Fund title: HSBC Lending Fund for SMEs

Focus of fund/fund aims:

Loans and other resources to help SMEs expand and explore new markets

Application deadline:

n/a

Fund description:

HSBC UK Bank has announced a £10 billion lending fund to support small and medium-sized enterprises (SMEs) in the UK. The aim is to help businesses realise their growth ambitions with a particular focus on encouraging small enterprises to explore opportunities for exporting.

The Fund is UK-wide and is being allocated in regional tranches. It is available to HSBC and non-HSBC customers and includes:

  • loans (subject to HSBC’s usual lending criteria)
  • 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 eg. briefings, checklists and other resources to help launch, run and develop a business

Further information:

http://www.business.hsbc.uk/en-gb/gb/campaign/10-billion-fund-for-smes