95-1702. North Dakota Small Business Investment Co.; Notice of Filing of an Application for a License To Operate as a Small Business Investment Company

[Federal Register Volume 60, Number 15 (Tuesday, January 24, 1995)]
[Notices]
[Pages 4653-4654]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1702]



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SMALL BUSINESS ADMINISTRATION
[Application No. 99000144]


North Dakota Small Business Investment Co.; Notice of Filing of 
an Application for a License To Operate as a Small Business Investment 
Company

    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to Section 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102) (1994)) by North Dakota Small Business Investment Company, 502 
First Avenue North, P.O. Box 1389, Fargo, North Dakota 58107, for a 
license to operate as a small business investment company (SBIC) under 
the Small Business Investment Act of 1958, as amended (15 U.S.C. et 
seq.), and the Rules and Regulations promulgated thereunder. North 
Dakota Small Business Investment Company is a limited partnership 
formed under North Dakota [[Page 4654]] law. Its principal office 
address listed above shall be replaced when the partnership establishes 
its permanent office in an appropriate city in North Dakota. The 
applicant will be managed by its General Partner, InvestAmerica ND, 
L.L.C., a Delaware limited liability company located at the same 
address as the applicant. David R. Schroder, Robert A. Comey, Kevin F. 
Mullane, and Steven J. Massey are the owners of the General Partner. No 
individual or entity owns more than 10 percent of the proposed SBIC.
    The applicant will begin operations with capitalization in excess 
of $5 million and will be a source of equity financings for qualified 
small business concerns. The applicant will focus its North Dakota 
Office on North Dakota and contiguous state investments. It may also 
co-invest with other investment firms in businesses outside of North 
Dakota.
    Mattrs involved in SBA's consideration of the application include 
the general business reputation and character of the proposed owners 
and management, and the probability of successful operations of the new 
company under their management, including profitability and financial 
soundness in accordance with the Act and Regulations.
    Notice is hereby given that any person may, not later than 15 days 
from the date of publication of this Notice, submit written comments on 
the proposed SBIC to the Associate Administrator for Investment, Small 
Business Administration, 409 3rd Street, SW., Washington, DC 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in Fargo, North Dakota.

(Catalog of Federal Domestic Assistance Programs No. 59.011, Small 
Business Investment Companies).

    Dated: January 19, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-1702 Filed 1-23-95; 8:45 am]
BILLING CODE 8025-01-M