Winter is gone, Spring has sprung and now you are thinking of replacing your aging heavy equipment with some new or newer units. Do you know what you need? Are you planning on going to the National Heavy Equipment Show 2024 to see the newest machines out there? If you need some help with your financing decisions, you can turn to LFS...
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...
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...
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...
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,...
