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 June 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 August 12, 2021, there were 22,547,348 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 June 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 | ||||
| 2010-1 Trust | Newtek Small Business Loan Trust, Series 2010-1, terminated in March 2019 | ||||
| 2013-1 Trust | Newtek Small Business Loan Trust, Series 2013-1, terminated in October 2018 | ||||
| 2014-1 Trust | Newtek Small Business Loan Trust, Series 2014-1, terminated in July 2019 | ||||
| 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 Facility | Revolving Credit and Security Agreement between NBL SPV1, LLC, a wholly-owned subsidiary of NBL, and Capital One | ||||
| 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 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 wholly-owned controlled portfolio company | ||||
| 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) | |||||||||||
| June 30, 2021 | December 31, 2020 | ||||||||||
| ASSETS | (Unaudited) | ||||||||||
| Investments, at fair value | |||||||||||
| SBA unguaranteed non-affiliate investments (cost of $424,795 and $420,400, respectively; includes $290,269 and $312,649, respectively, related to securitization trusts) | $ | 413,728 | $ | 407,748 | |||||||
| SBA guaranteed non-affiliate investments (cost of $33,176 and $16,964, respectively) | 36,449 | 17,822 | |||||||||
| Controlled investments (cost of $144,286 and $138,891, respectively) | 239,021 | 239,171 | |||||||||
| Non-control investments (cost of $6,415 and $6,447, respectively) | 6,939 | 6,447 | |||||||||
| Total investments at fair value | 696,137 | 671,188 | |||||||||
| Cash | 18,798 | 2,073 | |||||||||
| Restricted cash | 129,765 | 49,352 | |||||||||
| Broker receivable | 35,102 | 52,730 | |||||||||
| Due from related parties | 7,162 | 6,112 | |||||||||
| Servicing assets, at fair value | 27,380 | 26,061 | |||||||||
| Right of use assets | 7,909 | 6,933 | |||||||||
| Other assets | 25,077 | 26,530 | |||||||||
| Total assets | $ | 947,330 | $ | 840,979 | |||||||
| LIABILITIES AND NET ASSETS | |||||||||||
| Liabilities: | |||||||||||
| Bank notes payable | $ | 45,000 | $ | 86,339 | |||||||
| Notes due 2023 (par: $0 and $57,500 as of June 30, 2021 and December 31, 2020, Note 7) | — | 56,505 | |||||||||
| Notes due 2024 (par: $78,250 and $63,250 as of June 30, 2021 and December 31, 2020, Note 7) | 76,888 | 61,774 | |||||||||
| Notes due 2025 (par: $15,000 and $5,000 as of June 30, 2021 and December 31, 2020, Note 7) | 14,486 | 4,735 | |||||||||
| Notes due 2026 (par: $115,000 and $0 as of June 30, 2021 and December 31, 2020, Note 7) | 111,769 | — | |||||||||
| Notes payable - Securitization trusts (par: $192,983 and $221,752 as of June 30, 2021 and December 31, 2020, Note 7) | 190,016 | 218,339 | |||||||||
| Notes payable - related parties | 9,550 | 24,090 | |||||||||
| Due to related parties | 2,558 | 2,133 | |||||||||
| Lease liabilities | 9,676 | 8,697 | |||||||||
| Deferred tax liabilities | 10,683 | 11,406 | |||||||||
| Due to participants | 95,927 | 17,885 | |||||||||
| Derivative instruments (Note 8) | 37 | — | |||||||||
| Accounts payable, accrued expenses and other liabilities | 11,738 | 9,723 | |||||||||
| Total liabilities | 578,328 | 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, 22,530 and 21,970 issued and outstanding, respectively) | 451 | 439 | |||||||||
| Additional paid-in capital | 325,775 | 316,629 | |||||||||
| Accumulated undistributed earnings | 42,776 | 22,285 | |||||||||
| Total net assets | 369,002 | 339,353 | |||||||||
| Total liabilities and net assets | $ | 947,330 | $ | 840,979 | |||||||
| Net asset value per common share | $ | 16.38 | $ | 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 June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| Investment income | |||||||||||||||||||||||
| From non-affiliate investments: | |||||||||||||||||||||||
| Interest income - PPP loans | $ | 25,512 | $ | 34,657 | $ | 49,720 | $ | 34,657 | |||||||||||||||
| Interest income - SBA 7(a) loans | 6,248 | 6,189 | 12,197 | 13,511 | |||||||||||||||||||
| Servicing income | 2,787 | 2,777 | 5,527 | 5,492 | |||||||||||||||||||
| Other income | 1,269 | 303 | 2,383 | 1,209 | |||||||||||||||||||
| Total investment income from non-affiliate investments | 35,816 | 43,926 | 69,827 | 54,869 | |||||||||||||||||||
| From non-control investments: | |||||||||||||||||||||||
| Interest income | 124 | — | 248 | — | |||||||||||||||||||
| Dividend income | 21 | 20 | 47 | 40 | |||||||||||||||||||
| Total investment income from non-control investments | 145 | 20 | 295 | 40 | |||||||||||||||||||
| From controlled investments: | |||||||||||||||||||||||
| Interest income | 576 | 480 | 1,109 | 937 | |||||||||||||||||||
| Dividend income | 51 | 2,268 | 51 | 6,650 | |||||||||||||||||||
| Total investment income from controlled investments | 627 | 2,748 | 1,160 | 7,587 | |||||||||||||||||||
| Total investment income | 36,588 | 46,694 | 71,282 | 62,496 | |||||||||||||||||||
| Expenses: | |||||||||||||||||||||||
| Salaries and benefits | 5,926 | 3,740 | 10,376 | 7,187 | |||||||||||||||||||
| Interest | 4,968 | 4,604 | 10,040 | 9,788 | |||||||||||||||||||
| Depreciation and amortization | 79 | 104 | 164 | 219 | |||||||||||||||||||
| Professional fees | 859 | 1,207 | 2,047 | 2,171 | |||||||||||||||||||
| Origination and loan processing | 2,998 | 2,722 | 5,969 | 4,546 | |||||||||||||||||||
| Origination and loan processing - related party | 4,510 | 3,095 | 7,653 | 5,733 | |||||||||||||||||||
| Change in fair value of contingent consideration liabilities | — | — | — | 54 | |||||||||||||||||||
| Loss on extinguishment of debt | — | — | 955 | — | |||||||||||||||||||
| Other general and administrative costs | 1,706 | 1,475 | 3,341 | 3,333 | |||||||||||||||||||
| Total expenses | 21,046 | 16,947 | 40,545 | 33,031 | |||||||||||||||||||
| Net investment income | 15,542 | 29,747 | 30,737 | 29,465 | |||||||||||||||||||
| Net realized and unrealized gains (losses): | |||||||||||||||||||||||
| Net realized gain (loss) on non-affiliate investments - SBA 7(a) loans | 11,414 | (1,214) | 18,807 | 3,299 | |||||||||||||||||||
| Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments | (1,983) | (200) | 2,410 | (383) | |||||||||||||||||||
| Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments | 198 | (1,633) | 1,585 | (6,144) | |||||||||||||||||||
| Net unrealized depreciation on controlled investments | (7,920) | (82) | (5,545) | (10,871) | |||||||||||||||||||
| Change in deferred taxes | 1,356 | 29 | 723 | 2,940 | |||||||||||||||||||
| Net unrealized appreciation (depreciation) on non-control investments | (3) | — | 524 | 0 | |||||||||||||||||||
| Net unrealized depreciation on servicing assets | (1,193) | (1,180) | (1,706) | (92) | |||||||||||||||||||
| Net unrealized depreciation on derivative transactions | (37) | — | (37) | — | |||||||||||||||||||
| Net realized and unrealized gains (losses) | $ | 1,832 | $ | (4,280) | $ | 16,761 | $ | (11,251) | |||||||||||||||
| Net increase in net assets resulting from operations | $ | 17,374 | $ | 25,467 | $ | 47,498 | $ | 18,214 | |||||||||||||||
| Net increase in net assets resulting from operations per share | $ | 0.77 | $ | 1.22 | $ | 2.12 | $ | 0.88 | |||||||||||||||
| Net investment income per share | $ | 0.69 | $ | 1.42 | $ | 1.37 | $ | 1.42 | |||||||||||||||
| Dividends and distributions declared per common share | $ | 0.70 | $ | 0.56 | $ | 1.20 | $ | 1.00 | |||||||||||||||
| Weighted average number of shares outstanding | 22,524 | 20,893 | 22,431 | 20,815 | |||||||||||||||||||
8
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 June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| Increase in net assets: | |||||||||||||||||||||||
| Net investment income (loss) | $ | 15,542 | $ | 29,747 | $ | 30,737 | $ | 29,465 | |||||||||||||||
| Net realized gain on investments | 11,414 | (1,214) | 18,807 | 3,299 | |||||||||||||||||||
| Net unrealized depreciation on investments | (9,582) | (3,066) | (2,046) | (14,550) | |||||||||||||||||||
| Net increase in net assets resulting from operations | 17,374 | 25,467 | 47,498 | 18,214 | |||||||||||||||||||
| Distributions to common stockholders | (15,646) | (11,684) | (26,812) | (20,790) | |||||||||||||||||||
| Capital share transactions: | |||||||||||||||||||||||
| Issuance of common stock under dividend reinvestment plan | 214 | — | 354 | 224 | |||||||||||||||||||
| Stock-based compensation expense | 480 | 139 | 1,174 | 310 | |||||||||||||||||||
| Purchase of vested stock for employee payroll tax withholding | (271) | (48) | (1,535) | (48) | |||||||||||||||||||
| Issuance of common stock, net of offering costs | — | 1,107 | 8,970 | 7,310 | |||||||||||||||||||
| Net increase in net assets from capital share transactions | 423 | 1,198 | 8,963 | 7,796 | |||||||||||||||||||
| Total increase in net assets | 2,151 | 14,981 | 29,649 | 5,220 | |||||||||||||||||||
| Net assets at beginning of period | 366,851 | 312,465 | 339,353 | 322,226 | |||||||||||||||||||
| Net assets at end of period | $ | 369,002 | $ | 327,446 | $ | 369,002 | $ | 327,446 | |||||||||||||||
| Common shares outstanding at end of period | 22,530 | 20,905 | 22,530 | 20,905 | |||||||||||||||||||
| Capital share activity: | |||||||||||||||||||||||
| Shares issued under dividend reinvestment plan | 6 | — | 12 | 18 | |||||||||||||||||||
| Shares issued in connection with sales of common stock | — | 70 | 430 | 360 | |||||||||||||||||||
| Purchase of vested stock for employee payroll tax withholding | (10) | (3) | (56) | (3) | |||||||||||||||||||
| Restricted shares issued under Equity Incentive Plan, net of forfeitures | 3 | — | 173 | — | |||||||||||||||||||
| Net increase in capital activity | (1) | 67 | 559 | 375 | |||||||||||||||||||
9
See accompanying notes to consolidated financial statements.
| NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES | |||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) | |||||||||||
| (In Thousands) | |||||||||||
| Six Months Ended June 30, | |||||||||||
| 2021 | 2020 | ||||||||||
| Cash flows from operating activities: | |||||||||||
| Net increase in net assets resulting from operations | $ | 47,498 | $ | 18,214 | |||||||
| Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities: | |||||||||||
| Net unrealized depreciation on controlled investments | 5,545 | 10,871 | |||||||||
| Net unrealized (appreciation) depreciation on non-affiliate investments | (4,524) | 6,527 | |||||||||
| Net unrealized depreciation on servicing assets | 1,706 | 92 | |||||||||
| Net unrealized depreciation on derivative transactions | 37 | — | |||||||||
| Net realized gains on non-affiliate investments | (15,781) | (3,298) | |||||||||
| Change in fair value of contingent consideration liabilities | — | 54 | |||||||||
| Loss on extinguishment of debt | 955 | — | |||||||||
| Amortization of deferred financing costs | 1,200 | 969 | |||||||||
| Deferred income taxes | (723) | (2,940) | |||||||||
| Depreciation and amortization | 164 | 218 | |||||||||
| Purchase of loans | (7,332) | (5,522) | |||||||||
| Funding of guaranteed non-affiliate SBA loans | (885,602) | (1,163,301) | |||||||||
| Funding of unguaranteed non-affiliate SBA loans | (35,679) | (17,379) | |||||||||
| Funding of controlled investments | (20,395) | (17,580) | |||||||||
| Proceeds from sale of non-affiliate SBA loans | 887,828 | 1,167,376 | |||||||||
| Principal received on SBA non-affiliate investments | 34,971 | 31,374 | |||||||||
| Principal received from controlled investments | — | 475 | |||||||||
| Principal received from non-control investments | 32 | — | |||||||||
| Return of investment from controlled investments | 15,000 | 700 | |||||||||
| Other, net | 1,451 | (36) | |||||||||
| Changes in operating assets and liabilities: | |||||||||||
| Broker receivable | 17,628 | 51,173 | |||||||||
| Due to/from related parties | (625) | (1,629) | |||||||||
| Other assets | 908 | (6,109) | |||||||||
| Due to participants | 78,042 | 4,539 | |||||||||
| Accounts payable, accrued expenses and other liabilities | 3,005 | (2,719) | |||||||||
| Capitalized servicing asset | (3,025) | (1,192) | |||||||||
| Other, net | 25 | (43) | |||||||||
| Net cash provided by operating activities | 122,309 | 70,834 | |||||||||
| Cash flows from investing activities: | |||||||||||
| Purchase of fixed assets | — | (10) | |||||||||
| Cash flows from financing activities: | |||||||||||
| Net repayments on bank notes payable | (41,339) | (6,360) | |||||||||
| Proceeds from common shares sold, net of offering costs | 8,969 | 7,310 | |||||||||
| Net repayments under related party line of credit | (14,540) | (12,163) | |||||||||
| 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 | (28,769) | (29,706) | |||||||||
| Dividends paid | (26,458) | (8,882) | |||||||||
| Additions to deferred financing costs | (3,999) | (584) | |||||||||
| Purchase of vested stock for employee payroll tax withholding | (1,535) | (48) | |||||||||
10
See accompanying notes to consolidated financial statements.
| NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES | |||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) | |||||||||||
| (In Thousands) | |||||||||||
| Six Months Ended June 30, | |||||||||||
| 2021 | 2020 | ||||||||||
| Net cash used in financing activities | (25,171) | (50,433) | |||||||||
| Net increase in cash and restricted cash | 97,138 | 20,391 | |||||||||
| Cash and restricted cash—beginning of period (Note 2) | 51,425 | 33,207 | |||||||||
| Cash and restricted cash—end of period (Note 2) | $ | 148,563 | $ | 53,598 | |||||||
| Non-cash operating, investing and financing activities: | |||||||||||
| Foreclosed real estate acquired | $ | 710 | $ | 358 | |||||||
| Dividends declared but not paid during the period | $ | — | $ | 11,685 | |||||||
| Issuance of common shares under dividend reinvestment plan | $ | 354 | $ | 224 | |||||||
11
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | $ | 3,600.0 | $ | 3,600.0 | $ | 4,037.0 | 1.09 | % | ||||||||||||||||||||||||||||||||||||||||||
| Royal Restaurants, LLC | (#) | 3213 N Fourth St, Longview, TX 75605 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/30/2031 | 250.0 | 250.0 | 261.8 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Craftwork Carpentry and Millwork Inc. | (#) | 2777 S Financial Ct., Sandford, FL 32773 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/30/2031 | 116.0 | 116.0 | 97.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 160.0 | 160.0 | 142.6 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Zollner Enterprises, Inc | (#) | 221 Hulls Chapel Rd, Fredericksburg, VA 22406 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 6/30/2031 | 50.0 | 50.0 | 42.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sheldon T Banks LLC | (#) | G2340 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| VILLELA CPA PLLC | (#) | 3877 SE 5th Ave, Ocala, FL 34480 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/30/2031 | 15.0 | 15.0 | 12.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tidal Commerce Inc | (#) | 2100 Clearwater Dr, Oak Brook, IL 60523 | Credit Intermediation and Related Activities | Term Loan | Prime plus 2.75% | 6/30/2031 | 327.5 | 327.5 | 275.3 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Holland Holdings LLC | (#) | 1102 Blackbriar Cir Ne, Hartselle, AL 35640 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/30/2031 | 200.0 | 200.0 | 174.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Superior Coach Interiors, Inc | (#) | 211 Babb Dr, Lebanon, TN 37087 | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 6/30/2031 | 383.7 | 383.7 | 401.8 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 28.1 | 28.1 | 24.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4,000.0 | 4,000.0 | 4,485.5 | 1.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.0 | 50.0 | 52.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 69.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.5 | 38.5 | 38.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Seema Aijaz Enterprises Inc dba Edible Arrangements | (#) | 1040 South Broadway, Unit 6, Hicksville, NY 11801 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 6/29/2031 | 28.9 | 28.9 | 25.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 360 Concepts Group, LLC dba Bowl 360 Astoria | (#) | 7 Grace Dr, Old Westbury, NY 11568 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/29/2031 | 117.0 | 117.0 | 98.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 159.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 117.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| O.P.P. Presents LLC | (#) | 15927 Pioneer Blvd, Norwalk, CA 90650 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/29/2031 | 14.4 | 14.4 | 12.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 198.7 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| CALTEL, INC. | (#) | 2309 Acie Ave, Conway, SC 29528 | Credit Intermediation and Related Activities | Term Loan | Prime plus 2.75% | 6/29/2031 | 95.0 | 95.0 | 89.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| HTE Acquisition, LLC dba Hi Tech Engineering | (#) | 4600, Calle Quetza, Camarillo, CA 93012 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 6/28/2031 | 52.5 | 52.5 | 46.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
12
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Troung Enterprises Inc | (#) | 1305 SW 107th Ave, Miami, FL 33174 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/28/2031 | 10.0 | 10.0 | 8.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,733.6 | 1,733.6 | 1,800.0 | 0.49 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 196.7 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.0 | 50.0 | 42.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| J & J Rocket Fizz General Partnership | (#) | 8072 State Rd 46 E, Nashville, IN 47448 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 6/25/2031 | 15.0 | 15.0 | 12.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alpha Variance Solutions, LLC | (#) | 48 Western Dr, Ardsley, NY 10502 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/25/2031 | 75.0 | 75.0 | 63.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 85.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 29.0 | 29.0 | 24.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2,266.4 | 2,266.4 | 1,976.7 | 0.54 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 45.0 | 45.0 | 47.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 189.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 95.0 | 95.0 | 85.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| The AAC Speech Clinic, LLC and Red Rock Neurorehabilitation Center | (#) | 9260 West Sunset Rd, Ste 204, Las Vegas, NV 89148 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/23/2031 | 35.0 | 35.0 | 29.4 | 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 | 48.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 225.8 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.0 | 21.0 | 17.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 42.5 | 42.5 | 44.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bluewater Laundry & Linen, LLC | (#) | 2315 Main St., Loris, SC 29569 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/21/2031 | 120.7 | 120.7 | 110.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 15.0 | 15.0 | 12.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
13
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 46.5 | 46.5 | 43.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 20.4 | 20.4 | 17.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Two Mean Beans, LLC dba Coffee and Crepes | (#) | 315 Crossroads Blvd, Floor G, Cary, NC 27518 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/21/2031 | 11.6 | 11.6 | 10.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 80.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Vancole Investments, Inc | (#) | 876 Virginia Ave, Hapeville, GA 30354 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/21/2031 | 71.4 | 71.4 | 59.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Subhash Joshi LLC dba Mata Hardware | (#) | 6370 Mae Anne Ave, Stes 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 | 28.7 | 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 | 150.0 | 150.0 | 130.0 | 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 | 50.0 | 50.0 | 42.0 | 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 | 150.0 | 150.0 | 138.8 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 353.4 | 353.4 | 296.6 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 16.0 | 16.0 | 13.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 25.0 | 25.0 | 25.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.0 | 11.0 | 9.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 48.5 | 48.5 | 40.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| LVM Constructiion LLC | (#) | 194 N Grove St., East Orange, NJ 07017 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/10/2031 | 15.0 | 15.0 | 13.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dulceria NYC Inc | (#) | 2220 Frederick Douglass Blvd, New York, NY 10026 | Food Manufacturing | Term Loan | Prime plus 2.75% | 6/10/2031 | 10.0 | 10.0 | 8.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 20.0 | 20.0 | 20.9 | 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 | 6.5 | 6.5 | 6.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
14
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 45.0 | 45.0 | 46.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Iloka, Inc dba Newcloud Networks | (#) | 160 Inverness Dr West, #100, Englewood, CO 80112 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/7/2031 | 410.0 | 410.0 | 348.2 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| La Taqueria, Inc. | (#) | 10 Greenwich Ave, Greenwich, CT 06830 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/3/2031 | 25.0 | 25.0 | 21.0 | 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 | 35.0 | 35.0 | 36.6 | 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 | 35.0 | 35.0 | 29.6 | 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 | 26.5 | 26.5 | 25.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Aeffect, Inc | (#) | 5600 N River Rd, Ste 800, Rosemont, IL 60018 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/28/2031 | 40.0 | 40.0 | 33.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 25.0 | 25.0 | 21.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 190.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.0 | 5.0 | 4.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Neuline Health Management LLC | (#) | 1402 S Custer Rd, McKinney, TX 75070 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 5/27/2031 | 80.5 | 80.5 | 67.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ELIOT'S ADULT NUT BUTTERS LLC | (#) | 1140 SE 7th, Ste 190, Portland, OR 97214 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 5/26/2031 | 11.3 | 11.3 | 9.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Eckles Generation Heating & Air Service, Inc | (#) | 6000 Poplar Ave, Memphis, TN 38119 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 5/26/2031 | 13.5 | 13.5 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 48.5 | 48.5 | 42.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| MPI Automotive Corp | (#) | 19925 Stevens Creek Blvd, Ste 100, Cupertino, CA 95014 | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 5/26/2031 | 50.0 | 50.0 | 42.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 67.0 | 67.0 | 56.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.5 | 7.5 | 6.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 27.5 | 27.5 | 23.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bock Technologies Inc. | (#) | 11496 Luna Rd Ste 1200, Dallas, TX 75234 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 5/25/2031 | 35.0 | 35.0 | 29.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tropics LLC | (#) | 6453 Chupp Rd, Lithonia, GA 30058 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/24/2031 | 11.3 | 11.3 | 9.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ecru Designs LLC | (#) | 275 North Wyoming Ave, South Orange, NJ 07079 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 5/24/2031 | 63.0 | 63.0 | 52.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 80.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
15
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 23.0 | 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 | 21.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hankemeier Holdings LLC dba Grow Salon | (#) | 205 W 6th St., Ste 105 & 110, Georgetown, TX 78626 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 5/20/2031 | 19.0 | 19.0 | 15.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 169.3 | 169.3 | 186.2 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Foreclosure Excess Proceeds, LLC | (#) | 2415 E Camelback Rd, Ste 700, Phoenix, AZ 85016 | Real Estate | Term Loan | Prime plus 2.75% | 5/19/2031 | 35.0 | 35.0 | 29.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Compass CFO Holdings, LLC | (#) | 4400 Rt 9 Ste 1000, Freehold, NJ 07728 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/19/2031 | 30.3 | 30.3 | 25.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 23.5 | 23.5 | 24.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Motor Messenger NYC Inc | (#) | 81-36 Baxter Ave, Queens, NY 11373 | Couriers and Messengers | Term Loan | Prime plus 2.75% | 5/18/2031 | 176.0 | 176.0 | 153.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Earth Analytical Sciences, Inc. | (#) | 4825 Ward Dr, Beaumont, TX 77705 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/17/2031 | 56.2 | 56.2 | 52.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| THE LAW OFFICES OF LAWRENCE A. BECKENSTEIN P.C | (#) | 320 E 65th St., Ste #619, New York, NY 10065 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/17/2031 | 15.0 | 15.0 | 12.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.3 | 4.3 | 3.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 25.7 | 25.7 | 21.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 35.0 | 35.0 | 31.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 19.0 | 19.0 | 15.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.5 | 8.5 | 7.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Foy Commerce LLC | (#) | 1725 Park Lane S, Ste 2,, Jupiter, FL 33458 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 5/5/2031 | 6.3 | 6.3 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hank Thomas Performance | (#) | 917 Dixie Club Rd, Winston-Salem, NC 27107 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 5/5/2031 | 35.0 | 35.0 | 34.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 99.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.4 | 14.4 | 12.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| NebulOS, Inc | (#) | 5428 Twilight Way, Parker, CO 80237 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/30/2031 | 59.8 | 59.8 | 51.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Grover Jackson Engineering, LLC | (#) | 1880 Campbellsville Rd, Pulaski, TN 38478 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 4/30/2046 | 54.0 | 54.0 | 56.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Thomas Wayne Belcher Jr dba Area 51 Tattoo Body Piercing & Supply | (#) | 230 Broadway St., Jackson, OH 45640 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 4/29/2046 | 12.0 | 12.0 | 12.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
16
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.8 | 21.8 | 21.1 | 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 | 49.8 | 49.8 | 41.8 | 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 | 22.4 | 22.4 | 19.2 | 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 | 43.9 | 43.9 | 41.9 | 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 | 34.0 | 34.0 | 37.1 | 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 | 6.5 | 6.5 | 5.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Max Rosin & Associates, Inc | (#) | 37-43 West 14th St., Ste 304, New York, NY 10011 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/23/2031 | 57.2 | 57.2 | 48.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Acra Cast, Inc. | (#) | 1837 First St., Bay City, MI 48708 | Primary Metal Manufacturing | Term Loan | Prime plus 2.75% | 4/22/2031 | 21.0 | 21.0 | 20.2 | 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 | 34.9 | 34.9 | 29.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Twenty Ten Agency, LLC | (#) | 340 S Lemon Avnue, Walnut, CA 91789 | Educational Services | Term Loan | Prime plus 2.75% | 4/21/2031 | 4.0 | 4.0 | 3.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.9 | 34.9 | 29.3 | 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 | 17.1 | 17.1 | 14.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tierra Corrosion Control, Incorporated | (#) | 1608 Schofield Lane, Farmington, NM 87401 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 4/16/2031 | 24.9 | 24.9 | 26.1 | 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% | 4/15/2031 | 44.9 | 44.9 | 41.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| RV Solar LLC | (#) | 635 E Laverne Dr, Oak Creek, WI 53154 | Specialty Trade Contractors | Term Loan | Prime plus 6.5% | 4/14/2031 | 6.2 | 6.2 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Stephanie Ann Doty | (#) | 82 Diggins Dr, Folsom, CA 95630 | Insurance Carriers and Related Activities | Term Loan | Prime plus 6.5% | 4/14/2031 | 3.7 | 3.7 | 3.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Lockett Trucking and Transport LLC | (#) | 612 Colebridge Dr, Blacklick, OH 43004 | Truck Transportation | Term Loan | Prime plus 6.5% | 4/14/2031 | 6.2 | 6.2 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| College Economy Inc | (#) | 679 Wedgewood Dr, Hanover Park, IL 60133 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/13/2031 | 34.9 | 34.9 | 29.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 36.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Motor City Bakery Inc dba Mexi bake | (#) | 8100 Radcliffe St., Detroit, MI 48210 | Food Manufacturing | Term Loan | Prime plus 2.75% | 4/7/2046 | 104.6 | 104.6 | 112.4 | 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 | 67.3 | 67.3 | 75.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 44.5 | 44.5 | 42.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
17
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 164.4 | 164.4 | 142.3 | 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 | 102.8 | 102.8 | 106.8 | 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 | 25.0 | 25.0 | 28.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Quality Sound Communications, Inc dba Technology Source | (#) | 1551 North Tustin Ave, Ste 125, Santa Ana, CA 92705 | Telecommunications | Term Loan | Prime plus 2.75% | 3/31/2031 | 132.7 | 132.7 | 111.4 | 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 | 356.4 | 356.4 | 368.5 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 118.9 | 118.9 | 106.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 101.5 | 101.5 | 103.8 | 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 | 247.6 | 247.6 | 225.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Statewide Health Care, Inc | (#) | 102 Oglethorpe Professional Court, Savannah, GA 31406 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 3/31/2031 | 61.4 | 61.4 | 51.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tober Building Company, LLC | (#) | 3351 Brecksville Rd, Richfield, OH 44286 | Construction of Buildings | Term Loan | Prime plus 2.75% | 3/31/2031 | 635.8 | 635.8 | 552.8 | 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 | 110.6 | 110.6 | 109.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Barrett Enterprises, LLC | (#) | 2920 N Columbia St, Milledgeville, GA 31061 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 3/31/2031 | 20.8 | 20.8 | 17.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 92.9 | 92.9 | 95.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 307.1 | 307.1 | 257.7 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 23.8 | 23.8 | 24.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| RH All Around Repair, LLC | (#) | 2008 Coahuila Rd, Odessa, TX 79763 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/30/2046 | 52.3 | 52.3 | 54.4 | 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 | 175.5 | 175.5 | 176.7 | 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 | 37.8 | 37.8 | 34.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| The Sign Company of Wilmington, Inc. | (#) | 428 Landmark Dr, Wilmington, NC 28412 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 3/30/2046 | 102.6 | 102.6 | 111.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 144.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
18
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| QXC Communications, Inc | (#) | 3785 North Federal Hwy, Ste 205, Boca Raton, FL 33431 | Telecommunications | Term Loan | Prime plus 2.75% | 3/29/2031 | 104.1 | 104.1 | 91.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Markell Construction Inc | (#) | 6248 N Woodstock St., Philadelphia, PA 19138 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 3/29/2031 | 23.6 | 23.6 | 19.8 | 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 | 906.9 | 906.9 | 828.5 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 79.3 | 79.3 | 76.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 208.1 | 208.1 | 174.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Jason Watts Pictures, LLC | (#) | 110 Broadway #507, Brooklyn, NY 11249 | Motion Picture and Sound Recording Industries | Term Loan | Prime plus 2.75% | 3/29/2031 | 18.3 | 18.3 | 15.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.0 | 34.0 | 38.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rob Smith dba Laundry Land | (#) | 8913 Sierra Ave, Fontana, CA 92335 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 3/26/2031 | 19.3 | 19.3 | 16.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Diversified Electric, LLC | (#) | 1571 Mapledale St, Ferndale, MI 48220 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 3/26/2031 | 24.8 | 24.8 | 20.8 | 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 | 14.9 | 14.9 | 13.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 86.8 | 86.8 | 85.8 | 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 | 108.1 | 108.1 | 99.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 26.2 | 26.2 | 27.3 | 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 | 24.8 | 24.8 | 20.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Allan Gilbert dba Allan Gilbert Builders | (#) | 50 Jodi Dr, Belmont, NH 03220 | Construction of Buildings | Term Loan | Prime plus 2.75% | 3/25/2031 | 24.8 | 24.8 | 21.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Party Town Chico LLC | (#) | 1937 East 20th St. #B6, Chico, CA 95928 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 3/25/2031 | 14.7 | 14.7 | 12.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Companion Plus Care, LLC | (#) | 19849 Middlebelt Rd, Livonia, MI 48152 | Nursing and Residential Care Facilities | Term Loan | Prime plus 2.75% | 3/25/2046 | 132.0 | 132.0 | 131.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Millennium Family Practice LLC | (#) | 6310 Steven Forest Rd, Columbia, MD 21045 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 3/25/2031 | 95.2 | 95.2 | 99.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 178.5 | 178.5 | 152.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 146.0 | 146.0 | 125.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.4 | 10.4 | 8.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.7 | 34.7 | 33.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
19
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | 86.5 | 86.5 | 85.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sundown Audio, LLC | (#) | 514 W 21st St., Newton, NC 28658 | Computer and Electronic Product Manufacturing | Term Loan | Prime plus 2.75% | 3/24/2031 | 99.2 | 99.2 | 83.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Blasco Tire LLC | (#) | 960 Memorial Dr, Griffin, GA 30223 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 6.5% | 3/24/2031 | 6.2 | 6.2 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| S.B. Southern Welding, L.L.C | (#) | 300 Howard Rd, Waxahachie, TX 75165 | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 3/23/2031 | 279.3 | 279.3 | 243.5 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bottles on Broadway, LLC | (#) | 1083 N Boradway, Massapequa, NY 11758 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 3/23/2031 | 34.7 | 34.7 | 29.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Spartan Technology Solutions, Inc. | (#) | 125 Venture Blvd, Spartanburg, SC 29306 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/22/2031 | 49.6 | 49.6 | 41.6 | 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 | 154.1 | 154.1 | 131.1 | 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 | 89.3 | 89.3 | 75.0 | 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 | 14.9 | 14.9 | 12.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 321.7 | 321.7 | 273.0 | 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 | 14.9 | 14.9 | 12.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 150.0 | 150.0 | 157.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tripark LLC | (#) | 12630 Haynes Rd, Houston, TX 77066 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 3/19/2046 | 150.0 | 150.0 | 152.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 332.3 | 332.3 | 278.4 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Northern Services Inc | (#) | 2266 Central St., Ste6, Richmond, CA 94801 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/18/2031 | 49.6 | 49.6 | 41.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| WSCL, Inc | (#) | 176 Rosa Court, Colton, CA 92324 | Construction of Buildings | Term Loan | Prime plus 2.75% | 3/18/2031 | 49.6 | 49.6 | 41.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 49.6 | 49.6 | 41.7 | 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 | 123.7 | 123.7 | 119.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 31.8 | 31.8 | 28.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.4 | 55.4 | 50.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.9 | 14.9 | 13.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 274 Construction Group, Inc | (#) | 420 Raleigh St., Ste F, Wilmington, NC 28412 | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 3/16/2031 | 183.7 | 183.7 | 165.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
20
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EXAGEN SOLUTIONS INC | (#) | 32 Waverly Cir, Waverly, NY 12189 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/16/2031 | 52.6 | 52.6 | 44.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Crispeno Realty, Inc | (#) | 9812 235th Pl SW, Edmonds, WA 98020 | Real Estate | Term Loan | Prime plus 2.75% | 3/16/2031 | 29.8 | 29.8 | 25.0 | 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 | 6.2 | 6.2 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 180.0 | 180.0 | 186.1 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Benevolent Family Services LLC, | (#) | 522 S Independence Blvd, Ste 201, Virginia Beach, VA 23452 | Ambulatory Health Care Services | Term Loan | Prime plus 6.5% | 3/15/2031 | 6.2 | 6.2 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Pavesh, LLC | (#) | 9576 Potranco Rd, San Antonio, TX 78251 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/15/2046 | 167.5 | 167.5 | 174.7 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Swick & Son Enterprises, Inc. | (#) | 108 Mashell Ave North, Eatonville, WA 98328 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 3/12/2031 | 71.9 | 71.9 | 60.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.7 | 55.7 | 46.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Craftworks NW, LLC | (#) | 12421 NE 117th Ave, Vancouver, WA 98662 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 3/12/2031 | 14.9 | 14.9 | 13.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 720.0 | 720.0 | 751.8 | 0.20 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 225.0 | 225.0 | 251.8 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clean Energyz LLC | (#) | 881 Alma Real Dr Ste T-16, Pacific Palisades, CA 90272 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/11/2031 | 19.9 | 19.9 | 20.0 | 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 | 52.2 | 52.2 | 43.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clean Energyz LLC | (#) | 881 Alma Real Dr, Stes T-16, Pacific Palisades, CA 90272 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 3/11/2031 | 59.6 | 59.6 | 50.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| INTERNETZONE I, INC. | (#) | 3131 Laurel Ave, Fullerton, CA 92835 | Other Information Services | Term Loan | Prime plus 2.75% | 3/10/2031 | 9.9 | 9.9 | 8.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Monark, LLC | (#) | 26050 Acero, Ste 411, Mission Viejo, CA 92691 | Food Manufacturing | Term Loan | Prime plus 2.75% | 3/10/2031 | 34.8 | 34.8 | 29.2 | 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 | 9.9 | 9.9 | 8.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Nadal Company LLC | (#) | 5923 Robindale Rd, Catonsville, MD 21228 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/5/2031 | 5.0 | 5.0 | 4.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 29.7 | 29.7 | 28.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.9 | 5.9 | 5.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Secret Harbor Charter LLC | (#) | 7881 Sandholdt Rd, Moss Landing, CA 95039 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 3/5/2031 | 26.7 | 26.7 | 24.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 119.7 | 119.7 | 128.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
21
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 30.7 | 30.7 | 28.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.2 | 7.2 | 8.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 200.0 | 200.0 | 223.8 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Metroguard Security & Risk Mgmt Inc. | (#) | 338 Commerce Dr, Fairfield, CT 06825 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/2/2031 | 204.2 | 204.2 | 171.1 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Revival Ice Cream, LLC | (#) | 463 Alvarado St., Monterey, CA 93940 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/1/2031 | 19.6 | 19.6 | 16.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.8 | 9.8 | 8.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.5 | 17.5 | 14.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kirkland Associates, Ltd | (#) | 4180 NE Riverside Dr, McMinnville, OR 97128 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 2/25/2031 | 49.2 | 49.2 | 41.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Goodsell/Wilkins, Inc | (#) | 28175 Bluebell Dr, Laguna Niguel, CA 92677 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 2/25/2031 | 98.4 | 98.4 | 82.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Innovative Dental of Hannibal LLC | (#) | 515 Clinic Rd., Hannibal, MO 63401 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 2/24/2031 | 49.2 | 49.2 | 41.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.4 | 7.4 | 6.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| TELAVERGE COMMUNICATIONS, LLC | (#) | 8229 Foutain Ridge Dr, Plano, TX 75025 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/19/2031 | 34.5 | 34.5 | 28.9 | 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 | 46.6 | 46.6 | 39.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ben Anderson 365 | (#) | 1567 E Valley Rd, Montecito, CA 93108 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/18/2031 | 49.2 | 49.2 | 41.2 | 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 | 87.1 | 87.1 | 97.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Commonwealth Warehouse, Inc. | (#) | 400-500 Murray Rd, Cincinnati, OH 45217 | Warehousing and Storage | Term Loan | Prime plus 2.75% | 2/17/2031 | 56.6 | 56.6 | 47.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.5 | 2.5 | 2.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| SBRnet, Inc | (#) | 10185 Spyglass Way, Boca Raton, FL 33498 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/17/2031 | 20.6 | 20.6 | 17.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| ReenBoog Natural Hair Care, LLC | (#) | 4051 Stone Mountain Hwy, Ste E106, Lilburn, GA 30047 | Health and Personal Care Stores | Term Loan | Prime plus 2.75% | 2/17/2031 | 19.7 | 19.7 | 16.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Surgeon & Associates, Inc | (#) | 733 Bargain St., Fayetteville, NC 28303 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 2/17/2031 | 29.5 | 29.5 | 28.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.9 | 4.9 | 4.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
22
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | 84.6 | 84.6 | 90.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| White Pine Logistics Inc | (#) | 1281 Cobble Pond Way, Vienna, VA 22182 | Truck Transportation | Term Loan | Prime plus 2.75% | 2/16/2031 | 65.0 | 65.0 | 54.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| A-One Refrigeration and Heating, Inc | (#) | 910 N 20th Ave, Pasco, WA 99301 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 2/11/2031 | 162.5 | 162.5 | 142.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Blue Telescope Inc | (#) | 70 Burnet St., Maplewood, NJ 07040 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/11/2031 | 14.8 | 14.8 | 12.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Little Swimmers Inc. | (#) | 2395 Monument Blvd, Concord, CA 94520 | Educational Services | Term Loan | Prime plus 2.75% | 2/11/2031 | 49.1 | 49.1 | 41.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| UniGuide Media,LLC | (#) | 105 Pearl St., Sausalito, CA 94965 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 2/11/2031 | 6.2 | 6.2 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 288.7 | 288.7 | 305.4 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hybrid Drive Batteries LLC | (#) | 22607 E La Palma Ave, Ste 406, Yorba Linda, CA 92887 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 2/10/2031 | 14.8 | 14.8 | 12.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Paramount General Contracting LLC | (#) | 4705 Roosevelt St., Gary, IN 46408 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 2/10/2046 | 122.5 | 122.5 | 137.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 22.1 | 22.1 | 23.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 57.5 | 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 | 22.1 | 22.1 | 18.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Davis Laboratories, Inc. | (#) | 611 Lunar Ave., Brea, CA 92821 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/1/2031 | 61.4 | 61.4 | 56.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| CULTIVA Solutions, LLC | (#) | 8000 Towers Crescent Dr,, Vienna, VA 22182 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 1/29/2031 | 3.9 | 3.9 | 3.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| TC3, LLC | (#) | 1036 Country St. 2945, Tuttle, OK 73089 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/29/2031 | 5.2 | 5.2 | 5.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.9 | 17.9 | 20.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Payne's Environmental Services LLC | (#) | 5617 Causeway Blvd., Tampa, FL 33619 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/28/2031 | 180.4 | 180.4 | 160.6 | 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 | 3.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Chrysalis MSP LLC | (#) | 14550 Torrey Chase Blvd, Ste 110, Houston, TX 77014 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 1/26/2031 | 11.2 | 11.2 | 9.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.1 | 6.1 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.1 | 6.1 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.1 | 34.1 | 28.6 | 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 | 6.1 | 6.1 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
23
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Greater Vision Healthcare Services, LLC | (#) | 788 Montgomery Ave, Ocoee, FL 34761 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 1/22/2046 | 917.8 | 917.8 | 973.0 | 0.26 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 48.8 | 48.8 | 42.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Skypie Studio & Crafts LLC | (#) | 933 Mary Ave, Opelousas, LA 70570 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 1/22/2031 | 5.9 | 5.9 | 5.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| LONDERPASS, INC. | (#) | 108 N Fiore Pkwy, Vernon Hills, IL 60061 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 1/21/2031 | 6.1 | 6.1 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| R & L Timber, Inc | (#) | 524 Callen Crabb Rd, Sagle, ID 83860 | Forestry and Logging | Term Loan | Prime plus 2.75% | 1/20/2031 | 231.7 | 231.7 | 205.3 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.1 | 6.1 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Valley Towing & Sons, Inc | (#) | 16 NY-6N, Mahopac, NY 10541 | Support Activities for Transportation | Term Loan | Prime plus 2.75% | 1/19/2031 | 11.4 | 11.4 | 9.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Diamond Ridge Professionals LLC, | (#) | 8629 Mesquite Circle, Magna, UT 84044 | Construction of Buildings | Term Loan | Prime plus 6.5% | 1/19/2031 | 6.1 | 6.1 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.3 | 12.3 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Metropolitan Neuro Behavioral Institute PLLC | (#) | 4055 W. Chandler Blvd Ste 5, Chandler, AZ 85226 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 1/15/2031 | 172.9 | 172.9 | 145.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 193.3 | 193.3 | 162.0 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 244.0 | 244.0 | 248.9 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 127.0 | 127.0 | 116.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Silx LLC | (#) | 4120 3rd Ave, Timnath, CO 80525 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 1/12/2031 | 4.4 | 4.4 | 3.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| SAS Integrated, LLC | (#) | 4012 S Rainbow Blvd, Las Vegas, NV 89103 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 1/12/2031 | 21.9 | 21.9 | 18.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.6 | 55.6 | 46.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| White Pine Logistics, Inc. | (#) | 1281 Cobble Pond Way, Vienna, VA 22182 | Truck Transportation | Term Loan | Prime plus 2.75% | 1/11/2031 | 386.9 | 386.9 | 329.0 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Westby Grocery LLC | (#) | 212 Main St., Westby, MT 59275 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 1/8/2046 | 43.5 | 43.5 | 43.0 | 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 | 14.6 | 14.6 | 12.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| M2 Lumber LLC | (#) | 110 Brick House Rd, Laurens, SC 29360 | Wood Product Manufacturing | Term Loan | Prime plus 2.75% | 12/31/2030 | 10.9 | 10.9 | 10.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
24
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LV Nails & SPA, LLC | (#) | 10050 S Eastern Ave, Henderson, NV 89052 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/31/2030 | 65.4 | 65.4 | 54.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Inter-Insurance Agency Services, Ltd. and Universal Casualty Risk Rete | (#) | 380 N Broadway, Jericho, NY 11753 | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 12/31/2030 | 670.2 | 670.2 | 561.6 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 208.4 | 208.4 | 180.7 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.4 | 17.4 | 18.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 347.5 | 347.5 | 388.9 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Seven C's Manufacturing, Inc | (#) | 3895 Corsair St., Reno, NV 89502 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 12/31/2030 | 533.1 | 533.1 | 491.1 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 72.7 | 72.7 | 73.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hawthorne Food Company dba Eastern Standard Provis | (#) | 117 Beaver St., Waltham, MA 02452 | Food Manufacturing | Term Loan | Prime plus 2.75% | 12/31/2030 | 848.0 | 848.0 | 711.8 | 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 | 86.9 | 86.9 | 89.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 155.1 | 155.1 | 173.6 | 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 | 254.8 | 254.8 | 214.2 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| NDRS Construction Inc.dba Disaster | (#) | 18730 Cortez Blvd, Brooksville, FL 34601 | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/30/2030 | 84.8 | 84.8 | 71.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bourque Sales and Service Inc. | (#) | 9160 Linwood Ave, Shevport, LA 71106 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 12/30/2045 | 142.0 | 142.0 | 158.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Educare Early Intervention, Corporation | (#) | 4557 S Calumet Ave, Chicago, IL 60653 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/30/2030 | 43.5 | 43.5 | 36.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bourque Sales and Service Inc | (#) | 9160 Linwood Ave, Shreveport, LA 71106 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 12/30/2045 | 144.7 | 144.7 | 161.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Petroleum Equipment & Services, Inc. | (#) | 5631 Silverado Way, Anchorage, AK 99518 | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 12/30/2030 | 408.3 | 408.3 | 348.1 | 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 | 387.7 | 387.7 | 404.8 | 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 | 100.4 | 100.4 | 89.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Lightstat Inc. | (#) | 22 W West Hill Rd, Barkhamsted, CT 06063 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 12/30/2030 | 363.4 | 363.4 | 359.3 | 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 | 253.0 | 253.0 | 212.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Shlama Two LLC dba Village Park Daycare | (#) | 7440 Broadway, Merrillville, IN 46410 | Social Assistance | Term Loan | Prime plus 2.75% | 12/30/2045 | 248.2 | 248.2 | 264.2 | 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 | 1,211.5 | 1,211.5 | 1,092.8 | 0.30 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 112.9 | 112.9 | 94.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
25
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | 418.8 | 418.8 | 468.7 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,211.5 | 1,211.5 | 1,123.4 | 0.30 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 969.2 | 969.2 | 812.3 | 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 | 451.4 | 451.4 | 505.2 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SDI Black 011, LLC | (#) | 1091 YONKERS AVE, YONKERS, NY 10704 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/30/2030 | 969.2 | 969.2 | 827.3 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bojax Auto Collision Inc | (#) | 4706 Fenlee Ave., Royal Oak, MI 48073 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/29/2045 | 341.2 | 341.2 | 342.5 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Khangri Sourcing Inc. | (#) | 6021 129th. Ave SE, Bellevue, WA 98006 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/29/2030 | 181.8 | 181.8 | 151.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 96.9 | 96.9 | 82.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 139.3 | 139.3 | 121.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.3 | 7.3 | 7.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 15.7 | 15.7 | 13.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Title2Land,LLC | (#) | 11851 Wentling Ave, Baton Rouge, LA 70816 | Real Estate | Term Loan | Prime plus 2.75% | 12/23/2045 | 111.7 | 111.7 | 124.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SLCP Transport, LLC | (#) | 111 Brentwood Dr, College Station, TX 77840 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/23/2030 | 59.2 | 59.2 | 51.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Summerfield Farm, Inc | (#) | 24 Baker Rd, Pittstown, NJ 08867 | Support Activities for Agriculture and Forestry | Term Loan | Prime plus 2.75% | 12/23/2045 | 58.3 | 58.3 | 65.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| UBIF 86 CO dba UBREAKIFIX | (#) | 1539 Town Center Dr, Lakeland, FL 33803 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/23/2030 | 55.5 | 55.5 | 46.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 563.5 | 563.5 | 494.7 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| US Dedicated LLC | (#) | 13410 SE 26th Cir, Vancouver, WA 98683 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/22/2030 | 212.0 | 212.0 | 176.0 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
26
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 751.1 | 751.1 | 656.3 | 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 | 43.4 | 43.4 | 47.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 361.8 | 361.8 | 376.4 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.1 | 8.1 | 7.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.5 | 14.5 | 15.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 165.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 121.2 | 121.2 | 109.2 | 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 | 7.3 | 7.3 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Code 3 Apps LLC. | (#) | 843 Tempted Ways Dr, Longmont, CO 80504 | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 12/18/2030 | 7.3 | 7.3 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 223.4 | 223.4 | 237.4 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| People United of Louisiana LLC | (#) | 1401 Hudson Lane, Monroe, LA 71201 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/18/2030 | 145.4 | 145.4 | 127.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tahzoo LLC | (#) | 1015 7th St. NW, Washington, DC 20001 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/18/2030 | 751.1 | 751.1 | 625.3 | 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 | 1,211.5 | 1,211.5 | 1,014.2 | 0.27 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.4 | 51.4 | 57.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 79.4 | 79.4 | 86.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| RJL Texas International Corporation | (#) | 17401 Triton,, Schertz, TX 78154 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/18/2030 | 266.5 | 266.5 | 237.8 | 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 | 11.6 | 11.6 | 9.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 114.2 | 114.2 | 121.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,211.5 | 1,211.5 | 1,055.8 | 0.29 | % | |||||||||||||||||||||||||||||||||||||||||||||
27
