When it comes to our business, Pawn 1 provides customers easy access to cash and simple solutions to borrowing money. The following are descriptions of the services we deliver:
When a customer receives a pawn loan, an item of agreed upon value is left as collateral in exchange for the short-term cash needed. The item remains in our possession until the customer repays the principle loan amount plus applicable fees, at which time the item is returned to the customer.
Based in Spokane, Washington, Pawn 1, Inc. is a privately owned pawnshop chain that offers Pawn/Collateral lending and retailing of quality new and pre-owned merchandise. We are a specialty finance and retail enterprise, with the largest number of pawnshops in its market area.
On October 4th, 1979, Mark Lax opened his first pawnshop in downtown Spokane, Washington. Over the course of the next 15 years, he managed through sweat equity and long hours to open 2 more independently named pawnshops in the Valley of Spokane (1983), and North Division (1993).
Mark recognized the opportunity to image and brand a "chain of stores" that delivered the highest level of service to his valued customers...
Pawn 1 was born in 1994 in Hillyard Washington, in a 2,500 square foot former 7-11 store. Store #5 was opened on Post Falls, ID in 1996. All stores were retrofitted to this new corporate image, and Idaho became Mark's new discovery for a much more rapid expansion.
With a young formidable management team and over 100 years combined experience, Pawn 1 has since opened eleven additional stores from Coeur d’ Alene, Idaho, all the way south to the newest store in Pocatello.
35 years... family... and great support from friends and loyal customers has been the backbone to this true small business success story. The next generations will sustain this history and continue to improve the business and services that owner Mark Lax has so richly imprinted on Pawn 1, Inc. and its cherished customer following.
Pawn 1, Inc. has been an integral part of the Spokane and Idaho for over 35 years. Management believes that the company’s success is predicated on its willingness to give back to our loyal customers and these communities. The following is a list of some of the organizations to which Pawn 1, Inc. has contributed:
We have an innovative culture where our employees can make a difference to our customer's Pawn 1 experience. We look to hire highly motivated people, possessing strong customer service and decision-making skills, to come and join our dynamic organization.