DENVER, Nov. 16, 2016 /PRNewswire/ -- Pawngo, the first online pawn shop in the U.S., is celebrating its seventh anniversary. Established in 2009, Denver-based Pawngo provides quick borrowing via pawn, or collateral loans to individuals, families and small businesses without worrying about credit disclosures or excessive monthly payments. Since the company's start, Pawngo has reinvented how to get cash quickly and safely through its exclusiveonline loan services while helping people from around the country with their financial needs, said Jim McHose, Pawngo's Founder and CEO. "We're pleased to mark this milestone of our seventh anniversary and we believe that Pawngo and online pawn loans offer a better alternative for many people," said McHose. "Pawngo is fast, trustworthy and secure. You can now get a Pawngo loan from the comfort and privacy of your home. We take pride in getting to know our customers and providing them with great service. We look forward to a continued and promising future at Pawngo." Getting a collateral loan via Pawngo is simple and easy. Customers fill out an online pawn application and an evaluation form to find out the estimated loan value of their assets. Customers review all offers before they are accepted. Pawngo provides customers with prepaid FedEx shipping labels for items accepted for collateral loans. Pawngo can also make funding available within 24 hours after an offer has been accepted. In addition, Pawngo offers its customers automated electronic loan payment, which can eliminate the worry of missing payments. All the costs of the loan are built in and there are no hidden costs or fees. Pawngo has competitive rates, typically significantly less than the traditional brick and mortar pawnbroker. Pawngo is venture-backed by Daylight Partners, Access Venture Partners and Lightbank, the $100 million fund started by the founders of Groupon. Pawngo can offer collateral loans from $500 up to $1 million. Assets accepted by Pawngo include jewelry, loose diamonds, luxury watches, precious metals, cameras and equipment, Apple computers, musical instruments, and designer handbags.