[Federal Register Volume 60, Number 118 (Tuesday, June 20, 1995)]
[Notices]
[Page 32193]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15010]



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SMALL BUSINESS ADMINISTRATION

[Application No. 99000169]


CF Investment Co.; Notice of 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 Section 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by CF Investment Company, at 102 South Main Street, 
Greenville, South Carolina 29601 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.
    CF Investment Company, a South Carolina corporation, is a wholly 
owned subsidiary of Carolina First Corporation, a bank holding company. 
The applicant's officers will be William S. Hummers III (President), 
Catherine W. Batson (Secretary), and Mary M. Gentry (Treasurer). All 
three of these individuals are officers of Carolina First Corporation 
and/or Carolina First Bank, and each has extensive experience in 
banking, finance, and investment analysis.
    CF Investment Company will begin operations with committed capital 
of $2.5 million, with another $1.5 million or more available to the 
applicant from Carolina First Corporation as investment opportunities 
arise. CF Investment Company's entire $2.5 million of initial private 
capital is being contributed by Carolina First Corporation, its sole 
shareholder, by means of a private placement. Accordingly, the 
following shareholder will own 10 percent or more of the proposed SBIC:
    Name: Carolina First Corporation, 102 South Main Street, 
Greenville, South Carolina 29601.
    Percentage of ownership: 100%.
    CF Investment Company is being formed primarily as a vehicle for 
investment in small enterprises that engaged in businesses that relate 
to, but do not directly constitute, banking or financial services. The 
applicant will be a source of debt and equity financing for qualified 
small business concerns that are based in South Carolina or that serve 
South Carolina. The applicant does not plan to seek financing from the 
SBA.
    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 Greenville, South Carolina.

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

    Dated: June 13, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-15010 Filed 6-19-95; 8:45 am]
BILLING CODE 8025-01-M