Appoints Jeffrey Pugh as Vice President, SBA Lending
Joins Efforts with Small Business Administration to Honor Greener Ways, LLC
SOUDERTON, Pa., May 1, 2017 – Last year, Univest Bank and Trust Co. created a Business Banking team to focus on serving smaller businesses in Greater Philadelphia and the Lehigh Valley and appointed Hugh Connelly president of Business Banking. One year later, Univest’s support for small businesses continues to grow with the appointment of Jeff Pugh as vice president and SBA program officer whose team can provide loans of up to $5 million for local businesses. While this week marks National Small Business Week, Univest has initiatives planned for the entire month to help small businesses gain access to educational opportunities while also recognizing one of its customers, Greener Ways, LLC, for being selected as the U.S. Small Business Administration’s Eastern Pennsylvania Small Business Exporter of the Year.
Univest invites business owners to participate in the following opportunities:
Tune in for Tips and Insights:
- May 2 : Hugh Connelly, president of Business Banking at Univest Bank and Trust Co., will provide small business lending tips on WFMZ-TV, Allentown, Pa. live at approximately 8:50 a.m.
- May 19 : Connelly, Steve Hunsberger, executive director of Indian Valley Chamber of Commerce, and Rick Howard, Attorney at Weber Kracht & Chellew, will share insights on how SBA lending can help small businesses secure financing on WNPV-1440 AM from 12:10 - 1:00 p.m.
- May 24 : Univest Bank and Trust Co. is partnering with the Indian Valley Chamber of Commerce to host a Small Business breakfast entitled, “Where Are You Taking Your Business?” at the Indian Valley Country Club. Networking begins at 7:30 a.m. followed by the breakfast and panel presentation from 8:00 - 9:00 a.m. The panel comprised of an attorney, business owner and SCORE mentors will focus on business plans, marketing your message and legal issues in growing a small business. The cost to attend is $10.
SBA Awards and Networking Event:
- May 24 : Univest Bank and Trust Co. is serving as a sponsor of the annual SBA Awards which will honor Univest SBA program participant, Greener Ways, LLC as the Eastern Pennsylvania Small Business Exporter of the Year. Networking will begin at 4:30 p.m. followed by dinner and the awards ceremony at the Manor House at Prophecy Creek Park, 205 West Skippack Pike (Rte. 73), Ambler, Pa. 19002.
Univest has been offering SBA loans for more than 40 years and was designated a Preferred Lender, the highest status in the SBA, in 1994. Now, with the creation of this niche SBA lending team, even more small businesses are benefiting from Univest’s SBA lending expertise.
To lead the team, Univest Bank and Trust Co. recently appointed Jeff Pugh as vice president and SBA program officer. Pugh has more than 27 years of SBA expertise and is a past recipient of the SBA’s Financial Service Champion of the Year Award. With access to capital being the number one challenge for many small businesses, Pugh, together with Dan Yocum, SBA administrator for Univest, will focus on meeting this need for local businesses through SBA loans of up to $5 million which offer borrowers more collateral flexibility, longer loan terms and no prepayment penalties on loans with term under 15 years.
Local businesses participating in Univest’s SBA loan program are already realizing success. Nominated by Univest’s Yocum, Greener Ways, LLC, was selected by the U.S. Small Business Administration’s Eastern Pennsylvania District Office as the Eastern Pennsylvania Small Business Exporter of the Year. Since 2003, a dozen other Univest customers have been honored as top-performing SBA program participants including Perkiomen Motorcoach, Solar Atmospheres, Inc., Leidy’s, Inc., Clemmer Moving and Storage and Byers’ Choice, LTD.
“My team’s goal is to help local businesses grow. This isn’t a transactional business, it is about relationships. This is why we’ve invested in a team of experienced lenders who can build relationships with business owners and serve as advisors and we’re proud to continue growing our investment in resources to fuel small business growth,” explains Hugh Connelly. “We live, work and raise our families in these communities so we have as much to gain as our customers. Small businesses are the lifeblood of our communities and we want to be the bank of choice to help them achieve their business dreams.”
To learn more about the Univest SBA Lending program or to register to attend the breakfast or awards event on May 24, please contact Dan Yocum at 215-721-2566.
Greener Ways, LLC, was selected as the Eastern Pennsylvania Small Business Exporter of the Year. Pictured left to right are Dan Yocum, SBA Administrator, Univest Bank and Trust Co., Alan Neiburg, President, Greener Ways, LLC, Tony Leta, Director, U.S. SBA Eastern Pennsylvania District, and Robert Elsas, Regional Manager, SBA Office of International Trade
About Univest Corporation of Pennsylvania
Univest Bank and Trust Co. is Member FDIC, SBA Preferred and Equal Opportunity Lender.
Univest Corporation of Pennsylvania (UVSP), including its wholly-owned subsidiary, Univest Bank and Trust Co., Member FDIC, has approximately $4.2 billion in assets and $3.2 billion in assets under management and supervision through its Wealth Management lines of business. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices in southeastern Pennsylvania extending to the Lehigh Valley and Lancaster, as well as in New Jersey and Maryland and online at www.univest.net.