ENB Insights

Liquid assets are your business’s lifeblood. Maintaining a strong liquidity position enables your company to weather temporary disruptions, secure affordable financing, and pursue sustainable growth. To gain a full perspective on this element of your finances, you’ll need to understand liquidity ratios. In this article, you’ll learn what liquidity ratios are, how to calculate and interpret them, and how to optimize…

ENB has become aware of a new vishing scam in which reports indicate some of our customers have been targeted.  Perpetrators of this scam call ENB customers posing as a "Security Officer from Ephrata National Bank".  The caller then asks the customer to confirm suspicious transactions on their accounts. Once the customer confirms the transactions are not valid, the fraudster…

When it comes to running a business, every penny counts. That is why it is essential to understand the fees associated with credit card processing. The fees can vary depending on the type of card used, your business transaction volume, and the processing company you choose. If you want to reduce your credit card processing fees, here are four tips…

Thinking about refinancing your mortgage? Consider these ideas to determine if now is the right time for you.

Individuals and businesses have become targets to a growing online fraud scheme known as ransomware. Ransomware is a form of malware used by cyber criminals to freeze your computer or mobile device, steal your data and demand a “ransom” —  typically anywhere from a couple of hundreds to thousands of dollars — be paid.

A college education is associated with increased earnings, fewer periods of unemployment, and greater job satisfaction.1 However, paying for college without incurring debt remains a challenge. Tuition, fees, and living expenses often surpass the amount set aside in college savings plans or available through federal and state grant programs. For many students, scholarship opportunities are limited, leaving loans as the…

You’ve spent weeks, even months searching for your dream home.  You’ve viewed countless listings with your realtor and attended several open houses on your own.  Finally, your hard work has paid off.  You’ve found the home of your dreams and it falls with your budget; however, reality now sinks in.  You’re going need to sell your current home in order to make the down payment on the new one and the fear that your dream home will be sold to someone else while this happens becomes real.

Corporate account takeover is a type of fraud where thieves gain access to a business’ finances to make unauthorized transactions, including transferring funds from the company, creating and adding new fake employees to payroll, and stealing sensitive customer information that may not be recoverable. Ephrata National Bank recommends following these tips to keep your small business safe.

Ready to scale up your business? Whether you’re planning to roll out a new product, expand your territory, renovate your storefront, grow your team, or make any other kind of strategic investment, you’ll likely need some funding. Both term loans and lines of credit can allow you to take advantage of new opportunities while maintaining sufficient working capital to cover your current…

There is no one-size-fits-all approach to marketing and for many producers, it can be the worst part of the job, but having a plan in place will take some of the risks off the table. We recommend the following to help producers tackle the complicated task of marketing: Know your break-even costs. Factor in all of your costs including input…