How the Pawn Process Works

Put simply – customers pledge property as collateral, and in return, pawnbrokers lend them money. When customers pay back the loan, their merchandise is returned to them. Pawn loans are made on everything from jewelry to electronics. If the customer elects not to redeem their collateral, there is no credit consequence to the borrower and the items are sold at a discount to retail consumers.


The average pawn loan is $75 :: (with the vast majority of loans being in the range of $20-150)  

The contract period is 60 days total :: (it’s actually a 30 day contract, with a 30 day grace period)  

Total monthly service charges are 25% :: (includes 2%/mo. interest, +storage fee’s & overhead)


Pawning your item(s)  

A pawn is a 30 day loan, with a 30 day grace period  

Services charges are added monthly  

No credit check is required  

We use the pawned item as collateral  

We loan up to 50% of resell value  

Resell value is about 50% of retail value  

Pawn items are held at least 60 days before going out for sale



Dan's Pawn - St Andrews

1315 Beck Avenue

Panama City, FL 32401


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Dan's Pawn - Springfield

3214 E Highway 98

Panama City, FL 32401


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