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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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