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When rich people need money in a hurry, they often don’t go to banks, but they get discreet collateral loans against valuable objects such as watches, jewelry, artwork and rare memorabilia. In this interview, Jordan Tabach-Bank, who is the CEO of two high end pawn shops in New York and Beverly Hills, explains how the business works. His “Pawn Shop to the Stars” caters to socialites, businesspeople and celebrities who need quick collateral loans against their assets when they are in a cash squeeze. He will describe when it makes sense to get a loan this way instead of through a traditional bank
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