Pawn 1 provides our customers with affordable solutions to borrowing money and an exceptional retail experience.
To receive a pawn loan, a customer and Pawn 1 will agree on an item’s value, and the item will be left with us as collateral in exchange for a short-term cash loan. The item will remain in our possession until the customer repays the principle loan amount plus applicable fees.
We offer serious consumer savings through discount pricing and like-new product selection. Pawn 1 is always working to deliver the lowest possible prices.
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 our market area.
On October 4th, 1979, Mark Lax opened his first pawnshop in downtown Spokane, Washington. Over the next 15 years, he opened 2 more pawnshops in the Valley of Spokane (1983), and North Division (1993). Mark then grouped the stores under a single brand with the promise of delivering the highest level of service to his valued customers.
Pawn 1 was born in 1994 in Hillyard, Washington, in a 2,500 square foot store. Store #5 was opened on Post Falls, ID in 1996. At this time, each store was transformed to deliver the same exceptional experience and Mark rapidly expanded into Idaho.
With a formidable management team and over 100 years of combined experience, Pawn 1 has since opened eleven additional stores from Coeur d’Alene, Idaho, all the way south to our newest store in Pocatello.
The foundation of this small-business success story is built on 35 years of experience, incredible family members and great support from friends and loyal customers. 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 encourages an innovative culture where our employees can make a difference to our customers' experience. We look to hire highly motivated people with strong customer service and decision-making skills to come and join our dynamic organization.