Hight Interest rate at financial

A soft loan is a repayable loan that is offered on more attractive terms than would be available from a commercial lender or to a business that would not be able to access a commercial loan.

Soft loans are similar to repayable grants. However, this does not necessarily mean they are interest free or even low interest. These loans are generally available to businesses that are unable to access loans from conventional sources (banks). They do not generally require security, although they may require some personal financial commitment from the business owners. Because the business risk profile is often high, the interest rate charged is often relatively high.

source : http://www.financesoutheast.com/guidetofinance/index.aspx?id=146
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