Today we finance a number of industries that significantly contribute to greenhouse gas emissions. We have a strategy to help our customers to reduce their emissions and to reduce our own. For more information visit https://www.hsbc.com/who-we-are/our-climate-strategy
Lending
HSBC Go Greener SME Reward
Check your eligibility for the HSBC Go Greener SME Reward
Designed to make investing in sustainable solutions more accessible and rewarding for businesses
Key Benefits
Get 1% cashback on a business loan
The 1% cashback may be available to customers at drawdown who can evidence that at least of 90% of their term loan will be used for an eligible activity in the HSBC Go Greener SME Reward Eligibility Guide.
The cashback payment is calculated as 1% of the total facility limit.
Lending is subject to credit status.
Open to UK SMEs with a group annual turnover <£25m
Loans start from £25,001 with a maximum potential loan value of £300,000.
Products available through the reward include: Commercial Business Loan, Growth Guarantee Scheme, Flexible Business Loan, Commercial Mortgage, Property Development Loan (please contact us for further information)
Asset Finance including: “Hire Purchase, Finance Lease and Asset Lease
Terms & Conditions
90% of the loan proceeds must be applied in alignment to one of the categories in our HSBC Go Greener SME Reward Eligibility Guide.
The 1% cashback does not have to be used towards an eligible purpose.
Eligibility criteria and T & Cs apply
1. Eligible Activities. Please review the HSBC Go Greener SME Reward Eligibility Guide for further details on the eligible activities.
Renewable energy
Energy efficiency
Natural resources
Clean transportation
Waste management
Climate change adapation
Eco-efficient and/or circular economy
Sustainable Buildings
Sustainable water and wastewater management
2. Evidence Required. You will need to provide one or more of the following evidence, which is subject to approval, to participate in the HSBC Go Greener SME Reward cashback
Invoice/Pro-Forma Invoice
Purchase Order
Project report/certification
Confirmation of intent to purchase from the supplier
Check your eligibility
Find out more details about the eligible activities in our Go Greener SME Reward Eligibility Guide
Cashback calculation
If you are eligible for a cashback payment, it will be in an amount equal to 1% of the eligible facility limit
Here are some examples of how the cashback payment calculation will work. Please note: if 90% of the loan is not applied towards eligible purposes then no cashback is payable.
Cashback calculation example one
A self-employed electrician working in London would like to borrow £30,000 to purchase an electric van. This will enable them to drive an efficient vehicle and reduce costs through congestion charge areas and ultra-low emission charges. They would like to use the HSBC UK Go Greener SME Reward to access the cashback. As more than 90% of the loan will be used for eligible activity and the customer provides purchase order as evidence, the cashback will be paid upon drawdown.
Cashback calculation example two
A company looking to retrofit solar panels to production facilities to support the generation of renewable energy will cost £10,000 and upgrading vehicles to fully electric will cost £120,000. Total approved loan £130,000. As at least 90% of the loan was used for eligible purposes they will receive a cashback payment on the total facility limit which equates to £1,300.
Important information
How to apply?
Please speak to your Relationship Manager or if you’re new to HSBC, you can call us now on 03457 606060.
Our Business Telephone Banking lines are open Monday to Friday, 8:00am to 8:00pm and Saturday, 8:00am to 2:00pm (subject to change over certain periods). To help us continually improve our service, and in the interests of security, we may monitor and/or record your conversation with us. For other accessible ways to contact us, please visit: business.hsbc.uk/accessibility.
