NEWT 10-Q Quarterly Report Sept. 30, 2021 | Alphaminr
Newtek Business Services Corp.
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NEWT 10-Q Quarter ended Sept. 30, 2021

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10-Q 1 newt9302110q.htm 10-Q Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)
x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2021

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____to_____
Commission file number: 814-01035
NEWTEK BUSINESS SERVICES CORP.
(Exact name of registrant as specified in its charter)
Maryland 46-3755188
(State or other jurisdiction of
incorporation or organization) 		(I.R.S. Employer
Identification No.)
4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (212) 356-9500
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
5.75% Notes due 2024 NEWTL Nasdaq Global Market LLC
5.50% Notes due 2026 NEWTZ Nasdaq Global Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes x No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes ¨ No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer o Accelerated filer o
Non-accelerated filer x Smaller reporting company o
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial or accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes ¨ No x
As of November 11, 2021, there were 24,071,892 shares issued and outstanding of the registrant’s Common Stock, par value $0.02 per share.



TABLE OF CONTENTS
Page
Item 1.
Consolidated Schedules of Investments as of September 30, 2021 (Unaudited) and December 31, 2020
Item 2.
Item 3.
Item 4.
PART II - OTHER INFORMATION
Item 1.
Item 1A.
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.
Item 4.
Item 5.
Item 6.


Defined Terms

We have used “we,” “us,” “our,” “our company,” and “the Company” to refer to Newtek Business Services Corp. and its subsidiaries in this report. We also have used several other terms in this report, which are explained or defined below:
Terms
1940 Act Investment Company Act of 1940, as amended
2013-1 Trust Newtek Small Business Loan Trust, Series 2013-1, terminated in October 2018
2016-1 Trust Newtek Small Business Loan Trust, Series 2016-1
2017-1 Trust Newtek Small Business Loan Trust, Series 2017-1
2018-1 Trust Newtek Small Business Loan Trust, Series 2018-1
2019-1 Trust Newtek Small Business Loan Trust, Series 2019-1
2022 Notes 7.50% Notes due 2022, redeemed in August 2019
2023 Notes 6.25% Notes due 2023, redeemed in February 2021
2024 Notes 5.75% Notes due 2024
2025 Notes 6.85% Notes due 2025
2026 Notes 5.50% Notes due 2026
Amended 2019 ATM Distribution Agreement First Amendment and Supplement to the Equity Distribution Agreement, dated as of February 28, 2020, by and among the Company and the placement agents
ASC Accounting Standards Codification, as issued by the FASB
ASU Accounting Standards Updates, as issued by the FASB
2017 ATM Equity Distribution Agreement Second Amended and Restated Equity Distribution Agreement, dated August 31, 2018 by and among the Company and the placement agents
2019 ATM Equity Distribution Agreement Equity Distribution Agreement, dated July 10, 2019 by and among the Company and the placement agents
2020 ATM Equity Distribution Agreement Equity Distribution Agreement, dated June 25, 2020 by and among the Company and the placement agents
BDC Business Development Company under the 1940 Act
Board The Company's board of directors
Capital One Capital One Bank, National Association
Code Internal Revenue Code of 1986, as amended
DRIP The Company's dividend reinvestment plan
EBITDA Earnings before interest, taxes, depreciation and amortization
Equity Incentive Plan The Company's 2015 Equity Incentive Plan
Exchange Act Securities Exchange Act of 1934, as amended
FASB Financial Accounting Standards Board
LIBOR London Interbank Offered Rate
NAV Net Asset Value
NBL Capital One Facility Revolving Credit and Security Agreement between NBL SPV1, LLC, a wholly-owned subsidiary of NBL, and Capital One
NBL Deutsche Bank Facility Revolving Credit and Security Agreement between NBL SPV2, LLC, a wholly-owned subsidiary of NBL, and Deutsche Bank
NBNYC National Bank of New York City
Related Party RLOC Unsecured revolving line of credit agreement between NMS as lender and Newtek as borrower
PLP Preferred Lender Program, as authorized by the SBA
PPP Paycheck Protection Program
Related Party RLOC Unsecured revolving line of credit agreement between NMS as lender and Newtek as borrower
RIC Regulated investment company under the Code
S&P Standard and Poor's
SBA United States Small Business Administration
SBLC Small Business Lending Company
SEC U.S. Securities and Exchange Commission
SMB Small-and-medium sized businesses


Sterling Sterling National Bank
Sterling Receivable and Inventory Facility Loan and Security Agreement between NBC and Sterling, as lender, to fund accounts receivable and inventory financing arrangements
Stock Purchase Agreement Stock Purchase Agreement dated August 2, 2021, between the Company, NBNYC and certain NBNYC shareholders to acquire all of the issued and outstanding stock of NBNYC
Taxable Subsidiaries Companies formed by Newtek which are taxed as corporations for income tax purposes
Trustee U.S. Bank, National Association
U.S. GAAP or GAAP Generally accepted accounting principles in the United States
Portfolio Companies and Subsidiaries
NSBF Newtek Small Business Finance, LLC, a consolidated subsidiary
NBL Newtek Business Lending, LLC, a wholly-owned controlled portfolio company
NCL Newtek Conventional Lending, LLC, a 50% owned portfolio company
Exponential Exponential Business Development Co., Inc., a Taxable Subsidiary
NMS Newtek Merchant Solutions, LLC (formerly Universal Processing Services of Wisconsin LLC), a wholly-owned controlled portfolio company
Premier Premier Payments LLC, a former wholly-owned controlled portfolio company which merged into NMS at December 31, 2018
Mobil Money Mobil Money, LLC, a wholly-owned controlled portfolio company
NTS Newtek Technology Solutions, Inc., a wholly-owned controlled portfolio company
IPM International Professional Marketing, Inc., a former wholly-owned controlled portfolio company which merged into NTS on July 1, 2021
SIDCO SIDCO, LLC dba Cloud Nine Services, a wholly-owned controlled portfolio company
EWS Excel WebSolutions, LLC, a wholly-owned controlled portfolio company
NBC CDS Business Services, Inc. dba Newtek Business Credit Solutions, a wholly-owned controlled portfolio company
SBL Small Business Lending, LLC, a wholly-owned controlled portfolio company
BSP ADR Partners, LLC dba banc-serv Partners, LLC, a former wholly-owned controlled portfolio company
NPS or PMT PMTWorks Payroll, LLC dba Newtek Payroll and Benefits Solutions, a wholly-owned controlled portfolio company
NIA Newtek Insurance Agency, LLC, a wholly-owned controlled portfolio company
TAM Titanium Asset Management LLC, a wholly-owned controlled portfolio company
EMCAP EMCAP Loan Holdings, LLC
POS POS on Cloud, LLC, dba Newtek Payment Systems, a controlled portfolio company
5


6
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(In Thousands, except for Per Share Data)
September 30, 2021 December 31, 2020
ASSETS (Unaudited)
Investments, at fair value
SBA unguaranteed non-affiliate investments (cost of $416,652 and $420,400, respectively; includes $276,186 and $312,649, respectively, related to securitization trusts) $ 406,581 $ 407,748
SBA guaranteed non-affiliate investments (cost of $32,646 and $16,964, respectively) 36,041 17,822
Controlled investments (cost of $160,495 and $138,891, respectively) 262,916 239,171
Non-control investments (cost of $6,400 and $6,447, respectively) 6,921 6,447
Total investments at fair value 712,459 671,188
Cash 20,193 2,073
Restricted cash 182,913 49,352
Broker receivable 60,950 52,730
Due from related parties 5,768 6,112
Servicing assets, at fair value 28,899 26,061
Right of use assets 7,611 6,933
Derivative instruments (Note 8) 304 —
Other assets 24,210 26,530
Total assets $ 1,043,307 $ 840,979
LIABILITIES AND NET ASSETS
Liabilities:
Bank notes payable $ 114,986 $ 86,339
Notes due 2023 (par: $0 and $57,500 as of September 30, 2021 and December 31, 2020, Note 7) — 56,505
Notes due 2024 (par: $78,250 and $63,250 as of September 30, 2021 and December 31, 2020, Note 7) 76,993 61,774
Notes due 2025 (par: $15,000 and $5,000 as of September 30, 2021 and December 31, 2020, Note 7) 14,516 4,735
Notes due 2026 (par: $115,000 and $0 as of September 30, 2021 and December 31, 2020, Note 7) 111,948 —
Notes payable - Securitization trusts (par: $177,602 and $221,752 as of September 30, 2021 and December 31, 2020, Note 7) 174,876 218,339
Notes payable - related parties — 24,090
Due to related parties 4,242 2,133
Lease liabilities 9,410 8,697
Deferred tax liabilities 13,526 11,406
Due to participants 146,637 17,885
Accounts payable, accrued expenses and other liabilities 10,153 9,723
Total liabilities 677,287 501,626
Commitment and contingencies (Note 9)
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, 22,559 and 21,970 issued and outstanding, respectively) 451 439
Additional paid-in capital 326,354 316,629
Accumulated undistributed earnings 39,215 22,285
Total net assets 366,020 339,353
Total liabilities and net assets $ 1,043,307 $ 840,979
Net asset value per common share $ 16.23 $ 15.45
7
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In Thousands, except for Per Share Data)
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Investment income
From non-affiliate investments:
Interest income - PPP loans $ 269 $ 3,085 $ 49,989 $ 37,742
Interest income - SBA 7(a) loans 7,131 5,871 19,328 19,382
Servicing income 2,819 2,875 8,346 8,367
Other income 1,446 240 3,829 1,449
Total investment income from non-affiliate investments 11,665 12,071 81,492 66,940
From non-control investments:
Interest income 126 107 374 107
Dividend income 23 31 70 71
Total investment income from non-control investments 149 138 444 178
From controlled investments:
Interest income 594 486 1,703 1,423
Dividend income — 2,234 51 8,884
Total investment income from controlled investments 594 2,720 1,754 10,307
Total investment income 12,408 14,929 83,690 77,425
Expenses:
Salaries and benefits 2,351 3,669 12,727 10,856
Interest 5,177 3,939 15,217 13,727
Depreciation and amortization 72 93 236 312
Professional fees 1,418 651 3,465 2,822
Origination and loan processing 4,586 1,120 10,555 5,666
Origination and loan processing - related party 3,177 2,705 10,830 8,438
Change in fair value of contingent consideration liabilities — — — 54
Loss on extinguishment of debt — — 955 —
Other general and administrative costs 2,322 1,082 5,663 4,415
Total expenses 19,103 13,259 59,648 46,290
Net investment income (loss) (6,695) 1,670 24,042 31,135
Net realized and unrealized gains (losses):
Net realized gain (loss) on non-affiliate investments - SBA 7(a) loans 19,272 (722) 38,079 2,577
Net realized gain (loss) on derivative transactions (268) — (268) —
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments 123 (111) 2,533 (494)
Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments 998 132 2,583 (6,012)
Net unrealized appreciation (depreciation) on controlled investments 7,305 (285) 1,760 (11,156)
Change in deferred taxes (2,843) 70 (2,120) 3,010
Net unrealized appreciation (depreciation) on non-control investments (3) — 521 —
Net unrealized depreciation on servicing assets (1,616) (1,207) (3,322) (1,299)
Net unrealized appreciation on derivative transactions 341 — 304 —
Net realized and unrealized gains (losses) $ 23,309 $ (2,123) $ 40,070 $ (13,374)
Net increase (decrease) in net assets resulting from operations $ 16,614 $ (453) $ 64,112 $ 17,761
Net increase (decrease) in net assets resulting from operations per share $ 0.74 $ (0.02) $ 2.85 $ 0.85
8
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Net investment income (loss) per share $ (0.30) $ 0.08 $ 1.07 $ 1.49
Dividends and distributions declared per common share $ 0.90 $ 0.58 $ 2.10 $ 1.58
Weighted average number of shares outstanding 22,541 21,192 22,468 20,942
9
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (UNAUDITED)
(In Thousands)
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Increase in net assets:
Net investment income (loss) $ (6,695) $ 1,670 $ 24,042 $ 31,135
Net realized gain on investments 19,004 (722) 37,811 2,577
Net unrealized (depreciation) appreciation on investments 4,305 (1,401) 2,259 (15,951)
Net (decrease) increase in net assets resulting from operations 16,614 (453) 64,112 17,761
Distributions to common stockholders (20,159) (12,338) (46,971) (33,128)
Capital share transactions:
Issuance of common stock under dividend reinvestment plan 264 465 618 689
Stock-based compensation expense 299 129 1,473 439
Purchase of vested stock for employee payroll tax withholding — — (1,535) (48)
Issuance of common stock, net of offering costs — 9,142 8,970 16,452
Net increase in net assets from capital share transactions 563 9,736 9,526 17,532
Total increase (decrease) in net assets (2,982) (3,055) 26,667 2,165
Net assets at beginning of period 369,002 327,446 339,353 322,226
Net assets at end of period $ 366,020 $ 324,391 $ 366,020 $ 324,391
Common shares outstanding at end of period 22,559 21,435 22,559 21,435
Capital share activity:
Shares issued under dividend reinvestment plan 10 26 22 44
Shares issued in connection with sales of common stock — 500 430 860
Purchase of vested stock for employee payroll tax withholding — — (56) (3)
Restricted shares issued under Equity Incentive Plan, net of forfeitures 19 4 192 4
Net increase in capital activity 29 530 588 905
10
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In Thousands)
Nine Months Ended September 30,
2021 2020
Cash flows from operating activities:
Net increase in net assets resulting from operations $ 64,112 $ 17,761
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities:
Net unrealized (appreciation) depreciation on controlled investments (1,760) 11,157
Net unrealized (appreciation) depreciation on non-affiliate investments (5,637) 6,506
Net unrealized depreciation on servicing assets 3,322 1,299
Net unrealized appreciation on derivative transactions (304) —
Net realized gains on non-affiliate investments (31,919) (2,577)
Allowance for doubtful accounts 397 —
Change in fair value of contingent consideration liabilities — 54
Loss on extinguishment of debt 955 —
Amortization of deferred financing costs 1,801 1,407
Deferred income taxes 2,120 (3,010)
Depreciation and amortization 236 312
Purchase of loans (9,096) (5,522)
Purchase of loans from affiliate — (15,296)
Funding of guaranteed non-affiliate SBA loans (1,035,141) (1,255,529)
Funding of unguaranteed non-affiliate SBA loans (56,429) (20,619)
Funding of controlled investments (36,985) (21,437)
Proceeds from sale of non-affiliate SBA loans 1,061,577 1,263,371
Principal received on SBA non-affiliate investments 57,419 43,857
Principal received from controlled investments — 625
Principal received from non-control investments 48 17
Return of investment from controlled investments 15,000 16,221
Other, net 1,952 (36)
Changes in operating assets and liabilities:
Broker receivable (8,220) 42,527
Due to/from related parties 2,056 (2,414)
Other assets 3,113 (1,191)
Due to participants 128,752 —
Accounts payable, accrued expenses and other liabilities 465 228
Capitalized servicing asset (6,160) (1,445)
Other, net 26 26
Net cash provided by operating activities 151,700 76,292
Cash flows from investing activities:
Purchase of fixed assets — (10)
Cash flows from financing activities:
Net repayments on bank notes payable 28,647 (4,817)
Proceeds from common shares sold, net of offering costs 8,969 16,451
Net repayments under related party line of credit (24,090) (613)
Proceeds from Notes due 2024 15,000 —
Proceeds from Notes due 2025 10,000 —
Proceeds from Notes due 2026 115,000 —
Redemption of Notes due 2023 (57,500) —
Payments on Notes Payable - Securitization Trusts (44,150) (40,962)
Dividends paid (46,353) (32,439)
11
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In Thousands)
Nine Months Ended September 30,
2021 2020
Additions to deferred financing costs (4,007) (584)
Purchase of vested stock for employee payroll tax withholding (1,535) (48)
Net cash used in financing activities (19) (63,012)
Net increase in cash and restricted cash 151,681 13,270
Cash and restricted cash—beginning of period (Note 2) 51,425 33,207
Cash and restricted cash—end of period (Note 2) $ 203,106 $ 46,477
Non-cash operating, investing and financing activities:
Foreclosed real estate acquired $ 1,654 $ 646
Issuance of common shares under dividend reinvestment plan $ 618 $ 689


12
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Pegasus Automotive, Inc. (#,^) 3981 Hylan Blvd., Staten Island, NY 10308 Gasoline Stations Term Loan Prime plus 2.75% 12/23/2022 $ 1.5 $ 1.5 $ 1.5 — %
Bhailal Patel dba New Falls Motel (#,^) 201 Lincoln Hwy., Fairless Hills, PA 19030 Accommodation Term Loan Prime plus 2.75% 3/27/2023 0.6 0.6 0.6 — %
Alyssa Corp dba Knights Inn (#,^) 1105 Columbus Pkwy., Opelika, AL 36801 Accommodation Term Loan Prime plus 2.25% 9/30/2023 26.1 26.1 26.4 0.01 %
Stillwell Ave Prep School (#,^) 1990 Stillwell Ave., Brooklyn, NY 11214 Social Assistance Term Loan Prime plus 2.75% 1/14/2023 6.9 6.9 7.0 — %
Naseeb Corporation (#,^) 1696 North BRd. St., Meriden, CT 06450 Accommodation Term Loan Prime plus 2.25% 3/31/2024 11.8 11.8 12.0 — %
Randall D. & Patricia D. Casaburi dba Pat's Pizzazz (#,^) 386 Winsted Rd., Torrington, CT 06790 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 3/13/2023 2.0 2.0 2.0 — %
Deesha Corporation, Inc. dba Best Inn & Suites (#,^) 9225 Pkwy. East, Birmingham, AL 35206 Accommodation Term Loan Prime plus 2.25% 2/14/2025 13.1 13.1 13.5 — %
Track Side Collision & Tire, Inc. (#,^) 98-16 160 Ave., Ozone Park, NY 11414 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 6/16/2025 2.5 2.5 2.6 — %
Robin C. & Charles E. Taylor & Brigantine Aquatic Center LLC (#,^) 3118 Bayshore Ave., Brigantine, NJ 08203 Amusement, Gambling, and Recreation Industries Term Loan 6% 9/14/2023 21.1 21.1 20.8 0.01 %
Auto Sales, Inc. (#,^) 1925 State St., Hamden, CT 06417 Motor Vehicle and Parts Dealers Term Loan 6% 8/17/2023 2.5 2.5 2.5 — %
Min Hui Lin (#,^) 1916 BRd. St., Lanett, AL 36863 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/30/2028 11.6 11.6 12.3 — %
Shuttle Car Wash, Inc. dba Shuttle Car Wash (#,^) 745 Cheney Hwy., Ttitusville, FL 32780 Repair and Maintenance Term Loan Prime plus 2.25% 11/10/2028 11.3 11.3 11.8 — %
Whirlwind Car Wash, Inc. (#) 1370 Le Anne Marie Circle, Columbus, OH 43026 Repair and Maintenance Term Loan Prime plus 2% 4/9/2029 10.9 10.9 11.4 — %
David M. Goens dba Superior Auto Paint & Body, Inc. (#) 1912 Manhattan Ave, Harvey, LA 70058 Repair and Maintenance Term Loan 6% 8/26/2024 7.8 7.8 7.7 — %
Moonlight Multi Media Production, Inc. (#,^) 2700 West Cypress Creek Rd., Fort Lauderdale, FL 33309 Other Information Services Term Loan 5.3% 2/1/2025 0.5 0.5 0.5 — %
Mogas Limited (#,^) 47 Chestnut St., Elmer, NJ 08318 Gasoline Stations Term Loan Prime plus 2.75% 5/31/2030 48.1 48.1 52.2 0.01 %
Head To Toe Personalized Pampering, Inc. (#,^) 2331 North State Rd. 7, Lauderhill, FL 33313 Personal and Laundry Services Term Loan Prime plus 2.75% 1/27/2031 6.8 6.8 7.4 — %
Dave Kris, and MDK Ram Corp. (#,^) 15 Elm Park, Groveland, MA 01930 Food and Beverage Stores Term Loan Prime plus 2.75% 2/5/2026 16.0 16.0 16.7 — %
Water Works Laundromat, LLC (#) 968-970 Bergen St., Newark, NJ 07104 Personal and Laundry Services Term Loan Prime plus 2.25% 9/7/2027 113.6 113.6 118.4 0.03 %
1911 East Main Street Holdings, Corp (#,^) 1911 East Main St., Endicott, NY 13760 Repair and Maintenance Term Loan Prime plus 2.75% 5/18/2032 9.0 9.0 9.9 — %
Connect Litigation Technology, Inc. (#,^) 1101 Ivy Hill Rd., #4, Philadelphia, PA 19150 Professional, Scientific, and Technical Services Term Loan Prime plus 2% 10/18/2025 14.2 14.2 14.6 — %
Bliss Coffee and Wine Bar, LLC (#) 1402-A Handlir Dr., Bel Air, MD 21015 Food Services and Drinking Places Term Loan 6% 11/30/2022 57.8 57.8 57.3 0.02 %
13
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

D & D's Divine Beauty School of Esther, LLC (#,^) 5524 Germantown Ave, Philadelphia, PA 19144 Educational Services Term Loan 6% 8/1/2031 39.1 39.1 37.6 0.01 %
KMC RE, LLC & B&B Kennels (#,^) 6004 City Park Rd., Austin, TX 78730 Personal and Laundry Services Term Loan Prime plus 2.75% 11/19/2034 41.3 41.3 46.6 0.01 %
Animal Intrusion Prevention Systems Holding Company, LLC (#,^) 3330 North Beach St., Haltom City, TX 76111 Administrative and Support Services Term Loan Prime plus 2.75% 3/29/2024 13.3 13.3 13.6 — %
Tanner Optical Inc. dba Murphy Eye Care (#,^) 305 Shirley Ave., Douglas, GA 31533 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/22/2035 65.6 65.6 74.0 0.02 %
I-90 RV & Auto Supercenter (#,^) 4505 South I-90 Service Rd., Rapid City, SD 57703 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/29/2035 54.8 54.8 61.9 0.02 %
Newsome Trucking Inc and Kevin Newsome (#,^) 2262 HWY 53W, Jasper, GA 30143 Truck Transportation Term Loan Prime plus 2.75% 9/2/2035 183.1 183.1 206.7 0.06 %
Rudy & Louise Chavez dba Clyde's Auto and Furniture Upholstery (#,^) 2320 2nd St., Albuquerque, NM 87107 Repair and Maintenance Term Loan Prime plus 2.75% 9/2/2035 36.9 36.9 41.7 0.01 %
Robert F. Schuler and Lori A. Schuler dba Bob’s Service Center (#,^) 2879 Limekiln Pike, Glenside, PA 19038 Repair and Maintenance Term Loan Prime plus 2.75% 11/30/2035 25.5 25.5 28.7 0.01 %
Seagate Group Holdings, Inc. dba Seagate Logistics, Inc. (#,^) 64-68 North Central Ave., Valley Stream, NY 11580 Support Activities for Transportation Term Loan Prime plus 2.75% 1/28/2036 85.1 85.1 96.1 0.03 %
Michael S. Korfe dba North Valley Auto Repair (#,^) 7516 B 2nd St., NW, Albuquerque, NM 87107 Repair and Maintenance Term Loan Prime plus 2.75% 3/24/2036 11.7 11.7 13.2 — %
Northwind Outdoor Recreation, Inc. dba Red Rock Wilderness Store (#,^) 2267 Fernberg Trail, Ely, MN 55731 Nonstore Retailers Term Loan Prime plus 2.75% 4/18/2036 109.0 109.0 123.0 0.03 %
Profile Performance, Inc. and Eidak Real Estate, L.L.C. (#,^) 44600 Michigan Ave., Canton, MI 48188 Repair and Maintenance Term Loan Prime plus 2.75% 4/20/2036 96.6 96.6 109.0 0.03 %
Lavertue Properties LLP dba Lavertue Properties (#,^) 24 Wakefield St., Rochester, NH 13867 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 6/29/2036 34.3 34.3 38.7 0.01 %
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP (#,^) 4920 Lincoln Ave. Route 53, Lisle, IL 60532 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/29/2036 267.8 267.8 302.4 0.08 %
LaHoBa, LLC d/b/a Papa John's (#,^) 3001 Pontchartrain Dr., Slidell, LA 70458 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/3/2036 59.2 59.2 66.9 0.02 %
Valiev Ballet Academy, Inc (#,^) 635 - 637 Londonderry Lane, Denton, TX 76205 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 8/12/2036 32.6 32.6 36.8 0.01 %
Michael S. Decker & Janet Decker dba The Hen House Cafe (#) 401 Caribou St., Simla, CO 80835 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/30/2036 12.6 12.6 14.2 — %
39581 Garfield, LLC and Tricounty Neurological Associates, P.C. (#,^) 39581 Garfield Rd., Clinton Township, MI 48038 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/30/2036 20.5 20.5 23.1 0.01 %
39581 Garfield, LLC and Tri County Neurological Associates, P.C. (#,^) 39581 Garfield Rd., Clinton Township, MI 48038 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/30/2036 60.2 60.2 68.0 0.02 %
14
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

K9 Bytes, Inc & Epazz, Inc dba K9 Bytes, Inc (#) 325 N. Milwaukee Ave, Suite G1, Wheeling, IL 60090 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 10/26/2021 4.6 4.6 — — %
K's Salon, LLC d/b/a K's Salon (#,^) 162 West 84th St., New York, NY 10024 Personal and Laundry Services Term Loan Prime plus 2.75% 12/20/2021 2.5 2.5 2.5 — %
J. Kinderman & Sons, Inc. dba Brite Star Manufacturing Company (#,^) 2900 South 20th St., Philadelphia, PA 19145 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/22/2036 132.6 132.6 149.7 0.04 %
ATI Jet, Inc. (#) 7007 Boeing Dr., El Paso, TX 79925 Air Transportation Term Loan Prime plus 2.75% 12/28/2026 261.4 261.4 274.7 0.08 %
Shweiki Media, Inc. dba Study Breaks Magazine (#,^) 4954 Space Center Dr., San Antonio, TX 78218 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 3/22/2027 622.1 622.1 655.3 0.18 %
Manuel P. Barrera and Accura Electrical Contractor, Inc. (#,^) 6187 NW 167th St. Unit H3, Miami, FL 33015 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/23/2028 55.0 55.0 58.5 0.02 %
Access Staffing, LLC (#,^) 360 Lexington Ave., 8th Floor, New York, NY 10017 Administrative and Support Services Term Loan Prime plus 2.75% 3/30/2022 15.8 15.8 15.9 — %
Tanner Optical, Inc. dba Murphy Eye Care (#,^) 305 Shirley Ave., Douglas, GA 31533 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/27/2022 0.1 0.1 0.1 — %
Tracey Vita-Morris dba Tracey Vita's School of Dance (#,^) 4181 9th Ave. West, Bradenton, FL 34025 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 5/10/2022 2.0 2.0 2.1 — %
Graphish Studio, Inc. and Scott Fishoff (#,^) 231 Main St., Stanford, CT 06901 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/14/2022 2.0 2.0 2.0 — %
KIND-ER-ZZ Inc dba Kidville (#,^) 30 Maple St., Summit, NJ 07901 Educational Services Term Loan Prime plus 2.75% 6/15/2022 5.0 5.0 5.1 — %
Central Tire, Inc. dba Cooper Tire & Auto Services (#,^) 1111 S Tillotson Ave., Muncie, IN 47304 Repair and Maintenance Term Loan Prime plus 2.75% 6/29/2037 229.5 229.5 259.1 0.07 %
Suncoast Aluminum Furniture, Inc (#,^) 6291 Thomas Rd., Fort Myers, FL 33912 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 8/17/2037 289.1 289.1 326.4 0.09 %
AJK Enterprise LLC dba AJK Enterprise LLC (#) 1901 Naylor Rd., SE, Washington, DC 20020 Truck Transportation Term Loan Prime plus 2.75% 8/27/2022 1.8 1.8 1.8 — %
O'Rourkes Diner LLC dba O'Rourke's Diner (#,^) 728 Main St., Middletown, CT 06457 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/19/2037 53.2 53.2 60.1 0.02 %
Reidville Hydraulics Mfg Inc dba Summit (#,^) 175 Industrial Lane, Torrington, CT 06790 Machinery Manufacturing Term Loan Prime plus 2.75% 11/2/2037 212.1 212.1 239.5 0.07 %
Hi-Def Imaging, Inc. dba SpeedPro Imaging (#,^) 3580 Progress Dr., Unit Q, Bensalem, PA 19020 Printing and Related Support Activities Term Loan Prime plus 2.75% 11/9/2022 3.5 3.5 3.5 — %
St Judes Physical Therapy P.C. (#,^) 7712 Fourth Ave, Brooklyn, NY 11209 Ambulatory Health Care Services Term Loan Prime plus 2.75% 11/19/2022 3.2 3.2 3.3 — %
R & J Petroleum LLC (EPC) Manar USA, Inc. (OC) (#,^) 305 Quincy Shore Dr., Quincy, MA 02107 Gasoline Stations Term Loan Prime plus 2.75% 11/20/2037 145.5 145.5 164.3 0.04 %
U & A Food and Fuel, Inc. dba Express Gas & Food Mart (#,^) 1345 Wampanoag Trail, East Providence, RI 02915 Gasoline Stations Term Loan Prime plus 2.75% 11/21/2037 77.8 77.8 87.9 0.02 %
DRV Enterprise, Inc. dba Cici's Pizza # 339 (#,^) 5771 East Fowler Ave, Temple Terrace, FL 33617 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/26/2022 9.4 9.4 9.6 — %
D&L Rescources, Inc. dba The UPS Store (#,^) 8958 W State Rd. # 84, Davie, FL 33324 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 11/27/2022 1.5 1.5 1.5 — %
15
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Richmond Hill Mini Market, LLC (#,^) 101 Richmond Hill Ave., Stamford, CT 06902 Food and Beverage Stores Term Loan Prime plus 2.75% 11/27/2037 149.6 149.6 168.9 0.05 %
Daniel Gordon and Erin Gordon and Silver Lining Stables CT, LLC (#,^) 38 Carmen Lane, Monroe, CT 06468 Support Activities for Agriculture and Forestry Term Loan Prime plus 2.75% 11/28/2037 185.0 185.0 208.9 0.06 %
Polpo Realty LLC (EPC) & Polpo Restaurant LLC (OC) dba Polpo Restauran (#,^) 554 Old Post Rd. #3, Greenwich, CT 06830 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/27/2037 431.0 431.0 486.6 0.13 %
Macho LLC (EPC) Madelaine Chocolate Novelties Inc(OC) dba The Madelai (#,^) 96-03 Beach Channel Dr., Rockaway Beach, NY 11693 Food Manufacturing Term Loan Prime plus 2.75% 12/31/2037 407.7 407.7 460.3 0.13 %
Sherill Universal City dba Golden Corral LP (#,^) 2301 Pat Booker Rd, Universal City, TX 78148 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/28/2038 372.8 372.8 420.9 0.11 %
Retain Loyalty LLC (#,^) 1250 Sanders Ave. SW, Massillon, OH 44647 Printing and Related Support Activities Term Loan Prime plus 2.75% 2/15/2038 93.6 93.6 105.7 0.03 %
Osceola River Mill, LLC(EPC) Ironman Machine, Inc.(OC) (#,^) 27 Hungerford St., Pittsfield, MA 01201 Machinery Manufacturing Term Loan Prime plus 2.75% 2/20/2038 70.3 70.3 79.4 0.02 %
Sound Manufacturing, Inc. and Monster Power Equipment Inc. (#,^) 51 Donnelley Rd., Old Saybrook, CT 06475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 3/15/2023 93.3 93.3 94.6 0.03 %
Truth Technologies Inc dba Truth Technologies Inc. (#,^) 2341 Cheshire Lane, Naples, FL 34109 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/21/2023 17.1 17.1 17.3 — %
Michael A.and HeatherR. Welsch dba Art & FrameEtc. (#,^) 2819 West T C Jester Blvd., Houston, TX 77018 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 3/22/2038 55.2 55.2 62.3 0.02 %
American Diagnostic Imaging, Inc. dba St. Joseph Imaging Center (#,^) 3937 Sherman Ave., Saint Joseph, MO 64506 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/25/2038 455.5 455.5 514.3 0.14 %
A & M Commerce, Inc. dba Cranberry Sunoco (#,^) 398 Baltimore Blvd, Westminster, MD 21157 Gasoline Stations Term Loan Prime plus 2.75% 3/27/2038 265.9 265.9 300.3 0.08 %
1258 Hartford TPKE, LLC (EPC) and Phelps and Sons, Inc (OC) (#,^) 1258 Hartford Turnpike, Vernon, CT 06066 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 3/29/2038 102.0 102.0 115.1 0.03 %
Peanut Butter & Co., Inc. (#,^) 250 West 54th St., New York, NY 10019 Food Manufacturing Term Loan Prime plus 2.75% 4/30/2023 20.7 20.7 21.0 0.01 %
Ryan D. Thornton and Thornton & Associates LLC (#,^) 800 Bethel St., Suite 200, Honolulu, HI 96813 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 5/24/2023 10.4 10.4 10.5 — %
Gregory P Jellenek OD and Associates PC dba Gregory P Jellenek OD and (#,^) 4640 Monticello Ave., Suite 8A, Williamsburg, VA 23188 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/28/2023 13.6 13.6 13.8 — %
(EPC) Absolute Desire LLC and Mark H. Szierer (OC) Sophisticated Smile (#,^) 85 Reaville Ave., Flemington, NJ 08822 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/5/2038 155.0 155.0 175.0 0.05 %
Elite Structures Inc (#,^) 401 Old Quitman Rd., Adel, GA 31620 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/12/2038 698.5 698.5 788.6 0.22 %
KDP LLC and KDP Investment Advisors, Inc and KDP Asset Management, Inc (#,^) 24 Elm St., Montpelier, VT 05602 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 6/14/2023 78.7 78.7 79.9 0.02 %
16
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Blakeslee Arpaia Chapman, Inc. dba Blakeslee Industrial Services (#,^) 200 North Branford Rd., Branford, CT 06405 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 6/18/2028 501.6 501.6 534.2 0.15 %
2161 Highway 6 Trail, LLC, (EPC) R. H. Hummer JR., Inc. (Co-Borrower) (#,^) 2141 P Ave., Williamsburg, IA 52361 Truck Transportation Term Loan Prime plus 2.75% 6/19/2026 303.3 303.3 317.1 0.09 %
Maxiflex LLC (#,^) 512 Verret St., New Orleans, LA 70114 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 6/28/2023 10.2 10.2 10.4 — %
GIA Realty LLC and VRAJ GIA LLC dba Lakeview Laundromat (#,^) 411 Sharp St., Millville, NJ 08332 Personal and Laundry Services Term Loan Prime plus 2.75% 6/28/2038 80.3 80.3 90.7 0.02 %
Morning Star Trucking LLC and Morning Star Equipment and Leasing LLC (#,^) 1 Poppy Ave., Neptune, NJ 07753 Truck Transportation Term Loan Prime plus 2.75% 7/17/2023 12.9 12.9 13.1 — %
Tri County Heating and Cooling Inc. (#,^) 509 East Park St., Livingston, MT 59047 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/19/2023 21.9 21.9 22.3 0.01 %
Angkor Restaurant Inc (#,^) 10 Traverse St., Providence, RI 02903 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/19/2038 77.0 77.0 86.9 0.02 %
Harbor Ventilation Inc and Estes Investment, LLC (#,^) 509 East Park St., Livingston, MT 59047 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/19/2038 2.0 2.0 2.2 — %
Daniel W and Erin H Gordon and Silver Lining Stables CT, LLC (#,^) 38 Carmen Lane, Monroe, CT 06468 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/24/2023 2.8 2.8 2.9 — %
Caribbean Concepts, Inc. dba Quick Bleach (#,^) 120 East 56th St., St.#730, New York, NY 10022 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/12/2023 5.6 5.6 5.7 — %
JSIL LLC dba Blackstones Hairdressing (#,^) 19 East 7th St., New York, NY 10003 Personal and Laundry Services Term Loan Prime plus 2.75% 8/16/2023 4.8 4.8 4.9 — %
Gulfport Academy Child Care and Learning Center, Inc. and Jennifer Sis (#,^) 15150 Evans St., Gulfport, MS 39503 Social Assistance Term Loan Prime plus 2.75% 8/30/2023 10.8 10.8 11.0 — %
Schmaltz Holdings, LLC (EPC) and Schmaltz Operations, LLC dba Companio (#,^) 3408 Castle Rock Farm Rd., Pittsboro, NC 27312 Personal and Laundry Services Term Loan Prime plus 2.75% 9/4/2038 185.4 185.4 209.4 0.06 %
Prospect Kids Academy Inc (#,^) 532 St Johns Place, Brooklyn, NY 11238 Educational Services Term Loan Prime plus 2.75% 9/11/2038 103.4 103.4 116.7 0.03 %
The Berlerro Group, LLC dba Sky Zone (#,^) 111 Rodeo Dr., Edgewood, NY 11717 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/12/2023 154.1 154.1 156.8 0.04 %
Sound Manufacturing Inc (#,^) 51 Donnelley Rd., Old Saybrook, CT 06475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/12/2028 32.1 32.1 34.3 0.01 %
Grafio Inc dba Omega Learning Center-Acworth (#,^) 5330 Brookstone Dr., Suite 320, Acworth, GA 30101 Educational Services Term Loan Prime plus 2.75% 9/13/2023 43.0 43.0 43.8 0.01 %
Maynard Enterprises Inc dba Fastsigns of Texarkana (#,^) 3735 Mall Dr., Texarkana, TX 75501 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/18/2023 4.2 4.2 4.3 — %
Faith Memorial Chapel LLC (#,^) 600 9th Ave. North, Bessemer, AL 35020 Personal and Laundry Services Term Loan Prime plus 2.75% 9/20/2038 223.0 223.0 251.8 0.07 %
Serious-Fun in Alpharetta, LLC dba The Little Gym of Alpharetta (#,^) 11585 Jones Bridge Rd., Suite 4G, Johns Creek, GA 30022 Educational Services Term Loan Prime plus 2.75% 9/20/2023 12.1 12.1 12.3 — %
17
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Kiddie Steps 4 You Inc. (#,^) 1700 West 63rd St., Chicago, IL 60636 Social Assistance Term Loan Prime plus 2.75% 9/25/2038 76.2 76.2 86.0 0.02 %
Anthony C Dinoto and Susan S P Dinoto and Anthony C Dinoto Funeral Ho (#,^) 17 Pearl St., Mystic, CT 06355 Personal and Laundry Services Term Loan Prime plus 2.75% 9/26/2038 83.2 83.2 93.9 0.03 %
Mitchellville Family Dentistry, Dr. Octavia Simkins-Wiseman DDS PC (#,^) 12150 Annapolis Rd., Suite 301, Glenn Dale, MD 20769 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/27/2038 278.8 278.8 314.8 0.09 %
Cencon Properties LLC and Central Connecticut Warehousing Company, In (#,^) 37 Commons Court, Waterbury, CT 06704 Warehousing and Storage Term Loan Prime plus 2.75% 9/30/2038 287.1 287.1 324.2 0.09 %
Lenoir Business Partners LLC (EPC) LP Industries, Inc dba Childforms (#,^) 2040 Norwood, Lenoir, NC 28645 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 9/30/2038 254.0 254.0 286.8 0.08 %
LP Industries, Inc dba Childforms (#,^) 110 Charleston Dr., Suite 105-107, Morresville, NC 28117 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 9/30/2038 103.5 103.5 116.9 0.03 %
Clairvoyant Realty Corp. and Napoli Marble & Granite Design, Ltd (#,^) 77 Mill Rd., Freeport, NY 11520 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/24/2038 122.6 122.6 138.4 0.04 %
Greenbrier Technical Services, Inc (#,^) 407 E. Edgar Ave., Ronceverte, WV 24970 Repair and Maintenance Term Loan Prime plus 2.75% 10/24/2023 33.5 33.5 34.2 0.01 %
Mid-Land Sheet Metal Inc (#,^) 125 E Fesler St., Santa Maria, CA 93454 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/31/2038 115.5 115.5 130.4 0.04 %
Master CNC Inc & Master Properties LLC (#,^) 11825 29 Mile Rd., Washington, MI 48095 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/31/2038 499.0 499.0 563.4 0.15 %
1 North Restaurant Corp dba 1 North Steakhouse (#,^) 322 W. Montauk Hwy, Hampton Bays, NY 11946 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/31/2038 175.5 175.5 198.1 0.05 %
Janice B. McShan and The Metropolitan Day School, LLC (#,^) 2817 Lomb Ave., Birmingham, AL 35208 Social Assistance Term Loan Prime plus 2.75% 10/31/2023 11.7 11.7 11.9 — %
Polpo Realty, LLC(EPC) Polpo Restaurant, LLC (OC) (#,^) 554 Old Post Rd. #3, Greenwich, CT 06830 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/6/2038 53.5 53.5 60.4 0.02 %
Kids in Motion of Springfield LLC dba The Little Gym of Springfield IL (#,^) 3039-3043 Hedley, Springfield, IL 62704 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 11/18/2023 12.6 12.6 12.9 — %
AcuCall LLC (#,^) 824 U.S Hwy. 1, Suite 335, North Palm Beach, FL 33408 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/21/2023 4.6 4.6 4.7 — %
BVIP Limousine Service LTD (#,^) 887 W Liberty, Medina, OH 44256 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 11/27/2038 64.1 64.1 72.3 0.02 %
Firm Foundations Inc David S Gaitan Jr and Christopher K Daigle (#,^) 1455 S Richland Creek Rd, Sugar HIll, GA 30518 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/3/2038 86.7 86.7 97.9 0.03 %
DKB Transport Corp (#,^) 555 Water Works Rd., Old Bridge, NJ 08857 Truck Transportation Term Loan Prime plus 2.75% 12/5/2038 116.5 116.5 131.5 0.04 %
920 CHR Realty LLC (EPC) V. Garofalo Carting Inc (OC) (#,^) 920 Crooked Hill, Brentwood, NY 11717 Waste Management and Remediation Services Term Loan Prime plus 2.75% 12/10/2038 350.9 350.9 396.1 0.11 %
TAK Properties LLC and Kinderland Inc (#,^) 1157 Commerce Ave., Longview, WA 98632 Social Assistance Term Loan Prime plus 2.75% 12/18/2038 340.0 340.0 383.8 0.10 %
18
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Kurtis Sniezek dba Wolfe's Foreign Auto (#,^) 712 5th St., New Brighton, PA 15066 Repair and Maintenance Term Loan Prime plus 2.75% 12/20/2038 74.6 74.6 84.2 0.02 %
KK International Trading Corporation (#,^) 219 Lafayette Dr., Syosset, NY 11791 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/23/2028 115.3 115.3 123.4 0.03 %
Amboy Woodbridge Realty LLC and United Premium Foods LLC (#) One Amboy Ave., Woodbridge, NJ 07095 Food Manufacturing Term Loan 7% 6/14/2024 1,813.7 1,813.7 1,787.4 0.49 %
Nutmeg North Associates LLC (OC) Steeltech Building Products Inc (#,^) 636 Nutmeg Rd. North, South Windsor, CT 06074 Construction of Buildings Term Loan Prime plus 2.75% 12/31/2038 769.0 769.0 868.2 0.24 %
Icore Enterprises Inc dba Air Flow Filters Inc (#,^) 151 W 24th St, Hialeah, FL 33010 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 1/15/2024 6.5 6.5 6.7 — %
Sarah Sibadan dba Sibadan Agency (#,^) 102-05 101st Ave., Ozone Park, NY 11416 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 1/27/2039 108.9 108.9 123.0 0.03 %
986 Dixwell Avenue Holding Company, LLC(EPC) and Mughali Foods, LLC db (#,^) 986 Dixwell Ave., Hamden, CT 06510 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/7/2039 84.0 84.0 94.9 0.03 %
JWB Industries, Inc. dba Carteret Die Casting (#,^) 74 Veronica Ave, Somerset, NJ 08875 Primary Metal Manufacturing Term Loan Prime plus 2.75% 2/11/2024 86.5 86.5 88.5 0.02 %
96 Mill Street LLC, Central Pizza LLC and Jason Bikakis George Bikaki (#,^) 96 Mill St., Berlin, CT 06037 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/12/2039 118.9 118.9 134.3 0.04 %
Faith Memorial Chapel LLC (#,^) 600 9th Ave. North, Bessemer, AL 35020 Personal and Laundry Services Term Loan Prime plus 2.75% 2/28/2039 180.8 180.8 204.2 0.06 %
952 Boston Post Road Realty, LLC and HNA LLC dba Styles International (#,^) 952 Boston Post Rd., Milford, CT 06460 Personal and Laundry Services Term Loan Prime plus 2.75% 2/28/2039 174.7 174.7 197.2 0.05 %
R & R Boyal LLC dba Cap N Cat Clam Bar and Little Ease Tavern (#,^) 3111 and 3135 Delsea Dr., Franklinville, NJ 08322 Food and Beverage Stores Term Loan Prime plus 2.75% 2/28/2039 352.6 352.6 398.0 0.11 %
Summit Beverage Group LLC (#,^) 211 Washington Ave, Marion, VA 24354 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 2/28/2024 108.4 108.4 110.9 0.03 %
636 South Center Holdings, LLC and New Mansfield Brass and Aluminum Co (#) 636 South Center St., New Washington, OH 44854 Primary Metal Manufacturing Term Loan Prime plus 2.75% 3/20/2039 67.6 67.6 76.3 0.02 %
Cormac Enterprises and Wyoming Valley Beverage Incorporated (#,^) 63 S Wyoming Ave, Edwardsville, PA 18704 Food and Beverage Stores Term Loan Prime plus 2.75% 3/20/2039 93.7 93.7 105.8 0.03 %
Hodges Properties LLC and Echelon Enterprises Inc dba Treads Bicycle (#,^) 16701 E. Iliff Ave., Aurora, CO 80013 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 3/31/2039 380.1 380.1 429.1 0.12 %
Kemmer, LLC (EPC) and Pitts Package Store, Inc.(OC) (#,^) 201 S. Main St., Salem, IN 47167 Food and Beverage Stores Term Loan Prime plus 2.75% 3/31/2039 99.6 99.6 112.4 0.03 %
1899 Tavern & Tap LLC and Ale House Tavern & Tap LLC (#,^) 1899 State Route 35, South Amboy, NJ 08879 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/9/2039 95.1 95.1 107.4 0.03 %
Wilshire Media Systems Inc (#,^) 2649 Townsgate Rd. Suite 500, Westlake Village, CA 91361 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/17/2024 60.0 60.0 61.4 0.02 %
19
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Island Wide Realty LLC and Long Island Partners, Inc. dba Realty Execu (#,^) 201-203-205 West Merrick Rd., Valley Stream, NY 11580 Real Estate Term Loan Prime plus 2.75% 4/22/2039 88.0 88.0 99.3 0.03 %
Gerami Realty, LC (EPC) Sherrill Universal City Corral, LP dba Golden (#,^) 2301 Pat Booker Rd, Universal City, TX 78148 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/23/2027 46.3 46.3 48.8 0.01 %
AS Boyals LLC dba Towne Liquors (#,^) 117 South BRd. St., Woodbury City, NJ 08096 Food and Beverage Stores Term Loan Prime plus 2.75% 4/29/2039 92.4 92.4 104.3 0.03 %
The River Beas LLC and Punam Singh (#,^) 11704 Centurion Way, Potomac, MD 20854 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/8/2039 76.8 76.8 86.7 0.02 %
Jonesboro Health Food Center LLC (#,^) 1321 Stone St., Jonesboro, AR 72401 Health and Personal Care Stores Term Loan Prime plus 2.75% 5/27/2024 21.4 21.4 21.9 0.01 %
Pocono Coated Products, LLC (#,^) 100 Sweetree St., Cherryville, NC 28021 Printing and Related Support Activities Term Loan Prime plus 2.75% 5/30/2024 7.6 7.6 7.8 — %
Long Island Barber Institute Inc (#,^) 266 Greenwich St., Hempstead, NY 11550 Educational Services Term Loan Prime plus 2.75% 6/2/2039 47.3 47.3 53.4 0.01 %
Sujata Inc dba Stop N Save Food Mart and Dhruvesh Patel (#,^) 15637 St Clair Ave, Cleveland, OH 44110 Food and Beverage Stores Term Loan Prime plus 2.75% 6/3/2024 5.8 5.8 5.9 — %
Sico & Walsh Insurance Agency Inc and The AMS Trust (#) 106 Concord Ave., Belmont, MA 02478 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 6/6/2039 78.9 78.9 89.1 0.02 %
Big Sky Plaza LLC and Strickland, Incorporated dba Livingston True Val (#,^) 1313 West Park St. #1, Livingston, MT 59047 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/20/2039 199.1 199.1 224.8 0.06 %
Nikobella Properties LLC and JPO Inc dba Village Car Wash (#) 1372 South US Route 12, Fox Lake, IL 60020 Repair and Maintenance Term Loan Prime plus 2.75% 6/25/2039 434.8 434.8 490.9 0.13 %
AMG Holding, LLC and Stetson Automotive, Inc (#,^) 309 Route 9, Waretown, NJ 08758 Repair and Maintenance Term Loan Prime plus 2.75% 6/30/2039 175.4 175.4 198.0 0.05 %
iFood, Inc. dba Steak N Shake (#,^) 2840 E Millbrook Rd, Raleigh, NC 27604 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/30/2039 541.9 541.9 611.8 0.17 %
Honeyspot Investors LLP and Pace Motor Lines Inc (#,^) 1425 Honeyspot Rd. Extension, Stratford, CT 06615 Truck Transportation Term Loan Prime plus 2.75% 6/30/2039 746.5 746.5 842.8 0.23 %
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP (#,^) 4920 Lincoln Ave. Route 53, Lisle, IL 60532 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/30/2024 34.4 34.4 35.4 0.01 %
Miss Cranston Diner II, LLC and Miss Cranston II Realty LLC (#,^) 15 Stonebridge, Cranston, RI 02921 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/17/2039 61.4 61.4 69.4 0.02 %
Honeyspot Investors LLP and Pace Motor Lines Inc (#,^) 1425 Honeyspot Rd. Extension, Stratford, CT 06615 Truck Transportation Term Loan Prime plus 2.75% 7/24/2039 128.1 128.1 144.6 0.04 %
575 Columbus Avenue Holding Company, LLC and LA-ZE LLC dba EST EST EST (#,^) 575 Columbus Ave., New Haven, CT 06519 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/30/2039 17.4 17.4 19.7 0.01 %
iFood, Inc. dba Steak N Shake (#,^) 5900 Duraleigh Rd., Raleigh, NC 27612 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/31/2024 148.5 148.5 152.5 0.04 %
20
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Almost Home Property LLC and Almost Home Daycare LLC (#,^) 35 Copps Hill Rd., Ridgefield, CT 06877 Social Assistance Term Loan Prime plus 2.75% 8/7/2039 560.9 560.9 633.3 0.17 %
Hamer Road Auto Salvage, LLC and Scott T. Cook and Nikki J. Cook (#,^) 10463 Hamer Rd, Georgetown, OH 45121 Motor Vehicle and Parts Dealers Term Loan 6% 8/8/2039 118.6 118.6 111.8 0.03 %
Katie Senior Care LLC dba Home Instead Senior Care (#,^) 222E Eufaula St Ste 220, Norman, OK 73069 Social Assistance Term Loan Prime plus 2.75% 8/15/2024 39.1 39.1 40.1 0.01 %
Alpha Preparatory Academy LLC (#,^) 4462 Mink Livsey Rd., Snellville, GA 30039 Social Assistance Term Loan Prime plus 2.75% 8/15/2039 125.0 125.0 141.2 0.04 %
Atlas Auto Body Inc dba Atlas Auto Sales (#,^) 20 Providence St., West Warwick, RI 02893 Repair and Maintenance Term Loan Prime plus 2.75% 8/22/2039 44.2 44.2 49.9 0.01 %
B&P Diners LLC dba Engine House Restaurant (#,^) 71 Lafayette St.,, Salem, MA 01970 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/10/2024 30.1 30.1 30.9 0.01 %
Indy East Smiles Youth Dentistry LLC dba Prime Smile East (#,^) 5430 E. Washington St., Indianapolis, IN 46219 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/11/2024 237.2 237.2 243.5 0.07 %
Animal Intrusion Prevention Systems Holding Company, LLC (#,^) 3330 N Beach St., Fort Worth, TX 76111 Administrative and Support Services Term Loan Prime plus 2.75% 9/15/2024 114.9 114.9 118.0 0.03 %
Tavern Properties LLC and Wildwood Tavern LLC (#,^) 6480 West Touhy Ave., Niles, IL 60714 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/15/2039 368.3 368.3 415.8 0.11 %
Ryan Crick and Pamela J. Crick and Crick Enterprises Inc (#,^) 3390 W. Andrew Johnson Hwy, Greeneville, TN 37743 Repair and Maintenance Term Loan Prime plus 2.75% 9/17/2039 125.1 125.1 141.2 0.04 %
Andrene's LLC dba Andrene's Caribbean Soul Food Carry Out (#,^) 308 Kennedy St. NW, Washington, DC 20011 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/23/2024 7.8 7.8 8.1 — %
Gordon E Rogers dba Stonehouse Motor Inn (#,^) 162 Danielson Pike, Foster, RI 02825 Accommodation Term Loan Prime plus 2.75% 9/26/2039 49.4 49.4 55.8 0.02 %
Roccos LLC and Sullo Pantalone Inc dba Rocco's (#,^) 79 Beach Rd. Units B13 and B14, Vineyard Haven, MA 02568 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2039 219.9 219.9 248.2 0.07 %
Sumad LLC dba BrightStar Care of Encinitas (#,^) 680 Fletcher Pkwy, Suite 206, El Cajon, CA 92020 Administrative and Support Services Term Loan Prime plus 2.75% 10/2/2024 20.5 20.5 21.1 0.01 %
Michael Rey Jr. and Lynn J. Williams (EPC) and GIG Petcare dba Hickory (#,^) 900 Alpine Rd., Bridgeville, PA 15017 Personal and Laundry Services Term Loan Prime plus 2.75% 10/3/2039 105.6 105.6 119.3 0.03 %
Doctors Express Management of Central Texas LLC (#,^) 3614 SW HK Dodgen Loop, Ste F, Temple, TX 76504 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/8/2024 2.5 2.5 2.6 — %
DNT Storage and Properties LLC (#,^) 38 Old National Pike, West Alexander, PA 15376 Real Estate Term Loan Prime plus 2.75% 10/10/2039 87.7 87.7 99.0 0.03 %
Sound Manufacturing Inc (#,^) 51 Donnelley Rd., Old Saybrook, CT 06475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 10/10/2024 70.8 70.8 72.9 0.02 %
Heartland American Properties LLC and Skaggs RV Outlet LLC (#,^) 301 Commerce Dr., Elizabethtown, KY 42701 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 10/31/2039 412.4 412.4 465.5 0.13 %
21
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

DC Real LLC and DC Enterprises LTD dba Lakeview True Value (#,^) 318 North F St., Lakeview, OR 97630 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 11/20/2039 103.6 103.6 117.0 0.03 %
Legacy Estate Planning Inc dba American Casket Enterprises (#,^) 2176 Route 119 North, Greensburg, PA 15601 Personal and Laundry Services Term Loan Prime plus 2.75% 11/21/2024 16.6 16.6 17.1 — %
Teamnewman Enterprises LLC dba Newmans at 988 and John H. Newman (#,^) 988 Hemlock St., Cannon Beach, OR 97110 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/25/2039 102.4 102.4 115.6 0.03 %
Kemmer LLC and Apples Tree Top Liquors LLC (#) 1300 S Jackson St., Salem, IN 47167 Food and Beverage Stores Term Loan Prime plus 2.75% 12/4/2039 120.0 120.0 135.5 0.04 %
B & W Towing, LLC and Boychucks Fuel LLC (#,^) 701 Addison Rd., Painted Post, NY 14870 Repair and Maintenance Term Loan Prime plus 2.75% 12/17/2039 137.7 137.7 155.4 0.04 %
Will Zac Management LLC dba Papa John's (#) 2410 West Jefferson St., Suite B, Joliet, IL 60435 Food Services and Drinking Places Term Loan 6.25% 12/19/2024 43.4 43.4 42.6 0.01 %
The Jewelers Inc. dba The Jewelers of Las Vegas (#,^) 2400 Western Ave., Las Vegas, NV 89102 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 12/19/2024 501.6 501.6 516.1 0.14 %
B.S. Ventures LLC dba Dink's Market (#,^) 48649 Hwy. 58, Oakridge, OR 97463 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/19/2039 46.5 46.5 52.6 0.01 %
MM and M Management Inc dba Pizza Artista (#,^) 5409 Johnston St., Lafayette, LA 70503 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/19/2025 20.3 20.3 21.0 0.01 %
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette Music Ha (#,^) 550 South Rosemary Ave. Suite 236, West Palm Beach, FL 33401 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 12/22/2024 76.0 76.0 78.2 0.02 %
The Lodin Group LLC and Lodin Health Imaging Inc dba Highlands Breast (#,^) 114-115 Medical Center Ave., Sebring, FL 33870 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/23/2039 473.3 473.3 534.4 0.15 %
Thermoplastic Services Inc and Paragon Plastic Sheet, Inc (#,^) 1700 W 4th St., Dequincy, LA 70633 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 12/23/2039 433.1 433.1 488.9 0.13 %
Bowlerama Inc (#,^) 3031 New Castle Ave, New Castle, DE 19720 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/24/2039 1,072.3 1,072.3 1,210.6 0.33 %
First Prevention and Dialysis Center, LLC (#) 17940 NW 27th Ave., Miami Gardens, FL 33056 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/30/2024 111.9 111.9 115.6 0.03 %
Grand Blanc Lanes, Inc. and H, H and H, LLC (#,^) 5301 S Saginaw Rd, Flint, MI 48507 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/31/2039 115.2 115.2 130.0 0.04 %
Palmabak Inc dba Mami Nora's (#,^) 4614 Capital Blvd, Raleigh, NC 27604 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/22/2025 0.4 0.4 0.4 — %
Dean 1021 LLC dba Pure Pita (#,^) 106 Central Ave., Westfield, NJ 07090 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/29/2025 37.1 37.1 38.4 0.01 %
Kiddie Steps 4 You Inc. (#,^) 1700 West 63rd St., Chicago, IL 60636 Social Assistance Term Loan Prime plus 2.75% 2/19/2040 54.1 54.1 61.1 0.02 %
Pace Motor Lines, Inc. (#,^) 1425 Honeyspot Rd. Extension, Stratford, CT 06615 Truck Transportation Term Loan Prime plus 2.75% 2/26/2025 27.7 27.7 28.6 0.01 %
Kingseal LLC dba Desoto Health and Rehab Center (#,^) 475 Nursing Home Dr., Arcadia, FL 34266 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 2/26/2040 1,112.5 1,112.5 1,256.1 0.34 %
Luigi's on Main LLC and Luigi's Main Street Pizza Inc (#,^) 491 Montauk Hwy., Eastport, NY 11941 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/4/2025 4.9 4.9 5.0 — %
22
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Royal Crest Motors LLC (#,^) 769 Amesbury Rd, Haverhill, MA 01830 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/16/2040 79.6 79.6 89.8 0.02 %
MMS Realty, LLC and Molecular MS Diagnostics LLC (#,^) 1224 Greenwich Ave., Warwick, RI 02886 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/18/2040 137.7 137.7 155.5 0.04 %
R & R Security and Investigations Inc dba Pardners Lake Buchanan (#,^) 15615 State Route 29, Buchanan Dam, TX 78609 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/19/2040 74.4 74.4 84.0 0.02 %
Shelton Incorporated dba Mrs. Winners (#,^) 4509 N. Henry Blvd., Stockbridge, GA 30281 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/20/2040 98.1 98.1 110.8 0.03 %
Jaymie Hazard dba Indigo Hair Studio and Day Spa (#,^) 2016 Warwick Ave., Warwick, RI 02889 Personal and Laundry Services Term Loan Prime plus 2.75% 3/20/2040 37.6 37.6 42.5 0.01 %
Loriet LLC (#,^) 5001 Vivienda Way, Sarasota, FL 34235 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 3/24/2025 5.2 5.2 5.3 — %
Zero-In Media Inc (#,^) 1123 BRd.way Suite 704, New York, NY 10010 Data Processing, Hosting, and Related Services Term Loan Prime plus 2.75% 3/25/2025 9.7 9.7 10.0 — %
Joyce Outdoor Advertising NJ LLC and Joyce Outdoor Advertising LLC (#,^) 800 James Ave., Scranton, PA 18510 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/26/2040 47.1 47.1 53.2 0.01 %
Sunset Marine Resort LLC and GoXpeditions LLC and Lavon Gomes and Trac (#,^) 40 Buzzard Ridge Rd., Sequim, WA 98382 Accommodation Term Loan Prime plus 2.75% 3/27/2040 263.3 263.3 297.2 0.08 %
Shorr Enterprises Inc dba New Design Furniture Manufacturers (#,^) 3033 NW 28 St., Lauderdale Lakes, FL 33311 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 3/27/2025 46.1 46.1 47.6 0.01 %
Foresite Realty Partners LLC and Foresite Real Estate Holdings LLC (#,^) 5600 N. River Rd. #925, Rosemont, IL 60018 Real Estate Term Loan Prime plus 2.75% 3/27/2025 535.2 535.2 552.0 0.15 %
Shellhorn and Hill Inc dba Total Fleet Service (#,^) 501 South Market St, Wilmington, DE 19801 Nonstore Retailers Term Loan Prime plus 2.75% 3/27/2040 678.4 678.4 765.9 0.21 %
Copper Beech Financial Group LLC (#,^) 1223 North Church St., Moorestown, NJ 08057 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 3/30/2025 54.0 54.0 55.8 0.02 %
Faramarz Nikourazm dba Car Clinic Center (#,^) 10707 Shady Trail, Dallas, TX 75220 Repair and Maintenance Term Loan Prime plus 2.75% 4/3/2040 64.3 64.3 72.6 0.02 %
Sound Coaching Inc (#,^) 4749 Main St. Suite 3, Bridgeport, CT 06606 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 4/14/2025 19.6 19.6 20.2 0.01 %
Diamond Solutions LLC (#,^) 7655 E Gelding Dr., Suite B2, Scottsdale, AZ 85260 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 4/21/2025 8.6 8.6 8.8 — %
Cares Inc dba Dumpling Grounds Day Care Center (#,^) 4508 Blakiston St., Philadelphia, PA 19136 Social Assistance Term Loan Prime plus 2.75% 5/1/2040 71.0 71.0 80.2 0.02 %
Matthew Taylor and Landon Farm LLC (#,^) 6103 N Church St, Greensboro, NC 27455 Personal and Laundry Services Term Loan Prime plus 2.75% 5/4/2040 88.1 88.1 99.5 0.03 %
South Park Properties LLC and Midlothian Hardware LLC (#,^) 4751 147th St., Midlothian, IL 60445 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/6/2040 41.9 41.9 47.3 0.01 %
15 McArdle LLC and No Other Impressions Inc (#,^) 15 McArdle St., Rochester, NY 14611 Printing and Related Support Activities Term Loan Prime plus 2.75% 5/15/2040 161.5 161.5 182.3 0.05 %
23
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Douglas Posey and Sally Watkinson dba Audrey's Farmhouse (#,^) 2188 Brunswyck Rd., Wallkill, NY 12589 Accommodation Term Loan Prime plus 2.75% 5/20/2040 152.7 152.7 172.4 0.05 %
Villela CPA PL (#,^) 777 Brickell Ave, Suite 500, Miami, FL 33131 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/27/2025 4.1 4.1 4.2 — %
XCESSIVE THROTTLE, INC dba Jake's Roadhouse (#,^) 5980 Lamar St., Arvada, CO 80003 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/29/2025 3.7 3.7 3.8 — %
DTM Parts Supply Inc. (#) 31 Sageman St, Mount Vernon, NY 10550 Merchant Wholesalers, Durable Goods Term Loan 7% 6/2/2025 36.1 36.1 35.3 0.01 %
Medworxs LLC (#,^) 10901 W. Toller Dr., Littleton, CO 80127 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/3/2025 57.4 57.4 59.1 0.02 %
Video Vault & Tanning LLC and Mosaic Salon LLC (#) W7003 Parkview Dr, Suite A & B, Greenville, WI 54942 Rental and Leasing Services Term Loan Prime plus 2.75% 6/4/2040 59.9 59.9 67.6 0.02 %
ViAr Visual Communications, Inc. dba Fastsigns 281701 (#,^) 4721 University Way NE, Seattle, WA 98105 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 6/5/2025 28.5 28.5 29.3 0.01 %
Eldredge Tavern LLC dba Gonyea's Tavern (#,^) 150 Main St., Pascoag, RI 02859 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/8/2040 49.4 49.4 55.8 0.02 %
Mirage Plastering Inc and Mpire LLC and Mpire II LLC (#,^) 1802 W Grant Rd. Suite 114, Tucson, AZ 85745 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/12/2040 121.9 121.9 137.7 0.04 %
AM PM Properties, LLC and AM PM Willington, LLC (#,^) 1308 Stafford Rd., Storrs Mansfield, CT 06268 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/17/2040 76.3 76.3 86.1 0.02 %
Inverted Healthcare Staffing of Florida LLC dba Interim Healthcare Tra (#,^) 111 N Pompano Beach Blvd., Pompano Beach, FL 33062 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/18/2025 21.4 21.4 22.0 0.01 %
KRN Logistics, LLC and Newsome Trucking, Inc (#) 2262 Hwy 53 W, Jasper, GA 30143 Truck Transportation Term Loan Prime plus 2.75% 6/19/2025 186.0 186.0 192.2 0.05 %
Real Help LLC dba Real Help Decorative Concrete (#,^) 2221 BRd.way St., Buffalo, NY 14212 Administrative and Support Services Term Loan Prime plus 2.75% 6/22/2025 24.4 24.4 25.2 0.01 %
RJI Services, Inc. (#,^) 353 E Angeleno Suite G, Burbank, CA 91502 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/23/2025 10.3 10.3 10.6 — %
Evinger PA One, Inc. dba Postal Annex, Falcon (#,^) 7661 McLaughlin Rd., Falcon, CO 80831 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 6/24/2025 10.3 10.3 10.7 — %
Ohs Auto Body, Inc. dba Ohs Body Shop (#,^) 3560 Hwy. 93 South, Kalispell, MT 59901 Repair and Maintenance Term Loan 7.22% 6/25/2040 1,077.1 1,077.1 1,012.3 0.28 %
Wolf Enviro Interests, LLC and Enviromax Services Inc (#,^) 18002 Mueschke Rd., Cypress, TX 77433 Administrative and Support Services Term Loan Prime plus 2.75% 6/25/2040 216.6 216.6 244.5 0.07 %
SofRep, Inc dba Force 12 Media (#,^) 930 Tahoe Blvd Suite 802-543, Incline Village, NV 89451 Other Information Services Term Loan Prime plus 2.75% 6/26/2025 35.7 35.7 36.7 0.01 %
TJU-DGT Inc dba The Lorenz Cafe (#,^) 714-718 Lorenz Ave, Pittsburgh, PA 15220 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/26/2029 13.8 13.8 14.8 — %
Jihan Inc dba ARCO AM/PM and Diana Inc dba Diana's Recycling (#,^) 13886 Campo Rd., Jamul, CA 91935 Gasoline Stations Term Loan Prime plus 2.75% 6/26/2040 333.9 333.9 377.0 0.10 %
E & G Enterprises LLC dba Comfort Keepers (#,^) 220 Middle St., Franklin, VA 23851 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/26/2025 10.3 10.3 10.6 — %
24
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

CEM Autobody LLC dba Dawn's Autobody (#,^) 7 Division St, Keyport, NJ 07735 Repair and Maintenance Term Loan Prime plus 2.75% 6/26/2040 119.1 119.1 134.5 0.04 %
Summit Beverage Group LLC (#,^) 211 Washington Ave., Marion, VA 24354 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 8/29/2030 206.3 206.3 223.0 0.06 %
Thrifty Market, Inc. dba Thrifty Foods (#,^) 702 10th St, Wheatland, WY 82201 Food and Beverage Stores Term Loan Prime plus 2.75% 6/30/2030 197.3 197.3 213.1 0.06 %
Jonathan E Nichols and Nichols Fire and Security LLC (#,^) 1906 Vanderhorn Dr., Memphis, TN 38134 Administrative and Support Services Term Loan Prime plus 2.75% 6/30/2025 34.5 34.5 35.7 0.01 %
Union 2 LLC dba The Standard (#,^) 1520 BRd.way, Fort Myers, FL 33901 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/10/2025 53.2 53.2 55.0 0.02 %
Murrayville Donuts, Inc dba Dunkin' Donuts (#,^) 2304 N College Rd, Wilmington, NC 28405 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2040 322.5 322.5 364.1 0.10 %
Free Ion Advisors LLC (#,^) 322 Evandale Rd., Scarsdale, NY 10583 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/21/2025 30.1 30.1 31.0 0.01 %
Beale Street Blues Company-West Palm Beach LLC dba Lafayette's-West Pa (#,^) 550 Rosemary Ave., Suite 236, West Palm Beach, FL 33401 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 7/24/2025 31.1 31.1 32.1 0.01 %
LP Industries Inc dba Childforms (#,^) 110 Charleston Dr., Mooresville, NC 28117 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 7/29/2025 68.3 68.3 70.8 0.02 %
SKJ Inc dba Subway (#,^) 401 S Woodlawn Ave, Bloomington, IN 47401 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/13/2025 44.1 44.1 45.5 0.01 %
Gold Jet Corp. (#,^) 2472 BRd.way, New York, NY 10025 Couriers and Messengers Term Loan Prime plus 2.75% 8/14/2025 36.6 36.6 37.9 0.01 %
GDP Gourmet LLC dba Joe and John's Pizza Restaurant (#,^) 136 New Jersey Ave, Absecon, NJ 08201 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/19/2040 128.0 128.0 144.5 0.04 %
God Be Glorified Inc dba GBG Inc (#,^) 40 West. 162nd St, South Holland, IL 60473 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 8/20/2025 25.3 25.3 26.1 0.01 %
Elite Institute LLC dba Huntington Learning Center (#,^) 13526 Village Park Dr. Suite 214, Orlando, FL 32837 Educational Services Term Loan Prime plus 2.75% 8/28/2025 7.2 7.2 7.5 — %
Empower Autism Academy (#,^) 1250 South A. W. Grimes Rd., Round Rock, TX 78665 Social Assistance Term Loan Prime plus 2.75% 9/4/2040 606.2 606.2 684.4 0.19 %
Gardner's Wharf Holdings LLC and Gardner's Wharf Seafood Inc (#,^) 170 Main St., North Kingstown, RI 02852 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 9/8/2040 124.1 124.1 140.1 0.04 %
FirstVitals Health and Wellness Inc (#,^) 521 Ala Moana Blvd. Suite 261, Honolulu, HI 96813 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/15/2025 85.7 85.7 88.3 0.02 %
Naeem Khan LTD (#,^) 260 West 36h St., New York, NY 10018 Apparel Manufacturing Term Loan Prime plus 2.75% 9/17/2025 61.1 61.1 63.0 0.02 %
Vanderhoof LLC dba Soxfords (#,^) 11 Sellecks Walk, Pound Ridge, NY 10576 Apparel Manufacturing Term Loan Prime plus 2.75% 9/18/2025 5.9 5.9 6.0 — %
MiJoy Inc dba Imo's Pizza (#,^) 215 South Kirkwood Rd., Kirkwood, MO 63122 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/18/2025 4.0 4.0 4.1 — %
Sound Manufacturing Inc (#,^) 51 Donnelley Rd., Old Saybrook, CT 06475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/21/2025 24.1 24.1 24.9 0.01 %
Finish Strong Inc dba FASTSIGNS St Peters (#,^) 98 North Hillview Dr., St Peters, MO 63376 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 9/23/2025 24.3 24.3 25.0 0.01 %
25
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

St Lawrence Hotel Corp and Oheka Catering Inc dba Quality Inn (#,^) 10 West Orvis St., Massena, NY 13662 Accommodation Term Loan Prime plus 2.75% 9/24/2040 553.1 553.1 624.5 0.17 %
Prestigious LifeCare for Seniors LLC (#,^) 5701 North Pine Island Rd., Tamarac, FL 33321 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/25/2025 4.8 4.8 4.9 — %
Daniel W. Stark dba Mountain Valley Lodge and RV Park (#,^) 223 Hwy 80, Rodeo, NM 88056 Accommodation Term Loan Prime plus 2.75% 9/25/2040 11.9 11.9 13.5 — %
Greensward of Marco Inc. (#,^) 54 Marco Lake Dr., Marco Island, FL 34146 Administrative and Support Services Term Loan Prime plus 2.75% 9/28/2040 78.3 78.3 88.4 0.02 %
RIM Investments LLC and RIM Architects LLC (#,^) 645 G St. Suite 400, Anchorage, AK 99501 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/28/2040 353.1 353.1 398.6 0.11 %
Binky's Vapes LLC (#,^) 10539 Greenbelt Rd. Suite 102, Lanham, MD 20706 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/30/2025 10.9 10.9 11.3 — %
Barub Realty LLC and Barub LLC dba Woodlawn Cabinets (#,^) 1838 Adee Ave., Baychester, NY 10469 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 9/30/2040 126.4 126.4 142.7 0.04 %
R.H. Hummer Jr., Inc. (#,^) 2141 P Ave., Williamsburg, IA 52361 Truck Transportation Term Loan Prime plus 2.75% 9/30/2025 198.3 198.3 205.9 0.06 %
Accent Homes Services LLC dba Benjamin Franklin Plumbing of Kansas Cit (#,^) 7748 Troost Ave., Kansas City, MO 64131 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/30/2028 43.0 43.0 46.0 0.01 %
ADMO Inc dba Mid States Equipment (#,^) 16180 Westwoods Business Park, Ellisville, MO 63021 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 10/8/2025 11.1 11.1 11.5 — %
Financial Network Recovery Inc (#,^) 250 E Easy St. Suite 1, Simi Valley, CA 93065 Administrative and Support Services Term Loan Prime plus 2.75% 10/26/2025 19.8 19.8 20.5 0.01 %
Green Life Lawnscapes LLC dba Green Life Lawn Care (#,^) 1820 NE Jensen Beach Blvd, Jensen Beach, FL 34957 Administrative and Support Services Term Loan Prime plus 2.75% 11/6/2025 77.8 77.8 80.8 0.02 %
S.B.B. Enterprises Inc dba Williamston Hardware (#,^) 139 S Putnam St., Williamston, MI 48895 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 11/19/2040 96.5 96.5 108.9 0.03 %
Ronny Ramirez RX Corp dba Naturxheal Family Pharmacy (#,^) 3105 107th Ave., Doral, FL 33178 Health and Personal Care Stores Term Loan Prime plus 2.75% 11/20/2025 45.1 45.1 46.6 0.01 %
DWeb Studio, Inc. (#,^) 10800 E. Bethany Dr., Suite 275, Aurora, CO 80014 Educational Services Term Loan Prime plus 2.75% 11/25/2025 5.7 5.7 5.9 — %
Japp Business Inc dba Pick and Eat and Japp Drink Corp. (#,^) 4179 BRd.way, New York, NY 10033 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/30/2025 72.9 72.9 75.4 0.02 %
LC Blvd Holdings LLC and Mt Pleasant Wash & Wax LLC (#,^) 880 Lowcountry Blvd, Mount Pleasant, SC 29464 Repair and Maintenance Term Loan Prime plus 2.75% 12/4/2040 447.9 447.9 505.7 0.14 %
Sushiya, Inc. (#,^) 72-74 South Main St., Hanover, NH 03755 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/8/2025 55.8 55.8 57.7 0.02 %
Basista Family Limited Partnership and UPE, Inc. (#,^) 3401 Brecksville Rd, Richfield, OH 44286 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/14/2040 305.2 305.2 344.5 0.09 %
DC Enterprises Ltd. dba Lakeview True Value (#,^) 318 North F St., Lakeview, OR 97630 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/14/2025 11.5 11.5 12.0 — %
26
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Moments to Remember USA LLC dba Retain Loyalty (#,^) 1250 Sanders Ave. SW, Massillon, OH 44646 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/16/2025 45.3 45.3 47.0 0.01 %
New York Home Health Care Equipment, LLC (#,^) 30 Hopper St., Westbury, NY 11590 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/16/2025 524.5 524.5 544.8 0.15 %
Abitino's JFK LLC dba Abitino's (#,^) Terminal 8 JFK ExpressWay Airport, Jamaica, NY 11430 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/16/2022 32.3 32.3 32.5 0.01 %
JAG Unit 1, LLC (#,^) 1 West Main St., Patchogue, NY 11772 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/16/2025 137.2 137.2 141.7 0.04 %
Swalm Street LLC and New York Home Health Care Equipment LLC (#,^) 30 Hopper St., Westbury, NY 11590 Ambulatory Health Care Services Term Loan 7.5% 12/16/2040 362.4 362.4 340.7 0.09 %
Sourceco Limited Liability Company (#,^) 17 Palmer Ave., West Long Branch, NJ 07764 Merchant Wholesalers, Nondurable Goods Term Loan 6.5% 12/17/2025 24.5 24.5 23.9 0.01 %
Trip Consultants U.S.A. Inc. (#,^) 311 85th St., Brooklyn, NY 11209 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2025 85.2 85.2 88.0 0.02 %
Accent Tag and Label Inc (#,^) 2201 Rittenhouse St, Des Moines, IA 50321 Printing and Related Support Activities Term Loan Prime plus 2.75% 12/18/2040 590.8 590.8 667.0 0.18 %
Hattingh Incorporated dba Prosthetic Care Facility (#,^) 4415 Woodridge Pkwy, Ste 180, Leesburg, VA 20176 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/21/2025 9.2 9.2 9.6 — %
Joyce Outdoor Advertising Chicago LLC (#,^) 2443 West 16th St., Chicago, IL 60608 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/22/2040 268.7 268.7 303.3 0.08 %
Premier Athletic Center of Ohio Inc. and Gates Investments and Wade Ga (#,^) 8957 Kingsridge Dr., Centerville, OH 45459 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/22/2028 587.1 587.1 626.9 0.17 %
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch Inc (#,^) 24201 North Hwy 1, Fort Bragg, CA 95437 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/23/2040 91.3 91.3 103.1 0.03 %
800 on the Trax LLC and Matrix Z LLC (#,^) 800 SW 21st Terrace, Fort Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 12/23/2040 228.7 228.7 258.2 0.07 %
Panditos LLC dba White Lotus Home (#,^) 431 Raritan Ave., Highland Park, NJ 08904 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/28/2025 8.2 8.2 8.4 — %
Lemonberry Food Stores Inc dba Lemonberry Frozen Yogurt (#,^) 1196 Inverness Lane, Stow, OH 44224 Food and Beverage Stores Term Loan Prime plus 2.75% 12/29/2025 57.7 57.7 59.7 0.02 %
MCF Forte LLC (#,^) 1245 W Baseline Rd Unit 105, Mesa, AZ 85202 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/29/2025 9.6 9.6 9.9 — %
Dolarian Realty LLC and OV's Restaurant Inc (#,^) 34 Old Colony Ave., East Taunton, MA 02718 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/5/2041 60.6 60.6 68.4 0.02 %
Wildflour Bakery & Cafe LLC (#,^) 5137 Clareton Dr., Ste 100, Agoura Hills, CA 91301 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/28/2026 32.6 32.6 34.0 0.01 %
Jersey Shore Marina & Boat Sales, Inc. (#,^) 841 Route 70 East, Brick, NJ 08724 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/12/2041 386.4 386.4 436.3 0.12 %
Gilmore Heights Dental Holdings, LTD and Chas Rob LLC (#,^) 2250 Warrensville Center Rd., University Heights, OH 44118 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/12/2029 210.5 210.5 224.7 0.06 %
Ei3 Corporation (#,^) 136 Summit Ave., Montvale, NJ 07645 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/12/2026 173.3 173.3 180.4 0.05 %
R & K Contracting Inc (#,^) 3605 NW 31st Ave, Fort Lauderdale, FL 33309 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/18/2026 8.9 8.9 9.3 — %
27
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Aaradhya LLC dba Market Square Laundry (#,^) 7727 Crittenden St., Philadelphia, PA 19118 Personal and Laundry Services Term Loan Prime plus 2.75% 2/23/2026 41.1 41.1 42.5 0.01 %
Blackstones Hairdressing LLC (#,^) 2 Ave. of the Americas, New York, NY 10013 Personal and Laundry Services Term Loan Prime plus 2.75% 2/23/2026 27.8 27.8 28.8 0.01 %
The River Beas, LLC dba Subway and Punam Singh (#,^) 5516 Baltimore Ave, Hyattsville, MD 20781 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2041 121.1 121.1 136.8 0.04 %
Drug Detection Laboratories, Inc. and Minh Tran (#,^) 9700 Business Park Dr., Sacramento, CA 95827 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/28/2026 10.5 10.5 10.9 — %
Living Essentials HVAC Corp (#,^) 42 West St., Apt 24, Randolph, MA 02368 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/28/2026 7.9 7.9 8.2 — %
Consulting Solutions, Inc. and Mark Luciani (#,^) 3000 N Federal Hwy., STE 1, Fort Lauderdale, FL 33306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/28/2026 5.1 5.1 5.3 — %
J & W Hardwood Flooring Inc (#,^) 14967 Madison St, Brighton, CO 80602 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/7/2026 4.0 4.0 4.2 — %
Swerve Salon LLC (#,^) 1419 N Wells St., Chicago, IL 60610 Personal and Laundry Services Term Loan Prime plus 2.75% 3/8/2026 42.6 42.6 44.0 0.01 %
Step Up Academy of the Arts LLC (#,^) 2558 Wigwam Pkwy Ste A, Henderson, NV 89074 Educational Services Term Loan Prime plus 2.75% 3/9/2026 4.3 4.3 4.5 — %
Faith Summit Supply Inc dba Summit Supply and Summit True Value (#,^) 8584 US Business Hwy. 277, Haskell, TX 79521 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/9/2026 12.1 12.1 12.6 — %
Dupre Capital LLC dba Fastsigns (#,^) 215 Quartermaster Court, Jeffersonville, IN 47130 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 3/11/2026 31.5 31.5 32.6 0.01 %
Mustafa Inc and Raouf Properties LLC (#,^) 3538 Pin Oak Dr, San Antonio, TX 78229 Food and Beverage Stores Term Loan Prime plus 2.75% 3/14/2041 67.2 67.2 75.9 0.02 %
R & D Enterprises Inc dba My Pool Man (#,^) 291 North Texas Ave., Orlando, FL 32805 Administrative and Support Services Term Loan Prime plus 2.75% 3/15/2026 26.9 26.9 27.9 0.01 %
Brian T Rice dba BD Logging (#,^) 800 3rd St Apt B, St Marys, WV 26170 Forestry and Logging Term Loan Prime plus 2.75% 3/17/2026 1.0 1.0 1.0 — %
Kekoa Enterprises Inc dba Signarama Sandy (#,^) 8942 South 700 East, Sandy, UT 84070 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/18/2026 26.7 26.7 27.6 0.01 %
Taylors Zinn Enterprises Inc dba Eons Auto Care Inc (#,^) 330 West Harden St., Graham, NC 27253 Repair and Maintenance Term Loan Prime plus 2.75% 3/18/2041 72.7 72.7 82.0 0.02 %
Precious Care LLC and Precious Care Management LLC (#,^) 186-06 Union Turnpike, Fresh Meadows, NY 11364 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/21/2026 287.4 287.4 297.6 0.08 %
ActKnowledge, Inc (#,^) 365 5th Ave., New York, NY 10016 Personal and Laundry Services Term Loan Prime plus 2.75% 3/24/2026 67.3 67.3 70.1 0.02 %
International Construction Inc (#,^) 53955 Gratiot Ave, Chesterfield, MI 48051 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 3/24/2041 42.6 42.6 48.1 0.01 %
Revolution Physical Therapy LLC dba Apex Network Physical Therapy (#,^) 2705 Dougherty Ferry Rd. Suite 104, St. Louis, MO 63122 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/25/2026 12.3 12.3 12.7 — %
Marathon Engineering Corporation (#,^) 5615 2nd St. W, Lehigh Acres, FL 33971 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 3/28/2041 40.4 40.4 45.6 0.01 %
Barrocas Gym LLC dba Snap Fitness (#,^) 260 West Main St., Avon, CT 06001 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/29/2026 10.1 10.1 10.5 — %
28
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

MTS Car Service LLC (#,^) 9 Gibson Court Apt# 1, Norwalk, CT 06854 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 3/30/2026 5.7 5.7 5.9 — %
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette’s-West P (#,^) 550 Rosemary Ave., Suite 236, West Palm Beach, FL 33410 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 3/30/2026 50.6 50.6 52.4 0.01 %
Gordon Rogers and Heidi Rogers dba Stone House Motor Inn (#,^) 162 Danielson Pike, Foster, RI 02825 Accommodation Term Loan Prime plus 2.75% 3/30/2026 12.3 12.3 12.8 — %
Wyldewood Cellars, Inc. (#,^) 951 East 119th St, Mulvane, KS 67120 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 3/30/2041 941.9 941.9 1,063.4 0.29 %
Cameo Carter, MD A Professional Corporation dba The Garden Pediatric G (#,^) 101 East Redlands Blvd., Suite 106, Redlands, CA 92373 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/31/2026 40.4 40.4 41.9 0.01 %
Christian Soderquist dba Soderquist Plumbing and Heating LLC (#,^) 7 Oak Dr., Sandy Hook, CT 06482 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/31/2041 50.9 50.9 57.5 0.02 %
Dana A. Farley dba Independent Cabinets (#,^) 5805 NE Minder Rd, Poulsbo, WA 98370 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 3/31/2041 57.9 57.9 65.3 0.02 %
Vehicle Safety Supply LLC (#,^) 15 East 72nd St., Suite 14-H, New York, NY 10021 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/31/2026 12.1 12.1 12.6 — %
Waterfalls Quick Lube LLC and Veracruz Shabo LLC (#,^) 1325 BRd. St., Central Falls, RI 02863 Repair and Maintenance Term Loan Prime plus 2.75% 4/6/2041 247.3 247.3 279.2 0.08 %
KNS Early Learning Academy LLC (#,^) 57 Merritt St. SE, Marietta, GA 30060 Social Assistance Term Loan Prime plus 2.75% 4/6/2041 45.9 45.9 51.8 0.01 %
Sushiya Inc (#,^) 72 South Main St., Hanover, NH 03755 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/12/2026 47.9 47.9 49.4 0.01 %
AAA Mill Direct, Inc. dba Carpet Mill Outlets (#,^) 1 North Armistead Ave., Hampton, VA 23669 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 4/21/2026 4.3 4.3 4.5 — %
Automotive Core Recycling, LLC and 828 Old Colony Road, LLC (#,^) 27-29 Cooper St., Meriden, CT 06053 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 4/22/2041 224.8 224.8 253.8 0.07 %
Accent Comfort Services, LLC (#,^) 5035-C West W. T. Harris Blvd, Charlotte, NC 28269 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/26/2026 49.2 49.2 50.5 0.01 %
Costume World Inc (#,^) 950 South Federal Hwy., Deerfield Beach, FL 33441 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 4/28/2041 1,153.3 1,153.3 1,302.1 0.36 %
Pecos Inn LLC dba Econo Lodge (#,^) 2207 W Third St., Pecos, TX 79772 Accommodation Term Loan Prime plus 2.75% 4/28/2041 621.9 621.9 702.2 0.19 %
Marc S. Rosenberg P.C. dba Mammuth and Rosenberg (#,^) 401 East City Ave. Ste 122, Bala Cynwyd, PA 19004 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/29/2026 12.3 12.3 12.6 — %
Loriet LLC (#,^) 5001 Vivienda Way, Sarasota, FL 34235 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 4/29/2026 4.1 4.1 4.2 — %
Hard Exercise Works Winter Park LLC (#,^) 11551 University Blvd., Ste. 4C Building 1, Orlando, FL 32817 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/29/2026 22.3 22.3 22.9 0.01 %
Empowerschool LLC and Empower Autism Academy, LLC (#,^) 1250 South A. W. Grimes Rd., Round Rock, TX 78665 Social Assistance Term Loan Prime plus 2.75% 4/29/2041 136.6 136.6 154.2 0.04 %
Alpha Omega Trucking LLC (#,^) 14432-52 State Line Rd., Brookings, OR 97415 Truck Transportation Term Loan Prime plus 2.75% 4/29/2041 158.2 158.2 178.6 0.05 %
29
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Warner Home Comfort, LLC dba Smith Piping (#,^) 1571 Canton Rd., NW, Carrollton, OH 44615 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/29/2041 74.2 74.2 83.8 0.02 %
Sabir Inc. dba Bear Diner (#,^) 603 Pulaski Hwy, Bear, DE 19701 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/11/2041 111.5 111.5 125.9 0.03 %
Pumpkin Patch Inc and Christine Feliciano and Antonio Feliciano (#,^) 11 Kirby Rd., Cromwell, CT 06419 Social Assistance Term Loan Prime plus 2.75% 5/12/2041 119.4 119.4 134.8 0.04 %
FJN Catering Inc (#,^) 106 Main St., Mineola, NY 11951 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/13/2041 240.8 240.8 271.9 0.07 %
HBA LLC dba Palmetto Twist-Vista (#,^) 1225-1229 Lincoln St., Columbia, SC 29201 Repair and Maintenance Term Loan Prime plus 2.75% 5/18/2026 10.8 10.8 11.1 — %
Dedicated Incorporated (#,^) 2916 North 39th St., Phoenix, AZ 85019 Administrative and Support Services Term Loan Prime plus 2.75% 5/18/2041 41.9 41.9 47.3 0.01 %
Elderfriend Inc dba Granny Nannies dba GN Live Scan (#,^) 1499 W. Palmetto Park Rd., Suite #115, Boca Raton, FL 33486 Social Assistance Term Loan Prime plus 2.75% 5/20/2026 7.1 7.1 7.3 — %
Horseshoe Barbecue, LLC (#,^) 6555, 6565, 6575 N. Sandario Rd., Tucson, AZ 85743 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/23/2029 5.6 5.6 6.0 — %
Island Life Graphics Inc dba FASTSIGNS #576 (#,^) 1410 E. Oak St., Fernandina Beach, FL 32034 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 5/24/2026 12.5 12.5 12.9 — %
Powerspec Inc (#,^) 1 Linsley Place, Metuchen, NJ 08840 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/24/2026 48.3 48.3 49.6 0.01 %
International Kitchen Supply LLC (#,^) 3466 North Hwy 11, West Union, SC 29696 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/25/2026 119.9 119.9 123.8 0.03 %
Southwest Division Inc (#,^) 2103 NE 3rd Terrace, Cape Coral, FL 33909 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 5/26/2026 4.6 4.6 4.7 — %
Jack Frost Firewood Inc. and David Dubinsky (#,^) 3168 Holland Rd., Virginia Beach, VA 23453 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/26/2041 185.9 185.9 209.8 0.06 %
Premier Athletic Center of Ohio, Inc (#,^) 8957 Kingsridge Dr., Centerville, OH 45459 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/27/2026 48.6 48.6 50.6 0.01 %
Angelo Faia dba AVF Construction (#,^) 55 Arbour Lane, Sewell, NJ 08080 Construction of Buildings Term Loan Prime plus 2.75% 5/27/2041 90.0 90.0 101.6 0.03 %
ATI Jet Inc (#,^) 7007 Boeing Dr., El Paso, TX 79925 Air Transportation Term Loan Prime plus 2.75% 5/31/2026 322.7 322.7 332.9 0.09 %
AP5 LLC dba Krauser's Food Store (#,^) 5 Pond Point Rd., Milford, CT 06460 Food and Beverage Stores Term Loan Prime plus 2.75% 6/2/2041 175.0 175.0 197.6 0.05 %
Larry H. Patterson and Rainbow Movers, Inc (#,^) 2325 Hollers Ave, Bronx, NY 10475 Truck Transportation Term Loan Prime plus 2.75% 6/6/2026 12.7 12.7 13.0 — %
Luv 2 Play AZ LLC (#,^) 15495 Bell Rd., Surprise, AZ 85374 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/10/2026 40.0 40.0 41.7 0.01 %
Refoleen Inc dba Spice and Tea Exchange (#,^) 849 East Commerce St., Suite 121, San Antonio, TX 78205 Food and Beverage Stores Term Loan Prime plus 2.75% 6/10/2026 48.8 48.8 50.0 0.01 %
Jai-Alexia Consulting, Inc. (#,^) 14660 Paddock Dr., Wellington, FL 33414 Couriers and Messengers Term Loan Prime plus 2.75% 6/15/2026 6.7 6.7 6.8 — %
30
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Pumpkin Patch Child Care of Southington, LLC and Giuseppe Pugliares (#,^) 1137 West St., Southington, CT 06489 Social Assistance Term Loan Prime plus 2% 6/15/2041 460.8 460.8 508.8 0.14 %
Blue Eagle Transport Inc, Greeneagle Transport Inc and Golden Eagle Tr (#,^) 377 Boston Post Rd., Milford, CT 06460 Couriers and Messengers Term Loan Prime plus 2.75% 6/16/2026 284.2 284.2 291.5 0.08 %
Bagelicious, LLC (#,^) 945 S Main St, Cheshire, CT 06410 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/17/2026 30.8 30.8 31.6 0.01 %
Shooting Sports Academy LLC and Jetaa LLC dba Shooting Sports Academy (#,^) 27 Main St., Monroe, CT 06468 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/23/2041 450.0 450.0 508.1 0.14 %
Visual Advantage LLC dba Signs Now Perryberg (#,^) 23248 Dunbridge Rd., Perrysburg, OH 43443 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/23/2041 82.4 82.4 93.0 0.03 %
Long Island Comedy LLC dba Governors and New York Comedy, LLC (#,^) 90 A Division Ave., Levittown, NY 11756 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/23/2041 173.5 173.5 195.9 0.05 %
Island Time Investments, LLC dba Swantown Inn Bed & Breakfast (#,^) 1431 11th Ave SE, Olympia, WA 98501 Accommodation Term Loan Prime plus 2.75% 6/24/2041 91.4 91.4 103.2 0.03 %
WGI, LLC dba Williams Grant Inn (#,^) 154 High St., Bristol, RI 02809 Accommodation Term Loan Prime plus 2.75% 6/29/2041 113.3 113.3 128.0 0.03 %
O.D.S. Inc dba Four Seasons Health & Racquet and Step 'N' Motion, Inc (#,^) 626 Delsea Dr. N, Glassboro, NJ 08028 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/29/2026 79.1 79.1 81.5 0.02 %
Nevey's LLC dba Stark Food III (#,^) 6315 W. Fond Du Lac Ave., Milwaukee, WI 53218 Food and Beverage Stores Term Loan Prime plus 2.75% 6/30/2041 266.4 266.4 300.7 0.08 %
Desert Tacos LLC (#,^) 245 East Bell Rd. Suite A-2, Phoenix, AZ 85022 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/30/2026 57.2 57.2 59.6 0.02 %
VMA Technologies LLC (#,^) 120 South Serenata Dr. Unit 332, Ponte Vedra Beach, FL 32082 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/30/2026 12.6 12.6 13.0 — %
Corning Lumber Company Inc and Frank R Close and Son Inc dba Close Pai (#,^) 1314 Sixth St., Orland, CA 95963 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/30/2029 137.1 137.1 146.9 0.04 %
P L H Pharmaco Inc dba Farmacia San Jose (#,^) 149 48th St., Union City, NJ 07087 Health and Personal Care Stores Term Loan Prime plus 2.75% 6/30/2026 91.5 91.5 95.5 0.03 %
Martin Inventory Management LLC (#,^) 304 1/2 Main St., Edgefield, SC 29824 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/30/2026 13.9 13.9 14.5 — %
Franklin Firm LLC dba Luv 2 Play (#,^) 1310 East Stan Schleuter Loop, Killeen, TX 76542 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/15/2041 133.8 133.8 151.1 0.04 %
Robert P Daniels dba Ginger and Friend's Peppermint Village Gift Sho (#,^) 1502 Hwy. 157, Mansfield, TX 76063 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 7/18/2026 9.0 9.0 9.3 — %
My Sainath Inc dba Motel 6 (#,^) 1008 E Crest Dr., Waco, TX 76705 Accommodation Term Loan Prime plus 2.75% 7/22/2041 282.9 282.9 319.4 0.09 %
Robert G Larson State Farm Insurance (#,^) 7922 Jamaica Ave., Woodhaven, NY 11421 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 7/22/2026 12.9 12.9 13.2 — %
EPEC Juice LLC dba Jamba Juice (#,^) 810 Ninth St., Suite 128, Durham, NC 27705 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/27/2026 47.8 47.8 49.2 0.01 %
31
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

JAG Unit 1, LLC dba Arooga's Grille House and Sports Bar (#,^) 1 West Main St., Patchogue, NY 11772 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/27/2026 76.1 76.1 78.2 0.02 %
Pinco Pizza LLC dba Jet's Pizza (#,^) 10845 N. Tatum Blvd Ste A 100, Phoenix, AZ 85028 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/27/2026 42.1 42.1 44.0 0.01 %
Intrepid Trinity LLC (#,^) 680 Douglas Ave, Providence, RI 02908 Nonstore Retailers Term Loan Prime plus 2.75% 7/28/2041 56.6 56.6 63.9 0.02 %
676 Club LP dba The Green Door Tavern/The Drifter (#,^) 676 and 678 North Orleans ST, Chicago, IL 60654 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/28/2041 622.6 622.6 702.9 0.19 %
Apple Tree NC Inc dba Williams Farm & Garden Center (#,^) 1309 Old Cherry Point Rd., New Bern, NC 28560 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 7/28/2041 318.4 318.4 359.5 0.10 %
The Hungry Rhino LLC (#,^) 47 South Main St., Windsor Locks, CT 06096 Real Estate Term Loan Prime plus 2.75% 7/29/2041 69.0 69.0 77.9 0.02 %
Little Tree Huggers Child Care LLC (#,^) 38620 9 Mile Rd., Farmington Hills, MI 48335 Social Assistance Term Loan Prime plus 2.75% 7/29/2041 126.7 126.7 143.0 0.04 %
303 Tower Drive LLC (#,^) 303 Tower Dr., Suite A, Middletown, NY 10941 Repair and Maintenance Term Loan Prime plus 2.75% 7/29/2041 362.2 362.2 409.0 0.11 %
USA General Investment LLC dba Braniff Paint and Body Shop (#,^) 2290 NW 21st Terrace, Miami, FL 33142 Repair and Maintenance Term Loan Prime plus 2.75% 7/29/2026 12.9 12.9 13.3 — %
Paul Belanger dba Paul Belanger Landscaping (#,^) 2595 Military Ave, Los Angeles, CA 90064 Administrative and Support Services Term Loan Prime plus 2.75% 8/9/2026 8.7 8.7 9.0 — %
Grayson O Company (#,^) 6509 Newell Ave., Kannapolis, NC 28082 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 8/10/2041 566.8 566.8 639.9 0.17 %
2 Cool Beans LLC dba Menchies's Frozen Yogurt (#,^) 11331 Thienes Ave., South El Monte, CA 91733 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/11/2026 42.0 42.0 43.2 0.01 %
Avery Management Inc. dba Whetstone Upholstery (#,^) 1122 N Bloulevard, Richmond, VA 23230 Repair and Maintenance Term Loan Prime plus 2.75% 8/25/2026 5.9 5.9 6.1 — %
Rosmel Pools Inc (#,^) 9300 NW 25th St. Suite 103, Miami, FL 33172 Repair and Maintenance Term Loan Prime plus 2.75% 8/25/2026 12.6 12.6 13.0 — %
TR Companies LLC dba Liberty Rental 4 U (#,^) 410 N Church Rd., Liberty, MO 64068 Rental and Leasing Services Term Loan Prime plus 2.75% 8/25/2026 28.7 28.7 29.5 0.01 %
Warren Dale Warrington dba Custom Paint and Body (#,^) 705 S Market Ave., Fort Pierce, FL 34982 Repair and Maintenance Term Loan Prime plus 2.75% 8/26/2041 91.8 91.8 103.7 0.03 %
Raem Corporation dba Dryclean Express (#,^) 557 West Whitney Rd., Fairport, NY 14450 Personal and Laundry Services Term Loan Prime plus 2.75% 8/29/2041 65.7 65.7 74.2 0.02 %
Animal Intrusion Prevention Systems Holding Company, LLC dba Critter C (#,^) 1362-1366 W. Carrier Pkwy., Grand Prairie, TX 75050 Administrative and Support Services Term Loan Prime plus 2.75% 8/30/2026 79.5 79.5 82.0 0.02 %
Metropet Dog Center, Inc (#,^) 2057 West Shore Rd., Warwick, RI 02889 Personal and Laundry Services Term Loan Prime plus 2.75% 9/13/2041 99.3 99.3 112.1 0.03 %
Cuppiecakes LLC (#,^) 313 S Main St., McGregor, TX 76557 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/21/2041 20.4 20.4 23.1 0.01 %
Wrecking Crew Media LLC (#,^) 229 Commercial Ave, Pittsburgh, PA 15212 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 9/21/2026 17.0 17.0 17.4 — %
TPFC,LLC dbaThe Picture Frame Company (#,^) 5957 Glenway Ave., Cincinnati, OH 45238 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/26/2041 53.4 53.4 60.3 0.02 %
32
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Ridge Road Equestrian LLC dba Ricochet Ridge Ranch (#,^) 24201 North Hwy. 1, Fort Bragg, CA 95437 Support Activities for Agriculture and Forestry Term Loan Prime plus 2.75% 9/26/2026 5.3 5.3 5.5 — %
Kyle M Walker DDS, PC (#,^) 1402 West Park Ave., Orange, TX 77630 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/27/2026 152.5 152.5 157.3 0.04 %
CNC Precision Machine, Inc. (#,^) 18360 Industrial Circle, Burton, OH 44021 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/28/2041 1,170.2 1,170.2 1,321.1 0.36 %
CD Game Exchange Inc. (#,^) 3719 N Mississippi, Portland, OR 97227 Merchant Wholesalers, Durable Goods Term Loan 8.25% 9/28/2026 3.7 3.7 3.5 — %
Beadon Inc (#,^) 2601 Old Ocean City Rd, Salisbury, MD 21804 Food and Beverage Stores Term Loan Prime plus 2.75% 9/28/2026 13.3 13.3 13.8 — %
Seaway LLC and Reklaw LLC dba Allure Lounge (#,^) 415 -417 Halsey Dr., Newark, NJ 07102 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2041 125.0 125.0 141.1 0.04 %
JJA Transportation Management Inc. (#,^) 15 Church St., Upland, PA 19015 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 9/30/2026 28.1 28.1 28.9 0.01 %
Wyspen Corporation dba Charlestown Ace (#,^) 5 Austin St., Charlestown, MA 02129 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 10/3/2026 21.6 21.6 22.2 0.01 %
Ailky Corporation (#,^) 352 Beford St., Lakeville, MA 02347 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 10/3/2026 141.9 141.9 146.7 0.04 %
Reliable Recovery Services LLC (#,^) 2401 West Mcdowell Rd., Phoenix, AZ 85009 Support Activities for Transportation Term Loan Prime plus 2.75% 10/7/2026 67.4 67.4 70.0 0.02 %
Maine Service Corp (#,^) 59-22 55th St., Maspeth, NY 11378 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 10/13/2026 98.4 98.4 102.9 0.03 %
Justin Partlow (#,^) 100 Independence Place, Suite 414, Tyler, TX 75703 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 10/13/2026 11.7 11.7 12.0 — %
Speaker City, Inc. dba Rollin Thunder (#,^) 246 East Belt Blvd., Richmond, VA 23224 Electronics and Appliance Stores Term Loan Prime plus 2.75% 10/14/2041 114.2 114.2 128.9 0.04 %
Gold Wind Logistics LLC (#,^) 2830 Beech Daly Rd, Inkster, MI 48141 Truck Transportation Term Loan Prime plus 2.75% 10/20/2041 162.0 162.0 182.9 0.05 %
Worldwide Estate, Inc. dba Washington Heights Manor (#,^) 10620 W. Greenwood Terrace, Milwaukee, WI 53224 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 10/21/2041 204.9 204.9 231.3 0.06 %
Blakeslee Arpaia Chapman Inc and Chapman Construction Services LLC (#,^) 200 North Branford Rd., Branford, CT 06405 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 10/24/2026 254.5 254.5 266.2 0.07 %
Elite Structures Inc (#,^) 401 Old Quitman Rd., Abel, GA 31620 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 10/27/2029 164.8 164.8 176.9 0.05 %
Bloomquist Communications Inc. (#,^) 131 East Trinity Place, Decatur, GA 30030 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/31/2026 36.5 36.5 37.6 0.01 %
Moolchan Enterprises LLC dba Staying Green (#,^) 2650 S.W. 154 Ave., Davie, FL 33331 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/31/2026 6.6 6.6 6.9 — %
Woodstock Enterprises Corp dba True Scent Candle Co (#,^) 191 2nd Ave., Warwick, RI 02888 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 10/31/2041 81.0 81.0 91.5 0.02 %
Glocecol LLC (#,^) 10302 NW South River Dr., Bay #18, Miami, FL 33178 Administrative and Support Services Term Loan Prime plus 2.75% 11/1/2026 45.5 45.5 47.6 0.01 %
Veracruz Shabo, LLC(EPC) Waterfalls Quick Lube LLC (OC) (#,^) 1325 BRd. St., Central Falls, RI 02863 Repair and Maintenance Term Loan Prime plus 2.75% 11/1/2041 109.6 109.6 123.8 0.03 %
33
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

131 Miles LLC and Ohm Shubh Laxmi, LLC. dba Mr Hero (#,^) 13215 Miles Ave., Cleveland, OH 44105 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/3/2041 104.8 104.8 118.3 0.03 %
Fine Line Interiors, Inc. (#,^) 2530 SW 30th Ave., Hallandale Beach, FL 33009 Repair and Maintenance Term Loan Prime plus 2.75% 11/4/2041 57.6 57.6 65.0 0.02 %
Dyer Properties, LLC and Bayview Pharmacy, Inc. (#,^) 3844 Post Rd., Warwick, RI 02886 Health and Personal Care Stores Term Loan Prime plus 2.75% 11/9/2041 220.1 220.1 248.5 0.07 %
MIK LLC dba Firehouse Subs (#,^) 17250 Royalton Rd, Strongsville, OH 44136 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/9/2026 135.3 135.3 139.6 0.04 %
Hoosier Health Plus, LLC (#,^) 520 East 8th St., Anderson, IN 46012 Ambulatory Health Care Services Term Loan Prime plus 2.75% 11/15/2026 53.4 53.4 55.9 0.02 %
Catherine Christine Morin dba Purr-Fect Pets (#,^) 1915 North Austin Ave., Georgetown, TX 78626 Personal and Laundry Services Term Loan Prime plus 2.75% 11/17/2026 11.4 11.4 11.7 — %
Skaggs RV Outlet LLC (#,^) 301 Commerce Dr., Elizabethtown, KY 42701 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/21/2026 60.7 60.7 63.5 0.02 %
Bouquet Restaurant LLC (#,^) 519 Main St., Covington, KY 41011 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/22/2041 88.7 88.7 100.2 0.03 %
6E Technologies LLC (#,^) 11001 West 120th Ave., Suite 400, Broomfield, CO 80020 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/22/2026 90.5 90.5 94.4 0.03 %
Broms Asset Management LLC (#,^) 215 East 79th St. Apt 9E, New York, NY 10075 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 11/22/2026 75.7 75.7 78.0 0.02 %
JBK Truck Trailer and Bus Inc. (#,^) 8669 S. State Rd. 67, Camby, IN 46113 Repair and Maintenance Term Loan Prime plus 2.75% 11/22/2041 380.0 380.0 429.0 0.12 %
WPN Recycling Company LLC (#,^) 5101 Andard Ave, Baltimore, MD 21226 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/23/2026 13.7 13.7 14.3 — %
CRK Mens, LLC dba Spiff for Men (#,^) 750 Third Ave, New York, NY 10017 Personal and Laundry Services Term Loan Prime plus 2.75% 11/23/2026 63.5 63.5 65.6 0.02 %
Hafa Adai Signs and Graphics LLC dba Fastsigns of Auburn -#281901 (#,^) 1835 Auburn Way N Suite B, Auburn, WA 98002 Administrative and Support Services Term Loan Prime plus 2.75% 11/23/2026 36.4 36.4 37.6 0.01 %
Usman Jalil, LLC dba Food Mart (#,^) 147 N Washington St., Plainville, CT 06062 Gasoline Stations Term Loan Prime plus 2.75% 11/29/2041 213.7 213.7 241.3 0.07 %
Access Staffing, LLC (#,^) 360 Lexington Ave. 8th Floor, New York, NY 10017 Administrative and Support Services Term Loan Prime plus 2.75% 11/29/2026 749.2 749.2 771.8 0.21 %
Quick Ship, LLC (#,^) 448 W. 19th St, Houston, TX 77008 Couriers and Messengers Term Loan Prime plus 2.75% 11/30/2026 6.4 6.4 6.6 — %
Pebble Wood Lane, LLC and Good Sam's Assisted Living Resiidence,LLC (#,^) 1 Pebble Wood Lane, Palm Coast, FL 32164 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 11/30/2041 63.4 63.4 71.6 0.02 %
Imaginarium Foods LLC, (#,^) 751 N. Cable Rd., Lima, OH 45805 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2042 342.3 342.3 386.5 0.11 %
Hanson's Greeks LLC (#,^) 8132 N. 87th Place, Ste A, Scottsdale, AZ 85258 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/8/2026 6.9 6.9 7.2 — %
New Life Hospital LLC (#,^) 17400 Red Oak Dr., Houston, TX 77090 Hospitals Term Loan Prime plus 2.75% 12/8/2041 1,118.1 1,118.1 1,262.3 0.34 %
34
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

eCommerce Direct, LLC (#,^) 3440 Gannett Ave., Des Moines, IA 50321 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/9/2026 476.8 476.8 494.0 0.13 %
Mack Team Enterprises Inc.dba The UPS Store #6815 (#,^) 38200 Ave. of the States, Fort Gordon, GA 30905 Couriers and Messengers Term Loan Prime plus 2.75% 12/9/2026 12.5 12.5 13.0 — %
Recycling Revolution,LLC (#,^) 4190 Collins Rd., Unadilla, GA 31091 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/9/2041 82.8 82.8 93.4 0.03 %
Wayfarer Bicycle LLC (#,^) 118-120 Ocean Ave., New London, CT 06320 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 12/13/2041 84.8 84.8 95.7 0.03 %
Success Advertising Inc. dba Success Communivstion Gr (#,^) 26 Eastmans Rd., Parsippany, NJ 07054 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/13/2041 427.6 427.6 482.8 0.13 %
Roast Beef Levittown LLC dba Arby's (#,^) 2080 Hempstead Turnpike, East Meadow, NY 11554 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/13/2026 130.6 130.6 136.6 0.04 %
Trison Enterprises Inc.dba Lee's Automotive (#,^) 13281 Aurora Ave. N, Seattle, WA 98311 Repair and Maintenance Term Loan Prime plus 2.75% 12/14/2041 373.5 373.5 421.7 0.12 %
AGG Management Team LLC dba Chevron (#,^) 2615 S Dixie Hwy., West Palm Beach, FL 33401 Gasoline Stations Term Loan Prime plus 2.75% 12/14/2041 260.9 260.9 294.5 0.08 %
Sempco, Inc. (#,^) 51 -55 Lake St. Unit #2-6, Nashua, NH 03060 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/15/2041 38.5 38.5 43.5 0.01 %
New Chicago Wholesale Bakery, Inc. (#,^) 795 Touhy Ave., Elk Grove Village, IL 60007 Food Manufacturing Term Loan Prime plus 2.75% 12/15/2041 426.1 426.1 481.0 0.13 %
Techni-Pro Institute LLC (#,^) 414 NW 35th St., Boca Raton, FL 33431 Educational Services Term Loan Prime plus 2.75% 12/15/2026 116.7 116.7 120.7 0.03 %
Elita 7, LLC (#,^) 16 Marble St., Worcester, MA 01603 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 12/15/2041 669.9 669.9 756.4 0.21 %
Means Enterprises LLC dba FastFrame Frisco (#,^) 4112-4150 Legacy Dr./5729 Leabanon Rd. Unit 412, Frisco, TX 75034 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/16/2026 12.6 12.6 13.1 — %
Metropolitan Solutions Group Inc. (#,^) 1420 Chestnut St., Portsmouth, VA 23704 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/19/2041 252.1 252.1 284.6 0.08 %
Echelon Enterprises, Inc (#,^) 16701 E. Iliff Ave., Aurora, CO 80013 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 1/10/2027 30.5 30.5 32.0 0.01 %
Fullbro Trust dba Menemsha Blues (#,^) 2 Basin Rd., Chilmark, MA 02535 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 1/13/2027 14.0 14.0 14.7 — %
Eickmann Management Group LLC dba Jimmy Johns of Dundee (#,^) 568 Techumseh St., Dundee, MI 48131 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/17/2027 62.1 62.1 65.1 0.02 %
Jolibe LLC and Jolibe Atelier LLC (#,^) 357 w 36th #401, New York, NY 10018 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/18/2027 6.6 6.6 6.8 — %
Rhone Wolf Vineyard LLC, Goldline Brands Inc. and Myka Cellars, Inc. (#,^) 5245 Bucks Bar Rd., Placerville, CA 95667 Beverage and Tobacco Product Manufacturing Term Loan 8.25% 1/19/2030 210.3 210.3 201.6 0.06 %
Fox Valley Rentals & Investments LLC and Brian M Tomaszewski (#,^) 2906 E. Newberry St., Appleton, WI 54915 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/20/2042 39.1 39.1 44.1 0.01 %
35
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

SRC Publishing LLC (#,^) 8690 Waterford Bend St., Las Vegas, NV 89123 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 1/27/2027 14.0 14.0 14.5 — %
Fave Realty Inc. (#,^) 1875 Grand Ave., Baldwin, NY 11510 Real Estate Term Loan Prime plus 2.75% 1/30/2042 50.1 50.1 56.5 0.02 %
Chidlren's House Learning, Inc and Tarps Investment Group (#,^) 720 Wilbraham Rd., Springfield, MA 01109 Social Assistance Term Loan Prime plus 2.75% 1/31/2042 295.4 295.4 333.5 0.09 %
DBMS Consulting, Inc. (#,^) 164 West 83rd St. Units 1F/1P, New York, NY 10024 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/1/2042 172.3 172.3 194.6 0.05 %
8 Minute Oil Change Auto Repair & Tire Center and Jumir L.L.C. (#,^) 174-176 Mountain Ave., Springfield, NJ 07081 Repair and Maintenance Term Loan Prime plus 2.75% 2/7/2042 301.8 301.8 340.8 0.09 %
Harrison Logging Company LLC (#,^) 127 Legate Rd., Indian Mound, TN 37079 Forestry and Logging Term Loan Prime plus 2.75% 2/9/2027 70.6 70.6 73.4 0.02 %
Baton Rouge Cargo Services Inc. and 2808 Court Street, LLC (#,^) 2808 Court St., Port Allen, LA 70767 Truck Transportation Term Loan Prime plus 2.75% 2/10/2042 228.2 228.2 257.7 0.07 %
Sushiya Inc. (#,^) 72 S. Main St, Hanover, NH 03755 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/10/2027 11.8 11.8 12.3 — %
Maximo Canot dba Wash and Dry Laundrymat (#,^) 34 Morningside Ave., Yonkers, NY 10703 Personal and Laundry Services Term Loan Prime plus 2.75% 2/10/2042 126.8 126.8 143.1 0.04 %
Marvic Enterprises Inc dba Jordan's Liquor (#,^) 199 Taunton Ave., East Providence, RI 02914 Food and Beverage Stores Term Loan Prime plus 2.75% 2/10/2042 201.7 201.7 227.7 0.06 %
Ameritube, LLC and Ravone Properties, LLC (#,^) 1000 North State. Hwy. 77, Hillsboro, TX 76645 Primary Metal Manufacturing Term Loan Prime plus 2.75% 2/14/2042 173.1 173.1 195.5 0.05 %
Victorian Restaurant and Tavern, LLC (#,^) 226 Maple Ave., Cheshire, CT 06410 Food Services and Drinking Places Term Loan 8.25% 2/22/2042 81.3 81.3 75.9 0.02 %
B & J Bicycle Shop Inc. (#,^) 1620 E. Sample Rd, Pompano Beach, FL 33064 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 2/24/2027 4.0 4.0 4.2 — %
TMJ Pizza Mesa LLC dba Rosati's Pizza Restaurant (#,^) 2235 S. Power Rd Suite 118, Mesa, AZ 85209 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/24/2027 47.5 47.5 49.8 0.01 %
3W Enterprises LLC (#,^) 2727 Industrial Pkwy., Elkhart, IN 46516 Textile Product Mills Term Loan Prime plus 2.75% 2/24/2042 59.7 59.7 67.4 0.02 %
Teracore Inc. (#,^) 3300 Holcomb Bridge Rd., Suite 226, Norcross, GA 30092 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/27/2027 103.4 103.4 106.7 0.03 %
McNally Enterprises Inc. (#,^) 1010 N. Grove St., Anaheim, CA 92806 Personal and Laundry Services Term Loan Prime plus 2.75% 2/27/2027 40.7 40.7 42.2 0.01 %
SSI Refrigerated Express Inc. and Robert M Stallone dba SSI Express (#,^) 1001 E. Cooley Dr. Suite 102, Colton, CA 92324 Truck Transportation Term Loan Prime plus 2.75% 2/28/2027 155.0 155.0 160.1 0.04 %
Weeping Willow Kennels, Inc and Aileen N Black (#,^) 6041 Hammond School Rd., Salisbury, MD 21804 Personal and Laundry Services Term Loan Prime plus 2.75% 2/28/2042 129.0 129.0 145.6 0.04 %
Getting Even LLC dba The Zoo Health Club (#,^) 377 South Willow St. Unit B2-1, Manchester, NH 03103 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/28/2027 60.8 60.8 63.1 0.02 %
36
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Podium Auto Sales Inc and RRS Property, LLC (#,^) 246 S. Dixie Hwy., Pompano Beach, FL 33060 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/3/2042 83.7 83.7 94.5 0.03 %
Anthony LLC dba Star of Woodward Market (#,^) 5730 Woodward Ave, Detroit, MI 48202 Food and Beverage Stores Term Loan Prime plus 2.75% 3/9/2042 106.4 106.4 120.1 0.03 %
Elegant Occasions, LLC dba E Productions (#,^) 3650 Coral Ridge Dr. Units 103-104, Coral Springs, FL 33065 Personal and Laundry Services Term Loan Prime plus 2.75% 3/10/2042 555.1 555.1 626.7 0.17 %
Dwayne Bernard Tate (#,^) 1238 Woodcliff Court SW, Lilburn, GA 30047 Truck Transportation Term Loan Prime plus 2.75% 3/10/2027 6.7 6.7 7.0 — %
1MTX LLC and Sunrise Transportation and Logistics, LLC and Mustafa M (#,^) 6510 North BRd.way, Saint Louis, MO 63147 Truck Transportation Term Loan Prime plus 2.75% 3/13/2027 401.4 401.4 414.5 0.11 %
The Purple Cow House of Pancake Inc (#,^) 6 & 10 Skowhegan Rd., Fairfield, ME 04937 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/16/2042 67.5 67.5 76.2 0.02 %
Texcor, Inc.dba Texas Corral,Texas Coral Restaurants II, Inc. T.C. of (#,^) 5880 US Hwy6, Portage, IN 46368 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/16/2027 211.4 211.4 221.7 0.06 %
Baton Rouge Cargo Services Inc. and 6507 Westport, LLC (#,^) 6507 Westport Ave., Shreveport, LA 71129 Truck Transportation Term Loan Prime plus 2.75% 3/22/2042 589.0 589.0 665.0 0.18 %
JBK Truck Trailer and Bus Inc. (#,^) 8669 South State Rd. 67, Camby, IN 46113 Repair and Maintenance Term Loan Prime plus 2.75% 3/23/2042 81.8 81.8 92.4 0.03 %
Denton Bio Fuels LLC and American Bio Source LLC (#,^) 624 W. University Dr. Suite 359, TX, TX 76201 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/23/2027 41.6 41.6 43.2 0.01 %
Color Graphic Press, Inc. (#,^) 42 Main St., Nyack, NY 10960 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/23/2027 76.7 76.7 80.4 0.02 %
Executive Fitness & Nutrition Inc. (#,^) 8610 Roosevelt Ave. Suite 2, Jackson Heights, NY 11372 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/23/2027 12.9 12.9 13.5 — %
Heil & Hornik LLC dba Elysium Tennis (#,^) 7637 C. Commerce Place, Plain City, OH 43064 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/27/2042 856.8 856.8 967.3 0.26 %
Pecos Entertainment LLC dba State Theater and Pecos Inn LLC dba Econo (#,^) 421 S. Oak St., Pecos, TX 79772 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 3/27/2042 388.0 388.0 438.0 0.12 %
New England Country Day School, Inc. and Thomas D. Walker (#,^) 27 Kenosia Ave., Danbury, CT 06810 Social Assistance Term Loan Prime plus 2.75% 3/28/2042 348.3 348.3 393.2 0.11 %
Gauri Hospitality Group LLC dba Microtel Inns & Suites by Wyndham (#,^) 1221 Kentucky Mills Dr., Louisville, KY 40299 Accommodation Term Loan Prime plus 2.75% 3/29/2042 974.4 974.4 1,100.1 0.30 %
H and H Hotshot Services, Inc. dba AA Hotshot & Logistics (#,^) 5455 N 51st St., # 30, Glendale, AZ 85301 Couriers and Messengers Term Loan Prime plus 2.75% 3/29/2030 70.5 70.5 74.8 0.02 %
Douglas K. Soderblom . dba Loma Linda Optometry (#,^) 25815 Barton Rdad, Unit C104, Loma Linda, CA 92354 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/29/2027 63.9 63.9 66.5 0.02 %
Discount Price, LLC dba Robert's Market (#,^) 2 Hill Rd., Franklin, NH 03235 Gasoline Stations Term Loan Prime plus 2.75% 3/29/2042 190.3 190.3 214.8 0.06 %
Schafer Fisheries Inc. (#,^) 21985 Waller Rd., Fulton, IL 61252 Food Manufacturing Term Loan Prime plus 2.75% 3/30/2042 233.9 233.9 264.1 0.07 %
37
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Sea Smoke Barbeque, Corp and Danwen LLC (#,^) 20 Island Farm Rd., Oak Bluffs, MA 02557 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/30/2042 218.1 218.1 246.3 0.07 %
Landmark Ventures USA, Inc. (#,^) 475 Park Ave. South 25th Floor, New York, NY 10016 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 3/31/2027 119.9 119.9 124.0 0.03 %
The Altitude Group, LLC and Core Home Security, LLC (#,^) 949 Clint Moore Rd., Unit 949A, Boca Raton, FL 33487 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/31/2027 28.1 28.1 29.1 0.01 %
Citizens Lanes, LLC (#,^) 5100 Goodson Connector Rd., Union City, GA 30291 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 3/31/2042 602.2 602.2 564.8 0.15 %
Golden Hen Inc. dba Cafe (#,^) 468 W. Cheltenham Ave., Philadelphia, PA 19126 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/31/2027 41.4 41.4 42.9 0.01 %
Bear Trail Lodge LLC (#,^) Mile 1 Bear Trail Rd., King Salmon, AK 99613 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/31/2042 509.7 509.7 575.5 0.16 %
Condron Brothers LLC DBA Luv 2 Play (#,^) 4790 La Sierra Ave., Riverside, CA 92505 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/19/2027 77.3 77.3 79.3 0.02 %
Getting Even LLC dba The Zoo Health Club (#,^) 377 South Willow St., Suite B 2-1, Manchester, NH 03103 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/21/2027 4.8 4.8 5.0 — %
Ralph's Hair Salon, Inc. (#,^) 175 NW 14th St., Homestead, FL 33030 Personal and Laundry Services Term Loan Prime plus 2.75% 4/21/2042 46.1 46.1 52.0 0.01 %
Resident Research, LLC (#,^) 4400 Morris Park Dr. Suite M, Charlotte, NC 28277 Other Information Services Term Loan Prime plus 2.75% 4/24/2027 56.9 56.9 57.6 0.02 %
JMA Inc. dba Primecut and Mezzo; Primecut at Marquee (#,^) 393 Charles St., Providence, RI 02904 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/27/2042 204.4 204.4 230.8 0.06 %
Sneads Ferry Foods, Inc. dba DQ Grill & Chill (#,^) 920 Hwy. 210, Sneads Ferry, NC 28460 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/27/2042 603.1 603.1 680.9 0.19 %
Love and Glory Learning Center, Inc. (#,^) 4911 N. 42nd St., Tampa, FL 33610 Social Assistance Term Loan Prime plus 2.75% 4/28/2042 71.9 71.9 81.2 0.02 %
Fine Arts Center of Easley, Inc. dba Midtown Music (#,^) 117 S. Pendleton St., Easley, SC 29640 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 5/2/2042 110.2 110.2 124.5 0.03 %
Cable Management LLC (#,^) 290 Pratt St., Meriden, CT 06450 Waste Management and Remediation Services Term Loan Prime plus 2.75% 5/3/2027 37.5 37.5 38.9 0.01 %
Benchmark Building, Inc. (#,^) 1439 Stargazer Terrace, Sanford, FL 32771 Construction of Buildings Term Loan Prime plus 2.75% 5/5/2027 14.7 14.7 14.9 — %
Innovation Transport, LLC (#,^) 1 International Blvd, Mahwah, NJ 07495 Truck Transportation Term Loan Prime plus 2.75% 5/9/2027 51.3 51.3 53.4 0.01 %
NHS, LLC (#,^) 212 N Douglas Ave, Ellsworth, KS 67439 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/9/2042 20.2 20.2 22.8 0.01 %
NHS, LLC (#,^) 212 N Douglas Ave, Ellsworth, KS 67439 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/9/2027 57.9 57.9 59.3 0.02 %
Estelle Finkel Educational Associates,LLC (#,^) 125 West Mount Pleasant Ave., Livingston, NJ 07039 Educational Services Term Loan Prime plus 2.75% 5/11/2027 79.6 79.6 80.5 0.02 %
B G F Bobby Q's Inc (#,^) 447 N. Main St., Freeport, NY 11520 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/11/2027 4.9 4.9 5.1 — %
38
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Sanderson Distribution Inc. (#,^) 100 Daniel Dr., Alamo, CA 94507 Truck Transportation Term Loan Prime plus 2.75% 5/12/2027 6.9 6.9 6.9 — %
Arco Electrical Contractors Inc. dba Arco Construction Group (#,^) 22-24 South Seventh St., Elizabeth, NJ 07202 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/16/2027 240.4 240.4 247.8 0.07 %
5 Stars Learning Center Inc (#,^) 14 Paine Ave., Irvington, NJ 07111 Social Assistance Term Loan Prime plus 2.75% 5/16/2042 57.0 57.0 64.4 0.02 %
Computech Computers Inc. (#,^) 40-24 76th St., Office #2B, Elmhurst, NY 11373 Educational Services Term Loan Prime plus 2.75% 5/17/2027 32.7 32.7 33.1 0.01 %
Mr. B's Bicycles & Mopeds, Inc. (#,^) 1870 S. 4th Ave., Yuma, AZ 85364 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 5/18/2042 135.5 135.5 153.0 0.04 %
Bay Car Wash LLC (#,^) 952 South Commercial St. and West Magnolia, Aransas Pass, TX 78336 Repair and Maintenance Term Loan Prime plus 2.75% 5/18/2042 111.7 111.7 126.1 0.03 %
Waterford Plumbing Co, Inc. (#,^) 2425 W. Cuyler Ave, Chicago, IL 60618 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/18/2027 32.7 32.7 33.2 0.01 %
PS Camping, Inc. dba Prospectors RV Resort (#,^) 43659&43595 US Hwy. 50, Canon City, CO 81212 Accommodation Term Loan 8.25% 5/19/2042 892.9 892.9 838.2 0.23 %
Iron Men Home Repair, Inc. and Ironmen House Lifting Inc. (#,^) 132 North Wellwood Ave, Lindenhurst, NY 11757 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/19/2042 537.9 537.9 607.3 0.17 %
Tres K Deli,Grocery,Fruit and Meat Inc. (#,^) 125 West Tremont Ave, Bronx, NY 10453 Food and Beverage Stores Term Loan Prime plus 2.75% 5/19/2027 5.4 5.4 5.6 — %
Hayden Trucking LLC (#,^) 11540 Eagle Vista Dr., Fort Worth, TX 76179 Truck Transportation Term Loan Prime plus 2.75% 5/19/2027 95.2 95.2 99.5 0.03 %
Innovim, LLC (#,^) 6401 Golden Triangle Dr. Suite 200, Greenbelt, MD 20770 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/24/2027 190.1 190.1 192.3 0.05 %
Abdul Naushad MD PC dba Advanced Pain Centers (#,^) 2865 James Blvd., Poplar Bluff, MO 63901 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/25/2042 372.3 372.3 420.4 0.11 %
Locavore LLC dba Paloma Restaurant (#,^) 401 S. Guadalupe St., Santa Fe, NM 87501 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/25/2027 32.7 32.7 33.4 0.01 %
Beyond Waves A Unique Salon LLC and Lori Ann Carlson (#,^) 2290 Foxon Rd Route 80, North Branford, CT 06471 Personal and Laundry Services Term Loan Prime plus 2.75% 5/25/2027 3.9 3.9 4.0 — %
Hurricane Group, Inc. (#,^) 312 West Fourth St., Carson City, NV 89703 Other Information Services Term Loan Prime plus 2.75% 5/26/2027 55.1 55.1 55.7 0.02 %
Eagle Wood Works LLC (#,^) 1448 Horsehead Rd., Lugoff, SC 29078 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 5/26/2027 7.8 7.8 8.0 — %
Chet Lemon Enterprises LLC dba All American Sports (#,^) 1544 Lane Park Cutoff, Tavares, FL 32778 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/26/2042 733.0 733.0 827.5 0.23 %
Swantown Inn & Spa LLC (#,^) 1431 11th Ave. SE, Olympia, WI 98501 Accommodation Term Loan Prime plus 2.75% 5/26/2042 117.4 117.4 132.5 0.04 %
Sage Oil LLC (#,^) 8913 Egyptian Ave., Las Vegas, NV 89143 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 5/31/2027 14.7 14.7 14.9 — %
Haroon Baig,Inc.dba US1 Petrol (#,^) 1280-1290 Dixwell Ave., Hamden, CT 06514 Gasoline Stations Term Loan Prime plus 2.75% 5/31/2042 243.8 243.8 275.2 0.08 %
39
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Ricnet III, Inc. dba Edible Arrangements (#,^) 716 Foxcroft Ave, Martinsburg, WV 25401 Food and Beverage Stores Term Loan Prime plus 2.75% 5/31/2027 9.7 9.7 9.9 — %
Funtime, LLC and Universal Entertainment Group LLC (#,^) 13200 W. Foxfire Dr #144, Surprise, AZ 85387 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/31/2027 48.3 48.3 49.1 0.01 %
Speaker City, Inc.and Speaker Town, LLC dba Rollin Thunder (#,^) 246 East Belt Blvd., Richmond, VA 23224 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/1/2042 42.2 42.2 47.7 0.01 %
Skydive California, LLC (#,^) 25001 S Kasson Rd, Tracy, CA 95301 Educational Services Term Loan Prime plus 2.75% 6/2/2027 36.3 36.3 37.9 0.01 %
SCW, LLC dba Arthur Murray Dance Studio (#,^) 2383 Old Dixwell Ave., Hamden, CT 06518 Educational Services Term Loan Prime plus 2.75% 6/2/2042 135.1 135.1 152.5 0.04 %
Refoleen Inc dba Spice and Tea Exchange (#,^) 849 E Commerce St. Suite 121, San Antonio, TX 78205 Food and Beverage Stores Term Loan Prime plus 2.75% 6/8/2027 2.3 2.3 2.4 — %
ESA 365 Corp and Lucathor Realty LLC (#,^) 2420 Grand Ave., Baldwin, NY 11520 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/14/2042 20.8 20.8 23.5 0.01 %
Tele Tax Express Inc., El Rancho Paiso, LLC and Nestor Romero (#,^) 577 Main Ave., Paterson, NJ 07055 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/14/2042 85.6 85.6 96.6 0.03 %
Hull's Kitchen, LLC and HK Too, LLC (#,^) 19 Hull Shore Dr, Hull, MA 02045 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/14/2042 91.3 91.3 103.1 0.03 %
Susan Hughes dba Aloha Junction B and B (#,^) 19-4037 Olapalapa Rd., Volcano, HI 96785 Accommodation Term Loan Prime plus 2.75% 6/14/2042 57.0 57.0 64.4 0.02 %
All Regional Recyclers of Wood LLC dba ARROW,Superior Carting,LLC dba (#,^) 104 Wooster St., Bethel, CT 06801 Waste Management and Remediation Services Term Loan Prime plus 2.75% 6/15/2042 287.3 287.3 324.3 0.09 %
JAM Media Solutions, LLC (#,^) 4744 Tackawanna St., Philadelphia, PA 19124 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/15/2027 23.7 23.7 24.0 0.01 %
Don G. Timpton DDS & Associates PA and Indsaad Properties,LLC (#,^) 11535 Carmel Commons Blvd. Suite 200, Charlotte, NC 28226 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/16/2042 371.6 371.6 419.6 0.11 %
Scarlet Spartan Inc.dba FastSigns of Brighton (#,^) 533 W. Grand River Ave., Brighton, MI 48116 Administrative and Support Services Term Loan Prime plus 2.75% 6/19/2027 11.8 11.8 12.1 — %
Birches Group, LLC (#,^) 228 East 45th St. 12th FL South, New York, NY 10017 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/22/2027 33.1 33.1 33.5 0.01 %
Northern Industries, LLC (#,^) W 5585 Dehart Dr., Tomahawk, WI 54484 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 6/23/2042 53.6 53.6 60.6 0.02 %
Vella Construction Enterprises, Inc. dba Vella Construction (#,^) 318 28th Ave., San Mateo, CA 94403 Construction of Buildings Term Loan Prime plus 2.75% 6/23/2027 14.9 14.9 15.1 — %
Ains Holding Company, LLC (#,^) 122 West 26th St., New York, NY 10001 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/26/2027 837.0 837.0 851.9 0.23 %
Four Seasons Laser Center Inc. (#,^) 4720 NW 2nd Ave. Unit D-104 and Unit D-105, Boca Raton, FL 33498 Personal and Laundry Services Term Loan Prime plus 2.75% 6/26/2042 208.4 208.4 235.3 0.06 %
Citibin, Inc. (#,^) 254 36th St., Suite B519, Brooklyn, NY 11232 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 6/27/2027 38.9 38.9 39.4 0.01 %
40
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Auxiliary Systems Inc.,Sharrick Company, LLC & KMN, LLC (#,^) 211 East 25th St., Norfolk, VA 23504 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 6/27/2030 188.8 188.8 202.4 0.06 %
Akal Express Inc. dba Truck Trailer Service Stop (#,^) 2901 I 40 West, Vega, TX 79092 Repair and Maintenance Term Loan Prime plus 2.75% 6/28/2042 24.0 24.0 27.1 0.01 %
Foxhop Fitness, LLC (#,^) 4211 NW Federal Hwy., Jensen Beach, FL 34957 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/28/2027 60.1 60.1 61.0 0.02 %
Old Dominion Transportation Group, Inc. (#,^) 2510 Hunters Place, Suite 202, Woodbridge, VA 22192 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 6/28/2027 765.1 765.1 778.8 0.21 %
Best Bees Company (#,^) 839 Albany St., Boston, MA 02119 Animal Production and Aquaculture Term Loan Prime plus 2.75% 6/29/2027 14.9 14.9 15.1 — %
Ocean Trans LLC and Dehal Trucking LLC (#,^) 760 W. Charter Way, Stockton, CA 95206 Truck Transportation Term Loan Prime plus 2.75% 6/29/2027 392.9 392.9 397.5 0.11 %
Stiegelbauer Associates Inc. (#,^) 63 Flushing Ave., Unit 101, Building 280, Brooklyn, NY 11205 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/29/2027 204.1 204.1 213.5 0.06 %
Oakhill Farms, LLC (#,^) 15 Carl St., Johnston, RI 02919 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/29/2030 76.8 76.8 82.5 0.02 %
Intellixion LLC (#,^) 7447 Egan Dr, Suite 110 A, Savage, MN 55378 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/29/2027 2.5 2.5 2.5 — %
Greensboro Plastic Surgical Associates, PA (#,^) 2716 Henry St., Greensboro, NC 27405 Ambulatory Health Care Services Term Loan 6% 6/29/2042 535.0 535.0 495.2 0.14 %
The Country House Restaurant, LLC and Pelton Real Estate, LLC (#,^) 677 US Route 7, Pittsford, VT 05763 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/30/2042 47.3 47.3 53.4 0.01 %
Hamilton & Associates Real Estate and Investments Firm LLC (#,^) 11776 West Sample Rd., Coral Springs, FL 33065 Real Estate Term Loan Prime plus 2.75% 6/30/2042 50.0 50.0 56.5 0.02 %
J. T. O'Neill Company, L.L.C (#,^) 19972 Willowin Farm Lane, Purcellville, VA 20132 Real Estate Term Loan Prime plus 2.75% 6/30/2027 9.9 9.9 10.1 — %
New Chicago Wholesale Bakery Inc. (#,^) 795 Touhy Ave., Elk Grove Village, IL 60007 Food Manufacturing Term Loan Prime plus 2.75% 6/30/2027 11.0 11.0 11.4 — %
BQRS, Inc. DBA Gresham Meineke Car Care Center (#,^) 18081 SE Division St., Portland, OR 97236 Repair and Maintenance Term Loan 0% 6/30/2027 51.3 51.3 48.4 0.01 %
J&M Civil Construction Services LLC (#,^) 1221 County Rd. 4371, Decatur, TX 76234 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/30/2027 72.5 72.5 73.5 0.02 %
Thrifty Market Inc dba Thrifty Foods (#,^) 702 10th St., Wheatland, WY 82201 Food and Beverage Stores Term Loan Prime plus 2.75% 7/6/2027 72.0 72.0 73.9 0.02 %
McCord Holdings, Inc. dba Fast Signs 176101 (#,^) 7640 N. Wickham Rd., Melbourne, FL 32940 Administrative and Support Services Term Loan Prime plus 2.75% 7/7/2027 11.5 11.5 11.7 — %
Koep Companies dba Pipestone True value (#,^) 207 East Main St., Pipestone, MN 56164 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 7/14/2042 302.7 302.7 341.7 0.09 %
Wildflour Bakery & Cafe, LLC (#,^) 5137 Clareton Dr., Suite 100,110 & 120, Agoura Hills, CA 91301 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/17/2027 15.1 15.1 15.8 — %
Aitheras Aviation Group, LLC(OH) , Aitheras Aviation Group, LLC(FL) (#,^) 2301 N Marginal Rd., Cleveland, OH 44114 Air Transportation Term Loan Prime plus 2.75% 7/18/2027 552.1 552.1 560.8 0.15 %
41
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Matrix Z LLC (#,^) 800 SW 21st Terrace, Fort Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 3.75% 7/19/2027 5.6 5.6 6.1 — %
Obok LLC (#,^) 2720 S. Havana St., Unit H, Aurora, CO 80014 Food Manufacturing Term Loan Prime plus 2.75% 7/21/2027 8.0 8.0 8.3 — %
Lil Tots' Learning Center LLC (#,^) 3042 S 78th St, Tampa, FL 33619 Social Assistance Term Loan Prime plus 2.75% 7/21/2042 25.6 25.6 29.0 0.01 %
Ocean Trans LLC (#,^) 1415 W Andersonr Way, Stockton, CA 95206 Truck Transportation Term Loan Prime plus 2.75% 7/21/2027 26.3 26.3 26.6 0.01 %
Gilles Peress Studio LLC (#,^) 76 Lafayette Ave, Brooklyn, NY 11217 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/25/2027 41.3 41.3 41.9 0.01 %
Oberon IT, Inc. (#,^) 1404 W. Walnut Hill Lane, Irving, TX 75038 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/26/2027 146.5 146.5 151.0 0.04 %
HQTRONIC LLC (#,^) 10135 S. Roberts Rd., Ste. 209, Palos Hills, IL 60465 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 7/27/2027 15.1 15.1 15.3 — %
Sharon G McMillen, MA Psychologist, Inc. (#,^) 216 West Main St, Kingwood, WV 26537 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/28/2027 12.5 12.5 12.6 — %
Work of Heart Inc dba Little Nest Portraits (#,^) 1000 Merdian Blvd., Suite 112, Franklin, TN 37067 Professional, Scientific, and Technical Services Term Loan 7.5% 7/28/2027 35.7 35.7 33.5 0.01 %
HMG Strategy LLC, (#,^) 191 Post Rd. W., Westport, CT 06880 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/2/2027 32.2 32.2 32.6 0.01 %
L & J Corporate Services Inc (#,^) 866 NW 110th Ave., Coral Springs, FL 33071 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/4/2027 3.9 3.9 3.9 — %
Roundhay Partners LLC and Roundhay Farming LLC (#,^) 6160 Granite Spring Rd., Somerset, CA 95684 Crop Production Term Loan 8.25% 8/8/2042 845.4 845.4 766.0 0.21 %
D'Amato & Sons Construction, Inc. (#,^) 117 Oak St., Amityville, NY 11701 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/11/2027 5.6 5.6 5.8 — %
Chester's World Enterprise LLC (#,^) 140 W Alameda Dr., Suite 104, Tempe, AZ 85282 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/16/2027 15.3 15.3 15.7 — %
Tony Herring & Associates, Inc (#,^) 211 West Camellia Dr., Slidell, LA 70458 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 8/17/2027 5.1 5.1 5.1 — %
Tier1 Solutions LLC (#,^) 1000 Essington Rd. Ste. 109 & 111, Joliet, IL 60435 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/18/2027 13.1 13.1 13.4 — %
L&V Auto Sales, Inc. (#,^) 1504 West Franklin Blvd., Gastonia, NC 28052 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 8/21/2027 12.2 12.2 12.8 — %
Damiano Global Corp (#,^) 333 Birch Hills Dr., Rochester, NY 14622 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/21/2027 15.2 15.2 15.8 — %
Delicias de Minas Restaurant, LLC (#,^) 168-170 McWhorter St., Newark, NJ 07105 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/22/2027 135.4 135.4 141.9 0.04 %
Genuine Ventures LLC and Seaweed Ventures LLC (#,^) 432 S Franklin St, Juneau, AK 99801 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/24/2030 466.9 466.9 493.3 0.13 %
Parlay Disributors LLC (#,^) 20 Medford Ave, Suite 104, Patchogue, NY 11772 Educational Services Term Loan Prime plus 2.75% 8/25/2027 75.2 75.2 76.6 0.02 %
Lake County Tow LLC (#,^) 15409 Country Rd. 565A, Clermont, FL 34711 Support Activities for Transportation Term Loan Prime plus 2.75% 8/25/2042 81.3 81.3 91.7 0.03 %
Blue EagleTransport Inc, Greeneagle Transport Inc & Golden Eagle Tran (#,^) 377 Boston Post Rd., Milford, CT 06460 Couriers and Messengers Term Loan Prime plus 2.75% 8/31/2027 287.2 287.2 293.3 0.08 %
42
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Big Coop's Trucking LLC (#,^) 3066 Misty Creek Dr.., Swartz, MI 48473 Truck Transportation Term Loan Prime plus 2.75% 9/1/2027 68.5 68.5 71.1 0.02 %
Dreaming Big Learning Center Inc (#,^) 3301 W Oak St, Kissimmee, FL 34741 Social Assistance Term Loan Prime plus 2.75% 9/5/2042 353.5 353.5 399.1 0.11 %
Crazy Beatz Productions LLC (#,^) 20014 NE 138th St., Kearney, MO 64060 Motion Picture and Sound Recording Industries Term Loan Prime plus 3.75% 9/7/2027 3.7 3.7 3.9 — %
South Fulton Landscape & Nursery, Inc. (#,^) 3415 Enon Rd., College Park, GA 30349 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 9/7/2042 93.1 93.1 105.1 0.03 %
Foxtail, LLC and Tottly New Services Corp (#,^) 1481 Highland Ave., Cheshire, CT 06410 Social Assistance Term Loan Prime plus 2.75% 9/8/2042 270.9 270.9 305.9 0.08 %
Health & Performance Center, LLC (#,^) 1862 Craigshire Rd., Saint Louis, MO 63146 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/11/2027 14.0 14.0 14.2 — %
Morgan Lynn Kerstetter dba Catherine School of Dance (#,^) 315 Mill St. 3rd Floor, Danville, PA 17821 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 9/11/2027 5.1 5.1 5.4 — %
Town & Country Transportation Co. and Popco, LLC. (#,^) 191 Arch St., New Britain, CT 06051 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 9/12/2042 156.8 156.8 177.1 0.05 %
Rajbai Maa Inc. dba Nara Lounge (#,^) 244-252 Atwells Ave., Providence, RI 02903 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/12/2042 363.5 363.5 410.4 0.11 %
Alaska Motor Home Inc (#,^) 6633 Brayton Dr, Anchorage, AK 99507 Rental and Leasing Services Term Loan Prime plus 2.75% 9/13/2027 237.3 237.3 240.5 0.07 %
Nails By Mercede LLC (#,^) 2994 and 2996 Edgewater Dr., Orlando, FL 32804 Personal and Laundry Services Term Loan Prime plus 2.75% 9/13/2027 9.8 9.8 10.1 — %
Fox Valley Rentals & Investments, LLC (#,^) 2906 E. Newberry St., Appleton, WI 54915 Food Services and Drinking Places Term Loan Prime plus 3.75% 9/13/2027 5.2 5.2 5.6 — %
Li Family Spokane LLC (#,^) 21 E. Lincoln Rd., Spokane, WA 99208 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/15/2042 357.7 357.7 403.9 0.11 %
Tarleton & Family Landscaping, LLC (#,^) 125 E Center St., Midland Park, NJ 07432 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/15/2027 57.0 57.0 58.4 0.02 %
CIS BIG DOG, LLC (#,^) 8920 US HWY, 62 WEST, Cynthiana, KY 41031 Administrative and Support Services Term Loan Prime plus 2.75% 9/19/2027 46.7 46.7 48.9 0.01 %
Stone's Construction and Remodeling, LLC (#,^) 5210 Kaylin Dr., Akron, OH 44319 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/19/2027 3.6 3.6 3.6 — %
Sound Manufacturing, Inc. & Monster Power Equipment, Inc. (#,^) 51 Donnelley Rd., Old Saybrook, CT 06475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/20/2027 136.3 136.3 141.9 0.04 %
Montessori Community School (#,^) 123 South Navarra Dr., Scotts Valley, CA 95066 Social Assistance Term Loan Prime plus 2.75% 9/20/2042 254.9 254.9 287.8 0.08 %
CR Park Incorporated dba Define Body and Mind (#,^) 49 W. Allandale Ave., Allendale, NJ 07401 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/20/2027 40.5 40.5 41.8 0.01 %
Imagine By Carleen, Inc. (#,^) 1404 Del Prado Blvd. South, Units 100 & 105, Cape Coral, FL 33904 Personal and Laundry Services Term Loan Prime plus 2.75% 9/20/2027 5.1 5.1 5.4 — %
NY Tent LLC & NY Tent Parent, LLC dba Tent Company of New York (#,^) 1401 Lakeland Ave., Bohemia, NY 11716 Rental and Leasing Services Term Loan Prime plus 2.75% 9/20/2027 704.3 704.3 734.7 0.20 %
43
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Insight Diagnostic Technologist Services (#,^) 2030 Forest Ave., Suite 110, San Jose, CA 95128 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/20/2027 226.7 226.7 232.2 0.06 %
Sallee Pro-Custom Fabrication Shop LLC (#,^) 8865 North County Rd. 600 W, Scipio, IN 47273 Repair and Maintenance Term Loan Prime plus 2.75% 9/21/2027 6.2 6.2 6.5 — %
JPS Arthur Kill Rd Bakery Corp dba Aunt Butches of Brooklyn (#,^) 4864 Arthur Kill Rd. Units 102,103,104 & 105, Staten Island, NY 10309 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/22/2027 15.4 15.4 15.6 — %
KB Waterjet Cutting LLC (#,^) 4330 Parker Lane, Addis, LA 70710 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/22/2027 7.0 7.0 7.2 — %
Inspirations Food Design, Inc (#,^) 1338 Memorial Ave., West Springfield, MA 01089 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/26/2042 432.8 432.8 488.6 0.13 %
Complete Care IT LLC (#,^) 4801 South University Dr., Suite 125, Davie, FL 33328 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/27/2027 10.1 10.1 10.2 — %
Technologist Inc (#,^) 3120 Farview Dr., Suite 610, Falls Church, VA 22042 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 9/27/2027 169.6 169.6 177.7 0.05 %
Pets A Go Go LLC (#,^) 589 North State Rd., Briarcliff Manor, NY 10510 Personal and Laundry Services Term Loan Prime plus 2.75% 9/28/2042 184.7 184.7 208.5 0.06 %
Rhode Island Tennis Management LLC (#,^) 636 Centerville Rd., Warwick, RI 02886 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/28/2042 522.9 522.9 590.4 0.16 %
Rhode Island Tennis Management LLC (#,^) 636 Centerville Rd., Warwick, RI 02886 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/28/2042 364.1 364.1 411.1 0.11 %
Nicholson Lumber Co Inc. (#,^) 377 Main St., Nicholson, PA 18446 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 9/28/2030 168.3 168.3 180.4 0.05 %
Sashshel Corporation (#,^) 676 Franklin Blvd, Somerset, NJ 08873 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/29/2042 197.8 197.8 223.3 0.06 %
Threads of Time LLC (#,^) 207 S Buchanan St., Danville, IL 61832 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 9/29/2042 127.9 127.9 144.4 0.04 %
Miechella Suzette Decker (#,^) 3515 Main St., Exmore, VA 23350 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/29/2042 44.8 44.8 50.6 0.01 %
Dan Cline Transport Inc. (#,^) 501 State Dr., Mount Vernon, MO 65712 Truck Transportation Term Loan Prime plus 2.75% 9/29/2030 775.2 775.2 811.9 0.22 %
Harco Metal Products Inc (#,^) 7895 East Acoma Dr. Suite 102, Scottsdale, AZ 85260 Primary Metal Manufacturing Term Loan Prime plus 2.75% 9/29/2042 458.9 458.9 518.1 0.14 %
Ains Holding Company LLC (#,^) 122 W. 26th St., New York, NY 10001 Management of Companies and Enterprises Term Loan Prime plus 2.75% 10/2/2027 68.6 68.6 70.1 0.02 %
Becky Lou Corp dba Rent A Center (#,^) 3578 Route 611, Suite 210, Bartonsville, PA 18321 Rental and Leasing Services Term Loan Prime plus 2.75% 10/2/2027 62.9 62.9 65.1 0.02 %
Pro Anderson, LLC (#,^) 1092 Hampton Inn Way, Suite 400, Jacksonville, NC 28546 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 10/11/2027 37.4 37.4 38.2 0.01 %
On Call Services LLC (#,^) 15060 281St Ave. NW, Zimmerman, MN 55398 Construction of Buildings Term Loan Prime plus 2.75% 10/13/2027 12.5 12.5 13.1 — %
Cortez Landscaping, LLC (#,^) 4 Powder Rd., Norwalk, CT 06854 Administrative and Support Services Term Loan Prime plus 2.75% 10/13/2027 13.3 13.3 13.7 — %
44
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

H and K Dry Cleaning LLC ,Quintero Shopping Center LLC,Aqua Laundry, L (#,^) 1227 Burnside Ave., East Hartford, CT 06108 Electronics and Appliance Stores Term Loan 9% 10/17/2042 60.7 60.7 57.0 0.02 %
Blueridge Armor LLC (#,^) 1495 Hwy. 74-A Bypass, Suite 150192, Spindale, NC 28160 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 10/17/2027 5.7 5.7 5.9 — %
Island Refrigeration & AC Inc (#,^) 3201 Flagler Ave., Unit 510 & 511, Key West, FL 33040 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/18/2042 123.5 123.5 139.4 0.04 %
The Jig, LLC (#,^) 3115 Camp Phillips Rd., Wausau, WI 54403 Food Services and Drinking Places Term Loan 8.25% 10/24/2042 23.4 23.4 21.9 0.01 %
Suzie LLC dba Tony D's Restaurant (#,^) 92 Huntington St., New London, CT 06320 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/25/2042 81.5 81.5 92.1 0.03 %
Schafer Fisheries Inc (#,^) 21985 Waller Rd., Fulton, IL 61252 Food Manufacturing Term Loan Prime plus 2.75% 10/25/2027 26.3 26.3 27.6 0.01 %
Grand Blanc Lanes, Inc. (#,^) 5301 S. Saginaw Rd., Flint, MI 48507 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 10/25/2027 10.4 10.4 10.9 — %
Ashore Ventures Inc dba PuroClean Professional Restoration (#,^) 909 SE Everett Mall Way Ste A-140, Everett, WA 98208 Repair and Maintenance Term Loan Prime plus 2.75% 10/27/2027 10.1 10.1 10.3 — %
Blue Eagle Transport Inc , Golden Eagle Transport, Inc & Green Eagle T (#,^) 377 Boston Post Rd. Unit B, Milford, CT 06460 Couriers and Messengers Term Loan Prime plus 2.75% 10/27/2027 28.7 28.7 29.3 0.01 %
Sage Oil LLC (#,^) 8913 Egyptian Ave., Las Vegas, NV 89143 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 10/27/2027 6.9 6.9 7.1 — %
The Five Lakes LLC (#,^) 13705 Holmes Rd., Kansas City, MO 64154 Educational Services Term Loan Prime plus 2.75% 10/30/2042 442.7 442.7 499.8 0.14 %
Die Hard Used Car Sales (#,^) 1668 West Grand Ave., Phoenix, AZ 85007 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 10/30/2042 52.7 52.7 59.5 0.02 %
Rachael Reel dba Rachel Reel Insurance Age (#,^) 208 Bank St., Lenoir, TN 37771 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 10/31/2027 5.2 5.2 5.3 — %
Berza TLG,LLC dba The Little Gym of Lake Charles (#,^) 1301 E McNeese St., Suite 201, Lake Charles, LA 70607 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 10/31/2027 29.2 29.2 29.9 0.01 %
Edge Studios Inc Radiant Yoga LLC (#,^) 448 Howe Ave, Sacramento, CA 95825 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 11/1/2027 49.1 49.1 50.2 0.01 %
Top Quality Dent Service LLC (#,^) 1541 Vapor Trail, Colorado Springs, CO 80905 Repair and Maintenance Term Loan Prime plus 2.75% 11/2/2027 4.2 4.2 4.3 — %
Sterling Campbell Insurance Agency, Inc (#,^) 36359 North Gantzel Rd. Suite 102, San Tan Valley, AZ 85140 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 11/3/2027 5.2 5.2 5.3 — %
S & S Auto Body Shop Inc. (#,^) 5001 W. Clay St., Richmond, VA 23230 Repair and Maintenance Term Loan Prime plus 2.75% 11/3/2042 143.4 143.4 161.9 0.04 %
His Loving Hands Christian Academy, Inc. (#,^) 15020 Harrison St., Miami, FL 33176 Social Assistance Term Loan Prime plus 2.75% 11/6/2042 85.6 85.6 96.7 0.03 %
JNP Delivery Inc (#,^) 4500 North Providence # 7, Appleton, WI 54913 Couriers and Messengers Term Loan 6% 11/7/2027 6.7 6.7 6.5 — %
45
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Wing King at the Gardens LLC (#,^) 4235 South Fort Apache Rd., Suite 250, Las Vegas, NV 89147 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/10/2027 6.8 6.8 6.9 — %
Paramount Dance Studios Inc. and Homestead Dance Supply (#,^) 112 N Krome Ave., Homestead, FL 33030 Educational Services Term Loan Prime plus 2.75% 10/14/2043 441.1 441.1 498.0 0.14 %
J R Wholesale Tires & Auto Center, LLC (#,^) 822 Cameron Lane, Lugoff, SC 29078 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/15/2042 12.6 12.6 14.2 — %
Marcaco LLC (#,^) 124 Lincoln Ave., Colonie, NY 12205 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 11/15/2042 498.6 498.6 562.9 0.15 %
Auto Rx LLC,J&P Auto Repair Inc (#,^) 91 & 95 Woodbury Rd., Hicksville, NY 11801 Repair and Maintenance Term Loan Prime plus 2.75% 11/15/2042 183.2 183.2 206.8 0.06 %
H & H Hotshot Services, Inc. (#,^) 5455 N. 51st Ave. Suite 30, Glendale, AZ 85301 Couriers and Messengers Term Loan Prime plus 2.75% 11/16/2027 49.0 49.0 50.4 0.01 %
Maya Motel, LLC dba Town House Motel (#,^) 1701 Washington Ave, Waco, TX 76701 Accommodation Term Loan Prime plus 2.75% 11/17/2042 53.2 53.2 60.1 0.02 %
SSI Refrigerated Express Inc. and Robert M Stallone (#,^) 1001 E. Cooley Dr. Suite 102, Colton, CA 92324 Truck Transportation Term Loan Prime plus 2.75% 11/17/2027 45.2 45.2 46.2 0.01 %
Southern Specialty Contractor, LLC & Ronald David Holbrook Jr. (#,^) 1990 Flippen Rd., Stockbridge, GA 30281 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/17/2027 37.1 37.1 37.8 0.01 %
B Lam LLC (#,^) 9419 Kenwood Rd., Cincinnati, OH 45242 Personal and Laundry Services Term Loan Prime plus 2.75% 11/20/2042 169.2 169.2 191.0 0.05 %
Grumpy's Restaurant Company, LLC (#,^) 834 Kingsley Ave, Orange Park, FL 32073 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/21/2027 49.8 49.8 50.6 0.01 %
Cali Fit Meals (#,^) 3450 East Orangethrope Ave., Anaheim, CA 92806 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/21/2027 15.8 15.8 16.3 — %
PB Market LLC dba Pure Barre (#,^) 164-C Market St, Charleston, SC 29401 Educational Services Term Loan Prime plus 2.75% 11/21/2027 76.0 76.0 77.2 0.02 %
Webtez Inc dba Mod Vans (#,^) 1673 Donlon St., Suite 202, Ventura, CA 93003 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/22/2027 49.0 49.0 49.9 0.01 %
JMD Corporation dba Dart's True Value (#,^) 121 South Main St., Payette, ID 83661 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 11/22/2027 13.1 13.1 13.6 — %
Step Up Academy of the Arts, LLC (#,^) 2258A Wigwam Pkwy., Henderson, NV 89074 Educational Services Term Loan Prime plus 2.75% 11/22/2027 11.0 11.0 11.2 — %
Beacon Brewing LLC and C' Sons, LLC (#,^) 700 Lincoln St., Lagrange, GA 30204 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/27/2042 118.5 118.5 133.8 0.04 %
OPH Lexington, Inc (#,^) 235 Walton Ave., Lexington, KY 40502 Social Assistance Term Loan Prime plus 2.75% 11/29/2042 178.1 178.1 201.0 0.05 %
Our Playhouse Preschool, LLC (#,^) 3501 NC Hwy. 54 W, Chapel hill, NC 27516 Social Assistance Term Loan Prime plus 2.75% 11/29/2042 218.9 218.9 247.1 0.07 %
WTI Distribution Inc (#,^) 5491 E Francis St, Ontario, CA 91761 Support Activities for Transportation Term Loan Prime plus 2.75% 11/30/2027 28.0 28.0 29.0 0.01 %
Skin Beauty Bar Inc. and Tameka J. Mathis (#,^) 749 8th St. SE 2nd Floor, Washington, DC 20003 Personal and Laundry Services Term Loan Prime plus 2.75% 11/30/2027 6.3 6.3 6.5 — %
J. Venture Holdings, LLC (#,^) 2285 St. Andrews Ave., Zachary, LA 70791 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/30/2027 8.7 8.7 9.2 — %
46
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

PS Camping Inc. (#,^) 43595 US Hwy 50, Canon City, CO 81212 Accommodation Term Loan 8.25% 12/1/2027 17.4 17.4 16.9 — %
Utara LLC (#,^) 214 Pine St, Sandpoint, ID 83864 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/1/2027 16.5 16.5 17.0 — %
Square1 Partners, LLC (#,^) 1088 Greenbriar Lane, Northbrook, IL 60062 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 12/1/2027 44.1 44.1 44.8 0.01 %
Linda Jean Howard Riley dba The Rusty Bolt (#,^) 22345 W. Rt 66, Seligman, AZ 86337 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 12/1/2042 19.6 19.6 22.2 0.01 %
Salud Bar & Grill LLC (#,^) 1413 Bushwick Ave, Brooklyn, NY 11207 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/1/2027 39.8 39.8 40.5 0.01 %
Healthcare Interventions, Inc dba Brightstar Healthcare of & Brightsta (#,^) 5300 W. Atlantic Ave. Suite 501, Delray Beach, FL 33484 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/4/2027 10.6 10.6 10.8 — %
Oil Palace, Inc. (#,^) 10408 Hwy. 64 East, Tyler, TX 75707 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 12/4/2042 945.4 945.4 1,067.3 0.29 %
ODS Inc (#,^) 626 N Delsea Dr., Glassboro, NJ 08028 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/6/2027 34.7 34.7 35.8 0.01 %
Kim Howard Corp dba NPN Machine Tools (#,^) 9130 Wayfarer Lane, Houston, TX 77075 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/7/2042 562.5 562.5 635.0 0.17 %
Clear Sound Communications, Inc (#,^) 680 Old Medford Ave, Medford, NY 11763 Administrative and Support Services Term Loan Prime plus 2.75% 12/8/2027 2.6 2.6 2.7 — %
AV Strategy Inc (#,^) 9468 American Eagle Way Suite 100, Orlando, FL 32837 Rental and Leasing Services Term Loan Prime plus 2.75% 12/8/2027 344.6 344.6 355.9 0.10 %
LPB LPB Property Management Inc dba Wilderness View Cabins & Ellijay C (#,^) 498 Wilderness View, Chatsworth, GA 30705 Real Estate Term Loan Prime plus 2.75% 12/12/2042 93.5 93.5 105.5 0.03 %
A-1 Van Services Inc (#,^) 154 Sandy Creek Rd., Verona, PA 15147 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 12/12/2027 519.4 519.4 541.5 0.15 %
Jai Ganeshai LLC, Mahiveera 1 LLC, Mahiveera 2 LLC & KSVP LLC (#,^) 1120 Wren School Rd., Piedmont, SC 29673 Gasoline Stations Term Loan Prime plus 2.75% 12/12/2027 35.1 35.1 35.6 0.01 %
Sky Way Enterprises, Inc, A-Liner-8-Aviation, Inc, Kissimmee Aviation (#,^) 3031 Patrick St, Kissimmee, FL 34741 Air Transportation Term Loan 8.25% 12/12/2027 430.9 430.9 404.2 0.11 %
Clore Construction LLC (#,^) 21220 FM 1420, Harlingen, TX 78550 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/12/2027 326.0 326.0 339.2 0.09 %
Nichols Fire and Security LLC (#,^) 1906 Vanderhorn Dr., Memphis, TN 38134 Administrative and Support Services Term Loan Prime plus 2.75% 12/13/2042 81.8 81.8 92.4 0.03 %
Hardway Inc & AFC Leasing Inc (#,^) 12533 S. 73rd E. Place, Bixby, OK 74008 Rental and Leasing Services Term Loan Prime plus 2.75% 12/13/2027 556.9 556.9 565.8 0.15 %
Royalty Freight Inc (#,^) 3728 W Mckinley Ave., Fresno, CA 93722 Truck Transportation Term Loan Prime plus 2.75% 12/14/2027 477.1 477.1 484.7 0.13 %
Atlas Geo-Constructors, LLC (#,^) 3466 Thomasville Rd., Winston Salem, NC 27107 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/14/2027 238.6 238.6 248.2 0.07 %
47
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Barcade Holdings, LLC ,Barcade LLC,& Barcade New Haven LLC (#,^) 148 West 24th St., New York, NY 10011 Management of Companies and Enterprises Term Loan Prime plus 2.75% 12/14/2027 41.8 41.8 42.7 0.01 %
Heung Kyun Im (#,^) 6235 Conlan Bay Dr., Houston, TX 77041 Nonstore Retailers Term Loan Prime plus 2.75% 12/14/2027 10.9 10.9 11.1 — %
AADJ Empire Inc and AADJ Galaxy Inc. (#,^) 1599 Post Rd., Warwick, RI 02888 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/14/2042 169.5 169.5 191.4 0.05 %
LP Industries Inc. dba Childforms (#,^) 2040 Norwood St. SW, Lenoir, NC 28645 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 12/14/2027 59.3 59.3 61.8 0.02 %
Beale Street Blues Company Inc.dba B.B. King's Club-Memphis (#,^) 149 Monroe Ave., Memphis, TN 38103 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/14/2027 714.0 714.0 727.1 0.20 %
Legion Bowl, Inc & Legion Pub Inc (#,^) 661 Park St., Cranston, RI 02910 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/15/2042 309.4 309.4 349.3 0.10 %
1-0 Granny's Helpful Hands, LLC (#,^) 705 East Lake St., Minneapolis, MN 55407 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 12/15/2027 15.9 15.9 16.2 — %
Ocean Trans LLC & Dehal Trucking LLC (#,^) 1415 W. Anderson St., Stockton, CA 95206 Truck Transportation Term Loan Prime plus 2.75% 12/15/2042 586.1 586.1 661.8 0.18 %
Peanut Butter & Co., Inc (#,^) 119 West 57th St., Suite 300, New York, NY 10019 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/15/2027 159.2 159.2 161.7 0.04 %
Best Quality Home Care LLC (#,^) 317 S Berry St., Centralia, WA 98531 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 12/19/2027 4.2 4.2 4.3 — %
Auto Excellance of Fort Myers Inc. (#,^) 3105 Fowler St., Fort Myers, FL 33901 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 12/19/2042 99.4 99.4 112.2 0.03 %
DBMS Consulting, Inc. (#,^) 164 West 83rd St.- Units 1F/1P, New York, NY 10024 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/20/2027 54.3 54.3 56.5 0.02 %
DHD Enterprise LLC dba Edible Arrangements #1699 (#,^) 828 Washington Ave., Miami Beach, FL 33139 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 12/21/2027 16.4 16.4 16.9 — %
CT Auto Spa LLC (#,^) 39 Albany Turnpike, West Simsbury, CT 06092 Repair and Maintenance Term Loan Prime plus 2.75% 12/21/2027 154.8 154.8 162.6 0.04 %
Blue Lagoon Resort, LLC dba Hill View Cottages (#,^) 3670 Lake Shore Dr., Lake George, NY 12845 Accommodation Term Loan Prime plus 2.75% 12/21/2042 176.1 176.1 198.9 0.05 %
O'Rourke's Diner, LLC (#,^) 728 Main St., Middleton, CT 06457 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/22/2027 2.7 2.7 2.8 — %
Muckamuck Trucks, Inc. (#,^) 510 S Spring St., Ukiah, CA 95482 Truck Transportation Term Loan Prime plus 2.75% 12/22/2027 9.7 9.7 10.1 — %
Landmark Ventures USA Inc (#,^) 475 Park Ave. South 25th Floor, New York, NY 10016 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 12/22/2027 44.2 44.2 44.9 0.01 %
Lab Partner, LLC and Beechtree Diagnostics, LLP and Cottonwood Diag (#,^) 12351 Gateway Park Place, Draper, UT 84020 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/22/2027 550.6 550.6 561.5 0.15 %
Salida Family Chiropractic-PPLC dba Salida Sport and Spine (#,^) 203 G St., Salida, CO 81201 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/22/2027 8.5 8.5 8.6 — %
Medical Plaza of Boro Park PC (#,^) 1266 51St 1st Floor, Brooklyn, NY 11219 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/22/2027 27.0 27.0 27.4 0.01 %
48
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Anderson Farms Inc (#) 271 West Hwy. 30, Burley, ID 83318 Truck Transportation Term Loan 7.5% 12/22/2027 4,214.0 4,214.0 3,963.0 1.08 %
Social Link LLC (#,^) 41Peabody St., Nashville, TN 37210 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/29/2027 8.0 8.0 8.1 — %
Farec, Inc (#) 30250 W Nine Mile Rd., Farmington, MI 48336 Amusement, Gambling, and Recreation Industries Term Loan 7.5% 12/29/2042 242.4 242.4 225.5 0.06 %
Sandfree Systems LLC (#,^) 116 Cricket Ave. Suite B, Ardmore, PA 19003 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/5/2028 5.4 5.4 5.6 — %
Crad Holding LLC dba Neighborhood Laundry of Bloomfield (#,^) 60 Dodd St., Bloomfield, NJ 07003 Personal and Laundry Services Term Loan Prime plus 2.75% 1/5/2028 44.0 44.0 44.8 0.01 %
Human Resource Time Manager LLC (#,^) 2737 Humphrey St., East Elmhurst, NY 11369 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/8/2028 11.0 11.0 11.6 — %
Work of Heart Inc dba Little Nest Portraits (#) 1000 Merdian Blvd., Suite 112, Franklin, TN 37067 Professional, Scientific, and Technical Services Term Loan 7.5% 1/10/2028 4.2 4.2 4.0 — %
Specialized Dairy Processors LLC and Nathaly Zapata (#,^) 2200 N Commerce Pkwy., Weston, FL 33326 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/16/2028 46.5 46.5 47.3 0.01 %
Lou & Choo Enterprises Inc dba Lou & Choo Lounge (#,^) 2101,2103 & 2105 West Hunting Park Ave, Philadelphia, PA 19140 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/18/2043 107.8 107.8 121.7 0.03 %
MedWorxs Inc. (#,^) 6857 Timbers Dr., Evergreen, CO 80439 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/18/2028 56.3 56.3 57.3 0.02 %
Lavish Specs Inc (#,^) 262 Glen St., Glen Cove, NY 11542 Machinery Manufacturing Term Loan Prime plus 2.75% 1/19/2028 5.4 5.4 5.5 — %
Weeping Willow Kennels, Inc. (#,^) 6041 Hammond School Rd., Salisbury,, MD 21804 Personal and Laundry Services Term Loan Prime plus 2.75% 1/19/2028 7.5 7.5 7.9 — %
Tier1 Solutions LLC (#,^) 1000 Essington Rd., Juliet, IL 60435 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/23/2028 5.5 5.5 5.7 — %
Flair Interiors, Inc dba Giant Don's Flooring America (#,^) 7725 Old Seward Hwy., Anchorage, AK 99502 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 1/24/2028 98.3 98.3 103.5 0.03 %
Concrete Services LLC and James Ward (#,^) 24 County Rd. 901, Jemison, AL 35085 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/25/2028 71.5 71.5 73.9 0.02 %
Parati USA Inc (#,^) 1018 Wilt Ave., Ridgefield, NJ 07657 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 1/25/2028 12.1 12.1 12.3 — %
New Phaze Packaging Inc (#,^) 9533 Irondale Ave., Los Angeles, CA 91311 Paper Manufacturing Term Loan Prime plus 2.75% 1/26/2043 898.5 898.5 1,014.5 0.28 %
WydeBodi, LLC dba Wyde Bodi Auto Tags (#,^) 706 North 37th St., Philadelphia, PA 19104 Support Activities for Transportation Term Loan Prime plus 2.75% 1/30/2043 44.5 44.5 50.2 0.01 %
Rocco'sLandscaping LLC (#,^) 151 Kitts Lane, Newington, CT 06111 Administrative and Support Services Term Loan Prime plus 2.75% 1/31/2043 70.2 70.2 79.3 0.02 %
USA General Investment LLC dba Braniff Paint and Body Shop (#,^) 2290 NW 21st Terrace, Miami, FL 33142 Repair and Maintenance Term Loan Prime plus 2.75% 1/31/2028 10.7 10.7 11.0 — %
Midlothian Hardware Inc dba Grills True Value (#,^) 4751 West 147th St., Midlothian, IL 60445 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 2/2/2028 10.8 10.8 11.4 — %
49
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Macrotech Integrated Management Solutions dba Extreme Lawn Care (#,^) 2425 Durrance LN, Ormond Beach, FL 32174 Repair and Maintenance Term Loan Prime plus 2.75% 2/5/2028 8.7 8.7 9.1 — %
De La Vega LLC dba De La Vega Deland and De La Vega Oviedo (#,^) 128 North Woodland Blvd, Deland, FL 32720 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/7/2028 49.7 49.7 51.2 0.01 %
Apps Inc., Market Share, and Singular Leaseholdings LLC (#,^) 800 Village Walk #159, Guilford, CT 06437 Telecommunications Term Loan Prime plus 2.75% 2/8/2028 378.3 378.3 385.2 0.11 %
Tony Herring & Associates, Inc. (#,^) 211 West Camellia Dr., Slidell, LA 70458 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 2/9/2028 6.0 6.0 6.3 — %
Quality Machine of Iowa, Inc (#,^) 1040 4th Ave., Audubon, IA 50025 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 2/9/2028 1,013.1 1,013.1 1,053.6 0.29 %
Start "UP "Dreams, Inc dba SDC Concrete and Start"UP" Dream Constructi (#,^) 30521 134th St SE, Sultan, WA 98294 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/9/2028 53.4 53.4 55.2 0.02 %
Margab Inc dba Smoothie King (#,^) 14200 SW 8th St Unit #102, Miami, FL 33184 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/13/2028 9.2 9.2 9.4 — %
JumboMarkets, Inc. (#,^) 15500 SW Trail Dr., Indiantown, FL 34956 Food and Beverage Stores Term Loan Prime plus 2.75% 2/13/2028 149.9 149.9 154.0 0.04 %
Lulinjett LLC dba All American Printing & Design (#,^) 4621 Bayshore Rd., Fort Myers, FL 33917 Printing and Related Support Activities Term Loan Prime plus 2.75% 2/14/2043 99.8 99.8 112.6 0.03 %
Town & Country Transportation Co. (#,^) 191-193 Arch St., New Britain, CT 06051 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 2/16/2028 47.6 47.6 50.1 0.01 %
Crossfit iQ LLC (#,^) 346 Pike Rd., Bay 8 & 9, West Palm Beach, FL 33411 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/21/2028 30.7 30.7 31.5 0.01 %
Wellfleet Consulting Inc. (#,^) 2275 Research Blvd Suite 500, Rockville, MD 20850 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/21/2028 10.8 10.8 11.0 — %
Jackpine Technologies Corporation (#,^) 1 Mill & Main Pl., Suite 330, Maynard, MA 01754 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 2/22/2028 26.8 26.8 28.2 0.01 %
Carries Cakes and Catering, Inc dba Carrie's Cakes and Confections (#,^) 4308 Holland Rd., Virginia Beach, VA 23452 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/23/2028 3.4 3.4 3.5 — %
Betty's Catering Corp, Betty's Decoration & Wedding Center Inc. (#,^) 94-33 Corona Ave, Corona, NY 11373 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/26/2043 332.5 332.5 375.4 0.10 %
Merciful Heavenly Homes, LLC (#,^) 401 Dillar's Mill Rd., Tyner, NC 27980 Nursing and Residential Care Facilities Term Loan 8% 2/28/2043 62.5 62.5 58.6 0.02 %
Connie Engelbrecht (#,^) 20640 Raven Dr., Eagle River, AK 99577 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 2/28/2028 2.2 2.2 2.2 — %
The Law Offices of Samuel R Miller LLC (#,^) 7405 Lake Worth Rd., Lake Worth, FL 33467 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/28/2043 111.7 111.7 126.1 0.03 %
Urban Fitness Group LLC dba Crunch Fitness Group LLC (#,^) 2800 S IH-35, Suite 220, Round Rock, TX 78681 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/28/2028 161.8 161.8 170.3 0.05 %
Unpainted Arizona, LLC dba Westside Bowl (#,^) 2617 Mahoning Ave, Youngstown, OH 44509 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/7/2043 98.6 98.6 111.3 0.03 %
2b Mom Inc dba Mom's the Word Maternity (#,^) 3150 18th St., Suite 435, San Francisco, CA 94110 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 3/9/2028 24.2 24.2 24.6 0.01 %
50
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Dante Ultimate Cleaning Service LLC (#,^) 16969 River Park Dr, Covington, LA 70345 Administrative and Support Services Term Loan Prime plus 2.75% 3/9/2028 7.4 7.4 7.7 — %
SRG Waterfront LLC (#,^) 88 District Square SW, Washington, DC 20005 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/9/2028 212.1 212.1 216.8 0.06 %
Summit Insights Group LLC (#,^) 19 Briant Pkwy., Summit, NJ 07901 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 3/14/2028 13.8 13.8 14.0 — %
Rojenco, Inc. dba Buggy Bathe Auto Wash Lube & Detail Shoppe (#,^) 2217 Richmond Rd., Williamsburg, VA 23188 Repair and Maintenance Term Loan Prime plus 2.75% 3/15/2043 487.8 487.8 550.7 0.15 %
CTD Operations Inc (#,^) 219 Saint Nazaire Rd STE G, Broussard, LA 70518 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2028 49.0 49.0 50.3 0.01 %
Bear Bones, Inc. (#,^) 43 Libson St., Lewiston, ME 04240 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 3/15/2043 21.1 21.1 23.9 0.01 %
Rojenco II,Inc. (#,^) 4357 Shore Dr., Virginia Beach, VA 23455 Repair and Maintenance Term Loan Prime plus 2.75% 9/15/2043 72.6 72.6 81.9 0.02 %
Rojenco, Inc. dba The Buggy Bathe Auto Wash Lube & Detail Shoppe (#,^) 2217 Richmond Rd., Williamsburg, VA 23188 Repair and Maintenance Term Loan Prime plus 2.75% 9/15/2043 72.6 72.6 81.9 0.02 %
Rojenco II, Inc. (#,^) 4357 Shore Dr., Virginia Beach, VA 23455 Repair and Maintenance Term Loan Prime plus 2.75% 3/15/2043 378.2 378.2 427.0 0.12 %
Camerabots Media, LLC (#,^) 4501 Ford Ave Suite 207, Alexandria, VA 22302 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 3/16/2028 10.9 10.9 11.2 — %
Petroleum Equipment & Services, Inc (#,^) 5631 Silverado Way Unit G, Anchorage, AK 99518 Support Activities for Mining Term Loan Prime plus 2.75% 3/16/2028 182.7 182.7 192.4 0.05 %
Cest Chic Concepts, LLC dba Salon Cest Chic (#,^) 15231 Hall Station Rd. Unit 104, Bowie, MD 20721 Personal and Laundry Services Term Loan Prime plus 2.75% 3/19/2028 8.2 8.2 8.4 — %
RTSP Union LLC (#,^) 2438 Route 22 East, Union, NJ 07083 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 9/20/2028 929.5 929.5 965.1 0.26 %
Rexco Foods LLC dba Papa John's (#,^) 18640 Fm 1488 Suite C, Magnolia, TX 77354 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/20/2028 31.0 31.0 31.6 0.01 %
GeoTek Alaska, Inc (#,^) 2756 Commercial Dr., Anchorage, AK 99501 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/21/2043 611.4 611.4 690.3 0.19 %
Aque Investment Group LLC (#,^) 3838 N. Sam Houston Pkwy. E, Houston, TX 77032 Real Estate Term Loan Prime plus 2.75% 3/23/2028 193.7 193.7 203.9 0.06 %
Cable Management, LLC (#,^) 200 Pratt St., Meriden, CT 06450 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/23/2028 58.6 58.6 61.3 0.02 %
Sunshine Tents and Event Rentals LLC (#,^) 2322 SW 58th Terrace, West Park, FL 33023 Rental and Leasing Services Term Loan Prime plus 2.75% 3/23/2028 45.4 45.4 47.8 0.01 %
Shweiki Media Inc dba Study Breaks Magazine (#,^) 4954 Space Center Dr., San Antonio, TX 78218 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 3/23/2028 53.9 53.9 56.7 0.02 %
Denton BioFuels LLC and Amercian BioSource, LLC (#,^) 624 W. University Dr..#359, Denton, TX 76201 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/23/2028 70.3 70.3 72.7 0.02 %
All Regional Recyclers of Wood LLC dba ARROW (#,^) 104 Wooster St., Bethal, CT 06801 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/23/2028 95.8 95.8 99.6 0.03 %
Sofasco, Inc (#,^) 182 Garber Lane, Winchester, VA 22602 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/23/2043 94.0 94.0 106.1 0.03 %
51
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

