Price Graph
Price
Yield
These terms and conditions govern your use of the website alphaminr.com and its related services.
These Terms and Conditions (“Terms”) are a binding contract between you and Alphaminr, (“Alphaminr”, “we”, “us” and “service”). You must agree to and accept the Terms. These Terms include the provisions in this document as well as those in the Privacy Policy. These terms may be modified at any time.
Your subscription will be on a month to month basis and automatically renew every month. You may terminate your subscription at any time through your account.
We will provide you with advance notice of any change in fees.
You represent that you are of legal age to form a binding contract. You are responsible for any
activity associated with your account. The account can be logged in at only one computer at a
time.
The Services are intended for your own individual use. You shall only use the Services in a
manner that complies with all laws. You may not use any automated software, spider or system to
scrape data from Alphaminr.
Alphaminr is not a financial advisor and does not provide financial advice of any kind. The service is provided “As is”. The materials and information accessible through the Service are solely for informational purposes. While we strive to provide good information and data, we make no guarantee or warranty as to its accuracy.
TO THE EXTENT PERMITTED BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES SHALL ALPHAMINR BE LIABLE TO YOU FOR DAMAGES OF ANY KIND, INCLUDING DAMAGES FOR INVESTMENT LOSSES, LOSS OF DATA, OR ACCURACY OF DATA, OR FOR ANY AMOUNT, IN THE AGGREGATE, IN EXCESS OF THE GREATER OF (1) FIFTY DOLLARS OR (2) THE AMOUNTS PAID BY YOU TO ALPHAMINR IN THE SIX MONTH PERIOD PRECEDING THIS APPLICABLE CLAIM. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL OR CERTAIN OTHER DAMAGES, SO THE ABOVE LIMITATION AND EXCLUSIONS MAY NOT APPLY TO YOU.
If any provision of these Terms is found to be invalid under any applicable law, such provision shall not affect the validity or enforceability of the remaining provisions herein.
This privacy policy describes how we (“Alphaminr”) collect, use, share and protect your personal information when we provide our service (“Service”). This Privacy Policy explains how information is collected about you either directly or indirectly. By using our service, you acknowledge the terms of this Privacy Notice. If you do not agree to the terms of this Privacy Policy, please do not use our Service. You should contact us if you have questions about it. We may modify this Privacy Policy periodically.
When you register for our Service, we collect information from you such as your name, email address and credit card information.
Like many other websites we use “cookies”, which are small text files that are stored on your computer or other device that record your preferences and actions, including how you use the website. You can set your browser or device to refuse all cookies or to alert you when a cookie is being sent. If you delete your cookies, if you opt-out from cookies, some Services may not function properly. We collect information when you use our Service. This includes which pages you visit.
We use Google Analytics and we use Stripe for payment processing. We will not share the information we collect with third parties for promotional purposes. We may share personal information with law enforcement as required or permitted by law.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maryland
|
|
46-3755188
|
|
(State or other jurisdiction of
incorporation or organization)
|
|
(I.R.S. Employer
Identification No.)
|
|
|
|
|
|
1981 Marcus Avenue, Suite 130, Lake Success, New York
|
|
11042
|
|
(Address of principal executive offices)
|
|
(Zip Code)
|
|
Large accelerated filer
|
|
¨
|
Accelerated filer
|
|
x
|
|
|
|
|
|
|
|
|
Non-accelerated filer
|
|
¨
|
Smaller reporting company
|
|
¨
|
|
|
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(In Thousands, except for Per Share Data)
|
|||||||
|
|
June 30, 2016
|
|
December 31, 2015
|
||||
|
ASSETS
|
(Unaudited)
|
|
(Note 1)
|
||||
|
Investments, at fair value
|
|
|
|
||||
|
SBA unguaranteed non-affiliate investments (cost of $188,880 and $166,752, respectively; includes $139,050 and $146,463, respectively, related to securitization trusts)
|
$
|
179,915
|
|
|
$
|
158,355
|
|
|
SBA guaranteed non-affiliate investments (cost of $8,641 and $2,069, respectively)
|
9,623
|
|
|
2,284
|
|
||
|
Controlled investments (cost of $40,331 and $35,781, respectively)
|
115,085
|
|
|
104,376
|
|
||
|
Non-control/non-affiliate investments (cost of $1,213 and $1,847, respectively)
|
1,146
|
|
|
1,824
|
|
||
|
Investments in money market funds (cost of $35 and $35, respectively)
|
35
|
|
|
35
|
|
||
|
Total investments at fair value
|
305,804
|
|
|
266,874
|
|
||
|
Cash and cash equivalents
|
3,221
|
|
|
4,308
|
|
||
|
Restricted cash
|
19,995
|
|
|
22,869
|
|
||
|
Broker receivable
|
19,861
|
|
|
32,083
|
|
||
|
Due from related parties
|
2,998
|
|
|
3,056
|
|
||
|
Servicing assets, at fair value
|
14,489
|
|
|
13,042
|
|
||
|
Credits in lieu of cash, at fair value
|
432
|
|
|
860
|
|
||
|
Other assets
|
9,882
|
|
|
9,338
|
|
||
|
Total assets
|
$
|
376,682
|
|
|
$
|
352,430
|
|
|
LIABILITIES AND NET ASSETS
|
|
|
|
||||
|
Liabilities:
|
|
|
|
||||
|
Bank notes payable
|
$
|
25,050
|
|
|
$
|
29,100
|
|
|
Notes due 2022
|
7,811
|
|
|
7,770
|
|
||
|
Notes due 2021
|
38,592
|
|
|
—
|
|
||
|
Notes payable - Securitization trusts (net of $2,240 and $2,501 of debt issuance costs, respectively)
|
79,320
|
|
|
89,244
|
|
||
|
Dividends payable
|
—
|
|
|
5,802
|
|
||
|
Notes payable - related parties
|
4,800
|
|
|
5,647
|
|
||
|
Due to related parties
|
855
|
|
|
256
|
|
||
|
Notes payable in credits in lieu of cash, at fair value
|
432
|
|
|
860
|
|
||
|
Deferred tax liability
|
3,298
|
|
|
857
|
|
||
|
Accounts payable, accrued expenses and other liabilities
|
12,096
|
|
|
8,945
|
|
||
|
Total liabilities
|
172,254
|
|
|
148,481
|
|
||
|
Commitments and contingencies (Note 8)
|
|
|
|
||||
|
Net Assets:
|
|
|
|
||||
|
Preferred stock (par value $0.02 per share; authorized 1,000 shares, no shares issued and outstanding)
|
—
|
|
|
—
|
|
||
|
Common stock (par value $0.02 per share; authorized 200,000 shares, 14,484 and 14,509 issued and outstanding, respectively)
|
290
|
|
|
290
|
|
||
|
Additional paid-in capital
|
188,673
|
|
|
189,031
|
|
||
|
Undistributed net investment income
|
(1,024
|
)
|
|
4,437
|
|
||
|
Net unrealized appreciation, net of deferred taxes
|
10,678
|
|
|
8,062
|
|
||
|
Net realized gains
|
5,811
|
|
|
2,129
|
|
||
|
Total net assets
|
204,428
|
|
|
203,949
|
|
||
|
Total liabilities and net assets
|
$
|
376,682
|
|
|
$
|
352,430
|
|
|
Net asset value per common share
|
$
|
14.11
|
|
|
$
|
14.06
|
|
|
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||||||
|
Investment income:
|
|
|
|
|
|
|
|
||||||||
|
From non-affiliate investments:
|
|
|
|
|
|
|
|
||||||||
|
Interest income
|
$
|
2,370
|
|
|
$
|
2,231
|
|
|
$
|
4,821
|
|
|
$
|
4,356
|
|
|
Servicing income
|
1,659
|
|
|
1,068
|
|
|
3,030
|
|
|
2,111
|
|
||||
|
Other income
|
624
|
|
|
464
|
|
|
1,221
|
|
|
859
|
|
||||
|
Total investment income from non-affiliate investments
|
4,653
|
|
|
3,763
|
|
|
9,072
|
|
|
7,326
|
|
||||
|
From controlled investments:
|
|
|
|
|
|
|
|
||||||||
|
Interest income
|
77
|
|
|
56
|
|
|
159
|
|
|
144
|
|
||||
|
Dividend income
|
2,493
|
|
|
1,787
|
|
|
4,786
|
|
|
2,874
|
|
||||
|
Other income
|
—
|
|
|
—
|
|
|
—
|
|
|
12
|
|
||||
|
Total investment income from controlled investments
|
2,570
|
|
|
1,843
|
|
|
4,945
|
|
|
3,030
|
|
||||
|
Total investment income
|
7,223
|
|
|
5,606
|
|
|
14,017
|
|
|
10,356
|
|
||||
|
Expenses:
|
|
|
|
|
|
|
|
||||||||
|
Salaries and benefits
|
3,629
|
|
|
3,133
|
|
|
6,973
|
|
|
6,156
|
|
||||
|
Interest
|
1,975
|
|
|
1,728
|
|
|
3,463
|
|
|
3,084
|
|
||||
|
Depreciation and amortization
|
85
|
|
|
85
|
|
|
125
|
|
|
170
|
|
||||
|
Loss on lease
|
1,487
|
|
|
—
|
|
|
1,487
|
|
|
—
|
|
||||
|
Other general and administrative costs
|
4,128
|
|
|
2,955
|
|
|
7,430
|
|
|
5,717
|
|
||||
|
Total expenses
|
11,304
|
|
|
7,901
|
|
|
19,478
|
|
|
15,127
|
|
||||
|
Net investment loss
|
(4,081
|
)
|
|
(2,295
|
)
|
|
(5,461
|
)
|
|
(4,771
|
)
|
||||
|
Net realized and unrealized gains (losses):
|
|
|
|
|
|
|
|
||||||||
|
Net realized gain on non-affiliate investments
|
7,534
|
|
|
7,340
|
|
|
13,820
|
|
|
15,039
|
|
||||
|
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments
|
706
|
|
|
(1,464
|
)
|
|
768
|
|
|
(3,162
|
)
|
||||
|
Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments
|
478
|
|
|
(470
|
)
|
|
(549
|
)
|
|
(1,136
|
)
|
||||
|
Net unrealized appreciation on controlled investments
|
2,034
|
|
|
2,019
|
|
|
5,724
|
|
|
9,519
|
|
||||
|
Provision for deferred taxes on unrealized appreciation on controlled investments
|
(833
|
)
|
|
—
|
|
|
(2,441
|
)
|
|
—
|
|
||||
|
Net unrealized depreciation on non-control/non-affiliate investments
|
(27
|
)
|
|
—
|
|
|
(43
|
)
|
|
—
|
|
||||
|
Net unrealized depreciation on servicing assets
|
(438
|
)
|
|
(256
|
)
|
|
(841
|
)
|
|
(612
|
)
|
||||
|
Net unrealized (depreciation) appreciation on credits in lieu of cash and notes payable in credits in lieu of cash
|
(1
|
)
|
|
2
|
|
|
(1
|
)
|
|
2
|
|
||||
|
Net realized and unrealized gains
|
9,453
|
|
|
7,171
|
|
|
16,437
|
|
|
19,650
|
|
||||
|
Net increase in net assets
|
$
|
5,372
|
|
|
$
|
4,876
|
|
|
$
|
10,976
|
|
|
$
|
14,879
|
|
|
Net increase in net assets per share
|
$
|
0.37
|
|
|
$
|
0.48
|
|
|
$
|
0.76
|
|
|
$
|
1.46
|
|
|
Net investment loss per share
|
$
|
(0.28
|
)
|
|
$
|
(0.22
|
)
|
|
$
|
(0.38
|
)
|
|
$
|
(0.47
|
)
|
|
Dividends declared per common share
|
$
|
0.35
|
|
|
$
|
0.47
|
|
|
$
|
0.70
|
|
|
$
|
0.86
|
|
|
Weighted average shares outstanding
|
14,481
|
|
|
10,206
|
|
|
14,495
|
|
|
10,206
|
|
||||
|
|
Six Months Ended June 30, 2016
|
||
|
Increase in net assets:
|
|
||
|
Net investment loss
|
$
|
(5,461
|
)
|
|
Net realized gain on investments
|
13,820
|
|
|
|
Net change in unrealized appreciation on investments
|
3,459
|
|
|
|
Net change in unrealized depreciation on servicing assets
|
(841
|
)
|
|
|
Net change in unrealized depreciation on credits in lieu of cash and notes payable in credits in lieu of cash
|
(1
|
)
|
|
|
Net increase in net assets
|
10,976
|
|
|
|
Distributions to stockholders:
|
|
||
|
Distributions to stockholders from net realized gains
|
(10,138
|
)
|
|
|
Capital share transactions:
|
|
||
|
Issuance of common stock under dividend reinvestment plan
|
505
|
|
|
|
Repurchase of common stock under share repurchase plan
|
(866
|
)
|
|
|
Net decrease in net assets from capital share transactions
|
(361
|
)
|
|
|
Other transactions:
|
|
||
|
Return of dividends related to common stock issued in connection with litigation settlement
|
2
|
|
|
|
Total increase in net assets
|
479
|
|
|
|
Net assets at beginning of period
|
203,949
|
|
|
|
Net assets at end of period
|
$
|
204,428
|
|
|
Common shares outstanding at end of period
|
14,484
|
|
|
|
Capital share activity:
|
|
||
|
Shares issued under dividend reinvestment plan
|
45
|
|
|
|
Shares repurchased under share repurchase plan
|
(70
|
)
|
|
|
Net decrease in capital activity
|
(25
|
)
|
|
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
(In Thousands)
|
|||||||
|
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||
|
Cash flows from operating activities:
|
|
|
|
||||
|
Net increase in net assets
|
$
|
10,976
|
|
|
$
|
14,879
|
|
|
Adjustments to reconcile net increase in net assets to net cash provided by operating activities:
|
|
|
|
||||
|
Net unrealized appreciation on controlled investments
|
(5,724
|
)
|
|
(9,519
|
)
|
||
|
Net unrealized depreciation on non-affiliate investments
|
(175
|
)
|
|
4,298
|
|
||
|
Net unrealized depreciation on servicing assets
|
841
|
|
|
612
|
|
||
|
Realized gains on non-affiliate investments
|
(13,805
|
)
|
|
(15,439
|
)
|
||
|
Realized losses on non-affiliate investments
|
—
|
|
|
400
|
|
||
|
Loss on lease
|
1,487
|
|
|
—
|
|
||
|
Amortization of deferred financing costs
|
564
|
|
|
—
|
|
||
|
Deferred income taxes
|
2,441
|
|
|
—
|
|
||
|
Depreciation and amortization
|
125
|
|
|
170
|
|
||
|
Purchase of loan from SBA
|
—
|
|
|
(703
|
)
|
||
|
Funding of controlled investments
|
(6,150
|
)
|
|
(200
|
)
|
||
|
Originations of SBA guaranteed non-affiliate investments
|
(100,533
|
)
|
|
(79,070
|
)
|
||
|
Principal payments received from controlled investments
|
1,600
|
|
|
600
|
|
||
|
Principal payments received from non-control/non-affiliate investments
|
634
|
|
|
—
|
|
||
|
Proceeds from sale of SBA guaranteed non-affiliate investments
|
107,509
|
|
|
119,969
|
|
||
|
Originations of SBA unguaranteed non-affiliate investments
|
(31,351
|
)
|
|
(24,441
|
)
|
||
|
Payments received on SBA non-affiliate investments
|
9,376
|
|
|
7,792
|
|
||
|
Other, net
|
193
|
|
|
548
|
|
||
|
Changes in operating assets and liabilities:
|
|
|
|
||||
|
Net increase in investments in money market funds
|
—
|
|
|
2,774
|
|
||
|
Broker receivable
|
12,222
|
|
|
(24,772
|
)
|
||
|
Due to/from related parties
|
220
|
|
|
(465
|
)
|
||
|
Other assets
|
663
|
|
|
2,773
|
|
||
|
Accounts payable, accrued expenses, other liabilities and deferred revenue
|
2,177
|
|
|
2,675
|
|
||
|
Change in restricted cash
|
15,335
|
|
|
2,835
|
|
||
|
Capitalized servicing assets
|
(2,288
|
)
|
|
(2,404
|
)
|
||
|
Other, net
|
19
|
|
|
121
|
|
||
|
Net cash provided by operating activities
|
6,356
|
|
|
3,433
|
|
||
|
Cash flows from investing activities:
|
|
|
|
||||
|
Purchase of fixed assets
|
(1,543
|
)
|
|
(70
|
)
|
||
|
Cash flows from financing activities:
|
|
|
|
||||
|
Net payments on bank lines of credit
|
(4,050
|
)
|
|
(7,534
|
)
|
||
|
Net (payments) borrowings on related party line of credit
|
(847
|
)
|
|
19,119
|
|
||
|
Repurchase of common stock under share repurchase plan
|
(866
|
)
|
|
—
|
|
||
|
Proceeds from Notes due 2021
|
40,250
|
|
|
—
|
|
||
|
Payments on bank term note payable
|
—
|
|
|
(9,167
|
)
|
||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In Thousands)
|
|||||||
|
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||
|
Dividends paid
|
(15,940
|
)
|
|
(3,985
|
)
|
||
|
Payments on Notes Payable - Securitization Trusts
|
(10,241
|
)
|
|
(7,309
|
)
|
||
|
Change in restricted cash related to securitization trusts
|
(12,461
|
)
|
|
(5,944
|
)
|
||
|
Additions to deferred financing costs
|
(1,740
|
)
|
|
(253
|
)
|
||
|
Other, net
|
(5
|
)
|
|
(11
|
)
|
||
|
Net cash used in financing activities
|
(5,900
|
)
|
|
(15,084
|
)
|
||
|
Net decrease in cash and cash equivalents
|
(1,087
|
)
|
|
(11,721
|
)
|
||
|
Cash and cash equivalents—beginning of period
|
4,308
|
|
|
17,813
|
|
||
|
Cash and cash equivalents—end of period
|
$
|
3,221
|
|
|
$
|
6,092
|
|
|
|
|
|
|
||||
|
Supplemental disclosure of cash flow activities:
|
|
|
|
||||
|
Non-cash operating, investing and financing activities:
|
|
|
|
||||
|
Reduction of credits in lieu of cash and notes payable in credits in lieu of cash balances due to delivery of tax credits to Certified Investors
|
$
|
435
|
|
|
$
|
696
|
|
|
Foreclosed real estate acquired
|
$
|
124
|
|
|
$
|
713
|
|
|
Dividends declared but not paid
|
$
|
—
|
|
|
$
|
4,802
|
|
|
Reversal of deferred tax asset
|
$
|
—
|
|
|
$
|
2,870
|
|
|
Issuance of common stock under dividend reinvestment plan
|
$
|
505
|
|
|
$
|
—
|
|
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Performing SBA Unguaranteed Investments
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Hartford Cardiology Group LLC and Ideal Nutrition of Connecticut LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
$
|
482.5
|
|
|
$
|
482.5
|
|
|
$
|
415.3
|
|
|
0.20
|
%
|
|
Soregard Inc
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2041
|
|
|
278.8
|
|
|
278.8
|
|
|
261.1
|
|
|
0.13
|
%
|
|||
|
Corning Lumber Company Inc and Frank R Close and Son Inc dba Close Pai
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2029
|
|
|
195.5
|
|
|
195.5
|
|
|
193.9
|
|
|
0.09
|
%
|
|||
|
P L H Pharmaco Inc dba Farmacia San Jose
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
175.0
|
|
|
175.0
|
|
|
170.1
|
|
|
0.08
|
%
|
|||
|
Nevey's LLC dba Stark Food III
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2041
|
|
|
293.9
|
|
|
159.6
|
|
|
164.0
|
|
|
0.08
|
%
|
|||
|
Martin Inventory Management LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
105.8
|
|
|
105.8
|
|
|
106.1
|
|
|
0.05
|
%
|
|||
|
Desert Tacos LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
98.8
|
|
|
36.8
|
|
|
36.9
|
|
|
0.02
|
%
|
|||
|
VMA Technologies LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.1
|
|
|
0.01
|
%
|
|||
|
KWG Industries, LLC dba Peterson & Marsh Metal industries
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2041
|
|
|
304.5
|
|
|
304.5
|
|
|
303.8
|
|
|
0.15
|
%
|
|||
|
O.D.S. Inc dba Four Seasons Health & Racquet and Step 'N' Motion, Inc
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2026
|
|
|
140.0
|
|
|
140.0
|
|
|
121.7
|
|
|
0.06
|
%
|
|||
|
WGI, LLC dba Williams Grant Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2041
|
|
|
131.3
|
|
|
131.3
|
|
|
129.0
|
|
|
0.06
|
%
|
|||
|
Ninsa LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2041
|
|
|
112.5
|
|
|
112.5
|
|
|
115.6
|
|
|
0.06
|
%
|
|||
|
Castone Creations Inc
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2026
|
|
|
87.5
|
|
|
87.5
|
|
|
77.3
|
|
|
0.04
|
%
|
|||
|
E & P Holdings 1 LLC and Evans & Paul LLC
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2026
|
|
|
125.0
|
|
|
125.0
|
|
|
109.5
|
|
|
0.05
|
%
|
|||
|
MaidPro Marin dba MaidPro
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2026
|
|
|
17.6
|
|
|
17.6
|
|
|
14.9
|
|
|
0.01
|
%
|
|||
|
Edge Pest Control LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2026
|
|
|
750.0
|
|
|
750.0
|
|
|
635.3
|
|
|
0.31
|
%
|
|||
|
All Printing Solutions, Inc. dba Pryntcomm
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2041
|
|
|
545.6
|
|
|
545.6
|
|
|
515.0
|
|
|
0.25
|
%
|
|||
|
Island Time Investments, LLC dba Swantown Inn Bed & Breakfast
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2041
|
|
|
101.3
|
|
|
101.3
|
|
|
104.0
|
|
|
0.05
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Yellow Cab Company of Kissimmee Inc
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2041
|
|
|
56.8
|
|
|
56.8
|
|
|
53.3
|
|
|
0.03
|
%
|
|||
|
Jumbomarkets Inc dba Rines Jumbomarkets
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2026
|
|
|
50.0
|
|
|
50.0
|
|
|
42.4
|
|
|
0.02
|
%
|
|||
|
El Basha Inc dba RPM West San Fernando Valley
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.1
|
|
|
0.01
|
%
|
|||
|
Long Island Comedy LLC dba Governors and New York Comedy, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2041
|
|
|
187.5
|
|
|
187.5
|
|
|
184.6
|
|
|
0.09
|
%
|
|||
|
Shooting Sports Academy LLC and Jetaa LLC dba Shooting Sports Academy
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2041
|
|
|
494.8
|
|
|
103.8
|
|
|
106.6
|
|
|
0.05
|
%
|
|||
|
Visual Advantage LLC dba Signs Now Perryberg
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2041
|
|
|
91.3
|
|
|
91.3
|
|
|
88.8
|
|
|
0.04
|
%
|
|||
|
SNS of Central Alabama, LLC dba Steak N Shake dba Steak N Shake Bigl
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/21/2026
|
|
|
57.5
|
|
|
57.5
|
|
|
51.8
|
|
|
0.03
|
%
|
|||
|
Evergreen Investment & Property Management LLC ,Universal Kidney Cente
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/20/2041
|
|
|
1,250.0
|
|
|
1,250.0
|
|
|
1,260.1
|
|
|
0.62
|
%
|
|||
|
Italian Heritage Tile and Stone Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/20/2026
|
|
|
62.5
|
|
|
62.5
|
|
|
52.9
|
|
|
0.03
|
%
|
|||
|
T and B Boots Inc dba Takken's Shoes
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2026
|
|
|
225.0
|
|
|
225.0
|
|
|
223.0
|
|
|
0.11
|
%
|
|||
|
Bagelicious, LLC dba Bagelicious of Cheshire
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2026
|
|
|
54.6
|
|
|
54.6
|
|
|
46.5
|
|
|
0.02
|
%
|
|||
|
Blue Eagle Transport Inc, Greeneagle Transport Inc and Golden Eagle Tr
|
|
Couriers and Messengers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2026
|
|
|
583.0
|
|
|
583.0
|
|
|
493.9
|
|
|
0.24
|
%
|
|||
|
NKJ Lusby Donuts LLC
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.1
|
|
|
0.01
|
%
|
|||
|
Winegirl Wines LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2026
|
|
|
11.3
|
|
|
11.3
|
|
|
11.2
|
|
|
0.01
|
%
|
|||
|
Pumpkin Patch Child Care of Southington, LLC and Giuseppe Pugliares
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2%
|
|
6/15/2041
|
|
|
515.3
|
|
|
515.3
|
|
|
483.2
|
|
|
0.24
|
%
|
|||
|
Strag Industries LLC dba Meineke Car Care Center 841
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/15/2026
|
|
|
15.0
|
|
|
15.0
|
|
|
13.7
|
|
|
0.01
|
%
|
|||
|
Jai-Alexia Consulting, Inc.
|
|
Couriers and Messengers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/15/2026
|
|
|
11.8
|
|
|
11.8
|
|
|
10.0
|
|
|
—
|
%
|
|||
|
Luv 2 Play AZ LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/10/2026
|
|
|
62.5
|
|
|
62.5
|
|
|
60.2
|
|
|
0.03
|
%
|
|||
|
Refoleen Inc dba Spice and Tea Exchange
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/10/2026
|
|
|
85.0
|
|
|
46.3
|
|
|
39.2
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
VBGB Uptown, LLC dba VBGB Beer Hall & Garden
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/8/2026
|
|
|
84.0
|
|
|
84.0
|
|
|
71.2
|
|
|
0.03
|
%
|
|||
|
Larry H. Patterson and Rainbow Movers, Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/6/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.1
|
|
|
0.01
|
%
|
|||
|
ScimTech Industries Inc dba Archer Aerospace
|
|
Computer and Electronic Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/6/2026
|
|
|
12.0
|
|
|
12.0
|
|
|
10.2
|
|
|
—
|
%
|
|||
|
Solvit Inc and Solvit North Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/3/2026
|
|
|
250.0
|
|
|
250.0
|
|
|
222.1
|
|
|
0.11
|
%
|
|||
|
AP5 LLC dba Krauser's Food Store
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/2/2041
|
|
|
242.5
|
|
|
242.5
|
|
|
239.4
|
|
|
0.12
|
%
|
|||
|
ATI Jet Inc
|
|
Air Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2026
|
|
|
518.8
|
|
|
518.8
|
|
|
459.6
|
|
|
0.22
|
%
|
|||
|
Farmer Boy Diner Inc dba Farmer Boy Diner & Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2026
|
|
|
50.0
|
|
|
50.0
|
|
|
50.2
|
|
|
0.02
|
%
|
|||
|
Angelo Faia dba AVF Construction
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2041
|
|
|
100.0
|
|
|
88.5
|
|
|
87.9
|
|
|
0.04
|
%
|
|||
|
Premier Athletic Center of Ohio, Inc
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2026
|
|
|
87.5
|
|
|
87.5
|
|
|
87.8
|
|
|
0.04
|
%
|
|||
|
MNM Printing and Marketing Solutions LLC dba AlphaGraphics of Saint Lo
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2026
|
|
|
18.8
|
|
|
18.8
|
|
|
15.9
|
|
|
0.01
|
%
|
|||
|
Mersada Holdings LLC
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/26/2026
|
|
|
337.5
|
|
|
337.5
|
|
|
338.6
|
|
|
0.17
|
%
|
|||
|
Jack Frost Firewood Inc. and David Dubinsky
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/26/2041
|
|
|
206.3
|
|
|
206.3
|
|
|
200.7
|
|
|
0.10
|
%
|
|||
|
Southwest Division Inc
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/26/2026
|
|
|
8.3
|
|
|
8.3
|
|
|
7.4
|
|
|
—
|
%
|
|||
|
International Kitchen Supply LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/25/2026
|
|
|
186.8
|
|
|
186.7
|
|
|
166.8
|
|
|
0.08
|
%
|
|||
|
PennyLion LLC dba Creamistry
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/25/2026
|
|
|
81.0
|
|
|
56.3
|
|
|
49.5
|
|
|
0.02
|
%
|
|||
|
Groth Lumber Co. Inc. dba True Value
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/25/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
22.4
|
|
|
0.01
|
%
|
|||
|
Powerspec Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/24/2026
|
|
|
87.5
|
|
|
87.5
|
|
|
74.1
|
|
|
0.04
|
%
|
|||
|
Island Life Graphics Inc dba FASTSIGNS #576
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/24/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.3
|
|
|
0.01
|
%
|
|||
|
Horseshoe Barbecue, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/23/2029
|
|
|
15.0
|
|
|
15.0
|
|
|
15.1
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
National Air Cargo Holdings Inc
|
|
Air Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2026
|
|
|
1,250.0
|
|
|
1,250.0
|
|
|
1,213.7
|
|
|
0.59
|
%
|
|||
|
CM Lab Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2026
|
|
|
172.6
|
|
|
172.6
|
|
|
159.2
|
|
|
0.08
|
%
|
|||
|
Elderfriend Inc dba Granny Nannies dba GN Live Scan
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2026
|
|
|
12.8
|
|
|
12.8
|
|
|
10.8
|
|
|
0.01
|
%
|
|||
|
Pro Auto Repair LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2026
|
|
|
7.5
|
|
|
7.5
|
|
|
7.2
|
|
|
—
|
%
|
|||
|
J&A Laundromat Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/18/2026
|
|
|
67.5
|
|
|
67.5
|
|
|
58.7
|
|
|
0.03
|
%
|
|||
|
Dedicated Incorporated
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/18/2041
|
|
|
46.5
|
|
|
46.5
|
|
|
46.1
|
|
|
0.02
|
%
|
|||
|
HBA LLC dba Palmetto Twist-Vista
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/18/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.5
|
|
|
0.01
|
%
|
|||
|
FJN Catering Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/13/2041
|
|
|
262.5
|
|
|
262.5
|
|
|
266.9
|
|
|
0.13
|
%
|
|||
|
J. Harris Trucking, LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/13/2026
|
|
|
60.0
|
|
|
60.0
|
|
|
53.1
|
|
|
0.03
|
%
|
|||
|
Studio Find It Georgia Inc
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/13/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.7
|
|
|
0.01
|
%
|
|||
|
LED Lighting Enterprises LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/13/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.1
|
|
|
0.01
|
%
|
|||
|
Pumpkin Patch Inc and Christine Feliciano and Antonio Feliciano
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/12/2041
|
|
|
132.5
|
|
|
132.5
|
|
|
129.5
|
|
|
0.06
|
%
|
|||
|
Luv 2 Play OC Inc
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/12/2026
|
|
|
62.5
|
|
|
62.5
|
|
|
52.9
|
|
|
0.03
|
%
|
|||
|
The Delon Group LLC dba I Love Juice Bar
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/12/2026
|
|
|
55.0
|
|
|
55.0
|
|
|
46.6
|
|
|
0.02
|
%
|
|||
|
Sabir Inc. dba Bear Diner
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/11/2041
|
|
|
123.8
|
|
|
123.8
|
|
|
124.2
|
|
|
0.06
|
%
|
|||
|
Gator D'Lites LLC dba D'Lites Emporium
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/5/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.1
|
|
|
0.01
|
%
|
|||
|
Scoler LLC dba Gold's Gym
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2026
|
|
|
262.5
|
|
|
260.9
|
|
|
231.4
|
|
|
0.11
|
%
|
|||
|
May-Craft Fiberglass Products Inc
|
|
Transportation Equipment Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2041
|
|
|
247.5
|
|
|
247.2
|
|
|
253.9
|
|
|
0.12
|
%
|
|||
|
Alpha Omega Trucking LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2041
|
|
|
175.8
|
|
|
175.8
|
|
|
180.5
|
|
|
0.09
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Empowerschool LLC and Empower Autism Academy, LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2041
|
|
|
151.9
|
|
|
151.7
|
|
|
155.4
|
|
|
0.08
|
%
|
|||
|
Keller, Fishback & Jackson LLP
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2026
|
|
|
131.8
|
|
|
129.9
|
|
|
130.4
|
|
|
0.06
|
%
|
|||
|
La Nopalera Mexicano 2, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2026
|
|
|
125.5
|
|
|
93.8
|
|
|
94.1
|
|
|
0.05
|
%
|
|||
|
Warner Home Comfort, LLC dba Smith Piping
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2041
|
|
|
82.5
|
|
|
82.4
|
|
|
80.7
|
|
|
0.04
|
%
|
|||
|
Euro Car Miami LLC
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2026
|
|
|
62.5
|
|
|
62.2
|
|
|
62.4
|
|
|
0.03
|
%
|
|||
|
Hard Exercise Works Winter Park LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2026
|
|
|
40.8
|
|
|
40.5
|
|
|
34.3
|
|
|
0.02
|
%
|
|||
|
Marc S. Rosenberg P.C. dba Mammuth and Rosenberg
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2026
|
|
|
22.5
|
|
|
22.4
|
|
|
18.9
|
|
|
0.01
|
%
|
|||
|
Loriet LLC
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2026
|
|
|
7.5
|
|
|
7.5
|
|
|
6.3
|
|
|
—
|
%
|
|||
|
Costume World Inc
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/28/2041
|
|
|
1,250.0
|
|
|
1,250.0
|
|
|
1,284.0
|
|
|
0.63
|
%
|
|||
|
Pecos Inn LLC dba Econo Lodge
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/28/2041
|
|
|
677.5
|
|
|
676.6
|
|
|
679.3
|
|
|
0.33
|
%
|
|||
|
Atlantic Restaurant Associates LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/28/2041
|
|
|
262.5
|
|
|
262.1
|
|
|
263.5
|
|
|
0.13
|
%
|
|||
|
North American Manufacturing Company
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/28/2026
|
|
|
160.0
|
|
|
159.0
|
|
|
159.5
|
|
|
0.08
|
%
|
|||
|
Inner Beauty Salon and Suite LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/28/2041
|
|
|
65.0
|
|
|
64.9
|
|
|
65.9
|
|
|
0.03
|
%
|
|||
|
Shepherd Appraisal Services LLC dba Property Damage Appraisers of Okla
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/28/2026
|
|
|
9.0
|
|
|
8.9
|
|
|
7.6
|
|
|
—
|
%
|
|||
|
Green Country Filter Manufacturing LLC
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/27/2026
|
|
|
84.3
|
|
|
83.7
|
|
|
72.8
|
|
|
0.04
|
%
|
|||
|
Knowledge First Inc dba Magic Years of Learning
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/27/2026
|
|
|
80.0
|
|
|
79.5
|
|
|
74.4
|
|
|
0.04
|
%
|
|||
|
NB & T Services, LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/27/2026
|
|
|
38.0
|
|
|
37.8
|
|
|
32.0
|
|
|
0.02
|
%
|
|||
|
Homecare Casa Rhoda 123 Inc
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2%
|
|
4/26/2041
|
|
|
675.0
|
|
|
673.9
|
|
|
640.8
|
|
|
0.31
|
%
|
|||
|
Accent Comfort Services, LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/26/2026
|
|
|
90.0
|
|
|
89.5
|
|
|
75.8
|
|
|
0.04
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
McIntosh Trail Management Services Organization Inc
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/22/2041
|
|
|
425.0
|
|
|
424.4
|
|
|
436.0
|
|
|
0.21
|
%
|
|||
|
Automotive Core Recycling, LLC and 828 Old Colony Road, LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/22/2041
|
|
|
250.0
|
|
|
249.7
|
|
|
235.2
|
|
|
0.12
|
%
|
|||
|
Jande Graphics LLC dba FastSigns #103201
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/21/2026
|
|
|
56.0
|
|
|
55.7
|
|
|
47.1
|
|
|
0.02
|
%
|
|||
|
AAA Mill Direct, Inc. dba Carpet Mill Outlets
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/21/2026
|
|
|
7.9
|
|
|
7.8
|
|
|
7.9
|
|
|
—
|
%
|
|||
|
Miguel Fernando Borda, P.A. dba BGR Dental
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/15/2026
|
|
|
22.5
|
|
|
22.4
|
|
|
19.5
|
|
|
0.01
|
%
|
|||
|
LE & JS dba Laredo Mercado Y Carniceria
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/13/2026
|
|
|
20.0
|
|
|
19.8
|
|
|
16.8
|
|
|
0.01
|
%
|
|||
|
Sushiya Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/12/2026
|
|
|
87.5
|
|
|
87.0
|
|
|
76.6
|
|
|
0.04
|
%
|
|||
|
Sierra Foothill Cremation & Funeral Service, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/7/2026
|
|
|
53.0
|
|
|
52.7
|
|
|
44.6
|
|
|
0.02
|
%
|
|||
|
Waterfalls Quick Lube LLC and Veracruz Shabo LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/6/2041
|
|
|
271.3
|
|
|
270.9
|
|
|
270.3
|
|
|
0.13
|
%
|
|||
|
KNS Early Learning Academy LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/6/2041
|
|
|
51.0
|
|
|
50.9
|
|
|
49.5
|
|
|
0.02
|
%
|
|||
|
Gill Express Inc and Blue Speed LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2041
|
|
|
518.0
|
|
|
516.5
|
|
|
506.8
|
|
|
0.25
|
%
|
|||
|
Men of Steel Enterprises LLC and Vogelbacher Properties LLC
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2041
|
|
|
393.5
|
|
|
392.4
|
|
|
364.2
|
|
|
0.18
|
%
|
|||
|
Cameo Carter, MD A Professional Corporation dba The Garden Pediatric
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2026
|
|
|
75.0
|
|
|
74.1
|
|
|
62.7
|
|
|
0.03
|
%
|
|||
|
Dana A. Farley dba Independent Cabinets
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2041
|
|
|
67.5
|
|
|
67.3
|
|
|
69.1
|
|
|
0.03
|
%
|
|||
|
Farhad Brothers LLC dba Lulu's Pizzeria & Family Restaurant and Marvin
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2026
|
|
|
66.8
|
|
|
64.7
|
|
|
54.8
|
|
|
0.03
|
%
|
|||
|
Christian Soderquist dba Soderquist Plumbing and Heating LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2041
|
|
|
56.8
|
|
|
56.6
|
|
|
57.8
|
|
|
0.03
|
%
|
|||
|
Duke's Cleaners Inc
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2026
|
|
|
47.0
|
|
|
46.4
|
|
|
42.6
|
|
|
0.02
|
%
|
|||
|
Vehicle Safety Supply LLC
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2026
|
|
|
22.5
|
|
|
22.2
|
|
|
18.8
|
|
|
0.01
|
%
|
|||
|
Wyldewood Cellars, Inc.
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2041
|
|
|
986.8
|
|
|
986.5
|
|
|
934.1
|
|
|
0.46
|
%
|
|||
|
Tom Sawyer Country Restaurant LLC and AM 3208 LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2041
|
|
|
257.5
|
|
|
256.8
|
|
|
252.4
|
|
|
0.12
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
NOSO Development, LLC
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2026
|
|
|
187.5
|
|
|
185.2
|
|
|
156.8
|
|
|
0.08
|
%
|
|||
|
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette’s-West
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2026
|
|
|
93.8
|
|
|
92.6
|
|
|
80.5
|
|
|
0.04
|
%
|
|||
|
Gordon Rogers and Heidi Rogers dba Stone House Motor Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
22.6
|
|
|
0.01
|
%
|
|||
|
MTS Car Service LLC
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2026
|
|
|
10.5
|
|
|
10.4
|
|
|
8.8
|
|
|
—
|
%
|
|||
|
Atlantis of Daytona LLC and Pierre Mamane and Eva Mamane
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2%
|
|
3/29/2041
|
|
|
525.0
|
|
|
522.8
|
|
|
508.5
|
|
|
0.25
|
%
|
|||
|
Lust for Life Footwear, LLC
|
|
Leather and Allied Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2026
|
|
|
375.0
|
|
|
370.4
|
|
|
313.6
|
|
|
0.15
|
%
|
|||
|
Vinmar Inc. dba Locanda Portofino
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2026
|
|
|
81.3
|
|
|
80.3
|
|
|
67.9
|
|
|
0.03
|
%
|
|||
|
Barrocas Gym LLC dba Snap Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2026
|
|
|
22.5
|
|
|
22.2
|
|
|
20.1
|
|
|
0.01
|
%
|
|||
|
PHCDC1 LLC dba Quarter + Glory and Public House Collective, Corp.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/28/2026
|
|
|
50.0
|
|
|
49.4
|
|
|
44.2
|
|
|
0.02
|
%
|
|||
|
Marathon Engineering Corporation
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/28/2041
|
|
|
45.0
|
|
|
44.9
|
|
|
44.8
|
|
|
0.02
|
%
|
|||
|
ReNew Interior Surface Cleaning LLC dba Randy's Carpet Care and Upholstry
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/28/2026
|
|
|
12.4
|
|
|
12.2
|
|
|
11.9
|
|
|
0.01
|
%
|
|||
|
Excel RP Inc
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2026
|
|
|
125.0
|
|
|
123.5
|
|
|
111.1
|
|
|
0.05
|
%
|
|||
|
RCB Enterprises, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2026
|
|
|
56.3
|
|
|
55.6
|
|
|
47.0
|
|
|
0.02
|
%
|
|||
|
Revolution Physical Therapy LLC dba Apex Network Physical Therapy
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2026
|
|
|
22.5
|
|
|
22.5
|
|
|
19.5
|
|
|
0.01
|
%
|
|||
|
Acton Hardware LLC and Mark Allgood & Jamie Allgood
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2041
|
|
|
498.6
|
|
|
497.2
|
|
|
474.6
|
|
|
0.23
|
%
|
|||
|
Lowgap Grocery & Grill LLC
|
|
General Merchandise Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2041
|
|
|
167.5
|
|
|
167.0
|
|
|
171.5
|
|
|
0.08
|
%
|
|||
|
ActKnowledge, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2026
|
|
|
125.0
|
|
|
123.5
|
|
|
123.8
|
|
|
0.06
|
%
|
|||
|
International Construction Inc
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2041
|
|
|
50.0
|
|
|
49.9
|
|
|
51.2
|
|
|
0.03
|
%
|
|||
|
Flooring Liquidators Inc and Premier Flooring Yonkers Inc and Flooring
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2026
|
|
|
50.0
|
|
|
49.4
|
|
|
47.8
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
The Youth Fountain LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/23/2026
|
|
|
47.5
|
|
|
46.9
|
|
|
39.7
|
|
|
0.02
|
%
|
|||
|
Magnation Corporation and Misha Family Trust
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/22/2041
|
|
|
101.3
|
|
|
101.1
|
|
|
103.8
|
|
|
0.05
|
%
|
|||
|
Precious Care LLC and Precious Care Management LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2026
|
|
|
557.5
|
|
|
550.7
|
|
|
469.4
|
|
|
0.23
|
%
|
|||
|
growth.period LLC and Potomac Recruiting LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2026
|
|
|
156.3
|
|
|
154.3
|
|
|
130.7
|
|
|
0.06
|
%
|
|||
|
Media Capital Partners, Inc
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2026
|
|
|
22.5
|
|
|
22.2
|
|
|
18.8
|
|
|
0.01
|
%
|
|||
|
ERT Group Inc and Curt's Tools Inspection Inc
|
|
Support Activities for Mining
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2041
|
|
|
1,250.0
|
|
|
1,246.5
|
|
|
1,218.6
|
|
|
0.60
|
%
|
|||
|
Taylors Zinn Enterprises Inc dba Eons Auto Care Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2041
|
|
|
80.8
|
|
|
80.5
|
|
|
81.6
|
|
|
0.04
|
%
|
|||
|
Mariam Diner Inc dba Country Kitchen Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2026
|
|
|
52.5
|
|
|
51.9
|
|
|
43.9
|
|
|
0.02
|
%
|
|||
|
Kekoa Enterprises Inc dba Signarama Sandy
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2026
|
|
|
49.5
|
|
|
48.9
|
|
|
41.4
|
|
|
0.02
|
%
|
|||
|
Clean Way Service LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2026
|
|
|
22.5
|
|
|
22.2
|
|
|
18.8
|
|
|
0.01
|
%
|
|||
|
Pro Tech Technology LLC
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2026
|
|
|
7.5
|
|
|
7.4
|
|
|
6.3
|
|
|
—
|
%
|
|||
|
Brian T Rice dba BD Logging
|
|
Forestry and Logging
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/17/2026
|
|
|
15.8
|
|
|
15.6
|
|
|
14.0
|
|
|
0.01
|
%
|
|||
|
Evergreen Pallet LLC and Evergreen Recycle LLC
|
|
Wood Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2026
|
|
|
1,039.3
|
|
|
1,027.1
|
|
|
918.8
|
|
|
0.45
|
%
|
|||
|
LAN Doctors Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2026
|
|
|
55.0
|
|
|
54.4
|
|
|
54.4
|
|
|
0.03
|
%
|
|||
|
K Soles Corp dba Max Collections
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2026
|
|
|
22.5
|
|
|
22.2
|
|
|
18.8
|
|
|
0.01
|
%
|
|||
|
Demand Printing Solutions Inc.
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2026
|
|
|
21.8
|
|
|
21.5
|
|
|
20.3
|
|
|
0.01
|
%
|
|||
|
Auto and Property Insurance Solutions dba Taylor Company Insurance & F
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2026
|
|
|
16.4
|
|
|
16.2
|
|
|
13.7
|
|
|
0.01
|
%
|
|||
|
R & D Enterprises Inc dba My Pool Man
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/15/2026
|
|
|
50.0
|
|
|
49.4
|
|
|
41.8
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Mustafa Inc and Raouf Properties LLC
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/14/2041
|
|
|
75.0
|
|
|
74.8
|
|
|
75.6
|
|
|
0.04
|
%
|
|||
|
HEWZ, LLC dba Hard Exercise Works
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/14/2026
|
|
|
22.5
|
|
|
22.2
|
|
|
18.8
|
|
|
0.01
|
%
|
|||
|
Magill Truck Line LLC and Jeff J. Ralls
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2029
|
|
|
210.8
|
|
|
209.0
|
|
|
188.1
|
|
|
0.09
|
%
|
|||
|
Accuair Control Systems LLC dba Accuair Suspension
|
|
Transportation Equipment Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2026
|
|
|
150.0
|
|
|
148.2
|
|
|
128.2
|
|
|
0.06
|
%
|
|||
|
Wilban LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2026
|
|
|
105.0
|
|
|
103.9
|
|
|
98.1
|
|
|
0.05
|
%
|
|||
|
Country Paint and Hardware Inc
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2026
|
|
|
87.4
|
|
|
86.3
|
|
|
74.7
|
|
|
0.04
|
%
|
|||
|
Dupre Capital LLC dba Fastsigns
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2026
|
|
|
58.4
|
|
|
57.7
|
|
|
48.8
|
|
|
0.02
|
%
|
|||
|
ABCs & 123s Infant and Child Care Center LP
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2026
|
|
|
11.3
|
|
|
11.1
|
|
|
9.4
|
|
|
—
|
%
|
|||
|
State Painting & Decorating Co., Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/10/2026
|
|
|
103.8
|
|
|
102.5
|
|
|
86.8
|
|
|
0.04
|
%
|
|||
|
Fayette Computer Consulting Company
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/10/2026
|
|
|
22.5
|
|
|
22.2
|
|
|
19.7
|
|
|
0.01
|
%
|
|||
|
B.P.T.M. of NV LLC and Agentis Bros., LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/9/2041
|
|
|
525.0
|
|
|
523.5
|
|
|
515.0
|
|
|
0.25
|
%
|
|||
|
Faith Summit Supply Inc dba Summit Supply and Summit True Value
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/9/2026
|
|
|
22.5
|
|
|
22.2
|
|
|
20.1
|
|
|
0.01
|
%
|
|||
|
A & A Auto Care LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/9/2026
|
|
|
12.2
|
|
|
12.0
|
|
|
11.4
|
|
|
0.01
|
%
|
|||
|
Step Up Academy of the Arts LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/9/2026
|
|
|
8.0
|
|
|
7.9
|
|
|
6.7
|
|
|
—
|
%
|
|||
|
Swerve Salon LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/8/2026
|
|
|
79.0
|
|
|
78.0
|
|
|
66.1
|
|
|
0.03
|
%
|
|||
|
J & W Hardwood Flooring Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/7/2026
|
|
|
7.5
|
|
|
7.4
|
|
|
6.3
|
|
|
—
|
%
|
|||
|
Labmates LLC and POV Holdings LLC
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/4/2041
|
|
|
109.3
|
|
|
108.9
|
|
|
111.9
|
|
|
0.05
|
%
|
|||
|
Hueston and Company CPA LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/4/2026
|
|
|
8.3
|
|
|
8.1
|
|
|
7.0
|
|
|
—
|
%
|
|||
|
Almost Home Daycare LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/3/2026
|
|
|
50.0
|
|
|
49.4
|
|
|
47.9
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Miles of Smiles Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/2/2026
|
|
|
93.5
|
|
|
93.5
|
|
|
80.9
|
|
|
0.04
|
%
|
|||
|
The River Beas, LLC dba Subway and Punam Singh
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2041
|
|
|
135.9
|
|
|
135.1
|
|
|
136.8
|
|
|
0.07
|
%
|
|||
|
Johnson & Dugan Insurance Services Corp
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2026
|
|
|
62.5
|
|
|
61.4
|
|
|
52.0
|
|
|
0.03
|
%
|
|||
|
Doxa Deo Inc dba Luv 2 Play
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2026
|
|
|
105.0
|
|
|
57.0
|
|
|
51.4
|
|
|
0.03
|
%
|
|||
|
Drug Detection Laboratories, Inc. and Minh Tran
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2026
|
|
|
19.8
|
|
|
19.4
|
|
|
16.7
|
|
|
0.01
|
%
|
|||
|
Powerpits CS1, LLC dba Pita Pit
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2026
|
|
|
18.8
|
|
|
18.4
|
|
|
16.4
|
|
|
0.01
|
%
|
|||
|
Living Essentials HVAC Corp
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2026
|
|
|
15.0
|
|
|
14.7
|
|
|
12.6
|
|
|
0.01
|
%
|
|||
|
Consulting Solutions, Inc. and Mark Luciani
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2026
|
|
|
11.3
|
|
|
11.1
|
|
|
10.7
|
|
|
0.01
|
%
|
|||
|
Aaradhya LLC dba Market Square Laundry
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/23/2026
|
|
|
80.0
|
|
|
78.5
|
|
|
66.5
|
|
|
0.03
|
%
|
|||
|
Blackstones Hairdressing LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/23/2026
|
|
|
52.0
|
|
|
51.4
|
|
|
43.9
|
|
|
0.02
|
%
|
|||
|
BER Enterprise 332 Inc dba Edible Arrangements
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/19/2026
|
|
|
22.5
|
|
|
22.1
|
|
|
18.9
|
|
|
0.01
|
%
|
|||
|
R-No-Landscaping LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/19/2026
|
|
|
8.3
|
|
|
8.1
|
|
|
7.0
|
|
|
—
|
%
|
|||
|
R & K Contracting Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/18/2026
|
|
|
15.8
|
|
|
15.5
|
|
|
13.3
|
|
|
0.01
|
%
|
|||
|
Pacific Coast Medical Group LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/17/2026
|
|
|
245.0
|
|
|
240.5
|
|
|
241.2
|
|
|
0.12
|
%
|
|||
|
Jersey Shore Marina & Boat Sales, Inc.
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/12/2041
|
|
|
625.0
|
|
|
622.5
|
|
|
639.3
|
|
|
0.31
|
%
|
|||
|
Ei3 Corporation
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/12/2026
|
|
|
326.9
|
|
|
320.9
|
|
|
321.7
|
|
|
0.16
|
%
|
|||
|
Gilmore Heights Dental Holdings, LTD and Chas Rob LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/12/2029
|
|
|
310.3
|
|
|
306.4
|
|
|
279.9
|
|
|
0.14
|
%
|
|||
|
B for Blonde, LLC dba Blo Blow Dry Bar
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/12/2026
|
|
|
62.0
|
|
|
61.6
|
|
|
52.3
|
|
|
0.03
|
%
|
|||
|
Base USA, Inc.
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/2/2026
|
|
|
50.0
|
|
|
49.1
|
|
|
49.2
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Nowatzke Service Center Inc dba Nowatzke Truck and Trailer
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/29/2026
|
|
|
105.0
|
|
|
102.4
|
|
|
102.4
|
|
|
0.05
|
%
|
|||
|
Zouk Ltd dba Palma
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/29/2026
|
|
|
22.5
|
|
|
21.9
|
|
|
22.0
|
|
|
0.01
|
%
|
|||
|
Wildflour Bakery & Cafe LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/28/2026
|
|
|
62.5
|
|
|
61.0
|
|
|
59.3
|
|
|
0.03
|
%
|
|||
|
SuzyQue's LLC dba SuzyQue's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/28/2026
|
|
|
22.5
|
|
|
22.0
|
|
|
22.0
|
|
|
0.01
|
%
|
|||
|
Tammy Lavertue
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/28/2026
|
|
|
11.3
|
|
|
11.0
|
|
|
10.5
|
|
|
0.01
|
%
|
|||
|
New Image Building Services, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/19/2026
|
|
|
83.1
|
|
|
81.1
|
|
|
72.0
|
|
|
0.04
|
%
|
|||
|
Oak Tree Storage LLC
|
|
Other Information Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/19/2026
|
|
|
78.8
|
|
|
76.8
|
|
|
66.3
|
|
|
0.03
|
%
|
|||
|
Woody's Trucking LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/12/2026
|
|
|
12.0
|
|
|
11.7
|
|
|
9.9
|
|
|
—
|
%
|
|||
|
Gendron Funeral and Cremation Services, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/11/2041
|
|
|
112.5
|
|
|
110.3
|
|
|
113.3
|
|
|
0.06
|
%
|
|||
|
Dolarian Realty LLC and OV's Restaurant Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/5/2041
|
|
|
67.8
|
|
|
67.4
|
|
|
69.2
|
|
|
0.03
|
%
|
|||
|
Lemonberry Food Stores Inc dba Lemonberry Frozen Yogurt
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2025
|
|
|
112.5
|
|
|
109.1
|
|
|
95.0
|
|
|
0.05
|
%
|
|||
|
MCF Forte LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2025
|
|
|
18.8
|
|
|
18.2
|
|
|
15.4
|
|
|
0.01
|
%
|
|||
|
Bright Dialysis LLC and Ft Pierce Kidney Care LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2025
|
|
|
1,250.0
|
|
|
1,211.7
|
|
|
1,017.4
|
|
|
0.50
|
%
|
|||
|
Panditos LLC dba White Lotus Home
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2025
|
|
|
15.9
|
|
|
15.4
|
|
|
12.9
|
|
|
0.01
|
%
|
|||
|
V2 Tango LLC dba Palette 22
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2025
|
|
|
250.0
|
|
|
242.3
|
|
|
209.5
|
|
|
0.10
|
%
|
|||
|
800 on the Trax LLC and Matrix Z LLC
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2040
|
|
|
240.0
|
|
|
239.1
|
|
|
234.6
|
|
|
0.11
|
%
|
|||
|
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch Inc
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2040
|
|
|
102.5
|
|
|
101.8
|
|
|
102.1
|
|
|
0.05
|
%
|
|||
|
Optima Health Care Inc
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2025
|
|
|
62.5
|
|
|
60.6
|
|
|
60.6
|
|
|
0.03
|
%
|
|||
|
Premier Athletic Center of Ohio Inc. and Gates Investments and Wade Ga
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2028
|
|
|
882.0
|
|
|
863.2
|
|
|
868.2
|
|
|
0.42
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
B&B Organics LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2040
|
|
|
375.0
|
|
|
372.3
|
|
|
381.3
|
|
|
0.19
|
%
|
|||
|
Joyce Outdoor Advertising Chicago LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2040
|
|
|
300.0
|
|
|
299.3
|
|
|
284.5
|
|
|
0.14
|
%
|
|||
|
The LAX Shop Inc
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2025
|
|
|
125.0
|
|
|
121.2
|
|
|
121.2
|
|
|
0.06
|
%
|
|||
|
Hattingh Incorporated dba Prosthetic Care Facility
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/21/2025
|
|
|
18.0
|
|
|
17.4
|
|
|
15.4
|
|
|
0.01
|
%
|
|||
|
G.W. Fitness Centers, LLC and J.G. Fitness LLC and NP Gym LLC and ANA
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2040
|
|
|
1,025.0
|
|
|
1,017.5
|
|
|
1,042.1
|
|
|
0.51
|
%
|
|||
|
Accent Tag and Label Inc
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2040
|
|
|
665.8
|
|
|
660.9
|
|
|
650.8
|
|
|
0.32
|
%
|
|||
|
Trip Consultants U.S.A. Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
175.0
|
|
|
169.6
|
|
|
141.9
|
|
|
0.07
|
%
|
|||
|
Labmates LLC
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2040
|
|
|
162.5
|
|
|
161.3
|
|
|
165.2
|
|
|
0.08
|
%
|
|||
|
Jay Kevin Gremillion dba Dino Smiles Children's Cosmetic Dentistry
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
73.0
|
|
|
72.5
|
|
|
63.2
|
|
|
0.03
|
%
|
|||
|
Abbondanza Market LLC dba Hampton Falls Village Market
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
73.8
|
|
|
70.6
|
|
|
61.0
|
|
|
0.03
|
%
|
|||
|
Capital Scrap Metal LLC
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
36.0
|
|
|
34.9
|
|
|
29.5
|
|
|
0.01
|
%
|
|||
|
Mustafa Inc dba Adiba Grocery
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2025
|
|
|
103.8
|
|
|
100.6
|
|
|
99.3
|
|
|
0.05
|
%
|
|||
|
Sourceco Limited Liability Company
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2025
|
|
|
62.5
|
|
|
60.6
|
|
|
52.6
|
|
|
0.03
|
%
|
|||
|
Learning Skills LLC and Christopher Shrope
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2025
|
|
|
10.8
|
|
|
10.5
|
|
|
8.8
|
|
|
—
|
%
|
|||
|
New York Home Health Care Equipment, LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
875.0
|
|
|
848.2
|
|
|
825.5
|
|
|
0.40
|
%
|
|||
|
Swalm Sreet LLC and New York Home Health Care Equipment LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2040
|
|
|
375.0
|
|
|
372.3
|
|
|
370.0
|
|
|
0.18
|
%
|
|||
|
JAG Unit 1, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
250.0
|
|
|
242.3
|
|
|
202.7
|
|
|
0.10
|
%
|
|||
|
Abitino's JFK LLC dba Abitino's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2022
|
|
|
125.0
|
|
|
121.3
|
|
|
106.8
|
|
|
0.05
|
%
|
|||
|
D&G Capital LLC dba Miami Grill 277
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
83.8
|
|
|
87.8
|
|
|
80.9
|
|
|
0.04
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Moments to Remember USA LLC dba Retain Loyalty
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
75.0
|
|
|
72.8
|
|
|
66.1
|
|
|
0.03
|
%
|
|||
|
SDA Holdings LLC and Les Cheveux Salon Inc
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/15/2040
|
|
|
428.8
|
|
|
425.6
|
|
|
412.2
|
|
|
0.20
|
%
|
|||
|
Evans & Paul LLC and E&P Holdings I LLC
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/15/2025
|
|
|
125.0
|
|
|
121.2
|
|
|
105.0
|
|
|
0.05
|
%
|
|||
|
Basista Family Limited Partnership and UPE, Inc.
