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Credit Reports – Part III – Improving Your Credit Score

In August 2023, our blog titled, “Credit Reports – Part I – Overview” discussed credit reports generally, why lenders need them and what the credit scores mean.  In December 2023, our blog titled, “Credit Reports – Part II – A Detailed Look at Credit Reports” discussed the data on credit reports and how scores are calculated. Generally, a credit score above...

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Credit Reports – Part II – A Detailed Look at Credit Reports

In August 2023, our blog titled, “Credit Reports – Part I – Overview” discussed credit reports generally, why lenders need them and what the credit scores mean.  In this blog, we will go into more detail about the data on credit reports and how scores are calculated. What is a Credit Report?A credit report covers your personal information and your entire...

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Not Able to Repay the CEBA Loan by January 18, 2024? LFS Can Help!

The CEBA (Canada Emergency Business Account) loan was meant to help businesses remain viable during the COVID-19 pandemic. Some businesses have repaid the loans and taken advantage of the loan’s partial forgiveness while others are struggling and wondering how they will repay by January 18, 2024.  This blog discusses the CEBA loan program and how LFS may be able to...

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Credit Reports – Part I - Overview

The subject of credit reports can be overwhelming.  But does it have to be?  In this blog, LFS is going to provide an overview of credit reports and why lenders need them.When you are applying for credit to buy additional or replacement equipment, lenders will seek to understand your financial history and make informed decisions on your ability to pay...

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Leasing and Interest Rates

“Interest Rates to Rise Again”.  This is a headline that we have read repeatedly since March 2022. Since March, the Bank of Canada has raised the interest rate 8 times in an effort to fight inflation.  But how did we get here? Inflation has been rising and it’s problematic, no question.  Factors such as the global pandemic, the war in Europe...

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Leasing Forestry Equipment

The forestry industry is an integral part of the Canadian economy.  The primary products from this industry are pulp, lumber and paper. In this important industry, equipment needs to be reliable and efficient.  When you make the decision to add additional equipment or replace worn out equipment, there are important points to consider:  First, forestry equipment is very expensive and,...

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Leasing Landscaping Equipment

Hey landscaping companies, now’s the time to start planning your equipment needs for Spring! Yes, we know that we’re already discussing Spring and the year just started (Happy New Year!), but this is the industry that thinks ahead! Did you attend the 2023 Landscape Ontario Trade Show & Conference?You may not have considered leasing before because you’re comfortable renting on an...