Search Results for keywords:"SBIC Liquidation"

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Search Results: keywords:"SBIC Liquidation"

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  • 2021-03877 — Surrender of License of Small Business Investment Company; Aldine SBIC Fund, L.P.
    Type:Notice
    Citation:86 FR 11570
    Reading Time:less than a minute

    The United States Small Business Administration (SBA) has announced that the license for Aldine SBIC Fund, L.P. to operate as a small business investment company is now null and void. This action is taken under the authority of the Small Business Investment Act of 1958 and relevant SBA regulations. The official declaration was made by Thomas G. Morris, Acting Associate Administrator and Director of the Office of SBIC Liquidation.

    Simple Explanation

    The Small Business Administration (SBA) has decided that Aldine SBIC Fund, L.P., which helps small businesses get money, can no longer do that job. This decision was made by a person in charge at the SBA, according to the rules.

  • 2021-03876 — Surrender of License of Small Business Investment Company; Patriot Capital II, L.P.
    Type:Notice
    Citation:86 FR 11570
    Reading Time:less than a minute

    The United States Small Business Administration (SBA) has declared that the license issued to Patriot Capital II, L.P. to operate as a small business investment company is now null and void. This decision is based on the authority granted under the Small Business Investment Act of 1958 and the corresponding regulations. The announcement was made by Thomas G. Morris, the Acting Associate Administrator and Director of the Office of SBIC Liquidation within the Office of Investment and Innovation.

    Simple Explanation

    The Small Business Administration (SBA) has said that Patriot Capital II, L.P. can no longer work as a special helper for small businesses because their permission has been canceled. This means they must stop doing the special job they were licensed for.