*1 You can elect to receive a Business Interruption Payment (BIP) from the UK Government to cover the amount of your loan security fees and your first 12 months of interest payments. If you elect to receive a BIP, this will be paid directly to HSBC by the UK Government.
*2 Subject to status, capital repayment holiday can be extended up to 24 months during the life of the loan.
*3 All loans are subject to status. Terms and conditions apply. Further eligibility criteria may apply.
*4 The following trades and organisations are not eligible to apply: Banks, Building Societies, Insurers and Reinsurers (but not insurance brokers); The public sector including state funded primary and secondary schools.
*5 If you default on your loan, we will look to realise all other available collateral provided to support your loan before we make a demand on any personal guarantee. The maximum we would then seek to recover under any personal guarantee will be limited to 20% of the amount of your loan that remains outstanding after the proceeds of all other available collateral have been applied.
*6 Eligible purposes are Short Term Working Capital; Starting up trading in the UK; Expanding an existing business within the UK; Buying a business (including goodwill) in the UK; Purchase of equipment; Purchase / lease of property; Developing a project; Additional Research and Development (business must carry out a commercial activity).
*7 Fishery, aquaculture and agriculture businesses may not qualify for the full interest and fee payment.
*8 Lines are open 8am to 6pm Monday to Friday (except public holidays). To help us continually improve our service and in the interests of security we may monitor and/ or record your communications with us.