Lending

HSBC Go Greener SME Reward

Check your eligibility for the HSBC Go Greener SME Reward
Find out more
Designed to make investing in sustainable solutions more accessible and rewarding for businesses

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 www.hsbc.com/sustainability

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

Term Loans Terms and Conditions

Asset Finance Terms and Conditions

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.

How to apply?

Please speak to your Relationship Manager or if you’re new to HSBC, you can call us now on 03457 606060.

We’re open Monday to Friday, 08:00 to 20:00 and Saturday, 08:00 to 14:00 (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

Insights

Explore our industry insights and banking capabilities in a simpler way

Need help?

Get in touch to learn more about our banking solutions