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Midwest Exchange

5.0 (2) 2
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Reviews
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Jack Robinson
Jun 22, 2023
Fantastic customer service! I was pleasantly surprised by the wide range of items they have for sale. Will definitely return for future purchases!
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Michael T.
Jul 22, 2023
I had a great experience at Midwest Exchange. They offered me a fair price on my items, and the customer service was excellent. I'll be returning for sure!
Frequently asked questions
help_outline What is a pawnshop?
A pawnshop issues quick small and/or short-term loans based on your collateral with no credit checks. Customers can also sell their new or used items for cash.
help_outline Why would a person use a pawnshop for a loan?
Pawnshops provide a fast, convenient, and confidential way to borrow money without a credit history check.
help_outline How does a pawn loan work?
Loans are determined by the value of your collateral, not your credit score, and typically last for 30 days with a possible 30-day grace period.
help_outline What are the charges/interest on a pawn loan?
In Illinois, total charges for pawn loans cannot exceed 20% per month, inclusive of finance and storage fees.
help_outline Can I buy/sell/pawn a gun?
Yes, Midwest Exchange is licensed to transact firearms, along with related items like ammo and scopes.
help_outline How do you determine the worth of my collateral?
The loan amount is based on the item's condition, marketability, and current value, assessed through in-depth research.
help_outline Are pawnshops regulated?
Yes, they are regulated at both state and federal levels, adhering to laws that protect consumers.
help_outline How many pawning customers lose their merchandise?
Approximately 70 to 80 percent of pawn loans are repaid, allowing customers to reclaim their items.
5.0
23 reviews

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Business History

Established in 2010 • 13 years in business
Midwest Exchange has been operating since 2010, serving the Bloomington-Normal area with reliable pawn services.

What We Offer

Financial Services

Pawn Loans
Quick loans based on the value of collateral items without any credit check required.

Appraisals

Jewelry Appraisal
Professional appraisal services for jewelry, including precious metal testing and diamond evaluations.

Firearms

Gun Sales and Loans
Licensed to buy, sell, trade and loan on firearms and related accessories.

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