- Can choose from a range of finance options like export/import financing, discounting of export receivables, bank guarantees for business requirements, treasury line to manage cross currency transaction risk.
- Maximum loan amount upto Rs 10 crores
- MSE( Micro and Small Enterprise) can avail loans upto Rs 10 lakhs without collaterals.
- Flexible quantum and tenor of loans.
- Interest rate is calculated on the prevailing base rate at the time of processing.
HSBC Business Loans: Whether you are looking to expand your business or want to meet your working capital and trade finance needs, HSBC has a wide range of business finance options. Choose from a range of options which are flexible to match most of your business needs, along with the choice of collateral, tenor and quantum of finance. Get the right funding for your business growth.
HSBC business finance solutions are currently available in the following locations: Delhi, Mumbai, Pune, Indore, Chandigarh, Ludhiana, Bangalore, Chennai, Coimbatore.
Eligibility
Business finance is offered to the following type of concerns
Sole Proprietorships
Partnerships
Private Limited Companies
Positive profit after tax (PAT)
Age of the guarantor (wherever personal guarantee is applicable)
Minimum age of the guarantor to be 21 years
Maximum age of the guarantor to be 65 years at the time of the loan maturity
Major features to Get HSBC Business Loans
Loan Amount: Upto Rs 10 Crores
Interest Rates: To be calculated basis the prevailing Base Rate at the time of processing.
Facility wise security coverage required:
Security Facility Nature
Primary Security Working Capital Hypothecation over stocks & receivables
Term Loan Hypothecation over plant & machinery or other fixed assets created out of the loan
Collateral Security (Micro and Small Enterprises (MSEs) can avail of loans upto Rs 10 lakhs without any collateral security) Working Capital and Term Loan Combination of:
– Equitable mortgage over residential, commercial or industrial property*
– Time deposits with HSBC
– SBLC
– Hold cover
– Approved debt mutual funds
Cash Margin Non Fund Based Working Capital Facilities Lien on term deposits only
Other Security Working Capital and Term Loan Personal guarantees of promoters and undated security cheques
Common documents for loan
Last 3 year audited financials along with audited report (Provisional financials for the latest 12 months ended if not covered to be provided.) (Details of Investments, Loans and advances to Group companies as of last audited results).
Three years income tax returns
Three years sales tax returns
Copy of monthly stock, age wise book debt and creditors statement for the last 3 months
Copy of last 6 months bank statement of main banker / copy of bank statement for the term loan
Details of all business entities where either of the promoters or direct family (spouse/children) singly or jointly hold more than 10% stake and are involved in any other business
An undertaking duly signed by the promoters that all business entities where the promoters in their individual capacity or through their immediate relatives (spouse / children) are stake holders has been duly disclosed to HSBC
All copies of property documents proposed to be offered as security wherever applicable. These would include the sanctioned plan, title deed, registration receipts, Index II, Property card extracts etc.
Any other document as may be necessary to capture information as specified by HSBC from time to time
Documents required for sole proprietorship
Proof of identity of the sole proprietorship (any two of the following):
Proof of identity of the sole proprietorship OR
Registration under Shops and Establishment Act OR
PAN ID / IT return of the concern OR
Water / Electricity / Municipal tax bill in the name of the concern OR
MAPIN card in the name of the concern
Proof of individual identity to be submitted for the sole proprietor (any one of the following):
Passport OR
Voter’s identity card OR
Photo PAN card OR
Driving license OR
MAPIN card
Proof of residence address to be submitted for the sole Proprietor (any one of the following):
Passport OR
Voter’s identity card OR
Driving license OR
Ration card OR
Society outgoing bill OR
Life Insurance Policy OR
Electricity bill OR
Telephone bill (land / mobile)
PAN ID / PAN allotment letter / Form 60 of the concern
Financial documents (all of the following):
P & L and balance sheet for last two years audited by a C.A. AND
Copies of IT returns for the last two years AND
Bank statements for last 6 months
Documents required for partnership firms
Proof of identity of partnership firm (any two of the following):
Sales tax / VAT /Service tax / Excise registration OR
Registration under Shops and Establishment Act OR
PAN ID / IT return of the concern OR
Water / Electricity / Municipal tax bill in the name of the concern OR
MAPIN card in the name of the concern OR
Proof of individual identity to be submitted for all the partners (any one of the following):
Passport OR
Voter’s identity card OR
Photo PAN card OR
Driving license OR
MAPIN card
Proof of residence address to be submitted for all the partners (any one of the following):
Passport OR
Voter’s identity card OR
Driving license OR
Ration card OR
Society outgoing bill OR
Life Insurance Policy OR
Electricity bill OR
Telephone bill (land / mobile)
PAN ID / PAN allotment letter / Form 60 of the concern
Financial documents (all of the following):
P & L and balance sheet for last two years audited by a C.A. AND
Copies of IT returns for the last two years AND
Bank statements for last 6 months
Documents required for private limited companies
Proof of identity of private limited company (any two of the following):
Sales tax / VAT /Service tax / Excise registration OR
Registration under Shops and Establishment Act OR
PAN ID / IT return of the concern OR
Water / Electricity / Municipal tax bill in the name of the concern OR
MAPIN card in the name of the concern
Memorandum and Articles of Association
Certificate of Incorporation
Board resolution
Copy of Annual Return establishing the shareholding pattern
Proof of individual identity to be submitted for the authorised signatories and 2 directors (including the managing director) (any one of the following):
Passport OR
Voter’s identity card OR
Photo PAN card OR
Driving license OR
MAPIN card
List of directors
Copy of Form 32 filed with ROC
PAN card / PAN allotment letter / Form 60 of the concern
Financial documents (all of the following):
P & L and balance sheet for last two years audited by a C.A.AND
Copies of IT returns for the last two years AND
Documentation for collateral security
Micro and Small Enterprises (MSEs) can avail of loans upto Rs 10 lakhs without any collateral security).
Residential Property, Commercial Property, Industrial Property, DUL and other Liquid Assets can be provided as collateral
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