[Federal Register Volume 70, Number 53 (Monday, March 21, 2005)]
[Notices]
[Page 13565]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-5509]



[[Page 13565]]

=======================================================================
-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION

[License No. 02/72-0634]


L Capital Partners SBIC, L.P.; Notice Seeking Exemption Under 
Section 312 of the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that L Capital Partners SBIC, L.P., 10 East 
53rd Street, 37th Floor, New York, New York 10022, a Federal Licensee 
under the Small Business Investment Act of 1958, as amended (``the 
Act''), in connection with the financing of a small concern, has sought 
an exemption under section 312 of the Act and section 107.730, 
Financings which Constitute Conflicts of Interest of the Small Business 
Administration (``SBA'') rules and regulations (13 CFR 107.730 (2002)). 
L Capital Partners SBIC, L.P. proposes to provide preferred equity 
security financing to Proxy Aviation, LLC, 12850 Middlebrook Road, 
Germantown, MD 20874. The financing is contemplated to provide the 
company with the necessary working capital.
    The financing is brought within the purview of Sec. 107.730(a)(1) 
of the Regulations because Jonathan Leitersdorf, an Associate of L 
Capital Partners SBIC, L.P. has Control over Proxy, is Chairman of the 
Board of Proxy and is the sole member of Proxy. Therefore, this 
transaction is considered a financing of an Associate requiring prior 
SBA approval.
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within 15 days of the date of this 
publication, to the Associate Administrator for Investment, U.S. Small 
Business Administration, 409 Third Street, SW., Washington, DC 20416.

Jamie Guzman-Fournier,
Acting Associate Administrator for Investment.
[FR Doc. 05-5509 Filed 3-18-05; 8:45 am]
BILLING CODE 8025-01-P