Pelham, NH — J.T. Manufacturing Corporation (JTM), a long-standing Pelham-based precision machining company, has secured $1.275 million in equipment financing to support the purchase of a new advanced machining system that will enhance production capacity, efficiency, and long-term job stability.
The financing is structured as a loan participation between the Business Finance Authority (BFA) and Millyard Bank. The investment will support the acquisition of a new Machining Center, strengthening JTM’s ability to serve defense and aerospace customers.
The new equipment will allow JTM to take on more complex, tight-tolerance manufacturing work that requires highly skilled machinists. By improving scheduling predictability, production efficiency, and on-time delivery, the investment supports the retention of skilled jobs and enables continued wage growth in a competitive manufacturing environment.
“J.T. Manufacturing has been a part of New Hampshire’s manufacturing community for decades,” said James Key-Wallace, Executive Director of the Business Finance Authority. “This investment helps ensure the company remains competitive while continuing to provide skilled jobs and high-quality manufacturing in the region.”
Founded more than 40 years ago, JTM is ISO 9001:2015 certified and specializes in manufacturing complex, tight-tolerance components for defense, aerospace, medical, and advanced technology customers.
To learn more about J.T. Manufacturing Corporation, visit www.jtmanufacturing.com.
About the NHBFA
The Business Finance Authority (BFA) is a self-funding organization that fosters economic development and creates employment in New Hampshire. The BFA accomplishes these objectives by working with New Hampshire’s banking, business, and economic development sectors to develop and implement programs which expand the availability of credit in the state. Our customers include manufacturers, small and medium-sized businesses, health providers, and non-profit educational and cultural organizations. To learn more about the BFA and its programs, please click here.
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