Financing Options

Raising finance for your business can require as much attention as running your business.

When you turn to one source for all your financing needs, you'll save time and money and enjoy financing that is targeted to your needs.

With HSBC you'll get the right financing for your business, when and how you need it. We'll help you with financing for seasonality, growth, cash management, consolidation, international and domestic market expansion, acquisitions, receivables and any other financing that will help your business thrive.

The following options are available:

Overdrafts
An overdraft can be a cost-effective way of getting extra cash for short-term requirements. Borrow money as and when you need it

• A convenient way to fund working capital
• Quick and easy to set up
• Pay interest only on the amount you borrow

Short Term Loans
These can be made to ease working capital requirements for up to ninety days.

Bills Discounting
These give customers short-term working capital finance by discounting accepted Bills of Exchange or Promissory Notes.

Tender Bonds (Bid Bonds)
Tender bonds substantiate the financial standing of tendering parties and deter unsuitable tenderers.

Performance Bonds
When principals are successful in their tenders for contracts, they will usually be required to provide Performance Bonds, often based on a percentage of the value of the contracts.

Advance Payment Guarantees
Civil engineering contracts sometimes include provisions which allow principals to receive advance payments from beneficiaries for purposes such as mobilising plants and equipment.

Maintenance Bonds (Retention Money Bonds)
It is common practice for beneficiaries of projects to withhold amounts from progress payments to meet the costs of any construction/performance deficiencies arising during a specified period (maintenance period) after completion to principals.

Financial Guarantees
These provide customers with the means of obtaining facilities, in whatever form from the beneficiaries of guarantees, who may, if the need arises, claim under such guarantees up to a maximum specific amount and within a set period of time.

For more information, please E-mail or call:

Sanjay Bahl
Manager CMB
Tel: +973 17569998