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Why does HSBC bank refuse a business loan to anyone importing from the far east?

April 26, 2017Bank Business credit East Finance HSBC importing loan refuse

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Why does HSBC bank refuse a business loan to anyone importing from the far east?

1 Answer

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10 Posted

This is standard practice for UK banks and not specific to HSBC. They won’t loan against goods arriving from the Far East. You wouldn’t even get a loan if you owned the supplier. It is because of the unreliability of supplier countries, possible fraud, meeting export regulations etc.