A pawnbroker/pawnshop is an individual or business that offers secured loans to people, with items of personal property used as collateral. The items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral.
, an ann arbor based startup, is a web-based desktop platform
that connects users to various pawnshops in their local areas to access quick credit. A customer puts in a request to sell/pawn an item that reaches the various nearby pawnshops via pawnguru's platform.