New York Label & Box Corp (#,^) 50 Oval Dr., Islandia, NY 11749 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/23/2043 1,197.8 1,197.8 1,352.3 0.37 %
Kajun Martial Arts LLC (#,^) 36546 Mission St., Prairieville, LA 70769 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/23/2028 16.4 16.4 16.8 — %
Towing Professionals of Arizona Inc dba Shamrock Towing & All Valley I (#,^) 2801 W Osborn Rd., Phoenix, AZ 85017 Support Activities for Transportation Term Loan Prime plus 2.75% 3/26/2043 174.7 174.7 197.3 0.05 %
K.C. Communications, Inc. (#,^) 2715 Saturn St., Brea, CA 92821 Telecommunications Term Loan Prime plus 2.75% 3/27/2028 45.6 45.6 48.0 0.01 %
Lou & Choo Enterprises Inc. (#,^) 2101 West Hunting Park Ave., Philadelphia, PA 19140 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/28/2044 102.3 102.3 115.5 0.03 %
Montage Mountain Resorts, LP (#,^) 1000 Montage Mountain Rd, Scranton, PA 18505 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/28/2043 1,174.9 1,174.9 1,326.4 0.36 %
Clancy 15 LLC and Allied Molded Products LLC (#,^) 1145 13th Ave. East, Palmetto, FL 34221 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 3/28/2028 121.2 121.2 125.8 0.03 %
Clancy 15 LLC and Allied Molded Products LLC (#,^) 1145 13th Ave. East, Palmetto, FL 34221 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 3/28/2043 205.2 205.2 231.7 0.06 %
Corning Lumber Company Inc & Frank R Close & Son Inc dba True Valley C (#,^) 111 E. Laurel St., Willows, CA 95988 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/28/2028 63.8 63.8 67.2 0.02 %
Cartwright Termite & Pest Control Inc. and Cartwright Termite &Pest Co (#,^) 1376 BRd.way, El Cajon, CA 92021 Administrative and Support Services Term Loan Prime plus 2.75% 3/28/2028 162.9 162.9 169.1 0.05 %
Kaz Wellness, LLC dba Grounded Wellness Center (#,^) 104 Clover Court, Bartlett, IL 60103 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/29/2028 11.6 11.6 12.0 — %
Fifth Wheel Truck Stop 001 (#,^) 3767 S Golden State Blvd., Fresno, CA 93725 Gasoline Stations Term Loan Prime plus 2.75% 3/30/2043 1,082.5 1,082.5 1,222.1 0.33 %
Master Roofing and Siding Inc. (#,^) 1 Paragon Dr. # 122, Montvale, NJ 07645 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/30/2028 193.3 193.3 197.3 0.05 %
Romancing the Stone (#,^) 140 Centre of New England Blvd, Coventry, RI 02816 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/30/2043 327.9 327.9 370.2 0.10 %
Michael S Brown Physical Therapy, P.C (#,^) 300 Hempstead Tpke Ste. 3 & 4, Hempstead, NY 11552 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/30/2028 71.1 71.1 72.5 0.02 %
Alaska Industrial Paint LLC (#,^) 229 Whitney Rd., Unit B, Anchorage, AK 99501 Repair and Maintenance Term Loan Prime plus 2.75% 3/30/2028 91.0 91.0 96.0 0.03 %
Payne's Environmental Services LLC (#,^) 5617 Causeway Blvd, Tampa, FL 33619 Administrative and Support Services Term Loan Prime plus 2.75% 3/30/2028 165.4 165.4 172.2 0.05 %
America's Little Leaders Academy, Inc (#,^) 2570 NW 152nd Terrace, Opa-Locka, FL 33054 Social Assistance Term Loan Prime plus 2.75% 3/30/2043 21.1 21.1 23.9 0.01 %
Technical Ordnance Solutions,LLC (#,^) 9950 Business Circle, Suite 13, Naples, FL 34112 Fabricated Metal Product Manufacturing Term Loan 7.75% 3/30/2028 1,009.5 1,009.5 947.4 0.26 %
GQ Investments,LLC (#,^) 5772 Miami Lakes Dr. East, Miami, FL 33014 Electrical Equipment, Appliance, and Component Manufacturing Term Loan Prime plus 2.75% 3/30/2028 153.6 153.6 157.6 0.04 %
Alaska Industrial Paint LLC (#,^) 229 Whitney Rd. Unit B, Anchorage, AK 99501 Repair and Maintenance Term Loan Prime plus 2.75% 3/30/2043 209.6 209.6 236.6 0.06 %
Bean City Bar and Grill LLC (#,^) N 2505 Bean City Rd., New London, WI 54961 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/4/2043 43.1 43.1 48.6 0.01 %
52
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Newsome Mobile Notary LLC (#,^) 8153 12th Ave SW, Seattle, WA 98106 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/5/2028 3.9 3.9 3.8 — %
Shree Lakshminarayyn Grocery Stores LLC (#,^) 3307 Charles St., Rockford, IL 61108 Gasoline Stations Term Loan Prime plus 2.75% 4/5/2043 113.0 113.0 127.5 0.03 %
Innovation Transport LLC (#,^) 1 International Blvd., Suite 400, Mahwah, NJ 07495 Truck Transportation Term Loan Prime plus 2.75% 4/6/2028 37.9 37.9 38.9 0.01 %
Mark Baker (#,^) 1653 Evalie Dr, Fairfield, OH 45014 Truck Transportation Term Loan Prime plus 2.75% 4/9/2028 7.2 7.2 7.2 — %
Sexy Nails Center LLC (#,^) 57 Passaic St., Garfield, NJ 07026 Personal and Laundry Services Term Loan Prime plus 2.75% 4/10/2043 190.6 190.6 215.2 0.06 %
Precision Components Group Inc (#,^) 190 Doty Circle, West Springfield, MA 01089 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 4/11/2028 16.5 16.5 17.0 — %
Patricia A. Freeman & Samuel C. Freeman dba Teenas Pizza (#,^) 35 E Main St., Pekin, IN 47165 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/13/2043 39.4 39.4 44.4 0.01 %
Southern HVAC LLC (#,^) 119 Ouachita 212, Camden, AR 71701 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/17/2028 29.2 29.2 29.8 0.01 %
Southern HVAC LLC (#,^) 119 Ouachita 212, Camden, AZ 71701 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/17/2043 21.2 21.2 23.8 0.01 %
Southern Oaks Athletic Club, LLC (#,^) 15253 Shenandoah Ave., BATON ROUGE, LA 70817 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/17/2043 345.4 345.4 390.0 0.11 %
Veterinary Preventive Care, LLC (#,^) 945 Riverview Ct, Xenia, OH 45385 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/18/2028 34.5 34.5 34.6 0.01 %
Rosemarie Products Company LLC (#,^) 5400 Crooked Tree Dr., Mason, OH 45040 Health and Personal Care Stores Term Loan Prime plus 2.75% 4/18/2028 11.1 11.1 10.9 — %
James L Shoemaker APCC (#,^) 221 W Judge Perez Dr., Chalmette, LA 70043 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/18/2028 11.8 11.8 11.6 — %
Means Enterprises LLC (#,^) 4150 Legacy Dr. N Suite # 412, Frisco, TX 75034 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 4/18/2028 5.1 5.1 5.1 — %
A New Dawn Psychotherapy Associates, LLC (#,^) 308 E BRd. St, Bethlehem, PA 18018 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/18/2043 82.4 82.4 92.9 0.03 %
Spitnale's Garage LLC (#,^) 3761 Mahoning Ave, Youngstown, OH 44515 Repair and Maintenance Term Loan Prime plus 2.75% 4/20/2043 56.8 56.8 64.1 0.02 %
Just for Boats LLC (#,^) 459 Dupre Rd., McClellanville, SC 29458 Repair and Maintenance Term Loan Prime plus 2.75% 4/20/2043 16.5 16.5 18.7 0.01 %
Joe & Sons Service, Inc (#,^) 855 Atwood Ave, Cranston, RI 02920 Repair and Maintenance Term Loan Prime plus 2.75% 4/24/2028 76.3 76.3 80.0 0.02 %
RWT Corporation dba Welding Works (#,^) 32 New Rd., Madison, CT 06443 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 4/26/2028 314.7 314.7 317.8 0.09 %
Matrix Z, LLC (#,^) 800 SW 21st Terrace, Ft Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 4/26/2028 65.3 65.3 67.6 0.02 %
LMH Optics LLC dba Sterling Optical (#,^) 1272 Smallwood Dr West, Waldorf, MD 20603 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/26/2028 36.8 36.8 36.3 0.01 %
RWT Corporation dba Welding Works (#,^) 32 New Rd., Madison, CT 06443 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 4/26/2043 200.5 200.5 222.8 0.06 %
Pledge 4 Hope LLC (#,^) 53 Bayberry Loop South, Purvis, MS 39475 Data Processing, Hosting, and Related Services Term Loan Prime plus 2.75% 4/26/2028 10.4 10.4 10.3 — %
53
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

K&S Hardware LLC (#,^) 1865 W Wayzata Blvd, Long Lake, MN 55356 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 4/26/2028 16.6 16.6 16.3 — %
Rory James Contracting LLC (#,^) 33 Bennett Place, Amityville, NY 11701 Construction of Buildings Term Loan Prime plus 2.75% 4/27/2028 11.8 11.8 11.6 — %
Kastoria Inc. dba Bantam Pizza (#,^) 768 Bantam Rd., Bantam, CT 06750 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/27/2028 11.1 11.1 10.9 — %
Little Angels Daycare and Learning Center LLC (#,^) 4551 Summit Blvd., West Palm Beach, FL 33415 Social Assistance Term Loan Prime plus 2.75% 4/27/2043 151.3 151.3 170.8 0.05 %
Metropolitan Solutions Inc. (#,^) 1420 Chestnut St., Portsmouth, VA 23704 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/30/2043 166.9 166.9 185.0 0.05 %
Brenden Kehren Development LLC (#,^) 14689 Gemara Rd., Sparta, WI 54656 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/30/2028 2.2 2.2 2.2 — %
Corona Dance, LLC dba Huracan Dance Studio (#,^) 480 West Main St., Stamford, CT 06902 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 4/30/2028 8.7 8.7 8.5 — %
Saltamontes Tire Company, LLC (#,^) 1955 Boston Ave., Brodgeport, CT 06604 Repair and Maintenance Term Loan Prime plus 2.75% 4/30/2043 96.5 96.5 108.9 0.03 %
Sunlinc Inc (#,^) 170 Canterbury Court, East Windsor, NJ 08520 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/30/2028 7.2 7.2 7.1 — %
Olmsted LLC and 626 Van LLC dba Maison Yaki (#,^) 659 Vanderbilt Ave., Brooklyn, NY 11238 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/1/2029 187.1 187.1 187.4 0.05 %
Wilbur Standford Jr Trucking and Excavating, LLC (#,^) 7505 North Chases Lake Rd., Watson, NY 13343 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/3/2028 178.6 178.6 185.0 0.05 %
Container Shipping, LLC (#,^) 533 Nova Rd Suite 213B, Ormond Beach, FL 32174 Support Activities for Transportation Term Loan Prime plus 2.75% 5/4/2028 37.2 37.2 36.6 0.01 %
Schmaltz Operations LLC dba Companion Camp (#,^) 3408 Castle Rock Farm Rd., Pittsboro, NC 27312 Personal and Laundry Services Term Loan Prime plus 2.75% 5/7/2028 44.6 44.6 45.8 0.01 %
Buy Gitomer Inc., Gitgo LLC.,GitGo Archives, LLC, and Jeffrey Gitomer (#,^) 310 Arlington Ave. Unit 329, Charlotte, NC 28203 Educational Services Term Loan Prime plus 2.75% 5/9/2043 684.5 684.5 772.8 0.21 %
Baby Gentry's Childcare & Learning Academy (#,^) 4203 Shenandoah Dr., Dayton, OH 45417 Social Assistance Term Loan Prime plus 2.75% 5/10/2028 8.4 8.4 8.3 — %
Adhara, LLC (#,^) 18123 E Appleway Ave, Spokane Valley, WA 99016 Personal and Laundry Services Term Loan Prime plus 2.75% 5/11/2043 41.2 41.2 46.5 0.01 %
Daniel Woodward, DC PLLC dba Doc's Body Shop (#,^) 3084 N Goliad St., Suite 114, Rockwall, TX 75087 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/11/2028 25.3 25.3 24.9 0.01 %
Circle and Square, Inc dba Stamford Kumon (#,^) 50 Forest St. Suite 902, Stamford, CT 06901 Educational Services Term Loan Prime plus 2.75% 5/11/2028 34.5 34.5 33.9 0.01 %
James T. Hendel dba Autotexx Mobile Auto Repair (#,^) 5857 Hwy.101 North, Rockmart, GA 30153 Repair and Maintenance Term Loan Prime plus 2.75% 5/15/2028 5.6 5.6 5.8 — %
Fireplace Outlet Inc (#,^) 8216 Main St., Williamsville, NY 14221 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 5/15/2028 13.5 13.5 14.2 — %
Joshua One Limited Liability Company dba Genesis Personal Fitness (#,^) 28 North State St. Unit 100, Newtown, PA 18940 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/16/2043 302.8 302.8 341.9 0.09 %
54
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Clore Construction LLC (#,^) 21220 FM 1420, Harlingen, TX 78550 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 5/16/2028 111.4 111.4 112.6 0.03 %
On Stage Enterprises LLC, On Stage Theaters Branson, LLC, On Stage Th (#,^) 4570 W Post Rd. Suite #100, Las Vegas, NV 89118 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 5/17/2028 204.6 204.6 201.2 0.05 %
Yakov Levy M.D., P.C. (#,^) 70-31 108th St., Forest Hills, NY 11375 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/18/2028 25.1 25.1 24.9 0.01 %
Mark A Espinoza, DDS PLLC dba Central Dental Care (#,^) 9315 N Central Ave, Phoenix, AZ 85020 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/18/2028 46.9 46.9 46.1 0.01 %
Chem-Flotronics, Inc. (#,^) 195 Paterson Ave., Little Falls, NJ 07424 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 5/22/2028 74.4 74.4 74.0 0.02 %
DMA Equipment LLC (#,^) 700 Lee St., Elk Grove Village, IL 60007 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/24/2043 251.5 251.5 284.0 0.08 %
Adow Pools LLC (#,^) 393 Glenbrook Rd., Stamford, CT 06906 Personal and Laundry Services Term Loan Prime plus 2.75% 5/25/2028 129.5 129.5 128.9 0.04 %
Ocean Breeze Holdings, LLC, Ocean Beach Resort LLC & Ocean Breeze LanC (#,^) 3 Williams Ave., Mystic, CT 06355 Accommodation Term Loan Prime plus 2.75% 5/25/2043 1,245.1 1,245.1 1,405.7 0.38 %
Starship, LLC dba Tint World Smyrna (#,^) 2274 S Atlanta Rd. SE, Smyrna, GA 30080 Repair and Maintenance Term Loan Prime plus 2.75% 5/25/2043 92.9 92.9 104.9 0.03 %
Dream Spa LLC and Dream Spa Greenwich LLC (#,^) 1220 Post Rd. East, Westport, CT 06880 Personal and Laundry Services Term Loan Prime plus 2.75% 5/25/2028 81.4 81.4 80.5 0.02 %
Broadalbin Properties LLC dba Broadalbin Hotel & 1854 Pub & Eatery (#,^) 59 West Main St, Broadalbin, NY 12025 Accommodation Term Loan Prime plus 2.75% 10/25/2043 192.3 192.3 217.1 0.06 %
Crowley Ventures, LLC (#,^) 665 Worthington Rd, Westerville, OH 43082 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/29/2028 55.5 55.5 55.0 0.02 %
Awan Business Management Group LLC, Awan Sign Company lLLC &Awan Promo (#,^) 14429 South Wallin Dr., Plainfield, IL 60544 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/31/2043 260.3 260.3 293.9 0.08 %
Mastrocinque Restaurant Management Company LLC dba Santionii's Itali (#,^) 3535 Hwy. 17 Unit 14 &15, Fleming Island, FL 32003 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/1/2028 47.0 47.0 49.2 0.01 %
BTD Feed & Nutrition, LLC dba Thomaston Feed Cheshire (#,^) 943 South Main St., Cheshire, CT 06410 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 6/1/2028 34.7 34.7 34.1 0.01 %
SSD Designs LLC (#,^) 10840 Bay Hill Club Dr., Charlotte, NC 28277 Waste Management and Remediation Services Term Loan Prime plus 2.75% 6/5/2028 60.8 60.8 60.1 0.02 %
Funtime ,LLC dba Indoor Playgrounds International (#,^) 13200 West Foxfire Dr. Suite 144, Surprise, AZ 85378 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/5/2028 206.6 206.6 203.2 0.06 %
Hardway Inc and A F C Leasing, Inc (#,^) 12533 S. 73rd East Place, Bixby, OK 74008 Rental and Leasing Services Term Loan Prime plus 2.75% 6/6/2028 241.2 241.2 237.2 0.06 %
Sowells Consulting Engineers, LLC (#,^) 13430 Northwest Freeway #260, Houston, TX 77040 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/6/2028 17.5 17.5 17.3 — %
Camp K-9 Pet Resort & Spa, Inc. (#,^) 18501 Le Claire Ave., Tinley Park, IL 60478 Personal and Laundry Services Term Loan Prime plus 2.75% 6/8/2028 6.2 6.2 6.1 — %
55
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Beyond Grooming LLC and Michelle McWatters (#,^) 1200 Old Martindale Rd, San Marcos, TX 78666 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 6/8/2043 40.6 40.6 45.8 0.01 %
Icebox Cafe, L.C. and Icebox Cafe at Doral,LLC (#,^) 1855 Purdy Ave., Miami Beach, FL 33139 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/8/2028 650.7 650.7 645.8 0.18 %
Skyways LTD,Jet 60 LLC,Mendean Jonath, Inc,Jet AOG, Inc & Jonathan Men (#,^) 426 15th St. NW, Huron, SD 57350 Support Activities for Transportation Term Loan Prime plus 2.75% 6/8/2043 365.3 365.3 412.4 0.11 %
Mastiff Studios LLC (#,^) 2919 West Colorado Ave., Colorado Springs, CO 80904 Educational Services Term Loan Prime plus 2.75% 6/13/2043 40.4 40.4 45.6 0.01 %
E & J Sims Co. LLC (#,^) 28 BRd. St., Bloomfield, NJ 07003 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/14/2028 37.5 37.5 37.6 0.01 %
Tele Tax Express Inc (#,^) 166 Getty Ave, Paterson, NJ 07503 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/14/2028 16.9 16.9 17.5 — %
Team Sandy Blanton Realty, Inc (#,^) 1225 West Gregory St, Pensacola, FL 32502 Real Estate Term Loan Prime plus 2.75% 6/14/2043 92.0 92.0 103.4 0.03 %
Softrol Systems Inc dba Softrol Systems (#,^) 1100 Northpoint Pkwy SE, Acworth, GA 30102 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 6/15/2028 662.2 662.2 655.9 0.18 %
Oil Palace Inc. (#,^) 10408 Hwy. 64 East, Tyler, TX 75707 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 9/15/2043 137.4 137.4 155.1 0.04 %
Dianne Williams and Louis Williams dba Sweetlips Store (#,^) 3870 Sweet Lips Rd, Henderson, TN 38340 Food and Beverage Stores Term Loan Prime plus 2.75% 6/15/2043 43.7 43.7 49.3 0.01 %
Venzix Ventures Inc. dba Venzix (#,^) 750 Legend Oak Dr., Fountain, CO 80817 Nonstore Retailers Term Loan Prime plus 2.75% 6/15/2028 8.4 8.4 8.7 — %
Schumacker Recreation, LLC (#,^) 5325 S University Dr., Davie, FL 33328 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/18/2028 114.0 114.0 119.5 0.03 %
Allen Theatre and Back Stage Cafe LLC (#,^) 36 East. Main St., Annville, PA 17003 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 6/18/2043 119.0 119.0 134.3 0.04 %
Jones Roger Sherman Inn, Inc. (#,^) 195 Oenoke Ridge, New Canaan, CT 06840 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/19/2028 358.7 358.7 376.0 0.10 %
Colovic Hackettstown Dairy LLC (#,^) 22 Route 57, Hackettstown, NJ 07840 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/19/2043 259.5 259.5 293.0 0.08 %
Mid America Motorworks, Inc and Yager Holdings L.P (#,^) 2900 North 3rd St., Effingham, IL 62401 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/19/2043 266.9 266.9 301.3 0.08 %
Independent Life LLC (#,^) 4955 S Durango Dr., Suite124, Las Vegas, NV 89113 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/21/2028 39.6 39.6 38.9 0.01 %
York Woods Tree Service, LLC dba York Woods Tree and Products, LLC (#,^) 300 Harold Dow Hwy., Elliot, ME 03903 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/21/2043 229.9 229.9 259.6 0.07 %
York Woods Tree Service, LLC dba York Woods Tree and Products, LLC (#,^) 300 Harold Dow Hwy., Eliot, ME 03903 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/21/2028 107.0 107.0 110.5 0.03 %
The Desert House Assisted Living ,LLC dba The Desert House Assisted Li (#,^) 11055 E Grove St, Mesa, AZ 85208 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 6/22/2043 74.3 74.3 83.9 0.02 %
56
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Mr. Lube, Inc (#,^) 721 E Westpoint Dr.., Wasilla, AK 99654 Repair and Maintenance Term Loan Prime plus 2.75% 6/22/2043 654.6 654.6 737.2 0.20 %
Mr. Lube, Inc. (#,^) 721 E. West Point Dr., Wasilla, AK 99654 Repair and Maintenance Term Loan Prime plus 2.75% 6/22/2028 516.8 516.8 526.7 0.14 %
Martha Beauty Supply And Braiding, Inc. (#,^) 538 E Boughton Rd., Bolingbrook, IL 60440 Personal and Laundry Services Term Loan Prime plus 2.75% 6/22/2043 131.5 131.5 148.5 0.04 %
Sushi Prime, LLC and Vasilia Investments (#,^) 32 SE 2nd Ave, Delray Beach, FL 33444 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/22/2028 206.1 206.1 208.3 0.06 %
Sun Pools, Inc (#,^) 130 Holiday LN, Albany, KY 42602 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 6/25/2043 289.0 289.0 320.2 0.09 %
DPF Filters Inc. (#,^) 2832 Golden State Blvd., Madera, CA 93637 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/25/2028 51.7 51.7 51.4 0.01 %
Sun Pools, Inc dba Sun Fiberglass Pools (#,^) 130 Holiday Lane, Albany, KY 42602 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 6/25/2028 586.9 586.9 587.5 0.16 %
Bengals, Inc. dba Royal Liquor Mart (#,^) 3714 E State St., Rockford, IL 61108 Food and Beverage Stores Term Loan Prime plus 2.75% 6/26/2043 100.3 100.3 113.3 0.03 %
Peter Thomas Roth Labs LLC, & June Jacobs Labs, LLC, (#,^) 460 Park Ave., Floor 16, New York, NY 10022 Health and Personal Care Stores Term Loan Prime plus 2.75% 6/26/2028 694.8 694.8 693.2 0.19 %
National Dredging Services of North Florida, Inc. (#,^) 1537 Northwest Main Blvd., Lake City, FL 32055 Repair and Maintenance Term Loan Prime plus 2.75% 6/27/2043 27.2 27.2 30.8 0.01 %
Nick's Country Kitchen, LLC (#,^) 3 Flanders RD, Building #1, Bethlehem, CT 06751 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/27/2028 16.9 16.9 16.8 — %
Darnoc Enterprises Inc, Setira Paul Inc dba Conrad's Famous Bakery, In (#,^) 299 Utica Ave., Brooklyn, NY 11203 Food Manufacturing Term Loan Prime plus 2.75% 6/27/2043 337.0 337.0 380.4 0.10 %
National Dredging Services of North Florida, Inc. (#,^) 1537 Northwest Main Blvd., Lake City, FL 32055 Repair and Maintenance Term Loan Prime plus 2.75% 6/27/2028 40.3 40.3 42.3 0.01 %
Corptek Solutions LLC (#,^) 2363 N. Hwy. # 287 Ste # 111, Mansfield, TX 76063 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/28/2028 35.7 35.7 35.1 0.01 %
Critter Cabana, LLC dba Critter Cabana (#,^) 516 East Main St., Newberg, OR 97132 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 6/28/2028 50.8 50.8 50.0 0.01 %
M J Losito Electrical Contractor's, Inc (#,^) 98 Wooster St., Bethel, CT 06801 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/29/2028 17.2 17.2 17.4 — %
Bio-Haz Solutions, Inc. (#,^) 23 Tonoli Rd., Nesquehoning, PA 18240 Waste Management and Remediation Services Term Loan Prime plus 2.75% 5/29/2044 352.5 352.5 395.2 0.11 %
Bio-Haz Solutions, Inc (#,^) 23 Tonolli Rd., Nesquehoning, PA 18240 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/29/2029 201.4 201.4 210.1 0.06 %
US Cargo Express, LLC (#,^) 4735 22 Mile Rd., Utica, MI 48317 Support Activities for Transportation Term Loan Prime plus 2.75% 7/2/2043 79.9 79.9 90.2 0.02 %
Vital Inspection Professionals, Inc. dba VIP (#,^) 180 Airpark Industrial Rd, Alabaster, AL 35007 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/3/2028 235.9 235.9 242.9 0.07 %
Smoove Move Productions, LLC dba Smoove Move Productions (#,^) 3932 North 16th St., Omaha, NE 68110 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 7/12/2028 8.1 8.1 8.6 — %
Mother's Cantina LLC dba Mother's Cantina (#,^) 2810 Philadephia Ave. Unit #10, Ocean City, MD 21842 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/13/2028 52.1 52.1 51.8 0.01 %
57
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Smart-tel Communications LLC (#,^) 9720 W. Colfax Ave. Suite 100, Lakewood, CO 80215 Administrative and Support Services Term Loan Prime plus 2.75% 7/13/2028 16.0 16.0 16.8 — %
HQTRONICS LLC (#,^) 10135 South Roberts Rd Suite 209, Palos Hills, IL 60465 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 7/13/2028 47.4 47.4 46.7 0.01 %
ZA Trucking LLC (#,^) 5945 York Way, East Lansing, MI 48823 Truck Transportation Term Loan Prime plus 2.75% 7/17/2028 4.0 4.0 4.2 — %
674 Club LLC (#,^) 674 N Orleans, Chicago, IL 60654 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/17/2043 253.2 253.2 285.9 0.08 %
TR Nails, LLC dba Simple Nails (#,^) 158 Great Rd., Bedford, MA 01730 Personal and Laundry Services Term Loan Prime plus 2.75% 7/20/2028 47.3 47.3 46.6 0.01 %
Relevant Elephant ,LLC (#,^) ON320 Woodvale St, Winfield, IL 60190 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/25/2028 4.2 4.2 4.1 — %
Nunez Enterprises Corporation dba La Casa (#,^) 3330 Piedmont RD NE, Atlanta, GA 30305 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 7/26/2028 5.4 5.4 5.3 — %
CSL Services Inc (#,^) 7905 Browning Rd, Ste.312,314,316, Pennsauken, NJ 08109 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/27/2028 415.1 415.1 420.4 0.11 %
Accel Compression Inc., Accel Workover Services, Inc (#,^) 4500 S Country Rd., Odessa, TX 79765 Rental and Leasing Services Term Loan Prime plus 2.75% 8/1/2043 289.5 289.5 326.9 0.09 %
Samy Optical LLC dba Site for Sore Eyes (#,^) 1350 Travis Blvd Suite 1507A, Fairfield, CA 94533 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/1/2028 76.7 76.7 75.6 0.02 %
Accel Compression Inc., Accel Workover Services Inc. dba Mica Tool & T (#,^) 4500 S. Country Rd. 1310, Odessa, TX 79765 Rental and Leasing Services Term Loan Prime plus 2.75% 8/1/2028 388.4 388.4 399.2 0.11 %
Millwork Unlimited, Incorporated (#,^) 8264 Pine Cay Rd., Wellington, FL 33414 Wholesale Electronic Markets and Agents and Brokers Term Loan Prime plus 2.75% 8/2/2028 5.7 5.7 5.7 — %
Ron's Pool and Spa Services LLC (#,^) 1419 NE 30th St., Pompano, FL 33064 Personal and Laundry Services Term Loan Prime plus 2.75% 8/3/2028 2.9 2.9 2.8 — %
Alma Jacobsen,ODD Family Eye Care & Contact Lens LLC (#,^) 1700 Nottingham Way Ste 12A, Hamilton, NJ 08619 Health and Personal Care Stores Term Loan Prime plus 2.75% 8/3/2028 46.0 46.0 45.7 0.01 %
20th Century Lanes, Inc dba West Seattle Bowl (#,^) 4505 39 Ave. SW, Seattle, WA 98116 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/3/2028 89.7 89.7 92.8 0.03 %
Mercedes Cab Company, Inc (#,^) 35 Alden St., Province Town, MA 02657 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 8/7/2028 99.5 99.5 99.5 0.03 %
CJNR, LLC (#,^) 208 East Main St., Elma, WA 98541 Accommodation Term Loan Prime plus 2.75% 8/7/2043 115.3 115.3 130.2 0.04 %
Palanuk & Associates, Inc.dba Wolfpk (#,^) 28110 SE Fern Dr., Boring, OR 97009 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/8/2028 78.4 78.4 77.5 0.02 %
David D. Sullivan dba DMS Construction (#,^) 6400 Charwood Place, Bakersfield, CA 93306 Specialty Trade Contractors Term Loan 6% 8/9/2028 10.6 10.6 9.5 — %
Crystal Shores Inc. dba Shorewood Laundromat (#,^) 700 West Jefferson St., Shorewood, IL 60404 Personal and Laundry Services Term Loan Prime plus 2.75% 8/9/2028 17.1 17.1 17.2 — %
Pamletics LLC dba F45 (#,^) 22015 IH 10 West, San Antonio, TX 78257 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 11/14/2028 34.3 34.3 34.6 0.01 %
58
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

GS Bath Inc (#,^) 5335 E Kaviland Ave., Fresno, CA 93725 Truck Transportation Term Loan Prime plus 2.75% 8/15/2028 432.0 432.0 450.6 0.12 %
ATI Jet, Inc. (#,^) 7007 Boeing Dr., El Paso, TX 79925 Air Transportation Term Loan Prime plus 2.75% 8/16/2028 153.3 153.3 157.7 0.04 %
Lewins Law, P.C. (#,^) 7920 Belt Line Rd Suite 650, Dallas, TX 75254 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/16/2028 13.8 13.8 13.6 — %
GeoTek Alaska, Inc (#,^) 2756 Commercial Dr., Anchorage, AK 99501 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/17/2044 121.2 121.2 136.8 0.04 %
Ginekis Enterprises, Inc dba Locanda Veneta (#,^) 8638 W Third St., Los Angeles, CA 90048 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/20/2028 69.0 69.0 68.2 0.02 %
Buffalo Biodiesel Inc. (#,^) 225 Sawyer Ave., Tonawanda, NY 14150 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 8/21/2028 1,026.0 1,026.0 1,065.2 0.29 %
Zash LLC dba Papa Murphy's take 'N' Bake Pizza (#,^) 2303 White Bear Ave, Maplewood, MN 55025 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/23/2028 32.3 32.3 32.6 0.01 %
Wearware Inc dba FlyWire Cameras (#,^) 2204 Blackmoor Park Lane, Lexington, KY 40509 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 8/24/2028 17.2 17.2 17.1 — %
Atlas Geo-Constructors LLC (#,^) 3466 Thomasville Rd. Winston, Winston-Salem, NC 27107 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/24/2028 61.8 61.8 64.2 0.02 %
Finn & Emma LLC (#,^) 1275 Bloomfield Ave. Building 5 Unit 28B, Fairfield, NJ 07004 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 8/24/2028 95.0 95.0 93.6 0.03 %
Montana Life Group, LLC (#,^) 8 N 9th Ave., Bozeman, MT 59715 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 8/24/2028 5.7 5.7 5.7 — %
Graphish Studio, Inc. (#,^) 231 Main St., Stamford, CT 06901 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/28/2028 5.7 5.7 5.7 — %
JFK Transportation Inc (#,^) 4 Mechanic St, Natick, MA 01760 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 8/28/2028 115.5 115.5 114.8 0.03 %
Kotyark LLC dba Gibsonton Motel (#,^) 11545 US Hwy. 41S, Gibsonton, FL 33534 Accommodation Term Loan Prime plus 2.75% 8/29/2043 78.2 78.2 88.2 0.02 %
Extreme Engineering, Inc. (#,^) 598 Oliver Dr, Troy, MI 48084 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/29/2028 95.6 95.6 94.6 0.03 %
Greenfield Hill Wines & Spirits, LLC (#,^) 65 Hillside Rd., Fairfield, CT 06824 Food and Beverage Stores Term Loan Prime plus 2.75% 8/29/2028 70.4 70.4 69.7 0.02 %
ARVAmethod LLC (#,^) 516 N Ogden Ave. # 150, Chicago, IL 60642 Personal and Laundry Services Term Loan Prime plus 2.75% 8/29/2028 1.8 1.8 1.8 — %
Stat Constructor L.P (#,^) 9573 US Hwy. 220, Stoneville, NC 27048 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/30/2028 88.1 88.1 92.5 0.03 %
XL Soccer World Orlando. LLC, XL Soccer World Saco LLC, XL Sports Worl (#,^) 825 Courtland St., Orlando, FL 32804 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/30/2043 426.3 426.3 481.3 0.13 %
Living Centers Inc. dba Veranda House Senior Living (#,^) 5129 E 5th St, Katy, TX 77493 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 8/31/2043 399.5 399.5 451.1 0.12 %
Trolley Express Philly, Inc dba Shuttlebee &Honeybee Transportation LL (#,^) 3401 Market St. Suite 200, Philadelphia, PA 19104 Support Activities for Transportation Term Loan Prime plus 2.75% 9/6/2028 6.7 6.7 6.7 — %
59
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Pool Guard of LA (#,^) 10866 Washington Blvd, Apartment #24, Culver City, CA 90232 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/7/2028 17.4 17.4 17.2 — %
Asheville Spine and Nerve Institute PC (#,^) 190 BRd.way St Ste 205, Asheville, NC 28801 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/7/2043 85.4 85.4 96.4 0.03 %
Pelican Executives Suites, LLC (#,^) 2200 Colorado Ave. Sutie 131, Santa Monica, CA 90404 Administrative and Support Services Term Loan Prime plus 2.75% 9/7/2028 262.6 262.6 258.9 0.07 %
MurlinComputerCompany LLC dba Murlin Computer, (#,^) 1014 Thompson Blvd Suite 38B, Sedalia, MO 65301 Repair and Maintenance Term Loan Prime plus 2.75% 9/7/2028 12.0 12.0 12.0 — %
Rancho Paving, Inc (#,^) 339 Cypress Lane, El Cajon, CA 92020 Repair and Maintenance Term Loan Prime plus 2.75% 9/10/2028 146.2 146.2 152.0 0.04 %
Underground Productions LLC dba 31 Escape (#,^) 1731 Decatur Hwy, Fultandale, AL 35068 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/13/2043 93.8 93.8 105.9 0.03 %
Innovative Network Solutions Inc (#,^) 31567 West 10 Mile Rd., Farmington Hills, MI 48336 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/13/2028 97.0 97.0 96.8 0.03 %
L&M Equipment, Inc (#,^) Mile 2.5 Alaska Peninsula Hwy., Naknek, AK 99633 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/14/2043 1,186.0 1,186.0 1,338.9 0.37 %
Baby's on Broadway LLC (#,^) 47 East BRd.way, Little Falls, MN 56345 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 9/14/2028 38.7 38.7 39.3 0.01 %
Innovim LLC (#,^) 6401 Golden Triangle Dr. Suite 200, Greenbelt, MD 20770 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/14/2028 85.1 85.1 83.9 0.02 %
J & C Garcia LLC (#,^) 26 BRd. St., Alexander City, AL 35010 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/14/2028 57.1 57.1 56.9 0.02 %
Rihahn Inc. dba RDBL, Inc (#,^) 1397 McGuire Rd., Lamar, AR 72846 Forestry and Logging Term Loan Prime plus 2.75% 9/14/2028 115.0 115.0 116.5 0.03 %
QBS, LLC dba Sterling Optical Exton (#,^) 211 W Lincoln Hwy, Exton, PA 19341 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/14/2028 62.7 62.7 62.1 0.02 %
Glendale Grill Inc, Roddy Cameron, Jr & John K Symasko (#,^) 65 Glendale St., Easthampton, MA 01027 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/17/2043 166.0 166.0 187.5 0.05 %
Pastel de Feira LLC dba Original Pastel De Feira (#,^) 4244 Pine Ridge CT, Weston, FL 33331 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/17/2028 4.7 4.7 4.8 — %
Culmination Motorsports, Inc. (#,^) 160 W 91st Ave., Unit B, Anchorage, AK 99515 Repair and Maintenance Term Loan Prime plus 2.75% 9/17/2043 530.8 530.8 599.3 0.16 %
DB Talak LLC (#,^) 2018 SE 6th Ave., Portland, OR 97214 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/18/2043 147.2 147.2 166.2 0.05 %
E & G Enterprises LLC dba Comfort Keepers (#,^) 220 Middle St., Franklin, VA 23851 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/18/2028 4.6 4.6 4.6 — %
Watearth Inc (#,^) 445 South Figuerora Suite 3128, Los Angeles, CA 90071 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/19/2028 17.4 17.4 17.1 — %
C3 Capital, Inc (#,^) 10010 N. Hampton Cove Lane, Indianapolis, IN 46236 Nonstore Retailers Term Loan Prime plus 2.75% 9/19/2028 489.6 489.6 505.5 0.14 %
M&P RV LLC dba M&P RV (#,^) 10 Century Lane, Dillsburg, PA 17019 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 9/19/2043 103.0 103.0 116.3 0.03 %
60
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Super Station Inc (#,^) 8855 N Country Rd. 25A, Pique, OH 45356 Gasoline Stations Term Loan Prime plus 2.75% 9/19/2043 199.0 199.0 224.7 0.06 %
Dash Point Distributing LLC, Dash Point Logistics LLC and Sara Consal (#,^) 35000 Pacific Hwy., Federal Way, WA 98003 Truck Transportation Term Loan Prime plus 2.75% 9/19/2028 406.5 406.5 400.7 0.11 %
D & D Optics Inc dba Sterling Optical (#,^) 1487 East LaSalle Dr., Bismark, ND 58503 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/21/2028 41.9 41.9 41.7 0.01 %
DC Lofty, LLC, (#,^) 301 I St. NW, Washington, DC 20001 Accommodation Term Loan Prime plus 2.75% 9/21/2028 17.4 17.4 17.2 — %
MillClem Corporation & Monticello Corporation (#,^) 16660 Oak St., Dillwyn, VA 22936 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 9/21/2043 314.2 314.2 354.8 0.10 %
Southern Services and Equipment, Inc. (#,^) 321 Bayou Rd, Saint Bernard, LA 70085 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/21/2043 200.3 200.3 225.6 0.06 %
Southern Services and Equipment, Inc (#,^) 321 Bayou Rd, Saint Bernard, LA 70085 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/21/2028 333.4 333.4 341.0 0.09 %
The Garden Club, LLC (#,^) 125 South DuBuque St., Iowa City, IA 52240 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/21/2028 5.1 5.1 5.0 — %
Phillip Ramos Upholstery Inc. (#,^) 3835 Elm St., Denver, CO 80207 Repair and Maintenance Term Loan Prime plus 2.75% 9/24/2028 11.9 11.9 11.8 — %
Bhatti LLC, Bhatti 3 LLC, dba Auntie Annes (#,^) 7219 Silver Mist Ave, North Chesterfield, VA 23237 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/25/2028 96.6 96.6 96.8 0.03 %
Dentistry By Design, P.C (#,^) 315 Walt Whitman Rd. Suite 204-205, South Huntington, NY 11746 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/26/2028 11.6 11.6 11.6 — %
Above and Beyond Preschool LLC (#,^) 672-678 Camellia Dr., Royal Palm Beach, FL 33411 Social Assistance Term Loan Prime plus 2.75% 9/26/2043 525.0 525.0 592.7 0.16 %
Ace Auto Recovery, Inc. (#,^) 1209 North Lane Ave., Jacksonville, FL 32254 Administrative and Support Services Term Loan Prime plus 2.75% 9/26/2043 152.3 152.3 172.0 0.05 %
LTS School, Inc. (#,^) 3731 NW 9th Ave., Deerfield Beach, FL 33064 Educational Services Term Loan Prime plus 2.75% 9/26/2043 96.1 96.1 108.5 0.03 %
Quality Electric & Data (#,^) 85 Franklin Rd Unit 9B, Dover, NJ 07801 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/27/2028 76.9 76.9 78.9 0.02 %
LG Law Center, Inc (#,^) 15452 Amar Rd., La Puente, CA 91744 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/27/2028 11.6 11.6 11.6 — %
Blackwater Diving, LLC (#,^) 112 Forrest Rd., Morgan City, LA 70380 Support Activities for Mining Term Loan Prime plus 2.75% 9/27/2028 617.7 617.7 616.5 0.17 %
Blue Seven, LLC (#,^) 11111 San Jose Blvd, Suite 70, Jacksonville, FL 32223 Personal and Laundry Services Term Loan Prime plus 2.75% 1/27/2029 47.1 47.1 47.4 0.01 %
TFR Transit Inc, The Free Ride Inc, South Florida Free Ride Inc.,Tag-A (#,^) 777 South Flagler Dr. Suite 800W, West Palm Beach, FL 33401 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 9/27/2028 96.5 96.5 98.3 0.03 %
Catherine Brandon, PSY.D., Inc dba Kenneth A Deluca, PH.D., & Associat (#,^) 35888 Center Ridge Rd., Suite 5 & 6, North Ridgeville, OH 44039 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/27/2028 91.5 91.5 90.4 0.02 %
Quality Electric & Data Inc. (#,^) 85 Franklin RD Unit 9B, Dover, NJ 07801 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/27/2043 123.2 123.2 139.1 0.04 %
Action Barricade Company, LLC and Barricade Holding LLC (#,^) 1802 N 27th Ave, Phoenix, AZ 85009 Rental and Leasing Services Term Loan Prime plus 2.75% 9/27/2028 233.5 233.5 240.2 0.07 %
61
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

SwabCo Inc. (#,^) 2341 East Ellis St., Leveland, TX 79336 Support Activities for Mining Term Loan Prime plus 2.75% 9/28/2043 908.2 908.2 1,025.3 0.28 %
La Venezia Corporation dba La Venezia Ballroom & Robertos Lounge (#,^) 4646 SE 11th Place, Cape Coral, FL 33904 Food and Beverage Stores Term Loan Prime plus 2.75% 9/28/2043 314.8 314.8 355.4 0.10 %
JAM Media Solutions LLC (#,^) 11 Netherwood Terrace, East Orange, NJ 07017 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/28/2028 768.2 768.2 766.7 0.21 %
A-1 Van Sevices, Inc. (#,^) 154 Sandy Creek Rd., Verona, PA 15147 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 9/28/2028 82.3 82.3 85.1 0.02 %
Rami Technology USA, LLC (#,^) 10400 NW 33rd St., Miami, FL 33172 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 9/28/2028 139.3 139.3 137.9 0.04 %
Burd Brothers Inc. (#,^) 4005 Borman Dr., Batavia, OH 45103 Truck Transportation Term Loan Prime plus 2.75% 9/28/2028 409.6 409.6 419.9 0.11 %
Throop Family Holdings, Inc (#,^) 7130 Crater Lake, White City, OR 97603 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/28/2043 611.2 611.2 690.1 0.19 %
Moore Care LLC (#,^) 8550 United Plaza Blvd., Baton Rouge, LA 79809 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/4/2028 40.6 40.6 40.1 0.01 %
Apps Inc and Market Share Inc. (#,^) 80 Main St., Old Saybrook, CT 06475 Telecommunications Term Loan Prime plus 2.75% 10/5/2028 69.9 69.9 69.0 0.02 %
Wellfleet Consulting Inc. (#,^) 2275 Research Blvd Suite # 500, Rockville, MD 20850 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/9/2028 11.7 11.7 11.6 — %
Faydon, Inc (#,^) 1905 W Baker St., Suite A, Plant City, FL 33567 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 10/10/2028 58.7 58.7 61.8 0.02 %
MB Click It Photography, LLC (#,^) 100 Manchester Ranch Place, Aynor, SC 29511 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/10/2043 36.5 36.5 41.2 0.01 %
Cater To You Agency, LLC, dba Cater To You (#,^) 1319 Sherrick Rd. SE, Canton, OH 44707 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/11/2043 21.5 21.5 24.2 0.01 %
Shovels and Whiskey LLC (#,^) 446 SE Washington St, Hillsboro, OR 97123 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 10/16/2043 73.0 73.0 82.4 0.02 %
Bellas Sports Pub, Inc dba Brewmasters Tavern (#,^) 1152 Main St., Coventry, RI 02816 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/24/2043 66.1 66.1 74.6 0.02 %
The Face Place, LLC dba Classic Aesthetics (#,^) 4268 Cahaba Heights CT Suite 115, Vestavia, AL 35243 Personal and Laundry Services Term Loan Prime plus 2.75% 10/25/2028 7.8 7.8 7.8 — %
Ohio Gold & Pawn LLC, Our New Building LLC and Corey Fischer (#,^) 3970 Everhard Rd., NW, Canton, OH 44709 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 10/26/2028 115.1 115.1 121.1 0.03 %
C.A.T.I. Armor, LLC (#,^) 435 Packard Hwy, Charlotte, MI 48813 Apparel Manufacturing Term Loan Prime plus 2.75% 10/30/2043 200.6 200.6 226.4 0.06 %
Organic Juice Bar Wexford LLC dba The OJB "The Organic Juice Bar" (#,^) 1500 Village Run Rd., Wexford, PA 15090 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/30/2029 64.8 64.8 64.6 0.02 %
UK, LLC dba Pita Pit (#,^) 20038 West Valley HWY, Kent, WA 98032 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/30/2029 49.3 49.3 49.4 0.01 %
Steele Security, LLC dba Signal 88 Security of San Antonio (#,^) 11230 West Ave., Suite 2210, San Antonio, TX 78213 Administrative and Support Services Term Loan Prime plus 2.75% 10/31/2028 86.9 86.9 86.2 0.02 %
Abington Caregivers, LLC (#,^) 7804 Montgomery Ave Unit 3-6, Elkins Park, PA 19027 Social Assistance Term Loan Prime plus 2.75% 11/30/2043 119.9 119.9 135.4 0.04 %
62
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Peter Thomas Roth Labs LLC and June Jacobs Labs, LLC (#,^) 460 Park Ave., Floor 16, New York, NY 10022 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/1/2028 256.5 256.5 253.3 0.07 %
Modutech Marine Inc (#,^) 2218 Marine View Dr., Tacoma, WA 98422 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 12/1/2028 296.1 296.1 311.7 0.09 %
Vancole Investments, Inc. dba Smoothie King #913 (#,^) 876 Virginia Ave., Hapeville, GA 30354 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/7/2044 399.3 399.3 450.8 0.12 %
McNeill Stokes (#,^) 5372 Whitehall Pl SE, Mableton, GA 30126 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/8/2028 5.3 5.3 5.3 — %
Salon Femi LLC (#,^) 1107 BRd. St., Bloomfield, NJ 07003 Personal and Laundry Services Term Loan Prime plus 2.75% 12/9/2028 5.9 5.9 6.1 — %
US Dedicated LLC (#,^) 13410 SE 26th Circle, Vancouver, WA 98683 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/9/2028 370.6 370.6 368.6 0.10 %
Schafer Fisheries Inc. (#,^) 21985 Waller Rd, Fulton, IL 61252 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/14/2028 42.4 42.4 44.6 0.01 %
Saunders Management LLC dba Northern Light Espresso Bar and Cafe (#,^) 536 Spruce St, Scranton, PA 18503 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/16/2028 31.9 31.9 33.6 0.01 %
Cali Fit Meals (#,^) 3450 East Orangethrope Ave., Anaheim, CA 92806 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/16/2028 49.4 49.4 48.8 0.01 %
Cocomo Joe's LLC (#,^) 3949 New Rd., Youngstown, OH 44515 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/16/2028 0.5 0.5 0.5 — %
Beau & HB Inc dba Beau's Billard, Bowling & Arcade (#,^) 100 Village RD, Port Lavaca, TX 77979 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/16/2043 67.4 67.4 76.1 0.02 %
Beau & HB Inc dba Beau's Billiard, Bowling & Arcade (#,^) 100 Village Rd., Port Lavaca, TX 77979 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/16/2029 35.1 35.1 36.6 0.01 %
K & A Automotive Inc (#,^) 2070 Nooseneck Hill Rd, Coventry, RI 02816 Gasoline Stations Term Loan Prime plus 2.75% 11/19/2043 116.5 116.5 131.6 0.04 %
High Desert Transport, Inc. (#,^) 2973 Via Meridiana, Henderson, NV 89012 Truck Transportation Term Loan Prime plus 2.75% 12/19/2028 59.0 59.0 59.2 0.02 %
On Call Electrical of Georgia LLC (#,^) 2120 Plaster Bridge Rd NE, Atlanta, GA 30324 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/20/2043 626.8 626.8 707.7 0.19 %
Commonwealth Warehouse Inc (#,^) 11013 Kenwood Rd., Cincinnati, OH 45242 Warehousing and Storage Term Loan Prime plus 2.75% 12/20/2028 334.0 334.0 340.5 0.09 %
M.A.W. Enterprises LLC dbaY-Not Pizza (#,^) 45 E Main St., New Palestine, IN 46163 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/21/2028 17.8 17.8 18.0 — %
Best Global Alternative North, LLC (#,^) 69 Lewis Ave, Atlantic Beach, NY 11509 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/21/2028 31.1 31.1 30.7 0.01 %
BEK Holdings LLC, Veseli Fine Art Galleries, LLC, Trusted.com LLC, Exe (#,^) 12930 Worldgate Dr., Herndon, VA 20170 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2028 1,017.4 1,017.4 1,070.9 0.29 %
Thames Aquatic Club, LLC (#,^) 14 Iron St., Ledyard, CT 06339 Educational Services Term Loan Prime plus 2.75% 10/21/2029 37.0 37.0 39.2 0.01 %
Sky Wonder Pyrotechnics, LLC dba Sky Wonder Fire and Safety Gear Up Te (#,^) 3626 CR 203, Liverpool, TX 77577 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 11/28/2043 419.9 419.9 474.0 0.13 %
True Love Christian Academy LLC (#,^) 466 E Raines Rd, Memphis, TN 38109 Social Assistance Term Loan Prime plus 2.75% 12/28/2043 40.1 40.1 45.2 0.01 %
63
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Level Up Gaming, Inc (#,^) 1132 Creighton Rd., Pensacola, FL 32504 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 11/28/2043 85.8 85.8 96.8 0.03 %
Extreme Granite Corp (#,^) 251 NW 1st St., Deerfield Beach, FL 33441 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/28/2043 178.9 178.9 202.0 0.06 %
Albert M Quashie, DDS, PC (#,^) 3331 Toledo Terrace Suite 308, Hyattsville, MD 20782 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/29/2028 69.1 69.1 70.9 0.02 %
JJB Production LLC (#,^) 458 N 7th St., Newark, NJ 07107 Administrative and Support Services Term Loan Prime plus 2.75% 12/29/2028 5.8 5.8 5.8 — %
Albert M. Quashie, DDS, PC (#,^) 3331 Toledo Terrace Suite 308, Hyattsville, MD 20782 Ambulatory Health Care Services Term Loan Prime plus 2.75% 11/29/2043 62.1 62.1 70.1 0.02 %
Hernando Beach Motel LLC,The Purple Cow House o APancake AInc. (#,^) 4291 Shoal Line Blvd., Hernando Beach, FL 34607 Accommodation Term Loan Prime plus 2.75% 11/30/2043 214.6 214.6 242.3 0.07 %
Cabrera's Auto Services LLC (#,^) 2206 N Central Ave, Chicago, IL 60639 Repair and Maintenance Term Loan Prime plus 2.75% 11/30/2043 77.4 77.4 87.3 0.02 %
Water Station Holdings LLC (#,^) 1104 N Keystone Ave., Indianapolis, IN 46201 Nonstore Retailers Term Loan Prime plus 2.75% 12/30/2028 521.3 521.3 535.2 0.15 %
Microplex Co, Third Market LLC (#,^) 244 Spokane Ave, Whitefish, MT 59937 Food and Beverage Stores Term Loan Prime plus 2.75% 12/30/2028 130.2 130.2 128.8 0.04 %
Luxury Furniture, Inc.dba Venicasa & Luxe Home Interiors (#,^) 13762 W State Rd 84, Davie, FL 33325 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/30/2028 98.7 98.7 102.9 0.03 %
Tammy's Place LLC (#,^) 235 North Mosby Ave., Littleton, NC 27850 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/30/2044 421.3 421.3 475.7 0.13 %
York Concrete Corp (#,^) 1 Plumb CT., Huntington Station, NY 11746 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/3/2043 188.5 188.5 212.8 0.06 %
Swantown Inn and Spa, LLC (#,^) 1431 11th Ave. SE, Olympia, WA 98501 Accommodation Term Loan Prime plus 2.75% 1/3/2029 10.7 10.7 11.3 — %
Access Staffing, LLC (#,^) 360 Lexington Ave. 8th Floor, New York, NY 10017 Administrative and Support Services Term Loan Prime plus 2.75% 1/4/2029 154.6 154.6 153.0 0.04 %
The Altitude Group LLC (#,^) 949 A Clint Moore Rd., Boca Raton, FL 33487 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/4/2029 112.4 112.4 111.4 0.03 %
Consulting Solutions, Inc and Mark Luciani (#,^) 3000 N Federal Hwy., Ste 1, Fort Lauderdale, FL 33306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/5/2029 45.7 45.7 45.2 0.01 %
Unique Home Solutions Inc. and Unique Home Solutions of Ohio (#,^) 5550 Progress Rd., Indianapolis, IN 46241 Construction of Buildings Term Loan Prime plus 2.75% 1/5/2029 203.6 203.6 214.7 0.06 %
Levine Daycare Inc dba Kids R Kids (#,^) 415 Woodbury Rd., Orlando, FL 32828 Social Assistance Term Loan Prime plus 2.75% 1/5/2029 214.9 214.9 217.7 0.06 %
CET Inc (#,^) 4709 N El Capitan Ave. Suite 205, Fresno, CA 93722 Truck Transportation Term Loan Prime plus 2.75% 1/6/2029 926.5 926.5 933.0 0.25 %
Metro R Services Inc. and Metal & Roof Supplies Inc. (#,^) 20 Universal Place, Carlstadt, NJ 07072 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/6/2029 165.1 165.1 174.2 0.05 %
Food Service Industry Consultants Inc. (#,^) 1465 Kelly Johnson Blvd, Colorado Springs, CO 80920 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/7/2029 56.9 56.9 56.4 0.02 %
Team Henry, LLC dba Kelly Automotive of Deltona (#,^) 1290 Doyle Rd, Deltona, FL 32725 Repair and Maintenance Term Loan Prime plus 2.75% 12/10/2043 373.7 373.7 421.9 0.12 %
64
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

ZLM Services LLC (#,^) 51343 Oro Rd, Shelby Township, MI 33444 Administrative and Support Services Term Loan Prime plus 2.75% 1/10/2029 31.8 31.8 31.5 0.01 %
TFE Resources ,LTD (#,^) 11 Easter Court Suite G, Owings Mills, MD 21117 Utilities Term Loan Prime plus 2.75% 1/11/2029 462.7 462.7 464.1 0.13 %
Oregon Medical Training Private Career School Inc. (#,^) 1126 Gateway Loop, Suite 108, Springfield, OR 97702 Educational Services Term Loan Prime plus 2.75% 1/11/2029 31.8 31.8 31.5 0.01 %
Duck's Nuts Inc dba Pet Place Market (#,^) 212 Bendigo Blvd. N, North Bend, WA 98045 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 1/11/2029 34.5 34.5 35.1 0.01 %
Googlyoogly, LLC dba Bi-Rite Supermarket (#,^) 10867 W Jefferson Ave., River Rouge, MI 46218 Food and Beverage Stores Term Loan Prime plus 2.75% 12/11/2043 193.9 193.9 218.9 0.06 %
Hilltop Wine Shop, Inc dba Hiltop Wine Shop (#,^) 7505 Highland Rd., White Lake, MI 48383 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/11/2043 122.3 122.3 138.0 0.04 %
EMES Supply, LLC (#,^) 35622 Vine St., EastLake, OH 44095 General Merchandise Stores Term Loan Prime plus 2.75% 1/11/2029 100.0 100.0 99.9 0.03 %
White Wilson & Associates LLC (#,^) 16238 Louis Ave., South Holland, IL 60473 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/11/2043 40.6 40.6 45.8 0.01 %
Mateo Enterprise Inc dba El Milagro Market (#,^) 575 Panama Lane, Bakersfield, CA 93307 Food and Beverage Stores Term Loan Prime plus 2.75% 12/12/2043 114.6 114.6 129.4 0.04 %
Tier1 Solutions LLC (#,^) 1000 Essington Rd., Suite 111, Joliet, IL 60435 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/12/2029 8.3 8.3 8.3 — %
Mateo Enterprise Inc dba El Milagro Market (#,^) 575 Panama Lane, Bakerfield, CA 93307 Food and Beverage Stores Term Loan Prime plus 2.75% 1/12/2029 47.8 47.8 47.3 0.01 %
Ashwood Food Services, Incorporated dba Jake Rooney's (#,^) 119 Brooks Rd, Harwich Port, MA 02646 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/12/2029 53.7 53.7 54.3 0.01 %
Behind The Scenes Chicago, LLC dba Paramount Events (#,^) 1750 W Lake St, Chicago, IL 60612 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/12/2029 143.7 143.7 151.6 0.04 %
Ashwood Food Services Inc. dba Jake Rooney's (#,^) 119 Brooks Rd., Harwich Port, MA 02646 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/12/2043 205.4 205.4 231.8 0.06 %
Airstrike Firefighters LLC (#,^) 18115 62nd Ave. NE, Kenmore, WA 98028 Support Activities for Agriculture and Forestry Term Loan Prime plus 2.75% 12/12/2028 992.5 992.5 1,015.7 0.28 %
Tapia Auto Care, LLC dba Shoreline Quick Lube and Car Wash (#,^) 2 Center Rd.,, Old Saybrook, CT 06475 Repair and Maintenance Term Loan Prime plus 2.75% 12/13/2043 933.4 933.4 1,053.8 0.29 %
The Miller Center for Esthetic Excellence, (#,^) 22 Old Short Hills Rd.,, Livingston, NJ 07039 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/13/2043 378.2 378.2 421.4 0.12 %
OC Helicopters LLC (#,^) 19711 Campus Dr. Suite 260, Santa Ana, CA 92707 Air Transportation Term Loan Prime plus 2.75% 12/13/2028 71.2 71.2 75.0 0.02 %
Plan B Burger LLC (#,^) 484 Farmington Ave, Hartford, CT 06105 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/13/2029 835.7 835.7 843.4 0.23 %
Burton Realty Co., Inc dba Anchor Realty, Northeast (#,^) 2200 Michener St, Suite 12, Philadelphia, PA 19115 Real Estate Term Loan Prime plus 2.75% 12/13/2028 179.2 179.2 177.0 0.05 %
Alpha Omega Trucking LLC (#,^) 14432-14452 Stateline Rd., Brookings, OR 97415 Truck Transportation Term Loan Prime plus 2.75% 12/14/2028 55.6 55.6 58.6 0.02 %
YBL Restaurant Group LLC dba Tropisueno (#,^) 75 Yerba Buena Lane, San Francisco, CA 94103 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/14/2029 305.1 305.1 302.9 0.08 %
65
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Cordoba Foods LLC, Multi Logistics Network Inc, Karina Mena (#,^) 4477 E 11th Ave., Hialeah, FL 33013 Food Manufacturing Term Loan Prime plus 2.75% 12/14/2028 252.1 252.1 253.9 0.07 %
Healthy Human, LLC (#,^) 1007 Johnnie Dodds Blvd., Suite 123, Mount Pleasant, SC 29464 Nonstore Retailers Term Loan Prime plus 2.75% 12/14/2028 99.2 99.2 98.0 0.03 %
Ventures TBD LLC dba The Bottle Tree (#,^) 102 Davis St., Belmont, NC 28012 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/14/2043 94.3 94.3 106.5 0.03 %
Alpha Landscape Contractors, Inc (#,^) 2823 Fllintstone Rd., Millers, MD 21102 Administrative and Support Services Term Loan Prime plus 2.75% 1/14/2029 264.9 264.9 267.9 0.07 %
Peanut Butter & Co., Inc. (#,^) 119 West 57th St., Suite 300, New York, NY 10019 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/14/2028 198.5 198.5 196.0 0.05 %
Mediterranean Tastes Inc dba Mediterranean Tastes Since 1974 (#,^) 196-15 Northern Blvd, Flushing, NY 11318 Food and Beverage Stores Term Loan Prime plus 2.75% 12/14/2028 12.5 12.5 12.4 — %
Sound Contracting LLC (#,^) 148 Holmgren Place, Girdwood, AK 99587 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/14/2043 189.0 189.0 213.4 0.06 %
Sound Contracting LLC (#,^) 148 Holmgren Place, Girdwood, AK 99587 Construction of Buildings Term Loan Prime plus 2.75% 12/14/2028 33.8 33.8 34.3 0.01 %
Fitness Orlando LLC & Fitness Orlando Oviedo, LLC (#,^) 160 Tuskawilla Rd Ste 1214, Winter Springs, FL 32708 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/14/2028 218.6 218.6 219.8 0.06 %
Aero Consulting and Engineering Inc (#,^) 7941 NW 3rd St., Plantation, FL 33324 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/14/2028 11.9 11.9 11.8 — %
L&M Services, LLC (#,^) 560 Main St., Milford, UT 84751 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/14/2043 191.0 191.0 215.7 0.06 %
Sheldon T Banks and Sheldon T Banks LLC dba Serenity Funeral chapel ll (#) G-2340 West Carpenter Rd., Flint, MI 48505 Personal and Laundry Services Term Loan Prime plus 2.75% 9/19/2044 403.6 403.6 455.6 0.12 %
Accent Comfort Services, LLC (#,^) 5035 W. W.T. Harris Blvd. Suite C, Mecklenburg, NC 28269 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/19/2028 54.6 54.6 54.1 0.01 %
JejoJesi Corp dba Dukunoo Jamaican Kitchen, Dunkunoo (#,^) 316 NW 24th St., Miami, FL 33180 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/19/2029 59.8 59.8 60.8 0.02 %
The Cromer Company (#,^) 9800 NW 78th Ave., Hialeah Gardens, FL 33016 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 12/19/2028 432.4 432.4 427.6 0.12 %
Alaska Motor Home Inc (#,^) 6633 Brayton Dr., Anchorage, AK 99507 Rental and Leasing Services Term Loan Prime plus 2.75% 12/20/2028 246.1 246.1 250.5 0.07 %
Graff Excavating, Inc (#,^) 803 E State St., Toledo, IA 52342 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/20/2028 155.2 155.2 154.3 0.04 %
Yellow Fin Marine Services LLC, K Marine XI, LLC K Marine VIII, LLC (#,^) 2043 Coteau Rd., Houma, LA 70364 Rental and Leasing Services Term Loan Prime plus 2.75% 12/20/2028 323.2 323.2 340.2 0.09 %
Roots N Shoots, LLC & Yardplus LLC (#,^) 86 Boston Rd., Chelmsford, MA 01824 Administrative and Support Services Term Loan Prime plus 2.75% 12/20/2028 42.9 42.9 42.7 0.01 %
CK Green Partners, LLC dba Reis and Irvy"s Columbus (#,^) 5010 Augusta Dr., Westerville, OH 43082 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/20/2029 152.0 152.0 155.5 0.04 %
66
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Hotel Compete, LLC (#,^) 223 W Jackson Blvd, Chicago, IL 60606 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/20/2028 49.6 49.6 49.0 0.01 %
Healthy and Fresco LLC (#,^) 1671 Belle Isle Ave. Suite 110- Office C, Mount Pleasant, SC 29464 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/20/2029 36.6 36.6 36.8 0.01 %
Local Liberty Inc dba The Wardsboro Country Store (#,^) 23 Main St., Wardsboro, VT 05355 Food and Beverage Stores Term Loan Prime plus 2.75% 12/20/2043 148.3 148.3 167.4 0.05 %
Flashii App, Inc. (#,^) 3031 Tisch Way, 1st Floor, San Jose, CA 95128 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/20/2028 49.6 49.6 52.2 0.01 %
Accel Compression Inc.,Accel Workover Services Inc dba Mica Tool & Tur (#,^) 4500 S Country Rd, Odessa, TX 79768 Rental and Leasing Services Term Loan Prime plus 2.75% 6/21/2044 166.2 166.2 187.7 0.05 %
Precision Bytes LLC dba Tower Connect (#,^) 607 West Magnolia Ave., Fort Worth, TX 76104 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2028 103.2 103.2 101.9 0.03 %
Baseline Health, LLC & Baseline Health Management, LLC (#,^) 1101 Stewart Ave Ste 104, Garden City, NY 11530 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/21/2028 94.5 94.5 94.1 0.03 %
C&D Trucking & Equipment Service, Inc. (#,^) 4015 Jennings Rd, Cleveland, OH 44109 Repair and Maintenance Term Loan Prime plus 2.75% 12/21/2043 111.8 111.8 126.2 0.03 %
Cammarata Associates LLC (#,^) 5 Greentree Center, Marlton, NJ 08053 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 12/21/2028 59.5 59.5 58.8 0.02 %
Royalty Freight Inc (#,^) 3728 W McKinley Ave., Fresno, CA 93722 Truck Transportation Term Loan Prime plus 2.75% 12/21/2028 77.7 77.7 76.7 0.02 %
The Law Office of Jared E. Shapiro, P.A (#,^) 7777 Glades Rd, Suite 100, Boca Raton, FL 33434 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2028 8.9 8.9 8.8 — %
ETS Tree Service Inc and Eastern Tree Service, Inc (#,^) 4813 Pinson Valley Pkwy., Birmingham, AL 35215 Administrative and Support Services Term Loan Prime plus 2.75% 12/21/2028 186.0 186.0 188.6 0.05 %
Diamond Estates LLC (#,^) 110 Court St Suite 1, Cromwell, CT 06416 Construction of Buildings Term Loan Prime plus 2.75% 12/21/2028 59.5 59.5 58.8 0.02 %
Fifth Wheel Truck Stop 001, Inc. (#,^) 3767 South Golden State Blvd, Fresno, CA 93725 Gasoline Stations Term Loan Prime plus 2.75% 12/21/2028 82.1 82.1 81.0 0.02 %
Kyle M Walker DDS, PC (#,^) 1402 W Park Ave, Orange, TX 77630 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/21/2028 96.0 96.0 94.8 0.03 %
Burgess and Dudley, Incorporated (#,^) 24462 NW 9th Place, Newberry, FL 32669 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/21/2028 188.8 188.8 189.9 0.05 %
LP Industries, Inc and Playground Packages, LLC (#,^) 2040 Norwood, Lenoir, NC 28645 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/21/2028 82.2 82.2 81.3 0.02 %
Sesolinc GRP, Inc. (#,^) 806 Randy Lowery Rd., Statesboro, GA 30461 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/21/2028 297.8 297.8 303.3 0.08 %
D.A.F.S Transport, LLC (#,^) 207 S. Teresa St., Monahans, TX 79756 Truck Transportation Term Loan Prime plus 2.75% 12/21/2028 564.1 564.1 585.5 0.16 %
Timios Enterprises Corp dba Palm Court (#,^) 1912 N Arlington Heights Rd., Arlington Heights, IL 60004 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/24/2043 683.7 683.7 771.9 0.21 %
RM Hawkins LLC (#,^) 5141 Topaz Dr., Colorado Springs, CO 80918 Nonstore Retailers Term Loan Prime plus 2.75% 12/24/2028 238.1 238.1 241.2 0.07 %
BD Branson Victorian LLC dba Branson Victorian Inn (#,^) 450 South Hwy. 165, Branson, MO 65616 Accommodation Term Loan Prime plus 2.75% 12/24/2043 475.5 475.5 536.8 0.15 %
67
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Reservations Unlimited LLC (#) 312 W Main St., Red River, NM 87558 Real Estate Term Loan Prime plus 2.75% 12/26/2043 135.9 135.9 153.4 0.04 %
Green Valley Landscape Management Inc. dba Apopka Mower and Equipment (#,^) 2975 W Orange Blossom Trail, Apopka, FL 32712 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2043 443.3 443.3 500.5 0.14 %
Fave Realty Inc. (#,^) 74 Larkfield Rd., East Northport, NY 11731 Real Estate Term Loan Prime plus 2.75% 12/27/2043 118.0 118.0 133.2 0.04 %
Medworxs Inc. (#,^) 6857 Timbers Dr., Evergreen, CO 80439 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/27/2028 8.3 8.3 8.2 — %
East Breeze LLC dba Historic Springdale Pub and Eatery (#,^) 32302 East Historic Columbia River Hwy, Corbett, OR 97019 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/27/2043 122.5 122.5 138.3 0.04 %
American Rewinding of NC Inc dba MTS (#,^) 1825 N Rocky River Rd, Monroe, NC 28110 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/28/2028 370.9 370.9 373.6 0.10 %
Omega Funeral and Cremation Services,LLC (#,^) 9503 Kenwood Rd., Cincinnati, OH 45242 Personal and Laundry Services Term Loan Prime plus 2.75% 12/28/2043 326.0 326.0 368.0 0.10 %
Superior Concepts Acquisition Corp (#,^) 1710 Tiles Court, Grand Haven, MI 49417 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/28/2043 497.4 497.4 559.7 0.15 %
Superior Concepts Acquisition Corp (#,^) 1710 Tiles Ct, Grand Haven, MI 49417 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/28/2028 102.4 102.4 103.1 0.03 %
Nix and Nix Funeral Home North Inc, (#,^) 1621 W. Dauphin St., Philadelphia, PA 08065 Personal and Laundry Services Term Loan Prime plus 2.75% 12/28/2043 552.6 552.6 623.9 0.17 %
Galt Insurance Group of Bonita Springs, LLC & Bonita Safety Institut (#,^) 10911 Bonita Beach Rd SE Unit 104 A & 104B, Bonita Springs, FL 34135 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 12/28/2043 17.9 17.9 20.2 0.01 %
Romain Tower Inc. David Romaine, Sugar Land Crane and Rigging, LLC (#,^) 215 S Persimmon St,, Tomball, TX 77375 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/31/2028 208.7 208.7 206.5 0.06 %
The Chop House Inc. (#,^) 191 Old Tower Hill Rd., South Kingstown, RI 02879 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2043 532.8 532.8 601.5 0.16 %
Rashed and Shabila LLC (#,^) 14865 Hwy. 92, Woodstock, GA 30188 Gasoline Stations Term Loan Prime plus 2.75% 1/4/2029 18.0 18.0 18.3 — %
Fluid Connections LLC dba BurgerIM (#,^) 174 El Cerrito Plaza, El Cerrito, CA 94530 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/11/2029 50.0 50.0 50.8 0.01 %
CMLCLEARWATERBEACH.LLC dba Cousins Maine Lobster (#,^) 309 Coronado Dr., Clearwater Beach, FL 33767 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/11/2029 72.7 72.7 72.5 0.02 %
HSR Tacos LLC dba California Tortilla (#,^) 11694 Sudley Manor Dr., Manassas, VA 20109 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/11/2029 44.9 44.9 44.5 0.01 %
Hilco Athletics & Graphics Inc (#,^) 55 Green Hill St., West Warwick, RI 02816 Apparel Manufacturing Term Loan Prime plus 2.75% 1/16/2044 65.8 65.8 74.3 0.02 %
IGWT Coffee, LLC dba PJ's Coffee of New Orleans (#,^) 414 Union St, Nashville, TN 37219 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/18/2029 66.0 66.0 65.3 0.02 %
MMC Investors, LLC dba Clean Juice (#,^) 2879 W 95th St. Suite 195, Naperville, IL 60564 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/18/2029 71.4 71.4 71.3 0.02 %
FNF LLC dba AK Wine Grotto (#,^) 11109 Old Seward Hwy., Anchorage, AK 99515 Food and Beverage Stores Term Loan Prime plus 2.75% 1/22/2029 198.0 198.0 196.0 0.05 %
68
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

MYC Motors Inc (#,^) 3808 Vegas Dr., Las Vegas, NV 89108 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 1/30/2044 71.7 71.7 80.9 0.02 %
Employer Resource Services LLC dba Data Pool (#,^) 500 Research Rd, Richmond, VA 23236 Administrative and Support Services Term Loan Prime plus 2.75% 1/31/2029 28.8 28.8 28.5 0.01 %
Jesus and Son's Landscape Contractors, LLC (#,^) 4371 Durham Court, Denver, CO 80239 Administrative and Support Services Term Loan Prime plus 2.75% 2/1/2029 46.4 46.4 46.4 0.01 %
Hernando Beach Motel Inc.,The Purple Cow House of Pancake Inc (#,^) 4291 Shoal Line Blvd., Hernando Beach, FL 34607 Accommodation Term Loan Prime plus 2.75% 2/1/2029 12.1 12.1 12.8 — %
RIHAHN INC dba RDBL, INC. (#,^) 1397 McGuire Rd., Lamar, AR 72846 Forestry and Logging Term Loan Prime plus 2.75% 2/5/2029 5.6 5.6 5.9 — %
Creative Counseling Nashville PLLC (#,^) 4119 Gallatin Pike, Nashville, TN 37216 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/7/2029 1.4 1.4 1.4 — %
Precedence Enterprises LLC dba Spartan Junk Removal (#,^) 8101 Sandy Spring Rd. Suite 250N, Laurel, MD 20707 Waste Management and Remediation Services Term Loan Prime plus 2.75% 2/8/2029 11.7 11.7 11.9 — %
Pamletics LLC dba F45 (#,^) 22015 IH 10 West, San Antonio, TX 78249 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/8/2029 3.1 3.1 3.2 — %
Shepherd Fitness, LLC dba Workout Anytime Ooltewah (#,^) 9408 Apison Pike, Suite 11, Ooltewah, TN 37363 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/8/2029 136.8 136.8 138.6 0.04 %
EJGR Corp dba Brite Energy Solutions (#,^) 87 Main St. Upper Level, Hastings-on-Hudson, NY 10706 Utilities Term Loan Prime plus 2.75% 2/8/2029 38.2 38.2 37.8 0.01 %
Gateway Veterinary Services, P.C. dba Liberty Animal Clinic (#,^) 9212 Liberty Ave, Ozone Park, NY 11417 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/14/2044 132.3 132.3 149.3 0.04 %
Tony Herring & Associates, Inc (#,^) 211 West Camellia Dr., Slidell, LA 70458 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 2/14/2029 12.1 12.1 12.8 — %
Par-Man, Inc. dba Rockstar Tattoo (#,^) 450 Fremont St #109 and 113, Las Vegas, NV 89101 Health and Personal Care Stores Term Loan Prime plus 2.75% 2/14/2029 50.5 50.5 50.2 0.01 %
KHSE Parks, Inc. (#,^) 600 West Charles St., Matthews, NC 28105 Personal and Laundry Services Term Loan Prime plus 2.75% 2/14/2029 64.6 64.6 63.9 0.02 %
Integris Roofing, Inc (#,^) 1174 Yellostone Dr., Lake Arrowhead, CA 92532 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/15/2029 18.1 18.1 17.9 — %
M & M Burgers Inc dba Checkers (#,^) 530 Willis Ave, Bronx, NY 10455 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2029 93.8 93.8 93.8 0.03 %
Rob Barletta's Hockey School, Inc (#,^) 2130 Providence Hwy., Walpole, MA 02081 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 2/19/2029 87.7 87.7 92.5 0.03 %
Outler Transportation Services,LLC (#,^) 3775 Carriage Downs CT SW, Snellville, GA 30039 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 2/19/2029 38.4 38.4 38.3 0.01 %
Bowl 360 Inc. (#,^) 98-18 Rockaway Blvd, Ozone Park, NY 11417 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/19/2029 131.1 131.1 133.6 0.04 %
Bowl 360 Inc. (#,^) 98-18 Rockaway Blvd, Far Rockaway, NY 11417 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/19/2029 112.5 112.5 111.5 0.03 %
Mia Restoration Inc dba PuroClean and Puroclean of Morristown NJ (#,^) 3633 B Hill Rd., Parsippany, NJ 07054 Waste Management and Remediation Services Term Loan Prime plus 2.75% 2/21/2029 33.3 33.3 33.3 0.01 %
69
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Harbor Management Company Inc dba Jamba Juice (#,^) 5501 Josh Birmingham Pkwy Concourse A, Charlotte, NC 28208 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/22/2029 120.9 120.9 120.2 0.03 %
Matrix Z LLC (#) 800 SW 21st Terrace, Ft Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 6.5% 2/27/2029 10.4 10.4 11.6 — %
Wooter Apparel, Inc (#,^) 727 Page Ave., Staten Island, NY 10307 Nonstore Retailers Term Loan Prime plus 2.75% 2/28/2029 40.3 40.3 40.2 0.01 %
NY Scoops LLC dba Cool Suppliers and Breakneck Road LLC (#,^) 20 Silver Fox Lane, Sussex, NJ 07461 Food Manufacturing Term Loan Prime plus 2.75% 2/28/2029 4.0 4.0 4.3 — %
Monkey Bones LLC (#,^) 3361 Dayton Xenia Rd., Beavercreek, OH 45432 Personal and Laundry Services Term Loan Prime plus 2.75% 2/28/2044 18.0 18.0 20.3 0.01 %
Shah Medical Center SC & Heeena Shyamani (#,^) 484 Summit St, Elgin, IL 60120 Hospitals Term Loan Prime plus 2.75% 2/28/2044 242.6 242.6 270.8 0.07 %
Woodard Electric Services, Inc. (#,^) 1600 Carter Cove Rd., Hayesville, NC 28904 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/28/2029 17.4 17.4 17.3 — %
Doble Rentals, L.L.C , Doble Rentals 2, LLC, Doble Rentals 3, LLC (#,^) 487 Elizabeth Lake Rd, Waterford, MI 48328 Rental and Leasing Services Term Loan Prime plus 2.75% 3/4/2029 128.0 128.0 126.7 0.03 %
Seeds of Knowledge Creative Learning Center LLC (#,^) 15101 West McNichols Rd., Detroit, MI 48235 Social Assistance Term Loan Prime plus 2.75% 3/7/2044 21.5 21.5 24.3 0.01 %
Kalloren Provel LLC (#,^) 6919 Oak Ridge Commerce Way, Austell, GA 30168 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/8/2044 269.4 269.4 304.2 0.08 %
Precise Air Systems, Inc (#,^) 5467 W San Fernando Rd., Los Angeles, CA 90039 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/8/2029 230.8 230.8 229.5 0.06 %
Alpine Remediation, Inc, T & M Holdings, LLC (#,^) 14252 W 44th Ave Unit F, Golden, CO 80403 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/8/2029 71.2 71.2 72.5 0.02 %
Wildflour Bakery & Cafe LLC (#,^) 5137 Clareton Dr Suite 100,110 & 120, Agoura Hills, CA 91301 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/8/2029 71.2 71.2 70.4 0.02 %
D & S Village Hardware LLC dba Cedar Mountain Country Store & Samantha (#,^) 76 Ranch Rd. a/k/a 3695 Movie Ranch Rd., Duck Creek, UT 84762 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/8/2044 193.0 193.0 217.9 0.06 %
Mill Creek Early Childhood Program LLC (#,^) 510 South Batavia Ave., Batavia, IL 60510 Social Assistance Term Loan Prime plus 2.75% 8/11/2029 52.4 52.4 52.0 0.01 %
Screening Services Group, LLC (#,^) 8670 Wilshire Blvd, Beverly Hills, CA 90211 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 3/14/2029 242.9 242.9 242.8 0.07 %
Panetcarne Inc.dba Jersey Mike's Subs Greenfield (#,^) 23077 Greenfield Rd., Southfield, MI 48075 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2029 75.9 75.9 75.9 0.02 %
Vanchoc Transport Inc (#,^) 137 3rd St, Brooklyn, NY 11231 Rental and Leasing Services Term Loan Prime plus 2.75% 3/15/2029 71.0 71.0 70.2 0.02 %
B & W Towing LLC (#,^) 701 Addison Rd., Painted Post, NY 14870 Support Activities for Transportation Term Loan Prime plus 2.75% 3/15/2029 46.7 46.7 49.3 0.01 %
Marvellous Print & Ship LLC (#,^) 605 W Main St, Oxford, KS 67119 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/19/2029 2.7 2.7 2.7 — %
Game Station, Inc. (#,^) 2917 1st Ave. SE, Cedar Rapids, IA 52402 Rental and Leasing Services Term Loan Prime plus 2.75% 3/19/2029 213.4 213.4 215.9 0.06 %
70
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Michigan Neurosurgical Institute P.C. (#,^) 9400 South Saginaw St., Unit 1, Grand Blanc, MI 48439 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/20/2029 147.3 147.3 146.0 0.04 %
Mega Trucking LLC and Olyimpian Industries LLC (#,^) 5979 NW 151st St, Miami Lakes, FL 33014 Truck Transportation Term Loan Prime plus 2.75% 3/20/2029 324.9 324.9 332.1 0.09 %
Michigan Neurosurgical Institute, P.C.,,Optical Spine,LLC, MNI Great L (#,^) 9400 South Saginaw St., Unit 1, Grand Blanc, MI 48439 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/20/2044 339.9 339.9 383.7 0.10 %
Sound Manufacturing Inc (#,^) 1 Williams Lane, Old Saybrook, CT 06475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 3/20/2029 40.6 40.6 40.2 0.01 %
Dependable Lawn Care, Inc. (#,^) 2320 138th St., Blue Island, IL 60406 Administrative and Support Services Term Loan Prime plus 2.75% 3/21/2044 186.3 186.3 210.3 0.06 %
American Trails Transport, LLC (#,^) 8704 Grand Ave., Billings, MT 59106 Truck Transportation Term Loan Prime plus 2.75% 3/21/2029 45.2 45.2 45.8 0.01 %
Dependable Lawn Care, Inc. (#,^) 2320 138TH ST, Blue Island, IL 60406 Administrative and Support Services Term Loan Prime plus 2.75% 3/21/2029 467.2 467.2 471.7 0.13 %
J & C May Properties, LLC (#,^) 315 Sylamore Ave., Mountain View, AR 72560 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/22/2044 1,088.9 1,088.9 1,214.5 0.33 %
Virginia Industrial Plastics, Inc. (#,^) 2454 North East Side Hwy., Elkton, VA 22827 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 3/22/2029 239.1 239.1 252.2 0.07 %
Virginia Industrial Plastics, Inc. (#,^) 2454 N East Side Hwy.,, Elkton, VA 22827 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 3/22/2044 290.0 290.0 327.4 0.09 %
Gary Krause dba Gary Krause Landscaping & Design (#,^) 489 Hamilton Rd., Jacksonville, OR 97530 Administrative and Support Services Term Loan Prime plus 2.75% 3/22/2029 4.9 4.9 5.0 — %
Skyways, LTD (#,^) 350 15th St. NW, Huron, SD 57350 Support Activities for Transportation Term Loan Prime plus 2.75% 3/22/2029 740.7 740.7 735.1 0.20 %
District 5 Boutique LLC (#,^) 317 N Farview Ave, Paramus, NJ 07652 Nonstore Retailers Term Loan Prime plus 2.75% 3/26/2029 101.6 101.6 100.5 0.03 %
Heritage Hills Athletics 1, LLC and Heritage Hills Athletics 1, LLC (#,^) 2880 Carol Rd, East York, PA 17402 Personal and Laundry Services Term Loan Prime plus 2.75% 3/26/2044 1,220.5 1,220.5 1,377.9 0.38 %
Cinco Fit LLC dba Cinco Fit (#,^) 23010 Highland Knolls Blvd, Ste G, Katy, TX 77494 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/27/2029 134.1 134.1 132.7 0.04 %
Ocean Trans LLC and Dehal Trucking LLC (#,^) 1415 W Anderson St., Stockton, CA 95206 Truck Transportation Term Loan Prime plus 2.75% 3/27/2029 61.2 61.2 64.6 0.02 %
DC AG, LLC dba Big B Sales (#,^) 674 LA- 8, Sicily Island, LA 71368 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/27/2044 562.8 562.8 635.4 0.17 %
Danielle Vance LPC, LLC dba Danielle Vance MA, LPC (#,^) 1127 Auraria Pkwy., Suite 201, Denver, CO 80204 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/27/2029 4.6 4.6 4.6 — %
J.C. Pallet Company, Inc. (#,^) 18427 New Kent Hwy, Barhamsville, VA 23011 Wood Product Manufacturing Term Loan Prime plus 2.75% 3/28/2029 365.7 365.7 376.6 0.10 %
Skaggs RV Outlet ,LLC (#,^) 301 Commerce Dr., Elizabethtown, KY 42701 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/28/2029 202.6 202.6 213.6 0.06 %
Cocomo Joe's LLC (#,^) 3949 New Rd., Youngstown, OH 44515 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/28/2029 2.8 2.8 2.9 — %
71
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

PA Sobol Partners LLC dba Sobal (#,^) 206 Rohrerstown Rd, Lancaster, PA 17603 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/28/2029 42.0 42.0 42.2 0.01 %
Four Seasons Laser Center Inc. (#,^) 4720 NW 2nd Ave Unit D104 and Unit D-105, Boca Raton, FL 33498 Personal and Laundry Services Term Loan Prime plus 2.75% 3/28/2029 12.6 12.6 13.0 — %
Custom Vinyl Products LLC (#,^) 260 Enterprise Dr., Newport News, VA 23603 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 3/28/2044 969.3 969.3 1,094.4 0.30 %
GS Bath Inc (#,^) 5335 E. Kaviland Ave, Fresno, CA 93725 Truck Transportation Term Loan Prime plus 2.75% 3/28/2029 256.8 256.8 260.6 0.07 %
Bhatti LLC dba Auntie Ann's & Bhatti LLC 1 (#,^) 7219 Silver Mist Ave., North Chesterfield, VA 23237 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/29/2029 134.2 134.2 132.8 0.04 %
Royalty Freight Inc. (#,^) 3728 W McKinley Ave., Fresno, CA 93772 Truck Transportation Term Loan Prime plus 2.75% 3/29/2029 351.3 351.3 357.5 0.10 %
Reliable Power Group Inc. dba Batteries + bulbs Pensacola (#,^) 6895 N. 9th Ave. Suite B, Pensacola, FL 32504 Repair and Maintenance Term Loan Prime plus 2.75% 3/29/2029 81.2 81.2 80.5 0.02 %
Bright Freight Solution, LLC (#,^) 1112 N Main St, Manteca, CA 95336 Truck Transportation Term Loan Prime plus 2.75% 3/29/2029 850.1 850.1 861.2 0.24 %
EJ & James Transport LLC (#,^) 3100 Drewsky Lane Unit 108, Fort Mills, SC 29715 Truck Transportation Term Loan Prime plus 2.75% 3/29/2029 7.8 7.8 7.9 — %
Ren Investment Group Inc dba True Positon Manufacturing (#,^) 40 Sandra Dr., South Windsor, CT 06074 Machinery Manufacturing Term Loan Prime plus 2.75% 3/29/2029 651.1 651.1 649.2 0.18 %
J Brothers Enterprises, LLC (#,^) 1101 NW 12TH Ave, Ava, MO 65608 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/29/2044 617.2 617.2 696.8 0.19 %
La Favorita Radio Network (#,^) 4043 Geer Rd, Hughson, CA 95326 Broadcasting (except Internet) Term Loan Prime plus 2.75% 3/29/2029 276.3 276.3 277.7 0.08 %
Complete Care IT LLC (#,^) 4801 South University Dr. Suite 125, Davie, FL 33328 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/29/2029 42.7 42.7 42.2 0.01 %
Turtle Shirts, LLC (#,^) 10241 Metro Pkwy# 108, Ft Myers, FL 33966 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/29/2029 44.5 44.5 44.4 0.01 %
Knoxville Room Service (#,^) 10670 Parkside Dr., Knoxville, TN 37922 Food and Beverage Stores Term Loan Prime plus 2.75% 3/29/2029 5.5 5.5 5.5 — %
Outtasight Careers, LLC dba Gecko Hospitality (#,^) 109 W Fern St., Tampa, FL 33604 Administrative and Support Services Term Loan Prime plus 2.75% 3/29/2029 42.3 42.3 41.8 0.01 %
Key HR Associates, Inc dba Parents Choice for Kids (#,^) 3150 West Park Dr., Burnsville, MN 55306 Social Assistance Term Loan Prime plus 2.75% 3/29/2044 443.8 443.8 501.1 0.14 %
Hamsons Inc. (#,^) 4900 Hopyard Rd., Pleasanton, CA 94588 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 3/29/2029 152.4 152.4 150.8 0.04 %
Pizzaplex L3C (#,^) 4458 West Vernor Hwy, Detroit, MI 48209 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/29/2029 36.4 36.4 36.3 0.01 %
NuBe Business Group LLC (#,^) 2140 44th St SE, Suite 201, Grand Rapids, MI 49508 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/29/2044 39.2 39.2 44.3 0.01 %
Raven's Place LLC (#,^) 13031 S Western Ave, Blue Island, IL 60406 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/29/2044 672.4 672.4 759.2 0.21 %
Bayco Enterprises, Inc (#,^) 128 Cowesett Ave., West Warwick, RI 02893 Gasoline Stations Term Loan Prime plus 2.75% 3/29/2044 190.3 190.3 214.8 0.06 %
72
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Stillwater Ventures, LLC (#,^) 8272 W. Sunset Blvd, Los Angeles, CA 90048 Nonstore Retailers Term Loan Prime plus 2.75% 3/29/2029 312.1 312.1 320.6 0.09 %
Marnon Enterprise LLC (#,^) 6713 Biscay Hbr, San Antonio, TX 78249 Administrative and Support Services Term Loan Prime plus 2.75% 4/5/2029 3.9 3.9 3.6 — %
Bose and Avinder, Inc.and Carmel and Preet Inc (#,^) 28201 Date Palm Dr., Cathedral City, CA 92234 Gasoline Stations Term Loan Prime plus 2.75% 4/5/2029 50.5 50.5 52.7 0.01 %
FRAJOVI Urban Air, LLC dba Urban Air Trampoline& Adventure Park (#,^) 1256 Indian Head Rd., Toms River, NJ 08755 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 1/8/2030 500.4 500.4 520.3 0.14 %
Georgetown Milling Co, LLC (#,^) 9001 Wentworth Springs Rd., Georgetown, CA 95634 Wood Product Manufacturing Term Loan Prime plus 2.75% 4/9/2029 10.4 10.4 9.9 — %
VRGE Strategies LLC (#,^) 1155 15th St NW, Washington, DC 20005 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/10/2029 64.7 64.7 59.1 0.02 %
Maxiflex LLC (#,^) 512 Verret St., New Orleans, LA 70114 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 4/11/2029 51.2 51.2 53.4 0.01 %
Bill Berger LLC (#,^) 8728 Tireman Ave, Detroit, MI 48204 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 4/12/2029 7.4 7.4 6.7 — %
Samco Food Corp dba C-Town Supermarket (#,^) 1761 Nostrand Ave., Brooklyn, NY 11226 Food and Beverage Stores Term Loan Prime plus 2.75% 4/12/2029 82.0 82.0 75.0 0.02 %
P. Moss Enterprises, LLC dba Garage Experts-Mid Atlantic (#,^) 3563 South River Terrace, Edgewater, MD 21037 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/12/2029 36.0 36.0 33.9 0.01 %
Gilpin Enterprises, LLC dba Jon Smith Subs (#,^) 17790 State Rd. 54, Lutz, FL 33458 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/12/2029 65.5 65.5 61.3 0.02 %
Southern Gulf Construction, Inc. (#,^) 367 Pine Island Rd., North Fort Myers, FL 33903 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/12/2029 91.1 91.1 91.2 0.02 %
J.T. ONeill Company, LLC (#,^) 19972 Willowin Farm Lane, Purceville, VA 20132 Real Estate Term Loan Prime plus 2.75% 4/12/2029 8.0 8.0 7.3 — %
Pranamji Inc dba Ohara's Beverage Spot (#,^) 2300 Levit Rd., Lorain, OH 44052 Food and Beverage Stores Term Loan Prime plus 2.75% 4/16/2044 45.3 45.3 48.8 0.01 %
Rello, Inc. dba ID Salon (#) 8063 Jericho Turnpike, Woodbury, NY 11797 Personal and Laundry Services Term Loan Prime plus 6.5% 4/17/2029 5.1 5.1 5.2 — %
Modern Demo & Services LLC (#,^) 10161 W Park Run Dr., Las Vegas, NV 89145 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/17/2029 102.4 102.4 94.6 0.03 %
2Choice2Friends dba 2 N 1 Salad Bar and Grill (#) 901 W Braker Lane, Austin, TX 78758 Food Services and Drinking Places Term Loan Prime plus 6.5% 4/17/2029 10.6 10.6 10.9 — %
Expert Building Services LLC (#,^) 74 Roosevelt St., Pequannock Township, NJ 07440 Administrative and Support Services Term Loan Prime plus 2.75% 4/17/2029 16.7 16.7 15.3 — %
All My Best Inc. (#,^) 4320 Anthony Court Suites 1,2,3, Rocklin, CA 95677 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 4/19/2029 51.3 51.3 48.4 0.01 %
ER & DC McPherson Holdings, LLC (#,^) 6957 W Broward Blvd., Plantation, FL 33317 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/19/2029 40.0 40.0 36.9 0.01 %
La Dolce Vita, LLC, La Dolce Vita Watersports LLC, LDV Golf Cart & Bil (#,^) 196 N. Holiday Rd., Miramar Beach, FL 32550 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/25/2029 409.6 409.6 391.4 0.11 %
Jones Roger Sherman Inn, Inc. (#,^) 195 Oenoke Ridge, New Canaan, CT 06840 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/25/2029 125.1 125.1 130.5 0.04 %
73
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

La Dolce Vita LLC. (#,^) 196 N. Holiday Rd., Miramar Beach, FL 32550 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/25/2044 451.8 451.8 506.1 0.14 %
Sona USA, Inc (#,^) 15280 NW 79th Ct Ste 109, Miami Lakes, FL 33016 Telecommunications Term Loan Prime plus 2.75% 4/26/2029 135.4 135.4 130.1 0.04 %
Pellegrin Marine Transportation, LLC (#,^) 117 Country Village Dr., Raceland, LA 70394 Support Activities for Transportation Term Loan Prime plus 2.75% 4/26/2029 116.8 116.8 111.2 0.03 %
ASM Partners LLC (#,^) 1619 Roberts Dr. SE, Mableton, GA 30126 Nonstore Retailers Term Loan Prime plus 2.75% 4/26/2029 200.1 200.1 195.7 0.05 %
Midlothian Hardware, Inc dba Grills True Value (#,^) 475 West 147th St, Midlothian, IL 60445 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 4/29/2029 32.8 32.8 34.2 0.01 %
DeVega Juice Co, - East Cobb, LLC dba Clean Juice Johnson Ferry (#,^) 1205 Johnson Ferry Rd Suite 124, Marietta, GA 30068 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2029 53.2 53.2 54.3 0.01 %
Modern Trousseau, LLC (#,^) 125 Bradley Rd., Woodbridge, CT 06525 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 5/1/2029 258.0 258.0 261.3 0.07 %
Global Enterprises LLC dba Verdi Pizza (#,^) 3111 S Valley View Blvd., Las Vegas, NV 89102 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/3/2029 17.2 17.2 15.7 — %
EPIFAB,LLC (#,^) 1341 Brooks St. Unit D, Ontario, CA 91762 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 5/3/2029 17.6 17.6 16.8 — %
Life View Prenatal Imagery, LLC (#,^) 312 79th Ave North, Myrtle Beach, SC 29572 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/3/2029 5.0 5.0 4.7 — %
Mark Garvin dba Tipsy Canyon Winery (#,^) 150 Upper Joe Creek Rd., Manson, WA 98831 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 5/3/2044 102.1 102.1 115.3 0.03 %
Art Amore Studios, LLC (#,^) 6507 Jester Blvd, Suite #107, Austin, TX 78750 Educational Services Term Loan Prime plus 2.75% 5/3/2029 4.6 4.6 4.2 — %
NYM Solutions Inc.dba NYM Solutions, Inc (#) 12150 SW 128th St. CT Suite 209, Miami, FL 33186 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 5/6/2029 10.6 10.6 11.0 — %
Folklore Music Exchange LLC (#,^) 617 Tennessee Ave, Charleston, WV 25302 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 5/6/2029 4.2 4.2 3.8 — %
Aloha To Go LLC (#,^) 5903 Seminole Blvd., Seminole, FL 33772 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/9/2029 12.7 12.7 11.7 — %
Two Pie Lovers LLC dba Pizza Outpost (#,^) 302 E. Millitary Hwy U1122, Brackettville, TX 78832 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/10/2044 42.0 42.0 46.6 0.01 %
The Lobster Pot Inc (#,^) 119 Hope St., Bristol, RI 02809 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/10/2044 355.0 355.0 393.4 0.11 %
AMP Trucking Inc (#,^) 1030 Gettysburg Ave, Clovis, CA 93161 Truck Transportation Term Loan Prime plus 2.75% 5/16/2029 215.4 215.4 196.8 0.05 %
Cut To The Chase 502 LLC (#,^) 6903 Lakegreen Ct, Louisville, KY 40291 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/16/2029 2.8 2.8 2.7 — %
CJNR LLC dba Chenney Bear Cafe, Elma Lodge & Suites, Parkhurst Motel, (#,^) 208 East Main St., Elma, WA 98541 Accommodation Term Loan Prime plus 2.75% 5/16/2029 15.5 15.5 16.1 — %
Kappa Investments LLC dba Buddy's Home Furnishings (#,^) 365 Lowe's Dr., Suite H, Danville, VA 24540 Rental and Leasing Services Term Loan Prime plus 2.75% 5/17/2029 358.2 358.2 328.4 0.09 %
BD Branson Victorian LLC dba Branson Surrey Inn (#,^) 430 a/k/a 450 South Hwy. 165, Branson, MO 65616 Accommodation Term Loan Prime plus 2.75% 5/17/2029 210.8 210.8 219.9 0.06 %
74
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Covalent Holding LLC (#,^) 18 West Chestnut St.,Unit 2F, Chicago, IL 60610 Nonstore Retailers Term Loan Prime plus 2.75% 5/17/2029 217.7 217.7 212.9 0.06 %
Anchor Up Fitness and Nutrition, LLC (#,^) 2464 US-29, Pensacola, FL 32505 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/21/2029 16.7 16.7 16.2 — %
ES&A, INC., A LAW CORPORATION (#,^) 1003 Bishop St., Honolulu, HI 96813 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/22/2029 92.9 92.9 85.5 0.02 %
Bloomquist Communications Inc. dba FastSigns 42501 (#,^) 131 East Trinity Place, Decatur, GA 30030 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 5/22/2029 12.5 12.5 11.6 — %
MCM Design LLC (#) 5926 Vinings Vintage Way, Mableton, GA 30126 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 5/23/2029 8.2 8.2 8.5 — %
Top Notch Roofing, Inc (#,^) 46 Cherry St., Milton, VT 05468 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/23/2029 101.5 101.5 95.2 0.03 %
Clowers Trucking By Faith LLC (#) 705 E Brookwood PL, Valdosta, GA 31601 Truck Transportation Term Loan Prime plus 6.5% 5/23/2029 10.6 10.6 11.0 — %
McGuckin & Pyle Inc (#,^) 120 Corporate Ln, New Bern, NC 28562 Machinery Manufacturing Term Loan Prime plus 2.75% 5/23/2044 296.2 296.2 325.8 0.09 %
2820 US HWY 98 N LLC dba Total Package Car Wash (#) 2820 US Hwy 98 N, Lakeland, FL 33805 Repair and Maintenance Term Loan Prime plus 2.75% 5/23/2029 109.9 109.9 114.7 0.03 %
SV Enterprise LLC dba Haagen-Dazs (#,^) 1885 Briargate Pkwy, Space D-413, Colorado Springs, CO 80920 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/24/2029 76.9 76.9 70.3 0.02 %
PD Financial LLC (#,^) 364 Parsippany Rd., Unit 7-B, Parsippany, NJ 07054 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 5/28/2044 34.4 34.4 38.8 0.01 %
AGR, Inc (#,^) 2-255555 Kaumualii Hwy, Kalaheo, HI 96741 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/29/2044 770.8 770.8 866.0 0.24 %
Brooklyn Breakfast Shop LLC (#,^) 7707 S IH 35 Frontage Rd #730, Austin, TX 78744 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/29/2029 4.1 4.1 4.0 — %
Canela Media Inc (#,^) 2715 Palomino Circle, La Jolla, CA 92037 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/29/2029 98.0 98.0 92.7 0.03 %
Aspen Welding LLC (#,^) 28803 US-6, Rifle, CO 81650 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 5/30/2044 393.0 393.0 432.1 0.12 %
SSD Designs, LLC (#,^) 486 Vance St., Forest City, NC 28043 Chemical Manufacturing Term Loan Prime plus 2.75% 5/30/2044 415.0 415.0 468.2 0.13 %
Inside & Out Maintenance LLC (#,^) 1698 SW Pancoast St., Port St Lucie, FL 34987 Administrative and Support Services Term Loan Prime plus 2.75% 5/30/2029 82.7 82.7 75.9 0.02 %
G.S.A.T. Restoration Inc. dba Paul Davis Restoration & Remodeling of G (#,^) 1450 Oakbrook Dr, Norcross, GA 30093 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/31/2029 96.6 96.6 90.2 0.02 %
V & M Transportation LLC (#,^) 1307 27th St. Apt B, North Bergen, NJ 07047 Truck Transportation Term Loan Prime plus 2.75% 5/31/2029 10.8 10.8 9.9 — %
Morey Publishing LLC (#,^) 575 Underhill Blvd, Suite 216, Syosset, NY 11791 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/31/2029 51.6 51.6 47.5 0.01 %
Martin Inventory Management, LLC (#,^) 304 1/2 Main St., Edgefield, SC 29824 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/31/2029 41.3 41.3 43.1 0.01 %
Evoke Growth Advisory LLC (#,^) 2600 Brookwood Way Dr., Unit 311, Rolling Meadows, IL 60008 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/3/2029 6.2 6.2 5.7 — %
75
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Oasis Senior Advisors Franchise Systems, LLC (#,^) 24870 Burnt Pine Dr., Bonita Springs, FL 34134 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Term Loan Prime plus 2.75% 6/4/2029 252.5 252.5 262.3 0.07 %
Jamestown Quick Stop LLC (#,^) 3097 24th Ave., Hudsonville, MI 49426 Food and Beverage Stores Term Loan Prime plus 2.75% 6/5/2044 67.4 67.4 73.0 0.02 %
Preferred Manufacturing Services Inc (#,^) 4261 Business Dr., Cameron Park, CA 95682 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/5/2029 395.2 395.2 412.2 0.11 %
Allison K. Chipak dba Still Photography (#) 195 Terrace Place, Apt. 2, Brooklyn, NY 11218 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 6/6/2029 10.7 10.7 11.0 — %
Skin Beauty Bar Inc (#,^) 749 8th St., Washington, DC 20003 Personal and Laundry Services Term Loan Prime plus 2.75% 6/6/2029 4.4 4.4 4.0 — %
Neely Motorsports, Inc dba Earl's Store #1;Earl's Performance Plumbing (#,^) 15825-15827 Hawthorne Blve, Lawndale, CA 90260 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/7/2044 232.9 232.9 256.1 0.07 %
Johnny's Boy LLC (#,^) 127 East King St., Martinsburg, WV 25401 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/7/2044 97.3 97.3 106.5 0.03 %
Throop Family Holding Inc dba Klamath Basin Metals and Supply, dba Rog (#,^) 7130 Crater Lake Hwy., White City, OR 97503 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/7/2029 33.3 33.3 31.9 0.01 %
J&A Elliott Company (#,^) 1118 Thornberry Dr, Clarksville, TN 37043 Nonstore Retailers Term Loan Prime plus 2.75% 6/7/2029 8.7 8.7 9.1 — %
Archer Cleaners Inc (#) 1514 W. 33rd St., Chicago, IL 60608 Personal and Laundry Services Term Loan Prime plus 6.5% 6/10/2029 10.7 10.7 11.0 — %
Ivesters Transportation, Inc (#,^) 4299 South 2675 West, Roy, UT 84067 Truck Transportation Term Loan Prime plus 2.75% 6/11/2029 208.1 208.1 195.4 0.05 %
Law Office of Paula Padilla PLLC (#) 2211 E Highland Ave Suite 130, Phoenix, AZ 85016 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 6/13/2029 4.3 4.3 4.4 — %
Kego 2 LLC dba Jon Smith Subs 80025 (#,^) 2001 W. Southlake Blvd Suite 143, Southlake, TX 76092 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/14/2029 90.1 90.1 84.6 0.02 %
A & S Services LLC dba Kona Ice of Troy (#,^) 3888 Lightner Rd., Vandalia, OH 45377 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/14/2044 43.2 43.2 47.9 0.01 %
Comarco Quality Pork Products Inc, Comarco Pork Products of FL LLC (#,^) 501 Jackson St, Camden, NJ 08104 Food Manufacturing Term Loan Prime plus 2.75% 6/14/2029 258.1 258.1 250.1 0.07 %
JLM Consulting LP (#,^) 3981 E Dunrobin Dr., Springfield, MO 65809 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/17/2029 16.5 16.5 15.0 — %
American Demolition, Inc (#,^) 401 N Kuner Rd, Brighton, CO 80601 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/17/2029 174.0 174.0 181.5 0.05 %
Bader Furniture Company Inc. (#,^) 704 N Liberty St., Shamokin, PA 17872 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 6/19/2029 6.2 6.2 6.5 — %
Zion Motors Inc (#,^) 6949 Wall Triana Hwy, Madison, AL 35757 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/19/2044 58.4 58.4 63.2 0.02 %
Beck's Pub & Grill LLC (#,^) N6630 WI-49, Weyauwega, WI 54983 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/19/2044 67.3 67.3 74.8 0.02 %
International Institute for Learning Inc. (#,^) 110 E 59th St ,31st floor, New York, NY 10022 Educational Services Term Loan Prime plus 2.75% 6/19/2029 249.6 249.6 228.1 0.06 %
Central Texas Hygiene, LLC. (#,^) 10201 McKalla Place, Austin, TX 78758 Administrative and Support Services Term Loan Prime plus 2.75% 6/20/2029 71.9 71.9 65.7 0.02 %
76
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Peninsula Self Defense LLC (#,^) 2766 Bay Rd., Redwood City, CA 94063 Educational Services Term Loan Prime plus 2.75% 6/21/2029 4.4 4.4 4.1 — %
Port Diesel L.L.C. (#) 3212 Alex Trask Dr., Castle Hayne, NC 28429 Repair and Maintenance Term Loan Prime plus 6.5% 6/21/2029 10.7 10.7 11.1 — %
LuLuBelle's Mountain Banana Bread LLC (#) 1063 Carousel Rd, Lake Arrowhead, CA 92352 Food Manufacturing Term Loan Prime plus 2.75% 12/21/2045 248.7 248.7 271.4 0.07 %
William Rose Inc (#,^) 1 Grace Cove Rd, New Shoreham, RI 02807 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/21/2044 84.1 84.1 85.0 0.02 %
Campuscuts LLC (#) 930 Robtrice Ct, Edmond, OK 73430 Personal and Laundry Services Term Loan Prime plus 6.5% 6/21/2029 6.4 6.4 6.6 — %
Small Batch Creations Inc. dba The Office Bar & Grill (#,^) 295 E WASHINGTON AVE, SUNNYVALE, CA 94086 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/21/2029 51.8 51.8 47.3 0.01 %
Sweets By Karla LLC (#,^) 3273 South John Young Pkwy., Kissimmee, FL 34746 Food Manufacturing Term Loan Prime plus 2.75% 6/24/2029 10.7 10.7 9.8 — %
Krsto, LLC dba Italian Butter Breadsticks (#,^) 34683 Nova Dr, Clinton Twp, MI 48035 Food Manufacturing Term Loan Prime plus 2.75% 6/24/2044 183.3 183.3 202.3 0.06 %
Scissor Kids Inc (#,^) 63 Hebron Ave., Suite F, Glastonbury, CT 06033 Personal and Laundry Services Term Loan Prime plus 2.75% 6/24/2029 8.6 8.6 8.0 — %
Vanchoc Transport Inc (#,^) 137 3rd St, Brooklyn, NY 11231 Rental and Leasing Services Term Loan Prime plus 2.75% 6/25/2029 36.2 36.2 35.2 0.01 %
Paradise Towing & Recovery Inc (#,^) 1115 S Homer Blvd., Sanford, NC 27330 Repair and Maintenance Term Loan Prime plus 2.75% 6/25/2029 88.5 88.5 88.2 0.02 %
Paradise Towing & Recovery Inc (#,^) 1115 S. Horner Blvd., Sanford, NC 27330 Repair and Maintenance Term Loan Prime plus 2.75% 6/25/2044 70.5 70.5 79.6 0.02 %
Spartan Technology Solutions, Inc (#,^) 125 Venture Blvd, Spartanburg, SC 29306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/25/2044 469.5 469.5 504.7 0.14 %
Professional Tire Limited Liability Company (#,^) 6655 Country Rd. 32, Norwich, NY 13815 Repair and Maintenance Term Loan Prime plus 2.75% 6/25/2044 134.1 134.1 145.8 0.04 %
Worldwide Capital Management Inc. (#,^) 6 Venture Ste 305, Irvine, CA 92618 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/25/2029 122.3 122.3 111.7 0.03 %
Child Care Ventures LLC dba Childcare Adventures ELC (#,^) 3542 Glendale Ave, Toledo, OH 43614 Social Assistance Term Loan Prime plus 2.75% 6/26/2044 141.8 141.8 150.2 0.04 %
JFK Transportation Inc (#,^) 4 Mechanic St., Natick, MA 01760 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 6/26/2029 57.6 57.6 55.3 0.02 %
Soft Touch Tissue & Paper LLC (#,^) 1491 Hammond St., Bangor, ME 04401 Paper Manufacturing Term Loan Prime plus 2.75% 6/26/2044 227.0 227.0 256.3 0.07 %
Selective Automotive & Accessories Group, Inc (#,^) 2221 Pelham Pkwy., Pelham, AL 35124 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/26/2029 208.0 208.0 200.7 0.05 %
Tekoa Enterpises, Inc (#,^) 1033 Cannon Bridge Rd., Cordova, SC 29039 Truck Transportation Term Loan Prime plus 2.75% 6/26/2029 47.9 47.9 45.7 0.01 %
Soft Touch Tissue & Paper LLC (#) 1491 Hammond, Bangor, MA 04401 Paper Manufacturing Term Loan Prime plus 2.75% 12/26/2029 98.4 98.4 103.0 0.03 %
Lynx Inspection Technologies LLC (#,^) 8101 Miller Rd 2, Houston, TX 77049 Support Activities for Mining Term Loan Prime plus 2.75% 6/26/2044 556.6 556.6 628.5 0.17 %
77
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

All-City Towing LLC, Jeffrey James Piller (#,^) 1213 W Mallory Ave., Milwaukee, WI 53221 Support Activities for Transportation Term Loan Prime plus 2.75% 6/26/2029 336.4 336.4 332.7 0.09 %
Pawfection Pet Services LLC (#,^) 177 W Cottonwood Ln, Suite 12, Casa Grande, AZ 85122 Personal and Laundry Services Term Loan Prime plus 2.75% 6/27/2029 8.6 8.6 7.9 — %
Boucherie US Inc (#,^) 251 Little Falls Dr., Wilmington, DE 19807 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/27/2029 1,062.3 1,062.3 970.6 0.27 %
Ailky Corporation & Wyspen (#,^) 352 Bedford St., Lakeville, MA 02347 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/27/2029 40.6 40.6 37.1 0.01 %
BB Services, LLC (#,^) 580 39 Rd., Palisade, CO 81526 Truck Transportation Term Loan Prime plus 2.75% 6/27/2029 97.0 97.0 90.9 0.02 %
Crescent Event Productions, Inc (#,^) 1327 Wood Branch Dr., Charlotte, NC 28273 Administrative and Support Services Term Loan Prime plus 2.75% 6/27/2029 291.2 291.2 273.6 0.07 %
Shooter's Gun Club, LLC (#) 2429 Iowa St. Suites B, C and D, Lawrence, KS 66046 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/27/2030 169.9 169.9 159.1 0.04 %
Moon Landscaping, Inc, Moon Group, Inc moon Nursery, Inc, Moon Site Ma (#,^) 145 Moon Rd, Chesapeake City, MD 21915 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 6/27/2029 1,084.9 1,084.9 1,084.3 0.30 %
S & T Hardware Inc (#,^) 2300 Nooseneck Hill, Coventry, RI 02816 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/27/2044 193.6 193.6 218.6 0.06 %
Balboa Fashion LLC (#,^) 1016 S. Towne Ave., Unit 123, Los Angeles, CA 90021 Apparel Manufacturing Term Loan Prime plus 2.75% 6/28/2029 6.2 6.2 5.7 — %
Southern Specialties Transportation LLC (#,^) 116 Toledo Dr., Lafayette, LA 70506 Truck Transportation Term Loan Prime plus 2.75% 6/28/2029 23.1 23.1 24.1 0.01 %
Baobab Asset Management LLC (#,^) 2 Greenwich Office Park, Suite 260, Greenwich, CT 06831 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/28/2029 43.6 43.6 39.8 0.01 %
Sundown Audio, LLC (#,^) 514 West 21St St., Newton, NC 28658 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 6/28/2044 873.4 873.4 941.3 0.26 %
Nevada Recycling and Salvage LTD, AMCB LLC (#,^) 1085 Telegraph St, Reno, NV 89502 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/28/2044 1,197.0 1,197.0 1,284.6 0.35 %
Crestview Ridge Farms LLC (#,^) 1172 Co Rd. 956, Ashland, OH 44805 Crop Production Term Loan Prime plus 2.75% 6/28/2044 517.8 517.8 570.3 0.16 %
K & K Restaurant LLC (#,^) 6607 S Central Ave, Phoenix, AZ 85042 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/28/2044 122.1 122.1 137.8 0.04 %
Richmond Street Partners, LLC (#,^) 200 E Chestnut St, Chicago, IL 60611 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 6/28/2029 86.1 86.1 79.2 0.02 %
Port Huron Ophthalmology, PLLC dba Black River Optical (#,^) 1033 River St., Port Huron, MI 48060 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/28/2029 12.5 12.5 11.4 — %
Kim Howard Corp dba NPN Machine Tools (#,^) 9130 Wayfarer Ln, Houston, TX 77075 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/28/2029 197.2 197.2 205.7 0.06 %
Jian Yang and Kanger House LLC (#,^) 48 Horse Hill Rd., Cedar Knolls, NJ 07927 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 6/27/2029 100.0 100.0 91.6 0.03 %
Advance Transit LLC (#,^) 574-614 Tonnelle Ave, Jersey City, NJ 07307 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 6/28/2044 746.0 746.0 826.5 0.23 %
5161 LLC (#,^) 1478 E Mountain Dr., Santa Barbara, CA 93108 Nonstore Retailers Term Loan Prime plus 2.75% 6/28/2029 527.1 527.1 546.3 0.15 %
78
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Upul's Travel Service & Tours Inc (#,^) 654 Shoppers Lane, Covina, CA 91723 Administrative and Support Services Term Loan Prime plus 2.75% 6/28/2029 251.7 251.7 230.0 0.06 %
Good News Cafe, LLC (#,^) 694 Main St. South, Woodbury, CT 06798 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/28/2044 240.3 240.3 258.8 0.07 %
NJ Floats Inc (#,^) 1 Robertson Rd, Suite 13, Bedminster, NJ 07921 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/28/2044 172.3 172.3 194.6 0.05 %
Upul's Travel Service & Tours Inc (#,^) 654 Shopping Lane, Covina, CA 91723 Administrative and Support Services Term Loan Prime plus 2.75% 6/28/2044 343.5 343.5 359.5 0.10 %
Nash-Delphia LLC (#,^) 2135 Gallatin Pike N, Store 4, Madison, TN 37115 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 7/2/2029 12.5 12.5 11.4 — %
Menskha Inc (#) 88 High St., Mountclair, NJ 07042 Ambulatory Health Care Services Term Loan Prime plus 6.5% 7/10/2029 10.8 10.8 11.2 — %
D DeGregoria LLC dba The UPS Store 4235 Massapequa (#,^) 4940 Merrick Rd., Massapequa Park, NY 11762 Couriers and Messengers Term Loan Prime plus 2.75% 7/10/2029 66.4 66.4 61.9 0.02 %
Last Touch, LLC (#,^) 1612 Jackson St., Spirit Lake, IA 51360 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 7/11/2044 97.8 97.8 105.8 0.03 %
Beacon Metal Fabricators, Inc. (#,^) 5425-D Hamilton Ave., Cleveland, OH 44114 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 7/12/2029 58.7 58.7 57.8 0.02 %
Adam Family Bowl Inc (#,^) 1504 Chestnut St., Mishawaka, IN 46545 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/16/2044 128.0 128.0 141.6 0.04 %
Bouquet Canyon Kennels (#,^) 29973 Bouquet Canyon Rd., Santa Clarita, CA 91390 Personal and Laundry Services Term Loan Prime plus 2.75% 7/16/2044 289.9 289.9 309.8 0.08 %
Garage Floor Coating of MN.com,LLC (#,^) 6701 West 23rd St., St. Louis Park, MN 55426 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/16/2044 960.8 960.8 1,036.5 0.28 %
Baton Rouge Cargo Services Inc (#,^) 6013 McRaven Rd., Jackson, MS 39209 Support Activities for Transportation Term Loan Prime plus 2.75% 7/17/2044 281.9 281.9 307.6 0.08 %
Bonfire Hot Yoga LLC (#,^) 3665 SW Hall Blvd, Beaverton, OR 97005 Educational Services Term Loan Prime plus 2.75% 7/18/2029 6.9 6.9 6.4 — %
JDM2 Water Station LLC (#,^) 125 Chestnut Hill Dr., York, PA 17408 Nonstore Retailers Term Loan Prime plus 2.75% 7/18/2029 175.4 175.4 171.6 0.05 %
Ameritube, LLC (#,^) 1000 North Hwy. 77, Hillsboro, TX 76645 Primary Metal Manufacturing Term Loan Prime plus 2.75% 7/18/2029 107.4 107.4 112.3 0.03 %
Lawrence Adeyemo & Co LLC (#) 209-34 112 Ave, Queens Village, NY 11429 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 7/19/2029 8.7 8.7 9.0 — %
Hardrock Alpha Enterprises, LLC (#,^) 5101 Stine Rd., Bakersfield, CA 93313 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/19/2029 13.2 13.2 12.3 — %
700 Services Inc.dba 700 Credit Repair (#,^) 1201 N Goliad St., Rockwall, TX 75087 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 7/19/2029 6.3 6.3 5.8 — %
A&W ALF, LLC dba A & W Assisted Living Facility (#,^) 6600 Liberty Rd., Gwynn Oak, MD 21207 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 7/24/2044 96.2 96.2 108.5 0.03 %
Franklin Care Pharmacy Incorporated (#,^) 520 N Franklintown Rd., Baltimore, MD 21223 Health and Personal Care Stores Term Loan Prime plus 2.75% 7/25/2029 45.5 45.5 47.5 0.01 %
Sou's LLC (#,^) 739 NE MLK Blvd., Portland, OR 97221 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/26/2029 5.0 5.0 4.9 — %
Power Associates Inc. (#,^) 2766 West Good CT, Boise, ID 83702 Real Estate Term Loan Prime plus 2.75% 7/26/2029 12.6 12.6 11.5 — %
79
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Dan Dahlin Inc. (#,^) 16465 MN-65, Ham Lake, MN 55304 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/26/2044 393.5 393.5 444.2 0.12 %
Moore Chiropractic Center, P.A. (#,^) 936 Roosevelt Trail Unit 1 & 2, Windham, ME 04062 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/26/2029 7.7 7.7 8.0 — %
Micheal Birch and Tracy M. Pierce (#,^) E 2947 H-44, Traunik, MI 49891 Gasoline Stations Term Loan Prime plus 2.75% 7/29/2044 52.4 52.4 58.6 0.02 %
Jbelis Stop N' Go, LLC dba Planet Smoothie (#,^) 2565 E 17th St, Ammons, ID 83406 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/30/2029 16.4 16.4 15.2 — %
Dant A Sandras, D.D.S. LLC (#,^) 13373 Hwy. 3235, Larose, LA 70373 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/30/2029 195.7 195.7 182.9 0.05 %
Aeromax Industries, Inc, HITM, Inc and TMCB LLC (#,^) 9027 Canoga Ave, Canoga Park, CA 91301 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 7/30/2044 758.8 758.8 813.2 0.22 %
Grad Street LLC (#) 2437 Corinth Ave Apt 130, Los Angeles, CA 90064 Nonstore Retailers Term Loan Prime plus 6.5% 7/30/2029 6.3 6.3 6.6 — %
East Coast Flight Services, Inc and Aviation Consulting Enterprise, LL (#,^) 27603 Pkwy. Rd., Easton, MD 21601 Air Transportation Term Loan Prime plus 2.75% 7/31/2029 459.3 459.3 436.6 0.12 %
Joseph Centonze dba Off Kilter Kilts (#,^) 27720 Ave. Scott, Santa Clarita, CA 91355 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 7/31/2029 2.7 2.7 2.5 — %
Billy Auto Inc (#,^) 632 N BRd.way, Amityville, NY 11701 Repair and Maintenance Term Loan Prime plus 2.75% 7/31/2044 312.7 312.7 335.5 0.09 %
Genecco Produce, Inc. & Leo Genecco & Sons, Inc. (#,^) 1850 Rochester Rd., Canadaigua, NY 14424 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 7/31/2029 679.6 679.6 673.0 0.18 %
Living Spring Home Health Inc. (#,^) 18350 Kedzie Ave Suite 204, Homewood, IL 60430 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/31/2029 113.3 113.3 109.8 0.03 %
Quick and Quality Services dba Bella Roma Pasta & Pizza & Farshad Fari (#,^) 28940 Golden Lantern, Laguna Niguel, CA 92677 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/31/2029 9.6 9.6 9.2 — %
Canyon Lake Kids Academy, LLC (#,^) 130 Charter Oak Dr., Canyon Lake, TX 78133 Social Assistance Term Loan Prime plus 2.75% 7/31/2044 94.5 94.5 104.5 0.03 %
St. Francis Home Health Inc (#,^) 5246 SW 8th St 103B, Coral Gables, FL 33134 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/31/2029 62.9 62.9 57.6 0.02 %
Gray Rock Quarry, LLC and William E Dailey III (#,^) 54 West Milton Rd, Milton, VT 05468 Mining (except Oil and Gas) Term Loan Prime plus 2.75% 7/31/2044 433.7 433.7 444.8 0.12 %
La Mount Group LLC (#,^) 3111 Princeton Rd., Hamilton, OH 45011 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/31/2029 213.8 213.8 195.7 0.05 %
Accord Law, APC (#,^) 82555 Grass Flat Lane, Indio, CA 92203 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/2/2029 6.3 6.3 5.8 — %
Leader Engineering-Fabrication, Inc. (#,^) 695 Independence DrIive, Napoleon, OH 43545 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 8/2/2029 105.8 105.8 110.6 0.03 %
A & S Services LLC dba Kona Ice of Troy (#) 3888 Lightner Rd., Vandalia, OH 45377 Food Services and Drinking Places Term Loan Prime plus 6.5% 8/7/2029 10.8 10.8 11.2 — %
Elixir Enterprises, LLC dba Guilford Renee's (#,^) 637 Boston Post Rd., Guilford, CT 06437 Food and Beverage Stores Term Loan Prime plus 2.75% 8/8/2029 16.5 16.5 15.1 — %
Love Playing LLC (#) 2200 Eastridge Loop, San Jose, CA 95122 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/9/2030 153.2 153.2 146.1 0.04 %
KM Electrical Services, Inc (#,^) 4348 Waialae Ave Unit 315, HONOLULU, HI 96816 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/12/2029 66.4 66.4 60.9 0.02 %
80
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Ranson Excavating, Inc (#,^) 8343 Kaula Dr., Fair Oaks, CA 95628 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/13/2029 12.5 12.5 11.4 — %
Accelerate Educational Solutions, LLC dba Tutor My Success (#,^) 135 Clove Branch Rd., Hopewell Junction, NY 12533 Educational Services Term Loan Prime plus 2.75% 8/14/2029 14.6 14.6 13.4 — %
Accent Home Services LLC dba Benjamin Franklin Plumbing of Kansas City (#,^) 7748 Troost Ave., Kansas City, MO 64131 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/15/2029 95.0 95.0 93.5 0.03 %
AJN Innovations LLC dba Burgerim (#) 6704 Main St., Miami Lakes, FL 33014 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/15/2031 114.1 114.1 106.3 0.03 %
American Healthy Vending, Inc (#,^) 5951 NW 151 St., Hialeah, FL 33014 Nonstore Retailers Term Loan Prime plus 2.75% 8/15/2029 89.7 89.7 85.7 0.02 %
Signature Rooms, Inc. (#,^) 2066 Route 112, Medford, NY 11763 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 8/19/2029 142.5 142.5 148.9 0.04 %
William Martinez dba Bad Ass Coffee of Hawaii (#) 14101 Main St., Suite 4101, Hesperia, CA 92345 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/20/2029 19.5 19.5 18.2 — %
Auto Unique LLC (#,^) 305 W Main St., Mayo, FL 32066 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 8/20/2044 11.8 11.8 13.4 — %
MB Nursery LLC dba The Garden Center (#,^) 15562 HWY-South, Whitehouse, TX 75791 Administrative and Support Services Term Loan Prime plus 2.75% 8/21/2029 79.0 79.0 82.5 0.02 %
Metro R Services Inc. and Metal & Roof Supplies, Inc. (#,^) 20 Universal Place, Carlstadt, NJ 07072 Repair and Maintenance Term Loan Prime plus 2.75% 8/21/2029 163.6 163.6 163.1 0.04 %
MS Integrated Psychotherapy & Counseling, LLC (#,^) 1157 Main St., Clifton, NJ 07011 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/22/2029 62.7 62.7 60.8 0.02 %
The Roux Southern Kitchen, LLC (#,^) 252 FM 3162, Sandia, TX 78383 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/22/2029 15.3 15.3 16.0 — %
PJT Logistics, Inc. (#,^) 2-4 Commerce Way, Auburn, NY 13021 Truck Transportation Term Loan Prime plus 2.75% 8/23/2029 42.6 42.6 44.5 0.01 %
SRJ construction Corp (#,^) 8358 W Oakland Park Blvd. #203E, Sunrise, FL 33351 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/23/2029 9.5 9.5 8.9 — %
Elite Motors LLC (#,^) 1046-1050 Orange Ave., West Haven, CT 06516 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 8/23/2029 75.0 75.0 78.3 0.02 %
ADA Internacional Inc (#,^) 10891 La Reina Rd., Suite 100, Delray Beach, FL 33446 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 8/26/2029 19.0 19.0 17.4 — %
Crystal S. Prado dba Crystal Clear Accounting (#) 34099 Tuscan Creek Way, Temecula, CA 92592 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 8/26/2029 2.8 2.8 2.9 — %
The Hometown Welcome Program, Inc & Fredric Anthony Gushwa (#,^) 107 S Nottawa St, Sturgis, MI 49091 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/27/2029 82.3 82.3 79.7 0.02 %
Maryland Urgent Care, Inc. (#,^) 9831 Greenbelt Rd Suite 208 (Unit H-2), Lanham, MD 20706 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/27/2044 44.4 44.4 49.4 0.01 %
HRS2, LLC (#,^) 5410 Pipers Creek Court, Sugar Land, TX 77479 Nonstore Retailers Term Loan Prime plus 2.75% 8/28/2029 195.5 195.5 197.5 0.05 %
DB Talak LLC (#,^) 2018 SE 6th Ave, Portland, OR 97214 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/28/2029 80.1 80.1 83.7 0.02 %
81
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Khari E. J. Myers dba Khari Imagery & 190 Minerva LLC (#,^) 190 Minerva St., Tonawanda, NY 14150 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/28/2044 57.9 57.9 65.4 0.02 %
Linsey Schwertdfeger,, Inc. (#,^) 740 Dennery Rd, San Diego, CA 92154 Repair and Maintenance Term Loan Prime plus 2.75% 8/28/2029 59.9 59.9 55.6 0.02 %
Blue Eagle Transport Inc.,Golden Eagle Tran and Green Eagle Transpor (#,^) 377 Boston Post Rd., Milford, CT 06460 Couriers and Messengers Term Loan Prime plus 2.75% 8/28/2029 412.9 412.9 390.6 0.11 %
Double Scoop Ice Cream, LLC (#,^) 2970 Stonecrest Pass, Lithonia, GA 30038 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/29/2044 93.2 93.2 102.2 0.03 %
Camror LTD dba Jersey Mike's (#,^) 5946 Meijer Dr., Cincinnati, OH 45150 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/29/2030 76.2 76.2 79.9 0.02 %
3C Consumer Network & Designs LLC (#,^) 7676 Hillmont St., Suite 109, Houston, TX 77040 Real Estate Term Loan Prime plus 2.75% 8/29/2029 12.7 12.7 12.0 — %
Esquire Mini Mart LLC & Morgan Store Building LLC (#,^) 12595 S Somerton Ave, Yuma, AZ 85365 Food and Beverage Stores Term Loan Prime plus 2.75% 8/29/2029 43.3 43.3 43.2 0.01 %
Groton Bowling Center and Entertainment Inc (#,^) 27 Kings Hwy, Groton, CT 06340 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/29/2044 930.1 930.1 1,023.3 0.28 %
Crown Heights Bunch O Bagels & More Inc & 361 Bagel Holding LLC (#,^) 361 Troy Ave., Brooklyn, NY 11213 Food and Beverage Stores Term Loan Prime plus 2.75% 8/29/2029 33.8 33.8 35.3 0.01 %
No Push Backs, LLC (#) 5405 Neshaminy Blvd, Bensalem, PA 19020 Personal and Laundry Services Term Loan Prime plus 6.5% 8/30/2029 10.5 10.5 10.9 — %
Dog House Sportfishing Charters Inc (#) 83413 Overseas Hwy., Islamorada, FL 33036 Scenic and Sightseeing Transportation Term Loan Prime plus 6.5% 8/30/2029 10.8 10.8 11.2 — %
Eco Electric LLC (#,^) 5380 Cameron St, Las Vegas, NV 89118 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/5/2029 55.9 55.9 51.2 0.01 %
SVT Masonry Limited Liability Company (#,^) 1208 Houghton Lane, Bennington, VT 05201 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/5/2029 63.1 63.1 64.0 0.02 %
Philly Games Inc.dba Queen & Rock Game Cafe (#,^) 607-609 S 2nd St., Philadelphia, PA 19147 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/5/2029 53.0 53.0 48.8 0.01 %
Body on Cue Health and Fitness LLC (#,^) 129 A Orpha Dr., Middlebury, IN 46840 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/6/2029 38.3 38.3 35.5 0.01 %
Covert Recordings LLC (#,^) 31-65 138th St. Apartment 3K, Flushing, NY 11354 Rental and Leasing Services Term Loan Prime plus 2.75% 9/11/2029 10.1 10.1 10.4 — %
Prime Precision Machining, LLC (#,^) 845 Mandoline Ave, Madison Heights, MI 48071 Real Estate Term Loan Prime plus 2.75% 9/11/2044 267.9 267.9 292.7 0.08 %
Prime Precision Machining, LLC (#,^) 845 Mandoline Ave, Madison Heights, MI 48071 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/11/2029 200.8 200.8 190.2 0.05 %
Miami Squeeze Inc dba Miami Squeeze, LLC (#,^) 18315 W. Dixie Hwy., North Miami Beach, FL 33160 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/11/2029 98.3 98.3 94.3 0.03 %
Oak Park Social LLC (#) 14691 W 11 Mile Rd, Oak Park, MI 48237 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/12/2045 130.0 130.0 141.7 0.04 %
New Flow Plumbing and Rooter Inc. (#,^) 6718 Katherin Ave., Van Nuys, CA 91405 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/12/2029 31.6 31.6 29.2 0.01 %
The Steel Method LLC dba Sneeze It (#,^) 250 Passaic Ave Suite 200, Fairfield, NJ 07004 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/12/2029 143.6 143.6 131.8 0.04 %
82
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

ACSS CPA, LLC (#,^) 1016 S Texas Blvd, Weslaco, TX 78599 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/12/2044 38.6 38.6 42.4 0.01 %
Bay Bowl Inc dba Shasta Lanes (#,^) 11093 Black Marble Way, Redding, CA 96003 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/13/2044 518.5 518.5 585.4 0.16 %
Game Station, Inc. (#,^) 2917 1st Ave SE, Cedar Rapids, IA 52402 Rental and Leasing Services Term Loan Prime plus 2.75% 9/16/2029 17.2 17.2 16.8 — %
Win Health Institute, LLC (#,^) 711 E Valley Rd, Basalt, CO 81621 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/17/2029 6.4 6.4 6.0 — %
Vancole Investments, Inc. dba Smoothie King #913 &;Dream Developmenf G (#,^) 876 Virginia Ave., Hapeville, GA 30354 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/17/2029 10.2 10.2 9.3 — %
Natalie Hart LLC dba Lady of Luxury &dba Country Sugar Events, dba Que (#) 1702 Fawn Gate St, San Antonio, TX 78248 Personal and Laundry Services Term Loan Prime plus 2.75% 12/17/2029 52.2 52.2 51.1 0.01 %
Payne's Enviromental Service, LLC dba Bamaco (#,^) 5617 Causeway Blvd., Tampa, FL 33619 Administrative and Support Services Term Loan Prime plus 2.75% 9/18/2044 503.6 503.6 544.9 0.15 %
Host Marketing, LLC (#) 206 Bell Lane, Suite B, West Monroe, LA 71291 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 9/18/2029 10.9 10.9 11.3 — %
Standard Real Estate Services LLC (#) 500 West Silver Spring Dr., Suite K 200,, Glendale, WI 53217 Real Estate Term Loan Prime plus 6.5% 9/19/2029 10.9 10.9 11.3 — %
Unified Utility Services LLC (#,^) 206 Frankie Lane, Ladson, SC 29456 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 9/20/2044 152.4 152.4 172.1 0.05 %
Flamingo Bowl, Inc (#,^) 3301 N 23rd St., McAllen, TX 78501 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/24/2029 188.5 188.5 182.7 0.05 %
Quality Machine of Iowa, Inc (#,^) 1040 4th Ave., Audubon, IA 50025 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/25/2029 57.5 57.5 60.1 0.02 %
Byler, Wolfe, Lutsch and Kampfer CPAs, Inc (#,^) 360 East State St., Salem, OH 44460 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/25/2044 51.5 51.5 54.4 0.01 %
Anderson's Outdoor Adventures, LLC (#,^) 4060 SW County Rd 232, Bell, FL 32619 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/25/2029 19.3 19.3 19.9 0.01 %
Santa Fe Flooring LLC (#,^) 3711 Paseo Del Norte NE, Albuquerque, NM 87113 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 9/26/2029 434.4 434.4 409.8 0.11 %
Adam's Construction & General Contracting LLC (#,^) 7808 N Custer Rd., Freesoil, MI 49411 Construction of Buildings Term Loan Prime plus 2.75% 9/26/2029 62.7 62.7 59.2 0.02 %
Zima Dining Inc. dba Country Kitchen (#,^) 1497 N Mt. Vernon Ave., Colton, CA 92324 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/27/2029 53.6 53.6 56.0 0.02 %
Wagner & Sons Inc (#,^) 22365 Alydar Dr., Lexington Park, MO 20653 Nonstore Retailers Term Loan Prime plus 2.75% 9/27/2029 16.0 16.0 14.7 — %
Hoagie Barmichaels Inc (#,^) 1101 River Rd., New Windsor, NY 12553 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/27/2044 109.0 109.0 116.3 0.03 %
Universe Appliance Repairs Inc. (#,^) 3790 Merrick Rd., Seaford, NY 11783 Repair and Maintenance Term Loan Prime plus 2.75% 9/27/2044 566.7 566.7 606.3 0.17 %
Double H Services, LLC, C&T Oil Field Services, LLC and Brian S. Holma (#,^) 3721 North 162nd St., Garber, OK 73701 Support Activities for Mining Term Loan Prime plus 2.75% 9/27/2029 953.1 953.1 919.1 0.25 %
Aztec Machine & Repair Inc, Cranrd & Material (#,^) 1715 N 1st St, Bloomfield, NM 87413 Repair and Maintenance Term Loan Prime plus 2.75% 9/27/2044 687.3 687.3 744.4 0.20 %
83
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Titan Laser Screed Concrete Services, LLC (#,^) 8908 Wildlife Lane, Sanford, FL 32771 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/27/2029 42.5 42.5 39.9 0.01 %
Zmetra Clearspan Structures LLC (#,^) 2 Old Worcester Rd., Webster, MA 01571 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 9/27/2044 424.2 424.2 478.9 0.13 %
Stiegelbauer Associates Inc. (#,^) 63 Flushing Ave Unit 342, Brooklyn, NY 11205 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/27/2029 170.4 170.4 156.4 0.04 %
Universe Appliance Repairs Inc. (#,^) 3790 Merrick Rd., Seaford, NY 11783 Repair and Maintenance Term Loan Prime plus 2.75% 9/27/2029 563.7 563.7 539.3 0.15 %
Cherry and Candlewood Inc dba Aamco (#,^) 3029 South St., Long beach, CA 90805 Repair and Maintenance Term Loan Prime plus 2.75% 9/27/2044 418.2 418.2 472.1 0.13 %
A Child's Dream Educational Center LLC (#,^) 4127 NW 34th St., Gainsville, FL 32605 Social Assistance Term Loan Prime plus 2.75% 9/30/2029 173.8 173.8 159.8 0.04 %
Heart and Vascular Associates of Tampa, LLC (#,^) 17 David Blvd., Tampa, FL 33606 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/30/2044 747.3 747.3 803.0 0.22 %
DG Business Solutions, Inc (#,^) 11008 Rene St., Lenexa, KS 66215 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/30/2029 200.8 200.8 185.3 0.05 %
A Child's Dream Educational Center LLC (#,^) 4127 NW 34th St., Gainesville, FL 32605 Social Assistance Term Loan Prime plus 2.75% 9/30/2044 177.3 177.3 196.8 0.05 %
Joseph P Fusco DDS PC (#,^) 77 N Centre Ave., Rockville Centre, NY 11570 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/30/2029 56.5 56.5 51.9 0.01 %
International Protection Group, LLC (#,^) 481 8th Ave. Suite 1130, New York, NY 10001 Administrative and Support Services Term Loan Prime plus 2.75% 9/30/2029 70.2 70.2 71.0 0.02 %
In Power Motors, LLC, In-Power Motors II LLC, In-Power Motors III LLC (#,^) 2301 W. Buckeye Rd., Phoenix, AZ 85009 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 9/30/2044 602.9 602.9 655.9 0.18 %
AV Strategy, Inc (#,^) 9468 American Eagle Way Suite 100, Orlando, FL 32837 Rental and Leasing Services Term Loan Prime plus 2.75% 9/30/2029 239.5 239.5 231.2 0.06 %
Meldi Maa, Inc dba The River Complex (#,^) 74 S Main St., Woonsocket, RI 02895 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2044 408.7 408.7 458.4 0.13 %
Atlantic Pacific Hospitality Solutions Inc dba North Beach Bistro (#,^) 725 Atlantic Blvd, Atlantic Beach, FL 32233 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2029 7.5 7.5 6.8 — %
50 Taps, LLC dba Colorado Taproom & Grill (#,^) 19539 Hess Rd. Suite Suite #101, Parker, CO 80134 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2029 66.0 66.0 61.1 0.02 %
Crown Waste Corp (#,^) 1 Plainview Rd., Bethpage, NY 11714 Waste Management and Remediation Services Term Loan Prime plus 2.75% 9/30/2029 42.6 42.6 41.0 0.01 %
Paketo LLC dba West Loop UPS Store (#,^) 623 W Lake St., Chicago, IL 60661 Couriers and Messengers Term Loan Prime plus 2.75% 10/4/2029 14.1 14.1 13.2 — %
Q2 Ventures, LLC (#,^) 2805 W Arimo Rd., Arimo, ID 83214 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 10/8/2029 152.2 152.2 156.3 0.04 %
Glenda D Brewer dba Bargain Store (#) 107 Tabernacle Church Rd., Candor, NC 27229 General Merchandise Stores Term Loan Prime plus 6.5% 10/11/2029 11.0 11.0 11.4 — %
S&D Beauty Spa Inc dba Elite Nails, dba Bella's Nails &dba Onyx Nail b (#,^) 5604 Slide Rd., Lubbock, TX 79414 Personal and Laundry Services Term Loan Prime plus 2.75% 10/11/2029 145.5 145.5 135.1 0.04 %
The Cow Harbor Beer Company LLC dba Sand City Brewing Co. (#) 19 Scudder Ave., Northport, NY 11768 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 2/11/2031 290.0 290.0 276.1 0.08 %
84
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Pine Mountain Residential LLC (#) 10240 Cosmopolitan Circle, Parker, CO 80134 Specialty Trade Contractors Term Loan Prime plus 6.5% 10/16/2029 11.0 11.0 11.4 — %
Powerlift Dumbwaiters, Inc (#) 2444 Georgia Slide Rd., Georgetown, CA 95634 Machinery Manufacturing Term Loan Prime plus 6.5% 10/16/2029 10.6 10.6 11.1 — %
UNIQUE PAVER INSTALLATIONS, INC. (#,^) 4930 Mars Hill Rd., Bogart, GA 30622 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/17/2029 19.9 19.9 19.0 0.01 %
Owens Family and Cosmetic Dentistry PLLC (#,^) 403 E College St., Pulaski, TN 38478 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/17/2029 232.4 232.4 219.2 0.06 %
Roughcut LLC (#,^) 41540 National Rd, Belmont, OH 43718 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/17/2029 437.1 437.1 457.5 0.12 %
Todd's Car Wash, LLC (#,^) 5505 Johnston St., Lafayette, LA 70506 Repair and Maintenance Term Loan Prime plus 2.75% 10/18/2044 332.1 332.1 375.0 0.10 %
James Clark and Company, Inc. (#) 8885 Haven Ave., Suite 120, Rancho Cucamonga, CA 91730 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 10/22/2029 11.0 11.0 11.4 — %
Pyle Garage Doors OKC, INC dba Precision Door Service OKC (#,^) 8860 S Sunnylane Rd., Oklahoma City, OK 73135 Repair and Maintenance Term Loan Prime plus 2.75% 10/22/2029 12.6 12.6 11.5 — %
Fimac Inc dba American Educational Services (#,^) 26300 La Alameda, Suite 200, Mission Viejo, CA 92691 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/23/2029 19.3 19.3 17.8 — %
Sultan's Palace L.L.C. (#,^) 8125 West Sahara Ave., Suite 300, Las Vegas, NV 89117 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/24/2029 18.1 18.1 17.2 — %
Diamond Solutions LLC (#,^) 8321 E Gelding Dr., Scottsdale, AZ 85260 Machinery Manufacturing Term Loan Prime plus 2.75% 10/25/2029 10.9 10.9 10.0 — %
Jbang LLC, WM Bang LLC, Bang Investments LLC (#) 125 Westchester Ave., White Plains, NY 10601 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/25/2029 60.2 60.2 62.2 0.02 %
Four Ace Electrical Services Corporation (#,^) 3723 Far Niente Way, Sacramento, CA 95834 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/25/2029 10.3 10.3 9.5 — %
Landmark Ventures USA, Inc (#,^) 475 Park Ave. S, 25th Floor, New York, NY 10016 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 10/25/2029 90.0 90.0 82.6 0.02 %
Marnon Vending LLC dba Naturals 2 Go San Antonio (#,^) 6713 Biscay Hbr, San Antonio, TX 78249 Nonstore Retailers Term Loan Prime plus 2.75% 10/28/2029 6.8 6.8 6.6 — %
Proximo Consulting Services Inc (#,^) 2500 Plaza 5, Jersey City, NJ 07311 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/28/2029 64.3 64.3 59.0 0.02 %
Corple Enterprises, Inc (#,^) 17887 US-380, Ponder, TX 76259 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 10/28/2029 143.6 143.6 146.3 0.04 %
Perisseia Physicians LLC (#,^) 1644 Lebanon Rd., Lawrenceville, GA 30043 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/28/2044 386.5 386.5 419.3 0.11 %
OWL Inc, (#,^) 5300 S Orange Blossom Trail, Orlando, FL 32839 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 10/28/2029 182.2 182.2 167.1 0.05 %
Lightning Strike Distributing, LLC dba Jedidiah's Jerky & Gournet Snac (#,^) 9912 Arizona Dr, Mohave Valley, AZ 86440 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 10/30/2029 55.7 55.7 51.8 0.01 %
85
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Plastic Depot, Inc (#,^) 363 East Alondra Blvd, Gardena, CA 90248 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 10/30/2029 135.7 135.7 124.5 0.03 %
BGB Leasing Co. (#,^) 50 Industrial Park Rd., Princeton, KY 42445 Truck Transportation Term Loan Prime plus 2.75% 10/30/2044 87.0 87.0 98.2 0.03 %
Blue Agave & Brothers, LLC dba Blue Apachie Mexican Restaurant and Blu (#,^) 905 Savoy Rd., Youngsville, LA 70592 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/30/2029 62.5 62.5 58.2 0.02 %
Paul Wintner dba P & R Props (#,^) 23901 Calabasas Rd., Calabasas, CA 91302 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 10/30/2029 48.2 48.2 44.2 0.01 %
BGB Leasing Inc and BGB Leasing Co. (#,^) 50 Industrial Park Rd, Princeton, KY 42445 Truck Transportation Term Loan Prime plus 2.75% 10/30/2029 994.6 994.6 962.2 0.26 %
Automotive Solutions, LLC (#,^) 1910 W. Dupont Rd., Fort Wayne, IN 46818 Repair and Maintenance Term Loan Prime plus 2.75% 10/31/2044 292.1 292.1 324.3 0.09 %
Sunburst Trout Farm, LLC (#,^) 314 Industrial Park Dr, Waynesville, NC 28786 Fishing, Hunting and Trapping Term Loan Prime plus 2.75% 10/31/2029 57.9 57.9 60.6 0.02 %
Automotive Standard, LLC (#,^) 4028 Coldwater Rd., Fort Wayne, IN 46805 Repair and Maintenance Term Loan Prime plus 2.75% 10/31/2044 135.3 135.3 150.9 0.04 %
D & H Construction Services, Inc. (#,^) 711 Hospital St., Richmond, VA 23219 Construction of Buildings Term Loan Prime plus 2.75% 10/31/2029 120.0 120.0 113.7 0.03 %
Fave Realty, Inc. (#,^) 217-84 Hempstead Ave., Jamaica, NY 11429 Real Estate Term Loan Prime plus 2.75% 10/31/2044 113.0 113.0 127.6 0.03 %
Jessie's Radiator and Automotive (#,^) 1777 N Ventura Ave., Ventura, CA 93001 Repair and Maintenance Term Loan Prime plus 2.75% 10/31/2029 14.7 14.7 14.4 — %
Mariscos El Oceano, Inc. (#,^) 5960 S Archer Ave, Chicago, IL 60638 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/31/2044 122.7 122.7 138.2 0.04 %
Maine Service Corp (#,^) 59-24 55th St., Maspeth, NY 11378 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 10/31/2029 107.2 107.2 112.2 0.03 %
Kerzner Contracting Corp (#,^) 1620 Ocean Ave., Bohemia, NY 11716 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/31/2029 96.5 96.5 88.5 0.02 %
The Committed Pig LLC (#,^) 28 West Park Place, Morristown, NJ 07090 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/31/2029 255.4 255.4 267.3 0.07 %
L& F Gullo Service Corp (#,^) 520 Main St, Westbury, NY 11590 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 10/31/2029 150.0 150.0 137.6 0.04 %
Guru Kirpa, Inc (#,^) 3006 New Castle Ave., New Castle, DE 19720 Gasoline Stations Term Loan Prime plus 2.75% 10/31/2044 188.9 188.9 205.7 0.06 %
Sunburst Trout Farm, LLC (#,^) 314 Industrial Park Dr., Waynesville, NC 28786 Fishing, Hunting and Trapping Term Loan Prime plus 2.75% 10/31/2044 224.8 224.8 253.7 0.07 %
MJ Group, Inc (#,^) 26691 Loma Verde, Mission Viejo, CA 92691 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/31/2029 18.2 18.2 16.7 — %
C&P Trading and Sales Inc (#,^) 950 Peninsula Corporate Circle Suite 3016, Boca Raton, FL 33487 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 10/31/2029 214.6 214.6 196.9 0.05 %
11900 Marshfield Station Inc (#,^) 11900 S Marshfield Ave., Calumet Park, IL 60827 Gasoline Stations Term Loan Prime plus 2.75% 10/31/2044 1,229.9 1,229.9 1,377.2 0.38 %
Link Recreational, Inc (#,^) 304 Business Hwy. 53, Minong, WI 54859 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/7/2044 380.9 380.9 427.3 0.12 %
Link Recreational, Inc (#,^) 304 Business Hwy. 53, Minong, WI 54859 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/7/2029 739.6 739.6 685.7 0.19 %
86
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Integrated Vascular Services LLC (#,^) 1452 Franklin Ave, Salem, OR 44460 Ambulatory Health Care Services Term Loan Prime plus 2.75% 11/8/2029 69.1 69.1 63.7 0.02 %
Airbar Inc (#,^) 5 N Station Plaza, Great Neck, NY 11021 Personal and Laundry Services Term Loan Prime plus 2.75% 11/8/2029 19.5 19.5 17.9 — %
East River Plumbing, LLC (#,^) 997 E Loop, Priest River, ID 83856 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/8/2044 48.4 48.4 53.9 0.01 %
NJ Floats, Inc (#) 327 Route 202/206, Bedminster Township, NJ 07921 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 6/12/2046 274.0 274.0 307.5 0.08 %
HH Wireless Connect LLC (#,^) 48267 Deer Trail Dr., Canton, MI 48187 Electronics and Appliance Stores Term Loan Prime plus 2.75% 11/12/2029 7.1 7.1 6.5 — %
Ameen Enterprises, LLC dba Bargain Town (#,^) 1111 E Washington St, Stephenville, TX 76401 Gasoline Stations Term Loan Prime plus 2.75% 11/12/2029 108.0 108.0 112.3 0.03 %
Steven French dba French Woodworking (#,^) 1101 Horizon Dr. Suite 101, Fairfield, CA 94533 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/12/2044 60.5 60.5 68.3 0.02 %
Adrienne's Gourmet Foods, Imagine Baking Inc (#,^) 1034 Hancock St., Sandusky, OH 44870 Food Manufacturing Term Loan Prime plus 2.75% 11/12/2044 393.0 393.0 443.7 0.12 %
Potomac Nail Spa Corporation (#,^) 14901 Potomac Town Place,, Woodbridge, VA 22191 Personal and Laundry Services Term Loan Prime plus 2.75% 11/12/2029 48.0 48.0 44.2 0.01 %
Two Roses Salon 1, Inc.dba National Fluid Power Institute and NFPI (#,^) 908 S Jefferson St., Amarillo, TX 79101 Educational Services Term Loan Prime plus 2.75% 11/12/2029 341.2 341.2 330.4 0.09 %
James Richard Farkas Jr. dba Lil Black Bear Inn (#,^) 8072 State Rd. 46 East, Nashville, TN 47448 Accommodation Term Loan Prime plus 2.75% 11/12/2044 105.7 105.7 115.3 0.03 %
SSD Designs LLC (#,^) 486 Vance St, Forest City, NC 28043 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 1/12/2030 326.5 326.5 316.6 0.09 %
Adrienne's Gourmet Foods, Imagine Baking, Inc (#,^) 1034 Hancock St., Sandusky, OH 44870 Food Manufacturing Term Loan Prime plus 2.75% 11/12/2029 457.2 457.2 462.5 0.13 %
Ninth Avenue, LLC (#) Empire Mall, 5000 W Empire Place, Room 916, Sioux Falls, SD 57106 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/14/2030 59.4 59.4 55.7 0.02 %
Sean McNamara (#) 5639 Wood Lane, Allentown, PA 18106 Nonstore Retailers Term Loan Prime plus 6.5% 11/14/2029 11.0 11.0 11.5 — %
Rockin Robin Music Lessons LLC (#,^) 9029 Hwy 6, Suite 160, Missouri City, TX 77459 Educational Services Term Loan Prime plus 2.75% 11/14/2029 8.0 8.0 7.4 — %
Winning Sales Plan Inc (#,^) 17811 Fairhaven Gateway, Cypress, TX 77433 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/14/2029 43.2 43.2 45.2 0.01 %
The Pinnacle Development Group Inc dba The Goddard School (#) 105 Springside Dr., Akron, OH 44333 Social Assistance Term Loan Prime plus 6.5% 11/14/2029 11.0 11.0 11.5 — %
Lindsley Excavating LLC (#,^) 92 Town Line Rd., Fulton, NY 13069 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/15/2029 166.4 166.4 165.3 0.05 %
MToxins Venom Lab LLC (#,^) 717 Oregon St., Oshkosh, WI 54902 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/15/2044 98.0 98.0 106.3 0.03 %
SSH Princeton LLC dba Stumpy's Hatchet House of Princeton (#) 745 Alexander Rd., Suite 1-3, Princeton, NJ 08540 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/15/2030 38.5 38.5 35.3 0.01 %
87
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Champions Of Diversity Media Inc dba Champions of Diversity: Politics (#,^) 5100 Transamerica Dr., Columbus, OH 43228 Administrative and Support Services Term Loan Prime plus 2.75% 11/15/2044 70.1 70.1 78.6 0.02 %
Ryan & Selena LLC dba Head of the Class Learning Center (#,^) 1836 Kathleen Rd., Lakeland, FL 33805 Social Assistance Term Loan Prime plus 2.75% 11/18/2044 431.1 431.1 475.0 0.13 %
AD Learning Group, LLC dba The Learning Experience & AD Learning NH LL (#,^) 181 Shunpike Rd., Cromwell, CT 06416 Social Assistance Term Loan Prime plus 2.75% 11/18/2029 118.8 118.8 108.9 0.03 %
AMH Construction, Inc. (#,^) 30 South Ivey Lane, Orlando, FL 32811 Construction of Buildings Term Loan Prime plus 2.75% 11/20/2029 64.8 64.8 65.4 0.02 %
AMH Construction, Inc. (#,^) 30 South Ivey Lane, Orlando, FL 32811 Construction of Buildings Term Loan Prime plus 2.75% 11/20/2044 266.0 266.0 297.0 0.08 %
Cable Management LLC (#,^) 290 Pratt St., Meriden, CT 06450 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/20/2029 118.8 118.8 113.5 0.03 %
Weeping Willow Kennel Inc (#,^) 6041 Hammond School Rd., Salisbury, MD 21804 Personal and Laundry Services Term Loan Prime plus 2.75% 11/21/2029 3.9 3.9 4.1 — %
Coral Springs Family Wellness LLC (#) 2902 North University Dr., Coral Springs, FL 33065 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/21/2030 110.1 110.1 101.7 0.03 %
Semplice Cafe LLC (#,^) 209 N Main St., Breckenridge, CO 80424 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/21/2029 15.5 15.5 14.5 — %
Cobb Roofing LLC (#,^) 8101 NW 10th St, Oklahoma City, OK 73127 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/21/2029 50.1 50.1 46.0 0.01 %
The Rollin' Trapp LLC (#,^) 1731 Prevatt Rd, Dothan, AL 36301 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/21/2029 6.9 6.9 6.7 — %
S&C Cookies, Inc (#,^) 1969 Jericho Turnpike, East Northport, NY 11731 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 11/22/2029 48.6 48.6 44.6 0.01 %
Best Choice Meats, Inc, (#,^) 12646 S Springfield Ave, Alsip, IL 60803 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/22/2044 1,300.9 1,300.9 1,447.1 0.40 %
ZUMI LLC dba Allstate Insurance (#,^) 1537 W 79th St, Chicago, IL 60620 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 11/22/2029 10.4 10.4 10.8 — %
A&N Design Studios Inc dba Door3 Business Application (#) 370 Lexington Ave. Suite 1806, Manhattan, NY 10007 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/22/2029 78.1 78.1 75.5 0.02 %
Cum Laude Enterprises, LLC (#) 15218 Penn Hills Lane, Houston, TX 77062 Nonstore Retailers Term Loan Prime plus 2.75% 11/22/2029 16.6 16.6 16.3 — %
Place Vendome Holding Co. Inc.dba R&F Marketing (#) 308 Glenwood Rd., Swainsboro, GA 30401 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/22/2044 426.8 426.8 444.7 0.12 %
Peanut Butter & Co Inc (#,^) 119 West 57th St., Suite 300, New York, NY 10019 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/22/2029 161.9 161.9 148.5 0.04 %
Place Vendome Holding Co Inc.dba R&F Marketing (#) 610 East Main St., Swainsboro, GA 30401 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/22/2029 212.5 212.5 208.1 0.06 %
B.S Carrier LLC and United Truck & Trailer Repair LLC (#) 3716 Garman Rd., Salem, VA 24153 Truck Transportation Term Loan Prime plus 2.75% 11/25/2029 204.0 204.0 205.5 0.06 %
Hurricane Group, Inc.dba Crate Club Group (#) 101 San Patricio Ave., Suite 860, Guaynabo, PR 00968 Other Information Services Term Loan Prime plus 2.75% 11/25/2029 46.6 46.6 42.7 0.01 %
Fullmer's Landscaping, Inc. (#) 9547 W Third St., Dayton, OH 45417 Administrative and Support Services Term Loan Prime plus 2.75% 11/26/2029 164.9 164.9 155.9 0.04 %
88
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Ultra Flow Dispense, LLC (#) 820 Prospect Hill Rd., Windsor, CT 06095 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/26/2029 89.8 89.8 82.7 0.02 %
Ford Custom Renovation LLC (#,^) 405 BRd.way St., Muncy, PA 17756 Construction of Buildings Term Loan Prime plus 2.75% 11/26/2029 7.1 7.1 6.6 — %
American Bio Source, LLC dba Dieselgreen Fuels (#) 2522 N Hwy. 287, Decatur, TX 76234 Waste Management and Remediation Services Term Loan Prime plus 2.75% 11/27/2029 52.8 52.8 55.2 0.02 %
Codorado, Inc. dba Dentalmart (#,^) 10 Glorieta Rd., Sante Fe, NM 87508 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/27/2029 9.1 9.1 8.3 — %
Loading Arms Plus Inc (#) 5401 Mitchelldale St., Suite B4, Houston, TX 77092 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/27/2029 68.4 68.4 63.5 0.02 %
Behind the Scenes Chicago, LLC dba Paramount Events (#) 1750 W Lake St., Chicago, IL 60612 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/27/2029 321.0 321.0 307.8 0.08 %
Alice's Tea Cup, ATC !! LLC and ATC 111, LLC (#) 102 W 73rd St., New York, NY 10023 Food Manufacturing Term Loan Prime plus 2.75% 11/27/2029 254.6 254.6 235.9 0.06 %
Haversack Holdings LLC (#) 7930 W Kenton Circle, Suite 260, Huntersville, NC 28078 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/27/2029 108.0 108.0 99.0 0.03 %
Roots'n Shoots, LLC (#) 86 Boston Rd, Chelmsford, MA 01824 Administrative and Support Services Term Loan Prime plus 2.75% 11/27/2029 9.2 9.2 8.4 — %
Kanti Group Inc, Marina 84 Sport Bar & Grill LLC and Pub 52 Sports (#) 2440 Wesr State Rd 84, Fort Lauderdale, FL 33312 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/27/2029 142.4 142.4 131.8 0.04 %
Mega Sales Detergent Distributor, LLC (#,^) 1 Ackerman Ave., Clifton, NJ 07011 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/29/2029 43.2 43.2 39.6 0.01 %
Soto Injury Law Firm, PA and My Attorney Inc (#) 2050 Capital Circle NE Suite B, Tallahassee, FL 32308 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/3/2029 56.1 56.1 51.5 0.01 %
Hook Line and Schooner Vinings LLC (#) 400 West Village Way #3009, Smyrna, GA 30008 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/4/2029 19.6 19.6 18.9 0.01 %
Clearwater Engineering Inc (#) 301 N River St., Derby, KS 67037 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 12/5/2029 513.3 513.3 492.5 0.13 %
Used Tire Express 1, Corp (#) 437 N. Battlefield, Chesapeake, VA 23320 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 12/5/2029 75.0 75.0 70.9 0.02 %
Standard Capital Corp (#) 2349 Wessington Dr., Virginia Beach, VA 23456 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 12/5/2029 11.2 11.2 11.7 — %
DB Talak LLC (#) 2018 SE 6th Ave., Portland, OR 97214 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/6/2044 151.5 151.5 171.0 0.05 %
The Stout Group LLC (#) 10850 NW 138th St, Hialeah Gardens, FL 33018 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/6/2029 203.8 203.8 195.1 0.05 %
Eagle Eye Truck Lines LLC and Eagle Eye Logistics LLC (#) 560 56th St SW, Grand Rapids, MI 49548 Truck Transportation Term Loan Prime plus 2.75% 12/6/2029 958.4 958.4 889.2 0.24 %
Bay Area Metal Fabricarion LLC (#) 510 -512 Stone Rd., Benicia, CA 94510 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/6/2029 119.0 119.0 114.2 0.03 %
Scott's Hardware, Inc., dba Medford Inc (#) 200 Tuckerton Rd., Medford, NJ 08055 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 6.5% 12/6/2029 11.1 11.1 11.6 — %
Glen Lamb dba Lambs Tree And Plant Health Care (#) 413 Pond Meadow Rd., Westbrook, CT 06498 Administrative and Support Services Term Loan Prime plus 2.75% 12/6/2029 16.3 16.3 15.7 — %
89
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Natalie Enterprise Inc (#) 2500 Grand Ave., Billings, MT 59102 Administrative and Support Services Term Loan Prime plus 2.75% 12/6/2029 17.6 17.6 18.4 0.01 %
Mazhar Family, Inc dba Edible Arrangements (#) 601 Portion Rd., Store #17, Lake Ronkonkoma, NY 11779 Nonstore Retailers Term Loan Prime plus 2.75% 12/6/2029 58.7 58.7 54.2 0.01 %
Wolf Pack, LLC (#) 939 South 25th East, Ste. 115, Ammon, ID 83406 Management of Companies and Enterprises Term Loan Prime plus 2.75% 3/6/2030 198.4 198.4 188.5 0.05 %
Elita 7, LLC and Behavioral Nutrition Inc. (#) 16 Marble St., Worchester, MA 01603 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 12/9/2029 282.5 282.5 279.7 0.08 %
Ciel Du Mel LLC dba Lala's Creamery (#) 134 Petaluma Blvd North, Petalumaca, CA 94952 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/10/2029 14.4 14.4 13.6 — %
Helping Hands Group Daycare dba Dawn to Dusk Learning and Child Care L (#) 10 Tremont Rd., Tremont, PA 17981 Social Assistance Term Loan Prime plus 2.75% 12/10/2044 37.8 37.8 42.0 0.01 %
SLCP Transport, LLC dba Aamco (#) 1407 Lomaland Dr., El Paso, TX 79935 Repair and Maintenance Term Loan Prime plus 2.75% 12/10/2029 54.4 54.4 53.4 0.01 %
Professional Plumbing Services of Nela, LLC (#) 99 Plum St, West Monroe, LA 71292 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/11/2029 15.7 15.7 15.8 — %
Chambers Funeral Home & Crematorium PA & Riverdale Park Crematory, LLC (#) 5801 Cleveland Ave., Riverdale, MD 20737 Personal and Laundry Services Term Loan Prime plus 2.75% 12/11/2044 290.6 290.6 328.1 0.09 %
CCD Construction Services LLC dba Clearwater Outdoor Design, CCD Exca (#) 175 W Borgfeld Dr., San Antonio, TX 78260 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/11/2044 109.0 109.0 120.4 0.03 %
Vaughn Chiropractic, PLLC dba Catalyst Chiropractic and Rehab (#) 10904 Baltimore St NE, Blaine, MN 55449 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/11/2029 36.1 36.1 33.2 0.01 %
Joyner5, Inc.dba British Swim School (#) 1000 Settlers Landing Court, Wake Forest, NC 27587 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/12/2029 19.6 19.6 18.0 — %
Stockton TRI Industries, LLC (#) 2141 E Anderson St, Stockton, CA 95205 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/12/2044 1,073.0 1,073.0 1,190.5 0.33 %
Belle Properties Northwest, Inc. (#) 223 Ave. B, Snohomish, WA 98290 Personal and Laundry Services Term Loan Prime plus 2.75% 12/12/2044 127.1 127.1 141.8 0.04 %
Abylex, Inc and Worpex LLC (#) 7473 Reese Rd #2, Sacramento, CA 95828 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/12/2044 93.8 93.8 95.1 0.03 %
Nulane Entertainment LLC (#) 4100 W. Alameda Ave # 300, Burbank, CA 91505 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/13/2029 6.6 6.6 6.1 — %
Math Enrichment, LLC (#) 1009 E Capitol Expressway, San Jose, CA 95121 Educational Services Term Loan Prime plus 2.75% 12/13/2029 182.4 182.4 167.2 0.05 %
Jen Macias LLC dba Duende (#) 2301 NW Thurman St., Portland, OR 97210 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/13/2029 7.0 7.0 6.5 — %
Essex Indoor Golf Center LLC (#) 23 Saybrook Rd., Essex, CT 06426 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/13/2029 68.5 68.5 66.0 0.02 %
The Floor Covering Warehouse, Inc (#) 112 Orchard St., Stamford, CT 06902 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/13/2044 232.5 232.5 262.5 0.07 %
The Crane Guys, LLC (#) 14480 Alondra Blvd, La Mirada, CA 90638 Rental and Leasing Services Term Loan Prime plus 2.75% 12/13/2029 1,168.3 1,168.3 1,125.5 0.31 %
90
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Dr Steven J Seidel (#) 42 Campeau Place, Bergenfield, NJ 07621 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/13/2029 70.7 70.7 64.9 0.02 %
WURA LLC dba Dickey's Barbecue Pit (#) 4325 E. University Dr., Suite 40, Prosper, TX 75078 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/13/2029 83.2 83.2 77.9 0.02 %
Signco America LP & Sparkle corporation Inc. (#) 7938 Wright Rd, Houston, TX 77041 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/16/2044 1,185.3 1,185.3 1,338.2 0.37 %
J and K Project Management Consultants LLC (#) 350 Mc Donnell St, Lewisville, TX 75057 Construction of Buildings Term Loan Prime plus 2.75% 12/16/2044 303.6 303.6 342.7 0.09 %
J and K Project Management Consultants dba A. C. T. Construction (#) 350 Mc Donnell St, Lewisville, TX 75057 Construction of Buildings Term Loan Prime plus 2.75% 12/16/2029 180.7 180.7 189.2 0.05 %
Farain Saremi dba USA Produce (#) 461 G St., Los Banos, CA 93635 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/16/2044 460.1 460.1 509.0 0.14 %
HADD Corp (#) 364 Rugby Rd., Cedarhurst, NY 11516 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/17/2029 11.1 11.1 11.6 — %
Premier Gaming Solutions Inc (#) 17 South Grand Ave, Pasadena, CA 91105 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/18/2029 9.8 9.8 10.2 — %
Skyfall LLC dba EZ Self Storage (#) 2705 US Hwy. 45 North, Henderson, TN 38340 Real Estate Term Loan Prime plus 2.75% 12/18/2044 141.7 141.7 159.9 0.04 %
The Burlington Academy of Learning LLC (#) 10 Covey Rd, Burlington, CT 06013 Social Assistance Term Loan Prime plus 2.75% 12/18/2029 46.4 46.4 48.6 0.01 %
MBK IT Services Inc. (#) 626 Trailwood Ct., Garland, TX 75043 Nonstore Retailers Term Loan Prime plus 2.75% 12/19/2029 18.8 18.8 19.7 0.01 %
Kuros, LLC (#) 21221 Baron Lake Dr., Cedaredge, CO 81413 Accommodation Term Loan Prime plus 2.75% 11/19/2045 85.8 85.8 96.9 0.03 %
Kuros, LLC (#) 21221 Baron Lake Dr., Cedaredge, CO 81413 Accommodation Term Loan Prime plus 2.75% 12/19/2044 385.7 385.7 435.4 0.12 %
United Capital Group LLC (#) 23022 La Cadena Dr, Laguna Hills, CA 92653 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/19/2029 280.5 280.5 266.3 0.07 %
Nebulos, LLC (#) 5428 Twilight Way, Parker, CO 80134 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/19/2029 54.4 54.4 53.4 0.01 %
New Casa Technologies, LLC (#) 7928 S 70th Lane, Laveen, AZ 85339 Truck Transportation Term Loan Prime plus 2.75% 12/19/2029 7.1 7.1 6.6 — %
Shaddai Aesthetics Inc (#) 706 W. 34th St., Austin, TX 78705 Personal and Laundry Services Term Loan Prime plus 2.75% 12/20/2029 16.4 16.4 15.1 — %
Romain Tower Inc. (#) 215 S Persimmon St, Tomball, TX 77375 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/20/2044 888.1 888.1 947.8 0.26 %
Chris Farley DVM PA. dba Farley Veterinary Clinic (#) 6487 Taft St., Hollywood, FL 33024 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/20/2029 11.7 11.7 12.3 — %
Freedom Enterprises, Inc (#) 2431 14th Ave. SE, Watertown, SD 57201 Truck Transportation Term Loan Prime plus 2.75% 12/20/2029 293.0 293.0 275.5 0.08 %
ACC International LLC (#) 200 N Furnace St, Birdsboro, PA 19508 Administrative and Support Services Term Loan Prime plus 2.75% 12/20/2044 312.4 312.4 336.4 0.09 %
La Tradicion Cubana Inc (#) 9357 S.W. 40th St., Miami, FL 33165 Miscellaneous Store Retailers Term Loan Prime plus 6.5% 12/20/2029 11.2 11.2 11.6 — %
Macon Arts Center LLC (#) 4570 Pio Nono Ave, Macon, GA 31206 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 12/20/2044 617.8 617.8 691.3 0.19 %
91
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Freedom Enterprises, Inc - New RE company to be formed (#) 2431 14th Ave. SE, Watertown, SD 57201 Truck Transportation Term Loan Prime plus 2.75% 12/20/2044 203.3 203.3 226.8 0.06 %
Aitheras Aviation Group, LLC and International Aviation Sales, Ltd. (#) 2301 N Marginal Rd, Cleveland, OH 44114 Air Transportation Term Loan Prime plus 2.75% 12/23/2029 427.2 427.2 404.5 0.11 %
Food Civilization Services LLC and 1701 W 15th St LLC (#) 512 E 11th St., Houston, TX 77008 Real Estate Term Loan Prime plus 2.75% 12/23/2044 145.5 145.5 164.3 0.04 %
The Lamkin Group LLC and National Championship Enterprises LLC (#) 901 Lily Creek Rd., Suite 102, Louisville, KY 40243 Rental and Leasing Services Term Loan Prime plus 2.75% 12/23/2029 581.7 581.7 533.9 0.15 %
512 E 11th Street LLC and Big Brand Management Ltd. Co. (#) 512 E 11th St, Houston, TX 77008 Real Estate Term Loan Prime plus 2.75% 12/23/2044 323.8 323.8 363.3 0.10 %
Synergistic-Designs, LLC (#) 493 Wilson Mill Rd., New Wilmington, PA 16142 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/24/2029 6.5 6.5 6.0 — %
Richwood Enterprises, LLC, Richwood Transport LLC, Richwood Transport (#) 2564 Branch St., Middleton, WI 53562 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 12/24/2029 307.1 307.1 296.3 0.08 %
Ink! Coffee Company (#) 2851 Larimer St., Denver, CO 80205 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/24/2029 483.1 483.1 443.0 0.12 %
Icebox Cafe L.C. and Icebox Pantry, LLC (#) 219 NE 3rd St., Hallendale Beach, FL 33009 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/26/2030 415.3 415.3 393.5 0.11 %
Bhatti LLC 2, Bhatti LLC (#) 1451 Coral Ridge Ave., Coralville, IA 52241 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/26/2029 98.0 98.0 91.5 0.02 %
Mankamana Holdings, LLc dba Perfect Brow Art, Mankamana Holdings, LLC (#) 7302 Kirby Ave., Lubbock, TX 79424 Gasoline Stations Term Loan Prime plus 2.75% 12/27/2029 119.6 119.6 118.0 0.03 %
Pro-Tek Pest Control, Inc, Pro-Tek Nurseries, LLC, Pro-Tek Irrigation (#) 8712 60th Terrace South, Lake Worth, FL 33467 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2029 162.0 162.0 153.6 0.04 %
Irony LLC dba Mulberry’s Garment Care (#) 2579 Fairview Ave. North, Roseville, MN 55113 Personal and Laundry Services Term Loan Prime plus 2.75% 12/27/2029 977.4 977.4 900.8 0.25 %
American Landscaping Company and Ground Effects Landscaping, LLC (#) 6151 A St., Anchorage, AK 99518 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2044 626.4 626.4 706.7 0.19 %
American Landscaping Company (#) 6151 S St., Anchorage, AK 99518 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2029 267.9 267.9 271.5 0.07 %
313 Air Duct LLC Dba Jouny Cleaning Services, M & J Restoration Emerge (#) 25150 W Warren Ave., Dearborn Heights, MI 48127 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2044 217.9 217.9 243.9 0.07 %
313 Air Duck LLC dba Jouny Cleaning Services, M & J Restoration Emerge (#) 25150 W Warren Ave., Dearborn Heights, MI 48127 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2029 141.0 141.0 135.5 0.04 %
Tatoo Tony's Under My Skin LLC (#) 73 Memorial Pkwy., Atlantic Highlands, NJ 07716 Personal and Laundry Services Term Loan Prime plus 2.75% 12/27/2044 96.9 96.9 109.4 0.03 %
QXC Communications, Inc (#) 4541 N Dixie Hwy, Boca Raton, FL 33431 Telecommunications Term Loan Prime plus 2.75% 12/27/2029 456.0 456.0 418.1 0.11 %
92
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

