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NewtekOne, Inc. - Quarter Report: 2021 March (Form 10-Q)



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 March 31, 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)
 
Maryland46-3755188
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
4800 T Rex Avenue, Suite 120, Boca Raton, Florida33431
(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 classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.02 per shareNEWTNasdaq Global Market LLC
5.75% Notes due 2024NEWTLNasdaq Global Market LLC
5.50% Notes due 2026NEWTZNasdaq 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 fileroAccelerated filero
Non-accelerated filerxSmaller reporting companyo
Emerging growth companyo
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 May 12, 2021, there were 22,509,718 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 March 31, 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.


Table of Contents

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 ActInvestment Company Act of 1940, as amended
2010-1 TrustNewtek Small Business Loan Trust, Series 2010-1, terminated in March 2019
2013-1 TrustNewtek Small Business Loan Trust, Series 2013-1, terminated in October 2018
2014-1 TrustNewtek Small Business Loan Trust, Series 2014-1, terminated in July 2019
2016-1 TrustNewtek Small Business Loan Trust, Series 2016-1
2017-1 TrustNewtek Small Business Loan Trust, Series 2017-1
2018-1 TrustNewtek Small Business Loan Trust, Series 2018-1
2019-1 TrustNewtek Small Business Loan Trust, Series 2019-1
2022 Notes7.50% Notes due 2022, redeemed in August 2019
2023 Notes6.25% Notes due 2023, redeemed in February 2021
2024 Notes5.75% Notes due 2024
2025 Notes6.85% Notes due 2025
2026 Notes5.50% Notes due 2026
Amended 2019 ATM Distribution AgreementFirst Amendment and Supplement to the Equity Distribution Agreement, dated as of February 28, 2020, by and among the Company and the placement agents
ASCAccounting Standards Codification, as issued by the FASB
ASUAccounting Standards Updates, as issued by the FASB
2017 ATM Equity Distribution AgreementSecond Amended and Restated Equity Distribution Agreement, dated August 31, 2018 by and among the Company and the placement agents
2019 ATM Equity Distribution AgreementEquity Distribution Agreement, dated July 10, 2019 by and among the Company and the placement agents
2020 ATM Equity Distribution AgreementEquity Distribution Agreement, dated June 25, 2020 by and among the Company and the placement agents
BDCBusiness Development Company under the 1940 Act
BoardThe Company's board of directors
Capital OneCapital One Bank, National Association
CodeInternal Revenue Code of 1986, as amended
DRIPThe Company's dividend reinvestment plan
EBITDAEarnings before interest, taxes, depreciation and amortization
Equity Incentive PlanThe Company's 2015 Equity Incentive Plan
Exchange ActSecurities Exchange Act of 1934, as amended
FASBFinancial Accounting Standards Board
LIBORLondon Interbank Offered Rate
NAVNet Asset Value
NBL FacilityRevolving Credit and Security Agreement between NBL SPV1, LLC, a wholly-owned subsidiary of NBL, and Capital One
Related Party RLOCUnsecured revolving line of credit agreement between NMS as lender and Newtek as borrower
PLPPreferred Lender Program, as authorized by the SBA
PPPPaycheck Protection Program
RICRegulated investment company under the Code
S&PStandard and Poor's
SBAUnited States Small Business Administration
SBLCSmall Business Lending Company



SECU.S. Securities and Exchange Commission
SMBSmall-and-medium sized businesses
SterlingSterling National Bank
Sterling Receivable and Inventory FacilityLoan and Security Agreement between NBC and Sterling, as lender, to fund accounts receivable and inventory financing arrangements
Taxable SubsidiariesCompanies formed by Newtek which are taxed as corporations for income tax purposes
TrusteeU.S. Bank, National Association
U.S. GAAP or GAAPGenerally accepted accounting principles in the United States
Portfolio Companies and Subsidiaries
NSBFNewtek Small Business Finance, LLC, a consolidated subsidiary
NBLNewtek Business Lending, LLC, a wholly-owned controlled portfolio company
NCLNewtek Conventional Lending, LLC, a 50% owned portfolio company
ExponentialExponential Business Development Co., Inc., a Taxable Subsidiary
NMSNewtek Merchant Solutions, LLC (formerly Universal Processing Services of Wisconsin LLC), a wholly-owned controlled portfolio company
PremierPremier Payments LLC, a former wholly-owned controlled portfolio company which merged into NMS at December 31, 2018
Mobil MoneyMobil Money, LLC, a wholly-owned controlled portfolio company
NTSNewtek Technology Solutions, Inc., a wholly-owned controlled portfolio company
IPMInternational Professional Marketing, Inc., a wholly-owned controlled portfolio company
SIDCOSIDCO, LLC dba Cloud Nine Services, a wholly-owned controlled portfolio company
EWSExcel WebSolutions, LLC, a wholly-owned controlled portfolio company
NBCCDS Business Services, Inc. dba Newtek Business Credit Solutions, a wholly-owned controlled portfolio company
SBLSmall Business Lending, LLC, a wholly-owned controlled portfolio company
BSPADR Partners, LLC dba banc-serv Partners, LLC, a former wholly-owned controlled portfolio company
NPS or PMTPMTWorks Payroll, LLC dba Newtek Payroll and Benefits Solutions, a wholly-owned controlled portfolio company
NIANewtek Insurance Agency, LLC, a wholly-owned controlled portfolio company
TAMTitanium Asset Management LLC, a wholly-owned controlled portfolio company
EMCAPEMCAP Loan Holdings, LLC
POSPOS on Cloud, LLC, dba Newtek Payment Systems, a controlled portfolio company
5



NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(In Thousands, except for Per Share Data)
March 31, 2021December 31, 2020
ASSETS(Unaudited)
Investments, at fair value
SBA unguaranteed non-affiliate investments (cost of $423,288 and $420,400, respectively; includes $302,595 and $312,649, respectively, related to securitization trusts)$412,020 $407,748 
SBA guaranteed non-affiliate investments (cost of $47,118 and $16,964, respectively)52,374 17,822 
Controlled investments (cost of $152,141 and $138,891, respectively)254,796 239,171 
Non-control investments (cost of $6,430 and $6,447, respectively)6,957 6,447 
Total investments at fair value726,147 671,188 
Cash3,716 2,073 
Restricted cash84,351 49,352 
Broker receivable20,095 52,730 
Due from related parties6,874 6,112 
Servicing assets, at fair value26,733 26,061 
Right of use assets6,680 6,933 
Other assets28,973 26,530 
Total assets$903,569 $840,979 
LIABILITIES AND NET ASSETS
Liabilities:
Bank notes payable$57,922 $86,339 
Notes due 2023 (par: $0 and $57,500 as of March 31, 2021 and December 31, 2020, Note 7)— 56,505 
Notes due 2024 (par: $68,250 and $63,250 as of March 31, 2021 and December 31, 2020, Note 7)66,835 61,774 
Notes due 2025 (par: $15,000 and $5,000 as of March 31, 2021 and December 31, 2020, Note 7)14,457 4,735 
Notes due 2026 (par: $115,000 and $0 as of March 31, 2021 and December 31, 2020, Note 7)111,589 — 
Notes payable - Securitization trusts (par: $205,281 and $221,752 as of March 31, 2021 and December 31, 2020, Note 7)202,124 218,339 
Notes payable - related parties5,150 24,090 
Due to related parties2,148 2,133 
Lease liabilities8,401 8,697 
Deferred tax liabilities12,039 11,406 
Accounts payable, accrued expenses and other liabilities56,053 27,608 
Total liabilities536,718 501,626 
Commitment and contingencies (Note 8)
Net assets:
Preferred stock (par value $0.02 per share; authorized 1,000 shares, no shares issued and outstanding)— — 
Common stock (par value $0.02 per share; authorized 200,000 shares, 22,530 and 21,970 issued and outstanding, respectively)451 439 
Additional paid-in capital325,254 316,629 
Accumulated undistributed earnings41,146 22,285 
Total net assets366,851 339,353 
Total liabilities and net assets$903,569 $840,979 
Net asset value per common share$16.28 $15.45 
6
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 March 31,
20212020
Investment income
From non-affiliate investments:
Interest income - PPP loans$24,208 $— 
Interest income - SBA 7(a) loans5,949 7,322 
Servicing income2,740 2,715 
Other income1,114 906 
Total investment income from non-affiliate investments34,011 10,943 
From non-control investments:
Interest income124 — 
Dividend income26 20 
Total investment income from non-control investments150 20 
From controlled investments:
Interest income533 457 
Dividend income— 4,382 
Total investment income from controlled investments533 4,839 
Total investment income34,694 15,802 
Expenses:
Salaries and benefits4,450 3,447 
Interest5,072 5,184 
Depreciation and amortization85 115 
Professional fees1,188 964 
Origination and loan processing2,971 1,824 
Origination and loan processing - related party3,143 2,638 
Change in fair value of contingent consideration liabilities— 54 
Loss on extinguishment of debt955 — 
Other general and administrative costs1,635 1,858 
Total expenses19,499 16,084 
Net investment income (loss)15,195 (282)
Net realized and unrealized gains (losses):
Net realized gain on non-affiliate investments - SBA 7(a) loans7,393 4,513 
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments4,393 (183)
Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments1,387 (4,511)
Net unrealized appreciation (depreciation) on controlled investments2,375 (10,789)
Change in deferred taxes(633)2,911 
Net unrealized appreciation on non-control investments527 — 
Net unrealized appreciation (depreciation) on servicing assets(513)1,088 
Net realized and unrealized gains (losses)$14,929 $(6,971)
Net increase (decrease) in net assets resulting from operations$30,124 $(7,253)
Net increase (decrease) in net assets resulting from operations per share$1.35 $(0.35)
Net investment income (loss) per share$0.68 $(0.01)
Dividends and distributions declared per common share$0.50 $0.44 
Weighted average number of shares outstanding22,337 20,738 
7
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 March 31,
20212020
Increase in net assets:
Net investment income (loss)$15,195 $(282)
Net realized gain on investments7,393 4,513 
Net unrealized (depreciation) appreciation on investments7,536 (11,484)
Net (decrease) increase in net assets resulting from operations30,124 (7,253)
Distributions to common stockholders(11,166)(9,106)
Capital share transactions:
Issuance of common stock under dividend reinvestment plan140 224 
Stock-based compensation expense694 171 
Purchase of vested stock for employee payroll tax withholding(1,264)— 
Issuance of common stock, net of offering costs8,970 6,203 
Net increase in net assets from capital share transactions8,540 6,598 
Total increase in net assets27,498 (9,761)
Net assets at beginning of period339,353 322,226 
Net assets at end of period$366,851 $312,465 
Common shares outstanding at end of period22,530 20,838 
Capital share activity:
Shares issued under dividend reinvestment plan18 
Shares issued in connection with sales of common stock430 290 
Purchase of vested stock for employee payroll tax withholding(46)— 
Restricted shares issued under Equity Incentive Plan, net of forfeitures170 — 
Net increase in capital activity560 308 
8
See accompanying notes to consolidated financial statements.


NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In Thousands)
Three Months Ended March 31,
20212020
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations$30,124 $(7,256)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by operating activities:
Net unrealized (appreciation) depreciation on controlled investments(2,375)10,789 
Net unrealized (appreciation) depreciation on non-affiliate investments(6,307)4,694 
Net unrealized depreciation (appreciation) on servicing assets513 (1,088)
Net realized gains on non-affiliate investments(6,207)(4,513)
Change in fair value of contingent consideration liabilities— 54 
Loss on extinguishment of debt955 — 
Amortization of deferred financing costs649 490 
Deferred income taxes633 (2,911)
Depreciation and amortization85 115 
Purchase of loans(982)(5,522)
Funding of guaranteed non-affiliate SBA loans(513,869)(39,799)
Funding of unguaranteed non-affiliate SBA loans(15,499)(13,042)
Funding of controlled investments(13,250)(12,820)
Proceeds from sale of non-affiliate SBA loans490,452 43,035 
Principal received on SBA non-affiliate investments12,660 12,536 
Principal received from controlled investments— 425 
Principal received from non-control investments17 — 
Return of investment from controlled investments— 700 
Other, net897 (44)
Changes in operating assets and liabilities:
Broker receivable32,635 49,490 
Due to/from related parties(747)(671)
Other assets(2,801)(151)
Accounts payable, accrued expenses and other liabilities28,804 (4,277)
Capitalized servicing asset(1,185)(810)
Other, net29 19 
Net cash provided by operating activities35,231 29,443 
Cash flows from investing activities:
Purchase of fixed assets(4)
Cash flows from financing activities:
Net borrowings on bank notes payable(28,417)14,069 
Proceeds from common shares sold, net of offering costs8,969 6,203 
Net (repayments) proceeds under related party line of credit(18,940)12,050 
Proceeds from Notes due 20245,000 — 
Proceeds from Notes due 202510,000 — 
Proceeds from Notes due 2026115,000 — 
Redemption of Notes due 2023(57,500)— 
Payments on Notes Payable - Securitization Trusts(16,471)(15,555)
Dividends paid(11,026)(8,882)
Additions to deferred financing costs(3,940)(6)
Purchase of vested stock for employee payroll tax withholding(1,264)— 
Net cash provided by financing activities1,411 7,879 
Net increase in cash and restricted cash36,642 37,318 
9
See accompanying notes to consolidated financial statements.


NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In Thousands)
Three Months Ended March 31,
20212020
Cash and restricted cash—beginning of period (Note 2)51,425 33,207 
Cash and restricted cash—end of period (Note 2)$88,067 $70,525 
Non-cash operating, investing and financing activities:
Foreclosed real estate acquired$402 $196 
Issuance of common shares under dividend reinvestment plan$140 $224 
            


10
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Trailer Marketing Services Inc(#)4560 State Route 233, Clinton, NY 13323Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/31/2046$67.5 $67.5 $76.0 0.02 %
Walking Urgent Care Inc(#)10308 West Sample Road, Coral Springs, FL 33065Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/31/2031250.0 250.0 228.0 0.06 %
TK Cleaning and Lawn Service LLC(#)4449 Beechaven Drive, Rock Hill, SC 29732Administrative and Support ServicesTerm LoanPrime plus 2.75%3/31/2031120.0 120.0 107.9 0.03 %
Batteries in a Flash.com, Inc.(#)720 W Cheyenne Ave, North Las Vegas, NV 89030Nonstore Retailers Term LoanPrime plus 2.75%3/31/2046102.8 102.8 107.4 0.03 %
Barrett Enterprises, LLC dba Barrett and Sons Used Cars(#)920 N Columbia St, Milledgeville, GA 31061Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/31/204644.5 44.5 42.9 0.01 %
Knight Settlement Sand & Gravel, LLC(#)7291 Knight Settlement Rd, Bath, NY 14810Mining (except Oil and Gas)Term LoanPrime plus 2.75%3/31/2031166.0 166.0 144.3 0.04 %
Statewide Health Care, Inc(#)102 Oglethorpe Professional Court, Savannah, GA 31406Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/31/203162.0 62.0 52.5 0.01 %
Thomson Holdings Enterprises LLC dba Volusia County Towing(#)345 8th Street, Daytona Beach, FL 32117Support Activities for TransportationTerm LoanPrime plus 2.75%3/31/2046110.6 110.6 110.3 0.03 %
Tober Building Company, LLC(#)3351 Brecksville Road, Richfield, OH 44286Construction of BuildingsTerm LoanPrime plus 2.75%3/31/2031642.3 642.3 560.7 0.15 %
La Dolce Vita Water Sports LLC,LDV GOLF CART & BIKE RENTALS LLC(#)408 Kelly Plantation Dr, Destin, FL 32541Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/31/2031270.5 270.5 283.7 0.08 %
Suncoast Premier Medical, LLC and Mario R Perez MD PA(#)1239 US-27, Clermont, FL 34714Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/31/2046101.5 101.5 104.4 0.03 %
Triple B's, Inc dba Crews Door Company(#)12189 Livingston Road, Manassas, VA 20109Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/31/204692.9 92.9 96.1 0.03 %
Barrett Enterprises, LLC(#)2920 N Columbia St, Milledgeville, GA 31061Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/31/203121.0 21.0 17.8 — %
TK Cleaning and Lawn Service LLC(#)4449 Beechaven Drive, Rock Hill, SC 29732Administrative and Support ServicesTerm LoanPrime plus 2.75%3/31/204625.0 25.0 28.1 0.01 %
Quality Sound Communications, Inc dba Technology Source(#)1551 North Tustin Avenue, Suite 960, Santa Ana, CA 92705TelecommunicationsTerm LoanPrime plus 2.75%3/31/2031134.0 134.0 113.0 0.03 %
The Sign Company of Wilmington, Inc.(#)428 Landmark Drive, Wilmington, NC 28412Miscellaneous ManufacturingTerm LoanPrime plus 2.75%3/30/2046102.6 102.6 111.8 0.03 %
Bojax Auto Collision, Inc. dba Bojax Auto Body Repair(#)4712 Fernlee Avenue, Royal Oak, MI 48073Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/203138.2 38.2 35.2 0.01 %
Bojax Auto Collision, Inc dba Bojax Auto Body Repair and Seman Real Es(#)4712 Fernlee Avenue, Royal Oak, MI 48073Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/204623.8 23.8 24.4 0.01 %
Underground Toys USA, LLC dba Seven 20 and Wozniak Distribution, LLC(#)7626 Miramar Rd, San Diego, CA 92126Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/30/2031310.0 310.0 261.4 0.07 %
RH All Around Repair, LLC(#)2008 Coahuila Rd, Odessa, TX 79763Repair and MaintenanceTerm LoanPrime plus 2.75%6/30/204643.0 43.0 46.0 0.01 %
11
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Empire State Adjuster's Corp.DBA Frankie M’s Auto Body East(#)419 West Main Street, Smithtown, NY 11787Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/2046175.5 175.5 177.7 0.05 %
Drake Dance Academy LLC(#)5790 Marble Creek Stree, Dublin, OH 43016Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%7/30/2046137.2 137.2 144.3 0.04 %
Markell Construction Inc(#)6248 N Woodstock Street, Philadelphia, PA 19138Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/29/203123.8 23.8 20.0 0.01 %
QXC Communications, Inc(#)3785 North Federal Highway, Suite 205, Boca Raton, FL 33431TelecommunicationsTerm LoanPrime plus 2.75%3/29/2031105.0 105.0 92.5 0.03 %
Signet Media Inc(#)630 S.1st Street, San Jose, CA 95113Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/29/203180.0 80.0 77.5 0.02 %
ALG-Health LLC and Axis LED Group, LLC(#)520 West Mulberry Street, Bryon, OH 43506Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%6/29/2031695.2 695.2 653.1 0.18 %
Jason Watts Pictures, LLC(#)110 Broadway #507, Brooklyn, NY 11249Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%3/29/203118.5 18.5 15.6 — %
Kidz Choice Service Inc and Kidz Choice Holdings Inc(#)14-34 110th Street, Flushing, NY 11356Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/2031210.0 210.0 176.8 0.05 %
AUBURN ANALYTICAL LABS, INC(#)210 Bay City Road, Midland, MI 48642Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/26/203125.0 25.0 21.0 0.01 %
Zebra Enterprises, LLC dba Shanty(#)213 3rd Street, Eureka, CA 95501Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/26/204634.0 34.0 38.3 0.01 %
New Image Window & Doors Inc(#)705 Hennis Road, Winter Garden, FL 34787Administrative and Support ServicesTerm LoanPrime plus 2.75%3/26/203126.4 26.4 27.6 0.01 %
Ground Breakers Construction, Inc.(#)2292 a/k/a 2274 Hayride Road, Lebec, CA 93243Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%3/26/2031109.3 109.3 100.8 0.03 %
Johnson Diversified, Inc dba Plumbing Solutions(#)29802 Avenida De Las Banderas, Rancho Santa Margarita, CA 92688Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/26/203187.5 87.5 86.7 0.02 %
Leo Marketing LLC(#)1127 E Rio Grande Ave, El Paso, TX 79902Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/26/203115.0 15.0 13.9 — %
Diversified Electric, LLC(#)1571 Mapledale St, Ferndale, MI 48220Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/26/203125.0 25.0 21.0 0.01 %
Rob Smith dba Laundry Land(#)8913 Sierra Avenue, Fontana, CA 92335Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/26/203119.5 19.5 16.7 — %
Party Town Chico LLC(#)1937 East 20th Street #B6, Chico, CA 95928Miscellaneous Store Retailers Term LoanPrime plus 2.75%3/25/203114.9 14.9 12.5 — %
Companion Plus Care, LLC(#)19849 Middlebelt Road, Livonia, MI 48152Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%3/25/2046132.0 132.0 131.7 0.04 %
Allan Gilbert dba Allan Gilbert Builders(#)50 Jodi Drive, Belmont, NH 03220Construction of BuildingsTerm LoanPrime plus 2.75%3/25/203125.0 25.0 21.4 0.01 %
Millennium Family Practice LLC(#)6310 Steven Forest Road, Columbia, MD 21045Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/25/203196.0 96.0 100.5 0.03 %
Blasco Tire LLC(#)960 Memorial Drive, Griffin, GA 30223Motor Vehicle and Parts Dealers Term LoanPrime plus 6.5%3/24/20316.3 6.3 6.1 — %
Oscar Rene Guzman and American United Construction LLC(#)12520 Taylor Road, Houston, TX 77041Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/24/2031180.0 180.0 154.0 0.04 %
12
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Capco Swimming Pools LLC and. Capco Industries, LLC dba Premier Pools(#)5115 Savannah Green, Voy Omy, TX 78073Construction of BuildingsTerm LoanPrime plus 2.75%3/24/203135.0 35.0 33.7 0.01 %
Malik Dough L.L.C. and Steven L. Malik II(#)3347 Riverside Drive, North Tazewell, VA 24630Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/24/203110.5 10.5 9.0 — %
Icebox Cafe, L.C and Icebox Pantry, LLC(#)219 NE 3rd Street, Hallandale Beach, FL 33009Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/24/2031147.2 147.2 127.2 0.03 %
Linh Luong and Loc Luong(#)120 W Main Street, Peroria, IL 61606Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/24/203187.5 87.5 86.4 0.02 %
Sundown Audio, LLC(#)514 W 21st Street, Newton, NC 28658Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%3/24/2031100.0 100.0 84.5 0.02 %
S.B. Southern Welding, L.L.C(#)300 Howard Road, Waxahachie, TX 75165Machinery ManufacturingTerm LoanPrime plus 2.75%3/23/2031281.6 281.6 246.5 0.07 %
Bottles on Broadway, LLC(#)1083 N Boradway, Massapequa, NY 11758Food and Beverage Stores Term LoanPrime plus 2.75%3/23/203135.0 35.0 29.5 0.01 %
Clear Impact LLC and Clear Impact Inc(#)11300 Rockville Pike, #1001, Rockville, MD 20852Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/22/2031155.3 155.3 132.7 0.04 %
Spartan Technology Solutions, Inc.(#)125 Venture Blvd, Spartanburg, SC 29306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/22/203150.0 50.0 42.1 0.01 %
Tripark LLC(#)12630 Haynes Road, Houston, TX 77066Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/19/2046150.0 150.0 153.3 0.04 %
JEJ LLC dba Hawaii Jerky Shop; DE.HI Foods(#)111 Sand Island Access Road, Honolulu, HI 96819Food ManufacturingTerm LoanPrime plus 2.75%3/19/2046150.0 150.0 158.3 0.04 %
David Edwin Harries(#)5506 Riverside Dr, Chino, VA 91710Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%3/19/203115.0 15.0 12.6 — %
Richard Keith Robison Jr. Enterprises, Inc. dba R & R Restoration(#)1539 Apache Drive, Montgomery, TX 77316Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/19/203115.0 15.0 12.7 — %
Natalie Dress Designers, LLC DBA Azaria Bridal(#)3710 US Highway 9, Space D218, Freehold, NJ 07728Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%3/19/2031325.0 325.0 277.0 0.08 %
Jemas, LLC Dba Medicine Shoppe St Charles(#)488 S 5th Street, St Charles, MO 63301Health and Personal Care Stores Term LoanPrime plus 2.75%3/19/203190.0 90.0 75.9 0.02 %
Crystal H Thompson dba Advertise IT(#)718 N Main Street, Norwood, CT 28128Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/18/203132.0 32.0 28.5 0.01 %
LT Johnson DDS PLLC dba Brueggen Dental Implant Center(#)14626 Bellaire Blvd., Houston, TX 77083Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/18/2031334.8 334.8 282.0 0.08 %
WSCL, Inc(#)176 Rosa Court, Colton, CA 92324Construction of BuildingsTerm LoanPrime plus 2.75%3/18/203150.0 50.0 42.1 0.01 %
Northern Services Inc(#)2266 Central Street, Suite6, Richmond, CA 94801Administrative and Support ServicesTerm LoanPrime plus 2.75%3/18/203150.0 50.0 42.1 0.01 %
AZ Dropship LLC dba A-Z Trading Co(#)735 Crofton St SE, Grand Rapids, MI 49507Nonstore Retailers Term LoanPrime plus 2.75%3/18/203150.0 50.0 42.2 0.01 %
Zmetra Clear Span Structures, LLC(#)2 Old Worcester Road, Dudley, MA 01571Miscellaneous ManufacturingTerm LoanPrime plus 2.75%3/18/2031125.0 125.0 121.1 0.03 %
Ryan Doyle Enterprises, LLC dba Earthworkers Landscaping(#)802 Klinger Ln, Lebanon, PA 17042Administrative and Support ServicesTerm LoanPrime plus 2.75%3/17/203115.0 15.0 13.7 — %
13
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Battle Forged Fitness, LLC dba CrossFit 1976(#)3251 East Stone Court, Eagle Mountain, UT 84005Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/17/204655.5 55.5 51.1 0.01 %
EXAGEN SOLUTIONS INC(#)32 Waverly Cir, Waverly, NY 12189Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/16/203153.0 53.0 44.6 0.01 %
274 Construction Group, Inc(#)420 Raleigh Street, Suite F, Wilmington, NC 28412Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%3/16/2031185.0 185.0 167.3 0.05 %
Crispeno Realty, Inc(#)9812 235th Pl SW, Edmonds, WA 98020Real EstateTerm LoanPrime plus 2.75%3/16/203130.0 30.0 25.3 0.01 %
Benevolent Family Services LLC,(#)522 S Independence Boulevard, Suite 201, Virginia Beach, VA 23452Ambulatory Health Care ServicesTerm LoanPrime plus 6.5%3/15/20316.3 6.3 6.1 — %
Pavesh, LLC(#)9576 Potranco Road, San Antonio, TX 78251Repair and MaintenanceTerm LoanPrime plus 2.75%3/15/2046167.5 167.5 175.6 0.05 %
INB Enterprise LLC(#)7761 Diamondback Drive, College Park, MD 20742Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%3/15/20316.3 6.3 6.1 — %
DTJ Enterprises, Inc dba West Falmouth Market(#)623 W Falmouth hwy, West Falmouth, MA 02540Food and Beverage Stores Term LoanPrime plus 2.75%3/15/2046180.0 180.0 187.1 0.05 %
Swick & Son Enterprises, Inc.(#)108 Mashell Avenue North, Eatonville, WA 98328Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/12/203179.8 79.8 67.8 0.02 %
Torchlight Academy Schools, LLC(#)116 County Farm Road, Windsor, NC 27983Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/12/2046225.0 225.0 253.0 0.07 %
Hany and Associates LLC dba Integrity Tax Group(#)2020 S Oneida Street, Denver, CO 80224Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/12/203156.0 56.0 47.1 0.01 %
Craftworks NW, LLC(#)12421 NE 117th Ave, Vancouver, WA 98662Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%3/12/203115.0 15.0 13.4 — %
Kris-Leigh Catered Living at Severna Park LLC(#)831 Ritchie Highway, Severna Park, MD 21146Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%3/12/2031720.0 720.0 753.9 0.21 %
Clean Energyz LLC(#)881 Alma Real Drive Suite T-16, Pacific Palisades, CA 90272Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/11/203120.0 20.0 20.2 0.01 %
Motus Inc. dba Stage Your Home San Diego(#)7557 Convoy Ct, San Diego, CA 92111Real EstateTerm LoanPrime plus 2.75%3/11/203152.5 52.5 44.2 0.01 %
Clean Energyz LLC(#)881 Alma Real Drive, Suites T-16, Pacific Palisades, CA 90272Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/11/203160.0 60.0 50.5 0.01 %
INTERNETZONE I, INC.(#)3131 Laurel Avenue, Fullerton, CA 92835Other Information ServicesTerm LoanPrime plus 2.75%3/10/203110.0 10.0 8.4 — %
Monark, LLC(#)26050 Acero, Suite 411, Mission Viejo, CA 92691Food ManufacturingTerm LoanPrime plus 2.75%3/10/203135.0 35.0 29.5 0.01 %
ACTIVE FACILITY MONITORING, LLC(#)702 Ernest Dr, Port Orange, FL 32127Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/9/203110.0 10.0 8.4 — %
3 A Ideas, LLC dba Bizzy Kids Learning Center(#)1401 Caplin Drive, Arlington, TX 76018Social AssistanceTerm LoanPrime plus 2.75%3/5/2046120.0 120.0 129.5 0.04 %
Nadal Company LLC(#)5923 Robindale Road, Catonsville, MD 21228Repair and MaintenanceTerm LoanPrime plus 2.75%3/5/20315.0 5.0 4.2 — %
Secret Harbor Charter LLC(#)7881 Sandholdt Rd, Moss Landing, CA 95039Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/5/203127.0 27.0 25.0 0.01 %
14
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

True Electrical Services LLC dba True Breaker Services(#)3773 Dinosaur Street, Castle Rock, CO 80109Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/5/20316.0 6.0 5.1 — %
Charlie Chedda's LLC(#)186 S Academy Blvd, Colorado Springs, CO 80916Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/5/203130.0 30.0 29.1 0.01 %
Giles Title and Escrow Services, LLC and Morgan Andrew Hoover(#)203 North 1st Street, Pulaski, TN 38478Real EstateTerm LoanPrime plus 2.75%3/4/203131.0 31.0 28.5 0.01 %
Reginald L McClain dba McClain's Auto Detailing and Paint Refinish(#)2753 N 29th Street, Milwaukee, WI 53210Repair and MaintenanceTerm LoanPrime plus 2.75%3/3/20467.2 7.2 8.1 — %
Ambrose Cubed LLC(#)6780 Hudspeth Road, Harrisburg, NC 28075Wholesale Electronic Markets and Agents and Brokers Term LoanPrime plus 2.75%3/3/2046200.0 200.0 224.9 0.06 %
Metroguard Security & Risk Mgmt Inc.(#)338 Commerce Drive, Fairfield, CT 06825Administrative and Support ServicesTerm LoanPrime plus 2.75%3/2/2031206.8 206.8 174.1 0.05 %
Revival Ice Cream, LLC(#)463 Alvarado Street, Monterey, CA 93940Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/1/203150.0 50.0 42.3 0.01 %
Miss Academy, LLC dba Miss Houston Pageant(#)1111 Uptown Park Blvd #12, Houston, TX 77056Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/26/203110.0 10.0 8.4 — %
Anne M Prior LLC(#)5933 NW Wins Sivers Drive, Portland, OR 97220Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/25/203118.7 18.7 15.7 — %
Kirkland Associates, Ltd(#)4180 NE Riverside Drive, McMinnville, OR 97128Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%2/25/203150.0 50.0 42.6 0.01 %
Goodsell/Wilkins, Inc(#)28175 Bluebell Drive, Laguna Niguel, CA 92677Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/25/2031100.0 100.0 84.2 0.02 %
Innovative Dental of Hannibal LLC(#)515 Clinic Rd., Hannibal, MO 63401Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/24/203150.0 50.0 42.3 0.01 %
Medissage Integrative Therapies, LLC(#)103 Twinridge Lane, Richmond, VA 23235Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/23/20467.6 7.6 8.5 — %
KOLOA KAI LLC and Stay Beach Cities, Inc(#)2-2514 Kaumualii Highway, Kalaheo, HI 96741Real EstateTerm LoanPrime plus 2.75%2/22/20317.5 7.5 6.3 — %
Eagle Creek Landscape & Design(#)7574 Eagle Creek Road, Cincinnati, OH 45247Administrative and Support ServicesTerm LoanPrime plus 2.75%2/19/203147.5 47.5 40.6 0.01 %
TELAVERGE COMMUNICATIONS, LLC(#)8229 Foutain Ridge Drive, Plano, TX 75025Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/19/203135.0 35.0 29.5 0.01 %
Eddy Auto Service Inc(#)901 NY-109, West Babylon, NY 11704Repair and MaintenanceTerm LoanPrime plus 2.75%2/18/204687.5 87.5 98.4 0.03 %
Ben Anderson 365(#)1567 E Valley Rd, Montecito, CA 93108Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/18/203150.0 50.0 42.1 0.01 %
Commonwealth Warehouse, Inc.(#)400-500 Murray Road, Cincinnati, OH 45217Warehousing and StorageTerm LoanPrime plus 2.75%2/17/203157.5 57.5 48.4 0.01 %
Alima Mandiang, dba Mandiang Hair Braiding(#)242 E. Claremont Rd, Philadelphia, PA 19120Personal and Laundry ServicesTerm LoanPrime plus 6.5%2/17/20312.5 2.5 2.5 — %
SBRnet, Inc(#)10185 Spyglass Way, Boca Raton, FL 33498Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/17/203121.0 21.0 17.7 — %
Surgeon & Associates, Inc(#)733 Bargain Street, Fayetteville, NC 28303Administrative and Support ServicesTerm LoanPrime plus 2.75%2/17/203130.0 30.0 29.4 0.01 %
15
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

ReenBoog Natural Hair Care, LLC(#)4051 Stone Mountain Highway, Suite E106, Lilburn, GA 30047Health and Personal Care Stores Term LoanPrime plus 2.75%2/17/203120.0 20.0 17.1 — %
Ryan Spataro dba The Minty Goat(#)6801 N Crystal Avenue, Kansas City, MO 64119Administrative and Support ServicesTerm LoanPrime plus 2.75%2/16/20315.0 5.0 4.6 — %
White Pine Logistics Inc(#)1281 Cobble Pond Way, Vienna, VA 22182Truck TransportationTerm LoanPrime plus 2.75%2/16/203166.3 66.3 55.8 0.02 %
Design Moves LLC(#)3235 North Dixie Highway, Oakland, FL 33334Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/16/204685.0 85.0 91.4 0.02 %
Little Swimmers Inc.(#)2395 Monument Boulevard, Concord, CA 94520Educational ServicesTerm LoanPrime plus 2.75%2/11/203150.0 50.0 42.7 0.01 %
UniGuide Media,LLC(#)105 Pearl Street, Sausalito, CA 94965Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%2/11/20316.3 6.3 6.1 — %
Blue Telescope Inc(#)70 Burnet Street, Maplewood, NJ 07040Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/11/203115.0 15.0 12.6 — %
A-One Refrigeration and Heating, Inc(#)910 N 20th Avenue, Pasco, WA 99301Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/11/2031165.5 165.5 145.6 0.04 %
A-One Refrigeration and Heating, Inc.(#)910 N 20th Avenue, Pasco, WA 99301Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/11/2046290.0 290.0 308.2 0.08 %
Hybrid Drive Batteries LLC(#)22607 E La Palma Avenue, Suite 406, Yorba Linda, CA 92887Repair and MaintenanceTerm LoanPrime plus 2.75%2/10/203115.0 15.0 12.7 — %
Paramount General Contracting LLC(#)4705 Roosevelt Street, Gary, IN 46408Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/10/2046123.0 123.0 138.3 0.04 %
Michael Miller dba Affordable Paint and Auto Body(#)4738 Randleman Road, Greensboro, NC 27406Repair and MaintenanceTerm LoanPrime plus 2.75%2/9/204622.2 22.2 23.6 0.01 %
The Buckeye Health Group, LLC(#)8120 Walcot Ln, Cincinnat, OH 45249Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/4/203150.0 50.0 42.1 0.01 %
Little Angels Daycare and Learning Center LLC(#)4551 Summit Blvd, West Palm Beach, FL 33415Social AssistanceTerm LoanPrime plus 2.75%10/3/204641.7 41.7 43.6 0.01 %
Ernest Construction Inc.(#)358 W 44th Street, New York, NY 10036Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/2/203122.5 22.5 18.9 0.01 %
Davis Laboratories, Inc.(#)611 Lunar Ave., Brea, CA 92821Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/1/203162.5 62.5 57.7 0.02 %
CULTIVA Solutions, LLC(#)8000 Towers Crescent Drive,, Vienna, VA 22182Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/29/20314.0 4.0 3.3 — %
Dexter Lillie dba Kreative Kutz Barber Shop(#)865 Cassat Avenue, Jacksonville, FL 32205Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/29/204618.0 18.0 20.2 0.01 %
TC3, LLC(#)1036 Country Street 2945, Tuttle, OK 73089Administrative and Support ServicesTerm LoanPrime plus 2.75%1/29/20315.3 5.3 5.1 — %
Payne's Environmental Services LLC(#)5617 Causeway Blvd., Tampa, FL 33619Administrative and Support ServicesTerm LoanPrime plus 2.75%1/28/2031183.8 183.8 164.2 0.04 %
Jazma Deaungilae Wise(#)110 Golden Pine Rd SW, Austell, GA 30168Personal and Laundry ServicesTerm LoanPrime plus 6.5%1/28/20314.0 4.0 3.9 — %
Chrysalis MSP LLC(#)14550 Torrey Chase Blvd, Suite 110, Houston, TX 77014Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/26/203111.4 11.4 9.6 — %
16
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Travis D. Long dba Pasture Clearing Fencing(#)1205 N Street, Belleville, KS 66935Construction of BuildingsTerm LoanPrime plus 6.5%1/22/20316.2 6.2 6.1 — %
WILD THING ACCOUNTING & TAX LLC(#)805 NE 190th Avenue, Portland, OR 97230Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%1/22/20316.2 6.2 6.1 — %
Greater Vision Healthcare Services, LLC(#)788 Montgomery Avenue, Ocoee, FL 34761Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/22/2046922.2 922.2 982.1 0.27 %
Andrew's Spotless Cleaning, LLC(#)1604 Marcella Drive, Covington, KY 41011Administrative and Support ServicesTerm LoanPrime plus 6.5%1/22/20316.2 6.2 6.1 — %
Nex Computer LLC and Kosmaz Technologies LLC(#)1201 Alta Vista Court, Walnut Creek, CA 94596Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/22/203134.8 34.8 29.3 0.01 %
Wild Wellness LLC(#)151 Lake Street, Lancaster, OH 43130Ambulatory Health Care ServicesTerm LoanPrime plus 6.5%1/22/20312.7 2.7 2.7 — %
Skypie Studio & Crafts LLC(#)933 Mary Ave, Opelousas, LA 70570Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%1/22/20316.0 6.0 5.9 — %
VIIXVII Sewing Studio, LLC(#)277 E Girard Avenue, Philadelphia, PA 19125Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 6.5%1/22/20314.6 4.6 4.5 — %
Inland Empire Spine and Disc Laser, Inc.(#)802 Magnolia Ave, Ste 103, Corona, CA 92879Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/22/203149.7 49.7 43.7 0.01 %
LONDERPASS, INC.(#)108 N Fiore Parkway, Vernon Hills, IL 60061Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%1/21/20316.2 6.2 6.1 — %
Centre for Autism Treatment LLC(#)13090 Sundown Road, Victorville, CA 92392Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%1/20/20316.2 6.2 6.1 — %
R & L Timber, Inc(#)524 Callen Crabb Road, Sagle, ID 83860Forestry and LoggingTerm LoanPrime plus 2.75%1/20/2031236.1 236.1 209.9 0.06 %
Valley Towing & Sons, Inc(#)16 NY-6N, Mahopac, NY 10541Support Activities for TransportationTerm LoanPrime plus 2.75%1/19/203111.6 11.6 9.8 — %
Diamond Ridge Professionals LLC,(#)8629 Mesquite Circle, Magna, UT 84044Construction of BuildingsTerm LoanPrime plus 6.5%1/19/20316.2 6.2 6.1 — %
Austen Felder Holdings LLC dba Austin R Styling(#)23642 Highway 25, Franklinton, LA 70438Personal and Laundry ServicesTerm LoanPrime plus 6.5%1/18/203112.4 12.4 12.2 — %
Metropolitan Neuro Behavioral Institute PLLC(#)4055 W. Chandler Boulevard Suite 5, Chandler, AZ 85226Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/15/2031176.2 176.2 148.6 0.04 %
Retro Rangers LLC and Retro 1951, Inc(#)750 International Parkway #105, Richardson, TX 75081Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%1/15/2031197.0 197.0 165.8 0.05 %
Big Brand Management Ltd. Co and Food Civilization LLC(#)68700 Dinah Shore Drive, Cathedral, CA 92234Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%1/14/2046245.1 245.1 251.3 0.07 %
Tapia Auto Care, LLC dba Shoreline Quick Lube and Car Wash(#)2 Center Road, Old Saybrook, CT 06475Repair and MaintenanceTerm LoanPrime plus 2.75%1/12/203193.0 93.0 88.2 0.02 %
Silx LLC(#)4120 3rd Avenue, Timnath, CO 80525Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/12/20314.5 4.5 3.8 — %
Spring Tavern Inc,Daryn Ray Steinert and Beau Daniel Ritz(#)24401 Aldine Westfield Rd, Spring, TX 77373Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/12/203157.0 57.0 48.3 0.01 %
SAS Integrated, LLC(#)4012 S Rainbow Blvd, Las Vegas, NV 89103Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/12/203122.4 22.4 18.8 0.01 %
17
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

White Pine Logistics, Inc.(#)1281 Cobble Pond Way, Vienna, VA 22182Truck TransportationTerm LoanPrime plus 2.75%1/11/2031394.2 394.2 336.7 0.09 %
Athletic Performance Training Center, LLC(#)12855 York-Delta Drive, North Royalton, OH 44133Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/8/203114.9 14.9 12.6 — %
Westby Grocery LLC(#)212 Main Street, Westby, MT 59275Food and Beverage Stores Term LoanPrime plus 2.75%1/8/204643.7 43.7 43.4 0.01 %
LV Nails & SPA, LLC(#)10050 S Eastern Ave, Henderson, NV 89052Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/31/203066.7 66.7 56.1 0.02 %
M2 Lumber LLC(#)110 Brick House Rd, Laurens, SC 29360Wood Product ManufacturingTerm LoanPrime plus 2.75%12/31/203011.1 11.1 10.2 — %
Inter-Insurance Agency Services, Ltd. and Universal Casualty Risk Rete(#)380 N BRdway, Jericho, NY 11753Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%12/31/2030683.0 683.0 575.1 0.16 %
TNJ Products, Inc.(#)4912 N Lincoln Ave, Ste 101, Chicago, IL 60625Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/31/2030212.4 212.4 184.8 0.05 %
Moran Tax & Accounting LLC(#)128 N Franklin St, Brazil, IN 47834Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/31/204517.4 17.4 18.6 0.01 %
Tissue Plus LLC F/K/A Soft Touch Tissue &Paper, LLC(#)491 Hammond St., Bangor, ME 04401Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/31/2045349.0 349.0 392.4 0.11 %
The Spot Bar & Restaurant LLC(#)10540 State Rte 195, Killeen, TX 76542Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/31/204587.2 87.2 90.7 0.02 %
Hawthorne Food Company dba Eastern Standard Provis(#)117 Beaver St., Waltham, MA 02452Food ManufacturingTerm LoanPrime plus 2.75%12/31/2030864.3 864.3 728.8 0.20 %
Seven C's Manufacturing, Inc(#)3895 Corsair St., Reno, NV 89502Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/31/2030543.3 543.3 501.6 0.14 %
LEILA ZAMIRI, DDS, INC.(#)5828 Cherry Ave., Long Beach, CA 90805Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/31/203074.1 74.1 75.3 0.02 %
Leila Zamiri, DDS, Inc(#)5828 Cherry Ave, Long Beach, CA 90805Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/31/2045155.8 155.8 175.2 0.05 %
Performance Online, Inc(#)1550 Melissa Ct, Corona, CA 92879Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%12/30/2030259.3 259.3 219.0 0.06 %
George Family Cremation and Burial LLC(#)1260 W Mission Ave, Escondido, CA 92029Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/30/2031102.3 102.3 91.6 0.02 %
Trident E&P, LLC(#)320 Circle of Progress, Pottstown, PA 19464Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/30/20301,234.7 1,234.7 1,116.7 0.30 %
Lightstat Inc.(#)22 W West Hill Rd, Barkhamsted, CT 06063Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/30/2030370.4 370.4 366.3 0.10 %
Eppy's Tool & Equipment Warehouse, Inc(#)809 East 42nd St., Brooklyn, NY 11210Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/30/2030257.8 257.8 217.1 0.06 %
Shlama Two LLC dba Village Park Daycare(#)7440 BRdway, Merrillville, IN 46410Social AssistanceTerm LoanPrime plus 2.75%12/30/2045249.3 249.3 266.6 0.07 %
NDRS Construction Inc.dba Disaster(#)18730 Cortez Blvd, Brooksville, FL 34601Construction of BuildingsTerm LoanPrime plus 2.75%12/30/203086.4 86.4 73.1 0.02 %
Vacation Link of Florida, Inc., Island Vacation and Cruises, Inc, Pref(#)501 N Wymore Rd, Winter Park, FL 32789Administrative and Support ServicesTerm LoanPrime plus 2.75%12/30/2030395.1 395.1 413.7 0.11 %
Bourque Sales and Service Inc.(#)9160 Linwood Ave, Shevport, LA 71106Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/30/2045142.6 142.6 160.3 0.04 %
18
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Educare Early Intervention, Corporation(#)4557 S Calumet Ave, Chicago, IL 60653Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/30/203048.5 48.5 40.9 0.01 %
Petroleum Equipment & Services, Inc.(#)5631 Silverado Way, Anchorage, AK 99518Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/30/2030416.1 416.1 356.3 0.10 %
Bourque Sales and Service Inc(#)9160 Linwood Ave3, Shreveport, LA 71106Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/30/2045145.3 145.3 163.4 0.04 %
United Security Specialists, Inc.(#)275 Saratoga Ave. Ste 200, Santa Clara, CA 95050Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/30/2030115.1 115.1 97.0 0.03 %
Center of New England Primary Care Inc(#)775 Center of New New England Blvd, Coventry, RI 02816Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/30/2045420.6 420.6 472.9 0.13 %
Perfect Game Incorporated(#)850 Twixt Town Rd NE, Cedar Rapids, IA 52402Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/30/20301,234.7 1,234.7 1,147.2 0.31 %
SDI Black 011, LLC(#)1091 YONKERS AVE, YONKERS, NY 10704Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/30/2030987.8 987.8 846.7 0.23 %
Center of New England Primary Care Inc, North Providence Urgent Care I(#)775 Centre of New England Blvd, Coventry, RI 02816Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/30/2045453.4 453.4 509.7 0.14 %
Real Estate Personnel, Inc., Tara Matta and Sara Pierce(#)1758 Emerson St., Denver, CO 80218Administrative and Support ServicesTerm LoanPrime plus 2.75%12/30/2030987.8 987.8 831.8 0.23 %
Khangri Sourcing Inc.(#)6021 129th. Ave SE, Bellevue, WA 98006Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/29/2030185.3 185.3 156.1 0.04 %
Bojax Auto Collision Inc(#)4706 Fernlee Ave., Royal Oak, MI 48073Repair and MaintenanceTerm LoanPrime plus 2.75%12/29/2045342.8 342.8 347.6 0.09 %
Litchy Electric L.L.C.(#)4495 W Hacienda Ave, #2, Las Vegas, NV 89118Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/29/203098.8 98.8 84.9 0.02 %
The Mattress Center "LLC"(#)960 Los Vallecitos Blvd, San Marcos, CA 92069Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/29/203022.2 22.2 18.7 0.01 %
E R Kilpatrick, LLC dba Jefferson Street True Value(#)212 Greenwood St., La Grande, OR 97850Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/28/2030142.0 142.0 124.5 0.03 %
Sondra Gayle Insurance Agency Inc.(#)2107 Veterans Memorial Blvd, Metaire, LA 70002Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%12/24/20307.4 7.4 7.3 — %
Pittman Holdings LLC DBA Maple Bourbon(#)1116 E Main St., Richmond, VA 23219Food Services and Drinking PlacesTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.1 — %
SLCP Transport, LLC(#)111 Brentwood Dr, College Station, TX 77840Repair and MaintenanceTerm LoanPrime plus 2.75%12/23/203060.4 60.4 52.6 0.01 %
Summerfield Farm, Inc(#)24 Baker Rd, Pittstown, NJ 08867Support Activities for Agriculture and ForestryTerm LoanPrime plus 2.75%12/23/204558.6 58.6 65.8 0.02 %
Title2Land,LLC(#)11851 Wentling Ave, Baton Rouge, LA 70816Real EstateTerm LoanPrime plus 2.75%12/23/2045112.2 112.2 126.0 0.03 %
NetLevel5 LLC dba Moutain Air Duct(#)4724 Poleplant Dr, Colorado Springs, CO 80918Administrative and Support ServicesTerm LoanPrime plus 2.75%12/23/203016.0 16.0 13.9 — %
Terry A. Humphreys dba Tiki Torch Liquors(#)101 Dallas St., Talihima, OK 74571Food and Beverage Stores Term LoanPrime plus 6.5%12/23/203012.4 12.4 12.1 — %
Spectrum Dynamics, Inc dba Clean Water Works(#)27727 Dalton Bluff Court, Katy, TX 77494Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.1 — %
19
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