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/14/2040
|
|
|
342.5
|
|
|
340.0
|
|
|
333.4
|
|
|
0.16
|
%
|
|||
|
DC Enterprises Ltd. dba Lakeview True Value
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/14/2025
|
|
|
22.5
|
|
|
21.8
|
|
|
20.6
|
|
|
0.01
|
%
|
|||
|
Alexandra Afentoulides dba Vi's Pizza Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2040
|
|
|
46.3
|
|
|
45.9
|
|
|
47.0
|
|
|
0.02
|
%
|
|||
|
ENI Inc. dba ENI Group, Inc
|
|
Other Information Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2025
|
|
|
36.0
|
|
|
34.9
|
|
|
30.7
|
|
|
0.02
|
%
|
|||
|
AGR Foodmart Inc dba Nashua Road Mobil
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2025
|
|
|
22.5
|
|
|
21.8
|
|
|
20.5
|
|
|
0.01
|
%
|
|||
|
Tri-State Remodeling & Investments, LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2025
|
|
|
15.9
|
|
|
15.4
|
|
|
14.8
|
|
|
0.01
|
%
|
|||
|
Cares, Inc dba Dumpling Grounds Day Care Center
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/10/2025
|
|
|
7.5
|
|
|
7.3
|
|
|
7.1
|
|
|
—
|
%
|
|||
|
Custom Exteriors, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/9/2025
|
|
|
100.0
|
|
|
96.9
|
|
|
84.3
|
|
|
0.04
|
%
|
|||
|
Sushiya, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/8/2025
|
|
|
108.8
|
|
|
105.4
|
|
|
91.9
|
|
|
0.04
|
%
|
|||
|
My Jewels, LLC dba The UPS Store #6712
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/7/2025
|
|
|
56.3
|
|
|
55.6
|
|
|
46.5
|
|
|
0.02
|
%
|
|||
|
LC Blvd Holdings LLC and Mt Pleasant Wash & Wax LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2040
|
|
|
502.5
|
|
|
498.9
|
|
|
496.6
|
|
|
0.24
|
%
|
|||
|
American Campgrounds LLC dba Whit's End Campground
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2040
|
|
|
293.0
|
|
|
290.9
|
|
|
290.2
|
|
|
0.14
|
%
|
|||
|
Food & Fuel Company LLC dba Lowery Food Mart
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2040
|
|
|
122.5
|
|
|
121.6
|
|
|
124.1
|
|
|
0.06
|
%
|
|||
|
Blue Ox Trucking Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2025
|
|
|
12.3
|
|
|
11.9
|
|
|
11.9
|
|
|
0.01
|
%
|
|||
|
Tariq, LLC dba 76 Food Mart
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/2/2040
|
|
|
375.0
|
|
|
372.3
|
|
|
371.1
|
|
|
0.18
|
%
|
|||
|
401 JJS, Corp and G. Randazzo's Trattoria Corporation
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/1/2040
|
|
|
52.8
|
|
|
52.5
|
|
|
51.5
|
|
|
0.03
|
%
|
|||
|
Block and Grinder LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
200.0
|
|
|
195.1
|
|
|
192.5
|
|
|
0.09
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Japp Business Inc dba Pick and Eat and Japp Drink Corp.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
125.0
|
|
|
120.4
|
|
|
106.3
|
|
|
0.05
|
%
|
|||
|
Smokeyard Inc dba Smokeyard BBQ and Chop Shop
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
125.0
|
|
|
120.4
|
|
|
103.1
|
|
|
0.05
|
%
|
|||
|
Delta Aggregate, LLC
|
|
Mining (except Oil and Gas)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
100.0
|
|
|
96.8
|
|
|
96.8
|
|
|
0.05
|
%
|
|||
|
Hurshell Leon Dutton dba High Jump Party Rentals
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
17.6
|
|
|
16.9
|
|
|
16.6
|
|
|
0.01
|
%
|
|||
|
Alejandro Rico dba Rico Motors and Golden West Motel and Alrima Co Inc
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2040
|
|
|
146.3
|
|
|
145.0
|
|
|
148.1
|
|
|
0.07
|
%
|
|||
|
State Painting and Decorating Co Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2025
|
|
|
100.0
|
|
|
96.3
|
|
|
80.6
|
|
|
0.04
|
%
|
|||
|
Medeiros Holdings Inc dba Outdoor Lighting Perspectives of the Triad
|
|
Electrical Equipment, Appliance, and Component Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2025
|
|
|
22.5
|
|
|
21.7
|
|
|
18.1
|
|
|
0.01
|
%
|
|||
|
DWeb Studio, Inc.
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2025
|
|
|
11.3
|
|
|
10.8
|
|
|
9.1
|
|
|
—
|
%
|
|||
|
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/23/2040
|
|
|
750.0
|
|
|
750.0
|
|
|
768.1
|
|
|
0.38
|
%
|
|||
|
Play and Learn Child Care and School Inc
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/23/2025
|
|
|
11.1
|
|
|
10.7
|
|
|
10.7
|
|
|
0.01
|
%
|
|||
|
CNYP 717 Irondequoit LLC and CNYP 2002 Ontario LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2040
|
|
|
244.4
|
|
|
242.2
|
|
|
224.3
|
|
|
0.11
|
%
|
|||
|
Haven Hospitality Group Inc. dba Haven Gastropub
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2025
|
|
|
132.5
|
|
|
127.6
|
|
|
108.9
|
|
|
0.05
|
%
|
|||
|
Ronny Ramirez RX Corp dba Naturxheal Family Pharmacy
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2025
|
|
|
89.0
|
|
|
86.8
|
|
|
74.1
|
|
|
0.04
|
%
|
|||
|
S.B.B. Enterprises Inc dba Williamston Hardware
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/19/2040
|
|
|
108.8
|
|
|
107.8
|
|
|
100.1
|
|
|
0.05
|
%
|
|||
|
Bradley Stinson and Associates Inc
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/19/2025
|
|
|
15.0
|
|
|
14.4
|
|
|
12.1
|
|
|
0.01
|
%
|
|||
|
Key Pix Productions Inc. dba Air Bud Entertainment
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2040
|
|
|
839.8
|
|
|
832.4
|
|
|
852.5
|
|
|
0.42
|
%
|
|||
|
Holloway & CO. P.L.L.C.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/16/2025
|
|
|
75.0
|
|
|
72.2
|
|
|
72.2
|
|
|
0.04
|
%
|
|||
|
RDT Enterprises, L.L.C.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/12/2025
|
|
|
22.5
|
|
|
21.7
|
|
|
20.2
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
E.S.F.P. LLC dba Volusia Van and Storage
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/11/2025
|
|
|
91.3
|
|
|
87.9
|
|
|
75.3
|
|
|
0.04
|
%
|
|||
|
Green Life Lawnscapes LLC dba Green Life Lawn Care
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/6/2025
|
|
|
127.3
|
|
|
122.5
|
|
|
118.4
|
|
|
0.06
|
%
|
|||
|
Jumbomarkets Inc dba Rines Jumbomarkets
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/4/2025
|
|
|
306.3
|
|
|
294.9
|
|
|
283.8
|
|
|
0.14
|
%
|
|||
|
Joseph Nich and Tina M. Nich dba Vic's Greenhouses
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/4/2025
|
|
|
62.5
|
|
|
60.2
|
|
|
60.2
|
|
|
0.03
|
%
|
|||
|
Bisson Transportation Inc dba I & R Associates and Document Security
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/30/2025
|
|
|
22.5
|
|
|
21.5
|
|
|
20.0
|
|
|
0.01
|
%
|
|||
|
Top Cat Ready Mix, LLC, Ples Investments LLC, and Pappy's Sand and
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/28/2025
|
|
|
711.3
|
|
|
681.2
|
|
|
593.1
|
|
|
0.29
|
%
|
|||
|
L.M. Jury Enterprises, Inc dba Midwest Monograms
|
|
Textile Product Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/28/2025
|
|
|
77.0
|
|
|
73.7
|
|
|
63.0
|
|
|
0.03
|
%
|
|||
|
Financial Network Recovery
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2025
|
|
|
40.0
|
|
|
38.3
|
|
|
32.0
|
|
|
0.02
|
%
|
|||
|
Windsor Direct Distribution LLC
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2025
|
|
|
14.3
|
|
|
13.6
|
|
|
11.4
|
|
|
0.01
|
%
|
|||
|
Kup’s Auto Spa, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/23/2025
|
|
|
62.5
|
|
|
60.8
|
|
|
59.1
|
|
|
0.03
|
%
|
|||
|
Jacksonville Beauty Institute Inc. dba Beauty Institute's
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/23/2025
|
|
|
50.0
|
|
|
47.8
|
|
|
40.0
|
|
|
0.02
|
%
|
|||
|
Insurance Fire & Water Restorations, LLC
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/23/2025
|
|
|
22.5
|
|
|
21.5
|
|
|
20.3
|
|
|
0.01
|
%
|
|||
|
New Hampshire Precision Metal Fabricators, Inc.
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/23/2025
|
|
|
22.5
|
|
|
21.5
|
|
|
21.5
|
|
|
0.01
|
%
|
|||
|
Werthan Packaging Inc.
|
|
Paper Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/14/2025
|
|
|
1,162.5
|
|
|
1,126.2
|
|
|
1,045.6
|
|
|
0.51
|
%
|
|||
|
Tannehill Enterprises Inc dba Hobbytown USA Folsom
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/14/2025
|
|
|
87.4
|
|
|
83.6
|
|
|
69.9
|
|
|
0.03
|
%
|
|||
|
ADMO Inc dba Mid States Equipment
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/8/2025
|
|
|
22.5
|
|
|
21.5
|
|
|
18.5
|
|
|
0.01
|
%
|
|||
|
Recycling Consultants, Inc. and Prairie State Salvage and Recycling Inc
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2027
|
|
|
767.5
|
|
|
737.8
|
|
|
659.4
|
|
|
0.32
|
%
|
|||
|
R.H. Hummer Jr., Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
375.0
|
|
|
368.0
|
|
|
348.9
|
|
|
0.17
|
%
|
|||
|
Barub Realty LLC and Barub LLC dba Woodlawn Cabinets
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2040
|
|
|
143.0
|
|
|
141.3
|
|
|
143.9
|
|
|
0.07
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Naeem Khan LTD
|
|
Apparel Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
125.0
|
|
|
118.8
|
|
|
99.3
|
|
|
0.05
|
%
|
|||
|
Bat Bridge Investments Inc dba Kalologie 360 Spa
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
85.5
|
|
|
82.8
|
|
|
69.2
|
|
|
0.03
|
%
|
|||
|
SCJEN Management Inc dba Bowl of Heaven
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
71.3
|
|
|
68.4
|
|
|
57.2
|
|
|
0.03
|
%
|
|||
|
Accent Homes Services LLC dba Benjamin Franklin Plumbing of Kansas City
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2028
|
|
|
66.5
|
|
|
64.2
|
|
|
61.7
|
|
|
0.03
|
%
|
|||
|
Binky's Vapes LLC
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
22.5
|
|
|
21.4
|
|
|
17.9
|
|
|
0.01
|
%
|
|||
|
Joyce Outdoor Advertising LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/29/2040
|
|
|
234.8
|
|
|
232.9
|
|
|
234.6
|
|
|
0.11
|
%
|
|||
|
The Grasso Companies LLC and Grasso Pavement Maintenance LLC Veranda
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2025
|
|
|
518.8
|
|
|
493.9
|
|
|
488.3
|
|
|
0.24
|
%
|
|||
|
RIM Investments LLC and RIM Architects LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2040
|
|
|
399.0
|
|
|
394.3
|
|
|
382.6
|
|
|
0.19
|
%
|
|||
|
Greensward of Marco Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2040
|
|
|
87.5
|
|
|
86.5
|
|
|
84.3
|
|
|
0.04
|
%
|
|||
|
Yachting Solutions LLC
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2040
|
|
|
962.5
|
|
|
951.2
|
|
|
906.9
|
|
|
0.44
|
%
|
|||
|
Sandlot Ventures LLC and Sandbox Ventures LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2040
|
|
|
442.5
|
|
|
437.3
|
|
|
417.8
|
|
|
0.20
|
%
|
|||
|
Hemingway Custom Cabinetry LLC
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2025
|
|
|
220.0
|
|
|
209.1
|
|
|
179.0
|
|
|
0.09
|
%
|
|||
|
South Towne Dental Center, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2025
|
|
|
50.0
|
|
|
47.5
|
|
|
47.5
|
|
|
0.02
|
%
|
|||
|
Daniel W. Stark dba Mountain Valley Lodge and RV Park
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2040
|
|
|
13.5
|
|
|
13.3
|
|
|
13.7
|
|
|
0.01
|
%
|
|||
|
Prestigious LifeCare for Seniors LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2025
|
|
|
9.8
|
|
|
9.3
|
|
|
8.5
|
|
|
—
|
%
|
|||
|
St Lawrence Hotel Corp and Oheka Catering Inc dba Quality Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/24/2040
|
|
|
625.0
|
|
|
617.6
|
|
|
608.0
|
|
|
0.30
|
%
|
|||
|
Hagerstown Muffler, Inc. and JMS Muffler, Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/24/2040
|
|
|
327.5
|
|
|
323.6
|
|
|
331.4
|
|
|
0.16
|
%
|
|||
|
J.R. Wheeler Corporation dba Structurz Exhibits and Graphics
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2025
|
|
|
21.0
|
|
|
20.0
|
|
|
20.0
|
|
|
0.01
|
%
|
|||
|
J3K LLC dba Ronan True Value Hardware
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2025
|
|
|
152.5
|
|
|
144.9
|
|
|
121.2
|
|
|
0.06
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Stormrider Inc dba Shirley's Stormrider Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2025
|
|
|
67.5
|
|
|
64.7
|
|
|
54.1
|
|
|
0.03
|
%
|
|||
|
Rutledge Enterprises Inc dba BLC Property Management
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2040
|
|
|
62.5
|
|
|
61.3
|
|
|
60.3
|
|
|
0.03
|
%
|
|||
|
Finish Strong Inc dba FASTSIGNS St Peters
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2025
|
|
|
50.0
|
|
|
47.5
|
|
|
39.7
|
|
|
0.02
|
%
|
|||
|
Nova Solutions Inc
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/22/2040
|
|
|
320.0
|
|
|
316.2
|
|
|
311.6
|
|
|
0.15
|
%
|
|||
|
Pine Belt Wood Products LLC
|
|
Forestry and Logging
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/22/2040
|
|
|
163.8
|
|
|
161.8
|
|
|
146.6
|
|
|
0.07
|
%
|
|||
|
Frozen Treats of Hollywood FL, LLC dba Sub Zero Ice Cream
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/22/2025
|
|
|
15.8
|
|
|
15.0
|
|
|
13.2
|
|
|
0.01
|
%
|
|||
|
IIoka Inc dba New Cloud Networks
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/21/2025
|
|
|
665.0
|
|
|
635.0
|
|
|
530.8
|
|
|
0.26
|
%
|
|||
|
Sound Manufacturing Inc
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/21/2025
|
|
|
50.0
|
|
|
47.6
|
|
|
42.1
|
|
|
0.02
|
%
|
|||
|
Vallmar Studios, LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/21/2025
|
|
|
15.8
|
|
|
15.0
|
|
|
12.5
|
|
|
0.01
|
%
|
|||
|
Scent-Sation Inc
|
|
Textile Product Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2040
|
|
|
687.5
|
|
|
685.5
|
|
|
696.7
|
|
|
0.34
|
%
|
|||
|
Vanderhoof LLC dba Soxfords
|
|
Apparel Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2025
|
|
|
15.9
|
|
|
15.1
|
|
|
12.6
|
|
|
0.01
|
%
|
|||
|
MiJoy Inc dba Imo's Pizza
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2025
|
|
|
8.3
|
|
|
7.8
|
|
|
6.6
|
|
|
—
|
%
|
|||
|
Naeem Khan LTD
|
|
Apparel Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/17/2025
|
|
|
125.0
|
|
|
118.8
|
|
|
99.3
|
|
|
0.05
|
%
|
|||
|
Import Car Connection Inc dba Car Connection
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/16/2040
|
|
|
407.5
|
|
|
402.7
|
|
|
406.2
|
|
|
0.20
|
%
|
|||
|
FirstVitals Health and Wellness Inc
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2025
|
|
|
150.0
|
|
|
142.5
|
|
|
119.2
|
|
|
0.06
|
%
|
|||
|
Johnson Carwash LLC and Johnson Petroleum LLC
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/14/2040
|
|
|
340.0
|
|
|
337.9
|
|
|
344.9
|
|
|
0.17
|
%
|
|||
|
Almost Home Daycare LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/11/2025
|
|
|
62.5
|
|
|
59.4
|
|
|
58.1
|
|
|
0.03
|
%
|
|||
|
Veliu LLC dba FASTSIGNS #15901
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/10/2025
|
|
|
50.0
|
|
|
48.1
|
|
|
41.4
|
|
|
0.02
|
%
|
|||
|
B and A Friction Materials Inc
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/9/2025
|
|
|
102.5
|
|
|
97.4
|
|
|
81.4
|
|
|
0.04
|
%
|
|||
|
Gardner's Wharf Holdings LLC and Gardner's Wharf Seafood Inc
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/8/2040
|
|
|
140.0
|
|
|
138.4
|
|
|
141.7
|
|
|
0.07
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Empower Autism Academy
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/4/2040
|
|
|
685.0
|
|
|
676.9
|
|
|
693.1
|
|
|
0.34
|
%
|
|||
|
AIG Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/4/2040
|
|
|
363.8
|
|
|
359.5
|
|
|
338.3
|
|
|
0.17
|
%
|
|||
|
Higher Grounds Community Coffeehouse, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/2/2025
|
|
|
8.3
|
|
|
7.8
|
|
|
6.8
|
|
|
—
|
%
|
|||
|
The Camera House Inc
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2025
|
|
|
1,250.0
|
|
|
1,179.9
|
|
|
1,073.4
|
|
|
0.53
|
%
|
|||
|
Delray Scrap Recycling LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2025
|
|
|
22.5
|
|
|
21.0
|
|
|
17.5
|
|
|
0.01
|
%
|
|||
|
P and D Enterprises Ind dba Wallaby's Liquor Warehouse
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2040
|
|
|
888.9
|
|
|
877.1
|
|
|
861.8
|
|
|
0.42
|
%
|
|||
|
J and K Fitness L.L.C. dba Physiques Womens Fitness Center
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2041
|
|
|
93.8
|
|
|
93.4
|
|
|
93.3
|
|
|
0.05
|
%
|
|||
|
Zephyr Seven Series LLC dba 18/8 Fine Men's Salon
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2025
|
|
|
81.3
|
|
|
79.5
|
|
|
68.1
|
|
|
0.03
|
%
|
|||
|
LAN Doctors Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2025
|
|
|
81.3
|
|
|
76.7
|
|
|
69.2
|
|
|
0.03
|
%
|
|||
|
Trading Group 3 Inc
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2025
|
|
|
50.0
|
|
|
47.2
|
|
|
39.5
|
|
|
0.02
|
%
|
|||
|
Elite Institute LLC dba Huntington Learning Center
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2025
|
|
|
15.0
|
|
|
14.3
|
|
|
12.0
|
|
|
0.01
|
%
|
|||
|
B and J Catering Inc dba Culinary Solutions
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2040
|
|
|
547.5
|
|
|
544.6
|
|
|
522.2
|
|
|
0.26
|
%
|
|||
|
3000 CSI Property LLC and Consulting Solutions Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/20/2040
|
|
|
137.5
|
|
|
135.7
|
|
|
136.6
|
|
|
0.07
|
%
|
|||
|
God Be Glorified Inc dba (*)GBG Inc
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/20/2025
|
|
|
53.0
|
|
|
50.0
|
|
|
41.8
|
|
|
0.02
|
%
|
|||
|
GDP Gourmet LLC dba Joe and John's Pizza Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/19/2040
|
|
|
145.0
|
|
|
143.1
|
|
|
139.9
|
|
|
0.07
|
%
|
|||
|
Gold Jet Corp.
|
|
Couriers and Messengers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/14/2025
|
|
|
68.3
|
|
|
67.0
|
|
|
60.4
|
|
|
0.03
|
%
|
|||
|
Screenmobile Management Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/14/2025
|
|
|
47.0
|
|
|
44.3
|
|
|
37.5
|
|
|
0.02
|
%
|
|||
|
SKJ Inc dba Subway
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/13/2025
|
|
|
84.8
|
|
|
80.1
|
|
|
68.0
|
|
|
0.03
|
%
|
|||
|
LP Industries Inc dba Childforms
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2025
|
|
|
125.0
|
|
|
120.1
|
|
|
111.4
|
|
|
0.05
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Advanced Machine & Technology, Inc.
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2025
|
|
|
90.3
|
|
|
84.6
|
|
|
77.5
|
|
|
0.04
|
%
|
|||
|
Pauley Tree and Lawn Care Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/28/2025
|
|
|
65.8
|
|
|
61.6
|
|
|
54.8
|
|
|
0.03
|
%
|
|||
|
C& D Medical of Naples, Inc and Forever & Always of Naples, Inc dba I
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2040
|
|
|
135.0
|
|
|
133.0
|
|
|
123.0
|
|
|
0.06
|
%
|
|||
|
Forever & Always of Naples Inc dba Island Animal Hospital
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2025
|
|
|
107.5
|
|
|
100.8
|
|
|
91.1
|
|
|
0.04
|
%
|
|||
|
Beale Street Blues Company-West Palm Beach LLC dba Lafayette's-West Palm
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2025
|
|
|
66.3
|
|
|
62.1
|
|
|
54.1
|
|
|
0.03
|
%
|
|||
|
Pooh's Corner Realty LLC and Pooh's Corner Inc
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/23/2040
|
|
|
103.8
|
|
|
102.4
|
|
|
103.8
|
|
|
0.05
|
%
|
|||
|
Smart Artists Inc.
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/23/2025
|
|
|
22.5
|
|
|
21.1
|
|
|
17.6
|
|
|
0.01
|
%
|
|||
|
Aaron Delgado and Associates Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/22/2025
|
|
|
8.2
|
|
|
7.7
|
|
|
6.4
|
|
|
—
|
%
|
|||
|
Free Ion Advisors LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/21/2025
|
|
|
64.3
|
|
|
60.2
|
|
|
50.4
|
|
|
0.02
|
%
|
|||
|
Murrayville Donuts, Inc dba Dunkin' Donuts
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/15/2040
|
|
|
344.5
|
|
|
342.5
|
|
|
328.4
|
|
|
0.16
|
%
|
|||
|
Union 2 LLC dba The Standard
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/10/2025
|
|
|
91.5
|
|
|
89.0
|
|
|
81.4
|
|
|
0.04
|
%
|
|||
|
The Smile Place LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
283.9
|
|
|
279.7
|
|
|
276.3
|
|
|
0.14
|
%
|
|||
|
Anglin Cultured Stone Products LLC dba Anglin Construction
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2025
|
|
|
281.8
|
|
|
262.3
|
|
|
230.1
|
|
|
0.11
|
%
|
|||
|
Thrifty Market, Inc. dba Thrifty Foods
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2030
|
|
|
262.5
|
|
|
252.3
|
|
|
223.7
|
|
|
0.11
|
%
|
|||
|
All About Smiles P A
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
237.7
|
|
|
234.2
|
|
|
231.3
|
|
|
0.11
|
%
|
|||
|
BJ's Tavern LLC and BJ's Cabana Bar Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
212.5
|
|
|
209.0
|
|
|
205.8
|
|
|
0.10
|
%
|
|||
|
Jonathan E Nichols and Nichols Fire and Security LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2025
|
|
|
75.0
|
|
|
69.8
|
|
|
66.0
|
|
|
0.03
|
%
|
|||
|
Danny V, LLC dba Hugo's Taproom
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
54.0
|
|
|
52.7
|
|
|
48.8
|
|
|
0.02
|
%
|
|||
|
Advanced Skincare Medcenter Inc dba Advanced Skincare Surgery
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2025
|
|
|
337.5
|
|
|
314.1
|
|
|
267.7
|
|
|
0.13
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Summit Beverage Group LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/29/2030
|
|
|
291.9
|
|
|
280.7
|
|
|
254.4
|
|
|
0.12
|
%
|
|||
|
R2 Tape Inc dba Presto Tape
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2025
|
|
|
176.3
|
|
|
164.1
|
|
|
155.6
|
|
|
0.08
|
%
|
|||
|
Myclean Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2025
|
|
|
15.9
|
|
|
14.8
|
|
|
12.4
|
|
|
0.01
|
%
|
|||
|
Jihan Inc dba ARCO AM/PM and Diana Inc dba Diana's Recycling
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2040
|
|
|
380.0
|
|
|
373.8
|
|
|
365.0
|
|
|
0.18
|
%
|
|||
|
CEM Autobody LLC dba Dawn's Autobody
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2040
|
|
|
135.5
|
|
|
133.3
|
|
|
128.6
|
|
|
0.06
|
%
|
|||
|
SofRep, Inc dba Force 12 Media
|
|
Other Information Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2025
|
|
|
66.3
|
|
|
61.7
|
|
|
51.5
|
|
|
0.03
|
%
|
|||
|
E & G Enterprises LLC dba Comfort Keepers
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2025
|
|
|
22.5
|
|
|
20.9
|
|
|
17.6
|
|
|
0.01
|
%
|
|||
|
TJU-DGT Inc dba The Lorenz Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2029
|
|
|
20.6
|
|
|
19.7
|
|
|
19.7
|
|
|
0.01
|
%
|
|||
|
Ohs Auto Body, Inc. dba Ohs Body Shop
|
|
Repair and Maintenance
|
|
Term Loan
|
|
7.2775%
|
|
6/25/2040
|
|
|
1,207.5
|
|
|
1,196.9
|
|
|
1,152.7
|
|
|
0.56
|
%
|
|||
|
Wolf Enviro Interests, LLC and Enviromax Services Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/25/2040
|
|
|
246.5
|
|
|
242.5
|
|
|
223.7
|
|
|
0.11
|
%
|
|||
|
Amboy Group, LLC dba Tommy's Moloney's
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2025
|
|
|
454.0
|
|
|
433.0
|
|
|
432.7
|
|
|
0.21
|
%
|
|||
|
Evinger PA One, Inc. dba Postal Annex, Falcon
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2025
|
|
|
22.5
|
|
|
20.9
|
|
|
18.7
|
|
|
0.01
|
%
|
|||
|
Richards Plumbing and Heating Co., Inc. dba Richards Mechanical
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2040
|
|
|
551.8
|
|
|
542.7
|
|
|
555.5
|
|
|
0.27
|
%
|
|||
|
RJI Services, Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2025
|
|
|
22.5
|
|
|
20.8
|
|
|
17.4
|
|
|
0.01
|
%
|
|||
|
Real Help LLC dba Real Help Decorative Concrete
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/22/2025
|
|
|
53.1
|
|
|
49.5
|
|
|
48.1
|
|
|
0.02
|
%
|
|||
|
Balthazar Management Virgin Islands, LLC dba The Beach Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/22/2025
|
|
|
15.8
|
|
|
14.7
|
|
|
14.7
|
|
|
0.01
|
%
|
|||
|
KRN Logistics, LLC,Newsome Trucking, Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2025
|
|
|
543.5
|
|
|
506.0
|
|
|
457.9
|
|
|
0.22
|
%
|
|||
|
PM Cassidy Enterprises, Inc. dba Junk King
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2025
|
|
|
14.9
|
|
|
13.9
|
|
|
11.6
|
|
|
0.01
|
%
|
|||
|
Inverted Healthcare Staffing of Florida LLC dba Interim Healthcare Tra
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/18/2025
|
|
|
61.3
|
|
|
57.0
|
|
|
47.6
|
|
|
0.02
|
%
|
|||
|
Square Deal Siding Company,LLC dba Square Deal Siding Company
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/18/2025
|
|
|
22.5
|
|
|
21.0
|
|
|
21.0
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Flooring Liquidators Inc and Flooring Liquidators of Mt Kisco LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2025
|
|
|
437.5
|
|
|
407.3
|
|
|
399.1
|
|
|
0.20
|
%
|
|||
|
AM PM Properties, LLC and AM PM Willington, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2040
|
|
|
87.1
|
|
|
85.4
|
|
|
86.0
|
|
|
0.04
|
%
|
|||
|
Nelson Sargsyan dba HDA Trucking
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2025
|
|
|
130.5
|
|
|
121.9
|
|
|
101.8
|
|
|
0.05
|
%
|
|||
|
Mirage Plastering Inc and Mpire LLC and Mpire II LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/12/2040
|
|
|
338.8
|
|
|
333.2
|
|
|
290.2
|
|
|
0.14
|
%
|
|||
|
Anturio Marketing Inc dba Logic Consulting
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/12/2040
|
|
|
290.3
|
|
|
285.5
|
|
|
292.2
|
|
|
0.14
|
%
|
|||
|
Bizzare Foods Inc dba Trooper Foods
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/12/2025
|
|
|
125.0
|
|
|
115.0
|
|
|
96.1
|
|
|
0.05
|
%
|
|||
|
Eldredge Tavern LLC dba Gonyea's Tavern
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/8/2040
|
|
|
56.3
|
|
|
55.3
|
|
|
56.6
|
|
|
0.03
|
%
|
|||
|
ViAr Visual Communications, Inc. dba Fastsigns 281701
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2025
|
|
|
62.0
|
|
|
57.7
|
|
|
49.5
|
|
|
0.02
|
%
|
|||
|
Chitalian Fratelli LLC dba Francesca Brick Oven Pizza and Pasta
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2025
|
|
|
16.1
|
|
|
14.6
|
|
|
12.2
|
|
|
0.01
|
%
|
|||
|
Nicor LLC dba Fibrenew Sacramento
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2022
|
|
|
13.8
|
|
|
12.3
|
|
|
10.2
|
|
|
—
|
%
|
|||
|
Video Vault & Tanning LLC and Mosaic Salon LLC
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/4/2040
|
|
|
90.5
|
|
|
89.1
|
|
|
91.1
|
|
|
0.04
|
%
|
|||
|
Medworxs LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/3/2025
|
|
|
125.0
|
|
|
116.4
|
|
|
98.2
|
|
|
0.05
|
%
|
|||
|
DTM Parts Supply Inc.
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/2/2025
|
|
|
62.8
|
|
|
58.4
|
|
|
48.8
|
|
|
0.02
|
%
|
|||
|
XCESSIVE THROTTLE, INC dba Jake's Roadhouse
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/29/2025
|
|
|
8.3
|
|
|
7.6
|
|
|
6.4
|
|
|
—
|
%
|
|||
|
God is Good LLC dba BurgerFi
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2025
|
|
|
67.3
|
|
|
20.4
|
|
|
20.4
|
|
|
0.01
|
%
|
|||
|
Villela CPA PL
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2025
|
|
|
9.0
|
|
|
8.3
|
|
|
7.2
|
|
|
—
|
%
|
|||
|
Douglas Posey and Sally Watkinson dba Audrey's Farmhouse
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2040
|
|
|
174.1
|
|
|
171.0
|
|
|
170.4
|
|
|
0.08
|
%
|
|||
|
Pen Tex Inc dba The UPS Store
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2025
|
|
|
22.0
|
|
|
20.4
|
|
|
17.0
|
|
|
0.01
|
%
|
|||
|
Capstone Pediatrics PLLC and Capstone Healthcare Consulting LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/15/2025
|
|
|
717.3
|
|
|
664.7
|
|
|
570.7
|
|
|
0.28
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
15 McArdle LLC and No Other Impressions Inc
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/15/2040
|
|
|
257.1
|
|
|
252.5
|
|
|
238.4
|
|
|
0.12
|
%
|
|||
|
E-Z Box Storage, Inc.
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/11/2025
|
|
|
89.3
|
|
|
82.5
|
|
|
82.4
|
|
|
0.04
|
%
|
|||
|
Guard Dogs MFS LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/8/2025
|
|
|
65.0
|
|
|
60.1
|
|
|
50.7
|
|
|
0.02
|
%
|
|||
|
George S Cochran DDS Inc
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/7/2025
|
|
|
130.0
|
|
|
120.2
|
|
|
100.7
|
|
|
0.05
|
%
|
|||
|
South Park Properties LLC and Midlothian Hardware LLC dba Gril
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/6/2040
|
|
|
170.5
|
|
|
166.3
|
|
|
169.9
|
|
|
0.08
|
%
|
|||
|
200 North 8th Street Associates LLC and Enchanted Acres Fa
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/4/2028
|
|
|
494.6
|
|
|
479.6
|
|
|
481.9
|
|
|
0.24
|
%
|
|||
|
Matthew Taylor and Landon Farm LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/4/2040
|
|
|
100.0
|
|
|
98.9
|
|
|
88.7
|
|
|
0.04
|
%
|
|||
|
Cares Inc dba Dumpling Grounds Day Care Center
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/1/2040
|
|
|
81.9
|
|
|
78.0
|
|
|
79.9
|
|
|
0.04
|
%
|
|||
|
RDRhonehouse ENT. LLC dba Chill Skinz
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2025
|
|
|
88.9
|
|
|
81.6
|
|
|
68.2
|
|
|
0.03
|
%
|
|||
|
Orchid Enterprises Inc dba Assisting Hands of Sussex County
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/24/2025
|
|
|
15.0
|
|
|
13.8
|
|
|
11.5
|
|
|
0.01
|
%
|
|||
|
Ragazza Restaurant Group, Inc. dba Bambolina
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/21/2025
|
|
|
22.5
|
|
|
20.7
|
|
|
18.2
|
|
|
0.01
|
%
|
|||
|
Diamond Solutions LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/21/2025
|
|
|
22.5
|
|
|
20.5
|
|
|
17.1
|
|
|
0.01
|
%
|
|||
|
Giacchino Maritime Consultants Inc
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/17/2025
|
|
|
22.5
|
|
|
20.7
|
|
|
17.3
|
|
|
0.01
|
%
|
|||
|
Sound Coaching Inc
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/14/2025
|
|
|
44.4
|
|
|
40.8
|
|
|
34.1
|
|
|
0.02
|
%
|
|||
|
Carolina Beefs, LLC dba Beef O'Brady's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/13/2025
|
|
|
19.5
|
|
|
17.9
|
|
|
15.0
|
|
|
0.01
|
%
|
|||
|
Faramarz Nikourazm dba Car Clinic Center
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/3/2040
|
|
|
73.8
|
|
|
72.2
|
|
|
70.4
|
|
|
0.03
|
%
|
|||
|
Advance Case Parts RE Holdings LLC and Advance Case Parts Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2040
|
|
|
758.3
|
|
|
744.5
|
|
|
694.8
|
|
|
0.34
|
%
|
|||
|
T and B Boots Inc dba Takkens
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2025
|
|
|
807.8
|
|
|
736.6
|
|
|
696.6
|
|
|
0.34
|
%
|
|||
|
Mid-South Lumber Co. of Northwest Florida, Inc.
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2040
|
|
|
428.8
|
|
|
419.8
|
|
|
389.3
|
|
|
0.19
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
HAVANA CENTRAL NJ1, LLC dba Havana Central
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2025
|
|
|
250.0
|
|
|
235.2
|
|
|
231.2
|
|
|
0.11
|
%
|
|||
|
Copper Beech Financial Group LLC
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2025
|
|
|
125.0
|
|
|
113.9
|
|
|
103.6
|
|
|
0.05
|
%
|
|||
|
Delta Aggregate LLC
|
|
Mining (except Oil and Gas)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2025
|
|
|
90.0
|
|
|
85.1
|
|
|
85.0
|
|
|
0.04
|
%
|
|||
|
Foresite Realty Partners LLC and Foresite Real Estate Holdings LLC
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2025
|
|
|
1,238.3
|
|
|
1,128.4
|
|
|
942.3
|
|
|
0.46
|
%
|
|||
|
Shellhorn and Hill Inc dba Total Fleet Service
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2040
|
|
|
1,040.3
|
|
|
1,014.7
|
|
|
941.3
|
|
|
0.46
|
%
|
|||
|
Sunset Marine Resort LLC and GoXpeditions LLC and Lavon Gomes and Trac
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2040
|
|
|
301.8
|
|
|
295.4
|
|
|
302.3
|
|
|
0.15
|
%
|
|||
|
South Florida Air Conditioning and Refrigeration Corp.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2040
|
|
|
155.5
|
|
|
152.3
|
|
|
153.1
|
|
|
0.07
|
%
|
|||
|
Balthazar Management Virgin Islands LLC dba The Beach Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2025
|
|
|
123.3
|
|
|
112.3
|
|
|
112.2
|
|
|
0.05
|
%
|
|||
|
Shorr Enterprises Inc dba New Design Furniture Manufacturers
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2025
|
|
|
106.5
|
|
|
97.1
|
|
|
89.7
|
|
|
0.04
|
%
|
|||
|
Geo Los Angeles LLC dba Geo Film Group
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/26/2025
|
|
|
130.0
|
|
|
118.5
|
|
|
108.7
|
|
|
0.05
|
%
|
|||
|
Joyce Outdoor Advertising NJ LLC and Joyce Outdoor Advertising LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/26/2040
|
|
|
54.0
|
|
|
52.9
|
|
|
53.3
|
|
|
0.03
|
%
|
|||
|
Carpet Exchange of North Texas Inc and Clyde E. Cumbie Jr
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2040
|
|
|
810.0
|
|
|
793.0
|
|
|
804.4
|
|
|
0.39
|
%
|
|||
|
Zero-In Media Inc
|
|
Data Processing, Hosting, and Related Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2025
|
|
|
22.5
|
|
|
20.5
|
|
|
17.1
|
|
|
0.01
|
%
|
|||
|
Loriet LLC
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2025
|
|
|
12.0
|
|
|
10.9
|
|
|
9.1
|
|
|
—
|
%
|
|||
|
Shelton Incorporated dba Mrs. Winners
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2040
|
|
|
112.5
|
|
|
110.1
|
|
|
112.0
|
|
|
0.05
|
%
|
|||
|
Jaymie Hazard dba Indigo Hair Studio and Day Spa
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2040
|
|
|
42.9
|
|
|
42.0
|
|
|
40.7
|
|
|
0.02
|
%
|
|||
|
R & R Security and Investigations Inc dba Pardners Lake Buchanan
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/19/2040
|
|
|
85.4
|
|
|
83.7
|
|
|
85.6
|
|
|
0.04
|
%
|
|||
|
MMS Realty, LLC and Molecular MS Diagnostics LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2040
|
|
|
160.7
|
|
|
157.4
|
|
|
151.2
|
|
|
0.07
|
%
|
|||
|
BND Sebastian Limited Liability Company and Sebastian Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2040
|
|
|
172.5
|
|
|
168.9
|
|
|
168.1
|
|
|
0.08
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Royal Crest Motors LLC
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2040
|
|
|
91.3
|
|
|
89.3
|
|
|
87.5
|
|
|
0.04
|
%
|
|||
|
Firm Foundations Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/13/2025
|
|
|
81.3
|
|
|
74.0
|
|
|
66.0
|
|
|
0.03
|
%
|
|||
|
Douglas Printy Motorsports, Inc. dba Blackburn Trike
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/9/2040
|
|
|
191.8
|
|
|
187.7
|
|
|
180.5
|
|
|
0.09
|
%
|
|||
|
Luigi's on Main LLC and Luigi's Main Street Pizza Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/4/2025
|
|
|
11.3
|
|
|
10.3
|
|
|
10.2
|
|
|
—
|
%
|
|||
|
Calhoun Satellite Communications Inc and Transmission Solutions Group
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/27/2025
|
|
|
952.8
|
|
|
861.3
|
|
|
755.3
|
|
|
0.37
|
%
|
|||
|
J&M Concessions Inc dba A 1 Liquors
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/27/2025
|
|
|
87.5
|
|
|
80.0
|
|
|
71.6
|
|
|
0.04
|
%
|
|||
|
Baystate Firearms and Training, LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/27/2025
|
|
|
63.4
|
|
|
57.2
|
|
|
48.3
|
|
|
0.02
|
%
|
|||
|
Road to Sedona Inc dba Thirteen
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/27/2025
|
|
|
56.6
|
|
|
51.2
|
|
|
43.5
|
|
|
0.02
|
%
|
|||
|
Kingseal LLC dba Desoto Health and Rehab Center
|
|
Nursing and Residential Care Facilities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/26/2040
|
|
|
1,250.0
|
|
|
1,221.9
|
|
|
1,250.2
|
|
|
0.61
|
%
|
|||
|
Pace Motor Lines, Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/26/2025
|
|
|
66.2
|
|
|
59.9
|
|
|
59.8
|
|
|
0.03
|
%
|
|||
|
Nelson Financial Services LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/24/2025
|
|
|
12.5
|
|
|
11.3
|
|
|
9.4
|
|
|
—
|
%
|
|||
|
Kiddie Steps 4 You Inc.
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/19/2040
|
|
|
61.8
|
|
|
60.5
|
|
|
57.8
|
|
|
0.03
|
%
|
|||
|
Triangle Trash LLC dba Bin There Dump That
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/18/2025
|
|
|
74.4
|
|
|
67.2
|
|
|
60.6
|
|
|
0.03
|
%
|
|||
|
Silva Realty Holdings, LLC and MF-Silva Enterprises, Inc. dba T
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/11/2040
|
|
|
171.6
|
|
|
167.9
|
|
|
160.6
|
|
|
0.08
|
%
|
|||
|
740 Barry Street Realty LLC and Wild Edibles Inc
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/10/2040
|
|
|
492.5
|
|
|
481.4
|
|
|
492.6
|
|
|
0.24
|
%
|
|||
|
Kostekos Inc dba New York Style Pizza
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/6/2040
|
|
|
66.3
|
|
|
64.8
|
|
|
63.1
|
|
|
0.03
|
%
|
|||
|
DuCharme Realty LLC and DuCharme Enterprises LLC dba Specialty
|
|
Wood Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/2/2040
|
|
|
225.1
|
|
|
220.1
|
|
|
207.9
|
|
|
0.10
|
%
|
|||
|
Limameno LLC dba Sal's Italian Ristorante
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/23/2025
|
|
|
83.3
|
|
|
74.8
|
|
|
64.5
|
|
|
0.03
|
%
|
|||
|
Palmabak Inc dba Mami Nora's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/22/2025
|
|
|
21.5
|
|
|
18.4
|
|
|
18.4
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Jung Design Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/20/2022
|
|
|
8.4
|
|
|
7.0
|
|
|
5.9
|
|
|
—
|
%
|
|||
|
Grand Blanc Lanes, Inc. and H, H and H, LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2039
|
|
|
133.0
|
|
|
129.8
|
|
|
133.1
|
|
|
0.07
|
%
|
|||
|
First Prevention and Dialysis Center, LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2024
|
|
|
273.3
|
|
|
261.0
|
|
|
253.1
|
|
|
0.12
|
%
|
|||
|
FHJE Ventures LLC and Eisenreich II Inc dba Breakneck Tavern
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2039
|
|
|
245.5
|
|
|
240.6
|
|
|
235.6
|
|
|
0.12
|
%
|
|||
|
Evans and Paul LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2024
|
|
|
223.8
|
|
|
199.3
|
|
|
196.2
|
|
|
0.10
|
%
|
|||
|
Bear Creek Entertainment, LLC dba The Woods at Bear Creek
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2024
|
|
|
106.3
|
|
|
94.8
|
|
|
95.5
|
|
|
0.05
|
%
|
|||
|
Bowlerama Inc
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/24/2039
|
|
|
1,202.5
|
|
|
1,173.4
|
|
|
1,214.2
|
|
|
0.59
|
%
|
|||
|
The Lodin Group LLC and Lodin Health Imaging Inc dba Highlands Breast
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2039
|
|
|
530.3
|
|
|
516.7
|
|
|
503.3
|
|
|
0.25
|
%
|
|||
|
Thermoplastic Services Inc and Paragon Plastic Sheet, Inc
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2039
|
|
|
500.0
|
|
|
487.2
|
|
|
504.1
|
|
|
0.25
|
%
|
|||
|
401 JJS Corporation and G. Randazzo Corporation
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2039
|
|
|
473.5
|
|
|
465.5
|
|
|
474.0
|
|
|
0.23
|
%
|
|||
|
Atlantis of Daytona LLC and Ocean Club Sportswear Inc
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2039
|
|
|
240.0
|
|
|
224.5
|
|
|
232.3
|
|
|
0.11
|
%
|
|||
|
Carolina Flicks Inc dba The Howell Theater
|
|
Motion Picture and Sound Recording Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2032
|
|
|
163.3
|
|
|
155.8
|
|
|
153.1
|
|
|
0.07
|
%
|
|||
|
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette Music Ha
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2024
|
|
|
187.5
|
|
|
167.1
|
|
|
155.8
|
|
|
0.08
|
%
|
|||
|
The Jewelers Inc. dba The Jewelers of Las Vegas
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2024
|
|
|
1,250.0
|
|
|
1,116.2
|
|
|
1,011.6
|
|
|
0.49
|
%
|
|||
|
B.S. Ventures LLC dba Dink's Market
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2039
|
|
|
53.8
|
|
|
52.4
|
|
|
54.1
|
|
|
0.03
|
%
|
|||
|
MM and M Management Inc dba Pizza Artista
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/19/2025
|
|
|
46.3
|
|
|
42.2
|
|
|
38.6
|
|
|
0.02
|
%
|
|||
|
B & W Towing, LLC and Boychucks Fuel LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2039
|
|
|
164.5
|
|
|
160.3
|
|
|
158.7
|
|
|
0.08
|
%
|
|||
|
All American Games, LLC and Sportslink - The Game, LLC
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/10/2024
|
|
|
400.0
|
|
|
356.5
|
|
|
333.8
|
|
|
0.16
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
The Conibear Corporation and Conibear Trucking, LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/5/2024
|
|
|
12.0
|
|
|
7.9
|
|
|
7.6
|
|
|
—
|
%
|
|||
|
Kemmer LLC and Apples Tree Top Liquors LLC
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2039
|
|
|
138.4
|
|
|
134.8
|
|
|
132.3
|
|
|
0.06
|
%
|
|||
|
The Red Pill Management, Inc. dba UFC Gym Matthews
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/26/2024
|
|
|
54.3
|
|
|
48.8
|
|
|
45.4
|
|
|
0.02
|
%
|
|||
|
Trading Group 3, Inc.
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/26/2024
|
|
|
22.5
|
|
|
19.9
|
|
|
17.9
|
|
|
0.01
|
%
|
|||
|
Meridian Hotels, LLC dba Best Western Jonesboro
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2039
|
|
|
228.0
|
|
|
223.3
|
|
|
231.1
|
|
|
0.11
|
%
|
|||
|
Modern Manhattan LLC
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2024
|
|
|
220.0
|
|
|
194.6
|
|
|
176.9
|
|
|
0.09
|
%
|
|||
|
Teamnewman Enterprises LLC dba Newmans at 988 and John H. Newman
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2039
|
|
|
148.8
|
|
|
144.7
|
|
|
144.3
|
|
|
0.07
|
%
|
|||
|
Stormrider Inc dba Shirley's Stormrider, Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2024
|
|
|
150.0
|
|
|
133.9
|
|
|
120.5
|
|
|
0.06
|
%
|
|||
|
DeRidder Chiropractic LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2024
|
|
|
13.2
|
|
|
11.7
|
|
|
11.6
|
|
|
0.01
|
%
|
|||
|
J&D Resources, LLC dba Aqua Science
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2024
|
|
|
767.9
|
|
|
672.0
|
|
|
613.6
|
|
|
0.30
|
%
|
|||
|
Legacy Estate Planning Inc dba American Casket Enterprises
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2024
|
|
|
42.0
|
|
|
37.2
|
|
|
33.4
|
|
|
0.02
|
%
|
|||
|
DC Real LLC and DC Enterprises LTD dba Lakeview True Value
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2039
|
|
|
119.4
|
|
|
116.7
|
|
|
118.7
|
|
|
0.06
|
%
|
|||
|
MLM Enterprises LLC and Demand Printing Solutions Inc
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2024
|
|
|
70.5
|
|
|
62.4
|
|
|
60.2
|
|
|
0.03
|
%
|
|||
|
JEJE Realty LLC and La Familia Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/10/2039
|
|
|
205.8
|
|
|
199.1
|
|
|
198.8
|
|
|
0.10
|
%
|
|||
|
Joey O's LLC and Jennifer Olszewski
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/7/2024
|
|
|
13.1
|
|
|
7.7
|
|
|
6.9
|
|
|
—
|
%
|
|||
|
Laura L. Smith dba Lisa Smith Studio
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/3/2024
|
|
|
15.0
|
|
|
13.2
|
|
|
11.9
|
|
|
0.01
|
%
|
|||
|
Heartland American Properties LLC and Skaggs RV Outlet LLC
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2039
|
|
|
479.0
|
|
|
465.2
|
|
|
471.7
|
|
|
0.23
|
%
|
|||
|
M and C Renovations Inc
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2024
|
|
|
20.3
|
|
|
18.4
|
|
|
16.6
|
|
|
0.01
|
%
|
|||
|
Golden Transaction Corporation dba Bleh Sunoco
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/30/2039
|
|
|
156.7
|
|
|
152.2
|
|
|
155.6
|
|
|
0.08
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Kantz LLC and Kantz Auto LLC dba Kantz's Hometown Auto
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2039
|
|
|
68.1
|
|
|
66.6
|
|
|
67.3
|
|
|
0.03
|
%
|
|||
|
Seelan Inc dba Candleridge Market
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/27/2039
|
|
|
90.5
|
|
|
87.9
|
|
|
87.6
|
|
|
0.04
|
%
|
|||
|
185 Summerfield Inc and Valcon Contracting Corp
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2039
|
|
|
162.3
|
|
|
157.6
|
|
|
160.6
|
|
|
0.08
|
%
|
|||
|
Navdeep B Martins and Busy Bubbles LLC dba Wishy Washy
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2039
|
|
|
89.0
|
|
|
86.6
|
|
|
85.0
|
|
|
0.04
|
%
|
|||
|
3 F Management LLC and ATC Port Charlotte LLC dba Around The Clock Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/17/2024
|
|
|
131.3
|
|
|
115.2
|
|
|
107.7
|
|
|
0.05
|
%
|
|||
|
One Hour Jewelry Repair Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/14/2024
|
|
|
20.6
|
|
|
18.0
|
|
|
16.2
|
|
|
0.01
|
%
|
|||
|
Return to Excellence, Inc. dba The Waynesville Inn Golf & Spa
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/10/2039
|
|
|
1,250.0
|
|
|
1,227.2
|
|
|
1,269.9
|
|
|
0.62
|
%
|
|||
|
Capitol Waste and Recycling Services LLC
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/10/2024
|
|
|
257.8
|
|
|
226.3
|
|
|
212.9
|
|
|
0.10
|
%
|
|||
|
Sound Manufacturing Inc
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/10/2024
|
|
|
187.5
|
|
|
164.9
|
|
|
153.3
|
|
|
0.07
|
%
|
|||
|
DNT Storage and Properties LLC
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/10/2039
|
|
|
101.8
|
|
|
98.8
|
|
|
101.1
|
|
|
0.05
|
%
|
|||
|
Boilermaker Industries LLC dba PostNet
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/9/2024
|
|
|
18.8
|
|
|
6.8
|
|
|
6.8
|
|
|
—
|
%
|
|||
|
Doctors Express Management of Central Texas LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/8/2024
|
|
|
105.0
|
|
|
81.5
|
|
|
79.9
|
|
|
0.04
|
%
|
|||
|
Smith Spinal Care Center P.C. and James C. Smith
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/8/2039
|
|
|
60.0
|
|
|
58.3
|
|
|
58.9
|
|
|
0.03
|
%
|
|||
|
Michael Rey Jr. and Lynn J. Williams (EPC) and GIG Petcare dba Hickory
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/3/2039
|
|
|
126.9
|
|
|
121.9
|
|
|
124.2
|
|
|
0.06
|
%
|
|||
|
Sumad LLC dba BrightStar Care of Encinitas
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/2/2024
|
|
|
92.5
|
|
|
46.7
|
|
|
47.0
|
|
|
0.02
|
%
|
|||
|
Roccos LLC and Sullo Pantalone Inc dba Rocco's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2039
|
|
|
255.8
|
|
|
248.0
|
|
|
245.7
|
|
|
0.12
|
%
|
|||
|
Keller Holdings LLC and David H Keller III and Carie C Keller
|
|
Scenic and Sightseeing Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2039
|
|
|
100.0
|
|
|
97.0
|
|
|
99.8
|
|
|
0.05
|
%
|
|||
|
The Woods at Bear Creek LLC and Bear Creek Entertainment LLC
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/29/2039
|
|
|
513.3
|
|
|
499.8
|
|
|
517.0
|
|
|
0.25
|
%
|
|||
|
Orange County Insurance Brokerage Inc dba Beaty Insurance Agency
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/29/2039
|
|
|
325.1
|
|
|
316.2
|
|
|
327.1
|
|
|
0.16
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Keys Phase One LLC dba The Grand Guesthouse
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2039
|
|
|
736.3
|
|
|
713.9
|
|
|
726.2
|
|
|
0.36
|
%
|
|||
|
Colts V LLC and Nowatzke Service Center, Inc dba Nowatzke Truck & Trai
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2039
|
|
|
601.8
|
|
|
583.5
|
|
|
591.8
|
|
|
0.29
|
%
|
|||
|
Gordon E Rogers dba Stonehouse Motor Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2039
|
|
|
57.5
|
|
|
55.8
|
|
|
57.7
|
|
|
0.03
|
%
|
|||
|
Auto Shine Carwash Inc and AKM R. Hossain and Jessica F. Masud
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2024
|
|
|
22.5
|
|
|
19.6
|
|
|
18.1
|
|
|
0.01
|
%
|
|||
|
6 Price Avenue, LLC and Pauley Tree & Lawn Care, Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/24/2039
|
|
|
452.5
|
|
|
439.4
|
|
|
424.1
|
|
|
0.21
|
%
|
|||
|
North Columbia LLC and Loop Liquor and Convenience Store LLC
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/24/2039
|
|
|
159.3
|
|
|
154.4
|
|
|
156.8
|
|
|
0.08
|
%
|
|||
|
R A Johnson Inc dba Rick Johnson Auto and Tire
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2039
|
|
|
301.3
|
|
|
292.1
|
|
|
302.1
|
|
|
0.15
|
%
|
|||
|
Andrene's LLC dba Andrene's Caribbean Soul Food Carry Out
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2024
|
|
|
37.8
|
|
|
31.3
|
|
|
28.2
|
|
|
0.01
|
%
|
|||
|
Utek Corporation dba Arcade Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/22/2039
|
|
|
405.5
|
|
|
402.1
|
|
|
413.6
|
|
|
0.20
|
%
|
|||
|
Play and Stay LLC dba Zoom Room Tinton Falls
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2024
|
|
|
42.1
|
|
|
37.2
|
|
|
33.4
|
|
|
0.02
|
%
|
|||
|
Ryan Crick and Pamela J. Crick and Crick Enterprises Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/17/2039
|
|
|
145.5
|
|
|
141.1
|
|
|
145.9
|
|
|
0.07
|
%
|
|||
|
Modern Leather Goods Repair Shop Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/17/2024
|
|
|
58.8
|
|
|
50.7
|
|
|
45.6
|
|
|
0.02
|
%
|
|||
|
Tavern Properties LLC and Wildwood Tavern LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2039
|
|
|
425.0
|
|
|
414.8
|
|
|
420.3
|
|
|
0.21
|
%
|
|||
|
Animal Intrusion Prevention Systems Holding Company, LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2024
|
|
|
272.5
|
|
|
237.4
|
|
|
222.4
|
|
|
0.11
|
%
|
|||
|
RDT Enterprises LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2027
|
|
|
162.8
|
|
|
148.2
|
|
|
147.3
|
|
|
0.07
|
%
|
|||
|
KW Zion, LLC and Key West Gallery Inc
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/12/2039
|
|
|
1,250.0
|
|
|
1,212.0
|
|
|
1,232.3
|
|
|
0.60
|
%
|
|||
|
Indy East Smiles Youth Dentistry LLC dba Prime Smile East
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/11/2024
|
|
|
630.2
|
|
|
549.0
|
|
|
495.8
|
|
|
0.24
|
%
|
|||
|
B&P Diners LLC dba Engine House Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/10/2024
|
|
|
80.0
|
|
|
69.7
|
|
|
62.7
|
|
|
0.03
|
%
|
|||
|
Feel The World Inc dba Xero Shoes and Invisible Shoes
|
|
Leather and Allied Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/5/2024
|
|
|
51.9
|
|
|
45.2
|
|
|
41.4
|
|
|
0.02
|
%
|
|||
|
Delta Aggregate LLC
|
|
Mining (except Oil and Gas)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2039
|
|
|
911.3
|
|
|
862.4
|
|
|
892.1
|
|
|
0.44
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Lamjam LLC (EPC) Goldsmith Lambros Inc (OC)
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2024
|
|
|
133.8
|
|
|
115.8
|
|
|
116.6
|
|
|
0.06
|
%
|
|||
|
Orange County Cleaning Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2024
|
|
|
41.3
|
|
|
35.7
|
|
|
32.1
|
|
|
0.02
|
%
|
|||
|
Qycell Corporation
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/26/2024
|
|
|
121.0
|
|
|
104.7
|
|
|
99.3
|
|
|
0.05
|
%
|
|||
|
Atlas Auto Body Inc dba Atlas Auto Sales
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/22/2039
|
|
|
51.6
|
|
|
49.9
|
|
|
49.8
|
|
|
0.02
|
%
|
|||
|
Grey Light Realty, LLC (EPC) NH Precision Metal Fabricators Inc (OC)
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/21/2039
|
|
|
1,226.0
|
|
|
1,186.8
|
|
|
1,198.8
|
|
|
0.59
|
%
|
|||
|
S&P Holdings of Daytona LLC (EPC) S&P Corporation of Daytona Beach
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2039
|
|
|
433.5
|
|
|
413.6
|
|
|
427.8
|
|
|
0.21
|
%
|
|||
|
Barber Investments LLC and Fieldstone Quickstop LLC and Maine Dollar
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2039
|
|
|
150.0
|
|
|
146.5
|
|
|
140.1
|
|
|
0.07
|
%
|
|||
|
Alpha Preparatory Academy LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2039
|
|
|
145.2
|
|
|
141.1
|
|
|
146.0
|
|
|
0.07
|
%
|
|||
|
Katie Senior Care LLC dba Home Instead Senior Care
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2024
|
|
|
124.3
|
|
|
107.4
|
|
|
96.6
|
|
|
0.05
|
%
|
|||
|
Almost Home Property LLC and Almost Home Daycare LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/7/2039
|
|
|
715.8
|
|
|
693.9
|
|
|
711.1
|
|
|
0.35
|
%
|
|||
|
iFood, Inc. dba Steak N Shake
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/31/2024
|
|
|
379.1
|
|
|
337.8
|
|
|
319.6
|
|
|
0.16
|
%
|
|||
|
AGV Enterprises LLC dba Jet's Pizza #42
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/31/2024
|
|
|
54.8
|
|
|
47.0
|
|
|
43.0
|
|
|
0.02
|
%
|
|||
|
575 Columbus Avenue Holding Company, LLC and LA-ZE LLC dba EST EST EST
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/30/2039
|
|
|
22.5
|
|
|
21.7
|
|
|
22.4
|
|
|
0.01
|
%
|
|||
|
L&S Insurance & Financial Services Inc
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/25/2024
|
|
|
22.5
|
|
|
19.3
|
|
|
17.5
|
|
|
0.01
|
%
|
|||
|
Honeyspot Investors LLP and Pace Motor Lines Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2039
|
|
|
150.0
|
|
|
145.0
|
|
|
149.5
|
|
|
0.07
|
%
|
|||
|
Miss Cranston Diner II, LLC and Miss Cranston II Realty LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/17/2039
|
|
|
100.0
|
|
|
97.3
|
|
|
98.3
|
|
|
0.05
|
%
|
|||
|
Wired LLC and Moulison North Corporation
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/3/2024
|
|
|
150.1
|
|
|
138.3
|
|
|
130.7
|
|
|
0.06
|
%
|
|||
|
Honeyspot Investors LLP and Pace Motor Lines Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2039
|
|
|
875.3
|
|
|
846.1
|
|
|
872.0
|
|
|
0.43
|
%
|
|||
|
iFood, Inc. dba Steak N Shake
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2039
|
|
|
629.8
|
|
|
608.3
|
|
|
590.1
|
|
|
0.29
|
%
|
|||
|
Wired LLC and Moulison North Corporation
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2024
|
|
|
500.0
|
|
|
457.2
|
|
|
432.0
|
|
|
0.21
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
AMG Holding, LLC and Stetson Automotive, Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2039
|
|
|
208.0
|
|
|
200.7
|
|
|
207.5
|
|
|
0.10
|
%
|
|||
|
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2024
|
|
|
100.0
|
|
|
85.2
|
|
|
85.5
|
|
|
0.04
|
%
|
|||
|
Highway Striping Inc
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2024
|
|
|
53.1
|
|
|
45.2
|
|
|
42.1
|
|
|
0.02
|
%
|
|||
|
FHJE Ventures LLC and Eisenreich II Inc. dba Breakneck Tavern
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2039
|
|
|
321.8
|
|
|
310.5
|
|
|
313.5
|
|
|
0.15
|
%
|
|||
|
JPM Investments LLC and Carolina Family Foot Care P.A.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2039
|
|
|
136.1
|
|
|
132.6
|
|
|
134.8
|
|
|
0.07
|
%
|
|||
|
Zinger Hardware and General Merchant Inc
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2024
|
|
|
110.5
|
|
|
94.0
|
|
|
90.4
|
|
|
0.04
|
%
|
|||
|
Nikobella Properties LLC and JPO Inc dba Village Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/25/2039
|
|
|
476.3
|
|
|
459.5
|
|
|
465.5
|
|
|
0.23
|
%
|
|||
|
RDJ Maayaa Inc dba RDJ Distributors
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2024
|
|
|
8.7
|
|
|
7.3
|
|
|
6.6
|
|
|
—
|
%
|
|||
|
Big Sky Plaza LLC and Strickland, Incorporated dba Livingston True Value
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/20/2039
|
|
|
233.4
|
|
|
225.2
|
|
|
227.4
|
|
|
0.11
|
%
|
|||
|
510 ROK Realty LLC dba ROK Health and Fitness and Robert N. D'urso
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2024
|
|
|
332.0
|
|
|
282.8
|
|
|
282.0
|
|
|
0.14
|
%
|
|||
|
Nirvi Enterprises LLC dba Howard Johnson / Knights Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2039
|
|
|
920.3
|
|
|
887.8
|
|
|
918.0
|
|
|
0.45
|
%
|
|||
|
Hotels of North Georgia LLC dba Comfort Inn and Suites
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2039
|
|
|
837.5
|
|
|
808.0
|
|
|
835.3
|
|
|
0.41
|
%
|
|||
|
Global Educational Delivery Services LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2024
|
|
|
60.0
|
|
|
51.7
|
|
|
52.0
|
|
|
0.03
|
%
|
|||
|
Rainbow Dry Cleaners
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/13/2024
|
|
|
122.5
|
|
|
104.2
|
|
|
97.4
|
|
|
0.05
|
%
|
|||
|
NVR Corporation dba Discount Food Mart
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/11/2039
|
|
|
68.3
|
|
|
64.5
|
|
|
66.7
|
|
|
0.03
|
%
|
|||
|
Sico & Walsh Insurance Agency Inc and The AMS Trust
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/6/2039
|
|
|
250.0
|
|
|
90.4
|
|
|
93.5
|
|
|
0.05
|
%
|
|||
|
Sujata Inc dba Stop N Save Food Mart and Dhruvesh Patel
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/3/2024
|
|
|
22.5
|
|
|
19.1
|
|
|
17.7
|
|
|
0.01
|
%
|
|||
|
Long Island Barber + Beauty LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/2/2039
|
|
|
55.5
|
|
|
53.5
|
|
|
53.6
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
CJR LLC (EPC) and PowerWash Plus, Inc. (OC)
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/30/2024
|
|
|
53.0
|
|
|
44.8
|
|
|
43.8
|
|
|
0.02
|
%
|
|||
|
Pocono Coated Products, LLC
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/30/2024
|
|
|
22.5
|
|
|
19.0
|
|
|
18.6
|
|
|
0.01
|
%
|
|||
|
R. A. Johnson, Inc. dba Rick Johnson Auto & Tire
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/29/2039
|
|
|
943.8
|
|
|
909.1
|
|
|
940.1
|
|
|
0.46
|
%
|
|||
|
Wilton Dental Care P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/29/2024
|
|
|
128.1
|
|
|
110.3
|
|
|
100.1
|
|
|
0.05
|
%
|
|||
|
EGM Food Services Inc dba Gold Star Chili
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/29/2024
|
|
|
19.2
|
|
|
16.2
|
|
|
15.0
|
|
|
0.01
|
%
|
|||
|
Jonesboro Health Food Center LLC
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2024
|
|
|
60.0
|
|
|
50.6
|
|
|
45.7
|
|
|
0.02
|
%
|
|||
|
USI Properties LLC dba U Store It
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/23/2039
|
|
|
144.6
|
|
|
139.3
|
|
|
143.3
|
|
|
0.07
|
%
|
|||
|
Bay State Funeral Services, LLC (EPC) and Riley Funeral Home Inc(OC)
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/21/2039
|
|
|
134.9
|
|
|
130.3
|
|
|
134.7
|
|
|
0.07
|
%
|
|||
|
Hae M. and Jin S. Park dba Buford Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/15/2039
|
|
|
166.5
|
|
|
159.6
|
|
|
158.5
|
|
|
0.08
|
%
|
|||
|
Moochie's LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/13/2024
|
|
|
100.5
|
|
|
85.9
|
|
|
78.4
|
|
|
0.04
|
%
|
|||
|
The River Beas LLC and Punam Singh
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/8/2039
|
|
|
90.3
|
|
|
86.9
|
|
|
87.7
|
|
|
0.04
|
%
|
|||
|
AS Boyals LLC dba Towne Liquors
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2039
|
|
|
117.5
|
|
|
113.0
|
|
|
116.8
|
|
|
0.06
|
%
|
|||
|
ENI Inc, Event Networks Inc, ENI Worldwide LLC and Spot Shop Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/25/2024
|
|
|
500.0
|
|
|
418.4
|
|
|
376.9
|
|
|
0.18
|
%
|
|||
|
Gerami Realty, LC (EPC) Sherrill Universal City Corral, LP
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/23/2027
|
|
|
78.8
|
|
|
69.8
|
|
|
70.3
|
|
|
0.03
|
%
|
|||
|
Complete Body & Paint, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/23/2039
|
|
|
20.8
|
|
|
20.0
|
|
|
20.7
|
|
|
0.01
|
%
|
|||
|
Island Wide Realty LLC and Long Island Partners, Inc..