K&S Hardware LLC dba Gopher Ace (#) 1865 Wayzata Blvd, Long Lake, MN 55356 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/27/2029 54.4 54.4 54.6 0.01 %
Watearth Inc (#) 3371 Glendale Blvd Suite 208, Los Angeles, CA 90039 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/27/2029 40.7 40.7 37.3 0.01 %
A Family Member Homecare Group Inc, A Family Member Homecare Holdings, (#) 11788 Sample Rd., Coral Springs, FL 33065 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/27/2044 117.0 117.0 127.4 0.03 %
Protek Pest Control, Inc. Pro-tek Nurseries LLC, Pro-Tek Irrigation (#) 8712 60TH TER South, Lake Worth, FL 33467 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2044 138.0 138.0 155.8 0.04 %
Kiddie Garden Child Development Center, LLC (#) 2809 W. Atkinson Ave., Milwaukee, WI 53209 Social Assistance Term Loan Prime plus 2.75% 12/30/2044 41.6 41.6 46.6 0.01 %
Spinnaker Vero Inc. (#) 983 12th St., Vero Beach, FL 32960 Printing and Related Support Activities Term Loan Prime plus 2.75% 12/30/2044 764.1 764.1 819.6 0.22 %
Dilpreet Hundal dba Kwik Stop (#) 1001 Sacramento Ave., West Sacramento, CA 95605 Gasoline Stations Term Loan Prime plus 2.75% 12/30/2044 234.4 234.4 255.0 0.07 %
Jauchem & Meeh Inc.dba Gregory Meeh Design;Jermy Chernick Design;J&M S (#) 524 Sackett St., Brooklyn, NY 11217 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/30/2029 239.3 239.3 236.7 0.06 %
Vance Ewing LLC (#) 22940 Harlan Ln, St. Robert, MO 65584 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/30/2029 97.9 97.9 102.6 0.03 %
Home Decor Liquidators, LLC dba Home Decor Outlets;Home Decor Mattress (#) 8780 Pershall Rd, Hazelwood, MO 63042 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/30/2029 930.6 930.6 874.5 0.24 %
Larry J. Frick dba L & S Trucking (#) 157571 E Wausau Ave., Wausau, WI 54403 Truck Transportation Term Loan Prime plus 2.75% 12/30/2029 43.1 43.1 41.5 0.01 %
Global Information Technology, Inc (#) 1 Cragwood Rd, Suite 101, South Plainfield, NJ 07080 Administrative and Support Services Term Loan Prime plus 2.75% 12/31/2029 493.7 493.7 453.6 0.12 %
Bearwaters Brewing Company (#) 101 Park St, Canton, NC 28716 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2044 247.8 247.8 277.3 0.08 %
Pecos Entertainment LLC dba State Theater (#) 421 South Oak St, Pecos, TX 79772 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 12/31/2029 123.4 123.4 129.4 0.04 %
Nick's Country Kitchen, LLC (#) 3 Flanders Rd., Bethlehem, CT 06751 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2044 278.5 278.5 307.3 0.08 %
CV Flores LLC dba A All Animal Control (#) 2140 E Southlake Blvd L-503, Southlake, TX 76092 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/9/2030 4.3 4.3 4.0 — %
Jordi X Kellogg, M.D.,P.C (#) 9200 SE 91st Ave. STE 340, Happy Valley, OR 97086 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/10/2030 54.8 54.8 50.3 0.01 %
Luster Custom Homes LLC (#) 18801 North Thompson Peak Pkwy., Suite 240, Scottsdale, AZ 85255 Construction of Buildings Term Loan Prime plus 2.75% 1/10/2030 32.2 32.2 29.6 0.01 %
VetMed LLC (#) 908 4th Ave., Decatur, AL 35601 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/10/2030 76.7 76.7 70.5 0.02 %
Lyon Cubs LLC dba Dayton Valley Learning Center (#) 357 Dayton Valley Rd., Dayton, NV 89403 Social Assistance Term Loan Prime plus 2.75% 1/16/2045 162.8 162.8 178.0 0.05 %
93
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Motorsport Imagery, Inc (#) 16362 Cherokee Rd, Brooksville, FL 34601 Apparel Manufacturing Term Loan Prime plus 2.75% 1/17/2030 19.7 19.7 18.9 0.01 %
Emmalina LLC (#) 3602 Rock Bay Dr., Louisville, KY 40245 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/21/2030 8.2 8.2 8.0 — %
Align Sports Management, LLC (#) 15822 Caminito Cantaras, Del Mar, CA 92014 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 1/22/2030 19.7 19.7 18.2 — %
Affinity Integrated Solutions Inc (#) 115 Pomona Dr., Greensboro, NC 27407 Administrative and Support Services Term Loan Prime plus 2.75% 1/23/2030 197.2 197.2 181.2 0.05 %
Affinity Integrated Solutions Inc. (#) 115 Pomona Dr., Greensboro, NC 27402 Administrative and Support Services Term Loan Prime plus 2.75% 1/23/2045 291.0 291.0 317.6 0.09 %
Amina Financial Solutions LLC dba Expat Tax Solutions (#) 1433 Chestnut St., Macon, GA 31201 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/24/2030 18.4 18.4 16.9 — %
Havana Knights LLC (#) 65 Lindsey Lane, Havana, FL 32333 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/27/2030 34.6 34.6 33.4 0.01 %
Codame Enterprises LLC dba Firehouse Subs (#) 1547 Main St., Dunedin, FL 34698 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/29/2030 92.7 92.7 85.2 0.02 %
Thisaflycloset, LC (#) 12408 Kingsview St., Bowie, MD 20721 Clothing and Clothing Accessories Stores Term Loan Prime plus 6.5% 1/30/2030 11.5 11.5 12.0 — %
Daftarnow Inc dba Venture X Parsippany (#) 8 Campus Dr.. Suite 105, Parsippany, NJ 07054 Real Estate Term Loan Prime plus 2.75% 7/30/2030 169.8 169.8 156.6 0.04 %
Spinnaker PSL Inc., Spinnaker Subs- N-Shine& Spinnaker Vero Inc (#) 6967 Hancock Dr., Port St Lucie, FL 34952 Printing and Related Support Activities Term Loan Prime plus 2.75% 1/30/2045 307.5 307.5 332.0 0.09 %
Adorable Home Heath Care LLC (#) 6110 W Capitol Dr., Milwaukee, WI 53216 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/30/2030 36.8 36.8 33.8 0.01 %
3 Fat Labs Inc. and Energy Conservation Solution Inc. (#) 2001 S County Rd. 400 W, Greencastle, IN 46135 Rental and Leasing Services Term Loan Prime plus 2.75% 1/30/2045 271.0 271.0 296.1 0.08 %
A1 Radon Services, LLC (#) 9980 Dell Rd., Eden Prairie, MN 55347 Waste Management and Remediation Services Term Loan Prime plus 2.75% 1/31/2030 78.7 78.7 72.3 0.02 %
2'N1 Home and lawn LLC dba N1 Home an Lawn LLC (#) 1300 Ridenour Blvd., Kennesaw, GA 30152 Administrative and Support Services Term Loan Prime plus 6.5% 2/3/2030 11.2 11.2 11.8 — %
Fortson Janitorial Inc (#) 462-482 Chattahoochee St., Cornelia, GA 30531 Nonstore Retailers Term Loan Prime plus 2.75% 2/5/2045 104.4 104.4 117.9 0.03 %
Damiano Global Corp. (#) 333 Birch Hills Dr, Rochester, NY 14622 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/10/2030 44.1 44.1 40.5 0.01 %
Shaw, Ltd dba Fitness 1440 North Coventry (#) 54-58 Glocker Way, Pottstown, PA 19465 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/13/2030 53.7 53.7 51.0 0.01 %
Red Rock Government Serviice, LLC (#) 45240 Business Court, Sterling, VA 20166 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/13/2030 59.1 59.1 62.0 0.02 %
Romo Medical Equiptment LLC (#) 3453 North Panam Expressway, San Antonio, TX 78219 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 2/14/2030 441.4 441.4 405.5 0.11 %
All Modes Transportation & Logistics LLC (#) 4313 Collingtree Dr., Rockledge, FL 32955 Support Activities for Transportation Term Loan Prime plus 6.5% 2/14/2030 11.2 11.2 11.8 — %
Little Feet Academy of Jacksonville, LLC (#) 10265 Normandy Blvd, Jacksonville, FL 32221 Social Assistance Term Loan Prime plus 2.75% 2/17/2045 45.9 45.9 49.8 0.01 %
94
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Alex Roit Chiropractic, P. C (#) 55 Northern Blvd., Suite 103, Great Neck, NY 11021 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/19/2030 17.6 17.6 16.2 — %
Bora Enterprises, LLC (#) 44255-B Fremont Blvd,, Fremont, CA 94538 Truck Transportation Term Loan Prime plus 2.75% 2/21/2030 11.3 11.3 10.4 — %
Skimino Enterprises LLC (#) 197 Ewell Rd., Williamsburg, VA 23188 Support Activities for Transportation Term Loan Prime plus 2.75% 2/21/2030 66.2 66.2 60.8 0.02 %
Bell Oak LLC dba Bell Oak Academy & Paradise Strategics LLC (#) 7215 Waelti Dr., Melbourne, FL 32940 Social Assistance Term Loan Prime plus 2.75% 2/21/2045 374.1 374.1 401.4 0.11 %
Sherwood Sporthorses Inc. (#) 20502 Forestview, Magnolia, TX 77355 Personal and Laundry Services Term Loan Prime plus 2.75% 5/21/2046 396.7 396.7 435.6 0.12 %
Abe Chahrour Investment, LLC (#) 4001 S Wayne Rd., Wayne, MI 48154 Administrative and Support Services Term Loan Prime plus 2.75% 2/25/2045 21.6 21.6 24.3 0.01 %
Feras Alshadaida dba Allura Dairy (#) 8809 N Grove Ave., Rancho Cucamonga, CA 91730 Food and Beverage Stores Term Loan Prime plus 2.75% 2/26/2030 53.4 53.4 50.4 0.01 %
M & L ENTERPRIZES, LLC (#) 2401 Wrightsville Ave., Wilmington, NC 28403 Food and Beverage Stores Term Loan Prime plus 2.75% 2/26/2030 44.1 44.1 46.3 0.01 %
Breakers Electric, LLC dba Merrill Sports (#) 13600 Mustang Dr., Mead, CO 80542 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/27/2030 9.3 9.3 8.5 — %
Crux Solutions LLC dba Waddell's Riverside Funeral Directors (#) 6938 Westover St., Houston, TX 77087 Personal and Laundry Services Term Loan Prime plus 2.75% 2/27/2045 78.7 78.7 87.4 0.02 %
GRSC, Inc. (#) 1643 NW Dove Ct, Stuart, FL 34994 Construction of Buildings Term Loan Prime plus 2.75% 2/27/2030 19.9 19.9 19.1 0.01 %
LCSM Logistics Inc (#) 15735 Spectrum Dr., Addison, TX 75001 Couriers and Messengers Term Loan Prime plus 2.75% 2/28/2030 75.0 75.0 68.9 0.02 %
Toju Bay Inc. dba Fiesta Americana Restaurand and Club (#) 1622-1624 N. Mannheim Rd., Stone Park, IL 60165 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2045 443.2 443.2 498.4 0.14 %
14th State Learning, LLC dba Sylvan Learning, LLC (#) 1 Market Pl #10, Essex Junction, VA 05452 Educational Services Term Loan Prime plus 2.75% 3/2/2030 45.9 45.9 42.4 0.01 %
Chet Lemon Enterprises, Inc. dba All American Sports (#) 1544 Lane Park Cut off, Tavares, FL 32778 Personal and Laundry Services Term Loan Prime plus 2.75% 3/3/2031 265.4 265.4 280.1 0.08 %
Jones Roger Sherman Inn, Inc. dba Jones Roger Sherman Inn (#) 195 Oenoke Ridge, New Canaan, CT 06840 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/4/2030 21.6 21.6 22.6 0.01 %
Minifox Inc. dba Pho Hoa and Jazen Tea (#) 10624 South Eastern Ave. Suites R & S, Hendersen, NV 89502 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/5/2030 66.9 66.9 62.1 0.02 %
Peter & Suzanne Scott, Inc., Phillip Showen & Bryan Phelan (#) 2342 NY- 37, Port Covington, NY 12937 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/6/2030 124.8 124.8 127.0 0.03 %
Advans IT Services, Inc. (#) 65 Boston Post Rd W Ste 390, Marlborough, MA 01752 Other Information Services Term Loan Prime plus 2.75% 3/6/2030 111.4 111.4 102.3 0.03 %
Outcome Driven Innovation dba Spracht; Celltek, ODI, ODI Security (#) 974 Commercial St, Palo Alto, CA 94303 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/6/2030 345.3 345.3 317.2 0.09 %
95
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Big Brand Management LTD. CO. dba Ivox Media (#) 512 E 11th St, Houston, TX 77008 Real Estate Term Loan Prime plus 2.75% 3/6/2030 59.1 59.1 58.7 0.02 %
KR Enterprises, Inc. dba Carriage Inn (#) 1065 Tower Hill Rd., North Kingstown, RI 02852 Accommodation Term Loan Prime plus 2.75% 3/6/2045 311.6 311.6 340.7 0.09 %
The Ugly Mug's Coffee and Tea Inc. (#) 1390 BRd.way Suite C, Placerville, CA 95667 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/9/2030 32.7 32.7 30.0 0.01 %
Quarles Service Systems, Inc. (#) 1740 September Ave, Memphis, TN 38116 Administrative and Support Services Term Loan Prime plus 2.75% 3/10/2045 93.6 93.6 103.0 0.03 %
Blue Dot Trading Inc (#) 3100 NW 72nd Ave., Miami, FL 33122 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/10/2030 50.1 50.1 46.1 0.01 %
C3 Capital, Inc (#) 10010 North Hampton Cove Lane, Indianapolis, IN 46236 Nonstore Retailers Term Loan Prime plus 2.75% 3/11/2030 504.7 504.7 516.4 0.14 %
GQ Investments LLC (#) 5772 Miami Lakes Dr., Miami Lakes, FL 33014 Electrical Equipment, Appliance, and Component Manufacturing Term Loan Prime plus 2.75% 3/12/2030 133.7 133.7 122.8 0.03 %
Integrated Equipment Inc; Intergrated Elastomers Inc (#) 5701 Brittmoore Rd, Houston, TX 77041 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/13/2045 1,235.0 1,235.0 1,394.4 0.38 %
Signet Media dba Signet Media inc. (#) 630 S 1st St, San Jose, CA 95113 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/13/2030 313.2 313.2 328.4 0.09 %
Astoria-Pacific Inc (#) 15130 SE 82nd Dr, Clackamas, OR 97015 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 3/13/2030 111.4 111.4 116.8 0.03 %
Rapid Trucking and (#) 4225 W Capitol Ave, West Sacramento, CA 95691 Truck Transportation Term Loan Prime plus 2.75% 3/13/2045 742.4 742.4 838.1 0.23 %
Native Fields Landscaping LLC and My Two Girls LLC (#) 73 Taylor Rd., Wharton, NJ 07885 Administrative and Support Services Term Loan Prime plus 2.75% 12/13/2045 515.8 515.8 563.0 0.15 %
Mark Allen Taylor dba Taylor Auction (#) 20 & 68 Westfield Rd., Nicholls, GA 31554 Personal and Laundry Services Term Loan Prime plus 2.75% 3/13/2030 123.9 123.9 118.3 0.03 %
Stretch of NW Georgia, LLC dba Stretch Zone (#) 1430 Towne Lake Pkwy., Suite 26100, Woodstock, GA 30189 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/13/2030 13.1 13.1 12.0 — %
Kanga Lean, Inc. dba F45 Training Trinity (#) 8900 Strengh Ave, New Port Richie, FL 34655 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/16/2030 51.2 51.2 48.6 0.01 %
Coffeestamp LLC (#) 2511 S Jefferson Ave., St. Louis, MO 63104 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/17/2030 4.0 4.0 3.9 — %
Mid Ohio Hospitality, LLC dba Bucks Bar and Grill (#) 192 E Main St, Mansfield, OH 44904 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/17/2045 223.2 223.2 252.0 0.07 %
Forest Scientific Corporation (#) 668 Elm St., Tionesta, PA 16353 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/17/2030 66.8 66.8 70.1 0.02 %
Firefly Developement LLC dba Firefly Earthworks (#) 4810 Vicksburg St., Dallas, TX 75207 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/19/2045 292.5 292.5 315.3 0.09 %
Patoruzu Inc dba Sharkey's Cuts for Kids (#) 18121 Tuckerton Rd., Suite 130, Cypress, TX 77433 Personal and Laundry Services Term Loan Prime plus 2.75% 6/20/2030 12.1 12.1 11.1 — %
Kris-Leigh Catered Living at Severna Park,LLC (#) 831 Richie Hwy., Severna Park, MD 21146 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 3/20/2030 477.9 477.9 501.0 0.14 %
Dunaway and Hart, Inc (#) 575 Harkrider St., Conway, AR 72032 Real Estate Term Loan Prime plus 2.75% 3/26/2030 44.6 44.6 40.9 0.01 %
Suburban Transmission of Northern Illinois, Inc. (#) 1714 E Oakton St, Des Plaines, IL 60018 Repair and Maintenance Term Loan Prime plus 2.75% 3/27/2045 146.0 146.0 164.9 0.05 %
96
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Tomco Inc. dba Rental City dba Tomco Equiptment Sales (#) 6470 State St., Saginaw, MI 48603 Rental and Leasing Services Term Loan Prime plus 2.75% 3/27/2030 20.1 20.1 18.4 0.01 %
Blackwater Diving LLC (#) 112 Forrest Rd, Morgan City, LA 70380 Support Activities for Mining Term Loan Prime plus 2.75% 3/30/2030 334.2 334.2 319.2 0.09 %
Montana Custom Log Homes, Inc. (#) 2036 US Hwy. 93 North, Victor, MT 59875 Wood Product Manufacturing Term Loan Prime plus 2.75% 3/31/2045 356.6 356.6 402.6 0.11 %
Caplan Home Care, LLC (#) 6029 Berkshire Lane, Dallas, TX 75225 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/1/2045 848.6 848.6 882.7 0.24 %
Profit Stewards, LLC (#) 458 Schuylkill Rd., Phoenixville, PA 19460 Repair and Maintenance Term Loan Prime plus 2.75% 4/2/2030 38.9 38.9 33.2 0.01 %
Terry and Tammy Jacobsen, Inc dba Appliance Recycling (#) 10105 Airport Way, Snohomish, WA 98296 Electronics and Appliance Stores Term Loan Prime plus 2.75% 4/3/2030 302.6 302.6 250.1 0.07 %
Terry & Tammy Jacobsen, Inc.dba Appliance Recycling Outlet (#) 10105 Airport Way, Snohomish, WA 98296 Electronics and Appliance Stores Term Loan Prime plus 2.75% 4/3/2045 820.0 820.0 839.3 0.23 %
Alliance Heating & Air Conditioning, Inc. (#) 10 Brookfield Ave., Bridgeport, CT 06610 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/6/2030 674.2 674.2 560.3 0.15 %
Heriz Gallery Inc dba Pineville Rug Gallery (#) 312 Main St., Pineville, NC 28134 Textile Product Mills Term Loan Prime plus 2.75% 4/6/2045 96.3 96.3 103.1 0.03 %
Mister Dexters LTD dba Shuga's (#) 702 S. Cascade Ave., Colorado Springs, CO 80903 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/28/2045 56.5 56.5 59.5 0.02 %
Mister Dexters LTD dba Shuga's (#) 702 S Cascade Ave., Colorado Springs, CO 80903 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/28/2030 169.9 169.9 140.6 0.04 %
BulkMore LLC (#) 12741 Ocean Gateway, Ocean City, MD 21842 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/18/2030 140.6 140.6 121.3 0.03 %
Blakeslee Arpaia Chapman, Inc and Chapman Construction Services, LLC (#) 200 North Branford Rd., Branford, CT 06405 Construction of Buildings Term Loan Prime plus 2.75% 9/24/2030 349.2 349.2 336.7 0.09 %
South Park Hardware, LLC (#) 16074 South Park Ave, South Holland, IL 60473 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 9/25/2045 73.8 73.8 82.1 0.02 %
Babys on Broadway LLC (#) 47 East BRd.way, Little Falls, MN 56345 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 9/25/2030 69.8 69.8 59.4 0.02 %
Hazleton Oil & Environmental, Inc (#) 300 Tamaqua St., Hazleton, PA 18201 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/25/2045 1,069.0 1,069.0 1,179.1 0.32 %
7PSolutions, LLC (#) 136 North Van Buren St., Nashville, IN 47448 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/25/2030 46.6 46.6 38.8 0.01 %
The Hall at the Yard LLC dba The Hall on the Yard (#) 1412 Alden Rd., Orlando, FL 32803 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/2/2031 680.3 680.3 570.6 0.16 %
KTF Consulting Corp (#) 2471 N Geneva Terrace, Chicago, IL 60614 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/6/2030 70.3 70.3 73.0 0.02 %
Snow Lodge, LLC (#) 115 County Rd 725, Sweeny, TX 77480 Accommodation Term Loan Prime plus 2.75% 10/8/2045 49.3 49.3 53.9 0.01 %
VIP Lawn Care Services LLC dba VIP Services (#) 3875 Fay Blvd., Cocoa, FL 32927 Administrative and Support Services Term Loan Prime plus 2.75% 10/8/2030 17.9 17.9 15.0 — %
Shades of U, Inc. dba Diva by Cindy (#) 15212 Hanover Pike, Upperco, MD 21155 Health and Personal Care Stores Term Loan Prime plus 2.75% 10/9/2045 88.7 88.7 94.2 0.03 %
97
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Marcus Horn dba Versatile Styles and Cuts (#) 2018 24th Ave., Meridian, MS 39301 Personal and Laundry Services Term Loan Prime plus 2.75% 10/15/2045 10.3 10.3 10.9 — %
Third Day Lubes, Inc. (#) 450 GA- 53, Calhoun, GA 30701 Repair and Maintenance Term Loan Prime plus 2.75% 10/28/2030 21.1 21.1 21.9 0.01 %
Supersonic Cleaning Services Inc (#) 36 Seitz Terrace, Arlington, NY 12603 Administrative and Support Services Term Loan Prime plus 2.75% 10/29/2030 36.3 36.3 30.7 0.01 %
GoodGuyS Enterprises Inc dba Goodguys;Good Guy Enterprises;Good Guys (#) 1071 Serpentine Lane, Pleasanton, CA 94566 Administrative and Support Services Term Loan Prime plus 2.75% 11/4/2030 249.0 249.0 258.4 0.07 %
Protek Pest Control Inc, Protek Nurseries LLC & Protek Irrigation LLC (#) 8712 60th Terrace South, Lake Worth, FL 33467 Administrative and Support Services Term Loan Prime plus 2.75% 11/4/2030 49.6 49.6 43.0 0.01 %
Modutech Marine Inc (#) 2218 Marine View Dr., Tacoma, WA 98422 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 11/9/2030 377.6 377.6 391.8 0.11 %
Master Printing and Signs Corp & Artishirt Co. (#) 386 Squire Rd., Revere, MA 02151 Printing and Related Support Activities Term Loan Prime plus 2.75% 11/10/2045 198.3 198.3 213.7 0.06 %
T.S.I.-VA, LLC and Alpha Business Services Inc. (#) 2525 Pointe Center Court, Suite 200, Dumfries, VA 22026 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/17/2030 103.4 103.4 85.7 0.02 %
The Number Masters (#) 3325 Highland St., Grove City, OH 43123 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/18/2030 16.4 16.4 13.6 — %
Italian Heritage Tile and Stone Inc (#) 4725 Morgan Territory Rd., Clayton, CA 94517 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/18/2030 74.3 74.3 61.6 0.02 %
Prosperity Tool, Inc (#) 2006 National Guard Dr., Plant City, FL 33563 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/19/2045 296.0 296.0 328.3 0.09 %
Green Farm Inc dba Farmers Outlet (#) 1018 W SR 424 Suite 100, Longwood, FL 32750 Food and Beverage Stores Term Loan Prime plus 6.5% 11/19/2030 11.9 11.9 11.3 — %
Thompson Enterprises of Florida LLC dba TCBY FROZEN YOGURT (#) 14543 SW 5th St., Pembroke Pines, FL 33027 Food and Beverage Stores Term Loan Prime plus 2.75% 11/20/2030 13.9 13.9 11.5 — %
Ellis Apex LLC dba Inage360 Marietta (#) 2060 Franklin Way SE, Suite 150, Marietta, GA 30067 Printing and Related Support Activities Term Loan Prime plus 2.75% 11/24/2030 87.2 87.2 72.8 0.02 %
Flex Beauty Labs, LLC (#) 7512 Dr. Phillip Blvd., Orlando, FL 32819 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 6.5% 11/24/2030 11.9 11.9 11.3 — %
Dearly LOved Counseling, L.L.C (#) 14052 N Dale Mabry Hwy., Suite 215, Tampa, FL 33618 Social Assistance Term Loan Prime plus 6.5% 11/24/2030 11.9 11.9 11.3 — %
Next Level Detailing, LLC (#) 3235 Odeon Way, Suite 201-203, Acworth, GA 30102 Repair and Maintenance Term Loan Prime plus 2.75% 11/24/2030 7.1 7.1 5.9 — %
LIAISON STAINLESS INC (#) 630 James Lee Dr NW, Suwanee, GA 30024 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/25/2030 70.8 70.8 58.7 0.02 %
The Alder SmokeHouse LLC (#) 1055 Virginia Ave, North Bend, OR 97459 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/25/2030 10.6 10.6 11.0 — %
Segreti Law Office, A Professional Corporation (#) 350 10th Ave.,Suite 1000, San Diego, CA 92101 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/27/2030 17.7 17.7 14.8 — %
Hartley S Johnson & Son, Inc. dba Mark T. Wendell Tea (#) 14a Craig Rd., Acton, MA 01720 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/27/2030 37.8 37.8 31.6 0.01 %
98
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Jonathan J Klaczik LLC dba Veterans Fence Company (#) 7417 Dover Lane, Parma, OH 44130 Personal and Laundry Services Term Loan Prime plus 2.75% 11/27/2030 21.2 21.2 18.8 0.01 %
American Retail Properties, Inc. (#) 125 Main St. 2nd Floor, Reading, MA 01867 Real Estate Term Loan Prime plus 2.75% 11/30/2030 21.2 21.2 17.7 — %
Moxie Marketing, LLC (#) 51 Lee Dr, Palm Coast, FL 32137 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/3/2030 118.8 118.8 98.5 0.03 %
Tina D. Coker DBA Diane's Accounting Service (#) 119 E Haywood St, England, AR 72046 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/3/2030 12.0 12.0 11.4 — %
Staffhink Limited dba Barn Owl Drone Services (#) 4283 Deerfield Hills Rd, Colorado Springs, CO 80916 Data Processing, Hosting, and Related Services Term Loan Prime plus 2.75% 12/3/2030 5.0 5.0 4.6 — %
SME Business Services LLC (#) 930 Chesaco Ave., Rosedale, MD 21237 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/3/2030 21.4 21.4 17.7 — %
Combs Creative LLC (#) 157 Antler Ridge Circle,, Nashville, TN 37214 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/4/2030 5.3 5.3 5.0 — %
Paradise RV Sales and Rentals LLC (#) 7960 Dorchester Rd., North Charleston, SC 29418 Rental and Leasing Services Term Loan Prime plus 2.75% 12/4/2030 6.6 6.6 5.4 — %
Perez Law Office, PLLC (#) 80 N McClintock Dr, Chandler,, AZ 85226 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/4/2045 66.7 66.7 74.2 0.02 %
Travel with Love, LLC dba Style & The Storyteller (#) 8465 W Sahara Ave, Ste 111, Las Vegas, NV 89117 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/4/2030 4.8 4.8 4.6 — %
Indecon Builders Inc (#) 1382 Valencia Ave., Tustin, CA 92780 Construction of Buildings Term Loan Prime plus 2.75% 12/4/2030 47.5 47.5 39.4 0.01 %
Pacific Contours Corp (#) 5340 E Hunter Ave, Anaheim, CA 92807 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 12/4/2030 679.1 679.1 704.6 0.19 %
Northeast Coverages Inc. and Southeast Coverages Inc. (#) 910 Franklin Ave, Suite 210, Garden City, NY 11530 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 12/7/2030 161.6 161.6 167.6 0.05 %
CashLine Solutions, LLC (#) 467741 E 1050 Rd, Sallisaw, OK 74955 Administrative and Support Services Term Loan Prime plus 2.75% 12/7/2030 11.4 11.4 9.5 — %
Tortuga Backpacks LLC (#) 340 South Lemon Ave., Walnut, CA 91789 Nonstore Retailers Term Loan Prime plus 2.75% 12/8/2030 47.5 47.5 39.4 0.01 %
HWH Unlimited, Inc. (#) 43386 Business Park Dr., Temecula, CA 92590 Real Estate Term Loan Prime plus 2.75% 12/9/2030 71.3 71.3 74.0 0.02 %
Zebra House Coffee, LLC (#) 1001 S El Camino Real, San Clemente, CA 92672 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/9/2030 42.8 42.8 35.5 0.01 %
LBR Partners LLC dba Techy (#) 16430 Good Hearth Blouvard, Clermont, FL 34711 Repair and Maintenance Term Loan Prime plus 2.75% 12/9/2030 42.8 42.8 35.5 0.01 %
Just In Time Refrigeration LLC (#) 6400 EDNA TAYLOR PKWY, MONONA, WI 53716 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/10/2045 230.3 230.3 234.4 0.06 %
Inner Beauty Salon and Suite LLC (#) 825 Beecher St SW, Atlanta, GA 30310 Personal and Laundry Services Term Loan Prime plus 2.75% 12/10/2045 64.2 64.2 71.5 0.02 %
LTD Broadband, LLC (#) 69 Teahouse St, Las Vegas, NV 89138 Telecommunications Term Loan Prime plus 2.75% 12/10/2030 1,187.9 1,187.9 1,072.3 0.29 %
M-Den, Inc (#) 315 Main St., Ann Arbor, MI 48104 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 12/10/2030 1,093.6 1,093.6 1,046.9 0.29 %
99
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

TJ Pant LLC and Tailored Cartage LLC (#) 25993 US 12, Sturgis, MI 49091 Truck Transportation Term Loan Prime plus 2.75% 12/11/2030 82.0 82.0 79.7 0.02 %
Shattered Prism LLC (#) 3333 BRd.way, New York, NY 10031 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 12/11/2030 7.1 7.1 7.4 — %
Donald W. Harris dba Bowman Creek Mini Storage (#) 1625 US-59 N, Linden, TX 75563 Warehousing and Storage Term Loan Prime plus 6.5% 12/11/2030 12.0 12.0 11.4 — %
Premium Marketing Co. Inc. dba Vera Moore Cosmetics (#) 4 Shadow Lane, Woodbury, NY 11797 Health and Personal Care Stores Term Loan Prime plus 2.75% 12/11/2030 21.4 21.4 18.2 — %
Jamali LLC dba Saahten (#) 2741 Raceway Fairfield West, Pensacola, FL 32503 Food Services and Drinking Places Term Loan Prime plus 6.5% 12/11/2030 12.0 12.0 11.4 — %
Accommodating Financial & Tax Services, LLC (#) 1642 Ralston Circle, Toledo, OH 43623 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/14/2045 41.8 41.8 45.6 0.01 %
Aeromax Industries Inc (#) 1310 Ranchers Legacy Trail, Fort Worth, TX 76126 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 12/14/2030 166.3 166.3 137.9 0.04 %
Vector Utilities LLC (#) 8501 San Gabriel Dr., Laredo, TX 78045 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/14/2030 356.4 356.4 339.0 0.09 %
Droplette Marketing Co (#) 6481 Orangethorpe Ave., Buena Park, CA 90620 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/14/2030 6.4 6.4 5.7 — %
Corple Enterprisees Inc (#) 17887 US Hwy. 380 West, Ponder, TX 76259 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 12/14/2030 59.4 59.4 49.2 0.01 %
Efficient, Fast & Good Cleaning Services Inc (#) 2444 NW 177th Terrace, Miami Gardens, FL 33056 Administrative and Support Services Term Loan Prime plus 2.75% 12/14/2030 7.1 7.1 6.2 — %
Last Minute Effects Inc. (#) 1016 Hamline Place, Burbank, CA 91504 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 12/15/2030 14.3 14.3 12.2 — %
Savannah Area Language & Culture Exchange, LLC (#) 6 Dovetail Crossing, Savannah, GA 31419 Educational Services Term Loan Prime plus 6.5% 12/16/2030 12.0 12.0 11.4 — %
David M. Benson LLC (#) 1422 Euclid Ave, Cleveland, OH 44115 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/16/2030 12.0 12.0 11.4 — %
Vege Investments, LLC dba Sunoco Homestead (#) 26400 SW 177th Ave, Homestead, FL 33031 Gasoline Stations Term Loan Prime plus 6.5% 12/16/2030 12.0 12.0 11.4 — %
Highstar Travel Group, LLC (#) 2869 Wilshire Dr., Suite 204, Orlando, FL 32835 Administrative and Support Services Term Loan Prime plus 2.75% 12/16/2030 21.4 21.4 17.7 — %
McFarlin, LLP (#) 4 Park Plz Ste 1025, Irvine, CA 92614 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/16/2030 166.3 166.3 137.9 0.04 %
Signature Graphic LLC (#) 14425 N 79th St, Suite B, Scottsdale, AZ 85260 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/16/2030 80.8 80.8 67.0 0.02 %
Carolina Roofing Siding Painting LLC (#) 204 Depot St., Camponbello, SC 29322 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/17/2045 14.8 14.8 15.5 — %
Anthony Connelly Holdings LLC (#) 7260 Dean Martin Dr., Suite 800, Las Vegas, NV 89118 Nonstore Retailers Term Loan Prime plus 2.75% 12/17/2030 237.6 237.6 196.9 0.05 %
Flower City Customs Inc. (#) 1805 Tebor Rd, Unit 4, Webster, NY 14580 Repair and Maintenance Term Loan Prime plus 2.75% 12/17/2030 10.0 10.0 8.3 — %
Yu Chun Chic Naeng Myun Restaurant Inc. (#) 1159 Kapiolani Blvd, Honolulu, HI 96814 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/17/2030 7.3 7.3 6.1 — %
AccountPics, LLC (#) 903 S WW White Rd, San Antonio, TX 78220 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2045 79.1 79.1 85.8 0.02 %
Giant Development Inc and Crabtree Development Corp (#) 509 Pylon Dr, Ste 110, Raleigh, NC 27606 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/18/2030 1,187.9 1,187.9 1,034.6 0.28 %
100
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Yinlink International Inc (#) 2 Corporate Dr., Suiite A, East Windsor, NJ 08512 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/18/2030 118.8 118.8 107.0 0.03 %
RJL Texas International Corporation (#) 17401 Triton,, Schertz, TX 78154 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/18/2030 258.4 258.4 230.7 0.06 %
Neeld Rentals Inc dba Mills True Value Hardware (#) 205 Clinton Blvd, Clinton, MS 39056 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/18/2030 11.4 11.4 9.5 — %
Pumpkin Patch Child Care and Early Education Center, LLC (#) 310 Grove Beach Rd. N, Westbrook, CT 06498 Social Assistance Term Loan Prime plus 2.75% 12/18/2045 113.6 113.6 120.4 0.03 %
Katie Cox & Co. LLC (#) 6605 Longshore ST, Ste 240, Dublin, OH 43017 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2030 7.1 7.1 5.9 — %
Code 3 Apps LLC. (#) 843 Tempted Ways Dr, Longmont, CO 80504 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 12/18/2030 7.1 7.1 5.9 — %
People United of Louisiana LLC (#) 1401 Hudson Lane, Monroe, LA 71201 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/18/2030 142.5 142.5 124.8 0.03 %
Edgar E. Herrera Garcia, Rocio L. D. Herrera dba Integral Delivery Ser (#) 3100 Delaware Ave., Des Moines, IA 50313 Truck Transportation Term Loan Prime plus 2.75% 12/18/2045 222.4 222.4 236.3 0.06 %
Horne Chiropractic Center, P.A (#) 3820 Mountain Rd., Suites B & C, Pasadena, MD 21122 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/18/2030 95.0 95.0 78.8 0.02 %
REST Enterprises Inc dba Upstyled Properties (#) 1440 W Taylor St Unit 595, Chicago, IL 60607 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2030 14.3 14.3 14.8 — %
Tahzoo LLC (#) 1015 7th St. NW, Washington, DC 20001 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2030 736.5 736.5 612.1 0.17 %
Splashlight Photographic & Digital Studios LLC ,Splashlight Technologi (#) 75 Varick St, 3rd Floor, New York, NY 10013 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2030 1,187.9 1,187.9 984.7 0.27 %
Allied Molded Products, LLC, Clancy 15 LLC, and Crusader 5088, LLC (#) 1145 13th Ave. East, Palmetto, FL 34221 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/18/2030 199.2 199.2 165.2 0.05 %
Last Touch LLC (#) 927 E 10th St, Fairmont, MN 56031 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/18/2045 51.1 51.1 56.9 0.02 %
Price Educational Services, LLC dba Mathnasium of South OKC (#) 10740 S May Ave, Oklahoma City, OK 73170 Educational Services Term Loan Prime plus 2.75% 12/21/2030 8.0 8.0 6.9 — %
Lynch Mining LLC (#) 7262 West Hunt Hwy., Queen Creek, AZ 85142 Mining (except Oil and Gas) Term Loan Prime plus 2.75% 12/21/2045 360.2 360.2 374.5 0.10 %
N.W.F.F., Inc. and Environmental Contracting Solutions, Inc. (#) 687 E Central Ave., Sutherlin, OR 97479 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2030 736.5 736.5 643.1 0.18 %
N.W.F.F., Inc. (#) 687 E. Central Ave., Sutherlin, OR 97479 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2045 43.2 43.2 46.9 0.01 %
US Dedicated LLC (#) 13410 SE 26th Cir, Vancouver, WA 98683 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/22/2030 207.9 207.9 172.3 0.05 %
ASIL Ventures, LLC (#) 4354 N Bell Ave, Apt G2,, Chicago, IL 60618 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/22/2030 4.1 4.1 3.9 — %
101
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

NetLevel5 LLC dba Moutain Air Duct (#) 4724 Poleplant Dr., Colorado Springs, CO 80918 Administrative and Support Services Term Loan Prime plus 2.75% 12/23/2030 15.4 15.4 13.2 — %
Spectrum Dynamics, Inc dba Clean Water Works (#) 27727 Dalton Bluff Court, Katy, TX 77494 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/23/2030 12.0 12.0 11.4 — %
Summerfield Farm, Inc (#) 24 Baker Rd, Pittstown, NJ 08867 Support Activities for Agriculture and Forestry Term Loan Prime plus 2.75% 12/23/2045 58.1 58.1 64.6 0.02 %
Terry A. Humphreys dba Tiki Torch Liquors (#) 101 Dallas St., Talihima, OK 74571 Food and Beverage Stores Term Loan Prime plus 6.5% 12/23/2030 12.0 12.0 11.4 — %
Title2Land,LLC (#) 11851 Wentling Ave., Baton Rouge, LA 70816 Real Estate Term Loan Prime plus 2.75% 12/23/2045 111.2 111.2 123.7 0.03 %
SLCP Transport, LLC (#) 111 Brentwood Dr., College Station, TX 77840 Repair and Maintenance Term Loan Prime plus 2.75% 12/23/2030 58.1 58.1 50.1 0.01 %
UBIF 86 CO dba UBREAKIFIX (#) 1539 Town Center Dr., Lakeland, FL 33803 Repair and Maintenance Term Loan Prime plus 2.75% 12/23/2030 54.4 54.4 45.1 0.01 %
Southeastern Esthetics Institute, LLC and Pura Medical Spa, Corp, LLC (#) 1644 Main St. Suite 1, Columbia, SC 29201 Educational Services Term Loan Prime plus 2.75% 12/23/2030 552.8 552.8 485.0 0.13 %
KCL Business Service Inc. (#) 1042 San Fernando Rd., San Fernando, CA 91340 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/23/2030 12.0 12.0 11.4 — %
Chris' Angels Cleaning Service LLC (#) 2090 Dunwoody Club Dr., Sandy Springs, GA 30350 Administrative and Support Services Term Loan Prime plus 6.5% 12/23/2030 12.0 12.0 11.4 — %
Sondra Gayle Insurance Agency Inc. (#) 2107 Veterans Memorial Blvd, Metaire, LA 70002 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 12/24/2030 7.1 7.1 7.0 — %
E R Kilpatrick, LLC dba Jefferson Street True Value (#) 212 Greenwood St., La Grande, OR 97850 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/28/2030 136.6 136.6 118.3 0.03 %
Litchy Electric L.L.C. (#) 4035 E Post Rd, Las Vegas, NV 89120 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/29/2030 95.0 95.0 80.7 0.02 %
Khangri Sourcing Inc. (#) 6021 129th. Ave SE, Bellevue, WA 98006 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/29/2030 178.3 178.3 148.1 0.04 %
Bojax Auto Collision Inc (#) 4706 Fenlee Ave., Royal Oak, MI 48073 Repair and Maintenance Term Loan Prime plus 2.75% 12/29/2045 339.7 339.7 340.7 0.09 %
Vacation Link of Florida, Inc., Island Vacation and Cruises, Inc, Pref (#) 501 N Wymore Rd, Winter Park, FL 32789 Administrative and Support Services Term Loan Prime plus 2.75% 12/30/2030 380.1 380.1 395.0 0.11 %
George Family Cremation and Burial LLC (#) 1260 W Mission Ave, Escondido, CA 92029 Personal and Laundry Services Term Loan Prime plus 2.75% 3/30/2031 98.6 98.6 87.5 0.02 %
Educare Early Intervention, Corporation (#) 4557 S Calumet Ave, Chicago, IL 60653 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/30/2030 42.2 42.2 35.1 0.01 %
Petroleum Equipment & Services, Inc. (#) 5631 Silverado Way, Anchorage, AK 99518 Rental and Leasing Services Term Loan Prime plus 2.75% 12/30/2030 400.3 400.3 338.5 0.09 %
Bourque Sales and Service Inc. (#) 9160 Linwood Ave., Shevport, LA 71106 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/30/2045 141.3 141.3 157.4 0.04 %
United Security Specialists, Inc. (#) 275 Saratoga Ave. Suite 200, Santa Clara, CA 95050 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/30/2030 110.7 110.7 92.0 0.03 %
Performance Online, Inc (#) 1550 Melissa Ct, Corona, CA 92879 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 12/30/2030 249.9 249.9 208.2 0.06 %
102
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Center of New England Primary Care Inc (#) 775 Center of New New England Blvd, Coventry, RI 02816 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/30/2045 416.9 416.9 464.4 0.13 %
NDRS Construction Inc.dba Disaster (#) 18730 Cortez Blvd, Brooksville, FL 34601 Construction of Buildings Term Loan Prime plus 2.75% 12/30/2030 83.2 83.2 69.4 0.02 %
Shlama Two LLC dba Village Park Daycare (#) 7440 BRd.way, Merrillville, IN 46410 Social Assistance Term Loan Prime plus 2.75% 12/30/2045 247.1 247.1 261.8 0.07 %
Trident E&P, LLC (#) 320 Circle of Progress Dr., Pottstown, PA 19464 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/30/2030 1,187.9 1,187.9 1,065.0 0.29 %
Lightstat Inc. (#) 22 W West Hill Rd., Barkhamsted, CT 06063 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/30/2030 356.4 356.4 351.4 0.10 %
Eppy's Tool & Equipment Warehouse, Inc (#) 809 East 42nd St., Brooklyn, NY 11210 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/30/2030 248.0 248.0 206.1 0.06 %
Real Estate Personnel, Inc., Tara Matta and Sara Pierce (#) 1758 Emerson St., Denver, CO 80218 Administrative and Support Services Term Loan Prime plus 2.75% 12/30/2030 950.3 950.3 789.4 0.22 %
Center of New England Primary Care Inc, North Providence Urgent Care I (#) 775 Centre of New England Blvd, Coventry, RI 02816 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/30/2045 449.3 449.3 500.6 0.14 %
Perfect Game Incorporated (#) 850 Twixt Town Rd NE, Cedar Rapids, IA 52402 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/30/2030 1,187.9 1,187.9 1,096.0 0.30 %
SDI Black 011, LLC (#) 1091 YONKERS AVE, YONKERS, NY 10704 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/30/2030 950.3 950.3 804.5 0.22 %
Bourque Sales and Service Inc (#) 9160 Linwood Ave., Shreveport, LA 71106 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/30/2045 144.0 144.0 160.5 0.04 %
Moran Tax & Accounting LLC (#) 128 N Franklin St, Brazil, IN 47834 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/31/2045 17.3 17.3 18.4 0.01 %
M2 Lumber LLC (#) 110 Brick House Rd., Laurens, SC 29360 Wood Product Manufacturing Term Loan Prime plus 2.75% 12/31/2030 10.7 10.7 9.7 — %
Tissue Plus LLC F/K/A Soft Touch Tissue &Paper, LLC (#) 1491 Hammond St., Bangor, ME 04401 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/31/2045 346.4 346.4 385.9 0.11 %
Inter-Insurance Agency Services, Ltd. and Universal Casualty Risk Rete (#) 380 N BRd.way, Jericho, NY 11753 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 12/31/2030 657.1 657.1 545.8 0.15 %
LV Nails & SPA, LLC (#) 10050 S Eastern Ave., Henderson, NV 89052 Personal and Laundry Services Term Loan Prime plus 2.75% 12/31/2030 64.1 64.1 53.3 0.01 %
Hawthorne Food Company dba Eastern Standard Provis (#) 117 Beaver St., Waltham, MA 02452 Food Manufacturing Term Loan Prime plus 2.75% 12/31/2030 831.5 831.5 691.8 0.19 %
The Spot Bar & Restaurant LLC (#) 10540 State Route 195, Killeen, TX 76542 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2045 86.5 86.5 89.0 0.02 %
Seven C's Manufacturing, Inc (#) 3895 Corsair St., Reno, NV 89502 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/31/2030 522.7 522.7 479.0 0.13 %
TNJ Products, Inc. (#) 4912 N Lincoln Ave, Suite 101, Chicago, IL 60625 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/31/2030 204.3 204.3 169.7 0.05 %
Leila Zamiri, DDS, Inc (#) 3317 E 10th St., Long Beach, CA 90804 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/31/2045 154.4 154.4 172.0 0.05 %
LEILA ZAMIRI, DDS, INC. (#) 3317 East 10th St., Long Beach, CA 90804 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/31/2030 71.3 71.3 72.3 0.02 %
103
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Westby Grocery LLC (#) 212 Main St., Westby, MT 59275 Food and Beverage Stores Term Loan Prime plus 2.75% 1/8/2046 43.3 43.3 42.6 0.01 %
Athletic Performance Training Center, LLC (#) 12855 York-Delta Dr., North Royalton, OH 44133 Personal and Laundry Services Term Loan Prime plus 2.75% 1/8/2031 14.4 14.4 11.9 — %
White Pine Logistics, Inc. (#) 1281 Cobble Pond Way, Vienna, VA 22182 Truck Transportation Term Loan Prime plus 2.75% 1/11/2031 379.5 379.5 320.0 0.09 %
Tapia Auto Care, LLC dba Shoreline Quick Lube and Car Wash (#) 2 Center Rd., Old Saybrook, CT 06475 Repair and Maintenance Term Loan Prime plus 2.75% 1/12/2031 124.4 124.4 113.3 0.03 %
Silx LLC (#) 4120 3rd Ave., Timnath, CO 80525 Personal and Laundry Services Term Loan Prime plus 2.75% 1/12/2031 4.3 4.3 3.6 — %
SAS Integrated, LLC (#) 4012 S Rainbow Blvd, Las Vegas, NV 89103 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/12/2031 21.5 21.5 17.9 — %
Spring Tavern Inc,Daryn Ray Steinert and Beau Daniel Ritz (#) 24401 Aldine Westfield Rd, Spring, TX 77373 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/12/2031 54.2 54.2 45.3 0.01 %
Big Brand Management Ltd. Co and Food Civilization LLC (#) 68700 Dinah Shore Dr., Cathedral, CA 92234 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 1/14/2046 242.9 242.9 246.4 0.07 %
Retro Rangers LLC and Retro 1951, Inc (#) 750 International Pkwy. #105, Richardson, TX 75081 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 1/15/2031 189.6 189.6 157.4 0.04 %
Metropolitan Neuro Behavioral Institute PLLC (#) 4055 W. Chandler Blvd. Suite 5, Chandler, AZ 85226 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/15/2031 169.6 169.6 141.1 0.04 %
Austen Felder Holdings LLC dba Austin R Styling (#) 23642 Hwy. 25, Franklinton, LA 70438 Personal and Laundry Services Term Loan Prime plus 6.5% 1/18/2031 12.1 12.1 11.5 — %
Valley Towing & Sons, Inc (#) 16 NY-6N, Mahopac, NY 10541 Support Activities for Transportation Term Loan Prime plus 2.75% 1/19/2031 11.2 11.2 9.3 — %
Diamond Ridge Professionals LLC, (#) 8629 Mesquite Circle, Magna, UT 84044 Construction of Buildings Term Loan Prime plus 6.5% 1/19/2031 6.0 6.0 5.8 — %
R & L Timber, Inc (#) 524 Callen Crabb Rd., Sagle, ID 83860 Forestry and Logging Term Loan Prime plus 2.75% 1/20/2031 227.2 227.2 200.0 0.05 %
Centre for Autism Treatment LLC (#) 13090 Sundown Rd., Victorville, CA 92392 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 1/20/2031 6.0 6.0 5.8 — %
LONDERPASS, INC. (#) 108 N Fiore Pkwy., Vernon Hills, IL 60061 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 1/21/2031 6.0 6.0 5.8 — %
Nex Computer LLC and Kosmaz Technologies LLC (#) 1201 Alta Vista Court, Walnut Creek, CA 94596 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/22/2031 33.5 33.5 27.8 0.01 %
Andrew's Spotless Cleaning, LLC (#) 1604 Marcella Dr., Covington, KY 41011 Administrative and Support Services Term Loan Prime plus 6.5% 1/22/2031 6.0 6.0 5.8 — %
Greater Vision Healthcare Services, LLC (#) 788 Montgomery Ave., Ocoee, FL 34761 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/22/2046 917.0 917.0 967.1 0.26 %
WILD THING ACCOUNTING & TAX LLC (#) 805 NE 190th Ave., Portland, OR 97230 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 1/22/2031 6.0 6.0 5.8 — %
Travis D. Long dba Pasture Clearing Fencing (#) 1205 N St., Belleville, KS 66935 Construction of Buildings Term Loan Prime plus 6.5% 1/22/2031 5.5 5.5 5.3 — %
Wild Wellness LLC (#) 151 Lake St., Lancaster, OH 43130 Ambulatory Health Care Services Term Loan Prime plus 6.5% 1/22/2031 2.7 2.7 2.5 — %
104
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

VIIXVII Sewing Studio, LLC (#) 277 E Girard Ave., Philadelphia, PA 19125 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 6.5% 1/22/2031 4.5 4.5 4.3 — %
Skypie Studio & Crafts LLC (#) 933 Mary Ave, Opelousas, LA 70570 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 1/22/2031 5.8 5.8 5.5 — %
Inland Empire Spine and Disc Laser, Inc. (#) 802 Magnolia Ave, Ste 103, Corona, CA 92879 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/22/2031 47.8 47.8 41.6 0.01 %
Chrysalis MSP LLC (#) 14550 Torrey Chase Blvd, Suite 110, Houston, TX 77014 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/26/2031 11.0 11.0 9.1 — %
Payne's Environmental Services LLC (#) 5617 Causeway Blvd., Tampa, FL 33619 Administrative and Support Services Term Loan Prime plus 2.75% 1/28/2031 176.9 176.9 156.5 0.04 %
Jazma Deaungilae Wise (#) 110 Golden Pine Rd SW, Austell, GA 30168 Personal and Laundry Services Term Loan Prime plus 6.5% 1/28/2031 3.9 3.9 3.7 — %
CULTIVA Solutions, LLC (#) 8000 Towers Crescent Dr.,, Vienna, VA 22182 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/29/2031 3.8 3.8 3.2 — %
Dexter Lillie dba Kreative Kutz Barber Shop (#) 865 Cassat Ave., Jacksonville, FL 32205 Personal and Laundry Services Term Loan Prime plus 2.75% 1/29/2046 17.8 17.8 19.8 0.01 %
TC3, LLC (#) 1036 Country St. 2945, Tuttle, OK 73089 Administrative and Support Services Term Loan Prime plus 2.75% 1/29/2031 5.1 5.1 4.9 — %
Davis Laboratories, Inc. (#) 611 Lunar Ave., Brea, CA 92821 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/1/2031 60.2 60.2 55.1 0.02 %
Ernest Construction Inc. (#) 358 W 44th St., New York, NY 10036 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/2/2031 21.7 21.7 18.0 — %
Little Angels Daycare and Learning Center LLC (#) 4551 Summit Blvd, West Palm Beach, FL 33415 Social Assistance Term Loan Prime plus 2.75% 10/3/2046 57.1 57.1 57.4 0.02 %
Michael Miller dba Affordable Paint and Auto Body (#) 4738 Randleman Rd., Greensboro, NC 27406 Repair and Maintenance Term Loan Prime plus 2.75% 2/9/2046 22.0 22.0 23.2 0.01 %
Hybrid Drive Batteries LLC (#) 22607 E La Palma Ave., Suite 406, Yorba Linda, CA 92887 Repair and Maintenance Term Loan Prime plus 2.75% 2/10/2031 14.5 14.5 12.1 — %
Paramount General Contracting LLC (#) 4705 Roosevelt St., Gary, IN 46408 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/10/2046 121.9 121.9 135.8 0.04 %
A-One Refrigeration and Heating, Inc (#) 910 N 20th Ave., Pasco, WA 99301 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/11/2031 159.4 159.4 138.7 0.04 %
Little Swimmers Inc. (#) 2395 Monument Blvd., Concord, CA 94520 Educational Services Term Loan Prime plus 2.75% 2/11/2031 48.1 48.1 40.6 0.01 %
A-One Refrigeration and Heating, Inc. (#) 910 N 20th Ave., Pasco, WA 99301 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/11/2046 287.5 287.5 302.6 0.08 %
Blue Telescope Inc (#) 70 Burnet St., Maplewood, NJ 07040 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/11/2031 2.5 2.5 2.1 — %
UniGuide Media,LLC (#) 105 Pearl St., Sausalito, CA 94965 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 2/11/2031 6.1 6.1 5.8 — %
Ryan Spataro dba The Minty Goat (#) 6801 N Crystal Ave., Kansas City, MO 64119 Administrative and Support Services Term Loan Prime plus 2.75% 2/16/2031 4.8 4.8 4.4 — %
White Pine Logistics Inc (#) 1281 Cobble Pond Way, Vienna, VA 22182 Truck Transportation Term Loan Prime plus 2.75% 2/16/2031 63.8 63.8 53.0 0.01 %
105
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Design Moves LLC (#) 3235 North Dixie Hwy., Oakland, FL 33334 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/16/2046 84.3 84.3 89.8 0.02 %
Alima Mandiang, dba Mandiang Hair Braiding (#) 242 E. Claremont Rd, Philadelphia, PA 19120 Personal and Laundry Services Term Loan Prime plus 6.5% 2/17/2031 2.4 2.4 2.3 — %
SBRnet, Inc (#) 10185 Spyglass Way, Boca Raton, FL 33498 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/17/2031 20.2 20.2 16.8 — %
Commonwealth Warehouse, Inc. (#) 400-500 Murray Rd., Cincinnati, OH 45217 Warehousing and Storage Term Loan Prime plus 2.75% 2/17/2031 55.4 55.4 46.0 0.01 %
ReenBoog Natural Hair Care, LLC (#) 4051 Stone Mountain Hwy., Suite E106, Lilburn, GA 30047 Health and Personal Care Stores Term Loan Prime plus 2.75% 2/17/2031 19.3 19.3 16.3 — %
Surgeon & Associates, Inc (#) 733 Bargain St., Fayetteville, NC 28303 Administrative and Support Services Term Loan Prime plus 2.75% 2/17/2031 28.9 28.9 28.3 0.01 %
Eddy Auto Service Inc (#) 901 NY-109, West Babylon, NY 11704 Repair and Maintenance Term Loan Prime plus 2.75% 2/18/2046 86.7 86.7 96.6 0.03 %
Ben Anderson 365 (#) 1567 E Valley Rd, Montecito, CA 93108 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/18/2031 48.2 48.2 40.0 0.01 %
TELAVERGE COMMUNICATIONS, LLC (#) 8229 Foutain Ridge Dr., Plano, TX 75025 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/19/2031 33.7 33.7 28.0 0.01 %
Eagle Creek Landscape & Design (#) 7574 Eagle Creek Rd., Cincinnati, OH 45247 Administrative and Support Services Term Loan Prime plus 2.75% 2/19/2031 45.7 45.7 38.6 0.01 %
KOLOA KAI LLC and Stay Beach Cities, Inc (#) 2-2514 Kaumualii Hwy., Kalaheo, HI 96741 Real Estate Term Loan Prime plus 2.75% 2/22/2031 7.2 7.2 6.0 — %
Medissage Integrative Therapies, LLC (#) 103 Twinridge Lane, Richmond, VA 23235 Personal and Laundry Services Term Loan Prime plus 2.75% 2/23/2046 7.4 7.4 8.2 — %
Innovative Dental of Hannibal LLC (#) 515 Clinic Rd., Hannibal, MO 63401 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/24/2031 48.2 48.2 40.0 0.01 %
Goodsell/Wilkins, Inc (#) 28175 Bluebell Dr., Laguna Niguel, CA 92677 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/25/2031 96.3 96.3 80.0 0.02 %
Anne M Prior LLC (#) 5933 NW Wins Sivers Dr., Portland, OR 97220 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/25/2031 17.1 17.1 14.2 — %
Miss Academy, LLC dba Miss Houston Pageant (#) 1111 Uptown Park Blvd #12, Houston, TX 77056 Personal and Laundry Services Term Loan Prime plus 2.75% 2/26/2031 9.7 9.7 8.1 — %
Metroguard Security & Risk Mgmt Inc. (#) 338 Commerce Dr., Fairfield, CT 06825 Administrative and Support Services Term Loan Prime plus 2.75% 3/2/2031 200.4 200.4 166.4 0.05 %
Ambrose Cubed LLC (#) 6780 Hudspeth Rd., Harrisburg, NC 28075 Wholesale Electronic Markets and Agents and Brokers Term Loan Prime plus 2.75% 3/3/2046 198.8 198.8 221.5 0.06 %
Reginald L McClain dba McClain's Auto Detailing and Paint Refinish (#) 2753 N 29th St., Milwaukee, WI 53210 Repair and Maintenance Term Loan Prime plus 2.75% 3/3/2046 7.1 7.1 8.0 — %
Giles Title and Escrow Services, LLC and Morgan Andrew Hoover (#) 203 North 1st St., Pulaski, TN 38478 Real Estate Term Loan Prime plus 2.75% 3/4/2031 30.0 30.0 27.4 0.01 %
Nadal Company LLC (#) 5923 Robindale Rd., Catonsville, MD 21228 Repair and Maintenance Term Loan Prime plus 2.75% 3/5/2031 4.8 4.8 4.0 — %
3 A Ideas, LLC dba Bizzy Kids Learning Center (#) 1401 Caplin Dr., Arlington, TX 76018 Social Assistance Term Loan Prime plus 2.75% 3/5/2046 119.1 119.1 127.4 0.03 %
106
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

True Electrical Services LLC dba True Breaker Services (#) 3773 Dinosaur St., Castle Rock, CO 80109 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/5/2031 5.8 5.8 4.8 — %
Charlie Chedda's LLC (#) 1867 Academy Blvd, Colorado Springs, CO 80916 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/5/2031 29.1 29.1 28.0 0.01 %
ACTIVE FACILITY MONITORING, LLC (#) 702 Ernest Dr, Port Orange, FL 32127 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/9/2031 9.6 9.6 8.0 — %
INTERNETZONE I, INC. (#) 3131 Laurel Ave., Fullerton, CA 92835 Other Information Services Term Loan Prime plus 2.75% 3/10/2031 9.7 9.7 8.1 — %
Monark, LLC (#) 26050 Acero, Suite 411, Mission Viejo, CA 92691 Food Manufacturing Term Loan Prime plus 2.75% 3/10/2031 34.0 34.0 28.3 0.01 %
Clean Energyz LLC (#) 881 Alma Real Dr., Suites T-16, Pacific Palisades, CA 90272 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/11/2031 58.4 58.4 48.5 0.01 %
Motus Inc. dba Stage Your Home San Diego (#) 7557 Convoy Ct, San Diego, CA 92111 Real Estate Term Loan Prime plus 2.75% 3/11/2031 51.1 51.1 42.4 0.01 %
Clean Energyz LLC (#) 881 Alma Real Dr. Suite T-16, Pacific Palisades, CA 90272 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/11/2031 18.3 18.3 18.6 0.01 %
Hany and Associates LLC dba Integrity Tax Group (#) 2020 S Oneida St., Denver, CO 80224 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/12/2031 54.5 54.5 45.2 0.01 %
Torchlight Academy Schools, LLC (#) 116 County Farm Rd., Windsor, NC 27983 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/12/2046 224.1 224.1 249.6 0.07 %
Craftworks NW, LLC (#) 12421 NE 117th Ave, Vancouver, WA 98662 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 3/12/2031 14.6 14.6 12.9 — %
Kris-Leigh Catered Living at Severna Park LLC (#) 831 Ritchie Hwy., Severna Park, MD 21146 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 3/12/2031 701.3 701.3 728.7 0.20 %
Swick & Son Enterprises, Inc. (#) 108 Mashell Ave. North, Eatonville, WA 98328 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/12/2031 70.3 70.3 59.0 0.02 %
Benevolent Family Services LLC, (#) 522 S Independence Blvd., Suite 201, Virginia Beach, VA 23452 Ambulatory Health Care Services Term Loan Prime plus 6.5% 3/15/2031 6.1 6.1 5.9 — %
Pavesh, LLC (#) 9576 Potranco Rd., San Antonio, TX 78251 Repair and Maintenance Term Loan Prime plus 2.75% 3/15/2046 166.7 166.7 173.0 0.05 %
INB Enterprise LLC (#) 7761 Diamondback Dr., College Park, MD 20742 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 3/15/2031 6.1 6.1 5.9 — %
DTJ Enterprises, Inc dba West Falmouth Market (#) 623 W Falmouth hwy, West Falmouth, MA 02540 Food and Beverage Stores Term Loan Prime plus 2.75% 3/15/2046 179.2 179.2 184.2 0.05 %
Crispeno Realty, Inc (#) 9812 235th Pl SW, Edmonds, WA 98020 Real Estate Term Loan Prime plus 2.75% 3/16/2031 29.2 29.2 24.2 0.01 %
EXAGEN SOLUTIONS INC (#) 32 Waverly Cir, Waverly, NY 12189 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/16/2031 51.5 51.5 42.8 0.01 %
274 Construction Group, Inc (#) 420 Raleigh St., Suite F, Wilmington, NC 28412 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 3/16/2031 179.8 179.8 161.0 0.04 %
Ryan Doyle Enterprises, LLC dba Earthworkers Landscaping (#) 802 Klinger Ln, Lebanon, PA 17042 Administrative and Support Services Term Loan Prime plus 2.75% 3/17/2031 14.6 14.6 13.2 — %
Battle Forged Fitness, LLC dba CrossFit 1976 (#) 3251 East Stone Court, Eagle Mountain, UT 84005 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/17/2046 55.0 55.0 49.9 0.01 %
107
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

AZ Dropship LLC dba A-Z Trading Co (#) 735 Crofton St SE, Grand Rapids, MI 49507 Nonstore Retailers Term Loan Prime plus 2.75% 3/18/2031 48.6 48.6 40.4 0.01 %
Crystal H Thompson dba Advertise IT (#) 718 N Main St., Norwood, CT 28128 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/18/2031 31.1 31.1 27.5 0.01 %
Zmetra Clear Span Structures, LLC (#) 2 Old Worcester Rd., Dudley, MA 01571 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 3/18/2031 121.4 121.4 117.0 0.03 %
WSCL, Inc (#) 176 Rosa Court, Colton, CA 92324 Construction of Buildings Term Loan Prime plus 2.75% 3/18/2031 48.6 48.6 40.3 0.01 %
Northern Services Inc (#) 2266 Central St., Suite6, Richmond, CA 94801 Administrative and Support Services Term Loan Prime plus 2.75% 3/18/2031 48.6 48.6 40.3 0.01 %
LT Johnson DDS PLLC dba Brueggen Dental Implant Center (#) 14626 Bellaire Blvd., Houston, TX 77083 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/18/2031 326.1 326.1 270.8 0.07 %
Tripark LLC (#) 12630 Haynes Rd., Houston, TX 77066 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/19/2046 149.2 149.2 150.8 0.04 %
JEJ LLC dba Hawaii Jerky Shop; DE.HI Foods (#) 111 Sand Island Access Rd., Honolulu, HI 96819 Food Manufacturing Term Loan Prime plus 2.75% 3/19/2046 149.2 149.2 155.9 0.04 %
Jemas, LLC Dba Medicine Shoppe St Charles (#) 488 S 5th St., St Charles, MO 63301 Health and Personal Care Stores Term Loan Prime plus 2.75% 3/19/2031 87.4 87.4 72.7 0.02 %
Richard Keith Robison Jr. Enterprises, Inc. dba R & R Restoration (#) 1539 Apache Dr., Montgomery, TX 77316 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/19/2031 14.6 14.6 12.1 — %
Natalie Dress Designers, LLC DBA Azaria Bridal (#) 3710 US Hwy. 9, Space D218, Freehold, NJ 07728 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 3/19/2031 315.6 315.6 265.6 0.07 %
David Edwin Harries (#) 5506 Riverside Dr, Chino, CA 91710 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 3/19/2031 14.6 14.6 12.1 — %
Spartan Technology Solutions, Inc. (#) 125 Venture Blvd, Spartanburg, SC 29306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/22/2031 48.5 48.5 40.3 0.01 %
Clear Impact LLC and Clear Impact Inc (#) 11300 Rockville Pike, #1001, Rockville, MD 20852 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/22/2031 150.8 150.8 127.2 0.03 %
S.B. Southern Welding, L.L.C (#) 300 Howard Rd., Waxahachie, TX 75165 Machinery Manufacturing Term Loan Prime plus 2.75% 3/23/2031 273.3 273.3 236.5 0.06 %
Bottles on Broadway, LLC (#) 1083 N Boradway, Massapequa, NY 11758 Food and Beverage Stores Term Loan Prime plus 2.75% 3/23/2031 34.0 34.0 28.2 0.01 %
Blasco Tire LLC (#) 960 Memorial Dr., Griffin, GA 30223 Motor Vehicle and Parts Dealers Term Loan Prime plus 6.5% 3/24/2031 6.1 6.1 5.8 — %
Oscar Rene Guzman and American United Construction LLC (#) 12520 Taylor Rd., Houston, TX 77041 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/24/2031 174.7 174.7 147.6 0.04 %
Sundown Audio, LLC (#) 514 W 21st St., Newton, NC 28658 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 3/24/2031 97.0 97.0 80.9 0.02 %
Icebox Cafe, L.C and Icebox Pantry, LLC (#) 219 NE 3rd St., Hallandale Beach, FL 33009 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/24/2031 142.9 142.9 122.0 0.03 %
Capco Swimming Pools LLC and. Capco Industries, LLC dba Premier Pools (#) 5115 Savannah Green, Voy Omy, TX 78073 Construction of Buildings Term Loan Prime plus 2.75% 3/24/2031 34.0 34.0 32.5 0.01 %
Malik Dough L.L.C. and Steven L. Malik II (#) 3347 Riverside Dr., North Tazewell, VA 24630 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/24/2031 10.2 10.2 8.6 — %
108
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Linh Luong and Loc Luong (#) 1209 W Main St., Peroria, IL 61606 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/24/2031 84.9 84.9 83.5 0.02 %
Millennium Family Practice LLC (#) 6310 Steven Forest Rd., Columbia, MD 21045 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/25/2031 93.1 93.1 96.8 0.03 %
Companion Plus Care, LLC (#) 19849 Middlebelt Rd., Livonia, MI 48152 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 3/25/2046 131.2 131.2 129.4 0.04 %
Party Town Chico LLC (#) 1937 East 20th St. #B6, Chico, CA 95928 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 3/25/2031 14.4 14.4 12.0 — %
Allan Gilbert dba Allan Gilbert Builders (#) 50 Jodi Dr., Belmont, NH 03220 Construction of Buildings Term Loan Prime plus 2.75% 3/25/2031 24.3 24.3 20.5 0.01 %
Leo Marketing LLC (#) 1127 E Rio Grande Ave, El Paso, TX 79902 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/26/2031 14.6 14.6 13.3 — %
Diversified Electric, LLC (#) 1571 Mapledale St, Ferndale, MI 48220 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/26/2031 24.0 24.0 19.9 0.01 %
New Image Window & Doors Inc (#) 705 Hennis Rd., Winter Garden, FL 34787 Administrative and Support Services Term Loan Prime plus 2.75% 3/26/2031 25.6 25.6 26.6 0.01 %
Johnson Diversified, Inc dba Plumbing Solutions (#) 29802 Avenida De Las Banderas, Rancho Santa Margarita, CA 92688 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/26/2031 84.9 84.9 83.7 0.02 %
Ground Breakers Construction, Inc. (#) 2292 a/k/a 2274 Hayride Rd., Lebec, CA 93243 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 3/26/2031 62.5 62.5 60.8 0.02 %
Rob Smith dba Laundry Land (#) 8913 Sierra Ave., Fontana, CA 92335 Personal and Laundry Services Term Loan Prime plus 2.75% 3/26/2031 18.9 18.9 16.0 — %
Zebra Enterprises, LLC dba Shanty (#) 213 3rd St., Eureka, CA 95501 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/26/2046 33.8 33.8 37.7 0.01 %
AUBURN ANALYTICAL LABS, INC (#) 210 Bay City Rd., Midland, MI 48642 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/26/2031 24.3 24.3 20.1 0.01 %
ALG-Health LLC and Axis LED Group, LLC (#) 520 West Mulberry St., Bryon, OH 43506 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 6/29/2031 1,108.6 1,108.6 990.5 0.27 %
Jason Watts Pictures, LLC (#) 110 BRd.way #507, Brooklyn, NY 11249 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 3/29/2031 17.9 17.9 14.9 — %
Kidz Choice Service Inc and Kidz Choice Holdings Inc (#) 14-34 110th St., Flushing, NY 11356 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/29/2031 203.6 203.6 169.1 0.05 %
Signet Media Inc (#) 630 S.1st St., San Jose, CA 95113 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/29/2031 77.6 77.6 74.7 0.02 %
QXC Communications, Inc (#) 3785 North Federal Hwy., Suite 205, Boca Raton, FL 33431 Telecommunications Term Loan Prime plus 2.75% 3/29/2031 101.8 101.8 88.7 0.02 %
Markell Construction Inc (#) 6248 N Woodstock St., Philadelphia, PA 19138 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/29/2031 23.1 23.1 19.2 0.01 %
Empire State Adjuster's Corp.DBA Frankie M’s Auto Body East (#) 419 West Main St., Smithtown, NY 11787 Repair and Maintenance Term Loan Prime plus 2.75% 3/30/2046 174.3 174.3 174.5 0.05 %
Bojax Auto Collision, Inc. dba Bojax Auto Body Repair (#) 4712 Fernlee Ave., Royal Oak, MI 48073 Repair and Maintenance Term Loan Prime plus 2.75% 3/30/2031 37.0 37.0 33.8 0.01 %
Drake Dance Academy LLC (#) 5790 Marble Creek Stree, Dublin, OH 43016 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 7/30/2046 137.2 137.2 143.3 0.04 %
109
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

The Sign Company of Wilmington, Inc. (#) 428 Landmark Dr., Wilmington, NC 28412 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 3/30/2046 101.9 101.9 110.0 0.03 %
RH All Around Repair, LLC (#) 2008 Coahuila Rd, Odessa, TX 79763 Repair and Maintenance Term Loan Prime plus 2.75% 6/30/2046 51.4 51.4 53.3 0.01 %
Bojax Auto Collision, Inc dba Bojax Auto Body Repair and Seman Real Es (#) 4712 Fernlee Ave., Royal Oak, MI 48073 Repair and Maintenance Term Loan Prime plus 2.75% 3/30/2046 23.6 23.6 23.9 0.01 %
Underground Toys USA, LLC dba Seven 20 and Wozniak Distribution, (#) 7626 Miramar Rd, San Diego, CA 92126 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/30/2031 302.8 302.8 251.8 0.07 %
Tober Building Company, LLC (#) 3351 Brecksville Rd., Richfield, OH 44286 Construction of Buildings Term Loan Prime plus 2.75% 3/31/2031 623.9 623.9 538.3 0.15 %
Thomson Holdings Enterprises LLC dba Volusia County Towing (#) 345 8th St., Daytona Beach, FL 32117 Support Activities for Transportation Term Loan Prime plus 2.75% 3/31/2046 109.8 109.8 108.2 0.03 %
Statewide Health Care, Inc (#) 102 Oglethorpe Professional Court, Savannah, GA 31406 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/31/2031 60.1 60.1 50.2 0.01 %
Triple B's, Inc dba Crews Door Company (#) 12189 Livingston Rd., Manassas, VA 20109 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/31/2046 92.2 92.2 94.4 0.03 %
Barrett Enterprises, LLC (#) 920 N Columbia St, Milledgeville, GA 31061 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/31/2031 20.4 20.4 17.0 — %
Barrett Enterprises, LLC dba Barrett and Sons Used Cars (#) 920 N Columbia St, Milledgeville, GA 31061 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/31/2046 44.2 44.2 42.0 0.01 %
Knight Settlement Sand & Gravel, LLC (#) 7291 Knight Settlement Rd, Bath, NY 14810 Mining (except Oil and Gas) Term Loan Prime plus 2.75% 3/31/2031 161.1 161.1 138.4 0.04 %
Batteries in a Flash.com, Inc. (#) 720 W Cheyenne Ave, North Las Vegas, NV 89030 Nonstore Retailers Term Loan Prime plus 2.75% 3/31/2046 102.1 102.1 105.5 0.03 %
TK Cleaning and Lawn Service LLC (#) 4449 Beechaven Dr., Rock Hill, SC 29732 Administrative and Support Services Term Loan Prime plus 2.75% 3/31/2046 24.8 24.8 27.7 0.01 %
Quality Sound Communications, Inc dba Technology Source (#) 1551 North Tustin Ave., Suite 125, Santa Ana, CA 92705 Telecommunications Term Loan Prime plus 2.75% 3/31/2031 129.9 129.9 108.1 0.03 %
Trailer Marketing Services Inc (#) 4560 State Route 233, Clinton, NY 13323 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/31/2046 67.0 67.0 74.7 0.02 %
TK Cleaning and Lawn Service LLC (#) 4449 Beechaven Dr., Rock Hill, SC 29732 Administrative and Support Services Term Loan Prime plus 2.75% 3/31/2031 116.3 116.3 103.6 0.03 %
La Dolce Vita Water Sports LLC,LDV GOLF CART & BIKE RENTALS LLC (#) 408 Kelly Plantation Dr, Destin, FL 32541 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/31/2031 346.5 346.5 358.4 0.10 %
Suncoast Premier Medical, LLC and Mario R Perez MD PA (#) 1239 US-27, Clermont, FL 34714 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/31/2046 100.8 100.8 102.5 0.03 %
Walking Urgent Care Inc (#) 10308 West Sample Rd., Coral Springs, FL 33065 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/31/2031 242.3 242.3 219.0 0.06 %
Motor City Bakery Inc dba Mexi bake (#) 8100 Radcliffe St., Detroit, MI 48210 Food Manufacturing Term Loan Prime plus 2.75% 4/7/2046 103.9 103.9 111.7 0.03 %
Gerald Scott Lyda dba Edneyville Wood Products (#) 3555 Chimney Rock Rd., Hendersonville, NC 28792 Wood Product Manufacturing Term Loan Prime plus 2.75% 4/9/2046 32.6 32.6 36.4 0.01 %
110
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

College Economy Inc (#) 679 Wedgewood Dr., Hanover Park, IL 60133 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/13/2031 34.1 34.1 28.6 0.01 %
Stephanie Ann Doty (#) 82 Diggins Dr., Folsom, CA 95630 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 4/14/2031 3.6 3.6 3.5 — %
Lockett Trucking and Transport LLC (#) 612 Colebridge Dr., Blacklick, OH 43004 Truck Transportation Term Loan Prime plus 6.5% 4/14/2031 6.1 6.1 6.0 — %
RV Solar LLC (#) 3442 E Bulk Lane, Oak Creek, WI 53154 Specialty Trade Contractors Term Loan Prime plus 6.5% 4/14/2031 6.1 6.1 6.0 — %
Gateway Veterinary Services P.C. dba Liberty Animal Clinic (#) 9212 Liberty Ave., Ozone Park, NY 11417 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/15/2031 43.9 43.9 41.0 0.01 %
Tierra Corrosion Control, Incorporated (#) 1608 Schofield Lane, Farmington, NM 87401 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/16/2031 24.4 24.4 25.5 0.01 %
Oregon Glass Repair, LLC dba SuperGlass Windshield Repair; SuperGla (#) 2972 SE 38th Court, Hillsboro, OR 97123 Repair and Maintenance Term Loan Prime plus 2.75% 4/20/2031 16.8 16.8 14.1 — %
AMERICAN CINEMA INSPIRES, INC and CEO Multimedia, Inc (#) 15363 Victory Blvd, Van Nuys, CA 91406 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 4/20/2031 34.1 34.1 28.6 0.01 %
Twenty Ten Agency, LLC (#) 340 S Lemon Avnue, Walnut, CA 91789 Educational Services Term Loan Prime plus 2.75% 4/21/2031 3.9 3.9 3.3 — %
Acra Cast, Inc. (#) 1837 First St., Bay City, MI 48708 Primary Metal Manufacturing Term Loan Prime plus 2.75% 4/22/2031 20.6 20.6 19.8 0.01 %
Wells Cutting Edge, LLC (#) 4201 North Cochrane Lane, Erda, UT 84074 Administrative and Support Services Term Loan Prime plus 2.75% 4/22/2031 34.1 34.1 29.2 0.01 %
J-Tech Industries Inc (#) 232 Alexandria Dr, Mooresville, NC 28115 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/23/2031 6.3 6.3 5.3 — %
Max Rosin & Associates, Inc (#) 37-43 West 14th St., Suite 304, New York, NY 10011 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/23/2031 56.0 56.0 46.9 0.01 %
Janie Lacy & Associates, LLC dba Life Counseling Solutions (#) 670 N Orlando Ave, #103, Maitland, FL 32751 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/26/2046 33.8 33.8 36.9 0.01 %
G.A.P. Mechanical Inc. (#) 2500 North Forsyth Rd., C29, Orlando, FL 32807 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/28/2031 21.9 21.9 18.7 0.01 %
822 GROUP LLC (#) 136 Treehaven St., Gaitherburg, MD 20878 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/28/2031 48.8 48.8 40.9 0.01 %
Cajun Made Charters, L.L.C (#) 27900 Hwy. 1, Golden Meadow, LA 70357 Fishing, Hunting and Trapping Term Loan Prime plus 2.75% 4/28/2031 43.0 43.0 41.0 0.01 %
Thomas Wayne Belcher Jr dba Area 51 Tattoo Body Piercing & Supply (#) 230 BRd.way St., Jackson, OH 45640 Personal and Laundry Services Term Loan Prime plus 2.75% 4/29/2046 11.9 11.9 12.9 — %
5 Star Renovations, Inc. and Five Star Group, Inc. (#) 2997 US-29, Moreland, GA 30259 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/29/2031 21.4 21.4 20.6 0.01 %
Grover Jackson Engineering, LLC (#) 1880 Campbellsville Rd., Pulaski, TN 38478 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 4/30/2046 53.7 53.7 56.5 0.02 %
3G Graphix LLC dba Elemento Graphics (#) 7160 Zionsville Rd, Zionsville Rd, IN 46268 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/30/2031 14.0 14.0 12.1 — %
NebulOS, Inc (#) 5428 Twilight Way, Parker, CO 80237 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/30/2031 58.5 58.5 50.8 0.01 %
111
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Boyd's Cardinal Hollow Winery dba Boyd's Cardinal Hollow Winery (#) 1830 West Point Pike, West Point, PA 19486 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 5/4/2046 90.0 90.0 99.0 0.03 %
Hank Thomas Performance (#) 917 Dixie Club Rd., Winston-Salem, NC 27107 Nonstore Retailers Term Loan Prime plus 2.75% 5/5/2031 34.5 34.5 34.0 0.01 %
Foy Commerce LLC (#) 1725 Park Lane S, Suite 2,, Jupiter, FL 33458 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 5/5/2031 6.2 6.2 6.0 — %
Clavismen LLC dba Katy Wines and Spirits (#) 5901 B Hwy. Blvd., Katy, TX 77494 Food and Beverage Stores Term Loan Prime plus 2.75% 5/7/2031 8.4 8.4 7.1 — %
Silverado Sales Inc dba Husker Sit N Sleep (#) 2120 Central Ave., Kearney, NE 68847 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 5/11/2031 18.7 18.7 15.7 — %
Abatement Pro n Demo, Inc (#) 468 North Canal St., Lawrence, MA 01841 Waste Management and Remediation Services Term Loan Prime plus 2.75% 5/12/2031 34.5 34.5 30.8 0.01 %
Rev Motorsports, LLC dba Speed Concept (#) 20745 SW Tualatin Valley Hwy., Ste 120, Aloha, OR 97003 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 5/13/2031 25.3 25.3 21.2 0.01 %
Sure Business Group LLC dbaKasada Beauty Supply (#) 5601 Rivers Ave., North Charleston, SC 29406 Personal and Laundry Services Term Loan Prime plus 2.75% 5/14/2031 4.2 4.2 3.6 — %
Earth Analytical Sciences, Inc. (#) 4825 Ward Dr, Beaumont, TX 77705 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/17/2031 93.4 93.4 83.5 0.02 %
THE LAW OFFICES OF LAWRENCE A. BECKENSTEIN P.C (#) 320 E 65th St., Suite #619, New York, NY 10065 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/17/2031 14.8 14.8 12.4 — %
Motor Messenger NYC Inc (#) 81-36 Baxter Ave., Queens, NY 11373 Couriers and Messengers Term Loan Prime plus 2.75% 5/18/2031 173.5 173.5 151.6 0.04 %
Vernon Alexander dba Southern Ohio Hunting Preserve (#) 31625 Goosecreek Rd., McArthur, OH 45651 Animal Production and Aquaculture Term Loan Prime plus 2.75% 5/19/2031 23.2 23.2 24.2 0.01 %
Woodzzy LLC dba Dba Woodzzy Bar & Resturant (#) 1133 Clarkson Ave., Brooklyn, NY 11212 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/19/2046 179.7 179.7 196.1 0.05 %
Compass CFO Holdings, LLC (#) 4400 Rt 9 Suite 1000, Freehold, NJ 07728 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/19/2031 19.2 19.2 16.1 — %
Foreclosure Excess Proceeds, LLC (#) 2415 E Camelback Rd., Suite 700, Phoenix, AZ 85016 Real Estate Term Loan Prime plus 2.75% 5/19/2031 34.5 34.5 28.9 0.01 %
Hankemeier Holdings LLC dba Grow Salon (#) 205 W 6th St., Suite 105 & 110, Georgetown, TX 78626 Personal and Laundry Services Term Loan Prime plus 2.75% 5/20/2031 18.7 18.7 15.7 — %
League One Logistics, LLC (#) 150 Hiram Industrial Dr., Hiram, GA 30141 Truck Transportation Term Loan Prime plus 2.75% 5/21/2046 75.0 75.0 80.5 0.02 %
JJBM LLC dba Alumni Grill (#) 3316 Pacific Ave., Wildwood, NJ 08260 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/21/2046 20.5 20.5 22.9 0.01 %
LEX-MAR SERVICE INC (#) 12278 NW 106th Court, Medley, FL 33178 Repair and Maintenance Term Loan Prime plus 2.75% 5/21/2046 20.0 20.0 21.3 0.01 %
Tropics LLC (#) 6453 Chupp Rd., Lithonia, GA 30058 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/24/2031 11.1 11.1 9.3 — %
Ecru Designs LLC (#) 275 North Wyoming Ave., South Orange, NJ 07079 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 5/24/2031 62.1 62.1 52.0 0.01 %
BGS Consulting LLC dba Your Digital Canvas (#) 5608 Malvey Ave., Fort Worth, TX 76107 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/25/2031 7.4 7.4 6.2 — %
112
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Bock Technologies Inc. (#) 11496 Luna Rd. Ste 1200, Dallas, TX 75234 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/25/2031 34.5 34.5 28.9 0.01 %
Hotel California Salon LLC dba Beverly Hills Lashes (#) 872 Huntley Dr., West Hollywood, CA 90069 Personal and Laundry Services Term Loan Prime plus 2.75% 5/25/2031 27.1 27.1 22.7 0.01 %
MPI Automotive Corp (#) 19925 Stevens Creek Blvd., Suite 100, Cupertino, CA 95014 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 5/26/2031 49.3 49.3 41.7 0.01 %
Dr. Karissa Walton, PLLC dba The Mobile Health Doc (#) 140 N Granite St., Prescott, AZ 86301 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/26/2031 47.8 47.8 42.2 0.01 %
Eckles Generation Heating & Air Service, Inc (#) 6000 Poplar Ave., Memphis, TN 38119 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/26/2031 13.3 13.3 11.8 — %
ELIOT'S ADULT NUT BUTTERS LLC (#) 1140 SE 7th, Suite 190, Portland, OR 97214 Nonstore Retailers Term Loan Prime plus 2.75% 5/26/2031 11.1 11.1 9.3 — %
Rachel Reyes-Bergano, D.O. Inc dba Contempo Aesthetics (#) 708 E Colorado Blvd., Pasadena, CA 91101 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/26/2031 66.1 66.1 55.4 0.02 %
Neuline Health Management LLC (#) 1402 S Custer Rd., McKinney, TX 75070 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/27/2031 79.4 79.4 66.5 0.02 %
Shericka Newsome dba Little Sunshine's Academy (#) 474 N Chew Rd., Hammonton, NJ 08037 Social Assistance Term Loan Prime plus 2.75% 5/27/2031 4.9 4.9 4.1 — %
Keystone Contracting, LLC dba Keystone Roofing and Siding, LLC (#) 205 Route 9 N, freehold, NJ 07728 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/27/2046 187.0 187.0 190.4 0.05 %
Compass Technical Services, Inc. (#) 2600 Gravel Dr., Building 7, Fort Worth, TX 76118 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/27/2031 24.7 24.7 20.7 0.01 %
Amazing G, LLC and Victoria Armstrong-Mensah (#) 3030 N Saranac, Mesa, AZ 85207 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 5/28/2031 26.1 26.1 25.3 0.01 %
Aeffect, Inc (#) 5600 N River Rd., Suite 800, Rosemont, IL 60018 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/28/2031 39.4 39.4 33.0 0.01 %
Tec-Com Low Voltage Solutions Inc (#) 2045 Live Oak Blvd, Yuba City, CA 95991 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/2/2031 34.7 34.7 29.3 0.01 %
La Taqueria, Inc. (#) 10 Greenwich Ave., Greenwich, CT 06830 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/3/2031 24.8 24.8 20.8 0.01 %
Center for Jewish Addiction Rehabilitation, LLC dba Tikvah Lake Recove (#) 6549 Rajol Dr., Sebring, FL 33875 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 6/3/2031 34.7 34.7 36.3 0.01 %
Swantown Inn & Spa LLC (#) 1431 11th Ave. SE, Olympia, WA 98501 Accommodation Term Loan Prime plus 2.75% 6/8/2046 35.0 35.0 39.2 0.01 %
Tri-Span Construction LLC dba Lawrence County Sand and Stone (#) 136 Southland Dr., Louisa, KY 41230 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 6/8/2031 44.7 44.7 45.6 0.01 %
899 Toscanini, LLC (#) 899 Main St., Cambridge, MA 02139 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/9/2031 16.3 16.3 17.1 — %
Dulceria NYC Inc (#) 2220 Frederick Douglass Blvd, New York, NY 10026 Food Manufacturing Term Loan Prime plus 2.75% 6/10/2031 9.9 9.9 8.6 — %
LVM Constructiion LLC (#) 194 N Grove St., East Orange, NJ 07017 Administrative and Support Services Term Loan Prime plus 2.75% 6/10/2031 14.9 14.9 12.7 — %
FRSSE Inc dba Foote's Rest Rental (#) 510/512 East Main St. Unit 1-4, Frisco, CO 80443 Food and Beverage Stores Term Loan Prime plus 2.75% 6/10/2031 48.1 48.1 40.3 0.01 %
113
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Halikamai Inc dba Neighborhood Beer and Wine (#) 510 Farm Market Rd. 718, Unit A, Newark, TX 76071 Gasoline Stations Term Loan Prime plus 2.75% 6/10/2031 19.8 19.8 20.7 0.01 %
BearWaters Brewing Company (#) 101 Park St., Canton, NC 28716 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/11/2046 65.0 65.0 71.5 0.02 %
The Ogden Group of Rochester, Inc (#) 78 Brunswick St, Rochester, NY 14607 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/11/2031 10.9 10.9 9.2 — %
21st Century Living LLC dba 21st Century Concierge (#) 33 Fitchett St., Poughkeepsie, NY 12601 Construction of Buildings Term Loan Prime plus 2.75% 6/11/2031 24.8 24.8 25.1 0.01 %
360 Cloud Solutions, LLC and 360 Cloud Apps, LLC (#) 299 S Main St., Salt Lake City, UT 84111 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/14/2031 349.9 349.9 293.2 0.08 %
Edgar I Cordoba dba Edgar Cordoba Insurance Agency (#) 9201 Dyer St., El Paso, TX 79924 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 6/14/2031 15.9 15.9 13.3 — %
AAAK Investments LLC (#) 19595 15 Mile Rd, Clinton Twp, MI 48035 Repair and Maintenance Term Loan Prime plus 2.75% 6/14/2046 41.2 41.2 45.3 0.01 %
Integrated Rehabiilitation Inc (#) 10340 SE Division St., Portland, OR 97266 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/15/2031 148.8 148.8 137.6 0.04 %
Semper Foods, LLC (#) 7000 W. Palmetto Park Rd,, Boca Raton, FL 33433 Wholesale Electronic Markets and Agents and Brokers Term Loan Prime plus 2.75% 6/15/2031 49.6 49.6 41.6 0.01 %
Bolton Construction, LLC and Meeker Stone Company, LLC (#) 73544 CO-64, Meeker, CO 81641 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 6/16/2031 148.4 148.4 128.5 0.04 %
Subhash Joshi LLC dba Mata Hardware (#) 6370 Mae Anne Ave., Suites 1 and 2, Reno, NV 89523 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 9/18/2031 33.7 33.7 28.6 0.01 %
K&R Enterprises III Inc dba The Frozen Cow (#) 6710 Post Rd., North Kingstown, RI 02852 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/18/2046 36.1 36.1 38.9 0.01 %
Ellerman Engineerting & Innovations, Inc and R & S Properties and Hold (#) 4444 Forest St., Leonard, MI 48367 Machinery Manufacturing Term Loan Prime plus 2.75% 6/21/2031 46.1 46.1 42.7 0.01 %
Butcher Block of Woodland Park, LLC (#) 320 S Baldwin St, Woodland Park, CO 80863 Food and Beverage Stores Term Loan Prime plus 2.75% 6/21/2031 14.9 14.9 12.5 — %
Bluewater Laundry & Linen, LLC (#) 2315 Main St., Loris, SC 29569 Personal and Laundry Services Term Loan Prime plus 2.75% 6/21/2031 119.8 119.8 109.7 0.03 %
Francis L Bailey Jr dba Carolina GPS Services (#) 1545 Langston Dr, Johns Island, SC 29455 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/21/2031 20.2 20.2 16.9 — %
Two Mean Beans, LLC dba Coffee and Crepes (#) 315 CrossRd.s Blvd., Floor G, Cary, NC 27518 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/21/2031 11.5 11.5 10.0 — %
Vancole Investments, Inc (#) 876 Virginia Ave., Hapeville, GA 30354 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/21/2031 70.9 70.9 59.4 0.02 %
Bluewater Laundry & Linen, llc (#) 2315 Main St., Loris, SC 29569 Personal and Laundry Services Term Loan Prime plus 2.75% 6/21/2046 71.7 71.7 80.2 0.02 %
Vance Ewing LLC dba The Bow & Barrel Sportsmen Center (#) 22940 Harlan Lane, St Robert, MO 65584 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/22/2046 50.0 50.0 54.3 0.01 %
Prestige Nationwide, LLC dba Eastern Standard (#) 1131 Burke St., Winston-Salem, NC 27101 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/22/2046 50.0 50.0 51.7 0.01 %
114
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

2B St. Marks, Inc dba Duetto (#) 540 Greene St., Unit 1, Key West, FL 33040 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/22/2031 20.8 20.8 17.5 — %
JC's Tall Glass Inc (#) 2810 Hypoluxo Rd., Lantana, FL 33462 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/23/2046 209.8 209.8 225.5 0.06 %
The AAC Speech Clinic, LLC and Red Rock Neurorehabilitation Center (#) 9260 West Sunset Rd., Suite 204, Las Vegas, NV 89148 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/23/2031 34.7 34.7 29.2 0.01 %
Pampanguena Market Place Corp (#) 18623 SW 107th Ave, Miami, FL 33157 Food and Beverage Stores Term Loan Prime plus 2.75% 6/23/2046 48.6 48.6 48.0 0.01 %
DAVIS WINES LLC and BRICK & MORTAR WINES, LLC (#) 25 Healdsburg Ave Bld 20, Healdsburg, CA 95448 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 6/24/2031 93.4 93.4 84.1 0.02 %
Northwest Evergreen Innovations, LLC and James Hamilton Gregersen (#) 6791 Bethel Rd. SE, Port Orchard, WA 98367 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/24/2046 52.6 52.6 58.1 0.02 %
Craftwork Carpentry and Millwork Inc (#) 2777 S Financial Ct., Sandford, FL 32773 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/24/2046 180.0 180.0 189.4 0.05 %
Kevin Head Agency, LLC (#) 941 Moores Ferry Rd., Villa Rica, GA 30180 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 6/25/2046 76.4 76.4 85.6 0.02 %
CURVE MART C-STORE AND CAJUN DELI LLC dba Curve Mart (#) 44063 Hwy. 431, Saint Amant, LA 70774 Gasoline Stations Term Loan Prime plus 2.75% 6/25/2046 185.0 185.0 196.5 0.05 %
T.A.L.E.N.T. Leadership LLC dba T.A.L.E.N.T. Leadership Napoli's Itali (#) 4280 Lavon Dr., Garland, TX 75040 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/25/2031 28.8 28.8 24.1 0.01 %
Nevada Adult Day healthcare Centers Inc (#) 2008 S Jones Blvd., Las Vegas, NV 89146 Social Assistance Term Loan Prime plus 2.75% 6/25/2031 44.7 44.7 46.6 0.01 %
J & J Rocket Fizz General Partnership (#) 3155 Outlet Dr. Space E020, Edinburgh, IN 46124 Food and Beverage Stores Term Loan Prime plus 2.75% 6/25/2031 14.8 14.8 12.4 — %
KDKB Properties, LLC and US Press, LLC (#) 1628-A James P. Rodgers Dr., Valdosta, GA 31601 Printing and Related Support Activities Term Loan Prime plus 2.75% 6/25/2031 702.8 702.8 612.2 0.17 %
The Buckeye Health Group, LLC (#) 8120 Walcot Ln, Cincinnati, OH 45249 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/25/2031 49.6 49.6 42.4 0.01 %
Alpha Variance Solutions, LLC (#) 48 Western Dr., Ardsley, NY 10502 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/25/2031 74.4 74.4 63.3 0.02 %
US Press, LLC (#) 1628-A James P. Rodgers Dr., Valdosta, GA 31601 Printing and Related Support Activities Term Loan Prime plus 2.75% 6/25/2046 541.8 541.8 561.9 0.15 %
Troung Enterprises Inc (#) 1305 SW 107th Ave, Miami, FL 33174 Personal and Laundry Services Term Loan Prime plus 2.75% 6/28/2031 9.9 9.9 8.3 — %
HTE Acquisition, LLC dba Hi Tech Engineering (#) 4610 Calle Quetza, Camarillo, CA 93012 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/28/2031 52.1 52.1 46.4 0.01 %
O.P.P. Presents LLC (#) 15927 Pioneer Blvd, Norwalk, CA 90650 Personal and Laundry Services Term Loan Prime plus 2.75% 6/29/2031 14.3 14.3 12.0 — %
Yogi's Logistics Inc and 9371 Truck Yard LLC (#) 9371 Jackson Rd, Sacramento, CA 95826 Truck Transportation Term Loan Prime plus 2.75% 6/29/2046 142.0 142.0 159.1 0.04 %
360 Concepts Group, LLC dba Bowl 360 Astoria (#) 19-45 49th St., Astoria, NY 11105 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/29/2031 116.1 116.1 97.4 0.03 %
Little Imaginations Learning Center Inc (#) 189 toll Gate Rd,, Warwick, RI 02886 Social Assistance Term Loan Prime plus 2.75% 6/29/2046 114.4 114.4 116.9 0.03 %
115
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Seema Aijaz Enterprises Inc dba Edible Arrangements (#) 1040 South BRd.way, Unit 6, Hicksville, NY 11801 Food and Beverage Stores Term Loan Prime plus 2.75% 6/29/2031 28.7 28.7 24.8 0.01 %
CALTEL, INC. (#) 2309 Acie Ave., Conway, SC 29528 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 6/29/2031 89.7 89.7 84.7 0.02 %
La Favorita Radio Network (#) 4043 Geer Rd., Hughson, CA 95326 Broadcasting (except Internet) Term Loan Prime plus 2.75% 6/29/2046 180.0 180.0 198.5 0.05 %
Eagle's Eye Comfort Care Miramar LLC (#) 6308 SW 27th St, Miramar, FL 33023 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 6/30/2046 65.5 65.5 69.8 0.02 %
Martin C. Liu & Associates, PLLC (#) 135 Bowery St., New York, NY 10002 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/30/2031 49.6 49.6 51.9 0.01 %
Neil Hoss, D.M.D., LLC. (#) 115 Hartford Turnpike, Tolland, CT 06084 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/30/2031 27.9 27.9 23.9 0.01 %
Ata&Ana LLC dba Ata Ana Home Health Agency (#) 8304 Old Courthouse Rd. Unit D, Vienna, VA 22182 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/30/2031 158.8 158.8 141.4 0.04 %
Craftwork Carpentry and Millwork Inc. (#) 2777 S Financial Ct., Sanford, FL 32773 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/30/2031 115.1 115.1 97.0 0.03 %
New York Equestrian Center Ltd (#) 633 EAGLE AVE, WEST HEMPSTEAD, NY 11552 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/30/2046 1,248.6 1,248.6 1,398.8 0.38 %
Kings Autoshow Inc dba Brooklyn Mitsubishi and Grand Auto Group LLC (#) 5815 Church Ave, Brooklyn, NY 11203 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/30/2031 38.2 38.2 38.1 0.01 %
Tidal Commerce Inc (#) 2100 Clearwater Dr, Oak Brook, IL 60523 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 6/30/2031 324.4 324.4 272.2 0.07 %
VILLELA CPA PLLC (#) 3877 SE 5th Ave, Ocala, FL 34480 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/30/2031 14.9 14.9 12.5 — %
Superior Coach Interiors, Inc (#) 211 Babb Dr, Lebanon, TN 37087 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 6/30/2031 379.9 379.9 397.2 0.11 %
Sheldon T Banks LLC (#) 2340 W Carpenter Rd., Flint, MI 48505 Personal and Laundry Services Term Loan Prime plus 2.75% 6/30/2046 57.8 57.8 64.8 0.02 %
Holland Holdings LLC (#) 1102 Blackbriar Cir Ne, Hartselle, AL 35640 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/30/2031 198.4 198.4 172.7 0.05 %
Zollner Enterprises, Inc (#) 221 Hulls Chapel Rd, Fredericksburg, VA 22406 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/30/2031 49.6 49.6 41.7 0.01 %
Royal Restaurants, LLC (#) 138 Griffin Rd., Ruston, LA 71270 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/30/2031 247.4 247.4 232.9 0.06 %
Gene Properties LLC,4 Winnapaug Rd LLC and,144 Atlantic Ave LLC (#) 149 Atlantic Ave, Westerly, RI 02891 Accommodation Term Loan Prime plus 2.75% 6/30/2046 1,124.0 1,124.0 1,259.2 0.34 %
Afrodisiac Enterprises LLC dba Afrodisiac Nola (#) 5363 Franklin Ave, New Orleans, LA 70122 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/1/2046 30.0 30.0 32.1 0.01 %
Jason M. Eberhart dba Stae Farm (#) 600 Allegheny St., Jersey Shore, PA 17740 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 7/2/2046 25.9 25.9 26.1 0.01 %
156 W. Salon & Boutique, llc dba Shabby Shek Salon and Boutique (#) 156 West Tioga St., Tunkhannock, PA 18657 Personal and Laundry Services Term Loan Prime plus 2.75% 7/2/2046 40.1 40.1 40.0 0.01 %
The Iron Smith LLC dba Anytime Fitness Nevada (#) 1818 Fawcett Pkwy, Nevada, IA 50201 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/8/2031 30.2 30.2 25.4 0.01 %
116
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Accommodating Financial & Tax Services, LLC (#) 5151 Monroe St., Toledo, OH 43623 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/8/2031 12.9 12.9 12.5 — %
Rymax Electronics Inc (#) 1805 5th Ave. Suite F, Bay Shore, NY 11706 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/8/2046 51.2 51.2 57.4 0.02 %
Colorado Travel Solutions LLC (#) 2895 Queen St, Colorado Springs, CO 80904 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 7/16/2031 70.0 70.0 58.7 0.02 %
Monarch Construction and Roofing LLC (#) 700 Corporate Circle, Golden, CO 80401 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/16/2031 44.9 44.9 37.7 0.01 %
K-M-P Auto Group LLC (#) 1788 Austin Hwy, San Antonio, TX 78218 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 7/19/2046 33.1 33.1 36.1 0.01 %
Sparta Athletic Campus, LLC (#) 115 Sparta Ave., Sparta, NJ 07871 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/20/2046 216.0 216.0 239.2 0.07 %
Jeragardens Wedding Rentals LLC, (#) 5842 South 1150 West, Ogden, UT 84405 Rental and Leasing Services Term Loan Prime plus 6.5% 7/20/2031 6.3 6.3 6.1 — %
110 Enterprises, LLC dba Boomerang Bar and Grill (#) 110 Limekiln Rd., Unit 2, New Cumberland, PA 17070 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/20/2046 279.0 279.0 303.4 0.08 %
Ecos Consulting, LLC (#) 1519 Roller Rd, Ocean Township, NJ 07712 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/20/2031 20.9 20.9 17.5 — %
TDI Global Solutions Inc (#) 1 Riverfront Plaza, Suite 12, Lawrence, KS 66044 Paper Manufacturing Term Loan Prime plus 2.75% 7/21/2031 199.7 199.7 175.4 0.05 %
Basha Home Improvement LLC (#) 41 Van Houten Ave., Jersey City, NJ 07305 Construction of Buildings Term Loan Prime plus 6.5% 7/21/2031 2.6 2.6 2.5 — %
Profit Stewards LLC dba AAMCO Transmissions of Phoenixville (#) 458 Schuylkill Rd., Phoenixville, PA 19460 Repair and Maintenance Term Loan Prime plus 2.75% 7/21/2031 5.5 5.5 4.6 — %
All Regional Recyclers of Wood LLC and Superior Carting & Waste System (#) 104 Wooster St., Bethel, CT 06801 Waste Management and Remediation Services Term Loan Prime plus 2.75% 7/22/2031 54.9 54.9 50.8 0.01 %
Ever Prosperous Realty Inc (#) 430 S Chandler Ave., Monterey Park, CA 91754 Real Estate Term Loan Prime plus 2.75% 7/22/2031 15.0 15.0 12.6 — %
Mattress and Rug outlet LLC (#) 1818 State St., Schenectady, NY 12304 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 7/23/2031 59.9 59.9 61.3 0.02 %
Tarun LLC, dba Signature Wine & Liquor (#) 325 South Limestone, Lexington, KY 40508 Food and Beverage Stores Term Loan Prime plus 6.5% 7/23/2031 6.3 6.3 6.1 — %
GSK Industries Inc dba Quality One Pool Management (#) 3217 W Tompkins Ave., Las Vegas, NV 89103 Administrative and Support Services Term Loan Prime plus 2.75% 7/23/2031 15.0 15.0 12.6 — %
52 Tran, LLC (#) 773 South MacArthur Blvd., Suite 205, Coppell, TX 75019 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 7/23/2031 18.0 18.0 15.1 — %
Premier Tech Security, LLC (#) 1616 Westgate Circle, Suite 111, Brentwood, TN 37027 Administrative and Support Services Term Loan Prime plus 2.75% 7/23/2031 17.5 17.5 14.7 — %
L.A. Crescent LLC dba Aamco Car Care Center (#) 1010 East 6th Ave., Stillwater, OK 74074 Repair and Maintenance Term Loan Prime plus 2.75% 7/23/2031 30.0 30.0 25.9 0.01 %
Biig Brand Management Ltd. Co. (#) 512 East 11th St., Houston, TX 77008 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 7/23/2046 80.0 80.0 89.6 0.02 %
Delbello Enterprises LLC dba Il Portico (#) 273 West Route 130 South, Burlington, NJ 08016 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/23/2031 49.9 49.9 52.2 0.01 %
117
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

K Wallace, LLC dba Fit Learning Columbus (#) 6631 Commerce Pkwy Suite G, Dublin, OH 43085 Educational Services Term Loan Prime plus 2.75% 7/26/2031 3.5 3.5 2.9 — %
WLG Inc (#) 6257 West Ave. J9, Lancaster, CA 93536 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 7/27/2046 182.0 182.0 189.5 0.05 %
Clinically Speaking, LLC (#) 207 N Davies Rd., Lake Stevens, WA 98258 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/27/2031 358.7 358.7 301.0 0.08 %
Jaime Gervasi & Associates LLC (#) 3243 Eastern Ave., Baltimore, MD 21224 Real Estate Term Loan Prime plus 2.75% 7/27/2031 15.5 15.5 13.8 — %
Five Rivers 1938 Enterprises, Inc dba The Hummus Republic (#) 3032 W Jack London Blvd., Livermore, CA 94551 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/28/2032 5.2 5.2 4.9 — %
Travis Construction Company, LLC (#) 11258 Bayou Bernard Rd., Gulfport, MS 39503 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/28/2031 30.0 30.0 26.0 0.01 %
On Spot Techs Ltd dba Wi-Fi Surveyors (#) 4732 Dixie Dr. South, Dayton, OH 45439 Repair and Maintenance Term Loan Prime plus 2.75% 7/29/2046 17.1 17.1 17.8 — %
Dream Splash International LLC (#) 650 S Cherry St., Denver, CO 80246 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/29/2031 84.9 84.9 71.5 0.02 %
Global Packaging Solutions, Inc (#) 6259 Progressive Ave, San Diego, CA 92154 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 7/29/2031 237.8 237.8 207.4 0.06 %
Kamboj Investments Inc dba Chicago's Pizza with Twist (#) 1156 South Main St., Manteca, CA 95337 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/29/2031 15.0 15.0 12.8 — %
GN Enterprises LLC (#) 4507 SE Ramona St., Portland, OR 97206 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 7/29/2046 85.5 85.5 92.1 0.03 %
Karson A Schepp (#) 8715 Hwy 14, Kramer, ND 58748 Crop Production Term Loan Prime plus 2.75% 7/29/2031 34.9 34.9 30.8 0.01 %
Cherich Enterprises dba Yogasix Pasadena (#) 277 W Green St. Suite 110, Pasadena, CA 91105 Educational Services Term Loan Prime plus 2.75% 10/29/2031 26.6 26.6 22.8 0.01 %
Tiny Tots Kingdom Inc (#) 4961 N Dixie Hwy Suites 2-6, Oakland Park, FL 33334 Social Assistance Term Loan Prime plus 2.75% 7/29/2031 20.0 20.0 16.8 — %
Rocky Mountain Concrete, Inc (#) 6674 MALTESE LN A, Bozeman, MT 59718 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/29/2031 249.8 249.8 227.3 0.06 %
Melissa S. Scharf (#) 14313 Califa St., Sherman Oaks, CA 91401 Social Assistance Term Loan Prime plus 2.75% 7/30/2031 9.0 9.0 7.5 — %
Kings Autoshow Inc and Grand Auto Group LLC (#) 5815 Church Ave, Brooklyn, NY 11203 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 7/30/2031 119.8 119.8 103.3 0.03 %
Patriot Services Group Inc (#) 108 Phillips Circle, Columbiana, AL 35051 Personal and Laundry Services Term Loan Prime plus 2.75% 7/30/2031 22.5 22.5 18.9 0.01 %
Crux Solutions LLC dba Waddell's Riverside Funeral Directors (#) 6938 Westover St., Houston, TX 77087 Personal and Laundry Services Term Loan Prime plus 2.75% 12/30/2031 11.6 11.6 12.2 — %
GLH delivering services Inc and Paisley Logistics Inc (#) 121 Pine Rd., Easley, SC 29642 Couriers and Messengers Term Loan Prime plus 2.75% 7/30/2031 271.3 271.3 227.7 0.06 %
Blue Water Dynamics, LLC dba Dougherty Manufacturing & Solace Boats, L (#) 308 South Old County Rd., Edgewater, FL 32132 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 7/30/2046 1,250.0 1,250.0 1,400.4 0.38 %
118
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

The Travel Society LLC;Religious Travel International LLC (#) 650 S Cherry St., Denver, CO 80246 Administrative and Support Services Term Loan Prime plus 2.75% 7/30/2031 87.1 87.1 73.1 0.02 %
J &C May Properties, LLC. (#) 315 Sylamore Ave., Mountain View, AR 72560 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 7/30/2031 20.0 20.0 16.8 — %
100% Permanent Inc. (#) 1315 N. Larrabee St., Chicago, IL 60610 Personal and Laundry Services Term Loan Prime plus 2.75% 7/30/2046 33.0 33.0 34.8 0.01 %
CIRLABS, INC,Outcome Driven Innovation and Spracht Inc (#) 974 Commercial St., Palo Alto, CA 94043 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 7/30/2031 51.9 51.9 43.6 0.01 %
AA Power Equipment, Inc (#) 999 Mansell Rd., Suite B, C, & D, Roswell, GA 30076 Nonstore Retailers Term Loan Prime plus 2.75% 7/30/2031 79.9 79.9 67.0 0.02 %
Charles P Carpenter dba All-Ways Pumping (#) 5701 Beckford Ave, Tarzana, CA 91356 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/30/2031 112.2 112.2 108.6 0.03 %
P.O.P Enterprises LLC (#) 860 Constellation Dr., Decatur, GA 30033 Administrative and Support Services Term Loan Prime plus 2.75% 8/3/2031 4.5 4.5 3.8 — %
C&J General Engineering (#) 3060 Thorntree Dr #10, Chico, CA 95973 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/4/2046 27.5 27.5 25.8 0.01 %
Ronald L. McFarlain dba Cajun Connection (#) 2958 IL-178, North Utica, IL 61373 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/5/2046 33.5 33.5 35.4 0.01 %
Dara, Inc. (#) 29 Old Planters Rd, Beverly, MA 01915 Nonstore Retailers Term Loan Prime plus 2.75% 8/5/2031 33.0 33.0 27.7 0.01 %
The Hiccup Inc (#) 158 Humphrey St., Swampscott, MA 01907 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 8/6/2031 20.7 20.7 17.4 — %
C4 Technologies Inc. (#) 171 C Ave., Suite C, Coronado, CA 92118 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 8/6/2031 6.3 6.3 6.1 — %
KBO Investment and Sterling HTS KBO Investments LLC (#) 748 West Big Beaver Rd., Troy, MI 48084 Personal and Laundry Services Term Loan Prime plus 2.75% 8/10/2031 46.0 46.0 39.3 0.01 %
Game Time Vending, LLC (#) 10105 Amberwood Rd. Suites #1 and #5, Fort Myers, FL 33913 Nonstore Retailers Term Loan Prime plus 2.75% 8/11/2031 1,250.0 1,250.0 1,142.2 0.31 %
Lovely Moments Iowa Photography, LLC (#) 313 South Logan St., Roland, IA 50236 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/11/2031 3.0 3.0 2.5 — %
Montauk Donut Group, Inc dba Dunkin Donuts (#) 1669 Montauk Hwy., Bellport, NY 11713 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/12/2031 40.4 40.4 42.2 0.01 %
Bird's Nest Florist & Gifts, LLC (#) 549-E College Park Rd., Ladson, SC 29456 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 8/12/2031 5.9 5.9 5.0 — %
DTT ENTERPRISES, LLC (#) 6565 Austin Hope Ave, Las Vegas, NV 89118 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/16/2031 35.0 35.0 29.4 0.01 %
Revive Aesthetics & Wellness, LLC (#) 404 Roosevelt AVE, Central Falls, RI 02863 Personal and Laundry Services Term Loan Prime plus 2.75% 8/13/2031 27.5 27.5 24.0 0.01 %
Baite Auto Sales LLC (#) 2865 Suwanee Rd., Columbus, OH 43224 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 8/13/2046 11.5 11.5 12.9 — %
Transatlantic Translations Company, LLC (#) 411 Theodore Fremd Ave, Rye, NY 10580 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/16/2031 25.0 25.0 21.0 0.01 %
Hartwood Inn (#) 1312 GILBERT ST, CHARLES CITY, IA 50616 Accommodation Term Loan Prime plus 2.75% 8/17/2046 40.0 40.0 44.8 0.01 %
119
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Cezary A. Lapa dba Globe Polska Ksiazka (#) 5747 West Irving Park Rd., Chicago, IL 60634 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 8/17/2031 7.0 7.0 5.9 — %
Luxury Tree Services LLC (#) 5925 SW 69th St., Miami, FL 33413 Forestry and Logging Term Loan Prime plus 2.75% 8/18/2031 99.9 99.9 84.5 0.02 %
Glorious Training Group Inc dba F45 Training Murabella (#) 185 Murabella Pkwy, St. Augustine, FL 32092 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/18/2031 15.0 15.0 13.4 — %
Kiwi Vision, LLC (#) 27518 Portsmouth Ave, Hayward, CA 94545 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 8/19/2031 10.0 10.0 8.4 — %
Vida Meat Company LLC (#) 1370 West Cheyenne Ave., North Las Vegas, NV 89030 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 8/19/2031 47.5 47.5 43.7 0.01 %
Elizabeth K. Little and dba Mrs. Little's Tea and Toys (#) 108 North Davis St., Hamilton, MO 64644 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/19/2031 2.7 2.7 2.8 — %
Derheim, Inc (#) 601 Main Ave, West Fargo, ND 58078 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/19/2046 163.0 163.0 166.5 0.05 %
Power Enterprise LLC (#) 119 East 710 South Circle, Ivins, UT 84738 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/20/2031 3.2 3.2 2.6 — %
Michelle Rodriguez, PT PLLC dba MPG One Wellness Center (#) 130 West 56th St., Third Floor Office, New York, NY 10019 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/20/2031 35.0 35.0 29.4 0.01 %
Patoruzu, Inc. dba Sharkey's Cuts For Kids (#) 18121 Tuckerton Rd., Suite 130, Cypress, TX 77433 Personal and Laundry Services Term Loan Prime plus 2.75% 8/20/2031 10.0 10.0 8.4 — %
PCH Ventures, LLC dba Chop Stop (#) 18515 Brookhurst St., Fountain valley, CA 92618 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/20/2031 25.3 25.3 26.5 0.01 %
The Jar Circle, Inc dba Frida's Mexican Grill (#) 3545 Merrick Rd., Seaford, NY 11783 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/20/2031 13.9 13.9 11.9 — %
Royal Home Care and Staffing LLC (#) 453 Oakton Rd, Odenton, MD 21113 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/20/2031 32.3 32.3 33.8 0.01 %
Dallas MTV, LLC (#) 2911 Turtle Creek Blvd., Suite 300, Dallas, TX 75219 Personal and Laundry Services Term Loan Prime plus 2.75% 8/20/2031 18.7 18.7 15.7 — %
CJNR LLC dba Parkhurst Motel (#) 208 East Main St., Elma, WA 98541 Accommodation Term Loan Prime plus 2.75% 8/24/2046 40.0 40.0 44.8 0.01 %
Christopher John Looney Agency Inc. (#) 426 South Atlanta St., Unit 110, Roswell, GA 30075 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 8/25/2031 2.7 2.7 2.3 — %
Premiere Inc (#) 615 N Landry Dr., New Iberia, LA 70563 Support Activities for Mining Term Loan Prime plus 2.75% 8/25/2031 390.0 390.0 407.8 0.11 %
Gralyn Fabrication & Machining LLC (#) 1119 Bluff Ridge Rd., Waynesburg, PA 15370 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 8/25/2031 9.0 9.0 7.6 — %
Tiny's Gumbo Bar NYC LLC (#) 275 Church St., New York, NY 10013 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/25/2031 16.9 16.9 15.2 — %
MA Allen LLC dba Premier Martial Arts (#) 380 East Bethany Dr., Allen, TX 75002 Educational Services Term Loan Prime plus 2.75% 3/25/2031 7.5 7.5 6.3 — %
Swick & Son Enterprises, Inc (#) 108 Mashell Ave. North, Eatonville, WA 98328 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/25/2031 18.0 18.0 15.3 — %
Force3 Enterprises, LLLP (#) 240 Hathway Dr., Stratford, CT 06615 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 8/25/2046 195.7 195.7 207.6 0.06 %
120
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Trinity Lumber and Building Supply, Inc and Merritt and Sarah Goodyear (#) 230 Washington St., Weaverville, CA 96093 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 8/25/2046 70.0 70.0 75.9 0.02 %
Tapuya Brands Corporation (#) 23 Leroy St., New York, NY 10014 Nonstore Retailers Term Loan Prime plus 2.75% 8/26/2031 67.0 67.0 56.2 0.02 %
Hair and Beauty Market Place, LLC dba LABOR (#) 7900 S. Orange Blossom Trail, Unit 1, Orlando, FL 32809 Health and Personal Care Stores Term Loan Prime plus 2.75% 5/26/2047 172.3 172.3 192.3 0.05 %
HHD Aviation, LLC dba Great Milwaukee Training and Testing Center (#) 2820 Bobmeyer Rd., Hanger C-7, Hamilton, OH 45015 Real Estate Term Loan Prime plus 2.75% 8/26/2046 46.7 46.7 52.3 0.01 %
Island Kaii & Company dba Island Kaii (#) 20140 Livemois, Detroit, MI 48221 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 8/26/2031 7.5 7.5 7.5 — %
Debut Solutions LLC (#) 2000 Frankfort St, Laredo, TX 78040 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 8/27/2031 275.7 275.7 236.7 0.06 %
3D Printed Tabletop, LLC (#) 2870 Sonata Court, St. Cloud, FL 34772 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 8/27/2031 3.0 3.0 2.5 — %
7 BRANCHES CORPORATION dba Nikos (#) 410 Pearl St., Lake Wales, FL 33853 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/27/2031 4.0 4.0 3.4 — %
DEBUT SOLUTIONS LLC (#) 2000 Frankfurt St., Laredo, TX 78040 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 8/27/2046 65.0 65.0 69.5 0.02 %
Downtown Dance Academy Limited Liability Company (#) 1204 Hooper Ave., Toms River, NJ 08753 Educational Services Term Loan Prime plus 2.75% 8/27/2031 5.5 5.5 4.6 — %
Willow Falls Venue LLC (#) 23122 S North Carolina Hwy. 109, Denton, NC 27239 Personal and Laundry Services Term Loan Prime plus 2.75% 8/27/2046 20.7 20.7 22.1 0.01 %
25 Dials LLC (#) 875 North High St., Suite 300, Columbus, OH 43215 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 8/27/2031 9.5 9.5 9.9 — %
Kadence Consulting Inc (#) 13315 Bishops Ct, Roswell, GA 30075 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/30/2031 18.6 18.6 15.6 — %
Barbara Acupuncture LLC (#) 268 US-206, Flanders, NJ 07836 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/30/2046 24.5 24.5 26.3 0.01 %
K's Salon 1 LLC dba Gerard Anthony Salon (#) 580 Amsterdam Ave, New York, NY 10024 Personal and Laundry Services Term Loan Prime plus 2.75% 1/30/2031 14.7 14.7 12.3 — %
Rosy Rings, Inc (#) 2400 Industrial Lane, Suite 700, Broomfield, CO 80020 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 8/31/2031 166.8 166.8 140.0 0.04 %
Shrijee LLC dba Econo Lodge (#) 908 Washington St., Manitowoc, WI 54220 Accommodation Term Loan Prime plus 2.75% 12/31/2046 119.2 119.2 133.1 0.04 %
Kenbenco, Inc.dba Benson Steel Fabricators (#) 437 Route 212, Saugerties, NY 12477 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 8/31/2031 163.7 163.7 158.4 0.04 %
paws Boarding LLC dba paws DayCamp and Boarding (#) 2449 Breanna Way, Little Elm, TX 75068 Personal and Laundry Services Term Loan Prime plus 2.75% 8/31/2031 2.7 2.7 2.3 — %
Tactical Integrated Systems Inc (#) 16430 Good Hearth Blvd, Clermont, FL 34711 Repair and Maintenance Term Loan Prime plus 2.75% 8/31/2031 18.0 18.0 15.1 — %
Big Heart LLC dba Chick'n Cone (#) 1158 W San Marcos Blvd, San Marcos, CA 92078 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2031 8.6 8.6 7.7 — %
121
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

JeanAnn Schwark, MS, FNP-C PLLC dba Serenity Women's Care (#) 10615 N Hayden Rd C100, Scottsdale, AZ 85260 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/31/2031 166.0 166.0 145.9 0.04 %
IT Quality Solutions, Inc (#) 6522 Creekview Circle, Duluth, GA 30097 Administrative and Support Services Term Loan Prime plus 2.75% 8/31/2031 8.0 8.0 6.7 — %
RM Interiors Inc.dba House of Moseley (#) 8200 Stockdale HWY D-6, Bakersfield, CA 93311 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 8/31/2031 30.0 30.0 25.2 0.01 %
Cadena Co. (#) 2133 Southend Dr. #301, Charlotte, NC 28213 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/31/2031 10.5 10.5 8.8 — %
4 Points Towing & Roadside Service LLC (#) 5425 Willow Grove Rd., Camden Wyoming, DE 19934 Support Activities for Transportation Term Loan Prime plus 2.75% 9/2/2031 35.0 35.0 31.4 0.01 %
RGV Poke LLC dba Pokeworks (#) 5401 North 10 St. Unit 126, McAllen, TX 78504 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/2/2032 5.6 5.6 5.4 — %
331 Foley Sound Inc (#) 19355 Business Center Dr., Unit #9, Northridge, CA 91324 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 1/2/2032 25.0 25.0 21.2 0.01 %
Sheryl's Candy Apple Creations, LLC (#) 131 Piney Green Rd., Suite 300, Jacksonville, NC 28546 Food and Beverage Stores Term Loan Prime plus 2.75% 12/2/2031 6.0 6.0 5.3 — %
JD Hunt Custom Homes Incorporated dba JD Hunt Construction (#) 5515 Parkcrest Dr., Austin, TX 78731 Construction of Buildings Term Loan Prime plus 2.75% 9/3/2031 916.0 916.0 768.7 0.21 %
XL Auto Group LLC dba Autos Wholesale (#) 28900 Mission Blvd., Hayward, CA 94544 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 9/3/2031 18.5 18.5 15.5 — %
Oak North LLC, & Constantinos Constantinou (#) 94 Union St., Vernon, CT 06066 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/7/2031 52.0 52.0 54.4 0.01 %
Almina Concept, Inc. (#) 5042 Willshire Blvd., Los Angeles, CA 90036 Nonstore Retailers Term Loan Prime plus 2.75% 9/7/2031 2.5 2.5 2.1 — %
Sassy Sista's Boutique LLC (#) 499 N State RD 434, Suite 2001, Altamonte Springs, FL 32779 Health and Personal Care Stores Term Loan Prime plus 2.75% 9/7/2031 6.5 6.5 5.5 — %
Grand Portage LLC (#) 3306 Chelsea Cir, Ann Arbor, MI 48108 Nonstore Retailers Term Loan Prime plus 2.75% 9/7/2031 33.4 33.4 28.0 0.01 %
Alaska Industrial Paint, LLC dba Alaska Fleet and Collision Specialist (#) 1301 North Post Rd., Anchorage, AK 99501 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/8/2032 11.5 11.5 12.1 — %
Le Bajec Le LLC (#) 810 N Alamo St,, San Antonio, TX 78215 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/8/2046 79.4 79.4 83.8 0.02 %
Queen Oxygen Co. dba Quest Cylinder Co. (#) 239 Lafayette St., London, OH 43140 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/9/2031 45.3 45.3 43.3 0.01 %
B & W Towing, LLC (#) 701 Addison Rd., Painted Post, NY 14870 Support Activities for Transportation Term Loan Prime plus 2.75% 2/9/2047 49.4 49.4 55.2 0.02 %
Y & C Company INC dba Miji-Mura Hibachi & Sushi (#) 1850 N University Dr,, Coral Springs, FL 33071 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/9/2046 246.8 246.8 276.5 0.08 %
Essex Trade, Inc.dba Artesano's (#) 33 Bearskin Neck, Rockport, MA 01966 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/10/2031 6.2 6.2 5.2 — %
Panditos LLC dba White Lotus Home (#) 745 Joyce Kilmer Ave, New Brunswick, NJ 08901 General Merchandise Stores Term Loan Prime plus 2.75% 9/10/2031 20.0 20.0 16.8 — %
122
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Remsund Group Inc dba Remsund Group (#) 6581 Westland Dr., Brownsburg, IN 46112 Couriers and Messengers Term Loan Prime plus 2.75% 9/10/2031 55.0 55.0 46.2 0.01 %
Tri T. Le dba AN Company (#) 1431 Amro Way, South El Monte, CA 91733 Printing and Related Support Activities Term Loan Prime plus 2.75% 9/10/2031 15.8 15.8 14.3 — %
Kyle Keiper LLC (#) 3408 Spring St #1, Pompano Beach, FL 33062 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 9/10/2031 12.2 12.2 11.2 — %
Trash Can Rescue LLC (#) 1096 Nast Chapel Rd, Martinsville, IN 46151 Administrative and Support Services Term Loan Prime plus 2.75% 9/10/2031 18.9 18.9 17.2 — %
MattCole Construction and Roofing, LLC (#) 2529 Boxford Lane, Cordova, TN 38016 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/13/2031 55.0 55.0 49.3 0.01 %
Touch of Therapy Massage, LLC (#) 8510 Warner Rd., Suite 300, Plain City, OH 43064 Personal and Laundry Services Term Loan Prime plus 2.75% 9/13/2031 15.0 15.0 15.7 — %
Dennis Hair Studio Inc (#) 1566 Union Turnpike, New Hyde Park, NY 11040 Personal and Laundry Services Term Loan Prime plus 6.5% 9/13/2031 6.3 6.3 6.1 — %
Octopus Records LLC (#) 72-05 72nd Place, 2B, Glendale, NY 11385 Nonstore Retailers Term Loan Prime plus 2.75% 9/13/2031 4.5 4.5 3.8 — %
O&O Welding Zone Corp (#) 2100 4th St., Orlando, FL 32824 Repair and Maintenance Term Loan Prime plus 2.75% 9/13/2046 48.0 48.0 51.7 0.01 %
Amado Trader LLC dba Amado Games LLC (#) 5545 Bulls Bay D, Virginia Beach, VA 23462 Nonstore Retailers Term Loan Prime plus 2.75% 9/13/2031 4.5 4.5 3.8 — %
MTR Designs LLC (#) 205 North 12th St., Opelika, AL 36801 Nonstore Retailers Term Loan Prime plus 2.75% 9/14/2031 7.5 7.5 6.3 — %
For The Love Athletics LLC (#) 225 N Downing St, Davidson, Davidson, NC 28036 Educational Services Term Loan Prime plus 2.75% 9/14/2031 5.0 5.0 4.2 — %
R & S Chroniger Enterprises, LLC (#) 1681 Beech Ln, Hanover, PA 17331 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/14/2031 17.9 17.9 15.1 — %
JEMS Transportation & Logistics LLC (#) 30715 Basil Trace Dr., Spring, TX 77386 Truck Transportation Term Loan Prime plus 2.75% 9/14/2031 15.0 15.0 12.6 — %
Aaron Mahoney dba Alaska Gulf Coast Expeditions (#) 16347 Deerfield St,, Ninilchik, AK 99639 Scenic and Sightseeing Transportation Term Loan Prime plus 2.75% 9/14/2031 29.0 29.0 24.3 0.01 %
SkyEstate LLC dba Vango's Drive Thru (#) 4000 Leap Rd, Hilliard, OH 43026 Food and Beverage Stores Term Loan Prime plus 2.75% 9/14/2031 30.6 30.6 25.7 0.01 %
Radiator Fans Unlimited LLC and Gros Holdings Unlimited Inc (#) 6179 Alameda Ave., El Paso, TX 79905 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/15/2046 45.4 45.4 49.2 0.01 %
Radiator Fans Unlimited LLC and Gros Holdings Unlimited, Inc (#) 6179 Alameda Ave, El Paso, TX 79905 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/15/2031 55.0 55.0 46.9 0.01 %
Phillips Diesel Service LLC (#) 4150 S 32nd St W, Muskogee, OK 74401 Repair and Maintenance Term Loan Prime plus 2.75% 9/17/2046 30.5 30.5 31.6 0.01 %
Preston E. Jones dba Tiny Homer (#) 62361 Mary Miller Ave., Homer, AK 99603 Specialty Trade Contractors Term Loan Prime plus 2.75% 48108 $ 5.5 $ 5.5 $ 5.8 — %
Hurricane Beauty LLC (#) 1110 vandon loop, Berlin, NJ 08009 Nonstore Retailers Term Loan Prime plus 2.75% 48108 $ 10.0 $ 10.0 $ 8.4 — %
Goode Tax and Resolution, LLC (#) 2527 Standifer Place, Lanham, MD 20706 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 48108 $ 3.2 $ 3.2 $ 2.7 — %
123
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Oui Pastry LLC (#) 1905 Scenic Hwy N #10000b, Snellville, GA 30078 Food and Beverage Stores Term Loan Prime plus 2.75% 48108 $ 5.0 $ 5.0 $ 4.2 — %
Udder Free Only, LLC (#) 3603 Vinton Ave Unit 205, Los Angeles, CA 90034 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 48112 $ 18.0 $ 18.0 $ 15.6 — %
MDJ Chiropractic PC (#) 18009 Jamaica Ave, Jamaica, NY 11432 Ambulatory Health Care Services Term Loan Prime plus 2.75% 48113 $ 5.0 $ 5.0 $ 4.2 — %
Vincent Remodeling, LLC (#) 4667 Riverbend RdTrussville, Trussville, AL 35173 Construction of Buildings Term Loan Prime plus 2.75% 48114 $ 15.0 $ 15.0 $ 12.6 — %
Quinn da Matta Productions LLC (#) 2155 Outpost Dr, Los Angeles, CA 90068 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 48114 $ 4.2 $ 4.2 $ 3.5 — %
D&M Properties, LLC (#) 2600 Coon Rapids Blvd. Nortwest, Coon Rapids, MN 55433 Repair and Maintenance Term Loan Prime plus 2.75% 48115 $ 25.6 $ 25.6 $ 21.5 0.01 %
Rightworks Staffing Inc. (#) 1201 Kenwood Ave, Austin, TX 78704 Administrative and Support Services Term Loan Prime plus 2.75% 48115 $ 150.0 $ 150.0 $ 125.9 0.03 %
Gateway Auto Service and Collision #2 Inc (#) 1205 South 8th Ave., Maywood, IL 60153 Repair and Maintenance Term Loan Prime plus 2.75% 53594 $ 29.8 $ 29.8 $ 33.3 0.01 %
Great Dog Products for Great People LLC dba Royal Frenchel (#) 13207 Squawwood Lane SE, Rainier, WA 98576 Animal Production and Aquaculture Term Loan Prime plus 2.75% 48115 $ 12.5 $ 12.5 $ 10.9 — %
Forays, Ltd dba Northern Comfort (#) 2800 N. Lagoon Dr., Wasilla, AK 99654 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 53594 $ 172.5 $ 172.5 $ 182.4 0.05 %
Taurus Legacy, LLC dba Papas Diner (#) 626 FL-50, Clermont, FL 34711 Food Services and Drinking Places Term Loan Prime plus 2.75% 48115 $ 9.5 $ 9.5 $ 7.9 — %
Mag Auto Group Inc dba MAG Motor Company (#) 1890 North Main St., Walnut Creek, CA 94596 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 48115 $ 221.0 $ 221.0 $ 185.5 0.05 %
3-2-1 Go LLC dba Burgerz and Ballz (#) 868 Fulda Ave NW, Palm Bay, FL 32907 Food Services and Drinking Places Term Loan Prime plus 2.75% 48115 $ 5.4 $ 5.4 $ 4.8 — %
Teach 2 Teach Music Lessons, LLC (#) 184 Marshall Hill Rd., West Milford, NJ 07480 Educational Services Term Loan Prime plus 2.75% 48115 $ 10.5 $ 10.5 $ 8.8 — %
RightTalents LLC (#) 639 Passaic Ave., Nutley, NJ 07110 Administrative and Support Services Term Loan Prime plus 2.75% 48115 $ 10.0 $ 10.0 $ 8.4 — %
USA Security Services Corporation (#) 844 Hebron Ave., Glastonbury, CT 06033 Administrative and Support Services Term Loan Prime plus 2.75% 48115 $ 100.0 $ 100.0 $ 83.9 0.02 %
Black Market Restaurant Group Inc. dba Black Market Meal Prep (#) 29941 Aventura, Suite K, Rancho Santa Margarita, CA 92688 Food Services and Drinking Places Term Loan Prime plus 2.75% 48297 $ 9.2 $ 9.2 $ 8.5 — %
Strong Tower 10933, Inc. (#) 15530 NW US Hwy 441, Alachua, FL 32615 Food Services and Drinking Places Term Loan Prime plus 2.75% 48118 $ 8.3 $ 8.3 $ 7.0 — %
Coast to Coast Carmel Corporation dba Coast To Coast Collection (#) 9450 N Aronson Rd., Indianapolis, IN 46240 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 48118 $ 305.0 $ 305.0 $ 257.2 0.07 %
C.D.A. Serviceability Trust Inc (Co-Borrower) (#) 4501 6th Ave, Tacoma, WA 98406 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 53597 $ 69.3 $ 69.3 $ 76.6 0.02 %
Coast to Coast Auto Sales Incorporated (#) 9200 E 131 St St., Indianapolis, IN 46240 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 48118 $ 150.0 $ 150.0 $ 125.9 0.03 %
124
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Momentum Metal Finishing Inc. (#) 1286 Anvilwood Ave, Sunnyvale, CA 94089 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 53597 $ 1,058.3 $ 1,058.3 $ 1,155.1 0.32 %
Ben Anderson 365 (#) 9920 Research Dr., Irvine, CA 93108 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 48118 $ 50.0 $ 50.0 $ 42.0 0.01 %
Daisi Inc. (#) 10300 West Charleston Blvd., Las Vegas, NV 89135 Data Processing, Hosting, and Related Services Term Loan Prime plus 2.75% 48118 $ 110.0 $ 110.0 $ 92.3 0.03 %
Michael Risoldi's Auto Repair Inc. (#) 1435 Woodlane Rd., Eastampton, NJ 08060 Repair and Maintenance Term Loan Prime plus 2.75% 48118 $ 126.5 $ 126.5 $ 128.6 0.04 %
JRB Inc dba Bulger True Value (#) 1185 W Santa Fe St, Olathe, KS 66061 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 48119 $ 25.8 $ 25.8 $ 21.6 0.01 %
Cj Real Estate Partners LLC (#) 1800 E Palm Ave, Tampa, FL 33605 Food Services and Drinking Places Term Loan Prime plus 2.75% 53751 $ 213.7 $ 213.7 $ 232.6 0.06 %
Art Food Attitude Inc. dba Bamboo Leaf Thai Eatery (#) 724 Main St., Bradley Beach, NJ 07720 Food Services and Drinking Places Term Loan Prime plus 2.75% 48119 $ 26.0 $ 26.0 $ 22.0 0.01 %
Catching Fish LLC dba Man Overboard Bait and Tackle (#) 1825 S. Patrick Dr., Suite B, Harbour Beach, FL 32937 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 48119 $ 5.4 $ 5.4 $ 4.5 — %
LuLu Kingdom LLC (#) 18 S. 20th St., Philadelphia, PA 19103 Food Services and Drinking Places Term Loan Prime plus 2.75% 48272 $ 15.5 $ 15.5 $ 13.8 — %
Teaghlach Firearms LLC dba TFirearms (#) 117 S. Main St., Altus, OK 73526 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 48119 $ 2.8 $ 2.8 $ 2.4 — %
Pueblo Canyon, LLC, Matthew Benjamin Allen and Elizabeth Kelly Allen (#) 199 SAN ILDEFONSO Rd., LOS ALAMOS, NM 87544 Accommodation Term Loan Prime plus 2.75% 53599 $ 102.2 $ 102.2 $ 105.4 0.03 %
Nidal Radwan, M.D., P.A (#) 18100 N.E. 19th Ave., North Miami Beach, FL 33162 Ambulatory Health Care Services Term Loan Prime plus 2.75% 48120 $ 82.7 $ 82.7 $ 72.6 0.02 %
ARO Financial, Inc (#) 12020 Sunrise Valley Dr., Reston, VA 20191 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 48120 $ 63.0 $ 63.0 $ 53.0 0.01 %
Daring Business Strategies Inc. (#) 600 Front St., Lynden, WA 98264 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 48120 $ 35.0 $ 35.0 $ 29.4 0.01 %
Agerton Timber LLC and Agerton Transportation, LLC (#) 3166 Aurelle Rd., Strong, AR 71765 Forestry and Logging Term Loan Prime plus 2.75% 48120 $ 30.0 $ 30.0 $ 26.7 0.01 %
TRI-COUNTY SERVICES, INC. and Andrew M Chehata (#) 4900 SW 51st St., Davie, FL 33314 Administrative and Support Services Term Loan Prime plus 2.75% 48120 $ 338.5 $ 338.5 $ 284.5 0.08 %
NMFM Consulting, LLC (#) 3636 Lake Ave., Wilmette, IL 60091 Specialty Trade Contractors Term Loan Prime plus 2.75% 53599 $ 267.2 $ 267.2 $ 273.9 0.07 %
Creche N Crew, LLC (#) 3185 West Ward Rd., Dunkirk, MD 20754 Social Assistance Term Loan Prime plus 2.75% 53599 $ 257.3 $ 257.3 $ 285.9 0.08 %
Group Vertical, LLC dba Group Vertical (#) 678 Front Ave. Northwest, Grand Rapids, MI 49504 Nonstore Retailers Term Loan Prime plus 2.75% 48120 $ 179.6 $ 179.6 $ 151.0 0.04 %
SoCal Propane LLC (#) 220 N San Jacinto St, Hemet, CA 92543 Nonstore Retailers Term Loan Prime plus 2.75% 53599 $ 302.9 $ 302.9 $ 339.7 0.09 %
Norma Skin Care and SPA LLC (#) 3364 Coral Way, Miami, FL 33145 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 48120 $ 14.0 $ 14.0 $ 11.8 — %
Jafar and Jamal, Inc dba Foodland ; IMAD Corporation (#) 11 Highland Ave., Malden, MA 02148 Food and Beverage Stores Term Loan Prime plus 2.75% 48302 $ 13.0 $ 13.0 $ 11.6 — %
125
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Chris Landscaping Inc dba New England Tree Co. (#) 1139 Washington St., Stoughton, MA 02072 Administrative and Support Services Term Loan Prime plus 2.75% 48120 $ 79.0 $ 79.0 $ 69.0 0.02 %
Prestige Products of Central Florida, Inc dba Milcarsky's Appliances (#) 1180 Emma Oaks Trail, Lake Mary, FL 32746 Electronics and Appliance Stores Term Loan Prime plus 2.75% 48120 $ 250.0 $ 250.0 $ 210.1 0.06 %
Metro of Livernois Inc (#) 17149 Livernois, Detroit, MI 48221 Telecommunications Term Loan Prime plus 2.75% 53721 $ 136.0 $ 136.0 $ 148.5 0.04 %
Great II, LLC (#) 142 WA-150, Chelan, WA 98816 Specialty Trade Contractors Term Loan Prime plus 2.75% 48121 $ 1,037.5 $ 1,037.5 $ 883.2 0.24 %
WALKING URGENT CARE, INC (#) 10308 W Sample Rd, Coral Springs, FL 33065 Ambulatory Health Care Services Term Loan Prime plus 2.75% 48121 $ 65.4 $ 65.4 $ 57.2 0.02 %
Tony D's Hooked, LLC ( (#) 378 Rope Ferry Rd. aka Mago Point Way, Waterford, CT 06385 Food Services and Drinking Places Term Loan Prime plus 2.75% 53600 $ 135.0 $ 135.0 $ 139.8 0.04 %
Orchard Collision, Inc (#) 14898 Telegraph Rd., Redford, MI 48239 Repair and Maintenance Term Loan Prime plus 2.75% 53600 $ 61.0 $ 61.0 $ 63.7 0.02 %
New Greater Generation Family Funeral Group, LLC (#) 1400 N Hampton Rd, DeSoto, TX 75115 Personal and Laundry Services Term Loan Prime plus 2.75% 53600 $ 24.4 $ 24.4 $ 25.7 0.01 %
Faxon Enterprises Inc (#) 3107 Nichols Ave., Bay City, TX 78259 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 53600 $ 1,035.0 $ 1,035.0 $ 1,041.4 0.28 %
Centre Storage and Matthew Wayne Vines (#) 1650 Clarence E Chesnut Jr Bypass, Centre, AL 35960 Real Estate Term Loan Prime plus 2.75% 53600 $ 69.4 $ 69.4 $ 77.8 0.02 %
Great II, LLC (#) 4390 Commerce Circle, Idaho Falls, ID 83401 Specialty Trade Contractors Term Loan Prime plus 2.75% 53600 $ 212.5 $ 212.5 $ 236.2 0.06 %
Skaggs RV Outlet, LLC (#) 301 Commerce Dr., Elizabethtown, KY 42701 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 48121 $ 50.0 $ 50.0 $ 52.4 0.01 %
Motion Physical Medicine & Wellness, PLLC (#) 13100 Wortham Center Dr., Houston, TX 77065 Ambulatory Health Care Services Term Loan Prime plus 2.75% 48212 $ 14.4 $ 14.4 $ 12.3 — %
Champion's Florida LLC & Market Vision Holdings, LLC (#) 1360 NW 88th Ave., Doral, FL 33172 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 53600 $ 1,221.3 $ 1,221.3 $ 1,369.3 0.37 %
Lively's Collision, Center LLC (#) 5115 Jefferson Davis Hwy., North Augusta, SC 29841 Repair and Maintenance Term Loan Prime plus 2.75% 53600 $ 147.2 $ 147.2 $ 150.8 0.04 %
OSSA LLC (#) 300 Iberia St., Youngsville, LA 70503 Food Services and Drinking Places Term Loan Prime plus 2.75% 48121 $ 80.0 $ 80.0 $ 80.0 0.02 %
Timothy A Chapamn dba Tim's Auto Tech (#) 62 North Canal St., Oxford, NY 13830 Repair and Maintenance Term Loan Prime plus 2.75% 48121 $ 15.5 $ 15.5 $ 15.9 — %
Aitheras Aviation Group, LLC, a Florida Liimited Liability Company & A (#) 2301 N Marginal Rd., Cleveland, OH 44114 Air Transportation Term Loan Prime plus 2.75% 48121 $ 75.0 $ 75.0 $ 63.8 0.02 %
Garage Floor Coating of MN.com, LLC (#) 6701 W 23rd St, Minneapolis, MN 55426 Specialty Trade Contractors Term Loan Prime plus 2.75% 48121 $ 67.5 $ 67.5 $ 56.8 0.02 %
Coast 2 Coast Restoration LLC,Coast 2 Coast Real Estate LLC &Coast 2 (#) 3505 Veterans Memorial Hwy, Ronkonkoma, NY 11779 Construction of Buildings Term Loan Prime plus 2.75% 53600 $ 377.3 $ 377.3 $ 410.1 0.11 %
Total SBA Unguaranteed Accrual Investments $ 365,817.5 $ 365,817.5 $ 379,958.4 103.81 %
126
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

127
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

200 North 8th Street Associates LLC and Enchanted Acres Fa (*,#) 200 North 8th St., Reading, PA 19601 Food Manufacturing Term Loan 6.25% 5/4/2028 $ 95.5 $ 95.5 $ 69.0 0.02 %
3SIXO Motorsports LLC dba 3SIXO Motorsports Shop (*,#,^) 217 W Main St., Centralia, WA 98531 Motor Vehicle and Parts Dealers Term Loan 7.75% 1/6/2029 94.6 94.6 50.9 0.01 %
ABC Sandblasting, LLC (*,#,^) 14029 56th St. NW, Williston, ND 58801 Specialty Trade Contractors Term Loan Prime plus 0% 10/31/2029 204.8 204.8 56.0 0.02 %
Acton Hardware LLC and Mark Allgood & Jamie Allgood (*,#,^) 31814 Crown Valley Rd, Acton, CA 93510 Building Material and Garden Equipment and Supplies Dealers Term Loan 8% 3/24/2041 117.1 117.1 39.0 0.01 %
Advance Case Parts RE Holdings LLC and Advance Case Parts Inc (*,#) 12485-12489 NW 44th St., Coral Springs, FL 33071 Repair and Maintenance Term Loan 7.75% 3/31/2040 318.3 318.3 12.1 0.00 %
Albas Bar & Grill LLC (*,#,^) 221 Self Main St., Homer City, PA 15748 Food Services and Drinking Places Term Loan 6% 10/13/2042 43.9 43.9 7.7 0.00 %
Alive Design, LLC (*,#) 1906 NE 23 rd Ave., Cape Coral, FL 33909 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/13/2027 9.9 9.9 9.0 0.00 %
All About Kids and Families Medical Center, Inc. (*,#,^) 12086 FT Caroline Rd, Ste. 102,103,401,402,403, 501,502, Jacksonville, FL 32225 Ambulatory Health Care Services Term Loan 8.25% 1/13/2029 311.0 311.0 157.2 0.04 %
All Printing Solutions, Inc. dba Pryntcomm (*,#,^) 303 E. Sioux Ave., Pierre, SD 57501 Printing and Related Support Activities Term Loan 7.75% 6/27/2041 491.8 491.8 80.9 0.02 %
Allied Welding Inc. (*,#,^) 1820 N. Santa Fe Ave., Chillicothe, IL 61523 Fabricated Metal Product Manufacturing Term Loan 5.25% 12/15/2041 686.6 686.6 686.6 0.19 %
Amboy Group, LLC dba Tommy Moloney's (*,#) 1 Amboy Ave., Woodbridge, NJ 07095 Food Manufacturing Term Loan 7% 6/14/2024 1,458.1 1,458.1 1,458.1 0.40 %
Anderson Companies LLC (*,#,^) 3015 S White Horse Pike, Hammonton, NJ 08037 Administrative and Support Services Term Loan Prime plus 0% 6/28/2044 201.8 201.8 193.5 0.05 %
Anglin Cultured Stone Products LLC (*,#,^) 877 Salem Church Rd., Newark, DE 19702 Construction of Buildings Term Loan 8.25% 12/27/2042 630.5 630.5 181.5 0.05 %
Anglin Cultured Stone Products LLC dba Anglin Construction (*,#) 877 Salem Church Rd., Newark, DE 19702 Specialty Trade Contractors Term Loan 8.25% 6/30/2025 185.8 185.8 153.5 0.04 %
Anurag, LLC dba Oakwood Package Store (*,#,^) 191-195 Oakwood Ave., West Hartford, CT 06107 Food and Beverage Stores Term Loan Prime plus 0% 6/6/2043 132.7 132.7 90.4 0.02 %
Arclay ,LLC (*,#,^) 49 Geyser Rd. Suite 100, Saratoga Springs, NY 12866 Nonmetallic Mineral Product Manufacturing Term Loan 8% 5/5/2030 137.1 137.1 37.3 0.01 %
Arrow Freight Inc (*,#,^) 1000 Jorie Blvd. Suite 250, Oak Brook, IL 60523 Truck Transportation Term Loan 8.25% 3/30/2028 652.9 652.9 — 0.00 %
Auto Shine Carwash Inc and AKM R. Hossain and Jessica F. Masud (*,#) 2646 South Rd., Poughkeepsie, NY 12601 Gasoline Stations Term Loan 7.75% 9/26/2024 15.7 15.7 15.3 0.00 %
AWA Fabrication & Construction, L.L.C. (*,#) 811 Country Rd. #99, Headland, AL 36345 Fabricated Metal Product Manufacturing Term Loan 6% 4/30/2025 34.4 34.4 1.3 0.00 %
B&B Fitness and Barbell, Inc. dba Elevations Health Club (*,#) Route 611 North, Scotrun, PA 18355 Amusement, Gambling, and Recreation Industries Term Loan 6% 6/22/2035 1,385.8 1,385.8 183.9 0.05 %
128
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

B for Brunette dba Blo (*,#,^) 50 Glen Cove Rd, Greenvale, NY 11548 Personal and Laundry Services Term Loan 6% 9/10/2023 20.5 20.5 19.8 0.01 %
B for Blonde, LLC dba Blo Blow Dry Bar (*,#,^) 142 East 49th St., New York, NY 10017 Personal and Laundry Services Term Loan 6% 2/12/2026 39.7 39.7 38.5 0.01 %
D for Dream LLC dba Blo Blow Dry Bar Inc (*,#,^) 460 East 3rd Ave., New York, NY 10016 Personal and Laundry Services Term Loan 6% 5/13/2029 66.7 66.7 31.9 0.01 %
B4 Fitness LLC dba The Zoo Health Club (*,#,^) 4 Beehive Dr, Epping, NH 03042 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 9/23/2026 13.0 13.0 9.7 0.00 %
Baker Sales, Inc. d/b/a Baker Sales, Inc. (*,#) 60207 Camp Villere Rd., Slidell, LA 70460 Nonstore Retailers Term Loan 6% 3/29/2036 177.4 177.4 90.4 0.02 %
Band Sawn Lumber,LLC and Nathan Ryan Adams (*,#,^) 1873 State Hwy. 29, Johnstown, NY 12095 Wood Product Manufacturing Term Loan 7.75% 5/15/2042 90.0 90.0 25.4 0.01 %
BC Bishop Enterprises LLC dba 9Round Pooler (*,#,^) 105-107 Grand Central Blvd, Pooler, GA 31322 Educational Services Term Loan Prime plus 2.75% 3/2/2028 6.3 6.3 6.1 0.00 %
B&C Texas Leasing Inc and M&W Hot Oil, Inc. (*,#,^) 8124 Sprague Rd., Odessa, TX 73764 Support Activities for Mining Term Loan Prime plus 2.75% 3/30/2028 748.3 748.3 717.6 0.20 %
B&C Texas Leasing Inc.,M & W Hot Oill, Inc (*,#,^) 8124 Sprague Rd., Odessa, TX 79764 Support Activities for Mining Term Loan Prime plus 2.75% 3/30/2043 256.1 256.1 245.6 0.07 %
Bear Creek Entertainment LLC dba The Woods at Bear Creek (*,#,^) 3510 Bear Creek Rd., Franklinville, NY 14737 Accommodation Term Loan Prime plus 2.75% 8/12/2041 1,608.1 1,608.1 321.2 0.09 %
Bear Creek Entertainment, LLC dba The Woods at Bear Creek (*,#) 3510 Bear Creek Rd., Franklinville, NY 14737 Accommodation Term Loan 7.25% 12/30/2024 85.4 85.4 81.9 0.02 %
Bebos Inc dba Pizza Hut & Sunoco (*,#) 2003 West 5th St., Clifton, TX 76634 Gasoline Stations Term Loan 7.75% 3/28/2028 126.6 126.6 18.2 0.00 %
Bev's Sweets LLC (*,#,^) 3778 Hwy. 254, Cleveland, GA 30528 Administrative and Support Services Term Loan 6% 9/30/2044 210.5 210.5 176.2 0.05 %
Big Picture Group LLC (*,#,^) 935 N La Jolla, Los Angeles, CA 90046 Professional, Scientific, and Technical Services Term Loan Prime plus 0% 12/12/2027 295.4 295.4 289.3 0.08 %
Big Picture Group LLC (*,#,^) 935 N La Jolla, Los Angeles, CA 90046 Professional, Scientific, and Technical Services Term Loan Prime plus 0% 6/28/2029 135.5 135.5 132.7 0.04 %
Bone Bar & Grill LLC (*,#) 3547 &3551 Philipsburg Bigler Hwy, West Decatur, PA 16878 Food Services and Drinking Places Term Loan 7% 6/30/2042 73.4 73.4 36.3 0.01 %
Bowl Mor, LLC dba Bowl Mor Lanes / Spare Lounge, Inc. (*,#) 201 Highland Ave, East Syracuse, NY 13057 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 3/13/2039 201.2 201.2 194.9 0.05 %
Brandywine Picnic Park, Inc. and B.Ross Capps & Linda Capps (*,#) 690 South Creek Rd., West Chester, PA 19382 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 3/30/2031 145.7 145.7 134.3 0.04 %
Calhoun Satellite Communications, Inc. (*,#) 1914 Tigertail Blvd., Dania Beach, FL 33004 Telecommunications Term Loan 7% 12/2/2026 333.8 333.8 237.0 0.06 %
Capital Containers LLC (*,#,^) 7610 Auburn Blvd #4B, Citrus Heights, CA 95610 Truck Transportation Term Loan Prime plus 0% 12/15/2027 10.4 10.4 10.2 0.00 %
Capstone Pediatrics PLLC and Capstone Healthcare Consulting LLC (*,#) 310 25th Ave N. St. Ste. 201, Nashville, TN 37203 Ambulatory Health Care Services Term Loan 7.75% 5/15/2025 556.4 556.4 55.2 0.02 %
129
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Carl R. Bieber, Inc. dba Bieber Tourways/Bieber Transportation/Bieber (*,#) 320 Fair St., Kutztown, PA 19530 Transit and Ground Passenger Transportation Term Loan 7.5% 9/30/2027 366.2 366.2 149.2 0.04 %
Central Medical Clinic, PLLC- Clinica Central (*,#) 393 North Dunlap St. Suite LL26, LL34, LL38, St Paul, MN 55104 Ambulatory Health Care Services Term Loan 8.25% 6/7/2029 46.6 46.6 46.1 0.01 %
Chickamauga Properties, Inc., MSW Enterprises, LLP (*,#) 214 Sutherland Way, Rocky Face, GA 30740 Amusement, Gambling, and Recreation Industries Term Loan 6.25% 12/22/2035 59.0 59.0 57.2 0.02 %
Children First Home Health Care Inc (*,#,^) 1220 BRd.casting Rd Ste 202, Wyomissing, PA 19610 Ambulatory Health Care Services Term Loan 7.5% 12/27/2028 282.4 282.4 44.0 0.01 %
Clark Realty LLC (*,#,^) 4 Walker Way, Albany, NY 12205 Real Estate Term Loan 8% 8/29/2041 73.3 73.3 30.2 0.01 %
Cleland Pharmacy LLC (*,#,^) 202 S First St., Wakeeney, KS 67672 Health and Personal Care Stores Term Loan Prime plus 0% 3/28/2029 18.9 18.9 18.2 0.00 %
Royal Blue Investments, Inc. and Cleland Pharmacy LLC (*,#,^) 202 S. 1st St., Wakeeny, KS 67672 Health and Personal Care Stores Term Loan Prime plus 0% 7/31/2042 49.5 49.5 36.9 0.01 %
Colts V LLC and Nowatzke Service Center, Inc dba Nowatzke Truck & Trai (*,#) 6900 Whitmore Lake Rd, Whitmore Lake, MI 48189 Repair and Maintenance Term Loan 6.75% 9/26/2039 553.3 553.3 430.1 0.12 %
Commonwealth Diagnostics International, Inc (*,#,^) 39 Norman St. a/k/a 1 Holyoke Square, Salem, MA 01970 Professional, Scientific, and Technical Services Term Loan Prime plus 0% 9/20/2027 982.5 982.5 942.2 0.26 %
Conference Services International ETC LLC (*,#,^) 4802 West Van Buren St., Phoenix, AZ 85007 Administrative and Support Services Term Loan 8% 8/14/2028 559.5 559.5 59.0 0.02 %
Crystal D. Walls dba Crystal's Cleaning Service (*,#) 26 Cooper Rd, Byhalia, MS 38611 Administrative and Support Services Term Loan Prime plus 0% 5/9/2029 8.9 8.9 — 0.00 %
Custom Software, Inc. a Colorado Corporation dba M-33 Access (*,#) 380 E. Borden Rd., Rose City, MI 48654 Professional, Scientific, and Technical Services Term Loan 6.25% 6/17/2021 185.4 185.4 94.5 0.03 %
CZAR Industries, Inc. (*,#,^) 1424 Heath Ave., Ewing, NJ 08638 Machinery Manufacturing Term Loan 8.25% 12/19/2027 141.3 141.3 54.1 0.01 %
D&G Capital LLC dba Miami Grill 277 (*,#,^) 2521 North Federal Hwy., Unit C, Boca Raton, FL 33431 Food Services and Drinking Places Term Loan 6.5% 12/16/2025 43.0 43.0 12.0 0.00 %
Destination Hope, Inc, TrilogyTreatment & Wellness Center, Inc, The Ac (*,#) 6555 NW 9th Ave, Fort Lauderdale, FL 33309 Ambulatory Health Care Services Term Loan Prime plus 0% 12/30/2029 37.9 37.9 37.5 0.01 %
Dixie Transport, Inc. & Johnny D. Brown & Jimmy Brown & Maudain Brown (*,#,^) 2685 US Hwy 41, Calhoun, GA 30701 Support Activities for Transportation Term Loan 5.25% 12/28/2035 1,316.8 1,316.8 558.5 0.15 %
Doxa Deo Inc dba Luv 2 Play (*,#,^) 1600 Village Market Blvd, Leesburg, VA 20175 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 2/28/2026 80.8 80.8 78.3 0.02 %
Driven Warehouse/Distribution LLC (*,#) 271 East North Ave., Glendale, IL 60139 Truck Transportation Term Loan 8% 12/22/2027 726.2 726.2 325.6 0.09 %
Dynamic Dental Corporation (*,#,^) 3760 NW 126th Ave., Coral Springs, FL 33065 Merchant Wholesalers, Durable Goods Term Loan 7.5% 5/31/2029 60.4 60.4 55.4 0.02 %
E & I Holdings, LP & PA Farm Products, LLC (*,#) 1095 Mt Airy Rd., Stevens, PA 17578 Food Manufacturing Term Loan 6% 4/30/2030 4,705.2 4,705.2 3,146.1 0.86 %
130
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Eagle Aggregate Transportation, LLC and Eagle Pneumatic Transport LLC (*,#,^) 4401 N I-35 #113, Denton, TX 76207 Truck Transportation Term Loan Prime plus 0% 3/31/2024 155.7 155.7 23.1 0.01 %
Earth First Recycling, LLC and 191 Clark Road, LLC (*,#,^) 400 Island Park Rd., Easton, PA 18040 Merchant Wholesalers, Durable Goods Term Loan 8% 6/5/2027 338.0 338.0 312.1 0.09 %
Elegant Fireplace Mantels, Inc. dba Elegant Fireplace Mantels (*,#,^) 11949 Borden Ave., San Fernando, CA 91340 Specialty Trade Contractors Term Loan 8.25% 12/31/2022 43.9 43.9 43.0 0.01 %
Ericon, Inc. (*,#,^) 740 Davenport Ave., Fremont, NE 68025 Gasoline Stations Term Loan 8.25% 12/1/2041 705.6 705.6 565.3 0.15 %
ERT Group Inc and Curt's Tools Inspection Inc (*,#,^) 5229 142nd Dr. NW, Williston, ND 58801 Support Activities for Mining Term Loan 6% 3/18/2041 769.9 769.9 505.4 0.14 %
Evergreen Pallet LLC and Evergreen Recycle LLC (*,#,^) 302 W 53rd St N., Wichita, KS 67204 Wood Product Manufacturing Term Loan 7.25% 3/16/2026 854.0 854.0 301.9 0.08 %
Magill Truck Line LLC and Jeff J. Ralls (*,#,^) 211 West 53rd St. N., Park City, KS 67204 Truck Transportation Term Loan 7.25% 2/23/2026 178.4 178.4 37.8 0.01 %
Evernook Valley Milk LLC (*,#,^) 7448 Emmerson Rd., Everson, WA 98247 Animal Production and Aquaculture Term Loan 7.5% 8/31/2042 637.5 637.5 442.5 0.12 %
Excel RP Inc (*,#,^) 6531 Park Ave., Allen Park, MI 48101 Machinery Manufacturing Term Loan 8.25% 8/30/2023 66.8 66.8 65.4 0.02 %
Excel RP Inc (*,#,^) 6531 Park Ave., Allen Park, MI 48101 Machinery Manufacturing Term Loan 8.25% 3/25/2026 95.2 95.2 24.1 0.01 %
Excel RP, Inc./Kevin and Joann Foley (*,#) 6531 Park Ave., Allen Park, MI 48101 Machinery Manufacturing Term Loan 8.25% 7/8/2028 32.4 32.4 31.8 0.01 %
Florida Apnea Diagnostics LLC (*,#,^) 2664 Cypress Ridge Blvd. Ste. 101 & 102 A, Wesley Chapel, FL 33544 Ambulatory Health Care Services Term Loan 8.25% 10/20/2027 134.2 134.2 34.4 0.01 %
Frontier Sand LLC (*,#,^) 305 Country Hwy. AA, New Auburn, WI 54757 Mining (except Oil and Gas) Term Loan 8.25% 11/30/2027 463.6 463.6 238.7 0.07 %
GDIM Enterprises Inc dba AAMCO (*,#) 1657 Whiskey Rd., Aiken, SC 29803 Repair and Maintenance Term Loan Prime plus 0% 12/19/2029 18.1 18.1 9.2 0.00 %
GEM2K, LLC dba Precision Precast Group (*,#,^) 4150 E Magnolia St., Phoenix, AZ 85034 Miscellaneous Manufacturing Term Loan 8.25% 5/19/2027 140.4 140.4 64.6 0.02 %
Grand Manor Realty, Inc. & Kevin LaRoe (*,#) 318 S. Halsted St., Chicago, IL 60661 Real Estate Term Loan 6% 2/20/2023 19.0 19.0 18.4 0.01 %
GT Performance Plus Inc (*,#,^) 4210 College St., Beaumont, TX 77707 Motor Vehicle and Parts Dealers Term Loan Prime plus 0% 6/11/2044 96.3 96.3 71.0 0.02 %
GT Performance Plus Inc (*,#,^) 4210 College St., Beaumont, TX 77707 Motor Vehicle and Parts Dealers Term Loan Prime plus 0% 6/11/2029 66.8 66.8 64.1 0.02 %
H.M.C, Incorporated (*,#,^) 7190 Oakland Mills Rd Suite 10, Columbia, MD 21046 Furniture and Related Product Manufacturing Term Loan 8.25% 7/3/2028 183.8 183.8 180.0 0.05 %
Hackensack Steel Corporation and Luzerne Ironworks Inc (*,#,^) 300 Sly St., Swoyersville, PA 18709 Specialty Trade Contractors Term Loan 6% 11/10/2026 170.1 170.1 164.9 0.05 %
Hackstaff Restaurants LLC (*,#,^) 248 W 1st. St. Ste 201, Reno, NV 89501 Food Services and Drinking Places Term Loan Prime plus 0% 7/15/2029 137.6 137.6 63.0 0.02 %
131
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Hana Pastries Enterprises LLC dba Hana Kitchens, Hana Pastries, Inc. d (*,#,^) 34 35th St., Brooklyn, NY 11232 Food Manufacturing Term Loan 6% 12/14/2027 77.2 77.2 28.2 0.01 %
HDD Solutions, LLC (*,#) 6550 Progress Pkwy., Cedar Hill, MO 63016 Heavy and Civil Engineering Construction Term Loan 8.25% 12/31/2028 552.8 552.8 372.4 0.10 %
HG Ventures, Inc. dba Diamond Head Trucking (*,#,^) 100 Phoenix Dr., Finleyville, PA 15332 Truck Transportation Term Loan 7.5% 6/29/2030 794.6 794.6 91.1 0.02 %
Humd, LLC dba La Rosa Chicken and Grill (*,#) 3111 N. University Dr., Coral Springs, FL 33065 Food Services and Drinking Places Term Loan Prime plus 0% 1/31/2030 124.6 124.6 122.0 0.03 %
IHC Hardware Inc. (*,#,^) 614 BRd. St., Story City, IA 50248 Building Material and Garden Equipment and Supplies Dealers Term Loan 6% 12/6/2042 95.7 95.7 60.3 0.02 %
Insight Vision Care, PC, CRMOD Lubbock, P.C.,Vielm Vision Eyecare Inc (*,#,^) 4899 Griggs Rd., Houston, TX 77021 Ambulatory Health Care Services Term Loan 7.75% 12/27/2043 967.7 967.7 239.7 0.07 %
Iredell Oral & Facial Surgery, P.C. dba Johnson Oral Surgery (*,#,^) 229 Medical Park Rd., Suite 310, Mooresville, NC 28117 Ambulatory Health Care Services Term Loan Prime plus 0% 3/29/2044 820.8 820.8 651.9 0.18 %
J&K Fitness, LLC dba Physiques Womens Fitness Center (*,#) 2505 Verot School Rd., Lafayette, LA 70508 Amusement, Gambling, and Recreation Industries Term Loan 8% 6/8/2036 14.6 14.6 14.5 0.00 %
J Olson Enterprises LLC and Olson Trucking Direct, Inc. (*,#) 311 Ryan St, Holmen, WI 54636 Truck Transportation Term Loan 6% 6/28/2025 592.6 592.6 28.4 0.01 %
J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value (*,#,^) 640 Dubois St., Du Bois, PA 15801 Building Material and Garden Equipment and Supplies Dealers Term Loan 6% 11/10/2026 33.1 33.1 32.4 0.01 %
J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value (*,#,^) 640 Dubois St., Dubois, PA 15801 Building Material and Garden Equipment and Supplies Dealers Term Loan 6% 11/10/2041 426.4 426.4 417.6 0.11 %
Jay Carlton's, LLC dba Jay Birds Rotisserie & Grill (*,#,^) 24480 W 10 Mile RD, Southfield, MI 48033 Food Services and Drinking Places Term Loan 6% 1/4/2029 34.8 34.8 25.5 0.01 %
JMD Aviation Holdings, LLC (*,#,^) 8050 North West 90th St., Medley, FL 33166 Rental and Leasing Services Term Loan Prime plus 0% 12/15/2027 397.5 397.5 389.3 0.11 %
Kantz LLC and Kantz Auto LLC dba Kantz's Hometown Auto (*,#) 200 West Adams St, Cochranton, PA 16314 Motor Vehicle and Parts Dealers Term Loan 6.25% 10/29/2039 11.1 11.1 3.1 0.00 %
Kids at Heart,LLC dba Monster Mini Golf (*,#,^) 10 Newbury St., Danvers, MA 01923 Amusement, Gambling, and Recreation Industries Term Loan 6.75% 9/22/2026 18.1 18.1 16.5 0.00 %
Kidtastic LLC dba The Little Gym of Audubon (*,#,^) 2850 Audubon Dr., Audubon, PA 19403 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 7/27/2026 44.9 44.9 43.9 0.01 %
KR Calvert & Co, LLC (*,#,^) 1620 Westgate Circle Suite 100, Brentwood, TN 37027 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 12/14/2027 393.7 393.7 302.4 0.08 %
Kostekos Inc dba New York Style Pizza (*,#) 10 South King St., Gloucester, NJ 08030 Food Services and Drinking Places Term Loan 8% 2/6/2040 61.9 61.9 27.8 0.01 %
LAN Doctors Inc (*,#) 14 Pierson Court, Mahwah, NJ 07430 Professional, Scientific, and Technical Services Term Loan 8.25% 8/28/2025 56.7 56.7 55.6 0.02 %
LAN Doctors Inc (*,#,^) 14 Pierson Court, Mahwah, NJ 07430 Professional, Scientific, and Technical Services Term Loan 8.25% 3/16/2026 43.4 43.4 42.5 0.01 %
132
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Legacy Roof Contractors LLC (*,#,^) 32091 Broken Branch Circle, Spanish Fort, AL 36527 Specialty Trade Contractors Term Loan 6% 2/28/2044 294.0 294.0 195.9 0.05 %
Linqserv Inc. (*,#,^) 1555 Lyell Ave., Rochester, NY 14606 Transit and Ground Passenger Transportation Term Loan 7.5% 11/9/2027 261.2 261.2 22.2 0.01 %
Luv 2 Play Nor Cal, LLC dba Luv 2 Play (*,#,^) 82 Clarksville Rd., Folsom, CA 95630 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 0% 9/27/2026 34.4 34.4 33.7 0.01 %
Luv 2 Play Nor Cal, LLC (*,#,^) 82 Clarksville Rd., Folsom, CA 95682 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 0% 9/25/2029 101.8 101.8 58.5 0.02 %
Luv 2 Play Temecula, LLC (*,#,^) 26469 Ynez Rd., Temecula, CA 92591 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 0% 8/15/2026 36.8 36.8 36.1 0.01 %
Malhame & Company Publishers & Importers Inc. (*,#,^) 180 Orville Rd., Bohemia, NY 11780 Merchant Wholesalers, Durable Goods Term Loan Prime plus 0% 6/29/2027 67.8 67.8 65.0 0.02 %
Mariam Diner Inc dba Country Kitchen Restaurant (*,#,^) 17393 Main St., Hesperia, CA 92345 Food Services and Drinking Places Term Loan 8% 3/18/2026 42.8 42.8 12.3 0.00 %
Marlin Lighting LLC (*,#,^) 7207 B Lockport Pl, Lorton, VA 22079 Specialty Trade Contractors Term Loan 6% 12/19/2028 80.2 80.2 79.4 0.02 %
Matchless Transportation LLC dba First Class Limo (*,#) 31525 Aurora Rd. # 5, Solon, OH 44139 Transit and Ground Passenger Transportation Term Loan 6.25% 5/31/2020 119.2 119.2 29.2 0.01 %
MB Xpress Inc (*,#,^) 159 D'Arcy Pkwy., Lathrop, CA 95330 Truck Transportation Term Loan 8.25% 9/19/2028 1,035.1 1,035.1 — 0.00 %
Medeiros Holdings Inc dba Outdoor Lighting Perspectives of the Triad (*,#,^) 780 S Peace Haven Rd., Winston Salem, NC 27103 Electrical Equipment, Appliance, and Component Manufacturing Term Loan 7% 11/25/2025 10.5 10.5 6.6 0.00 %
MIT LLC (*,#,^) 11 North Peach ST., Medford, OR 97504 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 3/31/2042 84.9 84.9 69.0 0.02 %
Mojo Brands Media, LLC (*,#) 3260 University Blvd., Suite 100, Winter Park, FL 32792 Broadcasting (except Internet) Term Loan 6% 8/28/2023 725.0 725.0 112.9 0.03 %
Morris Glass and Construction Inc (*,#) 40058 Hwy. 30, Astoria, OR 97103 Specialty Trade Contractors Term Loan 15% 10/1/2023 330.3 330.3 156.0 0.04 %
Murf & Sons LLC (*,#,^) 3821 Pleasant Hill Rd., Store #B-107, Kissimmee, FL 34746 Food Services and Drinking Places Term Loan 6% 11/16/2027 44.9 44.9 44.0 0.01 %
N Transport LLC (*,#,^) 5348 W Brown Ave., Fresno, CA 93722 Truck Transportation Term Loan 8% 11/20/2027 365.8 365.8 33.2 0.01 %
N Transport LLC (*,#,^) 294 N. Fruit Ave., Fresno, CA 93706 Truck Transportation Term Loan 8.25% 11/20/2042 31.1 31.1 30.8 0.01 %
Olsen Bros. Transportation, Inc. & Golden Spike Leasing, LLC (*,#,^) 2520 Pennsylvania Ave., Ogden, UT 84401 Truck Transportation Term Loan 8.25% 6/20/2028 513.2 513.2 38.7 0.01 %
Panther Ironworks and Rigging Solutions LLC (*,#,^) 1028 Washburn Switch Rd., Shelby, NC 28150 Specialty Trade Contractors Term Loan 6% 11/10/2026 112.7 112.7 86.5 0.02 %
Paragon Fabricators Inc, Paragon Field Services, Inc and Paragon Globa (*,#) 412 and 500 Main St., La Marque, TX 77568 Heavy and Civil Engineering Construction Term Loan 7% 9/28/2026 570.6 570.6 3.0 0.00 %
Paragon Global, LLC and Paragon Fabricators Inc and Paragon Field Serv (*,#,^) 412 and 500 Main St., La Marque, TX 77568 Heavy and Civil Engineering Construction Term Loan 7% 9/28/2041 110.1 110.1 37.2 0.01 %
Peter K Lee MD, PC dba Atlanta Primary Care (*,#,^) 211 Roberson Mill Rd., Milledgeville, GA 31061 Ambulatory Health Care Services Term Loan 8.25% 9/13/2043 859.6 859.6 805.5 0.22 %
133
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Peter K Lee MD, PC dba Atlanta Primary Care LLC (*,#,^) 5 Ashford Way, Hawkinsville, GA 31061 Ambulatory Health Care Services Term Loan 8.25% 9/13/2028 381.0 381.0 369.3 0.10 %
Picon Motors LLC dba The New Young's Motors (*,#,^) 199-211 Central Ave., Orange, NJ 07080 Motor Vehicle and Parts Dealers Term Loan 6% 6/12/2029 213.8 213.8 107.0 0.03 %
Play4Fun dba Luv 2 Play (*,#,^) 13722 Jamboree Rd., Irvine, CA 92602 Amusement, Gambling, and Recreation Industries Term Loan 7.5% 3/7/2028 148.1 148.1 146.6 0.04 %
PLES Investements, LLC and John Redder, Pappy Sand & Gravel, Inc., T (*,#,^) 2040 Dowdy Ferry, Dallas, TX 75218 Specialty Trade Contractors Term Loan 8.25% 12/19/2038 425.6 425.6 416.8 0.11 %
Top Cat Ready Mix, LLC, Ples Investments LLC, and Pappy's Sand and (*,#,^) 13851 S State HWY 34, Scurry, TX 75158 Specialty Trade Contractors Term Loan 8.25% 10/28/2025 435.4 435.4 280.9 0.08 %
The Alba Financial Group, Inc. (*,#,^) 1420 Spring Hill Rd., McLain, VA 22102 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan 6% 3/10/2021 0.1 0.1 0.1 0.00 %
Prestige Construction of Florida, LLC (*,#,^) 1404 Yorktown St. Suite E, Deland, FL 34944 Construction of Buildings Term Loan 6% 5/23/2042 302.7 302.7 271.0 0.07 %
Providence Management Environmental, LLC, Tindol Energy Group, LLC (*,#,^) 6570 W Hwy. 67, Cleburne, TX 76033 Waste Management and Remediation Services Term Loan 6% 6/19/2029 70.0 70.0 68.6 0.02 %
Ramjay Inc. (*,#,^) 85 S. Bragg St. Suite 303, Alexandria, VA 22312 Transit and Ground Passenger Transportation Term Loan 8.25% 1/13/2027 323.9 323.9 5.0 0.00 %
Recovery Boot Camp, LLC, Rule 62, Inc. and Healing Properties, LLC (*,#,^) 85 SW 5th Ave, Delray Beach, FL 33444 Ambulatory Health Care Services Term Loan 7.75% 12/28/2028 107.1 107.1 9.0 0.00 %
RG Productions LLC (*,#,^) 2414 W Battlefield Suite H, Springfield, MO 65807 Rental and Leasing Services Term Loan 6% 3/28/2029 102.5 102.5 13.2 0.00 %
Robert F. Johnson, Jr., dba R. Johnson Craftsmanship (*,#) 346 Spring Garden Rd., Milford, NJ 08848 Specialty Trade Contractors Term Loan Prime plus 0% 12/4/2030 10.0 10.0 — 0.00 %
Rich's Food Stores LLC dba Hwy 55 of Wallace (*,#,^) 611 East Southerland St., Wallace, NC 28466 Food Services and Drinking Places Term Loan 8.25% 9/14/2026 99.3 99.3 24.9 0.01 %
Route 130 SCPI Holdings LLC (EPC) Route 130 SCPI Operations LLC (OC) d (*,#) 423-429 Route 156, Trenton, NJ 08620 Food Services and Drinking Places Term Loan 6.25% 9/30/2039 279.5 279.5 34.3 0.01 %
RWBB LLC (*,#,^) 4120 7th Ave, Kenosha, WI 53140 Food Services and Drinking Places Term Loan Prime plus 0% 6/26/2044 74.3 74.3 59.0 0.02 %
RWBB LLC (*,#) 4120 7th Ave., Kenosha, WI 53140 Food Services and Drinking Places Term Loan Prime plus 0% 12/19/2029 15.2 15.2 14.6 0.00 %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC (*,#,^) 726-740 South Fleming St., Sebastian, FL 32958 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 11/23/2040 738.3 738.3 650.9 0.18 %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC (*,#,^) 726-740 South Fleming St., Sebastian, FL 32958 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 0% 12/24/2041 492.0 492.0 476.8 0.13 %
Sanabi Investment, LLC dba Oscar's Moving and Storage (*,#,^) 11421 N W 107th St., #13, Miami, FL 33178 Truck Transportation Term Loan 7.5% 6/20/2027 83.4 83.4 10.8 0.00 %
Sandlot Ventures LLC and Sandbox Ventures LLC (*,#,^) 1857A Elmdale Ave, Glenview, IL 60025 Amusement, Gambling, and Recreation Industries Term Loan 6% 9/25/2040 88.1 88.1 62.9 0.02 %
134
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Select Propane & Fuel Inc. and Select Fuel & Convenience LLC (*,#) 3822 State Route 3, Red Bud, IL 62278 Merchant Wholesalers, Nondurable Goods Term Loan 7.5% 2/10/2030 522.6 522.6 26.2 0.01 %
Shining Star Kids, Inc. dba Brain Balance (*,#,^) 17323 Ventura Blvd, Encino, CA 91316 Educational Services Term Loan Prime plus 0% 1/7/2029 77.2 77.2 76.4 0.02 %
Space Express, LLC (*,#,^) 2775 Burris Rd., Davie, FL 33314 Truck Transportation Term Loan 6% 3/12/2029 123.5 123.5 42.4 0.01 %
Sovereign Communications LLC (*,#) 26 E 3 Mile Rd,, Sault Sainte Marie, MI 49783 Broadcasting (except Internet) Term Loan 6.75% 2/7/2024 627.4 627.4 112.2 0.03 %
Specialty Surgery Center, Inc. (*,#,^) 5505 Peachtree Dunwoody Rd. Suites 640,645, Atlanta, GA 30342 Ambulatory Health Care Services Term Loan 6% 6/28/2029 1,007.9 1,007.9 143.6 0.04 %
StillBasi Holdings, Inc. dba Buxton Auto Transport (*,#,^) 9371 Jackson Rd, Sacramento, CA 95826 Truck Transportation Term Loan 6% 3/29/2029 267.0 267.0 225.6 0.06 %
Suncrest Stone Products LLC (*,#,^) 341 County Farm Rd., Ashburn, GA 31714 Nonmetallic Mineral Product Manufacturing Term Loan 7.25% 8/29/2041 493.3 493.3 67.3 0.02 %
Suncrest Stone Products LLC (*,#,^) 341 County Farm Rd., Ashburn, GA 31714 Nonmetallic Mineral Product Manufacturing Term Loan 7.5% 8/29/2026 531.9 531.9 101.6 0.03 %
T and B Boots Inc dba Takken's Shoes (*,#) 72 South Main St., Templeton, CA 93465 Clothing and Clothing Accessories Stores Term Loan 7.25% 12/7/2026 380.7 380.7 317.0 0.09 %
Tarver-Henley Inc. and Tar-Hen LLC (*,#,^) 2125 College Ave., Jackson, AL 36545 Building Material and Garden Equipment and Supplies Dealers Term Loan 7.75% 6/21/2042 97.8 97.8 39.8 0.01 %
The Lake Shore Hospitality Inc dba Dowagiac Baymont Inn & Suites (*,#,^) 29291 Amerihost Dr., Dowagiac, MI 49047 Accommodation Term Loan 8.25% 12/5/2041 335.1 335.1 328.2 0.09 %
US Shipping Trans Inc, Esteem Trucking Inc (*,#,^) 16102 Sweetwater Court, Lathrop, CA 95330 Truck Transportation Term Loan Prime plus 0% 9/26/2028 614.4 614.4 562.9 0.15 %
Webb Eye Associates, PA (*,#,^) 1720 S W W White Rd., San Antonio, TX 78220 Ambulatory Health Care Services Term Loan 7.25% 7/19/2027 71.2 71.2 54.4 0.01 %
White Hawk Inc. (*,#,^) 2101 Dr. Martin Luther King Jr. Blvd, Stockton, CA 95205 Truck Transportation Term Loan 8.25% 12/15/2026 917.5 917.5 54.9 0.01 %
Wilban LLC (*,#,^) 454 US Hwy. 22, Whitehouse Station, NJ 08889 Food Services and Drinking Places Term Loan 7.5% 3/11/2026 19.2 19.2 18.6 0.01 %
Wilban LLC (*,#) 454 US Hwy. 22, Whitehouse Station, NJ 08889 Food Services and Drinking Places Term Loan 7.25% 3/28/2039 238.6 238.6 79.9 0.02 %
LA Diner Inc dba Loukas L A Diner (*,#) 3205 Route 22 East, Branchburg, NJ 08876 Food Services and Drinking Places Term Loan 7.25% 9/28/2037 92.8 92.8 63.3 0.02 %
Xela Pack, Inc. and Aliseo and Catherine Gentile (*,#,^) 8300 Boettner Rd., Saline, MI 48176 Paper Manufacturing Term Loan Prime plus 0% 3/27/2028 166.2 166.2 159.4 0.04 %
Zeeba Company, Inc dba Zeeba Rent-A-Van & 5 Star Rent- A-Van (*,#,^) 3200 Wilshire Blvd Ste 1000, Los Angeles, CA 90010 Transit and Ground Passenger Transportation Term Loan 7.75% 9/27/2028 376.5 376.5 343.0 0.09 %
Zahmel Restaurant Suppliers Corp dba Cash & Carry;Zahners Hardware;Zan (*,#,^) 33-51 11th St., Astoria, NY 11106 Merchant Wholesalers, Nondurable Goods Term Loan 8.25% 4/28/2027 75.8 75.8 71.9 0.02 %
135
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Total Unguaranteed Non-Accrual SBA Investments 50,834.2 50,834.2 $ 26,622.5 7.27 %
Total Unguaranteed SBA Investments $ 416,651.7 $ 416,651.7 $ 406,580.9 111.08 %

