What is a Pawn Loan?

A pawn is a collateral loan. Your item is used for collateral for the loan. Okanogan Arms Co will  offers a loan amount based on a percentage of the value.


If both parties agree to a loan amount, the Okanogan Arms Co will hold your item for 90 days. You can repay the loan amount (along with interest and fees) to redeem the item at any time within that 90 days. If you cannot redeem the item, you can pay to renew the loan and extend your pawn another 90 days. You can renew as many times needed.