Hull Loan System

History

The Hull Loan System was started in Minneapolis in 1939 as a branch of a Des Moines, Iowa firm, Aliber Company, that predated World War I. It was at that time a full service loan company which always had a significant portion of its portfolio in loans collateralized by diamonds. My father, Jim Broberg started working at the Hull Loan System in 1948, after finishing a business degree at the University of Minnesota on the GI Bill. When the last of the 2 Aliber brothers died in 1975, the Aliber estate made the Minneapolis office available to him. He sold his cottage and bought the business. Dad liked the diamond loan and wanted to be a diamond broker. So, since 1975, the Hull Loan System has been a diamond brokerage business, making loans all of which are collateralized by diamonds and diamond jewelry. It is the only type of loan we now make. In 1992, my wife and I bought the Hull Loan System from my Dad and continue to run it to this day. Al Broberg Hull Loan System

Specialties

We make personal loans all of which are collateralized by diamonds. If you own a diamond or piece of diamond jewelry such as an engagement ring, earrings, pendant or bracelet, we can make you a loan based on the value of that diamond jewelry in secondary markets. We are licensed and regulated by the Minnesota Department of Commerce and we have been in business in Minneapolis since 1939.