KCL Business Service Inc.(#)1042 San Fernando Rd., San Fernando, CA 91340Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.1 — %
UBIF 86 CO dba UBREAKIFIX(#)1539 Town Center Dr, Lakeland, FL 33803Repair and MaintenanceTerm LoanPrime plus 2.75%12/23/203056.6 56.6 47.5 0.01 %
Chris' Angels Cleaning Service LLC(#)2090 Dunwoody Club Dr, Sandy Springs, GA 30350Administrative and Support ServicesTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.1 — %
Southeastern Esthetics Institute, LLC and Pura Medical Spa, Corp, LLC(#)1644 Main St. Ste 1, Columbia, SC 29201Educational ServicesTerm LoanPrime plus 2.75%12/23/2030574.1 574.1 508.8 0.14 %
ASIL Ventures, LLC(#)444 N Michigan Ave, Ste 1200, Chicago, IL 60611Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/22/20304.2 4.2 4.1 — %
US Dedicated LLC(#)13410 SE 26th Cir, Vancouver, WA 98683Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/22/2030216.1 216.1 181.6 0.05 %
Price Educational Services, LLC dba Mathnasium of South OKC(#)10740 S May Ave, Oklahoma City, OK 73170Educational ServicesTerm LoanPrime plus 2.75%12/21/20308.3 8.3 7.3 — %
Lynch Mining LLC(#)7262 West Hunt Hwy, Queen Creek, AZ 85142Mining (except Oil and Gas)Term LoanPrime plus 2.75%12/21/2045363.4 363.4 381.6 0.10 %
N.W.F.F., Inc.(#)687 E. Central Ave, Sutherlin, OR 97479Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/204543.6 43.6 47.7 0.01 %
N.W.F.F., Inc. and Environmental Contracting Solutions, Inc.(#)687 E Central Ave, Sutherlin, OR 97479Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/2030765.5 765.5 675.4 0.18 %
Allied Molded Products, LLC, Clancy 15 LLC, and Crusader 5088, LLC(#)1145 13th Ave East, Palmetto, FL 34221Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/18/2030201.8 201.8 169.6 0.05 %
REST Enterprises Inc dba Upstyled Properties(#)1440 W Taylor St Unit 595, Chicago, IL 60607Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/203014.8 14.8 15.5 — %
Yinlink International Inc(#)2 Corporate Dr, Suiite A, East Windsor, NJ 08512Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/18/2030123.5 123.5 112.2 0.03 %
Katie Cox & Co. LLC(#)6605 Longshore ST, Ste 240, Dublin, OH 43017Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/20307.4 7.4 6.2 — %
Code 3 Apps LLC.(#)843 Tempted Ways Dr, Longmont, CO 80504Publishing Industries (except Internet)Term LoanPrime plus 2.75%12/18/20307.4 7.4 6.2 — %
Giant Development Inc and Crabtree Development Corp(#)509 Pylon Dr, Ste 110, Raleigh, NC 27606Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/18/20301,234.7 1,234.7 1,086.7 0.30 %
AccountPics, LLC(#)903 S WW White Rd, San Antonio, TX 78220Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/204579.8 79.8 87.4 0.02 %
Neeld Rentals Inc dba Mills True Value Hardware(#)205 Clinton Blvd, Clinton, MS 39056Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/18/203011.9 11.9 10.0 — %
RJL Texas International Corporation(#)17401 Triton,, Schertz, TX 78154Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/18/2030271.6 271.6 244.5 0.07 %
Pumpkin Patch Child Care and Early Education Center, LLC(#)310 Grove Beach Rd N, Westbrook, CT 06498Social AssistanceTerm LoanPrime plus 2.75%12/18/2045114.7 114.7 122.6 0.03 %
20
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Horne Chiropractic Center, P.A(#)3820 Mountain Rd, Stes B & C, Pasadena, MD 21122Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/18/203098.8 98.8 83.0 0.02 %
Edgar E. Herrera Garcia, Rocio L. D. Herrera dba Integral Delivery Ser(#)3100 Delaware Ave, Des Moines, IA 50313Truck TransportationTerm LoanPrime plus 2.75%12/18/2045224.3 224.3 240.5 0.07 %
Splashlight Photographic & Digital Studios LLC ,Splashlight Technologi(#)75 Varick St, 3rd Floor, New York, NY 10013Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/20301,234.7 1,234.7 1,045.8 0.29 %
Tahzoo LLC(#)1015 7th St NW, Washington, DC 20001Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/2030766.0 766.0 645.3 0.18 %
Last Touch LLC(#)927 E 10th St, Fairmont, MN 56031Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/18/204551.6 51.6 58.0 0.02 %
People United of Louisiana LLC(#)1401 Hudson Lane, Monroe, LA 71201Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/18/2030148.2 148.2 131.1 0.04 %
Flower City Customs Inc.(#)1805 Tebor Rd, Unit 4, Webster, NY 14580Repair and MaintenanceTerm LoanPrime plus 2.75%12/17/203010.4 10.4 8.7 — %
Yu Chun Chic Naeng Myun Restaurant Inc.(#)1159 Kapiolani Blvd, Honolulu, HI 96814Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/17/203014.8 14.8 12.5 — %
Anthony Connelly Holdings LLC(#)7260 Dean Martin Dr, Ste 800, Las Vegas, NV 89118Nonstore Retailers Term LoanPrime plus 2.75%12/17/2030246.9 246.9 207.5 0.06 %
Carolina Roofing Siding Painting LLC(#)204 Depot St., Camponbello, SC 29322Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/17/204515.0 15.0 15.8 — %
Savannah Area Language & Culture Exchange, LLC(#)6 Dovetail Crossing, Savannah, GA 31419Educational ServicesTerm LoanPrime plus 6.5%12/16/203012.4 12.4 12.1 — %
David M. Benson LLC(#)1422 Euclid Ave, Cleveland, OH 44115Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/16/203012.4 12.4 12.1 — %
McFarlin, LLP(#)4 Park Plz Ste 1025, Irvine, CA 92614Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/16/2030172.9 172.9 145.3 0.04 %
Signature Graphic LLC(#)14425 N 79th St, Ste B, Scottsdale, AZ 85260Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/16/203084.2 84.2 70.8 0.02 %
Vege Investments, LLC dba Sunoco Homestead(#)26400 SW 177th Ave, Homestead, FL 33031Gasoline Stations Term LoanPrime plus 6.5%12/16/203012.4 12.4 12.1 — %
Highstar Travel Group, LLC(#)2869 Wilshire Dr, Ste 204, Orlando, FL 32835Administrative and Support ServicesTerm LoanPrime plus 2.75%12/16/203022.2 22.2 18.7 0.01 %
Last Minute Effects Inc.(#)1016 Hamline Place, Burbank, CA 91504Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%12/15/203014.8 14.8 12.9 — %
Efficient, Fast & Good Cleaning Services Inc(#)2444 NW 177th Terrace, Miami Gardens, FL 33056Administrative and Support ServicesTerm LoanPrime plus 2.75%12/14/20307.4 7.4 6.5 — %
Corple Enterprisees Inc(#)17887 US Hwy 380 West, Ponder, TX 76259Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%12/14/203061.7 61.7 52.3 0.01 %
Vector Utilities LLC(#)8501 San Gabriel Dr, Laredo, TX 78045Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/14/2030370.4 370.4 354.1 0.10 %
Droplette Marketing Co(#)6481 Orangethorpe Ave. Ste. 12, Buena Park, CA 90620Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/14/20306.7 6.7 6.0 — %
Aeromax Industries Inc(#)1310 Ranchers Legacy Trail, Fort Worth, TX 76126Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%12/14/2030172.9 172.9 145.3 0.04 %
21
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Accommodating Financial & Tax Services, LLC(#)1642 Ralston Circle, Toledo, OH 43623Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/14/204542.2 42.2 46.4 0.01 %
Jamali LLC dba Saahten(#)2741 Raceway Fairfield West, Pensacola, FL 32505Food Services and Drinking PlacesTerm LoanPrime plus 6.5%12/11/203012.4 12.4 12.1 — %
TJ Pant LLC and Tailored Cartage LLC(#)25993 US 12, Sturgis, MI 49091Truck TransportationTerm LoanPrime plus 2.75%12/11/203085.2 85.2 83.1 0.02 %
Donald W. Harris dba Bowman Creek Mini Storage(#)1625 US-59 N, Linden, TX 75563Warehousing and StorageTerm LoanPrime plus 6.5%12/11/203012.4 12.4 12.1 — %
Shattered Prism LLC(#)3333 BRdway, New York, NY 10031Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%12/11/20307.4 7.4 7.7 — %
Premium Marketing Co. Inc. dba Vera Moore Cosmetics(#)4 Shadow Lane, Woodbury, NY 11797Health and Personal Care Stores Term LoanPrime plus 2.75%12/11/203022.2 22.2 19.1 0.01 %
LTD Broadband, LLC(#)69 Teahouse St, Las Vegas, NV 89138TelecommunicationsTerm LoanPrime plus 2.75%12/10/20301,234.7 1,234.7 1,123.8 0.31 %
Inner Beauty Salon and Suite LLC(#)825 Beecher St SW, Atlanta, GA 30310Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/10/204564.8 64.8 72.8 0.02 %
Just In Time Refrigeration LLC(#)6400 EDNA TAYLOR PKWY, MONONA, WI 53716Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/10/2045232.3 232.3 239.0 0.07 %
M-Den, Inc(#)315 S. Main St., Ann Arbor, MI 48104Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%12/10/20301,135.9 1,135.9 1,092.6 0.30 %
LBR Partners LLC dba Techy(#)16430 Good Hearth Blouvard, Clermont, FL 34711Repair and MaintenanceTerm LoanPrime plus 2.75%12/9/203044.5 44.5 37.4 0.01 %
HWH Unlimited, Inc.(#)43386 Business Park Dr, Temecula, CA 92590Real EstateTerm LoanPrime plus 2.75%12/9/203074.1 74.1 77.5 0.02 %
Zebra House Coffee, LLC(#)1001 S El Camino Real, San Clemente, CA 92672Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/9/203044.4 44.4 37.4 0.01 %
Tortuga Backpacks LLC(#)340 South Lemon Ave, 7616, Walnut, CA 91789Nonstore Retailers Term LoanPrime plus 2.75%12/8/203049.4 49.4 41.5 0.01 %
CashLine Solutions, LLC(#)467741 E 1050 Rd, Sallisaw, OK 74955Administrative and Support ServicesTerm LoanPrime plus 2.75%12/7/203011.9 11.9 10.0 — %
Northeast Coverages Inc. and Southeast Coverages Inc.(#)910 Franklin Ave, Ste 210, Garden City, NY 11530Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%12/7/2030167.9 167.9 175.6 0.05 %
Robert F. Johnson, Jr., dba R. Johnson Craftsmanship(#)346 Spring Garden Rd, Milford, NJ 08848Specialty Trade ContractorsTerm LoanPrime plus 6.5%12/4/203010.0 10.0 9.8 — %
Paradise RV Sales and Rentals LLC(#)7960 Dorchester Rd, North Charleston, SC 29418Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/4/20306.8 6.8 5.7 — %
Combs Creative LLC(#)157 Antler Ridge Circle,, Nashville, TN 37214Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/4/20305.4 5.4 5.3 — %
Travel with Love, LLC dba Style & The Storyteller(#)8465 W Sahara Ave, Ste 111, Las Vegas, NV 89117Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/4/20305.0 5.0 4.8 — %
Indecon Builders Inc(#)1382 Valencia Ave, Ste N, Tustin, CA 92780Construction of BuildingsTerm LoanPrime plus 2.75%12/4/203049.4 49.4 41.5 0.01 %
22
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Perez Law Office, PLLC(#)80 N McClintock Dr, Chandler, AZ 85226Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/4/204567.3 67.3 75.6 0.02 %
Pacific Contours Corp(#)5340 E Hunter Ave, Anaheim, CA 92807Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%12/4/2030965.7 965.7 979.2 0.27 %
SME Business Services LLC(#)930 Chesaco Ave, Rosedale, MD 21237Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/3/203022.2 22.2 18.7 0.01 %
Moxie Marketing, LLC(#)51 Lee Dr, Palm Coast, FL 32137Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/3/2030123.5 123.5 103.8 0.03 %
Tina D. Coker DBA Diane's Accounting Service(#)119 E Haywood St, England, AR 72046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/3/203012.4 12.4 12.1 — %
Staffhink Limited dba Barn Owl Drone Services(#)4283 Deerfield Hills Rd, Colorado Springs, CO 80916Data Processing, Hosting, and Related ServicesTerm LoanPrime plus 2.75%12/3/20305.2 5.2 4.8 — %
American Retail Properties, Inc.(#)125 Main St. 2nd Floor, Reading, MA 01867Real EstateTerm LoanPrime plus 2.75%11/30/203022.1 22.1 18.6 0.01 %
Jonathan J Klaczik LLC dba Veterans Fence Company(#)7417 Dover Lane, Parma, OH 44130Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/27/203022.1 22.1 19.8 0.01 %
Segreti Law Office, A Professional Corporation(#)350 10th Ave,Ste 1000, San Diego, CA 92101Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/27/203018.4 18.4 15.6 — %
Hartley S Johnson & Son, Inc. dba Mark T. Wendell Tea(#)14a Craig Rd, Acton, MA 01720Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/27/203039.3 39.3 33.3 0.01 %
LIAISON STAINLESS INC(#)630 James Lee Dr NW, Suwanee, GA 30024Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/25/203073.6 73.6 61.9 0.02 %
The Alder SmokeHouse LLC(#)1055 Virginia Ave, North Bend, OR 97459Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/25/203011.1 11.1 11.6 — %
Next Level Detailing, LLC(#)3235 Odeon Way, Ste 201-203, Acworth, GA 30102Repair and MaintenanceTerm LoanPrime plus 2.75%11/24/20307.4 7.4 6.2 — %
Dearly LOved Counseling, L.L.C(#)14052 N Dale Mabry Hwy, Ste 215, Tampa, FL 33618Social AssistanceTerm LoanPrime plus 6.5%11/24/203012.3 12.3 12.1 — %
Ellis Apex LLC dba Inage360 Marietta(#)2060 Franklin Way SE, Ste 150, Marietta, GA 30067Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%11/24/203090.6 90.6 76.6 0.02 %
Flex Beauty Labs, LLC(#)7512 Dr. Phillip Blvd, Orlando, FL 32819Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 6.5%11/24/203012.3 12.3 12.1 — %
Kendra Leigh Boyer, CPA(#)5068 Dupont Court E, Santa Rosa, CA 95409Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%11/20/203012.3 12.3 12.1 — %
Thompson Enterprises of Florida LLC dba TCBY FROZEN YOGURT(#)14543 SW 5th St., Pembroke Pines, FL 33027Food and Beverage Stores Term LoanPrime plus 2.75%11/20/203014.4 14.4 12.1 — %
Prosperity Tool, Inc(#)2006 National Guard Dr, Plant City, FL 33563Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/19/2045298.7 298.7 333.8 0.09 %
Green Farm Inc dba Farmers Outlet(#)1018 W SR 424 Ste 100, Longwood, FL 32750Food and Beverage Stores Term LoanPrime plus 6.5%11/19/203012.3 12.3 12.1 — %
The Number Masters(#)3325 Highland St., Grove City, OH 43123Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/18/203017.1 17.1 14.4 — %
Italian Heritage Tile and Stone Inc(#)4725 Morgan Territory Rd, Clayton, CA 94517Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/18/203077.3 77.3 65.0 0.02 %
23
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

T.S.I.-VA, LLC and Alpha Business Services Inc.(#)2525 Pointe Center Court, Ste 200, Dumfries, VA 22026Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/17/2030107.5 107.5 90.3 0.02 %
Master Printing and Signs Corp & Artishirt Co.(#)386 Squire Rd, Revere, MA 02151Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%11/10/2045200.1 200.1 217.4 0.06 %
Modutech Marine Inc(#)2218 Marine View Dr, Tacoma, WA 98422Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%11/9/2030392.6 392.6 410.6 0.11 %
Paws For Health of Florida LLC(#)4588 Ashton Rd, Sarasota, FL 34233Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/5/203056.4 56.4 47.5 0.01 %
Protek Pest Control Inc, Protek Nurseries LLC & Protek Irrigation LLC(#)8712 60th Terrace South, Lake Worth, FL 33467Administrative and Support ServicesTerm LoanPrime plus 2.75%11/4/203051.5 51.5 45.2 0.01 %
GoodGuyS Enterprises Inc dba Goodguys;Good Guy Enterprises;Good Guys(#)1071 Serpentine Lane, Pleasanton, CA 94566Administrative and Support ServicesTerm LoanPrime plus 2.75%11/4/2030490.8 490.8 513.2 0.14 %
Supersonic Cleaning Services Inc(#)36 Seitz Terrace, Arlington, NY 12603Administrative and Support ServicesTerm LoanPrime plus 2.75%10/29/203037.8 37.8 32.3 0.01 %
Third Day Lubes, Inc.(#)450 GA- 53, Calhoun, GA 30701Repair and MaintenanceTerm LoanPrime plus 2.75%10/28/203021.9 21.9 22.9 0.01 %
Marcus Horn dba Versatile Styles and Cuts(#)2018 24th Ave, Meridian, MS 39301Personal and Laundry ServicesTerm LoanPrime plus 2.75%10/15/204510.4 10.4 11.1 — %
RYAN & CONLON, LLP(#)2 Wall St, Apt 710, New York, NY 10005Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/14/2030512.1 512.1 430.4 0.12 %
Shades of U, Inc. dba Diva by Cindy(#)15212 Hanover Pike, Upperco, MD 21155Health and Personal Care Stores Term LoanPrime plus 2.75%10/9/204589.6 89.6 96.0 0.03 %
VIP Lawn Care Services LLC dba VIP Services(#)3875 Fay Blvd, Cocoa, FL 32927Administrative and Support ServicesTerm LoanPrime plus 2.75%10/8/203018.6 18.6 15.8 — %
Snow Lodge, LLC(#)115 County Rd 725, Sweeny, TX 77480AccommodationTerm LoanPrime plus 2.75%10/8/204549.8 49.8 54.9 0.01 %
KTF Consulting Corp(#)2471 N Geneva Terrace, Chicago, IL 60614Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/6/203073.2 73.2 76.5 0.02 %
The Hall at the Yard LLC dba The Hall on the Yard(#)1412 Alden Rd, Orlando, FL 32803Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/2/2031526.3 526.3 447.6 0.12 %
South Park Hardware, LLC(#)16074 South Park Ave, South Holland, IL 60473Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%9/25/204574.5 74.5 83.3 0.02 %
Babys on Broadway LLC(#)47 East BRdway, Little Falls, MN 56345Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%9/25/203072.9 72.9 62.2 0.02 %
7PSolutions, LLC(#)136 North Van Buren St., Nashville, IN 47448Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/25/203048.6 48.6 40.7 0.01 %
Hazleton Oil & Environmental, Inc(#)300 Tamaqua St., Hazleton, PA 18201Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/25/20451,078.7 1,078.7 1,194.3 0.33 %
Resolve Tech Solutions Inc(#)15851 Dallas Pkwy, Ste 1103, Addison, TX 75001Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/24/2030729.0 729.0 658.9 0.18 %
Blakeslee Arpaia Chapman, Inc and Chapman Construction Services, LLC(#)200 North Branford Rd, Branford, CT 06405Construction of BuildingsTerm LoanPrime plus 2.75%9/24/2030364.4 364.4 350.8 0.10 %
 BulkMore LLC(#)12741 Ocean Gateway, Ocean City, MD 21842Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/18/2030146.7 146.7 126.9 0.03 %
24
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Mister Dexters LTD dba Shuga's(#)702 S Cascade Ave, Colorado Springs, CO 80903Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/28/2030177.4 177.4 147.6 0.04 %
Mister Dexters LTD dba Shuga's(#)702 S. Cascade Ave, Colorado Springs, CO 80903Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/28/204557.1 57.1 60.4 0.02 %
Heriz Gallery Inc dba Pineville Rug Gallery(#)312 Main St., Pineville, NC 28134Textile Product MillsTerm LoanPrime plus 2.75%4/6/204598.1 98.1 105.2 0.03 %
Alliance Heating & Air Conditioning, Inc.(#)10 Brookfield Ave, Bridgeport, CT 06610Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/6/2030709.3 709.3 592.0 0.16 %
Terry & Tammy Jacobsen, Inc.dba Appliance Recycling Outlet(#)10105 Airport Way, Snohomish, WA 98296Electronics and Appliance Stores Term LoanPrime plus 2.75%4/3/2045833.7 833.7 856.5 0.23 %
Terry and Tammy Jacobsen, Inc dba Appliance Recycling(#)10105 Airport Way, Snohomish, WA 98296Electronics and Appliance Stores Term LoanPrime plus 2.75%4/3/2030317.9 317.9 263.9 0.07 %
Profit Stewards, LLC(#)458 Schuylkill Rd, Phoenixville, PA 19460Repair and MaintenanceTerm LoanPrime plus 2.75%4/2/203040.9 40.9 35.0 0.01 %
AOC Key Solutions, Inc(#)14420 Albemarle Point Place, Ste 200, Chantilly, VA 20151Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/2/2030696.2 696.2 647.4 0.18 %
Caplan Home Care, LLC(#)6029 Berkshire Lane, Dallas, TX 75225Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/1/2045864.2 864.2 901.9 0.25 %
Montana Custom Log Homes, Inc.(#)2036 US Hwy 93 North, Victor, MT 59875Wood Product ManufacturingTerm LoanPrime plus 2.75%3/31/2045360.7 360.7 396.3 0.11 %
JS Randhawa, Inc. dba Deli Delicious 34, SK Randhawa Inc. HSR Inc & R(#)570 W Olive Ave,, Merced, CA 95348Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/31/203093.3 93.3 83.9 0.02 %
Blackwater Diving LLC(#)112 Forrest Rd, Morgan City, LA 70380Support Activities for MiningTerm LoanPrime plus 2.75%3/30/2030347.9 347.9 307.6 0.08 %
Suburban Transmission of Northern Illinois, Inc.(#)1714 E Oakton St, Des Plaines, IL 60018Repair and MaintenanceTerm LoanPrime plus 2.75%3/27/2045147.7 147.7 163.1 0.04 %
Tomco Inc. dba Rental City dba Tomco Equiptment Sales(#)6470 State St., Saginaw, MI 48603Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/27/203021.0 21.0 17.4 — %
Dunaway and Hart, Inc(#)575 Harkrider St., Conway, AR 72032Real EstateTerm LoanPrime plus 2.75%3/26/203046.7 46.7 38.7 0.01 %
Supermarket Source, Inc(#)2741 West 76th St., Hialeah, FL 33016Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/24/2030198.3 198.3 205.7 0.06 %
Kris-Leigh Catered Living at Severna Park,LLC(#)831 Richie Hwy, Severna Park, MD 21146Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%3/20/2030494.6 494.6 513.1 0.14 %
Patoruzu Inc dba Sharkey's Cuts for Kids(#)18121 Tuckerton Rd, Ste 130, Cypress, TX 77433Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/20/203012.7 12.7 10.5 — %
Firefly Developement LLC dba Firefly Earthworks(#)4810 Vicksburg St., Dallas, TX 75207Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/19/2045294.4 294.4 298.3 0.08 %
Coffeestamp LLC(#)2511 S Jefferson Ave, St. Louis, MO 63104Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/17/20304.2 4.2 3.8 — %
Forest Scientific Corporation(#)668 Elm St., Tionesta, PA 16353Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/17/203070.0 70.0 72.6 0.02 %
Mid Ohio Hospitality, LLC dba Bucks Bar and Grill(#)192 E Main St, Mansfield, OH 44904Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/17/2045225.7 225.7 251.8 0.07 %
25
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Kanga Lean, Inc. dba F45 Training Trinity(#)3139 Little Rd Space A-5, Trinity, FL 34655Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/16/203053.9 53.9 47.0 0.01 %
Integrated Equipment Inc; Intergrated Elastomers Inc(#)5701 Brittmoore Rd, Houston, TX 77041Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/13/20451,238.7 1,238.7 1,381.7 0.38 %
Stretch of NW Georgia, LLC dba Stretch Zone(#)1430 Towne Lake Parkway, Ste 26100, Woodstock, GA 30189Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/13/203013.7 13.7 11.4 — %
Astoria-Pacific Inc(#)15130 SE 82nd Dr, Clackamas, OR 97015Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%3/13/2030116.7 116.7 121.0 0.03 %
Signet Media dba Signet Media inc.(#)630 S 1st St, San Jose, CA 95113Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/13/2030320.0 320.0 331.9 0.09 %
Mark Allen Taylor dba Taylor Auction(#)20 & 68 Westfield Rd, Nicholls, GA 31554Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/13/2030129.7 129.7 114.7 0.03 %
Native Fields Landscaping LLC and My Two Girls LLC(#)73 Taylor Rd, Wharton, NJ 07885Administrative and Support ServicesTerm LoanPrime plus 2.75%12/13/2045524.8 524.8 540.8 0.15 %
Rapid Trucking(#)4225 W Capitol Ave, West Sacramento, CA 95691Truck TransportationTerm LoanPrime plus 2.75%3/13/2045750.9 750.9 837.6 0.23 %
GQ Investments LLC(#)5772 Miami Lakes Dr, Miami Lakes, FL 33014Electrical Equipment, Appliance, and Component ManufacturingTerm LoanPrime plus 2.75%3/12/2030140.0 140.0 116.0 0.03 %
C3 Capital, Inc(#)10010 North Hampton Cove Lane, Indianapolis, IN 46236Nonstore Retailers Term LoanPrime plus 2.75%3/11/2030528.4 528.4 522.7 0.14 %
Blue Dot Trading Inc(#)3100 NW 72nd Ave, Miami, FL 33122Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/10/203052.5 52.5 43.5 0.01 %
Quarles Service Systems, Inc.(#)1740 September Ave, Memphis, TN 38116Administrative and Support ServicesTerm LoanPrime plus 2.75%3/10/204594.7 94.7 99.3 0.03 %
The Ugly Mug's Coffee and Tea Inc.(#)1390 BRdway Ste C, Placerville, CA 95667Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/9/203035.6 35.6 29.5 0.01 %
Peter & Suzanne Scott, Inc., Phillip Showen & Bryan Phelan(#)2342 NY- 37, Port Covington, NY 12937Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/6/2030130.6 130.6 128.2 0.03 %
KR Enterprises, Inc. dba Carriage Inn(#)1065 Tower Hill Rd, North Kingstown, RI 02852AccommodationTerm LoanPrime plus 2.75%3/6/2045315.1 315.1 327.0 0.09 %
Outcome Driven Innovation dba Spracht; Celltek, ODI, ODI Security(#)974 Commercial St, Palo Alto, CA 94303Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/6/2030359.5 359.5 297.9 0.08 %
Advans IT Services, Inc.(#)65 Boston Post Rd W Ste 390, Marlborough, MA 01752Other Information ServicesTerm LoanPrime plus 2.75%3/6/2030116.6 116.6 96.7 0.03 %
Big Brand Management LTD. CO. dba Ivox Media(#)512 E 11th St, Houston, TX 77008Real EstateTerm LoanPrime plus 2.75%3/6/203061.8 61.8 58.3 0.02 %
Minifox Inc. dba Pho Hoa and Jazen Tea(#)10624 South Eastern Ave Stes R & S, Hendersen, NV 89502Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/5/203070.0 70.0 59.0 0.02 %
Jones Roger Sherman Inn, Inc. dba Jones Roger Sherman Inn(#)195 Oenoke Ridge, New Canaan, CT 06840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/4/203027.0 27.0 28.1 0.01 %
Chet Lemon Enterprises, Inc. dba All American Sports(#)1544 Lane Park Cut off, Tavares, FL 32778Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/3/2031219.7 219.7 229.2 0.06 %
26
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

14th State Learning, LLC dba Sylvan Learning, LLC(#)1 Market Pl #10, Essex Junction, VA 05452Educational ServicesTerm LoanPrime plus 2.75%3/2/203048.0 48.0 40.2 0.01 %
Toju Bay Inc. dba Fiesta Americana Restaurand and Club(#)1622-1624 N. Mannheim Rd, Stone Park, IL 60165Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/2045448.5 448.5 487.4 0.13 %
LCSM Logistics Inc(#)15735 Spectrum Dr, Addison, TX 75001Couriers and MessengersTerm LoanPrime plus 2.75%2/28/203078.7 78.7 65.2 0.02 %
Custom Garages(#)110 2nd Ave South, Pacheco, CA 94553Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/28/2030128.4 128.4 111.4 0.03 %
Crux Solutions LLC dba Waddell's Riverside Funeral Directors(#)6938 Westover St., Houston, TX 77087Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/27/204579.6 79.6 84.7 0.02 %
Breakers Electric, LLC dba Merrill Sports(#)13600 Mustang Dr, Mead, CO 80542Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/27/20309.7 9.7 8.1 — %
GRSC, Inc.(#)1643 NW Dove Ct, Stuart, FL 34994Construction of BuildingsTerm LoanPrime plus 2.75%2/27/203020.8 20.8 18.6 0.01 %
M & L ENTERPRIZES, LLC(#)2401 Wrightsville Ave, Wilmington, NC 28403Food and Beverage Stores Term LoanPrime plus 2.75%2/26/203046.3 46.3 48.0 0.01 %
Feras Alshadaida dba Allura Dairy(#)8809 N Grove Ave, Rancho Cucamonga, CA 91730Food and Beverage Stores Term LoanPrime plus 2.75%2/26/203056.0 56.0 48.5 0.01 %
Abe Chahrour Investment, LLC(#)4001 S Wayne Rd, Wayne, MI 48154Administrative and Support ServicesTerm LoanPrime plus 2.75%2/25/204521.8 21.8 24.3 0.01 %
Skimino Enterprises LLC(#)197 Ewell Rd, Williamsburg, VA 23188Support Activities for TransportationTerm LoanPrime plus 2.75%2/21/203069.4 69.4 57.6 0.02 %
Bell Oak LLC dba Bell Oak Academy & Paradise Strategics LLC(#)7215 Waelti Dr, Melbourne, FL 32940Social AssistanceTerm LoanPrime plus 2.75%2/21/2045374.1 374.1 376.3 0.10 %
Sherwood Sporthorses Inc.(#)20502 Forestview, Magnolia, TX 77355Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/21/2046307.9 307.9 332.0 0.09 %
Bora Enterprises, LLC(#)44255-B Fremont Blvd,, Fremont, CA 94538Truck TransportationTerm LoanPrime plus 2.75%2/21/203011.7 11.7 9.7 — %
Alex Roit Chiropractic, P. C(#)55 Northern Blvd, Ste 103, Great Neck, NY 11021Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/19/203018.5 18.5 15.3 — %
Little Feet Academy of Jacksonville, LLC(#)10265 Normandy Blvd, Jacksonville, FL 32221Social AssistanceTerm LoanPrime plus 2.75%2/17/204546.4 46.4 47.6 0.01 %
All Modes Transportation & Logistics LLC(#)4313 Collingtree Dr, Rockledge, FL 32955Support Activities for TransportationTerm LoanPrime plus 6.5%2/14/203011.7 11.7 11.2 — %
Romo Medical Equiptment LLC(#)3453 North Panam Expressway, San Antonio, TX 78219Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%2/14/2030462.8 462.8 383.6 0.10 %
Lesher Transportation and Shipping, LLC(#)116 North Austin St., Oak Grove, MO 64075Truck TransportationTerm LoanPrime plus 2.75%2/13/203013.2 13.2 12.6 — %
Red Rock Government Serviice, LLC(#)45240 Business Court, Sterling, VA 20166Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/13/2030158.5 158.5 146.3 0.04 %
Shaw, Ltd dba Fitness 1440 North Coventry(#)54-58 Glocker Way, Pottstown, PA 19465Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/13/203056.2 56.2 49.3 0.01 %
Damiano Global Corp.(#)333 Birch Hills Dr, Rochester, NY 14622Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/10/203046.3 46.3 38.4 0.01 %
27
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Fortson Janitorial Inc(#)462-482 Chattahoochee St., Cornelia, GA 30531Nonstore Retailers Term LoanPrime plus 2.75%2/5/2045105.7 105.7 117.9 0.03 %
2'N1 Home and lawn LLC dba N1 Home an Lawn LLC(#)1300 Ridenour Blvd, Kennesaw, GA 30152Administrative and Support ServicesTerm LoanPrime plus 6.5%2/3/203011.7 11.7 11.2 — %
A1 Radon Services, LLC(#)9980 Dell Rd, Eden Prairie, MN 55347Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%1/31/203082.5 82.5 68.4 0.02 %
Thisaflycloset, LC(#)12408 Kingsview St., Bowie, MD 20721Clothing and Clothing Accessories Stores Term LoanPrime plus 6.5%1/30/203011.7 11.7 11.1 — %
Adorable Home Heath Care LLC(#)6110 W Capitol Dr, Milwaukee, WI 53216Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/30/203038.6 38.6 32.0 0.01 %
Daftarnow Inc dba Venture X Parsippany(#)8 Campus Dr. Ste 105, Parsippany, NJ 07054Real EstateTerm LoanPrime plus 2.75%7/30/2030178.1 178.1 148.1 0.04 %
Spinnaker PSL Inc., Spinnaker Subs- N-Shine& Spinnaker Vero Inc(#)6967 Hancock Dr, Port St Lucie, FL 34952Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%1/30/2045310.7 310.7 315.5 0.09 %
3 Fat Labs Inc. and Energy Conservation Solution Inc.(#)2001 S County Rd 400 W, Greencastle, IN 46135Rental and Leasing ServicesTerm LoanPrime plus 2.75%1/30/2045276.1 276.1 285.7 0.08 %
Codame Enterprises LLC dba Firehouse Subs(#)1547 Main St., Dunedin, FL 34698Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/29/203097.3 97.3 80.6 0.02 %
Havana Knights LLC(#)65 Lindsey Lane, Havana, FL 32333Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/27/203036.3 36.3 32.7 0.01 %
Amina Financial Solutions LLC dba Expat Tax Solutions(#)1433 Chestnut St., Macon, GA 31201Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/24/203019.3 19.3 16.0 — %
Affinity Integrated Solutions Inc.(#)115 Pomona Dr, Greensboro, NC 27402Administrative and Support ServicesTerm LoanPrime plus 2.75%1/23/2045294.5 294.5 304.6 0.08 %
Affinity Integrated Solutions Inc(#)115 Pomona Dr, Greensboro, NC 27407Administrative and Support ServicesTerm LoanPrime plus 2.75%1/23/2030206.9 206.9 171.5 0.05 %
Align Sports Management, LLC(#)15822 Caminito Cantaras, Del Mar, CA 92014Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%1/22/203020.7 20.7 17.3 — %
Emmalina LLC(#)3602 Rock Bay Dr, Louisville, KY 40245Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/21/20305.9 5.9 5.6 — %
Motorsport Imagery, Inc(#)16362 Cherokee Rd, Brooksville, FL 34601Apparel ManufacturingTerm LoanPrime plus 2.75%1/17/203020.7 20.7 18.4 0.01 %
Lyon Cubs LLC dba Dayton Valley Learning Center(#)357 Dayton Valley Rd, Dayton, NV 89403Social AssistanceTerm LoanPrime plus 2.75%1/16/2045164.8 164.8 170.9 0.05 %
VetMed LLC(#)908 4th Ave, Decatur, AL 35601Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/10/203080.5 80.5 66.7 0.02 %
Jordi X Kellogg, M.D.,P.C(#)9200 SE 91st Ave STE 340, Happy Valley, OR 97086Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/10/203057.5 57.5 47.6 0.01 %
Luster Custom Homes LLC(#)18801 North Thompson Peak Parkway, Ste 240, Scottsdale, AZ 85255Construction of BuildingsTerm LoanPrime plus 2.75%1/10/203042.5 42.5 35.2 0.01 %
CV Flores LLC dba A All Animal Control(#)2140 E Southlake Blvd L-503, Southlake, TX 76092Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/9/20305.0 5.0 4.3 — %
Bearwaters Brewing Company(#)101 Park St, Canton, NC 28716Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/31/2044252.5 252.5 272.0 0.07 %
28
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Pecos Entertainment LLC dba State Theater(#)421 South Oak St, Pecos, TX 79772Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%12/31/2029123.6 123.6 128.2 0.03 %
Global Information Technology, Inc(#)1 Cragwood Rd, Ste 101, South Plainfield, NJ 07080Administrative and Support ServicesTerm LoanPrime plus 2.75%12/31/2029518.3 518.3 429.6 0.12 %
Nick's Country Kitchen, LLC(#)3 Flanders Rd, Bethlehem, CT 06751Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/31/2044281.8 281.8 296.8 0.08 %
Kiddie Garden Child Development Center, LLC(#)2809 W. Atkinson Ave, Milwaukee, WI 53209Social AssistanceTerm LoanPrime plus 2.75%12/30/204442.2 42.2 45.4 0.01 %
Spinnaker Vero Inc.(#)983 12th St., Vero Beach, FL 32960Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%12/30/2044772.8 772.8 776.2 0.21 %
Larry J. Frick dba L & S Trucking(#)157571 E Wausau Ave, Wausau, WI 54403Truck TransportationTerm LoanPrime plus 2.75%12/30/202945.2 45.2 40.6 0.01 %
Home Decor Liquidators, LLC dba Home Decor Outlets;Home Decor Mattress(#)8780 Pershall Rd, Hazelwood, MO 63042Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/30/2029930.6 930.6 802.7 0.22 %
Vance Ewing LLC(#)22940 Harlan Ln, St. Robert, MO 65584Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/30/2029102.8 102.8 106.6 0.03 %
VIP Construction Group Inc.(#)3332 W Mulberry Dr, Mequon, WI 53092Construction of BuildingsTerm LoanPrime plus 2.75%12/30/202957.1 57.1 59.2 0.02 %
Jauchem & Meeh Inc.dba Gregory Meeh Design;Jermy Chernick Design;J&M S(#)524 Sackett St., Brooklyn, NY 11217Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/30/2029251.2 251.2 235.3 0.06 %
Dilpreet Hundal dba Kwik Stop(#)1001 Sacramento Ave, West Sacramento, CA 95605Gasoline Stations Term LoanPrime plus 2.75%12/30/2044237.2 237.2 244.0 0.07 %
K&S Hardware LLC dba Gopher Ace(#)1865 Wayzata Blvd, Long Lake, MN 55356Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/27/202957.1 57.1 54.9 0.01 %
Protek Pest Control, Inc. Pro-tek Nurseries LLC, Pro-Tek Irrigation(#)8712 60TH TER South, Lake Worth, FL 33467Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2044139.7 139.7 152.8 0.04 %
Mankamana Holdings, LLc dba Perfect Brow Art, Mankamana Holdings, LLC(#)7302 Kirby Ave, Lubbock, TX 79424Gasoline Stations Term LoanPrime plus 2.75%12/27/2029125.6 125.6 117.3 0.03 %
Irony LLC dba Mulberry’s Garment Care(#)2579 Fairview Ave North, Roseville, MN 55113Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/27/2029977.4 977.4 816.0 0.22 %
Tatoo Tony's Under My Skin LLC(#)73 Memorial Parkway, Atlantic Highlands, NJ 07716Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/27/204498.0 98.0 109.4 0.03 %
QXC Communications, Inc(#)4541 N Dixie Hwy, Boca Raton, FL 33431TelecommunicationsTerm LoanPrime plus 2.75%12/27/2029479.5 479.5 396.7 0.11 %
Pro-Tek Pest Control, Inc, Pro-Tek Nurseries, LLC, Pro-Tek Irrigation(#)8712 60th Terrace South, Lake Worth, FL 33467Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2029170.1 170.1 148.7 0.04 %
American Landscaping Company and Ground Effects Landscaping, LLC(#)6151 A St., Anchorage, AK 99518Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2044619.9 619.9 679.9 0.19 %
American Landscaping Company(#)6151 S St., Anchorage, AK 99518Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2029294.6 294.6 285.3 0.08 %
29
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

313 Air Duct LLC Dba Jouny Cleaning Services, M & J Restoration Emerge(#)25150 W Warren Ave., Dearborn Heights, MI 48127Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2044245.1 245.1 260.0 0.07 %
313 Air Duck LLC dba Jouny Cleaning Services, M & J Restoration Emerge(#)25150 W Warren Ave., Dearborn Heights, MI 48127Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2029148.0 148.0 132.5 0.04 %
Watearth Inc(#)3371 Glendale Blvd Ste 208, Los Angeles, CA 90039Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/27/202942.7 42.7 35.3 0.01 %
A Family Member Homecare Group Inc, A Family Member Homecare Holdings,(#)11788 Sample Rd, Coral Springs, FL 33065Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/27/2044117.0 117.0 120.7 0.03 %
Bhatti LLC 2, Bhatti LLC(#)1451 Coral Ridge Ave, Coralville, IA 52241Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/26/2029102.8 102.8 87.6 0.02 %
Icebox Cafe L.C. and Icebox Pantry, LLC(#)219 NE 3rd St., Hallendale Beach, FL 33009Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/26/2030418.5 418.5 365.6 0.10 %
Richwood Enterprises, LLC, Richwood Transport LLC, Richwood Transport(#)2564 Branch St., Middleton, WI 53562Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%12/24/2029322.2 322.2 290.2 0.08 %
Synergistic-Designs, LLC(#)493 Wilson Mill Rd, New Wilmington, PA 16142Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/24/20296.8 6.8 5.7 — %
Ink! Coffee Company(#)2851 Larimer St., Denver, CO 80205Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/24/2029483.1 483.1 399.7 0.11 %
The Lamkin Group LLC and National Championship Enterprises LLC(#)901 Lily Creek Rd, Ste 102, Louisville, KY 40243Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/23/2029609.7 609.7 505.3 0.14 %
512 E 11th Street LLC and Big Brand Management Ltd. Co.(#)512 E 11th St, Houston, TX 77008Real EstateTerm LoanPrime plus 2.75%12/23/2044327.2 327.2 354.7 0.10 %
Aitheras Aviation Group, LLC and International Aviation Sales, Ltd.(#)2301 N Marginal Rd, Cleveland, OH 44114Air TransportationTerm LoanPrime plus 2.75%12/23/2029481.8 481.8 419.1 0.11 %
Food Civilization Services LLC and 1701 W 15th St LLC(#)512 E 11th St., Houston, TX 77008Real EstateTerm LoanPrime plus 2.75%12/23/2044147.1 147.1 162.9 0.04 %
Shaddai Aesthetics Inc(#)706 W. 34th St., Austin, TX 78705Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/20/202917.3 17.3 14.3 — %
Romain Tower Inc.(#)215 S Persimmon St, Tomball, TX 77375Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/20/2044888.1 888.1 886.1 0.24 %
Macon Arts Center LLC(#)4570 Pio Nono Ave, Macon, GA 31206Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/20/2044617.8 617.8 667.9 0.18 %
Freedom Enterprises, Inc(#)2431 14th Ave SE, Watertown, SD 57201Truck TransportationTerm LoanPrime plus 2.75%12/20/2029296.4 296.4 256.3 0.07 %
La Tradicion Cubana Inc(#)9357 S.W. 40th St., Miami, FL 33165Miscellaneous Store Retailers Term LoanPrime plus 6.5%12/20/202911.6 11.6 11.0 — %
Freedom Enterprises, Inc - New RE company to be formed(#)2431 14th Ave SE, Watertown, SD 57201Truck TransportationTerm LoanPrime plus 2.75%12/20/2044203.3 203.3 218.6 0.06 %
ACC International LLC(#)200 N Furnace St, Birdsboro, PA 19508Administrative and Support ServicesTerm LoanPrime plus 2.75%12/20/2044316.2 316.2 319.9 0.09 %
30
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Chris Farley DVM PA. dba Farley Veterinary Clinic(#)6487 Taft St., Hollywood, FL 33024Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/20/202912.3 12.3 12.8 — %
GDIM Enterprises Inc dba AAMCO(#)1657 Whiskey Rd., Aiken, SC 29803Repair and MaintenanceTerm LoanPrime plus 2.75%12/19/202918.5 18.5 16.9 — %
United Capital Group LLC(#)23022 La Cadena Dr, Laguna Hills, CA 92653Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/19/2029294.1 294.1 257.9 0.07 %
Kuros, LLC(#)21221 Baron Lake Dr, Cedaredge, CO 81413AccommodationTerm LoanPrime plus 2.75%12/19/2044389.7 389.7 434.2 0.12 %
MBK IT Services Inc.(#)626 Trailwood Ct., Garland, TX 75043Nonstore Retailers Term LoanPrime plus 2.75%12/19/202919.7 19.7 20.4 0.01 %
Kuros, LLC(#)21221 Baron Lake Dr, Cedaredge, CO 81413AccommodationTerm LoanPrime plus 2.75%11/19/204589.0 89.0 99.6 0.03 %
RWBB LLC(#)4120 7th Ave, Kenosha, WI 53140Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/19/202915.4 15.4 13.8 — %
New Casa Technologies, LLC(#)7928 S 70th Lane, Laveen, AZ 85339Truck TransportationTerm LoanPrime plus 2.75%12/19/20297.4 7.4 6.3 — %
Nebulos, LLC(#)5428 Twilight Way, Parker, CO 80134Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/19/202957.1 57.1 53.0 0.01 %
The Burlington Academy of Learning LLC(#)10 Covey Rd, Burlington, CT 06013Social AssistanceTerm LoanPrime plus 2.75%12/18/202947.5 47.5 49.2 0.01 %
Skyfall LLC dba EZ Self Storage(#)2705 US Hwy 45 North, Henderson, TN 38340Real EstateTerm LoanPrime plus 2.75%12/18/2044143.4 143.4 159.8 0.04 %
Premier Gaming Solutions Inc(#)17 South Grand Ave, Pasadena, CA 91105Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/18/202910.3 10.3 10.6 — %
HADD Corp(#)364 Rugby Rd, Cedarhurst, NY 11516Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/17/202911.6 11.6 11.0 — %
Signco America LP & Sparkle corporation Inc.(#)7938 Wright Rd, Houston, TX 77041Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/16/20441,225.5 1,225.5 1,365.6 0.37 %
J and K Project Management Consultants LLC(#)350 Mc Donnell St, Lewisville, TX 75057Construction of BuildingsTerm LoanPrime plus 2.75%12/16/2044307.2 307.2 340.8 0.09 %
Farain Saremi dba USA Produce(#)461 G St., Los Banos, CA 93635Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/16/2044465.7 465.7 493.1 0.13 %
J and K Project Management Consultants dba A. C. T. Construction(#)350 Mc Donnell St, Lewisville, TX 75057Construction of BuildingsTerm LoanPrime plus 2.75%12/16/2029189.8 189.8 196.5 0.05 %
Nulane Entertainment LLC(#)4100 W. Alameda Ave # 300, Burbank, CA 91505Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/13/20296.9 6.9 5.7 — %
Dr Steven J Seidel(#)42 Campeau Place, Bergenfield, NJ 07621Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/13/202974.2 74.2 61.5 0.02 %
Jen Macias LLC dba Duende(#)2301 NW Thurman St., Portland, OR 97210Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/13/20297.4 7.4 6.1 — %
Math Enrichment, LLC(#)1009 E Capitol Expressway, San Jose, CA 95121Educational ServicesTerm LoanPrime plus 2.75%12/13/2029187.5 187.5 155.1 0.04 %
The Crane Guys, LLC(#)14480 Alondra Blvd, La Mirada, CA 90638Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/13/20291,174.9 1,174.9 1,059.2 0.29 %
Essex Indoor Golf Center LLC(#)23 Saybrook Rd, Essex, CT 06426Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/13/202971.9 71.9 64.7 0.02 %
31
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

