Type:Notice
Citation:90 FR 2059
Reading Time:less than a minute
The United States Small Business Administration (SBA) announced that it has canceled the license for LongueVue Capital Partners II, LP to operate as a small business investment company. This decision was made under the authority granted by the Small Business Investment Act of 1958 and relevant federal regulations. Thomas Morris, the Director of Patient Capital Investments at the SBA, issued this notice.
Simple Explanation
The government took away a special business permission from a company called LongueVue Capital Partners II, LP, which means they can't work as a small business helper anymore. They didn't say why, and people might be worried about what this means for them.