Welcome to Hull Loan System, a diamond brokerage business engaged in making loans on diamond jewelry as fast and simple as pawning a diamond, but better in every way. The Hull Loan System makes loans to individuals, all of which are collateralized by diamond jewelry. We have been in the diamond brokerage business in Minneapolis since 1939.
Our loans have the added benefit of being totally private. We report to no credit agency and we do no credit checks. If you own a diamond or piece of diamond jewelry, we can make a loan to you based on the value of the diamond in secondary markets. We hold the diamond jewelry in our possession as collateral and security on the loan.
Our loans have the added benefit of being totally private. We report to no credit agency and we do no credit checks. If you own a diamond or piece of diamond jewelry, we can make a loan to you based on the value of the diamond in secondary markets. We hold the diamond jewelry in our possession as collateral and security on the loan.
Services
The Hull Loan System has been in business since 1939 in Minneapolis, Minnesota. It was opened in that year as a branch office of a Des Moines, Iowa firm (Aliber and Company) which predates World War I. It was originally intended to be what it is today: a diamond brokerage business, making loans on diamonds and selling them.
All of the loans we make are collateralized by diamonds or diamond jewelry. Diamond loans are the only type of loan we make. That means that if you are able to use your diamonds or diamond jewelry as collateral, we are able to make a loan to you. Since most of our customers are individuals, the diamonds tendered are usually mounted in rings, pendants, earrings or bracelets.
Our most direct competitor is the diamond pawn shop. When most people think about using their diamond jewelry to obtain cash, they think of it as a pawn. But the regulated loans on diamond jewelry we make at the Hull Loan System are better than pawning diamonds in every way. First, we charge MUCH lower interest rates.
Reviews (2)
Lisa Marie Doerr Hayes-Stich
Aug 04, 2018
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Janine Marie Max
Feb 16, 2016
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I have had the tremendous fortune to have worked with Hull Loan System since 1983, back when they were still in the historic Foshay Tower. Jim, then AL Broberg have always been accommodating, fair, professional and have taught me so much about the diamond business. Thank you so much for 30+ years of excellence!
