Helping you realise your Dreams

We believe that there needs to be considerable support for anyone starting a new business. There are a hundred and one things that need to be attended to all at once. Which is why you need passion and drive to venture into this new world of being your own boss.

At HSBC Bank we know that business is VERY personal. We understand that it’s your life, your vision, your family, your bread and butter, your leaps of faith, your future.
It’s inseparable from you – so at HSBC we provide a personal service.
For us, business is personal!

Starting a business is one of the most important things you’ll ever do and it’s worth taking the time to get it right.

As bankers we can’t possibly know as much about your business as you do. But we do know about providing a personal banking service, and we do understand the financial needs of businesses like yours. So our business is based on providing the support you need for your business, when you need it.

We believe that if you are successful, so are we. It’s as simple as that. Your decisions are yours, but we’ll always be there to help when we’re needed. Our role is to provide you with the financial products that you need, such as current and savings accounts, home loans, credit cards and loans, with a reliable customer service.

We’ve put together a special Start-Up Business Package that suits the needs and aspirations
of new businesses such as yours. We believe that a new business needs a lot of attention and support during the first twelve months and we have formulated this product around this concept. It’s based on a personal service from our Business Specialists.

The Start-Up Business Package includes the following:-

Business Specialist:

Practical support for your business from our Business Specialist who will become your main point of contact. Your Business Specialist will be with you all the way to listen to your problems and assist in finding the right solutions.


Business Consultancy:

Depending on the amount you need to borrow your Business Specialist may either assist you in formulating your business plan and financial forecasts or introduce you to a business consultancy firm which will help you prepare these important documents.
Once the bank agrees to granting these facilities, we will reimburse you with €60 (Lm25.76) to mitigate the expense of the business consultancy firm.

Business consultancy firms links:

MGI Malta
Paragon Ltd
Spiteri Bailey & Co
UHY Pace, Galea Musu & Co.
Grant Thornton

Business Loans / Overdrafts:

Business Facilities (Business Loan / Overdrafts) between €11,500 (Lm4,936.95) and €120,000 (Lm51,516).

• The Business Loan will help you to fund your business for the purchase of fixed assets like equipment, furniture and any other long-lasting items you may need. These can be short or medium-term options and each one will be designed to fit your needs.
  
• You may also need a business overdraft to cover any shortfalls in your cashflow.
  
• Interest for the first 6 months will be charged at the bank’s base rate. 

•  Subsequent 6 months interest will be stepped up to 2.5% p.a. above base rate. A further shading of 1.5% p.a. will be given if facilities are cash secured. 
  
•  Subsequently interest will be charged at the commercial rate. Cash secured facilities will continue to benefit from a shading of 1.5% p.a.
  

Capital Repayments Moratorium:

You may also wish to avail yourself of a moratorium on capital repayments for the first 12 months – this means that you may postpone for a year the capital repayments due. Interest at the rates mentioned above will still have to be met.


Fees:

• No processing fees – The Start-Up Package will attract no processing fees and this will lead to further savings.
  
  
• Free banking for the first 12 months – this means that no fees will be levied on local transactions.
  
• 50% reduction in margin on all Foreign Exchange transactions.
  
• If you are charging property as security the bank’s legal fees will be waived.
  
• 12 months fee-free Classic Credit card Freedom to manage your money by telephone, internet or at your branch at no extra cost.

Web design / hosting:

Free Web Site Building and Maintenance software provided by IMS Ltd for the first 6 months including:-

• Free Web Site Home Page (based on available library)
• Free Company Profile Page
• Free 5 Email Accounts (accessable also via Webmail)
• Free Domain Hosting
• Free 100mb Web Space Hosting

Click here to access IMS Ltd's website

For the subsequent 6 months you will need to pay a nominal administration fee of €69.88 (Lm30) (excluding VAT).
Subsequent years you will be charged €139.76 (Lm60) (excluding VAT) a year.
The domain registration is not included.

Internet Access:

Internet access – ADSL – (IT&T Ltd) at a reduced price of €46.47 (Lm20) per month (including VAT) for unlimited download and free use of modem and activation.

Click here to access IT & T Ltd's website

JCI Malta membership :

JCI Malta are offering a 50% discount on membership renewal rates to members of Start-Up Package who are under 40 years. The €23.29 (Lm10) membership fee will entitle members to attend training and other events at advantageous members' rates. Moreover, they will be invited to attend the Business Networking Event scheduled for September 2006.

Click here to access JCI's Malta website