SAN FRANCISCO–(BUSINESS WIRE) February 13, 2018 –Business Capital has structured and secured growth capital for Under Canvas Inc., the fastest growing adventure-hospitality brand in America. Under Canvas provides luxurious glamping near the country’s top national park destinations including Yellowstone, Moab, and Zion. Guests lodge in style with amenities such as in-tent bathrooms and showers, king size beds, fresh towels and daily housekeeping. Under Canvas also offers lodging for large events with services that include curated adventures, activities and outdoor dining. Demand for glamping has exploded as consumers discover the unique experience of combining the natural beauty of the outdoors with hotel like luxury and amenities.
“The BizCap team did everything they promised,” said Sarah Dusek, Co-Founder of Under Canvas. “They helped us secure the funding we needed to expand with a variety of options and opportunities, as well as the guidance to discern what might be the best fit for our company’s business plan. We were extremely impressed with their ability to move the needle for us in a short space of time. We look forward to working with them again in the future.”
As part of their strategy for growth, Under Canvas Inc. will acquire additional campsites in new locations as well as add additional tents to existing locations.
“It was important to the company owners and Business Capital that we deliver the optimal financing solution in the shortest amount of time to take advantage of the booming luxury camping industry,” said Chuck Doyle, Managing Director of Business Capital. “This was an intricate deal that required an out-of-the-box solution, which is one of our firm’s greatest strengths. It was exciting to be involved with this booming industry and working with the founders, Sarah and Jacob Dusek, who are deeply invested in growing it.”
Business Capital is a leading commercial finance firm specializing in securing customized solutions for rapidly growing small and middle market companies nationwide who require a unique, timely and tailored financing structure to address their particular needs, especially in situations where conventional capital sources are not an option.