Notice2021-22960
Ballast Point Ventures IV, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest
Primary source
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Published
October 21, 2021
Issuing agencies
Small Business Administration
Full Text
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<title>Federal Register, Volume 86 Issue 201 (Thursday, October 21, 2021)</title>
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[Federal Register Volume 86, Number 201 (Thursday, October 21, 2021)]
[Notices]
[Page 58376]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-22960]
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SMALL BUSINESS ADMINISTRATION
[License No. 04/04-0352]
Ballast Point Ventures IV, L.P.; Notice Seeking Exemption Under
Section 312 of the Small Business Investment Act, Conflicts of Interest
Notice is hereby given that Ballast Point Ventures IV, L.P. 401
East Jackson Street, Suite 2300, Tampa, FL 33602, a Federal Licensee
under the Small Business Investment Act of 1958, as amended (``the
Act''), in connection with the financing of a small concern, has sought
an exemption under Section 312 of the Act and Section 107.730,
Financings which Constitute Conflicts of Interest of the Small Business
Administration (``SBA'') Rules and Regulations (13 CFR 107.730).
Ballast Point Ventures IV, L.P., is seeking a written exemption from
SBA for a proposed financing to Symphonic Distribution Inc., 707 N
Franklin Street, Suite 400, Tampa, FL 33602.
The financing is brought within the purview of Sec. 107.730(a)(4)
of the Regulations because Ballast Point Ventures IV, L.P. will provide
financing where its Associate owns more than 10% equity ownership in
the company, Symphonic Distribution Inc., and will have a portion of
its obligation discharged, therefore this transaction is considered
Provide financing to an Associate of another Licensee to discharge an
obligation of an Associate requiring SBA's prior written exemption.
Ballast Point Ventures IV, L.P. has not made its investment in
Symphonic Distribution Inc., and is seeking pre-financing SBA approval.
Notice is hereby given that any interested person may submit
written comments on this transaction within fifteen days of the date of
this publication to the Associate Administrator, Office of Investment
and Innovation, U.S. Small Business Administration, 409 Third Street
SW, Washington, DC 20416.
Small Business Administration.
Bailey DeVries,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2021-22960 Filed 10-20-21; 8:45 am]
BILLING CODE P
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