The United States Small Business Administration (SBA) has officially canceled the operating license of Bayview Capital Partners II, L.P., which functioned as a small business investment company. This decision was made under the authority of the SBA through the Small Business Investment Act of 1958 and specific regulations. The action means that the company no longer has the license to operate as a small business investment company. Thomas G. Morris, the Acting Associate Administrator, confirmed this cancellation.
Simple Explanation
The Small Business Administration (SBA) took back the license from Bayview Capital Partners II, L.P., so they can't help small businesses with special funding anymore. The notice doesn’t say why they did this or what happens next.