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The marketplace is constantly changing. So when it comes to supporting the long-term success of your business, few things are more important than learning to adapt to new market conditions. It’s all about agility. But let’s be honest: Business owners crave stability. After all, once they’ve developed the skills and products to compete in their market, why would they want to continuously…
The low interest rate environment that currently exists in the United States is a double-edged sword. On one side, it’s an opportunity for businesses to borrow money at a low interest rate making it easier to expand, purchase equipment or invest in new income earning assets. But, businesses with a low leverage (i.e. few loans) or strong cash liquidity are penalized with little or no interest earned on the deposits they keep in bank accounts. The good news is there are opportunities for business owners to maximize earnings on their cash. Ephrata National Bank has compiled a list of 6 opportunities that could result in your money working harder for you.
The financial aid award letter outlines the financial support available to a student and is provided by each school a student has been accepted to, as long as they filled out the FAFSA in the fall. While each award letter contains the same basic information, the formatting may be different. You’ll need to compare the terms, conditions and details of each letter to get the whole picture. In this article, we’ll help crack the code to find the best college fit.
If you’re looking to borrow money, you’re undoubtedly aware that there are many loan options to choose from on the market today. When shopping for a loan, you will notice that loans typically fall into two categories, secured and unsecured. Your borrowing need and financial circumstances will ultimately determine which type is the best fit for you, but it’s also important to understand the basic characteristics of the each loan.
Entering the real world can be overwhelming and confusing, and it’s easy to get behind on expenses if you’re not planning properly. In this article, we’ll show you the warning signs that you’re living above your means and what you can do about it.
If you need extra funds and have equity in your home, securing a home equity line of credit (HELOC) can put cash into your account without selling your home. Living in a neighborhood with rising home values might even increase the amount you can borrow. Like other loans, a HELOC has advantages and disadvantages that must be weighed against your overall financial goals.
When your home remodeling project requires more skill than you possess, turning to a qualified contractor to complete the job might be a good idea. A contractor can take care of ordering materials, offers a satisfaction guarantee, and helps remove the stress associated with a home renovation project. Leave the work to the professionals and enjoy the results.
College isn’t getting cheaper. Unless you graduated recently, your child’s education will likely cost much more than yours did. In fact, tuition alone has tripled in the past 20 years. Room and board are rising even faster – at a higher rate than the cost of inflation. That’s why roughly 70% of students rely on education loans to pay for college. Here’s how you can help.
After weeks of browsing house hunting websites, driving neighborhoods, and touring a few select open houses, you're ready to buy your dream home. Unless you plan on paying cash, you'll likely need a home loan. As long as you can find a mortgage with payments that don't exceed your monthly budget, any loan will do, right? Maybe not.
Although there is much uncertainty still surrounding Covid-19, it looks like most colleges intend to welcome students back to their campuses this fall in some way, shape or form. As everyone awaits final guidance, it’s best to be prepared to move quickly once final approval is given as college move-in day is approaching fast. If you haven’t experienced it before, plan for a long afternoon of organized chaos. Along with the usual stressors of moving, you’ll also be dealing with crowds, navigating campus and trying to make a tiny, white box of a room feel homey. Did we mention you’ll be doing all of this in just 1 day? Here are some simple tips to help keep you calm in the storm of boxes, bags and new beginnings.
