Street credit: dire need often means assuming greater risks.(Who's Who Banking & Finance--Lenders of Last Resort)(pawnshops and loan sharks) From: Los Angeles Business Journal | Date: October 27, 2003| Author: Greenberg, David | COPYRIGHT 2003 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Overview: When your credit rating is already shot and you still owe Uncle A1 for that previous can't-miss business loan, there are always the street lenders.

They come in two basic varieties: pawnshops and loan sharks.

Pawnbrokers are state-regulated, tend to be professionals, and often possess institutional knowledge of the products they accept as collateral. They can be a godsend to those who need cash badly but can't meet a bank's requirement for credit rat...