HSBC Business Loans

HSBC Business Loans logo
  • HSBC currently offers business finance options. Find out which options are available, how to apply, and whether your business might be eligible.
Visit Website Browse HSBC Business Loans FAQs

Sorry we do not currently compare this provider

Compare other products

Compare similar products from other providers

  • Nationwide Finance Business Finance logo

    Nationwide Finance Business Finance

    • Nationwide Finance help 35,000 businesses get finance each year
    • Direct funder - not a broker
    • Same day decision, funds within 24 hours
    • Minimum Turnover
      No minimum
    • Available Amounts
      £8,000 to £500,000
    • Available Terms
      1 to 5 years
  • Funding Circle logo

    Funding Circle

    • Your business must have a minimum of 2 years’ trading history
    • A leading UK platform for small business loans
    • Simple online application and decisions in as little as 5 hours
    • Rates from 4.9% per year - No early settlement fees
    • Minimum Turnover
      £16,700 p.a.
    • Available Amounts
      £10,000 to £500,000
    • Available Terms
      2 to 6 years
  • Tide logo
    Broker

    Tide

    • Tide works with a number of partners who offer a range of flexible business funding solutions
    • They will run pre-eligibility checks, without affecting your credit score, to show you credit options tailored to your business
    • Connect your business bank account in minutes to see your credit options and receive a £75 Uber/Uber Eats voucher (Terms & Conditions apply)
    • Minimum Turnover
      Varies
    • Available Amounts
      £500 to £15,000,000
    • Available Terms
      1 month to 6 years
  • iwoca logo

    iwoca

    • Flexible finance for small businesses from £1,000 to £500,000
    • No long term commitments and flexible repayments to fit for your business
    • Apply online in minutes for a decision (some decisions may take up to 24 hours)
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £1,000 to £500,000
    • Available Terms
      up to 24 months
  • Cubefunder logo

    Cubefunder

    • Only available to Limited Companies in England and Wales with 3+ months' trading
    • Fast and Flexible funding from £5,000 - £100,000 for Limited Companies within England and Wales
    • No penalties for Late payments or Early repayment
    • Apply and receive funds within 48 hours
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £5,000 to £100,000
    • Available Terms
      3 months to 1 year
  • 365 Business Finance logo

    365 Business Finance

    • Your business must process credit and debit card transactions to apply for this product
    • A flexible business funding alternative
    • Cash advanced against card transactions
    • Pay back an affordable % of your card transactions
    • Minimum Turnover
      £10,000+ card transactions per month
    • Available Amounts
      £10,000 to £300,000
    • Available Terms
      4 to 18 months
  • Fleximize logo

    Fleximize

    • YOUR BUSINESS MUST BE A LIMITED COMPANY WITH 6+ MONTHS' TRADING
    • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
    • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
    • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
    • Minimum Turnover
      £60,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      3 months to 4 years
  • Swoop Funding logo
    Broker

    Swoop Funding

    • Your business must have a minimum of 1 years' trading history
    • Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating
    • Free access every type of finance including the Recovery Loan Scheme
    • Online management allows you to find funding opportunities and track applications
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £10,000,000
    • Available Terms
      3 months to 6 years
  • Funding Xchange logo
    Broker

    Funding Xchange

    • Access 70 lenders from one simple funding request
    • Easily compare the choices available, including RLS options
    • Apply with confidence, no impact on your credit score
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £500,000
    • Available Terms
      3 months to 5 years
  • Capify logo

    Capify

    • Your business must have a minimum of 1 years trading history. No sole traders.
    • Capify loans are paid back in very small automated regular payment; either daily or weekly
    • A fast and easy business funding alternative for SMEs
    • Funds can be used for any business purpose, from managing cashflow through to improving technology
    • Minimum Turnover
      £120,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      3 to 18 months
  • Lombard logo

    Lombard

    • Lombard offers a comprehensive range of asset finance solutions - specialising in business car finance
    • A simple finance solution with a credit decision in 24 hours for transactions up to £150,000
    • Security, guarantees or indemnities may be required. Product fees may apply. Finance is subject to status and is only available for business purposes
    • Minimum Turnover
      No minimum
    • Available Amounts
      £5,000 to £250,000
    • Available Terms
      1 to 7 years

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

NerdWallet - Our awards

Award-winning comparisons you can trust

It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.

Featured brands

See all business loans providers
Last updated on 27 June 2022.

HSBC business loans may allow you to access a variety of credit and lending facilities, including small business and flexible loans, overdrafts, commercial mortgages and asset finance.

You can currently apply for business loans from HSBC either online, over the phone, or in branch, and manage your repayments from your internet banking.

