Knowledge Center

Equipment Financing for Small Businesses

For many small businesses, surviving today’s economic uncertainty means that being conservative with working capital is a necessity. Some can get by with hiring freezes or finding ways to cut down on operational costs. For those who need to purchase or upgrade expensive equipment to remain competitive, however, cutting down on costs may not be enough.

Market Minute

The markets and the economy are ever-changing, making it hard to keep up sometimes. Let WSFS help you make sense of it all. Tune in to our Market Minute update from Andrew N. Davis, CFA®, Director of Research at West Capital Management, a subsidiary of WSFS Financial Corporation.

Effects of Asset Inflation Outpacing the Cost of Living

A dollar today does not represent a dollar tomorrow. Inflation is the cause of that fact. Traditional measures of inflation have depicted a lower rate of inflation over the past 20 years. However, measures used by the government agencies are missing other forms of price increases that cannot be ignored and should be considered.

Get More Confident about Investing – Start by Educating Yourself

At some point in everyone’s life, there is usually a reason that prompts you to start investing. Some of the reasons may include establishing an emergency fund, saving for a home, saving for a college education and building retirement funds.

WSFS Pivots Volunteer and Donation Efforts to Continue Community Support During COVID

The pandemic has had an unprecedented impact on the communities in which we live and work. As the needs of many have increased, so too have the hurdles for providing support to nonprofit and community organizations in a safe, socially distanced way.

Brewing success: How passions for craft beer, comradery and community led to a new family business

Since they first started dating, Kaitlin and Chris McCall had talked about owning their own business, and with a healthy amount of entrepreneurial spirit along with retail management, marketing and finance experience under their belts, they knew they had a foundation for success.

How to choose the right loan to remodel your home, make a large purchase or consolidate debt

With so much talk around home buying and refinance rates driving the housing market this summer and fall, many want to capitalize on the low rates. Homeowners are choosing to make improvements to their existing houses to accommodate remote working and schooling, or other comforts to gain more living space.

Building Wealth During Different Life Stages

Investing should be viewed as a lifelong process. The earlier you get started, the better off you’ll be in the long run. Whether its saving for retirement, a new house or college tuition, most of us will need to develop a disciplined savings strategy.

Meet a myWSFS Banker: Brian Korn dishes out service and pizza advice

Lose a debit card? Brian, a myWSFS Personal Banker, can help. Have a question about a loan for your small business? Brian will set up the appointment with the right lender at WSFS Bank to get you the money you need. Need a recommendation for a pizza restaurant? Just ask Brian.

Managing Cash Access Just Got Easier

Cash isn’t dead – and neither is the means for getting it. A half century after they were introduced, automatic teller machines (ATMS) are still standing strong and banks are expanding ways for customers to use them through Mobile Cash technology.

Why Should You Give Back to Your Community?

While we often stress how saving can help lead to a better life, it is just as important to remember to be a giver as well.

Remote Onboarding: Reimagining the Future of Work

The pandemic caused most employers to reimagine hiring and onboarding practices to pivot the processes to be virtual. In this video, WSFS’ Patrick Best discusses best practices for remote onboarding, including implementing video interviewing and orientation processes, managing expectations and the need to over-communicate with interviewees, how the new hire should be treated as the “Customer,” how to integrate new hires into the company culture remotely and more.

Safe Investment Considerations

Many people are risk averse when it comes to investing. It’s natural to be wary of the volatility of the stock market and to want to protect your savings with a safer investment option.

Tips for How To Give Back to Your Community

Now, more than ever, communities and their nonprofit organizations need support. Social distancing has provided an extra hurdle for nonprofits to assist those in need, but where there’s a will, there’s a way.

A Successful Retirement Starts with You

It starts with you. With retirement a mere five to ten years away, many Americans will start to panic thinking (perhaps appropriately) that they are not on track to retire comfortably. In the decade that I have been an advisor, I’ve seen many unique stories that all share a common thread – the desire to live life to its fullest through the choices we make, the things we own and do, and the people most important to us.

WSFS and Be Ready Community Development Corporation Team Up To Help Revitalize Wilmington Neighborhood

Pastor Lottie Lee-Davis of the Be Ready Community Development Corporation first began working alongside WSFS in about 2016 through serving on the Steering Committee for West Side Grows Together with WSFS Associate Jeff Graf, a Retail Office Manager.

Cash Management Gets a Boost from Smart Safes

In this new normal, businesses need to be more certain than ever about their cash flow. Knowing how much cash is coming in – and going out – allows you to evaluate your business’ financial standing and make necessary operational decisions to keep your business healthy.

Money Management — Simple Steps to Take Charge of Your Finances

By definition, confidence is “a feeling or consciousness of one's powers or of reliance on one's circumstances.” People tend to exhibit confidence in their own abilities based on many factors, including knowledge and experience. Sometimes confidence is felt and observed in the moment, while at others it is seen over time through positive results.

Back-to-School 2020 – How to prepare your family for remote and in-person learning this fall

Back-to-school season is here, and this year is different than any other in our lifetimes. The impact of COVID-19 on our schools last spring was swift as districts had to quickly pivot to remote learning as the pandemic intensified.

