No stored Google rating available.
Bakersfield-based pawn shop established in 1966 offering collateral-based loans on jewelry, tools, electronics, and sporting goods with state-regulated rates.
Data compiled from public sources
Globe Loan Jewelry Co. has operated as Bakersfield's oldest pawn shop since 1966, building over 50 years of community presence in downtown Bakersfield. The company positions itself as a reported financial resource for working families in Kern County who are researching short-term liquidity for essential expenses like utilities, rent, and vehicle maintenance. Their business model centers on three core services: providing collateral-based loans, buying secondhand items, and reselling merchandise both in-store and through online marketplaces.
The company offers pawn loans secured by jewelry, tools, electronics, and sporting goods with loan terms of 4 months at rates set by the State of California. They also operate as a secondhand dealer, specializing in fine gold jewelry (wedding sets, diamond earrings, chains, bracelets) and other items including musical instruments, televisions, Blu-ray players, video game consoles, and equipment. All loan and purchase transactions are reported to the Bakersfield Police Department as required by law.
Globe Loan distinguishes itself through longevity and local market reputation—over five decades of operation in a single community. Their consistent downtown location and limited but predictable hours (Wednesday-Saturday) reflect a stable, established operation. They explicitly target working families with short-term cash needs rather than promoting high-risk lending products. The company holds a valid pawn shop license (1502-0995) and complies with state rate regulations rather than operating outside lending frameworks.
As a traditional pawn shop, Globe Loan serves a specific niche: consumers with short-term cash needs who have tangible assets to pledge. The 4-month loan term is relatively standard for pawn operations but creates a hard deadline for redemption. While state-regulated rates provide consumer protection, the essential nature of pawn lending means borrowers sacrifice ownership temporarily. The limited hours and single downtown location may inconvenience some customers, and the business model inherently requires customers to possess items of sufficient value.
This is state-level context for Pawn Shops consumers in Bakersfield, CA. It does not confirm that Globe Loan Jewelry Co. or this specific location is licensed.
State regulator
California Department of Financial Protection and Innovation (DFPI)
Consumer protection
Short-term lending status: Legal
General rate context: 10% for personal/consumer loans (Article XV, CA Constitution); payday loans capped at $15 per $100
California regulates payday loans at a maximum of $300 with a $45 fee cap. The DFPI oversees all consumer lending and enforces the California Consumer Financial Protection Law. Consumers have strong rights under the state's comprehensive lending regulations, including the ability to file complaints online with the DFPI.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Globe Loan Jewelry Co. offers 11 services including Collateral-based pawn loans on jewelry, tools, electronics, and sporting goods, 4-month pawn loan terms at state-regulated California interest rates, Purchase of secondhand items and jewelry from customers, Retail sales of fine gold jewelry including wedding sets and diamond earrings, Retail sales of musical instruments, electronics, and sporting equipment, and 6 more.
Globe Loan Jewelry Co. has profile signals associated with Working families with short-term cash needs for essential expenses who have eligible collateral, Customers with jewelry or tools they don't immediately need who can redeem items within 4 months, Bakersfield-area residents seeking alternative to payday loans or credit-based borrowing, Individuals who prefer listed, regulated lending over high-risk loan products.
Key strengths: Over 50 years of established operation in Bakersfield since 1966, providing community track record; State-regulated interest rates on loans, ensuring compliance with California consumer protection standards; Accepts diverse collateral types: jewelry, tools, electronics, and sporting goods, not limited to gold. Areas to consider: Very limited operating hours (Wednesday-Friday 11am-5:30pm, Saturday 10am-3pm, closed Sunday-Tuesday) restrict accessibility; Single downtown Bakersfield location provides no geographic flexibility for customers outside area.
In the Pawn Shops category, comparable providers include 1st Pacific Pawn, Atlas Loan & Jewelry Co, Dave Tipp Jewelry & Loan. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Globe Loan Jewelry Co. is best suited for Bakersfield-area residents facing short-term cash access shortfalls who possess tangible assets like jewelry, tools, or electronics and can realistically redeem items within 4 months. The primary caveat is that pawn lending requires surrendering item possession temporarily and carries a definitive redemption deadline; customers unable to repay within 4 months lose their collateral permanently.
1st Pacific Pawn offers collateral-based loans and cash for items of value in San Pedro, CA. Borrowers receive loans up to 7 months with no monthly payments or early repayment penalties.
Profile signals: People researching short-term cash access who own valuable items (jewelry, electronics, instruments), Borrowers without credit history or poor credit seeking collateral-based loans
Bellflower, CA pawn shop founded in 1961 offering collateral-based loans from $10–$100,000, eligibility claim to verify. Buys and sells jewelry, electronics, tools, coins, and musical instruments.
Profile signals: Local residents in Bellflower, Long Beach, Downey, or Lakewood researching short-term cash access with eligibility claims to verify, Individuals who may not meet traditional loan criteria due to poor or no credit history
Dave Tipp Jewelry & Loan is a pawn shop in Downtown Los Angeles offering collateral-based loans against jewelry, gold, and other valuables with quick funding.
Profile signals: Customers who own jewelry or gold and are researching short-term cash access with eligibility claims to verify or lengthy approval processes, Short-term borrowers who can repay within 120 days and prefer not to sell valuable items outright
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
Read guide →A plain-English breakdown of what credit products, loans, and cards you can realistically get at every credit score level — from deep subprime to excellent.
Read guide →Learn exactly how to check your credit score for free using legitimate sources, understand the difference between soft and hard inquiries, and know your rights under federal law.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Globe Loan Jewelry Co. and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.