Parker Pawn & Jewelry, a company based in Fayetteville since 1955, is expanding its services. 

Now, it plans to offer instant loans and high-value jewelry trading services across the state. 

With the expansion, customers of the pawn shop will be able to buy and sell items as well as take out instant loans from $20 to $100,000 at interest rates between five and 20 percent. 

These services will be available at multiple local locations, including the Owen Drive and Yadkin Road locations in Fayetteville and the Lillington Highway location in Spring Lake. 

People who take advantage of the new service can keep track of their loans and make payments through an app. 

Parker Pawn & Jewelry’s pawn services uses an online system that compares auction prices, in-store quotes and online prices so that quotes can be accurate and fair. 

A spokesperson said, “Whether you are selling, getting a loan, or looking to buy our high-quality merchandise, we are ready and willing to meet your needs. We work with our customers to ensure they get the best offer, even if their credit score is not where they would like it to be. No deal is too big for us.”