Commercial lessor Univest Capital, a subsidiary of Univest Bank and Trust, has hired Mitch Terkeltaub as vice president and business development manager.

In this role, Terkeltaub will be responsible for providing equipment leasing solutions, primarily for customers in the healthcare industry.

With more than 40 years in financial services, his extensive experience allows him to serve the highly technical healthcare industry that requires medical facilities maintain pace with cutting-edge science and patient care. Doctors and administrators can utilize Univest’s flexible lending programs for equipment up to $250,000. Univest Capital is adept at financing equipment for ultrasound, diagnostic equipment, EMR software, ophthalmic equipment and much more.

Before joining Univest Capital, Terkeltaub was the owner and president of Lance Leasing for 38 years.