Inc., a Union Township-based global manufacturer of powered belted
curve conveyors, was highlighted at a recent New Jersey Economic
Development Authority (EDA) Board meeting for the approval of a loan the
company received through the Premier Lender Program.
The $1.5 million
Fulton Bank loan, which includes a $400,000 EDA participation, will
allow Flow-Turn to refinance the mortgage on its 35,000-square- foot
warehouse and office facility. The EDA partners with more than 30
Premier Lender banks to provide small businesses with low cost financing
that includes loan participation and/or guarantees, and faster
turnaround than traditional financing programs. Businesses can use
Premier Lender financing for fixed assets, working capital to meet
operating needs, or the refinancing of bank debt.