#United States #Phoenix #Trinity Capital #SBA #SBIC

Trinity Capital Inc. Achieves Important Milestone with Conditional Approval

Trinity Capital Inc. (NASDAQ: TRIN) has announced a significant development in its financing strategy: the firm has received conditional approval from the U.S. Small Business Administration (SBA) to submit a license application for becoming a Small Business Investment Company (SBIC). This approval serves as a testament to Trinity Capital's established relationship with the SBA, which has fostered a commitment to supporting growth-oriented businesses across the nation.

Strengthening Financial Position

With this conditional approval, Trinity Capital is poised to apply for up to $175 million in SBA-guaranteed debentures. The access to these funds is expected to amplify the firm’s overall capitalization, enabling it to expand its suite of private investment strategies managed by its Registered Investment Advisor (RIA) subsidiary. Kyle Brown, the Chief Executive Officer of Trinity Capital, proudly stated that this "important step furthers our focus on expanding sources of third-party capital managed by our RIA subsidiary, all of which is accretive to our platform and public shareholders."

The history of Trinity Capital in deploying capital through various SBIC funds has been remarkable, with prior entities successfully managing $734 million across two SBIC funds. Such groundwork positions the firm favorably to make effective use of the resources that would become available via the SBIC license.

Future Challenges and Opportunities

However, it is important to note that the conditional approval is an invitation to submit a complete SBIC application, and it does not guarantee a final approval. As stated by the firm, there is no assurance from the SBA regarding the timeline for an SBIC license issuance, should one be granted. Nevertheless, Trinity Capital’s leadership remains optimistic about the opportunities that lie ahead and is focused on maintaining its strong, successful trajectory.

About Trinity Capital Inc.

Founded in 2008 and headquartered in Phoenix, Arizona, Trinity Capital Inc. is an international alternative asset manager committed to providing consistent returns through access to private credit markets. The firm specializes in sourcing and structuring investments across five distinct verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences. To date, Trinity Capital has deployed more than $4.3 billion across over 400 investments, establishing itself as a trusted partner to growth-oriented companies searching for tailored debt solutions.

Trinity Capital is dedicated to its mission of supporting innovative ventures and fostering growth that benefits not only investors but also the broader business ecosystem. For those looking to stay updated on Trinity Capital’s activities, further information can be found on their official website trinitycapital.com and through their social media channels on LinkedIn and X (@trincapital).

In summary, Trinity Capital Inc.’s conditional approval from the SBA is a pivotal moment that stands to enhance its operational capabilities and expand its investment footprint, further emphasizing the firm's commitment to driving growth in the American small business sector.