Small Business Term Loans with variable rates as low as 1.99%*

Do more for your business with a special introductory variable rate term loan as low as 1.99% (Prime minus 0.46%)* for the first 2 years**.

The right lending solution for your needs

Whether you are looking to manage expenses or invest in your small business, a Small Business Term Loan with a variable rate as low as 1.99% (Prime minus 0.46%)* for the first 2 years** can help your cash flow and move your business ahead.

Low variable rates - Get a variable rate as low as 1.99% (Prime minus 0.46%)* for the first 2 years**.
Payment deferral - Defer loan payments for 6 months¹
Limited time offer - Available from September 29, 2021 to December 31, 2021.

Important information about your Term Loan

  • Variable rate loan available

  • Canadian currency only

  • To apply for a loan, your business must be eligible for HSBC Small Business Banking2

  • An HSBC Small Business loan will require your business to open a chequing account, from which regular principal and interest payments will be made

  • Terms and conditions, including fees, apply to an HSBC Small Business loan as well as the chequing account3


    Click for full details about our HSBC Small Business Banking chequing accounts and related fees.


    Click to find out what documents are needed to apply to open a chequing account.

Fees involved when applying for a Loan

  • Applicable variable interest rate4

  • One-time set up fee of up to 1% of the approved credit limit may apply

  • If we decide, in our discretion, to conduct a credit review, we charge a $250 credit review fee

How to apply

New and existing HSBC Small Business customers can simply apply via our easy to use HSBC eCredit™ online application with activation code "Intro2021".

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* Terms and conditions apply. Offer expires December 31, 2021. Some credit applications may not qualify for these low interest offers but may still qualify for a credit offer.  Following the initial introductory low variable rate for the first two years, standard variable rates will apply for longer term loans to a maximum of 5 years.


** All applications, rates and credit amounts are subject to approved credit.


1 Six-month payment deferral is optional. Interest will continue to accrue and will be captured on your first payment scheduled.


2 To be eligible for HSBC Small Business Banking, your business must be a sole proprietorship, partnership or corporation domiciled in Canada and generate an annual gross revenue below $5 million CAD. Other requirements may apply.


3 Both the loan and the chequing account are subject to approval and credit review.


4 The interest rate you pay on your Line of Credit will vary with the HSBC Prime rate. HSBC Prime rate means the annual rate of interest HSBC Bank Canada announces from time to time as a reference rate for determining interest rates on Canadian dollar retail loans in Canada. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC Bank Canada branch. Standard monthly fee and application fee will be applied on the Line of Credit.


5 Terms and conditions apply. Offer ends December 17, 2021.