As the saying goes, time is money. In the business world that is especially true. You need to access capital to address immediate needs or take advantage of expanding when the time is right. When getting a loan from a bank, I am sure you assume it will be anything but a quick process. However, as the world we live in becomes more and more digitalized, there are new technologies that allow for improvements in speed and efficiency in many areas of our personal and professional lives, including securing a business loan.
At Univest, one such improvement is our implementation of a new user-friendly, cloud-based workflow solution that allows us to make expedited loan decisions. In fact, our anticipated turnaround time for loans up to $500,000 is just 48 hours! Without sacrificing credit quality or the customer service we are known for, we are able to provide business customers quicker access to funds.
As you prep for 2020, be sure to determine your budget, create goals and objectives and then consider how additional funding could play a part.
- What new initiatives would you tackle?
- Do you have the right staff in place to accomplish your goals?
- Is there opportunity to improve cash flow?
- Can you expand your geography?
- Is it time to increase your product line?
- Do you need to purchase equipment?
With access to funds potentially available in just a couple business days, what can your business accomplish? At Univest, we are aiming to change customer expectations as we help you achieve your financial dreams. To learn more about how we can help you access the funds you need faster, contact me at 610.455.2954.
Univest Bank and Trust Co. is an Equal Housing, Opportunity and SBA Preferred Lender