Pawning an item simply means receiving a collateral loan on a valuable piece of merchandise. In the State of Florida, the loan is valid for 30 days. A pawn transaction is a perfect solution to acquiring quick cash with no credit needed. Getting a loan on an item is not only a great way to get cash but can also be useful to keep your merchandise in a safe location while out of town. When in need of cash, pawning valuables is the perfect solution.