136
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)

The Hall at the Yard 1412 Alden Rd., Orlando, FL 32803 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/2/2031 $ 2,041.0 $ 2,041.0 $ 2,300.2 0.63 %
Little Angels Daycare 4551 Summit Blvd, West Palm Beach, FL 33415 Social Assistance Term Loan Prime plus 2.75% 10/3/2046 171.2 171.2 196.4 0.05 %
Clean Energyz LLC 881 Alma Real Dr. Suite T-16, Pacific Palisades, CA 90272 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/11/2031 165.0 165.0 186.0 0.05 %
Woodzzy LLC 1133 Clarkson Ave., Brooklyn, NY 11212 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/19/2046 1,617.4 1,617.4 1,822.7 0.50 %
899 Toscanini LLC 899 Main St., Cambridge, MA 02139 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/9/2031 146.8 146.8 165.4 0.05 %
Five Rivers 1938 Enterprise Inc. 3032 W Jack London Blvd., Livermore, CA 94551 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/28/2032 46.8 46.8 52.7 0.01 %
Kamboj Investments Inc. dba Chicago's Pizza 1156 South Main St., Manteca, CA 95337 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/29/2031 135.4 135.4 152.6 0.04 %
Cherich Enterprises 277 W Green St. Suite 110, Pasadena, CA 91105 Educational Services Term Loan Prime plus 2.75% 10/29/2031 239.3 239.3 269.6 0.07 %
Crux Solutions, LLC 6938 Westover St., Houston, TX 77087 Personal and Laundry Services Term Loan Prime plus 2.75% 12/30/2031 104.8 104.8 118.1 0.03 %
Montauk Donut Group Inc. 1669 Montauk Hwy., Bellport, NY 11713 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/12/2031 363.7 363.7 409.9 0.11 %
THE JAR CIRCLE INC 3545 Merrick Rd., Seaford, NY 11783 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/20/2031 125.0 125.0 140.9 0.04 %
PCH Ventures, LLC 18515 Brookhurst St., Fountain valley, CA 92618 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/20/2031 227.7 227.7 256.6 0.07 %
MA Allen LLC dba Premier Martial Arts 380 East Bethany Dr., Allen, TX 75002 Educational Services Term Loan Prime plus 2.75% 3/25/2031 67.3 67.3 75.9 0.02 %
Tiny's Gumbo Bar NYC LLC 275 Church St., New York, NY 10013 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/25/2031 152.5 152.5 171.9 0.05 %
7 BRANCHES Corp 410 Pearl St., Lake Wales, FL 33853 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/27/2031 36.3 36.3 40.9 0.01 %
K’s Salon 1 580 Amsterdam Ave, New York, NY 10024 Personal and Laundry Services Term Loan Prime plus 2.75% 1/30/2031 132.4 132.4 149.2 0.04 %
Shrijee LLC 908 Washington St., Manitowoc, WI 54220 Accommodation Term Loan Prime plus 2.75% 12/31/2046 1,072.4 1,072.4 1,230.5 0.34 %
Big Heart LLC 1158 W San Marcos Blvd, San Marcos, CA 92078 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2031 77.5 77.5 87.3 0.02 %
LAOR 7900 S. Orange Blossom Trail, Unit 1, Orlando, FL 32809 Health and Personal Care Stores Term Loan Prime plus 2.75% 5/26/2047 1,550.4 1,550.4 1,779.0 0.49 %
RGV Poke LLC 5401 North 10 St. Unit 126, McAllen, TX 78504 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/2/2032 50.4 50.4 56.8 0.02 %
Alaska Industrial Paint LLC 1301 North Post Rd., Anchorage, AK 99501 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/8/2032 103.5 103.5 116.6 0.03 %
B & W Towing LLC 701 Addison Rd., Painted Post, NY 14870 Support Activities for Transportation Term Loan Prime plus 2.75% 2/9/2047 444.2 444.2 509.7 0.14 %
137
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Black Market Meal Prep 29941 Aventura, Suite K, Rancho Santa Margarita, CA 92688 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/24/2032 82.5 82.5 93.0 0.03 %
C.D.A. Serviceability Trust Inc. 4501 6th Ave, Tacoma, WA 98406 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/27/2046 624.0 624.0 716.0 0.20 %
Coco Wood Grill 1800 E Palm Ave, Tampa, FL 33605 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2047 1,923.3 1,923.3 2,206.9 0.60 %
Jafar & Jamal Inc. 11 Highland Ave., Malden, MA 02148 Food and Beverage Stores Term Loan Prime plus 2.75% 3/29/2032 117.0 117.0 131.9 0.04 %
Metro of Livernois 17149 Livernois, Detroit, MI 48221 Telecommunications Term Loan Prime plus 2.75% 1/29/2047 1,224.0 1,224.0 1,379.4 0.38 %
Moon Group, Inc. 145 Moon Rd, Chesapeake City, MD 21915 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 6/27/2029 3,254.8 3,254.8 3,417.5 0.93 %
Beau & HB Inc. dba Beau’s Billard, Bowling & Arcade 100 Village Rd., Port Lavaca, TX 77979 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/16/2029 105.3 105.3 111.3 0.03 %
Lulubelle's Mountain Banana Bread LLC 1063 Carousel Rd, Lake Arrowhead, CA 92352 Food Manufacturing Term Loan Prime plus 2.75% 12/21/2045 746.0 746.0 828.0 0.23 %
NJ Floats Inc 327 Route 202/206, Bedminster Township, NJ 07921 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 6/12/2046 822.0 822.0 912.4 0.25 %
Great II, LLC 142 WA-150, Chelan, WA 98816 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/30/2031 3,112.5 3,112.5 3,439.3 0.94 %
New Greater Generation Family Funeral Group, LLC 1400 N Hampton Rd, DeSoto, TX 75115 Personal and Laundry Services Term Loan Prime plus 2.75% 9/30/2046 219.2 219.2 250.7 0.07 %
Faxon Enterprises 3107 Nichols Ave., Bay City, TX 78259 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/30/2046 3,105.0 3,105.0 3,516.4 0.96 %
Champion's Florida LLC 1360 NW 88th Ave., Doral, FL 33172 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/30/2046 3,663.8 3,663.8 4,149.2 1.13 %
Jones Roger Shermann Inn Inc. 195 Oenoke Ridge, New Canaan, CT 06840 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/4/2030 64.7 64.7 64.7 0.02 %
Matrix Z LLC 800 SW 21st Terrace, Ft Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 6.5% 2/27/2029 10.4 10.4 10.4 — %
Rello Inc. 8063 Jericho Turnpike, Woodbury, NY 11797 Personal and Laundry Services Term Loan Prime plus 6.5% 4/17/2029 5.1 5.1 5.1 — %
2Choice2Friends LLC 901 W Braker Lane, Austin, TX 78758 Food Services and Drinking Places Term Loan Prime plus 6.5% 4/17/2029 10.6 10.6 10.6 — %
NYM Solutions Inc. 12150 SW 128th St. CT Suite 209, Miami, FL 33186 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 5/6/2029 10.6 10.6 10.6 — %
Clowers Trucking by Faith LLC 705 E Brookwood PL, Valdosta, GA 31601 Truck Transportation Term Loan Prime plus 6.5% 5/23/2029 10.6 10.6 10.6 — %
MCM Design LLC 5926 Vinings Vintage Way, Mableton, GA 30126 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 5/23/2029 8.2 8.2 8.2 — %
Still Photography 195 Terrace Place, Apt. 2, Brooklyn, NY 11218 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 6/6/2029 10.7 10.7 10.7 — %
Archer Cleaners Inc. 1514 W. 33rd St., Chicago, IL 60608 Personal and Laundry Services Term Loan Prime plus 6.5% 6/10/2029 10.7 10.7 10.7 — %
138
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Law Office of Paula Padilla PLLC 2211 E Highland Ave Suite 130, Phoenix, AZ 85016 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 6/13/2029 4.3 4.3 4.3 — %
Campuscuts LLC 930 Robtrice Ct, Edmond, OK 73430 Personal and Laundry Services Term Loan Prime plus 6.5% 6/21/2029 6.4 6.4 6.4 — %
Port Diesel LLC 3212 Alex Trask Dr., Castle Hayne, NC 28429 Repair and Maintenance Term Loan Prime plus 6.5% 6/21/2029 10.7 10.7 10.7 — %
Menshka Inc. 88 High St., Mountclair, NJ 07042 Ambulatory Health Care Services Term Loan Prime plus 6.5% 7/10/2029 10.8 10.8 10.8 — %
Lawrence Adeyemo & Co LLC 209-34 112 Ave, Queens Village, NY 11429 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 7/19/2029 8.7 8.7 8.7 — %
Gradstreet LLC 2437 Corinth Ave Apt 130, Los Angeles, CA 90064 Nonstore Retailers Term Loan Prime plus 6.5% 7/30/2029 6.3 6.3 6.3 — %
A&S Services LLC 3888 Lightner Rd., Vandalia, OH 45377 Food Services and Drinking Places Term Loan Prime plus 6.5% 8/7/2029 10.8 10.8 10.8 — %
Crystal Clear Accounting 34099 Tuscan Creek Way, Temecula, CA 92592 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 8/26/2029 2.8 2.8 2.8 — %
Doghouse Sport Fishing Charters Inc. 83413 Overseas Hwy., Islamorada, FL 33036 Scenic and Sightseeing Transportation Term Loan Prime plus 6.5% 8/30/2029 10.8 10.8 10.8 — %
No Push Back LLC 5405 Neshaminy Blvd, Bensalem, PA 19020 Personal and Laundry Services Term Loan Prime plus 6.5% 8/30/2029 10.5 10.5 10.5 — %
Host Marketing LLC 206 Bell Lane, Suite B, West Monroe, LA 71291 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 9/18/2029 10.9 10.9 10.9 — %
Standard Real Estate Services LLC 500 West Silver Spring Dr., Suite K 200,, Glendale, WI 53217 Real Estate Term Loan Prime plus 6.5% 9/19/2029 10.9 10.9 10.9 — %
Bargain Store 107 Tabernacle Church Rd., Candor, NC 27229 General Merchandise Stores Term Loan Prime plus 6.5% 10/11/2029 11.0 11.0 11.0 — %
Powerlift Dumbwaiters Inc. 2444 Georgia Slide Rd., Georgetown, CA 95634 Machinery Manufacturing Term Loan Prime plus 6.5% 10/16/2029 10.6 10.6 10.6 — %
Pine Mountain Residential LLC 10240 Cosmopolitan Circle, Parker, CO 80134 Specialty Trade Contractors Term Loan Prime plus 6.5% 10/16/2029 11.0 11.0 11.0 — %
James Clark and Company Inc. 8885 Haven Ave., Suite 120, Rancho Cucamonga, CA 91730 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 10/22/2029 11.0 11.0 11.0 — %
Sean McNamara 5639 Wood Lane, Allentown, PA 18106 Nonstore Retailers Term Loan Prime plus 6.5% 11/14/2029 11.0 11.0 11.0 — %
The Pinnacle Group 105 Springside Dr., Akron, OH 44333 Social Assistance Term Loan Prime plus 6.5% 11/14/2029 11.0 11.0 11.0 — %
Standard Capital Corp. 2349 Wessington Dr., Virginia Beach, VA 23456 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 12/5/2029 11.2 11.2 11.2 — %
Scott’s Hardware Inc 200 Tuckerton Rd., Medford, NJ 08055 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 6.5% 12/6/2029 11.1 11.1 11.1 — %
HADD Corp 364 Rugby Rd., Cedarhurst, NY 11516 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/17/2029 11.1 11.1 11.1 — %
La Tradicion Cubana Inc. 9357 S.W. 40th St., Miami, FL 33165 Miscellaneous Store Retailers Term Loan Prime plus 6.5% 12/20/2029 11.2 11.2 11.2 — %
139
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
This is a Fly Closet LLC 12408 Kingsview St., Bowie, MD 20721 Clothing and Clothing Accessories Stores Term Loan Prime plus 6.5% 1/30/2030 11.5 11.5 11.5 — %
2 N 1 Home and Lawn LLC 1300 Ridenour Blvd., Kennesaw, GA 30152 Administrative and Support Services Term Loan Prime plus 6.5% 2/3/2030 11.2 11.2 11.2 — %
All Modes Transportation and Logistics 4313 Collingtree Dr., Rockledge, FL 32955 Support Activities for Transportation Term Loan Prime plus 6.5% 2/14/2030 11.2 11.2 11.2 — %
Green Farm Inc. 1018 W SR 424 Suite 100, Longwood, FL 32750 Food and Beverage Stores Term Loan Prime plus 6.5% 11/19/2030 11.9 11.9 11.9 — %
Flex Beauty Labs LLC 7512 Dr. Phillip Blvd., Orlando, FL 32819 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 6.5% 11/24/2030 11.9 11.9 11.9 — %
Dearly Loved Counseling LLC 14052 N Dale Mabry Hwy., Suite 215, Tampa, FL 33618 Social Assistance Term Loan Prime plus 6.5% 11/24/2030 11.9 11.9 11.9 — %
Diane's Accounting Service 119 E Haywood St, England, AR 72046 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/3/2030 12.0 12.0 12.0 — %
Combs Creative LLC 157 Antler Ridge Circle,, Nashville, TN 37214 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/4/2030 5.3 5.3 5.3 — %
Travel with Love, LLC 8465 W Sahara Ave, Ste 111, Las Vegas, NV 89117 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/4/2030 4.8 4.8 4.8 — %
Jamali LLC 2741 Raceway Fairfield West, Pensacola, FL 32503 Food Services and Drinking Places Term Loan Prime plus 6.5% 12/11/2030 12.0 12.0 12.0 — %
Donald W. Harris 1625 US-59 N, Linden, TX 75563 Warehousing and Storage Term Loan Prime plus 6.5% 12/11/2030 12.0 12.0 12.0 — %
David Benson LLC 1422 Euclid Ave, Cleveland, OH 44115 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/16/2030 12.0 12.0 12.0 — %
Savannah Area Language & Culture Exchange, LLC 6 Dovetail Crossing, Savannah, GA 31419 Educational Services Term Loan Prime plus 6.5% 12/16/2030 12.0 12.0 12.0 — %
Vege Investments, LLC 26400 SW 177th Ave, Homestead, FL 33031 Gasoline Stations Term Loan Prime plus 6.5% 12/16/2030 12.0 12.0 12.0 — %
ASIL Ventures, LLC 4354 N Bell Ave, Apt G2,, Chicago, IL 60618 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/22/2030 4.1 4.1 4.1 — %
SPECTRUM DYNAMICS, INC 27727 Dalton Bluff Court, Katy, TX 77494 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/23/2030 12.0 12.0 12.0 — %
KCL Business Service Inc 1042 San Fernando Rd., San Fernando, CA 91340 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/23/2030 12.0 12.0 12.0 — %
Chris' Angels Cleanning Service LLC 2090 Dunwoody Club Dr., Sandy Springs, GA 30350 Administrative and Support Services Term Loan Prime plus 6.5% 12/23/2030 12.0 12.0 12.0 — %
Tiki Torch Liquors 101 Dallas St., Talihima, OK 74571 Food and Beverage Stores Term Loan Prime plus 6.5% 12/23/2030 12.0 12.0 12.0 — %
Austen Felder Holdings 23642 Hwy. 25, Franklinton, LA 70438 Personal and Laundry Services Term Loan Prime plus 6.5% 1/18/2031 12.1 12.1 12.1 — %
Diamond Ridge Professionals 8629 Mesquite Circle, Magna, UT 84044 Construction of Buildings Term Loan Prime plus 6.5% 1/19/2031 18.1 18.1 18.1 — %
Centre for Autism Treatment 13090 Sundown Rd., Victorville, CA 92392 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 1/20/2031 18.1 18.1 18.1 — %
140
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Londerpass Inc. 108 N Fiore Pkwy., Vernon Hills, IL 60061 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 1/21/2031 18.1 18.1 18.1 — %
Andrew’s Spotless Cleaning LLC 1604 Marcella Dr., Covington, KY 41011 Administrative and Support Services Term Loan Prime plus 6.5% 1/22/2031 18.1 18.1 18.1 — %
Wild Thing Accounting & Tax LLC 805 NE 190th Ave., Portland, OR 97230 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 1/22/2031 18.1 18.1 18.1 — %
Pasture Clearing Fencing LLC 1205 N St., Belleville, KS 66935 Construction of Buildings Term Loan Prime plus 6.5% 1/22/2031 16.6 16.6 16.6 — %
Wild Wellness LLC 151 Lake St., Lancaster, OH 43130 Ambulatory Health Care Services Term Loan Prime plus 6.5% 1/22/2031 8.0 8.0 8.0 — %
VIIXVII Sewing Studio LLC 277 E Girard Ave., Philadelphia, PA 19125 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 6.5% 1/22/2031 13.4 13.4 13.4 — %
Skypie Studio and Crafts LLC 933 Mary Ave, Opelousas, LA 70570 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 1/22/2031 17.4 17.4 17.4 — %
Jazma Wise 110 Golden Pine Rd SW, Austell, GA 30168 Personal and Laundry Services Term Loan Prime plus 6.5% 1/28/2031 11.6 11.6 11.6 — %
uniguide Media LLC 105 Pearl St., Sausalito, CA 94965 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 2/11/2031 18.2 18.2 18.2 — %
Alima Mandiang 242 E. Claremont Rd, Philadelphia, PA 19120 Personal and Laundry Services Term Loan Prime plus 6.5% 2/17/2031 7.3 7.3 7.3 — %
Benevolent Family Services LLC 522 S Independence Blvd., Suite 201, Virginia Beach, VA 23452 Ambulatory Health Care Services Term Loan Prime plus 6.5% 3/15/2031 18.4 18.4 18.4 0.01 %
INB Enterprise LLC 7761 Diamondback Dr., College Park, MD 20742 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 3/15/2031 18.4 18.4 18.4 0.01 %
Blasco Tire 960 Memorial Dr., Griffin, GA 30223 Motor Vehicle and Parts Dealers Term Loan Prime plus 6.5% 3/24/2031 18.3 18.3 18.3 0.01 %
Stephanie Doty 82 Diggins Dr., Folsom, CA 95630 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 4/14/2031 10.9 10.9 10.9 — %
Lockett Trucking and Transport LLC 612 Colebridge Dr., Blacklick, OH 43004 Truck Transportation Term Loan Prime plus 6.5% 4/14/2031 18.4 18.4 18.4 0.01 %
RV Solar LLC 3442 E Bulk Lane, Oak Creek, WI 53154 Specialty Trade Contractors Term Loan Prime plus 6.5% 4/14/2031 18.4 18.4 18.4 0.01 %
Foy Commerce LLC 1725 Park Lane S, Suite 2,, Jupiter, FL 33458 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 5/5/2031 18.6 18.6 18.6 0.01 %
JERAGARDENS WEDDING RENTALS LLC 5842 South 1150 West, Ogden, UT 84405 Rental and Leasing Services Term Loan Prime plus 6.5% 7/20/2031 18.8 18.8 18.8 0.01 %
Basha Home Improvements LLC 41 Van Houten Ave., Jersey City, NJ 07305 Construction of Buildings Term Loan Prime plus 6.5% 7/21/2031 7.7 7.7 7.7 — %
Tarun LLC DBA signature wine and liquor 325 South Limestone, Lexington, KY 40508 Food and Beverage Stores Term Loan Prime plus 6.5% 7/23/2031 18.8 18.8 18.8 0.01 %
C4 Technologies Inc 171 C Ave., Suite C, Coronado, CA 92118 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 8/6/2031 18.8 18.8 18.8 0.01 %
Dennis Hair Studio Inc. 1566 Union Turnpike, New Hyde Park, NY 11040 Personal and Laundry Services Term Loan Prime plus 6.5% 9/13/2031 18.8 18.8 18.8 0.01 %
141
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Edel Family Management Corp 2207 Coney Island Ave, Brooklyn, NY 11223 PPP Term Loan 1.0% 4/30/2022 39.2 39.2 39.2 0.01 %
Surf Cup Sports 2037 Park Dale Ln, Encinitas, CA 92024 PPP Term Loan 1.0% 4/30/2022 19.0 19.0 19.0 0.01 %
Asthma & Allergy Medical Care, P.C. 68 Nassau Rd, Huntington, NY 11743 PPP Term Loan 1.0% 5/4/2022 16.1 16.1 16.1 — %
Provino's South, Inc. 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 5/5/2022 18.2 18.2 18.2 — %
Kore Surgical Inc 26636 Fond Du Lac Rd, Rancho Palos Verdes, CA 90275 PPP Term Loan 1.0% 5/5/2022 8.0 8.0 8.0 — %
GMS Racing LLC 1980 Festival Plaza Dr, Suite 770, Las Vegas, NV 89135 PPP Term Loan 1.0% 5/6/2022 130.0 130.0 130.0 0.04 %
Basic L Corporation dba Action Industries 1120 Olympic Dr, Corona, CA 92881 PPP Term Loan 1.0% 5/7/2022 43.1 43.1 43.1 0.01 %
Allergy & Asthma Associates of Murray Hill, P.C. 35 E 35th St, Suite 202, New York, NY 10016 PPP Term Loan 1.0% 5/8/2022 17.1 17.1 17.1 — %
Temple Emanu-El 2100 Highland Ave, Birmingham, AL 35205 PPP Term Loan 1.0% 5/12/2022 28.0 28.0 28.0 0.01 %
Dental Designs of Fort Myers, LLC 3220 Forum Blvd, #104, Fort Myers, FL 33905 PPP Term Loan 1.0% 5/12/2022 34.8 34.8 34.8 0.01 %
RX Psychological Services, LLC 5300 McNutt Rd., Suite 12, Santa Teresa, NM 88008 PPP Term Loan 1.0% 5/12/2022 2.1 2.1 2.1 — %
HL Group Inc. 16690 Swingley Ridge Rd., Suite 100, Chesterfield, MO 63017 PPP Term Loan 1.0% 5/13/2022 16.0 16.0 16.0 — %
Child Welfare League of America Inc. 727 15th St NW, Suite 1200, Washington, DC 20005 PPP Term Loan 1.0% 5/13/2022 20.0 20.0 20.0 0.01 %
Quality Pool Management 161 Rombout Rd, Poughkeepsie, NY 12603 PPP Term Loan 1.0% 5/13/2022 6.4 6.4 6.4 — %
Stress Analysis Services, Inc. 3920 Ira Rd, Akron, OH 44333 PPP Term Loan 1.0% 5/14/2022 19.0 19.0 19.0 0.01 %
Dominic Orfitelli, LLC 7101 Elizabeth Dr, McLean, VA 22101 PPP Term Loan 1.0% 5/15/2022 3.1 3.1 3.1 — %
Ranco Construction LLC 2 Coleman Ct, Southampton, NJ 08088 PPP Term Loan 1.0% 5/15/2022 52.9 52.9 52.9 0.01 %
Rumi K. Lakha D.O., Inc. 7136 Pacific Blvd, Suite 225, Huntington Park, CA 90255 PPP Term Loan 1.0% 5/15/2022 21.7 21.7 21.7 0.01 %
Lisa Stransky Real Estate LLC 10000 Falls Rd, Suite 300, Potomac, MD 20854 PPP Term Loan 1.0% 5/18/2022 4.7 4.7 4.7 — %
Chophouse 13 11362 San Jose Blvd, Suite 1, Jacksonville, FL 32223 PPP Term Loan 1.0% 5/19/2022 20.4 20.4 20.4 0.01 %
Doctors Medical Center of Walton County, PA 21 W Main Ave, Defuniak Springs, FL 32435 PPP Term Loan 1.0% 5/19/2022 21.9 21.9 21.9 0.01 %
CCG Advisors 817 W Peachtree St., Suite 205, Atlanta, GA 30308 PPP Term Loan 1.0% 5/19/2022 21.5 21.5 21.5 0.01 %
142
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Laura Billon 1286 El Mercado Way,, Unit C, Oceanside, CA 92057 PPP Term Loan 1.0% 5/19/2022 0.1 0.1 0.1 — %
Caveonix 7777 Leesburg Pike, Suite 303 South, Falls Church, VA 22043 PPP Term Loan 1.0% 5/20/2022 31.0 31.0 31.0 0.01 %
Direct Resources Group 1520 4th Ave., Suite 500, Seattle, WA 98101 PPP Term Loan 1.0% 5/21/2022 31.3 31.3 31.3 0.01 %
Gwendolyn Luce 4065 Laguna Way, Palo Alto, CA 94306 PPP Term Loan 1.0% 5/21/2022 0.8 0.8 0.8 — %
Hamilton Technology Services 14115 West 59th Place, Arvada, CO 80004 PPP Term Loan 1.0% 5/21/2022 15.3 15.3 15.3 — %
North Carolina Baptist Foundation, Inc. 201 Convention Dr., Cary, NC 27511 PPP Term Loan 1.0% 5/21/2022 27.6 27.6 27.6 0.01 %
Carrie Risatti 307 Montana Ave, #201, Santa Monica, CA 90403 PPP Term Loan 1.0% 5/21/2022 1.7 1.7 1.7 — %
South Florida Imaging Consultants LLC 10754 Versailles Blvd, Wellington, FL 33449 PPP Term Loan 1.0% 5/22/2022 4.4 4.4 4.4 — %
Cinema Vehicles 12580 Saticoy St, North Hollywood, CA 91605 PPP Term Loan 1.0% 5/22/2022 59.0 59.0 59.0 0.02 %
Provino's Italian Restaurant, Inc. 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 5/26/2022 25.8 25.8 25.8 0.01 %
Easy Content Media LLC 706 Van Nest Dr., Martinsville, NJ 08836 PPP Term Loan 1.0% 5/26/2022 5.8 5.8 5.8 — %
163rd Avenue Investors, LLC 1435 163rd Ave, San Leandro, CA 94578 PPP Term Loan 1.0% 5/26/2022 2.9 2.9 2.9 — %
TK Food Concepts LLC 107 North 3rd St, Suite 3D, Brooklyn, NY 11249 PPP Term Loan 1.0% 5/26/2022 15.4 15.4 15.4 — %
Jennie Kwon Designs 643 S Olive St, Los Angeles, CA 90014 PPP Term Loan 1.0% 5/26/2022 5.4 5.4 5.4 — %
Pacific CCI, Inc 880 W 1st St, #520, Los Angeles, CA 90012 PPP Term Loan 1.0% 5/27/2022 36.4 36.4 36.4 0.01 %
Scalini's, Inc. 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 5/27/2022 17.7 17.7 17.7 — %
Sports Academy Integrated Sports Medicine, LLC 1011 Rancho Conejo Blvd, Newbury Park, CA 91320 PPP Term Loan 1.0% 5/27/2022 31.4 31.4 31.4 0.01 %
Frenchy's 1460 3rd St S, Jacksonville Beach, FL 32250 PPP Term Loan 1.0% 5/28/2022 8.6 8.6 8.6 — %
Yoga Connection of Pembroke Pines, Inc 12592 Pines Blvd, #103, Pembroke Pines, FL 33027 PPP Term Loan 1.0% 5/28/2022 2.3 2.3 2.3 — %
Shalik, Morris & Company, LLC 80 Crossways Park Dr W, Woodbury, NY 11797 PPP Term Loan 1.0% 5/29/2022 108.3 108.3 108.3 0.03 %
Hawk Management LLC 2305 W Horizon Ridge Pkwy, #2024, Henderson, NV 89052 PPP Term Loan 1.0% 5/29/2022 18.9 18.9 18.9 0.01 %
Headhunter Inc 3380 SW 11th AVE, FT LAUDERDALE, FL 33315 PPP Term Loan 1.0% 5/29/2022 78.2 78.2 78.2 0.02 %
Raidah Hudson Dentistry 4374 S Laburnum Ave, Richmond, VA 23231 PPP Term Loan 1.0% 5/29/2022 2.5 2.5 2.5 — %
143
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Haley Glazer Geriatric Care Management, LLC 40 Bradway Ave, Ewing Township, NJ 08618 PPP Term Loan 1.0% 6/1/2022 3.3 3.3 3.3 — %
Snipers Lacrosse Inc 1024 W Heritage Club Cir, Delray Beach, FL 33483 PPP Term Loan 1.0% 6/1/2022 2.6 2.6 2.6 — %
Michael A Friedman, MD 2675 N Decatur Rd, Decatur, GA 30033 PPP Term Loan 1.0% 6/1/2022 1.7 1.7 1.7 — %
Bonsecours Productions Inc. 420 Riverside Dr., New York, NY 10025 PPP Term Loan 1.0% 6/1/2022 1.2 1.2 1.2 — %
VCSC 11627 Versailles Lakes Ln, Houston, TX 77082 PPP Term Loan 1.0% 6/1/2022 2.4 2.4 2.4 — %
Lubin & Meyer, PC 100 City Hall Plaza, Boston, MA 02108 PPP Term Loan 1.0% 6/1/2022 63.0 63.0 63.0 0.02 %
Special Events Staffing 1015 N Lake Ave, Suite 205, Pasadena, CA 91104 PPP Term Loan 1.0% 6/1/2022 54.6 54.6 54.6 0.01 %
Get Wired Tec, Inc. 2192 Lysander Ave, Simi Valley, CA 93065 PPP Term Loan 1.0% 6/1/2022 4.0 4.0 4.0 — %
Bailey and Owens Construction 2649 Valleydale Rd, Birmingham, AL 35244 PPP Term Loan 1.0% 6/1/2022 17.5 17.5 17.5 — %
Levin's Crosstown Supply Corp. 1347 Boston Rd, Bronx, NY 10456 PPP Term Loan 1.0% 6/1/2022 6.5 6.5 6.5 — %
The On The Line Company, Inc 101 Arch St, Suite 225, Boston, MA 02110 PPP Term Loan 1.0% 6/1/2022 9.7 9.7 9.7 — %
LG Networks Inc 8111 Lyndon B Johnson Fwy, Suite 700, Dallas, TX 75251 PPP Term Loan 1.0% 6/1/2022 15.1 15.1 15.1 — %
Trapwire Inc. 1818 Library St, Reston, VA 20190 PPP Term Loan 1.0% 6/2/2022 24.4 24.4 24.4 0.01 %
Innervision Technology Relocation Company 3780 Kilroy Airport Way, Suite 200-300, Long Beach, CA 90806 PPP Term Loan 1.0% 6/2/2022 7.4 7.4 7.4 — %
Provino's of North Gwinnett, Inc. 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 6/2/2022 24.0 24.0 24.0 0.01 %
Zola Electric Labs, Inc. 555 De Haro St, San Francisco, CA 94107 PPP Term Loan 1.0% 6/2/2022 50.0 50.0 50.0 0.01 %
St. Jude Emergency Medical Group Inc. 9930 Research Dr, Irvine, CA 92618 PPP Term Loan 1.0% 6/2/2022 24.5 24.5 24.5 0.01 %
Wavecrest Sales LLC 501 NE Wavecrest Way, Boca Raton, FL 33432 PPP Term Loan 1.0% 6/2/2022 2.0 2.0 2.0 — %
Flynn Gallagher Associates LLC 1980 Festival Plaza Dr, Suite 770, Las Vegas, NV 89135 PPP Term Loan 1.0% 6/2/2022 23.2 23.2 23.2 0.01 %
Law Offices of Rajiv S Khanna PC 5225 N. Wilson Blvd, Arlington, VA 22205 PPP Term Loan 1.0% 6/3/2022 31.3 31.3 31.3 0.01 %
Princeton Van Service 92 north main St. bldg 4, WINDSOR, NJ 08561 PPP Term Loan 1.0% 6/3/2022 1.7 1.7 1.7 — %
Renuart Enterprises Inc. (REI) 16950 SW 90th Ave, Palmetto Bay, FL 33157 PPP Term Loan 1.0% 6/3/2022 7.3 7.3 7.3 — %
Subterranean Hair 263 W 7th St, San Pedro, CA 90731 PPP Term Loan 1.0% 6/3/2022 0.9 0.9 0.9 — %
144
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Apache Behavioral Health Services, Inc. 249 W Ponderosa St, Whiteriver, AZ 85941 PPP Term Loan 1.0% 6/3/2022 241.1 241.1 241.1 0.07 %
Mazco Ventures LLC 3410 Montrose Blvd, Houston, TX 77006 PPP Term Loan 1.0% 6/3/2022 0.3 0.3 0.3 — %
Parenteau Guidance 132 E 35th St, Apt 3J, New York, NY 10016 PPP Term Loan 1.0% 6/3/2022 0.9 0.9 0.9 — %
Vreeke & Associates 845 E Easy St., Suite 101, Simi Valley, CA 93065 PPP Term Loan 1.0% 6/4/2022 1.4 1.4 1.4 — %
MAYATEX, INC. 5015 S IH 35, Georgetown, TX 78626 PPP Term Loan 1.0% 6/4/2022 4.7 4.7 4.7 — %
Aircel LLC 3033 Riviera Dr, Suite 101, Naples, FL 34103 PPP Term Loan 1.0% 6/4/2022 35.0 35.0 35.0 0.01 %
Unity Worldwide Ministries Eastern Region 800 Blanton Ave, Richmond, VA 23221 PPP Term Loan 1.0% 6/4/2022 0.8 0.8 0.8 — %
Amanda Lopez 23411 aliso viejo Pkwy., Aliso Viejo, CA 92656 PPP Term Loan 1.0% 6/4/2022 0.5 0.5 0.5 — %
Moody Creek Farms LLC 31257 VIA MARIA ELENA, Bonsall, CA 92003 PPP Term Loan 1.0% 6/5/2022 35.4 35.4 35.4 0.01 %
YMCA of West San Gabriel Valley 401 East Corto St., Alhambra, CA 91801 PPP Term Loan 1.0% 6/5/2022 15.7 15.7 15.7 — %
PDT LLC 2812 Rivers Edge Rd, Louisville, KY 40222 PPP Term Loan 1.0% 6/5/2022 — — — — %
Seattle Ventures LLC 2215 3rd Ave W, Seattle, WA 98119 PPP Term Loan 1.0% 6/5/2022 2.1 2.1 2.1 — %
Precision Landscape Management Inc 3130 Carter Jones Rd, Groveland, FL 34736 PPP Term Loan 1.0% 6/5/2022 19.0 19.0 19.0 0.01 %
Stonecrop Gardens Inc 81 Stonecrop Ln, Cold Spring, NY 10516 PPP Term Loan 1.0% 6/5/2022 16.7 16.7 16.7 — %
Andrew S. Gaffney Foundation 245 South St, Morristown, NJ 07960 PPP Term Loan 1.0% 6/5/2022 1.4 1.4 1.4 — %
SDG Engineering PC 121 Huntington Rd, Port Washington, NY 11050 PPP Term Loan 1.0% 6/5/2022 8.5 8.5 8.5 — %
LaFlower Construction, Inc. 23888 Madison St, Torrance, CA 90505 PPP Term Loan 1.0% 6/5/2022 0.1 0.1 0.1 — %
Sea-Est Incorporated 1741 W Beaver St, Jacksonville, FL 32209 PPP Term Loan 1.0% 6/8/2022 25.6 25.6 25.6 0.01 %
Gwinnett Cemeteries, LLC 103 Crestview Church Rd, Warner Robins, GA 31088 PPP Term Loan 1.0% 6/8/2022 16.5 16.5 16.5 — %
Music Center Inc. dba Haight Ashbury Music Center; dba Gelb Music 722 El Camino Real, Redwood City, CA 94063 PPP Term Loan 1.0% 6/8/2022 9.5 9.5 9.5 — %
Camfed U.S.A. Foundation 466 Geary St, Suite 400, San Francisco, CA 94102 PPP Term Loan 1.0% 6/8/2022 18.2 18.2 18.2 — %
National Roofing 1237 Circle Ave, Forest Park, IL 60130 PPP Term Loan 1.0% 6/8/2022 52.5 52.5 52.5 0.01 %
Dental Designs of Naples 5048 Tamiami Trail N, Naples, FL 34103 PPP Term Loan 1.0% 6/9/2022 21.1 21.1 21.1 0.01 %
145
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
G&A Rehab, Inc 3333 Skypark Dr., Suite 220, Torrance, CA 90505 PPP Term Loan 1.0% 6/9/2022 15.8 15.8 15.8 — %
OCC installations 12102 Manley St, Garden Grove, CA 92845 PPP Term Loan 1.0% 6/9/2022 0.7 0.7 0.7 — %
Intrepid 7 Quail Ridge Rd S, Rolling Hills, CA 90274 PPP Term Loan 1.0% 6/10/2022 6.9 6.9 6.9 — %
Mora Investment Management 9 W Star Island Dr, Miami Beach, FL 33139 PPP Term Loan 1.0% 6/10/2022 1.2 1.2 1.2 — %
Birdie Golf Ball Company 208 Margate Ct, Margate, FL 33063 PPP Term Loan 1.0% 6/11/2022 0.9 0.9 0.9 — %
Amanda Reynal Interiors 1417 Walnut St, Suite D, Des Moines, IA 50309 PPP Term Loan 1.0% 6/11/2022 1.8 1.8 1.8 — %
Clark A Miller Sales LTD 1205 Tuscany Ct, Alpharetta, GA 30004 PPP Term Loan 1.0% 6/11/2022 0.6 0.6 0.6 — %
Copperfield Investment & Development Company 1721 Crystal Ann Ave, Las Vegas, NV 89106 PPP Term Loan 1.0% 6/12/2022 1.2 1.2 1.2 — %
Dan Counts & Associates, Inc. 1780 Prescott Ave, Monterey, CA 93940 PPP Term Loan 1.0% 6/12/2022 1.1 1.1 1.1 — %
DEAFLINK INC 57 Ludlow Ln, Palisades, NY 10964 PPP Term Loan 1.0% 6/15/2022 1.3 1.3 1.3 — %
Propel A Charter Management Group Inc 5200 Irwindale Ave, Irwindale, CA 91706 PPP Term Loan 1.0% 6/16/2022 29.8 29.8 29.8 0.01 %
Sunburst Decorative Rock, Inc 282 Live Oak Ave, Irwindale, CA 91706 PPP Term Loan 1.0% 6/16/2022 18.3 18.3 18.3 — %
Daydream Reels LLC 3615 N Kenilworth St, Arlington, VA 22207 PPP Term Loan 1.0% 6/16/2022 1.3 1.3 1.3 — %
PR Realty Management LLC 2207 Coney Island Ave, Brooklyn, NY 11223 PPP Term Loan 1.0% 6/18/2022 19.2 19.2 19.2 0.01 %
Joel Diaz Training Camp, LLC. 40795 Adriatico Ct, Indio, CA 92203 PPP Term Loan 1.0% 6/23/2022 1.4 1.4 1.4 — %
John Berry Turbidy 1501 Silver King Dr, Aspen, CO 81611 PPP Term Loan 1.0% 6/29/2022 2.1 2.1 2.1 — %
PPS UTICA LLC 251 Utica Ave, Brooklyn, NY 11213 PPP Term Loan 1.0% 5/7/2022 15.2 15.2 15.2 — %
BARRYVILLE MANAGEMENT 1 CORP 299 South St, New York, NY 10002 PPP Term Loan 1.0% 3/18/2026 20.0 20.0 20.0 0.01 %
DANIELLE|TATE 347 Bianco Ridge Ave, Las Vegas, NV 89183 PPP Term Loan 1.0% 3/31/2026 20.8 20.8 20.8 0.01 %
David|Ortiz 4004 Waterview Cir, Palm Springs, FL 33461 PPP Term Loan 1.0% 4/26/2026 18.7 18.7 18.7 0.01 %
Montalban Featherstone 13513 7 Mile Rd, Detroit, MI 48205 PPP Term Loan 1.0% 5/24/2026 20.8 20.8 20.8 0.01 %
Total SBA Guaranteed Accrual Investments $ 31,227.7 $ 31,227.7 $ 34,598.2 9.45 %


146
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Non-Accrual Investments (4b)
Hackstaff Restaurants (*) 248 W 1st. St. Ste 201, Reno, NV 89501 Food Services and Drinking Places Term Loan Prime plus 0% 7/15/2029 412.7 412.7 437.4 0.12 %
MIT LLC (*) 11 North Peach ST., Medford, OR 97504 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 3/31/2042 254.7 254.7 254.7 0.07 %
Neville Galvanizing, Inc (*) 2983 Grand Ave., Pittsburgh, PA 15225 Fabricated Metal Product Manufacturing Term Loan Prime plus 6.00% 12/15/2042 707.1 707.1 707.1 0.19 %
Chavero's Auto Mart LLC (*) 1364 E Palma Vista Dr., Palmview, TX 78572 Motor Vehicle and Parts Dealers Term Loan Prime plus 9.75% 10/11/2029 12.5 12.5 12.5 — %
Crystal Cleaning Service (*) 26 Cooper Rd, Byhalia, MS 38611 Administrative and Support Services Term Loan Prime plus 0% 5/9/2029 8.9 8.9 8.9 — %
Pen’s Electric Company, Inc (*) 504 Fairfax Ave., Nashville, TN 37212 Specialty Trade Contractors Term Loan Prime plus 9.75% 11/21/2029 11.9 11.9 11.9 — %
R. JOHNSON CRAFTSMANSHIP (*) 346 Spring Garden Rd., Milford, NJ 08848 Specialty Trade Contractors Term Loan Prime plus 0% 12/4/2030 10.0 10.0 10.0 — %
Total SBA Guaranteed Non-Accrual Investments $ 1,417.8 $ 1,417.8 $ 1,442.5 0.32 %
Total SBA Guaranteed Investments $ 32,645.5 $ 32,645.5 $ 36,040.7 9.85 %
Total SBA Unguaranteed and Guaranteed Investments $ 449,297.2 $ 449,297.2 $ 442,621.6 120.93 %
147
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
Controlled Investments (5) (22)
Automated Merchant Services, Inc. (*,#) (7) (21) 12230 Forest Hill Blvd., Wellington, FL 33414 Data processing, Hosting, and Related Services 100% Common Stock —% — — — — — %
CDS Business Services, Inc. (*,#) (8) 1985 Marcus Ave., Lake Success, NY 11042 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 100% Common Stock —% — — 4,428.0 — — %
Line of Credit 10% Dec 2021 20,000.0 20,000.0 9,800.0 2.68 %
Newtek Technology Solutions, Inc. (#) (24) 1904 W. Parkside Lane Phoenix, AZ 85027 Data processing, Hosting, and Related Services 100% Common Stock —% — — 19,503.7 36,000.0 9.84 %
Line of Credit 10% Nov 2028 10,361.0 10,821.0 10,821.0 2.96 %
Line of Credit Prime plus 0.5% April 2022 750.0 750.0 750.0 0.20 %
Line of Credit Prime plus 0.5% July 2022 100.0 225.0 225.0 0.06 %
Newtek Insurance Agency, LLC (*,#) (13) 1981 Marcus Ave., Lake Success, NY 11042 Insurance Carriers and Related Activities 100% Membership Interest —% — — 1,085.0 2,150.0 0.59 %
PMTWorks Payroll, LLC (*,#) (9) 1981 Marcus Ave., Lake Success, NY 11042 Data processing, Hosting, and Related Services 100% Membership Interest —% — — 2,378.1 — — %
Term Loan 10% Oct 2021 435.0 435.0 324.0 0.09 %
Term Loan 10% May 2022 750.0 750.0 558.6 0.15 %
Term Loan 12% May 2022 500.0 500.0 372.4 0.10 %
Term Loan 10% July 2022 1,000.0 1,000.0 745.0 0.20 %
Small Business Lending, LLC (*,#) (12) 1981 Marcus Ave., Lake Success, NY 11042 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 100% Membership Interest —% — — 598.0 4,000.0 1.09 %
Term Loan 10% June 2023 400.0 400.0 400.0 0.11 %
ADR Partners, LLC dba banc-serv Partners, LLC (*,#) (19) 8777 Purdue Rd, Indianapolis, IN 46268 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 100% Membership Interest —% — — 7,085.2 — — %
Newtek Merchant Solutions, LLC (#) (11) 1981 Marcus Ave., Lake Success, NY 11042 Data processing, Hosting, and Related Services 100% Membership Interest —% — — 16,438.0 111,500.0 30.46 %
Mobil Money, LLC (#) (17) 1981 Marcus Ave., Lake Success, NY 11042 Data processing, Hosting, and Related Services 100% Membership Interest —% — — 2,980.0 3,500.0 0.96 %
Newtek Business Lending, LLC (#) (10) 14 East Washington St., Orlando, FL 32801
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 100% Membership Interest —% — — 49,962.0 59,462.0 16.25 %
148
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
Controlled Investments (5) (22)
Newtek Conventional Lending, LLC (#) (18) (23) 1981 Marcus Ave., Lake Success, NY 11042 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 50% Membership Interest —% — — 19,047.0 20,600.1 5.63 %
Titanium Asset Management, LLC (*,#) (14) 1981 Marcus Ave., Lake Success, NY 11042 Administrative and Support Services Term Loan 10% March 2023 900.0 900.0 658.0 0.18 %
100% Membership Interest —% — — — — — %
Excel WebSolutions, LLC (*,#) (15) 888 East Brighton Ave. Syracuse, NY 13205 Data processing, Hosting, and Related Services Term Loan 10% June 2023 159.2 159.2 — — %
100% Membership Interest — — — — — — %
POS on Cloud, LLC (#) (20) 1981 Marcus Ave., Lake Success, NY 11042 Data processing, Hosting, and Related Services Term Loan 10% Sept 2023 850.0 1,050.0 1,050.0 0.29 %
50.14% Membership Interest — — — — — — %
Total Controlled Investments $ 36,205.2 $ 160,495.0 $ 262,916.1 71.83 %
149
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
Non-Control Investments (22)
EMCAP Loan Holdings, LLC (+,#) (16) 1140 Reservoir Ave., Cranston, RI 02920 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 4.67% Membership Interest —% — $ — $ 1,000.0 $ 1,000.0 0.27 %
ARC Metal Stamping, LLC (#) 4111 Munson Hwy, Hudson, MI 49247 Machinery Manufacturing Term Loan 5 Yr Tr plus 7.43% 1/1/2045 5,399.7 5,399.7 5,920.7 1.62 %
Total Non-Control Investments $ 5,399.7 $ 6,399.7 $ 6,920.7 1.89 %
Total Investments $ 490,902.1 $ 616,191.9 $ 712,458.4 194.65 %

^ Investment has been pledged as collateral under the Securitization Trusts.
* Non-income producing security.
# Fair value determined using significant unobservable inputs.
+ Restricted security. The Company’s investments generally are acquired in private transactions exempt from registration under the Securities Act and, therefore, generally are subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. However, unless otherwise indicated, such securities may be sold in certain transactions (generally to qualified institutional buyers) and remain exempt from registration.
(1) Newtek values each unguaranteed portion of SBA 7(a) accrual loans (“Loan”) using a discounted cash flow analysis which projects future cash flows and incorporates projections for Loan pre-payments and Loan defaults using historical portfolio data. The data predicts future prepayment and default probability on curves which are based on Loan age. The recovery assumption for each Loan is specific to the discounted valuation of the collateral supporting that Loan. Each Loan’s cash flow is discounted at a rate which approximates a market yield. The Loans were originated under the SBA 7(a) program and conform to the underwriting guidelines in effect at their time of origination. Newtek has been awarded PLP status from the SBA. Portions of these Loans are not guaranteed by the SBA. Individual loan participations can be sold to institutions which have been granted an SBA 750 license. Loans can also be sold as a pool of loans in a security form to qualified investors.
(2) The interest rates in effect on our loans as of September 30, 2021 are based off a Prime Rate equal to 3.25% and 1 month LIBOR equal to 0.08025%, with the exception of PPP loans. The SBA reimburses the Company for originating PPP loans and such SBA reimbursements are included as interest income on PPP loans. The 1% interest rate shown for PPP loans is the rate that would be in effect if the PPP loans were not forgiven by the SBA. See NOTE 2—SIGNIFICANT ACCOUNTING POLICIES.
(3) Newtek values non-accrual SBA 7(a) loans using a discounted cash flow analysis of the underlying collateral which supports the loan. Management’s estimate of the net recovery of collateral, (fair value less cost to liquidate) is applied to the discounted cash flow analysis based upon a time to liquidate estimate. Modified loans are valued based upon current payment streams and are re-amortized at the end of the modification period.
(4a) Newtek values guaranteed accrual SBA 7(a) loans using the secondary SBA 7(a) market as a reference point. Newtek routinely sells accrual SBA 7(a) loans into this secondary market. Guaranteed portions of SBA 7(a) loans partially funded as of the valuation date are valued using level two inputs as disclosed in NOTE 6—FAIR VALUE MEASUREMENTS.
(4b) Newtek values guaranteed non-accrual loans based on the estimated recovery under the SBA guarantee, which is at cost.
(5) Controlled Investments are disclosed above as equity investments (except as otherwise noted) in those companies that are “Controlled Investments” of the Company as defined in the Investment Company Act of 1940. A company is deemed to be a “Controlled Investment” of Newtek Business Services Corp. if Newtek Business Services Corp. or its subsidiaries owns more than 25% of the voting securities of such company. See NOTE 4—TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS in the accompanying notes to the consolidated financial statements for transactions during the nine months ended September 30, 2021 with affiliates the Company is deemed to control.
(6) 50% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.), 50% owned by non-affiliate. The term loan was past its original maturity date, was in default and the entity ceased operating. As such, the fair value of the investment is zero. On July 16, 2021, a certificate of dissolution was filed.
(7) 96.11% owned by Wilshire Partners, LLC (a subsidiary of Newtek Business Services Corp.), 3.89% owned by Newtek Business Services Corp.
150
See accompanying notes to consolidated financial statements.

(8) CDS Business Services, Inc. d/b/a Newtek Business Credit Solutions, a wholly-owned portfolio company that is part of the Company’s business finance platform, providing receivables and inventory financing to small and medium size businesses; 50.15% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.) and 49.85% owned by Wilshire Holdings 1, Inc. (a subsidiary of Newtek Business Services Corp.).
(9) PMTWorks Payroll, LLC d/b/a Newtek Payroll and Benefits Solutions (“NPS” or “PMT”), a wholly-owned portfolio company which offers an array of industry standard payroll management, payment and tax reporting services to SMBs; 25% owned by The Whitestone Group, LLC, (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.), 65% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.), and 10% owned by Exponential Business Development Co., Inc. (a subsidiary of Newtek Business Services Corp.).
(10) Newtek Business Lending, LLC (“NBL”), a wholly-owned portfolio company that provides SBA 504 loans and financing to the SMB market for the acquisition of fixed assets and loan origination services to other parts of the Company’s business finance platform; 100% owned by Newtek Business Services Holdco 6, Inc. (a subsidiary of Newtek Business Services Corp.).
(11) Newtek Merchant Solutions, LLC (“NMS”) is a wholly-owned portfolio company that markets credit and debit card processing services, check approval services, processing equipment, and software; 100% owned by NBSH Holdings, LLC (a subsidiary of Newtek Business Services Holdco 1, Inc., a subsidiary of Newtek Business Services Corp.).
(12) Small Business Lending, LLC (“SBL”) is a wholly-owned portfolio company that is part of the Company’s business finance platform;100% owned by Newtek LSP Holdco, LLC (a subsidiary of Wilshire Holdings I, Inc. and Newtek Business Services Holdco 5, Inc., both subsidiaries of Newtek Business Services Corp.). SBL provides third-party loan servicing for SBA and non-SBA loans, and provides lending institutions with outsourced solutions for the entire SBA lending process, including credit analysis, structuring and eligibility, packaging, closing compliance and servicing. In addition, SBL provides loan and servicing solutions to other parts of the Company’s business finance platform.
(13) Newtek Insurance Agency, LLC (“NIA”), a wholly-owned portfolio company which is a retail and wholesale brokerage insurance agency, licensed in all 50 states, specializing in the sale of commercial and health/benefits lines insurance products to the small and medium size business market as well as various personal lines of insurance; 100% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.).
(14) 50% owned by Exponential Business Development Co., Inc. (a subsidiary of Newtek Business Services Corp.), 47.8% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.) and 2.2% owned by Wilshire New York Advisers II, LLC (a subsidiary of Newtek Business Services Corp.).
(15) 100% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.)
(16) 4.67% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.). The initial acquisition date for EMCAP Loan Holdings, LLC was April 25, 2018.
(17) Mobil Money, LLC (“Mobil Money”), a wholly-owned portfolio company that provides payment processing for a merchant portfolio of taxi cabs; 100% owned by Newtek Business Services Holdco 4, Inc. (a subsidiary of Newtek Business Services Corp.).
(18) On May 20, 2019, the Company and its joint venture partner launched Newtek Conventional Lending, LLC (“NCL”) to provide non-conforming conventional commercial and industrial term loans to U.S. middle-market companies and small businesses. NCL is 50% owned by Newtek Commercial Lending, Inc. (a wholly-owned subsidiary of Newtek Business Services Corp.) and 50% owned by Conventional Lending TCP Holding, LLC (a wholly-owned, indirect subsidiary of BlackRock TCP Capital Corp. (NASDAQ:TCPC)). Deemed an investment company under the 1940 Act.
(19) 100% owned by Newtek LSP Holdco, LLC (a subsidiary of Wilshire Holdings I, Inc. and Newtek Business Services Holdco 5, Inc., both subsidiaries of Newtek Business Services Corp.).
(20) 50.13% owned by Newtek Business Services Holdco 3, Inc. (a subsidiary of Newtek Business Services Corp.) and 49.87% owned by multiple non-affiliates.
(21) Zero cost basis is reflected as the portfolio company was organized by the Company and incurred internal legal costs to organize the entity and immaterial external filing fees which were expensed when incurred.
(22) All of the Company’s investments are in entities which are organized under the Laws of the United States and have a principal place of business in the United States.
151
See accompanying notes to consolidated financial statements.

(23) Non-qualifying asset under the Investment Company Act of 1940, as amended. Under the Investment Company Act of 1940, as amended, the Company may not acquire any non-qualifying assets unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. At September 30, 2021, 6.8% of total assets are non-qualifying assets.
(24) Newtek Technology Solutions, Inc. (“NTS”) is a wholly-owned portfolio company that provides website hosting, dedicated server hosting, cloud hosting, web design and development, internet marketing, ecommerce, data storage, backup and disaster recovery, and other related services; 100% owned by NBSH Holdings, LLC (a subsidiary of Newtek Business Services Holdco 1, Inc., a subsidiary of Newtek Business Services Corp.). International Professional Marketing, Inc. (“IPM”) and Sidco, LLC d/b/a Cloud Nine Services (“SIDCO”) were wholly-owned portfolio companies which consult, strategize, design, and implement technology solutions for enterprise and commercial clients across the U.S. On January 1, 2021, the Company contributed its ownership of IPM and SIDCO to NTS, and IPM and SIDCO became subsidiaries of NTS. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity. The Schedule of Investments shows SIDCO under NTS.

As of September 30, 2021, the federal tax cost of investments was $616.2 million resulting in estimated gross unrealized gains and losses of $162.4 million and $57.3 million, respectively.


