Any person wishing to operate as a pawnbroker in a Wisconsin municipality Required when: Applying for a pawnbroker's license from a municipal governing body
Overview
What it is.
Any person wishing to operate as a pawnbroker in a Wisconsin municipality Required when: Applying for a pawnbroker's license from a municipal governing body
Who usually needs it
Any person wishing to operate as a pawnbroker in a Wisconsin municipality
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateWIBond amount$500Term lengthAnnualObligeeGoverning body of the municipality (City, Village, or Town)RenewalThe bond must be maintained and provided to the municipal clerk during the annual license renewal process; licenses are valid from January 1 until December 31Bond classLicense BondCategoryGovernmentBondPawnbroker's BondStatutory referenceWis. Stat. § 134.71(7)(a)2JurisdictionState
