[Federal Register Volume 82, Number 35 (Thursday, February 23, 2017)]
[Notices]
[Page 11493]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03473]


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SMALL BUSINESS ADMINISTRATION

[License No. 05/05-0320]


LFE Growth Fund III, LP; Notice Seeking Exemption Under Section 
312 of the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that LFE Growth Fund III, LP, 319 Barry 
Avenue South, Suite 215, Wayzata, MN 55391, 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). LFE 
Growth Fund III, LP proposes to provide debt financing to Wellbeats, 
Inc., 11600 96th Ave. North, Maple Grove, MN 55369. The proceeds will 
be used to fund growth of the company.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because LFE Growth Fund III, LP and LFE Growth Fund 
II, LP are Associates and because LFE Growth Fund II, LP has a greater 
than ten percent interest in Wellbeats. Therefore this transaction is 
considered financing an Associate requiring SBA prior written 
exemption.
    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 Office of 
Investment and Innovation, U.S. Small Business Administration, 409 
Third Street SW., Washington, DC 20416.

    Dated: February 15, 2017.
Michele Schimpp,
Acting Associate Administrator for Office of Investment and Innovation.
[FR Doc. 2017-03473 Filed 2-22-17; 8:45 am]
BILLING CODE 8025-01-P