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/22/2039
|
|
|
103.8
|
|
|
99.9
|
|
|
103.3
|
|
|
0.05
|
%
|
|||
|
Aiello's Pizzeria LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/18/2024
|
|
|
42.8
|
|
|
34.8
|
|
|
32.3
|
|
|
0.02
|
%
|
|||
|
Wilshire Media Systems Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/17/2024
|
|
|
186.3
|
|
|
155.8
|
|
|
143.1
|
|
|
0.07
|
%
|
|||
|
1899 Tavern & Tap LLC and Ale House Tavern & Tap LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/9/2039
|
|
|
137.5
|
|
|
131.2
|
|
|
133.8
|
|
|
0.07
|
%
|
|||
|
Eagle Aggregate Transportation, LLC and Eagle Pneumatic Transport LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2024
|
|
|
1,250.0
|
|
|
622.3
|
|
|
625.6
|
|
|
0.31
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Hodges Properties LLC and Echelon Enterprises Inc dba Treads Bicycle
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2039
|
|
|
449.0
|
|
|
431.0
|
|
|
438.5
|
|
|
0.21
|
%
|
|||
|
Dantanna's Tavern LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2024
|
|
|
164.3
|
|
|
138.3
|
|
|
129.2
|
|
|
0.06
|
%
|
|||
|
RDT Enterprises, LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2028
|
|
|
141.2
|
|
|
127.3
|
|
|
129.3
|
|
|
0.06
|
%
|
|||
|
Kemmer, LLC (EPC) and Pitts Package Store, Inc.(OC)
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2039
|
|
|
117.5
|
|
|
113.0
|
|
|
108.3
|
|
|
0.05
|
%
|
|||
|
Little People's Village II LLC (OC) and Iliopoulos Realty LLC (EPC)
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2039
|
|
|
101.5
|
|
|
98.2
|
|
|
96.5
|
|
|
0.05
|
%
|
|||
|
Little People's Village II LLC (OC) and Iliopoulos Realty LLC (EPC)
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2039
|
|
|
92.1
|
|
|
89.0
|
|
|
87.5
|
|
|
0.04
|
%
|
|||
|
Wilban LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/28/2039
|
|
|
427.5
|
|
|
410.8
|
|
|
416.1
|
|
|
0.20
|
%
|
|||
|
Lake Area Autosound LLC and Ryan H. Whittington
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/28/2039
|
|
|
125.0
|
|
|
121.7
|
|
|
121.9
|
|
|
0.06
|
%
|
|||
|
Sapienzo Properties LLC (EPC) CNS Self-Storage Inc (OC)
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2039
|
|
|
193.8
|
|
|
185.1
|
|
|
191.3
|
|
|
0.09
|
%
|
|||
|
Hascher Gabelstapler Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/26/2024
|
|
|
143.3
|
|
|
119.8
|
|
|
116.2
|
|
|
0.06
|
%
|
|||
|
Knowledge First Inc dba Magic Years of Learning and Kimberly Knox
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2039
|
|
|
145.0
|
|
|
139.4
|
|
|
138.5
|
|
|
0.07
|
%
|
|||
|
636 South Center Holdings, LLC and New Mansfield Brass and Aluminum Co
|
|
Primary Metal Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2039
|
|
|
497.5
|
|
|
477.4
|
|
|
493.5
|
|
|
0.24
|
%
|
|||
|
Cormac Enterprises and Wyoming Valley Beverage Incorporated
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2039
|
|
|
110.8
|
|
|
106.5
|
|
|
110.1
|
|
|
0.05
|
%
|
|||
|
Kinisi, Inc. dba The River North UPS Store
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2024
|
|
|
41.3
|
|
|
29.3
|
|
|
28.3
|
|
|
0.01
|
%
|
|||
|
Tortilla King, Inc.
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/14/2029
|
|
|
1,033.1
|
|
|
951.0
|
|
|
920.3
|
|
|
0.45
|
%
|
|||
|
SE Properties 39 Old Route 146, LLC (EPC) SmartEarly Clifton Park LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/14/2039
|
|
|
408.0
|
|
|
392.8
|
|
|
405.4
|
|
|
0.20
|
%
|
|||
|
Tortilla King Inc.
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/14/2039
|
|
|
216.9
|
|
|
209.0
|
|
|
205.5
|
|
|
0.10
|
%
|
|||
|
Bowl Mor, LLC dba Bowl Mor Lanes / Spare Lounge, Inc.
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/13/2039
|
|
|
223.5
|
|
|
214.5
|
|
|
221.7
|
|
|
0.11
|
%
|
|||
|
Avayaan2 LLC dba Island Cove
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/7/2039
|
|
|
157.5
|
|
|
151.2
|
|
|
153.0
|
|
|
0.07
|
%
|
|||
|
Onofrio's Fresh Cut Inc
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/6/2024
|
|
|
75.0
|
|
|
62.3
|
|
|
61.3
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
J&M Concessions, Inc.dba A-1 Liquors
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/3/2039
|
|
|
135.6
|
|
|
130.6
|
|
|
128.3
|
|
|
0.06
|
%
|
|||
|
R & R Boyal LLC dba Cap N Cat Clam Bar and Little Ease Tavern
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2039
|
|
|
417.5
|
|
|
400.2
|
|
|
401.3
|
|
|
0.20
|
%
|
|||
|
Summit Beverage Group LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2024
|
|
|
350.6
|
|
|
288.5
|
|
|
277.6
|
|
|
0.14
|
%
|
|||
|
Faith Memorial Chapel LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2039
|
|
|
214.2
|
|
|
205.6
|
|
|
204.2
|
|
|
0.10
|
%
|
|||
|
952 Boston Post Road Realty, LLC and HNA LLC dba Styles International
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2039
|
|
|
211.0
|
|
|
202.3
|
|
|
201.2
|
|
|
0.10
|
%
|
|||
|
Choe Trade Group Inc dba Rapid Printers of Monterey
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2024
|
|
|
159.3
|
|
|
131.1
|
|
|
131.4
|
|
|
0.06
|
%
|
|||
|
96 Mill Street LLC, Central Pizza LLC and Jason Bikakis George Bikaki
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/12/2039
|
|
|
141.3
|
|
|
135.7
|
|
|
140.3
|
|
|
0.07
|
%
|
|||
|
JWB Industries, Inc. dba Carteret Die Casting
|
|
Primary Metal Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/11/2024
|
|
|
280.0
|
|
|
230.4
|
|
|
212.5
|
|
|
0.10
|
%
|
|||
|
Sovereign Communications LLC
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/7/2024
|
|
|
907.8
|
|
|
749.4
|
|
|
682.3
|
|
|
0.33
|
%
|
|||
|
986 Dixwell Avenue Holding Company, LLC(EPC) and Mughali Foods, LLC db
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/7/2039
|
|
|
99.1
|
|
|
95.4
|
|
|
96.4
|
|
|
0.05
|
%
|
|||
|
Awesome Pets II Inc dba Mellisa's Pet Depot
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/7/2024
|
|
|
83.2
|
|
|
69.3
|
|
|
64.3
|
|
|
0.03
|
%
|
|||
|
Sarah Sibadan dba Sibadan Agency
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/27/2039
|
|
|
129.4
|
|
|
123.8
|
|
|
126.7
|
|
|
0.06
|
%
|
|||
|
3Fmanagement LLC and ATC Fitness Cape Coral, LLC dba Around the Clock Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/24/2024
|
|
|
425.0
|
|
|
346.7
|
|
|
323.1
|
|
|
0.16
|
%
|
|||
|
JDR Industries Inc dba CST-The Composites Store, JetCat USA
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/21/2024
|
|
|
140.3
|
|
|
114.4
|
|
|
107.8
|
|
|
0.05
|
%
|
|||
|
Icore Enterprises Inc dba Air Flow Filters Inc
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/15/2024
|
|
|
21.8
|
|
|
17.7
|
|
|
17.8
|
|
|
0.01
|
%
|
|||
|
Nutmeg North Associates LLC (OC) Steeltech Building Products Inc
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2038
|
|
|
897.8
|
|
|
876.1
|
|
|
899.8
|
|
|
0.44
|
%
|
|||
|
Carl R. Bieber, Inc. dba Bieber Tourways/Bieber Transportation/Bieber
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2027
|
|
|
712.5
|
|
|
636.3
|
|
|
651.1
|
|
|
0.32
|
%
|
|||
|
CLU Amboy, LLC (EPC) and Amboy Group, LLC (OC) dba Tommy Moloney's
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/27/2023
|
|
|
656.3
|
|
|
544.9
|
|
|
552.6
|
|
|
0.27
|
%
|
|||
|
Shane M. Howell and Buck Hardware and Garden Center, LLC
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/27/2038
|
|
|
322.5
|
|
|
307.9
|
|
|
315.7
|
|
|
0.15
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Superior Disposal Service, Inc.
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/26/2023
|
|
|
240.5
|
|
|
194.5
|
|
|
195.2
|
|
|
0.10
|
%
|
|||
|
KK International Trading Corporation
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2028
|
|
|
190.0
|
|
|
169.6
|
|
|
171.9
|
|
|
0.08
|
%
|
|||
|
Mosley Auto Group LLC dba America's Automotive
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2038
|
|
|
221.5
|
|
|
211.5
|
|
|
220.3
|
|
|
0.11
|
%
|
|||
|
Kurtis Sniezek dba Wolfe's Foreign Auto
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2038
|
|
|
88.9
|
|
|
84.9
|
|
|
88.8
|
|
|
0.04
|
%
|
|||
|
PLES Investements, LLC and John Redder, Pappy Sand & Gravel, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2038
|
|
|
555.3
|
|
|
530.2
|
|
|
546.1
|
|
|
0.27
|
%
|
|||
|
Lefont Theaters Inc.
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2023
|
|
|
14.4
|
|
|
11.6
|
|
|
11.5
|
|
|
0.01
|
%
|
|||
|
TAK Properties LLC and Kinderland Inc
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2038
|
|
|
405.0
|
|
|
387.3
|
|
|
399.6
|
|
|
0.20
|
%
|
|||
|
Any Garment Cleaner-East Brunswick, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2023
|
|
|
53.8
|
|
|
43.5
|
|
|
43.7
|
|
|
0.02
|
%
|
|||
|
TOL LLC dba Wild Birds Unlimited
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/13/2023
|
|
|
18.0
|
|
|
15.0
|
|
|
14.8
|
|
|
0.01
|
%
|
|||
|
8 Minute Oil Change of Springfield Corporation and John Nino
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/12/2038
|
|
|
196.8
|
|
|
185.4
|
|
|
193.3
|
|
|
0.09
|
%
|
|||
|
920 CHR Realty LLC (EPC) V. Garofalo Carting Inc (OC)
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/10/2038
|
|
|
418.1
|
|
|
399.3
|
|
|
417.9
|
|
|
0.20
|
%
|
|||
|
DKB Transport Corp
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/5/2038
|
|
|
138.8
|
|
|
132.5
|
|
|
138.7
|
|
|
0.07
|
%
|
|||
|
Firm Foundations Inc. David S Gaitan Jr and Christopher K Daigle
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/3/2023
|
|
|
545.8
|
|
|
441.2
|
|
|
435.9
|
|
|
0.21
|
%
|
|||
|
Firm Foundations Inc David S Gaitan Jr and Christopher K Daigle
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/3/2038
|
|
|
104.3
|
|
|
99.5
|
|
|
101.2
|
|
|
0.05
|
%
|
|||
|
Spectrum Development LLC and Solvit Inc & Solvit North, Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/2/2023
|
|
|
387.3
|
|
|
313.1
|
|
|
309.3
|
|
|
0.15
|
%
|
|||
|
BVIP Limousine Service LTD
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/27/2038
|
|
|
76.5
|
|
|
72.9
|
|
|
75.8
|
|
|
0.04
|
%
|
|||
|
Eco-Green Reprocessing LLC and Denali Medical Concepts, LLC
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/27/2023
|
|
|
67.2
|
|
|
53.9
|
|
|
52.4
|
|
|
0.03
|
%
|
|||
|
Wallace Holdings LLC (EPC) GFA International Inc (OC)
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
11/25/2023
|
|
|
125.0
|
|
|
99.9
|
|
|
96.2
|
|
|
0.05
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
AcuCall LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2023
|
|
|
15.8
|
|
|
12.6
|
|
|
12.1
|
|
|
0.01
|
%
|
|||
|
Seven Peaks Mining Inc and Cornerstone Industrial Minerals Corporation
|
|
Mining (except Oil and Gas)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2038
|
|
|
1,250.0
|
|
|
1,186.4
|
|
|
1,203.8
|
|
|
0.59
|
%
|
|||
|
Kids in Motion of Springfield LLC dba The Little Gym of Springfield IL
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2023
|
|
|
45.0
|
|
|
36.8
|
|
|
35.7
|
|
|
0.02
|
%
|
|||
|
Kup's Auto Spa Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/15/2038
|
|
|
396.7
|
|
|
376.3
|
|
|
392.9
|
|
|
0.19
|
%
|
|||
|
Yousef Khatib dba Y&M Enterprises
|
|
Wholesale Electronic Markets and Agents and Brokers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/15/2023
|
|
|
75.0
|
|
|
60.1
|
|
|
58.5
|
|
|
0.03
|
%
|
|||
|
Howell Gun Works LLC
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/14/2023
|
|
|
8.3
|
|
|
6.7
|
|
|
6.5
|
|
|
—
|
%
|
|||
|
Polpo Realty, LLC(EPC) Polpo Restaurant, LLC (OC)
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/6/2038
|
|
|
62.5
|
|
|
59.5
|
|
|
62.3
|
|
|
0.03
|
%
|
|||
|
Twinsburg Hospitality Group LLC dba Comfort Suites
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2038
|
|
|
945.0
|
|
|
901.8
|
|
|
928.6
|
|
|
0.45
|
%
|
|||
|
Master CNC Inc & Master Properties LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2038
|
|
|
596.6
|
|
|
567.7
|
|
|
579.5
|
|
|
0.28
|
%
|
|||
|
1 North Restaurant Corp dba 1 North Steakhouse
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2038
|
|
|
212.5
|
|
|
202.2
|
|
|
210.5
|
|
|
0.10
|
%
|
|||
|
Mid-Land Sheet Metal Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2038
|
|
|
137.5
|
|
|
131.1
|
|
|
136.1
|
|
|
0.07
|
%
|
|||
|
Janice B. McShan and The Metropolitan Day School, LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2023
|
|
|
42.8
|
|
|
35.0
|
|
|
35.5
|
|
|
0.02
|
%
|
|||
|
Meridian Hotels LLC dba Best Western Jonesboro
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2038
|
|
|
664.5
|
|
|
632.3
|
|
|
661.5
|
|
|
0.32
|
%
|
|||
|
New Image Building Services Inc. dba New Image Repair Services
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2023
|
|
|
331.3
|
|
|
263.1
|
|
|
257.4
|
|
|
0.13
|
%
|
|||
|
A-1 Quality Services Corporation
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2023
|
|
|
8.9
|
|
|
7.0
|
|
|
6.8
|
|
|
—
|
%
|
|||
|
Clairvoyant Realty Corp. and Napoli Marble & Granite Design, Ltd
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2038
|
|
|
246.3
|
|
|
234.3
|
|
|
240.4
|
|
|
0.12
|
%
|
|||
|
Greenbrier Technical Services, Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2023
|
|
|
240.1
|
|
|
173.8
|
|
|
176.3
|
|
|
0.09
|
%
|
|||
|
Kelly Auto Care LLC dba Shoreline Quick Lube and Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/18/2023
|
|
|
87.5
|
|
|
69.5
|
|
|
68.0
|
|
|
0.03
|
%
|
|||
|
KenBro Enterprises LLC dba Hearing Aids by Zounds-Cherry Hill
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/18/2023
|
|
|
25.8
|
|
|
20.4
|
|
|
20.4
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Shepher Distr's and Sales Corp and The Lederer Industries Inc.
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2023
|
|
|
1,050.0
|
|
|
671.2
|
|
|
680.3
|
|
|
0.33
|
%
|
|||
|
Fieldstone Quick Stop LLC(OC) Barber Investments LLC (EPC) Thadius M B
|
|
Gasoline Stations
|
|
Term Loan
|
|
6%
|
|
9/30/2038
|
|
|
676.3
|
|
|
656.0
|
|
|
669.4
|
|
|
0.33
|
%
|
|||
|
Cencon Properties LLC and Central Connecticut Warehousing Company, Inc
|
|
Warehousing and Storage
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
344.5
|
|
|
327.5
|
|
|
342.2
|
|
|
0.17
|
%
|
|||
|
Lenoir Business Partners LLC (EPC) LP Industries, Inc dba Childforms
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
322.7
|
|
|
310.7
|
|
|
321.6
|
|
|
0.16
|
%
|
|||
|
Onofrios Enterprises LLC (EPC) Onofrios Fresh Cut, Inc
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
312.5
|
|
|
298.2
|
|
|
309.3
|
|
|
0.15
|
%
|
|||
|
Discount Wheel and Tire
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
223.8
|
|
|
212.4
|
|
|
218.8
|
|
|
0.11
|
%
|
|||
|
Top Properties LLC and LP Industries, Inc dba Childforms
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
120.0
|
|
|
115.3
|
|
|
120.7
|
|
|
0.06
|
%
|
|||
|
First Steps Real Estate Company, LLC (EPC) and First Steps Preschool -
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
97.6
|
|
|
92.7
|
|
|
94.9
|
|
|
0.05
|
%
|
|||
|
Gabrielle Realty, LLC
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/27/2038
|
|
|
757.6
|
|
|
719.1
|
|
|
740.1
|
|
|
0.36
|
%
|
|||
|
Mitchellville Family Dentistry, Dr. Octavia Simkins-Wiseman DDS PC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/27/2038
|
|
|
335.1
|
|
|
318.0
|
|
|
329.0
|
|
|
0.16
|
%
|
|||
|
Handy 6391 LLC dba The UPS Store #6391
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/27/2023
|
|
|
62.5
|
|
|
49.8
|
|
|
50.5
|
|
|
0.02
|
%
|
|||
|
Eastside Soccer Dome, Inc .
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2038
|
|
|
463.8
|
|
|
440.1
|
|
|
460.5
|
|
|
0.23
|
%
|
|||
|
HJ & Edward Enterprises, LLC dba Sky Zone
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2023
|
|
|
262.5
|
|
|
213.4
|
|
|
212.9
|
|
|
0.10
|
%
|
|||
|
Anthony C Dinoto and Susan S P Dinoto and Anthony C Dinoto Funeral Homes
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2038
|
|
|
100.0
|
|
|
95.0
|
|
|
99.4
|
|
|
0.05
|
%
|
|||
|
Southeast Chicago Soccer, Inc.
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2038
|
|
|
51.3
|
|
|
48.6
|
|
|
50.9
|
|
|
0.02
|
%
|
|||
|
Kiddie Steps 4 You Inc.
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2038
|
|
|
89.3
|
|
|
86.3
|
|
|
88.4
|
|
|
0.04
|
%
|
|||
|
Diamond Memorials Incorporated
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2023
|
|
|
14.3
|
|
|
10.5
|
|
|
10.1
|
|
|
—
|
%
|
|||
|
Faith Memorial Chapel LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/20/2038
|
|
|
268.4
|
|
|
255.1
|
|
|
263.9
|
|
|
0.13
|
%
|
|||
|
Serious-Fun in Alpharetta, LLC dba The Little Gym of Alpharetta
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/20/2023
|
|
|
46.3
|
|
|
36.6
|
|
|
35.6
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Westville Seafood LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/19/2038
|
|
|
112.3
|
|
|
106.6
|
|
|
109.9
|
|
|
0.05
|
%
|
|||
|
Maynard Enterprises Inc dba Fastsigns of Texarkana
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2023
|
|
|
16.1
|
|
|
12.8
|
|
|
12.5
|
|
|
0.01
|
%
|
|||
|
Grafio Inc dba Omega Learning Center-Acworth
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/13/2023
|
|
|
156.3
|
|
|
129.8
|
|
|
126.7
|
|
|
0.06
|
%
|
|||
|
The Berlerro Group, LLC dba Sky Zone
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/12/2023
|
|
|
421.3
|
|
|
342.3
|
|
|
333.4
|
|
|
0.16
|
%
|
|||
|
Sound Manufacturing Inc
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/12/2028
|
|
|
54.8
|
|
|
48.3
|
|
|
48.4
|
|
|
0.02
|
%
|
|||
|
Prospect Kids Academy Inc
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/11/2038
|
|
|
124.3
|
|
|
117.9
|
|
|
122.3
|
|
|
0.06
|
%
|
|||
|
Alma J. and William R. Walton (EPC) and Almas Child Day Care Center
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/11/2038
|
|
|
39.5
|
|
|
37.5
|
|
|
39.2
|
|
|
0.02
|
%
|
|||
|
B for Brunette dba Blo
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/10/2023
|
|
|
53.4
|
|
|
42.6
|
|
|
41.1
|
|
|
0.02
|
%
|
|||
|
Schmaltz Holdings, LLC (EPC) and Schmaltz Operations, LLC dba Companio
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/4/2038
|
|
|
224.2
|
|
|
211.5
|
|
|
217.8
|
|
|
0.11
|
%
|
|||
|
IlOKA Inc dba Microtech Tel and NewCloud Networks
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
687.5
|
|
|
536.5
|
|
|
526.6
|
|
|
0.26
|
%
|
|||
|
ACI Northwest Inc.
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
906.3
|
|
|
491.4
|
|
|
493.7
|
|
|
0.24
|
%
|
|||
|
Spectrum Radio Fairmont, LLC
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
187.5
|
|
|
164.3
|
|
|
166.2
|
|
|
0.08
|
%
|
|||
|
Excel RP Inc
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
130.3
|
|
|
101.7
|
|
|
102.4
|
|
|
0.05
|
%
|
|||
|
Gulfport Academy Child Care and Learning Center, Inc. and Jennifer Sis
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
43.3
|
|
|
33.8
|
|
|
33.9
|
|
|
0.02
|
%
|
|||
|
Ramard Inc and Advanced Health Sciences Inc
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2023
|
|
|
187.5
|
|
|
146.3
|
|
|
140.8
|
|
|
0.07
|
%
|
|||
|
RM Hawkins LLC dba Pure Water Tech West and Robert M Hawkins
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/26/2023
|
|
|
85.8
|
|
|
63.4
|
|
|
64.2
|
|
|
0.03
|
%
|
|||
|
JSIL LLC dba Blackstones Hairdressing
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/16/2023
|
|
|
19.5
|
|
|
15.0
|
|
|
14.7
|
|
|
0.01
|
%
|
|||
|
Caribbean Concepts, Inc. dba Quick Bleach
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/12/2023
|
|
|
22.5
|
|
|
17.7
|
|
|
17.1
|
|
|
0.01
|
%
|
|||
|
209 North 3rd Street, LLC (EPC) Yuster Insurance Group Inc (OC)
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2038
|
|
|
83.9
|
|
|
79.3
|
|
|
82.2
|
|
|
0.04
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Majestic Contracting Services, Inc. dba Majestic Electric and Majestic
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/26/2038
|
|
|
190.0
|
|
|
179.7
|
|
|
184.7
|
|
|
0.09
|
%
|
|||
|
Daniel W and Erin H Gordon and Silver Lining Stables CT, LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2023
|
|
|
11.3
|
|
|
8.7
|
|
|
8.8
|
|
|
—
|
%
|
|||
|
Angkor Restaurant Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/19/2038
|
|
|
93.0
|
|
|
88.0
|
|
|
91.6
|
|
|
0.04
|
%
|
|||
|
Tri County Heating and Cooling Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/19/2023
|
|
|
87.8
|
|
|
67.8
|
|
|
68.4
|
|
|
0.03
|
%
|
|||
|
Harbor Ventilation Inc and Estes Investment, LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/19/2038
|
|
|
92.1
|
|
|
23.5
|
|
|
24.6
|
|
|
0.01
|
%
|
|||
|
Morning Star Trucking LLC and Morning Star Equipment and Leasing LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/17/2023
|
|
|
53.8
|
|
|
41.6
|
|
|
40.0
|
|
|
0.02
|
%
|
|||
|
Maxiflex LLC
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2023
|
|
|
153.5
|
|
|
117.4
|
|
|
118.9
|
|
|
0.06
|
%
|
|||
|
JRA Holdings LLC (EPC) Jasper County Cleaners Inc dba Superior Cleaner
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2038
|
|
|
121.0
|
|
|
114.1
|
|
|
119.3
|
|
|
0.06
|
%
|
|||
|
GIA Realty LLC and VRAJ GIA LLC dba Lakeview Laundromat
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2038
|
|
|
97.5
|
|
|
92.0
|
|
|
96.3
|
|
|
0.05
|
%
|
|||
|
Contract Packaging Services Inc dba Superior Pack Group
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/21/2023
|
|
|
851.8
|
|
|
657.6
|
|
|
647.8
|
|
|
0.32
|
%
|
|||
|
2161 Highway 6 Trail, LLC, (EPC) R. H. Hummer JR., Inc. (Co-Borrower)
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2026
|
|
|
1,250.0
|
|
|
821.6
|
|
|
838.4
|
|
|
0.41
|
%
|
|||
|
CBlakeslee Arpaia Chapman, Inc. dba Blakeslee Industrial Services
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/18/2028
|
|
|
875.0
|
|
|
759.4
|
|
|
778.5
|
|
|
0.38
|
%
|
|||
|
KDP LLC and KDP Investment Advisors, Inc and KDP Asset Management, Inc
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/14/2023
|
|
|
343.8
|
|
|
263.3
|
|
|
254.6
|
|
|
0.12
|
%
|
|||
|
Elite Structures Inc
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/12/2038
|
|
|
932.8
|
|
|
864.1
|
|
|
902.8
|
|
|
0.44
|
%
|
|||
|
(EPC) Absolute Desire LLC and Mark H. Szierer (OC) Sophisticated Smile
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2038
|
|
|
188.3
|
|
|
178.2
|
|
|
182.1
|
|
|
0.09
|
%
|
|||
|
(EPC) Willowbrook Properties LLC (OC) Grove Gardens Landscaping Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2038
|
|
|
186.3
|
|
|
175.9
|
|
|
182.4
|
|
|
0.09
|
%
|
|||
|
RKP Service dba Rainbow Carwash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2023
|
|
|
300.0
|
|
|
230.1
|
|
|
223.2
|
|
|
0.11
|
%
|
|||
|
RXSB, Inc dba Medicine Shoppe
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/30/2023
|
|
|
186.3
|
|
|
141.7
|
|
|
136.2
|
|
|
0.07
|
%
|
|||
|
Gregory P Jellenek OD and Associates PC dba Gregory P Jellenek OD
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/28/2023
|
|
|
63.5
|
|
|
48.1
|
|
|
47.5
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Ryan D. Thornton and Thornton & Associates LLC
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/24/2023
|
|
|
68.8
|
|
|
42.1
|
|
|
40.4
|
|
|
0.02
|
%
|
|||
|
Insurance Problem Solvers LLC
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2023
|
|
|
17.1
|
|
|
5.5
|
|
|
5.2
|
|
|
—
|
%
|
|||
|
PowerWash Plus, Inc. and CJR, LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/30/2038
|
|
|
550.0
|
|
|
518.1
|
|
|
533.2
|
|
|
0.26
|
%
|
|||
|
Peanut Butter & Co., Inc.
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/30/2023
|
|
|
100.0
|
|
|
74.8
|
|
|
72.2
|
|
|
0.04
|
%
|
|||
|
Brothers International Desserts
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/26/2023
|
|
|
230.0
|
|
|
172.8
|
|
|
171.2
|
|
|
0.08
|
%
|
|||
|
Kidrose, LLC dba Kidville Riverdale
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/22/2023
|
|
|
78.8
|
|
|
59.9
|
|
|
58.7
|
|
|
0.03
|
%
|
|||
|
Vernon & Stephanie Scott and Little Stars Day Care Center, Inc.
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/18/2038
|
|
|
151.0
|
|
|
142.1
|
|
|
148.6
|
|
|
0.07
|
%
|
|||
|
Capital Scrap Metal, LLC and Powerline Investment, LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2038
|
|
|
500.0
|
|
|
447.3
|
|
|
467.6
|
|
|
0.23
|
%
|
|||
|
MRM Supermarkets Inc dba Constantins Breads; Dallas Gourmet Breads;
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2038
|
|
|
336.0
|
|
|
315.5
|
|
|
321.3
|
|
|
0.16
|
%
|
|||
|
1258 Hartford TPKE, LLC (EPC) and Phelps and Sons, Inc (OC)
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2038
|
|
|
124.6
|
|
|
117.0
|
|
|
119.8
|
|
|
0.06
|
%
|
|||
|
A & M Commerce, Inc. dba Cranberry Sunoco
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2038
|
|
|
330.3
|
|
|
309.9
|
|
|
321.4
|
|
|
0.16
|
%
|
|||
|
Xela Pack, Inc. and Aliseo and Catherine Gentile
|
|
Paper Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2028
|
|
|
271.8
|
|
|
232.8
|
|
|
238.5
|
|
|
0.12
|
%
|
|||
|
Neyra Industries, Inc. and Edward Neyra
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2023
|
|
|
217.5
|
|
|
161.8
|
|
|
163.7
|
|
|
0.08
|
%
|
|||
|
American Diagnostic Imaging, Inc. dba St. Joseph Imaging Center
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2038
|
|
|
537.5
|
|
|
504.7
|
|
|
518.6
|
|
|
0.25
|
%
|
|||
|
Michael A.and HeatherR. Welsch dba Art & FrameEtc.
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/22/2038
|
|
|
67.5
|
|
|
63.4
|
|
|
65.6
|
|
|
0.03
|
%
|
|||
|
M & H Pine Straw Inc and Harris L. Maloy
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2023
|
|
|
288.8
|
|
|
214.3
|
|
|
214.2
|
|
|
0.10
|
%
|
|||
|
Truth Technologies Inc dba Truth Technologies Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2023
|
|
|
79.5
|
|
|
59.1
|
|
|
57.3
|
|
|
0.03
|
%
|
|||
|
J. Kinderman & Sons Inc., dba BriteStar Inc.
|
|
Electrical Equipment, Appliance, and Component Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2023
|
|
|
181.3
|
|
|
139.0
|
|
|
140.7
|
|
|
0.07
|
%
|
|||
|
Stellar Environmental LLC
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2023
|
|
|
56.3
|
|
|
41.9
|
|
|
42.1
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Sound Manufacturing, Inc. and Monster Power Equipment Inc.
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/15/2023
|
|
|
523.0
|
|
|
388.4
|
|
|
384.5
|
|
|
0.19
|
%
|
|||
|
Golden Gate Lodging LLC (OC)
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/12/2038
|
|
|
115.0
|
|
|
108.0
|
|
|
111.8
|
|
|
0.05
|
%
|
|||
|
River Club Golf Course Inc dba The River Club
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2038
|
|
|
475.2
|
|
|
445.3
|
|
|
459.9
|
|
|
0.22
|
%
|
|||
|
Bakhtar Group LLC dba Malmaison
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2023
|
|
|
103.8
|
|
|
77.1
|
|
|
74.1
|
|
|
0.04
|
%
|
|||
|
Osceola River Mill, LLC(EPC) Ironman Machine, Inc.(OC)
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/20/2038
|
|
|
86.3
|
|
|
80.8
|
|
|
83.7
|
|
|
0.04
|
%
|
|||
|
Java Warung, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/19/2038
|
|
|
51.0
|
|
|
47.9
|
|
|
49.7
|
|
|
0.02
|
%
|
|||
|
Nancy & Karl Schmidt(EPC) Moments to Remember USA, LLC
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/15/2038
|
|
|
106.3
|
|
|
99.6
|
|
|
103.2
|
|
|
0.05
|
%
|
|||
|
Orient Direct, Inc. dba Spracht, Celltek, ODI
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/12/2023
|
|
|
84.9
|
|
|
61.8
|
|
|
59.3
|
|
|
0.03
|
%
|
|||
|
Knits R Us, Inc. dba NYC Sports / Mingle
|
|
Textile Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/11/2038
|
|
|
125.0
|
|
|
117.3
|
|
|
122.6
|
|
|
0.06
|
%
|
|||
|
North Country Transport, LLC
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/6/2023
|
|
|
15.0
|
|
|
11.0
|
|
|
11.2
|
|
|
0.01
|
%
|
|||
|
MJD Investments, LLC dba The Community Day School
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/31/2038
|
|
|
258.3
|
|
|
241.6
|
|
|
248.7
|
|
|
0.12
|
%
|
|||
|
Sherill Universal City dba Golden Corral
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/28/2038
|
|
|
440.5
|
|
|
413.7
|
|
|
426.3
|
|
|
0.21
|
%
|
|||
|
Macho LLC (EPC) Madelaine Chocolate Novelties Inc(OC) dba The Madelai
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2037
|
|
|
500.0
|
|
|
469.3
|
|
|
493.7
|
|
|
0.24
|
%
|
|||
|
WI130, LLC (EPC) & Lakeland Group, Inc (OC) dba Lakeland Electrical
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2028
|
|
|
271.5
|
|
|
232.9
|
|
|
237.3
|
|
|
0.12
|
%
|
|||
|
Elegant Fireplace Mantels, Inc. dba Elegant Fireplace Mantels
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2022
|
|
|
97.5
|
|
|
70.5
|
|
|
70.3
|
|
|
0.03
|
%
|
|||
|
John Duffy Fuel Co., Inc.
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2022
|
|
|
513.8
|
|
|
371.3
|
|
|
377.4
|
|
|
0.18
|
%
|
|||
|
Babie Bunnie Enterprises Inc dba Triangle Mothercare
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2027
|
|
|
46.3
|
|
|
35.1
|
|
|
35.4
|
|
|
0.02
|
%
|
|||
|
Polpo Realty LLC (EPC) & Polpo Restaurant LLC (OC) dba Polpo Restauran
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/27/2037
|
|
|
517.5
|
|
|
485.1
|
|
|
510.3
|
|
|
0.25
|
%
|
|||
|
Martin L Hopp, MD PHD A Medical Corp (OC) dba Tower ENT
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/21/2022
|
|
|
66.3
|
|
|
47.6
|
|
|
47.8
|
|
|
0.02
|
%
|
|||
|
Ezzo Properties, LLC and Great Lakes Cleaning, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2027
|
|
|
389.6
|
|
|
328.6
|
|
|
333.4
|
|
|
0.16
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Pioneer Window Holdings, Inc and Subsidiaries dba Pioneer Windows
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2022
|
|
|
225.0
|
|
|
162.7
|
|
|
163.8
|
|
|
0.08
|
%
|
|||
|
United Woodworking, Inc
|
|
Wood Product Manufacturing
|
|
Term Loan
|
|
6%
|
|
12/20/2022
|
|
|
17.3
|
|
|
12.1
|
|
|
12.3
|
|
|
0.01
|
%
|
|||
|
The Amendments Group LLC dba Brightstar
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2022
|
|
|
22.5
|
|
|
16.2
|
|
|
16.5
|
|
|
0.01
|
%
|
|||
|
Aegis Creative Communications, Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2022
|
|
|
387.5
|
|
|
269.5
|
|
|
268.4
|
|
|
0.13
|
%
|
|||
|
Cheryle A Baptiste and Cheryle Baptiste DDS PLLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2037
|
|
|
286.5
|
|
|
267.0
|
|
|
280.1
|
|
|
0.14
|
%
|
|||
|
Daniel Gordon and Erin Gordon and Silver Lining Stables CT, LLC
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/28/2037
|
|
|
223.8
|
|
|
208.6
|
|
|
219.3
|
|
|
0.11
|
%
|
|||
|
Richmond Hill Mini Market, LLC
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/27/2037
|
|
|
185.3
|
|
|
172.7
|
|
|
181.1
|
|
|
0.09
|
%
|
|||
|
D&L Rescources, Inc. dba The UPS Store
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/27/2022
|
|
|
9.8
|
|
|
7.0
|
|
|
6.9
|
|
|
—
|
%
|
|||
|
DRV Enterprise, Inc. dba Cici's Pizza # 339
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/26/2022
|
|
|
65.0
|
|
|
45.4
|
|
|
46.2
|
|
|
0.02
|
%
|
|||
|
Pioneer Windows Manufacturing Corp, Pioneer Windows
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2022
|
|
|
275.0
|
|
|
196.8
|
|
|
198.1
|
|
|
0.10
|
%
|
|||
|
U & A Food and Fuel, Inc. dba Express Gas & Food Mart
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2037
|
|
|
96.3
|
|
|
89.7
|
|
|
94.4
|
|
|
0.05
|
%
|
|||
|
Clean Brothers Company Inc dba ServPro of North Washington County
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2022
|
|
|
17.0
|
|
|
12.1
|
|
|
12.1
|
|
|
0.01
|
%
|
|||
|
R & J Petroleum LLC (EPC) Manar USA, Inc. (OC)
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2037
|
|
|
180.0
|
|
|
167.7
|
|
|
176.1
|
|
|
0.09
|
%
|
|||
|
St Judes Physical Therapy P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/19/2022
|
|
|
21.0
|
|
|
15.0
|
|
|
15.2
|
|
|
0.01
|
%
|
|||
|
Hi-Def Imaging, Inc. dba SpeedPro Imaging
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/9/2022
|
|
|
22.2
|
|
|
15.9
|
|
|
15.9
|
|
|
0.01
|
%
|
|||
|
Reidville Hydraulics Mfg Inc dba Summit
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/2/2037
|
|
|
265.9
|
|
|
248.0
|
|
|
258.1
|
|
|
0.13
|
%
|
|||
|
Big Apple Entertainment Partners, LLC d/b/a Ripley's Believe It or Not
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2022
|
|
|
180.0
|
|
|
130.3
|
|
|
129.8
|
|
|
0.06
|
%
|
|||
|
LA Diner Inc dba Loukas L A Diner
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2037
|
|
|
677.5
|
|
|
631.8
|
|
|
664.2
|
|
|
0.32
|
%
|
|||
|
ATC Fitness LLC dba Around the Clock Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2022
|
|
|
180.0
|
|
|
129.4
|
|
|
130.7
|
|
|
0.06
|
%
|
|||
|
University Park Retreat, LLC dba Massage Heights
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/27/2022
|
|
|
76.0
|
|
|
53.1
|
|
|
53.9
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Forno Italiano Di Nonna Randazzo, LLC dba Nonna Randazzo's Bakery
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2037
|
|
|
183.8
|
|
|
171.9
|
|
|
179.7
|
|
|
0.09
|
%
|
|||
|
LaSalle Market and Deli EOK Inc and Rugen Realty LLC dba LaSalle Mark
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/21/2037
|
|
|
252.3
|
|
|
234.2
|
|
|
244.7
|
|
|
0.12
|
%
|
|||
|
O'Rourkes Diner LLC dba O'Rourke's Diner
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/19/2037
|
|
|
65.5
|
|
|
60.8
|
|
|
63.4
|
|
|
0.03
|
%
|
|||
|
Vision Network Solutions, Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/12/2022
|
|
|
19.5
|
|
|
9.9
|
|
|
9.8
|
|
|
—
|
%
|
|||
|
Michael J. Speeney & Joyce Speeney and R2 Tape, Inc.
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2037
|
|
|
367.5
|
|
|
340.5
|
|
|
358.0
|
|
|
0.18
|
%
|
|||
|
AJK Enterprise LLC dba AJK Enterprise LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2022
|
|
|
16.5
|
|
|
11.4
|
|
|
11.6
|
|
|
0.01
|
%
|
|||
|
New Image Building Services, Inc. dba New Image Repair Services
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/23/2037
|
|
|
285.7
|
|
|
264.7
|
|
|
275.2
|
|
|
0.13
|
%
|
|||
|
Suncoast Aluminum Furniture, Inc
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/17/2037
|
|
|
360.0
|
|
|
333.7
|
|
|
350.8
|
|
|
0.17
|
%
|
|||
|
Matchless Transportation LLC dba First Class Limo
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/3/2022
|
|
|
185.0
|
|
|
134.2
|
|
|
135.1
|
|
|
0.07
|
%
|
|||
|
Hofgard & Co., Inc. dba HofgardBenefits
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/27/2022
|
|
|
107.3
|
|
|
73.3
|
|
|
74.1
|
|
|
0.04
|
%
|
|||
|
Georgia Safe Sidewalks LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/27/2022
|
|
|
15.0
|
|
|
10.1
|
|
|
10.2
|
|
|
—
|
%
|
|||
|
Scoville Plumbing & Heating Inc and Thomas P. Scoville
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/25/2022
|
|
|
50.0
|
|
|
35.9
|
|
|
36.5
|
|
|
0.02
|
%
|
|||
|
Havana Central (NY) 5, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2022
|
|
|
1,166.8
|
|
|
823.4
|
|
|
832.9
|
|
|
0.41
|
%
|
|||
|
Central Tire, Inc. dba Cooper Tire & Auto Services
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2037
|
|
|
288.5
|
|
|
266.0
|
|
|
277.8
|
|
|
0.14
|
%
|
|||
|
WPI, LLC
|
|
Transportation Equipment Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2024
|
|
|
129.5
|
|
|
96.7
|
|
|
97.7
|
|
|
0.05
|
%
|
|||
|
Jenkins-Pavia Corporation dba Victory Lane Quick Oil Change
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2037
|
|
|
69.8
|
|
|
64.3
|
|
|
67.4
|
|
|
0.03
|
%
|
|||
|
KIND-ER-ZZ Inc dba Kidville
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/15/2022
|
|
|
50.0
|
|
|
33.5
|
|
|
33.3
|
|
|
0.02
|
%
|
|||
|
Graphish Studio, Inc. and Scott Fishoff
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/14/2022
|
|
|
20.3
|
|
|
13.7
|
|
|
13.6
|
|
|
0.01
|
%
|
|||
|
Spectrumit, Inc, (OC) dba LANformation
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2030
|
|
|
154.9
|
|
|
132.8
|
|
|
136.9
|
|
|
0.07
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
ALF, LLC (EPC) Mulit-Service Eagle Tires (OC)
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2037
|
|
|
62.9
|
|
|
57.9
|
|
|
60.7
|
|
|
0.03
|
%
|
|||
|
Craig R Freehauf d/b/a Lincoln Theatre
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2022
|
|
|
47.9
|
|
|
23.6
|
|
|
24.0
|
|
|
0.01
|
%
|
|||
|
Lefont Theaters, Inc.
|
|
Motion Picture and Sound Recording Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/30/2022
|
|
|
137.0
|
|
|
91.6
|
|
|
92.2
|
|
|
0.05
|
%
|
|||
|
Christou Real Estate Holdings LLC dba Tops American Grill
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/17/2037
|
|
|
284.0
|
|
|
261.0
|
|
|
274.0
|
|
|
0.13
|
%
|
|||
|
Tracey Vita-Morris dba Tracey Vita's School of Dance
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/10/2022
|
|
|
22.5
|
|
|
15.0
|
|
|
15.0
|
|
|
0.01
|
%
|
|||
|
Bisson Transportation, Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/7/2037
|
|
|
588.1
|
|
|
554.9
|
|
|
578.3
|
|
|
0.28
|
%
|
|||
|
Bisson Moving & Storage Company Bisson Transportation Inc and BTG Real
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/7/2022
|
|
|
528.8
|
|
|
378.5
|
|
|
382.4
|
|
|
0.19
|
%
|
|||
|
Fair Deal Food Mart Inc dba Neighbors Market
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/3/2037
|
|
|
381.3
|
|
|
350.8
|
|
|
368.6
|
|
|
0.18
|
%
|
|||
|
Tanner Optical, Inc. dba Murphy Eye Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/27/2022
|
|
|
8.3
|
|
|
5.4
|
|
|
5.5
|
|
|
—
|
%
|
|||
|
Zane Filippone Co Inc dba Culligan Water Conditioning
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/12/2022
|
|
|
558.2
|
|
|
370.9
|
|
|
374.1
|
|
|
0.18
|
%
|
|||
|
Indoor Playgrounds Limited Liability Company dba Kidville
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/5/2022
|
|
|
19.5
|
|
|
10.7
|
|
|
10.8
|
|
|
0.01
|
%
|
|||
|
Brandywine Picnic Park, Inc. and B.Ross Capps & Linda Capps
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2031
|
|
|
231.5
|
|
|
200.1
|
|
|
207.5
|
|
|
0.10
|
%
|
|||
|
Access Staffing, LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2022
|
|
|
187.5
|
|
|
122.5
|
|
|
121.8
|
|
|
0.06
|
%
|
|||
|
Willow Springs Golf Course, Inc. & JC Lindsey Family Limited Partners
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2037
|
|
|
755.4
|
|
|
701.4
|
|
|
736.7
|
|
|
0.36
|
%
|
|||
|
Manuel P. Barrera and Accura Electrical Contractor, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/23/2028
|
|
|
103.7
|
|
|
85.1
|
|
|
86.5
|
|
|
0.04
|
%
|
|||
|
Shweiki Media, Inc. dba Study Breaks Magazine
|
|
Publishing Industries (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/22/2027
|
|
|
1,178.8
|
|
|
947.7
|
|
|
964.9
|
|
|
0.47
|
%
|
|||
|
BCD Holdings, LLC and H-MA, LLC d/b/a/ Hawaii Mainland Administrators
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/2/2022
|
|
|
451.3
|
|
|
285.0
|
|
|
283.9
|
|
|
0.14
|
%
|
|||
|
ATC Fitness, LLC d/b/a Around the C
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2022
|
|
|
10.2
|
|
|
6.6
|
|
|
6.6
|
|
|
—
|
%
|
|||
|
ATI Jet, Inc.
|
|
Air Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2026
|
|
|
852.8
|
|
|
662.6
|
|
|
679.5
|
|
|
0.33
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
J. Kinderman & Sons, Inc. dba Brite Star Manufacturing Company
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2036
|
|
|
495.0
|
|
|
458.3
|
|
|
482.7
|
|
|
0.24
|
%
|
|||
|
K's Salon, LLC d/b/a K's Salon
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2021
|
|
|
73.6
|
|
|
46.4
|
|
|
46.5
|
|
|
0.02
|
%
|
|||
|
15 Frederick Place LLC & Pioneer Windows Holdings Inc & Subs dba Pion
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2021
|
|
|
250.0
|
|
|
156.3
|
|
|
157.9
|
|
|
0.08
|
%
|
|||
|
M & H Pinestraw, Inc. and Harris L. Maloy
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/15/2021
|
|
|
238.3
|
|
|
149.8
|
|
|
151.2
|
|
|
0.07
|
%
|
|||
|
Taylor Transport, Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/8/2021
|
|
|
515.5
|
|
|
266.6
|
|
|
270.7
|
|
|
0.13
|
%
|
|||
|
City Sign Service, Incorporated
|
|
Electrical Equipment, Appliance, and Component Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
165.8
|
|
|
127.4
|
|
|
130.7
|
|
|
0.06
|
%
|
|||
|
Scent-Sation, Inc. d/b/a Scent-Sation, Inc.
|
|
Textile Product Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2021
|
|
|
337.5
|
|
|
244.5
|
|
|
248.3
|
|
|
0.12
|
%
|
|||
|
Thomas P. Scoville dba Scoville Plumbing & Heating, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/16/2021
|
|
|
62.5
|
|
|
38.7
|
|
|
39.3
|
|
|
0.02
|
%
|
|||
|
MRM Supermarkets, Inc. dba Constantin's Breads
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/10/2021
|
|
|
137.5
|
|
|
85.5
|
|
|
86.5
|
|
|
0.04
|
%
|
|||
|
K9 Bytes, Inc & Epazz, Inc dba K9 Bytes, Inc
|
|
Publishing Industries (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2021
|
|
|
58.8
|
|
|
37.3
|
|
|
37.5
|
|
|
0.02
|
%
|
|||
|
28 Cornelia Street Properties, LLC and Zouk, Ltd.dba Palma
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/25/2021
|
|
|
22.5
|
|
|
13.8
|
|
|
14.0
|
|
|
0.01
|
%
|
|||
|
Robert E. Caves, Sr. and American Plank dba Caves Enterprises
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2021
|
|
|
302.5
|
|
|
180.3
|
|
|
183.0
|
|
|
0.09
|
%
|
|||
|
PTK, Incorporated dba Night N Day 24 HR Convenience Store
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2036
|
|
|
137.5
|
|
|
124.5
|
|
|
130.9
|
|
|
0.06
|
%
|
|||
|
39581 Garfield, LLC and Tri County Neurological Associates, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2036
|
|
|
83.3
|
|
|
75.2
|
|
|
79.0
|
|
|
0.04
|
%
|
|||
|
39581 Garfield, LLC and Tricounty Neurological Associates, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2036
|
|
|
28.5
|
|
|
25.6
|
|
|
26.8
|
|
|
0.01
|
%
|
|||
|
Big Apple Entertainment Partners, LLC dba Ripley's Believe it or Not
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2021
|
|
|
1,070.0
|
|
|
641.7
|
|
|
643.8
|
|
|
0.31
|
%
|
|||
|
Polymer Sciences, Inc. dba Polymer Sciences, Inc.
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2036
|
|
|
422.6
|
|
|
382.5
|
|
|
402.6
|
|
|
0.20
|
%
|
|||
|
Equity National Capital LLC & Chadbourne Road Capital, LLC
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2021
|
|
|
62.5
|
|
|
37.9
|
|
|
38.1
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Bryan Bantry Inc.
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/8/2021
|
|
|
400.0
|
|
|
161.3
|
|
|
161.8
|
|
|
0.08
|
%
|
|||
|
SBR Technologies d/b/a Color Graphics
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2021
|
|
|
806.2
|
|
|
473.6
|
|
|
480.3
|
|
|
0.23
|
%
|
|||
|
Michael S. Decker & Janet Decker dba The Hen House Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2036
|
|
|
16.4
|
|
|
14.9
|
|
|
15.6
|
|
|
0.01
|
%
|
|||
|
Trademark Equipment Company Inc and David A. Daniel
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/19/2036
|
|
|
133.6
|
|
|
120.6
|
|
|
126.7
|
|
|
0.06
|
%
|
|||
|
Qycell Corporation
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/19/2021
|
|
|
187.5
|
|
|
105.8
|
|
|
106.5
|
|
|
0.05
|
%
|
|||
|
A & A Auto Care, LLC d/b/a A & A Auto Care, LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/12/2036
|
|
|
101.0
|
|
|
91.4
|
|
|
96.1
|
|
|
0.05
|
%
|
|||
|
Valiev Ballet Academy, Inc
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/12/2036
|
|
|
91.5
|
|
|
38.3
|
|
|
40.3
|
|
|
0.02
|
%
|
|||
|
LaHoBa, LLC d/b/a Papa John's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/3/2036
|
|
|
77.5
|
|
|
69.5
|
|
|
73.2
|
|
|
0.04
|
%
|
|||
|
Kelly Chon LLC dba Shi-Golf
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2021
|
|
|
17.5
|
|
|
7.5
|
|
|
7.6
|
|
|
—
|
%
|
|||
|
MTV Bowl, Inc. dba Legend Lanes
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2036
|
|
|
248.5
|
|
|
223.7
|
|
|
234.5
|
|
|
0.11
|
%
|
|||
|
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2036
|
|
|
338.1
|
|
|
316.1
|
|
|
332.1
|
|
|
0.16
|
%
|
|||
|
Lavertue Properties LLP dba Lavertue Properties
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2036
|
|
|
44.8
|
|
|
40.3
|
|
|
42.4
|
|
|
0.02
|
%
|
|||
|
Pierce Developments, Inc. dba Southside Granite
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/13/2036
|
|
|
256.1
|
|
|
230.3
|
|
|
241.2
|
|
|
0.12
|
%
|
|||
|
Major Queens Body & Fender Corp
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/10/2021
|
|
|
28.6
|
|
|
16.5
|
|
|
16.7
|
|
|
0.01
|
%
|
|||
|
J&K Fitness, LLC dba Physiques Womens Fitness Center
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/8/2036
|
|
|
449.3
|
|
|
407.6
|
|
|
428.2
|
|
|
0.21
|
%
|
|||
|
Peanut Butter & Co., Inc. d/b/a Peanut Butter & Co.
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/3/2021
|
|
|
65.5
|
|
|
36.7
|
|
|
36.8
|
|
|
0.02
|
%
|
|||
|
Demand Printing Solutions, Inc. and MLM Enterprises, LLC d/b/a Demand
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2021
|
|
|
16.5
|
|
|
9.4
|
|
|
9.5
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Modern on the Mile, LLC dba Ligne Roset
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/25/2021
|
|
|
212.5
|
|
|
120.7
|
|
|
121.2
|
|
|
0.06
|
%
|
|||
|
Music Mountain Water Company, LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/25/2036
|
|
|
138.1
|
|
|
123.0
|
|
|
129.5
|
|
|
0.06
|
%
|
|||
|
Profile Performance, Inc. and Eidak Real Estate, L.L.C.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/20/2036
|
|
|
127.5
|
|
|
114.2
|
|
|
120.1
|
|
|
0.06
|
%
|
|||
|
Northwind Outdoor Recreation, Inc. dba Red Rock Wilderness Store
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/18/2036
|
|
|
129.5
|
|
|
117.7
|
|
|
123.9
|
|
|
0.06
|
%
|
|||
|
Michael S. Korfe dba North Valley Auto Repair
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2036
|
|
|
15.5
|
|
|
13.8
|
|
|
14.5
|
|
|
0.01
|
%
|
|||
|
Actknowledge,Inc dba Actknowledge
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2021
|
|
|
57.3
|
|
|
31.9
|
|
|
32.3
|
|
|
0.02
|
%
|
|||
|
Food & Beverage Associates Of N.J. Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2021
|
|
|
10.0
|
|
|
5.0
|
|
|
5.0
|
|
|
—
|
%
|
|||
|
Key Products I&II, Inc. dba Dunkin' Donuts/Baskin-Robbins
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/10/2021
|
|
|
153.0
|
|
|
85.2
|
|
|
85.6
|
|
|
0.04
|
%
|
|||
|
Stephen Frank, Patricia Frank and Suds Express LLC dba Frank Chiropra
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/25/2023
|
|
|
63.0
|
|
|
38.6
|
|
|
39.4
|
|
|
0.02
|
%
|
|||
|
SuzyQue’s LLC dba Suzy Que’s
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/11/2036
|
|
|
61.0
|
|
|
54.5
|
|
|
57.3
|
|
|
0.03
|
%
|
|||
|
Little People’s Village, LLC dba Little People’s Village
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/31/2036
|
|
|
31.1
|
|
|
27.6
|
|
|
29.1
|
|
|
0.01
|
%
|
|||
|
Seagate Group Holdings, Inc. dba Seagate Logistics, Inc.
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/28/2036
|
|
|
113.4
|
|
|
100.8
|
|
|
106.0
|
|
|
0.05
|
%
|
|||
|
Metro Used Cars Inc. dba Metro Auto Center
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/14/2027
|
|
|
117.6
|
|
|
89.7
|
|
|
92.2
|
|
|
0.05
|
%
|
|||
|
Patrageous Enterprises, LLC dba Incredibly Edible Delites of Laurel
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2020
|
|
|
7.6
|
|
|
3.7
|
|
|
3.7
|
|
|
—
|
%
|
|||
|
Shree OM Lodging, LLC dba Royal Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2035
|
|
|
27.7
|
|
|
24.6
|
|
|
25.8
|
|
|
0.01
|
%
|
|||
|
Lodin Medical Imaging, LLC dba Watson Imaging Center
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/1/2020
|
|
|
66.4
|
|
|
34.0
|
|
|
34.5
|
|
|
0.02
|
%
|
|||
|
Robert F. Schuler and Lori A. Schuler dba Bob’s Service Center
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2035
|
|
|
34.0
|
|
|
30.1
|
|
|
31.7
|
|
|
0.02
|
%
|
|||
|
Any Garment Cleaner-East Brunswick, Inc dba Any Garment Cleaner
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2020
|
|
|
42.5
|
|
|
18.4
|
|
|
18.6
|
|
|
0.01
|
%
|
|||
|
West Cobb Enterprises, Inc and Advanced Eye Associates, L.L.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/12/2035
|
|
|
148.7
|
|
|
131.7
|
|
|
138.4
|
|
|
0.07
|
%
|
|||
|
Lincoln Park Physical Therapy
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/20/2020
|
|
|
43.5
|
|
|
22.2
|
|
|
22.5
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Jade Automotive d/b/a Sears Hometown Store
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/6/2035
|
|
|
146.6
|
|
|
130.1
|
|
|
136.9
|
|
|
0.07
|
%
|
|||
|
Wise Forklift Inc
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/1/2020
|
|
|
296.9
|
|
|
147.6
|
|
|
149.6
|
|
|
0.07
|
%
|
|||
|
Elan Realty, LLC and Albert Basse Asociates, Inc.
