[Federal Register Volume 61, Number 18 (Friday, January 26, 1996)]
[Notices]
[Page 2564]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1278]



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SMALL BUSINESS ADMINISTRATION

[Application No. 99000180]


Enterprise Fund, L.P.; 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 Enterprise Fund, L.P., 150 North Meramec, Clayton, 
Missouri 63105-3753 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. Enterprise Fund, L.P., is a Delaware limited 
partnership. The Fund investments will be made primarily in small 
business concerns located in the St. Louis, Missouri metropolitan area. 
Enterprise Fund, L.P. may also consider investments in the Eastern 
Missouri and Southern Illinois regions, and the Fund may make a limited 
number of investments in businesses located within a 250-mile radius of 
St. Louis.
    The General Partner of Enterprise Fund, L.P. is Enterprise Capital 
Management, Inc. The president of the General Partner is Joseph D. 
Garea. Mr. Garea has extensive experience in banking, finance, and 
investment analysis.
    Enterprise Fund, L.P. will begin operations with committed capital 
of $10,050,000 and will be a source of equity and debt financings for 
qualified small business concerns. The SBIC GP will not engage in any 
business other than serving as general partner of the applicant. The 
applicant will operate without SBA leverage. The following limited 
partners will own 10 percent or more of the proposed SBIC:

Name and Percentage of Ownership

General American Insurance Co., c/o Leonard Rubenstein, 700 Market 
Street, St. Louis, MO 63101: 30%
Enterbank Holdings, Inc., c/o James C. Wagner, 150 N. Meramec, Clayton, 
MO 63105: 10%

    Investments are contemplated in various manufacturing, 
distribution, and service businesses where the portfolio company's 
position offers growth potential through increased market share or 
growth in the market or niche. No industry is specifically targeted or 
excluded; however, the mix of portfolio companies is expected to mirror 
the general business population of the region. Investments in high 
technology companies, restaurants, or companies in those industries 
prohibited in the regulations promulgated by the SBA will not be 
pursued.
    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 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 Clayton, Missouri.

(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. 96-1278 Filed 1-25-96; 8:45 am]
BILLING CODE 8025-01-P