ENB Insights

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…

Imagine opening your bank statement and seeing debit card transactions you never made on your checking account. While the realization that your debit card has been compromised begins to sink in, you also notice that these unauthorized transactions have caused your account to become overdrawn.

If you’re looking to borrow a Home Equity Loan or Line of Credit, the term debt-to-income ratio is likely to come up. This is a major consideration when a lender is evaluating a credit application. You'll want to be sure to know what it means.

Whether you’re just starting to think about buying or ready to buy, these tips can help you navigate the process.

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…