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2035
|
|
|
228.2
|
|
|
201.3
|
|
|
211.8
|
|
|
0.10
|
%
|
|||
|
K9 Bytes, Inc & Epazz, Inc
|
|
Publishing Industries (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2020
|
|
|
18.5
|
|
|
9.7
|
|
|
9.7
|
|
|
—
|
%
|
|||
|
Success Express,Inc. dba Success Express
|
|
Couriers and Messengers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/29/2020
|
|
|
91.8
|
|
|
45.9
|
|
|
46.2
|
|
|
0.02
|
%
|
|||
|
Modern Manhattan, LLC
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/20/2020
|
|
|
204.0
|
|
|
103.1
|
|
|
103.9
|
|
|
0.05
|
%
|
|||
|
Dirk's Trucking, L.L.C. dba Dirk's Trucking
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/17/2020
|
|
|
17.7
|
|
|
8.8
|
|
|
8.9
|
|
|
—
|
%
|
|||
|
Newsome Trucking Inc and Kevin Newsome
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/2/2035
|
|
|
423.1
|
|
|
211.3
|
|
|
221.9
|
|
|
0.11
|
%
|
|||
|
California College of Communications, Inc.
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/2/2020
|
|
|
172.5
|
|
|
88.6
|
|
|
89.3
|
|
|
0.04
|
%
|
|||
|
Rudy & Louise Chavez dba Clyde's Auto and Furniture Upholstery
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/2/2035
|
|
|
50.1
|
|
|
44.1
|
|
|
46.4
|
|
|
0.02
|
%
|
|||
|
DDLK Investments LLC d/b/a Smoothie King
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2020
|
|
|
7.5
|
|
|
3.1
|
|
|
3.1
|
|
|
—
|
%
|
|||
|
Kino Oil of Texas, LLC dba Kino Oil
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2020
|
|
|
60.0
|
|
|
29.5
|
|
|
29.9
|
|
|
0.01
|
%
|
|||
|
Kino Oil of Texas LLC dba Kino Company and B&D Oil
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2035
|
|
|
12.0
|
|
|
10.4
|
|
|
10.9
|
|
|
0.01
|
%
|
|||
|
Planet Verte,LLC d/b/a Audio Unlimited
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/20/2020
|
|
|
40.0
|
|
|
20.0
|
|
|
20.1
|
|
|
0.01
|
%
|
|||
|
Members Only Software
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2020
|
|
|
40.3
|
|
|
19.7
|
|
|
19.9
|
|
|
0.01
|
%
|
|||
|
New Life Holdings, LLC and Certified Collision Services, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2035
|
|
|
76.2
|
|
|
66.1
|
|
|
69.4
|
|
|
0.03
|
%
|
|||
|
ActKnowledge,Inc dba ActKnowledge
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2020
|
|
|
50.0
|
|
|
24.0
|
|
|
24.3
|
|
|
0.01
|
%
|
|||
|
I-90 RV & Auto Supercenter
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2035
|
|
|
74.9
|
|
|
65.5
|
|
|
68.9
|
|
|
0.03
|
%
|
|||
|
WeaverVentures, Inc dba The UPS Store
|
|
Postal Service
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/28/2020
|
|
|
23.8
|
|
|
11.6
|
|
|
11.7
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Zouk, Ltd. dba Palma
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/25/2020
|
|
|
27.5
|
|
|
13.6
|
|
|
13.8
|
|
|
0.01
|
%
|
|||
|
CJ Park Inc. dba Kidville Midtown West
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/25/2020
|
|
|
26.4
|
|
|
10.0
|
|
|
10.1
|
|
|
—
|
%
|
|||
|
Tanner Optical Inc. dba Murphy Eye Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2018
|
|
|
94.6
|
|
|
82.9
|
|
|
83.2
|
|
|
0.04
|
%
|
|||
|
M & H Pine Straw, Inc.and Harris Maloy
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/10/2020
|
|
|
67.5
|
|
|
32.7
|
|
|
33.0
|
|
|
0.02
|
%
|
|||
|
Excel RP, Inc./Kevin and Joann Foley
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/8/2028
|
|
|
50.0
|
|
|
39.0
|
|
|
40.3
|
|
|
0.02
|
%
|
|||
|
ValleyStar, Inc. dba BrightStar Healthcare
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2020
|
|
|
7.5
|
|
|
3.6
|
|
|
3.6
|
|
|
—
|
%
|
|||
|
ValleyStar, Inc. dba BrightStar HealthCare
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2020
|
|
|
0.6
|
|
|
2.9
|
|
|
2.9
|
|
|
—
|
%
|
|||
|
Diag, LLC dba Kidville
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/21/2020
|
|
|
37.5
|
|
|
17.5
|
|
|
17.6
|
|
|
0.01
|
%
|
|||
|
M & H Pine Straw, Inc and Harris L. Maloy
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
6%
|
|
4/30/2020
|
|
|
183.3
|
|
|
67.2
|
|
|
67.9
|
|
|
0.03
|
%
|
|||
|
New Economic Methods LLC dba Rita's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/15/2020
|
|
|
24.8
|
|
|
0.8
|
|
|
0.8
|
|
|
—
|
%
|
|||
|
Cocoa Beach Parasail Corp. dba Cocoa Beach Parasail
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/26/2020
|
|
|
6.3
|
|
|
2.9
|
|
|
2.9
|
|
|
—
|
%
|
|||
|
Vortex Automotive LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/5/2035
|
|
|
76.6
|
|
|
66.8
|
|
|
70.1
|
|
|
0.03
|
%
|
|||
|
ATC Fitness LLC dba Around the Clock Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2019
|
|
|
15.0
|
|
|
5.4
|
|
|
5.5
|
|
|
—
|
%
|
|||
|
Lahoba,LLC dba Papa John's Pizza
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2034
|
|
|
42.5
|
|
|
36.8
|
|
|
38.7
|
|
|
0.02
|
%
|
|||
|
Animal Intrusion Prevention Systems Holding Company, LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2024
|
|
|
126.5
|
|
|
81.8
|
|
|
83.8
|
|
|
0.04
|
%
|
|||
|
Music Mountain Water Company,LLC dba Music Mountain Water Co.
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2019
|
|
|
185.4
|
|
|
79.1
|
|
|
80.0
|
|
|
0.04
|
%
|
|||
|
CMA Consulting dba Construction Management Associates
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2019
|
|
|
58.5
|
|
|
22.5
|
|
|
22.7
|
|
|
0.01
|
%
|
|||
|
David A. Nusblatt, D.M.D, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2019
|
|
|
9.0
|
|
|
3.8
|
|
|
3.8
|
|
|
—
|
%
|
|||
|
KMC RE, LLC & B&B Kennels
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/19/2034
|
|
|
58.3
|
|
|
50.3
|
|
|
52.9
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Demand Printing Solutions, Inc.
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/12/2019
|
|
|
10.0
|
|
|
4.2
|
|
|
4.2
|
|
|
—
|
%
|
|||
|
Planet Verte, LLC dba Audio Unlimited of Oceanside
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/28/2019
|
|
|
57.0
|
|
|
23.5
|
|
|
23.7
|
|
|
0.01
|
%
|
|||
|
Demand Printing Solutions, Inc
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2034
|
|
|
147.5
|
|
|
126.8
|
|
|
133.3
|
|
|
0.07
|
%
|
|||
|
Supreme Screw Products
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/17/2019
|
|
|
308.2
|
|
|
104.9
|
|
|
106.0
|
|
|
0.05
|
%
|
|||
|
Gray Tree Service, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2018
|
|
|
50.0
|
|
|
14.9
|
|
|
15.0
|
|
|
0.01
|
%
|
|||
|
Envy Salon & Spa LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2018
|
|
|
20.3
|
|
|
6.0
|
|
|
6.1
|
|
|
—
|
%
|
|||
|
Gourmet to You, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2019
|
|
|
12.1
|
|
|
3.8
|
|
|
3.8
|
|
|
—
|
%
|
|||
|
The Alba Financial Group, Inc.
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
6%
|
|
1/10/2019
|
|
|
22.5
|
|
|
13.2
|
|
|
13.3
|
|
|
0.01
|
%
|
|||
|
Grapevine Professional Services, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/22/2019
|
|
|
8.2
|
|
|
2.5
|
|
|
2.5
|
|
|
—
|
%
|
|||
|
Inflate World Corporation
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2018
|
|
|
7.5
|
|
|
1.6
|
|
|
1.7
|
|
|
—
|
%
|
|||
|
Peter Thomas Roth Labs LL
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2018
|
|
|
425.0
|
|
|
118.1
|
|
|
119.0
|
|
|
0.06
|
%
|
|||
|
Dream Envy, Ltd. d/b/a Massage Envy
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/9/2018
|
|
|
88.0
|
|
|
25.6
|
|
|
25.8
|
|
|
0.01
|
%
|
|||
|
Seven Stars Enterprises, Inc. dba Atlanta Bread Company
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2018
|
|
|
86.3
|
|
|
22.4
|
|
|
22.6
|
|
|
0.01
|
%
|
|||
|
CBA D&A Pope, LLC dba Christian Brothers Automotive
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/14/2018
|
|
|
144.9
|
|
|
37.3
|
|
|
37.6
|
|
|
0.02
|
%
|
|||
|
Gilbert Chiropractic Clinic, Inc.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/7/2018
|
|
|
22.5
|
|
|
5.6
|
|
|
5.7
|
|
|
—
|
%
|
|||
|
D & D's Divine Beauty School of Esther, LLC
|
|
Educational Services
|
|
Term Loan
|
|
6%
|
|
8/1/2031
|
|
|
57.7
|
|
|
52.4
|
|
|
54.7
|
|
|
0.03
|
%
|
|||
|
Daniel S. Fitzpatrick dba Danny's Mobile Appearance Reconditioning Ser
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2018
|
|
|
9.4
|
|
|
2.1
|
|
|
2.1
|
|
|
—
|
%
|
|||
|
Burks & Sons Development LLC dba Tropical Smoothie Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/22/2018
|
|
|
49.8
|
|
|
11.0
|
|
|
11.1
|
|
|
0.01
|
%
|
|||
|
Bliss Coffee and Wine Bar, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
3/19/2018
|
|
|
87.5
|
|
|
70.6
|
|
|
71.1
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Zog Inc.
|
|
Other Information Services
|
|
Term Loan
|
|
6%
|
|
3/17/2018
|
|
|
97.5
|
|
|
68.3
|
|
|
68.7
|
|
|
0.03
|
%
|
|||
|
Saan M.Saelee dba Saelee's Delivery Service
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/12/2018
|
|
|
9.8
|
|
|
2.1
|
|
|
2.1
|
|
|
—
|
%
|
|||
|
A & A Acquisition, Inc. dba A & A International
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/15/2018
|
|
|
100.0
|
|
|
20.9
|
|
|
21.0
|
|
|
0.01
|
%
|
|||
|
Enewhere Custom Canvas, LLC
|
|
Textile Product Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/15/2018
|
|
|
12.0
|
|
|
2.6
|
|
|
2.6
|
|
|
—
|
%
|
|||
|
All American Printing
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2032
|
|
|
69.8
|
|
|
37.9
|
|
|
39.7
|
|
|
0.02
|
%
|
|||
|
Seo's Paradise Cleaners, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/19/2018
|
|
|
9.8
|
|
|
1.3
|
|
|
1.3
|
|
|
—
|
%
|
|||
|
Margab, Inc. dba Smoothie King
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2017
|
|
|
44.0
|
|
|
8.4
|
|
|
8.5
|
|
|
—
|
%
|
|||
|
RCB Enterprises, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2017
|
|
|
21.2
|
|
|
5.0
|
|
|
5.0
|
|
|
—
|
%
|
|||
|
Timothy S. Strange dba Strange's Mobile Apperance Reconditioning Servi
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2017
|
|
|
8.4
|
|
|
1.2
|
|
|
1.3
|
|
|
—
|
%
|
|||
|
Parties By Pat, Inc. and Jose M. Martinez Jr.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2017
|
|
|
93.1
|
|
|
17.4
|
|
|
17.5
|
|
|
0.01
|
%
|
|||
|
Tammy's Bakery, Inc. dba Tammy's Bakery
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/10/2017
|
|
|
71.8
|
|
|
14.3
|
|
|
14.4
|
|
|
0.01
|
%
|
|||
|
Maria C. Sathre and David N. Sathre dba Black Forest Liquor Store
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/28/2017
|
|
|
18.6
|
|
|
3.3
|
|
|
3.4
|
|
|
—
|
%
|
|||
|
MJ Mortgage & Tax Services, Inc.
|
|
Credit Intermediation and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/14/2017
|
|
|
6.9
|
|
|
1.1
|
|
|
1.1
|
|
|
—
|
%
|
|||
|
Kings Laundry,LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/30/2017
|
|
|
64.5
|
|
|
11.3
|
|
|
11.3
|
|
|
0.01
|
%
|
|||
|
Quality Engraving Services Inc. and Ian M. Schnaitman
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/17/2017
|
|
|
15.0
|
|
|
2.6
|
|
|
2.6
|
|
|
—
|
%
|
|||
|
Flourishing Fruits, LLC dba Edible Arrangements
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2017
|
|
|
21.1
|
|
|
1.3
|
|
|
1.3
|
|
|
—
|
%
|
|||
|
Louis B. Smith dba LAQ Funeral Coach
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2017
|
|
|
12.6
|
|
|
2.0
|
|
|
2.0
|
|
|
—
|
%
|
|||
|
Flint Batteries LLC dba Batteries Plus of Flint
|
|
General Merchandise Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/29/2017
|
|
|
9.0
|
|
|
1.1
|
|
|
1.1
|
|
|
—
|
%
|
|||
|
1911 East Main Street Holdings, Corp
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/18/2032
|
|
|
15.8
|
|
|
12.6
|
|
|
13.2
|
|
|
0.01
|
%
|
|||
|
Metano IBC Services, Inc. and Stone Brook Leasing, LLC
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/17/2017
|
|
|
315.0
|
|
|
41.4
|
|
|
41.6
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Mala Iyer, MD dba Child and Family Wellness Center
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/11/2017
|
|
|
50.0
|
|
|
8.0
|
|
|
8.0
|
|
|
—
|
%
|
|||
|
South Dade Restoration Corp. dba Servpro of Kendall/Pinecrest
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/10/2016
|
|
|
61.8
|
|
|
0.9
|
|
|
0.9
|
|
|
—
|
%
|
|||
|
Twietmeyer Dentistry PA
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2017
|
|
|
148.9
|
|
|
19.5
|
|
|
19.6
|
|
|
0.01
|
%
|
|||
|
Water Works Laundromat, LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
9/7/2027
|
|
|
267.3
|
|
|
188.0
|
|
|
189.4
|
|
|
0.09
|
%
|
|||
|
L.C.N. Investments, L.L.C. dba Max Muscle Sports Nutrition
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2017
|
|
|
12.8
|
|
|
1.5
|
|
|
1.6
|
|
|
—
|
%
|
|||
|
Dave Kris, and MDK Ram Corp.
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/5/2026
|
|
|
221.0
|
|
|
33.7
|
|
|
34.7
|
|
|
0.02
|
%
|
|||
|
No Thirst Software LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/26/2017
|
|
|
6.8
|
|
|
0.5
|
|
|
0.5
|
|
|
—
|
%
|
|||
|
Zeroln Media LLC,
|
|
Data Processing, Hosting, and Related Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/25/2017
|
|
|
7.5
|
|
|
0.9
|
|
|
0.9
|
|
|
—
|
%
|
|||
|
CCIPTA, LLC
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/17/2017
|
|
|
47.0
|
|
|
0.8
|
|
|
0.8
|
|
|
—
|
%
|
|||
|
Gill Express Inc. dba American Eagle Truck Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/5/2027
|
|
|
286.9
|
|
|
193.9
|
|
|
200.2
|
|
|
0.10
|
%
|
|||
|
Spain Street LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2017
|
|
|
63.0
|
|
|
1.9
|
|
|
1.9
|
|
|
—
|
%
|
|||
|
Kyoshi Enterprises, LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2016
|
|
|
22.5
|
|
|
1.6
|
|
|
1.6
|
|
|
—
|
%
|
|||
|
Nora A. Palma and Julio O Villcas
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2017
|
|
|
56.3
|
|
|
0.6
|
|
|
0.6
|
|
|
—
|
%
|
|||
|
Jojan, Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
12/18/2031
|
|
|
204.8
|
|
|
38.6
|
|
|
39.0
|
|
|
0.02
|
%
|
|||
|
Contractors Pumping Service, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/3/2016
|
|
|
9.9
|
|
|
0.2
|
|
|
0.2
|
|
|
—
|
%
|
|||
|
Smooth Grounds, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
7.75%
|
|
10/11/2016
|
|
|
64.5
|
|
|
32.1
|
|
|
32.1
|
|
|
0.02
|
%
|
|||
|
Nelson Financial Services, LLC
|
|
Scenic and Sightseeing Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/2/2016
|
|
|
57.0
|
|
|
0.4
|
|
|
0.4
|
|
|
—
|
%
|
|||
|
Fran-Car Corporation dba Horizon Landscape Management
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/3/2028
|
|
|
407.8
|
|
|
167.6
|
|
|
173.5
|
|
|
0.08
|
%
|
|||
|
Head To Toe Personalized Pampering, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/27/2031
|
|
|
52.0
|
|
|
9.2
|
|
|
9.6
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Maxwell Place, LLC
|
|
Nursing and Residential Care Facilities
|
|
Term Loan
|
|
6.5%
|
|
12/31/2018
|
|
|
1,076.8
|
|
|
776.4
|
|
|
783.1
|
|
|
0.38
|
%
|
|||
|
Christopher F. Bohon & Pamela D. Bohon
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/28/2026
|
|
|
14.2
|
|
|
3.4
|
|
|
3.5
|
|
|
—
|
%
|
|||
|
Shree Om Lodging, LLC dba Royal Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/2/2030
|
|
|
333.3
|
|
|
64.8
|
|
|
67.5
|
|
|
0.03
|
%
|
|||
|
Pedzik's Pets, LLC
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2030
|
|
|
53.5
|
|
|
9.2
|
|
|
9.6
|
|
|
—
|
%
|
|||
|
Nancy Carapelluci & A & M Seasonal Corner Inc.
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/1/2025
|
|
|
106.9
|
|
|
15.2
|
|
|
15.6
|
|
|
0.01
|
%
|
|||
|
Moonlight Multi Media Production, Inc.
|
|
Other Information Services
|
|
Term Loan
|
|
5.3%
|
|
2/1/2025
|
|
|
19.7
|
|
|
3.6
|
|
|
3.7
|
|
|
—
|
%
|
|||
|
McCallister Venture Group, LLC and Maw's Vittles, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/30/2029
|
|
|
75.0
|
|
|
11.9
|
|
|
12.4
|
|
|
0.01
|
%
|
|||
|
Computer Renaissance dba Dante IT Services, Inc.
|
|
Electronics and Appliance Stores
|
|
Term Loan
|
|
Prime plus 3.75%
|
|
3/1/2018
|
|
|
100.0
|
|
|
2.2
|
|
|
2.2
|
|
|
—
|
%
|
|||
|
Chong Hun Im dba Kim's Market
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
2/27/2024
|
|
|
80.0
|
|
|
9.9
|
|
|
10.1
|
|
|
—
|
%
|
|||
|
Whirlwind Car Wash, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2%
|
|
4/9/2029
|
|
|
333.3
|
|
|
65.7
|
|
|
65.3
|
|
|
0.03
|
%
|
|||
|
West Experience,Inc/West Mountain Equipment Rental,Inc/Ski West Lodge
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
6%
|
|
6/5/2026
|
|
|
1,333.0
|
|
|
870.8
|
|
|
897.4
|
|
|
0.44
|
%
|
|||
|
Center-Mark Car Wash, Ltd
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/18/2024
|
|
|
221.3
|
|
|
29.3
|
|
|
30.0
|
|
|
0.01
|
%
|
|||
|
Shuttle Car Wash, Inc. dba Shuttle Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
11/10/2028
|
|
|
109.8
|
|
|
17.7
|
|
|
17.8
|
|
|
0.01
|
%
|
|||
|
Min Hui Lin
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/30/2028
|
|
|
134.3
|
|
|
18.0
|
|
|
18.6
|
|
|
0.01
|
%
|
|||
|
Delta Partners, LLC dba Delta Carwash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
4/5/2029
|
|
|
280.9
|
|
|
43.7
|
|
|
44.7
|
|
|
0.02
|
%
|
|||
|
Oz B. Zamir dba Zamir Marble & Granite
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
8/6/2028
|
|
|
54.0
|
|
|
8.5
|
|
|
8.7
|
|
|
—
|
%
|
|||
|
Auto Sales, Inc.
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
6%
|
|
8/17/2023
|
|
|
75.0
|
|
|
8.3
|
|
|
8.5
|
|
|
—
|
%
|
|||
|
B & J Manufacturing Corporation and Benson Realty Trust
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2%
|
|
3/30/2021
|
|
|
250.0
|
|
|
20.7
|
|
|
20.6
|
|
|
0.01
|
%
|
|||
|
RAB Services, Inc. & Professional Floor Installations
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
1/31/2023
|
|
|
62.5
|
|
|
7.5
|
|
|
7.6
|
|
|
—
|
%
|
|||
|
Taste of Inverness, Inc. dba China Garden
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2%
|
|
6/29/2025
|
|
|
73.8
|
|
|
9.2
|
|
|
9.1
|
|
|
—
|
%
|
|||
|
Ralph Werner dba Werner Transmissions
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2021
|
|
|
26.6
|
|
|
2.5
|
|
|
2.6
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
M. Krishna, Inc. dba Super 8 Motel
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2%
|
|
3/20/2025
|
|
|
250.0
|
|
|
9.9
|
|
|
9.8
|
|
|
—
|
%
|
|||
|
Robin C. & Charles E. Taylor & Brigantine Aquatic Center LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
6%
|
|
9/14/2023
|
|
|
185.8
|
|
|
32.2
|
|
|
33.0
|
|
|
0.02
|
%
|
|||
|
OrthoQuest, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2%
|
|
3/12/2022
|
|
|
56.8
|
|
|
4.7
|
|
|
4.7
|
|
|
—
|
%
|
|||
|
CPN Motel, L.L.C. dba American Motor Lodge
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
4/30/2024
|
|
|
379.0
|
|
|
32.4
|
|
|
32.6
|
|
|
0.02
|
%
|
|||
|
Track Side Collision & Tire, Inc.
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2025
|
|
|
44.8
|
|
|
5.1
|
|
|
5.2
|
|
|
—
|
%
|
|||
|
Duttakrupa, LLC dba Birmingham Motor Court
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
9/8/2023
|
|
|
98.8
|
|
|
12.9
|
|
|
13.0
|
|
|
0.01
|
%
|
|||
|
Deesha Corporation, Inc. dba Best Inn & Suites
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
2/14/2025
|
|
|
250.0
|
|
|
28.7
|
|
|
28.9
|
|
|
0.01
|
%
|
|||
|
Maruti, Inc
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
11/25/2024
|
|
|
220.0
|
|
|
26.7
|
|
|
26.8
|
|
|
0.01
|
%
|
|||
|
Willington Hills Equestrian Center LLC
|
|
Animal Production and Aquaculture
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/19/2022
|
|
|
85.0
|
|
|
13.0
|
|
|
13.3
|
|
|
0.01
|
%
|
|||
|
LABH, Inc. t/a Ramada Ltd.
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
9/27/2024
|
|
|
555.0
|
|
|
42.9
|
|
|
43.1
|
|
|
0.02
|
%
|
|||
|
Randall D. & Patricia D. Casaburi dba Pat's Pizzazz
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/13/2023
|
|
|
68.8
|
|
|
7.5
|
|
|
7.6
|
|
|
—
|
%
|
|||
|
Gain Laxmi, Inc. dba Super 8 Motel
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
5/31/2023
|
|
|
202.5
|
|
|
21.3
|
|
|
21.4
|
|
|
0.01
|
%
|
|||
|
Naseeb Corporation
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
3/31/2024
|
|
|
402.5
|
|
|
31.5
|
|
|
31.7
|
|
|
0.02
|
%
|
|||
|
Stillwell Ave Prep School
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/14/2023
|
|
|
72.0
|
|
|
6.8
|
|
|
6.9
|
|
|
—
|
%
|
|||
|
Karis, Inc.
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2%
|
|
12/22/2023
|
|
|
148.8
|
|
|
14.2
|
|
|
14.2
|
|
|
0.01
|
%
|
|||
|
Five Corners, Ltd.
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2019
|
|
|
85.0
|
|
|
5.4
|
|
|
5.5
|
|
|
—
|
%
|
|||
|
Alyssa Corp dba Knights Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
9/30/2023
|
|
|
350.0
|
|
|
43.2
|
|
|
43.4
|
|
|
0.02
|
%
|
|||
|
Bhailal Patel dba New Falls Motel
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2023
|
|
|
100.0
|
|
|
4.1
|
|
|
4.2
|
|
|
—
|
%
|
|||
|
Pegasus Automotive, Inc.
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2022
|
|
|
112.5
|
|
|
11.7
|
|
|
11.9
|
|
|
0.01
|
%
|
|||
|
Delyannis Iron Works
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
6%
|
|
12/8/2022
|
|
|
16.0
|
|
|
1.2
|
|
|
1.2
|
|
|
—
|
%
|
|||
|
P. Agrino, Inc. dba Andover Diner
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/18/2021
|
|
|
150.0
|
|
|
10.4
|
|
|
10.6
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Golden Elevator Co., Inc.
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/31/2022
|
|
|
50.0
|
|
|
1.1
|
|
|
1.1
|
|
|
—
|
%
|
|||
|
RJS Service Corporation
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/20/2021
|
|
|
79.0
|
|
|
6.8
|
|
|
6.9
|
|
|
—
|
%
|
|||
|
Chez Rurene Bakery
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/20/2017
|
|
|
150.0
|
|
|
20.0
|
|
|
20.0
|
|
|
0.01
|
%
|
|||
|
Total Performing SBA Unguaranteed Investments
|
|
|
|
|
|
|
|
|
|
$
|
203,715.6
|
|
|
$
|
176,568.6
|
|
|
$
|
173,297.4
|
|
|
84.77
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Non-Performing SBA Unguaranteed Investments
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
*214 North Franklin, LLC and Winter Ventures, Inc.
|
|
Nonstore Retailers
|
|
Term Loan
|
|
6%
|
|
11/29/2037
|
|
|
133.4
|
|
|
133.5
|
|
|
62.0
|
|
|
0.03
|
%
|
|||
|
*A + Quality Home Health Care, Inc.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
8/1/2016
|
|
|
1.3
|
|
|
1.3
|
|
|
1.3
|
|
|
—
|
%
|
|||
|
Almeria Marketing 1, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
7.75%
|
|
10/15/2015
|
|
|
4.5
|
|
|
4.5
|
|
|
4.2
|
|
|
—
|
%
|
|||
|
*AUM Estates, LLC and Sculpted Figures Plastic Surgery Inc.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
3/14/2038
|
|
|
305.3
|
|
|
305.7
|
|
|
29.6
|
|
|
0.01
|
%
|
|||
|
*AWA Fabrication & Construction, L.L.C.
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
6%
|
|
4/30/2025
|
|
|
34.7
|
|
|
34.8
|
|
|
21.3
|
|
|
0.01
|
%
|
|||
|
*B&B Fitness and Barbell, Inc. dba Elevations Health Club
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
6%
|
|
6/22/2035
|
|
|
216.2
|
|
|
216.5
|
|
|
134.2
|
|
|
0.07
|
%
|
|||
|
*Baker Sales, Inc. d/b/a Baker Sales, Inc.
|
|
Nonstore Retailers
|
|
Term Loan
|
|
6%
|
|
3/29/2036
|
|
|
177.0
|
|
|
177.4
|
|
|
97.5
|
|
|
0.05
|
%
|
|||
|
*Barnum Printing & Publishing, Co.
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
6%
|
|
7/29/2015
|
|
|
2.6
|
|
|
2.6
|
|
|
—
|
|
|
—
|
%
|
|||
|
*BCD Enterprises, LLC dba Progressive Tool and Nutmeg Tool
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
6%
|
|
6/22/2026
|
|
|
290.2
|
|
|
290.9
|
|
|
—
|
|
|
—
|
%
|
|||
|
Bwms Management, LLC
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
7/7/2027
|
|
|
71.7
|
|
|
71.8
|
|
|
62.0
|
|
|
0.03
|
%
|
||||
|
*Al-Mustafa Enterprise, Inc. and Al-Mustafa Enterprise Inc
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2040
|
|
|
133.7
|
|
|
133.8
|
|
|
122.9
|
|
|
0.06
|
%
|
|||
|
*Chickamauga Properties,Inc., MSW Enterprises, LLP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2035
|
|
|
169.2
|
|
|
169.4
|
|
|
160.4
|
|
|
0.08
|
%
|
|||
|
*Chickamauga Properties, Inc., MSW Enterprises, LLP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2035
|
|
|
66.6
|
|
|
66.7
|
|
|
51.1
|
|
|
0.02
|
%
|
|||
|
*Chickamauga Properties, Inc. and MSW Enterprises, LLP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/19/2022
|
|
|
43.4
|
|
|
43.5
|
|
|
—
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
*Custom Software, Inc. a Colorado Corporation dba M-33 Access
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2021
|
|
|
288.5
|
|
|
289.2
|
|
|
278.9
|
|
|
0.14
|
%
|
||||
|
*Custom Software, Inc. a Colorado Corporation dba M-33 Access
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/30/2022
|
|
|
94.1
|
|
|
94.3
|
|
|
91.0
|
|
|
0.04
|
%
|
|||
|
*Danjam Enterprises, LLC dba Ariel Dental Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
3/31/2035
|
|
|
180.5
|
|
|
180.7
|
|
|
174.3
|
|
|
0.09
|
%
|
|||
|
*Danjam Enterprises, LLC dba Ariel Dental Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
3/29/2023
|
|
|
64.7
|
|
|
64.8
|
|
|
51.0
|
|
|
0.02
|
%
|
|||
|
*Danjam Enterprises, LLC dba Ariel Dental Care
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
3/30/2021
|
|
|
2.3
|
|
|
2.3
|
|
|
—
|
|
|
—
|
%
|
||||
|
DC Realty, LLC dba FOGO Data Centers
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
6%
|
|
3/23/2037
|
|
|
677.0
|
|
|
678.6
|
|
|
597.6
|
|
|
0.29
|
%
|
|||
|
DC Realty, LLC dba FOGO Data Centers
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
6.25%
|
|
3/23/2022
|
|
|
186.0
|
|
|
186.4
|
|
|
171.0
|
|
|
0.08
|
%
|
|||
|
*Dean 1021 LLC dba Pure Pita
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2025
|
|
|
69.2
|
|
|
69.4
|
|
|
1.8
|
|
|
—
|
%
|
|||
|
*Dill Street Bar and Grill Inc and WO Entertainment, Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
9/27/2027
|
|
|
78.2
|
|
|
78.4
|
|
|
1.1
|
|
|
—
|
%
|
|||
|
Dixie Transport, Inc. & Johnny D. Brown & Jimmy Brown & Maudain Brown
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
5.25%
|
|
12/28/2035
|
|
|
138.8
|
|
|
139.0
|
|
|
88.0
|
|
|
0.04
|
%
|
|||
|
*DocMagnet Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
6%
|
|
1/23/2025
|
|
|
13.9
|
|
|
13.9
|
|
|
4.7
|
|
|
—
|
%
|
|||
|
*Dr. Francis E. Anders, DVM
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
6%
|
|
8/9/2015
|
|
|
1.6
|
|
|
1.6
|
|
|
1.5
|
|
|
—
|
%
|
|||
|
E.W. Ventures, Inc. dba Swift Cleaners & Laundry
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
0%
|
|
4/18/2017
|
|
|
90.3
|
|
|
90.5
|
|
|
6.8
|
|
|
—
|
%
|
|||
|
*Elite Treats Enterprises, Inc. dba Rochelle Dairy Queen
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
1/24/2032
|
|
|
49.0
|
|
|
49.0
|
|
|
7.2
|
|
|
—
|
%
|
|||
|
*Europlast Ltd
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
6%
|
|
9/26/2022
|
|
|
320.8
|
|
|
321.6
|
|
|
41.5
|
|
|
0.02
|
%
|
|||
|
*Europlast Ltd
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
6%
|
|
5/31/2023
|
|
|
155.2
|
|
|
155.6
|
|
|
114.5
|
|
|
0.06
|
%
|
|||
|
Event Mecca LLC
|
|
Other Information Services
|
|
Term Loan
|
|
6%
|
|
4/10/2023
|
|
|
12.7
|
|
|
12.7
|
|
|
9.0
|
|
|
—
|
%
|
|||
|
*EZ Towing, Inc.
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
6%
|
|
1/31/2023
|
|
|
123.2
|
|
|
123.5
|
|
|
111.4
|
|
|
0.05
|
%
|
|||
|
*Gator Communications Group LLC dba Harvard Printing Group
|
|
Printing and Related Support Activities
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2021
|
|
|
340.4
|
|
|
341.3
|
|
|
323.2
|
|
|
0.16
|
%
|
||||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
*Gator Communications Group LLC dba Harvard Printing Group
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2022
|
|
|
316.5
|
|
|
317.3
|
|
|
300.5
|
|
|
0.15
|
%
|
|||
|
*Gator Communications Group LLC dba Harvard Printing Group
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/25/2022
|
|
|
157.4
|
|
|
157.8
|
|
|
26.7
|
|
|
0.01
|
%
|
|||
|
*Gator Communications Group, LLC dba Harvard Printing Group
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2023
|
|
|
13.3
|
|
|
13.3
|
|
|
—
|
|
|
—
|
%
|
|||
|
Goetzke Chiropractic, Inc.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
10/25/2017
|
|
|
2.8
|
|
|
2.8
|
|
|
2.6
|
|
|
—
|
%
|
|||
|
Gotta Dance Studio, Inc. dba Gotta Dance Studio Academy of Performing
|
|
Educational Services
|
Term Loan
|
|
6%
|
|
11/16/2016
|
|
|
3.7
|
|
|
3.7
|
|
|
3.6
|
|
|
—
|
%
|
||||
|
*Grand Manor Realty, Inc. & Kevin LaRoe
|
|
Real Estate
|
|
Term Loan
|
|
6%
|
|
2/20/2023
|
|
|
18.9
|
|
|
19.0
|
|
|
18.3
|
|
|
0.01
|
%
|
|||
|
Groundworks Unlimited LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
12/17/2023
|
|
|
79.3
|
|
|
79.4
|
|
|
72.7
|
|
|
0.04
|
%
|
|||
|
*Gurtej Singh and Ranjit Kaur dba Food Fair Market
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2025
|
|
|
21.2
|
|
|
21.2
|
|
|
2.0
|
|
|
—
|
%
|
|||
|
Guzman Group,LLC
|
|
Rental and Leasing Services
|
Term Loan
|
|
6%
|
|
1/30/2016
|
|
|
192.9
|
|
|
193.4
|
|
|
191.9
|
|
|
0.09
|
%
|
||||
|
*Hamer Road Auto Salvage, LLC and Scott T. Cook and Nikki J. Cook
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
6%
|
|
8/8/2039
|
|
|
185.7
|
|
|
186.2
|
|
|
182.8
|
|
|
0.09
|
%
|
|||
|
*Harrelson Materials Management,Inc
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
6%
|
|
6/24/2021
|
|
|
464.5
|
|
|
465.7
|
|
|
37.3
|
|
|
0.02
|
%
|
|||
|
*Home Again Restaurant LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
58.7
|
|
|
58.8
|
|
|
54.7
|
|
|
0.03
|
%
|
|||
|
*Hybrid Racing LLC.
|
|
Transportation Equipment Manufacturing
|
|
Term Loan
|
|
6%
|
|
5/15/2023
|
|
|
73.4
|
|
|
73.6
|
|
|
5.5
|
|
|
—
|
%
|
|||
|
Integrity Sports Group, LLC
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
6%
|
|
3/6/2018
|
|
|
8.6
|
|
|
8.6
|
|
|
7.8
|
|
|
—
|
%
|
|||
|
Island Nautical Enterprises, Inc. (OC) and Ingwall Holdings, LLC (EPC)
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/14/2038
|
|
|
305.5
|
|
|
306.2
|
|
|
244.2
|
|
|
0.12
|
%
|
|||
|
*J Olson Enterprises LLC and Olson Trucking Direct, Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
6%
|
|
6/28/2025
|
|
|
647.5
|
|
|
649.1
|
|
|
271.1
|
|
|
0.13
|
%
|
|||
|
*Jenny's Wunderland, Inc.
|
|
Social Assistance
|
|
Term Loan
|
|
6%
|
|
6/29/2036
|
|
|
149.7
|
|
|
150.1
|
|
|
75.5
|
|
|
0.04
|
%
|
|||
|
*Karykion, Corporation dba Karykion Corporation
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
6%
|
|
6/28/2022
|
|
|
144.4
|
|
|
144.8
|
|
|
134.6
|
|
|
0.07
|
%
|
|||
|
*Krishna of Orangeburg, Inc.
|
|
Accommodation
|
|
Term Loan
|
|
6%
|
|
2/20/2032
|
|
|
10.3
|
|
|
10.3
|
|
|
5.7
|
|
|
—
|
%
|
|||
|
*Las Torres Development LLC dba Houston Event Centers
|
|
Real Estate
|
|
Term Loan
|
|
6%
|
|
8/27/2028
|
|
|
51.0
|
|
|
51.0
|
|
|
6.3
|
|
|
—
|
%
|
|||
|
*Lucil Chhor dba Baja Fresh #159
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
12/28/2022
|
|
|
30.0
|
|
|
30.0
|
|
|
—
|
|
|
—
|
%
|
|||
|
*Milliken and Milliken, Inc. dba Milliken Wholesale Distribution
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
6%
|
|
6/10/2036
|
|
|
152.8
|
|
|
152.9
|
|
|
118.8
|
|
|
0.06
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
*Mojo Brands Media, LLC
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
6%
|
|
8/28/2023
|
|
|
725.6
|
|
|
727.5
|
|
|
396.4
|
|
|
0.19
|
%
|
|||
|
*Morris Glass and Construction
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
3/7/2021
|
|
|
44.8
|
|
|
44.8
|
|
|
3.0
|
|
|
—
|
%
|
|||
|
*New Paltz Dental Care, PLLC dba Ariel Dental Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
6/19/2025
|
|
|
97.3
|
|
|
97.5
|
|
|
—
|
|
|
—
|
%
|
|||
|
*Opes Campitor Corporation dba Frux Documents
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
6%
|
|
5/20/2025
|
|
|
15.9
|
|
|
15.9
|
|
|
4.6
|
|
|
—
|
%
|
|||
|
*Our Two Daughters L.L.C. dba Washington's Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
6/18/2026
|
|
|
169.8
|
|
|
170.3
|
|
|
22.9
|
|
|
0.01
|
%
|
|||
|
*E & I Holdings, LP & PA Farm Products, LLC
|
|
Food Manufacturing
|
|
Term Loan
|
|
6%
|
|
4/30/2030
|
|
|
1,234.0
|
|
|
1,237.1
|
|
|
506.7
|
|
|
0.25
|
%
|
|||
|
*Parth Dev, Ltd dba Amerihost Inn Hotel-Kenton
|
|
Accommodation
|
|
Term Loan
|
|
5.25%
|
|
10/3/2028
|
|
|
38.3
|
|
|
38.3
|
|
|
12.4
|
|
|
0.01
|
%
|
|||
|
*Professional Systems, LLC and Professional Cleaning
|
|
Administrative and Support Services
|
|
Term Loan
|
|
6%
|
|
8/26/2024
|
|
|
132.0
|
|
|
132.1
|
|
|
10.4
|
|
|
0.01
|
%
|
|||
|
Pure Water Innovations, LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
9/6/2016
|
|
|
0.1
|
|
|
0.1
|
|
|
0.1
|
|
|
—
|
%
|
|||
|
*Route 130 SCPI Holdings LLC (EPC) Route 130 SCPI Operations LLC (OC)
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2039
|
|
|
535.1
|
|
|
536.4
|
|
|
360.5
|
|
|
0.18
|
%
|
|||
|
*Sheikh M Tariq dba Selbyville Foodrite
|
|
Gasoline Stations
|
|
Term Loan
|
|
6%
|
|
3/13/2023
|
|
|
21.2
|
|
|
21.2
|
|
|
0.1
|
|
|
—
|
%
|
|||
|
Shivsakti, LLC dba Knights Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2032
|
|
|
69.7
|
|
|
69.9
|
|
|
62.2
|
|
|
0.03
|
%
|
|||
|
*Signs of Fortune, LLC dba FastSigns
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
4/3/2023
|
|
|
227.2
|
|
|
227.8
|
|
|
—
|
|
|
—
|
%
|
|||
|
*STK Ventures Inc dba JP Dock Service & Supply
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
5/9/2037
|
|
|
31.6
|
|
|
31.6
|
|
|
6.7
|
|
|
—
|
%
|
|||
|
Stokes Floor Covering Company Inc. and Robert E. Rainey, Jr.
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
6%
|
|
12/29/2035
|
|
|
106.8
|
|
|
106.9
|
|
|
93.9
|
|
|
0.05
|
%
|
|||
|
*Stormwise South Florida dba Stormwise Shutters
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
11/7/2036
|
|
|
405.7
|
|
|
406.7
|
|
|
335.2
|
|
|
0.16
|
%
|
|||
|
*Stormwise South Florida dba Stormwise Shutters
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
11/7/2036
|
|
|
200.2
|
|
|
200.7
|
|
|
—
|
|
|
—
|
%
|
|||
|
*Summit Treatment Services Inc
|
|
Social Assistance
|
|
Term Loan
|
|
6%
|
|
3/11/2025
|
|
|
21.8
|
|
|
21.8
|
|
|
—
|
|
|
—
|
%
|
|||
|
*Summit Treatment Services, Inc. dba Summit Treatment Services
|
|
Social Assistance
|
|
Term Loan
|
|
6%
|
|
11/30/2037
|
|
|
129.3
|
|
|
129.6
|
|
|
111.1
|
|
|
0.05
|
%
|
|||
|
*David M. Goens dba Superior Auto Paint & Body, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
6%
|
|
8/26/2024
|
|
|
15.7
|
|
|
15.7
|
|
|
15.1
|
|
|
0.01
|
%
|
|||
|
*Tequila Beaches, LLC dba Fresco Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
9/16/2021
|
|
|
0.5
|
|
|
0.5
|
|
|
—
|
|
|
—
|
%
|
|||
|
The Lucky Coyote, LLC
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
6%
|
|
5/8/2017
|
|
|
8.2
|
|
|
8.3
|
|
|
8.2
|
|
|
—
|
%
|
|||
|
*Sunmar, Inc. dba Creative Cooking
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
8/19/2035
|
|
|
47.1
|
|
|
47.2
|
|
|
44.7
|
|
|
0.02
|
%
|
|||
|
*Will Zac Management LLC dba Papa John's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2024
|
|
|
42.4
|
|
|
42.5
|
|
|
39.6
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
*Winter Ventures Inc and 214 N Franklin LLC
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2024
|
|
|
56.5
|
|
|
56.6
|
|
|
—
|
|
|
—
|
%
|
|||
|
*Winter Ventures Inc dba Qualitybargainbooks and Qualitybargainmall
|
|
Nonstore Retailers
|
|
Term Loan
|
|
6%
|
|
12/23/2024
|
|
|
149.1
|
|
|
149.3
|
|
|
—
|
|
|
—
|
%
|
|||
|
*Winter Ventures Inc dba Qualitybargainbooks and Qualitybargainmall
|
|
Nonstore Retailers
|
|
Term Loan
|
|
6%
|
|
4/3/2029
|
|
|
134.4
|
|
|
134.5
|
|
|
—
|
|
|
—
|
%
|
|||
|
Total Non-Performing SBA Unguaranteed Investments
|
|
|
|
|
|
|
|
|
|
$
|
12,284.6
|
|
|
$
|
12,311.2
|
|
|
$
|
6,617.4
|
|
|
3.24
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Total SBA Unguaranteed Investments
|
|
|
|
|
|
|
|
|
|
$
|
216,000.2
|
|
|
$
|
188,879.8
|
|
|
$
|
179,914.8
|
|
|
88.01
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Performing SBA Guaranteed Investments
(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Jumbomarkets Inc.
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2026
|
|
|
200.0
|
|
|
150.0
|
|
|
167.0
|
|
|
0.08
|
%
|
|||
|
Edge Pest Control LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2026
|
|
|
3,000.0
|
|
|
2,250.0
|
|
|
2,495.8
|
|
|
1.22
|
%
|
|||
|
E&P Holdings 1, LLC
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2026
|
|
|
500.0
|
|
|
375.0
|
|
|
417.7
|
|
|
0.20
|
%
|
|||
|
Castone Creations Inc.
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2026
|
|
|
350.0
|
|
|
262.5
|
|
|
292.4
|
|
|
0.14
|
%
|
|||
|
O D S, Inc.
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2026
|
|
|
1,400.0
|
|
|
1,260.0
|
|
|
1,401.2
|
|
|
0.69
|
%
|
|||
|
Hartford Cardiology Group, LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
1,930.0
|
|
|
1,447.5
|
|
|
1,607.8
|
|
|
0.79
|
%
|
|||
|
Martin Inventory Management, LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
423.0
|
|
|
317.3
|
|
|
353.3
|
|
|
0.17
|
%
|
|||
|
VMA Technologies LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
150.0
|
|
|
127.5
|
|
|
142.8
|
|
|
0.07
|
%
|
|||
|
P.L.H. Pharmaco, Inc. dba Farmacia San Jose
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
700.0
|
|
|
525.0
|
|
|
584.7
|
|
|
0.29
|
%
|
|||
|
La Nopalera Mexicano 2, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2026
|
|
|
375.2
|
|
|
281.4
|
|
|
313.3
|
|
|
0.15
|
%
|
|||
|
Doxa Deo Inc. Luv 2 Play
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2026
|
|
|
228.0
|
|
|
171.0
|
|
|
190.5
|
|
|
0.09
|
%
|
|||
|
PennyLion LLC dba Creamistry
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/25/2026
|
|
|
225.0
|
|
|
168.8
|
|
|
187.9
|
|
|
0.09
|
%
|
|||
|
AVF Construction
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2041
|
|
|
354.0
|
|
|
265.5
|
|
|
300.0
|
|
|
0.15
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Refoleen Inc. dba Spice & Tea Exchange
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/10/2026
|
|
|
185.0
|
|
|
138.8
|
|
|
154.5
|
|
|
0.08
|
%
|
|||
|
Shooting Sports Academy LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2041
|
|
|
415.0
|
|
|
311.3
|
|
|
351.0
|
|
|
0.17
|
%
|
|||
|
Nevey's LLC dba Stark Food III
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2041
|
|
|
638.5
|
|
|
478.9
|
|
|
540.6
|
|
|
0.26
|
%
|
|||
|
Desert Tacos
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2026
|
|
|
147.2
|
|
|
110.4
|
|
|
122.9
|
|
|
0.06
|
%
|
|||
|
Total SBA Guaranteed Performing Investments
|
|
|
|
|
|
|
|
|
|
$
|
11,220.9
|
|
|
$
|
8,640.9
|
|
|
$
|
9,623.4
|
|
|
4.71
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Total SBA Unguaranteed and Guaranteed Investments
|
|
|
|
|
|
|
|
|
|
$
|
227,221.1
|
|
|
$
|
197,520.7
|
|
|
$
|
189,538.2
|
|
|
92.72
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Controlled Investments
(5)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Advanced Cyber Security Systems, LLC
(6), (15)
|
|
Data processing, hosting and related services.
|
|
50% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
|
|
|
|
Term Loan
|
|
3%
|
|
December 2014
|
|
1,120.0
|
|
|
381.0
|
|
|
—
|
|
|
—
|
%
|
||||
|
*Automated Merchant Services, Inc.
(7), (15)
|
|
Data processing, hosting and related services.
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
CDS Business Services, Inc.
(8)
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
4,428.0
|
|
|
700.0
|
|
|
0.34
|
%
|
|||
|
|
|
|
|
Line of Credit
|
|
Prime plus 2.5%
|
|
August 2018
|
|
1,870.0
|
|
|
1,870.0
|
|
|
1,870.0
|
|
|
|
|||||
|
CrystalTech Web Hosting, Inc.
(11)
|
|
Data processing, hosting and related services.
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
8,764.0
|
|
|
21,413.9
|
|
|
10.48
|
%
|
|||
|
Exponential Business Development Co. Inc.
(15)
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
*Fortress Data Management, LLC
(15)
|
|
Data processing, hosting and related services.
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
Newtek Insurance Agency, LLC
(12), (15)
|
|
Insurance Carriers and Related Activities
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,500.0
|
|
|
1.22
|
%
|
|||
|
PMTWorks Payroll, LLC
(9)
|
|
Data processing, hosting and related services.
|
|
90% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
700.1
|
|
|
1,020.0
|
|
|
0.50
|
%
|
|||
|
|
|
|
|
Term Loan
|
|
10%-12%
|
|
Various maturities through May 2018
|
|
1,685.0
|
|
|
1,685.0
|
|
|
1,185.0
|
|
|
0.58
|
%
|
||||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS JUNE 30, 2016 (UNAUDITED)
(In Thousands)
|
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Secure CyberGateway Services, LLC
(10), (15)
|
|
Data processing, hosting and related services.
|
|
66.7% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
|
|
|
|
Term Loan
|
|
7%
|
|
December 2016
|
|
2,400.0
|
|
|
600.0
|
|
|
598.0
|
|
|
0.29
|
%
|
||||
|
Small Business Lending, LLC
(12), (15)
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,500.0
|
|
|
2.20
|
%
|
|||
|
*Summit Systems and Designs, LLC
(13), (15)
|
|
Data processing, hosting and related services.
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
ADR Partners, LLC dba banc-serv Partners, LLC
(14)
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
5,400.0
|
|
|
5,400.0
|
|
|
2.64
|
%
|
|||
|
Premier Payments LLC
(11)
|
|
Data processing, hosting and related services.
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
16,503.0
|
|
|
19,750.0
|
|
|
9.66
|
%
|
|||
|
Universal Processing Services of Wisconsin, LLC
(11) (15)
|
|
Data processing, hosting and related services.
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
56,148.0
|
|
|
27.47
|
%
|
|||
|
Total Controlled Investments
|
|
|
|
|
|
|
|
|
|
$
|
7,075.0
|
|
|
$
|
40,331.1
|
|
|
$
|
115,084.9
|
|
|
56.30
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Non-control/Non-affiliate Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Titanium Asset Management LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
3%
|
|
July 2017
|
|
$
|
2,200.0
|
|
|
$
|
1,213.0
|
|
|
$
|
1,146.0
|
|
|
0.56
|
%
|
|
|
|
|
|
|
Warrants
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
|
|
|
|
|
|
|
|
|
|
$
|
2,200.0
|
|
|
$
|
1,213.0
|
|
|
$
|
1,146.0
|
|
|
0.56
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Investments in Money Market Funds
|
|
|
|
|
|
|
|
|
|
$
|
—
|
|
|
$
|
35.0
|
|
|
$
|
35.0
|
|
|
0.02
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Total Investments
|
|
|
|
|
|
|
|
|
|
$
|
236,496.1
|
|
|
$
|
239,099.8
|
|
|
$
|
305,804.1
|
|
|
149.59
|
%
|
|
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Performing SBA Unguaranteed Investments
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Bright Dialysis LLC and Ft Pierce Kidney Care LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2025
|
|
|
$
|
1,250.0
|
|
|
$
|
1,250.0
|
|
|
$
|
1,056.6
|
|
|
0.52
|
%
|
|
Return to Excellence, Inc. dba The Waynesville Inn Golf & Spa
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/10/2039
|
|
|
1,250.0
|
|
|
1,233.3
|
|
|
1,252.8
|
|
|
0.61
|
%
|
|||
|
Kingseal LLC dba Desoto Health and Rehab Center
|
|
Nursing and Residential Care Facilities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/26/2040
|
|
|
1,250.0
|
|
|
1,233.3
|
|
|
1,253.1
|
|
|
0.61
|
%
|
|||
|
The Camera House Inc
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2025
|
|
|
1,250.0
|
|
|
1,226.7
|
|
|
1,116.1
|
|
|
0.55
|
%
|
|||
|
KW Zion, LLC and Key West Gallery Inc
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/12/2039
|
|
|
1,250.0
|
|
|
1,223.7
|
|
|
1,207.8
|
|
|
0.59
|
%
|
|||
|
Ohs Auto Body, Inc. dba Ohs Body Shop
|
|
Repair and Maintenance
|
|
Term Loan
|
|
7.22%
|
|
6/25/2040
|
|
|
1,207.5
|
|
|
1,205.1
|
|
|
1,151.0
|
|
|
0.56
|
%
|
|||
|
Seven Peaks Mining Inc and Cornerstone Industrial Minerals Corporation
|
|
Mining (except Oil and Gas)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2038
|
|
|
1,250.0
|
|
|
1,204.1
|
|
|
1,168.9
|
|
|
0.57
|
%
|
|||
|
Grey Light Realty, LLC (EPC) NH Precision Metal Fabricators Inc (OC)
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/21/2039
|
|
|
1,226.0
|
|
|
1,198.3
|
|
|
1,170.7
|
|
|
0.57
|
%
|
|||
|
Bowlerama Inc
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/24/2039
|
|
|
1,202.5
|
|
|
1,184.5
|
|
|
1,202.6
|
|
|
0.59
|
%
|
|||
|
Foresite Realty Partners LLC and Foresite Real Estate Holdings LLC
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2025
|
|
|
1,238.3
|
|
|
1,176.0
|
|
|
977.4
|
|
|
0.48
|
%
|
|||
|
The Jewelers Inc. dba The Jewelers of Las Vegas
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2024
|
|
|
1,250.0
|
|
|
1,165.5
|
|
|
978.9
|
|
|
0.48
|
%
|
|||
|
Werthan Packaging Inc.
|
|
Paper Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/14/2025
|
|
|
1,162.5
|
|
|
1,162.5
|
|
|
1,078.2
|
|
|
0.53
|
%
|
|||
|
Shellhorn and Hill Inc dba Total Fleet Service
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2040
|
|
|
1,040.3
|
|
|
1,028.0
|
|
|
945.0
|
|
|
0.46
|
%
|
|||
|
G.W. Fitness Centers, LLC and J.G. Fitness LLC and NP Gym LLC and ANA
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2040
|
|
|
1,025.0
|
|
|
1,025.0
|
|
|
1,044.6
|
|
|
0.51
|
%
|
|||
|
Shweiki Media, Inc. dba Study Breaks Magazine
|
|
Publishing Industries (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/22/2027
|
|
|
1,178.8
|
|
|
976.2
|
|
|
991.8
|
|
|
0.49
|
%
|
|||
|
Tortilla King, Inc.
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/14/2029
|
|
|
1,033.1
|
|
|
975.2
|
|
|
946.5
|
|
|
0.46
|
%
|
|||
|
Yachting Solutions LLC
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2040
|
|
|
962.5
|
|
|
959.7
|
|
|
912.7
|
|
|
0.45
|
%
|
|||
|
R. A. Johnson, Inc. dba Rick Johnson Auto & Tire
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/29/2039
|
|
|
943.8
|
|
|
918.3
|
|
|
944.9
|
|
|
0.46
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Twinsburg Hospitality Group LLC dba Comfort Suites
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2038
|
|
|
945.0
|
|
|
910.1
|
|
|
907.5
|
|
|
0.44
|
%
|
|||
|
Calhoun Satellite Communications Inc and Transmission Solutions Group
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/27/2025
|
|
|
952.8
|
|
|
898.1
|
|
|
782.6
|
|
|
0.38
|
%
|
|||
|
Nirvi Enterprises LLC dba Howard Johnson / Knights Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2039
|
|
|
920.3
|
|
|
896.6
|
|
|
922.6
|
|
|
0.45
|
%
|
|||
|
West Experience,Inc/West Mountain Equipment Rental,Inc/Ski West Lodge
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
6%
|
|
6/5/2026
|
|
|
1,333.0
|
|
|
885.1
|
|
|
909.0
|
|
|
0.45
|
%
|
|||
|
P and D Enterprises Ind dba Wallaby's Liquor Warehouse
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2040
|
|
|
888.9
|
|
|
885.0
|
|
|
865.8
|
|
|
0.42
|
%
|
|||
|
Nutmeg North Associates LLC (OC) Steeltech Building Products Inc
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2038
|
|
|
897.8
|
|
|
883.1
|
|
|
876.8
|
|
|
0.43
|
%
|
|||
|
Premier Athletic Center of Ohio Inc. and Gates Investments and Wade Ga
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2028
|
|
|
882.0
|
|
|
882.0
|
|
|
885.3
|
|
|
0.43
|
%
|
|||
|
Havana Central (NY) 5, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2022
|
|
|
1,166.8
|
|
|
878.5
|
|
|
887.2
|
|
|
0.44
|
%
|
|||
|
New York Home Health Care Equipment, LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
875.0
|
|
|
875.0
|
|
|
847.9
|
|
|
0.42
|
%
|
|||
|
Elite Structures Inc
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/12/2038
|
|
|
932.8
|
|
|
873.5
|
|
|
907.2
|
|
|
0.44
|
%
|
|||
|
Delta Aggregate LLC
|
|
Mining (except Oil and Gas)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2039
|
|
|
911.3
|
|
|
871.5
|
|
|
885.0
|
|
|
0.43
|
%
|
|||
|
Honeyspot Investors LLP and Pace Motor Lines Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2039
|
|
|
875.3
|
|
|
854.5
|
|
|
876.2
|
|
|
0.43
|
%
|
|||
|
2161 Highway 6 Trail, LLC, (EPC) R. H. Hummer JR., Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2026
|
|
|
1,250.0
|
|
|
842.8
|
|
|
858.4
|
|
|
0.42
|
%
|
|||
|
Key Pix Productions Inc. dba Air Bud Entertainment
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2040
|
|
|
839.8
|
|
|
839.8
|
|
|
855.8
|
|
|
0.42
|
%
|
|||
|
Hotels of North Georgia LLC dba Comfort Inn and Suites
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2039
|
|
|
837.5
|
|
|
816.0
|
|
|
838.7
|
|
|
0.41
|
%
|
|||
|
Shepher Distr's and Sales Corp and The Lederer Industries Inc.
