Frequently Asked Questions

To get a cash loan you must be over the age of 18 and have a valid state issued photo ID or passport and have an item you’re willing to leave with us as collateral. We’ll assess the item or items loan potential based upon it’s value, condition, and resale potential if you don’t come back for it. Loans are good for 120 days (four months) and you’ll be charged a monthly interest and storage fee.

A pawn loan uses collateral instead of a credit rating. This type of loan is quick and easy because it doesn’t require a credit check, bank account, or a co-signer.
We are a licensed FFL dealer and do background checks for all gun purchases at our three locations in Bloomington and Bedford. We can only ship to other licensed FFL dealers from whom we will require a copy of their license. Most gun dealers will be happy to accept a transfer for you usually for a small fee. Please beware of your own state's laws before considering a purchase of a fire-arm from Ace Pawnshop.
All items available online both at and our eBay auctions can be picked up at one of our three locations. Most items are at our Downtown Bloomington location, but contact us to make sure and check hours prior to pickup.
Yes, we do. Our zero interest layways require an initial payment that is 10% or more of the item or items price. The layaway is then good for up to 6 months. All that is required is that you make a minimum of one payment every month to keep your account active.
Layaway is a great way to secure that item for yourself when you can't afford to buy the item right now. It's also the perfect way to plan ahead for holidays, birthdays, anniversaries,engagements, etc...
If you have an item you simply don’t want, sell it to us. We’d be more than happy to look at your item or items and offer a free, no obligation to sell, offer. We offer cash on the spot. You must be over the age of 18 and have a valid state issued photo ID or passport.

We’re always buying video game consoles, newer computers and electronics, firearms, gold and silver, power tools, musical instruments, etc…. If we think we can resell your item we will be glad to take it off your hands.

Just remember to bring any accessories needed to operate the item, if applicable. I.E. remote controls, video game console hook ups and controllers, power cords, chargers and batteries, etc…and also make sure the batteries are charged at least to 75% or more.