The Floor Covering Warehouse, Inc(#)112 Orchard St., Stamford, CT 06902Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/13/2044235.3 235.3 262.2 0.07 %
WURA LLC dba Dickey's Barbecue Pit(#)4325 E. University Dr, Ste 40, Prosper, TX 75078Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/13/202985.7 85.7 73.5 0.02 %
Belle Properties Northwest, Inc.(#)223 Ave B, Snohomish, WA 98290Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/12/2044128.7 128.7 138.0 0.04 %
Abylex, Inc and Worpex LLC(#)7473 Reese Rd #2, Sacramento, CA 95828Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/12/204493.8 93.8 85.6 0.02 %
Joyner5, Inc.dba British Swim School(#)1000 Settlers Landing Court, Wake Forest, NC 27587Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/12/202920.6 20.6 17.0 — %
Stockton TRI Industries, LLC(#)2141 E Anderson St, Stockton, CA 95205Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/12/20441,086.0 1,086.0 1,155.3 0.31 %
Chambers Funeral Home & Crematorium PA & Riverdale Park Crematory, LLC(#)5801 Cleveland Ave, Riverdale, MD 20737Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/11/2044294.1 294.1 327.7 0.09 %
Vaughn Chiropractic, PLLC dba Catalyst Chiropractic and Rehab(#)10904 Baltimore St NE, Blaine, MN 55449Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/11/202937.9 37.9 31.4 0.01 %
Professional Plumbing Services of Nela, LLC(#)99 Plum St, West Monroe, LA 71292Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/11/202916.4 16.4 15.9 — %
CCD Construction Services LLC dba Clearwater Outdoor Design, CCD Exca(#)175 W Borgfeld Dr, San Antonio, TX 78260Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/11/2044110.3 110.3 116.6 0.03 %
Ciel Du Mel LLC dba Lala's Creamery(#)134 Petaluma Blvd North, Petalumaca, CA 94952Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/10/202915.1 15.1 13.1 — %
SLCP Transport, LLC dba Aamco(#)1407 Lomaland Dr, El Paso, TX 79935Repair and MaintenanceTerm LoanPrime plus 2.75%12/10/202957.1 57.1 53.0 0.01 %
Helping Hands Group Daycare dba Dawn to Dusk Learning and Child Care L(#)10 Tremont Rd, Tremont, PA 17981Social AssistanceTerm LoanPrime plus 2.75%12/10/204438.2 38.2 40.9 0.01 %
Elita 7, LLC and Behavioral Nutrition Inc.(#)16 Marble St., Worchester, MA 01603Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%12/9/2029285.1 285.1 269.1 0.07 %
Eagle Eye Truck Lines LLC and Eagle Eye Logistics LLC(#)560 56th St SW, Grand Rapids, MI 49548Truck TransportationTerm LoanPrime plus 2.75%12/6/20291,004.8 1,004.8 847.9 0.23 %
Mazhar Family, Inc dba Edible Arrangements(#)601 Portion Rd, Store #17, Lake Ronkonkoma, NY 11779Nonstore Retailers Term LoanPrime plus 2.75%12/6/202961.7 61.7 51.6 0.01 %
Wolf Pack, LLC(#)939 South 25th East, Ste. 115, Ammon, ID 83406Management of Companies and EnterprisesTerm LoanPrime plus 2.75%3/6/2030208.0 208.0 182.3 0.05 %
Natalie Enterprise Inc(#)2500 Grand Ave, Billings, MT 59102Administrative and Support ServicesTerm LoanPrime plus 2.75%12/6/202918.5 18.5 19.2 0.01 %
Ohanyan LLC dba Nestle Toll House Caf'e By Chip(#)14006 Riverside Dr, Store No. 9270, Sherman Oaks, CA 91423Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/6/202938.7 38.7 34.5 0.01 %
DB Talak LLC(#)2018 SE 6th Ave, Portland, OR 97214Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/6/2044151.5 151.5 168.8 0.05 %
32
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Glen Lamb dba Lambs Tree And Plant Health Care(#)413 Pond Meadow Rd, Westbrook, CT 06498Administrative and Support ServicesTerm LoanPrime plus 2.75%12/6/202917.1 17.1 15.4 — %
The Stout Group LLC(#)10850 NW 138th St, Hialeah Gardens, FL 33018Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/6/2029219.2 219.2 194.6 0.05 %
Scott's Hardware, Inc., dba Medford Inc(#)200 Tuckerton Rd, Medford, NJ 08055Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 6.5%12/6/202911.6 11.6 11.0 — %
Bay Area Metal Fabricarion LLC(#)510 -512 Stone Rd, Benicia, CA 94510Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/6/2029124.9 124.9 111.6 0.03 %
Clearwater Engineering Inc(#)301 N River St., Derby, KS 67037Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%12/5/2029538.9 538.9 480.9 0.13 %
Used Tire Express 1, Corp(#)437 N. Battlefield, Chesapeake, VA 23320Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%12/5/202978.8 78.8 68.5 0.02 %
Standard Capital Corp(#)2349 Wessington Dr, Virginia Beach, VA 23456Insurance Carriers and Related ActivitiesTerm LoanPrime plus 6.5%12/5/202911.6 11.6 11.0 — %
Hook Line and Schooner Vinings LLC(#)400 West Village Way #3009, Smyrna, GA 30008Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/4/202920.6 20.6 18.6 0.01 %
Soto Injury Law Firm, PA and My Attorney Inc(#)2050 Capital Circle NE Ste B, Tallahassee, FL 32308Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/3/202956.5 56.5 46.8 0.01 %
Mega Sales Detergent Distributor, LLC(#,^)1 Ackerman Ave, Clifton, NJ 07011Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/29/202945.4 45.4 37.5 0.01 %
Behind the Scenes Chicago, LLC dba Paramount Events(#)1750 W Lake St., Chicago, IL 60612Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/27/2029421.6 421.6 370.5 0.10 %
Loading Arms Plus Inc(#)5401 Mitchelldale St., Ste B4, Houston, TX 77092Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/27/202971.9 71.9 60.7 0.02 %
Codorado, Inc. dba Dentalmart(#,^)10 Glorieta Rd, Sante Fe, NM 87508Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/27/20299.5 9.5 7.9 — %
American Bio Source, LLC dba Dieselgreen Fuels(#)2522 N Hwy 287, Decatur, TX 76234Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%11/27/202953.7 53.7 55.6 0.02 %
Alice's Tea Cup, ATC !! LLC and ATC 111, LLC(#)102 W 73rd St., New York, NY 10023Food ManufacturingTerm LoanPrime plus 2.75%11/27/2029255.9 255.9 215.7 0.06 %
Kanti Group Inc, Marina 84 Sport Bar & Grill LLC and Pub 52 Sports(#)2440 Wesr State Rd 84, Fort Lauderdale, FL 33312Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/27/2029142.6 142.6 120.0 0.03 %
Roots'n Shoots, LLC(#)86 Boston Rd, Chelmsford, MA 01824Administrative and Support ServicesTerm LoanPrime plus 2.75%11/27/20299.7 9.7 8.0 — %
Haversack Holdings LLC(#)7930 W Kenton Circle, Ste 260, Huntersville, NC 28078Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/27/2029113.4 113.4 93.8 0.03 %
Ultra Flow Dispense, LLC(#)820 Prospect Hill Rd, Windsor, CT 06095Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/26/202993.5 93.5 78.1 0.02 %
Ford Custom Renovation LLC(#,^)405 BRdway St., Muncy, PA 17756Construction of BuildingsTerm LoanPrime plus 2.75%11/26/20297.5 7.5 6.2 — %
Fullmer's Landscaping, Inc.(#)9547 W Third St., Dayton, OH 45417Administrative and Support ServicesTerm LoanPrime plus 2.75%11/26/2029174.2 174.2 151.6 0.04 %
Hurricane Group, Inc.dba Crate Club Group(#)101 San Patricio Ave, Ste 860, Guaynabo, PR 00968Other Information ServicesTerm LoanPrime plus 2.75%11/25/202946.6 46.6 38.6 0.01 %
B.S Carrier LLC and United Truck & Trailer Repair LLC(#)3716 Garman Rd, Salem, VA 24153Truck TransportationTerm LoanPrime plus 2.75%11/25/2029214.3 214.3 206.8 0.06 %
33
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

S&C Cookies, Inc(#,^)1969 Jericho Turnpike, East Northport, NY 11731Miscellaneous Store Retailers Term LoanPrime plus 2.75%11/22/202951.0 51.0 42.4 0.01 %
Peanut Butter & Co Inc(#,^)119 West 57th St., Ste 300, New York, NY 10019Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/22/2029170.1 170.1 140.7 0.04 %
Cum Laude Enterprises, LLC(#)15218 Penn Hills Lane, Houston, TX 77062Nonstore Retailers Term LoanPrime plus 2.75%11/22/202917.4 17.4 16.2 — %
Best Choice Meats, Inc,(#,^)12646 S Springfield Ave, Alsip, IL 60803Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/22/20441,316.7 1,316.7 1,406.8 0.38 %
ZUMI LLC dba Allstate Insurance(#,^)1537 W 79th St, Chicago, IL 60620Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%11/22/202910.9 10.9 11.2 — %
A&N Design Studios Inc dba Door3 Business Application(#)22 Cortlandt St., New York, NY 10007Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/22/2029111.1 111.1 98.3 0.03 %
Place Vendome Holding Co Inc.dba R&F Marketing(#)610 East Main St., Swainsboro, GA 30401Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/22/2029216.2 216.2 200.2 0.05 %
Place Vendome Holding Co. Inc.dba R&F Marketing(#)308 Glenwood Rd, Swainsboro, GA 30401Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/22/2044426.8 426.8 408.5 0.11 %
Coral Springs Family Wellness LLC(#)2902 North University Dr, Coral Springs, FL 33065Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/21/2030115.3 115.3 96.4 0.03 %
Weeping Willow Kennel Inc(#,^)6041 Hammond School Rd, Salisbury, MD 21804Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/21/20294.1 4.1 4.2 — %
Semplice Cafe LLC(#,^)209 N Main St., Breckenridge, CO 80424Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/21/202916.3 16.3 13.9 — %
Pen's Electric Company(#)504 Fairfax Ave, Nashville, TN 37212Specialty Trade ContractorsTerm LoanPrime plus 6.5%11/21/202911.9 11.9 11.3 — %
Cobb Roofing LLC(#,^)8101 NW 10th St, Oklahoma City, OK 73127Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/21/202950.7 50.7 42.0 0.01 %
The Rollin' Trapp LLC(#,^)1731 Prevatt Rd, Dothan, AL 36301Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/21/20297.2 7.2 6.6 — %
AMH Construction, Inc.(#,^)30 South Ivey Lane, Orlando, FL 32811Construction of BuildingsTerm LoanPrime plus 2.75%11/20/2044269.3 269.3 289.4 0.08 %
AMH Construction, Inc.(#,^)30 South Ivey Lane, Orlando, FL 32811Construction of BuildingsTerm LoanPrime plus 2.75%11/20/202968.0 68.0 65.9 0.02 %
Cable Management LLC(#,^)290 Pratt St., Meriden, CT 06450Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/20/2029124.8 124.8 110.5 0.03 %
AD Learning Group, LLC dba The Learning Experience & AD Learning NH LL(#,^)181 Shunpike Rd, Cromwell, CT 06416Social AssistanceTerm LoanPrime plus 2.75%11/18/2029123.9 123.9 102.5 0.03 %
Ryan & Selena LLC dba Head of the Class Learning Center(#,^)1836 Kathleen Rd, Lakeland, FL 33805Social AssistanceTerm LoanPrime plus 2.75%11/18/2044439.8 439.8 462.0 0.13 %
Lindsley Excavating LLC(#,^)92 Town Line Rd, Fulton, NY 13069Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/15/2029173.3 173.3 163.9 0.04 %
MToxins Venom Lab LLC(#,^)717 Oregon St., Oshkosh, WI 54902Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/15/204499.8 99.8 102.3 0.03 %
Champions Of Diversity Media Inc dba Champions of Diversity: Politics(#,^)5100 Transamerica Dr, Columbus, OH 43228Administrative and Support ServicesTerm LoanPrime plus 2.75%11/15/204471.0 71.0 76.8 0.02 %
34
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

SSH Princeton LLC dba Stumpy's Hatchet House of Princeton(#)745 Alexander Rd, Ste 1-3, Princeton, NJ 08540Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/15/203087.4 87.4 72.4 0.02 %
Winning Sales Plan Inc(#,^)17811 Fairhaven Gateway, Cypress, TX 77433Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/14/202945.4 45.4 47.0 0.01 %
Ninth Avenue, LLC(#)Empire Mall, 5000 W Empire Place, Room 916, Sioux Falls, SD 57106Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/14/203059.5 59.5 51.1 0.01 %
Sean McNamara(#)5639 Wood Lane, Allentown, PA 18106Nonstore Retailers Term LoanPrime plus 6.5%11/14/202911.5 11.5 10.9 — %
Rockin Robin Music Lessons LLC(#,^)9029 Hwy 6, Ste 160, Missouri City, TX 77459Educational ServicesTerm LoanPrime plus 2.75%11/14/20298.4 8.4 7.0 — %
The Pinnacle Development Group Inc dba The Goddard School(#)105 Springside Dr, Akron, OH 44333Social AssistanceTerm LoanPrime plus 6.5%11/14/202911.5 11.5 10.9 — %
HH Wireless Connect LLC(#,^)48267 Deer Trail Dr, Canton, MI 48187Electronics and Appliance Stores Term LoanPrime plus 2.75%11/12/20297.5 7.5 6.2 — %
SSD Designs LLC(#,^)486 Vance St, Forest City, NC 28043Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%1/12/2030328.8 328.8 299.3 0.08 %
Adrienne's Gourmet Foods, Imagine Baking, Inc(#,^)1034 Hancock St., Sandusky, OH 44870Food ManufacturingTerm LoanPrime plus 2.75%11/12/2029480.3 480.3 466.9 0.13 %
James Richard Farkas Jr. dba Lil Black Bear Inn(#,^)8072 State Rd 46 East, Nashville, TN 47448AccommodationTerm LoanPrime plus 2.75%11/12/2044107.0 107.0 110.6 0.03 %
NJ Floats, Inc(#)327 Route 202/206, Bedminster Township, NJ 07921Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%6/12/2046204.8 204.8 229.6 0.06 %
Ameen Enterprises, LLC dba Bargain Town(#,^)1111 E Washington St, Stephenville, TX 76401Gasoline Stations Term LoanPrime plus 2.75%11/12/2029113.4 113.4 115.1 0.03 %
Two Roses Salon 1, Inc.dba National Fluid Power Institute and NFPI(#,^)908 S Jefferson St., Amarillo, TX 79101Educational ServicesTerm LoanPrime plus 2.75%11/12/2029358.4 358.4 324.6 0.09 %
Steven French dba French Woodworking(#,^)1101 Horizon Dr Ste 101, Fairfield, CA 94533Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/12/204461.2 61.2 68.2 0.02 %
Adrienne's Gourmet Foods, Imagine Baking Inc(#,^)1034 Hancock St., Sandusky, OH 44870Food ManufacturingTerm LoanPrime plus 2.75%11/12/2044397.7 397.7 443.2 0.12 %
Potomac Nail Spa Corporation(#,^)14901 Potomac Town Place,, Woodbridge, VA 22191Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/12/202949.2 49.2 41.0 0.01 %
Integrated Vascular Services LLC(#,^)1452 Franklin Ave, Salem, OR 44460Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%11/8/202972.6 72.6 60.6 0.02 %
Airbar Inc(#,^)5 N Station Plaza, Great Neck, NY 11021Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/8/202919.9 19.9 16.4 — %
East River Plumbing, LLC(#,^)997 E Loop, Priest River, ID 83856Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/8/204449.0 49.0 52.5 0.01 %
Link Recreational, Inc(#,^)304 Business Hwy 53, Minong, WI 54859Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%11/7/2044385.5 385.5 417.6 0.11 %
WE MAKE DIFFERENCES, LLC(#,^)1380 Main St., Waltham, MA 02451Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/7/20295.9 5.9 5.7 — %
Link Recreational, Inc(#,^)304 Business Hwy 53, Minong, WI 54859Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%11/7/2029776.9 776.9 654.9 0.18 %
35
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

C&P Trading and Sales Inc(#,^)950 Peninsula Corporate Circle Ste 3016, Boca Raton, FL 33487Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%10/31/2029225.2 225.2 186.5 0.05 %
11900 Marshfield Station Inc(#,^)11900 S Marshfield Ave, Calumet Park, IL 60827Gasoline Stations Term LoanPrime plus 2.75%10/31/20441,229.9 1,229.9 1,331.1 0.36 %
Automotive Solutions, LLC(#,^)1910 W. Dupont Rd, Fort Wayne, IN 46818Repair and MaintenanceTerm LoanPrime plus 2.75%10/31/2044292.6 292.6 312.1 0.09 %
Sunburst Trout Farm, LLC(#,^)314 Industrial Park Dr, Waynesville, NC 28786Fishing, Hunting and TrappingTerm LoanPrime plus 2.75%10/31/202960.8 60.8 63.0 0.02 %
Automotive Standard, LLC(#,^)4028 Coldwater Rd, Fort Wayne, IN 46805Repair and MaintenanceTerm LoanPrime plus 2.75%10/31/2044135.3 135.3 145.6 0.04 %
Sunburst Trout Farm, LLC(#,^)314 Industrial Park Dr, Waynesville, NC 28786Fishing, Hunting and TrappingTerm LoanPrime plus 2.75%10/31/2044227.3 227.3 250.1 0.07 %
Guru Kirpa, Inc(#,^)3006 New Castle Ave, New Castle, DE 19720Gasoline Stations Term LoanPrime plus 2.75%10/31/2044191.2 191.2 197.2 0.05 %
Jessie's Radiator and Automotive(#,^)1777 N Ventura Ave, Ventura, CA 93001Repair and MaintenanceTerm LoanPrime plus 2.75%10/31/202914.9 14.9 13.7 — %
ABC Sandblasting, LLC(#,^)14029 56th St. NW, Williston, ND 58801Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/31/2029225.7 225.7 192.8 0.05 %
Fave Realty, Inc.(#,^)217-84 Hempstead Ave, Jamaica, NY 11429Real EstateTerm LoanPrime plus 2.75%10/31/2044114.4 114.4 127.5 0.03 %
L& F Gullo Service Corp(#,^)520 Main St, Westbury, NY 11590Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%10/31/2029157.7 157.7 130.5 0.04 %
The Committed Pig LLC(#,^)28 West Park Place, Morristown, NJ 07090Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/31/2029261.7 261.7 271.1 0.07 %
Dub Industries LLC(#,^)4112 Veiled Falls Dr, Pflugerville, TX 78660Nonstore Retailers Term LoanPrime plus 2.75%10/31/202964.0 64.0 60.0 0.02 %
Kerzner Contracting Corp(#,^)1620 Ocean Ave, Bohemia, NY 11716Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/31/2029101.4 101.4 84.0 0.02 %
D & H Construction Services, Inc.(#,^)711 Hospital St., Richmond, VA 23219Construction of BuildingsTerm LoanPrime plus 2.75%10/31/2029126.2 126.2 110.2 0.03 %
MJ Group, Inc(#,^)26691 Loma Verde, Mission Viejo, CA 92691Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/31/202919.2 19.2 16.1 — %
Mariscos El Oceano, Inc.(#,^)5960 S Archer Ave, Chicago, IL 60638Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/31/2044123.1 123.1 134.5 0.04 %
Maine Service Corp(#,^)59-24 55th St., Maspeth, NY 11378Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%10/31/2029112.6 112.6 116.7 0.03 %
BGB Leasing Inc and BGB Leasing Co.(#,^)50 Industrial Park Rd, Princeton, KY 42445Truck TransportationTerm LoanPrime plus 2.75%10/30/20291,044.9 1,044.9 945.2 0.26 %
Paul Wintner dba P & R Props(#,^)23901 Calabasas Rd, Calabasas, CA 91302Miscellaneous Store Retailers Term LoanPrime plus 2.75%10/30/202950.7 50.7 41.9 0.01 %
Blue Agave & Brothers, LLC dba Blue Apachie Mexican Restaurant and Blu(#,^)905 Savoy Rd, Youngsville, LA 70592Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/30/202978.9 78.9 66.6 0.02 %
BGB Leasing Co.(#,^)50 Industrial Park Rd, Princeton, KY 42445Truck TransportationTerm LoanPrime plus 2.75%10/30/204488.0 88.0 98.1 0.03 %
Plastic Depot, Inc(#,^)363 East Alondra Blvd, Gardena, CA 90248Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%10/30/2029142.6 142.6 118.2 0.03 %
36
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Lightning Strike Distributing, LLC dba Jedidiah's Jerky & Gournet Snac(#,^)9912 Arizona Dr, Mohave Valley, AZ 86440Miscellaneous Store Retailers Term LoanPrime plus 2.75%10/30/202958.6 58.6 49.6 0.01 %
OWL Inc,(#,^)5300 S Orange Blossom Trail, Orlando, FL 32839Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%10/28/2029189.6 189.6 156.9 0.04 %
Corple Enterprises, Inc(#,^)17887 US-380, Ponder, TX 76259Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%10/28/2029147.2 147.2 145.2 0.04 %
Proximo Consulting Services Inc(#,^)2500 Plaza 5, Jersey City, NJ 07311Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/28/202967.6 67.6 55.9 0.02 %
Perisseia Physicians LLC(#,^)1644 Lebanon Rd, Lawrenceville, GA 30043Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/28/2044391.2 391.2 400.8 0.11 %
Marnon Vending LLC dba Naturals 2 Go San Antonio(#,^)6713 Biscay Hbr, San Antonio, TX 78249Nonstore Retailers Term LoanPrime plus 2.75%10/28/20297.2 7.2 6.5 — %
iLoka Inc. dba NewCloud Networks(#,^)160 Inverness Dr W, Ste 150, Englewood, CO 80112Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%10/25/202990.1 90.1 93.4 0.03 %
Landmark Ventures USA, Inc(#,^)475 Park Ave S, 25th Floor, New York, NY 10016Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%10/25/202994.6 94.6 78.3 0.02 %
Four Ace Electrical Services Corporation(#,^)3723 Far Niente Way, Sacramento, CA 95834Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/25/202910.8 10.8 9.1 — %
Diamond Solutions LLC(#,^)8321 E Gelding Dr, Scottsdale, AZ 85260Machinery ManufacturingTerm LoanPrime plus 2.75%10/25/202911.5 11.5 9.5 — %
IV Purpose Inc(#)1489 Fulton St., Brooklyn, NY 11216Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/25/202934.2 34.2 29.9 0.01 %
Jbang LLC, WM Bang LLC, Bang Investments LLC(#)125 Westchester Ave, White Plains, NY 10601Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/25/202967.8 67.8 67.2 0.02 %
Sultan's Palace L.L.C.(#,^)8125 West Sahara Ave, Ste 300, Las Vegas, NV 89117Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/24/202919.0 19.0 16.7 — %
Fimac Inc dba American Educational Services(#,^)26300 La Alameda, Ste 200, Mission Viejo, CA 92691Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/23/202920.3 20.3 17.0 — %
James Clark and Company, Inc.(#)8885 Haven Ave, Ste 120, Rancho Cucamonga, CA 91730Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%10/22/202911.5 11.5 10.9 — %
Pyle Garage Doors OKC, INC dba Precision Door Service OKC(#,^)8860 S Sunnylane Rd, Oklahoma City, OK 73135Repair and MaintenanceTerm LoanPrime plus 2.75%10/22/202913.2 13.2 10.9 — %
Todd's Car Wash, LLC(#,^)5505 Johnston St., Lafayette, LA 70506Repair and MaintenanceTerm LoanPrime plus 2.75%10/18/2044336.2 336.2 374.6 0.10 %
Roughcut LLC(#,^)41540 National Rd, Belmont, OH 43718Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/17/2029442.5 442.5 458.4 0.12 %
UNIQUE PAVER INSTALLATIONS, INC.(#,^)4930 Mars Hill Rd, Bogart, GA 30622Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/17/202920.3 20.3 17.9 — %
Owens Family and Cosmetic Dentistry PLLC(#,^)403 E College St., Pulaski, TN 38478Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/17/2029242.9 242.9 210.8 0.06 %
Pine Mountain Residential LLC(#)10240 Cosmopolitan Circle, Parker, CO 80134Specialty Trade ContractorsTerm LoanPrime plus 6.5%10/16/202911.5 11.5 10.9 — %
37
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Powerlift Dumbwaiters, Inc(#)2444 Georgia Slide Rd, Georgetown, CA 95634Machinery ManufacturingTerm LoanPrime plus 6.5%10/16/202911.0 11.0 10.4 — %
The Cow Harbor Beer Company LLC dba Sand City Brewing Co.(#)19 Scudder Ave, Northport, NY 11768Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%2/11/2031303.5 303.5 265.8 0.07 %
Glenda D Brewer dba Bargain Store(#)107 Tabernacle Church Rd, Candor, NC 27229General Merchandise Stores Term LoanPrime plus 6.5%10/11/202911.5 11.5 10.9 — %
S&D Beauty Spa Inc dba Elite Nails, dba Bella's Nails &dba Onyx Nail b(#,^)5604 Slide Rd, Lubbock, TX 79414Personal and Laundry ServicesTerm LoanPrime plus 2.75%10/11/2029145.7 145.7 123.1 0.03 %
Q2 Ventures, LLC(#,^)2805 W Arimo Rd, Arimo, ID 83214Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%10/8/2029160.0 160.0 159.3 0.04 %
Paketo LLC dba West Loop UPS Store(#,^)623 W Lake St., Chicago, IL 60661Couriers and MessengersTerm LoanPrime plus 2.75%10/4/202914.9 14.9 12.6 — %
Joseph P Fusco DDS PC(#,^)77 N Centre Ave, Rockville Centre, NY 11570Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/30/202959.3 59.3 54.0 0.01 %
A Child's Dream Educational Center LLC(#,^)4127 NW 34th St., Gainsville, FL 32605Social AssistanceTerm LoanPrime plus 2.75%9/30/2029175.8 175.8 160.4 0.04 %
Heart and Vascular Associates of Tampa, LLC(#,^)17 David Blvd, Tampa, FL 33606Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/30/2044756.5 756.5 810.6 0.22 %
A Child's Dream Educational Center LLC(#,^)4127 NW 34th St., Gainesville, FL 32605Social AssistanceTerm LoanPrime plus 2.75%9/30/2044177.3 177.3 196.9 0.05 %
SPIRE Manufacturing Solutions LLC(#,^)1440 Newport Rd, Colorado Springs, CO 80916Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/30/2044992.6 992.6 1,134.1 0.31 %
Atlantic Pacific Hospitality Solutions Inc dba North Beach Bistro(#,^)725 Atlantic Blvd, Atlantic Beach, FL 32233Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/20298.2 8.2 7.5 — %
Meldi Maa, Inc dba The River Complex(#,^)74 S Main St., Woonsocket, RI 02895Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/2044416.6 416.6 466.9 0.13 %
International Protection Group, LLC(#,^)481 8th Ave Ste 1130, New York, NY 10001Administrative and Support ServicesTerm LoanPrime plus 2.75%9/30/202973.8 73.8 74.3 0.02 %
In Power Motors, LLC, In-Power Motors II LLC, In-Power Motors III LLC(#,^)2301 W. Buckeye Rd, Phoenix, AZ 85009Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%9/30/2044610.3 610.3 662.6 0.18 %
AV Strategy, Inc(#,^)9468 American Eagle Way Ste 100, Orlando, FL 32837Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/30/2029242.6 242.6 233.2 0.06 %
50 Taps, LLC dba Colorado Taproom & Grill(#,^)19539 Hess Rd Ste Ste #101, Parker, CO 80134Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/202969.4 69.4 63.8 0.02 %
DG Business Solutions, Inc(#,^)11008 Rene St., Lenexa, KS 66215Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/30/2029200.8 200.8 183.9 0.05 %
Crown Waste Corp(#,^)1 Plainview Rd, Bethpage, NY 11714Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%9/30/202944.7 44.7 42.8 0.01 %
Zima Dining Inc. dba Country Kitchen(#,^)1497 N Mt. Vernon Ave, Colton, CA 92324Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/27/202956.4 56.4 59.1 0.02 %
Wagner & Sons Inc(#,^)22365 Alydar Dr, Lexington Park, MO 20653Nonstore Retailers Term LoanPrime plus 2.75%9/27/202916.8 16.8 15.3 — %
Hoagie Barmichaels Inc(#,^)1101 River Rd, New Windsor, NY 12553Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/27/2044110.3 110.3 117.3 0.03 %
38
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Universe Appliance Repairs Inc.(#,^)3790 Merrick Rd, Seaford, NY 11783Repair and MaintenanceTerm LoanPrime plus 2.75%9/27/2044573.7 573.7 611.9 0.17 %
Aztec Machine & Repair Inc, Cranrd & Material(#,^)1715 N 1st St, Bloomfield, NM 87413Repair and MaintenanceTerm LoanPrime plus 2.75%9/27/2044695.8 695.8 751.8 0.20 %
Double H Services, LLC, C&T Oil Field Services, LLC and Brian S. Holma(#,^)3721 North 162nd St., Garber, OK 73701Support Activities for MiningTerm LoanPrime plus 2.75%9/27/2029956.2 956.2 918.7 0.25 %
Titan Laser Screed Concrete Services, LLC(#,^)8908 Wildlife Lane, Sanford, FL 32771Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/27/202944.7 44.7 41.7 0.01 %
Universe Appliance Repairs Inc.(#,^)3790 Merrick Rd, Seaford, NY 11783Repair and MaintenanceTerm LoanPrime plus 2.75%9/27/2029592.9 592.9 563.5 0.15 %
Cherry and Candlewood Inc dba Aamco(#,^)3029 South St., Long beach, CA 90805Repair and MaintenanceTerm LoanPrime plus 2.75%9/27/2044422.9 422.9 483.2 0.13 %
Zmetra Clearspan Structures LLC(#,^)2 Old Worcester Rd, Webster, MA 01571Miscellaneous ManufacturingTerm LoanPrime plus 2.75%9/27/2044427.9 427.9 488.8 0.13 %
Stiegelbauer Associates Inc.(#,^)63 Flushing Ave Unit 342, Brooklyn, NY 11205Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/27/2029178.9 178.9 163.0 0.04 %
Santa Fe Flooring LLC(#,^)3711 Paseo Del Norte NE, Albuquerque, NM 87113Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%9/26/2029458.0 458.0 429.1 0.12 %
Adam's Construction & General Contracting LLC(#,^)7808 N Custer Rd, Freesoil, MI 49411Construction of BuildingsTerm LoanPrime plus 2.75%9/26/202963.7 63.7 59.7 0.02 %
Byler, Wolfe, Lutsch and Kampfer CPAs, Inc(#,^)360 East State St., Salem, OH 44460Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/25/204452.2 52.2 55.0 0.01 %
Luv 2 Play Nor Cal, LLC(#,^)82 Clarksville Rd, Folsom, CA 95682Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/25/2029105.0 105.0 97.0 0.03 %
Quality Machine of Iowa, Inc(#,^)1040 4th Ave, Audubon, IA 50025Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/25/202960.4 60.4 63.2 0.02 %
Anderson's Outdoor Adventures, LLC(#,^)4060 SW County Rd 232, Bell, FL 32619Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/25/202920.1 20.1 20.7 0.01 %
Flamingo Bowl, Inc(#,^)3301 N 23rd St., McAllen, TX 78501Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/24/2029188.7 188.7 182.3 0.05 %
Unified Utility Services LLC(#,^)206 Frankie Lane, Ladson, SC 29456Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%9/20/2044154.3 154.3 176.1 0.05 %
Standard Real Estate Services LLC(#)500 West Silver Spring Dr, Ste K 200,, Glendale, WI 53217Real EstateTerm LoanPrime plus 6.5%9/19/202911.4 11.4 11.8 — %
Payne's Enviromental Service, LLC dba Bamaco(#,^)5617 Causeway Blvd, Tampa, FL 33619Administrative and Support ServicesTerm LoanPrime plus 2.75%9/18/2044509.5 509.5 550.0 0.15 %
Host Marketing, LLC(#)206 Bell Lane, Ste B, West Monroe, LA 71291Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%9/18/202911.4 11.4 11.8 — %
Vancole Investments, Inc. dba Smoothie King #913 &;Dream Developmenf G(#,^)876 Virginia Ave, Hapeville, GA 30354Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/17/202910.7 10.7 9.7 — %
Natalie Hart LLC dba Lady of Luxury &dba Country Sugar Events, dba Que(#)1702 Fawn Gate St, San Antonio, TX 78248Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/17/202952.8 52.8 51.5 0.01 %
Win Health Institute, LLC(#,^)711 E Valley Rd, Basalt, CO 81621Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/17/20296.7 6.7 6.3 — %
39
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Game Station, Inc.(#,^)2917 1st Ave SE, Cedar Rapids, IA 52402Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/16/202918.1 18.1 17.5 — %
Bay Bowl Inc dba Shasta Lanes(#,^)11093 Black Marble Way, Redding, CA 96003Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/13/2044524.9 524.9 598.9 0.16 %
The Steel Method LLC dba Sneeze It(#,^)250 Passaic Ave Ste 200, Fairfield, NJ 07004Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/12/2029151.0 151.0 137.6 0.04 %
New Flow Plumbing and Rooter Inc.(#,^)6718 Katherin Ave, Van Nuys, CA 91405Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/12/202942.7 42.7 39.1 0.01 %
Oak Park Social LLC(#)14691 W 11 Mile Rd, Oak Park, MI 48237Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/12/2045132.7 132.7 144.3 0.04 %
ACSS CPA, LLC(#,^)1016 S Texas Blvd, Weslaco, TX 78599Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/12/204439.0 39.0 42.8 0.01 %
Prime Precision Machining, LLC(#,^)845 Mandoline Ave, Madison Heights, MI 48071Real EstateTerm LoanPrime plus 2.75%9/11/2044267.9 267.9 292.5 0.08 %
Prime Precision Machining, LLC(#,^)845 Mandoline Ave, Madison Heights, MI 48071Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/11/2029200.8 200.8 189.2 0.05 %
Miami Squeeze Inc dba Miami Squeeze, LLC(#,^)18315 W. Dixie Hwy, North Miami Beach, FL 33160Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/11/2029103.4 103.4 98.6 0.03 %
Covert Recordings LLC(#,^)31-65 138th St. Apartment 3K, Flushing, NY 11354Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/11/202910.6 10.6 10.9 — %
Body on Cue Health and Fitness LLC(#,^)129 A Orpha Dr, Middlebury, IN 46840Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/6/202940.3 40.3 37.1 0.01 %
Eco Electric LLC(#,^)5380 Cameron St, Las Vegas, NV 89118Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/5/202959.5 59.5 54.1 0.01 %
Philly Games Inc.dba Queen & Rock Game Cafe(#,^)607-609 S 2nd St., Philadelphia, PA 19147Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/5/202955.8 55.8 51.0 0.01 %
SVT Masonry Limited Liability Company(#,^)1208 Houghton Lane, Bennington, VT 05201Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/5/202963.5 63.5 64.3 0.02 %
No Push Backs, LLC(#)2223 Dungan Ave, Bensalem, PA 19020Personal and Laundry ServicesTerm LoanPrime plus 6.5%8/30/202911.0 11.0 11.4 — %
Dog House Sportfishing Charters Inc(#)83413 Overseas Hwy, Islamorada, FL 33036Scenic and Sightseeing TransportationTerm LoanPrime plus 6.5%8/30/202911.3 11.3 11.8 — %
3C Consumer Network & Designs LLC(#,^)7676 Hillmont St., Ste 109, Houston, TX 77040Real EstateTerm LoanPrime plus 2.75%8/29/202913.3 13.3 12.5 — %
Double Scoop Ice Cream, LLC(#,^)2970 Stonecrest Pass, Lithonia, GA 30038Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/29/204494.4 94.4 103.3 0.03 %
Camror LTD dba Jersey Mike's(#,^)5946 Meijer Dr, Cincinnati, OH 45150Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/29/203079.9 79.9 84.0 0.02 %
Crown Heights Bunch O Bagels & More Inc & 361 Bagel Holding LLC(#,^)361 Troy Ave, Brooklyn, NY 11213Food and Beverage Stores Term LoanPrime plus 2.75%8/29/202935.5 35.5 37.2 0.01 %
Esquire Mini Mart LLC & Morgan Store Building LLC(#,^)12595 S Somerton Ave, Yuma, AZ 85365Food and Beverage Stores Term LoanPrime plus 2.75%8/29/202945.6 45.6 45.2 0.01 %
Groton Bowling Center and Entertainment Inc(#,^)27 Kings Hwy, Groton, CT 06340Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/29/2044930.1 930.1 1,023.2 0.28 %
HRS2, LLC(#,^)5410 Pipers Creek Court, Sugar Land, TX 77479Nonstore Retailers Term LoanPrime plus 2.75%8/28/2029205.8 205.8 206.8 0.06 %
40
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

DB Talak LLC(#,^)2018 SE 6th Ave, Portland, OR 97214Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/28/202980.1 80.1 83.9 0.02 %
Khari E. J. Myers dba Khari Imagery & 190 Minerva LLC(#,^)190 Minerva St., Tonawanda, NY 14150Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/28/204458.5 58.5 66.8 0.02 %
Linsey Schwertdfeger,, Inc.(#,^)740 Dennery Rd, San Diego, CA 92154Repair and MaintenanceTerm LoanPrime plus 2.75%8/28/202963.0 63.0 58.1 0.02 %
Blue Eagle Transport Inc.,Golden Eagle Tran and Green Eagle Transpor(#,^)377 Boston Post Rd, Milford, CT 06460Couriers and MessengersTerm LoanPrime plus 2.75%8/28/2029416.9 416.9 392.2 0.11 %
The Hometown Welcome Program, Inc & Fredric Anthony Gushwa(#,^)107 S Nottawa St, Sturgis, MI 49091Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/27/202986.6 86.6 83.3 0.02 %
Maryland Urgent Care, Inc.(#,^)9831 Greenbelt Rd Ste 208 (Unit H-2), Lanham, MD 20706Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%8/27/204445.0 45.0 50.0 0.01 %
ADA Internacional Inc(#,^)10891 La Reina Rd, Ste 100, Delray Beach, FL 33446Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%8/26/202920.0 20.0 18.2 — %
Crystal S. Prado dba Crystal Clear Accounting(#)34099 Tuscan Creek Way, Temecula, CA 92592Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%8/26/20292.9 2.9 3.0 — %
PJT Logistics, Inc.(#,^)2-4 Commerce Way, Auburn, NY 13021Truck TransportationTerm LoanPrime plus 2.75%8/23/202944.4 44.4 46.6 0.01 %
SRJ construction Corp(#,^)8358 W Oakland Park Blvd. #203E, Sunrise, FL 33351Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/23/202910.2 10.2 9.4 — %
Elite Motors LLC(#,^)1046-1050 Orange Ave, West Haven, CT 06516Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%8/23/202978.2 78.2 81.9 0.02 %
The Roux Southern Kitchen, LLC(#,^)252 FM 3162, Sandia, TX 78383Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/22/202916.1 16.1 16.9 — %
MS Integrated Psychotherapy & Counseling, LLC(#,^)1157 Main St., Clifton, NJ 07011Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%8/22/202966.0 66.0 63.6 0.02 %
MB Nursery LLC dba The Garden Center(#,^)15562 HWY-South, Whitehouse, TX 75791Administrative and Support ServicesTerm LoanPrime plus 2.75%8/21/202981.9 81.9 85.8 0.02 %
Metro R Services Inc. and Metal & Roof Supplies, Inc.(#,^)20 Universal Place, Carlstadt, NJ 07072Repair and MaintenanceTerm LoanPrime plus 2.75%8/21/2029172.2 172.2 170.8 0.05 %
Auto Unique LLC(#,^)305 W Main St., Mayo, FL 32066Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%8/20/204412.0 12.0 13.7 — %
William Martinez dba Bad Ass Coffee of Hawaii(#)14101 Main St., Ste 4101, Hesperia, CA 92345Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/20/202920.4 20.4 18.9 0.01 %
Signature Rooms, Inc.(#,^)2066 Route 112, Medford, NY 11763Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%8/19/2029150.0 150.0 157.2 0.04 %
AJN Innovations LLC dba Burgerim(#)6704 Main St., Miami Lakes, FL 33014Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/15/2031109.8 109.8 101.7 0.03 %
American Healthy Vending, Inc(#,^)5951 NW 151 St., Hialeah, FL 33014Nonstore Retailers Term LoanPrime plus 2.75%8/15/202994.4 94.4 89.6 0.02 %
Accent Home Services LLC dba Benjamin Franklin Plumbing of Kansas City(#,^)7748 Troost Ave, Kansas City, MO 64131Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/15/2029100.0 100.0 97.9 0.03 %
41
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Accelerate Educational Solutions, LLC dba Tutor My Success(#,^)135 Clove Branch Rd, Hopewell Junction, NY 12533Educational ServicesTerm LoanPrime plus 2.75%8/14/202915.3 15.3 14.0 — %
Ranson Excavating, Inc(#,^)8343 Kaula Dr, Fair Oaks, CA 95628Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/13/202913.1 13.1 11.9 — %
KM Electrical Services, Inc(#,^)4348 Waialae Ave Unit 315, HONOLULU, HI 96816Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/12/202969.8 69.8 63.5 0.02 %
Love Playing LLC(#)2200 Eastridge Loop, San Jose, CA 95122Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/9/2030161.8 161.8 153.0 0.04 %
Elixir Enterprises, LLC dba Guilford Renee's(#,^)637 Boston Post Rd, Guilford, CT 06437Food and Beverage Stores Term LoanPrime plus 2.75%8/8/202917.3 17.3 15.8 — %
A & S Services LLC dba Kona Ice of Troy(#)3888 Lightner Rd, Vandalia, OH 45377Food Services and Drinking PlacesTerm LoanPrime plus 6.5%8/7/202911.3 11.3 11.8 — %
Leader Engineering-Fabrication, Inc.(#,^)695 Independence DrIive, Napoleon, OH 43545Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%8/2/2029111.3 111.3 116.6 0.03 %
Accord Law, APC(#,^)82555 Grass Flat Lane, Indio, CA 92203Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/2/20296.7 6.7 6.1 — %
Humd, LLC dba La Rosa Chicken and Grill(#)3111 N. University Dr, Coral Springs, FL 33065Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/31/2030126.3 126.3 118.4 0.03 %
St. Francis Home Health Inc(#,^)5246 SW 8th St 103B, Coral Gables, FL 33134Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/31/202966.2 66.2 60.1 0.02 %
La Mount Group LLC(#,^)3111 Princeton Rd, Hamilton, OH 45011Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/31/2029225.1 225.1 204.4 0.06 %
Gray Rock Quarry, LLC and William E Dailey III(#,^)54 West Milton Rd, Milton, VT 05468Mining (except Oil and Gas)Term LoanPrime plus 2.75%7/31/2044439.1 439.1 447.7 0.12 %
Joseph Centonze dba Off Kilter Kilts(#,^)27720 Ave Scott, Santa Clarita, CA 91355Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%7/31/20293.7 3.7 3.4 — %
Living Spring Home Health Inc.(#,^)18350 Kedzie Ave Ste 204, Homewood, IL 60430Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/31/2029119.1 119.1 114.7 0.03 %
Billy Auto Inc(#,^)632 N BRdway, Amityville, NY 11701Repair and MaintenanceTerm LoanPrime plus 2.75%7/31/2044316.6 316.6 338.7 0.09 %
East Coast Flight Services, Inc and Aviation Consulting Enterprise, LL(#,^)27603 Parkway Rd, Easton, MD 21601Air TransportationTerm LoanPrime plus 2.75%7/31/2029485.4 485.4 458.3 0.12 %
Genecco Produce, Inc. & Leo Genecco & Sons, Inc.(#,^)1850 Rochester Rd, Canadaigua, NY 14424Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%7/31/2029707.5 707.5 697.4 0.19 %
Canyon Lake Kids Academy, LLC(#,^)130 Charter Oak Dr, Canyon Lake, TX 78133Social AssistanceTerm LoanPrime plus 2.75%7/31/204495.7 95.7 105.8 0.03 %
Quick and Quality Services dba Bella Roma Pasta & Pizza & Farshad Fari(#,^)28940 Golden Lantern, Laguna Niguel, CA 92677Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/31/202910.1 10.1 9.6 — %
Dant A Sandras, D.D.S. LLC(#,^)13373 Hwy 3235, Larose, LA 70373Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/30/2029197.1 197.1 183.0 0.05 %
Platt & Associates, LLC dba Flag Staff Apparel, Platt & Associates, LL(#,^)288 North Industrial Park Dr, Liberty, MS 39645Apparel ManufacturingTerm LoanPrime plus 2.75%7/30/204454.8 54.8 61.8 0.02 %
Grad Street LLC(#)2437 Corinth Ave Apt 130, Los Angeles, CA 90064Nonstore Retailers Term LoanPrime plus 6.5%7/30/20297.0 7.0 7.3 — %
42
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Aeromax Industries, Inc, HITM, Inc and TMCB LLC(#,^)9027 Canoga Ave, Canoga Park, CA 91301Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%7/30/2044767.8 767.8 820.5 0.22 %
Jbelis Stop N' Go, LLC dba Planet Smoothie(#,^)2565 E 17th St, Ammons, ID 83406Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/30/202917.2 17.2 15.9 — %
Micheal Birch and Tracy M. Pierce(#,^)E 2947 H-44, Traunik, MI 49891Gasoline Stations Term LoanPrime plus 2.75%7/29/204452.9 52.9 59.2 0.02 %
Moore Chiropractic Center, P.A.(#,^)936 Roosevelt Trail Unit 1 & 2, Windham, ME 04062Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/26/20298.1 8.1 8.4 — %
Sou's LLC(#,^)739 NE MLK Blvd, Portland, OR 97221Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/26/20295.2 5.2 5.1 — %
Power Associates Inc.(#,^)2766 West Good CT, Boise, ID 83702Real EstateTerm LoanPrime plus 2.75%7/26/202913.2 13.2 12.0 — %
Dan Dahlin Inc.(#,^)16465 MN-65, Ham Lake, MN 55304Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/26/2044398.3 398.3 454.6 0.12 %
Franklin Care Pharmacy Incorporated(#,^)520 N Franklintown Rd, Baltimore, MD 21223Health and Personal Care Stores Term LoanPrime plus 2.75%7/25/202947.9 47.9 50.2 0.01 %
A&W ALF, LLC dba A & W Assisted Living Facility(#,^)6600 Liberty Rd, Gwynn Oak, MD 21207Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%7/24/204498.1 98.1 110.6 0.03 %
700 Services Inc.dba 700 Credit Repair(#,^)1201 N Goliad St., Rockwall, TX 75087Credit Intermediation and Related ActivitiesTerm LoanPrime plus 2.75%7/19/20296.6 6.6 6.0 — %
Hardrock Alpha Enterprises, LLC(#,^)5101 Stine Rd, Bakersfield, CA 93313Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/19/202913.9 13.9 12.9 — %
Lawrence Adeyemo & Co LLC(#)209-34 112 Ave, Queens Village, NY 11429Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%7/19/20299.0 9.0 9.4 — %
Ameritube, LLC(#,^)1000 North Hwy 77, Hillsboro, TX 76645Primary Metal ManufacturingTerm LoanPrime plus 2.75%7/18/2029108.3 108.3 113.5 0.03 %
JDM2 Water Station LLC(#,^)125 Chestnut Hill Dr, York, PA 17408Nonstore Retailers Term LoanPrime plus 2.75%7/18/2029184.7 184.7 179.6 0.05 %
Bonfire Hot Yoga LLC(#,^)3665 SW Hall Blvd, Beaverton, OR 97005Educational ServicesTerm LoanPrime plus 2.75%7/18/20297.3 7.3 6.7 — %
Baton Rouge Cargo Services Inc(#,^)6013 McRaven Rd, Jackson, MS 39209Support Activities for TransportationTerm LoanPrime plus 2.75%7/17/2044285.0 285.0 310.5 0.08 %
The Bean Coffee Co. LLC(#)112 South Main St., Spring Hill, KS 66083Food Services and Drinking PlacesTerm LoanPrime plus 6.5%7/17/202911.3 11.3 11.7 — %
Garage Floor Coating of MN.com,LLC(#,^)6701 West 23rd St., St. Louis Park, MN 55426Specialty Trade ContractorsTerm LoanPrime plus 2.75%7/16/2044972.9 972.9 1,047.0 0.29 %
Bouquet Canyon Kennels(#,^)29973 Bouquet Canyon Rd, Santa Clarita, CA 91390Personal and Laundry ServicesTerm LoanPrime plus 2.75%7/16/2044293.5 293.5 312.7 0.09 %
Adam Family Bowl Inc(#,^)1504 Chestnut St., Mishawaka, IN 46545Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/16/2044129.6 129.6 143.3 0.04 %
Beacon Metal Fabricators, Inc.(#,^)5425-D Hamilton Ave, Cleveland, OH 44114Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%7/12/202961.8 61.8 60.5 0.02 %
Last Touch, LLC(#,^)1612 Jackson St., Spirit Lake, IA 51360Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%7/11/204498.9 98.9 106.8 0.03 %
Menskha Inc(#)88 High St., Mountclair, NJ 07042Ambulatory Health Care ServicesTerm LoanPrime plus 6.5%7/10/202911.3 11.3 11.7 — %
43
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

