Beverly Loan Company Celebrates 80th Anniversary with a New Office

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Mar 20, 2019, 08:50 ET

BEVERLY HILLS, Calif., March 20, 2019 /PRNewswire/ -- Beverly Loan Company, known as the "Pawn Shop to the Stars," celebrated its 80^th anniversary last year and is commemorating the achievement with a new state-of-the-art office that is nearly double the size of its current space.

Beverly Loan Company has specialized in high-value collateral loans against luxury goods, including jewelry, watches and fine art, for more than 80 years.

Beverly Loan Company’s elegant and modern suite boasts cutting-edge security features and a private entrance for high-profile clients looking to conduct business in a safe and discreet office setting.

Founded in 1938 by Louis Zimmelman, this family business was the first pawnshop in Beverly Hills—one where business could be conducted discreetly in private offices and where clients' valuables were protected by bank vault security. Now in its third generation, Beverly Loan Company has expanded from its flagship in the heart of Beverly Hills to include locations in New York and Chicago, known collectively as The Loan Companies. Each of the three offices buys, sells and provides collateralized pawn loans against high-value, luxury assets, including diamonds, gold and platinum jewelry, high-end watches, fine art, and auction-worthy handbags.

Beverly Loan Company moved for the fourth time in its history, transitioning to a fully renovated and contemporary suite one floor below its former unit, which served as its home since 1987. This upgrade to a larger space will allow for the implementation of cutting-edge security features, an expanded and more modern showroom, a private entrance and elevator, and increased storage for collateral of all shapes and sizes.

Jordan Tabach-Bank, CEO and owner of The Loan Companies, explains, "When my grandfather founded Beverly Loan eight decades ago it was a small one-room office across the street from our current location, and today we have a space that is over 3,000 square feet of pure luxury. It may not be the world's fanciest jewelry store or art gallery, but without a shadow of a doubt, it is the premiere collateral lending location in the world."

The suite boasts a significantly larger showroom, allowing for more retail traffic and display of luxury goods for sale to the public, including signed pieces by Rolex, Bulgari, Hermès, and Cartier. Tabach-Bank explains, "When it comes to our offices, we value the same things as our clients: extreme privacy, unmatched security, and a professional environment. This move will enable us to better assist our clientele, particularly those looking to make six and seven figure loans."

The new office will also serve as the headquarters for The Loan Companies. "We are certain this transition will enrich my family's legacy and allow for continued growth, propelling The Loan Companies and future brands another eighty plus years into the future."

Beverly Loan Company is now located in Suite 101 of the Bank of America building at 9440 South Santa Monica Boulevard in Beverly Hills. For more information about Beverly Loan Company and their services, please visit www.BeverlyLoan.com or call 310-275-2555.

Media Contact:
Eleanor Walper
[email protected]
310.275.2555

SOURCE Beverly Loan Company