Pawn shops are businesses that offer loans in exchange for personal items as collateral. Customers bring in items like jewelry, electronics, or musical instruments, and the pawn shop assesses their value. If the customer agrees to the loan terms, they receive cash and have a set period to repay the loan to reclaim their item. If the loan is not repaid, the pawn shop can sell the item to recover its costs. This process allows people to access quick cash without a credit check. Pawn shops also sell items that have been forfeited, providing affordable options for shoppers looking for second-hand goods.