HSBC eCredit: New Service to Streamline Banking for Small Businesses

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

HSBC eCredit: New Service to Streamline Banking for Small Businesses

Canada NewsWire

HSBC Bank Canada and Biz2Credit launch gives customers easier access to apply for financing

NEW YORK and TORONTO, Nov. 19, 2018 /CNW/ - HSBC Bank Canada is working with Biz2Credit to give Canadian small business owners quicker and easier access to apply for business financing.

HSBC eCredit is a digital-first approach to lending, which will allow small business owners to apply for financing online. Currently available by invitation in selected areas, HSBC eCredit will be fully available country wide in English December 2018 and in French the following month.

"Small businesses are the key to a strong local economy and thriving community. They really feed into that entrepreneurial spirit of Canadians," said Jeff Brown, Head of Retail Business Banking at HSBC Bank Canada. "And we know that small business owners have very busy schedules so the single biggest issue that small businesses face is time. HSBC eCredit will deliver a straight-forward and efficient lending application to our small business banking customers, enabling them to spend more time running their business and give them time to grow their customer base."

Benefits of HSBC eCredit
Built with the small business owner in mind - with minimal screens and questions to answer along with an intuitive interface - HSBC eCredit uses cutting-edge technology and security to turn the traditional approach to lending into a more small-business-friendly digital experience. Other benefits of HSBC eCredit include:

  • Because the process is highly automated, application decisions can be made in as little as 24 hours;
  • Applications for a small business line of credit can be submitted in as little as five minutes;
  • Applications for financing do not have to be completed all at one time. Borrowers can start the application process, save the information, and finish at a later date and time of their choosing;
  • Canadian small business owners can control when and where they apply for credit, giving them the freedom and flexibility to apply for credit at their convenience with their favourite device, including iOS and Android for smartphones/tablets.

"Our platform for HSBC Bank Canada is the type of innovation that Canadian small businesses need. Through the platform's always-on application process, and the expedited lending decisions it enables, we are helping Canadian entrepreneurs grow and strengthen their businesses with a quick, convenient application for borrowing," said Rohit Arora, CEO of Biz2Credit. "For Biz2Credit, it represents an entry into a strategically-important market with our world-class technology and risk analytics."

Note to editors:

About HSBC Bank Canada

HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances internationally through three global business lines: Commercial Banking, Global Banking and Markets, and Retail Banking and Wealth Management. The HSBC Group is one of the world's largest banking and financial services groups with assets of US$2,603bn at 30 September 2018. Linked by advanced technology, the HSBC Group serves customers worldwide from around 3,800 offices in 66 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa.

For more information visit or follow us on Twitter: @hsbc_ca or Facebook: @HSBCCanada

About Biz2Credit

Founded in 2007, Biz2Credit has arranged more than $2 billion in small business financing and has several times been named to Crain's New York's Fast 50 and was ranked among the top 200 fast-growing companies on Deloitte's 2017 Technology Fast 500. Biz2Credit is expanding its industry-leading technology in custom digital platform solutions for leading banks and other financial institutions. With this launch into the Canadian SMB marketplace Biz2Credit now has operations in four large global markets: the United States, Canada, India, and Australia. The platform is SOC 2 and ISO 27001 certified and runs on Amazon Web Services with 99.9% availability.

Visit or follow Biz2Credit on Twitter: @Biz2Credit, Facebook, and LinkedIn


View original content:

Copyright CNW Group 2018

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).