[Federal Register Volume 61, Number 18 (Friday, January 26, 1996)]
[Notices]
[Pages 2564-2565]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1277]



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SMALL BUSINESS ADMINISTRATION
[Application No. 99000179]


Wells Fargo Small Business Investment Company, Inc.; 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 Wells Fargo Small Business Investment Company, Inc., 
One Montgomery Street, West Tower, Suite 2530, San Francisco, CA 94104 
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 there under. Wells 
Fargo Small Business Investment Company, Inc., is a California 
corporation. The Fund's principal geographic operating area will be 
California, however the applicant may from time to time review 
selective opportunities throughout the United States.
    The applicant's only stockholder is Wells Fargo Equity Capital, 
Inc. There is only one class of stock. All shares have equal voting 
rights regarding dividends, liquidation and other organic matters, all 
in accordance with the laws of the State of California. The stock is 
not subject to redemption. The responsible managers of the applicant 
are Richard R. Green, President, and Steven W. Burge, Managing 
Director. Both Mr. Green and Mr. Burge will devote as much of their 
time as is necessary to manage the affairs of the applicant. Both Mr. 
Green and Mr. Burge have extensive experience in banking, finance, and 
investment analysis.
    The initial capitalization of $5,000,000 has been provided by Wells 
Fargo Equity Capital, Inc., the applicant's parent. The applicant will 
operate without SBA leverage. The following shareholders will own 10 
percent or more of the proposed SBIC:

Name and Percentage of Ownership

Wells Fargo Equity Capital, Inc., One Montgomery Street, West Tower, 
Suite 2530, San Francisco, CA 94104: 100%

    The applicant intends to support the growth and development of 
small business concerns in the State of California through a focus on 
the capital needs of small but viable enterprises that fall into the 
main stream of American business. The applicant expects to contribute 
to the small business community by establishing itself as a reliable 
source of supplimentary risk capital having different industry 
interests and different investment criteria than may be generally 
available in the market place.
    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 

[[Page 2565]]
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 that 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, D.C. 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in San Francisco, California.

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

    Dated: January 22, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-1277 Filed 1-25-96; 8:45 am]
BILLING CODE 8025-01-P