Cross-Border Trade Poised to Grow for Small Businesses

Fuse/Thinkstock

HSBC has set aside U.S. $1 billion in loans for small and medium-sized businesses that are expanding internationally (China, Brazil and Hong Kong, for example).  To pre-qualify, you must run an established business that has annual revenue between $3 million and $500 million, but may or may not have dipped their toes into the international markets.

Head of HSBC's U.S. Business Banking Mark Luppi says the following:

"Based on the research we've done, 27% of small businesses are doing some sort of cross-border [transaction].  We expect that to grow to 40% over the next 12 to 24 months."

Read entire article here.

A New Concept: Business Without Borders!

iStock/Thinkstock

Business without borders, borderless business, Borderbuster - call it what you wish but in this case, HSBC unveils its new international business website geared toward U.S. companies involved in international business.

“Business without Borders” is billed as a “knowledge exchange” tool that offers industry-specific articles and commentary about global business. It includes content from The Wall Street Journal, Bloomberg Master Class and The Economist Intelligence Unit.

Beyond articles, it also allows business leaders to track global trade trends and identify the most promising locations for international expansion. Certain information is available only to those who register as members of the site.

Business Without Borders (BWB)
www.businesswithoutborders.com

Read more about this here.  BWB claims to be the first-of-its-kind knowledge exchange in the United States.

Posted by The Global Small Business Blog (founded in 2004 for entrepreneurs and small businesses interested in going global).

Note to HSBC:  Come to us when you launch your small business channel.

Global Bank Makes Move for SMEs

Digital Vision/Thinkstock

Global lender HSBC with its HSBC Business, is targeting export-oriented businesses with turnover up to $10 million.

Interesting fact (quote):

Australia has about one million SMEs, about 90,000 of which do international business.

Read more here.

International Revenues Rising

Wavebreak Media/Thinkstock

According to the International Business Survey, released by HSBC's Commercial Banking division, it found that U.S. mid-sized companies, much like their large-cap brethren, are increasingly pinning their growth plans on markets overseas even as the U.S. economic recovery slowly takes hold.

Not surprising:

HSBC's International Business Survey found that the portion of U.S. executives planning to increase their overseas sales targets rose sharply to a survey high of 72%, up from 49% in 2008 and 56% in 2009, underscoring the rapid globalization of the core of America's economy. Fifty-six percent (56%) of the executives polled say their overseas sales are growing faster than domestic sales, a rebound from 52% last year though still below the 67% level seen in 2008.

Read the news release here.

Can't seem to find the actual study. If you need further information, contact Juanita below.

Media contacts

• Juanita Gutierrez
• juanita.gutierrez@us.hsbc.com