D DeGregoria LLC dba The UPS Store 4235 Massapequa(#,^)4940 Merrick Rd, Massapequa Park, NY 11762Couriers and MessengersTerm LoanPrime plus 2.75%7/10/202970.0 70.0 64.7 0.02 %
Nash-Delphia LLC(#,^)2135 Gallatin Pike N, Store 4, Madison, TN 37115Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%7/2/202913.1 13.1 11.9 — %
Port Huron Ophthalmology, PLLC dba Black River Optical(#,^)1033 River St., Port Huron, MI 48060Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/28/202913.1 13.1 11.9 — %
Kim Howard Corp dba NPN Machine Tools(#,^)9130 Wayfarer Ln, Houston, TX 77075Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%6/28/2029197.2 197.2 206.3 0.06 %
Baobab Asset Management LLC(#,^)2 Greenwich Office Park, Ste 260, Greenwich, CT 06831Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/28/202945.2 45.2 41.0 0.01 %
Southern Specialties Transportation LLC(#,^)116 Toledo Dr, Lafayette, LA 70506Truck TransportationTerm LoanPrime plus 2.75%6/28/202984.2 84.2 88.1 0.02 %
Jian Yang and Kanger House LLC(#,^)48 Horse Hill Rd, Cedar Knolls, NJ 07927Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%6/27/2029105.2 105.2 95.6 0.03 %
Anderson Companies LLC(#,^)3015 S White Horse Pike, Hammonton, NJ 08037Administrative and Support ServicesTerm LoanPrime plus 2.75%6/28/2044203.1 203.1 222.4 0.06 %
Advance Transit LLC(#,^)574-614 Tonnelle Ave, Jersey City, NJ 07307Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%6/28/2044746.0 746.0 826.8 0.23 %
Good News Cafe, LLC(#,^)694 Main St. South, Woodbury, CT 06798Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/28/2044243.3 243.3 261.4 0.07 %
Big Picture Group LLC(#,^)935 N La Jolla, Los Angeles, CA 90046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/28/2029137.2 137.2 124.4 0.03 %
Upul's Travel Service & Tours Inc(#,^)654 Shoppers Lane, Covina, CA 91723Administrative and Support ServicesTerm LoanPrime plus 2.75%6/28/2029251.7 251.7 228.2 0.06 %
5161 LLC(#,^)1478 E Mountain Dr, Santa Barbara, CA 93108Nonstore Retailers Term LoanPrime plus 2.75%6/28/2029555.2 555.2 573.0 0.16 %
Nevada Recycling and Salvage LTD, AMCB LLC(#,^)1085 Telegraph St, Reno, NV 89502Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/28/20441,216.2 1,216.2 1,301.3 0.35 %
Balboa Fashion LLC(#,^)1016 S. Towne Ave, Unit 123, Los Angeles, CA 90021Apparel ManufacturingTerm LoanPrime plus 2.75%6/28/20296.6 6.6 6.0 — %
Sundown Audio, LLC(#,^)514 West 21St St., Newton, NC 28658Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%6/28/2044884.3 884.3 950.7 0.26 %
Crestview Ridge Farms LLC(#,^)1172 Co Rd 956, Ashland, OH 44805Crop ProductionTerm LoanPrime plus 2.75%6/28/2044523.9 523.9 576.5 0.16 %
Richmond Street Partners, LLC(#,^)200 E Chestnut St, Chicago, IL 60611Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%6/28/202987.4 87.4 79.8 0.02 %
K & K Restaurant LLC(#,^)6607 S Central Ave, Phoenix, AZ 85042Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/28/2044131.4 131.4 147.6 0.04 %
Upul's Travel Service & Tours Inc(#,^)654 Shopping Lane, Covina, CA 91723Administrative and Support ServicesTerm LoanPrime plus 2.75%6/28/2044343.5 343.5 358.1 0.10 %
NJ Floats Inc(#,^)66 Twin Oaks Rd, Bridgewater, NJ 08807Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/28/2044172.3 172.3 196.7 0.05 %
Tim's Truck Capital & Auto Sales, Inc(#,^)904 Suncook Valley Hwy, Epsom, NH 03234Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%6/27/2029186.3 186.3 194.8 0.05 %
Moon Landscaping, Inc, Moon Group, Inc moon Nursery, Inc, Moon Site Ma(#,^)145 Moon Rd, Chesapeake City, MD 21915Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%6/27/20291,091.5 1,091.5 1,089.7 0.30 %
44
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Shooter's Gun Club, LLC(#)2429 Iowa St. Stes B, C and D, Lawrence, KS 66046Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/27/2030174.0 174.0 161.9 0.04 %
Ailky Corporation & Wyspen(#,^)352 Bedford St., Lakeville, MA 02347Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/27/202942.7 42.7 38.7 0.01 %
Pawfection Pet Services LLC(#,^)177 W Cottonwood Ln, Ste 12, Casa Grande, AZ 85122Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/27/20299.1 9.1 8.3 — %
Boucherie US Inc(#,^)251 Little Falls Dr, Wilmington, DE 19807Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/27/20291,077.8 1,077.8 976.9 0.27 %
S & T Hardware Inc(#,^)2300 Nooseneck Hill, Coventry, RI 02816Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/27/2044195.8 195.8 223.4 0.06 %
Crescent Event Productions, Inc(#,^)1327 Wood Branch Dr, Charlotte, NC 28273Administrative and Support ServicesTerm LoanPrime plus 2.75%6/27/2029306.8 306.8 286.3 0.08 %
BB Services, LLC(#,^)580 39 Rd, Palisade, CO 81526Truck TransportationTerm LoanPrime plus 2.75%6/27/2029101.1 101.1 94.2 0.03 %
RWBB Enterprises, LLC(#,^)4120 7th Ave, Kenosha, WI 53140Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/26/204474.3 74.3 82.6 0.02 %
Selective Automotive & Accessories Group, Inc(#,^)2221 Pelham Parkway, Pelham, AL 35124Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%6/26/2029219.0 219.0 210.0 0.06 %
Tekoa Enterpises, Inc(#,^)1033 Cannon Bridge Rd, Cordova, SC 29039Truck TransportationTerm LoanPrime plus 2.75%6/26/202951.2 51.2 48.5 0.01 %
Child Care Ventures LLC dba Childcare Adventures ELC(#,^)3542 Glendale Ave, Toledo, OH 43614Social AssistanceTerm LoanPrime plus 2.75%6/26/2044143.5 143.5 151.6 0.04 %
Soft Touch Tissue & Paper LLC(#,^)1491 Hammond St., Bangor, ME 04401Paper ManufacturingTerm LoanPrime plus 2.75%6/26/2044229.0 229.0 261.3 0.07 %
Lynx Inspection Technologies LLC(#,^)8101 Miller Rd 2, Houston, TX 77049Support Activities for MiningTerm LoanPrime plus 2.75%6/26/2044563.1 563.1 642.6 0.18 %
All-City Towing LLC, Jeffrey James Piller(#,^)1213 W Mallory Ave, Milwaukee, WI 53221Support Activities for TransportationTerm LoanPrime plus 2.75%6/26/2029354.4 354.4 348.6 0.10 %
JFK Transportation Inc(#,^)4 Mechanic St., Natick, MA 01760Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%6/26/202991.8 91.8 86.1 0.02 %
Soft Touch Tissue & Paper LLC(#)1491 Hammond, Bangor, MA 04401Paper ManufacturingTerm LoanPrime plus 2.75%12/26/2029102.8 102.8 107.9 0.03 %
Paradise Towing & Recovery Inc(#,^)1115 S Homer Blvd, Sanford, NC 27330Repair and MaintenanceTerm LoanPrime plus 2.75%6/25/202993.0 93.0 92.2 0.03 %
Vanchoc Transport Inc(#,^)137 3rd St, Brooklyn, NY 11231Rental and Leasing ServicesTerm LoanPrime plus 2.75%6/25/202938.1 38.1 36.8 0.01 %
Spartan Technology Solutions, Inc(#,^)125 Venture Blvd, Spartanburg, SC 29306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/25/2044475.4 475.4 509.6 0.14 %
Worldwide Capital Management Inc.(#,^)6 Venture Ste 305, Irvine, CA 92618Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/25/2029127.1 127.1 115.2 0.03 %
Professional Tire Limited Liability Company(#,^)6655 Country Rd 32, Norwich, NY 13815Repair and MaintenanceTerm LoanPrime plus 2.75%6/25/2044135.7 135.7 147.3 0.04 %
Paradise Towing & Recovery Inc(#,^)1115 S. Horner Blvd, Sanford, NC 27330Repair and MaintenanceTerm LoanPrime plus 2.75%6/25/204471.4 71.4 81.5 0.02 %
45
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

567 Logistics, LLC(#,^)1924 Ruffin Mill Rd, Colonial Heights, VA 23834Support Activities for TransportationTerm LoanPrime plus 2.75%6/25/202943.8 43.8 41.2 0.01 %
Krsto, LLC dba Italian Butter Breadsticks(#,^)34683 Nova Dr, Clinton Twp, MI 48035Food ManufacturingTerm LoanPrime plus 2.75%6/24/2044185.6 185.6 204.6 0.06 %
Sweets By Karla LLC(#,^)3273 South John Young Parkway, Kissimmee, FL 34746Food ManufacturingTerm LoanPrime plus 2.75%6/24/202911.2 11.2 10.2 — %
Scissor Kids Inc(#,^)63 Hebron Ave, Ste F, Glastonbury, CT 06033Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/24/202914.2 14.2 13.0 — %
Peninsula Self Defense LLC(#,^)2766 Bay Rd, Redwood City, CA 94063Educational ServicesTerm LoanPrime plus 2.75%6/21/20294.6 4.6 4.3 — %
Small Batch Creations Inc. dba The Office Bar & Grill(#,^)295 E WASHINGTON AVE, SUNNYVALE, CA 94086Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/21/202954.3 54.3 49.3 0.01 %
Port Diesel L.L.C.(#)3212 Alex Trask Dr, Castle Hayne, NC 28429Repair and MaintenanceTerm LoanPrime plus 6.5%6/21/202911.2 11.2 11.6 — %
William Rose Inc(#,^)1 Grace Cove Rd, New Shoreham, RI 02807Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/21/204485.1 85.1 85.5 0.02 %
Campuscuts LLC(#)930 Robtrice Ct, Edmond, OK 73430Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/21/20296.7 6.7 6.9 — %
LuLuBelle's Mountain Banana Bread LLC(#)1063 Carousel Rd, Lake Arrowhead, CA 92352Food ManufacturingTerm LoanPrime plus 2.75%12/21/2045250.0 250.0 272.3 0.07 %
Central Texas Hygiene, LLC.(#,^)10201 McKalla Place, Austin, TX 78758Administrative and Support ServicesTerm LoanPrime plus 2.75%6/20/202975.9 75.9 68.8 0.02 %
International Institute for Learning Inc.(#,^)110 E 59th St ,31st floor, New York, NY 10022Educational ServicesTerm LoanPrime plus 2.75%6/19/2029263.0 263.0 238.4 0.06 %
Beck's Pub & Grill LLC(#,^)N6630 WI-49, Weyauwega, WI 54983Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/19/204468.1 68.1 75.7 0.02 %
Zion Motors Inc(#,^)6949 Wall Triana Hwy, Madison, AL 35757Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%6/19/204459.1 59.1 63.9 0.02 %
Bader Furniture Company Inc.(#,^)704 N Liberty St., Shamokin, PA 17872Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%6/19/20296.6 6.6 6.9 — %
Bonadi Inc. dba Polished Salon(#)9858 W Sample Rd, Coral Springs, FL 33065Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/17/202911.2 11.2 11.6 — %
American Demolition, Inc(#,^)401 N Kuner Rd, Brighton, CO 80601Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/17/2029174.0 174.0 182.0 0.05 %
JLM Consulting LP(#,^)3981 E Dunrobin Dr., Springfield, MO 65809Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/17/202917.3 17.3 15.7 — %
Comarco Quality Pork Products Inc, Comarco Pork Products of FL LLC(#,^)501 Jackson St, Camden, NJ 08104Food ManufacturingTerm LoanPrime plus 2.75%6/14/2029272.0 272.0 261.9 0.07 %
Kego 2 LLC dba Jon Smith Subs 80025(#,^)2001 W. Southlake Blvd Ste 143, Southlake, TX 76092Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/14/202994.5 94.5 88.1 0.02 %
A & S Services LLC dba Kona Ice of Troy(#,^)3888 Lightner Rd, Vandalia, OH 45377Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/14/204443.8 43.8 48.5 0.01 %
Law Office of Paula Padilla PLLC(#)2211 E Highland Ave Ste 130, Phoenix, AZ 85016Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%6/13/20294.5 4.5 4.6 — %
46
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

GT Performance Plus Inc(#,^)4210 College St., Beaumont, TX 77707Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%6/11/204496.3 96.3 106.9 0.03 %
Ivesters Transportation, Inc(#,^)4299 South 2675 West, Roy, UT 84067Truck TransportationTerm LoanPrime plus 2.75%6/11/2029218.6 218.6 203.9 0.06 %
GT Performance Plus Inc(#,^)4210 College St., Beaumont, TX 77707Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%6/11/202967.0 67.0 61.5 0.02 %
Independent Transport, LLC dba Independent Water(#,^)3739 E Ridgeway Rd, Orange, CA 92867Nonstore Retailers Term LoanPrime plus 2.75%6/10/2029179.1 179.1 174.2 0.05 %
Archer Cleaners Inc(#)1514 W. 33rd St., Chicago, IL 60608Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/10/202911.2 11.2 11.6 — %
Neely Motorsports, Inc dba Earl's Store #1;Earl's Performance Plumbing(#,^)15825-15827 Hawthorne Blve, Lawndale, CA 90260Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/7/2044235.6 235.6 258.9 0.07 %
J&A Elliott Company(#,^)1118 Thornberry Dr, Clarksville, TN 37043Nonstore Retailers Term LoanPrime plus 2.75%6/7/20299.2 9.2 9.6 — %
Johnny's Boy LLC(#,^)127 East King St., Martinsburg, WV 25401Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/7/204498.5 98.5 107.6 0.03 %
Throop Family Holding Inc dba Klamath Basin Metals and Supply, dba Rog(#,^)7130 Crater Lake Hwy, White City, OR 97503Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/7/202935.1 35.1 33.4 0.01 %
Allison K. Chipak dba Still Photography(#)195 Terrace Place, Apt. 2, Brooklyn, NY 11218Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%6/6/202911.2 11.2 11.6 — %
Skin Beauty Bar Inc(#,^)749 8th St., Washington, DC 20003Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/6/20294.6 4.6 4.2 — %
Jamestown Quick Stop LLC(#,^)3097 24th Ave, Hudsonville, MI 49426Food and Beverage Stores Term LoanPrime plus 2.75%6/5/204467.7 67.7 73.2 0.02 %
Preferred Manufacturing Services Inc(#,^)4261 Business Dr, Cameron Park, CA 95682Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%6/5/2029416.4 416.4 435.5 0.12 %
Oasis Senior Advisors Franchise Systems, LLC(#,^)24870 Burnt Pine Dr, Bonita Springs, FL 34134Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)Term LoanPrime plus 2.75%6/4/2029266.6 266.6 275.8 0.08 %
Evoke Growth Advisory LLC(#,^)2600 Brookwood Way Dr, Unit 311, Rolling Meadows, IL 60008Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/3/20296.6 6.6 6.0 — %
G.S.A.T. Restoration Inc. dba Paul Davis Restoration & Remodeling of G(#,^)1450 Oakbrook Dr, Norcross, GA 30093Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/31/2029102.3 102.3 94.8 0.03 %
V & M Transportation LLC(#,^)1307 27th St. Apt B, North Bergen, NJ 07047Truck TransportationTerm LoanPrime plus 2.75%5/31/202911.4 11.4 10.4 — %
Martin Inventory Management, LLC(#,^)304 1/2 Main St., Edgefield, SC 29824Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/31/202943.5 43.5 45.3 0.01 %
Morey Publishing LLC(#,^)575 Underhill Blvd, Ste 216, Syosset, NY 11791Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/31/202954.4 54.4 49.7 0.01 %
SSD Designs, LLC(#,^)486 Vance St., Forest City, NC 28043Chemical ManufacturingTerm LoanPrime plus 2.75%5/30/2044415.8 415.8 469.8 0.13 %
Aspen Welding LLC(#,^)28803 US-6, Rifle, CO 81650Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%5/30/2044398.0 398.0 437.1 0.12 %
Inside & Out Maintenance LLC(#,^)1698 SW Pancoast St., Port St Lucie, FL 34987Administrative and Support ServicesTerm LoanPrime plus 2.75%5/30/202987.0 87.0 79.3 0.02 %
47
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

AGR, Inc(#,^)2-255555 Kaumualii Hwy, Kalaheo, HI 96741Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/29/2044770.8 770.8 867.4 0.24 %
Brooklyn Breakfast Shop LLC(#,^)7707 S IH 35 Frontage Rd #730, Austin, TX 78744Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/29/20294.3 4.3 4.2 — %
Canela Media Inc(#,^)2715 Palomino Circle, La Jolla, CA 92037Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/29/2029103.4 103.4 97.0 0.03 %
PD Financial LLC(#,^)364 Parsippany Rd, Unit 7-B, Parsippany, NJ 07054Credit Intermediation and Related ActivitiesTerm LoanPrime plus 2.75%5/28/204435.4 35.4 40.1 0.01 %
SV Enterprise LLC dba Haagen-Dazs(#,^)1885 Briargate Pkwy, Space D-413, Colorado Springs, CO 80920Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/24/202980.9 80.9 73.4 0.02 %
Top Notch Roofing, Inc(#,^)46 Cherry St., Milton, VT 05468Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/23/2029107.1 107.1 99.6 0.03 %
MCM Design LLC(#)5926 Vinings Vintage Way, Mableton, GA 30126Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%5/23/20298.7 8.7 8.9 — %
2820 US HWY 98 N LLC dba Total Package Car Wash(#)2820 US Hwy 98 N, Lakeland, FL 33805Repair and MaintenanceTerm LoanPrime plus 2.75%5/23/2029116.0 116.0 120.7 0.03 %
McGuckin & Pyle Inc(#,^)120 Corporate Ln, New Bern, NC 28562Machinery ManufacturingTerm LoanPrime plus 2.75%5/23/2044299.6 299.6 329.2 0.09 %
Clowers Trucking By Faith LLC(#)705 E Brookwood PL, Valdosta, GA 31601Truck TransportationTerm LoanPrime plus 6.5%5/23/202911.0 11.0 11.3 — %
ES&A, INC., A LAW CORPORATION(#,^)1003 Bishop St., Honolulu, HI 96813Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/22/202997.9 97.9 89.5 0.02 %
Bloomquist Communications Inc. dba FastSigns 42501(#,^)131 East Trinity Place, Decatur, GA 30030Miscellaneous ManufacturingTerm LoanPrime plus 2.75%5/22/202913.0 13.0 12.0 — %
Anchor Up Fitness and Nutrition, LLC(#,^)2464 US-29, Pensacola, FL 32505Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/21/202917.6 17.6 17.0 — %
Kappa Investments LLC dba Buddy's Home Furnishings(#,^)365 Lowe's Dr, Ste H, Danville, VA 24540Rental and Leasing ServicesTerm LoanPrime plus 2.75%5/17/2029377.6 377.6 343.5 0.09 %
Covalent Holding LLC(#,^)18 West Chestnut St.,Unit 2F, Chicago, IL 60610Nonstore Retailers Term LoanPrime plus 2.75%5/17/2029219.8 219.8 214.4 0.06 %
BD Branson Victorian LLC dba Branson Surrey Inn(#,^)430 a/k/a 450 South Hwy 165, Branson, MO 65616AccommodationTerm LoanPrime plus 2.75%5/17/2029222.3 222.3 232.5 0.06 %
AMP Trucking Inc(#,^)1030 Gettysburg Ave, Clovis, CA 93161Truck TransportationTerm LoanPrime plus 2.75%5/16/2029227.1 227.1 205.8 0.06 %
CJNR LLC dba Chenney Bear Cafe, Elma Lodge & Suites, Parkhurst Motel,(#,^)208 East Main St., Elma, WA 98541AccommodationTerm LoanPrime plus 2.75%5/16/202916.3 16.3 17.1 — %
Cut To The Chase 502 LLC(#,^)6903 Lakegreen Ct, Louisville, KY 40291Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/16/20292.9 2.9 2.8 — %
Two Pie Lovers LLC dba Pizza Outpost(#,^)302 E. Millitary Hwy U1122, Brackettville, TX 78832Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/10/204442.5 42.5 47.2 0.01 %
The Lobster Pot Inc(#,^)119 Hope St., Bristol, RI 02809Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/10/2044358.6 358.6 399.4 0.11 %
Crystal D. Walls dba Crystal's Cleaning Service(#)26 Cooper Rd, Byhalia, MS 38611Administrative and Support ServicesTerm LoanPrime plus 6.5%5/9/20299.0 9.0 9.3 — %
48
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Aloha To Go LLC(#,^)5903 Seminole Blvd, Seminole, FL 33772Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/9/202913.5 13.5 12.3 — %
Blue Country Firearms LLC(#,^)221 N Main St, Kingsfisher, OK 73750Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/8/204420.4 20.4 21.6 0.01 %
NYM Solutions Inc.dba NYM Solutions, Inc(#)12150 SW 128th St. CT Ste 209, Miami, FL 33186Insurance Carriers and Related ActivitiesTerm LoanPrime plus 6.5%5/6/202911.1 11.1 11.5 — %
Folklore Music Exchange LLC(#,^)617 Tennessee Ave, Charleston, WV 25302Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%5/6/20294.5 4.5 4.0 — %
Life View Prenatal Imagery, LLC(#,^)312 79th Ave North, Myrtle Beach, SC 29572Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/3/20295.3 5.3 4.9 — %
Mark Garvin dba Tipsy Canyon Winery(#,^)150 Upper Joe Creek Rd, Manson, WA 98831Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%5/3/2044103.3 103.3 117.7 0.03 %
EPIFAB,LLC(#,^)1341 Brooks St. Unit D, Ontario, CA 91762Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%5/3/202918.5 18.5 17.6 — %
Global Enterprises LLC dba Verdi Pizza(#,^)3111 S Valley View Blvd, Las Vegas, NV 89102Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/3/202918.1 18.1 16.5 — %
Art Amore Studios, LLC(#,^)6507 Jester Blvd, Ste #107, Austin, TX 78750Educational ServicesTerm LoanPrime plus 2.75%5/3/20294.8 4.8 4.4 — %
Modern Trousseau, LLC(#,^)125 Bradley Rd, Woodbridge, CT 06525Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%5/1/2029272.0 272.0 274.1 0.07 %
DeVega Juice Co, - East Cobb, LLC dba Clean Juice Johnson Ferry(#,^)1205 Johnson Ferry Rd Ste 124, Marietta, GA 30068Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/202955.9 55.9 56.8 0.02 %
Midlothian Hardware, Inc dba Grills True Value(#,^)475 West 147th St, Midlothian, IL 60445Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%4/29/202934.6 34.6 36.2 0.01 %
ASM Partners LLC(#,^)1619 Roberts Dr SE, Mableton, GA 30126Nonstore Retailers Term LoanPrime plus 2.75%4/26/2029211.1 211.1 205.2 0.06 %
Sona USA, Inc(#,^)15280 NW 79th Ct Ste 109, Miami Lakes, FL 33016TelecommunicationsTerm LoanPrime plus 2.75%4/26/2029143.4 143.4 136.8 0.04 %
Pellegrin Marine Transportation, LLC(#,^)117 Country Village Dr, Raceland, LA 70394Support Activities for TransportationTerm LoanPrime plus 2.75%4/26/2029116.8 116.8 110.8 0.03 %
Jones Roger Sherman Inn, Inc.(#,^)195 Oenoke Ridge, New Canaan, CT 06840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/25/2029132.1 132.1 138.2 0.04 %
La Dolce Vita LLC.(#,^)196 N. Holiday Rd, Miramar Beach, FL 32550Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/25/2044457.5 457.5 512.6 0.14 %
La Dolce Vita, LLC, La Dolce Vita Watersports LLC, LDV Golf Cart & Bil(#,^)196 N. Holiday Rd, Miramar Beach, FL 32550Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/25/2029432.1 432.1 410.2 0.11 %
Quality Living Medical Alert, LLC(#,^)1882 Capital Circle NE, Ste 104, Tallahassee, FL 32308Social AssistanceTerm LoanPrime plus 2.75%4/24/202947.8 47.8 46.4 0.01 %
ER & DC McPherson Holdings, LLC(#,^)6957 W Broward Blvd., Plantation, FL 33317Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/19/202942.3 42.3 38.7 0.01 %
All My Best Inc.(#,^)4320 Anthony Court Stes 1,2,3, Rocklin, CA 95677Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%4/19/202954.0 54.0 50.6 0.01 %
Expert Building Services LLC(#,^)74 Roosevelt St., Pequannock Township, NJ 07440Administrative and Support ServicesTerm LoanPrime plus 2.75%4/17/202917.6 17.6 16.0 — %
49
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Rello, Inc. dba ID Salon(#)8063 Jericho Turnpike, Woodbury, NY 11797Personal and Laundry ServicesTerm LoanPrime plus 6.5%4/17/20295.3 5.3 5.5 — %
Modern Demo & Services LLC(#,^)10161 W Park Run Dr, Las Vegas, NV 89145Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/17/2029108.0 108.0 99.1 0.03 %
2Choice2Friends dba 2 N 1 Salad Bar and Grill(#)901 W Braker Lane, Austin, TX 78758Food Services and Drinking PlacesTerm LoanPrime plus 6.5%4/17/202911.1 11.1 11.4 — %
Bottles on Broadway, LLC(#,^)1083 North BRdway, North Massapequa, NY 11758Food and Beverage Stores Term LoanPrime plus 2.75%4/17/2029111.3 111.3 102.5 0.03 %
Pranamji Inc dba Ohara's Beverage Spot(#,^)2300 Levit Rd, Lorain, OH 44052Food and Beverage Stores Term LoanPrime plus 2.75%4/16/204445.9 45.9 49.3 0.01 %
Cormac Enterprises, Inc(#,^)1205 38th Ave North, Myrtle Beach, SC 29577Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%4/16/202919.4 19.4 17.9 — %
Bill Berger LLC(#,^)8728 Tireman Ave, Detroit, MI 48204Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%4/12/20297.8 7.8 7.0 — %
J.T. ONeill Company, LLC(#,^)19972 Willowin Farm Lane, Purceville, VA 20132Real EstateTerm LoanPrime plus 2.75%4/12/20298.4 8.4 7.6 — %
P. Moss Enterprises, LLC dba Garage Experts-Mid Atlantic(#,^)3563 South River Terrace, Edgewater, MD 21037Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/12/202938.0 38.0 35.5 0.01 %
Gilpin Enterprises, LLC dba Jon Smith Subs(#,^)17790 State Rd 54, Lutz, FL 33458Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/12/202968.8 68.8 63.9 0.02 %
Southern Gulf Construction, Inc.(#,^)367 Pine Island Rd, North Fort Myers, FL 33903Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/12/202996.2 96.2 95.7 0.03 %
Samco Food Corp dba C-Town Supermarket(#,^)1761 Nostrand Ave, Brooklyn, NY 11226Food and Beverage Stores Term LoanPrime plus 2.75%4/12/202986.4 86.4 78.3 0.02 %
Maxiflex LLC(#,^)512 Verret St., New Orleans, LA 70114Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%4/11/202954.0 54.0 56.5 0.02 %
VRGE Strategies LLC(#,^)1155 15th St NW, Washington, DC 20005Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/10/202984.9 84.9 77.0 0.02 %
Georgetown Milling Co, LLC(#,^)9001 Wentworth Springs Rd, Georgetown, CA 95634Wood Product ManufacturingTerm LoanPrime plus 2.75%4/9/202911.0 11.0 10.3 — %
FRAJOVI Urban Air, LLC dba Urban Air Trampoline& Adventure Park(#,^)1256 Indian Head Rd, Toms River, NJ 08755Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%1/8/2030525.1 525.1 543.9 0.15 %
Marnon Enterprise LLC(#,^)6713 Biscay Hbr, San Antonio, TX 78249Administrative and Support ServicesTerm LoanPrime plus 2.75%4/5/20294.1 4.1 3.8 — %
Bose and Avinder, Inc.and Carmel and Preet Inc(#,^)28201 Date Palm Dr, Cathedral City, CA 92234Gasoline Stations Term LoanPrime plus 2.75%4/5/202952.0 52.0 54.3 0.01 %
Ren Investment Group Inc dba True Positon Manufacturing(#,^)40 Sandra Dr, South Windsor, CT 06074Machinery ManufacturingTerm LoanPrime plus 2.75%3/29/2029686.1 686.1 631.2 0.17 %
J Brothers Enterprises, LLC(#,^)1101 NW 12TH Ave, Ava, MO 65608Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/29/2044625.4 625.4 663.5 0.18 %
La Favorita Radio Network(#,^)4043 Geer Rd, Hughson, CA 95326Broadcasting (except Internet)Term LoanPrime plus 2.75%3/29/2029322.3 322.3 300.9 0.08 %
Hamsons Inc.(#,^)4900 Hopyard Rd, Pleasanton, CA 94588Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%3/29/2029160.9 160.9 145.6 0.04 %
50
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Key HR Associates, Inc dba Parents Choice for Kids(#,^)3150 West Park Dr, Burnsville, MN 55306Social AssistanceTerm LoanPrime plus 2.75%3/29/2044443.8 443.8 475.2 0.13 %
EJ & James Transport LLC(#,^)3100 Drewsky Lane Unit 108, Fort Mills, SC 29715Truck TransportationTerm LoanPrime plus 2.75%3/29/20298.1 8.1 7.8 — %
Royalty Freight Inc.(#,^)3728 W McKinley Ave, Fresno, CA 93772Truck TransportationTerm LoanPrime plus 2.75%3/29/2029366.5 366.5 352.7 0.10 %
Reliable Power Group Inc. dba Batteries + bulbs Pensacola(#,^)6895 N. 9th Ave Ste B, Pensacola, FL 32504Repair and MaintenanceTerm LoanPrime plus 2.75%3/29/202985.8 85.8 77.8 0.02 %
Bright Freight Solution, LLC(#,^)1112 N Main St, Manteca, CA 95336Truck TransportationTerm LoanPrime plus 2.75%3/29/2029971.3 971.3 921.7 0.25 %
Bhatti LLC dba Auntie Ann's & Bhatti LLC 1(#,^)7219 Silver Mist Ave, North Chesterfield, VA 23237Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/29/2029141.5 141.5 128.0 0.03 %
Pizzaplex L3C(#,^)4458 West Vernor Hwy, Detroit, MI 48209Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/29/202938.4 38.4 35.4 0.01 %
Raven's Place LLC(#,^)13031 S Western Ave, Blue Island, IL 60406Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/29/2044672.4 672.4 726.7 0.20 %
StillBasi Holdings, Inc. dba Buxton Auto Transport(#,^)9371 Jackson Rd, Sacramento, CA 95826Truck TransportationTerm LoanPrime plus 2.75%3/29/2029267.0 267.0 251.5 0.07 %
Stillwater Ventures, LLC(#,^)8272 W. Sunset Blvd, Los Angeles, CA 90048Nonstore Retailers Term LoanPrime plus 2.75%3/29/2029331.7 331.7 325.2 0.09 %
Felipe Antonio Del Valle M.D. P.A.(#,^)7190 SW 87th Ave Ste 203, Miami, FL 33173Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/202912.9 12.9 11.6 — %
NuBe Business Group LLC(#,^)2140 44th St SE, Ste 201, Grand Rapids, MI 49508Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/29/204439.8 39.8 45.3 0.01 %
Iredell Oral & Facial Surgery, P.C. dba Johnson Oral Surgery(#,^)229 Medical Park Rd, Ste 310, Mooresville, NC 28117Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/2044820.8 820.8 872.2 0.24 %
Bayco Enterprises, Inc(#,^)128 Cowesett Ave, West Warwick, RI 02893Gasoline Stations Term LoanPrime plus 2.75%3/29/2044192.7 192.7 219.6 0.06 %
Complete Care IT LLC(#,^)4801 South University Dr Ste 125, Davie, FL 33328Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/29/202945.0 45.0 40.8 0.01 %
Turtle Shirts, LLC(#,^)10241 Metro Pkwy# 108, Ft Myers, FL 33966Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/29/202946.1 46.1 42.5 0.01 %
Knoxville Room Service(#,^)10670 Parkside Dr, Knoxville, TN 37922Food and Beverage Stores Term LoanPrime plus 2.75%3/29/20295.8 5.8 5.4 — %
Outtasight Careers, LLC dba Gecko Hospitality(#,^)109 W Fern St., Tampa, FL 33604Administrative and Support ServicesTerm LoanPrime plus 2.75%3/29/202944.6 44.6 40.4 0.01 %
Skaggs RV Outlet ,LLC(#,^)301 Commerce Dr, Elizabethtown, KY 42701Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/28/2029214.1 214.1 223.6 0.06 %
Cleland Pharmacy LLC(#,^)202 S First St., Wakeeney, KS 67672Health and Personal Care Stores Term LoanPrime plus 2.75%3/28/202919.3 19.3 20.2 0.01 %
J.C. Pallet Company, Inc.(#,^)18427 New Kent Hwy, Barhamsville, VA 23011Wood Product ManufacturingTerm LoanPrime plus 2.75%3/28/2029386.1 386.1 380.9 0.10 %
Four Seasons Laser Center Inc.(#,^)4720 NW 2nd Ave Unit D104 and Unit D-105, Boca Raton, FL 33498Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/28/202912.9 12.9 12.8 — %
51
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

GS Bath Inc(#,^)5335 E. Kaviland Ave, Fresno, CA 93725Truck TransportationTerm LoanPrime plus 2.75%3/28/2029268.2 268.2 256.5 0.07 %
Custom Vinyl Products LLC(#,^)260 Enterprise Dr, Newport News, VA 23603Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/28/2044981.7 981.7 1,070.2 0.29 %
Cocomo Joe's LLC(#,^)3949 New Rd, Youngstown, OH 44515Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/28/20293.0 3.0 2.9 — %
PA Sobol Partners LLC dba Sobal(#,^)206 Rohrerstown Rd, Lancaster, PA 17603Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/28/202944.2 44.2 41.2 0.01 %
Ocean Trans LLC and Dehal Trucking LLC(#,^)1415 W Anderson St., Stockton, CA 95206Truck TransportationTerm LoanPrime plus 2.75%3/27/202964.3 64.3 67.1 0.02 %
Cinco Fit LLC dba Cinco Fit(#,^)23010 Highland Knolls Blvd, Ste G, Katy, TX 77494Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/27/2029141.6 141.6 128.1 0.03 %
Danielle Vance LPC, LLC dba Danielle Vance MA, LPC(#,^)2543 Eliot St., Denver, CO 80211Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/27/20294.9 4.9 4.4 — %
DC AG, LLC dba Big B Sales(#,^)674 LA- 8, Sicily Island, LA 71368Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/27/2044570.0 570.0 612.7 0.17 %
Heritage Hills Athletics 1, LLC and Heritage Hills Athletics 1, LLC(#,^)2880 Carol Rd, East York, PA 17402Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/26/20441,220.5 1,220.5 1,327.9 0.36 %
District 5 Boutique LLC(#,^)317 N Farview Ave, Paramus, NJ 07652Nonstore Retailers Term LoanPrime plus 2.75%3/26/2029107.3 107.3 97.0 0.03 %
Virginia Industrial Plastics, Inc.(#,^)2454 N East Side Hwy,, Elkton, VA 22827Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%3/22/2044290.0 290.0 330.1 0.09 %
Gary Krause dba Gary Krause Landscaping & Design(#,^)489 Hamilton Rd, Jacksonville, OR 97530Administrative and Support ServicesTerm LoanPrime plus 2.75%3/22/20295.1 5.1 4.9 — %
Skyways, LTD(#,^)350 15th St. NW, Huron, SD 57350Support Activities for TransportationTerm LoanPrime plus 2.75%3/22/2029740.7 740.7 674.9 0.18 %
J & C May Properties, LLC(#,^)315 Sylamore Ave, Mountain View, AR 72560Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/22/20441,099.3 1,099.3 1,135.3 0.31 %
Virginia Industrial Plastics, Inc.(#,^)2454 North East Side Hwy, Elkton, VA 22827Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%3/22/2029243.0 243.0 253.7 0.07 %
Dependable Lawn Care, Inc.(#,^)2320 138TH ST, Blue Island, IL 60406Administrative and Support ServicesTerm LoanPrime plus 2.75%3/21/2029467.2 467.2 442.7 0.12 %
Dependable Lawn Care, Inc.(#,^)2320 138th St., Blue Island, IL 60406Administrative and Support ServicesTerm LoanPrime plus 2.75%3/21/2044186.3 186.3 209.7 0.06 %
Pitman Holding LLC(#,^)1116 E Main St, Richmond, VA 23219Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/21/20296.4 6.4 6.1 — %
American Trails Transport, LLC(#,^)8704 Grand Ave, Billings, MT 59106Truck TransportationTerm LoanPrime plus 2.75%3/21/202947.0 47.0 44.7 0.01 %
Michigan Neurosurgical Institute P.C.(#,^)9400 South Saginaw St., Unit 1, Grand Blanc, MI 48439Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/20/2029155.5 155.5 141.2 0.04 %
Mega Trucking LLC and Olyimpian Industries LLC(#,^)5979 NW 151st St, Miami Lakes, FL 33014Truck TransportationTerm LoanPrime plus 2.75%3/20/2029343.0 343.0 333.0 0.09 %
52
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 48439Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/20/2044344.2 344.2 367.9 0.10 %
Sound Manufacturing Inc(#,^)1 Williams Lane, Old Saybrook, CT 06475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/20/202942.9 42.9 38.8 0.01 %
Marvellous Print & Ship LLC(#,^)605 W Main St, Oxford, KS 67119Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/19/20292.9 2.9 2.6 — %
Frontline Selling LLC(#,^)6505 Shiloh Rd,Units 300,310 and 320, Alpharetta, GA 30005Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/19/2029268.1 268.1 280.0 0.08 %
Game Station, Inc.(#,^)2917 1st Ave SE, Cedar Rapids, IA 52402Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/19/2029225.2 225.2 214.0 0.06 %
Panetcarne Inc.dba Jersey Mike's Subs Greenfield(#,^)23077 Greenfield Rd, Southfield, MI 48075Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/202980.0 80.0 73.8 0.02 %
B & W Towing LLC(#,^)701 Addison Rd, Painted Post, NY 14870Support Activities for TransportationTerm LoanPrime plus 2.75%3/15/202949.3 49.3 51.5 0.01 %
Stepping Stones Children's Academy LLC(#,^)1655 E Warm Springs Rd, Las Vegas, NV 89119Social AssistanceTerm LoanPrime plus 2.75%3/15/2044363.6 363.6 398.4 0.11 %
Vanchoc Transport Inc(#,^)137 3rd St, Brooklyn, NY 11231Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/15/202974.9 74.9 67.8 0.02 %
Screening Services Group, LLC(#,^)8670 Wilshire Blvd, Beverly Hills, CA 90211Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%3/14/2029250.7 250.7 232.1 0.06 %
Space Express, LLC(#,^)2775 Burris Rd, Davie, FL 33314Truck TransportationTerm LoanPrime plus 2.75%3/12/2029123.5 123.5 114.2 0.03 %
Mill Creek Early Childhood Program LLC(#,^)510 South Batavia Ave, Batavia, IL 60510Social AssistanceTerm LoanPrime plus 2.75%8/11/202954.5 54.5 49.5 0.01 %
Alpine Remediation, Inc, T & M Holdings, LLC(#,^)14252 W 44th Ave Unit F, Golden, CO 80403Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/8/202975.1 75.1 72.4 0.02 %
Precise Air Systems, Inc(#,^)5467 W San Fernando Rd, Los Angeles, CA 90039Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/8/2029231.0 231.0 211.4 0.06 %
Kalloren Provel LLC(#,^)6919 Oak Ridge Commerce Way, Austell, GA 30168Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/8/2044273.0 273.0 299.3 0.08 %
SG Welch Inc dba Sparks Auto Service(#,^)19138 Molalla Ave, Oregon City, OR 97045Repair and MaintenanceTerm LoanPrime plus 2.75%3/8/202953.2 53.2 49.0 0.01 %
Wildflour Bakery & Cafe LLC(#,^)5137 Clareton Dr Ste 100,110 & 120, Agoura Hills, CA 91301Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/8/202975.1 75.1 67.9 0.02 %
D & S Village Hardware LLC dba Cedar Mountain Country Store & Samantha(#,^)76 Ranch Rd a/k/a 3695 Movie Ranch Rd, Duck Creek, UT 84762Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/8/2044195.5 195.5 217.4 0.06 %
Seeds of Knowledge Creative Learning Center LLC(#,^)15101 West McNichols Rd, Detroit, MI 48235Social AssistanceTerm LoanPrime plus 2.75%3/7/204421.8 21.8 24.2 0.01 %
Doble Rentals, L.L.C , Doble Rentals 2, LLC, Doble Rentals 3, LLC(#,^)487 Elizabeth Lake Rd, Waterford, MI 48328Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/4/2029135.1 135.1 122.3 0.03 %
Wooter Apparel, Inc(#,^)727 Page Ave., Staten Island, NY 10307Nonstore Retailers Term LoanPrime plus 2.75%2/28/202942.6 42.6 39.2 0.01 %
53
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

NY Scoops LLC dba Cool Suppliers and Breakneck Road LLC(#,^)20 Silver Fox Lane, Sussex, NJ 07461Food ManufacturingTerm LoanPrime plus 2.75%2/28/202942.4 42.4 42.0 0.01 %
Monkey Bones LLC(#,^)3361 Dayton Xenia Rd, Beavercreek, OH 45432Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/28/204418.8 18.8 21.3 0.01 %
Woodard Electric Services, Inc.(#,^)1600 Carter Cove Rd, Hayesville, NC 28904Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/28/202918.4 18.4 16.8 — %
Shah Medical Center SC & Heeena Shyamani(#,^)484 Summit St, Elgin, IL 60120HospitalsTerm LoanPrime plus 2.75%2/28/2044245.7 245.7 254.2 0.07 %
Matrix Z LLC(#)800 SW 21st Terrace, Ft Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 6.5%2/27/202910.9 10.9 11.2 — %
Merdad Dentistry PLLC dba Easy Dental Care(#,^)7522 Old Linton Hall Rd, Gainesville, VA 20155Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/26/202913.4 13.4 12.1 — %
Harbor Management Company Inc dba Jamba Juice(#,^)5501 Josh Birmingham Pkwy Concourse A, Charlotte, NC 28208Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/22/2029127.8 127.8 116.8 0.03 %
Mia Restoration Inc dba PuroClean and Puroclean of Morristown NJ(#,^)3633 B Hill Rd, Parsippany, NJ 07054Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%2/21/202935.1 35.1 32.6 0.01 %
Citiline Cafe At Jacobs Plaza, LLC dba Citiline Cafe(#,^)12140 Wickchester Ln STE 130, Houston, TX 77079Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/20/202941.4 41.4 37.5 0.01 %
Bowl 360 Inc.(#,^)98-18 Rockaway Blvd, Far Rockaway, NY 11417Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/19/2029118.8 118.8 107.9 0.03 %
Bowl 360 Inc.(#,^)98-18 Rockaway Blvd, Ozone Park, NY 11417Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/19/2029138.5 138.5 133.6 0.04 %
Outler Transportation Services,LLC(#,^)3775 Carriage Downs CT SW, Snellville, GA 30039Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%2/19/202939.8 39.8 36.6 0.01 %
Rob Barletta's Hockey School, Inc(#,^)2130 Providence Hwy, Walpole, MA 02081Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%2/19/202992.7 92.7 96.8 0.03 %
M & M Burgers Inc dba Checkers(#,^)530 Willis Ave, Bronx, NY 10455Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/202998.8 98.8 91.1 0.02 %
Integris Roofing, Inc(#,^)1174 Yellostone Dr, Lake Arrowhead, CA 92532Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/15/202919.2 19.2 17.3 — %
Tony Herring & Associates, Inc(#,^)211 West Camellia Dr, Slidell, LA 70458Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%2/14/202912.8 12.8 13.3 — %
Par-Man, Inc. dba Rockstar Tattoo(#,^)450 Fremont St #109 and 113, Las Vegas, NV 89101Health and Personal Care Stores Term LoanPrime plus 2.75%2/14/202953.2 53.2 48.6 0.01 %
Gateway Veterinary Services, P.C. dba Liberty Animal Clinic(#,^)9212 Liberty Ave, Ozone Park, NY 11417Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/14/2044134.0 134.0 152.5 0.04 %
KHSE Parks, Inc.(#,^)600 West Charles St., Matthews, NC 28105Administrative and Support ServicesTerm LoanPrime plus 2.75%2/14/202968.2 68.2 61.7 0.02 %
Precedence Enterprises LLC dba Spartan Junk Removal(#,^)8101 Sandy Spring Rd Ste 250N, Laurel, MD 20707Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%2/8/202913.4 13.4 12.8 — %
Pamletics LLC dba F45(#,^)22015 IH 10 West, San Antonio, TX 78249Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/8/20293.2 3.2 3.1 — %
54
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