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 96.9 | 96.9 | 80.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Flower City Customs Inc. | (#) | 1805 Tebor Rd, Unit 4, Webster, NY 14580 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/17/2030 | 10.2 | 10.2 | 8.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Anthony Connelly Holdings LLC | (#) | 7260 Dean Martin Dr, Ste 800, Las Vegas, NV 89118 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 12/17/2030 | 242.3 | 242.3 | 201.2 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.5 | 14.5 | 12.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Carolina Roofing Siding Painting LLC | (#) | 204 Depot St., Camponbello, SC 29322 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/17/2045 | 14.9 | 14.9 | 15.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Vege Investments, LLC dba Sunoco Homestead | (#) | 26400 SW 177th Ave, Homestead, FL 33031 | Gasoline Stations | Term Loan | Prime plus 6.5% | 12/16/2030 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 82.4 | 82.4 | 68.4 | 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 | 169.6 | 169.6 | 140.8 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Highstar Travel Group, LLC | (#) | 2869 Wilshire Dr, Ste 204, Orlando, FL 32835 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/16/2030 | 21.8 | 21.8 | 18.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| David M. Benson LLC | (#) | 1422 Euclid Ave, Cleveland, OH 44115 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 12/16/2030 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Savannah Area Language & Culture Exchange, LLC | (#) | 6 Dovetail Crossing, Savannah, GA 31419 | Educational Services | Term Loan | Prime plus 6.5% | 12/16/2030 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.5 | 14.5 | 12.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 60.6 | 60.6 | 50.7 | 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 | 7.3 | 7.3 | 6.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Vector Utilities LLC | (#) | 8501 San Gabriel Dr, Laredo, TX 78045 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/14/2030 | 363.4 | 363.4 | 345.3 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 42.0 | 42.0 | 45.9 | 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 | 169.6 | 169.6 | 140.8 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Droplette Marketing Co | (#) | 6481 Orangethorpe Ave, Buena Park, CA 90620 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/14/2030 | 6.5 | 6.5 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| TJ Pant LLC and Tailored Cartage LLC | (#) | 25993 US 12, Sturgis, MI 49091 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/11/2030 | 83.6 | 83.6 | 81.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Shattered Prism LLC | (#) | 3333 Broadway, New York, NY 10031 | Motion Picture and Sound Recording Industries | Term Loan | Prime plus 2.75% | 12/11/2030 | 7.3 | 7.3 | 7.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.8 | 21.8 | 18.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 64.5 | 64.5 | 71.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
28
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LTD Broadband, LLC | (#) | 69 Teahouse St, Las Vegas, NV 89138 | Telecommunications | Term Loan | Prime plus 2.75% | 12/10/2030 | 1,211.5 | 1,211.5 | 1,093.6 | 0.30 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Just In Time Refrigeration LLC | (#) | 6400 EDNA TAYLOR PKWY, MONONA, WI 53716 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/10/2045 | 231.3 | 231.3 | 235.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,114.6 | 1,114.6 | 1,065.8 | 0.29 | % | |||||||||||||||||||||||||||||||||||||||||||||
| HWH Unlimited, Inc. | (#) | 43386 Business Park Dr, Temecula, CA 92590 | Real Estate | Term Loan | Prime plus 2.75% | 12/9/2030 | 72.7 | 72.7 | 75.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| LBR Partners LLC dba Techy | (#) | 16430 Good Hearth Blouvard, Clermont, FL 34711 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/9/2030 | 43.6 | 43.6 | 36.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.6 | 43.6 | 36.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tortuga Backpacks LLC | (#) | 340 South Lemon Ave, Walnut, CA 91789 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 12/8/2030 | 48.5 | 48.5 | 40.2 | 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 | 11.6 | 11.6 | 9.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 164.8 | 164.8 | 171.2 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Indecon Builders Inc | (#) | 1382 Valencia Ave, Tustin, CA 92780 | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/4/2030 | 48.5 | 48.5 | 40.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.9 | 4.9 | 4.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Robert F. Johnson, Jr., dba R. Johnson Craftsmanship | (#) | 346 Spring Garden Rd, Milford, NJ 08848 | Specialty Trade Contractors | Term Loan | Prime plus 6.5% | 12/4/2030 | 10.0 | 10.0 | 9.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.7 | 6.7 | 5.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.4 | 5.4 | 5.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 67.0 | 67.0 | 74.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Pacific Contours Corp | (#) | 5340 E Hunter Ave, Anaheim, CA 92807 | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 12/4/2030 | 693.2 | 693.2 | 720.4 | 0.20 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SME Business Services LLC | (#) | 930 Chesaco Ave, Rosedale, MD 21237 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/3/2030 | 21.8 | 21.8 | 18.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Moxie Marketing, LLC | (#) | 51 Lee Dr, Palm Coast, FL 32137 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/3/2030 | 121.1 | 121.1 | 100.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.1 | 5.1 | 4.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| American Retail Properties, Inc. | (#) | 125 Main St. 2nd Floor, Reading, MA 01867 | Real Estate | Term Loan | Prime plus 2.75% | 11/30/2030 | 21.7 | 21.7 | 18.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.1 | 18.1 | 15.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
29
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | 21.7 | 21.7 | 19.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.5 | 38.5 | 32.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.8 | 10.8 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| LIAISON STAINLESS INC | (#) | 630 James Lee Dr NW, Suwanee, GA 30024 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 11/25/2030 | 72.2 | 72.2 | 60.0 | 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 | 7.2 | 7.2 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.1 | 12.1 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 89.0 | 89.0 | 74.4 | 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 | 12.1 | 12.1 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1.1 | 1.1 | 1.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.2 | 14.2 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Prosperity Tool, Inc | (#) | 2006 National Guard Dr, Plant City, FL 33563 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 11/19/2045 | 297.4 | 297.4 | 329.9 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.1 | 12.1 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| The Number Masters | (#) | 3325 Highland St., Grove City, OH 43123 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 11/18/2030 | 16.8 | 16.8 | 13.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 75.8 | 75.8 | 63.0 | 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 | 105.4 | 105.4 | 87.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 199.2 | 199.2 | 214.7 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Modutech Marine Inc | (#) | 2218 Marine View Dr, Tacoma, WA 98422 | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 11/9/2030 | 385.2 | 385.2 | 400.2 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.4 | 55.4 | 46.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.6 | 50.6 | 43.9 | 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 | 356.5 | 356.5 | 370.4 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Supersonic Cleaning Services Inc | (#) | 36 Seitz Terrace, Arlington, NY 12603 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 10/29/2030 | 37.1 | 37.1 | 31.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
30
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Third Day Lubes, Inc. | (#) | 450 GA- 53, Calhoun, GA 30701 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/28/2030 | 21.5 | 21.5 | 22.4 | 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 | 10.4 | 10.4 | 11.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 502.2 | 502.2 | 417.0 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 89.1 | 89.1 | 94.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.3 | 18.3 | 15.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Snow Lodge, LLC | (#) | 115 County Rd 725, Sweeny, TX 77480 | Accommodation | Term Loan | Prime plus 2.75% | 10/8/2045 | 49.5 | 49.5 | 54.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| KTF Consulting Corp | (#) | 2471 N Geneva Terrace, Chicago, IL 60614 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 10/6/2030 | 71.7 | 71.7 | 74.6 | 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% | 7/2/2031 | 526.3 | 526.3 | 443.0 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 71.3 | 71.3 | 60.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 74.1 | 74.1 | 82.6 | 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 | 47.5 | 47.5 | 39.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hazleton Oil & Environmental, Inc | (#) | 300 Tamaqua St., Hazleton, PA 18201 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 9/25/2045 | 1,073.9 | 1,073.9 | 1,184.7 | 0.32 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 356.4 | 356.4 | 343.1 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| BulkMore LLC | (#) | 12741 Ocean Gateway, Ocean City, MD 21842 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 11/18/2030 | 143.5 | 143.5 | 123.9 | 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 | 56.7 | 56.7 | 59.8 | 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 | 173.5 | 173.5 | 143.8 | 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 | 97.1 | 97.1 | 103.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alliance Heating & Air Conditioning, Inc. | (#) | 10 Brookfield Ave, Bridgeport, CT 06610 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 4/6/2030 | 691.0 | 691.0 | 575.0 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 310.1 | 310.1 | 256.7 | 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 | 826.5 | 826.5 | 846.0 | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Profit Stewards, LLC | (#) | 458 Schuylkill Rd, Phoenixville, PA 19460 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/2/2030 | 39.8 | 39.8 | 34.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Caplan Home Care, LLC | (#) | 6029 Berkshire Lane, Dallas, TX 75225 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 4/1/2045 | 855.4 | 855.4 | 889.8 | 0.24 | % | |||||||||||||||||||||||||||||||||||||||||||||
31
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JS Randhawa, Inc. dba Deli Delicious 34, SK Randhawa Inc. HSR Inc & R | (#) | 570 W Olive Ave,, Merced, CA 95348 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/31/2030 | 91.4 | 91.4 | 82.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 358.3 | 358.3 | 392.5 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Blackwater Diving LLC | (#) | 112 Forrest Rd, Morgan City, LA 70380 | Support Activities for Mining | Term Loan | Prime plus 2.75% | 3/30/2030 | 342.6 | 342.6 | 302.3 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 20.6 | 20.6 | 17.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 146.8 | 146.8 | 161.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dunaway and Hart, Inc | (#) | 575 Harkrider St., Conway, AR 72032 | Real Estate | Term Loan | Prime plus 2.75% | 3/26/2030 | 45.6 | 45.6 | 37.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 483.7 | 483.7 | 500.5 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.4 | 12.4 | 10.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Firefly Developement LLC dba Firefly Earthworks | (#) | 4810 Vicksburg St., Dallas, TX 75207 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 3/19/2045 | 294.0 | 294.0 | 296.5 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Coffeestamp LLC | (#) | 2511 S Jefferson Ave, St. Louis, MO 63104 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/17/2030 | 4.1 | 4.1 | 3.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Forest Scientific Corporation | (#) | 668 Elm St., Tionesta, PA 16353 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 3/17/2030 | 68.3 | 68.3 | 70.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 224.9 | 224.9 | 249.8 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 52.7 | 52.7 | 45.9 | 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 | 1,375.7 | 0.37 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Stretch of NW Georgia, LLC dba Stretch Zone | (#) | 1430 Towne Lake Pkwy, Ste 26100, Woodstock, GA 30189 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 3/13/2030 | 13.4 | 13.4 | 11.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Astoria-Pacific Inc | (#) | 15130 SE 82nd Dr, Clackamas, OR 97015 | Computer and Electronic Product Manufacturing | Term Loan | Prime plus 2.75% | 3/13/2030 | 113.9 | 113.9 | 117.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 324.1 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 128.6 | 128.6 | 113.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rapid Trucking and | (#) | 4225 W Capitol Ave, West Sacramento, CA 95691 | Truck Transportation | Term Loan | Prime plus 2.75% | 3/13/2045 | 746.0 | 746.0 | 828.6 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 521.2 | 521.2 | 535.0 | 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 | 136.7 | 136.7 | 112.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| C3 Capital, Inc | (#) | 10010 North Hampton Cove Lane, Indianapolis, IN 46236 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 3/11/2030 | 515.9 | 515.9 | 511.0 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
32
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Quarles Service Systems, Inc. | (#) | 1740 September Ave, Memphis, TN 38116 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/10/2045 | 94.1 | 94.1 | 98.3 | 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 | 51.3 | 51.3 | 42.4 | 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 | 33.6 | 33.6 | 27.7 | 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 | 127.6 | 127.6 | 125.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| KR Enterprises, Inc. dba Carriage Inn | (#) | 1065 Tower Hill Rd, North Kingstown, RI 02852 | Accommodation | Term Loan | Prime plus 2.75% | 3/6/2045 | 314.0 | 314.0 | 324.4 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 353.0 | 353.0 | 291.7 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 113.9 | 113.9 | 94.1 | 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 | 60.5 | 60.5 | 57.0 | 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 | 68.5 | 68.5 | 57.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 24.3 | 24.3 | 25.2 | 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 | 271.1 | 271.1 | 282.1 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.0 | 47.0 | 39.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 446.8 | 446.8 | 483.7 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Custom Garages | (#) | 110 2nd Ave South, Pacheco, CA 94553 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 2/28/2030 | 125.5 | 125.5 | 108.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| LCSM Logistics Inc | (#) | 15735 Spectrum Dr, Addison, TX 75001 | Couriers and Messengers | Term Loan | Prime plus 2.75% | 2/28/2030 | 76.8 | 76.8 | 63.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Breakers Electric, LLC dba Merrill Sports | (#) | 13600 Mustang Dr, Mead, CO 80542 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 2/27/2030 | 9.5 | 9.5 | 7.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 79.3 | 79.3 | 84.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| GRSC, Inc. | (#) | 1643 NW Dove Ct, Stuart, FL 34994 | Construction of Buildings | Term Loan | Prime plus 2.75% | 2/27/2030 | 20.3 | 20.3 | 18.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 54.6 | 54.6 | 47.2 | 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 | 45.2 | 45.2 | 46.7 | 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 | 21.7 | 21.7 | 24.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
33
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bora Enterprises, LLC | (#) | 44255-B Fremont Blvd,, Fremont, CA 94538 | Truck Transportation | Term Loan | Prime plus 2.75% | 2/21/2030 | 11.5 | 11.5 | 9.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Skimino Enterprises LLC | (#) | 197 Ewell Rd, Williamsburg, VA 23188 | Support Activities for Transportation | Term Loan | Prime plus 2.75% | 2/21/2030 | 67.7 | 67.7 | 56.0 | 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 | 374.5 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sherwood Sporthorses Inc. | (#) | 20502 Forestview, Magnolia, TX 77355 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 5/21/2046 | 398.0 | 398.0 | 412.3 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.0 | 18.0 | 14.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Little Feet Academy of Jacksonville, LLC | (#) | 10265 Normandy Blvd, Jacksonville, FL 32221 | Social Assistance | Term Loan | Prime plus 2.75% | 2/17/2045 | 46.1 | 46.1 | 47.1 | 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 | 451.6 | 451.6 | 373.1 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| All Modes Transportation & Logistics LLC | (#) | 4313 Collingtree Dr, Rockledge, FL 32955 | Support Activities for Transportation | Term Loan | Prime plus 6.5% | 2/14/2030 | 11.5 | 11.5 | 10.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Lesher Transportation and Shipping, LLC | (#) | 116 North Austin St., Oak Grove, MO 64075 | Truck Transportation | Term Loan | Prime plus 2.75% | 2/13/2030 | 3.5 | 3.5 | 3.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 153.8 | 153.8 | 141.9 | 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 | 55.1 | 55.1 | 48.2 | 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 | 45.2 | 45.2 | 37.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fortson Janitorial Inc | (#) | 462-482 Chattahoochee St., Cornelia, GA 30531 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 2/5/2045 | 105.0 | 105.0 | 116.6 | 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 | 11.5 | 11.5 | 10.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 80.5 | 80.5 | 66.5 | 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 | 10.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 37.7 | 37.7 | 31.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 309.1 | 309.1 | 312.6 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 275.1 | 275.1 | 283.5 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Daftarnow Inc dba Venture X Parsippany | (#) | 8 Campus Dr. Ste 105, Parsippany, NJ 07054 | Real Estate | Term Loan | Prime plus 2.75% | 7/30/2030 | 174.0 | 174.0 | 144.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 95.1 | 95.1 | 78.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Havana Knights LLC | (#) | 65 Lindsey Lane, Havana, FL 32333 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 1/27/2030 | 35.4 | 35.4 | 31.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
34
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.8 | 18.8 | 15.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Affinity Integrated Solutions Inc. | (#) | 115 Pomona Dr, Greensboro, NC 27402 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/23/2045 | 292.6 | 292.6 | 301.4 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Affinity Integrated Solutions Inc | (#) | 115 Pomona Dr, Greensboro, NC 27407 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/23/2030 | 201.8 | 201.8 | 166.8 | 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 | 20.2 | 20.2 | 16.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Emmalina LLC | (#) | 3602 Rock Bay Dr, Louisville, KY 40245 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/21/2030 | 8.5 | 8.5 | 7.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Motorsport Imagery, Inc | (#) | 16362 Cherokee Rd, Brooksville, FL 34601 | Apparel Manufacturing | Term Loan | Prime plus 2.75% | 1/17/2030 | 20.2 | 20.2 | 18.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 163.7 | 163.7 | 169.1 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| VetMed LLC | (#) | 908 4th Ave, Decatur, AL 35601 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 1/10/2030 | 78.5 | 78.5 | 64.9 | 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 | 56.1 | 56.1 | 46.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Luster Custom Homes LLC | (#) | 18801 North Thompson Peak Pkwy, Ste 240, Scottsdale, AZ 85255 | Construction of Buildings | Term Loan | Prime plus 2.75% | 1/10/2030 | 33.2 | 33.2 | 27.5 | 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 | 4.7 | 4.7 | 4.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Global Information Technology, Inc | (#) | 1 Cragwood Rd, Ste 101, South Plainfield, NJ 07080 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/31/2029 | 505.4 | 505.4 | 417.6 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 280.8 | 280.8 | 294.5 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bearwaters Brewing Company | (#) | 101 Park St, Canton, NC 28716 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/31/2044 | 249.8 | 249.8 | 268.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 127.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dilpreet Hundal dba Kwik Stop | (#) | 1001 Sacramento Ave, West Sacramento, CA 95605 | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/30/2044 | 235.6 | 235.6 | 256.6 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Spinnaker Vero Inc. | (#) | 983 12th St., Vero Beach, FL 32960 | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 12/30/2044 | 768.0 | 768.0 | 824.7 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 244.9 | 244.9 | 242.3 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kiddie Garden Child Development Center, LLC | (#) | 2809 W. Atkinson Ave, Milwaukee, WI 53209 | Social Assistance | Term Loan | Prime plus 2.75% | 12/30/2044 | 41.9 | 41.9 | 46.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Vance Ewing LLC | (#) | 22940 Harlan Ln, St. Robert, MO 65584 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 12/30/2029 | 100.5 | 100.5 | 105.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 44.1 | 44.1 | 42.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
35
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 876.0 | 0.24 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 122.5 | 122.5 | 120.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 902.5 | 0.24 | % | |||||||||||||||||||||||||||||||||||||||||||||
| QXC Communications, Inc | (#) | 4541 N Dixie Hwy, Boca Raton, FL 33431 | Telecommunications | Term Loan | Prime plus 2.75% | 12/27/2029 | 466.8 | 466.8 | 428.9 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 97.7 | 97.7 | 110.2 | 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 | 165.9 | 165.9 | 157.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 629.7 | 629.7 | 710.9 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| American Landscaping Company | (#) | 6151 S St., Anchorage, AK 99518 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/27/2029 | 274.9 | 274.9 | 278.3 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 219.5 | 219.5 | 245.8 | 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 | 144.5 | 144.5 | 139.0 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 41.6 | 41.6 | 38.2 | 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 | 127.6 | 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 | 138.8 | 138.8 | 156.7 | 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 | 55.7 | 55.7 | 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 | 397.2 | 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 | 100.5 | 100.5 | 94.0 | 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 | 443.8 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 315.1 | 315.1 | 304.2 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.7 | 6.7 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
36
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 439.8 | 439.8 | 416.8 | 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 | 146.3 | 146.3 | 165.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 596.3 | 596.3 | 548.3 | 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 | 325.5 | 325.5 | 365.5 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Shaddai Aesthetics Inc | (#) | 706 W. 34th St., Austin, TX 78705 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/20/2029 | 16.9 | 16.9 | 15.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Freedom Enterprises, Inc | (#) | 2431 14th Ave SE, Watertown, SD 57201 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/20/2029 | 294.1 | 294.1 | 277.0 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.0 | 12.0 | 12.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 949.0 | 0.26 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 692.2 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| La Tradicion Cubana Inc | (#) | 9357 S.W. 40th St., Miami, FL 33165 | Miscellaneous Store Retailers | Term Loan | Prime plus 6.5% | 12/20/2029 | 11.4 | 11.4 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 227.0 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ACC International LLC | (#) | 200 N Furnace St, Birdsboro, PA 19508 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/20/2044 | 314.0 | 314.0 | 338.4 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| RWBB LLC | (#) | 4120 7th Ave, Kenosha, WI 53140 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/19/2029 | 15.2 | 15.2 | 14.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| New Casa Technologies, LLC | (#) | 7928 S 70th Lane, Laveen, AZ 85339 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/19/2029 | 7.2 | 7.2 | 6.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 287.4 | 287.4 | 273.1 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kuros, LLC | (#) | 21221 Baron Lake Dr, Cedaredge, CO 81413 | Accommodation | Term Loan | Prime plus 2.75% | 11/19/2045 | 88.5 | 88.5 | 99.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| MBK IT Services Inc. | (#) | 626 Trailwood Ct., Garland, TX 75043 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 12/19/2029 | 19.2 | 19.2 | 20.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kuros, LLC | (#) | 21221 Baron Lake Dr, Cedaredge, CO 81413 | Accommodation | Term Loan | Prime plus 2.75% | 12/19/2044 | 388.2 | 388.2 | 438.2 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Nebulos, LLC | (#) | 5428 Twilight Way, Parker, CO 80134 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/19/2029 | 55.7 | 55.7 | 54.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 142.4 | 142.4 | 160.8 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.0 | 10.0 | 10.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
37
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 Burlington Academy of Learning LLC | (#) | 10 Covey Rd, Burlington, CT 06013 | Social Assistance | Term Loan | Prime plus 2.75% | 12/18/2029 | 47.4 | 47.4 | 49.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| HADD Corp | (#) | 364 Rugby Rd, Cedarhurst, NY 11516 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 12/17/2029 | 11.3 | 11.3 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 185.0 | 185.0 | 194.0 | 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 | 462.5 | 462.5 | 512.1 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Signco America LP & Sparkle corporation Inc. | (#) | 7938 Wright Rd, Houston, TX 77041 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 12/16/2044 | 1,217.2 | 1,217.2 | 1,374.2 | 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 | 305.1 | 305.1 | 344.5 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dr Steven J Seidel | (#) | 42 Campeau Place, Bergenfield, NJ 07621 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/13/2029 | 72.4 | 72.4 | 66.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.2 | 7.2 | 6.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Math Enrichment, LLC | (#) | 1009 E Capitol Expressway, San Jose, CA 95121 | Educational Services | Term Loan | Prime plus 2.75% | 12/13/2029 | 185.6 | 185.6 | 170.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| WURA LLC dba Dickey's Barbecue Pit | (#) | 4325 E. University Dr, Ste 40, Prosper, TX 75078 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/13/2029 | 85.2 | 85.2 | 79.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 70.3 | 70.3 | 67.8 | 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 | 233.7 | 233.7 | 263.9 | 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 | 1,174.9 | 1,174.9 | 1,133.6 | 0.31 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.8 | 6.8 | 6.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 95.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Belle Properties Northwest, Inc. | (#) | 223 Ave B, Snohomish, WA 98290 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/12/2044 | 128.2 | 128.2 | 143.0 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 20.1 | 20.1 | 18.5 | 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 | 1,078.6 | 1,078.6 | 1,197.7 | 0.32 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 293.0 | 293.0 | 330.8 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 16.0 | 16.0 | 16.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 109.5 | 109.5 | 121.2 | 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 | 37.0 | 37.0 | 34.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
38
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.7 | 14.7 | 13.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| SLCP Transport, LLC dba Aamco | (#) | 1407 Lomaland Dr, El Paso, TX 79935 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/10/2029 | 55.7 | 55.7 | 54.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.0 | 38.0 | 42.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 285.1 | 285.1 | 282.6 | 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 | 171.0 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.3 | 11.3 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 121.8 | 121.8 | 117.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 16.7 | 16.7 | 16.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 208.8 | 208.8 | 200.1 | 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 | 981.1 | 981.1 | 911.6 | 0.25 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 60.1 | 60.1 | 55.6 | 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 | 203.0 | 203.0 | 193.0 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Natalie Enterprise Inc | (#) | 2500 Grand Ave, Billings, MT 59102 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/6/2029 | 18.0 | 18.0 | 18.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ohanyan LLC dba Nestle Toll House Caf'e By Chip | (#) | 14006 Riverside Dr, Store No. 9270, Sherman Oaks, CA 91423 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/6/2029 | 37.9 | 37.9 | 36.3 | 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 | 76.8 | 76.8 | 72.6 | 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 | 11.4 | 11.4 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clearwater Engineering Inc | (#) | 301 N River St., Derby, KS 67037 | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 12/5/2029 | 525.5 | 525.5 | 504.6 | 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 | 20.1 | 20.1 | 19.4 | 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 | 56.5 | 56.5 | 52.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Mega Sales Detergent Distributor, LLC | (#,^) | 1 Ackerman Ave, Clifton, NJ 07011 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 11/29/2029 | 44.2 | 44.2 | 40.6 | 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 | 70.1 | 70.1 | 65.2 | 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 | 397.2 | 397.2 | 378.4 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
39
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Codorado, Inc. dba Dentalmart | (#,^) | 10 Glorieta Rd, Sante Fe, NM 87508 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 11/27/2029 | 9.3 | 9.3 | 8.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 56.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 237.6 | 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 | 110.5 | 110.5 | 101.6 | 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 | 9.4 | 9.4 | 8.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 132.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ford Custom Renovation LLC | (#,^) | 405 Broadway St., Muncy, PA 17756 | Construction of Buildings | Term Loan | Prime plus 2.75% | 11/26/2029 | 7.3 | 7.3 | 6.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ultra Flow Dispense, LLC | (#) | 820 Prospect Hill Rd, Windsor, CT 06095 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 11/26/2029 | 91.9 | 91.9 | 84.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fullmer's Landscaping, Inc. | (#) | 9547 W Third St., Dayton, OH 45417 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 11/26/2029 | 169.8 | 169.8 | 160.6 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 208.9 | 208.9 | 210.3 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hurricane Group, Inc.dba Crate Club Group | (#) | 101 San Patricio Ave, Ste 860, Guaynabo, PR 00968 | Other Information Services | Term Loan | Prime plus 2.75% | 11/25/2029 | 46.6 | 46.6 | 42.8 | 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 | 49.7 | 49.7 | 45.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| A&N Design Studios Inc dba Door3 Business Application | (#) | 370 Lexington Ave Ste 1806, Manhattan, NY 10007 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 11/22/2029 | 80.9 | 80.9 | 78.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cum Laude Enterprises, LLC | (#) | 15218 Penn Hills Lane, Houston, TX 77062 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 11/22/2029 | 17.0 | 17.0 | 16.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Best Choice Meats, Inc, | (#,^) | 12646 S Springfield Ave, Alsip, IL 60803 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 11/22/2044 | 1,307.7 | 1,307.7 | 1,455.8 | 0.39 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.6 | 10.6 | 11.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 165.8 | 165.8 | 152.3 | 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 | 216.2 | 216.2 | 211.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 445.3 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 46.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Weeping Willow Kennel Inc | (#,^) | 6041 Hammond School Rd, Salisbury, MD 21804 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 11/21/2029 | 4.0 | 4.0 | 4.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 112.6 | 112.6 | 104.1 | 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 | 16.0 | 16.0 | 14.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
40
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 Rollin' Trapp LLC | (#,^) | 1731 Prevatt Rd, Dothan, AL 36301 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/21/2029 | 7.1 | 7.1 | 6.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| AMH Construction, Inc. | (#,^) | 30 South Ivey Lane, Orlando, FL 32811 | Construction of Buildings | Term Loan | Prime plus 2.75% | 11/20/2044 | 267.4 | 267.4 | 298.8 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cable Management LLC | (#,^) | 290 Pratt St., Meriden, CT 06450 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 11/20/2029 | 121.6 | 121.6 | 116.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| AMH Construction, Inc. | (#,^) | 30 South Ivey Lane, Orlando, FL 32811 | Construction of Buildings | Term Loan | Prime plus 2.75% | 11/20/2029 | 66.3 | 66.3 | 66.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 121.7 | 121.7 | 111.8 | 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 | 433.3 | 433.3 | 477.9 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Lindsley Excavating LLC | (#,^) | 92 Town Line Rd, Fulton, NY 13069 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/15/2029 | 172.3 | 172.3 | 171.1 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SSH Princeton LLC dba Stumpy's Hatchet House of Princeton | (#) | 745 Alexander Rd, Ste 1-3, Princeton, NJ 08540 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 3/15/2030 | 39.5 | 39.5 | 36.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| MToxins Venom Lab LLC | (#,^) | 717 Oregon St., Oshkosh, WI 54902 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 11/15/2044 | 99.1 | 99.1 | 107.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 70.5 | 70.5 | 79.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Winning Sales Plan Inc | (#,^) | 17811 Fairhaven Gateway, Cypress, TX 77433 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 11/14/2029 | 44.2 | 44.2 | 46.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sean McNamara | (#) | 5639 Wood Lane, Allentown, PA 18106 | Nonstore Retailers | Term Loan | Prime plus 6.5% | 11/14/2029 | 11.3 | 11.3 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.2 | 8.2 | 7.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.3 | 11.3 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| HH Wireless Connect LLC | (#,^) | 48267 Deer Trail Dr, Canton, MI 48187 | Electronics and Appliance Stores | Term Loan | Prime plus 2.75% | 11/12/2029 | 7.3 | 7.3 | 6.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 269.3 | 269.3 | 303.1 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 319.3 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 350.4 | 350.4 | 339.4 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 45.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
41
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 106.6 | 106.6 | 116.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Adrienne's Gourmet Foods, Imagine Baking, Inc | (#,^) | 1034 Hancock St., Sandusky, OH 44870 | Food Manufacturing | Term Loan | Prime plus 2.75% | 11/12/2029 | 468.2 | 468.2 | 473.4 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Adrienne's Gourmet Foods, Imagine Baking Inc | (#,^) | 1034 Hancock St., Sandusky, OH 44870 | Food Manufacturing | Term Loan | Prime plus 2.75% | 11/12/2044 | 395.0 | 395.0 | 446.0 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Steven French dba French Woodworking | (#,^) | 1101 Horizon Dr Ste 101, Fairfield, CA 94533 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/12/2044 | 60.8 | 60.8 | 68.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ameen Enterprises, LLC dba Bargain Town | (#,^) | 1111 E Washington St, Stephenville, TX 76401 | Gasoline Stations | Term Loan | Prime plus 2.75% | 11/12/2029 | 110.6 | 110.6 | 114.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Integrated Vascular Services LLC | (#,^) | 1452 Franklin Ave, Salem, OR 44460 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 11/8/2029 | 70.7 | 70.7 | 65.3 | 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 | 19.6 | 19.6 | 18.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| East River Plumbing, LLC | (#,^) | 997 E Loop, Priest River, ID 83856 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/8/2044 | 48.6 | 48.6 | 54.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Link Recreational, Inc | (#,^) | 304 Business Hwy 53, Minong, WI 54859 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 11/7/2029 | 757.3 | 757.3 | 703.2 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Link Recreational, Inc | (#,^) | 304 Business Hwy 53, Minong, WI 54859 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 11/7/2044 | 382.9 | 382.9 | 429.8 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 219.8 | 219.8 | 202.1 | 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 | 1,378.9 | 0.37 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sunburst Trout Farm, LLC | (#,^) | 314 Industrial Park Dr, Waynesville, NC 28786 | Fishing, Hunting and Trapping | Term Loan | Prime plus 2.75% | 10/31/2044 | 225.9 | 225.9 | 255.1 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Guru Kirpa, Inc | (#,^) | 3006 New Castle Ave, New Castle, DE 19720 | Gasoline Stations | Term Loan | Prime plus 2.75% | 10/31/2044 | 189.9 | 189.9 | 207.0 | 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 | 14.8 | 14.8 | 14.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Maine Service Corp | (#,^) | 59-24 55th St., Maspeth, NY 11378 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 10/31/2029 | 109.8 | 109.8 | 115.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 138.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fave Realty, Inc. | (#,^) | 217-84 Hempstead Ave, Jamaica, NY 11429 | Real Estate | Term Loan | Prime plus 2.75% | 10/31/2044 | 113.6 | 113.6 | 128.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 261.6 | 261.6 | 274.3 | 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 | 153.7 | 153.7 | 141.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dub Industries LLC | (#,^) | 4112 Veiled Falls Dr, Pflugerville, TX 78660 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 10/31/2029 | 62.4 | 62.4 | 61.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kerzner Contracting Corp | (#,^) | 1620 Ocean Ave, Bohemia, NY 11716 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 10/31/2029 | 98.8 | 98.8 | 90.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| D & H Construction Services, Inc. | (#,^) | 711 Hospital St., Richmond, VA 23219 | Construction of Buildings | Term Loan | Prime plus 2.75% | 10/31/2029 | 123.0 | 123.0 | 116.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
42
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MJ Group, Inc | (#,^) | 26691 Loma Verde, Mission Viejo, CA 92691 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 10/31/2029 | 18.7 | 18.7 | 17.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 151.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sunburst Trout Farm, LLC | (#,^) | 314 Industrial Park Dr, Waynesville, NC 28786 | Fishing, Hunting and Trapping | Term Loan | Prime plus 2.75% | 10/31/2029 | 59.3 | 59.3 | 62.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Automotive Solutions, LLC | (#,^) | 1910 W. Dupont Rd, Fort Wayne, IN 46818 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/31/2044 | 292.6 | 292.6 | 325.2 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 57.1 | 57.1 | 53.2 | 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 | 1,018.8 | 1,018.8 | 986.1 | 0.27 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Paul Wintner dba P & R Props | (#,^) | 23901 Calabasas Rd, Calabasas, CA 91302 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 10/30/2029 | 49.8 | 49.8 | 45.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 77.1 | 77.1 | 71.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| BGB Leasing Co. | (#,^) | 50 Industrial Park Rd, Princeton, KY 42445 | Truck Transportation | Term Loan | Prime plus 2.75% | 10/30/2044 | 87.4 | 87.4 | 98.7 | 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 | 139.0 | 139.0 | 127.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Corple Enterprises, Inc | (#,^) | 17887 US-380, Ponder, TX 76259 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 10/28/2029 | 146.7 | 146.7 | 149.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 65.9 | 65.9 | 60.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Perisseia Physicians LLC | (#,^) | 1644 Lebanon Rd, Lawrenceville, GA 30043 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 10/28/2044 | 388.5 | 388.5 | 421.9 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.0 | 7.0 | 6.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| OWL Inc, | (#,^) | 5300 S Orange Blossom Trail, Orlando, FL 32839 | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 10/28/2029 | 187.1 | 187.1 | 171.8 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| iLoka Inc. dba NewCloud Networks | (#,^) | 160 Inverness Dr W, Ste 150, Englewood, CO 80112 | Computer and Electronic Product Manufacturing | Term Loan | Prime plus 2.75% | 10/25/2029 | 87.8 | 87.8 | 92.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 92.2 | 92.2 | 84.7 | 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 | 10.5 | 10.5 | 9.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Diamond Solutions LLC | (#,^) | 8321 E Gelding Dr, Scottsdale, AZ 85260 | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 10/25/2029 | 11.2 | 11.2 | 10.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 61.7 | 61.7 | 63.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.6 | 18.6 | 17.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 19.8 | 19.8 | 18.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
43
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.2 | 11.2 | 11.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.9 | 12.9 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Todd's Car Wash, LLC | (#,^) | 5505 Johnston St., Lafayette, LA 70506 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/18/2044 | 333.9 | 333.9 | 376.9 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| UNIQUE PAVER INSTALLATIONS, INC. | (#,^) | 4930 Mars Hill Rd, Bogart, GA 30622 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 10/17/2029 | 20.2 | 20.2 | 19.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Roughcut LLC | (#,^) | 41540 National Rd, Belmont, OH 43718 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 10/17/2029 | 442.5 | 442.5 | 463.9 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 238.9 | 238.9 | 225.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Pine Mountain Residential LLC | (#) | 10240 Cosmopolitan Circle, Parker, CO 80134 | Specialty Trade Contractors | Term Loan | Prime plus 6.5% | 10/16/2029 | 11.2 | 11.2 | 11.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Powerlift Dumbwaiters, Inc | (#) | 2444 Georgia Slide Rd, Georgetown, CA 95634 | Machinery Manufacturing | Term Loan | Prime plus 6.5% | 10/16/2029 | 10.7 | 10.7 | 11.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 297.0 | 297.0 | 283.1 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 145.7 | 145.7 | 135.4 | 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 | 11.2 | 11.2 | 11.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Q2 Ventures, LLC | (#,^) | 2805 W Arimo Rd, Arimo, ID 83214 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 10/8/2029 | 155.9 | 155.9 | 160.0 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.5 | 14.5 | 13.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 185.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 161.9 | 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 | 751.3 | 751.3 | 808.0 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 197.0 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SPIRE Manufacturing Solutions LLC | (#,^) | 1440 Newport Rd, Colorado Springs, CO 80916 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/30/2044 | 985.8 | 985.8 | 1,113.0 | 0.30 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 415.6 | 415.6 | 465.9 | 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 | 7.7 | 7.7 | 7.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 57.9 | 57.9 | 53.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 71.9 | 71.9 | 72.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
44
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 234.5 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 606.1 | 606.1 | 660.0 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 67.8 | 67.8 | 62.9 | 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 | 43.6 | 43.6 | 42.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hoagie Barmichaels Inc | (#,^) | 1101 River Rd, New Windsor, NY 12553 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/27/2044 | 109.9 | 109.9 | 117.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Wagner & Sons Inc | (#,^) | 22365 Alydar Dr, Lexington Park, MO 20653 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 9/27/2029 | 16.3 | 16.3 | 15.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.1 | 55.1 | 57.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Universe Appliance Repairs Inc. | (#,^) | 3790 Merrick Rd, Seaford, NY 11783 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/27/2044 | 569.8 | 569.8 | 610.1 | 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 | 956.2 | 956.2 | 923.6 | 0.25 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Titan Laser Screed Concrete Services, LLC | (#,^) | 8908 Wildlife Lane, Sanford, FL 32771 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 9/27/2029 | 43.6 | 43.6 | 40.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Zmetra Clearspan Structures LLC | (#,^) | 2 Old Worcester Rd, Webster, MA 01571 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 9/27/2044 | 427.2 | 427.2 | 482.3 | 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 | 174.8 | 174.8 | 160.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Universe Appliance Repairs Inc. | (#,^) | 3790 Merrick Rd, Seaford, NY 11783 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/27/2029 | 577.6 | 577.6 | 553.0 | 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 | 421.1 | 421.1 | 475.5 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 691.0 | 691.0 | 749.0 | 0.20 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 441.7 | 441.7 | 417.3 | 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 | 63.4 | 63.4 | 59.9 | 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 | 19.7 | 19.7 | 20.3 | 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 | 51.9 | 51.9 | 54.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Quality Machine of Iowa, Inc | (#,^) | 1040 4th Ave, Audubon, IA 50025 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/25/2029 | 58.9 | 58.9 | 61.6 | 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 | 97.8 | 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 | 183.2 | 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 | 153.2 | 153.2 | 173.0 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
45
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Standard Real Estate Services LLC | (#) | 500 West Silver Spring Dr, Ste K 200,, Glendale, WI 53217 | Real Estate | Term Loan | Prime plus 6.5% | 9/19/2029 | 11.1 | 11.1 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 506.3 | 506.3 | 548.3 | 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 | 11.1 | 11.1 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.5 | 10.5 | 9.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 52.8 | 52.8 | 51.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Win Health Institute, LLC | (#,^) | 711 E Valley Rd, Basalt, CO 81621 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/17/2029 | 6.5 | 6.5 | 6.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Game Station, Inc. | (#,^) | 2917 1st Ave SE, Cedar Rapids, IA 52402 | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 9/16/2029 | 17.7 | 17.7 | 17.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 522.8 | 522.8 | 590.2 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| The Steel Method LLC dba Sneeze It | (#,^) | 250 Passaic Ave Ste 200, Fairfield, NJ 07004 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/12/2029 | 147.1 | 147.1 | 135.3 | 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 | 33.4 | 33.4 | 31.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 131.4 | 131.4 | 143.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ACSS CPA, LLC | (#,^) | 1016 S Texas Blvd, Weslaco, TX 78599 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/12/2044 | 38.8 | 38.8 | 42.6 | 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 | 293.0 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.3 | 10.3 | 10.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 190.5 | 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 | 101.0 | 101.0 | 97.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 39.3 | 39.3 | 36.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Eco Electric LLC | (#,^) | 5380 Cameron St, Las Vegas, NV 89118 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 9/5/2029 | 57.3 | 57.3 | 52.6 | 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 | 54.5 | 54.5 | 50.2 | 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 | 63.5 | 63.5 | 64.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| No Push Backs, LLC | (#) | 2223 Dungan Ave, Bensalem, PA 19020 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 8/30/2029 | 10.8 | 10.8 | 11.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dog House Sportfishing Charters Inc | (#) | 83413 Overseas Hwy, Islamorada, FL 33036 | Scenic and Sightseeing Transportation | Term Loan | Prime plus 6.5% | 8/30/2029 | 11.1 | 11.1 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
46
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 94.0 | 94.0 | 103.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 3C Consumer Network & Designs LLC | (#,^) | 7676 Hillmont St., Ste 109, Houston, TX 77040 | Real Estate | Term Loan | Prime plus 2.75% | 8/29/2029 | 13.0 | 13.0 | 12.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 78.2 | 78.2 | 82.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,024.6 | 0.28 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 44.4 | 44.4 | 44.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.6 | 34.6 | 36.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 83.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| HRS2, LLC | (#,^) | 5410 Pipers Creek Court, Sugar Land, TX 77479 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 8/28/2029 | 200.4 | 200.4 | 202.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 58.2 | 58.2 | 65.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Linsey Schwertdfeger,, Inc. | (#,^) | 740 Dennery Rd, San Diego, CA 92154 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/28/2029 | 61.4 | 61.4 | 57.1 | 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 | 416.9 | 416.9 | 394.9 | 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 | 84.3 | 84.3 | 81.7 | 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 | 44.7 | 44.7 | 49.7 | 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 | 19.5 | 19.5 | 17.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| PJT Logistics, Inc. | (#,^) | 2-4 Commerce Way, Auburn, NY 13021 | Truck Transportation | Term Loan | Prime plus 2.75% | 8/23/2029 | 43.3 | 43.3 | 45.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 76.8 | 76.8 | 80.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SRJ construction Corp | (#,^) | 8358 W Oakland Park Blvd. #203E, Sunrise, FL 33351 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 8/23/2029 | 9.9 | 9.9 | 9.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| MS Integrated Psychotherapy & Counseling, LLC | (#,^) | 1157 Main St., Clifton, NJ 07011 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 8/22/2029 | 64.3 | 64.3 | 62.4 | 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 | 15.8 | 15.8 | 16.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 81.1 | 81.1 | 84.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
47
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 167.7 | 167.7 | 167.2 | 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 | 11.9 | 11.9 | 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 | 20.0 | 20.0 | 18.7 | 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 | 146.1 | 146.1 | 152.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 97.4 | 97.4 | 95.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| American Healthy Vending, Inc | (#,^) | 5951 NW 151 St., Hialeah, FL 33014 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 8/15/2029 | 92.0 | 92.0 | 87.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 116.5 | 116.5 | 108.7 | 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 | 15.0 | 15.0 | 13.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ranson Excavating, Inc | (#,^) | 8343 Kaula Dr, Fair Oaks, CA 95628 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 8/13/2029 | 12.9 | 12.9 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| KM Electrical Services, Inc | (#,^) | 4348 Waialae Ave Unit 315, HONOLULU, HI 96816 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 8/12/2029 | 68.0 | 68.0 | 62.5 | 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 | 157.4 | 157.4 | 149.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 16.9 | 16.9 | 15.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.1 | 11.1 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Accord Law, APC | (#,^) | 82555 Grass Flat Lane, Indio, CA 92203 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/2/2029 | 6.5 | 6.5 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Leader Engineering-Fabrication, Inc. | (#,^) | 695 Independence DrIive, Napoleon, OH 43545 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 8/2/2029 | 108.4 | 108.4 | 113.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Billy Auto Inc | (#,^) | 632 N Broadway, Amityville, NY 11701 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 7/31/2044 | 314.4 | 314.4 | 337.7 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 473.1 | 473.1 | 450.1 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 693.3 | 693.3 | 686.7 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.5 | 3.5 | 3.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.8 | 9.8 | 9.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 436.1 | 436.1 | 447.8 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 2.75% | 1/31/2030 | 124.6 | 124.6 | 117.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
48
