[Federal Register Volume 61, Number 31 (Wednesday, February 14, 1996)]
[Notices]
[Page 5829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3216]



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SMALL BUSINESS ADMINISTRATION

 Societe Generale Capital Corporation; Notice of Filing of an 
Application for a License To Operate as a Small Business Investment 
Company

[Application No. 99000195]
    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 (1996)) by Societe Generale Capital Corporation at 1221 Avenue 
of the Americas, 8th Floor, New York, New York 10020 for a license to 
operate as a non-leveraged 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.
    The Applicant plans to make investments throughout the United 
States in small businesses with experienced management teams and 
credible strategies for growth and success. It is anticipated that 
approximately 50% of the Applicant's investments will be in the form of 
equity (including common and preferred stock), and 50% in mezzanine 
debt which may be convertible or come with warrants or other equity 
participation rights. The Applicant plans to begin operations with 
Regulatory Capital of $5 million.
    Societe Generale Capital Holding Corporation will own 100% of the 
Common Stock of the Applicant. Societe Generale Capital Holding 
Corporation is a wholly-owned subsidiary of Societe Generale, one of 
the largest and most respected banking institutions in the world. 
Societe Generale operates as a conventional full-service bank in France 
through a network of 2,000 branches. Outside France, it is present in 
more than 500 offices in nearly 70 countries. The officers and 
directors of the Applicant are Steven A. Baronoff, President & CEO; 
Matthew B. Judson, Vice President & Treasurer; and Eric L. Hirschfield, 
Vice President & Secretary. These three investment professionals have 
extensive experience in investing in and advising both small and large 
businesses.
    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 New York, New York.

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

    Dated: Wednesday, February 7, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-3216 Filed 2-13-96; 8:45 am]
BILLING CODE 8025-01-P