EJGR Corp dba Brite Energy Solutions(#,^)87 Main St. Upper Level, Hastings-on-Hudson, NY 10706Utilities Term LoanPrime plus 2.75%2/8/202950.8 50.8 46.1 0.01 %
Shepherd Fitness, LLC dba Workout Anytime Ooltewah(#,^)9408 Apison Pike, Ste 11, Ooltewah, TN 37363Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/8/2029144.2 144.2 137.0 0.04 %
Creative Counseling Nashville PLLC(#,^)4119 Gallatin Pike, Nashville, TN 37216Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/7/20291.9 1.9 1.7 — %
RIHAHN INC dba RDBL, INC.(#,^)1397 McGuire Rd, Lamar, AR 72846Forestry and LoggingTerm LoanPrime plus 2.75%2/5/20295.8 5.8 6.1 — %
Hernando Beach Motel Inc.,The Purple Cow House of Pancake Inc(#,^)4291 Shoal Line Blvd, Hernando Beach, FL 34607AccommodationTerm LoanPrime plus 2.75%2/1/202912.8 12.8 13.3 — %
Jesus and Son's Landscape Contractors, LLC(#,^)4371 Durham Court, Denver, CO 80239Administrative and Support ServicesTerm LoanPrime plus 2.75%2/1/202949.0 49.0 45.4 0.01 %
Employer Resource Services LLC dba Data Pool(#,^)500 Research Rd, Richmond, VA 23236Administrative and Support ServicesTerm LoanPrime plus 2.75%1/31/202930.6 30.6 27.7 0.01 %
MYC Motors Inc(#,^)3808 Vegas Dr, Las Vegas, NV 89108Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%1/30/204472.6 72.6 82.7 0.02 %
FNF LLC dba AK Wine Grotto(#,^)11109 Old Seward Hwy, Anchorage, AK 99515Food and Beverage Stores Term LoanPrime plus 2.75%1/22/2029209.4 209.4 189.5 0.05 %
IGWT Coffee, LLC dba PJ's Coffee of New Orleans(#,^)414 Union St, Nashville, TN 37219Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/18/202969.8 69.8 63.1 0.02 %
MMC Investors, LLC dba Clean Juice(#,^)2879 W 95th St. Ste 195, Naperville, IL 60564Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/18/202975.3 75.3 69.4 0.02 %
Hilco Athletics & Graphics Inc(#,^)55 Green Hill St., West Warwick, RI 02816Apparel ManufacturingTerm LoanPrime plus 2.75%1/16/204466.6 66.6 75.8 0.02 %
Fluid Connections LLC dba BurgerIM(#,^)174 El Cerrito Plaza, El Cerrito, CA 94530Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/11/202952.9 52.9 50.5 0.01 %
HSR Tacos LLC dba California Tortilla(#,^)11694 Sudley Manor Dr, Manassas, VA 20109Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/11/202946.1 46.1 41.7 0.01 %
CMLCLEARWATERBEACH.LLC dba Cousins Maine Lobster(#,^)309 Coronado Dr, Clearwater Beach, FL 33767Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/11/202976.5 76.5 70.1 0.02 %
Rashed and Shabila LLC(#,^)14865 Hwy 92, Woodstock, GA 30188Gasoline Stations Term LoanPrime plus 2.75%1/4/202919.0 19.0 18.3 — %
Romain Tower Inc. David Romaine, Sugar Land Crane and Rigging, LLC(#,^)215 S Persimmon St,, Tomball, TX 77375Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/31/2028210.6 210.6 190.5 0.05 %
The Chop House Inc.(#,^)191 Old Tower Hill Rd., South Kingstown, RI 02879Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/31/2043541.6 541.6 583.2 0.16 %
Superior Concepts Acquisition Corp(#,^)1710 Tiles Ct, Grand Haven, MI 49417Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/28/2028105.5 105.5 99.6 0.03 %
Nix and Nix Funeral Home North Inc,(#,^)1621 W. Dauphin St., Philadelphia, PA 08065Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/28/2043553.8 553.8 618.7 0.17 %
Superior Concepts Acquisition Corp(#,^)1710 Tiles Court, Grand Haven, MI 49417Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/28/2043497.4 497.4 524.4 0.14 %
Galt Insurance Group of Bonita Springs, LLC & Bonita Safety Institut(#,^)10911 Bonita Beach Rd SE Unit 104 A & 104B, Bonita Springs, FL 34135Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%12/28/204318.1 18.1 20.6 0.01 %
55
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

American Rewinding of NC Inc dba MTS(#,^)1825 N Rocky River Rd, Monroe, NC 28110Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/28/2028370.9 370.9 351.3 0.10 %
Omega Funeral and Cremation Services,LLC(#,^)9503 Kenwood Rd, Cincinnati, OH 45242Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/28/2043330.2 330.2 357.2 0.10 %
Fave Realty Inc.(#,^)74 Larkfield Rd, East Northport, NY 11731Real EstateTerm LoanPrime plus 2.75%12/27/2043119.5 119.5 136.0 0.04 %
Medworxs Inc.(#,^)6857 Timbers Dr, Evergreen, CO 80439Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/27/20288.8 8.8 8.0 — %
East Breeze LLC dba Historic Springdale Pub and Eatery(#,^)32302 East Historic Columbia River Hwy, Corbett, OR 97019Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/27/2043124.1 124.1 137.2 0.04 %
Green Valley Landscape Management Inc. dba Apopka Mower and Equipment(#,^)2975 W Orange Blossom Trail, Apopka, FL 32712Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2043448.8 448.8 481.0 0.13 %
Reservations Unlimited LLC(#)312 W Main St., Red River, NM 87558Real EstateTerm LoanPrime plus 2.75%12/26/2043137.6 137.6 152.4 0.04 %
RM Hawkins LLC(#,^)5141 Topaz Dr, Colorado Springs, CO 80918Nonstore Retailers Term LoanPrime plus 2.75%12/24/2028251.9 251.9 240.5 0.07 %
Timios Enterprises Corp dba Palm Court(#,^)1912 N Arlington Heights Rd., Arlington Heights, IL 60004Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/24/2043688.3 688.3 751.4 0.20 %
BD Branson Victorian LLC dba Branson Victorian Inn(#,^)450 South Hwy 165, Branson, MO 65616AccommodationTerm LoanPrime plus 2.75%12/24/2043481.3 481.3 534.2 0.15 %
D.A.F.S Transport, LLC(#,^)207 S. Teresa St., Monahans, TX 79756Truck TransportationTerm LoanPrime plus 2.75%12/21/2028564.1 564.1 570.3 0.16 %
Sesolinc GRP, Inc.(#,^)806 Randy Lowery Rd, Statesboro, GA 30461Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/21/2028315.0 315.0 304.2 0.08 %
The Law Office of Jared E. Shapiro, P.A(#,^)7777 Glades Rd, Ste 100, Boca Raton, FL 33434Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/20289.4 9.4 8.5 — %
Royalty Freight Inc(#,^)3728 W McKinley Ave, Fresno, CA 93722Truck TransportationTerm LoanPrime plus 2.75%12/21/202881.9 81.9 73.9 0.02 %
Fifth Wheel Truck Stop 001, Inc.(#,^)3767 South Golden State Blvd, Fresno, CA 93725Gasoline Stations Term LoanPrime plus 2.75%12/21/202886.2 86.2 77.8 0.02 %
Kyle M Walker DDS, PC(#,^)1402 W Park Ave, Orange, TX 77630Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/21/202898.6 98.6 89.0 0.02 %
Diamond Estates LLC(#,^)110 Court St Ste 1, Cromwell, CT 06416Construction of BuildingsTerm LoanPrime plus 2.75%12/21/202863.0 63.0 56.9 0.02 %
Burgess and Dudley, Incorporated(#,^)24462 NW 9th Place, Newberry, FL 32669Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/21/2028199.4 199.4 187.6 0.05 %
ETS Tree Service Inc and Eastern Tree Service, Inc(#,^)4813 Pinson Valley Parkway, Birmingham, AL 35215Administrative and Support ServicesTerm LoanPrime plus 2.75%12/21/2028193.2 193.2 185.1 0.05 %
Baseline Health, LLC & Baseline Health Management, LLC(#,^)1101 Stewart Ave Ste 104, Garden City, NY 11530Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/21/202899.8 99.8 91.8 0.03 %
Precision Bytes LLC dba Tower Connect(#,^)607 West Magnolia Ave, Fort Worth, TX 76104Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/2028109.0 109.0 98.4 0.03 %
56
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Cammarata Associates LLC(#,^)5 Greentree Center, Marlton, NJ 08053Credit Intermediation and Related ActivitiesTerm LoanPrime plus 2.75%12/21/202863.0 63.0 56.9 0.02 %
Accel Compression Inc.,Accel Workover Services Inc dba Mica Tool & Tur(#,^)4500 S Country Rd, Odessa, TX 79768Rental and Leasing ServicesTerm LoanPrime plus 2.75%6/21/2044166.2 166.2 189.5 0.05 %
C&D Trucking & Equipment Service, Inc.(#,^)4015 Jennings Rd, Cleveland, OH 44109Repair and MaintenanceTerm LoanPrime plus 2.75%12/21/2043113.2 113.2 128.7 0.04 %
LP Industries, Inc and Playground Packages, LLC(#,^)2040 Norwood, Lenoir, NC 28645Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/21/202883.1 83.1 75.2 0.02 %
Roots N Shoots, LLC & Yardplus LLC(#,^)86 Boston Rd, Chelmsford, MA 01824Administrative and Support ServicesTerm LoanPrime plus 2.75%12/20/202845.3 45.3 41.8 0.01 %
Flashii App, Inc.(#,^)75 E Santa Clara St, San Jose, CA 95113Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/20/202852.5 52.5 54.7 0.01 %
Local Liberty Inc dba The Wardsboro Country Store(#,^)23 Main St., Wardsboro, VT 05355Food and Beverage Stores Term LoanPrime plus 2.75%12/20/2043150.2 150.2 166.1 0.05 %
Alaska Motor Home Inc(#,^)6633 Brayton Dr, Anchorage, AK 99507Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/20/2028255.6 255.6 246.8 0.07 %
Graff Excavating, Inc(#,^)803 E State St., Toledo, IA 52342Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/20/2028164.2 164.2 150.5 0.04 %
CK Green Partners, LLC dba Reis and Irvy"s Columbus(#,^)5010 Augusta Dr, Westerville, OH 43082Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/20/2029162.3 162.3 157.8 0.04 %
Hotel Compete, LLC(#,^)223 W Jackson Blvd, Chicago, IL 60606Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/20/202852.5 52.5 47.4 0.01 %
Yellow Fin Marine Services LLC, K Marine XI, LLC K Marine VIII, LLC(#,^)2043 Coteau Rd, Houma, LA 70364Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/20/2028372.7 372.7 388.4 0.11 %
Healthy and Fresco LLC(#,^)1671 Belle Isle Ave Ste 110- Office C, Mount Pleasant, SC 29464Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/20/202938.7 38.7 36.1 0.01 %
JejoJesi Corp dba Dukunoo Jamaican Kitchen, Dunkunoo(#,^)316 NW 24th St., Miami, FL 33180Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/19/202963.1 63.1 60.6 0.02 %
The Cromer Company(#,^)9800 NW 78th Ave, Hialeah Gardens, FL 33016Miscellaneous Store Retailers Term LoanPrime plus 2.75%12/19/2028440.2 440.2 398.8 0.11 %
Sheldon T Banks and Sheldon T Banks LLC dba Serenity Funeral chapel ll(#)G-2340 West Carpenter Rd, Flint, MI 48505Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/19/2044405.6 405.6 449.2 0.12 %
Accent Comfort Services, LLC(#,^)5035 W. W.T. Harris Blvd Ste C, Mecklenburg, NC 28269Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/19/202857.7 57.7 52.5 0.01 %
Healthy Human, LLC(#,^)1007 Johnnie Dodds Blvd., Ste 123, Mount Pleasant, SC 29464Nonstore Retailers Term LoanPrime plus 2.75%12/14/2028104.9 104.9 94.8 0.03 %
Sound Contracting LLC(#,^)148 Holmgren Place, Girdwood, AK 99587Construction of BuildingsTerm LoanPrime plus 2.75%12/14/202835.1 35.1 33.7 0.01 %
Sound Contracting LLC(#,^)148 Holmgren Place, Girdwood, AK 99587Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/14/2043190.6 190.6 206.2 0.06 %
57
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Cordoba Foods LLC, Multi Logistics Network Inc, Karina Mena(#,^)4477 E 11th Ave, Hialeah, FL 33013Food ManufacturingTerm LoanPrime plus 2.75%12/14/2028266.7 266.7 251.5 0.07 %
YBL Restaurant Group LLC dba Tropisueno(#,^)75 Yerba Buena Lane, San Francisco, CA 94103Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/14/2029334.7 334.7 305.1 0.08 %
Alpha Omega Trucking LLC(#,^)14432-14452 Stateline Rd, Brookings, OR 97415Truck TransportationTerm LoanPrime plus 2.75%12/14/202858.8 58.8 61.3 0.02 %
Ventures TBD LLC dba The Bottle Tree(#,^)102 Davis St., Belmont, NC 28012Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/14/204395.5 95.5 102.6 0.03 %
Fitness Orlando LLC & Fitness Orlando Oviedo, LLC(#,^)160 Tuskawilla Rd Ste 1214, Winter Springs, FL 32708Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/14/2028230.9 230.9 217.0 0.06 %
Aero Consulting and Engineering Inc(#,^)7941 NW 3rd St., Plantation, FL 33324Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/14/202812.5 12.5 11.3 — %
L&M Services, LLC(#,^)560 Main St., Milford, UT 84751Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/14/2043193.5 193.5 210.9 0.06 %
Mediterranean Tastes Inc dba Mediterranean Tastes Since 1974(#,^)196-15 Northern Blvd, Flushing, NY 11318Food and Beverage Stores Term LoanPrime plus 2.75%12/14/202813.2 13.2 12.0 — %
Peanut Butter & Co., Inc.(#,^)119 West 57th St., Ste 300, New York, NY 10019Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/14/2028210.0 210.0 189.7 0.05 %
Alpha Landscape Contractors, Inc(#,^)2823 Fllintstone Rd, Millers, MD 21102Administrative and Support ServicesTerm LoanPrime plus 2.75%1/14/2029280.5 280.5 266.0 0.07 %
Tapia Auto Care, LLC dba Shoreline Quick Lube and Car Wash(#,^)2 Center Rd,, Old Saybrook, CT 06475Repair and MaintenanceTerm LoanPrime plus 2.75%12/13/2043945.5 945.5 1,009.5 0.28 %
The Miller Center for Esthetic Excellence,(#,^)22 Old Short Hills Rd,, Livingston, NJ 07039Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/13/2043378.2 378.2 390.7 0.11 %
OC Helicopters LLC(#,^)19711 Campus Dr Ste 260, Santa Ana, CA 92707Air TransportationTerm LoanPrime plus 2.75%12/13/202875.4 75.4 78.6 0.02 %
Plan B Burger LLC(#,^)484 Farmington Ave, Hartford, CT 06105Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/13/2029883.4 883.4 834.5 0.23 %
Burton Realty Co., Inc dba Anchor Realty, Northeast(#,^)2200 Michener St, Ste 12, Philadelphia, PA 19115Real EstateTerm LoanPrime plus 2.75%12/13/2028254.6 254.6 229.9 0.06 %
Mateo Enterprise Inc dba El Milagro Market(#,^)575 Panama Lane, Bakersfield, CA 93307Food and Beverage Stores Term LoanPrime plus 2.75%12/12/2043116.1 116.1 124.7 0.03 %
Tier1 Solutions LLC(#,^)1000 Essington Rd, Ste 111, Joliet, IL 60435Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/12/20298.6 8.6 7.8 — %
Mateo Enterprise Inc dba El Milagro Market(#,^)575 Panama Lane, Bakerfield, CA 93307Food and Beverage Stores Term LoanPrime plus 2.75%1/12/202950.5 50.5 45.7 0.01 %
Ashwood Food Services, Incorporated dba Jake Rooney's(#,^)119 Brooks Rd, Harwich Port, MA 02646Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/12/202956.8 56.8 53.8 0.01 %
Airstrike Firefighters LLC(#,^)18115 62nd Ave NE, Kenmore, WA 98028Support Activities for Agriculture and ForestryTerm LoanPrime plus 2.75%12/12/20281,049.6 1,049.6 1,023.9 0.28 %
Ashwood Food Services Inc. dba Jake Rooney's(#,^)119 Brooks Rd, Harwich Port, MA 02646Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/12/2043208.0 208.0 232.3 0.06 %
58
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Behind The Scenes Chicago, LLC dba Paramount Events(#,^)1750 W Lake St, Chicago, IL 60612Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/12/2029215.7 215.7 216.2 0.06 %
Googlyoogly, LLC dba Bi-Rite Supermarket(#,^)10867 W Jefferson Ave, River Rouge, MI 46218Food and Beverage Stores Term LoanPrime plus 2.75%12/11/2043196.4 196.4 210.9 0.06 %
Hilltop Wine Shop, Inc dba Hiltop Wine Shop(#,^)7505 Highland Rd, White Lake, MI 48383Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/11/2043123.8 123.8 134.8 0.04 %
Duck's Nuts Inc dba Pet Place Market(#,^)212 Bendigo Blvd. N, North Bend, WA 98045Miscellaneous Store Retailers Term LoanPrime plus 2.75%1/11/202936.5 36.5 35.1 0.01 %
Oregon Medical Training Private Career School Inc.(#,^)1126 Gateway Loop, Ste 108, Springfield, OR 97702Educational ServicesTerm LoanPrime plus 2.75%1/11/202933.7 33.7 30.5 0.01 %
TFE Resources ,LTD(#,^)11 Easter Court Ste G, Owings Mills, MD 21117Utilities Term LoanPrime plus 2.75%1/11/2029495.2 495.2 461.5 0.13 %
EMES Supply, LLC(#,^)35622 Vine St., EastLake, OH 44095General Merchandise Stores Term LoanPrime plus 2.75%1/11/2029105.1 105.1 97.2 0.03 %
B&B Bodega of Delray LLC(#,^)190 NE 2nd Ave, Delray Beach, FL 33444Food and Beverage Stores Term LoanPrime plus 2.75%1/11/202912.7 12.7 11.6 — %
White Wilson & Associates LLC(#,^)16238 Louis Ave., South Holland, IL 60473Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/11/204341.1 41.1 44.1 0.01 %
Team Henry, LLC dba Kelly Automotive of Deltona(#,^)1290 Doyle Rd, Deltona, FL 32725Repair and MaintenanceTerm LoanPrime plus 2.75%12/10/2043378.5 378.5 405.2 0.11 %
ZLM Services LLC(#,^)51343 Oro Rd, Shelby Township, MI 33444Administrative and Support ServicesTerm LoanPrime plus 2.75%1/10/202933.7 33.7 30.5 0.01 %
Food Service Industry Consultants Inc.(#,^)1465 Kelly Johnson Blvd, Colorado Springs, CO 80920Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/7/202960.2 60.2 54.6 0.01 %
CET Inc(#,^)4709 N El Capitan Ave. Ste 205, Fresno, CA 93722Truck TransportationTerm LoanPrime plus 2.75%1/6/20291,033.5 1,033.5 969.8 0.26 %
Metro R Services Inc. and Metal & Roof Supplies Inc.(#,^)20 Universal Place, Carlstadt, NJ 07072Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/6/2029174.6 174.6 182.3 0.05 %
Unique Home Solutions Inc. and Unique Home Solutions of Ohio(#,^)5550 Progress Rd, Indianapolis, IN 46241Construction of BuildingsTerm LoanPrime plus 2.75%1/5/2029213.9 213.9 223.4 0.06 %
Little West LLC, 340 Group LLC, Retail West LLc, Andrew W Walker, Cass(#,^)342 South La Brea Ave, Los Angeles, CA 90036Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/5/202977.1 77.1 70.5 0.02 %
Levine Daycare Inc dba Kids R Kids(#,^)415 Woodbury Rd, Orlando, FL 32828Social AssistanceTerm LoanPrime plus 2.75%1/5/2029227.2 227.2 216.4 0.06 %
Consulting Solutions, Inc and Mark Luciani(#,^)3000 N Federal Hwy, Ste 1, Fort Lauderdale, FL 33306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/5/202948.5 48.5 43.8 0.01 %
The Altitude Group LLC(#,^)949 A Clint Moore Rd, Boca Raton, FL 33487Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/4/2029119.9 119.9 109.0 0.03 %
Access Staffing, LLC(#,^)360 Lexington Ave 8th Floor, New York, NY 10017Administrative and Support ServicesTerm LoanPrime plus 2.75%1/4/2029163.5 163.5 147.9 0.04 %
Swantown Inn and Spa, LLC(#,^)1431 11th Ave SE, Olympia, WA 98501AccommodationTerm LoanPrime plus 2.75%1/3/202911.4 11.4 11.9 — %
York Concrete Corp(#,^)1 Plumb CT., Huntington Station, NY 11746Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/3/2043193.5 193.5 218.5 0.06 %
Microplex Co, Third Market LLC(#,^)244 Spokane Ave, Whitefish, MT 59937Food and Beverage Stores Term LoanPrime plus 2.75%12/30/2028137.8 137.8 124.6 0.03 %
59
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Luxury Furniture, Inc.dba Venicasa & Luxe Home Interiors(#,^)13762 W State Rd 84, Davie, FL 33325Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/30/2028104.4 104.4 105.8 0.03 %
Tammy's Place LLC(#,^)235 North Mosby Ave, Littleton, NC 27850Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/30/2044422.7 422.7 479.4 0.13 %
Hernando Beach Motel LLC,The Purple Cow House o APancake AInc.(#,^)4291 Shoal Line Blvd, Hernando Beach, FL 34607AccommodationTerm LoanPrime plus 2.75%11/30/2043217.4 217.4 247.2 0.07 %
Water Station Holdings LLC(#,^)1104 N Keystone Ave, Indianapolis, IN 46201Nonstore Retailers Term LoanPrime plus 2.75%12/30/2028553.7 553.7 542.5 0.15 %
Cabrera's Auto Services LLC(#,^)2206 N Central Ave, Chicago, IL 60639Repair and MaintenanceTerm LoanPrime plus 2.75%11/30/204378.4 78.4 86.1 0.02 %
JJB Production LLC(#,^)458 N 7th St., Newark, NJ 07107Administrative and Support ServicesTerm LoanPrime plus 2.75%12/29/20286.1 6.1 5.6 — %
Albert M. Quashie, DDS, PC(#,^)3331 Toledo Terrace Ste 308, Hyattsville, MD 20782Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%11/29/204362.9 62.9 68.0 0.02 %
Albert M Quashie, DDS, PC(#,^)3331 Toledo Terrace Ste 308, Hyattsville, MD 20782Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/29/202873.1 73.1 71.6 0.02 %
Sky Wonder Pyrotechnics, LLC dba Sky Wonder Fire and Safety Gear Up Te(#,^)3626 CR 203, Liverpool, TX 77577Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%11/28/2043419.9 419.9 477.3 0.13 %
Extreme Granite Corp(#,^)251 NW 1st St., Deerfield Beach, FL 33441Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/28/2043181.2 181.2 203.6 0.06 %
Level Up Gaming, Inc(#,^)1132 Creighton Rd, Pensacola, FL 32504Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%11/28/204387.0 87.0 92.2 0.03 %
True Love Christian Academy LLC(#,^)466 E Raines Rd, Memphis, TN 38109Social AssistanceTerm LoanPrime plus 2.75%12/28/204340.6 40.6 45.7 0.01 %
Best Global Alternative North, LLC(#,^)69 Lewis Ave, Atlantic Beach, NY 11509Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/21/202873.1 73.1 66.0 0.02 %
BEK Holdings LLC, Veseli Fine Art Galleries, LLC, Trusted.com LLC, Exe(#,^)12930 Worldgate Dr, Herndon, VA 20170Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/20281,077.5 1,077.5 1,123.0 0.31 %
M.A.W. Enterprises LLC dbaY-Not Pizza(#,^)45 E Main St., New Palestine, IN 46163Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/21/202818.8 18.8 17.9 — %
Thames Aquatic Club, LLC(#,^)14 Iron St., Ledyard, CT 06339Educational ServicesTerm LoanPrime plus 2.75%10/21/202938.8 38.8 40.7 0.01 %
On Call Electrical of Georgia LLC(#,^)2120 Plaster Bridge Rd NE, Atlanta, GA 30324Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/20/2043635.4 635.4 685.8 0.19 %
Commonwealth Warehouse Inc(#,^)11013 Kenwood Rd., Cincinnati, OH 45242Warehousing and StorageTerm LoanPrime plus 2.75%12/20/2028353.7 353.7 342.2 0.09 %
K & A Automotive Inc(#,^)2070 Nooseneck Hill Rd, Coventry, RI 02816Gasoline Stations Term LoanPrime plus 2.75%11/19/2043118.1 118.1 131.9 0.04 %
High Desert Transport, Inc.(#,^)2015 Woodspring Terrace, Henderson, NV 89012Truck TransportationTerm LoanPrime plus 2.75%12/19/202862.5 62.5 58.5 0.02 %
Cocomo Joe's LLC(#,^)3949 New Rd, Youngstown, OH 44515Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/16/20280.5 0.5 0.5 — %
Cali Fit Meals(#,^)3450 East Orangethrope Ave, Anaheim, CA 92806Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/16/202852.2 52.2 47.3 0.01 %
60
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Saunders Management LLC dba Northern Light Espresso Bar and Cafe(#,^)536 Spruce St, Scranton, PA 18503Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/16/202833.8 33.8 35.2 0.01 %
Beau & HB Inc dba Beau's Billiard, Bowling & Arcade(#,^)100 Village Rd, Port Lavaca, TX 77979Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/16/202936.5 36.5 37.0 0.01 %
Beau & HB Inc dba Beau's Billard, Bowling & Arcade(#,^)100 Village RD, Port Lavaca, TX 77979Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/16/204368.1 68.1 74.1 0.02 %
Allegro Assisted Living Services of Texas LLC(#,^)3400 Remington Dr, Plano, TX 75023Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%11/15/204358.7 58.7 66.7 0.02 %
Schafer Fisheries Inc.(#,^)21985 Waller Rd, Fulton, IL 61252Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/14/202843.7 43.7 45.5 0.01 %
US Dedicated LLC(#,^)13410 SE 26th Circle, Vancouver, WA 98683Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/9/2028374.3 374.3 343.6 0.09 %
Salon Femi LLC(#,^)1107 BRd St., Bloomfield, NJ 07003Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/9/20286.3 6.3 6.2 — %
McNeill Stokes(#,^)5372 Whitehall Pl SE, Mableton, GA 30126Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/8/20285.6 5.6 5.1 — %
Vancole Investments, Inc. dba Smoothie King #913(#,^)876 Virginia Ave, Hapeville, GA 30354Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/7/2044404.3 404.3 434.1 0.12 %
Peter Thomas Roth Labs LLC and June Jacobs Labs, LLC(#,^)460 Park Ave, Floor 16, New York, NY 10022Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/1/2028271.4 271.4 245.1 0.07 %
Modutech Marine Inc(#,^)2218 Marine View Dr, Tacoma, WA 98422Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%12/1/2028313.3 313.3 326.6 0.09 %
Abington Caregivers, LLC(#,^)7804 Montgomery Ave Unit 3-6, Elkins Park, PA 19027Social AssistanceTerm LoanPrime plus 2.75%11/30/2043121.3 121.3 133.5 0.04 %
Steele Security, LLC dba Signal 88 Security of San Antonio(#,^)11230 West Ave, Ste 2210, San Antonio, TX 78213Administrative and Support ServicesTerm LoanPrime plus 2.75%10/31/202892.0 92.0 84.1 0.02 %
C.A.T.I. Armor, LLC(#,^)435 Packard Hwy, Charlotte, MI 48813Apparel ManufacturingTerm LoanPrime plus 2.75%10/30/2043203.2 203.2 219.7 0.06 %
Organic Juice Bar Wexford LLC dba The OJB "The Organic Juice Bar"(#,^) 1500 Village Run Rd, Wexford, PA 15090Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/30/202968.5 68.5 63.1 0.02 %
UK, LLC dba Pita Pit(#,^)20038 West Valley HWY, Kent, WA 98032Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/30/202952.0 52.0 48.4 0.01 %
Ohio Gold & Pawn LLC, Our New Building LLC and Corey Fischer(#,^)3970 Everhard Rd, NW, Canton, OH 44709Miscellaneous Store Retailers Term LoanPrime plus 2.75%10/26/2028121.3 121.3 126.4 0.03 %
The Face Place, LLC dba Classic Aesthetics(#,^)4268 Cahaba Heights CT Ste 115, Vestavia, AL 35243Personal and Laundry ServicesTerm LoanPrime plus 2.75%10/25/20288.3 8.3 7.5 — %
Bellas Sports Pub, Inc dba Brewmasters Tavern(#,^)1152 Main St., Coventry, RI 02816Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/24/204366.9 66.9 75.7 0.02 %
Shovels and Whiskey LLC(#,^)446 SE Washington St, Hillsboro, OR 97123Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%10/16/204373.9 73.9 82.5 0.02 %
Hackstaff Restaurants LLC(#,^)248 W 1st. St. Ste 201, Reno, NV 89501Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/2029139.6 139.6 128.8 0.04 %
Cater To You Agency, LLC, dba Cater To You(#,^)1319 Sherrick Rd SE, Canton, OH 44707Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/11/204321.7 21.7 23.6 0.01 %
61
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

MB Click It Photography, LLC(#,^)100 Manchester Ranch Place, Aynor, SC 29511Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/10/204337.0 37.0 41.0 0.01 %
Faydon, Inc(#,^)1905 W Baker St., Ste A, Plant City, FL 33567Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%10/10/202862.1 62.1 64.7 0.02 %
Wellfleet Consulting Inc.(#,^)2275 Research Blvd Ste # 500, Rockville, MD 20850Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/9/202812.4 12.4 11.2 — %
Apps Inc and Market Share Inc.(#,^)80 Main St., Old Saybrook, CT 06475TelecommunicationsTerm LoanPrime plus 2.75%10/5/202874.0 74.0 66.9 0.02 %
Moore Care LLC(#,^)8550 United Plaza Blvd., Baton Rouge, LA 79809Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/4/202843.0 43.0 38.9 0.01 %
JAM Media Solutions LLC(#,^)11 Netherwood Terrace, East Orange, NJ 07017Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/28/2028768.2 768.2 762.0 0.21 %
SwabCo Inc.(#,^)2341 East Ellis St., Leveland, TX 79336Support Activities for MiningTerm LoanPrime plus 2.75%9/28/2043908.2 908.2 1,033.5 0.28 %
Throop Family Holdings, Inc(#,^)7130 Crater Lake, White City, OR 97603Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/28/2043618.9 618.9 700.9 0.19 %
Burd Brothers Inc.(#,^)4005 Borman Dr, Batavia, OH 45103Truck TransportationTerm LoanPrime plus 2.75%9/28/2028434.8 434.8 444.3 0.12 %
A-1 Van Sevices, Inc.(#,^)154 Sandy Creek Rd, Verona, PA 15147Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%9/28/202888.3 88.3 91.0 0.02 %
Rami Technology USA, LLC(#,^)10400 NW 33rd St., Miami, FL 33172Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%9/28/2028147.7 147.7 145.1 0.04 %
La Venezia Corporation dba La Venezia Ballroom & Robertos Lounge(#,^)4646 SE 11th Place, Cape Coral, FL 33904Food and Beverage Stores Term LoanPrime plus 2.75%9/28/2043318.5 318.5 364.9 0.10 %
Blackwater Diving, LLC(#,^)112 Forrest Rd, Morgan City, LA 70380Support Activities for MiningTerm LoanPrime plus 2.75%9/27/2028655.0 655.0 647.9 0.18 %
Blue Seven, LLC(#,^)11111 San Jose Blvd, Ste 70, Jacksonville, FL 32223Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/27/202949.7 49.7 49.7 0.01 %
Quality Electric & Data(#,^)85 Franklin Rd Unit 9B, Dover, NJ 07801Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/27/202881.6 81.6 83.4 0.02 %
LG Law Center, Inc(#,^)15452 Amar Rd, La Puente, CA 91744Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/27/202812.3 12.3 12.2 — %
Quality Electric & Data Inc.(#,^)85 Franklin RD Unit 9B, Dover, NJ 07801Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/27/2043124.9 124.9 140.5 0.04 %
Action Barricade Company, LLC and Barricade Holding LLC(#,^)1802 N 27th Ave, Phoenix, AZ 85009Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/27/2028252.8 252.8 258.6 0.07 %
Catherine Brandon, PSY.D., Inc dba Kenneth A Deluca, PH.D., & Associat(#,^)35888 Center Ridge Rd, Ste 5 & 6, North Ridgeville, OH 44039Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/27/202897.0 97.0 94.9 0.03 %
TFR Transit Inc, The Free Ride Inc, South Florida Free Ride Inc.,Tag-A(#,^)777 South Flagler Dr Ste 800W, West Palm Beach, FL 33401Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%9/27/2028102.4 102.4 103.5 0.03 %
Dentistry By Design, P.C(#,^)315 Walt Whitman Rd Ste 204-205, South Huntington, NY 11746Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/26/202812.3 12.3 12.1 — %
US Shipping Trans Inc, Esteem Trucking Inc(#,^)16102 Sweetwater Court, Lathrop, CA 95330Truck TransportationTerm LoanPrime plus 2.75%9/26/2028698.8 698.8 721.2 0.20 %
62
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Ace Auto Recovery, Inc.(#,^)1209 North Lane Ave, Jacksonville, FL 32254Administrative and Support ServicesTerm LoanPrime plus 2.75%9/26/2043153.8 153.8 176.1 0.05 %
LTS School, Inc.(#,^)3731 NW 9th Ave, Deerfield Beach, FL 33064Educational ServicesTerm LoanPrime plus 2.75%9/26/204397.3 97.3 113.3 0.03 %
Above and Beyond Preschool LLC(#,^)672-678 Camellia Dr, Royal Palm Beach, FL 33411Social AssistanceTerm LoanPrime plus 2.75%9/26/2043531.5 531.5 610.9 0.17 %
Newsome Mobile Notary LLC(#,^)8153 12th Ave SW, Seattle, WA 98106Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/25/20284.3 4.3 4.2 — %
Bhatti LLC, Bhatti 3 LLC, dba Auntie Annes(#,^)7219 Silver Mist Ave, North Chesterfield, VA 23237Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/25/2028102.3 102.3 101.6 0.03 %
Phillip Ramos Upholstery Inc.(#,^)3835 Elm St., Denver, CO 80207Repair and MaintenanceTerm LoanPrime plus 2.75%9/24/202812.7 12.7 12.3 — %
 D & D Optics Inc dba Sterling Optical(#,^)1487 East LaSalle Dr, Bismark, ND 58503Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/21/202844.3 44.3 43.7 0.01 %
DC Lofty, LLC,(#,^)301 I St. NW, Washington, DC 20001AccommodationTerm LoanPrime plus 2.75%9/21/202818.4 18.4 18.1 — %
Southern Services and Equipment, Inc.(#,^)321 Bayou Rd, Saint Bernard, LA 70085Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/21/2043201.4 201.4 225.7 0.06 %
MillClem Corporation & Monticello Corporation(#,^)16660 Oak St., Dillwyn, VA 22936Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%9/21/2043318.2 318.2 369.9 0.10 %
Southern Services and Equipment, Inc(#,^)321 Bayou Rd, Saint Bernard, LA 70085Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/21/2028347.0 347.0 353.3 0.10 %
The Garden Club, LLC(#,^)125 South DuBuque St., Iowa City, IA 52240Miscellaneous Store Retailers Term LoanPrime plus 2.75%9/21/20285.6 5.6 5.4 — %
Watearth Inc(#,^)445 South Figuerora Ste 3128, Los Angeles, CA 90071Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/19/202818.4 18.4 18.0 — %
Super Station Inc(#,^)8855 N Country Rd 25A, Pique, OH 45356Gasoline Stations Term LoanPrime plus 2.75%9/19/2043201.0 201.0 233.7 0.06 %
Dash Point Distributing LLC, Dash Point Logistics LLC and Sara Consal(#,^)35000 Pacific Hwy, Federal Way, WA 98003Truck TransportationTerm LoanPrime plus 2.75%9/19/2028406.5 406.5 396.4 0.11 %
Lewis River Golf Course, Inc.(#,^)3209 Lewis River Rd, Woodland, WA 98674Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/19/2043480.7 480.7 558.8 0.15 %
C3 Capital, Inc(#,^)10010 N. Hampton Cove Lane, Indianapolis, IN 46236Nonstore Retailers Term LoanPrime plus 2.75%9/19/2028522.0 522.0 536.5 0.15 %
M&P RV LLC dba M&P RV(#,^)10 Century Lane, Dillsburg, PA 17019Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%9/19/2043104.4 104.4 121.4 0.03 %
DB Talak LLC(#,^)2018 SE 6th Ave, Portland, OR 97214Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/18/2043147.2 147.2 167.2 0.05 %
E & G Enterprises LLC dba Comfort Keepers(#,^)220 Middle St., Franklin, VA 23851Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/18/20284.9 4.9 4.8 — %
Pastel de Feira LLC dba Original Pastel De Feira(#,^)4244 Pine Ridge CT, Weston, FL 33331Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/17/20285.0 5.0 5.0 — %
Glendale Grill Inc, Roddy Cameron, Jr & John K Symasko(#,^)65 Glendale St., Easthampton, MA 01027Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/17/2043168.2 168.2 191.7 0.05 %
63
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Culmination Motorsports, Inc.(#,^)160 W 91st Ave, Unit B, Anchorage, AK 99515Repair and MaintenanceTerm LoanPrime plus 2.75%9/17/2043537.9 537.9 624.3 0.17 %
Rihahn Inc. dba RDBL, Inc(#,^)1397 McGuire Rd, Lamar, AR 72846Forestry and LoggingTerm LoanPrime plus 2.75%9/14/2028115.0 115.0 115.9 0.03 %
QBS, LLC dba Sterling Optical Exton(#,^)211 W Lincoln Hwy, Exton, PA 19341Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/14/202866.5 66.5 65.2 0.02 %
L&M Equipment, Inc(#,^)Mile 2.5 Alaska Peninsula Hwy, Naknek, AK 99633Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/14/20431,201.7 1,201.7 1,374.6 0.37 %
Baby's on Broadway LLC(#,^)47 East BRdway, Little Falls, MN 56345Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%9/14/202840.9 40.9 41.4 0.01 %
J & C Garcia LLC(#,^)26 BRd St., Alexander City, AL 35010Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/14/202860.6 60.6 59.8 0.02 %
Innovim LLC(#,^)6401 Golden Triangle Dr Ste 200, Greenbelt, MD 20770Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/14/202891.2 91.2 89.0 0.02 %
Innovative Network Solutions Inc(#,^)31567 West 10 Mile Rd, Farmington Hills, MI 48336Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/13/2028102.5 102.5 101.5 0.03 %
Underground Productions LLC dba 31 Escape(#,^)1731 Decatur Hwy, Fultandale, AL 35068Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/13/204394.9 94.9 110.3 0.03 %
Rancho Paving, Inc(#,^)339 Cypress Lane, El Cajon, CA 92020Repair and MaintenanceTerm LoanPrime plus 2.75%9/10/2028153.5 153.5 159.2 0.04 %
Pool Guard of LA(#,^)10866 Washington Blvd, Apartment #24, Culver City, CA 90232Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/7/202818.4 18.4 18.0 — %
MurlinComputerCompany LLC dba Murlin Computer,(#,^)1014 Thompson Blvd Ste 38B, Sedalia, MO 65301Repair and MaintenanceTerm LoanPrime plus 2.75%9/7/202812.8 12.8 12.6 — %
Pelican Executives Suites, LLC(#,^)2200 Colorado Ave Sutie 131, Santa Monica, CA 90404Administrative and Support ServicesTerm LoanPrime plus 2.75%9/7/2028266.7 266.7 260.0 0.07 %
Dr. G's Urgent Care LLC(#,^)1425 S Congress Ave, Delray Beach, FL 33445Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/7/202818.4 18.4 18.0 — %
Asheville Spine and Nerve Institute PC(#,^)190 BRdway St Ste 205, Asheville, NC 28801Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/7/204386.8 86.8 100.7 0.03 %
Trolley Express Philly, Inc dba Shuttlebee &Honeybee Transportation LL(#,^)3401 Market St. Ste 200, Philadelphia, PA 19104Support Activities for TransportationTerm LoanPrime plus 2.75%9/6/20287.3 7.3 7.4 — %
Living Centers Inc. dba Veranda House Senior Living(#,^)5129 E 5th St, Katy, TX 77493Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%8/31/2043404.9 404.9 470.6 0.13 %
XL Soccer World Orlando. LLC, XL Soccer World Saco LLC, XL Sports Worl(#,^)825 Courtland St., Orlando, FL 32804Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/30/2043431.9 431.9 502.1 0.14 %
Stat Constructor L.P(#,^)9573 US Hwy 220, Stoneville, NC 27048Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/30/202888.1 88.1 92.7 0.03 %
ARVAmethod LLC(#,^)516 N Ogden Ave # 150, Chicago, IL 60642Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/29/20281.9 1.9 1.9 — %
Greenfield Hill Wines & Spirits, LLC(#,^)65 Hillside Rd, Fairfield, CT 06824Food and Beverage Stores Term LoanPrime plus 2.75%8/29/202874.7 74.7 73.2 0.02 %
Extreme Engineering, Inc.(#,^)598 Oliver Dr, Troy, MI 48084Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/29/2028101.5 101.5 99.4 0.03 %
64
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Kotyark LLC dba Gibsonton Motel(#,^)11545 US Hwy 41S, Gibsonton, FL 33534AccommodationTerm LoanPrime plus 2.75%8/29/204379.2 79.2 92.1 0.03 %
Graphish Studio, Inc.(#,^)231 Main St., Stamford, CT 06901Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/28/20286.1 6.1 5.9 — %
JFK Transportation Inc(#,^)4 Mechanic St, Natick, MA 01760Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%8/28/2028126.4 126.4 124.5 0.03 %
Atlas Geo-Constructors LLC(#,^)3466 Thomasville Rd Winston, Winston-Salem, NC 27107Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/24/202862.9 62.9 65.4 0.02 %
Montana Life Group, LLC(#,^)8 N 9th Ave, Bozeman, MT 59715Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%8/24/20286.1 6.1 5.9 — %
Finn & Emma LLC(#,^)1275 Bloomfield Ave Building 5 Unit 28B, Fairfield, NJ 07004Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%8/24/2028101.3 101.3 98.8 0.03 %
Wearware Inc dba FlyWire Cameras(#,^)2204 Blackmoor Park Lane, Lexington, KY 40509Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%8/24/202818.3 18.3 18.0 — %
Zash LLC dba Papa Murphy's take 'N' Bake Pizza(#,^)2303 White Bear Ave, Maplewood, MN 55025Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/23/202834.3 34.3 34.4 0.01 %
Buffalo Biodiesel Inc.(#,^)225 Sawyer Ave, Tonawanda, NY 14150Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%8/21/20281,053.1 1,053.1 1,091.7 0.30 %
 Ginekis Enterprises, Inc dba Locanda Veneta(#,^)8638 W Third St., Los Angeles, CA 90048Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/20/202872.0 72.0 70.4 0.02 %
GeoTek Alaska, Inc(#,^)2756 Commercial Dr, Anchorage, AK 99501Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/17/2044123.0 123.0 140.6 0.04 %
ATI Jet, Inc.(#,^)7007 Boeing Dr, El Paso, TX 79925Air TransportationTerm LoanPrime plus 2.75%8/16/2028165.4 165.4 169.2 0.05 %
Lewins Law, P.C.(#,^)7920 Belt Line Rd Ste 650, Dallas, TX 75254Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/16/202814.6 14.6 14.2 — %
GS Bath Inc(#,^)5335 E Kaviland Ave, Fresno, CA 93725Truck TransportationTerm LoanPrime plus 2.75%8/15/2028456.2 456.2 474.6 0.13 %
Pamletics LLC dba F45(#,^)22015 IH 10 West, San Antonio, TX 78257Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%11/14/202835.8 35.8 35.8 0.01 %
L.A. Insurance Agency GA 10 LLC(#,^)6655 Tara Blvd. Ste 401, Jonesboro, GA 30236Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%8/10/20289.1 9.1 8.9 — %
Crystal Shores Inc. dba Shorewood Laundromat(#,^)700 West Jefferson St., Shorewood, IL 60404Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/9/202818.1 18.1 18.1 — %
Palanuk & Associates, Inc.dba Wolfpk(#,^)28110 SE Fern Dr, Boring, OR 97009Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/8/202883.2 83.2 81.4 0.02 %
Mercedes Cab Company, Inc(#,^)35 Alden St., Province Town, MA 02657Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%8/7/2028105.6 105.6 104.7 0.03 %
CJNR, LLC(#,^)208 East Main St., Elma, WA 98541AccommodationTerm LoanPrime plus 2.75%8/7/2043116.9 116.9 135.9 0.04 %
Ron's Pool and Spa Services LLC(#,^)1419 NE 30th St., Pompano, FL 33064Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/3/20283.0 3.0 3.0 — %
20th Century Lanes, Inc dba West Seattle Bowl(#,^)4505 39 Ave SW, Seattle, WA 98116Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/3/202895.1 95.1 98.0 0.03 %
65
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Alma Jacobsen,ODD Family Eye Care & Contact Lens LLC(#,^)1700 Nottingham Way Ste 12A, Hamilton, NJ 08619Health and Personal Care Stores Term LoanPrime plus 2.75%8/3/202848.9 48.9 48.0 0.01 %
Millwork Unlimited, Incorporated(#,^)8264 Pine Cay Rd, Wellington, FL 33414Wholesale Electronic Markets and Agents and Brokers Term LoanPrime plus 2.75%8/2/20286.1 6.1 5.9 — %
Accel Compression Inc., Accel Workover Services, Inc(#,^)4500 S Country Rd, Odessa, TX 79765Rental and Leasing ServicesTerm LoanPrime plus 2.75%8/1/2043289.6 289.6 327.3 0.09 %
Accel Compression Inc., Accel Workover Services Inc. dba Mica Tool & T(#,^)4500 S. Country Rd 1310, Odessa, TX 79765Rental and Leasing ServicesTerm LoanPrime plus 2.75%8/1/2028388.8 388.8 398.8 0.11 %
Samy Optical LLC dba Site for Sore Eyes(#,^)1350 Travis Blvd Ste 1507A, Fairfield, CA 94533Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%8/1/202885.7 85.7 83.6 0.02 %
CSL Services Inc(#,^)7905 Browning Rd, Ste.312,314,316, Pennsauken, NJ 08109Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/27/2028440.9 440.9 443.5 0.12 %
Nunez Enterprises Corporation dba La Casa(#,^)3330 Piedmont RD NE, Atlanta, GA 30305Miscellaneous Store Retailers Term LoanPrime plus 2.75%7/26/20286.1 6.1 6.0 — %
Relevant Elephant ,LLC(#,^)ON320 Woodvale St, Winfield, IL 60190Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/25/20284.7 4.7 4.6 — %
TR Nails, LLC dba Simple Nails(#,^)158 Great Rd, Bedford, MA 01730Personal and Laundry ServicesTerm LoanPrime plus 2.75%7/20/202850.3 50.3 49.0 0.01 %
ZA Trucking LLC(#,^)5945 York Way, East Lansing, MI 48823Truck TransportationTerm LoanPrime plus 2.75%7/17/20288.3 8.3 8.4 — %
674 Club LLC(#,^)674 N Orleans, Chicago, IL 60654Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/17/2043253.2 253.2 294.4 0.08 %
HQTRONICS LLC(#,^)10135 South Roberts Rd Ste 209, Palos Hills, IL 60465Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%7/13/202850.3 50.3 49.1 0.01 %
Mother's Cantina LLC dba Mother's Cantina(#,^)2810 Philadephia Ave Unit #10, Ocean City, MD 21842Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/13/202855.4 55.4 54.5 0.01 %
Smart-tel Communications LLC(#,^)9720 W. Colfax Ave Ste 100, Lakewood, CO 80215Administrative and Support ServicesTerm LoanPrime plus 2.75%7/13/202817.0 17.0 17.9 — %
Smoove Move Productions, LLC dba Smoove Move Productions(#,^)3932 North 16th St., Omaha, NE 68110Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%7/12/20288.7 8.7 9.1 — %
Talent Logistix, LLC, Pinpoint Staffing LLC & ITC 2.0 LLC(#,^)6350 Shadeland Ave, Indianpolis, IN 46220Administrative and Support ServicesTerm LoanPrime plus 2.75%7/3/202850.3 50.3 50.0 0.01 %
Vital Inspection Professionals, Inc. dba VIP(#,^)180 Airpark Industrial Rd, Alabaster, AL 35007Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/3/2028250.6 250.6 256.8 0.07 %
US Cargo Express, LLC(#,^)4735 22 Mile Rd, Utica, MI 48317Support Activities for TransportationTerm LoanPrime plus 2.75%7/2/204381.1 81.1 94.3 0.03 %
Bio-Haz Solutions, Inc.(#,^)23 Tonoli Rd, Nesquehoning, PA 18240Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%5/29/2044356.9 356.9 397.3 0.11 %
M J Losito Electrical Contractor's, Inc(#,^)98 Wooster St., Bethel, CT 06801Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/29/202818.3 18.3 18.3 — %
Bio-Haz Solutions, Inc(#,^)23 Tonolli Rd, Nesquehoning, PA 18240Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/29/2029212.6 212.6 221.2 0.06 %
66
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Corptek Solutions LLC(#,^)2363 N. Hwy # 287 Ste # 111, Mansfield, TX 76063Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/28/202837.9 37.9 36.9 0.01 %
Critter Cabana, LLC dba Critter Cabana(#,^)516 East Main St., Newberg, OR 97132Miscellaneous Store Retailers Term LoanPrime plus 2.75%6/28/202855.1 55.1 53.6 0.01 %
National Dredging Services of North Florida, Inc.(#,^)1537 Northwest Main Blvd., Lake City, FL 32055Repair and MaintenanceTerm LoanPrime plus 2.75%6/27/204327.5 27.5 32.0 0.01 %
National Dredging Services of North Florida, Inc.(#,^)1537 Northwest Main Blvd., Lake City, FL 32055Repair and MaintenanceTerm LoanPrime plus 2.75%6/27/202842.4 42.4 44.5 0.01 %
Julie Cooper-Bierman dba Forever Shopper(#,^)7435 Piute Creek Dr, Corona, CA 92881Nonstore Retailers Term LoanPrime plus 2.75%6/27/202812.8 12.8 12.5 — %
Darnoc Enterprises Inc, Setira Paul Inc dba Conrad's Famous Bakery, In(#,^)299 Utica Ave, Brooklyn, NY 11203Food ManufacturingTerm LoanPrime plus 2.75%6/27/2043339.4 339.4 389.7 0.11 %
InUSA Ventures, Inc(#,^)508 Hyacinthus Court, San Ramon, CA 94582Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%6/27/202839.9 39.9 38.8 0.01 %
Nick's Country Kitchen, LLC(#,^)3 Flanders RD, Building #1, Bethlehem, CT 06751Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/27/202818.0 18.0 17.6 — %
Bengals, Inc. dba Royal Liquor Mart(#,^)3714 E State St., Rockford, IL 61108Food and Beverage Stores Term LoanPrime plus 2.75%6/26/2043101.7 101.7 115.4 0.03 %
Peter Thomas Roth Labs LLC, & June Jacobs Labs, LLC,(#,^)460 Park Ave, Floor 16, New York, NY 10022Health and Personal Care Stores Term LoanPrime plus 2.75%6/26/2028738.6 738.6 730.4 0.20 %
Sun Pools, Inc(#,^)130 Holiday LN, Albany, KY 42602Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%6/25/2043292.9 292.9 321.9 0.09 %
Sun Pools, Inc dba Sun Fiberglass Pools(#,^)130 Holiday Lane, Albany, KY 42602Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%6/25/2028623.9 623.9 619.3 0.17 %
DPF Filters Inc.(#,^)2832 Golden State Blvd., Madera, CA 93637Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/25/202854.8 54.8 54.1 0.01 %
Martha Beauty Supply And Braiding, Inc.(#,^)538 E Boughton Rd, Bolingbrook, IL 60440Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/22/2043133.4 133.4 154.9 0.04 %
Sushi Prime, LLC and Vasilia Investments(#,^)32 SE 2nd Ave, Delray Beach, FL 33444Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/22/2028219.0 219.0 219.7 0.06 %
Mr. Lube, Inc(#,^)721 E Westpoint Dr., Wasilla, AK 99654Repair and MaintenanceTerm LoanPrime plus 2.75%6/22/2043654.6 654.6 733.8 0.20 %
Mr. Lube, Inc.(#,^)721 E. West Point Dr, Wasilla, AK 99654Repair and MaintenanceTerm LoanPrime plus 2.75%6/22/2028516.8 516.8 525.0 0.14 %
The Desert House Assisted Living ,LLC dba The Desert House Assisted Li(#,^)11055 E Grove St, Mesa, AZ 85208Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%6/22/204375.3 75.3 86.4 0.02 %
York Woods Tree Service, LLC dba York Woods Tree and Products, LLC(#,^)300 Harold Dow Hwy, Eliot, ME 03903Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/21/2028113.8 113.8 117.0 0.03 %
York Woods Tree Service, LLC dba York Woods Tree and Products, LLC(#,^)300 Harold Dow Hwy, Elliot, ME 03903Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/21/2043233.1 233.1 263.4 0.07 %
Independent Life LLC(#,^)4955 S Durango Dr, Ste124, Las Vegas, NV 89113Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/21/202897.8 97.8 95.1 0.03 %
67
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Mid America Motorworks, Inc and Yager Holdings L.P(#,^)2900 North 3rd St., Effingham, IL 62401Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/19/2043270.7 270.7 314.3 0.09 %
Jones Roger Sherman Inn, Inc.(#,^)195 Oenoke Ridge, New Canaan, CT 06840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/19/2028369.0 369.0 387.7 0.11 %
Colovic Hackettstown Dairy LLC(#,^)22 Route 57, Hackettstown, NJ 07840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/19/2043263.0 263.0 305.1 0.08 %
Allen Theatre and Back Stage Cafe LLC(#,^)36 East. Main St., Annville, PA 17003Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%6/18/2043120.6 120.6 138.9 0.04 %
Schumacker Recreation, LLC(#,^)5325 S University Dr, Davie, FL 33328Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/18/2028119.8 119.8 125.9 0.03 %
Softrol Systems Inc dba Softrol Systems(#,^)1100 Northpoint Pkwy SE, Acworth, GA 30102Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%6/15/2028704.0 704.0 690.4 0.19 %
Oil Palace Inc.(#,^)10408 Hwy 64 East, Tyler, TX 75707Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%9/15/2043139.0 139.0 161.6 0.04 %
Northway Exit 29 Campground, Inc dba Adirondacks Jellystone Parks & Pa(#,^)4035 Blue Ridge Rd, North Hudson, NY 12855AccommodationTerm LoanPrime plus 2.75%6/15/2043207.0 207.0 240.3 0.07 %
Venzix Ventures Inc. dba Venzix(#,^)750 Legend Oak Dr, Fountain, CO 80817Nonstore Retailers Term LoanPrime plus 2.75%6/15/202810.5 10.5 10.8 — %
Dianne Williams and Louis Williams dba Sweetlips Store(#,^)3870 Sweet Lips Rd, Henderson, TN 38340Food and Beverage Stores Term LoanPrime plus 2.75%6/15/204344.3 44.3 50.6 0.01 %
Tele Tax Express Inc(#,^)166 Getty Ave, Paterson, NJ 07503Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/14/202818.0 18.0 18.6 0.01 %
Team Sandy Blanton Realty, Inc(#,^)1225 West Gregory St, Pensacola, FL 32502Real EstateTerm LoanPrime plus 2.75%6/14/204393.1 93.1 104.0 0.03 %
E & J Sims Co. LLC(#,^)28 BRd St., Bloomfield, NJ 07003Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/14/202839.9 39.9 39.6 0.01 %
Mastiff Studios LLC(#,^)2919 West Colorado Ave, Colorado Springs, CO 80904Educational ServicesTerm LoanPrime plus 2.75%6/13/204340.9 40.9 47.3 0.01 %
Icebox Cafe, L.C. and Icebox Cafe at Doral,LLC(#,^)1855 Purdy Ave, Miami Beach, FL 33139Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/8/2028665.1 665.1 654.0 0.18 %
Beyond Grooming LLC and Michelle McWatters(#,^)1200 Old Martindale Rd, San Marcos, TX 78666Miscellaneous Store Retailers Term LoanPrime plus 2.75%6/8/204341.2 41.2 47.6 0.01 %
Skyways LTD,Jet 60 LLC,Mendean Jonath, Inc,Jet AOG, Inc & Jonathan Men(#,^)426 15th St. NW, Huron, SD 57350Support Activities for TransportationTerm LoanPrime plus 2.75%6/8/2043365.3 365.3 410.7 0.11 %
Camp K-9 Pet Resort & Spa, Inc.(#,^)18501 Le Claire Ave, Tinley Park, IL 60478Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/8/20286.6 6.6 6.5 — %
Applied Behavioral Consulting, Inc(#,^)422 Blooming Grove Tpke, New Windsor, NY 12553Social AssistanceTerm LoanPrime plus 2.75%6/7/204347.9 47.9 55.2 0.02 %
H S Corporation dba Lake Anna Lodge(#,^)5152 Courthouse Rd, Spotsylvania, VA 22551AccommodationTerm LoanPrime plus 2.75%6/7/2043125.6 125.6 145.8 0.04 %
Anurag, LLC dba Oakwood Package Store(#,^)191-195 Oakwood Ave, West Hartford, CT 06107Food and Beverage Stores Term LoanPrime plus 2.75%6/6/2043132.7 132.7 149.2 0.04 %
68
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Hardway Inc and A F C Leasing, Inc(#,^)12533 S. 73rd East Place, Bixby, OK 74008Rental and Leasing ServicesTerm LoanPrime plus 2.75%6/6/2028246.8 246.8 240.2 0.07 %
Sowells Consulting Engineers, LLC(#,^)13430 Northwest Freeway #260, Houston, TX 77040Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/6/202818.0 18.0 17.5 — %
Funtime ,LLC dba Indoor Playgrounds International(#,^)13200 West Foxfire Dr Ste 144, Surprise, AZ 85378Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/5/2028211.2 211.2 205.6 0.06 %
SSD Designs LLC(#,^)10840 Bay Hill Club Dr, Charlotte, NC 28277Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%6/5/202861.4 61.4 60.1 0.02 %
Mastrocinque Restaurant Management Company LLC dba Santionii's Itali(#,^)3535 Hwy 17 Unit 14 &15, Fleming Island, FL 32003Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/1/202850.0 50.0 52.1 0.01 %
BTD Feed & Nutrition, LLC dba Thomaston Feed Cheshire(#,^)943 South Main St., Cheshire, CT 06410Miscellaneous Store Retailers Term LoanPrime plus 2.75%6/1/202838.2 38.2 37.2 0.01 %
Awan Business Management Group LLC, Awan Sign Company lLLC &Awan Promo(#,^)14429 South Wallin Dr, Plainfield, IL 60544Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/31/2043263.8 263.8 301.7 0.08 %
Seraj Wireless, LLC(#,^)132 Madison Ave, Albany, NY 12202Electronics and Appliance Stores Term LoanPrime plus 2.75%5/31/202898.9 98.9 104.0 0.03 %
Eagle Aggregate Transportation, LLC(#,^)4401 N I-35 Ste #113, Denton, TX 76207Truck TransportationTerm LoanPrime plus 2.75%5/30/202872.9 72.9 72.8 0.02 %
Crowley Ventures, LLC(#,^)665 Worthington Rd, Westerville, OH 43082Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/29/202859.1 59.1 58.0 0.02 %
Broadalbin Properties LLC dba Broadalbin Hotel & 1854 Pub & Eatery(#,^)59 West Main St, Broadalbin, NY 12025AccommodationTerm LoanPrime plus 2.75%10/25/2043194.8 194.8 226.8 0.06 %
Dream Spa LLC and Dream Spa Greenwich LLC(#,^)1220 Post Rd East, Westport, CT 06880Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/25/202883.5 83.5 81.7 0.02 %
Starship, LLC dba Tint World Smyrna(#,^)2274 S Atlanta Rd SE, Smyrna, GA 30080Repair and MaintenanceTerm LoanPrime plus 2.75%5/25/204394.2 94.2 108.5 0.03 %
Adow Pools LLC(#,^)393 Glenbrook Rd, Stamford, CT 06906Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/25/2028138.0 138.0 136.1 0.04 %
Ocean Breeze Holdings, LLC, Ocean Beach Resort LLC & Ocean Breeze LanC(#,^)3 Williams Ave, Mystic, CT 06355AccommodationTerm LoanPrime plus 2.75%5/25/20431,245.1 1,245.1 1,445.4 0.39 %
Iloka, Inc dba New Cloud Networks(#,^)160 Inverness Dr. W Ste 150, Englewood, CO 80112Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/25/2028197.9 197.9 199.0 0.05 %
DMA Equipment LLC(#,^)700 Lee St., Elk Grove Village, IL 60007Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/24/2043251.5 251.5 283.8 0.08 %
Chem-Flotronics, Inc.(#,^)195 Paterson Ave, Little Falls, NJ 07424Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%5/22/202879.2 79.2 78.0 0.02 %
Yakov Levy M.D., P.C.(#,^)70-31 108th St., Forest Hills, NY 11375Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/18/202826.7 26.7 26.2 0.01 %
Mark A Espinoza, DDS PLLC dba Central Dental Care(#,^)9315 N Central Ave, Phoenix, AZ 85020Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/18/202849.8 49.8 48.4 0.01 %
69
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

