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business elite canada
H
OCTOBER 2015
Every staff member is taking courses to
become a more skilled employee, said
Strasser.
Q: How does the loans component of your
company help the community?
When clients cannot borrow from a bank,
they are able to secure funds from Pre-
mier by using jewellery, electronics, and
guitars as collateral. Traditional pawn loans
were for smaller values but recent eco-
nomic downturns have the company fund-
ing several businesses and high value cli-
ents. Many people find themselves asset
rich but cash flow poor. After obtaining the
funds they need, the client can opt to re-
pay their pawn loan or let Premier sell the
item to settle the debt. One of the advan-
tages of pawning is that it is fast, confi-
dential and does not appear on (or affect)
credit reports, said Strasser.
Strasser said they have helped a client buy
their first home by pawning their vintage
guitar collection, bankrolled a business so
they could pay their staff and helped a sin-
gle mother with child-care expenses after
a divorce. Perhaps the most memorable
event was financing specialty medical care
at an American clinic to help save some-
