SBA Programs
What is an SBA Loan?
The U.S. Small Business Administration (SBA) is a federal government agency that offers a wide array of loan guaranty programs and other support services designed to help small businesses that may not otherwise qualify for credit get the funds they need. Since it was established in 1953, the SBA has approved almost $300 billion in loans to small businesses across the country through its bank and lending partners.
Benefits
- Qualifying for an SBA loan is often easier than qualifying for other types of loans
- Quick loan approval
- Longer repayment term
- Less money down
- Competitive fixed and variable rates
Program Features
This helps small businesses keep more cash flow for operational expenses and put less towards debt repayment.
Loan Purposes
SBA loans can help growing businesses with a variety of financing needs such as purchasing or renovating real estate, business acquisition, business start-up; franchise financing, working capital, purchasing inventory and equipment or debt refinancing.
Why Univest?
Univest has the experience needed to help you meet the challenges of running your business. For more than 130 years, we have remained committed to understanding the needs of small businesses. Whether you need to finance growth, improve cash flow or purchase new equipment, we work closely with our customers to help them choose the right borrowing solution. In addition, because we're in your community, all lending decisions are made locally.
Univest is proud to be a SBA Preferred Lender in recognition of our strong record of accomplishment and efficiency in processing SBA-guaranteed loans. Preferred Lender status lets us provide our SBA loan customers with faster approvals and processing.
Which SBA Loan Is Right for Your Business?
| SBA 7(a) Loan | SBA 504 Loan | SBA Express Loan | SBA CAPLine | |
| BEST FOR: | For-profit businesses in a variety of industries, including new or start-up businesses. Business must meet SBA guidelines. | Businesses that require long-term financing to purchase, expand or construct owner-occupied real estate or purchase major equipment. Business must meet SBA guidelines. | New or growing for-profit businesses with borrowing needs up to $1 million. Easier application process than other SBA loan options. Business must meet SBA guidelines. | For-profit businesses in a variety of industries, including new or start-up businesses. Business must meet SBA guidelines and business must generate accounts receivable. |
| LOAN TYPE: | Term Loan | Term Loan | Term Loan or Line of Credit | Line of Credit |
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| MAXIMUM LOAN AMOUNT: | Up to $5,000,000 | Projects up to $12,500,000 | Up to $350,000 | Up to $5,000,000 |
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We invite you to discover the difference a OneOnOneSM business banking relationship can make when it comes to helping your business succeed and grow. Call 1.877.723.5571, email or stop by one of our convenient Financial Service Centers located throughout Bucks and Montgomery Counties to learn more and speak with a OneOnOneSM business banker about your specific business needs.
Business Time Line
5-Year Business Time Line
- Borrow from $10,000 to $100,000.
- Secured by lien on real estate.
- Prime rate plus 2% interest on outstanding balance plus low monthly payments billed at 1/120th of the outstanding principal (minimum principal is $100 plus accrued interest).
- At the end of the five year term, the loan will automatically be reviewed with options to renew.
We invite you to discover the difference a OneOnOneSM business banking relationship can make for you and your business. To learn more, or to speak with your OneOnOneSM business banker, email, call 1.877.723.5571 or visit any one of our convenient Financial Service Centers located throughout Bucks and Montgomery Counties.
Univest Visa® Business Credit Card
It's about time your business is rewarded for the purchases it makes. With Univest's Visa® Business Credit Card, your purchases earn you gifts, merchandise and airline miles.
Business Rewards
- No annual fee
- Credit lines from $500-$50,000 available
- Secure online access is available 24 hours a day, 7days a week
- Convenient bill pay by mail, online at www.mycardstatement.com or using Univest Bill Payment
- Manage and control expenses with the ability to separate business expenses from personal expenses and establish separate credit lines for designated employees
- Sign up for the Scorecard Rewards program and earn 1 point per dollar spent on purchases all of your purchases towards gifts, merchandise and airline miles
To sign up for a Univest Business Visa® Credit Card, print out an application today and drop it off at any of our convenient Financial Service Centers.
Visa® Business Rewards Application
We invite you to discover the difference a OneOnOneSM business banking relationship can make for you and your business. To learn more, or to speak with your OneOnOneSM business banker, email, call 1.877.723.5571 or visit any one of our convenient Financial Service Centers located throughout Bucks and Montgomery Counties.
The APR for Purchases, Balance Transfers, Cash Advances and any unpaid balances are subject to the Standard APRs, which vary based on each customers credit score at account opening, as described in the Credit Disclosures.
Member FDIC
Equal Opportunity Lender
Term and Real Estate Loans
Univest takes a creative approach to business financing. Our business bankers design a financing package to best meet your business needs. Whether it's a term loan or an owner occupied, investment, or development real estate loan, we want to make your business a success.
We invite you to discover the difference a OneOnOneSM business banking relationship can make for you and your business. To learn more, or to speak with your OneOnOneSM business banker, email, call 1.877.723.5571 or visit any one of our convenient Financial Service Centers located throughout Bucks and Montgomery Counties.