152
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
M2 Lumber LLC (#) 110 Brick House Rd, Laurens, SC 29360 Wood Product Manufacturing Term Loan Prime plus 2.75% 12/31/2030 $ 11.3 $ 11.3 $ 10.3 — %
Inter-Insurance Agency Services, Ltd. and Universal Casualty Risk Ret (#) 380 N Broadway, Jericho, NY 11753 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 12/31/2030 691.5 691.5 583.2 0.17 %
LV Nails & SPA, LLC (#) 10050 S Eastern Ave, Henderson, NV 89052 Personal and Laundry Services Term Loan Prime plus 2.75% 12/31/2030 67.5 67.5 56.9 0.02 %
TNJ Products, Inc. (#) 4912 N Lincoln Ave, Ste 101, Chicago, IL 60625 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/31/2030 215.0 215.0 187.3 0.06 %
LEILA ZAMIRI, DDS, INC. (#) 5828 Cherry Ave., Long Beach, CA 90805 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/31/2030 75.0 75.0 76.2 0.02 %
Moran Tax & Accounting LLC (#) 128 N Franklin St, Brazil, IN 47834 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/31/2045 18.0 18.0 19.3 0.01 %
Tissue Plus LLC F/K/A Soft Touch Tissue &Paper, LLC (#) 491 Hammond St, Bangor, ME 4401 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/31/2045 350.0 350.0 393.9 0.12 %
Seven C's Manufacturing, Inc (#) 3895 Corsair St, Reno, NV 89502 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/31/2030 550.0 550.0 508.1 0.15 %
The Spot Bar & Restaurant LLC (#) 10540 State Rte 195, Killeen, TX 76542 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2045 87.5 87.5 91.1 0.03 %
Hawthorne Food Company dba Eastern Standard Provis (#) 117 Beaver St, Waltham, MA 2452 Food Manufacturing Term Loan Prime plus 2.75% 12/31/2030 875.0 875.0 739.1 0.22 %
Leila Zamiri, DDS, Inc (#) 5828 Cherry Ave, Long Beach, CA 90805 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/31/2045 156.3 156.3 175.9 0.05 %
Performance Online, Inc (#) 1550 Melissa Ct, Corona, CA 92879 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 12/30/2030 262.5 262.5 222.1 0.07 %
George Family Cremation and Burial LLC (#) 1260 W Mission Ave, Escondido, CA 92029 Personal and Laundry Services Term Loan Prime plus 2.75% 3/30/2031 102.3 102.3 91.6 0.03 %
Lightstat Inc. (#) 22 W West Hill Rd, Barkhamsted, CT 6063 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/30/2030 375.0 375.0 370.8 0.11 %
Eppy's Tool & Equipment Warehouse, Inc (#) 809 East 42nd St, Brooklyn, NY 11210 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/30/2030 261.0 261.0 220.2 0.06 %
Trident E&P, LLC (#) 320 Circle of Progress, Pottstown, PA 19464 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/30/2030 1,250.0 1,250.0 1,131.4 0.33 %
NDRS Construction Inc.dba Disaster (#) 18730 Cortez Blvd, Brooksville, FL 34601 Construction of Buildings Term Loan Prime plus 2.75% 12/30/2030 87.5 87.5 74.1 0.02 %
Shlama Two LLC dba Village Park Daycare (#) 7440 Broadway, Merrillville, IN 46410 Social Assistance Term Loan Prime plus 2.75% 12/30/2045 250.0 250.0 267.5 0.08 %
Educare Early Intervention, Corporation (#) 4557 S Calumet Ave, Chicago, IL 60653 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/30/2030 58.8 58.8 49.5 0.01 %
Bourque Sales and Service Inc. (#) 9160 Linwood Ave, Shevport, LA 71106 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/30/2045 143.0 143.0 160.9 0.05 %
Vacation Link of Florida, Inc., Island Vacation and Cruises, Inc (#) 501 N Wymore Rd, Winter Park, FL 32789 Administrative and Support Services Term Loan Prime plus 2.75% 12/30/2030 400.0 400.0 419.5 0.12 %
Petroleum Equipment & Services, Inc. (#) 5631 Silverado Way, Anchorage, AK 99518 Rental and Leasing Services Term Loan Prime plus 2.75% 12/30/2030 421.3 421.3 361.2 0.11 %
United Security Specialists, Inc. (#) 275 Saratoga Ave. Ste 200, Santa Clara, CA 95050 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/30/2030 116.5 116.5 98.3 0.03 %
153
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Bourque Sales and Service Inc (#) 9160 Linwood Ave, Shreveport, LA 71106 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/30/2045 145.8 145.8 164.0 0.05 %
Center of New England Primary Care Inc (#) 775 Center of New New England Blvd, Coventry, RI 2816 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/30/2045 421.8 421.8 474.8 0.14 %
Perfect Game Incorporated (#) 850 Twixt Town Rd NE, Cedar Rapids, IA 52402 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/30/2030 1,250.0 1,250.0 1,161.9 0.34 %
Real Estate Personnel, Inc., Tara Matta and Sara Pierce (#) 1758 Emerson St, Denver, CO 80218 Administrative and Support Services Term Loan Prime plus 2.75% 12/30/2030 1,000.0 1,000.0 843.5 0.25 %
Center of New England Primary Care Inc, North Providence Urgent Care (#) 775 Centre of New England Blvd, Coventry, RI 2816 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/30/2045 454.7 454.7 511.7 0.15 %
SDI Black 011, LLC (#) 1091 YONKERS AVE, YONKERS, NY 10704 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/30/2030 1,000.0 1,000.0 858.4 0.25 %
Bojax Auto Collision Inc (#) 4706 Fernlee Ave., Royal Oak, MI 48073 Repair and Maintenance Term Loan Prime plus 2.75% 12/29/2045 343.8 343.8 348.9 0.10 %
Khangri Sourcing Inc. (#) 6021 129th. Ave SE, Bellevue, WA 98006 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/29/2030 187.5 187.5 157.9 0.05 %
Litchy Electric L.L.C. (#) 4495 W Hacienda Ave, #2, Las Vegas, NV 89118 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/29/2030 100.0 100.0 86.0 0.03 %
The Mattress Center "LLC" (#) 960 Los Vallecitos Blvd, San Marcos, CA 92069 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/29/2030 22.5 22.5 18.9 0.01 %
E R Kilpatrick, LLC dba Jefferson Street True Value (#) 212 Greenwood St, La Grande, OR 97850 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/28/2030 143.8 143.8 126.0 0.04 %
Sondra Gayle Insurance Agency Inc. (#) 2107 Veterans Memorial Blvd, Metaire, LA 70002 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 12/24/2030 7.5 7.5 7.4 — %
Pittman Holdings LLC DBA Maple Bourbon (#) 1116 E Main St, Richmond, VA 23219 Food Services and Drinking Places Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.3 — %
Title2Land,LLC (#) 11851 Wentling Ave, Baton Rouge, LA 70816 Real Estate Term Loan Prime plus 2.75% 12/23/2045 112.5 112.5 126.5 0.04 %
Spectrum Dynamics, Inc dba Clean Water Works (#) 27727 Dalton Bluff Court, Katy, TX 77494 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.3 — %
Summerfield Farm, Inc (#) 24 Baker Rd, Pittstown, NJ 8867 Support Activities for Agriculture and Forestry Term Loan Prime plus 2.75% 12/23/2045 58.8 58.8 66.1 0.02 %
SLCP Transport, LLC (#) 111 Brentwood Drive, College Station, TX 77840 Repair and Maintenance Term Loan Prime plus 2.75% 12/23/2030 61.1 61.1 53.3 0.02 %
Terry A. Humphreys dba Tiki Torch Liquors (#) 101 Dallas St., Talihima, OK 74571 Food and Beverage Stores Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.3 — %
NetLevel5 LLC dba Moutain Air Duct (#) 4724 Poleplant Drive, Colorado Springs, CO 80918 Administrative and Support Services Term Loan Prime plus 2.75% 12/23/2030 16.2 16.2 14.1 — %
KCL Business Service Inc. (#) 1042 San Fernando Rd., San Fernando, CA 91340 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.3 — %
Southeastern Esthetics Institute, LLC and Pura Medical Spa, Corp, LLC (#) 1644 Main St Ste 1, Columbia, SC 29201 Educational Services Term Loan Prime plus 2.75% 12/23/2030 581.3 581.3 515.6 0.15 %
UBIF 86 CO dba UBREAKIFIX (#) 1539 Town Center Drive, Lakeland, FL 33803 Repair and Maintenance Term Loan Prime plus 2.75% 12/23/2030 57.3 57.3 48.2 0.01 %
154
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Chris' Angels Cleaning Service LLC (#) 2090 Dunwoody Club Drive, Sandy Springs, GA 30350 Administrative and Support Services Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.3 — %
ASIL Ventures, LLC (#) 444 N Michigan Ave, Ste 1200, Chicago, IL 60611 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/22/2030 4.3 4.3 4.2 — %
US Dedicated LLC (#) 13410 SE 26th Cir, Vancouver, WA 98683 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/22/2030 218.8 218.8 184.1 0.05 %
Price Educational Services, LLC dba Manthnasium of South OKC (#) 10740 S May Ave, Oklahoma City, OK 73170 Educational Services Term Loan Prime plus 2.75% 12/21/2030 8.4 8.4 7.4 — %
Lynch Mining LLC (#) 7262 West Hunt Hwy, Queen Creek, AZ 85142 Mining (except Oil and Gas) Term Loan Prime plus 2.75% 12/21/2045 364.5 364.5 383.0 0.11 %
N.W.F.F., Inc. (#) 687 E. Central Ave, Sutherlin, OR 97479 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2045 43.8 43.8 47.9 0.01 %
N.W.F.F., Inc. and Environmental Contracting Solutions, Inc. (#) 687 E Central Ave, Sutherlin, OR 97479 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2030 775.0 775.0 684.4 0.20 %
Tahzoo LLC (#) 1015 7th St NW, Washington, DC 20001 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2030 775.0 775.0 653.9 0.19 %
REST Enterprises Inc dba Upstyled Properties (#) 1440 W Taylor St Unit 595, Chicago, IL 60607 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2030 15.0 15.0 15.7 — %
Allied Molded Products, LLC, Clancy 15 LLC, and Crusader 5088, LLC (#) 1145 13th Ave East, Palmetto, FL 34221 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/18/2030 204.3 204.3 171.9 0.05 %
Code 3 Apps LLC. (#) 843 Tempted Ways Dr, Longmont, CO 80504 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 12/18/2030 7.5 7.5 6.3 — %
Katie Cox & Co. LLC (#) 6605 Longshore ST, Ste 240, Dublin, OH 43017 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2030 7.5 7.5 6.3 — %
RJL Texas International Corporation (#) 17401 Triton,, Schertz, TX 78154 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/18/2030 275.0 275.0 247.7 0.07 %
Neeld Rentals Inc dba Mills True Value Hardware (#) 205 Clinton Blvd, Clinton, MS 39056 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/18/2030 12.0 12.0 10.1 — %
AccountPics, LLC (#) 903 S WW White Rd, San Antonio, TX 78220 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2045 80.0 80.0 87.6 0.03 %
Yu Chun Chic Naeng Myun Restaurant Inc. (#) 1159 Kapiolani Blvd, Honolulu, HI 96814 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/18/2030 15.0 15.0 12.6 — %
Giant Development Inc and Crabtree Development Corp (#) 509 Pylon Dr, Ste 110, Raleigh, NC 27606 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/18/2030 1,250.0 1,250.0 1,101.2 0.32 %
Pumpkin Patch Child Care and Early Education Center, LLC (#) 310 Grove Beach Rd N, Westbrook, CT 6498 Social Assistance Term Loan Prime plus 2.75% 12/18/2045 115.0 115.0 123.0 0.04 %
Yinlink International Inc (#) 2 Corporate Drive, Suiite A, East Windsor, NJ 8512 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/18/2030 125.0 125.0 113.7 0.03 %
R. LInda D. Herrera and Edgar E Herrera dba Integral Delivery (#) 3100 Delaware Ave, Des Moines, IA 50313 Truck Transportation Term Loan Prime plus 2.75% 12/18/2045 225.0 225.0 241.4 0.07 %
Horne Chiropractic Center, P.A (#) 3820 Mountain Rd, Stes B & C, Pasadena, MD 21122 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/18/2030 100.0 100.0 84.2 0.02 %
155
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Last Touch LLC (#) 927 E 10th St, Fairmont, MN 56031 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/18/2045 51.8 51.8 58.2 0.02 %
Splashlight Photographic & Digital Studios LLC ,Splashlight Technologies (#) 75 Varick St, 3rd Floor, New York, NY 10013 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2030 1,250.0 1,250.0 1,060.4 0.31 %
People United of Louisiana LLC (#) 1401 Hudson Lane, Monroe, LA 71201 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/18/2030 150.0 150.0 132.8 0.04 %
Flower City Customs Inc. (#) 1805 Tebor Rd, Unit 4, Webster, NY 14580 Repair and Maintenance Term Loan Prime plus 2.75% 12/17/2030 10.5 10.5 8.8 — %
Anthony Connelly Holdings LLC (#) 7260 Dean Martin Drive, Ste 800, Las Vegas, NV 89118 Nonstore Retailers Term Loan Prime plus 2.75% 12/17/2030 250.0 250.0 210.4 0.06 %
Carolina Roofing Siding Painting LLC (#) 204 Depot St, Camponbello, SC 29322 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/17/2045 15.0 15.0 15.8 — %
Savannah Area Language & Culture Exchange, LLC (#) 6 Dovetail Crossing, Savannah, GA 31419 Educational Services Term Loan Prime plus 6.5% 12/16/2030 12.5 12.5 12.3 — %
David M. Benson LLC (#) 1422 Euclid Ave, Cleveland, OH 44115 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/16/2030 12.5 12.5 12.3 — %
Signature Graphic LLC (#) 14425 N 79th St, Ste B, Scottsdale, AZ 85260 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/16/2030 85.0 85.0 71.6 0.02 %
McFarlin, LLP (#) 4 Park Plz Ste 1025, Irvine, CA 92614 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/16/2030 175.0 175.0 147.3 0.04 %
Highstar Travel Group, LLC (#) 2869 Wilshire Drive, Ste 204, Orlando, FL 32835 Administrative and Support Services Term Loan Prime plus 2.75% 12/16/2030 22.5 22.5 18.9 0.01 %
Vege Investments, LLC dba Sunoco Homestead (#) 26400 SW 177th Ave, Homestead, FL 33031 Gasoline Stations Term Loan Prime plus 6.5% 12/16/2030 12.5 12.5 12.3 — %
Last Minute Effects Inc. (#) 1016 Hamline Place, Burbank, CA 91504 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 12/15/2030 15.0 15.0 13.0 — %
Droplette Marketing Co (#) 6481 Orangethorpe Ave. Ste. 12, Buena Park, CA 90620 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/14/2030 6.8 6.8 6.1 — %
Vector Utilities LLC (#) 8501 San Gabriel Drive, Laredo, TX 78045 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/14/2030 375.0 375.0 358.5 0.11 %
Efficient, Fast & Good Cleaning Services Inc (#) 2444 NW 177th Terrace, Miami Gardens, FL 33056 Administrative and Support Services Term Loan Prime plus 2.75% 12/14/2030 7.5 7.5 6.6 — %
Corple Enterprisees Inc (#) 17887 US Hwy 380 West, Ponder, TX 76259 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 12/14/2030 62.5 62.5 53.0 0.02 %
Accommodating Financial & Tax Services, LLC (#) 1642 Ralston Circle, Toledo, OH 43623 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/14/2045 42.3 42.3 46.5 0.01 %
Aeromax Industries Inc (#) 1310 Ranchers Legacy Trail, Fort Worth, TX 76126 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 12/14/2030 175.0 175.0 147.3 0.04 %
Jamali LLC dba Saahten (#) 2741 Raceway Fairfield West, Pensacola, FL 32505 Food Services and Drinking Places Term Loan Prime plus 6.5% 12/11/2030 12.5 12.5 12.3 — %
TJ Pant LLC and Tailored Cartage LLC (#) 25993 US 12, Sturgis, MI 49091 Truck Transportation Term Loan Prime plus 2.75% 12/11/2030 86.3 86.3 84.1 0.02 %
Premium Marketing Co. Inc. dba Vera Moore Cosmetics (#) 4 Shadow Lane, Woodbury, NY 11797 Health and Personal Care Stores Term Loan Prime plus 2.75% 12/11/2030 22.5 22.5 19.4 0.01 %
156
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Shattered Prism LLC (#) 3333 Broadway, New York, NY 10031 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 12/11/2030 7.5 7.5 7.9 — %
Donald W. Harris dba Bowman Creek Mini Storage (#) 1625 US-59 N, Linden, TX 75563 Warehousing and Storage Term Loan Prime plus 6.5% 12/11/2030 12.5 12.5 12.3 — %
LTD Broadband, LLC (#) 69 Teahouse St, Las Vegas, NV 89138 Telecommunications Term Loan Prime plus 2.75% 12/10/2030 1,250.0 1,250.0 1,138.4 0.34 %
Just In Time Refrigeration LLC (#) 6400 EDNA TAYLOR PKWY, MONONA, WI 53716 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/10/2045 233.0 233.0 239.9 0.07 %
Inner Beauty Salon and Suite LLC (#) 825 Beecher St SW, Atlanta, GA 30310 Personal and Laundry Services Term Loan Prime plus 2.75% 12/10/2045 65.0 65.0 73.1 0.02 %
M-Den, Inc (#) 315 S. Main St, Ann Arbor, MI 48104 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 12/10/2030 1,150.0 1,150.0 1,106.1 0.33 %
LBR Partners LLC dba Techy (#) 16430 Good Hearth Blouvard, Clermont, FL 34711 Repair and Maintenance Term Loan Prime plus 2.75% 12/9/2030 45.0 45.0 38.0 0.01 %
HWH Unlimited, Inc. (#) 43386 Business Park Drive, Temecula, CA 92590 Real Estate Term Loan Prime plus 2.75% 12/9/2030 75.0 75.0 78.5 0.02 %
Zebra House Coffee, LLC (#) 1001 S El Camino Real, San Clemente, CA 92672 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/9/2030 45.0 45.0 37.9 0.01 %
Tortuga Backpacks LLC (#) 340 South Lemon Ave, 7616, Walnut, CA 91789 Nonstore Retailers Term Loan Prime plus 2.75% 12/8/2030 50.0 50.0 42.1 0.01 %
CashLine Solutions, LLC (#) 467741 E 1050 Rd, Sallisaw, OK 74955 Administrative and Support Services Term Loan Prime plus 2.75% 12/7/2030 12.0 12.0 10.1 — %
Northeast Coverages Inc. and Southeast Coverages Inc. (#) 910 Franklin Ave, Ste 210, Garden City, NY 11530 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 12/7/2030 170.0 170.0 178.0 0.05 %
Travel with Love, LLC dba Style & The Storyteller (#) 8465 W Sahara Ave, Ste 111, Las Vegas, NV 89117 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/4/2030 5.0 5.0 4.9 — %
Robert F. Johnson, Jr., dba R. Johnson Craftsmanship (#) 346 Spring Garden Rd, Milford, NJ 8848 Specialty Trade Contractors Term Loan Prime plus 6.5% 12/4/2030 10.0 10.0 9.8 — %
Paradise RV Sales and Rentals LLC (#) 7960 Dorchester Rd, North Charleston, SC 29418 Rental and Leasing Services Term Loan Prime plus 2.75% 12/4/2030 6.9 6.9 5.8 — %
Combs Creative LLC (#) 157 Antler Ridge Circle,, Nashville, TN 37214 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/4/2030 5.5 5.5 5.4 — %
Perez Law Office, PLLC (#) 80 N McClintock Dr, Chandler,, AZ 85226 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/4/2045 67.5 67.5 75.9 0.02 %
Indecon Builders Inc (#) 1382 Valencia Ave, Ste N, Tustin, CA 92780 Construction of Buildings Term Loan Prime plus 2.75% 12/4/2030 50.0 50.0 42.1 0.01 %
Pacific Contours Corp (#) 5340 E Hunter Ave, Anaheim, CA 92807 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 12/4/2030 975.0 975.0 988.5 0.29 %
SME Business Services LLC (#) 930 Chesaco Ave, Rosedale, MD 21237 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/3/2030 22.5 22.5 18.9 0.01 %
Tina D. Coker DBA Diane's Accounting Service (#) 119 E Haywood St, England, AR 72046 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/3/2030 12.5 12.5 12.3 — %
Moxie Marketing, LLC (#) 51 Lee Dr, Palm Coast, FL 32137 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/3/2030 125.0 125.0 105.2 0.03 %
157
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Staffhink Limited dba Owl Drone Services (#) 4283 Deerfield Hills Rd, Colorado Springs, CO 80916 Data Processing, Hosting, and Related Services Term Loan Prime plus 2.75% 12/3/2030 5.3 5.3 4.9 — %
American Retail Properties, Inc. (#) 125 Main St 2nd Floor, Reading, MA 1867 Real Estate Term Loan Prime plus 2.75% 11/30/2030 22.5 22.5 19.0 0.01 %
Jonathan J Klaczik LLC dba Veterans Fence Company (#) 7417 Dover Lane, Parma, OH 44130 Personal and Laundry Services Term Loan Prime plus 2.75% 11/27/2030 22.5 22.5 20.2 0.01 %
Segreti Law Office, A Professional Corporation (#) 350 10th Ave,Ste 1000, San Diego, CA 92101 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/27/2030 18.8 18.8 15.9 — %
Hartley S Johnson & Son, Inc. dba Mark T. Wendell Tea (#) 14a Craig Rd, Acton, MA 1720 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/27/2030 40.0 40.0 34.0 0.01 %
LIAISON STAINLESS INC (#) 630 James Lee Dr NW, Suwanee, GA 30024 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/25/2030 75.0 75.0 63.1 0.02 %
The Alder SmokeHouse LLC (#) 1055 Virginia Ave, North Bend, OR 97459 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/25/2030 11.3 11.3 11.8 — %
Flex Beauty Labs, LLC (#) 7512 Dr. Phillip Blvd, Orlando, FL 32819 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 6.5% 11/24/2030 12.5 12.5 12.3 — %
Ellis Apex LLC dba Inage360 Marietta (#) 2060 Franklin Way SE, Ste 150, Marietta, GA 30067 Printing and Related Support Activities Term Loan Prime plus 2.75% 11/24/2030 92.3 92.3 78.1 0.02 %
Next Level Detailing, LLC (#) 3235 Odeon Way, Ste 201-203, Acworth, GA 30102 Repair and Maintenance Term Loan Prime plus 2.75% 11/24/2030 7.5 7.5 6.3 — %
Dearly LOved Counseling, L.L.C (#) 14052 N Dale Mabry Hwy, Ste 215, Tampa, FL 33618 Social Assistance Term Loan Prime plus 6.5% 11/24/2030 12.5 12.5 12.3 — %
Kendra Leigh Boyer, CPA (#) 5068 Dupont Court E, Santa Rosa, CA 95409 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 11/20/2030 12.5 12.5 12.3 — %
Craniologie, LLC (#) 225 Wall St, Ste 102A, Vail, CO 81657 General Merchandise Stores Term Loan Prime plus 6.5% 11/20/2030 12.5 12.5 12.3 — %
Thompson Enterprises of Florida LLC dba TCBY FROZEN YOGURT (#) 14543 SW 5th St, Pembroke Pines, FL 33027 Food and Beverage Stores Term Loan Prime plus 2.75% 11/20/2030 14.7 14.7 12.4 — %
Prosperity Tool, Inc (#) 2006 National Guard Drive, Plant City, FL 33563 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/19/2045 300.0 300.0 335.4 0.10 %
Green Farm Inc dba Farmers Outlet (#) 1018 W SR 424 Ste 100, Longwood, FL 32750 Food and Beverage Stores Term Loan Prime plus 6.5% 11/19/2030 12.5 12.5 12.3 — %
The Number Masters (#) 3325 Highland St, Grove City, OH 43123 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/18/2030 17.4 17.4 14.6 — %
Italian Heritage Tile and Stone Inc (#) 4725 Morgan Territory Rd, Clayton, CA 94517 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/18/2030 78.8 78.8 66.3 0.02 %
T.S.I.-VA, LLC and Alpha Business Services Inc. (#) 2525 Pointe Center Court, Ste 200, Dumfries, VA 22026 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/17/2030 109.5 109.5 92.2 0.03 %
Master Printing and Signs Corp & Artishirt Co. (#) 386 Squire Rd, Revere, MA 2151 Printing and Related Support Activities Term Loan Prime plus 2.75% 11/10/2045 200.9 200.9 218.5 0.06 %
Modutech Marine Inc (#) 2218 Marine View Drive, Tacoma, WA 98422 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 11/9/2030 400.0 400.0 418.9 0.12 %
Paws For Health of Florida LLC (#) 4588 Ashton Rd, Sarasota, FL 34233 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/5/2030 57.5 57.5 48.5 0.01 %
158
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Protek Pest Control Inc, Protek Nurseries LLC & Protek Irrigation LLC (#) 8712 60th Terrace South, Lake Worth, FL 33467 Administrative and Support Services Term Loan Prime plus 2.75% 11/4/2030 52.5 52.5 46.1 0.01 %
GoodGuyS Enterprises Inc dba Goodguys;Good Guy Enterprises;Good Guys (#) 1071 Serpentine Lane, Pleasanton, CA 94566 Administrative and Support Services Term Loan Prime plus 2.75% 11/4/2030 500.0 500.0 523.6 0.15 %
Supersonic Cleaning Services Inc (#) 36 Seitz Terrace, Arlington, NY 12603 Administrative and Support Services Term Loan Prime plus 2.75% 10/29/2030 38.5 38.5 33.0 0.01 %
Third Day Lubes, Inc. (#) 450 GA- 53, Calhoun, GA 30701 Repair and Maintenance Term Loan Prime plus 2.75% 10/28/2030 22.4 22.4 23.4 0.01 %
Marcus Horn dba Versatile Styles and Cuts (#) 2018 24th Ave, Meridian, MS 39301 Personal and Laundry Services Term Loan Prime plus 2.75% 10/15/2045 10.5 10.5 11.2 — %
RYAN & CONLON, LLP (#) 2 Wall St, Apt 710, New York, NY 10005 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/14/2030 521.8 521.8 439.2 0.13 %
Shades of U, Inc. dba Diva by Cindy (#) 15212 Hanover Pike, Upperco, MD 21155 Health and Personal Care Stores Term Loan Prime plus 2.75% 10/9/2045 89.9 89.9 96.4 0.03 %
Snow Lodge, LLC (#) 115 County Rd 725, Sweeny, TX 77480 Accommodation Term Loan Prime plus 2.75% 10/8/2045 49.9 49.9 55.1 0.02 %
VIP Lawn Care Services LLC dba VIP Services (#) 3875 Fay Blvd, Cocoa, FL 32927 Administrative and Support Services Term Loan Prime plus 2.75% 10/8/2030 18.9 18.9 16.1 — %
KTF Consulting Corp (#) 2471 N Geneva Terrace, Chicago, IL 60614 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/6/2030 74.5 74.5 78.1 0.02 %
The Hall at the Yard LLC dba The Hall on the Yard (#) 1412 Alden Rd, Orlando, FL 32803 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/2/2031 253.9 253.9 218.2 0.06 %
Hazleton Oil & Environmental, Inc (#) 300 Tamaqua St, Hazleton, PA 18201 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/25/2045 1,081.9 1,081.9 1,203.3 0.35 %
South Park Hardware, LLC (#) 16074 South Park Ave, South Holland, IL 60473 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 9/25/2045 73.8 73.8 83.0 0.02 %
7PSolutions, LLC (#) 136 North Van Buren St, Nashville, IN 47448 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/25/2030 49.4 49.4 41.8 0.01 %
Babys on Broadway LLC (#) 47 East Broadway, Little Falls, MN 56345 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 9/25/2030 74.1 74.1 63.8 0.02 %
Blakeslee Arpaia Chapman, Inc and Chapman Construction Services, LLC (#) 200 North Branford Rd, Branford, CT 6405 Construction of Buildings Term Loan Prime plus 2.75% 9/24/2030 370.4 370.4 358.2 0.11 %
Resolve Tech Solutions Inc (#) 15851 Dallas Pkwy, Ste 1103, Addison, TX 75001 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/24/2030 741.0 741.0 674.5 0.20 %
BulkMore LLC (#) 12741 Ocean Gateway, Ocean City, MD 21842 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/18/2030 149.1 149.1 130.2 0.04 %
Mister Dexters LTD dba Shuga's (#) 702 S. Cascade Ave, Colorado Springs, CO 80903 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/28/2045 57.3 57.3 60.9 0.02 %
Mister Dexters LTD dba Shuga's (#) 702 S Cascade Ave, Colorado Springs, CO 80903 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/28/2030 180.4 180.4 151.6 0.04 %
Heriz Gallery Inc dba Pineville Rug Gallery (#) 312 Main St, Pineville, NC 28134 Textile Product Mills Term Loan Prime plus 2.75% 4/6/2045 98.6 98.6 105.8 0.03 %
Alliance Heating & Air Conditioning, Inc. (#) 10 Brookfield Ave, Bridgeport, CT 6610 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/6/2030 726.1 726.1 607.0 0.18 %
159
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Terry and Tammy Jacobsen, Inc dba Appliance Recycling (#) 10105 Airport Way, Snohomish, WA 98296 Electronics and Appliance Stores Term Loan Prime plus 2.75% 4/3/2030 325.1 325.1 270.4 0.08 %
Terry & Tammy Jacobsen, Inc.dba Appliance Recycling Outlet (#) 10105 Airport Way, Snohomish, WA 98296 Electronics and Appliance Stores Term Loan Prime plus 2.75% 4/3/2045 839.8 839.8 863.0 0.25 %
Profit Stewards, LLC (#) 458 Schuylkill Rd, Phoenixville, PA 19460 Repair and Maintenance Term Loan Prime plus 2.75% 4/2/2030 41.7 41.7 35.7 0.01 %
AOC Key Solutions, Inc (#) 14420 Albemarle Point Place, Ste 200, Chantilly, VA 20151 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/2/2030 722.5 722.5 670.3 0.20 %
Caplan Home Care, LLC (#) 6029 Berkshire Lane, Dallas, TX 75225 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/1/2045 868.5 868.5 906.8 0.27 %
JS Randhawa, Inc. dba Deli Delicious 34, SK Randhawa Inc. HSR Inc (#) 570 W Olive Ave,, Merced, CA 95348 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/31/2030 95.0 95.0 85.5 0.03 %
Montana Custom Log Homes, Inc. (#) 2036 US Hwy 93 North, Victor, MT 59875 Wood Product Manufacturing Term Loan Prime plus 2.75% 3/31/2045 361.8 361.8 397.7 0.12 %
Blackwater Diving LLC (#) 112 Forrest Rd, Morgan City, LA 70380 Support Activities for Mining Term Loan Prime plus 2.75% 3/30/2030 352.0 352.0 311.0 0.09 %
Suburban Transmission of Northern Illinois, Inc. (#) 1714 E Oakton St, Des Plaines, IL 60018 Repair and Maintenance Term Loan Prime plus 2.75% 3/27/2045 148.2 148.2 163.7 0.05 %
Tomco Inc. dba Rental City dba Tomco Equiptment Sales (#) 6470 State St, Saginaw, MI 48603 Rental and Leasing Services Term Loan Prime plus 2.75% 3/27/2030 21.4 21.4 17.7 0.01 %
Dunaway and Hart, Inc (#) 575 Harkrider St, Conway, AR 72032 Real Estate Term Loan Prime plus 2.75% 3/26/2030 47.5 47.5 39.4 0.01 %
Supermarket Source, Inc (#) 2741 West 76th St, Hialeah, FL 33016 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/24/2030 201.9 201.9 209.7 0.06 %
Kris-Leigh Catered Living at Severna Park,LLC (#) 831 Richie Hwy, Severna Park, MD 21146 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 3/20/2030 504.3 504.3 523.9 0.15 %
Patoruzu Inc dba Sharkey's Cuts for Kids (#) 18121 Tuckerton Rd, Ste 130, Cypress, TX 77433 Personal and Laundry Services Term Loan Prime plus 2.75% 6/20/2030 12.9 12.9 10.8 — %
Firefly Developement LLC dba Firefly Earthworks (#) 4810 Vicksburg St, Dallas, TX 75207 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/19/2045 294.9 294.9 299.1 0.09 %
Coffeestamp LLC (#) 2511 S Jefferson Ave, St. Louis, MO 63104 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/17/2030 4.3 4.3 3.9 — %
Mid Ohio Hospitality, LLC dba Bucks Bar and Grill (#) 192 E Main St, Mansfield, OH 44904 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/17/2045 226.5 226.5 252.9 0.07 %
Forest Scientific Corporation (#) 668 Elm St, Tionesta, PA 16353 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/17/2030 71.2 71.2 74.0 0.02 %
Kanga Lean, Inc. dba F45 Training Trinity (#) 3139 Little Rd Space A-5, Trinity, FL 34655 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/16/2030 55.0 55.0 48.0 0.01 %
Integrated Equipment Inc; Intergrated Elastomers Inc (#) 5701 Brittmoore Rd, Houston, TX 77041 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/13/2045 1,238.7 1,238.7 1,383.1 0.41 %
Stretch of NW Georgia, LLC dba Stretch Zone (#) 1430 Towne Lake Parkway, Ste 26100, Woodstock, GA 30189 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/13/2030 14.0 14.0 11.6 — %
Signet Media dba Signet Media inc. (#) 630 S 1st St, San Jose, CA 95113 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/13/2030 327.5 327.5 340.2 0.10 %
160
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Astoria-Pacific Inc (#) 15130 SE 82nd Dr, Clackamas, OR 97015 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 3/13/2030 118.7 118.7 123.4 0.04 %
Mark Allen Taylor dba Taylor Auction (#) 20 & 68 Westfield Rd, Nicholls, GA 31554 Personal and Laundry Services Term Loan Prime plus 2.75% 3/13/2030 132.0 132.0 116.9 0.03 %
Rapid Trucking and (#) 4225 W Capitol Ave, West Sacramento, CA 95691 Truck Transportation Term Loan Prime plus 2.75% 3/13/2045 753.2 753.2 841.1 0.25 %
Native Fields Landscaping LLC and My Two Girls LLC (#) 73 Taylor Rd, Wharton, NJ 7885 Administrative and Support Services Term Loan Prime plus 2.75% 12/13/2045 531.3 531.3 547.7 0.16 %
GQ Investments LLC (#) 5772 Miami Lakes Drive, Miami Lakes, FL 33014 Electrical Equipment, Appliance, and Component Manufacturing Term Loan Prime plus 2.75% 3/12/2030 142.5 142.5 118.3 0.03 %
C3 Capital, Inc (#) 10010 North Hampton Cove Lane, Indianapolis, IN 46236 Nonstore Retailers Term Loan Prime plus 2.75% 3/11/2030 537.9 537.9 531.4 0.16 %
Quarles Service Systems, Inc. (#) 1740 September Ave, Memphis, TN 38116 Administrative and Support Services Term Loan Prime plus 2.75% 3/10/2045 95.0 95.0 99.7 0.03 %
Blue Dot Trading Inc (#) 3100 NW 72nd Ave, Miami, FL 33122 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/10/2030 53.4 53.4 44.4 0.01 %
The Ugly Mug's Coffee and Tea Inc. (#) 1390 Broadway Ste C, Placerville, CA 95667 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/9/2030 36.2 36.2 30.1 0.01 %
Peter & Suzanne Scott, Inc., Phillip Showen & Bryan Phelan (#) 2342 NY- 37, Port Covington, NY 12937 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/6/2030 133.0 133.0 130.4 0.04 %
KR Enterprises, Inc. dba Carriage Inn (#) 1065 Tower Hill Rd, North Kingstown, RI 2852 Accommodation Term Loan Prime plus 2.75% 3/6/2045 316.1 316.1 328.2 0.10 %
Outcome Driven Innovation dba Spracht; Celltek, ODI, ODI Security (#) 974 Commercial St, Palo Alto, CA 94303 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/6/2030 364.3 364.3 302.4 0.09 %
Advans IT Services, Inc. (#) 65 Boston Post Rd W Ste 390, Marlborough, MA 1752 Other Information Services Term Loan Prime plus 2.75% 3/6/2030 118.1 118.1 98.1 0.03 %
Big Brand Management LTD. CO. dba Ivox Media (#) 512 E 11th St, Houston, TX 77008 Real Estate Term Loan Prime plus 2.75% 3/6/2030 63.0 63.0 59.4 0.02 %
Minifox Inc. dba Pho Hoa and Jazen Tea (#) 10624 South Eastern Ave Stes R & S, Hendersen, NV 89502 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/5/2030 71.2 71.2 60.2 0.02 %
Jones Roger Sherman Inn, Inc. dba Jones Roger Sherman Inn (#) 195 Oenoke Ridge, New Canaan, CT 6840 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/4/2030 28.8 28.8 29.9 0.01 %
Chet Lemon Enterprises, Inc. dba All American Sports (#) 1544 Lane Park Cut off, Tavares, FL 32778 Personal and Laundry Services Term Loan Prime plus 2.75% 3/3/2031 207.3 207.3 216.7 0.06 %
14th State Learning, LLC dba Sylvan Learning, LLC (#) 1 Market Pl #10, Essex Junction, VA 5452 Educational Services Term Loan Prime plus 2.75% 3/2/2030 48.3 48.3 40.6 0.01 %
LCSM Logistics Inc (#) 15735 Spectrum Drive, Addison, TX 75001 Couriers and Messengers Term Loan Prime plus 2.75% 2/28/2030 80.2 80.2 66.6 0.02 %
Toju Bay Inc. dba Fiesta Americana Restaurand and Club (#) 1622-1624 N. Mannheim Rd, Stone Park, IL 60165 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2045 450.0 450.0 489.2 0.14 %
Custom Garages (#) 110 2nd Ave South, Pacheco, CA 94553 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/28/2030 131.0 131.0 113.8 0.03 %
161
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Breakers Electric, LLC dba Merrill Sports (#) 13600 Mustang Drive, Mead, CO 80542 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/27/2030 9.9 9.9 8.2 — %
Crux Solutions LLC dba Waddell's Riverside Funeral Directors (#) 6938 Westover St, Houston, TX 77087 Personal and Laundry Services Term Loan Prime plus 2.75% 2/27/2045 79.9 79.9 85.0 0.03 %
GRSC, Inc. (#) 1643 NW Dove Ct, Stuart, FL 34994 Construction of Buildings Term Loan Prime plus 2.75% 2/27/2030 21.2 21.2 19.0 0.01 %
Feras Alshadaida dba Allura Dairy (#) 8809 N Grove Ave, Rancho Cucamonga, CA 91730 Food and Beverage Stores Term Loan Prime plus 2.75% 2/26/2030 57.1 57.1 49.4 0.01 %
M & L ENTERPRIZES, LLC (#) 2401 Wrightsville Ave, Wilmington, NC 28403 Food and Beverage Stores Term Loan Prime plus 2.75% 2/26/2030 47.1 47.1 49.0 0.01 %
Abe Chahrour Investment, LLC (#) 4001 S Wayne Rd, Wayne, MI 48154 Administrative and Support Services Term Loan Prime plus 2.75% 2/25/2045 21.9 21.9 24.4 0.01 %
Bora Enterprises, LLC (#) 44255-B Fremont Blvd,, Fremont, CA 94538 Truck Transportation Term Loan Prime plus 2.75% 2/21/2030 12.0 12.0 10.0 — %
Skimino Enterprises LLC (#) 197 Ewell Rd, Williamsburg, VA 23188 Support Activities for Transportation Term Loan Prime plus 2.75% 2/21/2030 70.7 70.7 58.8 0.02 %
Bell Oak LLC dba Bell Oak Academy & Paradise Strategics LLC (#) 7215 Waelti Drive, Melbourne, FL 32940 Social Assistance Term Loan Prime plus 2.75% 2/21/2045 374.1 374.1 376.7 0.11 %
Sherwood Sporthorses Inc. (#) 20502 Forestview, Magnolia, TX 77355 Personal and Laundry Services Term Loan Prime plus 2.75% 5/21/2046 205.3 205.3 229.6 0.07 %
Alex Roit Chiropractic, P. C (#) 55 Northern Blvd, Ste 103, Great Neck, NY 11021 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/19/2030 18.8 18.8 15.6 — %
Little Feet Academy of Jacksonville, LLC (#) 10265 Normandy Blvd, Jacksonville, FL 32221 Social Assistance Term Loan Prime plus 2.75% 2/17/2045 46.6 46.6 47.8 0.01 %
Romo Medical Equiptment LLC (#) 3453 North Panam Expressway, San Antonio, TX 78219 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 2/14/2030 471.5 471.5 391.4 0.12 %
All Modes Transportation & Logistics LLC (#) 4313 Collingtree Drive, Rockledge, FL 32955 Support Activities for Transportation Term Loan Prime plus 6.5% 2/14/2030 11.9 11.9 11.4 — %
Lesher Transportation and Shipping, LLC (#) 116 North Austin St, Oak Grove, MO 64075 Truck Transportation Term Loan Prime plus 2.75% 2/13/2030 13.5 13.5 12.8 — %
Red Rock Government Serviice, LLC (#) 45240 Business Court, Sterling, VA 20166 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/13/2030 161.7 161.7 149.2 0.04 %
Shaw, Ltd dba Fitness 1440 North Coventry (#) 54-58 Glocker Way, Pottstown, PA 19465 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/13/2030 57.3 57.3 50.3 0.01 %
Damiano Global Corp. (#) 333 Birch Hills Dr, Rochester, NY 14622 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/10/2030 47.1 47.1 39.1 0.01 %
Fortson Janitorial Inc (#) 462-482 Chattahoochee St, Cornelia, GA 30531 Nonstore Retailers Term Loan Prime plus 2.75% 2/5/2045 106.0 106.0 118.4 0.03 %
2'N1 Home and lawn LLC dba N1 Home an Lawn LLC (#) 1300 Ridenour Blvd, Kennesaw, GA 30152 Administrative and Support Services Term Loan Prime plus 6.5% 2/3/2030 11.9 11.9 11.4 — %
A1 Radon Services, LLC (#) 9980 Dell Rd, Eden Prairie, MN 55347 Waste Management and Remediation Services Term Loan Prime plus 2.75% 1/31/2030 84.1 84.1 69.8 0.02 %
Thisaflycloset, LC (#) 12408 Kingsview St, Bowie, MD 20721 Clothing and Clothing Accessories Stores Term Loan Prime plus 6.5% 1/30/2030 11.8 11.8 11.3 — %
162
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Adorable Home Heath Care LLC (#) 6110 W Capitol Drive, Milwaukee, WI 53216 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/30/2030 39.4 39.4 32.7 0.01 %
3 Fat Labs Inc. and Energy Conservation Solution Inc. (#) 2001 S County Rd 400 W, Greencastle, IN 46135 Rental and Leasing Services Term Loan Prime plus 2.75% 1/30/2045 277.0 277.0 286.9 0.08 %
AA WST LLC (#) 321 White Dogwood Lane, Ocoee, FL 34761 Nonstore Retailers Term Loan Prime plus 2.75% 1/30/2030 20.8 20.8 19.1 0.01 %
Daftarnow Inc dba Venture X Parsippany (#) 8 Campus Drive. Ste 105, Parsippany, NJ 7054 Real Estate Term Loan Prime plus 2.75% 7/30/2030 181.8 181.8 151.5 0.04 %
Spinnaker PSL Inc., Spinnaker Subs- N-Shine& Spinnaker Vero Inc (#) 6967 Hancock Drive, Port St Lucie, FL 34952 Printing and Related Support Activities Term Loan Prime plus 2.75% 1/30/2045 312.2 312.2 317.2 0.09 %
Codame Enterprises LLC dba Firehouse Subs (#) 1547 Main St, Dunedin, FL 34698 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/29/2030 99.1 99.1 82.3 0.02 %
Havana Knights LLC (#) 65 Lindsey Lane, Havana, FL 32333 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/27/2030 37.0 37.0 33.3 0.01 %
Amina Financial Solutions LLC dba Expat Tax Solutions (#) 1433 Chestnut St, Macon, GA 31201 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/24/2030 19.7 19.7 16.3 — %
Affinity Integrated Solutions Inc. (#) 115 Pomona Drive, Greensboro, NC 27402 Administrative and Support Services Term Loan Prime plus 2.75% 1/23/2045 295.5 295.5 305.8 0.09 %
Affinity Integrated Solutions Inc (#) 115 Pomona Drive, Greensboro, NC 27407 Administrative and Support Services Term Loan Prime plus 2.75% 1/23/2030 210.8 210.8 175.0 0.05 %
Align Sports Management, LLC (#) 15822 Caminito Cantaras, Del Mar, CA 92014 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 1/22/2030 21.1 21.1 17.6 0.01 %
Emmalina LLC (#) 3602 Rock Bay Drive, Louisville, KY 40245 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/21/2030 6.2 6.2 5.8 — %
Motorsport Imagery, Inc (#) 16362 Cherokee Rd, Brooksville, FL 34601 Apparel Manufacturing Term Loan Prime plus 2.75% 1/17/2030 21.1 21.1 18.8 0.01 %
Lyon Cubs LLC dba Dayton Valley Learning Center (#) 357 Dayton Valley Rd, Dayton, NV 89403 Social Assistance Term Loan Prime plus 2.75% 1/16/2045 165.3 165.3 171.6 0.05 %
VetMed LLC (#) 908 4th Ave, Decatur, AL 35601 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/10/2030 82.0 82.0 68.1 0.02 %
Jordi X Kellogg, M.D.,P.C (#) 9200 SE 91st Ave STE 340, Happy Valley, OR 97086 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/10/2030 58.6 58.6 48.6 0.01 %
Luster Custom Homes LLC (#) 18801 North Thompson Peak Parkway, Ste 240, Scottsdale, AZ 85255 Construction of Buildings Term Loan Prime plus 2.75% 1/10/2030 43.3 43.3 36.0 0.01 %
CV Flores LLC dba A All Animal Control (#) 2140 E Southlake Blvd L-503, Southlake, TX 76092 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/9/2030 5.2 5.2 4.5 — %
Global Information Technology, Inc (#) 1 Cragwood Rd, Ste 101, South Plainfield, NJ 7080 Administrative and Support Services Term Loan Prime plus 2.75% 12/31/2029 528.3 528.3 438.6 0.13 %
Nick's Country Kitchen, LLC (#) 3 Flanders Rd, Bethlehem, CT 6751 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2044 282.8 282.8 298.0 0.09 %
Bearwaters Brewing Company (#) 101 Park St, Canton, NC 28716 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2044 253.3 253.3 273.0 0.08 %
Pecos Entertainment LLC dba State Theater (#) 421 South Oak St, Pecos, TX 79772 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 12/31/2029 123.6 123.6 128.4 0.04 %
163
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Kwik Stop dba Dilpreet Hundai (#) 1001 Sacramento Ave, West Sacramento, CA 95605 Gasoline Stations Term Loan Prime plus 2.75% 12/30/2044 238.0 238.0 245.0 0.07 %
Jauchem & Meeh Inc.dba Gregory Meeh Design;Jermy Chernick Design (#) 524 Sackett St, Brooklyn, NY 11217 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/30/2029 256.0 256.0 239.7 0.07 %
VIP Construction Group Inc. (#) 3332 W Mulberry Drive, Mequon, WI 53092 Construction of Buildings Term Loan Prime plus 2.75% 12/30/2029 58.2 58.2 60.4 0.02 %
Kiddie Garden Child Development Center, LLC (#) 2809 W. Atkinson Ave, Milwaukee, WI 53209 Social Assistance Term Loan Prime plus 2.75% 12/30/2044 42.3 42.3 45.6 0.01 %
Spinnaker Vero Inc. (#) 983 12th St, Vero Beach, FL 32960 Printing and Related Support Activities Term Loan Prime plus 2.75% 12/30/2044 775.8 775.8 779.8 0.23 %
Larry J. Frick dba L & S Trucking (#) 157571 E Wausau Ave, Wausau, WI 54403 Truck Transportation Term Loan Prime plus 2.75% 12/30/2029 46.1 46.1 41.4 0.01 %
Home Decor Liquidators, LLC dba Home Decor Outlets;Home Decor Mattress (#) 8780 Pershall Rd, Hazelwood, MO 63042 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/30/2029 930.6 930.6 804.1 0.24 %
Vance Ewing LLC (#) 22940 Harlan Ln, St. Robert, MO 65584 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/30/2029 104.7 104.7 108.8 0.03 %
Mankamana Holdings, LLc dba Perfect Brow Art, Mankamana Holdings, LLC (#) 7302 Kirby Ave, Lubbock, TX 79424 Gasoline Stations Term Loan Prime plus 2.75% 12/27/2029 128.0 128.0 119.5 0.04 %
Irony LLC dba Mulberry’s Garment Care (#) 2579 Fairview Ave North, Roseville, MN 55113 Personal and Laundry Services Term Loan Prime plus 2.75% 12/27/2029 977.4 977.4 817.3 0.24 %
QXC Communications, Inc (#) 4541 N Dixie Hwy, Boca Raton, FL 33431 Telecommunications Term Loan Prime plus 2.75% 12/27/2029 488.8 488.8 405.0 0.12 %
Tatoo Tony's Under My Skin LLC (#) 73 Memorial Parkway, Atlantic Highlands, NJ 7716 Personal and Laundry Services Term Loan Prime plus 2.75% 12/27/2044 98.4 98.4 109.8 0.03 %
Pro-Tek Pest Control, Inc, Pro-Tek Nurseries, LLC, Pro-Tek Irrigation (#) 8712 60th Terrace South, Lake Worth, FL 33467 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2029 173.4 173.4 151.7 0.04 %
313 Air Duck LLC dba Jouny Cleaning Services, M & J Restoration Emerge (#) 25150 W Warren Ave., Dearborn Heights, MI 48127 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2029 150.8 150.8 135.0 0.04 %
313 Air Duct LLC Dba Jouny Cleaning Services, M & J Restoration Emerge (#) 25150 W Warren Ave., Dearborn Heights, MI 48127 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2044 245.9 245.9 261.0 0.08 %
American Landscaping Company (#) 6151 S St, Anchorage, AK 99518 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2029 300.4 300.4 290.5 0.09 %
American Landscaping Company and Ground Effects Landscaping, LLC (#) 6151 A St, Anchorage, AK 99518 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2044 636.1 636.1 695.3 0.20 %
Watearth Inc (#) 3371 Glendale Blvd Ste 208, Los Angeles, CA 90039 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/27/2029 43.5 43.5 36.1 0.01 %
Protek Pest Control, Inc. Pro-tek Nurseries LLC, Pro-Tek Irrigation (#) 8712 60TH TER South, Lake Worth, FL 33467 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2044 140.2 140.2 153.4 0.05 %
164
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
A Family Member Homecare Group Inc, A Family Member Homecare Holdings (#) 11788 Sample Rd, Coral Springs, FL 33065 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/27/2044 117.0 117.0 120.9 0.04 %
K&S Hardware LLC dba Gopher Ace (#) 1865 Wayzata Blvd, Long Lake, MN 55356 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/27/2029 58.2 58.2 55.9 0.02 %
Icebox Cafe L.C. and Icebox Pantry, LLC (#) 219 NE 3rd St, Hallendale Beach, FL 33009 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/26/2030 418.5 418.5 366.2 0.11 %
Bhatti LLC 2, Bhatti LLC (#) 1451 Coral Ridge Ave, Coralville, IA 52241 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/26/2029 105.1 105.1 89.7 0.03 %
Ink! Coffee Company (#) 2851 Larimer St, Denver, CO 80205 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/24/2029 483.1 483.1 400.3 0.12 %
Synergistic-Designs, LLC (#) 493 Wilson Mill Rd, New Wilmington, PA 16142 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/24/2029 7.0 7.0 5.8 — %
Richwood Enterprises, LLC, Richwood Transport LLC, Richwood Transport (#) 2564 Branch St, Middleton, WI 53562 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 12/24/2029 328.4 328.4 295.8 0.09 %
Aitheras Aviation Group, LLC and International Aviation Sales, Ltd. (#) 2301 N Marginal Rd, Cleveland, OH 44114 Air Transportation Term Loan Prime plus 2.75% 12/23/2029 491.1 491.1 427.4 0.13 %
Food Civilization Services LLC and 1701 W 15th St LLC (#) 512 E 11th St, Houston, TX 77008 Real Estate Term Loan Prime plus 2.75% 12/23/2044 147.8 147.8 163.7 0.05 %
512 E 11th Street LLC and Big Brand Management Ltd. Co. (#) 512 E 11th St, Houston, TX 77008 Real Estate Term Loan Prime plus 2.75% 12/23/2044 328.8 328.8 356.5 0.11 %
The Lamkin Group LLC and National Championship Enterprises LLC (#) 901 Lily Creek Rd, Ste 102, Louisville, KY 40243 Rental and Leasing Services Term Loan Prime plus 2.75% 12/23/2029 622.3 622.3 516.5 0.15 %
Shaddai Aesthetics Inc (#) 706 W. 34th St, Austin, TX 78705 Personal and Laundry Services Term Loan Prime plus 2.75% 12/20/2029 17.6 17.6 14.6 — %
Romain Tower Inc. (#) 215 S Persimmon St, Tomball, TX 77375 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/20/2044 888.1 888.1 887.2 0.26 %
Chris Farley DVM PA. dba Farley Veterinary Clinic (#) 6487 Taft St, Hollywood, FL 33024 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/20/2029 12.6 12.6 13.0 — %
Freedom Enterprises, Inc (#) 2431 14th Ave SE, Watertown, SD 57201 Truck Transportation Term Loan Prime plus 2.75% 12/20/2029 302.7 302.7 261.9 0.08 %
La Tradicion Cubana Inc (#) 9357 S.W. 40th St, Miami, FL 33165 Miscellaneous Store Retailers Term Loan Prime plus 6.5% 12/20/2029 11.8 11.8 11.2 — %
Freedom Enterprises, Inc (#) 2431 14th Ave SE, Watertown, SD 57201 Truck Transportation Term Loan Prime plus 2.75% 12/20/2044 204.7 204.7 220.0 0.06 %
Macon Arts Center LLC (#) 4570 Pio Nono Ave, Macon, GA 31206 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/20/2044 617.8 617.8 668.6 0.20 %
ACC International LLC (#) 200 N Furnace St, Birdsboro, PA 19508 Administrative and Support Services Term Loan Prime plus 2.75% 12/20/2044 317.2 317.2 321.2 0.09 %
MBK IT Services Inc. (#) 626 Trailwood Ct., Garland, TX 75043 Nonstore Retailers Term Loan Prime plus 2.75% 12/19/2029 20.1 20.1 20.9 0.01 %
Kuros, LLC (#) 21221 Baron Lake Drive, Cedaredge, CO 81413 Accommodation Term Loan Prime plus 2.75% 11/19/2045 82.3 82.3 92.1 0.03 %
165
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Kuros, LLC (#) 21221 Baron Lake Drive, Cedaredge, CO 81413 Accommodation Term Loan Prime plus 2.75% 12/19/2044 391.0 391.0 436.1 0.13 %
United Capital Group LLC (#) 23022 La Cadena Dr, Laguna Hills, CA 92653 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/19/2029 299.7 299.7 263.0 0.08 %
GDIM Enterprises Inc dba AAMCO (#) 1657 Whiskey Rd., Aiken, SC 29803 Repair and Maintenance Term Loan Prime plus 2.75% 12/19/2029 18.5 18.5 16.9 — %
Nebulos, LLC (#) 5428 Twilight Way, Parker, CO 80134 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/19/2029 58.2 58.2 54.0 0.02 %
RWBB LLC (#) 4120 7th Ave, Kenosha, WI 53140 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/19/2029 15.6 15.6 14.0 — %
New Casa Technologies, LLC (#) 7928 S 70th Lane, Laveen, AZ 85339 Truck Transportation Term Loan Prime plus 2.75% 12/19/2029 7.6 7.6 6.4 — %
Premier Gaming Solutions Inc (#) 17 South Grand Ave, Pasadena, CA 91105 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/18/2029 10.5 10.5 10.9 — %
Skyfall LLC dba EZ Self Storage (#) 2705 US Hwy 45 North, Henderson, TN 38340 Real Estate Term Loan Prime plus 2.75% 12/18/2044 143.9 143.9 160.5 0.05 %
The Burlington Academy of Learning LLC (#) 10 Covey Rd, Burlington, CT 6013 Social Assistance Term Loan Prime plus 2.75% 12/18/2029 47.5 47.5 49.3 0.01 %
Sago Technologies Inc. dba Jak Ecig (#) 785 Woodfern Drive, Hampshire, IL 60140 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/17/2029 218.8 218.8 226.9 0.07 %
HADD Corp (#) 364 Rugby Rd, Cedarhurst, NY 11516 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/17/2029 11.8 11.8 11.2 — %
Signco America LP & Sparkle corporation Inc. (#) 7938 Wright Rd, Houston, TX 77041 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/16/2044 1,229.6 1,229.6 1,371.6 0.40 %
J and K Project Management Consultants LLC (#) 350 Mc Donnell St, Lewisville, TX 75057 Construction of Buildings Term Loan Prime plus 2.75% 12/16/2044 308.2 308.2 342.1 0.10 %
J and K Project Management Consultants dba A. C. T. Construction (#) 350 Mc Donnell St, Lewisville, TX 75057 Construction of Buildings Term Loan Prime plus 2.75% 12/16/2029 193.4 193.4 199.8 0.06 %
Farain Saremi dba USA Produce (#) 461 G St, Los Banos, CA 93635 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/16/2044 467.2 467.2 495.0 0.15 %
Dr Steven J Seidel (#) 42 Campeau Place, Bergenfield, NJ 7621 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/13/2029 75.6 75.6 62.8 0.02 %
The Crane Guys, LLC (#) 14480 Alondra Blvd, La Mirada, CA 90638 Rental and Leasing Services Term Loan Prime plus 2.75% 12/13/2029 1,174.9 1,174.9 1,060.9 0.31 %
Math Enrichment, LLC (#) 1009 E Capitol Expressway, San Jose, CA 95121 Educational Services Term Loan Prime plus 2.75% 12/13/2029 187.5 187.5 155.4 0.05 %
Jen Macias LLC dba Duende (#) 2301 NW Thurman St, Portland, OR 97210 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/13/2029 7.5 7.5 6.2 — %
Nulane Entertainment LLC (#) 4100 W. Alameda Ave # 300, Burbank, CA 91505 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/13/2029 7.0 7.0 5.8 — %
Essex Indoor Golf Center LLC (#) 23 Saybrook Rd, Essex, CT 6426 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/13/2029 73.3 73.3 65.9 0.02 %
The Floor Covering Warehouse, Inc (#) 112 Orchard St, Stamford, CT 6902 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/13/2044 236.1 236.1 263.3 0.08 %
WURA LLC dba Dickey's Barbecue Pit (#) 4325 E. University Drive, Ste 40, Prosper, TX 75078 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/13/2029 85.7 85.7 73.6 0.02 %
166
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Belle Properties Northwest, Inc. (#) 223 Ave B, Snohomish, WA 98290 Personal and Laundry Services Term Loan Prime plus 2.75% 12/12/2044 129.1 129.1 138.6 0.04 %
Abylex, Inc and Worpex LLC (#) 7473 Reese Rd #2, Sacramento, CA 95828 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/12/2044 93.8 93.8 85.7 0.03 %
Joyner5, Inc.dba British Swim School (#) 1000 Settlers Landing Court, Wake Forest, NC 27587 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/12/2029 20.9 20.9 17.4 0.01 %
Stockton TRI Industries, LLC (#) 2141 E Anderson St, Stockton, CA 95205 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/12/2044 1,089.6 1,089.6 1,159.9 0.34 %
CCD Construction Services LLC dba Clearwater Outdoor Design, CCD (#) 175 W Borgfeld Drive, San Antonio, TX 78260 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/11/2044 110.7 110.7 117.0 0.03 %
Professional Plumbing Services of Nela, LLC (#) 99 Plum St, West Monroe, LA 71292 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/11/2029 16.8 16.8 16.2 — %
Vaughn Chiropractic, PLLC dba Catalyst Chiropractic and Rehab (#) 10904 Baltimore St NE, Blaine, MN 55449 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/11/2029 38.6 38.6 32.1 0.01 %
Chambers Funeral Home & Crematorium PA & Riverdale Park Crematory, LLC (#) 5801 Cleveland Ave, Riverdale, MD 20737 Personal and Laundry Services Term Loan Prime plus 2.75% 12/11/2044 295.1 295.1 329.2 0.10 %
Ciel Du Mel LLC dba Lala's Creamery (#) 134 Petaluma Blvd North, Petalumaca, CA 94952 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/10/2029 15.4 15.4 13.4 — %
Helping Hands Group Daycare dba Dawn to Dusk Learning and Child Care (#) 10 Tremont Rd, Tremont, PA 17981 Social Assistance Term Loan Prime plus 2.75% 12/10/2044 38.4 38.4 41.0 0.01 %
SLCP Transport, LLC dba Aamco (#) 1407 Lomaland Drive, El Paso, TX 79935 Repair and Maintenance Term Loan Prime plus 2.75% 12/10/2029 58.2 58.2 54.0 0.02 %
Elita 7, LLC and Behavioral Nutrition Inc. (#) 16 Marble St, Worchester, MA 1603 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 12/9/2029 285.1 285.1 269.5 0.08 %
DB Talak LLC (#) 2018 SE 6th Ave, Portland, OR 97214 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/6/2044 151.5 151.5 169.0 0.05 %
Scott's Hardware, Inc., dba Medford Inc (#) 200 Tuckerton Rd, Medford, NJ 8055 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 6.5% 12/6/2029 11.8 11.8 11.2 — %
Bay Area Metal Fabricarion LLC (#) 510 -512 Stone Rd, Benicia, CA 94510 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/6/2029 127.3 127.3 113.7 0.03 %
The Stout Group LLC (#) 10850 NW 138th St, Hialeah Gardens, FL 33018 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/6/2029 223.4 223.4 198.4 0.06 %
Glen Lamb dba Lambs Tree And Plant Health Care (#) 413 Pond Meadow Rd, Westbrook, CT 6498 Administrative and Support Services Term Loan Prime plus 2.75% 12/6/2029 17.5 17.5 15.7 — %
Ohanyan LLC dba Nestle Toll House Caf'e By Chip (#) 14006 Riverside Drive, Store No. 9270, Sherman Oaks, CA 91423 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/6/2029 39.5 39.5 35.2 0.01 %
Mazhar Family, Inc dba Edible Arrangements (#) 601 Portion Rd, Store #17, Lake Ronkonkoma, NY 11779 Nonstore Retailers Term Loan Prime plus 2.75% 12/6/2029 62.8 62.8 52.7 0.02 %
Wolf Pack, LLC (#) 939 South 25th East, Ste. 115, Ammon, ID 83406 Management of Companies and Enterprises Term Loan Prime plus 2.75% 3/6/2030 211.8 211.8 185.8 0.05 %
167
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Eagle Eye Truck Lines LLC and Eagle Eye Logistics LLC (#) 560 56th St SW, Grand Rapids, MI 49548 Truck Transportation Term Loan Prime plus 2.75% 12/6/2029 1,025.4 1,025.4 866.4 0.26 %
Natalie Enterprise Inc (#) 2500 Grand Ave, Billings, MT 59102 Administrative and Support Services Term Loan Prime plus 2.75% 12/6/2029 18.9 18.9 19.6 0.01 %
Used Tire Express 1, Corp (#) 437 N. Battlefield, Chesapeake, VA 23320 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 12/5/2029 80.3 80.3 69.9 0.02 %
Standard Capital Corp (#) 2349 Wessington Drive, Virginia Beach, VA 23456 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 12/5/2029 11.8 11.8 11.3 — %
Clearwater Engineering Inc (#) 301 N River St, Derby, KS 67037 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 12/5/2029 549.3 549.3 490.3 0.14 %
Hook Line and Schooner Vinings LLC (#) 400 West Village Way #3009, Smyrna, GA 30008 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/4/2029 20.9 20.9 18.9 0.01 %
Soto Injury Law Firm, PA and My Attorney Inc (#) 2050 Capital Circle NE Ste B, Tallahassee, FL 32308 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/3/2029 58.2 58.2 48.3 0.01 %
Mega Sales Detergent Distributor, LLC (#,^) 1 Ackerman Ave, Clifton, NJ 7011 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/29/2029 46.2 46.2 38.3 0.01 %
Loading Arms Plus Inc (#) 5401 Mitchelldale St, Ste B4, Houston, TX 77092 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/27/2029 73.3 73.3 62.0 0.02 %
Behind the Scenes Chicago, LLC dba Paramount Events (#) 1750 W Lake St, Chicago, IL 60612 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/27/2029 431.5 431.5 379.2 0.11 %
American Bio Source, LLC dba Dieselgreen Fuels (#) 2522 N Hwy 287, Decatur, TX 76234 Waste Management and Remediation Services Term Loan Prime plus 2.75% 11/27/2029 53.7 53.7 55.7 0.02 %
Codorado, Inc. dba Dentalmart (#,^) 10 Glorieta Rd, Sante Fe, NM 87508 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/27/2029 9.7 9.7 8.1 — %
Alice's Tea Cup, ATC !! LLC and ATC 111, LLC (#) 102 W 73rd St, New York, NY 10023 Food Manufacturing Term Loan Prime plus 2.75% 11/27/2029 255.9 255.9 216.0 0.06 %
Haversack Holdings LLC (#) 7930 W Kenton Circle, Ste 260, Huntersville, NC 28078 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/27/2029 115.6 115.6 95.8 0.03 %
Roots'n Shoots, LLC (#) 86 Boston Rd, Chelmsford, MA 1824 Administrative and Support Services Term Loan Prime plus 2.75% 11/27/2029 9.9 9.9 8.2 — %
Kanti Group Inc, Marina 84 Sport Bar & Grill LLC and Pub 52 Sports (#) 2440 Wesr State Rd 84, Fort Lauderdale, FL 33312 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/27/2029 142.6 142.6 120.2 0.04 %
Ultra Flow Dispense, LLC (#) 820 Prospect Hill Rd, Windsor, CT 6095 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/26/2029 96.8 96.8 81.0 0.02 %
Ford Custom Renovation LLC (#,^) 405 Broadway St, Muncy, PA 17756 Construction of Buildings Term Loan Prime plus 2.75% 11/26/2029 7.6 7.6 6.4 — %
Fullmer's Landscaping, Inc. (#) 9547 W Third St, Dayton, OH 45417 Administrative and Support Services Term Loan Prime plus 2.75% 11/26/2029 177.7 177.7 154.8 0.05 %
B.S Carrier LLC and United Truck & Trailer Repair LLC (#) 3716 Garman Rd, Salem, VA 24153 Truck Transportation Term Loan Prime plus 2.75% 11/25/2029 218.5 218.5 210.6 0.06 %
Hurricane Group, Inc.dba Crate Club Group (#) 101 San Patricio Ave, Ste 860, Guaynabo, PR 968 Other Information Services Term Loan Prime plus 2.75% 11/25/2029 46.6 46.6 38.6 0.01 %
S&C Cookies, Inc (#,^) 1969 Jericho Turnpike, East Northport, NY 11731 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 11/22/2029 52.2 52.2 43.4 0.01 %
A&N Design Studios Inc dba Door3 Business Application (#) 22 Cortlandt St, New York, NY 10007 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/22/2029 113.3 113.3 100.2 0.03 %
168
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Best Choice Meats, Inc, (#,^) 12646 S Springfield Ave, Alsip, IL 60803 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/22/2044 1,321.1 1,321.1 1,412.3 0.42 %
ZUMI LLC dba Allstate Insurance (#,^) 1537 W 79th St, Chicago, IL 60620 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 11/22/2029 11.1 11.1 11.4 — %
Cum Laude Enterprises, LLC (#) 15218 Penn Hills Lane, Houston, TX 77062 Nonstore Retailers Term Loan Prime plus 2.75% 11/22/2029 17.8 17.8 16.5 — %
Peanut Butter & Co Inc (#,^) 119 West 57th St, Ste 300, New York, NY 10019 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/22/2029 173.4 173.4 143.7 0.04 %
Place Vendome Holding Co. Inc.dba R&F Marketing (#) 308 Glenwood Rd, Swainsboro, GA 30401 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/22/2044 427.7 427.7 409.7 0.12 %
Place Vendome Holding Co Inc.dba R&F Marketing (#) 610 East Main St, Swainsboro, GA 30401 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/22/2029 218.8 218.8 202.7 0.06 %
Weeping Willow Kennel Inc (#,^) 6041 Hammond School Rd, Salisbury, MD 21804 Personal and Laundry Services Term Loan Prime plus 2.75% 11/21/2029 4.2 4.2 4.3 — %
Coral Springs Family Wellness LLC (#) 2902 North University Drive, Coral Springs, FL 33065 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/21/2030 118.3 118.3 99.1 0.03 %
Semplice Cafe LLC (#,^) 209 N Main St, Breckenridge, CO 80424 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/21/2029 16.6 16.6 14.2 — %
Cobb Roofing LLC (#,^) 8101 NW 10th St, Oklahoma City, OK 73127 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/21/2029 50.7 50.7 42.0 0.01 %
Pen's Electric Company (#) 504 Fairfax Ave, Nashville, TN 37212 Specialty Trade Contractors Term Loan Prime plus 6.5% 11/21/2029 11.9 11.9 11.3 — %
The Rollin' Trapp LLC (#,^) 1731 Prevatt Rd, Dothan, AL 36301 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/21/2029 7.4 7.4 6.7 — %
AMH Construction, Inc. (#,^) 30 South Ivey Lane, Orlando, FL 32811 Construction of Buildings Term Loan Prime plus 2.75% 11/20/2044 270.2 270.2 290.5 0.09 %
AMH Construction, Inc. (#,^) 30 South Ivey Lane, Orlando, FL 32811 Construction of Buildings Term Loan Prime plus 2.75% 11/20/2029 69.4 69.4 67.1 0.02 %
Cable Management LLC (#,^) 290 Pratt St, Meriden, CT 6450 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/20/2029 127.2 127.2 112.7 0.03 %
AD Learning Group, LLC dba The Learning Experience & AD Learning NH (#,^) 181 Shunpike Rd, Cromwell, CT 6416 Social Assistance Term Loan Prime plus 2.75% 11/18/2029 128.2 128.2 106.3 0.03 %
Ryan & Selena LLC dba Head of the Class Learning Center (#,^) 1836 Kathleen Rd, Lakeland, FL 33805 Social Assistance Term Loan Prime plus 2.75% 11/18/2044 439.8 439.8 462.5 0.14 %
Lindsley Excavating LLC (#,^) 92 Town Line Rd, Fulton, NY 13069 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/15/2029 178.3 178.3 168.2 0.05 %
MToxins Venom Lab LLC (#,^) 717 Oregon St, Oshkosh, WI 54902 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/15/2044 99.9 99.9 102.4 0.03 %
Champions Of Diversity Media Inc dba Champions of Diversity: Politics (#,^) 5100 Transamerica Drive, Columbus, OH 43228 Administrative and Support Services Term Loan Prime plus 2.75% 11/15/2044 71.3 71.3 77.2 0.02 %
SSH Princeton LLC dba Stumpy's Hatchet House of Princeton (#) 745 Alexander Rd, Ste 1-3, Princeton, NJ 8540 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/15/2030 87.6 87.6 72.7 0.02 %
169
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Winning Sales Plan Inc (#,^) 17811 Fairhaven Gateway, Cypress, TX 77433 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/14/2029 46.2 46.2 48.0 0.01 %
Ninth Avenue, LLC (#) Empire Mall, 5000 W Empire Place, Room 916, Sioux Falls, SD 57106 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/14/2030 59.5 59.5 51.1 0.02 %
Sean McNamara (#) 5639 Wood Lane, Allentown, PA 18106 Nonstore Retailers Term Loan Prime plus 6.5% 11/14/2029 11.7 11.7 11.1 — %
Rockin Robin Music Lessons LLC (#,^) 9029 Hwy 6, Ste 160, Missouri City, TX 77459 Educational Services Term Loan Prime plus 2.75% 11/14/2029 8.6 8.6 7.2 — %
The Pinnacle Development Group Inc dba The Goddard School (#) 105 Springside Drive, Akron, OH 44333 Social Assistance Term Loan Prime plus 6.5% 11/14/2029 11.7 11.7 11.1 — %
HH Wireless Connect LLC (#,^) 48267 Deer Trail Drive, Canton, MI 48187 Electronics and Appliance Stores Term Loan Prime plus 2.75% 11/12/2029 7.6 7.6 6.3 — %
NJ Floats, Inc (#) 327 Route 202/206, Bedminster Township, NJ 7921 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 2/12/2046 145.7 145.7 163.3 0.05 %
SSD Designs LLC (#,^) 486 Vance St, Forest City, NC 28043 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 1/12/2030 328.8 328.8 299.7 0.09 %
Adrienne's Gourmet Foods, Imagine Baking, Inc (#,^) 1034 Hancock St, Sandusky, OH 44870 Food Manufacturing Term Loan Prime plus 2.75% 11/12/2029 489.6 489.6 475.4 0.14 %
James Richard Farkas Jr. dba Lil Black Bear Inn (#,^) 8072 State Rd 46 East, Nashville, TN 47448 Accommodation Term Loan Prime plus 2.75% 11/12/2044 107.3 107.3 111.1 0.03 %
Ameen Enterprises, LLC dba Bargain Town (#,^) 1111 E Washington St, Stephenville, TX 76401 Gasoline Stations Term Loan Prime plus 2.75% 11/12/2029 115.6 115.6 117.1 0.03 %
Steven French dba French Woodworking (#,^) 1101 Horizon Drive Ste 101, Fairfield, CA 94533 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/12/2044 61.4 61.4 68.5 0.02 %
Adrienne's Gourmet Foods, Imagine Baking Inc (#,^) 1034 Hancock St, Sandusky, OH 44870 Food Manufacturing Term Loan Prime plus 2.75% 11/12/2044 399.1 399.1 445.2 0.13 %
Potomac Nail Spa Corporation (#,^) 14901 Potomac Town Place,, Woodbridge, VA 22191 Personal and Laundry Services Term Loan Prime plus 2.75% 11/12/2029 49.2 49.2 41.1 0.01 %
Two Roses Salon 1, Inc.dba National Fluid Power Institute and NFPI (#,^) 908 S Jefferson St, Amarillo, TX 79101 Educational Services Term Loan Prime plus 2.75% 11/12/2029 365.3 365.3 330.9 0.10 %
Airbar Inc (#,^) 5 N Station Plaza, Great Neck, NY 11021 Personal and Laundry Services Term Loan Prime plus 2.75% 11/8/2029 20.4 20.4 16.9 — %
Integrated Vascular Services LLC (#,^) 1452 Franklin Ave, Salem, OR 44460 Ambulatory Health Care Services Term Loan Prime plus 2.75% 11/8/2029 74.0 74.0 61.8 0.02 %
East River Plumbing, LLC (#,^) 997 E Loop, Priest River, ID 83856 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/8/2044 49.1 49.1 52.7 0.02 %
Link Recreational, Inc (#,^) 304 Business Hwy 53, Minong, WI 54859 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/7/2044 386.8 386.8 419.2 0.12 %
Link Recreational, Inc (#,^) 304 Business Hwy 53, Minong, WI 54859 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/7/2029 792.0 792.0 668.5 0.20 %
WE MAKE DIFFERENCES, LLC (#,^) 1380 Main St, Waltham, MA 2451 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/7/2029 5.9 5.9 5.8 — %
Lake Pontchartrain Properties, LLC (#,^) 6001-6201 France Rd, New Orleans, LA 70126 Accommodation Term Loan Prime plus 2.75% 11/7/2044 1,133.7 1,133.7 1,264.6 0.37 %
170
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
21 Air, LLC, 21 Cargo Inc, JW Aviation LLC, Freighter 27044 LLC (#,^) 3650 NW 82 Ave, Doral, FL 33166 Air Transportation Term Loan Prime plus 2.75% 11/6/2029 961.7 961.7 797.0 0.23 %
Sunburst Trout Farm, LLC (#,^) 314 Industrial Park Drive, Waynesville, NC 28786 Fishing, Hunting and Trapping Term Loan Prime plus 2.75% 10/31/2044 228.3 228.3 251.2 0.07 %
C&P Trading and Sales Inc (#,^) 950 Peninsula Corporate Circle Ste 3016, Boca Raton, FL 33487 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 10/31/2029 230.0 230.0 190.8 0.06 %
11900 Marshfield Station Inc (#,^) 11900 S Marshfield Ave, Calumet Park, IL 60827 Gasoline Stations Term Loan Prime plus 2.75% 10/31/2044 1,229.9 1,229.9 1,332.6 0.39 %
Guru Kirpa, Inc (#,^) 3006 New Castle Ave, New Castle, DE 19720 Gasoline Stations Term Loan Prime plus 2.75% 10/31/2044 191.8 191.8 198.0 0.06 %
Jessie's Radiator and Automotive (#,^) 1777 N Ventura Ave, Ventura, CA 93001 Repair and Maintenance Term Loan Prime plus 2.75% 10/31/2029 14.9 14.9 13.8 — %
Fave Realty, Inc. (#,^) 217-84 Hempstead Ave, Jamaica, NY 11429 Real Estate Term Loan Prime plus 2.75% 10/31/2044 114.8 114.8 128.1 0.04 %
Kerzner Contracting Corp (#,^) 1620 Ocean Ave, Bohemia, NY 11716 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/31/2029 103.4 103.4 85.8 0.03 %
ABC Sandblasting, LLC (#,^) 14029 56th St NW, Williston, ND 58801 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/31/2029 226.8 226.8 194.1 0.06 %
Dub Industries LLC (#,^) 4112 Veiled Falls Drive, Pflugerville, TX 78660 Nonstore Retailers Term Loan Prime plus 2.75% 10/31/2029 65.2 65.2 61.1 0.02 %
The Committed Pig LLC (#,^) 28 West Park Place, Morristown, NJ 7090 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/31/2029 261.7 261.7 271.5 0.08 %
L& F Gullo Service Corp (#,^) 520 Main St, Westbury, NY 11590 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 10/31/2029 160.8 160.8 133.3 0.04 %
D & H Construction Services, Inc. (#,^) 711 Hospital St, Richmond, VA 23219 Construction of Buildings Term Loan Prime plus 2.75% 10/31/2029 128.7 128.7 112.4 0.03 %
Automotive Solutions, LLC (#,^) 1910 W. Dupont Rd, Fort Wayne, IN 46818 Repair and Maintenance Term Loan Prime plus 2.75% 10/31/2044 292.7 292.7 312.5 0.09 %
Sunburst Trout Farm, LLC (#,^) 314 Industrial Park Dr, Waynesville, NC 28786 Fishing, Hunting and Trapping Term Loan Prime plus 2.75% 10/31/2029 62.0 62.0 64.4 0.02 %
Automotive Standard, LLC (#,^) 4028 Coldwater Rd, Fort Wayne, IN 46805 Repair and Maintenance Term Loan Prime plus 2.75% 10/31/2044 135.3 135.3 145.7 0.04 %
MJ Group, Inc (#,^) 26691 Loma Verde, Mission Viejo, CA 92691 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/31/2029 19.6 19.6 16.4 — %
Maine Service Corp (#,^) 59-24 55th St, Maspeth, NY 11378 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 10/31/2029 114.9 114.9 119.2 0.04 %
Mariscos El Oceano, Inc. (#,^) 5960 S Archer Ave, Chicago, IL 60638 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/31/2044 123.3 123.3 134.8 0.04 %
BGB Leasing Inc and BGB Leasing Co. (#,^) 50 Industrial Park Rd, Princeton, KY 42445 Truck Transportation Term Loan Prime plus 2.75% 10/30/2029 1,066.1 1,066.1 964.2 0.28 %
Paul Wintner dba P & R Props (#,^) 23901 Calabasas Rd, Calabasas, CA 91302 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 10/30/2029 51.7 51.7 42.9 0.01 %
Blue Agave & Brothers, LLC dba Blue Apachie Mexican Restaurant (#,^) 905 Savoy Rd, Youngsville, LA 70592 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/30/2029 80.4 80.4 68.0 0.02 %
171
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Lightning Strike Distributing, LLC dba Jedidiah's Jerky & Gourmet Snack (#,^) 9912 Arizona Dr, Mohave Valley, AZ 86440 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 10/30/2029 59.7 59.7 50.7 0.01 %
BGB Leasing Co. (#,^) 50 Industrial Park Rd, Princeton, KY 42445 Truck Transportation Term Loan Prime plus 2.75% 10/30/2044 88.3 88.3 98.5 0.03 %
Plastic Depot, Inc (#,^) 363 East Alondra Blvd, Gardena, CA 90248 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 10/30/2029 145.4 145.4 120.7 0.04 %
OWL Inc, (#,^) 5300 S Orange Blossom Trail, Orlando, FL 32839 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 10/28/2029 198.2 198.2 164.3 0.05 %
Corple Enterprises, Inc (#,^) 17887 US-380, Ponder, TX 76259 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 10/28/2029 147.2 147.2 145.4 0.04 %
Perisseia Physicians LLC (#,^) 1644 Lebanon Rd, Lawrenceville, GA 30043 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/28/2044 392.5 392.5 402.5 0.12 %
Proximo Consulting Services Inc (#,^) 2500 Plaza 5, Jersey City, NJ 7311 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/28/2029 68.9 68.9 57.1 0.02 %
Marnon Vending LLC dba Naturals 2 Go San Antonio (#,^) 6713 Biscay Hbr, San Antonio, TX 78249 Nonstore Retailers Term Loan Prime plus 2.75% 10/28/2029 7.3 7.3 6.7 — %
Landmark Ventures USA, Inc (#,^) 475 Park Ave S, 25th Floor, New York, NY 10016 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 10/25/2029 96.5 96.5 80.0 0.02 %
iLoka Inc. dba NewCloud Networks (#,^) 160 Inverness Drive W, Ste 150, Englewood, CO 80112 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 10/25/2029 91.9 91.9 95.3 0.03 %
Four Ace Electrical Services Corporation (#,^) 3723 Far Niente Way, Sacramento, CA 95834 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/25/2029 11.0 11.0 9.3 — %
Diamond Solutions LLC (#,^) 8321 E Gelding Drive, Scottsdale, AZ 85260 Machinery Manufacturing Term Loan Prime plus 2.75% 10/25/2029 11.7 11.7 9.7 — %
Jbang LLC, WM Bang LLC, Bang Investments LLC (#) 125 Westchester Ave, White Plains, NY 10601 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/25/2029 69.6 69.6 68.8 0.02 %
IV Purpose Inc (#) 1489 Fulton St, Brooklyn, NY 11216 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/25/2029 35.4 35.4 31.0 0.01 %
Sultan's Palace L.L.C. (#,^) 8125 West Sahara Ave, Ste 300, Las Vegas, NV 89117 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/24/2029 19.6 19.6 17.2 0.01 %
Fimac Inc dba American Educational Services (#,^) 26300 La Alameda, Ste 200, Mission Viejo, CA 92691 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/23/2029 20.7 20.7 17.4 0.01 %
James Clark and Company, Inc. (#) 8885 Haven Ave, Ste 120, Rancho Cucamonga, CA 91730 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 10/22/2029 11.6 11.6 11.1 — %
Pyle Garage Doors OKC, INC dba Precision Door Service OKC (#,^) 8860 S Sunnylane Rd, Oklahoma City, OK 73135 Repair and Maintenance Term Loan Prime plus 2.75% 10/22/2029 13.5 13.5 11.2 — %
Todd's Car Wash, LLC (#,^) 5505 Johnston St, Lafayette, LA 70506 Repair and Maintenance Term Loan Prime plus 2.75% 10/18/2044 337.3 337.3 376.2 0.11 %
Roughcut LLC (#,^) 41540 National Rd, Belmont, OH 43718 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/17/2029 442.5 442.5 459.0 0.14 %
UNIQUE PAVER INSTALLATIONS, INC. (#,^) 4930 Mars Hill Rd, Bogart, GA 30622 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/17/2029 20.8 20.8 18.4 0.01 %
172
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Owens Family and Cosmetic Dentistry PLLC (#,^) 403 E College St, Pulaski, TN 38478 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/17/2029 249.1 249.1 216.3 0.06 %
Pine Mountain Residential LLC (#) 10240 Cosmopolitan Circle, Parker, CO 80134 Specialty Trade Contractors Term Loan Prime plus 6.5% 10/16/2029 11.6 11.6 11.1 — %
Powerlift Dumbwaiters, Inc (#) 2444 Georgia Slide Rd, Georgetown, CA 95634 Machinery Manufacturing Term Loan Prime plus 6.5% 10/16/2029 11.3 11.3 10.8 — %
The Cow Harbor Beer Company LLC dba Sand City Brewing Co. (#) 19 Scudder Ave, Northport, NY 11768 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 2/11/2031 292.7 292.7 257.3 0.08 %
Glenda D Brewer dba Bargain Store (#) 107 Tabernacle Church Rd, Candor, NC 27229 General Merchandise Stores Term Loan Prime plus 6.5% 10/11/2029 11.6 11.6 11.1 — %
S&D Beauty Spa Inc dba Elite Nails, dba Bella's Nails &dba Onyx Nail (#,^) 5604 Slide Rd, Lubbock, TX 79414 Personal and Laundry Services Term Loan Prime plus 2.75% 10/11/2029 145.7 145.7 123.3 0.04 %
Q2 Ventures, LLC (#,^) 2805 W Arimo Rd, Arimo, ID 83214 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 10/8/2029 163.1 163.1 162.2 0.05 %
Paketo LLC dba West Loop UPS Store (#,^) 623 W Lake St, Chicago, IL 60661 Couriers and Messengers Term Loan Prime plus 2.75% 10/4/2029 15.2 15.2 12.9 — %
Heart and Vascular Associates of Tampa, LLC (#,^) 17 David Blvd, Tampa, FL 33606 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/30/2044 759.1 759.1 765.9 0.23 %
A Child's Dream Educational Center LLC (#,^) 4127 NW 34th St, Gainsville, FL 32605 Social Assistance Term Loan Prime plus 2.75% 9/30/2029 175.8 175.8 146.4 0.04 %
DG Business Solutions, Inc (#,^) 11008 Rene St, Lenexa, KS 66215 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/30/2029 209.9 209.9 175.9 0.05 %
A Child's Dream Educational Center LLC (#,^) 4127 NW 34th St, Gainesville, FL 32605 Social Assistance Term Loan Prime plus 2.75% 9/30/2044 177.3 177.3 189.3 0.06 %
Atlantic Pacific Hospitality Solutions Inc dba North Beach Bistro (#,^) 725 Atlantic Blvd, Atlantic Beach, FL 32233 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2029 8.6 8.6 7.2 — %
SPIRE Manufacturing Solutions LLC (#,^) 1440 Newport Rd, Colorado Springs, CO 80916 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/30/2044 996.0 996.0 1,111.0 0.33 %
Meldi Maa, Inc dba The River Complex (#,^) 74 S Main St, Woonsocket, RI 2895 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2044 416.6 416.6 451.1 0.13 %
Joseph P Fusco DDS PC (#,^) 77 N Centre Ave, Rockville Centre, NY 11570 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/30/2029 60.6 60.6 50.3 0.01 %
In Power Motors, LLC, In-Power Motors II LLC, In-Power Motors III LLC (#,^) 2301 W. Buckeye Rd, Phoenix, AZ 85009 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 9/30/2044 612.4 612.4 630.9 0.19 %
International Protection Group, LLC (#,^) 481 8th Ave Ste 1130, New York, NY 10001 Administrative and Support Services Term Loan Prime plus 2.75% 9/30/2029 75.3 75.3 73.1 0.02 %
AV Strategy, Inc (#,^) 9468 American Eagle Way Ste 100, Orlando, FL 32837 Rental and Leasing Services Term Loan Prime plus 2.75% 9/30/2029 242.6 242.6 219.8 0.06 %
50 Taps, LLC dba Colorado Taproom & Grill (#,^) 19539 Hess Rd Ste Ste #101, Parker, CO 80134 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2029 70.7 70.7 59.6 0.02 %
Crown Waste Corp (#,^) 1 Plainview Rd, Bethpage, NY 11714 Waste Management and Remediation Services Term Loan Prime plus 2.75% 9/30/2029 45.7 45.7 41.0 0.01 %
Zima Dining Inc. dba Country Kitchen (#,^) 1497 N Mt. Vernon Ave, Colton, CA 92324 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/27/2029 57.5 57.5 59.6 0.02 %
173
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hoagie Barmichaels Inc (#,^) 1101 River Rd, New Windsor, NY 12553 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/27/2044 110.7 110.7 110.3 0.03 %
Universe Appliance Repairs Inc. (#,^) 3790 Merrick Rd, Seaford, NY 11783 Repair and Maintenance Term Loan Prime plus 2.75% 9/27/2044 575.7 575.7 576.6 0.17 %
Wagner & Sons Inc (#,^) 22365 Alydar Drive, Lexington Park, MO 20653 Nonstore Retailers Term Loan Prime plus 2.75% 9/27/2029 17.1 17.1 14.3 — %
Aztec Machine & Repair Inc, Cranrd & Material (#,^) 1715 N 1st St, Bloomfield, NM 87413 Repair and Maintenance Term Loan Prime plus 2.75% 9/27/2044 698.1 698.1 713.8 0.21 %
Double H Services, LLC, C&T Oil Field Services, LLC and Brian S. Holma (#,^) 3721 North 162nd St, Garber, OK 73701 Support Activities for Mining Term Loan Prime plus 2.75% 9/27/2029 956.2 956.2 866.3 0.26 %
Titan Laser Screed Concrete Services, LLC (#,^) 8908 Wildlife Lane, Sanford, FL 32771 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/27/2029 45.6 45.6 39.3 0.01 %
Zmetra Clearspan Structures LLC (#,^) 2 Old Worcester Rd, Webster, MA 1571 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 9/27/2044 428.7 428.7 478.2 0.14 %
Universe Appliance Repairs Inc. (#,^) 3790 Merrick Rd, Seaford, NY 11783 Repair and Maintenance Term Loan Prime plus 2.75% 9/27/2029 604.8 604.8 537.9 0.16 %
Cherry and Candlewood Inc dba Aamco (#,^) 3029 South St, Long beach, CA 90805 Repair and Maintenance Term Loan Prime plus 2.75% 9/27/2044 424.0 424.0 473.0 0.14 %
Stiegelbauer Associates Inc. (#,^) 63 Flushing Ave Unit 342, Brooklyn, NY 11205 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/27/2029 182.8 182.8 152.0 0.04 %
Santa Fe Flooring LLC (#,^) 3711 Paseo Del Norte NE, Albuquerque, NM 87113 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 9/26/2029 462.5 462.5 402.3 0.12 %
Adam's Construction & General Contracting LLC (#,^) 7808 N Custer Rd, Freesoil, MI 49411 Construction of Buildings Term Loan Prime plus 2.75% 9/26/2029 63.8 63.8 55.7 0.02 %
Anderson's Outdoor Adventures, LLC (#,^) 4060 SW County Rd 232, Bell, FL 32619 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/25/2029 20.5 20.5 20.6 0.01 %
Byler, Wolfe, Lutsch and Kampfer CPAs, Inc (#,^) 360 East State St, Salem, OH 44460 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/25/2044 52.4 52.4 51.4 0.02 %
Quality Machine of Iowa, Inc (#,^) 1040 4th Ave, Audubon, IA 50025 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/25/2029 61.7 61.7 63.9 0.02 %
Luv 2 Play Nor Cal, LLC (#,^) 82 Clarksville Rd, Folsom, CA 95682 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/25/2029 105.0 105.0 89.3 0.03 %
Flamingo Bowl, Inc (#,^) 3301 N 23rd St, McAllen, TX 78501 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/24/2029 188.7 188.7 172.5 0.05 %
Unified Utility Services LLC (#,^) 206 Frankie Lane, Ladson, SC 29456 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 9/20/2044 154.8 154.8 172.5 0.05 %
Standard Real Estate Services LLC (#) 500 West Silver Spring Drive, Ste K 200,, Glendale, WI 53217 Real Estate Term Loan Prime plus 6.5% 9/19/2029 11.6 11.6 11.0 — %
Payne's Enviromental Service, LLC dba Bamaco (#,^) 5617 Causeway Blvd, Tampa, FL 33619 Administrative and Support Services Term Loan Prime plus 2.75% 9/18/2044 511.5 511.5 522.7 0.15 %
Host Marketing, LLC (#) 206 Bell Lane, Ste B, West Monroe, LA 71291 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 9/18/2029 11.6 11.6 11.0 — %
Vancole Investments, Inc. dba Smoothie King #913 &;Dream Development (#,^) 876 Virginia Ave, Hapeville, GA 30354 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/17/2029 11.0 11.0 9.1 — %
174
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Win Health Institute, LLC (#,^) 711 E Valley Rd, Basalt, CO 81621 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/17/2029 6.8 6.8 6.0 — %
Natalie Hart LLC dba Lady of Luxury &dba Country Sugar Events (#) 1702 Fawn Gate St, San Antonio, TX 78248 Personal and Laundry Services Term Loan Prime plus 2.75% 12/17/2029 52.8 52.8 49.0 0.01 %
Game Station, Inc. (#,^) 2917 1st Ave SE, Cedar Rapids, IA 52402 Rental and Leasing Services Term Loan Prime plus 2.75% 9/16/2029 18.5 18.5 16.9 — %
Bay Bowl Inc dba Shasta Lanes (#,^) 11093 Black Marble Way, Redding, CA 96003 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/13/2044 526.7 526.7 586.9 0.17 %
The Steel Method LLC dba Sneeze It (#,^) 250 Passaic Ave Ste 200, Fairfield, NJ 7004 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/12/2029 154.0 154.0 128.1 0.04 %
Oak Park Social LLC (#) 14691 W 11 Mile Rd, Oak Park, MI 48237 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/12/2045 133.5 133.5 137.4 0.04 %
New Flow Plumbing and Rooter Inc. (#,^) 6718 Katherin Ave, Van Nuys, CA 91405 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/12/2029 43.6 43.6 36.6 0.01 %
ACSS CPA, LLC (#,^) 1016 S Texas Blvd, Weslaco, TX 78599 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/12/2044 39.2 39.2 41.1 0.01 %
Prime Precision Machining, LLC (#,^) 845 Mandoline Ave, Madison Heights, MI 48071 Real Estate Term Loan Prime plus 2.75% 9/11/2044 267.9 267.9 278.8 0.08 %
Prime Precision Machining, LLC (#,^) 845 Mandoline Ave, Madison Heights, MI 48071 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/11/2029 200.8 200.8 176.4 0.05 %
Family Insight, P.C. (#,^) 3433 Brambleton Ave, Ste 104A, Roanoke, VA 24018 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/11/2029 226.6 226.6 226.5 0.07 %
Miami Squeeze Inc dba Miami Squeeze, LLC (#,^) 18315 W. Dixie Hwy, North Miami Beach, FL 33160 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/11/2029 105.4 105.4 94.2 0.03 %
Covert Recordings LLC (#,^) 31-65 138th St Apartment 3K, Flushing, NY 11354 Rental and Leasing Services Term Loan Prime plus 2.75% 9/11/2029 10.8 10.8 10.9 — %
Body on Cue Health and Fitness LLC (#,^) 129 A Orpha Drive, Middlebury, IN 46840 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/6/2029 41.1 41.1 34.8 0.01 %
Eco Electric LLC (#,^) 5380 Cameron St, Las Vegas, NV 89118 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/5/2029 60.7 60.7 50.3 0.01 %
Philly Games Inc.dba Queen & Rock Game Cafe (#,^) 607-609 S 2nd St, Philadelphia, PA 19147 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/5/2029 57.0 57.0 47.5 0.01 %
SVT Masonry Limited Liability Company (#,^) 1208 Houghton Lane, Bennington, VT 5201 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/5/2029 63.5 63.5 62.5 0.02 %
Thawk LLC (#,^) 1110 Willow Glen Drive, Yuba City, CA 95991 Administrative and Support Services Term Loan Prime plus 2.75% 8/30/2029 7.5 7.5 6.2 — %
No Push Backs, LLC (#) 2223 Dungan Ave, Bensalem, PA 19020 Personal and Laundry Services Term Loan Prime plus 6.5% 8/30/2029 11.2 11.2 10.6 — %
Dog House Sportfishing Charters Inc (#) 83413 Overseas Hwy, Islamorada, FL 33036 Scenic and Sightseeing Transportation Term Loan Prime plus 6.5% 8/30/2029 11.5 11.5 10.9 — %
3C Consumer Network & Designs LLC (#,^) 7676 Hillmont St, Ste 109, Houston, TX 77040 Real Estate Term Loan Prime plus 2.75% 8/29/2029 13.6 13.6 11.9 — %
Double Scoop Ice Cream, LLC (#,^) 2970 Stonecrest Pass, Lithonia, GA 30038 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/29/2044 94.7 94.7 98.9 0.03 %
Camror LTD dba Jersey Mike's (#,^) 5946 Meijer Drive, Cincinnati, OH 45150 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/29/2030 81.5 81.5 84.6 0.02 %
175
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
The BMF Media Group LLC (#,^) 50 West 23rd St, 7th floor, New York, NY 10010 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/29/2029 340.6 340.6 281.8 0.08 %
Crown Heights Bunch O Bagels & More Inc & 361 Bagel Holding LLC (#,^) 361 Troy Ave, Brooklyn, NY 11213 Food and Beverage Stores Term Loan Prime plus 2.75% 8/29/2029 36.3 36.3 37.6 0.01 %
Esquire Mini Mart LLC & Morgan Store Building LLC (#,^) 12595 S Somerton Ave, Yuma, AZ 85365 Food and Beverage Stores Term Loan Prime plus 2.75% 8/29/2029 46.5 46.5 44.2 0.01 %
Groton Bowling Center and Entertainment Inc (#,^) 27 Kings Hwy, Groton, CT 6340 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/29/2044 930.1 930.1 979.4 0.29 %
HRS2, LLC (#,^) 5410 Pipers Creek Court, Sugar Land, TX 77479 Nonstore Retailers Term Loan Prime plus 2.75% 8/28/2029 209.9 209.9 203.5 0.06 %
DB Talak LLC (#,^) 2018 SE 6th Ave, Portland, OR 97214 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/28/2029 80.1 80.1 82.9 0.02 %
Khari E. J. Myers dba Khari Imagery & 190 Minerva LLC (#,^) 190 Minerva St, Tonawanda, NY 14150 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/28/2044 58.8 58.8 65.5 0.02 %
Linsey Schwertdfeger,, Inc. (#,^) 740 Dennery Rd, San Diego, CA 92154 Repair and Maintenance Term Loan Prime plus 2.75% 8/28/2029 64.3 64.3 54.5 0.02 %
Blue Eagle Transport Inc.,Golden Eagle Tran and Green Eagle Transport (#,^) 377 Boston Post Rd, Milford, CT 6460 Couriers and Messengers Term Loan Prime plus 2.75% 8/28/2029 416.9 416.9 365.3 0.11 %
The Hometown Welcome Program, Inc & Fredric Anthony Gushwa (#,^) 107 S Nottawa St, Sturgis, MI 49091 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/27/2029 88.4 88.4 80.1 0.02 %
Maryland Urgent Care, Inc. (#,^) 9831 Greenbelt Rd Ste 208 (Unit H-2), Lanham, MD 20706 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/27/2044 45.1 45.1 48.3 0.01 %
ADA Internacional Inc (#,^) 10891 La Reina Rd, Ste 100, Delray Beach, FL 33446 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 8/26/2029 20.4 20.4 16.9 — %
Crystal S. Prado dba Crystal Clear Accounting (#) 34099 Tuscan Creek Way, Temecula, CA 92592 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 8/26/2029 2.9 2.9 2.8 — %
The Pet Stop, LLC (#,^) 106 South Washington St, Pleasantville, IA 50225 Personal and Laundry Services Term Loan Prime plus 2.75% 8/23/2029 6.8 6.8 5.8 — %
Elite Motors LLC (#,^) 1046-1050 Orange Ave, West Haven, CT 6516 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 8/23/2029 79.4 79.4 82.2 0.02 %
PJT Logistics, Inc. (#,^) 2-4 Commerce Way, Auburn, NY 13021 Truck Transportation Term Loan Prime plus 2.75% 8/23/2029 45.3 45.3 47.0 0.01 %
JLT Foods, LLC (#,^) 3294 Long Meadow Court, West Bloomfield Township, MI 48324 Food Manufacturing Term Loan Prime plus 2.75% 8/23/2029 19.5 19.5 16.2 — %
SRJ construction Corp (#,^) 8358 W Oakland Park Blvd. #203E, Sunrise, FL 33351 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/23/2029 10.4 10.4 8.9 — %
MS Integrated Psychotherapy & Counseling, LLC (#,^) 1157 Main St, Clifton, NJ 7011 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/22/2029 67.3 67.3 61.3 0.02 %
The Roux Southern Kitchen, LLC (#,^) 252 FM 3162, Sandia, TX 78383 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/22/2029 16.5 16.5 17.0 — %
MB Nursery LLC dba The Garden Center (#,^) 15562 HWY-South, Whitehouse, TX 75791 Administrative and Support Services Term Loan Prime plus 2.75% 8/21/2029 84.0 84.0 87.0 0.03 %
176
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Metro R Services Inc. and Metal & Roof Supplies, Inc. (#,^) 20 Universal Place, Carlstadt, NJ 7072 Repair and Maintenance Term Loan Prime plus 2.75% 8/21/2029 175.7 175.7 166.9 0.05 %
Auto Unique LLC (#,^) 305 W Main St, Mayo, FL 32066 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 8/20/2044 12.0 12.0 13.4 — %
William Martinez dba Bad Ass Coffee of Hawaii (#) 14101 Main St, Ste 4101, Hesperia, CA 92345 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/20/2029 20.8 20.8 17.7 0.01 %
Signature Rooms, Inc. (#,^) 2066 Route 112, Medford, NY 11763 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 8/19/2029 153.0 153.0 158.5 0.05 %
Accent Home Services LLC dba Benjamin Franklin Plumbing of Kansas City (#,^) 7748 Troost Ave, Kansas City, MO 64131 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/15/2029 102.0 102.0 95.0 0.03 %
AJN Innovations LLC dba Burgerim (#) 6704 Main St, Miami Lakes, FL 33014 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/15/2031 109.8 109.8 93.0 0.03 %
American Healthy Vending, Inc (#,^) 5951 NW 151 St, Hialeah, FL 33014 Nonstore Retailers Term Loan Prime plus 2.75% 8/15/2029 96.4 96.4 85.5 0.03 %
Accelerate Educational Solutions, LLC dba Tutor My Success (#,^) 135 Clove Branch Rd, Hopewell Junction, NY 12533 Educational Services Term Loan Prime plus 2.75% 8/14/2029 15.6 15.6 13.0 — %
Ranson Excavating, Inc (#,^) 8343 Kaula Drive, Fair Oaks, CA 95628 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/13/2029 13.6 13.6 11.2 — %
KM Electrical Services, Inc (#,^) 4348 Waialae Ave Unit 315, HONOLULU, HI 96816 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/12/2029 70.3 70.3 58.4 0.02 %
Love Playing LLC (#) 2200 Eastridge Loop, San Jose, CA 95122 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/9/2030 165.4 165.4 145.5 0.04 %
Elixir Enterprises, LLC dba Guilford Renee's (#,^) 637 Boston Post Rd, Guilford, CT 6437 Food and Beverage Stores Term Loan Prime plus 2.75% 8/8/2029 17.7 17.7 14.7 — %
A & S Services LLC dba Kona Ice of Troy (#) 3888 Lightner Rd, Vandalia, OH 45377 Food Services and Drinking Places Term Loan Prime plus 6.5% 8/7/2029 11.5 11.5 10.9 — %
Accord Law, APC (#,^) 82555 Grass Flat Lane, Indio, CA 92203 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/2/2029 6.8 6.8 5.6 — %
Leader Engineering-Fabrication, Inc. (#,^) 695 Independence DrIive, Napoleon, OH 43545 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 8/2/2029 113.5 113.5 117.6 0.03 %
Billy Auto Inc (#,^) 632 N Broadway, Amityville, NY 11701 Repair and Maintenance Term Loan Prime plus 2.75% 7/31/2044 317.7 317.7 320.1 0.09 %
East Coast Flight Services, Inc and Aviation Consulting Enterprise (#,^) 27603 Parkway Rd, Easton, MD 21601 Air Transportation Term Loan Prime plus 2.75% 7/31/2029 518.1 518.1 454.8 0.13 %
Genecco Produce, Inc. & Leo Genecco & Sons, Inc. (#,^) 1850 Rochester Rd, Canadaigua, NY 14424 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 7/31/2029 707.5 707.5 667.4 0.20 %
Joseph Centonze dba Off Kilter Kilts (#,^) 27720 Ave Scott, Santa Clarita, CA 91355 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 7/31/2029 4.7 4.7 3.9 — %
St. Francis Home Health Inc (#,^) 5246 SW 8th St 103B, Coral Gables, FL 33134 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/31/2029 67.6 67.6 55.9 0.02 %
Humd, LLC dba La Rosa Chicken and Grill (#) 3111 N. University Drive, Coral Springs, FL 33065 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/31/2030 128.3 128.3 111.3 0.03 %
Gray Rock Quarry, LLC and William E Dailey III (#,^) 54 West Milton Rd, Milton, VT 5468 Mining (except Oil and Gas) Term Loan Prime plus 2.75% 7/31/2044 440.6 440.6 410.9 0.12 %
177
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
La Mount Group LLC (#,^) 3111 Princeton Rd, Hamilton, OH 45011 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/31/2029 229.8 229.8 190.1 0.06 %
Living Spring Home Health Inc. (#,^) 18350 Kedzie Ave Ste 204, Homewood, IL 60430 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/31/2029 121.7 121.7 110.5 0.03 %
Canyon Lake Kids Academy, LLC (#,^) 130 Charter Oak Drive, Canyon Lake, TX 78133 Social Assistance Term Loan Prime plus 2.75% 7/31/2044 96.0 96.0 101.8 0.03 %
Quick and Quality Services dba Bella Roma Pasta & Pizza & Farshad (#,^) 28940 Golden Lantern, Laguna Niguel, CA 92677 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/31/2029 10.3 10.3 9.2 — %
Dant A Sandras, D.D.S. LLC (#,^) 13373 Hwy 3235, Larose, LA 70373 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/30/2029 197.1 197.1 169.1 0.05 %
Jbelis Stop N' Go, LLC dba Planet Smoothie (#,^) 2565 E 17th St, Ammons, ID 83406 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/30/2029 17.7 17.7 14.9 — %
Platt & Associates, LLC dba Flag Staff Apparel, Platt & Associates, LL (#,^) 288 North Industrial Park Drive, Liberty, MS 39645 Apparel Manufacturing Term Loan Prime plus 2.75% 7/30/2044 55.0 55.0 60.1 0.02 %
Grad Street LLC (#) 2437 Corinth Ave Apt 130, Los Angeles, CA 90064 Nonstore Retailers Term Loan Prime plus 6.5% 7/30/2029 7.3 7.3 6.9 — %
Aeromax Industries, Inc, HITM, Inc and TMCB LLC (#,^) 9027 Canoga Ave, Canoga Park, CA 91301 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 7/30/2044 770.8 770.8 775.2 0.23 %
Micheal Birch and Tracy M. Pierce (#,^) E 2947 H-44, Traunik, MI 49891 Gasoline Stations Term Loan Prime plus 2.75% 7/29/2044 53.1 53.1 57.3 0.02 %
Moore Chiropractic Center, P.A. (#,^) 936 Roosevelt Trail Unit 1 & 2, Windham, ME 4062 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/26/2029 8.2 8.2 8.3 — %
Sou's LLC (#,^) 739 NE MLK Blvd, Portland, OR 97221 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/26/2029 5.4 5.4 4.9 — %
Power Associates Inc. (#,^) 2766 West Good CT, Boise, ID 83702 Real Estate Term Loan Prime plus 2.75% 7/26/2029 13.5 13.5 11.2 — %
Dan Dahlin Inc. (#,^) 16465 MN-65, Ham Lake, MN 55304 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/26/2044 399.7 399.7 445.4 0.13 %
Franklin Care Pharmacy Incorporated (#,^) 520 N Franklintown Rd, Baltimore, MD 21223 Health and Personal Care Stores Term Loan Prime plus 2.75% 7/25/2029 48.9 48.9 50.6 0.01 %
A&W ALF, LLC dba A & W Assisted Living Facility (#,^) 6600 Liberty Rd, Gwynn Oak, MD 21207 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 7/24/2044 98.1 98.1 107.3 0.03 %
Hardrock Alpha Enterprises, LLC (#,^) 5101 Stine Rd, Bakersfield, CA 93313 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/19/2029 14.2 14.2 12.1 — %
700 Services Inc.dba 700 Credit Repair (#,^) 1201 N Goliad St, Rockwall, TX 75087 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 7/19/2029 6.8 6.8 5.6 — %
Lawrence Adeyemo & Co LLC (#) 209-34 112 Ave, Queens Village, NY 11429 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 7/19/2029 9.2 9.2 8.7 — %
Ameritube, LLC (#,^) 1000 North Hwy 77, Hillsboro, TX 76645 Primary Metal Manufacturing Term Loan Prime plus 2.75% 7/18/2029 108.9 108.9 112.8 0.03 %
JDM2 Water Station LLC (#,^) 125 Chestnut Hill Drive, York, PA 17408 Nonstore Retailers Term Loan Prime plus 2.75% 7/18/2029 188.5 188.5 173.7 0.05 %
Bonfire Hot Yoga LLC (#,^) 3665 SW Hall Blvd, Beaverton, OR 97005 Educational Services Term Loan Prime plus 2.75% 7/18/2029 7.4 7.4 6.3 — %
Baton Rouge Cargo Services Inc (#,^) 6013 McRaven Rd, Jackson, MS 39209 Support Activities for Transportation Term Loan Prime plus 2.75% 7/17/2044 286.4 286.4 296.9 0.09 %
178
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
The Bean Coffee Co. LLC (#) 112 South Main St, Spring Hill, KS 66083 Food Services and Drinking Places Term Loan Prime plus 6.5% 7/17/2029 11.5 11.5 10.8 — %
Garage Floor Coating of MN.com,LLC (#,^) 6701 West 23rd St, St. Louis Park, MN 55426 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/16/2044 976.1 976.1 992.6 0.29 %
Bouquet Canyon Kennels (#,^) 29973 Bouquet Canyon Rd, Santa Clarita, CA 91390 Personal and Laundry Services Term Loan Prime plus 2.75% 7/16/2044 294.5 294.5 294.8 0.09 %
Adam Family Bowl Inc (#,^) 1504 Chestnut St, Mishawaka, IN 46545 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/16/2044 130.0 130.0 137.9 0.04 %
Beacon Metal Fabricators, Inc. (#,^) 5425-D Hamilton Ave, Cleveland, OH 44114 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 7/12/2029 63.1 63.1 58.8 0.02 %
Last Touch, LLC (#,^) 1612 Jackson St, Spirit Lake, IA 51360 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 7/11/2044 99.4 99.4 101.6 0.03 %
D DeGregoria LLC dba The UPS Store 4235 Massapequa (#,^) 4940 Merrick Rd, Massapequa Park, NY 11762 Couriers and Messengers Term Loan Prime plus 2.75% 7/10/2029 71.4 71.4 60.8 0.02 %
Menskha Inc (#) 88 High St, Mountclair, NJ 7042 Ambulatory Health Care Services Term Loan Prime plus 6.5% 7/10/2029 11.5 11.5 10.8 — %
Nash-Delphia LLC (#,^) 2135 Gallatin Pike N, Store 4, Madison, TN 37115 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 7/2/2029 13.4 13.4 12.2 — %
Advance Transit LLC (#,^) 574-614 Tonnelle Ave, Jersey City, NJ 7307 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 6/28/2044 746.0 746.0 827.9 0.24 %
Anderson Companies LLC (#,^) 3015 S White Horse Pike, Hammonton, NJ 8037 Administrative and Support Services Term Loan Prime plus 2.75% 6/28/2044 203.1 203.1 222.7 0.07 %
Port Huron Ophthalmology, PLLC dba Black River Optical (#,^) 1033 River St, Port Huron, MI 48060 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/28/2029 13.4 13.4 12.2 — %
Kim Howard Corp dba NPN Machine Tools (#,^) 9130 Wayfarer Ln, Houston, TX 77075 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/28/2029 197.2 197.2 206.7 0.06 %
Jian Yang and Kanger House LLC (#,^) 48 Horse Hill Rd, Cedar Knolls, NJ 7927 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 6/27/2029 107.5 107.5 97.9 0.03 %
Nevada Recycling and Salvage LTD, AMCB LLC (#,^) 1085 Telegraph St, Reno, NV 89502 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/28/2044 1,222.1 1,222.1 1,308.9 0.39 %
Sundown Audio, LLC (#,^) 514 West 21St St, Newton, NC 28658 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 6/28/2044 887.4 887.4 955.0 0.28 %
Balboa Fashion LLC (#,^) 1016 S. Towne Ave, Unit 123, Los Angeles, CA 90021 Apparel Manufacturing Term Loan Prime plus 2.75% 6/28/2029 6.7 6.7 6.1 — %
Baobab Asset Management LLC (#,^) 2 Greenwich Office Park, Ste 260, Greenwich, CT 6831 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/28/2029 45.8 45.8 41.5 0.01 %
Southern Specialties Transportation LLC (#,^) 116 Toledo Drive, Lafayette, LA 70506 Truck Transportation Term Loan Prime plus 2.75% 6/28/2029 131.0 131.0 134.3 0.04 %
Richmond Street Partners, LLC (#,^) 200 E Chestnut St, Chicago, IL 60611 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 6/28/2029 87.4 87.4 79.9 0.02 %
Crestview Ridge Farms LLC (#,^) 1172 Co Rd 956, Ashland, OH 44805 Crop Production Term Loan Prime plus 2.75% 6/28/2044 526.0 526.0 579.3 0.17 %
K & K Restaurant LLC (#,^) 6607 S Central Ave, Phoenix, AZ 85042 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/28/2044 131.8 131.8 148.2 0.04 %
Big Picture Group LLC (#,^) 935 N La Jolla, Los Angeles, CA 90046 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/28/2029 137.2 137.2 124.6 0.04 %
179
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
5161 LLC (#,^) 1478 E Mountain Drive, Santa Barbara, CA 93108 Nonstore Retailers Term Loan Prime plus 2.75% 6/28/2029 566.7 566.7 584.4 0.17 %
Upul's Travel Service & Tours Inc (#,^) 654 Shoppers Lane, Covina, CA 91723 Administrative and Support Services Term Loan Prime plus 2.75% 6/28/2029 251.7 251.7 228.6 0.07 %
Upul's Travel Service & Tours Inc (#,^) 654 Shopping Lane, Covina, CA 91723 Administrative and Support Services Term Loan Prime plus 2.75% 6/28/2044 343.5 343.5 358.5 0.11 %
Good News Cafe, LLC (#,^) 694 Main St South, Woodbury, CT 6798 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/28/2044 244.1 244.1 262.6 0.08 %
NJ Floats Inc (#,^) 66 Twin Oaks Rd, Bridgewater, NJ 8807 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/28/2044 172.6 172.6 197.2 0.06 %
Ailky Corporation & Wyspen (#,^) 352 Bedford St, Lakeville, MA 2347 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/27/2029 43.6 43.6 39.6 0.01 %
Pawfection Pet Services LLC (#,^) 177 W Cottonwood Ln, Ste 12, Casa Grande, AZ 85122 Personal and Laundry Services Term Loan Prime plus 2.75% 6/27/2029 9.4 9.4 8.6 — %
Boucherie US Inc (#,^) 251 Little Falls Drive, Wilmington, DE 19807 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/27/2029 1,077.8 1,077.8 978.7 0.29 %
Tim's Truck Capital & Auto Sales, Inc (#,^) 904 Suncook Valley Hwy, Epsom, NH 3234 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/27/2029 190.2 190.2 199.3 0.06 %
S & T Hardware Inc (#,^) 2300 Nooseneck Hill, Coventry, RI 2816 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/27/2044 196.7 196.7 224.8 0.07 %
Moon Landscaping, Inc, Moon Group, Inc moon Nursery, Inc, Moon Site (#,^) 145 Moon Rd, Chesapeake City, MD 21915 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 6/27/2029 1,128.4 1,128.4 1,125.1 0.33 %
Shooter's Gun Club, LLC (#) 2429 Iowa St Stes B, C and D, Lawrence, KS 66046 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/27/2030 174.0 174.0 162.2 0.05 %
BB Services, LLC (#,^) 580 39 Rd, Palisade, CO 81526 Truck Transportation Term Loan Prime plus 2.75% 6/27/2029 103.7 103.7 96.7 0.03 %
Crescent Event Productions, Inc (#,^) 1327 Wood Branch Drive, Charlotte, NC 28273 Administrative and Support Services Term Loan Prime plus 2.75% 6/27/2029 313.3 313.3 292.6 0.09 %
Selective Automotive & Accessories Group, Inc (#,^) 2221 Pelham Parkway, Pelham, AL 35124 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/26/2029 223.7 223.7 214.7 0.06 %
Tekoa Enterpises, Inc (#,^) 1033 Cannon Bridge Rd, Cordova, SC 29039 Truck Transportation Term Loan Prime plus 2.75% 6/26/2029 51.7 51.7 49.0 0.01 %
Soft Touch Tissue & Paper LLC (#,^) 1491 Hammond St, Bangor, ME 4401 Paper Manufacturing Term Loan Prime plus 2.75% 6/26/2044 229.9 229.9 262.6 0.08 %
RWBB Enterprises, LLC (#,^) 4120 7th Ave, Kenosha, WI 53140 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/26/2044 74.3 74.3 82.7 0.02 %
Lynx Inspection Technologies LLC (#,^) 8101 Miller Rd 2, Houston, TX 77049 Support Activities for Mining Term Loan Prime plus 2.75% 6/26/2044 564.1 564.1 644.5 0.19 %
JFK Transportation Inc (#,^) 4 Mechanic St, Natick, MA 1760 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 6/26/2029 93.0 93.0 87.3 0.03 %
Child Care Ventures LLC dba Childcare Adventures ELC (#,^) 3542 Glendale Ave, Toledo, OH 43614 Social Assistance Term Loan Prime plus 2.75% 6/26/2044 144.0 144.0 152.3 0.04 %
All-City Towing LLC, Jeffrey James Piller (#,^) 1213 W Mallory Ave, Milwaukee, WI 53221 Support Activities for Transportation Term Loan Prime plus 2.75% 6/26/2029 362.3 362.3 356.3 0.10 %
180
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Soft Touch Tissue & Paper LLC (#) 1491 Hammond, Bangor, MA 4401 Paper Manufacturing Term Loan Prime plus 2.75% 12/26/2029 104.9 104.9 110.3 0.03 %
Paradise Towing & Recovery Inc (#,^) 1115 S Homer Blvd, Sanford, NC 27330 Repair and Maintenance Term Loan Prime plus 2.75% 6/25/2029 95.1 95.1 94.2 0.03 %
Vanchoc Transport Inc (#,^) 137 3rd St, Brooklyn, NY 11231 Rental and Leasing Services Term Loan Prime plus 2.75% 6/25/2029 39.0 39.0 37.6 0.01 %
Spartan Technology Solutions, Inc (#,^) 125 Venture Blvd, Spartanburg, SC 29306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/25/2044 477.0 477.0 511.3 0.15 %
Worldwide Capital Management Inc. (#,^) 6 Venture Ste 305, Irvine, CA 92618 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/25/2029 129.8 129.8 117.9 0.03 %
Professional Tire Limited Liability Company (#,^) 6655 Country Rd 32, Norwich, NY 13815 Repair and Maintenance Term Loan Prime plus 2.75% 6/25/2044 136.2 136.2 147.8 0.04 %
567 Logistics, LLC (#,^) 1924 Ruffin Mill Rd, Colonial Heights, VA 23834 Support Activities for Transportation Term Loan Prime plus 2.75% 6/25/2029 44.7 44.7 42.1 0.01 %
Paradise Towing & Recovery Inc (#,^) 1115 S. Horner Blvd, Sanford, NC 27330 Repair and Maintenance Term Loan Prime plus 2.75% 6/25/2044 71.7 71.7 81.8 0.02 %
Krsto, LLC dba Italian Butter Breadsticks (#,^) 34683 Nova Dr, Clinton Twp, MI 48035 Food Manufacturing Term Loan Prime plus 2.75% 6/24/2044 186.3 186.3 205.5 0.06 %
Sweets By Karla LLC (#,^) 3273 South John Young Parkway, Kissimmee, FL 34746 Food Manufacturing Term Loan Prime plus 2.75% 6/24/2029 11.5 11.5 10.4 — %
Scissor Kids Inc (#,^) 63 Hebron Ave, Ste F, Glastonbury, CT 6033 Personal and Laundry Services Term Loan Prime plus 2.75% 6/24/2029 14.5 14.5 13.3 — %
Peninsula Self Defense LLC (#,^) 2766 Bay Rd, Redwood City, CA 94063 Educational Services Term Loan Prime plus 2.75% 6/21/2029 4.7 4.7 4.4 — %
Small Batch Creations Inc. dba The Office Bar & Grill (#,^) 295 E WASHINGTON AVE, SUNNYVALE, CA 94086 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/21/2029 54.3 54.3 49.4 0.01 %
Port Diesel L.L.C. (#) 3212 Alex Trask Drive, Castle Hayne, NC 28429 Repair and Maintenance Term Loan Prime plus 6.5% 6/21/2029 11.4 11.4 11.8 — %
LuLuBelle's Mountain Banana Bread LLC (#) 1063 Carousel Rd, Lake Arrowhead, CA 92352 Food Manufacturing Term Loan Prime plus 2.75% 12/21/2045 250.0 250.0 272.6 0.08 %
William Rose Inc (#,^) 1 Grace Cove Rd, New Shoreham, RI 2807 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/21/2044 85.4 85.4 85.9 0.03 %
Campuscuts LLC (#) 930 Robtrice Ct, Edmond, OK 73430 Personal and Laundry Services Term Loan Prime plus 6.5% 6/21/2029 6.8 6.8 7.1 — %
Central Texas Hygiene, LLC. (#,^) 10201 McKalla Place, Austin, TX 78758 Administrative and Support Services Term Loan Prime plus 2.75% 6/20/2029 77.5 77.5 70.4 0.02 %
International Institute for Learning Inc. (#,^) 110 E 59th St ,31st floor, New York, NY 10022 Educational Services Term Loan Prime plus 2.75% 6/19/2029 268.5 268.5 243.8 0.07 %
Beck's Pub & Grill LLC (#,^) N6630 WI-49, Weyauwega, WI 54983 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/19/2044 68.4 68.4 76.0 0.02 %
Zion Motors Inc (#,^) 6949 Wall Triana Hwy, Madison, AL 35757 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/19/2044 59.3 59.3 64.2 0.02 %
Bader Furniture Company Inc. (#,^) 704 N Liberty St, Shamokin, PA 17872 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 6/19/2029 6.7 6.7 7.0 — %
Bonadi Inc. dba Polished Salon (#) 9858 W Sample Rd, Coral Springs, FL 33065 Personal and Laundry Services Term Loan Prime plus 6.5% 6/17/2029 11.4 11.4 11.8 — %
181
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
American Demolition, Inc (#,^) 401 N Kuner Rd, Brighton, CO 80601 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/17/2029 174.0 174.0 182.4 0.05 %
JLM Consulting LP (#,^) 3981 E Dunrobin Dr., Springfield, MO 65809 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/17/2029 17.7 17.7 16.1 — %
Comarco Quality Pork Products Inc, Comarco Pork Products of FL LLC (#,^) 501 Jackson St, Camden, NJ 8104 Food Manufacturing Term Loan Prime plus 2.75% 6/14/2029 277.7 277.7 267.5 0.08 %
Kego 2 LLC dba Jon Smith Subs 80025 (#,^) 2001 W. Southlake Blvd Ste 143, Southlake, TX 76092 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/14/2029 98.4 98.4 91.8 0.03 %
A & S Services LLC dba Kona Ice of Troy (#,^) 3888 Lightner Rd, Vandalia, OH 45377 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/14/2044 43.9 43.9 48.7 0.01 %
Law Office of Paula Padilla PLLC (#) 2211 E Highland Ave Ste 130, Phoenix, AZ 85016 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 6/13/2029 4.6 4.6 4.7 — %
Picon Motors LLC dba The New Young's Motors (#,^) 199-211 Central Ave, Orange, NJ 7080 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/12/2029 213.8 213.8 217.3 0.06 %
GT Performance Plus Inc (#,^) 4210 College St, Beaumont, TX 77707 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/11/2044 96.8 96.8 107.5 0.03 %
Ivesters Transportation, Inc (#,^) 4299 South 2675 West, Roy, UT 84067 Truck Transportation Term Loan Prime plus 2.75% 6/11/2029 223.5 223.5 208.7 0.06 %
GT Performance Plus Inc (#,^) 4210 College St, Beaumont, TX 77707 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/11/2029 68.2 68.2 62.7 0.02 %
Independent Transport, LLC dba Independent Water (#,^) 3739 E Ridgeway Rd, Orange, CA 92867 Nonstore Retailers Term Loan Prime plus 2.75% 6/10/2029 182.8 182.8 177.9 0.05 %
Archer Cleaners Inc (#) 1514 W. 33rd St, Chicago, IL 60608 Personal and Laundry Services Term Loan Prime plus 6.5% 6/10/2029 11.4 11.4 11.8 — %
J&A Elliott Company (#,^) 1118 Thornberry Dr, Clarksville, TN 37043 Nonstore Retailers Term Loan Prime plus 2.75% 6/7/2029 9.4 9.4 9.8 — %
Neely Motorsports, Inc dba Earl's Store #1;Earl's Performance Plumbing (#,^) 15825-15827 Hawthorne Blve, Lawndale, CA 90260 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/7/2044 236.4 236.4 260.0 0.08 %
Throop Family Holding Inc dba Klamath Basin Metals and Supply (#,^) 7130 Crater Lake Hwy, White City, OR 97503 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/7/2029 35.8 35.8 34.1 0.01 %
Johnny's Boy LLC (#,^) 127 East King St, Martinsburg, WV 25401 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/7/2044 99.4 99.4 108.6 0.03 %
Allison K. Chipak dba Still Photography (#) 195 Terrace Place, Apt. 2, Brooklyn, NY 11218 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 6/6/2029 11.4 11.4 11.8 — %
Skin Beauty Bar Inc (#,^) 749 8th St, Washington, DC 20003 Personal and Laundry Services Term Loan Prime plus 2.75% 6/6/2029 4.7 4.7 4.3 — %
Jamestown Quick Stop LLC (#,^) 3097 24th Ave, Hudsonville, MI 49426 Food and Beverage Stores Term Loan Prime plus 2.75% 6/5/2044 68.2 68.2 73.7 0.02 %
Preferred Manufacturing Services Inc (#,^) 4261 Business Drive, Cameron Park, CA 95682 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/5/2029 425.1 425.1 445.4 0.13 %
Oasis Senior Advisors Franchise Systems, LLC (#,^) 24870 Burnt Pine Drive, Bonita Springs, FL 34134 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Term Loan Prime plus 2.75% 6/4/2029 272.5 272.5 281.6 0.08 %
Evoke Growth Advisory LLC (#,^) 2600 Brookwood Way Drive, Unit 311, Rolling Meadows, IL 60008 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/3/2029 6.7 6.7 6.1 — %
182
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
G.S.A.T. Restoration Inc. dba Paul Davis Restoration & Remodeling (#,^) 1450 Oakbrook Dr, Norcross, GA 30093 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/31/2029 104.5 104.5 97.0 0.03 %
V & M Transportation LLC (#,^) 1307 27th St Apt B, North Bergen, NJ 7047 Truck Transportation Term Loan Prime plus 2.75% 5/31/2029 11.7 11.7 10.6 — %
Martin Inventory Management, LLC (#,^) 304 1/2 Main St, Edgefield, SC 29824 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/31/2029 44.4 44.4 46.2 0.01 %
Morey Publishing LLC (#,^) 575 Underhill Blvd, Ste 216, Syosset, NY 11791 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/31/2029 55.6 55.6 50.8 0.01 %
SSD Designs, LLC (#,^) 486 Vance St, Forest City, NC 28043 Chemical Manufacturing Term Loan Prime plus 2.75% 5/30/2044 415.8 415.8 470.4 0.14 %
Aspen Welding LLC (#,^) 28803 US-6, Rifle, CO 81650 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 5/30/2044 399.4 399.4 439.0 0.13 %
Inside & Out Maintenance LLC (#,^) 1698 SW Pancoast St, Port St Lucie, FL 34987 Administrative and Support Services Term Loan Prime plus 2.75% 5/30/2029 89.0 89.0 81.3 0.02 %
AGR, Inc (#,^) 2-255555 Kaumualii Hwy, Kalaheo, HI 96741 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/29/2044 770.8 770.8 868.4 0.26 %
Brooklyn Breakfast Shop LLC (#,^) 7707 S IH 35 Frontage Rd #730, Austin, TX 78744 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/29/2029 4.4 4.4 4.2 — %
Canela Media Inc (#,^) 2715 Palomino Circle, La Jolla, CA 92037 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/29/2029 105.6 105.6 99.2 0.03 %
PD Financial LLC (#,^) 364 Parsippany Rd, Unit 7-B, Parsippany, NJ 7054 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 5/28/2044 35.7 35.7 40.4 0.01 %
SV Enterprise LLC dba Haagen-Dazs (#,^) 1885 Briargate Pkwy, Space D-413, Colorado Springs, CO 80920 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/24/2029 82.5 82.5 75.1 0.02 %
MCM Design LLC (#) 5926 Vinings Vintage Way, Mableton, GA 30126 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 5/23/2029 8.8 8.8 9.1 — %
Top Notch Roofing, Inc (#,^) 46 Cherry St, Milton, VT 5468 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/23/2029 109.3 109.3 101.9 0.03 %
2820 US HWY 98 N LLC dba Total Package Car Wash (#) 2820 US Hwy 98 N, Lakeland, FL 33805 Repair and Maintenance Term Loan Prime plus 2.75% 5/23/2029 118.6 118.6 123.2 0.04 %
McGuckin & Pyle Inc (#,^) 120 Corporate Ln, New Bern, NC 28562 Machinery Manufacturing Term Loan Prime plus 2.75% 5/23/2044 301.1 301.1 331.1 0.10 %
Clowers Trucking By Faith LLC (#) 705 E Brookwood PL, Valdosta, GA 31601 Truck Transportation Term Loan Prime plus 6.5% 5/23/2029 11.2 11.2 11.6 — %
Gratitude Training, LLC (#,^) 1901 N Federal Hwy, Ste 212, Pompano Beach, FL 33062 Administrative and Support Services Term Loan Prime plus 2.75% 5/22/2029 68.2 68.2 62.0 0.02 %
ES&A, INC., A LAW CORPORATION (#,^) 1003 Bishop St, Honolulu, HI 96813 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/22/2029 100.0 100.0 91.5 0.03 %
Bloomquist Communications Inc. dba FastSigns (#,^) 131 East Trinity Place, Decatur, GA 30030 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 5/22/2029 13.3 13.3 12.3 — %
Anchor Up Fitness and Nutrition, LLC (#,^) 2464 US-29, Pensacola, FL 32505 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/21/2029 18.0 18.0 17.4 0.01 %
Kappa Investments LLC dba Buddy's Home Furnishings (#,^) 365 Lowe's Drive, Ste H, Danville, VA 24540 Rental and Leasing Services Term Loan Prime plus 2.75% 5/17/2029 385.6 385.6 351.4 0.10 %
183
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Covalent Holding LLC (#,^) 18 West Chestnut St,Unit 2F, Chicago, IL 60610 Nonstore Retailers Term Loan Prime plus 2.75% 5/17/2029 219.8 219.8 214.8 0.06 %
BD Branson Victorian LLC dba Branson Surrey Inn (#,^) 430 a/k/a 450 South Hwy 165, Branson, MO 65616 Accommodation Term Loan Prime plus 2.75% 5/17/2029 227.0 227.0 237.8 0.07 %
CJNR LLC dba Chenney Bear Cafe, Elma Lodge & Suites, Parkhurst Motel (#,^) 208 East Main St, Elma, WA 98541 Accommodation Term Loan Prime plus 2.75% 5/16/2029 16.7 16.7 17.5 0.01 %
Cut To The Chase 502 LLC (#,^) 6903 Lakegreen Ct, Louisville, KY 40291 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/16/2029 3.0 3.0 2.9 — %
AMP Trucking Inc (#,^) 1030 Gettysburg Ave, Clovis, CA 93161 Truck Transportation Term Loan Prime plus 2.75% 5/16/2029 231.9 231.9 210.6 0.06 %
Two Pie Lovers LLC dba Pizza Outpost (#,^) 302 E. Millitary Hwy U1122, Brackettville, TX 78832 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/10/2044 42.7 42.7 47.5 0.01 %
The Lobster Pot Inc (#,^) 119 Hope St, Bristol, RI 2809 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/10/2044 360.6 360.6 401.9 0.12 %
Aloha To Go LLC (#,^) 5903 Seminole Blvd, Seminole, FL 33772 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/9/2029 13.8 13.8 12.6 — %
Crystal D. Walls dba Crystal's Cleaning Service (#) 26 Cooper Rd, Byhalia, MS 38611 Administrative and Support Services Term Loan Prime plus 6.5% 5/9/2029 9.1 9.1 9.4 — %
Blue Country Firearms LLC (#,^) 221 N Main St, Kingsfisher, OK 73750 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/8/2044 20.5 20.5 21.7 0.01 %
NYM Solutions Inc.dba NYM Solutions, Inc (#) 12150 SW 128th St CT Ste 209, Miami, FL 33186 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 5/6/2029 11.3 11.3 11.7 — %
Folklore Music Exchange LLC (#,^) 617 Tennessee Ave, Charleston, WV 25302 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 5/6/2029 4.6 4.6 4.1 — %
EPIFAB,LLC (#,^) 1341 Brooks St Unit D, Ontario, CA 91762 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 5/3/2029 18.9 18.9 18.0 0.01 %
Global Enterprises LLC dba Verdi Pizza (#,^) 3111 S Valley View Blvd, Las Vegas, NV 89102 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/3/2029 18.5 18.5 16.8 — %
Life View Prenatal Imagery, LLC (#,^) 312 79th Ave North, Myrtle Beach, SC 29572 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/3/2029 5.4 5.4 5.1 — %
Mark Garvin dba Tipsy Canyon Winery (#,^) 150 Upper Joe Creek Rd, Manson, WA 98831 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 5/3/2044 103.6 103.6 118.2 0.03 %
Art Amore Studios, LLC (#,^) 6507 Jester Blvd, Ste #107, Austin, TX 78750 Educational Services Term Loan Prime plus 2.75% 5/3/2029 4.9 4.9 4.5 — %
Modern Trousseau, LLC (#,^) 125 Bradley Rd, Woodbridge, CT 6525 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 5/1/2029 277.8 277.8 279.9 0.08 %
DeVega Juice Co, - East Cobb, LLC dba Clean Juice Johnson Ferry (#,^) 1205 Johnson Ferry Rd Ste 124, Marietta, GA 30068 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2029 57.0 57.0 58.0 0.02 %
Midlothian Hardware, Inc dba Grills True Value (#,^) 475 West 147th St, Midlothian, IL 60445 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 4/29/2029 35.3 35.3 37.0 0.01 %
Sona USA, Inc (#,^) 15280 NW 79th Ct Ste 109, Miami Lakes, FL 33016 Telecommunications Term Loan Prime plus 2.75% 4/26/2029 145.7 145.7 139.1 0.04 %
Pellegrin Marine Transportation, LLC (#,^) 117 Country Village Drive, Raceland, LA 70394 Support Activities for Transportation Term Loan Prime plus 2.75% 4/26/2029 116.8 116.8 111.0 0.03 %
184
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
ASM Partners LLC (#,^) 1619 Roberts Drive SE, Mableton, GA 30126 Nonstore Retailers Term Loan Prime plus 2.75% 4/26/2029 215.6 215.6 209.7 0.06 %
Jones Roger Sherman Inn, Inc. (#,^) 195 Oenoke Ridge, New Canaan, CT 6840 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/25/2029 132.1 132.1 138.5 0.04 %
La Dolce Vita LLC. (#,^) 196 N. Holiday Rd, Miramar Beach, FL 32550 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/25/2044 459.1 459.1 514.8 0.15 %
La Dolce Vita, LLC, La Dolce Vita Watersports LLC, LDV Golf Cart (#,^) 196 N. Holiday Rd, Miramar Beach, FL 32550 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/25/2029 441.5 441.5 419.4 0.12 %
Quality Living Medical Alert, LLC (#,^) 1882 Capital Circle NE, Ste 104, Tallahassee, FL 32308 Social Assistance Term Loan Prime plus 2.75% 4/24/2029 48.6 48.6 47.1 0.01 %
ER & DC McPherson Holdings, LLC (#,^) 6957 W Broward Blvd., Plantation, FL 33317 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/19/2029 42.9 42.9 39.4 0.01 %
All My Best Inc. (#,^) 4320 Anthony Court Stes 1,2,3, Rocklin, CA 95677 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 4/19/2029 55.3 55.3 51.8 0.02 %
2Choice2Friends dba 2 N 1 Salad Bar and Grill (#) 901 W Braker Lane, Austin, TX 78758 Food Services and Drinking Places Term Loan Prime plus 6.5% 4/17/2029 11.3 11.3 11.7 — %
Modern Demo & Services LLC (#,^) 10161 W Park Run Drive, Las Vegas, NV 89145 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/17/2029 110.4 110.4 101.4 0.03 %
Expert Building Services LLC (#,^) 74 Roosevelt St, Pequannock Township, NJ 7440 Administrative and Support Services Term Loan Prime plus 2.75% 4/17/2029 18.0 18.0 16.4 — %
Bottles on Broadway, LLC (#,^) 1083 North Broadway, North Massapequa, NY 11758 Food and Beverage Stores Term Loan Prime plus 2.75% 4/17/2029 113.7 113.7 104.8 0.03 %
Rello, Inc. dba ID Salon (#) 8063 Jericho Turnpike, Woodbury, NY 11797 Personal and Laundry Services Term Loan Prime plus 6.5% 4/17/2029 5.4 5.4 5.6 — %
Cormac Enterprises, Inc (#,^) 1205 38th Ave North, Myrtle Beach, SC 29577 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 4/16/2029 19.9 19.9 18.3 0.01 %
Pranamji Inc dba Ohara's Beverage Spot (#,^) 2300 Levit Rd, Lorain, OH 44052 Food and Beverage Stores Term Loan Prime plus 2.75% 4/16/2044 46.0 46.0 49.6 0.01 %
Bill Berger LLC (#,^) 8728 Tireman Ave, Detroit, MI 48204 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 4/12/2029 7.9 7.9 7.2 — %
Samco Food Corp dba C-Town Supermarket (#,^) 1761 Nostrand Ave, Brooklyn, NY 11226 Food and Beverage Stores Term Loan Prime plus 2.75% 4/12/2029 88.3 88.3 80.2 0.02 %
P. Moss Enterprises, LLC dba Garage Experts-Mid Atlantic (#,^) 3563 South River Terrace, Edgewater, MD 21037 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/12/2029 38.8 38.8 36.3 0.01 %
Gilpin Enterprises, LLC dba Jon Smith Subs (#,^) 17790 State Rd 54, Lutz, FL 33458 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/12/2029 70.2 70.2 65.3 0.02 %
Southern Gulf Construction, Inc. (#,^) 367 Pine Island Rd, North Fort Myers, FL 33903 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/12/2029 98.2 98.2 97.8 0.03 %
J.T. ONeill Company, LLC (#,^) 19972 Willowin Farm Lane, Purceville, VA 20132 Real Estate Term Loan Prime plus 2.75% 4/12/2029 8.6 8.6 7.8 — %
Maxiflex LLC (#,^) 512 Verret St, New Orleans, LA 70114 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 4/11/2029 55.2 55.2 57.8 0.02 %
VRGE Strategies LLC (#,^) 1155 15th St NW, Washington, DC 20005 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/10/2029 87.5 87.5 79.5 0.02 %
185
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Georgetown Milling Co, LLC (#,^) 9001 Wentworth Springs Rd, Georgetown, CA 95634 Wood Product Manufacturing Term Loan Prime plus 2.75% 4/9/2029 11.3 11.3 10.6 — %
FRAJOVI Urban Air, LLC dba Urban Air Trampoline& Adventure Park (#,^) 1256 Indian Head Rd, Toms River, NJ 8755 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 1/8/2030 535.0 535.0 553.9 0.16 %
Bose and Avinder, Inc.and Carmel and Preet Inc (#,^) 28201 Date Palm Drive, Cathedral City, CA 92234 Gasoline Stations Term Loan Prime plus 2.75% 4/5/2029 52.0 52.0 54.4 0.02 %
Marnon Enterprise LLC (#,^) 6713 Biscay Hbr, San Antonio, TX 78249 Administrative and Support Services Term Loan Prime plus 2.75% 4/5/2029 4.2 4.2 3.8 — %
Ren Investment Group Inc dba True Positon Manufacturing (#,^) 40 Sandra Drive, South Windsor, CT 6074 Machinery Manufacturing Term Loan Prime plus 2.75% 3/29/2029 702.9 702.9 647.6 0.19 %
J Brothers Enterprises, LLC (#,^) 1101 NW 12TH Ave, Ava, MO 65608 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/29/2044 627.6 627.6 666.5 0.20 %
La Favorita Radio Network (#,^) 4043 Geer Rd, Hughson, CA 95326 Broadcasting (except Internet) Term Loan Prime plus 2.75% 3/29/2029 329.3 329.3 307.8 0.09 %
Royalty Freight Inc. (#,^) 3728 W McKinley Ave, Fresno, CA 93772 Truck Transportation Term Loan Prime plus 2.75% 3/29/2029 375.1 375.1 361.1 0.11 %
Key HR Associates, Inc dba Parents Choice for Kids (#,^) 3150 West Park Drive, Burnsville, MN 55306 Social Assistance Term Loan Prime plus 2.75% 3/29/2044 443.8 443.8 475.8 0.14 %
Hamsons Inc. (#,^) 4900 Hopyard Rd, Pleasanton, CA 94588 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 3/29/2029 164.4 164.4 149.0 0.04 %
EJ & James Transport LLC (#,^) 3100 Drewsky Lane Unit 108, Fort Mills, SC 29715 Truck Transportation Term Loan Prime plus 2.75% 3/29/2029 8.3 8.3 8.0 — %
Bhatti LLC dba Auntie Ann's & Bhatti LLC 1 (#,^) 7219 Silver Mist Ave, North Chesterfield, VA 23237 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/29/2029 145.0 145.0 131.5 0.04 %
Reliable Power Group Inc. dba Batteries & bulbs Pensacola (#,^) 6895 N. 9th Ave Ste B, Pensacola, FL 32504 Repair and Maintenance Term Loan Prime plus 2.75% 3/29/2029 87.7 87.7 79.7 0.02 %
Bright Freight Solution, LLC (#,^) 1112 N Main St, Manteca, CA 95336 Truck Transportation Term Loan Prime plus 2.75% 3/29/2029 1,039.9 1,039.9 985.5 0.29 %
Pizzaplex L3C (#,^) 4458 West Vernor Hwy, Detroit, MI 48209 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/29/2029 39.2 39.2 36.2 0.01 %
Raven's Place LLC (#,^) 13031 S Western Ave, Blue Island, IL 60406 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/29/2044 672.4 672.4 727.6 0.21 %
Bayco Enterprises, Inc (#,^) 128 Cowesett Ave, West Warwick, RI 2893 Gasoline Stations Term Loan Prime plus 2.75% 3/29/2044 193.4 193.4 220.7 0.07 %
Stillwater Ventures, LLC (#,^) 8272 W. Sunset Blvd, Los Angeles, CA 90048 Nonstore Retailers Term Loan Prime plus 2.75% 3/29/2029 339.8 339.8 333.1 0.10 %
NuBe Business Group LLC (#,^) 2140 44th St SE, Ste 201, Grand Rapids, MI 49508 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/29/2044 39.9 39.9 45.5 0.01 %
Iredell Oral & Facial Surgery, P.C. dba Johnson Oral Surgery (#,^) 229 Medical Park Rd, Ste 310, Mooresville, NC 28117 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/29/2044 820.8 820.8 873.3 0.26 %
Felipe Antonio Del Valle M.D. P.A. (#,^) 7190 SW 87th Ave Ste 203, Miami, FL 33173 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/29/2029 13.2 13.2 11.9 — %
StillBasi Holdings, Inc. dba Buxton Auto Transport (#,^) 9371 Jackson Rd, Sacramento, CA 95826 Truck Transportation Term Loan Prime plus 2.75% 3/29/2029 267.2 267.2 252.2 0.07 %
186
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Knoxville Room Service (#,^) 10670 Parkside Drive, Knoxville, TN 37922 Food and Beverage Stores Term Loan Prime plus 2.75% 3/29/2029 5.9 5.9 5.5 — %
Outtasight Careers, LLC dba Gecko Hospitality (#,^) 109 W Fern St, Tampa, FL 33604 Administrative and Support Services Term Loan Prime plus 2.75% 3/29/2029 45.6 45.6 41.3 0.01 %
Peak Performance Associates LLC dba Nova Hypnosis and Wellnes (#,^) 10420 Hunter View Rd, Vienna, VA 22181 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/29/2029 52.6 52.6 47.7 0.01 %
Complete Care IT LLC (#,^) 4801 South University Drive Ste 125, Davie, FL 33328 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/29/2029 46.0 46.0 41.8 0.01 %
Turtle Shirts, LLC (#,^) 10241 Metro Pkwy# 108, Ft Myers, FL 33966 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/29/2029 47.6 47.6 43.9 0.01 %
Skaggs RV Outlet ,LLC (#,^) 301 Commerce Drive, Elizabethtown, KY 42701 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/28/2029 218.9 218.9 229.0 0.07 %
Cleland Pharmacy LLC (#,^) 202 S First St, Wakeeney, KS 67672 Health and Personal Care Stores Term Loan Prime plus 2.75% 3/28/2029 19.7 19.7 20.6 0.01 %
J.C. Pallet Company, Inc. (#,^) 18427 New Kent Hwy, Barhamsville, VA 23011 Wood Product Manufacturing Term Loan Prime plus 2.75% 3/28/2029 394.6 394.6 389.2 0.11 %
Planet X Tobacco & Gift, LLC (#,^) 900 West Northern Lights Blvd, Anchorage, AK 99503 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 3/28/2044 175.8 175.8 200.6 0.06 %
GS Bath Inc (#,^) 5335 E. Kaviland Ave, Fresno, CA 93725 Truck Transportation Term Loan Prime plus 2.75% 3/28/2029 274.2 274.2 262.5 0.08 %
Four Seasons Laser Center Inc. (#,^) 4720 NW 2nd Ave Unit D104 and Unit D-105, Boca Raton, FL 33498 Personal and Laundry Services Term Loan Prime plus 2.75% 3/28/2029 12.9 12.9 12.9 — %
Custom Vinyl Products LLC (#,^) 260 Enterprise Drive, Newport News, VA 23603 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 3/28/2044 985.2 985.2 1,075.1 0.32 %
Cocomo Joe's LLC (#,^) 3949 New Rd, Youngstown, OH 44515 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/28/2029 3.0 3.0 2.9 — %
PA Sobol Partners LLC dba Sobal (#,^) 206 Rohrerstown Rd, Lancaster, PA 17603 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/28/2029 45.1 45.1 42.1 0.01 %
Cinco Fit LLC dba Cinco Fit (#,^) 23010 Highland Knolls Blvd, Ste G, Katy, TX 77494 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/27/2029 144.7 144.7 131.1 0.04 %
Ocean Trans LLC and Dehal Trucking LLC (#,^) 1415 W Anderson St, Stockton, CA 95206 Truck Transportation Term Loan Prime plus 2.75% 3/27/2029 65.9 65.9 68.9 0.02 %
Danielle Vance LPC, LLC dba Danielle Vance MA, LPC (#,^) 2543 Eliot St, Denver, CO 80211 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/27/2029 5.0 5.0 4.5 — %
DC AG, LLC dba Big B Sales (#,^) 674 LA- 8, Sicily Island, LA 71368 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/27/2044 572.0 572.0 615.5 0.18 %
Heritage Hills Athletics 1, LLC and Heritage Hills Athletics 1, LLC (#,^) 2880 Carol Rd, East York, PA 17402 Personal and Laundry Services Term Loan Prime plus 2.75% 3/26/2044 1,220.5 1,220.5 1,327.9 0.39 %
District 5 Boutique LLC (#,^) 317 N Farview Ave, Paramus, NJ 7652 Nonstore Retailers Term Loan Prime plus 2.75% 3/26/2029 109.6 109.6 99.3 0.03 %
Gary Krause dba Gary Krause Landscaping & Design (#,^) 489 Hamilton Rd, Jacksonville, OR 97530 Administrative and Support Services Term Loan Prime plus 2.75% 3/22/2029 5.3 5.3 5.1 — %
187
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Virginia Industrial Plastics, Inc. (#,^) 2454 N East Side Hwy,, Elkton, VA 22827 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 3/22/2044 290.0 290.0 330.5 0.10 %
Skyways, LTD (#,^) 350 15th St NW, Huron, SD 57350 Support Activities for Transportation Term Loan Prime plus 2.75% 3/22/2029 740.7 740.7 676.2 0.20 %
J & C May Properties, LLC (#,^) 315 Sylamore Ave, Mountain View, AR 72560 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/22/2044 1,103.2 1,103.2 1,140.7 0.34 %
Virginia Industrial Plastics, Inc. (#,^) 2454 North East Side Hwy, Elkton, VA 22827 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 3/22/2029 243.0 243.0 254.2 0.07 %
Dependable Lawn Care, Inc. (#,^) 2320 138TH ST, Blue Island, IL 60406 Personal and Laundry Services Term Loan Prime plus 2.75% 3/21/2029 467.2 467.2 443.6 0.13 %
Dependable Lawn Care, Inc. (#,^) 2320 138th St, Blue Island, IL 60406 Personal and Laundry Services Term Loan Prime plus 2.75% 3/21/2044 186.3 186.3 210.0 0.06 %
Pitman Holding LLC (#,^) 1116 E Main St, Richmond, VA 23219 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/21/2029 6.6 6.6 6.2 — %
American Trails Transport, LLC (#,^) 8704 Grand Ave, Billings, MT 59106 Truck Transportation Term Loan Prime plus 2.75% 3/21/2029 48.1 48.1 45.8 0.01 %
Michigan Neurosurgical Institute P.C. (#,^) 9400 South Saginaw St, Unit 1, Grand Blanc, MI 48439 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/20/2029 158.9 158.9 144.6 0.04 %
Mega Trucking LLC and Olyimpian Industries LLC (#,^) 5979 NW 151st St, Miami Lakes, FL 33014 Truck Transportation Term Loan Prime plus 2.75% 3/20/2029 351.0 351.0 340.9 0.10 %
Sound Manufacturing Inc (#,^) 1 Williams Lane, Old Saybrook, CT 6475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 3/20/2029 43.8 43.8 39.7 0.01 %
Michigan Neurosurgical Institute, P.C.,,Optical Spine,LLC, MNI Great (#,^) 9400 South Saginaw St, Unit 1, Grand Blanc, MI 48439 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/20/2044 345.4 345.4 369.6 0.11 %
Marvellous Print & Ship LLC (#,^) 605 W Main St, Oxford, KS 67119 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/19/2029 3.0 3.0 2.7 — %
Frontline Selling LLC (#,^) 6505 Shiloh Rd,Units 300,310 and 320, Alpharetta, GA 30005 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/19/2029 274.0 274.0 286.6 0.08 %
Game Station, Inc. (#,^) 2917 1st Ave SE, Cedar Rapids, IA 52402 Rental and Leasing Services Term Loan Prime plus 2.75% 3/19/2029 230.2 230.2 218.9 0.06 %
B & W Towing LLC (#,^) 701 Addison Rd, Painted Post, NY 14870 Support Activities for Transportation Term Loan Prime plus 2.75% 3/15/2029 50.4 50.4 52.7 0.02 %
Panetcarne Inc.dba Jersey Mike's Subs Greenfield (#,^) 23077 Greenfield Rd, Southfield, MI 48075 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2029 81.7 81.7 75.5 0.02 %
Vanchoc Transport Inc (#,^) 137 3rd St, Brooklyn, NY 11231 Rental and Leasing Services Term Loan Prime plus 2.75% 3/15/2029 76.7 76.7 69.5 0.02 %
Stepping Stones Children's Academy LLC (#,^) 1655 E Warm Springs Rd, Las Vegas, NV 89119 Social Assistance Term Loan Prime plus 2.75% 3/15/2044 364.9 364.9 400.2 0.12 %
Screening Services Group, LLC (#,^) 8670 Wilshire Blvd, Beverly Hills, CA 90211 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 3/14/2029 250.7 250.7 232.5 0.07 %
Space Express, LLC (#,^) 2775 Burris Rd, Davie, FL 33314 Truck Transportation Term Loan Prime plus 2.75% 3/12/2029 126.6 126.6 117.3 0.03 %
Mill Creek Early Childhood Program LLC (#,^) 510 South Batavia Ave, Batavia, IL 60510 Social Assistance Term Loan Prime plus 2.75% 8/11/2029 55.8 55.8 50.7 0.01 %
188
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Alpine Remediation, Inc, T & M Holdings, LLC (#,^) 14252 W 44th Ave Unit F, Golden, CO 80403 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/8/2029 76.8 76.8 74.0 0.02 %
Kalloren Provel LLC (#,^) 6919 Oak Ridge Commerce Way, Austell, GA 30168 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/8/2044 274.0 274.0 300.7 0.09 %
Precise Air Systems, Inc (#,^) 5467 W San Fernando Rd, Los Angeles, CA 90039 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/8/2029 231.0 231.0 211.8 0.06 %
D & S Village Hardware LLC dba Cedar Mountain Country Store & Samantha (#,^) 76 Ranch Rd a/k/a 3695 Movie Ranch Rd, Duck Creek, UT 84762 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/8/2044 196.2 196.2 218.4 0.06 %
Wildflour Bakery & Cafe LLC (#,^) 5137 Clareton Dr Ste 100,110 & 120, Agoura Hills, CA 91301 Food Manufacturing Term Loan Prime plus 2.75% 3/8/2029 76.8 76.8 69.6 0.02 %
SG Welch Inc dba Sparks Auto Service (#,^) 19138 Molalla Ave, Oregon City, OR 97045 Repair and Maintenance Term Loan Prime plus 2.75% 3/8/2029 54.9 54.9 50.6 0.01 %
Seeds of Knowledge Creative Learning Center LLC (#,^) 15101 West McNichols Rd, Detroit, MI 48235 Social Assistance Term Loan Prime plus 2.75% 3/7/2044 21.9 21.9 24.3 0.01 %
Doble Rentals, L.L.C , Doble Rentals 2, LLC, Doble Rentals 3, LLC (#,^) 487 Elizabeth Lake Rd, Waterford, MI 48328 Rental and Leasing Services Term Loan Prime plus 2.75% 3/4/2029 138.1 138.1 125.2 0.04 %
NY Scoops LLC dba Cool Suppliers and Breakneck Road LLC (#,^) 20 Silver Fox Lane, Sussex, NJ 7461 Food Manufacturing Term Loan Prime plus 2.75% 2/28/2029 44.0 44.0 43.6 0.01 %
Wooter Apparel, Inc (#,^) 727 Page Ave., Staten Island, NY 10307 Nonstore Retailers Term Loan Prime plus 2.75% 2/28/2029 43.5 43.5 40.1 0.01 %
Monkey Bones LLC (#,^) 3361 Dayton Xenia Rd, Beavercreek, OH 45432 Personal and Laundry Services Term Loan Prime plus 2.75% 2/28/2044 19.0 19.0 21.6 0.01 %
Woodard Electric Services, Inc. (#,^) 1600 Carter Cove Rd, Hayesville, NC 28904 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/28/2029 18.8 18.8 17.3 0.01 %
Shah Medical Center SC & Heeena Shyamani (#,^) 484 Summit St, Elgin, IL 60120 Hospitals Term Loan Prime plus 2.75% 2/28/2044 246.6 246.6 255.5 0.08 %
Matrix Z LLC (#) 800 SW 21st Terrace, Ft Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 6.5% 2/27/2029 11.1 11.1 11.5 — %
Merdad Dentistry PLLC dba Easy Dental Care (#,^) 7522 Old Linton Hall Rd, Gainesville, VA 20155 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/26/2029 13.7 13.7 12.4 — %
Harbor Management Company Inc dba Jamba Juice (#,^) 5501 Josh Birmingham Pkwy Concourse A, Charlotte, NC 28208 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/22/2029 130.6 130.6 119.6 0.04 %
Mia Restoration Inc dba PuroClean and Puroclean of Morristown NJ (#,^) 3633 B Hill Rd, Parsippany, NJ 7054 Waste Management and Remediation Services Term Loan Prime plus 2.75% 2/21/2029 35.9 35.9 33.4 0.01 %
Citiline Cafe At Jacobs Plaza, LLC dba Citiline Cafe (#,^) 12140 Wickchester Ln STE 130, Houston, TX 77079 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/20/2029 42.3 42.3 38.4 0.01 %
Bowl 360 Inc. (#,^) 98-18 Rockaway Blvd, Ozone Park, NY 11417 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/19/2029 141.6 141.6 136.6 0.04 %
Rob Barletta's Hockey School, Inc (#,^) 2130 Providence Hwy, Walpole, MA 2081 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 2/19/2029 94.8 94.8 99.2 0.03 %
189
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Bowl 360 Inc. (#,^) 98-18 Rockaway Blvd, Far Rockaway, NY 11417 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/19/2029 121.4 121.4 110.5 0.03 %
Outler Transportation Services,LLC (#,^) 3775 Carriage Downs CT SW, Snellville, GA 30039 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 2/19/2029 39.8 39.8 36.6 0.01 %
M & M Burgers Inc dba Checkers (#,^) 530 Willis Ave, Bronx, NY 10455 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2029 100.8 100.8 93.1 0.03 %
Integris Roofing, Inc (#,^) 1174 Yellostone Drive, Lake Arrowhead, CA 92532 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/15/2029 19.6 19.6 17.8 0.01 %
Tony Herring & Associates, Inc (#,^) 211 West Camellia Drive, Slidell, LA 70458 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 2/14/2029 13.1 13.1 13.7 — %
Gateway Veterinary Services, P.C. dba Liberty Animal Clinic (#,^) 9212 Liberty Ave, Ozone Park, NY 11417 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/14/2044 134.4 134.4 153.2 0.05 %
Par-Man, Inc. dba Rockstar Tattoo (#,^) 450 Fremont St #109 and 113, Las Vegas, NV 89101 Health and Personal Care Stores Term Loan Prime plus 2.75% 2/14/2029 54.5 54.5 49.8 0.01 %
KHSE Parks, Inc. (#,^) 600 West Charles St, Matthews, NC 28105 Administrative and Support Services Term Loan Prime plus 2.75% 2/14/2029 69.9 69.9 63.4 0.02 %
Precedence Enterprises LLC dba Spartan Junk Removal (#,^) 8101 Sandy Spring Rd Ste 250N, Laurel, MD 20707 Waste Management and Remediation Services Term Loan Prime plus 2.75% 2/8/2029 13.8 13.8 13.2 — %
Pamletics LLC dba F45 (#,^) 22015 IH 10 West, San Antonio, TX 78249 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/8/2029 3.3 3.3 3.2 — %
Shepherd Fitness, LLC dba Workout Anytime Ooltewah (#,^) 9408 Apison Pike, Ste 11, Ooltewah, TN 37363 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/8/2029 147.3 147.3 140.1 0.04 %
EJGR Corp dba Brite Energy Solutions (#,^) 87 Main St Upper Level, Hastings-on-Hudson, NY 10706 Utilities Term Loan Prime plus 2.75% 2/8/2029 54.4 54.4 49.5 0.01 %
Creative Counseling Nashville PLLC (#,^) 4119 Gallatin Pike, Nashville, TN 37216 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/7/2029 1.9 1.9 1.8 — %
RIHAHN INC dba RDBL, INC. (#,^) 1397 McGuire Rd, Lamar, AR 72846 Forestry and Logging Term Loan Prime plus 2.75% 2/5/2029 6.0 6.0 6.3 — %
Hernando Beach Motel Inc.,The Purple Cow House of Pancake Inc (#,^) 4291 Shoal Line Blvd, Hernando Beach, FL 34607 Accommodation Term Loan Prime plus 2.75% 2/1/2029 13.1 13.1 13.7 — %
Jesus and Son's Landscape Contractors, LLC (#,^) 4371 Durham Court, Denver, CO 80239 Administrative and Support Services Term Loan Prime plus 2.75% 2/1/2029 50.1 50.1 46.5 0.01 %
Employer Resource Services LLC dba Data Pool (#,^) 500 Research Rd, Richmond, VA 23236 Administrative and Support Services Term Loan Prime plus 2.75% 1/31/2029 31.3 31.3 28.4 0.01 %
MYC Motors Inc (#,^) 3808 Vegas Drive, Las Vegas, NV 89108 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 1/30/2044 72.9 72.9 83.0 0.02 %
FNF LLC dba WineStyles (#,^) 11109 Old Seward Hwy, Anchorage, AK 99515 Food and Beverage Stores Term Loan Prime plus 2.75% 1/22/2029 214.1 214.1 194.2 0.06 %
IGWT Coffee, LLC dba PJ's Coffee of New Orleans (#,^) 414 Union St, Nashville, TN 37219 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/18/2029 71.4 71.4 64.7 0.02 %
MMC Investors, LLC dba Clean Juice (#,^) 2879 W 95th St Ste 195, Naperville, IL 60564 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/18/2029 76.9 76.9 71.0 0.02 %
Hilco Athletics & Graphics Inc (#,^) 55 Green Hill St, West Warwick, RI 2816 Apparel Manufacturing Term Loan Prime plus 2.75% 1/16/2044 66.9 66.9 76.2 0.02 %
190
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Fluid Connections LLC dba BurgerIM (#,^) 174 El Cerrito Plaza, El Cerrito, CA 94530 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/11/2029 54.1 54.1 51.7 0.02 %
CMLCLEARWATERBEACH.LLC dba Cousins Maine Lobster (#,^) 309 Coronado Drive, Clearwater Beach, FL 33767 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/11/2029 78.1 78.1 71.7 0.02 %
HSR Tacos LLC dba California Tortilla (#,^) 11694 Sudley Manor Drive, Manassas, VA 20109 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/11/2029 47.2 47.2 42.8 0.01 %
Rashed and Shabila LLC (#,^) 14865 Hwy 92, Woodstock, GA 30188 Gasoline Stations Term Loan Prime plus 2.75% 1/4/2029 19.5 19.5 18.7 0.01 %
Romain Tower Inc. David Romaine, Sugar Land Crane and Rigging, LLC (#,^) 215 S Persimmon St,, Tomball, TX 77375 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/31/2028 210.6 210.6 190.9 0.06 %
The Chop House Inc. (#,^) 191 Old Tower Hill Rd., South Kingstown, RI 2879 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/31/2043 541.6 541.6 584.0 0.17 %
Capitol Fitness Inc. dba Anytime Fitness Shelby (#,^) 49045 Van Dyke Ave, Shelby Charter Township, MI 48317 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/28/2028 10.1 10.1 9.8 — %
Galt Insurance Group of Bonita Springs, LLC & Bonita Safety Institut (#,^) 10911 Bonita Beach Rd SE Unit 104 A & 104B, Bonita Springs, FL 34135 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 12/28/2043 18.2 18.2 20.7 0.01 %
Superior Concepts Acquisition Corp (#,^) 1710 Tiles Court, Grand Haven, MI 49417 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/28/2043 497.4 497.4 525.1 0.15 %
Nix and Nix Funeral Home North Inc, (#,^) 1621 W. Dauphin St, Philadelphia, PA 8065 Personal and Laundry Services Term Loan Prime plus 2.75% 12/28/2043 556.7 556.7 622.4 0.18 %
Superior Concepts Acquisition Corp (#,^) 1710 Tiles Ct, Grand Haven, MI 49417 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/28/2028 105.5 105.5 99.6 0.03 %
American Rewinding of NC Inc dba MTS (#,^) 1825 N Rocky River Rd, Monroe, NC 28110 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/28/2028 376.5 376.5 356.4 0.11 %
Omega Funeral and Cremation Services,LLC (#,^) 9503 Kenwood Rd, Cincinnati, OH 45242 Personal and Laundry Services Term Loan Prime plus 2.75% 12/28/2043 331.9 331.9 359.4 0.11 %
Medworxs Inc. (#,^) 6857 Timbers Drive, Evergreen, CO 80439 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/27/2028 9.0 9.0 8.2 — %
East Breeze LLC dba Historic Springdale Pub and Eatery (#,^) 32302 East Historic Columbia River Hwy, Corbett, OR 97019 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/27/2043 124.5 124.5 137.8 0.04 %
Fave Realty Inc. (#,^) 74 Larkfield Rd, East Northport, NY 11731 Real Estate Term Loan Prime plus 2.75% 12/27/2043 119.9 119.9 136.7 0.04 %
Green Valley Landscape Management Inc. dba Apopka Mower and Equipment (#,^) 2975 W Orange Blossom Trail, Apopka, FL 32712 Administrative and Support Services Term Loan Prime plus 2.75% 12/27/2043 450.7 450.7 483.5 0.14 %
Reservations Unlimited LLC (#) 312 W Main St, Red River, NM 87558 Real Estate Term Loan Prime plus 2.75% 12/26/2043 138.1 138.1 152.9 0.05 %
BD Branson Victorian LLC dba Branson Victorian Inn (#,^) 450 South Hwy 165, Branson, MO 65616 Accommodation Term Loan Prime plus 2.75% 12/24/2043 483.3 483.3 536.9 0.16 %
RM Hawkins LLC (#,^) 5141 Topaz Drive, Colorado Springs, CO 80918 Nonstore Retailers Term Loan Prime plus 2.75% 12/24/2028 257.6 257.6 246.2 0.07 %
191
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Timios Enterprises Corp dba Palm Court (#,^) 1912 N Arlington Heights Rd., Arlington Heights, IL 60004 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/24/2043 688.3 688.3 752.4 0.22 %
LP Industries, Inc and Playground Packages, LLC (#,^) 2040 Norwood, Lenoir, NC 28645 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/21/2028 83.1 83.1 75.4 0.02 %
D.A.F.S Transport, LLC (#,^) 207 S. Teresa St, Monahans, TX 79756 Truck Transportation Term Loan Prime plus 2.75% 12/21/2028 564.1 564.1 571.3 0.17 %
Sesolinc GRP, Inc. (#,^) 806 Randy Lowery Rd, Statesboro, GA 30461 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/21/2028 322.2 322.2 311.3 0.09 %
The Law Office of Jared E. Shapiro, P.A (#,^) 7777 Glades Rd, Ste 100, Boca Raton, FL 33434 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2028 9.7 9.7 8.7 — %
Royalty Freight Inc (#,^) 3728 W McKinley Ave, Fresno, CA 93722 Truck Transportation Term Loan Prime plus 2.75% 12/21/2028 83.8 83.8 75.9 0.02 %
Fifth Wheel Truck Stop 001, Inc. (#,^) 3767 South Golden State Blvd, Fresno, CA 93725 Gasoline Stations Term Loan Prime plus 2.75% 12/21/2028 88.5 88.5 80.1 0.02 %
Burgess and Dudley, Incorporated (#,^) 24462 NW 9th Place, Newberry, FL 32669 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/21/2028 204.3 204.3 192.4 0.06 %
Diamond Estates LLC (#,^) 110 Court St Ste 1, Cromwell, CT 6416 Construction of Buildings Term Loan Prime plus 2.75% 12/21/2028 64.4 64.4 58.3 0.02 %
Kyle M Walker DDS, PC (#,^) 1402 W Park Ave, Orange, TX 77630 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/21/2028 98.6 98.6 89.2 0.03 %
Baseline Health, LLC & Baseline Health Management, LLC (#,^) 1101 Stewart Ave Ste 104, Garden City, NY 11530 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/21/2028 102.2 102.2 94.2 0.03 %
Precision Bytes LLC dba Tower Connect (#,^) 607 West Magnolia Ave, Fort Worth, TX 76104 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2028 112.0 112.0 101.3 0.03 %
Cammarata Associates LLC (#,^) 5 Greentree Center, Marlton, NJ 8053 Credit Intermediation and Related Activities Term Loan Prime plus 2.75% 12/21/2028 64.4 64.4 58.3 0.02 %
Accel Compression Inc.,Accel Workover Services Inc dba Mica Tool (#,^) 4500 S Country Rd, Odessa, TX 79768 Rental and Leasing Services Term Loan Prime plus 2.75% 6/21/2044 166.2 166.2 189.7 0.06 %
C&D Trucking & Equipment Service, Inc. (#,^) 4015 Jennings Rd, Cleveland, OH 44109 Repair and Maintenance Term Loan Prime plus 2.75% 12/21/2043 113.6 113.6 129.4 0.04 %
ETS Tree Service Inc and Eastern Tree Service, Inc (#,^) 4813 Pinson Valley Parkway, Birmingham, AL 35215 Administrative and Support Services Term Loan Prime plus 2.75% 12/21/2028 197.6 197.6 189.4 0.06 %
Local Liberty Inc dba The Wardsboro Country Store (#,^) 23 Main St, Wardsboro, VT 5355 Food and Beverage Stores Term Loan Prime plus 2.75% 12/20/2043 150.7 150.7 166.9 0.05 %
Graff Excavating, Inc (#,^) 803 E State St, Toledo, IA 52342 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/20/2028 168.0 168.0 154.1 0.05 %
Alaska Motor Home Inc (#,^) 6633 Brayton Drive, Anchorage, AK 99507 Rental and Leasing Services Term Loan Prime plus 2.75% 12/20/2028 259.0 259.0 250.3 0.07 %
Flashii App, Inc. (#,^) 75 E Santa Clara St, San Jose, CA 95113 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/20/2028 53.7 53.7 56.1 0.02 %
CK Green Partners, LLC dba Reis and Irvy"s Columbus (#,^) 5010 Augusta Drive, Westerville, OH 43082 Nonstore Retailers Term Loan Prime plus 2.75% 3/20/2029 167.5 167.5 162.8 0.05 %
Hotel Compete, LLC (#,^) 223 W Jackson Blvd, Chicago, IL 60606 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/20/2028 53.7 53.7 48.6 0.01 %
192
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Healthy and Fresco LLC (#,^) 1671 Belle Isle Ave Ste 110- Office C, Mount Pleasant, SC 29464 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/20/2029 39.6 39.6 37.0 0.01 %
Yellow Fin Marine Services LLC, K Marine XI, LLC K Marine VIII, LLC (#,^) 2043 Coteau Rd, Houma, LA 70364 Rental and Leasing Services Term Loan Prime plus 2.75% 12/20/2028 401.9 401.9 417.5 0.12 %
Roots N Shoots, LLC & Yardplus LLC (#,^) 86 Boston Rd, Chelmsford, MA 1824 Administrative and Support Services Term Loan Prime plus 2.75% 12/20/2028 46.4 46.4 42.8 0.01 %
Accent Comfort Services, LLC (#,^) 5035 W. W.T. Harris Blvd Ste C, Mecklenburg, NC 28269 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/19/2028 59.1 59.1 53.9 0.02 %
The Cromer Company (#,^) 9800 NW 78th Ave, Hialeah Gardens, FL 33016 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 12/19/2028 440.2 440.2 399.5 0.12 %
JejoJesi Corp dba Dukunoo Jamaican Kitchen, Dunkunoo (#,^) 316 NW 24th St, Miami, FL 33180 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/19/2029 64.5 64.5 61.9 0.02 %
Sheldon T Banks and Sheldon T Banks LLC dba Serenity Funeral chapel ll (#) G-2340 West Carpenter Rd, Flint, MI 48505 Personal and Laundry Services Term Loan Prime plus 2.75% 9/19/2044 410.7 410.7 455.0 0.13 %
Ventures TBD LLC dba The Bottle Tree (#,^) 102 Davis St, Belmont, NC 28012 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/14/2043 95.9 95.9 103.0 0.03 %
Cordoba Foods LLC, Multi Logistics Network Inc, Karina Mena (#,^) 4477 E 11th Ave, Hialeah, FL 33013 Food Manufacturing Term Loan Prime plus 2.75% 12/14/2028 272.8 272.8 257.5 0.08 %
Alpha Omega Trucking LLC (#,^) 14432-14452 Stateline Rd, Brookings, OR 97415 Truck Transportation Term Loan Prime plus 2.75% 12/14/2028 60.2 60.2 62.9 0.02 %
YBL Restaurant Group LLC dba Tropisueno (#,^) 75 Yerba Buena Lane, San Francisco, CA 94103 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/14/2029 336.5 336.5 307.3 0.09 %
Healthy Human, LLC (#,^) 1007 Johnnie Dodds Blvd., Ste 123, Mount Pleasant, SC 29464 Nonstore Retailers Term Loan Prime plus 2.75% 12/14/2028 107.3 107.3 97.1 0.03 %
Fitness Orlando LLC & Fitness Orlando Oviedo, LLC (#,^) 160 Tuskawilla Rd Ste 1214, Winter Springs, FL 32708 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/14/2028 236.5 236.5 222.5 0.07 %
Aero Consulting and Engineering Inc (#,^) 7941 NW 3rd St, Plantation, FL 33324 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/14/2028 13.2 13.2 12.0 — %
Peanut Butter & Co., Inc. (#,^) 119 West 57th St, Ste 300, New York, NY 10019 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/14/2028 214.8 214.8 194.4 0.06 %
Alpha Landscape Contractors, Inc (#,^) 2823 Fllintstone Rd, Millers, MD 21102 Administrative and Support Services Term Loan Prime plus 2.75% 1/14/2029 286.8 286.8 272.2 0.08 %
Mediterranean Tastes Inc dba Mediterranean Tastes Since 1974 (#,^) 196-15 Northern Blvd, Flushing, NY 11318 Food and Beverage Stores Term Loan Prime plus 2.75% 12/14/2028 13.5 13.5 12.3 — %
L&M Services, LLC (#,^) 560 Main St, Milford, UT 84751 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/14/2043 194.2 194.2 211.9 0.06 %
Sound Contracting LLC (#,^) 148 Holmgren Place, Girdwood, AK 99587 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/14/2043 191.5 191.5 207.4 0.06 %
Sound Contracting LLC (#,^) 148 Holmgren Place, Girdwood, AK 99587 Construction of Buildings Term Loan Prime plus 2.75% 12/14/2028 35.9 35.9 34.5 0.01 %
193
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Stony Creek Wellness Group, LLC (#,^) 264 Church St, Guilford, CT 6437 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/14/2043 95.9 95.9 106.3 0.03 %
The Miller Center for Esthetic Excellence, (#,^) 22 Old Short Hills Rd,, Livingston, NJ 7039 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/13/2043 378.2 378.2 391.2 0.12 %
OC Helicopters LLC (#,^) 19711 Campus Drive Ste 260, Santa Ana, CA 92707 Air Transportation Term Loan Prime plus 2.75% 12/13/2028 77.1 77.1 80.5 0.02 %
Plan B Burger LLC (#,^) 484 Farmington Ave, Hartford, CT 6105 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/13/2029 903.4 903.4 854.1 0.25 %
Burton Realty Co., Inc dba Anchor Realty, Northeast (#,^) 2200 Michener St, Ste 12, Philadelphia, PA 19115 Real Estate Term Loan Prime plus 2.75% 12/13/2028 260.4 260.4 235.6 0.07 %
D for Dream LLC dba Blo Blow Dry Bar Inc (#,^) 460 East 3rd Ave, New York, NY 10016 Personal and Laundry Services Term Loan Prime plus 2.75% 5/13/2029 66.7 66.7 60.6 0.02 %
Tapia Auto Care, LLC dba Shoreline Quick Lube and Car Wash (#,^) 2 Center Rd,, Old Saybrook, CT 6475 Repair and Maintenance Term Loan Prime plus 2.75% 12/13/2043 948.9 948.9 1,014.3 0.30 %
Tier1 Solutions LLC (#,^) 1000 Essington Rd, Ste 111, Joliet, IL 60435 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/12/2029 8.8 8.8 8.0 — %
Mateo Enterprise Inc dba El Milagro Market (#,^) 575 Panama Lane, Bakersfield, CA 93307 Food and Beverage Stores Term Loan Prime plus 2.75% 12/12/2043 116.5 116.5 125.2 0.04 %
Behind The Scenes Chicago, LLC dba Paramount Events (#,^) 1750 W Lake St, Chicago, IL 60612 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/12/2029 221.4 221.4 221.7 0.07 %
Ashwood Food Services Inc. dba Jake Rooney's (#,^) 119 Brooks Rd, Harwich Port, MA 2646 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/12/2043 208.8 208.8 233.4 0.07 %
Airstrike Firefighters LLC (#,^) 18115 62nd Ave NE, Kenmore, WA 98028 Support Activities for Agriculture and Forestry Term Loan Prime plus 2.75% 12/12/2028 1,074.1 1,074.1 1,047.9 0.31 %
Mateo Enterprise Inc dba El Milagro Market (#,^) 575 Panama Lane, Bakerfield, CA 93307 Food and Beverage Stores Term Loan Prime plus 2.75% 1/12/2029 51.6 51.6 46.8 0.01 %
Ashwood Food Services, Incorporated dba Jake Rooney's (#,^) 119 Brooks Rd, Harwich Port, MA 2646 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/12/2029 58.1 58.1 55.0 0.02 %
EMES Supply, LLC (#,^) 35622 Vine St, EastLake, OH 44095 General Merchandise Stores Term Loan Prime plus 2.75% 1/11/2029 107.4 107.4 99.4 0.03 %
White Wilson & Associates LLC (#,^) 16238 Louis Ave., South Holland, IL 60473 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/11/2043 41.3 41.3 44.3 0.01 %
B&B Bodega of Delray LLC (#,^) 190 NE 2nd Ave, Delray Beach, FL 33444 Food and Beverage Stores Term Loan Prime plus 2.75% 1/11/2029 13.0 13.0 11.8 — %
Googlyoogly, LLC dba Bi-Rite Supermarket (#,^) 10867 W Jefferson Ave, River Rouge, MI 46218 Food and Beverage Stores Term Loan Prime plus 2.75% 12/11/2043 197.1 197.1 211.9 0.06 %
Hilltop Wine Shop, Inc dba Hiltop Wine Shop (#,^) 7505 Highland Rd, White Lake, MI 48383 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/11/2043 124.3 124.3 135.5 0.04 %
Duck's Nuts Inc dba Pet Place Market (#,^) 212 Bendigo Blvd. N, North Bend, WA 98045 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 1/11/2029 37.3 37.3 35.9 0.01 %
TFE Resources ,LTD (#,^) 11 Easter Court Ste G, Owings Mills, MD 21117 Utilities Term Loan Prime plus 2.75% 1/11/2029 514.1 514.1 479.5 0.14 %
Oregon Medical Training Private Career School Inc. (#,^) 1126 Gateway Loop, Ste 108, Springfield, OR 97702 Educational Services Term Loan Prime plus 2.75% 1/11/2029 34.4 34.4 31.2 0.01 %
ZLM Services LLC (#,^) 51343 Oro Rd, Shelby Township, MI 33444 Administrative and Support Services Term Loan Prime plus 2.75% 1/10/2029 34.4 34.4 31.2 0.01 %
194
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Team Henry, LLC dba Kelly Automotive of Deltona (#,^) 1290 Doyle Rd, Deltona, FL 32725 Repair and Maintenance Term Loan Prime plus 2.75% 12/10/2043 379.9 379.9 407.1 0.12 %
Food Service Industry Consultants Inc. (#,^) 1465 Kelly Johnson Blvd, Colorado Springs, CO 80920 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/7/2029 62.0 62.0 56.4 0.02 %
CET Inc (#,^) 4709 N El Capitan Ave. Ste 205, Fresno, CA 93722 Truck Transportation Term Loan Prime plus 2.75% 1/6/2029 1,057.3 1,057.3 993.2 0.29 %
Metro R Services Inc. and Metal & Roof Supplies Inc. (#,^) 20 Universal Place, Carlstadt, NJ 7072 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/6/2029 178.5 178.5 186.7 0.06 %
Unique Home Solutions Inc. and Unique Home Solutions of Ohio (#,^) 5550 Progress Rd, Indianapolis, IN 46241 Construction of Buildings Term Loan Prime plus 2.75% 1/5/2029 218.6 218.6 228.6 0.07 %
Consulting Solutions, Inc and Mark Luciani (#,^) 3000 N Federal Hwy, Ste 1, Fort Lauderdale, FL 33306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/5/2029 50.4 50.4 45.7 0.01 %
Little West LLC, 340 Group LLC, Retail West LLc, Andrew W Walker (#,^) 342 South La Brea Ave, Los Angeles, CA 90036 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/5/2029 77.1 77.1 70.6 0.02 %
Levine Daycare Inc dba Kids R Kids (#,^) 415 Woodbury Rd, Orlando, FL 32828 Social Assistance Term Loan Prime plus 2.75% 1/5/2029 232.3 232.3 221.4 0.07 %
The Altitude Group LLC (#,^) 949 A Clint Moore Rd, Boca Raton, FL 33487 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/4/2029 122.5 122.5 111.6 0.03 %
Access Staffing, LLC (#,^) 360 Lexington Ave 8th Floor, New York, NY 10017 Administrative and Support Services Term Loan Prime plus 2.75% 1/4/2029 167.1 167.1 151.5 0.04 %
York Concrete Corp (#,^) 1 Plumb CT., Huntington Station, NY 11746 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/3/2043 194.2 194.2 219.5 0.06 %
Swantown Inn and Spa, LLC (#,^) 1431 11th Ave SE, Olympia, WA 98501 Accommodation Term Loan Prime plus 2.75% 1/3/2029 11.6 11.6 12.1 — %
Hernando Beach Motel LLC,The Purple Cow House o APancake AInc. (#,^) 4291 Shoal Line Blvd, Hernando Beach, FL 34607 Accommodation Term Loan Prime plus 2.75% 11/30/2043 218.2 218.2 248.4 0.07 %
Water Station Holdings LLC (#,^) 1104 N Keystone Ave, Indianapolis, IN 46201 Nonstore Retailers Term Loan Prime plus 2.75% 12/30/2028 592.1 592.1 578.2 0.17 %
Cabrera's Auto Services LLC (#,^) 2206 N Central Ave, Chicago, IL 60639 Repair and Maintenance Term Loan Prime plus 2.75% 11/30/2043 78.7 78.7 86.5 0.03 %
Microplex Co, Third Market LLC (#,^) 244 Spokane Ave, Whitefish, MT 59937 Food and Beverage Stores Term Loan Prime plus 2.75% 12/30/2028 140.9 140.9 127.7 0.04 %
Luxury Furniture, Inc.dba Venicasa & Luxe Home Interiors (#,^) 13762 W State Rd 84, Davie, FL 33325 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/30/2028 106.8 106.8 108.1 0.03 %
Tammy's Place LLC (#,^) 235 North Mosby Ave, Littleton, NC 27850 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/30/2044 426.6 426.6 483.9 0.14 %
JJB Production LLC (#,^) 458 N 7th St, Newark, NJ 7107 Administrative and Support Services Term Loan Prime plus 2.75% 12/29/2028 6.3 6.3 5.7 — %
Albert M Quashie, DDS, PC (#,^) 3331 Toledo Terrace Ste 308, Hyattsville, MD 20782 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/29/2028 74.8 74.8 73.1 0.02 %
Albert M. Quashie, DDS, PC (#,^) 3331 Toledo Terrace Ste 308, Hyattsville, MD 20782 Ambulatory Health Care Services Term Loan Prime plus 2.75% 11/29/2043 63.1 63.1 68.3 0.02 %
Sky Wonder Pyrotechnics, LLC dba Sky Wonder Fire and Safety Gear Up (#,^) 3626 CR 203, Liverpool, TX 77577 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 11/28/2043 419.9 419.9 477.9 0.14 %
195
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Extreme Granite Corp (#,^) 251 NW 1st St, Deerfield Beach, FL 33441 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/28/2043 181.9 181.9 204.5 0.06 %
True Love Christian Academy LLC (#,^) 466 E Raines Rd, Memphis, TN 38109 Social Assistance Term Loan Prime plus 2.75% 12/28/2043 40.7 40.7 45.9 0.01 %
Level Up Gaming, Inc (#,^) 1132 Creighton Rd, Pensacola, FL 32504 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 11/28/2043 87.3 87.3 92.6 0.03 %
BEK Holdings LLC, Veseli Fine Art Galleries, LLC, Trusted.com LLC (#,^) 12930 Worldgate Drive, Herndon, VA 20170 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/21/2028 1,109.5 1,109.5 1,158.1 0.34 %
Best Global Alternative North, LLC (#,^) 69 Lewis Ave, Atlantic Beach, NY 11509 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/21/2028 75.0 75.0 67.8 0.02 %
M.A.W. Enterprises LLC dbaY-Not Pizza (#,^) 45 E Main St, New Palestine, IN 46163 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/21/2028 19.2 19.2 18.4 0.01 %
Thames Aquatic Club, LLC (#,^) 14 Iron St, Ledyard, CT 6339 Educational Services Term Loan Prime plus 2.75% 10/21/2029 39.6 39.6 41.7 0.01 %
On Call Electrical of Georgia LLC (#,^) 2120 Plaster Bridge Rd NE, Atlanta, GA 30324 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/20/2043 644.4 644.4 695.7 0.21 %
Commonwealth Warehouse Inc (#,^) 11013 Kenwood Rd., Cincinnati, OH 45242 Warehousing and Storage Term Loan Prime plus 2.75% 12/20/2028 361.7 361.7 350.1 0.10 %
K & A Automotive Inc (#,^) 2070 Nooseneck Hill Rd, Coventry, RI 2816 Gasoline Stations Term Loan Prime plus 2.75% 11/19/2043 118.5 118.5 132.5 0.04 %
High Desert Transport, Inc. (#,^) 2015 Woodspring Terrace, Henderson, NV 89012 Truck Transportation Term Loan Prime plus 2.75% 12/19/2028 66.5 66.5 62.2 0.02 %
Saunders Management LLC dba Northern Light Espresso Bar and Cafe (#,^) 536 Spruce St, Scranton, PA 18503 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/16/2028 34.6 34.6 36.1 0.01 %
Cali Fit Meals (#,^) 3450 East Orangethrope Ave, Anaheim, CA 92806 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/16/2028 53.4 53.4 48.5 0.01 %
Cocomo Joe's LLC (#,^) 3949 New Rd, Youngstown, OH 44515 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/16/2028 0.6 0.6 0.5 — %
Beau & HB Inc dba Beau's Billiard, Bowling & Arcade (#,^) 100 Village Rd, Port Lavaca, TX 77979 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/16/2029 37.6 37.6 38.1 0.01 %
Beau & HB Inc dba Beau's Billard, Bowling & Arcade (#,^) 100 Village RD, Port Lavaca, TX 77979 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/16/2043 68.4 68.4 74.5 0.02 %
Allegro Assisted Living Services of Texas LLC (#,^) 3400 Remington Dr, Plano, TX 75023 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 11/15/2043 58.9 58.9 67.0 0.02 %
Schafer Fisheries Inc. (#,^) 21985 Waller Rd, Fulton, IL 61252 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 11/14/2028 43.7 43.7 45.6 0.01 %
US Dedicated LLC (#,^) 13410 SE 26th Circle, Vancouver, WA 98683 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/9/2028 374.3 374.3 344.2 0.10 %
Salon Femi LLC (#,^) 1107 BRd St, Bloomfield, NJ 7003 Personal and Laundry Services Term Loan Prime plus 2.75% 12/9/2028 6.4 6.4 6.3 — %
McNeill Stokes (#,^) 5372 Whitehall Pl SE, Mableton, GA 30126 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/8/2028 5.8 5.8 5.2 — %
Vancole Investments, Inc. dba Smoothie King #913 (#,^) 876 Virginia Ave, Hapeville, GA 30354 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/7/2044 406.1 406.1 436.5 0.13 %
196
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Peter Thomas Roth Labs LLC and June Jacobs Labs, LLC (#,^) 460 Park Ave, Floor 16, New York, NY 10022 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/1/2028 277.6 277.6 251.1 0.07 %
Modutech Marine Inc (#,^) 2218 Marine View Drive, Tacoma, WA 98422 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 12/1/2028 320.5 320.5 334.6 0.10 %
Steele Security, LLC dba Signal 88 Security of San Antonio (#,^) 11230 West Ave, Ste 2210, San Antonio, TX 78213 Administrative and Support Services Term Loan Prime plus 2.75% 10/31/2028 94.2 94.2 86.2 0.03 %
Abington Caregivers, LLC (#,^) 7804 Montgomery Ave Unit 3-6, Elkins Park, PA 19027 Social Assistance Term Loan Prime plus 2.75% 11/30/2043 121.9 121.9 134.3 0.04 %
C.A.T.I. Armor, LLC (#,^) 435 Packard Hwy, Charlotte, MI 48813 Apparel Manufacturing Term Loan Prime plus 2.75% 10/30/2043 203.9 203.9 220.7 0.07 %
Organic Juice Bar Wexford LLC dba The OJB "The Organic Juice Bar" (#,^) 1500 Village Run Rd, Wexford, PA 15090 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/30/2029 70.0 70.0 64.6 0.02 %
UK, LLC dba Pita Pit (#,^) 20038 West Valley HWY, Kent, WA 98032 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/30/2029 53.2 53.2 49.4 0.01 %
Ohio Gold & Pawn LLC, Our New Building LLC and Corey Fischer (#,^) 3970 Everhard Rd, NW, Canton, OH 44709 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 10/26/2028 124.8 124.8 130.3 0.04 %
The Face Place, LLC dba Classic Aesthetics (#,^) 4268 Cahaba Heights CT Ste 115, Vestavia, AL 35243 Personal and Laundry Services Term Loan Prime plus 2.75% 10/25/2028 8.5 8.5 7.7 — %
Bellas Sports Pub, Inc dba Brewmasters Tavern (#,^) 1152 Main St, Coventry, RI 2816 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/24/2043 67.2 67.2 76.1 0.02 %
Shovels and Whiskey LLC (#,^) 446 SE Washington St, Hillsboro, OR 97123 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 10/16/2043 74.2 74.2 82.8 0.02 %
Hackstaff Restaurants LLC (#,^) 248 W 1st. St Ste 201, Reno, NV 89501 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2029 141.9 141.9 131.1 0.04 %
TA Coleman, LLC dba Tom's Truck Shop (#,^) 2101 Route 610, Woodbine, NJ 8270 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/12/2028 5.0 5.0 4.8 — %
Cater To You Agency, LLC, dba Cater To You (#,^) 1319 Sherrick Rd SE, Canton, OH 44707 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/11/2043 21.8 21.8 23.7 0.01 %
Faydon, Inc (#,^) 1905 W Baker St, Ste A, Plant City, FL 33567 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 10/10/2028 63.7 63.7 66.5 0.02 %
MB Click It Photography, LLC (#,^) 100 Manchester Ranch Place, Aynor, SC 29511 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/10/2043 37.1 37.1 41.2 0.01 %
Wellfleet Consulting Inc. (#,^) 2275 Research Blvd Ste # 500, Rockville, MD 20850 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/9/2028 12.7 12.7 11.5 — %
Apps Inc and Market Share Inc. (#,^) 80 Main St, Old Saybrook, CT 6475 Telecommunications Term Loan Prime plus 2.75% 10/5/2028 75.8 75.8 68.6 0.02 %
Moore Care LLC (#,^) 8550 United Plaza Blvd., Baton Rouge, LA 79809 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/4/2028 44.0 44.0 39.8 0.01 %
JAM Media Solutions LLC (#,^) 11 Netherwood Terrace, East Orange, NJ 7017 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/28/2028 768.2 768.2 714.2 0.21 %
Throop Family Holdings, Inc (#,^) 7130 Crater Lake, White City, OR 97603 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/28/2043 621.5 621.5 672.2 0.20 %
A-1 Van Sevices, Inc. (#,^) 154 Sandy Creek Rd, Verona, PA 15147 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 9/28/2028 90.7 90.7 90.4 0.03 %
197
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
SwabCo Inc. (#,^) 2341 East Ellis St, Leveland, TX 79336 Support Activities for Mining Term Loan Prime plus 2.75% 9/28/2043 908.2 908.2 991.4 0.29 %
Rami Technology USA, LLC (#,^) 10400 NW 33rd St, Miami, FL 33172 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 9/28/2028 151.2 151.2 137.9 0.04 %
Burd Brothers Inc. (#,^) 4005 Borman Drive, Batavia, OH 45103 Truck Transportation Term Loan Prime plus 2.75% 9/28/2028 450.5 450.5 441.7 0.13 %
La Venezia Corporation dba La Venezia Ballroom & Robertos Lounge (#,^) 4646 SE 11th Place, Cape Coral, FL 33904 Food and Beverage Stores Term Loan Prime plus 2.75% 9/28/2043 320.1 320.1 353.8 0.10 %
Blackwater Diving, LLC (#,^) 112 Forrest Rd, Morgan City, LA 70380 Support Activities for Mining Term Loan Prime plus 2.75% 9/27/2028 670.7 670.7 622.2 0.18 %
Quality Electric & Data (#,^) 85 Franklin Rd Unit 9B, Dover, NJ 7801 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/27/2028 83.8 83.8 82.4 0.02 %
Blue Seven, LLC (#,^) 11111 San Jose Blvd, Ste 70, Jacksonville, FL 32223 Ambulatory Health Care Services Term Loan Prime plus 2.75% 1/27/2029 50.9 50.9 48.0 0.01 %
Quality Electric & Data Inc. (#,^) 85 Franklin RD Unit 9B, Dover, NJ 7801 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/27/2043 125.3 125.3 134.0 0.04 %
Action Barricade Company, LLC and Barricade Holding LLC (#,^) 1802 N 27th Ave, Phoenix, AZ 85009 Rental and Leasing Services Term Loan Prime plus 2.75% 9/27/2028 259.0 259.0 255.6 0.08 %
LG Law Center, Inc (#,^) 15452 Amar Rd, La Puente, CA 91744 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/27/2028 12.6 12.6 11.7 — %
TFR Transit Inc, The Free Ride Inc, South Florida Free Ride Inc.,Tag-A (#,^) 777 South Flagler Drive Ste 800W, West Palm Beach, FL 33401 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 9/27/2028 104.8 104.8 101.3 0.03 %
Catherine Brandon, PSY.D., Inc dba Kenneth A Deluca, PH.D., & Assoc (#,^) 35888 Center Ridge Rd, Ste 5 & 6, North Ridgeville, OH 44039 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/27/2028 99.3 99.3 90.2 0.03 %
US Shipping Trans Inc, Esteem Trucking Inc (#,^) 16102 Sweetwater Court, Lathrop, CA 95330 Truck Transportation Term Loan Prime plus 2.75% 9/26/2028 706.6 706.6 709.3 0.21 %
Dentistry By Design, P.C (#,^) 315 Walt Whitman Rd Ste 204-205, South Huntington, NY 11746 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/26/2028 12.6 12.6 11.7 — %
Ace Auto Recovery, Inc. (#,^) 1209 North Lane Ave, Jacksonville, FL 32254 Administrative and Support Services Term Loan Prime plus 2.75% 9/26/2043 154.1 154.1 170.2 0.05 %
LTS School, Inc. (#,^) 3731 NW 9th Ave, Deerfield Beach, FL 33064 Educational Services Term Loan Prime plus 2.75% 9/26/2043 97.7 97.7 111.2 0.03 %
Above and Beyond Preschool LLC (#,^) 672-678 Camellia Drive, Royal Palm Beach, FL 33411 Social Assistance Term Loan Prime plus 2.75% 9/26/2043 533.8 533.8 593.3 0.17 %
Newsome Mobile Notary LLC (#,^) 8153 12th Ave SW, Seattle, WA 98106 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/25/2028 4.4 4.4 4.0 — %
Bhatti LLC, Bhatti 3 LLC, dba Auntie Annes (#,^) 7219 Silver Mist Ave, North Chesterfield, VA 23237 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/25/2028 105.1 105.1 98.3 0.03 %
Phillip Ramos Upholstery Inc. (#,^) 3835 Elm St, Denver, CO 80207 Repair and Maintenance Term Loan Prime plus 2.75% 9/24/2028 13.0 13.0 11.7 — %
D & D Optics Inc dba Sterling Optical (#,^) 1487 East LaSalle Drive, Bismark, ND 58503 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/21/2028 45.4 45.4 41.7 0.01 %
198
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
DC Lofty, LLC, (#,^) 301 I St NW, Washington, DC 20001 Accommodation Term Loan Prime plus 2.75% 9/21/2028 18.9 18.9 17.2 0.01 %
Southern Services and Equipment, Inc (#,^) 321 Bayou Rd, Saint Bernard, LA 70085 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/21/2028 357.3 357.3 349.3 0.10 %
Southern Services and Equipment, Inc. (#,^) 321 Bayou Rd, Saint Bernard, LA 70085 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/21/2043 202.3 202.3 214.8 0.06 %
MillClem Corporation & Monticello Corporation (#,^) 16660 Oak St, Dillwyn, VA 22936 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 9/21/2043 319.6 319.6 363.3 0.11 %
The Garden Club, LLC (#,^) 125 South DuBuque St, Iowa City, IA 52240 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/21/2028 5.7 5.7 5.1 — %
Tables and Bars Services, Inc and Tables and Bars Rentals, LLC (#,^) 5051 Peachtree Corners Circle Ste #200, Norcross, GA 30092 Administrative and Support Services Term Loan Prime plus 2.75% 9/20/2028 15.5 15.5 14.8 — %
Watearth Inc (#,^) 445 South Figuerora Ste 3128, Los Angeles, CA 90071 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/19/2028 18.9 18.9 17.1 0.01 %
Lewis River Golf Course, Inc. (#,^) 3209 Lewis River Rd, Woodland, WA 98674 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/19/2043 482.4 482.4 548.5 0.16 %
Super Station Inc (#,^) 8855 N Country Rd 25A, Pique, OH 45356 Gasoline Stations Term Loan Prime plus 2.75% 9/19/2043 202.1 202.1 229.8 0.07 %
Dash Point Distributing LLC, Dash Point Logistics LLC and Sara Consal (#,^) 35000 Pacific Hwy, Federal Way, WA 98003 Truck Transportation Term Loan Prime plus 2.75% 9/19/2028 406.5 406.5 367.2 0.11 %
C3 Capital, Inc (#,^) 10010 N. Hampton Cove Lane, Indianapolis, IN 46236 Nonstore Retailers Term Loan Prime plus 2.75% 9/19/2028 535.8 535.8 533.0 0.16 %
M&P RV LLC dba M&P RV (#,^) 10 Century Lane, Dillsburg, PA 17019 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 9/19/2043 105.4 105.4 119.8 0.04 %
DB Talak LLC (#,^) 2018 SE 6th Ave, Portland, OR 97214 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/18/2043 147.2 147.2 160.4 0.05 %
E & G Enterprises LLC dba Comfort Keepers (#,^) 220 Middle St, Franklin, VA 23851 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/18/2028 5.0 5.0 4.6 — %
Pastel de Feira LLC dba Original Pastel De Feira (#,^) 4244 Pine Ridge CT, Weston, FL 33331 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/17/2028 5.1 5.1 4.9 — %
Glendale Grill Inc, Roddy Cameron, Jr & John K Symasko (#,^) 65 Glendale St, Easthampton, MA 1027 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/17/2043 168.9 168.9 184.9 0.05 %
Culmination Motorsports, Inc. (#,^) 160 W 91st Ave, Unit B, Anchorage, AK 99515 Repair and Maintenance Term Loan Prime plus 2.75% 9/17/2043 539.9 539.9 611.7 0.18 %
L&M Equipment, Inc (#,^) Mile 2.5 Alaska Peninsula Hwy, Naknek, AK 99633 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/14/2043 1,206.1 1,206.1 1,330.7 0.39 %
J & C Garcia LLC (#,^) 26 BRd St, Alexander City, AL 35010 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/14/2028 62.0 62.0 57.3 0.02 %
Baby's on Broadway LLC (#,^) 47 East Broadway, Little Falls, MN 56345 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 9/14/2028 41.9 41.9 40.4 0.01 %
Rihahn Inc. dba RDBL, Inc (#,^) 1397 McGuire Rd, Lamar, AR 72846 Forestry and Logging Term Loan Prime plus 2.75% 9/14/2028 117.4 117.4 112.7 0.03 %
QBS, LLC dba Sterling Optical Exton (#,^) 211 W Lincoln Hwy, Exton, PA 19341 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/14/2028 68.1 68.1 62.1 0.02 %
199
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Innovim LLC (#,^) 6401 Golden Triangle Drive Ste 200, Greenbelt, MD 20770 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/14/2028 95.4 95.4 86.2 0.03 %
Innovative Network Solutions Inc (#,^) 31567 West 10 Mile Rd, Farmington Hills, MI 48336 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/13/2028 105.1 105.1 97.6 0.03 %
Underground Productions LLC dba 31 Escape (#,^) 1731 Decatur Hwy, Fultandale, AL 35068 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/13/2043 95.4 95.4 108.4 0.03 %
Rancho Paving, Inc (#,^) 339 Cypress Lane, El Cajon, CA 92020 Repair and Maintenance Term Loan Prime plus 2.75% 9/10/2028 157.2 157.2 159.0 0.05 %
Pool Guard of LA (#,^) 10866 Washington Blvd, Apartment #24, Culver City, CA 90232 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/7/2028 18.8 18.8 17.1 0.01 %
MurlinComputerCompany LLC dba Murlin Computer, (#,^) 1014 Thompson Blvd Ste 38B, Sedalia, MO 65301 Repair and Maintenance Term Loan Prime plus 2.75% 9/7/2028 13.1 13.1 12.1 — %
Pelican Executives Suites, LLC (#,^) 2200 Colorado Ave Sutie 131, Santa Monica, CA 90404 Administrative and Support Services Term Loan Prime plus 2.75% 9/7/2028 268.9 268.9 242.8 0.07 %
NY Tent, LLC dba Tent Company of New York LLC, NY Tent Parent LLC (#,^) 140141 Lakeland Ave, Bohemia, NY 11716 Rental and Leasing Services Term Loan Prime plus 2.75% 9/7/2028 270.2 270.2 263.6 0.08 %
Dr. G's Urgent Care LLC (#,^) 1425 S Congress Ave, Delray Beach, FL 33445 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/7/2028 18.8 18.8 17.0 0.01 %
Asheville Spine and Nerve Institute PC (#,^) 190 Broadway St Ste 205, Asheville, NC 28801 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/7/2043 87.2 87.2 98.7 0.03 %
Trolley Express Philly, Inc dba Shuttlebee &Honeybee Transportation (#,^) 3401 Market St Ste 200, Philadelphia, PA 19104 Support Activities for Transportation Term Loan Prime plus 2.75% 9/6/2028 7.6 7.6 7.3 — %
Living Centers Inc. dba Veranda House Senior Living (#,^) 5129 E 5th St, Katy, TX 77493 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 8/31/2043 406.4 406.4 462.0 0.14 %
LACCRB LLC dba PostNet (#,^) 3250 Retail Dr Ste 120, Carson City, NV 89706 Printing and Related Support Activities Term Loan Prime plus 2.75% 11/30/2028 12.7 12.7 11.7 — %
XL Soccer World Orlando. LLC, XL Soccer World Saco LLC, XL Sports World (#,^) 825 Courtland St., Orlando, FL 32804 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/30/2043 433.5 433.5 492.9 0.15 %
Stat Constructor L.P (#,^) 9573 US Hwy 220, Stoneville, NC 27048 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/30/2028 88.1 88.1 91.8 0.03 %
ARVAmethod LLC (#,^) 516 N Ogden Ave # 150, Chicago, IL 60642 Personal and Laundry Services Term Loan Prime plus 2.75% 8/29/2028 2.0 2.0 1.8 — %
Greenfield Hill Wines & Spirits, LLC (#,^) 65 Hillside Rd, Fairfield, CT 6824 Food and Beverage Stores Term Loan Prime plus 2.75% 8/29/2028 76.5 76.5 69.8 0.02 %
Extreme Engineering, Inc. (#,^) 598 Oliver Dr, Troy, MI 48084 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/29/2028 103.9 103.9 94.7 0.03 %
Kotyark LLC dba Gibsonton Motel (#,^) 11545 US Hwy 41S, Gibsonton, FL 33534 Accommodation Term Loan Prime plus 2.75% 8/29/2043 79.5 79.5 90.4 0.03 %
Graphish Studio, Inc. (#,^) 231 Main St, Stamford, CT 6901 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/28/2028 6.2 6.2 5.6 — %
JFK Transportation Inc (#,^) 4 Mechanic St, Natick, MA 1760 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 8/28/2028 129.3 129.3 119.0 0.04 %
200
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Atlas Geo-Constructors LLC (#,^) 3466 Thomasville Rd Winston, Winston-Salem, NC 27107 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/24/2028 62.9 62.9 64.0 0.02 %
Montana Life Group, LLC (#,^) 8 N 9th Ave, Bozeman, MT 59715 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 8/24/2028 6.2 6.2 5.6 — %
Finn & Emma LLC (#,^) 1275 Bloomfield Ave Building 5 Unit 28B, Fairfield, NJ 7004 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 8/24/2028 101.7 101.7 91.9 0.03 %
Wearware Inc dba FlyWire Cameras (#,^) 2204 Blackmoor Park Lane, Lexington, KY 40509 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 8/24/2028 18.7 18.7 17.2 0.01 %
Zash LLC dba Papa Murphy's take 'N' Bake Pizza (#,^) 2303 White Bear Ave, Maplewood, MN 55025 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/23/2028 35.1 35.1 33.4 0.01 %
Buffalo Biodiesel Inc. (#,^) 225 Sawyer Ave, Tonawanda, NY 14150 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 8/21/2028 1,053.1 1,053.1 1,066.9 0.31 %
Ginekis Enterprises, Inc dba Locanda Veneta (#,^) 8638 W Third St, Los Angeles, CA 90048 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/20/2028 72.0 72.0 65.4 0.02 %
Geo Tek Alaska, Inc (#,^) 2756 Commercial Drive, Anchorage, AK 99501 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/17/2044 123.4 123.4 135.7 0.04 %
ATI Jet, Inc. (#,^) 7007 Boeing Drive, El Paso, TX 79925 Air Transportation Term Loan Prime plus 2.75% 8/16/2028 169.6 169.6 167.2 0.05 %
Lewins Law, P.C. (#,^) 7920 Belt Line Rd Ste 650, Dallas, TX 75254 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/16/2028 15.0 15.0 13.5 — %
GS Bath Inc (#,^) 5335 E Kaviland Ave, Fresno, CA 93725 Truck Transportation Term Loan Prime plus 2.75% 8/15/2028 478.2 478.2 485.1 0.14 %
Pamletics LLC dba F45 (#,^) 22015 IH 10 West, San Antonio, TX 78257 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 11/14/2028 36.7 36.7 34.8 0.01 %
L.A. Insurance Agency GA 10 LLC (#,^) 6655 Tara Blvd. Ste 401, Jonesboro, GA 30236 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 8/10/2028 9.4 9.4 8.4 — %
Crystal Shores Inc. dba Shorewood Laundromat (#,^) 700 West Jefferson St, Shorewood, IL 60404 Personal and Laundry Services Term Loan Prime plus 2.75% 8/9/2028 18.6 18.6 17.5 0.01 %
Palanuk & Associates, Inc.dba Wolfpk (#,^) 28110 SE Fern Drive, Boring, OR 97009 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/8/2028 85.2 85.2 77.6 0.02 %
CJNR, LLC (#,^) 208 East Main St, Elma, WA 98541 Accommodation Term Loan Prime plus 2.75% 8/7/2043 117.3 117.3 133.4 0.04 %
Mercedes Cab Company, Inc (#,^) 35 Alden St, Province Town, MA 2657 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 8/7/2028 108.1 108.1 100.8 0.03 %
Ron's Pool and Spa Services LLC (#,^) 1419 NE 30th St., Pompano, FL 33064 Personal and Laundry Services Term Loan Prime plus 2.75% 8/3/2028 3.1 3.1 2.8 — %
Alma Jacobsen,ODD Family Eye Care & Contact Lens LLC (#,^) 1700 Nottingham Way Ste 12A, Hamilton, NJ 8619 Health and Personal Care Stores Term Loan Prime plus 2.75% 8/3/2028 50.1 50.1 45.9 0.01 %
20th Century Lanes, Inc dba West Seattle Bowl (#,^) 4505 39 Ave SW, Seattle, WA 98116 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/3/2028 96.0 96.0 96.1 0.03 %
Millwork Unlimited, Incorporated (#,^) 8264 Pine Cay Rd, Wellington, FL 33414 Wholesale Electronic Markets and Agents and Brokers Term Loan Prime plus 2.75% 8/2/2028 6.2 6.2 5.6 — %
Accel Compression Inc., Accel Workover Services, Inc (#,^) 4500 S Country Rd, Odessa, TX 79765 Rental and Leasing Services Term Loan Prime plus 2.75% 8/1/2043 289.6 289.6 312.5 0.09 %
201
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Accel Compression Inc., Accel Workover Services Inc. dba Mica Tool (#,^) 4500 S. Country Rd 1310, Odessa, TX 79765 Rental and Leasing Services Term Loan Prime plus 2.75% 8/1/2028 388.8 388.8 386.4 0.11 %
Samy Optical LLC dba Site for Sore Eyes (#,^) 1350 Travis Blvd Ste 1507A, Fairfield, CA 94533 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/1/2028 88.6 88.6 80.1 0.02 %
CSL Services Inc (#,^) 7905 Browning Rd, Ste.312,314,316, Pennsauken, NJ 8109 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/27/2028 451.8 451.8 432.3 0.13 %
Nunez Enterprises Corporation dba La Casa (#,^) 3330 Piedmont RD NE, Atlanta, GA 30305 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 7/26/2028 6.3 6.3 5.7 — %
Relevant Elephant ,LLC (#,^) ON320 Woodvale St, Winfield, IL 60190 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/25/2028 4.9 4.9 4.4 — %
TR Nails, LLC dba Simple Nails (#,^) 158 Great Rd, Bedford, MA 1730 Personal and Laundry Services Term Loan Prime plus 2.75% 7/20/2028 52.0 52.0 46.9 0.01 %
ZA Trucking LLC (#,^) 5945 York Way, East Lansing, MI 48823 Truck Transportation Term Loan Prime plus 2.75% 7/17/2028 8.5 8.5 8.2 — %
674 Club LLC (#,^) 674 N Orleans, Chicago, IL 60654 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/17/2043 253.2 253.2 287.9 0.08 %
Mother's Cantina LLC dba Mother's Cantina (#,^) 2810 Philadephia Ave Unit #10, Ocean City, MD 21842 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/13/2028 56.7 56.7 52.1 0.02 %
Smart-tel Communications LLC (#,^) 9720 W. Colfax Ave Ste 100, Lakewood, CO 80215 Administrative and Support Services Term Loan Prime plus 2.75% 7/13/2028 17.4 17.4 18.2 0.01 %
HQTRONICS LLC (#,^) 10135 South Roberts Rd Ste 209, Palos Hills, IL 60465 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 7/13/2028 51.6 51.6 46.6 0.01 %
Smoove Move Productions, LLC dba Smoove Move Productions (#,^) 3932 North 16th St, Omaha, NE 68110 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 7/12/2028 8.9 8.9 9.2 — %
Talent Logistix, LLC, Pinpoint Staffing LLC & ITC 2.0 LLC (#,^) 6350 Shadeland Ave, Indianpolis, IN 46220 Administrative and Support Services Term Loan Prime plus 2.75% 7/3/2028 51.6 51.6 48.2 0.01 %
Vital Inspection Professionals, Inc. dba VIP (#,^) 180 Airpark Industrial Rd, Alabaster, AL 35007 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/3/2028 256.8 256.8 254.2 0.07 %
US Cargo Express, LLC (#,^) 4735 22 Mile Rd, Utica, MI 48317 Support Activities for Transportation Term Loan Prime plus 2.75% 7/2/2043 81.5 81.5 94.9 0.03 %
Bio-Haz Solutions, Inc (#,^) 23 Tonolli Rd, Nesquehoning, PA 18240 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/29/2029 217.3 217.3 226.2 0.07 %
Bio-Haz Solutions, Inc. (#,^) 23 Tonoli Rd, Nesquehoning, PA 18240 Waste Management and Remediation Services Term Loan Prime plus 2.75% 5/29/2044 358.2 358.2 399.3 0.12 %
M J Losito Electrical Contractor's, Inc (#,^) 98 Wooster St, Bethel, CT 6801 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/29/2028 18.8 18.8 18.8 0.01 %
Corptek Solutions LLC (#,^) 2363 N. Hwy # 287 Ste # 111, Mansfield, TX 76063 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/28/2028 38.9 38.9 37.9 0.01 %
Critter Cabana, LLC dba Critter Cabana (#,^) 516 East Main St, Newberg, OR 97132 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 6/28/2028 56.9 56.9 55.5 0.02 %
National Dredging Services of North Florida, Inc. (#,^) 1537 Northwest Main Blvd., Lake City, FL 32055 Repair and Maintenance Term Loan Prime plus 2.75% 6/27/2043 27.6 27.6 32.1 0.01 %
National Dredging Services of North Florida, Inc. (#,^) 1537 Northwest Main Blvd., Lake City, FL 32055 Repair and Maintenance Term Loan Prime plus 2.75% 6/27/2028 43.5 43.5 45.8 0.01 %
202
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Julie Cooper-Bierman dba Forever Shopper (#,^) 7435 Piute Creek Dr, Corona, CA 92881 Nonstore Retailers Term Loan Prime plus 2.75% 6/27/2028 13.1 13.1 12.8 — %
Darnoc Enterprises Inc, Setira Paul Inc dba Conrad's Famous Bakery (#,^) 299 Utica Ave, Brooklyn, NY 11203 Food Manufacturing Term Loan Prime plus 2.75% 6/27/2043 341.7 341.7 392.8 0.12 %
InUSA Ventures, Inc (#,^) 508 Hyacinthus Court, San Ramon, CA 94582 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 6/27/2028 40.9 40.9 39.9 0.01 %
Nick's Country Kitchen, LLC (#,^) 3 Flanders RD, Building #1, Bethlehem, CT 6751 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/27/2028 18.4 18.4 18.1 0.01 %
Bengals, Inc. dba Royal Liquor Mart (#,^) 3714 E State St, Rockford, IL 61108 Food and Beverage Stores Term Loan Prime plus 2.75% 6/26/2043 102.1 102.1 115.8 0.03 %
Peter Thomas Roth Labs LLC, & June Jacobs Labs, LLC, (#,^) 460 Park Ave, Floor 16, New York, NY 10022 Health and Personal Care Stores Term Loan Prime plus 2.75% 6/26/2028 757.1 757.1 750.0 0.22 %
Sun Pools, Inc (#,^) 130 Holiday LN, Albany, KY 42602 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 6/25/2043 294.0 294.0 323.5 0.10 %
Sun Pools, Inc dba Sun Fiberglass Pools (#,^) 130 Holiday Lane, Albany, KY 42602 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 6/25/2028 639.6 639.6 635.8 0.19 %
DPF Filters Inc. (#,^) 2832 Golden State Blvd., Madera, CA 93637 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/25/2028 56.3 56.3 55.6 0.02 %
Martha Beauty Supply And Braiding, Inc. (#,^) 538 E Boughton Rd, Bolingbrook, IL 60440 Personal and Laundry Services Term Loan Prime plus 2.75% 6/22/2043 134.1 134.1 155.9 0.05 %
Sushi Prime, LLC and Vasilia Investments (#,^) 32 SE 2nd Ave, Delray Beach, FL 33444 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/22/2028 224.9 224.9 226.0 0.07 %
Mr. Lube, Inc (#,^) 721 E Westpoint Drive., Wasilla, AK 99654 Repair and Maintenance Term Loan Prime plus 2.75% 6/22/2043 654.6 654.6 734.9 0.22 %
Mr. Lube, Inc. (#,^) 721 E. West Point Drive, Wasilla, AK 99654 Repair and Maintenance Term Loan Prime plus 2.75% 6/22/2028 516.8 516.8 526.1 0.16 %
The Desert House Assisted Living ,LLC dba The Desert House Assisted (#,^) 11055 E Grove St, Mesa, AZ 85208 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 6/22/2043 75.6 75.6 86.8 0.03 %
York Woods Tree Service, LLC dba York Woods Tree and Products, LLC (#,^) 300 Harold Dow Hwy, Eliot, ME 3903 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/21/2028 116.6 116.6 120.0 0.04 %
Independent Life LLC (#,^) 4955 S Durango Drive, Ste124, Las Vegas, NV 89113 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/21/2028 100.7 100.7 98.2 0.03 %
York Woods Tree Service, LLC dba York Woods Tree and Products, LLC (#,^) 300 Harold Dow Hwy, Elliot, ME 3903 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/21/2043 233.9 233.9 264.7 0.08 %
Mid America Motorworks, Inc and Yager Holdings L.P (#,^) 2900 North 3rd St, Effingham, IL 62401 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/19/2043 273.3 273.3 317.7 0.09 %
Colovic Hackettstown Dairy LLC (#,^) 22 Route 57, Hackettstown, NJ 7840 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/19/2043 264.0 264.0 306.6 0.09 %
Jones Roger Sherman Inn, Inc. (#,^) 195 Oenoke Ridge, New Canaan, CT 6840 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/19/2028 369.0 369.0 388.5 0.11 %
203
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Allen Theatre and Back Stage Cafe LLC (#,^) 36 East. Main St, Annville, PA 17003 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 6/18/2043 121.1 121.1 139.6 0.04 %
Schumacker Recreation, LLC (#,^) 5325 S University Drive, Davie, FL 33328 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/18/2028 122.9 122.9 129.5 0.04 %
Softrol Systems Inc dba Softrol Systems (#,^) 1100 Northpoint Pkwy SE, Acworth, GA 30102 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 6/15/2028 721.6 721.6 709.0 0.21 %
Northway Exit 29 Campground, Inc dba Adirondacks Jellystone Parks (#,^) 4035 Blue Ridge Rd, North Hudson, NY 12855 Accommodation Term Loan Prime plus 2.75% 6/15/2043 207.8 207.8 241.5 0.07 %
Oil Palace Inc. (#,^) 10408 Hwy 64 East, Tyler, TX 75707 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 9/15/2043 139.5 139.5 162.4 0.05 %
Venzix Ventures Inc. dba Venzix (#,^) 750 Legend Oak Drive, Fountain, CO 80817 Nonstore Retailers Term Loan Prime plus 2.75% 6/15/2028 10.8 10.8 11.1 — %
Dianne Williams and Louis Williams dba Sweetlips Store (#,^) 3870 Sweet Lips Rd, Henderson, TN 38340 Food and Beverage Stores Term Loan Prime plus 2.75% 6/15/2043 44.4 44.4 50.9 0.01 %
Tele Tax Express Inc (#,^) 166 Getty Ave, Paterson, NJ 7503 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/14/2028 18.4 18.4 19.0 0.01 %
Team Sandy Blanton Realty, Inc (#,^) 1225 West Gregory St, Pensacola, FL 32502 Real Estate Term Loan Prime plus 2.75% 6/14/2043 93.1 93.1 104.2 0.03 %
E & J Sims Co. LLC (#,^) 28 BRd St, Bloomfield, NJ 7003 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/14/2028 40.9 40.9 40.6 0.01 %
Mastiff Studios LLC (#,^) 2919 West Colorado Ave, Colorado Springs, CO 80904 Educational Services Term Loan Prime plus 2.75% 6/13/2043 41.1 41.1 47.6 0.01 %
Ciasom LLC dba Mosaic (#,^) 1040-1042 Richard Ave, Santa Clara, CA 95050 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/11/2028 147.3 147.3 144.1 0.04 %
Beyond Grooming LLC and Michelle McWatters (#,^) 1200 Old Martindale Rd, San Marcos, TX 78666 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 6/8/2043 41.3 41.3 47.8 0.01 %
Camp K-9 Pet Resort & Spa, Inc. (#,^) 18501 Le Claire Ave, Tinley Park, IL 60478 Personal and Laundry Services Term Loan Prime plus 2.75% 6/8/2028 6.8 6.8 6.6 — %
Skyways LTD,Jet 60 LLC,Mendean Jonath, Inc,Jet AOG, Inc & Jonathan Men (#,^) 426 15th St NW, Huron, SD 57350 Support Activities for Transportation Term Loan Prime plus 2.75% 6/8/2043 365.3 365.3 411.3 0.12 %
Icebox Cafe, L.C. and Icebox Cafe at Doral,LLC (#,^) 1855 Purdy Ave, Miami Beach, FL 33139 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/8/2028 665.1 665.1 655.4 0.19 %
Applied Behavioral Consulting, Inc (#,^) 422 Blooming Grove Tpke, New Windsor, NY 12553 Social Assistance Term Loan Prime plus 2.75% 6/7/2043 48.0 48.0 55.5 0.02 %
H S Corporation dba Lake Anna Lodge (#,^) 5152 Courthouse Rd, Spotsylvania, VA 22551 Accommodation Term Loan Prime plus 2.75% 6/7/2043 126.1 126.1 146.6 0.04 %
Anurag, LLC dba Oakwood Package Store (#,^) 191-195 Oakwood Ave, West Hartford, CT 6107 Food and Beverage Stores Term Loan Prime plus 2.75% 6/6/2043 132.7 132.7 149.4 0.04 %
Hardway Inc and A F C Leasing, Inc (#,^) 12533 S. 73rd East Place, Bixby, OK 74008 Rental and Leasing Services Term Loan Prime plus 2.75% 6/6/2028 246.8 246.8 240.6 0.07 %
Sowells Consulting Engineers, LLC (#,^) 13430 Northwest Freeway #260, Houston, TX 77040 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/6/2028 18.4 18.4 18.0 0.01 %
204
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Funtime ,LLC dba Indoor Playgrounds International (#,^) 13200 West Foxfire Drive Ste 144, Surprise, AZ 85378 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/5/2028 211.2 211.2 206.0 0.06 %
SSD Designs LLC (#,^) 10840 Bay Hill Club Drive, Charlotte, NC 28277 Waste Management and Remediation Services Term Loan Prime plus 2.75% 6/5/2028 61.4 61.4 60.2 0.02 %
Mastrocinque Restaurant Management Company LLC dba Santionii's (#,^) 3535 Hwy 17 Unit 14 &15, Fleming Island, FL 32003 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/1/2028 51.3 51.3 53.5 0.02 %
BTD Feed & Nutrition, LLC dba Thomaston Feed Cheshire (#,^) 943 South Main St, Cheshire, CT 6410 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 6/1/2028 39.4 39.4 38.4 0.01 %
Awan Business Management Group LLC, Awan Sign Company LLC (#,^) 14429 South Wallin Drive, Plainfield, IL 60544 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/31/2043 264.8 264.8 303.2 0.09 %
Seraj Wireless, LLC (#,^) 132 Madison Ave, Albany, NY 12202 Electronics and Appliance Stores Term Loan Prime plus 2.75% 5/31/2028 101.5 101.5 106.8 0.03 %
Eagle Aggregate Transportation, LLC (#,^) 4401 N I-35 Ste #113, Denton, TX 76207 Truck Transportation Term Loan Prime plus 2.75% 5/30/2028 72.9 72.9 72.9 0.02 %
Crowley Ventures, LLC (#,^) 665 Worthington Rd, Westerville, OH 43082 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/29/2028 60.6 60.6 59.6 0.02 %
Iloka, Inc dba New Cloud Networks (#,^) 160 Inverness Drive. W Ste 150, Englewood, CO 80112 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/25/2028 202.9 202.9 204.3 0.06 %
Adow Pools LLC (#,^) 393 Glenbrook Rd, Stamford, CT 6906 Personal and Laundry Services Term Loan Prime plus 2.75% 5/25/2028 141.9 141.9 140.2 0.04 %
Ocean Breeze Holdings, LLC, Ocean Beach Resort LLC & Ocean Breeze (#,^) 3 Williams Ave, Mystic, CT 6355 Accommodation Term Loan Prime plus 2.75% 5/25/2043 1,245.1 1,245.1 1,447.4 0.43 %
Broadalbin Properties LLC dba Broadalbin Hotel & 1854 Pub & Eatery (#,^) 59 West Main St, Broadalbin, NY 12025 Accommodation Term Loan Prime plus 2.75% 10/25/2043 195.5 195.5 228.0 0.07 %
Dream Spa LLC and Dream Spa Greenwich LLC (#,^) 1220 Post Rd East, Westport, CT 6880 Personal and Laundry Services Term Loan Prime plus 2.75% 5/25/2028 83.5 83.5 81.9 0.02 %
Starship, LLC dba Tint World Smyrna (#,^) 2274 S Atlanta Rd SE, Smyrna, GA 30080 Repair and Maintenance Term Loan Prime plus 2.75% 5/25/2043 94.5 94.5 109.1 0.03 %
DMA Equipment LLC (#,^) 700 Lee St, Elk Grove Village, IL 60007 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/24/2043 251.5 251.5 284.2 0.08 %
Chem-Flotronics, Inc. (#,^) 195 Paterson Ave, Little Falls, NJ 7424 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 5/22/2028 81.2 81.2 80.1 0.02 %
Yakov Levy M.D., P.C. (#,^) 70-31 108th St, Forest Hills, NY 11375 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/18/2028 27.4 27.4 26.9 0.01 %
Mark A Espinoza, DDS PLLC dba Central Dental Care (#,^) 9315 N Central Ave, Phoenix, AZ 85020 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/18/2028 51.0 51.0 49.8 0.01 %
On Stage Enterprises LLC, On Stage Theaters Branson, LLC, On Stage (#,^) 4570 W Post Rd Ste #100, Las Vegas, NV 89118 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 5/17/2028 205.2 205.2 200.0 0.06 %
JVLS LLC dba Vaccines 2 Go (#,^) 4060 Johns Creek Parkway, Ste H,, Suwanee, GA 30024 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/17/2028 6.9 6.9 6.7 — %
205
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Joshua One Limited Liability Company dba Genesis Personal Fitness (#,^) 28 North State St Unit 100, Newtown, PA 18940 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/16/2043 308.0 308.0 346.7 0.10 %
Clore Construction LLC (#,^) 21220 FM 1420, Harlingen, TX 78550 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 5/16/2028 121.5 121.5 122.1 0.04 %
James T. Hendel dba Autotexx Mobile Auto Repair (#,^) 5857 Hwy101 North, Rockmart, GA 30153 Repair and Maintenance Term Loan Prime plus 2.75% 5/15/2028 6.1 6.1 6.4 — %
Fireplace Outlet Inc (#,^) 8216 Main St, Williamsville, NY 14221 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 5/15/2028 14.8 14.8 15.5 — %
Galore Salon & Extension Lounge Inc dba Pretty Chic Hair & Lashes (#,^) 5714 Edmondson Pike Ste 24, Nashville, TN 37211 Personal and Laundry Services Term Loan Prime plus 2.75% 5/14/2028 3.7 3.7 3.6 — %
Circle and Square, Inc dba Stamford Kumon (#,^) 50 Forest St Ste 902, Stamford, CT 6901 Educational Services Term Loan Prime plus 2.75% 5/11/2028 35.4 35.4 34.6 0.01 %
Bote Virginia Beach, Inc. dba Bote Virginia Beach (#,^) 1080 Nimmo Pkwy, Ste 104, Virginia Beach, VA 23454 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 5/11/2028 9.1 9.1 8.9 — %
Daniel Woodward, DC PLLC dba Doc's Body Shop (#,^) 3084 N Goliad St, Ste 114, Rockwall, TX 75087 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/11/2028 28.4 28.4 27.6 0.01 %
Adhara, LLC (#,^) 18123 E Appleway Ave, Spokane Valley, WA 99016 Personal and Laundry Services Term Loan Prime plus 2.75% 5/11/2043 41.9 41.9 47.8 0.01 %
Baby Gentry's Childcare & Learning Academy (#,^) 4203 Shenandoah Drive, Dayton, OH 45417 Social Assistance Term Loan Prime plus 2.75% 5/10/2028 9.1 9.1 8.9 — %
Buy Gitomer Inc., Gitgo LLC.,GitGo Archives, LLC, and Jeffrey Gitomer (#,^) 310 Arlington Ave Unit 329, Charlotte, NC 28203 Educational Services Term Loan Prime plus 2.75% 5/9/2043 696.7 696.7 809.9 0.24 %
Schmaltz Operations LLC dba Companion Camp (#,^) 3408 Castle Rock Farm Rd, Pittsboro, NC 27312 Personal and Laundry Services Term Loan Prime plus 2.75% 5/7/2028 48.7 48.7 49.8 0.01 %
Container Shipping, LLC (#,^) 533 Nova Rd Ste 213B, Ormond Beach, FL 32174 Support Activities for Transportation Term Loan Prime plus 2.75% 5/4/2028 40.6 40.6 39.6 0.01 %
Wilbur Standford Jr Trucking and Excavating, LLC (#,^) 7505 North Chases Lake Rd, Watson, NY 13343 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/3/2028 194.8 194.8 201.2 0.06 %
Olmsted LLC and 626 Van LLC dba Maison Yaki (#,^) 659 Vanderbilt Ave, Brooklyn, NY 11238 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/1/2029 202.0 202.0 200.9 0.06 %
Metropolitan Solutions Inc. (#,^) 1420 Chestnut St, Portsmouth, VA 23704 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/30/2043 169.8 169.8 187.0 0.06 %
Brenden Kehren Development LLC (#,^) 14689 Gemara Rd, Sparta, WI 54656 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/30/2028 2.4 2.4 2.4 — %
Sunlinc Inc (#,^) 170 Canterbury Court, East Windsor, NJ 8520 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/30/2028 7.8 7.8 7.7 — %
Corona Dance, LLC dba Huracan Dance Studio (#,^) 480 West Main St, Stamford, CT 6902 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 4/30/2028 9.6 9.6 9.4 — %
Saltamontes Tire Company, LLC (#,^) 1955 Boston Ave, Brodgeport, CT 6604 Repair and Maintenance Term Loan Prime plus 2.75% 4/30/2043 98.2 98.2 112.2 0.03 %
Rory James Contracting LLC (#,^) 33 Bennett Place, Amityville, NY 11701 Construction of Buildings Term Loan Prime plus 2.75% 4/27/2028 12.9 12.9 12.6 — %
206
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Kastoria Inc. dba Bantam Pizza (#,^) 768 Bantam Rd, Bantam, CT 6750 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/27/2028 12.1 12.1 11.8 — %
Suraj Enterprises, Inc. (#,^) 11720 W. Airport Rd, Meadows Place, TX 77477 Food and Beverage Stores Term Loan Prime plus 2.75% 4/27/2028 251.1 251.1 255.0 0.08 %
Little Angels Daycare and Learning Center LLC (#,^) 4551 Summit Blvd, West Palm Beach, FL 33415 Social Assistance Term Loan Prime plus 2.75% 4/27/2043 153.9 153.9 179.0 0.05 %
RWT Corporation dba Welding Works (#,^) 32 New Rd, Madison, CT 6443 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 4/26/2028 343.5 343.5 344.8 0.10 %
Pledge 4 Hope LLC (#,^) 53 Bayberry Loop South, Purvis, MS 39475 Data Processing, Hosting, and Related Services Term Loan Prime plus 2.75% 4/26/2028 12.1 12.1 11.8 — %
LMH Optics LLC dba Sterling Optical (#,^) 1272 Smallwood Dr West, Waldorf, MD 20603 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/26/2028 40.2 40.2 39.3 0.01 %
K&S Hardware LLC (#,^) 1865 W Wayzata Blvd, Long Lake, MN 55356 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 4/26/2028 18.1 18.1 17.7 0.01 %
Matrix Z, LLC (#,^) 800 SW 21st Terrace, Ft Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 4/26/2028 65.3 65.3 67.8 0.02 %
RWT Corporation dba Welding Works (#,^) 32 New Rd, Madison, CT 6443 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 4/26/2043 204.0 204.0 225.2 0.07 %
Joe & Sons Service, Inc (#,^) 855 Atwood Ave, Cranston, RI 2920 Repair and Maintenance Term Loan Prime plus 2.75% 4/24/2028 84.2 84.2 88.7 0.03 %
Just for Boats LLC (#,^) 459 Dupre Rd, McClellanville, SC 29458 Repair and Maintenance Term Loan Prime plus 2.75% 4/20/2043 16.8 16.8 19.5 0.01 %
Spitnale's Garage LLC (#,^) 3761 Mahoning Ave, Youngstown, OH 44515 Repair and Maintenance Term Loan Prime plus 2.75% 4/20/2043 57.8 57.8 65.7 0.02 %
Rosemarie Products Company LLC (#,^) 5400 Crooked Tree Drive, Mason, OH 45040 Health and Personal Care Stores Term Loan Prime plus 2.75% 4/18/2028 12.1 12.1 11.8 — %
Means Enterprises LLC (#,^) 4150 Legacy Drive N Ste # 412, Frisco, TX 75034 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 4/18/2028 5.7 5.7 5.5 — %
James L Shoemaker APCC (#,^) 221 W Judge Perez Drive, Chalmette, LA 70043 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/18/2028 12.9 12.9 12.6 — %
Veterinary Preventive Care, LLC (#,^) 945 Riverview Ct, Xenia, OH 45385 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/18/2028 37.7 37.7 37.5 0.01 %
A New Dawn Psychotherapy Associates, LLC (#,^) 308 E BRd St, Bethlehem, PA 18018 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/18/2043 83.8 83.8 94.2 0.03 %
Southern HVAC LLC (#,^) 119 Ouachita 212, Camden, AZ 71701 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/17/2043 21.6 21.6 24.1 0.01 %
Southern Oaks Athletic Club, LLC (#,^) 15253 Shenandoah Ave, BATON ROUGE, LA 70817 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/17/2043 351.2 351.2 405.2 0.12 %
Southern HVAC LLC (#,^) 119 Ouachita 212, Camden, AR 71701 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/17/2028 31.8 31.8 32.4 0.01 %
Patricia A. Freeman & Samuel C. Freeman dba Teenas Pizza (#,^) 35 E Main St, Pekin, IN 47165 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/13/2043 40.2 40.2 45.9 0.01 %
