[Federal Register Volume 75, Number 108 (Monday, June 7, 2010)]
[Notices]
[Page 32230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-13536]


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SMALL BUSINESS ADMINISTRATION

[License No. 09/79-0454]


Emergence 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 Emergence Capital Partners SBIC, L.P., 
160 Bovet Road, Suite 300, San Mateo, CA 94402, 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). 
Emergence Capital Partners SBIC, L.P. proposes to provide equity 
financing to Bill.com, Inc., 3520 Ash Street, Palo Alto, CA 94306. The 
financing is contemplated for working capital and general operating 
purposes.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Emergence Capital Partners, L.P. and 
Emergence Capital Associates, L.P., Associates of Emergence Capital 
Partners SBIC, L.P., own more than ten percent of Bill.com, Inc. 
Therefore, Bill.com, Inc. is considered an Associate of Emergence 
Capital Partners SBIC, L.P. and this transaction is considered 
Financing 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: May 18, 2010.
Sean J. Greene,
Associate Administrator for Investment.
[FR Doc. 2010-13536 Filed 6-4-10; 8:45 am]
BILLING CODE 8025-01-P