LNC Partners II-SBIC, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published

October 31, 2022

Issuing agencies

Small Business Administration

Full Text

<html>
<head>
<title>Federal Register, Volume 87 Issue 209 (Monday, October 31, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 209 (Monday, October 31, 2022)]
[Notices]
[Page 65637]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-23605]


-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION

[License No. 03/03-0276]


LNC Partners II--SBIC, L.P.; Notice Seeking Exemption Under 
Section 312 of the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that LNC Partners II--SBIC, L.P., 11720 
Plaza America Drive, Suite 650, Reston, VA 20190, 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). LNC 
Partners II--SBIC, L.P. is providing a financing to OutSolve, LLC, 3330 
West Esplanade Ave., Metairie, LA 70002.
    The financing is brought within the purview of Sec.  107.730(a)(4) 
of the Regulations because LNC Partners II--SBIC, L.P. is providing a 
financing to OutSolve, LLC, Inc. that will be used, in part, to 
discharge an obligation to an Associate. Therefore, this transaction is 
considered financing a Small Business to discharge an obligation to its 
Associate, requiring a prior SBA exemption and pre-financing SBA 
approval.
    Notice is hereby given that any interested person may submit 
written comments on the 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.

Bailey DeVries,
Associate Administrator, Office of Investment and Innovation, U.S. 
Small Business Administration.
[FR Doc. 2022-23605 Filed 10-28-22; 8:45 am]
BILLING CODE P


</pre></body>
</html>

View on FederalRegister.gov →Plain-text source

Indexed from Federal Register on October 31, 2022.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.