Univest Corporation Advises Local Businesses: Time Running Out on Temporary SBA Lending Program

Contrary to some news reports, "loans are available, and at attractive terms."

SOUDERTON, Pa, June 25, 2012 ---- Univest Bank and Trust Co.SM, an SBA Preferred Lender and a leading community bank lender in the Philadelphia region based on small business loan volume, is advising locally owned and operated businesses of the limited time now available to apply for SBA 504 loans under an advantageous temporary Small Business Administration lending program. Univest, the full-service banking subsidiary of Univest Corporation of Pennsylvania (NASDAQ: USVP), previously announced the availability of $60 million to lend through the program.

"The SBA implemented the program under the Small Business Jobs Act, and it is authorized until September 27, 2012," said Patricia J. Kratz, vice president of corporate banking and SBA officer for Univest Bank and Trust Co. "This is an excellent opportunity for businesses of all sizes, but with the deadline quickly approaching, loan applicants only have until mid- to late July to apply for the loans and secure financing within the program. Much of the $60 million Univest committed to lending under this program is still available to eligible businesses."

The temporary SBA program provides businesses the opportunity to lock in long-term, stable financing at attractive rates, finance eligible business expenses, protect jobs and hire additional workers. It enables borrowers to finance up to 90 percent of the appraised value of available collateral. This allows borrowers with more than 10 percent equity to obtain additional proceeds to pay for eligible business expenses. In addition, the program allows any business with a commercial mortgage that is two or more years old to refinance its debt, regardless of mortgage maturity.

"Participating in the temporary SBA lending program is just another way we at Univest demonstrate our commitment to our local community," said Philip C. Jackson, president of corporate banking at Univest Bank and Trust Co. "Some news reports suggest that money is not available for small businesses looking to finance business expansion, retain current jobs and hire new workers. To the contrary, loans are available, and at attractive terms."

Businesses interested in applying should contact Pat Kratz at 215-721-2449.

About Univest Corporation
Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania (www.univest.net) and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery and Lehigh counties. For more information on Univest Corporation of Pennsylvania and its subsidiaries, please visit www.univest.net.


This press release of Univest Corporation and the reports Univest Corporation files with the Securities and Exchange Commission often contain "forward-looking statements" relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Univest Corporation. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Univest Corporation's future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce net interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) legislative or regulatory changes that may adversely affect the businesses in which Univest Corporation is engaged; (6) technological issues which may adversely affect Univest Corporation's financial operations or customers; (7) changes in the securities markets or (8) risk factors mentioned in the reports and registration statements Univest Corporation files with the Securities and Exchange Commission. Univest Corporation undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.