On Stage Enterprises LLC, On Stage Theaters Branson, LLC, On Stage Th(#,^)4570 W Post Rd Ste #100, Las Vegas, NV 89118Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%5/17/2028205.2 205.2 199.6 0.05 %
Joshua One Limited Liability Company dba Genesis Personal Fitness(#,^)28 North State St. Unit 100, Newtown, PA 18940Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/16/2043306.7 306.7 344.8 0.09 %
Clore Construction LLC(#,^)21220 FM 1420, Harlingen, TX 78550Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%5/16/2028118.4 118.4 118.7 0.03 %
Fireplace Outlet Inc(#,^)8216 Main St., Williamsville, NY 14221Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%5/15/202814.4 14.4 15.1 — %
James T. Hendel dba Autotexx Mobile Auto Repair(#,^)5857 Hwy101 North, Rockmart, GA 30153Repair and MaintenanceTerm LoanPrime plus 2.75%5/15/20285.9 5.9 6.2 — %
Galore Salon & Extension Lounge Inc dba Pretty Chic Hair & Lashes(#,^)5714 Edmondson Pike Ste 24, Nashville, TN 37211Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/14/20283.6 3.6 3.5 — %
Circle and Square, Inc dba Stamford Kumon(#,^)50 Forest St. Ste 902, Stamford, CT 06901Educational ServicesTerm LoanPrime plus 2.75%5/11/202835.4 35.4 34.5 0.01 %
Bote Virginia Beach, Inc. dba Bote Virginia Beach(#,^)1080 Nimmo Pkwy, Ste 104, Virginia Beach, VA 23454Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%5/11/20288.9 8.9 8.7 — %
Adhara, LLC(#,^)18123 E Appleway Ave, Spokane Valley, WA 99016Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/11/204341.8 41.8 47.6 0.01 %
Daniel Woodward, DC PLLC dba Doc's Body Shop(#,^)3084 N Goliad St., Ste 114, Rockwall, TX 75087Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/11/202827.4 27.4 26.7 0.01 %
Baby Gentry's Childcare & Learning Academy(#,^)4203 Shenandoah Dr, Dayton, OH 45417Social AssistanceTerm LoanPrime plus 2.75%5/10/20288.9 8.9 8.7 — %
Buy Gitomer Inc., Gitgo LLC.,GitGo Archives, LLC, and Jeffrey Gitomer(#,^)310 Arlington Ave Unit 329, Charlotte, NC 28203Educational ServicesTerm LoanPrime plus 2.75%5/9/2043692.9 692.9 804.4 0.22 %
Schmaltz Operations LLC dba Companion Camp(#,^)3408 Castle Rock Farm Rd, Pittsboro, NC 27312Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/7/202847.5 47.5 48.5 0.01 %
Container Shipping, LLC(#,^)533 Nova Rd Ste 213B, Ormond Beach, FL 32174Support Activities for TransportationTerm LoanPrime plus 2.75%5/4/202839.6 39.6 38.5 0.01 %
Wilbur Standford Jr Trucking and Excavating, LLC(#,^)7505 North Chases Lake Rd, Watson, NY 13343Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/3/2028190.0 190.0 196.1 0.05 %
Olmsted LLC and 626 Van LLC dba Maison Yaki(#,^)659 Vanderbilt Ave, Brooklyn, NY 11238Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/1/2029197.4 197.4 195.9 0.05 %
Metropolitan Solutions Inc.(#,^)1420 Chestnut St., Portsmouth, VA 23704Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/30/2043169.2 169.2 183.8 0.05 %
Brenden Kehren Development LLC(#,^)14689 Gemara Rd, Sparta, WI 54656Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/30/20282.4 2.4 2.3 — %
Saltamontes Tire Company, LLC(#,^)1955 Boston Ave, Brodgeport, CT 06604Repair and MaintenanceTerm LoanPrime plus 2.75%4/30/204397.8 97.8 111.7 0.03 %
Corona Dance, LLC dba Huracan Dance Studio(#,^)480 West Main St., Stamford, CT 06902Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%4/30/20289.4 9.4 9.1 — %
70
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Sunlinc Inc(#,^)170 Canterbury Court, East Windsor, NJ 08520Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/30/20287.6 7.6 7.4 — %
Kastoria Inc. dba Bantam Pizza(#,^)768 Bantam Rd, Bantam, CT 06750Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/27/202811.8 11.8 11.5 — %
Rory James Contracting LLC(#,^)33 Bennett Place, Amityville, NY 11701Construction of BuildingsTerm LoanPrime plus 2.75%4/27/202812.6 12.6 12.3 — %
Suraj Enterprises, Inc.(#,^)11720 W. Airport Rd, Meadows Place, TX 77477Food and Beverage Stores Term LoanPrime plus 2.75%4/27/2028244.8 244.8 248.4 0.07 %
Little Angels Daycare and Learning Center LLC(#,^)4551 Summit Blvd, West Palm Beach, FL 33415Social AssistanceTerm LoanPrime plus 2.75%4/27/2043153.4 153.4 178.0 0.05 %
LMH Optics LLC dba Sterling Optical(#,^)1272 Smallwood Dr West, Waldorf, MD 20603Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/26/202839.2 39.2 38.2 0.01 %
RWT Corporation dba Welding Works(#,^)32 New Rd, Madison, CT 06443Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%4/26/2028334.7 334.7 335.6 0.09 %
Pledge 4 Hope LLC(#,^)53 Bayberry Loop South, Purvis, MS 39475Data Processing, Hosting, and Related ServicesTerm LoanPrime plus 2.75%4/26/202811.1 11.1 10.8 — %
Matrix Z, LLC(#,^)800 SW 21st Terrace, Ft Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%4/26/202865.3 65.3 67.6 0.02 %
K&S Hardware LLC(#,^)1865 W Wayzata Blvd, Long Lake, MN 55356Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%4/26/202817.7 17.7 17.2 — %
RWT Corporation dba Welding Works(#,^)32 New Rd, Madison, CT 06443Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%4/26/2043202.9 202.9 223.7 0.06 %
Joe & Sons Service, Inc(#,^)855 Atwood Ave, Cranston, RI 02920Repair and MaintenanceTerm LoanPrime plus 2.75%4/24/202881.9 81.9 86.0 0.02 %
Just for Boats LLC(#,^)459 Dupre Rd, McClellanville, SC 29458Repair and MaintenanceTerm LoanPrime plus 2.75%4/20/204316.7 16.7 19.4 0.01 %
Spitnale's Garage LLC(#,^)3761 Mahoning Ave, Youngstown, OH 44515Repair and MaintenanceTerm LoanPrime plus 2.75%4/20/204357.5 57.5 65.3 0.02 %
Rosemarie Products Company LLC(#,^)5400 Crooked Tree Dr, Mason, OH 45040Health and Personal Care Stores Term LoanPrime plus 2.75%4/18/202811.8 11.8 11.5 — %
A New Dawn Psychotherapy Associates, LLC(#,^)308 E BRd St, Bethlehem, PA 18018Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/18/204383.5 83.5 93.7 0.03 %
Means Enterprises LLC(#,^)4150 Legacy Dr N Ste # 412, Frisco, TX 75034Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%4/18/20285.5 5.5 5.4 — %
James L Shoemaker APCC(#,^)221 W Judge Perez Dr, Chalmette, LA 70043Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/18/202812.6 12.6 12.2 — %
Veterinary Preventive Care, LLC(#,^)945 Riverview Ct, Xenia, OH 45385Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/18/202836.7 36.7 36.4 0.01 %
Southern Oaks Athletic Club, LLC(#,^)15253 Shenandoah Ave, BATON ROUGE, LA 70817Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/17/2043350.0 350.0 403.4 0.11 %
Southern HVAC LLC(#,^)119 Ouachita 212, Camden, AZ 71701Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/17/204321.5 21.5 24.0 0.01 %
Southern HVAC LLC(#,^)119 Ouachita 212, Camden, AR 71701Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/17/202831.0 31.0 31.5 0.01 %
Patricia A. Freeman & Samuel C. Freeman dba Teenas Pizza(#,^)35 E Main St., Pekin, IN 47165Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/13/204340.0 40.0 45.6 0.01 %
71
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Precision Components Group Inc(#,^)190 Doty Circle, West Springfield, MA 01089Miscellaneous ManufacturingTerm LoanPrime plus 2.75%4/11/202817.6 17.6 18.0 — %
Sexy Nails Center LLC(#,^)57 Passaic St., Garfield, NJ 07026Personal and Laundry ServicesTerm LoanPrime plus 2.75%4/10/2043193.2 193.2 223.1 0.06 %
Mark Baker(#,^)1653 Evalie Dr, Fairfield, OH 45014Truck TransportationTerm LoanPrime plus 2.75%4/9/20287.7 7.7 7.6 — %
Innovation Transport LLC(#,^)1 International Blvd, Ste 400, Mahwah, NJ 07495Truck TransportationTerm LoanPrime plus 2.75%4/6/202840.2 40.2 41.1 0.01 %
Newsome Mobile Notary LLC(#,^)8153 12th Ave SW, Seattle, WA 98106Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/5/20284.1 4.1 4.0 — %
Shree Lakshminarayyn Grocery Stores LLC(#,^)3307 Charles St., Rockford, IL 61108Gasoline Stations Term LoanPrime plus 2.75%4/5/2043114.5 114.5 130.9 0.04 %
Bean City Bar and Grill LLC(#,^)N 2505 Bean City Rd, New London, WI 54961Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/4/204363.0 63.0 73.1 0.02 %
Master Roofing and Siding Inc.(#,^)25 Robert Pitt Dr Ste 213, Monsey, NY 10952Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/30/2028206.1 206.1 200.5 0.05 %
Romancing the Stone(#,^)140 Centre of New England Blvd, Coventry, RI 02816Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/30/2043332.2 332.2 376.5 0.10 %
GQ Investments,LLC(#,^)5772 Miami Lakes Dr East, Miami, FL 33014Electrical Equipment, Appliance, and Component ManufacturingTerm LoanPrime plus 2.75%3/30/2028163.7 163.7 161.3 0.04 %
Alaska Industrial Paint LLC(#,^)229 Whitney Rd Unit B, Anchorage, AK 99501Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/2043212.5 212.5 242.5 0.07 %
Alaska Industrial Paint LLC(#,^)229 Whitney Rd, Unit B, Anchorage, AK 99501Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/202897.0 97.0 101.4 0.03 %
B&C Texas Leasing Inc and M&W Hot Oil, Inc.(#,^)8124 Sprague Rd, Odessa, TX 73764Truck TransportationTerm LoanPrime plus 2.75%3/30/2028769.9 769.9 786.2 0.21 %
Technical Ordnance Solutions,LLC(#,^)9950 Business Circle, Ste 13, Naples, FL 34112Fabricated Metal Product ManufacturingTerm Loan7.75%3/30/20281,052.5 1,052.5 940.0 0.26 %
Michael S Brown Physical Therapy, P.C(#,^)300 Hempstead Tpke Ste. 3 & 4, Hempstead, NY 11552Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/30/202875.8 75.8 73.8 0.02 %
Fifth Wheel Truck Stop 001(#,^)3767 S Golden State Blvd, Fresno, CA 93725Gasoline Stations Term LoanPrime plus 2.75%3/30/20431,092.2 1,092.2 1,217.7 0.33 %
B&C Texas Leasing Inc.,M & W Hot Oill, Inc(#,^)8124 Sprague Rd, Odessa, TX 79764Truck TransportationTerm LoanPrime plus 2.75%3/30/2043256.9 256.9 288.3 0.08 %
America's Little Leaders Academy, Inc(#,^)2570 NW 152nd Terrace, Opa-Locka, FL 33054Social AssistanceTerm LoanPrime plus 2.75%3/30/204321.4 21.4 24.6 0.01 %
Payne's Environmental Services LLC(#,^)5617 Causeway Blvd, Tampa, FL 33619Administrative and Support ServicesTerm LoanPrime plus 2.75%3/30/2028176.3 176.3 179.3 0.05 %
Kaz Wellness, LLC dba Grounded Wellness Center(#,^)104 Clover Court, Bartlett, IL 60103Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/202812.4 12.4 12.3 — %
Lou & Choo Enterprises Inc.(#,^)2101 West Hunting Park Ave, Philadelphia, PA 19140Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/28/2044103.5 103.5 116.5 0.03 %
Cartwright Termite & Pest Control Inc. and Cartwright Termite &Pest Co(#,^)1376 BRdway, El Cajon, CA 92021Administrative and Support ServicesTerm LoanPrime plus 2.75%3/28/2028173.6 173.6 175.9 0.05 %
Clancy 15 LLC and Allied Molded Products LLC(#,^)1145 13th Ave East, Palmetto, FL 34221Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%3/28/2028121.7 121.7 123.5 0.03 %
72
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Corning Lumber Company Inc & Frank R Close & Son Inc (#,^)111 E. Laurel St., Willows, CA 95988Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/28/202868.0 68.0 71.4 0.02 %
Clancy 15 LLC and Allied Molded Products LLC(#,^)1145 13th Ave East, Palmetto, FL 34221Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%3/28/2043205.2 205.2 229.8 0.06 %
Montage Mountain Resorts, LP(#,^)1000 Montage Mountain Rd, Scranton, PA 18505Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/28/20431,191.0 1,191.0 1,382.6 0.38 %
K.C. Communications, Inc.(#,^)2715 Saturn St., Brea, CA 92821TelecommunicationsTerm LoanPrime plus 2.75%3/27/202848.6 48.6 51.0 0.01 %
Towing Professionals of Arizona Inc dba Shamrock Towing & All Valley I(#,^)2801 W Osborn Rd, Phoenix, AZ 85017Support Activities for TransportationTerm LoanPrime plus 2.75%3/26/2043513.3 513.3 565.0 0.15 %
Denton BioFuels LLC and Amercian BioSource, LLC(#,^)624 W. University Dr.#359, Denton, TX 76201Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/23/202872.5 72.5 72.9 0.02 %
All Regional Recyclers of Wood LLC dba ARROW(#,^)104 Wooster St., Bethal, CT 06801Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/23/2028102.1 102.1 103.9 0.03 %
Sunshine Tents and Event Rentals LLC(#,^)2322 SW 58th Terrace, West Park, FL 33023Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/23/202848.2 48.2 50.6 0.01 %
Shweiki Media Inc dba Study Breaks Magazine(#,^)4954 Space Center Dr, San Antonio, TX 78218Publishing Industries (except Internet)Term LoanPrime plus 2.75%3/23/202858.3 58.3 61.2 0.02 %
Cable Management, LLC(#,^)200 Pratt St., Meriden, CT 06450Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/23/202862.5 62.5 64.4 0.02 %
Aque Investment Group LLC(#,^)3838 N. Sam Houston Parkway E, Houston, TX 77032Real EstateTerm LoanPrime plus 2.75%3/23/2028206.5 206.5 216.5 0.06 %
Kajun Martial Arts LLC(#,^)36546 Mission St., Prairieville, LA 70769Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/23/202817.5 17.5 17.2 — %
Sofasco, Inc(#,^)182 Garber Lane, Winchester, VA 22602Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/23/204395.3 95.3 106.2 0.03 %
New York Label & Box Corp(#,^)50 Oval Dr, Islandia, NY 11749Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/23/20431,197.8 1,197.8 1,360.1 0.37 %
GeoTek Alaska, Inc(#,^)2756 Commercial Dr, Anchorage, AK 99501Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/21/2043809.9 809.9 921.1 0.25 %
Rexco Foods LLC dba Papa John's(#,^)18640 Fm 1488 Ste C, Magnolia, TX 77354Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/20/202833.0 33.0 32.1 0.01 %
RTSP Union LLC(#,^)2438 Route 22 East, Union, NJ 07083Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%9/20/2028985.3 985.3 994.0 0.27 %
Cest Chic Concepts, LLC dba Salon Cest Chic(#,^)15231 Hall Station Rd Unit 104, Bowie, MD 20721Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/19/20288.7 8.7 8.6 — %
Petroleum Equipment & Services, Inc(#,^)5631 Silverado Way Unit G, Anchorage, AK 99518Support Activities for MiningTerm LoanPrime plus 2.75%3/16/2028194.4 194.4 203.9 0.06 %
Camerabots Media, LLC(#,^)4501 Ford Ave Ste 207, Alexandria, VA 22302Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%3/16/202811.6 11.6 11.5 — %
CTD Operations Inc(#,^)219 Saint Nazaire Rd STE G, Broussard, LA 70518Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/202852.1 52.1 51.2 0.01 %
Rojenco, Inc. dba Buggy Bathe Auto Wash Lube & Detail Shoppe(#,^)2217 Richmond Rd, Williamsburg, VA 23188Repair and MaintenanceTerm LoanPrime plus 2.75%3/15/2043494.5 494.5 565.6 0.15 %
73
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Bear Bones, Inc.(#,^)43 Libson St., Lewiston, ME 04240Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%3/15/204321.4 21.4 24.7 0.01 %
Rojenco, Inc. dba The Buggy Bathe Auto Wash Lube & Detail Shoppe(#,^)2217 Richmond Rd, Williamsburg, VA 23188Repair and MaintenanceTerm LoanPrime plus 2.75%9/15/204373.5 73.5 84.3 0.02 %
Rojenco II, Inc.(#,^)4357 Shore Dr, Virginia Beach, VA 23455Repair and MaintenanceTerm LoanPrime plus 2.75%3/15/2043383.4 383.4 438.6 0.12 %
Rojenco II,Inc.(#,^)4357 Shore Dr, Virginia Beach, VA 23455Repair and MaintenanceTerm LoanPrime plus 2.75%9/15/204373.5 73.5 84.3 0.02 %
Summit Insights Group LLC(#,^)19 Briant Parkway, Summit, NJ 07901Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%3/14/202816.5 16.5 16.0 — %
Dante Ultimate Cleaning Service LLC(#,^)16969 River Park Dr, Covington, LA 70345Administrative and Support ServicesTerm LoanPrime plus 2.75%3/9/20287.9 7.9 8.0 — %
2b Mom Inc dba Mom's the Word Maternity(#,^)3150 18th St., Ste 435, San Francisco, CA 94110Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%3/9/202825.8 25.8 25.1 0.01 %
SRG Waterfront LLC(#,^)88 District Square SW, Washington, DC 20005Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/9/2028226.0 226.0 221.4 0.06 %
Treft Systems Inc(#,^)1050 Kings Hwy North Ste #107, Cherry HIll, NJ 08034Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/8/202811.7 11.7 11.4 — %
Unpainted Arizona, LLC dba Westside Bowl(#,^)2617 Mahoning Ave, Youngstown, OH 44509Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/7/204399.9 99.9 113.3 0.03 %
BC Bishop Enterprises LLC dba 9Round Pooler(#,^)105-107 Grand Central Blvd, Pooler, GA 31322Educational ServicesTerm LoanPrime plus 2.75%3/2/20286.5 6.5 6.4 — %
Stepping Stones Childrens Academy(#,^)720 Rancho Del Norte Dr, Las Vegas, NV 89031Social AssistanceTerm LoanPrime plus 2.75%3/2/2043242.5 242.5 278.5 0.08 %
The Law Offices of Samuel R Miller LLC(#,^)7405 Lake Worth Rd, Lake Worth, FL 33467Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/28/2043113.2 113.2 131.2 0.04 %
Connie Engelbrecht(#,^)20640 Raven Dr, Eagle River, AK 99577Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%2/28/20282.3 2.3 2.3 — %
Merciful Heavenly Homes, LLC(#,^)401 Dillar's Mill Rd, Tyner, NC 27980Nursing and Residential Care FacilitiesTerm Loan8%2/28/204362.9 62.9 59.0 0.02 %
Urban Fitness Group LLC dba Crunch Fitness Group LLC(#,^)2800 S IH-35, Ste 220, Round Rock, TX 78681Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/28/2028172.6 172.6 181.0 0.05 %
Carey Collision Repairs Inc.(#,^)295 D Bucheimer Rd, Fredrick, MD 21701Repair and MaintenanceTerm LoanPrime plus 2.75%2/27/202857.8 57.8 57.0 0.02 %
Betty's Catering Corp, Betty's Decoration & Wedding Center Inc.(#,^)94-33 Corona Ave, Corona, NY 11373Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/26/2043337.5 337.5 391.3 0.11 %
Carries Cakes and Catering, Inc dba Carrie's Cakes and Confections(#,^)4308 Holland Rd, Virginia Beach, VA 23452Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/23/20283.7 3.7 3.6 — %
Jackpine Technologies Corporation(#,^)1 Mill & Main Pl., Ste 330, Maynard, MA 01754Publishing Industries (except Internet)Term LoanPrime plus 2.75%2/22/202828.6 28.6 30.0 0.01 %
Wellfleet Consulting Inc.(#,^)2275 Research Blvd Ste 500, Rockville, MD 20850Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/21/202811.6 11.6 11.2 — %
74
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Crossfit iQ LLC(#,^)346 Pike Rd, Bay 8 & 9, West Palm Beach, FL 33411Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/21/202832.7 32.7 32.3 0.01 %
Town & Country Transportation Co.(#,^)191-193 Arch St., New Britain, CT 06051Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%2/16/202850.9 50.9 53.4 0.01 %
New View Media Group LLC(#,^)1 Old Wolfe Rd Ste 205, Budd Lake, NJ 07828Publishing Industries (except Internet)Term LoanPrime plus 2.75%2/16/202863.6 63.6 66.7 0.02 %
Lulinjett LLC dba All American Printing & Design(#,^)4621 Bayshore Rd, Fort Myers, FL 33917Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%2/14/2043101.0 101.0 117.1 0.03 %
Margab Inc dba Smoothie King(#,^)14200 SW 8th St Unit #102, Miami, FL 33184Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/13/20289.8 9.8 9.7 — %
JumboMarkets, Inc.(#,^)15500 SW Trail Dr, Indiantown, FL 34956Food and Beverage Stores Term LoanPrime plus 2.75%2/13/2028159.9 159.9 158.5 0.04 %
Start "UP "Dreams, Inc dba SDC Concrete and Start"UP" Dream(#,^)30521 134th St SE, Sultan, WA 98294Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/9/202857.3 57.3 57.5 0.02 %
Tony Herring & Associates, Inc.(#,^)211 West Camellia Dr, Slidell, LA 70458Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%2/9/20286.4 6.4 6.7 — %
Quality Machine of Iowa, Inc(#,^)1040 4th Ave, Audubon, IA 50025Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%2/9/20281,077.4 1,077.4 1,095.9 0.30 %
Apps Inc., Market Share, and Singular Leaseholdings LLC(#,^)800 Village Walk #159, Guilford, CT 06437TelecommunicationsTerm LoanPrime plus 2.75%2/8/2028409.4 409.4 397.5 0.11 %
De La Vega LLC dba De La Vega Deland and De La Vega Oviedo(#,^)128 North Woodland Blvd, Deland, FL 32720Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/7/202864.1 64.1 63.6 0.02 %
Macrotech Integrated Management Solutions dba Extreme Lawn Care(#,^)2425 Durrance LN, Ormond Beach, FL 32174Repair and MaintenanceTerm LoanPrime plus 2.75%2/5/20289.2 9.2 9.7 — %
Midlothian Hardware Inc dba Grills True Value(#,^)4751 West 147th St., Midlothian, IL 60445Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%2/2/202811.6 11.6 12.1 — %
USA General Investment LLC dba Braniff Paint and Body Shop(#,^)2290 NW 21st Terrace, Miami, FL 33142Repair and MaintenanceTerm LoanPrime plus 2.75%1/31/202811.4 11.4 11.3 — %
Rocco'sLandscaping LLC(#,^)151 Kitts Lane, Newington, CT 06111Administrative and Support ServicesTerm LoanPrime plus 2.75%1/31/204371.2 71.2 82.6 0.02 %
Chace Building Supply of CT Inc.,(#,^)90 Route 171, Woodstock, CT 06281Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%1/31/2043284.6 284.6 329.9 0.09 %
WydeBodi, LLC dba Wyde Bodi Auto Tags(#,^)706 North 37th St., Philadelphia, PA 19104Support Activities for TransportationTerm LoanPrime plus 2.75%1/30/204345.1 45.1 51.6 0.01 %
New Phaze Packaging Inc(#,^)9533 Irondale Ave, Los Angeles, CA 91311Paper ManufacturingTerm LoanPrime plus 2.75%1/26/2043911.1 911.1 1,055.7 0.29 %
Concrete Services LLC and James Ward(#,^)24 County Rd 901, Jemison, AL 35085Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/25/202876.3 76.3 76.7 0.02 %
Parati USA Inc(#,^)1018 Wilt Ave, Ridgefield, NJ 07657Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%1/25/202812.9 12.9 12.5 — %
Flair Interiors, Inc dba Giant Don's Flooring America(#,^)7725 Old Seward Hwy, Anchorage, AK 99502Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%1/24/2028104.9 104.9 110.1 0.03 %
75
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Tier1 Solutions LLC(#,^)1000 Essington Rd, Juliet, IL 60435Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/23/20285.7 5.7 5.6 — %
Lavish Specs Inc(#,^)262 Glen St., Glen Cove, NY 11542Machinery ManufacturingTerm LoanPrime plus 2.75%1/19/20285.7 5.7 5.6 — %
Weeping Willow Kennels, Inc.(#,^)6041 Hammond School Rd, Salisbury, MD 21804Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/19/20288.0 8.0 8.4 — %
Lou & Choo Enterprises Inc dba Lou & Choo Lounge(#,^)2101,2103 & 2105 West Hunting Park Ave, Philadelphia, PA 19140Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/18/2043109.2 109.2 123.4 0.03 %
MedWorxs Inc.(#,^)6857 Timbers Dr., Evergreen, CO 80439Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/18/202860.1 60.1 58.4 0.02 %
Specialized Dairy Processors LLC and Nathaly Zapata(#,^)2200 N Commerce Parkway, Weston, FL 33326Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/16/202849.6 49.6 48.2 0.01 %
Work of Heart Inc dba Little Nest Portraits(#)1000 Merdian Blvd, Ste 112, Franklin, TN 37067Professional, Scientific, and Technical ServicesTerm Loan7.5%1/10/20284.7 4.7 4.2 — %
Human Resource Time Manager LLC(#,^)2737 Humphrey St., East Elmhurst, NY 11369Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/8/202811.8 11.8 12.4 — %
Sandfree Systems LLC(#,^)116 Cricket Ave Ste B, Ardmore, PA 19003Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/5/20285.7 5.7 6.0 — %
Crad Holding LLC dba Neighborhood Laundry of Bloomfield(#,^)60 Dodd St., Bloomfield, NJ 07003Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/5/202847.7 47.7 46.5 0.01 %
Social Link LLC(#,^)41Peabody St., Nashville, TN 37210Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/29/20278.5 8.5 8.3 — %
Farec, Inc(#)30250 W Nine Mile Rd, Farmington, MI 48336Amusement, Gambling, and Recreation IndustriesTerm Loan7.5%12/29/2042242.4 242.4 223.1 0.06 %
Morrocco Method, Inc(#,^)800 Farroll Rd, Grover Beach, CA 93433Chemical ManufacturingTerm LoanPrime plus 2.75%12/27/2042690.1 690.1 792.1 0.22 %
Lab Partner, LLC and Beechtree Diagnostics, LLP and Cottonwood Diag(#,^)12351 Gateway Park Place, Draper, UT 84020Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/22/2027588.6 588.6 574.9 0.16 %
Anderson Farms Inc(#)271 West Hwy 30, Burley, ID 83318Truck TransportationTerm Loan7.5%12/22/20274,214.0 4,214.0 3,775.5 1.03 %
Landmark Ventures USA Inc(#,^)475 Park Ave South 25th Floor, New York, NY 10016Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%12/22/202747.3 47.3 45.8 0.01 %
Salida Family Chiropractic-PPLC dba Salida Sport and Spine(#,^)203 G St., Salida, CO 81201Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/22/20279.1 9.1 8.8 — %
O'Rourke's Diner, LLC(#,^)728 Main St., Middleton, CT 06457Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/22/20272.8 2.8 2.9 — %
Medical Plaza of Boro Park PC(#,^)1266 51St 1st Floor, Brooklyn, NY 11219Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/22/202728.9 28.9 28.0 0.01 %
Muckamuck Trucks, Inc.(#,^)510 S Spring St., Ukiah, CA 95482Truck TransportationTerm LoanPrime plus 2.75%12/22/202710.4 10.4 10.6 — %
DHD Enterprise LLC dba Edible Arrangements #1699(#,^)828 Washington Ave, Miami Beach, FL 33139Miscellaneous Store Retailers Term LoanPrime plus 2.75%12/21/202717.2 17.2 17.1 — %
76
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

CT Auto Spa LLC(#,^)39 Albany Turnpike, West Simsbury, CT 06092Repair and MaintenanceTerm LoanPrime plus 2.75%12/21/2027162.1 162.1 169.7 0.05 %
Blue Lagoon Resort, LLC dba Hill View Cottages(#,^)3670 Lake Shore Dr, Lake George, NY 12845AccommodationTerm LoanPrime plus 2.75%12/21/2042178.6 178.6 206.7 0.06 %
DBMS Consulting, Inc.(#,^)164 West 83rd St.- Units CF1 and CF2, New York, NY 10024Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/20/202756.6 56.6 57.7 0.02 %
Best Quality Home Care LLC(#,^)317 S Berry St., Centralia, WA 98531Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%12/19/20275.0 5.0 4.8 — %
Auto Excellance of Fort Myers Inc.(#,^)3105 Fowler St., Fort Myers, FL 33901Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%12/19/2042100.8 100.8 116.6 0.03 %
Peanut Butter & Co., Inc(#,^)119 West 57th St., Ste 300, New York, NY 10019Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/15/2027170.2 170.2 164.9 0.04 %
Capital Containers LLC(#,^)7610 Auburn Blvd #4B, Citrus Heights, CA 95610Truck TransportationTerm LoanPrime plus 2.75%12/15/202711.2 11.2 11.1 — %
JMD Aviation Holdings, LLC(#,^)8050 North West 90th St., Medley, FL 33166Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/15/2027399.8 399.8 418.5 0.11 %
Ocean Trans LLC & Dehal Trucking LLC(#,^)1415 W. Anderson St., Stockton, CA 95206Truck TransportationTerm LoanPrime plus 2.75%12/15/2042592.1 592.1 656.9 0.18 %
1-0 Granny's Helpful Hands, LLC(#,^)705 East Lake St., Minneapolis, MN 55407Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%12/15/202717.0 17.0 16.6 — %
Legion Bowl, Inc & Legion Pub Inc(#,^)661 Park St., Cranston, RI 02910Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/15/2042313.9 313.9 363.3 0.10 %
LP Industries Inc. dba Childforms(#,^)2040 Norwood St. SW, Lenoir, NC 28645Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%12/14/202760.3 60.3 61.9 0.02 %
Beale Street Blues Company Inc.dba B.B. King's Club-Memphis(#,^)149 Monroe Ave, Memphis, TN 38103Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/14/2027762.0 762.0 742.0 0.20 %
Barcade Holdings, LLC ,Barcade LLC,& Barcade New Haven LLC(#,^)148 West 24th St., New York, NY 10011Management of Companies and EnterprisesTerm LoanPrime plus 2.75%12/14/202744.9 44.9 44.0 0.01 %
Royalty Freight Inc(#,^)3728 W Mckinley Ave, Fresno, CA 93722Truck TransportationTerm LoanPrime plus 2.75%12/14/2027501.4 501.4 485.9 0.13 %
KR Calvert & Co, LLC(#,^)113 Seaboard Lane #C-270, Franklin, TN 37067Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%12/14/2027405.8 405.8 394.1 0.11 %
Atlas Geo-Constructors, LLC(#,^)3466 Thomasville Rd, Winston Salem, NC 27107Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/14/2027238.6 238.6 244.2 0.07 %
AADJ Empire Inc and AADJ Galaxy Inc.(#,^)1599 Post Rd, Warwick, RI 02888Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/14/2042171.9 171.9 192.5 0.05 %
Heung Kyun Im(#,^)6235 Conlan Bay Dr, Houston, TX 77041Nonstore Retailers Term LoanPrime plus 2.75%12/14/202711.7 11.7 11.3 — %
Hardway Inc & AFC Leasing Inc(#,^)12533 S. 73rd E. Place, Bixby, OK 74008Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/13/2027707.3 707.3 685.5 0.19 %
Nichols Fire and Security LLC(#,^)1906 Vanderhorn Dr, Memphis, TN 38134Administrative and Support ServicesTerm LoanPrime plus 2.75%12/13/204283.0 83.0 93.9 0.03 %
LPB LPB Property Management Inc dba Wilderness View Cabins & Ellijay C(#,^)498 Wilderness View, Chatsworth, GA 30705Real EstateTerm LoanPrime plus 2.75%12/12/204294.8 94.8 109.7 0.03 %
77
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Clore Construction LLC(#,^)21220 FM 1420, Harlingen, TX 78550Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/12/2027348.5 348.5 355.6 0.10 %
Jai Ganeshai LLC, Mahiveera 1 LLC, Mahiveera 2 LLC & KSVP LLC(#,^)1120 Wren School Rd, Piedmont, SC 29673Gasoline Stations Term LoanPrime plus 2.75%12/12/202737.9 37.9 36.8 0.01 %
Sky Way Enterprises, Inc, A-Liner-8-Aviation, Inc, Kissimmee Aviation(#,^)3031 Patrick St, Kissimmee, FL 34741Air TransportationTerm Loan8.25%12/12/2027430.9 430.9 383.7 0.10 %
Big Picture Group LLC(#,^)935 N La Jolla, Los Angeles, CA 90046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/12/2027299.7 299.7 297.4 0.08 %
A-1 Van Services Inc(#,^)154 Sandy Creek Rd, Verona, PA 15147Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%12/12/2027566.6 566.6 579.9 0.16 %
Clear Sound Communications, Inc(#,^)680 Old Medford Ave, Medford, NY 11763Administrative and Support ServicesTerm LoanPrime plus 2.75%12/8/20272.8 2.8 2.8 — %
AV Strategy Inc(#,^)9468 American Eagle Way Ste 100, Orlando, FL 32837Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/8/2027353.8 353.8 356.0 0.10 %
Kim Howard Corp dba NPN Machine Tools(#,^)9130 Wayfarer Lane, Houston, TX 77075Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/7/2042562.5 562.5 650.5 0.18 %
ODS Inc(#,^)626 N Delsea Dr, Glassboro, NJ 08028Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/6/202737.1 37.1 37.1 0.01 %
Healthcare Interventions, Inc dba Brightstar Healthcare of & Brightsta(#,^)5300 W. Atlantic Ave. Ste 501, Delray Beach, FL 33484Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/4/202711.3 11.3 11.0 — %
Oil Palace, Inc.(#,^)10408 Hwy 64 East, Tyler, TX 75707Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%12/4/2042945.4 945.4 1,094.3 0.30 %
PS Camping Inc.(#,^)43595 US Hwy 50, Canon City, CO 81212AccommodationTerm Loan8.25%12/1/202718.1 18.1 17.5 — %
Linda Jean Howard Riley dba The Rusty Bolt(#,^)22345 W. Rt 66, Seligman, AZ 86337Miscellaneous Store Retailers Term LoanPrime plus 2.75%12/1/204219.9 19.9 23.0 0.01 %
Utara LLC(#,^)214 Pine St, Sandpoint, ID 83864Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/1/202717.6 17.6 17.6 — %
Salud Bar & Grill LLC(#,^)1413 Bushwick Ave, Brooklyn, NY 11207Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/1/202742.5 42.5 41.3 0.01 %
Square1 Partners, LLC(#,^)1088 Greenbriar Lane, Northbrook, IL 60062Publishing Industries (except Internet)Term LoanPrime plus 2.75%12/1/202747.1 47.1 45.6 0.01 %
Fortress Verve Inc, Maurice R. Margules and Antonie C. Reinhard(#,^)1 Jackson St., Troy, NY 12180Miscellaneous Store Retailers Term LoanPrime plus 2.75%11/30/202778.6 78.6 82.3 0.02 %
WTI Distribution Inc(#,^)5491 E Francis St, Ontario, CA 91761Support Activities for TransportationTerm LoanPrime plus 2.75%11/30/202730.0 30.0 30.4 0.01 %
Skin Beauty Bar Inc. and Tameka J. Mathis(#,^)749 8th St. SE 2nd Floor, Washington, DC 20003Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/30/20276.7 6.7 6.7 — %
J. Venture Holdings, LLC(#,^)2285 St. Andrews Ave, Zachary, LA 70791Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/30/20279.3 9.3 9.8 — %
Our Playhouse Preschool, LLC(#,^)3501 NC Hwy 54 W, Chapel hill, NC 27516Social AssistanceTerm LoanPrime plus 2.75%11/29/2042221.8 221.8 256.8 0.07 %
78
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

