[Federal Register Volume 59, Number 78 (Friday, April 22, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-9802]


[[Page Unknown]]

[Federal Register: April 22, 1994]


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SMALL BUSINESS ADMINISTRATION
[Application No. 99000086]

 

Mid Market Capital, Inc.; 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 Sec. 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by Mid Market Capital, Inc., 130 Grace Church Street, 
Rye, New York 10580, 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 thereunder.
    The proposed Officers, Directors and Shareholders of the Applicant 
will be as follows:

------------------------------------------------------------------------
                                                              Percent of
              Name                    Title or position       ownership 
------------------------------------------------------------------------
Allen H. Fisher, 31 Voorhis      President and Director....        00.00
 Drive, Old Bethpage, NY 11804.                                         
Richard L. Klass, 130 Grace      Chairman, Secretary,                .00
 Church Street, Rye, NY 10580.    Treasurer and Director.               
Ronald K. Palmgren, 46 Pound     Executive Vice President            .00
 Ridge Road, Bedford, NY 10506.   and Director.                         
Mid Market Investors, L.P., 250  Sole Shareholder..........       100.00
 Park Avenue, New York, NY                                              
 10177.                                                                 
                                                                        
The proposed Partners of the Sole Shareholder of the Applicant are as   
 follows:                                                               
                                                                        
Mid Market Investors, Inc., 250  Corporate General Partner.         1.76
 Park Avenue, New York, NY                                              
 10177.                                                                 
Invermara Capital, Markets, NV,  Limited Partner...........        98.04
 Avenida Francisee de Miranda,                                          
 Edificio Galipan, Urh, El                                              
 Rosal, Caracas, Venezuela.                                             
                                                                        
The proposed Owner's of the Corporate General Partner of the Sole       
 Shareholder of the Applicant are as follows:                           
                                                                        
Allen H. Fisher, 31 Voorhis      Owner.....................        50.00
 Drive, Old Bethpage, NY 11804.                                         
Richard L. Klass, 130 Grace      Owner.....................        50.00
 Church Street, Rye, NY 10580.                                          
                                                                        
The proposed Owner of the Limited Partner of the Sole Shareholder of the
 Applicant is as follows:                                               
                                                                        
Banco Maracaibo, C.A., Avenida   Owner.....................       100.00
 El Milagro, Maracaibo 4001,                                            
 Apartado 89, Edificio Zulia,                                           
 Caracas, Venezuela.                                                    
                                                                        
The proposed Officers, Directors and Shareholders of Mid Market         
 Advisors, Inc., to be engaged as the Applicant's Investment Advisor,   
 under a Investment Advisory Agreement, are as follows:                 
                                                                        
Allen H. Fisher, 31 Voorhis      President and Director....        35.00
 Drive, Old Bethpage, NY.                                               
Richard L. Klass, 130 Grace      Chairman, Secretary               35.00
 Church Street, Rye, NY 10580.    Treasurer and Director.               
Invermara Capital, Markets, NV,  N/A.......................        15.00
 Avenida Francisco de Miranda,                                          
 Edificio Galipan, Urh, El                                              
 Rosal, Caracas, Venezuela.                                             
Private Corporate Advisors, Inc  N/A.......................        15.00
Steven H. Brooks, 75 Inwood      Executive Investment              00.00
 Road, Darien, Ct 06820.          Manager.                              
John J. Schoffelen, 54 St.       Executive Investment              00.00
 James Street, South, Garden      Manager.                              
 City, NY 11530.                                                        
------------------------------------------------------------------------

    The Applicant, a New York Corporation, is expected to begin 
operations with $5,000,000 of private capital. The Applicant intends to 
conduct its business activities in the State of New York, primary in 
the New England and Mid-Atlantic sections of the United States, and 
thereafter, throughout the 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 
existing company under their management including profitability and 
financial soundness in accordance with the Small Business Investment 
Act and the SBA Rules and Regulations.
    Notice is further given that any person may, not later than 30 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, DC 20416.
    A copy of the Notice shall be published in a newspaper of general 
circulation in the State of New York.

(Catalog of Federal Domestic Assistance Program No. 59.011, Small 
Business Investment Companies)

    Dated: April 13, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-9802 Filed 4-21-94; 8:45 am]
BILLING CODE 8025-01-M