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...
“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...
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,...
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...
In our very first blog post (Dec 21, 2021 - Lease vs Loan: We Break it Down), we discussed the advantages and disadvantages of leases and loans when buying equipment for your business.In this blog, we’re looking at buying vs leasing. If a piece of equipment costs $50,000, which option should you choose?It really depends on the financial position of your...
Tired of working for others? Looking to work in a fast-paced financial environment?Dream about self-employment and setting your own work hours?Up for a challenge? If any of these appeal to you then working as a Broker Agent for LFS Credit & Finance Solutions (LFS) might just be what you’re looking for! About LFSLFS defines itself as an asset-based lender that focuses its operations...
At LFS, one of the first questions we are often asked is if we finance certain equipment. As a reminder to new or existing customers, LFS can finance: Automotive EquipmentCNC MachinesCompressorsConstruction Equipment: loaders, backhoes, excavators, crawler dozers, skid steersForestry EquipmentForklifts, Platform Lifts, Boom/Telehandlers, CranesGolf Course/Range Equipment: golf carts, mowersIT Equipment: computers, phone systems, digital printersLandscaping EquipmentManufacturing and Production EquipmentMedical/Dental EquipmentOffice FurnitureSnow...
