Chicago Loan Company was one of the first pawnshops in the United States to advertise pawn loans against upscale designer handbags, specifically exclusive and rare handbags from the likes of Hermes Birkin, Kelly and Chanel. The company has funded hundreds of thousands of dollars in loans against this growing asset class. We remain an active lender and purchaser of auction-worthy handbags, but we are admittedly quite particular.
With jewelry loans, we will loan on all gold or platinum pieces, but with handbags, we have very specific criteria: we consider only designer handbags from Hermes, Chanel or any equivalent label that holds a retail price of over $5,000. We also require that the handbag is in excellent condition and, in most cases, we require provenance, specifically a receipt from the retailer where it was purchased. Please contact us prior to coming in to discuss your handbags.