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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. 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 | 64.5 | 64.5 | 59.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| La Mount Group LLC | (#,^) | 3111 Princeton Rd, Hamilton, OH 45011 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/31/2029 | 219.8 | 219.8 | 201.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 116.1 | 116.1 | 112.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Canyon Lake Kids Academy, LLC | (#,^) | 130 Charter Oak Dr, Canyon Lake, TX 78133 | Social Assistance | Term Loan | Prime plus 2.75% | 7/31/2044 | 95.0 | 95.0 | 105.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 184.5 | 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 | 16.8 | 16.8 | 15.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Grad Street LLC | (#) | 2437 Corinth Ave Apt 130, Los Angeles, CA 90064 | Nonstore Retailers | Term Loan | Prime plus 6.5% | 7/30/2029 | 6.7 | 6.7 | 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 | 762.9 | 762.9 | 818.4 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Micheal Birch and Tracy M. Pierce | (#,^) | E 2947 H-44, Traunik, MI 49891 | Gasoline Stations | Term Loan | Prime plus 2.75% | 7/29/2044 | 52.7 | 52.7 | 58.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.9 | 7.9 | 8.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sou's LLC | (#,^) | 739 NE MLK Blvd, Portland, OR 97221 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/26/2029 | 5.1 | 5.1 | 5.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dan Dahlin Inc. | (#,^) | 16465 MN-65, Ham Lake, MN 55304 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 7/26/2044 | 396.7 | 396.7 | 447.9 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Power Associates Inc. | (#,^) | 2766 West Good CT, Boise, ID 83702 | Real Estate | Term Loan | Prime plus 2.75% | 7/26/2029 | 12.9 | 12.9 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 46.6 | 46.6 | 48.8 | 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 | 96.9 | 96.9 | 109.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.4 | 6.4 | 5.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hardrock Alpha Enterprises, LLC | (#,^) | 5101 Stine Rd, Bakersfield, CA 93313 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 7/19/2029 | 13.6 | 13.6 | 12.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.8 | 8.8 | 9.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| JDM2 Water Station LLC | (#,^) | 125 Chestnut Hill Dr, York, PA 17408 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 7/18/2029 | 179.9 | 179.9 | 176.0 | 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 | 112.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bonfire Hot Yoga LLC | (#,^) | 3665 SW Hall Blvd, Beaverton, OR 97005 | Educational Services | Term Loan | Prime plus 2.75% | 7/18/2029 | 7.1 | 7.1 | 6.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.1 | 11.1 | 11.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Baton Rouge Cargo Services Inc | (#,^) | 6013 McRaven Rd, Jackson, MS 39209 | Support Activities for Transportation | Term Loan | Prime plus 2.75% | 7/17/2044 | 283.4 | 283.4 | 309.6 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Adam Family Bowl Inc | (#,^) | 1504 Chestnut St., Mishawaka, IN 46545 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 7/16/2044 | 129.0 | 129.0 | 142.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
49
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 965.8 | 965.8 | 1,042.9 | 0.28 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bouquet Canyon Kennels | (#,^) | 29973 Bouquet Canyon Rd, Santa Clarita, CA 91390 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 7/16/2044 | 292.3 | 292.3 | 312.6 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Beacon Metal Fabricators, Inc. | (#,^) | 5425-D Hamilton Ave, Cleveland, OH 44114 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 7/12/2029 | 60.2 | 60.2 | 59.3 | 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 | 98.3 | 98.3 | 106.5 | 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 | 68.1 | 68.1 | 63.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Menskha Inc | (#) | 88 High St., Mountclair, NJ 07042 | Ambulatory Health Care Services | Term Loan | Prime plus 6.5% | 7/10/2029 | 11.0 | 11.0 | 11.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.8 | 12.8 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 206.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.8 | 12.8 | 11.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Anderson Companies LLC | (#,^) | 3015 S White Horse Pike, Hammonton, NJ 08037 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/28/2044 | 203.1 | 203.1 | 222.8 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 827.5 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 125.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 5161 LLC | (#,^) | 1478 E Mountain Dr, Santa Barbara, CA 93108 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 6/28/2029 | 540.5 | 540.5 | 559.5 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 230.4 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,203.6 | 1,203.6 | 1,292.9 | 0.35 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sundown Audio, LLC | (#,^) | 514 West 21St St., Newton, NC 28658 | Computer and Electronic Product Manufacturing | Term Loan | Prime plus 2.75% | 6/28/2044 | 878.1 | 878.1 | 947.3 | 0.26 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 123.3 | 123.3 | 139.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Crestview Ridge Farms LLC | (#,^) | 1172 Co Rd 956, Ashland, OH 44805 | Crop Production | Term Loan | Prime plus 2.75% | 6/28/2044 | 520.5 | 520.5 | 573.8 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 80.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Baobab Asset Management LLC | (#,^) | 2 Greenwich Office Park, Ste 260, Greenwich, CT 06831 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/28/2029 | 44.6 | 44.6 | 40.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Southern Specialties Transportation LLC | (#,^) | 116 Toledo Dr, Lafayette, LA 70506 | Truck Transportation | Term Loan | Prime plus 2.75% | 6/28/2029 | 59.1 | 59.1 | 61.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Balboa Fashion LLC | (#,^) | 1016 S. Towne Ave, Unit 123, Los Angeles, CA 90021 | Apparel Manufacturing | Term Loan | Prime plus 2.75% | 6/28/2029 | 6.4 | 6.4 | 5.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 102.5 | 102.5 | 94.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
50
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 Shopping Lane, Covina, CA 91723 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/28/2044 | 343.5 | 343.5 | 360.0 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 242.3 | 242.3 | 261.2 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| NJ Floats Inc | (#,^) | 1 Robertson Rd, Ste 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 41.6 | 41.6 | 38.1 | 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 | 8.9 | 8.9 | 8.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tim's Truck Capital & Auto Sales, Inc | (#,^) | 904 Suncook Valley Hwy, Epsom, NH 03234 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 6/27/2029 | 181.3 | 181.3 | 189.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 194.7 | 194.7 | 219.8 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,086.2 | 0.29 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 172.5 | 172.5 | 161.8 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Boucherie US Inc | (#,^) | 251 Little Falls Dr, Wilmington, DE 19807 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/27/2029 | 1,077.8 | 1,077.8 | 986.5 | 0.27 | % | |||||||||||||||||||||||||||||||||||||||||||||
| BB Services, LLC | (#,^) | 580 39 Rd, Palisade, CO 81526 | Truck Transportation | Term Loan | Prime plus 2.75% | 6/27/2029 | 99.6 | 99.6 | 93.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Crescent Event Productions, Inc | (#,^) | 1327 Wood Branch Dr, Charlotte, NC 28273 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/27/2029 | 298.7 | 298.7 | 281.0 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 213.3 | 213.3 | 205.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tekoa Enterpises, Inc | (#,^) | 1033 Cannon Bridge Rd, Cordova, SC 29039 | Truck Transportation | Term Loan | Prime plus 2.75% | 6/26/2029 | 50.5 | 50.5 | 48.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 82.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Soft Touch Tissue & Paper LLC | (#,^) | 1491 Hammond St., Bangor, ME 04401 | Paper Manufacturing | Term Loan | Prime plus 2.75% | 6/26/2044 | 227.5 | 227.5 | 256.9 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 345.0 | 345.0 | 341.1 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| JFK Transportation Inc | (#,^) | 4 Mechanic St., Natick, MA 01760 | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 6/26/2029 | 89.6 | 89.6 | 84.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 142.5 | 142.5 | 151.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Soft Touch Tissue & Paper LLC | (#) | 1491 Hammond, Bangor, MA 04401 | Paper Manufacturing | Term Loan | Prime plus 2.75% | 12/26/2029 | 100.4 | 100.4 | 105.3 | 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 | 559.3 | 559.3 | 631.4 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Vanchoc Transport Inc | (#,^) | 137 3rd St, Brooklyn, NY 11231 | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 6/25/2029 | 37.2 | 37.2 | 36.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
51
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paradise Towing & Recovery Inc | (#,^) | 1115 S Homer Blvd, Sanford, NC 27330 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/25/2029 | 90.4 | 90.4 | 90.1 | 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 | 472.0 | 472.0 | 507.9 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 123.7 | 123.7 | 113.3 | 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 | 134.8 | 134.8 | 146.7 | 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 | 42.7 | 42.7 | 40.4 | 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 | 70.9 | 70.9 | 80.1 | 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 | 184.3 | 184.3 | 203.5 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sweets By Karla LLC | (#,^) | 3273 South John Young Pkwy, Kissimmee, FL 34746 | Food Manufacturing | Term Loan | Prime plus 2.75% | 6/24/2029 | 10.9 | 10.9 | 10.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Scissor Kids Inc | (#,^) | 63 Hebron Ave, Ste F, Glastonbury, CT 06033 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/24/2029 | 13.9 | 13.9 | 12.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Peninsula Self Defense LLC | (#,^) | 2766 Bay Rd, Redwood City, CA 94063 | Educational Services | Term Loan | Prime plus 2.75% | 6/21/2029 | 4.5 | 4.5 | 4.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.0 | 11.0 | 11.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 53.2 | 53.2 | 48.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 273.0 | 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 | 84.5 | 84.5 | 85.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Campuscuts LLC | (#) | 930 Robtrice Ct, Edmond, OK 73430 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 6/21/2029 | 6.6 | 6.6 | 6.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Central Texas Hygiene, LLC. | (#,^) | 10201 McKalla Place, Austin, TX 78758 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/20/2029 | 73.8 | 73.8 | 67.6 | 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 | 256.7 | 256.7 | 235.0 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Zion Motors Inc | (#,^) | 6949 Wall Triana Hwy, Madison, AL 35757 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 6/19/2044 | 58.7 | 58.7 | 63.6 | 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 | 67.8 | 67.8 | 75.4 | 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 | 6.4 | 6.4 | 6.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.0 | 11.0 | 11.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 181.9 | 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 | 16.9 | 16.9 | 15.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
52
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 264.7 | 264.7 | 256.6 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 92.1 | 92.1 | 86.6 | 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 | 43.6 | 43.6 | 48.4 | 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 | 4.4 | 4.4 | 4.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| GT Performance Plus Inc | (#,^) | 4210 College St., Beaumont, TX 77707 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 6/11/2044 | 96.3 | 96.3 | 107.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ivesters Transportation, Inc | (#,^) | 4299 South 2675 West, Roy, UT 84067 | Truck Transportation | Term Loan | Prime plus 2.75% | 6/11/2029 | 213.7 | 213.7 | 200.9 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| GT Performance Plus Inc | (#,^) | 4210 College St., Beaumont, TX 77707 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 6/11/2029 | 66.8 | 66.8 | 61.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Archer Cleaners Inc | (#) | 1514 W. 33rd St., Chicago, IL 60608 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 6/10/2029 | 11.0 | 11.0 | 11.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Independent Transport, LLC dba Independent Water | (#,^) | 3739 E Ridgeway Rd, Orange, CA 92867 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 6/10/2029 | 174.3 | 174.3 | 170.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 234.0 | 234.0 | 257.7 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.2 | 34.2 | 32.8 | 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 | 97.8 | 97.8 | 107.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| J&A Elliott Company | (#,^) | 1118 Thornberry Dr, Clarksville, TN 37043 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 6/7/2029 | 9.0 | 9.0 | 9.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.9 | 10.9 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Skin Beauty Bar Inc | (#,^) | 749 8th St., Washington, DC 20003 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/6/2029 | 4.5 | 4.5 | 4.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 405.3 | 405.3 | 423.5 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 259.2 | 259.2 | 269.0 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.4 | 6.4 | 5.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| V & M Transportation LLC | (#,^) | 1307 27th St. Apt B, North Bergen, NJ 07047 | Truck Transportation | Term Loan | Prime plus 2.75% | 5/31/2029 | 11.1 | 11.1 | 10.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 52.9 | 52.9 | 48.8 | 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 | 42.4 | 42.4 | 44.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
53
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 99.5 | 99.5 | 93.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 469.4 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Aspen Welding LLC | (#,^) | 28803 US-6, Rifle, CO 81650 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 5/30/2044 | 395.2 | 395.2 | 434.8 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 84.8 | 84.8 | 78.0 | 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 | 867.0 | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Canela Media Inc | (#,^) | 2715 Palomino Circle, La Jolla, CA 92037 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/29/2029 | 100.6 | 100.6 | 95.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.2 | 4.2 | 4.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.8 | 34.8 | 39.3 | 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 | 79.0 | 79.0 | 72.4 | 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 | 8.4 | 8.4 | 8.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Top Notch Roofing, Inc | (#,^) | 46 Cherry St., Milton, VT 05468 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 5/23/2029 | 104.2 | 104.2 | 97.8 | 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 | 112.9 | 112.9 | 117.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| McGuckin & Pyle Inc | (#,^) | 120 Corporate Ln, New Bern, NC 28562 | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 5/23/2044 | 297.8 | 297.8 | 327.8 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clowers Trucking By Faith LLC | (#) | 705 E Brookwood PL, Valdosta, GA 31601 | Truck Transportation | Term Loan | Prime plus 6.5% | 5/23/2029 | 10.8 | 10.8 | 11.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 95.3 | 95.3 | 87.9 | 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 | 12.8 | 12.8 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.2 | 17.2 | 16.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kappa Investments LLC dba Buddy's Home Furnishings | (#,^) | 365 Lowe's Dr, Ste H, Danville, VA 24540 | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 5/17/2029 | 368.5 | 368.5 | 338.4 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 215.3 | 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 | 216.9 | 216.9 | 226.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.9 | 2.9 | 2.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| AMP Trucking Inc | (#,^) | 1030 Gettysburg Ave, Clovis, CA 93161 | Truck Transportation | Term Loan | Prime plus 2.75% | 5/16/2029 | 220.9 | 220.9 | 202.2 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
54
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 15.9 | 15.9 | 16.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 42.3 | 42.3 | 47.0 | 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 | 358.3 | 358.3 | 399.2 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Aloha To Go LLC | (#,^) | 5903 Seminole Blvd, Seminole, FL 33772 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/9/2029 | 13.1 | 13.1 | 12.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.9 | 8.9 | 9.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Blue Country Firearms LLC | (#,^) | 221 N Main St, Kingsfisher, OK 73750 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 5/8/2044 | 20.3 | 20.3 | 21.6 | 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 | 10.9 | 10.9 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.3 | 4.3 | 3.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| EPIFAB,LLC | (#,^) | 1341 Brooks St. Unit D, Ontario, CA 91762 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 5/3/2029 | 18.0 | 18.0 | 17.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.7 | 17.7 | 16.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.1 | 5.1 | 4.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 102.5 | 102.5 | 115.8 | 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 | 4.7 | 4.7 | 4.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Modern Trousseau, LLC | (#,^) | 125 Bradley Rd, Woodbridge, CT 06525 | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 5/1/2029 | 265.5 | 265.5 | 268.6 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 54.6 | 54.6 | 55.7 | 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 | 33.6 | 33.6 | 35.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ASM Partners LLC | (#,^) | 1619 Roberts Dr SE, Mableton, GA 30126 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 4/26/2029 | 205.4 | 205.4 | 200.9 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sona USA, Inc | (#,^) | 15280 NW 79th Ct Ste 109, Miami Lakes, FL 33016 | Telecommunications | Term Loan | Prime plus 2.75% | 4/26/2029 | 142.1 | 142.1 | 136.4 | 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 | 111.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 455.5 | 455.5 | 510.6 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 130.2 | 130.2 | 136.0 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
55
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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, 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 | 421.6 | 421.6 | 403.1 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 41.0 | 41.0 | 38.0 | 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 | 52.6 | 52.6 | 49.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bottles on Broadway, LLC | (#,^) | 1083 North Broadway, North Massapequa, NY 11758 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 4/17/2029 | 108.2 | 108.2 | 100.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 105.1 | 105.1 | 97.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Expert Building Services LLC | (#,^) | 74 Roosevelt St., Pequannock Township, NJ 07440 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 4/17/2029 | 17.2 | 17.2 | 15.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.8 | 10.8 | 11.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rello, Inc. dba ID Salon | (#) | 8063 Jericho Turnpike, Woodbury, NY 11797 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 4/17/2029 | 5.2 | 5.2 | 5.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 45.5 | 45.5 | 49.1 | 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 | 7.6 | 7.6 | 6.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 67.2 | 67.2 | 62.9 | 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 | 93.5 | 93.5 | 93.6 | 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 | 8.2 | 8.2 | 7.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 84.2 | 84.2 | 77.1 | 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 | 37.0 | 37.0 | 34.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Maxiflex LLC | (#,^) | 512 Verret St., New Orleans, LA 70114 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 4/11/2029 | 52.5 | 52.5 | 54.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| VRGE Strategies LLC | (#,^) | 1155 15th St NW, Washington, DC 20005 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/10/2029 | 82.6 | 82.6 | 75.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Georgetown Milling Co, LLC | (#,^) | 9001 Wentworth Springs Rd, Georgetown, CA 95634 | Wood Product Manufacturing | Term Loan | Prime plus 2.75% | 4/9/2029 | 10.7 | 10.7 | 10.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 513.6 | 513.6 | 533.3 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Marnon Enterprise LLC | (#,^) | 6713 Biscay Hbr, San Antonio, TX 78249 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 4/5/2029 | 4.0 | 4.0 | 3.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.7 | 51.7 | 54.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Complete Care IT LLC | (#,^) | 4801 South University Dr Ste 125, Davie, FL 33328 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/29/2029 | 43.8 | 43.8 | 40.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
56
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 45.3 | 45.3 | 42.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.4 | 43.4 | 39.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Knoxville Room Service | (#,^) | 10670 Parkside Dr, Knoxville, TN 37922 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 3/29/2029 | 5.6 | 5.6 | 5.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 620.9 | 620.9 | 661.6 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 668.3 | 668.3 | 621.5 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| La Favorita Radio Network | (#,^) | 4043 Geer Rd, Hughson, CA 95326 | Broadcasting (except Internet) | Term Loan | Prime plus 2.75% | 3/29/2029 | 283.9 | 283.9 | 268.5 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 83.4 | 83.4 | 76.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bright Freight Solution, LLC | (#,^) | 1112 N Main St, Manteca, CA 95336 | Truck Transportation | Term Loan | Prime plus 2.75% | 3/29/2029 | 892.3 | 892.3 | 856.6 | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 138.0 | 138.0 | 126.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 476.7 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| EJ & James Transport LLC | (#,^) | 3100 Drewsky Lane Unit 108, Fort Mills, SC 29715 | Truck Transportation | Term Loan | Prime plus 2.75% | 3/29/2029 | 7.9 | 7.9 | 7.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hamsons Inc. | (#,^) | 4900 Hopyard Rd, Pleasanton, CA 94588 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 3/29/2029 | 156.4 | 156.4 | 143.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 39.5 | 39.5 | 44.6 | 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 | 728.5 | 0.20 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bayco Enterprises, Inc | (#,^) | 128 Cowesett Ave, West Warwick, RI 02893 | Gasoline Stations | Term Loan | Prime plus 2.75% | 3/29/2044 | 191.3 | 191.3 | 216.0 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Royalty Freight Inc. | (#,^) | 3728 W McKinley Ave, Fresno, CA 93772 | Truck Transportation | Term Loan | Prime plus 2.75% | 3/29/2029 | 357.6 | 357.6 | 346.9 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Pizzaplex L3C | (#,^) | 4458 West Vernor Hwy, Detroit, MI 48209 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/29/2029 | 37.4 | 37.4 | 34.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Stillwater Ventures, LLC | (#,^) | 8272 W. Sunset Blvd, Los Angeles, CA 90048 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 3/29/2029 | 321.5 | 321.5 | 317.6 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.7 | 12.7 | 12.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Custom Vinyl Products LLC | (#,^) | 260 Enterprise Dr, Newport News, VA 23603 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 3/28/2044 | 974.7 | 974.7 | 1,065.2 | 0.29 | % | |||||||||||||||||||||||||||||||||||||||||||||
| J.C. Pallet Company, Inc. | (#,^) | 18427 New Kent Hwy, Barhamsville, VA 23011 | Wood Product Manufacturing | Term Loan | Prime plus 2.75% | 3/28/2029 | 375.5 | 375.5 | 372.4 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cleland Pharmacy LLC | (#,^) | 202 S First St., Wakeeney, KS 67672 | Health and Personal Care Stores | Term Loan | Prime plus 2.75% | 3/28/2029 | 18.9 | 18.9 | 19.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
57
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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% | 3/28/2029 | 260.9 | 260.9 | 251.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cocomo Joe's LLC | (#,^) | 3949 New Rd, Youngstown, OH 44515 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/28/2029 | 2.9 | 2.9 | 2.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.2 | 43.2 | 40.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Skaggs RV Outlet ,LLC | (#,^) | 301 Commerce Dr, Elizabethtown, KY 42701 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 3/28/2029 | 208.1 | 208.1 | 217.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 565.9 | 565.9 | 610.3 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 62.8 | 62.8 | 65.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 138.1 | 138.1 | 126.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.8 | 4.8 | 4.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| District 5 Boutique LLC | (#,^) | 317 N Farview Ave, Paramus, NJ 07652 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 3/26/2029 | 104.3 | 104.3 | 95.3 | 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 | 1,330.6 | 0.36 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.0 | 5.0 | 4.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 681.2 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,092.9 | 1,092.9 | 1,135.5 | 0.31 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 253.5 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 445.5 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Pitman Holding LLC | (#,^) | 1116 E Main St, Richmond, VA 23219 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/21/2029 | 6.3 | 6.3 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| American Trails Transport, LLC | (#,^) | 8704 Grand Ave, Billings, MT 59106 | Truck Transportation | Term Loan | Prime plus 2.75% | 3/21/2029 | 45.9 | 45.9 | 43.9 | 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 | 209.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 151.3 | 151.3 | 138.8 | 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 | 333.5 | 333.5 | 325.8 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
58
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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.,,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 | 341.8 | 341.8 | 366.7 | 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 | 41.7 | 41.7 | 38.1 | 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 | 2.8 | 2.8 | 2.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Game Station, Inc. | (#,^) | 2917 1st Ave SE, Cedar Rapids, IA 52402 | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 3/19/2029 | 219.7 | 219.7 | 210.2 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 77.8 | 77.8 | 72.5 | 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 | 48.0 | 48.0 | 50.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Vanchoc Transport Inc | (#,^) | 137 3rd St, Brooklyn, NY 11231 | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 3/15/2029 | 73.1 | 73.1 | 66.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 234.0 | 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 | 53.8 | 53.8 | 49.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 73.1 | 73.1 | 70.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 213.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kalloren Provel LLC | (#,^) | 6919 Oak Ridge Commerce Way, Austell, GA 30168 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 3/8/2044 | 271.0 | 271.0 | 297.7 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 194.1 | 194.1 | 216.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 52.3 | 52.3 | 48.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Wildflour Bakery & Cafe LLC | (#,^) | 5137 Clareton Dr Ste 100,110 & 120, Agoura Hills, CA 91301 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/8/2029 | 73.2 | 73.2 | 66.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.7 | 21.7 | 24.1 | 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 | 131.8 | 131.8 | 120.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Wooter Apparel, Inc | (#,^) | 727 Page Ave., Staten Island, NY 10307 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 2/28/2029 | 41.4 | 41.4 | 38.4 | 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 | 4.1 | 4.1 | 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 | 18.4 | 18.4 | 20.8 | 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 | 17.9 | 17.9 | 16.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
59
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shah Medical Center SC & Heeena Shyamani | (#,^) | 484 Summit St, Elgin, IL 60120 | Hospitals | Term Loan | Prime plus 2.75% | 2/28/2044 | 244.0 | 244.0 | 253.9 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Matrix Z LLC | (#) | 800 SW 21st Terrace, Ft Lauderdale, FL 33312 | Nonmetallic Mineral Product Manufacturing | Term Loan | Prime plus 6.5% | 2/27/2029 | 10.7 | 10.7 | 11.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.0 | 13.0 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 124.6 | 124.6 | 114.9 | 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 | 34.2 | 34.2 | 32.0 | 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 | 40.4 | 40.4 | 36.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 90.4 | 90.4 | 94.3 | 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 | 39.5 | 39.5 | 36.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 115.8 | 115.8 | 106.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 135.0 | 135.0 | 131.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Integris Roofing, Inc | (#,^) | 1174 Yellostone Dr, Lake Arrowhead, CA 92532 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 2/15/2029 | 18.6 | 18.6 | 17.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 96.4 | 96.4 | 89.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 133.0 | 133.0 | 150.2 | 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 | 12.4 | 12.4 | 13.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.9 | 51.9 | 47.8 | 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 | 66.4 | 66.4 | 60.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 42.1 | 42.1 | 38.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 140.7 | 140.7 | 134.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.7 | 12.7 | 12.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Creative Counseling Nashville PLLC | (#,^) | 4119 Gallatin Pike, Nashville, TN 37216 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 2/7/2029 | 1.5 | 1.5 | 1.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| RIHAHN INC dba RDBL, INC. | (#,^) | 1397 McGuire Rd, Lamar, AR 72846 | Forestry and Logging | Term Loan | Prime plus 2.75% | 2/5/2029 | 5.8 | 5.8 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
60
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.6 | 47.6 | 44.6 | 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 | 12.5 | 12.5 | 13.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 29.7 | 29.7 | 27.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| MYC Motors Inc | (#,^) | 3808 Vegas Dr, Las Vegas, NV 89108 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 1/30/2044 | 72.1 | 72.1 | 81.4 | 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 | 203.5 | 203.5 | 186.0 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 68.0 | 68.0 | 62.2 | 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 | 73.5 | 73.5 | 68.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hilco Athletics & Graphics Inc | (#,^) | 55 Green Hill St., West Warwick, RI 02816 | Apparel Manufacturing | Term Loan | Prime plus 2.75% | 1/16/2044 | 66.3 | 66.3 | 74.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.6 | 51.6 | 49.6 | 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 | 74.7 | 74.7 | 69.1 | 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 | 41.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rashed and Shabila LLC | (#,^) | 14865 Hwy 92, Woodstock, GA 30188 | Gasoline Stations | Term Loan | Prime plus 2.75% | 1/4/2029 | 18.5 | 18.5 | 17.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 210.4 | 210.4 | 192.2 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 535.8 | 535.8 | 579.0 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 560.5 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.0 | 18.0 | 20.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 104.8 | 104.8 | 105.8 | 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 | 552.5 | 552.5 | 623.8 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 375.1 | 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 | 328.7 | 328.7 | 371.1 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Medworxs Inc. | (#,^) | 6857 Timbers Dr, Evergreen, CO 80439 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/27/2028 | 8.6 | 8.6 | 8.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 123.5 | 123.5 | 139.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
61
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 445.8 | 445.8 | 503.3 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fave Realty Inc. | (#,^) | 74 Larkfield Rd, East Northport, NY 11731 | Real Estate | Term Loan | Prime plus 2.75% | 12/27/2043 | 118.6 | 118.6 | 133.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Reservations Unlimited LLC | (#) | 312 W Main St., Red River, NM 87558 | Real Estate | Term Loan | Prime plus 2.75% | 12/26/2043 | 136.6 | 136.6 | 154.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 478.8 | 478.8 | 540.5 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| RM Hawkins LLC | (#,^) | 5141 Topaz Dr, Colorado Springs, CO 80918 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 12/24/2028 | 244.7 | 244.7 | 248.2 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 777.1 | 0.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 82.3 | 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 | 306.0 | 306.0 | 312.1 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.2 | 9.2 | 9.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Royalty Freight Inc | (#,^) | 3728 W McKinley Ave, Fresno, CA 93722 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/21/2028 | 79.9 | 79.9 | 79.1 | 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 | 586.7 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 187.7 | 187.7 | 190.7 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 86.1 | 86.1 | 85.2 | 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 | 97.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Diamond Estates LLC | (#,^) | 110 Court St Ste 1, Cromwell, CT 06416 | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/21/2028 | 61.2 | 61.2 | 60.6 | 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 | 194.0 | 194.0 | 195.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 97.1 | 97.1 | 96.9 | 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 | 61.2 | 61.2 | 60.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| C&D Trucking & Equipment Service, Inc. | (#,^) | 4015 Jennings Rd, Cleveland, OH 44109 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/21/2043 | 112.4 | 112.4 | 126.9 | 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 | 106.1 | 106.1 | 105.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
62
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Alaska Motor Home Inc | (#,^) | 6633 Brayton Dr, Anchorage, AK 99507 | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 12/20/2028 | 252.7 | 252.7 | 257.5 | 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 | 159.6 | 159.6 | 158.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.0 | 51.0 | 53.8 | 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 | 158.5 | 158.5 | 162.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hotel Compete, LLC | (#,^) | 223 W Jackson Blvd, Chicago, IL 60606 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/20/2028 | 51.0 | 51.0 | 50.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 37.7 | 37.7 | 37.9 | 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 | 149.1 | 149.1 | 168.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 341.0 | 341.0 | 359.6 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 44.0 | 44.0 | 44.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 405.6 | 405.6 | 457.9 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 56.2 | 56.2 | 55.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 61.5 | 61.5 | 62.7 | 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 | 436.2 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 95.2 | 95.2 | 107.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 313.2 | 313.2 | 311.6 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alpha Omega Trucking LLC | (#,^) | 14432-14452 Stateline Rd, Brookings, OR 97415 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/14/2028 | 57.2 | 57.2 | 60.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 259.1 | 259.1 | 261.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Healthy Human, LLC | (#,^) | 1007 Johnnie Dodds Blvd., Ste 123, Mount Pleasant, SC 29464 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 12/14/2028 | 101.9 | 101.9 | 100.9 | 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 | 224.9 | 224.9 | 226.6 | 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 | 12.2 | 12.2 | 12.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
63
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 192.1 | 192.1 | 216.9 | 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 | 272.2 | 272.2 | 275.6 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.9 | 12.9 | 12.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Peanut Butter & Co., Inc. | (#,^) | 119 West 57th St., Ste 300, New York, NY 10019 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/14/2028 | 204.0 | 204.0 | 201.9 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sound Contracting LLC | (#,^) | 148 Holmgren Place, Girdwood, AK 99587 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 12/14/2043 | 189.4 | 189.4 | 213.8 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sound Contracting LLC | (#,^) | 148 Holmgren Place, Girdwood, AK 99587 | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/14/2028 | 34.1 | 34.1 | 34.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| OC Helicopters LLC | (#,^) | 19711 Campus Dr Ste 260, Santa Ana, CA 92707 | Air Transportation | Term Loan | Prime plus 2.75% | 12/13/2028 | 73.4 | 73.4 | 77.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 422.0 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Plan B Burger LLC | (#,^) | 484 Farmington Ave, Hartford, CT 06105 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/13/2029 | 860.9 | 860.9 | 870.0 | 0.24 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 938.6 | 938.6 | 1,059.7 | 0.29 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 243.4 | 243.4 | 240.9 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 115.3 | 115.3 | 130.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.4 | 8.4 | 8.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,020.1 | 1,020.1 | 1,045.0 | 0.28 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 207.1 | 207.1 | 233.8 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 199.0 | 199.0 | 207.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 49.1 | 49.1 | 48.6 | 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 | 55.4 | 55.4 | 56.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 35.4 | 35.4 | 36.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 32.8 | 32.8 | 32.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| TFE Resources ,LTD | (#,^) | 11 Easter Court Ste G, Owings Mills, MD 21117 | Utilities | Term Loan | Prime plus 2.75% | 1/11/2029 | 475.9 | 475.9 | 478.2 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 195.0 | 195.0 | 220.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
64
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 123.3 | 123.3 | 139.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| EMES Supply, LLC | (#,^) | 35622 Vine St., EastLake, OH 44095 | General Merchandise Stores | Term Loan | Prime plus 2.75% | 1/11/2029 | 103.9 | 103.9 | 104.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.1 | 7.1 | 7.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 40.8 | 40.8 | 46.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 375.8 | 375.8 | 424.3 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ZLM Services LLC | (#,^) | 51343 Oro Rd, Shelby Township, MI 33444 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/10/2029 | 32.7 | 32.7 | 32.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 58.5 | 58.5 | 58.1 | 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 | 966.4 | 966.4 | 974.4 | 0.26 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 169.7 | 169.7 | 179.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 209.5 | 209.5 | 221.4 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.0 | 47.0 | 46.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Levine Daycare Inc dba Kids R Kids | (#,^) | 415 Woodbury Rd, Orlando, FL 32828 | Social Assistance | Term Loan | Prime plus 2.75% | 1/5/2029 | 220.8 | 220.8 | 224.0 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 116.1 | 116.1 | 115.4 | 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 | 158.8 | 158.8 | 157.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| York Concrete Corp | (#,^) | 1 Plumb CT., Huntington Station, NY 11746 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/3/2043 | 192.1 | 192.1 | 216.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Swantown Inn and Spa, LLC | (#,^) | 1431 11th Ave SE, Olympia, WA 98501 | Accommodation | Term Loan | Prime plus 2.75% | 1/3/2029 | 11.1 | 11.1 | 11.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 216.4 | 216.4 | 244.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Water Station Holdings LLC | (#,^) | 1104 N Keystone Ave, Indianapolis, IN 46201 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 12/30/2028 | 536.9 | 536.9 | 551.8 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cabrera's Auto Services LLC | (#,^) | 2206 N Central Ave, Chicago, IL 60639 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 11/30/2043 | 77.8 | 77.8 | 87.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Microplex Co, Third Market LLC | (#,^) | 244 Spokane Ave, Whitefish, MT 59937 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 12/30/2028 | 133.8 | 133.8 | 132.7 | 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 | 101.5 | 101.5 | 105.9 | 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
65
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JJB Production LLC | (#,^) | 458 N 7th St., Newark, NJ 07107 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/29/2028 | 6.0 | 6.0 | 5.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 71.1 | 71.1 | 73.0 | 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 | 62.4 | 62.4 | 70.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Extreme Granite Corp | (#,^) | 251 NW 1st St., Deerfield Beach, FL 33441 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/28/2043 | 179.9 | 179.9 | 203.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 86.6 | 86.6 | 97.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| True Love Christian Academy LLC | (#,^) | 466 E Raines Rd, Memphis, TN 38109 | Social Assistance | Term Loan | Prime plus 2.75% | 12/28/2043 | 40.3 | 40.3 | 45.5 | 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 | 1,046.5 | 1,046.5 | 1,103.7 | 0.30 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 33.6 | 33.6 | 33.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.3 | 18.3 | 18.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Thames Aquatic Club, LLC | (#,^) | 14 Iron St., Ledyard, CT 06339 | Educational Services | Term Loan | Prime plus 2.75% | 10/21/2029 | 37.9 | 37.9 | 40.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Commonwealth Warehouse Inc | (#,^) | 11013 Kenwood Rd., Cincinnati, OH 45242 | Warehousing and Storage | Term Loan | Prime plus 2.75% | 12/20/2028 | 343.3 | 343.3 | 350.4 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 630.6 | 630.6 | 712.0 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| K & A Automotive Inc | (#,^) | 2070 Nooseneck Hill Rd, Coventry, RI 02816 | Gasoline Stations | Term Loan | Prime plus 2.75% | 11/19/2043 | 117.2 | 117.2 | 132.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| High Desert Transport, Inc. | (#,^) | 2015 Woodspring Terrace, Henderson, NV 89012 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/19/2028 | 60.7 | 60.7 | 61.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cali Fit Meals | (#,^) | 3450 East Orangethrope Ave, Anaheim, CA 92806 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/16/2028 | 50.9 | 50.9 | 50.4 | 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 | 32.9 | 32.9 | 34.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 36.7 | 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 | 67.4 | 67.4 | 76.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Schafer Fisheries Inc. | (#,^) | 21985 Waller Rd, Fulton, IL 61252 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 11/14/2028 | 43.4 | 43.4 | 45.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Salon Femi LLC | (#,^) | 1107 Broad St., Bloomfield, NJ 07003 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/9/2028 | 6.1 | 6.1 | 6.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
66
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 373.0 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| McNeill Stokes | (#,^) | 5372 Whitehall Pl SE, Mableton, GA 30126 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/8/2028 | 5.5 | 5.5 | 5.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 402.1 | 402.1 | 454.0 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 263.6 | 263.6 | 260.9 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Modutech Marine Inc | (#,^) | 2218 Marine View Dr, Tacoma, WA 98422 | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 12/1/2028 | 304.4 | 304.4 | 321.0 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 89.3 | 89.3 | 88.9 | 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 | 120.6 | 120.6 | 136.1 | 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 | 202.3 | 202.3 | 228.4 | 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 | 66.7 | 66.7 | 66.7 | 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 | 50.7 | 50.7 | 51.0 | 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 | 118.3 | 118.3 | 124.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.1 | 8.1 | 8.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 66.6 | 66.6 | 75.1 | 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 | 73.6 | 73.6 | 83.1 | 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 | 137.6 | 137.6 | 137.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.7 | 21.7 | 24.5 | 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 | 60.4 | 60.4 | 63.7 | 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 | 36.7 | 36.7 | 41.5 | 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 | 12.0 | 12.0 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Apps Inc and Market Share Inc. | (#,^) | 80 Main St., Old Saybrook, CT 06475 | Telecommunications | Term Loan | Prime plus 2.75% | 10/5/2028 | 71.9 | 71.9 | 71.1 | 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 | 41.8 | 41.8 | 41.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 769.7 | 0.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
67
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 84.5 | 84.5 | 87.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Burd Brothers Inc. | (#,^) | 4005 Borman Dr, Batavia, OH 45103 | Truck Transportation | Term Loan | Prime plus 2.75% | 9/28/2028 | 421.7 | 421.7 | 433.6 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Throop Family Holdings, Inc | (#,^) | 7130 Crater Lake, White City, OR 97603 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 9/28/2043 | 614.7 | 614.7 | 694.0 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 143.3 | 143.3 | 142.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 316.6 | 316.6 | 357.4 | 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 | 637.4 | 637.4 | 637.2 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.9 | 11.9 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 48.4 | 48.4 | 48.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Quality Electric & Data | (#,^) | 85 Franklin Rd Unit 9B, Dover, NJ 07801 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 9/27/2028 | 79.2 | 79.2 | 81.3 | 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 | 123.9 | 123.9 | 139.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Catherine Brandon, PSY.D., Inc dba Kenneth A Deluca, PH.D., & Associat | (#,^) | 35888 Center Ridge Rd, Ste 5 & 6, North Ridgeville, OH 44039 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/27/2028 | 94.1 | 94.1 | 93.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 241.3 | 241.3 | 248.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| TFR Transit Inc, The Free Ride Inc, South Florida Free Ride Inc.,Tag-A | (#,^) | 777 South Flagler Dr Ste 800W, West Palm Beach, FL 33401 | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 9/27/2028 | 99.6 | 99.6 | 101.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.9 | 11.9 | 11.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ace Auto Recovery, Inc. | (#,^) | 1209 North Lane Ave, Jacksonville, FL 32254 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 9/26/2043 | 152.6 | 152.6 | 172.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 528.0 | 528.0 | 596.1 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| LTS School, Inc. | (#,^) | 3731 NW 9th Ave, Deerfield Beach, FL 33064 | Educational Services | Term Loan | Prime plus 2.75% | 9/26/2043 | 96.9 | 96.9 | 109.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.2 | 4.2 | 4.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 99.5 | 99.5 | 99.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Phillip Ramos Upholstery Inc. | (#,^) | 3835 Elm St., Denver, CO 80207 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/24/2028 | 12.3 | 12.3 | 12.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.1 | 43.1 | 43.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
68
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 225.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| DC Lofty, LLC, | (#,^) | 301 I St. NW, Washington, DC 20001 | Accommodation | Term Loan | Prime plus 2.75% | 9/21/2028 | 17.9 | 17.9 | 17.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| MillClem Corporation & Monticello Corporation | (#,^) | 16660 Oak St., Dillwyn, VA 22936 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 9/21/2043 | 316.0 | 316.0 | 356.8 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Southern Services and Equipment, Inc | (#,^) | 321 Bayou Rd, Saint Bernard, LA 70085 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/21/2028 | 337.0 | 337.0 | 345.2 | 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 | 5.2 | 5.2 | 5.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.9 | 17.9 | 17.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 401.5 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 478.5 | 478.5 | 540.2 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Super Station Inc | (#,^) | 8855 N Country Rd 25A, Pique, OH 45356 | Gasoline Stations | Term Loan | Prime plus 2.75% | 9/19/2043 | 199.9 | 199.9 | 225.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 103.6 | 103.6 | 117.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| C3 Capital, Inc | (#,^) | 10010 N. Hampton Cove Lane, Indianapolis, IN 46236 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 9/19/2028 | 505.2 | 505.2 | 521.9 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.8 | 4.8 | 4.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 167.5 | 167.5 | 189.1 | 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 | 4.8 | 4.8 | 4.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Culmination Motorsports, Inc. | (#,^) | 160 W 91st Ave, Unit B, Anchorage, AK 99515 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/17/2043 | 533.9 | 533.9 | 602.8 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,192.8 | 1,192.8 | 1,346.6 | 0.36 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Innovim LLC | (#,^) | 6401 Golden Triangle Dr Ste 200, Greenbelt, MD 20770 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/14/2028 | 88.1 | 88.1 | 87.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| J & C Garcia LLC | (#,^) | 26 Broad St., Alexander City, AL 35010 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/14/2028 | 59.0 | 59.0 | 58.8 | 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 | 39.9 | 39.9 | 40.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 64.6 | 64.6 | 64.0 | 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 | 116.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
69
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 94.5 | 94.5 | 106.7 | 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 | 99.7 | 99.7 | 99.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rancho Paving, Inc | (#,^) | 339 Cypress Lane, El Cajon, CA 92020 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/10/2028 | 149.0 | 149.0 | 155.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.9 | 17.9 | 17.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 259.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.4 | 12.4 | 12.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 86.0 | 86.0 | 97.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Trolley Express Philly, Inc dba Shuttlebee &Honeybee Transportation LL | (#,^) | 3401 Market St. Ste 200, Philadelphia, PA 19104 | Support Activities for Transportation | Term Loan | Prime plus 2.75% | 9/6/2028 | 7.0 | 7.0 | 7.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 401.8 | 401.8 | 453.7 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 92.7 | 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 | 429.9 | 429.9 | 485.4 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Greenfield Hill Wines & Spirits, LLC | (#,^) | 65 Hillside Rd, Fairfield, CT 06824 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 8/29/2028 | 72.5 | 72.5 | 71.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kotyark LLC dba Gibsonton Motel | (#,^) | 11545 US Hwy 41S, Gibsonton, FL 33534 | Accommodation | Term Loan | Prime plus 2.75% | 8/29/2043 | 78.8 | 78.8 | 89.0 | 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 | 1.9 | 1.9 | 1.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Extreme Engineering, Inc. | (#,^) | 598 Oliver Dr, Troy, MI 48084 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/29/2028 | 98.4 | 98.4 | 97.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Graphish Studio, Inc. | (#,^) | 231 Main St., Stamford, CT 06901 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/28/2028 | 5.9 | 5.9 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| JFK Transportation Inc | (#,^) | 4 Mechanic St, Natick, MA 01760 | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 8/28/2028 | 119.4 | 119.4 | 119.0 | 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 | 5.9 | 5.9 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 65.5 | 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 | 98.6 | 98.6 | 97.4 | 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 | 17.7 | 17.7 | 17.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
70
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 33.3 | 33.3 | 33.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Buffalo Biodiesel Inc. | (#,^) | 225 Sawyer Ave, Tonawanda, NY 14150 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 8/21/2028 | 1,051.8 | 1,051.8 | 1,092.9 | 0.30 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 71.1 | 71.1 | 70.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| GeoTek Alaska, Inc | (#,^) | 2756 Commercial Dr, Anchorage, AK 99501 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/17/2044 | 122.0 | 122.0 | 137.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ATI Jet, Inc. | (#,^) | 7007 Boeing Dr, El Paso, TX 79925 | Air Transportation | Term Loan | Prime plus 2.75% | 8/16/2028 | 160.8 | 160.8 | 165.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.2 | 14.2 | 14.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| GS Bath Inc | (#,^) | 5335 E Kaviland Ave, Fresno, CA 93725 | Truck Transportation | Term Loan | Prime plus 2.75% | 8/15/2028 | 436.4 | 436.4 | 455.8 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.9 | 34.9 | 33.0 | 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 | 9.1 | 9.1 | 9.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.7 | 17.7 | 17.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 80.7 | 80.7 | 80.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 102.7 | 102.7 | 102.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| CJNR, LLC | (#,^) | 208 East Main St., Elma, WA 98541 | Accommodation | Term Loan | Prime plus 2.75% | 8/7/2043 | 116.3 | 116.3 | 131.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.0 | 3.0 | 2.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.4 | 47.4 | 47.2 | 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 | 92.6 | 92.6 | 95.8 | 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 | 5.9 | 5.9 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 326.9 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 81.1 | 81.1 | 80.1 | 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 | 388.8 | 388.8 | 400.4 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 427.5 | 427.5 | 433.5 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.7 | 5.7 | 5.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
71
