Establishments in Goldsboro that offer collateral-based loans are the focus. These businesses provide short-term financing options to individuals who pledge personal property as security. The sum loaned is determined by the appraised value of the item presented.
These local establishments serve as a resource for immediate financial needs and offer a marketplace for buying and selling pre-owned goods. Historically, such businesses have played a significant role in communities, providing access to credit where traditional banking options may be limited. They also contribute to the local economy by recirculating valuable items.