Daily News: February 13, 2018

BizCap Provides Growth Financing for Under Canvas


Business Capital structured and secured growth capital for adventure-hospitality brand Under Canvas.

Under Canvas provides luxurious glamour-camping – “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.

“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.”

As part of their strategy for growth, Under Canvas will acquire additional campsites in new locations as well as add additional tents in 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.