Twain Private Credit Receives Federal Approval for New SBIC from SBA

Twain Private Credit launched its Truman Fund following approval from the U.S. Small Business Administration (SBA) for a new Small Business Investment Company (SBIC) license. In addition to its base in Oklahoma, Twain Private Credit and the Truman Fund will also have offices and active investment in Texas, Mississippi and Tennessee._x000D_
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The Truman Fund is set to raise substantial private capital, which it will leverage alongside capital from the SBA, to provide financial support for small and medium-sized enterprises in the southeast region. Twain Private Capital is actively considering and seeking limited partners with experience in the region._x000D_
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The Truman Fund will also target investments to fill the capital gap in Oklahoma and Texas’ neighboring states, such as Mississippi, Arkansas, Alabama and Georgia, which do not have an actively investing SBIC. By channeling funds into businesses throughout the southeast, Twain Private Credit aims to stimulate local job creation, innovation and economic development._x000D_
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MapleMark Bank of Dallas, TX and Tulsa, OK serves as the banking partner for Twain Private Credit, and sponsored the licensing process by sharing in startup costs and fundraising efforts._x000D_
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“We knew that this source of capital was sorely needed in this region and endeavored to make it available,” Tony Davis, chairman and CEO of MapleMark, said.  “We are grateful and excited that there will be an opportunity for entrepreneurs to access more capital now. The Truman Fund represents our dedication to empowering small and growing businesses. We are proud to play a role in bringing these resources to Texas, Oklahoma and beyond.”_x000D_
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“Receiving SBA approval for our SBIC is a monumental achievement for Twain Private Credit,” Wade Smith, principal of Twain Private Credit, said. “We are excited to play a role in driving economic growth and supporting the entrepreneurial spirit that is so vibrant in our community.”_x000D_
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“We are proud to be trusted with these resources, and excited to get to work putting money into small businesses in our region,” Mack Renner, principal of Twain Private Credit, said. “We know that these resources will make a difference for entrepreneurs and workers who are ready to get to the next level.”