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.