|
Comments
Did you read today's front page stories & breaking news?
SYS-CON.TV
|
From the Wires
Trinity Capital Fund II, L.P. Concludes a Major Capital Expansion with an SBIC License
By: Business Wire
Nov. 7, 2012 10:18 AM
Trinity SBIC Management, Inc. announced today that Trinity Capital Fund II, LP (Trinity) received a license from the United States Small Business Administration (“SBA”) to operate as a Small Business Investment Company. This license gives Trinity access to up to $150 million of SBA-backed leverage. Trinity is now positioned to grow its offerings in equipment and fixed asset financing utilized by the country’s leading venture-backed growth companies. “This coveted license is a compelling next step for our firm as we seek to combine our passion for serving growth-oriented companies with a shared vision of the SBA to help small businesses succeed in the marketplace,” says Hal Hayden, a member of Trinity’s Investment Committee and General Partnership. “Trinity has now joined a very select group of SBIC companies and is the only licensed leasing company in the southwestern U.S.” “We believe our market continues to grow in its need for equipment and fixed assets that will propel business growth. We are looking forward to originating investments in leases and loans on behalf of the Trinity, and have a strong pipeline built and ready to go. Combined with the existing Trinity syndicate of funds, this increased capital will allow Trinity to address customers who seek larger sources of capital. The Trinity business model addresses the SBIC mandate to grow small businesses and job growth in the U.S. economy; we are honored to be a licensee,” says Steve Brown, President of Trinity SBIC Management, Inc., and a member of the Trinity’s Investment Committee and General Partnership. ABOUT TRINITY CAPITAL INVESTMENT: Trinity Capital Investment is a venture leasing company providing equipment lease and fixed-asset debt financing to emerging growth companies backed by venture capital funds. We offer financings in the $1 million to $10 million range to companies in a variety of growth-oriented sectors. For more information, see www.trincapinvestment.com Latest Cloud Developer Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week
Breaking Cloud Computing News
|
|||||||||||||||||||||||||||||||||||||||||||||||||