Small Business Loan

We’re currently matching competitor rates on business loans; see below for more information and how to switch your loan to us

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

  • We'll match the interest rate on your competitor loan or offer*

    *Subject to documentary evidence. Other Rate Match T&Cs apply (see below)

  • 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

To qualify for the Rate Match Promotion, contact us through Business Telephone Banking on 03475 60 60 60* or visit your local branch. Online applications will not qualify for the Rate Match Promotion.

 

*Lines open from 8am to 10pm everyday. For training purposes and in the interest of security, all calls may be recorded and monitored.

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)

Rate Match Promotion

General Terms and Conditions

  • The Rate Match Promotion is applicable to the HSBC Small Business Loan – fixed rate loans between GBP1,000 and GBP25,000 – and the HSBC Business Overdraft – formally arranged overdrafts up to GBP25,000 – from 20 June 2016 to 31 October 2016.
  • HSBC reserves the right to extend the Promotion period beyond 31 October 2016 due to exceptional circumstances, alter or amend the Rate Match Promotion Terms and Conditions and withdraw the Promotion at any time without prior notice.
  • All other HSBC eligibility criteria, terms and conditions, rates and fees, key features documents (where applicable) and any other literature issued during the application process for an HSBC Small Business Loan and/or an HSBC (formal) Business Overdraft will continue to apply and the Rate Match Promotion Terms and Conditions will apply in addition.  If the features of your loan differ from what is described in any of this literature, the Rate Match Promotion Terms and Conditions will apply.
  • Each of the Rate Match Promotion Terms and Conditions need to be met to qualify for the Promotion.
  • You need to request your HSBC Small Business Loan or HSBC Business Overdraft through: the Business Telephone Bank from 8am – 10 pm everyday on 03475 60 60 60 (UK), +44 1226 260 878 (Overseas) or 0345 7125 563 (UK Textphone); or one of our local branches (click here to find your local branch). Please note that online applications for an HSBC Small Business Loan or an HSBC Business Overdraft may be made, but they will not qualify for the Rate Match Promotion. For training purposes and in the interest of security, all calls may be recorded and monitored.
  • You must provide written evidence of the competitor – any non-HSBC lender in the United Kingdom (excluding the Channel Islands and the Isle of Man) – existing fixed rate business loan or existing formally arranged business overdraft offer or terms. A photocopy of the agreement or offer is satisfactory, and the evidence will be recorded in your file.
  • We need to have received a completed application between 20 June 2016 and 31 October 2016 to qualify for this Promotion. A facility letter will follow a successful application for credit, which is subject to status.
  • We reserve the right to refuse any application for a product or service.
  • Applicants must be aged 18 or over.
  • By applying for the Rate Match Promotion you agree to be bound by the Rate Match Promotion Terms and Conditions.
  • "We" means HSBC Bank plc. HSBC Bank plc, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (our firm reference number is 114216) regulated by the Jersey Financial Services Commission for Banking, General Insurance Mediation and Investment Business licensed by the Guernsey Financial Services Commission for Banking, Insurance, Collective Investment Schemes and Investment Business licensed by the Isle of Man Financial Services Authority.
  • HSBC Bank plc is a company incorporated under the laws of England and Wales with company registration number 14259 and its registered office at 8 Canada Square, London E14 5HQ. HSBC Bank plc's registered VAT Number is GB 365684514.
  • Financial services complaints we cannot settle may be referred to the Financial Ombudsman Service. Please ask us about the areas of our business covered by the Financial Ombudsman Service. HSBC Bank plc subscribes to the Lending Code. More detail about this is available on the Lending Standards Board website. For information about accounts and other products you can refer to the Money Advice Service section on the FCA website.

Rate Match Promotion Terms and Conditions - HSBC Small Business Loan

  • The Promotion applies to an existing fixed rate business loan or an existing offer for a fixed rate business loan, and is dependent upon a successful application for lending (subject to status).
  • We will match: (i) the competitor’s fixed interest rate; (ii) the amount outstanding; and (iii) the term remaining. Please note that the loan’s outstanding term must be between 12 months and 10 years and the outstanding amount must be between GBP1,000 and GBP25,000, as per the features of HSBC’s Small Business Loan. More information on the HSBC Small Business Loan can be found here.
  • Additional fees (e.g. arrangement, personal guarantee, security) may be payable by you to HSBC. To learn if any of these fees would apply in your case, please refer to our Business Banking Price List here.

 

 

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

To qualify for the Rate Match Promotion, contact us through Business Telephone Banking on 03475 60 60 60* or visit your local branch. Online applications will not qualify for the Rate Match Promotion.

 

*Lines open from 8am to 10pm everyday. For training purposes and in the interest of security, all calls may be recorded and monitored.

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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