Bathorium
BDC believed in us. They offer flexible loans and a great support system. Without BDC, we wouldn’t have had such rapid growth.
Gregory Macdonald
President
Premium bath products made with clean, ethically sourced ingredients
About the company
Fast-growing maker and retailer of high-quality bath bombs, bath soaks, bubble bath and bath accessories.
Location: Ottawa, Ontario
Industry: Bath Products
Entrepreneur challenge
The company’s growth was stagnating because it couldn’t finance needed inventory purchases with cash flow. It was also paying excessive amounts for packaging because it couldn’t afford larger purchases. And it needed money to stock up on raw ingredients ahead of sizeable anticipated orders.
BDC expertise
The business obtained several loans from BDC that allowed it to pursue ambitious growth plans. The first loan allowed larger inventory purchases. Subsequent loans enabled bigger, more cost-efficient packaging runs and large raw ingredient purchases well before the holiday season.
Results
- Sales have doubled each year since the first BDC loan in 2018.
- 750% total sales growth projected by end of 2021.
- Number of employees has tripled since pre-pandemic level.
- Diversified with large new retail chain clients and U.S. sales.