HSBC believe the best way to help British businesses to grow is to give them better access to finance. That’s why they have decided to launch a £10 billion loan fund to support small businesses in the UK. In 2016 they approved 91% of business lending (up to £30k) for start-ups and businesses switching to them.
The £10 billion fund is available to both HSBC and non-HSBC customers. It’s being allocated in 43 local tranches nationwide, signalling their firm commitment to helping smaller companies right across the country.
In addition to the lending, their package of SME support includes:
18 months of fee-free* business banking for start-ups
12 months of fee-free* banking for existing SMEs who switch their banking to HSBC
Interactive business tools and a wealth of resources in our Knowledge Centre for small businesses with ambitions to grow at www.knowledge.hsbc.co.uk/tools-and-resources. The site offers inspirational profiles, expert insights and more, backed up by a comprehensive range of briefings, checklists and other resources to help launch, run and develop your business.
* Free Banking means that they will not charge you an account maintenance fee or for payments into your account covered by their standard account charges.