Type:Notice
Citation:90 FR 1587
Reading Time:less than a minute
The Small Business Administration (SBA) has officially nullified the small business investment company license previously issued to Brookside Mezzanine Fund II, L.P. This action follows the authority provided under section 309 of the Small Business Investment Act of 1958 and specific federal regulations. As a result, Brookside Mezzanine Fund II, L.P. will no longer function under the SBA's small business investment company framework.
Simple Explanation
The Small Business Administration (SBA) took back a special permission from a company called Brookside Mezzanine Fund II, L.P., which means this company can no longer use that special permission to help small businesses through the SBA.