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Know exactly what you'll pay with the business loan calculator from HSBC

If you're a business owner looking to take out a loan, it is always prudent to do as much research as possible. Thanks to the internet, that is now easier than it has ever been.

Many financial institutions have very handy tools and utilities sections on their websites, which allow you to accurately predict exactly how much your total monthly payments for their loan packages are going to be.

Due to the current nature of the financial world, rates can change on a daily basis, so it'll be up to you to figure out in advance how much a loan is going to cost your company. That way you won't be in for any unpleasant surprises, plus it'll mean that you're able to narrow down which financial lending institution suits your needs best.

If your company banks with HSBC, you may consider one of their small business loans. These loans offer sums between the amounts of £1,000 and £25,000 to be paid back between 12 months and 10 years. Unlike some other banks, these loans are issued at a fixed interest and repayment rate for the duration of the loan.

In order to be eligible for a HSBC small business loan, your company will need to have a HSBC Business Current Account, but as soon as you've agreed the terms of the loan, your money will be credited on the very same day, meaning no delays or complications.

They also offer Flexible Business Loans for companies wishing to borrow more than £10,000 at a time, or partnership businesses/sole traders wishing to borrow any figure above £25,001.

You can find out more about these loans by calling them now on 0800 587 0644, and you'll be able to do some research in advance by using the business loan calculator on the HSBC website at www.business.hsbc.co.uk.

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