Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Pawn Shops vs Payday Loans in Lake City, FL
4 pawn shops in and around Lake City — 6.6 per 100,000 residents, compared with 4.5 across Florida. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Lake City ranks #16 of 86 Florida cities with pawn shops by shops per resident.
- Pawn shops
- 4
- Pawn shops per 100k
- 6.6
- Florida: 4.5
- Big-chain shops
- 0
- Payday & loan stores
- 4
- Population
- 60,704
Pawn shops in Lake City: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| 5 Points Pawn | 2072 Us-441 Lake City, FL 32055 | (386) 438-8148 | fivepointspawn.com |
| American Pawn Brokers | 1420 SW Main Blvd Lake City, FL 32025 | (386) 752-6927 | americanpawnlakecity.com |
| Empire Gold & Pawn | 2310 W US Highway 90 Lake City, FL 32055 | (386) 628-2344 | empiregoldpawn.com |
| Gold Buyers | 120 NW Burk Ave Lake City, FL 32055 | (386) 965-3470 | koala-oleander-aarl.squarespace.com |
Pawn shops vs payday loan stores in Lake City
Lake City has 4 pawn shops and 4 payday, installment and title loan stores.
Pawn shops
4
6.6 per 100k residents
Payday & loan stores
4
6.6 per 100k residents
4 store chains
Biggest loan store chains in Lake City: Advance America (1), Lendmark Financial Services (1), Mariner Finance (1), OneMain Financial (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~304% APR) | $55.00 fee every 2 weeks, renewed once | $110.00 |
| Pawn loan (example: 20% a month) | You leave an item worth more than the loan; repay to get it back | $100.00 |
| Credit union PAL (28% APR + $20 fee) | Repaid in installments; membership required | $31.67 |
- Payday cost, share of monthly household income in Lake City
- 2.4%
- Pawn cost, share of monthly household income in Lake City
- 2.2%
- A $400 emergency equals
- 2.7 days of income
Payday: the FL maximum — $55 on a $500 loan for 2 weeks, paid twice for a one-month loan. Pawn: an example rate of 20% a month; pawn fees and interest are set by Florida law and vary by shop — ask for the total in writing. PAL: payday alternative loan from a federal credit union, capped at 28% APR plus an application fee of up to $20. Income: U.S. Census Bureau, American Community Survey.
Pawn loan vs payday loan: the key differences
| Pawn loan | Payday loan in FL | |
|---|---|---|
| What you need | An item of value (jewelry, gold, electronics, tools, firearms) and an ID | A bank account, proof of income and an ID |
| Credit check | None | Usually none |
| How much you get | A fraction of the item's resale value | Based on your income, up to the state limit |
| If you can't repay | The shop keeps the item; no collections and no credit damage | Fees pile up with renewals; the debt can go to collections |
| Bank account access | None | Lender can debit your account or cash your check |
| Rules in Florida | Pawnbrokers are licensed and regulated by Florida; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~304% |
Lake City at a glance
- Median household income
- $55,009
- Florida: $75,446
- Poverty rate
- 17.4%
- Florida: 12.7%
- Households under $25,000
- 21.9%
- Florida: 15.4%
- A $400 emergency equals
- 2.7 days of income
Payday and installment loan stores in Lake City
For comparison: storefront payday, installment and title lenders in Lake City with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 905 SW Main Blvd., #120 Lake City, FL 32025 | (386) 754-4023 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 2941 W US Hwy 90 #103 Lake City, FL 32055 | (386) 269-8080 | — | 5.0 |
| 163 SW Stonegate Terrace Ste. 101 Lake City, FL 32024 | (386) 758-3008 | — | 4.8 |
| 225 NW Commons Loop Ste 105 Lake City, FL 32055 | (386) 755-0021 | — | 4.0 |
Pawn shops near Lake City
More about Lake City
Pawn shop listings: © Overture Maps Foundation (CDLA-Permissive 2.0), including Foursquare OS Places and © OpenStreetMap contributors; filtered and de-duplicated by us. Population, income and poverty: U.S. Census Bureau, American Community Survey. Call ahead to confirm hours and what a shop buys or lends on.