Why Small Businesses Matter in Norwalk: A Yankee Peddler & Loan

Why Small Businesses Matter

Shop small, do big things for your community

Why Small Businesses Matter puts a spotlight on the local merchants who donate their time, talent, goods, and services for the betterment of our community. The shop local movement spreads virally as local businesses who are “tagged” have the opportunity to share their story.

You're IT A Yankee Peddler & Loan!

Three questions with Alex  De Lucia, owner of A Yankee Peddler & Loan.

Why did you start your business?

I started my business because the municipality lacked a licensed pawn shop. People who wanted to leverage their jewelry for liquidity were compelled to sell to a local buyer without recourse to reacquiring their goods.  I felt the pawn shop model, which allows people to recover their goods when their fortunes changed, would prove to be a successful enterprise and provide a unique and badly needed service. 

Finish this sentence in regard to your business: I wish I could...

I wish I could let people know that most of their negative expectations about a pawn shop are based on a Hollywood stereotype and lack foundation.  The single most sought after service is the advance of money tied to a contract allowing people the opportunity to reacquire their items for a modest premium. 

Do you use any local businesses to support your business?

We use Bank of America, and Wells Fargo Bank, Insurance Solutions out of Stamford, Hillview Realty, Evolution Air, DBI Development, and Juan Garcia Landscaping.

A Yankee Peddler & Loan is located at 212 Main Street in Norwalk. Visit them online here.

HamletHub thanks Fairfield County Bank for making our Why Small Businesses Matter series possible!