Bump Creative Partners, a Toronto-based company, specializes in the design and importation of first-rate promotional, seasonal and packaged products for retailers looking to provide creative “gift-with-purchase” merchandising, sales incentives and end-cap display products.
Bump sources the most fashionable, on-trend and unique products in the world, even working with manufacturers in Asia to bring new concepts to market. Taking a hot idea and turning it in to a ready-to-market product requires liquidity and flexibility. The company experienced a surge in growth in 2009, and in order to meet the needs of their customers, turned to Bibby Financial Services for funding.
However, like many manufacturers, the company eventually found itself in need of working capital due to the nature of the business, in which invoice payments are often profoundly delayed. Additionally, the 2012 acquisition of equipment that promised long-term rewards resulted in a reduction in working capital in the short-term. Albany Packaging needed cash flow for daily operational requirements, such as payroll, monthly fixed costs and supplier payments.