[Federal Register Volume 61, Number 31 (Wednesday, February 14, 1996)]
[Notices]
[Pages 5828-5829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3215]
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SMALL BUSINESS ADMINISTRATION
Commerce Capital, L.P.; Notice of Filing of an Application for a
License To Operate as a Small Business Investment Company
[Application No. 99000175]
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 Commerce Capital, L.P., at 611 Commerce Street,
Stouffer Tower Suite 2723, Nashville, Tennessee 37203 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. 661 et seq.),
and the Rules and Regulations promulgated thereunder.
Commerce Capital, L.P., is a Tennessee limited partnership, of
which Commerce Equity Capital Corporation is the sole general partner.
The individual General Partners of Commerce Capital, L.P. are
Andrew Higgins, Rudy E. Ruark, George M. Garrett and Joe B. Brandon.
All four of these individuals have extensive experience in banking,
finance, and investment analysis.
Commerce Capital, L.P. will begin operations with committed capital
of $3.75 million and will be a source of equity and debt financings for
qualified small business concerns.
The following partners will own 10 percent or more of the proposed
SBIC:Tennessee Valley Authority, 53%; Columbia/HCA Healthcare
Corporation, 26%.
The applicant intends to focus on subordinated debt and equity
investments in small to medium size companies across a variety of
industries. The applicant seeks to have a diversified portfolio with
investments in
[[Page 5829]]
companies from serveral industries, with emphasis on companies in
manufacturing, health care, environment, and communication and
information services industries.
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 Nashville, Tennessee.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies).
Dated: February 7, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-3215 Filed 2-13-96; 8:45 am]
BILLING CODE 8025-01-P
