Letter from the President

Hello Team Loyalty,

June was a really good month for Team Loyalty. We have seen two straight months of great loan growth and our sales were strong in June. Pawn Service Charges should start to help with our revenue in July and definitely in August, so we are in great shape as a company. This is something that every one of you has built. America is reopening and our clients will start coming in more frequently, Yay!!

I have been to see our legislatures this past month and our association is moving bills through our Capitol. I have met with the Senate Pro Tom Atkins, and senators Roth and Portantino, that were great conversations about our industry, and we are working on moving our industry in a positive direction. The National Pawnbrokers Association’s Expo is this month and Loyalty Pawn will represent California at their board meeting. I am excited about that and looking forward to learning what is going on at the national level.

We have a lot going on in our industry, but we are working closely with all the parties that are included at a local, state and national level. We are pawnbrokers and I am proud to be a pawnbroker and hope you are as well.

Gratefully, Stan Lukowicz, III