SC Turnstyle by 282REF

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									                   TURNSTYLE ENTERPRISES, INC.
      Turnstyle Enterprises, a world leader in gate openers and access control
devices, is a young company eager to grow and expand. Turnstyle needed funds for
working capital and expansion. The young company was growing. They were ready to
move from the research and development stage, applying for patents and testing their
products, to full fabrication and production.

       Their lender, Carolina First, had extended a line of credit to them, but they needed
$3,000,000 to develop their business. The Business & Industry Guaranteed Loan Program,
using American Recovery and Reinvestment Act (ARRA) loan funds, made the loan possible.
 Turnstyle has a passion for innovation and technology, and a commitment to their
customers, as well as a dedication to enhancing the world with its products. The company
fosters a sense of ownership and a management style that provides work enjoyment,
opportunity and success for one’s hard work, in a small town experiencing declining job
opportunities. Twenty- five jobs were created, and fourteen jobs were saved in Georgetown
County.

       Sales and new customers are increasing rapidly. The company has contracts with
1,000 national brand home improvement stores and is applying for US and international
patents. Turnstyle’s goal is environmentally friendly products, manufactured in an
environmentally friendly facility. Professionals in the industry describe the Solar Power
Compatibilities and Battery Power Source as the “cleanest” system on the market. Rural
Development can be proud to assist such an exemplary company.

								
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