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Liquidity Equals Flexibility

At a recent seminar, the topic of liquidity, or cash on hand, came up as an important tool that a business should have at their disposal. It may be true in other regions, but specifically in Lancaster County, there is a culture of paying debt off quickly, at the expense of having liquidity available. The debate goes, “Why pay interest expense on debt while earning a lower rate than that on our deposits.” This argument doesn’t take into the account the importance of the flexibility that having cash on hand provides. It is easy to lose sight of that…

Customized Financial Solutions for Commercial Real Estate

Commercial Real Estate, commonly known as CRE, is a commercial lending practice where the source of repayment for the loan is derived from the rental income of an investment property. With a team of dedicated, ‘boots on the ground’ lenders, Univest has extensive experience in CRE lending. This can range from a 5-unit apartment building to a several hundred-unit multi-family complex, or a single tenant retail location to a large regional power center. Market segments we work with include multi-family apartments, retail, industrial, office, mixed use and residential sub-divisions.

Univest offers financing for the acquisition of new investment properties or…

Is Your Business Prepared for the Next Downturn?

With lots of thriving, small businesses here in the mid-Atlantic, we have plenty of reasons to be thankful and celebrate what is happening with today’s economy. We experienced a steady recovery and a bolstering of the overall business community since the significant challenges of the ‘great recession.’ While it feels as if there is finally some hope, release of pressure and confidence in the market again, that doesn’t mean we shouldn’t consider there may be tough times ahead. It is never too soon to start preparing. The sooner we begin to prepare, the less impact the next downturn will…

Providing Benefits to The Multi-Generational Workforce

The beginning of a new decade provides the perfect backdrop to examine the employee benefits landscape and the evolving partnership between organizations and employee benefit consultants. One of the biggest challenges facing employers today is how to offer and effectively communicate benefits that satisfy the different needs of the multi-generational workforce. For perhaps the first time, there are now five different generations in the workforce from generation Z just graduating from college through pre-retiree baby boomers focused more and more on sailing off into the sunset. Benefits need to attract new employees to businesses and then retain those new…

How Your Business Can Maximize Low Interest Rates

In the past when I have tackled this topic, we were expecting significant interest rate increases. However, most recently we have seen interest rates decline. That still begs the question – as a business owner, what should you do? There are several things you can do as a business owner to take advantage of historically low rates.

  • Refinance – If you have any long term debt that carries a high interest rate, you should consider refinancing this debt. Be sure to review your documentation for exit or penalty fees. Also, keep in mind, even if you have…

Time is Money – Quick Access to Capital

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…

Is Your Culture Driving Business Success?

At Univest, we highly value our culture and truly believe it drives performance. We also realize that culture isn’t something that just happens – it has to be defined and cultivated. We firmly believe that an engaged workforce who follows a common set of fundamental behaviors creates success. The Univest Way consists of 18 fundamentals that describe the daily principles and practices that make our five core values come to life and truly serves as the foundation of our culture.

One of my favorite of the fundamentals is “Assume Positive Intent.” Which the Univest Way defines as:

“Believe in the goodness…

Tips to Protect your Business from a Fire-Related Emergency

October is National Fire Safety Month. Although the prevention of residential fires is the focal point of the month, employers should also spend some time reviewing workplace fire safety and prevention as it pertains to employees, equipment and property. In 2017, there were 123 occupational fatalities involving fire. Here are some steps to help prevent or prepare for a fire-related emergency at your facility:

  1. Practice good housekeeping throughout your facility to eliminate potential fuel sources as well as trip hazards when evacuating the premises.
  2. Maintain the proper type and amount of fire extinguishers onsite and…

Tips to Help Employees Beat the Winter Blues

For many, the arrival of fall brings on mental and physical changes as the temperature drops and the hours of daylight get shorter. Seasonal Affective Disorder (SAD) is a type of depression caused by the change in seasons, typically affecting people from fall through the winter months. An estimated 10 million Americans are thought to suffer from this disorder. SAD manifests itself in many ways with symptoms that can differ from year to year, but are consistently associated with seasonal mood changes. Symptoms may include but not limited to:

  • Difficult waking up in the morning
  • Mood changes

Is It Time To Refi Your Commercial Property?

On September 18, 2019, the Fed reduced prime interest rates for the second time in 2019. With falling interest rates, you may be considering a refinance of your commercial property. There are many reasons why this could benefit your business. Perhaps you want to look into a cash-out refinance to utilize the equity you’ve been building in your property to use for renovations or other investment activities. Maybe you want to switch from a variable to a fixed rate in order to lock in some financial security. Perhaps you have an upcoming balloon payment that you’d like to avoid….

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