OPH Lexington, Inc(#,^)235 Walton Ave, Lexington, KY 40502Social AssistanceTerm LoanPrime plus 2.75%11/29/2042180.4 180.4 208.9 0.06 %
Beacon Brewing LLC and C' Sons, LLC(#,^)700 Lincoln St., Lagrange, GA 30204Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/27/2042120.2 120.2 139.1 0.04 %
JMD Corporation dba Dart's True Value(#,^)121 South Main St., Payette, ID 83661Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%11/22/202714.0 14.0 14.2 — %
Webtez Inc dba Mod Vans(#,^)1673 Donlon St., Ste 202, Ventura, CA 93003Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%11/22/202752.4 52.4 51.0 0.01 %
Step Up Academy of the Arts, LLC(#,^)2258A Wigwam Parkway, Henderson, NV 89074Educational ServicesTerm LoanPrime plus 2.75%11/22/202711.8 11.8 11.4 — %
Grumpy's Restaurant Company, LLC(#,^)834 Kingsley Ave, Orange Park, FL 32073Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/21/202753.2 53.2 51.7 0.01 %
Cali Fit Meals(#,^)3450 East Orangethrope Ave, Anaheim, CA 92806Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/21/202716.9 16.9 17.1 — %
PB Market LLC dba Pure Barre(#,^)164-C Market St, Charleston, SC 29401Educational ServicesTerm LoanPrime plus 2.75%11/21/202781.3 81.3 78.8 0.02 %
B Lam LLC(#,^)9419 Kenwood Rd, Cincinnati, OH 45242Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/20/2042171.6 171.6 196.8 0.05 %
Maya Motel, LLC dba Town House Motel(#,^)1701 Washington Ave, Waco, TX 76701AccommodationTerm LoanPrime plus 2.75%11/17/204254.0 54.0 62.5 0.02 %
Southern Specialty Contractor, LLC & Ronald David Holbrook Jr.(#,^)1990 Flippen Rd, Stockbridge, GA 30281Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/17/202739.7 39.7 38.7 0.01 %
SSI Refrigerated Express Inc. and Robert M Stallone(#,^)1001 E. Cooley Dr Ste 102, Colton, CA 92324Truck TransportationTerm LoanPrime plus 2.75%11/17/202745.9 45.9 45.1 0.01 %
H & H Hotshot Services, Inc.(#,^)5455 N. 51st Ave Ste 30, Glendale, AZ 85301Couriers and MessengersTerm LoanPrime plus 2.75%11/16/202752.4 52.4 52.1 0.01 %
J R Wholesale Tires & Auto Center, LLC(#,^)822 Cameron Lane, Lugoff, SC 29078Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%11/15/204212.8 12.8 14.8 — %
Marcaco LLC(#,^)124 Lincoln Ave, Colonie, NY 12205Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%11/15/2042498.6 498.6 577.1 0.16 %
Auto Rx LLC,J&P Auto Repair Inc(#,^)91 & 95 Woodbury Rd, Hicksville, NY 11801Repair and MaintenanceTerm LoanPrime plus 2.75%11/15/2042185.8 185.8 214.9 0.06 %
Paramount Dance Studios Inc. and Homestead Dance Supply(#,^)112 N Krome Ave, Homestead, FL 33030Educational ServicesTerm LoanPrime plus 2.75%10/14/2043446.9 446.9 510.3 0.14 %
Wing King at the Gardens LLC(#,^)4235 South Fort Apache Rd, Ste 250, Las Vegas, NV 89147Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/10/20277.3 7.3 7.0 — %
Hofgard & Co, Inc dba Hofgard Benefits and James Marsh(#,^)400 S. McCaslin Blvd, Ste 201, Louisville, CO 80027Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%11/8/202711.2 11.2 10.9 — %
His Loving Hands Christian Academy, Inc.(#,^)15020 Harrison St., Miami, FL 33176Social AssistanceTerm LoanPrime plus 2.75%11/6/204286.9 86.9 99.6 0.03 %
S & S Auto Body Shop Inc.(#,^)5001 W. Clay St., Richmond, VA 23230Repair and MaintenanceTerm LoanPrime plus 2.75%11/3/2042145.9 145.9 168.9 0.05 %
79
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Sterling Campbell Insurance Agency, Inc(#,^)36359 North Gantzel Rd Ste 102, San Tan Valley, AZ 85140Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%11/3/20275.6 5.6 5.4 — %
Top Quality Dent Service LLC(#,^)1541 Vapor Trail, Colorado Springs, CO 80905Repair and MaintenanceTerm LoanPrime plus 2.75%11/2/20274.5 4.5 4.4 — %
 Edge Studios Inc Radiant Yoga LLC(#,^)448 Howe Ave, Sacramento, CA 95825Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%11/1/202750.3 50.3 49.4 0.01 %
Rachael Reel dba Rachel Reel Insurance Age(#,^)208 Bank St., Lenoir, TN 37771Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%10/31/20275.6 5.6 5.4 — %
Berza TLG,LLC dba The Little Gym of Lake Charles(#,^)1301 E McNeese St., Ste 201, Lake Charles, LA 70607Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%10/31/202731.5 31.5 30.9 0.01 %
Die Hard Used Car Sales(#,^)1668 West Grand Ave, Phoenix, AZ 85007Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%10/30/204253.4 53.4 61.8 0.02 %
The Five Lakes LLC(#,^)13705 Holmes Rd, Kansas City, MO 64154Educational ServicesTerm LoanPrime plus 2.75%10/30/2042449.0 449.0 519.7 0.14 %
Sage Oil LLC(#,^)8913 Egyptian Ave, Las Vegas, NV 89143Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%10/27/20277.4 7.4 7.2 — %
Blue Eagle Transport Inc , Golden Eagle Transport, Inc & Green Eagle T(#,^)377 Boston Post Rd Unit B, Milford, CT 06460Couriers and MessengersTerm LoanPrime plus 2.75%10/27/202729.2 29.2 28.8 0.01 %
Ashore Ventures Inc dba PuroClean Professional Restoration(#,^)909 SE Everett Mall Way Ste A-140, Everett, WA 98208Repair and MaintenanceTerm LoanPrime plus 2.75%10/27/202710.8 10.8 10.6 — %
Suzie LLC dba Tony D's Restaurant(#,^)92 Huntington St., New London, CT 06320Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/25/204282.7 82.7 95.3 0.03 %
Grand Blanc Lanes, Inc.(#,^)5301 S. Saginaw Rd, Flint, MI 48507Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%10/25/202711.1 11.1 11.6 — %
Schafer Fisheries Inc(#,^)21985 Waller Rd, Fulton, IL 61252Food ManufacturingTerm LoanPrime plus 2.75%10/25/202727.4 27.4 28.7 0.01 %
Island Refrigeration & AC Inc(#,^)3201 Flagler Ave, Unit 510 & 511, Key West, FL 33040Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/18/2042125.3 125.3 142.6 0.04 %
Looky Enterprises, LLC(#,^)1175 Surlington Ave, Ste 101, Leland, NC 28451Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/18/202749.3 49.3 48.6 0.01 %
Blueridge Armor LLC(#,^)1495 Hwy 74-A Bypass, Ste 150192, Spindale, NC 28160Miscellaneous ManufacturingTerm LoanPrime plus 2.75%10/17/20276.1 6.1 6.2 — %
H and K Dry Cleaning LLC ,Quintero Shopping Center LLC,Aqua Laundry(#,^)1227 Burnside Ave, East Hartford, CT 06108Electronics and Appliance Stores Term Loan7.5%10/17/204261.1 61.1 57.2 0.02 %
Cortez Landscaping, LLC(#,^)4 Powder Rd, Norwalk, CT 06854Administrative and Support ServicesTerm LoanPrime plus 2.75%10/13/202714.2 14.2 14.3 — %
On Call Services LLC(#,^)15060 281St Ave NW, Zimmerman, MN 55398Construction of BuildingsTerm LoanPrime plus 2.75%10/13/202713.4 13.4 14.0 — %
Pro Anderson, LLC(#,^)1092 Hampton Inn Way, Ste 400, Jacksonville, NC 28546Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%10/11/202740.1 40.1 39.2 0.01 %
Eye Optique Inc.(#,^)10800 Alpharetta Hwy, Ste 220, Roswell, GA 30076Health and Personal Care Stores Term LoanPrime plus 2.75%10/5/202711.1 11.1 10.8 — %
80
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Ains Holding Company LLC(#,^)121 Fulton St., New York, NY 10038Management of Companies and EnterprisesTerm LoanPrime plus 2.75%10/2/202769.2 69.2 68.0 0.02 %
Becky Lou Corp dba Rent A Center(#,^)3578 Route 611, Ste 210, Bartonsville, PA 18321Rental and Leasing ServicesTerm LoanPrime plus 2.75%10/2/202767.4 67.4 67.8 0.02 %
Dan Cline Transport Inc.(#,^)501 State Dr, Mount Vernon, MO 65712Truck TransportationTerm LoanPrime plus 2.75%9/29/2030810.0 810.0 848.3 0.23 %
Sashshel Corporation(#,^)676 Franklin Blvd, Somerset, NJ 08873Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/29/2042200.3 200.3 235.4 0.06 %
Threads of Time LLC(#,^)207 S Buchanan St., Danville, IL 61832Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%9/29/2042129.7 129.7 150.6 0.04 %
Miechella Suzette Decker(#,^)3515 Main St., Exmore, VA 23350Miscellaneous Store Retailers Term LoanPrime plus 2.75%9/29/204293.3 93.3 109.6 0.03 %
Harco Metal Products Inc(#,^)7895 East Acoma Dr Ste 102, Scottsdale, AZ 85260Primary Metal ManufacturingTerm LoanPrime plus 2.75%9/29/2042464.5 464.5 534.4 0.15 %
Chicago American Manufacturing LLC, Dockside Steel ProcessingLLC(#,^)4500 W 47th St., Chicago, IL 60632Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/29/20421,166.7 1,166.7 1,360.4 0.37 %
Pets A Go Go LLC(#,^)589 North State Rd, Briarcliff Manor, NY 10510Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/28/2042186.9 186.9 218.4 0.06 %
Rhode Island Tennis Management LLC(#,^)636 Centerville Rd, Warwick, RI 02886Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/28/2042524.0 524.0 607.9 0.17 %
Nicholson Lumber Co Inc.(#,^)377 Main St., Nicholson, PA 18446Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%9/28/2030175.9 175.9 189.3 0.05 %
Rhode Island Tennis Management LLC(#,^)636 Centerville Rd, Warwick, RI 02886Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/28/2042364.9 364.9 423.3 0.12 %
National Media Services, Inc(#,^)5091 Lexington Blvd, Fort Meyers, FL 33919Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/28/202713.8 13.8 13.9 — %
Technologist Inc(#,^)3120 Farview Dr, Ste 610, Falls Church, VA 22042Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%9/27/2027181.8 181.8 191.3 0.05 %
Complete Care IT LLC(#,^)4801 South University Dr, Ste 125, Davie, FL 33328Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/27/202710.8 10.8 11.0 — %
Inspirations Food Design, Inc(#,^)1338 Memorial Ave, West Springfield, MA 01089Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/26/2042439.6 439.6 511.7 0.14 %
JPS Arthur Kill Rd Bakery Corp dba Aunt Butches of Brooklyn(#,^)4864 Arthur Kill Rd Units 102,103,104 & 105, Staten Island, NY 10309Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/22/202716.5 16.5 16.7 — %
KB Waterjet Cutting LLC(#,^)4330 Parker Lane, Addis, LA 70710Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/22/20277.5 7.5 7.7 — %
Sallee Pro-Custom Fabrication Shop LLC(#,^)8865 North County Rd 600 W, Scipio, IN 47273Repair and MaintenanceTerm LoanPrime plus 2.75%9/21/20276.6 6.6 7.0 — %
Insight Diagnostic Technologist Services(#,^)2030 Forest Ave, Ste 110, San Jose, CA 95128Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/20/2027240.5 240.5 246.4 0.07 %
Commonwealth Diagnostics International, Inc(#,^)39 Norman St. a/k/a 1 Holyoke Square, Salem, MA 01970Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/20/2027982.5 982.5 1,033.9 0.28 %
81
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

NY Tent LLC & NY Tent Parent, LLC dba Tent Company of New York(#,^)1401 Lakeland Ave, Bohemia, NY 11716Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/20/2027753.8 753.8 787.3 0.21 %
Imagine By Carleen, Inc.(#,^)1404 Del Prado Blvd. South, Units 100 & 105, Cape Coral, FL 33904Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/20/20275.5 5.5 5.8 — %
CR Park Incorporated dba Define Body and Mind(#,^)49 W. Allandale Ave, Allendale, NJ 07401Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/20/202748.9 48.9 50.3 0.01 %
Montessori Community School(#,^)123 South Navarra Dr, Scotts Valley, CA 95066Social AssistanceTerm LoanPrime plus 2.75%9/20/2042257.3 257.3 298.9 0.08 %
Sound Manufacturing, Inc. & Monster Power Equipment, Inc.(#,^)51 Donnelley Rd, Old Saybrook, CT 06475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/20/2027146.2 146.2 152.3 0.04 %
CIS BIG DOG, LLC(#,^)8920 US HWY, 62 WEST, Cynthiana, KY 41031Administrative and Support ServicesTerm LoanPrime plus 2.75%9/19/202748.6 48.6 51.2 0.01 %
Stone's Construction and Remodeling, LLC(#,^)5210 Kaylin Dr, Akron, OH 44319Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/19/20273.7 3.7 3.8 — %
Party By Design Inc.(#,^)61 Strafello Dr, Avon, MA 02322Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/18/20421,138.9 1,138.9 1,317.7 0.36 %
Li Family Spokane LLC(#,^)21 E. Lincoln Rd, Spokane, WA 99208Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/15/2042362.8 362.8 423.9 0.12 %
Clinton Food Market LLC(#,^)196 East Main St., Clinton, CT 06413Gasoline Stations Term LoanPrime plus 2.75%9/15/2042241.2 241.2 280.0 0.08 %
Tarleton & Family Landscaping, LLC(#,^)125 E Center St., Midland Park, NJ 07432Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/15/202761.2 61.2 62.6 0.02 %
Fox Valley Rentals & Investments, LLC(#,^)2906 E. Newberry St., Appleton, WI 54915Food Services and Drinking PlacesTerm LoanPrime plus 3.75%9/13/20275.6 5.6 6.0 — %
Alaska Motor Home Inc(#,^)6633 Brayton Dr, Anchorage, AK 99507Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/13/2027248.1 248.1 251.4 0.07 %
Nails By Mercede LLC(#,^)2994 and 2996 Edgewater Dr, Orlando, FL 32804Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/13/202710.4 10.4 10.8 — %
Town & Country Transportation Co. and Popco, LLC.(#,^)191 Arch St., New Britain, CT 06051Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%9/12/2042159.1 159.1 186.7 0.05 %
Rajbai Maa Inc. dba Nara Lounge(#,^)244-252 Atwells Ave, Providence, RI 02903Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/12/2042368.4 368.4 424.5 0.12 %
Health & Performance Center, LLC(#,^)1862 Craigshire Rd, Saint Louis, MO 63146Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/11/202715.0 15.0 15.2 — %
Morgan Lynn Kerstetter dba Catherine School of Dance(#,^)315 Mill St. 3rd Floor, Danville, PA 17821Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%9/11/20275.5 5.5 5.8 — %
Foxtail, LLC and Tottly New Services Corp(#,^)1481 Highland Ave, Cheshire, CT 06410Social AssistanceTerm LoanPrime plus 2.75%9/8/2042274.8 274.8 319.1 0.09 %
Crazy Beatz Productions LLC(#,^)20014 NE 138th St., Kearney, MO 64060Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 3.75%9/7/20274.0 4.0 4.2 — %
South Fulton Landscape & Nursery, Inc.(#,^)3415 Enon Rd, College Park, GA 30349Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%9/7/204294.3 94.3 110.6 0.03 %
82
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Dreaming Big Learning Center Inc(#,^)3301 W Oak St, Kissimmee, FL 34741Social AssistanceTerm LoanPrime plus 2.75%9/5/2042358.2 358.2 415.6 0.11 %
Big Coop's Trucking LLC(#,^)3066 Misty Creek Dr., Swartz, MI 48473Truck TransportationTerm LoanPrime plus 2.75%9/1/202773.3 73.3 76.1 0.02 %
Blue EagleTransport Inc, Greeneagle Transport Inc & Golden Eagle Tran(#,^)377 Boston Post Rd, Milford, CT 06460Couriers and MessengersTerm LoanPrime plus 2.75%8/31/2027293.3 293.3 299.7 0.08 %
Lake County Tow LLC(#,^)15409 Country Rd 565A, Clermont, FL 34711Support Activities for TransportationTerm LoanPrime plus 2.75%8/25/204282.4 82.4 95.6 0.03 %
Parlay Disributors LLC(#,^)20 Medford Ave, Ste 104, Patchogue, NY 11772Educational ServicesTerm LoanPrime plus 2.75%8/25/202780.7 80.7 82.2 0.02 %
InUSA Ventures Inc dba InUSA Services(#,^)3015 San Pablo Ave, Ste 511, Berkeley, CA 94702Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%8/24/202718.2 18.2 18.4 0.01 %
Genuine Ventures LLC and Seaweed Ventures LLC(#,^)432 S Franklin St, Juneau, AK 99801Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/24/2030469.9 469.9 497.2 0.14 %
Delicias de Minas Restaurant, LLC(#,^)168-170 McWhorter St., Newark, NJ 07105Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/22/2027146.6 146.6 154.3 0.04 %
Damiano Global Corp(#,^)333 Birch Hills Dr, Rochester, NY 14622Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/21/202716.4 16.4 17.0 — %
L&V Auto Sales, Inc.(#,^)1504 West Franklin Blvd., Gastonia, NC 28052Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%8/21/202713.1 13.1 13.8 — %
Tier1 Solutions LLC(#,^)1000 Essington Rd Ste. 109 & 111, Joliet, IL 60435Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/18/202713.6 13.6 13.9 — %
Tony Herring & Associates, Inc(#,^)211 West Camellia Dr, Slidell, LA 70458Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%8/17/20275.4 5.4 5.5 — %
Chester's World Enterprise LLC(#,^)140 W Alameda Dr, Ste 104, Tempe, AZ 85282Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/16/202716.4 16.4 16.8 — %
D'Amato & Sons Construction, Inc.(#,^)117 Oak St., Amityville, NY 11701Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/11/20276.0 6.0 6.2 — %
L & J Corporate Services Inc(#,^)866 NW 110th Ave, Coral Springs, FL 33071Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/4/20274.5 4.5 4.6 — %
HMG Strategy LLC,(#,^)191 Post Rd W., Westport, CT 06880Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/2/202734.5 34.5 35.0 0.01 %
Royal Blue Investments, Inc. and Cleland Pharmacy LLC(#,^)202 S. 1st St., Wakeeny, KS 67672Health and Personal Care Stores Term LoanPrime plus 2.75%7/31/204249.8 49.8 58.3 0.02 %
Sharon G McMillen, MA Psychologist, Inc.(#,^)216 West Main St, Kingwood, WV 26537Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/28/202713.4 13.4 13.6 — %
Work of Heart Inc dba Little Nest Portraits(#,^)1000 Merdian Blvd, Ste 112, Franklin, TN 37067Professional, Scientific, and Technical ServicesTerm Loan7.5%7/28/202740.8 40.8 38.1 0.01 %
HQTRONIC LLC(#,^)10135 S. Roberts Rd, Ste. 209, Palos Hills, IL 60465Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%7/27/202716.2 16.2 16.4 — %
Oberon IT, Inc.(#,^)1404 W. Walnut Hill Lane, Irving, TX 75038Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/26/2027157.4 157.4 162.3 0.04 %
Gilles Peress Studio LLC(#,^)76 Lafayette Ave, Brooklyn, NY 11217Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/25/202744.5 44.5 45.1 0.01 %
83
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Lil Tots' Learning Center LLC(#,^)3042 S 78th St, Tampa, FL 33619Social AssistanceTerm LoanPrime plus 2.75%7/21/204228.0 28.0 32.8 0.01 %
Ocean Trans LLC(#,^)1415 W Andersonr Way, Stockton, CA 95206Truck TransportationTerm LoanPrime plus 2.75%7/21/202728.1 28.1 28.5 0.01 %
Obok LLC(#,^)2720 S. Havana St., Unit H, Aurora, CO 80014Food ManufacturingTerm LoanPrime plus 2.75%7/21/20278.6 8.6 8.9 — %
Matrix Z LLC(#,^)800 SW 21st Terrace, Fort Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 3.75%7/19/20275.8 5.8 6.3 — %
Aitheras Aviation Group, LLC(OH) , Aitheras Aviation Group, LLC(FL)(#,^)2301 N Marginal Rd, Cleveland, OH 44114Air TransportationTerm LoanPrime plus 2.75%7/18/2027593.2 593.2 602.3 0.16 %
Wildflour Bakery & Cafe, LLC(#,^)5137 Clareton Dr, Ste 100,110 & 120, Agoura Hills, CA 91301Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/17/202716.2 16.2 17.0 — %
Koep Companies dba Pipestone True value(#,^)207 East Main St., Pipestone, MN 56164Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%7/14/2042307.1 307.1 354.5 0.10 %
McCord Holdings, Inc. dba Fast Signs 176101(#,^)7640 N. Wickham Rd, Melbourne, FL 32940Administrative and Support ServicesTerm LoanPrime plus 2.75%7/7/202713.5 13.5 13.8 — %
Thrifty Market Inc dba Thrifty Foods(#,^)702 10th St., Wheatland, WY 82201Food and Beverage Stores Term LoanPrime plus 2.75%7/6/202777.2 77.2 79.3 0.02 %
The Country House Restaurant, LLC and Pelton Real Estate, LLC(#,^)677 US Route 7, Pittsford, VT 05763Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/30/204248.0 48.0 56.1 0.02 %
J&M Civil Construction Services LLC(#,^)1221 County Rd 4371, Decatur, TX 76234Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/30/202772.5 72.5 73.4 0.02 %
New Chicago Wholesale Bakery Inc.(#,^)795 Touhy Ave, Elk Grove Village, IL 60007Food ManufacturingTerm LoanPrime plus 2.75%6/30/202711.3 11.3 11.8 — %
J. T. O'Neill Company, L.L.C(#,^)19972 Willowin Farm Lane, Purcellville, VA 20132Real EstateTerm LoanPrime plus 2.75%6/30/202710.7 10.7 10.8 — %
Hamilton & Associates Real Estate and Investments Firm LLC(#,^)11776 West Sample Rd, Coral Springs, FL 33065Real EstateTerm LoanPrime plus 2.75%6/30/204250.7 50.7 59.0 0.02 %
Oakhill Farms, LLC(#,^)15 Carl St., Johnston, RI 02919Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/29/203080.4 80.4 86.7 0.02 %
Best Bees Company(#,^)839 Albany St., Boston, MA 02119Animal Production and AquacultureTerm LoanPrime plus 2.75%6/29/202716.0 16.0 16.2 — %
Stiegelbauer Associates Inc.(#,^)63 Flushing Ave, Unit 101, Building 280, Brooklyn, NY 11205Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/29/2027219.2 219.2 230.2 0.06 %
Intellixion LLC(#,^)7447 Egan Dr, Ste 110 A, Savage, MN 55378Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/29/20272.7 2.7 2.7 — %
Greensboro Plastic Surgical Associates, PA(#,^)2716 Henry St., Greensboro, NC 27405Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/29/2042545.1 545.1 631.5 0.17 %
Malhame & Company Publishers & Importers Inc.(#,^)180 Orville Rd, Bohemia, NY 11780Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/29/202768.4 68.4 69.2 0.02 %
Ocean Trans LLC and Dehal Trucking LLC(#,^)760 W. Charter Way, Stockton, CA 95206Truck TransportationTerm LoanPrime plus 2.75%6/29/2027437.7 437.7 442.6 0.12 %
84
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Old Dominion Transportation Group, Inc.(#,^)1308 Devils Reach Rd, Woodbridge, VA 22192Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%6/28/2027765.1 765.1 779.1 0.21 %
Foxhop Fitness, LLC(#,^)4211 NW Federal Hwy, Jensen Beach, FL 34957Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/28/202764.8 64.8 65.7 0.02 %
Akal Express Inc. dba Truck Trailer Service Stop(#,^)2901 I 40 West, Vega, TX 79092Repair and MaintenanceTerm LoanPrime plus 2.75%6/28/204225.7 25.7 30.2 0.01 %
Citibin, Inc.(#,^)254 36th St., Ste B519, Brooklyn, NY 11232Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%6/27/202789.0 89.0 90.0 0.02 %
Auxiliary Systems Inc.,Sharrick Company, LLC & KMN, LLC(#,^)211 East 25th St., Norfolk, VA 23504Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%6/27/2030197.3 197.3 212.1 0.06 %
Four Seasons Laser Center Inc.(#,^)4720 NW 2nd Ave Unit D-104 and Unit D-105, Boca Raton, FL 33498Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/26/2042209.2 209.2 242.6 0.07 %
Ains Holding Company, LLC(#,^)122 West 26th St., New York, NY 10011Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/26/2027841.7 841.7 856.9 0.23 %
Vella Construction Enterprises, Inc. dba Vella Construction(#,^)318 28th Ave, San Mateo, CA 94403Construction of BuildingsTerm LoanPrime plus 2.75%6/23/202716.0 16.0 16.2 — %
Northern Industries, LLC(#,^)W 5585 Dehart Dr, Tomahawk, WI 54484Miscellaneous ManufacturingTerm LoanPrime plus 2.75%6/23/204254.2 54.2 63.5 0.02 %
Birches Group, LLC(#,^)228 East 45th St. 12th FL South, New York, NY 10017Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/22/202735.6 35.6 36.0 0.01 %
Scarlet Spartan Inc.dba FastSigns of Brighton(#,^)533 W. Grand River Ave, Brighton, MI 48116Administrative and Support ServicesTerm LoanPrime plus 2.75%6/19/202715.1 15.1 15.6 — %
Don G. Timpton DDS & Associates PA and Indsaad Properties,LLC(#,^)11535 Carmel Commons Blvd. Ste 200, Charlotte, NC 28226Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/16/2042375.9 375.9 431.8 0.12 %
All Regional Recyclers of Wood LLC dba ARROW,Superior Carting,LLC dba(#,^)104 Wooster St., Bethel, CT 06801Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%6/15/2042291.5 291.5 336.9 0.09 %
JAM Media Solutions, LLC(#,^)4744 Tackawanna St., Philadelphia, PA 19124Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/15/202724.5 24.5 24.8 0.01 %
ESA 365 Corp and Lucathor Realty LLC(#,^)2420 Grand Ave, Baldwin, NY 11520Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/14/204221.1 21.1 24.5 0.01 %
Hull's Kitchen, LLC and HK Too, LLC(#,^)19 Hull Shore Dr, Hull, MA 02045Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/14/204291.3 91.3 106.9 0.03 %
Tele Tax Express Inc., El Rancho Paiso, LLC and Nestor Romero(#,^)577 Main Ave, Paterson, NJ 07055Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/14/204286.8 86.8 101.3 0.03 %
Susan Hughes dba Aloha Junction B and B(#,^)19-4037 Olapalapa Rd, Volcano, HI 96785AccommodationTerm LoanPrime plus 2.75%6/14/204258.5 58.5 68.5 0.02 %
Refoleen Inc dba Spice and Tea Exchange(#,^)849 E Commerce St. Ste 121, San Antonio, TX 78205Food and Beverage Stores Term LoanPrime plus 2.75%6/8/20272.5 2.5 2.5 — %
SCW, LLC dba Arthur Murray Dance Studio(#,^)2383 Old Dixwell Ave, Hamden, CT 06518Educational ServicesTerm LoanPrime plus 2.75%6/2/2042137.0 137.0 158.8 0.04 %
Skydive California, LLC(#,^)25001 S Kasson Rd, Tracy, CA 95301Educational ServicesTerm LoanPrime plus 2.75%6/2/202739.0 39.0 41.0 0.01 %
85
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Speaker City, Inc.and Speaker Town, LLC dba Rollin Thunder(#,^)246 East Belt Blvd, Richmond, VA 23224Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%6/1/204242.8 42.8 49.8 0.01 %
Sage Oil LLC(#,^)8913 Egyptian Ave, Las Vegas, NV 89143Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%5/31/202715.8 15.8 16.1 — %
Ricnet III, Inc. dba Edible Arrangements(#,^)716 Foxcroft Ave, Martinsburg, WV 25401Food and Beverage Stores Term LoanPrime plus 2.75%5/31/202710.5 10.5 10.7 — %
Haroon Baig,Inc.dba US1 Petrol(#,^)1280-1290 Dixwell Ave, Hamden, CT 06514Gasoline Stations Term LoanPrime plus 2.75%5/31/2042247.4 247.4 289.7 0.08 %
Funtime, LLC and Universal Entertainment Group LLC(#,^)13200 W. Foxfire Dr #144, Surprise, AZ 85387Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/31/202750.0 50.0 50.8 0.01 %
Hurricane Group, Inc.(#,^)312 West Fourth St., Carson City, NV 89703Other Information ServicesTerm LoanPrime plus 2.75%5/26/202755.1 55.1 55.7 0.02 %
Chet Lemon Enterprises LLC dba All American Sports(#,^)1544 Lane Park Cutoff, Tavares, FL 32778Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/26/2042743.1 743.1 870.4 0.24 %
Eagle Wood Works LLC(#,^)1448 Horsehead Rd, Lugoff, SC 29078Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%5/26/20278.4 8.4 8.7 — %
Swantown Inn & Spa LLC(#,^)1431 11th Ave SE, Olympia, WI 98501AccommodationTerm LoanPrime plus 2.75%5/26/2042119.1 119.1 139.4 0.04 %
Jung Design Inc.(#,^)10857 Pine Bluff Dr, Fisher, IN 46037Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/25/20276.3 6.3 6.4 — %
Abdul Naushad MD PC dba Advanced Pain Centers(#,^)2865 James Blvd, Poplar Bluff, MO 63901Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/25/2042372.3 372.3 434.2 0.12 %
Locavore LLC dba Paloma Restaurant(#,^)401 S. Guadalupe St., Santa Fe, NM 87501Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/25/202735.2 35.2 36.0 0.01 %
Beyond Waves A Unique Salon LLC and Lori Ann Carlson(#,^)2290 Foxon Rd Route 80, North Branford, CT 06471Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/25/20276.9 6.9 7.0 — %
Innovim, LLC(#,^)6401 Golden Triangle Dr Ste 200, Greenbelt, MD 20770Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/24/2027207.9 207.9 210.2 0.06 %
Prestige Construction of Florida, LLC(#,^)1404 Yorktown St. Ste E, Deland, FL 34944Construction of BuildingsTerm LoanPrime plus 2.75%5/23/2042315.2 315.2 363.1 0.10 %
Hayden Trucking LLC(#,^)11540 Eagle Vista Dr, Fort Worth, TX 76179Truck TransportationTerm LoanPrime plus 2.75%5/19/202797.2 97.2 102.0 0.03 %
PS Camping, Inc. dba Prospectors RV Resort(#,^)43659&43595 US Hwy 50, Canon City, CO 81212AccommodationTerm Loan8.25%5/19/2042910.6 910.6 853.4 0.23 %
Tres K Deli,Grocery,Fruit and Meat Inc.(#,^)125 West Tremont Ave, Bronx, NY 10453Food and Beverage Stores Term LoanPrime plus 2.75%5/19/20275.8 5.8 6.0 — %
 Iron Men Home Repair, Inc. and Ironmen House Lifting Inc.(#,^)132 North Wellwood Ave, Lindenhurst, NY 11757Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/19/2042545.8 545.8 634.0 0.17 %
Mr. B's Bicycles & Mopeds, Inc.(#,^)1870 S. 4th Ave, Yuma, AZ 85364Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%5/18/2042137.5 137.5 159.5 0.04 %
Waterford Plumbing Co, Inc.(#,^)2425 W. Cuyler Ave, Chicago, IL 60618Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/18/202735.2 35.2 35.8 0.01 %
86
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Bay Car Wash LLC(#,^)952 South Commercial St. and West Magnolia, Aransas Pass, TX 78336Repair and MaintenanceTerm LoanPrime plus 2.75%5/18/2042113.1 113.1 131.5 0.04 %
Computech Computers Inc.(#,^)40-24 76th St., Office #2B, Elmhurst, NY 11373Educational ServicesTerm LoanPrime plus 2.75%5/17/202735.2 35.2 35.6 0.01 %
Arco Electrical Contractors Inc. dba Arco Construction Group(#,^)22-24 South Seventh St., Elizabeth, NJ 07202Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/16/2027255.1 255.1 263.1 0.07 %
5 Stars Learning Center Inc(#,^)14 Paine Ave, Irvington, NJ 07111Social AssistanceTerm LoanPrime plus 2.75%5/16/204257.9 57.9 67.1 0.02 %
Sanderson Distribution Inc.(#,^)100 Daniel Dr, Alamo, CA 94507Truck TransportationTerm LoanPrime plus 2.75%5/12/20277.4 7.4 7.5 — %
Estelle Finkel Educational Associates,LLC(#,^)125 West Mount Pleasant Ave, Livingston, NJ 07039Educational ServicesTerm LoanPrime plus 2.75%5/11/202785.5 85.5 86.5 0.02 %
B G F Bobby Q's Inc(#,^)447 N. Main St., Freeport, NY 11520Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/11/20275.3 5.3 5.5 — %
Labmates,LLC(#,^)141 Watertown Rd, Thomaston, CT 06787Miscellaneous Store Retailers Term LoanPrime plus 2.75%5/10/202770.4 70.4 73.5 0.02 %
NHS, LLC(#,^)212 N Douglas Ave, Ellsworth, KS 67439Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/9/204220.5 20.5 23.4 0.01 %
Innovation Transport, LLC(#,^)1 International Blvd, Mahwah, NJ 07495Truck TransportationTerm LoanPrime plus 2.75%5/9/202754.9 54.9 57.3 0.02 %
NHS, LLC(#,^)212 N Douglas Ave, Ellsworth, KS 67439Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/9/202762.3 62.3 63.9 0.02 %
Benchmark Building, Inc.(#,^)1439 Stargazer Terrace, Sanford, FL 32771Construction of BuildingsTerm LoanPrime plus 2.75%5/5/202715.8 15.8 16.0 — %
Cable Management LLC(#,^)290 Pratt St., Meriden, CT 06450Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%5/3/202740.4 40.4 42.0 0.01 %
Fine Arts Center of Easley, Inc. dba Midtown Music(#,^)117 S. Pendleton St., Easley, SC 29640Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%5/2/2042111.9 111.9 131.0 0.04 %
Love and Glory Learning Center, Inc.(#,^)4911 N. 42nd St., Tampa, FL 33610Social AssistanceTerm LoanPrime plus 2.75%4/28/204273.0 73.0 84.4 0.02 %
Sneads Ferry Foods, Inc. dba DQ Grill & Chill(#,^)920 Hwy 210, Sneads Ferry, NC 28460Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/27/2042611.4 611.4 706.6 0.19 %
JMA Inc. dba Primecut and Mezzo; Primecut at Marquee(#,^)393 Charles St., Providence, RI 02904Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/27/2042207.5 207.5 243.0 0.07 %
Resident Research, LLC(#,^)4400 Morris Park Dr Ste M, Charlotte, NC 28277Other Information ServicesTerm LoanPrime plus 2.75%4/24/202761.4 61.4 62.1 0.02 %
Getting Even LLC dba The Zoo Health Club(#,^)377 South Willow St., Ste B 2-1, Manchester, NH 03103Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/21/20275.2 5.2 5.3 — %
Ralph's Hair Salon, Inc.(#,^)175 NW 14th St., Homestead, FL 33030Personal and Laundry ServicesTerm LoanPrime plus 2.75%4/21/204246.8 46.8 54.4 0.01 %
Condron Brothers LLC DBA Luv 2 Play(#,^)4790 La Sierra Ave, Riverside, CA 92505Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/19/202783.3 83.3 85.5 0.02 %
Butternuts Beer and Ale LLC(#,^)4021 Hwy 51, Garrattsville, NY 13342Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%4/12/202751.4 51.4 53.9 0.01 %
87
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Applied Integrated Technologies, Inc.(#,^)7120 Samuel Morse Dr #150, Columbia, MD 21046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/31/202786.3 86.3 87.3 0.02 %
Golden Hen Inc. dba Cafe(#,^)468 W. Cheltenham Ave, Philadelphia, PA 19126Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/31/202744.7 44.7 45.4 0.01 %
Landmark Ventures USA, Inc.(#,^)475 Park Ave South 25th Floor, New York, NY 10016Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%3/31/2027129.4 129.4 130.9 0.04 %
Bear Trail Lodge LLC(#,^)Mile 1 Bear Trail Rd, King Salmon, AK 99613Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/31/2042517.3 517.3 605.5 0.17 %
The Altitude Group, LLC and Core Home Security, LLC(#,^)949 Clint Moore Rd, Unit 949A, Boca Raton, FL 33487Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/31/202730.7 30.7 31.1 0.01 %
Citizens Lanes, LLC(#,^)5100 Goodson Connector Rd, Union City, GA 30291Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%3/31/2042607.2 607.2 569.0 0.16 %
KWG Industries LLC dba Peterson & Marsh Metal Industries(#,^)330 Roycefield Rd Unit B, Hillsborough, NJ 08844Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/30/202720.7 20.7 21.7 0.01 %
Schafer Fisheries Inc.(#,^)21985 Waller Rd, Fulton, IL 61252Food ManufacturingTerm LoanPrime plus 2.75%3/30/2042233.9 233.9 274.0 0.07 %
Sea Smoke Barbeque, Corp and Danwen LLC(#,^)20 Island Farm Rd, Oak Bluffs, MA 02557Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/30/2042221.4 221.4 257.2 0.07 %
Gauri Hospitality Group LLC dba Microtel Inns & Suites by Wyndham(#,^)1221 Kentucky Mills Dr, Louisville, KY 40299AccommodationTerm LoanPrime plus 2.75%3/29/2042989.0 989.0 1,158.4 0.32 %
H and H Hotshot Services, Inc. dba AA Hotshot & Logistics(#,^)5455 N 51st St., # 30, Glendale, AZ 85301Couriers and MessengersTerm LoanPrime plus 2.75%3/29/203077.0 77.0 79.7 0.02 %
Discount Price, LLC dba Robert's Market(#,^)2 Hill Rd, Franklin, NH 03235Gasoline Stations Term LoanPrime plus 2.75%3/29/2042193.1 193.1 224.8 0.06 %
Douglas K. Soderblom . dba Loma Linda Optometry(#,^)25815 Barton Rdad, Unit C104, Loma Linda, CA 92354Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/202769.0 69.0 70.7 0.02 %
American Pharmaceutical Innovation Company, LLC(#,^)1425 Centre Circle, Downers Grove, IL 60515Chemical ManufacturingTerm LoanPrime plus 2.75%3/28/20274.9 4.9 4.9 — %
New England Country Day School, Inc. and Thomas D. Walker(#,^)27 Kenosia Ave, Danbury, CT 06810Social AssistanceTerm LoanPrime plus 2.75%3/28/2042352.5 352.5 409.0 0.11 %
Heil & Hornik LLC dba Elysium Tennis(#,^)7637 C. Commerce Place, Plain City, OH 43064Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/27/2042868.7 868.7 1,007.4 0.27 %
Pecos Entertainment LLC dba State Theater and Pecos Inn LLC dba Econo(#,^)421 S. Oak St., Pecos, TX 79772Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%3/27/2042388.0 388.0 454.5 0.12 %
Denton Bio Fuels LLC and American Bio Source LLC(#,^)624 W. University Dr. Ste 359, TX, TX 76201Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/23/202743.3 43.3 44.5 0.01 %
JBK Truck Trailer and Bus Inc.(#,^)8669 South State Rd 67, Camby, IN 46113Repair and MaintenanceTerm LoanPrime plus 2.75%3/23/204283.0 83.0 96.1 0.03 %
Color Graphic Press, Inc.(#,^)42 Main St., Nyack, NY 10960Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/23/202782.8 82.8 86.8 0.02 %
88
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Executive Fitness & Nutrition Inc.(#,^)8610 Roosevelt Ave Ste 2, Jackson Heights, NY 11372Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/23/202713.9 13.9 14.6 — %
Baton Rouge Cargo Services Inc. and 6507 Westport, LLC(#,^)6507 Westport Ave, Shreveport, LA 71129Truck TransportationTerm LoanPrime plus 2.75%3/22/2042597.5 597.5 696.4 0.19 %
Vehicle Safety Supply LLC(#,^)707 Femimore Rd, Mamaroneck, NY 10543Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/21/202715.5 15.5 15.7 — %
Texcor, Inc.dba Texas Corral,Texas Coral Restaurants II, Inc. T.C. of(#,^)5880 US Hwy6, Portage, IN 46368Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/16/2027220.6 220.6 231.2 0.06 %
The Purple Cow House of Pancake Inc(#,^)6 & 10 Skowhegan Rd, Fairfield, ME 04937Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/16/2042150.3 150.3 175.8 0.05 %
1MTX LLC and Sunrise Transportation and Logistics, LLC and Mustafa M(#,^)6510 North BRdway, Saint Louis, MO 63147Truck TransportationTerm LoanPrime plus 2.75%3/13/2027453.0 453.0 457.0 0.12 %
Dwayne Bernard Tate(#,^)1238 Woodcliff Court SW, Lilburn, GA 30047Truck TransportationTerm LoanPrime plus 2.75%3/10/20277.2 7.2 7.5 — %
Elegant Occasions, LLC dba E Productions(#,^)3650 Coral Ridge Dr Units 103-104, Coral Springs, FL 33065Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/10/2042555.1 555.1 643.3 0.18 %
Anthony LLC dba Star of Woodward Market(#,^)5730 Woodward Ave, Detroit, MI 48202Food and Beverage Stores Term LoanPrime plus 2.75%3/9/2042107.8 107.8 126.1 0.03 %
Allegro Assisted Living Of Texas(#,^)3400 Remington Dr, Plano, TX 75023Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%3/6/202766.3 66.3 69.4 0.02 %
Podium Auto Sales Inc and RRS Property, LLC(#,^)246 S. Dixie Hwy, Pompano Beach, FL 33060Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/3/204285.0 85.0 98.3 0.03 %
Weeping Willow Kennels, Inc and Aileen N Black(#,^)6041 Hammond School Rd, Salisbury, MD 21804Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/28/2042130.9 130.9 152.2 0.04 %
SSI Refrigerated Express Inc. and Robert M Stallone dba SSI Express(#,^)1001 E. Cooley Dr Ste 102, Colton, CA 92324Truck TransportationTerm LoanPrime plus 2.75%2/28/2027157.4 157.4 158.9 0.04 %
Getting Even LLC dba The Zoo Health Club(#,^)377 South Willow St. Unit B2-1, Manchester, NH 03103Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/28/202765.7 65.7 67.1 0.02 %
McNally Enterprises Inc.(#,^)1010 N. Grove St., Anaheim, CA 92806Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/27/202743.9 43.9 44.9 0.01 %
Teracore Inc.(#,^)3300 Holcomb Bridge Rd, Ste 226, Norcross, GA 30092Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/27/2027111.8 111.8 112.8 0.03 %
B & J Bicycle Shop Inc.(#,^)1620 E. Sample Rd, Pompano Beach, FL 33064Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%2/24/20274.3 4.3 4.5 — %
TMJ Pizza Mesa LLC dba Rosati's Pizza Restaurant(#,^)2235 S. Power Rd Ste 118, Mesa, AZ 85209Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/24/202751.3 51.3 53.7 0.01 %
3W Enterprises LLC(#,^)2727 Industrial Parkway, Elkhart, IN 46516Textile Product MillsTerm LoanPrime plus 2.75%2/24/204260.6 60.6 70.7 0.02 %
Ameritube, LLC and Ravone Properties, LLC(#,^)1000 North State. Hwy 77, Hillsboro, TX 76645Primary Metal ManufacturingTerm LoanPrime plus 2.75%2/14/2042173.1 173.1 202.5 0.06 %
89
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Baton Rouge Cargo Services Inc. and 2808 Court Street, LLC(#,^)2808 Court St., Port Allen, LA 70767Truck TransportationTerm LoanPrime plus 2.75%2/10/2042231.3 231.3 269.6 0.07 %
Marvic Enterprises Inc dba Jordan's Liquor(#,^)199 Taunton Ave, East Providence, RI 02914Food and Beverage Stores Term LoanPrime plus 2.75%2/10/2042204.7 204.7 238.2 0.06 %
Sushiya Inc.(#,^)72 S. Main St, Hanover, NH 03755Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/10/202712.8 12.8 13.1 — %
Maximo Canot dba Wash and Dry Laundrymat(#,^)34 Morningside Ave, Yonkers, NY 10703Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/10/2042128.7 128.7 150.1 0.04 %
Harrison Logging Company LLC(#,^)255 Ray Crain Rd, Indian Mound, TN 37079Forestry and LoggingTerm LoanPrime plus 2.75%2/9/202772.5 72.5 74.4 0.02 %
8 Minute Oil Change Auto Repair & Tire Center and Jumir L.L.C.(#,^)174-176 Mountain Ave, Springfield, NJ 07081Repair and MaintenanceTerm LoanPrime plus 2.75%2/7/2042306.1 306.1 353.2 0.10 %
DBMS Consulting, Inc.(#,^)164 West 83rd St. Units CF1 and CF2, New York, NY 10024Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/1/2042173.1 173.1 199.8 0.05 %
Chidlren's House Learning, Inc and Tarps Investment Group(#,^)720 Wilbraham Rd, Springfield, MA 01109Social AssistanceTerm LoanPrime plus 2.75%1/31/2042299.6 299.6 347.3 0.09 %
Brandco, LLC(#,^)2151 Consulate Dr Ste 21, Orlando, FL 32837Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/31/202729.5 29.5 29.8 0.01 %
Fave Realty Inc.(#,^)1875 Grand Ave, Baldwin, NY 11510Real EstateTerm LoanPrime plus 2.75%1/30/204250.8 50.8 59.1 0.02 %
SRC Publishing LLC(#,^)8690 Waterford Bend St., Las Vegas, NV 89123Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%1/27/202715.2 15.2 15.3 — %
Fox Valley Rentals & Investments LLC and Brian M Tomaszewski(#,^)2906 E. Newberry St., Appleton, WI 54915Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/20/204239.6 39.6 45.9 0.01 %
Jolibe LLC and Jolibe Atelier LLC(#,^)357 w 36th #401, New York, NY 10018Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/18/20277.1 7.1 7.2 — %
Eickmann Management Group LLC dba Jimmy Johns of Dundee(#,^)568 Techumseh St., Dundee, MI 48131Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/17/202767.2 67.2 70.4 0.02 %
Fullbro Trust dba Menemsha Blues(#,^)2 Basin Rd, Chilmark, MA 02535Miscellaneous Store Retailers Term LoanPrime plus 2.75%1/13/202715.2 15.2 15.9 — %
Echelon Enterprises, Inc(#,^)16701 E. Iliff Ave, Aurora, CO 80013Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%1/10/202733.0 33.0 34.6 0.01 %
Metropolitan Solutions Group Inc.(#,^)1420 Chestnut St., Portsmouth, VA 23704Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/19/2041255.9 255.9 293.4 0.08 %
Means Enterprises LLC dba FastFrame Frisco(#,^)4112-4150 Legacy Dr/5729 Leabanon Rd Unit 412, Frisco, TX 75034Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/16/202613.8 13.8 14.0 — %
Sempco, Inc.(#,^)51 -55 Lake St. Unit #2-6, Nashua, NH 03060Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/15/204139.1 39.1 45.6 0.01 %
Techni-Pro Institute LLC(#,^)414 NW 35th St., Boca Raton, FL 33431Educational ServicesTerm LoanPrime plus 2.75%12/15/2026126.3 126.3 128.3 0.03 %
90
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

