I am happy to report that I have been over here in the Tampa / St Pete area of Florida this week putting together some of the final components to provide the FIRST true lending platform for pawnbrokers.
Having spent a lifetime in this industry, I have concluded that one of the biggest challenges we face today is obtaining capitalization to fund and grow our businesses. Our industry has been neglected by mainstream banking for as long as I can remember. I have worked in and around the industry now for more than 40 years of my life, and financing has always remained to be one of our primary struggles.
Pawnshop Consulting Group along with our new partnership with CashWiz Holdings LLC out of the Cayman Islands is creating a lending platform to inject into the industry to allow pawnbrokers not only fund their business, but provide the necessary capitalization for them to grow their business platforms and to place a lot more pressure on the thousands of gold buyers moving into our sectors.
We have determined that by infusing capital into the segment we can help solidify the growth of our industry and also provide other ancillary services to aid pawnbrokers in their quest to compete, survive and grow their business models.
PCG thru our affiliation with CashWiz will also be offering an entire suite of services that we believe is going to help revolutionize the Pawn industry once again. In the coming months we will be providing a lot more detail about what we are up to, this is round one and we are well on down the road as they say to provide a whole new level of services, funding and expertise in our beloved industry.
Stay tuned for more, Jerry Whitehead!