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Local Triangle Group Expands Its Business

Triangle Capital Corporation based out of Raleigh has announced that it has received notification from the Small Business Administration (SBA) that their application for a second Small Business Investment Company (SBIC) license has been approved. With this new license Triangle Capital Corporation will be able to provide up to $75 million in additional SBA debentures to fund future investments.

Who is Triangle Capital Corporation?

Triangle Capital Corporation is a publically traded, internally managed business development company. They provide custom financing solutions for lower middle market companies located throughout the United States.

Typical Investment:

$5 to $15 million for
• Leveraged Buyouts
• Management Buyouts
• Recapitalization
• Growth Financings
• Acquisition Financing

The approval of this second SBIC license is great news for the Triangle area. SBA debentures are a highly sought-after source of investment capital, and a great fit for the type of investments that Triangle Capital Corporation makes. Under the Investment Company Act of 1940, Triangle has chosen to be treated as a business development company. Triangle Capital Corporation is required to meet a series of regulations including those of NASDAQ, as well as federal and state laws.

If you are interested in buying a home in the Triangle area, now is the time to contact Marti Hampton and let her and her team at RE/MAX One Realty help you find the perfect home.

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