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Relevant Elephant ,LLC | (#,^) | ON320 Woodvale St, Winfield, IL 60190 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 7/25/2028 | 4.4 | 4.4 | 4.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 48.7 | 48.7 | 48.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ZA Trucking LLC | (#,^) | 5945 York Way, East Lansing, MI 48823 | Truck Transportation | Term Loan | Prime plus 2.75% | 7/17/2028 | 4.1 | 4.1 | 4.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 53.8 | 53.8 | 53.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 16.5 | 16.5 | 17.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 48.8 | 48.8 | 48.2 | 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 | 8.4 | 8.4 | 8.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 243.0 | 243.0 | 250.4 | 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 | 80.4 | 80.4 | 90.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bio-Haz Solutions, Inc. | (#,^) | 23 Tonoli Rd, Nesquehoning, PA 18240 | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 5/29/2044 | 354.4 | 354.4 | 397.9 | 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 | 206.8 | 206.8 | 216.3 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.7 | 17.7 | 17.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 36.8 | 36.8 | 36.2 | 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 | 52.8 | 52.8 | 52.1 | 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% | 6/27/2043 | 27.3 | 27.3 | 30.9 | 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 | 41.5 | 41.5 | 43.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Julie Cooper-Bierman dba Forever Shopper | (#,^) | 7435 Piute Creek Dr, Corona, CA 92881 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 6/27/2028 | 12.4 | 12.4 | 12.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.5 | 17.5 | 17.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 337.2 | 337.2 | 380.7 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.7 | 38.7 | 38.1 | 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 | 100.9 | 100.9 | 113.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
72
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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, & 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 | 715.9 | 715.9 | 715.4 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sun Pools, Inc | (#,^) | 130 Holiday LN, Albany, KY 42602 | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 6/25/2043 | 290.7 | 290.7 | 322.5 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 604.7 | 604.7 | 606.2 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| DPF Filters Inc. | (#,^) | 2832 Golden State Blvd., Madera, CA 93637 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/25/2028 | 53.2 | 53.2 | 53.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 132.7 | 132.7 | 149.8 | 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 | 212.7 | 212.7 | 215.2 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 738.3 | 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 | 527.8 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 74.7 | 74.7 | 84.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 110.3 | 110.3 | 113.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 231.3 | 231.3 | 261.1 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Independent Life LLC | (#,^) | 4955 S Durango Dr, Ste124, Las Vegas, NV 89113 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/21/2028 | 44.2 | 44.2 | 43.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 268.4 | 268.4 | 303.1 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 369.0 | 369.0 | 387.6 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Colovic Hackettstown Dairy LLC | (#,^) | 22 Route 57, Hackettstown, NJ 07840 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/19/2043 | 261.8 | 261.8 | 295.6 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 120.0 | 120.0 | 135.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Schumacker Recreation, LLC | (#,^) | 5325 S University Dr, Davie, FL 33328 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/18/2028 | 116.4 | 116.4 | 122.3 | 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 | 682.3 | 682.3 | 677.0 | 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 | 138.4 | 138.4 | 156.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Venzix Ventures Inc. dba Venzix | (#,^) | 750 Legend Oak Dr, Fountain, CO 80817 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 6/15/2028 | 8.7 | 8.7 | 9.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.9 | 43.9 | 49.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
73
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tele Tax Express Inc | (#,^) | 166 Getty Ave, Paterson, NJ 07503 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/14/2028 | 17.4 | 17.4 | 18.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Team Sandy Blanton Realty, Inc | (#,^) | 1225 West Gregory St, Pensacola, FL 32502 | Real Estate | Term Loan | Prime plus 2.75% | 6/14/2043 | 92.5 | 92.5 | 104.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| E & J Sims Co. LLC | (#,^) | 28 Broad St., Bloomfield, NJ 07003 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/14/2028 | 38.8 | 38.8 | 38.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Mastiff Studios LLC | (#,^) | 2919 West Colorado Ave, Colorado Springs, CO 80904 | Educational Services | Term Loan | Prime plus 2.75% | 6/13/2043 | 40.7 | 40.7 | 46.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 40.8 | 40.8 | 46.1 | 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 | 6.4 | 6.4 | 6.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 661.2 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Anurag, LLC dba Oakwood Package Store | (#,^) | 191-195 Oakwood Ave, West Hartford, CT 06107 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 6/6/2043 | 132.7 | 132.7 | 149.8 | 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 | 243.3 | 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 | 17.6 | 17.6 | 17.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 61.4 | 61.4 | 60.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Funtime ,LLC dba Indoor Playgrounds International | (#,^) | 13200 West Foxfire Dr Ste 144, Surprise, AZ 85378 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/5/2028 | 210.2 | 210.2 | 207.3 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 48.6 | 48.6 | 50.8 | 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 | 36.4 | 36.4 | 35.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 261.8 | 261.8 | 295.6 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Seraj Wireless, LLC | (#,^) | 132 Madison Ave, Albany, NY 12202 | Electronics and Appliance Stores | Term Loan | Prime plus 2.75% | 5/31/2028 | 95.9 | 95.9 | 100.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Crowley Ventures, LLC | (#,^) | 665 Worthington Rd, Westerville, OH 43082 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/29/2028 | 57.4 | 57.4 | 57.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Iloka, Inc dba New Cloud Networks | (#,^) | 160 Inverness Dr. W Ste 150, Englewood, CO 80112 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/25/2028 | 191.7 | 191.7 | 194.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Adow Pools LLC | (#,^) | 393 Glenbrook Rd, Stamford, CT 06906 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 5/25/2028 | 133.9 | 133.9 | 133.5 | 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
74
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 83.5 | 83.5 | 82.7 | 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 | 194.0 | 194.0 | 219.0 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 93.4 | 93.4 | 105.5 | 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 | 284.0 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Chem-Flotronics, Inc. | (#,^) | 195 Paterson Ave, Little Falls, NJ 07424 | Nonmetallic Mineral Product Manufacturing | Term Loan | Prime plus 2.75% | 5/22/2028 | 76.7 | 76.7 | 76.4 | 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 | 25.9 | 25.9 | 25.7 | 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 | 48.3 | 48.3 | 47.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| On Stage Enterprises LLC, On Stage Theaters Branson, LLC, On Stage Th | (#,^) | 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 | 202.2 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 305.2 | 305.2 | 344.6 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clore Construction LLC | (#,^) | 21220 FM 1420, Harlingen, TX 78550 | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 5/16/2028 | 114.8 | 114.8 | 116.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fireplace Outlet Inc | (#,^) | 8216 Main St., Williamsville, NY 14221 | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 5/15/2028 | 13.9 | 13.9 | 14.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.8 | 5.8 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.5 | 3.5 | 3.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Circle and Square, Inc dba Stamford Kumon | (#,^) | 50 Forest St. Ste 902, Stamford, CT 06901 | Educational Services | Term Loan | Prime plus 2.75% | 5/11/2028 | 35.2 | 35.2 | 34.7 | 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 | 8.6 | 8.6 | 8.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 26.3 | 26.3 | 26.0 | 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 | 41.6 | 41.6 | 46.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Baby Gentry's Childcare & Learning Academy | (#,^) | 4203 Shenandoah Dr, Dayton, OH 45417 | Social Assistance | Term Loan | Prime plus 2.75% | 5/10/2028 | 8.6 | 8.6 | 8.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 689.0 | 689.0 | 777.9 | 0.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 46.1 | 46.1 | 47.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
75
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.3 | 38.3 | 37.8 | 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 | 184.1 | 184.1 | 190.8 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 192.4 | 192.4 | 193.1 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.0 | 9.0 | 8.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Brenden Kehren Development LLC | (#,^) | 14689 Gemara Rd, Sparta, WI 54656 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/30/2028 | 2.3 | 2.3 | 2.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Metropolitan Solutions Inc. | (#,^) | 1420 Chestnut St., Portsmouth, VA 23704 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/30/2043 | 167.9 | 167.9 | 186.4 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Saltamontes Tire Company, LLC | (#,^) | 1955 Boston Ave, Brodgeport, CT 06604 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/30/2043 | 97.1 | 97.1 | 109.6 | 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 | 7.4 | 7.4 | 7.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rory James Contracting LLC | (#,^) | 33 Bennett Place, Amityville, NY 11701 | Construction of Buildings | Term Loan | Prime plus 2.75% | 4/27/2028 | 12.2 | 12.2 | 12.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.4 | 11.4 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Suraj Enterprises, Inc. | (#,^) | 11720 W. Airport Rd, Meadows Place, TX 77477 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 4/27/2028 | 122.2 | 122.2 | 128.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 152.2 | 152.2 | 171.8 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.0 | 38.0 | 37.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| RWT Corporation dba Welding Works | (#,^) | 32 New Rd, Madison, CT 06443 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 4/26/2028 | 324.5 | 324.5 | 328.1 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.8 | 10.8 | 10.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.1 | 17.1 | 16.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| RWT Corporation dba Welding Works | (#,^) | 32 New Rd, Madison, CT 06443 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 4/26/2043 | 201.7 | 201.7 | 224.4 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Joe & Sons Service, Inc | (#,^) | 855 Atwood Ave, Cranston, RI 02920 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/24/2028 | 79.0 | 79.0 | 83.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Spitnale's Garage LLC | (#,^) | 3761 Mahoning Ave, Youngstown, OH 44515 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/20/2043 | 57.1 | 57.1 | 64.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Just for Boats LLC | (#,^) | 459 Dupre Rd, McClellanville, SC 29458 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/20/2043 | 16.6 | 16.6 | 18.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Means Enterprises LLC | (#,^) | 4150 Legacy Dr N Ste # 412, Frisco, TX 75034 | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 4/18/2028 | 5.3 | 5.3 | 5.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
76
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 12.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Veterinary Preventive Care, LLC | (#,^) | 945 Riverview Ct, Xenia, OH 45385 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/18/2028 | 35.6 | 35.6 | 35.7 | 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 | 11.4 | 11.4 | 11.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| A New Dawn Psychotherapy Associates, LLC | (#,^) | 308 E Broad St, Bethlehem, PA 18018 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 4/18/2043 | 82.9 | 82.9 | 93.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Southern HVAC LLC | (#,^) | 119 Ouachita 212, Camden, AZ 71701 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 4/17/2043 | 21.3 | 21.3 | 24.0 | 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 | 348.2 | 348.2 | 393.1 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Southern HVAC LLC | (#,^) | 119 Ouachita 212, Camden, AR 71701 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 4/17/2028 | 30.1 | 30.1 | 30.7 | 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 | 39.7 | 39.7 | 44.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Precision Components Group Inc | (#,^) | 190 Doty Circle, West Springfield, MA 01089 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 4/11/2028 | 17.1 | 17.1 | 17.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sexy Nails Center LLC | (#,^) | 57 Passaic St., Garfield, NJ 07026 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 4/10/2043 | 192.3 | 192.3 | 217.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Mark Baker | (#,^) | 1653 Evalie Dr, Fairfield, OH 45014 | Truck Transportation | Term Loan | Prime plus 2.75% | 4/9/2028 | 7.4 | 7.4 | 7.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Innovation Transport LLC | (#,^) | 1 International Blvd, Ste 400, Mahwah, NJ 07495 | Truck Transportation | Term Loan | Prime plus 2.75% | 4/6/2028 | 39.1 | 39.1 | 40.1 | 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 | 4.0 | 4.0 | 3.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Shree Lakshminarayyn Grocery Stores LLC | (#,^) | 3307 Charles St., Rockford, IL 61108 | Gasoline Stations | Term Loan | Prime plus 2.75% | 4/5/2043 | 113.6 | 113.6 | 128.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.6 | 51.6 | 58.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 289.2 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 199.5 | 199.5 | 196.6 | 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 | 329.8 | 329.8 | 372.4 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 158.5 | 158.5 | 157.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alaska Industrial Paint LLC | (#,^) | 229 Whitney Rd, Unit B, Anchorage, AK 99501 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/30/2028 | 93.9 | 93.9 | 98.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alaska Industrial Paint LLC | (#,^) | 229 Whitney Rd Unit B, Anchorage, AK 99501 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/30/2043 | 210.9 | 210.9 | 238.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 73.6 | 73.6 | 72.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fifth Wheel Truck Stop 001 | (#,^) | 3767 S Golden State Blvd, Fresno, CA 93725 | Gasoline Stations | Term Loan | Prime plus 2.75% | 3/30/2043 | 1,092.2 | 1,092.2 | 1,226.4 | 0.33 | % | |||||||||||||||||||||||||||||||||||||||||||||
77
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.3 | 21.3 | 24.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Technical Ordnance Solutions,LLC | (#,^) | 9950 Business Circle, Ste 13, Naples, FL 34112 | Fabricated Metal Product Manufacturing | Term Loan | 7.75% | 3/30/2028 | 1,039.2 | 1,039.2 | 942.6 | 0.26 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Payne's Environmental Services LLC | (#,^) | 5617 Causeway Blvd, Tampa, FL 33619 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/30/2028 | 170.6 | 170.6 | 174.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 768.4 | 0.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.0 | 12.0 | 12.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 103.0 | 103.0 | 116.3 | 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 | 168.1 | 168.1 | 171.4 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1,184.1 | 1,184.1 | 1,336.9 | 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 | 123.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 65.9 | 65.9 | 69.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 231.3 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| K.C. Communications, Inc. | (#,^) | 2715 Saturn St., Brea, CA 92821 | Telecommunications | Term Loan | Prime plus 2.75% | 3/27/2028 | 47.0 | 47.0 | 49.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 509.4 | 509.4 | 566.7 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Aque Investment Group LLC | (#,^) | 3838 N. Sam Houston Pkwy E, Houston, TX 77032 | Real Estate | Term Loan | Prime plus 2.75% | 3/23/2028 | 199.9 | 199.9 | 209.5 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sofasco, Inc | (#,^) | 182 Garber Lane, Winchester, VA 22602 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 3/23/2043 | 94.5 | 94.5 | 106.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 98.8 | 98.8 | 101.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 72.5 | 72.5 | 73.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cable Management, LLC | (#,^) | 200 Pratt St., Meriden, CT 06450 | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 3/23/2028 | 60.5 | 60.5 | 62.6 | 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 | 46.9 | 46.9 | 49.1 | 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 | 55.8 | 55.8 | 58.5 | 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 | 17.0 | 17.0 | 16.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
78
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| GeoTek Alaska, Inc | (#,^) | 2756 Commercial Dr, Anchorage, AK 99501 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/21/2043 | 803.7 | 803.7 | 907.3 | 0.25 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 32.1 | 32.1 | 31.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 958.7 | 958.7 | 974.6 | 0.26 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.5 | 8.5 | 8.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 188.8 | 188.8 | 197.9 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.3 | 11.3 | 11.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 490.7 | 490.7 | 554.0 | 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 | 50.6 | 50.6 | 50.4 | 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 | 21.3 | 21.3 | 24.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rojenco II,Inc. | (#,^) | 4357 Shore Dr, Virginia Beach, VA 23455 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/15/2043 | 73.0 | 73.0 | 82.4 | 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 | 73.0 | 73.0 | 82.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rojenco II, Inc. | (#,^) | 4357 Shore Dr, Virginia Beach, VA 23455 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/15/2043 | 380.5 | 380.5 | 429.6 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 15.1 | 15.1 | 14.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| SRG Waterfront LLC | (#,^) | 88 District Square SW, Washington, DC 20005 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/9/2028 | 218.8 | 218.8 | 216.8 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 25.0 | 25.0 | 24.6 | 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 | 7.7 | 7.7 | 7.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 99.5 | 99.5 | 112.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Merciful Heavenly Homes, LLC | (#,^) | 401 Dillar's Mill Rd, Tyner, NC 27980 | Nursing and Residential Care Facilities | Term Loan | 8% | 2/28/2043 | 62.8 | 62.8 | 58.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 112.3 | 112.3 | 126.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 167.5 | 167.5 | 175.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
79
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Carey Collision Repairs Inc. | (#,^) | 295 D Bucheimer Rd, Fredrick, MD 21701 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 2/27/2028 | 55.9 | 55.9 | 55.7 | 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 | 336.0 | 336.0 | 379.3 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.6 | 3.6 | 3.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Jackpine Technologies Corporation | (#,^) | 1 Mill & Main Pl., Ste 330, Maynard, MA 01754 | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 2/22/2028 | 27.7 | 27.7 | 29.0 | 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 | 31.8 | 31.8 | 31.7 | 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 | 11.2 | 11.2 | 11.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| New View Media Group LLC | (#,^) | 1 Old Wolfe Rd Ste 205, Budd Lake, NJ 07828 | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 2/16/2028 | 52.9 | 52.9 | 55.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 49.3 | 49.3 | 51.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 100.4 | 100.4 | 113.3 | 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 | 9.5 | 9.5 | 9.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| JumboMarkets, Inc. | (#,^) | 15500 SW Trail Dr, Indiantown, FL 34956 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 2/13/2028 | 154.7 | 154.7 | 154.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Tony Herring & Associates, Inc. | (#,^) | 211 West Camellia Dr, Slidell, LA 70458 | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 2/9/2028 | 6.1 | 6.1 | 6.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.2 | 55.2 | 55.9 | 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 | 1,044.9 | 1,044.9 | 1,069.2 | 0.29 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 389.7 | 389.7 | 383.3 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 63.9 | 63.9 | 64.0 | 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 | 8.9 | 8.9 | 9.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.2 | 11.2 | 11.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Chace Building Supply of CT Inc., | (#,^) | 90 Route 171, Woodstock, CT 06281 | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 1/31/2043 | 282.7 | 282.7 | 319.2 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Rocco'sLandscaping LLC | (#,^) | 151 Kitts Lane, Newington, CT 06111 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/31/2043 | 70.7 | 70.7 | 79.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
80
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.1 | 11.1 | 11.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 44.8 | 44.8 | 50.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| New Phaze Packaging Inc | (#,^) | 9533 Irondale Ave, Los Angeles, CA 91311 | Paper Manufacturing | Term Loan | Prime plus 2.75% | 1/26/2043 | 904.0 | 904.0 | 1,020.6 | 0.28 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 73.8 | 73.8 | 74.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Parati USA Inc | (#,^) | 1018 Wilt Ave, Ridgefield, NJ 07657 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 1/25/2028 | 12.5 | 12.5 | 12.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 101.5 | 101.5 | 106.4 | 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 | 5.6 | 5.6 | 5.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Weeping Willow Kennels, Inc. | (#,^) | 6041 Hammond School Rd, Salisbury,, MD 21804 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 1/19/2028 | 7.8 | 7.8 | 8.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Lavish Specs Inc | (#,^) | 262 Glen St., Glen Cove, NY 11542 | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 1/19/2028 | 5.5 | 5.5 | 5.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 108.6 | 108.6 | 122.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| MedWorxs Inc. | (#,^) | 6857 Timbers Dr., Evergreen, CO 80439 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 1/18/2028 | 58.1 | 58.1 | 57.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 48.1 | 48.1 | 47.3 | 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 | 4.5 | 4.5 | 4.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.4 | 11.4 | 12.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sandfree Systems LLC | (#,^) | 116 Cricket Ave Ste B, Ardmore, PA 19003 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 1/5/2028 | 5.5 | 5.5 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 45.6 | 45.6 | 45.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Social Link LLC | (#,^) | 41Peabody St., Nashville, TN 37210 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/29/2027 | 8.2 | 8.2 | 8.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 225.3 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Morrocco Method, Inc | (#,^) | 800 Farroll Rd, Grover Beach, CA 93433 | Chemical Manufacturing | Term Loan | Prime plus 2.75% | 12/27/2042 | 684.7 | 684.7 | 773.0 | 0.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Muckamuck Trucks, Inc. | (#,^) | 510 S Spring St., Ukiah, CA 95482 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/22/2027 | 10.0 | 10.0 | 10.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 568.9 | 568.9 | 581.3 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3,960.1 | 1.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
81
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 45.7 | 45.7 | 46.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.8 | 8.8 | 8.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 27.9 | 27.9 | 28.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| CT Auto Spa LLC | (#,^) | 39 Albany Turnpike, West Simsbury, CT 06092 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/21/2027 | 157.4 | 157.4 | 165.7 | 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 | 177.7 | 177.7 | 200.6 | 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 | 17.0 | 17.0 | 17.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 54.9 | 54.9 | 57.1 | 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 | 4.6 | 4.6 | 4.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 100.0 | 100.0 | 112.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 164.5 | 164.5 | 167.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 420.9 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Capital Containers LLC | (#,^) | 7610 Auburn Blvd #4B, Citrus Heights, CA 95610 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/15/2027 | 10.6 | 10.6 | 10.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 311.4 | 311.4 | 351.5 | 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 | 16.5 | 16.5 | 16.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ocean Trans LLC & Dehal Trucking LLC | (#,^) | 1415 W. Anderson St., Stockton, CA 95206 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/15/2042 | 589.3 | 589.3 | 665.3 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.3 | 43.3 | 44.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 62.9 | 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 | 738.7 | 738.7 | 753.7 | 0.20 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 248.7 | 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 | 393.7 | 393.7 | 401.2 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
82
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Royalty Freight Inc | (#,^) | 3728 W Mckinley Ave, Fresno, CA 93722 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/14/2027 | 490.6 | 490.6 | 499.5 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Heung Kyun Im | (#,^) | 6235 Conlan Bay Dr, Houston, TX 77041 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 12/14/2027 | 11.3 | 11.3 | 11.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 171.0 | 171.0 | 193.1 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 610.1 | 610.1 | 621.1 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Nichols Fire and Security LLC | (#,^) | 1906 Vanderhorn Dr, Memphis, TN 38134 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/13/2042 | 82.5 | 82.5 | 93.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 94.0 | 94.0 | 106.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clore Construction LLC | (#,^) | 21220 FM 1420, Harlingen, TX 78550 | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 12/12/2027 | 336.9 | 336.9 | 351.0 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 308.2 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 528.3 | 528.3 | 551.6 | 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 | 37.7 | 37.7 | 38.4 | 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 | 403.9 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clear Sound Communications, Inc | (#,^) | 680 Old Medford Ave, Medford, NY 11763 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/8/2027 | 2.7 | 2.7 | 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 | 366.1 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ODS Inc | (#,^) | 626 N Delsea Dr, Glassboro, NJ 08028 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 12/6/2027 | 35.9 | 35.9 | 37.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Healthcare Interventions, Inc dba Brightstar Healthcare of & Brightsta | (#,^) | 5300 W. Atlantic Ave. Ste 501, Delray Beach, FL 33484 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/4/2027 | 11.0 | 11.0 | 11.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| PS Camping Inc. | (#,^) | 43595 US Hwy 50, Canon City, CO 81212 | Accommodation | Term Loan | 8.25% | 12/1/2027 | 17.9 | 17.9 | 17.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 19.7 | 19.7 | 22.3 | 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 | 41.2 | 41.2 | 42.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Utara LLC | (#,^) | 214 Pine St, Sandpoint, ID 83864 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/1/2027 | 17.1 | 17.1 | 17.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
83
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Square1 Partners, LLC | (#,^) | 1088 Greenbriar Lane, Northbrook, IL 60062 | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 12/1/2027 | 45.6 | 45.6 | 46.5 | 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 | 75.9 | 75.9 | 79.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| WTI Distribution Inc | (#,^) | 5491 E Francis St, Ontario, CA 91761 | Support Activities for Transportation | Term Loan | Prime plus 2.75% | 11/30/2027 | 28.9 | 28.9 | 30.1 | 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 | 6.5 | 6.5 | 6.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.0 | 9.0 | 9.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Our Playhouse Preschool, LLC | (#,^) | 3501 NC Hwy 54 W, Chapel hill, NC 27516 | Social Assistance | Term Loan | Prime plus 2.75% | 11/29/2042 | 220.3 | 220.3 | 248.7 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| OPH Lexington, Inc | (#,^) | 235 Walton Ave, Lexington, KY 40502 | Social Assistance | Term Loan | Prime plus 2.75% | 11/29/2042 | 179.2 | 179.2 | 202.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 119.6 | 119.6 | 135.0 | 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 | 13.5 | 13.5 | 14.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.7 | 50.7 | 51.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Step Up Academy of the Arts, LLC | (#,^) | 2258A Wigwam Pkwy, Henderson, NV 89074 | Educational Services | Term Loan | Prime plus 2.75% | 11/22/2027 | 11.4 | 11.4 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cali Fit Meals | (#,^) | 3450 East Orangethrope Ave, Anaheim, CA 92806 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/21/2027 | 16.3 | 16.3 | 17.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.6 | 51.6 | 52.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| PB Market LLC dba Pure Barre | (#,^) | 164-C Market St, Charleston, SC 29401 | Educational Services | Term Loan | Prime plus 2.75% | 11/21/2027 | 78.8 | 78.8 | 80.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| B Lam LLC | (#,^) | 9419 Kenwood Rd, Cincinnati, OH 45242 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 11/20/2042 | 170.7 | 170.7 | 192.7 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Maya Motel, LLC dba Town House Motel | (#,^) | 1701 Washington Ave, Waco, TX 76701 | Accommodation | Term Loan | Prime plus 2.75% | 11/17/2042 | 53.7 | 53.7 | 60.6 | 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 | 38.4 | 38.4 | 39.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SSI Refrigerated Express Inc. and Robert M Stallone | (#,^) | 1001 E. Cooley Dr Ste 102, Colton, CA 92324 | Truck Transportation | Term Loan | Prime plus 2.75% | 11/17/2027 | 45.2 | 45.2 | 46.3 | 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 | 50.7 | 50.7 | 52.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 184.3 | 184.3 | 208.1 | 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 | 562.9 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.7 | 12.7 | 14.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
84
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 445.3 | 445.3 | 502.7 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.0 | 7.0 | 7.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.9 | 10.9 | 11.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| JNP Delivery Inc | (#,^) | 4500 North Providence # 7, Appleton, WI 54913 | Couriers and Messengers | Term Loan | 6% | 11/7/2027 | 6.8 | 6.8 | 6.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| His Loving Hands Christian Academy, Inc. | (#,^) | 15020 Harrison St., Miami, FL 33176 | Social Assistance | Term Loan | Prime plus 2.75% | 11/6/2042 | 86.2 | 86.2 | 97.3 | 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 | 144.5 | 144.5 | 163.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.4 | 5.4 | 5.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Top Quality Dent Service LLC | (#,^) | 1541 Vapor Trail, Colorado Springs, CO 80905 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 11/2/2027 | 4.3 | 4.3 | 4.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 49.3 | 49.3 | 50.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.4 | 5.4 | 5.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 53.0 | 53.0 | 59.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| The Five Lakes LLC | (#,^) | 13705 Holmes Rd, Kansas City, MO 64154 | Educational Services | Term Loan | Prime plus 2.75% | 10/30/2042 | 446.7 | 446.7 | 504.3 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.4 | 10.4 | 10.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sage Oil LLC | (#,^) | 8913 Egyptian Ave, Las Vegas, NV 89143 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 10/27/2027 | 7.2 | 7.2 | 7.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 29.2 | 29.2 | 30.0 | 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 | 82.3 | 82.3 | 92.9 | 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 | 10.8 | 10.8 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Schafer Fisheries Inc | (#,^) | 21985 Waller Rd, Fulton, IL 61252 | Food Manufacturing | Term Loan | Prime plus 2.75% | 10/25/2027 | 27.0 | 27.0 | 28.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.8 | 47.8 | 49.0 | 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 | 124.3 | 124.3 | 140.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Blueridge Armor LLC | (#,^) | 1495 Hwy 74-A Bypass, Ste 150192, Spindale, NC 28160 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 10/17/2027 | 5.9 | 5.9 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
85
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | 60.8 | 60.8 | 57.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cortez Landscaping, LLC | (#,^) | 4 Powder Rd, Norwalk, CT 06854 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 10/13/2027 | 13.7 | 13.7 | 14.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| On Call Services LLC | (#,^) | 15060 281St Ave NW, Zimmerman, MN 55398 | Construction of Buildings | Term Loan | Prime plus 2.75% | 10/13/2027 | 12.9 | 12.9 | 13.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.8 | 38.8 | 39.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.7 | 10.7 | 10.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 69.2 | 69.2 | 70.9 | 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 | 65.3 | 65.3 | 67.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dan Cline Transport Inc. | (#,^) | 501 State Dr, Mount Vernon, MO 65712 | Truck Transportation | Term Loan | Prime plus 2.75% | 9/29/2030 | 791.7 | 791.7 | 830.7 | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sashshel Corporation | (#,^) | 676 Franklin Blvd, Somerset, NJ 08873 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/29/2042 | 199.3 | 199.3 | 225.0 | 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 | 129.1 | 129.1 | 145.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Miechella Suzette Decker | (#,^) | 3515 Main St., Exmore, VA 23350 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 9/29/2042 | 92.6 | 92.6 | 104.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Harco Metal Products Inc | (#,^) | 7895 East Acoma Dr Ste 102, Scottsdale, AZ 85260 | Primary Metal Manufacturing | Term Loan | Prime plus 2.75% | 9/29/2042 | 461.1 | 461.1 | 520.6 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 524.0 | 524.0 | 591.6 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 185.9 | 185.9 | 209.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.3 | 13.3 | 13.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 171.9 | 171.9 | 184.9 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 364.9 | 364.9 | 412.0 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Technologist Inc | (#,^) | 3120 Farview Dr, Ste 610, Falls Church, VA 22042 | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 9/27/2027 | 175.5 | 175.5 | 184.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Complete Care IT LLC | (#,^) | 4801 South University Dr, Ste 125, Davie, FL 33328 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/27/2027 | 10.4 | 10.4 | 10.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 435.6 | 435.6 | 491.8 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| KB Waterjet Cutting LLC | (#,^) | 4330 Parker Lane, Addis, LA 70710 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/22/2027 | 7.2 | 7.2 | 7.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 15.9 | 15.9 | 16.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
86
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.4 | 6.4 | 6.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 236.5 | 236.5 | 242.7 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 141.1 | 141.1 | 147.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 729.8 | 729.8 | 762.2 | 0.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 42.3 | 42.3 | 43.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Montessori Community School | (#,^) | 123 South Navarra Dr, Scotts Valley, CA 95066 | Social Assistance | Term Loan | Prime plus 2.75% | 9/20/2042 | 256.0 | 256.0 | 289.0 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.3 | 5.3 | 5.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 2.75% | 9/20/2027 | 982.5 | 982.5 | 1,032.2 | 0.28 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.5 | 47.5 | 49.9 | 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 | 3.7 | 3.7 | 3.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Party By Design Inc. | (#,^) | 61 Strafello Dr, Avon, MA 02322 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/18/2042 | 1,138.9 | 1,138.9 | 1,285.8 | 0.35 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 361.0 | 361.0 | 407.5 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clinton Food Market LLC | (#,^) | 196 East Main St., Clinton, CT 06413 | Gasoline Stations | Term Loan | Prime plus 2.75% | 9/15/2042 | 99.8 | 99.8 | 112.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 59.0 | 59.0 | 60.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.4 | 5.4 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.1 | 10.1 | 10.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alaska Motor Home Inc | (#,^) | 6633 Brayton Dr, Anchorage, AK 99507 | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 9/13/2027 | 244.6 | 244.6 | 248.5 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 158.3 | 158.3 | 178.7 | 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 | 367.1 | 367.1 | 414.4 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Health & Performance Center, LLC | (#,^) | 1862 Craigshire Rd, Saint Louis, MO 63146 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/11/2027 | 14.5 | 14.5 | 14.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.3 | 5.3 | 5.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
87
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foxtail, LLC and Tottly New Services Corp | (#,^) | 1481 Highland Ave, Cheshire, CT 06410 | Social Assistance | Term Loan | Prime plus 2.75% | 9/8/2042 | 272.6 | 272.6 | 307.8 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.8 | 3.8 | 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 | 93.7 | 93.7 | 105.7 | 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 | 355.7 | 355.7 | 401.6 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Big Coop's Trucking LLC | (#,^) | 3066 Misty Creek Dr., Swartz, MI 48473 | Truck Transportation | Term Loan | Prime plus 2.75% | 9/1/2027 | 70.9 | 70.9 | 73.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 293.3 | 293.3 | 300.2 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Parlay Disributors LLC | (#,^) | 20 Medford Ave, Ste 104, Patchogue, NY 11772 | Educational Services | Term Loan | Prime plus 2.75% | 8/25/2027 | 78.1 | 78.1 | 79.7 | 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 | 81.8 | 81.8 | 92.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 497.4 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.5 | 17.5 | 17.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 141.1 | 141.1 | 148.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Damiano Global Corp | (#,^) | 333 Birch Hills Dr, Rochester, NY 14622 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/21/2027 | 15.8 | 15.8 | 16.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.6 | 12.6 | 13.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.3 | 13.3 | 13.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.3 | 5.3 | 5.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Chester's World Enterprise LLC | (#,^) | 140 W Alameda Dr, Ste 104, Tempe, AZ 85282 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 8/16/2027 | 15.8 | 15.8 | 16.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| D'Amato & Sons Construction, Inc. | (#,^) | 117 Oak St., Amityville, NY 11701 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 8/11/2027 | 5.8 | 5.8 | 6.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.3 | 4.3 | 4.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| HMG Strategy LLC, | (#,^) | 191 Post Rd W., Westport, CT 06880 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/2/2027 | 33.3 | 33.3 | 33.8 | 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 | 49.5 | 49.5 | 55.9 | 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 | 12.9 | 12.9 | 13.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.2 | 38.2 | 35.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
88
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 15.6 | 15.6 | 15.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 151.8 | 151.8 | 156.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Gilles Peress Studio LLC | (#,^) | 76 Lafayette Ave, Brooklyn, NY 11217 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 7/25/2027 | 42.9 | 42.9 | 43.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Lil Tots' Learning Center LLC | (#,^) | 3042 S 78th St, Tampa, FL 33619 | Social Assistance | Term Loan | Prime plus 2.75% | 7/21/2042 | 26.5 | 26.5 | 29.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ocean Trans LLC | (#,^) | 1415 W Andersonr Way, Stockton, CA 95206 | Truck Transportation | Term Loan | Prime plus 2.75% | 7/21/2027 | 27.2 | 27.2 | 27.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Obok LLC | (#,^) | 2720 S. Havana St., Unit H, Aurora, CO 80014 | Food Manufacturing | Term Loan | Prime plus 2.75% | 7/21/2027 | 8.3 | 8.3 | 8.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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(OH) , Aitheras Aviation Group, LLC(FL) | (#,^) | 2301 N Marginal Rd, Cleveland, OH 44114 | Air Transportation | Term Loan | Prime plus 2.75% | 7/18/2027 | 573.7 | 573.7 | 583.9 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Wildflour Bakery & Cafe, LLC | (#,^) | 5137 Clareton Dr, Ste 100,110 & 120, Agoura Hills, CA 91301 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/17/2027 | 15.7 | 15.7 | 16.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 304.6 | 304.6 | 343.9 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.0 | 13.0 | 13.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 74.5 | 74.5 | 76.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.8 | 47.8 | 53.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.3 | 10.3 | 10.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.3 | 50.3 | 56.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 73.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Best Bees Company | (#,^) | 839 Albany St., Boston, MA 02119 | Animal Production and Aquaculture | Term Loan | Prime plus 2.75% | 6/29/2027 | 15.4 | 15.4 | 15.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 211.8 | 211.8 | 222.1 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 408.0 | 408.0 | 413.6 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.6 | 2.6 | 2.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
89
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Malhame & Company Publishers & Importers Inc. | (#,^) | 180 Orville Rd, Bohemia, NY 11780 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/29/2027 | 67.8 | 67.8 | 68.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Oakhill Farms, LLC | (#,^) | 15 Carl St., Johnston, RI 02919 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/29/2030 | 78.5 | 78.5 | 84.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 62.6 | 62.6 | 63.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 24.8 | 24.8 | 28.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Old Dominion Transportation Group, Inc. | (#,^) | 2510 Hunters Place, Ste 202, Woodbridge, VA 22192 | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 6/28/2027 | 765.1 | 765.1 | 780.5 | 0.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Citibin, Inc. | (#,^) | 254 36th St., Ste B519, Brooklyn, NY 11232 | Furniture and Related Product Manufacturing | Term Loan | Prime plus 2.75% | 6/27/2027 | 85.8 | 85.8 | 87.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 192.9 | 192.9 | 207.2 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 841.7 | 841.7 | 858.5 | 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Northern Industries, LLC | (#,^) | W 5585 Dehart Dr, Tomahawk, WI 54484 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 6/23/2042 | 53.8 | 53.8 | 60.7 | 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 | 15.4 | 15.4 | 15.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.3 | 34.3 | 34.8 | 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 | 13.4 | 13.4 | 13.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 375.9 | 375.9 | 424.4 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 289.1 | 289.1 | 326.4 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.0 | 21.0 | 23.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 57.4 | 57.4 | 64.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 86.1 | 86.1 | 97.2 | 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.4 | 2.4 | 2.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
90
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 136.3 | 136.3 | 153.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Skydive California, LLC | (#,^) | 25001 S Kasson Rd, Tracy, CA 95301 | Educational Services | Term Loan | Prime plus 2.75% | 6/2/2027 | 37.7 | 37.7 | 39.5 | 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 | 42.5 | 42.5 | 48.0 | 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 | 15.3 | 15.3 | 15.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.1 | 10.1 | 10.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 49.4 | 49.4 | 50.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Haroon Baig,Inc.dba US1 Petrol | (#,^) | 1280-1290 Dixwell Ave, Hamden, CT 06514 | Gasoline Stations | Term Loan | Prime plus 2.75% | 5/31/2042 | 245.3 | 245.3 | 277.0 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 738.6 | 738.6 | 833.9 | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Eagle Wood Works LLC | (#,^) | 1448 Horsehead Rd, Lugoff, SC 29078 | Furniture and Related Product Manufacturing | Term Loan | Prime plus 2.75% | 5/26/2027 | 8.1 | 8.1 | 8.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 118.5 | 118.5 | 133.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.4 | 4.4 | 4.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Jung Design Inc. | (#,^) | 10857 Pine Bluff Dr, Fisher, IN 46037 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/25/2027 | 6.1 | 6.1 | 6.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.0 | 34.0 | 34.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Innovim, LLC | (#,^) | 6401 Golden Triangle Dr Ste 200, Greenbelt, MD 20770 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/24/2027 | 198.8 | 198.8 | 201.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| PS Camping, Inc. dba Prospectors RV Resort | (#,^) | 43659&43595 US Hwy 50, Canon City, CO 81212 | Accommodation | Term Loan | 8.25% | 5/19/2042 | 909.1 | 909.1 | 853.0 | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hayden Trucking LLC | (#,^) | 11540 Eagle Vista Dr, Fort Worth, TX 76179 | Truck Transportation | Term Loan | Prime plus 2.75% | 5/19/2027 | 97.1 | 97.1 | 101.7 | 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 | 5.6 | 5.6 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 541.3 | 541.3 | 611.1 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 136.8 | 136.8 | 154.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
91
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 112.4 | 112.4 | 126.9 | 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 | 33.9 | 33.9 | 34.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Computech Computers Inc. | (#,^) | 40-24 76th St., Office #2B, Elmhurst, NY 11373 | Educational Services | Term Loan | Prime plus 2.75% | 5/17/2027 | 34.0 | 34.0 | 34.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 5 Stars Learning Center Inc | (#,^) | 14 Paine Ave, Irvington, NJ 07111 | Social Assistance | Term Loan | Prime plus 2.75% | 5/16/2042 | 57.4 | 57.4 | 64.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 249.2 | 249.2 | 257.2 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sanderson Distribution Inc. | (#,^) | 100 Daniel Dr, Alamo, CA 94507 | Truck Transportation | Term Loan | Prime plus 2.75% | 5/12/2027 | 7.1 | 7.1 | 7.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.1 | 5.1 | 5.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Estelle Finkel Educational Associates,LLC | (#,^) | 125 West Mount Pleasant Ave, Livingston, NJ 07039 | Educational Services | Term Loan | Prime plus 2.75% | 5/11/2027 | 82.7 | 82.7 | 83.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Labmates,LLC | (#,^) | 141 Watertown Rd, Thomaston, CT 06787 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 5/10/2027 | 67.8 | 67.8 | 70.8 | 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 | 60.0 | 60.0 | 61.6 | 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 | 20.3 | 20.3 | 23.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Innovation Transport, LLC | (#,^) | 1 International Blvd, Mahwah, NJ 07495 | Truck Transportation | Term Loan | Prime plus 2.75% | 5/9/2027 | 53.1 | 53.1 | 55.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Benchmark Building, Inc. | (#,^) | 1439 Stargazer Terrace, Sanford, FL 32771 | Construction of Buildings | Term Loan | Prime plus 2.75% | 5/5/2027 | 15.3 | 15.3 | 15.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cable Management LLC | (#,^) | 290 Pratt St., Meriden, CT 06450 | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 5/3/2027 | 38.9 | 38.9 | 40.4 | 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 | 111.3 | 111.3 | 125.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Love and Glory Learning Center, Inc. | (#,^) | 4911 N. 42nd St., Tampa, FL 33610 | Social Assistance | Term Loan | Prime plus 2.75% | 4/28/2042 | 72.3 | 72.3 | 81.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 690.3 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 206.3 | 206.3 | 232.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Resident Research, LLC | (#,^) | 4400 Morris Park Dr Ste M, Charlotte, NC 28277 | Other Information Services | Term Loan | Prime plus 2.75% | 4/24/2027 | 59.1 | 59.1 | 59.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Getting Even LLC dba The Zoo Health Club | (#,^) | 377 South Willow St., Ste B 2-1, Manchester, NH 03103 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 4/21/2027 | 5.0 | 5.0 | 5.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 46.5 | 46.5 | 52.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
92
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 80.4 | 80.4 | 82.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.4 | 51.4 | 53.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 124.5 | 124.5 | 126.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Applied Integrated Technologies, Inc. | (#,^) | 7120 Samuel Morse Dr #150, Columbia, MD 21046 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/31/2027 | 83.1 | 83.1 | 84.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 514.5 | 514.5 | 580.8 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 29.4 | 29.4 | 29.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.1 | 43.1 | 43.9 | 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 | 565.0 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| KWG Industries LLC dba Peterson & Marsh Metal Industries | (#,^) | 330 Roycefield Rd Unit B, Hillsborough, NJ 08844 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 3/30/2027 | 19.9 | 19.9 | 20.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 220.2 | 220.2 | 248.6 | 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 | 66.4 | 66.4 | 68.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 983.0 | 983.0 | 1,109.8 | 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 | 72.2 | 72.2 | 75.1 | 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 | 191.5 | 191.5 | 216.2 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 350.9 | 350.9 | 396.2 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| American Pharmaceutical Innovation Company, LLC | (#,^) | 1425 Centre Circle, Downers Grove, IL 60515 | Chemical Manufacturing | Term Loan | Prime plus 2.75% | 3/28/2027 | 4.7 | 4.7 | 4.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 863.4 | 863.4 | 974.8 | 0.26 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 82.4 | 82.4 | 93.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
93
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Color Graphic Press, Inc. | (#,^) | 42 Main St., Nyack, NY 10960 | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 3/23/2027 | 79.7 | 79.7 | 83.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.1 | 43.1 | 44.3 | 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 | 13.4 | 13.4 | 14.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 592.9 | 592.9 | 669.4 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Vehicle Safety Supply LLC | (#,^) | 707 Femimore Rd, Mamaroneck, NY 10543 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 3/21/2027 | 14.9 | 14.9 | 15.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 219.3 | 219.3 | 229.4 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 69.9 | 69.9 | 78.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 418.6 | 418.6 | 423.6 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dwayne Bernard Tate | (#,^) | 1238 Woodcliff Court SW, Lilburn, GA 30047 | Truck Transportation | Term Loan | Prime plus 2.75% | 3/10/2027 | 7.0 | 7.0 | 7.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 107.1 | 107.1 | 120.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 84.3 | 84.3 | 95.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SSI Refrigerated Express Inc. and Robert M Stallone dba SSI Express | (#,^) | 1001 E. Cooley Dr Ste 102, Colton, CA 92324 | Truck Transportation | Term Loan | Prime plus 2.75% | 2/28/2027 | 156.4 | 156.4 | 158.3 | 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 | 63.4 | 63.4 | 64.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 130.2 | 130.2 | 147.0 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 107.4 | 107.4 | 108.7 | 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 | 42.4 | 42.4 | 43.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 49.5 | 49.5 | 51.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.1 | 4.1 | 4.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 3W Enterprises LLC | (#,^) | 2727 Industrial Pkwy, Elkhart, IN 46516 | Textile Product Mills | Term Loan | Prime plus 2.75% | 2/24/2042 | 60.1 | 60.1 | 67.8 | 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 | 195.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
94
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 203.0 | 203.0 | 229.2 | 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 | 229.7 | 229.7 | 259.4 | 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 | 12.3 | 12.3 | 12.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 128.0 | 128.0 | 144.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Harrison Logging Company LLC | (#,^) | 255 Ray Crain Rd, Indian Mound, TN 37079 | Forestry and Logging | Term Loan | Prime plus 2.75% | 2/9/2027 | 70.6 | 70.6 | 72.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 303.8 | 303.8 | 343.0 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 172.3 | 172.3 | 194.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Brandco, LLC | (#,^) | 2151 Consulate Dr Ste 21, Orlando, FL 32837 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 1/31/2027 | 28.4 | 28.4 | 28.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 297.3 | 297.3 | 335.7 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fave Realty Inc. | (#,^) | 1875 Grand Ave, Baldwin, NY 11510 | Real Estate | Term Loan | Prime plus 2.75% | 1/30/2042 | 50.4 | 50.4 | 56.9 | 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 | 14.6 | 14.6 | 14.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 39.4 | 39.4 | 44.5 | 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 | 6.8 | 6.8 | 7.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 64.8 | 64.8 | 67.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fullbro Trust dba Menemsha Blues | (#,^) | 2 Basin Rd, Chilmark, MA 02535 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 1/13/2027 | 14.6 | 14.6 | 15.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 31.8 | 31.8 | 33.3 | 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 | 253.7 | 253.7 | 286.5 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.2 | 13.2 | 13.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 0.20 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sempco, Inc. | (#,^) | 51 -55 Lake St. Unit #2-6, Nashua, NH 03060 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 12/15/2041 | 38.8 | 38.8 | 43.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