Precision Components Group Inc (#,^) 190 Doty Circle, West Springfield, MA 1089 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 4/11/2028 18.1 18.1 18.5 0.01 %
Sexy Nails Center LLC (#,^) 57 Passaic St, Garfield, NJ 7026 Personal and Laundry Services Term Loan Prime plus 2.75% 4/10/2043 194.0 194.0 224.3 0.07 %
207
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Mark Baker (#,^) 1653 Evalie Dr, Fairfield, OH 45014 Truck Transportation Term Loan Prime plus 2.75% 4/9/2028 7.9 7.9 7.8 — %
Innovation Transport LLC (#,^) 1 International Blvd, Ste 400, Mahwah, NJ 7495 Truck Transportation Term Loan Prime plus 2.75% 4/6/2028 41.2 41.2 42.2 0.01 %
Newsome Mobile Notary LLC (#,^) 8153 12th Ave SW, Seattle, WA 98106 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/5/2028 4.2 4.2 4.1 — %
Shree Lakshminarayyn Grocery Stores LLC (#,^) 3307 Charles St, Rockford, IL 61108 Gasoline Stations Term Loan Prime plus 2.75% 4/5/2043 114.9 114.9 131.6 0.04 %
Bean City Bar and Grill LLC (#,^) N 2505 Bean City Rd, New London, WI 54961 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/4/2043 71.6 71.6 83.2 0.02 %
B&C Texas Leasing Inc.,M & W Hot Oill, Inc (#,^) 8124 Sprague Rd, Odessa, TX 79764 Truck Transportation Term Loan Prime plus 2.75% 3/30/2043 259.7 259.7 291.8 0.09 %
Master Roofing and Siding Inc. (#,^) 25 Robert Pitt Dr Ste 213, Monsey, NY 10952 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/30/2028 211.5 211.5 205.8 0.06 %
Fifth Wheel Truck Stop 001 (#,^) 3767 S Golden State Blvd, Fresno, CA 93725 Gasoline Stations Term Loan Prime plus 2.75% 3/30/2043 1,094.4 1,094.4 1,221.9 0.36 %
Michael S Brown Physical Therapy, P.C (#,^) 300 Hempstead Tpke Ste. 3 & 4, Hempstead, NY 11552 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/30/2028 78.0 78.0 75.9 0.02 %
Alaska Industrial Paint LLC (#,^) 229 Whitney Rd, Unit B, Anchorage, AK 99501 Repair and Maintenance Term Loan Prime plus 2.75% 3/30/2028 99.6 99.6 103.8 0.03 %
Romancing the Stone (#,^) 140 Centre of New England Blvd, Coventry, RI 2816 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/30/2043 333.7 333.7 378.6 0.11 %
America's Little Leaders Academy, Inc (#,^) 2570 NW 152nd Terrace, Opa-Locka, FL 33054 Social Assistance Term Loan Prime plus 2.75% 3/30/2043 21.5 21.5 24.7 0.01 %
Payne's Environmental Services LLC (#,^) 5617 Causeway Blvd, Tampa, FL 33619 Administrative and Support Services Term Loan Prime plus 2.75% 3/30/2028 180.9 180.9 183.8 0.05 %
Technical Ordnance Solutions,LLC (#,^) 9950 Business Circle, Ste 13, Naples, FL 34112 Fabricated Metal Product Manufacturing Term Loan 7.75% 3/30/2028 1,060.0 1,060.0 946.7 0.28 %
GQ Investments,LLC (#,^) 5772 Miami Lakes Drive East, Miami, FL 33014 Electrical Equipment, Appliance, and Component Manufacturing Term Loan Prime plus 2.75% 3/30/2028 168.0 168.0 165.5 0.05 %
Alaska Industrial Paint LLC (#,^) 229 Whitney Rd Unit B, Anchorage, AK 99501 Repair and Maintenance Term Loan Prime plus 2.75% 3/30/2043 213.3 213.3 243.8 0.07 %
B&C Texas Leasing Inc and M&W Hot Oil, Inc. (#,^) 8124 Sprague Rd, Odessa, TX 73764 Truck Transportation Term Loan Prime plus 2.75% 3/30/2028 780.9 780.9 796.9 0.23 %
Kaz Wellness, LLC dba Grounded Wellness Center (#,^) 104 Clover Court, Bartlett, IL 60103 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/29/2028 12.7 12.7 12.7 — %
Lou & Choo Enterprises Inc. (#,^) 2101 West Hunting Park Ave, Philadelphia, PA 19140 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/28/2044 104.0 104.0 117.3 0.03 %
Cartwright Termite & Pest Control Inc. and Cartwright Termite &Pest Co (#,^) 1376 Broadway, El Cajon, CA 92021 Administrative and Support Services Term Loan Prime plus 2.75% 3/28/2028 178.2 178.2 180.7 0.05 %
Clancy 15 LLC and Allied Molded Products LLC (#,^) 1145 13th Ave East, Palmetto, FL 34221 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 3/28/2043 207.0 207.0 232.1 0.07 %
Corning Lumber Company Inc & Frank R Close & Son Inc dba True Valley (#,^) 111 E. Laurel St, Willows, CA 95988 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/28/2028 69.8 69.8 73.4 0.02 %
208
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Montage Mountain Resorts, LP (#,^) 1000 Montage Mountain Rd, Scranton, PA 18505 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/28/2043 1,195.6 1,195.6 1,389.8 0.41 %
Clancy 15 LLC and Allied Molded Products LLC (#,^) 1145 13th Ave East, Palmetto, FL 34221 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 3/28/2028 126.3 126.3 128.3 0.04 %
K.C. Communications, Inc. (#,^) 2715 Saturn St, Brea, CA 92821 Telecommunications Term Loan Prime plus 2.75% 3/27/2028 49.9 49.9 52.4 0.02 %
Towing Professionals of Arizona Inc dba Shamrock Towing & All Valley (#,^) 2801 W Osborn Rd, Phoenix, AZ 85017 Support Activities for Transportation Term Loan Prime plus 2.75% 3/26/2043 515.3 515.3 568.0 0.17 %
Cable Management, LLC (#,^) 200 Pratt St, Meriden, CT 6450 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/23/2028 64.1 64.1 66.1 0.02 %
Aque Investment Group LLC (#,^) 3838 N. Sam Houston Parkway E, Houston, TX 77032 Real Estate Term Loan Prime plus 2.75% 3/23/2028 211.9 211.9 222.7 0.07 %
Shweiki Media Inc dba Study Breaks Magazine (#,^) 4954 Space Center Drive, San Antonio, TX 78218 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 3/23/2028 59.9 59.9 62.9 0.02 %
Denton BioFuels LLC and Amercian BioSource, LLC (#,^) 624 W. University Drive.#359, Denton, TX 76201 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/23/2028 72.5 72.5 73.1 0.02 %
All Regional Recyclers of Wood LLC dba ARROW (#,^) 104 Wooster St, Bethal, CT 6801 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/23/2028 104.7 104.7 106.7 0.03 %
Sunshine Tents and Event Rentals LLC (#,^) 2322 SW 58th Terrace, West Park, FL 33023 Rental and Leasing Services Term Loan Prime plus 2.75% 3/23/2028 49.5 49.5 52.0 0.02 %
Kajun Martial Arts LLC (#,^) 36546 Mission St, Prairieville, LA 70769 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/23/2028 18.0 18.0 17.7 0.01 %
Sofasco, Inc (#,^) 182 Garber Lane, Winchester, VA 22602 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 3/23/2043 95.6 95.6 106.8 0.03 %
New York Label & Box Corp (#,^) 50 Oval Drive, Islandia, NY 11749 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/23/2043 1,197.8 1,197.8 1,362.0 0.40 %
GeoTek Alaska, Inc (#,^) 2756 Commercial Drive, Anchorage, AK 99501 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/21/2043 813.0 813.0 925.8 0.27 %
Rexco Foods LLC dba Papa John's (#,^) 18640 Fm 1488 Ste C, Magnolia, TX 77354 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/20/2028 33.9 33.9 33.0 0.01 %
RTSP Union LLC (#,^) 2438 Route 22 East, Union, NJ 7083 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 9/20/2028 1,009.2 1,009.2 1,019.4 0.30 %
Cest Chic Concepts, LLC dba Salon Cest Chic (#,^) 15231 Hall Station Rd Unit 104, Bowie, MD 20721 Personal and Laundry Services Term Loan Prime plus 2.75% 3/19/2028 9.0 9.0 8.9 — %
Camerabots Media, LLC (#,^) 4501 Ford Ave Ste 207, Alexandria, VA 22302 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 3/16/2028 12.0 12.0 11.8 — %
Petroleum Equipment & Services, Inc (#,^) 5631 Silverado Way Unit G, Anchorage, AK 99518 Support Activities for Mining Term Loan Prime plus 2.75% 3/16/2028 199.8 199.8 210.0 0.06 %
Rojenco II,Inc. (#,^) 4357 Shore Drive, Virginia Beach, VA 23455 Repair and Maintenance Term Loan Prime plus 2.75% 9/15/2043 73.8 73.8 84.7 0.02 %
Bear Bones, Inc. (#,^) 43 Libson St, Lewiston, ME 4240 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 3/15/2043 21.5 21.5 24.8 0.01 %
CTD Operations Inc (#,^) 219 Saint Nazaire Rd STE G, Broussard, LA 70518 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2028 53.3 53.3 52.6 0.02 %
209
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Rojenco, Inc. dba Buggy Bathe Auto Wash Lube & Detail Shoppe (#,^) 2217 Richmond Rd, Williamsburg, VA 23188 Repair and Maintenance Term Loan Prime plus 2.75% 3/15/2043 496.4 496.4 568.5 0.17 %
Rojenco, Inc. dba The Buggy Bathe Auto Wash Lube & Detail Shoppe (#,^) 2217 Richmond Rd, Williamsburg, VA 23188 Repair and Maintenance Term Loan Prime plus 2.75% 9/15/2043 73.8 73.8 84.7 0.02 %
Rojenco II, Inc. (#,^) 4357 Shore Drive, Virginia Beach, VA 23455 Repair and Maintenance Term Loan Prime plus 2.75% 3/15/2043 384.9 384.9 440.8 0.13 %
Summit Insights Group LLC (#,^) 19 Briant Parkway, Summit, NJ 7901 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 3/14/2028 36.2 36.2 35.2 0.01 %
Dante Ultimate Cleaning Service LLC (#,^) 16969 River Park Dr, Covington, LA 70345 Administrative and Support Services Term Loan Prime plus 2.75% 3/9/2028 8.1 8.1 8.2 — %
SRG Waterfront LLC (#,^) 88 District Square SW, Washington, DC 20005 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/9/2028 232.0 232.0 227.6 0.07 %
2b Mom Inc dba Mom's the Word Maternity (#,^) 3150 18th St, Ste 435, San Francisco, CA 94110 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 3/9/2028 26.2 26.2 25.5 0.01 %
Treft Systems Inc (#,^) 1050 Kings Hwy North Ste #107, Cherry HIll, NJ 8034 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/8/2028 12.0 12.0 11.7 — %
Unpainted Arizona, LLC dba Westside Bowl (#,^) 2617 Mahoning Ave, Youngstown, OH 44509 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/7/2043 100.3 100.3 113.9 0.03 %
Espinoza & Salinas Group Ltd dba Credit 360 Consulting (#,^) 17806 IH 10Ste 300, SAN ANTONIO, TX 78257 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/2/2028 3.9 3.9 3.9 — %
Stepping Stones Childrens Academy (#,^) 720 Rancho Del Norte Drive, Las Vegas, NV 89031 Social Assistance Term Loan Prime plus 2.75% 3/2/2043 243.4 243.4 279.9 0.08 %
BC Bishop Enterprises LLC dba 9Round Pooler (#,^) 105-107 Grand Central Blvd, Pooler, GA 31322 Educational Services Term Loan Prime plus 2.75% 3/2/2028 6.7 6.7 6.6 — %
Connie Engelbrecht (#,^) 20640 Raven Drive, Eagle River, AK 99577 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 2/28/2028 2.4 2.4 2.3 — %
The Law Offices of Samuel R Miller LLC (#,^) 7405 Lake Worth Rd, Lake Worth, FL 33467 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/28/2043 113.6 113.6 131.9 0.04 %
Merciful Heavenly Homes, LLC (#,^) 401 Dillar's Mill Rd, Tyner, NC 27980 Nursing and Residential Care Facilities Term Loan 8% 2/28/2043 62.9 62.9 58.9 0.02 %
Urban Fitness Group LLC dba Crunch Fitness Group LLC (#,^) 2800 S IH-35, Ste 220, Round Rock, TX 78681 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/28/2028 177.2 177.2 186.2 0.05 %
Carey Collision Repairs Inc. (#,^) 295 D Bucheimer Rd, Fredrick, MD 21701 Repair and Maintenance Term Loan Prime plus 2.75% 2/27/2028 59.3 59.3 58.6 0.02 %
Betty's Catering Corp, Betty's Decoration & Wedding Center Inc. (#,^) 94-33 Corona Ave, Corona, NY 11373 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/26/2043 340.0 340.0 394.7 0.12 %
Carries Cakes and Catering, Inc dba Carrie's Cakes and Confections (#,^) 4308 Holland Rd, Virginia Beach, VA 23452 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/23/2028 3.8 3.8 3.7 — %
Jackpine Technologies Corporation (#,^) 1 Mill & Main Pl., Ste 330, Maynard, MA 1754 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 2/22/2028 29.3 29.3 30.8 0.01 %
210
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Crossfit iQ LLC (#,^) 346 Pike Rd, Bay 8 & 9, West Palm Beach, FL 33411 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/21/2028 33.6 33.6 33.2 0.01 %
Wellfleet Consulting Inc. (#,^) 2275 Research Blvd Ste 500, Rockville, MD 20850 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/21/2028 11.9 11.9 11.5 — %
New View Media Group LLC (#,^) 1 Old Wolfe Rd Ste 205, Budd Lake, NJ 7828 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 2/16/2028 65.3 65.3 68.6 0.02 %
Town & Country Transportation Co. (#,^) 191-193 Arch St, New Britain, CT 6051 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 2/16/2028 52.3 52.3 54.9 0.02 %
Lulinjett LLC dba All American Printing & Design (#,^) 4621 Bayshore Rd, Fort Myers, FL 33917 Printing and Related Support Activities Term Loan Prime plus 2.75% 2/14/2043 101.5 101.5 117.9 0.03 %
Margab Inc dba Smoothie King (#,^) 14200 SW 8th St Unit #102, Miami, FL 33184 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/13/2028 10.1 10.1 10.0 — %
JumboMarkets, Inc. (#,^) 15500 SW Trail Drive, Indiantown, FL 34956 Food and Beverage Stores Term Loan Prime plus 2.75% 2/13/2028 164.2 164.2 163.0 0.05 %
Tony Herring & Associates, Inc. (#,^) 211 West Camellia Drive, Slidell, LA 70458 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 2/9/2028 6.5 6.5 6.9 — %
Start "UP "Dreams, Inc dba SDC Concrete and Start"UP" Dream Construct (#,^) 30521 134th St SE, Sultan, WA 98294 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/9/2028 58.9 58.9 59.2 0.02 %
Quality Machine of Iowa, Inc (#,^) 1040 4th Ave, Audubon, IA 50025 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 2/9/2028 1,107.1 1,107.1 1,127.0 0.33 %
Apps Inc., Market Share, and Singular Leaseholdings LLC (#,^) 800 Village Walk #159, Guilford, CT 6437 Telecommunications Term Loan Prime plus 2.75% 2/8/2028 413.6 413.6 402.4 0.12 %
De La Vega LLC dba De La Vega Deland and De La Vega Oviedo (#,^) 128 North Woodland Blvd, Deland, FL 32720 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/7/2028 64.1 64.1 63.7 0.02 %
Macrotech Integrated Management Solutions dba Extreme Lawn Care (#,^) 2425 Durrance LN, Ormond Beach, FL 32174 Repair and Maintenance Term Loan Prime plus 2.75% 2/5/2028 9.5 9.5 10.0 — %
Midlothian Hardware Inc dba Grills True Value (#,^) 4751 West 147th St, Midlothian, IL 60445 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 2/2/2028 11.9 11.9 12.5 — %
Chace Building Supply of CT Inc., (#,^) 90 Route 171, Woodstock, CT 6281 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 1/31/2043 286.1 286.1 332.1 0.10 %
USA General Investment LLC dba Braniff Paint and Body Shop (#,^) 2290 NW 21st Terrace, Miami, FL 33142 Repair and Maintenance Term Loan Prime plus 2.75% 1/31/2028 11.8 11.8 11.6 — %
Rocco'sLandscaping LLC (#,^) 151 Kitts Lane, Newington, CT 6111 Administrative and Support Services Term Loan Prime plus 2.75% 1/31/2043 71.5 71.5 83.0 0.02 %
WydeBodi, LLC dba Wyde Bodi Auto Tags (#,^) 706 North 37th St, Philadelphia, PA 19104 Support Activities for Transportation Term Loan Prime plus 2.75% 1/30/2043 45.3 45.3 51.8 0.02 %
New Phaze Packaging Inc (#,^) 9533 Irondale Ave, Los Angeles, CA 91311 Paper Manufacturing Term Loan Prime plus 2.75% 1/26/2043 914.6 914.6 1,061.0 0.31 %
Concrete Services LLC and James Ward (#,^) 24 County Rd 901, Jemison, AL 35085 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/25/2028 78.4 78.4 78.9 0.02 %
Parati USA Inc (#,^) 1018 Wilt Ave, Ridgefield, NJ 7657 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 1/25/2028 13.3 13.3 12.9 — %
211
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Flair Interiors, Inc dba Giant Don's Flooring America (#,^) 7725 Old Seward Hwy, Anchorage, AK 99502 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 1/24/2028 107.8 107.8 113.3 0.03 %
Tier1 Solutions LLC (#,^) 1000 Essington Rd, Juliet, IL 60435 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/23/2028 5.9 5.9 5.8 — %
Friend Contractors, LLC (#,^) 1950 Mill Bay Rd, Kodiak, AK 99615 Construction of Buildings Term Loan Prime plus 2.75% 1/19/2043 221.7 221.7 251.7 0.07 %
Weeping Willow Kennels, Inc. (#,^) 6041 Hammond School Rd, Salisbury,, MD 21804 Personal and Laundry Services Term Loan Prime plus 2.75% 1/19/2028 8.2 8.2 8.6 — %
Lavish Specs Inc (#,^) 262 Glen St, Glen Cove, NY 11542 Machinery Manufacturing Term Loan Prime plus 2.75% 1/19/2028 5.9 5.9 5.7 — %
MedWorxs Inc. (#,^) 6857 Timbers Dr., Evergreen, CO 80439 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/18/2028 61.7 61.7 60.1 0.02 %
Lou & Choo Enterprises Inc dba Lou & Choo Lounge (#,^) 2101,2103 & 2105 West Hunting Park Ave, Philadelphia, PA 19140 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/18/2043 109.8 109.8 124.2 0.04 %
Specialized Dairy Processors LLC and Nathaly Zapata (#,^) 2200 N Commerce Parkway, Weston, FL 33326 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/16/2028 51.0 51.0 49.6 0.01 %
Work of Heart Inc dba Little Nest Portraits (#) 1000 Merdian Blvd, Ste 112, Franklin, TN 37067 Professional, Scientific, and Technical Services Term Loan 7.5% 1/10/2028 5.0 5.0 4.4 — %
Human Resource Time Manager LLC (#,^) 2737 Humphrey St, East Elmhurst, NY 11369 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/8/2028 12.1 12.1 12.7 — %
Sandfree Systems LLC (#,^) 116 Cricket Ave Ste B, Ardmore, PA 19003 Specialty Trade Contractors Term Loan Prime plus 2.75% 1/5/2028 5.9 5.9 6.2 — %
Crad Holding LLC dba Neighborhood Laundry of Bloomfield (#,^) 60 Dodd St, Bloomfield, NJ 7003 Personal and Laundry Services Term Loan Prime plus 2.75% 1/5/2028 49.0 49.0 47.9 0.01 %
Social Link LLC (#,^) 41Peabody St, Nashville, TN 37210 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/29/2027 8.7 8.7 8.5 — %
Farec, Inc (#) 30250 W Nine Mile Rd, Farmington, MI 48336 Amusement, Gambling, and Recreation Industries Term Loan 7.5% 12/29/2042 242.4 242.4 223.0 0.07 %
Morrocco Method, Inc (#,^) 800 Farroll Rd, Grover Beach, CA 93433 Chemical Manufacturing Term Loan Prime plus 2.75% 12/27/2042 692.8 692.8 796.1 0.23 %
Salida Family Chiropractic-PPLC dba Salida Sport and Spine (#,^) 203 G St, Salida, CO 81201 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/22/2027 9.3 9.3 9.1 — %
O'Rourke's Diner, LLC (#,^) 728 Main St, Middleton, CT 6457 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/22/2027 3.0 3.0 3.1 — %
Medical Plaza of Boro Park PC (#,^) 1266 51St 1st Floor, Brooklyn, NY 11219 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/22/2027 29.7 29.7 28.8 0.01 %
Anderson Farms Inc (#) 271 West Hwy 30, Burley, ID 83318 Truck Transportation Term Loan 7.5% 12/22/2027 4,214.0 4,214.0 3,770.6 1.11 %
Landmark Ventures USA Inc (#,^) 475 Park Ave South 25th Floor, New York, NY 10016 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 12/22/2027 48.6 48.6 47.2 0.01 %
Lab Partner, LLC and Beechtree Diagnostics, LLP and Cottonwood (#,^) 12351 Gateway Park Place, Draper, UT 84020 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/22/2027 604.8 604.8 591.8 0.17 %
212
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Muckamuck Trucks, Inc. (#,^) 510 S Spring St, Ukiah, CA 95482 Truck Transportation Term Loan Prime plus 2.75% 12/22/2027 10.7 10.7 10.9 — %
CT Auto Spa LLC (#,^) 39 Albany Turnpike, West Simsbury, CT 6092 Repair and Maintenance Term Loan Prime plus 2.75% 12/21/2027 167.2 167.2 175.4 0.05 %
DHD Enterprise LLC dba Edible Arrangements #1699 (#,^) 828 Washington Ave, Miami Beach, FL 33139 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 12/21/2027 17.8 17.8 17.7 0.01 %
Blue Lagoon Resort, LLC dba Hill View Cottages (#,^) 3670 Lake Shore Drive, Lake George, NY 12845 Accommodation Term Loan Prime plus 2.75% 12/21/2042 179.3 179.3 207.8 0.06 %
DBMS Consulting, Inc. (#,^) 164 West 83rd St- Units CF1 and CF2, New York, NY 10024 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/20/2027 58.3 58.3 59.5 0.02 %
Best Quality Home Care LLC (#,^) 317 S Berry St, Centralia, WA 98531 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 12/19/2027 5.2 5.2 5.0 — %
Auto Excellance of Fort Myers Inc. (#,^) 3105 Fowler St, Fort Myers, FL 33901 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 12/19/2042 101.1 101.1 117.2 0.03 %
Ocean Trans LLC & Dehal Trucking LLC (#,^) 1415 W. Anderson St, Stockton, CA 95206 Truck Transportation Term Loan Prime plus 2.75% 12/15/2042 595.7 595.7 661.8 0.20 %
JMD Aviation Holdings, LLC (#,^) 8050 North West 90th St, Medley, FL 33166 Rental and Leasing Services Term Loan Prime plus 2.75% 12/15/2027 399.8 399.8 419.3 0.12 %
Capital Containers LLC (#,^) 7610 Auburn Blvd #4B, Citrus Heights, CA 95610 Truck Transportation Term Loan Prime plus 2.75% 12/15/2027 11.8 11.8 11.7 — %
Peanut Butter & Co., Inc (#,^) 119 West 57th St, Ste 300, New York, NY 10019 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/15/2027 174.8 174.8 169.8 0.05 %
1-0 Granny's Helpful Hands, LLC (#,^) 705 East Lake St, Minneapolis, MN 55407 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 12/15/2027 17.5 17.5 17.1 0.01 %
Legion Bowl, Inc & Legion Pub Inc (#,^) 661 Park St, Cranston, RI 2910 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/15/2042 318.4 318.4 369.1 0.11 %
LP Industries Inc. dba Childforms (#,^) 2040 Norwood St. SW, Lenoir, NC 28645 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 12/14/2027 60.3 60.3 62.0 0.02 %
Hana Pastries Enterprises LLC dba Hana Kitchens, Hana Pastries, Inc. (#,^) 34 35th St, Brooklyn, NY 11232 Food Manufacturing Term Loan Prime plus 2.75% 12/14/2027 77.2 77.2 80.2 0.02 %
Beale Street Blues Company Inc.dba B.B. King's Club-Memphis (#,^) 149 Monroe Ave, Memphis, TN 38103 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/14/2027 782.9 782.9 763.8 0.23 %
Barcade Holdings, LLC ,Barcade LLC,& Barcade New Haven LLC (#,^) 148 West 24th St, New York, NY 10011 Management of Companies and Enterprises Term Loan Prime plus 2.75% 12/14/2027 46.3 46.3 45.4 0.01 %
Royalty Freight Inc (#,^) 3728 W Mckinley Ave, Fresno, CA 93722 Truck Transportation Term Loan Prime plus 2.75% 12/14/2027 518.2 518.2 503.2 0.15 %
Atlas Geo-Constructors, LLC (#,^) 3466 Thomasville Rd, Winston Salem, NC 27107 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/14/2027 238.6 238.6 244.7 0.07 %
KR Calvert & Co, LLC (#,^) 113 Seaboard Lane #C-270, Franklin, TN 37067 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 12/14/2027 406.8 406.8 395.9 0.12 %
AADJ Empire Inc and AADJ Galaxy Inc. (#,^) 1599 Post Rd, Warwick, RI 2888 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/14/2042 172.5 172.5 193.5 0.06 %
Heung Kyun Im (#,^) 6235 Conlan Bay Drive, Houston, TX 77041 Nonstore Retailers Term Loan Prime plus 2.75% 12/14/2027 12.0 12.0 11.7 — %
213
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hardway Inc & AFC Leasing Inc (#,^) 12533 S. 73rd E. Place, Bixby, OK 74008 Rental and Leasing Services Term Loan Prime plus 2.75% 12/13/2027 720.9 720.9 700.0 0.21 %
Nichols Fire and Security LLC (#,^) 1906 Vanderhorn Drive, Memphis, TN 38134 Administrative and Support Services Term Loan Prime plus 2.75% 12/13/2042 83.3 83.3 94.3 0.03 %
LPB LPB Property Management Inc dba Wilderness View Cabins & Ellijay (#,^) 498 Wilderness View, Chatsworth, GA 30705 Real Estate Term Loan Prime plus 2.75% 12/12/2042 95.1 95.1 110.3 0.03 %
Jai Ganeshai LLC, Mahiveera 1 LLC, Mahiveera 2 LLC & KSVP LLC (#,^) 1120 Wren School Rd, Piedmont, SC 29673 Gasoline Stations Term Loan Prime plus 2.75% 12/12/2027 38.7 38.7 37.6 0.01 %
Sky Way Enterprises, Inc, A-Liner-8-Aviation, Inc, Kissimmee Aviation (#,^) 3031 Patrick St, Kissimmee, FL 34741 Air Transportation Term Loan 8.25% 12/12/2027 430.9 430.9 383.4 0.11 %
Clore Construction LLC (#,^) 21220 FM 1420, Harlingen, TX 78550 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 12/12/2027 358.5 358.5 366.1 0.11 %
A-1 Van Services Inc (#,^) 154 Sandy Creek Rd, Verona, PA 15147 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 12/12/2027 575.1 575.1 589.3 0.17 %
Big Picture Group LLC (#,^) 935 N La Jolla, Los Angeles, CA 90046 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/12/2027 299.7 299.7 298.0 0.09 %
Clear Sound Communications, Inc (#,^) 680 Old Medford Ave, Medford, NY 11763 Administrative and Support Services Term Loan Prime plus 2.75% 12/8/2027 2.9 2.9 2.8 — %
AV Strategy Inc (#,^) 9468 American Eagle Way Ste 100, Orlando, FL 32837 Rental and Leasing Services Term Loan Prime plus 2.75% 12/8/2027 353.8 353.8 356.7 0.11 %
JVLS LLC dba Vaccines 2 Go (#,^) 4060 Johns Creek Parkway, Ste H, Suwanee, GA 30024 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/7/2027 12.0 12.0 11.6 — %
Kim Howard Corp dba NPN Machine Tools (#,^) 9130 Wayfarer Lane, Houston, TX 77075 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/7/2042 562.5 562.5 651.5 0.19 %
IHC Hardware Inc. (#,^) 614 BRd St, Story City, IA 50248 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/6/2042 95.7 95.7 106.6 0.03 %
ODS Inc (#,^) 626 N Delsea Drive, Glassboro, NJ 8028 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/6/2027 38.1 38.1 38.3 0.01 %
Healthcare Interventions, Inc dba Brightstar Healthcare (#,^) 5300 W. Atlantic Ave. Ste 501, Delray Beach, FL 33484 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/4/2027 11.7 11.7 11.3 — %
Oil Palace, Inc. (#,^) 10408 Hwy 64 East, Tyler, TX 75707 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 12/4/2042 945.4 945.4 1,095.9 0.32 %
Linda Jean Howard Riley dba The Rusty Bolt (#,^) 22345 W. Rt 66, Seligman, AZ 86337 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 12/1/2042 20.0 20.0 23.2 0.01 %
Salud Bar & Grill LLC (#,^) 1413 Bushwick Ave, Brooklyn, NY 11207 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/1/2027 43.7 43.7 42.6 0.01 %
Utara LLC (#,^) 214 Pine St, Sandpoint, ID 83864 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/1/2027 18.1 18.1 18.1 0.01 %
Square1 Partners, LLC (#,^) 1088 Greenbriar Lane, Northbrook, IL 60062 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 12/1/2027 48.4 48.4 47.0 0.01 %
214
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
WTI Distribution Inc (#,^) 5491 E Francis St, Ontario, CA 91761 Support Activities for Transportation Term Loan Prime plus 2.75% 11/30/2027 30.8 30.8 31.3 0.01 %
Fortress Verve Inc, Maurice R. Margules and Antonie C. Reinhard (#,^) 1 Jackson St, Troy, NY 12180 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 11/30/2027 80.8 80.8 84.8 0.02 %
Skin Beauty Bar Inc. and Tameka J. Mathis (#,^) 749 8th St SE 2nd Floor, Washington, DC 20003 Personal and Laundry Services Term Loan Prime plus 2.75% 11/30/2027 6.9 6.9 6.8 — %
J. Venture Holdings, LLC (#,^) 2285 St. Andrews Ave, Zachary, LA 70791 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/30/2027 9.6 9.6 10.1 — %
Our Playhouse Preschool, LLC (#,^) 3501 NC Hwy 54 W, Chapel hill, NC 27516 Social Assistance Term Loan Prime plus 2.75% 11/29/2042 223.1 223.1 258.6 0.08 %
OPH Lexington, Inc (#,^) 235 Walton Ave, Lexington, KY 40502 Social Assistance Term Loan Prime plus 2.75% 11/29/2042 181.5 181.5 210.4 0.06 %
Beacon Brewing LLC and C' Sons, LLC (#,^) 700 Lincoln St, Lagrange, GA 30204 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/27/2042 120.6 120.6 139.8 0.04 %
JMD Corporation dba Dart's True Value (#,^) 121 South Main St, Payette, ID 83661 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 11/22/2027 14.4 14.4 14.6 — %
Webtez Inc dba Mod Vans (#,^) 1673 Donlon St, Ste 202, Ventura, CA 93003 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/22/2027 53.9 53.9 52.5 0.02 %
Step Up Academy of the Arts, LLC (#,^) 2258A Wigwam Parkway, Henderson, NV 89074 Educational Services Term Loan Prime plus 2.75% 11/22/2027 12.1 12.1 11.8 — %
Grumpy's Restaurant Company, LLC (#,^) 834 Kingsley Ave, Orange Park, FL 32073 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/21/2027 54.7 54.7 53.2 0.02 %
PB Market LLC dba Pure Barre (#,^) 164-C Market St, Charleston, SC 29401 Educational Services Term Loan Prime plus 2.75% 11/21/2027 83.5 83.5 81.2 0.02 %
Cali Fit Meals (#,^) 3450 East Orangethrope Ave, Anaheim, CA 92806 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/21/2027 17.3 17.3 17.6 0.01 %
B Lam LLC (#,^) 9419 Kenwood Rd, Cincinnati, OH 45242 Personal and Laundry Services Term Loan Prime plus 2.75% 11/20/2042 172.3 172.3 197.8 0.06 %
Maya Motel, LLC dba Town House Motel (#,^) 1701 Washington Ave, Waco, TX 76701 Accommodation Term Loan Prime plus 2.75% 11/17/2042 54.3 54.3 62.9 0.02 %
Southern Specialty Contractor, LLC & Ronald David Holbrook Jr. (#,^) 1990 Flippen Rd, Stockbridge, GA 30281 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/17/2027 40.8 40.8 39.9 0.01 %
SSI Refrigerated Express Inc. and Robert M Stallone (#,^) 1001 E. Cooley Drive Ste 102, Colton, CA 92324 Truck Transportation Term Loan Prime plus 2.75% 11/17/2027 48.4 48.4 47.7 0.01 %
H & H Hotshot Services, Inc. (#,^) 5455 N. 51st Ave Ste 30, Glendale, AZ 85301 Couriers and Messengers Term Loan Prime plus 2.75% 11/16/2027 53.9 53.9 53.7 0.02 %
J R Wholesale Tires & Auto Center, LLC (#,^) 822 Cameron Lane, Lugoff, SC 29078 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/15/2042 12.8 12.8 14.9 — %
Auto Rx LLC,J&P Auto Repair Inc (#,^) 91 & 95 Woodbury Rd, Hicksville, NY 11801 Repair and Maintenance Term Loan Prime plus 2.75% 11/15/2042 186.5 186.5 216.0 0.06 %
Marcaco LLC (#,^) 124 Lincoln Ave, Colonie, NY 12205 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 11/15/2042 498.6 498.6 578.0 0.17 %
Paramount Dance Studios Inc. and Homestead Dance Supply (#,^) 112 N Krome Ave, Homestead, FL 33030 Educational Services Term Loan Prime plus 2.75% 10/14/2043 448.5 448.5 512.8 0.15 %
215
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Wing King at the Gardens LLC (#,^) 4235 South Fort Apache Rd, Ste 250, Las Vegas, NV 89147 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/10/2027 7.5 7.5 7.3 — %
Hofgard & Co, Inc dba Hofgard Benefits and James Marsh (#,^) 400 S. McCaslin Blvd, Ste 201, Louisville, CO 80027 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 11/8/2027 11.5 11.5 11.2 — %
His Loving Hands Christian Academy, Inc. (#,^) 15020 Harrison St, Miami, FL 33176 Social Assistance Term Loan Prime plus 2.75% 11/6/2042 87.2 87.2 100.1 0.03 %
S & S Auto Body Shop Inc. (#,^) 5001 W. Clay St, Richmond, VA 23230 Repair and Maintenance Term Loan Prime plus 2.75% 11/3/2042 146.6 146.6 170.0 0.05 %
Sterling Campbell Insurance Agency, Inc (#,^) 36359 North Gantzel Rd Ste 102, San Tan Valley, AZ 85140 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 11/3/2027 5.8 5.8 5.6 — %
Top Quality Dent Service LLC (#,^) 1541 Vapor Trail, Colorado Springs, CO 80905 Repair and Maintenance Term Loan Prime plus 2.75% 11/2/2027 4.6 4.6 4.5 — %
Edge Studios Inc Radiant Yoga LLC (#,^) 448 Howe Ave, Sacramento, CA 95825 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 11/1/2027 52.4 52.4 51.5 0.02 %
Rachael Reel dba Rachel Reel Insurance Age (#,^) 208 Bank St, Lenoir, TN 37771 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 10/31/2027 5.7 5.7 5.6 — %
Berza TLG,LLC dba The Little Gym of Lake Charles (#,^) 1301 E McNeese St, Ste 201, Lake Charles, LA 70607 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 10/31/2027 32.4 32.4 31.8 0.01 %
Die Hard Used Car Sales (#,^) 1668 West Grand Ave, Phoenix, AZ 85007 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 10/30/2042 53.6 53.6 62.1 0.02 %
The Five Lakes LLC (#,^) 13705 Holmes Rd, Kansas City, MO 64154 Educational Services Term Loan Prime plus 2.75% 10/30/2042 450.7 450.7 522.5 0.15 %
Blue Eagle Transport Inc , Golden Eagle Transport, Inc & Green Eagle (#,^) 377 Boston Post Rd Unit B, Milford, CT 6460 Couriers and Messengers Term Loan Prime plus 2.75% 10/27/2027 29.2 29.2 28.8 0.01 %
Sage Oil LLC (#,^) 8913 Egyptian Ave, Las Vegas, NV 89143 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 10/27/2027 7.6 7.6 7.5 — %
Ashore Ventures Inc dba PuroClean Professional Restoration (#,^) 909 SE Everett Mall Way Ste A-140, Everett, WA 98208 Repair and Maintenance Term Loan Prime plus 2.75% 10/27/2027 11.1 11.1 11.0 — %
Suzie LLC dba Tony D's Restaurant (#,^) 92 Huntington St, New London, CT 6320 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/25/2042 83.0 83.0 95.8 0.03 %
Grand Blanc Lanes, Inc. (#,^) 5301 S. Saginaw Rd, Flint, MI 48507 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 10/25/2027 11.4 11.4 12.0 — %
Schafer Fisheries Inc (#,^) 21985 Waller Rd, Fulton, IL 61252 Food Manufacturing Term Loan Prime plus 2.75% 10/25/2027 27.4 27.4 28.7 0.01 %
Island Refrigeration & AC Inc (#,^) 3201 Flagler Ave, Unit 510 & 511, Key West, FL 33040 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/18/2042 125.7 125.7 143.3 0.04 %
Looky Enterprises, LLC (#,^) 1175 Surlington Ave, Ste 101, Leland, NC 28451 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/18/2027 50.7 50.7 50.0 0.01 %
Blueridge Armor LLC (#,^) 1495 Hwy 74-A Bypass, Ste 150192, Spindale, NC 28160 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 10/17/2027 6.3 6.3 6.4 — %
H and K Dry Cleaning LLC ,Quintero Shopping Center LLC,Aqua Laundry (#,^) 1227 Burnside Ave, East Hartford, CT 6108 Electronics and Appliance Stores Term Loan 7.5% 10/17/2042 61.3 61.3 57.4 0.02 %
216
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Cortez Landscaping, LLC (#,^) 4 Powder Rd, Norwalk, CT 6854 Administrative and Support Services Term Loan Prime plus 2.75% 10/13/2027 14.6 14.6 14.7 — %
On Call Services LLC (#,^) 15060 281St Ave NW, Zimmerman, MN 55398 Construction of Buildings Term Loan Prime plus 2.75% 10/13/2027 13.7 13.7 14.4 — %
Pro Anderson, LLC (#,^) 1092 Hampton Inn Way, Ste 400, Jacksonville, NC 28546 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 10/11/2027 41.2 41.2 40.4 0.01 %
Sandbox Ventures LLC (#,^) 1857 A Elmdale Ave, Glenview, IL 60026 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 10/11/2027 15.4 15.4 15.8 — %
Eye Optique Inc. (#,^) 10800 Alpharetta Hwy, Ste 220, Roswell, GA 30076 Health and Personal Care Stores Term Loan Prime plus 2.75% 10/5/2027 11.4 11.4 11.1 — %
Ains Holding Company LLC (#,^) 121 Fulton St, New York, NY 10038 Management of Companies and Enterprises Term Loan Prime plus 2.75% 10/2/2027 69.2 69.2 68.2 0.02 %
Becky Lou Corp dba Rent A Center (#,^) 3578 Route 611, Ste 210, Bartonsville, PA 18321 Rental and Leasing Services Term Loan Prime plus 2.75% 10/2/2027 69.3 69.3 69.8 0.02 %
Dan Cline Transport Inc. (#,^) 501 State Drive, Mount Vernon, MO 65712 Truck Transportation Term Loan Prime plus 2.75% 9/29/2030 823.9 823.9 829.2 0.24 %
Harco Metal Products Inc (#,^) 7895 East Acoma Drive Ste 102, Scottsdale, AZ 85260 Primary Metal Manufacturing Term Loan Prime plus 2.75% 9/29/2042 466.7 466.7 518.0 0.15 %
Chicago American Manufacturing LLC, Dockside Steel ProcessingLLC (#,^) 4500 W 47th St, Chicago, IL 60632 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/29/2042 1,174.4 1,174.4 1,339.6 0.39 %
Sashshel Corporation (#,^) 676 Franklin Blvd, Somerset, NJ 8873 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/29/2042 201.4 201.4 233.5 0.07 %
Miechella Suzette Decker (#,^) 3515 Main St, Exmore, VA 23350 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/29/2042 93.9 93.9 108.8 0.03 %
Threads of Time LLC (#,^) 207 S Buchanan St, Danville, IL 61832 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 9/29/2042 130.3 130.3 147.3 0.04 %
Rhode Island Tennis Management LLC (#,^) 636 Centerville Rd, Warwick, RI 2886 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/28/2042 524.0 524.0 591.7 0.17 %
National Media Services, Inc (#,^) 5091 Lexington Blvd, Fort Meyers, FL 33919 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/28/2027 14.2 14.2 13.7 — %
Pets A Go Go LLC (#,^) 589 North State Rd, Briarcliff Manor, NY 10510 Personal and Laundry Services Term Loan Prime plus 2.75% 9/28/2042 188.1 188.1 215.5 0.06 %
Rhode Island Tennis Management LLC (#,^) 636 Centerville Rd, Warwick, RI 2886 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/28/2042 364.9 364.9 412.0 0.12 %
Nicholson Lumber Co Inc. (#,^) 377 Main St, Nicholson, PA 18446 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 9/28/2030 178.9 178.9 189.8 0.06 %
Complete Care IT LLC (#,^) 4801 South University Drive, Ste 125, Davie, FL 33328 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/27/2027 11.1 11.1 10.8 — %
Technologist Inc (#,^) 3120 Farview Drive, Ste 610, Falls Church, VA 22042 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 9/27/2027 187.1 187.1 195.8 0.06 %
Inspirations Food Design, Inc (#,^) 1338 Memorial Ave, West Springfield, MA 1089 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/26/2042 443.3 443.3 503.8 0.15 %
217
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
JPS Arthur Kill Rd Bakery Corp dba Aunt Butches of Brooklyn (#,^) 4864 Arthur Kill Rd Units 102,103,104 & 105, Staten Island, NY 10309 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/22/2027 16.9 16.9 16.5 — %
KB Waterjet Cutting LLC (#,^) 4330 Parker Lane, Addis, LA 70710 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/22/2027 7.7 7.7 7.7 — %
Sallee Pro-Custom Fabrication Shop LLC (#,^) 8865 North County Rd 600 W, Scipio, IN 47273 Repair and Maintenance Term Loan Prime plus 2.75% 9/21/2027 6.8 6.8 7.1 — %
Insight Diagnostic Technologist Services (#,^) 2030 Forest Ave, Ste 110, San Jose, CA 95128 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/20/2027 245.5 245.5 243.3 0.07 %
Commonwealth Diagnostics International, Inc (#,^) 39 Norman St a/k/a 1 Holyoke Square, Salem, MA 1970 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/20/2027 982.5 982.5 1,028.4 0.30 %
NY Tent LLC & NY Tent Parent, LLC dba Tent Company of New York (#,^) 1401 Lakeland Ave, Bohemia, NY 11716 Rental and Leasing Services Term Loan Prime plus 2.75% 9/20/2027 776.8 776.8 799.3 0.24 %
Imagine By Carleen, Inc. (#,^) 1404 Del Prado Blvd. South, Units 100 & 105, Cape Coral, FL 33904 Personal and Laundry Services Term Loan Prime plus 2.75% 9/20/2027 5.7 5.7 5.9 — %
CR Park Incorporated dba Define Body and Mind (#,^) 49 W. Allandale Ave, Allendale, NJ 7401 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/20/2027 50.3 50.3 50.3 0.01 %
Denek Contracting Inc and Denek Leasing LLC (#,^) 451 E. Wilson Ave, Pontiac, MI 48341 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/20/2042 198.7 198.7 230.0 0.07 %
Montessori Community School (#,^) 123 South Navarra Drive, Scotts Valley, CA 95066 Social Assistance Term Loan Prime plus 2.75% 9/20/2042 259.1 259.1 293.9 0.09 %
Sound Manufacturing, Inc. & Monster Power Equipment, Inc. (#,^) 51 Donnelley Rd, Old Saybrook, CT 6475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/20/2027 150.4 150.4 154.1 0.05 %
CIS BIG DOG, LLC (#,^) 8920 US HWY, 62 WEST, Cynthiana, KY 41031 Administrative and Support Services Term Loan Prime plus 2.75% 9/19/2027 49.5 49.5 51.8 0.02 %
Stone's Construction and Remodeling, LLC (#,^) 5210 Kaylin Drive, Akron, OH 44319 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/19/2027 4.0 4.0 3.8 — %
Party By Design Inc. (#,^) 61 Strafello Drive, Avon, MA 2322 Personal and Laundry Services Term Loan Prime plus 2.75% 9/18/2042 1,142.2 1,142.2 1,284.8 0.38 %
Li Family Spokane LLC (#,^) 21 E. Lincoln Rd, Spokane, WA 99208 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/15/2042 364.3 364.3 418.0 0.12 %
Clinton Food Market LLC (#,^) 196 East Main St, Clinton, CT 6413 Gasoline Stations Term Loan Prime plus 2.75% 9/15/2042 242.3 242.3 274.4 0.08 %
Tarleton & Family Landscaping, LLC (#,^) 125 E Center St, Midland Park, NJ 7432 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/15/2027 62.9 62.9 62.2 0.02 %
Alaska Motor Home Inc (#,^) 6633 Brayton Dr, Anchorage, AK 99507 Rental and Leasing Services Term Loan Prime plus 2.75% 9/13/2027 251.6 251.6 243.9 0.07 %
Fox Valley Rentals & Investments, LLC (#,^) 2906 E. Newberry St, Appleton, WI 54915 Food Services and Drinking Places Term Loan Prime plus 3.75% 9/13/2027 5.7 5.7 6.1 — %
Nails By Mercede LLC (#,^) 2994 and 2996 Edgewater Drive, Orlando, FL 32804 Personal and Laundry Services Term Loan Prime plus 2.75% 9/13/2027 10.8 10.8 10.9 — %
Town & Country Transportation Co. and Popco, LLC. (#,^) 191 Arch St, New Britain, CT 6051 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 9/12/2042 159.8 159.8 185.0 0.05 %
218
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Rajbai Maa Inc. dba Nara Lounge (#,^) 244-252 Atwells Ave, Providence, RI 2903 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/12/2042 369.1 369.1 411.5 0.12 %
Morgan Lynn Kerstetter dba Catherine School of Dance (#,^) 315 Mill St 3rd Floor, Danville, PA 17821 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 9/11/2027 5.7 5.7 5.9 — %
Health & Performance Center, LLC (#,^) 1862 Craigshire Rd, Saint Louis, MO 63146 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/11/2027 15.4 15.4 14.9 — %
Foxtail, LLC and Tottly New Services Corp (#,^) 1481 Highland Ave, Cheshire, CT 6410 Social Assistance Term Loan Prime plus 2.75% 9/8/2042 275.9 275.9 312.7 0.09 %
Echelon Planning Group, LLC dba Echelon Financial Services and Echelon (#,^) 5 Greenleaf Drive, Unit 201, Portsmouth, NH 3801 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 9/8/2027 5.7 5.7 5.9 — %
Crazy Beatz Productions LLC (#,^) 20014 NE 138th St, Kearney, MO 64060 Motion Picture and Sound Recording Industries Term Loan Prime plus 3.75% 9/7/2027 4.1 4.1 4.1 — %
South Fulton Landscape & Nursery, Inc. (#,^) 3415 Enon Rd, College Park, GA 30349 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 9/7/2042 94.8 94.8 109.7 0.03 %
Dreaming Big Learning Center Inc (#,^) 3301 W Oak St, Kissimmee, FL 34741 Social Assistance Term Loan Prime plus 2.75% 9/5/2042 359.9 359.9 407.2 0.12 %
Big Coop's Trucking LLC (#,^) 3066 Misty Creek Drive., Swartz, MI 48473 Truck Transportation Term Loan Prime plus 2.75% 9/1/2027 75.5 75.5 77.0 0.02 %
Blue EagleTransport Inc, Greeneagle Transport Inc & Golden Eagle Tran (#,^) 377 Boston Post Rd, Milford, CT 6460 Couriers and Messengers Term Loan Prime plus 2.75% 8/31/2027 293.3 293.3 289.1 0.09 %
Parlay Disributors LLC (#,^) 20 Medford Ave, Ste 104, Patchogue, NY 11772 Educational Services Term Loan Prime plus 2.75% 8/25/2027 83.2 83.2 81.4 0.02 %
Lake County Tow LLC (#,^) 15409 Country Rd 565A, Clermont, FL 34711 Support Activities for Transportation Term Loan Prime plus 2.75% 8/25/2042 82.8 82.8 93.5 0.03 %
InUSA Ventures Inc dba InUSA Services (#,^) 3015 San Pablo Ave, Ste 511, Berkeley, CA 94702 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 8/24/2027 18.7 18.7 18.1 0.01 %
Genuine Ventures LLC and Seaweed Ventures LLC (#,^) 432 S Franklin St, Juneau, AK 99801 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/24/2030 469.9 469.9 484.4 0.14 %
Delicias de Minas Restaurant, LLC (#,^) 168-170 McWhorter St, Newark, NJ 7105 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/22/2027 151.9 151.9 158.9 0.05 %
Damiano Global Corp (#,^) 333 Birch Hills Drive, Rochester, NY 14622 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/21/2027 16.8 16.8 17.2 0.01 %
L&V Auto Sales, Inc. (#,^) 1504 West Franklin Blvd., Gastonia, NC 28052 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 8/21/2027 13.5 13.5 14.1 — %
Tier1 Solutions LLC (#,^) 1000 Essington Rd Ste. 109 & 111, Joliet, IL 60435 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/18/2027 14.0 14.0 13.9 — %
Tony Herring & Associates, Inc (#,^) 211 West Camellia Drive, Slidell, LA 70458 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 8/17/2027 5.6 5.6 5.4 — %
Chester's World Enterprise LLC (#,^) 140 W Alameda Drive, Ste 104, Tempe, AZ 85282 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/16/2027 16.9 16.9 16.8 — %
D'Amato & Sons Construction, Inc. (#,^) 117 Oak St, Amityville, NY 11701 Specialty Trade Contractors Term Loan Prime plus 2.75% 8/11/2027 6.2 6.2 6.2 — %
219
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
L & J Corporate Services Inc (#,^) 866 NW 110th Ave, Coral Springs, FL 33071 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/4/2027 4.7 4.7 4.6 — %
HMG Strategy LLC, (#,^) 191 Post Rd W., Westport, CT 6880 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/2/2027 35.5 35.5 34.4 0.01 %
Royal Blue Investments, Inc. and Cleland Pharmacy LLC (#,^) 202 S. 1st St, Wakeeny, KS 67672 Health and Personal Care Stores Term Loan Prime plus 2.75% 7/31/2042 50.0 50.0 57.6 0.02 %
Sharon G McMillen, MA Psychologist, Inc. (#,^) 216 West Main St, Kingwood, WV 26537 Ambulatory Health Care Services Term Loan Prime plus 2.75% 7/28/2027 13.8 13.8 13.4 — %
Work of Heart Inc dba Little Nest Portraits (#,^) 1000 Merdian Blvd, Ste 112, Franklin, TN 37067 Professional, Scientific, and Technical Services Term Loan 7.5% 7/28/2027 43.5 43.5 38.8 0.01 %
HQTRONIC LLC (#,^) 10135 S. Roberts Rd, Ste. 209, Palos Hills, IL 60465 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 7/27/2027 16.7 16.7 16.2 — %
Oberon IT, Inc. (#,^) 1404 W. Walnut Hill Lane, Irving, TX 75038 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/26/2027 162.1 162.1 162.8 0.05 %
Gilles Peress Studio LLC (#,^) 76 Lafayette Ave, Brooklyn, NY 11217 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/25/2027 46.0 46.0 44.5 0.01 %
Obok LLC (#,^) 2720 S. Havana St., Unit H, Aurora, CO 80014 Food Manufacturing Term Loan Prime plus 2.75% 7/21/2027 8.9 8.9 9.0 — %
Lil Tots' Learning Center LLC (#,^) 3042 S 78th St, Tampa, FL 33619 Social Assistance Term Loan Prime plus 2.75% 7/21/2042 28.3 28.3 32.8 0.01 %
Ocean Trans LLC (#,^) 1415 W Andersonr Way, Stockton, CA 95206 Truck Transportation Term Loan Prime plus 2.75% 7/21/2027 29.1 29.1 28.2 0.01 %
Matrix Z LLC (#,^) 800 SW 21st Terrace, Fort Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 3.75% 7/19/2027 5.8 5.8 6.2 — %
Aitheras Aviation Group, LLC , Aitheras Aviation Group, LLC (#,^) 2301 N Marginal Rd, Cleveland, OH 44114 Air Transportation Term Loan Prime plus 2.75% 7/18/2027 611.0 611.0 594.5 0.18 %
Wildflour Bakery & Cafe, LLC (#,^) 5137 Clareton Drive, Ste 100,110 & 120, Agoura Hills, CA 91301 Food Manufacturing Term Loan Prime plus 2.75% 7/17/2027 16.7 16.7 17.4 0.01 %
Koep Companies dba Pipestone True value (#,^) 207 East Main St, Pipestone, MN 56164 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 7/14/2042 308.3 308.3 345.2 0.10 %
McCord Holdings, Inc. dba Fast Signs 176101 (#,^) 7640 N. Wickham Rd, Melbourne, FL 32940 Administrative and Support Services Term Loan Prime plus 2.75% 7/7/2027 13.9 13.9 13.7 — %
Thrifty Market Inc dba Thrifty Foods (#,^) 702 10th St, Wheatland, WY 82201 Food and Beverage Stores Term Loan Prime plus 2.75% 7/6/2027 79.6 79.6 79.2 0.02 %
Hamilton & Associates Real Estate and Investments Firm LLC (#,^) 11776 West Sample Rd, Coral Springs, FL 33065 Real Estate Term Loan Prime plus 2.75% 6/30/2042 51.0 51.0 59.4 0.02 %
The Country House Restaurant, LLC and Pelton Real Estate, LLC (#,^) 677 US Route 7, Pittsford, VT 5763 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/30/2042 48.1 48.1 56.3 0.02 %
J&M Civil Construction Services LLC (#,^) 1221 County Rd 4371, Decatur, TX 76234 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/30/2027 72.5 72.5 73.4 0.02 %
J. T. O'Neill Company, L.L.C (#,^) 19972 Willowin Farm Lane, Purcellville, VA 20132 Real Estate Term Loan Prime plus 2.75% 6/30/2027 11.0 11.0 11.2 — %
New Chicago Wholesale Bakery Inc. (#,^) 795 Touhy Ave, Elk Grove Village, IL 60007 Food Manufacturing Term Loan Prime plus 2.75% 6/30/2027 11.3 11.3 11.8 — %
220
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Oakhill Farms, LLC (#,^) 15 Carl St, Johnston, RI 2919 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/29/2030 81.8 81.8 88.2 0.03 %
Best Bees Company (#,^) 839 Albany St, Boston, MA 2119 Animal Production and Aquaculture Term Loan Prime plus 2.75% 6/29/2027 16.5 16.5 16.7 — %
Stiegelbauer Associates Inc. (#,^) 63 Flushing Ave, Unit 101, Building 280, Brooklyn, NY 11205 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/29/2027 226.2 226.2 238.0 0.07 %
Intellixion LLC (#,^) 7447 Egan Dr, Ste 110 A, Savage, MN 55378 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/29/2027 2.7 2.7 2.8 — %
Malhame & Company Publishers & Importers Inc. (#,^) 180 Orville Rd, Bohemia, NY 11780 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/29/2027 68.4 68.4 69.4 0.02 %
Greensboro Plastic Surgical Associates, PA (#,^) 2716 Henry St, Greensboro, NC 27405 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/29/2042 545.4 545.4 632.9 0.19 %
Ocean Trans LLC and Dehal Trucking LLC (#,^) 760 W. Charter Way, Stockton, CA 95206 Truck Transportation Term Loan Prime plus 2.75% 6/29/2027 452.3 452.3 458.3 0.14 %
Foxhop Fitness, LLC (#,^) 4211 NW Federal Hwy, Jensen Beach, FL 34957 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/28/2027 66.8 66.8 67.9 0.02 %
Old Dominion Transportation Group, Inc. (#,^) 1308 Devils Reach Rd, Woodbridge, VA 22192 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 6/28/2027 765.1 765.1 780.7 0.23 %
Akal Express Inc. dba Truck Trailer Service Stop (#,^) 2901 I 40 West, Vega, TX 79092 Repair and Maintenance Term Loan Prime plus 2.75% 6/28/2042 26.4 26.4 31.1 0.01 %
Citibin, Inc. (#,^) 254 36th St, Ste B519, Brooklyn, NY 11232 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 6/27/2027 91.7 91.7 92.9 0.03 %
Auxiliary Systems Inc.,Sharrick Company, LLC & KMN, LLC (#,^) 211 East 25th St, Norfolk, VA 23504 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 6/27/2030 201.0 201.0 216.5 0.06 %
Four Seasons Laser Center Inc. (#,^) 4720 NW 2nd Ave Unit D-104 and Unit D-105, Boca Raton, FL 33498 Personal and Laundry Services Term Loan Prime plus 2.75% 6/26/2042 211.4 211.4 245.1 0.07 %
Ains Holding Company, LLC (#,^) 122 West 26th St, New York, NY 10011 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/26/2027 841.7 841.7 858.7 0.25 %
Northern Industries, LLC (#,^) W 5585 Dehart Drive, Tomahawk, WI 54484 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 6/23/2042 54.4 54.4 63.8 0.02 %
Vella Construction Enterprises, Inc. dba Vella Construction (#,^) 318 28th Ave, San Mateo, CA 94403 Construction of Buildings Term Loan Prime plus 2.75% 6/23/2027 16.5 16.5 16.7 — %
Birches Group, LLC (#,^) 228 East 45th St. 12th FL South, New York, NY 10017 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/22/2027 36.7 36.7 37.2 0.01 %
Scarlet Spartan Inc.dba FastSigns of Brighton (#,^) 533 W. Grand River Ave, Brighton, MI 48116 Administrative and Support Services Term Loan Prime plus 2.75% 6/19/2027 16.0 16.0 16.5 — %
Don G. Timpton DDS & Associates PA and Indsaad Properties,LLC (#,^) 11535 Carmel Commons Blvd. Ste 200, Charlotte, NC 28226 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/16/2042 377.5 377.5 434.3 0.13 %
All Regional Recyclers of Wood LLC dba ARROW,Superior Carting,LLC (#,^) 104 Wooster St, Bethel, CT 6801 Waste Management and Remediation Services Term Loan Prime plus 2.75% 6/15/2042 292.7 292.7 338.8 0.10 %
JAM Media Solutions, LLC (#,^) 4744 Tackawanna St, Philadelphia, PA 19124 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/15/2027 24.5 24.5 24.8 0.01 %
221
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
ESA 365 Corp and Lucathor Realty LLC (#,^) 2420 Grand Ave, Baldwin, NY 11520 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/14/2042 21.2 21.2 24.7 0.01 %
Hull's Kitchen, LLC and HK Too, LLC (#,^) 19 Hull Shore Dr, Hull, MA 2045 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/14/2042 91.3 91.3 107.1 0.03 %
Tele Tax Express Inc., El Rancho Paiso, LLC and Nestor Romero (#,^) 577 Main Ave, Paterson, NJ 7055 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/14/2042 87.2 87.2 101.9 0.03 %
Susan Hughes dba Aloha Junction B and B (#,^) 19-4037 Olapalapa Rd, Volcano, HI 96785 Accommodation Term Loan Prime plus 2.75% 6/14/2042 58.9 58.9 69.1 0.02 %
Refoleen Inc dba Spice and Tea Exchange (#,^) 849 E Commerce St Ste 121, San Antonio, TX 78205 Food and Beverage Stores Term Loan Prime plus 2.75% 6/8/2027 2.6 2.6 2.6 — %
Skydive California, LLC (#,^) 25001 S Kasson Rd, Tracy, CA 95301 Educational Services Term Loan Prime plus 2.75% 6/2/2027 40.3 40.3 42.4 0.01 %
SCW, LLC dba Arthur Murray Dance Studio (#,^) 2383 Old Dixwell Ave, Hamden, CT 6518 Educational Services Term Loan Prime plus 2.75% 6/2/2042 137.6 137.6 159.7 0.05 %
Speaker City, Inc.and Speaker Town, LLC dba Rollin Thunder (#,^) 246 East Belt Blvd, Richmond, VA 23224 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/1/2042 43.0 43.0 50.1 0.01 %
Sage Oil LLC (#,^) 8913 Egyptian Ave, Las Vegas, NV 89143 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 5/31/2027 16.3 16.3 16.6 — %
Ricnet III, Inc. dba Edible Arrangements (#,^) 716 Foxcroft Ave, Martinsburg, WV 25401 Food and Beverage Stores Term Loan Prime plus 2.75% 5/31/2027 10.9 10.9 11.1 — %
Funtime, LLC and Universal Entertainment Group LLC (#,^) 13200 W. Foxfire Dr #144, Surprise, AZ 85387 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/31/2027 50.0 50.0 50.9 0.01 %
Haroon Baig,Inc.dba US1 Petrol (#,^) 1280-1290 Dixwell Ave, Hamden, CT 6514 Gasoline Stations Term Loan Prime plus 2.75% 5/31/2042 248.4 248.4 291.4 0.09 %
Chet Lemon Enterprises LLC dba All American Sports (#,^) 1544 Lane Park Cutoff, Tavares, FL 32778 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/26/2042 746.7 746.7 876.1 0.26 %
Eagle Wood Works LLC (#,^) 1448 Horsehead Rd, Lugoff, SC 29078 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 5/26/2027 8.7 8.7 9.0 — %
Hurricane Group, Inc. (#,^) 312 West Fourth St, Carson City, NV 89703 Other Information Services Term Loan Prime plus 2.75% 5/26/2027 55.1 55.1 55.8 0.02 %
Swantown Inn & Spa LLC (#,^) 1431 11th Ave SE, Olympia, WI 98501 Accommodation Term Loan Prime plus 2.75% 5/26/2042 119.6 119.6 140.2 0.04 %
Beyond Waves A Unique Salon LLC and Lori Ann Carlson (#,^) 2290 Foxon Rd Route 80, North Branford, CT 6471 Personal and Laundry Services Term Loan Prime plus 2.75% 5/25/2027 9.1 9.1 9.2 — %
Jung Design Inc. (#,^) 10857 Pine Bluff Drive, Fisher, IN 46037 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/25/2027 6.5 6.5 6.6 — %
Abdul Naushad MD PC dba Advanced Pain Centers (#,^) 2865 James Blvd, Poplar Bluff, MO 63901 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/25/2042 372.3 372.3 434.9 0.13 %
Locavore LLC dba Paloma Restaurant (#,^) 401 S. Guadalupe St, Santa Fe, NM 87501 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/25/2027 36.3 36.3 37.2 0.01 %
Innovim, LLC (#,^) 6401 Golden Triangle Drive Ste 200, Greenbelt, MD 20770 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/24/2027 219.9 219.9 222.8 0.07 %
222
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Prestige Construction of Florida, LLC (#,^) 1404 Yorktown St Ste E, Deland, FL 34944 Construction of Buildings Term Loan Prime plus 2.75% 5/23/2042 317.0 317.0 365.7 0.11 %
Hayden Trucking LLC (#,^) 11540 Eagle Vista Drive, Fort Worth, TX 76179 Truck Transportation Term Loan Prime plus 2.75% 5/19/2027 99.9 99.9 105.2 0.03 %
Tres K Deli,Grocery,Fruit and Meat Inc. (#,^) 125 West Tremont Ave, Bronx, NY 10453 Food and Beverage Stores Term Loan Prime plus 2.75% 5/19/2027 6.0 6.0 6.2 — %
Iron Men Home Repair, Inc. and Ironmen House Lifting Inc. (#,^) 132 North Wellwood Ave, Lindenhurst, NY 11757 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/19/2042 548.0 548.0 637.5 0.19 %
Waterford Plumbing Co, Inc. (#,^) 2425 W. Cuyler Ave, Chicago, IL 60618 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/18/2027 36.3 36.3 37.0 0.01 %
Mr. B's Bicycles & Mopeds, Inc. (#,^) 1870 S. 4th Ave, Yuma, AZ 85364 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 5/18/2042 138.1 138.1 160.4 0.05 %
Bay Car Wash LLC (#,^) 952 South Commercial St and West Magnolia, Aransas Pass, TX 78336 Repair and Maintenance Term Loan Prime plus 2.75% 5/18/2042 113.9 113.9 132.5 0.04 %
Computech Computers Inc. (#,^) 40-24 76th St, Office #2B, Elmhurst, NY 11373 Educational Services Term Loan Prime plus 2.75% 5/17/2027 36.3 36.3 36.8 0.01 %
5 Stars Learning Center Inc (#,^) 14 Paine Ave, Irvington, NJ 7111 Social Assistance Term Loan Prime plus 2.75% 5/16/2042 58.1 58.1 67.5 0.02 %
Arco Electrical Contractors Inc. dba Arco Construction Group (#,^) 22-24 South Seventh St, Elizabeth, NJ 7202 Specialty Trade Contractors Term Loan Prime plus 2.75% 5/16/2027 262.0 262.0 270.7 0.08 %
Sanderson Distribution Inc. (#,^) 100 Daniel Drive, Alamo, CA 94507 Truck Transportation Term Loan Prime plus 2.75% 5/12/2027 7.6 7.6 7.7 — %
B G F Bobby Q's Inc (#,^) 447 N. Main St, Freeport, NY 11520 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/11/2027 5.4 5.4 5.7 — %
Estelle Finkel Educational Associates,LLC (#,^) 125 West Mount Pleasant Ave, Livingston, NJ 7039 Educational Services Term Loan Prime plus 2.75% 5/11/2027 88.6 88.6 89.8 0.03 %
Labmates,LLC (#,^) 141 Watertown Rd, Thomaston, CT 6787 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 5/10/2027 72.6 72.6 75.9 0.02 %
NHS, LLC (#,^) 212 N Douglas Ave, Ellsworth, KS 67439 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/9/2027 64.3 64.3 66.0 0.02 %
NHS, LLC (#,^) 212 N Douglas Ave, Ellsworth, KS 67439 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/9/2042 20.6 20.6 23.6 0.01 %
Innovation Transport, LLC (#,^) 1 International Blvd, Mahwah, NJ 7495 Truck Transportation Term Loan Prime plus 2.75% 5/9/2027 56.8 56.8 59.4 0.02 %
Benchmark Building, Inc. (#,^) 1439 Stargazer Terrace, Sanford, FL 32771 Construction of Buildings Term Loan Prime plus 2.75% 5/5/2027 16.3 16.3 16.6 — %
Cable Management LLC (#,^) 290 Pratt St, Meriden, CT 6450 Waste Management and Remediation Services Term Loan Prime plus 2.75% 5/3/2027 41.6 41.6 43.3 0.01 %
Fine Arts Center of Easley, Inc. dba Midtown Music (#,^) 117 S. Pendleton St, Easley, SC 29640 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 5/2/2042 112.5 112.5 132.0 0.04 %
Love and Glory Learning Center, Inc. (#,^) 4911 N. 42nd St., Tampa, FL 33610 Social Assistance Term Loan Prime plus 2.75% 4/28/2042 73.3 73.3 84.9 0.03 %
223
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Sneads Ferry Foods, Inc. dba DQ Grill & Chill (#,^) 920 Hwy 210, Sneads Ferry, NC 28460 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/27/2042 611.4 611.4 707.7 0.21 %
JMA Inc. dba Primecut and Mezzo; Primecut at Marquee (#,^) 393 Charles St, Providence, RI 2904 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/27/2042 208.3 208.3 244.4 0.07 %
Resident Research, LLC (#,^) 4400 Morris Park Drive Ste M, Charlotte, NC 28277 Other Information Services Term Loan Prime plus 2.75% 4/24/2027 63.5 63.5 64.3 0.02 %
Getting Even LLC dba The Zoo Health Club (#,^) 377 South Willow St, Ste B 2-1, Manchester, NH 3103 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/21/2027 5.4 5.4 5.5 — %
Ralph's Hair Salon, Inc. (#,^) 175 NW 14th St, Homestead, FL 33030 Personal and Laundry Services Term Loan Prime plus 2.75% 4/21/2042 47.0 47.0 54.7 0.02 %
Condron Brothers LLC DBA Luv 2 Play (#,^) 4790 La Sierra Ave, Riverside, CA 92505 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/19/2027 85.9 85.9 88.4 0.03 %
Butternuts Beer and Ale LLC (#,^) 4021 Hwy 51, Garrattsville, NY 13342 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 4/12/2027 53.1 53.1 55.8 0.02 %
The Altitude Group, LLC and Core Home Security, LLC (#,^) 949 Clint Moore Rd, Unit 949A, Boca Raton, FL 33487 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/31/2027 31.7 31.7 32.1 0.01 %
Bear Trail Lodge LLC (#,^) Mile 1 Bear Trail Rd, King Salmon, AK 99613 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/31/2042 519.4 519.4 608.9 0.18 %
Citizens Lanes, LLC (#,^) 5100 Goodson Connector Rd, Union City, GA 30291 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 3/31/2042 607.2 607.2 568.7 0.17 %
Applied Integrated Technologies, Inc. (#,^) 7120 Samuel Morse Drive #150, Columbia, MD 21046 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/31/2027 89.1 89.1 90.1 0.03 %
Landmark Ventures USA, Inc. (#,^) 475 Park Ave South 25th Floor, New York, NY 10016 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 3/31/2027 133.6 133.6 135.1 0.04 %
Golden Hen Inc. dba Cafe (#,^) 468 W. Cheltenham Ave, Philadelphia, PA 19126 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/31/2027 46.1 46.1 46.8 0.01 %
KWG Industries LLC dba Peterson & Marsh Metal Industries (#,^) 330 Roycefield Rd Unit B, Hillsborough, NJ 8844 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 3/30/2027 21.4 21.4 22.4 0.01 %
Sea Smoke Barbeque, Corp and Danwen LLC (#,^) 20 Island Farm Rd, Oak Bluffs, MA 2557 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/30/2042 222.3 222.3 258.6 0.08 %
Schafer Fisheries Inc. (#,^) 21985 Waller Rd, Fulton, IL 61252 Food Manufacturing Term Loan Prime plus 2.75% 3/30/2042 233.9 233.9 274.5 0.08 %
Discount Price, LLC dba Robert's Market (#,^) 2 Hill Rd, Franklin, NH 3235 Gasoline Stations Term Loan Prime plus 2.75% 3/29/2042 193.9 193.9 226.1 0.07 %
Douglas K. Soderblom . dba Loma Linda Optometry (#,^) 25815 Barton Rdad, Unit C104, Loma Linda, CA 92354 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/29/2027 71.2 71.2 73.1 0.02 %
Gauri Hospitality Group LLC dba Microtel Inns & Suites by Wyndham (#,^) 1221 Kentucky Mills Drive, Louisville, KY 40299 Accommodation Term Loan Prime plus 2.75% 3/29/2042 993.0 993.0 1,165.0 0.34 %
H and H Hotshot Services, Inc. dba AA Hotshot & Logistics (#,^) 5455 N 51st St, # 30, Glendale, AZ 85301 Couriers and Messengers Term Loan Prime plus 2.75% 3/29/2030 78.5 78.5 81.4 0.02 %
224
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
New England Country Day School, Inc. and Thomas D. Walker (#,^) 27 Kenosia Ave, Danbury, CT 6810 Social Assistance Term Loan Prime plus 2.75% 3/28/2042 356.3 356.3 414.0 0.12 %
American Pharmaceutical Innovation Company, LLC (#,^) 1425 Centre Circle, Downers Grove, IL 60515 Chemical Manufacturing Term Loan Prime plus 2.75% 3/28/2027 5.0 5.0 5.1 — %
Pecos Entertainment LLC dba State Theater and Pecos Inn LLC dba Econo (#,^) 421 S. Oak St, Pecos, TX 79772 Motion Picture and Sound Recording Industries Term Loan Prime plus 2.75% 3/27/2042 388.0 388.0 454.5 0.13 %
Heil & Hornik LLC dba Elysium Tennis (#,^) 7637 C. Commerce Place, Plain City, OH 43064 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/27/2042 873.1 873.1 1,012.3 0.30 %
Color Graphic Press, Inc. (#,^) 42 Main St, Nyack, NY 10960 Printing and Related Support Activities Term Loan Prime plus 2.75% 3/23/2027 85.5 85.5 89.8 0.03 %
JBK Truck Trailer and Bus Inc. (#,^) 8669 South State Rd 67, Camby, IN 46113 Repair and Maintenance Term Loan Prime plus 2.75% 3/23/2042 83.6 83.6 96.9 0.03 %
Denton Bio Fuels LLC and American Bio Source LLC (#,^) 624 W. University Dr. Ste 359, TX, TX 76201 Waste Management and Remediation Services Term Loan Prime plus 2.75% 3/23/2027 43.3 43.3 44.6 0.01 %
Executive Fitness & Nutrition Inc. (#,^) 8610 Roosevelt Ave Ste 2, Jackson Heights, NY 11372 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/23/2027 14.3 14.3 15.1 — %
Baton Rouge Cargo Services Inc. and 6507 Westport, LLC (#,^) 6507 Westport Ave, Shreveport, LA 71129 Truck Transportation Term Loan Prime plus 2.75% 3/22/2042 605.5 605.5 706.6 0.21 %
Vehicle Safety Supply LLC (#,^) 707 Femimore Rd, Mamaroneck, NY 10543 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/21/2027 16.0 16.0 16.2 — %
The Purple Cow House of Pancake Inc (#,^) 6 & 10 Skowhegan Rd, Fairfield, ME 4937 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/16/2042 150.9 150.9 176.8 0.05 %
Texcor, Inc.dba Texas Corral,Texas Coral Restaurants II, Inc. T.C. of (#,^) 5880 US Hwy6, Portage, IN 46368 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/16/2027 220.6 220.6 231.7 0.07 %
1MTX LLC and Sunrise Transportation and Logistics, LLC and Mustafa M (#,^) 6510 North Broadway, Saint Louis, MO 63147 Truck Transportation Term Loan Prime plus 2.75% 3/13/2027 468.9 468.9 474.1 0.14 %
Dwayne Bernard Tate (#,^) 1238 Woodcliff Court SW, Lilburn, GA 30047 Truck Transportation Term Loan Prime plus 2.75% 3/10/2027 7.5 7.5 7.7 — %
Elegant Occasions, LLC dba E Productions (#,^) 3650 Coral Ridge Drive Units 103-104, Coral Springs, FL 33065 Personal and Laundry Services Term Loan Prime plus 2.75% 3/10/2042 555.1 555.1 644.3 0.19 %
Anthony LLC dba Star of Woodward Market (#,^) 5730 Woodward Ave, Detroit, MI 48202 Food and Beverage Stores Term Loan Prime plus 2.75% 3/9/2042 108.4 108.4 127.0 0.04 %
Allegro Assisted Living Of Texas (#,^) 3400 Remington Drive, Plano, TX 75023 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 3/6/2027 68.4 68.4 71.8 0.02 %
Podium Auto Sales Inc and RRS Property, LLC (#,^) 246 S. Dixie Hwy, Pompano Beach, FL 33060 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/3/2042 85.3 85.3 98.9 0.03 %
SSI Refrigerated Express Inc. and Robert M Stallone dba SSI Express (#,^) 1001 E. Cooley Drive Ste 102, Colton, CA 92324 Truck Transportation Term Loan Prime plus 2.75% 2/28/2027 166.3 166.3 168.2 0.05 %
Weeping Willow Kennels, Inc and Aileen N Black (#,^) 6041 Hammond School Rd, Salisbury, MD 21804 Personal and Laundry Services Term Loan Prime plus 2.75% 2/28/2042 131.4 131.4 153.1 0.05 %
Getting Even LLC dba The Zoo Health Club (#,^) 377 South Willow St Unit B2-1, Manchester, NH 3103 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/28/2027 67.9 67.9 69.5 0.02 %
225
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Total Document Solutions Inc and,TDS Services, LLC (#,^) 2515 North Shiloh Drive, Fayetteville, AR 72704 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 2/27/2030 249.2 249.2 262.5 0.08 %
McNally Enterprises Inc. (#,^) 1010 N. Grove St, Anaheim, CA 92806 Administrative and Support Services Term Loan Prime plus 2.75% 2/27/2027 45.4 45.4 46.4 0.01 %
Teracore Inc. (#,^) 3300 Holcomb Bridge Rd, Ste 226, Norcross, GA 30092 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/27/2027 115.4 115.4 116.7 0.03 %
B & J Bicycle Shop Inc. (#,^) 1620 E. Sample Rd, Pompano Beach, FL 33064 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 2/24/2027 4.4 4.4 4.6 — %
TMJ Pizza Mesa LLC dba Rosati's Pizza Restaurant (#,^) 2235 S. Power Rd Ste 118, Mesa, AZ 85209 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/24/2027 53.0 53.0 55.5 0.02 %
3W Enterprises LLC (#,^) 2727 Industrial Parkway, Elkhart, IN 46516 Textile Product Mills Term Loan Prime plus 2.75% 2/24/2042 60.9 60.9 71.1 0.02 %
Ameritube, LLC and Ravone Properties, LLC (#,^) 1000 North State. Hwy 77, Hillsboro, TX 76645 Primary Metal Manufacturing Term Loan Prime plus 2.75% 2/14/2042 173.1 173.1 202.8 0.06 %
Baton Rouge Cargo Services Inc. and 2808 Court Street, LLC (#,^) 2808 Court St, Port Allen, LA 70767 Truck Transportation Term Loan Prime plus 2.75% 2/10/2042 232.6 232.6 271.5 0.08 %
Sushiya Inc. (#,^) 72 S. Main St, Hanover, NH 3755 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/10/2027 13.2 13.2 13.5 — %
Maximo Canot dba Wash and Dry Laundrymat (#,^) 34 Morningside Ave, Yonkers, NY 10703 Personal and Laundry Services Term Loan Prime plus 2.75% 2/10/2042 129.2 129.2 150.9 0.04 %
Marvic Enterprises Inc dba Jordan's Liquor (#,^) 199 Taunton Ave, East Providence, RI 2914 Food and Beverage Stores Term Loan Prime plus 2.75% 2/10/2042 205.6 205.6 239.5 0.07 %
Harrison Logging Company LLC (#,^) 255 Ray Crain Rd, Indian Mound, TN 37079 Forestry and Logging Term Loan Prime plus 2.75% 2/9/2027 74.9 74.9 77.0 0.02 %
8 Minute Oil Change Auto Repair & Tire Center and Jumir L.L.C. (#,^) 174-176 Mountain Ave, Springfield, NJ 7081 Repair and Maintenance Term Loan Prime plus 2.75% 2/7/2042 307.8 307.8 355.7 0.10 %
DBMS Consulting, Inc. (#,^) 164 West 83rd St. Units CF1 and CF2, New York, NY 10024 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/1/2042 173.8 173.8 200.9 0.06 %
Chidlren's House Learning, Inc and Tarps Investment Group (#,^) 720 Wilbraham Rd, Springfield, MA 1109 Social Assistance Term Loan Prime plus 2.75% 1/31/2042 301.1 301.1 349.5 0.10 %
Brandco, LLC (#,^) 2151 Consulate Drive Ste 21, Orlando, FL 32837 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/31/2027 30.5 30.5 30.8 0.01 %
Fave Realty Inc. (#,^) 1875 Grand Ave, Baldwin, NY 11510 Real Estate Term Loan Prime plus 2.75% 1/30/2042 51.1 51.1 59.4 0.02 %
SRC Publishing LLC (#,^) 8690 Waterford Bend St, Las Vegas, NV 89123 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 1/27/2027 15.7 15.7 15.9 — %
Fox Valley Rentals & Investments LLC and Brian M Tomaszewski (#,^) 2906 E. Newberry St., Appleton, WI 54915 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/20/2042 39.8 39.8 46.1 0.01 %
Jolibe LLC and Jolibe Atelier LLC (#,^) 357 w 36th #401, New York, NY 10018 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/18/2027 7.3 7.3 7.5 — %
226
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Eickmann Management Group LLC dba Jimmy Johns of Dundee (#,^) 568 Techumseh St, Dundee, MI 48131 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/17/2027 69.5 69.5 73.0 0.02 %
Fullbro Trust dba Menemsha Blues (#,^) 2 Basin Rd, Chilmark, MA 2535 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 1/13/2027 15.7 15.7 16.5 — %
Echelon Enterprises, Inc (#,^) 16701 E. Iliff Ave, Aurora, CO 80013 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 1/10/2027 34.1 34.1 35.8 0.01 %
Metropolitan Solutions Group Inc. (#,^) 1420 Chestnut St, Portsmouth, VA 23704 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/19/2041 257.0 257.0 295.1 0.09 %
Means Enterprises LLC dba FastFrame Frisco (#,^) 4112-4150 Legacy Drive/5729 Leabanon Rd Unit 412, Frisco, TX 75034 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/16/2026 14.4 14.4 14.6 — %
Soon Im. Chin dba Stan C-Store (#,^) 4014 E Stan Schlueter Loop, Killeen, TX 76542 Gasoline Stations Term Loan Prime plus 2.75% 12/15/2041 198.6 198.6 231.8 0.07 %
Sempco, Inc. (#,^) 51 -55 Lake St Unit #2-6, Nashua, NH 3060 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/15/2041 39.2 39.2 45.9 0.01 %
New Chicago Wholesale Bakery, Inc. (#,^) 795 Touhy Ave, Elk Grove Village, IL 60007 Food Manufacturing Term Loan Prime plus 2.75% 12/15/2041 426.1 426.1 492.2 0.15 %
Techni-Pro Institute LLC (#,^) 414 NW 35th St, Boca Raton, FL 33431 Educational Services Term Loan Prime plus 2.75% 12/15/2026 130.8 130.8 133.1 0.04 %
Elita 7, LLC (#,^) 16 Marble St, Worcester, MA 1603 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 12/15/2041 669.9 669.9 779.3 0.23 %
HMG Strategy, LLC (#,^) 191 Post Rd West, Westport, CT 6880 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/14/2026 32.6 32.6 32.9 0.01 %
Trison Enterprises Inc.dba Lee's Automotive (#,^) 13281 Aurora Ave N, Seattle, WA 98311 Repair and Maintenance Term Loan Prime plus 2.75% 12/14/2041 380.8 380.8 442.2 0.13 %
AGG Management Team LLC dba Chevron (#,^) 2615 S Dixie Hwy, West Palm Beach, FL 33401 Gasoline Stations Term Loan Prime plus 2.75% 12/14/2041 267.8 267.8 313.2 0.09 %
Roast Beef Levittown LLC dba Arby's (#,^) 2080 Hempstead Turnpike, East Meadow, NY 11554 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/13/2026 146.3 146.3 153.3 0.05 %
Success Advertising Inc. dba Success Communivstion Gr (#,^) 26 Eastmans Rd, Parsippany, NJ 7054 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/13/2041 435.9 435.9 509.1 0.15 %
Wayfarer Bicycle LLC (#,^) 118-120 Ocean Ave, New London, CT 6320 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 12/13/2041 86.4 86.4 99.5 0.03 %
Mack Team Enterprises Inc.dba The UPS Store #6815 (#,^) 38200 Ave of the States, Fort Gordon, GA 30905 Couriers and Messengers Term Loan Prime plus 2.75% 12/9/2026 14.1 14.1 14.4 — %
Recycling Revolution,LLC (#,^) 4190 Collins Rd, Unadilla, GA 31091 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/9/2041 85.3 85.3 98.7 0.03 %
eCommerce Direct, LLC (#,^) 3440 Gannett Ave, Des Moines, IA 50321 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/9/2026 534.4 534.4 546.0 0.16 %
New Life Hospital LLC (#,^) 17400 Red Oak Drive, Houston, TX 77090 Hospitals Term Loan Prime plus 2.75% 12/8/2041 1,139.8 1,139.8 1,333.1 0.39 %
Imagine By Carleen Inc. (#,^) 1404 Del Prado Blvd. Units 100 & 105, Cape Coral, FL 33990 Personal and Laundry Services Term Loan Prime plus 2.75% 12/8/2041 49.1 49.1 56.9 0.02 %
227
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hanson's Greeks LLC (#,^) 8132 N. 87th Place, Ste A, Scottsdale, AZ 85258 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/8/2026 7.7 7.7 8.1 — %
Noso Development LLC (#,^) 4 Walker Way, Albany, NY 12205 Construction of Buildings Term Loan Prime plus 2.75% 12/1/2026 53.5 53.5 54.0 0.02 %
Quick Ship, LLC (#,^) 448 W. 19th St, Houston, TX 77008 Couriers and Messengers Term Loan Prime plus 2.75% 11/30/2026 7.2 7.2 7.2 — %
Imaginarium Foods LLC, (#,^) 751 N. Cable Rd, Lima, OH 45805 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2042 349.1 349.1 406.5 0.12 %
RD Management, LLC (#,^) 2302 N. Kings Hwy, Myrtle Beach, SC 29572 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/30/2026 145.7 145.7 147.6 0.04 %
Pebble Wood Lane, LLC and Good Sam's Assisted Living Resiidence,LLC (#,^) 1 Pebble Wood Lane, Palm Coast, FL 32164 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 11/30/2041 63.4 63.4 74.2 0.02 %
Usman Jalil, LLC dba Food Mart (#,^) 147 N Washington St, Plainville, CT 6062 Gasoline Stations Term Loan Prime plus 2.75% 11/29/2041 217.9 217.9 250.7 0.07 %
Access Staffing, LLC (#,^) 360 Lexington Ave 8th Floor, New York, NY 10017 Administrative and Support Services Term Loan Prime plus 2.75% 11/29/2026 841.0 841.0 848.6 0.25 %
CRK Mens, LLC dba Spiff for Men (#,^) 750 Third Ave, New York, NY 10017 Personal and Laundry Services Term Loan Prime plus 2.75% 11/23/2026 71.1 71.1 72.2 0.02 %
WPN Recycling Company LLC (#,^) 5101 Andard Ave, Baltimore, MD 21226 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 11/23/2026 15.3 15.3 16.1 — %
Hafa Adai Signs and Graphics LLC dba Fastsigns of Auburn (#,^) 1835 Auburn Way N Ste B, Auburn, WA 98002 Administrative and Support Services Term Loan Prime plus 2.75% 11/23/2026 40.9 40.9 41.4 0.01 %
Bouquet Restaurant LLC (#,^) 519 Main St, Covington, KY 41011 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/22/2041 90.6 90.6 105.9 0.03 %
JBK Truck Trailer and Bus Inc. (#,^) 8669 S. State Rd 67, Camby, IN 46113 Repair and Maintenance Term Loan Prime plus 2.75% 11/22/2041 388.2 388.2 449.9 0.13 %
6E Technologies LLC (#,^) 11001 West 120th Ave, Ste 400, Broomfield, CO 80020 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/22/2026 105.4 105.4 109.1 0.03 %
Broms Asset Management LLC (#,^) 215 East 79th St Apt 9E, New York, NY 10075 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 11/22/2026 84.8 84.8 85.6 0.03 %
Skaggs RV Outlet LLC (#,^) 301 Commerce Drive, Elizabethtown, KY 42701 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 11/21/2026 68.2 68.2 71.4 0.02 %
Catherine Christine Morin dba Purr-Fect Pets (#,^) 1915 North Austin Ave, Georgetown, TX 78626 Personal and Laundry Services Term Loan Prime plus 2.75% 11/17/2026 12.8 12.8 12.9 — %
Stratmar Systems Inc dba Stratmar Retail Services (#,^) 109 Willett Ave, Port Chester, NY 10573 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/16/2026 46.8 46.8 49.0 0.01 %
Hoosier Health Plus, LLC (#,^) 520 East 8th St, Anderson, IN 46012 Ambulatory Health Care Services Term Loan Prime plus 2.75% 11/15/2026 63.1 63.1 66.1 0.02 %
Hackensack Steel Corporation and Luzerne Ironworks Inc (#,^) 300 Sly St, Swoyersville, PA 18709 Specialty Trade Contractors Term Loan Prime plus 2.75% 11/10/2026 176.0 176.0 184.4 0.05 %
Dyer Properties, LLC and Bayview Pharmacy, Inc. (#,^) 3844 Post Rd, Warwick, RI 2886 Health and Personal Care Stores Term Loan Prime plus 2.75% 11/9/2041 224.3 224.3 259.1 0.08 %
MIK LLC dba Firehouse Subs (#,^) 17250 Royalton Rd, Strongsville, OH 44136 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/9/2026 151.9 151.9 153.8 0.05 %
228
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Fine Line Interiors, Inc. (#,^) 2530 SW 30th Ave, Hallandale Beach, FL 33009 Repair and Maintenance Term Loan Prime plus 2.75% 11/4/2041 60.3 60.3 70.5 0.02 %
131 Miles LLC and Ohm Shubh Laxmi, LLC. dba Mr Hero (#,^) 13215 Miles Ave, Cleveland, OH 44105 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/3/2041 111.5 111.5 130.0 0.04 %
Veracruz Shabo, LLC Waterfalls Quick Lube LLC (#,^) 1325 BRd St, Central Falls, RI 2863 Repair and Maintenance Term Loan Prime plus 2.75% 11/1/2041 110.8 110.8 128.9 0.04 %
Glocecol LLC (#,^) 10302 NW South River Drive, Bay #18, Miami, FL 33178 Administrative and Support Services Term Loan Prime plus 2.75% 11/1/2026 51.1 51.1 53.5 0.02 %
Bloomquist Communications Inc. (#,^) 131 East Trinity Place, Decatur, GA 30030 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/31/2026 40.4 40.4 40.8 0.01 %
Moolchan Enterprises LLC dba Staying Green (#,^) 2650 S.W. 154 Ave, Davie, FL 33331 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/31/2026 7.4 7.4 7.7 — %
Woodstock Enterprises Corp dba True Scent Candle Co (#,^) 191 2nd Ave, Warwick, RI 2888 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 10/31/2041 82.6 82.6 95.2 0.03 %
Elite Structures Inc (#,^) 401 Old Quitman Rd, Abel, GA 31620 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 10/27/2029 176.7 176.7 188.8 0.06 %
Blakeslee Arpaia Chapman Inc and Chapman Construction Services LLC (#,^) 200 North Branford Rd, Branford, CT 6405 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 10/24/2026 286.4 286.4 300.1 0.09 %
Worldwide Estate, Inc. dba Washington Heights Manor (#,^) 10620 W. Greenwood Terrace, Milwaukee, WI 53224 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 10/21/2041 208.9 208.9 244.4 0.07 %
Gold Wind Logistics LLC (#,^) 2830 Beech Daly Rd, Inkster, MI 48141 Truck Transportation Term Loan Prime plus 2.75% 10/20/2041 162.9 162.9 190.5 0.06 %
Speaker City, Inc. dba Rollin Thunder (#,^) 246 East Belt Blvd, Richmond, VA 23224 Electronics and Appliance Stores Term Loan Prime plus 2.75% 10/14/2041 116.4 116.4 135.4 0.04 %
Maine Service Corp (#,^) 59-22 55th St, Maspeth, NY 11378 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 10/13/2026 110.7 110.7 115.7 0.03 %
Justin Partlow (#,^) 100 Independence Place, Ste 414, Tyler, TX 75703 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 10/13/2026 13.1 13.1 13.3 — %
Reliable Recovery Services LLC (#,^) 2401 West Mcdowell Rd, Phoenix, AZ 85009 Support Activities for Transportation Term Loan Prime plus 2.75% 10/7/2026 75.8 75.8 78.0 0.02 %
Wyspen Corporation dba Charlestown Ace (#,^) 5 Austin St, Charlestown, MA 2129 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 10/3/2026 24.3 24.3 24.5 0.01 %
Ailky Corporation (#,^) 352 Beford St, Lakeville, MA 2347 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 10/3/2026 159.6 159.6 162.4 0.05 %
JJA Transportation Management Inc. (#,^) 15 Church St, Upland, PA 19015 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 9/30/2026 33.6 33.6 33.9 0.01 %
Seaway LLC and Reklaw LLC dba Allure Lounge (#,^) 415 -417 Halsey Drive, Newark, NJ 7102 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2041 127.4 127.4 149.0 0.04 %
Beadon Inc (#,^) 2601 Old Ocean City Rd, Salisbury, MD 21804 Food and Beverage Stores Term Loan Prime plus 2.75% 9/28/2026 14.9 14.9 15.6 — %
CNC Precision Machine, Inc. (#,^) 18360 Industrial Circle, Burton, OH 44021 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/28/2041 1,188.7 1,188.7 1,376.8 0.41 %
229
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Reynolds Fence & Guardrail Inc. (#,^) 9320 Machado Drive, Indian Trail, NC 28079 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 9/27/2026 418.4 418.4 435.8 0.13 %
Kyle M Walker DDS, PC (#,^) 1402 West Park Ave, Orange, TX 77630 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/27/2026 157.1 157.1 159.5 0.05 %
Luv 2 Play Nor Cal, LLC dba Luv 2 Play (#,^) 82 Clarksville Rd, Folsom, CA 95630 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/27/2026 36.2 36.2 36.9 0.01 %
TPFC,LLC dbaThe Picture Frame Company (#,^) 5957 Glenway Ave, Cincinnati, OH 45238 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/26/2041 54.5 54.5 63.2 0.02 %
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch (#,^) 24201 North Hwy 1, Fort Bragg, CA 95437 Support Activities for Agriculture and Forestry Term Loan Prime plus 2.75% 9/26/2026 6.0 6.0 6.3 — %
PeopleBest Inc. (#,^) 19442 Mesa Drive, Villa Park, CA 92861 Administrative and Support Services Term Loan Prime plus 2.75% 9/26/2026 10.0 10.0 10.0 — %
Cuppiecakes LLC (#,^) 313 S Main St, McGregor, TX 76557 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/21/2041 20.9 20.9 24.1 0.01 %
Wrecking Crew Media LLC (#,^) 229 Commercial Ave, Pittsburgh, PA 15212 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 9/21/2026 33.2 33.2 33.5 0.01 %
Consulting Solutions Inc. and Mark Luciani (#,^) 3000 N Federal Hwy 1-1A, Fort Lauderdale, FL 33306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/20/2026 16.2 16.2 16.8 — %
Benoit's Towing and Recovery LLC (#,^) 301 Tabor Rd, Swanton, VT 5488 Support Activities for Transportation Term Loan Prime plus 2.75% 9/20/2026 5.6 5.6 5.7 — %
Marquis Cattle Company (#,^) 805 US Hwy 87, Belt, MT 59412 Animal Production and Aquaculture Term Loan Prime plus 2.75% 9/13/2026 33.5 33.5 35.1 0.01 %
Metropet Dog Center, Inc (#,^) 2057 West Shore Rd, Warwick, RI 2889 Personal and Laundry Services Term Loan Prime plus 2.75% 9/13/2041 101.3 101.3 117.6 0.03 %
Animal Intrusion Prevention Systems Holding Company, LLC dba Critter C (#,^) 1362-1366 W. Carrier Parkway, Grand Prairie, TX 75050 Administrative and Support Services Term Loan Prime plus 2.75% 8/30/2026 89.8 89.8 91.1 0.03 %
Raem Corporation dba Dryclean Express (#,^) 557 West Whitney Rd, Fairport, NY 14450 Personal and Laundry Services Term Loan Prime plus 2.75% 8/29/2041 67.1 67.1 78.3 0.02 %
Warren Dale Warrington dba Custom Paint and Body (#,^) 705 S Market Ave, Fort Pierce, FL 34982 Repair and Maintenance Term Loan Prime plus 2.75% 8/26/2041 93.7 93.7 108.9 0.03 %
Albert Basse Associates Inc (#,^) 175 Campanelli Parkway, Stoughton, MA 2072 Printing and Related Support Activities Term Loan Prime plus 2.75% 8/25/2026 40.6 40.6 42.4 0.01 %
Rosmel Pools Inc (#,^) 9300 NW 25th St Ste 103, Miami, FL 33172 Repair and Maintenance Term Loan Prime plus 2.75% 8/25/2026 14.8 14.8 15.0 — %
Avery Management Inc. dba Whetstone Upholstery (#,^) 1122 N Bloulevard, Richmond, VA 23230 Repair and Maintenance Term Loan Prime plus 2.75% 8/25/2026 6.7 6.7 6.7 — %
TR Companies LLC dba Liberty Rental 4 U (#,^) 410 N Church Rd, Liberty, MO 64068 Rental and Leasing Services Term Loan Prime plus 2.75% 8/25/2026 32.6 32.6 32.8 0.01 %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC (#,^) 726-740 South Fleming St, Sebastian, FL 32958 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/24/2041 492.0 492.0 574.4 0.17 %
Luv 2 Play Temecula, LLC (#,^) 26469 Ynez Rd, Temecula, CA 92591 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 8/15/2026 40.9 40.9 41.1 0.01 %
Grayson O Company (#,^) 6509 Newell Ave, Kannapolis, NC 28082 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 8/10/2041 578.2 578.2 675.1 0.20 %
230
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Paul Belanger dba Paul Belanger Landscaping (#,^) 2595 Military Ave, Los Angeles, CA 90064 Administrative and Support Services Term Loan Prime plus 2.75% 8/9/2026 9.8 9.8 9.9 — %
The Hungry Rhino LLC (#,^) 47 South Main St, Windsor Locks, CT 6096 Real Estate Term Loan Prime plus 2.75% 7/29/2041 70.4 70.4 81.5 0.02 %
Little Tree Huggers Child Care LLC (#,^) 38620 9 Mile Rd, Farmington Hills, MI 48335 Social Assistance Term Loan Prime plus 2.75% 7/29/2041 129.3 129.3 150.9 0.04 %
303 Tower Drive LLC (#,^) 303 Tower Drive, Ste A, Middletown, NY 10941 Repair and Maintenance Term Loan Prime plus 2.75% 7/29/2041 369.5 369.5 430.3 0.13 %
USA General Investment LLC dba Braniff Paint and Body Shop (#,^) 2290 NW 21st Terrace, Miami, FL 33142 Repair and Maintenance Term Loan Prime plus 2.75% 7/29/2026 14.6 14.6 14.8 — %
676 Club LP dba The Green Door Tavern/The Drifter (#,^) 676 and 678 North Orleans ST, Chicago, IL 60654 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/28/2041 622.6 622.6 726.2 0.21 %
Apple Tree NC Inc dba Williams Farm & Garden Center (#,^) 1309 Old Cherry Point Rd, New Bern, NC 28560 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 7/28/2041 319.9 319.9 369.1 0.11 %
Intrepid Trinity LLC (#,^) 680 Douglas Ave, Providence, RI 2908 Nonstore Retailers Term Loan Prime plus 2.75% 7/28/2041 57.7 57.7 67.0 0.02 %
EPEC Juice LLC dba Jamba Juice (#,^) 810 Ninth St, Ste 128, Durham, NC 27705 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/27/2026 54.2 54.2 54.5 0.02 %
Pinco Pizza LLC dba Jet's Pizza (#,^) 10845 N. Tatum Blvd Ste A 100, Phoenix, AZ 85028 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/27/2026 47.7 47.7 49.9 0.01 %
JAG Unit 1, LLC dba Arooga's Grille House and Sports Bar (#,^) 1 West Main St, Patchogue, NY 11772 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/27/2026 82.1 82.1 82.7 0.02 %
Robert G Larson State Farm Insurance (#,^) 7922 Jamaica Ave, Woodhaven, NY 11421 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 7/22/2026 14.6 14.6 14.7 — %
My Sainath Inc dba Motel 6 (#,^) 1008 E Crest Drive, Waco, TX 76705 Accommodation Term Loan Prime plus 2.75% 7/22/2041 282.9 282.9 329.6 0.10 %
Robert P Daniels dba Ginger and Friend's Peppermint Village Gift Sho (#,^) 1502 Hwy 157, Mansfield, TX 76063 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 7/18/2026 10.2 10.2 10.3 — %
Franklin Firm LLC dba Luv 2 Play (#,^) 1310 East Stan Schleuter Loop, Killeen, TX 76542 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/15/2041 149.5 149.5 173.6 0.05 %
RM Hawkins LLC dba Pure Water Tech West (#,^) 5140 Topaz Drive, Colorado Springs, CO 80918 Nonstore Retailers Term Loan Prime plus 2.75% 7/7/2026 32.3 32.3 33.7 0.01 %
Nevey's LLC dba Stark Food III (#,^) 6315 W. Fond Du Lac Ave, Milwaukee, WI 53218 Food and Beverage Stores Term Loan Prime plus 2.75% 6/30/2041 271.8 271.8 320.9 0.09 %
Corning Lumber Company Inc and Frank R Close and Son Inc dba Close Pai (#,^) 1314 Sixth St, Orland, CA 95963 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/30/2029 147.5 147.5 159.1 0.05 %
VMA Technologies LLC (#,^) 120 South Serenata Drive Unit 332, Ponte Vedra Beach, FL 32082 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/30/2026 14.3 14.3 14.8 — %
P L H Pharmaco Inc dba Farmacia San Jose (#,^) 149 48th St, Union City, NJ 7087 Health and Personal Care Stores Term Loan Prime plus 2.75% 6/30/2026 106.7 106.7 111.9 0.03 %
Martin Inventory Management LLC (#,^) 304 1/2 Main St, Edgefield, SC 29824 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 6/30/2026 15.8 15.8 16.6 — %
231
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Desert Tacos LLC (#,^) 245 East Bell Rd Ste A-2, Phoenix, AZ 85022 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/30/2026 64.9 64.9 67.9 0.02 %
WGI, LLC dba Williams Grant Inn (#,^) 154 High St, Bristol, RI 2809 Accommodation Term Loan Prime plus 2.75% 6/29/2041 113.3 113.3 133.6 0.04 %
O.D.S. Inc dba Four Seasons Health & Racquet and Step 'N' Motion, Inc (#,^) 626 Delsea Drive N, Glassboro, NJ 8028 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/29/2026 89.8 89.8 93.0 0.03 %
KWG Industries, LLC dba Peterson & Marsh Metal Industries (#,^) 330 Roycefield Rd, Unit B, Hillsborough, NJ 8844 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/29/2041 280.6 280.6 331.0 0.10 %
JumboMarkets Inc dba Rines Jumbomarkets (#,^) 15500 SW Trail Drive, Indiantown, FL 34956 Food and Beverage Stores Term Loan Prime plus 2.75% 6/24/2026 32.0 32.0 33.0 0.01 %
Island Time Investments, LLC dba Swantown Inn Bed & Breakfast (#,^) 1431 11th Ave SE, Olympia, WA 98501 Accommodation Term Loan Prime plus 2.75% 6/24/2041 93.3 93.3 110.0 0.03 %
Shooting Sports Academy LLC and Jetaa LLC dba Shooting Sports Academy (#,^) 27 Main St, Monroe, CT 6468 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/23/2041 459.2 459.2 538.4 0.16 %
Visual Advantage LLC dba Signs Now Perryberg (#,^) 23248 Dunbridge Rd, Perrysburg, OH 43443 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/23/2041 84.1 84.1 98.8 0.03 %
Long Island Comedy LLC dba Governors and New York Comedy, LLC (#,^) 90 A Division Ave, Levittown, NY 11756 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/23/2041 173.5 173.5 204.0 0.06 %
Bagelicious, LLC (#,^) 945 S Main St, Cheshire, CT 6410 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/17/2026 34.9 34.9 36.1 0.01 %
Blue Eagle Transport Inc, Greeneagle Transport Inc and Golden Eagle Tr (#,^) 377 Boston Post Rd, Milford, CT 6460 Couriers and Messengers Term Loan Prime plus 2.75% 6/16/2026 352.9 352.9 364.1 0.11 %
NKJ Lusby Donuts LLC (#,^) 174 Village Center Drive, Lusby, MD 20657 Food and Beverage Stores Term Loan Prime plus 2.75% 6/16/2026 14.4 14.4 14.9 — %
Jai-Alexia Consulting, Inc. (#,^) 14660 Paddock Drive, Wellington, FL 33414 Couriers and Messengers Term Loan Prime plus 2.75% 6/15/2026 7.6 7.6 7.8 — %
Pumpkin Patch Child Care of Southington, LLC and Giuseppe Pugliares (#,^) 1137 West St, Southington, CT 6489 Social Assistance Term Loan Prime plus 2% 6/15/2041 470.9 470.9 521.8 0.15 %
Luv 2 Play AZ LLC (#,^) 15495 Bell Rd, Surprise, AZ 85374 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/10/2026 41.9 41.9 43.9 0.01 %
Refoleen Inc dba Spice and Tea Exchange (#,^) 849 East Commerce St, Ste 121, San Antonio, TX 78205 Food and Beverage Stores Term Loan Prime plus 2.75% 6/10/2026 55.4 55.4 57.1 0.02 %
Larry H. Patterson and Rainbow Movers, Inc (#,^) 2325 Hollers Ave, Bronx, NY 10475 Truck Transportation Term Loan Prime plus 2.75% 6/6/2026 14.4 14.4 14.9 — %
Solvit Inc and Solvit North Inc (#,^) 65 Farmington Valley Drive, Plainville, CT 6062 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/3/2026 158.5 158.5 164.6 0.05 %
AP5 LLC dba Krauser's Food Store (#,^) 5 Pond Point Rd, Milford, CT 6460 Food and Beverage Stores Term Loan Prime plus 2.75% 6/2/2041 178.5 178.5 210.6 0.06 %
ATI Jet Inc (#,^) 7007 Boeing Drive, El Paso, TX 79925 Air Transportation Term Loan Prime plus 2.75% 5/31/2026 370.7 370.7 384.6 0.11 %
Angelo Faia dba AVF Construction (#,^) 55 Arbour Lane, Sewell, NJ 8080 Construction of Buildings Term Loan Prime plus 2.75% 5/27/2041 91.5 91.5 107.6 0.03 %
232
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Premier Athletic Center of Ohio, Inc (#,^) 8957 Kingsridge Drive, Centerville, OH 45459 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 5/27/2026 55.3 55.3 58.0 0.02 %
Jack Frost Firewood Inc. and David Dubinsky (#,^) 3168 Holland Rd, Virginia Beach, VA 23453 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/26/2041 189.7 189.7 222.8 0.07 %
Southwest Division Inc (#,^) 2103 NE 3rd Terrace, Cape Coral, FL 33909 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 5/26/2026 5.2 5.2 5.4 — %
International Kitchen Supply LLC (#,^) 3466 North Hwy 11, West Union, SC 29696 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 5/25/2026 119.9 119.9 124.6 0.04 %
Groth Lumber Co. Inc. dba True Value (#,^) 6747 Pacific Ave, Wright, MN 55798 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/25/2026 14.2 14.2 14.9 — %
Island Life Graphics Inc dba FASTSIGNS #576 (#,^) 1925 S 14th St No. 7, Amelia Island, FL 32034 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 5/24/2026 14.2 14.2 14.7 — %
Powerspec Inc (#,^) 1 Linsley Place, Metuchen, NJ 8840 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/24/2026 55.0 55.0 56.8 0.02 %
Horseshoe Barbecue, LLC (#,^) 6555, 6565, 6575 N. Sandario Rd, Tucson, AZ 85743 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/23/2029 6.8 6.8 7.3 — %
Pro Auto Repair LLC (#,^) 204 F St SW, Quincy, WA 98848 Repair and Maintenance Term Loan Prime plus 2.75% 5/20/2026 4.6 4.6 4.9 — %
National Air Cargo Holdings Inc (#,^) 5955 TG Lee Blvd., Ste 500, Orlando, FL 32822 Air Transportation Term Loan Prime plus 2.75% 5/20/2026 71.5 71.5 75.0 0.02 %
Elderfriend Inc dba Granny Nannies dba GN Live Scan (#,^) 1499 W. Palmetto Park Rd., Ste #115, Boca Raton, FL 33486 Social Assistance Term Loan Prime plus 2.75% 5/20/2026 8.1 8.1 8.3 — %
Dedicated Incorporated (#,^) 2916 North 39th St, Phoenix, AZ 85019 Administrative and Support Services Term Loan Prime plus 2.75% 5/18/2041 42.8 42.8 50.3 0.01 %
J&A Laundromat Inc. (#,^) 225 East Park Ave, Long Beach, NY 11561 Personal and Laundry Services Term Loan Prime plus 2.75% 5/18/2026 42.7 42.7 44.2 0.01 %
HBA LLC dba Palmetto Twist-Vista (#,^) 1225-1229 Lincoln St, Columbia, SC 29201 Repair and Maintenance Term Loan Prime plus 2.75% 5/18/2026 12.3 12.3 12.7 — %
FJN Catering Inc (#,^) 106 Main St, Mineola, NY 11951 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/13/2041 243.1 243.1 286.7 0.08 %
Pumpkin Patch Inc and Christine Feliciano and Antonio Feliciano (#,^) 11 Kirby Rd, Cromwell, CT 6419 Social Assistance Term Loan Prime plus 2.75% 5/12/2041 121.9 121.9 143.2 0.04 %
Sabir Inc. dba Bear Diner (#,^) 603 Pulaski Hwy, Bear, DE 19701 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/11/2041 113.8 113.8 134.1 0.04 %
Keller, Fishback & Jackson LLP (#,^) 28720 Canwood St, Agoura Hills, CA 91301 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/29/2026 80.8 80.8 84.8 0.02 %
Loriet LLC (#,^) 5001 Vivienda Way, Sarasota, FL 34235 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 4/29/2026 4.7 4.7 4.8 — %
Hard Exercise Works Winter Park LLC (#,^) 11551 University Blvd, Ste. 4C Building 1, Orlando, FL 32817 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 4/29/2026 25.4 25.4 26.2 0.01 %
Marc S. Rosenberg P.C. dba Mammuth and Rosenberg (#,^) 401 East City Ave Ste 122, Bala Cynwyd, PA 19004 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 4/29/2026 14.0 14.0 14.5 — %
233
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Warner Home Comfort, LLC dba Smith Piping (#,^) 1571 Canton Rd., NW, Carrollton, OH 44615 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/29/2041 75.7 75.7 89.0 0.03 %
Alpha Omega Trucking LLC (#,^) 14432-52 State Line Rd, Brookings, OR 97415 Truck Transportation Term Loan Prime plus 2.75% 4/29/2041 161.2 161.2 190.2 0.06 %
May-Craft Fiberglass Products Inc (#,^) 96 Hillsboro Rd, Four Oaks, NC 27524 Transportation Equipment Manufacturing Term Loan Prime plus 2.75% 4/29/2041 227.2 227.2 267.9 0.08 %
Empowerschool LLC and Empower Autism Academy, LLC (#,^) 1250 South A. W. Grimes Rd, Round Rock, TX 78665 Social Assistance Term Loan Prime plus 2.75% 4/29/2041 139.4 139.4 164.4 0.05 %
Pecos Inn LLC dba Econo Lodge (#,^) 2207 W Third St, Pecos, TX 79772 Accommodation Term Loan Prime plus 2.75% 4/28/2041 621.9 621.9 732.8 0.22 %
Costume World Inc (#,^) 950 South Federal Hwy, Deerfield Beach, FL 33441 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 4/28/2041 1,153.3 1,153.3 1,360.3 0.40 %
Accent Comfort Services, LLC (#,^) 5035-C West W. T. Harris Blvd, Charlotte, NC 28269 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/26/2026 56.2 56.2 58.0 0.02 %
Automotive Core Recycling, LLC and 828 Old Colony Road, LLC (#,^) 27-29 Cooper St, Meriden, CT 6053 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 4/22/2041 229.5 229.5 268.6 0.08 %
AAA Mill Direct, Inc. dba Carpet Mill Outlets (#,^) 1 North Armistead Ave, Hampton, VA 23669 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 4/21/2026 4.9 4.9 5.2 — %
Sushiya Inc (#,^) 72 South Main St, Hanover, NH 3755 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/12/2026 54.7 54.7 56.7 0.02 %
Waterfalls Quick Lube LLC and Veracruz Shabo LLC (#,^) 1325 BRd St, Central Falls, RI 2863 Repair and Maintenance Term Loan Prime plus 2.75% 4/6/2041 249.9 249.9 294.3 0.09 %
KNS Early Learning Academy LLC (#,^) 57 Merritt St SE, Marietta, GA 30060 Social Assistance Term Loan Prime plus 2.75% 4/6/2041 46.9 46.9 55.0 0.02 %
Christian Soderquist dba Soderquist Plumbing and Heating LLC (#,^) 7 Oak Drive, Sandy Hook, CT 6482 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/31/2041 52.0 52.0 61.3 0.02 %
Vehicle Safety Supply LLC (#,^) 15 East 72nd St, Ste 14-H, New York, NY 10021 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/31/2026 13.9 13.9 14.3 — %
Dana A. Farley dba Independent Cabinets (#,^) 5805 NE Minder Rd, Poulsbo, WA 98370 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 3/31/2041 59.5 59.5 70.2 0.02 %
Cameo Carter, MD A Professional Corporation dba The Garden Pediatric G (#,^) 101 East Redlands Blvd., Ste 106, Redlands, CA 92373 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/31/2026 46.2 46.2 47.6 0.01 %
Men of Steel Enterprises LLC and Vogelbacher Properties LLC (#,^) 2039 US Route 130, Burlington, NJ 8016 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 3/31/2041 360.4 360.4 421.4 0.12 %
MTS Car Service LLC (#,^) 9 Gibson Court Apt# 1, Norwalk, CT 6854 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 3/30/2026 6.5 6.5 6.7 — %
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette’s-West P (#,^) 550 Rosemary Ave, Ste 236, West Palm Beach, FL 33410 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 3/30/2026 57.8 57.8 59.7 0.02 %
Tom Sawyer Country Restaurant LLC and AM 3208 LLC (#,^) 3208 Forest Hills Blvd, Palm Springs, FL 33406 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/30/2041 236.1 236.1 278.4 0.08 %
Wyldewood Cellars, Inc. (#,^) 951 East 119th St, Mulvane, KS 67120 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 3/30/2041 960.1 960.1 1,124.2 0.33 %
234
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
NOSO Development, LLC (#,^) 4 Walker Way, Albany, NY 12205 Construction of Buildings Term Loan Prime plus 2.75% 3/30/2026 120.2 120.2 123.8 0.04 %
Gordon Rogers and Heidi Rogers dba Stone House Motor Inn (#,^) 162 Danielson Pike, Foster, RI 2825 Accommodation Term Loan Prime plus 2.75% 3/30/2026 14.0 14.0 14.7 — %
Barrocas Gym LLC dba Snap Fitness (#,^) 260 West Main St, Avon, CT 6001 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/29/2026 11.6 11.6 12.1 — %
Marathon Engineering Corporation (#,^) 5615 2nd St W, Lehigh Acres, FL 33971 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 3/28/2041 41.2 41.2 48.5 0.01 %
PHCDC1 LLC dba Quarter & Glory and Public House Collective, Corp. (#,^) 2017 14th St NW, Washington, DC 20009 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/28/2026 31.6 31.6 32.8 0.01 %
Revolution Physical Therapy LLC dba Apex Network Physical Therapy (#,^) 2705 Dougherty Ferry Rd Ste 104, St. Louis, MO 63122 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/25/2026 14.0 14.0 14.5 — %
International Construction Inc (#,^) 53955 Gratiot Ave, Chesterfield, MI 48051 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 3/24/2041 43.5 43.5 51.0 0.02 %
ActKnowledge, Inc (#,^) 365 5th Ave, New York, NY 10016 Personal and Laundry Services Term Loan Prime plus 2.75% 3/24/2026 77.0 77.0 80.6 0.02 %
Precious Care LLC and Precious Care Management LLC (#,^) 186-06 Union Turnpike, Fresh Meadows, NY 11364 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/21/2026 342.2 342.2 352.6 0.10 %
Taylors Zinn Enterprises Inc dba Eons Auto Care Inc (#,^) 330 West Harden St, Graham, NC 27253 Repair and Maintenance Term Loan Prime plus 2.75% 3/18/2041 74.0 74.0 87.1 0.03 %
Kekoa Enterprises Inc dba Signarama Sandy (#,^) 8942 South 700 East, Sandy, UT 84070 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/18/2026 30.5 30.5 31.4 0.01 %
Brian T Rice dba BD Logging (#,^) 800 3rd St Apt B, St Marys, WV 26170 Forestry and Logging Term Loan Prime plus 2.75% 3/17/2026 1.1 1.1 1.2 — %
R & D Enterprises Inc dba My Pool Man (#,^) 291 North Texas Ave., Orlando, FL 32805 Administrative and Support Services Term Loan Prime plus 2.75% 3/15/2026 30.8 30.8 31.7 0.01 %
HEWZ, LLC dba Hard Exercise Works (#,^) 5684 West Sample Rd, Coral Springs, FL 33071 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/14/2026 13.8 13.8 14.2 — %
Mustafa Inc and Raouf Properties LLC (#,^) 3538 Pin Oak Dr, San Antonio, TX 78229 Food and Beverage Stores Term Loan Prime plus 2.75% 3/14/2041 68.5 68.5 80.6 0.02 %
Dupre Capital LLC dba Fastsigns (#,^) 215 Quartermaster Court, Jeffersonville, IN 47130 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 3/11/2026 36.0 36.0 37.0 0.01 %
ABCs & 123s Infant and Child Care Center LP (#,^) 13419 Hwy 290E., Bldg 5, Manor, TX 78653 Social Assistance Term Loan Prime plus 2.75% 3/11/2026 6.9 6.9 7.1 — %
Step Up Academy of the Arts LLC (#,^) 2558 Wigwam Pkwy Ste A, Henderson, NV 89074 Educational Services Term Loan Prime plus 2.75% 3/9/2026 4.9 4.9 5.1 — %
Faith Summit Supply Inc dba Summit Supply and Summit True Value (#,^) 8584 US Business Hwy 277, Haskell, TX 79521 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 3/9/2026 13.9 13.9 14.4 — %
Swerve Salon LLC (#,^) 1419 N Wells St, Chicago, IL 60610 Personal and Laundry Services Term Loan Prime plus 2.75% 3/8/2026 48.7 48.7 50.1 0.01 %
J & W Hardwood Flooring Inc (#,^) 14967 Madison St, Brighton, CO 80602 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/7/2026 4.6 4.6 4.8 — %
Labmates LLC and POV Holdings LLC (#,^) 141 Watertown Rd, Thomaston, CT 6787 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 3/4/2041 100.1 100.1 117.8 0.03 %
235
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hueston and Company CPA LLC (#,^) 8792 East State Rd 70, Ste B, Bradenton, FL 34202 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/4/2026 5.0 5.0 5.2 — %
Almost Home Daycare LLC (#,^) 35 Copps Hill Rd, Ridgefield, CT 6877 Social Assistance Term Loan Prime plus 2.75% 3/3/2026 34.5 34.5 36.1 0.01 %
The River Beas, LLC dba Subway and Punam Singh (#,^) 5516 Baltimore Ave, Hyattsville, MD 20781 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2041 124.2 124.2 146.2 0.04 %
Consulting Solutions, Inc. and Mark Luciani (#,^) 3000 N Federal Hwy, STE 1, Fort Lauderdale, FL 33306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/28/2026 7.5 7.5 7.8 — %
Living Essentials HVAC Corp (#,^) 42 West St, Apt 24, Randolph, MA 2368 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/28/2026 9.1 9.1 9.4 — %
Powerpits CS1, LLC dba Pita Pit (#,^) 2008 S Texas Ave, College Station, TX 77840 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2026 1.4 1.4 1.5 — %
Drug Detection Laboratories, Inc. and Minh Tran (#,^) 9700 Business Park Drive, Sacramento, CA 95827 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/28/2026 12.0 12.0 12.4 — %
Aaradhya LLC dba Market Square Laundry (#,^) 7727 Crittenden St, Philadelphia, PA 19118 Personal and Laundry Services Term Loan Prime plus 2.75% 2/23/2026 47.1 47.1 48.5 0.01 %
Blackstones Hairdressing LLC (#,^) 2 Ave of the Americas, New York, NY 10013 Personal and Laundry Services Term Loan Prime plus 2.75% 2/23/2026 31.8 31.8 32.8 0.01 %
R & K Contracting Inc (#,^) 3605 NW 31st Ave, Fort Lauderdale, FL 33309 Specialty Trade Contractors Term Loan Prime plus 2.75% 2/18/2026 9.6 9.6 10.1 — %
Jersey Shore Marina & Boat Sales, Inc. (#,^) 841 Route 70 East, Brick, NJ 8724 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 2/12/2041 572.4 572.4 674.0 0.20 %
Ei3 Corporation (#,^) 136 Summit Ave, Montvale, NJ 7645 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/12/2026 198.7 198.7 207.9 0.06 %
Gilmore Heights Dental Holdings, LTD and Chas Rob LLC (#,^) 2250 Warrensville Center Rd, University Heights, OH 44118 Ambulatory Health Care Services Term Loan Prime plus 2.75% 2/12/2029 227.3 227.3 242.4 0.07 %
B for Blonde, LLC dba Blo Blow Dry Bar (#,^) 142 East 49th St, New York, NY 10017 Personal and Laundry Services Term Loan Prime plus 2.75% 2/12/2026 39.7 39.7 40.9 0.01 %
Base USA, Inc. (#,^) 2215 NW 2nd Ave, Miami, FL 33127 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 2/2/2026 30.4 30.4 31.8 0.01 %
Zouk Ltd dba Palma (#,^) 28 Cornelia St, New York, NY 10014 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/29/2026 13.5 13.5 14.1 — %
SuzyQue's LLC dba SuzyQue's (#,^) 34 South Valley Rd, West Orange, NJ 7052 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/28/2026 13.4 13.4 14.0 — %
Wildflour Bakery & Cafe LLC (#,^) 5137 Clareton Dr., Ste 100, Agoura Hills, CA 91301 Social Assistance Term Loan Prime plus 2.75% 1/28/2026 37.5 37.5 39.3 0.01 %
Tammy Lavertue (#,^) 24 Wakefield St, Rochester, NH 3867 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 1/28/2026 6.7 6.7 7.0 — %
Gendron Funeral and Cremation Services, Inc. (#,^) 135 North Lime Ave, Sarasota, FL 34237 Personal and Laundry Services Term Loan Prime plus 2.75% 1/11/2041 102.8 102.8 121.0 0.04 %
Dolarian Realty LLC and OV's Restaurant Inc (#,^) 34 Old Colony Ave, East Taunton, MA 2718 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/5/2041 61.8 61.8 72.8 0.02 %
Lemonberry Food Stores Inc dba Lemonberry Frozen Yogurt (#,^) 1196 Inverness Lane, Stow, OH 44224 Food and Beverage Stores Term Loan Prime plus 2.75% 12/29/2025 66.6 66.6 68.7 0.02 %
236
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
MCF Forte LLC (#,^) 1245 W Baseline Rd Unit 105, Mesa, AZ 85202 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/29/2025 11.1 11.1 11.4 — %
Panditos LLC dba White Lotus Home (#,^) 431 Raritan Ave, Highland Park, NJ 8904 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 12/28/2025 9.4 9.4 9.7 — %
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch Inc (#,^) 24201 North Hwy 1, Fort Bragg, CA 95437 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/23/2040 93.3 93.3 109.4 0.03 %
800 on the Trax LLC and Matrix Z LLC (#,^) 800 SW 21st Terrace, Fort Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 2.75% 12/23/2040 228.7 228.7 268.0 0.08 %
Premier Athletic Center of Ohio Inc. and Gates Investments and Wade Ga (#,^) 8957 Kingsridge Drive, Centerville, OH 45459 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/22/2028 635.3 635.3 681.1 0.20 %
Joyce Outdoor Advertising Chicago LLC (#,^) 2443 West 16th St, Chicago, IL 60608 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/22/2040 274.3 274.3 321.4 0.09 %
Hattingh Incorporated dba Prosthetic Care Facility (#,^) 4415 Woodridge Pkwy, Ste 180, Leesburg, VA 20176 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/21/2025 10.6 10.6 11.0 — %
Trip Consultants U.S.A. Inc. (#,^) 311 85th St, Brooklyn, NY 11209 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/18/2025 98.4 98.4 101.0 0.03 %
Accent Tag and Label Inc (#,^) 2201 Rittenhouse St, Des Moines, IA 50321 Printing and Related Support Activities Term Loan Prime plus 2.75% 12/18/2040 603.3 603.3 707.4 0.21 %
Labmates LLC (#,^) 141 Watertown Rd, Thomaston, CT 6787 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 12/18/2040 147.9 147.9 173.8 0.05 %
Sourceco Limited Liability Company (#,^) 17 Palmer Ave, West Long Branch, NJ 7764 Merchant Wholesalers, Nondurable Goods Term Loan 6.5% 12/17/2025 24.5 24.5 23.7 0.01 %
Moments to Remember USA LLC dba Retain Loyalty (#,^) 1250 Sanders Ave SW, Massillon, OH 44646 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 12/16/2025 51.3 51.3 53.3 0.02 %
New York Home Health Care Equipment, LLC (#,^) 30 Hopper St, Westbury, NY 11590 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/16/2025 610.4 610.4 637.0 0.19 %
Swalm Street LLC and New York Home Health Care Equipment LLC (#,^) 30 Hopper St, Westbury, NY 11590 Ambulatory Health Care Services Term Loan 7.5% 12/16/2040 363.0 363.0 340.4 0.10 %
Abitino's JFK LLC dba Abitino's (#,^) Terminal 8 JFK ExpressWay Airport, Jamaica, NY 11430 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/16/2022 46.3 46.3 46.5 0.01 %
JAG Unit 1, LLC (#,^) 1 West Main St, Patchogue, NY 11772 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/16/2025 150.1 150.1 154.1 0.05 %
DC Enterprises Ltd. dba Lakeview True Value (#,^) 318 North F St, Lakeview, OR 97630 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 12/14/2025 13.3 13.3 13.9 — %
Basista Family Limited Partnership and UPE, Inc. (#,^) 3401 Brecksville Rd, Richfield, OH 44286 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 12/14/2040 311.6 311.6 365.3 0.11 %
Cares, Inc dba Dumpling Grounds Day Care Center (#,^) 4508 Blakiston St, Philadelphia, PA 19136 Social Assistance Term Loan Prime plus 2.75% 12/10/2025 4.4 4.4 4.6 — %
Custom Exteriors, Inc. (#,^) 2142 Rheem Drive, Ste E, Pleasanton, CA 94588 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/9/2025 59.2 59.2 61.1 0.02 %
Sushiya, Inc. (#,^) 72-74 South Main St, Hanover, NH 3755 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/8/2025 64.3 64.3 66.5 0.02 %
237
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
LC Blvd Holdings LLC and Mt Pleasant Wash & Wax LLC (#,^) 880 Lowcountry Blvd, Mount Pleasant, SC 29464 Repair and Maintenance Term Loan Prime plus 2.75% 12/4/2040 457.4 457.4 536.9 0.16 %
Japp Business Inc dba Pick and Eat and Japp Drink Corp. (#,^) 4179 Broadway, New York, NY 10033 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/30/2025 75.7 75.7 78.3 0.02 %
DWeb Studio, Inc. (#,^) 10800 E. Bethany Drive, Ste 275, Aurora, CO 80014 Educational Services Term Loan Prime plus 2.75% 11/25/2025 6.6 6.6 6.7 — %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC (#,^) 726-740 South Fleming St, Sebastian, FL 32958 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 11/23/2040 738.3 738.3 692.8 0.20 %
Ronny Ramirez RX Corp dba Naturxheal Family Pharmacy (#,^) 3105 107th Ave, Doral, FL 33178 Health and Personal Care Stores Term Loan Prime plus 2.75% 11/20/2025 52.5 52.5 54.1 0.02 %
S.B.B. Enterprises Inc dba Williamston Hardware (#,^) 139 S Putnam St, Williamston, MI 48895 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 11/19/2040 98.5 98.5 114.9 0.03 %
Key Pix Productions Inc. dba Air Bud Entertainment (#,^) 22525 Pacific Coast Hwy, Malibu, CA 90265 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 11/18/2040 499.7 499.7 587.4 0.17 %
Green Life Lawnscapes LLC dba Green Life Lawn Care (#,^) 1820 NE Jensen Beach Blvd, Jensen Beach, FL 34957 Administrative and Support Services Term Loan Prime plus 2.75% 11/6/2025 80.1 80.1 83.6 0.02 %
JumboMarkets Inc dba Rines Jumbomarkets (#,^) 15500 SW Trail Drive, Indiantown, FL 34956 Food and Beverage Stores Term Loan Prime plus 2.75% 11/4/2025 178.6 178.6 186.4 0.05 %
Financial Network Recovery Inc (#,^) 250 E Easy St Ste 1, Simi Valley, CA 93065 Administrative and Support Services Term Loan Prime plus 2.75% 10/26/2025 23.0 23.0 23.6 0.01 %
ADMO Inc dba Mid States Equipment (#,^) 16180 Westwoods Business Park, Ellisville, MO 63021 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 10/8/2025 12.9 12.9 13.3 — %
SCJEN Management Inc dba Bowl of Heaven (#,^) 43958 Pacific Common Blvd, Fremont, CA 94538 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2025 40.8 40.8 41.9 0.01 %
Accent Homes Services LLC dba Benjamin Franklin Plumbing of Kansas Cit (#,^) 7748 Troost Ave, Kansas City, MO 64131 Specialty Trade Contractors Term Loan Prime plus 2.75% 9/30/2028 46.7 46.7 50.1 0.01 %
Binky's Vapes LLC (#,^) 10539 Greenbelt Rd Ste 102, Lanham, MD 20706 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/30/2025 12.7 12.7 13.1 — %
Barub Realty LLC and Barub LLC dba Woodlawn Cabinets (#,^) 1838 Adee Ave, Baychester, NY 10469 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 9/30/2040 129.1 129.1 151.8 0.04 %
R.H. Hummer Jr., Inc. (#,^) 2141 P Ave, Williamsburg, IA 52361 Truck Transportation Term Loan Prime plus 2.75% 9/30/2025 230.8 230.8 240.9 0.07 %
RIM Investments LLC and RIM Architects LLC (#,^) 645 G St Ste 400, Anchorage, AK 99501 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/28/2040 360.7 360.7 422.4 0.12 %
Greensward of Marco Inc. (#,^) 54 Marco Lake Drive, Marco Island, FL 34146 Administrative and Support Services Term Loan Prime plus 2.75% 9/28/2040 79.6 79.6 93.3 0.03 %
Sandlot Ventures LLC and Sandbox Ventures LLC (#,^) 1857A Elmdale Ave, Glenview, IL 60025 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/25/2040 413.0 413.0 482.0 0.14 %
Prestigious LifeCare for Seniors LLC (#,^) 5701 North Pine Island Rd, Tamarac, FL 33321 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/25/2025 5.6 5.6 5.8 — %
238
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Daniel W. Stark dba Mountain Valley Lodge and RV Park (#,^) 223 Hwy 80, Rodeo, NM 88056 Accommodation Term Loan Prime plus 2.75% 9/25/2040 12.2 12.2 14.3 — %
St Lawrence Hotel Corp and Oheka Catering Inc dba Quality Inn (#,^) 10 West Orvis St, Massena, NY 13662 Accommodation Term Loan Prime plus 2.75% 9/24/2040 565.1 565.1 661.5 0.19 %
Finish Strong Inc dba FASTSIGNS St Peters (#,^) 98 North Hillview Drive, St Peters, MO 63376 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 9/23/2025 28.3 28.3 29.0 0.01 %
Sound Manufacturing Inc (#,^) 51 Donnelley Rd, Old Saybrook, CT 6475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/21/2025 28.1 28.1 29.0 0.01 %
IIoka Inc dba New Cloud Networks (#,^) 160 Inverness Drive W Ste 150, Englewood, CO 80112 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/21/2025 378.5 378.5 387.8 0.11 %
Vanderhoof LLC dba Soxfords (#,^) 11 Sellecks Walk, Pound Ridge, NY 10576 Apparel Manufacturing Term Loan Prime plus 2.75% 9/18/2025 8.6 8.6 8.8 — %
MiJoy Inc dba Imo's Pizza (#,^) 215 South Kirkwood Rd, Kirkwood, MO 63122 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/18/2025 4.7 4.7 4.8 — %
Naeem Khan LTD (#,^) 260 West 36h St, New York, NY 10018 Apparel Manufacturing Term Loan Prime plus 2.75% 9/17/2025 70.8 70.8 72.6 0.02 %
FirstVitals Health and Wellness Inc (#,^) 1288 Ala Moana Blvd Ste 27E, Honolulu, HI 96814 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/15/2025 87.6 87.6 89.7 0.03 %
Almost Home Daycare LLC (#,^) 35 Copps Hill Rd, Ridgefield, CT 6877 Social Assistance Term Loan Prime plus 2.75% 9/11/2025 6.4 6.4 6.7 — %
Gardner's Wharf Holdings LLC and Gardner's Wharf Seafood Inc (#,^) 170 Main St, North Kingstown, RI 2852 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 9/8/2040 126.7 126.7 148.7 0.04 %
Empower Autism Academy (#,^) 1250 South A. W. Grimes Rd, Round Rock, TX 78665 Social Assistance Term Loan Prime plus 2.75% 9/4/2040 619.3 619.3 726.8 0.21 %
Elite Institute LLC dba Huntington Learning Center (#,^) 13526 Village Park Drive Ste 214, Orlando, FL 32837 Educational Services Term Loan Prime plus 2.75% 8/28/2025 8.5 8.5 8.7 — %
3000 CSI Property LLC and Consulting Solutions Inc (#,^) 3000 N Federal Hwy, Ste 1, Fort Lauderdale, FL 33306 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/20/2040 127.8 127.8 149.9 0.04 %
God Be Glorified Inc dba GBG Inc (#,^) 40 West. 162nd St, South Holland, IL 60473 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 8/20/2025 29.6 29.6 30.3 0.01 %
GDP Gourmet LLC dba Joe and John's Pizza Restaurant (#,^) 136 New Jersey Ave, Absecon, NJ 8201 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/19/2040 130.9 130.9 153.1 0.05 %
Gold Jet Corp. (#,^) 2472 Broadway, New York, NY 10025 Couriers and Messengers Term Loan Prime plus 2.75% 8/14/2025 39.9 39.9 41.3 0.01 %
SKJ Inc dba Subway (#,^) 401 S Woodlawn Ave, Bloomington, IN 47401 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/13/2025 48.4 48.4 49.7 0.01 %
LP Industries Inc dba Childforms (#,^) 110 Charleston Drive, Mooresville, NC 28117 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 7/29/2025 72.3 72.3 75.2 0.02 %
Beale Street Blues Company-West Palm Beach LLC dba Lafayette's-West Pa (#,^) 550 Rosemary Ave, Ste 236, West Palm Beach, FL 33401 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 7/24/2025 36.4 36.4 37.5 0.01 %
Free Ion Advisors LLC (#,^) 322 Evandale Rd, Scarsdale, NY 10583 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 7/21/2025 35.3 35.3 36.2 0.01 %
Murrayville Donuts, Inc dba Dunkin' Donuts (#,^) 2304 N College Rd, Wilmington, NC 28405 Food and Beverage Stores Term Loan Prime plus 2.75% 7/15/2040 330.7 330.7 385.9 0.11 %
239
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Union 2 LLC dba The Standard (#,^) 1520 Broadway, Fort Myers, FL 33901 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/10/2025 61.1 61.1 63.4 0.02 %
Jonathan E Nichols and Nichols Fire and Security LLC (#,^) 1906 Vanderhorn Drive, Memphis, TN 38134 Administrative and Support Services Term Loan Prime plus 2.75% 6/30/2025 40.6 40.6 42.2 0.01 %
Thrifty Market, Inc. dba Thrifty Foods (#,^) 702 10th St, Wheatland, WY 82201 Food and Beverage Stores Term Loan Prime plus 2.75% 6/30/2030 210.1 210.1 228.6 0.07 %
Summit Beverage Group LLC (#,^) 211 Washington Ave, Marion, VA 24354 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 8/29/2030 219.4 219.4 238.9 0.07 %
SofRep, Inc dba Force 12 Media (#,^) 930 Tahoe Blvd Ste 802-543, Incline Village, NV 89451 Other Information Services Term Loan Prime plus 2.75% 6/26/2025 35.7 35.7 37.0 0.01 %
TJU-DGT Inc dba The Lorenz Cafe (#,^) 714-718 Lorenz Ave, Pittsburgh, PA 15220 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/26/2029 14.8 14.8 16.0 — %
Jihan Inc dba ARCO AM/PM and Diana Inc dba Diana's Recycling (#,^) 13886 Campo Rd, Jamul, CA 91935 Gasoline Stations Term Loan Prime plus 2.75% 6/26/2040 341.3 341.3 401.7 0.12 %
CEM Autobody LLC dba Dawn's Autobody (#,^) 7 Division St, Keyport, NJ 7735 Repair and Maintenance Term Loan Prime plus 2.75% 6/26/2040 121.7 121.7 143.2 0.04 %
E & G Enterprises LLC dba Comfort Keepers (#,^) 220 Middle St, Franklin, VA 23851 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/26/2025 12.1 12.1 12.6 — %
Ohs Auto Body, Inc. dba Ohs Body Shop (#,^) 3560 Hwy 93 South, Kalispell, MT 59901 Repair and Maintenance Term Loan 7.22% 6/25/2040 1,097.8 1,097.8 1,029.7 0.30 %
Wolf Enviro Interests, LLC and Enviromax Services Inc (#,^) 18002 Mueschke Rd, Cypress, TX 77433 Administrative and Support Services Term Loan Prime plus 2.75% 6/25/2040 221.6 221.6 260.3 0.08 %
Evinger PA One, Inc. dba Postal Annex, Falcon (#,^) 7661 McLaughlin Rd, Falcon, CO 80831 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 6/24/2025 12.2 12.2 12.6 — %
RJI Services, Inc. (#,^) 353 E Angeleno Ste G, Burbank, CA 91502 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/23/2025 12.0 12.0 12.4 — %
Real Help LLC dba Real Help Decorative Concrete (#,^) 2221 Broadway St, Buffalo, NY 14212 Administrative and Support Services Term Loan Prime plus 2.75% 6/22/2025 28.7 28.7 29.9 0.01 %
PM Cassidy Enterprises, Inc. dba Junk King (#,^) 960 Matley Lane, Ste 20 & 21, Bldg B, Reno, NV 89502 Waste Management and Remediation Services Term Loan Prime plus 2.75% 6/19/2025 6.8 6.8 7.1 — %
KRN Logistics, LLC and Newsome Trucking, Inc (#) 2262 Hwy 53 W, Jasper, GA 30143 Truck Transportation Term Loan Prime plus 2.75% 6/19/2025 279.4 279.4 290.6 0.09 %
Inverted Healthcare Staffing of Florida LLC dba Interim Healthcare Tra (#,^) 111 N Pompano Beach Blvd., Pompano Beach, FL 33062 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/18/2025 25.2 25.2 26.1 0.01 %
AM PM Properties, LLC and AM PM Willington, LLC (#,^) 1308 Stafford Rd, Storrs Mansfield, CT 6268 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/17/2040 78.0 78.0 91.8 0.03 %
Mirage Plastering Inc and Mpire LLC and Mpire II LLC (#,^) 1802 W Grant Rd Ste 114, Tucson, AZ 85745 Specialty Trade Contractors Term Loan Prime plus 2.75% 6/12/2040 124.6 124.6 146.2 0.04 %
Eldredge Tavern LLC dba Gonyea's Tavern (#,^) 150 Main St, Pascoag, RI 2859 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/8/2040 50.8 50.8 59.8 0.02 %
ViAr Visual Communications, Inc. dba Fastsigns 281701 (#,^) 4721 University Way NE, Seattle, WA 98105 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 6/5/2025 33.5 33.5 34.8 0.01 %
Video Vault & Tanning LLC and Mosaic Salon LLC (#) W7003 Parkview Dr, Ste A & B, Greenville, WI 54942 Rental and Leasing Services Term Loan Prime plus 2.75% 6/4/2040 60.5 60.5 71.3 0.02 %
240
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Medworxs LLC (#,^) 10901 W. Toller Drive, Littleton, CO 80127 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/3/2025 67.6 67.6 70.1 0.02 %
XCESSIVE THROTTLE, INC dba Jake's Roadhouse (#,^) 5980 Lamar St, Arvada, CO 80003 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/29/2025 4.4 4.4 4.5 — %
Villela CPA PL (#,^) 777 Brickell Ave, Ste 500, Miami, FL 33131 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 5/27/2025 4.8 4.8 5.0 — %
Douglas Posey and Sally Watkinson dba Audrey's Farmhouse (#,^) 2188 Brunswyck Rd, Wallkill, NY 12589 Accommodation Term Loan Prime plus 2.75% 5/20/2040 156.1 156.1 183.8 0.05 %
15 McArdle LLC and No Other Impressions Inc (#,^) 15 McArdle St, Rochester, NY 14611 Printing and Related Support Activities Term Loan Prime plus 2.75% 5/15/2040 165.1 165.1 194.3 0.06 %
Guard Dogs MFS LLC (#,^) 9460 Mistwater Close, Roswell, GA 30076 Repair and Maintenance Term Loan Prime plus 2.75% 5/8/2025 33.1 33.1 34.3 0.01 %
South Park Properties LLC and Midlothian Hardware LLC (#,^) 4751 147th St, Midlothian, IL 60445 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 5/6/2040 42.8 42.8 50.4 0.01 %
Matthew Taylor and Landon Farm LLC (#,^) 6103 N Church St, Greensboro, NC 27455 Personal and Laundry Services Term Loan Prime plus 2.75% 5/4/2040 90.1 90.1 105.7 0.03 %
Cares Inc dba Dumpling Grounds Day Care Center (#,^) 4508 Blakiston St, Philadelphia, PA 19136 Social Assistance Term Loan Prime plus 2.75% 5/1/2040 72.6 72.6 85.5 0.03 %
Diamond Solutions LLC (#,^) 7655 E Gelding Drive, Ste B2, Scottsdale, AZ 85260 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 4/21/2025 10.1 10.1 10.5 — %
Giacchino Maritime Consultants Inc (#,^) 5219 Tamiami Court, Cape Coral, FL 33904 Personal and Laundry Services Term Loan Prime plus 2.75% 4/17/2025 11.8 11.8 12.2 — %
Sound Coaching Inc (#,^) 4749 Main St Ste 3, Bridgeport, CT 6606 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 4/14/2025 23.3 23.3 24.1 0.01 %
Faramarz Nikourazm dba Car Clinic Center (#,^) 10707 Shady Trail, Dallas, TX 75220 Repair and Maintenance Term Loan Prime plus 2.75% 4/3/2040 65.7 65.7 77.3 0.02 %
Copper Beech Financial Group LLC (#,^) 1223 North Church St, Moorestown, NJ 8057 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 3/30/2025 64.3 64.3 66.8 0.02 %
Sunset Marine Resort LLC and GoXpeditions LLC and Lavon Gomes and Trac (#,^) 40 Buzzard Ridge Rd, Sequim, WA 98382 Accommodation Term Loan Prime plus 2.75% 3/27/2040 269.2 269.2 316.6 0.09 %
Foresite Realty Partners LLC and Foresite Real Estate Holdings LLC (#,^) 5600 N. River Rd #925, Rosemont, IL 60018 Real Estate Term Loan Prime plus 2.75% 3/27/2025 637.4 637.4 658.8 0.19 %
Shellhorn and Hill Inc dba Total Fleet Service (#,^) 501 South Market St, Wilmington, DE 19801 Nonstore Retailers Term Loan Prime plus 2.75% 3/27/2040 924.3 924.3 1,084.1 0.32 %
Shorr Enterprises Inc dba New Design Furniture Manufacturers (#,^) 3033 NW 28 St, Lauderdale Lakes, FL 33311 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 3/27/2025 54.9 54.9 57.0 0.02 %
Joyce Outdoor Advertising NJ LLC and Joyce Outdoor Advertising LLC (#,^) 800 James Ave, Scranton, PA 18510 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/26/2040 48.2 48.2 56.7 0.02 %
Zero-In Media Inc (#,^) 1123 Broadway Ste 704, New York, NY 10010 Data Processing, Hosting, and Related Services Term Loan Prime plus 2.75% 3/25/2025 11.6 11.6 12.0 — %
241
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Loriet LLC (#,^) 5001 Vivienda Way, Sarasota, FL 34235 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 3/24/2025 6.2 6.2 6.4 — %
Shelton Incorporated dba Mrs. Winners (#,^) 4509 N. Henry Blvd., Stockbridge, GA 30281 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/20/2040 100.4 100.4 118.0 0.03 %
Jaymie Hazard dba Indigo Hair Studio and Day Spa (#,^) 2016 Warwick Ave, Warwick, RI 2889 Personal and Laundry Services Term Loan Prime plus 2.75% 3/20/2040 38.4 38.4 45.1 0.01 %
R & R Security and Investigations Inc dba Pardners Lake Buchanan (#,^) 15615 State Route 29, Buchanan Dam, TX 78609 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/19/2040 76.1 76.1 89.5 0.03 %
MMS Realty, LLC and Molecular MS Diagnostics LLC (#,^) 1224 Greenwich Ave, Warwick, RI 2886 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/18/2040 143.4 143.4 168.4 0.05 %
Royal Crest Motors LLC (#,^) 769 Amesbury Rd, Haverhill, MA 1830 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 3/16/2040 81.4 81.4 95.6 0.03 %
Luigi's on Main LLC and Luigi's Main Street Pizza Inc (#,^) 491 Montauk Hwy, Eastport, NY 11941 Food Services and Drinking Places Term Loan Prime plus 2.75% 3/4/2025 5.8 5.8 6.0 — %
Baystate Firearms and Training, LLC (#) 215 Newbury St, Peabody, MA 1960 Educational Services Term Loan Prime plus 2.75% 2/27/2025 30.3 30.3 31.4 0.01 %
Pace Motor Lines, Inc. (#,^) 1425 Honeyspot Rd Extension, Stratford, CT 6615 Truck Transportation Term Loan Prime plus 2.75% 2/26/2025 33.1 33.1 34.4 0.01 %
Kingseal LLC dba Desoto Health and Rehab Center (#,^) 475 Nursing Home Drive, Arcadia, FL 34266 Nursing and Residential Care Facilities Term Loan Prime plus 2.75% 2/26/2040 1,137.8 1,137.8 1,338.1 0.39 %
Nelson Financial Services LLC (#,^) 20015 N 83rd Place, Scottsdale, AZ 85255 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 2/24/2025 6.3 6.3 6.5 — %
Kiddie Steps 4 You Inc. (#,^) 1700 West 63rd St., Chicago, IL 60636 Social Assistance Term Loan Prime plus 2.75% 2/19/2040 55.1 55.1 64.7 0.02 %
Triangle Trash LLC dba Bin There Dump That (#,^) 188 Northbend Drive, Youngsville, NC 27596 Waste Management and Remediation Services Term Loan Prime plus 2.75% 2/18/2025 37.6 37.6 39.0 0.01 %
Dean 1021 LLC dba Pure Pita (#,^) 106 Central Ave, Westfield, NJ 7090 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/29/2025 44.4 44.4 46.0 0.01 %
Limameno LLC dba Sal's Italian Ristorante (#,^) 861 Yamato Rd, Bay #2, Boca Raton, FL 33431 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/23/2025 41.4 41.4 42.8 0.01 %
Palmabak Inc dba Mami Nora's (#,^) 4614 Capital Blvd, Raleigh, NC 27604 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/22/2025 2.1 2.1 2.2 — %
Jung Design Inc (#,^) 10857 Pine Bluff Drive, Fishers, IN 46037 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 1/20/2022 1.6 1.6 1.6 — %
Grand Blanc Lanes, Inc. and H, H and H, LLC (#,^) 5301 S Saginaw Rd, Flint, MI 48507 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/31/2039 117.8 117.8 138.5 0.04 %
First Prevention and Dialysis Center, LLC (#) 17940 NW 27th Ave, Miami Gardens, FL 33056 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/30/2024 133.9 133.9 138.7 0.04 %
Bowlerama Inc (#,^) 3031 New Castle Ave, New Castle, DE 19720 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 12/24/2039 1,072.3 1,072.3 1,258.8 0.37 %
The Lodin Group LLC and Lodin Health Imaging Inc dba Highlands Breast (#,^) 114-115 Medical Center Ave, Sebring, FL 33870 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/23/2039 473.3 473.3 554.2 0.16 %
Thermoplastic Services Inc and Paragon Plastic Sheet, Inc (#,^) 1700 W 4th St, Dequincy, LA 70633 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 12/23/2039 443.1 443.1 520.1 0.15 %
242
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette Music Ha (#,^) 550 South Rosemary Ave Ste 236, West Palm Beach, FL 33401 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 12/22/2024 91.6 91.6 94.7 0.03 %
MM and M Management Inc dba Pizza Artista (#,^) 5409 Johnston St, Lafayette, LA 70503 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/19/2025 24.1 24.1 24.9 0.01 %
B.S. Ventures LLC dba Dink's Market (#,^) 48649 Hwy 58, Oakridge, OR 97463 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/19/2039 47.6 47.6 55.9 0.02 %
The Jewelers Inc. dba The Jewelers of Las Vegas (#,^) 2400 Western Ave, Las Vegas, NV 89102 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 12/19/2024 605.3 605.3 624.5 0.18 %
Will Zac Management LLC dba Papa John's (#) 2410 West Jefferson St, Ste B, Joliet, IL 60435 Food Services and Drinking Places Term Loan 6.25% 12/19/2024 63.3 63.3 62.1 0.02 %
B & W Towing, LLC and Boychucks Fuel LLC (#,^) 701 Addison Rd, Painted Post, NY 14870 Repair and Maintenance Term Loan Prime plus 2.75% 12/17/2039 140.8 140.8 165.0 0.05 %
Kemmer LLC and Apples Tree Top Liquors LLC (#) 1300 S Jackson St, Salem, IN 47167 Food and Beverage Stores Term Loan Prime plus 2.75% 12/4/2039 122.2 122.2 143.2 0.04 %
Teamnewman Enterprises LLC dba Newmans at 988 and John H. Newman (#,^) 988 Hemlock St, Cannon Beach, OR 97110 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/25/2039 105.0 105.0 123.2 0.04 %
Legacy Estate Planning Inc dba American Casket Enterprises (#,^) 2176 Route 119 North, Greensburg, PA 15601 Personal and Laundry Services Term Loan Prime plus 2.75% 11/21/2024 20.1 20.1 20.8 0.01 %
DC Real LLC and DC Enterprises LTD dba Lakeview True Value (#,^) 318 North F St, Lakeview, OR 97630 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 11/20/2039 106.0 106.0 124.4 0.04 %
Heartland American Properties LLC and Skaggs RV Outlet LLC (#,^) 301 Commerce Drive, Elizabethtown, KY 42701 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 10/31/2039 422.3 422.3 495.4 0.15 %
DNT Storage and Properties LLC (#,^) 38 Old National Pike, West Alexander, PA 15376 Real Estate Term Loan Prime plus 2.75% 10/10/2039 89.7 89.7 105.3 0.03 %
Sound Manufacturing Inc (#,^) 51 Donnelley Rd, Old Saybrook, CT 6475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 10/10/2024 86.9 86.9 89.9 0.03 %
Doctors Express Management of Central Texas LLC (#,^) 3614 SW HK Dodgen Loop, Ste F, Temple, TX 76504 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/8/2024 3.0 3.0 3.2 — %
Smith Spinal Care Center P.C. and James C. Smith (#,^) 1103 Russell Parkway, Warner Robins, GA 31088 Ambulatory Health Care Services Term Loan Prime plus 2.75% 10/8/2039 25.4 25.4 29.8 0.01 %
Michael Rey Jr. and Lynn J. Williams and GIG Petcare dba Hickory (#,^) 900 Alpine Rd, Bridgeville, PA 15017 Personal and Laundry Services Term Loan Prime plus 2.75% 10/3/2039 108.5 108.5 127.4 0.04 %
Sumad LLC dba BrightStar Care of Encinitas (#,^) 680 Fletcher Pkwy, Ste 206, El Cajon, CA 92020 Administrative and Support Services Term Loan Prime plus 2.75% 10/2/2024 25.0 25.0 25.9 0.01 %
Roccos LLC and Sullo Pantalone Inc dba Rocco's (#,^) 79 Beach Rd Units B13 and B14, Vineyard Haven, MA 2568 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/30/2039 225.0 225.0 263.7 0.08 %
Gordon E Rogers dba Stonehouse Motor Inn (#,^) 162 Danielson Pike, Foster, RI 2825 Accommodation Term Loan Prime plus 2.75% 9/26/2039 50.6 50.6 59.3 0.02 %
Andrene's LLC dba Andrene's Caribbean Soul Food Carry Out (#,^) 308 Kennedy St NW, Washington, DC 20011 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/23/2024 12.0 12.0 12.4 — %
243
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Ryan Crick and Pamela J. Crick and Crick Enterprises Inc (#,^) 3390 W. Andrew Johnson Hwy, Greeneville, TN 37743 Repair and Maintenance Term Loan Prime plus 2.75% 9/17/2039 128.1 128.1 150.1 0.04 %
Modern Leather Goods Repair Shop Inc (#,^) 2 West 32nd St, Ste 401, New York, NY 10001 Repair and Maintenance Term Loan Prime plus 2.75% 9/17/2024 26.1 26.1 26.9 0.01 %
Animal Intrusion Prevention Systems Holding Company, LLC (#,^) 3330 N Beach St, Fort Worth, TX 76111 Administrative and Support Services Term Loan Prime plus 2.75% 9/15/2024 140.9 140.9 145.4 0.04 %
Tavern Properties LLC and Wildwood Tavern LLC (#,^) 6480 West Touhy Ave, Niles, IL 60714 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/15/2039 376.9 376.9 441.4 0.13 %
Indy East Smiles Youth Dentistry LLC dba Prime Smile East (#,^) 5430 E. Washington St, Indianapolis, IN 46219 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/11/2024 290.8 290.8 299.3 0.09 %
B&P Diners LLC dba Engine House Restaurant (#,^) 71 Lafayette St,, Salem, MA 1970 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/10/2024 36.9 36.9 38.0 0.01 %
Lamjam LLC Goldsmith Lambros Inc (#) 7137 Little River Turnpike, Annandale, VA 22003 Clothing and Clothing Accessories Stores Term Loan Prime plus 2.75% 8/27/2024 57.7 57.7 59.6 0.02 %
Atlas Auto Body Inc dba Atlas Auto Sales (#,^) 20 Providence St, West Warwick, RI 2893 Repair and Maintenance Term Loan Prime plus 2.75% 8/22/2039 45.2 45.2 53.0 0.02 %
Alpha Preparatory Academy LLC (#,^) 4462 Mink Livsey Rd, Snellville, GA 30039 Social Assistance Term Loan Prime plus 2.75% 8/15/2039 128.0 128.0 150.0 0.04 %
Katie Senior Care LLC dba Home Instead Senior Care (#,^) 222E Eufaula St Ste 220, Norman, OK 73069 Social Assistance Term Loan Prime plus 2.75% 8/15/2024 48.2 48.2 49.6 0.01 %
Hamer Road Auto Salvage, LLC and Scott T. Cook and Nikki J. Cook (#,^) 10463 Hamer Rd, Georgetown, OH 45121 Motor Vehicle and Parts Dealers Term Loan 6% 8/8/2039 121.6 121.6 114.5 0.03 %
Almost Home Property LLC and Almost Home Daycare LLC (#,^) 35 Copps Hill Rd, Ridgefield, CT 6877 Social Assistance Term Loan Prime plus 2.75% 8/7/2039 659.5 659.5 772.7 0.23 %
iFood, Inc. dba Steak N Shake (#,^) 5900 Duraleigh Rd, Raleigh, NC 27612 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/31/2024 174.7 174.7 180.4 0.05 %
575 Columbus Avenue Holding Company, LLC and LA-ZE LLC dba EST EST EST (#,^) 575 Columbus Ave, New Haven, CT 6519 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/30/2039 17.8 17.8 20.9 0.01 %
Honeyspot Investors LLP and Pace Motor Lines Inc (#,^) 1425 Honeyspot Rd Extension, Stratford, CT 6615 Truck Transportation Term Loan Prime plus 2.75% 7/24/2039 131.1 131.1 153.7 0.05 %
Miss Cranston Diner II, LLC and Miss Cranston II Realty LLC (#,^) 15 Stonebridge, Cranston, RI 2921 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/17/2039 85.7 85.7 100.4 0.03 %
AMG Holding, LLC and Stetson Automotive, Inc (#,^) 309 Route 9, Waretown, NJ 8758 Repair and Maintenance Term Loan Prime plus 2.75% 6/30/2039 179.8 179.8 211.2 0.06 %
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP (#,^) 4920 Lincoln Ave Route 53, Lisle, IL 60532 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/30/2024 43.0 43.0 44.4 0.01 %
iFood, Inc. dba Steak N Shake (#,^) 2840 E Millbrook Rd, Raleigh, NC 27604 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/30/2039 550.6 550.6 646.4 0.19 %
244
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Honeyspot Investors LLP and Pace Motor Lines Inc (#,^) 1425 Honeyspot Rd Extension, Stratford, CT 6615 Truck Transportation Term Loan Prime plus 2.75% 6/30/2039 764.5 764.5 898.4 0.26 %
Zinger Hardware and General Merchant Inc (#) 4001 North Lamar Blvd Ste 300, Austin, TX 78756 Building Material and Garden Equipment and Supplies Dealers Term Loan 7.25% 6/26/2024 35.7 35.7 35.1 0.01 %
Nikobella Properties LLC and JPO Inc dba Village Car Wash (#) 1372 South US Route 12, Fox Lake, IL 60020 Repair and Maintenance Term Loan Prime plus 2.75% 6/25/2039 444.1 444.1 520.7 0.15 %
Big Sky Plaza LLC and Strickland, Incorporated dba Livingston True Val (#,^) 1313 West Park St #1, Livingston, MT 59047 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 2.75% 6/20/2039 203.9 203.9 239.1 0.07 %
Sico & Walsh Insurance Agency Inc and The AMS Trust (#) 106 Concord Ave, Belmont, MA 2478 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 6/6/2039 80.9 80.9 94.9 0.03 %
Sujata Inc dba Stop N Save Food Mart and Dhruvesh Patel (#,^) 15637 St Clair Ave, Cleveland, OH 44110 Food and Beverage Stores Term Loan Prime plus 2.75% 6/3/2024 7.2 7.2 7.4 — %
Long Island Barber Institute Inc (#,^) 266 Greenwich St, Hempstead, NY 11550 Educational Services Term Loan Prime plus 2.75% 6/2/2039 48.5 48.5 56.8 0.02 %
Pocono Coated Products, LLC (#,^) 100 Sweetree St, Cherryville, NC 28021 Printing and Related Support Activities Term Loan Prime plus 2.75% 5/30/2024 9.6 9.6 9.9 — %
Jonesboro Health Food Center LLC (#,^) 1321 Stone St, Jonesboro, AR 72401 Health and Personal Care Stores Term Loan Prime plus 2.75% 5/27/2024 26.9 26.9 27.7 0.01 %
The River Beas LLC and Punam Singh (#,^) 11704 Centurion Way, Potomac, MD 20854 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/8/2039 78.7 78.7 92.2 0.03 %
AS Boyals LLC dba Towne Liquors (#,^) 117 South BRd St, Woodbury City, NJ 8096 Food and Beverage Stores Term Loan Prime plus 2.75% 4/29/2039 94.6 94.6 111.0 0.03 %
Gerami Realty, LC Sherrill Universal City Corral, LP dba Golden (#,^) 2301 Pat Booker Rd, Universal City, TX 78148 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/23/2027 48.7 48.7 51.7 0.02 %
Complete Body & Paint, Inc. (#,^) 32220 Michigan Ave, Wayne, MI 48184 Repair and Maintenance Term Loan Prime plus 2.75% 4/23/2039 18.1 18.1 21.2 0.01 %
Island Wide Realty LLC and Long Island Partners, Inc. dba Realty Execu (#,^) 201-203-205 West Merrick Rd, Valley Stream, NY 11580 Real Estate Term Loan Prime plus 2.75% 4/22/2039 90.1 90.1 105.7 0.03 %
Wilshire Media Systems Inc (#,^) 2649 Townsgate Rd. Ste 500, Westlake Village, CA 91361 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/17/2024 75.8 75.8 78.2 0.02 %
1899 Tavern & Tap LLC and Ale House Tavern & Tap LLC (#,^) 1899 State Route 35, South Amboy, NJ 8879 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/9/2039 97.4 97.4 114.3 0.03 %
Little People's Village II LLC and Iliopoulos Realty LLC (#,^) 6522 Haverford Ave, Philadelphia, PA 19151 Social Assistance Term Loan Prime plus 2.75% 3/31/2039 80.3 80.3 94.1 0.03 %
Hodges Properties LLC and Echelon Enterprises Inc dba Treads Bicycle (#,^) 16701 E. Iliff Ave, Aurora, CO 80013 Sporting Goods, Hobby, Musical Instrument, and Book Stores Term Loan Prime plus 2.75% 3/31/2039 389.4 389.4 456.7 0.13 %
Kemmer, LLC and Pitts Package Store, Inc. (#,^) 201 S. Main St, Salem, IN 47167 Food and Beverage Stores Term Loan Prime plus 2.75% 3/31/2039 101.5 101.5 118.9 0.04 %
245
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Little People's Village II LLC and Iliopoulos Realty LLC (#,^) 6522 Haverford Ave, Philadelphia, PA 19151 Social Assistance Term Loan Prime plus 2.75% 3/31/2039 88.5 88.5 103.8 0.03 %
Eagle Aggregate Transportation, LLC and Eagle Pneumatic Transport LLC (#,^) 4401 N I-35 #113, Denton, TX 76207 Truck Transportation Term Loan Prime plus 2.75% 3/31/2024 305.8 305.8 314.9 0.09 %
636 South Center Holdings, LLC and New Mansfield Brass and Aluminum Co (#) 636 South Center St, New Washington, OH 44854 Primary Metal Manufacturing Term Loan Prime plus 2.75% 3/20/2039 68.1 68.1 79.8 0.02 %
Cormac Enterprises and Wyoming Valley Beverage Incorporated (#,^) 63 S Wyoming Ave, Edwardsville, PA 18704 Food and Beverage Stores Term Loan Prime plus 2.75% 3/20/2039 96.0 96.0 112.4 0.03 %
Kinisi, Inc. dba The River North UPS Store (#,^) 301 West Grand Ave, Chicago, IL 60654 Administrative and Support Services Term Loan Prime plus 2.75% 3/18/2024 3.2 3.2 3.3 — %
R & R Boyal LLC dba Cap N Cat Clam Bar and Little Ease Tavern (#,^) 3111 and 3135 Delsea Drive, Franklinville, NJ 8322 Food and Beverage Stores Term Loan Prime plus 2.75% 2/28/2039 361.3 361.3 422.9 0.12 %
Summit Beverage Group LLC (#,^) 211 Washington Ave, Marion, VA 24354 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 2/28/2024 139.3 139.3 143.5 0.04 %
Faith Memorial Chapel LLC (#,^) 600 9th Ave North, Bessemer, AL 35020 Personal and Laundry Services Term Loan Prime plus 2.75% 2/28/2039 185.3 185.3 216.9 0.06 %
952 Boston Post Road Realty, LLC and HNA LLC dba Styles International (#,^) 952 Boston Post Rd, Milford, CT 6460 Personal and Laundry Services Term Loan Prime plus 2.75% 2/28/2039 179.0 179.0 209.5 0.06 %
96 Mill Street LLC, Central Pizza LLC and Jason Bikakis George Bikaki (#,^) 96 Mill St, Berlin, CT 6037 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/12/2039 122.0 122.0 142.9 0.04 %
JWB Industries, Inc. dba Carteret Die Casting (#,^) 74 Veronica Ave, Somerset, NJ 8875 Primary Metal Manufacturing Term Loan Prime plus 2.75% 2/11/2024 111.2 111.2 114.5 0.03 %
986 Dixwell Avenue Holding Company, LLC and Mughali Foods, LLC (#,^) 986 Dixwell Ave, Hamden, CT 6510 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/7/2039 86.1 86.1 100.8 0.03 %
Sarah Sibadan dba Sibadan Agency (#,^) 102-05 101st Ave, Ozone Park, NY 11416 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 1/27/2039 111.6 111.6 130.7 0.04 %
Icore Enterprises Inc dba Air Flow Filters Inc (#,^) 151 W 24th St, Hialeah, FL 33010 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 1/15/2024 8.4 8.4 8.7 — %
Nutmeg North Associates LLC Steeltech Building Products Inc (#,^) 636 Nutmeg Rd North, South Windsor, CT 6074 Construction of Buildings Term Loan Prime plus 2.75% 12/31/2038 788.2 788.2 922.3 0.27 %
Amboy Woodbridge Realty LLC and United Premium Foods LLC (#) One Amboy Ave, Woodbridge, NJ 7095 Food Manufacturing Term Loan 6% 6/14/2024 1,813.7 1,813.7 1,782.3 0.53 %
KK International Trading Corporation (#,^) 219 Lafayette Drive, Syosset, NY 11791 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 12/23/2028 124.8 124.8 134.4 0.04 %
Kurtis Sniezek dba Wolfe's Foreign Auto (#,^) 712 5th St, New Brighton, PA 15066 Repair and Maintenance Term Loan Prime plus 2.75% 12/20/2038 76.5 76.5 89.4 0.03 %
TAK Properties LLC and Kinderland Inc (#,^) 1157 Commerce Ave, Longview, WA 98632 Social Assistance Term Loan Prime plus 2.75% 12/18/2038 348.5 348.5 407.1 0.12 %
246
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
920 CHR Realty LLC V. Garofalo Carting Inc (#,^) 920 Crooked Hill, Brentwood, NY 11717 Waste Management and Remediation Services Term Loan Prime plus 2.75% 12/10/2038 359.7 359.7 420.3 0.12 %
DKB Transport Corp (#,^) 555 Water Works Rd, Old Bridge, NJ 8857 Truck Transportation Term Loan Prime plus 2.75% 12/5/2038 119.5 119.5 139.6 0.04 %
Firm Foundations Inc David S Gaitan Jr and Christopher K Daigle (#,^) 1455 S Richland Creek Rd, Sugar HIll, GA 30518 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/3/2038 89.5 89.5 104.5 0.03 %
Spectrum Development LLC and Solvit Inc & Solvit North, Inc (#,^) 65 Farmington Valley Drive, Plainville, CT 6062 Specialty Trade Contractors Term Loan Prime plus 2.75% 12/2/2023 142.1 142.1 145.9 0.04 %
BVIP Limousine Service LTD (#,^) 887 W Liberty, Medina, OH 44256 Transit and Ground Passenger Transportation Term Loan Prime plus 2.75% 11/27/2038 65.8 65.8 76.8 0.02 %
AcuCall LLC (#,^) 824 U.S Hwy 1, Ste 335, North Palm Beach, FL 33408 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 11/21/2023 5.8 5.8 6.0 — %
Kids in Motion of Springfield LLC dba The Little Gym of Springfield IL (#,^) 3039-3043 Hedley, Springfield, IL 62704 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 11/18/2023 16.7 16.7 17.1 0.01 %
Polpo Realty, LLC Polpo Restaurant, LLC (#,^) 554 Old Post Rd #3, Greenwich, CT 6830 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/6/2038 54.8 54.8 64.0 0.02 %
Mid-Land Sheet Metal Inc (#,^) 125 E Fesler St, Santa Maria, CA 93454 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/31/2038 117.8 117.8 137.6 0.04 %
1 North Restaurant Corp dba 1 North Steakhouse (#,^) 322 W. Montauk Hwy, Hampton Bays, NY 11946 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/31/2038 180.2 180.2 210.6 0.06 %
Master CNC Inc & Master Properties LLC (#,^) 11825 29 Mile Rd, Washington, MI 48095 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 10/31/2038 511.0 511.0 596.7 0.18 %
Janice B. McShan and The Metropolitan Day School, LLC (#,^) 2817 Lomb Ave, Birmingham, AL 35208 Social Assistance Term Loan Prime plus 2.75% 10/31/2023 15.6 15.6 16.0 — %
Greenbrier Technical Services, Inc (#,^) 407 E. Edgar Ave, Ronceverte, WV 24970 Repair and Maintenance Term Loan Prime plus 2.75% 10/24/2023 44.7 44.7 45.9 0.01 %
Clairvoyant Realty Corp. and Napoli Marble & Granite Design, Ltd (#,^) 77 Mill Rd, Freeport, NY 11520 Specialty Trade Contractors Term Loan Prime plus 2.75% 10/24/2038 126.9 126.9 148.3 0.04 %
Discount Wheel and Tire of Broken Bow Inc (#,^) 1202 S Park Drive, Broken Bow, OK 74728 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 9/30/2038 191.0 191.0 223.1 0.07 %
Lenoir Business Partners LLC LP Industries, Inc dba Childforms (#,^) 2040 Norwood, Lenoir, NC 28645 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 9/30/2038 254.0 254.0 296.8 0.09 %
LP Industries, Inc dba Childforms (#,^) 110 Charleston Drive, Ste 105-107, Morresville, NC 28117 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 9/30/2038 103.5 103.5 121.0 0.04 %
Cencon Properties LLC and Central Connecticut Warehousing Company, In (#,^) 37 Commons Court, Waterbury, CT 6704 Warehousing and Storage Term Loan Prime plus 2.75% 9/30/2038 294.6 294.6 344.2 0.10 %
Mitchellville Family Dentistry, Dr. Octavia Simkins-Wiseman DDS PC (#,^) 12150 Annapolis Rd, Ste 301, Glenn Dale, MD 20769 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/27/2038 286.0 286.0 334.2 0.10 %
Anthony C Dinoto and Susan S P Dinoto and Anthony C Dinoto Funeral Ho (#,^) 17 Pearl St, Mystic, CT 6355 Personal and Laundry Services Term Loan Prime plus 2.75% 9/26/2038 85.4 85.4 99.6 0.03 %
247
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Eastside Soccer Dome, Inc . (#,^) 11919 S Ave O, Chicago, IL 60617 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/26/2038 395.9 395.9 461.8 0.14 %
Southeast Chicago Soccer, Inc. (#,^) 10232 S Ave N, Chicago, IL 60617 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/26/2038 43.7 43.7 51.0 0.02 %
Kiddie Steps 4 You Inc. (#,^) 1700 West 63rd St., Chicago, IL 60636 Social Assistance Term Loan Prime plus 2.75% 9/25/2038 77.5 77.5 90.4 0.03 %
Diamond Memorials Incorporated (#,^) 800 BRd St, Clifton, NJ 7013 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 9/25/2023 0.9 0.9 1.0 — %
Faith Memorial Chapel LLC (#,^) 600 9th Ave North, Bessemer, AL 35020 Personal and Laundry Services Term Loan Prime plus 2.75% 9/20/2038 228.9 228.9 266.9 0.08 %
Serious-Fun in Alpharetta, LLC dba The Little Gym of Alpharetta (#,^) 11585 Jones Bridge Rd, Ste 4G, Johns Creek, GA 30022 Educational Services Term Loan Prime plus 2.75% 9/20/2023 16.3 16.3 16.7 — %
Maynard Enterprises Inc dba Fastsigns of Texarkana (#,^) 3735 Mall Drive, Texarkana, TX 75501 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 9/18/2023 5.7 5.7 5.8 — %
Grafio Inc dba Omega Learning Center-Acworth (#,^) 5330 Brookstone Drive, Ste 320, Acworth, GA 30101 Educational Services Term Loan Prime plus 2.75% 9/13/2023 58.1 58.1 59.5 0.02 %
The Berlerro Group, LLC dba Sky Zone (#,^) 111 Rodeo Drive, Edgewood, NY 11717 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 9/12/2023 162.7 162.7 166.7 0.05 %
Sound Manufacturing Inc (#,^) 51 Donnelley Rd, Old Saybrook, CT 6475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 9/12/2028 34.9 34.9 37.5 0.01 %
Prospect Kids Academy Inc (#,^) 532 St Johns Place, Brooklyn, NY 11238 Educational Services Term Loan Prime plus 2.75% 9/11/2038 106.1 106.1 123.7 0.04 %
B for Brunette dba Blo (#,^) 50 Glen Cove Rd, Greenvale, NY 11548 Personal and Laundry Services Term Loan Prime plus 2.75% 9/10/2023 20.5 20.5 21.0 0.01 %
Schmaltz Holdings, LLC and Schmaltz Operations, LLC dba Companio (#,^) 3408 Castle Rock Farm Rd, Pittsboro, NC 27312 Personal and Laundry Services Term Loan Prime plus 2.75% 9/4/2038 190.2 190.2 221.7 0.07 %
ACI Northwest Inc. (#,^) 6600 N Government Way, Coeur D Alene, ID 83815 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 8/30/2023 183.9 183.9 188.5 0.06 %
Gulfport Academy Child Care and Learning Center, Inc. and Jennifer Sis (#,^) 15150 Evans St, Gulfport, MS 39503 Social Assistance Term Loan Prime plus 2.75% 8/30/2023 14.7 14.7 15.1 — %
IlOKA Inc dba Microtech Tel and NewCloud Networks (#,^) 160 Inverness Dr W Ste 100, Englewood, CO 80112 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 8/30/2023 221.3 221.3 226.7 0.07 %
Ramard Inc and Advanced Health Sciences Inc (#,^) 4561 Ironworks Pike, Ste 161, Lexington, KY 40511 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 8/28/2023 63.9 63.9 65.4 0.02 %
RM Hawkins LLC dba Pure Water Tech West and Robert M Hawkins (#,^) 1815 De Paul St, Colorado Springs, CO 80909 Nonstore Retailers Term Loan Prime plus 2.75% 8/26/2023 27.2 27.2 27.9 0.01 %
JSIL LLC dba Blackstones Hairdressing (#,^) 19 East 7th St, New York, NY 10003 Personal and Laundry Services Term Loan Prime plus 2.75% 8/16/2023 6.6 6.6 6.7 — %
Caribbean Concepts, Inc. dba Quick Bleach (#,^) 120 East 56th St, St.#730, New York, NY 10022 Ambulatory Health Care Services Term Loan Prime plus 2.75% 8/12/2023 7.6 7.6 7.8 — %
Daniel W and Erin H Gordon and Silver Lining Stables CT, LLC (#,^) 38 Carmen Lane, Monroe, CT 6468 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 7/24/2023 3.9 3.9 4.0 — %
Harbor Ventilation Inc and Estes Investment, LLC (#,^) 509 East Park St., Livingston, MT 59047 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/19/2038 2.0 2.0 2.3 — %
248
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Angkor Restaurant Inc (#,^) 10 Traverse St, Providence, RI 2903 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/19/2038 79.0 79.0 92.1 0.03 %
Tri County Heating and Cooling Inc. (#,^) 509 East Park St., Livingston, MT 59047 Specialty Trade Contractors Term Loan Prime plus 2.75% 7/19/2023 29.0 29.0 29.7 0.01 %
Morning Star Trucking LLC and Morning Star Equipment and Leasing LLC (#,^) 1 Poppy Ave, Neptune, NJ 7753 Truck Transportation Term Loan Prime plus 2.75% 7/17/2023 17.8 17.8 18.2 0.01 %
GIA Realty LLC and VRAJ GIA LLC dba Lakeview Laundromat (#,^) 411 Sharp St, Millville, NJ 8332 Personal and Laundry Services Term Loan Prime plus 2.75% 6/28/2038 82.4 82.4 96.2 0.03 %
Maxiflex LLC (#,^) 512 Verret St, New Orleans, LA 70114 Miscellaneous Manufacturing Term Loan Prime plus 2.75% 6/28/2023 14.3 14.3 14.7 — %
2161 Highway 6 Trail, LLC, R. H. Hummer JR., Inc. (#,^) 2141 P Ave, Williamsburg, IA 52361 Truck Transportation Term Loan Prime plus 2.75% 6/19/2026 352.6 352.6 371.3 0.11 %
Blakeslee Arpaia Chapman, Inc. dba Blakeslee Industrial Services (#,^) 200 North Branford Rd, Branford, CT 6405 Heavy and Civil Engineering Construction Term Loan Prime plus 2.75% 6/18/2028 546.5 546.5 586.2 0.17 %
KDP LLC and KDP Investment Advisors, Inc and KDP Asset Management, Inc (#,^) 24 Elm St, Montpelier, VT 5602 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 6/14/2023 110.4 110.4 112.9 0.03 %
Elite Structures Inc (#,^) 401 Old Quitman Rd, Adel, GA 31620 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 6/12/2038 735.7 735.7 857.2 0.25 %
Absolute Desire LLC and Mark H. Szierer Sophisticated Smile (#,^) 85 Reaville Ave, Flemington, NJ 8822 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/5/2038 159.4 159.4 185.7 0.05 %
Gregory P Jellenek OD and Associates PC dba Gregory P Jellenek OD and (#,^) 4640 Monticello Ave, Ste 8A, Williamsburg, VA 23188 Ambulatory Health Care Services Term Loan Prime plus 2.75% 5/28/2023 19.3 19.3 19.8 0.01 %
Ryan D. Thornton and Thornton & Associates LLC (#,^) 800 Bethel St, Ste 200, Honolulu, HI 96813 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 5/24/2023 15.6 15.6 15.9 — %
Peanut Butter & Co., Inc. (#,^) 250 West 54th St, New York, NY 10019 Food Manufacturing Term Loan Prime plus 2.75% 4/30/2023 30.0 30.0 30.7 0.01 %
1258 Hartford TPKE, LLC and Phelps and Sons, Inc (#,^) 1258 Hartford Turnpike, Vernon, CT 6066 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 3/29/2038 104.7 104.7 122.0 0.04 %
Xela Pack, Inc. and Aliseo and Catherine Gentile (#,^) 8300 Boettner Rd, Saline, MI 48176 Paper Manufacturing Term Loan Prime plus 2.75% 3/27/2028 174.5 174.5 186.7 0.06 %
A & M Commerce, Inc. dba Cranberry Sunoco (#,^) 398 Baltimore Blvd, Westminster, MD 21157 Gasoline Stations Term Loan Prime plus 2.75% 3/27/2038 273.4 273.4 318.0 0.09 %
American Diagnostic Imaging, Inc. dba St. Joseph Imaging Center (#,^) 3937 Sherman Ave, Saint Joseph, MO 64506 Ambulatory Health Care Services Term Loan Prime plus 2.75% 3/25/2038 455.5 455.5 529.7 0.16 %
Michael A.and HeatherR. Welsch dba Art & FrameEtc. (#,^) 2819 West T C Jester Blvd., Houston, TX 77018 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 3/22/2038 56.7 56.7 66.0 0.02 %
Truth Technologies Inc dba Truth Technologies Inc. (#,^) 2341 Cheshire Lane, Naples, FL 34109 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/21/2023 25.2 25.2 25.7 0.01 %
Sound Manufacturing, Inc. and Monster Power Equipment Inc. (#,^) 51 Donnelley Rd, Old Saybrook, CT 6475 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 3/15/2023 140.6 140.6 143.5 0.04 %
249
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Bakhtar Group LLC dba Malmaison (#,^) 3401 K St NW, Washington, DC 20007 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/28/2023 27.0 27.0 27.5 0.01 %
Osceola River Mill, LLC Ironman Machine, Inc. (#,^) 27 Hungerford St, Pittsfield, MA 1201 Machinery Manufacturing Term Loan Prime plus 2.75% 2/20/2038 72.3 72.3 84.0 0.02 %
Retain Loyalty LLC (#,^) 1250 Sanders Ave SW, Massillon, OH 44647 Printing and Related Support Activities Term Loan Prime plus 2.75% 2/15/2038 93.7 93.7 109.0 0.03 %
Sherill Universal City dba Golden Corral LP (#,^) 2301 Pat Booker Rd, Universal City, TX 78148 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/28/2038 372.8 372.8 433.6 0.13 %
Macho LLC Madelaine Chocolate Novelties Inc dba The Madelai (#,^) 96-03 Beach Channel Drive, Rockaway Beach, NY 11693 Food Manufacturing Term Loan Prime plus 2.75% 12/31/2037 418.9 418.9 487.3 0.14 %
Babie Bunnie Enterprises Inc dba Triangle Mothercare (#,^) 8516 Swarthmore Drive, Raleigh, NC 27615 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/28/2027 24.8 24.8 26.4 0.01 %
Polpo Realty LLC & Polpo Restaurant LLC dba Polpo Restauran (#,^) 554 Old Post Rd #3, Greenwich, CT 6830 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/27/2037 442.4 442.4 513.6 0.15 %
Daniel Gordon and Erin Gordon and Silver Lining Stables CT, LLC (#,^) 38 Carmen Lane, Monroe, CT 6468 Support Activities for Agriculture and Forestry Term Loan Prime plus 2.75% 11/28/2037 190.2 190.2 220.8 0.07 %
D&L Rescources, Inc. dba The UPS Store (#,^) 8958 W State Rd # 84, Davie, FL 33324 Miscellaneous Store Retailers Term Loan Prime plus 2.75% 11/27/2022 2.5 2.5 2.5 — %
Richmond Hill Mini Market, LLC (#,^) 101 Richmond Hill Ave, Stamford, CT 6902 Food and Beverage Stores Term Loan Prime plus 2.75% 11/27/2037 153.8 153.8 178.5 0.05 %
DRV Enterprise, Inc. dba Cici's Pizza # 339 (#,^) 5771 East Fowler Ave, Temple Terrace, FL 33617 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/26/2022 15.2 15.2 15.5 — %
U & A Food and Fuel, Inc. dba Express Gas & Food Mart (#,^) 1345 Wampanoag Trail, East Providence, RI 2915 Gasoline Stations Term Loan Prime plus 2.75% 11/21/2037 80.0 80.0 92.9 0.03 %
R & J Petroleum LLC Manar USA, Inc. (#,^) 305 Quincy Shore Drive, Quincy, MA 2107 Gasoline Stations Term Loan Prime plus 2.75% 11/20/2037 149.6 149.6 173.7 0.05 %
St Judes Physical Therapy P.C. (#,^) 7712 Fourth Ave, Brooklyn, NY 11209 Ambulatory Health Care Services Term Loan Prime plus 2.75% 11/19/2022 5.2 5.2 5.3 — %
Hi-Def Imaging, Inc. dba SpeedPro Imaging (#,^) 3580 Progress Drive, Unit Q, Bensalem, PA 19020 Printing and Related Support Activities Term Loan Prime plus 2.75% 11/9/2022 5.6 5.6 5.7 — %
Reidville Hydraulics Mfg Inc dba Summit (#,^) 175 Industrial Lane, Torrington, CT 6790 Machinery Manufacturing Term Loan Prime plus 2.75% 11/2/2037 219.0 219.0 254.1 0.07 %
University Park Retreat, LLC dba Massage Heights (#,^) 5275 University Parkway # 110, Bradenton, FL 34201 Personal and Laundry Services Term Loan Prime plus 2.75% 9/27/2022 20.0 20.0 20.3 0.01 %
O'Rourkes Diner LLC dba O'Rourke's Diner (#,^) 728 Main St, Middletown, CT 6457 Food Services and Drinking Places Term Loan Prime plus 2.75% 9/19/2037 54.6 54.6 63.3 0.02 %
AJK Enterprise LLC dba AJK Enterprise LLC (#) 1901 Naylor Rd, SE, Washington, DC 20020 Truck Transportation Term Loan Prime plus 2.75% 8/27/2022 3.5 3.5 3.6 — %
Suncoast Aluminum Furniture, Inc (#,^) 6291 Thomas Rd, Fort Myers, FL 33912 Furniture and Related Product Manufacturing Term Loan Prime plus 2.75% 8/17/2037 297.3 297.3 344.5 0.10 %
Hofgard & Co., Inc. dba HofgardBenefits (#,^) 400 S McCaslin Blvd Ste 201, Louisville, CO 80027 Insurance Carriers and Related Activities Term Loan Prime plus 2.75% 7/27/2022 22.6 22.6 23.0 0.01 %
Central Tire, Inc. dba Cooper Tire & Auto Services (#,^) 1111 S Tillotson Ave, Muncie, IN 47304 Repair and Maintenance Term Loan Prime plus 2.75% 6/29/2037 236.1 236.1 273.7 0.08 %
250
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
KIND-ER-ZZ Inc dba Kidville (#,^) 30 Maple St, Summit, NJ 7901 Educational Services Term Loan Prime plus 2.75% 6/15/2022 9.9 9.9 10.1 — %
Graphish Studio, Inc. and Scott Fishoff (#,^) 231 Main St, Stanford, CT 6901 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 6/14/2022 3.9 3.9 4.0 — %
ALF, LLC Mulit-Service Eagle Tires (#,^) 1985 B St, Colorado Springs, CO 80906 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 5/31/2037 51.3 51.3 59.3 0.02 %
Tracey Vita-Morris dba Tracey Vita's School of Dance (#,^) 4181 9th Ave West, Bradenton, FL 34025 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 5/10/2022 4.3 4.3 4.3 — %
Tanner Optical, Inc. dba Murphy Eye Care (#,^) 305 Shirley Ave, Douglas, GA 31533 Ambulatory Health Care Services Term Loan Prime plus 2.75% 4/27/2022 1.4 1.4 1.5 — %
Access Staffing, LLC (#,^) 360 Lexington Ave, 8th Floor, New York, NY 10017 Administrative and Support Services Term Loan Prime plus 2.75% 3/30/2022 38.5 38.5 39.0 0.01 %
Manuel P. Barrera and Accura Electrical Contractor, Inc. (#,^) 6187 NW 167th St Unit H3, Miami, FL 33015 Specialty Trade Contractors Term Loan Prime plus 2.75% 3/23/2028 60.2 60.2 64.4 0.02 %
Shweiki Media, Inc. dba Study Breaks Magazine (#,^) 4954 Space Center Drive, San Antonio, TX 78218 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 3/22/2027 660.6 660.6 700.6 0.21 %
ATI Jet, Inc. (#) 7007 Boeing Drive, El Paso, TX 79925 Air Transportation Term Loan Prime plus 2.75% 12/28/2026 292.3 292.3 309.3 0.09 %
J. Kinderman & Sons, Inc. dba Brite Star Manufacturing Company (#,^) 2900 South 20th St, Philadelphia, PA 19145 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 12/22/2036 136.4 136.4 157.3 0.05 %
K's Salon, LLC d/b/a K's Salon (#,^) 162 West 84th St, New York, NY 10024 Personal and Laundry Services Term Loan Prime plus 2.75% 12/20/2021 10.1 10.1 10.2 — %
K9 Bytes, Inc & Epazz, Inc dba K9 Bytes, Inc (#) 325 N. Milwaukee Ave, Ste G1, Wheeling, IL 60090 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 10/26/2021 11.8 11.8 11.9 — %
28 Cornelia Street Properties, LLC and Zouk, Ltd.dba Palma (#,^) 28-28 1/2 Cornelia St, New York, NY 10014 Food Services and Drinking Places Term Loan Prime plus 2.75% 10/25/2021 2.4 2.4 2.4 — %
39581 Garfield, LLC and Tricounty Neurological Associates, P.C. (#,^) 39581 Garfield Rd, Clinton Township, MI 48038 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/30/2036 21.9 21.9 25.2 0.01 %
Robert E. Caves, Sr. and American Plank dba Caves Enterprises (#,^) 40515 Pumpkin Center Rd, Hammond, LA 70403 Merchant Wholesalers, Durable Goods Term Loan Prime plus 2.75% 9/30/2021 40.1 40.1 40.4 0.01 %
39581 Garfield, LLC and Tri County Neurological Associates, P.C. (#,^) 39581 Garfield Rd, Clinton Township, MI 48038 Ambulatory Health Care Services Term Loan Prime plus 2.75% 9/30/2036 64.3 64.3 74.1 0.02 %
Michael S. Decker & Janet Decker dba The Hen House Cafe (#) 401 Caribou St, Simla, CO 80835 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/30/2036 13.0 13.0 14.9 — %
Valiev Ballet Academy, Inc (#,^) 635 - 637 Londonderry Lane, Denton, TX 76205 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 2.75% 8/12/2036 33.7 33.7 38.7 0.01 %
LaHoBa, LLC d/b/a Papa John's (#,^) 3001 Pontchartrain Drive, Slidell, LA 70458 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/3/2036 61.1 61.1 70.3 0.02 %
251
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Lavertue Properties LLP dba Lavertue Properties (#,^) 24 Wakefield St, Rochester, NH 13867 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan Prime plus 2.75% 6/29/2036 35.4 35.4 40.7 0.01 %
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP (#,^) 4920 Lincoln Ave Route 53, Lisle, IL 60532 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 6/29/2036 277.3 277.3 319.1 0.09 %
Peanut Butter & Co., Inc. d/b/a Peanut Butter & Co. (#,^) 1790 Broadway Ste 716, New York, NY 10019 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 6/3/2021 3.1 3.1 3.1 — %
Profile Performance, Inc. and Eidak Real Estate, L.L.C. (#,^) 44600 Michigan Ave, Canton, MI 48188 Repair and Maintenance Term Loan Prime plus 2.75% 4/20/2036 99.7 99.7 114.5 0.03 %
Northwind Outdoor Recreation, Inc. dba Red Rock Wilderness Store (#,^) 2267 Fernberg Trail, Ely, MN 55731 Nonstore Retailers Term Loan Prime plus 2.75% 4/18/2036 112.5 112.5 129.2 0.04 %
Michael S. Korfe dba North Valley Auto Repair (#,^) 7516 B 2nd St, NW, Albuquerque, NM 87107 Repair and Maintenance Term Loan Prime plus 2.75% 3/24/2036 12.1 12.1 13.8 — %
Actknowledge, Inc dba Actknowledge (#,^) 365 Fifth Ave, New York, NY 10016 Personal and Laundry Services Term Loan Prime plus 2.75% 3/21/2021 2.1 2.1 2.1 — %
SuzyQue’s LLC dba Suzy Que’s (#,^) 34 South Valley Rd, West Orange, NJ 7052 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/11/2036 47.5 47.5 54.5 0.02 %
Little People’s Village, LLC dba Little People’s Village (#,^) 904 North 66th St, Philadelphia, PA 19151 Social Assistance Term Loan Prime plus 2.75% 1/31/2036 24.1 24.1 27.6 0.01 %
Seagate Group Holdings, Inc. dba Seagate Logistics, Inc. (#,^) 64-68 North Central Ave, Valley Stream, NY 11580 Support Activities for Transportation Term Loan Prime plus 2.75% 1/28/2036 87.9 87.9 100.8 0.03 %
Lodin Medical Imaging, LLC dba Watson Imaging Center (#,^) 3915 Watson Rd, St. Louis, MO 63109 Ambulatory Health Care Services Term Loan Prime plus 2.75% 12/1/2020 1.2 1.2 — — %
Robert F. Schuler and Lori A. Schuler dba Bob’s Service Center (#,^) 2879 Limekiln Pike, Glenside, PA 19038 Repair and Maintenance Term Loan Prime plus 2.75% 11/30/2035 26.2 26.2 30.0 0.01 %
Elan Realty, LLC and Albert Basse Asociates, Inc. (#,^) 175 Campanelli Park Way, Stroughton, MA 2072 Printing and Related Support Activities Term Loan Prime plus 2.75% 9/30/2035 173.4 173.4 198.4 0.06 %
Newsome Trucking Inc and Kevin Newsome (#,^) 2262 HWY 53W, Jasper, GA 30143 Truck Transportation Term Loan Prime plus 2.75% 9/2/2035 187.6 187.6 214.1 0.06 %
Rudy & Louise Chavez dba Clyde's Auto and Furniture Upholstery (#,^) 2320 2nd St, Albuquerque, NM 87107 Repair and Maintenance Term Loan Prime plus 2.75% 9/2/2035 38.1 38.1 43.5 0.01 %
I-90 RV & Auto Supercenter (#,^) 4505 South I-90 Service Rd, Rapid City, SD 57703 Motor Vehicle and Parts Dealers Term Loan Prime plus 2.75% 6/29/2035 56.5 56.5 64.5 0.02 %
Tanner Optical Inc. dba Murphy Eye Care (#,^) 305 Shirley Ave, Douglas, GA 31533 Ambulatory Health Care Services Term Loan Prime plus 2.75% 6/22/2035 68.9 68.9 78.5 0.02 %
Lahoba,LLC dba Papa John's Pizza (#,^) 620 W. Judge Perez Drive, Chalmette, LA 70163 Food Services and Drinking Places Term Loan Prime plus 2.75% 12/30/2034 31.6 31.6 35.9 0.01 %
Animal Intrusion Prevention Systems Holding Company, LLC (#,^) 3330 North Beach St, Haltom City, TX 76111 Administrative and Support Services Term Loan Prime plus 2.75% 3/29/2024 16.9 16.9 17.4 0.01 %
KMC RE, LLC & B&B Kennels (#,^) 6004 City Park Rd, Austin, TX 78730 Personal and Laundry Services Term Loan Prime plus 2.75% 11/19/2034 43.0 43.0 48.8 0.01 %
252
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
ROVER REPAIRS (#,^) 301 MACDADE BLVD, COLLINGDALE, PA 19023 Repair and Maintenance Term Loan Prime plus 2.5% 11/28/2029 42.0 42.0 45.2 0.01 %
The Alba Financial Group, Inc. (#,^) 1420 Spring Hill Rd, McLain, VA 22102 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Term Loan 6% 3/10/2021 1.2 1.2 1.2 — %
D & D's Divine Beauty School of Esther, LLC (#,^) 5524 Germantown Ave, Philadelphia, PA 19144 Educational Services Term Loan 6% 8/1/2031 41.2 41.2 39.6 0.01 %
Bliss Coffee and Wine Bar, LLC (#) 1402-A Handlir Drive, Bel Air, MD 21015 Food Services and Drinking Places Term Loan 6% 11/30/2022 61.8 61.8 61.0 0.02 %
Connect Litigation Technology, Inc. (#,^) 1101 Ivy Hill Rd, #4, Philadelphia, PA 19150 Professional, Scientific, and Technical Services Term Loan Prime plus 2% 10/18/2025 17.0 17.0 17.5 0.01 %
1911 East Main Street Holdings, Corp (#,^) 1911 East Main St, Endicott, NY 13760 Repair and Maintenance Term Loan Prime plus 2.75% 5/18/2032 9.5 9.5 10.5 — %
Water Works Laundromat, LLC (#) 968-970 Bergen St, Newark, NJ 7104 Personal and Laundry Services Term Loan Prime plus 2.25% 9/7/2027 126.0 126.0 132.1 0.04 %
Dave Kris, and MDK Ram Corp. (#,^) 15 Elm Park, Groveland, MA 1930 Food and Beverage Stores Term Loan Prime plus 2.75% 2/5/2026 19.2 19.2 20.1 0.01 %
Head To Toe Personalized Pampering, Inc. (#,^) 2331 North State Rd 7, Lauderhill, FL 33313 Personal and Laundry Services Term Loan Prime plus 2.75% 1/27/2031 7.2 7.2 8.0 — %
Christopher F. Bohon & Pamela D. Bohon (#,^) 11600 County Rd 71, Lexington, AL 35648 Social Assistance Term Loan Prime plus 2.75% 10/28/2026 2.2 2.2 2.3 — %
Mogas Limited (#,^) 47 Chestnut St, Elmer, NJ 8318 Gasoline Stations Term Loan Prime plus 2.75% 5/31/2030 53.0 53.0 57.9 0.02 %
Moonlight Multi Media Production, Inc. (#,^) 2700 West Cypress Creek Rd, Fort Lauderdale, FL 33309 Other Information Services Term Loan 5.3% 2/1/2025 1.0 1.0 1.0 — %
David M. Goens dba Superior Auto Paint & Body, Inc. (#) 1912 Manhattan Ave, Harvey, LA 70058 Repair and Maintenance Term Loan 6% 8/26/2024 9.4 9.4 9.2 — %
McCallister Venture Group, LLC and Maw's Vittles, Inc. (#,^) 511 South BRd St, Brooksville, FL 34601 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/30/2029 9.0 9.0 9.8 — %
Whirlwind Car Wash, Inc. (#) 1370 Le Anne Marie Circle, Columbus, OH 43026 Repair and Maintenance Term Loan Prime plus 2% 4/9/2029 11.8 11.8 12.4 — %
Shuttle Car Wash, Inc. dba Shuttle Car Wash (#,^) 745 Cheney Hwy, Ttitusville, FL 32780 Repair and Maintenance Term Loan Prime plus 2.25% 11/10/2028 12.6 12.6 13.4 — %
Min Hui Lin (#,^) 1916 BRd St, Lanett, AL 36863 Food Services and Drinking Places Term Loan Prime plus 2.75% 1/30/2028 12.7 12.7 13.6 — %
Auto Sales, Inc. (#,^) 1925 State St, Hamden, CT 6417 Motor Vehicle and Parts Dealers Term Loan 6% 8/17/2023 3.5 3.5 3.4 — %
Ralph Werner dba Werner Transmission Inc (#,^) 259 East Central Ave, Bangor, PA 18013 Gasoline Stations Term Loan Prime plus 2.75% 12/29/2021 0.5 0.5 0.5 — %
Robin C. & Charles E. Taylor & Brigantine Aquatic Center LLC (#,^) 3118 Bayshore Ave, Brigantine, NJ 8203 Amusement, Gambling, and Recreation Industries Term Loan 6% 9/14/2023 23.1 23.1 22.8 0.01 %
OrthoQuest, P.C. (#,^) 2336 Wisteria Drive, Ste 430, Snellville, GA 30078 Ambulatory Health Care Services Term Loan Prime plus 2% 3/12/2022 0.8 0.8 0.8 — %
Track Side Collision & Tire, Inc. (#,^) 98-16 160 Ave, Ozone Park, NY 11414 Plastics and Rubber Products Manufacturing Term Loan Prime plus 2.75% 6/16/2025 3.0 3.0 3.1 — %
253
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Deesha Corporation, Inc. dba Best Inn & Suites (#,^) 9225 Parkway East, Birmingham, AL 35206 Accommodation Term Loan Prime plus 2.25% 2/14/2025 15.7 15.7 16.2 — %
Randall D. & Patricia D. Casaburi dba Pat's Pizzazz (#,^) 386 Winsted Rd, Torrington, CT 6790 Furniture and Home Furnishings Stores Term Loan Prime plus 2.75% 3/13/2023 2.9 2.9 3.0 — %
Gain Laxmi, Inc. dba Super 8 Motel (#,^) 14341 U.S. Hwy 431 South, Gunterville, AL 35976 Accommodation Term Loan Prime plus 2.25% 5/31/2023 8.6 8.6 8.8 — %
Naseeb Corporation (#,^) 1696 North BRd St, Meriden, CT 6450 Accommodation Term Loan Prime plus 2.25% 3/31/2024 15.0 15.0 15.4 — %
Stillwell Ave Prep School (#,^) 1990 Stillwell Ave, Brooklyn, NY 11214 Social Assistance Term Loan Prime plus 2.75% 1/14/2023 2.5 2.5 2.6 — %
Alyssa Corp dba Knights Inn (#,^) 1105 Columbus Parkway, Opelika, AL 36801 Accommodation Term Loan Prime plus 2.25% 9/30/2023 29.1 29.1 29.7 0.01 %
Bhailal Patel dba New Falls Motel (#,^) 201 Lincoln Hwy, Fairless Hills, PA 19030 Accommodation Term Loan Prime plus 2.75% 3/27/2023 1.0 1.0 1.0 — %
Pegasus Automotive, Inc. (#,^) 3981 Hylan Blvd, Staten Island, NY 10308 Gasoline Stations Term Loan Prime plus 2.75% 12/23/2022 3.0 3.0 3.1 — %
P. Agrino, Inc. dba Andover Diner (#,^) 193 Main St, Andover, NJ 7860 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/18/2021 0.1 0.1 0.1 — %
Total SBA Unguaranteed Accrual Investments $ 364,957.1 $ 364,957.1 $ 378,329.4 111.49 %
254
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
200 North 8th Street Associates LLC and Enchanted Acres Fa (*,#) 200 North 8th St, Reading, PA 19601 Food Manufacturing Term Loan 6.25% 5/4/2028 $ 445.6 $ 445.6 $ 311.8 0.09 %
15 Frederick Place LLC & Pioneer Windows Holdings Inc & Subs (*,#,^) 3 Expressway Plaza, Ste 221, Roslyn Heights, NY 11577 Fabricated Metal Product Manufacturing Term Loan Prime plus 0% 12/16/2021 44.8 44.8 43.3 0.01 %
Pioneer Windows Manufacturing Corp, Pioneer Windows (*,#,^) 3 Expressway Plaza, Suuite 221, Roslyn Heights, NY 11577 Fabricated Metal Product Manufacturing Term Loan Prime plus 0% 11/21/2022 80.7 80.7 78.1 0.02 %
2 Cool Beans LLC dba Menchies's Frozen Yogurt (*,#,^) 11331 Thienes Ave, South El Monte, CA 91733 Food Services and Drinking Places Term Loan Prime plus 0% 8/11/2026 54.1 54.1 53.0 0.02 %
3SIXO Motorsports LLC dba 3SIXO Motorsports Shop (*,#,^) 217 W Main St, Centralia, WA 98531 Motor Vehicle and Parts Dealers Term Loan 7.75% 1/6/2029 94.6 94.6 59.6 0.02 %
6 Price Avenue, LLC and Pauley Tree & Lawn Care, Inc (*,#) 6 Price Ave, Norwalk, CT 6840 Administrative and Support Services Term Loan 8% 9/24/2039 237.3 237.3 192.6 0.06 %
Acton Hardware LLC and Mark Allgood & Jamie Allgood (*,#,^) 31814 Crown Valley Rd, Acton, CA 93510 Building Material and Garden Equipment and Supplies Dealers Term Loan 8% 3/24/2041 117.1 117.1 37.9 0.01 %
Advance Case Parts RE Holdings LLC and Advance Case Parts Inc (*,#) 12485-12489 NW 44th St, Coral Springs, FL 33071 Repair and Maintenance Term Loan 7.75% 3/31/2040 318.3 318.3 131.4 0.04 %
Albas Bar & Grill LLC (*,#,^) 221 Self Main St, Homer City, PA 15748 Food Services and Drinking Places Term Loan Prime plus 0% 10/13/2042 43.9 43.9 17.1 0.01 %
Alive Design, LLC (*,#) 234 Middle St, Middletown, CT 6457 Professional, Scientific, and Technical Services Term Loan Prime plus 2.75% 3/13/2027 11.4 11.4 9.7 0.00 %
All About Kids and Families Medical Center, Inc. (*,#,^) 12086 FT Caroline Rd, Ste. 102,103,401,402,403, 501,502, Jacksonville, FL 32225 Ambulatory Health Care Services Term Loan 8.25% 1/13/2029 364.9 364.9 262.9 0.08 %
All Printing Solutions, Inc. dba Pryntcomm (*,#,^) 303 E. Sioux Ave., Pierre, SD 57501 Printing and Related Support Activities Term Loan 7.75% 6/27/2041 491.8 491.8 81.7 0.02 %
Allied Welding Inc. (*,#,^) 1820 N. Santa Fe Ave, Chillicothe, IL 61523 Fabricated Metal Product Manufacturing Term Loan 8.25% 12/15/2041 713.5 713.5 713.5 0.21 %
Amboy Group, LLC dba Tommy Moloney's (*,#) 1 Amboy Ave, Woodbridge, NJ 7095 Food Manufacturing Term Loan 6% 6/14/2024 1,458.1 1,458.1 1,458.1 0.43 %
Anglin Cultured Stone Products LLC (*,#,^) 877 Salem Church Rd, Newark, DE 19702 Construction of Buildings Term Loan 8.25% 12/27/2042 630.5 630.5 324.4 0.10 %
Anglin Cultured Stone Products LLC dba Anglin Construction (*,#) 877 Salem Church Rd, Newark, DE 19702 Specialty Trade Contractors Term Loan 8.25% 6/30/2025 193.3 193.3 185.2 0.05 %
Arclay ,LLC (*,#,^) 49 Geyser Rd Ste 100, Saratoga Springs, NY 12866 Nonmetallic Mineral Product Manufacturing Term Loan 8% 5/5/2030 137.1 137.1 30.1 0.01 %
Arrow Freight Inc (*,#,^) 1000 Jorie Blvd Ste 250, Oak Brook, IL 60523 Truck Transportation Term Loan 8.25% 3/30/2028 653.0 653.0 — 0.00 %
Auto Shine Carwash Inc and AKM R. Hossain and Jessica F. Masud (*,#) 2646 South Rd, Poughkeepsie, NY 12601 Gasoline Stations Term Loan 7.75% 9/26/2024 15.7 15.7 15.2 0.00 %
AWA Fabrication & Construction, L.L.C. (*,#) 811 Country Rd #99, Headland, AL 36345 Fabricated Metal Product Manufacturing Term Loan 6% 4/30/2025 34.4 34.4 2.5 0.00 %
255
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
B&B Fitness and Barbell, Inc. dba Elevations Health Club (*,#) Route 611 North, Scotrun, PA 18355 Amusement, Gambling, and Recreation Industries Term Loan 6% 6/22/2035 1,385.8 1,385.8 334.3 0.10 %
B4 Fitness LLC dba The Zoo Health Club (*,#,^) 4 Beehive Dr, Epping, NH 3042 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 9/23/2026 59.8 59.8 31.6 0.01 %
Baker Sales, Inc. d/b/a Baker Sales, Inc. (*,#) 60207 Camp Villere Rd, Slidell, LA 70460 Nonstore Retailers Term Loan 6% 3/29/2036 177.4 177.4 62.1 0.02 %
Band Sawn Lumber,LLC and Nathan Ryan Adams (*,#,^) 1873 State Hwy 29, Johnstown, NY 12095 Wood Product Manufacturing Term Loan 7.75% 5/15/2042 110.8 110.8 33.5 0.01 %
Fieldstone Quick Stop LLC Barber Investments LLC Thadius M B (*,#) 190 Route 3, South China, ME 4358 Gasoline Stations Term Loan 6% 9/30/2038 400.4 400.4 33.2 0.01 %
Bear Creek Entertainment LLC dba The Woods at Bear Creek (*,#,^) 3510 Bear Creek Rd, Franklinville, NY 14737 Accommodation Term Loan Prime plus 2.75% 8/12/2041 1,608.1 1,608.1 742.4 0.22 %
Bear Creek Entertainment, LLC dba The Woods at Bear Creek (*,#) 3510 Bear Creek Rd, Franklinville, NY 14737 Accommodation Term Loan 7.25% 12/30/2024 85.4 85.4 82.7 0.02 %
Bebos Inc dba Pizza Hut & Sunoco (*,#) 2003 West 5th St, Clifton, TX 76634 Gasoline Stations Term Loan 7.75% 3/28/2028 214.1 214.1 29.8 0.01 %
Benevolent International Inc (*,#,^) 2781 Saturn St Ste F, Brea, CA 82821 Administrative and Support Services Term Loan 6% 4/26/2029 71.6 71.6 68.6 0.02 %
Bev's Sweets LLC (*,#,^) 3778 Hwy 254, Cleveland, GA 30528 Administrative and Support Services Term Loan Prime plus 0% 9/30/2044 210.5 210.5 201.6 0.06 %
Bone Bar & Grill LLC (*,#) 3547 &3551 Philipsburg Bigler Hwy, West Decatur, PA 16878 Food Services and Drinking Places Term Loan 7% 6/30/2042 73.4 73.4 62.6 0.02 %
Bowl Mor, LLC dba Bowl Mor Lanes / Spare Lounge, Inc. (*,#) 201 Highland Ave, East Syracuse, NY 13057 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 3/13/2039 201.2 201.2 148.4 0.04 %
BQRS, Inc. DBA Gresham Meineke Car Care Center (*,#,^) 18081 SE Division St, Portland, OR 97236 Repair and Maintenance Term Loan 8.25% 6/30/2027 53.9 53.9 47.8 0.01 %
Brandywine Picnic Park, Inc. and B.Ross Capps & Linda Capps (*,#) 690 South Creek Rd, West Chester, PA 19382 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 3/30/2031 145.7 145.7 144.1 0.04 %
Calhoun Satellite Communications, Inc. (*,#) 1914 Tigertail Blvd, Dania Beach, FL 33004 Telecommunications Term Loan 7% 12/2/2026 37.2 37.2 24.0 0.01 %
Capstone Pediatrics PLLC and Capstone Healthcare Consulting LLC (*,#) 310 25th Ave N. St Ste. 201, Nashville, TN 37203 Ambulatory Health Care Services Term Loan 7.75% 5/15/2025 556.4 556.4 55.7 0.02 %
Carl R. Bieber, Inc. dba Bieber Tourways/Bieber Transportation (*,#) 320 Fair St, Kutztown, PA 19530 Transit and Ground Passenger Transportation Term Loan 7.5% 9/30/2027 366.2 366.2 354.6 0.10 %
CD Game Exchange Inc. (*,#,^) 3719 N Mississippi, Portland, OR 97227 Merchant Wholesalers, Durable Goods Term Loan 8.25% 9/28/2026 10.4 10.4 10.2 0.00 %
Central Medical Clinic, PLLC- Clinica Central (*,#) 393 North Dunlap St Ste LL26, LL34, LL38, St Paul, MN 55104 Ambulatory Health Care Services Term Loan 8.25% 6/7/2029 171.9 171.9 166.4 0.05 %
Chickamauga Properties, Inc., MSW Enterprises, LLP (*,#) 214 Sutherland Way, Rocky Face, GA 30740 Amusement, Gambling, and Recreation Industries Term Loan 6.25% 12/22/2035 59.0 59.0 56.5 0.02 %
256
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
Children First Home Health Care Inc (*,#,^) 1220 Broadcasting Rd Ste 202, Wyomissing, PA 19610 Ambulatory Health Care Services Term Loan 7.5% 12/27/2028 282.4 282.4 51.7 0.02 %
CK Heating and Cooling LLC (*,#,^) 10017 Pebble Beach Drive, St. Louis, MO 63114 Specialty Trade Contractors Term Loan Prime plus 2.75% 4/12/2029 18.5 18.5 1.3 0.00 %
Clark Realty LLC (*,#,^) 4 Walker Way, Albany, NY 12205 Real Estate Term Loan 8% 8/29/2041 73.3 73.3 37.1 0.01 %
Clearwater Transportation LTD dba Thrifty Car Rental, (*,#,^) 8790 Crownhill Blvd, San Antonio, TX 78209 Rental and Leasing Services Term Loan 8.25% 11/29/2027 153.7 153.7 17.5 0.01 %
CNYP 717 Irondequoit LLC and CNYP 2002 Ontario LLC (*,#,^) 717 Titus Ave, Rochester, NY 14617 Food Services and Drinking Places Term Loan 8.25% 11/20/2040 158.0 158.0 60.2 0.02 %
Colts V LLC and Nowatzke Service Center, Inc dba Nowatzke Truck (*,#) 6900 Whitmore Lake Rd, Whitmore Lake, MI 48189 Repair and Maintenance Term Loan 6.75% 9/26/2039 553.3 553.3 450.0 0.13 %
Conference Services International ETC LLC (*,#,^) 4802 West Van Buren St, Phoenix, AZ 85007 Administrative and Support Services Term Loan 8% 8/14/2028 597.0 597.0 408.2 0.12 %
Custom Software, Inc. a Colorado Corporation dba M-33 Access (*,#) 380 E. Borden Rd, Rose City, MI 48654 Professional, Scientific, and Technical Services Term Loan 6.25% 6/17/2021 210.6 210.6 112.7 0.03 %
CZAR Industries, Inc. (*,#,^) 1424 Heath Ave, Ewing, NJ 8638 Machinery Manufacturing Term Loan 8.25% 12/19/2027 141.3 141.3 45.1 0.01 %
D&G Capital LLC dba Miami Grill 277 (*,#,^) 2521 North Federal Hwy, Unit C, Boca Raton, FL 33431 Food Services and Drinking Places Term Loan 6.5% 12/16/2025 44.1 44.1 20.8 0.01 %
Darian L Hampton DDS PA and Darian L. Hampton (*,#) 3610 N Josey Lane Ste 104, Carrollton, TX 75007 Ambulatory Health Care Services Term Loan 8.25% 12/20/2028 292.6 292.6 3.2 0.00 %
David D. Sullivan dba DMS Construction (*,#,^) 6400 Charwood Place, Bakersfield, CA 93306 Specialty Trade Contractors Term Loan Prime plus 0% 8/9/2028 11.5 11.5 4.3 0.00 %
Destination Hope, Inc, TrilogyTreatment & Wellness Center, Inc (*,#) 6555 NW 9th Ave, Fort Lauderdale, FL 33309 Ambulatory Health Care Services Term Loan Prime plus 0% 12/30/2029 345.6 345.6 338.2 0.10 %
Destination Hope, Inc. and The Academy for Addiction Professionals (*,#) 6555 NW 9th Ave, Fort Lauderdale, FL 33309 Ambulatory Health Care Services Term Loan 6% 12/30/2044 371.2 371.2 363.3 0.11 %
Dixie Transport, Inc. & Johnny D. Brown & Jimmy Brown & Maudain Brown (*,#,^) 2685 US Hwy 41, Calhoun, GA 30701 Support Activities for Transportation Term Loan 5.25% 12/28/2035 1,316.8 1,316.8 522.2 0.15 %
Douglas Printy Motorsports, Inc. dba Blackburn Trike (*,#) 1410 Medina Rd, Medina, OH 44256 Motor Vehicle and Parts Dealers Term Loan 8.25% 3/9/2040 74.2 74.2 3.2 0.00 %
Doxa Deo Inc dba Luv 2 Play (*,#,^) 1600 Village Market Blvd, Leesburg, VA 20175 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 2/28/2026 81.3 81.3 79.5 0.02 %
Dr. Richard Rolle JR, PLLC dba Rolle Oral & Facial Surgery PLLC (*,#,^) 1515 Shopton Rd, Charlotte, NC 28217 Ambulatory Health Care Services Term Loan 7.5% 9/29/2042 243.0 243.0 211.2 0.06 %
Driven Warehouse/Distribution LLC (*,#) 271 East North Ave, Glendale, IL 60139 Truck Transportation Term Loan 8% 12/22/2027 726.2 726.2 371.6 0.11 %
DTM Parts Supply Inc. (*,#) 31 Sageman St, Mount Vernon, NY 10550 Merchant Wholesalers, Durable Goods Term Loan 7% 6/2/2025 42.6 42.6 42.6 0.01 %
257
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
DuCharme Realty LLC and DuCharme Enterprises LLC dba Specialty (*,#) 1717 Hwy 200, Noxon, MT 59853 Wood Product Manufacturing Term Loan 8% 2/2/2040 163.2 163.2 47.5 0.01 %
Dynamic Dental Corporation (*,#,^) 3760 NW 126th Ave, Coral Springs, FL 33065 Merchant Wholesalers, Durable Goods Term Loan 7.5% 5/31/2029 60.4 60.4 22.2 0.01 %
E & I Holdings, LP & PA Farm Products, LLC (*,#) 1095 Mt Airy Rd, Stevens, PA 17578 Food Manufacturing Term Loan 6% 4/30/2030 4,705.2 4,705.2 3,746.2 1.10 %
E.S.F.P. LLC dba Volusia Van and Storage (*,#,^) 1203 N US 1, Ormond Beach, FL 32174 Truck Transportation Term Loan Prime plus 0% 11/11/2025 54.4 54.4 46.6 0.01 %
Earth First Recycling LLC (*,#,^) 400 Island Park Rd, Easton, PA 18040 Merchant Wholesalers, Durable Goods Term Loan 8% 12/6/2027 72.8 72.8 72.0 0.02 %
Earth First Recycling, LLC and 191 Clark Road, LLC (*,#,^) 400 Island Park Rd, Easton, PA 18040 Merchant Wholesalers, Durable Goods Term Loan 8% 6/5/2027 338.0 338.0 334.4 0.10 %
Elegant Fireplace Mantels, Inc. dba Elegant Fireplace Mantels (*,#,^) 11949 Borden Ave, San Fernando, CA 91340 Specialty Trade Contractors Term Loan 8.25% 12/31/2022 43.9 43.9 43.0 0.01 %
Ericon, Inc. (*,#,^) 740 Davenport Ave, Fremont, NE 68025 Gasoline Stations Term Loan 8.25% 12/1/2041 705.6 705.6 652.0 0.19 %
ERT Group Inc and Curt's Tools Inspection Inc (*,#,^) 5229 142nd Dr. NW, Williston, ND 58801 Support Activities for Mining Term Loan Prime plus 2.75% 3/18/2041 932.4 932.4 902.7 0.27 %
Europlast Ltd (*,#) 100 Industrial Lane, Endeavor, WI 53930 Plastics and Rubber Products Manufacturing Term Loan 6% 9/26/2022 312.9 312.9 44.0 0.01 %
Evergreen Pallet LLC and Evergreen Recycle LLC (*,#,^) 302 W 53rd St N., Wichita, KS 67204 Wood Product Manufacturing Term Loan 7.25% 3/16/2026 898.3 898.3 409.0 0.12 %
Evernook Valley Milk LLC (*,#,^) 7448 Emmerson Rd, Everson, WA 98247 Animal Production and Aquaculture Term Loan 7.5% 8/31/2042 637.5 637.5 446.8 0.13 %
Excel RP Inc (*,#,^) 6531 Park Ave, Allen Park, MI 48101 Machinery Manufacturing Term Loan 8.25% 8/30/2023 66.8 66.8 64.7 0.02 %
Excel RP Inc (*,#,^) 6531 Park Ave, Allen Park, MI 48101 Machinery Manufacturing Term Loan 8.25% 3/25/2026 95.2 95.2 25.7 0.01 %
Excel RP, Inc./Kevin and Joann Foley (*,#) 6531 Park Ave, Allen Park, MI 48101 Machinery Manufacturing Term Loan 8.25% 7/8/2028 32.4 32.4 31.4 0.01 %
Florida Apnea Diagnostics LLC (*,#,^) 2664 Cypress Ridge Blvd Ste. 101 & 102 A, Wesley Chapel, FL 33544 Ambulatory Health Care Services Term Loan 8.25% 10/20/2027 143.4 143.4 62.7 0.02 %
Frontier Sand LLC (*,#,^) 305 Country Hwy AA, New Auburn, WI 54757 Mining (except Oil and Gas) Term Loan 8.25% 11/30/2027 463.6 463.6 319.8 0.09 %
Galaforo Construction and Companies LLC (*,#,^) 1770 Stumpf Blvd, Terrytown, LA 70056 Construction of Buildings Term Loan 7.5% 12/15/2042 12.1 12.1 11.1 0.00 %
GEM2K, LLC dba Precision Precast Group (*,#,^) 4150 E Magnolia St, Phoenix, AZ 85034 Miscellaneous Manufacturing Term Loan 8.25% 5/19/2027 140.4 140.4 23.8 0.01 %
Grand Manor Realty, Inc. & Kevin LaRoe (*,#) 318 S. Halsted St, Chicago, IL 60661 Real Estate Term Loan 6% 2/20/2023 19.0 19.0 18.2 0.01 %
Graphics,Type and Color Enterprises Inc dba Clubflyers.com (*,#,^) 2300 NW 7th Ave, Miami, FL 33127 Printing and Related Support Activities Term Loan 8.25% 9/28/2041 821.5 821.5 795.3 0.23 %
H.M.C, Incorporated (*,#,^) 7190 Oakland Mills Rd Ste 10, Columbia, MD 21046 Furniture and Related Product Manufacturing Term Loan 8.25% 7/3/2028 183.8 183.8 177.9 0.05 %
258
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
Hagerstown Muffler, Inc. and JMS Muffler, Inc (*,#) 1390 Dual Hwy, Hagerstown, MD 21740 Repair and Maintenance Term Loan 8% 9/24/2040 58.6 58.6 37.0 0.01 %
Harrelson Materials Management,Inc (*,#) 1101 Russell Rd, Shreveport, LA 71107 Waste Management and Remediation Services Term Loan 6% 6/24/2021 465.2 465.2 4.7 0.00 %
HDD Solutions, LLC (*,#) 6550 Progress Parkway, Cedar Hill, MO 63016 Heavy and Civil Engineering Construction Term Loan 8.25% 12/31/2028 552.8 552.8 336.6 0.10 %
HG Ventures, Inc. dba Diamond Head Trucking (*,#,^) 100 Phoenix Drive, Finleyville, PA 15332 Truck Transportation Term Loan 7.5% 6/29/2030 807.7 807.7 47.1 0.01 %
Home Again Restaurant LLC (*,#) 9524 Camp Lake Rd, Salem, WI 53168 Food Services and Drinking Places Term Loan 6.25% 6/30/2040 0.4 0.4 0.4 0.00 %
Insight Vision Care, PC, CRMOD Lubbock, P.C., Vielm Vision Eyecare Inc (*,#,^) 4899 Griggs Rd, Houston, TX 77021 Ambulatory Health Care Services Term Loan 7.75% 12/27/2043 1,084.6 1,084.6 222.9 0.07 %
J&K Fitness, LLC dba Physiques Womens Fitness Center (*,#) 2505 Verot School Rd, Lafayette, LA 70508 Amusement, Gambling, and Recreation Industries Term Loan 8% 6/8/2036 14.6 14.6 9.2 0.00 %
J Olson Enterprises LLC and Olson Trucking Direct, Inc. (*,#) 311 Ryan St, Holmen, WI 54636 Truck Transportation Term Loan 6% 6/28/2025 628.4 628.4 40.6 0.01 %
J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value (*,#,^) 640 Dubois St, Du Bois, PA 15801 Building Material and Garden Equipment and Supplies Dealers Term Loan 6% 11/10/2026 161.6 161.6 121.9 0.04 %
J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value (*,#,^) 640 Dubois St, Dubois, PA 15801 Building Material and Garden Equipment and Supplies Dealers Term Loan 6% 11/10/2041 438.5 438.5 419.0 0.12 %
Jay Carlton's, LLC dba Jay Birds Rotisserie & Grill (*,#,^) 24480 W 10 Mile RD, Southfield, MI 48033 Food Services and Drinking Places Term Loan 6% 1/4/2029 34.8 34.8 22.5 0.01 %
JN Thompson Ent,Inc. (*,#,^) 400 5th Ave S Ste 100, Naples, FL 34102 Construction of Buildings Term Loan 7.75% 12/7/2028 329.7 329.7 39.8 0.01 %
JNP Delivery Inc (*,#,^) 4500 North Providence # 7, Appleton, WI 54913 Couriers and Messengers Term Loan Prime plus 0% 11/7/2027 47.5 47.5 46.4 0.01 %
JP Dhillon's Foods LLC (*,#,^) 840 El Paseo de Saratoga, San Jose, CA 95130 Food Services and Drinking Places Term Loan Prime plus 0% 6/1/2029 86.5 86.5 1.3 0.00 %
K Soles Corp dba Max Collections (*,#,^) 3208 Oakcliff Industrial St, Doraville, GA 30340 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 0% 3/16/2026 14.4 14.4 1.5 0.00 %
Kantz LLC and Kantz Auto LLC dba Kantz's Hometown Auto (*,#) 200 West Adams St, Cochranton, PA 16314 Motor Vehicle and Parts Dealers Term Loan 6.25% 10/29/2039 11.1 11.1 2.5 0.00 %
Kids at Heart,LLC dba Monster Mini Golf (*,#,^) 10 Newbury St, Danvers, MA 1923 Amusement, Gambling, and Recreation Industries Term Loan 6.75% 9/22/2026 18.8 18.8 14.7 0.00 %
Kidtastic LLC dba The Little Gym of Audubon (*,#,^) 2850 Audubon Drive, Audubon, PA 19403 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 7/27/2026 44.9 44.9 16.4 0.00 %
Kneading Dough LLC dba NY Bagel Cafe & Deli,NY Bagle, New York Bagle (*,#) 10287 Okeechobee Blvd #13, Royal Palm Beach, FL 33411 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/23/2029 17.8 17.8 17.1 0.01 %
Kostekos Inc dba New York Style Pizza (*,#) 10 South King St, Gloucester, NJ 8030 Food Services and Drinking Places Term Loan 8% 2/6/2040 61.9 61.9 28.1 0.01 %
LA Diner Inc dba Loukas L A Diner (*,#) 3205 Route 22 East, Branchburg, NJ 8876 Food Services and Drinking Places Term Loan 7.25% 9/28/2037 92.8 92.8 67.0 0.02 %
259
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
LAN Doctors Inc (*,#) 14 Pierson Court, Mahwah, NJ 7430 Professional, Scientific, and Technical Services Term Loan 8.25% 8/28/2025 59.8 59.8 58.5 0.02 %
LAN Doctors Inc (*,#,^) 14 Pierson Court, Mahwah, NJ 7430 Professional, Scientific, and Technical Services Term Loan 8.25% 3/16/2026 43.4 43.4 36.3 0.01 %
Legacy Roof Contractors LLC (*,#,^) 32091 Broken Branch Circle, Spanish Fort, AL 36527 Specialty Trade Contractors Term Loan 6% 2/28/2044 294.0 294.0 170.8 0.05 %
Lilo Holdings LLC (*,#,^) 1000 Roosevelt Ave., Cartaret, NJ 7008 Food Services and Drinking Places Term Loan 6% 12/5/2026 11.6 11.6 3.7 0.00 %
Linqserv Inc. (*,#,^) 1555 Lyell Ave, Rochester, NY 14606 Transit and Ground Passenger Transportation Term Loan 7.5% 11/9/2027 264.0 264.0 22.2 0.01 %
Lowgap Grocery & Grill LLC (*,#,^) 8773 West Pine St, Lowgap, NC 27024 General Merchandise Stores Term Loan 7.25% 3/24/2041 48.0 48.0 20.3 0.01 %
M & H Pine Straw Inc and Harris L. Maloy (*,#) 526 Perry House Rd, Fitzgerald, GA 31750 Merchant Wholesalers, Nondurable Goods Term Loan 7.5% 3/21/2023 197.4 197.4 59.4 0.02 %
M & H Pine Straw, Inc and Harris L. Maloy (*,#) 526 Perry House Rd, Fitzgerald, GA 31750 Support Activities for Agriculture and Forestry Term Loan 6% 4/30/2020 44.6 44.6 43.6 0.01 %
M & H Pine Straw, Inc.and Harris Maloy (*,#) 526 Perry House Rd, Fitzgerald, GA 31750 Merchant Wholesalers, Nondurable Goods Term Loan 7.5% 7/10/2020 27.4 27.4 26.8 0.01 %
M & H Pinestraw, Inc. and Harris L. Maloy (*,#) 526 Perry House Rd, Fitzgerald, GA 31750 Merchant Wholesalers, Nondurable Goods Term Loan 7.5% 12/15/2021 133.8 133.8 49.5 0.01 %
Magill Truck Line LLC and Jeff J. Ralls (*,#,^) 211 West 53rd St N., Park City, KS 67204 Truck Transportation Term Loan 7.25% 3/11/2029 183.5 183.5 82.7 0.02 %
Mariam Diner Inc dba Country Kitchen Restaurant (*,#,^) 17393 Main St, Hesperia, CA 92345 Food Services and Drinking Places Term Loan 8% 3/18/2026 42.8 42.8 16.5 0.00 %
Marlin Lighting LLC (*,#,^) 7207 B Lockport Pl, Lorton, VA 22079 Specialty Trade Contractors Term Loan 6% 12/19/2028 90.9 90.9 89.0 0.03 %
Matchless Transportation LLC dba First Class Limo (*,#) 31525 Aurora Rd # 5, Solon, OH 44139 Transit and Ground Passenger Transportation Term Loan 6.25% 5/31/2020 119.2 119.2 12.4 0.00 %
MB Xpress Inc (*,#,^) 159 D'Arcy Parkway, Lathrop, CA 95330 Truck Transportation Term Loan 8.25% 9/19/2028 1,110.1 1,110.1 — 0.00 %
Medeiros Holdings Inc dba Outdoor Lighting Perspectives of the Triad (*,#,^) 780 S Peace Haven Rd, Winston Salem, NC 27103 Electrical Equipment, Appliance, and Component Manufacturing Term Loan 7% 11/25/2025 10.5 10.5 10.2 0.00 %
MIT LLC (*,#,^) 11 North Peach ST., Medford, OR 97504 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 3/31/2042 84.9 84.9 63.2 0.02 %
Mojo Brands Media, LLC (*,#) 3260 University Blvd., Ste 100, Winter Park, FL 32792 Broadcasting (except Internet) Term Loan 6% 8/28/2023 725.0 725.0 114.0 0.03 %
Morris Glass and Construction Inc (*,#) 40058 Hwy 30, Astoria, OR 97103 Specialty Trade Contractors Term Loan 15% 10/1/2023 365.9 365.9 188.5 0.06 %
MTV Bowl, Inc. dba Legend Lanes (*,#) 4190 State Rd, Cuyahoga Falls, OH 44223 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 6/30/2036 189.6 189.6 126.7 0.04 %
Murf & Sons LLC (*,#,^) 3821 Pleasant Hill Rd, Store #B-107, Kissimmee, FL 34746 Food Services and Drinking Places Term Loan Prime plus 2.75% 11/16/2027 129.3 129.3 126.6 0.04 %
N Transport LLC (*,#,^) 5348 W Brown Ave, Fresno, CA 93722 Truck Transportation Term Loan 8% 11/20/2027 385.5 385.5 79.8 0.02 %
N Transport LLC (*,#,^) 294 N. Fruit Ave, Fresno, CA 93706 Truck Transportation Term Loan 8.25% 11/20/2042 175.3 175.3 143.3 0.04 %
260
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
Nando LLC dba Tall Timbers Banquet and Conference Center (*,#,^) 13831 National Rd SW, Reynoldsburg, OH 43068 Food Services and Drinking Places Term Loan 6% 4/20/2028 12.7 12.7 12.4 0.00 %
Neville Galvanizing, Inc (*,#) 2983 Grand Ave, Pittsburgh, PA 15225 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/15/2042 235.7 235.7 — 0.00 %
North Country Transport, LLC (*,#,^) 10 LaCrosse St, Ste 14, Hudson Falls, NY 12839 Transit and Ground Passenger Transportation Term Loan 6% 2/6/2023 4.9 4.9 4.8 0.00 %
Olsen Bros. Transportation, Inc. & Golden Spike Leasing, LLC (*,#,^) 2520 Pennsylvania Ave, Ogden, UT 84401 Truck Transportation Term Loan 8.25% 6/20/2028 513.2 513.2 53.3 0.02 %
P & M Entertainment, LLC dba Luv 2 Play (*,#,^) 35 Lafayette Rd Ste #8, North Hampton, NH 3862 Amusement, Gambling, and Recreation Industries Term Loan 6% 5/10/2028 96.1 96.1 76.1 0.02 %
Panther Ironworks and Rigging Solutions LLC (*,#,^) 1028 Washburn Switch Rd, Shelby, NC 28150 Specialty Trade Contractors Term Loan 6% 11/10/2026 112.7 112.7 75.4 0.02 %
Paragon Fabricators Inc, Paragon Field Services, Inc and Paragon Globa (*,#) 412 and 500 Main St, La Marque, TX 77568 Heavy and Civil Engineering Construction Term Loan 7% 9/28/2026 570.7 570.7 3.1 0.00 %
Paragon Global, LLC and Paragon Fabricators Inc and Paragon Field Serv (*,#,^) 412 and 500 Main St, La Marque, TX 77568 Heavy and Civil Engineering Construction Term Loan 7% 9/28/2041 110.1 110.1 48.7 0.01 %
Peter K Lee MD, PC dba Atlanta Primary Care (*,#,^) 211 Roberson Mill Rd, Milledgeville, GA 31061 Ambulatory Health Care Services Term Loan 8.25% 9/13/2043 859.6 859.6 823.3 0.24 %
Peter K Lee MD, PC dba Atlanta Primary Care LLC (*,#,^) 5 Ashford Way, Hawkinsville, GA 31061 Ambulatory Health Care Services Term Loan 8.25% 9/13/2028 381.0 381.0 364.9 0.11 %
Play4Fun dba Luv 2 Play (*,#,^) 13722 Jamboree Rd, Irvine, CA 92602 Amusement, Gambling, and Recreation Industries Term Loan 7.5% 3/7/2028 148.1 148.1 88.9 0.03 %
PLES Investements, LLC and John Redder, Pappy Sand & Gravel, Inc., T (*,#,^) 2040 Dowdy Ferry, Dallas, TX 75218 Specialty Trade Contractors Term Loan 8.25% 12/19/2038 494.7 494.7 473.8 0.14 %
Top Cat Ready Mix, LLC, Ples Investments LLC, and Pappy's Sand and (*,#,^) 13851 S State HWY 34, Scurry, TX 75158 Specialty Trade Contractors Term Loan 8.25% 10/28/2025 479.9 479.9 314.0 0.09 %
Providence Management Environmental, LLC, Tindol Energy Group, LLC (*,#,^) 6570 W Hwy 67, Cleburne, TX 76033 Waste Management and Remediation Services Term Loan Prime plus 2.75% 6/19/2029 255.9 255.9 245.1 0.07 %
PS Camping Inc. (*,#,^) 43595 US Hwy 50, Canon City, CO 81212 Accommodation Term Loan 8.25% 12/1/2027 18.2 18.2 17.4 0.01 %
PS Camping, Inc. dba Prospectors RV Resort (*,#,^) 43659&43595 US Hwy 50, Canon City, CO 81212 Accommodation Term Loan 8.25% 5/19/2042 227.3 227.3 217.7 0.06 %
Purely Seed LLC (*,#,^) 11515 Lake Lane, Ste 102, Chisago, MN 55013 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 0% 2/26/2028 101.7 101.7 — 0.00 %
Ramjay Inc. (*,#,^) 85 S. Bragg St Ste 303, Alexandria, VA 22312 Transit and Ground Passenger Transportation Term Loan 8.25% 1/13/2027 375.6 375.6 81.6 0.02 %
Randall Miller Company, Inc and Boyz Transportation Services, LLC (*,#,^) 256 Blackley Rd, Bristole, TN 37620 Truck Transportation Term Loan 7.75% 7/31/2029 772.8 772.8 18.8 0.01 %
Recovery Boot Camp, LLC, Rule 62, Inc. and Healing Properties, LLC (*,#,^) 85 SW 5th Ave, Delray Beach, FL 33444 Ambulatory Health Care Services Term Loan 7.75% 12/28/2028 112.6 112.6 9.4 0.00 %
261
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
Return to Excellence Inc (*,#,^) 176 Country Club Drive, Waynesville, NC 28786 Amusement, Gambling, and Recreation Industries Term Loan 8.25% 1/27/2027 15.6 15.6 15.3 0.00 %
Return to Excellence, Inc. dba The Waynesville Inn Golf & Spa (*,#) 176 Country Club Drive, Waynesville, NC 28786 Amusement, Gambling, and Recreation Industries Term Loan 8% 10/10/2039 1,154.0 1,154.0 1,129.4 0.33 %
RG Productions LLC (*,#,^) 2414 W Battlefield Ste H, Springfield, MO 65807 Rental and Leasing Services Term Loan Prime plus 0% 3/28/2029 139.5 139.5 127.4 0.04 %
Rhone Wolf Vineyard LLC, Goldline Brands Inc. and Myka Cellars, Inc. (*,#,^) 5245 Bucks Bar Rd, Placerville, CA 95667 Beverage and Tobacco Product Manufacturing Term Loan 8.25% 1/19/2030 230.9 230.9 221.2 0.07 %
Roundhay Partners LLC and Roundhay Farming LLC (*,#,^) 6160 Granite Spring Rd, Somerset, CA 95684 Crop Production Term Loan 8.25% 8/8/2042 902.1 902.1 781.4 0.23 %
Rich's Food Stores LLC dba Hwy 55 of Wallace (*,#,^) 611 East Southerland St, Wallace, NC 28466 Food Services and Drinking Places Term Loan 8.25% 9/14/2026 99.3 99.3 9.8 0.00 %
Route 130 SCPI Holdings LLC (EPC) Route 130 SCPI Operations LLC (OC) d (*,#) 423-429 Route 156, Trenton, NJ 8620 Food Services and Drinking Places Term Loan 6.25% 9/30/2039 279.5 279.5 33.5 0.01 %
Sanabi Investment, LLC dba Oscar's Moving and Storage (*,#,^) 11421 N W 107th St, #13, Miami, FL 33178 Truck Transportation Term Loan 7.5% 6/20/2027 95.9 95.9 14.0 0.00 %
Sand Hill Associates, Ltd. dba Charlie O's Tavern on the Point (*,#,^) 2 Sand Hill Cove Rd, Narragansett, RI 2882 Food Services and Drinking Places Term Loan 8.25% 12/27/2041 413.0 413.0 197.9 0.06 %
SDA Holdings LLC and Les Cheveux Salon Inc (*,#,^) 306 McClanahan St, Roanoke, VA 24014 Personal and Laundry Services Term Loan 7.5% 12/15/2040 108.5 108.5 50.5 0.01 %
Select Propane & Fuel Inc. and Select Fuel & Convenience LLC (*,#) 3822 State Route 3, Red Bud, IL 62278 Merchant Wholesalers, Nondurable Goods Term Loan 7.5% 2/10/2030 524.2 524.2 28.4 0.01 %
Shaffer Automotive Repair, LLC (*,#) 1485 North McQueen Rd #1, Gilbert, AZ 85233 Repair and Maintenance Term Loan 7% 5/24/2030 132.8 132.8 38.7 0.01 %
Shane M. Howell and Buck Hardware and Garden Center, LLC (*,#) 1007 Lancaster Pike, Quarryville, PA 17566 Building Material and Garden Equipment and Supplies Dealers Term Loan 7.5% 12/27/2038 113.4 113.4 11.5 0.00 %
Shining Star Kids, Inc. dba Brain Balance (*,#,^) 17323 Ventura Blvd, Encino, CA 91316 Educational Services Term Loan Prime plus 0% 1/7/2029 77.2 77.2 75.6 0.02 %
Smith and Son Plumbing, LLC (*,#,^) 15922 Eldorado Parkway, Ste 500-1579, Frisco, TX 75035 Specialty Trade Contractors Term Loan 6% 6/10/2029 76.0 76.0 34.1 0.01 %
Southside BBQ Corp (*,#,^) 16032 South Hwy 16, Cherokee, TX 76832 Food Services and Drinking Places Term Loan Prime plus 0% 1/25/2028 15.7 15.7 15.4 0.00 %
Sovereign Communications LLC (*,#) 26 E 3 Mile Rd,, Sault Sainte Marie, MI 49783 Broadcasting (except Internet) Term Loan 6.75% 2/7/2024 627.4 627.4 118.1 0.03 %
Specialty Surgery Center, Inc. (*,#,^) 5505 Peachtree Dunwoody Rd Stes 640,645, Atlanta, GA 30342 Ambulatory Health Care Services Term Loan Prime plus 0% 6/28/2029 1,158.8 1,158.8 186.1 0.05 %
Street Magic Enterprise LLC dba New Lisbon Travel Mart (*,#,^) 1700 East Bridge St, New Lisbon, WI 53950 Gasoline Stations Term Loan 7.5% 11/7/2042 419.0 419.0 139.8 0.04 %
Studio Find It Georgia Inc (*,#,^) 3399 Peachtree Rd NE, Ste 400, Atlanta, GA 30326 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 0% 5/13/2026 14.8 14.8 5.3 0.00 %
262
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)
Suncrest Stone Products LLC (*,#,^) 341 County Farm Rd, Ashburn, GA 31714 Nonmetallic Mineral Product Manufacturing Term Loan 7.25% 8/29/2041 608.6 608.6 116.1 0.03 %
Suncrest Stone Products LLC (*,#,^) 341 County Farm Rd, Ashburn, GA 31714 Nonmetallic Mineral Product Manufacturing Term Loan 7.5% 8/29/2026 535.4 535.4 129.7 0.04 %
T and B Boots Inc dba Takken's Shoes (*,#) 72 South Main St, Templeton, CA 93465 Clothing and Clothing Accessories Stores Term Loan 7.25% 12/7/2026 95.2 95.2 79.8 0.02 %
Tarver-Henley Inc. and Tar-Hen LLC (*,#,^) 2125 College Ave, Jackson, AL 36545 Building Material and Garden Equipment and Supplies Dealers Term Loan 7.75% 6/21/2042 97.8 97.8 49.7 0.01 %
The Jig, LLC (*,#,^) 3115 Camp Phillips Rd, Wausau, WI 54403 Food Services and Drinking Places Term Loan 8.25% 10/24/2042 25.0 25.0 24.4 0.01 %
The Lake Shore Hospitality Inc dba Dowagiac Baymont Inn & Suites (*,#,^) 29291 Amerihost Drive, Dowagiac, MI 49047 Accommodation Term Loan 8.25% 12/5/2041 335.1 335.1 328.0 0.10 %
The Woods at Bear Creek LLC and Bear Creek Entertainment LLC dba The (*,#) 3510 Bear Creek Rd, Franklinville, NY 14737 Accommodation Term Loan 7% 9/29/2039 489.6 489.6 474.0 0.14 %
TX Superior Communications, LLC (*,#,^) 6223 Krempen Ave, San Antonio, TX 78233 Specialty Trade Contractors Term Loan 8% 3/19/2028 85.5 85.5 15.1 0.00 %
United States Plastic Equipment LLC (*,#,^) 4447 OH-303, Mantua, OH 44255 Merchant Wholesalers, Durable Goods Term Loan 8.25% 12/13/2028 110.5 110.5 26.4 0.01 %
Victorian Restaurant and Tavern, LLC (*,#,^) 226 Maple Ave, Cheshire, CT 6410 Food Services and Drinking Places Term Loan 8.25% 2/22/2042 104.4 104.4 27.9 0.01 %
Webb Eye Associates, PA (*,#,^) 1720 S W W White Rd, San Antonio, TX 78220 Ambulatory Health Care Services Term Loan 7.25% 7/19/2027 71.2 71.2 33.8 0.01 %
White Hawk Inc. (*,#,^) 2101 Dr. Martin Luther King Jr. Blvd, Stockton, CA 95205 Truck Transportation Term Loan 8.25% 12/15/2026 917.5 917.5 99.4 0.03 %
Wilban LLC (*,#,^) 454 US Hwy 22, Whitehouse Station, NJ 8889 Food Services and Drinking Places Term Loan 7.5% 3/11/2026 44.2 44.2 43.7 0.01 %
Wilban LLC (*,#) 454 US Hwy 22, Whitehouse Station, NJ 8889 Food Services and Drinking Places Term Loan 7.25% 3/28/2039 238.6 238.6 103.5 0.03 %
Zeeba Company, Inc dba Zeeba Rent-A-Van & 5 Star Rent- A-Van (*,#,^) 3200 Wilshire Blvd Ste 1000, Los Angeles, CA 90010 Transit and Ground Passenger Transportation Term Loan 7.75% 9/27/2028 638.9 638.9 450.9 0.13 %
Zahmel Restaurant Suppliers Corp dba Cash & Carry;Zahners Hardware;Zan (*,#,^) 33-51 11th St, Astoria, NY 11106 Merchant Wholesalers, Nondurable Goods Term Loan 8.25% 4/28/2027 75.8 75.8 74.2 0.02 %
Total Unguaranteed Non-Accrual SBA Investments 55,442.8 55,442.8 $ 29,418.5 8.67 %
Total Unguaranteed SBA Investments $ 420,399.9 $ 420,399.9 $ 407,747.9 120.15 %

