[Federal Register Volume 59, Number 114 (Wednesday, June 15, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14472]


[[Page Unknown]]

[Federal Register: June 15, 1994]


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SMALL BUSINESS ADMINISTRATION
[Application Number: 99000107]

 

Chesapeake Capital Lending Fund, L.P.; Application for a License 
To Operate as a Small Business Investment Company

    An application for a license to operate as a limited partnership 
small business investment company (SBIC) under the provisions of 
Section 301(c) of the Small Business Investment Act of 1958, as amended 
(Act) (15 U.S.C. 661, et seq.) has been filed by Chesapeake Capital 
Lending Fund, L.P. (``Applicant''), 629 E. Main Street, suite 1200, 
Richmond, Virginia 23219, with the Small Business Administration (SBA) 
pursuant to 13 CFR 107.102 (1994).
    The partners and their respective partnership interest in the 
Applicant are as follows: 

------------------------------------------------------------------------
                                                             Partnership
      Name and address                    Title                interest 
                                                              (percent) 
------------------------------------------------------------------------
Several Unidentified           Limited Partners (no limited          70 
 Corporations and/or            partner will have greater               
 Individuals.                   than 10% interests).                    
CCLF, L.C., 629 E. Main        General Partner.............         30  
 Street, Suite 1200,                                                    
 Richmond, VA 23219.                                                    
------------------------------------------------------------------------

    The proposed members and officers of CCLF, L.C., a limited 
liability company, are as follows: 

------------------------------------------------------------------------
                                                              Percentage
      Name and address                   Position                 of    
                                                              ownership 
------------------------------------------------------------------------
Charles E. Coudriet, 10221     Member, President and Chief           50 
 Navarre Court, Richmond, VA    Executive Officer.                      
 23233.                                                                 
Carter Kaplan & Company, L.P.  Member.......................         50 
 629 E. Main Street, Suite                                              
 1200, Richmond, VA 23219.                                              
Robert R. Kaplan, 3808 Old     Chairman.....................          0 
 Gun Road, West, Midlothian,                                            
 VA 23113.                                                              
William P. Carter, 2902        Secretary-Treasurer..........          0 
 Fincastle Court, Midlothian,                                           
 VA 23113.                                                              
------------------------------------------------------------------------


    CKC Advisors, L.C. is proposed to be the Applicant's Investment 
Advisor. The proposed members and officers of CKC Advisors, L.C., also 
a limited liability company, are as follows:


------------------------------------------------------------------------
                                                              Percentage
      Name and address                   Position                 of    
                                                              ownership 
------------------------------------------------------------------------
Charles E. Coudriet, 10221     Member, President and Chief           50 
 Navarre Court, Richmond, VA    Executive Officer.                      
 23233.                                                                 
Carter Kaplan & Company, L.P.  Member.......................         50 
 629 E. Main Street, Suite                                              
 1200, Richmond, VA 23219.                                              
Robert R. Kaplan, 3808 Old     Chairman.....................          0 
 Gun Road, West, Midlothian,                                            
 VA 23113.                                                              
William P. Carter, 2902        Executive Vice President.....          0 
 Fincastle Court, Midlothian,                                           
 VA 23113.                                                              
------------------------------------------------------------------------

    The Applicant proposes to begin operations with a capitalization of 
$10,000,000 and will be a source of long-term loan funds for qualified 
small business concerns.
    The Applicant intends to conduct its business operations primarily 
in the States of Maryland, North Carolina, Virginia and the District of 
Columbia.
    Matters involved in SBA's consideration of the application include 
the general business reputation and character of the proposed owner and 
management, and the probability of successful operations of the 
Applicant under their management including profitability and financial 
soundness, in accordance with the Act and Regulations.
    Notice is hereby given that any person may, no later than 30 days 
from the date of publication of this Notice, submit written comments on 
the proposed Applicant. Any such communication shall be addressed to 
the Associate Administrator for Investment, Small Business 
Administration, 409 Third Street, SW., Washington, DC 20416.
    A copy of this notice will be published in a newspaper of general 
circulation in Richmond, Virginia.

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

    Dated: June 7, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-14472 Filed 6-14-94; 8:45 am]
BILLING CODE 8025-01-M