95
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 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 | 121.6 | 121.6 | 126.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 376.0 | 376.0 | 424.5 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| HMG Strategy, LLC | (#,^) | 191 Post Rd West, Westport, CT 06880 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/14/2026 | 30.3 | 30.3 | 31.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 263.5 | 263.5 | 297.5 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 85.6 | 85.6 | 96.6 | 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 | 430.4 | 430.4 | 485.9 | 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 | 136.1 | 136.1 | 142.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.1 | 13.1 | 13.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| eCommerce Direct, LLC | (#,^) | 3440 Gannett Ave, Des Moines, IA 50321 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/9/2026 | 496.3 | 496.3 | 515.2 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Recycling Revolution,LLC | (#,^) | 4190 Collins Rd, Unadilla, GA 31091 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 12/9/2041 | 83.6 | 83.6 | 94.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| New Life Hospital LLC | (#,^) | 17400 Red Oak Dr, Houston, TX 77090 | Hospitals | Term Loan | Prime plus 2.75% | 12/8/2041 | 1,125.5 | 1,125.5 | 1,270.6 | 0.34 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.2 | 7.2 | 7.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Quick Ship, LLC | (#,^) | 448 W. 19th St, Houston, TX 77008 | Couriers and Messengers | Term Loan | Prime plus 2.75% | 11/30/2026 | 6.6 | 6.6 | 6.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 135.6 | 135.6 | 140.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Imaginarium Foods LLC, | (#,^) | 751 N. Cable Rd, Lima, OH 45805 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/28/2042 | 345.6 | 345.6 | 390.2 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Usman Jalil, LLC dba Food Mart | (#,^) | 147 N Washington St., Plainville, CT 06062 | Gasoline Stations | Term Loan | Prime plus 2.75% | 11/29/2041 | 215.1 | 215.1 | 242.9 | 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 | 780.3 | 780.3 | 805.6 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 65.0 | 65.0 | 67.3 | 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 | 14.2 | 14.2 | 14.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
96
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Hafa Adai Signs and Graphics LLC dba Fastsigns of Auburn -#281901 | (#,^) | 1835 Auburn Way N Ste B, Auburn, WA 98002 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 11/23/2026 | 37.9 | 37.9 | 39.2 | 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 | 89.6 | 89.6 | 101.1 | 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 | 382.5 | 382.5 | 431.8 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 78.7 | 78.7 | 81.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 95.9 | 95.9 | 100.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Skaggs RV Outlet LLC | (#,^) | 301 Commerce Dr, Elizabethtown, KY 42701 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 11/21/2026 | 63.2 | 63.2 | 66.3 | 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 | 11.9 | 11.9 | 12.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 45.6 | 45.6 | 47.8 | 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 | 56.7 | 56.7 | 59.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 141.3 | 141.3 | 146.1 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 222.0 | 222.0 | 250.6 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Fine Line Interiors, Inc. | (#,^) | 2530 SW 30th Ave, Hallandale Beach, FL 33009 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 11/4/2041 | 58.0 | 58.0 | 65.5 | 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 | 106.0 | 106.0 | 119.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.4 | 47.4 | 49.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Veracruz Shabo, LLC Waterfalls Quick Lube LLC | (#,^) | 1325 Broad 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bloomquist Communications Inc. | (#,^) | 131 East Trinity Place, Decatur, GA 30030 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 10/31/2026 | 37.9 | 37.9 | 39.1 | 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 | 6.9 | 6.9 | 7.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 81.6 | 81.6 | 92.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Elite Structures Inc | (#,^) | 401 Old Quitman Rd, Abel, GA 31620 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 10/27/2029 | 168.8 | 168.8 | 181.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 265.3 | 265.3 | 278.1 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 206.3 | 206.3 | 232.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
97
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 114.9 | 114.9 | 129.7 | 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 | 102.5 | 102.5 | 107.5 | 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 | 12.2 | 12.2 | 12.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Reliable Recovery Services LLC | (#,^) | 2401 West Mcdowell Rd, Phoenix, AZ 85009 | Support Activities for Transportation | Term Loan | Prime plus 2.75% | 10/7/2026 | 70.2 | 70.2 | 73.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 147.9 | 147.9 | 153.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 22.5 | 22.5 | 23.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| JJA Transportation Management Inc. | (#,^) | 15 Church St., Upland, PA 19015 | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 9/30/2026 | 29.5 | 29.5 | 30.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 126.2 | 126.2 | 142.4 | 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 | 1,174.4 | 1,174.4 | 1,326.0 | 0.36 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Beadon Inc | (#,^) | 2601 Old Ocean City Rd, Salisbury, MD 21804 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 9/28/2026 | 13.8 | 13.8 | 14.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 157.1 | 157.1 | 162.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 36.1 | 36.1 | 37.4 | 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 | 53.8 | 53.8 | 60.7 | 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 | 5.5 | 5.5 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| PeopleBest Inc. | (#,^) | 19442 Mesa Dr, Villa Park, CA 92861 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 9/26/2026 | 9.2 | 9.2 | 9.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 30.8 | 30.8 | 31.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cuppiecakes LLC | (#,^) | 313 S Main St., McGregor, TX 76557 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/21/2041 | 20.6 | 20.6 | 23.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Metropet Dog Center, Inc | (#,^) | 2057 West Shore Rd, Warwick, RI 02889 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/13/2041 | 100.2 | 100.2 | 113.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 83.0 | 83.0 | 85.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 66.4 | 66.4 | 74.9 | 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 | 92.4 | 92.4 | 104.4 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
98
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rosmel Pools Inc | (#,^) | 9300 NW 25th St. Ste 103, Miami, FL 33172 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/25/2026 | 13.6 | 13.6 | 14.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Avery Management Inc. dba Whetstone Upholstery | (#,^) | 1122 N Bloulevard, Richmond, VA 23230 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/25/2026 | 6.2 | 6.2 | 6.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 30.1 | 30.1 | 31.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Albert Basse Associates Inc | (#,^) | 175 Campanelli Pkwy, Stoughton, MA 02072 | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 8/25/2026 | 37.5 | 37.5 | 39.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 38.4 | 38.4 | 39.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.0 | 47.0 | 48.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Grayson O Company | (#,^) | 6509 Newell Ave, Kannapolis, NC 28082 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 8/10/2041 | 570.7 | 570.7 | 644.3 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.1 | 9.1 | 9.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| The Hungry Rhino LLC | (#,^) | 47 South Main St., Windsor Locks, CT 06096 | Real Estate | Term Loan | Prime plus 2.75% | 7/29/2041 | 69.5 | 69.5 | 78.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 303 Tower Drive LLC | (#,^) | 303 Tower Dr, Ste A, Middletown, NY 10941 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 7/29/2041 | 364.7 | 364.7 | 411.8 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 127.6 | 127.6 | 144.0 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.5 | 13.5 | 13.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Intrepid Trinity LLC | (#,^) | 680 Douglas Ave, Providence, RI 02908 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 7/28/2041 | 56.9 | 56.9 | 64.3 | 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 | 319.3 | 319.3 | 360.5 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.1 | 50.1 | 51.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 44.1 | 44.1 | 46.1 | 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 | 79.4 | 79.4 | 81.8 | 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 | 13.5 | 13.5 | 13.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 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 | 9.4 | 9.4 | 9.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 147.5 | 147.5 | 166.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
99
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RM Hawkins LLC dba Pure Water Tech West | (#,^) | 5140 Topaz Dr, Colorado Springs, CO 80918 | Nonstore Retailers | Term Loan | Prime plus 2.75% | 7/7/2026 | 29.8 | 29.8 | 31.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 61.2 | 61.2 | 63.9 | 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 | 13.2 | 13.2 | 13.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 140.6 | 140.6 | 151.0 | 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 | 96.8 | 96.8 | 101.2 | 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 | 14.6 | 14.6 | 15.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 268.2 | 268.2 | 302.8 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| KWG Industries, LLC dba Peterson & Marsh Metal Industries | (#,^) | 330 Roycefield Rd, Unit B, Hillsborough, NJ 08844 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 6/29/2041 | 276.9 | 276.9 | 312.7 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 82.9 | 82.9 | 85.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 92.9 | 92.9 | 104.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 454.4 | 454.4 | 513.0 | 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 | 83.0 | 83.0 | 93.7 | 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Bagelicious, LLC | (#,^) | 945 S Main St, Cheshire, CT 06410 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/17/2026 | 32.3 | 32.3 | 33.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 332.8 | 332.8 | 342.0 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Jai-Alexia Consulting, Inc. | (#,^) | 14660 Paddock Dr, Wellington, FL 33414 | Couriers and Messengers | Term Loan | Prime plus 2.75% | 6/15/2026 | 7.0 | 7.0 | 7.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 464.2 | 464.2 | 513.1 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 41.2 | 41.2 | 43.0 | 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 | 51.0 | 51.0 | 52.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
100
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Larry H. Patterson and Rainbow Movers, Inc | (#,^) | 2325 Hollers Ave, Bronx, NY 10475 | Truck Transportation | Term Loan | Prime plus 2.75% | 6/6/2026 | 13.3 | 13.3 | 13.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Solvit Inc and Solvit North Inc | (#,^) | 65 Farmington Valley Dr, Plainville, CT 06062 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/3/2026 | 145.6 | 145.6 | 150.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 176.2 | 176.2 | 198.9 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ATI Jet Inc | (#,^) | 7007 Boeing Dr, El Paso, TX 79925 | Air Transportation | Term Loan | Prime plus 2.75% | 5/31/2026 | 339.9 | 339.9 | 351.4 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.0 | 51.0 | 53.3 | 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 | 90.6 | 90.6 | 102.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 187.2 | 187.2 | 211.3 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.8 | 4.8 | 5.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 124.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.1 | 13.1 | 13.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.1 | 13.1 | 13.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Powerspec Inc | (#,^) | 1 Linsley Place, Metuchen, NJ 08840 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/24/2026 | 50.6 | 50.6 | 52.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.1 | 6.1 | 6.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.4 | 7.4 | 7.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dedicated Incorporated | (#,^) | 2916 North 39th St., Phoenix, AZ 85019 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 5/18/2041 | 42.2 | 42.2 | 47.6 | 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 | 39.4 | 39.4 | 40.6 | 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 | 11.3 | 11.3 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 120.2 | 120.2 | 135.7 | 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 | 112.5 | 112.5 | 127.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.9 | 12.9 | 13.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Loriet LLC | (#,^) | 5001 Vivienda Way, Sarasota, FL 34235 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 4/29/2026 | 4.3 | 4.3 | 4.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
101
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 23.4 | 23.4 | 24.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 74.7 | 74.7 | 84.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alpha Omega Trucking LLC | (#,^) | 14432-52 State Line Rd, Brookings, OR 97415 | Truck Transportation | Term Loan | Prime plus 2.75% | 4/29/2041 | 159.3 | 159.3 | 179.9 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| May-Craft Fiberglass Products Inc | (#,^) | 96 Hillsboro Rd, Four Oaks, NC 27524 | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 4/29/2041 | 224.1 | 224.1 | 253.0 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 137.6 | 137.6 | 155.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 0.35 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.6 | 51.6 | 53.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 226.4 | 226.4 | 255.6 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.5 | 4.5 | 4.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sushiya Inc | (#,^) | 72 South Main St., Hanover, NH 03755 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/12/2026 | 50.3 | 50.3 | 52.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| KNS Early Learning Academy LLC | (#,^) | 57 Merritt St. SE, Marietta, GA 30060 | Social Assistance | Term Loan | Prime plus 2.75% | 4/6/2041 | 46.2 | 46.2 | 52.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Waterfalls Quick Lube LLC and Veracruz Shabo LLC | (#,^) | 1325 Broad 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.3 | 51.3 | 57.9 | 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 | 58.1 | 58.1 | 65.6 | 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 | 12.7 | 12.7 | 13.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cameo Carter, MD A Professional Corporation dba The Garden Pediatric | (#,^) | 101 East Redlands Blvd., Ste 106, Redlands, CA 92373 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 3/31/2026 | 42.4 | 42.4 | 43.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Men of Steel Enterprises LLC and Vogelbacher Properties LLC | (#,^) | 2039 US Route 130, Burlington, NJ 08016 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 3/31/2041 | 355.6 | 355.6 | 401.5 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.9 | 5.9 | 6.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Wyldewood Cellars, Inc. | (#,^) | 951 East 119th St, Mulvane, KS 67120 | Beverage and Tobacco Product Manufacturing | Term Loan | Prime plus 2.75% | 3/30/2041 | 953.5 | 953.5 | 1,076.5 | 0.29 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 123.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
102
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.9 | 12.9 | 13.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 233.0 | 233.0 | 263.1 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Beale Street Blues Company-West Palm Beach, LLC dba Lafayette’s-West | (#,^) | 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 | 53.1 | 53.1 | 54.8 | 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 | 10.9 | 10.9 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 29.5 | 29.5 | 30.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Marathon Engineering Corporation | (#,^) | 5615 2nd St. W, Lehigh Acres, FL 33971 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 3/28/2041 | 40.7 | 40.7 | 45.9 | 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 | 12.9 | 12.9 | 13.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| International Construction Inc | (#,^) | 53955 Gratiot Ave, Chesterfield, MI 48051 | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 3/24/2041 | 42.9 | 42.9 | 48.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ActKnowledge, Inc | (#,^) | 365 5th Ave, New York, NY 10016 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 3/24/2026 | 70.8 | 70.8 | 73.7 | 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 | 302.2 | 302.2 | 310.3 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 28.0 | 28.0 | 28.7 | 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 | 73.2 | 73.2 | 82.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 28.2 | 28.2 | 29.0 | 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 | 12.7 | 12.7 | 13.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 67.7 | 67.7 | 76.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Dupre Capital LLC dba Fastsigns | (#,^) | 215 Quartermaster Court, Jeffersonville, IN 47130 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 3/11/2026 | 33.0 | 33.0 | 33.8 | 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 | 4.5 | 4.5 | 4.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.7 | 12.7 | 13.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Swerve Salon LLC | (#,^) | 1419 N Wells St., Chicago, IL 60610 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 3/8/2026 | 44.8 | 44.8 | 45.9 | 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 | 4.2 | 4.2 | 4.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
103
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Labmates LLC and POV Holdings LLC | (#,^) | 141 Watertown Rd, Thomaston, CT 06787 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 3/4/2041 | 98.7 | 98.7 | 111.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Living Essentials HVAC Corp | (#,^) | 42 West St., Apt 24, Randolph, MA 02368 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 2/28/2026 | 8.3 | 8.3 | 8.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.4 | 5.4 | 5.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 0.1 | 0.1 | 0.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.0 | 11.0 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 122.0 | 122.0 | 137.8 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.2 | 43.2 | 44.3 | 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 | 29.2 | 29.2 | 30.0 | 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 | 9.0 | 9.0 | 9.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ei3 Corporation | (#,^) | 136 Summit Ave, Montvale, NJ 07645 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/12/2026 | 181.9 | 181.9 | 189.4 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 566.3 | 566.3 | 639.3 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 216.2 | 216.2 | 229.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Base USA, Inc. | (#,^) | 2215 NW 2nd Ave, Miami, FL 33127 | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 2/2/2026 | 27.9 | 27.9 | 29.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| SuzyQue's LLC dba SuzyQue's | (#,^) | 34 South Valley Rd, West Orange, NJ 07052 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/28/2026 | 12.3 | 12.3 | 12.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.4 | 34.4 | 35.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 61.2 | 61.2 | 69.0 | 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 | 60.7 | 60.7 | 63.1 | 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 | 10.1 | 10.1 | 10.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Panditos LLC dba White Lotus Home | (#,^) | 431 Raritan Ave, Highland Park, NJ 08904 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 12/28/2025 | 8.6 | 8.6 | 8.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 92.2 | 92.2 | 104.1 | 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Premier Athletic Center of Ohio Inc. and Gates Investments and Wade | (#,^) | 8957 Kingsridge Dr, Centerville, OH 45459 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 12/22/2028 | 605.1 | 605.1 | 647.6 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
104
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 270.6 | 270.6 | 305.5 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.7 | 9.7 | 10.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 89.7 | 89.7 | 92.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Labmates LLC | (#,^) | 141 Watertown Rd, Thomaston, CT 06787 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 12/18/2040 | 145.8 | 145.8 | 164.6 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 595.0 | 595.0 | 671.8 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 46.8 | 46.8 | 48.7 | 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 | 553.6 | 553.6 | 576.4 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 37.5 | 37.5 | 37.8 | 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 | 144.2 | 144.2 | 149.2 | 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 | 363.0 | 363.0 | 341.0 | 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 | 12.1 | 12.1 | 12.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 307.3 | 307.3 | 347.0 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.0 | 4.0 | 4.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sushiya, Inc. | (#,^) | 72-74 South Main St., Hanover, NH 03755 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/8/2025 | 58.9 | 58.9 | 61.1 | 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 | 451.1 | 451.1 | 509.3 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 75.0 | 75.0 | 77.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| DWeb Studio, Inc. | (#,^) | 10800 E. Bethany Dr, Ste 275, Aurora, CO 80014 | Educational Services | Term Loan | Prime plus 2.75% | 11/25/2025 | 6.1 | 6.1 | 6.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.7 | 47.7 | 49.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 97.2 | 97.2 | 109.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 83.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
105
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 20.9 | 20.9 | 21.6 | 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 | 11.7 | 11.7 | 12.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 127.3 | 127.3 | 143.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| R.H. Hummer Jr., Inc. | (#,^) | 2141 P Ave, Williamsburg, IA 52361 | Truck Transportation | Term Loan | Prime plus 2.75% | 9/30/2025 | 209.3 | 209.3 | 217.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Binky's Vapes LLC | (#,^) | 10539 Greenbelt Rd Ste 102, Lanham, MD 20706 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 9/30/2025 | 11.6 | 11.6 | 12.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Accent Homes 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% | 9/30/2028 | 44.3 | 44.3 | 47.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 355.7 | 355.7 | 401.6 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.0 | 5.0 | 5.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.1 | 12.1 | 13.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 558.7 | 558.7 | 630.8 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 25.7 | 25.7 | 26.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| IIoka Inc dba New Cloud Networks | (#,^) | 160 Inverness Dr W Ste 150, Englewood, CO 80112 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/21/2025 | 343.1 | 343.1 | 354.3 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sound Manufacturing Inc | (#,^) | 51 Donnelley Rd, Old Saybrook, CT 06475 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/21/2025 | 25.4 | 25.4 | 26.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Vanderhoof LLC dba Soxfords | (#,^) | 11 Sellecks Walk, Pound Ridge, NY 10576 | Apparel Manufacturing | Term Loan | Prime plus 2.75% | 9/18/2025 | 6.3 | 6.3 | 6.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.2 | 4.2 | 4.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Naeem Khan LTD | (#,^) | 260 West 36h St., New York, NY 10018 | Apparel Manufacturing | Term Loan | Prime plus 2.75% | 9/17/2025 | 64.4 | 64.4 | 66.5 | 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 | 90.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 125.0 | 125.0 | 141.1 | 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 | 610.6 | 610.6 | 689.4 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Elite Institute LLC dba Huntington Learning Center | (#,^) | 13526 Village Park Dr Ste 214, Orlando, FL 32837 | Educational Services | Term Loan | Prime plus 2.75% | 8/28/2025 | 7.7 | 7.7 | 7.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 26.7 | 26.7 | 27.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
106
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 129.1 | 129.1 | 145.8 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Gold Jet Corp. | (#,^) | 2472 Broadway, New York, NY 10025 | Couriers and Messengers | Term Loan | Prime plus 2.75% | 8/14/2025 | 38.1 | 38.1 | 39.5 | 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 | 46.5 | 46.5 | 48.1 | 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 | 71.0 | 71.0 | 73.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Beale Street Blues Company-West Palm Beach LLC dba Lafayette's-West | (#,^) | 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 | 32.9 | 32.9 | 34.1 | 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 | 31.9 | 31.9 | 32.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 324.8 | 324.8 | 366.7 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.6 | 55.6 | 57.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 36.5 | 36.5 | 37.9 | 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 | 201.7 | 201.7 | 218.2 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Summit Beverage Group LLC | (#,^) | 211 Washington Ave, Marion, VA 24354 | Beverage and Tobacco Product Manufacturing | Term Loan | Prime plus 2.75% | 8/29/2030 | 210.7 | 210.7 | 228.3 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.2 | 14.2 | 15.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Jihan Inc dba ARCO AM/PM and Diana Inc | (#,^) | 13886 Campo Rd, Jamul, CA 91935 | Gasoline Stations | Term Loan | Prime plus 2.75% | 6/26/2040 | 336.4 | 336.4 | 379.8 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 36.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.9 | 10.9 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 120.0 | 120.0 | 135.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 218.2 | 218.2 | 246.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ohs Auto Body, Inc. dba Ohs Body Shop | (#,^) | 3560 Hwy 93 South, Kalispell, MT 59901 | Repair and Maintenance | Term Loan | 8.72% | 6/25/2040 | 1,086.9 | 1,086.9 | 1,020.8 | 0.28 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.6 | 11.6 | 12.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.9 | 10.9 | 11.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 25.9 | 25.9 | 26.8 | 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 | 195.5 | 195.5 | 202.6 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
107
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inverted Healthcare Staffing of Florida LLC | (#,^) | 111 N Pompano Beach Blvd., Pompano Beach, FL 33062 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/18/2025 | 22.7 | 22.7 | 23.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 77.1 | 77.1 | 87.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 122.8 | 122.8 | 138.7 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 49.8 | 49.8 | 56.2 | 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 | 30.2 | 30.2 | 31.1 | 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 | 59.9 | 59.9 | 67.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Medworxs LLC | (#,^) | 10901 W. Toller Dr, Littleton, CO 80127 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/3/2025 | 60.9 | 60.9 | 62.8 | 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 | 3.9 | 3.9 | 4.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.3 | 4.3 | 4.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 154.2 | 154.2 | 174.1 | 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 | 162.7 | 162.7 | 183.7 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Guard Dogs MFS LLC | (#,^) | 9460 Mistwater Close, Roswell, GA 30076 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 5/8/2025 | 31.2 | 31.2 | 32.2 | 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 | 42.2 | 42.2 | 47.6 | 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 | 88.9 | 88.9 | 100.4 | 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 | 71.6 | 71.6 | 80.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Diamond Solutions LLC | (#,^) | 7655 E Gelding Dr, Ste B2, Scottsdale, AZ 85260 | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 4/21/2025 | 9.1 | 9.1 | 9.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Giacchino Maritime Consultants Inc | (#,^) | 5219 Tamiami Court, Cape Coral, FL 33904 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 4/17/2025 | 10.6 | 10.6 | 10.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sound Coaching Inc | (#,^) | 4749 Main St. Ste 3, Bridgeport, CT 06606 | Securities, Commodity Contracts, and Other Financial Investments and Related Activities | Term Loan | Prime plus 2.75% | 4/14/2025 | 20.8 | 20.8 | 21.5 | 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 | 64.8 | 64.8 | 73.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 57.5 | 57.5 | 59.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
108
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 49.0 | 49.0 | 50.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Sunset Marine Resort LLC and GoXpeditions LLC and Lavon Gomes | (#,^) | 40 Buzzard Ridge Rd, Sequim, WA 98382 | Accommodation | Term Loan | Prime plus 2.75% | 3/27/2040 | 266.0 | 266.0 | 300.4 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 684.5 | 684.5 | 772.8 | 0.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 569.8 | 569.8 | 585.7 | 0.16 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.5 | 47.5 | 53.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.4 | 10.4 | 10.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Loriet LLC | (#,^) | 5001 Vivienda Way, Sarasota, FL 34235 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 3/24/2025 | 5.5 | 5.5 | 5.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 37.8 | 37.8 | 42.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 99.2 | 99.2 | 112.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 75.2 | 75.2 | 84.8 | 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 | 141.3 | 141.3 | 159.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Royal Crest Motors LLC | (#,^) | 769 Amesbury Rd, Haverhill, MA 01830 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 3/16/2040 | 80.2 | 80.2 | 90.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.2 | 5.2 | 5.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Baystate Firearms and Training, LLC | (#) | 215 Newbury St., Peabody, MA 01960 | Educational Services | Term Loan | Prime plus 2.75% | 2/27/2025 | 26.3 | 26.3 | 27.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Pace Motor Lines, Inc. | (#,^) | 1425 Honeyspot Rd Extension, Stratford, CT 06615 | Truck Transportation | Term Loan | Prime plus 2.75% | 2/26/2025 | 29.5 | 29.5 | 30.5 | 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 | 1,121.1 | 1,121.1 | 1,265.7 | 0.34 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.6 | 5.6 | 5.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kiddie Steps 4 You Inc. | (#,^) | 1700 West 63rd St., Chicago, IL 60636 | Social Assistance | Term Loan | Prime plus 2.75% | 2/19/2040 | 54.6 | 54.6 | 61.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Triangle Trash LLC dba Bin There Dump That | (#,^) | 188 Northbend Dr, Youngsville, NC 27596 | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 2/18/2025 | 33.5 | 33.5 | 34.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 39.6 | 39.6 | 40.8 | 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 | 36.9 | 36.9 | 38.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
109
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1.5 | 1.5 | 1.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Jung Design Inc | (#,^) | 10857 Pine Bluff Dr, Fishers, IN 46037 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 1/20/2022 | 0.9 | 0.9 | 0.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 116.2 | 116.2 | 131.2 | 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 | 117.4 | 117.4 | 121.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 436.4 | 436.4 | 492.7 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| The Lodin Group LLC and Lodin Health Imaging Inc | (#,^) | 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 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Beale Street Blues Company-West Palm Beach, LLC | (#,^) | 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 | 81.4 | 81.4 | 84.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.6 | 21.6 | 22.4 | 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 | 46.9 | 46.9 | 53.0 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.1 | 50.1 | 49.2 | 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 | 537.4 | 537.4 | 554.3 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 139.0 | 139.0 | 156.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 120.9 | 120.9 | 136.5 | 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 | 103.6 | 103.6 | 116.9 | 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 | 17.8 | 17.8 | 18.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 104.4 | 104.4 | 117.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 415.7 | 415.7 | 469.3 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| DNT Storage and Properties LLC | (#,^) | 38 Old National Pike, West Alexander, PA 15376 | Real Estate | Term Loan | Prime plus 2.75% | 10/10/2039 | 88.4 | 88.4 | 99.8 | 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 | 76.3 | 76.3 | 78.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.7 | 2.7 | 2.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
110
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Smith Spinal Care Center P.C. and James C. Smith | (#,^) | 1103 Russell Pkwy, Warner Robins, GA 31088 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 10/8/2039 | 25.0 | 25.0 | 28.2 | 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 | 106.5 | 106.5 | 120.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 22.0 | 22.0 | 22.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 222.2 | 222.2 | 250.9 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Gordon E Rogers dba Stonehouse Motor Inn | (#,^) | 162 Danielson Pike, Foster, RI 02825 | Accommodation | Term Loan | Prime plus 2.75% | 9/26/2039 | 50.0 | 50.0 | 56.4 | 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 | 10.1 | 10.1 | 10.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 126.1 | 126.1 | 142.4 | 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 | 23.4 | 23.4 | 24.1 | 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 | 123.7 | 123.7 | 127.4 | 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 | 371.7 | 371.7 | 419.6 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 255.3 | 255.3 | 262.7 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 32.5 | 32.5 | 33.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 44.6 | 44.6 | 50.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 42.2 | 42.2 | 43.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alpha Preparatory Academy LLC | (#,^) | 4462 Mink Livsey Rd, Snellville, GA 30039 | Social Assistance | Term Loan | Prime plus 2.75% | 8/15/2039 | 126.0 | 126.0 | 142.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 119.6 | 119.6 | 112.7 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 152.7 | 152.7 | 157.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 575 Columbus Avenue Holding Company, LLC and LA-ZE LLC | (#,^) | 575 Columbus Ave, New Haven, CT 06519 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/30/2039 | 17.6 | 17.6 | 19.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 129.1 | 129.1 | 145.8 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
111
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 75.3 | 75.3 | 85.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 37.4 | 37.4 | 38.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 176.9 | 176.9 | 199.7 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 752.6 | 752.6 | 849.7 | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 542.1 | 542.1 | 612.1 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 438.1 | 438.1 | 494.7 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Big Sky Plaza LLC and Strickland, Incorporated | (#,^) | 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 | 200.7 | 200.7 | 226.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 79.6 | 79.6 | 89.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.2 | 6.2 | 6.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Long Island Barber Institute Inc | (#,^) | 266 Greenwich St., Hempstead, NY 11550 | Educational Services | Term Loan | Prime plus 2.75% | 6/2/2039 | 47.9 | 47.9 | 54.0 | 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 | 8.3 | 8.3 | 8.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 23.3 | 23.3 | 23.9 | 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 | 77.6 | 77.6 | 87.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| AS Boyals LLC dba Towne Liquors | (#,^) | 117 South Broad St., Woodbury City, NJ 08096 | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 4/29/2039 | 93.1 | 93.1 | 105.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Gerami Realty, LC Sherrill Universal City Corral, LP | (#,^) | 2301 Pat Booker Rd, Universal City, TX 78148 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/23/2027 | 48.0 | 48.0 | 50.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Complete Body & Paint, Inc. | (#,^) | 32220 Michigan Ave, Wayne, MI 48184 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/23/2039 | 17.8 | 17.8 | 20.1 | 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 | 88.7 | 88.7 | 100.2 | 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 | 65.3 | 65.3 | 67.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 96.2 | 96.2 | 108.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
112
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 384.3 | 384.3 | 433.9 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 100.4 | 100.4 | 113.3 | 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 | 87.1 | 87.1 | 98.4 | 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 | 79.0 | 79.0 | 89.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 94.5 | 94.5 | 106.7 | 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 | 0.9 | 0.9 | 0.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Faith Memorial Chapel LLC | (#,^) | 600 9th Ave North, Bessemer, AL 35020 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 2/28/2039 | 182.6 | 182.6 | 206.2 | 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 | 176.7 | 176.7 | 199.4 | 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 | 355.5 | 355.5 | 401.4 | 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 | 118.8 | 118.8 | 121.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 120.1 | 120.1 | 135.6 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 94.9 | 94.9 | 97.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 986 Dixwell Avenue Holding Company, LLC and Mughali Foods, LLC | (#,^) | 986 Dixwell Ave, Hamden, CT 06510 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/7/2039 | 85.0 | 85.0 | 96.0 | 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 | 109.8 | 109.8 | 124.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.2 | 7.2 | 7.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Nutmeg North Associates LLC Steeltech Building Products Inc | (#,^) | 636 Nutmeg Rd North, South Windsor, CT 06074 | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/31/2038 | 775.7 | 775.7 | 875.8 | 0.24 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Amboy Woodbridge Realty LLC and United Premium Foods LLC | (#) | One Amboy Ave, Woodbridge, NJ 07095 | Food Manufacturing | Term Loan | 6.5% | 6/14/2024 | 1,799.7 | 1,799.7 | 1,772.0 | 0.48 | % | |||||||||||||||||||||||||||||||||||||||||||||
| KK International Trading Corporation | (#,^) | 219 Lafayette Dr, Syosset, NY 11791 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/23/2028 | 118.5 | 118.5 | 127.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
113
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | 75.3 | 75.3 | 85.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| TAK Properties LLC and Kinderland Inc | (#,^) | 1157 Commerce Ave, Longview, WA 98632 | Social Assistance | Term Loan | Prime plus 2.75% | 12/18/2038 | 342.9 | 342.9 | 387.1 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 353.9 | 353.9 | 399.5 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| DKB Transport Corp | (#,^) | 555 Water Works Rd, Old Bridge, NJ 08857 | Truck Transportation | Term Loan | Prime plus 2.75% | 12/5/2038 | 117.5 | 117.5 | 132.7 | 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 | 87.7 | 87.7 | 99.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Spectrum Development LLC and Solvit Inc & Solvit North, Inc | (#,^) | 65 Farmington Valley Dr, Plainville, CT 06062 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/2/2023 | 118.9 | 118.9 | 121.6 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| BVIP Limousine Service LTD | (#,^) | 887 W Liberty, Medina, OH 44256 | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 11/27/2038 | 64.8 | 64.8 | 73.1 | 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 | 4.9 | 4.9 | 5.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.0 | 14.0 | 14.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Polpo Realty, LLC Polpo Restaurant, LLC | (#,^) | 554 Old Post Rd #3, Greenwich, CT 06830 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/6/2038 | 53.9 | 53.9 | 60.9 | 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 | 115.8 | 115.8 | 130.8 | 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 | 177.6 | 177.6 | 200.5 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 503.3 | 503.3 | 568.2 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.0 | 13.0 | 13.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Greenbrier Technical Services, Inc | (#,^) | 407 E. Edgar Ave, Ronceverte, WV 24970 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/24/2023 | 37.3 | 37.3 | 38.1 | 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 | 123.7 | 123.7 | 139.6 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 286.8 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| LP Industries, Inc dba Childforms | (#,^) | 110 Charleston Dr, Ste 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Cencon Properties LLC and Central Connecticut Warehousing Company | (#,^) | 37 Commons Court, Waterbury, CT 06704 | Warehousing and Storage | Term Loan | Prime plus 2.75% | 9/30/2038 | 289.7 | 289.7 | 327.0 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 281.3 | 281.3 | 317.5 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
114
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Anthony C Dinoto and Susan S P Dinoto and Anthony C Dinoto Funeral | (#,^) | 17 Pearl St., Mystic, CT 06355 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/26/2038 | 84.2 | 84.2 | 95.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Kiddie Steps 4 You Inc. | (#,^) | 1700 West 63rd St., Chicago, IL 60636 | Social Assistance | Term Loan | Prime plus 2.75% | 9/25/2038 | 76.7 | 76.7 | 86.5 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Faith Memorial Chapel LLC | (#,^) | 600 9th Ave North, Bessemer, AL 35020 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/20/2038 | 225.3 | 225.3 | 254.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.5 | 13.5 | 13.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.7 | 4.7 | 4.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Grafio Inc dba Omega Learning Center-Acworth | (#,^) | 5330 Brookstone Dr, Ste 320, Acworth, GA 30101 | Educational Services | Term Loan | Prime plus 2.75% | 9/13/2023 | 48.3 | 48.3 | 49.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 162.1 | 162.1 | 165.4 | 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 | 33.1 | 33.1 | 35.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Prospect Kids Academy Inc | (#,^) | 532 St Johns Place, Brooklyn, NY 11238 | Educational Services | Term Loan | Prime plus 2.75% | 9/11/2038 | 104.6 | 104.6 | 118.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 187.6 | 187.6 | 211.8 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 182.1 | 182.1 | 185.8 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.1 | 12.1 | 12.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 22.4 | 22.4 | 22.8 | 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 | 5.4 | 5.4 | 5.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.2 | 6.2 | 6.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.2 | 3.2 | 3.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Angkor Restaurant Inc | (#,^) | 10 Traverse St., Providence, RI 02903 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/19/2038 | 77.7 | 77.7 | 87.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 23.7 | 23.7 | 24.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 14.5 | 14.5 | 14.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Maxiflex LLC | (#,^) | 512 Verret St., New Orleans, LA 70114 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 6/28/2023 | 11.6 | 11.6 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
115
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 81.2 | 81.2 | 91.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 317.4 | 317.4 | 332.7 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 516.8 | 516.8 | 551.7 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 89.4 | 89.4 | 91.0 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Elite Structures Inc | (#,^) | 401 Old Quitman Rd, Adel, GA 31620 | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 6/12/2038 | 712.8 | 712.8 | 804.8 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Absolute Desire LLC and Mark H. Szierer Sophisticated Smile | (#,^) | 85 Reaville Ave, Flemington, NJ 08822 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/5/2038 | 156.4 | 156.4 | 176.6 | 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 | 15.5 | 15.5 | 15.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.3 | 12.3 | 12.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Peanut Butter & Co., Inc. | (#,^) | 250 West 54th St., New York, NY 10019 | Food Manufacturing | Term Loan | Prime plus 2.75% | 4/30/2023 | 23.9 | 23.9 | 24.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 1258 Hartford TPKE, LLC and Phelps and Sons, Inc | (#,^) | 1258 Hartford Turnpike, Vernon, CT 06066 | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 3/29/2038 | 102.9 | 102.9 | 116.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 166.2 | 166.2 | 177.0 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| A & M Commerce, Inc. dba Cranberry Sunoco | (#,^) | 398 Baltimore Blvd, Westminster, MD 21157 | Gasoline Stations | Term Loan | Prime plus 2.75% | 3/27/2038 | 268.5 | 268.5 | 303.1 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.7 | 55.7 | 62.9 | 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 | 19.8 | 19.8 | 20.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 109.3 | 109.3 | 111.0 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Osceola River Mill, LLC Ironman Machine, Inc | (#,^) | 27 Hungerford St., Pittsfield, MA 01201 | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 2/20/2038 | 71.0 | 71.0 | 80.2 | 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 | 105.8 | 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 | 420.9 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Macho LLC Madelaine Chocolate Novelties Inc | (#,^) | 96-03 Beach Channel Dr, Rockaway Beach, NY 11693 | Food Manufacturing | Term Loan | Prime plus 2.75% | 12/31/2037 | 411.5 | 411.5 | 464.6 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
116
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Babie Bunnie Enterprises Inc dba Triangle Mothercare | (#,^) | 8516 Swarthmore Dr, Raleigh, NC 27615 | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/28/2027 | 23.3 | 23.3 | 24.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Polpo Realty LLC & Polpo Restaurant LLC dba Polpo Restaurant | (#,^) | 554 Old Post Rd #3, Greenwich, CT 06830 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/27/2037 | 434.8 | 434.8 | 490.9 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 186.8 | 186.8 | 210.9 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1.8 | 1.8 | 1.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 151.0 | 151.0 | 170.5 | 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 | 11.4 | 11.4 | 11.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 78.6 | 78.6 | 88.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| R & J Petroleum LLC Manar USA, Inc. | (#,^) | 305 Quincy Shore Dr, Quincy, MA 02107 | Gasoline Stations | Term Loan | Prime plus 2.75% | 11/20/2037 | 146.9 | 146.9 | 165.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3.9 | 3.9 | 3.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.2 | 4.2 | 4.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Reidville Hydraulics Mfg Inc dba Summit | (#,^) | 175 Industrial Lane, Torrington, CT 06790 | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 11/2/2037 | 214.2 | 214.2 | 241.8 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 53.3 | 53.3 | 60.2 | 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 | 2.3 | 2.3 | 2.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 291.8 | 291.8 | 329.5 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 15.6 | 15.6 | 15.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 231.7 | 231.7 | 261.6 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| KIND-ER-ZZ Inc dba Kidville | (#,^) | 30 Maple St., Summit, NJ 07901 | Educational Services | Term Loan | Prime plus 2.75% | 6/15/2022 | 6.7 | 6.7 | 6.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.7 | 2.7 | 2.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.3 | 50.3 | 56.8 | 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 | 2.8 | 2.8 | 2.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 0.6 | 0.6 | 0.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 23.5 | 23.5 | 23.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
117
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 56.9 | 56.9 | 60.6 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 644.4 | 644.4 | 680.2 | 0.18 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ATI Jet, Inc. | (#) | 7007 Boeing Dr, El Paso, TX 79925 | Air Transportation | Term Loan | Prime plus 2.75% | 12/28/2026 | 276.3 | 276.3 | 291.0 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 134.1 | 134.1 | 151.4 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.1 | 5.1 | 5.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.5 | 6.5 | 6.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 20.8 | 20.8 | 23.5 | 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 | 61.2 | 61.2 | 69.1 | 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 | 12.7 | 12.7 | 14.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 33.1 | 33.1 | 37.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 60.0 | 60.0 | 67.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 34.6 | 34.6 | 39.1 | 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 | 271.5 | 271.5 | 306.5 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 97.6 | 97.6 | 110.2 | 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 | 110.2 | 110.2 | 124.4 | 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 | 11.8 | 11.8 | 13.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| SuzyQue’s LLC dba Suzy Que’s | (#,^) | 34 South Valley Rd, West Orange, NJ 07052 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/11/2036 | 46.6 | 46.6 | 52.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 23.5 | 23.5 | 26.6 | 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 | 86.0 | 86.0 | 97.1 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
118
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 25.6 | 25.6 | 28.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Newsome Trucking Inc and Kevin Newsome | (#,^) | 2262 HWY 53W, Jasper, GA 30143 | Truck Transportation | Term Loan | Prime plus 2.75% | 9/2/2035 | 184.0 | 184.0 | 207.8 | 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 | 37.3 | 37.3 | 42.1 | 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 | 55.3 | 55.3 | 62.4 | 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 | 66.5 | 66.5 | 75.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Lahoba,LLC dba Papa John's Pizza | (#,^) | 620 W. Judge Perez Dr, Chalmette, LA 70163 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/30/2034 | 30.9 | 30.9 | 34.9 | 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 | 14.5 | 14.5 | 14.9 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 42.1 | 42.1 | 47.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| D & D's Divine Beauty School of Esther, LLC | (#,^) | 5524 Germantown Ave, Philadelphia, PA 19144 | Educational Services | Term Loan | 6% | 8/1/2031 | 39.8 | 39.8 | 38.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 58.1 | 58.1 | 57.6 | 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 | 15.0 | 15.0 | 15.4 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.1 | 9.1 | 10.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Water Works Laundromat, LLC | (#) | 968-970 Bergen St., Newark, NJ 07104 | Personal and Laundry Services | Term Loan | Prime plus 2.25% | 9/7/2027 | 118.0 | 118.0 | 123.2 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 16.9 | 16.9 | 17.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.5 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Christopher F. Bohon & Pamela D. Bohon | (#,^) | 11600 County Rd 71, Lexington, AL 35648 | Social Assistance | Term Loan | Prime plus 2.75% | 10/28/2026 | 2.0 | 2.0 | 2.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Mogas Limited | (#,^) | 47 Chestnut St., Elmer, NJ 08318 | Gasoline Stations | Term Loan | Prime plus 2.75% | 5/31/2030 | 49.6 | 49.6 | 53.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Moonlight Multi Media Production, Inc. | (#,^) | 2700 West Cypress Creek Rd, Fort Lauderdale, FL 33309 | Other Information Services | Term Loan | 5.3% | 2/1/2025 | 0.6 | 0.6 | 0.6 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| David M. Goens dba Superior Auto Paint & Body, Inc. | (#) | 1912 Manhattan Ave, Harvey, LA 70058 | Repair and Maintenance | Term Loan | 6% | 8/26/2024 | 8.2 | 8.2 | 8.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| McCallister Venture Group, LLC and Maw's Vittles, Inc. | (#,^) | 511 South Broad St., Brooksville, FL 34601 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/30/2029 | 8.4 | 8.4 | 9.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Whirlwind Car Wash, Inc. | (#) | 1370 Le Anne Marie Circle, Columbus, OH 43026 | Repair and Maintenance | Term Loan | Prime plus 2% | 4/9/2029 | 11.2 | 11.2 | 11.7 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.6 | 11.6 | 12.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
119
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Min Hui Lin | (#,^) | 1916 Broad St., Lanett, AL 36863 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/30/2028 | 12.0 | 12.0 | 12.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Auto Sales, Inc. | (#,^) | 1925 State St., Hamden, CT 06417 | Motor Vehicle and Parts Dealers | Term Loan | 6% | 8/17/2023 | 2.9 | 2.9 | 2.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ralph Werner dba Werner Transmission Inc | (#,^) | 259 East Central Ave, Bangor, PA 18013 | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/29/2021 | 0.1 | 0.1 | 0.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 21.8 | 21.8 | 21.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.7 | 2.7 | 2.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Deesha Corporation, Inc. dba Best Inn & Suites | (#,^) | 9225 Pkwy East, Birmingham, AL 35206 | Accommodation | Term Loan | Prime plus 2.25% | 2/14/2025 | 14.4 | 14.4 | 14.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.3 | 2.3 | 2.3 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 7.0 | 7.0 | 7.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Naseeb Corporation | (#,^) | 1696 North Broad St., Meriden, CT 06450 | Accommodation | Term Loan | Prime plus 2.25% | 3/31/2024 | 12.9 | 12.9 | 13.2 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Stillwell Ave Prep School | (#,^) | 1990 Stillwell Ave, Brooklyn, NY 11214 | Social Assistance | Term Loan | Prime plus 2.75% | 1/14/2023 | 1.9 | 1.9 | 2.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Alyssa Corp dba Knights Inn | (#,^) | 1105 Columbus Pkwy, Opelika, AL 36801 | Accommodation | Term Loan | Prime plus 2.25% | 9/30/2023 | 26.8 | 26.8 | 27.3 | 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 | 0.8 | 0.8 | 0.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Pegasus Automotive, Inc. | (#,^) | 3981 Hylan Blvd, Staten Island, NY 10308 | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/23/2022 | 2.0 | 2.0 | 2.1 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Total SBA Unguaranteed Accrual Investments | $ | 371,809.3 | $ | 371,809.3 | $ | 386,686.7 | 104.79 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