263
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)

Lulubelle's Mountain Banana Bread LLC 1063 Carousel Rd, Lake Arrowhead, CA 92352 Food Manufacturing Term Loan Prime plus 2.75% 12/21/2045 $ 750.0 $ 750.0 $ 848.0 0.25 %
Moon Group, Inc. 145 Moon Rd, Chesapeake City, MD 21915 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 2.75% 6/27/2029 3,385.0 3,385.0 3,634.3 1.07 %
Beau & HB Inc. dba Beau’s Billard, Bowling & Arcade 100 Village Rd, Port Lavaca, TX 77979 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 2.75% 3/16/2029 113.0 113.0 122.0 0.04 %
Hackstaff Restaurants 248 W 1st. St Ste 201, Reno, NV 89501 Food Services and Drinking Places Term Loan Prime plus 2.75% 7/15/2029 426.0 426.0 461.0 0.14 %
American Pharmaceutical Innovation Company, LLC 1425 Centre Circle, Downers Grove, IL 60515 Chemical Manufacturing Term Loan Prime plus 2.75% 3/28/2027 45.2 45.2 45.2 0.01 %
Matrix Z LLC 800 SW 21st Terrace, Ft Lauderdale, FL 33312 Nonmetallic Mineral Product Manufacturing Term Loan Prime plus 6.5% 2/27/2029 11.1 11.1 11.1 — %
Rello Inc. 8063 Jericho Turnpike, Woodbury, NY 11797 Personal and Laundry Services Term Loan Prime plus 6.5% 4/17/2029 5.4 5.4 5.4 — %
2Choice2Friends LLC 901 W Braker Lane, Austin, TX 78758 Food Services and Drinking Places Term Loan Prime plus 6.5% 4/17/2029 11.3 11.3 11.3 — %
NYM Solutions Inc. 12150 SW 128th St CT Ste 209, Miami, FL 33186 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 5/6/2029 11.3 11.3 11.3 — %
Crystal Cleaning Service 26 Cooper Rd, Byhalia, MS 38611 Administrative and Support Services Term Loan Prime plus 6.5% 5/9/2029 9.1 9.1 9.1 — %
Clowers Trucking by Faith LLC 705 E Brookwood PL, Valdosta, GA 31601 Truck Transportation Term Loan Prime plus 6.5% 5/23/2029 11.2 11.2 11.2 — %
MCM Design LLC 5926 Vinings Vintage Way, Mableton, GA 30126 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 5/23/2029 8.8 8.8 8.8 — %
Still Photography 195 Terrace Place, Apt. 2, Brooklyn, NY 11218 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 6/6/2029 11.4 11.4 11.4 — %
Archer Cleaners Inc. 1514 W. 33rd St, Chicago, IL 60608 Personal and Laundry Services Term Loan Prime plus 6.5% 6/10/2029 11.4 11.4 11.4 — %
Law Office of Paula Padilla PLLC 2211 E Highland Ave Ste 130, Phoenix, AZ 85016 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 6/13/2029 4.6 4.6 4.6 — %
Bonadi Inc. 9858 W Sample Rd, Coral Springs, FL 33065 Personal and Laundry Services Term Loan Prime plus 6.5% 6/17/2029 11.4 11.4 11.4 — %
Campuscuts LLC 930 Robtrice Ct, Edmond, OK 73430 Personal and Laundry Services Term Loan Prime plus 6.5% 6/21/2029 6.8 6.8 6.8 — %
Port Diesel LLC 3212 Alex Trask Drive, Castle Hayne, NC 28429 Repair and Maintenance Term Loan Prime plus 6.5% 6/21/2029 11.4 11.4 11.4 — %
Menshka Inc. 88 High St, Mountclair, NJ 07042 Ambulatory Health Care Services Term Loan Prime plus 6.5% 7/10/2029 11.5 11.5 11.5 — %
The Bean Coffee Company, LLC 112 South Main St, Spring Hill, KS 66083 Food Services and Drinking Places Term Loan Prime plus 6.5% 7/17/2029 11.5 11.5 11.5 — %
Lawrence Adeyemo & Co LLC 209-34 112 Ave, Queens Village, NY 11429 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 7/19/2029 9.2 9.2 9.2 — %
Gradstreet LLC 2437 Corinth Ave Apt 130, Los Angeles, CA 90064 Nonstore Retailers Term Loan Prime plus 6.5% 7/30/2029 7.3 7.3 7.3 — %
A&S Services LLC 3888 Lightner Rd, Vandalia, OH 45377 Food Services and Drinking Places Term Loan Prime plus 6.5% 8/7/2029 11.5 11.5 11.5 — %
264
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Crystal Clear Accounting 34099 Tuscan Creek Way, Temecula, CA 92592 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 8/26/2029 2.9 2.9 2.9 — %
Doghouse Sport Fishing Charters Inc. 83413 Overseas Hwy, Islamorada, FL 33036 Scenic and Sightseeing Transportation Term Loan Prime plus 6.5% 8/30/2029 11.5 11.5 11.5 — %
No Push Back LLC 2223 Dungan Ave, Bensalem, PA 19020 Personal and Laundry Services Term Loan Prime plus 6.5% 8/30/2029 11.2 11.2 11.2 — %
Softcare247 LLC 4191 Naco Perrin Blvd, San Antonio, TX 78217 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 9/11/2029 11.8 11.8 11.8 — %
Host Marketing LLC 206 Bell Lane, Ste B, West Monroe, LA 71291 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 9/18/2029 11.6 11.6 11.6 — %
Standard Real Estate Services LLC 500 West Silver Spring Drive, Ste K 200,, Glendale, WI 53217 Real Estate Term Loan Prime plus 6.5% 9/19/2029 11.6 11.6 11.6 — %
Bargain Store 107 Tabernacle Church Rd, Candor, NC 27229 General Merchandise Stores Term Loan Prime plus 6.5% 10/11/2029 11.6 11.6 11.6 — %
Powerlift Dumbwaiters Inc. 2444 Georgia Slide Rd, Georgetown, CA 95634 Machinery Manufacturing Term Loan Prime plus 6.5% 10/16/2029 11.3 11.3 11.3 — %
Pine Mountain Residential LLC 10240 Cosmopolitan Circle, Parker, CO 80134 Specialty Trade Contractors Term Loan Prime plus 6.5% 10/16/2029 11.6 11.6 11.6 — %
James Clark and Company Inc. 8885 Haven Ave, Ste 120, Rancho Cucamonga, CA 91730 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 10/22/2029 11.6 11.6 11.6 — %
Deer Valley Sport Shop LLC 507 Bamboo Rd, Boone, NC 28607 Amusement, Gambling, and Recreation Industries Term Loan Prime plus 6.5% 11/7/2029 12.0 12.0 12.0 — %
Sean McNamara 5639 Wood Lane, Allentown, PA 18106 Nonstore Retailers Term Loan Prime plus 6.5% 11/14/2029 11.7 11.7 11.7 — %
The Pinnacle Group 105 Springside Drive, Akron, OH 44333 Social Assistance Term Loan Prime plus 6.5% 11/14/2029 11.7 11.7 11.7 — %
Pen’s Electric Company, Inc 504 Fairfax Ave, Nashville, TN 37212 Specialty Trade Contractors Term Loan Prime plus 6.5% 11/21/2029 11.9 11.9 11.9 — %
Standard Capital Corp. 2349 Wessington Drive, Virginia Beach, VA 23456 Insurance Carriers and Related Activities Term Loan Prime plus 6.5% 12/5/2029 11.8 11.8 11.8 — %
Scott’s Hardware Inc 200 Tuckerton Rd, Medford, NJ 8055 Building Material and Garden Equipment and Supplies Dealers Term Loan Prime plus 6.5% 12/6/2029 11.8 11.8 11.8 — %
HADD Corp 364 Rugby Rd, Cedarhurst, NY 11516 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/17/2029 11.8 11.8 11.8 — %
La Tradicion Cubana Inc. 9357 S.W. 40th St, Miami, FL 33165 Miscellaneous Store Retailers Term Loan Prime plus 6.5% 12/20/2029 11.8 11.8 11.8 — %
This is a Fly Closet LLC 12408 Kingsview St, Bowie, MD 20721 Clothing and Clothing Accessories Stores Term Loan Prime plus 6.5% 1/30/2030 11.8 11.8 11.8 — %
2 N 1 Home and Lawn LLC 1300 Ridenour Blvd, Kennesaw, GA 30152 Administrative and Support Services Term Loan Prime plus 6.5% 2/3/2030 11.9 11.9 11.9 — %
All Modes Transportation and Logistics 4313 Collingtree Drive, Rockledge, FL 32955 Support Activities for Transportation Term Loan Prime plus 6.5% 2/14/2030 11.9 11.9 11.9 — %
Green Farm Inc. 1018 W SR 424 Ste 100, Longwood, FL 32750 Food and Beverage Stores Term Loan Prime plus 6.5% 11/19/2030 12.5 12.5 12.5 — %
265
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Caraniologie LLC 225 Wall St, Ste 102A, Vail, CO 81657 General Merchandise Stores Term Loan Prime plus 6.5% 11/20/2030 12.5 12.5 12.5 — %
Kendra Leigh Boyer CPA 5068 Dupont Court E, Santa Rosa, CA 95409 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 11/20/2030 12.5 12.5 12.5 — %
Flex Beauty Labs LLC 7512 Dr. Phillip Blvd, Orlando, FL 32819 Merchant Wholesalers, Nondurable Goods Term Loan Prime plus 6.5% 11/24/2030 12.5 12.5 12.5 — %
Dearly Loved Counseling LLC 14052 N Dale Mabry Hwy, Ste 215, Tampa, FL 33618 Social Assistance Term Loan Prime plus 6.5% 11/24/2030 12.5 12.5 12.5 — %
Diane's Accounting Service 119 E Haywood St, England, AR 72046 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/3/2030 12.5 12.5 12.5 — %
Combs Creative LLC 157 Antler Ridge Circle,, Nashville, TN 37214 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/4/2030 5.5 5.5 5.5 — %
Travel with Love, LLC 8465 W Sahara Ave, Ste 111, Las Vegas, NV 89117 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/4/2030 5.0 5.0 5.0 — %
R. JOHNSON CRAFTSMANSHIP 346 Spring Garden Rd, Milford, NJ 8848 Specialty Trade Contractors Term Loan Prime plus 6.5% 12/4/2030 10.0 10.0 10.0 — %
Jamali LLC 2741 Raceway Fairfield West, Pensacola, FL 32505 Food Services and Drinking Places Term Loan Prime plus 6.5% 12/11/2030 12.5 12.5 12.5 — %
Donald W. Harris 1625 US-59 N, Linden, TX 75563 Warehousing and Storage Term Loan Prime plus 6.5% 12/11/2030 12.5 12.5 12.5 — %
David Benson LLC 1422 Euclid Ave, Cleveland, OH 44115 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/16/2030 12.5 12.5 12.5 — %
Savannah Area Language & Culture Exchange, LLC 6 Dovetail Crossing, Savannah, GA 31419 Educational Services Term Loan Prime plus 6.5% 12/16/2030 12.5 12.5 12.5 — %
Vege Investments, LLC 26400 SW 177th Ave, Homestead, FL 33031 Gasoline Stations Term Loan Prime plus 6.5% 12/16/2030 12.5 12.5 12.5 — %
ASIL Ventures, LLC 444 N Michigan Ave, Ste 1200, Chicago, IL 60611 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/22/2030 4.3 4.3 4.3 — %
SPECTRUM DYNAMICS, INC 27727 Dalton Bluff Court, Katy, TX 77494 Professional, Scientific, and Technical Services Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.5 — %
Pittman Holdings LLC DBA Maple Bourbon 1116 E Main St, Richmond, VA 23219 Food Services and Drinking Places Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.5 — %
KCL Business Service Inc 1042 San Fernando Rd., San Fernando, CA 91340 Performing Arts, Spectator Sports, and Related Industries Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.5 — %
Chris' Angels Cleanning Service LLC 2090 Dunwoody Club Drive, Sandy Springs, GA 30350 Administrative and Support Services Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.5 — %
Tiki Torch Liquors 101 Dallas St., Talihima, OK 74571 Food and Beverage Stores Term Loan Prime plus 6.5% 12/23/2030 12.5 12.5 12.5 — %
AJN Innocations LLC 6704 Main St, Miami Lakes, FL 33014 Food Services and Drinking Places Term Loan Prime plus 2.75% 2/15/2031 329.5 329.5 365.0 0.11 %
The Cow Harbor Beer Company 19 Scudder Ave, Northport, NY 11768 Beverage and Tobacco Product Manufacturing Term Loan Prime plus 2.75% 2/11/2031 878.2 878.2 972.6 0.29 %
NJ Floats 327 Route 202/206, Bedminster Township, NJ 7921 Computer and Electronic Product Manufacturing Term Loan Prime plus 2.75% 2/12/2046 437.0 437.0 494.9 0.15 %
266
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Kuros LLC dba Alexander Lake Lodge 21221 Baron Lake Drive, Cedaredge, CO 81413 Accommodation Term Loan Prime plus 2.75% 11/19/2045 246.8 246.8 279.2 0.08 %
Emmalina LLC 3602 Rock Bay Drive, Louisville, KY 40245 Food Services and Drinking Places Term Loan Prime plus 2.75% 5/21/2030 34.9 34.9 38.5 0.01 %
Sherwood Sporthorses Inc. 20502 Forestview, Magnolia, TX 77355 Personal and Laundry Services Term Loan Prime plus 2.75% 5/21/2046 615.9 615.9 698.3 0.21 %
Chet Lemon Enterprises 1544 Lane Park Cut off, Tavares, FL 32778 Personal and Laundry Services Term Loan Prime plus 2.75% 3/3/2031 622.0 622.0 688.9 0.20 %
Jones Roger Shermann Inn Inc. 195 Oenoke Ridge, New Canaan, CT 6840 Food Services and Drinking Places Term Loan Prime plus 2.75% 6/4/2030 86.3 86.3 95.3 0.03 %
The Hall at the Yard 1412 Alden Rd, Orlando, FL 32803 Food Services and Drinking Places Term Loan Prime plus 2.75% 4/2/2031 761.6 761.6 846.4 0.25 %
Edel Family Management Corp 2207 Coney Island Ave, Brooklyn, NY 11223 PPP Term Loan 1.0% 4/30/2022 39.2 39.2 39.2 0.01 %
The Rabbi Grafman Endowment Fund for Temple Emanu-El 2100 Highland Ave South, Birmingham, AL 35205 PPP Term Loan 1.0% 4/30/2022 3.0 3.0 3.0 — %
Surf Cup Sports 2037 Park Dale Ln, Encinitas, CA 92024 PPP Term Loan 1.0% 4/30/2022 19.0 19.0 19.0 0.01 %
AM House 22322 Burton St, Canoga Park, CA 91304 PPP Term Loan 1.0% 4/30/2022 7.7 7.7 7.7 — %
Eat Here LLC 500 S Main St, Las Vegas, NV 89101 PPP Term Loan 1.0% 4/30/2022 4.8 4.8 4.8 — %
Masood A. Rizvi, MD. 900 Pompton Ave, Ste B-1, Cedar Grove, NJ 7009 PPP Term Loan 1.0% 4/30/2022 3.8 3.8 3.8 — %
Casetabs 3333 Michelson Dr, Ste 240, Irvine, CA 92612 PPP Term Loan 1.0% 4/30/2022 38.5 38.5 38.5 0.01 %
James D. Paliwoda, A Law Corporation 1000 Lakes Dr, Ste 230, West Covina, CA 91790 PPP Term Loan 1.0% 4/30/2022 12.3 12.3 12.3 — %
Medical Review Service 13400 Marsh Landing, West Palm Beach, FL 33418 PPP Term Loan 1.0% 4/30/2022 31.3 31.3 31.3 0.01 %
North Carolina Custom Modulars, LLC 1936 US-64, Murphy, NC 27203 PPP Term Loan 1.0% 4/30/2022 7.8 7.8 7.8 — %
Thrive TC LLC 4888 Town Center Pkwy, Ste 106, Jacksonville, FL 32246 PPP Term Loan 1.0% 5/4/2022 5.5 5.5 5.5 — %
Kenco Inc 774 Mays Blvd, Ste 10-574, Incline Village, NV 89451 PPP Term Loan 1.0% 5/4/2022 2.4 2.4 2.4 — %
Glynwood Center, Inc. 362 Glynwood Rd, Cold Spring, NY 10516 PPP Term Loan 1.0% 5/4/2022 30.3 30.3 30.3 0.01 %
San Basilio, LLC 12305 SW 38th St, Ocala, FL 34481 PPP Term Loan 1.0% 5/4/2022 2.5 2.5 2.5 — %
Stephen Binder DDS 3900 W Fullerton Ave, Chicago, IL 60647 PPP Term Loan 1.0% 5/4/2022 3.0 3.0 3.0 — %
Mto Summerlin 10970 Rosemary Park Drive, Ste #100, Las Vegas, NV 89135 PPP Term Loan 1.0% 5/4/2022 4.8 4.8 4.8 — %
Asthma & Allergy Medical Care, P.C. 68 Nassau Rd, Huntington, NY 11743 PPP Term Loan 1.0% 5/4/2022 16.1 16.1 16.1 — %
267
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
SK8CLICK INC 17062 Westport Dr, Huntington Beach, CA 92649 PPP Term Loan 1.0% 5/4/2022 1.9 1.9 1.9 — %
Provino's South, Inc. 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 5/5/2022 18.2 18.2 18.2 0.01 %
Kore Surgical Inc 26636 Fond Du Lac Rd, Rancho Palos Verdes, CA 90275 PPP Term Loan 1.0% 5/5/2022 8.0 8.0 8.0 — %
Buddy's Towing 830 Birch St, Daytona Beach, FL 32117 PPP Term Loan 1.0% 5/5/2022 4.0 4.0 4.0 — %
EON.AI LLC 3401 North Miami Ave, Ste 211, Miami, FL 33127 PPP Term Loan 1.0% 5/5/2022 2.5 2.5 2.5 — %
Superior Property Solutions 7009 E Country Highlands Dr, Floral City, FL 34436 PPP Term Loan 1.0% 5/5/2022 2.5 2.5 2.5 — %
WHO Insurance Agency Inc 708 6th Ave SE #A, Decatur, AL 35601 PPP Term Loan 1.0% 5/5/2022 0.9 0.9 0.9 — %
Ventum LLC 2775 South Hwy 40, Ste 4, Heber City, UT 84032 PPP Term Loan 1.0% 5/5/2022 8.1 8.1 8.1 — %
MacLeod and Company 3161 Michelson Dr, Irvine, CA 92612 PPP Term Loan 1.0% 5/5/2022 7.5 7.5 7.5 — %
Dance Daly Studio, LLC 24000 Alicia Parkway, #33, Mission Viejo, CA 92691 PPP Term Loan 1.0% 5/5/2022 5.2 5.2 5.2 — %
Julius Schwarz LLC 50 Pascack Rd, Hillsdale, NJ 7642 PPP Term Loan 1.0% 5/5/2022 4.0 4.0 4.0 — %
West & East Art Group 9 N Moore St, New York, NY 10013 PPP Term Loan 1.0% 5/5/2022 3.3 3.3 3.3 — %
Soudan Metals Co 319 W 40th Pl, Chicago, IL 60609 PPP Term Loan 1.0% 5/5/2022 64.3 64.3 64.3 0.02 %
American Showcase Modulars, LLC 6281 US-29, Blairs, VA 24527 PPP Term Loan 1.0% 5/5/2022 6.7 6.7 6.7 — %
Swirnow Capital Management Corp 500 Harborview Drive, Third Floor, Baltimore, MD 21230 PPP Term Loan 1.0% 5/5/2022 10.0 10.0 10.0 — %
acaso master fund llc 6710 Benjamin Rd, Ste 100, Tampa, FL 33634 PPP Term Loan 1.0% 5/6/2022 0.7 0.7 0.7 — %
GMS Racing LLC 1980 Festival Plaza Dr, Ste 770, Las Vegas, NV 89135 PPP Term Loan 1.0% 5/6/2022 130.0 130.0 130.0 0.04 %
D Bober LLC dba the Public Private Network 445 Hamilton Ave, Ste 1102, White Plains, NY 10601 PPP Term Loan 1.0% 5/6/2022 2.8 2.8 2.8 — %
Ntrepid LLC 12801 Worldgate Dr, Ste 800, Herndon, VA 20170 PPP Term Loan 1.0% 5/6/2022 720.2 720.2 720.2 0.21 %
South Bay Cable 54125 Maranatha Dr, Idyllwild, CA 92549 PPP Term Loan 1.0% 5/6/2022 80.4 80.4 80.4 0.02 %
Basic L Corporation dba Action Industries 1120 Olympic Dr, Corona, CA 92881 PPP Term Loan 1.0% 5/7/2022 43.1 43.1 43.1 0.01 %
Fernway Solutions Inc. 34 Tidal Way, San Mateo, CA 94401 PPP Term Loan 1.0% 5/7/2022 3.8 3.8 3.8 — %
KJM Medical, LLC 3012 Pinehurst Dr., Montgomery, AL 36111 PPP Term Loan 1.0% 5/7/2022 1.0 1.0 1.0 — %
268
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Nolan Construction 10 Fairway Drive, Deerfield Beach, FL 33441 PPP Term Loan 1.0% 5/7/2022 2.1 2.1 2.1 — %
Care Values, Inc. 1905 Woodstock Rd, Ste 1250, Roswell, GA 30075 PPP Term Loan 1.0% 5/7/2022 14.1 14.1 14.1 — %
Fried Chicken Kitchen LLC 1750 Market St, San Francisco, CA 94102 PPP Term Loan 1.0% 5/7/2022 42.7 42.7 42.7 0.01 %
Playback, Inc. 17 Ridge Ave, Natick, MA 1760 PPP Term Loan 1.0% 5/7/2022 4.7 4.7 4.7 — %
Conglomerated Hosts, LTD 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 5/8/2022 12.7 12.7 12.7 — %
David A Beach, DMD, MS, PA 27605 Cashford Circle, Ste 101, Wesley Chapel, FL 33544 PPP Term Loan 1.0% 5/8/2022 6.6 6.6 6.6 — %
Fleming Island Dental Care 1590 Island Ln, Ste 12, Fleming Island, FL 32003 PPP Term Loan 1.0% 5/8/2022 6.9 6.9 6.9 — %
Dominion Glass & Mirror Inc. 14707-B Willard Rd, Chantilly, VA 20151 PPP Term Loan 1.0% 5/8/2022 20.4 20.4 20.4 0.01 %
Allergy & Asthma Associates of Murray Hill, P.C. 35 E 35th St, Ste 202, New York, NY 10016 PPP Term Loan 1.0% 5/8/2022 17.1 17.1 17.1 0.01 %
Jeff O. Gonzalez, M.D., P.A. 2140 W 68th St, Ste 300, Hialeah, FL 33016 PPP Term Loan 1.0% 5/11/2022 2.1 2.1 2.1 — %
J.P. Makhlouf, M.D., F.A.A.P., & Tiziana Anello, M.D., F.A.A.P., P.A. d/b/a Roseland Pediatrics 556 Eagle Rock Ave, Ste 106, Roseland, NJ 7068 PPP Term Loan 1.0% 5/11/2022 12.8 12.8 12.8 — %
Sweet Dreams 480 Mondi Dr, Woodstock, GA 30188 PPP Term Loan 1.0% 5/11/2022 5.0 5.0 5.0 — %
Legg's Welding Inc. 5871 Clay Hwy, Bickmore, WV 25019 PPP Term Loan 1.0% 5/11/2022 9.5 9.5 9.5 — %
Drobu Media 1010 Brickell Ave Unit 4105, Miami, FL 33131 PPP Term Loan 1.0% 5/11/2022 2.1 2.1 2.1 — %
Urban Clarity 13 S Elliott Pl, Brooklyn, NY 11217 PPP Term Loan 1.0% 5/11/2022 2.1 2.1 2.1 — %
Scott Zucker P.A. 633 S Andrews Ave, #203, Fort Lauderdale, FL 33301 PPP Term Loan 1.0% 5/11/2022 1.0 1.0 1.0 — %
Landmark IV Realty Inc. 3990 Sheridan St, Ste 105, Hollywood, FL 33021 PPP Term Loan 1.0% 5/11/2022 0.9 0.9 0.9 — %
Leader, Leader & Zucker, PLLC 633 S Andrews Ave, #201, Fort Lauderdale, FL 33301 PPP Term Loan 1.0% 5/11/2022 5.0 5.0 5.0 — %
Therapeutic Equestrian Center Inc 115 Stonecrop Lane, Cold Spring, NY 10516 PPP Term Loan 1.0% 5/11/2022 6.5 6.5 6.5 — %
Rodney and Bernstein P.A. 1925 Brickell Ave, Ste D-207, Miami, FL 33129 PPP Term Loan 1.0% 5/11/2022 17.1 17.1 17.1 0.01 %
Tyler Pidgeon Sole Proprietor 10200 Sporting Club Drive, Raleigh, NC 27617 PPP Term Loan 1.0% 5/11/2022 0.9 0.9 0.9 — %
Altea Group LLC 4510 Cheltenham Dr, Bethesda, MD 20814 PPP Term Loan 1.0% 5/12/2022 1.2 1.2 1.2 — %
269
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Temple Emanu-El 2100 Highland Ave, Birmingham, AL 35205 PPP Term Loan 1.0% 5/12/2022 28.0 28.0 28.0 0.01 %
American Automotive Aftermarket Inc. 50 Dunham Rd, Billerica, MA 1821 PPP Term Loan 1.0% 5/12/2022 22.0 22.0 22.0 0.01 %
Stanton Schwartz Design Group LLC 346 Congress St, #201, Boston, MA 2210 PPP Term Loan 1.0% 5/12/2022 0.6 0.6 0.6 — %
Ernst Architect, PLLC 177 W Broadway, 3rd Floor, New York, NY 10013 PPP Term Loan 1.0% 5/12/2022 17.6 17.6 17.6 0.01 %
Dental Designs of Fort Myers, LLC 3220 Forum Blvd, #104, Fort Myers, FL 33905 PPP Term Loan 1.0% 5/12/2022 34.8 34.8 34.8 0.01 %
RX Psychological Services, LLC 5300 McNutt Rd, Ste 12, Santa Teresa, NM 88008 PPP Term Loan 1.0% 5/12/2022 2.1 2.1 2.1 — %
KKAP El Sereno Laundry, LLC 4899 Huntington Drive North, Los Angeles, CA 90032 PPP Term Loan 1.0% 5/12/2022 1.8 1.8 1.8 — %
KTF Consulting 2471 N Geneva Terrace, Chicago, IL 60614 PPP Term Loan 1.0% 5/12/2022 3.3 3.3 3.3 — %
HL Group Inc. 16690 Swingley Ridge Rd, Ste 100, Chesterfield, MO 63017 PPP Term Loan 1.0% 5/13/2022 16.0 16.0 16.0 — %
Child Welfare League of America Inc. 727 15th St NW, Ste 1200, Washington, DC 20005 PPP Term Loan 1.0% 5/13/2022 20.0 20.0 20.0 0.01 %
Gray Global Advisors, LLC 300 New Jersey Ave NW, 9th Floor, Washington, DC 20001 PPP Term Loan 1.0% 5/13/2022 8.1 8.1 8.1 — %
OrtenB Software 519 Lori Drive, Benicia, CA 94510 PPP Term Loan 1.0% 5/13/2022 0.8 0.8 0.8 — %
Z Valet, Inc. 4221 Wilshire blvd, Ste 170-11, Los Angeles, CA 90010 PPP Term Loan 1.0% 5/13/2022 33.9 33.9 33.9 0.01 %
Quality Pool Management 161 Rombout Rd, Poughkeepsie, NY 12603 PPP Term Loan 1.0% 5/13/2022 6.4 6.4 6.4 — %
Weisner Steel Products 77 Moraga Way, Ste F, Orinda, CA 94563 PPP Term Loan 1.0% 5/13/2022 24.2 24.2 24.2 0.01 %
Myrna Casta 1801 Century Park E, Ste 1100, Los Angeles, CA 90067 PPP Term Loan 1.0% 5/13/2022 1.8 1.8 1.8 — %
Fairview Ford Sales, Inc. 292 N G St, San Bernardino, CA 92410 PPP Term Loan 1.0% 5/13/2022 143.9 143.9 143.9 0.04 %
Deep Ellum Art Co. 3200 Commerce St, Dallas, TX 75226 PPP Term Loan 1.0% 5/14/2022 8.0 8.0 8.0 — %
Stress Analysis Services, Inc. 3920 Ira Rd, Akron, OH 44333 PPP Term Loan 1.0% 5/14/2022 19.0 19.0 19.0 0.01 %
Sun Cloud Holdings LLC 65 Hemlock Ln, Highland Park, IL 60035 PPP Term Loan 1.0% 5/14/2022 0.8 0.8 0.8 — %
Retrotope, Inc. 4300 El Camino Real, Ste 201, Los Altos, CA 94022 PPP Term Loan 1.0% 5/14/2022 28.3 28.3 28.3 0.01 %
Mastermind Alliance Wealth Solutions Inc. 5271 Arnica Way, Santa Rosa, CA 95403 PPP Term Loan 1.0% 5/14/2022 0.1 0.1 0.1 — %
270
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Ashford AFH 15527 Burke Ave N, Shoreline, WA 98133 PPP Term Loan 1.0% 5/14/2022 17.3 17.3 17.3 0.01 %
Meredith Ward Fine Art, Inc. 44 East 74th St., Ste G, New York, NY 10021 PPP Term Loan 1.0% 5/14/2022 3.2 3.2 3.2 — %
Tuckahoe Animal Hospital PLLC 20 Depot Square, Tuckahoe, NY 10707 PPP Term Loan 1.0% 5/14/2022 14.0 14.0 14.0 — %
Melbourne United Laser Vision 1478 Highland Ave, Ste A, Melbourne, FL 32935 PPP Term Loan 1.0% 5/14/2022 7.6 7.6 7.6 — %
Martin Medical Group 4422 N 75th St, Unit 4012, Scottsdale, AZ 85251 PPP Term Loan 1.0% 5/14/2022 1.7 1.7 1.7 — %
Dalva Bros Inc. 53 E 77th St, New York, NY 10075 PPP Term Loan 1.0% 5/14/2022 8.5 8.5 8.5 — %
D. R. Horne & Company 117 Mercer St, Princeton, NJ 8540 PPP Term Loan 1.0% 5/14/2022 4.1 4.1 4.1 — %
Uniglobal Pension Planning, Inc. 4114 Legato Rd, Ste 300, Fairfax, VA 22033 PPP Term Loan 1.0% 5/15/2022 14.4 14.4 14.4 — %
Dominic Orfitelli, LLC 7101 Elizabeth Dr, McLean, VA 22101 PPP Term Loan 1.0% 5/15/2022 3.1 3.1 3.1 — %
James Hundshamer CPA 223 S Glendora Ave, Glendora, CA 91741 PPP Term Loan 1.0% 5/15/2022 7.0 7.0 7.0 — %
Grossman LLP 745 5th Ave, Ste 500, New York, NY 10151 PPP Term Loan 1.0% 5/15/2022 7.1 7.1 7.1 — %
Temecula Hot Yoga, LLC DBA Hot Yoga Healthy You 31773 Temecula Pkwy, Temecula, CA 92592 PPP Term Loan 1.0% 5/15/2022 1.7 1.7 1.7 — %
Alpine Metal Products, Inc. 2000 St John St, Easton, PA 18042 PPP Term Loan 1.0% 5/15/2022 25.0 25.0 25.0 0.01 %
Ranco Construction LLC 2 Coleman Ct, Southampton, NJ 8088 PPP Term Loan 1.0% 5/15/2022 52.9 52.9 52.9 0.02 %
Rumi K. Lakha D.O., Inc. 7136 Pacific Blvd, Ste 225, Huntington Park, CA 90255 PPP Term Loan 1.0% 5/15/2022 21.7 21.7 21.7 0.01 %
Chatham Pathology and Associates 5353 Reynolds St, Savannah, GA 31405 PPP Term Loan 1.0% 5/15/2022 16.8 16.8 16.8 — %
Kevin C. McWilliams 225 W 35th St 14th Floor, New York, NY 10001 PPP Term Loan 1.0% 5/15/2022 3.0 3.0 3.0 — %
Timothy G Greco, MD A Prof Corp 1260 Crestview Drive, Fullerton, CA 92833 PPP Term Loan 1.0% 5/15/2022 3.4 3.4 3.4 — %
F T Brooks Inc. 1206 Powhatan St, Alexandria, VA 22314 PPP Term Loan 1.0% 5/15/2022 2.1 2.1 2.1 — %
3 Options Consulting 2215 Palmer Pl, Tustin, CA 92782 PPP Term Loan 1.0% 5/15/2022 4.9 4.9 4.9 — %
Marti E. Peck PhD 3990 Old Town Ave, Ste B100, San Diego, CA 92110 PPP Term Loan 1.0% 5/15/2022 2.3 2.3 2.3 — %
Brookhollow Management Company 151 Kalmus Drive, F-1, Costa Mesa, CA 92626 PPP Term Loan 1.0% 5/15/2022 30.6 30.6 30.6 0.01 %
Mayer Fayes 18800 NE 29th Ave., Apt 114, Aventura, FL 33180 PPP Term Loan 1.0% 5/15/2022 0.6 0.6 0.6 — %
Richard C. Watts, Inc. 1602 E 4th St, Santa Ana, CA 92701 PPP Term Loan 1.0% 5/18/2022 6.1 6.1 6.1 — %
271
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Paradise Shutters Inc 4353 Canton CT, Gulf Breeze, FL 32563 PPP Term Loan 1.0% 5/18/2022 2.4 2.4 2.4 — %
M&A Services 320 East 53rd St, New York, NY 10022 PPP Term Loan 1.0% 5/18/2022 12.6 12.6 12.6 — %
BEACHES JET SET PETS INC 949 12th Ave South, Jacksonville Beach, FL 32250 PPP Term Loan 1.0% 5/18/2022 9.5 9.5 9.5 — %
Hotel Cheval, LLC 1021 Pine St, Paso Robles, CA 93446 PPP Term Loan 1.0% 5/18/2022 17.5 17.5 17.5 0.01 %
Kohcoon LLC 4060 Woodridge Rd, Miami, FL 33133 PPP Term Loan 1.0% 5/18/2022 2.9 2.9 2.9 — %
Leader & Leader P.A. 633 S Andrews Ave, #201, Fort Lauderdale, FL 33301 PPP Term Loan 1.0% 5/18/2022 2.3 2.3 2.3 — %
Michael J Scherb DMD PA 2143 South Us Hwy 1, Jupiter, FL 33477 PPP Term Loan 1.0% 5/18/2022 14.2 14.2 14.2 — %
McGee Media LLC 156 Katonah Ave., Ste #202, Katonah, NY 10536 PPP Term Loan 1.0% 5/18/2022 106.0 106.0 106.0 0.03 %
te Neues Publishing Company LP 350 7th Ave, Ste 301, New York, NY 10001 PPP Term Loan 1.0% 5/18/2022 12.1 12.1 12.1 — %
South City Construction 1111 Rancho Conejo Blvd, #205, Newbury Park, CA 91320 PPP Term Loan 1.0% 5/18/2022 24.0 24.0 24.0 0.01 %
Elixir Corporation 305 Shawnee North Drive, Ste 250, Suwanee, GA 30024 PPP Term Loan 1.0% 5/18/2022 11.3 11.3 11.3 — %
Olivenhain Capital Partners 3521 Fortuna Ranch Rd, Encinitas, CA 92024 PPP Term Loan 1.0% 5/18/2022 5.4 5.4 5.4 — %
Roselle-Stacy, Inc. 204 Sinclair Pl, Westfield, NJ 7090 PPP Term Loan 1.0% 5/18/2022 1.3 1.3 1.3 — %
Lisa Stransky Real Estate LLC 10000 Falls Rd, Ste 300, Potomac, MD 20854 PPP Term Loan 1.0% 5/18/2022 4.7 4.7 4.7 — %
JLR Realty Inc 119 Circle Dr, Manhasset, NY 11030 PPP Term Loan 1.0% 5/18/2022 3.1 3.1 3.1 — %
Aldene Industrial Park 204 Sinclair Pl, Westfield, NJ 7090 PPP Term Loan 1.0% 5/18/2022 2.2 2.2 2.2 — %
Yu-Song Yen DDS 5222 Balboa Ave, Ste 71, San Diego, CA 92117 PPP Term Loan 1.0% 5/18/2022 3.3 3.3 3.3 — %
Wheelhouse Life Science Advisors 927 Regalo Way, San Ramon, CA 94583 PPP Term Loan 1.0% 5/18/2022 11.6 11.6 11.6 — %
Keldon Paper Company 5960 Boxford Ave, Commerce, CA 90040 PPP Term Loan 1.0% 5/19/2022 11.9 11.9 11.9 — %
Mark E Goldberg, esq. 130 North Main St, Port Chester, NY 10573 PPP Term Loan 1.0% 5/19/2022 2.1 2.1 2.1 — %
John Woody Inc. 754 Harrison St, Jacksonville, FL 32220 PPP Term Loan 1.0% 5/19/2022 27.6 27.6 27.6 0.01 %
Chophouse 13 11362 San Jose Blvd, Ste 1, Jacksonville, FL 32223 PPP Term Loan 1.0% 5/19/2022 20.4 20.4 20.4 0.01 %
272
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Shorstein & Shorstein PA 8265 Bayberry Rd, Jacksonville, FL 32256 PPP Term Loan 1.0% 5/19/2022 42.3 42.3 42.3 0.01 %
Doctors Medical Center of Walton County, PA 21 W Main Ave, Defuniak Springs, FL 32435 PPP Term Loan 1.0% 5/19/2022 21.9 21.9 21.9 0.01 %
Stephen Wang & Associates 950 3rd Ave, New York, NY 10022 PPP Term Loan 1.0% 5/19/2022 12.5 12.5 12.5 — %
Mecca Resources Inc 3033 Riviera Dr, Ste 101, Naples, FL 34103 PPP Term Loan 1.0% 5/19/2022 6.3 6.3 6.3 — %
Susan Surell 26 Diamond Crest Ct, Baltimore, MD 21209 PPP Term Loan 1.0% 5/19/2022 1.0 1.0 1.0 — %
SHAWN KASSMAN ESQ., P.C. 110 Carleton Ave, Central Islip, NY 11722 PPP Term Loan 1.0% 5/19/2022 1.8 1.8 1.8 — %
Sybil Hill 1479 Mossy Branch Way, Mt Pleasant, SC 29464 PPP Term Loan 1.0% 5/19/2022 0.8 0.8 0.8 — %
Felica Zwebner Design LLC 115 W 29th St, New York, NY 10001 PPP Term Loan 1.0% 5/19/2022 0.8 0.8 0.8 — %
Robert Giarrusso 9 Sabine Lane, Hardyston, NJ 7416 PPP Term Loan 1.0% 5/19/2022 0.6 0.6 0.6 — %
Susan Iannelli 26 Court St, Ste 1805, Brooklyn, NY 11242 PPP Term Loan 1.0% 5/19/2022 1.0 1.0 1.0 — %
Sharrets, Paley, Carter & Blauvelt, PC 75 BRd St, New York, NY 10004 PPP Term Loan 1.0% 5/19/2022 13.8 13.8 13.8 — %
CCG Advisors 817 W Peachtree St, Ste 205, Atlanta, GA 30308 PPP Term Loan 1.0% 5/19/2022 21.5 21.5 21.5 0.01 %
The Croft Offshore, LLC 1030 Bayside Ln, Weston, FL 33326 PPP Term Loan 1.0% 5/19/2022 1.3 1.3 1.3 — %
ABRAHAM J DANIEL 18851 NE 29th Ave, #700, Aventura, FL 33180 PPP Term Loan 1.0% 5/19/2022 2.1 2.1 2.1 — %
Sodales Partners LLC 11 Random Farms Circle, Chappaqua, NY 10514 PPP Term Loan 1.0% 5/19/2022 1.5 1.5 1.5 — %
Mark Allen & Company, LLC 450 W 17th St, Unit 738, New York, NY 10011 PPP Term Loan 1.0% 5/19/2022 2.2 2.2 2.2 — %
Susan Giarrusso 9 Sabine Ln, Franklin, NJ 7416 PPP Term Loan 1.0% 5/19/2022 0.3 0.3 0.3 — %
SA Legends Lacrosse LLC 1011 Rancho Conejo Blvd, Newbury Park, CA 91320 PPP Term Loan 1.0% 5/19/2022 10.1 10.1 10.1 — %
Laura Billon 1286 El Mercado Way,, Unit C, Oceanside, CA 92057 PPP Term Loan 1.0% 5/19/2022 0.1 0.1 0.1 — %
Serge Loobkoff 215 S Santa Fe Ave, Ste 15, Los Angeles, CA 90012 PPP Term Loan 1.0% 5/19/2022 0.2 0.2 0.2 — %
Florida Premier Cardiology LLC 11195 Jog Rd, Ste 6, Boynton Beach, FL 33437 PPP Term Loan 1.0% 5/19/2022 8.0 8.0 8.0 — %
Specialty Coverage Insurance Agency (SPCIA) 1 Water St, 2nd Floor, Mystic, CT 6355 PPP Term Loan 1.0% 5/20/2022 3.2 3.2 3.2 — %
Gregory A. Ebenfeld PA 11011 Sheridan St, Ste 113, Hollywood, FL 33026 PPP Term Loan 1.0% 5/20/2022 2.2 2.2 2.2 — %
273
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Caveonix 7777 Leesburg Pike, Ste 303 South, Falls Church, VA 22043 PPP Term Loan 1.0% 5/20/2022 31.0 31.0 31.0 0.01 %
Seamus Henchy and Associates 145 Hudson St, New York, NY 10013 PPP Term Loan 1.0% 5/20/2022 10.0 10.0 10.0 — %
Drink Here LLC 6410 S DURANGO DR, Ste 100, Las Vegas, NV 89113 PPP Term Loan 1.0% 5/20/2022 4.6 4.6 4.6 — %
Sunren International, LLC 1141 Orange Ave, Monrovia, CA 91016 PPP Term Loan 1.0% 5/20/2022 4.2 4.2 4.2 — %
Melanie L Kemmerer, DMD, PLLC 110 SW Suwannee Ave, Branford, FL 32008 PPP Term Loan 1.0% 5/20/2022 2.9 2.9 2.9 — %
Sierra Music Publications, Inc. 2711 N Idaho Rd, Liberty Lake, WA 99019 PPP Term Loan 1.0% 5/20/2022 1.6 1.6 1.6 — %
AllianceRad LLC 425 N Ocean Blvd, Unit 4, Boca Raton, FL 33432 PPP Term Loan 1.0% 5/20/2022 2.1 2.1 2.1 — %
Testicular Cancer Commons 5415 SW 149th Ave, Beaverton, OR 97007 PPP Term Loan 1.0% 5/20/2022 1.0 1.0 1.0 — %
Krista Saloom 7210 Corporate Ct, Frederick, MD 21703 PPP Term Loan 1.0% 5/20/2022 1.3 1.3 1.3 — %
GARDEN LTC LLC 10 EVANS DRIVE, BROOKVILLE, NY 11545 PPP Term Loan 1.0% 5/20/2022 1.3 1.3 1.3 — %
DIXIE CONTRACT CARPET INC 7523 PHILIPS Hwy, Jacksonville, FL 32256 PPP Term Loan 1.0% 5/20/2022 42.9 42.9 42.9 0.01 %
KKAP Reseda Laundry LLC 18300 Vanowen St, Unit #5, Reseda, CA 91335 PPP Term Loan 1.0% 5/20/2022 0.4 0.4 0.4 — %
RTP Corp. 2832 Center Port Cir, Pompano Beach, FL 33064 PPP Term Loan 1.0% 5/20/2022 39.2 39.2 39.2 0.01 %
KKAP Van Nuys Laundry, LLC 16105 Victory Blvd, Unit 9I, Van Nuys, CA 91406 PPP Term Loan 1.0% 5/20/2022 0.8 0.8 0.8 — %
Brandy Cox, Inc 11818 Cupworth Ct, Huntersville, NC 28078 PPP Term Loan 1.0% 5/20/2022 0.8 0.8 0.8 — %
Steven R Wynn Othidonics 1901 Westcliff Drive, Ste #1, Newport Beach, CA 92660 PPP Term Loan 1.0% 5/20/2022 2.5 2.5 2.5 — %
Mark E Haddad MD Inc PO Box 791507, Paia, HI 96779 PPP Term Loan 1.0% 5/20/2022 1.5 1.5 1.5 — %
The Duncraggen Realty Corp 708 W 192nd St, Ste 1K, New York, NY 10040 PPP Term Loan 1.0% 5/20/2022 0.8 0.8 0.8 — %
Direct Resources Group 1520 4th Ave, Ste 500, Seattle, WA 98101 PPP Term Loan 1.0% 5/21/2022 31.3 31.3 31.3 0.01 %
Patricia Margolin 551 Spring Valley Rd, Paramus, NJ 7652 PPP Term Loan 1.0% 5/21/2022 0.9 0.9 0.9 — %
Herion Productions LLC 95 Thomas Rd, Valatie, NY 12184 PPP Term Loan 1.0% 5/21/2022 1.2 1.2 1.2 — %
Fernando Suarez Physical Therapy, PLLC 72-15 Grand Ave, Maspeth, NY 11378 PPP Term Loan 1.0% 5/21/2022 3.7 3.7 3.7 — %
Gwendolyn Luce 4065 Laguna Way, Palo Alto, CA 94306 PPP Term Loan 1.0% 5/21/2022 0.8 0.8 0.8 — %
274
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Hamilton Technology Services 14115 West 59th Place, Arvada, CO 80004 PPP Term Loan 1.0% 5/21/2022 15.3 15.3 15.3 — %
Routable AI Inc 32 Chester St, Apt 7, Somerville, MA 2144 PPP Term Loan 1.0% 5/21/2022 3.2 3.2 3.2 — %
Michelle Euler 1709 Forest Bend Lane, Keller, TX 76248 PPP Term Loan 1.0% 5/21/2022 1.2 1.2 1.2 — %
Lisa R. Drake PC 3325 Piedmont Rd NE, Unit 3002, Atlanta, GA 30305 PPP Term Loan 1.0% 5/21/2022 2.3 2.3 2.3 — %
KKAP ELA Laundry, LLC 3845 East 3rd St, Los Angeles, CA 90063 PPP Term Loan 1.0% 5/21/2022 1.8 1.8 1.8 — %
North Carolina Baptist Foundation, Inc. 201 Convention Drive, Cary, NC 27511 PPP Term Loan 1.0% 5/21/2022 27.6 27.6 27.6 0.01 %
Taylor SF Inc 333 Bush St, Ste 3705, San Francisco, CA 94104 PPP Term Loan 1.0% 5/21/2022 1.3 1.3 1.3 — %
Carrie Risatti 307 Montana Ave, #201, Santa Monica, CA 90403 PPP Term Loan 1.0% 5/21/2022 1.7 1.7 1.7 — %
Todd Goodman Productions LLC DBA LA Light Photography 1112 Montana Ave, #381, Santa Monica, CA 90403 PPP Term Loan 1.0% 5/21/2022 1.8 1.8 1.8 — %
INNERCONX 641 Ranch Rd, Weston, FL 33326 PPP Term Loan 1.0% 5/21/2022 7.7 7.7 7.7 — %
Ultracare of Manhattan Ltd 800 Second Ave, Ste 905, New York, NY 10017 PPP Term Loan 1.0% 5/21/2022 90.0 90.0 90.0 0.03 %
Frank Betz Associates, Inc. 12045 Hwy 92, Woodstock, GA 30188 PPP Term Loan 1.0% 5/21/2022 20.9 20.9 20.9 0.01 %
Lemon Tree Entertainment, LLC 130 E 94th ST, 9D, New York, NY 10128 PPP Term Loan 1.0% 5/21/2022 1.9 1.9 1.9 — %
Hoops 4 Health 875 Heather Ln, Winnetka, IL 60093 PPP Term Loan 1.0% 5/21/2022 3.4 3.4 3.4 — %
Psychiatry Associates PC 1736 Oxmoor Rd, Ste 103, Birmingham, AL 35209 PPP Term Loan 1.0% 5/21/2022 5.0 5.0 5.0 — %
YourHQ 1592 Union St, #505, San Francisco, CA 94123 PPP Term Loan 1.0% 5/22/2022 1.4 1.4 1.4 — %
EAM Partners L.P. 3131 Maple Ave, Ste 13B, Dallas, TX 75201 PPP Term Loan 1.0% 5/22/2022 3.2 3.2 3.2 — %
S & L Paper Corporation 3500 Hampton Rd, Oceanside, NY 11572 PPP Term Loan 1.0% 5/22/2022 12.9 12.9 12.9 — %
Javalin Group LLC 9735 Rod Rd, Johns Creek, GA 30022 PPP Term Loan 1.0% 5/22/2022 1.3 1.3 1.3 — %
A & L Films, Inc. 16105 Meadowcrest Rd, Sherman Oaks, CA 91403 PPP Term Loan 1.0% 5/22/2022 2.3 2.3 2.3 — %
Inner Pieces 171 Vidal Blvd, Decatur, GA 30030 PPP Term Loan 1.0% 5/22/2022 0.4 0.4 0.4 — %
Maselan & Jones, P.C. One International Place, 8th Floor, Boston, MA 2110 PPP Term Loan 1.0% 5/22/2022 9.4 9.4 9.4 — %
Utility Consulting Group LLC 23679 Calabasas Rd, #263, Calabasas, CA 91302 PPP Term Loan 1.0% 5/22/2022 53.0 53.0 53.0 0.02 %
275
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Platinum Marketing 120 Windermere Drive, Blue Bell, PA 19422 PPP Term Loan 1.0% 5/22/2022 3.6 3.6 3.6 — %
Fybr LLC 640 Cepi Dr, Ste C, Chesterfield, MO 63005 PPP Term Loan 1.0% 5/22/2022 27.3 27.3 27.3 0.01 %
Schlemmer Farms LLC 6167 State Line Rd., Convoy, oh 45832 PPP Term Loan 1.0% 5/22/2022 3.0 3.0 3.0 — %
Black Hawk Inc PO BOX 476, BRISTOL, IN 46507 PPP Term Loan 1.0% 5/22/2022 14.4 14.4 14.4 — %
Steeplechase Amusement Inc 11540 Clover Ave, Los Angeles, CA 90066 PPP Term Loan 1.0% 5/22/2022 4.2 4.2 4.2 — %
Four Paws Animal Hospital PC 199 Broadway, Amityville, NY 11701 PPP Term Loan 1.0% 5/22/2022 4.4 4.4 4.4 — %
L Corp 2190 Talmadge St, Los Angeles, CA 90027 PPP Term Loan 1.0% 5/22/2022 3.3 3.3 3.3 — %
JK Belz & Associates Inc 10580 N McCarran Blvd, #115-222, Reno, NV 89503 PPP Term Loan 1.0% 5/22/2022 4.8 4.8 4.8 — %
South Florida Imaging Consultants LLC 10754 Versailles Blvd, Wellington, FL 33449 PPP Term Loan 1.0% 5/22/2022 4.4 4.4 4.4 — %
Stoker Construction Inc 56471 29 PALMS Hwy, YUCCA VALLEY, CA 92284 PPP Term Loan 1.0% 5/22/2022 14.5 14.5 14.5 — %
JB Press LLC 82 Flamingo Rd, Roslyn, NY 11576 PPP Term Loan 1.0% 5/22/2022 1.4 1.4 1.4 — %
BanzaiFly Inc 3861 Reklaw Drive, Studio City, CA 91604 PPP Term Loan 1.0% 5/22/2022 2.0 2.0 2.0 — %
Anders Environmental LLC 1315 Hartford Dr, Boulder, CO 80305 PPP Term Loan 1.0% 5/22/2022 4.0 4.0 4.0 — %
P3s Corp 21526 Privada Avila, San Antonio, TX 78257 PPP Term Loan 1.0% 5/22/2022 60.8 60.8 60.8 0.02 %
Youth Tennis San Diego Foundation 4490 W Point Loma Blvd, San Diego, CA 92107 PPP Term Loan 1.0% 5/22/2022 0.7 0.7 0.7 — %
Jewish Community Foundation of the West 2130 21st St, Sacramento, CA 95818 PPP Term Loan 1.0% 5/22/2022 1.2 1.2 1.2 — %
Cinema Vehicles 12580 Saticoy St, North Hollywood, CA 91605 PPP Term Loan 1.0% 5/22/2022 59.0 59.0 59.0 0.02 %
Provino's Italian Restaurant, Inc. 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 5/26/2022 25.8 25.8 25.8 0.01 %
Bethany L. LaFlam 9 Acacia Tree Ln, Irvine, CA 92612 PPP Term Loan 1.0% 5/26/2022 1.7 1.7 1.7 — %
Easy Content Media LLC 706 Van Nest Drive, Martinsville, NJ 8836 PPP Term Loan 1.0% 5/26/2022 5.8 5.8 5.8 — %
Bar-Z Anderson LTD Co 1408 Wathen Ave, Austin, TX 78703 PPP Term Loan 1.0% 5/26/2022 5.0 5.0 5.0 — %
The Desai Foundation 209 Burlington Rd, Ste 217, Bedford, MA 1730 PPP Term Loan 1.0% 5/26/2022 5.3 5.3 5.3 — %
JM Robson LPCCS 4807 Rockside Rd, Ste 300, Independence, OH 44131 PPP Term Loan 1.0% 5/26/2022 0.8 0.8 0.8 — %
276
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Improving Communications 105 Haven Ave, Port Washington, NY 11050 PPP Term Loan 1.0% 5/26/2022 2.1 2.1 2.1 — %
Kenneth R. Hughes 3620 Mt Diablo Blvd, Ste 203, Lafayette, CA 94549 PPP Term Loan 1.0% 5/26/2022 2.1 2.1 2.1 — %
Drosihn Construction, Inc. 749 Atherton Ave, Novato, CA 94945 PPP Term Loan 1.0% 5/26/2022 2.6 2.6 2.6 — %
163rd Avenue Investors, LLC 1435 163rd Ave, San Leandro, CA 94578 PPP Term Loan 1.0% 5/26/2022 2.9 2.9 2.9 — %
2875 Sedgwick Owners Corp 708 W 192nd St, Ste 1K, New York, NY 10040 PPP Term Loan 1.0% 5/26/2022 1.3 1.3 1.3 — %
KN Artist Management, LLC 3924 Poppyseed Place, Calabasas, CA 91302 PPP Term Loan 1.0% 5/26/2022 2.1 2.1 2.1 — %
Hunstiger Inc 9120 Rock Pond Way, Colorado Springs, CO 80924 PPP Term Loan 1.0% 5/26/2022 3.3 3.3 3.3 — %
Larry Lawrence Realty, Inc. PO Box 2365, Olympic Valley, CA 96146 PPP Term Loan 1.0% 5/26/2022 4.7 4.7 4.7 — %
Quickway Metal Fabricators 9 Murran Rd, P.O. Box 1378, Monticello, NY 12701 PPP Term Loan 1.0% 5/26/2022 5.9 5.9 5.9 — %
DANGOLD, INC. 138-43 78th Rd, Flushing, NY 11367 PPP Term Loan 1.0% 5/26/2022 1.0 1.0 1.0 — %
TK Food Concepts LLC 107 North 3rd St, Ste 3D, Brooklyn, NY 11249 PPP Term Loan 1.0% 5/26/2022 15.4 15.4 15.4 — %
Jennifer Leigh Cobb 303 Port Royal Way, Pensacola, FL 32502 PPP Term Loan 1.0% 5/26/2022 0.2 0.2 0.2 — %
44678 Valley Center LLC 1417 Antigua Way, Newport Beach, CA 92660 PPP Term Loan 1.0% 5/26/2022 3.0 3.0 3.0 — %
Jennie Kwon Designs 643 S Olive St, Los Angeles, CA 90014 PPP Term Loan 1.0% 5/26/2022 5.4 5.4 5.4 — %
Pacific CCI, Inc 880 W 1st St, #520, Los Angeles, CA 90012 PPP Term Loan 1.0% 5/27/2022 36.4 36.4 36.4 0.01 %
Onchip Systems 1953 O'Toole Way, San Jose, CA 95131 PPP Term Loan 1.0% 5/27/2022 12.8 12.8 12.8 — %
J Partners LLC 4885 Rebel Trail, Atlanta, GA 30327 PPP Term Loan 1.0% 5/27/2022 2.1 2.1 2.1 — %
Craig Iwai 848 S Myrtle Ave, Monrovia, CA 91016 PPP Term Loan 1.0% 5/27/2022 3.6 3.6 3.6 — %
Scalini's, Inc. 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 5/27/2022 17.7 17.7 17.7 0.01 %
Phillip Thomas Inc 210 E 68th St, Ste 9G, New York, NY 10065 PPP Term Loan 1.0% 5/27/2022 8.4 8.4 8.4 — %
X-Pest 100 N Hill Dr, #40, Brisbane, CA 94005 PPP Term Loan 1.0% 5/27/2022 5.0 5.0 5.0 — %
Evalyn Mosser Bookkeeping and Consulting 2436 N Federal Hwy, Ste 474, Lighthouse Point, FL 33064 PPP Term Loan 1.0% 5/27/2022 1.4 1.4 1.4 — %
Hauser Family Foundation 10617 Charleston Drive, Vero Beach, FL 32963 PPP Term Loan 1.0% 5/27/2022 1.3 1.3 1.3 — %
277
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Paige Management LLC 254 Corsair Ave, Lauderdale-By-The-Sea, FL 33308 PPP Term Loan 1.0% 5/27/2022 1.1 1.1 1.1 — %
AC Diel 17 Eton Ct, South Barrington, IL 60010 PPP Term Loan 1.0% 5/27/2022 1.0 1.0 1.0 — %
Robert Frantz MD, Inc 1730 San Ysidro Dr, Beverly Hills, CA 90210 PPP Term Loan 1.0% 5/27/2022 2.1 2.1 2.1 — %
Sports Academy Integrated Sports Medicine, LLC 1011 Rancho Conejo Blvd, Newbury Park, CA 91320 PPP Term Loan 1.0% 5/27/2022 31.4 31.4 31.4 0.01 %
Jasmine Greenhow 4848 E Cactus Rd, Ste 505-473, Scottsdale, AZ 85254 PPP Term Loan 1.0% 5/27/2022 0.7 0.7 0.7 — %
Butterfly Sunrise Corp 2261 Market St, #418, San Francisco, CA 94114 PPP Term Loan 1.0% 5/27/2022 1.3 1.3 1.3 — %
Aqua Flies LLC PO Box 2216, Sebastopol, CA 95473 PPP Term Loan 1.0% 5/27/2022 1.0 1.0 1.0 — %
Bent Tail, Inc. 824 Brooks Ave, Venice, CA 90291 PPP Term Loan 1.0% 5/27/2022 2.1 2.1 2.1 — %
Actors and Others for Animals 11523 Burbank Blvd, North Hollywood, CA 91601 PPP Term Loan 1.0% 5/27/2022 5.6 5.6 5.6 — %
Cabrillo Capital Group, Inc. 15404 Highland Valley Rd, Escondido, CA 92025 PPP Term Loan 1.0% 5/27/2022 4.2 4.2 4.2 — %
Julie Evans Realtor 4 Hopscotch Ln, Savannah, GA 31411 PPP Term Loan 1.0% 5/27/2022 1.7 1.7 1.7 — %
PlayWorks Counseling, LLC 4420 NE St Johns Rd, Ste D, Vancouver, WA 98661 PPP Term Loan 1.0% 5/27/2022 0.6 0.6 0.6 — %
AMAN PC 181 Westfield Ave, Clark, NJ 7066 PPP Term Loan 1.0% 5/27/2022 9.9 9.9 9.9 — %
Joped, Inc. 1411 SE Indian St, Stuart, FL 34997 PPP Term Loan 1.0% 5/27/2022 14.4 14.4 14.4 — %
Marguarite Clark Public Relations 2 New Chardon, Laguna Niguel, CA 92677 PPP Term Loan 1.0% 5/27/2022 3.4 3.4 3.4 — %
Jenius Solutions 2772 Lansdowne Ln SE, Atlanta, GA 30339 PPP Term Loan 1.0% 5/27/2022 1.0 1.0 1.0 — %
Frenchy's 1460 3rd St S, Jacksonville Beach, FL 32250 PPP Term Loan 1.0% 5/28/2022 8.6 8.6 8.6 — %
Hoaka Property Company LLC PO Box 670, Kailua Kona, HI 96745 PPP Term Loan 1.0% 5/28/2022 40.0 40.0 40.0 0.01 %
Fourth Church 1270 Silverado St, La Jolla, CA 92037 PPP Term Loan 1.0% 5/28/2022 3.6 3.6 3.6 — %
Daniel I Richman, MD 429 E 75th St, 6th Floor, New York, NY 10021 PPP Term Loan 1.0% 5/28/2022 16.8 16.8 16.8 — %
SANDLER SEARCH ASSOCIATES, LLC 132 E 35th St, Apt 5E, New York, NY 10016 PPP Term Loan 1.0% 5/28/2022 8.7 8.7 8.7 — %
Yoga Connection of Pembroke Pines, Inc 12592 Pines Blvd, #103, Pembroke Pines, FL 33027 PPP Term Loan 1.0% 5/28/2022 2.3 2.3 2.3 — %
Studio U&A, LLC 231 W 29th St, Ste 1402, New York, NY 10001 PPP Term Loan 1.0% 5/28/2022 1.6 1.6 1.6 — %
278
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Studio LBV 6562 San Vicente Blvd, Los Angeles, CA 90048 PPP Term Loan 1.0% 5/28/2022 1.7 1.7 1.7 — %
Naissan O Wesley, MD, Inc - A Medical Corporation 9201 W Sunset Blvd, Ste 602, Los Angeles, CA 90069 PPP Term Loan 1.0% 5/28/2022 12.3 12.3 12.3 — %
richard noren llc 2101 Waukegan Rd, Ste 110, Bannockburn, IL 60015 PPP Term Loan 1.0% 5/28/2022 2.8 2.8 2.8 — %
Tinny Corporation 100 Bradley St, Middletown, CT 6457 PPP Term Loan 1.0% 5/28/2022 50.2 50.2 50.2 0.01 %
PPJ 2 Carsha Dr, Natick, MA 1760 PPP Term Loan 1.0% 5/28/2022 33.6 33.6 33.6 0.01 %
Dr. Tom Gallant DDS 8906 Colesville Rd, Silver Spring, MD 20910 PPP Term Loan 1.0% 5/28/2022 1.0 1.0 1.0 — %
MLN Partners LLC 550 S Ocean Blvd, Boca Raton, FL 33432 PPP Term Loan 1.0% 5/28/2022 4.2 4.2 4.2 — %
Tucker Investment Group, LLC 5010 Parkway Calabasas, Ste 105, Calabasas, CA 91302 PPP Term Loan 1.0% 5/28/2022 3.4 3.4 3.4 — %
CHANCELLOR CONSULTING GROUP, INC 749 Atherton Ave, Novato, CA 94945 PPP Term Loan 1.0% 5/28/2022 4.2 4.2 4.2 — %
Emeco 805 W Elm Ave, Hanover, PA 17331 PPP Term Loan 1.0% 5/28/2022 50.7 50.7 50.7 0.01 %
Sports Academy Venture Lab, Inc. 1011 Rancho Conejo Blvd, Newbury Park, CA 91320 PPP Term Loan 1.0% 5/28/2022 11.2 11.2 11.2 — %
George Chien 12898 Woodmont Dr, Saratoga, CA 95070 PPP Term Loan 1.0% 5/28/2022 2.6 2.6 2.6 — %
Law Office of Debrah B. Rosenthal, APC 120 Eucalyptus Ln, Costa Mesa, CA 92627 PPP Term Loan 1.0% 5/28/2022 2.7 2.7 2.7 — %
Mamba and Mamacita Sports Foundation 1011 Rancho Conejo Blvd, Newbury Park, CA 91320 PPP Term Loan 1.0% 5/28/2022 3.3 3.3 3.3 — %
TMCG Marketing Inc. dba The Marcom Group 1655 N Main St, #390, Walnut Creek, CA 94596 PPP Term Loan 1.0% 5/28/2022 5.5 5.5 5.5 — %
TrueCustomerSuccess LLC 921 N Idaho St, San Mateo, CA 94401 PPP Term Loan 1.0% 5/28/2022 0.7 0.7 0.7 — %
Tectonics Enterprises Inc 56471 29 PALMS Hwy, YUCCA VALLEY, CA 92284 PPP Term Loan 1.0% 5/28/2022 7.5 7.5 7.5 — %
Julia Obadiah, PC 6370 SW Borland, Ste 200, Tualatin, OR 97062 PPP Term Loan 1.0% 5/28/2022 3.1 3.1 3.1 — %
Jaron Presant, Inc. 752 Juanita Ave, Santa Barbara, CA 93109 PPP Term Loan 1.0% 5/28/2022 2.0 2.0 2.0 — %
Pig Will Productions, Inc. 1957 N Bronson Ave, Los Angeles, CA 90068 PPP Term Loan 1.0% 5/29/2022 1.3 1.3 1.3 — %
Construction Details, LLC 5412 Planting Field Lane, Flowery Branch, GA 30542 PPP Term Loan 1.0% 5/29/2022 2.1 2.1 2.1 — %
Dawn Coleman-Hyman 2505 E 7 st, Long Beach, CA 90804 PPP Term Loan 1.0% 5/29/2022 1.2 1.2 1.2 — %
Benjamin Leshin, M.D. P.C. 1267 Willis St, Redding, CA 96001 PPP Term Loan 1.0% 5/29/2022 2.1 2.1 2.1 — %
279
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Don Dietrich Inc. 240 Main St, Nyack, NY 10960 PPP Term Loan 1.0% 5/29/2022 3.3 3.3 3.3 — %
Shalik, Morris & Company, LLC 80 Crossways Park Dr W, Woodbury, NY 11797 PPP Term Loan 1.0% 5/29/2022 108.3 108.3 108.3 0.03 %
Strategic Code Solutions LLC 182 Summer St, Box 355, Kingston, MA 2364 PPP Term Loan 1.0% 5/29/2022 1.7 1.7 1.7 — %
Elizabeth W. Shull 2600 Wamath Drive, Charlotte, NC 28210 PPP Term Loan 1.0% 5/29/2022 1.7 1.7 1.7 — %
MANHATTAN RETINA & EYE CONSULTANTS 67 E 78th St, Unit 1c, New York, NY 10075 PPP Term Loan 1.0% 5/29/2022 2.8 2.8 2.8 — %
TPR Ent. LTD 644 Fayette Ave, Mamaroneck, NY 10543 PPP Term Loan 1.0% 5/29/2022 6.0 6.0 6.0 — %
Michael E. Cindrich, Attorney At Law 225 Broadway, Ste 2100, San Diego, CA 92101 PPP Term Loan 1.0% 5/29/2022 5.0 5.0 5.0 — %
HCMA Consultants, Inc. 1802 Harper Rd, Ste 102, Beckley, WV 25801 PPP Term Loan 1.0% 5/29/2022 14.5 14.5 14.5 — %
Electric Sales Associates, Inc 2121 N Commerce Pkwy, Weston, FL 33326 PPP Term Loan 1.0% 5/29/2022 20.0 20.0 20.0 0.01 %
Derco Construction, Inc. 1771 Blount Rd, #509, Pompano Beach, FL 33069 PPP Term Loan 1.0% 5/29/2022 5.3 5.3 5.3 — %
Brink Design LLC 1088 Longley Ave NW, Atlanta, GA 30318 PPP Term Loan 1.0% 5/29/2022 2.9 2.9 2.9 — %
7D Surgical USA Inc. 2711 Centerville Rd, Ste 400, Wilmington, DE 19808 PPP Term Loan 1.0% 5/29/2022 25.2 25.2 25.2 0.01 %
BY BABBA Inc 6 St Johns Ln, New York, NY 10013 PPP Term Loan 1.0% 5/29/2022 6.9 6.9 6.9 — %
Joseph W Robb DDS Inc A Dental Corp 56 Penny Lane, Ste A, Watsonville, CA 95076 PPP Term Loan 1.0% 5/29/2022 9.5 9.5 9.5 — %
Stix,LLC 7805 NW Beacon Square Blvd, Ste 201, Boca Raton, FL 33487 PPP Term Loan 1.0% 5/29/2022 3.3 3.3 3.3 — %
LB Eatery, LLC 1781 Village Ln N, Wantagh, NY 11793 PPP Term Loan 1.0% 5/29/2022 3.9 3.9 3.9 — %
DRAWINGROOM LLC 73 Milland Dr, Mill Valley, CA 94941 PPP Term Loan 1.0% 5/29/2022 2.1 2.1 2.1 — %
NOVA Fisheries, Inc. 2532 Yale Ave. E, Seattle, WA 98102 PPP Term Loan 1.0% 5/29/2022 3.1 3.1 3.1 — %
POTOMAC GLEN DAY SCHOOL 9908 S Glen Rd, Potomac, MD 20854 PPP Term Loan 1.0% 5/29/2022 13.9 13.9 13.9 — %
SLS Partners Inc 6844 Spyglass Ln, Rancho Santa Fe, CA 92067 PPP Term Loan 1.0% 5/29/2022 2.7 2.7 2.7 — %
Steve Kupfer Consulting 290 6th Ave, Brooklyn, NY 11215 PPP Term Loan 1.0% 5/29/2022 2.1 2.1 2.1 — %
Dreyfus Advisors, LLC 448 Springer Rd., Fairfield, CT 6824 PPP Term Loan 1.0% 5/29/2022 2.1 2.1 2.1 — %
Hawk Management LLC 2305 W Horizon Ridge Pkwy, #2024, Henderson, NV 89052 PPP Term Loan 1.0% 5/29/2022 18.9 18.9 18.9 0.01 %
280
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Lenat & Partners, Inc. 1633 Old Bayshore Hwy, Ste 220, Burlingame, CA 94010 PPP Term Loan 1.0% 5/29/2022 1.5 1.5 1.5 — %
Knock Out Productions Inc. 21425 Dumetz Rd, Woodland Hills, CA 91364 PPP Term Loan 1.0% 5/29/2022 2.3 2.3 2.3 — %
Southside Cleaning Service, Inc. 2969 Riverwood Terrace, Birmingham, AL 35242 PPP Term Loan 1.0% 5/29/2022 0.6 0.6 0.6 — %
DELUCA MASONRY CONSTRUCTION LLC 4 Stone Cir, Norwood, MA 2062 PPP Term Loan 1.0% 5/29/2022 3.4 3.4 3.4 — %
Atlanta Consulting Engineers, Inc. 500 Sun Valley Drive, Unit G2, Roswell, GA 30076 PPP Term Loan 1.0% 5/29/2022 9.3 9.3 9.3 — %
Sirockman Management LLC 1600 Northside Dr NW, Ste 100, Atlanta, GA 30318 PPP Term Loan 1.0% 5/29/2022 2.1 2.1 2.1 — %
Nicholas Thaler PHD 2950 S Bentley Ave, Unit 10, Los Angeles, CA 90064 PPP Term Loan 1.0% 5/29/2022 2.2 2.2 2.2 — %
Atlas Compensation Partners , LLC. 2200 Anna Mae Drive, Coraopolis, PA 15108 PPP Term Loan 1.0% 5/29/2022 1.0 1.0 1.0 — %
Scelsi & Associates LLC 76 E Euclid Ave, Haddonfield, NJ 8033 PPP Term Loan 1.0% 5/29/2022 9.9 9.9 9.9 — %
Headhunter Inc 3380 SW 11th AVE, FT LAUDERDALE, FL 33315 PPP Term Loan 1.0% 5/29/2022 78.2 78.2 78.2 0.02 %
Hi Point, LLC 10798 LONESOME DOVE TRAIL, Waxahachie, TX 77808 PPP Term Loan 1.0% 5/29/2022 2.8 2.8 2.8 — %
Construction Solutions and Services LLC 7698 Hoffy Cir, Lake Worth, FL 33467 PPP Term Loan 1.0% 5/29/2022 1.1 1.1 1.1 — %
Curtis A Mellon, ReMax Anchor, MLS Detectives Group 3941 Tamiami Trail, Ste 3121, Punta Gorda, FL 33950 PPP Term Loan 1.0% 5/29/2022 4.1 4.1 4.1 — %
Vicarious Music LLC 70 Berry St, Ste 2C, Brooklyn, NY 11249 PPP Term Loan 1.0% 5/29/2022 0.6 0.6 0.6 — %
Raidah Hudson Dentistry 4374 S Laburnum Ave, Richmond, VA 23231 PPP Term Loan 1.0% 5/29/2022 2.5 2.5 2.5 — %
Clifton Triplett 90 S Tranquil Path, Spring, TX 77380 PPP Term Loan 1.0% 5/29/2022 3.7 3.7 3.7 — %
Benton Oil & Gas LLC 2700 Post Oak Blvd, #2700, Houston, TX 77056 PPP Term Loan 1.0% 5/29/2022 0.6 0.6 0.6 — %
TLM Equities LLC 8 Saddle Ridge Rd, Old Westbury, NY 11568 PPP Term Loan 1.0% 5/29/2022 2.0 2.0 2.0 — %
Xtreme Acro and Cheer Inc. 14702 Southlawn Ln, Rockville, MD 20850 PPP Term Loan 1.0% 5/29/2022 5.0 5.0 5.0 — %
Jeffrey Bayer CPA, P.C. 240 Kent Ave, Brooklyn, NY 11249 PPP Term Loan 1.0% 5/29/2022 2.2 2.2 2.2 — %
Josefa  F Simkin 266 Green Valley Rd, Freedom, CA 95019 PPP Term Loan 1.0% 5/29/2022 1.2 1.2 1.2 — %
Calgo Mfg Inc 9930 Research Drive, Ste 100, Irvine, CA 92618 PPP Term Loan 1.0% 5/29/2022 2.0 2.0 2.0 — %
Haley Glazer Geriatric Care Management, LLC 40 Bradway Ave, Ewing Township, NJ 8618 PPP Term Loan 1.0% 6/1/2022 3.3 3.3 3.3 — %
281
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Snipers Lacrosse Inc 1024 W Heritage Club Cir, Delray Beach, FL 33483 PPP Term Loan 1.0% 6/1/2022 2.6 2.6 2.6 — %
Makena Tech Solutions, Inc 232 N Lone Hill Ave, Glendora, CA 91741 PPP Term Loan 1.0% 6/1/2022 3.9 3.9 3.9 — %
Michael A Friedman, MD 2675 N Decatur Rd, Decatur, GA 30033 PPP Term Loan 1.0% 6/1/2022 1.7 1.7 1.7 — %
Kevin A. Swersey Wine Consultant, Inc. 612 Pondside Dr, White Plains, NY 10607 PPP Term Loan 1.0% 6/1/2022 0.2 0.2 0.2 — %
Clozd 2801 N Thanksgiving Way, Ste 190, Lehi, UT 84043 PPP Term Loan 1.0% 6/1/2022 10.6 10.6 10.6 — %
Triple Aught Foundation 24052 Watergap Rd, Hiko, NV 89017 PPP Term Loan 1.0% 6/1/2022 6.7 6.7 6.7 — %
Bonsecours Productions Inc. 420 Riverside Drive, New York, NY 10025 PPP Term Loan 1.0% 6/1/2022 1.2 1.2 1.2 — %
Tova1 Corp 21 S Hope Chapel Rd, Jackson Township, NJ 8527 PPP Term Loan 1.0% 6/1/2022 8.4 8.4 8.4 — %
Exclusive 30A Rentals, LLC 20 Mark Twain lane, Inlet Beach, FL 32461 PPP Term Loan 1.0% 6/1/2022 8.7 8.7 8.7 — %
Eric Fischl 3724 24th St, #113, Long Island City, NY 11101 PPP Term Loan 1.0% 6/1/2022 1.9 1.9 1.9 — %
Senior Resouces Guide LLC PO Box 6027, Denver, CO 80206 PPP Term Loan 1.0% 6/1/2022 2.7 2.7 2.7 — %
Lori B. Birndorf, D.O., A Medical Corporation 12139 Riverside Drive, Valley Village, CA 91607 PPP Term Loan 1.0% 6/1/2022 3.0 3.0 3.0 — %
James E. Schad 260 Hampton Farms Ct NE, Marietta, GA 30068 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
VCSC 11627 Versailles Lakes Ln, Houston, TX 77082 PPP Term Loan 1.0% 6/1/2022 2.4 2.4 2.4 — %
MRV Associates 19 Fox Meadow Rd, Scarsdale, NY 10583 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
Welles & Montgomery LLC 770 Wildwood Rd NE, Atlanta, GA 30324 PPP Term Loan 1.0% 6/1/2022 0.7 0.7 0.7 — %
Lubin & Meyer, PC 100 City Hall Plaza, Boston, MA 2108 PPP Term Loan 1.0% 6/1/2022 63.0 63.0 63.0 0.02 %
Broomstick Productions Inc 10866 Wilshire Blvd, 10th Floor, Los Angeles, CA 90024 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
LAUREL RACQUET AND HEALTH CLUB INC 204 Fort Meade Rd, Laurel, MD 20707 PPP Term Loan 1.0% 6/1/2022 5.3 5.3 5.3 — %
Special Events Staffing 1015 N Lake Ave, Ste 205, Pasadena, CA 91104 PPP Term Loan 1.0% 6/1/2022 54.6 54.6 54.6 0.02 %
BOWIE RACQUET AND FITNESS CLUB, INC 100 White Marsh Park Dr, Bowie, MD 20715 PPP Term Loan 1.0% 6/1/2022 28.1 28.1 28.1 0.01 %
Tiny Transformations 222 N Henry St, Apt 2, Brooklyn, NY 11222 PPP Term Loan 1.0% 6/1/2022 0.5 0.5 0.5 — %
JAM Marketing, Inc. 736 Broadway, 4th Floor, New York, NY 10003 PPP Term Loan 1.0% 6/1/2022 1.1 1.1 1.1 — %
282
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Schroeder Arts Consulting LLC 35 W 90th St, Ste 9F, New York, NY 10024 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
CATHY FRANKLIN 124 EAST 92ND St, NEW YORK, NY 10128 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
R.E. Hazard Contracting Company 401 B St, Ste 2400, San Diego, CA 92101 PPP Term Loan 1.0% 6/1/2022 6.3 6.3 6.3 — %
Sterling Creek Energy LLC 308 N Colorado St, Ste 200, Midland, TX 79701 PPP Term Loan 1.0% 6/1/2022 1.6 1.6 1.6 — %
J. B. GOOD RESOURCES, LLC 257 Abercorn Circle, Chapel Hill, NC 27516 PPP Term Loan 1.0% 6/1/2022 1.1 1.1 1.1 — %
Bull City Sue 228 Pineview Rd, Durham, NC 27707 PPP Term Loan 1.0% 6/1/2022 1.0 1.0 1.0 — %
Get Wired Tec, Inc. 2192 Lysander Ave, Simi Valley, CA 93065 PPP Term Loan 1.0% 6/1/2022 4.0 4.0 4.0 — %
A&J Enterprises, Inc. 250 Columbine Unit 503, Denver, CO 80206 PPP Term Loan 1.0% 6/1/2022 2.2 2.2 2.2 — %
Steven F. Stratton 200 E Randolph St, Chicago, IL 60601 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
Colgate McCallum Advisors Inc 5440 Harvest Hill Rd., #253, Dallas, TX 75230 PPP Term Loan 1.0% 6/1/2022 14.6 14.6 14.6 — %
Hafner Research Associates LLC 12 Quarry Ridge Rd, Sandy Hook, CT 6482 PPP Term Loan 1.0% 6/1/2022 1.8 1.8 1.8 — %
JD Digital Documentation 408 E. 4th St, Ste 301A, Bridgeport, PA 19405 PPP Term Loan 1.0% 6/1/2022 3.6 3.6 3.6 — %
Richard A Stevenson DDS 6851 Belfort Oaks Pl, Jacksonville, FL 32216 PPP Term Loan 1.0% 6/1/2022 4.2 4.2 4.2 — %
Eco Tekk 21136 N Andover Rd, Kildeer, IL 60047 PPP Term Loan 1.0% 6/1/2022 4.5 4.5 4.5 — %
Franz Weber, Inc. PO Box 34000, Reno, NV 89533 PPP Term Loan 1.0% 6/1/2022 2.2 2.2 2.2 — %
Bailey and Owens Construction 2649 Valleydale Rd, Birmingham, AL 35244 PPP Term Loan 1.0% 6/1/2022 17.5 17.5 17.5 0.01 %
Levin's Crosstown Supply Corp. 1347 Boston Rd, Bronx, NY 10456 PPP Term Loan 1.0% 6/1/2022 6.5 6.5 6.5 — %
Egan-Wagner Corporation 2929 Two Paths Dr, Woodridge, IL 60517 PPP Term Loan 1.0% 6/1/2022 4.4 4.4 4.4 — %
MW Engineering 2001 W Alameda Dr, Ste 201, Tempe, AZ 85282 PPP Term Loan 1.0% 6/1/2022 6.6 6.6 6.6 — %
New Soho Gallery Inc., DBA Julie Saul Projects 1133 Broadway, Ste 733, New York, NY 10010 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
Judy DeCanio 171 E 77th St, New York, NY 10075 PPP Term Loan 1.0% 6/1/2022 2.0 2.0 2.0 — %
Fedbiz Consulting Inc. 47522 Coldspring Pl, Sterling, VA 20165 PPP Term Loan 1.0% 6/1/2022 4.3 4.3 4.3 — %
Quad Cities Autism Center Inc 2430 6th Ave, Moline, IL 61265 PPP Term Loan 1.0% 6/1/2022 14.6 14.6 14.6 — %
The On The Line Company, Inc 101 Arch St, Ste 225, Boston, MA 2110 PPP Term Loan 1.0% 6/1/2022 9.7 9.7 9.7 — %
283
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
FVC Associates Exec.Dev.&Strategy, Inc. 97 Aldrich St, Boston, MA 2131 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
Barnhill Chiropractic Clinic 5270 Northwest 34th Blvd., Gainesville, FL 32605 PPP Term Loan 1.0% 6/1/2022 3.3 3.3 3.3 — %
Guest Associates, Inc. 2707 Artie St SW, Bldg 300, Ste 2, Huntsville, AL 35805 PPP Term Loan 1.0% 6/1/2022 3.8 3.8 3.8 — %
LG Networks Inc 8111 Lyndon B Johnson Fwy, Ste 700, Dallas, TX 75251 PPP Term Loan 1.0% 6/1/2022 15.1 15.1 15.1 — %
Steve Solodoff 1523 Portola St, Davis, CA 95616 PPP Term Loan 1.0% 6/1/2022 2.1 2.1 2.1 — %
Orange Park Travel 3657 St Johns Ave, Jacksonville, FL 32205 PPP Term Loan 1.0% 6/2/2022 6.3 6.3 6.3 — %
Alessandra Santopietro 88 Leonard St, Apt 517, New York, NY 10013 PPP Term Loan 1.0% 6/2/2022 1.8 1.8 1.8 — %
Pacific Design Directions, Inc. 8171 E Kaiser Blvd, Anaheim, CA 92808 PPP Term Loan 1.0% 6/2/2022 44.6 44.6 44.6 0.01 %
Paul T.C. Liu MD Inc. 2233 Huntington Dr, San Marino, CA 91108 PPP Term Loan 1.0% 6/2/2022 7.5 7.5 7.5 — %
JAB Executive Services 11277 Gravitation Dr, Las Vegas, NV 89135 PPP Term Loan 1.0% 6/2/2022 2.1 2.1 2.1 — %
Glyphix Studio Inc. 6964 Shoup Ave, Canoga Park, CA 91307 PPP Term Loan 1.0% 6/2/2022 4.9 4.9 4.9 — %
E & J Frankel Limited 612 Pondside Dr, White Plains, NY 10607 PPP Term Loan 1.0% 6/2/2022 1.5 1.5 1.5 — %
Trapwire Inc. 1818 Library St, Reston, VA 20190 PPP Term Loan 1.0% 6/2/2022 24.4 24.4 24.4 0.01 %
Chitra Kumar MD 5311 John F. Kennedy Blvd, West New York, NJ 7093 PPP Term Loan 1.0% 6/2/2022 2.9 2.9 2.9 — %
Robert M. Worman, P.A 1200 S Pine Island Rd, Ste 220, Plantation, FL 33324 PPP Term Loan 1.0% 6/2/2022 1.2 1.2 1.2 — %
Innervision Technology Relocation Company 3780 Kilroy Airport Way, Ste 200-300, Long Beach, CA 90806 PPP Term Loan 1.0% 6/2/2022 7.4 7.4 7.4 — %
Marilyn Ontell Management 14 W 17th St, Ste 5S, New York, NY 10011 PPP Term Loan 1.0% 6/2/2022 0.3 0.3 0.3 — %
Residential Origination Capital Mortgage Corp. 5698 Pirrone Rd, Salida, CA 95368 PPP Term Loan 1.0% 6/2/2022 4.5 4.5 4.5 — %
Jessica Weber Design Inc 305 7th Ave, New York, NY 10001 PPP Term Loan 1.0% 6/2/2022 3.9 3.9 3.9 — %
TK Digital Corporation 107 North 3rd St, Ste 3D, Brooklyn, NY 11249 PPP Term Loan 1.0% 6/2/2022 10.8 10.8 10.8 — %
Provino's of North Gwinnett, Inc. 14485 Hopewell Rd, Alpharetta, GA 30004 PPP Term Loan 1.0% 6/2/2022 24.0 24.0 24.0 0.01 %
General Glass 3646 23rd Ave S, #105, Lake Worth, FL 33461 PPP Term Loan 1.0% 6/2/2022 13.3 13.3 13.3 — %
Zola Electric Labs, Inc. 555 De Haro St, San Francisco, CA 94107 PPP Term Loan 1.0% 6/2/2022 50.0 50.0 50.0 0.01 %
284
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Elena Napolitano MD, LLC 58 Summit Ct, Westfield, NJ 7090 PPP Term Loan 1.0% 6/2/2022 1.0 1.0 1.0 — %
T-Cubed Ventures, LLC 3317 P St NW, Washington, DC 20007 PPP Term Loan 1.0% 6/2/2022 0.3 0.3 0.3 — %
St. Jude Emergency Medical Group Inc. 9930 Research Dr, Irvine, CA 92618 PPP Term Loan 1.0% 6/2/2022 24.5 24.5 24.5 0.01 %
Breiner Psychological Services LLC 5825 Glenridge Dr, Bldg 3, Ste 101C, Atlanta, GA 30328 PPP Term Loan 1.0% 6/2/2022 1.2 1.2 1.2 — %
Spruce Street Tap PO Box 1636, Asheville, NC 28802 PPP Term Loan 1.0% 6/2/2022 68.5 68.5 68.5 0.02 %
ICVM Group, INC. PO Box 761, Mattituck, NY 11952 PPP Term Loan 1.0% 6/2/2022 7.2 7.2 7.2 — %
Black Orchard Studios, LLC 521 Eayrestown Rd, Southampton, NJ 8088 PPP Term Loan 1.0% 6/2/2022 1.0 1.0 1.0 — %
Prime Refrigerant Services, LLC 511 Gates Creek Rd, Bradenton, FL 34212 PPP Term Loan 1.0% 6/2/2022 1.2 1.2 1.2 — %
Swiet411, Inc. 247 Maxwell St, Decatur, GA 30030 PPP Term Loan 1.0% 6/2/2022 2.5 2.5 2.5 — %
Wavecrest Sales LLC 501 NE Wavecrest Way, Boca Raton, FL 33432 PPP Term Loan 1.0% 6/2/2022 2.0 2.0 2.0 — %
Alarm Specialist Inc 333 Old Tarrytown Rd, White Plains, NY 10603 PPP Term Loan 1.0% 6/2/2022 20.0 20.0 20.0 0.01 %
CLG LLC 5108 Baroque Cir NE, Atlanta, GA 30342 PPP Term Loan 1.0% 6/2/2022 2.1 2.1 2.1 — %
HIGGINS CONSTRUCTION LLC 1626 Dunkirk Ln N, Plymouth, MN 55447 PPP Term Loan 1.0% 6/2/2022 4.2 4.2 4.2 — %
RBR Associates, LLC 11720 Dancliff Trce, Alpharetta, GA 30009 PPP Term Loan 1.0% 6/2/2022 2.1 2.1 2.1 — %
Life Without Fear Chiropractic Clinic LLC 1925 Justice Drive, Ste 170, Lexington, KY 40509 PPP Term Loan 1.0% 6/2/2022 2.5 2.5 2.5 — %
Joseph B. Krauss, DDS 3351 El Camino Real, Ste 235, Atherton, CA 94027 PPP Term Loan 1.0% 6/2/2022 9.4 9.4 9.4 — %
Flynn Gallagher Associates LLC 1980 Festival Plaza Dr, Ste 770, Las Vegas, NV 89135 PPP Term Loan 1.0% 6/2/2022 23.2 23.2 23.2 0.01 %
FGR Automation, LLC 1800 Sunset Harbor, Unit 1202, Miami Beach, FL 33139 PPP Term Loan 1.0% 6/3/2022 7.1 7.1 7.1 — %
Law Offices of Rajiv S Khanna PC 5225 N. Wilson Blvd, Arlington, VA 22205 PPP Term Loan 1.0% 6/3/2022 31.3 31.3 31.3 0.01 %
Travel Etcetera, Inc. 1107 S Fair Oaks Ave, Pasadena, CA 91105 PPP Term Loan 1.0% 6/3/2022 0.6 0.6 0.6 — %
Samantha Hundshamer 8223 Leucite Ave, Rancho Cucamonga, CA 91730 PPP Term Loan 1.0% 6/3/2022 0.8 0.8 0.8 — %
Porretta/Westenhagen Living Trust 6454 Van Nuys Blvd, Ste 150, Van Nuys, CA 91401 PPP Term Loan 1.0% 6/3/2022 6.9 6.9 6.9 — %
Monument Management Systems LLC 2400 Sisson St, Baltimore, MD 21211 PPP Term Loan 1.0% 6/3/2022 8.8 8.8 8.8 — %
285
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Compass Management Services LLC 1711 Parklake Village Dr, Katy, TX 77450 PPP Term Loan 1.0% 6/3/2022 1.1 1.1 1.1 — %
El Tigre Productions LLC 14 West 17th St, New York, NY 10011 PPP Term Loan 1.0% 6/3/2022 1.8 1.8 1.8 — %
UVR Sculpture LLC 78 Ingraham St, Brooklyn, NY 11237 PPP Term Loan 1.0% 6/3/2022 9.8 9.8 9.8 — %
Solomon Construction Consulting LLC 38 Turtle Cove Ln, Huntington, NY 11743 PPP Term Loan 1.0% 6/3/2022 0.7 0.7 0.7 — %
Fisher Vista, Inc. 119 Marina Ave, Ste A, Aptos, CA 95003 PPP Term Loan 1.0% 6/3/2022 3.3 3.3 3.3 — %
New York Construction Associates LLC 242 West 36th St, Ste 704, New York, NY 10018 PPP Term Loan 1.0% 6/3/2022 9.8 9.8 9.8 — %
Ultimate Sports Medicine 3727 Buchanan St., Ste 203, San Francisco, CA 94123 PPP Term Loan 1.0% 6/3/2022 2.1 2.1 2.1 — %
Princeton Van Service 92 north main St bldg 4, WINDSOR, NJ 8561 PPP Term Loan 1.0% 6/3/2022 1.7 1.7 1.7 — %
Crescent Oil and Gas, LLC 4925 Greenville Ave, Ste 600, Dallas, TX 75206 PPP Term Loan 1.0% 6/3/2022 2.1 2.1 2.1 — %
David H.C. King, M.D., Inc. 320 Dardanelli Ln, Ste 23B, Los Gatos, CA 95032 PPP Term Loan 1.0% 6/3/2022 3.8 3.8 3.8 — %
Renuart Enterprises Inc. (REI) 16950 SW 90th Ave, Palmetto Bay, FL 33157 PPP Term Loan 1.0% 6/3/2022 7.3 7.3 7.3 — %
Integrated risk management services, llc 225 West 34th St, Ste 905, New York, NY 10122 PPP Term Loan 1.0% 6/3/2022 0.6 0.6 0.6 — %
Subterranean Hair 263 W 7th St, San Pedro, CA 90731 PPP Term Loan 1.0% 6/3/2022 0.9 0.9 0.9 — %
Steven R Bateh, DMD, PA 1305 N Orange Ave, #116, Green Cove Springs, FL 32043 PPP Term Loan 1.0% 6/3/2022 3.7 3.7 3.7 — %
Apache Behavioral Health Services, Inc. 249 W Ponderosa St, Whiteriver, AZ 85941 PPP Term Loan 1.0% 6/3/2022 241.1 241.1 241.1 0.07 %
Saecularia LLC 1552 N Cahuenga Blvd, Los Angeles, CA 90028 PPP Term Loan 1.0% 6/3/2022 3.8 3.8 3.8 — %
Bennett Elia 3304 Cole Ave, Ste 171, Dallas, TX 75204 PPP Term Loan 1.0% 6/3/2022 4.2 4.2 4.2 — %
HAssan Medical Pain Relief and Wellness Center. DBA: Hassan Spine and Sports Medicine 316 Tennent Rd, Ste 202A, Morganville, NJ 7751 PPP Term Loan 1.0% 6/3/2022 1.5 1.5 1.5 — %
Mazco Ventures LLC 3410 Montrose Blvd, Houston, TX 77006 PPP Term Loan 1.0% 6/3/2022 0.3 0.3 0.3 — %
Parenteau Guidance 132 E 35th St, Apt 3J, New York, NY 10016 PPP Term Loan 1.0% 6/3/2022 0.9 0.9 0.9 — %
Paul Leitner MD 8540 S Sepulveda Blvd, Ste 910, Los Angeles, CA 90045 PPP Term Loan 1.0% 6/3/2022 3.9 3.9 3.9 — %
Ryan Berman Advisory, LLC 161 Falcon Rd, Guilford, CT 6437 PPP Term Loan 1.0% 6/3/2022 2.1 2.1 2.1 — %
286
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Linda Lane PR & Marketing 280 Edgewood Drive, West Palm Beach, FL 33405 PPP Term Loan 1.0% 6/3/2022 1.6 1.6 1.6 — %
Heath Tinsley 1595 Sailing Club Rd, Camden, SC 29020 PPP Term Loan 1.0% 6/3/2022 0.4 0.4 0.4 — %
Innovative Waste Solutions LLC 10300 W Charleston Blvd, Ste 13-B4, Las Vegas, NV 89135 PPP Term Loan 1.0% 6/3/2022 0.3 0.3 0.3 — %
over the moon 619 Valley Rd, Montclair, NJ 7043 PPP Term Loan 1.0% 6/3/2022 3.4 3.4 3.4 — %
Fiber Connect LLC 12 Buckingham Lane, Monterey, MA 1245 PPP Term Loan 1.0% 6/3/2022 4.7 4.7 4.7 — %
Dr. Stuart Schlisserman, MD 211 Quarry Rd, Ste 203 MC5993, Stanford, CA 94304 PPP Term Loan 1.0% 6/3/2022 4.5 4.5 4.5 — %
Griffin Land Corp. 115 North St, Ste 40, Litchfield, CT 6759 PPP Term Loan 1.0% 6/4/2022 2.1 2.1 2.1 — %
Mohlar Hurley Partners 608 Santa Monica Blvd, Santa Monica, CA 90401 PPP Term Loan 1.0% 6/4/2022 1.8 1.8 1.8 — %
Avlis Partners LLC 900 Golf View Ct, Dacula, GA 30019 PPP Term Loan 1.0% 6/4/2022 2.6 2.6 2.6 — %
G2 Computers LLC 1116 Taylorsville Rd, Washington Crossing, PA 18977 PPP Term Loan 1.0% 6/4/2022 2.4 2.4 2.4 — %
Children's Dispensary & Hospital Association 812 E Lasalle Ave, South Bend, IN 46617 PPP Term Loan 1.0% 6/4/2022 2.2 2.2 2.2 — %
Realign by Randee, Inc. 730 Crystal Ct, Weston, FL 33326 PPP Term Loan 1.0% 6/4/2022 0.4 0.4 0.4 — %
Breckenridge Technologies, LLC 2333 San Ramon Valley Blvd, Ste 460, San Ramon, CA 94583 PPP Term Loan 1.0% 6/4/2022 6.9 6.9 6.9 — %
Chris Soukas Furs LLC 1050 Point Seaside Dr, Crystal Beach, FL 34681 PPP Term Loan 1.0% 6/4/2022 4.2 4.2 4.2 — %
BRAS NW INC 317 NW Gilman Blvd, Ste 44, Issaquah, WA 98027 PPP Term Loan 1.0% 6/4/2022 1.1 1.1 1.1 — %
Metal Oxide Technologies LLC 8807 Emmott Rd, Ste 100, Houston, TX 77040 PPP Term Loan 1.0% 6/4/2022 25.2 25.2 25.2 0.01 %
Social Leadia 427 Country Ln, Louisville, KY 40207 PPP Term Loan 1.0% 6/4/2022 0.6 0.6 0.6 — %
Prime Sales & Marketing, Inc. 3211 University Blvd SE, Ste A, Albuquerque, NM 87106 PPP Term Loan 1.0% 6/4/2022 24.7 24.7 24.7 0.01 %
Vreeke & Associates 845 E Easy St., Ste 101, Simi Valley, CA 93065 PPP Term Loan 1.0% 6/4/2022 8.8 8.8 8.8 — %
THE MYOCARDITIS FOUNDATION 3518 Echo Mountain Dr, Kingwood, TX 77345 PPP Term Loan 1.0% 6/4/2022 2.2 2.2 2.2 — %
Gerald A. Field d/b/a Gerald A. Field, Attorney at Law 11 Asylum St, Hartford, CT 6103 PPP Term Loan 1.0% 6/4/2022 1.6 1.6 1.6 — %
Lisa Segmiller 17211 Bellhaven Walk Ct, Charllote, NC 28277 PPP Term Loan 1.0% 6/4/2022 1.2 1.2 1.2 — %
287
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
MAYATEX, INC. 5015 S IH 35, Georgetown, TX 78626 PPP Term Loan 1.0% 6/4/2022 4.7 4.7 4.7 — %
Rock Bottom Productions 1125 E Broadway, #249, Glendale, CA 91205 PPP Term Loan 1.0% 6/4/2022 1.4 1.4 1.4 — %
Franciscan Poor Clares 720 HENRY CLAY AVE, NEW ORLEANS, LA 70118 PPP Term Loan 1.0% 6/4/2022 2.0 2.0 2.0 — %
SKYMINA LLC 3105 Cedar Rd, Yorktown Heights, NY 10598 PPP Term Loan 1.0% 6/4/2022 2.1 2.1 2.1 — %
Guardian Consulting Services, Inc. 3333 New Hyde Park Rd, Ste 202, New Hyde Park, NY 11042 PPP Term Loan 1.0% 6/4/2022 8.0 8.0 8.0 — %
Kitty and Vibe, Inc 126 13th St, 3rd Floor, Brooklyn, NY 11215 PPP Term Loan 1.0% 6/4/2022 0.6 0.6 0.6 — %
Oncology and Hematology Associates of Central Jersey PA 2177 OAK TREE RD, Ste 104, Edison, NJ 8820 PPP Term Loan 1.0% 6/4/2022 12.0 12.0 12.0 — %
Serlin Consulting LLC 1445 Gordon Terrace, Deerfield, IL 60015 PPP Term Loan 1.0% 6/4/2022 2.1 2.1 2.1 — %
Amanda Thompson Design 4676 Dovefield Ln, Kannapolis, NC 28081 PPP Term Loan 1.0% 6/4/2022 0.3 0.3 0.3 — %
Cartoon Collections, LLC 155 E 44th St, 29th Floor, New York, NY 10017 PPP Term Loan 1.0% 6/4/2022 4.4 4.4 4.4 — %
Farrell Remodeling, Inc. 148 2nd St, Los Altos, CA 94022 PPP Term Loan 1.0% 6/4/2022 15.4 15.4 15.4 — %
Aircel LLC 3033 Riviera Dr, Ste 101, Naples, FL 34103 PPP Term Loan 1.0% 6/4/2022 35.0 35.0 35.0 0.01 %
Make 3 Architecture 1075 Brady Ave NW, Atlanta, GA 30318 PPP Term Loan 1.0% 6/4/2022 4.0 4.0 4.0 — %
Edgewater Services Co Ltd 225 Greenfield Pkwy, Ste 202, Liverpool, NY 13088 PPP Term Loan 1.0% 6/4/2022 3.7 3.7 3.7 — %
Eva Davis 4403 Chase Ave, Bethesda, MD 20814 PPP Term Loan 1.0% 6/4/2022 2.1 2.1 2.1 — %
Human Capital Management and Performance, LLC. 6506 Mebane Oaks Rd, Mebane, NC 27302 PPP Term Loan 1.0% 6/4/2022 2.1 2.1 2.1 — %
Robert Spransy CPA 257 Abercorn Cir, Chapel Hill, NC 27516 PPP Term Loan 1.0% 6/4/2022 1.5 1.5 1.5 — %
Unity Worldwide Ministries Eastern Region 800 Blanton Ave, Richmond, VA 23221 PPP Term Loan 1.0% 6/4/2022 0.8 0.8 0.8 — %
Melanie S. Francis, LCSW 116 W 23rd St., 5th Floor, New York, NY 10011 PPP Term Loan 1.0% 6/4/2022 1.6 1.6 1.6 — %
Fry Investment Company 4241 N Winfield Scott Plaza, #201, Scottsdale, AZ 85251 PPP Term Loan 1.0% 6/4/2022 13.9 13.9 13.9 — %
RAZL LLC 45 Coldstream Cir, Lincolnshire, IL 60069 PPP Term Loan 1.0% 6/4/2022 2.1 2.1 2.1 — %
New Experience 1029 N Peachtree Parkway 268, Peachtree City, GA 30269 PPP Term Loan 1.0% 6/4/2022 6.9 6.9 6.9 — %
288
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Enhanced Affordable Management Company, LLC 4221 Wilshire Blvd, Ste 260, Los Angeles, CA 90010 PPP Term Loan 1.0% 6/4/2022 12.0 12.0 12.0 — %
Socorro Corp 900 Wilshire Blvd, Ste 2400, Los Angeles, CA 90017 PPP Term Loan 1.0% 6/4/2022 2.1 2.1 2.1 — %
Amanda Lopez 23411 aliso viejo parkway, Aliso Viejo, CA 92656 PPP Term Loan 1.0% 6/4/2022 0.5 0.5 0.5 — %
Brodeur Kazanjian Beauty & Fashion LLC dba Queen Beauty 1675 E Morten Ave, #4112, Phoenix, AZ 85020 PPP Term Loan 1.0% 6/4/2022 5.9 5.9 5.9 — %
Charm City Cakes 2936 Remington Ave, Baltimore, MD 21211 PPP Term Loan 1.0% 6/4/2022 5.5 5.5 5.5 — %
James Reinish & Associates, Inc. 25 E 73rd St, New York, NY 10021 PPP Term Loan 1.0% 6/5/2022 3.4 3.4 3.4 — %
Moody Creek Farms LLC 31257 VIA MARIA ELENA, Bonsall, CA 92003 PPP Term Loan 1.0% 6/5/2022 35.4 35.4 35.4 0.01 %
YMCA of West San Gabriel Valley 401 East Corto St, Alhambra, CA 91801 PPP Term Loan 1.0% 6/5/2022 15.7 15.7 15.7 — %
National Postdoctoral Association 15800 Crabbs Branch Way, Derwood, MD 20855 PPP Term Loan 1.0% 6/5/2022 3.7 3.7 3.7 — %
Laura A. Brevetti 575 5th Ave, 14th Floor, New York, NY 10017 PPP Term Loan 1.0% 6/5/2022 3.0 3.0 3.0 — %
Superius Securities Group Inc 94 Grand Ave, Englewood, NJ 7631 PPP Term Loan 1.0% 6/5/2022 4.4 4.4 4.4 — %
CATWALK, LLC fka VITRINE LLC 4300 Stevens Creek Blvd, Ste 126, San Jose, CA 95129 PPP Term Loan 1.0% 6/5/2022 0.6 0.6 0.6 — %
Michelle Frost Real Estate Sales 3113 Roswell Rd, Ste 101, Marietta, GA 30062 PPP Term Loan 1.0% 6/5/2022 2.1 2.1 2.1 — %
Nezhat Medical Center P.C. 5555 Peachtree Dunwoody Rd, Ste #276, Atlanta, GA 30342 PPP Term Loan 1.0% 6/5/2022 8.3 8.3 8.3 — %
MS-IR LLC 88 Morningside Ave, Ste 7A, New York, NY 10027 PPP Term Loan 1.0% 6/5/2022 2.1 2.1 2.1 — %
Michael S. Blank Realty 1870 Baldwin Rd. - Unit 69, Yorktown Heights, NY 10598 PPP Term Loan 1.0% 6/5/2022 1.3 1.3 1.3 — %
PDT LLC 2812 Rivers Edge Rd, Louisville, KY 40222 PPP Term Loan 1.0% 6/5/2022 3.3 3.3 3.3 — %
Hrach Khudatyan MD, Inc 134 N Glendale Ave, Glendale, CA 91206 PPP Term Loan 1.0% 6/5/2022 3.3 3.3 3.3 — %
Corona Jackson Refrigeration Service, Inc. 59-6 Central Ave, Farmingdale, NY 11735 PPP Term Loan 1.0% 6/5/2022 2.8 2.8 2.8 — %
Hight Accounting Services LLC 3209 E Wood Valley Rd NW, Atlanta, GA 30327 PPP Term Loan 1.0% 6/5/2022 0.5 0.5 0.5 — %
Seattle Ventures LLC 2215 3rd Ave W, Seattle, WA 98119 PPP Term Loan 1.0% 6/5/2022 2.1 2.1 2.1 — %
Nottingham Investment Company LLLP 1690 Derby Mesa Loop, Burns, CO 80426 PPP Term Loan 1.0% 6/5/2022 2.1 2.1 2.1 — %
289
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
CT Business Enterprises 14703 Lyon Hill Ln, Huntersville, NC 28078 PPP Term Loan 1.0% 6/5/2022 0.5 0.5 0.5 — %
Sherman Law Group, a Professional Law Corporation 9454 Wilshire Blvd, Beverly Hills, CA 90212 PPP Term Loan 1.0% 6/5/2022 4.2 4.2 4.2 — %
Salon Vivace VA, LLC 680 Ingomar Rd, Wexford, PA 15090 PPP Term Loan 1.0% 6/5/2022 12.7 12.7 12.7 — %
Statewide Interpreters 63 Milland Dr, Mill Valley, CA 94941 PPP Term Loan 1.0% 6/5/2022 11.7 11.7 11.7 — %
The Fiedler Companies, Inc. 408 E 134th St, Bronx, NY 10454 PPP Term Loan 1.0% 6/5/2022 5.9 5.9 5.9 — %
Chris Matheos 13726 Leadwell St, Van Nuys, CA 91405 PPP Term Loan 1.0% 6/5/2022 0.1 0.1 0.1 — %
Custom Trades Company 129 Stonehedge Dr N, Greenwich, CT 6831 PPP Term Loan 1.0% 6/5/2022 0.5 0.5 0.5 — %
The JW Agency LLC 707 Skokie Blvd, Ste 600, Northbrook, IL 60062 PPP Term Loan 1.0% 6/5/2022 3.6 3.6 3.6 — %
Precision Landscape Management Inc 3130 Carter Jones Rd, Groveland, FL 34736 PPP Term Loan 1.0% 6/5/2022 19.0 19.0 19.0 0.01 %
Stonecrop Gardens Inc 81 Stonecrop Ln, Cold Spring, NY 10516 PPP Term Loan 1.0% 6/5/2022 16.7 16.7 16.7 — %
Panache 639 Pilot House Dr, Newport News, VA 23606 PPP Term Loan 1.0% 6/5/2022 7.1 7.1 7.1 — %
Justin W McClung d/b/a The McClung Group 55 N Altwood Cir, Spring, TX 77382 PPP Term Loan 1.0% 6/5/2022 4.2 4.2 4.2 — %
Door Four LLC 508 W 26th St, Ste 11A, New York, NY 10001 PPP Term Loan 1.0% 6/5/2022 13.2 13.2 13.2 — %
Grandview Advisors Inc. 100 RIVERSIDE LN, Riverside, CT 6878 PPP Term Loan 1.0% 6/5/2022 1.5 1.5 1.5 — %
Andrew S. Gaffney Foundation 245 South St, Morristown, NJ 7960 PPP Term Loan 1.0% 6/5/2022 1.4 1.4 1.4 — %
The Law Offices of Bob Camors 1501 The Alameda, Ste 210, San Jose, CA 95126 PPP Term Loan 1.0% 6/5/2022 3.2 3.2 3.2 — %
Ash Health Corp 316 Tennent Rd, Ste 202A, Morganville, NJ 7751 PPP Term Loan 1.0% 6/5/2022 1.7 1.7 1.7 — %
Anne T. Carlon M.D. P.C. 425 E 58th St, #39A, New York, NY 10022 PPP Term Loan 1.0% 6/5/2022 12.4 12.4 12.4 — %
SDG Engineering PC 121 Huntington Rd, Port Washington, NY 11050 PPP Term Loan 1.0% 6/5/2022 8.5 8.5 8.5 — %
Active Reading Clinic 25 Hillcroft Way, Walnut Creek, CA 94597 PPP Term Loan 1.0% 6/5/2022 3.2 3.2 3.2 — %
JD Randall group 4422 Sea Harbour Dr, Huntington Beach, CA 92649 PPP Term Loan 1.0% 6/5/2022 1.5 1.5 1.5 — %
American Friends of the Israel Museum 545 5th Ave, Ste 920, New York, NY 10017 PPP Term Loan 1.0% 6/5/2022 13.2 13.2 13.2 — %
STSE - DBA Plaza Auto 359 E Western Reserve Rd, Youngstown, OH 44514 PPP Term Loan 1.0% 6/5/2022 1.1 1.1 1.1 — %
290
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Green Rhino Recycling, LLC 2809 Academy Dr SE, Auburn, WA 98092 PPP Term Loan 1.0% 6/5/2022 2.2 2.2 2.2 — %
Landmark Technologies LLC 4806 S St Andrews Ln, Spokane, WA 99223 PPP Term Loan 1.0% 6/5/2022 2.8 2.8 2.8 — %
Jacqueline R. Moroco, D.D.S., M.S., P.A. 4600 Linton Blvd, Ste 330, Delray Beach, FL 33445 PPP Term Loan 1.0% 6/5/2022 14.3 14.3 14.3 — %
Compacted Recycling Company LLC 2809 Academy Dr SE, Auburn, WA 98092 PPP Term Loan 1.0% 6/5/2022 1.1 1.1 1.1 — %
LaFlower Construction, Inc. 23888 Madison St, Torrance, CA 90505 PPP Term Loan 1.0% 6/5/2022 0.1 0.1 0.1 — %
DC Retina Docs PLLC 3317 P St NW, Washington, DC 20007 PPP Term Loan 1.0% 6/5/2022 0.6 0.6 0.6 — %
Katherine W Luce 1220 University Dr, Ste 104, Menlo Park, CA 94025 PPP Term Loan 1.0% 6/5/2022 1.3 1.3 1.3 — %
HYPRLABS INC. 400 Concar Dr, San Mateo, CA 94402 PPP Term Loan 1.0% 6/5/2022 10.4 10.4 10.4 — %
Tmack Property Maintenance LLC 14 Knollwood Dr, East Hanover, NJ 7936 PPP Term Loan 1.0% 6/5/2022 1.6 1.6 1.6 — %
Sea-Est Incorporated 1741 W Beaver St, Jacksonville, FL 32209 PPP Term Loan 1.0% 6/8/2022 25.6 25.6 25.6 0.01 %
Gwinnett Cemeteries, LLC 103 Crestview Church Rd, Warner Robins, GA 31088 PPP Term Loan 1.0% 6/8/2022 16.5 16.5 16.5 — %
Clint Dewey 155 E 31st St, Apt 4S, New York, NY 10016 PPP Term Loan 1.0% 6/8/2022 2.1 2.1 2.1 — %
KP Auto Repair LLC 12917 Percheron Ln, Oak Hill, VA 20171 PPP Term Loan 1.0% 6/8/2022 1.3 1.3 1.3 — %
Michael S Chlopak 1 Claridge Drive, Apt PH 14, Verona, NJ 7044 PPP Term Loan 1.0% 6/8/2022 1.4 1.4 1.4 — %
Morgan Blakeley LLC 255 Saint Paul St, Apt #220, Denver, CO 80206 PPP Term Loan 1.0% 6/8/2022 0.7 0.7 0.7 — %
Frank Nicholson Inc. 360 Massachusetts Ave, Acton, MA 1720 PPP Term Loan 1.0% 6/8/2022 8.6 8.6 8.6 — %
John Merrick 3209 Centenary Ave, Dallas, TX 75225 PPP Term Loan 1.0% 6/8/2022 2.0 2.0 2.0 — %
Music Center Inc. dba Haight Ashbury Music Center; dba Gelb Music 722 El Camino Real, Redwood City, CA 94063 PPP Term Loan 1.0% 6/8/2022 9.5 9.5 9.5 — %
Korhan Beba 17 Oak Hill Rd, Branchburg, NJ 8853 PPP Term Loan 1.0% 6/8/2022 0.5 0.5 0.5 — %
Grenville Owners Corp. 225 Bennett Ave, Ste 1K, New York, NY 10040 PPP Term Loan 1.0% 6/8/2022 3.2 3.2 3.2 — %
Camfed U.S.A. Foundation 466 Geary St, Ste 400, San Francisco, CA 94102 PPP Term Loan 1.0% 6/8/2022 18.2 18.2 18.2 0.01 %
National Roofing 1237 Circle Ave, Forest Park, IL 60130 PPP Term Loan 1.0% 6/8/2022 52.5 52.5 52.5 0.02 %
Dental Designs of Naples 5048 Tamiami Trail N, Naples, FL 34103 PPP Term Loan 1.0% 6/9/2022 21.1 21.1 21.1 0.01 %
291
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Ronald A. Williams Ltd 5540 Falmouth St Ste 303, Richmond, VA 23230 PPP Term Loan 1.0% 6/9/2022 3.8 3.8 3.8 — %
National Foundation for Infectious Diseases (NFID) 7201 Wisconsin Ave, Ste 750, Bethesda, MD 20814 PPP Term Loan 1.0% 6/9/2022 9.9 9.9 9.9 — %
The Junior League of Pensacola, Florida, Incorporated 2016 W. Garden St., Pensacola, FL 32502 PPP Term Loan 1.0% 6/9/2022 0.5 0.5 0.5 — %
David Dee Fine Arts 1374 E Arlington Drive, Salt Lake City, UT 84108 PPP Term Loan 1.0% 6/9/2022 0.6 0.6 0.6 — %
HERBERT CHARLES SCHWAT 1940 Biltmore St NW, Apt 32, Washington, DC 20009 PPP Term Loan 1.0% 6/9/2022 2.1 2.1 2.1 — %
ATL Advisory LLC 76 Bellefair Rd, Rye Brook, NY 10573 PPP Term Loan 1.0% 6/9/2022 2.1 2.1 2.1 — %
Kushnika, Inc. 14766 Live Oak Ln, Saratoga, CA 95070 PPP Term Loan 1.0% 6/9/2022 0.7 0.7 0.7 — %
Gabriella New York, LLC 155 Wooster St., Unit 3W, New York, NY 10012 PPP Term Loan 1.0% 6/9/2022 3.1 3.1 3.1 — %
Luxury Destinations 151 Melius Rd, Warren, CT 6754 PPP Term Loan 1.0% 6/9/2022 1.6 1.6 1.6 — %
G&A Rehab, Inc 3333 Skypark Drive, Ste 220, Torrance, CA 90505 PPP Term Loan 1.0% 6/9/2022 15.8 15.8 15.8 — %
CCR Investment Group dba Equity Finance Group 2271 W. Malvern ave, Ste 424, Fullerton, CA 92833 PPP Term Loan 1.0% 6/9/2022 5.1 5.1 5.1 — %
OCC installations 12102 Manley St, Garden Grove, CA 92845 PPP Term Loan 1.0% 6/9/2022 0.7 0.7 0.7 — %
Charm City Cakes West 8302 Melrose Ave, Los Angeles, CA 90069 PPP Term Loan 1.0% 6/9/2022 6.6 6.6 6.6 — %
Cape fear kickboxing inc 7122 Market St, Ste 120, Wilmington, NC 28411 PPP Term Loan 1.0% 6/9/2022 4.9 4.9 4.9 — %
Solstice Adventure, LLC 1521 Alton Rd, #802, Miami Beach, FL 33139 PPP Term Loan 1.0% 6/9/2022 0.9 0.9 0.9 — %
Standard Wedding Band Co Inc 951 Franklin Ave, Garden City, NY 11530 PPP Term Loan 1.0% 6/10/2022 3.5 3.5 3.5 — %
Michigan Braille Transcribing Fund 3500 N. Elm, Jackson, MI 49201 PPP Term Loan 1.0% 6/10/2022 4.7 4.7 4.7 — %
Joy DiNapoli 154 Beach Ave, Larchmont, NY 10538 PPP Term Loan 1.0% 6/10/2022 1.0 1.0 1.0 — %
PJH Partners LLC 455 East Paces Ferry Rd NE, Ste 214, Atlanta, GA 30305 PPP Term Loan 1.0% 6/10/2022 0.9 0.9 0.9 — %
Christine Yi 111 E 30th St, Ste 8B, New York, NY 10016 PPP Term Loan 1.0% 6/10/2022 0.8 0.8 0.8 — %
Intrepid 7 Quail Ridge Rd S, Rolling Hills, CA 90274 PPP Term Loan 1.0% 6/10/2022 6.9 6.9 6.9 — %
J3 Consulting, LLC 1 Mountain Oaks Park, Glendale, CA 91214 PPP Term Loan 1.0% 6/10/2022 2.1 2.1 2.1 — %
Don Marshall CPA Inc 3427 S Walker Ave, San Pedro, CA 90731 PPP Term Loan 1.0% 6/10/2022 1.0 1.0 1.0 — %
292
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Cassidy Holdings, LLC 7712 Hillside Dr, La Jolla, CA 92037 PPP Term Loan 1.0% 6/10/2022 1.2 1.2 1.2 — %
AUREUS CAPITAL LLC 216 E Sheridan Pl, Lake Bluff, IL 60044 PPP Term Loan 1.0% 6/10/2022 1.3 1.3 1.3 — %
Timothy F. Lester 8 Forest Dr, Westport, CT 6880 PPP Term Loan 1.0% 6/10/2022 0.5 0.5 0.5 — %
Hamilton Hill LLC 905 W Main St, Durham, NC 27701 PPP Term Loan 1.0% 6/10/2022 4.3 4.3 4.3 — %
Rain Wine National Corp 2608 SW River Shore Dr, Port St. Lucie, FL 34984 PPP Term Loan 1.0% 6/10/2022 2.1 2.1 2.1 — %
Mora Investment Management 9 W Star Island Dr, Miami Beach, FL 33139 PPP Term Loan 1.0% 6/10/2022 1.2 1.2 1.2 — %
Mark Friedman 210 W 101st St, Ste 5E, New York, NY 10025 PPP Term Loan 1.0% 6/10/2022 2.1 2.1 2.1 — %
Grunberger Diamonds Incorporated 98 Cutter Mill Rd, Great Neck Plaza, NY 11021 PPP Term Loan 1.0% 6/10/2022 8.4 8.4 8.4 — %
Examoto LLC 125 Booth Ln, Haverford, PA 19041 PPP Term Loan 1.0% 6/10/2022 5.3 5.3 5.3 — %
Michael Slayton General Contracting, Inc 232 N Lonehill Ave, Glendora, CA 91741 PPP Term Loan 1.0% 6/11/2022 1.2 1.2 1.2 — %
Joseph Haraszti 2810 East Del Mar Blvd, Ste 8A, Pasadena, CA 91107 PPP Term Loan 1.0% 6/11/2022 2.9 2.9 2.9 — %
Statement Lawn and Landscape, Inc. 19520 W 95th St, Lenexa, KS 66220 PPP Term Loan 1.0% 6/11/2022 1.1 1.1 1.1 — %
Alexis D. Bodenheimer 205 East 92nd St, Apt 27A, New York, NY 10128 PPP Term Loan 1.0% 7/2/2022 2.1 2.1 2.1 — %
Augusta Grant Travel 1428 Hemingway Place, Naples, FL 34103 PPP Term Loan 1.0% 7/9/2022 0.7 0.7 0.7 — %
NEUMENTUM, INC. 250 Colorado Ave, Palo Alto, CA 94301 PPP Term Loan 1.0% 7/9/2022 4.9 4.9 4.9 — %
Paige Hoholik LLC 210 St Paul St, Denver, CO 80206 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Birdie Golf Ball Company 208 Margate Ct, Margate, FL 33063 PPP Term Loan 1.0% 7/15/2022 0.9 0.9 0.9 — %
Rachel Dack Counseling LLC 6917 Arlington Rd, #222, Bethesda, MD 20814 PPP Term Loan 1.0% 7/15/2022 1.3 1.3 1.3 — %
Law Office of Swati P Mantione, P.C. 12 Thadford St, East Northport, NY 11731 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Amanda Reynal Interiors 1417 Walnut St, Ste D, Des Moines, IA 50309 PPP Term Loan 1.0% 7/15/2022 1.8 1.8 1.8 — %
Clark A Miller Sales LTD 1205 Tuscany Ct, Alpharetta, GA 30004 PPP Term Loan 1.0% 7/15/2022 0.6 0.6 0.6 — %
Lucy McRae 1340 E 6th St, Los Angeles, CA 90021 PPP Term Loan 1.0% 7/15/2022 1.7 1.7 1.7 — %
The Great Escape Room Tampa LLC 300 E Madison St, #301, Tampa, FL 33602 PPP Term Loan 1.0% 7/15/2022 4.7 4.7 4.7 — %
293
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
Woodrow Orlando LLC DBA The Great Escape Room Orlando 525 Woodstead Ct, Longwood, FL 32779 PPP Term Loan 1.0% 7/15/2022 2.0 2.0 2.0 — %
Mary Jane Marchisotto dba MJM Advisory, LLC 245 E 87th St, Apt 9F, New York, NY 10128 PPP Term Loan 1.0% 7/15/2022 0.6 0.6 0.6 — %
Copperfield Investment & Development Company 1721 Crystal Ann Ave, Las Vegas, NV 89106 PPP Term Loan 1.0% 7/15/2022 1.2 1.2 1.2 — %
Score OKC 18509 N Meridian Ave, Edmond, OK 73012 PPP Term Loan 1.0% 7/15/2022 3.0 3.0 3.0 — %
Lead Tek Plating 27555 SW Boones Ferry Rd, Wilsonville, OR 97070 PPP Term Loan 1.0% 7/15/2022 20.0 20.0 20.0 0.01 %
Dan Counts & Associates, Inc. 1780 Prescott Ave, Monterey, CA 93940 PPP Term Loan 1.0% 7/15/2022 1.1 1.1 1.1 — %
Diamondback Golf Course, LLC 500 Harborview Drive, Third Floor, Baltimore, MD 21230 PPP Term Loan 1.0% 7/15/2022 7.6 7.6 7.6 — %
Josh Madonick Physical Therapy 86 Eucalyptus Rd, Petaluma, CA 94952 PPP Term Loan 1.0% 7/15/2022 0.3 0.3 0.3 — %
RHBerman Consulting 161 Falcon Rd, Guilford, CT 6437 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
MPYRE HOLDING CO 1723 23rd Ave, San Francisco, CA 94122 PPP Term Loan 1.0% 7/15/2022 1.7 1.7 1.7 — %
NICK A. DEFILIPPIS, PHD, PC 990 Hammond Dr, Ste 575, Sandy Springs, GA 30328 PPP Term Loan 1.0% 7/15/2022 1.6 1.6 1.6 — %
Orloff Eye Group, Inc. 1 Plume Grass Way, Westhampton, NY 11977 PPP Term Loan 1.0% 7/15/2022 4.8 4.8 4.8 — %
Protestant Episcopal Church In The Diocese of California 2791 Driscoll Rd, Fremont, CA 94539 PPP Term Loan 1.0% 7/15/2022 2.5 2.5 2.5 — %
The Great Escape Room New York LLC 1150 University Ave Bldg 5, Ste 12A, Rochester, NY 14607 PPP Term Loan 1.0% 7/15/2022 2.2 2.2 2.2 — %
K.S.M Enterprises Inc. DBA Michaels Shell 2589 N Lakewood Blvd, Long Beach, CA 90815 PPP Term Loan 1.0% 7/15/2022 4.0 4.0 4.0 — %
Bobbie Baron Inc. 1633 Broadway, New York, NY 10019 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
DEAFLINK INC 57 Ludlow Ln, Palisades, NY 10964 PPP Term Loan 1.0% 7/15/2022 1.3 1.3 1.3 — %
Joseph L. Lester, M.D., P.C. 2201 Evans Drive, Opelika, AL 36801 PPP Term Loan 1.0% 7/15/2022 5.5 5.5 5.5 — %
Weber Brands, LLC 50 Pine Hill Rd, Great Neck, NY 11020 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Robert M. Tudisco, Esq. 90 Stebbins Ave, Eastchester, NY 10709 PPP Term Loan 1.0% 7/15/2022 1.4 1.4 1.4 — %
Propel A Charter Management Group Inc 5200 Irwindale Ave, Irwindale, CA 91706 PPP Term Loan 1.0% 7/15/2022 29.8 29.8 29.8 0.01 %
Sunburst Decorative Rock, Inc 282 Live Oak Ave, Irwindale, CA 91706 PPP Term Loan 1.0% 7/15/2022 18.3 18.3 18.3 0.01 %
Nancy R. Reinish 336 Central Park West, New York, NY 10025 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
294
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
The Great Escape Room Chicago 160 E Grand Ave, #400, Chicago, IL 60611 PPP Term Loan 1.0% 7/15/2022 3.9 3.9 3.9 — %
Daydream Reels LLC 3615 N Kenilworth St, Arlington, VA 22207 PPP Term Loan 1.0% 7/15/2022 1.3 1.3 1.3 — %
C Sensei Group LLC 1730 S Federal Hwy, Ste 280, Delray Beach, FL 33483 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Dockum Research Lab, Inc 844 E Mariposa St, Altadena, CA 91001 PPP Term Loan 1.0% 7/15/2022 6.4 6.4 6.4 — %
306 Hollywood LLC 14 West 17th St, New York, NY 10011 PPP Term Loan 1.0% 7/15/2022 1.2 1.2 1.2 — %
Irvine Optometry 17585 Harvard Ave,, Ste E, Irvine, CA 92614 PPP Term Loan 1.0% 7/15/2022 4.5 4.5 4.5 — %
Double H Farms, LLC 15050 Golden Point Ln, Wellington, FL 33414 PPP Term Loan 1.0% 7/15/2022 12.9 12.9 12.9 — %
The Nashville Dermatology And Skin Cancer Clinic, P.C. 2222 State St, Ste A, Nashville, TN 37203 PPP Term Loan 1.0% 7/15/2022 4.4 4.4 4.4 — %
Harper Road Treatment Center 1802 Harper Rd, Ste 202, Beckley, WV 25801 PPP Term Loan 1.0% 7/15/2022 2.6 2.6 2.6 — %
Sense Education, Inc. 1 W 85th St, New York, NY 10024 PPP Term Loan 1.0% 7/15/2022 12.0 12.0 12.0 — %
PR Realty Management LLC 2207 Coney Island Ave, Brooklyn, NY 11223 PPP Term Loan 1.0% 7/15/2022 19.2 19.2 19.2 0.01 %
Roadtrip Productions Inc One Penn Plaza, Ste 3500, New York, NY 10119 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Hirezi & Hirezi, D.M.D., P.A. 4495 Baymeadows Rd, Jacksonville, FL 32217 PPP Term Loan 1.0% 7/15/2022 7.4 7.4 7.4 — %
NTR Partners Administration LLC 11726 San Vicente Blvd, Ste 290, Los Angeles, CA 90049 PPP Term Loan 1.0% 7/15/2022 3.5 3.5 3.5 — %
Bartman Bros. 11777 San Vicente Blvd, Ste 600, Los Angeles, CA 90049 PPP Term Loan 1.0% 7/15/2022 5.8 5.8 5.8 — %
Kleopatra Productions, Inc. 4230 Gardendale, Ste 101, San Antonio, TX 78229 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
PHILIP F. STOTTS 4985 Stonehaven Dr., Yorba Linda, CA 92887 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Rajan Shah MD PA 1060 BRd St, Newark, NJ 7102 PPP Term Loan 1.0% 7/15/2022 4.1 4.1 4.1 — %
Surco Products, Inc. 14001 S Main St, Los Angeles, CA 90061 PPP Term Loan 1.0% 7/15/2022 7.5 7.5 7.5 — %
Joel Diaz Training Camp, LLC. 40795 Adriatico Ct, Indio, CA 92203 PPP Term Loan 1.0% 7/15/2022 1.4 1.4 1.4 — %
John J. McMahon 80 Main St, West Orange, NJ 7052 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Auto Trim Design of Northeastern New York Inc 83 Ellison St, Milton, VT 5468 PPP Term Loan 1.0% 7/15/2022 7.0 7.0 7.0 — %
Steven Robert Justman aka Steven Justman 54 Banksville Rd, North Castle, NY 10504 PPP Term Loan 1.0% 7/15/2022 2.0 2.0 2.0 — %
295
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Accrual Investments (4a)
J. Li Brand LTD 63 Roebling St, #6L, Brooklyn, NY 11211 PPP Term Loan 1.0% 7/15/2022 3.5 3.5 3.5 — %
John Berry Turbidy 1501 Silver King Dr, Aspen, CO 81611 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Hanson & Schwam Public Relations LLC 9350 Wilshire Blvd, #315, Beverly Hills, CA 90212 PPP Term Loan 1.0% 7/15/2022 0.8 0.8 0.8 — %
Debra L. Holt 233 NW 36th St, Miami, FL 33127 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Kenneth Baer 16 Millstone Dr, East Windsor, NJ 8512 PPP Term Loan 1.0% 7/15/2022 0.5 0.5 0.5 — %
Model Partner, LLC 19 William Close Ct, Warwick, NY 10990 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
ARJ Medical LLC 2827 Frontier Trail, Atlanta, GA 30341 PPP Term Loan 1.0% 7/15/2022 1.0 1.0 1.0 — %
David Raksin 1010 16th St, #543, San Francisco, CA 94107 PPP Term Loan 1.0% 7/15/2022 2.1 2.1 2.1 — %
Constance Scharff 8584 Blue Grouse Way, Blaine, WA 98230 PPP Term Loan 1.0% 7/15/2022 0.7 0.7 0.7 — %
Mazza Real Estate, LLC 402 Page St, Cary, NC 27511 PPP Term Loan 1.0% 7/15/2022 0.8 0.8 0.8 — %
JP Davis Farms 10100 Suzanne Dr, River Ridge, LA 70123 PPP Term Loan 1.0% 7/15/2022 1.2 1.2 1.2 — %
Total SBA Guaranteed Accrual Investments $ 15,888.9 $ 15,888.9 $ 16,747.1 4.94 %


296
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
SBA Guaranteed Non-Accrual Investments (4b)
MIT LLC (*) 11 North Peach ST., Medford, OR 97504 Publishing Industries (except Internet) Term Loan Prime plus 2.75% 3/31/2042 254.7 254.7 254.7 0.08 %
Neville Galvanizing, Inc (*) 2983 Grand Ave, Pittsburgh, PA 15225 Fabricated Metal Product Manufacturing Term Loan Prime plus 2.75% 12/15/2042 707.1 707.1 707.1 0.21 %
Kneading Dough LLC dba NY Bagel Cafe & Deli,NY Bagle, New York Bagle,N (*) 10287 Okeechobee Blvd #13, Royal Palm Beach, FL 33411 Food Services and Drinking Places Term Loan Prime plus 2.75% 8/23/2029 101.0 101.0 101.0 0.03 %
Chavero's Auto (*) 1364 E Palma Vista Drive, Palmview, TX 78572 Motor Vehicle and Parts Dealers Term Loan Prime plus 6.5% 10/11/2029 12.5 12.5 12.5 — %
Total SBA Guaranteed Non-Accrual Investments $ 1,075.3 $ 1,075.3 $ 1,075.3 0.32 %
Total SBA Guaranteed Investments $ 16,964.2 $ 16,964.2 $ 17,822.4 5.25 %
Total SBA Unguaranteed and Guaranteed Investments $ 437,364.1 $ 437,364.1 $ 425,570.3 125.41 %
297
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
Controlled Investments (5) (22)
Advanced Cyber Security Systems, LLC (*,#) (6) (21) 3880 Veterans Memorial Hwy. Suite 201, Bohemia, NY 11716 Data processing, Hosting, and Related Services 50% Membership Interest —% — — — — — %
Term Loan 3% Dec 2014 381.0 381.0 — — %
Automated Merchant Services, Inc. (*,#) (7) (21) 12230 Forest Hill Blvd., Wellington, FL 33414 Data processing, Hosting, and Related Services 100% Common Stock —% — — — — — %
CDS Business Services, Inc. (*,#) (8) 1985 Marcus Ave., Lake Success, NY 11042 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 100% Common Stock —% — — 4,428.0 — — %
Line of Credit 10% Dec 2021 9,560.0 9,560.0 5,900.0 1.74 %
Newtek Technology Solutions, Inc. (*,#) (25) 1904 W. Parkside Lane Phoenix, AZ 85027 Data processing, Hosting, and Related Services 100% Common Stock —% — — 19,503.7 29,999.7 8.84 %
Line of Credit 10% Nov 2028 10,821.0 10,821.0 10,821.0 3.19 %
Line of Credit Prime plus 0.5% April 2021 750.0 750.0 750.0 0.22 %
Line of Credit Prime plus 0.5% July 2022 100.0 225.0 225.0 0.07 %
Newtek Insurance Agency, LLC (*,#) (13) 1981 Marcus Ave., Lake Success, NY 11042 Insurance Carriers and Related Activities 100% Membership Interest —% — — 135.0 2,150.0 0.63 %
PMTWorks Payroll, LLC (*,#) (9) 1981 Marcus Ave., Lake Success, NY 11042 Data processing, Hosting, and Related Services 100% Membership Interest —% — — 1,878.1 — — %
Term Loan 10% Oct 2021 435.0 435.0 — — %
Term Loan 10% May 2022 750.0 750.0 — — %
Term Loan 12% May 2022 500.0 500.0 — — %
Term Loan 10% July 2022 1,000.0 1,000.0 — — %
Small Business Lending, LLC (*,#) (12) 1981 Marcus Ave., Lake Success, NY 11042 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 100% Membership Interest —% — — 598.0 9,650.4 2.84 %
Term Loan 10% June 2021 400.0 400.0 400.0 0.12 %
ADR Partners, LLC dba banc-serv Partners, LLC (*,#) (26) 8777 Purdue Rd, Indianapolis, IN 46268 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 100% Membership Interest —% — — 7,085.2 — — %
Newtek Merchant Solutions, LLC (#) (11) 1981 Marcus Ave., Lake Success, NY 11042 Data processing, Hosting, and Related Services 100% Membership Interest —% — — 16,438.0 111,500.0 32.86 %
Mobil Money, LLC (#) (17) 1981 Marcus Ave., Lake Success, NY 11042 Data processing, Hosting, and Related Services 100% Membership Interest —% — — 2,980.0 2,500.0 0.74 %
298
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
Controlled Investments (5) (22)
Newtek Business Lending, LLC (*,#) (10) 14 East Washington St., Orlando, FL 32801
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 100% Membership Interest —% — — 39,912.0 43,541.8 12.83 %
Newtek Conventional Lending, LLC (#) (18) (23) 1981 Marcus Ave., Lake Success, NY 11042 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 50% Membership Interest —% — — 19,002.0 20,028.0 5.90 %
Titanium Asset Management, LLC (*,#) (14) 1981 Marcus Ave., Lake Success, NY 11042 Administrative and Support Services Term Loan 10% March 2021 900.0 900.0 655.1 0.19 %
100% Membership Interest —% — — — — — %
Excel WebSolutions, LLC (*,#) (15) 888 East Brighton Ave. Syracuse, NY 13205 Data processing, Hosting, and Related Services Term Loan 10% Sept 2021 159.2 159.2 — — %
100% Membership Interest — — — — — — %
POS on Cloud, LLC (#) (20) 1981 Marcus Ave., Lake Success, NY 11042 Data processing, Hosting, and Related Services Term Loan 10% Sept 2023 850.0 1,050.0 1,050.0 0.31 %
50.14% Membership Interest — — — — — — %
Total Controlled Investments $ 26,606.2 $ 138,891.0 $ 239,171.0 70.48 %
299
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
Non-Control Investments (22)
EMCAP Loan Holdings, LLC (+,#) (19) (16) 1140 Reservoir Ave., Cranston, RI 02920 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 6.04% Membership Interest —% — $ — $ 1,000.0 $ 1,000.0 0.29 %
ARC Metal Stamping, LLC (#) 4111 Munson Hwy, Hudson, MI 49247 Machinery Manufacturing Term Loan 5 Yr Tr plus 7.43% 1/1/2045 5,447.4 5,447.4 5,447.4 1.61 %
Total Non-Control Investments $ 5,447.4 $ 6,447.4 $ 6,447.4 1.90 %
Total Investments $ 469,417.7 $ 582,702.5 $ 671,188.7 197.78 %

^ Investment has been pledged as collateral under the Securitization Trusts.
* Non-income producing security.
# Fair value determined using significant unobservable inputs.
+ Restricted security.
(1) Newtek values each unguaranteed portion of SBA 7(a) accrual loans (“Loan”) using a discounted cash flow analysis which projects future cash flows and incorporates projections for Loan pre-payments and Loan defaults using historical portfolio data. The data predicts future prepayment and default probability on curves which are based on Loan age. The recovery assumption for each Loan is specific to the discounted valuation of the collateral supporting that Loan. Each Loan’s cash flow is discounted at a rate which approximates a market yield. The Loans were originated under the SBA 7(a) program and conform to the underwriting guidelines in effect at their time of origination. Newtek has been awarded PLP status from the SBA. Portions of these Loans are not guaranteed by the SBA. Individual loan participations can be sold to institutions which have been granted an SBA 750 license. Loans can also be sold as a pool of loans in a security form to qualified investors.
(2) The interest rates in effect on our loans as of December 31, 2020 are based off a Prime Rate equal to 3.25% and 1 month LIBOR equal to 0.14388%.
(3) Newtek values non-accrual SBA 7(a) loans using a discounted cash flow analysis of the underlying collateral which supports the loan. Management’s estimate of the net recovery of collateral, (fair value less cost to liquidate) is applied to the discounted cash flow analysis based upon a time to liquidate estimate. Modified loans are valued based upon current payment streams and are re-amortized at the end of the modification period.
(4a) Newtek values guaranteed accrual SBA 7(a) loans using the secondary SBA 7(a) market as a reference point. Newtek routinely sells accrual SBA 7(a) loans into this secondary market. Guaranteed portions of SBA 7(a) loans partially funded as of the valuation date are valued using level two inputs as disclosed in NOTE 6—FAIR VALUE MEASUREMENTS.
(4b) Newtek values guaranteed non-accrual loans based on the estimated recovery under the SBA guarantee, which is at cost.
(5) Controlled Investments are disclosed above as equity investments (except as otherwise noted) in those companies that are “Controlled Investments” of the Company as defined in the Investment Company Act of 1940. A company is deemed to be a “Controlled Investment” of Newtek Business Services Corp. if Newtek Business Services Corp. or its subsidiaries owns more than 25% of the voting securities of such company. See NOTE 4—TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS in the accompanying notes to the consolidated financial statements for transactions during the nine months ended December 31, 2020 with affiliates the Company is deemed to control.
(6) 50% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.), 50% owned by non-affiliate. The term loan is past its original maturity date and currently in default. As such, the fair value of the investment is zero.
(7) 96.11% owned by Wilshire Partners, LLC (a subsidiary of Newtek Business Services Corp.), 3.89% owned by Newtek Business Services Corp.
(8) CDS Business Services, Inc. d/b/a Newtek Business Credit Solutions, a wholly-owned portfolio company that is part of the Company’s business finance platform, providing receivables and inventory financing and management services to small and medium size businesses; 50.15% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.) and 49.85% owned by Wilshire Holdings 1, Inc. (a subsidiary of Newtek Business Services Corp.).
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See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
Non-Control Investments (22)
(9) PMTWorks Payroll, LLC d/b/a Newtek Payroll and Benefits Solutions (“NPS” or “PMT”), a wholly-owned portfolio company which offers an array of industry standard and competitively priced payroll management, payment and tax reporting services to SMBs; 25% owned by The Whitestone Group, LLC, (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.), 65% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.), and 10% owned by Exponential Business Development Co., Inc. (a subsidiary of Newtek Business Services Corp.).
(10) Newtek Business Lending, LLC (“NBL”), a wholly-owned portfolio company that provides SBA 504 loans and financing to the SMB market for the acquisition of fixed assets; 100% owned by Newtek Business Services Holdco 6, Inc. (a subsidiary of Newtek Business Services Corp.
(11) Newtek Merchant Solutions, LLC (“NMS”) is a wholly-owned portfolio company that markets credit and debit card processing services, check approval services, processing equipment, and software; 100% owned by NBSH Holdings, LLC (a subsidiary of Newtek Business Services Holdco 1, Inc., a subsidiary of Newtek Business Services Corp.).
(12) Small Business Lending, LLC (“SBL”) is a wholly-owned portfolio company that is part of the Company’s business finance platform;100% owned by Newtek LSP Holdco, LLC (a subsidiary of Wilshire Holdings I, Inc. and Newtek Business Services Holdco 5, Inc., both subsidiaries of Newtek Business Services Corp.). SBL provides third-party loan servicing for SBA and non-SBA loans, and provides lending institutions with outsourced solutions for the entire SBA lending process, including credit analysis, structuring and eligibility, packaging, closing compliance and servicing. In addition, SBL provides loan and servicing solutions to other parts of the Company’s business finance platform.
(13) Newtek Insurance Agency, LLC (“NIA”), a wholly-owned portfolio company which is a retail and wholesale brokerage insurance agency, licensed in all 50 states, specializing in the sale of commercial and health/benefits lines insurance products to the small and medium size business market as well as various personal lines of insurance; 100% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.).
(14) 50% owned by Exponential Business Development Co., Inc. (a subsidiary of Newtek Business Services Corp.), 47.8% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.) and 2.2% owned by Wilshire New York Advisers II, LLC (a subsidiary of Newtek Business Services Corp.).
(15) 100% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.)
(16) The initial acquisition date for EMCAP Loan Holdings, LLC was April 25, 2018.
(17) Mobil Money, LLC (“Mobil Money”), a wholly-owned portfolio company that provides payment processing for a merchant portfolio of taxi cabs; 100% owned by Newtek Business Services Holdco 4, Inc. (a subsidiary of Newtek Business Services Corp.).
(18) On May 20, 2019, the Company and its joint venture partner launched Newtek Conventional Lending, LLC (“NCL”) to provide non-conforming conventional commercial and industrial term loans to U.S. middle-market companies and small businesses. NCL is 50% owned by Newtek Commercial Lending, Inc. (a wholly-owned subsidiary of Newtek Business Services Corp.) and 50% owned by Conventional Lending TCP Holding, LLC (a wholly-owned, indirect subsidiary of BlackRock TCP Capital Corp. (NASDAQ:TCPC)). Deemed an investment company under the 1940 Act.
(19) 6.04% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.)
(20) 50.13% owned by Newtek Business Services Holdco 3, Inc. (a subsidiary of Newtek Business Services Corp.) and 49.87% owned by multiple non-affiliates.
(21) Zero cost basis is reflected as the portfolio company was organized by the Company and incurred internal legal costs to organize the entity and immaterial external filing fees which were expensed when incurred.
(22) All of the Company’s investments are in entities which are organized under the Laws of the United States and have a principal place of business in the United States.
(23) Non-qualifying asset under the Investment Company Act of 1940, as amended. Under the Investment Company Act of 1940, as amended, the Company may not acquire any non-qualifying assets unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. At December 31, 2020, 7.7% of total assets are non-qualifying assets.
(24) The Company’s investments generally are acquired in private transactions exempt from registration under the Securities Act and, therefore, generally are subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. However, unless otherwise indicated, such securities may be sold in certain transactions (generally to qualified institutional buyers) and remain exempt from registration.
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See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio Company Tickmarks Company Address Industry Type of Investment Interest Rate (2) Maturity Principal Cost Fair Value % of Net Assets
Non-Control Investments (22)
(25) Newtek Technology Solutions, Inc. (“NTS”) is a wholly-owned portfolio company that provides website hosting, dedicated server hosting, cloud hosting, web design and development, internet marketing, ecommerce, data storage, backup and disaster recovery, and other related services; 100% owned by NBSH Holdings, LLC (a subsidiary of Newtek Business Services Holdco 1, Inc., a subsidiary of Newtek Business Services Corp.). International Professional Marketing, Inc. (“IPM”) and Sidco, LLC d/b/a Cloud Nine Services (“SIDCO”) are wholly-owned portfolio companies which consult, strategize, design, and implement technology solutions for enterprise and commercial clients across the U.S. On January 1, 2021, IPM and SIDCO became subsidiaries of NTS. The Schedule of Investments shows IPM and SIDCO under NTS.
(26) 100% owned by Newtek LSP Holdco, LLC (a subsidiary of Wilshire Holdings I, Inc. and Newtek Business Services Holdco 5, Inc., both subsidiaries of Newtek Business Services Corp.).

As of December 31, 2020, the federal tax cost of investments was $582.7 million resulting in estimated gross unrealized gains and losses of $154.7 million and $57.8 million, respectively.

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See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1—DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION:

Newtek Business Services Corp. is a Maryland corporation which was formed in August 2013 and is an internally managed, closed end, non-diversified investment company. The Company’s investment strategy is to maximize the investment portfolio’s return by generating current income from the debt investments the Company makes and generate dividend income from equity investments in controlled portfolio companies. On August 2, 2021, the Company entered into the Stock Purchase Agreement with NBNYC and certain NBNYC shareholders to acquire all of the issued and outstanding stock of NBNYC. Subject to certain regulatory approvals (the “Regulatory Approvals”) , and the Company receiving its shareholders' approval to withdraw the Company’s election as a business development company as required under the 1940 Act, this acquisition is part of the Company's plan to reposition itself as a bank holding company that has elected financial holding company status. See "Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations— Executive Summary."

The Company has formed certain Taxable Subsidiaries, which are taxed as corporations for federal income tax purposes. These Taxable Subsidiaries allow the Company to hold equity securities of portfolio companies organized as pass-through entities while continuing to satisfy the requirements of a RIC under the Code.

The following wholly-owned subsidiaries are consolidated in the financial statements of the Company:

Newtek Small Business Finance, LLC
Newtek Asset Backed Securities, LLC
CCC Real Estate Holdings, LLC
The Whitestone Group, 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 Partners, LLC
Exponential Business Development Co., Inc.
Newtek Commercial Lending, Inc.
Newtek LSP Holdco, LLC
NBSH Holdings, LLC
Newtek Business Services Holdco 1, Inc.
Newtek Business Services Holdco 2, Inc.
Newtek Business Services Holdco 3, Inc.
Newtek Business Services Holdco 4, Inc.
Newtek Business Services Holdco 5, Inc. (formerly Banc-Serv Acquisition, Inc.)
Newtek Business Services Holdco 6, Inc.
Except as otherwise noted, all financial information included in the tables in the following footnotes is stated in thousands, except per share data.

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The accompanying notes to the unaudited condensed consolidated financial statements should be read in conjunction with Newtek’s Annual Report on Form 10-K for the year ended December 31, 2020. The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. GAAP and pursuant to the requirements for reporting on Form 10-Q and Article 10 of Regulation S-X and, therefore, omit or condense certain footnotes and other information normally included in financial statements prepared in accordance with U.S. GAAP. In the opinion of management, the condensed consolidated financial statements reflect all adjustments and reclassifications that are necessary for the fair presentation of financial results as of and for the periods presented. The results of operations for an interim period may not give a true indication of the results for the entire year. The December 31, 2020 consolidated statement of assets and liabilities has been derived from the audited financial statements as of that date. All intercompany balances and transactions have been eliminated in consolidation.

NOTE 2—SIGNIFICANT ACCOUNTING POLICIES:
Fair Value

The Company applies fair value accounting to certain of its financial instruments in accordance with ASC Topic 820 — Fair Value Measurement (“ASC Topic 820”). ASC Topic 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements. In accordance with ASC Topic 820, the Company has categorized its financial instruments carried at fair value, based on the priority of the valuation technique, into a three-level fair value hierarchy. Fair value is a market-based measure considered from the perspective of the market participant who holds the financial instrument rather than an entity-specific measure. Therefore, when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that management believes market participants would use in pricing the financial instrument at the measurement date.

The availability of observable inputs can vary depending on the financial instrument and is affected by a wide variety of factors, including, for example, the type of product, whether the product is new, whether the product is traded on an active exchange or in the secondary market and the current market conditions. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for financial instruments classified as Level 3.

Any changes to the valuation methodology are reviewed by management and the Board to confirm that the changes are appropriate. As markets change, new products develop and the pricing for products becomes more or less transparent, the Company will continue to refine its valuation methodologies. See further description of fair value methodology in NOTE 6—FAIR VALUE MEASUREMENTS.
Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expense during the reporting period. The level of uncertainty in estimates and assumptions increases with the length of time until the underlying transactions are complete. Actual results could differ from those estimates.

Consolidation

As provided under ASC Topic 946 — Investment Companies, the Company will generally not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company.

Assets related to transactions that do not meet ASC Topic 860 — Transfers and Servicing (“ASC Topic 860”) requirements for accounting sale treatment are reflected in the Company’s consolidated statements of assets and liabilities as investments. Those assets are owned by the securitization trusts and are included in the Company’s consolidated financial statements. The creditors of the special purpose entities have received security interests in such assets and such assets are not intended to be available to the creditors of the Company.

Although the Company owns more than 25% of the voting securities of NCL, the Company does not have sole control over significant actions of NCL for purposes of the 1940 Act or otherwise, and does not consolidate its interest in NCL.

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Distributions

Dividends and distributions to the Company's common stockholders are recorded on the declaration date. The timing and amount to be paid out as a dividend or distribution is determined by the Company's Board each quarter and is generally based upon the annual taxable earnings estimated by management.
Cash

The Company considers all highly liquid investments with maturities of three months or less when purchased to be cash equivalents. Invested cash is held exclusively at financial institutions of high credit quality. As of September 30, 2021, cash deposits in excess of insured amounts totaled $45.2 million. The Company has not experienced any losses with respect to cash balances in excess of insured amounts and management does not believe there was a significant concentration of risk with respect to cash balances as of September 30, 2021.
Restricted Cash

Restricted cash includes amounts due on SBA loan-related remittances to third parties, cash reserves established as part of a voluntary agreement with the SBA, cash reserves associated with securitization transactions, and cash margin as collateral for derivative instruments. As of September 30, 2021, total restricted cash was $182.9 million.

The following table provides a reconciliation of cash and restricted cash as of September 30, 2021 and 2020 and December 31, 2020 and 2019:
September 30, 2021 September 30, 2020 December 31, 2020 December 31, 2019
Cash $ 20,193 5,966 2,073 $ 1,762
Restricted cash 182,913 40,511 49,352 31,445
Cash and restricted cash $ 203,106 $ 46,477 $ 51,425 $ 33,207

Broker Receivable

Broker receivable represents amounts due from third parties for loans which have been traded at period end but have not yet settled.
Servicing Assets
The Company accounts for servicing assets in accordance with ASC Topic 860-50 - Transfers and Servicing - Servicing Assets and Liabilities. Servicing assets are measured at fair value at each reporting date and the Company reports changes in the fair value of servicing assets in earnings in the period in which the changes occur. The Company earns servicing fees from the guaranteed portions of SBA 7(a) loans it originates and sells. The valuation model for servicing assets incorporates assumptions including, but not limited to, servicing costs, discount rate, prepayment rate, and default rate. Considerable judgement is required to estimate the fair value of servicing assets and as such these assets are classified as Level 3 in our fair value hierarchy.
Due to Participants
Due to participants represents amounts due to third party investors in the SBA guaranteed portion of SBA 7(a) and PPP loans. When the Company receives principal payments, including PPP loan forgiveness, after the loan has been either partially or fully sold to the participant, the remittances received by the Company are either owed in part of in full to the participant and amounts are recorded as a liability on the consolidated statements of assets and liabilities.
Derivative Instruments
The Company uses derivative instruments primarily to economically manage the fair value variability of fixed rate assets caused by interest rate fluctuations. Derivative instruments consist of interest rate futures and are held at fair value on the balance sheet. Collateral posted with our futures counterparties is segregated in the Company’s books and records. Interest rate futures are centrally cleared by the Chicago Mercantile Exchange (“CME”) through a futures commission merchant. Interest rate futures that are governed by an ISDA agreement provide for bilateral collateral pledging based on the counterparties’ market value. The counterparties have the right to re-pledge the collateral posted but have the obligation to return the pledged collateral, or, if the Company agrees, substantially the same collateral as the market value of the interest rate futures change.
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The Company is required to post initial margin and daily variation margin for interest rate futures that are centrally cleared by CME. CME determines the fair value of our centrally cleared futures, including daily variation margin. Effective January 3, 2017, CME amended its rulebooks to legally characterize daily variation margin payments for centrally cleared interest rate futures as settlement rather than collateral. As a result of this rule change, variation margin pledged on the Company’s centrally cleared interest rate futures is settled against the realized results of these futures.
Income Taxes

The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted on March 27, 2020 and made significant prospective and retroactive changes to the U.S. federal income tax laws (and certain corresponding state and local conformity measures) including: (1) 5-year net operating loss (“NOL”) carrybacks with no taxable income limitation, (2) relaxation of the limitations on interest expense deductions, (3) qualified improvement property eligible for bonus depreciation, (4) acceleration of alternative minimum tax credits and related quick tax refunds, and (5) indirect tax measures, including workplace tax credits and deferral of social security payroll tax. Management has considered the impact of the CARES Act on the Company, its Taxable Subsidiaries, and the underlying portfolio companies, and the Company has reflected these potential impacts in the financial statements, related tax disclosures, and the value of the investments.

Deferred tax assets and liabilities are computed based upon the differences between the financial statement and income tax basis of assets and liabilities using the enacted tax rates in effect for the year in which those temporary differences are expected to be realized or settled. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.

The Company’s U.S. federal and state income tax returns prior to fiscal year 2017 are generally closed, and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings.

The Company has elected to be treated as a RIC under the Code beginning with the 2015 tax year and operates in a manner so as to continue to qualify for the tax treatment applicable to RICs. The RIC tax return includes Newtek Business Services Corp. and NSBF, a single member LLC disregarded for tax purposes. None of the Company’s other subsidiaries are included in the RIC tax return. The Company will evaluate and record any deferred tax assets and liabilities of the subsidiaries that are not included in the RIC tax return. In order to maintain its RIC tax treatment, among other things, the Company is required to meet certain source of income and asset diversification requirements and timely distribute to its stockholders at least 90% of investment company taxable income, as defined by the Code, for each tax year. The Company intends to make the requisite distributions to its stockholders, which will generally relieve the Company from U.S. federal income taxes with respect to any income that is distributed to its stockholders as dividends.

Depending on the level of taxable income earned in a tax year, the Company may choose to retain taxable income in excess of current year dividend distributions and would distribute such taxable income in the next tax year. The Company would then pay a 4% excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual taxable income, determined on a calendar year basis, could exceed estimated current calendar year dividend distributions, the Company accrues excise tax, if any, on estimated excess taxable income as taxable income is earned. For the nine months ended September 30, 2021 and 2020, no U.S. federal excise taxes were due.

The Company’s Taxable Subsidiaries accrue income taxes payable based on the applicable corporate rates on the net unrealized appreciation generated by the controlled investments held by the Taxable Subsidiaries. Such deferred tax liabilities amounted to $13.5 million and $11.4 million at September 30, 2021 and December 31, 2020, respectively, and are recorded as deferred tax liabilities on the consolidated statements of assets and liabilities. The change in deferred tax liabilities is included as a component of net unrealized appreciation (depreciation) on investments in the consolidated statements of operations.

