Search Results for keywords:"13 CFR 107.1900"

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Search Results: keywords:"13 CFR 107.1900"

  • Type:Notice
    Citation:90 FR 1587
    Reading Time:less than a minute

    The United States Small Business Administration (SBA) has voided the license of the New York Credit SBIC Fund L.P. This action was taken under the authority of section 309 of the Small Business Investment Act of 1958 and the regulations in 13 CFR 107.1900. The license, numbered 03/03-0265, allowed the Fund to function as a small business investment company. This decision means the New York Credit SBIC Fund L.P. can no longer operate under that license.

    Simple Explanation

    The Small Business Administration (SBA) has taken away a special permission from the New York Credit SBIC Fund L.P., so they can no longer work as a small business helper. This happened because they didn't meet the rules needed to keep their permission, called a license.

  • Type:Notice
    Citation:90 FR 13974
    Reading Time:less than a minute

    The United States Small Business Administration has revoked the license of the Stonehenge Opportunity Fund III-B, L.P. as a small business investment company. This action was taken under the authority of Section 309 of the Small Business Investment Act of 1958 and 13 CFR 107.1900. As a result, the license held by Stonehenge Opportunity Fund III-B, L.P. is now null and void. The decision was announced by Thomas Morris, Director of Patient Capital Investments.

    Simple Explanation

    The people in charge decided that a company called Stonehenge Opportunity Fund III-B, L.P. isn't allowed to help small businesses anymore. They took away its special permission slip, so now the company can't keep doing that job.