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Loan guarantee for $1.5 million provided to lumber firm in Nova Scotia

July 30, 2014

The Canadian Press

HALIFAX - Nova Scotia's Crown-owned development agency is providing a $1.5-million loan guarantee to a family-owned lumber firm.

Nova Scotia Business Inc. said today the loan guarantee for Ledwidge Lumber of Enfield, N.S., will help the firm to establish a private-sector line of credit.

Ledwidge Lumber produces lumber for housing construction and specialty products, with the capability of producing up to 100 million board feet annually.

A spokesman for Nova Scotia Business Inc. says it works with Nova Scotia companies to assist them in establishing long-term relationships with banks and other private sector lenders.

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Source: Canadian Press DataFile

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