Investment Income

Management reviews all loans that become 90 days or more past due on principal or interest or when there is reasonable doubt that principal or interest will be collected for possible placement on management’s designation of non-accrual status. Interest receivable is analyzed regularly and may be reserved against when deemed uncollectible. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although we may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection.
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On March 27, 2020, Congress passed, and the President of the United States signed into law, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). The CARES Act provided an over $2.0 trillion stimulus package to certain businesses and individuals affected by the COVID-19 pandemic, with subsidies to certain existing SBA 7(a) borrowers in which the SBA paid all principal, interest, and fees on existing performing SBA 7(a) loans for six months beginning with such borrowers’ April 2020 payments. Among other things, the CARES Act allowed NSBF, as an SBA 7(a) lender, to originate loans under the Paycheck Protection Program (“PPP”) as an expansion of the existing SBA Section 7(a) loan program through June 30, 2020, which PPP was extended through May 31, 2021, with PPP lenders allowed to continue to close PPP loans approved by the SBA prior to May 31, 2021. Pursuant to the PPP, the SBA reimbursed NSBF for originating PPP loans and such SBA reimbursements are included as interest income on PPP loans. Such fees were accounted for under ASC-310 Receivables and deferred until the PPP loan participations were sold to one of the banks which had entered into PPP loan participation agreements with NSBF. Refer to NOTE 3—INVESTMENTS. Income earned in connection with the PPP should not be viewed as recurring. NSBF funded the balance of its PPP loans by the end of July 2021. NSBF has continued to shift resources and refocus its efforts on funding SBA 7(a) loans.

Dividend income is recognized on an accrual basis for preferred equity securities to the extent that such amounts are expected to be collected or realized. In determining the amount of dividend income to recognize, if any, from cash distributions on common equity securities, we will assess many factors including a portfolio company’s cumulative undistributed income and operating cash flow. Cash distributions from common equity securities received in excess of such undistributed amounts are recorded first as a reduction of our investment and then as a realized gain on investment.

The Company earns servicing income related to the guaranteed portions of SBA loan investments which it sells into the secondary market. These recurring fees are earned and recorded daily. Servicing income is earned for the full term of the loan or until the loan is repaid.

The Company earns a variety of fees from borrowers in the ordinary course of conducting its business, including packaging, legal, late payment and prepayment fees. All other income is recorded when earned. Other income is generally non-recurring in nature and earned as “one time” fees in connection with the origination of new debt investments with non-affiliates.

Investment transactions are accounted for on a trade-date basis. Realized gains or losses on investments are measured by the difference between the net proceeds from the disposition and the cost basis of investment, without regard to unrealized gains or losses previously recognized. The Company reports current period changes in the fair value of investments as a component of the net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations.

Stock – Based Compensation

The Company accounts for its equity-based compensation plan using the fair value method, as prescribed by ASC Topic 718 – Stock Compensation. Accordingly, for restricted stock awards, the Company measures the grant date fair value based upon the market price of the Company’s common stock on the date of the grant and amortizes this fair value to salaries and benefits ratably over the requisite service period or vesting term.

Recently Adopted Accounting Pronouncements

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,(“ASU 2020-04”). ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts and transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848),” which expanded the scope of Topic 848 to include derivative instruments impacted by discounting transition. ASU 2020-04 and ASU 2021-01 are effective as of March 12, 2020 through December 31, 2022. ASU No. 2021-01 provides increased clarity as the Company continues to evaluate the transition of reference rates and is currently evaluating the impact of adopting 2021-01 on the consolidated financial statements, however, the impact of the adoption is not expected to be material.The adoption of ASU 2020-04 did not have a material impact on the Company’s consolidated financial statements.

In May 2020, the SEC adopted amendments to the financial disclosure requirements in Regulation S-X including the significance tests in the “significant subsidiary” definition in Rule 1-02(w), Securities Act Rule 405, and Exchange Act Rule 12b-2 to improve their application and to assist registrants in making more meaningful determinations of whether a subsidiary or an acquired or disposed business is significant. In addition, to address the unique attributes of investment companies and business development companies, the SEC updated the significance tests in Rule 1-02(w), Securities Act Rule 405, and Exchange Act Rule 12b-2 by (i) revising the investment test to compare the registrant’s investments in and advances to the
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acquired or disposed business to the registrant’s aggregate worldwide market value if available; (ii) revising the income test by adding a revenue component; (iii) expanding the use of pro forma financial information in measuring significance; and (iv) conforming, to the extent applicable, the significance threshold and tests for disposed businesses to those used for acquired businesses. The amendment became effective January 1, 2021.

In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables–Nonrefundable Fees and Other Costs, (“ASU 2020-08”). This ASU clarifies that an entity should reevaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The adoption of ASU 2020-08 did not have a material impact on its consolidated financial statements since the Company does not have any convertible debt.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 815), (“ASU 2019-12”). ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. ASU 2019-12 also improves the consistent application of, and simplifies, GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The standard is effective for all entities for financial statements issued for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The adoption of ASU 2019-12 did not have a material impact on the Company’s consolidated financial statements.

Segments

The Company has determined that it has a single reporting segment and operating unit structure. The Company issues debt and makes equity investments in portfolio companies in various industries. The Company separately evaluates the performance of each of its lending and investment relationships. However, because each of these debt and equity investment relationships have similar business and economic characteristics, they have been aggregated into a single lending and investment segment.
Reclassifications
Certain prior period amounts have been reclassified to conform to the current period presentation.

NOTE 3—INVESTMENTS:

Investments, all of which are in portfolio companies in the United States, consisted of the following at:
September 30, 2021 December 31, 2020
Cost Fair Value Cost Fair Value
Non-affiliate debt investments $ 449,297 $ 442,622 $ 437,364 $ 425,570
Non-control investments:
Equity 1,000 1,000 1,000 1,000
Debt 5,400 5,921 5,447 5,447
Controlled investments:
Equity 104,458 216,612 92,958 199,342
Equity interest in NCL (Joint Venture) 19,047 20,600 19,002 20,028
Debt 37,371 25,704 26,931 19,801
Total investments $ 616,573 $ 712,459 $ 582,702 $ 671,188

SBA unguaranteed investments consisted of the following breakdown of accrual and non-accrual loans at:
September 30, 2021 December 31, 2020
Cost Fair Value Cost Fair Value
Accrual $ 365,818 $ 379,958 $ 364,957 $ 378,329
Non-Accrual 50,834 26,623 55,443 29,419
Total SBA unguaranteed investments $ 416,652 $ 406,581 $ 420,400 $ 407,748

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SBA guaranteed investments consisted of the following breakdown of accrual and non-accrual loans at:
September 30, 2021 December 31, 2020
Cost Fair Value Cost Fair Value
Accrual $ 31,228 $ 34,598 $ 15,889 $ 16,747
Non-Accrual 1,418 1,443 1,075 1,075
Total SBA guaranteed investments $ 32,646 $ 36,041 $ 16,964 $ 17,822

As a result of the uncertain economic impact to U.S. small businesses created by the COVID-19 pandemic, the Company’s Executive Committee and Lending Team temporarily shifted the focus of NSBF from originating SBA 7(a) loans to originating PPP loans beginning in March 2020 through June 30, 2020. During the duration of the PPP through December 31, 2020, NSBF funded approximately 10,570 PPP loans totaling $1.2 billion, with an additional $0.7 billion funded during nine months ended ended September 30, 2021. Beginning in July 2020, NSBF restarted funding SBA 7(a) loans, and since that time has continued to shift resources and refocus its efforts on funding SBA 7(a) loans.

To facilitate NSBF’s involvement as an authorized lender in the PPP, during the second quarter of 2020, NSBF entered into PPP loan participation agreements where NSBF originated PPP loans and sold 90% participating interests to UBS Bank USA (“UBS”), Stifel Bank (“Stifel”), Morgan Stanley Bank, N.A. (“Morgan Stanley”), and Amalgamated Bank (“Amalgamated”), collectively the “Participants.” The participation interests were sold at par due to the short term maturity of the loans. NSBF and the Participants share proportionally in all interest and principal payments made on the loans. Subsequently, UBS, Stifel, and Amalgamated amended their agreements with NSBF to allow the banks to purchase 100% participation interests in certain of the PPP loans originated by NSBF. In connection with the amendments, UBS, Stifel, and Amalgamated purchased the remaining 10% participation interests in their participation loans, bringing their participation interests to 100%, while Morgan Stanley continues to hold 90% participation interests as of September 30, 2021. NSBF continues to hold the PPP loan notes and the PPP loan documents for PPP loans yet to be forgiven by the SBA, in order to service the loans and facilitate the PPP loan forgiveness process. The servicing liability in connection with the PPP loans was deemed immaterial. PPP loan origination fees are recognized as interest income on sale of PPP loan participations.

In accordance with the terms of the PPP participation agreements and SBA regulations and guidance, NSBF, as the originating lender, must continue to hold the PPP loan notes, the PPP loan documents and service the PPP loans (i.e., retain all servicing rights). Moreover, as the originating lender, NSBF is the party responsible to the SBA with respect to all servicing actions, including requests for advance purchases and loan forgiveness, and will be the party eligible for the guarantee purchase of the PPP loan. In the event of a loss resulting from a default on a PPP loan and a determination by the SBA that there was a deficiency in the manner in which the PPP loan was originated, funded, or serviced by NSBF, the SBA may deny its liability under the guaranty, reduce the amount of the guaranty, or, if it has already paid under the guaranty, seek recovery of any loss related to the deficiency. NSBF has agreed that it will repurchase from the Participants on demand the Participants’ Percentage of any outstanding principal and interest under the applicable PPP Loan under certain standard representations and warranties, including in the event of a loss due to fraud, gross negligence or willful misconduct on the part of NSBF or any failure to recover under the SBA guarantee as a result of any deficiency in documenting or servicing such PPP Loan by NSBF.

The following table shows the Company’s SBA guaranteed accrual loans by SBA loan type at:

September 30, 2021 December 31, 2020
Cost Fair Value Cost Fair Value
7(a) $ 29,030 $ 32,400 $ 9,369 $ 10,227
PPP 1
2,198 2,198 6,520 6,520
Accrual SBA guaranteed investments $ 31,228 $ 34,598 $ 15,889 $ 16,747
(1) 112 SBA guaranteed loans originated under the PPP by NSBF; comprised of 107 loans in which NSBF holds 10% participation interests and 5 loans voluntarily repurchased from participants during the second quarter of 2021 that are 100% owned by NSBF. The total of 100% NSBF-owned PPP loans at September 30, 2021 is $0.1 million.
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The following table shows the Company’s portfolio investments by industry at:

September 30, 2021 December 31, 2020
Cost Fair Value Cost Fair Value
Data Processing, Hosting, and Related Services $ 57,125 $ 165,963 $ 56,900 $ 156,874
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 83,963 75,159 63,635 61,135
Food Services and Drinking Places 43,749 45,876 38,142 38,832
Amusement, Gambling, and Recreation Industries 28,522 29,232 25,187 25,509
Professional, Scientific, and Technical Services 24,542 24,198 26,571 25,998
Specialty Trade Contractors 23,108 22,923 17,207 16,673
Truck Transportation 27,520 22,224 30,684 24,341
Repair and Maintenance 18,166 19,084 17,650 18,521
Fabricated Metal Product Manufacturing 17,572 18,741 15,834 16,484
Ambulatory Health Care Services 20,760 18,181 20,365 17,626
Administrative and Support Services 15,339 14,566 14,612 13,962
Merchant Wholesalers, Durable Goods 13,162 13,585 12,507 12,843
Accommodation 12,579 12,421 11,704 12,072
Merchant Wholesalers, Nondurable Goods 12,443 12,135 13,607 12,853
Food Manufacturing 13,557 12,101 13,923 12,990
Personal and Laundry Services 11,303 12,078 13,303 14,192
Social Assistance 9,607 10,599 10,075 11,147
Rental and Leasing Services 7,975 7,869 8,955 8,505
Machinery Manufacturing 7,322 7,706 7,119 6,969
Nonstore Retailers 7,474 7,366 6,403 6,319
Gasoline Stations 6,678 7,084 7,928 7,727
Building Material and Garden Equipment and Supplies Dealers 6,339 6,705 6,660 6,862
Motor Vehicle and Parts Dealers 6,313 6,216 5,838 5,863
Support Activities for Mining 5,717 5,577 4,583 4,548
NCL (Joint Venture) 19,047 20,600 19,002 20,028
Other 116,691 114,270 114,308 112,315
Total $ 616,573 $ 712,459 $ 582,702 $ 671,188

Newtek Conventional Lending, LLC

On May 20, 2019, the Company and its joint venture partner launched Newtek Conventional Lending, LLC (“NCL”) to provide non-conforming conventional commercial and industrial term loans to U.S. middle-market companies and small businesses. NCL is a 50/50 joint venture between Newtek Commercial Lending, Inc. a wholly-owned subsidiary of Newtek, and Conventional Lending TCP Holding, LLC, a wholly-owned, indirect subsidiary of BlackRock TCP Capital Corp. (Nasdaq:TCPC). NCL ceased funding new non-conventional conforming loans during 2020 due to the COVID-19 pandemic. The Company anticipates relaunching its non-conforming conventional commercial loan program during the fourth quarter of 2021 through new joint venture partnerships.

The following table shows NCL’s individual investments as of September 30, 2021:

Portfolio Company Industry Investment Type Interest Rate Maturity Principal Cost
Fair Value 1
10 28th Ave SW Associates LLC Fitness and Recreational Sport Centers Term Loan 5 Yr Libor plus 5.50% 4/1/2045 $ 2,236 $ 2,192 $ 2,161
10 28th Ave SW Associates LLC Fitness and Recreational Sport Centers Term Loan 5 Yr Libor plus 5.50% 4/1/2045 1,259 1,231 1,217
Cocoa Beach Office LLC Other Activities Related to Credit Intermediation Term Loan 2 Yr Libor plus 5.70% 8/1/2044 424 409 423
Foxhall Hospitality, LLC Hotels (except Casino Hotels) and Motels Term Loan 5 Yr Libor plus 6.00% 11/1/2044 10,360 10,153 10,651
Foxhall Hospitality, LLC Hotels (except Casino Hotels) and Motels Term Loan 5 Yr Libor plus 6.00% 11/1/2044 6,059 5,939 6,230
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The Camera Division, LLC Commercial & Industrial Machinery & Equipment Term Loan 5 Yr Libor plus 7.25% 9/1/2029 11,144 10,821 11,143
The Emerald Green Group, LLC Full-Service Restaurant Term Loan 2 Yr Libor plus 5.65% 8/1/2029 5,887 5,717 5,530
XL Soccer World Orlando II LLC Fitness and Recreational Sport Centers Term Loan Prime plus 3.25% 11/1/2045 5,020 4,869 5,018
XL Sports World NJ LLC and XL Soccer World Orlando LLC Fitness and Recreational Sport Centers Term Loan 5 Yr Libor plus 5.50% 8/1/2044 6,118 5,966 6,360
XL Sports World NJ LLC and XL Soccer World Orlando LLC Fitness and Recreational Sport Centers Term Loan 5 Yr Libor plus 5.50% 8/1/2044 4,704 4,587 4,828
Tricare Unlimited LLC and Geron Enterprises LLC Nursing Care Facilities(Skilled Nursing Facilities) Term Loan 2 Yr Treasury plus 6.51% 1/1/2045 5,637 5,482 5,951
E Entities LLC Exterminating & Pest Control Services Term Loan 5 Yr Treasury plus 7.71% 1/1/2030 5,351 5,218 5,705
Trinity MCC Realty, LLC Motor Vehicle and Parts Dealers Term Loan 5 Yr Treasury plus 6.58% 2/1/2045 5,103 4,960 5,353
Jaffe Real Estate LLC Full-Service Restaurant Term Loan 5 Yr Treasury plus 7.93% 4/1/2045 2,235 2,173 2,235
Berry Ventures Inc Painting & Wall Covering Contractors Term Loan 5 Yr Treasury plus 7.25% 4/1/2045 387 374 416
Total $ 71,924 $ 70,091 $ 73,221
(1) Fair value determined using significant unobservable inputs.

The following table shows NCL’s individual investments as of December 31, 2020:
Portfolio Company Industry Investment Type Interest Rate Maturity Principal Cost
Fair Value 1
10 28th Ave SW Associates LLC Fitness and Recreational Sport Centers Term Loan 5 Yr Libor plus 5.50% 4/1/2045 $ 2,268 $ 2,223 $ 2,130
10 28th Ave SW Associates LLC Fitness and Recreational Sport Centers Term Loan 5 Yr Libor plus 5.50% 4/1/2045 1,277 1,248 1,199
Cocoa Beach Office LLC Other Activities Related to Credit Intermediation Term Loan 2 Yr Libor plus 5.70% 8/1/2044 429 414 430
Foxhall Hospitality, LLC Hotels (except Casino Hotels) and Motels Term Loan 5 Yr Libor plus 6.00% 11/1/2044 10,470 10,261 10,840
Foxhall Hospitality, LLC Hotels (except Casino Hotels) and Motels Term Loan 5 Yr Libor plus 6.00% 11/1/2044 6,124 6,002 6,340
The Camera Division, LLC Commercial & Industrial Machinery & Equipment Term Loan 5 Yr Libor plus 7.25% 9/1/2029 11,144 10,802 11,144
The Emerald Green Group, LLC Full-Service Restaurant Term Loan 2 Yr Libor plus 5.65% 8/1/2029 6,127 5,947 6,049
XL Soccer World Orlando II LLC Fitness and Recreational Sport Centers Term Loan Prime plus 3.25% 11/1/2045 4,557 4,405 4,517
XL Sports World NJ LLC and XL Soccer World Orlando LLC Fitness and Recreational Sport Centers Term Loan 5 Yr Libor plus 5.50% 8/1/2044 6,193 6,039 6,544
XL Sports World NJ LLC and XL Soccer World Orlando LLC Fitness and Recreational Sport Centers Term Loan 5 Yr Libor plus 5.50% 8/1/2044 4,762 4,644 4,970
JW Aviation LLC and 21 Air LLC and AMN Doral LLC Other Nonscheduled Air Transportation Term Loan 2 Yr Libor plus 8.25% 12/1/2044 2,497 2,410 2,497
Tricare Unlimited LLC and Geron Enterprises LLC Nursing Care Facilities(Skilled Nursing Facilities) Term Loan 2 Yr Treasury plus 6.51% 1/1/2045 5,695 5,538 6,145
E Entities LLC Exterminating & Pest Control Services Term Loan 5 Yr Treasury plus 7.71% 1/1/2030 5,656 5,515 6,028
Trinity MCC Realty, LLC Motor Vehicle and Parts Dealers Term Loan 5 Yr Treasury plus 6.58% 2/1/2045 5,240 5,096 5,616
Jaffe Real Estate LLC Full-Service Restaurant Term Loan 5 Yr Treasury plus 7.93% 4/1/2045 2,257 2,195 2,257
Berry Ventures Inc Painting & Wall Covering Contractors Term Loan 5 Yr Treasury plus 7.25% 4/1/2045 472 459 513
Total $ 75,168 $ 73,198 $ 77,219
(1) Fair value determined using significant unobservable inputs.

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The following tables show certain summarized financial information for NCL:
Selected Statement of Assets and Liabilities Information September 30, 2021 December 31, 2020
(Unaudited)
Cash $ 1,218 $ 1,493
Investments in loans, at fair value (amortized cost of $70,091 and $73,197, respectively) 73,221 77,219
Other assets 781 1,274
Total assets $ 75,220 $ 79,986
Bank notes payable $ 33,916 $ 38,792
Other liabilities 187 1,138
Total liabilities 34,103 39,930
Net assets 41,116 40,056
Total liabilities and net assets $ 75,219 $ 79,986
Selected Statements of Operations Information Three Months Ended September 30,
2021 2020
Interest and other income $ 1,558 $ 41
Total expenses 587 (550)
Net investment (loss) income 971 591
Net unrealized appreciation (depreciation) on investments (464) (300)
Net increase in net assets resulting from operations $ 507 $ 291

Non-Control Debt Investments

As of September 30, 2021, the Company holds one loan purchased from NBL, a wholly-owned controlled portfolio company, in September of 2020 at par. During the three and nine months ended September 30, 2021, the Company recognized $3 thousand of unrealized depreciation and $0.5 million of unrealized appreciation relating to the loan, respectively. The Company is not affiliated with the borrower of the loan.

NOTE 4—TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS:

Transactions with Affiliated Companies

An affiliated company is an entity in which the Company has an ownership of 5% or more of its voting securities. A controlled affiliate is an entity in which the Company owns more than 25% of its voting securities. Transactions related to our investments with controlled and non-controlled affiliated companies for the nine months ended September 30, 2021 were as follows:
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Portfolio Company Fair Value at December 31, 2020 Purchases (Cost) Principal Received Net Realized Gains/(Losses) Net Unrealized Gains/(Losses) Fair Value at September 30, 2021 Interest and Other Income Dividend Income
Controlled Investments
Newtek Merchant Solutions, LLC (NMS) $ 111,500 $ — $ — $ — $ — $ 111,500 $ — $ —
Mobil Money, LLC 2,500 — — — 1,000 3,500 — —
Newtek Technology Solutions, Inc. (NTS) 1
41,796 — — — 6,000 47,796 848 —
CDS Business Services, Inc. 5,900 10,440 — — (6,540) 9,800 745 —
Small Business Lending, LLC 10,050 — — — (5,650) 4,400 30 —
Newtek Insurance Agency, LLC 2,150 950 — — (950) 2,150 — —
PMTWorks Payroll, LLC — 500 — — 1,500 2,000 — —
Titanium Asset Management LLC 655 — — — 3 658 — —
POS on Cloud, LLC 1,050 — — — — 1,050 80 —
Newtek Conventional Lending, LLC 20,028 45 — — 527 20,600 — 51
Newtek Business Lending, LLC 43,542 25,050 (15,000) — 5,870 59,462 — —
Total Controlled Investments $ 239,171 $ 36,985 $ (15,000) $ — $ 1,760 $ 262,916 $ 1,703 $ 51
Non-Control Investments
EMCAP Loan Holdings, LLC $ 1,000 $ — $ — $ — $ — $ 1,000 $ — $ 70
Total Affiliate Investments $ 240,171 $ 36,985 $ (15,000) $ — $ 1,760 $ 263,916 $ 1,703 $ 121
(1) On January 1, 2021, the Company contributed its ownership of IPM and SIDCO to NTS, and IPM and SIDCO became subsidiaries of NTS. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity. The above table reflects the combined fair values, unrealized appreciation and amount of dividends credited to income.

Related Party Transactions

Notes Payable - Related Parties

In June 2015, the Company entered into the Related Party RLOC. Maximum borrowings under the Related Party RLOC were $38.0 million. In June 2017, the Related Party RLOC was amended to increase maximum borrowings to $50.0 million. The outstanding balance had an interest rate equal to 1 month LIBOR (with a floor of 0.50%) plus 6.0% or a rate equal to the greater of the Prime Rate or 3.5% plus 5.0%. In November 2018, the Related Party RLOC was amended to reduce the interest rate to the lesser of 1 month LIBOR plus 2.5% or the Prime Rate plus 1.5%.

At September 30, 2021, the Related Party RLOC interest rate was 2.71%. The Related Party RLOC has a maturity date of November 8, 2023. There were no outstanding borrowings from NMS at September 30, 2021 under the Related Party RLOC.

For the three months ended September 30, 2021 and 2020, interest expense was $109,000 and $7,000 respectively.

For the nine months ended September 30, 2021 and 2020, interest expense was $275,000 and $298,000, respectively.

Expenses Incurred from Controlled Portfolio Companies

The Company incurs expenses from certain controlled portfolio companies including managed technology services from NTS, origination and loan processing fees from various related parties and payroll processing fees from PMT.
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Three Months Ended Nine Months Ended
September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020
Managed technology services $ 532 $ 461 $ 1,475 $ 1,285
Origination and loan processing 3,187 2,710 10,856 8,464
Loan servicing 14 — 41 —
Payroll processing fees 8 8 25 25
Total $ 3,741 $ 3,179 $ 12,397 $ 9,774

The Company also sub-leases portions of its office space in Lake Success, New York to certain portfolio companies. Amounts charged were as follows:
Three Months Ended Nine Months Ended
Portfolio Company September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020
Newtek Merchant Solutions, LLC $ 63 $ 52 $ 187 $ 169
Newtek Technology Solutions, Inc. 2 3 8 8
Small Business Lending, LLC 80 74 230 221
Newtek Insurance Agency, LLC 17 13 52 43
CDS Business Services, Inc. 18 21 56 59
PMTWorks Payroll, LLC 3 7 14 23
Newtek Business Lending, LLC 2 1 5 4
Total $ 185 $ 171 $ 552 $ 527

Amounts due from related parties were $5.8 million and $6.1 million at September 30, 2021 and December 31, 2020, respectively. Amounts due to related parties were $4.2 million and $2.1 million at September 30, 2021 and December 31, 2020, respectively.

Managerial Assistance Fees from Controlled Investments

The Company offers managerial assistance to all portfolio companies and currently provides managerial assistance to certain controlled portfolio companies. Fees are recorded on a quarterly basis, are recurring in nature, and are charged consistently based on estimates of time and effort spent by certain employees providing managerial services. The table below summarizes amounts charged to each controlled portfolio company, and are recorded as a credit to salaries and benefits in the consolidated statements of operations.

Three Months Ended Nine Months Ended
Portfolio Company September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020
Newtek Merchant Solutions, LLC $ 106 $ 107 $ 338 $ 292
Newtek Technology Solutions, Inc. 1
107 125 358 379
PMTWorks Payroll, LLC 23 22 65 83
Newtek Insurance Agency, LLC 32 32 95 95
Newtek Conventional Lending, LLC 5 — 5 —
CDS Business Services, Inc. 64 30 148 89
International Professional Marketing, Inc. 1
— 24 — 68
SIDCO, LLC 1
— 23 — 73
Mobil Money, LLC 28 25 86 96
Newtek Business Lending, LLC 43 34 119 101
Small Business Lending, LLC 130 126 382 381
Total $ 538 $ 548 $ 1,596 $ 1,657
(1) On January 1, 2021, IPM and SIDCO became subsidiaries of NTS. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity. Managerial assistance fees for 2021 for IPM and SIDCO are included within NTS.

NOTE 5—SERVICING ASSETS:
Servicing assets are measured at fair value. The Company earns servicing fees from the guaranteed portions of SBA 7(a) loans it originates and sells.
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The following tables summarizes the fair value and valuation assumptions related to servicing assets at September 30, 2021 and December 31, 2020:
Servicing Assets Weighted Range
Date Fair Value Unobservable Input Average Minimum Maximum
September 30, 2021 $ 28,899
Discount factor 1
11.24 % 11.24 % 11.24 %
Cumulative prepayment rate 22.00 % 22.00 % 22.00 %
Average cumulative default rate 25.00 % 25.00 % 25.00 %
December 31, 2020 $ 26,061
Discount factor 1
11.24 % 11.24 % 11.24 %
Cumulative prepayment rate 20.00 % 20.00 % 20.00 %
Average cumulative default rate 25.00 % 25.00 % 25.00 %
(1) Determined based on risk spreads and observable secondary market transactions.

Servicing fee income earned for the three months ended September 30, 2021 and 2020 was $2.8 million and $2.9 million, respectively. Servicing fee income earned for the nine months ended September 30, 2021 and 2020 was $8.3 million and $8.4 million, respectively.

NOTE 6—FAIR VALUE MEASUREMENTS:

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. In determining fair value, management uses various valuation approaches, all of which have been approved by the Company’s Board. In accordance with GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available.
The fair value hierarchy gives the highest priority (Level 1) to quoted prices in active markets for identical assets or liabilities and gives the lowest priority to unobservable inputs (Level 3). The levels of the fair value hierarchy are as follows:

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.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset or a liability’s categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The Company assesses the levels of assets and liabilities at each measurement date. There were no transfers to or from Level 3 of the fair value hierarchy for assets and liabilities during the nine months ended September 30, 2021 or 2020.
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Level 1 investments are valued using quoted market prices. Level 2 investments are valued using market consensus prices that are corroborated by observable market data and quoted market prices for similar assets and liabilities.

For certain investments, the Company generally calculates the fair value of the investment primarily based on the net asset NAV of the entity and adjusts the fair value for other factors that would affect the fair value of the investment. The Company uses this valuation approach for its investment in NCL.

Due to the inherent uncertainty of determining the fair value of Level 3 investments that do not have a readily available market value, the fair value of the investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be received or settled. Further, such investments are generally subject to legal and other restrictions or otherwise are less liquid than publicly traded instruments. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, the Company may realize significantly less than the value at which such investment had previously been recorded.

The Company’s investments are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments are traded. In addition, the COVID-19 pandemic is an unprecedented circumstance that could further negatively impact the fair value of the Company’s investments after September 30, 2021 by circumstances and events that are not yet known.

In December 2020, Rule 2a-5 under the 1940 Act was adopted by the SEC and establishes requirements for determining fair value in good faith for purposes of the 1940 Act. We are evaluating the impact of adopting Rule 2a-5 on the consolidated financial statements and intend to comply with the new rule's requirements on or before the compliance date in September 2022.

The following tables present fair value measurements of the Company’s assets and liabilities measured at fair value and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values as of September 30, 2021 and December 31, 2020:
Fair Value Measurements at September 30, 2021
Total Level 1 Level 2 Level 3
Assets:
SBA unguaranteed non-affiliate investments $ 406,581 $ — $ — $ 406,581
SBA guaranteed non-affiliate investments 36,041 — 36,041 —
Controlled investments 242,316 — — 242,316
Other real estate owned 1
2,738 — 2,738 —
Non-control investments 6,921 — — 6,921
Servicing assets 28,899 — — 28,899
Derivative instruments 3
304 — 304 —
Controlled investments measured at NAV 2
20,600 — — —
Total assets $ 744,400 $ — $ 39,083 $ 684,717
(1) Included in Other Assets on the Consolidated Statements of Assets and Liabilities.
(2) The Company’s investment in NCL is measured at fair value using NAV and has not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.
(3) Measured at fair value on a recurring basis with the net unrealized gains or losses recorded in current period earnings.

The change in unrealized appreciation (depreciation) included in the consolidated statements of operations attributable to Level 3 investments held at September 30, 2021 includes $2.6 million in unrealized depreciation on SBA unguaranteed non-affiliate investments, $1.2 million in unrealized depreciation on controlled investments and $3.3 million in unrealized depreciation on servicing assets.
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Fair Value Measurements at December 31, 2020
Total Level 1 Level 2 Level 3
Assets:
SBA unguaranteed non-affiliate investments $ 407,748 $ — $ — $ 407,748
SBA guaranteed non-affiliate investments 17,822 — 17,822 —
Controlled investments 219,143 — — 219,143
Other real estate owned 1
2,717 — 2,717 —
Non-control investments 6,447 — — 6,447
Servicing assets 26,061 — — 26,061
Controlled investments measured at NAV 2
20,028 — — —
Total assets $ 699,966 $ — $ 20,539 $ 659,399
(1) Included in Other Assets on the Consolidated Statements of Assets and Liabilities.
(2) The Company’s investment in NCL is measured at fair value using NAV and has not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.

The following tables represents the changes in investments, servicing assets and liabilities measured at fair value using Level 3 inputs for the nine months ended September 30, 2021 and 2020:
Nine Months Ended September 30, 2021
SBA Unguaranteed Investments Controlled Investments Servicing Assets Non-Control Investments
Fair value, December 31, 2020 $ 407,748 $ 219,143 $ 26,061 $ 6,447
Net change in unrealized appreciation (depreciation) 2,583 1,233 (3,322) 521
Realized loss (7,297) — — —
SBA unguaranteed non-affiliate investments, funded 48,473 — — —
Foreclosed real estate acquired (1,654) — — —
Purchase of investments — 36,940 — —
Purchase of loans from SBA 6,945 — — —
Return of investment — (15,000) — —
Principal payments received on debt investments (50,217) — — (47)
Additions to servicing assets — — 6,160 —
Fair value, September 30, 2021 $ 406,581 $ 242,316 $ 28,899 $ 6,921

Nine Months Ended September 30, 2020
SBA Unguaranteed Investments Controlled Investments Servicing Assets Non-Control Investments
Contingent Consideration Liabilities 1
Fair value, December 31, 2019 $ 417,223 $ 199,694 $ 24,411 $ 1,000 $ 621
Net change in unrealized appreciation (depreciation) (6,012) (10,747) (1,299) — —
Realized loss (5,712) — — — —
SBA unguaranteed non-affiliate investments, funded 20,619 — — — —
Foreclosed real estate acquired (646) — — — —
Purchase of investments — 18,800 — — —
Purchase of loans from SBA 5,522 — — — —
Change in fair value of contingent consideration liabilities — — — — 54
Payment of contingent consideration — — — — (675)
Net accretion of premium/discount (7) — — — —
Return of investment — (15,996) — — —
Principal payments received on debt investments (37,698) (625) — — —
Additions to servicing assets — — 1,445 — —
Fair value, September 30, 2020 $ 393,290 $ 191,126 $ 24,557 $ 1,000 $ —
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(1) Included in Accounts Payable, Accrued Expenses and Other Liabilities on the Consolidated Statements of Assets and Liabilities.

The following tables provide a summary of quantitative information about the Company’s Level 3 fair value measurements as of September 30, 2021 and December 31, 2020. In addition to the inputs noted in the table below, according to our valuation policy we may also use other valuation techniques and methodologies when determining our fair value measurements. The tables below are not intended to be all-inclusive, but rather provide information on the significant Level 3 inputs as they relate to the Company’s fair value measurements at September 30, 2021 and December 31, 2020.
Fair Value as of Weighted Range
September 30, 2021 Unobservable Input
Average 1
Minimum Maximum
Assets:
SBA unguaranteed non-affiliate investments - accrual loans $ 379,958 Market yields 4.00 % 4.00 % 4.00 %
Cumulative prepayment rate 22.00 % 22.00 % 22.00 %
Average cumulative default rate 25.00 % 25.00 % 25.00 %
SBA unguaranteed non-affiliate investments - non-accrual loans $ 26,623 Market yields 4.21 % 4.21 % 4.21 %
Average cumulative default rate 30.00 % 30.00 % 30.00 %
Controlled equity investments 1
$ 216,612
EBITDA multiples-TTM 2
8.2x 7.00x 9.00x
EBITDA multiples-NTM 2
7.3x 6.00x 8.00x
Revenue multiples 2
2.79x 1.00x 3.75x
Weighted average cost of capital 2
12.76 % 11.20 % 18.10 %
Controlled debt investments $ 25,704 Market yields 8.20 % 3.80 % 12.00 %
Non-control equity investments $ 1,000 Net asset value N/A N/A N/A
Non-control debt investments $ 5,921 Market yields 5.25 % 5.25 % 5.25 %
Cumulative prepayment rate 75.00 % 75.00 % 75.00 %
Average cumulative default rate 20.00 % 20.00 % 20.00 %
Servicing assets $ 28,899 Market yields 11.24 % 11.24 % 11.24 %
Cumulative prepayment rate 22.00 % 22.00 % 22.00 %
Average cumulative default rate 25.00 % 25.00 % 25.00 %
(1) Weighted by relative fair value.
(2) The Company valued $149.7 million of investments using a combination of EBITDA, both trailing twelve months (“TTM”) and next twelve months (“NTM”), and revenue multiples in the overall valuation approach, which included the use of market comparable companies. The Company valued $67.0 million of investments using only discounted cash flows.

Fair Value as of Weighted Range
December 31, 2020 Unobservable Input
Average 1
Minimum Maximum
Assets:
SBA unguaranteed non-affiliate investments - accrual loans $ 378,329 Market yields 4.00 % 4.00 % 4.00 %
Cumulative prepayment rate 20.00 % 20.00 % 20.00 %
Average cumulative default rate 25.00 % 25.00 % 25.00 %
SBA unguaranteed non-affiliate investments - non-accrual loans $ 29,419 Market yields 4.34 % 4.34 % 4.34 %
Average cumulative default rate 30.00 % 30.00 % 30.00 %
Controlled equity investments 1
$ 199,342
EBITDA multiples 2
9.20x 6.00x 10.00x
Revenue multiples 2
1.17x 1.0x 2.30x
Weighted average cost of capital 2
12.73 % 11.10 % 18.40 %
Controlled debt investments $ 19,801 Market yields 9.69 % 3.80 % 10.00 %
Non-control equity investments $ 1,000 Net asset value N/A N/A N/A
Non-control debt investments $ 5,447 Recent transaction N/A N/A N/A
Servicing assets $ 26,061 Market yields 11.24 % 11.24 % 11.24 %
Cumulative prepayment rate 20.00 % 20.00 % 20.00 %
Average cumulative default rate 25.00 % 25.00 % 25.00 %
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(1) Weighted by relative fair value.
(2) The Company valued $143.7 million of investments using an equal weighting of EBITDA and revenue multiples in the overall valuation approach, which included the use of market comparable companies. The Company valued $55.7 million of investments using only discounted cash flows.

NOTE 7—BORROWINGS:

At September 30, 2021 and December 31, 2020, the Company had borrowings comprised of the following:
September 30, 2021 December 31, 2020
Commitments Borrowings Outstanding Weighted Average Interest Rate Commitments Borrowings Outstanding Weighted Average Interest Rate
Capital One line of credit - guaranteed 1
$ 150,000 $ 69,000 2.50 % $ 150,000 $ 52,500 2.50 %
Capital One line of credit - unguaranteed 1
— 45,986 3.50 % — 33,839 3.50 %
Notes due 2023 — — — % 57,500 56,505 6.25 %
Notes due 2024 78,250 76,993 5.75 % 63,250 61,774 5.75 %
Notes due 2025 15,000 14,516 6.85 % 5,000 4,735 6.85 %
Notes due 2026 115,000 111,948 5.50 % — — — %
Notes payable - related parties 50,000 — 2.71 % 50,000 24,090 2.74 %
Notes payable - Securitization Trusts 177,602 174,876 2.14 % 221,752 218,339 2.39 %
Total $ 585,852 $ 493,319 3.79 % $ 547,502 $ 451,782 3.50 %
(1) Total combined commitments of the guaranteed and unguaranteed lines of credit were $150.0 million at September 30, 2021 and December 31, 2020.

On July 26, 2018, our shareholders approved the application of the modified asset coverage requirement as set forth in Section 61(a)(2) of the 1940 Act. As a result, our minimum required asset coverage ratio decreased from 200% to 150%, effective July 27, 2018. As of September 30, 2021, our asset coverage was 173%.

Outstanding borrowings under the 2023 Notes, 2024 Notes, 2025 Notes, 2026 Notes, and Notes payable - Securitization Trusts consisted of the following:
September 30, 2021 December 31, 2020
Notes Due 2024 Notes Due 2025 Notes Due 2026 Notes Payable- Securitization Trusts Notes Due 2023 Notes Due 2024 Notes Due 2025 Notes Payable- Securitization Trusts
Principal balance $ 78,250 $ 15,000 $ 115,000 $ 177,602 $ 57,500 $ 63,250 $ 5,000 $ 221,752
Unamortized deferred financing costs (1,257) (484) (3,052) (2,726) (995) (1,476) (265) (3,413)
Net carrying amount $ 76,993 $ 14,516 $ 111,948 $ 174,876 $ 56,505 $ 61,774 $ 4,735 $ 218,339

At September 30, 2021 and December 31, 2020, the carrying amount of the Company’s borrowings under the Capital One lines of credit, Notes payable - related parties and Notes payable - Securitization Trusts, approximates fair value due to their variable interest rates.

The fair values of the fixed rate 2026 Notes and 2024 Notes are based on the closing public share price on the date of measurement. On September 30, 2021, the closing price of the 2026 Notes was $25.85 per note, or $118.9 million. On September 30, 2021, the closing price of the 2024 Notes was $25.34 per note, or $79.3 million. On December 31, 2020, the closing price of the 2024 Notes was $25.26 per note, or $63.9 million. These borrowings are not recorded at fair value on a recurring basis. The fixed rate 2025 Notes are held at par as of September 30, 2021.
Total interest expense including unused line fees and amortization of deferred financing costs related to borrowings for the nine months ended September 30, 2021 and 2020 was $15.2 million and $13.7 million, respectively. Total interest expense including unused line fees and amortization of deferred financing costs related to borrowings for the three months ended September 30, 2021 and 2020 was $5.2 million and $3.9 million, respectively.

NOTE 8—DERIVATIVE INSTRUMENTS:

In November 2020, the SEC published Release No. IC-34084 Use of Derivatives by Registered Investment Companies and
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Business Development Companies and adopted rules amending Rule 18f-4 and Rule 6c-11. Under the newly adopted rules, BDCs that use derivatives will be subject to a value-at-risk leverage limit, a derivatives risk management program and testing requirements and requirements related to board reporting. These new requirements will apply unless the BDC qualifies as a “limited derivatives user,” as defined under the adopted rules. Under the new rule, a BDC may enter into an unfunded commitment agreement that is not a derivatives transaction, such as an agreement to provide financing to a portfolio company, if the BDC has, among other things, a reasonable belief, at the time it enters into such an agreement, that it will have sufficient cash and cash equivalents to meet its obligations with respect to all of its unfunded commitment agreements, in each case as it becomes due. Compliance is required by August 19, 2022. The Company does not expect the adoption to have a material impact on its consolidated financial statements.

The Company uses derivative instruments primarily to economically manage the fair value variability of certain fixed rate assets caused by interest rate fluctuations and overall portfolio market risk. The following is a breakdown of the derivatives outstanding as of September 30, 2021:
Fair Value Remaining
Contract Type Notional
Asset 1
Liability 1
Maturity (years)
5-year Swap Futures $ 41,791 $ 304 $ — 0.25
(1) Shown as derivative instruments, at fair value, in the accompanying consolidated balance sheets.

The following table indicated the net realized gains (losses) and unrealized appreciation (depreciation) on derivatives as included in the consolidated statements of operations for the three and nine months ended September 30, 2021:
Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021
Contract Type Unrealized Gain/(Loss) Realized Gain/(Loss) Unrealized Gain/(Loss) Realized Gain/(Loss)
5-year Swap Futures $ 341 $ (268) $ 304 $ (268)

Collateral posted with our futures counterparty is segregated in the Company’s books and records. The Company’s counterparty held cash margin as collateral for derivatives as of September 30, 2021, which is included in restricted cash in the consolidated balance sheets. Interest rate futures are centrally cleared by the Chicago Mercantile Exchange (“CME”) through a futures commission merchant. The Company is required to post initial margin and daily variation margin for interest rate futures that are centrally cleared by CME. CME determines the fair value of our centrally cleared futures, including daily variation margin. Variation margin pledged on the Company’s centrally cleared interest rate futures is settled against the realized results of these futures.

NOTE 9—COMMITMENTS AND CONTINGENCIES:
Operating and Employment Commitments
The Company leases office space and other office equipment in several states under operating lease agreements which expire at various dates through 2027. Those office space leases which are for more than one year generally contain scheduled rent increases or escalation clauses.
The following summarizes the Company’s obligations and commitments, as of September 30, 2021 for future minimum cash payments required under operating lease and employment agreements:
Year Operating Leases
Employment Agreements 1
Total
2021 $ 460 $ 596 $ 1,056
2022 1,876 763 2,639
2023 1,928 — 1,928
2024 1,981 — 1,981
2025 2,035 — 2,035
Thereafter 2,354 — 2,354
Total $ 10,634 $ 1,359 $ 11,993
(1) Employment agreements with certain of the Company’s named executive officers
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Legal Matters

In the ordinary course of business, the Company and its wholly-owned portfolio companies may from time to time be party to lawsuits and claims. The Company evaluates such matters on a case by case basis and its policy is to contest vigorously any claims it believes are without compelling merit.

As a result of a litigation brought by the Federal Trade Commission (the “FTC”) in October 2012, NMS voluntarily entered into, and is presently operating under, a permanent injunction with respect to certain of its business practices.
Guarantees
The Company is a guarantor on the Sterling Receivable and Inventory Facility at NBC. Maximum borrowings under the Sterling Receivable and Inventory Facility are $35.0 million. The Sterling Receivable and Inventory Facility matures in August 2022 and automatically renews annually. At September 30, 2021, total principal owed by NBC was $8.6 million. In addition, the Company deposited $0.75 million to collateralize the guarantee. At September 30, 2021, the Company determined that it is not probable that payments would be required to be made under the guarantee.

The Company is a guarantor on the NBL Capital One Facility. Maximum borrowings under the NBL Facility are $75.0 million with an accordion feature to increase maximum borrowings to $150.0 million. The lender’s commitments terminate in November 2022, with all amounts due under the NBL Facility maturing in November 2023. At September 30, 2021, total principal owed by NBL was $29.0 million. At September 30, 2021, the Company determined that it is not probable that payments would be required to be made under the guarantee.

The Company is a guarantor on the NBL Deutsche Bank Facility. Maximum borrowings under the NBL Deutsche Bank Facility are $100.0 million. The Deutsche Bank Facility matures in March 2023. At September 30, 2021, total principal owed by NBL was $5.7 million. At September 30, 2021, the Company determined that it is not probable that payments would be required to be made under the guarantee.

The Company is a guarantor on the Webster Facility, a term loan facility between NMS with Webster Bank with an aggregate principal amount up to $50.0 million. The Webster Facility matures in November 2023. At September 30, 2021, total principal outstanding was $26.3 million. At September 30, 2021, the Company determined that it is not probable that payments would be required to be made under the guarantee.

Unfunded Commitments

At September 30, 2021, the Company had $10.4 million of unfunded commitments in connection with its SBA 7(a) non-affiliate investments related to portions of loans originated which are partially funded. The Company will fund these commitments from the same sources it uses to fund its other investment commitments.



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NOTE 10—FINANCIAL HIGHLIGHTS:

The financial highlights for the Company are as follows:
Nine Months Ended September 30,
2021 2020
Per share data¹
Net asset value at beginning of period $ 15.45 $ 15.70
Net investment income (loss) 1.07 1.49
Net realized gain on investments 1.69 0.12
Net realized loss on derivative transactions (0.01) —
Net unrealized appreciation (depreciation) on investments 0.33 (0.84)
Net unrealized depreciation on servicing assets (0.15) (0.06)
Net unrealized depreciation on derivative transactions 0.01 —
Change in deferred taxes (0.09) 0.14
Net increase in net assets resulting from operations 2.85 0.85
Distributions to common stockholders (2.10) (1.58)
Stock-based compensation expense 0.07 0.01
Accretive effect of stock offerings (issuing shares above NAV per share) 0.09 0.17
Accretive effect of shares issued in connection with DRIP (issuing shares above NAV per share) 0.01 —
Dilutive effect of purchase of vested stock for employee payroll tax withholding (purchase of shares above NAV) (0.03) —
Dilutive effect of restricted stock awards (0.14) —
Other⁴
0.03 (0.02)
Net asset value at end of period $ 16.23 $ 15.13
Per share market value at end of period $ 27.73 $ 18.57
Total return based on market value² ⁷ 52.06 % (9.86) %
Total return based on change in NAV³ ⁷ 18.64 % 6.43 %
Shares outstanding at end of period (in thousands) 22,559 21,435
Ratios/Supplemental Data:
Net assets at end of period $ 366,020 $ 324,391
Ratio of expenses to average net assets⁸ 21.98 % 19.22 %
Ratio of net investment income (loss) to average net assets⁸ 8.99 % 12.93 %
Portfolio turnover 6
152.77 % 196.04 %
Average debt outstanding $ 470,289 $ 393,023
Average debt outstanding per share $ 20.85 $ 18.34
Asset coverage ratio⁵ 173 % 183 %
Senior securities outstanding $ 500,839 $ 393,158
(1) Based on actual number of shares outstanding at the end of the corresponding period or the weighted average shares outstanding for the period, unless otherwise noted, as appropriate.
(2) Total return based on market value is calculated based on the purchase of stock at the current market price on the first day and a sale at the current market price on the last day of each period reported and assumes reinvestment of dividends at prices obtained by the Company's DRIP plan during the period. The return does not reflect any sales load that may be paid by an investor.
(3) Total return based on change in NAV is calculated using the change in net asset value plus dividends to stockholders during the period, divided by the beginning net asset value.
(4) Includes the impact of the different share amounts as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date.
(5) Calculated based on the amount of senior securities outstanding at period end.
(6) Portfolio turnover is calculated by dividing (a) the lesser of purchases or sales of portfolio securities by (b) the average total
investments at fair value. The calculation includes PPP loan activity beginning in the second quarter of 2020.
(7) Not annualized.
(8) Annualized for the nine months ended September 30, 2021. Loss on extinguishment of debt has not been annualized.

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NOTE 11—STOCK BASED COMPENSATION:

Stock Plan

The Company accounts for its stock-based compensation plan using the fair value method, as prescribed by ASC 718, Compensation—Stock Compensation. Accordingly, for restricted stock awards, the Company measured the grant date fair value based upon the market price of its common stock on the date of the grant and amortizes the fair value of the awards as stock-based compensation expense over the requisite service period, which is generally the vesting term.
The Board approves the issuance of shares of restricted stock to employees and directors pursuant to the Equity Incentive Plan. These shares generally vest over a one to three year period from the grant date. The fair value is expensed over the service period, starting on the grant date. The following table summarizes the restricted stock issuances under the Equity Incentive Plan, net of shares forfeited, if any, and the remaining shares of restricted stock available for issuance as of September 30, 2021.
Restricted Stock authorized under the plan 1
1,500,000
Less net restricted stock (granted)/forfeited during:
Year ended December 31, 2016 (120,933)
Year ended December 31, 2017 (5,007)
Year ended December 31, 2018 (93,568)
Year ended December 31, 2019 (6,285)
Year ended December 31, 2020 2,639
Nine months ended September 30, 2021 (184,088)
Restricted stock available for issuance as of September 30, 2021 1,092,758
(1) A maximum of 20% of total shares of common stock issued and outstanding, calculated on a fully diluted basis, not to exceed 3.0 million shares, are available for awards of restricted stock and stock options under the Equity Incentive Plan. No more than 50% of the shares of stock reserved for the grant of awards under the Equity Incentive Plan may be restricted stock awards at any time during the term of the Equity Incentive Plan. No stock options have been granted under the Equity Incentive Plan.

As of September 30, 2021, there was $2.9 million of total unrecognized compensation expense related to unvested restricted shares. This compensation expense is expected to be recognized over a remaining weighted-average period of approximately 2.4 years as of September 30, 2021.

For the three months ended September 30, 2021 and 2020 the Company recognized total stock-based compensation expense of $0.3 million and $0.1 million, respectively. For the nine months ended September 30, 2021 and 2020 the Company recognized total stock-based compensation expense of $1.5 million and $0.4 million, respectively.

NOTE 12—COMMON STOCK:

ATM Program

On July 10, 2019, the Company entered into the 2019 ATM Equity Distribution Agreement. The 2019 ATM Equity Distribution Agreement provided that the Company may offer and sell up to 3,000,000 shares of common stock from time to time through the placement agents. On February 28, 2020, the Company amended the 2019 ATM Equity Distribution Agreement to add UBS Securities LLC as a placement agent. On June 24, 2020, the Company terminated the Amended 2019 ATM Equity Distribution Agreement. As of June 24, 2020, the Company had sold 1,716,517 shares of its common stock under the Amended 2019 ATM Equity Distribution Agreement, and received net proceeds of $37.6 million. The Company paid the ATM placement agents a total of $0.8 million in compensation under the Amended 2019 ATM Equity Distribution Agreement.

The following table summarizes the total shares sold and net proceeds received under the Amended 2019 ATM Equity Distribution Agreement:
Nine Months Ended September 30, 2021 Year Ended December 31, 2020
Shares sold — 359,819
Net weighted average price per share $ — $ 20.40
Net proceeds $ — $ 7,342

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On June 25, 2020, the Company entered into the 2020 ATM Equity Distribution Agreement. The 2020 ATM Equity Distribution Agreement provides that the Company may offer and sell up to 3,000,000 shares of common stock from time to time through the placement agents. The company paid the placement agents $0.2 million in compensation during the nine months ended September 30, 2021. As of September 30, 2021, there were 1,546,951 shares of common stock available for sale under the 2020 ATM Equity Distribution Agreement.

The following table summarizes the total shares sold and net proceeds received under the 2020 ATM Equity Distribution Agreement:
Nine Months Ended September 30, 2021 Year Ended December 31, 2020
Shares sold 430,470 1,022,579
Net weighted average price per share $ 20.93 $ 17.95
Net proceeds $ 9,011 $ 18,334

The Company used the net proceeds for funding investments in debt and equity securities in accordance with its investment objective and strategies.

NOTE 13—EARNINGS PER SHARE:

The following table summarizes the calculations for the net increase in net assets resulting from operations per common share for the three and nine months ended September 30, 2021 and 2020:
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Net increase (decrease) in net assets resulting from operations $ 16,614 $ (453) $ 64,112 $ 17,761
Weighted average shares outstanding 22,541 21,192 22,468 20,942
Net increase (decrease) in net assets resulting from operations per share $ 0.74 $ (0.02) $ 2.85 $ 0.85

NOTE 14—LEASES:

Under ASC 842, operating lease expense is generally recognized on a straight-line basis over the term of the lease. The Company has entered into operating lease agreements for office space with remaining contractual terms up to 6 years, some of which include renewal options that extend the leases for up to 10 years. These renewal options are not considered in the remaining lease term unless it is reasonably certain the Company will exercise such options. The operating lease agreements do not contain any material residual value guarantees or material restrictive covenants.

As the rate implicit in the leases generally is not readily determinable for our operating leases, the discount rates used to determine the present value of our lease liability are based on our incremental borrowing rate at the lease commencement date and commensurate with the remaining lease term. Our incremental borrowing rate for a lease is the rate of interest we would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Leases with an initial term of 12 months or less are not recorded on the balance sheet and are excluded from our weighted-average remaining lease term.

The following table summarizes supplemental cash flow and other information related to our operating leases:
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Cash paid for amounts included in the measurement of lease liabilities (operating cash flows) $ 385 $ 407 $ 1,169 $ 1,646
Weighted-average remaining lease term - operating leases 5.60 years 6.35 years 5.60 years 6.35 years
Weighted-average discount rate - operating leases 4.55 % 4.76 % 4.55 % 4.76 %
Total lease costs (included in other general and administrative costs on the consolidated statements of operations) $ 236 222 $ 676 $ 637

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The following table represents the maturity of the Company’s operating lease liabilities as of September 30, 2021:
Maturity of Lease Liabilities
2021 460
2022 1,876
2023 1,928
2024 1,981
2025 2,035
Thereafter 2,383
Total future minimum lease payments $ 10,663
Less: Imputed interest $ (1,253)
Present value of future minimum lease payments $ 9,410

NOTE 15—DIVIDENDS AND DISTRIBUTIONS:

The Company’s dividends and distributions are recorded on the declaration date. The following table summarizes the Company’s dividend declarations and distributions during the nine months ended September 30, 2021 and 2020.
Date Declared Record Date Payment Date Amount Per Share Cash Distribution DRIP Shares Issued DRIP
Shares Value
Nine months ended September 30, 2021
February 23, 2021 March 22, 2021 March 31, 2021 $ 0.50 $ 11,025 6 $ 140
May 11, 2021 June 15, 2021 June 30, 2021 $ 0.70 $ 15,433 6 $ 213
August 10, 2021 September 20, 2021 September 30, 2021 $ 0.90 $ 19,895 10 $ 264
Nine months ended September 30, 2020
February 5, 2020 March 18, 2020 March 31, 2020 $ 0.44 $ 8,882 18 $ 224
June 12, 2020 July 15, 2020 July 31, 2020 $ 0.56 $ 11,450 13 $ 235
July 20, 2020 September 21, 2020 September 30, 2020 $ 0.58 $ 12,107 13 $ 231

During the nine months ended September 30, 2021 and 2020, an additional 7,600 and 9,600 shares valued at $213,000 and $173,000, respectively, were issued related to dividends on unvested restricted stock awards.

NOTE 16—SUPPLEMENTAL FINANCIAL DATA:

Summarized Financial Information of Our Unconsolidated Subsidiaries

The Company holds a controlling interest as defined by the 1940 Act in portfolio companies that are not consolidated in the Company’s condensed consolidated financial statements. Below is a brief description of a portfolio companies that are required to have supplemental disclosure incorporated in our financial statements in accordance with Regulation S-X section 4-08(g), along with summarized financial information.

Newtek Merchant Solutions, LLC

NMS markets and sells credit and debit card processing services, check approval services and ancillary processing equipment and software to merchants who accept credit cards, debit cards, checks and other non-cash forms of payment.

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The summarized financial information of our unconsolidated subsidiary is as follows:

Balance Sheets - Newtek Merchant Solutions, LLC As of September 30, 2021 As of December 31, 2020
Current assets $ 23,504 $ 7,119
Noncurrent assets 17,027 40,264
Total assets $ 40,531 $ 47,383
Current liabilities 6,858 16,594
Noncurrent liabilities 22,750 24,954
Total liabilities $ 29,608 $ 41,548
Total member’s equity $ 10,923 $ 5,835


Three Months Ended September 30, Nine Months Ended September 30,
Statements of Income - Newtek Merchant Solutions, LLC 2021 2020 2021 2020
Revenue $ 4,864 $ 8,914 $ 15,191 $ 25,132
Expenses 2,227 5,769 6,873 17,306
Income from operations $ 2,637 $ 3,145 $ 8,318 $ 7,826
Interest (expense) income, net (120) (151) (424) (600)
Income before tax $ 2,517 $ 2,994 $ 7,894 $ 7,226

The Company recorded the following related to its investment in NMS:
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Dividend income $ — $ 1,700 $ — $ 7,100
Unrealized depreciation $ — $ — $ — $ (6,250)

Newtek Technology Solutions, Inc.

NTS offers web hosting and eCommerce, managed IT services, secure private cloud hosting, managed backup and disaster recovery, web design and application development, information technology security solutions, and other related services to customers worldwide.

The summarized financial information of our unconsolidated subsidiary is as follows:
Three Months Ended September 30, Nine Months Ended September 30,
Newtek Technology Solutions, LLC Statements of Income
2021 1
2020
2021 1
2020
Revenue $ 7,300 $ 3,058 $ 31,546 $ 9,533
Costs of revenue 4,957 746 17,382 2,243
Expenses 1,701 1,721 11,616 5,881
Income from operations $ 642 $ 591 $ 2,548 $ 1,409
Interest expense, net 286 277 848 817
Income before tax $ 356 $ 314 $ 1,700 $ 592
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(1) On January 1, 2021, the Company contributed its ownership of IPM and SIDCO to NTS, and IPM and SIDCO became subsidiaries of NTS. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity. As a result, the 2021 results for NTS include IPM and SIDCO.

The Company recorded the following related to its investment in NTS:
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Dividend income $ — $ — $ — $ —
Unrealized appreciation (depreciation) $ — $ 500 $ 6,000 $ 500

NOTE 17—SUBSEQUENT EVENTS:

Common Stock

From September 1, 2021 through November 11, 2021 the Company sold 1,509,290 shares of its common stock at a weighted average price of $27.33 per share under the 2020 ATM Equity Distribution Agreement. Proceeds, net of offering costs and expenses were $41.3 million. As of November 11, 2021, there were 37,661 shares of common stock available for sale under the 2020 ATM Equity Distribution Agreement.

Dividends

On October 20, 2021, the Company declared a third quarter 2021 cash dividend of $1.05 per share, which is payable on December 30, 2021 to shareholders of record as of December 20, 2021.

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Newtek Business Services Corp. and Subsidiaries
Schedule of Investments In and Advances to Affiliates
Nine Months Ended September 30, 2021
Portfolio Company
Type of Investment 1
Amount of Realized Gain (Loss) Amount of Unrealized Appreciation (Depreciation)
Amount of Interest or Dividends Credited to Income 3
Fair Value at December 31, 2020
Gross Additions 4
Gross Reductions 5
Fair Value at September 30, 2021
Automated Merchant Services, Inc.
100% Common Stock 2
— — — — — — —
CDS Business Services, Inc.
100% Common Stock 2
— — — — — — —
Line of Credit (10%) — (6,540) 745 5,900 10,440 (6,540) 9,800
Newtek Technology Solutions, Inc. 7
100% Common Stock 2
— 6,000 — 30,000 6,000 — 36,000
Line of Credit (10%) — — 821 10,821 — — 10,821
Line of Credit (Prime + 0.5%) 6
— — 21 750 — — 750
Line of Credit (Prime + 0.5%) 6
— — 6 225 — — 225
Newtek Insurance Agency, LLC
100% Membership Interest 2
— (950) — 2,150 950 (950) 2,150
PMTWorks Payroll, LLC
100% Membership Interest 2
— 1,500 — — 500 (500) —
Term Loans (10%-12%) 2
— — — — 2,000 — 2,000
Small Business Lending, LLC
100% Membership Interest 2
— (5,650) — 9,650 — (5,650) 4,000
Term Loan (10%) — — 30 400 — — 400
banc-serv Partners, LLC
100% Membership Interest 2
— — — — — — —
Newtek Merchant Solutions, LLC 100% Membership Interest — — — 111,500 — — 111,500
Titanium Asset Management, LLC
100% Membership Interest 2
— — — — — — —
Term Loan (10%) 2
— 3 — 655 4 (1) 658
Newtek Business Lending, LLC
100% Membership Interest 2
— 5,870 — 43,542 30,920 (15,000) 59,462
Newtek Conventional Lending, LLC 50% Membership Interest — 527 51 20,028 765 (193) 20,600
Mobil Money, LLC 100% Membership Interest — 1,000 — 2,500 1,000 — 3,500
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Portfolio Company
Type of Investment 1
Amount of Realized Gain (Loss) Amount of Unrealized Appreciation (Depreciation)
Amount of Interest or Dividends Credited to Income 3
Fair Value at December 31, 2020
Gross Additions 4
Gross Reductions 5
Fair Value at September 30, 2021
POS on Cloud, LLC
50.1% Membership Interest 2
— — — — — — —
Term Loan (10%) — — 80 1,050 — — 1,050
Excel WebSolutions LLC
Term Loans (10%) 2
— — — — — — —
100% Membership Interest 2
— — — — — — —
Total Controlled Investments $ — $ 1,760 $ 1,754 $ 239,171 $ 52,579 $ (28,834) $ 262,916
Non-Control Investments
EMCAP Loan Holdings, LLC 4.67% Membership Interest — — 70 1,000 — — 1,000
Total Affiliate Investments $ — $ 1,760 $ 1,824 $ 240,171 $ 52,579 $ (28,834) $ 263,916

This schedule should be read in connection with the Company’s Consolidated Financial Statements, including the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements.

(1) The principal amount and ownership detail as shown in the Company’s Consolidated Schedule of Investments.
(2) Represents non-income producing security.
(3) Represents the total amount of interest, fees or dividends credited to income for the period.
(4) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in unrealized depreciation.
(5) Gross reductions include decreases in the cost basis of investments resulting from principal payments or sales and exchanges of one or more existing securities for one or more new securities. Gross reductions also include net increases in unrealized depreciation or net decreases in unrealized appreciation.
(6) Index based floating rate debt investments bear interest at rate of Prime plus a contractual spread which typically resets monthly. At September 30, 2021, the Prime rate in effect was 3.25%.
(7) On January 1, 2021, the Company contributed its ownership of IPM and SIDCO to NTS, and IPM and SIDCO became subsidiaries of NTS. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity. As a result, the Schedule of Investments in and Advances to Affiliates shows IPM and SIDCO within NTS.
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Forward-Looking Statements

The matters discussed in this report, as well as in future oral and written statements by management of Newtek Business Services Corp., that are forward-looking statements are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. Forward-looking statements relate to future events or our future financial performance. We generally identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. Important assumptions include our ability to originate new investments, achieve certain margins and levels of profitability, the availability of additional capital, and the ability to maintain certain debt to asset ratios. In light of these and other uncertainties, including the impact of the COVID-19 pandemic, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans or objectives will be achieved. The forward-looking statements contained in this report include statements as to:
• our future operating results;
• our business prospects and the prospects of our prospective portfolio companies, including our and their ability to achieve our respective objectives as a result of the current COVID-19 pandemic;
• 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;
• our ability to consummate the transactions contemplated by the Stock Purchase Agreement;
• our receipt of certain Regulatory Approvals to operate as a bank holding company and acquire NBNYC;
• our ability to receive approval from shareholders to withdraw our election as a BDC;
• our management’s ability to operate as a bank holding company;
• our intended operations and structure as a bank holding company;
• our tax and accounting treatment as a C Corporation if we convert to a bank holding company;
• the decrease in our dividend payout due to no longer operating as a BDC and RIC if we receive approval from shareholders to withdraw our election as a BDC and the transaction with NBNYC is consummated;
• our expected financings and investments;
• our regulatory structure and tax status;
• our ability to operate as a BDC and a RIC;
• NSBF’s ability to maintain its license and PLP status under the SBA 7(a) program;
• NSBF’s ability to sell the guaranteed portions of SBA 7(a) loans at premiums;
• the adequacy of our cash resources and working capital;
• the timing of cash flows, if any, from the operations of our portfolio companies;
• the impact of inflation on our business prospects and the prospects of our portfolio companies;
• the timing, form and amount of any dividend distributions;
• the impact of fluctuations in interest rates on our business including as a result of the decommissioning of LIBOR and implementation of alternatives to LIBOR;
• the valuation of any investments in portfolio companies, particularly those having no liquid trading market; and
• our ability to recover unrealized losses;
• NSBF’s ability to issue SBA 7(a) guaranteed loans;
• the effect of legal, tax and regulatory changes, including the Coronavirus Aid, Relief and Economic Security Act signed into law in December 2020 and the American Rescue Plan Act of 2021, signed into law in March 2021;
• the ability of our SBA 7(a) borrowers to pay principal and interest, including after any deferment period granted by NSBF; and
• the ability to enter into and/or maintain joint ventures or other financing arrangements.

The following discussion should be read in conjunction with our condensed consolidated financial statements and related notes and other financial information appearing elsewhere in this report. In addition to historical information, the following discussion and other parts of this report contain forward-looking information that involves risks and uncertainties. Our actual results could differ materially from those anticipated by such forward-looking information due to the factors discussed under Item 1A-“Risk Factors” of Part II of this quarterly report on Form 10-Q, Item 1A-“Risk Factors” of our annual report on Form 10-K filed with the SEC on March 29, 2021 and under “Forward-Looking Statements” of this Item 2.

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Executive Overview

We are a leading national non-bank lender and own and control certain portfolio companies under the Newtek® brand (our “controlled portfolio companies,” as defined below) that provide a wide range of business and financial solutions to SMBs. Newtek's and its portfolio companies’ business and financial solutions include: Business Lending, including origination of SBA 7(a), SBA 504, and nonconforming (non SBA) conventional loans, as well as PPP loans in the second and third quarters of 2020, as well as the first quarter of 2021, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), Technology Consulting, eCommerce, Accounts Receivable and Inventory Financing, personal and commercial Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll and Benefits Solutions to SMB accounts nationwide across all industries. We have an established and reliable platform that is not limited by client size, industry type, or location. As a result, we believe we have a strong and diversified client base across every state in the United States. and across a variety of different industries. In addition, we have developed a financial and technology based business model that enables us and our controlled portfolio companies to acquire and process our SMB clients in a very cost effective manner. This capability is supported in large part by NewTracker®, our patented prospect management technology software, which is similar to, but we believe better suited for our needs than, the system popularized by Salesforce.com. We believe that this technology and business model distinguishes us from our competitors.

On August 2, 2021, the Company entered into the Stock Purchase Agreement to acquire all of the issued and outstanding stock of NBNYC. This acquisition is part of a plan to reposition the Company as a bank holding company that intends to elect financial holding company status, and is subject to Regulatory Approvals and the approval of the Company’s shareholders to withdraw the Company’s election as a BDC under the 1940 Act. The transaction is currently expected to close during the third quarter of 2022. The consideration payable by the Company at closing will be $20.0 million in cash, subject to certain adjustments. In addition, the Stock Purchase Agreement contemplates that, as of the closing and subject to Regulatory Approvals, NBNYC will dividend to the NBNYC selling shareholders (“Sellers”) both NBNYC’s owned property in Flushing, New York and cash in the amount equal to the excess, if any, of NBNYC’s tangible common equity as of the closing date over $20.0 million. The Stock Purchase Agreement contains certain customary representations and warranties made by each party. The Company and the Sellers have the right to terminate the Stock Purchase Agreement under certain circumstances, including if the purchase has not occurred on or prior to November 2, 2022 or if the requisite applications and Regulatory Approvals have been denied. If the Stock Purchase Agreement is terminated in certain circumstances specified therein, the Company may be required to pay NBNYC a fee of $0.2 million.

Following the closing of the transaction, the Company intends to operate as a bank holding company. Specifically, subject to certain Regulatory Approvals, the Company intends to contribute certain of its wholly-owned lending portfolio companies to NBNYC, and to provide a centralized lending operations through NBNYC. The Company intends to further develop the Company’s current patented technology, which the Company intends to complement its proposed banking offerings, subject to Regulatory Approvals, The Company also intends to retain its current board of directors and management, as supplemental by additional personnel with banking experience. However, there can be no assurances that the Company will close the transaction, receive the required Regulatory Approvals, or that the Company will be able to successfully operate as a bank holding company.

If the Company obtains the required Regulatory Approvals, obtains the approval of its shareholders to withdraw its election to be treated as a BDC, and converts to a bank holding company, the Company will no longer be subject to the 1940 Act, and the Company would lose its ability to be taxed on a pass-through basis as a RIC. Additionally, as a bank holding company, the Company would be subject to regulation and supervision that may be different from its current regulation and supervision, and would be required to comply with accounting and financial reporting requirements that may be different from its current reporting requirements. Moreover, converting to a bank holding company may make it more difficult for the Company to be acquired. For information on the risks of converting to a bank holding company, see “Item 1A. Risk Factors – Risk Related to Converting to a Bank Holding Company.”
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We consolidate the following wholly-owned subsidiaries:
Newtek Small Business Finance, LLC
Newtek Asset Backed Securities, LLC
CCC Real Estate Holdings, LLC
The Whitestone Group, 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 Partners, LLC
Exponential Business Development Co., Inc.
Newtek Commercial Lending, Inc.
Newtek LSP Holdco, LLC
Newtek Business Services Holdco 1, Inc. (surviving entity of January 2021 merger with Newtek Business Services Holdco 2, Inc.)
Newtek Business Services Holdco 2, Inc.
Newtek Business Services Holdco 3, Inc.
Newtek Business Services Holdco 4, Inc.
Newtek Business Services Holdco 5, Inc. (formerly Banc-Serv Acquisition, Inc.)
Newtek Business Services Holdco 6, Inc.

We are an internally-managed, closed-end, non-diversified investment company that has elected to be regulated as a BDC under the 1940 Act. In addition, for U.S. federal income tax purposes, we have elected to be treated as a RIC under the Code beginning with our 2015 tax year. As a BDC and a RIC, we are also subject to certain constraints, including limitations imposed by the 1940 Act and the Code. As a result, previously consolidated subsidiaries are now recorded as investments in controlled portfolio companies at fair value. NSBF is a consolidated subsidiary and originates loans under the SBA's 7(a) loan program.
However, as part of our plan to reposition ourself as a bank holding company that intends to elect financial holding company status, and if we receive the required Regulatory Approvals, and our shareholders' approval to withdraw the Company's election as a business development company as required under the 1940 Act, we will no longer be subject to the investment restrictions under the 1940 Act, and no longer qualify as a RIC under the Code. See "Risk Factors - Risks of Converting to a Bank Holding Company."

Our common shares are currently listed on the Nasdaq Global Market under the symbol “NEWT”.

NSBF, a nationally licensed SBA lender under the federal Section 7(a) loan program, has been granted PLP status and originates, sells and services SBA 7(a) loans and is authorized to place SBA guarantees on loans without seeking prior SBA review and approval. Being a national lender with PLP status allows NSBF to expedite the origination of loans since NSBF is not required to present applications to the SBA for concurrent review and approval. The loss of PLP status would adversely impact our marketing efforts and ultimately our loan origination volume, which would negatively impact our results of operations.

As a BDC, our investment objective is to generate both current income and capital appreciation primarily through loans originated by our business finance ecosystem and our equity investments in certain portfolio companies that we control.

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We target our debt investments, which are principally made through our business finance ecosystem under the SBA 7(a) program, to produce a coupon rate of prime plus 2.25% to 2.75% which enables us to generate rapid sales of guaranteed portions of SBA 7(a) loans in the secondary market. We typically structure our debt investments with the maximum seniority and collateral along with personal guarantees from portfolio company owners, in many cases collateralized by other assets including real estate. In most cases, our debt investment will be collateralized by a first lien on the assets of the portfolio company and a first or second lien on assets of guarantors, in both cases primarily real estate. All SBA loans are made with personal guarantees from any owner(s) of 20% or more of the portfolio company’s equity. The amount of new debt investments, particularly SBA 7(a) loans that we originate, will directly impact future investment income. In addition, future amounts of unrealized appreciation or depreciation on our investments, as well as the amount of realized gains or losses, will also fluctuate depending upon economic conditions and the performance of our investment portfolio. The changes in realized gains and losses and unrealized appreciation or depreciation could have a material impact on our operating results.

We typically structure our debt investments to include non-financial covenants that seek to minimize our risk of capital loss such as lien protection and prohibitions against change of control. Our debt investments have what we believe are strong protections, including default penalties, information rights and, in some cases, board observation rights and affirmative, negative and financial covenants. Debt investments in portfolio companies, including the controlled portfolio companies, have historically and are expected to continue to comprise the majority of our overall investments in number and dollar volume.

While the vast majority of our investments have been structured as debt, we have in the past and expect in the future to make selective equity investments primarily as either strategic investments to enhance the integrated operating platform or, to a lesser degree, under the Capco programs. For investments in our controlled portfolio companies, we focus more on tailoring them to the long term growth needs of the companies than to return. Our objectives with these companies is to foster the development of the businesses as a part of the integrated operational platform of serving the SMB market, so we may reduce the burden on these companies to enable them to grow faster than they would otherwise and as another means of supporting their development.

We regularly engage in discussions with third parties with respect to various potential transactions. We may acquire an investment or a portfolio of investments or an entire company or sell a portion of our portfolio on an opportunistic basis. We, our subsidiaries, or our affiliates may also agree to manage certain other funds that invest in debt, equity or provide other financing or services to companies in a variety of industries for which we may earn management or other fees for our services. We may also invest in the equity of these funds, along with other third parties, from which we would seek to earn a return and/or future incentive allocations. We may enter into new joint venture partnerships to create additional third-party capital to originate loans. Some of these transactions could be material to our business. Consummation of any such transaction will be subject to completion of due diligence, finalization of key business and financial terms (including price) and negotiation of final definitive documentation as well as a number of other factors and conditions including, without limitation, the approval of our board of directors and required regulatory or third-party consents and, in certain cases, the approval of our shareholders. Accordingly, there can be no assurance that any such transaction would be consummated. Any of these transactions or funds may require significant management resources either during the transaction phase or on an ongoing basis depending on the terms of the transaction.

On March 27, 2020, the CARES Act was signed into law in response to the COVID-19 pandemic and established the PPP. NSBF participated in the PPP and funded the balance of its PPP loans by the end of July 2021. NSBF has redeployed resources used to originate PPP loans to the origination of SBA 7(a) loans. Income earned in connection with the PPP should not be viewed as recurring.

COVID-19 Developments

In March 2020, the outbreak of COVID-19 was recognized as a pandemic by the World Health Organization and in response to the outbreak, management instituted a work from home policy until it is deemed safe to return to the office.

We have and continue to assess the impact of COVID-19 on our portfolio companies. We cannot predict the full impact of the COVID-19 pandemic, including its duration in the United States and worldwide, the effectiveness of governmental responses designed to mitigate strain to businesses and the economy and the magnitude of the economic impact of the outbreak. The COVID-19 pandemic and preventative measures taken to contain or mitigate its spread have caused, and are continuing to cause, business shutdowns, cancellations of events and travel. In addition, while economic activity remains healthy and well improved from the beginning of the COVID-19 pandemic, we continue to observe supply chain interruptions, labor difficulties, commodity inflation and elements of economic and financial market instability both globally and in the United States.

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We continue to closely monitor our portfolio companies; however, we are unable to predict the duration of any business and supply-chain disruptions, the extent to which COVID-19 will negatively affect our portfolio companies’ operating results or the impact that such disruptions may have on our results of operations and financial condition.
Price Range of Common Stock
Our common stock is traded on the Nasdaq Global Market under the symbol “NEWT.” High and low prices for the common stock over the previous two years are set forth below, based on the highest and lowest intraday sales price per share during that period.
Price Range
NAV 1
Premium of High Sales Price to NAV 2
Premium of Low Sales Price to NAV 2
High Low
2019
Third Quarter $23.99 $20.21 $15.41 56% 31%
Fourth Quarter $23.73 $20.75 $15.70 51% 32%
2020
First Quarter $23.09 $7.59 $15.00 54% (49)%
Second Quarter $18.84 $9.03 $15.66 20% (42)%
Third Quarter $20.50 $16.73 $15.13 35% 11%
Fourth Quarter $19.82 $16.24 $15.45 28% 5%
2021
First Quarter $28.63 $18.77 $16.28 76% 15%
Second Quarter $38.78 $26.41 $16.38 137% 61%
Third Quarter $36.41 $24.07 $16.23 124% 48%
(1) Net asset value per share is determined as of the last day in the relevant quarter and therefore may not reflect the net asset value per share on the date of the high and low sales prices. The values reflect net asset value per share and are based on outstanding shares at the end of each period.
(2) Calculated as the respective high or low sales price divided by net asset value and subtracting 1.

Revenues

We generate revenue in the form of interest, dividend, servicing and other fee income on debt and equity investments. Our debt investments typically have terms of 10 to 25 years and bear interest at prime plus a margin. In some instances, we receive payments on our debt investments based on scheduled amortization of the outstanding balances. In addition, we receive repayments of some of our debt investments prior to their scheduled maturity date. The frequency or volume of these repayments fluctuates significantly from period to period. Our portfolio activity also reflects the proceeds of sales of securities. We receive servicing income related to the guaranteed portions of SBA investments which we originate and sell into the secondary market. These recurring fees are earned daily and recorded when earned. In addition, we may generate revenue in the form of packaging, prepayment, legal and late fees. We record such fees related to loans as other income. Dividends are recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income is recorded at the time dividends are declared. Distributions of earnings from portfolio companies are evaluated to determine if the distribution is income, return of capital or realized gain. In addition, under the PPP that began in the second quarter of 2020 and concluded during the third quarter of 2021, the SBA reimbursed the Company for originating loans and such SBA reimbursements are included as interest income on PPP loans. Income earned in connection with the PPP should not be viewed as recurring. NSBF funded the balance of its PPP loans by the end of July 2021. NSBF has redeployed resources used to generate PPP loans to the origination of SBA 7(a) loans.
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We recognize realized gains or losses on investments based on the difference between the net proceeds from the disposition and the cost basis of the investment without regard to unrealized gains or losses previously recognized. We record current period changes in fair value of investments and assets that are measured at fair value as a component of the net change in unrealized appreciation (depreciation) on investments or servicing assets, as appropriate, in the consolidated statements of operations.

Expenses

Our primary operating expenses are salaries and benefits, interest expense, origination and servicing and other general and administrative costs, such as professional fees, marketing, referral fees, servicing costs and rent. Since we are an internally-managed BDC with no outside adviser or management company, the BDC incurs all the related costs to operate the Company.
Guarantees
The Company is a guarantor on the Sterling Receivable and Inventory Facility at NBC. Maximum borrowings under the Sterling Receivable and Inventory Facility are $35.0 million. The Sterling Receivable and Inventory Facility matures in August 2022 and automatically renews annually. At September 30, 2021, total principal owed by NBC was $8.6 million. In addition, the Company deposited $0.75 million to collateralize the guarantee. At September 30, 2021, the Company determined that it is not probable that payments would be required to be made under the guarantee.

The Company is a guarantor on the NBL Capital One Facility and NBL Deutsche Bank Facility. Maximum borrowings under the NBL Capital One Facility are $75.0 million with an accordion feature to increase maximum borrowings to $150.0 million. The lenders’ commitments terminate in November 2022, with all amounts due under the NBL Capital One Facility maturing in November 2023. Maximum borrowings under the NBL Deutsche Bank facility $100.0 million with a maturity date in March 2023. At September 30, 2021, total principal owed by NBL was $34.7 million. At September 30, 2021, the Company determined that it is not probable that payments would be required to be made under these guarantees.

The Company is a guarantor on the Webster Facility, a term loan facility between NMS with Webster Bank with an aggregate principal amount up to $50.0 million. The Webster Facility matures in November 2023. At September 30, 2021, total principal outstanding was $26.3 million. At September 30, 2021, the Company determined that it is not probable that payments would be required to be made under the guarantee.

Newtek Conventional Lending, LLC (NCL)

We established a 50/50 joint venture, NCL, between Newtek Commercial Lending, Inc., a wholly-owned subsidiary of Newtek, and Conventional Lending TCP Holding, LLC, a wholly-owned, indirect subsidiary of BlackRock TCP Capital Corp. (Nasdaq:TCPC). NCL provided non-conforming conventional commercial and industrial term loans to U.S. middle-market companies and small businesses. NCL ceased funding new loans during 2020 due to the COVID-19 pandemic. Refer to NOTE 3—INVESTMENTS for selected financial information and a schedule of investments of NCL as of September 30, 2021. The Company anticipates relaunching its non-conforming conventional commercial loan program during the second half of 2021 through new joint venture partnerships.

Unfunded Commitments

At September 30, 2021, the Company had $10.4 million of unfunded commitments in connection with its SBA 7(a) non-affiliate investments related to portions of loans originated which are partially funded. The Company will fund these commitments from the same sources it uses to fund its other investment commitments.

Loan Portfolio Asset Quality and Composition
The following tables set forth distributions of the cost basis of the Company’s SBA 7(a) loan portfolio at September 30, 2021 and December 31, 2020, respectively, in thousands. The tables include loans in which NSBF owns 100% as a result of NSBF originating the loan and subsequently repurchasing the guaranteed portion from the SBA. The total of 100% NSBF-owned loans at September 30, 2021 and December 31, 2020 is $18.5 million and $16.9 million, respectively.
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Distribution by Business Type
As of September 30, 2021
Business Type # of Loans Balance Average Balance % of Balance
Existing Business 2,042 $ 336,047 $ 165 80.7 %
Business Acquisition 317 58,657 207 14.1 %
Start-Up Business 235 21,944 96 5.3 %
Total 2,594 $ 416,649 $ 161 100.0 %
As of December 31, 2020
Business Type # of Loans Balance Average Balance % of Balance
Existing Business 1,850 $ 342,636 $ 185 81.5 %
Business Acquisition 275 56,797 207 13.5 %
Start-Up Business 222 20,965 96 5.0 %
Total 2,347 $ 420,398 $ 179 100.0 %
Distribution by Borrower Credit Score
September 30, 2021
Credit Score # of Loans Balance Average Balance % of Balance
500 to 550 17 $ 3,782 $ 222 0.9 %
551 to 600 58 15,298 264 3.7 %
601 to 650 296 59,981 203 14.4 %
651 to 700 739 117,170 159 28.2 %
701 to 750 848 131,014 154 31.4 %
751 to 800 555 80,997 146 19.4 %
801 to 850 78 8,307 107 2.0 %
Not available 3 99 33 0.0 %
Total 2,594 $ 416,649 $ 161 100.0 %
December 31, 2020
Credit Score # of Loans Balance Average Balance % of Balance
500 to 550 19 $ 4,038 $ 213 1.0 %
551 to 600 61 16,435 269 3.9 %
601 to 650 316 64,564 204 15.4 %
651 to 700 704 119,077 169 28.3 %
701 to 750 717 125,217 175 29.8 %
751 to 800 462 82,507 179 19.6 %
801 to 850 65 8,451 130 2.0 %
Not available 3 109 36 0.0 %
Total 2,347 $ 420,398 $ 179 100.0 %
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Distribution by Primary Collateral Type
September 30, 2021
Collateral Type # of Loans Balance Average Balance % of Balance
Commercial Real Estate 983 $ 219,046 $ 223 52.6 %
Machinery and Equipment 424 75,374 178 18.1 %
Accts Receivable and Inventory 296 46,252 156 11.1 %
Residential Real Estate 608 41,060 68 9.9 %
Other 94 28,430 302 6.8 %
Unsecured 147 3,919 27 0.9 %
Furniture and Fixtures 28 1,670 60 0.4 %
Liquid Assets 14 897 64 0.2 %
Total 2,594 $ 416,649 $ 161 100.0 %
December 31, 2020
Collateral Type # of Loans Balance Average Balance % of Balance
Commercial Real Estate 933 $ 218,958 $ 235 52.1 %
Machinery and Equipment 403 78,356 194 18.6 %
Residential Real Estate 259 44,270 171 10.5 %
Accounts Receivable and Inventory 500 39,406 79 9.4 %
Other 89 30,653 344 7.3 %
Unsecured 124 5,421 44 1.3 %
Furniture and Fixtures 25 1,695 68 0.4 %
Liquid Assets 14 1,639 117 0.4 %
Total 2,347 $ 420,398 $ 179 100.0 %
Distribution by Days Delinquent
September 30, 2021
Delinquency Status # of Loans Balance Average Balance % of Balance
Current 2,261 $ 329,898 $ 145,908 79.2 %
1 to 30 days 84 16,270 193,686 3.9 %
Accrual
Current 2,345 $ 346,169 $ 148 83.0 %
31 to 60 days 43 8,968 209 2.2 %
61 to 90 days — — — — %
91 days or greater 42 10,678 254 2.6 %
Non-accrual 164 50,834 310 12.2 %
Total 2,594 $ 416,649 $ 161 100.0 %
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December 31, 2020
Delinquency Status # of Loans Balance Average Balance % of Balance
Accrual
Current 2,071 $ 340,756 $ 165 81.1 %
31 to 60 days 62 12,679 205 3.0 %
61 to 90 days — — — — %
91 days or greater 32 11,520 360 2.7 %
Non-accrual 182 55,443 305 13.2 %
Total 2,347 $ 420,398 $ 179 100.0 %

Consolidated Results of Operations

As a BDC and a RIC, we are subject to certain constraints on our operations, including limitations imposed by the 1940 Act and the Code.
Comparison of the three months ended September 30, 2021 and 2020
Investment Income
(in thousands) Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Change
Investment income:
Interest income - PPP loans $ 269 $ 3,085 $ (2,816)
Interest income - SBA 7(a) loans 7,725 6,357 1,368
Interest income - non-control investments 126 107 19
Dividend income 23 2,265 (2,242)
Servicing income 2,819 2,875 (56)
Other income 1,446 240 1,206
Total investment income $ 12,408 $ 14,929 $ (2,521)

Interest Income
The Company began earning interest income from PPP loans in the second quarter of 2020 under the CARES Act, which allowed NSBF, as an SBA 7(a) lender, to originate loans under the PPP. Under the PPP, SBA 7(a) lenders were automatically approved to extend 100% federally guaranteed PPP loans to certain small businesses. During the three months ended September 30, 2021, NSBF originated $6.4 million of PPP loans resulting in $0.3 million of fees generated. Pursuant to the PPP, the interest rate on PPP loans is capped at 1.0%. For PPP loans made on or after December 27, 2020, SBA paid lenders fees based on the balance of the financing outstanding at the time of disbursement of the loan, for processing PPP loans in the following amounts: (i) for loans of not more than $50,000, an amount equal to the lesser of fifty (50) percent or $2,500; (ii) five (5) percent for loans of more than $50,000 and not more than $350,000; (iii) three (3) percent for loans of more than $350,000 and less than $2,000,000; and (iv) one (1) percent for loans of at least $2,000,000. Such SBA reimbursements are included in Interest Income - PPP loans. Income earned in connection with the PPP should not be viewed as recurring. NSBF funded the balance of its PPP loans by the end of July 2021. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans.
The decrease in interest income on PPP loans was attributable to the decrease in the volume of PPP loans originated during the three months ended September 30, 2021 compared to the three months ended September 30, 2020. The increase in interest income on SBA 7(a) loans was attributable to an increase in the average outstanding performing portfolio of SBA non-affiliate investments to $413.7 million from $359.1 million for the three months ended September 30, 2021 and 2020, respectively. The increase in the average outstanding accrual portfolio resulted from the origination of new SBA non-affiliate investments period over period.
The interest income on non-control investments is attributable to interest on one loan purchased from NBL, a wholly-owned controlled portfolio company, in September of 2020. The Company is not affiliated with the borrower of the loan.
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Dividend Income

Dividend income was earned from the following portfolio companies for the three months ended September 30, 2021 and 2020:

(in thousands) Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Change
Newtek Merchant Solutions, LLC (NMS) $ — $ 1,700 $ (1,700)
International Professional Marketing, Inc. (IPM) 1
— 125 (125)
SIDCO, LLC 1
— 175 (175)
Newtek Conventional Lending, LLC — 234 (234)
EMCAP Loan Holdings, LLC 23 31 (8)
Total dividend income $ 23 $ 2,265 $ (2,242)
(1) On January 1, 2021, IPM and SIDCO became subsidiaries of NTS. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity.
Dividend income is dependent on portfolio company earnings and portfolio company capital investment objectives and opportunities. Current quarter and historical dividend income may not be indicative of future period dividend income, particularly in light of the COVID-19 pandemic. See “COVID-19 Developments.”
NSBF Servicing Portfolio and Related Servicing Income
The following table represents the NSBF originated servicing portfolio and servicing income earned for the three months ended September 30, 2021 and 2020:
(in thousands): Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Change
Total NSBF originated servicing portfolio $ 1,839,239 $ 1,675,217 $ 164,022
Total average NSBF originated portfolio earning servicing income
$ 1,152,909 $ 1,109,271 $ 43,638
Total servicing income earned $ 2,819 $ 2,875 $ (56)
The servicing portfolio and related servicing income was relatively flat period over period. The 2% decrease in servicing income resulted from the reversal of servicing income related to loans transferred to non-accrual status during the third quarter of 2021, offset by a 4% increase in total portfolio investments for which we earn servicing income period over period.

Other Income

Other income relates primarily to legal, packaging, prepayment, and late fees earned from SBA 7(a) loans. The increase was
related to an increase in legal, prepayment and packaging fees earned as a result of the higher volume of SBA 7(a) loans originated of $163.9 million compared to $13.0 million for the three months ended September 30, 2021 and 2020, respectively. As a result of the uncertain economic impact to U.S. small businesses created by the COVID-19 pandemic, the Company temporarily shifted the focus of NSBF from originating SBA 7(a) loans to originating PPP loans beginning in March 2020 through July 2021, when NSBF funded the balance of its PPP loans. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans.

Expenses:

(in thousands) Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Change
Salaries and benefits $ 2,351 $ 3,669 $ (1,318)
Interest 5,177 3,939 1,238
Depreciation and amortization 72 93 (21)
Professional fees 1,418 651 767
Origination and loan processing 4,586 1,120 3,466
Origination and loan processing - related party 3,177 2,705 472
Other general and administrative costs 2,322 1,082 1,240
Total expenses $ 19,103 $ 13,259 $ 5,844
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Salaries and Benefits

The decrease in salaries and benefits was attributable to a decrease in salaries and bonuses and related accruals during the third quarter of 2021.

Interest Expense
The following is a summary of interest expense by facility for the three months ended September 30, 2021 and 2020:
(in thousands) Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Change
Notes payable - Securitization Trusts $ 1,297 $ 1,579 $ (281)
Bank notes payable 486 322 164
Notes due 2023 — 1,016 (1,016)
Notes due 2024 1,238 1,015 223
Notes due 2025 286 — 286
Notes due 2026 1,760 — 1,760
Notes payable - related parties 109 7 102
Total interest expense $ 5,176 $ 3,939 $ 1,237

The increase in interest expense period over period is primarily from additional interest on the Notes due 2026 of $1.8 million. In addition, there was additional interest expense on the 2025 and 2024 Notes of $0.3 million and $0.2 million, respectively.The increase was partially offset by the redemption of the 2023 Notes on February 22, 2021 which resulted in a reduction of $1.0 million of interest expense, and a decrease of $0.3 million in interest on Notes payable - Securitization Trusts related to a decrease in the average outstanding balance and interest rates period over period.

Origination and Loan Processing

The increase in Origination and Loan Processing expenses was attributed to an increase in SBA 7(a) loan fundings. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans.

Origination and Loan Processing - Related Party

The increase in related party origination and loan processing expenses was attributed to an increase in underwriting, origination, closing and compliance fees related to the increase in SBA 7(a) loan fundings period over period. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans.

Net Realized Gains and Net Unrealized Appreciation and Depreciation

Net realized gains (losses) from SBA non-affiliate investments for the three months ended September 30, 2021 and 2020 were a net realized gain of $19.3 million and net realized loss of $0.7 million, respectively. This included realized losses of $3.2 million and $2.4 million, respectively.

Net Realized Gains on SBA 7(a) Non-Affiliate Investments
Three Months Ended
September 30, 2021 September 30, 2020
# of Debt Investments $ Amount
(in thousands) 		# of Debt Investments $ Amount
(in thousands)
SBA non-affiliate investments originated during the quarter 218 $ 163,929 9 $ 12,958
SBA guaranteed non-affiliate investments sold during the quarter 205 $ 148,092 16 $ 11,826
Realized gains recognized on sale of SBA guaranteed non-affiliate investments — $ 22,437 — $ 1,647
Average sale price as a percent of principal balance 1
— 113.04 % — 111.79 %
(1) Realized gains greater than 110.00% must be split 50/50 with the SBA in accordance with SBA regulations. The realized gains recognized above reflects amounts net of split with the SBA.
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As a result of the uncertain economic impact to U.S. small businesses created by the COVID-19 pandemic, the Company’s Executive Committee and Lending Team temporarily shifted the focus of NSBF from originating SBA 7(a) loans to originating PPP loans beginning in March 2020, resulting in a higher volume of SBA 7(a) loans for the three months ended September 30, 2021 compared to 2020 as NSBF has redeployed resources used to generate PPP loans to the origination of SBA 7(a) loans.

Net Unrealized Appreciation (Depreciation) on Investments
(in thousands) Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Change
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments $ 123 $ (111) $ 234
Net unrealized appreciation on SBA unguaranteed non-affiliate investments 998 132 866
Net unrealized appreciation (depreciation) on controlled investments 7,305 (285) 7,590
Change in deferred taxes (2,843) 70 (2,913)
Net unrealized appreciation on derivative instruments 341 — 341
Net unrealized depreciation on non-control investments (3) — (3)
Total net unrealized appreciation (depreciation) on investments $ 5,921 $ (194) $ 6,115

Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments relates to guaranteed portions of SBA debt investments made which the Company sells into a secondary market. Unrealized appreciation (depreciation) of SBA guaranteed investments represents the fair value adjustment of guaranteed portions of loans which have not yet been sold. Unrealized depreciation represents the reversal of unrealized appreciation when the SBA 7(a) loans are sold.

The net unrealized appreciation on SBA unguaranteed non-affiliate investments was driven primarily by an increase in the fair value of the portfolio from December 31, 2020. The primary driver of the portfolio’s unrealized appreciation was due to current market conditions improving year over year since the start of the pandemic. See “COVID-19 Developments” for additional information.

The net unrealized depreciation on derivative instruments is attributable to interest rate movement on interest rate futures contracts.
The net unrealized depreciation on non-control investments is attributable to a decrease in the fair value of one loan purchased from NBL, a wholly-owned controlled portfolio company, in September of 2020. The Company is not affiliated with the borrower of the loan.

Net Unrealized Appreciation (Depreciation) on Controlled Investments

Unrealized appreciation (depreciation) was derived from the following portfolio companies for the three months ended September 30, 2021 and 2020:
(in thousands) Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Change
Mobil Money, LLC 1,000 — 1,000
Newtek Technology Solutions, Inc. 1
4,500 — 4,500
CDS Business Services, Inc. (3,540) — (3,540)
PMTWorks Payroll, LLC 1,500 (35) 1,535
Newtek Insurance Agency, LLC (950) — (950)
Newtek Business Lending, LLC 4,500 — 4,500
Newtek Conventional Lending, LLC 296 (250) 546
Titanium Asset Management LLC (1) — (1)
Total net unrealized appreciation (depreciation) on controlled investments $ 7,305 $ (285) $ 7,590
(1) On January 1, 2021, IPM and SIDCO became subsidiaries of NTS and as a result the valuation of NTS and related unrealized appreciation represents that of the combined entity. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity.

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Provision for Deferred Taxes on Unrealized Appreciation of Investments

Certain consolidated subsidiaries of ours are subject to U.S. federal and state income taxes. These taxable subsidiaries are not consolidated with the Company for income tax purposes, but are consolidated for GAAP purposes, and may generate income tax liabilities or assets from temporary differences in the recognition of items for financial reporting and income tax purposes at the subsidiaries. During the three months ended September 30, 2021 and 2020, we recognized a provision for deferred taxes of $2.8 million and $0.07 million, respectively, related to the net unrealized appreciation and depreciation of controlled portfolio company investments.

Comparison of the nine months ended September 30, 2021 and 2020
Investment Income
(in thousands) Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Change
Investment income:
Interest income - PPP loans $ 49,989 $ 37,742 $ 12,247
Interest income - SBA 7(a) loans 21,031 20,805 226
Interest income - non-control investments 374 107 267
Dividend income 121 8,955 (8,834)
Servicing income 8,346 8,367 (21)
Other income 3,829 1,449 2,380
Total investment income $ 83,690 $ 77,425 $ 6,265
Interest Income
The Company began earning interest income from PPP loans in the second quarter of 2020 under the CARES Act. Under the PPP, SBA 7(a) lenders were automatically approved to extend 100% federally guaranteed PPP loans to certain small businesses. During the nine months ended September 30, 2021, NSBF originated $0.7 billion of PPP loans resulting in $50.0 million of fees generated. Pursuant to the PPP, the interest rate on PPP loans is capped at 1.0%. For PPP loans made on or after December 27, 2020, SBA will pay lenders fees based on the balance of the financing outstanding at the time of disbursement of the loan, for processing PPP loans in the following amounts: (i) for loans of not more than $50,000, an amount equal to the lesser of fifty (50) percent or $2,500; (ii) five (5) percent for loans of more than $50,000 and not more than $350,000; (iii) three (3) percent for loans of more than $350,000 and less than $2,000,000; and (iv) one (1) percent for loans of at least $2,000,000. Such SBA reimbursements are included in Interest Income - PPP loans. Income earned in connection with the PPP should not be viewed as recurring. NSBF funded the balance of its PPP loans by the end of July 2021. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans.
The increase in interest income on PPP loans was attributable to the higher volume of PPP loans originated during the nine months ended September 30, 2021 compared to the first half of 2020, which included only a partial period in 2020 as the Company began earning PPP income in April 2020. The increase in interest income from SBA 7(a) loans was attributable to the average outstanding accrual portfolio of SBA non-affiliate investments increasing to $405.1 million from $371.0 million for the nine months ended September 30, 2021 and 2020, respectively. The increase was partially offset by decrease in the average Prime Rate in effect on our portfolio from 3.75% to 3.25% over the twelve month period. The increase in the average outstanding accrual portfolio resulted from the origination of new SBA non-affiliate investments period over period.
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Dividend Income

Dividend income was earned from the following portfolio companies for the nine months ended September 30, 2021 and 2020:
(in thousands) Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Change
Newtek Merchant Solutions, LLC (NMS) $ — $ 7,100 $ (7,100)
International Professional Marketing, Inc. (IPM) 1
— 275 (275)
SIDCO, LLC 1
— 675 (675)
Newtek Conventional Lending, LLC 51 834 (783)
EMCAP Loan Holdings, LLC 70 71 (1)
Total dividend income $ 121 $ 8,955 $ (8,834)
(1) On January 1, 2021, IPM and SIDCO became subsidiaries of NTS. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity.

Dividend income is dependent on portfolio company earnings and portfolio company capital investment objectives and opportunities. Current year and historical dividend income may not be indicative of future period dividend income, particularly in light of the COVID-19 pandemic. See “COVID-19 Developments.”
NSBF Servicing Portfolio and Related Servicing Income
The following table represents the NSBF originated servicing portfolio and servicing income earned for the nine months ended September 30, 2021 and 2020:
(in thousands): Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Change
Total NSBF originated servicing portfolio $ 1,839,239 $ 1,675,217 $ 164,022
Total average NSBF originated portfolio earning servicing income
$ 1,126,181 $ 1,119,159 $ 7,022
Total servicing income earned $ 8,346 $ 8,367 $ (21)
Servicing income was relatively flat period over period. The 0.3% increase in servicing income related to the transfer of loans from non-accrual to accrual status in the first half of 2021, as well as higher SBA 7(a) guarantee percentage being serviced, offset by a 1% reduction in servicing increase from a decrease in the total portfolio investments for which we earn servicing income period over period.

Other Income

Other income relates primarily to legal, packaging, prepayment, and late fees earned from SBA 7(a) loans. The increase was
related to an increase in legal, prepayment and packaging fees earned as a result of the higher volume of SBA 7(a) loans originated of $362.6 million compared to $83.1 million for the nine months ended September 30, 2021 and 2020, respectively. As a result of the uncertain economic impact to U.S. small businesses created by the COVID-19 pandemic, the Company temporarily shifted the focus of NSBF from originating SBA 7(a) loans to originating PPP loans beginning in March 2020 through the conclusion of round one of the PPP during 2020.
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Expenses:
(in thousands) Nine Months Ended
September 30, 2021 		Nine Months Ended
September 30, 2020 		Change
Salaries and benefits $ 12,727 $ 10,856 $ 1,871
Interest 15,217 13,727 1,490
Depreciation and amortization 236 312 (76)
Professional fees 3,465 2,822 643
Origination and loan processing 10,555 5,666 4,889
Origination and loan processing - related party 10,830 8,438 2,392
Change in fair value of contingent consideration liabilities — 54 (54)
Loss on extinguishment of debt 955 — 955
Other general and administrative costs 5,663 4,415 1,248
Total expenses $ 59,648 $ 46,290 $ 13,358

Salaries and Benefits

The increase in salaries and benefits was attributable to an increase in salaries and bonuses and related accruals during the second quarter of 2021 as a result of an increase in staffing for the PPP and SBA 7(a) programs.

Interest Expense
The following is a summary of interest expense by facility for the nine months ended September 30, 2021 and 2020:
(in thousands) Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Change
Notes payable - Securitization Trusts $ 4,002 $ 6,298 $ (2,296)
Bank notes payable 1,142 1,041 101
Notes due 2023 549 3,047 (2,498)
Notes due 2024 3,488 3,042 446
Notes due 2025 848 — 848
Notes due 2026 4,913 — 4,913
Notes payable - related parties 275 298 (23)
Total interest expense $ 15,217 $ 13,726 $ 1,491

The increase in interest expense period over period is primarily from additional interest on the Notes due 2026 of $4.9 million. In addition, there was additional interest expense on the 2025 and 2024 Notes of $0.8 million and $0.4 million, respectively. The increase was partially offset by the redemption of the 2023 Notes on February 22, 2021 which resulted in a reduction of $2.5 million of interest expense, and a decrease of $2.3 million in interest on Notes payable - Securitization Trusts related to a decrease in the average outstanding balance and interest rates period over period.

Origination and Loan Processing

The increase in Origination and Loan Processing expenses was attributed to an increase in SBA 7(a) loan fundings.
Origination and Loan Processing - Related Party

The increase in related party origination and loan processing expenses was attributed to an increase in underwriting, origination, closing and compliance fees related to the increase in SBA 7(a) loan fundings period over period.
Net Realized Gains and Net Unrealized Appreciation and Depreciation

Net realized gains from SBA non-affiliate investments for the nine months ended September 30, 2021 and 2020 were $38.1 million and $2.6 million, respectively, which included realized losses of $7.3 million and $5.7 million, respectively.

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Net Realized Gains on SBA Non-Affiliate Investments
Nine Months Ended
September 30, 2021 September 30, 2020
# of Debt Investments $ Amount
(in thousands) 		# of Debt Investments $ Amount
(in thousands)
SBA non-affiliate investments originated 499 $ 362,568 96 $ 83,149
SBA guaranteed non-affiliate investments sold 454 $ 293,381 101 $ 68,601
Realized gains recognized on sale of SBA guaranteed non-affiliate investments — $ 45,376 — $ 8,289
Average sale price as a percent of principal balance 1
— 113.38 % — 109.98 %
(1) Realized gains greater than 110.00% must be split 50/50 with the SBA in accordance with SBA regulations. The realized gains recognized above reflects amounts net of split with the SBA.

As a result of the uncertain economic impact to U.S. small businesses created by the COVID-19 pandemic, the Company’s Executive Committee and Lending Team temporarily shifted the focus of NSBF from originating SBA 7(a) loans to originating PPP loans beginning in March 2020, resulting in a higher volume of SBA 7(a) loans for the nine months ended September 30, 2021 compared to 2020 as NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans in 2021.

Net Unrealized Appreciation (Depreciation) on Investments
(in thousands) Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Change
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments $ 2,533 $ (494) $ 3,027
Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments 2,583 (6,012) 8,595
Net unrealized appreciation (depreciation) on controlled investments 1,760 (11,156) 12,916
Net unrealized appreciation on derivative transactions 304 — 304
Change in deferred taxes (2,120) 3,010 (5,130)
Net unrealized appreciation on non-control/non-affiliate investments 521 — 521
Total net unrealized appreciation (depreciation) on investments $ 5,581 $ (14,652) $ 20,233

Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments relates to guaranteed portions of SBA debt investments made which the Company sells into a secondary market. Unrealized appreciation of SBA guaranteed investments represents the fair value adjustment of guaranteed portions of loans which have not yet been sold. Unrealized depreciation represents the reversal of unrealized appreciation when the guaranteed portions of the SBA 7(a) loans are sold.

The net unrealized depreciation on derivative instruments is attributable to interest rate movement on interest rate futures contracts.
The net unrealized appreciation on non-control investments is attributable to an increase in the fair value of one loan purchased from NBL, a wholly-owned controlled portfolio company, in September of 2020. The Company is not affiliated with the borrower of the loan.
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Net Unrealized Appreciation (Depreciation) on Controlled Investments

Unrealized appreciation (depreciation) was derived from the following portfolio companies for the nine months ended September 30, 2021 and 2020:
(in thousands) Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Change
Newtek Merchant Solutions, LLC (NMS) $ — $ (6,250) $ 6,250
Newtek Technology Solutions, Inc. (NTS) 1
6,000 500 5,500
CDS Business Services, Inc. (6,540) (750) (5,790)
PMTWorks Payroll, LLC 1,500 (120) 1,620
Small Business Lending, LLC (5,650) (2,802) (2,848)
Newtek Insurance Agency, LLC (950) — (950)
Newtek Business Lending, LLC 5,870 — 5,870
Newtek Conventional Lending, LLC 527 (410) 937
Titanium Asset Management LLC 3 (75) 78
Mobil Money, LLC 1,000 (1,250) 2,250
Total net unrealized appreciation (depreciation) on controlled investments $ 1,760 $ (11,157) $ 12,917
(1) On January 1, 2021, IPM and SIDCO became subsidiaries of NTS and as a result, the year ended December 31, 2020 valuation of NTS and related unrealized appreciation represents that of the combined entity. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity.

Provision for Deferred Taxes on Unrealized Appreciation of Investments

Certain consolidated subsidiaries of ours are subject to U.S. federal and state income taxes. These taxable subsidiaries are not consolidated with the Company for income tax purposes, but are consolidated for GAAP purposes, and may generate income tax liabilities or assets from temporary differences in the recognition of items for financial reporting and income tax purposes at the subsidiaries. During the nine months ended September 30, 2021 and 2020, we recognized a provision for deferred taxes of $2.1 million and $3.0 million related to the net unrealized appreciation of controlled portfolio company investments, respectively.

Liquidity and Capital Resources
Overview

Our liquidity and capital resources are derived from our Capital One Facility, Notes payable - related parties, 2024 Notes, 2025 Notes, 2026 Notes, securitization transactions and cash flows from operations, including investment sales and repayments, and income earned. Our primary use of funds from operations includes investments in portfolio companies and payments of fees and other operating expenses we incur. We have used, and expect to continue to use, our borrowings and the proceeds from the turnover of our portfolio and from public and private offerings of securities to finance our investment objectives. We may raise additional equity or debt capital through both registered offerings off a shelf registration, including “at-the-market”, or ATM, and private offerings of securities. On July 26, 2018, our shareholders approved the application of the modified asset coverage requirement as set forth in Section 61(a)(2) of the 1940 Act. As a result, our minimum required asset coverage ratio decreased from 200% to 150%, effective July 27, 2018. As of September 30, 2021, our asset coverage was 173% based on $500.8 million of aggregate principal amount of senior securities outstanding.

Public Offerings

ATM Program

On July 10, 2019, the Company entered into the 2019 ATM Equity Distribution Agreement, as amended on February 28, 2020. The Amended 2019 ATM Equity Distribution Agreement provided that the Company may offer and sell up to 3,000,000 shares of common stock from time to time through the placement agents. From inception through June 24, 2020, we sold 1,716,517 shares of our common stock at a weighted average price of $21.88 per share. Proceeds, net of offering costs and expenses were $37.6 million. On June 24, 2020, the Company terminated the Amended 2019 ATM Equity Distribution Agreement. The Company paid the ATM placement agents $0.8 million in compensation.

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We used the net proceeds for funding investments in debt and equity securities in accordance with our investment objective and strategies and for general corporate purposes including funding investments, repaying outstanding indebtedness and other general corporate purposes.

On June 25, 2020, the Company entered into the 2020 ATM Equity Distribution Agreement. The 2020 ATM Equity Distribution Agreement provides that the Company may offer and sell up to 3,000,000 shares of common stock from time to time through the placement agents. From inception through September 30, 2021, we sold 430,470 shares of our common stock at a weighted average price of $20.93 per share. Proceeds, net of offering costs and expenses were $9.0 million. The company paid the placement agents $0.2 million in compensation during the nine months ended September 30, 2021. As of September 30, 2021, there were 1,546,951 shares of common stock available for sale under the 2020 ATM Equity Distribution Agreement. For more information, see “Recent Developments.”

Debt Offerings

In January 2021, the Company and the Trustee entered into the Seventh Supplemental Indenture to the Base Indenture between the Company and the Trustee, relating to the Company’s issuance, offer and sale of $115.0 million aggregate principal amount of 5.50% Notes due 2026, including $15.0 million in aggregate principal amount sold pursuant to a fully-exercised overallotment option. The sale of the 2026 Notes generated proceeds of approximately $111.3 million, net of underwriter's fees and expenses. The 2026 Notes are the Company’s direct unsecured obligations and rank: (i) pari passu with the Company’s other outstanding and future unsecured indebtedness; (ii) senior to any of the Company’s future indebtedness that expressly provides it is subordinated to the 2026 Notes; (iii) effectively subordinated to all the Company’s existing and future secured indebtedness (including indebtedness that is initially unsecured to which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness; and (iv) structurally subordinated to all existing and future indebtedness and other obligations of any of the Company’s subsidiaries.

The 2026 Notes will mature on February 1, 2026 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after February 1, 2022, upon not less than 30 days nor more than 60 days written notice by mail prior to the date fixed for redemption thereof, at a redemption price equal to the following amounts, plus accrued and unpaid interest to, but excluding, the redemption date: (1) 100% of the principal amount of the 2026 Notes to be redeemed plus (2) the sum of the present value of the scheduled payments of interest (exclusive of accrued and unpaid interest to the date of redemption) on the 2026 Notes to be redeemed from the redemption date until February 1, 2023, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using the applicable Treasury Rate plus 50 basis points; provided, however, that if the Company redeems any 2026 Notes on or after February 1, 2023 (the date falling three years prior to the maturity date of the 2026 Notes), the redemption price for the 2026 Notes will be equal to 100% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the date of redemption. The 2026 Notes bear interest at a rate of 5.50% per year payable quarterly on February 1, May 1, August 1 and November 1 of each year, commencing on May 1, 2021, and trade on the Nasdaq Global Market under the trading symbol “NEWTZ.” At September 30, 2021, the Company was in compliance with all covenants related to the 2026 Notes.

On November 27, 2020, the Company and Trustee entered into the Fifth Supplemental Indenture to the Base Indenture between the Company and the Trustee, relating to the issuance, offer and sale of $5.0 million aggregate principal amount of its 2025 Notes. The offering was consummated pursuant to the terms of a purchase agreement (the "Purchase Agreement") among the Company and an accredited investor. The Purchase Agreement provided for the 2025 Notes to be issued to the purchaser in a private placement in reliance on Section 4(a)(2) of the Securities Act. The net proceeds from the sale of the Notes were approximately $4.8 million, after deducting structuring fees and estimated offering expenses, each payable by the Company. The 2025 Notes are the Company’s direct unsecured obligations and rank: (i) pari passu with the Company’s other outstanding and future unsecured indebtedness; (ii) senior to any of the Company’s future indebtedness that expressly provides it is subordinated to the 2025 Notes; (iii) effectively subordinated to all the Company’s existing and future secured indebtedness (including indebtedness that is initially unsecured to which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness; and (iv) structurally subordinated to all existing and future indebtedness and other obligations of any of the Company’s subsidiaries. The Company exercised its option to issue up to $10 million of additional 2025 Notes to the purchaser, and issued $10 million in additional 2025 Notes to the purchaser in an exempt offering in January 2021.

In July 2019, the Company and the Trustee entered into the Fourth Supplemental Indenture to the Base Indenture between the Company and the Trustee, relating to the Company’s issuance, offer and sale of $55.0 million aggregate principal amount of 5.75% Notes due 2024. The Company granted an overallotment option of up to $8.25 million in aggregate principal amount of the 2024 Notes. The sale of the 2024 Notes generated proceeds of approximately $53.2 million, net of underwriter's fees and expenses. In July 2019 the underwriters exercised their option to purchase $8.25 million in aggregate principal amount of 2024
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Notes for an additional $8.0 million in net proceeds. The 2024 Notes are the Company’s direct unsecured obligations and rank: (i) pari passu with the Company’s other outstanding and future unsecured indebtedness; (ii) senior to any of the Company’s future indebtedness that expressly provides it is subordinated to the 2024 Notes; (iii) effectively subordinated to all the Company’s existing and future secured indebtedness (including indebtedness that is initially unsecured to which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness; and (iv) structurally subordinated to all existing and future indebtedness and other obligations of any of the Company’s subsidiaries.

The 2024 Notes will mature on August 1, 2024 and may be redeemed in whole or in part at the Company’s option at any time or from time to time on or after August 1, 2021, at a redemption price of 100% of the outstanding principal amount thereof plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period accrued to but not including the date fixed for redemption. The 2024 Notes bear interest at a rate of 5.75% per year payable quarterly on February 1, May 1, August 1, and November 1 of each year, commencing on November 1, 2019, and trade on the Nasdaq Global Market under the trading symbol “NEWTL.” At September 30, 2021, the Company was in compliance with all covenants related to the 2024 Notes.

On February 16, 2021 and May 20, 2021, the Company issued an additional $5.0 million and $10.0 million in aggregate principal amount of its 2024 Notes, respectively. The new 2024 Notes are treated as a single series with the prior 2024 Notes and have the same terms as the prior 2024 Notes. The existing 2024 Notes have the same CUSIP number and are fungible and rank equally with the prior 2024 Notes.

In February 2018, the Company and the Trustee entered into the Third Supplemental Indenture to the Base Indenture between the Company and the Trustee, relating to the Company’s issuance, offer and sale of $50.0 million aggregate principal amount of 6.25% Notes due 2023. The Company granted an overallotment option of up to $7.5 million in aggregate principal amount of the 2023 Notes. The sale of the Notes generated proceeds of approximately $47.9 million, net of underwriter's fees and expenses. In February 2018, the underwriters exercised their option to purchase $7.5 million in aggregate principal amount of notes for an additional $7.3 million in net proceeds. The 2023 Notes were the Company’s direct unsecured obligations and ranked: (i) pari passu with the Company’s other outstanding and future unsecured indebtedness; (ii) senior to any of the Company’s future indebtedness that expressly provides it is subordinated to the 2023 Notes; (iii) effectively subordinated to all the Company’s existing and future secured indebtedness (including indebtedness that is initially unsecured to which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness; and (iv) structurally subordinated to all existing and future indebtedness and other obligations of any of the Company’s subsidiaries.

The 2023 Notes were scheduled to mature on March 1, 2023 and could be redeemed in whole or in part at the Company’s option at any time or from time to time on or after March 1, 2020, at a redemption price of 100% of the outstanding principal amount thereof plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period accrued to but not including the date fixed for redemption. The 2023 Notes bear interest at a rate of 6.25% per year payable quarterly on March 1, June 1, September 1, and December 1 of each year, commencing on June 1, 2018, and trade on the Nasdaq Global Market under the trading symbol “NEWTI.” On February 22, 2021, the Company used the proceeds from the issuance of the 2026 Notes to redeem all $57.5 million in aggregate principal amount of the 2023 Notes at 100% of their principal amount ($25 per Note), plus the accrued and unpaid interest thereon from December 1, 2020, through, but excluding, the redemption date.

In September 2015, the Company and the Trustee entered into the Base Indenture and the First Supplemental Indenture relating to the Company's issuance, offer, and sale of $8.3 million, including the underwriter's partial exercise of their over-allotment option, in aggregate principal amount of the 7.5% Notes due 2022. The 2022 Notes are the Company’s direct unsecured obligations and rank: (i) pari passu with the Company’s other outstanding and future unsecured indebtedness; (ii) senior to any of the Company’s future indebtedness that expressly provides it is subordinated to the 2022 Notes; (iii) effectively subordinated to all the Company’s existing and future secured indebtedness (including indebtedness that is initially unsecured to which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness; and (iv) structurally subordinated to all existing and future indebtedness and other obligations of any of the Company’s subsidiaries.

On August 29, 2019, the Company redeemed all $8.3 million in aggregate principal amount of the 2022 Notes on the redemption date of August 29, 2019 at 100% of their principal amount ($25 per Note), plus the accrued and unpaid interest thereon from July 1, 2019, through, but excluding, the redemption date.

The Base Indenture, and each supplemental indenture thereto, contains certain covenants including covenants requiring the Company to comply with (regardless of whether it is subject to) the asset coverage requirements set forth in Section 18(a)(1)(A) of the 1940 Act as modified by Section 61(a) of the 1940 Act (or any successor provisions), to comply with (regardless of whether it is subject to) the restrictions on dividends, distributions and purchase of capital stock set forth in Section 18(a)(1)(B)
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of the 1940 Act as modified by Section 61(a) of the 1940 Act and to provide financial information to the holders of the Notes and the Trustee if the Company should no longer be subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the Base Indenture, as supplemented by each supplemental indenture thereto. The Base Indenture provides for customary events of default and further provides that the Trustee or the holders of 25% in aggregate principal amount of the outstanding Notes may declare such Notes immediately due and payable upon the occurrence of any event of default after expiration of any applicable grace period. At September 30, 2021, the Company was in compliance with all covenants related to the Notes.

Capital One Facilities
In May 2017, NSBF amended its Capital One facility to increase the facility from $50.0 million to $100.0 million and reduce the interest rate. The facility was amended again in June 2018 and the portion of the facility collateralized by the government guaranteed portion of SBA 7(a) loans, was reduced to Prime minus 0.75% (previously Prime minus 0.25%). The interest rate on the portion of the facility, collateralized by the non-guaranteed portion of SBA 7(a) loans, was reduced to Prime plus 0.25% (previously Prime plus 0.75%). The facility provides for a 55% advance rate on the non-guaranteed portions of the SBA 7(a) loans NSBF originates, and a 90% advance rate on the guaranteed portions of SBA 7(a) loans NSBF originates. In addition, the amendment extended the date on which the facility will convert to a term loan from May 16, 2017 to May 11, 2020 and extended the maturity date of the facility to May 11, 2022. In June 2019, the facility was increased from $100.0 million to $150.0 million. On May 7, 2020, NSBF amended its existing line of credit with Capital One to, among other things, extend the maturity date on which the credit facility will convert into a term loan for a period of three years to May 7, 2023, with the term loan maturing on May 7, 2025.

At September 30, 2021, there was $46.0 million and $69.0 million outstanding under the unguaranteed and guaranteed lines of credit, respectively. At September 30, 2021, we were in full compliance with all applicable loan covenants.
Notes Payable - Related Parties

In June 2015, the Company entered into the Related Party RLOC with certain controlled portfolio companies. Maximum borrowings under the Related Party RLOC were $38.0 million. In June 2017, the Related Party RLOC was amended to increase maximum borrowings to $50.0 million. The outstanding balance had an interest rate equal to 1 month LIBOR (with a floor of 0.50%) plus 6.0% or at a rate equal to the greater of the Prime Rate or 3.5% plus 5.0%. In November 2018, the Related Party RLOC was amended to reduce the interest rate to the lesser of 1 month LIBOR plus 2.5% or the Prime Rate plus 1.5%.

At September 30, 2021, the Related Party RLOC interest rate was 2.71%. The Related Party RLOC has a maturity date of November 8, 2023. Outstanding borrowings due to NMS at September 30, 2021 were $0.0 million.

Securitization Transactions
Since 2010, NSBF has engaged in securitizations of the unguaranteed portions of its SBA 7(a) loans. In the securitization, it uses a special purpose entity (the “Trust”) which is considered a variable interest entity. Applying the consolidation requirements for VIEs under the accounting rules in ASC Topic 860, Transfers and Servicing, and ASC Topic 810, Consolidation, which became effective January 1, 2010, the Company determined that as the primary beneficiary of the securitization vehicle, based on its power to direct activities through its role as servicer for the Trust and its obligation to absorb losses and right to receive benefits, it needed to consolidate the Trusts. NSBF therefore consolidated the entity using the carrying amounts of the Trust’s assets and liabilities. NSBF reflects the assets in SBA Unguaranteed Non-Affiliate Investments and reflects the associated financing in Notes Payable - Securitization trusts on the Consolidated Statements of Assets and Liabilities.

In November 2016, NSBF completed its seventh securitization which resulted in the transfer of $56.1 million of unguaranteed portions of SBA loans to the 2016-1 Trust. The 2016-1 Trust in turn issued securitization notes for the par amount of $53.4 million, consisting of $43.6 million Class A notes and $9.8 million of Class B notes, against the assets in a private placement. The Class A and Class B notes received an “A” and “BBB+” rating by S&P, respectively, and the final maturity date of the notes is February 2042. The Class A and Class B notes bear interest at an average rate of 1 month LIBOR plus 3.0% and 4.25%, respectively. Generally, in the event that the one-month LIBOR or Prime Rate becomes unavailable or otherwise unpublished, NSBF will select as a replacement a comparable alternative index over which it has no direct control and which is readily verifiable, in accordance with the terms of the 2016-1 securitization transaction documents.

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In December 2017, NSBF completed its eighth securitization which resulted in the transfer of $76.2 million of unguaranteed portions of SBA loans to the 2017-1 Trust. The 2017-1 Trust in turn issued securitization notes for the par amount of $75.4 million, consisting of $58.1 million Class A notes and $17.3 million of Class B notes, against the assets in a private placement. The Class A and Class B notes received an “A” and “BBB-” rating by S&P, respectively, and the final maturity date of the notes is February 2043. The Class A and Class B notes bear interest at a rate of 1 month LIBOR plus 2.0% and 3.0%, respectively. Generally, in the event that the one-month LIBOR or Prime Rate becomes unavailable or otherwise unpublished, NSBF will select as a replacement a comparable alternative index over which it has no direct control and which is readily verifiable, in accordance with the terms of the 2017-1 securitization transaction documents.

In November 2018, NSBF completed its ninth securitization which resulted in the transfer of $108,551,000 of unguaranteed portions of SBA loans to the 2018-1 Trust. The 2018-1 Trust in turn issued securitization notes for the par amount of $108.6 million, consisting of $82.9 million Class A notes and $25.7 million of Class B notes, against the assets in a private placement. The Class A and Class B notes received an “A” and “BBB-” rating by S&P, respectively, and the final maturity date of the notes is February 2044. Generally, in the event that the one-month LIBOR or Prime Rate becomes unavailable or otherwise unpublished, NSBF will select as a replacement a comparable alternative index over which it has no direct control and which is readily verifiable, in accordance with the terms of the 2018-1 securitization transaction documents.

In October 2019, NSBF completed its tenth securitization which resulted in the transfer of $118.9 million of unguaranteed portions of SBA loans to the 2019-1 Trust, The 2019-1 Trust in turn issued securitization notes for the par amount of $118.9 million, consisting of $93.5 million of Class A notes and $25.4 million Class B notes, against the assets in a private placement. The Class A and Class B notes received an “A” and “BBB-” rating by S&P, respectively, and the final maturity date of the notes is December 2044. The Class A and Class B notes bear interest at an average rate of LIBOR plus 1.83% across both classes. Generally, in the event that the one-month LIBOR or Prime Rate becomes unavailable or otherwise unpublished, NSBF will select as a replacement a comparable alternative in accordance with the terms of the 2019-1 securitization transaction documents.

PPP Loan Participations

Beginning in April 2020, NSBF engaged in the origination of PPP loans. To facilitate NSBF’s involvement as a lender in the PPP, during the second quarter of 2020, NSBF entered into PPP loan participation agreements where NSBF originated PPP loans and sold 90% participating interests to the Participants. The participations were sold at par due to the short term maturity of the loans. NSBF and the Participants share proportionally in all interest and principal payments made on the loans. Subsequently, UBS, Stifel and Amalgamated amended their participation agreements with NSBF to allow the banks purchase up to 100% participation interests in certain of the PPP loans originated by NSBF. In connection with the amendments, UBS, Stifel, and Amalgamated purchased the remaining 10% participation interests in their participation loans, bringing their participation interests to 100%, while Morgan Stanley continues to hold 90% participation interests as of September 30, 2021. In total, during the nine months ended September 30, 2021, NSBF sold participations in $729.0 million of PPP loans and continues to hold the PPP loan notes and the PPP loan documents in order to service the loans and facilitate the PPP loan forgiveness process. The servicing liability in connection with the PPP loans was deemed immaterial. PPP loan origination fees are recognized as interest income on sale of PPP loan participations.

A transfer of financial assets must meet the sale criteria under the accounting rules in ASC Topic 860, Transfers and Servicing, in order to be considered a sale instead of a secured borrowing. The Company determined that the sale criteria are met and the Participants’ interests in the PPP loans are not held on the Company’s consolidated balance sheets. As stated in the PPP loan participation agreements, the intention of the parties is for the participation agreements to be absolute and true sales and not secured borrowings. In accordance with the terms of the PPP loan participation agreements and SBA regulations and guidance, NSBF, as the originating lender, retains all servicing rights and is the party responsible to the SBA with respect to all servicing actions, including requests for advance purchases and loan forgiveness, and will be the party eligible for the guarantee purchase of the PPP loan. For the 100% participations, the entire financial asset is considered to have been sold since a 100% ownership interest in the underlying asset’s cash flows has been sold to a third party and only the servicing rights remain with NSBF. For the 90% participations, the transfers met all the conditions of a participating interest as defined by ASC 860 to potentially qualify for sale accounting including (i) there is a proportionate ownership interest in an entire financial asset, (ii) all cash flows are divided proportionately among the participants, (iii) the parties’ rights are parri passu, and (iv) no party has the right to pledge or exchange the entire PPP loan unless all participating interest holders agree. The Company obtained true sale opinions and concluded that legal isolation is met under ASC 860-10-45-5a. As required under ASC 860 for sale accounting, the Company does not have an option or obligation to reacquire the assets, except for standard representations and warranties, such as in the event of fraud, gross negligence, or willful misconduct on the part of the Company, or failure to meet the ongoing contractual obligations to service the PPP loans. Owners of participations in PPP loans also have credit protection in the form of a 100% irrevocable government guarantee.
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Congress enacted the Economic Aid Act on December 27, 2020, which, among other things, provided funding for PPP loans. On March 25, 2021, Congress passed the PPP Extension Act of 2021, which extended the PPP through May 31, 2021. During the duration of the PPP through December 31, 2020, NSBF funded approximately 10,570 PPP loans totaling $1.2 billion, with an additional $0.7 billion funded during nine months ended ended September 30, 2021. For more information, see “Management’s Discussion and Analysis of Financial Conditions and Results of Operations - Executive Summary.” NSBF funded the balance of its PPP loans by the end of July 2021. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans. Income earned in connection with the PPP should not be viewed as recurring.

Cash Flows and Liquidity
As of September 30, 2021, the Company’s unused sources of liquidity consisted of $25.1 million available through the Capital One facility; $29.4 million available through notes payable with related parties; and $20.2 million in unrestricted cash.

Restricted cash of $182.9 million as of September 30, 2021 is primarily held by NSBF. The majority, or $181.9 million of restricted cash includes reserves in the event payments are insufficient to cover interest and/or principal with respect to securitizations and loan principal and interest collected which are due to loan participants.

The Company generated and used cash as follows:
(in thousands) Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020
Net cash provided by operating activities $ 151,700 $ 76,292
Net cash used in investing activities — (10)
Net cash used in financing activities (19) (63,012)
Net increase in cash and restricted cash 151,681 13,270
Cash and restricted cash, beginning of period 51,425 33,207
Cash and restricted cash, end of period $ 203,106 $ 46,477
During the nine months ended September 30, 2021, operating activities provided cash of $151.7 million, consisting primarily of (i) $1,061.6 million of proceeds from the sale of SBA 7(a) guaranteed loan investments, (ii) $57.4 million of principal payments received from SBA non-affiliate investments.
These increases were offset by (i) $1.1 billion of SBA 7(a) and PPP loan investments funded and (ii) $37.0 million of investments in controlled portfolio companies and (iii) a $8.2 million increase in broker receivables which arise from the
guaranteed portions of SBA 7(a) loans that were traded in the period but did not settled during the current period end and the
cash was not received from the purchasing broker during the current period; the amount varies depending on loan origination
volume and timing of sales at quarter end.
Net cash used in financing activities was $0.02 million consisting primarily of (i) a redemption of $57.5 million of the 2023 Notes; (ii) $44.2 million of principal payments related to securitization notes payable (iii) $28.6 million of net repayments under our bank notes payable, (iv) net repayments under the Related Party RLOC of $24.1 million and (v) $46.4 million of dividend payments.
These uses were offset by (i) $115.0 million, $10.0 million and $15.0 million of issuances of the 2026 Notes, 2025 Notes, and 2024 Notes, respectively, and (ii) $9.0 million of net proceeds from the sale of common shares under the 2020 ATM Equity Distribution Agreement.
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Contractual Obligations
The following table represents the Company’s obligations and commitments as of September 30, 2021:
(in thousands) Payments due by period
Contractual Obligations Total 2021 2022 2023 2024 2025 Thereafter
Bank notes payable $ 114,986 $ — $ — $ 114,986 $ — $ — $ —
Securitization notes payable 1
177,602 — — — — — 177,602
Notes due 2024 1
78,250 — — — 78,250 — —
Notes due 2025 1
15,000 — — — — 15,000 —
Notes due 2026 1
115,000 — — — — — 115,000
Employment agreements 1,359 596 763 — — — —
Operating leases 10,634 460 1,876 1,928 1,981 2,035 2,354
Totals $ 512,831 $ 1,056 $ 2,639 $ 116,914 $ 80,231 $ 17,035 $ 294,956
(1) Amounts represent principal only and are not shown net of unamortized debt issuance costs. See NOTE 7—BORROWINGS.

Critical Accounting Policies and Estimates

The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the periods reported. Actual results could materially differ from those estimates. We have identified the following items as critical accounting policies.
Fair Value Measurements

We value investments for which market quotations are readily available at their market quotations. However, a readily available market value is not expected to exist for many of the investments in our portfolio, and we value these portfolio investments at fair value as determined in good faith by our Board under our valuation policy and process. We may seek pricing information with respect to certain of our investments from pricing services or brokers or dealers in order to value such investments. We also employ independent third party valuation firms for certain of our investments for which there is not a readily available market value.

The application of our valuation methods may include comparisons of the portfolio companies to peer companies that are public, the enterprise value of a portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings, discounted cash flow, the markets in which the portfolio company does business and other relevant factors. When an external event such as a purchase transaction, public offering or subsequent equity sale occurs, we will consider the pricing indicated by the external event to corroborate the private equity valuation. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the investments may differ significantly from the values that would have been used had a readily available market value existed for such investments and may differ materially from values that may ultimately be received or settled.

Our Board is ultimately and solely responsible for determining, in good faith, the fair value of investments that are not publicly traded, whose market prices are not readily available on a quarterly basis or any other situation where portfolio investments require a fair value determination.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels for disclosure purposes. The Company carries all investments at fair value. Additionally, the Company carries its servicing assets at fair value. The fair value hierarchy gives the highest priority (Level 1) to quoted prices in active markets for identical assets or liabilities and gives the lowest priority to unobservable inputs (Level 3). An asset or liability’s classification within the fair value hierarchy is based on the lowest level of the significant input to its valuation. The levels of the fair value hierarchy are as follows:
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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.

In December 2020, Rule 2a-5 under the 1940 Act was adopted by the SEC and establishes requirements for determining fair value in good faith for purposes of the 1940 Act. We are evaluating the impact of adopting Rule 2a-5 on the consolidated financial statements and intend to comply with the new rule's requirements on or before the compliance date in September 2022.

Valuation of Investments

Level 1 investments are valued using quoted market prices. Level 2 investments are valued using market consensus prices that are corroborated by observable market data and quoted market prices for similar assets and liabilities. Level 3 investments are valued at fair value as determined in good faith by the Board, based on input of management, the audit committee and independent valuation firms that have been engaged at the direction of the Board to assist in the valuation of certain portfolio investments without a readily available market quotation at least once during a trailing twelve-month period under a valuation policy and a consistently applied valuation process.

When determining fair value of Level 3 debt and equity investments, the Company may take into account the following factors, where relevant: the enterprise value of a portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons to publicly traded securities, and changes in the interest rate environment and the credit markets generally that may affect the price at which similar investments may be made and other relevant factors. The primary methods for determining enterprise value include a discounted cash flow analysis and a multiple analysis whereby appropriate multiples are applied to the portfolio company’s EBITDA or revenue. The enterprise value analysis is performed to determine the value of equity investments and to determine if debt investments are credit impaired. If debt investments are credit impaired, the Company will use the enterprise value analysis or a liquidation basis analysis to determine fair value. For debt investments that are not determined to be credit impaired, the Company uses a market interest rate yield analysis to determine fair value.
In addition, for certain debt investments, the Company may base its valuation on quotes provided by an independent third party broker.

For certain investments, the Company generally calculates the fair value of the investment primarily based on the NAV of the entity and adjusts the fair value for other factors that would affect the fair value of the investment. The Company uses this valuation approach for its investment in NCL.

Due to the inherent uncertainty of determining the fair value of Level 3 investments that do not have a readily available market value, the fair value of the investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be received or settled. Further, such investments are generally subject to legal and other restrictions or otherwise are less liquid than publicly traded instruments. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, the Company may realize significantly less than the value at which such investment had previously been recorded.
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The Company’s investments are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments are traded.

Changes in the market environment, portfolio company performance and other events that may occur over the lives of the investments may cause the gains or losses ultimately realized on these investments to be materially different than the valuations currently assigned. We determine the fair value of each individual investment and record changes in fair value as unrealized appreciation or depreciation. Our investment portfolio is carried on the consolidated statements of assets and liabilities at fair value with any adjustments to fair value recognized as "Net unrealized appreciation (depreciation)" on the consolidated statements of operations until the investment is realized, usually upon exit, resulting in any gain or loss being recognized as a "Net realized gains (losses)."

Our Board has the final responsibility for overseeing, reviewing and approving, in good faith, our determination of the fair value for our investment portfolio and our valuation procedures, consistent with 1940 Act requirements. We believe our investment portfolio as of September 30, 2021 and December 31, 2020 approximates fair value as of those dates based on the markets in which we operate and other conditions in existence on those reporting dates.

Valuation of Servicing Assets

The Company accounts for servicing assets in accordance with ASC 860-50 - Transfers and Servicing - Servicing Assets and Liabilities. Servicing assets are measured at fair value at each reporting date and the Company reports changes in the fair value of servicing assets in earnings in the period in which the changes occur. The valuation model for servicing assets incorporates assumptions including, but not limited to, servicing costs, discount rate, prepayment rate, and default rate. Considerable judgement is required to estimate the fair value of servicing assets and as such these assets are classified as Level 3 in our fair value hierarchy.

Income Recognition
Management reviews all loans that become 90 days or more past due on principal or interest or when there is reasonable doubt that principal or interest will be collected for possible placement on management’s designation of non-accrual status. Interest receivable is analyzed regularly and may be reserved against when deemed uncollectible. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although we may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection.
In addition, under the PPP that began in the second quarter of 2020, the SBA reimbursed the Company for originating loans. Such SBA reimbursements are included as interest income on PPP loans. Such fees are accounted for under ASC-310 Receivables and deferred until the loan was sold to one of our Participants. Income earned in connection with the PPP should not be viewed as recurring. NSBF funded the balance of its PPP loans by the end of July 2021. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans.

We receive servicing income related to the guaranteed portions of SBA loan investments which we sell into the secondary market. These recurring fees are earned and recorded daily. Servicing income is earned for the full term of the loan or until the loan is repaid.

We receive a variety of fees from borrowers in the ordinary course of conducting our business, including packaging fees, legal fees, late fees and prepayment fees. All other income is recorded when earned.
Dividends are recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income is recorded at the time dividends are declared. Distributions of earnings from a portfolio companies are evaluated to determine if the distribution is income, return of capital or realized gain.
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Income Taxes

Deferred tax assets and liabilities are computed based upon the differences between the financial statement and income tax basis of assets and liabilities using the enacted tax rates in effect for the year in which those temporary differences are expected to be realized or settled. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.

The Company’s U.S. federal and state income tax returns prior to fiscal year 2017 are generally closed, and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings.

The Company has elected to be treated as a RIC under the Code beginning with the 2015 tax year and operates in a manner so as to continue to qualify for the tax treatment applicable to RICs. The RIC tax return includes Newtek Business Services Corp. and NSBF, a single member LLC disregarded for tax purposes. None of the Company’s other subsidiaries are included in the RIC tax return. The Company will evaluate and record any deferred tax assets and liabilities of the subsidiaries that are not included in the RIC tax return. In order to maintain its RIC tax treatment, among other things, the Company is required to meet certain source of income and asset diversification requirements and timely distribute to its stockholders at least 90% of investment company taxable income, as defined by the Code, for each tax year. The Company intends to make the requisite distributions to its stockholders, which will generally relieve the Company from U.S. federal income taxes with respect to any income that is distributed to its stockholders as dividends.

Depending on the level of taxable income earned in a tax year, the Company may choose to retain taxable income in excess of current year dividend distributions and would distribute such taxable income in the next tax year. The Company would then pay a 4% excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual taxable income, determined on a calendar year basis, could exceed estimated current calendar year dividend distributions, the Company accrues excise tax, if any, on estimated excess taxable income as taxable income is earned. For the nine months ended September 30, 2021 and 2020, no U.S. federal excise taxes were due.

The Company’s Taxable Subsidiaries accrue income taxes payable based on the applicable corporate rates on the net unrealized appreciation generated by the controlled investments held by the Taxable Subsidiaries. Such deferred tax liabilities amounted to $13.5 million and $11.4 million at September 30, 2021 and December 31, 2020, respectively, and are recorded as deferred tax liabilities on the consolidated statements of assets and liabilities. The change in deferred tax liabilities is included as a component of net unrealized appreciation (depreciation) on investments in the consolidated statements of operations.

Recently Adopted Accounting Pronouncements

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,(“ASU 2020-04”). ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts and transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848),” which expanded the scope of Topic 848 to include derivative instruments impacted by discounting transition. ASU 2020-04 and ASU 2021-01 are effective as of March 12, 2020 through December 31, 2022. ASU No. 2021-01 provides increased clarity as the Company continues to evaluate the transition of reference rates and is currently evaluating the impact of adopting 2021-01 on the consolidated financial statements, however, the impact of the adoption is not expected to be material.The adoption of ASU 2020-04 did not have a material impact on the Company’s consolidated financial statements.

In May 2020, the SEC adopted amendments to the financial disclosure requirements in Regulation S-X including the significance tests in the “significant subsidiary” definition in Rule 1-02(w), Securities Act Rule 405, and Exchange Act Rule 12b-2 to improve their application and to assist registrants in making more meaningful determinations of whether a subsidiary or an acquired or disposed business is significant. In addition, to address the unique attributes of investment companies and business development companies, the SEC updated the significance tests in Rule 1-02(w), Securities Act Rule 405, and Exchange Act Rule 12b-2 by (i) revising the investment test to compare the registrant’s investments in and advances to the acquired or disposed business to the registrant’s aggregate worldwide market value if available; (ii) revising the income test by adding a revenue component; (iii) expanding the use of pro forma financial information in measuring significance; and (iv) conforming, to the extent applicable, the significance threshold and tests for disposed businesses to those used for acquired businesses. The amendment became effective January 1, 2021.

In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables–Nonrefundable
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Fees and Other Costs, (“ASU 2020-08”). This ASU clarifies that an entity should reevaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The adoption of ASU 2020-08 did not have a material impact on its consolidated financial statements since the Company does not have any convertible debt.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 815), (“ASU 2019-12”). ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. ASU 2019-12 also improves the consistent application of, and simplifies, GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The standard is effective for all entities for financial statements issued for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The adoption of ASU 2019-12 did not have a material impact on the Company’s consolidated financial statements.

Off Balance Sheet Arrangements
There were no off balance sheet arrangements as of September 30, 2021.
Recent Developments

Common Stock

From September 1, 2021 through November 11, 2021 the Company sold 1,509,290 shares of its common stock at a weighted average price of $27.33 per share under the 2020 ATM Equity Distribution Agreement. Proceeds, net of offering costs and expenses were $41.3 million. As of November 11, 2021, there were 37,661 shares of common stock available for sale under the 2020 ATM Equity Distribution Agreement.

Dividends

On October 20, 2021, the Company declared a third quarter 2021 cash dividend of $1.05 per share, which is payable on December 30, 2021 to shareholders of record as of December 20, 2021.


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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Uncertainty with respect to the economic effects of the COVID-19 pandemic has introduced significant volatility in the financial markets, and the effect of the volatility could materially impact our market risks, including those listed below.
We consider the principal types of risk in our investing activities to be fluctuations in interest rates and loan portfolio valuations and the availability of the secondary market for our SBA loans. Risk management systems and procedures are designed to identify and analyze our risks, to set appropriate policies and limits and to continually monitor these risks and limits by means of reliable administrative and information systems and other policies and programs.
NSBF primarily lends at an interest rate of prime, which resets on a quarterly basis, plus a fixed margin. The Capital One revolver lines are on a prime plus or minus a fixed factor basis and the securitization notes are at prime or 1 month LIBOR, plus a fixed margin, whichever is less. As a result, the Company believes it has matched its cost of funds to its interest income in its financing activities. However, because of the differential between the amount lent and the smaller amount financed a significant change in market interest rates will have a material effect on our income. In periods of sharply rising interest rates, our cost of funds will increase at a slower rate than the interest income earned on the loans we have originated; this should improve our net investment income, holding all other factors constant. However, a reduction in interest rates will result in the Company experiencing a reduction in investment income; that is, its interest income will decline more quickly than interest expense resulting in a net reduction of benefit to investment income.

NSBF depends on the availability of secondary market purchasers for the guaranteed portions of SBA loans and the premium received on such sales to support its lending operations. Sale prices for guaranteed portions of SBA 7(a) loans could be negatively impacted by market conditions, in particular a higher interest rate environment, which typically lead to higher prepayments during the period, resulting in lower sale prices in the secondary market. A reduction in the price of guaranteed SBA 7(a) loans could negatively impact our business.
We do not have significant exposure to changing interest rates on invested cash (includes cash and cash equivalents and restricted cash) which was approximately $203.1 million at September 30, 2021. We do not purchase or hold derivative financial instruments for trading purposes. All of our transactions are conducted in U.S. dollars and we do not have any foreign currency or foreign exchange risk. We do not trade commodities or have any commodity price risk.

We believe that we have placed our demand deposits, cash investments and their equivalents with high credit-quality financial institutions. As of September 30, 2021, cash deposits in excess of insured amounts totaled approximately $45.2 million.

ITEM 4. CONTROLS AND PROCEDURES.

(a) Evaluation of Disclosure Controls and Procedures:

As of September 30, 2021 (the end of the period covered by this report), we, including our Chief Executive Officer and Chief Accounting Officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act). Based on that evaluation, our management, including our Chief Executive Officer and Chief Accounting Officer, concluded that our disclosure controls and procedures were effective and provided reasonable assurance that information required to be disclosed in our periodic SEC filings is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Accounting Officer, as appropriate, to allow timely decisions regarding required disclosure. However, in evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

(b) Changes in Internal Controls Over Financial Reporting

There has not been any change in our internal controls over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

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PART II

ITEM 1. LEGAL PROCEEDINGS.

In the ordinary course of business, the Company and its wholly-owned portfolio companies may from time to time be party to lawsuits and claims. The Company evaluates such matters on a case by case basis and its policy is to contest vigorously any claims it believes are without compelling merit. The Company is not currently involved in any litigation matters that are expected to have a material impact on the Company’s financial condition. For legal proceedings involving controlled portfolio companies, refer to Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2020.

As a result of a litigation brought by the Federal Trade Commission (the “FTC”) in October 2012, NMS voluntarily entered into, and is presently operating under, a permanent injunction with respect to certain of its business practices.

ITEM 1A. RISK FACTORS.

In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which could materially affect our business, financial condition and/or operating results. The risks described in our Annual Report on Form 10-K are not the only risks we face. Additional risks and uncertainties that are not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results. In addition to the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2020, the following are additional risk factors that we believe are relevant to our business.

RISKS RELATED TO CONVERTING TO A FINANCIAL HOLDING COMPANY

We operate in a highly regulated environment, and if we are found to be in violation of any of the federal, state, or local laws or regulations applicable to us, our business could suffer.

The Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Dodd-Frank Act, was enacted in 2010. The Dodd-Frank Act significantly changed federal financial services regulation and affects, among other things, the lending, deposit, investment, trading, and operating activities of financial institutions and their holding companies. In addition to the statutory requirements under the Dodd-Frank Act, the legislation also delegated authority to US banking, securities and derivatives regulators to impose additional restrictions through required rulemaking. The Dodd-Frank Act requires a company that owns an bank to serve as a “source of strength” to the institution. We believe that we have the ability to serve in the future as a source of strength to our NBNYC, subject to the relevant Regulatory Approvals and required shareholder approval to withdraw our election as a BDC. A company that owns a bank is also subject to the Dodd-Frank Act “Volcker Rule.” We do not believe that the “Volcker Rule” materially impacts our operations as presently conducted.

For so long as we remain a BDC, the 1940 Act imposes numerous constraints on our operations. For a discussion of those constraints. See “Item 1. Business — Regulation” in our Annual Report on Form 10-K, filed March 29, 2021. Any failure to comply with the requirements imposed on BDCs by the 1940 Act, if applicable, could have material adverse consequences to us or our investors, including possible enforcement action by the SEC.

Other changes in the laws or regulations applicable to us more generally, may negatively impact the profitability of our business activities, require us to change certain of our business practices, materially affect our business model, limit the activities in which we may engage, affect retention of key personnel, require us to raise additional regulatory capital, increase the amount of liquid assets that we hold, otherwise affect our funding profile or expose us to additional costs (including increased compliance costs). Any such changes may also require us to invest significant management attention and resources to make any necessary changes and may adversely affect our ability to conduct our business as previously conducted or our results of operations or financial condition.

We are also subject to, and may become subject to, a wide range of federal, state, and local laws and regulations, such as local licensing requirements, and retail financing, debt collection, consumer protection, environmental, health and safety, creditor, wage-hour, anti-discrimination, whistleblower and other employment practices laws and regulations and we expect these costs to increase going forward. The violation of these or future requirements or laws and regulations could result in administrative, civil, or criminal sanctions against us, which may include fines, a cease and desist order against the subject operations or even revocation or suspension of our license to operate the subject business. As a result, we have incurred and may incur increased capital and operating expenditures and other costs to comply with these requirements and laws and regulations .

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Changes in laws, regulations, or policies may adversely affect our business.

We are unable to predict all of the ways in which this change in the regulatory environment could impact our anticipated business models or objectives. The laws and regulations governing lending, servicing, and debt collection activities or the regulatory or enforcement environment at the federal level or in any of the states in which we anticipate operating may change at any time which may have an adverse effect on our current or anticipated business.

We are unable to predict how future legislative proposals or programs will be administered or implemented or in what form, or whether any additional or similar changes to statutes or regulations, including the interpretation or implementation thereof, will occur in the future. Any such action could affect us in substantial and unpredictable ways and could have an adverse effect on our anticipated business operations.

Our inability to comply with regulatory requirements in a particular jurisdiction could have a material adverse effect on our anticipated operations in that market and on our reputation generally. No assurance can be given that applicable laws or regulations will not be amended or construed differently or that new laws and regulations will not be adopted, either of which could materially adversely affect our anticipated business.

We will become subject to extensive regulation and supervision upon becoming a financial holding company, which may adversely affect our business.

Upon becoming a financial holding company, we will become subject to a wide range of statutory and regulatory restrictions and requirements that will affect many aspects of our business, including our lending practices, capital structure, investment practices, dividend policy and growth. We may be required to restructure, terminate or divest certain of our businesses to comply with applicable requirements, which may impose additional costs and adversely affect our business, results of operations or financial condition. Failure to comply with laws, regulations, policies or other regulatory guidance could result in civil or criminal sanctions by regulatory agencies, civil monetary penalties and damage to our reputation. In addition, we will be required to serve as a “source of strength” to NBNYC. A company that owns a bank is also subject to the Dodd-Frank Act “Volcker Rule.” We do not believe that the “Volcker Rule” materially impacts our operations as presently conducted.

Congress and federal regulatory agencies continually review banking laws, regulations, policies and other supervisory guidance for possible changes. Other changes in the laws or regulations that will be applicable to us as a financial holding company, including changes in the interpretation or implementation of those regulations or policies, may negatively impact the profitability of our business activities, require us to change certain of our business practices, materially affect our business model, limit the activities in which we may engage, affect retention of key personnel, require us to raise additional regulatory capital, increase the amount of liquid assets that we hold, otherwise affect our funding profile or expose us to additional costs (including increased compliance costs). Any such changes may also require us to invest significant management attention and resources to make any necessary changes and may adversely affect our ability to conduct our business as previously conducted or our results of operations or financial condition.

Federal law may discourage certain acquisitions of our common stock which could have a material adverse effect on our shareholders.

Federal law may make it more difficult for someone to acquire our common stock in certain circumstances. Under federal law and subject to certain exemptions, a person, entity or group must notify the federal banking agencies before acquiring control of a bank holding company. An acquisition of 10% or more of any class of voting stock of a bank holding company generally creates a rebuttable presumption that the acquirer “controls” the bank holding company. In addition, a bank holding company must obtain the prior approval of the Board of Governors of the Federal Reserve System before, among other things, acquiring direct or indirect ownership or control of more than 5 percent of the voting shares of any bank, including NBNYC. If the transaction is consummated, investors will be responsible for ensuring that they do not, directly or indirectly, acquire shares of our common stock in excess of the amount which can be acquired without regulatory approval. These provisions could delay or prevent a third party from acquiring us, despite the possible benefit to our shareholders, or otherwise adversely affect the market price of our common stock.

If we withdraw the Company’s election to be regulated as a BDC in the future, we will no longer be subject to regulation under the 1940 Act.

As part of our plan to reposition the Company as a bank holding company, we intend to ask our shareholders to approve the proposal to withdraw our election to be regulated as a BDC under the 1940 Act. If our shareholders approve the withdrawal of our BDC election, we will, effective upon receipt by the SEC of our application for withdrawal, no longer be regulated as a BDC and will no longer be subject to the regulatory provisions of the 1940 Act, which is designed to protect the interests of investors in investment companies, including certain laws and regulations related to insurance, custody, capital structure, composition of the Board of Directors, affiliated transactions, leverage limitations, and compensation arrangements.
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The withdrawal of the Company’s election to be regulated as a BDC would result in a significant change in our accounting and financial reporting requirements.

If the Company withdraws its election to be regulated as a BDC, the Company would no longer be subject to FASB Accounting Standards Codification Topic 946, Financial Services – Investment Companies, which would result in a significant change in our accounting and financial reporting requirements. Our financial statements are currently presented and accounted for under the specialized method of accounting applicable to investment companies, which requires us to recognize our investments, including controlled investments, at fair value. As a BDC, we are currently precluded from consolidating any entity other than another investment company that acts as an extension of our investment operations and facilitates the execution of our investment strategy or an investment in a controlled operating company that provides substantially all of its services to us. Our financial statements currently consolidate the accounts of the Company and NSBF, and excludes other wholly-owned portfolio investments. Our financial statements reflect our investments at fair value, as determined in good faith by our Board of Directors. Certain of our portfolio companies’ financial statements are separately provided as significant unconsolidated wholly-owned subsidiaries. If the Company withdraws its election to be regulated as a BDC, the Company expects that it will be required to consolidate the financial statements of certain of its controlled or majority-owned portfolio investments together with those of the Company, which would be a significant change in our accounting and financial reporting requirements.

Our shareholders would no longer have the protections of the 1940 Act upon the withdrawal of the Company’s election to be regulated as a BDC.

If the Company ceases to operate as a BDC, our shareholders would no longer have the following protections of the 1940 Act:

• we would no longer be subject to the requirement under the 1940 Act that we maintain a ratio of assets to senior securities of at least 150%;
• we would no longer be subject to provisions of the 1940 Act prohibiting us from protecting any director or officer against any liability to the Company or our shareholders arising from willful malfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of that person’s office;
• we would no longer be required to provide and maintain an investment company blanket bond issued by a reputable fidelity insurance company to protect us against larceny and embezzlement;
• while the majority of our directors would still be required to be “independent” under applicable NASDAQ regulations, we would no longer be required to ensure that a majority of our directors are persons who are not “interested persons,” as defined in the 1940 Act, and certain persons who would be prevented from serving on our Board of Directors if we were a BDC would be able to serve on our Board of Directors;
• we would no longer be subject to provisions of the 1940 Act regulating transactions between BDCs and certain affiliates;
• we would no longer be subject to provisions of the 1940 Act restricting our ability to issue shares below net asset value or in exchange for services or to issue warrants and options;
• we would no longer be required to disclose the Company’s net asset value per share in our financial statements;
• we would no longer be subject to provisions of the 1940 Act restricting our ability to change the nature of our business or fundamental investment policies without having to obtain the approval of our shareholders;
• we would no longer be subject to the provisions of the 1940 Act limiting our ability to grant stock based compensation to officers, directors and employees or to provide a profit sharing program for them; and
• we would no longer be subject to the other protective provisions set out in the 1940 Act and the rules and regulations promulgated under the 1940 Act.

In addition, we are very much affected by the legal, regulatory, tax and accounting regimes under which we operate. We periodically evaluate whether those regimes and our existing corporate structure are the optimum means for the operation and capitalization of our business. As a result of these evaluations, we may decide to proceed with structural and organizational changes (certain of which may require the approval of our shareholders), which could result in material dispositions of various assets, changes in our corporate form or other fundamental changes. We may incur certain costs in completing these evaluations and may receive no benefit from these expenditures, particularly if we do not proceed with any changes.

Loss of pass-through tax treatment would substantially reduce net assets and income available for dividends.

We have operated so as to qualify as a RIC. If we meet source of income, diversification and distribution requirements, we will qualify for effective pass-through tax treatment. Upon withdrawing our election to be regulated as a BDC, we would cease to qualify for such pass-through tax treatment. If we fail to qualify as a RIC, we will have to pay corporate-level taxes on all of our income whether or not we distribute it, which would substantially reduce the amount of income available for distribution to our shareholders, and all of our distributions will be taxed to our shareholders as ordinary corporate distributions.

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RISKS RELATED TO SBA LENDING

Curtailment of the government-guaranteed loan programs could adversely affect our results of operations.

Although the program has been in existence since 1953, there can be no assurance that the federal government will maintain the SBA 7(a) loan program, or that it will continue to guarantee loans at current levels. Furthermore, in an effort to support our communities during the pandemic, we participated in the PPP under the CARES Act whereby loans to small businesses were made and those loans are subject to the regulatory requirements that would require forbearance of loan payments for a specified time or that would limit our ability to pursue all available remedies in the event of a loan default. If the borrower under the PPP loan fails to qualify for loan forgiveness, we are at the heightened risk of holding these loans at unfavorable interest rates as compared to the loans to customers that we would have otherwise extended credit. If we cannot continue originating and selling government-guaranteed loans, we will generate fewer origination fees and our ability to generate gains on the sale of loans will decrease. From time-to-time, the government agencies that guarantee these loans reach their internal budgeted limits and cease to guarantee loans for a stated time period. In addition, these agencies may change their rules for extending loans. Also, Congress may adopt legislation that would have the effect of discontinuing or changing the SBA’s programs. Non-governmental programs could replace government programs for some borrowers, but the terms might not be equally acceptable. If these changes occur, the volume of loans to SMBs and industrial borrowers of the types that now qualify for government-guaranteed loans could decline, as could the profitability of these loans.

Curtailment of our ability to utilize the SBA 7(a) Loan Program by the Federal government could adversely affect our results of operations.

We are dependent upon the federal government to maintain the SBA 7(a) Program. There can be no assurance that the program will be maintained or that loans will continue to be guaranteed at current levels. From time-to-time the SBA has reached its internal budgeted limits and ceased to guarantee loans for a stated period of time. In addition, the SBA may change its rules regarding loans or Congress may adopt legislation or fail to approve a budget that would have the effect of discontinuing, reducing availability of funds for, or changing loan programs. Non-governmental programs could replace government programs for some borrowers, but the terms might not be equally acceptable. If these changes occur, the volume of loans to small businesses that now qualify for government guaranteed loans could decline, as could the profitability of these loans.

A governmental failure to fund the SBA could adversely affect NSBF’s SBA 7(a) loan originations and our results of operations.

We are dependent upon the Federal government to maintain the SBA 7(a) Program. NSBF’s lending business could be materially and adversely affected by circumstances or events limiting the availability of funds for this program. In October 2013, Congress failed to approve a budget, which, in turn, eliminated availability of funds for the SBA 7(a) program. At the time, the government shutdown affected SBA 7(a) lenders’ ability to originate SBA 7(a) loans. More recently, the government shut down in January 2018 due to a lapse in appropriations, and the SBA closed all non-disaster related programs and activities, including the SBA 7(a) program. The government could again fail to fund the SBA which would affect NSBF’s ability to originate government guaranteed loans and to sell the government guaranteed portions of those loans in the secondary market. Any failure to fund the SBA could adversely affect NSBF’s SBA 7(a) loan originations and our results of operations.

Moreover, due to what has been described as a technical drafting error, the CARES Act and the PPP did not initially create separate authorization levels for the SBA 7(a) program and the PPP, which could have left the SBA 7(a) program temporarily unfunded. The error was corrected with the July 4, 2020 extension of the PPP; however, if the SBA 7(a) program were to become unfunded, NSBF will not be able to originate SBA 7(a) loans until such funding is restored.

As a participating lender in the SBA Paycheck Protection Program (“PPP”), the Company and NSBF are subject to additional credit risks and risks of litigation from NSBF’s customers or other parties regarding NSBF’s processing of loans for the PPP and risks that the SBA may not fund some or all PPP loan guaranties.

On March 27, 2020, President Trump signed the CARES Act, which included a $349 billion loan program administered through the SBA referred to as the PPP. Under the PPP, small businesses and other entities and individuals can apply for loans from existing SBA lenders and other approved regulated lenders that enroll in the program, subject to numerous limitations and eligibility criteria. After the $349 billion earmarked for the PPP was exhausted on or about April 16, 2020, Congress subsequently approved additional funding for the PPP of approximately $320 billion on April 24, 2020. The first round of the PPP closed on August 8, 2020. Congress then enacted the Economic Aid Act on December 27, 2020, which provided funding for PPP loans through March 31, 2021 and subsequently enacted the PPP Extension Act of 2021, which further extended the PPP through May 31, 2021. On May 4, 2021, the SBA announced that PPP funding had been exhausted; however, borrowers
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with approved PPP loans (i.e., PPP loans with an assigned SBA loan number) could continue to have their PPP loans closed and funded by lenders. NSBF funded the balance of its PPP loans by the end of July 2021. During the duration of the PPP through November 11, 2021, NSBF funded approximately 26,190 PPP loans totaling $1.9 billion.

Since the opening of the PPP, several large banks participating in the PPP have been subject to litigation regarding the process and procedures that such banks have used in processing applications for the PPP. The Company and NSBF may be exposed to the risk of litigation, from both customers and non-customers that approached the Company and NSBF regarding PPP loans, regarding its process and procedures used in processing applications for the PPP. If any such litigation is filed against the Company or NSBF and is not resolved in a manner favorable to the Company or NSBF, it may result in significant financial liability or adversely affect the Company’s or NSBF’s reputation. In addition, litigation can be costly, regardless of outcome. Any financial liability, litigation costs or reputational damage caused by PPP related litigation could have a material adverse impact on our business, financial condition and results of operations.

Moreover, after the PPP launched, rules and guidance regarding the PPP were not readily available at the start of the program, and the SBA and other government agencies continue to release additional rules and guidance that change or update the requirements and expectations of the regulatory agencies administering the PPP and regulating participating lenders. As of the date of this report, there remains some ambiguity in the laws, rules, and guidance regarding the operation of the PPP, with a number of important aspects of the PPP where regulatory agencies have not provided adequate or complete guidance, particularly with respect to process, procedures and criteria for forgiveness and servicing of PPP loans.

NSBF also has credit risk on PPP loans if a determination is made by the SBA that there is a deficiency in the manner in which a PPP loan was originated, funded, or serviced by NSBF, such as an issue with the eligibility of a borrower to receive a PPP loan, which may or may not be related to the ambiguity in the laws, rules and guidance regarding the operation of the PPP or additional or new laws, rules, and guidance. In the event of a loss resulting from a default on a PPP loan and a determination by the SBA that there was a deficiency in the manner in which the PPP loan was originated, funded, or serviced by NSBF, the SBA may deny its liability under the guaranty, reduce the amount of the guaranty, or, if it has already paid under the guaranty, seek recovery of any loss related to the deficiency from the Company.

In addition, in order to facilitate NSBF’s involvement as an authorized lender in the PPP, during the second quarter of 2020, NSBF entered into PPP loan participation agreements where NSBF originated PPP loans and sold participating interests to four banks. See “PPP Loan Participations.” In accordance with the terms of the PPP participation agreements and SBA regulations and guidance, NSBF, as the originating lender, must continue to hold the PPP loan note, the PPP loan documents and service the PPP loan (i.e., retain all servicing rights). Moreover, as the originating lender, NSBF is the party responsible to the SBA with respect to all servicing actions, including requests for advance purchases and loan forgiveness, and will be the party eligible for the guarantee purchase of the PPP loan. NSBF has agreed that it will repurchase from the Participants on demand the Participants’ Percentage of any outstanding principal and interest under the applicable PPP Loan under certain standard representations and warranties, including in the event of a loss due to fraud, gross negligence or willful misconduct on the part of NSBF or any failure to recover under the SBA guarantee as a result of any deficiency in documenting or servicing such PPP Loan by NSBF.

RISKS RELATED TO OUR INVESTMENTS

The interest rates of our term loans to our portfolio companies that extend beyond 2021 might be subject to change based on recent regulatory changes, including the decommissioning of LIBOR.

LIBOR is the basic rate of interest used in lending transactions between banks on the London interbank market and is widely used as a reference for setting the interest rate on loans globally. We typically use LIBOR as a reference rate in term loans we extend to portfolio companies such that the interest due to us pursuant to a term loan extended to a portfolio company is calculated using LIBOR. The terms of our debt investments generally include minimum interest rate floors which are calculated based on LIBOR.

On March 5, 2021, the United Kingdom’s Financial Conduct Authority (the “FCA”), which regulates LIBOR, announced that (i) 24 LIBOR settings would cease to exist immediately after December 31, 2021 (all seven euro LIBOR settings; all seven Swiss franc LIBOR settings; the Spot Next, 1-week, 2-month, and 12-month Japanese yen LIBOR settings; the overnight, 1-week, 2-month, and 12-month sterling LIBOR settings; and the 1-week and 2-month US dollar LIBOR settings); (ii) the overnight and 12-month US LIBOR settings would cease to exist after June 30, 2023; and (iii) the FCA would consult on whether the remaining nine LIBOR settings should continue to be published on a synthetic basis for a certain period using the FCA’s proposed new powers that the UK government is legislating to grant to them.

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To identify a successor rate for U.S. dollar LIBOR, the Alternative Reference Rates Committee (“ARRC”), a U.S.-based group convened by the U.S. Federal Reserve Board and the Federal Reserve Bank of New York, was formed. The ARRC identified the Secured Overnight Financing Rate (“SOFR”) as its preferred alternative rate for LIBOR. SOFR is a measure of the cost of borrowing cash overnight, collateralized by U.S. Treasury securities, and is based on directly observable U.S. Treasury-backed repurchase transactions. On July 29, 2021, the ARCC formally recommended SOFR as its preferred alternative replacement rate for LIBOR. It is not possible to predict the effect of any such changes, any establishment of alternative reference rates or other reforms to LIBOR that may be enacted in the United States, United Kingdom or elsewhere or, whether the COVID-19 outbreak will have further effect on LIBOR transition plans.

The elimination of LIBOR or any other changes or reforms to the determination or supervision of LIBOR could have an adverse impact on the market and/or transferability of value of any LIBOR-linked securities, loans, and other financial obligations or extensions of credit held by or due to us or on our overall financial condition or results of operations. In addition, while the majority of our LIBOR-linked loans contemplate that LIBOR may cease to exist and allow for amendment to a new base rate without the approval of 100% of the lenders we will still need to renegotiate the credit agreements extending beyond 2021 with our portfolio companies that utilize LIBOR as a factor in determining the interest rate, in order to replace LIBOR with the new standard that is established, which may have an adverse effect on our overall financial condition or results of operations. Following the replacement of LIBOR, some or all of these credit agreements may bear interest at a lower interest rate, which could have an adverse impact on the value and liquidity of our investment in these portfolio companies and our results of operations. Moreover, we may need to renegotiate certain terms of our credit facilities. If we are unable to do so, amounts drawn under our credit facilities may bear interest at a higher rate, which would increase the cost of our borrowings and, in turn, affect our results of operations.

Our ability to enter into transactions involving derivatives and financial commitment transactions may be limited.

In November 2020, the SEC adopted new rules regarding the ability of a BDC (or a registered investment company) to use derivatives and other transactions that create future payment or delivery obligations. BDCs that use derivatives would be subject to a value-at-risk leverage limit, certain other derivatives risk management program and testing requirements and requirements related to board reporting. These new requirements would apply unless the BDC qualified as a “limited derivatives user,” as defined in the SEC’s adopted rules. A BDC that enters into reverse repurchase agreements or similar financing transactions would need to aggregate the amount of indebtedness associated with the reverse repurchase agreements or similar financing transactions could either (i) comply with the asset coverage requirements of the Section 18 of the 1940 Act when engaging in reverse repurchase agreements or (ii) choose to treat such agreements as derivative transactions under the adopted rule. Under the adopted rule, a BDC may enter into an unfunded commitment agreement that is not a derivatives transaction, such as an agreement to provide financing to a portfolio company, if the BDC has a reasonable belief, at the time it enters into such an agreement, that it will have sufficient cash and cash equivalents to meet its obligations with respect to all of its unfunded commitment agreements, in each case as it becomes due. If the BDC cannot meet this test, it is required to treat unfunded commitments as a derivatives transaction subject to the requirements of the rule. Collectively, these requirements may limit our ability to use derivatives and/or enter into certain other financial contracts.

To the extent we borrow money to finance our investments, changes in interest rates will affect our cost of capital and net investment income.

To the extent we borrow money to finance investments, our net investment income will depend, in part, upon the difference between the rate at which we borrow funds and the rate at which we invest those funds. As a result, we can offer no assurance that a significant change in market interest rates will not have a material adverse effect on our net investment income in the event we borrow money to finance our investments. In periods of rising interest rates, our cost of funds would increase, which could reduce our net investment income. We expect that our long-term fixed-rate investments will be financed primarily with equity and/or long-term debt. We may use interest rate risk management techniques in an effort to limit our exposure to interest rate fluctuations. Such techniques may include various interest rate hedging activities to the extent permitted by the 1940 Act. If we do not implement these techniques properly, we could experience losses on our hedging positions, which could be material. In addition, depending on the frequency and magnitude of rising interest rates, these interest rate increases could negatively impact premiums received on the sale of guaranteed SBA loans, and further, could increase prepayment speeds on outstanding SBA loans, potentially negatively impacting the Company’s financial results.

We may expose ourselves to risks if we engage in hedging transactions.

If we engage in hedging transactions, we may expose ourselves to certain risks associated with such transactions. We may utilize instruments such as forward contracts, currency options and interest rate swaps, caps, collars and floors to seek to hedge against fluctuations in the relative values of our portfolio positions from changes in market interest rates. Hedging against a decline in the values of our portfolio positions does not eliminate the possibility of fluctuations in the values of such positions or prevent losses if the values of such positions decline. However, such hedging can establish other positions designed to gain
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from those same developments, thereby offsetting the decline in the value of such portfolio positions. Such hedging transactions may also limit the opportunity for gain if the values of the underlying portfolio positions increase. It may not be possible to hedge against an exchange rate or interest rate fluctuation that is so generally anticipated that we are not able to enter into a hedging transaction at an acceptable price. Moreover, for a variety of reasons, we may not seek to establish a perfect correlation between such hedging instruments and the portfolio holdings being hedged. Any such imperfect correlation may prevent us from achieving the intended hedge and expose us to risk of loss. In addition, it may not be possible to hedge fully or perfectly against interest rate fluctuations affecting the value of securities in our portfolio.

The elimination of LIBOR or any other changes or reforms to the determination or supervision of LIBOR could have an adverse impact on the market value of and/or transferability of any LIBOR-linked securities, loans, and other financial obligations or extensions of credit held by or due to us or on our overall financial condition or results of operations. In addition, while the majority of our LIBOR-linked loans contemplate that LIBOR may cease to exist and allow for amendment to a new base rate without the approval of 100% of the lenders, if LIBOR ceases to exist, we will still need to renegotiate the credit agreements extending beyond 2021 with our portfolio companies that utilize LIBOR as a factor in determining the interest rate, in order to replace LIBOR with the new standard that is established, which may have an adverse effect on our overall financial condition or results of operations. Following the replacement of LIBOR, some or all of these credit agreements may bear interest at a lower interest rate, which could have an adverse impact on the value and liquidity of our investment in these portfolio companies and, as a result on our results of operations. Moreover, if LIBOR ceases to exist, we may need to renegotiate certain terms of our credit facilities. If we are unable to do so, amounts drawn under our credit facilities may bear interest at a higher rate, which would increase the cost of our borrowings and, in turn, affect our results of operations.

We cannot predict how new tax legislation will affect us, our investments, or our stockholders, and any such legislation could adversely affect our business.

Legislative or other actions relating to taxes could have a negative effect on us. The rules dealing with U.S. federal income taxation are constantly under review by persons involved in the legislative process and by the Internal Revenue Service and the U.S. Treasury Department. The Biden Administration has proposed significant changes to the existing U.S. tax rules, and there are a number of proposals in Congress that would similarly modify the existing U.S. tax rules. The likelihood of any such legislation being enacted is uncertain, but new legislation and any U.S. Treasury regulations, administrative interpretations or court decisions interpreting such legislation could significantly and negatively affect our ability to qualify for tax treatment as a RIC or the U.S. federal income tax consequences to us and our investors of such qualification, or could have other adverse consequences. Investors are urged to consult with their tax advisor regarding tax legislative, regulatory, or administrative developments and proposals and their potential effect on an investment in our common stock.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

We issue shares of common stock that are not subject to the registration requirements of the Securities Act in connection with the DRIP. During the three and nine months ended September 30, 2021 we issued 10,000 and 22,000 shares of common stock, respectively, valued at $0.3 million and $0.6 million, respectively to shareholders in connection with the DRIP. During the three and nine months ended September 30, 2020 we issued 13,100 and 44,100 shares of common stock, respectively, valued at $0.2 million and $0.7 million, respectively to shareholders in connection with the DRIP.

We also issue shares of common stock that are not subject to the registration requirements of the Securities Act in connection with dividends on unvested restricted stock awards. During the three and nine months September 30, 2021 we issued an additional 1,200 and 7,600 shares, respectively, valued at $0.02 million and $0.2 million, respectively, related to dividends on unvested restricted stock awards. During the three and nine months ended September 30, 2020 we issued an additional 9,600 and 18,200 shares, respectively, valued at $0.2 million and $0.3 million, respectively, related to dividends on unvested restricted stock awards.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

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None.

ITEM 6. EXHIBITS.
Number Description
* Filed herewith
** Furnished herewith
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NEWTEK BUSINESS SERVICES CORP.
Date: November 12, 2021 By:
/ S /    B ARRY S LOANE
Barry Sloane
Chief Executive Officer, President and Chairman of the Board
(Principal Executive Officer)
Date: November 12, 2021 By:
/ S /    N ICHOLAS L EGER
Nicholas Leger
Chief Accounting Officer
(Principal Financial Officer and Principal Accounting Officer)


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TABLE OF CONTENTS
Note 1 Description Of Business and Basis Of Presentation:Note 2 Significant Accounting Policies:Note 3 Investments:Note 4 Transactions with Affiliated Companies and Related Party Transactions:Note 5 Servicing Assets:Note 6 Fair Value Measurements:Note 7 Borrowings:Note 8 Derivative Instruments:Note 9 Commitments and Contingencies:Note 10 Financial Highlights:Note 11 Stock Based Compensation:Note 12 Common Stock:Note 13 Earnings Per Share:Note 14 Leases:Note 15 Dividends and Distributions:Note 16 Supplemental Financial Data:Note 17 Subsequent Events:Item 2. Management's Discussion and Analysis Of Financial Condition and Results Of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPart IIItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales Of Equity Securities and Use Of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. Exhibits

Exhibits

3.1 Amended and Restated Articles of Incorporation of Newtek (Incorporate by reference to Exhibit A to Newteks Pre-Effective Amendement No. 3 to its Registration Statement on Form N-2, No. 333-191499, filed November 3, 2014.) 3.2 Bylaws of Newtek (Incorporated by reference to Exhibit 2 to Newteks Registration Statement on Form N-14, No. 333-195998, filed September 24, 2014). 10.1* Mortgage Warehouse Loan and Security Agreement, by and between NBL SPV III, LLC and One Florida Bank, dated September 21, 2021 filed herewith. 10.2* Master Repurchase Agreement, by and between NBL SPV II, LLC and Deutsche Bank AG, dated March 18, 2021 filed herewith. 10.3* Form of Indemnification Agreement - Peter Downs, filed herewith. 10.4* Form of Indemnification Agreement - Salvatore Mulia, filed herewith. 10.5* Form of Indemnification Agreement - Richard Salute, filed herewith. 10.6* Form of Indemnification Agreement - Barry Sloane, filed herewith. 10.7* Form of Indemnification Agreement - Gregory Zink, filed herewith. 10.8* Form of Indemnification Agreement - Halli Razon, filed herewith. 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 pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 filed herewith. 32.2** Certification by 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.