Enterprise Bank & Trust

Blog

December 2016

Beware of Amazon Phishing Scam

December 15, 2016

Are you doing a lot of your holiday shopping on Amazon.com? We know we are! Be on the lookout, though. Some shoppers are receiving emails that appear they’re from Amazon about your order not being shipped, but are really these are just clever fake emails.

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November 2016

The Five Cs of Credit

November 1, 2016

It’s been said “It takes money to make money.” As a business owner, you might find yourself talking to a bank, a surety company or other provider to secure financing. Knowing what guidelines banks and other institutions utilize to determine if your business is creditworthy can help you achieve your goal.

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October 2016

Do You Have a Good Relationship with Your Banker?

October 31, 2016

In this difficult economic environment, having a good relationship with your bank and banker is critical to the success of your business. A strong relationship with your bank will not only give you access to capital, but also help you obtain better credit structure and pricing. One of the main causes of the breakdown in the relationship between the banker and entrepreneur is communication.

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Improve Profitability: Your Guide to Key Performance Ratios

October 25, 2016

Do you have a dashboard of performance ratios to help manage your business? Are these the same ratios your bank and bonding company analyze to make decisions about your company credit?

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A Three-Pronged Approach to Cash Flow Management

October 24, 2016

Cash flow is the lifeblood of your business. One of the few positive effects of the recent financial crisis has been to reinforce the importance of implementing an effective cash management program. By taking a strategic approach to managing working capital, treasurers can free cash flow and maintain a healthy financial state.

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Cash Flow is King: Managing Cash Flow in a Growth Economy

October 17, 2016

What is the primary reason that profitable companies fail? CASH FLOW. Or, the lack of cash flow to be precise. After seven years of slogging through the Great Recession and feeble recovery, industry backlogs are strengthening and the near-term outlook is as favorable as it has been since 2007. Great news, right? It can be as long as owners pay close attention to their cash flow and capital position.

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September 2016

Business Succession Planning

September 22, 2016

An ideal estate plan for a closely-held business owner should have two major components: (1) an estate plan and (2) a management succession plan. The estate plan addresses issues involving succession to beneficial ownership of property, minimizing transfer taxes and providing for adequate liquidity. The management succession plan centers around the control of the property, establishing a successor(s), management of the business operations and other unique family considerations.

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What Can Baseball and Business Intelligence Teach Us About Winning in Business?

September 7, 2016

In today’s fast-paced business world, having instant access to key decision-making information is critical. It not only provides a competitive advantage, but it is also directly tied to an organization’s ability to compete.

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August 2016

fraud prevention

Fraud Prevention: Identifying the Top 4 Types of Fraud

August 25, 2016

You are an expert at your business, but what do you know about fraud prevention? Criminals target small businesses because they know you don’t have the resources to monitor for fraudulent activity. The first line of defense is knowing the most common types of fraud.

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fraud prevention

8 Steps to Help Prevent Small Business Fraud

August 25, 2016

Financial fraud has become an increasingly common threat for many small businesses. How pervasive is the crime? According to the Association of Certified Fraud Examiners, the typical small business loses 5% of annual revenues to fraud.

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ach fraud

Business Owner's Guide to ACH Fraud Prevention

August 25, 2016

Being aware and prepared are the best ways to help prevent ACH fraud. Small businesses are often too busy to dedicate time and resources to fraud prevention. There are, however, simple steps any business can do to help manage the problem.

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check fraud

Business Owner's Guide to Check Fraud Prevention

August 25, 2016

It’s not a matter of if, but when fraud will happen. Although there are many forms of payment fraud, checks continue to be the payment method most often targeted. After all, checks are still a commonly used payment method.

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search engine optimization

How Do Search Engines Work?

August 22, 2016

You probably have a pretty good sense about what a search engine is. Google and Bing are the most common in the U.S. and you’ve probably used them a time or two. Search engines go far beyond what Google and Bing can offer, however. Search engines are all around you online.

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fed rates

The Latest from the Fed: How Soon and How Much?

August 18, 2016

This week two Federal Reserve Bank Presidents spoke on the issue of monetary policy and the short-term Fed Funds target rate and both were somewhat bearish. On Tuesday, New York Fed President William Dudley, stated that, “We’re edging closer towards the point in time where it will be appropriate, I think, to raise interest rates further.”

