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GCEDC Provides Gap Financing to Help Family-Owned Enfield Business Expand

J&B AutoWith the help of Grafton County Economic Development Council (GCEDC) and Lake Sunapee Bank, J & B Autoworx received the funds to purchase a commercial property to expand its family-owned and operated auto repair center serving the Enfield, Canaan and Upper Valley areas.

In support, GCEDC provided $90,000 in partial financing to Robert Labine, the owner of J & B Autoworx, who was awarded a total of $360,000 to fund the purchase of a commercial property located on Route 4 in Enfield, NH. The planned purchase will provide Mr. Labine an opportunity to now occupy his own location and fills an underutilized business space in the Town of Enfield.

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