[Federal Register Volume 72, Number 147 (Wednesday, August 1, 2007)]
[Notices]
[Page 42218]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 07-3753]


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SMALL BUSINESS ADMINISTRATION

[License No. 02/72-0625]


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

    Notice is hereby given that Founders Equity SBIC I, L.P., 711 Fifth 
Avenue, 5th 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). 
Founders Equity SBIC I, L.P. proposes to provide convertible preferred 
equity security financing to Richardson Foods, Inc. (``Richardson''), 
101 Erie Blvd., Canajoharie, NY 13317. The financing is contemplated to 
provide the company with working capital and cash to replace damaged 
assets.
    The financing is brought within the purview of Sec. 107.730(a)(1) 
of the Regulations because Founders Equity NY, L.P., and Associate of 
Founders Equity SBIC I, L.P. owns 27% of Richardson. 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.

    Dated: July 23, 2007.
Harry Haskins,
Acting Associate Administrator for Investment.
[FR Doc. 07-3753 Filed 7-31-07; 8:45 am]
BILLING CODE 8025-01-M