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Walker Investment Fund II SBIC, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest

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Notice is hereby given that Walker Investment Fund II SBIC, L.P., 3060 Washington Road, Suite 200, Glenwood, Maryland 21738, 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 (2002)). Walker Investment Fund II SBIC, L.P. proposes to provide preferred equity security financing to Smarthinking, Inc. 1900 L Street, NW., Ste 301, Washington, DC 20036. The financing is contemplated to provide the company with the necessary working capital.

The financing is brought within the purview of Sec. 107.730(a)(1) of the Regulations because Walker Investment Fund II, LLLP, an Associate of Walker Investment Fund II SBIC, L.P. owns an interest in Smarthinking greater than 10 percent. 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.

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Jaime Guzman-Fournier,

Acting Associate Administrator for Investment.

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[FR Doc. 05-5510 Filed 3-18-05; 8:45 am]