120
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | $ | 132.6 | $ | 132.6 | $ | 51.3 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||
| 15 Frederick Place LLC & Pioneer Windows Holdings Inc & Subs dba Pion | (*,#,^) | 3 Expressway Plaza, Ste 221, Roslyn Heights, NY 11577 | Fabricated Metal Product Manufacturing | Term Loan | 6% | 12/16/2021 | 44.8 | 44.8 | 43.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Pioneer Windows Manufacturing Corp, Pioneer Windows | (*,#,^) | 3 Expressway Plaza, Suuite 221, Roslyn Heights, NY 11577 | Fabricated Metal Product Manufacturing | Term Loan | 6% | 11/21/2022 | 80.7 | 80.7 | 43.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 50.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| ABC Sandblasting, LLC | (*,#,^) | 14029 56th St. NW, Williston, ND 58801 | Specialty Trade Contractors | Term Loan | Prime plus 0% | 10/31/2029 | 219.3 | 219.3 | 56.7 | 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 | 38.6 | 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 | — | 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 | 10.6 | 10.6 | 9.3 | 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 | 315.7 | 315.7 | 163.2 | 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 | 81.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Allied Welding Inc. | (*,#,^) | 1820 N. Santa Fe Ave, Chillicothe, IL 61523 | Fabricated Metal Product Manufacturing | Term Loan | 5.25% | 12/15/2041 | 698.8 | 698.8 | 698.8 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Al-Mustafa Enterprise, Inc. and Al-Mustafa Enterprise Inc | (*,#) | 6269 Caledon Rd, King George, VA 22485 | Motor Vehicle and Parts Dealers | Term Loan | 6.25% | 9/18/2040 | 657.2 | 657.2 | — | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Amboy Group, LLC dba Tommy Moloney's | (*,#) | 1 Amboy Ave, Woodbridge, NJ 07095 | Food Manufacturing | Term Loan | 6.5% | 6/14/2024 | 1,458.1 | 1,458.1 | 1,458.1 | 0.40 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 177.5 | 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 | 189.6 | 189.6 | 149.6 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 37.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Arrow Freight Inc | (*,#,^) | 1000 Jorie Blvd Ste 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 | 15.5 | 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
121
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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&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 | 222.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 20.1 | 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 | 38.9 | 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 | 32.2 | 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 | 57.0 | 57.0 | 51.3 | 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 | 46.4 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 24.6 | 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 | 6.2 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 570.9 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 82.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 470.5 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 0% | 10/31/2027 | 30.8 | 30.8 | 17.8 | 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 | 176.3 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 36.0 | 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 | 197.2 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 52.1 | 52.1 | 47.6 | 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 | 144.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Calhoun Satellite Communications, Inc. | (*,#) | 1914 Tigertail Blvd, Dania Beach, FL 33004 | Telecommunications | Term Loan | 7% | 12/2/2026 | 333.8 | 333.8 | 239.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
122
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | 147.9 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| CD Game Exchange Inc. | (*,#,^) | 3719 N Mississippi, Portland, OR 97227 | Merchant Wholesalers, Durable Goods | Term Loan | 8.25% | 9/28/2026 | 4.0 | 4.0 | 3.9 | 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 | 46.6 | 46.6 | 45.7 | 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 | 57.9 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 43.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Clark Realty LLC | (*,#,^) | 4 Walker Way, Albany, NY 12205 | Real Estate | Term Loan | 8% | 8/29/2041 | 73.3 | 73.3 | 38.0 | 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 | 446.4 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 81.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 194.2 | 194.2 | 110.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| CZAR Industries, Inc. | (*,#,^) | 1424 Heath Ave, Ewing, NJ 08638 | Machinery Manufacturing | Term Loan | 8.25% | 12/19/2027 | 141.3 | 141.3 | 30.5 | 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 | 43.4 | 43.4 | 18.4 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 9.1 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| David D. Sullivan dba DMS Construction | (*,#,^) | 6400 Charwood Place, Bakersfield, CA 93306 | Specialty Trade Contractors | Term Loan | 6% | 8/9/2028 | 10.8 | 10.8 | 8.6 | 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 | 43.0 | 43.0 | 42.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Destination Hope, Inc. and The Academy for Addiction Professionals, In | (*,#) | 6555 NW 9th Ave, Fort Lauderdale, FL 33309 | Ambulatory Health Care Services | Term Loan | 6% | 12/30/2044 | 37.5 | 37.5 | 36.8 | 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 | 489.6 | 0.13 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 80.9 | 80.9 | 79.3 | 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 | 230.0 | 230.0 | — | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Driven Warehouse/Distribution LLC | (*,#) | 271 East North Ave, Glendale, IL 60139 | Truck Transportation | Term Loan | 8% | 12/22/2027 | 726.2 | 726.2 | 386.8 | 0.10 | % | |||||||||||||||||||||||||||||||||||||||||||||
| DTM Parts Supply Inc. | (*,#) | 31 Sageman St, Mount Vernon, NY 10550 | Merchant Wholesalers, Durable Goods | Term Loan | 7% | 6/2/2025 | 38.3 | 38.3 | 38.3 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
123
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 22.3 | 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 | 3,118.0 | 0.84 | % | |||||||||||||||||||||||||||||||||||||||||||||
| E.S.F.P. LLC dba Volusia Van and Storage | (*,#,^) | 1203 N US 1, Ormond Beach, FL 32174 | Truck Transportation | Term Loan | 6% | 11/11/2025 | 54.4 | 54.4 | 6.4 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 305.8 | 305.8 | 238.6 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Eagle Aggregate Transportation, LLC | (*,#,^) | 4401 N I-35 Ste #113, Denton, TX 76207 | Truck Transportation | Term Loan | Prime plus 0% | 5/30/2028 | 72.9 | 72.9 | 71.5 | 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 | 309.3 | 0.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 42.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Ericon, Inc. | (*,#,^) | 740 Davenport Ave, Fremont, NE 68025 | Gasoline Stations | Term Loan | 8.25% | 12/1/2041 | 705.6 | 705.6 | 565.9 | 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 | 792.7 | 792.7 | 543.8 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Europlast Ltd | (*,#) | 100 Industrial Lane, Endeavor, WI 53930 | Plastics and Rubber Products Manufacturing | Term Loan | 6% | 9/26/2022 | 263.4 | 263.4 | 38.1 | 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 | 866.3 | 866.3 | 318.6 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 179.7 | 179.7 | 39.4 | 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 | 447.6 | 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 | 66.2 | 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 | 26.2 | 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 | 51.4 | 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 | 327.4 | 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 | 64.0 | 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 | 18.6 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
124
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Graphics,Type and Color Enterprises Inc dba Clubflyers.com and GTC Med | (*,#,^) | 2300 NW 7th Ave, Miami, FL 33127 | Printing and Related Support Activities | Term Loan | 8.25% | 9/28/2041 | 821.5 | 821.5 | 805.2 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Greensboro Plastic Surgical Associates, PA | (*,#,^) | 2716 Henry St., Greensboro, NC 27405 | Ambulatory Health Care Services | Term Loan | Prime plus 0% | 6/29/2042 | 545.1 | 545.1 | 441.3 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 178.4 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Hackensack Steel Corporation and Luzerne Ironworks Inc | (*,#,^) | 300 Sly St., Swoyersville, PA 18709 | Specialty Trade Contractors | Term Loan | Prime plus 0% | 11/10/2026 | 170.1 | 170.1 | 163.5 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 30.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.8 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 336.8 | 0.09 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 47.7 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| IHC Hardware Inc. | (*,#,^) | 614 Broad St., Story City, IA 50248 | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 0% | 12/6/2042 | 95.7 | 95.7 | 51.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 258.9 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 0% | 3/29/2044 | 820.8 | 820.8 | 554.1 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.0 | 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 | 621.7 | 621.7 | 97.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 418.0 | 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 | 25.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| JVLS LLC dba Vaccines 2 Go | (*,#,^) | 4060 Johns Creek Pkwy, Ste H, Suwanee, GA 30024 | Ambulatory Health Care Services | Term Loan | 6% | 12/7/2027 | 11.4 | 11.4 | — | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| JVLS LLC dba Vaccines 2 Go | (*,#,^) | 4060 Johns Creek Pkwy, Ste H,, Suwanee, GA 30024 | Ambulatory Health Care Services | Term Loan | 6% | 5/17/2028 | 6.6 | 6.6 | — | 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 | 3.3 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
125
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.3 | 18.3 | 16.8 | 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 | 16.2 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.6 | 17.6 | 17.3 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 28.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| LAN Doctors Inc | (*,#) | 14 Pierson Court, Mahwah, NJ 07430 | Professional, Scientific, and Technical Services | Term Loan | 8.25% | 8/28/2025 | 58.8 | 58.8 | 57.1 | 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 | 42.1 | 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 | 196.1 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Linqserv Inc. | (*,#,^) | 1555 Lyell Ave, Rochester, NY 14606 | Transit and Ground Passenger Transportation | Term Loan | 7.5% | 11/9/2027 | 264.0 | 264.0 | 22.0 | 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 | 13.2 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 16.3 | 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 | 78.6 | 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 | 37.0 | 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 | 7.1 | 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 | 68.4 | 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 | 111.9 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Morris Glass and Construction Inc | (*,#) | 40058 Hwy 30, Astoria, OR 97103 | Specialty Trade Contractors | Term Loan | 15% | 10/1/2023 | 341.0 | 341.0 | 165.2 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 86.4 | 86.4 | 7.4 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Murf & Sons LLC | (*,#,^) | 3821 Pleasant Hill Rd, Store #B-107, Kissimmee, FL 34746 | Food Services and Drinking Places | Term Loan | 6% | 11/16/2027 | 89.2 | 89.2 | 87.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| N Transport LLC | (*,#,^) | 5348 W Brown Ave, Fresno, CA 93722 | Truck Transportation | Term Loan | 8% | 11/20/2027 | 227.7 | 227.7 | 38.5 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| N Transport LLC | (*,#,^) | 294 N. Fruit Ave, Fresno, CA 93706 | Truck Transportation | Term Loan | 8.25% | 11/20/2042 | 175.3 | 175.3 | 142.3 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 40.1 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
126
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 88.3 | 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 | 3.0 | 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 | 36.8 | 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 | 825.9 | 0.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 366.1 | 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 | 103.7 | 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 | 89.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 429.1 | 429.1 | 424.9 | 0.12 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 277.9 | 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. Ste E, Deland, FL 34944 | Construction of Buildings | Term Loan | Prime plus 0% | 5/23/2042 | 315.2 | 315.2 | 273.3 | 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 | 255.9 | 255.9 | 253.4 | 0.07 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 55.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 109.3 | 109.3 | 9.1 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| RG Productions LLC | (*,#,^) | 2414 W Battlefield Ste H, Springfield, MO 65807 | Rental and Leasing Services | Term Loan | 6% | 3/28/2029 | 102.5 | 102.5 | 16.9 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Robert E. Caves, Sr. and American Plank dba Caves Enterprises | (*,#,^) | 40515 Pumpkin Center Rd, Hammond, LA 70403 | Merchant Wholesalers, Durable Goods | Term Loan | 6% | 9/30/2021 | 40.1 | 40.1 | 38.9 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Roundhay Partners LLC and Roundhay Farming LLC | (*,#,^) | 6160 Granite Spring Rd, Somerset, CA 95684 | Crop Production | Term Loan | 8.25% | 8/8/2042 | 898.1 | 898.1 | 863.0 | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 229.5 | 229.5 | 220.5 | 0.06 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 6.9 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
127
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Route 130 SCPI Holdings LLC Route 130 SCPI Operations LLC | (*,#) | 423-429 Route 156, Trenton, NJ 08620 | Food Services and Drinking Places | Term Loan | 6.25% | 9/30/2039 | 279.5 | 279.5 | 34.0 | 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 | 8.25% | 11/23/2040 | 738.3 | 738.3 | 709.4 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 472.7 | 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 | 95.9 | 95.9 | 12.1 | 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 | 62.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 51.1 | 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 | 523.1 | 523.1 | 16.2 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Shaffer Automotive Repair, LLC | (*,#) | 1485 North McQueen Rd #1, Gilbert, AZ 85233 | Repair and Maintenance | Term Loan | 7% | 5/24/2030 | 91.0 | 91.0 | 43.2 | 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 | 75.7 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Smith and Son Plumbing, LLC | (*,#,^) | 15922 Eldorado Pkwy, Ste 500-1579, Frisco, TX 75035 | Specialty Trade Contractors | Term Loan | 6% | 6/10/2029 | 76.0 | 76.0 | 34.2 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Space Express, LLC | (*,#,^) | 2775 Burris Rd, Davie, FL 33314 | Truck Transportation | Term Loan | Prime plus 0% | 3/12/2029 | 123.5 | 123.5 | 87.1 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 118.3 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Specialty Surgery Center, Inc. | (*,#,^) | 5505 Peachtree Dunwoody Rd Stes 640,645, Atlanta, GA 30342 | Ambulatory Health Care Services | Term Loan | 6% | 6/28/2029 | 1,158.8 | 1,158.8 | 170.8 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||||||||
| StillBasi Holdings, Inc. dba Buxton Auto Transport | (*,#,^) | 9371 Jackson Rd, Sacramento, CA 95826 | Truck Transportation | Term Loan | Prime plus 0% | 3/29/2029 | 267.0 | 267.0 | 204.2 | 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 | 82.2 | 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 | 105.4 | 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 | 326.3 | 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 | 48.8 | 0.01 | % | |||||||||||||||||||||||||||||||||||||||||||||
| The Jig, LLC | (*,#,^) | 3115 Camp Phillips Rd, Wausau, WI 54403 | Food Services and Drinking Places | Term Loan | 8.25% | 10/24/2042 | 24.0 | 24.0 | 23.5 | 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 | 325.3 | 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 | 674.6 | 674.6 | 563.4 | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||
128
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Victorian Restaurant and Tavern, LLC | (*,#,^) | 226 Maple Ave, Cheshire, CT 06410 | Food Services and Drinking Places | Term Loan | 8.25% | 2/22/2042 | 91.9 | 91.9 | 65.8 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 60.4 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 16.0 | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Wilban LLC | (*,#,^) | 454 US Hwy 22, Whitehouse Station, NJ 08889 | Food Services and Drinking Places | Term Loan | 7.5% | 3/11/2026 | 21.7 | 21.7 | 21.3 | 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 | 100.5 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 81.2 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 562.0 | 562.0 | 408.7 | 0.11 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 74.3 | 0.02 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Total Unguaranteed Non-Accrual SBA Investments | 52,985.9 | 52,985.9 | $ | 27,041.3 | 7.33 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Unguaranteed SBA Investments | $ | 424,795.2 | $ | 424,795.2 | $ | 413,728.0 | 112.12 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
129
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | $ | 807.9 | $ | 807.9 | $ | 910.5 | 0.25 | % | |||||||||||||||||||||||||||||||||||||||||||
| 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 | 72.9 | 72.9 | 82.1 | 0.02 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| The Hall at the Yard | 1412 Alden Rd, Orlando, FL 32803 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/2/2031 | 1,579.0 | 1,579.0 | 1,779.5 | 0.48 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 Ste T-16, Pacific Palisades, CA 90272 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/11/2031 | 178.9 | 178.9 | 201.7 | 0.05 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| ALG Health | 520 West Mulberry St., Bryon, OH 43506 | Computer and Electronic Product Manufacturing | Term Loan | Prime plus 2.75% | 6/29/2031 | 2,720.6 | 2,720.6 | 3,066.0 | 0.83 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Earth Analytical Sciences Inc | 4825 Ward Dr, Beaumont, TX 77705 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/17/2031 | 505.6 | 505.6 | 569.8 | 0.15 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Woodzzy LLC | 1133 Clarkson Ave, Brooklyn, NY 11212 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/19/2046 | 1,523.7 | 1,523.7 | 1,717.1 | 0.47 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 899 Toscanini LLC | 899 Main St., Cambridge, MA 02139 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/9/2031 | 58.5 | 58.5 | 65.9 | 0.02 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Prestige Nationwide LLC | 1131 Burke St., Winston-Salem, NC 27101 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/22/2046 | 382.5 | 382.5 | 438.9 | 0.12 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 3,466.4 | 0.94 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 112.7 | 0.03 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 412.7 | 412.7 | 441.6 | 0.12 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 858.8 | 0.23 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Talent Leadership LLC | 4280 Lavon Dr, Garland, TX 75040 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/25/2031 | 261.0 | 261.0 | 295.0 | 0.08 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| U.S. 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 | 566.6 | 566.6 | 639.6 | 0.17 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| U.S. 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 | 433.4 | 433.4 | 502.2 | 0.14 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| VILLELA CPA PLLC | 3877 SE 5th Ave, Ocala, FL 34480 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/30/2031 | 135.0 | 135.0 | 152.6 | 0.04 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 252.9 | 252.9 | 285.9 | 0.08 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Gene Properties LLC | 149 Atlantic Ave, Westerly, RI 02891 | Accommodation | Term Loan | Prime plus 2.75% | 6/30/2046 | 900.0 | 900.0 | 1,035.0 | 0.28 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Tidal Commerce Inc. | 2100 Clearwater Dr, Oak Brook, IL 60523 | Credit Intermediation and Related Activities | Term Loan | Prime plus 2.75% | 6/30/2031 | 2,947.5 | 2,947.5 | 3,323.3 | 0.90 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 450.0 | 450.0 | 508.6 | 0.14 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| New York Equestrian Ltd. | 633 EAGLE AVE, WEST HEMPSTEAD, NY 11552 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/30/2046 | 1,000.0 | 1,000.0 | 1,152.5 | 0.31 | % | ||||||||||||||||||||||||||||||||||||||||||||||
130
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sheldon T. Banks, LLC | G2340 W Carpenter Rd, Flint, MI 48505 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/30/2046 | 520.2 | 520.2 | 603.4 | 0.16 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 589.5 | 589.5 | 683.8 | 0.19 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Superior Coach Interiors, Inc. | 211 Babb Dr, Lebanon, TN 37087 | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 6/30/2031 | 3,453.3 | 3,453.3 | 3,880.6 | 1.05 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| CRAFTWORK CARPENTRY AND MILLWORK INC. | 2777 S Financial Ct., Sandford, FL 32773 | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/30/2031 | 1,044.0 | 1,044.0 | 1,178.4 | 0.32 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| RH All Around Repair | 2008 Coahuila Rd, Odessa, TX 79763 | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/30/2046 | 470.3 | 470.3 | 545.5 | 0.15 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Chet Lemon Enterprises Inc. | 1544 Lane Park Cut off, Tavares, FL 32778 | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 3/3/2031 | 813.2 | 813.2 | 905.7 | 0.25 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Diamond Ridge Professionals | 8629 Mesquite Circle, Magna, UT 84044 | Construction of Buildings | Term Loan | Prime plus 6.5% | 1/19/2031 | 18.4 | 18.4 | 20.4 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Centre for Autism Treatment | 13090 Sundown Rd, Victorville, CA 92392 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 1/20/2031 | 18.4 | 18.4 | 20.4 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Londerpass Inc. | 108 N Fiore Pkwy, Vernon Hills, IL 60061 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 1/21/2031 | 18.4 | 18.4 | 20.4 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 17.6 | 17.6 | 19.6 | 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 | 18.4 | 18.4 | 20.4 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 13.6 | 13.6 | 15.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18.4 | 18.4 | 20.4 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Pasture Clearing Fencing LLC | 1205 N St., Belleville, KS 66935 | Construction of Buildings | Term Loan | Prime plus 6.5% | 1/22/2031 | 18.4 | 18.4 | 20.4 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Wild Wellness LLC | 151 Lake St., Lancaster, OH 43130 | Ambulatory Health Care Services | Term Loan | Prime plus 6.5% | 1/22/2031 | 8.1 | 8.1 | 9.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Jazma Wise | 110 Golden Pine Rd SW, Austell, GA 30168 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 1/28/2031 | 11.8 | 11.8 | 13.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| uniguide Media LLC | 105 Pearl St., Sausalito, CA 94965 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 2/11/2031 | 18.6 | 18.6 | 20.6 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Alima Mandiang | 242 E. Claremont Rd, Philadelphia, PA 19120 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 2/17/2031 | 7.4 | 7.4 | 8.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Benevolent Family Services LLC | 522 S Independence Blvd, Ste 201, Virginia Beach, VA 23452 | Ambulatory Health Care Services | Term Loan | Prime plus 6.5% | 3/15/2031 | 18.7 | 18.7 | 20.8 | 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 | 18.7 | 18.7 | 20.8 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Blasco Tire | 960 Memorial Dr, Griffin, GA 30223 | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 6.5% | 3/24/2031 | 18.7 | 18.7 | 20.7 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Stephanie Doty | 82 Diggins Dr, Folsom, CA 95630 | Insurance Carriers and Related Activities | Term Loan | Prime plus 6.5% | 4/14/2031 | 11.2 | 11.2 | 12.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
131
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lockett Trucking and Transport LLC | 612 Colebridge Dr, Blacklick, OH 43004 | Truck Transportation | Term Loan | Prime plus 6.5% | 4/14/2031 | 18.7 | 18.7 | 20.8 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| RV Solar LLC | 635 E Laverne Dr, Oak Creek, WI 53154 | Specialty Trade Contractors | Term Loan | Prime plus 6.5% | 4/14/2031 | 18.7 | 18.7 | 20.8 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Foy Commerce LLC | 1725 Park Lane S, Ste 2,, Jupiter, FL 33458 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 5/5/2031 | 18.8 | 18.8 | 20.8 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| American Pharmaceutical Innovation Company, LLC | 1425 Centre Circle, Downers Grove, IL 60515 | Chemical Manufacturing | Term Loan | Prime plus 2.75% | 3/28/2027 | 42.2 | 42.2 | 42.2 | 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 | 10.7 | 10.7 | 10.7 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Rello Inc. | 8063 Jericho Turnpike, Woodbury, NY 11797 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 4/17/2029 | 5.2 | 5.2 | 5.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 2Choice2Friends LLC | 901 W Braker Lane, Austin, TX 78758 | Food Services and Drinking Places | Term Loan | Prime plus 6.5% | 4/17/2029 | 10.8 | 10.8 | 10.8 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 10.9 | 10.9 | 10.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Crystal Cleaning Service | 26 Cooper Rd, Byhalia, MS 38611 | Administrative and Support Services | Term Loan | Prime plus 6.5% | 5/9/2029 | 8.9 | 8.9 | 8.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Clowers Trucking by Faith LLC | 705 E Brookwood PL, Valdosta, GA 31601 | Truck Transportation | Term Loan | Prime plus 6.5% | 5/23/2029 | 10.8 | 10.8 | 10.8 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| MCM Design LLC | 5926 Vinings Vintage Way, Mableton, GA 30126 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 5/23/2029 | 8.4 | 8.4 | 8.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Still Photography | 195 Terrace Place, Apt. 2, Brooklyn, NY 11218 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 6/6/2029 | 10.9 | 10.9 | 10.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Archer Cleaners Inc. | 1514 W. 33rd St., Chicago, IL 60608 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 6/10/2029 | 11.0 | 11.0 | 11.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.4 | 4.4 | 4.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Bonadi Inc. | 9858 W Sample Rd, Coral Springs, FL 33065 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 6/17/2029 | 11.0 | 11.0 | 11.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Campuscuts LLC | 930 Robtrice Ct, Edmond, OK 73430 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 6/21/2029 | 6.6 | 6.6 | 6.6 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Port Diesel LLC | 3212 Alex Trask Dr, Castle Hayne, NC 28429 | Repair and Maintenance | Term Loan | Prime plus 6.5% | 6/21/2029 | 11.0 | 11.0 | 11.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Menshka Inc. | 88 High St., Mountclair, NJ 07042 | Ambulatory Health Care Services | Term Loan | Prime plus 6.5% | 7/10/2029 | 11.0 | 11.0 | 11.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.1 | 11.1 | 11.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.8 | 8.8 | 8.8 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Gradstreet LLC | 2437 Corinth Ave Apt 130, Los Angeles, CA 90064 | Nonstore Retailers | Term Loan | Prime plus 6.5% | 7/30/2029 | 6.7 | 6.7 | 6.7 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| A&S Services LLC | 3888 Lightner Rd, Vandalia, OH 45377 | Food Services and Drinking Places | Term Loan | Prime plus 6.5% | 8/7/2029 | 11.1 | 11.1 | 11.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.1 | 11.1 | 11.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
132
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Push Back LLC | 2223 Dungan Ave, Bensalem, PA 19020 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 8/30/2029 | 10.8 | 10.8 | 10.8 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.1 | 11.1 | 11.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Standard Real Estate Services LLC | 500 West Silver Spring Dr, Ste K 200,, Glendale, WI 53217 | Real Estate | Term Loan | Prime plus 6.5% | 9/19/2029 | 11.1 | 11.1 | 11.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Bargain Store | 107 Tabernacle Church Rd, Candor, NC 27229 | General Merchandise Stores | Term Loan | Prime plus 6.5% | 10/11/2029 | 11.2 | 11.2 | 11.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Powerlift Dumbwaiters Inc. | 2444 Georgia Slide Rd, Georgetown, CA 95634 | Machinery Manufacturing | Term Loan | Prime plus 6.5% | 10/16/2029 | 10.7 | 10.7 | 10.7 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Pine Mountain Residential LLC | 10240 Cosmopolitan Circle, Parker, CO 80134 | Specialty Trade Contractors | Term Loan | Prime plus 6.5% | 10/16/2029 | 11.2 | 11.2 | 11.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.2 | 11.2 | 11.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Sean McNamara | 5639 Wood Lane, Allentown, PA 18106 | Nonstore Retailers | Term Loan | Prime plus 6.5% | 11/14/2029 | 11.3 | 11.3 | 11.3 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| The Pinnacle Group | 105 Springside Dr, Akron, OH 44333 | Social Assistance | Term Loan | Prime plus 6.5% | 11/14/2029 | 11.3 | 11.3 | 11.3 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Standard Capital Corp. | 2349 Wessington Dr, Virginia Beach, VA 23456 | Insurance Carriers and Related Activities | Term Loan | Prime plus 6.5% | 12/5/2029 | 11.4 | 11.4 | 11.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.3 | 11.3 | 11.3 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| HADD Corp | 364 Rugby Rd, Cedarhurst, NY 11516 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 12/17/2029 | 11.3 | 11.3 | 11.3 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| La Tradicion Cubana Inc. | 9357 S.W. 40th St., Miami, FL 33165 | Miscellaneous Store Retailers | Term Loan | Prime plus 6.5% | 12/20/2029 | 11.4 | 11.4 | 11.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 11.5 | 11.5 | 11.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| All Modes Transportation and Logistics | 4313 Collingtree Dr, Rockledge, FL 32955 | Support Activities for Transportation | Term Loan | Prime plus 6.5% | 2/14/2030 | 11.5 | 11.5 | 11.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.1 | 12.1 | 12.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 1.1 | 1.1 | 1.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Flex Beauty Labs LLC | 7512 Dr. Phillip Blvd, Orlando, FL 32819 | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 6.5% | 11/24/2030 | 12.1 | 12.1 | 12.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.1 | 12.1 | 12.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 5.4 | 5.4 | 5.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
133
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4.9 | 4.9 | 4.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| R. JOHNSON CRAFTSMANSHIP | 346 Spring Garden Rd, Milford, NJ 08848 | 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 32503 | Food Services and Drinking Places | Term Loan | Prime plus 6.5% | 12/11/2030 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Donald W. Harris | 1625 US-59 N, Linden, TX 75563 | Warehousing and Storage | Term Loan | Prime plus 6.5% | 12/11/2030 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| David Benson LLC | 1422 Euclid Ave, Cleveland, OH 44115 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 6.5% | 12/16/2030 | 12.2 | 12.2 | 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 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Vege Investments, LLC | 26400 SW 177th Ave, Homestead, FL 33031 | Gasoline Stations | Term Loan | Prime plus 6.5% | 12/16/2030 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Tiki Torch Liquors | 101 Dallas St., Talihima, OK 74571 | Food and Beverage Stores | Term Loan | Prime plus 6.5% | 12/23/2030 | 12.2 | 12.2 | 12.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Austen Felder Holdings | 23642 Hwy 25, Franklinton, LA 70438 | Personal and Laundry Services | Term Loan | Prime plus 6.5% | 1/18/2031 | 12.3 | 12.3 | 12.3 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| San Basilio, LLC | 12305 SW 38th St., Ocala, FL 34481 | PPP | Term Loan | 1.0% | 5/4/2022 | 2.5 | 2.5 | 2.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| MacLeod and Company | 3161 Michelson Dr, Irvine, CA 92612 | PPP | Term Loan | 1.0% | 5/5/2022 | 7.5 | 7.5 | 7.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Swirnow Capital Management Corp | 500 Harborview Dr, Third Floor, Baltimore, MD 21230 | PPP | Term Loan | 1.0% | 5/5/2022 | 10.0 | 10.0 | 10.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
134
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Ntrepid LLC | 12801 Worldgate Dr, Ste 800, Herndon, VA 20170 | PPP | Term Loan | 1.0% | 5/6/2022 | 720.2 | 720.2 | 720.2 | 0.20 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 01821 | PPP | Term Loan | 1.0% | 5/12/2022 | 22.0 | 22.0 | 22.0 | 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, Ste 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, 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Quality Pool Management | 161 Rombout Rd, Poughkeepsie, NY 12603 | PPP | Term Loan | 1.0% | 5/13/2022 | 6.4 | 6.4 | 6.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| D. R. Horne & Company | 117 Mercer St., Princeton, NJ 08540 | PPP | Term Loan | 1.0% | 5/14/2022 | 0.4 | 0.4 | 0.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Dominic Orfitelli, LLC | 7101 Elizabeth Dr, McLean, VA 22101 | PPP | Term Loan | 1.0% | 5/15/2022 | 3.1 | 3.1 | 3.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 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, Ste 225, Huntington Park, CA 90255 | PPP | Term Loan | 1.0% | 5/15/2022 | 21.7 | 21.7 | 21.7 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
135
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Chatham Pathology and Associates | 5353 Reynolds St, Savannah, GA 31405 | PPP | Term Loan | 1.0% | 5/15/2022 | 16.8 | 16.8 | 16.8 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Timothy G Greco, MD A Prof Corp | 1260 Crestview Dr, Fullerton, CA 92833 | PPP | Term Loan | 1.0% | 5/15/2022 | 3.4 | 3.4 | 3.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Brookhollow Management Company | 151 Kalmus Dr, F-1, Costa Mesa, CA 92626 | PPP | Term Loan | 1.0% | 5/15/2022 | 30.6 | 30.6 | 30.6 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Hotel Cheval, LLC | 1021 Pine St, Paso Robles, CA 93446 | PPP | Term Loan | 1.0% | 5/18/2022 | 17.5 | 17.5 | 17.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Kohcoon LLC | 4060 Woodridge Rd, Miami, FL 33133 | PPP | Term Loan | 1.0% | 5/18/2022 | 2.9 | 2.9 | 2.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Mecca Resources Inc | 3033 Riviera Dr, Ste 101, Naples, FL 34103 | PPP | Term Loan | 1.0% | 5/19/2022 | 1.5 | 1.5 | 1.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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, Ste 303 South, Falls Church, VA 22043 | PPP | Term Loan | 1.0% | 5/20/2022 | 31.0 | 31.0 | 31.0 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Brandy Cox, Inc | 11818 Cupworth Ct, Huntersville, NC 28078 | PPP | Term Loan | 1.0% | 5/20/2022 | 0.8 | 0.8 | 0.8 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 07652 | PPP | Term Loan | 1.0% | 5/21/2022 | 0.9 | 0.9 | 0.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
136
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Carrie Risatti | 307 Montana Ave, #201, Santa Monica, CA 90403 | PPP | Term Loan | 1.0% | 5/21/2022 | 1.7 | 1.7 | 1.7 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| S & L Paper Corporation | 3500 Hampton Rd, Oceanside, NY 11572 | PPP | Term Loan | 1.0% | 5/22/2022 | 12.9 | 12.9 | 12.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Steeplechase Amusement Inc | 11540 Clover Ave, Los Angeles, CA 90066 | PPP | Term Loan | 1.0% | 5/22/2022 | 4.2 | 4.2 | 4.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| BanzaiFly Inc | 3861 Reklaw Dr, Studio City, CA 91604 | PPP | Term Loan | 1.0% | 5/22/2022 | 2.0 | 2.0 | 2.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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, Ste 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Aqua Flies LLC | PO Box 2216, Sebastopol, CA 95473 | PPP | Term Loan | 1.0% | 5/27/2022 | 1.0 | 1.0 | 1.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| AMAN PC | 181 Westfield Ave, Clark, NJ 07066 | PPP | Term Loan | 1.0% | 5/27/2022 | 9.9 | 9.9 | 9.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Tinny Corporation | 100 Bradley St, Middletown, CT 06457 | PPP | Term Loan | 1.0% | 5/28/2022 | 50.2 | 50.2 | 50.2 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
137
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PPJ | 2 Carsha Dr, Natick, MA 01760 | PPP | Term Loan | 1.0% | 5/28/2022 | 33.6 | 33.6 | 33.6 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Emeco | 805 W Elm Ave, Hanover, PA 17331 | PPP | Term Loan | 1.0% | 5/28/2022 | 50.7 | 50.7 | 50.7 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Jaron Presant, Inc. | 752 Juanita Ave, Santa Barbara, CA 93109 | PPP | Term Loan | 1.0% | 5/28/2022 | 2.0 | 2.0 | 2.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Elizabeth W. Shull | 2600 Wamath Dr, 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Raidah Hudson Dentistry | 4374 S Laburnum Ave, Richmond, VA 23231 | PPP | Term Loan | 1.0% | 5/29/2022 | 2.5 | 2.5 | 2.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 Dr, New York, NY 10025 | PPP | Term Loan | 1.0% | 6/1/2022 | 1.2 | 1.2 | 1.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Lori B. Birndorf, D.O., A Medical Corporation | 12139 Riverside Dr, Valley Village, CA 91607 | PPP | Term Loan | 1.0% | 6/1/2022 | 3.0 | 3.0 | 3.0 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
138
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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, Ste 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, Ste 700, Dallas, TX 75251 | PPP | Term Loan | 1.0% | 6/1/2022 | 15.1 | 15.1 | 15.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Orange Park Travel | 3657 St Johns Ave, Jacksonville, FL 32205 | PPP | Term Loan | 1.0% | 6/2/2022 | 6.3 | 6.3 | 6.3 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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, Ste 200-300, Long Beach, CA 90806 | PPP | Term Loan | 1.0% | 6/2/2022 | 7.4 | 7.4 | 7.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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, Ste 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 08561 | PPP | Term Loan | 1.0% | 6/3/2022 | 1.7 | 1.7 | 1.7 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Subterranean Hair | 263 W 7th St, San Pedro, CA 90731 | PPP | Term Loan | 1.0% | 6/3/2022 | 0.9 | 0.9 | 0.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
139
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Lisa Segmiller | 17211 Bellhaven Walk Ct, Charllote, NC 28277 | PPP | Term Loan | 1.0% | 6/4/2022 | 1.2 | 1.2 | 1.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| MAYATEX, INC. | 5015 S IH 35, Georgetown, TX 78626 | PPP | Term Loan | 1.0% | 6/4/2022 | 4.7 | 4.7 | 4.7 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Charm City Cakes | 2936 Remington Ave, Baltimore, MD 21211 | PPP | Term Loan | 1.0% | 6/4/2022 | 5.5 | 5.5 | 5.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Seattle Ventures LLC | 2215 3rd Ave W, Seattle, WA 98119 | PPP | Term Loan | 1.0% | 6/5/2022 | 2.1 | 2.1 | 2.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| CT Business Enterprises | 14703 Lyon Hill Ln, Huntersville, NC 28078 | PPP | Term Loan | 1.0% | 6/5/2022 | 0.5 | 0.5 | 0.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
140
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| LaFlower Construction, Inc. | 23888 Madison St, Torrance, CA 90505 | PPP | Term Loan | 1.0% | 6/5/2022 | 0.1 | 0.1 | 0.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| HYPRLABS INC. | 400 Concar Dr, San Mateo, CA 94402 | PPP | Term Loan | 1.0% | 6/5/2022 | 10.4 | 10.4 | 10.4 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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, Ste 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| G&A Rehab, Inc | 3333 Skypark Dr, Ste 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Intrepid | 7 Quail Ridge Rd S, Rolling Hills, CA 90274 | PPP | Term Loan | 1.0% | 6/10/2022 | 6.9 | 6.9 | 6.9 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Cassidy Holdings, LLC | 7712 Hillside Dr, La Jolla, CA 92037 | PPP | Term Loan | 1.0% | 6/10/2022 | 1.2 | 1.2 | 1.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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, Ste 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Mary Jane Marchisotto dba MJM Advisory, LLC | 245 E 87th St, Apt 9F, New York, NY 10128 | 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Lead Tek Plating | 27555 SW Boones Ferry Rd, Wilsonville, OR 97070 | PPP | Term Loan | 1.0% | 6/12/2022 | 20.0 | 20.0 | 20.0 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
141
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dan Counts & Associates, Inc. | 1780 Prescott Ave, Monterey, CA 93940 | PPP | Term Loan | 1.0% | 6/12/2022 | 1.1 | 1.1 | 1.1 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Diamondback Golf Course, LLC | 500 Harborview Dr, Third Floor, Baltimore, MD 21230 | PPP | Term Loan | 1.0% | 6/12/2022 | 7.6 | 7.6 | 7.6 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| NTR Partners Administration LLC | 11726 San Vicente Blvd, Ste 290, Los Angeles, CA 90049 | PPP | Term Loan | 1.0% | 6/22/2022 | 3.5 | 3.5 | 3.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Surco Products, Inc. | 14001 S Main St, Los Angeles, CA 90061 | PPP | Term Loan | 1.0% | 6/23/2022 | 7.5 | 7.5 | 7.5 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| SPM MANAGEMENT GROUP INC | 220 E 117th St, New York, NY 10035 | PPP | Term Loan | 1.0% | 5/7/2022 | 20.7 | 20.7 | 20.7 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| PPS UTICA LLC | 251 Utica Ave, Brooklyn, NY 11213 | PPP | Term Loan | 1.0% | 5/7/2022 | 15.2 | 15.2 | 15.2 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Brown Brothers Group LLC | 220 E 117th St, New York, NY 10035 | PPP | Term Loan | 1.0% | 5/7/2022 | 77.5 | 77.5 | 77.5 | 0.02 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| PPS Neptune LLC | 360 Neptune Ave, Brooklyn, NY 11235 | PPP | Term Loan | 1.0% | 5/6/2022 | 10.7 | 10.7 | 10.7 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
| PPS UNION LLC | 505 Union Ave, Brooklyn, NY 11211 | PPP | Term Loan | 1.0% | 5/6/2022 | 30.0 | 30.0 | 30.0 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Park 5200 LLC | 5200 1st Ave, Brooklyn, NY 11232 | PPP | Term Loan | 1.0% | 5/7/2022 | 26.7 | 26.7 | 26.7 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Tow-NY Auto Body CORP | 220 117th St, New York, NY 10035 | PPP | Term Loan | 1.0% | 2/1/2026 | 26.6 | 26.6 | 26.6 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Park North 1 LLC | 220 117th St, New York, NY 10035 | PPP | Term Loan | 1.0% | 2/8/2026 | 37.5 | 37.5 | 37.5 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Park North 9 LLC | 1461 1st Ave, New York, NY 10075 | PPP | Term Loan | 1.0% | 2/11/2026 | 23.0 | 23.0 | 23.0 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| PP Management 1 Corp | 1461 1st Ave, New York, NY 10075 | PPP | Term Loan | 1.0% | 2/16/2026 | 26.6 | 26.6 | 26.6 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| PPS Union LLC | 515 Union Ave, Brooklyn, NY 11211 | PPP | Term Loan | 1.0% | 2/22/2026 | 30.0 | 30.0 | 30.0 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| West 15 Park LLC | 2776 W 15th St, Brooklyn, NY 11224 | PPP | Term Loan | 1.0% | 2/26/2026 | 21.7 | 21.7 | 21.7 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| NY Auto Concierge Inc | 220 117th St, New York, NY 10035 | PPP | Term Loan | 1.0% | 2/25/2026 | 85.9 | 85.9 | 85.9 | 0.02 | % | ||||||||||||||||||||||||||||||||||||||||||||||
142
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PPS DEKALB LLC | 1601 DeKalb Ave, Brooklyn, NY 11237 | PPP | Term Loan | 1.0% | 3/2/2026 | 25.2 | 25.2 | 25.2 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 12 Spencer Park LLC | 12 Spencer St, Brooklyn, NY 11205 | PPP | Term Loan | 1.0% | 3/12/2026 | 19.9 | 19.9 | 19.9 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 4 SQUARE MANAGEMENT, LLC | 53 Broadway, Brooklyn, NY 11249 | PPP | Term Loan | 1.0% | 3/15/2026 | 35.1 | 35.1 | 35.1 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| PPS 37TH AVENUE LLC | 8211 37th Ave, Jackson Heights, NY 11372 | PPP | Term Loan | 1.0% | 3/23/2026 | 39.0 | 39.0 | 39.0 | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Arel Capital LP | 540 Madison Ave, New York, NY 10022 | PPP | Term Loan | 1.0% | 3/24/2026 | 350.0 | 350.0 | 350.0 | 0.09 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Junction Elmhurst NY Corp | 220 117th St, New York, NY 10035 | PPP | Term Loan | 1.0% | 3/29/2026 | 22.3 | 22.3 | 22.3 | 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Total SBA Guaranteed Accrual Investments | $ | 32,066.2 | $ | 32,066.2 | $ | 35,339.4 | 9.58 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
143
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 99.8 | 99.8 | 99.8 | 0.03 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Softcare247 LLC | (*) | 4191 Naco Perrin Blvd, San Antonio, TX 78217 | Professional, Scientific, and Technical Services | Term Loan | Prime plus 9.75% | 9/11/2029 | 11.8 | 11.8 | 11.8 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Deer Valley Sport Shop LLC | (*) | 507 Bamboo Rd, Boone, NC 28607 | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 9.75% | 11/7/2029 | 12.0 | 12.0 | 12.0 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
| Total SBA Guaranteed Non-Accrual Investments | $ | 1,109.8 | $ | 1,109.8 | $ | 1,109.8 | 0.32 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total SBA Guaranteed Investments | $ | 33,176.0 | $ | 33,176.0 | $ | 36,449.2 | 9.88 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total SBA Unguaranteed and Guaranteed Investments | $ | 457,971.2 | $ | 457,971.2 | $ | 450,177.2 | 122.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
144
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 18,460.0 | 18,460.0 | 11,800.0 | 3.20 | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Newtek Technology Solutions, Inc. | (*,#) (24) | 1904 W. Parkside Lane Phoenix, AZ 85027 | Data processing, Hosting, and Related Services | 100% Common Stock | —% | — | — | 19,503.7 | 31,500.0 | 8.54 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Line of Credit | 10% | Nov 2028 | 10,361.0 | 10,821.0 | 10,821.0 | 2.93 | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Line of Credit | Prime plus 0.5% | April 2021 | 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 | —% | — | — | 135.0 | 2,150.0 | 0.58 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 4,000.0 | 1.08 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Term Loan | 10% | June 2021 | 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 | 30.22 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 0.68 | % | |||||||||||||||||||||||||||||||||||||||||||||
145
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 Business Lending, LLC | (*,#) (10) | 14 East Washington St., Orlando, FL 32801 | Securities, Commodity Contracts, and Other Financial Investments and Related Activities | 100% Membership Interest | —% | — | — | 36,362.0 | 41,362.0 | 11.21 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 20,304.0 | 5.50 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 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 | 659.0 | 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% | 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 | 0.28 | % | |||||||||||||||||||||||||||||||||||||||||||||
| 50.14% Membership Interest | — | — | — | — | — | — | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total Controlled Investments | $ | 35,046.2 | $ | 144,286.0 | $ | 239,021.0 | 64.77 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
146
See accompanying notes to consolidated financial statements.
NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
JUNE 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 | 5,415.1 | 5,415.1 | 5,939.1 | 1.61 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Total Non-Control Investments | $ | 5,415.1 | $ | 6,415.1 | $ | 6,939.1 | 1.88 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total Investments | $ | 498,432.5 | $ | 608,672.3 | $ | 696,137.3 | 188.65 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
^ 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 June 30, 2021 are based off a Prime Rate equal to 3.25% and 1 month LIBOR equal to 0.10050%, 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 six months ended June 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.
147
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 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.).
(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) 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.
148
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 June 30, 2021, 7.4% 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. The Schedule of Investments shows IPM and SIDCO under NTS.
As of June 30, 2021, the federal tax cost of investments was $608.7 million resulting in estimated gross unrealized gains and losses of $154.1 million and $58.5 million, respectively.
149
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 | % | |||||||||||||||||||||||||||||||||||||||||||||
150
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 | % | |||||||||||||||||||||||||||||||||||||||||||||
151
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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (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 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | — | % | ||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (22) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (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 | % | |||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (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 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
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 Unguaranteed Accrual Investments (1) (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 six 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.).
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 | ||||||||||||||||||||||||||||||||||||||||||||||
| SBA Unguaranteed Accrual Investments (1) (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.
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 | ||||||||||||||||||||||||||||||||||||||||||||||
| SBA Unguaranteed Accrual Investments (1) (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.
299
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 the approval of, among others, the Office of the Comptroller of Currency, the Federal Reserve and the SBA (collectively, 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 "NOTE 17— SUBSEQUENT EVENTS — Stock Purchase Agreement."
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.
300
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.
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 June 30, 2021, cash deposits in excess of insured amounts totaled $46.6 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 June 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 June 30, 2021, total restricted cash was $129.8 million.
The following table provides a reconciliation of cash and restricted cash as of June 30, 2021 and 2020 and December 31, 2020 and 2019:
| June 30, 2021 | June 30, 2020 | December 31, 2020 | December 31, 2019 | ||||||||||||||||||||
| Cash | $ | 18,798 | 13,385 | 2,073 | $ | 1,762 | |||||||||||||||||
| Restricted cash | 129,765 | 40,213 | 49,352 | 31,445 | |||||||||||||||||||
| Cash and restricted cash | $ | 148,563 | $ | 53,598 | $ | 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 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 six months ended June 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 $10.7 million and $11.4 million at June 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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In addition, the first round of PPP began in the second quarter of 2020. The SBA reimbursed the Company 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 was sold to one of our PPP Participants. Income earned in connection with the PPP should not be viewed as recurring. The first round of PPP closed on August 8, 2020. Congress enacted the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act” (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 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 their lenders. NSBF funded the balance of its PPP loans by the end of July 2021. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans, 504 loans, and secured line of credit and non-conforming commercial loans. For more information, see “NOTE 17—SUBSEQUENT EVENTS.”
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. ASU 2020-04 is effective upon issuance of ASU 2020-04 for contract modifications on a prospective basis. 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.
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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:
| June 30, 2021 | December 31, 2020 | |||||||||||||||||||||||||
| Cost | Fair Value | Cost | Fair Value | |||||||||||||||||||||||
| Non-affiliate debt investments | $ | 457,971 | $ | 450,177 | $ | 437,364 | $ | 425,570 | ||||||||||||||||||
| Non-control investments: | ||||||||||||||||||||||||||
| Equity | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||||||||||||
| Debt | 5,415 | 5,939 | 5,447 | 5,447 | ||||||||||||||||||||||
| Controlled investments: | ||||||||||||||||||||||||||
| Equity | 89,408 | 193,012 | 92,958 | 199,342 | ||||||||||||||||||||||
| Equity interest in NCL (Joint Venture) | 19,047 | 20,304 | 19,002 | 20,028 | ||||||||||||||||||||||
| Debt | 35,831 | 25,705 | 26,931 | 19,801 | ||||||||||||||||||||||
| Total investments | $ | 608,672 | $ | 696,137 | $ | 582,702 | $ | 671,188 | ||||||||||||||||||
SBA unguaranteed investments consisted of the following breakdown of accrual and non-accrual loans at:
| June 30, 2021 | December 31, 2020 | |||||||||||||||||||||||||
| Cost | Fair Value | Cost | Fair Value | |||||||||||||||||||||||
| Accrual | $ | 371,809 | $ | 386,687 | $ | 364,957 | $ | 378,329 | ||||||||||||||||||
| Non-Accrual | 52,986 | 27,041 | 55,443 | 29,419 | ||||||||||||||||||||||
| Total SBA unguaranteed investments | $ | 424,795 | $ | 413,728 | $ | 420,400 | $ | 407,748 | ||||||||||||||||||
SBA guaranteed investments consisted of the following breakdown of accrual and non-accrual loans at:
| June 30, 2021 | December 31, 2020 | |||||||||||||||||||||||||
| Cost | Fair Value | Cost | Fair Value | |||||||||||||||||||||||
| Accrual | $ | 32,066 | $ | 35,339 | $ | 15,889 | $ | 16,747 | ||||||||||||||||||
| Non-Accrual | 1,110 | 1,110 | 1,075 | 1,075 | ||||||||||||||||||||||
| Total SBA guaranteed investments | $ | 33,176 | $ | 36,449 | $ | 16,964 | $ | 17,822 | ||||||||||||||||||
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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. On July 4, 2020, the President of the United States signed a bill to re-open the application window for the PPP until August 8, 2020, when the first round of PPP closed. On December 27, 2020, the Economic Aid Act was enacted by Congress which provided funding for PPP loans through March 31, 2021 and on January 11, 2021, the Company announced that NSBF would offer PPP loans through the end of the PPP. Further, on March 25, 2021, Congress passed 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 with approved PPP loans (i.e., with an SBA loan number) could continue to have their PPP loans closed and funded by their lenders. NSBF funded the balance of its PPP loans by the end of July 2021. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate. For more information, see “NOTE 17—SUBSEQUENT EVENTS.”
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 six months ended ended June 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 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 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 June 30, 2021. NSBF continues to hold the PPP loan notes and the PPP loan documents in order to service the loans. 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:
| June 30, 2021 | December 31, 2020 | |||||||||||||||||||||||||
| Cost | Fair Value | Cost | Fair Value | |||||||||||||||||||||||
| 7(a) | $ | 27,285 | $ | 30,558 | $ | 9,369 | $ | 10,227 | ||||||||||||||||||
PPP1 | 4,781 | 4,781 | 6,520 | 6,520 | ||||||||||||||||||||||
| Accrual SBA guaranteed investments | $ | 32,066 | $ | 35,339 | $ | 15,889 | $ | 16,747 | ||||||||||||||||||
(1) 203 SBA guaranteed loans originated under the PPP by NSBF; comprised of 181 loans in which NSBF holds 10% participation interests and 22 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 June 30, 2021 is $1.0 million.
