Host: There he is, doing his thing. You know, the holiday season is already upon us. If you need some extra money to make it through or perhaps just a loan, there is a way to get what you need with things that you already have. David Goldstein of Biltmore Loan, he can help us out in any situation, and it’s always good to see you.
David: It’s always good to be here.
Host: Here’s the thing that I want everybody to know, it’s because a lot of time, every time you come by, we already know that you are an expert in so many different fields, especially in the jewelry and watches category fine arts. But what a lot of people don’t know is when they come in to see you, you don’t want to own what they’re loaning on. You actually want to help them get through the process and return their precious jewels, and those precious pieces of artwork right back to them.
David: You know, that’s really a valid point. We’re always asked what separates us, what is different about you than a pawn shop, what’s different than you about an auction or consignment store or a bank. First and foremost, what I always like to say is we say yes when the bank says no. I think that’s really important to understand because we are short term lender who tries to get you out of situations, we’re problem solvers. So, because we’re problem solvers, the real big difference is that if you go to a bank, they’re so restricted on what they can loan on…
David: …what they can do, what they can’t do. Pawn shops have much less regulation but we know what that brings and where they go. So, we took the kind of a combination of the bank and the pawn and combine them. So, we’re problem solvers, we’re not loaning to own. I don’t want to loan on your piece whether be a piece of art, a car, a piece of jewelry, whatever it may be and then own it from you because I loan so little and you can pay the interest.
David: What I’m really trying to do is solve a problem for you. So we try to work with people very differently. We think well outside the box.
Host: Well, and here’s what a lot of people may not know when they come across something that they have… I wonder if it’s possible to get a loan on it. That’s another element that you bring to the table because you are an expert in so many different fields. And I just want to give this as an example, you have this piece right here. Now, if I were to come across this, maybe in my safety deposit box, my grandmother’s safety deposit box, I would think hmmm nice custom jewelry. People can bring items like this to you, you can evaluate it, and in your opinion tell them what it is and what it’s worth.
David: As 35 years in the jewelry business and a gemologist, this was a great example. This is the cantons of Switzerland and this is from the 1830s, and she took this from her, this was in her custom jewelry box and we ended up paying $2,000 for this.
David: And the point being is that it’s not just our problem solving, it’s not just our buying indoor loaning, it’s our expertise and whatever it is, if you have a problem, we’re going to try to resolve it for you.
Host: So, in this particular case they did not want a loan on it…
Host: I just wanted to sell it. But…
David: This was in their custom jewelry and they just sold it.