Investment Firm Seeks Waiver for Chimney Business Conflict
Published Date: 6/4/2025
Notice
Summary
Argosy Investment Partners IV wants to lend money to Olympia Chimney Supply, a company partly owned by a related group. Because of this connection, they need special permission to avoid conflicts of interest. People have 15 days from June 4, 2025, to share their thoughts before the deal moves forward.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
SBA exemption required for affiliate loan
Argosy Investment Partners IV wants to lend money to Olympia Chimney Supply, but the loan counts as financing of an Associate because Odyssey Capital Group owns more than ten percent of Olympia. Because of that ownership, the transaction requires a prior written exemption under Section 312 and 13 CFR 107.730(a) and (d).
15-day public comment opportunity
Any interested person may submit written comments about this proposed financing to the SBA Associate Administrator for Investment and Innovation within fifteen days of the June 4, 2025 publication (by June 19, 2025). Send comments to U.S. Small Business Administration, 409 Third Street SW, Washington, DC 20416.
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