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 Spokane, WA
12 pawn shops in and around Spokane — 3.1 per 100,000 residents, compared with 1.8 across Washington. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Spokane ranks #11 of 24 Washington cities with pawn shops by shops per resident.
- Pawn shops
- 12
- Pawn shops per 100k
- 3.1
- Washington: 1.8
- Big-chain shops
- 0
- Payday & loan stores
- 8
- Population
- 389,529
Pawn shops in Spokane: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| American Pawn & Gun | 8111 E Sprague Ave Spokane, WA 99212 | (509) 926-9898 | americanpawngun.com |
| Axels Pawnshop | 3301 E Sprague Ave Spokane, WA 99202 | (509) 535-2251 | axels.com |
| Double Eagle Pawn | 315 E Francis Ave Spokane, WA 99208 | (509) 487-1644 | doubleeaglepawn.com |
| Double Eagle Pawn Shop | 3030 E Sprague Ave Spokane, WA 99202 | (509) 535-1644 | doubleeaglepawn.com |
| Hock Shoppe | 9315 E Trent Ave Spokane, WA 99206 | (509) 598-8339 | yeoldehockshoppe.com |
| Millman Jewelers E-z Loan | 407 W Main Ave Spokane, WA 99201 | (509) 624-7810 | — |
| Northwest Pawn & Collector Arms | 818 N Pines Rd Spokane Valley, WA 99206 | (509) 891-0990 | nwpawnandcollectorarms.com |
| Pawn 1 | 11812 E Sprague Ave Spokane Valley, WA 99206 | (509) 927-8888 | pawn1.com |
| Pawn 1 | 3023 E Sprague Ave Spokane, WA 99202 | (509) 462-8888 | pawn1.com |
| Pawn 1 | 8014 N Division St Spokane, WA 99208 | (509) 487-8888 | pawn1.com |
| Pawn 1 Hillyard | 3705 N Market St Spokane, WA 99207 | (509) 484-8888 | pawn1.com |
| Pawn 1 Monroe St | 3220 N Monroe St Spokane, WA 99205 | (509) 340-8888 | pawn1.com |
Pawn shops vs payday loan stores in Spokane
Spokane has 12 pawn shops and 8 payday, installment and title loan stores.
Pawn shops
12
3.1 per 100k residents
Payday & loan stores
8
2.1 per 100k residents
5 store chains
Biggest loan store chains in Spokane: Lendmark Financial Services (2), Moneytree (2), OneMain Financial (2), Mariner Finance (1), loanDepot (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~390% 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 Spokane
- 2.5%
- Pawn cost, share of monthly household income in Spokane
- 1.6%
- A $400 emergency equals
- 2.0 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Washington payday rules are not set in dollars or payday loans are not allowed). Pawn: an example rate of 20% a month; pawn fees and interest are set by Washington 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.
Pawn loan vs payday loan: the key differences
| Pawn loan | Payday loan in WA | |
|---|---|---|
| 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 Washington | Pawnbrokers are licensed and regulated by Washington; fees, terms and holding periods are set by state law | Allowed, up to $700 or 30% of income; typical APR ~390% |
Spokane at a glance
- Median household income
- $73,015
- Washington: $100,769
- Poverty rate
- 13.0%
- Washington: 10.0%
- Households under $25,000
- 15.1%
- Washington: 11.2%
- A $400 emergency equals
- 2.0 days of income
Payday and installment loan stores in Spokane
For comparison: storefront payday, installment and title lenders in Spokane with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 4902 E Sprague Ave C Spokane Valley, WA 99212 | (509) 299-8280 | — | 3.9 |
| 515 W Francis Ave #4 Spokane, WA 99205 | (509) 328-4064 | — | 4.4 |
| 12510 E Sprague Ave #8 Spokane, WA 99216 | (509) 926-2000 | — | 4.7 |
| 4516 N Division St Spokane, WA 99207 | (509) 489-5000 | — | 4.7 |
| 300 N Mullan Rd #103 Spokane Valley, WA 99206 | (509) 928-9442 | — | 4.0 |
| 9107 N Country Homes Blvd #12 Spokane, WA 99218 | (509) 467-6513 | — | 3.6 |
| 521 E Holland Ave Ste 70 Spokane, WA 99218 | (509) 606-2190 | — | 4.7 |
| 111 W North River Dr #100 Spokane, WA 99201 | (574) 282-2761 | — | 4.6 |
Pawn shops near Spokane
More about Spokane
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.