WSFS and Anthony Penna Charitable Fund Band Together to Support a Local School’s Music Program

Corynn Ciber, Senior Vice President & Chief Digital Officer at WSFS Bank, first became aware of the Anthony Penna Charitable Fund’s work in the Delaware community a few years ago.

More stressful than a wedding? Many people say buying a home is just that

Think back to the days leading up to your wedding – the tension, the fear and then the relief when the final vows were spoken. It turns out that the homebuying process is a lot like that for many people.

Tips for Rolling Over Your 401(k)

In the shifting landscape that is today’s labor market, Americans are changing jobs more frequently. It tends to happen for a myriad of reasons, from mergers and acquisitions, life events or just looking for a new opportunity.

Day Trading… Don’t Believe the Hype

The sharp downward turn in equity markets due to the pandemic and eventual global quarantine caused volatility to spike to a record high.

Delaware businesses respond to and innovate through unprecedented change

These truly have been unprecedented times. COVID-19 will continue to impact businesses and communities in ways we have not experienced in generations.

First-time homebuyer this summer? Here’s how to build your expert team

Rents are up, mortgage rates are down, and pandemic restrictions are easing. It’s no wonder that so many people across the region are looking to buy their first homes.

WSFS Interns Help Bring Projects to Life to Assist Customers

For many students, internships help forge a path for their future careers, enabling them to gain hands-on experience and determine what type of work inspires them.

How Can You Keep Kids’ Minds Sharp This Summer?

School is out for summer! While it’s a time to rejoice for children, it can leave many parents wondering how to keep their kids learning in between ice cream cones and dips in the pool.

Lights, Camera, Action! NewsWatch TV keeps consumers and businesses in-the-know with award-winning production and programming

As a longtime small business owner, Ed Tropeano of NewsWatch TV and Bridge Communications LLC knows a thing or two about the rewards and challenges many of his clients experience when running their companies.

‘Stay Alive and Thrive’: How three college friends built a business that’s helping fuel the region’s economy

The idea to start a business together began on July 4, 2017, three friends with strong entrepreneurial spirits brainstorming ideas for a successful business and industry to break in to.

Buying into Volatility

The stock market moves fast on ordinary days. But during extremes, stock market declines can feel like terminal velocity implosions.

Ready to go – Summer homebuying season is heating up with low rates, easing restrictions

If you’re emerging from your home after the COVID-19 shutdown wanting to buy a new one, you aren’t alone.

On Screen and Off WSFS Intern Class Keeps Learning

Internships provide an opportunity to take principles learned in the classroom and apply them in the real world, while gaining experience that can’t be found in a textbook, to build the foundation for future careers.

The Benefit and Suitability of Roth Conversions

When approaching the age to begin required minimum distributions from retirement accounts, many investors may benefit from a Roth conversion.

Growing your Business by Learning from Challenging Times

As businesses reopen and face new ways to operate and generate revenues this summer and beyond, many are looking for guidance as they develop new growth strategies, discover new cash flow resources and consider an SBA program for support.

Buying a House is Stressful – Follow These Tips to Manage the Anxiety and Secure Your Dream Home

You've been dreaming about it, thinking about it, and now the time has come to start looking for your new home.

WSFS Retail Associates Branch Out for Customer Service

Across Delaware and the Greater Philadelphia region, WSFS Associates are stepping up and branching out, as they live the mantra, “We Stand for Service.”

Navigating anxiety when looking to buy a home

WSFS Bank surveyed 1,007 Delaware and Greater Philadelphia area residents in February and May earlier this year, finding that while people are confident they are prepared to buy a home and get a mortgage, they also have anxiety about the process.

Tips for Providing Financial Education to Children

With living rooms taking the place of classrooms as learning continues online, many parents find themselves serving as a teacher now more than ever. An important topic to teach all children – and one that can often be overlooked – is financial literacy.

How a dog, mobile banking apps and a little luck came together for a fur-ever tale

As one of the millions of Americans that use mobile and online banking every year, I took the convenience and instant access to my banking accounts, ability to make quick transfers, and ease and speed in which I can pay peers and businesses for granted.

How to Safely Use Rewards Credit Cards and Contactless Payments to Your Benefit

In this new era of social distancing in public, people are turning to using their credit cards and other forms of contactless payments while shopping.

Understanding Paycheck Protection Program (PPP) Loan Forgiveness

What does your business need to know about Paycheck Protection Program loan forgiveness? WSFS’ Candice Caruso discusses forgiveness criteria and other relief options for businesses with the Chamber of Commerce for Greater Philadelphia.

Simple Steps Businesses can do to Fight Fraud

As financial institutions develop innovative ways to protect the accounts of businesses large and small, so to do criminals work to develop their own methods.

Viewpoint: Payment Options to Keep Cash Flowing

The coronavirus pandemic has caused lots of uncertainty and change in both our personal and business lives. It has forced us to adapt to a new normal, perhaps changing the way business gets done in the future. While things remain fluid, there are some steps companies should consider to keep payment processing moving forward and efficient.

