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Business Express Loans

Commercial Banking

Business Banking Express Loans

 

Univest’s business express loan options are designed to provide businesses with quick-funding loans up to $100,000 and offer:

  • Competitive interest rates
  • Faster loan approvals
  • Limited documentation
These convenient working capital loan options are the perfect solution to meet your cash flow needs.
 
 
CREDIT LIMIT1 $5,000 - $100,000 $5,000 - $100,000
TERM2 3-year draw with a repayment period 5 or 7 years
INTEREST RATE3 Prime + 5.00%
5-years: Prime + 4.00%
 
7-years: Prime + 5.00%
ANNUAL FEE $0 $0
PROCESSING FEE4 $275 $275

Line of Credit
Term Loan
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  1. Credit Limit: All Univest Business Banking Express loan and line of credit applications are subject to approval, require a personal guarantee from business owner(s) as defined by the Bank, and collateral of business assets. Loan amounts over $50,000 will also require proof of business personal property insurance. The Univest Business Banking Express Loan Program is not available for loan amounts over $100,000 or to non-profit organizations. A depository relationship shall be established and maintained with Univest for the duration of the Loan.
  2. Line of credit term has a 3-year, variable rate draw period; loan balance is then converted to a 10-year fixed-rate principal and interest term. Term loans are fixed for 5 or 7 years.
  3. Interest Rate is based on the Prime Rate as published in The Wall Street Journal plus a margin. Prime rate is 5.00% as of 10/22/2019.
  4. A one-time processing fee to be collected at loan origination.

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