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 Cleveland, TN
7 pawn shops in and around Cleveland — 7.1 per 100,000 residents, compared with 3.7 across Tennessee. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Cleveland ranks #3 of 23 Tennessee cities with pawn shops by shops per resident.
- Pawn shops
- 7
- Pawn shops per 100k
- 7.1
- Tennessee: 3.7
- Big-chain shops
- 1
- Payday & loan stores
- 11
- Population
- 98,701
Pawn shops in Cleveland: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Beckys Pawn | 2275 SE Spring Place Rd Cleveland, TN 37323 | (423) 790-5521 | bradleybarter.com |
| Cash America PawnChain | 500 S. Lee Hwy Cleveland, TN 37311 | — | — |
| E & B Pawn Shop | 690 Inman St E Cleveland, TN 37311 | (423) 479-4988 | local.com |
| George's Pawn Shop | 122 S Ocoee St Cleveland, TN 37311 | (423) 476-8774 | — |
| Posey Gun & Pawn | 2538 Keith St NW Cleveland, TN 37312 | (423) 472-7296 | poseygun.com |
| Sonya's Gun And Pawn, Llc. | 1815 Apd 40 Cleveland, TN 37323 | (423) 472-7278 | sonyas-gun-and-pawn.business.site |
| U.S. Money Shops | 500 S Lee Hwy Cleveland, TN 37311 | (423) 472-3073 | stores.usmoneyshops.com |
Pawn shops vs payday loan stores in Cleveland
Cleveland has 11 payday, installment and title loan stores but only 7 pawn shops.
Pawn shops
7
7.1 per 100k residents
Payday & loan stores
11
11.1 per 100k residents
9 store chains
Biggest loan store chains in Cleveland: Check Into Cash (2), TitleMax (2), 1st Franklin Financial (1), Advance Financial (1), Lendmark Financial Services (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~460% APR) | $75.00 fee every 2 weeks, renewed once | $150.00 |
| 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 Cleveland
- 2.8%
- Pawn cost, share of monthly household income in Cleveland
- 1.9%
- A $400 emergency equals
- 2.3 days of income
Payday: the TN maximum — $75 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 Tennessee 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 TN | |
|---|---|---|
| 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 Tennessee | Pawnbrokers are licensed and regulated by Tennessee; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~460% |
Cleveland at a glance
- Median household income
- $63,951
- Tennessee: $71,256
- Poverty rate
- 13.4%
- Tennessee: 13.9%
- Households under $25,000
- 17.7%
- Tennessee: 17.1%
- A $400 emergency equals
- 2.3 days of income
Payday and installment loan stores in Cleveland
For comparison: storefront payday, installment and title lenders in Cleveland with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 201 Keith St SW Ste 5 Cleveland, TN 37311 | (423) 479-2000 | — | 4.9 |
| 2398 McGrady Dr SE Cleveland, TN 37323 | (423) 479-2166 | — | 4.9 |
| 104 Keith St SW Cleveland, TN 37311 | (423) 473-8904 | — | 4.9 |
| 3860 Keith St NW Ste 2 Cleveland, TN 37312 | (423) 559-1809 | — | 5.0 |
| 865 Keith St NW Cleveland, TN 37311 | (423) 479-4138 | — | 4.8 |
| 1695 25th St NW Cleveland, TN 37311 | (423) 438-1417 | — | 4.8 |
| 4460 Frontage Rd NW Cleveland, TN 37312 | (423) 641-0330 | — | 3.1 |
| 300 Paul Huff Pkwy NW Ste 700 Cleveland, TN 37312 | (423) 479-9615 | — | 4.7 |
| 2320 Treasury Dr SE Cleveland, TN 37323 | (423) 478-5353 | — | 4.3 |
| 2524 Keith St NW #1 Cleveland, TN 37312 | (423) 339-0400 | — | 4.9 |
| 808 25th St NW Cleveland, TN 37311 | (423) 339-5878 | — | 4.9 |
Pawn shops near Cleveland
More about Cleveland
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.