Loan Helps Carolina Metal Finishing Create Jobs in South Carolina
Facility supplies contract services for metal parts cleaning, assembly, industrial painting and powder coating.
Business Development Corporation of South Carolina (BDC) and South State Bank have assisted Carolina Metal Finishing in securing a Rural Modernization Program Loan to add an additional manufacturing line within their Bishopville, South Carolina, facility.
The loan, which will provide an expansion of manufacturing capacity and create 20 new jobs, was used to purchase paint coating equipment, which is essential to plant operations.
An affiliate of Paramount Metal Finishing in Linden, New Jersey, Carolina Metal Finishing, supplies contract services for metal parts cleaning, assembly, industrial painting and powder coating. The Bishopville facility has been in operation since 2006 and currently employs 24 employees.
John Gibart, plant manager for Carolina Metal Finishing, says the shop is excited about the progress they have made toward the expansion of their manufacturing facility.
“The Rural Modernization Loan program has been instrumental in the process allowing us to purchase new equipment and create new jobs in Lee County,” he says.
The Rural Modernization Loan Program is a joint effort between the State Department of Commerce, Palmetto State Growth Fund, Business Development Corporation, and an eligible county. Currently, five counties are eligible to participate. The program is designed to assist manufacturers in those counties to become more competitive and create jobs.