- 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