[Federal Register Volume 60, Number 204 (Monday, October 23, 1995)]
[Notices]
[Page 54406]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26171]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000182]
Penny Lane Partners, L.P.; 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 (1995)) by Penny Lane Partners, L.P., One Palmer Square, Suite
510, Princeton, New Jersey, 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. Subsection 661 et seq.), and the
Rules and Regulations promulgated thereunder.
Penny Lane Partners, L.P. is a limited partnership formed under
Delaware state law. The applicant will be managed by Penny Lane
Advisors, (the ``Management Company''). William R. Denslow, Jr., Robert
J. Kramer, Stephen H. Shaffer, and Gregory O. Trautman are the
principals of the Management Company. No individual or entity owns more
than 10 percent of the proposed SBIC.
The applicant will begin operations with capitalization in excess
of $10 million and will be a source of equity financings for qualified
small business concerns. The applicant will focus its investments in
the Northeastern United States.
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 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 Princeton, New Jersey.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies)
Dated: October 17, 1995.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 95-26171 Filed 10-20-95; 8:45 am]
BILLING CODE 8025-01-P
