| € | Euro | Reserve Now | |
| $ | USD | Reserve Now | |
| *only available when reserved online and collected in store. | |||
Business to Business
Loan Offer
Pickwick Jewellers and Pawnbrokers is delighted to announce it’s new Business-to-Business loan offer.
Raise the finance your business needs
The truth is that since 2008, there has been a sharp decline in bank lending to small businesses. This creates a huge financial difficulty for thousands of small to medium sized companies – the vast majority of which are soundly profitable businesses, but who from time to time simply suffer from short-term cashflow problems.
If you are a Limited Company, Partnership, Sole Trader or Self Employed and have a business you own or run – then Pickwick could be your solution.
Our Business-to-Business offer gives you absolute flexibility to borrow in cash or by electronically transferred funds – available within minutes of coming in to your local store and if it suits you, an appointment can be made so you even know the exact time we will see you. We are a viable solution to bank lending, as even where they are willing to lend – the time delay and long-winded application and approval process often means that by the time you get a ‘Yes’ – it’s too late to fully help your business. We give you an instant loan decision and immediate advance of the agreed loan sum.
your cash loan
is instant
is clear and straightforward
| 1 | Contact one of our stores or call our dedicated Business-to-Business loan line on (01322) 319 524. Have available an item of jewellery, watch or other item of value as security and agree your loan amount |
| 2 | Sign your loan agreement |
| 3 | Receive your cash - or have the funds wired directly to your bank account (available within 2 hours) |
| 4 | Repay anytime you want within 7 months and collect your goods |
What items can I use as security?
We will lend against anything that has a value! Typical items are listed below.- Jewellery
- Gold
- Diamonds
- Watches
- Designer Goods
- Art
- Antiques
- ....And more! - We will consider a loan on any goods - just call to discuss.
What will the loan cost me?
We offer 7 month cash loans secured against items of value. Please note you can redeem your item at any time from day 1 to month 7. Take a look below at our Representative Example. Sums from £5 to £50,000 available.
| Amount of credit | Period | Total amount payable |
Monthly Interest Rate |
| £300 | 7 months | £510.00 | 10% |
| Representative 148.3% APR | |||
Most of our loans tend to be fairly small sums for short periods of time (though we can make loans up to £50,000). You can repay your loan at any time during the term - the shorter time you have the loan the cheaper it is for you. For example, if you borrow £100 for 5 weeks at 10% monthly interest you will repay just £115.02. (APR 148.3%).
| Amount of credit | Period | Total amount payable | Monthly Interest Rate | |
| £5,000 | 5 weeks | £5,484.38 | (APR 82.4%) | 6% |
| £5,000 | 15 weeks | £6,156.37 | (APR 82.4%) | 6% |
| Amount of credit | Period | Total amount payable | Monthly Interest Rate | |
| £10,000 | 5 weeks | £10,822.91 |
(APR 67.2%) | 5% |
| £10,000 | 15 weeks | £11,947.42 | (APR 67.2%) | 5% |
| 1 | Business Pawnbroking loans up to £50,000 |
| 2 | All loans available for up to 7 months |
| 3 | All loans are renewable (but we would encourage you to repay at least 10% of your loan at the same time where you are able to) |
| 4 | Property never becomes Pickwick’s - if you choose not to repay, when the property is sold, you get any surplus on the sale |
Early Repayment
You have the right to repay what you owe under this agreement early, either in full or in part. To do so you must give notice to the pawnbroker, orally or in writing, to the contact details given above and make the payment within 28 days of the notice or on or before any later date specified in the notice. The loan is for the period set out above but it can be repaid early in whole or part in which case the amount repayable (for early repayment in full) or the amount outstanding (for early repayment in part) will be calculated in accordance with any rebate due under the Consumer Credit (Early Settlement) Regulations 2004.
However, if the amount you repay early, in whole or in part, exceeds £8,000 in a single payment or a number of payments over a 12 month period, the pawnbroker may be entitled to compensation under section 95A of the Consumer Credit Act 1974 equal to the costs incurred provided that these are fair, objectively justified and do not exceed the total amount of interest you would have paid under the agreement from the date you make the payment to the date fixed under the agreement for discharge of the indebtedness.
