About lender
Dynamic Financial is a Canadian-based financial company that serves British Columbia, Alberta, and Saskatchewan. It provides various financial services specializing in equipment leasing and financing. The company was established in 2009 to help Canadian entrepreneurs improve their businesses. It deals with companies from different sectors but mostly resource-based industries like mining, gas, oil, etc. Dynamic Capital regularly originates and closes over $200MM in business annually and works with more than 20 different underwriters for their transactions. They have a vast network of lending partners that allow them to provide their customers with the best and the most creative and suitable financing solutions to achieve their long- or short-term goals.
Features
Dynamic Capital is not a conventional lender. First of all, the company doesn’t deal with individuals. They only provide businesses and entrepreneurs with loans or leases. The company offers various financial products: term loans, capital leases, pre-approved equipment lines of credit, working capital loans & sale and leasebacks, in-house financing, and consolidations. Moreover, because the company deals with many lenders, they have an opportunity to offer their customers appropriate financial solutions that would suit their businesses.
However, we must note that all the services provided by Dynamic Capital have different conditions. Terms, structure, security, and rates are determined case-by-case so that clients will be informed about the terms before approval. Therefore, it depends on several factors. Also, the company only has offices in British Columbia, Alberta, and Saskatchewan. They operate with businesses from industries requiring heavy machines based on resources. These industries are oil & gas, transportation, construction, manufacturing, mining, forestry, and automotive.
Pros and cons
Pros
The company deals with many lenders that allow them to provide customers with the best solutions.
Dynamic Capital operates in different resource-based industries.
The company offers many different financial products.
Customers can get short-term and long-term loans.
The company has operated since 2009 and has an impressive experience in this industry.
Cons
The company offers its services only to businesses.
The company only has offices in British Columbia, Alberta, and Saskatchewan.
Terms, structure, security, and rates are determined on a case-by-case basis.
The website doesn’t contain any information about the company’s requirements.
The company’s website doesn’t contain the application form.
To sum up, we see that the company has several advantages. First, dynamic Capital provides various financing products that may suit many business people. Also, they have a vast network of lenders that let them provide clients with the best financial solution.
On the other hand, there are some significant disadvantages. The company doesn’t have any fixed conditions and terms. It all depends on different factors. Also, there is no online application on the company’s website.
Loan conditions
If customers are interested in Dynamic Capital's services, they need to contact the company. First, they must write their name, email, phone number, and message on the “Contact Us” webpage. After that, they will be approached by the company’s operator.
The conditions of this company’s services are variable. It depends on the product that the customer needs, on their business, and some pieces of personal and credit information. Also, there are still some basic requirements that customers and their companies must meet. A customer must be older than 18, be a Canadian, and have an active business. Their businesses must belong to the oil & gas sector, transportation, construction, manufacturing, mining, forestry, or automotive industries.
All the terms and conditions are variable and determined on a case-by-case basis. However, customers are allowed to borrow amounts from $5,000 to $5 million.
Methods of loan funding
As soon as customers finish the application for the loan, they will need to connect with the company’s operators. Funding methods depend on lenders that the company deals with and the chosen financial option.
