Pawnbroker

Pawnshops in Minneapolis must have a license.

Definition

A pawnbroker or pawnshop is a business that:

  • Lends money with personal property used as collateral
  • Lends money in exchange for a mortgage on personal property
  • Buys personal property with the intent of selling it back again 
  • Sells personal property on consignment 
business sign for pawnbroker

Before you begin

See How to open a new business

Requirement

You must provide a surety bond with your application. 

See Minneapolis $5,000 bond

Application

See Pawnshop Application

A Personal Information Form must be completed by the applicant, manager(s) and each person who owns 5% or more. Publicly traded corporations do not need to complete this for owners.

See Personal Information Form

Fee

Find your license fee

Submit your application

Submit your application to Business Licenses & Consumer Services

If you have questions, contact:

cash, gold jewelry and camera

Lost or stolen items at pawnshops

When people report property as stolen or lost, the Police Department looks for matches at pawnshops.
Find lost or stolen items

More information

Complaints

Report concerns about a business

Disclaimer

The information on this page should serve only as guidelines. 

Request accessible format

If you need help with this information, please email 311, or call 311 or 612-673-3000.

Please tell us what format you need. It will help us if you say what assistive technology you use.

Contact us

Business Licenses & Consumer Services

Community Planning & Economic Development

Email Business Licenses

Phone

612-673-2080

Fax

612-673-3399

Address

Public Service Building 
505 Fourth Ave. S., Room 220
Minneapolis, MN 55415

 

Minneapolis 311

 
 

Email Minneapolis 311

 
 

Phone

311 or 612-673-3000

TTY

612-263-6850

 

Office hours

7 a.m. – 7 p.m.
Monday – Friday