Univest Bank and Trust Co.℠ Announces $60 Million SBA Fund
Recognized As Top Community Bank
SBA Lender in Philadelphia Region in 2011
SOUDERTON, Pa., March, 16, 2012 - Univest
Corporation of Pennsylvania (NASDAQ:
UVSP), parent company of Univest Bank and Trust
Co.SM, a full-service financial institution with 135
years of experience in delivering financial solutions including
personal and business banking, online banking,
residential mortgages, insurance products, investment and wealth
advisory solutions*, announced it has $60,000,000 available to lend
to locally owned and operated small businesses through its SBA
program. It's critical for small businesses to have access to
available funds to spend on real estate, equipment or to increase
working capital to support the economic recovery.
"Univest was an invaluable resource
during the process of our business acquisition completed in May of
2011", said Michael Kane, President, Vogel Carton, LLC. "Their
general expertise and guidance, coupled with their intimate
understanding of the SBA lending process was crucial to helping us
complete the deal. We are proud to have Univest as our lending and
banking partner and would highly recommend them to anyone seeking
In 2011, Univest was recognized by
the Small Business Administration (SBA) as the leading community
bank lender in the Philadelphia region based on volume of small
business loans. The Company was also the third largest SBA lender
in the Southeastern Pennsylvania market and one of the top SBA 504
lenders in the region.
"Small businesses are a critical
part of our community - they help strengthen our neighborhoods and
fuel our local economy," said Patricia J. Kratz, vice president,
Univest Bank and Trust Co.SM "At Univest, we are proud
to invest in and support local small businesses and have been doing
so for more than 135 years."
As an SBA Preferred Lender, Univest
is able to make loan decisions faster and has a better response
time for borrowers. SBA loans offer borrowers more collateral
flexibility, longer loan terms, no balloon payments to negotiate
and no prepayment penalties.
Univest's dedicated staff of more
than 25 commercial lenders assists small businesses in Bucks,
Chester, Lehigh and Montgomery counties. If you are interested in
learning more about Univest's SBA lending program, call
877-723-5571 or visit www.univest.net.
*Investment and insurance products are offered through
Univest Investments, Inc., member FINRA/SIPC, and Univest
Insurance, Inc., licensed non-bank subsidiaries of Univest
Corporation of Pennsylvania.
Headquartered in Souderton, Pennsylvania, 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.
Univest Bank and Trust Co.SM, a member of the FDIC and
an Equal Housing Lender, offers customers 32 financial
service centers, 12 retirement financial services centers, and
39 ATM locations throughout the region, and is the parent company
of Univest Capital, Inc., a small ticket
commercial finance business; Univest Insurance, Inc., an independent
insurance agency headquartered in Lansdale, Pa., which serves commercial and
personal customers; and Univest Investments, Inc., a member of
FINRA and SIPC and a full-service broker-dealer and investment
advisory firm. For more information on Univest Corporation of
Pennsylvania and its subsidiaries, please visit www.univest.net.