Get the cash your business needs through a competitive rate of Prime -1.00% on a new Business Line of Credit.
Offer is only available for Retail Business Banking customers. For new Business Lines of Credit only.
1 The promotional interest rate applicable to your Business Line of Credit will be the HSBC Prime Rate -1.00% until December 31, 2018 and is for applications received between May 7, 2018 and August 31, 2018. After December 31, 2018, the interest rate will increase to the standard rate confirmed at the time your Business Line of Credit is opened. Standard interest rates on Business Lines of Credit range from Prime plus 1.75% to Prime plus 8.00%, depending on creditworthiness and collateral. As of March 22, 2018, the HSBC Prime Rate is 4.75%, and the range of interest rates on Business Lines of Credit is from 6.50% to 12.75%. The HSBC Prime Rate is the rate publicly announced by HSBC Bank USA, N.A. as its Prime Rate and is subject to change.
2 The Line of Credit is subject to credit approval, your continued creditworthiness and compliance with terms, conditions of the product offering.
Small Business Administration (SBA) lines of credit are not eligible.
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