Meat Snack Maker Archer Gets $100 Million Loan as Demand From Women Grows

Archer Meat Snacks secured a credit facility for nearly $100 million from JPMorgan Chase & Co., allowing it to ramp up production as demand surges for its high-protein snacks — particularly among women.

Archer Chief Executive Officer Eugene Kang said the loan agreement will help the Los Angeles-based company accelerate its growth as demand for meat sticks and jerky surges. It will use the proceeds to buy “state-of-the-art” machinery for its new production facility in California, which opened in November.