Did you know the cost to replace an employee can be thousands of dollars? If you don’t want to spend that kind of money – and who does? – it’s key to keep the employees you already have. While some turnover is expected, taking action now will go a long way toward keeping your company… Read more »

Bookkeeping is the daily process of keeping records of all of a company’s financial transactions. A bookkeeper records the expenses, sales, and bank and cash transactions of a business in a general ledger, the accuracy of which is of the utmost importance come tax season. Depending on the size of your business and the number… Read more »

When you drafted your business plan, you outlined your goals and the path you’d take to achieve them. Now that your company is up and running, your business plan might not be an accurate representation of your new goals, the state of the market and your enterprise’s worth. Your business is a living, breathing entity… Read more »

If you own a small business, getting a loan might seem daunting. Fortunately, Minster Bank’s small business loan program can make it simpler. What is Minster Bank’s Small Business Loan Program? If you’re an entrepreneur with a brand-new business plan or a small business owner looking to start new construction on your existing storefront or… Read more »

When Lee Hendricks, DDS, of Cadence Dental Group grew frustrated with how a larger bank was handling his Payment Protection Program (PPP) application, he turned to Minster Bank for help. Keep reading to see how the business banking relationship between Cadence Dental Group and Minster Bank grew from there. Small Business Assistance with the PPP… Read more »

Starting a business at age 21 is scary and nerve-racking, to say the least. You have no idea what you are doing and “literally, no money,” laughs Karla Thornton, owner of the New Bremen Massage Clinic. That was more than 10 years ago and one-third of the business she has now. Since opening in 2007,… Read more »