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Triangle Capital greenlighted to form SBIC

May 09, 2016 7:54 AM ETTriangle Capital (TCAP-OLD) StockBy: Stephen Alpher, SA News Editor10 Comments
  • The company has received a "green light" letter from the SBA, inviting it to continue its application to form and operate a third Small Business Investment Company subsidiary.
  • If approved, it would provide NYSE:TCAP-OLD with another source of attractively priced long-term capital through the use of SBA debt (the amount has recently been boosted to $350M from $225M).
  • The green light letter is not an assurance that TCAP will be approved for the SBIC license.
  • Source: Press Release

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