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How to apply for a business loan checklist

Commercial Banking

application process


am i ready to apply for a loan? 

FOR SMALLER BUSINESSES OR START-UPS

If you are interested in applying for a loan, you may want to ask these simple questions to determine if you are ready: 

  1. How much money do I need to borrow?
  2. What do I plan to do with the loan proceeds?
  3. Is my company profitable?
  4. How many years have I been in business?
  5. What is my annual revenue?
  6. How is my personal credit? Do I pay my personal bills on time?


what do i need to apply? 

THE APPLICATION PROCESS AND DOCUMENTATION NEEDED VARIES 

We typically request the following documents: 

  1. Federal income tax returns (last 3 years of business and personal)
  2. Accountant prepared financial statements (business and personal)
  3. Year-to-date financials
  4. Business plan (for start-ups or expansion)
  5. Projections (for start-ups or expansion)
  6. Additional financials as determined
The approval process varies based on the loan request. For loan amounts under $150,000 we offer same day approval.
To apply for a loan, simply fill out the contact form on this page and we will connect you with one our experienced relationship managers.
 
 
 
 

available loans

Univest supports the borrowing needs of businesses in Pennsylvania and New Jersey by offering the following lending solutions:


Ready to apply? Contact a relationship manager to get started today.

 

Beneficial Ownership: Federal regulation requires most legal business entities to provide information about their beneficial owners when opening a new deposit or loan account with a financial institution. For additional information, please review the Beneficial Ownership FAQs.

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