When Merchants Are Compromised: How scammers are stealing your business’ account information

As businesses continue to shift to digital payment systems for in-store and online transactions, fraudsters and financial institutions (FIs) are caught in a game of cat and mouse.

Teamwork Makes the Dream Work for New WSFS Associate

Erica McMullen was all set to start her new job as Senior Credit Officer, Credit Administration at WSFS Bank when she found out her first day was also the day the Bank would be moving most employees to remote work to help combat the COVID-19 pandemic.

Celebrating Small Businesses: Route 113 Boat Sales uses stellar service to keep coastal Delmarva boaters on the water

What started as a hobby became a passion, a way of life. For Glen and Karen Smith, owners of Route 113 Boat Sales and Service in Selbyville, Del., being on the water also became the entrepreneurial itch they needed to scratch.

4 Digital Financial Tools To Help You Bank Safely During COVID-19

With the world still mired in an unprecedented pandemic and social distancing the new norm, people find themselves adjusting the “old way” of handling everyday tasks in order to stay safe.

After PPP – Other Options to Get Your Business Through COVID-19

By now, the dust has mostly settled with the CARES Act's Paycheck Protection Program (PPP) application process. Millions of businesses throughout America have received PPP approvals and funding to help cover payroll and other eligible costs.

Richard Snow Helps Thousands of Small Businesses Only Weeks into New Job

With billions of dollars and the livelihood of many small businesses at stake, Snow knew there was no time to waste in getting Customers’ applications processed. He also recognized right away that he would be wearing many hats.

“Ron the Closer” – How One WSFS Associate Stood and Sat For Service for His Customers

Imagine that your start date for a new job in a different industry is in the middle of the worst pandemic the world has seen in one hundred years. Naturally, a lot may run through your mind: how will I get onboarded? Will the company push my start date a few weeks out? If they do that, how will I cover my bills?

WSFS Bank Associates Go Above, Beyond and Outside in the Name of Customer Service

With a pandemic causing an unprecedented situation nationwide, it was far from business as usual for both Customers and WSFS Associates.

How to Manage Your Finances and Save More Money During COVID-19

By now, you've probably stashed away some extra non-perishable food, cleaning products and toilet paper as we ride out the COVID-19 pandemic. The past months have forced us to adjust how we obtain and use essential products and services as we take extra steps to protect the health of our families, friends and communities.

Protecting against Payment Fraud during the COVID-19 Pandemic

As the Federal Trade Commission (FTC) reports a dramatic increase in fraud complaints related to COVID-19, now more than ever, businesses must protect themselves and their customers from the realities of payment fraud.

WSFS Culture Shines in Unprecedented Times: Meet Kyle Babcock

Imagine that your start date for a new job in a different industry is in the middle of the worst pandemic the world has seen in one hundred years. Naturally, a lot may run through your mind: how will I get onboarded? Will the company push my start date a few weeks out? If they do that, how will I cover my bills?

How the CARES Act and Smart Decisions Can Help You Protect Your Finances

The new Federal stimulus package, or CARES Act, provides many Americans with much-needed relief from the COVID-19 pandemic. In addition to giving people additional funds to weather the financial storm that COVID-19 has caused, the stimulus provides tax relief for retirement savers and retirees.

Managing Your Investments During COVID-19

Managing Your Investments During COVID-19. During these unprecedented times it is unsettling to watch the news surrounding the stock market, but it is also important to maintain perspective – history has shown that the market will recover. One of the biggest risks investors face over time is overreacting to events and market volatility, which can negatively impact their savings.

Managed Services Solutions: Coping with COVID-19

Reducing Fixed Costs Through Managed Service Solutions for Banks. The COVID-19 pandemic has increased the focus of banks on the impact of fixed costs. The unfortunate axiom is that even though the volume of banking activities has decreased, fixed costs remain constant regardless of volume.

Tips for Keeping Your Small Business Healthy During the COVID-19 Outbreak

Some tips to help keep you, your family, your employees and your business healthy during these unprecedented times.

Smart Strategies to Keep Your Finances Healthy During the COVID-19 Pandemic

Steps to protect your financial wellness and minimize the impact of coronavirus on your finances.

How to Carry on a Family Tradition - Di Bruno Bros. Style

Bill Mignucci Jr. had been planning to leave town and head to California after he graduated from Drexel University in 1990.

What to Look for in a Bank for Your Business

Choosing a bank for your business can be a lot like choosing a doctor: there are objective factors to consider, but it really comes down to the relationship.

5 Management Strategies to Grow Your Company

Many entrepreneurs want to build a growth company, but few succeed. Learn to grow your company in 5 steps.

How to Prevent Business Email Compromise

Beginning the mortgage process can seem mind-boggling at first, but there are two steps...

Planning to Buy Your First Home

Buying your first home is a big and exciting step. The first step is to talk with a Mortgage Loan Officer at your bank.

5 Ways to Save for a Big Purchase

It can be overwhelming to think about the amount of money you’ll need for a big expense, like paying for a wedding or making a down payment on your first home. A great place to start is calculating how much you’ll need to save each month to meet your goal.

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