Do we offer Asset Loans to high profile clients?
Regulatory issues Well the simple answer is yes, we offer loans to high net worth individuals. Here in Florida a Pawnbroker cannot conduct transactions online. The state of Florida mandates the transaction must take place in a licensed storefront. This makes it much more difficult to compete with online lenders such as Borro who have no jurisdiction or state laws to follow. I have let the Dept of Agriculture here in our state know my objection to online loans conducted across