The primary offering is a traditional loan at 6% which may be accompanied by professional support and grant funding where appropriate.

Interest rates on these loans are considerably higher than traditional loans and may range from 12% to 18%, with points sometimes being required as well.

At the same time, Japanese corporations are increasingly eager to raise money through stock and bond offerings rather than by taking out traditional loans.

In some locations, Hope International offers traditional loans and savings services.

Banks do not recognize lawsuits as assets when determining an individual's qualification for a traditional loan.

The rate is generally one percentage point higher than a traditional loan, he said.

With a traditional loan, or second mortgage, a borrower takes out a lump sum for a set term.

If you are short of cash, avoid both of these loans by asking for more time to pay a bill or seeking a traditional loan.

Moore was aware that the majority of business owners do not have the collateral or credit score to qualify for a traditional loan.

Now yet another alternative has emerged that allows owners to extract cash from their homes without having to take out a traditional loan.