Business loans

Export Sales Financing

Businesses today must remain competitive to succeed in international trade. We can provide credit protection to help you offer attractive open account credit terms to your customers, while your business enjoys the following benefits:

• Speed and flexibility – Speed up payments, reduce pressure on your cash flow and compete with overseas suppliers.
• Enhanced cash flow – Tap into an additional source of working capital using your export sales.
• Choice – Access financing in any major currency. We will work with your existing treasury arrangements, or to help you manage the risks of exchange rate fluctuations.
• Protection from bad debts – Obtain the right trade credit insurance cover for your overseas sales.
• Expert support – Benefit from our knowledge of international trade customs and our professional experience in collection, transmission and processing of overseas customer payments.

GuaranteeDirect

HSBC's GuaranteeDirect provides fast turnaround on guarantees and bonds issued for commercial and statutory requirements. You can have your bid bonds approved in 24 hours* and other guarantees and bonds issuance approved in three days*. In particular, we are able to help you in the issuance of guarantees made in favour of:

• Port of Singapore Authority (PSA)
• Commissioner of Labour
• Controller of Immigration
• JTC Corporation
• SP Services
• Maritime & Port Authority
• The Comptroller of GST

Global connectivity
With HSBC’s global scale and reach, it is a breeze to issue guarantees and bonds to overseas beneficiaries.

Flexibility
The application process for GuaranteeDirect is simple and hassle-free. Even if the value of the guarantees and bonds you require is as low as S$1,000, we are able to tailor a solution to meet your business needs.

* Upon complete submission of all documentation and fulfilment of all requirements. The facility shall be fully secured by marginal deposits, time deposits, banker's guarantees or standby letters of credit. All new GuaranteeDirect accounts are subject to our normal approval process. For all tenors of guarantees and bonds issued with GuaranteeDirect, a 1% commission charge is applicable.

Receivable Finance Services

To make sure your company enjoys smooth and uninterrupted cash flow, HSBC has developed Receivable Finance Services that offer you a cash advance for every sale you make. With this service, you can enhance your cash flow by utilising funds that are normally tied up in receivables and protect yourself against bad debts.

How it helps your business

• Financing – Turn your receivables into cash at an agreed percentage of the invoice value. This is directly linked with your sales, not with collateral.
• Credit protection – Mitigate your buyer risk through the credit protection option, which can cover up to 100% of your sales.
• Receivables management – Outsource your sales ledger management and collection to us, and we will provide you with the essential management information.

Business Property Financing

HSBC's Business Property Financing offers you the competitive edge in securing your choice property. Whether you are thinking of purchasing or refinancing your business premises, we can customise the right solution for you.

• Attractive interest rates – Free up your cash to take advantage of new business opportunities.
• High quantum financing – Finance up to 80% of property used for your own business operation; and up to 70% for investment properties.
• Minimal upfront cost – Our legal and valuation fee subsidies will lower your cost.

Government Assistance Scheme

HSBC is a Participating Financial Institution of the Government Assistance Schemes for SMEs administered by SPRING and IE Singapore. You can make use of these schemes to modernise and automate your plant and machinery, expand existing manufacturing capacity or diversify into other product lines.

Local Enterprise Finance Scheme
The Local Enterprise Finance Scheme is a financing programme designed to encourage and assist local enterprises to modernise and upgrade their operations.

Micro Loan Programme
The Micro Loan Programme under the Local Enterprise Financing Scheme is a fixed interest rate financing programme designed to help SMEs of less than 10 employees gain better access to financing.

Internationalism Financing Schemes
The Internationalisation Finance (IF) Scheme is a programme designed to help local enterprises expand into overseas markets, so that economic spin-offs to Singapore can be generated.