[Federal Register Volume 77, Number 234 (Wednesday, December 5, 2012)]
[Notices]
[Page 72430]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-29359]


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SMALL BUSINESS ADMINISTRATION

[License No. 04/04-0315]


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

    Notice is hereby given that Salem Investment Partners III, L.P., 
1348 Westgate Center Drive, Suite 100, Winston-Salem, NC 27114, 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). Salem Investment Partners III, L.P. proposes to provide 
debt security financing to Industrial Services Group, Inc., 318 Neeley 
Street, Sumter, SC 29150 (``Universal Blastco'').
    The financing is brought within the purview of Sec.  107.730(a)(4) 
of the Regulations because Universal Blastco owes a debt obligation to 
Salem Capital Partners, L.P. and Salem Halifax Capital Partners, L.P., 
all Associates of Salem Investment Partners III, L.P., and a part of 
the financing will be used to discharge the obligation. Therefore this 
transaction is considered a financing constituting a conflict of 
interest requiring prior SBA approval.
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within fifteen 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: November 28, 2012
Sean J. Greene,
Associate Administrator for Investment.
[FR Doc. 2012-29359 Filed 12-4-12; 8:45 am]
BILLING CODE P