Small Business Finance

• Open new HSBC Small Business Account⁵
• Finance amount up to EGP8 million²
• Competitive fixed interest rate
• No minimum balance is required for the finance repayment sub-account only for the finance period
• Flexible finance repayment period from 6 months to 84 months
• Fixed equal monthly instalments for easy monthly budgeting
• Competitive interest rates on Time deposits with wide range of currencies, tenors and interest frequencies. 
  For details, please follow link below. https://www.hsbc.com.eg/accounts/products/time-deposit/
  

• Egyptian residents only
• Legal entity types: Sole professionals, Sole Proprietorship, simple partnerships, joint liability or limited liability.
  
• Open a new Small Business account with minimum average monthly balance of EGP 10,000³
  
• Minimum of 2 years in business
• Sales Turnover
  

* CBE Initiative to finance small enterprises: 

         • Up to EGP 50m per year for the Medical sector.

         • From EGP 1m to EGP 50m per year for other professional sectors

* HSBC Bank Egypt Small Business Finance:

• Up to EGP 50m per year.

• Valid original national ID.
• Proof of Income: Last 6 months’ corporate bank account statement
• Original taxation card
• Valid commercial register (maximum 3 months old). 
• For simple partnerships, joint liability and limited liability : last two years audited Income Statement / Taxes declaration certified by an approved financial auditor that manifest annual turnover up to EGP 50Million.
• For Sole proprietorship professionals:
   - Maintaining last two years audited Financial Statement / Taxes declaration certified by an approved financial auditor that manifest annual turnover less than EGP 20 Million.
   - Or maintaining last year audited Financial Statement / Taxes declaration certified by an approved financial auditor that manifest annual turnover less than EGP 20 Million.
  
• Permit of operating / establishment of clinic/ office / medical center.
• Company Contract and its amendments (to be reflected in the Commercial Register).
• Valid Permit to practice a profession (for sole Proprietorship only)
  

• Small business finance will be offered with an HSBC Small Business account only.
• Cheque books will be provided on request.
• For any enquiries about your account, please visit your local branch.
• Online banking and contact centre services will not be available to support this account.
• Finance interest rates are calculated based on the bank's announced rate at the time of application. The interest rate will stay fixed during the finance tenor, therefore the finance instalments and the finance tenor will stay fixed.

¹terms and conditions apply.

²lending and general terms and conditions apply.

³Below balance fee will apply if the account average relationship balance falls below EGP 10,000 in any given month.

⁴additional documentations may be required subject to the bank sole discretion.

 ⁵Small business accounts terms and conditions apply.