Bakersfield-based pawn shop established in 1966 offering collateral-based loans on jewelry, tools, electronics, and sporting goods with state-regulated rates.
Editorially reviewed by Harvey Brooks
Globe Loan Jewelry Co. has operated as Bakersfield's oldest pawn shop since 1966, building over 50 years of community presence in downtown Bakersfield. The company positions itself as a trusted financial resource for working families in Kern County who need short-term liquidity for essential expenses like utilities, rent, and vehicle maintenance. Their business model centers on three core services: providing collateral-based loans, buying secondhand items, and reselling merchandise both in-store and through online marketplaces.
The company offers pawn loans secured by jewelry, tools, electronics, and sporting goods with loan terms of 4 months at rates set by the State of California. They also operate as a secondhand dealer, specializing in fine gold jewelry (wedding sets, diamond earrings, chains, bracelets) and other items including musical instruments, televisions, Blu-ray players, video game consoles, and equipment. All loan and purchase transactions are reported to the Bakersfield Police Department as required by law. The company extends its reach beyond physical retail through eBay and Etsy storefronts.
Globe Loan distinguishes itself through longevity and local market reputation—over five decades of operation in a single community. Their consistent downtown location and limited but predictable hours (Wednesday-Saturday) reflect a stable, established operation. They explicitly target working families with immediate cash needs rather than promoting high-risk lending products. The company holds a valid pawn shop license (1502-0995) and complies with state rate regulations rather than operating outside lending frameworks.
As a traditional pawn shop, Globe Loan serves a specific niche: consumers with immediate cash needs who have tangible assets to pledge. The 4-month loan term is relatively standard for pawn operations but creates a hard deadline for redemption. While state-regulated rates provide consumer protection, the essential nature of pawn lending means borrowers sacrifice ownership temporarily. The limited hours and single downtown location may inconvenience some customers, and the business model inherently requires customers to possess items of sufficient value.
Yes. Globe Loan Jewelry Co. is a registered company headquartered in 1130 19th St, Bakersfield, CA 93301. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
Globe Loan Jewelry Co. is best suited for Bakersfield-area residents facing immediate cash shortfalls who possess tangible assets like jewelry, tools, or electronics and can realistically redeem items within 4 months. The primary caveat is that pawn lending requires surrendering item possession temporarily and carries a definitive redemption deadline; customers unable to repay within 4 months lose their collateral permanently.
American Consumer Credit Counseling (ACCC) offers free consultations, debt management plans, and multi-service counseling to help consumers reduce interest rates and pay off debt. BBB A+ rated.
Best for: Consumers with $1,000–$100,000+ in credit card debt seeking a structured repayment plan without new loans, People who have fallen behind on payments and are exploring alternatives to bankruptcy
Oportun is a consumer lender offering personal and secured installment loans through physical branch locations, built for borrowers with limited credit history who prefer in-person service.
Best for: Unbanked or underbanked borrowers who prefer or require cash-based repayment, Spanish-speaking consumers seeking bilingual loan service at a physical branch
Family-owned pawn shop in Bakersfield specializing in collateral loans and gold/jewelry buying with 20 years of community service.
Best for: Individuals who need fast cash and have valuable items (gold, jewelry, electronics) to pledge as collateral, People with poor or no credit who cannot qualify for traditional personal loans
Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Globe Loan Jewelry Co. and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.