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ENB Insights

May 13, 2021

3 Things You Should Know About Escrow Accounts

Among the many new terms you'll learn when buying your first home, "escrow" is apt to be one of the most challenging to understand. This is often due to the fact that escrow functions differently depending on where you are in the home buying process. Here are three things you need to know about escrow accounts as you prepare for homeownership.

May 05, 2021

PPP Loan Funding Exhausted

On May 4, the Small Business Association (SBA) announced that funding for the SBA Paycheck Protection Protection has been exhausted.  As a result, Ephrata National Bank is no longer able to accept PPP loan applications.  Customers who submitted applications on May 4 or later, should contact their relationship manager regarding their application status. 

April 30, 2021

Retirement Plans: A Guide for Business Owners

Setting up a retirement plan is one of the best ways to ensure your business is helping you and your employees build a financially secure future. Unfortunately, the smaller a business is, the less likely it is to offer a retirement plan. According to the SCORE Association, just 28% of businesses with fewer than 10 employees offer retirement plans. Small-business owners…

April 26, 2021

5 Backyard Renovation Projects That Increase Home Values

Warmer temperatures have arrived, along with the desire to enjoy the outdoors. While a drive to the beach or lake might be on your summer travel list, you don't have to go that far to relax in the sun this season. Backyard renovation projects could shine a light on your living space in ways you didn't think were possible. A redesign might also increase the value of your home.

April 14, 2021

Should You Build or Buy Your Next Home?

More than half of Americans (56%) plan to move in 2021. That's up 21% from last year. The spike might be due to the pandemic's influence on the surge in remote work and the desire for a lower cost of living. Many people now work from home, and using the kitchen table or a small closet as an office isn't preferred as a long-term solution. A new home with office space and more square footage solves the problem, while also giving family members more space to enjoy their favorite leisure activities.

April 01, 2021

Business Taxes: Ideas for Last-Minute Filers

For most of the year, focusing on running your business can take priority over focusing on your taxes. As a result, it can be easy to put off filing your taxes, especially this year, given the many new challenges that business owners are facing. With Tax Day looming, if you haven’t done your business taxes, the last-minute scramble to track down paperwork and crunch numbers can feel overwhelming. Especially if you’re new to running a business. If you’re one of the many last-minute tax filers out there, we want to help by sharing a few tax planning strategies to help you save time, reduce the stress of filing, avoid costly mistakes, and make the process easier next time around.

March 24, 2021

3 Things You Can’t Afford to Ignore During the Mortgage Process

A mortgage loan can turn the dream of homeownership into a reality. Completing a mortgage loan application, gaining loan approval, and closing on the loan are necessary steps before unlocking the door to your new home. But, the mortgage process is about much more than meeting these critical milestones.

March 18, 2021

American Rescue Plan Act Economic Payment Information for Consumers

On March 12, 2021, Congress passed and the President signed legislation for the American Rescue Plan Act of 2021 that authorized the IRS to distribute Economic Impact Payments (EIP) to eligible individuals. The relief package is intended to provide assistance to American consumers and businesses struggling as a result of the Coronavirus Pandemic.

March 09, 2021

Business Tax Tips That Help Your Workers (and Your Bottom Line)

Running a small business is a balancing act. On the one hand, you’ve got to focus on your bottom line. On the other hand, you need to support the well-being of the employees that keep your business going. You can do both by finding ways to support your workers’ financial wellness. Particularly now, during the COVID-19 pandemic, employers of all sizes are recognizing the importance of helping their workforce stay financially fit. Experience has shown that financially secure employees are more productive and dependable. If you want to boost your employees’ financial wellness – and your bottom line – these employee-friendly tax strategies are a great start.

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