In 2021, HSBC launched a £15 billion SME lending fund to help the UK recover from the pandemic, which is available to both customers and non-customers.

Find out more about how you can apply for a piece of the £15 billion, whether you’re eligible, and the pros and cons of HSBC Business Loans.

What is HSBC?

Started in Hong Kong in 1865, HSBC is an international bank that now serves more than 40 million customers in 64 countries around the world.

HSBC currently offers a range of bank accounts for small businesses, larger businesses and businesses that trade internationally. It also provides business debit and commercial cards, as well as loans and overdrafts to help businesses grow.

What products and services does HSBC offer?

Small Business Loan

The HSBC Small Business Loan offers borrowing of flexible amounts and terms. You can currently settle your loan in fixed monthly repayments and offset the interest against your tax liabilities.

Flexible Business Loan

Borrowing amounts for HSBC’s flexible business loans currently have no upper limit, though with a minimum amount allowed. You could also choose from variable or fixed rates and repay your loan either monthly or quarterly. Flexible repayment lengths are available.

» COMPARE: Business loans

Business overdraft

HSBC’s business overdraft is currently available to Business Current Account customers. You may be able to have an arranged overdraft facility for several months and only pay interest on the amount you use.

Commercial Mortgage

With HSBC’s commercial mortgage you may be able to borrow up to 75% of the purchase price or professional valuation (whichever is lower). Repayment terms vary and if eligible you can currently choose from a fixed or variable rate.

Asset Finance

You could use asset finance to purchase new assets or replace old ones. HSBC currently offers hire purchase, finance lease, operating lease, and asset loan, with tailored solutions for commercial vehicles, IT hardware and software and more complicated asset finance needs.

» COMPARE: Asset finance

Can I get a small business loan with HSBC?

HSBC’s Small Business Loan currently means you may be able to borrow from its £15 billion lending fund. You could pay off your loan in fixed monthly payments.

Key features of HSBC business loans

  • SME funding pot of £15 billion available
  • Current ring-fenced amounts for international (£2 billion), agricultural (£1.2 billion), tech (£500 million), and franchise businesses (£500 million)
  • Flexible repayment periods available
  • Option to choose variable or fixed rates
  • Option to choose monthly or quarterly repayments

How do I apply for a HSBC loan?

If you’re an existing HSBC customer, you can apply for a Small Business Loan by logging into your internet banking. If you don’t currently bank with HSBC, you need to call 0800 587 0644.

If you want to apply for a Flexible Business Loan, you need to call 0800 011 3317.

Am I eligible for a HSBC business loan?

You can use HSBC’s business lending eligibility checker to check whether you’re likely to be approved for a business loan without resorting to a full credit check.

HSBC takes into account a huge range of factors when deciding whether or not to accept your loan application, including your skills and experience, your business, your plans, the amount you want, and your requested repayment length.

If you’re a new business, this can be evidenced in your business plan and cash flow forecasts, while established businesses can use their historic trading figures.

» COMPARE: Business bank accounts

What do HSBC customers say?

On Trustpilot, HSBC UK has been rated 1.3 out of 5 based on 6,272 reviews.

On the App Store, The HSBC UK Mobile Banking app has been rated 4.8 out of 5 based on more than 1 million reviews. On Google Play, it’s been rated 3.4 out of 5 based on 46,400 reviews.

This information is correct as of 21 June 2022.

Conclusion

With HSBC business loans, you may be able to access a Small Business Loan with no upper borrowing limit, as well as overdrafts, commercial mortgages, and asset finance.

Whether you’re an HSBC customer or not, you may be able to apply for a loan from its £15 billion SME lending fund, which has ring fenced amounts for international, agricultural, tech, and franchise businesses. You can choose to apply in the way that suits you, either online, over the phone or in-branch.

If you are approved for a loan from HSBC, you can use your online banking to track your repayments and see how much you still have left to pay.

You can contact HSBC directly to apply for a business loan, however, it may be worth comparing HSBC to other business finance providers in order to fully understand your options before committing.

HSBC Business Loan FAQs

How much deposit do you need for a business loan?

You don’t currently need a deposit for an HSBC business loan, you just pay the loan back with interest over your agreed term.

Can I borrow money for a business?

Currently, you may be able to borrow money from HSBC to invest in your business, which has launched a £15 billion SME fund.

How can a small business get a loan from a bank?

If you need to borrow between smaller amounts of cash, you may be able to apply for a Small Business Loan from HSBC either online, over the phone, or in branch.

Who is eligible for a business loan?

You could be eligible for a business loan from HSBC, whether you’re a customer or not.

Before you start your application, you can use the HSBC business lending eligibility checker to find out if you’re likely to be approved.

Services offered by this provider may change over time. Always check Ts&Cs.