HSBC Small Business Loan (UK) – 2025 Guide
✅ Eligibility Criteria:
To apply for a small business loan from HSBC, your business must:
Be UK-based and registered (Sole trader, LLP, or Ltd company)
Be trading for at least 12 months
Have a business bank account (preferably with HSBC)
Have a good credit history (both personal and business, if applicable)
Show the ability to repay the loan based on turnover/profitability
📄 Required Documents:
You’ll typically need to provide:
Business plan (especially for new businesses)
Latest 6–12 months of bank statements
Last 1–2 years of financial accounts
Cash flow forecast or projected income/expenses
Proof of identity and address (for all directors/owners)
Business registration details (Companies House or UTR)
💷 Loan Features:
Loan Amount: £1,000 to £25,000+
Term: 1 to 10 years
Interest Type: Fixed or variable
Early repayment: Allowed (may have fees depending on loan type)
⚙️ Processing Fees & Charges:
Arrangement Fee: May apply depending on loan amount (e.g., 1–3%)
Early Repayment Fee: Usually 0–1%, depending on terms
Interest Rate: Varies by business type and credit, typically 6%–12% APR
📝 How to Apply:
Step-by-Step Process:
Prepare your business documents
Visit the HSBC Business Loans Page
Use the loan calculator to check affordability
Click “Apply now” or book an appointment
Complete the application form online or in-branch
HSBC may contact you for additional documents or questions
Receive a decision within a few days
On approval, funds are disbursed to your account
🔍 Tips for Approval:
Keep your credit score strong
Make sure your business cash flow is stable
Avoid outstanding debts or missed payments
Use a clear, realistic business plan