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2023
|
|
|
1,050.0
|
|
|
801.8
|
|
|
805.3
|
|
|
0.39
|
%
|
|||
|
Maxwell Place, LLC
|
|
Nursing and Residential Care Facilities
|
|
Term Loan
|
|
6%
|
|
2/28/2016
|
|
|
1,076.8
|
|
|
801.3
|
|
|
802.4
|
|
|
0.39
|
%
|
|||
|
Carpet Exchange of North Texas Inc and Clyde E. Cumbie Jr
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2040
|
|
|
810.0
|
|
|
800.4
|
|
|
804.9
|
|
|
0.39
|
%
|
|||
|
Sovereign Communications LLC
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/7/2024
|
|
|
907.8
|
|
|
784.1
|
|
|
722.7
|
|
|
0.35
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
CBlakeslee Arpaia Chapman, Inc. dba Blakeslee Industrial Services
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/18/2028
|
|
|
875.0
|
|
|
780.5
|
|
|
797.9
|
|
|
0.39
|
%
|
|||
|
T and B Boots Inc dba Takkens
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2025
|
|
|
807.8
|
|
|
767.6
|
|
|
720.3
|
|
|
0.35
|
%
|
|||
|
Recycling Consultants, Inc. and Prairie State Salvage and Recycling Inc
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2027
|
|
|
767.5
|
|
|
760.1
|
|
|
680.7
|
|
|
0.33
|
%
|
|||
|
Advance Case Parts RE Holdings LLC and Advance Case Parts Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2040
|
|
|
758.3
|
|
|
751.5
|
|
|
695.2
|
|
|
0.34
|
%
|
|||
|
D.C. Group, Inc. dba Unique Setting of New York
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/21/2025
|
|
|
750.0
|
|
|
750.0
|
|
|
665.7
|
|
|
0.33
|
%
|
|||
|
Gabrielle Realty, LLC
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/27/2038
|
|
|
757.6
|
|
|
726.6
|
|
|
724.4
|
|
|
0.36
|
%
|
|||
|
Keys Phase One LLC dba The Grand Guesthouse
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2039
|
|
|
736.3
|
|
|
720.8
|
|
|
712.2
|
|
|
0.35
|
%
|
|||
|
Top Cat Ready Mix, LLC, Ples Investments LLC, and Pappy's Sand and
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/28/2025
|
|
|
711.3
|
|
|
707.8
|
|
|
618.5
|
|
|
0.30
|
%
|
|||
|
Willow Springs Golf Course, Inc. & JC Lindsey Family Limited Partners
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2037
|
|
|
755.4
|
|
|
706.5
|
|
|
737.4
|
|
|
0.36
|
%
|
|||
|
J&D Resources, LLC dba Aqua Science
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2024
|
|
|
767.9
|
|
|
701.8
|
|
|
596.5
|
|
|
0.29
|
%
|
|||
|
Almost Home Property LLC and Almost Home Daycare LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/7/2039
|
|
|
715.8
|
|
|
700.7
|
|
|
700.1
|
|
|
0.34
|
%
|
|||
|
Contract Packaging Services Inc dba Superior Pack Group
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/21/2023
|
|
|
851.8
|
|
|
694.6
|
|
|
686.6
|
|
|
0.34
|
%
|
|||
|
Big Apple Entertainment Partners, LLC dba Ripley's Believe it or Not
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2021
|
|
|
1,070.0
|
|
|
692.9
|
|
|
689.2
|
|
|
0.34
|
%
|
|||
|
ATI Jet, Inc.
|
|
Air Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2026
|
|
|
852.8
|
|
|
688.4
|
|
|
700.6
|
|
|
0.34
|
%
|
|||
|
Scent-Sation Inc
|
|
Textile Product Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2040
|
|
|
687.5
|
|
|
685.5
|
|
|
693.5
|
|
|
0.34
|
%
|
|||
|
Empower Autism Academy
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/4/2040
|
|
|
685.0
|
|
|
683.0
|
|
|
695.9
|
|
|
0.34
|
%
|
|||
|
C & G Engines Corp.
|
|
Transportation Equipment Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2021
|
|
|
1,041.5
|
|
|
675.1
|
|
|
676.2
|
|
|
0.33
|
%
|
|||
|
Accent Tag and Label Inc
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2040
|
|
|
665.8
|
|
|
665.8
|
|
|
652.7
|
|
|
0.32
|
%
|
|||
|
IIoka Inc dba New Cloud Networks
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/21/2025
|
|
|
665.0
|
|
|
658.9
|
|
|
554.7
|
|
|
0.27
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Fieldstone Quick Stop LLC(OC) Barber Investments LLC (EPC) Thadius M B
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
676.3
|
|
|
658.3
|
|
|
646.2
|
|
|
0.32
|
%
|
|||
|
Carl R. Bieber, Inc. dba Bieber Tourways/Bieber Transportation/Bieber
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2027
|
|
|
712.5
|
|
|
655.6
|
|
|
662.7
|
|
|
0.32
|
%
|
|||
|
Eagle Aggregate Transportation, LLC and Eagle Pneumatic Transport LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2024
|
|
|
1,250.0
|
|
|
652.9
|
|
|
656.5
|
|
|
0.32
|
%
|
|||
|
LA Diner Inc dba Loukas L A Diner
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2037
|
|
|
677.5
|
|
|
641.2
|
|
|
666.2
|
|
|
0.33
|
%
|
|||
|
Meridian Hotels LLC dba Best Western Jonesboro
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2038
|
|
|
664.5
|
|
|
637.5
|
|
|
654.4
|
|
|
0.32
|
%
|
|||
|
St Lawrence Hotel Corp and Oheka Catering Inc dba Quality Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/24/2040
|
|
|
625.0
|
|
|
623.2
|
|
|
610.9
|
|
|
0.30
|
%
|
|||
|
iFood, Inc. dba Steak N Shake
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2039
|
|
|
629.8
|
|
|
613.6
|
|
|
597.3
|
|
|
0.29
|
%
|
|||
|
Colts V LLC and Nowatzke Service Center, Inc dba Nowatzke Truck & Trai
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2039
|
|
|
601.8
|
|
|
589.1
|
|
|
579.5
|
|
|
0.28
|
%
|
|||
|
Northeast Arkansas Pizza, Inc. dba Domino’s Pizza
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2025
|
|
|
608.0
|
|
|
589.1
|
|
|
493.4
|
|
|
0.24
|
%
|
|||
|
Indy East Smiles Youth Dentistry LLC dba Prime Smile East
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/11/2024
|
|
|
630.2
|
|
|
574.0
|
|
|
479.7
|
|
|
0.24
|
%
|
|||
|
Master CNC Inc & Master Properties LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2038
|
|
|
596.6
|
|
|
573.6
|
|
|
562.8
|
|
|
0.28
|
%
|
|||
|
CLU Amboy, LLC (EPC) and Amboy Group, LLC (OC) dba Tommy Moloney's
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/27/2023
|
|
|
656.3
|
|
|
565.8
|
|
|
568.3
|
|
|
0.28
|
%
|
|||
|
IlOKA Inc dba Microtech Tel and NewCloud Networks
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
687.5
|
|
|
565.5
|
|
|
534.2
|
|
|
0.26
|
%
|
|||
|
ACI Northwest Inc.
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
906.3
|
|
|
560.8
|
|
|
548.7
|
|
|
0.27
|
%
|
|||
|
Bisson Transportation, Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/7/2037
|
|
|
588.1
|
|
|
557.0
|
|
|
577.2
|
|
|
0.28
|
%
|
|||
|
Richards Plumbing and Heating Co., Inc. dba Richards Mechanical
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2040
|
|
|
551.8
|
|
|
547.7
|
|
|
556.6
|
|
|
0.27
|
%
|
|||
|
B and J Catering Inc dba Culinary Solutions
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2040
|
|
|
547.5
|
|
|
547.5
|
|
|
523.5
|
|
|
0.26
|
%
|
|||
|
CML RW Security, LLC
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2025
|
|
|
575.0
|
|
|
546.1
|
|
|
453.9
|
|
|
0.22
|
%
|
|||
|
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/23/2040
|
|
|
1,189.5
|
|
|
546.1
|
|
|
556.5
|
|
|
0.27
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Route 130 SCPI Holdings LLC (EPC) Route 130 SCPI Operations LLC (OC)
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2039
|
|
|
538.8
|
|
|
536.3
|
|
|
505.9
|
|
|
0.25
|
%
|
|||
|
PLES Investements, LLC and John Redder, Pappy Sand & Gravel, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2038
|
|
|
555.3
|
|
|
535.7
|
|
|
534.4
|
|
|
0.26
|
%
|
|||
|
KRN Logistics, LLC,Newsome Trucking, Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2025
|
|
|
543.5
|
|
|
526.6
|
|
|
473.2
|
|
|
0.23
|
%
|
|||
|
PowerWash Plus, Inc. and CJR, LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/30/2038
|
|
|
550.0
|
|
|
523.8
|
|
|
537.3
|
|
|
0.26
|
%
|
|||
|
The Lodin Group LLC and Lodin Health Imaging Inc dba Highlands Breast
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2039
|
|
|
530.3
|
|
|
521.6
|
|
|
480.7
|
|
|
0.24
|
%
|
|||
|
The Grasso Companies LLC and Grasso Pavement Maintenance LLC Veranda
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2025
|
|
|
518.8
|
|
|
512.4
|
|
|
503.8
|
|
|
0.25
|
%
|
|||
|
SBR Technologies d/b/a Color Graphics
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2021
|
|
|
806.2
|
|
|
512.0
|
|
|
517.0
|
|
|
0.25
|
%
|
|||
|
American Diagnostic Imaging, Inc. dba St. Joseph Imaging Center
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2038
|
|
|
537.5
|
|
|
510.2
|
|
|
522.8
|
|
|
0.26
|
%
|
|||
|
The Woods at Bear Creek LLC and Bear Creek Entertainment LLC
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/29/2039
|
|
|
513.3
|
|
|
503.9
|
|
|
511.9
|
|
|
0.25
|
%
|
|||
|
LC Blvd Holdings LLC and Mt Pleasant Wash & Wax LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2040
|
|
|
502.5
|
|
|
502.5
|
|
|
497.9
|
|
|
0.24
|
%
|
|||
|
Thermoplastic Services Inc and Paragon Plastic Sheet, Inc
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2039
|
|
|
500.0
|
|
|
491.8
|
|
|
499.6
|
|
|
0.24
|
%
|
|||
|
Polpo Realty LLC (EPC) & Polpo Restaurant LLC (OC) dba Polpo Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/27/2037
|
|
|
517.5
|
|
|
489.4
|
|
|
508.7
|
|
|
0.25
|
%
|
|||
|
740 Barry Street Realty LLC and Wild Edibles Inc
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/10/2040
|
|
|
492.5
|
|
|
485.9
|
|
|
493.7
|
|
|
0.24
|
%
|
|||
|
200 North 8th Street Associates LLC and Enchanted Acres Farm
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/4/2028
|
|
|
494.6
|
|
|
484.0
|
|
|
484.5
|
|
|
0.24
|
%
|
|||
|
636 South Center Holdings, LLC and New Mansfield Brass and Aluminum Co
|
|
Primary Metal Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2039
|
|
|
497.5
|
|
|
482.3
|
|
|
496.1
|
|
|
0.24
|
%
|
|||
|
Macho LLC (EPC) Madelaine Chocolate Novelties Inc(OC) dba The Madelai
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2037
|
|
|
500.0
|
|
|
474.5
|
|
|
493.2
|
|
|
0.24
|
%
|
|||
|
401 JJS Corporation and G. Randazzo Corporation
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2039
|
|
|
473.5
|
|
|
469.9
|
|
|
464.8
|
|
|
0.23
|
%
|
|||
|
Heartland American Properties LLC and Skaggs RV Outlet LLC
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2039
|
|
|
479.0
|
|
|
469.7
|
|
|
461.5
|
|
|
0.23
|
%
|
|||
|
Nikobella Properties LLC and JPO Inc dba Village Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/25/2039
|
|
|
476.3
|
|
|
464.0
|
|
|
468.6
|
|
|
0.23
|
%
|
|||
|
Firm Foundations Inc. David S Gaitan Jr and Christopher K Daigle
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/3/2023
|
|
|
545.8
|
|
|
463.8
|
|
|
442.9
|
|
|
0.22
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Wired LLC and Moulison North Corporation
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2024
|
|
|
500.0
|
|
|
463.4
|
|
|
441.2
|
|
|
0.22
|
%
|
|||
|
J. Kinderman & Sons, Inc. dba Brite Star Manufacturing Company
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2036
|
|
|
495.0
|
|
|
458.3
|
|
|
478.0
|
|
|
0.23
|
%
|
|||
|
Capital Scrap Metal, LLC and Powerline Investment, LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2038
|
|
|
500.0
|
|
|
452.8
|
|
|
470.8
|
|
|
0.23
|
%
|
|||
|
River Club Golf Course Inc dba The River Club
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2038
|
|
|
475.2
|
|
|
450.2
|
|
|
463.2
|
|
|
0.23
|
%
|
|||
|
Eastside Soccer Dome, Inc .
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2038
|
|
|
463.8
|
|
|
444.8
|
|
|
457.3
|
|
|
0.22
|
%
|
|||
|
Amboy Group, LLC dba Tommy's Moloney's
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2025
|
|
|
454.0
|
|
|
443.0
|
|
|
441.4
|
|
|
0.22
|
%
|
|||
|
6 Price Avenue, LLC and Pauley Tree & Lawn Care, Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/24/2039
|
|
|
452.5
|
|
|
443.0
|
|
|
402.5
|
|
|
0.20
|
%
|
|||
|
Sandlot Ventures LLC and Sandbox Ventures LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2040
|
|
|
442.5
|
|
|
441.2
|
|
|
420.4
|
|
|
0.21
|
%
|
|||
|
ENI Inc, Event Networks Inc, ENI Worldwide LLC and Spot Shop Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/25/2024
|
|
|
500.0
|
|
|
438.7
|
|
|
400.8
|
|
|
0.20
|
%
|
|||
|
Hodges Properties LLC and Echelon Enterprises Inc dba Treads Bicycle
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2039
|
|
|
449.0
|
|
|
435.3
|
|
|
441.4
|
|
|
0.22
|
%
|
|||
|
SDA Holdings LLC and Les Cheveux Salon Inc
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/15/2040
|
|
|
428.8
|
|
|
428.8
|
|
|
413.8
|
|
|
0.20
|
%
|
|||
|
Flooring Liquidators Inc and Flooring Liquidators of Mt Kisco LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2025
|
|
|
437.5
|
|
|
423.9
|
|
|
411.6
|
|
|
0.20
|
%
|
|||
|
Mid-South Lumber Co. of Northwest Florida, Inc.
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2040
|
|
|
428.8
|
|
|
423.7
|
|
|
389.5
|
|
|
0.19
|
%
|
|||
|
S&P Holdings of Daytona LLC (EPC) S&P Corporation of Daytona Beach
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2039
|
|
|
433.5
|
|
|
421.8
|
|
|
428.3
|
|
|
0.21
|
%
|
|||
|
Tavern Properties LLC and Wildwood Tavern LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2039
|
|
|
425.0
|
|
|
418.8
|
|
|
411.2
|
|
|
0.20
|
%
|
|||
|
Sherill Universal City dba Golden Corral
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/28/2038
|
|
|
440.5
|
|
|
418.3
|
|
|
429.6
|
|
|
0.21
|
%
|
|||
|
Wilban LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/28/2039
|
|
|
427.5
|
|
|
415.6
|
|
|
419.8
|
|
|
0.21
|
%
|
|||
|
Sound Manufacturing, Inc. and Monster Power Equipment Inc.
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/15/2023
|
|
|
523.0
|
|
|
411.4
|
|
|
408.2
|
|
|
0.20
|
%
|
|||
|
J&K Fitness, LLC dba Physiques Womens Fitness Center
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/8/2036
|
|
|
449.3
|
|
|
411.3
|
|
|
429.0
|
|
|
0.21
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Import Car Connection Inc dba Car Connection
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/16/2040
|
|
|
407.5
|
|
|
406.3
|
|
|
407.6
|
|
|
0.20
|
%
|
|||
|
R & R Boyal LLC dba Cap N Cat Clam Bar and Little Ease Tavern
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2039
|
|
|
417.5
|
|
|
404.3
|
|
|
404.7
|
|
|
0.20
|
%
|
|||
|
920 CHR Realty LLC (EPC) V. Garofalo Carting Inc (OC)
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/10/2038
|
|
|
418.1
|
|
|
403.4
|
|
|
414.8
|
|
|
0.20
|
%
|
|||
|
Utek Corporation dba Arcade Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/22/2039
|
|
|
405.5
|
|
|
402.1
|
|
|
404.7
|
|
|
0.20
|
%
|
|||
|
RIM Investments LLC and RIM Architects LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2040
|
|
|
399.0
|
|
|
397.8
|
|
|
384.7
|
|
|
0.19
|
%
|
|||
|
Zane Filippone Co Inc dba Culligan Water Conditioning
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/12/2022
|
|
|
558.2
|
|
|
397.1
|
|
|
400.0
|
|
|
0.20
|
%
|
|||
|
SE Properties 39 Old Route 146, LLC (EPC) SmartEarly Clifton Park LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/14/2039
|
|
|
408.0
|
|
|
396.7
|
|
|
407.3
|
|
|
0.20
|
%
|
|||
|
John Duffy Fuel Co., Inc.
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2022
|
|
|
513.8
|
|
|
393.9
|
|
|
398.2
|
|
|
0.20
|
%
|
|||
|
Bisson Moving & Storage Company Bisson Transportation Inc and BTG Real Estate
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/7/2022
|
|
|
528.8
|
|
|
391.4
|
|
|
395.0
|
|
|
0.19
|
%
|
|||
|
TAK Properties LLC and Kinderland Inc
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2038
|
|
|
405.0
|
|
|
390.8
|
|
|
391.2
|
|
|
0.19
|
%
|
|||
|
Polymer Sciences, Inc. dba Polymer Sciences, Inc.
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2036
|
|
|
422.6
|
|
|
387.2
|
|
|
403.7
|
|
|
0.20
|
%
|
|||
|
Kup's Auto Spa Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/15/2038
|
|
|
396.7
|
|
|
377.2
|
|
|
386.0
|
|
|
0.19
|
%
|
|||
|
Jihan Inc dba ARCO AM/PM and Diana Inc dba Diana's Recycling
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2040
|
|
|
380.0
|
|
|
377.1
|
|
|
365.2
|
|
|
0.18
|
%
|
|||
|
R.H. Hummer Jr., Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
375.0
|
|
|
375.0
|
|
|
355.3
|
|
|
0.17
|
%
|
|||
|
Tariq, LLC dba 76 Food Mart
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/2/2040
|
|
|
375.0
|
|
|
375.0
|
|
|
372.0
|
|
|
0.18
|
%
|
|||
|
Swalm Sreet LLC and New York Home Health Care Equipment LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2040
|
|
|
375.0
|
|
|
375.0
|
|
|
370.9
|
|
|
0.18
|
%
|
|||
|
B&B Organics LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2040
|
|
|
375.0
|
|
|
375.0
|
|
|
382.2
|
|
|
0.19
|
%
|
|||
|
All American Games, LLC and Sportslink - The Game, LLC
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/10/2024
|
|
|
400.0
|
|
|
372.1
|
|
|
329.1
|
|
|
0.16
|
%
|
|||
|
3Fmanagement LLC and ATC Fitness Cape Coral, LLC dba Around the Clock
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/24/2024
|
|
|
425.0
|
|
|
364.2
|
|
|
342.2
|
|
|
0.17
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
AIG Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/4/2040
|
|
|
363.8
|
|
|
362.7
|
|
|
340.6
|
|
|
0.17
|
%
|
|||
|
The Berlerro Group, LLC dba Sky Zone
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/12/2023
|
|
|
421.3
|
|
|
360.6
|
|
|
335.9
|
|
|
0.16
|
%
|
|||
|
Gator Communications Group LLC dba Harvard Printing Group
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2021
|
|
|
575.0
|
|
|
358.1
|
|
|
360.2
|
|
|
0.18
|
%
|
|||
|
Fair Deal Food Mart Inc dba Neighbors Market
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/3/2037
|
|
|
381.3
|
|
|
354.9
|
|
|
370.4
|
|
|
0.18
|
%
|
|||
|
iFood, Inc. dba Steak N Shake
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/31/2024
|
|
|
379.1
|
|
|
353.5
|
|
|
317.9
|
|
|
0.16
|
%
|
|||
|
Murrayville Donuts, Inc dba Dunkin' Donuts
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/15/2040
|
|
|
344.5
|
|
|
344.5
|
|
|
329.3
|
|
|
0.16
|
%
|
|||
|
Michael J. Speeney & Joyce Speeney and R2 Tape, Inc.
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2037
|
|
|
367.5
|
|
|
344.4
|
|
|
357.7
|
|
|
0.18
|
%
|
|||
|
Basista Family Limited Partnership and UPE, Inc.
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/14/2040
|
|
|
342.5
|
|
|
342.5
|
|
|
334.5
|
|
|
0.16
|
%
|
|||
|
Johnson Carwash LLC and Johnson Petroleum LLC
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/14/2040
|
|
|
340.0
|
|
|
340.0
|
|
|
345.1
|
|
|
0.17
|
%
|
|||
|
Ezzo Properties, LLC and Great Lakes Cleaning, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2027
|
|
|
389.6
|
|
|
338.3
|
|
|
335.0
|
|
|
0.16
|
%
|
|||
|
Suncoast Aluminum Furniture, Inc
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/17/2037
|
|
|
360.0
|
|
|
337.5
|
|
|
350.3
|
|
|
0.17
|
%
|
|||
|
Mirage Plastering Inc and Mpire LLC and Mpire II LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/12/2040
|
|
|
338.8
|
|
|
336.3
|
|
|
290.1
|
|
|
0.14
|
%
|
|||
|
Cencon Properties LLC and Central Connecticut Warehousing Company, Inc
|
|
Warehousing and Storage
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
344.5
|
|
|
331.0
|
|
|
339.2
|
|
|
0.17
|
%
|
|||
|
Gator Communications Group LLC dba Harvard Printing Group
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2022
|
|
|
466.3
|
|
|
330.4
|
|
|
331.0
|
|
|
0.16
|
%
|
|||
|
Spectrum Development LLC and Solvit Inc & Solvit North, Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/2/2023
|
|
|
387.3
|
|
|
329.2
|
|
|
314.3
|
|
|
0.15
|
%
|
|||
|
Advanced Skincare Medcenter Inc dba Advanced Skincare Surgery
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2025
|
|
|
337.5
|
|
|
326.9
|
|
|
277.2
|
|
|
0.14
|
%
|
|||
|
Hagerstown Muffler, Inc. and JMS Muffler, Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/24/2040
|
|
|
327.5
|
|
|
326.5
|
|
|
332.8
|
|
|
0.16
|
%
|
|||
|
Mitchellville Family Dentistry, Dr. Octavia Simkins-Wiseman DDS PC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/27/2038
|
|
|
335.1
|
|
|
321.4
|
|
|
323.3
|
|
|
0.16
|
%
|
|||
|
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2036
|
|
|
338.1
|
|
|
320.1
|
|
|
334.0
|
|
|
0.16
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Orange County Insurance Brokerage Inc dba Beaty Insurance Agency
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/29/2039
|
|
|
325.1
|
|
|
319.3
|
|
|
324.3
|
|
|
0.16
|
%
|
|||
|
Nova Solutions Inc
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/22/2040
|
|
|
320.0
|
|
|
319.1
|
|
|
313.0
|
|
|
0.15
|
%
|
|||
|
MRM Supermarkets Inc dba Constantins Breads; Dallas Gourmet Breads
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2038
|
|
|
336.0
|
|
|
319.0
|
|
|
324.6
|
|
|
0.16
|
%
|
|||
|
Taylor Transport, Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/8/2021
|
|
|
515.5
|
|
|
317.2
|
|
|
320.2
|
|
|
0.16
|
%
|
|||
|
FHJE Ventures LLC and Eisenreich II Inc. dba Breakneck Tavern
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2039
|
|
|
321.8
|
|
|
313.6
|
|
|
315.9
|
|
|
0.15
|
%
|
|||
|
A & M Commerce, Inc. dba Cranberry Sunoco
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2038
|
|
|
330.3
|
|
|
313.3
|
|
|
323.5
|
|
|
0.16
|
%
|
|||
|
Lenoir Business Partners LLC (EPC) LP Industries, Inc dba Childforms
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
322.7
|
|
|
311.2
|
|
|
313.7
|
|
|
0.15
|
%
|
|||
|
Shane M. Howell and Buck Hardware and Garden Center, LLC
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/27/2038
|
|
|
322.5
|
|
|
311.1
|
|
|
307.8
|
|
|
0.15
|
%
|
|||
|
Jumbomarkets Inc dba Rines Jumbomarkets
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/4/2025
|
|
|
306.3
|
|
|
306.3
|
|
|
294.4
|
|
|
0.14
|
%
|
|||
|
BCD Holdings, LLC and H-MA, LLC d/b/a/ Hawaii Mainland Administrators
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/2/2022
|
|
|
451.3
|
|
|
305.1
|
|
|
304.3
|
|
|
0.15
|
%
|
|||
|
Summit Beverage Group LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2024
|
|
|
350.6
|
|
|
302.9
|
|
|
292.2
|
|
|
0.14
|
%
|
|||
|
Onofrios Enterprises LLC (EPC) Onofrios Fresh Cut, Inc
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
312.5
|
|
|
301.0
|
|
|
304.4
|
|
|
0.15
|
%
|
|||
|
Joyce Outdoor Advertising Chicago LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2040
|
|
|
300.0
|
|
|
300.0
|
|
|
284.5
|
|
|
0.14
|
%
|
|||
|
Sunset Marine Resort LLC and GoXpeditions LLC and Lavon Gomes and Trac
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2040
|
|
|
301.8
|
|
|
298.2
|
|
|
303.0
|
|
|
0.15
|
%
|
|||
|
510 ROK Realty LLC dba ROK Health and Fitness and Robert N. D'urso
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2024
|
|
|
332.0
|
|
|
296.3
|
|
|
294.5
|
|
|
0.14
|
%
|
|||
|
R A Johnson Inc dba Rick Johnson Auto and Tire
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2039
|
|
|
301.3
|
|
|
294.9
|
|
|
299.5
|
|
|
0.15
|
%
|
|||
|
American Campgrounds LLC dba Whit's End Campground
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2040
|
|
|
293.0
|
|
|
293.0
|
|
|
290.9
|
|
|
0.14
|
%
|
|||
|
Custom Software, Inc. a Colorado Corporation dba M-33 Access
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2021
|
|
|
426.0
|
|
|
289.2
|
|
|
293.0
|
|
|
0.14
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Anturio Marketing Inc dba Logic Consulting
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/12/2040
|
|
|
290.3
|
|
|
288.1
|
|
|
292.8
|
|
|
0.14
|
%
|
|||
|
Summit Beverage Group LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/29/2030
|
|
|
291.9
|
|
|
286.8
|
|
|
258.1
|
|
|
0.13
|
%
|
|||
|
Aegis Creative Communications, Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2022
|
|
|
387.5
|
|
|
286.2
|
|
|
277.3
|
|
|
0.14
|
%
|
|||
|
The Smile Place LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
283.9
|
|
|
282.2
|
|
|
276.4
|
|
|
0.14
|
%
|
|||
|
KDP LLC and KDP Investment Advisors, Inc and KDP Asset Management, Inc
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/14/2023
|
|
|
343.8
|
|
|
278.0
|
|
|
270.9
|
|
|
0.13
|
%
|
|||
|
New Image Building Services Inc. dba New Image Repair Services
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2023
|
|
|
331.3
|
|
|
277.0
|
|
|
259.8
|
|
|
0.13
|
%
|
|||
|
Anglin Cultured Stone Products LLC dba Anglin Construction
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2025
|
|
|
281.8
|
|
|
273.0
|
|
|
238.1
|
|
|
0.12
|
%
|
|||
|
Cheryle A Baptiste and Cheryle Baptiste DDS PLLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2037
|
|
|
286.5
|
|
|
270.0
|
|
|
278.8
|
|
|
0.14
|
%
|
|||
|
Central Tire, Inc. dba Cooper Tire & Auto Services
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2037
|
|
|
288.5
|
|
|
269.1
|
|
|
279.5
|
|
|
0.14
|
%
|
|||
|
First Prevention and Dialysis Center LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2024
|
|
|
273.3
|
|
|
268.9
|
|
|
251.4
|
|
|
0.12
|
%
|
|||
|
New Image Building Services, Inc. dba New Image Repair Services
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/23/2037
|
|
|
285.7
|
|
|
267.7
|
|
|
271.6
|
|
|
0.13
|
%
|
|||
|
Christou Real Estate Holdings LLC dba Tops American Grill
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/17/2037
|
|
|
284.0
|
|
|
264.1
|
|
|
275.3
|
|
|
0.13
|
%
|
|||
|
Faith Memorial Chapel LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/20/2038
|
|
|
268.4
|
|
|
258.1
|
|
|
259.5
|
|
|
0.13
|
%
|
|||
|
Thrifty Market, Inc. dba Thrifty Foods
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2030
|
|
|
262.5
|
|
|
257.9
|
|
|
227.2
|
|
|
0.11
|
%
|
|||
|
15 McArdle LLC and No Other Impressions Inc
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/15/2040
|
|
|
257.1
|
|
|
254.9
|
|
|
238.4
|
|
|
0.12
|
%
|
|||
|
Scent-Sation, Inc. d/b/a Scent-Sation, Inc.
|
|
Textile Product Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2021
|
|
|
337.5
|
|
|
253.9
|
|
|
257.1
|
|
|
0.13
|
%
|
|||
|
Reidville Hydraulics & Mfg Inc dba Summit Farms LLC
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/2/2037
|
|
|
265.9
|
|
|
250.6
|
|
|
254.6
|
|
|
0.12
|
%
|
|||
|
All-Tag Corporation
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
250.4
|
|
|
250.4
|
|
|
218.0
|
|
|
0.11
|
%
|
|||
|
Roccos LLC and Sullo Pantalone Inc dba Rocco's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2039
|
|
|
255.8
|
|
|
250.4
|
|
|
237.3
|
|
|
0.12
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
JAG Unit 1, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
250.0
|
|
|
250.0
|
|
|
210.6
|
|
|
0.10
|
%
|
|||
|
V2 Tango LLC dba Palette 22
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2025
|
|
|
250.0
|
|
|
250.0
|
|
|
217.1
|
|
|
0.11
|
%
|
|||
|
Animal Intrusion Prevention Systems Holding Company, LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2024
|
|
|
272.5
|
|
|
248.2
|
|
|
219.7
|
|
|
0.11
|
%
|
|||
|
HAVANA CENTRAL NJ1, LLC dba Havana Central
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2025
|
|
|
250.0
|
|
|
245.1
|
|
|
238.9
|
|
|
0.12
|
%
|
|||
|
Wolf Enviro Interests, LLC and Enviromax Services Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/25/2040
|
|
|
246.5
|
|
|
244.7
|
|
|
223.7
|
|
|
0.11
|
%
|
|||
|
CNYP 717 Irondequoit LLC and CNYP 2002 Ontario LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2040
|
|
|
244.4
|
|
|
244.4
|
|
|
226.0
|
|
|
0.11
|
%
|
|||
|
MJD Investments, LLC dba The Community Day School
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/31/2038
|
|
|
258.3
|
|
|
244.3
|
|
|
250.6
|
|
|
0.12
|
%
|
|||
|
RKP Service dba Rainbow Carwash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2023
|
|
|
300.0
|
|
|
243.1
|
|
|
237.5
|
|
|
0.12
|
%
|
|||
|
FHJE Ventures LLC and Eisenreich II Inc dba Breakneck Tavern
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2039
|
|
|
245.5
|
|
|
242.9
|
|
|
225.8
|
|
|
0.11
|
%
|
|||
|
JWB Industries, Inc. dba Carteret Die Casting
|
|
Primary Metal Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/11/2024
|
|
|
280.0
|
|
|
241.8
|
|
|
225.3
|
|
|
0.11
|
%
|
|||
|
800 on the Trax LLC and Matrix Z LLC
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2040
|
|
|
240.0
|
|
|
240.0
|
|
|
234.6
|
|
|
0.12
|
%
|
|||
|
Xela Pack, Inc. and Aliseo and Catherine Gentile
|
|
Paper Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2028
|
|
|
271.8
|
|
|
239.2
|
|
|
244.5
|
|
|
0.12
|
%
|
|||
|
WI130, LLC (EPC) & Lakeland Group, Inc (OC) dba Lakeland Electrical
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2028
|
|
|
271.5
|
|
|
239.0
|
|
|
238.1
|
|
|
0.12
|
%
|
|||
|
LaSalle Market and Deli EOK Inc and Rugen Realty LLC dba LaSalle Market
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/21/2037
|
|
|
252.3
|
|
|
236.8
|
|
|
242.7
|
|
|
0.12
|
%
|
|||
|
Clairvoyant Realty Corp. and Napoli Marble & Granite Design, Ltd
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2038
|
|
|
246.3
|
|
|
236.8
|
|
|
234.5
|
|
|
0.11
|
%
|
|||
|
Capitol Waste and Recycling Services LLC
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/10/2024
|
|
|
257.8
|
|
|
236.4
|
|
|
210.6
|
|
|
0.10
|
%
|
|||
|
All About Smiles P A
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
237.7
|
|
|
235.9
|
|
|
231.1
|
|
|
0.11
|
%
|
|||
|
Joyce Outdoor Advertising LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/29/2040
|
|
|
234.8
|
|
|
234.8
|
|
|
235.3
|
|
|
0.12
|
%
|
|||
|
Pierce Developments, Inc. dba Southside Granite
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/13/2036
|
|
|
256.1
|
|
|
233.3
|
|
|
242.6
|
|
|
0.12
|
%
|
|||
|
Atlantis of Daytona LLC and Ocean Club Sportswear Inc
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2039
|
|
|
240.0
|
|
|
233.1
|
|
|
236.7
|
|
|
0.12
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Big Sky Plaza LLC and Strickland, Incorporated dba Livingston True Value
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/20/2039
|
|
|
233.4
|
|
|
227.4
|
|
|
229.0
|
|
|
0.11
|
%
|
|||
|
M & H Pine Straw Inc and Harris L. Maloy
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2023
|
|
|
288.8
|
|
|
227.1
|
|
|
227.0
|
|
|
0.11
|
%
|
|||
|
MTV Bowl, Inc. dba Legend Lanes
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2036
|
|
|
248.5
|
|
|
226.4
|
|
|
235.8
|
|
|
0.12
|
%
|
|||
|
Meridian Hotels, LLC dba Best Western Jonesboro
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2039
|
|
|
228.0
|
|
|
224.9
|
|
|
228.4
|
|
|
0.11
|
%
|
|||
|
HJ & Edward Enterprises, LLC dba Sky Zone
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2023
|
|
|
262.5
|
|
|
224.8
|
|
|
218.5
|
|
|
0.11
|
%
|
|||
|
DuCharme Realty LLC and DuCharme Enterprises LLC dba Specialty
|
|
Wood Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/2/2040
|
|
|
225.1
|
|
|
222.1
|
|
|
208.0
|
|
|
0.10
|
%
|
|||
|
Hemingway Custom Cabinetry LLC
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2025
|
|
|
220.0
|
|
|
217.3
|
|
|
187.0
|
|
|
0.09
|
%
|
|||
|
Bowl Mor, LLC dba Bowl Mor Lanes / Spare Lounge, Inc.
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/13/2039
|
|
|
223.5
|
|
|
216.7
|
|
|
222.9
|
|
|
0.11
|
%
|
|||
|
Homegrown For Good LLC
|
|
Apparel Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/26/2024
|
|
|
230.0
|
|
|
215.5
|
|
|
195.5
|
|
|
0.10
|
%
|
|||
|
Discount Wheel and Tire
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
223.8
|
|
|
214.6
|
|
|
214.3
|
|
|
0.11
|
%
|
|||
|
Newsome Trucking Inc and Kevin Newsome
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/2/2035
|
|
|
423.1
|
|
|
214.1
|
|
|
222.6
|
|
|
0.11
|
%
|
|||
|
Schmaltz Holdings, LLC (EPC) and Schmaltz Operations, LLC dba Companio
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/4/2038
|
|
|
224.2
|
|
|
213.7
|
|
|
213.3
|
|
|
0.10
|
%
|
|||
|
Mosley Auto Group LLC dba America's Automotive
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2038
|
|
|
221.5
|
|
|
213.7
|
|
|
217.6
|
|
|
0.11
|
%
|
|||
|
Tortilla King Inc.
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/14/2039
|
|
|
216.9
|
|
|
211.2
|
|
|
207.8
|
|
|
0.10
|
%
|
|||
|
Daniel Gordon and Erin Gordon and Silver Lining Stables CT, LLC
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/28/2037
|
|
|
223.8
|
|
|
211.1
|
|
|
219.0
|
|
|
0.11
|
%
|
|||
|
BJ's Tavern LLC and BJ's Cabana Bar Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
212.5
|
|
|
210.9
|
|
|
205.9
|
|
|
0.10
|
%
|
|||
|
Pioneer Windows Manufacturing Corp, Pioneer Windows
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2022
|
|
|
275.0
|
|
|
209.8
|
|
|
207.4
|
|
|
0.10
|
%
|
|||
|
Evans and Paul LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2024
|
|
|
223.8
|
|
|
208.2
|
|
|
198.7
|
|
|
0.10
|
%
|
|||
|
Faith Memorial Chapel LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2039
|
|
|
214.2
|
|
|
207.9
|
|
|
206.4
|
|
|
0.10
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Superior Disposal Service, Inc.
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/26/2023
|
|
|
240.5
|
|
|
204.4
|
|
|
200.8
|
|
|
0.10
|
%
|
|||
|
952 Boston Post Road Realty, LLC and HNA LLC dba Styles International
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2039
|
|
|
211.0
|
|
|
204.3
|
|
|
203.2
|
|
|
0.10
|
%
|
|||
|
1 North Restaurant Corp dba 1 North Steakhouse
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2038
|
|
|
212.5
|
|
|
204.3
|
|
|
207.8
|
|
|
0.10
|
%
|
|||
|
Brandywine Picnic Park, Inc. and B.Ross Capps & Linda Capps
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2031
|
|
|
231.5
|
|
|
204.2
|
|
|
210.9
|
|
|
0.10
|
%
|
|||
|
Elan Realty, LLC and Albert Basse Asociates, Inc.
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2035
|
|
|
228.2
|
|
|
203.7
|
|
|
212.6
|
|
|
0.10
|
%
|
|||
|
Modern Manhattan LLC
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2024
|
|
|
220.0
|
|
|
203.3
|
|
|
171.5
|
|
|
0.08
|
%
|
|||
|
AMG Holding, LLC and Stetson Automotive, Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2039
|
|
|
208.0
|
|
|
202.7
|
|
|
208.6
|
|
|
0.10
|
%
|
|||
|
JEJE Realty LLC and La Familia Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/10/2039
|
|
|
205.8
|
|
|
202.1
|
|
|
193.6
|
|
|
0.09
|
%
|
|||
|
Gill Express Inc. dba American Eagle Truck Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/5/2027
|
|
|
286.9
|
|
|
200.4
|
|
|
206.1
|
|
|
0.10
|
%
|
|||
|
Block and Grinder LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
200.0
|
|
|
200.0
|
|
|
196.6
|
|
|
0.10
|
%
|
|||
|
Water Works Laundromat, L.L.C.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
9/7/2027
|
|
|
267.3
|
|
|
194.8
|
|
|
195.3
|
|
|
0.10
|
%
|
|||
|
Robert E. Caves, Sr. and American Plank dba Caves Enterprises
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2021
|
|
|
302.5
|
|
|
194.7
|
|
|
197.2
|
|
|
0.10
|
%
|
|||
|
Spire Investment Partners, LLC
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2022
|
|
|
258.8
|
|
|
192.7
|
|
|
186.7
|
|
|
0.09
|
%
|
|||
|
Douglas Printy Motorsports, Inc. dba Blackburn Trike
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/9/2040
|
|
|
191.8
|
|
|
189.5
|
|
|
180.5
|
|
|
0.09
|
%
|
|||
|
8 Minute Oil Change of Springfield Corporation and John Nino
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/12/2038
|
|
|
196.8
|
|
|
188.0
|
|
|
191.7
|
|
|
0.09
|
%
|
|||
|
Sapienzo Properties LLC (EPC) CNS Self-Storage Inc (OC)
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2039
|
|
|
193.8
|
|
|
187.0
|
|
|
192.4
|
|
|
0.09
|
%
|
|||
|
Greenbrier Technical Services, Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2023
|
|
|
240.1
|
|
|
183.0
|
|
|
183.2
|
|
|
0.09
|
%
|
|||
|
Brothers International Desserts
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/26/2023
|
|
|
230.0
|
|
|
182.7
|
|
|
181.4
|
|
|
0.09
|
%
|
|||
|
Majestic Contracting Services, Inc. dba Majestic Electric and Majestic Plumbing
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/26/2038
|
|
|
190.0
|
|
|
181.6
|
|
|
180.6
|
|
|
0.09
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Danjam Enterprises, LLC dba Ariel Dental Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2035
|
|
|
204.0
|
|
|
180.7
|
|
|
188.4
|
|
|
0.09
|
%
|
|||
|
(EPC) Absolute Desire LLC and Mark H. Szierer (OC) Sophisticated Smile
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2038
|
|
|
188.3
|
|
|
180.0
|
|
|
183.6
|
|
|
0.09
|
%
|
|||
|
(EPC) Willowbrook Properties LLC (OC) Grove Gardens Landscaping Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2038
|
|
|
186.3
|
|
|
177.8
|
|
|
183.5
|
|
|
0.09
|
%
|
|||
|
Trip Consultants U.S.A. Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
175.0
|
|
|
175.0
|
|
|
147.4
|
|
|
0.07
|
%
|
|||
|
Richmond Hill Mini Market, LLC
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/27/2037
|
|
|
185.3
|
|
|
174.7
|
|
|
180.2
|
|
|
0.09
|
%
|
|||
|
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette Music Hall
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2024
|
|
|
187.5
|
|
|
174.5
|
|
|
153.2
|
|
|
0.08
|
%
|
|||
|
KK International Trading Corporation
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2028
|
|
|
190.0
|
|
|
174.0
|
|
|
172.1
|
|
|
0.08
|
%
|
|||
|
Bryan Bantry Inc.
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/8/2021
|
|
|
400.0
|
|
|
174.0
|
|
|
173.0
|
|
|
0.08
|
%
|
|||
|
Forno Italiano Di Nonna Randazzo, LLC dba Nonna Randazzo's Bakery
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2037
|
|
|
183.8
|
|
|
173.9
|
|
|
178.5
|
|
|
0.09
|
%
|
|||
|
Pioneer Window Holdings, Inc and Subsidiaries dba Pioneer Windows
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2022
|
|
|
225.0
|
|
|
173.3
|
|
|
171.3
|
|
|
0.08
|
%
|
|||
|
Douglas Posey and Sally Watkinson dba Audrey's Farmhouse
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2040
|
|
|
174.1
|
|
|
172.6
|
|
|
170.5
|
|
|
0.08
|
%
|
|||
|
Sound Manufacturing Inc
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/10/2024
|
|
|
187.5
|
|
|
172.3
|
|
|
150.6
|
|
|
0.07
|
%
|
|||
|
Neyra Industries, Inc. and Edward Neyra
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2023
|
|
|
217.5
|
|
|
171.2
|
|
|
173.2
|
|
|
0.08
|
%
|
|||
|
Chickamauga Properties,Inc., MSW Enterprises, LLP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2035
|
|
|
189.5
|
|
|
171.1
|
|
|
178.5
|
|
|
0.09
|
%
|
|||
|
R2 Tape Inc dba Presto Tape
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2025
|
|
|
176.3
|
|
|
170.8
|
|
|
160.6
|
|
|
0.08
|
%
|
|||
|
Fran-Car Corporation dba Horizon Landscape Management
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/3/2028
|
|
|
407.8
|
|
|
170.5
|
|
|
175.8
|
|
|
0.09
|
%
|
|||
|
BND Sebastian Limited Liability Company and Sebastian Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2040
|
|
|
172.5
|
|
|
170.5
|
|
|
168.2
|
|
|
0.08
|
%
|
|||
|
Silva Realty Holdings, LLC and MF-Silva Enterprises, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/11/2040
|
|
|
171.6
|
|
|
170.0
|
|
|
161.1
|
|
|
0.08
|
%
|
|||
|
R & J Petroleum LLC (EPC) Manar USA, Inc. (OC)
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2037
|
|
|
180.0
|
|
|
169.5
|
|
|
175.4
|
|
|
0.09
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
15 Frederick Place LLC & Pioneer Windows Holdings Inc & Subs
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2021
|
|
|
250.0
|
|
|
168.6
|
|
|
169.3
|
|
|
0.08
|
%
|
|||
|
South Park Properties LLC and Midlothian Hardware LLC dba Grill
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/6/2040
|
|
|
170.5
|
|
|
167.9
|
|
|
170.0
|
|
|
0.08
|
%
|
|||
|
Spectrum Radio Fairmont, LLC
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
187.5
|
|
|
164.3
|
|
|
164.3
|
|
|
0.08
|
%
|
|||
|
Wilshire Media Systems Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/17/2024
|
|
|
186.3
|
|
|
163.4
|
|
|
151.7
|
|
|
0.07
|
%
|
|||
|
Pine Belt Wood Products LLC
|
|
Forestry and Logging
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/22/2040
|
|
|
163.8
|
|
|
163.3
|
|
|
147.9
|
|
|
0.07
|
%
|
|||
|
Wise Forklift Inc
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/1/2020
|
|
|
296.9
|
|
|
162.9
|
|
|
164.7
|
|
|
0.08
|
%
|
|||
|
Labmates LLC
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2040
|
|
|
162.5
|
|
|
162.5
|
|
|
165.6
|
|
|
0.08
|
%
|
|||
|
Gator Communications Group LLC dba Harvard Printing Group
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/25/2022
|
|
|
228.8
|
|
|
162.1
|
|
|
162.5
|
|
|
0.08
|
%
|
|||
|
B & W Towing, LLC and Boychucks Fuel LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2039
|
|
|
164.5
|
|
|
161.8
|
|
|
153.1
|
|
|
0.08
|
%
|
|||
|
Hae M. and Jin S. Park dba Buford Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/15/2039
|
|
|
166.5
|
|
|
161.2
|
|
|
160.0
|
|
|
0.08
|
%
|
|||
|
M & H Pinestraw, Inc. and Harris L. Maloy
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/15/2021
|
|
|
238.3
|
|
|
161.2
|
|
|
161.6
|
|
|
0.08
|
%
|
|||
|
185 Summerfield Inc and Valcon Contracting Corp
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2039
|
|
|
162.3
|
|
|
159.1
|
|
|
157.6
|
|
|
0.08
|
%
|
|||
|
MMS Realty, LLC and Molecular MS Diagnostics LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2040
|
|
|
160.7
|
|
|
158.8
|
|
|
151.3
|
|
|
0.07
|
%
|
|||
|
Carolina Flicks Inc dba The Howell Theater
|
|
Motion Picture and Sound Recording Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2032
|
|
|
163.3
|
|
|
158.5
|
|
|
149.5
|
|
|
0.07
|
%
|
|||
|
Spire Investment Partners, LLC
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/22/2021
|
|
|
250.0
|
|
|
157.4
|
|
|
157.8
|
|
|
0.08
|
%
|
|||
|
North Columbia LLC and Loop Liquor and Convenience Store LLC
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/24/2039
|
|
|
159.3
|
|
|
155.9
|
|
|
153.6
|
|
|
0.08
|
%
|
|||
|
Ramard Inc and Advanced Health Sciences Inc
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2023
|
|
|
187.5
|
|
|
154.3
|
|
|
140.5
|
|
|
0.07
|
%
|
|||
|
South Florida Air Conditioning and Refrigeration Corp.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2040
|
|
|
155.5
|
|
|
153.7
|
|
|
153.3
|
|
|
0.08
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Golden Transaction Corporation dba Bleh Sunoco
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/30/2039
|
|
|
156.7
|
|
|
153.6
|
|
|
152.9
|
|
|
0.07
|
%
|
|||
|
Avayaan2 LLC dba Island Cove
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/7/2039
|
|
|
157.5
|
|
|
152.7
|
|
|
154.1
|
|
|
0.08
|
%
|
|||
|
RDT Enterprises LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2027
|
|
|
162.8
|
|
|
152.7
|
|
|
147.6
|
|
|
0.07
|
%
|
|||
|
J3K LLC dba Ronan True Value Hardware
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2025
|
|
|
152.5
|
|
|
150.6
|
|
|
126.8
|
|
|
0.06
|
%
|
|||
|
RXSB, Inc dba Medicine Shoppe
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/30/2023
|
|
|
186.3
|
|
|
149.8
|
|
|
145.3
|
|
|
0.07
|
%
|
|||
|
FirstVitals Health and Wellness Inc
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2025
|
|
|
150.0
|
|
|
148.1
|
|
|
124.7
|
|
|
0.06
|
%
|
|||
|
Barber Investments LLC and Fieldstone Quickstop LLC and Maine Dollar Deals
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2039
|
|
|
150.0
|
|
|
147.2
|
|
|
131.7
|
|
|
0.06
|
%
|
|||
|
Honeyspot Investors LLP and Pace Motor Lines Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2039
|
|
|
150.0
|
|
|
146.4
|
|
|
147.7
|
|
|
0.07
|
%
|
|||
|
Alejandro Rico dba Rico Motors and Golden West Motel and Alrima Co Inc
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2040
|
|
|
146.3
|
|
|
146.3
|
|
|
148.5
|
|
|
0.07
|
%
|
|||
|
Teamnewman Enterprises LLC dba Newmans at 988 and John H. Newman
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2039
|
|
|
148.8
|
|
|
146.1
|
|
|
139.8
|
|
|
0.07
|
%
|
|||
|
Dantanna's Tavern LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2024
|
|
|
164.3
|
|
|
144.8
|
|
|
136.4
|
|
|
0.07
|
%
|
|||
|
Cool Air Solutions, Inc. dba Graham Heating & Air Conditioning
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2%
|
|
12/27/2018
|
|
|
411.5
|
|
|
144.8
|
|
|
144.3
|
|
|
0.07
|
%
|
|||
|
GDP Gourmet LLC dba Joe and John's Pizza Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/19/2040
|
|
|
145.0
|
|
|
144.4
|
|
|
140.6
|
|
|
0.07
|
%
|
|||
|
Vernon & Stephanie Scott and Little Stars Day Care Center, Inc.
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/18/2038
|
|
|
151.0
|
|
|
143.6
|
|
|
149.3
|
|
|
0.07
|
%
|
|||
|
J. Kinderman & Sons Inc., dba BriteStar Inc.
|
|
Electrical Equipment, Appliance, and Component Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2023
|
|
|
181.3
|
|
|
142.7
|
|
|
144.3
|
|
|
0.07
|
%
|
|||
|
Barub Realty LLC and Barub LLC dba Woodlawn Cabinets
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2040
|
|
|
143.0
|
|
|
142.6
|
|
|
144.3
|
|
|
0.07
|
%
|
|||
|
Alpha Preparatory Academy LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2039
|
|
|
145.2
|
|
|
142.5
|
|
|
144.7
|
|
|
0.07
|
%
|
|||
|
Ryan Crick and Pamela J. Crick and Crick Enterprises Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/17/2039
|
|
|
145.5
|
|
|
142.4
|
|
|
144.6
|
|
|
0.07
|
%
|
|||
|
Peter Thomas Roth Labs LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2018
|
|
|
425.0
|
|
|
142.3
|
|
|
143.4
|
|
|
0.07
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Knowledge First Inc dba Magic Years of Learning and Kimberly Knox
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2039
|
|
|
145.0
|
|
|
140.8
|
|
|
139.9
|
|
|
0.07
|
%
|
|||
|
USI Properties LLC dba U Store It
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/23/2039
|
|
|
144.6
|
|
|
140.7
|
|
|
144.0
|
|
|
0.07
|
%
|
|||
|
Wired LLC and Moulison North Corporation
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/3/2024
|
|
|
150.1
|
|
|
140.1
|
|
|
126.0
|
|
|
0.06
|
%
|
|||
|
Gardner's Wharf Holdings LLC and Gardner's Wharf Seafood Inc
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/8/2040
|
|
|
140.0
|
|
|
139.6
|
|
|
142.2
|
|
|
0.07
|
%
|
|||
|
Stormrider Inc dba Shirley's Stormrider, Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2024
|
|
|
150.0
|
|
|
138.6
|
|
|
115.1
|
|
|
0.06
|
%
|
|||
|
Big Apple Entertainment Partners, LLC d/b/a Ripley's Believe It or Not
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2022
|
|
|
180.0
|
|
|
138.4
|
|
|
134.2
|
|
|
0.07
|
%
|
|||
|
ATC Fitness LLC dba Around the Clock Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2022
|
|
|
180.0
|
|
|
137.8
|
|
|
137.4
|
|
|
0.07
|
%
|
|||
|
Choe Trade Group Inc dba Rapid Printers of Monterey
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2024
|
|
|
159.3
|
|
|
137.6
|
|
|
137.4
|
|
|
0.07
|
%
|
|||
|
Matchless Transportation LLC dba First Class Limo
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/3/2022
|
|
|
185.0
|
|
|
137.0
|
|
|
135.7
|
|
|
0.07
|
%
|
|||
|
96 Mill Street LLC, Central Pizza LLC and Jason Bikakis George Bikaki
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/12/2039
|
|
|
141.3
|
|
|
137.0
|
|
|
140.9
|
|
|
0.07
|
%
|
|||
|
3000 CSI Property LLC and Consulting Solutions Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/20/2040
|
|
|
137.5
|
|
|
136.9
|
|
|
137.1
|
|
|
0.07
|
%
|
|||
|
Kemmer LLC and Apples Tree Top Liquors LLC
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2039
|
|
|
138.4
|
|
|
136.1
|
|
|
126.9
|
|
|
0.06
|
%
|
|||
|
Spectrumit, Inc, (OC) dba LANformation
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2030
|
|
|
154.9
|
|
|
135.8
|
|
|
139.4
|
|
|
0.07
|
%
|
|||
|
Grafio Inc dba Omega Learning Center-Acworth
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/13/2023
|
|
|
156.3
|
|
|
135.0
|
|
|
126.3
|
|
|
0.06
|
%
|
|||
|
CEM Autobody LLC dba Dawn's Autobody
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2040
|
|
|
135.5
|
|
|
134.5
|
|
|
128.6
|
|
|
0.06
|
%
|
|||
|
C& D Medical of Naples, Inc and Forever & Always of Naples, Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2040
|
|
|
135.0
|
|
|
134.2
|
|
|
124.0
|
|
|
0.06
|
%
|
|||
|
Al-Mustafa Enterprise, Inc. and Al-Mustafa Enterprise Inc
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2040
|
|
|
134.0
|
|
|
133.9
|
|
|
131.3
|
|
|
0.06
|
%
|
|||
|
DKB Transport Corp
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/5/2038
|
|
|
138.8
|
|
|
133.9
|
|
|
137.6
|
|
|
0.07
|
%
|
|||
|
West Cobb Enterprises, Inc and Advanced Eye Associates, L.L.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/12/2035
|
|
|
148.7
|
|
|
133.4
|
|
|
138.8
|
|
|
0.07
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
JPM Investments LLC and Carolina Family Foot Care P.A.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2039
|
|
|
136.1
|
|
|
133.1
|
|
|
134.9
|
|
|
0.07
|
%
|
|||
|
1899 Tavern & Tap LLC and Ale House Tavern & Tap LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/9/2039
|
|
|
137.5
|
|
|
132.6
|
|
|
134.6
|
|
|
0.07
|
%
|
|||
|
Haven Hospitality Group Inc. dba Haven Gastropub
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2025
|
|
|
132.5
|
|
|
132.5
|
|
|
113.7
|
|
|
0.06
|
%
|
|||
|
Mid-Land Sheet Metal Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2038
|
|
|
137.5
|
|
|
132.4
|
|
|
134.1
|
|
|
0.07
|
%
|
|||
|
City Sign Service, Incorporated
|
|
Electrical Equipment, Appliance, and Component Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
165.8
|
|
|
132.1
|
|
|
134.7
|
|
|
0.07
|
%
|
|||
|
Bay State Funeral Services, LLC (EPC) and Riley Funeral Home Inc(OC)
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/21/2039
|
|
|
134.9
|
|
|
131.6
|
|
|
135.4
|
|
|
0.07
|
%
|
|||
|
Jade Automotive d/b/a Sears Hometown Store
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/6/2035
|
|
|
146.6
|
|
|
131.5
|
|
|
137.3
|
|
|
0.07
|
%
|
|||
|
J&M Concessions, Inc.dba A-1 Liquors
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/3/2039
|
|
|
135.6
|
|
|
131.3
|
|
|
129.2
|
|
|
0.06
|
%
|
|||
|
Modern on the Mile, LLC dba Ligne Roset
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/25/2021
|
|
|
212.5
|
|
|
131.1
|
|
|
131.5
|
|
|
0.06
|
%
|
|||
|
Access Staffing, LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2022
|
|
|
187.5
|
|
|
131.1
|
|
|
130.5
|
|
|
0.06
|
%
|
|||
|
Grand Blanc Lanes, Inc. and H, H and H, LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2039
|
|
|
133.0
|
|
|
131.0
|
|
|
131.1
|
|
|
0.06
|
%
|
|||
|
RDT Enterprises, LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2028
|
|
|
141.2
|
|
|
130.6
|
|
|
132.4
|
|
|
0.06
|
%
|
|||
|
Demand Printing Solutions, Inc
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2034
|
|
|
147.5
|
|
|
128.7
|
|
|
133.9
|
|
|
0.07
|
%
|
|||
|
Green Life Lawnscapes LLC dba Green Life Lawn Care
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/6/2025
|
|
|
127.3
|
|
|
127.3
|
|
|
122.4
|
|
|
0.06
|
%
|
|||
|
R2 Tape, Inc. dba Presto Tape and Michael J.and Joyce Speeney
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/20/2020
|
|
|
224.4
|
|
|
126.6
|
|
|
127.6
|
|
|
0.06
|
%
|
|||
|
Nelson Sargsyan dba HDA Trucking
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2025
|
|
|
130.5
|
|
|
126.4
|
|
|
105.1
|
|
|
0.05
|
%
|
|||
|
PTK, Incorporated dba Night N Day 24 HR Convenience Store
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2036
|
|
|
137.5
|
|
|
126.0
|
|
|
131.2
|
|
|
0.06
|
%
|
|||
|
George S Cochran DDS Inc
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/7/2025
|
|
|
130.0
|
|
|
125.1
|
|
|
104.4
|
|
|
0.05
|
%
|
|||
|
Music Mountain Water Company, LLC
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/25/2036
|
|
|
138.1
|
|
|
125.1
|
|
|
130.7
|
|
|
0.06
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Sarah Sibadan dba Sibadan Agency
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/27/2039
|
|
|
129.4
|
|
|
125.0
|
|
|
127.4
|
|
|
0.06
|
%
|
|||
|
Japp Business Inc dba Pick and Eat and Japp Drink Corp.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
125.0
|
|
|
125.0
|
|
|
110.6
|
|
|
0.05
|
%
|
|||
|
Smokeyard Inc dba Smokeyard BBQ and Chop Shop
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
125.0
|
|
|
125.0
|
|
|
107.6
|
|
|
0.05
|
%
|
|||
|
Evans & Paul LLC and E&P Holdings I LLC
|
|
Nonmetallic Mineral Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/15/2025
|
|
|
125.0
|
|
|
125.0
|
|
|
110.9
|
|
|
0.05
|
%
|
|||
|
Abitino's JFK LLC dba Abitino's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2022
|
|
|
125.0
|
|
|
124.9
|
|
|
110.4
|
|
|
0.05
|
%
|
|||
|
The LAX Shop Inc
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2025
|
|
|
125.0
|
|
|
125.0
|
|
|
124.9
|
|
|
0.06
|
%
|
|||
|
Hascher Gabelstapler Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/26/2024
|
|
|
143.3
|
|
|
124.6
|
|
|
121.0
|
|
|
0.06
|
%
|
|||
|
Maxiflex LLC
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2023
|
|
|
153.5
|
|
|
124.1
|
|
|
125.6
|
|
|
0.06
|
%
|
|||
|
Michael Rey Jr. and Lynn J. Williams (EPC) and GIG Petcare
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/3/2039
|
|
|
126.9
|
|
|
123.6
|
|
|
122.1
|
|
|
0.06
|
%
|
|||
|
Geo Los Angeles LLC dba Geo Film Group
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/26/2025
|
|
|
130.0
|
|
|
123.5
|
|
|
112.5
|
|
|
0.06
|
%
|
|||
|
Naeem Khan LTD
|
|
Apparel Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/17/2025
|
|
|
125.0
|
|
|
123.5
|
|
|
103.9
|
|
|
0.05
|
%
|
|||
|
Naeem Khan LTD
|
|
Apparel Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
125.0
|
|
|
123.5
|
|
|
104.0
|
|
|
0.05
|
%
|
|||
|
Lake Area Autosound LLC and Ryan H. Whittington
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/28/2039
|
|
|
125.0
|
|
|
122.9
|
|
|
122.9
|
|
|
0.06
|
%
|
|||
|
Food & Fuel Company LLC dba Lowery Food Mart
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2040
|
|
|
122.5
|
|
|
122.5
|
|
|
124.3
|
|
|
0.06
|
%
|
|||
|
Lamjam LLC (EPC) Goldsmith Lambros Inc (OC)
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2024
|
|
|
133.8
|
|
|
122.2
|
|
|
121.6
|
|
|
0.06
|
%
|
|||
|
Trademark Equipment Company Inc and David A. Daniel
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/19/2036
|
|
|
133.6
|
|
|
122.1
|
|
|
126.9
|
|
|
0.06
|
%
|
|||
|
Supreme Screw Products, Inc. and Misha Migdal
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/17/2019
|
|
|
308.2
|
|
|
121.6
|
|
|
122.7
|
|
|
0.06
|
%
|
|||
|
Atlas Mountain Construction, LLC
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/13/2038
|
|
|
127.3
|
|
|
121.2
|
|
|
126.1
|
|
|
0.06
|
%
|
|||
|
Medworxs LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/3/2025
|
|
|
125.0
|
|
|
121.1
|
|
|
101.6
|
|
|
0.05
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
LP Industries Inc dba Childforms
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2025
|
|
|
125.0
|
|
|
120.9
|
|
|
112.3
|
|
|
0.06
|
%
|
|||
|
Bizzare Foods Inc dba Trooper Foods
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/12/2025
|
|
|
125.0
|
|
|
120.6
|
|
|
100.3
|
|
|
0.05
|
%
|
|||
|
3 F Management LLC and ATC Port Charlotte LLC dba Around The Clock Fit
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/17/2024
|
|
|
131.3
|
|
|
120.4
|
|
|
106.2
|
|
|
0.05
|
%
|
|||
|
JDR Industries Inc dba CST-The Composites Store, JetCat USA
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/21/2024
|
|
|
140.3
|
|
|
120.4
|
|
|
114.1
|
|
|
0.06
|
%
|
|||
|
Prospect Kids Academy Inc
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/11/2038
|
|
|
124.3
|
|
|
119.2
|
|
|
120.5
|
|
|
0.06
|
%
|
|||
|
Copper Beech Financial Group LLC
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2025
|
|
|
125.0
|
|
|
118.7
|
|
|
107.2
|
|
|
0.05
|
%
|
|||
|
Knits R Us, Inc. dba NYC Sports / Mingle
|
|
Textile Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/11/2038
|
|
|
125.0
|
|
|
118.4
|
|
|
123.1
|
|
|
0.06
|
%
|
|||
|
1258 Hartford TPKE, LLC (EPC) and Phelps and Sons, Inc (OC)
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2038
|
|
|
124.6
|
|
|
118.3
|
|
|
120.9
|
|
|
0.06
|
%
|
|||
|
Northwind Outdoor Recreation, Inc. dba Red Rock Wilderness Store
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/18/2036
|
|
|
129.5
|
|
|
117.9
|
|
|
123.2
|
|
|
0.06
|
%
|
|||
|
DC Real LLC and DC Enterprises LTD dba Lakeview True Value
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2039
|
|
|
119.4
|
|
|
117.8
|
|
|
116.3
|
|
|
0.06
|
%
|
|||
|
Balthazar Management Virgin Islands LLC dba The Beach Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2025
|
|
|
123.3
|
|
|
117.1
|
|
|
116.6
|
|
|
0.06
|
%
|
|||
|
Profile Performance, Inc. and Eidak Real Estate, L.L.C.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/20/2036
|
|
|
127.5
|
|
|
115.7
|
|
|
120.8
|
|
|
0.06
|
%
|
|||
|
Wilton Dental Care P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/29/2024
|
|
|
128.1
|
|
|
115.6
|
|
|
106.3
|
|
|
0.05
|
%
|
|||
|
Top Properties LLC and LP Industries, Inc dba Childforms
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
120.0
|
|
|
115.5
|
|
|
118.8
|
|
|
0.06
|
%
|
|||
|
JRA Holdings LLC (EPC) Jasper County Cleaners Inc dba Superior Cleaner
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2038
|
|
|
121.0
|
|
|
115.5
|
|
|
120.1
|
|
|
0.06
|
%
|
|||
|
Qycell Corporation
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/19/2021
|
|
|
187.5
|
|
|
114.2
|
|
|
114.2
|
|
|
0.06
|
%
|
|||
|
Kemmer, LLC (EPC) and Pitts Package Store, Inc.(OC)
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2039
|
|
|
117.5
|
|
|
114.1
|
|
|
109.9
|
|
|
0.05
|
%
|
|||
|
AS Boyals LLC dba Towne Liquors
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2039
|
|
|
117.5
|
|
|
114.1
|
|
|
117.4
|
|
|
0.06
|
%
|
|||
|
R2 Tape Inc dba Presto Tape
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2022
|
|
|
155.0
|
|
|
114.1
|
|
|
115.2
|
|
|
0.06
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Modern Manhattan, LLC
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/20/2020
|
|
|
204.0
|
|
|
113.3
|
|
|
113.5
|
|
|
0.06
|
%
|
|||
|
5091 LLC and TR/AL LLC d/b/a Cafe Africana
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2037
|
|
|
121.3
|
|
|
113.2
|
|
|
117.8
|
|
|
0.06
|
%
|
|||
|
Lemonberry Food Stores Inc dba Lemonberry Frozen Yogurt
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2025
|
|
|
112.5
|
|
|
112.5
|
|
|
98.4
|
|
|
0.05
|
%
|
|||
|
Katie Senior Care LLC dba Home Instead Senior Care
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2024
|
|
|
124.3
|
|
|
112.3
|
|
|
93.2
|
|
|
0.05
|
%
|
|||
|
Shelton Incorporated dba Mrs. Winners
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2040
|
|
|
112.5
|
|
|
111.2
|
|
|
112.1
|
|
|
0.05
|
%
|
|||
|
Dosus Inc dba Perry's Pools
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/7/2025
|
|
|
112.5
|
|
|
110.9
|
|
|
95.2
|
|
|
0.05
|
%
|
|||
|
Qycell Corporation
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/26/2024
|
|
|
121.0
|
|
|
109.5
|
|
|
98.8
|
|
|
0.05
|
%
|
|||
|
Golden Gate Lodging LLC (OC)
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/12/2038
|
|
|
115.0
|
|
|
109.2
|
|
|
112.6
|
|
|
0.06
|
%
|
|||
|
Rainbow Dry Cleaners
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/13/2024
|
|
|
122.5
|
|
|
109.1
|
|
|
102.8
|
|
|
0.05
|
%
|
|||
|
S.B.B. Enterprises Inc dba Williamston Hardware
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/19/2040
|
|
|
108.8
|
|
|
108.8
|
|
|
100.8
|
|
|
0.05
|
%
|
|||
|
Sushiya, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/8/2025
|
|
|
108.8
|
|
|
108.8
|
|
|
97.2
|
|
|
0.05
|
%
|
|||
|
Westville Seafood LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/19/2038
|
|
|
112.3
|
|
|
107.7
|
|
|
107.6
|
|
|
0.05
|
%
|
|||
|
Cormac Enterprises and Wyoming Valley Beverage Incorporated
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2039
|
|
|
110.8
|
|
|
107.6
|
|
|
110.6
|
|
|
0.05
|
%
|
|||
|
Excel RP Inc
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
130.3
|
|
|
107.2
|
|
|
105.9
|
|
|
0.05
|
%
|
|||
|
Wallace Holdings LLC (EPC) GFA International Inc (OC)
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
11/25/2023
|
|
|
125.0
|
|
|
105.2
|
|
|
96.5
|
|
|
0.05
|
%
|
|||
|
Forever & Always of Naples Inc dba Island Animal Hospital
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2025
|
|
|
107.5
|
|
|
104.7
|
|
|
94.8
|
|
|
0.05
|
%
|
|||
|
Mustafa Inc dba Adiba Grocery
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2025
|
|
|
103.8
|
|
|
103.8
|
|
|
103.7
|
|
|
0.05
|
%
|
|||
|
Pooh's Corner Realty LLC and Pooh's Corner Inc
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/23/2040
|
|
|
103.8
|
|
|
103.2
|
|
|
104.0
|
|
|
0.05
|
%
|
|||
|
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch Inc
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2040
|
|
|
102.5
|
|
|
102.5
|
|
|
102.3
|
|
|
0.05
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Seagate Group Holdings, Inc. dba Seagate Logistics, Inc.
