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 Cedar Rapids, IA
4 pawn shops in and around Cedar Rapids — 2.8 per 100,000 residents, compared with 1.8 across Iowa. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Cedar Rapids ranks #7 of 10 Iowa cities with pawn shops by shops per resident.
- Pawn shops
- 4
- Pawn shops per 100k
- 2.8
- Iowa: 1.8
- Big-chain shops
- 2
- Payday & loan stores
- 3
- Population
- 145,119
Pawn shops in Cedar Rapids: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| EZPAWNChain | 1344 1st Ave NE Cedar Rapids, IA 52402 | (319) 286-8108 | ezpawn.com |
| EZPAWNChain | 2660 Wiley Blvd SW Cedar Rapids, IA 52404 | (319) 396-2507 | ezpawn.com |
| Kleppe Family Jewelry & Loan | 421 3rd Ave SW Cedar Rapids, IA 52404 | (319) 362-8111 | kleppepawn.weebly.com |
| Siegel's Jewelry & Loan | 3525 1st Ave SE Cedar Rapids, IA 52402 | (319) 366-1554 | diamondsrforever.com |
Pawn shops vs payday loan stores in Cedar Rapids
Cedar Rapids has 4 pawn shops and 3 payday, installment and title loan stores.
Pawn shops
4
2.8 per 100k residents
Payday & loan stores
3
2.1 per 100k residents
3 store chains
Biggest loan store chains in Cedar Rapids: Advance America (1), Check Into Cash (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 (~337% 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 Cedar Rapids
- 1.8%
- Pawn cost, share of monthly household income in Cedar Rapids
- 1.6%
- A $400 emergency equals
- 2.0 days of income
Payday: the IA 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 Iowa 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 IA | |
|---|---|---|
| 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 Iowa | Pawnbrokers are licensed and regulated by Iowa; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~337% |
Cedar Rapids at a glance
- Median household income
- $72,941
- Iowa: $76,204
- Poverty rate
- 11.4%
- Iowa: 11.1%
- Households under $25,000
- 13.4%
- Iowa: 14.2%
- A $400 emergency equals
- 2.0 days of income
Payday and installment loan stores in Cedar Rapids
For comparison: storefront payday, installment and title lenders in Cedar Rapids with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 3135 Wiley Blvd. SW, Ste. 107 Cedar Rapids, IA 52404 | (319) 390-5800 | Mon–Fri 9:00 AM – 5:30 PM Sat–Sun closed |
— |
| 5442 Blairs Forest Way NE Cedar Rapids, IA 52402 | (319) 294-1514 | — | 4.9 |
| 1121 Blairs Ferry Rd NE #200 Cedar Rapids, IA 52402 | (319) 377-2332 | — | 3.6 |
Pawn shops near Cedar Rapids
More about Cedar Rapids
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.