(PRWEB) January 10, 2014
New York Loan Company, on the third floor of the state-of-the-art International Gem Tower at 50 West 47th Street, opened for business last year providing confidential collateral loans against diamonds, gold, jewelry, luxury watches and contemporary art. It is the sister operation to Beverly Loan Company, which has been the premier collateral lender in Beverly Hills since 1938 and is commonly referred to as the “Pawnshop to the Stars”.
New York Loan Company now formally offers pawn loans to those in the jewelry business, specifically dealers in the Diamond District, who often require a short-term confidential cash infusion. Dealers in the trade, who are keenly aware of the value of their goods, undoubtedly appreciate New York Loan Company’s secure location, private offices, and GIA trained loan officers, all of which ensure a discreet, safe and professional experience.
Tabach-Bank’s family business understands how capital intensive the jewelry industry can be and offers deeply discounted interest rates to dealers that can present a jewelry resale license. “We appreciate and value the dealers who make 47th Street thrive and we are here to offer them a discreet and safe way to pledge their diamonds, jewelry and watches for quick cash in a matter of minutes at a rate far below market,” said Tabach-Bank. New York Loan Company is also unique in its ability to make the largest pawn loans on 47th Street, even seven-figures.
Prior to opening in Manhattan’s Diamond District, Jordan Tabach-Bank, the companies’ owner and CEO, had several clients, including diamond dealers and jewelry manufacturers, who would fly across the country to Beverly Hills to take advantage of his niche upscale collateral lending business. Recognizing the demand for an East Coast location with expertise in loaning to the trade, he was amongst the first to purchase space in the International Gem Tower.
Word of mouth recommendations have been the primary source of New York Loan Company’s growing customer base. Those dealers in the trade who do not require a loan likely know others who do and have the opportunity to profit from New York Loan Company’s affiliate referral program. New York Loan Company has already paid tens of thousands of dollars in referral fees for loans against high value goods, including GIA certified diamonds, Cartier art deco jewelry, Rolex watches, and even original artwork by Andy Warhol.
"We strongly value the relationships that we develop with our loyal clients and dealers in the trade, and appreciate nothing more than a new client visiting based on the recommendation of an existing client, which is why we've always encouraged the practice by offering generous referral fees," explained Tabach-Bank.