Search Results for keywords:"Small Business Investment Act"

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Search Results: keywords:"Small Business Investment Act"

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  • 2021-04138 — Northcreek Mezzanine Fund I, L.P.; Surrender of License of Small Business Investment Company
    Type:Notice
    Citation:86 FR 12066
    Reading Time:less than a minute

    The Small Business Administration (SBA) has nullified the license of Northcreek Mezzanine Fund I, L.P. to operate as a Small Business Investment Company (SBIC). This action was taken in accordance with the authority granted under the Small Business Investment Act of 1958 and specific SBA regulations. The decision was announced by Thomas G. Morris, who is the Acting Associate Administrator and Director of the Office of SBIC Liquidation. This effectively means that Northcreek Mezzanine Fund I, L.P. can no longer function as a licensed SBIC.

    Simple Explanation

    The Small Business Administration (SBA) has taken away the permission that Northcreek Mezzanine Fund I, L.P. had to help small businesses with money, so now they can't do that anymore.

  • 2025-05265 — Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest; LCM Healthcare Fund I, L.P.
    Type:Notice
    Citation:90 FR 13973
    Reading Time:about a minute or two

    LCM Healthcare Fund I, L.P., located in Dallas, Texas, is a federal licensee under the Small Business Investment Act seeking an exemption from the U.S. Small Business Administration (SBA). The exemption is requested for a proposed equity financing deal with Northwest Surgical Development Company, Inc., which is considered a conflict of interest as it does not meet specific terms and conditions required by SBA regulations. The SBA is asking for public comments on this transaction within fifteen days of the notice's publication. Thomas Morris from the SBA is in charge of this matter.

    Simple Explanation

    LCM Healthcare Fund wants to get special permission from the government to do a money deal with another company, even though the usual rules say it's a conflict. People have 15 days to say if they think this is okay or not.