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To get a pawn loan, you go to a pawnshop with something you own that you’re willing to leave as collateral. Items you can pawn vary by store and location and may include jewelry, firearms, electronics, collectibles, tools and musical instruments.

The staff assesses the item’s value, condition and resale potential, then decides whether to offer a loan.

Nolo.com, a website that answers legal questions, estimates pawnshops will lend you about 25% to 60% of resale value. Quotes can vary substantially, so compare offers from multiple pawnshops to find the best one.

Because you’re leaving collateral with the lender, a pawn loan doesn’t require a credit check, but you must be 18 years or older and show proof of your identity. Pawnshops are in regular contact with law enforcement to avoid dealing in stolen goods, so the shop may require proof of purchase or ownership of the item.

If you accept a loan, you walk away with the cash and a pawn ticket, which you’ll need to get your item back. You can take a photo of the ticket as backup in case you lose it.