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/28/2036
|
|
|
113.4
|
|
|
102.1
|
|
|
106.6
|
|
|
0.05
|
%
|
|||
|
WPI, LLC
|
|
Transportation Equipment Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2024
|
|
|
129.5
|
|
|
101.3
|
|
|
102.2
|
|
|
0.05
|
%
|
|||
|
B and A Friction Materials Inc
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/9/2025
|
|
|
102.5
|
|
|
101.2
|
|
|
85.2
|
|
|
0.04
|
%
|
|||
|
Shorr Enterprises Inc dba New Design Furniture Manufacturers
|
|
Furniture and Related Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2025
|
|
|
106.5
|
|
|
101.2
|
|
|
92.8
|
|
|
0.05
|
%
|
|||
|
Island Wide Realty LLC and Long Island Partners, Inc.
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/22/2039
|
|
|
103.8
|
|
|
100.9
|
|
|
103.8
|
|
|
0.05
|
%
|
|||
|
Nancy & Karl Schmidt(EPC) Moments to Remember USA, LLC
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/15/2038
|
|
|
106.3
|
|
|
100.7
|
|
|
103.9
|
|
|
0.05
|
%
|
|||
|
Firm Foundations Inc David S Gaitan Jr and Christopher K Daigle
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/3/2038
|
|
|
104.3
|
|
|
100.5
|
|
|
97.9
|
|
|
0.05
|
%
|
|||
|
State Painting and Decorating Co Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2025
|
|
|
100.0
|
|
|
100.0
|
|
|
84.2
|
|
|
0.04
|
%
|
|||
|
Delta Aggregate, LLC
|
|
Mining (except Oil and Gas)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
100.0
|
|
|
100.0
|
|
|
99.9
|
|
|
0.05
|
%
|
|||
|
Custom Exteriors, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/9/2025
|
|
|
100.0
|
|
|
100.0
|
|
|
87.3
|
|
|
0.04
|
%
|
|||
|
Matthew Taylor and Landon Farm LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/4/2040
|
|
|
100.0
|
|
|
99.8
|
|
|
88.7
|
|
|
0.04
|
%
|
|||
|
DNT Storage and Properties LLC
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/10/2039
|
|
|
101.8
|
|
|
99.8
|
|
|
99.4
|
|
|
0.05
|
%
|
|||
|
Little People's Village II LLC (OC) and Iliopoulos Realty LLC (EPC)
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2039
|
|
|
101.5
|
|
|
99.1
|
|
|
97.6
|
|
|
0.05
|
%
|
|||
|
Bear Creek Entertainment, LLC dba The Woods at Bear Creek
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2024
|
|
|
106.3
|
|
|
99.0
|
|
|
98.6
|
|
|
0.05
|
%
|
|||
|
Zinger Hardware and General Merchant Inc
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2024
|
|
|
110.5
|
|
|
98.4
|
|
|
94.9
|
|
|
0.05
|
%
|
|||
|
Miss Cranston Diner II, LLC and Miss Cranston II Realty LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/17/2039
|
|
|
100.0
|
|
|
98.2
|
|
|
96.0
|
|
|
0.05
|
%
|
|||
|
Keller Holdings LLC and David H Keller III and Carie C Keller
|
|
Scenic and Sightseeing Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2039
|
|
|
100.0
|
|
|
97.9
|
|
|
98.5
|
|
|
0.05
|
%
|
|||
|
Lefont Theaters, Inc.
|
|
Motion Picture and Sound Recording Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/30/2022
|
|
|
137.0
|
|
|
97.9
|
|
|
98.4
|
|
|
0.05
|
%
|
|||
|
G.M. Pop's, Inc. & S.D. Food, Inc. dba Popeyes Louisiana Kitchen
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2022
|
|
|
127.1
|
|
|
97.6
|
|
|
95.4
|
|
|
0.05
|
%
|
|||
|
New Paltz Dental Care, PLLC dba Ariel Dental Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2025
|
|
|
100.0
|
|
|
97.5
|
|
|
92.5
|
|
|
0.05
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
California College of Communications, Inc.
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/2/2020
|
|
|
172.5
|
|
|
97.2
|
|
|
97.3
|
|
|
0.05
|
%
|
|||
|
986 Dixwell Avenue Holding Company, LLC(EPC) and Mughali Foods, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/7/2039
|
|
|
99.1
|
|
|
96.4
|
|
|
97.1
|
|
|
0.05
|
%
|
|||
|
Anthony C Dinoto and Susan S P Dinoto and Anthony C Dinoto Funeral Home
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2038
|
|
|
100.0
|
|
|
96.0
|
|
|
98.7
|
|
|
0.05
|
%
|
|||
|
Custom Software, Inc. a Colorado Corporation dba M-33 Access
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/30/2022
|
|
|
125.0
|
|
|
94.3
|
|
|
95.6
|
|
|
0.05
|
%
|
|||
|
J and K Fitness L.L.C. dba Physiques Womens Fitness Center
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2041
|
|
|
93.8
|
|
|
93.7
|
|
|
93.2
|
|
|
0.05
|
%
|
|||
|
First Steps Real Estate Company, LLC (EPC) and First Steps Preschool
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2038
|
|
|
97.6
|
|
|
93.6
|
|
|
92.5
|
|
|
0.05
|
%
|
|||
|
A & A Auto Care, LLC d/b/a A & A Auto Care, LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/12/2036
|
|
|
101.0
|
|
|
93.4
|
|
|
97.3
|
|
|
0.05
|
%
|
|||
|
GIA Realty LLC and VRAJ GIA LLC dba Lakeview Laundromat
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2038
|
|
|
97.5
|
|
|
93.0
|
|
|
96.8
|
|
|
0.05
|
%
|
|||
|
Key Products I&II, Inc. dba Dunkin' Donuts/Baskin-Robbins
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/10/2021
|
|
|
153.0
|
|
|
92.6
|
|
|
93.0
|
|
|
0.05
|
%
|
|||
|
Metro Used Cars Inc. dba Metro Auto Center
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/14/2027
|
|
|
117.6
|
|
|
92.6
|
|
|
94.9
|
|
|
0.05
|
%
|
|||
|
MRM Supermarkets, Inc. dba Constantin's Breads
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/10/2021
|
|
|
137.5
|
|
|
91.9
|
|
|
92.5
|
|
|
0.05
|
%
|
|||
|
Union 2 LLC dba The Standard
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/10/2025
|
|
|
91.5
|
|
|
91.5
|
|
|
83.7
|
|
|
0.04
|
%
|
|||
|
E.S.F.P. LLC dba Volusia Van and Storage
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/11/2025
|
|
|
91.3
|
|
|
91.2
|
|
|
78.6
|
|
|
0.04
|
%
|
|||
|
U & A Food and Fuel, Inc. dba Express Gas & Food Mart
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2037
|
|
|
96.3
|
|
|
90.7
|
|
|
94.3
|
|
|
0.05
|
%
|
|||
|
Sico & Walsh Insurance Agency Inc and The AMS Trust
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/6/2039
|
|
|
250.0
|
|
|
90.6
|
|
|
93.3
|
|
|
0.05
|
%
|
|||
|
Royal Crest Motors LLC
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/16/2040
|
|
|
91.3
|
|
|
90.1
|
|
|
87.5
|
|
|
0.04
|
%
|
|||
|
Moochie's LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/13/2024
|
|
|
100.5
|
|
|
90.0
|
|
|
83.2
|
|
|
0.04
|
%
|
|||
|
Video Vault & Tanning LLC and Mosaic Salon LLC
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/4/2040
|
|
|
90.5
|
|
|
89.9
|
|
|
91.2
|
|
|
0.04
|
%
|
|||
|
Little People's Village II LLC (OC) and Iliopoulos Realty LLC (EPC)
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2039
|
|
|
92.1
|
|
|
89.9
|
|
|
88.5
|
|
|
0.04
|
%
|
|||
|
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2024
|
|
|
100.0
|
|
|
89.2
|
|
|
89.2
|
|
|
0.04
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Ronny Ramirez RX Corp dba Naturxheal Family Pharmacy
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/20/2025
|
|
|
89.0
|
|
|
89.0
|
|
|
76.4
|
|
|
0.04
|
%
|
|||
|
Angkor Restaurant Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/19/2038
|
|
|
93.0
|
|
|
88.9
|
|
|
90.5
|
|
|
0.04
|
%
|
|||
|
Music Mountain Water Company,LLC dba Music Mountain Water Co.
|
|
Beverage and Tobacco Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2019
|
|
|
185.4
|
|
|
88.9
|
|
|
89.8
|
|
|
0.04
|
%
|
|||
|
Seelan Inc dba Candleridge Market
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/27/2039
|
|
|
90.5
|
|
|
88.7
|
|
|
84.8
|
|
|
0.04
|
%
|
|||
|
Delta Aggregate LLC
|
|
Mining (except Oil and Gas)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2025
|
|
|
90.0
|
|
|
88.2
|
|
|
87.9
|
|
|
0.04
|
%
|
|||
|
Advanced Machine & Technology, Inc.
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2025
|
|
|
90.3
|
|
|
88.0
|
|
|
80.6
|
|
|
0.04
|
%
|
|||
|
The River Beas LLC and Punam Singh
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/8/2039
|
|
|
90.3
|
|
|
87.8
|
|
|
88.3
|
|
|
0.04
|
%
|
|||
|
Manuel P. Barrera and Accura Electrical Contractor, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/23/2028
|
|
|
103.7
|
|
|
87.6
|
|
|
88.9
|
|
|
0.04
|
%
|
|||
|
Navdeep B Martins and Busy Bubbles LLC dba Wishy Washy
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2039
|
|
|
89.0
|
|
|
87.4
|
|
|
81.6
|
|
|
0.04
|
%
|
|||
|
Greensward of Marco Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/28/2040
|
|
|
87.5
|
|
|
87.2
|
|
|
84.8
|
|
|
0.04
|
%
|
|||
|
Kiddie Steps 4 You Inc.
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2038
|
|
|
89.3
|
|
|
86.7
|
|
|
85.9
|
|
|
0.04
|
%
|
|||
|
Tannehill Enterprises Inc dba Hobbytown USA Folsom
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/14/2025
|
|
|
87.4
|
|
|
86.5
|
|
|
72.9
|
|
|
0.04
|
%
|
|||
|
AM PM Properties, LLC and AM PM Willington, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/17/2040
|
|
|
87.1
|
|
|
86.2
|
|
|
86.1
|
|
|
0.04
|
%
|
|||
|
E-Z Box Storage, Inc.
|
|
Real Estate
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/11/2025
|
|
|
89.3
|
|
|
85.9
|
|
|
85.6
|
|
|
0.04
|
%
|
|||
|
Animal Intrusion Prevention Systems Holding Company, LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2024
|
|
|
126.5
|
|
|
85.7
|
|
|
87.2
|
|
|
0.04
|
%
|
|||
|
Kurtis Sniezek dba Wolfe's Foreign Auto
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2038
|
|
|
88.9
|
|
|
85.7
|
|
|
88.2
|
|
|
0.04
|
%
|
|||
|
Bat Bridge Investments Inc dba Kalologie 360 Spa
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
85.5
|
|
|
85.5
|
|
|
72.0
|
|
|
0.04
|
%
|
|||
|
Sumad LLC dba BrightStar Care of Encinitas
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/2/2024
|
|
|
92.5
|
|
|
85.4
|
|
|
85.0
|
|
|
0.04
|
%
|
|||
|
Doctors Express Management of Central Texas LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/8/2024
|
|
|
105.0
|
|
|
85.2
|
|
|
80.8
|
|
|
0.04
|
%
|
|||
|
RDRhonehouse ENT. LLC dba Chill Skinz
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2025
|
|
|
88.9
|
|
|
85.0
|
|
|
70.7
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
R & R Security and Investigations Inc dba Pardners Lake Buchanan
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/19/2040
|
|
|
85.4
|
|
|
84.4
|
|
|
85.8
|
|
|
0.04
|
%
|
|||
|
Tanner Optical Inc. dba Murphy Eye Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/22/2035
|
|
|
94.6
|
|
|
84.0
|
|
|
87.4
|
|
|
0.04
|
%
|
|||
|
SKJ Inc dba Subway
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/13/2025
|
|
|
84.8
|
|
|
83.3
|
|
|
71.1
|
|
|
0.03
|
%
|
|||
|
J&M Concessions Inc dba A 1 Liquors
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/27/2025
|
|
|
87.5
|
|
|
81.9
|
|
|
73.0
|
|
|
0.04
|
%
|
|||
|
Osceola River Mill, LLC(EPC) Ironman Machine, Inc.(OC)
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/20/2038
|
|
|
86.3
|
|
|
81.6
|
|
|
84.2
|
|
|
0.04
|
%
|
|||
|
Bakhtar Group LLC dba Malmaison
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2023
|
|
|
103.8
|
|
|
81.7
|
|
|
79.2
|
|
|
0.04
|
%
|
|||
|
Zephyr Seven Series LLC dba 18/8 Fine Men's Salon
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2025
|
|
|
81.3
|
|
|
81.3
|
|
|
70.0
|
|
|
0.03
|
%
|
|||
|
209 North 3rd Street, LLC (EPC) Yuster Insurance Group Inc (OC)
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2038
|
|
|
83.9
|
|
|
80.2
|
|
|
80.9
|
|
|
0.04
|
%
|
|||
|
LAN Doctors Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2025
|
|
|
81.3
|
|
|
79.7
|
|
|
72.0
|
|
|
0.04
|
%
|
|||
|
Peanut Butter & Co., Inc.
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/30/2023
|
|
|
100.0
|
|
|
79.4
|
|
|
77.3
|
|
|
0.04
|
%
|
|||
|
Cares Inc dba Dumpling Grounds Day Care Center
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/1/2040
|
|
|
81.9
|
|
|
78.8
|
|
|
80.1
|
|
|
0.04
|
%
|
|||
|
Hofgard & Co., Inc. dba HofgardBenefits
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/27/2022
|
|
|
107.3
|
|
|
78.1
|
|
|
78.0
|
|
|
0.04
|
%
|
|||
|
Limameno LLC dba Sal's Italian Ristorante
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/23/2025
|
|
|
83.3
|
|
|
78.0
|
|
|
66.9
|
|
|
0.03
|
%
|
|||
|
Dean 1021 LLC dba Pure Pita
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2025
|
|
|
80.0
|
|
|
77.5
|
|
|
65.6
|
|
|
0.03
|
%
|
|||
|
Firm Foundations Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/13/2025
|
|
|
81.3
|
|
|
77.2
|
|
|
68.3
|
|
|
0.03
|
%
|
|||
|
L.M. Jury Enterprises, Inc dba Midwest Monograms
|
|
Textile Product Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/28/2025
|
|
|
77.0
|
|
|
76.5
|
|
|
65.8
|
|
|
0.03
|
%
|
|||
|
39581 Garfield, LLC and Tri County Neurological Associates, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2036
|
|
|
83.3
|
|
|
76.2
|
|
|
79.1
|
|
|
0.04
|
%
|
|||
|
Holloway & CO. P.L.L.C.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/16/2025
|
|
|
75.0
|
|
|
75.0
|
|
|
74.9
|
|
|
0.04
|
%
|
|||
|
Moments to Remember USA LLC dba Retain Loyalty
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
75.0
|
|
|
75.0
|
|
|
68.2
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
M & H Pine Straw, Inc and Harris L. Maloy
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
6%
|
|
4/30/2020
|
|
|
183.3
|
|
|
75.0
|
|
|
75.7
|
|
|
0.04
|
%
|
|||
|
Elegant Fireplace Mantels, Inc. dba Elegant Fireplace Mantels
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2022
|
|
|
97.5
|
|
|
74.8
|
|
|
72.6
|
|
|
0.04
|
%
|
|||
|
BVIP Limousine Service LTD
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/27/2038
|
|
|
76.5
|
|
|
73.7
|
|
|
74.7
|
|
|
0.04
|
%
|
|||
|
Zog Inc.
|
|
Other Information Services
|
|
Term Loan
|
|
6%
|
|
3/17/2018
|
|
|
97.5
|
|
|
73.6
|
|
|
74.1
|
|
|
0.04
|
%
|
|||
|
Kelly Auto Care LLC dba Shoreline Quick Lube and Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/18/2023
|
|
|
87.5
|
|
|
73.2
|
|
|
68.7
|
|
|
0.03
|
%
|
|||
|
Faramarz Nikourazm dba Car Clinic Center
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/3/2040
|
|
|
73.8
|
|
|
72.9
|
|
|
70.4
|
|
|
0.03
|
%
|
|||
|
B&P Diners LLC dba Engine House Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/10/2024
|
|
|
80.0
|
|
|
72.9
|
|
|
60.5
|
|
|
0.03
|
%
|
|||
|
Awesome Pets II Inc dba Mellisa's Pet Depot
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/7/2024
|
|
|
83.2
|
|
|
72.7
|
|
|
68.1
|
|
|
0.03
|
%
|
|||
|
Jonathan E Nichols and Nichols Fire and Security LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2025
|
|
|
75.0
|
|
|
72.7
|
|
|
68.2
|
|
|
0.03
|
%
|
|||
|
Gerami Realty, LC (EPC) Sherrill Universal City Corral, LP
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/23/2027
|
|
|
78.8
|
|
|
72.0
|
|
|
72.3
|
|
|
0.04
|
%
|
|||
|
Tri County Heating and Cooling Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/19/2023
|
|
|
87.8
|
|
|
71.6
|
|
|
70.8
|
|
|
0.03
|
%
|
|||
|
Bliss Coffee and Wine Bar, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
3/19/2018
|
|
|
87.5
|
|
|
71.4
|
|
|
71.8
|
|
|
0.04
|
%
|
|||
|
SCJEN Management Inc dba Bowl of Heaven
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
71.3
|
|
|
71.3
|
|
|
60.0
|
|
|
0.03
|
%
|
|||
|
LaHoBa, LLC d/b/a Papa John's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/3/2036
|
|
|
77.5
|
|
|
70.4
|
|
|
73.4
|
|
|
0.04
|
%
|
|||
|
Triangle Trash LLC dba Bin There Dump That
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/18/2025
|
|
|
74.4
|
|
|
70.1
|
|
|
62.8
|
|
|
0.03
|
%
|
|||
|
R2 Tape Inc dba Presto Tape
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/10/2024
|
|
|
78.8
|
|
|
69.1
|
|
|
69.5
|
|
|
0.03
|
%
|
|||
|
Gold Jet Corp dba The UPS Store
|
|
Couriers and Messengers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/14/2025
|
|
|
68.3
|
|
|
68.3
|
|
|
61.7
|
|
|
0.03
|
%
|
|||
|
Vortex Automotive LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/5/2035
|
|
|
76.6
|
|
|
67.6
|
|
|
70.4
|
|
|
0.03
|
%
|
|||
|
Chickamauga Properties, Inc., MSW Enterprises, LLP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/22/2035
|
|
|
74.3
|
|
|
67.3
|
|
|
70.3
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
New Life Holdings, LLC and Certified Collision Services, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2035
|
|
|
76.2
|
|
|
67.3
|
|
|
70.1
|
|
|
0.03
|
%
|
|||
|
Kantz LLC and Kantz Auto LLC dba Kantz's Hometown Auto
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2039
|
|
|
68.1
|
|
|
66.9
|
|
|
65.5
|
|
|
0.03
|
%
|
|||
|
RM Hawkins LLC dba Pure Water Tech West and Robert M Hawkins
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/26/2023
|
|
|
85.8
|
|
|
66.9
|
|
|
67.1
|
|
|
0.03
|
%
|
|||
|
Stormrider Inc dba Shirley's Stormrider Inc
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2025
|
|
|
67.5
|
|
|
66.7
|
|
|
56.1
|
|
|
0.03
|
%
|
|||
|
I-90 RV & Auto Supercenter
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2035
|
|
|
74.9
|
|
|
66.5
|
|
|
69.4
|
|
|
0.03
|
%
|
|||
|
Accent Homes Services LLC dba Benjamin Franklin Plumbing of Kansas City
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2028
|
|
|
66.5
|
|
|
65.9
|
|
|
63.2
|
|
|
0.03
|
%
|
|||
|
Shree Om Lodging, LLC dba Royal Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/2/2030
|
|
|
333.3
|
|
|
65.6
|
|
|
67.9
|
|
|
0.03
|
%
|
|||
|
NVR Corporation dba Discount Food Mart
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/11/2039
|
|
|
68.3
|
|
|
65.4
|
|
|
67.3
|
|
|
0.03
|
%
|
|||
|
Onofrio's Fresh Cut Inc
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/6/2024
|
|
|
75.0
|
|
|
65.4
|
|
|
64.2
|
|
|
0.03
|
%
|
|||
|
Orient Direct, Inc. dba Spracht, Celltek, ODI
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/12/2023
|
|
|
84.9
|
|
|
65.4
|
|
|
63.4
|
|
|
0.03
|
%
|
|||
|
Kostekos Inc dba New York Style Pizza
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/6/2040
|
|
|
66.3
|
|
|
65.4
|
|
|
63.1
|
|
|
0.03
|
%
|
|||
|
MLM Enterprises LLC and Demand Printing Solutions Inc
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2024
|
|
|
70.5
|
|
|
65.1
|
|
|
60.3
|
|
|
0.03
|
%
|
|||
|
Jenkins-Pavia Corporation dba Victory Lane Quick Oil Change
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2037
|
|
|
69.8
|
|
|
65.0
|
|
|
67.7
|
|
|
0.03
|
%
|
|||
|
Danjam Enterprises, LLC dba Ariel Dental Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2023
|
|
|
93.0
|
|
|
64.8
|
|
|
65.7
|
|
|
0.03
|
%
|
|||
|
Beale Street Blues Company-West Palm Beach LLC dba Lafayette's-West Palm Beach
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2025
|
|
|
66.3
|
|
|
64.6
|
|
|
56.5
|
|
|
0.03
|
%
|
|||
|
SofRep, Inc dba Force 12 Media
|
|
Other Information Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2025
|
|
|
66.3
|
|
|
64.2
|
|
|
53.4
|
|
|
0.03
|
%
|
|||
|
Pauley Tree and Lawn Care Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/28/2025
|
|
|
65.8
|
|
|
64.1
|
|
|
57.1
|
|
|
0.03
|
%
|
|||
|
Michael A.and HeatherR. Welsch dba Art & FrameEtc.
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/22/2038
|
|
|
67.5
|
|
|
64.1
|
|
|
66.0
|
|
|
0.03
|
%
|
|||
|
Kidrose, LLC dba Kidville Riverdale
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/22/2023
|
|
|
78.8
|
|
|
63.3
|
|
|
62.3
|
|
|
0.03
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Yousef Khatib dba Y&M Enterprises
|
|
Wholesale Electronic Markets and Agents and Brokers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/15/2023
|
|
|
75.0
|
|
|
63.2
|
|
|
58.7
|
|
|
0.03
|
%
|
|||
|
Free Ion Advisors LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/21/2025
|
|
|
64.3
|
|
|
62.7
|
|
|
52.8
|
|
|
0.03
|
%
|
|||
|
Truth Technologies Inc dba Truth Technologies Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2023
|
|
|
79.5
|
|
|
62.6
|
|
|
61.1
|
|
|
0.03
|
%
|
|||
|
Guard Dogs MFS LLC
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/8/2025
|
|
|
65.0
|
|
|
62.6
|
|
|
52.5
|
|
|
0.03
|
%
|
|||
|
Joseph Nich and Tina M. Nich dba Vic's Greenhouses
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/4/2025
|
|
|
62.5
|
|
|
62.5
|
|
|
62.4
|
|
|
0.03
|
%
|
|||
|
Sourceco Limited Liability Company
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2025
|
|
|
62.5
|
|
|
62.5
|
|
|
54.5
|
|
|
0.03
|
%
|
|||
|
Optima Health Care Inc
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2025
|
|
|
62.5
|
|
|
62.5
|
|
|
62.4
|
|
|
0.03
|
%
|
|||
|
Pace Motor Lines, Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/26/2025
|
|
|
66.2
|
|
|
62.5
|
|
|
62.0
|
|
|
0.03
|
%
|
|||
|
God is Good LLC dba BurgerFi
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2025
|
|
|
67.3
|
|
|
62.4
|
|
|
56.0
|
|
|
0.03
|
%
|
|||
|
Kup’s Auto Spa, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/23/2025
|
|
|
62.5
|
|
|
62.1
|
|
|
60.2
|
|
|
0.03
|
%
|
|||
|
Rutledge Enterprises Inc dba BLC Property Management
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2040
|
|
|
62.5
|
|
|
61.8
|
|
|
60.6
|
|
|
0.03
|
%
|
|||
|
Almost Home Daycare LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/11/2025
|
|
|
62.5
|
|
|
61.7
|
|
|
60.1
|
|
|
0.03
|
%
|
|||
|
O'Rourkes Diner LLC dba O'Rourke's Diner
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/19/2037
|
|
|
65.5
|
|
|
61.5
|
|
|
62.9
|
|
|
0.03
|
%
|
|||
|
Kiddie Steps 4 You Inc.
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/19/2040
|
|
|
61.8
|
|
|
61.1
|
|
|
57.8
|
|
|
0.03
|
%
|
|||
|
DTM Parts Supply Inc.
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/2/2025
|
|
|
62.8
|
|
|
60.8
|
|
|
50.6
|
|
|
0.02
|
%
|
|||
|
Polpo Realty, LLC(EPC) Polpo Restaurant, LLC (OC)
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/6/2038
|
|
|
62.5
|
|
|
60.5
|
|
|
62.2
|
|
|
0.03
|
%
|
|||
|
ViAr Visual Communications, Inc. dba Fastsigns 281701
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2025
|
|
|
62.0
|
|
|
60.1
|
|
|
51.2
|
|
|
0.03
|
%
|
|||
|
Baystate Firearms and Training, LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/27/2025
|
|
|
63.4
|
|
|
59.7
|
|
|
50.1
|
|
|
0.02
|
%
|
|||
|
Inverted Healthcare Staffing of Florida LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/18/2025
|
|
|
61.3
|
|
|
59.3
|
|
|
49.3
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Smith Spinal Care Center P.C. and James C. Smith
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/8/2039
|
|
|
60.0
|
|
|
58.8
|
|
|
57.5
|
|
|
0.03
|
%
|
|||
|
Home Again Restaurant LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
59.0
|
|
|
58.8
|
|
|
58.1
|
|
|
0.03
|
%
|
|||
|
ALF, LLC (EPC) Mulit-Service Eagle Tires (OC)
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2037
|
|
|
62.9
|
|
|
58.6
|
|
|
61.0
|
|
|
0.03
|
%
|
|||
|
Emerald Ironworks Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2023
|
|
|
72.0
|
|
|
58.5
|
|
|
57.3
|
|
|
0.03
|
%
|
|||
|
Homegrown For Good LLC
|
|
Apparel Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/8/2025
|
|
|
60.0
|
|
|
57.8
|
|
|
50.5
|
|
|
0.02
|
%
|
|||
|
Metano IBC Services, Inc. and Stone Brook Leasing, LLC
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/17/2017
|
|
|
315.0
|
|
|
57.1
|
|
|
57.4
|
|
|
0.03
|
%
|
|||
|
Eco-Green Reprocessing LLC and Denali Medical Concepts, LLC
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/27/2023
|
|
|
67.2
|
|
|
56.7
|
|
|
52.5
|
|
|
0.03
|
%
|
|||
|
University Park Retreat, LLC dba Massage Heights
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/27/2022
|
|
|
76.0
|
|
|
56.5
|
|
|
57.1
|
|
|
0.03
|
%
|
|||
|
Gordon E Rogers dba Stonehouse Motor Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2039
|
|
|
57.5
|
|
|
56.3
|
|
|
57.2
|
|
|
0.03
|
%
|
|||
|
Eldredge Tavern LLC dba Gonyea's Tavern
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/8/2040
|
|
|
56.3
|
|
|
55.8
|
|
|
56.8
|
|
|
0.03
|
%
|
|||
|
SuzyQue’s LLC dba Suzy Que’s
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/11/2036
|
|
|
61.0
|
|
|
55.3
|
|
|
57.7
|
|
|
0.03
|
%
|
|||
|
Long Island Barber + Beauty LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/2/2039
|
|
|
55.5
|
|
|
54.1
|
|
|
54.1
|
|
|
0.03
|
%
|
|||
|
Global Educational Delivery Services LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2024
|
|
|
60.0
|
|
|
54.0
|
|
|
54.3
|
|
|
0.03
|
%
|
|||
|
Danny V, LLC dba Hugo's Taproom
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2040
|
|
|
54.0
|
|
|
53.6
|
|
|
49.2
|
|
|
0.02
|
%
|
|||
|
D & D's Divine Beauty School of Esther, LLC
|
|
Educational Services
|
|
Term Loan
|
|
6%
|
|
8/1/2031
|
|
|
57.7
|
|
|
53.5
|
|
|
55.5
|
|
|
0.03
|
%
|
|||
|
Handy 6391 LLC dba The UPS Store #6391
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/27/2023
|
|
|
62.5
|
|
|
53.4
|
|
|
53.6
|
|
|
0.03
|
%
|
|||
|
Road to Sedona Inc dba Thirteen
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/27/2025
|
|
|
56.6
|
|
|
53.4
|
|
|
45.1
|
|
|
0.02
|
%
|
|||
|
Joyce Outdoor Advertising NJ LLC and Joyce Outdoor Advertising LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/26/2040
|
|
|
54.0
|
|
|
53.4
|
|
|
53.3
|
|
|
0.03
|
%
|
|||
|
Modern Leather Goods Repair Shop Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/17/2024
|
|
|
58.8
|
|
|
53.1
|
|
|
44.1
|
|
|
0.02
|
%
|
|||
|
Jonesboro Health Food Center LLC
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2024
|
|
|
60.0
|
|
|
52.9
|
|
|
48.6
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
B.S. Ventures LLC dba Dink's Market
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2039
|
|
|
53.8
|
|
|
52.9
|
|
|
53.5
|
|
|
0.03
|
%
|
|||
|
God Be Glorified Inc dba GBG Inc
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/20/2025
|
|
|
53.0
|
|
|
52.0
|
|
|
43.8
|
|
|
0.02
|
%
|
|||
|
Real Help LLC dba Real Help Decorative Concrete
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/22/2025
|
|
|
53.1
|
|
|
51.5
|
|
|
49.6
|
|
|
0.02
|
%
|
|||
|
Akshar Group, LLC
|
|
Accommodation
|
|
Term Loan
|
|
6%
|
|
11/5/2028
|
|
|
321.3
|
|
|
51.3
|
|
|
53.0
|
|
|
0.03
|
%
|
|||
|
KMC RE, LLC & B&B Kennels
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/19/2034
|
|
|
58.3
|
|
|
51.0
|
|
|
53.1
|
|
|
0.03
|
%
|
|||
|
The Red Pill Management, Inc. dba UFC Gym Matthews
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/26/2024
|
|
|
54.3
|
|
|
50.9
|
|
|
44.6
|
|
|
0.02
|
%
|
|||
|
Gregory P Jellenek OD and Associates PC dba Gregory P Jellenek OD
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/28/2023
|
|
|
63.5
|
|
|
50.9
|
|
|
50.4
|
|
|
0.02
|
%
|
|||
|
Success Express,Inc. dba Success Express
|
|
Couriers and Messengers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/29/2020
|
|
|
91.8
|
|
|
50.6
|
|
|
50.6
|
|
|
0.02
|
%
|
|||
|
D&G Capital LLC dba Miami Grill 277
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
83.8
|
|
|
50.5
|
|
|
49.7
|
|
|
0.02
|
%
|
|||
|
Martin L Hopp, MD PHD A Medical Corp (OC) dba Tower ENT
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/21/2022
|
|
|
66.3
|
|
|
50.5
|
|
|
49.7
|
|
|
0.02
|
%
|
|||
|
Atlas Auto Body Inc dba Atlas Auto Sales
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/22/2039
|
|
|
51.6
|
|
|
50.4
|
|
|
48.3
|
|
|
0.02
|
%
|
|||
|
Veliu LLC dba FASTSIGNS #15901
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/10/2025
|
|
|
50.0
|
|
|
50.0
|
|
|
43.2
|
|
|
0.02
|
%
|
|||
|
K's Salon, LLC d/b/a K's Salon
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2021
|
|
|
73.6
|
|
|
49.8
|
|
|
49.5
|
|
|
0.02
|
%
|
|||
|
Jacksonville Beauty Institute Inc. dba Beauty Institute's
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/23/2025
|
|
|
50.0
|
|
|
49.7
|
|
|
41.9
|
|
|
0.02
|
%
|
|||
|
Sound Manufacturing Inc
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/12/2028
|
|
|
54.8
|
|
|
49.6
|
|
|
48.1
|
|
|
0.02
|
%
|
|||
|
Sound Manufacturing Inc
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/21/2025
|
|
|
50.0
|
|
|
49.5
|
|
|
43.9
|
|
|
0.02
|
%
|
|||
|
South Towne Dental Center, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2025
|
|
|
50.0
|
|
|
49.4
|
|
|
49.3
|
|
|
0.02
|
%
|
|||
|
Finish Strong Inc dba FASTSIGNS St Peters
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2025
|
|
|
50.0
|
|
|
49.4
|
|
|
41.6
|
|
|
0.02
|
%
|
|||
|
AGV Enterprises LLC dba Jet's Pizza #42
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/31/2024
|
|
|
54.8
|
|
|
49.2
|
|
|
42.0
|
|
|
0.02
|
%
|
|||
|
Southeast Chicago Soccer, Inc.
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2038
|
|
|
51.3
|
|
|
49.1
|
|
|
50.5
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Trading Group 3 Inc
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2025
|
|
|
50.0
|
|
|
49.1
|
|
|
41.3
|
|
|
0.02
|
%
|
|||
|
Java Warung, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/19/2038
|
|
|
51.0
|
|
|
48.4
|
|
|
50.0
|
|
|
0.02
|
%
|
|||
|
DRV Enterprise, Inc. dba Cici's Pizza # 339
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/26/2022
|
|
|
65.0
|
|
|
48.2
|
|
|
48.8
|
|
|
0.02
|
%
|
|||
|
Ryan D. Thornton and Thornton & Associates LLC
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/24/2023
|
|
|
68.8
|
|
|
47.5
|
|
|
46.1
|
|
|
0.02
|
%
|
|||
|
Highway Striping Inc
|
|
Heavy and Civil Engineering Construction
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2024
|
|
|
53.1
|
|
|
47.3
|
|
|
44.4
|
|
|
0.02
|
%
|
|||
|
Feel The World Inc dba Xero Shoes and Invisible Shoes
|
|
Leather and Allied Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/5/2024
|
|
|
51.9
|
|
|
47.3
|
|
|
40.4
|
|
|
0.02
|
%
|
|||
|
CJR LLC (EPC) and PowerWash Plus, Inc. (OC)
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/30/2024
|
|
|
53.0
|
|
|
46.9
|
|
|
45.8
|
|
|
0.02
|
%
|
|||
|
Alexandra Afentoulides dba Vi's Pizza Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2040
|
|
|
46.3
|
|
|
46.3
|
|
|
47.1
|
|
|
0.02
|
%
|
|||
|
Screenmobile Management Inc
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/14/2025
|
|
|
47.0
|
|
|
46.1
|
|
|
39.2
|
|
|
0.02
|
%
|
|||
|
Will Zac Management LLC dba Papa John's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2024
|
|
|
48.8
|
|
|
46.1
|
|
|
45.9
|
|
|
0.02
|
%
|
|||
|
Any Garment Cleaner-East Brunswick, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2023
|
|
|
53.8
|
|
|
45.7
|
|
|
44.8
|
|
|
0.02
|
%
|
|||
|
CBA D&A Pope, LLC dba Christian Brothers Automotive
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/14/2018
|
|
|
144.9
|
|
|
45.6
|
|
|
45.9
|
|
|
0.02
|
%
|
|||
|
Chickamauga Properties, Inc. and MSW Enterprises, LLP
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/19/2022
|
|
|
59.8
|
|
|
45.0
|
|
|
45.5
|
|
|
0.02
|
%
|
|||
|
LABH, Inc. t/a Ramada Ltd.
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
9/27/2024
|
|
|
555.0
|
|
|
44.9
|
|
|
45.0
|
|
|
0.02
|
%
|
|||
|
B for Brunette
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/10/2023
|
|
|
53.4
|
|
|
44.9
|
|
|
41.1
|
|
|
0.02
|
%
|
|||
|
Delta Partners, LLC dba Delta Carwash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
4/5/2029
|
|
|
280.9
|
|
|
44.8
|
|
|
45.7
|
|
|
0.02
|
%
|
|||
|
Rudy & Louise Chavez dba Clyde's Auto and Furniture Upholstery
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/2/2035
|
|
|
50.1
|
|
|
44.7
|
|
|
46.6
|
|
|
0.02
|
%
|
|||
|
Stellar Environmental LLC
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2023
|
|
|
56.3
|
|
|
44.3
|
|
|
44.5
|
|
|
0.02
|
%
|
|||
|
Alyssa Corp dba Knights Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
9/30/2023
|
|
|
350.0
|
|
|
44.2
|
|
|
44.3
|
|
|
0.02
|
%
|
|||
|
Jatcoia, LLC dba Plato's Closet
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/15/2023
|
|
|
65.0
|
|
|
44.2
|
|
|
44.3
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
MM and M Management Inc dba Pizza Artista
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/19/2025
|
|
|
46.3
|
|
|
44.0
|
|
|
37.4
|
|
|
0.02
|
%
|
|||
|
Morning Star Trucking LLC and Morning Star Equipment and Leasing LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/17/2023
|
|
|
53.8
|
|
|
43.8
|
|
|
39.9
|
|
|
0.02
|
%
|
|||
|
Sound Coaching Inc
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/14/2025
|
|
|
44.4
|
|
|
42.5
|
|
|
35.3
|
|
|
0.02
|
%
|
|||
|
Jaymie Hazard dba Indigo Hair Studio and Day Spa
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/20/2040
|
|
|
42.9
|
|
|
42.4
|
|
|
40.7
|
|
|
0.02
|
%
|
|||
|
Thomas P. Scoville dba Scoville Plumbing & Heating, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/16/2021
|
|
|
62.5
|
|
|
41.6
|
|
|
42.2
|
|
|
0.02
|
%
|
|||
|
Stephen Frank, Patricia Frank and Suds Express LLC dba Frank Chiropra
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/25/2023
|
|
|
63.0
|
|
|
41.0
|
|
|
41.7
|
|
|
0.02
|
%
|
|||
|
Lavertue Properties LLP dba Lavertue Properties
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2036
|
|
|
44.8
|
|
|
40.9
|
|
|
42.8
|
|
|
0.02
|
%
|
|||
|
Equity National Capital LLC & Chadbourne Road Capital, LLC
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2021
|
|
|
62.5
|
|
|
40.8
|
|
|
40.8
|
|
|
0.02
|
%
|
|||
|
Excel RP, Inc./Kevin and Joann Foley
|
|
Machinery Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/8/2028
|
|
|
50.0
|
|
|
40.1
|
|
|
41.2
|
|
|
0.02
|
%
|
|||
|
Peanut Butter & Co., Inc. d/b/a Peanut Butter & Co.
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/3/2021
|
|
|
65.5
|
|
|
39.8
|
|
|
40.0
|
|
|
0.02
|
%
|
|||
|
Financial Network Recovery
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2025
|
|
|
40.0
|
|
|
39.3
|
|
|
33.1
|
|
|
0.02
|
%
|
|||
|
Jojan, Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
12/18/2031
|
|
|
204.8
|
|
|
39.2
|
|
|
39.4
|
|
|
0.02
|
%
|
|||
|
All American Printing
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2032
|
|
|
69.8
|
|
|
39.0
|
|
|
40.6
|
|
|
0.02
|
%
|
|||
|
Play and Stay LLC dba Zoom Room Tinton Falls
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2024
|
|
|
42.1
|
|
|
38.8
|
|
|
32.2
|
|
|
0.02
|
%
|
|||
|
K9 Bytes, Inc & Epazz, Inc dba K9 Bytes, Inc
|
|
Publishing Industries (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2021
|
|
|
58.8
|
|
|
38.8
|
|
|
38.7
|
|
|
0.02
|
%
|
|||
|
Legacy Estate Planning Inc dba American Casket Enterprises
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2024
|
|
|
42.0
|
|
|
38.8
|
|
|
32.2
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Valiev Ballet Academy, Inc
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/12/2036
|
|
|
91.5
|
|
|
38.8
|
|
|
40.4
|
|
|
0.02
|
%
|
|||
|
Kids in Motion of Springfield LLC dba The Little Gym of Springfield IL
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2023
|
|
|
45.0
|
|
|
38.7
|
|
|
35.8
|
|
|
0.02
|
%
|
|||
|
Serious-Fun in Alpharetta, LLC dba The Little Gym of Alpharetta
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/20/2023
|
|
|
46.3
|
|
|
38.6
|
|
|
35.9
|
|
|
0.02
|
%
|
|||
|
Scoville Plumbing & Heating Inc and Thomas P. Scoville
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/25/2022
|
|
|
50.0
|
|
|
38.3
|
|
|
38.7
|
|
|
0.02
|
%
|
|||
|
Alma J. and William R. Walton (EPC) and Almas Child Day Care Center
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/11/2038
|
|
|
39.5
|
|
|
37.9
|
|
|
39.0
|
|
|
0.02
|
%
|
|||
|
Lahoba,LLC dba Papa John's Pizza
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/30/2034
|
|
|
42.5
|
|
|
37.3
|
|
|
39.0
|
|
|
0.02
|
%
|
|||
|
Orange County Cleaning Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2024
|
|
|
41.3
|
|
|
37.3
|
|
|
31.0
|
|
|
0.02
|
%
|
|||
|
Lodin Medical Imaging, LLC dba Watson Imaging Center
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/1/2020
|
|
|
66.4
|
|
|
37.3
|
|
|
37.7
|
|
|
0.02
|
%
|
|||
|
Janice B. McShan and The Metropolitan Day School, LLC
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2023
|
|
|
42.8
|
|
|
36.9
|
|
|
36.8
|
|
|
0.02
|
%
|
|||
|
Aiello's Pizzeria LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/18/2024
|
|
|
42.8
|
|
|
36.5
|
|
|
34.2
|
|
|
0.02
|
%
|
|||
|
M & H Pine Straw, Inc.and Harris Maloy
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/10/2020
|
|
|
67.5
|
|
|
36.2
|
|
|
36.5
|
|
|
0.02
|
%
|
|||
|
ENI Inc. dba ENI Group, Inc
|
|
Other Information Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2025
|
|
|
36.0
|
|
|
36.0
|
|
|
31.8
|
|
|
0.02
|
%
|
|||
|
Capital Scrap Metal LLC
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
36.0
|
|
|
36.0
|
|
|
30.7
|
|
|
0.02
|
%
|
|||
|
KIND-ER-ZZ Inc dba Kidville
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/15/2022
|
|
|
50.0
|
|
|
35.7
|
|
|
35.6
|
|
|
0.02
|
%
|
|||
|
Gulfport Academy Child Care and Learning Center, Inc. and Jennifer Sis
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2023
|
|
|
43.3
|
|
|
35.6
|
|
|
35.1
|
|
|
0.02
|
%
|
|||
|
Babie Bunnie Enterprises Inc dba Triangle Mothercare
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2027
|
|
|
46.3
|
|
|
35.4
|
|
|
34.7
|
|
|
0.02
|
%
|
|||
|
Dave Kris, and MDK Ram Corp.
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/5/2026
|
|
|
221.0
|
|
|
35.0
|
|
|
35.9
|
|
|
0.02
|
%
|
|||
|
Actknowledge,Inc dba Actknowledge
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/21/2021
|
|
|
57.3
|
|
|
34.7
|
|
|
35.1
|
|
|
0.02
|
%
|
|||
|
401 JJS, Corp and G. Randazzo's Trattoria Corporation
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/1/2040
|
|
|
52.8
|
|
|
34.3
|
|
|
35.0
|
|
|
0.02
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Andrene's LLC dba Andrene's Caribbean Soul Food Carry Out
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/23/2024
|
|
|
37.8
|
|
|
34.3
|
|
|
28.6
|
|
|
0.01
|
%
|
|||
|
CPN Motel, L.L.C. dba American Motor Lodge
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
4/30/2024
|
|
|
379.0
|
|
|
34.0
|
|
|
34.1
|
|
|
0.02
|
%
|
|||
|
Smooth Grounds, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
7.75%
|
|
10/11/2016
|
|
|
64.5
|
|
|
33.9
|
|
|
34.1
|
|
|
0.02
|
%
|
|||
|
Naseeb Corporation
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
3/31/2024
|
|
|
402.5
|
|
|
33.1
|
|
|
33.1
|
|
|
0.02
|
%
|
|||
|
Harbor Ventilation Inc and Estes Investment, LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/19/2038
|
|
|
92.1
|
|
|
32.8
|
|
|
33.7
|
|
|
0.02
|
%
|
|||
|
Kino Oil of Texas, LLC dba Kino Oil
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2020
|
|
|
60.0
|
|
|
32.6
|
|
|
32.9
|
|
|
0.02
|
%
|
|||
|
My Jewels, LLC dba The UPS Store #6712
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/7/2025
|
|
|
56.3
|
|
|
32.4
|
|
|
27.3
|
|
|
0.01
|
%
|
|||
|
Kinisi, Inc. dba The River North UPS Store
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2024
|
|
|
41.3
|
|
|
32.2
|
|
|
31.2
|
|
|
0.02
|
%
|
|||
|
Center-Mark Car Wash, Ltd
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/18/2024
|
|
|
221.3
|
|
|
30.7
|
|
|
31.4
|
|
|
0.02
|
%
|
|||
|
Robert F. Schuler and Lori A. Schuler dba Bob’s Service Center
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2035
|
|
|
34.0
|
|
|
30.5
|
|
|
31.8
|
|
|
0.02
|
%
|
|||
|
Dream Envy, Ltd. d/b/a Massage Envy
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/9/2018
|
|
|
88.0
|
|
|
30.4
|
|
|
30.7
|
|
|
0.02
|
%
|
|||
|
Deesha Corporation, Inc. dba Best Inn & Suites
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
2/14/2025
|
|
|
250.0
|
|
|
30.0
|
|
|
30.1
|
|
|
0.01
|
%
|
|||
|
Twietmeyer Dentistry PA
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2017
|
|
|
148.9
|
|
|
29.0
|
|
|
29.2
|
|
|
0.01
|
%
|
|||
|
CMA Consulting dba Construction Management Associates
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2019
|
|
|
58.5
|
|
|
28.6
|
|
|
28.7
|
|
|
0.01
|
%
|
|||
|
North Atlanta RV Rentals LLC
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2025
|
|
|
144.3
|
|
|
28.2
|
|
|
23.5
|
|
|
0.01
|
%
|
|||
|
Little People’s Village, LLC dba Little People’s Village
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/31/2036
|
|
|
31.1
|
|
|
28.0
|
|
|
29.2
|
|
|
0.01
|
%
|
|||
|
Maruti, Inc
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
11/25/2024
|
|
|
220.0
|
|
|
27.9
|
|
|
28.0
|
|
|
0.01
|
%
|
|||
|
A & A Acquisition, Inc. dba A & A International
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/15/2018
|
|
|
100.0
|
|
|
26.8
|
|
|
27.0
|
|
|
0.01
|
%
|
|||
|
ActKnowledge,Inc dba ActKnowledge
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2020
|
|
|
50.0
|
|
|
26.5
|
|
|
26.9
|
|
|
0.01
|
%
|
|||
|
Planet Verte, LLC dba Audio Unlimited of Oceanside
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/28/2019
|
|
|
57.0
|
|
|
26.5
|
|
|
26.6
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Seven Stars Enterprises, Inc. dba Atlanta Bread Company
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/30/2018
|
|
|
86.3
|
|
|
26.4
|
|
|
26.6
|
|
|
0.01
|
%
|
|||
|
K & D Family and Associates, Inc. dba Philly Pretzel Factory
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/5/2018
|
|
|
81.3
|
|
|
26.3
|
|
|
26.5
|
|
|
0.01
|
%
|
|||
|
39581 Garfield, LLC and Tricounty Neurological Associates, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2036
|
|
|
28.5
|
|
|
25.9
|
|
|
26.9
|
|
|
0.01
|
%
|
|||
|
Craig R Freehauf d/b/a Lincoln Theatre
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2022
|
|
|
47.9
|
|
|
25.3
|
|
|
25.7
|
|
|
0.01
|
%
|
|||
|
Shree OM Lodging, LLC dba Royal Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2035
|
|
|
27.7
|
|
|
24.9
|
|
|
25.9
|
|
|
0.01
|
%
|
|||
|
Lincoln Park Physical Therapy
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/20/2020
|
|
|
43.5
|
|
|
24.4
|
|
|
24.7
|
|
|
0.01
|
%
|
|||
|
Aldine Funeral Chapel, LLC dba Aldine Funeral Chapel
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/8/2038
|
|
|
73.8
|
|
|
24.0
|
|
|
24.9
|
|
|
0.01
|
%
|
|||
|
Parties By Pat, Inc. and Jose M. Martinez Jr.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2017
|
|
|
93.1
|
|
|
22.8
|
|
|
23.0
|
|
|
0.01
|
%
|
|||
|
B & J Manufacturing Corporation and Benson Realty Trust
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2%
|
|
3/30/2021
|
|
|
250.0
|
|
|
22.6
|
|
|
22.4
|
|
|
0.01
|
%
|
|||
|
Gain Laxmi, Inc. dba Super 8 Motel
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
5/31/2023
|
|
|
202.5
|
|
|
22.5
|
|
|
22.5
|
|
|
0.01
|
%
|
|||
|
RDT Enterprises, L.L.C.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/12/2025
|
|
|
22.5
|
|
|
22.5
|
|
|
20.9
|
|
|
0.01
|
%
|
|||
|
Medeiros Holdings Inc dba Outdoor Lighting Perspectives of the Triad
|
|
Electrical Equipment, Appliance, and Component Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2025
|
|
|
22.5
|
|
|
22.5
|
|
|
19.0
|
|
|
0.01
|
%
|
|||
|
AGR Foodmart Inc dba Nashua Road Mobil
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2025
|
|
|
22.5
|
|
|
22.5
|
|
|
21.1
|
|
|
0.01
|
%
|
|||
|
DC Enterprises Ltd. dba Lakeview True Value
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/14/2025
|
|
|
22.5
|
|
|
22.5
|
|
|
21.2
|
|
|
0.01
|
%
|
|||
|
ADMO Inc dba Mid States Equipment
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/8/2025
|
|
|
22.5
|
|
|
22.4
|
|
|
19.3
|
|
|
0.01
|
%
|
|||
|
Insurance Fire & Water Restorations, LLC
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/23/2025
|
|
|
22.5
|
|
|
22.4
|
|
|
21.0
|
|
|
0.01
|
%
|
|||
|
New Hampshire Precision Metal Fabricators, Inc.
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/23/2025
|
|
|
22.5
|
|
|
22.4
|
|
|
22.3
|
|
|
0.01
|
%
|
|||
|
Bisson Transportation Inc dba I & R Associates and Document Secutiry
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/30/2025
|
|
|
22.5
|
|
|
22.4
|
|
|
20.8
|
|
|
0.01
|
%
|
|||
|
Binky's Vapes LLC
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2025
|
|
|
22.5
|
|
|
22.2
|
|
|
18.7
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Planet Verte,LLC d/b/a Audio Unlimited
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/20/2020
|
|
|
40.0
|
|
|
22.0
|
|
|
22.0
|
|
|
0.01
|
%
|
|||
|
575 Columbus Avenue Holding Company, LLC and LA-ZE LLC dba EST EST EST
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/30/2039
|
|
|
22.5
|
|
|
22.0
|
|
|
22.3
|
|
|
0.01
|
%
|
|||
|
Smart Artists Inc.
