F & I Pawn Shop in Denison has been going strong despite a weak economy, yet a senate bill could put them out of business.      

Manager Cindy Kuneman says Senate Bill 500 focuses on regulating payday loans, but they're affected because they've been clustered under the same umbrella.     

"If you bundle us up with what they're going after with pay day loans, it'll affect everybody, not only us, but person who needs to borrow money."    

Collateral based loans from pawn shops are helping millions of people nationwide make ends meet. If passed the bill would cap loans at a 36% interest rate.     

"You can't operate at 36%. You can't operate on $100 loan and all you get is $3."     

$3 instead of the $20 they get now for the service.     

Kuneman says they loan anywhere from $5 to $10,000, and currently have well over 100 items held as collateral, but if the new bill passes the interest they make on the loans simply wouldn't be enough to keep the doors open.

The bill would also impact bank loans.     

Vanessa Bolano, KTEN News.