You are now leaving Univest.net. Univest Financial Corporation (together with its subsidiaries and affiliates, "Univest") is not responsible for, and expressly disclaims all liability related to, any third-party site. Univest has no control over the contents of third-party sites and accepts no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any third party websites, you do so entirely at your own risk and subject to the terms and conditions of such websites. Univest does not endorse any third party websites, the contents of such websites or the operators of such websites.
By:
Dan Yocum, SBA Administrator, Univest Bank and Trust Co. May 6, 2022
President Franklin Roosevelt said, “When you reach the end of your rope, tie a knot and hang on!” That is so true for small business owners—they face risks head on, overcome insurmountable obstacles and hustle every day to make their businesses successful. The innovation and determination of small businesses is what drives our economy forward.
In my role as an SBA Lender at Univest, I get to work with some of the most inspiring small businesses imaginable. These are people that took a concept, invested everything they had and work hard every day to make their dreams into reality….
By:
Dan Yocum, SBA Administrator, Univest Bank and Trust Co. October 2, 2018
Are you thinking about starting a business, but have struggled with the concept of obtaining necessary financing? There is no doubt that starting a business is difficult. We’ve all heard the “conventional wisdom” that 90% of businesses fail within their first year. But how accurate are those statistics?
According to the Bureau of Labor Statistics study of Business Employment Dynamics, approximately two-thirds of businesses with employees survive at least two years, with about 50% making it for five or more. After those first few volatile years, success rates improve. So perhaps those doom-and-gloom startup statistics are based more on long-held…
By:
Dan Yocum, SBA Administrator, Univest Bank and Trust Co. December 1, 2017
Small business owners in the restaurant and craft brewing industry have historically approached the Pennsylvania Liquor Control Board with one emotion: dread. Fortunately, the modernization of liquor laws in the Commonwealth has created a thriving craft industry centered on the production and sale of alcohol. Small business owners and craft beer, wine, and liquor enthusiasts…rejoice!
Prior to 2016, Pennsylvania’s archaic liquor laws severely limited the ability of small business owners to obtain a liquor license and cash-in on the lucrative spirit industry. With licenses topping out at more than $400,000 in Montgomery County, for example, virtually no “mom & pop”…