3T Security grows with state help

Thursday, July 5, 2007

MANHEIM, Pa.--In late June, 3T Security landed a pair of state-backed loans that will allow the company to move into new offices here and have working capital on hand as it grows. Founded in October 2004 by Kevin and Michelle Stauffer as a home-based company, 3T hired its first employee in April 2006 and now has nine full-time employees and a large pharmaceutical customer upon which to build business.
Working through their bank, Union National, the Stauffers secured a $70,000 loan guaranteed by the Pennsylvania Economic Development Commission and a $400,000 line of credit through Union National that's backed by the state's Second Stage Loan Program. Michelle Stauffer, who serves as 3T's office manager and chief financial officer, said the $70,000 will be used to finish renovations on new offices, which 3T planned to occupy in mid July. The line of credit will be used for working capital, she said, as the company looks to increase its residential base--they've added 17 residential accounts in the first six months of 2007--and commercial installations, which have lately included schools.
"We have a lot of builders we work with," Michelle Stauffer said, "and we do the central HVAC for them as well. We're slowly picking up speed; we're getting our name out there now."
Is Pennsylvania particularly supportive of small businesses? Stauffer couldn't say, really: "The business manager at the bank put everything together for us; he did the legwork and found what the state could do for us."