Security Company Secures Own Home With Help from LIDC/GNYDC

Universal Security Systems Inc., a leading provider of electronic and physical security solutions, has secured its own home thanks to low cost financing provided by Long Island Development Corporation/Greater New York Development Co.

Universal develops comprehensive integrated control and monitoring systems to solve customers' security, safety and management needs. Clientele include Fortune 500 companies, public utilities and major healthcare and financial institutions in the metro area. Universal's diverse skills and products have been increasingly demanded by security conscious companies of late. It provides a diverse range of electronic systems from small stand alone systems to enterprise level solutions covering over 100 locations. Universal prides itself on being a single source solution for integrated security solutions, a true "turn key" systems integrator. It is owned by Theodore Meshover and Edward Newman, both highly trained and experienced security experts.

The company is moving from 4,000 rented feet in Hicksville to a 22,000 foot building in Hauppauge thanks to financing provided by Commerce Bank and Long Island Development Corporation/Greater New York Development Co. (LIDC/GNYDC). LIDC/GNYDC's second mortgage loan will be for 20 years at a low fixed rate. The blended term and rate with the bank's first mortgage means the company saves cash to use for its working capital during this expansion time.

LIDC/GNYDC lender, Carmine Fabio, comments "This is a fast growing company and industry. They needed significantly more space to accommodate their growth and specialized equipment. The SBA 504 second mortgage loan that LIDC/GNYDC provides makes it affordable for the company to expand to more than 5 times its current space."

For information on how Universal can provide an electronic and physical security solution tailored for your business needs, call (800) 762-2379 or log on to www.univsystems.com.