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NPA Weekly NewsBrief
Aug. 26, 2008  
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The Pros & Cons of Pawn Shops
from CNBC
While most of the retail industry has been trying to stem the bleeding from the weak consumer, pawn shops have been thriving. It makes sense, really. With times as tough as they are, people are looking for easy deals and quick cash and pawn shops provide both. More

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Mesa, Ariz. Pawn Shops Aim to Block Proposed Fee
from East Valley Tribune
Mesa, Ariz., pawn shop representatives are urging the city to reconsider a proposal to charge a fee on transactions to defray police administrative costs for keeping track of stolen items. Pawn shop owners say they're heavily regulated as it is and want the city to extend the cost to other secondhand goods dealers, too, who they say fall under the radar. More

The Economic Crunch: More Sellers than Buyers Lately, but Pawn Shop Business Booms
from the Memphis Commercial Appeal
He wore a NASCAR T-shirt above his cut-off shorts. A black Dale Earnhardt ball cap was perched above his brownish mustache and beard. A ponytail slipped through the back of the cap and rested on the shirt. "I'm just payin' on a loan," 40-year-old Dana Morris said stepping into the afternoon heat as he left Cash America Pawn. "I don't have a bank, man." More

Middle Classes Turn to the Pawn Shop as Credit Crunch Bites Further into Families' Finances
from The Daily Mail
The credit crunch is forcing families to turn to pawnbrokers to shore up their finances. The number of High Street pawnshops stands at more than 800, compared to less than 100 in the early 80s, according the National Pawnbrokers Association. More

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The PawnGuard has 35 individual drawers. It takes time to open each one, and they can only be opened one at a time. With time-delay enabled, it takes even more time between drawers. The bad guys depend on fast, lucrative and small targets, and that's why jewelry is a primary target. And that's why PawnGuard keeps you protected. It takes time. More info



Pawnbrokers See Increased Inventory but Fewer Buyers
from Florida Today
More people are pawning their stuff these days, often seeking money for basic necessities, but fewer are buying as pawn shops in Brevard County, Fla., as their customers grapple with the bumpy economy. More

Pawn Shops Trying to Revamp Their Image in Missouri
from Missourinet
Most people think of pawn shops as they're depicted in movies: shady. In the last ten years these businesses have cleaned up their image, said President Rob Lauer of the Missouri Pawn Brokers Association. More

Pawn Shop Loses Legal Challenge of City Ban
from the Minneapolis Star-Tribune
Pawn America's lawsuit against St. Louis Park, Minn., has been dismissed. The Burnsville-based chain had challenged the city's temporary ban on pawn shops, which quickly led to new rules restricting them. More

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Credit Cards Replace Small Business Loans
from BusinessWeek
While data on small business borrowing is scattered, indications show that entrepreneurs are increasingly relying on credit cards to finance their businesses, especially early-stage companies. More

Opinion: Proposed Ban on Pawn Shop Gun Sales Wrong
from the Clarion Ledger
The author points out that banning gun sales in Mississippi pawn shops would be limiting the availability of legal gun sales to honest citizens. In addition, by banning pawn shops from gun sales, the city would be limiting the shop owners' ability to operate successful businesses. The taxes collected on the sales would be lost to the city and one more worthless law would further clog the justice system. No doubt, pawn shop owners would tie the city up in litigation for years to come. More

In Place of Fatigues, Business Suits
from The New York Times
The Small Business Administration has found that the experience of military service strongly predisposed people to self-employment and business ownership. The study might explain the success of the Entrepreneurship Boot Camp for Veterans With Disabilities. The program was created last year at the Whitman School of Management at Syracuse University and has been adopted this year by U.C.L.A, Texas A&M and Florida State to teach disabled soldiers, sailors, airmen and marines the skills needed to start and expand small businesses and help them find financing for their ideas. More




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