|TTI Environmental was able to relocate and expand operations with a low- interest rate on its $750,000 PNC Bank loan and a 25% guarantee by the EDA.|
When TTI Environmental, Inc. (TTI) wanted to expand the services and capabilities of their small business, they sought a new location in New Jersey that would allow them to better support their contracting and consulting services. The shareholders of TTI obtained low-interest financing through one of our partner banks and the EDA. The $750,000 bank loan, backed by EDA guarantees totaling $187,500, supported TTI’s relocation to a larger, stand-alone facility in Moorestown. The new property includes 4,000 square feet of office space, 11,000 square feet of warehouse space, and five acres of secure outside storage for trucks and heavy equipment.
TTI is a registered Small Business Enterprise and certified service-disabled veteran-owned small business that specializes in environmental consulting, safety and training, as well as tank management and industrial hygiene.
“We needed to move out of the office environment and into a facility that is more conducive to our type of business,” said Bill Dolan of TTI.
Now in their 22nd year, TTI continues to improve its service to public utilities, hospitals, government agencies, lending institutions, insurance companies, and real estate developers throughout the United States and Canada. TTI’s plans for building on their success include continuous improvement of current services, as well as the pursuit of federal projects.