New £7.2m funding announced for MarketInvoice
5th November 2015
Case Study – Independent Financial Advisor Company
5th November 2015
0

HSBC to Match Online Banks and Alternative Funders Rates

LONDON, July 20 (Reuters) – HSBC said on Wednesday it will match interest rates offered by any other UK lender on fixed-rate small business loans and business overdrafts up to£ 25,000 pounds in a bid to boost confidence among small business borrowers.
The offer will be available until the end of October and will cover rates offered by any UK competitor including so-called “challenger” banks and online lenders.

Europe’s largest bank said it had also reduced its minimum arrangement and renewal fees for business overdrafts from £100 pounds to £25 pounds.



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