Pawn Shop Facts

  • Pawnshops can buy your valuables or offer you a loan using them as collateral.
  • Pawnshops are licensed by state and local government to offer customers loans. Resale shops, cash for gold places and buy / sell stores are not. Solar Loan is licensed by the City of Des Moines and the State of Iowa.
  • State law regulates the interest rates that pawnshops can charge. Solar Loan has some of the lowest interest rates in the Central Iowa!
  • Pawnshops are not “just for poor people”. Many of our customers are what could be described as being from a middle or upper-economic background. We are here to help all people get access to cash when they need it! When the banks aren’t lending, you can always get cash at Solar Loan.
  • Pawn Shops are a great place to buy jewelry. We don’t charge the mark-up that retail jewelry stores charge. In fact, many jewelers are our regular customers. They buy low from us and mark up their prices to retail. When you come to Solarl, you may find jewelry prices at up to 80% off of retail. This includes name brand products and luxury watches!
  • You must be at least 18 years old to pawn or sell an item, and you must show a valid state or national photo ID.