Trinity Capital receives conditional approval to submit SBIC license application

Trinity Capital (TRIN) announced conditional approval from the U.S. Small Business Administration, or SBA, to submit an application to obtain a Small Business Investment Company, or SBIC, license. The conditional approval reflects Trinity Capital’s long-standing partnership with the SBA’s Office of Investment and Innovation to support growth-oriented businesses across the U.S., in line with its strategy. Previously, the Firm’s predecessor entities successfully deployed $734M through two SBIC funds. The SBA’s Green Light letter enables Trinity Capital to submit an application for an SBIC license. As an SBIC, Trinity Capital would be able to apply for up to $175M of SBA-guaranteed debentures. Access to the SBA-guaranteed debentures is expected to supplement the Firm’s capitalization and broaden its suite of private strategies under its RIA. Receipt of the conditional approval from the SBA is an invitation to submit a full SBIC license application and does not assure the applicant final approval for an SBIC license.