Author Archives: Enterprise Bank & Trust

Fraud: Startups at increased risk

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By Chris McCulloch, CFE SVP, Corporate Security Officer Enterprise Bank & Trust Becoming a victim of fraud is probably not at the top of a startup executive’s worry list. However, businesses of all sizes are the victims of fraudulent behavior every day, and, interestingly, smaller businesses are at high risk. Fraud comes in a variety of forms and from both ...

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12 things startups can do to control the rising cost of health insurance

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by Jason Koelling Vice President, Relationship Manager Enterprise Bank & Trust The rising cost of health insurance has been well documented. Employers’ health care costs started small. In 1950, health benefits amounted to only 0.50% of total compensation, according to the 2018 Willis Towers Watson report, “Health Care USA: A Cancer on the American Dream.” Since then, health insurance premiums ...

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Behind the curtain: Demystifying the business loan approval process

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by Mark Lawson, Director of Treasury Management Enterprise Bank & Trust, Member FDIC The Journey to “Yes” Every entrepreneur dreams of having more capital. Whether you need to purchase equipment or expand, it can often be the missing ingredient needed for you to be successful. When you arrive at the moment that you need to explore securing capital to fulfill those ...

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Hidden costs that are busting your profits

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By Mark Lawson, Director of Treasury Management Enterprise Bank & Trust, Member FDIC The never-ending quest to boost your company’s financial growth and profitability has many obstacles — regardless of the size of your business. Some hurdles are obvious but unavoidable, such as increases in the cost of raw materials, or increased tax burdens. Other threats to your profits prove ...

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Best practices to protect your business

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Protecting your startup from fraud is such an important consideration, but one that can be easily overlooked in the huge list of priorities you’re dealing with every day. But it is important to know that 78% of companies were targets of payments fraud last year, according to the AFP Payments Fraud and Control Survey. Since 2016, fraud has been on ...

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Planning: Start 2019 off right

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As the number of startups continue to grow throughout the country, it’s important for you to stay ahead of your competitors. Taking your business to the next level requires being strategic and having a growth plan in place. As part of Enterprise Bank & Trust’s ongoing Think Tank series, they recently surveyed nearly 150 privately held business leaders on the ...

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