Pawnshops or pawnbrokers are present in Tooele. These places offer secured loans to people in exchange of personal property such as jewelry, electronics and tools. The pawshop owner or manager assesses the items, determines its value, and that in turn helps determine the amount of loan that can be given. The item or property is left in the shop as a form of collateral. The person can also sell the item outright. The creditor can come back and take the item back after paying back the loan plus interest, but if he does not, the owner can sell the items at prices he can independently determine. A pawnbroker may also trade goods and sell brand new items apart from his main activity. Pawning an item yields an immediate cash return, which can be helpful in the short term. Pawnbrokers are experienced people who can accurately determine the value of the item, and offer loans within that amount. Of course, he also makes a profit, either in the form of interest, or resale of the item.