HSBC Introduces Reduced Overdraft Rates for Small Businesses Trading or Importing Internationally
Innovative Scheme Supports Growing Businesses, With Discounted International Overdraft
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 10/21/11 -- HSBC has launched a new initiative to support growing UK businesses currently or planning to trade internationally. The International Business Overdraft offers a reduced interest rate margin of 1% for each overseas country a business is exporting to or importing from. This is up to a maximum of 3% for the first 12 months.
Huw Morgan, Head of UK at HSBC said "At HSBC we see many larger businesses reap the rewards that exporting/importing from overseas can bring but for some smaller businesses the prospect can be daunting. There are many untapped opportunities in international markets for UK businesses and we've introduced our new International Business Overdraft to reward and support those who are preparing for economic growth and trading internationally. HSBC also has the overseas connections and experience to support businesses every step of the way. I believe that this new initiative will prove to be very popular with businesses that are planning for a successful future."
This new offer is available to HSBC customers with an actual or predicted annual turnover of up to GBP 2 million and is applicable for new overdrafts up to GBP 25,000 for a maximum term of 12 months. There is an arrangement fee of 1.75% of the facility (GBP 100 minimum.) Customers simply need to provide proof of international trade, for example a Bill of Exchange or invoice dated in the last six months or for the next six months - apply before the 31 December 2011. For businesses with a turnover above GBP 2 million there are also negotiated terms available and customers are advised to speak to their Relationship Manager about these.
This initiative follows on from the extended launch of the HSBC Employer Business Loan scheme . The offer rewards businesses creating jobs by providing a discount of 1% on Business loans for each new member of staff (up to 3%.) This highlights the bank's commitment to supporting strong, viable businesses. As part of this commitment, during the next three months, HSBC will be running a number of activities focussed on lending. The programme will see 100 local networking events being held across the UK, providing tips for businesses looking for growth and support on how to benefit from international opportunities.
For further information you should contact call 0800 434 6987 or visit .
Notes to Editors:
HSBC Bank plc: HSBC serves 16.1 million customers in the UK and employs approximately 52,000 people. In the UK, HSBC offers a complete range of personal, premier and private banking services including and . It also provides commercial banking for small to medium businesses and corporate and institutional banking services. HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc.
The HSBC Group: HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,691bn at 30 June 2011, HSBC is one of the world's largest banking and financial services organisations.
Contacts:
HSBC
Kate Woodyatt
020 7991 8471
(at)HSBCUKBusiness
HSBC
Andy Homer
020 7991 2683
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Datum: 21.10.2011 - 10:34 Uhr
Sprache: Deutsch
News-ID 78829
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LONDON, UNITED KINGDOM
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Retail Banking
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