"I do have experience to compare... I have received excellent advice as well as excellent service. Wouldn't it be nice if other lending institutions placed such a high value on customer service?"
- Patrice M.
The shop, originally called the New York Store, was founded in 1909 by twin brothers William and Joe Anapolsky. Located at 1014 3rd Street, it sold basic merchandise and popular items of the day, such as clothing, shoes, watches, jewelry, diamonds, guns, suit cases, trunks, optical goods, and musical instruments.
The business remained the same until the early 1940s when they began to make collateral loans. In 1947, the family changed the store’s name to California Clothing & Jewelry and in 1949 moved it to 409 K Street. A few years later the name changed again – to the current California Loan & Jewelry Co. To keep pace with the city’s growth to the east, the store changed locations several times. In 1959 the store moved to 511 K Street and in 1962, it moved again, to 607 J Street. In 1968, California Loan & Jewelry moved into a completely remodeled building at 916 J Street, where it remains today.
In the 1980s California Loan & Jewelry underwent significant changes in its business philosophy. The loan portfolio grew tremendously by making more loans and larger loans. Retail sales also increased. They were able to turn over merchandise more quickly by selling directly to other dealers. And they found scrap dealers willing to buy jewelry that was otherwise considered unsellable. In 1980 California Loan & Jewelry became the first pawn shop in Sacramento to computerize its entire loan department.
1999 was another pivotal year for the business. The family acquired the building next door at 912 J Street. They remodeled the building and started Advance Check Cashing, which specializes in check cashing, payday advances, money orders, sending and receiving Western Union messages, and renting mail boxes. In 2005 Warren and Larry opened a third business inside California Loan & Jewelry. Called Car Equity Loans, it makes loans to individuals based on the equity of their vehicles. The store was again remodeled to accommodate the operation, which has been going strong since its inception.
Warren and Larry are very proud to be the third generation of Anapolsky brothers to own and operate California Loan & Jewelry. They adhere to the same philosophy used over 100 years ago: to conduct business with the highest integrity and treat customers the way that they would want to be treated. And they’re confident those principles will carry the business forward for another 100 years.
As many of you know Larry Anapolsky, my brother and co-owner of California Loan & Jewelry, passed away November 17 after a lengthy battle with pancreatic cancer. On behalf of myself, Larry's wife Kathy, daughters Michelle and Shawna, sister Ellyce - and the entire staff of California Loan & Jewelry - I want to thank everyone for your prayers and expressions of concern and sadness.
For me, the loss is especially devastating because in addition to being my brother, Larry was my close friend and business partner for over 40 years.
California Loan & Jewelry will never be the same without Larry but we will continue to make customers our top priority. Larry's greatest contribution to the business may have been his ability to keep us one step ahead of the competition. But just as important was the way Larry treated customers.
All our customers should know that Larry cared personally for so many of you and it made him so happy to help make a difference whenever possible. Today, we adhere to the same business philosophy on which the store was founded in 1909: Treat people fairly, honestly and have the highest integrity possible. That philosophy continues to keep loyal customers coming back generation after generation.
Larry was a leader in our industry and many of his innovations can be credited for growing our business. For example, we were among the first in our industry to use computers to write and redeem loans, as well as send notices. He was also the driving force behind our expansion - first into the check cashing business in 1999, then opening Car Equity Loans, a car title loan business, in 2005.
Larry was a native Sacramentan. He was born here on August 8, 1950 to Sol and Bernice Anapolsky, the youngest of three children. He graduated from C.K. McClatchy High School and became very civic-minded, including membership in the 20-30 Club and Rotary.
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