Federal Pawn Brokers is a collateral loan company that makes loans on your personal property. The personal property you give the pawnshop is called a "pawn" or "loan". These loans will be held by Federal Pawn Brokers, Inc. up to five months. At that point, the customer can redeem the loan or renew the loan for another 5 months. All loans that are not redeemed or renewed will be sold. FederalPawn Brokers has a 95% redemption rate, which proves most people redeem or renew their loans. Federal Pawn Brokers is in the business of keeping its customers, not losing them.