Small Business Loans available from between £1,000 and £25,000 with repayment terms of between 12 months and 10 years.
11.3% Representative APR for loans up to and including £10,000.
8.6% Representative APR for loans over £10,000.
See ‘Representative Examples’ under the ‘Important Information’ section below.
The Representative APR can change. The lending amount and rate offered is subject to credit status and confirmed after a full application is assessed. Terms and conditions apply.
The interest rate is fixed for the term of the loan and agreed at the outset. Interest is charged throughout the full loan including any month when a repayment is not made. No arrangement fee. Repayments to be made by Direct Debit.
Missed repayments can affect your credit rating.
No requirement to open or maintain an HSBC Business Current Account unless a debenture or fixed charge over book and other debts is required
Security may be required – each case is considered on its individual merits. If security is required, an administration fee will be payable.
You have the option to defer your first repayment for 3 or 6 months after the funds have been made available, or take a January repayment holiday for each year of your loan which will increase the overall term of your loan by an extra month for each year, for example, a two-year loan would have an overall term of 26 month.
In all cases interest is charged throughout the full term of the loan, including the deferred or January holiday. This will increase the total interest charged and the total amount payable over the full term of the loan. These options are not available when you apply on line and cannot be added later.
No charges for additional repayments. You can repay your loan early and may be entitled to an interest rebate. However, where a loan is repaid early we will deduct interest of one month and 28 days from your interest rebate, which will be included in the loan settlement figure.
Protect your cash flow from the impact of large purchases with fixed monthly repayments
Know where you stand as your interest rate and repayments are fixed for the life of the loan
Track your repayments and the outstanding balance using Business Internet Banking
Apply online or by phone.
(See ‘Apply for your Small Business Loan’ section below)
11.3% APR representative (fixed). Based on an assumed loan amount of £7,000 over 60 months at the AIR of 11.3% p.a. (fixed). Monthly repayment £151.34. Total amount payable £9,080.40.
Loan amount
£7,000
Term
60 months
Monthly repayment
£151.34
Total amount payable
£9,080.40
*Annual Percentage Rate Representative (APR Representative)
11.3% APR representative (fixed)
**Annual Interest Rate (AIR)
11.3% p.a. (fixed)
8.6% APR representative (fixed). Based on an assumed loan amount of £13,000 over 60 months at the AIR of 8.6% p.a (fixed). Monthly repayment £265.33. Total amount payable £15,919.83.
Loan Amount
£13,000
Term
60 months
Monthly repayment
£265.33
Total amount payable
£15,919.83
*Annual Percentage Rate Representative (APR Representative)
8.6% APR representative (fixed)
**Annual Interest Rate (AIR)
8.6 % p.a (fixed)
Definitions:
*Annual Percentage Rate (APR) is the total cost of the credit expressed as an annual percentage. It represents the actual yearly cost of credit over the loan term. The APR will vary depending on the loan amount and term.
*Annual Percentage Rate Representative (APR Representative) is the advertised rate (or a lower rate) we reasonably expect at least 51% of people who are accepted for and enter into the loan agreement as a result of the advertising or marketing will pay.
**Annual Interest Rate (AIR) is the rate of interest on a loan with the rate compounded on a monthly basis.
View the interest rates for all our lending products
See the prices of our most frequently-used account services
If your lending application is declined, find out how you can appeal the decision
Find out which lending option might be right for you and what you should know before you apply
If you’re ready to take your business to the next level, come and talk to us about our £15bn lending fund for small businesses.
Alternatively, and if you’re new to HSBC or not registered for Business Internet Banking, you can call us now on
03457 60 60 60
To book an appointment with a Business Specialist, you can call us now or use live chat click ‘Need help?’ on the right-hand side of this screen.
If you need a Text Relay service you can download the ‘Relay UK’ app and call our number from within it. For other accessible ways to contact us, please visit: business.hsbc.uk/accessibility.
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.
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