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Productivity Growth (or a Lack There of): A Problem?

August 16, 2016

Last week, the Bureau of Labor Statistics released the second quarter estimate of labor force productivity in the US. The report indicated that for the last three quarters, productivity has actually fallen in this country.

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The Global Economy: Not as Bad as You Think?

August 12, 2016

The U.S. economy keeps chugging along, but economic growth overseas is hit or miss. Outside of the US, developed country growth is anemic, but emerging market growth in the Asian region may be climbing.

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Fraud Alert: Business Email Compromise Schemes

August 9, 2016

Hackers can duplicate legitimate email addresses, and then pretend to be someone within your organization. They will ask you to send a wire transfer or payment urgently for what may seem to be a legitimate purpose.

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The Bank of England and Negative Sovereign Yields

August 5, 2016

Yesterday, the Bank of England, led by Governor Mark Carney, announced that it would lower its Official Bank Rate to 0.25% from 0.5% and increase its monthly long-term bond purchases from £375 billion to £435 billion.

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July 2016

Corporate Profit Season: Where Do We Stand?

July 29, 2016

We do not spend too much time in this forum discussing microeconomic issues. However, since we are in the middle of the second quarter earnings release season and the macro-economy is quiet at the moment, we thought it would be a good idea to turn our attention to earnings news.

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Celebrating Client Success: ACA Business Club

July 29, 2016

Shine the spotlight over here, please! We like to recognize our hard working clients and celebrate their successes. Let’s hear it for Martin Hess, General Manager of the ACA Business Club.

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Federal Reserve Monetary Policy: St. Louis Fed Changes Regimes

July 13, 2016

The St. Louis Fed has taken a new stance on monetary and macroeconomic policy. Dr. James Bullard, President of the St. Louis Fed, laid out the stance in a presentation to the National Association of Business Economists yesterday.

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Quarter End Market Review

July 6, 2016

The situation in the UK and Europe is very fluid and likely to take many twists and turns over the next few months and/or years. The capital markets have never experienced a situation like this before and that makes investors anxious.

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June 2016

Brexit: Surprisingly, Not the Only News!

June 30, 2016

While world leaders, capital markets and the general populace are still focused on last week’s vote in the UK and its economic and political impact, life goes on, as they say.

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Brexit: Initial Impressions

June 27, 2016

As you know well by now, the UK electorate voted to leave the EU last week. The capital markets reaction on Friday was predictable. Japan and developed European equity markets sold off between 4-7%, depending on the market.

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Enterprise University: 2016 Spring Semester Recap

June 21, 2016

St. Louis, Kansas City and Phoenix business owners finished the 2016 Spring Enterprise University semester last month and will now be using the upcoming summer months to implement their new learnings.

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More on the Fed: No Tightening in June or July

June 10, 2016

As everyone knows by now, last week’s employment report from the Labor Department was much weaker than expected.

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Handicapping the Fed: June, July or Not at All?

June 2, 2016

While the next FOMC meeting is not scheduled until June 15th, this week’s economic data releases from several government and private sources may be critical. The Fed has signaled its intent to raise short-term interest rates.

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May 2016

Preparing Your Business for Tornados and Other Natural Disasters

May 27, 2016

Natural disasters, such as tornados, hurricanes, earthquakes, pose a serious threat to the operation of businesses, and the safety of its associates and customers.

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April 2016

Your Financial Guide for a Successful Year

April 6, 2016

Looking for a financial guide to put you on the right path this year? This Financial Guide infographic is sure to set you in the right direction.

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Business Loans: What Banks Look For

April 6, 2016

Banks that provide business loans look for specific characteristics. Are you eligible for a business loan? Use this helpful infographic to find out.

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March 2016

Four tax tasks every business should do

March 2, 2016

It’s here: tax season. As all the paperwork (and stress) amplifies, here are four bookkeeping tasks you should check off your to-do list.

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How to make the most of your tax deductions

March 16, 2016

Looking to save money? According to Entrepreneur, one easy way is by finding legitimate tax write-offs that intersect both personal and business expenses.

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How to better leverage your accountant

March 30, 2016

Step 1, the most important (and only step): Limit the tax talk.

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