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Enterprise Finance Guarantee

Product no longer available for new loans, as of 23rd March 2020. Enterprise Finance Guaranteed Loans support business customers where lack of security prevented borrowing.

At a glance

Originally available for sums between £25,001 and £1,200,0001

Flexible repayment terms between three months and ten years

Individually negotiated interest rates and fees

Variable or fixed rate loans

No requirement to open or maintain an HSBC Business Current Account unless a debenture or fixed charge over book and other debts is held

  1. You are liable for repaying 100% of the loan and HSBC will always seek to recover the outstanding balance from you and any security taken under the loan. If HSBC cannot recover all funds, the Government provides a partial guarantee to HSBC to cover the lack of available security.
  2. An additional premium (equivalent to 2% per year) is payable once a quarter to the Department for Business, Innovation and Skills. This is in addition to any regular capital, interest, and arrangement fee payments that you make to HSBC.
  3. You are responsible for ensuring that you do not exceed the €200,0002 threshold for European Community State Aid, as a result of taking out an EFG.

Important information

To be deleted

Read more about this scheme. Applications for new Enterprise Finance Guarantee Loans are not available

The Standards of Lending Practice for Business customers

Find out what you can expect when you borrow from HSBC

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