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The following table shows the Company’s portfolio investments by industry at:
| June 30, 2021 | December 31, 2020 | |||||||||||||||||||||||||
| Cost | Fair Value | Cost | Fair Value | |||||||||||||||||||||||
| Data Processing, Hosting, and Related Services | $ | 56,897 | $ | 158,372 | $ | 56,900 | $ | 156,874 | ||||||||||||||||||
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities | 68,905 | 59,138 | 63,635 | 61,135 | ||||||||||||||||||||||
| Food Services and Drinking Places | 41,275 | 43,002 | 38,142 | 38,832 | ||||||||||||||||||||||
| Amusement, Gambling, and Recreation Industries | 28,225 | 28,793 | 25,187 | 25,509 | ||||||||||||||||||||||
| Professional, Scientific, and Technical Services | 26,814 | 26,615 | 26,571 | 25,998 | ||||||||||||||||||||||
| Truck Transportation | 28,275 | 22,982 | 30,684 | 24,341 | ||||||||||||||||||||||
| Repair and Maintenance | 18,555 | 19,483 | 17,650 | 18,521 | ||||||||||||||||||||||
| Specialty Trade Contractors | 19,310 | 19,009 | 17,207 | 16,673 | ||||||||||||||||||||||
| Ambulatory Health Care Services | 21,752 | 18,339 | 20,365 | 17,626 | ||||||||||||||||||||||
| Accommodation | 15,148 | 15,455 | 11,704 | 12,072 | ||||||||||||||||||||||
| Fabricated Metal Product Manufacturing | 14,148 | 14,905 | 15,834 | 16,484 | ||||||||||||||||||||||
| Personal and Laundry Services | 13,247 | 14,156 | 13,303 | 14,192 | ||||||||||||||||||||||
| Administrative and Support Services | 14,855 | 14,131 | 14,612 | 13,962 | ||||||||||||||||||||||
| Merchant Wholesalers, Durable Goods | 12,596 | 12,925 | 12,507 | 12,843 | ||||||||||||||||||||||
| Merchant Wholesalers, Nondurable Goods | 12,579 | 12,306 | 13,607 | 12,853 | ||||||||||||||||||||||
| Food Manufacturing | 13,642 | 12,112 | 13,923 | 12,990 | ||||||||||||||||||||||
| Social Assistance | 9,575 | 10,509 | 10,075 | 11,147 | ||||||||||||||||||||||
| Printing and Related Support Activities | 10,038 | 9,867 | 5,234 | 5,166 | ||||||||||||||||||||||
| Rental and Leasing Services | 8,152 | 8,045 | 8,955 | 8,505 | ||||||||||||||||||||||
| Transportation Equipment Manufacturing | 7,145 | 7,690 | 3,619 | 3,639 | ||||||||||||||||||||||
| Machinery Manufacturing | 7,366 | 7,689 | 7,119 | 6,969 | ||||||||||||||||||||||
| Gasoline Stations | 6,824 | 7,242 | 7,928 | 7,727 | ||||||||||||||||||||||
| Computer and Electronic Product Manufacturing | 6,727 | 7,186 | 2,572 | 2,696 | ||||||||||||||||||||||
| Building Material and Garden Equipment and Supplies Dealers | 6,390 | 6,630 | 6,660 | 6,862 | ||||||||||||||||||||||
| NCL (Joint Venture) | 19,047 | 20,304 | 19,002 | 20,028 | ||||||||||||||||||||||
| Other | 121,185 | 119,252 | 119,707 | 117,544 | ||||||||||||||||||||||
| Total | $ | 608,672 | $ | 696,137 | $ | 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 second half of 2021 through new joint venture partnerships.
The following table shows NCL’s individual investments as of June 30, 2021:
| Portfolio Company | Industry | Investment Type | Interest Rate | Maturity | Principal | Cost | Fair Value1 | ||||||||||||||||||||||||||||||||||
| 10 28th Ave SW Associates LLC | Fitness and Recreational Sport Centers | Term Loan | 5 Yr Libor plus 5.50% | 4/1/2045 | $ | 2,247 | $ | 2,202 | $ | 2,171 | |||||||||||||||||||||||||||||||
| 10 28th Ave SW Associates LLC | Fitness and Recreational Sport Centers | Term Loan | 5 Yr Libor plus 5.50% | 4/1/2045 | 1,265 | 1,237 | 1,222 | ||||||||||||||||||||||||||||||||||
| Cocoa Beach Office LLC | Other Activities Related to Credit Intermediation | Term Loan | 2 Yr Libor plus 5.70% | 8/1/2044 | 425 | 410 | 425 | ||||||||||||||||||||||||||||||||||
| Foxhall Hospitality, LLC | Hotels (except Casino Hotels) and Motels | Term Loan | 5 Yr Libor plus 6.00% | 11/1/2044 | 10,396 | 10,188 | 10,691 | ||||||||||||||||||||||||||||||||||
| Foxhall Hospitality, LLC | Hotels (except Casino Hotels) and Motels | Term Loan | 5 Yr Libor plus 6.00% | 11/1/2044 | 6,080 | 5,959 | 6,253 | ||||||||||||||||||||||||||||||||||
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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 | 10,814 | 11,144 | ||||||||||||||||||||||||||||||||||
| The Emerald Green Group, LLC | Full-Service Restaurant | Term Loan | 2 Yr Libor plus 5.65% | 8/1/2029 | 6,020 | 5,847 | 5,997 | ||||||||||||||||||||||||||||||||||
| XL Soccer World Orlando II LLC | Fitness and Recreational Sport Centers | Term Loan | Prime plus 3.25% | 11/1/2045 | 5,052 | 4,901 | 5,051 | ||||||||||||||||||||||||||||||||||
| 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 | 6,141 | 5,988 | 6,383 | ||||||||||||||||||||||||||||||||||
| 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 | 4,722 | 4,605 | 4,846 | ||||||||||||||||||||||||||||||||||
| Tricare Unlimited LLC and Geron Enterprises LLC | Nursing Care Facilities(Skilled Nursing Facilities) | Term Loan | 2 Yr Treasury plus 6.51% | 1/1/2045 | 5,656 | 5,501 | 5,973 | ||||||||||||||||||||||||||||||||||
| E Entities LLC | Exterminating & Pest Control Services | Term Loan | 5 Yr Treasury plus 7.71% | 1/1/2030 | 5,454 | 5,319 | 5,825 | ||||||||||||||||||||||||||||||||||
| Trinity MCC Realty, LLC | Motor Vehicle and Parts Dealers | Term Loan | 5 Yr Treasury plus 6.58% | 2/1/2045 | 5,122 | 4,979 | 5,377 | ||||||||||||||||||||||||||||||||||
| Jaffe Real Estate LLC | Full-Service Restaurant | Term Loan | 5 Yr Treasury plus 7.93% | 4/1/2045 | 2,243 | 2,181 | 2,243 | ||||||||||||||||||||||||||||||||||
| Berry Ventures Inc | Painting & Wall Covering Contractors | Term Loan | 5 Yr Treasury plus 7.25% | 4/1/2045 | 469 | 456 | 494 | ||||||||||||||||||||||||||||||||||
| Total | $ | 72,436 | $ | 70,587 | $ | 74,095 | |||||||||||||||||||||||||||||||||||
(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 Value1 | ||||||||||||||||||||||||||||||||||
| 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 | June 30, 2021 | December 31, 2020 | |||||||||
| (Unaudited) | |||||||||||
| Cash | $ | 899 | $ | 1,493 | |||||||
| Investments in loans, at fair value (amortized cost of $70,587 and $73,197, respectively) | 74,095 | 77,219 | |||||||||
| Other assets | 972 | 1,274 | |||||||||
| Total assets | $ | 75,966 | $ | 79,986 | |||||||
| Bank notes payable | $ | 35,169 | $ | 38,792 | |||||||
| Other liabilities | 189 | 1,138 | |||||||||
| Total liabilities | 35,358 | 39,930 | |||||||||
| Net assets | 40,609 | 40,056 | |||||||||
| Total liabilities and net assets | $ | 75,967 | $ | 79,986 | |||||||
| Selected Statements of Operations Information | Three Months Ended June 30, | ||||||||||
| 2021 | 2020 | ||||||||||
| Interest and other income | $ | 1,486 | $ | 1,517 | |||||||
| Total expenses | 611 | 914 | |||||||||
| Net investment (loss) income | 875 | 603 | |||||||||
| Net unrealized appreciation (depreciation) on investments | (27) | (110) | |||||||||
| Net increase in net assets resulting from operations | $ | 848 | $ | 493 | |||||||
Non-Control Debt Investments
As of June 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 six months ended June 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 six months ended June 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 June 30, 2021 | Interest and Other Income | Dividend Income | ||||||||||||||||||||||||||||||||||||||||||
| Controlled Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Newtek Merchant Solutions, LLC (NMS) | $ | 111,500 | $ | — | $ | — | $ | — | $ | — | $ | 111,500 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
| Mobil Money, LLC | 2,500 | — | — | — | — | 2,500 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Newtek Technology Solutions, Inc. (NTS)1 | 41,796 | — | — | — | 1,500 | 43,296 | 580 | — | ||||||||||||||||||||||||||||||||||||||||||
| CDS Business Services, Inc. | 5,900 | 8,900 | — | — | (3,000) | 11,800 | 474 | — | ||||||||||||||||||||||||||||||||||||||||||
| Small Business Lending, LLC | 10,050 | — | — | — | (5,650) | 4,400 | 20 | — | ||||||||||||||||||||||||||||||||||||||||||
| Newtek Insurance Agency, LLC | 2,150 | — | — | — | — | 2,150 | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Titanium Asset Management LLC | 655 | — | — | — | 4 | 659 | — | — | ||||||||||||||||||||||||||||||||||||||||||
| POS on Cloud, LLC | 1,050 | — | — | — | — | 1,050 | 53 | — | ||||||||||||||||||||||||||||||||||||||||||
| Newtek Conventional Lending, LLC | 20,028 | 45 | — | — | 231 | 20,304 | — | 51 | ||||||||||||||||||||||||||||||||||||||||||
| Newtek Business Lending, LLC | 43,542 | 11,450 | (15,000) | — | 1,370 | 41,362 | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Total Controlled Investments | $ | 239,171 | $ | 20,395 | $ | (15,000) | $ | — | $ | (5,545) | $ | 239,021 | $ | 1,127 | $ | 51 | ||||||||||||||||||||||||||||||||||
| Non-Control Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
| EMCAP Loan Holdings, LLC | $ | 1,000 | $ | — | $ | — | $ | — | $ | — | $ | 1,000 | $ | — | $ | 47 | ||||||||||||||||||||||||||||||||||
| Total Affiliate Investments | $ | 240,171 | $ | 20,395 | $ | (15,000) | $ | — | $ | (5,545) | $ | 240,021 | $ | 1,127 | $ | 98 | ||||||||||||||||||||||||||||||||||
(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 June 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 from NMS at June 30, 2021 under the Related Party RLOC were $9.6 million.
For the three months ended June 30, 2021 and 2020, interest expense was $82,000 and $184,000 respectively.
For the six months ended June 30, 2021 and 2020, interest expense was $166,000 and $291,000, 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.
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||
| June 30, 2021 | June 30, 2020 | June 30, 2021 | June 30, 2020 | |||||||||||||||||||||||
| Managed technology services | $ | 484 | $ | 447 | $ | 943 | $ | 824 | ||||||||||||||||||
| Origination and loan processing | 4,518 | 3,105 | 7,669 | 5,754 | ||||||||||||||||||||||
| Loan servicing | 14 | — | 27 | — | ||||||||||||||||||||||
| Payroll processing fees | 8 | 8 | 17 | 17 | ||||||||||||||||||||||
| Total | $ | 5,024 | $ | 3,560 | $ | 8,656 | $ | 6,595 | ||||||||||||||||||
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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 | Six Months Ended | |||||||||||||||||||||||||
| Portfolio Company | June 30, 2021 | June 30, 2020 | June 30, 2021 | June 30, 2020 | ||||||||||||||||||||||
| Newtek Merchant Solutions, LLC | $ | 62 | $ | 58 | $ | 124 | $ | 117 | ||||||||||||||||||
| Newtek Technology Solutions, Inc. | 3 | 3 | 6 | 5 | ||||||||||||||||||||||
| Small Business Lending, LLC | 81 | 74 | 150 | 147 | ||||||||||||||||||||||
| Newtek Insurance Agency, LLC | 17 | 16 | 35 | 31 | ||||||||||||||||||||||
| CDS Business Services, Inc. | 19 | 21 | 38 | 38 | ||||||||||||||||||||||
| PMTWorks Payroll, LLC | 3 | 7 | 11 | 16 | ||||||||||||||||||||||
| Newtek Business Lending, LLC | 2 | 1 | 3 | 3 | ||||||||||||||||||||||
| Total | $ | 187 | $ | 180 | $ | 367 | $ | 357 | ||||||||||||||||||
Amounts due from related parties were $7.2 million and $6.1 million at June 30, 2021 and December 31, 2020, respectively. Amounts due to related parties were $2.6 million and $2.1 million at June 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 | Six Months Ended | |||||||||||||||||||||||||
| Portfolio Company | June 30, 2021 | June 30, 2020 | June 30, 2021 | June 30, 2020 | ||||||||||||||||||||||
| Newtek Merchant Solutions, LLC | $ | 119 | $ | 91 | $ | 232 | $ | 185 | ||||||||||||||||||
Newtek Technology Solutions, Inc.1 | 86 | 125 | 170 | 254 | ||||||||||||||||||||||
| PMTWorks Payroll, LLC | 21 | 27 | 41 | 61 | ||||||||||||||||||||||
| Newtek Insurance Agency, LLC | 32 | 32 | 63 | 63 | ||||||||||||||||||||||
| CDS Business Services, Inc. | 42 | 30 | 84 | 59 | ||||||||||||||||||||||
International Professional Marketing, Inc.1 | 22 | 24 | 43 | 44 | ||||||||||||||||||||||
SIDCO, LLC1 | 19 | 23 | 38 | 49 | ||||||||||||||||||||||
| Mobil Money, LLC | 29 | 33 | 58 | 71 | ||||||||||||||||||||||
| Newtek Business Lending, LLC | 37 | 34 | 75 | 67 | ||||||||||||||||||||||
| Small Business Lending, LLC | 127 | 126 | 253 | 254 | ||||||||||||||||||||||
| Total | $ | 534 | $ | 545 | $ | 1,057 | $ | 1,107 | ||||||||||||||||||
(1) On January 1, 2021, IPM and SIDCO became subsidiaries of 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.
The following tables summarizes the fair value and valuation assumptions related to servicing assets at June 30, 2021 and December 31, 2020:
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| Servicing Assets | Weighted | Range | ||||||||||||||||||||||||||||||
| Date | Fair Value | Unobservable Input | Average | Minimum | Maximum | |||||||||||||||||||||||||||
| June 30, 2021 | $ | 27,380 | Discount factor1 | 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 factor1 | 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 June 30, 2021 and 2020 was $2.8 million and $2.8 million, respectively. Servicing fee income earned for the six months ended June 30, 2021 and 2020 was $5.5 million and $5.5 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 six months ended June 30, 2021 or 2020.
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.
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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 June 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 June 30, 2021 and December 31, 2020:
| Fair Value Measurements at June 30, 2021 | |||||||||||||||||||||||
| Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
| Assets: | |||||||||||||||||||||||
| SBA unguaranteed non-affiliate investments | $ | 413,728 | $ | — | $ | — | $ | 413,728 | |||||||||||||||
| SBA guaranteed non-affiliate investments | 36,449 | — | 36,449 | — | |||||||||||||||||||
| Controlled investments | 218,717 | — | — | 218,717 | |||||||||||||||||||
Other real estate owned1 | 2,289 | — | 2,289 | — | |||||||||||||||||||
| Non-control investments | 6,939 | — | — | 6,939 | |||||||||||||||||||
| Servicing assets | 27,380 | — | — | 27,380 | |||||||||||||||||||
Controlled investments measured at NAV2 | 20,304 | — | — | — | |||||||||||||||||||
| Total assets | $ | 725,806 | $ | — | $ | 38,738 | $ | 666,764 | |||||||||||||||
| Liabilities: | |||||||||||||||||||||||
Derivative instruments3 | $ | 37 | $ | — | $ | 37 | $ | — | |||||||||||||||
(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 June 30, 2021 includes $1.6 million in unrealized depreciation on SBA unguaranteed non-affiliate investments, $5.8 million in unrealized depreciation on controlled investments and $1.7 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 owned1 | 2,717 | — | 2,717 | — | |||||||||||||||||||
| Non-control investments | 6,447 | — | — | 6,447 | |||||||||||||||||||
| Servicing assets | 26,061 | — | — | 26,061 | |||||||||||||||||||
Controlled investments measured at NAV2 | 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 six months ended June 30, 2021 and 2020:
| Six Months Ended June 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) | 1,585 | (5,776) | (1,706) | 524 | |||||||||||||||||||
| Realized loss | (4,132) | — | — | — | |||||||||||||||||||
| SBA unguaranteed non-affiliate investments, funded | 34,989 | — | — | — | |||||||||||||||||||
| Foreclosed real estate acquired | (987) | — | — | — | |||||||||||||||||||
| Purchase of investments | — | 20,350 | — | — | |||||||||||||||||||
| Purchase of loans from SBA | 5,181 | — | — | — | |||||||||||||||||||
| Return of investment | — | (15,000) | — | — | |||||||||||||||||||
| Principal payments received on debt investments | (30,655) | — | — | (32) | |||||||||||||||||||
| Additions to servicing assets | — | — | 3,025 | — | |||||||||||||||||||
| Fair value, June 30, 2021 | $ | 413,728 | $ | 218,717 | $ | 27,380 | $ | 6,939 | |||||||||||||||
| Six Months Ended June 30, 2020 | |||||||||||||||||||||||||||||
| SBA Unguaranteed Investments | Controlled Investments | Servicing Assets | Non-Control Investments | Contingent Consideration Liabilities1 | |||||||||||||||||||||||||
| Fair value, December 31, 2019 | $ | 417,223 | $ | 199,694 | $ | 24,411 | $ | 1,000 | $ | 621 | |||||||||||||||||||
| Net change in unrealized appreciation (depreciation) | (6,144) | (10,712) | (92) | — | — | ||||||||||||||||||||||||
| Realized loss | (3,343) | — | — | — | — | ||||||||||||||||||||||||
| SBA unguaranteed non-affiliate investments, funded | 17,379 | — | — | — | — | ||||||||||||||||||||||||
| Foreclosed real estate acquired | (358) | — | — | — | — | ||||||||||||||||||||||||
| Purchase of investments | — | 16,080 | — | — | — | ||||||||||||||||||||||||
| 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 | (4) | — | — | — | — | ||||||||||||||||||||||||
| Return of investment | — | (700) | — | — | — | ||||||||||||||||||||||||
| Principal payments received on debt investments | (25,339) | (475) | — | — | — | ||||||||||||||||||||||||
| Additions to servicing assets | — | — | 1,192 | — | — | ||||||||||||||||||||||||
| Fair value, June 30, 2020 | $ | 404,937 | $ | 203,887 | $ | 25,511 | $ | 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 June 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 June 30, 2021 and December 31, 2020.
| Fair Value as of | Weighted | Range | ||||||||||||||||||||||||||||||
| June 30, 2021 | Unobservable Input | Average1 | Minimum | Maximum | ||||||||||||||||||||||||||||
| Assets: | ||||||||||||||||||||||||||||||||
| SBA unguaranteed non-affiliate investments - accrual loans | $ | 386,687 | 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 | $ | 27,041 | Market yields | 4.01 | % | 4.01 | % | 4.01 | % | |||||||||||||||||||||||
| Cumulative prepayment rate | — | % | — | % | — | % | ||||||||||||||||||||||||||
| Average cumulative default rate | 30.00 | % | 30.00 | % | 30.00 | % | ||||||||||||||||||||||||||
Controlled equity investments1 | $ | 193,012 | EBITDA multiples2 | 8.7x | 7.00x | 9.25x | ||||||||||||||||||||||||||
Revenue multiples2 | 3.15x | 1.00x | 4.00x | |||||||||||||||||||||||||||||
Weighted average cost of capital2 | 11.77 | % | 11.70 | % | 18.50 | % | ||||||||||||||||||||||||||
| Controlled debt investments | $ | 25,705 | Market yields | 7.70 | % | 3.80 | % | 10.00 | % | |||||||||||||||||||||||
| Non-control equity investments | $ | 1,000 | Asset value | N/A | N/A | N/A | ||||||||||||||||||||||||||
| Non-control debt investments | $ | 5,939 | Recent transaction | N/A | N/A | N/A | ||||||||||||||||||||||||||
| Servicing assets | $ | 27,380 | 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 $145.2 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 $47.9 million of investments using only discounted cash flows.
| Fair Value as of | Weighted | Range | ||||||||||||||||||||||||||||||
| December 31, 2020 | Unobservable Input | Average1 | 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 | % | |||||||||||||||||||||||
| Cumulative prepayment rate | — | % | — | % | — | % | ||||||||||||||||||||||||||
| Average cumulative default rate | 30.00 | % | 30.00 | % | 30.00 | % | ||||||||||||||||||||||||||
Controlled equity investments1 | $ | 199,342 | EBITDA multiples2 | 9.20x | 6.00x | 10.00x | ||||||||||||||||||||||||||
Revenue multiples2 | 1.17x | 1.0x | 2.30x | |||||||||||||||||||||||||||||
Weighted average cost of capital2 | 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 | 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 | % | ||||||||||||||||||||||||||
(1) Weighted by relative fair value.
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(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 June 30, 2021 and December 31, 2020, the Company had borrowings comprised of the following:
| June 30, 2021 | December 31, 2020 | ||||||||||||||||||||||||||||||||||
| Commitments | Borrowings Outstanding | Weighted Average Interest Rate | Commitments | Borrowings Outstanding | Weighted Average Interest Rate | ||||||||||||||||||||||||||||||
Capital One line of credit - guaranteed1 | $ | 150,000 | $ | 40,000 | 2.50 | % | $ | 150,000 | $ | 52,500 | 2.50 | % | |||||||||||||||||||||||
Capital One line of credit - unguaranteed1 | — | 5,000 | 3.50 | % | — | 33,839 | 3.50 | % | |||||||||||||||||||||||||||
| Notes due 2023 | — | — | — | % | 57,500 | 56,505 | 6.25 | % | |||||||||||||||||||||||||||
| Notes due 2024 | 78,250 | 76,888 | 5.75 | % | 63,250 | 61,774 | 5.75 | % | |||||||||||||||||||||||||||
| Notes due 2025 | 15,000 | 14,486 | 6.85 | % | 5,000 | 4,735 | 6.85 | % | |||||||||||||||||||||||||||
| Notes due 2026 | 115,000 | 111,769 | 5.50 | % | — | — | — | % | |||||||||||||||||||||||||||
| Notes payable - related parties | 50,000 | 9,550 | 2.71 | % | 50,000 | 24,090 | 2.74 | % | |||||||||||||||||||||||||||
| Notes payable - Securitization Trusts | 192,983 | 190,016 | 2.16 | % | 221,752 | 218,339 | 2.39 | % | |||||||||||||||||||||||||||
| Total | $ | 601,233 | $ | 447,709 | 3.91 | % | $ | 547,502 | $ | 451,782 | 3.54 | % | |||||||||||||||||||||||
(1) Total combined commitments of the guaranteed and unguaranteed lines of credit were $150.0 million at June 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 June 30, 2021, our asset coverage was 181%.
Outstanding borrowings under the 2023 Notes, 2024 Notes, 2025 Notes, 2026 Notes, and Notes payable - Securitization Trusts consisted of the following:
| June 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 | $ | 192,983 | $ | 57,500 | $ | 63,250 | $ | 5,000 | $ | 221,752 | ||||||||||||||||||||||||||||||||||
| Unamortized deferred financing costs | (1,362) | (514) | (3,231) | (2,967) | (995) | (1,476) | (265) | (3,413) | ||||||||||||||||||||||||||||||||||||||||||
| Net carrying amount | $ | 76,888 | $ | 14,486 | $ | 111,769 | $ | 190,016 | $ | 56,505 | $ | 61,774 | $ | 4,735 | $ | 218,339 | ||||||||||||||||||||||||||||||||||
At June 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 June 30, 2021, the closing price of the 2026 Notes was $25.75 per note, or $118.5 million. On June 30, 2021, the closing price of the 2024 Notes was $25.47 per note, or $79.7 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 June 30, 2021.
Total interest expense including unused line fees and amortization of deferred financing costs related to borrowings for the six months ended June 30, 2021 and 2020 was $10.0 million and $9.8 million, respectively. Total interest expense including unused line fees and amortization of deferred financing costs related to borrowings for the three months ended June 30, 2021 and 2020 was $3.2 million and $4.6 million, respectively.
NOTE 8—DERIVATIVE INSTRUMENTS:
In November 2020, the SEC published Release No. IC-34084 Use of Derivatives by Registered Investment Companies and Business Development Companies and adopted rules amending Rule 18f-4 and Rule 6c-11. Under the newly adopted rules,
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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 June 30, 2021:
| Fair Value | Remaining | |||||||||||||||||||||||||
| Contract Type | Notional | Asset1 | Liability1 | Maturity (years) | ||||||||||||||||||||||
| 5-year Swap Futures | $ | 41,682 | $ | — | $ | 37 | 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 six months ended June 30, 2021:
| Three Months Ended | June 30, 2021 | Six Months Ended | June 30, 2021 | |||||||||||||||||||||||
| Contract Type | Unrealized Gain/(Loss) | Realized Gain/(Loss) | Unrealized Gain/(Loss) | Realized Gain/(Loss) | ||||||||||||||||||||||
| 5-year Swap Futures | $ | (37) | $ | — | $ | (37) | $ | — | ||||||||||||||||||
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 June 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 June 30, 2021 for future minimum cash payments required under operating lease and employment agreements:
| Year | Operating Leases | Employment Agreements1 | Total | ||||||||||||||
| 2021 | $ | 845 | $ | 943 | $ | 1,788 | |||||||||||
| 2022 | 1,876 | 471 | 2,347 | ||||||||||||||
| 2023 | 1,928 | — | 1,928 | ||||||||||||||
| 2024 | 1,981 | — | 1,981 | ||||||||||||||
| 2025 | 2,035 | — | 2,035 | ||||||||||||||
| Thereafter | 2,354 | — | 2,354 | ||||||||||||||
| Total | $ | 11,019 | $ | 1,414 | $ | 12,433 | |||||||||||
(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 June 30, 2021, total principal owed by NBC was $10.7 million. In addition, the Company deposited $0.75 million to collateralize the guarantee. At June 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 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 June 30, 2021, total principal owed by NBL was $38.0 million. At June 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 June 30, 2021, total principal outstanding was $27.1 million. At June 30, 2021, the Company determined that it is not probable that payments would be required to be made under the guarantee.
Unfunded Commitments
At June 30, 2021, the Company had $2.9 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:
| Six Months Ended June 30, | ||||||||||||||
| 2021 | 2020 | |||||||||||||
Per share data¹ | ||||||||||||||
| Net asset value at beginning of period | $ | 15.45 | $ | 15.70 | ||||||||||
| Net investment income (loss) | 1.38 | 1.42 | ||||||||||||
| Net realized gain on investments | 0.84 | 0.16 | ||||||||||||
| Net unrealized appreciation (depreciation) on investments | (0.05) | (0.84) | ||||||||||||
| Net unrealized depreciation on servicing assets | (0.08) | — | ||||||||||||
| Net unrealized depreciation on derivative transactions | 0.00 | — | ||||||||||||
| Change in deferred taxes | 0.03 | 0.14 | ||||||||||||
| Net increase in net assets resulting from operations | 2.12 | 0.88 | ||||||||||||
| Distributions to common stockholders | (1.20) | (1.00) | ||||||||||||
| Stock-based compensation expense | 0.05 | — | ||||||||||||
| Accretive effect of stock offerings (issuing shares above NAV per share) | 0.09 | 0.08 | ||||||||||||
| 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 | (0.13) | — | ||||||||||||
Other⁴ | 0.02 | (0.01) | ||||||||||||
| Net asset value at end of period | $ | 16.38 | $ | 15.65 | ||||||||||
| Per share market value at end of period | $ | 34.92 | $ | 18.22 | ||||||||||
| Total return based on market value² ⁷ | 83.76 | % | (23.97) | % | ||||||||||
| Total return based on change in NAV³ ⁷ | 13.79 | % | 6.10 | % | ||||||||||
| Shares outstanding at end of period (in thousands) | 22,530 | 20,905 | ||||||||||||
| Ratios/Supplemental Data: | ||||||||||||||
| Net assets at end of period | $ | 369,002 | $ | 327,446 | ||||||||||
| Ratio of expenses to average net assets⁸ | 22.36 | % | 20.34 | % | ||||||||||
| Ratio of net investment income (loss) to average net assets⁸ | 17.42 | % | 18.14 | % | ||||||||||
Portfolio turnover6 | 125.95 | % | 359.37 | % | ||||||||||
| Average debt outstanding | $ | 460,106 | $ | 364,411 | ||||||||||
| Average debt outstanding per share | $ | 20.42 | $ | 17.43 | ||||||||||
| Asset coverage ratio⁵ | 181 | % | 184 | % | ||||||||||
| Senior securities outstanding | $ | 455,783 | $ | 391,321 | ||||||||||
(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 six months ended June 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 June 30, 2021.
Restricted Stock authorized under the plan1 | 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 | |||||||
| Six months ended June 30, 2021 | (166,891) | |||||||
| Restricted stock available for issuance as of June 30, 2021 | 1,109,955 | |||||||
(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 June 30, 2021, there was $2.6 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 3 years as of June 30, 2021.
For the three months ended June 30, 2021 and 2020 the Company recognized total stock-based compensation expense of $0.5 million and $0.1 million, respectively. For the six months ended June 30, 2021 and 2020 the Company recognized total stock-based compensation expense of $1.2 million and $0.6 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:
| Six Months Ended June 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 six months ended June 30, 2021. As of June 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:
| Six Months Ended June 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 six months ended June 30, 2021 and 2020:
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||
| Net increase in net assets resulting from operations | $ | 17,374 | $ | 25,467 | $ | 47,498 | $ | 18,214 | ||||||||||||||||||
| Weighted average shares outstanding | 22,524 | 20,893 | 22,431 | 20,815 | ||||||||||||||||||||||
| Net increase in net assets resulting from operations per share | $ | 0.77 | $ | 1.22 | $ | 2.12 | $ | 0.88 | ||||||||||||||||||
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 June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||
| Cash paid for amounts included in the measurement of lease liabilities (operating cash flows) | $ | 385 | $ | 413 | $ | 783 | $ | 883 | ||||||||||||||||||
| Weighted-average remaining lease term - operating leases | 5.80 years | 6.58 years | 5.80 years | 6.58 years | ||||||||||||||||||||||
| Weighted-average discount rate - operating leases | 4.56 | % | 4.76 | % | 4.76 | % | 4.76 | % | ||||||||||||||||||
| Total lease costs (included in other general and administrative costs on the consolidated statements of operations) | $ | 244 | 209 | $ | 440 | $ | 415 | |||||||||||||||||||
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The following table represents the maturity of the Company’s operating lease liabilities as of June 30, 2021:
| Maturity of Lease Liabilities | |||||
| 2021 | 845 | ||||
| 2022 | 1,876 | ||||
| 2023 | 1,928 | ||||
| 2024 | 1,981 | ||||
| 2025 | 2,035 | ||||
| Thereafter | 2,383 | ||||
| Total future minimum lease payments | $ | 11,048 | |||
| Less: Imputed interest | $ | (1,372) | |||
| Present value of future minimum lease payments | $ | 9,676 | |||
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 six months ended June 30, 2021 and 2020.
| Date Declared | Record Date | Payment Date | Amount Per Share | Cash Distribution | DRIP Shares Issued | DRIP Shares Value | ||||||||||||||||||||||||||||||||
| Six months ended June 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 | |||||||||||||||||||||||||||||
| Six months ended June 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 | |||||||||||||||||||||||||||||
During the six months ended June 30, 2021 and 2020, an additional 6,500 and 6,000 shares valued at $195,000 and $107,000, 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.
The summarized financial information of our unconsolidated subsidiary is as follows:
| Balance Sheets - Newtek Merchant Solutions, LLC | As of June 30, 2021 | As of December 31, 2020 | ||||||||||||
| Current assets | $ | 13,297 | $ | 7,119 | ||||||||||
| Noncurrent assets | 25,923 | 40,264 | ||||||||||||
| Total assets | $ | 39,220 | $ | 47,383 | ||||||||||
| Current liabilities | 7,408 | 16,594 | ||||||||||||
| Noncurrent liabilities | 23,625 | 24,954 | ||||||||||||
| Total liabilities | $ | 31,033 | $ | 41,548 | ||||||||||
| Total member’s equity | $ | 8,187 | $ | 5,835 | ||||||||||
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| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| Statements of Income - Newtek Merchant Solutions, LLC | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||||
| Revenue | $ | 5,491 | $ | 7,945 | $ | 10,328 | $ | 16,218 | ||||||||||||||||||
| Expenses | 2,302 | 5,368 | 4,646 | 11,539 | ||||||||||||||||||||||
| Income from operations | $ | 3,189 | $ | 2,577 | $ | 5,682 | $ | 4,679 | ||||||||||||||||||
| Interest (expense) income, net | (146) | (151) | (304) | (387) | ||||||||||||||||||||||
| Income before tax | $ | 3,043 | $ | 2,426 | $ | 5,378 | $ | 4,292 | ||||||||||||||||||
The Company recorded the following related to its investment in NMS:
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||
| Dividend income | $ | — | $ | 1,650 | $ | — | $ | 5,400 | ||||||||||||||||||
| 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 June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| Newtek Technology Solutions, LLC Statements of Income | 20211 | 2020 | 2021 | 2020 | ||||||||||||||||||||||
| Revenue | $ | 14,549 | $ | 3,214 | $ | 24,246 | $ | 6,475 | ||||||||||||||||||
| Costs of revenue | 9,432 | 785 | 12,425 | 1,497 | ||||||||||||||||||||||
| Expenses | 4,262 | 2,415 | 9,915 | 5,117 | ||||||||||||||||||||||
| Income from operations | $ | 855 | $ | 14 | $ | 1,906 | $ | (139) | ||||||||||||||||||
| Interest expense, net | 283 | 274 | 562 | 540 | ||||||||||||||||||||||
| Income before tax | $ | 572 | $ | (260) | $ | 1,344 | $ | (679) | ||||||||||||||||||
(1) On January 1, 2021, the Company contributed its ownership of IPM and SIDCO to NTS, and IPM and SIDCO became subsidiaries of NTS. As a result, the Schedule of Investments in and Advances to Affiliates shows IPM and SIDCO as subsidiaries of NTS.
The Company recorded the following related to its investment in NTS:
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||
| Dividend income | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
| Unrealized appreciation (depreciation) | $ | — | $ | 500 | $ | 1,500 | $ | 500 | ||||||||||||||||||
NOTE 17—SUBSEQUENT EVENTS:
Dividends
On August 10, 2021, the Company declared a third quarter 2021 cash dividend of $0.90 per share, which is payable on September 30, 2021 to shareholders of record as of September 20, 2021.
PPP Funding Completion
During July 2021, in accordance with SBA guidance from the PPP Extension Act of 2021, NSBF continued to fund PPP
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borrowers with approved PPP loans (i.e., with an SBA loan number) from before the exhaustion of PPP funds was announced in May of 2021. 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, 504 loans, and secured line of credit and non-conforming commercial loans..
Stock Purchase Agreement
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 has elected 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 Investment Company Act of 1940, as amended. The transaction is currently expected to close within six to twelve months. 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 owe 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, including NSBF, NBL, NBC, and SBL, to NBNYC, and to provide a centralized lending operations through NBNYC. Subject to certain Regulatory Approvals, the Company intends to further develop the Company’s current patented technology, which the Company intends to complement its proposed banking offerings. 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 Approval, 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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Newtek Business Services Corp. and Subsidiaries
Schedule of Investments In and Advances to Affiliates
Six Months Ended June 30, 2021
| Portfolio Company | Type of Investment1 | Amount of Realized Gain (Loss) | Amount of Unrealized Appreciation (Depreciation) | Amount of Interest or Dividends Credited to Income3 | Fair Value at December 31, 2020 | Gross Additions4 | Gross Reductions5 | Fair Value at June 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||
| Advanced Cyber Security Systems, LLC | 50% Membership Interest2 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||||||||
| Automated Merchant Services, Inc. | 100% Common Stock2 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
| CDS Business Services, Inc. | 100% Common Stock2 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Line of Credit (10%) | — | (3,000) | 474 | 5,900 | 8,900 | (3,000) | 11,800 | |||||||||||||||||||||||||||||||||||||||||||
Newtek Technology Solutions, Inc.7 | 100% Common Stock2 | — | 1,500 | — | 30,000 | 1,500 | — | 31,500 | ||||||||||||||||||||||||||||||||||||||||||
| Line of Credit (10%) | — | — | 562 | 10,821 | — | — | 10,821 | |||||||||||||||||||||||||||||||||||||||||||
Line of Credit (Prime + 0.5%)6 | — | — | 14 | 750 | — | — | 750 | |||||||||||||||||||||||||||||||||||||||||||
Line of Credit (Prime + 0.5%)6 | — | — | 4 | 225 | — | — | 225 | |||||||||||||||||||||||||||||||||||||||||||
| Newtek Insurance Agency, LLC | 100% Membership Interest2 | — | — | — | 2,150 | — | — | 2,150 | ||||||||||||||||||||||||||||||||||||||||||
| PMTWorks Payroll, LLC | 100% Membership Interest2 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Term Loans (10%-12%)2 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Small Business Lending, LLC | 100% Membership Interest2 | — | (5,650) | — | 9,650 | — | (5,650) | 4,000 | ||||||||||||||||||||||||||||||||||||||||||
| Term Loan (10%) | — | — | 20 | 400 | — | — | 400 | |||||||||||||||||||||||||||||||||||||||||||
| banc-serv Partners, LLC | 100% Membership Interest2 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Newtek Merchant Solutions, LLC | 100% Membership Interest | — | — | — | 111,500 | — | — | 111,500 | ||||||||||||||||||||||||||||||||||||||||||
| Titanium Asset Management, LLC | 100% Membership Interest2 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Term Loan (10%)2 | — | 4 | — | 655 | 4 | — | 659 | |||||||||||||||||||||||||||||||||||||||||||
| Newtek Business Lending, LLC | 100% Membership Interest2 | — | 1,370 | — | 43,542 | 12,820 | (15,000) | 41,362 | ||||||||||||||||||||||||||||||||||||||||||
| Newtek Conventional Lending, LLC | 50% Membership Interest | — | 231 | 51 | 20,028 | 469 | (193) | 20,304 | ||||||||||||||||||||||||||||||||||||||||||
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| Portfolio Company | Type of Investment1 | Amount of Realized Gain (Loss) | Amount of Unrealized Appreciation (Depreciation) | Amount of Interest or Dividends Credited to Income3 | Fair Value at December 31, 2020 | Gross Additions4 | Gross Reductions5 | Fair Value at June 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||
| Mobil Money, LLC | 100% Membership Interest | — | — | — | 2,500 | — | — | 2,500 | ||||||||||||||||||||||||||||||||||||||||||
| POS on Cloud, LLC | 50.1% Membership Interest2 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
| Term Loan (10%) | — | — | 53 | 1,050 | — | — | 1,050 | |||||||||||||||||||||||||||||||||||||||||||
| Excel WebSolutions LLC | Term Loans (10%)2 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
100% Membership Interest2 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Total Controlled Investments | $ | — | $ | (5,545) | $ | 1,178 | $ | 239,171 | $ | 23,693 | $ | (23,843) | $ | 239,021 | ||||||||||||||||||||||||||||||||||||
| Non-Control Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
| EMCAP Loan Holdings, LLC | 4.67% Membership Interest | — | — | 47 | 1,000 | — | — | 1,000 | ||||||||||||||||||||||||||||||||||||||||||
| Total Affiliate Investments | $ | — | $ | (5,545) | $ | 1,225 | $ | 240,171 | $ | 23,693 | $ | (23,843) | $ | 240,021 | ||||||||||||||||||||||||||||||||||||
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 June 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. As a result, The Schedule of Investments in and Advances to Affiliates shows IPM and SIDCO as subsidiaries of NTS. In July 2021, IPM merged with and into NTS, with NTS as the surviving entity.
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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 and 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;
•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 future reauthorization of the PPP, and our ability to participate in any such program;
•our ability to comply with the laws, rules, and guidance regarding any reauthorized PPP;
•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 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, we entered into a 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, and receiving our shareholders' approval to withdraw the Company's election as a BDC as required under the 1940 Act, this acquisition is part of our plan to reposition ourself as a bank holding company that has elected financial holding company status. See “Recent Developments — Stock Purchase Agreement.”
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. | ||
| 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. | ||
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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 has elected 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.
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.
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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. Specifically, the CARES Act included $349 billion to establish the PPP that expanded the existing SBA Section 7(a) loan program until June 30, 2020 to provide 100% federally-backed loans to eligible businesses. Congress approved additional funding for the PPP of approximately $320 billion on April 24, 2020. 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. On July 4, 2020, a bill was passed to re-open the application window for the PPP until August 8, 2020. The first round of PPP closed on August 8, 2020.
On September 5, 2020, the Paycheck Protection Program Flexibility Act, or the “new Act”, was signed into law and made significant changes to the PPP to provide additional relief for small businesses. The new Act increased flexibility for small businesses that have been unable to rehire employees due to lack of employee availability or have been unable to operate as normal due to COVID-19 related restrictions. It extended the period that businesses have to use PPP funds to qualify for loan forgiveness to 24 weeks, up from 8 weeks under the original rules. The new Act also relaxed the requirements that loan recipients must adhere to in order to qualify for loan forgiveness. In addition, the new Act extended the payment deferral period for PPP loans until the date when the amount of loan forgiveness is determined and remitted to the lender. For PPP recipients who do not apply for forgiveness, the loan deferral period is 10 months after the applicable forgiveness period ends.
On December 27, 2020, the Economic Aid Act was enacted by Congress which provided funding for PPP loans through March 31, 2021 and on January 11, 2021, the Company announced that NSBF would offer PPP loans through the end of the PPP. The Economic Aid Act was enacted by Congress in order to provide additional assistance to the hardest-hit small businesses, nonprofits, and venues that are struggling to recover from the impact of the COVID-19 pandemic. The Economic Aid Act provides funding for PPP loans through March 31, 2021 and a second round of forgivable loans through the PPP for small businesses and nonprofits experiencing significant revenue losses, made programmatic improvements to PPP, funds grants to shuttered venues, and enacted emergency enhancements to other SBA lending programs. This critical assistance will provide small business owners with the capital they need to survive the pandemic and includes critical resources for the smallest businesses. The Economic Aid Act also provides additional subsidies to certain existing SBA 7(a) borrowers.
On March 11, 2021, the American Rescue Plan was enacted by Congress which included an additional $7.25 billion for the PPP program. Further, on March 25, 2021, Congress passed the PPP Extension Act of 2021, which further extended the PPP through May 31, 2021. During the first half of 2021, NSBF funded PPP loans totaling $0.7 billion.
On May 4, 2021, the SBA announced that PPP funding had been exhausted; however, borrowers 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 their lenders. 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, 504 loans, and secured line of credit and non-conforming commercial loans. We continue to monitor legislative, regulatory, and supervisory developments related to the PPP, but 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, significant reductions in demand for certain goods and services, reductions in business activity and financial transactions, supply chain interruptions and overall economic and financial market instability both globally and in the United States. Such effects will likely continue for the duration of the pandemic, which is uncertain, and for some period thereafter.
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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 | NAV1 | Premium of High Sales Price to NAV2 | Premium of Low Sales Price to NAV2 | ||||||||||||||||||||||||||
| High | Low | ||||||||||||||||||||||||||||
| 2019 | |||||||||||||||||||||||||||||
| Second Quarter | $23.83 | $19.70 | $15.33 | 55% | 29% | ||||||||||||||||||||||||
| 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% | ||||||||||||||||||||||||
(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, the SBA reimburses 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. The first round of PPP closed on August 8, 2020. Congress 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 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 their lenders. NSBF funded the balance of its PPP loans by the end of July 2021. NSBF intends to continue to redeploy resources used to generate PPP loans to the origination of SBA 7(a) loans, 504 loans, and
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secured line of credit and non-conforming commercial loans. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate.
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 June 30, 2021, total principal owed by NBC was $10.7 million. In addition, the Company deposited $0.75 million to collateralize the guarantee. At June 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 Facility. Maximum borrowings under the NBL 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 Facility maturing in November 2023. At June 30, 2021, total principal owed by NBL was $38.0 million. At June 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 June 30, 2021, total principal outstanding was $27.1 million. At June 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 June 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 June 30, 2021, the Company had $2.9 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 June 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 June 30, 2021 and December 31, 2020 is $19.2 million and $16.9 million, respectively.
