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Palace Jewelry & Loan in Seattle, WA
Palace Jewelry & Loan is a federally licensed pawnbroker in Seattle specializing in firearms and jewelry collateral loans. Licensed by the ATF since at least 2020.
Data compiled from public sources · Rating from CreditDoc methodology
Palace Jewelry & Loan Review
Palace Jewelry & Loan Inc operates as a licensed pawnbroker in Seattle, Washington, holding a Federal Firearms License (FFL) issued by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF). The business is located at 1420 1st Ave in downtown Seattle and has maintained federal licensing for firearms transactions as a Type 02 pawnbroker. The company's FFL license (9-91-033-02-5K-10599) was set to expire October 1, 2025, indicating continuous operational compliance with federal regulations.
As a licensed pawnbroker, Palace Jewelry & Loan offers collateral-based lending secured by personal property. The company's name suggests their primary inventory focus is jewelry and firearms, which aligns with their ATF pawnbroker classification. Customers can leverage valuable items—particularly firearms and jewelry—as collateral to obtain short-term loans without credit checks or income verification requirements typical of traditional lenders.
Palace Jewelry & Loan distinguishes itself through federal firearms licensing compliance and operation in a major metropolitan area. Their downtown Seattle location (1st Avenue) places them in a high-visibility commercial corridor. The company maintains active contact information (206-624-7962) for customer inquiries and operates under strict ATF regulations governing firearm transactions, including mandatory background checks and waiting periods for firearm transfers.
The main limitation is that this profile is based on ATF licensing records rather than comprehensive business information. Prospective customers should contact the business directly to confirm current hours, interest rates, maximum loan amounts, and what specific items they accept as collateral beyond firearms and jewelry.
Services & Features
Collateral-based pawn loans secured by personal property
Federal Firearms License (FFL) services for firearm transfers
Firearm background check processing
Firearms pawn loans and transactions with ATF compliance
In-person property appraisal for loan valuation
Jewelry pawn loans and collateral lending
Loan redemption and collateral return services
Same-day cash loans against collateral
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Federally licensed and regulated by ATF—ensures compliance with firearm transaction laws and consumer protections
- No credit check required—pawn loans are collateral-based, accessible to those with poor or no credit history
- Downtown Seattle location on 1st Avenue—highly visible, accessible location in major metropolitan area
- Established business with sustained federal licensing—demonstrates operational longevity and regulatory compliance
- Fast access to cash—pawn transactions typically complete same-day without lengthy application processes
- Specializes in high-value items—jewelry and firearms are recognized valuable collaterals with predictable resale markets
Cons
- Limited online business information—website only contains ATF licensing data; no details on loan terms, rates, or policies publicly available
- Firearms licensing focus may alienate general consumers—specialization in gun sales/transfers limits appeal to broader pawn clientele
- FFL license expiration date (October 1, 2025) suggests potential compliance timing concerns—customers should verify current licensing status before visiting
- No transparent pricing or terms disclosed—interest rates, loan-to-value ratios, and redemption terms not published online
- Physical location requirement—customers must visit storefront in person; no online loan application or remote appraisal options mentioned
Rating Breakdown
Value 5.0
Effectiveness 3.5
Customer Service 3.7
Transparency 3.5
Ease of Use 3.9
Frequently Asked Questions
Is Palace Jewelry & Loan legitimate?
Yes. Palace Jewelry & Loan is a registered company, headquartered in 1420 1st Ave, Seattle, WA 98101.
Quick Facts
- Headquarters
- 1420 1st Ave, Seattle, WA 98101
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Palace Jewelry & Loan
Palace Jewelry & Loan is best for firearms owners and jewelry holders in the Seattle area who need quick collateral-based loans without credit checks and can visit in person. The primary caveat is that publicly available information is extremely limited—only ATF licensing details are provided, with no disclosed loan terms, interest rates, or policies, so direct contact with the business is essential before applying.
Best For
- Gun owners needing temporary cash secured by firearms with ATF-compliant transactions
- Individuals with jewelry or valuables seeking quick loans without credit checks
- People with poor credit history who need collateral-based lending outside traditional banking
- Customers in Seattle requiring in-person pawn services with federal firearms licensing compliance
Updated 2026-04-29
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