About Loan USA

In 1993, Loan USA, Inc. was established and opened for business in Worcester, Massachusetts. It was the first pawn shop to reopen since the 1970s. In 1994 the company expanded into Springfield, MA, and then opened a third location in Lawrence, MA in 2000. The company has over five decades of pawn-broking and jewelry experience, and has a GIA certified diamond expert on staff in each location. Loan USA, Inc. is the largest pawn-broking company in the state of Massachusetts, and holds the largest selection of gold and diamond jewelry found anywhere in the United States.

Over the last decade Loan USA, Inc. has been featured in the Worcester Telegram, Worcester Magazine, Worcester Business Journal, Springfield Union News and the Lawrence Tribune. Since 1994 they have been the only pawnshop to be acredited by the Better Business Bureau and received an A+ rating by meeting the BBB Standards of Trust.

Loan USA, Inc. is also a member of the National Pawnbrokers Association, The Jewelers Board of Trade, and The Massachusetts Pawnbrokers Association.  

The pawn industry is a heavily regulated provider of consumer financial services. In addition to state and local licensure requirements, laws concerning the terms and conditions govern pawn transactions such as interest rates, loan duration, redemption methods, record-keeping and transaction reporting requirements.

Come down to Loan USA


52 Chandler Street
Worcester, MA 01609
(508) 754-3600

1216 Main Street
Springfield, MA 01103
(413) 746-2274

92 Broadway
Lawrence, MA 01841
(978) 974-9998