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Distribution by Business Type
| As of June 30, 2021 | ||||||||||||||||||||||||||
| Business Type | # of Loans | Balance | Average Balance | % of Balance | ||||||||||||||||||||||
| Existing Business | 1,992 | $ | 347,986 | $ | 175 | 81.9 | % | |||||||||||||||||||
| Business Acquisition | 296 | 55,603 | 207 | 13.1 | % | |||||||||||||||||||||
| Start-Up Business | 217 | 21,205 | 96 | 5.0 | % | |||||||||||||||||||||
| Total | 2,505 | $ | 424,794 | $ | 170 | 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
| June 30, 2021 | ||||||||||||||||||||||||||
| Credit Score | # of Loans | Balance | Average Balance | % of Balance | ||||||||||||||||||||||
| 500 to 550 | 19 | $ | 3,856 | $ | 203 | 0.9 | % | |||||||||||||||||||
| 551 to 600 | 59 | 15,671 | 266 | 3.7 | % | |||||||||||||||||||||
| 601 to 650 | 308 | 66,396 | 216 | 15.6 | % | |||||||||||||||||||||
| 651 to 700 | 740 | 121,301 | 164 | 28.6 | % | |||||||||||||||||||||
| 701 to 750 | 797 | 131,998 | 166 | 31.1 | % | |||||||||||||||||||||
| 751 to 800 | 508 | 77,417 | 152 | 18.2 | % | |||||||||||||||||||||
| 801 to 850 | 70 | 8,005 | 114 | 1.9 | % | |||||||||||||||||||||
| Not available | 4 | 151 | 38 | 0.0 | % | |||||||||||||||||||||
| Total | 2,505 | $ | 424,794 | $ | 170 | 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
| June 30, 2021 | ||||||||||||||||||||||||||
| Collateral Type | # of Loans | Balance | Average Balance | % of Balance | ||||||||||||||||||||||
| Commercial Real Estate | 965 | $ | 224,666 | $ | 233 | 53.0 | % | |||||||||||||||||||
| Machinery and Equipment | 419 | 78,604 | 188 | 18.5 | % | |||||||||||||||||||||
| Accts Receivable and Inventory | 280 | 43,532 | 155 | 10.2 | % | |||||||||||||||||||||
| Residential Real Estate | 565 | 40,937 | 72 | 9.6 | % | |||||||||||||||||||||
| Other | 91 | 28,991 | 319 | 6.8 | % | |||||||||||||||||||||
| Unsecured | 143 | 5,314 | 37 | 1.3 | % | |||||||||||||||||||||
| Furniture and Fixtures | 28 | 1,825 | 65 | 0.4 | % | |||||||||||||||||||||
| Liquid Assets | 14 | 923 | 66 | 0.2 | % | |||||||||||||||||||||
| Total | 2,505 | $ | 424,794 | $ | 170 | 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
| June 30, 2021 | ||||||||||||||||||||||||||
| Delinquency Status | # of Loans | Balance | Average Balance | % of Balance | ||||||||||||||||||||||
| Accrual | ||||||||||||||||||||||||||
| Current | 2,249 | $ | 348,859 | $ | 155 | 82.1 | % | |||||||||||||||||||
| 31 to 60 days | 57 | 14,704 | 258 | 3.5 | % | |||||||||||||||||||||
| 61 to 90 days | 29 | 8,245 | — | 1.9 | % | |||||||||||||||||||||
| 91 days or greater | — | — | — | — | % | |||||||||||||||||||||
| Non-accrual | 170 | 52,986 | 312 | 12.5 | % | |||||||||||||||||||||
| Total | 2,505 | $ | 424,794 | $ | 170 | 100.0 | % | |||||||||||||||||||
| 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 | % | |||||||||||||||||||
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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 June 30, 2021 and 2020
Investment Income
| (in thousands) | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Change | ||||||||||||||
| Investment income: | |||||||||||||||||
| Interest income - PPP loans | $ | 25,512 | $ | 34,657 | $ | (9,145) | |||||||||||
| Interest income - SBA 7(a) loans | 6,824 | 6,669 | 155 | ||||||||||||||
| Interest income - non-control investments | 124 | — | 124 | ||||||||||||||
| Dividend income | 72 | 2,288 | (2,216) | ||||||||||||||
| Servicing income | 2,787 | 2,777 | 10 | ||||||||||||||
| Other income | 1,269 | 303 | 966 | ||||||||||||||
| Total investment income | $ | 36,588 | $ | 46,694 | $ | (10,106) | |||||||||||
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, current SBA 7(a) lenders were automatically approved to extend 100% federally guaranteed PPP loans to certain small businesses. During the three months ended June 30, 2021, NSBF originated $0.4 billion of PPP loans resulting in $25.5 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. The first round of PPP closed on August 8, 2020. Congress 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 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 their lenders. NSBF funded the balance of its PPP loans by the end of July 2021. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate. NSBF has redeployed the resources used to generate PPP loans to the origination of SBA 7(a) loans, 504 loans, and secured line of credit and non-conforming commercial 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 June 30, 2021 compared to the second quarter of 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 $406.5 million from $373.0 million for the three months ended June 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.
Dividend Income
Dividend income was earned from the following portfolio companies for the three months ended June 30, 2021 and 2020:
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| (in thousands) | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Change | ||||||||||||||
| Newtek Merchant Solutions, LLC (NMS) | $ | — | $ | 1,650 | $ | (1,650) | |||||||||||
| International Professional Marketing, Inc. | — | 75 | (75) | ||||||||||||||
| SIDCO, LLC | — | 250 | (250) | ||||||||||||||
| Newtek Conventional Lending, LLC | 51 | 293 | (242) | ||||||||||||||
| EMCAP Loan Holdings, LLC | 21 | 20 | 1 | ||||||||||||||
| Total dividend income | $ | 72 | $ | 2,288 | $ | (2,216) | |||||||||||
Dividend income is dependent on portfolio company earnings and 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 June 30, 2021 and 2020:
| (in thousands): | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Change | ||||||||||||||
| Total NSBF originated servicing portfolio | $ | 1,768,292 | $ | 1,724,814 | $ | 43,478 | |||||||||||
Total average NSBF originated portfolio earning servicing income | $ | 1,122,511 | $ | 1,119,269 | $ | 3,242 | |||||||||||
| Total servicing income earned | $ | 2,787 | $ | 2,777 | $ | 10 | |||||||||||
The servicing portfolio and related servicing income was relatively flat period over period. The increase in servicing income resulted from a $3.2 million 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 $94.3 million compared to $17.4 million for the three months ended June 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.
Expenses:
| (in thousands) | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Change | ||||||||||||||
| Salaries and benefits | $ | 5,926 | $ | 3,740 | $ | 2,186 | |||||||||||
| Interest | 4,968 | 4,604 | 364 | ||||||||||||||
| Depreciation and amortization | 79 | 104 | (25) | ||||||||||||||
| Professional fees | 859 | 1,207 | (348) | ||||||||||||||
| Origination and loan processing | 2,998 | 2,722 | 276 | ||||||||||||||
| Origination and loan processing - related party | 4,510 | 3,095 | 1,415 | ||||||||||||||
| Other general and administrative costs | 1,706 | 1,475 | 231 | ||||||||||||||
| Total expenses | $ | 21,046 | $ | 16,947 | $ | 4,099 | |||||||||||
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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 to meet the needs of the PPP and SBA 7(a) program.
Interest Expense
The following is a summary of interest expense by facility for the three months ended June 30, 2021 and 2020:
| (in thousands) | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Change | ||||||||||||||
| Notes payable - Securitization Trusts | $ | 1,307 | $ | 1,924 | $ | (617) | |||||||||||
| Bank notes payable | 333 | 467 | (134) | ||||||||||||||
| Notes due 2023 | — | 1,015 | (1,015) | ||||||||||||||
| Notes due 2024 | 1,200 | 1,014 | 187 | ||||||||||||||
| Notes due 2025 | 286 | — | 286 | ||||||||||||||
| Notes due 2026 | 1,761 | — | 1,761 | ||||||||||||||
| Notes payable - related parties | 82 | 184 | (102) | ||||||||||||||
| Total interest expense | $ | 4,969 | $ | 4,604 | $ | 365 | |||||||||||
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 $0.6 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, 504 loans, and secured line of credit and non-conforming commercial 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, 504 loans, and secured line of credit and non-conforming commercial loans.
Net Realized Gains and Net Unrealized Appreciation and Depreciation
Net realized gains (losses) from SBA non-affiliate investments for the three months ended June 30, 2021 and 2020 were a net realized gain of $11.4 million and net realized loss of $1.2 million, respectively. This included realized losses of $2.7 million and $2.9 million, respectively.
Net Realized Gains on SBA 7(a) Non-Affiliate Investments
| Three Months Ended | |||||||||||||||||||||||
| June 30, 2021 | June 30, 2020 | ||||||||||||||||||||||
| # of Debt Investments | $ Amount (in thousands) | # of Debt Investments | $ Amount (in thousands) | ||||||||||||||||||||
| SBA non-affiliate investments originated during the quarter | 128 | $ | 94,255 | 7 | $ | 17,350 | |||||||||||||||||
| SBA guaranteed non-affiliate investments sold during the quarter | 142 | $ | 87,492 | 18 | $ | 18,701 | |||||||||||||||||
| Realized gains recognized on sale of SBA guaranteed non-affiliate investments | — | $ | 14,081 | — | $ | 1,682 | |||||||||||||||||
Average sale price as a percent of principal balance1 | — | 114.00 | % | — | 107.03 | % | |||||||||||||||||
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(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 three months ended June 30, 2021 compared to 2020 as NSBF has redeployed resources used to generate PPP loans to the origination of SBA 7(a) loans, 504 loans, and secured line of credit and non-conforming commercial loans in 2021.
Net Unrealized Appreciation (Depreciation) on Investments
| (in thousands) | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Change | ||||||||||||||
| Net unrealized depreciation on SBA guaranteed non-affiliate investments | $ | (1,983) | $ | (200) | $ | (1,783) | |||||||||||
| Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments | 198 | (1,633) | 1,831 | ||||||||||||||
| Net unrealized depreciation on controlled investments | (7,920) | (82) | (7,838) | ||||||||||||||
| Change in deferred taxes | 1,356 | 29 | 1,327 | ||||||||||||||
| Net unrealized depreciation on derivative instruments | (37) | — | (37) | ||||||||||||||
| Net unrealized depreciation on non-control investments | (3) | — | (3) | ||||||||||||||
| Total net unrealized depreciation on investments | $ | (8,389) | $ | (1,886) | $ | (6,503) | |||||||||||
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 June 30, 2021 and 2020:
| (in thousands) | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Change | ||||||||||||||
| Mobil Money, LLC | — | (500) | 500 | ||||||||||||||
Newtek Technology Solutions, Inc.1 | — | 500 | (500) | ||||||||||||||
| CDS Business Services, Inc. | (3,000) | — | (3,000) | ||||||||||||||
| PMTWorks Payroll, LLC | — | (35) | 35 | ||||||||||||||
| Small Business Lending, LLC | (5,348) | — | (5,348) | ||||||||||||||
| Newtek Conventional Lending, LLC | 424 | (47) | 471 | ||||||||||||||
| Titanium Asset Management LLC | 4 | — | 4 | ||||||||||||||
| Total net unrealized depreciation on controlled investments | $ | (7,920) | $ | (82) | $ | (7,838) | |||||||||||
(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.
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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 June 30, 2021 and 2020, we recognized a provision for deferred taxes of $1.4 million and $0.03 million, respectively, related to the net unrealized appreciation and depreciation of controlled portfolio company investments.
Comparison of the six months ended June 30, 2021 and 2020
Investment Income
| (in thousands) | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | Change | ||||||||||||||
| Investment income: | |||||||||||||||||
| Interest income - PPP loans | $ | 49,720 | $ | 34,657 | $ | 15,063 | |||||||||||
| Interest income - SBA 7(a) loans | 13,306 | 14,448 | (1,142) | ||||||||||||||
| Interest income - non-control investments | 248 | — | 248 | ||||||||||||||
| Dividend income | 98 | 6,690 | (6,592) | ||||||||||||||
| Servicing income | 5,527 | 5,492 | 35 | ||||||||||||||
| Other income | 2,383 | 1,209 | 1,174 | ||||||||||||||
| Total investment income | $ | 71,282 | $ | 62,496 | $ | 8,786 | |||||||||||
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, current SBA 7(a) lenders were automatically approved to extend 100% federally guaranteed PPP loans to certain small businesses. During the six months ended June 30, 2021, NSBF originated $0.7 billion of PPP loans resulting in $49.7 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. The first round of PPP closed on August 8, 2020. Congress 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 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 their lenders. 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, 504 loans, and secured line of credit and non-conforming commercial loans. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate.
The increase in interest income on PPP loans was attributable to the higher volume of PPP loans originated during the six months ended June 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 decrease in interest income from SBA 7(a) loans was attributable to the decrease in the average Prime Rate in effect on our portfolio from 4.00% to 3.25% over the twelve month period. The decrease was partially offset by the average outstanding accrual portfolio of SBA non-affiliate investments increasing to $400.7 million from $371.0 million for the six months ended June 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.
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Dividend Income
Dividend income was earned from the following portfolio companies for the six months ended June 30, 2021 and 2020:
| (in thousands) | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | Change | ||||||||||||||
| Newtek Merchant Solutions, LLC (NMS) | $ | — | $ | 5,400 | $ | (5,400) | |||||||||||
| International Professional Marketing, Inc. | — | 150 | (150) | ||||||||||||||
| SIDCO, LLC | — | 500 | (500) | ||||||||||||||
| Newtek Conventional Lending, LLC | 51 | 600 | (549) | ||||||||||||||
| EMCAP Loan Holdings, LLC | 47 | 40 | 7 | ||||||||||||||
| Total dividend income | $ | 98 | $ | 6,690 | $ | (6,592) | |||||||||||
Dividend income is dependent on portfolio company earnings and 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 six months ended June 30, 2021 and 2020:
| (in thousands): | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | Change | ||||||||||||||
| Total NSBF originated servicing portfolio | $ | 1,768,292 | $ | 1,724,814 | $ | 43,478 | |||||||||||
Total average NSBF originated portfolio earning servicing income | $ | 1,112,818 | $ | 1,124,103 | $ | (11,285) | |||||||||||
| Total servicing income earned | $ | 5,527 | $ | 5,492 | $ | 35 | |||||||||||
Servicing income was relatively flat period over period. The 1% 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 $198.6 million compared to $70.2 million for the six months ended June 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) | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | Change | ||||||||||||||
| Salaries and benefits | $ | 10,376 | $ | 7,187 | $ | 3,189 | |||||||||||
| Interest | 10,040 | 9,788 | 252 | ||||||||||||||
| Depreciation and amortization | 164 | 219 | (55) | ||||||||||||||
| Professional fees | 2,047 | 2,171 | (124) | ||||||||||||||
| Origination and loan processing | 5,969 | 4,546 | 1,423 | ||||||||||||||
| Origination and loan processing - related party | 7,653 | 5,733 | 1,920 | ||||||||||||||
| Change in fair value of contingent consideration liabilities | — | 54 | (54) | ||||||||||||||
| Loss on extinguishment of debt | 955 | — | 955 | ||||||||||||||
| Other general and administrative costs | 3,341 | 3,333 | 8 | ||||||||||||||
| Total expenses | $ | 40,545 | $ | 33,031 | $ | 7,514 | |||||||||||
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 six months ended June 30, 2021 and 2020:
| (in thousands) | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | Change | ||||||||||||||
| Notes payable - Securitization Trusts | $ | 2,704 | $ | 4,721 | $ | (2,017) | |||||||||||
| Bank notes payable | 656 | 718 | (62) | ||||||||||||||
| Notes due 2022 | — | — | — | ||||||||||||||
| Notes due 2023 | 549 | 2,031 | (1,482) | ||||||||||||||
| Notes due 2024 | 2,250 | 2,027 | 223 | ||||||||||||||
| Notes due 2025 | 562 | — | 562 | ||||||||||||||
| Notes due 2026 | 3,153 | — | 3,153 | ||||||||||||||
| Notes payable - related parties | 166 | 291 | (125) | ||||||||||||||
| Total interest expense | $ | 10,040 | $ | 9,788 | $ | 252 | |||||||||||
The increase in interest expense period over period is primarily from additional interest on the Notes due 2026 of $3.2 million. In addition, there was additional interest expense on the 2025 and 2024 Notes of $0.6 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 $1.5 million of interest expense, and a decrease of $2.0 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 six months ended June 30, 2021 and 2020 were $18.8 million and $3.3 million, respectively, which included realized losses of $4.1 million and $3.3 million, respectively.
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Net Realized Gains on SBA Non-Affiliate Investments
| Six Months Ended | |||||||||||||||||||||||
| June 30, 2021 | June 30, 2020 | ||||||||||||||||||||||
| # of Debt Investments | $ Amount (in thousands) | # of Debt Investments | $ Amount (in thousands) | ||||||||||||||||||||
| SBA non-affiliate investments originated | 281 | $ | 198,633 | 87 | $ | 70,192 | |||||||||||||||||
| SBA guaranteed non-affiliate investments sold | 249 | $ | 144,465 | 85 | $ | 56,776 | |||||||||||||||||
| Realized gains recognized on sale of SBA guaranteed non-affiliate investments | — | $ | 22,939 | — | $ | 6,642 | |||||||||||||||||
Average sale price as a percent of principal balance1 | — | 113.71 | % | — | 109.64 | % | |||||||||||||||||
(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 six months ended June 30, 2021 compared to 2020 as NSBF has continued to redeployed resources used to generate PPP loans to the origination of SBA 7(a) loans in 2021.
Net Unrealized Appreciation (Depreciation) on Investments
| (in thousands) | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | Change | ||||||||||||||
| Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments | $ | 2,410 | $ | (383) | $ | 2,793 | |||||||||||
| Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments | 1,585 | (6,144) | 7,729 | ||||||||||||||
| Net unrealized depreciation on controlled investments | (5,545) | (10,871) | 5,326 | ||||||||||||||
| Net unrealized depreciation on derivative transactions | (37) | — | (37) | ||||||||||||||
| Change in deferred taxes | 723 | 2,940 | (2,217) | ||||||||||||||
| Net unrealized appreciation on non-control/non-affiliate investments | 524 | — | 524 | ||||||||||||||
| Total net unrealized depreciation on investments | $ | (340) | $ | (14,458) | $ | 14,118 | |||||||||||
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 six months ended June 30, 2021 and 2020:
| (in thousands) | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | Change | ||||||||||||||
| Newtek Merchant Solutions, LLC (NMS) | $ | — | $ | (6,250) | $ | 6,250 | |||||||||||
Newtek Technology Solutions, Inc. (NTS)1 | 1,500 | 500 | 1,000 | ||||||||||||||
| CDS Business Services, Inc. | (3,000) | (750) | (2,250) | ||||||||||||||
| PMTWorks Payroll, LLC | — | (85) | 85 | ||||||||||||||
| Small Business Lending, LLC | (5,650) | (2,802) | (2,848) | ||||||||||||||
| Newtek Business Lending, LLC | 1,370 | — | 1,370 | ||||||||||||||
| Newtek Conventional Lending, LLC | 231 | (159) | 390 | ||||||||||||||
| Titanium Asset Management LLC | 4 | (75) | 79 | ||||||||||||||
| Mobil Money, LLC | — | (1,250) | 1,250 | ||||||||||||||
| Total net unrealized depreciation on controlled investments | $ | (5,545) | $ | (10,871) | $ | 5,326 | |||||||||||
(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.
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 six months ended June 30, 2021 and 2020, we recognized a provision for deferred taxes of $0.7 million and $2.9 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. As of June 30, 2021, our asset coverage was 181% based on $455.8 million of aggregate principal amount of senior securities outstanding. 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.
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.
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.
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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. From inception through June 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 six months ended June 30, 2021. As of June 30, 2021, there were 1,546,951 shares of common stock available for sale under the 2020 ATM Equity Distribution Agreement.
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 June 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 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
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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 June 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) 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
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and payable upon the occurrence of any event of default after expiration of any applicable grace period. At June 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. In April 2020, Capital One advised NSBF that it was establishing a reserve against the non-guaranteed borrowing base, which reserve effectively reduced the advance rate on the non-guaranteed portions of the SBA 7(a) loans NSBF originates by 50%. 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 June 30, 2021, there was $5.0 million and $40.0 million outstanding under the unguaranteed and guaranteed lines of credit, respectively. At June 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 June 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 June 30, 2021 were $9.6 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 March 2019, the 2010-1 Trust was terminated as a result of NSBF purchasing the 2010-1 Trust assets, with the 2010-1 Trust’s noteholders receiving the redemption price.
In July 2019, the 2014-1 Trust was terminated as a result of NSBF purchasing the 2014-1 Trust assets, with the 2014-1 Trust’s noteholders receiving the redemption price.
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 UBS Bank USA (“UBS”), Stifel Bank (“Stifel”), Morgan Stanley Bank, N.A. (“Morgan Stanley”), and Amalgamated Bank (“Amalgamated”), collectively, 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 June 30, 2021. In total, during the six months ended June 30, 2021, NSBF sold participations in $722.6 million of PPP loans and continues to hold the PPP loan notes and the PPP loan documents in order to service the loans. 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
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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.
Congress enacted the Economic Aid Act on December 27, 2020, which, among other things, provided funding for PPP loans through March 31, 2021 and on January 11, 2021, the Company announced that NSBF would offer PPP loans through the end of the PPP. Further, on March 25, 2021, Congress passed the PPP Extension Act of 2021, which further 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 six months ended ended June 30, 2021. For more information, see “Management’s Discussion and Analysis of Financial Conditions and Results of Operations - Executive Summary.” On May 4, 2021, the SBA announced that PPP funding had been exhausted; however, borrowers with approved PPP loans (i.e., with an SBA loan number) could continue to have their PPP loans closed and funded by their lenders. 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, 504 loans, and secured line of credit and non-conforming commercial loans. There can be no assurance that the PPP will be further reauthorized, or that NSBF will be qualified to participate in any further reauthorization; therefore, income earned in connection with the PPP should not be viewed as recurring.
Cash Flows and Liquidity
As of June 30, 2021, the Company’s unused sources of liquidity consisted of $67.8 million available through the Capital One facility; $18.8 million available through notes payable with related parties; and $18.8 million in unrestricted cash.
Restricted cash of $129.8 million as of June 30, 2021 is primarily held by NSBF. The majority, or $128.4 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) | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | |||||||||
| Net cash provided by operating activities | $ | 122,309 | $ | 70,834 | |||||||
| Net cash used in investing activities | — | (10) | |||||||||
| Net cash used in financing activities | (25,171) | (50,433) | |||||||||
| Net increase in cash and restricted cash | 97,138 | 20,391 | |||||||||
| Cash and restricted cash, beginning of period | 51,425 | 33,207 | |||||||||
| Cash and restricted cash, end of period | $ | 148,563 | $ | 53,598 | |||||||
During the six months ended June 30, 2021, operating activities provided cash of $122.3 million, consisting primarily of (i) $887.8 million of proceeds from the sale of SBA 7(a) guaranteed loan investments, (ii) $35.0 million of principal payments received from SBA non-affiliate investments and (iii) a $17.6 million decrease 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.
These increases were offset by (i) $921.3 million of SBA 7(a) and PPP loan investments funded and (ii) $20.4 million of investments in controlled portfolio companies.
Net cash used in financing activities was $25.2 million consisting primarily of (i) a redemption of $57.5 million of the 2023 Notes; (ii) $28.8 million of principal payments related to securitization notes payable (iii) $41.3 million of net repayments under our bank notes payable, (iv) net repayments under the Related Party RLOC of $14.5 million and (v) $26.5 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 June 30, 2021:
| (in thousands) | Payments due by period | ||||||||||||||||||||||||||||||||||||||||
| Contractual Obligations | Total | 2021 | 2022 | 2023 | 2024 | 2025 | Thereafter | ||||||||||||||||||||||||||||||||||
| Bank notes payable | $ | 45,000 | $ | — | $ | — | $ | 45,000 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||
Securitization notes payable1 | 192,983 | — | — | — | — | — | 192,983 | ||||||||||||||||||||||||||||||||||
Notes due 20241 | 78,250 | — | — | — | 78,250 | — | — | ||||||||||||||||||||||||||||||||||
Notes due 20251 | 15,000 | — | — | — | — | 15,000 | — | ||||||||||||||||||||||||||||||||||
Notes due 20261 | 115,000 | — | — | — | — | — | 115,000 | ||||||||||||||||||||||||||||||||||
| Notes payable - related parties | 9,550 | — | — | 9,550 | — | — | — | ||||||||||||||||||||||||||||||||||
| Employment agreements | 1,414 | 943 | 471 | — | — | — | — | ||||||||||||||||||||||||||||||||||
| Operating leases | 11,019 | 845 | 1,876 | 1,928 | 1,981 | 2,035 | 2,354 | ||||||||||||||||||||||||||||||||||
| Totals | $ | 468,216 | $ | 1,788 | $ | 2,347 | $ | 56,478 | $ | 80,231 | $ | 17,035 | $ | 310,337 | |||||||||||||||||||||||||||
(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 June 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 reimburses 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 is sold to one of our PPP Participants. Income earned in connection with the PPP should not be viewed as recurring. The first round of PPP closed on August 8, 2020. Congress 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 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 their lenders. 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, 504 loans, and secured line of credit and non-conforming commercial loans. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate.
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 six months ended June 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 $10.7 million and $11.4 million at June 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. ASU 2020-04 is effective upon issuance of ASU 2020-04 for contract modifications on a prospective basis. The adopstion 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 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
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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 June 30, 2021.
Recent Developments
Dividends
On August 10, 2021, the Company declared a third quarter 2021 cash dividend of $0.90 per share, which is payable on September 30, 2021 to shareholders of record as of September 20, 2021.
PPP Funding Completion
During July 2021, in accordance with SBA guidance from the PPP Extension Act of 2021, NSBF continued to fund PPP borrowers with approved PPP loans (i.e., with an SBA loan number) from before the exhaustion of PPP funds was announced in May of 2021. NSBF funded the balance of its PPP loans by the end of July 2021. NSBF has shifted resources and refocused its efforts on funding SBA 7(a) loans.
Stock Purchase Agreement
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 has elected 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 Investment Company Act of 1940, as amended. The transaction is currently expected to close within six to twelve months. 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 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 owe 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, including NSBF, NBL, NBC, and SBL, to NBNYC, and to provide a centralized lending operations through NBNYC. Subject to certain Regulatory Approvals, the Company intends to further develop the Company’s current patented technology, which the Company intends to complement its proposed banking offerings. 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 Approval, 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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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 $148.6 million at June 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 June 30, 2021, cash deposits in excess of insured amounts totaled approximately $46.6 million.
ITEM 4. CONTROLS AND PROCEDURES.
(a) Evaluation of Disclosure Controls and Procedures:
As of June 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 have been participating in the PPP under the CARES Act since the second quarter of 2020 whereby loans to small businesses are 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 August 12, 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 it will not compel panel banks to contribute to the overnight 1, 3, 6 and 12 months USA LIBOR tenors after June 30, 2023 and all other tenors after December 31, 2021. It is unclear if at that time LIBOR will cease to exist or if new methods of calculating LIBOR will be established such that it continues to exist after 2021. Central banks and regulators in a number of major jurisdictions (for example, United States, United Kingdom, European Union, Switzerland and Japan) have convened working groups to find, and implement the transition to, suitable replacements for interbank offered rates ("IBORs"). 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 has identified the Secured
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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. In addition, on March 25, 2020, the FCA stated that although the central assumption that firms cannot rely on LIBOR being published after the end of 2021 has not changed, the outbreak of COVID-19 has impacted the timing of many firms' transition planning, and the FCA will continue to assess the impact of the COVID-19 outbreak on transition timelines and update the marketplace as soon as possible. Although SOFR appears to be the preferred replacement rate for U.S. dollar LIBOR, at this time, 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.
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 has 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. Although SOFR appears to be the preferred replacement rate for U.S. dollar LIBOR, at this time, 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.
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 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
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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.
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 six months ended June 30, 2021 we issued 12,000 and 12,000 shares of common stock, respectively, valued at $354,000 and $354,000, respectively to shareholders in connection with the DRIP. During the three and six months ended June 30, 2020 we issued 13,200 and 31,000 shares of common stock, respectively, valued at $235,000 and $458,000, 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 six months June 30, 2021 we issued an additional 2,800 and 6,500 shares, respectively, valued at $99,000 and $195,000, respectively, related to dividends on unvested restricted stock awards. During the three and six months ended June 30, 2020 we issued an additional 6,000 and 8,600 shares, respectively, valued at $107,000 and $152,000, 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.
None.
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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: August 13, 2021 | By: | /S/ BARRY SLOANE | ||||||
| Barry Sloane | ||||||||
| Chief Executive Officer, President and Chairman of the Board (Principal Executive Officer) | ||||||||
| Date: August 13, 2021 | By: | /S/ NICHOLAS LEGER | ||||||
| Nicholas Leger | ||||||||
| Chief Accounting Officer (Principal Financial Officer and Principal Accounting Officer) | ||||||||
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NEWTEK BUSINESS SERVICES CORP. _____________________________ EMPLOYMENT AGREEMENT WITH NICOLAS YOUNG _____________________________ PREAMBLE. This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of the 2nd day of August 2021 (the “Effective Date”), by and between NEWTEK BUSINESS SERVICES CORP. (the “Company”) and NICOLAS YOUNG (the “Executive”) (the Company and the Executive are collectively referred to as the “Parties”). WHEREAS, the Executive is to be employed by the Company as Chief Risk Officer; and WHEREAS, the Parties desire by this writing to set forth the employment relationship of the Company and the Executive as of the Effective Date. NOW, THEREFORE, it is AGREED as follows: 1. Defined Terms When used anywhere in the Agreement, the following terms shall have the meaning set forth herein. (a) “Board” shall mean the Board of Directors of the Company. (b) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and as interpreted through applicable rulings and regulations in effect from time to time. (c) “Change in Control” means the sale of all or substantially all the assets of the Company; or the acquisition of ownership, holding, or power to vote more than fifty percent (50%) of the Company’s voting shares by any person or persons acting as a group (within the meaning of Section 13(d) of the Securities Exchange Act of 1934), whether such control is obtained in one or more related transactions. (d) “Common Stock” shall mean shares of the Company’s common stock, par value $0.02 per share. (e) “Good Reason” shall mean any of the following events, which has not been consented to in advance by the Executive in writing during the term of the Agreement: (i) the requirement that the Executive move his personal residence, or perform his principal executive functions, in any location outside of Miami-Dade, Broward, or Palm Beach Counties, Florida; (ii) a reduction in the Executive’s Annual Base Compensation as the same may be increased from time to time; (iii) the assignment to the Executive of duties and responsibilities that constitute a material diminution from those associated with his position on the Effective Date; (iv) a material diminution or reduction in the Executive’s responsibilities or authority (including reporting responsibilities) in connection with his employment with the Company, including a change in the Executive’s
2 reporting requirements such that he is not reporting directly to the Chief Executive Officer (“CEO”) of the Company; or (v) the occurrence of a change-in-control as defined above. (f) “Just Cause” shall mean the Executive’s willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction for a felony, or material breach of any provision of this Agreement. No act, or failure to act, on the Executive’s part shall be considered “willful” unless Executive has acted, or failed to act, with an absence of good faith and without a reasonable belief that Executive’s action or failure to act was in the best interests of the Company. 2. Employment. The Executive is to be employed as Chief Risk Officer of the Company. The Executive shall render such administrative and management services for the Company, its subsidiaries and portfolio companies as are currently rendered and as are customarily performed by persons situated in a similar executive capacity and consistent with the duties of a Chief Risk Officer. The Executive shall report to the CEO in his role as Chief Risk Officer and shall be based in offices provided for him by the Company in Boca Raton, Florida. The Executive shall also promote, by entertainment or otherwise, as and to the extent permitted by law, the business of the Company, its subsidiaries and portfolio companies. The Executive’s other duties shall be such as the CEO or Board may from time to time reasonably direct, including normal duties as an officer of the Company. 3. Annual Base Compensation. The Company agrees to pay the Executive during the term of this Agreement a salary at the rate of $500,000 per annum, payable in cash not less frequently than semi-monthly, which sum may increase from time to time. 4. Cash Bonuses/Incentive Compensation. The Board and CEO shall determine the Executive’s right to receive incentive compensation in the form of cash bonuses and other awards. The Executive shall be part of and be entitled to participate in any incentive compensation program, including bonus or equity-based compensation programs, maintained by the Company for, or offered by the Company to, senior officers. In addition, subject to Board approval, Executive will receive an award of $600,000 of restricted shares of Common Stock pursuant to terms and conditions to be set forth in a Restricted Stock Award Agreement (the “Award”), the Company 2015 Stock Incentive Plan and Terms and Conditions thereof, which Award shall be provided to Executive on the Effective Date, with the Award vesting one-third on the one year anniversary of the Effective Date, the second one-third on the second anniversary of the Effective Date, and the remaining one-third on the third anniversary of the Effective Date. 5. Other Benefits. (a) Participation in Retirement, Medical and Other Plans. The Executive shall participate in any plan that the Company maintains for the benefit of its employees if the plan relates to (i) pension, profit-sharing, or other retirement benefits, (ii) medical insurance or the reimbursement of medical or dependent care expenses, or (iii) other group benefits, including disability and life insurance plans. (b) Executive Benefits; Expenses. The Executive shall participate in any fringe benefits which are or may become available to the Company’s senior management Executives,
3 including for example incentive compensation plans, club memberships, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Executive under this Agreement. The Executive shall be reimbursed for all reasonable out-of-pocket business expenses which he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with the policies of the Company, subject to the provisions in the 1940 Act, to the extent applicable. 6. Term. The Company hereby employs the Executive, and the Executive hereby accepts such employment, subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on August 2, 2022, or such earlier date as is determined in accordance with Section 11 (the “Term”). 7. Loyalty; Noncompetition. (a) During the period of Executive’s employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all of Executive’s full business time, attention, skill, and efforts to the faithful performance of Executive’s duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present in the opinion of the Board any conflict of interest with the Company or any of its subsidiaries or portfolio companies, nor unfavorably affect the performance of Executive’s duties pursuant to this Agreement, nor violate any applicable statute or regulation. During the Term of Executive’s employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to prevent or limit the Executive’s right to invest in the capital stock or other securities of any business dissimilar from that of the Company or, solely as a passive or minority investor, in any business, provided such investment does not: (i) constitute a conflict of interest, (ii) violate laws or regulations applicable to the Company, including, without limitation, the Investment Company Act of 1940, or (iii) violate any rules or polices promulgated by the Board. 8. Standards. The Executive shall perform his duties under this Agreement in accordance with such reasonable standards as the CEO may establish from time to time. The Company will provide Executive with the working facilities and staff customary for similar executives and necessary for him to perform his duties. 9. Vacation and Sick Leave. At such reasonable times according to Company policy the Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment under this Agreement, all such voluntary absences to count as vacation time; provided that: (a) The Executive shall be entitled to an annual vacation in accordance with the policies that the Company periodically establishes for senior management Executives of the Company.
4 (b) The Executive shall not receive any additional compensation from the Company on account of his failure to take a vacation, and the Executive shall not accumulate unused vacation from one fiscal year to the next, except in either case to the extent authorized by the CEO. (c) In addition to the aforesaid paid vacations, the Executive shall be entitled to absent himself voluntarily from the performance of his employment with the Company for such additional periods of time and for such valid and legitimate reasons as the CEO may in his discretion determine. Further, the CEO may grant to the Executive a leave or leaves of absence with or without pay. (d) In addition, the Executive shall be entitled to an annual sick leave benefit as established by the Company. 10. Indemnification. The Company shall, to the extent permitted by the Company’s Bylaws, indemnify and hold harmless Executive from any and all loss, expense (including attorneys’ fees and costs), or liability that he may incur due to his services for the Company as an officer and or a director of the Company or any of its subsidiaries or portfolio companies (including any liability Executive may ever incur as the result of severance benefits Executive collects pursuant to Sections 11 or 13), during the full Term of this Agreement and shall at all times maintain adequate insurance for such purposes. 11. Termination and Termination Pay. Subject to Section 13 hereof, the Executive’s employment hereunder may be terminated under the following circumstances: (a) Just Cause. The CEO may, based on a good faith determination and only after giving the Executive written notice specifying the basis for the termination and providing the Executive a reasonable opportunity to cure, immediately terminate the Executive’s employment at any time, for Just Cause. The Executive shall have no right to receive compensation or other benefits for any period after termination for Just Cause. (b) Without Just Cause. The CEO may, by written notice to the Executive, immediately terminate Executive’s employment for a reason other than Just Cause. If Executive’s employment is terminated at any time for a reason other than Just Cause, the Executive shall be entitled to a total severance payment equal to twelve (12) months of compensation calculated at one hundred (100) percent of Executive’s Annual Base Compensation in effect at the time of termination (the “Severance Payment”). The Severance Payment shall be paid in a lump sum within ten (10) business days after the termination of the Executive’s employment. Any Severance Payment shall be treated as a separate payment for purposes of Treasury Regulations Section 1.409A-2(b)(2)(iii). In addition, the Executive will be entitled to health, life, disability and other benefits which the Executive would have been eligible to participate in through the expiration of the Term based on the benefit levels substantially equal to those that the Company provided for the Executive at the date of termination of employment, subject to any restrictions as may be required under Code Section 409A. (c) Resignation by Executive with Good Reason. The Executive may at any time immediately terminate Executive’s employment hereunder for Good Reason, in which case
5 the Executive shall be entitled to receive the Severance Payment payable in the same manner and on the same basis as provided for under Section 11(b) herein upon a termination without Just Cause. In addition, the Executive will be entitled to health, life, disability and other benefits which the Executive would have been eligible to participate in through the expiration of the Term based on the benefit levels substantially equal to those that the Company provided for the Executive at the date of termination of employment, subject to any restrictions as may be required under Code Section 409A. (d) Resignation by Executive without Good Reason. The Executive may voluntarily terminate employment with the Company during the term of this Agreement, upon at least 30 days’ prior written notice to the CEO, in which case the Executive shall receive only his compensation, vested rights, and Executive benefits up to the date of Executive’s last day of employment. (e) Death, or Disability. If the Executive’s employment terminates during the Term of this Agreement due to Executive’s death or a disability that results in Executive’s collection of any long-term disability benefits, the Executive (or the beneficiaries of Executive’s estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason. (f) Non-Renewal Payment. If this Agreement is not extended for at least one (1) additional year in circumstances in which the Executive is willing and able to execute such extension and continue performing services (the “Non-Renewal”), then the Executive’s employment shall be terminated by the Company effective as of the expiration of the Term, in which event Executive shall be entitled to one-hundred percent (100%) of Executive’s Annual Base Compensation in effect at the time of nonrenewal (the “Non-Renewal Payment”), which Non-Renewal Payment shall be paid in one lump sum within ten (10) days after the expiration of the term. However, if Executive is entitled to receive a Severance Payment payable pursuant to Section 11(b), Executive shall not be entitled to receive a Non-Renewal Payment. Any extension shall include all of same terms, obligations, and considerations set forth in this Agreement, including without limitation all terms relating to compensation, incentive benefits (except for the Award set forth in paragraph 4), benefits, the same conditions and rights to severance payments (except for the non-renewal payment provided for in paragraph 11(f) hereof) and benefits, and the same rights and obligations with respect to the restrictive covenants. (g) Acceleration of Equity Awards. Upon Executive’s termination pursuant to Sections 11(b), (c), (e) or (f) hereof, fifty percent (50%) of the Award set forth in paragraph 4 shall be accelerated in full, and thereafter said fifty percent (50%) of the Award shall be immediately vested and exercisable for such period of time as provided for by the specific agreements governing such Award. 12. No Mitigation. The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, and no such payment shall be offset or reduced by the amount of any compensation or benefits provided to the Executive in any subsequent employment.
6 13. Covenants. (a) Definitions. For purposes of this Agreement: (i) Restrictive Period. The term “Restrictive Period” shall mean the period beginning on the Effective Date and ending one (1) year after the termination of the Executive’s employment hereunder. (ii) Covered Customer. The term “Covered Customer” shall mean (A) during the Term, any alliance partner, referral partner, customer, merchant, independent sales agency (ISA), independent sales organization (ISO), or any intermediary of the Company or its portfolio companies and (B) after the Term, as of the end of the Term, a Covered Customer of the Company or its portfolio companies within the prior three years. The term Covered Customer, shall include any customer who becomes a customer of the Company or of any of its portfolio companies after the Effective Date, and who was introduced to the Company primarily through the efforts of the Executive; however, the Restrictive Period shall apply to such a Covered Customer introduced to the Company primarily through the efforts of the Executive, only as long as: (i) Executive is employed by the Company; and (ii) for the one (1) year after termination of Executive’s employment only if Executive receives a Severance Payment or Non-Renewal Payment. (iii) Covered Employee. The term “Covered Employee” shall refer to any person who is or was employed by the Company or any of its subsidiaries or affiliates. The term Covered Employee includes any person who becomes employed by, or starts providing consulting services, to the Company or its portfolio companies after the Effective Date, and who was introduced to or was hired by the Company or any of its portfolio companies primarily through the efforts of the Executive; however, the Restrictive Period shall apply to such a Covered Employee who was introduced to or was hired by the Company or any of its portfolio companies primarily through the efforts of the Executive, only as long as: (i) Executive is employed by the Company; and (ii) for the one (1) year after termination of Executive’s employment only if Executive receives a Severance Payment or Non-Renewal Payment. (iv) Covered Business. The term “Covered Business” shall mean (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term. (v) Covered State. The term “Covered State” shall mean (A) during the Term, any state in the United States and (B) after the Term, any state (1) in which, as of the end of the Term, the Company was engaged in business or (2) with respect to which the Company, as of the end of the Term, had expended material expense and/or efforts in connection with preparing to do business therein. (b) Non-Interference. The Executive covenants and agrees that Executive will not at any time during the Restrictive Period for whatever reason, whether for Executive’s own account or for the account of any other person, firm, corporation or other business organization: (i) interfere with contractual relationships between the Company or its subsidiaries or portfolio companies and any of their Covered Customers or Covered Employees; (ii) hire, or solicit for hire,
7 any person who is a Covered Employee, without the express written consent of the Company; or (iii) other than on behalf of the Company or its subsidiaries or portfolio companies, solicit any Covered Customer in connection with the engagement, by any person or entity, in any Covered Business in any Covered State. (c) Confidentiality. The Executive will not, at any time whether during or after his termination of employment, (i) disclose to anyone, without proper authorization from the Company, or (ii) use, for his or another’s benefit, any confidential or proprietary information of the Company or any subsidiary of the Company, which may include trade secrets, business plans or outlooks, financial data, marketing or sales programs, customer lists, brand formulations, training and operations manuals, products or price strategies, mergers, acquisitions, and/or Company personnel issues. (d) Blue Pencil; Equitable Relief. The provisions contained in this Section 13 as to the time periods, scope of activities, persons or entities affected and territories restricted shall be deemed divisible so that if any provision contained in this Section is determined to be invalid or unenforceable, such provision shall be deemed modified so as to be valid and enforceable to the full extent lawfully permitted. The Executive acknowledges that the provisions of this Section 13 are reasonable and necessary for the protection of the Company and that the Company will be irrevocably damaged if such covenants are not specifically enforced. Accordingly, the Executive agrees that if he breaches or threatens to breach any of the covenants contained in this Section 13, the Company will be entitled (i) to damages sufficient to compensate the Company for any harm to the Company caused thereby and (ii) to specific performance and injunctive relief for the purpose of preventing the breach or threatened breach thereof without bond or other security or a showing that monetary damages will not provide an adequate remedy, in addition to any other relief to which the Company may be entitled under this Agreement. 14. Reimbursement for Litigation Expenses. In the event that any dispute arises between the Executive and the Company as to the terms or interpretation of this Agreement, whether instituted by formal legal proceedings or otherwise, including any action that the Executive takes to enforce the terms of this Agreement or to defend against any action taken by the Company, the Executive shall be reimbursed for all costs and expenses, including reasonable attorneys’ fees, arising from such dispute, proceedings or actions, provided that the Executive shall obtain a final judgement by a court of competent jurisdiction in favor of the Executive or is otherwise deemed to be a prevailing party in any such dispute. Such reimbursement shall be paid within ten (10) days of Executive’s furnishing to the Company written evidence, which may be in the form, among other things, of a cancelled check or receipt, of any costs or expenses incurred by the Executive. 15. Successors and Assigns. (a) This Agreement shall inure to the benefit of and be binding upon any corporate or other successor of the Company which shall acquire, directly or indirectly, by merger, consolidation, purchase or otherwise, all or substantially all of the assets or stock of the Company.
8 (b) Since the Company is contracting for the unique and personal skills of the Executive, the Executive shall be precluded from assigning or delegating his rights or duties hereunder without first obtaining the written consent of the Company. 16. Corporate Authority. Company represents and warrants that the execution and delivery of this Agreement by it has been duly and properly authorized by the Board and that when so executed and delivered this Agreement shall constitute the lawful and binding obligation of the Company. 17. Amendments. No amendments or additions to this Agreement shall be binding unless made in writing and signed by all of the parties, except as herein otherwise specifically provided. 18. Applicable Law and Venue. Except to the extent preempted by Federal law, the laws of the State of Florida shall govern this Agreement in all respects, whether as to its validity, construction, capacity, performance or otherwise. The Parties agree to submit any disputes relating to or arising from this Agreement or the employment of Executive by the Company to the exclusive jurisdiction of the state or federal courts in Miami-Dade, Broward, or Palm Beach Counties, Florida. 19. Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. 20. Entire Agreement. This Agreement, together with any understanding or modifications thereof as agreed to in writing by the parties, shall constitute the entire agreement between the parties hereto with respect to the matters addressed and shall supersede all previous agreements with respect to such matters. 21. Tax Matters. All payments or benefits provided under this Agreement are subject to any applicable employment or tax withholdings or deductions. In addition, the parties hereby agree that it is their intention that all payments or benefits provided under this Agreement be exempt from, or if not so exempt, comply with, Code Section 409A and this Agreement shall be interpreted accordingly. Notwithstanding anything in this Agreement to the contrary, if any payments or benefits made or provided under the Agreement are considered deferred compensation subject to Code Section 409A payable on account of Employee’s separation from service (but that do not meet an exemption under Code Section 409A, including without limitation the short term deferral or the separation pay plan exemption), such payments or benefits shall be paid no earlier than the date that is six (6) months following Employee’s separation from service (or, if earlier, the date of death) to the extent required by Code Section 409A. [signatures on following page]
9 IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. NEWTEK BUSINESS SERVICES CORP. By: Barry Sloane, Chief Executive Officer EXECUTIVE By: Nicolas Young 099900.08507 EMF_US 85328991v4
Exhibit 31.1
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002
I, Barry Sloane, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Newtek Business Services Corp. (the “registrant”).
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
| Date: August 13, 2021 | /S/ BARRY SLOANE | ||||
| Barry Sloane | |||||
| Principal Executive Officer | |||||
Exhibit 31.2
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002
I, Nicholas Leger, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Newtek Business Services Corp. (the “registrant”).
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
| Date: August 13, 2021 | /S/ NICHOLAS LEGER | ||||
| Nicholas Leger | |||||
| Principal Financial Officer | |||||
Exhibit 32.1
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report on Form 10-Q for the period ended June 30, 2021 (the “Report”) of Newtek Business Services Corp. (the “Company”), as filed with the Securities and Exchange Commission on the date hereof, I, Barry Sloane, as Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of the operations of the Company.
| Date: August 13, 2021 | /S/ BARRY SLOANE | ||||
| Barry Sloane, | |||||
| Principal Executive Officer | |||||
Exhibit 32.2
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report on Form 10-Q for the period ended June 30, 2021 (the “Report”) of Newtek Business Services Corp. (the “Company”), as filed with the Securities and Exchange Commission on the date hereof, I, Nicholas Leger, as Principal Financial Officer of the Company, hereby certify pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of the operations of the Company.
| Date: August 13, 2021 | /S/ NICHOLAS LEGER | ||||
| Nicholas Leger, | |||||
| Principal Financial Officer | |||||