J-Pac Medical
J-Pac Medical
The Somersworth company will now invest in new machinery to streamline and expand its operations.
Becoming more competitive in the market
J-Pac Medical is a medical technology manufacturer in Somersworth. Founded in 1983, the company employs 67 people at its manufacturing facility. J-Pac plans to use this latest loan to purchase new machinery that will make the company more competitive in the market and expand its product offerings.
The BFA worked closely with TD Bank under its guaranteed asset program (GAP) to provide up to a 75% guarantee on a $800,000 fixed asset line of credit for J-Pac Medical.
We were very excited to work with TD Bank to help J-Pac with their growth. J-Pac is a New Hampshire success story and this line of credit will help them invest in the company’s expansion. We know the importance in providing the right expertise can be critical in helping deals happen. We are proud of our teamwork with TD Bank to help J-Pac access the necessary capital to advance this company.
