A pawn broker is a professional who offers loans to individuals in exchange for personal items as collateral. These items can include jewelry, electronics, and musical instruments. If the borrower fails to repay the loan within a specified time, the pawn broker has the right to sell the item to recover the loan amount. Pawn brokers operate pawn shops, which are businesses that facilitate these transactions. They assess the value of the items brought in and determine the loan amount based on that value. This service provides a quick way for people to access cash without needing a credit check or lengthy approval process.