KELOWNA – Dynamic Capital Equipment Finance Inc. (Dynamic Capital) announced the closing of a $200 million Committed Funding Facility with MOVE Trust and the committed MOVE Trust note investor, BDC, the bank for Canadian entrepreneurs. This is the fifth renewal and increase to the Facility, which commenced back in 2014 when Dynamic Capital formed a working relationship with BOAT Capital LP, the manager of MOVE Trust.
“The closing of this Facility provides our business with significant capital runway as we expand our footprint across the country. We are a Canadian company with the experience and resources to bring capital to our client’s doorstep,” says Dynamic Capital’s CEO, Dustin White.
James Joyce, President, BOAT Capital, adds, “We have been working with Dustin and the team at Dynamic Capital for several years. They are proven operators, helping small Canadian businesses thrive. We are happy to facilitate the increase in available funding and look forward to working with them as they continue to grow.”
Founded in 2009, Dynamic Capital’s team of 55 provides funding solutions targeted to the Automotive, Transportation, Construction, Oil and Gas, Mining and Forestry sectors.