Letter from the President

Wow, how time flies! Kids are heading back to school and summer is over. This is a great opportunity to sell laptops, music instruments and hopefully a few bikes. Mentioning how time flies may daughter Lauren has left for college after a month of emotions, I have finally accepted that it is now her time to shine and become the young woman I know she can be. I am so proud of her and hope you do not mind as I will give some updates of her experiences and growth. While she is on the other side of the country she is still an asset to Loyalty Pawn. Lauren puts together and creates content for our newsletters, manages our Golden 1 ticket requests and other corporate responsibilities. I feel really old having a daughter in college, ugh. I would also like to wish Lauren a Happy 19th Birthday on September 15th Love You Goose!

Some major victories for the month. Plans back and submitted to the city of Roseville (Yay, finally), we have a time line for the new exterior signage completion of all site surveys was completed August 28th, fabrication is scheduled for 8/30 through 9/14 and installation is set for 9/17 through 9/28. I was really hoping this to be done a while ago but am excited to see the light at the end of the tunnel. Some more exciting news Our Roseville and our West Sacramento locations are staffed and ready to open until 8:00 PM starting September 1, 2018 congratulations and Thank You for the hard work, patience and commitment to the new hours.

One more huge victory, on Friday August 24th our state association California Pawnbrokers Association (CAPA) got word from the Governor’s office that he signed our legislative bill AB1993. This bill reduces the hold time on buys from 30 days to 7 days. We also as an association have set an agenda for next year’s legislation to be a revenue enhancement which will allow us to charge a little more in fees to keep up with the states rapidly grown inflation. As one of the lowest interest income states in the nation a revenue increase would drastically help the financial viability in the state of California. I must not go without mentioning all of the support letters you sent back to me reached the Governor’s desk and always help influence our policy makes when they see support from are communities. We had over 26 submissions for support which was one of the highest number of letters of any pawnshop in the state of California. Thank You to everyone!!! We will be needing more of these letters next year keep an eye out.

Let’s keep the reviews up, and keep CRUSHING our sales and loan numbers and most importantly of all have a FUN and SAFE September

Stan Lukowicz President

“We cannot walk alone.” ~ Martin Luther King Jr.