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Univest Bank and Trust Co

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Description

Univest Bank and Trust Co offers comprehensive SBA lending solutions designed to support small businesses in securing funding for growth and operations. With a focus on personalized service, they assist clients through the SBA 7(a) loan program, providing access to capital for various business needs including working capital, equipment purchases, and expansion projects. Their team is committed to guiding borrowers through the application process, ensuring they understand the requirements and benefits of SBA-backed loans. Located in Souderton, Pennsylvania, they serve local businesses with a tailored approach to financing, emphasizing flexibility and customer satisfaction. Whether you’re a startup or an established enterprise, Univest Bank and Trust Co aims to facilitate your business success with competitive terms and dedicated support. Their expertise in SBA lending makes them a reliable partner for entrepreneurs seeking reliable funding options. They also support other SBA programs, offering a range of financial products to meet diverse business needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
26
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan options and financial services tailored for small businesses, helping them secure funding for growth and operational needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are standard fees associated with SBA loans, including guarantee fees and closing costs, which vary based on the loan amount and terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents in the Souderton area, but may also work with out-of-area clients depending on the loan type.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 620 is preferred for loan approval.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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