Bibby Financial Services Canada provided Bump Creative Partners with flexible capital to source promotional products for large retail stores in North America and pay overseas suppliers.

Bump Creative sources products globally to provide retailers with promotional, seasonal and packaged products for creative “gift-with-purchase” merchandising, sales incentives and end-cap display products.

At the beginning of the relationship, Bump Creative took advantage of purchase order financing from Bibby Financial Services, which freed up the funding needed for supplier deposits. However, the company also faced the challenge of extended customer payment terms of 40 days or longer, leaving it short on liquid assets. Bibby Financial Services helped close that gap with traditional invoice factoring.

“What I appreciated the most was Bibby’s view of lending as more of a partnership. They worked with us to ensure that our company had the capital it needed to grow,” said Bump Creative President and CEO Matthew MacDonald. “It was a great solution for us, as our growth trajectory was high and we needed a financing partner that could handle the growth and help us to stay competitive. Their team worked hard to assist us in achieving our goals.”

“We view Bump’s exit as a true success story and testimony to the value of having a financing partner that supports growth,” said Leigh Lones, Bibby Financial Services CEO, Americas.