An ENB customer drinks coffee and looks at epnb.com

Category: Business Resources

December 11, 2024

5 Ways to Plan Ahead for Your Loan Meeting

Applying for a small business loan or line of credit can be a key step in starting a new enterprise or moving it forward. When you meet with your lender, they’ll request documents and ask questions to get to know you, your business, and your goals. Being well-prepared for this meeting can help you demonstrate that you’re a creditworthy client. Here are…

November 15, 2024

3 Types of Credit That Can Help You Grow Your Business

Types of Credit That Can Help You Grow Your Business Which type of business funding is right for you? Access to diverse credit options is crucial for both the growth and stability of a business. Whether you run a small startup or a well-established enterprise, understanding the different options for business credit can help you make informed decisions about managing your…

October 18, 2024

Funding Growth: The Basics of Expansion Financing

Are you a small business owner looking to build a new storefront, diversify product offerings, conquer a wider geographical market, hire more employees, or pursue some other major growth goal? Chances are, you’ll need some extra working capital. Not sure where to start? Let’s look at how to assess your expansion financing needs, compare funding options, and prepare for success. How Much…

September 18, 2024

Planning and Budgeting for Capital Expenditures

Investing money back into your business is an important way to support its long-term success. To keep your business running efficiently, help your team work productively, and accommodate greater customer demand, it’s often necessary to invest in fixed assets like new facilities, facility upgrades, vehicles, or equipment. Capital Expenditures vs. Operating Expenditures Business costs are usually categorized either as capital expenditures (CapEx) or…

August 07, 2024

Tips for Training the Next Gen to Run Your Family Business

Passing on your family business to the next generation requires careful planning and execution. Beyond ensuring the business’s long-term viability and growth, you will want to preserve your family’s legacy and values through strategic, informed succession planning. While professional advice from attorneys, accountants, and consultants will be essential for navigating your unique situation, these tips can help you get started …

March 28, 2024

5 Cash Flow Tips for Seasonal Businesses

From farms to food trucks and hotels to holiday retailers, seasonal businesses are a vibrant and vital part of the economy. Seasonal businesses have a unique opportunity to capitalize on timely demand and harness pricing power to generate substantial revenue over a relatively short period. The downside? Small-business owners have to make ends meet 12 months a year; too often, revenue…

November 30, 2023

5 Estate Planning Essentials for Entrepreneurs

You’ve worked hard to make your business a success. So, it’s important to ensure that your business can continue to run smoothly and deliver value to your family, team, and customers even if you’re no longer at the helm. It’s a task that entrepreneurs often put off in favor of more pressing day-to-day demands, but it’s crucial to create an estate…

Contact us and we’ll answer your questions.