[Federal Register Volume 76, Number 34 (Friday, February 18, 2011)]
[Notices]
[Page 9630]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-3771]


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SMALL BUSINESS ADMINISTRATION

[License No. 05/05-0293]


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

    Notice is hereby given that Convergent Capital Partners II, L.P., 
505 North Highway 169, Suite 245, Minneapolis, MN, 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). 
Convergent Capital Partners II, L.P., proposes to provide debt security 
financing to Progressive Rail, Inc., 21778 Highview Avenue, Lakeville, 
MN 55044. The financing is contemplated for growth and general 
corporate purposes.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Convergent Capital Partners II, L.P.'s 
financing will discharge an obligation of Progressive Rail, Inc., owed 
to Convergent Capital Partners I, L.P., which is considered an 
Associate of Convergent Capital Partners II, L.P., as defined in Sec. 
105.50 of the regulations.
    Notice is hereby given that any interested person may submit 
written comments on the transaction to the Associate Administrator for 
Investment and Innovation, U.S. Small Business Administration, 409 
Third Street, SW., Washington, DC 20416.

    Dated: February 11, 2011.
Sean J. Greene,
Associate Administrator for Investment and Innovation.
[FR Doc. 2011-3771 Filed 2-17-11; 8:45 am]
BILLING CODE 8025-01-P