[Federal Register Volume 60, Number 135 (Friday, July 14, 1995)]
[Notices]
[Pages 36325-36326]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17368]



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SMALL BUSINESS ADMINISTRATION
[Application No. 99000171]


Creditanstalt Small Business Investment Corporation; Notice of 
Filing of 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 (1995)) by Creditanstalt Small Business Investment Corporation, 
245 Park Avenue, 27th Floor, New York, NY 10167, for a license to 
operate as a small business investment corporation (SBIC) under the 
Small Business Investment Act of 1958, as amended, (15 U.S.C. 661 et 
seq.), and the Rules and Regulations promulgated thereunder.
    The applicant is a wholly owned second tier subsidiary of 
Creditanstalt-Bankverein formed under Delaware law. Its areas of 
operation are intended to be diversified among numerous regions and 
industries throughout the United States, with particular emphasis in 
the southeast, northeast, and west coast. The applicant's officers will 
be Dennis C. O'Dowd (President), Kathy L. Herbert (Secretary), and 
Peter A. Poelzlbauer (Treasurer). All three are officers of 
Creditanstalt American Corporation (CAC) and/or Creditanstalt-
Bankverein, and each has extensive experience in banking, finance, and 
investment analysis.
    Creditanstalt Small Business Investment Corporation will begin 
operations with committed capital of $2.5 million from CAC with 
additional capital contributed over time, as necessary, to fund 
investment opportunities when they arise once applicant is granted a 
license to operate as a small business investment company. 
Creditanstalt SBIC's entire $2.5 million of initial private capital is 
being contributed by CAC, its sole shareholder. Accordingly, the 
following shareholder will own 10 percent or more of the proposed SBIC:

                                                                        

[[Page 36326]]
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                                                              Percentage
                            Name                                  of    
                                                              ownership 
------------------------------------------------------------------------
Creditanstalt American Corporation, 245 Park Avenue, 27th               
 Floor, New York, New York 10167...........................          100
------------------------------------------------------------------------



    The applicant intends to focus on subordinated debt and equity 
investments in small to medium size companies across a variety of 
industries. The applicant anticipates having a particular emphasis in 
the telecommunications, information services and healthcare industries. 
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 Third Street, SW., Washington, DC 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in New York, New York.

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

    Dated: July 6, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-17368 Filed 7-13-95; 8:45 am]
BILLING CODE 8025-01-M