Loans

What is a pawnshop?

A pawnshop is a business where unredeemed items of value are sold to the public and also offers secured loans to people with items of personal property used as collateral.


Why should we choose J & S Gold & Loan?

J&S Gold & Loan has been in the business for over 50 years! Our family-run and operated business is known for our fairness and honesty, which is why we are the #1 buyer in the Chicagoland area.


What are the requirements to obtain a loan from J & S Gold?

You must have a valid government issued photo I.D. which can be a driver’s license, State-issued I.D., Passport, FOID card, or US/Immigrant I.D. Bring a personal item of value that can be used as collateral for your loan.

The law prohibits pawnshops to interact in business deals with any person appearing to be intoxicated nor with any person known to have been convicted of theft.

State of Illinois Department of Financial and Professional Regulation Division of Banking Pawnbroker Regulation Section


What can I use as collateral to receive a loan?

Jewelry, gold, diamonds, silver, platinum, rare coins, antiques, electronics, quality tools, collectibles, musical instruments, and more can be used as collateral to receive a loan!


What kind of jewelry do you sell in your pawnshop?

We sell all types of jewelry including gold, silver, platinum, and diamonds. Stop in today to view our large array of jewelry!


Are pawnshops legal and regulated?

Yes, pawnshops are legal and regulated by federal, state, and the local municipality and/or county in which they operate and conduct business.

In Illinois, the Department of Financial and Professional Regulation, Division of Banking, Pawnbroker Regulation Section (the same regulating body that regulates banks and other financial institutions) oversee the licensing of pawnshops and make sure that the pawning customers are protected from unscrupulous lenders.

State of Illinois Department of Financial and Professional Regulation Division of Banking, Pawnbroker Regulation Section

Loans

J&S Gold & Diamond Exchange provides loans up to $50,000 and small business loans! The transactions are always confidential, quick, and secure. Contact us today at (708) 481-1500 for more information or stop in today for an evaluation.