Amanda Murphy, Head of Commercial Banking, HSBC UK said: “HSBC UK is committed to supporting UK businesses during these challenging times and have already provided customers with over £2.3 billion in support to help them through this outbreak. We have been working at pace to deliver the Government backed schemes to ensure businesses are getting the funding they need. The Bounce Back Loan Scheme will ensure small business have access to vital financial support and combined with our own initiatives will provide reassurance to businesses over the coming weeks and months.”
Backed by an 100% Government guarantee, HSBC UK will provide lending of between £2,000 and £50,000 (up to a maximum of 25% annual turnover) and any business can apply online at www.cbil.business.hsbc.co.uk/bbls.
We’ll be working hard to ensure quick access for our customers. New customers to HSBC UK will need to undergo additional checks, therefore we advise all businesses seeking help quickly to go through their own bank first.
HSBC UK is working closely with the Government and UK Finance to identify emerging issues and make sure customers and businesses have the advice and support they need. For tips and advice for businesses around planning for any possible disruption, visit www.business.hsbc.com/novel-coronavirus.
The new measures build upon the package of support that HSBC UK has already announced for business customers.
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The previously announced support package includes:
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HSBC UK serves around 14.5 million customers across the UK, supported by 32,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,918bn at 31 March 2020, HSBC is one of the world’s largest banking and financial services organisations.