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.
1 The promotional interest rate applicable to your Business Line of Credit will be the HSBC Prime Rate -1.00% until September 30, 2018. After September 30, 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%, depending on creditworthiness and collateral. As of January 15, 2018, the HSBC Prime Rate is 4.50%, and the range of interest rates on Business Lines of Credit is from 6.25% to 12.25%. 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 and any associated fees.
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