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/23/2025
|
|
|
22.5
|
|
|
21.9
|
|
|
18.5
|
|
|
0.01
|
%
|
|||
|
Delray Scrap Recycling LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/31/2025
|
|
|
22.5
|
|
|
21.8
|
|
|
18.4
|
|
|
0.01
|
%
|
|||
|
Square Deal Siding Company,LLC dba Square Deal Siding Company
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/18/2025
|
|
|
22.5
|
|
|
21.8
|
|
|
21.7
|
|
|
0.01
|
%
|
|||
|
Evinger PA One, Inc. dba Postal Annex, Falcon
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/24/2025
|
|
|
22.5
|
|
|
21.8
|
|
|
19.3
|
|
|
0.01
|
%
|
|||
|
E & G Enterprises LLC dba Comfort Keepers
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2025
|
|
|
22.5
|
|
|
21.8
|
|
|
18.2
|
|
|
0.01
|
%
|
|||
|
Members Only Software
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2020
|
|
|
40.3
|
|
|
21.8
|
|
|
21.9
|
|
|
0.01
|
%
|
|||
|
RJI Services, Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2025
|
|
|
22.5
|
|
|
21.6
|
|
|
18.0
|
|
|
0.01
|
%
|
|||
|
KenBro Enterprises LLC dba Hearing Aids by Zounds-Cherry Hill
|
|
Health and Personal Care Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/18/2023
|
|
|
25.8
|
|
|
21.5
|
|
|
20.9
|
|
|
0.01
|
%
|
|||
|
Giacchino Maritime Consultants Inc
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/17/2025
|
|
|
22.5
|
|
|
21.5
|
|
|
17.9
|
|
|
0.01
|
%
|
|||
|
Ragazza Restaurant Group, Inc. dba Bambolina
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/21/2025
|
|
|
22.5
|
|
|
21.5
|
|
|
18.8
|
|
|
0.01
|
%
|
|||
|
Diamond Solutions LLC
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/21/2025
|
|
|
22.5
|
|
|
21.5
|
|
|
17.9
|
|
|
0.01
|
%
|
|||
|
Gurtej Singh and Ranjit Kaur dba Food Fair Market
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/18/2025
|
|
|
22.5
|
|
|
21.4
|
|
|
17.8
|
|
|
0.01
|
%
|
|||
|
Zero-In Media Inc
|
|
Data Processing, Hosting, and Related Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/25/2025
|
|
|
22.5
|
|
|
21.4
|
|
|
17.8
|
|
|
0.01
|
%
|
|||
|
Pen Tex Inc dba The UPS Store
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2025
|
|
|
22.0
|
|
|
21.2
|
|
|
17.6
|
|
|
0.01
|
%
|
|||
|
Trading Group 3, Inc.
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/26/2024
|
|
|
22.5
|
|
|
20.8
|
|
|
17.3
|
|
|
0.01
|
%
|
|||
|
J.R. Wheeler Corporation dba Structurz Exhibits and Graphics
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/24/2025
|
|
|
21.0
|
|
|
20.7
|
|
|
20.7
|
|
|
0.01
|
%
|
|||
|
Auto Shine Carwash Inc and AKM R. Hossain and Jessica F. Masud
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2024
|
|
|
22.5
|
|
|
20.5
|
|
|
17.8
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Jatcoia 60056, LLC dba Style Encore
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2025
|
|
|
22.3
|
|
|
20.4
|
|
|
19.1
|
|
|
0.01
|
%
|
|||
|
H.H. Leonards Trust and Potomac Fund LLC and The 2020 O Street Corporation
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/23/2020
|
|
|
62.0
|
|
|
20.3
|
|
|
20.5
|
|
|
0.01
|
%
|
|||
|
TJU-DGT Inc dba The Lorenz Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/26/2029
|
|
|
20.6
|
|
|
20.2
|
|
|
20.0
|
|
|
0.01
|
%
|
|||
|
L&S Insurance & Financial Services Inc
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/25/2024
|
|
|
22.5
|
|
|
20.2
|
|
|
17.1
|
|
|
0.01
|
%
|
|||
|
Complete Body & Paint, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/23/2039
|
|
|
20.8
|
|
|
20.2
|
|
|
20.7
|
|
|
0.01
|
%
|
|||
|
Any Garment Cleaner-East Brunswick, Inc dba Any Garment Cleaner
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/18/2020
|
|
|
42.5
|
|
|
20.2
|
|
|
20.4
|
|
|
0.01
|
%
|
|||
|
Sujata Inc dba Stop N Save Food Mart and Dhruvesh Patel
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/3/2024
|
|
|
22.5
|
|
|
20.0
|
|
|
18.7
|
|
|
0.01
|
%
|
|||
|
Pocono Coated Products, LLC
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/30/2024
|
|
|
22.5
|
|
|
19.9
|
|
|
19.5
|
|
|
0.01
|
%
|
|||
|
Palmabak Inc dba Mami Nora's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/22/2025
|
|
|
21.5
|
|
|
19.7
|
|
|
19.5
|
|
|
0.01
|
%
|
|||
|
Diag, LLC dba Kidville
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/21/2020
|
|
|
37.5
|
|
|
19.4
|
|
|
19.5
|
|
|
0.01
|
%
|
|||
|
One Hour Jewelry Repair Inc
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/14/2024
|
|
|
20.6
|
|
|
18.9
|
|
|
15.7
|
|
|
0.01
|
%
|
|||
|
MCF Forte LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2025
|
|
|
18.8
|
|
|
18.8
|
|
|
16.0
|
|
|
0.01
|
%
|
|||
|
Carolina Beefs, LLC dba Beef O'Brady's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/13/2025
|
|
|
19.5
|
|
|
18.6
|
|
|
15.5
|
|
|
0.01
|
%
|
|||
|
Icore Enterprises Inc dba Air Flow Filters Inc
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/15/2024
|
|
|
21.8
|
|
|
18.6
|
|
|
18.7
|
|
|
0.01
|
%
|
|||
|
Caribbean Concepts, Inc. dba Quick Bleach
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/12/2023
|
|
|
22.5
|
|
|
18.6
|
|
|
17.3
|
|
|
0.01
|
%
|
|||
|
M and C Renovations Inc
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/31/2024
|
|
|
20.3
|
|
|
18.6
|
|
|
15.5
|
|
|
0.01
|
%
|
|||
|
Tammy's Bakery, Inc. dba Tammy's Bakery
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/10/2017
|
|
|
71.8
|
|
|
18.5
|
|
|
18.6
|
|
|
0.01
|
%
|
|||
|
Min Hui Lin
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/30/2028
|
|
|
134.3
|
|
|
18.5
|
|
|
19.1
|
|
|
0.01
|
%
|
|||
|
Major Queens Body & Fender Corp
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/10/2021
|
|
|
28.6
|
|
|
18.2
|
|
|
18.5
|
|
|
0.01
|
%
|
|||
|
Shuttle Car Wash, Inc. dba Shuttle Car Wash
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
11/10/2028
|
|
|
109.8
|
|
|
18.2
|
|
|
18.2
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Gray Tree Service, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2018
|
|
|
50.0
|
|
|
18.2
|
|
|
18.3
|
|
|
0.01
|
%
|
|||
|
Hattingh Incorporated dba Prosthetic Care Facility
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/21/2025
|
|
|
18.0
|
|
|
18.0
|
|
|
16.0
|
|
|
0.01
|
%
|
|||
|
Hurshell Leon Dutton dba High Jump Party Rentals
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2025
|
|
|
17.6
|
|
|
17.6
|
|
|
17.1
|
|
|
0.01
|
%
|
|||
|
Boilermaker Industries LLC dba PostNet
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/9/2024
|
|
|
18.8
|
|
|
17.5
|
|
|
16.1
|
|
|
0.01
|
%
|
|||
|
The Amendments Group LLC dba Brightstar
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2022
|
|
|
22.5
|
|
|
17.2
|
|
|
17.4
|
|
|
0.01
|
%
|
|||
|
EGM Food Services Inc dba Gold Star Chili
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/29/2024
|
|
|
19.2
|
|
|
17.0
|
|
|
15.9
|
|
|
0.01
|
%
|
|||
|
Hi-Def Imaging, Inc. dba SpeedPro Imaging
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/9/2022
|
|
|
22.2
|
|
|
16.8
|
|
|
16.5
|
|
|
0.01
|
%
|
|||
|
Tracey Vita-Morris dba Tracey Vita's School of Dance
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/10/2022
|
|
|
22.5
|
|
|
16.1
|
|
|
16.0
|
|
|
0.01
|
%
|
|||
|
St Judes Physical Therapy P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/19/2022
|
|
|
21.0
|
|
|
15.9
|
|
|
16.1
|
|
|
0.01
|
%
|
|||
|
Tri-State Remodeling & Investments, LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2025
|
|
|
15.9
|
|
|
15.9
|
|
|
15.2
|
|
|
0.01
|
%
|
|||
|
Panditos LLC dba White Lotus Home
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2025
|
|
|
15.9
|
|
|
15.9
|
|
|
13.4
|
|
|
0.01
|
%
|
|||
|
Opes Campitor Corporation dba Frux Documents
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2025
|
|
|
16.5
|
|
|
15.9
|
|
|
13.5
|
|
|
0.01
|
%
|
|||
|
JSIL LLC dba Blackstones Hairdressing
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/16/2023
|
|
|
19.5
|
|
|
15.8
|
|
|
14.9
|
|
|
0.01
|
%
|
|||
|
Nancy Carapelluci & A & M Seasonal Corner Inc.
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/1/2025
|
|
|
106.9
|
|
|
15.8
|
|
|
16.2
|
|
|
0.01
|
%
|
|||
|
TOL LLC dba Wild Birds Unlimited
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/13/2023
|
|
|
18.0
|
|
|
15.8
|
|
|
15.0
|
|
|
0.01
|
%
|
|||
|
Vanderhoof LLC dba Soxfords
|
|
Apparel Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2025
|
|
|
15.9
|
|
|
15.7
|
|
|
13.2
|
|
|
0.01
|
%
|
|||
|
Vallmar Studios, LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/21/2025
|
|
|
15.8
|
|
|
15.6
|
|
|
13.1
|
|
|
0.01
|
%
|
|||
|
Frozen Treats of Hollywood FL, LLC dba Sub Zero Ice Cream
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/22/2025
|
|
|
15.8
|
|
|
15.6
|
|
|
13.8
|
|
|
0.01
|
%
|
|||
|
Chitalian Fratelli LLC dba Francesca Brick Oven Pizza and Pasta
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2025
|
|
|
16.1
|
|
|
15.5
|
|
|
12.9
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Myclean Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2025
|
|
|
15.9
|
|
|
15.4
|
|
|
12.8
|
|
|
0.01
|
%
|
|||
|
Kings Laundry,LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/30/2017
|
|
|
64.5
|
|
|
15.3
|
|
|
15.4
|
|
|
0.01
|
%
|
|||
|
Balthazar Management Virgin Islands, LLC dba The Beach Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/22/2025
|
|
|
15.8
|
|
|
15.3
|
|
|
15.2
|
|
|
0.01
|
%
|
|||
|
Karis, Inc.
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2%
|
|
12/22/2023
|
|
|
148.8
|
|
|
15.0
|
|
|
14.9
|
|
|
0.01
|
%
|
|||
|
Michael S. Decker & Janet Decker dba The Hen House Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2036
|
|
|
16.4
|
|
|
15.0
|
|
|
15.6
|
|
|
0.01
|
%
|
|||
|
Bradley Stinson and Associates Inc
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/19/2025
|
|
|
15.0
|
|
|
15.0
|
|
|
12.6
|
|
|
0.01
|
%
|
|||
|
Elite Institute LLC dba Huntington Learning Center
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/28/2025
|
|
|
15.0
|
|
|
14.9
|
|
|
12.6
|
|
|
0.01
|
%
|
|||
|
Zouk, Ltd. dba Palma
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/25/2020
|
|
|
27.5
|
|
|
14.7
|
|
|
14.9
|
|
|
0.01
|
%
|
|||
|
Graphish Studio, Inc. and Scott Fishoff
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/14/2022
|
|
|
20.3
|
|
|
14.6
|
|
|
14.6
|
|
|
0.01
|
%
|
|||
|
Jay Kevin Gremillion dba Dino Smiles Children's Cosmetic Dentistry
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
73.0
|
|
|
14.6
|
|
|
14.6
|
|
|
0.01
|
%
|
|||
|
28 Cornelia Street Properties, LLC and Zouk, Ltd.dba Palma
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/25/2021
|
|
|
22.5
|
|
|
14.6
|
|
|
14.8
|
|
|
0.01
|
%
|
|||
|
Vision Network Solutions, Inc.
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/12/2022
|
|
|
19.5
|
|
|
14.5
|
|
|
14.1
|
|
|
0.01
|
%
|
|||
|
PM Cassidy Enterprises, Inc. dba Junk King
|
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/19/2025
|
|
|
14.9
|
|
|
14.4
|
|
|
12.0
|
|
|
0.01
|
%
|
|||
|
Orchid Enterprises Inc dba Assisting Hands of Sussex County
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/24/2025
|
|
|
15.0
|
|
|
14.3
|
|
|
12.0
|
|
|
0.01
|
%
|
|||
|
Windsor Direct Distribution LLC
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/26/2025
|
|
|
14.3
|
|
|
14.2
|
|
|
11.9
|
|
|
0.01
|
%
|
|||
|
Atlas Mountain Construction LLC
|
|
Construction of Buildings
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/28/2024
|
|
|
16.5
|
|
|
14.1
|
|
|
14.2
|
|
|
0.01
|
%
|
|||
|
Michael S. Korfe dba North Valley Auto Repair
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2036
|
|
|
15.5
|
|
|
14.0
|
|
|
14.6
|
|
|
0.01
|
%
|
|||
|
Burks & Sons Development LLC dba Tropical Smoothie Cafe
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/22/2018
|
|
|
49.8
|
|
|
13.9
|
|
|
14.0
|
|
|
0.01
|
%
|
|||
|
Laura L. Smith dba Lisa Smith Studio
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/3/2024
|
|
|
15.0
|
|
|
13.8
|
|
|
11.4
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Insurance Problem Solvers LLC
|
|
Insurance Carriers and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/20/2023
|
|
|
17.1
|
|
|
13.7
|
|
|
13.3
|
|
|
0.01
|
%
|
|||
|
Gator Communications Group, LLC dba Harvard Printing Group
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2023
|
|
|
17.3
|
|
|
13.7
|
|
|
13.6
|
|
|
0.01
|
%
|
|||
|
Duttakrupa, LLC dba Birmingham Motor Court
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.25%
|
|
9/8/2023
|
|
|
98.8
|
|
|
13.6
|
|
|
13.6
|
|
|
0.01
|
%
|
|||
|
Maynard Enterprises Inc dba Fastsigns of Texarkana
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2023
|
|
|
16.1
|
|
|
13.5
|
|
|
12.6
|
|
|
0.01
|
%
|
|||
|
Daniel W. Stark dba Mountain Valley Lodge and RV Park
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2040
|
|
|
13.5
|
|
|
13.5
|
|
|
13.7
|
|
|
0.01
|
%
|
|||
|
Willington Hills Equestrian Center LLC
|
|
Animal Production and Aquaculture
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/19/2022
|
|
|
85.0
|
|
|
13.2
|
|
|
13.5
|
|
|
0.01
|
%
|
|||
|
Atlanta Vascular Research Organization, Inc dba Atlanta Vascular Found
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/6/2020
|
|
|
24.3
|
|
|
13.2
|
|
|
13.4
|
|
|
0.01
|
%
|
|||
|
AcuCall LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2023
|
|
|
15.8
|
|
|
13.1
|
|
|
12.0
|
|
|
0.01
|
%
|
|||
|
Nicor LLC dba Fibrenew Sacramento
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/5/2022
|
|
|
13.8
|
|
|
13.1
|
|
|
10.9
|
|
|
0.01
|
%
|
|||
|
John B. Houston Funeral Home, Inc. dba George E. Cushnie Funeral Home
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2028
|
|
|
78.8
|
|
|
13.0
|
|
|
13.4
|
|
|
0.01
|
%
|
|||
|
Clean Brothers Company Inc dba ServPro of North Washington County
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/21/2022
|
|
|
17.0
|
|
|
12.8
|
|
|
12.6
|
|
|
0.01
|
%
|
|||
|
1911 East Main Street Holdings, Corp
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/18/2032
|
|
|
15.8
|
|
|
12.8
|
|
|
13.3
|
|
|
0.01
|
%
|
|||
|
WeaverVentures, Inc dba The UPS Store
|
|
Postal Service
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/28/2020
|
|
|
23.8
|
|
|
12.8
|
|
|
12.9
|
|
|
0.01
|
%
|
|||
|
Pegasus Automotive, Inc.
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2022
|
|
|
112.5
|
|
|
12.4
|
|
|
12.7
|
|
|
0.01
|
%
|
|||
|
S.Drake LLC dba Express Employment Professionals of Ann Arbor, Michigan
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/31/2023
|
|
|
18.8
|
|
|
12.3
|
|
|
11.4
|
|
|
0.01
|
%
|
|||
|
Blue Ox Trucking Inc.
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2025
|
|
|
12.3
|
|
|
12.3
|
|
|
12.3
|
|
|
0.01
|
%
|
|||
|
Lefont Theaters Inc.
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/19/2023
|
|
|
14.4
|
|
|
12.2
|
|
|
11.7
|
|
|
0.01
|
%
|
|||
|
McCallister Venture Group, LLC and Maw's Vittles, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/30/2029
|
|
|
75.0
|
|
|
12.2
|
|
|
12.6
|
|
|
0.01
|
%
|
|||
|
DeRidder Chiropractic LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2024
|
|
|
13.2
|
|
|
12.2
|
|
|
11.9
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
AJK Enterprise LLC dba AJK Enterprise LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2022
|
|
|
16.5
|
|
|
12.2
|
|
|
12.2
|
|
|
0.01
|
%
|
|||
|
P. Agrino, Inc. dba Andover Diner
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/18/2021
|
|
|
150.0
|
|
|
12.0
|
|
|
12.2
|
|
|
0.01
|
%
|
|||
|
Nelson Financial Services LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/24/2025
|
|
|
12.5
|
|
|
11.7
|
|
|
9.8
|
|
|
—
|
%
|
|||
|
North Country Transport, LLC
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/6/2023
|
|
|
15.0
|
|
|
11.7
|
|
|
11.8
|
|
|
0.01
|
%
|
|||
|
Abbondanza Market LLC dba Hampton Falls Village Market
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
73.8
|
|
|
11.7
|
|
|
11.7
|
|
|
0.01
|
%
|
|||
|
Indoor Playgrounds Limited Liability Company dba Kidville
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/5/2022
|
|
|
19.5
|
|
|
11.5
|
|
|
11.6
|
|
|
0.01
|
%
|
|||
|
Loriet LLC
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/24/2025
|
|
|
12.0
|
|
|
11.4
|
|
|
9.5
|
|
|
—
|
%
|
|||
|
Diamond Memorials Incorporated
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2023
|
|
|
14.3
|
|
|
11.3
|
|
|
10.3
|
|
|
0.01
|
%
|
|||
|
DWeb Studio, Inc.
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/25/2025
|
|
|
11.3
|
|
|
11.3
|
|
|
9.5
|
|
|
—
|
%
|
|||
|
CJ Park Inc. dba Kidville Midtown West
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/25/2020
|
|
|
26.4
|
|
|
11.1
|
|
|
11.2
|
|
|
0.01
|
%
|
|||
|
Play and Learn Child Care and School Inc
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/23/2025
|
|
|
11.1
|
|
|
11.1
|
|
|
11.1
|
|
|
0.01
|
%
|
|||
|
Margab, Inc. dba Smoothie King
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2017
|
|
|
44.0
|
|
|
11.0
|
|
|
11.1
|
|
|
0.01
|
%
|
|||
|
Mala Iyer, MD dba Child and Family Wellness Center
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/11/2017
|
|
|
50.0
|
|
|
11.0
|
|
|
11.0
|
|
|
0.01
|
%
|
|||
|
Learning Skills LLC and Christopher Shrope
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2025
|
|
|
10.8
|
|
|
10.8
|
|
|
9.1
|
|
|
—
|
%
|
|||
|
Georgia Safe Sidewalks LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/27/2022
|
|
|
15.0
|
|
|
10.8
|
|
|
10.7
|
|
|
0.01
|
%
|
|||
|
Luigi's on Main LLC and Luigi's Main Street Pizza Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/4/2025
|
|
|
11.3
|
|
|
10.7
|
|
|
10.6
|
|
|
0.01
|
%
|
|||
|
Kino Oil of Texas LLC dba Kino Company and B&D Oil
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/27/2035
|
|
|
12.0
|
|
|
10.5
|
|
|
10.9
|
|
|
0.01
|
%
|
|||
|
Chong Hun Im dba Kim's Market
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
2/27/2024
|
|
|
80.0
|
|
|
10.5
|
|
|
10.6
|
|
|
0.01
|
%
|
|||
|
M. Krishna, Inc. dba Super 8 Motel
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2%
|
|
3/20/2025
|
|
|
250.0
|
|
|
10.3
|
|
|
10.2
|
|
|
0.01
|
%
|
|||
|
Demand Printing Solutions, Inc. and MLM Enterprises, LLC d/b/a Demand Printing Solutions
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2021
|
|
|
16.5
|
|
|
10.3
|
|
|
10.4
|
|
|
0.01
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
K9 Bytes, Inc & Epazz, Inc
|
|
Publishing Industries (except Internet)
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2020
|
|
|
18.5
|
|
|
10.2
|
|
|
10.2
|
|
|
0.01
|
%
|
|||
|
Prestigious LifeCare for Seniors LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/25/2025
|
|
|
9.8
|
|
|
9.7
|
|
|
8.8
|
|
|
—
|
%
|
|||
|
Dirk's Trucking, L.L.C. dba Dirk's Trucking
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/17/2020
|
|
|
17.7
|
|
|
9.7
|
|
|
9.7
|
|
|
—
|
%
|
|||
|
Taste of Inverness, Inc. dba China Garden
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2%
|
|
6/29/2025
|
|
|
73.8
|
|
|
9.6
|
|
|
9.5
|
|
|
—
|
%
|
|||
|
Jennifer T Campbell
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/31/2025
|
|
|
9.8
|
|
|
9.5
|
|
|
8.0
|
|
|
—
|
%
|
|||
|
Pedzik's Pets, LLC
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/31/2030
|
|
|
53.5
|
|
|
9.4
|
|
|
9.8
|
|
|
—
|
%
|
|||
|
Head To Toe Personalized Pampering, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/27/2031
|
|
|
52.0
|
|
|
9.4
|
|
|
9.7
|
|
|
—
|
%
|
|||
|
Daniel W and Erin H Gordon and Silver Lining Stables CT, LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/24/2023
|
|
|
11.3
|
|
|
9.2
|
|
|
9.2
|
|
|
—
|
%
|
|||
|
Capitol Compliance Associates Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/30/2025
|
|
|
15.9
|
|
|
9.0
|
|
|
7.5
|
|
|
—
|
%
|
|||
|
It's A Buffalo
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/26/2016
|
|
|
219.8
|
|
|
8.9
|
|
|
9.0
|
|
|
—
|
%
|
|||
|
Oz B. Zamir dba Zamir Marble & Granite
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
8/6/2028
|
|
|
54.0
|
|
|
8.7
|
|
|
8.8
|
|
|
—
|
%
|
|||
|
Villela CPA PL
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2025
|
|
|
9.0
|
|
|
8.7
|
|
|
7.5
|
|
|
—
|
%
|
|||
|
MiJoy Inc dba Imo's Pizza
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/18/2025
|
|
|
8.3
|
|
|
8.1
|
|
|
6.9
|
|
|
—
|
%
|
|||
|
Higher Grounds Community Coffeehouse, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/2/2025
|
|
|
8.3
|
|
|
8.1
|
|
|
7.1
|
|
|
—
|
%
|
|||
|
Kelly Chon LLC dba Shi-Golf
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/29/2021
|
|
|
17.5
|
|
|
8.1
|
|
|
8.2
|
|
|
—
|
%
|
|||
|
Joey O's LLC and Jennifer Olszewski
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/7/2024
|
|
|
13.1
|
|
|
8.0
|
|
|
6.7
|
|
|
—
|
%
|
|||
|
Aaron Delgado and Associates Inc
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/22/2025
|
|
|
8.2
|
|
|
8.0
|
|
|
6.7
|
|
|
—
|
%
|
|||
|
XCESSIVE THROTTLE, INC dba Jake's Roadhouse
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/29/2025
|
|
|
8.3
|
|
|
7.9
|
|
|
6.6
|
|
|
—
|
%
|
|||
|
Randall D. & Patricia D. Casaburi dba Pat's Pizzazz
|
|
Furniture and Home Furnishings Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/13/2023
|
|
|
68.8
|
|
|
7.9
|
|
|
8.1
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
The Conibear Corporation and Conibear Trucking, LLC
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/5/2024
|
|
|
12.0
|
|
|
7.9
|
|
|
7.4
|
|
|
—
|
%
|
|||
|
RAB Services, Inc. & Professional Floor Installations
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
1/31/2023
|
|
|
62.5
|
|
|
7.9
|
|
|
7.9
|
|
|
—
|
%
|
|||
|
JRJG, Inc. dba BrightStar HealthCare-Naperville/Oak Brook
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/23/2020
|
|
|
15.0
|
|
|
7.7
|
|
|
7.7
|
|
|
—
|
%
|
|||
|
RDJ Maayaa Inc dba RDJ Distributors
|
|
Merchant Wholesalers, Nondurable Goods
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/23/2024
|
|
|
8.7
|
|
|
7.6
|
|
|
7.0
|
|
|
—
|
%
|
|||
|
Jung Design Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/20/2022
|
|
|
8.4
|
|
|
7.6
|
|
|
6.3
|
|
|
—
|
%
|
|||
|
Cares, Inc dba Dumpling Grounds Day Care Center
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/10/2025
|
|
|
7.5
|
|
|
7.5
|
|
|
7.3
|
|
|
—
|
%
|
|||
|
Caring Hands Pediatrics,P.C. dba Caring Hands Pediatrics
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/9/2020
|
|
|
14.5
|
|
|
7.4
|
|
|
7.5
|
|
|
—
|
%
|
|||
|
A-1 Quality Services Corporation
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/29/2023
|
|
|
8.9
|
|
|
7.4
|
|
|
6.7
|
|
|
—
|
%
|
|||
|
D&L Rescources, Inc. dba The UPS Store
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/27/2022
|
|
|
9.8
|
|
|
7.4
|
|
|
7.2
|
|
|
—
|
%
|
|||
|
RJS Service Corporation
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/20/2021
|
|
|
79.0
|
|
|
7.3
|
|
|
7.4
|
|
|
—
|
%
|
|||
|
Stillwell Ave Prep School
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/14/2023
|
|
|
72.0
|
|
|
7.2
|
|
|
7.3
|
|
|
—
|
%
|
|||
|
Envy Salon & Spa LLC
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/4/2018
|
|
|
20.3
|
|
|
7.2
|
|
|
7.2
|
|
|
—
|
%
|
|||
|
Howell Gun Works LLC
|
|
Sporting Goods, Hobby, Musical Instrument, and Book Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/14/2023
|
|
|
8.3
|
|
|
7.1
|
|
|
6.4
|
|
|
—
|
%
|
|||
|
ATC Fitness, LLC dba Around the Clock Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2022
|
|
|
10.2
|
|
|
7.1
|
|
|
7.1
|
|
|
—
|
%
|
|||
|
Gilbert Chiropractic Clinic, Inc.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/7/2018
|
|
|
22.5
|
|
|
6.9
|
|
|
7.0
|
|
|
—
|
%
|
|||
|
RCB Enterprises, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2017
|
|
|
21.2
|
|
|
6.6
|
|
|
6.6
|
|
|
—
|
%
|
|||
|
ATC Fitness LLC dba Around the Clock Fitness
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2019
|
|
|
15.0
|
|
|
6.3
|
|
|
6.3
|
|
|
—
|
%
|
|||
|
Five Corners, Ltd.
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2019
|
|
|
85.0
|
|
|
6.1
|
|
|
6.2
|
|
|
—
|
%
|
|||
|
Tanner Optical, Inc. dba Murphy Eye Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/27/2022
|
|
|
8.3
|
|
|
5.8
|
|
|
5.9
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Food & Beverage Associates Of N.J. Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2021
|
|
|
10.0
|
|
|
5.6
|
|
|
5.7
|
|
|
—
|
%
|
|||
|
Track Side Collision & Tire, Inc.
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/16/2025
|
|
|
44.8
|
|
|
5.2
|
|
|
5.4
|
|
|
—
|
%
|
|||
|
OrthoQuest, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2%
|
|
3/12/2022
|
|
|
56.8
|
|
|
5.1
|
|
|
5.1
|
|
|
—
|
%
|
|||
|
Demand Printing Solutions, Inc.
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/12/2019
|
|
|
10.0
|
|
|
4.7
|
|
|
4.8
|
|
|
—
|
%
|
|||
|
Bhailal Patel dba New Falls Motel
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/27/2023
|
|
|
100.0
|
|
|
4.6
|
|
|
4.7
|
|
|
—
|
%
|
|||
|
Maria C. Sathre and David N. Sathre dba Black Forest Liquor Store
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/28/2017
|
|
|
18.6
|
|
|
4.5
|
|
|
4.5
|
|
|
—
|
%
|
|||
|
Gourmet to You, Inc.
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/28/2019
|
|
|
12.1
|
|
|
4.5
|
|
|
4.5
|
|
|
—
|
%
|
|||
|
David A. Nusblatt, D.M.D, P.C.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/11/2019
|
|
|
9.0
|
|
|
4.3
|
|
|
4.3
|
|
|
—
|
%
|
|||
|
South Dade Restoration Corp. dba Servpro of Kendall/Pinecrest
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/10/2016
|
|
|
61.8
|
|
|
4.0
|
|
|
4.0
|
|
|
—
|
%
|
|||
|
ValleyStar, Inc. dba BrightStar Healthcare
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2020
|
|
|
7.5
|
|
|
4.0
|
|
|
4.0
|
|
|
—
|
%
|
|||
|
Moonlight Multi Media Production, Inc.
|
|
Other Information Services
|
|
Term Loan
|
|
5.3%
|
|
2/1/2025
|
|
|
19.7
|
|
|
3.9
|
|
|
4.0
|
|
|
—
|
%
|
|||
|
Patrageous Enterprises, LLC dba Incredibly Edible Delites of Laurel
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2020
|
|
|
7.6
|
|
|
3.7
|
|
|
3.7
|
|
|
—
|
%
|
|||
|
DDLK Investments LLC d/b/a Smoothie King
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/30/2020
|
|
|
7.5
|
|
|
3.6
|
|
|
3.6
|
|
|
—
|
%
|
|||
|
Christopher F. Bohon & Pamela D. Bohon
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/28/2026
|
|
|
14.2
|
|
|
3.5
|
|
|
3.6
|
|
|
—
|
%
|
|||
|
Enewhere Custom Canvas, LLC
|
|
Textile Product Mills
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
2/15/2018
|
|
|
12.0
|
|
|
3.4
|
|
|
3.4
|
|
|
—
|
%
|
|||
|
Quality Engraving Services Inc. and Ian M. Schnaitman
|
|
Miscellaneous Store Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
10/17/2017
|
|
|
15.0
|
|
|
3.3
|
|
|
3.3
|
|
|
—
|
%
|
|||
|
ValleyStar, Inc. dba BrightStar HealthCare
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2020
|
|
|
0.6
|
|
|
3.2
|
|
|
3.2
|
|
|
—
|
%
|
|||
|
Cocoa Beach Parasail Corp. dba Cocoa Beach Parasail
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/26/2020
|
|
|
6.3
|
|
|
3.2
|
|
|
3.2
|
|
|
—
|
%
|
|||
|
Kyoshi Enterprises, LLC
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2016
|
|
|
22.5
|
|
|
3.1
|
|
|
3.1
|
|
|
—
|
%
|
|||
|
Champion Pest Control Systems, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
6%
|
|
1/15/2016
|
|
|
39.0
|
|
|
3.0
|
|
|
—
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Grapevine Professional Services, Inc.
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/22/2019
|
|
|
8.2
|
|
|
2.9
|
|
|
2.9
|
|
|
—
|
%
|
|||
|
Louis B. Smith dba LAQ Funeral Coach
|
|
Transit and Ground Passenger Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/15/2017
|
|
|
12.6
|
|
|
2.8
|
|
|
2.8
|
|
|
—
|
%
|
|||
|
Spain Street LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2017
|
|
|
63.0
|
|
|
2.8
|
|
|
2.8
|
|
|
—
|
%
|
|||
|
Computer Renaissance dba Dante IT Services, Inc.
|
|
Electronics and Appliance Stores
|
|
Term Loan
|
|
Prime plus 3.75%
|
|
3/1/2018
|
|
|
100.0
|
|
|
2.7
|
|
|
2.8
|
|
|
—
|
%
|
|||
|
Ralph Werner dba Werner Transmissions
|
|
Gasoline Stations
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2021
|
|
|
26.6
|
|
|
2.7
|
|
|
2.8
|
|
|
—
|
%
|
|||
|
Flourishing Fruits, LLC dba Edible Arrangements
|
|
Food Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/29/2017
|
|
|
21.1
|
|
|
2.7
|
|
|
2.7
|
|
|
—
|
%
|
|||
|
Saan M.Saelee dba Saelee's Delivery Service
|
|
Truck Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/12/2018
|
|
|
9.8
|
|
|
2.7
|
|
|
2.7
|
|
|
—
|
%
|
|||
|
Daniel S. Fitzpatrick dba Danny's Mobile Appearance Reconditioning Service
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/29/2018
|
|
|
9.4
|
|
|
2.6
|
|
|
2.7
|
|
|
—
|
%
|
|||
|
Flint Batteries, LLC
|
|
General Merchandise Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/21/2016
|
|
|
46.9
|
|
|
2.4
|
|
|
2.4
|
|
|
—
|
%
|
|||
|
Danjam Enterprises, LLC dba Ariel Dental Care
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/30/2021
|
|
|
3.8
|
|
|
2.3
|
|
|
2.4
|
|
|
—
|
%
|
|||
|
L.C.N. Investments, L.L.C. dba Max Muscle Sports Nutrition
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/27/2017
|
|
|
12.8
|
|
|
2.1
|
|
|
2.2
|
|
|
—
|
%
|
|||
|
Inflate World Corporation
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/30/2018
|
|
|
7.5
|
|
|
2.0
|
|
|
2.0
|
|
|
—
|
%
|
|||
|
Seo's Paradise Cleaners, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/19/2018
|
|
|
9.8
|
|
|
1.9
|
|
|
2.0
|
|
|
—
|
%
|
|||
|
Timothy S. Strange dba Strange's Mobile Apperance Reconditioning Service
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/17/2017
|
|
|
8.4
|
|
|
1.6
|
|
|
1.7
|
|
|
—
|
%
|
|||
|
Golden Elevator Co., Inc.
|
|
Support Activities for Agriculture and Forestry
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/31/2022
|
|
|
50.0
|
|
|
1.6
|
|
|
1.7
|
|
|
—
|
%
|
|||
|
Flint Batteries LLC dba Batteries Plus of Flint
|
|
General Merchandise Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/29/2017
|
|
|
9.0
|
|
|
1.5
|
|
|
1.6
|
|
|
—
|
%
|
|||
|
MJ Mortgage & Tax Services, Inc.
|
|
Credit Intermediation and Related Activities
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/14/2017
|
|
|
6.9
|
|
|
1.5
|
|
|
1.5
|
|
|
—
|
%
|
|||
|
CCIPTA, LLC
|
|
Clothing and Clothing Accessories Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/17/2017
|
|
|
47.0
|
|
|
1.5
|
|
|
1.5
|
|
|
—
|
%
|
|||
|
Nora A. Palma and Julio O Villcas
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/27/2017
|
|
|
56.3
|
|
|
1.4
|
|
|
1.5
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Delyannis Iron Works
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
6%
|
|
12/8/2022
|
|
|
16.0
|
|
|
1.4
|
|
|
1.5
|
|
|
—
|
%
|
|||
|
Zeroln Media LLC
|
|
Data Processing, Hosting, and Related Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/25/2017
|
|
|
7.5
|
|
|
1.4
|
|
|
1.4
|
|
|
—
|
%
|
|||
|
Nelson Financial Services, LLC
|
|
Scenic and Sightseeing Transportation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/2/2016
|
|
|
57.0
|
|
|
1.3
|
|
|
1.3
|
|
|
—
|
%
|
|||
|
Pro Levin Yoga, Incorporated d.b.a. Bikram's Yoga College of India Sug
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/12/2016
|
|
|
16.4
|
|
|
0.9
|
|
|
0.9
|
|
|
—
|
%
|
|||
|
No Thirst Software LLC
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/26/2017
|
|
|
6.8
|
|
|
0.9
|
|
|
0.9
|
|
|
—
|
%
|
|||
|
New Economic Methods LLC dba Rita's
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
7/15/2020
|
|
|
24.8
|
|
|
0.9
|
|
|
0.9
|
|
|
—
|
%
|
|||
|
Saul A. Ramirez and Norma L. Trujillo
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/31/2017
|
|
|
6.0
|
|
|
0.9
|
|
|
0.9
|
|
|
—
|
%
|
|||
|
Eric R. Wise, D.C. dba Jamacha-Chase Chiropractic
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/30/2017
|
|
|
15.6
|
|
|
0.6
|
|
|
0.6
|
|
|
—
|
%
|
|||
|
Contractors Pumping Service, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/3/2016
|
|
|
9.9
|
|
|
0.4
|
|
|
0.4
|
|
|
—
|
%
|
|||
|
Tesserah Tile Design, Inc.
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/29/2016
|
|
|
7.1
|
|
|
0.4
|
|
|
0.4
|
|
|
—
|
%
|
|||
|
Healthcare Interventions, Inc. dba Brightstar HealthCare
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/15/2016
|
|
|
8.3
|
|
|
0.4
|
|
|
0.4
|
|
|
—
|
%
|
|||
|
Maynard Enterprises, Inc.
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/22/2016
|
|
|
22.5
|
|
|
0.3
|
|
|
0.4
|
|
|
—
|
%
|
|||
|
Vincent Allen Fleece dba Living Well Accessories and Water Camel
|
|
Building Material and Garden Equipment and Supplies Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/1/2016
|
|
|
3.8
|
|
|
0.3
|
|
|
0.3
|
|
|
—
|
%
|
|||
|
Spencer Fitness, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/11/2016
|
|
|
6.0
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
Chez Rurene Bakery
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/20/2017
|
|
|
150.0
|
|
|
31.6
|
|
|
45.2
|
|
|
0.02
|
%
|
|||
|
Total Performing SBA Unguaranteed Investments
|
|
|
|
|
|
|
|
|
|
$
|
181,518.3
|
|
|
$
|
155,980.4
|
|
|
$
|
152,157.7
|
|
|
74.61
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Non-Performing SBA Unguaranteed Investments
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
* 214 North Franklin, LLC and Winter Ventures, Inc.
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/29/2037
|
|
|
$
|
146.0
|
|
|
$
|
146.1
|
|
|
$
|
136.9
|
|
|
0.07
|
%
|
|
* A + Quality Home Health Care, Inc.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
8/1/2016
|
|
|
1.3
|
|
|
1.3
|
|
|
1.2
|
|
|
—
|
%
|
|||
|
* Almeria Marketing 1, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
7.75%
|
|
10/15/2015
|
|
|
4.7
|
|
|
4.7
|
|
|
0.7
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
* AUM Estates, LLC and Sculpted Figures Plastic Surgery Inc.
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
3/14/2038
|
|
|
305.3
|
|
|
305.7
|
|
|
136.2
|
|
|
0.07
|
%
|
|||
|
Auto Sales, Inc.
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
6%
|
|
8/17/2023
|
|
|
4.3
|
|
|
4.3
|
|
|
3.8
|
|
|
—
|
%
|
|||
|
* AWA Fabrication & Construction, L.L.C.
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
6%
|
|
4/30/2025
|
|
|
34.7
|
|
|
34.8
|
|
|
24.5
|
|
|
0.01
|
%
|
|||
|
* Baker Sales, Inc. d/b/a Baker Sales, Inc.
|
|
Nonstore Retailers
|
|
Term Loan
|
|
6%
|
|
3/29/2036
|
|
|
181.5
|
|
|
182.0
|
|
|
99.9
|
|
|
0.05
|
%
|
|||
|
* Barnum Printing & Publishing, Co.
|
|
Printing and Related Support Activities
|
|
Term Loan
|
|
6%
|
|
7/29/2015
|
|
|
9.8
|
|
|
9.8
|
|
|
8.2
|
|
|
—
|
%
|
|||
|
* BCD Enterprises, LLC dba Progressive Tool and Nutmeg Tool
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
6%
|
|
6/22/2026
|
|
|
290.3
|
|
|
290.9
|
|
|
—
|
|
|
—
|
%
|
|||
|
* Bwms Management, LLC
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
7/7/2027
|
|
|
75.2
|
|
|
75.4
|
|
|
23.2
|
|
|
0.01
|
%
|
|||
|
* DC Realty, LLC dba FOGO Data Centers
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
6%
|
|
3/23/2037
|
|
|
697.8
|
|
|
699.5
|
|
|
563.2
|
|
|
0.28
|
%
|
|||
|
* DC Realty, LLC dba FOGO Data Centers
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/23/2022
|
|
|
206.1
|
|
|
206.6
|
|
|
182.4
|
|
|
0.09
|
%
|
|||
|
* Dill Street Bar and Grill Inc and WO Entertainment, Inc
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
9/27/2027
|
|
|
104.4
|
|
|
104.6
|
|
|
23.6
|
|
|
0.01
|
%
|
|||
|
Dixie Transport, Inc. & Johnny D. Brown & Jimmy Brown & Maudain Brown
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
5.25%
|
|
12/28/2035
|
|
|
140.8
|
|
|
141.0
|
|
|
78.1
|
|
|
0.04
|
%
|
|||
|
* DocMagnet Inc
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/23/2025
|
|
|
16.3
|
|
|
16.3
|
|
|
—
|
|
|
—
|
%
|
|||
|
* Dr. Francis E. Anders, DVM
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
6%
|
|
8/9/2015
|
|
|
1.6
|
|
|
1.6
|
|
|
1.6
|
|
|
—
|
%
|
|||
|
* E & I Holdings, LP & PA Farm Products, LLC
|
|
Food Manufacturing
|
|
Term Loan
|
|
6%
|
|
4/30/2030
|
|
|
1,234.0
|
|
|
1,237.1
|
|
|
487.3
|
|
|
0.24
|
%
|
|||
|
E.W. Ventures, Inc. dba Swift Cleaners & Laundry
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
0%
|
|
4/18/2017
|
|
|
91.0
|
|
|
91.2
|
|
|
1.3
|
|
|
—
|
%
|
|||
|
* Elite Treats Enterprises, Inc. dba Rochelle Dairy Queen
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
1/24/2032
|
|
|
131.2
|
|
|
131.5
|
|
|
95.9
|
|
|
0.05
|
%
|
|||
|
* Europlast Ltd
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
9/26/2022
|
|
|
327.6
|
|
|
328.5
|
|
|
314.5
|
|
|
0.15
|
%
|
|||
|
* Europlast Ltd
|
|
Plastics and Rubber Products Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/31/2023
|
|
|
155.2
|
|
|
155.6
|
|
|
—
|
|
|
—
|
%
|
|||
|
* Event Mecca LLC
|
|
Other Information Services
|
|
Term Loan
|
|
6%
|
|
4/10/2023
|
|
|
13.2
|
|
|
13.2
|
|
|
4.8
|
|
|
—
|
%
|
|||
|
* EZ Towing, Inc.
|
|
Support Activities for Transportation
|
|
Term Loan
|
|
6%
|
|
1/31/2023
|
|
|
123.2
|
|
|
123.5
|
|
|
72.8
|
|
|
0.04
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
* Goetzke Chiropractic, Inc.
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
10/25/2017
|
|
|
2.9
|
|
|
2.9
|
|
|
2.4
|
|
|
—
|
%
|
||||
|
* Gotta Dance Studio, Inc. dba Gotta Dance Studio Academy of Performing
|
|
Educational Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/16/2016
|
|
|
3.6
|
|
|
3.6
|
|
|
0.5
|
|
|
—
|
%
|
|||
|
* Grand Manor Realty, Inc. & Kevin LaRoe
|
|
Real Estate
|
|
Term Loan
|
|
6%
|
|
2/20/2023
|
|
|
18.9
|
|
|
19.0
|
|
|
18.2
|
|
|
0.01
|
%
|
|||
|
* Groundworks Unlimited LLC
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
12/17/2023
|
|
|
89.4
|
|
|
89.5
|
|
|
77.9
|
|
|
0.04
|
%
|
|||
|
Guzman Group,LLC
|
|
Rental and Leasing Services
|
|
Term Loan
|
|
6%
|
|
1/30/2016
|
|
|
196.9
|
|
|
197.4
|
|
|
176.2
|
|
|
0.09
|
%
|
|||
|
* Harrelson Materials Management,Inc
|
Waste Management and Remediation Services
|
|
Term Loan
|
|
6%
|
|
6/24/2021
|
|
|
464.5
|
|
|
465.7
|
|
|
133.7
|
|
|
0.07
|
%
|
||||
|
* Hybrid Racing LLC.
|
|
Transportation Equipment Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/15/2023
|
|
|
100.1
|
|
|
100.3
|
|
|
44.5
|
|
|
0.02
|
%
|
|||
|
* Integrity Sports Group, LLC
|
|
Performing Arts, Spectator Sports, and Related Industries
|
|
Term Loan
|
|
6%
|
|
3/6/2018
|
|
|
14.7
|
|
|
14.7
|
|
|
12.6
|
|
|
0.01
|
%
|
|||
|
Island Nautical Enterprises, Inc. (OC) and Ingwall Holdings, LLC (EPC)
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/14/2038
|
|
|
325.2
|
|
|
326.1
|
|
|
282.0
|
|
|
0.14
|
%
|
|||
|
* J Olson Enterprises LLC and Olson Trucking Direct, Inc.
|
Truck Transportation
|
|
Term Loan
|
|
6%
|
|
6/28/2025
|
|
|
658.9
|
|
|
660.5
|
|
|
262.5
|
|
|
0.13
|
%
|
||||
|
* Jenny's Wunderland, Inc.
|
|
Social Assistance
|
|
Term Loan
|
|
6%
|
|
6/29/2036
|
|
|
149.7
|
|
|
150.1
|
|
|
73.6
|
|
|
0.04
|
%
|
|||
|
* Krishna of Orangeburg, Inc.
|
|
Accommodation
|
|
Term Loan
|
|
6%
|
|
2/20/2032
|
|
|
10.3
|
|
|
10.3
|
|
|
—
|
|
|
—
|
%
|
|||
|
* Lamson and Goodnow Manufacturing Co and Lamson and Goodnow LLC
|
|
Fabricated Metal Product Manufacturing
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/28/2037
|
|
|
28.2
|
|
|
28.2
|
|
|
—
|
|
|
—
|
%
|
|||
|
* Las Torres Development LLC dba Houston Event Centers
|
|
Real Estate
|
|
Term Loan
|
|
6%
|
|
8/27/2028
|
|
|
51.0
|
|
|
51.0
|
|
|
—
|
|
|
—
|
%
|
|||
|
* LJ Parker, LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
7%
|
|
9/8/2014
|
|
|
8.9
|
|
|
8.9
|
|
|
1.7
|
|
|
—
|
%
|
|||
|
* Lucil Chhor dba Baja Fresh #159
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
12/28/2022
|
|
|
30.0
|
|
|
30.0
|
|
|
15.6
|
|
|
0.01
|
%
|
|||
|
* Milliken and Milliken, Inc. dba Milliken Wholesale Distribution
|
|
Merchant Wholesalers, Durable Goods
|
|
Term Loan
|
|
6%
|
|
6/10/2036
|
|
|
152.8
|
|
|
152.9
|
|
|
116.3
|
|
|
0.06
|
%
|
|||
|
* Mojo Brands Media, LLC
|
|
Broadcasting (except Internet)
|
|
Term Loan
|
|
6%
|
|
8/28/2023
|
|
|
731.9
|
|
|
733.7
|
|
|
421.1
|
|
|
0.21
|
%
|
|||
|
* Morris Glass and Construction
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
3/7/2021
|
|
|
44.8
|
|
|
44.8
|
|
|
0.8
|
|
|
—
|
%
|
|||
|
* Our Two Daughters L.L.C. dba Washington's Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
6/18/2026
|
|
|
169.8
|
|
|
170.3
|
|
|
12.7
|
|
|
0.01
|
%
|
|||
|
* Parth Dev, Ltd dba Amerihost Inn Hotel-Kenton
|
|
Accommodation
|
|
Term Loan
|
|
5.25%
|
|
10/3/2028
|
|
|
38.3
|
|
|
38.3
|
|
|
20.4
|
|
|
0.01
|
%
|
|||
|
* Professional Systems, LLC and Professional Cleaning
|
|
Administrative and Support Services
|
|
Term Loan
|
|
6%
|
|
7/30/2020
|
|
|
132.0
|
|
|
132.1
|
|
|
54.5
|
|
|
0.03
|
%
|
|||
|
Pure Water Innovations, LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
6%
|
|
9/6/2016
|
|
|
0.2
|
|
|
0.2
|
|
|
0.2
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
Robin C. & Charles E. Taylor & Brigantine Aquatic Center LLC
|
|
Amusement, Gambling, and Recreation Industries
|
Term Loan
|
|
6%
|
|
9/14/2023
|
|
|
16.4
|
|
|
16.4
|
|
|
13.6
|
|
|
0.01
|
%
|
||||
|
* Sheikh M Tariq dba Selbyville Foodrite
|
|
Gasoline Stations
|
|
Term Loan
|
|
6%
|
|
3/13/2023
|
|
|
21.2
|
|
|
21.2
|
|
|
—
|
|
|
—
|
%
|
|||
|
Shivsakti, LLC dba Knights Inn
|
|
Accommodation
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/20/2032
|
|
|
74.5
|
|
|
74.7
|
|
|
73.1
|
|
|
0.04
|
%
|
|||
|
* Signs of Fortune, LLC dba FastSigns
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
Prime plus 2.5%
|
|
4/3/2023
|
|
|
321.0
|
|
|
321.8
|
|
|
83.3
|
|
|
0.04
|
%
|
|||
|
* STK Ventures Inc dba JP Dock Service & Supply
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
5/9/2037
|
|
|
34.1
|
|
|
34.1
|
|
|
32.7
|
|
|
0.02
|
%
|
|||
|
Stokes Floor Covering Company Inc. and Robert E. Rainey, Jr.
|
|
Furniture and Home Furnishings Stores
|
Term Loan
|
|
6%
|
|
12/29/2035
|
|
|
111.6
|
|
|
111.8
|
|
|
88.1
|
|
|
0.04
|
%
|
||||
|
* Stormwise South Florida dba Stormwise Shutters
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
11/7/2036
|
|
|
406.6
|
|
|
407.6
|
|
|
353.6
|
|
|
0.17
|
%
|
|||
|
* Stormwise South Florida dba Stormwise Shutters
|
|
Specialty Trade Contractors
|
|
Term Loan
|
|
6%
|
|
11/7/2036
|
|
|
201.1
|
|
|
201.6
|
|
|
—
|
|
|
—
|
%
|
|||
|
* Summit Treatment Services Inc
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
3/11/2025
|
|
|
21.8
|
|
|
21.8
|
|
|
—
|
|
|
—
|
%
|
|||
|
* Summit Treatment Services, Inc. dba Summit Treatment Services
|
|
Social Assistance
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/30/2037
|
|
|
129.3
|
|
|
129.6
|
|
|
112.8
|
|
|
0.06
|
%
|
||||
|
* Sunmar, Inc. dba Creative Cooking
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/19/2035
|
|
|
47.1
|
|
|
47.2
|
|
|
43.3
|
|
|
0.02
|
%
|
|||
|
* Tequila Beaches, LLC dba Fresco Restaurant
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
6%
|
|
9/16/2021
|
|
|
15.8
|
|
|
15.8
|
|
|
12.0
|
|
|
0.01
|
%
|
|||
|
The Alba Financial Group, Inc.
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
Term Loan
|
|
6%
|
|
1/10/2019
|
|
|
6.5
|
|
|
6.5
|
|
|
1.6
|
|
|
—
|
%
|
|||
|
The Lucky Coyote, LLC
|
|
Miscellaneous Manufacturing
|
|
Term Loan
|
|
6%
|
|
5/8/2017
|
|
|
10.3
|
|
|
10.3
|
|
|
4.7
|
|
|
—
|
%
|
|||
|
* Top Class, Inc.
|
|
Personal and Laundry Services
|
|
Term Loan
|
|
6%
|
|
6/28/2016
|
|
|
1.3
|
|
|
1.3
|
|
|
0.1
|
|
|
—
|
%
|
|||
|
United Woodworking, Inc
|
|
Wood Product Manufacturing
|
|
Term Loan
|
|
6%
|
|
12/20/2022
|
|
|
12.5
|
|
|
12.5
|
|
|
10.5
|
|
|
0.01
|
%
|
|||
|
* Whirlwind Car Wash, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2%
|
|
8/26/2024
|
|
|
4.9
|
|
|
4.9
|
|
|
3.8
|
|
|
—
|
%
|
|||
|
* Winter Ventures Inc and 214 N Franklin LLC
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/29/2024
|
|
|
56.5
|
|
|
56.6
|
|
|
28.7
|
|
|
0.01
|
%
|
|||
|
* Winter Ventures Inc dba Qualitybargainbooks and Qualitybargainmall
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/23/2024
|
|
|
149.1
|
|
|
149.3
|
|
|
130.7
|
|
|
0.06
|
%
|
|||
|
* Winter Ventures Inc dba Qualitybargainbooks and Qualitybargainmall
|
|
Nonstore Retailers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
4/3/2029
|
|
|
134.4
|
|
|
134.5
|
|
|
29.4
|
|
|
0.01
|
%
|
|||
|
* B&B Fitness and Barbell, Inc. dba Elevations Health Club
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/22/2035
|
|
|
217.8
|
|
|
218.1
|
|
|
200.0
|
|
|
0.10
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
* Hamer Road Auto Salvage, LLC and Scott T. Cook and Nikki J. Cook
|
|
Motor Vehicle and Parts Dealers
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/8/2039
|
|
|
185.7
|
|
|
186.2
|
|
|
178.3
|
|
|
0.09
|
%
|
|||
|
Capstone Pediatrics PLLC and Capstone Healthcare Consulting LLC
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
5/15/2025
|
|
|
689.8
|
|
|
691.5
|
|
|
662.2
|
|
|
0.32
|
%
|
|||
|
* Karykion, Corporation dba Karykion Corporation
|
|
Professional, Scientific, and Technical Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
6/28/2022
|
|
|
144.4
|
|
|
144.8
|
|
|
132.8
|
|
|
0.07
|
%
|
|||
|
* David M. Goens dba Superior Auto Paint & Body, Inc.
|
|
Repair and Maintenance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
8/26/2024
|
|
|
15.7
|
|
|
15.7
|
|
|
14.4
|
|
|
0.01
|
%
|
|||
|
* TechPlayZone, Inc.
|
|
Social Assistance
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
1/27/2016
|
|
|
0.1
|
|
|
0.1
|
|
|
—
|
|
|
—
|
%
|
|||
|
Total Non-Performing SBA Unguaranteed Investments
|
|
|
|
|
|
|
|
|
|
$
|
10,748.0
|
|
|
$
|
10,771.6
|
|
|
$
|
6,197.2
|
|
|
3.04
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Total SBA Unguaranteed Investments
|
|
|
|
|
|
|
|
|
|
$
|
192,266.3
|
|
|
$
|
166,752.0
|
|
|
$
|
158,354.9
|
|
|
77.64
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Performing SBA Guaranteed Investments
(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Jay Kevin Gremillion dba Dino Smiles Children's Cosmetic Dentistry
|
|
Ambulatory Health Care Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
292.0
|
|
|
43.9
|
|
|
48.5
|
|
|
0.02
|
%
|
|||
|
My Jewels, LLC dba The UPS Store #6712
|
|
Administrative and Support Services
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/7/2025
|
|
|
225.0
|
|
|
97.2
|
|
|
107.4
|
|
|
0.05
|
%
|
|||
|
Abbondanza Market LLC dba Hampton Falls Village Market
|
|
Food and Beverage Stores
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/18/2025
|
|
|
295.0
|
|
|
34.9
|
|
|
38.7
|
|
|
0.02
|
%
|
|||
|
D&G Capital LLC dba Miami Grill 277
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/16/2025
|
|
|
417.6
|
|
|
151.6
|
|
|
167.6
|
|
|
0.08
|
%
|
|||
|
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC
|
|
Amusement, Gambling, and Recreation Industries
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
11/23/2040
|
|
|
4,758.0
|
|
|
1,638.3
|
|
|
1,806.2
|
|
|
0.89
|
%
|
|||
|
401 JJS, Corp and G. Randazzo's Trattoria Corporation
|
|
Food Services and Drinking Places
|
|
Term Loan
|
|
Prime plus 2.75%
|
|
12/1/2040
|
|
|
211.0
|
|
|
102.9
|
|
|
115.4
|
|
|
0.06
|
%
|
|||
|
Total SBA Guaranteed Performing Investments
|
|
|
|
|
|
|
|
|
|
$
|
6,198.6
|
|
|
$
|
2,068.8
|
|
|
$
|
2,283.8
|
|
|
1.12
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Total SBA Unguaranteed and Guaranteed Investments
|
|
|
|
|
|
|
|
|
|
$
|
198,464.9
|
|
|
$
|
168,820.8
|
|
|
$
|
160,638.7
|
|
|
78.76
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Controlled Investments
(5)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Advanced Cyber Security Systems, LLC
(6), (15)
|
|
Data processing, hosting and related services.
|
|
50% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
|
|
|
|
Term Loan
|
|
3%
|
|
December 2014
|
|
1,120.0
|
|
|
381.0
|
|
|
—
|
|
|
—
|
%
|
||||
|
*Automated Merchant Services, Inc.
(7), (15)
|
|
Data processing, hosting and related services.
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
CDS Business Services, Inc.
(8) (15)
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
4,428.0
|
|
|
925.0
|
|
|
0.45
|
%
|
|||
|
|
|
|
|
Line of Credit
|
|
Prime Plus 2.5%
|
|
August 2018
|
|
2,870.0
|
|
|
2,870.0
|
|
|
2,870.0
|
|
|
1.41
|
%
|
||||
|
CrystalTech Web Hosting, Inc.
(11)
|
|
Data processing, hosting and related services.
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
8,764.0
|
|
|
21,413.9
|
|
|
10.50
|
%
|
|||
|
Exponential Business Development Co. Inc.
(15)
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
*Fortress Data Management, LLC
(15)
|
|
Data processing, hosting and related services.
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
Newtek Insurance Agency, LLC
(12) (15)
|
|
Insurance Carriers and Related Activities
|
|
100% Membership Interests
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,500.0
|
|
|
1.23
|
%
|
|||
|
PMTWorks Payroll, LLC
(9)
|
|
Data processing, hosting and related services.
|
|
90% Membership Interests
|
|
—%
|
|
—
|
|
|
—
|
|
|
700.1
|
|
|
1,020.0
|
|
|
0.50
|
%
|
|||
|
|
|
|
|
Term Loan
|
|
10%-12%
|
|
Various maturities through September 2016
|
|
935.0
|
|
|
935.0
|
|
|
—
|
|
|
—
|
%
|
||||
|
Secure CyberGateway Services, LLC
(10), (15)
|
|
Data processing, hosting and related services.
|
|
66.7% Membership Interests
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
|
|
|
|
Term Loan
|
|
7%
|
|
December 2016
|
|
2,400.0
|
|
|
1,200.0
|
|
|
1,196.4
|
|
|
0.59
|
%
|
||||
|
Small Business Lending, Inc.
(13) (15)
|
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
100% Common Stock
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,500.0
|
|
|
2.70
|
%
|
|||
|
*Summit Systems and Designs, LLC
(14) (15)
|
|
Data processing, hosting and related services.
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
Premier Payments LLC
(11)
|
|
Data processing, hosting and related services.
