Josie’s Pawn Shows Record Growth, Helping Good People through Bad Times
Josie Koontz, of Josie’s Pawn Shop in Denver is proof that providing a valued service to families in need, will send you home at the end of the day feeling good, while also fueling double-digit growth.
August 13, 2014
Denver, United States – August 13th, 2014 /PressCable/ —
The pawn industry may be the only area of commerce that has survived 3,000 years of political and economic upheavals, wars, natural disasters, massive technological advancements and, the Internet. Even more unusual, is the fact that today’s pawn shops have waivered very little from their original business mission to provide simple, immediate loans to those in need. And, while the reasons for needing money and the collateral have evolved, the basic concept of providing short-term loans, regardless of income or credit worthiness, has never been more viable. Providing fast, secured renewable 30-day loans for nearly two decades, Josie’s Pawn Shop in Denver’s LoDo has seen a marketed increase in new, repeat and referral customers, fueled by the less than stellar economy, and Josie’s unprecedented, guaranteed below-market interest rate of 10%.
Today’s credit guidelines are tighter than ever and job opportunities remain sketchy for many, and through media “recovery articles” abound, Koontz is quick to point out, that the recovery has not yet trickled down to many hardworking families. In fact, it is loans for life’s most basic essentials that head the list of critical needs for Josie’s Pawn Shop borrowers. Medical emergencies, at-risk utility bills, auto repairs for work transportation, and just keeping the family in groceries and gas till payday, are the most common reasons record numbers of customers are now looking to Josie’s Pawn Shop for quick, no hassle short-term loans.
While many small businesses cut services and raise prices to avoid impending failures, Koontz is proud to be providing assistance to an increasing number of people in need. “We could have raised our interest rates when the economic climate was weak and increased our ‘per customer’ income substantially. Instead, we made the heartfelt decision to hold our guaranteed interest rate to 10%, continuing to make loans more accessible for those in need.”
From the time the doors open each day in Denver’s historic LoDo District, till they close each night, customers are flowing into Josie’s Pawn Shop, armed with their electronics, jewelry, musical instruments, tools, and other valuables, to secure the critical money they need now. Following the repayment of the loan and interest, items are then returned to their rightful owners. Josie’s is honored to serve her valued clients, and grateful for their loyalty. Because the real truth is that Josie’s is not only the best option for many today, it is sometimes their only option.