Type:Notice
Citation:90 FR 15380
Reading Time:less than a minute
The U.S. Small Business Administration (SBA) has announced that the license for KLH Capital Fund III, L.P. to operate as a small business investment company is now considered null and void. This action is based on the authority provided by Section 309 of the Small Business Investment Act of 1958 and the related federal regulations. Paul Salgado, the Director of Investment Portfolio Management at the SBA, made this decision official.
Simple Explanation
The Small Business Administration (SBA) has decided that KLH Capital Fund III, L.P. can no longer be a special helper to small businesses, like a superhero who is no longer allowed to help save the day.