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
16,503.0
|
|
|
16,503.0
|
|
|
8.09
|
%
|
|||
|
Universal Processing Services of Wisconsin, LLC
(11) (15)
|
|
Data processing, hosting and related services.
|
|
100% Membership Interest
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
52,448.1
|
|
|
25.72
|
%
|
|||
|
Total Controlled Investments
|
|
|
|
|
|
|
|
|
|
$
|
7,325.0
|
|
|
$
|
35,781.1
|
|
|
$
|
104,376.4
|
|
|
51.18
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Non-control/Non-affiliate Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Titanium Asset Management LLC
|
|
Administrative and Support Services
|
|
Term Loan
|
|
3%
|
|
July 2017
|
|
$
|
2,200.0
|
|
|
$
|
1,847.4
|
|
|
$
|
1,823.8
|
|
|
0.89
|
%
|
|
|
|
|
|
|
Warrants
|
|
—%
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|||
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2015 (In Thousands) |
||||||||||||||||||||||||
|
Portfolio Company
|
|
Industry
|
|
Type of Investment
|
|
Interest Rate (2)
|
|
Maturity
|
|
Principal
|
|
Cost
|
|
Fair Value
|
|
% of Net Assets
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
$
|
2,200.0
|
|
|
$
|
1,847.4
|
|
|
$
|
1,823.8
|
|
|
0.89
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Investments in Money Market Funds
|
|
|
|
|
|
|
|
|
|
$
|
—
|
|
|
$
|
35.0
|
|
|
$
|
35.0
|
|
|
0.02
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Total Investments
|
|
|
|
|
|
|
|
|
|
$
|
207,989.9
|
|
|
$
|
206,484.3
|
|
|
$
|
266,873.9
|
|
|
130.85
|
%
|
|
|
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
|
||||
|
•
|
Newtek Small Business Finance, LLC
|
|
•
|
Newtek Asset Backed Securities, LLC
|
|
•
|
The Whitestone Group, LLC
|
|
•
|
Wilshire Colorado Partners, LLC
|
|
•
|
Wilshire DC Partners, LLC
|
|
•
|
Wilshire Holdings I, Inc.
|
|
•
|
Wilshire Louisiana Bidco, LLC
|
|
•
|
Wilshire Louisiana Partners II, LLC
|
|
•
|
Wilshire Louisiana Partners III, LLC
|
|
•
|
Wilshire Louisiana Partners IV, LLC
|
|
•
|
Wilshire New York Advisers II, LLC
|
|
•
|
Wilshire New York Partners III, LLC
|
|
•
|
Wilshire New York Partners IV, LLC
|
|
•
|
Wilshire New York Partners V, LLC
|
|
•
|
Wilshire Partners, LLC
|
|
•
|
CCC Real Estate Holdings, LLC
|
|
•
|
Banc-Serv Acquisition, Inc.
|
|
•
|
Newtek Business Services Holdco 1, Inc.
|
|
Purchase date
|
Number of Shares Purchased
|
|
Price per Share
|
|
Total
|
|||||
|
March 10, 2016
|
10
|
|
|
$
|
12.34
|
|
|
$
|
123
|
|
|
March 18, 2016
|
20
|
|
|
12.45
|
|
|
249
|
|
||
|
March 18, 2016
|
30
|
|
|
12.48
|
|
|
375
|
|
||
|
March 23, 2016
|
10
|
|
|
11.88
|
|
|
119
|
|
||
|
Total
|
70
|
|
|
|
|
|
$
|
866
|
|
|
|
|
|
June 30, 2016
|
|
December 31, 2015
|
||||||||||||
|
|
|
Cost
|
|
Fair Value
|
|
Cost
|
|
Fair Value
|
||||||||
|
Money market funds
|
|
$
|
35
|
|
|
$
|
35
|
|
|
$
|
35
|
|
|
$
|
35
|
|
|
Non-affiliate debt investments
|
|
198,733
|
|
|
190,684
|
|
|
170,668
|
|
|
162,463
|
|
||||
|
Controlled investments
|
|
|
|
|
|
|
|
|
||||||||
|
Equity
|
|
35,795
|
|
|
111,432
|
|
|
30,395
|
|
|
100,310
|
|
||||
|
Debt
|
|
4,536
|
|
|
3,653
|
|
|
5,386
|
|
|
4,066
|
|
||||
|
Total investments
|
|
$
|
239,099
|
|
|
$
|
305,804
|
|
|
$
|
206,484
|
|
|
$
|
266,874
|
|
|
|
|
June 30, 2016
|
|
December 31, 2015
|
||||||||||||
|
|
|
Cost
|
|
Fair Value
|
|
Cost
|
|
Fair Value
|
||||||||
|
Data Processing, Hosting and Related Services
|
|
$
|
28,655
|
|
|
$
|
100,134
|
|
|
$
|
28,506
|
|
|
$
|
92,600
|
|
|
Food Services and Drinking Establishments
|
|
16,438
|
|
|
15,639
|
|
|
15,241
|
|
|
14,453
|
|
||||
|
Amusement, Gambling, and Recreation Industries
|
|
16,217
|
|
|
16,446
|
|
|
14,372
|
|
|
14,632
|
|
||||
|
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
|
|
12,127
|
|
|
12,882
|
|
|
8,057
|
|
|
10,031
|
|
||||
|
Plastics and Rubber Products Manufacturing
|
|
2,788
|
|
|
2,494
|
|
|
2,857
|
|
|
2,687
|
|
||||
|
Accommodation
|
|
7,721
|
|
|
7,845
|
|
|
6,940
|
|
|
6,974
|
|
||||
|
Repair and Maintenance
|
|
10,908
|
|
|
10,907
|
|
|
9,440
|
|
|
9,337
|
|
||||
|
Clothing and Clothing Accessories Stores
|
|
4,242
|
|
|
4,124
|
|
|
2,357
|
|
|
2,125
|
|
||||
|
Ambulatory Health Care Services
|
|
14,193
|
|
|
13,303
|
|
|
8,858
|
|
|
8,214
|
|
||||
|
Truck Transportation
|
|
6,433
|
|
|
6,018
|
|
|
6,142
|
|
|
5,699
|
|
||||
|
Specialty Trade Contractors
|
|
8,791
|
|
|
8,074
|
|
|
8,492
|
|
|
7,718
|
|
||||
|
Fabricated Metal Product Manufacturing
|
|
4,651
|
|
|
4,346
|
|
|
3,943
|
|
|
3,577
|
|
||||
|
Professional, Scientific, and Technical Services
|
|
8,471
|
|
|
8,000
|
|
|
7,378
|
|
|
6,856
|
|
||||
|
Food Manufacturing
|
|
5,286
|
|
|
4,570
|
|
|
5,386
|
|
|
4,630
|
|
||||
|
Motor Vehicle and Parts Dealers
|
|
4,324
|
|
|
4,316
|
|
|
4,289
|
|
|
4,249
|
|
||||
|
Merchant Wholesalers, Durable Goods
|
|
6,416
|
|
|
6,142
|
|
|
6,726
|
|
|
6,299
|
|
||||
|
Gasoline Stations
|
|
4,004
|
|
|
4,053
|
|
|
4,040
|
|
|
4,008
|
|
||||
|
Insurance Carriers and Related Activities
|
|
1,312
|
|
|
3,794
|
|
|
1,288
|
|
|
3,769
|
|
||||
|
Social Assistance
|
|
4,975
|
|
|
4,878
|
|
|
3,955
|
|
|
3,845
|
|
||||
|
Nonstore Retailers
|
|
2,603
|
|
|
2,041
|
|
|
2,328
|
|
|
2,002
|
|
||||
|
Personal and Laundry Services
|
|
3,862
|
|
|
3,686
|
|
|
3,231
|
|
|
3,064
|
|
||||
|
Apparel Manufacturing
|
|
253
|
|
|
211
|
|
|
536
|
|
|
467
|
|
||||
|
Merchant Wholesalers, Nondurable Goods
|
|
2,639
|
|
|
2,627
|
|
|
3,015
|
|
|
2,981
|
|
||||
|
Administrative and Support Services
|
|
7,221
|
|
|
7,058
|
|
|
4,797
|
|
|
4,566
|
|
||||
|
Other
|
|
54,535
|
|
|
52,181
|
|
|
44,275
|
|
|
42,056
|
|
||||
|
Total
|
|
$
|
239,065
|
|
|
$
|
305,769
|
|
|
$
|
206,449
|
|
|
$
|
266,839
|
|
|
Portfolio Company
|
|
Fair Value at December 31, 2015
|
|
Purchases (cost)
|
|
Principal received (cost)
|
|
Net realized gains/(losses)
|
|
Net unrealized gains/(losses)
|
|
Fair Value at June 30, 2016
|
|
Interest and other income
|
|
Dividend income
|
||||||||||||||||
|
Controlled Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
Small Business Lending, LLC
|
|
$
|
5,500
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
(1,000
|
)
|
|
$
|
4,500
|
|
|
$
|
—
|
|
|
$
|
400
|
|
|
PMTWorks Payroll, LLC
|
|
1,020
|
|
|
1,185
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,205
|
|
|
63
|
|
|
—
|
|
||||||||
|
Universal Processing Services of Wisconsin, LLC
|
|
52,448
|
|
|
—
|
|
|
—
|
|
|
|
|
3,700
|
|
|
56,148
|
|
|
—
|
|
|
2,800
|
|
|||||||||
|
CrystalTech Web Hosting, Inc.
|
|
21,414
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
21,414
|
|
|
—
|
|
|
660
|
|
||||||||
|
CDS Business Services, Inc.
|
|
3,795
|
|
|
—
|
|
|
(1,000
|
)
|
|
—
|
|
|
(225
|
)
|
|
2,570
|
|
|
63
|
|
|
—
|
|
||||||||
|
Exponential Business Development Co., Inc.
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||||
|
Premier Payments LLC
|
|
16,503
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3,247
|
|
|
19,750
|
|
|
—
|
|
|
900
|
|
||||||||
|
Newtek Insurance Agency, LLC
|
|
2,500
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,500
|
|
|
—
|
|
|
—
|
|
||||||||
|
banc-serv Partners, LLC
|
|
—
|
|
|
5,400
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,400
|
|
|
—
|
|
|
—
|
|
||||||||
|
Advanced Cyber Security Systems, LLC
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||||
|
Secure CyberGateway Services, LLC
|
|
1,196
|
|
|
—
|
|
|
(600
|
)
|
|
|
|
2
|
|
|
598
|
|
|
33
|
|
|
26
|
|
|||||||||
|
Total Controlled Investments
|
|
$
|
104,376
|
|
|
$
|
6,585
|
|
|
$
|
(1,600
|
)
|
|
$
|
—
|
|
|
$
|
5,724
|
|
|
$
|
115,085
|
|
|
$
|
159
|
|
|
$
|
4,786
|
|
|
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||||||
|
Managed technology services
|
$
|
239
|
|
|
$
|
144
|
|
|
$
|
450
|
|
|
$
|
289
|
|
|
Loan processing and closing
|
6
|
|
|
62
|
|
|
15
|
|
|
186
|
|
||||
|
Payroll processing
|
12
|
|
|
6
|
|
|
17
|
|
|
11
|
|
||||
|
Portfolio Company
|
Amount
|
||
|
Small Business Lending, LLC
|
$
|
42
|
|
|
CDS Business Services, Inc.
|
34
|
|
|
|
PMTWorks Payroll, LLC
|
10
|
|
|
|
Universal Processing Services of Wisconsin, LLC
|
10
|
|
|
|
Newtek Insurance Agency, LLC
|
8
|
|
|
|
Premier Payments LLC
|
21
|
|
|
|
Total
|
$
|
125
|
|
|
Portfolio Company
|
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||||||
|
Universal Processing Services of Wisconsin, LLC
|
|
$
|
128
|
|
|
$
|
175
|
|
|
$
|
235
|
|
|
$
|
357
|
|
|
CrystalTech Web Hosting, Inc.
|
|
180
|
|
|
131
|
|
|
358
|
|
|
248
|
|
||||
|
PMTWorks Payroll, LLC
|
|
28
|
|
|
48
|
|
|
53
|
|
|
98
|
|
||||
|
Newtek Insurance Agency, LLC
|
|
70
|
|
|
56
|
|
|
135
|
|
|
119
|
|
||||
|
Summit Systems and Designs, LLC
|
|
—
|
|
|
—
|
|
|
11
|
|
|
—
|
|
||||
|
Secure CyberGateway Services, LLC
|
|
—
|
|
|
14
|
|
|
—
|
|
|
14
|
|
||||
|
Premier Payments LLC
|
|
45
|
|
|
—
|
|
|
86
|
|
|
—
|
|
||||
|
Small Business Lending, LLC
|
|
89
|
|
|
51
|
|
|
319
|
|
|
104
|
|
||||
|
Total
|
|
$
|
540
|
|
|
$
|
475
|
|
|
$
|
1,197
|
|
|
$
|
940
|
|
|
|
June 30, 2016
|
|
December 31, 2015
|
||||
|
Fair Value
|
$
|
14,489
|
|
|
$
|
13,042
|
|
|
Discount factor
(1)
|
12.03
|
%
|
|
12.03
|
%
|
||
|
Cumulative prepayment rate
|
15.50
|
%
|
|
15.50
|
%
|
||
|
Average cumulative default rate
|
20.00
|
%
|
|
20.00
|
%
|
||
|
|
|
|
|
Level 1
|
|
Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain U.S. Treasury, other U.S. Government and agency mortgage-backed debt securities that are highly liquid and are actively traded in over-the-counter markets.
|
|
|
|
|
|
Level 2
|
|
Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes certain U.S. Government and agency mortgage-backed debt securities, corporate debt securities, derivative contracts and residential mortgage loans held-for-sale.
|
|
|
|
|
|
Level 3
|
|
Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category generally includes certain private equity investments, retained residual interests in securitizations, residential mortgage servicing rights, and highly structured or long-term derivative contracts.
|
|
|
Fair Value Measurements at June 30, 2016 Using:
|
||||||||||||||
|
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
||||||||
|
Assets:
|
|
|
|
|
|
|
|
||||||||
|
Investments in money markets funds
|
$
|
35
|
|
|
$
|
35
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Credits in lieu of cash
|
432
|
|
|
—
|
|
|
432
|
|
|
—
|
|
||||
|
SBA unguaranteed non-affiliate investments
|
179,915
|
|
|
—
|
|
|
—
|
|
|
179,915
|
|
||||
|
SBA guaranteed non-affiliate investments
|
9,623
|
|
|
—
|
|
|
9,623
|
|
|
—
|
|
||||
|
Controlled investments
|
115,085
|
|
|
—
|
|
|
—
|
|
|
115,085
|
|
||||
|
Other real estate owned
(1)
|
851
|
|
|
—
|
|
|
851
|
|
|
—
|
|
||||
|
Non-control/non-affiliate investments
|
1,146
|
|
|
—
|
|
|
—
|
|
|
1,146
|
|
||||
|
Servicing assets
|
14,489
|
|
|
—
|
|
|
—
|
|
|
14,489
|
|
||||
|
Total assets
|
$
|
321,576
|
|
|
$
|
35
|
|
|
$
|
10,906
|
|
|
$
|
310,635
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
||||||||
|
Notes payable in credits in lieu of cash
|
$
|
432
|
|
|
$
|
—
|
|
|
$
|
432
|
|
|
$
|
—
|
|
|
|
Fair Value Measurements at December 31, 2015 Using:
|
|
|
||||||||||||||||
|
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total Gains
and (Losses) |
||||||||||
|
Assets:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Investments in money markets funds
|
$
|
35
|
|
|
$
|
35
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Credits in lieu of cash
|
860
|
|
|
—
|
|
|
860
|
|
|
—
|
|
|
(7
|
)
|
|||||
|
SBA unguaranteed non-affiliate investments
|
158,355
|
|
|
—
|
|
|
—
|
|
|
158,355
|
|
|
(8,410
|
)
|
|||||
|
SBA guaranteed non-affiliate investments
|
2,284
|
|
|
—
|
|
|
2,284
|
|
|
—
|
|
|
215
|
|
|||||
|
Controlled investments
|
104,376
|
|
|
—
|
|
|
—
|
|
|
104,376
|
|
|
12,250
|
|
|||||
|
Other real estate owned
(1)
|
989
|
|
|
—
|
|
|
989
|
|
|
—
|
|
|
(221
|
)
|
|||||
|
Non-control/non-affiliate investments
|
1,824
|
|
|
—
|
|
|
—
|
|
|
1,824
|
|
|
(24
|
)
|
|||||
|
Servicing assets
|
13,042
|
|
|
—
|
|
|
—
|
|
|
13,042
|
|
|
(428
|
)
|
|||||
|
Total assets
|
$
|
281,765
|
|
|
$
|
35
|
|
|
$
|
4,133
|
|
|
$
|
277,597
|
|
|
$
|
3,375
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Notes payable in credits in lieu of cash
|
$
|
860
|
|
|
$
|
—
|
|
|
$
|
860
|
|
|
$
|
—
|
|
|
$
|
(3
|
)
|
|
|
Six Months Ended June 30, 2016
|
||||||||||||||
|
|
SBA Unguaranteed Investments
|
|
Controlled Investments
|
|
Non-Control/Non-Affiliate Investments
|
|
Servicing Assets
|
||||||||
|
Fair value, beginning of period
|
$
|
158,355
|
|
|
$
|
104,376
|
|
|
$
|
1,824
|
|
|
$
|
13,042
|
|
|
Net change in unrealized appreciation (depreciation)
|
(549
|
)
|
|
5,724
|
|
|
(43
|
)
|
|
(841
|
)
|
||||
|
Realized loss
|
14
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||
|
SBA unguaranteed non-affiliate investments, originated
|
31,351
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||
|
Foreclosed real estate acquired
|
(124
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
||||
|
Funding of investments
|
—
|
|
|
6,150
|
|
|
—
|
|
|
—
|
|
||||
|
Transfer from due from related parties
|
—
|
|
|
435
|
|
|
—
|
|
|
—
|
|
||||
|
Principal payments received on debt investments
|
(9,132
|
)
|
|
(1,600
|
)
|
|
(635
|
)
|
|
—
|
|
||||
|
Additions to servicing assets
|
—
|
|
|
—
|
|
|
—
|
|
|
2,288
|
|
||||
|
Fair value, end of period
|
$
|
179,915
|
|
|
$
|
115,085
|
|
|
$
|
1,146
|
|
|
$
|
14,489
|
|
|
|
Six Months Ended June 30, 2015
|
||||||||||
|
|
SBA Unguaranteed Investments
|
|
Controlled Investments
|
|
Servicing Assets
|
||||||
|
Fair value, beginning of period
|
$
|
121,477
|
|
|
$
|
77,499
|
|
|
$
|
9,483
|
|
|
Net change in unrealized appreciation (depreciation)
|
(1,136
|
)
|
|
9,519
|
|
|
(612
|
)
|
|||
|
Realized loss
|
(400
|
)
|
|
—
|
|
|
—
|
|
|||
|
SBA unguaranteed non-affiliate investments, originated
|
24,441
|
|
|
—
|
|
|
—
|
|
|||
|
Foreclosed real estate acquired
|
(713
|
)
|
|
—
|
|
|
—
|
|
|||
|
Funding of investments
|
—
|
|
|
200
|
|
|
—
|
|
|||
|
Purchase of loan from SBA
|
703
|
|
|
—
|
|
|
—
|
|
|||
|
Principal payments received on debt investments
|
(7,448
|
)
|
|
(600
|
)
|
|
—
|
|
|||
|
Additions to servicing assets
|
—
|
|
|
—
|
|
|
2,404
|
|
|||
|
Fair value, end of period
|
$
|
136,924
|
|
|
$
|
86,618
|
|
|
$
|
11,275
|
|
|
|
|
|
|
|
|
|
|
|
|
Range
|
|||||||
|
|
|
Fair Value as of June 30, 2016
|
|
Valuation Techniques
|
|
Unobservable Input
|
|
Weighted Average
|
|
Minimum
|
|
Maximum
|
|||||
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
SBA unguaranteed non-affiliate investments - performing loans
|
|
$
|
173,298
|
|
|
Discounted cash flow
|
|
Market yields
|
|
5.20
|
%
|
|
5.20
|
%
|
|
5.20
|
%
|
|
SBA unguaranteed non-affiliate investments - non-performing loans
|
|
$
|
6,617
|
|
|
Discounted cash flow
|
|
Market yields
|
|
7.32
|
%
|
|
7.32
|
%
|
|
7.32
|
%
|
|
Controlled equity investments
(A)(B)
|
|
$
|
111,432
|
|
|
Market comparable companies
|
|
EBITDA multiples
|
|
6.10x
|
|
|
3.00x
|
|
|
7.00x
|
|
|
|
|
|
|
Market comparable companies
|
|
Revenue multiples
|
|
1.10x
|
|
|
0.50x
|
|
|
3.00x
|
|
||
|
|
|
|
|
Discounted cash flow
|
|
Weighted average cost of capital
|
|
12.70
|
%
|
|
10.60
|
%
|
|
14.80
|
%
|
||
|
Controlled debt investments
|
|
$
|
3,653
|
|
|
Discounted cash flow
|
|
Market yields
|
|
7.37
|
%
|
|
5.75
|
%
|
|
10.00
|
%
|
|
Non-control/non-affiliate debt investments
|
|
$
|
1,146
|
|
|
Liquidation value
|
|
Asset value
|
|
N/A
|
|
|
N/A
|
|
|
N/A
|
|
|
Servicing assets
|
|
$
|
14,489
|
|
|
Discounted cash flow
|
|
Market yields
|
|
12.03
|
%
|
|
12.03
|
%
|
|
12.03
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Range
|
|||||||
|
|
|
Fair Value as of December 31, 2015
|
|
Valuation Techniques
|
|
Unobservable Input
|
|
Weighted Average
|
|
Minimum
|
|
Maximum
|
|||||
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
SBA unguaranteed non-affiliate investments - performing loans
|
|
$
|
152,158
|
|
|
Discounted cash flow
|
|
Market yields
|
|
5.30
|
%
|
|
5.30
|
%
|
|
5.30
|
%
|
|
SBA unguaranteed non-affiliate investments - non-performing loans
|
|
$
|
6,197
|
|
|
Discounted cash flow
|
|
Market yields
|
|
8.76
|
%
|
|
8.76
|
%
|
|
8.76
|
%
|
|
Controlled equity investments
(A)(B)
|
|
$
|
100,310
|
|
|
Market comparable companies
|
|
EBITDA multiples
|
|
6.00x
|
|
|
3.00x
|
|
|
7.00x
|
|
|
|
|
|
|
Market comparable companies
|
|
Revenue multiples
|
|
1.08x
|
|
|
0.50x
|
|
|
3.00x
|
|
||
|
|
|
|
|
Discounted cash flow
|
|
Weighted average cost of capital
|
|
12.37
|
%
|
|
11.30
|
%
|
|
15.60
|
%
|
||
|
Controlled debt investments
|
|
$
|
4,066
|
|
|
Discounted cash flow
|
|
Market yields
|
|
6.26
|
%
|
|
5.75
|
%
|
|
7.50
|
%
|
|
Non-control/non-affiliate debt investments
|
|
$
|
1,824
|
|
|
Liquidation value
|
|
Asset value
|
|
N/A
|
|
|
N/A
|
|
|
N/A
|
|
|
Servicing assets
|
|
$
|
13,042
|
|
|
Discounted cash flow
|
|
Market yields
|
|
12.03
|
%
|
|
12.03
|
%
|
|
12.03
|
%
|
|
|
June 30, 2016
|
|
December 31, 2015
|
||||||||||||||||||
|
|
Commitments
|
|
Borrowings Outstanding
|
|
Weighted Average Interest Rate
|
|
Commitments
|
|
Borrowings Outstanding
|
|
Weighted Average Interest Rate
|
||||||||||
|
Capital One line of credit - guaranteed
(1)
|
$
|
50,000
|
|
|
$
|
17,200
|
|
|
4.50
|
%
|
|
$
|
50,000
|
|
|
$
|
29,100
|
|
|
4.25
|
%
|
|
Capital One line of credit - unguaranteed
(1)
|
—
|
|
|
7,850
|
|
|
5.38
|
%
|
|
—
|
|
|
—
|
|
|
—
|
%
|
||||
|
Notes due 2021
|
40,250
|
|
|
38,592
|
|
|
7.00
|
%
|
|
—
|
|
|
—
|
|
|
—
|
%
|
||||
|
Notes due 2022
|
8,324
|
|
|
7,811
|
|
|
7.50
|
%
|
|
8,324
|
|
|
7,770
|
|
|
7.50
|
%
|
||||
|
Note payable - related parties
|
38,000
|
|
|
4,800
|
|
|
7.50
|
%
|
|
38,000
|
|
|
5,647
|
|
|
7.50
|
%
|
||||
|
Notes payable - Securitization Trusts
|
81,560
|
|
|
79,320
|
|
|
3.53
|
%
|
|
91,745
|
|
|
89,244
|
|
|
3.29
|
%
|
||||
|
Total
|
$
|
218,134
|
|
|
$
|
155,573
|
|
|
4.92
|
%
|
|
$
|
188,069
|
|
|
$
|
131,761
|
|
|
3.93
|
%
|
|
|
June 30, 2016
|
|
December 31, 2015
|
||||||||||||||||
|
|
Notes Due 2022
|
|
Notes Due 2021
|
|
Notes Payable- Securitization Trusts
|
|
Notes Due 2022
|
|
Notes Payable- Securitization Trusts
|
||||||||||
|
Principal
|
$
|
8,324
|
|
|
$
|
40,250
|
|
|
$
|
81,560
|
|
|
$
|
8,324
|
|
|
$
|
91,745
|
|
|
Unamortized debt issuance costs
|
(513
|
)
|
|
(1,658
|
)
|
|
(2,240
|
)
|
|
(554
|
)
|
|
(2,501
|
)
|
|||||
|
Net carrying amount
|
$
|
7,811
|
|
|
$
|
38,592
|
|
|
$
|
79,320
|
|
|
$
|
7,770
|
|
|
$
|
89,244
|
|
|
|
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||
|
Per share data
(1)
|
|
|
||||||
|
Net asset value at beginning of period
|
|
$
|
14.06
|
|
|
$
|
16.31
|
|
|
Dividends from capital gains
|
|
(0.70
|
)
|
|
(0.86
|
)
|
||
|
Net investment loss
|
|
(0.38
|
)
|
|
(0.47
|
)
|
||
|
Net realized gain on investments
|
|
0.95
|
|
|
1.47
|
|
||
|
Net unrealized appreciation on investments
|
|
0.41
|
|
|
0.52
|
|
||
|
Net unrealized depreciation on servicing assets
|
|
(0.06
|
)
|
|
(0.06
|
)
|
||
|
Change in provision for deferred taxes
|
|
(0.17
|
)
|
|
—
|
|
||
|
Reversal of deferred tax asset
|
|
—
|
|
|
(0.29
|
)
|
||
|
Net asset value at end of period
|
|
$
|
14.11
|
|
|
$
|
16.62
|
|
|
|
|
|
|
|
||||
|
Per share market value at end of period
|
|
$
|
12.72
|
|
|
$
|
17.72
|
|
|
Total return based on market value
(3)
|
|
(3.49
|
)%
|
|
25.88
|
%
|
||
|
Total return based on average net asset value
(2)
|
|
10.67
|
%
|
|
3.75
|
%
|
||
|
Shares outstanding at end of period (in thousands)
|
|
14,484
|
|
|
10,206
|
|
||
|
|
|
|
|
|
||||
|
Ratios/Supplemental Data:
|
|
|
|
|
||||
|
Ratio of expenses to average net assets
(2)
|
|
19.08
|
%
|
|
18.01
|
%
|
||
|
Ratio of net investment loss to average net assets
|
|
(2.67
|
)%
|
|
(2.84
|
)%
|
||
|
Net assets at end of period
|
|
$
|
204,428
|
|
|
$
|
169,624
|
|
|
Average debt outstanding
|
|
$
|
143,667
|
|
|
$
|
120,148
|
|
|
Average debt outstanding per share
|
|
$
|
9.92
|
|
|
$
|
11.77
|
|
|
Asset coverage ratio
|
|
231
|
%
|
|
248
|
%
|
||
|
Portfolio turnover
|
|
52.65
|
%
|
|
61.09
|
%
|
||
|
|
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||||||
|
Net increase in net assets
|
|
$
|
5,372
|
|
|
$
|
4,876
|
|
|
$
|
10,976
|
|
|
$
|
14,879
|
|
|
Weighted average shares outstanding (in thousands)
|
|
14,481
|
|
|
10,206
|
|
|
14,495
|
|
|
10,206
|
|
||||
|
Net increase in net assets per common share
|
|
$
|
0.37
|
|
|
$
|
0.48
|
|
|
$
|
0.76
|
|
|
$
|
1.46
|
|
|
Date Declared
|
|
Record Date
|
|
Payment Date
|
|
Amount Per Share
|
|
Cash Distribution
|
|
DRIP Shares Issued
|
|
DRIP Shares Value
|
|||||||
|
June 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
|
February 25, 2016
|
|
March 22, 2016
|
|
March 31, 2016
|
|
$
|
0.35
|
|
|
$
|
4,708
|
|
|
29
|
|
|
$
|
362
|
|
|
June 9, 2016
|
|
June 20, 2016
|
|
June 30, 2016
|
|
$
|
0.35
|
|
|
$
|
4,985
|
|
|
7
|
|
|
$
|
83
|
|
|
June 30, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
|
March 19, 2015
|
|
March 30, 2015
|
|
April 13, 2015
|
|
$
|
0.39
|
|
|
$
|
3,985
|
|
|
—
|
|
|
$
|
—
|
|
|
June 15, 2015
|
|
June 29, 2015
|
|
July 15, 2015
|
|
$
|
0.47
|
|
|
$
|
4,715
|
|
|
5
|
|
|
$
|
87
|
|
|
|
|
As of June 30, 2016
|
|
As of December 31, 2015
|
||||
|
Current assets
|
|
$
|
8,648
|
|
|
$
|
6,126
|
|
|
Noncurrent assets
|
|
6,800
|
|
|
11,288
|
|
||
|
Total assets
|
|
$
|
15,448
|
|
|
$
|
17,414
|
|
|
Current liabilities
|
|
3,257
|
|
|
3,911
|
|
||
|
Noncurrent liabilities
|
|
16,999
|
|
|
16,999
|
|
||
|
Total liabilities
|
|
$
|
20,256
|
|
|
$
|
20,910
|
|
|
Total deficit
|
|
$
|
(4,808
|
)
|
|
$
|
(3,496
|
)
|
|
Statements of Income - Universal Processing Services of Wisconsin, LLC
|
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||||||
|
Revenue
|
|
$
|
26,012
|
|
|
$
|
25,268
|
|
|
$
|
50,482
|
|
|
$
|
48,355
|
|
|
Expenses
|
|
24,001
|
|
|
23,370
|
|
|
46,857
|
|
|
45,041
|
|
||||
|
Income from operations
|
|
$
|
2,011
|
|
|
$
|
1,898
|
|
|
$
|
3,625
|
|
|
$
|
3,314
|
|
|
Interest (expense) income, net
|
|
(363
|
)
|
|
25
|
|
|
(664
|
)
|
|
27
|
|
||||
|
Net income
|
|
$
|
1,648
|
|
|
$
|
1,923
|
|
|
$
|
2,961
|
|
|
$
|
3,341
|
|
|
Portfolio Company/Type of Investment
(1)
|
|
Amount of Interest, Fees or Dividends Credited in Income
|
|
Fair Value at December 31, 2015
|
|
Gross Additions
(2)
|
|
Gross Reductions
(3)
|
|
Fair Value at June 30, 2016
|
||||||||||
|
Control Investments
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Advanced Cyber Security Systems, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
50% Membership Interest
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Term Loan
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Automated Merchant Services, Inc.
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Common Stock
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
CDS Business Services, Inc.
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Common Stock
|
|
—
|
|
|
925
|
|
|
—
|
|
|
(225
|
)
|
|
700
|
|
|||||
|
Line of Credit
|
|
63
|
|
|
2,870
|
|
|
|
|
(1,000
|
)
|
|
1,870
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
CrystalTech Web Hosting, Inc.
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Common Stock
|
|
660
|
|
|
21,414
|
|
|
—
|
|
|
—
|
|
|
21,414
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Exponential Business Development Co. Inc.
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Common Stock
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Fortress Data Management, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Membership Interest
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Newtek Insurance Agency, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Membership Interest
|
|
—
|
|
|
2,500
|
|
|
—
|
|
|
—
|
|
|
2,500
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
PMTWorks Payroll, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
90% Membership Interest
|
|
—
|
|
|
1,020
|
|
|
—
|
|
|
—
|
|
|
1,020
|
|
|||||
|
Term Loans
|
|
63
|
|
|
—
|
|
|
1,185
|
|
|
—
|
|
|
1,185
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Secure CyberGateway Services, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
66.7% Membership Interest
|
|
26
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
|
Term Loan
|
|
33
|
|
|
1,196
|
|
|
2
|
|
|
(600
|
)
|
|
598
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Premier Payments LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Membership Interest
|
|
900
|
|
|
16,503
|
|
|
3,247
|
|
|
—
|
|
|
19,750
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Small Business Lending, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Membership Interest
|
|
400
|
|
|
5,500
|
|
|
—
|
|
|
(1,000
|
)
|
|
4,500
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
banc-serv Partners, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Membership Interest
|
|
—
|
|
|
—
|
|
|
5,400
|
|
|
—
|
|
|
5,400
|
|
|||||
|
Portfolio Company/Type of Investment
(1)
|
|
Amount of Interest, Fees or Dividends Credited in Income
|
|
Fair Value at December 31, 2015
|
|
Gross Additions
(2)
|
|
Gross Reductions
(3)
|
|
Fair Value at June 30, 2016
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Summit Systems and Designs, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Membership Interest
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Universal Processing Services of Wisconsin, LLC
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
100% Membership Interest
|
|
2,800
|
|
|
52,448
|
|
|
3,700
|
|
|
—
|
|
|
56,148
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Total Control Investments
|
|
$
|
4,945
|
|
|
$
|
104,376
|
|
|
$
|
13,534
|
|
|
$
|
(2,825
|
)
|
|
$
|
115,085
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
•
|
our future operating results;
|
|
•
|
our business prospects and the prospects of our prospective portfolio companies;
|
|
•
|
the impact of investments that we expect to make;
|
|
•
|
our informal relationships with third parties
|
|
•
|
the dependence of our future success on the general economy and its impact on the industries in which we invest;
|
|
•
|
our ability to access debt markets and equity markets;
|
|
•
|
the ability of our portfolio companies to achieve their objectives;
|
|
•
|
our expected financings and investments;
|
|
•
|
our regulatory structure and tax status;
|
|
•
|
our ability to operate as a BDC and a RIC;
|
|
•
|
the adequacy of our cash resources and working capital;
|
|
•
|
the timing of cash flows, if any, from the operations of our portfolio companies;
|
|
•
|
the timing, form and amount of any dividend distributions;
|
|
•
|
the impact of fluctuations in interest rates on our business;
|
|
•
|
the valuation of any investments in portfolio companies, particularly those having no liquid trading market; and
|
|
•
|
our ability to recover unrealized losses.
|
|
Distribution by Business Type
|
|
|
|
|
|
|
|
|
||||||
|
Business Type
|
|
# of Loans
|
|
Balance
|
|
Average Balance
|
|
% of Balance
|
||||||
|
Existing Business
|
|
814
|
|
|
$
|
150,962
|
|
|
$
|
185
|
|
|
80.0
|
%
|
|
Business Acquisition
|
|
159
|
|
|
27,996
|
|
|
176
|
|
|
14.8
|
%
|
||
|
Start-Up Business
|
|
126
|
|
|
9,922
|
|
|
79
|
|
|
5.2
|
%
|
||
|
Total
|
|
1,099
|
|
|
$
|
188,880
|
|
|
$
|
172
|
|
|
100.0
|
%
|
|
Distribution by Business Type
|
|
|
|
|
|
|
|
|
||||||
|
Business Type
|
|
# of Loans
|
|
Balance
|
|
Average Balance
|
|
% of Balance
|
||||||
|
Existing Business
|
|
679
|
|
|
$
|
130,692
|
|
|
$
|
192
|
|
|
78.4
|
%
|
|
Business Acquisition
|
|
144
|
|
|
26,763
|
|
|
186
|
|
|
16.0
|
%
|
||
|
Start-Up Business
|
|
125
|
|
|
9,297
|
|
|
74
|
|
|
5.6
|
%
|
||
|
Total
|
|
948
|
|
|
$
|
166,752
|
|
|
$
|
176
|
|
|
100.0
|
%
|
|
Distribution by Borrower Credit Score
|
|
|
|
|
|
|
|
|
||||||
|
Credit Score
|
|
# of Loans
|
|
Balance
|
|
Average Balance
|
|
% of Balance
|
||||||
|
500 to 550
|
|
14
|
|
|
$
|
1,408
|
|
|
$
|
101
|
|
|
0.7
|
%
|
|
551 to 600
|
|
36
|
|
|
5,369
|
|
|
149
|
|
|
2.8
|
%
|
||
|
601 to 650
|
|
138
|
|
|
26,491
|
|
|
192
|
|
|
14.0
|
%
|
||
|
651 to 700
|
|
312
|
|
|
53,784
|
|
|
172
|
|
|
28.5
|
%
|
||
|
701 to 750
|
|
329
|
|
|
58,048
|
|
|
176
|
|
|
30.7
|
%
|
||
|
751 to 800
|
|
223
|
|
|
36,862
|
|
|
165
|
|
|
19.6
|
%
|
||
|
801 to 850
|
|
40
|
|
|
4,445
|
|
|
111
|
|
|
2.4
|
%
|
||
|
Not available
|
|
7
|
|
|
2,473
|
|
|
353
|
|
|
1.3
|
%
|
||
|
Total
|
|
1,099
|
|
|
$
|
188,880
|
|
|
$
|
172
|
|
|
100.0
|
%
|
|
Distribution by Borrower Credit Score
|
|
|
|
|
|
|
|
|
||||||
|
Credit Score
|
|
# of Loans
|
|
Balance
|
|
Average Balance
|
|
% of Balance
|
||||||
|
500 to 550
|
|
12
|
|
|
$
|
1,085
|
|
|
$
|
90
|
|
|
0.6
|
%
|
|
551 to 600
|
|
32
|
|
|
4,957
|
|
|
155
|
|
|
3.0
|
%
|
||
|
601 to 650
|
|
113
|
|
|
22,597
|
|
|
200
|
|
|
13.6
|
%
|
||
|
651 to 700
|
|
262
|
|
|
41,901
|
|
|
160
|
|
|
25.1
|
%
|
||
|
701 to 750
|
|
291
|
|
|
57,101
|
|
|
196
|
|
|
34.2
|
%
|
||
|
751 to 800
|
|
198
|
|
|
31,870
|
|
|
161
|
|
|
19.1
|
%
|
||
|
801 to 850
|
|
34
|
|
|
4,942
|
|
|
145
|
|
|
3.0
|
%
|
||
|
Not available
|
|
6
|
|
|
2,299
|
|
|
383
|
|
|
1.4
|
%
|
||
|
Total
|
|
948
|
|
|
$
|
166,752
|
|
|
$
|
176
|
|
|
100.0
|
%
|
|
Distribution by Primary Collateral Type
|
|
|
|
|
|
|
|
|
||||||
|
Collateral Type
|
|
# of Loans
|
|
Balance
|
|
Average Balance
|
|
% of Balance
|
||||||
|
Commercial Real Estate
|
|
515
|
|
|
$
|
109,082
|
|
|
$
|
212
|
|
|
57.8
|
%
|
|
Machinery and Equipment
|
|
187
|
|
|
34,410
|
|
|
184
|
|
|
18.2
|
%
|
||
|
Residential Real Estate
|
|
237
|
|
|
18,578
|
|
|
78
|
|
|
9.8
|
%
|
||
|
Other
|
|
42
|
|
|
12,603
|
|
|
300
|
|
|
6.7
|
%
|
||
|
Accounts Receivable and Inventory
|
|
74
|
|
|
12,641
|
|
|
171
|
|
|
6.7
|
%
|
||
|
Liquid Assets
|
|
12
|
|
|
434
|
|
|
36
|
|
|
0.2
|
%
|
||
|
Furniture and Fixtures
|
|
10
|
|
|
366
|
|
|
37
|
|
|
0.2
|
%
|
||
|
Unsecured
|
|
22
|
|
|
766
|
|
|
35
|
|
|
0.4
|
%
|
||
|
Total
|
|
1,099
|
|
|
$
|
188,880
|
|
|
$
|
172
|
|
|
100.0
|
%
|
|
Distribution by Primary Collateral Type
|
|
|
|
|
|
|
|
|
||||||
|
Collateral Type
|
|
# of Loans
|
|
Balance
|
|
Average Balance
|
|
% of Balance
|
||||||
|
Commercial Real Estate
|
|
444
|
|
|
$
|
94,013
|
|
|
$
|
212
|
|
|
56.5
|
%
|
|
Machinery and Equipment
|
|
173
|
|
|
32,423
|
|
|
187
|
|
|
19.4
|
%
|
||
|
Residential Real Estate
|
|
197
|
|
|
15,545
|
|
|
79
|
|
|
9.3
|
%
|
||
|
Other
|
|
40
|
|
|
11,284
|
|
|
282
|
|
|
6.8
|
%
|
||
|
Accounts Receivable and Inventory
|
|
66
|
|
|
12,583
|
|
|
191
|
|
|
7.5
|
%
|
||
|
Liquid Assets
|
|
12
|
|
|
451
|
|
|
38
|
|
|
0.3
|
%
|
||
|
Unsecured
|
|
9
|
|
|
240
|
|
|
27
|
|
|
0.1
|
%
|
||
|
Furniture and Fixtures
|
|
7
|
|
|
213
|
|
|
30
|
|
|
0.1
|
%
|
||
|
Total
|
|
948
|
|
|
$
|
166,752
|
|
|
$
|
176
|
|
|
100.0
|
%
|
|
Distribution by Days Delinquent
|
|
|
|
|
|
|
|
|
||||||
|
Delinquency Status
|
|
# of Loans
|
|
Balance
|
|
Average Balance
|
|
% of Balance
|
||||||
|
Current
|
|
979
|
|
|
$
|
167,928
|
|
|
$
|
172
|
|
|
88.8
|
%
|
|
1 to 30 days
|
|
23
|
|
|
3,373
|
|
|
147
|
|
|
1.8
|
%
|
||
|
31 to 60 days
|
|
19
|
|
|
5,021
|
|
|
264
|
|
|
2.7
|
%
|
||
|
61 to 90 days
|
|
12
|
|
|
1,642
|
|
|
137
|
|
|
0.9
|
%
|
||
|
91 days or greater
|
|
66
|
|
|
10,916
|
|
|
165
|
|
|
5.8
|
%
|
||
|
Total
|
|
1,099
|
|
|
$
|
188,880
|
|
|
$
|
172
|
|
|
100.0
|
%
|
|
Distribution by Days Delinquent
|
|
|
|
|
|
|
|
|
||||||
|
Delinquency Status
|
|
# of Loans
|
|
Balance
|
|
Average Balance
|
|
% of Balance
|
||||||
|
Current
|
|
856
|
|
|
$
|
151,950
|
|
|
$
|
178
|
|
|
91.2
|
%
|
|
1 to 30 days
|
|
23
|
|
|
3,525
|
|
|
153
|
|
|
2.1
|
%
|
||
|
31 to 60 days
|
|
10
|
|
|
2,190
|
|
|
219
|
|
|
1.3
|
%
|
||
|
61 to 90 days
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
||
|
91 days or greater
|
|
59
|
|
|
9,087
|
|
|
154
|
|
|
5.4
|
%
|
||
|
Total
|
|
948
|
|
|
$
|
166,752
|
|
|
$
|
176
|
|
|
100.0
|
%
|
|
(in thousands)
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Change
|
||||||
|
Investment income:
|
|
|
|
|
|
||||||
|
Interest income
|
$
|
2,447
|
|
|
$
|
2,287
|
|
|
$
|
160
|
|
|
Dividend income
|
2,493
|
|
|
1,787
|
|
|
706
|
|
|||
|
Servicing income
|
1,659
|
|
|
1,068
|
|
|
591
|
|
|||
|
Other income
|
624
|
|
|
464
|
|
|
160
|
|
|||
|
Total investment income
|
$
|
7,223
|
|
|
$
|
5,606
|
|
|
$
|
1,617
|
|
|
(in thousands):
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Change
|
||||||
|
Total NSBF originated servicing portfolio
(1)
|
$
|
845,126
|
|
|
$
|
694,163
|
|
|
$
|
150,963
|
|
|
Total servicing income earned
|
$
|
1,659
|
|
|
$
|
1,068
|
|
|
$
|
591
|
|
|
(in thousands)
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
||||
|
Net investment loss
|
$
|
(4,081
|
)
|
|
$
|
(2,295
|
)
|
|
Loss on lease
|
1,487
|
|
|
—
|
|
||
|
Net realized gains on SBA non-affiliate debt investments
|
7,519
|
|
|
7,340
|
|
||
|
Adjusted net investment income
|
$
|
4,925
|
|
|
$
|
5,045
|
|
|
(in thousands)
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Change
|
||||||
|
Expenses:
|
|
|
|
|
|
||||||
|
Salaries and benefits
|
$
|
3,629
|
|
|
$
|
3,133
|
|
|
$
|
496
|
|
|
Interest
|
1,975
|
|
|
1,728
|
|
|
247
|
|
|||
|
Depreciation and amortization
|
85
|
|
|
85
|
|
|
—
|
|
|||
|
Loss on lease
|
1,487
|
|
|
—
|
|
|
1,487
|
|
|||
|
Other general and administrative costs
|
4,128
|
|
|
2,955
|
|
|
1,173
|
|
|||
|
Total expenses
|
$
|
11,304
|
|
|
$
|
7,901
|
|
|
$
|
3,403
|
|
|
(in thousands)
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Change
|
||||||
|
Securitization Trusts
|
$
|
921
|
|
|
$
|
943
|
|
|
$
|
(22
|
)
|
|
Capital One lines of credit (NSBF)
|
230
|
|
|
324
|
|
|
(94
|
)
|
|||
|
Capital One term loan and line of credit (NBS)
|
—
|
|
|
402
|
|
|
(402
|
)
|
|||
|
Notes due 2022 and Notes due 2021
|
755
|
|
|
—
|
|
|
755
|
|
|||
|
Related party note
|
55
|
|
|
30
|
|
|
25
|
|
|||
|
Capco
|
13
|
|
|
15
|
|
|
(2
|
)
|
|||
|
Other
|
1
|
|
|
14
|
|
|
(13
|
)
|
|||
|
Total interest expense
|
$
|
1,975
|
|
|
$
|
1,728
|
|
|
$
|
247
|
|
|
|
Three Months Ended
|
||||||||||||
|
|
June 30, 2016
|
|
June 30, 2015
|
||||||||||
|
(in thousands)
|
# of Debt Investments
|
|
$ Amount
|
|
# of Debt Investments
|
|
$ Amount
|
||||||
|
SBA non-affiliate investments originated during the quarter
|
100
|
|
|
$
|
75,827
|
|
|
85
|
|
|
$
|
53,882
|
|
|
SBA guaranteed non-affiliate investments sold during the quarter
|
90
|
|
|
$
|
51,225
|
|
|
80
|
|
|
$
|
52,192
|
|
|
Realized gains recognized on sale of SBA guaranteed non-affiliate investments
|
—
|
|
|
$
|
7,515
|
|
|
—
|
|
|
$
|
7,693
|
|
|
Average sale price as a percent of principal balance
(1)
|
—
|
|
|
112.17
|
%
|
|
—
|
|
|
112.46
|
%
|
||
|
(in thousands)
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Change
|
||||||
|
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments
|
$
|
706
|
|
|
$
|
(1,464
|
)
|
|
$
|
2,170
|
|
|
Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments
|
478
|
|
|
(470
|
)
|
|
948
|
|
|||
|
Net unrealized appreciation on controlled investments
|
2,034
|
|
|
2,019
|
|
|
15
|
|
|||
|
Change in provision for deferred taxes on unrealized gains on investments
|
(833
|
)
|
|
—
|
|
|
(833
|
)
|
|||
|
Net unrealized depreciation on credits in lieu of cash and notes payable in credits in lieu of cash
|
(1
|
)
|
|
2
|
|
|
(3
|
)
|
|||
|
Net unrealized depreciation on non-control/non-affiliate investments
|
(27
|
)
|
|
—
|
|
|
(27
|
)
|
|||
|
Total net unrealized appreciation on investments
|
$
|
2,357
|
|
|
$
|
87
|
|
|
$
|
2,270
|
|
|
(in thousands)
|
Three Months Ended June 30, 2016
|
|
Three Months Ended June 30, 2015
|
|
Change
|
||||||
|
Net unrealized depreciation on servicing assets
|
$
|
(438
|
)
|
|
$
|
(256
|
)
|
|
$
|
(182
|
)
|
|
(in thousands)
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
|
Change
|
||||||
|
Investment income:
|
|
|
|
|
|
||||||
|
Interest income
|
$
|
4,980
|
|
|
$
|
4,500
|
|
|
$
|
480
|
|
|
Dividend income
|
4,786
|
|
|
2,874
|
|
|
1,912
|
|
|||
|
Servicing income
|
3,030
|
|
|
2,111
|
|
|
919
|
|
|||
|
Other income
|
1,221
|
|
|
871
|
|
|
350
|
|
|||
|
Total investment income
|
$
|
14,017
|
|
|
$
|
10,356
|
|
|
$
|
3,661
|
|
|
(in thousands):
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
|
Change
|
||||||
|
Total NSBF originated servicing portfolio
(1)
|
$
|
845,126
|
|
|
$
|
694,163
|
|
|
$
|
150,963
|
|
|
Total servicing income earned
|
$
|
3,030
|
|
|
$
|
2,111
|
|
|
$
|
919
|
|
|
(in thousands)
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
||||
|
Net investment loss
|
$
|
(5,461
|
)
|
|
$
|
(4,771
|
)
|
|
Loss on lease
|
1,487
|
|
|
—
|
|
||
|
Net realized gains on SBA non-affiliate debt investments
|
13,805
|
|
|
15,039
|
|
||
|
Adjusted net investment income
|
$
|
9,831
|
|
|
$
|
10,268
|
|
|
(in thousands)
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
|
Change
|
||||||
|
Expenses:
|
|
|
|
|
|
||||||
|
Salaries and benefits
|
$
|
6,973
|
|
|
$
|
6,156
|
|
|
$
|
817
|
|
|
Interest
|
3,463
|
|
|
3,084
|
|
|
379
|
|
|||
|
Depreciation and amortization
|
125
|
|
|
170
|
|
|
(45
|
)
|
|||
|
Loss on lease
|
1,487
|
|
|
—
|
|
|
1,487
|
|
|||
|
Other general and administrative costs
|
7,430
|
|
|
5,717
|
|
|
1,713
|
|
|||
|
Total expenses
|
$
|
19,478
|
|
|
$
|
15,127
|
|
|
$
|
4,351
|
|
|
(in thousands)
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
|
Change
|
||||||
|
Securitization Trusts
|
$
|
1,879
|
|
|
$
|
1,833
|
|
|
$
|
46
|
|
|
Capital One lines of credit (NSBF)
|
447
|
|
|
594
|
|
|
(147
|
)
|
|||
|
Capital One term loan and line of credit (NBS)
|
—
|
|
|
564
|
|
|
(564
|
)
|
|||
|
Notes due 2022 and Notes due 2021
|
933
|
|
|
—
|
|
|
933
|
|
|||
|
Related party note
|
177
|
|
|
—
|
|
|
177
|
|
|||
|
Capco
|
26
|
|
|
37
|
|
|
(11
|
)
|
|||
|
Other
|
1
|
|
|
56
|
|
|
(55
|
)
|
|||
|
Total interest expense
|
$
|
3,463
|
|
|
$
|
3,084
|
|
|
$
|
379
|
|
|
|
Six Months Ended
|
||||||||||||
|
|
June 30, 2016
|
|
June 30, 2015
|
||||||||||
|
(in thousands)
|
# of Debt Investments
|
|
$ Amount
|
|
# of Debt Investments
|
|
$ Amount
|
||||||
|
SBA non-affiliate investments originated during the quarter
|
199
|
|
|
$
|
131,884
|
|
|
133
|
|
|
$
|
103,511
|
|
|
SBA guaranteed non-affiliate investments sold during the quarter
|
189
|
|
|
$
|
93,718
|
|
|
143
|
|
|
$
|
104,542
|
|
|
Realized gains recognized on sale of SBA guaranteed non-affiliate investments
|
—
|
|
|
$
|
13,791
|
|
|
—
|
|
|
$
|
15,438
|
|
|
Average sale price as a percent of principal balance
(1)
|
—
|
|
|
112.28
|
%
|
|
—
|
|
|
112.45
|
%
|
||
|
(in thousands)
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
|
Change
|
||||||
|
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments
|
$
|
768
|
|
|
$
|
(3,162
|
)
|
|
$
|
3,930
|
|
|
Net unrealized depreciation on SBA unguaranteed non-affiliate investments
|
(549
|
)
|
|
(1,136
|
)
|
|
587
|
|
|||
|
Net unrealized appreciation on controlled investments
|
5,724
|
|
|
9,519
|
|
|
(3,795
|
)
|
|||
|
Change in provision for deferred taxes on unrealized gains on investments
|
(2,441
|
)
|
|
—
|
|
|
(2,441
|
)
|
|||
|
Net unrealized depreciation on credits in lieu of cash and notes payable in credits in lieu of cash
|
(1
|
)
|
|
2
|
|
|
(3
|
)
|
|||
|
Net unrealized depreciation on non-control/non-affiliate investments
|
(43
|
)
|
|
—
|
|
|
(43
|
)
|
|||
|
Total net unrealized appreciation on investments
|
$
|
3,458
|
|
|
$
|
5,223
|
|
|
$
|
(1,765
|
)
|
|
(in thousands)
|
Six Months Ended June 30, 2016
|
|
Six Months Ended June 30, 2015
|
|
Change
|
||||||
|
Net unrealized depreciation on servicing assets
|
$
|
(841
|
)
|
|
$
|
(612
|
)
|
|
$
|
(229
|
)
|
|
(in thousands)
|
Six months ended June 30, 2016
|
|
Six months ended June 30, 2015
|
||||
|
Net cash provided by operating activities
|
$
|
6,356
|
|
|
$
|
3,433
|
|
|
Net cash used in investing activities
|
(1,543
|
)
|
|
(70
|
)
|
||
|
Net cash used in financing activities
|
(5,900
|
)
|
|
(15,084
|
)
|
||
|
Net decrease in cash and cash equivalents
|
(1,087
|
)
|
|
(11,721
|
)
|
||
|
Cash and cash equivalents, beginning of period
|
4,308
|
|
|
17,813
|
|
||
|
Cash and cash equivalents, end of period
|
$
|
3,221
|
|
|
$
|
6,092
|
|
|
(in thousands)
|
Payments due by period
|
||||||||||||||||||
|
Contractual Obligations
|
Total
|
|
Less than 1 year
|
|
1-3 years
|
|
3-5 years
|
|
More than 5 years
|
||||||||||
|
Bank notes payable
|
$
|
25,050
|
|
|
$
|
17,200
|
|
|
$
|
7,850
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Securitization notes payable
(1)
|
81,560
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
81,560
|
|
|||||
|
Notes due 2022
(1)
|
8,324
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
8,324
|
|
|||||
|
Notes due 2021
(1)
|
40,250
|
|
|
—
|
|
|
—
|
|
|
40,250
|
|
|
—
|
|
|||||
|
Notes payable - related parties
|
4,800
|
|
|
—
|
|
|
4,800
|
|
|
—
|
|
|
—
|
|
|||||
|
Employment agreements
|
844
|
|
|
844
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
|
Operating leases
|
14,116
|
|
|
560
|
|
|
3,377
|
|
|
2,416
|
|
|
7,763
|
|
|||||
|
Totals
|
$
|
174,944
|
|
|
$
|
18,604
|
|
|
$
|
16,027
|
|
|
$
|
42,666
|
|
|
$
|
97,647
|
|
|
Level 1
|
|
Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain U.S. Treasury, other U.S. Government and agency mortgage-backed debt securities that are highly liquid and are actively traded in over-the-counter markets.
|
|
|
|
|
|
Level 2
|
|
Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes certain U.S. Government and agency mortgage-backed debt securities, corporate debt securities, derivative contracts and residential mortgage loans held-for-sale.
|
|
|
|
|
|
Level 3
|
|
Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category generally includes certain private equity investments, retained residual interests in securitizations, residential mortgage servicing rights, and highly structured or long-term derivative contracts.
|
|
•
|
issue securities or otherwise incur additional indebtedness or other obligations, including (1) any indebtedness or other obligations that would be equal in right of payment to the Notes, (2) any indebtedness or other obligations that would be secured and therefore rank effectively senior in right of payment to the Notes, (3) indebtedness of ours that is guaranteed by one or more of our subsidiaries and which therefore is structurally senior to the Notes and (4) securities, indebtedness or obligations issued or incurred by our subsidiaries that would be senior to our equity interests in our subsidiaries and therefore rank structurally senior to the Notes with respect to the assets of our subsidiaries, in each case other than an incurrence of indebtedness or other obligation that would cause a violation of Section 18(a)(1)(A) as modified by Section 61(a)(1) of the 1940 Act or any successor provisions, whether or not we continue to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to us by the SEC. Currently, these provisions generally prohibit us from making additional borrowings, including through the issuance of additional debt or the sale of additional debt securities, unless our asset coverage, as defined in the 1940 Act, equals at least 200% after such borrowings;
|
|
•
|
with respect to the 2021 Notes, pay dividends on, or purchase or redeem or make any payments in respect of, capital stock or other securities ranking junior in right of payment to the 2021 Notes, including subordinated indebtedness, in each case other than dividends, purchases, redemptions or payments that would cause a violation of Section 18(a)(1)(B) as modified by Section 61(a)(1) of the 1940 Act as in effect immediately prior to the issuance of the 2021 Notes, we will not declare any dividend (except a dividend payable in stock of the issuer), or declare any other distribution, upon a class of the capital stock of the Company, or purchase any such capital stock, unless, in every such case, at the time of the declaration of any such dividend or distribution, or at the time of any such purchase, the Company has an asset coverage (as defined in the 1940 Act) of at least 200 per centum after deducting the amount of such dividend, distribution or purchase price, as the case may be, and giving effect, in each case, (i) to any exemptive relief granted to the Company by the SEC and (ii) to any no-action relief granted by the SEC to another business development company (or to the Company if it determines to seek such similar no-action or other relief) permitting the business development company to declare any cash dividend or distribution notwithstanding the prohibition contained in Section 18(a)(1)(B) as modified by Section 61(a)(1) of the 1940 Act in order to maintain such business development company’s status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended;
|
|
•
|
with respect to the 2022 Notes, pay dividends on, or purchase or redeem or make any payments in respect of, capital stock or other securities ranking junior in right of payment to the Notes, including subordinated indebtedness, in each case other than dividends, purchases, redemptions or payments that would cause a violation of Section 18(a)(1)(B) as modified by Section 61(a)(1) of the 1940 Act or any successor provisions, giving effect to (i) any exemptive relief granted to us by the SEC and (ii) no-action relief granted by the SEC to another BDC (or to the Company if it determines to seek such similar no-action or other relief) permitting the BDC to declare any cash dividend or distribution notwithstanding the prohibition contained in Section 18(a)(1)(B) as modified by Section 61(a)(1) of the 1940 Act in order to maintain the BDC’s status as a RIC under Subchapter M of the Code (these provisions generally prohibit us from declaring any cash dividend or distribution upon any class of our capital stock, or purchasing any such capital stock if our asset coverage, as defined in the 1940 Act, is below 200% at the time of the declaration of the dividend or distribution or the purchase and after deducting the amount of such dividend, distribution or purchase);
|
|
•
|
sell assets (other than certain limited restrictions on our ability to consolidate, merge or sell all or substantially all of our assets);
|
|
•
|
enter into transactions with affiliates;
|
|
•
|
create liens (including liens on the shares of our subsidiaries) or enter into sale and leaseback transactions;
|
|
•
|
make investments; or
|
|
•
|
create restrictions on the payment of dividends or other amounts to us from our subsidiaries.
|
|
•
|
the time remaining to the maturity of these debt instruments;
|
|
•
|
the outstanding principal amount of debt securities with terms identical to these debt securities;
|
|
•
|
ratings assigned by the national statistical rating agencies;
|
|
•
|
the general economic environment;
|
|
•
|
the supply of debt securities trading in the secondary market, if any;
|
|
•
|
the level, direction and volatility of market interest rates generally; and
|
|
•
|
market rates of interest higher or lower than rates borne by the debt securities.
|
|
Number
|
|
Description
|
|
11
|
|
Computation of Per Share Earnings (included in the notes to the condensed consolidated financial statements in this report).
|
|
|
|
|
|
31.1
|
|
Certification by Principal Executive Officer required by Rule 13a-14 under the Securities Exchange Act of 1934, as amended, filed herewith.
|
|
|
|
|
|
31.2
|
|
Certification by Principal Financial Officer required by Rule 13a-14 under the Securities Exchange Act of 1934, as amended, filed herewith.
|
|
|
|
|
|
32.1
|
|
Certification by Principal Executive and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 filed herewith.
|
|
|
NEWTEK BUSINESS SERVICES CORP.
|
|
|
|
|
|
|
Date: August 9, 2016
|
By:
|
/
S
/ B
ARRY
S
LOANE
|
|
|
|
Barry Sloane
|
|
|
|
Chairman and Chief Executive Officer
(Principal Executive Officer)
|
|
|
|
|
|
Date: August 9, 2016
|
By:
|
/
S
/ J
ENNIFER
E
DDELSON
|
|
|
|
Jennifer Eddelson
|
|
|
|
Chief Accounting Officer
(Principal Financial Officer and Principal Accounting Officer)
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|