Metro Pawn and Loan is a family-owned and operated pawn shop located at 3011 West Broadway in Council Bluffs, Iowa. The business has been operating for almost 20 years and positions itself as a local alternative to short-term cash access solutions through collateral-based lending.
The company offers pawn loans at rate claims to verify as their primary financial service, allowing customers to borrow money by using personal items as collateral. They buy, sell, and trade a wide variety of merchandise including jewelry (gold, silver, diamonds), tools and equipment, electronics, firearms and sporting goods, and musical instruments. They also provide jewelry repair services and offer on-the-spot appraisals for items customers wish to pawn or sell. Customers can walk out with instant cash after selling unwanted items or receive loan proceeds against collateral.
Metro Pawn positions itself as a "family-owned" business emphasizing personal service and fair pricing. They highlight nearly 20 years of operational history and stress "quality products and services" during customer visits. The business markets itself as your local "Pawn Stars," leveraging the popular television show's brand recognition to attract customers seeking short-term cash access with eligibility claims to verify.
As a pawn shop, Metro Pawn provides access to short-term cash access without credit requirements or traditional lending qualification hurdles. However, pawn loans typically carry higher costs than traditional personal loans due to short terms and interest rates. The business operates on a barter/collateral model rather than credit-based lending, making it suitable only for those with valuable items and short-term cash needs. No information is available regarding APR, loan terms, redemption periods, or regulatory compliance details on their website.
