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Commercial BankingEnterprise Finance Guarantee

The Enterprise Finance Guarantee could help if you are unable to obtain a bank loan due to lack of adequate security, and you are looking to

  • Start-up, expand or diversity your business
  • Increase your working capital funding.

If your annual turnover is less than £41m and you have a sound business proposal, you may be eligible for an Enterprise Finance Guarantee loan.

You are liable for repaying 100% of the loan and HSBC will always seek to recover the outstanding balance from you and any security taken under the loan. If HSBC cannot recover all funds, the Government provides a partial guarantee to HSBC to cover the lack of available security.

Terms that put you first

  • Available for sums of £10,0001 to £1,200,0002
  • Repayment terms between three months and 10 years
  • Individually negotiated interest rates and fees
  • Choice of fixed or variable interest rates
  • It is available if you:
    • operate in the UK
    • have an annual turnover of less than £41m
    • operate in a sector that is eligible for EFG3
    • the purpose of the loan meets the eligibility criteria,
      for example:
      • starting trading
      • developing a project
      • expanding an existing business
      • purchase of equipment.
  • An additional premium (equivalent to 2% per year) is payable once a quarter to the Department for Business, Innovation and Skills (BIS). This is in addition to any regular capital, interest, and arrangement fee payments that you make to HSBC
  • You are responsible for ensuring that you do not exceed the €200,0004 threshold for European Community State Aid, as a result of taking out an EFG.

A quarterly premium

An additional quarterly premium (2% per year) is payable to the Department for Business Innovation and Skills (BIS).

Important information

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Apply for borrowing through the Enterprise Finance Guarantee

  • Call us on
    0800 01133175

Apply for borrowing through the Enterprise Finance Guarantee

  • Call us on
    0800 01133175

Why choose HSBC?

  • Support from an experienced, local Relationship Manager dedicated to understanding your business
  • Access specialists across a range of products and services
  • International expertise with a network of 8,000 Relationship Managers in 63 countries
  • Business information and guidance through our online Knowledge Centre

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1 A £25,001 minimum applies for sole traders and partnerships (excluding LLPs).

2 The £1,200,000 maximum applies to loans with a term of 5 years or less. The maximum loan amount for a term of 10 years is £600k.

3 Excluded sectors are Coal; Banking, Finance & Associated Services (except professional services); Formal Education (except vocational training); Insurance & Associated Services (except brokers & agents); Public Administration, National Defence & Compulsory Social Security.

4 €200,000 is the maximum amount of State Aid that any business may receive in a rolling 3 year period. Lower levels of State Aid apply to specific industries, for example agriculture, fisheries and road freight transport.

5 Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). To help us continually improve our service and in the interests of security, we may monitor and/or record your telephone call.

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