Small Business Loan

At a glance

  • Small Business Loans available between £1,000 and £25,000. Once agreed, funds can be credited same day. Lending is subject to status

  • Fixed monthly repayments may help to minimise the impact of a large purchase on your day to day cash flow.

  • HSBC current account not required

     

  • Repayment terms of between 12 months and 10 years

  • No charges for additional repayments to your loan, and an option to defer your first repayment for 3 months1

Apply for a Small Business Loan

Apply for a Small Business Loan

Do you have an HSBC Business Current Account?

You can apply now by calling:

0800 587 0644

Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). To help us continually improve our service and in the interests of security, we may monitor and/or record your telephone call.

Textphone 18001 0800 028 3516

Are you new to HSBC?

Please visit your nearest branch to find out more about switching to HSBC

Find a branch

Are you a primary user of HSBC Business Internet Banking?

Log on to apply now, and get your funds the same day that your business loan is agreed.

Log on

If you would like one of our representatives to call you back, simply let us know and we will call you back at your convenience (between 9am and 5pm Monday to Friday UK time).

Request a call back

Important information
Before applying, please read the following carefully, including the 'Your Information' section in the Business Banking Terms and Conditions.

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Check your eligibility

Find out instantly if you're likely to receive the money you need


Start now


Guide to business borrowing

Find out which lending option might be right for you and what you should know before you apply


Find out more

Any questions... ...about business banking?

Ask Andrew

Key benefits

Protect your cash flow from the impact of large purchases with fixed monthly repayments

Offset the interest against your tax liabilities, as with all business finance

Take a payment holiday for the first 3 months of the loan 1

Know where you stand as your interest rate and repayments are fixed for the life of the loan

Apply however it suits you - either online, by phone or in branch

Track your repayments and the outstanding balance using Business Internet Banking

Get your funds the same day that your business loan is agreed

How to get a business loan

This section looks at some of the business loan requirements you will need to fulfil, as well as the factors that we assess when you make an application. Alternatively, you can find out instantly if you are likely to get the money your business is seeking using our Eligibility Checker. If you make an application we will seek to find out about:

You and your business - To gain a full understanding of your business, plus how your skills and experience will help achieve your plans

Personal/business investment - To establish your investment in the business compared to what our investment might be.

Purpose - To know how your planned borrowing fits in with your plans and discuss your finance options.

Amount - To determine if the amount you're applying for is appropriate and help structure your borrowing in the most suitable way

Term - To discuss the time period over which the borrowing is required, helping us assess your finance options and your ability to repay

Repayment - To understand how you intend to repay the borrowing and be confident of your ability to do so (eg from trading profit, cashflow or asset disposal)

  • For a new business this may be set out in a business plan and cash flow forecasts
  • For established businesses this is usually the assessment of the historic trading figures, current turnover, as well as plans and projections

Supporting information

Some of the following may be required to help us assess affordability and your ability to make repayments. The more finance you're applying for, the more information and documents we may need to see. If you'd like to know more, please ask your Business Manager for more details.

Security/assets - To seek some form of appropriate security, such as guarantees, property or other assets that are straightforward to value and realise

Other business interests - To know what other commitments you or your management team has, so we can assess how much attention and focus the business will have

Cash flow forecast and business plans - To demonstrate your ability to think logically about your business strategy and business model

Management accounts and historic accounts - To see evidence of past financial performance (not applicable to start-ups)

Business Loan Rates and Charges

Loan size 
The minimum loan size is £1,000 and the maximum is £25,000.

Loan term
The minimum loan term is 12 months and the maximum is 10 years.

Interest rate
The interest rate is fixed for the term of the loan and agreed at the outset. Interest is charged throughout the full loan and any month when a repayment is not made.

Arrangement fee
A competitive arrangement fee of £100 is payable at the start of the loan.

3-month payment holiday
A 3-month repayment holiday is available at the start of the loan. If this option is taken, interest is charged throughout the 3-month period, meaning the amount of interest you pay will be higher.

Early repayment charge
Under the Consumer Credit (Early Settlement) Regulations, if the loan is repaid early the bank is entitled to deduct interest of 1 calendar month and 28 days. This is automatically included in the calculation of the rebate of interest to give the loan settlement figure.

Important information

1Interest is charged throughout the full loan, including the deferred period if this option is taken, and any month when a repayment is not made. This means that the amount of interest paid will be higher. The three-month repayment holiday must be taken at the start of the loan.

Apply for a Small Business Loan

Check your eligibility

Find out instantly if you're likely to receive the money you need


Start now


Guide to business borrowing

Find out which lending option might be right for you and what you should know before you apply


Find out more

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