[Federal Register Volume 61, Number 18 (Friday, January 26, 1996)]
[Notices]
[Page 2564]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1278]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000180]
Enterprise Fund, L.P.; Notice of Filing of 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 (1995)) by Enterprise Fund, L.P., 150 North Meramec, Clayton,
Missouri 63105-3753 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 there under. Enterprise Fund, L.P., is a Delaware limited
partnership. The Fund investments will be made primarily in small
business concerns located in the St. Louis, Missouri metropolitan area.
Enterprise Fund, L.P. may also consider investments in the Eastern
Missouri and Southern Illinois regions, and the Fund may make a limited
number of investments in businesses located within a 250-mile radius of
St. Louis.
The General Partner of Enterprise Fund, L.P. is Enterprise Capital
Management, Inc. The president of the General Partner is Joseph D.
Garea. Mr. Garea has extensive experience in banking, finance, and
investment analysis.
Enterprise Fund, L.P. will begin operations with committed capital
of $10,050,000 and will be a source of equity and debt financings for
qualified small business concerns. The SBIC GP will not engage in any
business other than serving as general partner of the applicant. The
applicant will operate without SBA leverage. The following limited
partners will own 10 percent or more of the proposed SBIC:
Name and Percentage of Ownership
General American Insurance Co., c/o Leonard Rubenstein, 700 Market
Street, St. Louis, MO 63101: 30%
Enterbank Holdings, Inc., c/o James C. Wagner, 150 N. Meramec, Clayton,
MO 63105: 10%
Investments are contemplated in various manufacturing,
distribution, and service businesses where the portfolio company's
position offers growth potential through increased market share or
growth in the market or niche. No industry is specifically targeted or
excluded; however, the mix of portfolio companies is expected to mirror
the general business population of the region. Investments in high
technology companies, restaurants, or companies in those industries
prohibited in the regulations promulgated by the SBA will not be
pursued.
Matters 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 that 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 Third Street, SW, Washington, D.C. 20416.
A copy of this Notice will be published in a newspaper of general
circulation in Clayton, Missouri.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies.)
Dated: January 22, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-1278 Filed 1-25-96; 8:45 am]
BILLING CODE 8025-01-P