New Chicago Wholesale Bakery, Inc.(#,^)795 Touhy Ave, Elk Grove Village, IL 60007Food ManufacturingTerm LoanPrime plus 2.75%12/15/2041426.1 426.1 491.4 0.13 %
Elita 7, LLC(#,^)16 Marble St., Worcester, MA 01603Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%12/15/2041669.9 669.9 778.1 0.21 %
HMG Strategy, LLC(#,^)191 Post Rd West, Westport, CT 06880Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/14/202631.5 31.5 31.8 0.01 %
Trison Enterprises Inc.dba Lee's Automotive(#,^)13281 Aurora Ave N, Seattle, WA 98311Repair and MaintenanceTerm LoanPrime plus 2.75%12/14/2041379.2 379.2 439.7 0.12 %
AGG Management Team LLC dba Chevron(#,^)2615 S Dixie Hwy, West Palm Beach, FL 33401Gasoline Stations Term LoanPrime plus 2.75%12/14/2041266.4 266.4 311.1 0.08 %
Wayfarer Bicycle LLC(#,^)118-120 Ocean Ave, New London, CT 06320Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%12/13/204186.1 86.1 99.0 0.03 %
Success Advertising Inc. dba Success Communivstion Gr(#,^)26 Eastmans Rd, Parsippany, NJ 07054Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/13/2041434.1 434.1 506.3 0.14 %
Roast Beef Levittown LLC dba Arby's(#,^)2080 Hempstead Turnpike, East Meadow, NY 11554Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/13/2026141.3 141.3 147.7 0.04 %
Mack Team Enterprises Inc.dba The UPS Store #6815(#,^)38200 Ave of the States, Fort Gordon, GA 30905Couriers and MessengersTerm LoanPrime plus 2.75%12/9/202613.6 13.6 13.9 — %
Recycling Revolution,LLC(#,^)4190 Collins Rd, Unadilla, GA 31091Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/9/204184.7 84.7 97.9 0.03 %
eCommerce Direct, LLC(#,^)3440 Gannett Ave, Des Moines, IA 50321Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/9/2026516.9 516.9 527.2 0.14 %
New Life Hospital LLC(#,^)17400 Red Oak Dr, Houston, TX 77090HospitalsTerm LoanPrime plus 2.75%12/8/20411,134.0 1,134.0 1,324.2 0.36 %
Imagine By Carleen Inc.(#,^)1404 Del Prado Blvd. Units 100 & 105, Cape Coral, FL 33990Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/8/204148.9 48.9 56.5 0.02 %
Hanson's Greeks LLC(#,^)8132 N. 87th Place, Ste A, Scottsdale, AZ 85258Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/8/20267.5 7.5 7.8 — %
Noso Development LLC(#,^)4 Walker Way, Albany, NY 12205Construction of BuildingsTerm LoanPrime plus 2.75%12/1/202653.5 53.5 53.9 0.01 %
Quick Ship, LLC(#,^)448 W. 19th St, Houston, TX 77008Couriers and MessengersTerm LoanPrime plus 2.75%11/30/20266.9 6.9 7.0 — %
Pebble Wood Lane, LLC and Good Sam's Assisted Living Resiidence,LLC(#,^)1 Pebble Wood Lane, Palm Coast, FL 32164Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%11/30/204163.4 63.4 74.1 0.02 %
RD Management, LLC(#,^)2302 N. Kings Hwy, Myrtle Beach, SC 29572Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/30/2026140.8 140.8 142.4 0.04 %
Imaginarium Foods LLC,(#,^)751 N. Cable Rd, Lima, OH 45805Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/2042347.6 347.6 404.2 0.11 %
Usman Jalil, LLC dba Food Mart(#,^)147 N Washington St., Plainville, CT 06062Gasoline Stations Term LoanPrime plus 2.75%11/29/2041216.7 216.7 248.9 0.07 %
Access Staffing, LLC(#,^)360 Lexington Ave 8th Floor, New York, NY 10017Administrative and Support ServicesTerm LoanPrime plus 2.75%11/29/2026811.8 811.8 817.4 0.22 %
CRK Mens, LLC dba Spiff for Men(#,^)750 Third Ave, New York, NY 10017Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/23/202668.9 68.9 69.9 0.02 %
91
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

WPN Recycling Company LLC(#,^)5101 Andard Ave, Baltimore, MD 21226Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/23/202614.8 14.8 15.5 — %
Hafa Adai Signs and Graphics LLC dba Fastsigns of Auburn -#281901(#,^)1835 Auburn Way N Ste B, Auburn, WA 98002Administrative and Support ServicesTerm LoanPrime plus 2.75%11/23/202639.5 39.5 40.0 0.01 %
Bouquet Restaurant LLC(#,^)519 Main St., Covington, KY 41011Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/22/204190.1 90.1 105.2 0.03 %
JBK Truck Trailer and Bus Inc.(#,^)8669 S. State Rd 67, Camby, IN 46113Repair and MaintenanceTerm LoanPrime plus 2.75%11/22/2041386.0 386.0 446.7 0.12 %
Broms Asset Management LLC(#,^)215 East 79th St. Apt 9E, New York, NY 10075Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%11/22/202682.0 82.0 82.6 0.02 %
6E Technologies LLC(#,^)11001 West 120th Ave, Ste 400, Broomfield, CO 80020Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/22/2026101.3 101.3 104.7 0.03 %
Skaggs RV Outlet LLC(#,^)301 Commerce Dr, Elizabethtown, KY 42701Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%11/21/202665.9 65.9 68.9 0.02 %
Catherine Christine Morin dba Purr-Fect Pets(#,^)1915 North Austin Ave, Georgetown, TX 78626Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/17/202612.4 12.4 12.4 — %
Stratmar Systems Inc dba Stratmar Retail Services(#,^)109 Willett Ave, Port Chester, NY 10573Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/16/202645.6 45.6 47.6 0.01 %
Hoosier Health Plus, LLC(#,^)520 East 8th St., Anderson, IN 46012Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%11/15/202660.0 60.0 62.7 0.02 %
Hackensack Steel Corporation and Luzerne Ironworks Inc(#,^)300 Sly St., Swoyersville, PA 18709Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/10/2026170.1 170.1 177.9 0.05 %
Dyer Properties, LLC and Bayview Pharmacy, Inc.(#,^)3844 Post Rd, Warwick, RI 02886Health and Personal Care Stores Term LoanPrime plus 2.75%11/9/2041223.1 223.1 257.3 0.07 %
MIK LLC dba Firehouse Subs(#,^)17250 Royalton Rd, Strongsville, OH 44136Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/9/2026146.8 146.8 148.4 0.04 %
Fine Line Interiors, Inc.(#,^)2530 SW 30th Ave, Hallandale Beach, FL 33009Repair and MaintenanceTerm LoanPrime plus 2.75%11/4/204159.6 59.6 69.5 0.02 %
131 Miles LLC and Ohm Shubh Laxmi, LLC. dba Mr Hero(#,^)13215 Miles Ave, Cleveland, OH 44105Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/3/2041109.3 109.3 127.3 0.03 %
Veracruz Shabo, LLC(EPC) Waterfalls Quick Lube LLC (OC)(#,^)1325 BRd St., Central Falls, RI 02863Repair and MaintenanceTerm LoanPrime plus 2.75%11/1/2041110.0 110.0 127.9 0.03 %
Glocecol LLC(#,^)10302 NW South River Dr, Bay #18, Miami, FL 33178Administrative and Support ServicesTerm LoanPrime plus 2.75%11/1/202649.4 49.4 51.6 0.01 %
Moolchan Enterprises LLC dba Staying Green(#,^)2650 S.W. 154 Ave, Davie, FL 33331Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/31/20267.1 7.1 7.5 — %
Bloomquist Communications Inc.(#,^)131 East Trinity Place, Decatur, GA 30030Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/31/202638.9 38.9 39.2 0.01 %
Woodstock Enterprises Corp dba True Scent Candle Co(#,^)191 2nd Ave, Warwick, RI 02888Miscellaneous ManufacturingTerm LoanPrime plus 2.75%10/31/204182.2 82.2 94.5 0.03 %
Elite Structures Inc(#,^)401 Old Quitman Rd, Abel, GA 31620Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%10/27/2029173.0 173.0 184.6 0.05 %
92
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Blakeslee Arpaia Chapman Inc and Chapman Construction Services LLC(#,^)200 North Branford Rd, Branford, CT 06405Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%10/24/2026276.6 276.6 289.2 0.08 %
Worldwide Estate, Inc. dba Washington Heights Manor(#,^)10620 W. Greenwood Terrace, Milwaukee, WI 53224Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%10/21/2041207.7 207.7 242.6 0.07 %
Gold Wind Logistics LLC(#,^)2830 Beech Daly Rd, Inkster, MI 48141Truck TransportationTerm LoanPrime plus 2.75%10/20/2041162.0 162.0 189.1 0.05 %
Speaker City, Inc. dba Rollin Thunder(#,^)246 East Belt Blvd, Richmond, VA 23224Electronics and Appliance Stores Term LoanPrime plus 2.75%10/14/2041115.7 115.7 134.4 0.04 %
Maine Service Corp(#,^)59-22 55th St., Maspeth, NY 11378Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%10/13/2026106.8 106.8 111.5 0.03 %
Justin Partlow(#,^)100 Independence Place, Ste 414, Tyler, TX 75703Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%10/13/202612.7 12.7 12.8 — %
Reliable Recovery Services LLC(#,^)2401 West Mcdowell Rd, Phoenix, AZ 85009Support Activities for TransportationTerm LoanPrime plus 2.75%10/7/202673.2 73.2 75.2 0.02 %
Ailky Corporation(#,^)352 Beford St., Lakeville, MA 02347Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%10/3/2026154.2 154.2 156.6 0.04 %
Wyspen Corporation dba Charlestown Ace(#,^)5 Austin St., Charlestown, MA 02129Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%10/3/202623.4 23.4 23.6 0.01 %
JJA Transportation Management Inc.(#,^)15 Church St., Upland, PA 19015Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%9/30/202630.9 30.9 31.9 0.01 %
Seaway LLC and Reklaw LLC dba Allure Lounge(#,^)415 -417 Halsey Dr, Newark, NJ 07102Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/2041126.9 126.9 149.9 0.04 %
CNC Precision Machine, Inc.(#,^)18360 Industrial Circle, Burton, OH 44021Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/28/20411,178.3 1,178.3 1,386.5 0.38 %
Beadon Inc(#,^)2601 Old Ocean City Rd, Salisbury, MD 21804Food and Beverage Stores Term LoanPrime plus 2.75%9/28/202614.4 14.4 15.1 — %
Kyle M Walker DDS, PC(#,^)1402 West Park Ave, Orange, TX 77630Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/27/2026157.1 157.1 162.7 0.04 %
Luv 2 Play Nor Cal, LLC dba Luv 2 Play(#,^)82 Clarksville Rd, Folsom, CA 95630Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/27/202636.2 36.2 37.5 0.01 %
Reynolds Fence & Guardrail Inc.(#,^)9320 Machado Dr, Indian Trail, NC 28079Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%9/27/2026403.9 403.9 423.1 0.12 %
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch(#,^)24201 North Hwy 1, Fort Bragg, CA 95437Support Activities for Agriculture and ForestryTerm LoanPrime plus 2.75%9/26/20265.8 5.8 6.1 — %
TPFC,LLC dbaThe Picture Frame Company(#,^)5957 Glenway Ave, Cincinnati, OH 45238Miscellaneous Store Retailers Term LoanPrime plus 2.75%9/26/204154.2 54.2 63.8 0.02 %
PeopleBest Inc.(#,^)19442 Mesa Dr, Villa Park, CA 92861Administrative and Support ServicesTerm LoanPrime plus 2.75%9/26/20269.6 9.6 9.9 — %
Cuppiecakes LLC(#,^)313 S Main St., McGregor, TX 76557Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/21/204120.8 20.8 24.4 0.01 %
Wrecking Crew Media LLC(#,^)229 Commercial Ave, Pittsburgh, PA 15212Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%9/21/202632.1 32.1 33.1 0.01 %
Benoit's Towing and Recovery LLC(#,^)301 Tabor Rd, Swanton, VT 05488Support Activities for TransportationTerm LoanPrime plus 2.75%9/20/20265.4 5.4 5.6 — %
93
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Metropet Dog Center, Inc(#,^)2057 West Shore Rd, Warwick, RI 02889Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/13/2041100.8 100.8 118.6 0.03 %
Animal Intrusion Prevention Systems Holding Company, LLC dba Critter C(#,^)1362-1366 W. Carrier Parkway, Grand Prairie, TX 75050Administrative and Support ServicesTerm LoanPrime plus 2.75%8/30/202686.5 86.5 89.6 0.02 %
Raem Corporation dba Dryclean Express(#,^)557 West Whitney Rd, Fairport, NY 14450Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/29/204166.8 66.8 78.7 0.02 %
Warren Dale Warrington dba Custom Paint and Body(#,^)705 S Market Ave, Fort Pierce, FL 34982Repair and MaintenanceTerm LoanPrime plus 2.75%8/26/204193.3 93.3 109.8 0.03 %
Albert Basse Associates Inc(#,^)175 Campanelli Parkway, Stoughton, MA 02072Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%8/25/202639.1 39.1 41.0 0.01 %
Rosmel Pools Inc(#,^)9300 NW 25th St. Ste 103, Miami, FL 33172Repair and MaintenanceTerm LoanPrime plus 2.75%8/25/202614.3 14.3 14.8 — %
Avery Management Inc. dba Whetstone Upholstery(#,^)1122 N Bloulevard, Richmond, VA 23230Repair and MaintenanceTerm LoanPrime plus 2.75%8/25/20266.5 6.5 6.7 — %
TR Companies LLC dba Liberty Rental 4 U(#,^)410 N Church Rd, Liberty, MO 64068Rental and Leasing ServicesTerm LoanPrime plus 2.75%8/25/202631.4 31.4 32.4 0.01 %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC(#,^)726-740 South Fleming St., Sebastian, FL 32958Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/24/2041492.0 492.0 580.8 0.16 %
Luv 2 Play Temecula, LLC(#,^)26469 Ynez Rd, Temecula, CA 92591Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/15/202639.4 39.4 40.7 0.01 %
Grayson O Company(#,^)6509 Newell Ave, Kannapolis, NC 28082Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%8/10/2041575.7 575.7 679.1 0.19 %
Paul Belanger dba Paul Belanger Landscaping(#,^)2595 Military Ave, Los Angeles, CA 90064Administrative and Support ServicesTerm LoanPrime plus 2.75%8/9/20269.5 9.5 9.8 — %
The Hungry Rhino LLC(#,^)47 South Main St., Windsor Locks, CT 06096Real EstateTerm LoanPrime plus 2.75%7/29/204170.1 70.1 82.4 0.02 %
USA General Investment LLC dba Braniff Paint and Body Shop(#,^)2290 NW 21st Terrace, Miami, FL 33142Repair and MaintenanceTerm LoanPrime plus 2.75%7/29/202614.1 14.1 14.6 — %
303 Tower Drive LLC(#,^)303 Tower Dr, Ste A, Middletown, NY 10941Repair and MaintenanceTerm LoanPrime plus 2.75%7/29/2041367.9 367.9 433.5 0.12 %
Little Tree Huggers Child Care LLC(#,^)38620 9 Mile Rd, Farmington Hills, MI 48335Social AssistanceTerm LoanPrime plus 2.75%7/29/2041128.7 128.7 151.8 0.04 %
676 Club LP dba The Green Door Tavern/The Drifter(#,^)676 and 678 North Orleans ST, Chicago, IL 60654Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/28/2041622.6 622.6 734.0 0.20 %
Intrepid Trinity LLC(#,^)680 Douglas Ave, Providence, RI 02908Nonstore Retailers Term LoanPrime plus 2.75%7/28/204157.5 57.5 67.6 0.02 %
Apple Tree NC Inc dba Williams Farm & Garden Center(#,^)1309 Old Cherry Point Rd, New Bern, NC 28560Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%7/28/2041319.3 319.3 374.7 0.10 %
EPEC Juice LLC dba Jamba Juice(#,^)810 Ninth St., Ste 128, Durham, NC 27705Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/27/202652.2 52.2 53.9 0.01 %
Pinco Pizza LLC dba Jet's Pizza(#,^)10845 N. Tatum Blvd Ste A 100, Phoenix, AZ 85028Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/27/202645.9 45.9 48.2 0.01 %
JAG Unit 1, LLC dba Arooga's Grille House and Sports Bar(#,^)1 West Main St., Patchogue, NY 11772Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/27/202682.1 82.1 84.7 0.02 %
94
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Robert G Larson State Farm Insurance(#,^)7922 Jamaica Ave, Woodhaven, NY 11421Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%7/22/202614.1 14.1 14.5 — %
My Sainath Inc dba Motel 6(#,^)1008 E Crest Dr, Waco, TX 76705AccommodationTerm LoanPrime plus 2.75%7/22/2041282.9 282.9 333.4 0.09 %
Robert P Daniels dba Ginger and Friend's Peppermint Village Gift Sho(#,^)1502 Hwy 157, Mansfield, TX 76063Miscellaneous Store Retailers Term LoanPrime plus 2.75%7/18/20269.8 9.8 10.2 — %
Franklin Firm LLC dba Luv 2 Play(#,^)1310 East Stan Schleuter Loop, Killeen, TX 76542Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/15/2041149.5 149.5 175.9 0.05 %
RM Hawkins LLC dba Pure Water Tech West(#,^)5140 Topaz Dr, Colorado Springs, CO 80918Nonstore Retailers Term LoanPrime plus 2.75%7/7/202631.1 31.1 32.6 0.01 %
Nevey's LLC dba Stark Food III(#,^)6315 W. Fond Du Lac Ave, Milwaukee, WI 53218Food and Beverage Stores Term LoanPrime plus 2.75%6/30/2041270.6 270.6 319.0 0.09 %
P L H Pharmaco Inc dba Farmacia San Jose(#,^)149 48th St., Union City, NJ 07087Health and Personal Care Stores Term LoanPrime plus 2.75%6/30/2026102.3 102.3 107.2 0.03 %
Martin Inventory Management LLC(#,^)304 1/2 Main St., Edgefield, SC 29824Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/30/202615.2 15.2 16.0 — %
VMA Technologies LLC(#,^)120 South Serenata Dr Unit 332, Ponte Vedra Beach, FL 32082Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/30/202613.8 13.8 14.2 — %
Corning Lumber Company Inc and Frank R Close and Son Inc dba Close Pai(#,^)1314 Sixth St., Orland, CA 95963Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/30/2029144.4 144.4 155.5 0.04 %
Desert Tacos LLC(#,^)245 East Bell Rd Ste A-2, Phoenix, AZ 85022Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/30/202662.6 62.6 65.4 0.02 %
WGI, LLC dba Williams Grant Inn(#,^)154 High St., Bristol, RI 02809AccommodationTerm LoanPrime plus 2.75%6/29/2041113.3 113.3 133.3 0.04 %
O.D.S. Inc dba Four Seasons Health & Racquet and Step 'N' Motion, Inc(#,^)626 Delsea Dr N, Glassboro, NJ 08028Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/29/202686.4 86.4 89.3 0.02 %
KWG Industries, LLC dba Peterson & Marsh Metal Industries(#,^)330 Roycefield Rd, Unit B, Hillsborough, NJ 08844Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%6/29/2041279.1 279.1 328.7 0.09 %
JumboMarkets Inc dba Rines Jumbomarkets(#,^)15500 SW Trail Dr, Indiantown, FL 34956Food and Beverage Stores Term LoanPrime plus 2.75%6/24/202630.9 30.9 31.8 0.01 %
Island Time Investments, LLC dba Swantown Inn Bed & Breakfast(#,^)1431 11th Ave SE, Olympia, WA 98501AccommodationTerm LoanPrime plus 2.75%6/24/204192.9 92.9 109.4 0.03 %
Shooting Sports Academy LLC and Jetaa LLC dba Shooting Sports Academy(#,^)27 Main St., Monroe, CT 06468Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/23/2041457.2 457.2 535.1 0.15 %
Visual Advantage LLC dba Signs Now Perryberg(#,^)23248 Dunbridge Rd, Perrysburg, OH 43443Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/23/204183.7 83.7 98.2 0.03 %
Long Island Comedy LLC dba Governors and New York Comedy, LLC(#,^)90 A Division Ave, Levittown, NY 11756Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/23/2041173.5 173.5 203.7 0.06 %
Bagelicious, LLC(#,^)945 S Main St, Cheshire, CT 06410Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/17/202633.7 33.7 34.7 0.01 %
95
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Blue Eagle Transport Inc, Greeneagle Transport Inc and Golden Eagle Tr(#,^)377 Boston Post Rd, Milford, CT 06460Couriers and MessengersTerm LoanPrime plus 2.75%6/16/2026332.8 332.8 342.6 0.09 %
NKJ Lusby Donuts LLC(#,^)174 Village Center Dr, Lusby, MD 20657Food and Beverage Stores Term LoanPrime plus 2.75%6/16/202613.9 13.9 14.3 — %
Jai-Alexia Consulting, Inc.(#,^)14660 Paddock Dr, Wellington, FL 33414Couriers and MessengersTerm LoanPrime plus 2.75%6/15/20267.3 7.3 7.5 — %
Pumpkin Patch Child Care of Southington, LLC and Giuseppe Pugliares(#,^)1137 West St., Southington, CT 06489Social AssistanceTerm LoanPrime plus 2%6/15/2041468.7 468.7 518.8 0.14 %
Luv 2 Play AZ LLC(#,^)15495 Bell Rd, Surprise, AZ 85374Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/10/202641.9 41.9 43.8 0.01 %
Refoleen Inc dba Spice and Tea Exchange(#,^)849 East Commerce St., Ste 121, San Antonio, TX 78205Food and Beverage Stores Term LoanPrime plus 2.75%6/10/202653.3 53.3 54.9 0.01 %
Larry H. Patterson and Rainbow Movers, Inc(#,^)2325 Hollers Ave, Bronx, NY 10475Truck TransportationTerm LoanPrime plus 2.75%6/6/202613.9 13.9 14.3 — %
Solvit Inc and Solvit North Inc(#,^)65 Farmington Valley Dr, Plainville, CT 06062Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/3/2026152.3 152.3 157.9 0.04 %
AP5 LLC dba Krauser's Food Store(#,^)5 Pond Point Rd, Milford, CT 06460Food and Beverage Stores Term LoanPrime plus 2.75%6/2/2041177.7 177.7 209.2 0.06 %
ATI Jet Inc(#,^)7007 Boeing Dr, El Paso, TX 79925Air TransportationTerm LoanPrime plus 2.75%5/31/2026355.9 355.9 368.5 0.10 %
Angelo Faia dba AVF Construction(#,^)55 Arbour Lane, Sewell, NJ 08080Construction of BuildingsTerm LoanPrime plus 2.75%5/27/204191.0 91.0 106.8 0.03 %
Premier Athletic Center of Ohio, Inc(#,^)8957 Kingsridge Dr, Centerville, OH 45459Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/27/202653.3 53.3 55.7 0.02 %
Jack Frost Firewood Inc. and David Dubinsky(#,^)3168 Holland Rd, Virginia Beach, VA 23453Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/26/2041188.8 188.8 221.4 0.06 %
Southwest Division Inc(#,^)2103 NE 3rd Terrace, Cape Coral, FL 33909Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%5/26/20265.0 5.0 5.2 — %
International Kitchen Supply LLC(#,^)3466 North Hwy 11, West Union, SC 29696Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/25/2026119.9 119.9 124.3 0.03 %
Groth Lumber Co. Inc. dba True Value(#,^)6747 Pacific Ave, Wright, MN 55798Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/25/202613.7 13.7 14.3 — %
Island Life Graphics Inc dba FASTSIGNS #576(#,^)1925 S 14th St. No. 7, Amelia Island, FL 32034Miscellaneous ManufacturingTerm LoanPrime plus 2.75%5/24/202613.7 13.7 14.1 — %
Powerspec Inc(#,^)1 Linsley Place, Metuchen, NJ 08840Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/24/202652.9 52.9 54.4 0.01 %
Horseshoe Barbecue, LLC(#,^)6555, 6565, 6575 N. Sandario Rd, Tucson, AZ 85743Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/23/20296.3 6.3 6.7 — %
Pro Auto Repair LLC(#,^)204 F St. SW, Quincy, WA 98848Repair and MaintenanceTerm LoanPrime plus 2.75%5/20/20264.5 4.5 4.7 — %
Elderfriend Inc dba Granny Nannies dba GN Live Scan(#,^)1499 W. Palmetto Park Rd., Ste #115, Boca Raton, FL 33486Social AssistanceTerm LoanPrime plus 2.75%5/20/20267.8 7.8 8.0 — %
96
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

National Air Cargo Holdings Inc(#,^)5955 TG Lee Blvd., Ste 500, Orlando, FL 32822Air TransportationTerm LoanPrime plus 2.75%5/20/202670.8 70.8 74.0 0.02 %
Dedicated Incorporated(#,^)2916 North 39th St., Phoenix, AZ 85019Administrative and Support ServicesTerm LoanPrime plus 2.75%5/18/204142.6 42.6 50.0 0.01 %
J&A Laundromat Inc.(#,^)225 East Park Ave, Long Beach, NY 11561Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/18/202641.1 41.1 42.5 0.01 %
HBA LLC dba Palmetto Twist-Vista(#,^)1225-1229 Lincoln St., Columbia, SC 29201Repair and MaintenanceTerm LoanPrime plus 2.75%5/18/202611.8 11.8 12.2 — %
FJN Catering Inc(#,^)106 Main St., Mineola, NY 11951Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/13/2041243.1 243.1 286.3 0.08 %
Pumpkin Patch Inc and Christine Feliciano and Antonio Feliciano(#,^)11 Kirby Rd, Cromwell, CT 06419Social AssistanceTerm LoanPrime plus 2.75%5/12/2041121.3 121.3 142.3 0.04 %
Sabir Inc. dba Bear Diner(#,^)603 Pulaski Hwy, Bear, DE 19701Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/11/2041113.2 113.2 133.1 0.04 %
Keller, Fishback & Jackson LLP(#,^)28720 Canwood St., Agoura Hills, CA 91301Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/29/202677.4 77.4 81.0 0.02 %
Loriet LLC(#,^)5001 Vivienda Way, Sarasota, FL 34235Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%4/29/20264.5 4.5 4.6 — %
Hard Exercise Works Winter Park LLC(#,^)11551 University Blvd, Ste. 4C Building 1, Orlando, FL 32817Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/29/202624.5 24.5 25.2 0.01 %
Marc S. Rosenberg P.C. dba Mammuth and Rosenberg(#,^)401 East City Ave Ste 122, Bala Cynwyd, PA 19004Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/29/202613.5 13.5 13.9 — %
Warner Home Comfort, LLC dba Smith Piping(#,^)1571 Canton Rd., NW, Carrollton, OH 44615Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/29/204175.4 75.4 88.4 0.02 %
Alpha Omega Trucking LLC(#,^)14432-52 State Line Rd, Brookings, OR 97415Truck TransportationTerm LoanPrime plus 2.75%4/29/2041160.5 160.5 189.0 0.05 %
May-Craft Fiberglass Products Inc(#,^)96 Hillsboro Rd, Four Oaks, NC 27524Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%4/29/2041226.2 226.2 266.3 0.07 %
Empowerschool LLC and Empower Autism Academy, LLC(#,^)1250 South A. W. Grimes Rd, Round Rock, TX 78665Social AssistanceTerm LoanPrime plus 2.75%4/29/2041138.8 138.8 163.4 0.04 %
Pecos Inn LLC dba Econo Lodge(#,^)2207 W Third St., Pecos, TX 79772AccommodationTerm LoanPrime plus 2.75%4/28/2041621.9 621.9 731.6 0.20 %
Costume World Inc(#,^)950 South Federal Hwy, Deerfield Beach, FL 33441Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%4/28/20411,153.3 1,153.3 1,358.0 0.37 %
Accent Comfort Services, LLC(#,^)5035-C West W. T. Harris Blvd, Charlotte, NC 28269Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/26/202654.1 54.1 55.6 0.02 %
Automotive Core Recycling, LLC and 828 Old Colony Road, LLC(#,^)27-29 Cooper St., Meriden, CT 06053Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%4/22/2041228.4 228.4 267.0 0.07 %
AAA Mill Direct, Inc. dba Carpet Mill Outlets(#,^)1 North Armistead Ave, Hampton, VA 23669Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%4/21/20264.7 4.7 4.9 — %
Sushiya Inc(#,^)72 South Main St., Hanover, NH 03755Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/12/202652.6 52.6 54.4 0.01 %
KNS Early Learning Academy LLC(#,^)57 Merritt St. SE, Marietta, GA 30060Social AssistanceTerm LoanPrime plus 2.75%4/6/204146.7 46.7 54.7 0.01 %
97
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Waterfalls Quick Lube LLC and Veracruz Shabo LLC(#,^)1325 BRd St., Central Falls, RI 02863Repair and MaintenanceTerm LoanPrime plus 2.75%4/6/2041247.3 247.3 290.7 0.08 %
Christian Soderquist dba Soderquist Plumbing and Heating LLC(#,^)7 Oak Dr, Sandy Hook, CT 06482Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/31/204151.7 51.7 60.9 0.02 %
Vehicle Safety Supply LLC(#,^)15 East 72nd St., Ste 14-H, New York, NY 10021Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/31/202613.3 13.3 13.7 — %
Cameo Carter, MD A Professional Corporation dba The Garden Pediatric G(#,^)101 East Redlands Blvd., Ste 106, Redlands, CA 92373Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/31/202644.4 44.4 45.7 0.01 %
Dana A. Farley dba Independent Cabinets(#,^)5805 NE Minder Rd, Poulsbo, WA 98370Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%3/31/204158.4 58.4 68.8 0.02 %
Men of Steel Enterprises LLC and Vogelbacher Properties LLC(#,^)2039 US Route 130, Burlington, NJ 08016Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/31/2041358.8 358.8 418.8 0.11 %
MTS Car Service LLC(#,^)9 Gibson Court Apt# 1, Norwalk, CT 06854Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%3/30/20266.2 6.2 6.4 — %
Tom Sawyer Country Restaurant LLC and AM 3208 LLC(#,^)3208 Forest Hills Blvd, Palm Springs, FL 33406Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/30/2041234.5 234.5 276.0 0.08 %
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette’s-West P(#,^)550 Rosemary Ave, Ste 236, West Palm Beach, FL 33410Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%3/30/202655.5 55.5 57.3 0.02 %
Wyldewood Cellars, Inc.(#,^)951 East 119th St, Mulvane, KS 67120Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%3/30/2041960.0 960.0 1,122.2 0.31 %
NOSO Development, LLC(#,^)4 Walker Way, Albany, NY 12205Construction of BuildingsTerm LoanPrime plus 2.75%3/30/2026120.2 120.2 123.5 0.03 %
Gordon Rogers and Heidi Rogers dba Stone House Motor Inn(#,^)162 Danielson Pike, Foster, RI 02825AccommodationTerm LoanPrime plus 2.75%3/30/202613.5 13.5 14.1 — %
Barrocas Gym LLC dba Snap Fitness(#,^)260 West Main St., Avon, CT 06001Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/29/202611.4 11.4 11.8 — %
PHCDC1 LLC dba Quarter + Glory and Public House Collective, Corp.(#,^)2017 14th St. NW, Washington, DC 20009Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/28/202630.8 30.8 31.9 0.01 %
Marathon Engineering Corporation(#,^)5615 2nd St. W, Lehigh Acres, FL 33971Miscellaneous ManufacturingTerm LoanPrime plus 2.75%3/28/204141.0 41.0 48.2 0.01 %
Revolution Physical Therapy LLC dba Apex Network Physical Therapy(#,^)2705 Dougherty Ferry Rd Ste 104, St. Louis, MO 63122Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/25/202613.5 13.5 13.9 — %
ActKnowledge, Inc(#,^)365 5th Ave, New York, NY 10016Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/24/202674.0 74.0 77.3 0.02 %
International Construction Inc(#,^)53955 Gratiot Ave, Chesterfield, MI 48051Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%3/24/204143.2 43.2 50.6 0.01 %
Precious Care LLC and Precious Care Management LLC(#,^)186-06 Union Turnpike, Fresh Meadows, NY 11364Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/21/2026328.5 328.5 337.7 0.09 %
Kekoa Enterprises Inc dba Signarama Sandy(#,^)8942 South 700 East, Sandy, UT 84070Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/18/202629.3 29.3 30.1 0.01 %
98
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Taylors Zinn Enterprises Inc dba Eons Auto Care Inc(#,^)330 West Harden St., Graham, NC 27253Repair and MaintenanceTerm LoanPrime plus 2.75%3/18/204173.6 73.6 86.6 0.02 %
Brian T Rice dba BD Logging(#,^)800 3rd St Apt B, St Marys, WV 26170Forestry and LoggingTerm LoanPrime plus 2.75%3/17/20261.1 1.1 1.1 — %
R & D Enterprises Inc dba My Pool Man(#,^)291 North Texas Ave., Orlando, FL 32805Administrative and Support ServicesTerm LoanPrime plus 2.75%3/15/202629.6 29.6 30.4 0.01 %
Mustafa Inc and Raouf Properties LLC(#,^)3538 Pin Oak Dr, San Antonio, TX 78229Food and Beverage Stores Term LoanPrime plus 2.75%3/14/204168.3 68.3 80.2 0.02 %
HEWZ, LLC dba Hard Exercise Works(#,^)5684 West Sample Rd, Coral Springs, FL 33071Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/14/202613.3 13.3 13.6 — %
Dupre Capital LLC dba Fastsigns(#,^)215 Quartermaster Court, Jeffersonville, IN 47130Miscellaneous ManufacturingTerm LoanPrime plus 2.75%3/11/202634.6 34.6 35.5 0.01 %
ABCs & 123s Infant and Child Care Center LP(#,^)13419 Hwy 290E., Bldg 5, Manor, TX 78653Social AssistanceTerm LoanPrime plus 2.75%3/11/20266.7 6.7 6.8 — %
Step Up Academy of the Arts LLC(#,^)2558 Wigwam Pkwy Ste A, Henderson, NV 89074Educational ServicesTerm LoanPrime plus 2.75%3/9/20264.8 4.8 4.9 — %
Faith Summit Supply Inc dba Summit Supply and Summit True Value(#,^)8584 US Business Hwy 277, Haskell, TX 79521Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/9/202613.3 13.3 13.8 — %
Swerve Salon LLC(#,^)1419 N Wells St., Chicago, IL 60610Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/8/202646.8 46.8 48.1 0.01 %
J & W Hardwood Flooring Inc(#,^)14967 Madison St, Brighton, CO 80602Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/7/20264.4 4.4 4.6 — %
Hueston and Company CPA LLC(#,^)8792 East State Rd 70, Ste B, Bradenton, FL 34202Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/4/20263.9 3.9 4.0 — %
Labmates LLC and POV Holdings LLC(#,^)141 Watertown Rd, Thomaston, CT 06787Miscellaneous Store Retailers Term LoanPrime plus 2.75%3/4/204199.6 99.6 117.1 0.03 %
The River Beas, LLC dba Subway and Punam Singh(#,^)5516 Baltimore Ave, Hyattsville, MD 20781Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/2041123.2 123.2 144.8 0.04 %
Living Essentials HVAC Corp(#,^)42 West St., Apt 24, Randolph, MA 02368Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/28/20268.8 8.8 9.0 — %
Consulting Solutions, Inc. and Mark Luciani(#,^)3000 N Federal Hwy, STE 1, Fort Lauderdale, FL 33306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/28/20265.7 5.7 5.9 — %
Powerpits CS1, LLC dba Pita Pit(#,^)2008 S Texas Ave, College Station, TX 77840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/20260.8 0.8 0.8 — %
Drug Detection Laboratories, Inc. and Minh Tran(#,^)9700 Business Park Dr, Sacramento, CA 95827Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/28/202611.6 11.6 11.9 — %
Aaradhya LLC dba Market Square Laundry(#,^)7727 Crittenden St., Philadelphia, PA 19118Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/23/202645.2 45.2 46.4 0.01 %
Blackstones Hairdressing LLC(#,^)2 Ave of the Americas, New York, NY 10013Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/23/202630.6 30.6 31.5 0.01 %
R & K Contracting Inc(#,^)3605 NW 31st Ave, Fort Lauderdale, FL 33309Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/18/20269.2 9.2 9.6 — %
Jersey Shore Marina & Boat Sales, Inc.(#,^)841 Route 70 East, Brick, NJ 08724Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/12/2041570.1 570.1 670.2 0.18 %
Ei3 Corporation(#,^)136 Summit Ave, Montvale, NJ 07645Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/12/2026190.9 190.9 199.2 0.05 %
99
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Gilmore Heights Dental Holdings, LTD and Chas Rob LLC(#,^)2250 Warrensville Center Rd, University Heights, OH 44118Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/12/2029222.4 222.4 236.6 0.06 %
Base USA, Inc.(#,^)2215 NW 2nd Ave, Miami, FL 33127Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%2/2/202629.2 29.2 30.5 0.01 %
SuzyQue's LLC dba SuzyQue's(#,^)34 South Valley Rd, West Orange, NJ 07052Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/28/202612.9 12.9 13.4 — %
Wildflour Bakery & Cafe LLC(#,^)5137 Clareton Dr., Ste 100, Agoura Hills, CA 91301Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/28/202636.0 36.0 37.5 0.01 %
Tammy Lavertue(#,^)24 Wakefield St., Rochester, NH 03867Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%1/28/20266.4 6.4 6.7 — %
Gendron Funeral and Cremation Services, Inc.(#,^)135 North Lime Ave, Sarasota, FL 34237Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/11/2041102.4 102.4 120.3 0.03 %
Dolarian Realty LLC and OV's Restaurant Inc(#,^)34 Old Colony Ave, East Taunton, MA 02718Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/5/204161.5 61.5 72.4 0.02 %
Lemonberry Food Stores Inc dba Lemonberry Frozen Yogurt(#,^)1196 Inverness Lane, Stow, OH 44224Food and Beverage Stores Term LoanPrime plus 2.75%12/29/202563.8 63.8 65.9 0.02 %
MCF Forte LLC(#,^)1245 W Baseline Rd Unit 105, Mesa, AZ 85202Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/29/202510.6 10.6 10.9 — %
Panditos LLC dba White Lotus Home(#,^)431 Raritan Ave, Highland Park, NJ 08904Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/28/20259.0 9.0 9.2 — %
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch Inc(#,^)24201 North Hwy 1, Fort Bragg, CA 95437Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/23/204092.8 92.8 108.7 0.03 %
800 on the Trax LLC and Matrix Z LLC(#,^)800 SW 21st Terrace, Fort Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%12/23/2040228.7 228.7 267.5 0.07 %
Joyce Outdoor Advertising Chicago LLC(#,^)2443 West 16th St., Chicago, IL 60608Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/22/2040272.7 272.7 319.0 0.09 %
Premier Athletic Center of Ohio Inc. and Gates Investments and Wade Ga(#,^)8957 Kingsridge Dr, Centerville, OH 45459Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/22/2028621.1 621.1 664.5 0.18 %
Hattingh Incorporated dba Prosthetic Care Facility(#,^)4415 Woodridge Pkwy, Ste 180, Leesburg, VA 20176Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/21/202510.2 10.2 10.5 — %
Trip Consultants U.S.A. Inc.(#,^)311 85th St., Brooklyn, NY 11209Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/202594.3 94.3 96.7 0.03 %
Accent Tag and Label Inc(#,^)2201 Rittenhouse St, Des Moines, IA 50321Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%12/18/2040600.6 600.6 703.1 0.19 %
Labmates LLC(#,^)141 Watertown Rd, Thomaston, CT 06787Miscellaneous Store Retailers Term LoanPrime plus 2.75%12/18/2040147.2 147.2 172.7 0.05 %
Sourceco Limited Liability Company(#,^)17 Palmer Ave, West Long Branch, NJ 07764Merchant Wholesalers, Nondurable Goods Term Loan6.5%12/17/202524.5 24.5 23.7 0.01 %
Moments to Remember USA LLC dba Retain Loyalty(#,^)1250 Sanders Ave SW, Massillon, OH 44646Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/16/202549.1 49.1 51.0 0.01 %
New York Home Health Care Equipment, LLC(#,^)30 Hopper St., Westbury, NY 11590Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/16/2025582.9 582.9 606.8 0.17 %
100
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Abitino's JFK LLC dba Abitino's(#,^)Terminal 8 JFK ExpressWay Airport, Jamaica, NY 11430Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/16/202241.0 41.0 41.0 0.01 %
JAG Unit 1, LLC(#,^)1 West Main St., Patchogue, NY 11772Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/16/2025150.1 150.1 153.8 0.04 %
Swalm Street LLC and New York Home Health Care Equipment LLC(#,^)30 Hopper St., Westbury, NY 11590Ambulatory Health Care ServicesTerm Loan7.5%12/16/2040363.0 363.0 340.6 0.09 %
DC Enterprises Ltd. dba Lakeview True Value(#,^)318 North F St., Lakeview, OR 97630Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/14/202512.8 12.8 13.3 — %
Basista Family Limited Partnership and UPE, Inc.(#,^)3401 Brecksville Rd, Richfield, OH 44286Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/14/2040310.2 310.2 363.0 0.10 %
Cares, Inc dba Dumpling Grounds Day Care Center(#,^)4508 Blakiston St., Philadelphia, PA 19136Social AssistanceTerm LoanPrime plus 2.75%12/10/20254.3 4.3 4.4 — %
Custom Exteriors, Inc.(#,^)2142 Rheem Dr, Ste E, Pleasanton, CA 94588Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/9/202556.7 56.7 58.5 0.02 %
Sushiya, Inc.(#,^)72-74 South Main St., Hanover, NH 03755Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/8/202561.7 61.7 63.6 0.02 %
LC Blvd Holdings LLC and Mt Pleasant Wash & Wax LLC(#,^)880 Lowcountry Blvd, Mount Pleasant, SC 29464Repair and MaintenanceTerm LoanPrime plus 2.75%12/4/2040454.8 454.8 533.0 0.15 %
Japp Business Inc dba Pick and Eat and Japp Drink Corp.(#,^)4179 BRdway, New York, NY 10033Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/30/202575.7 75.7 78.1 0.02 %
DWeb Studio, Inc.(#,^)10800 E. Bethany Dr, Ste 275, Aurora, CO 80014Educational ServicesTerm LoanPrime plus 2.75%11/25/20256.3 6.3 6.4 — %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC(#,^)726-740 South Fleming St., Sebastian, FL 32958Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%11/23/2040738.3 738.3 693.2 0.19 %
Ronny Ramirez RX Corp dba Naturxheal Family Pharmacy(#,^)3105 107th Ave, Doral, FL 33178Health and Personal Care Stores Term LoanPrime plus 2.75%11/20/202550.1 50.1 51.5 0.01 %
S.B.B. Enterprises Inc dba Williamston Hardware(#,^)139 S Putnam St., Williamston, MI 48895Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%11/19/204098.1 98.1 114.2 0.03 %
Key Pix Productions Inc. dba Air Bud Entertainment(#,^)22525 Pacific Coast Hwy, Malibu, CA 90265Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%11/18/2040497.4 497.4 583.8 0.16 %
Green Life Lawnscapes LLC dba Green Life Lawn Care(#,^)1820 NE Jensen Beach Blvd, Jensen Beach, FL 34957Administrative and Support ServicesTerm LoanPrime plus 2.75%11/6/202580.1 80.1 83.4 0.02 %
JumboMarkets Inc dba Rines Jumbomarkets(#,^)15500 SW Trail Dr, Indiantown, FL 34956Food and Beverage Stores Term LoanPrime plus 2.75%11/4/2025171.1 171.1 178.1 0.05 %
Financial Network Recovery Inc(#,^)250 E Easy St. Ste 1, Simi Valley, CA 93065Administrative and Support ServicesTerm LoanPrime plus 2.75%10/26/202522.0 22.0 22.6 0.01 %
ADMO Inc dba Mid States Equipment(#,^)16180 Westwoods Business Park, Ellisville, MO 63021Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%10/8/202512.4 12.4 12.7 — %
Accent Homes Services LLC dba Benjamin Franklin Plumbing of Kansas Cit(#,^)7748 Troost Ave, Kansas City, MO 64131Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/30/202845.6 45.6 49.0 0.01 %
101
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Barub Realty LLC and Barub LLC dba Woodlawn Cabinets(#,^)1838 Adee Ave, Baychester, NY 10469Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%9/30/2040128.5 128.5 151.6 0.04 %
R.H. Hummer Jr., Inc.(#,^)2141 P Ave, Williamsburg, IA 52361Truck TransportationTerm LoanPrime plus 2.75%9/30/2025220.4 220.4 230.1 0.06 %
Binky's Vapes LLC(#,^)10539 Greenbelt Rd Ste 102, Lanham, MD 20706Miscellaneous Store Retailers Term LoanPrime plus 2.75%9/30/202512.2 12.2 12.7 — %
Greensward of Marco Inc.(#,^)54 Marco Lake Dr, Marco Island, FL 34146Administrative and Support ServicesTerm LoanPrime plus 2.75%9/28/204078.3 78.3 92.3 0.03 %
RIM Investments LLC and RIM Architects LLC(#,^)645 G St. Ste 400, Anchorage, AK 99501Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/28/2040359.1 359.1 423.2 0.12 %
Prestigious LifeCare for Seniors LLC(#,^)5701 North Pine Island Rd, Tamarac, FL 33321Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/25/20255.3 5.3 5.5 — %
Daniel W. Stark dba Mountain Valley Lodge and RV Park(#,^)223 Hwy 80, Rodeo, NM 88056AccommodationTerm LoanPrime plus 2.75%9/25/204012.1 12.1 14.3 — %
St Lawrence Hotel Corp and Oheka Catering Inc dba Quality Inn(#,^)10 West Orvis St., Massena, NY 13662AccommodationTerm LoanPrime plus 2.75%9/24/2040562.4 562.4 662.1 0.18 %
Finish Strong Inc dba FASTSIGNS St Peters(#,^)98 North Hillview Dr, St Peters, MO 63376Miscellaneous ManufacturingTerm LoanPrime plus 2.75%9/23/202527.1 27.1 28.0 0.01 %
Sound Manufacturing Inc(#,^)51 Donnelley Rd, Old Saybrook, CT 6475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/21/202526.8 26.8 27.9 0.01 %
IIoka Inc dba New Cloud Networks(#,^)160 Inverness Dr W Ste 150, Englewood, CO 80112Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/21/2025361.9 361.9 374.9 0.10 %
Vanderhoof LLC dba Soxfords(#,^)11 Sellecks Walk, Pound Ridge, NY 10576Apparel ManufacturingTerm LoanPrime plus 2.75%9/18/20258.2 8.2 8.5 — %
MiJoy Inc dba Imo's Pizza(#,^)215 South Kirkwood Rd, Kirkwood, MO 63122Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/18/20254.5 4.5 4.6 — %
Naeem Khan LTD(#,^)260 West 36h St., New York, NY 10018Apparel ManufacturingTerm LoanPrime plus 2.75%9/17/202567.7 67.7 70.1 0.02 %
FirstVitals Health and Wellness Inc(#,^)1288 Ala Moana Blvd Ste 27E, Honolulu, HI 96814Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/15/202587.6 87.6 90.7 0.02 %
Gardner's Wharf Holdings LLC and Gardner's Wharf Seafood Inc(#,^)170 Main St., North Kingstown, RI 02852Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%9/8/2040126.0 126.0 148.4 0.04 %
Empower Autism Academy(#,^)1250 South A. W. Grimes Rd, Round Rock, TX 78665Social AssistanceTerm LoanPrime plus 2.75%9/4/2040616.4 616.4 726.2 0.20 %
Elite Institute LLC dba Huntington Learning Center(#,^)13526 Village Park Dr Ste 214, Orlando, FL 32837Educational ServicesTerm LoanPrime plus 2.75%8/28/20258.1 8.1 8.4 — %
God Be Glorified Inc dba GBG Inc(#,^)40 West. 162nd St, South Holland, IL 60473Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%8/20/202528.2 28.2 29.3 0.01 %
GDP Gourmet LLC dba Joe and John's Pizza Restaurant(#,^)136 New Jersey Ave, Absecon, NJ 08201Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/19/2040130.0 130.0 153.0 0.04 %
Gold Jet Corp.(#,^)2472 BRdway, New York, NY 10025Couriers and MessengersTerm LoanPrime plus 2.75%8/14/202538.1 38.1 39.6 0.01 %
SKJ Inc dba Subway(#,^)401 S Woodlawn Ave, Bloomington, IN 47401Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/13/202548.4 48.4 50.2 0.01 %
102
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

LP Industries Inc dba Childforms(#,^)110 Charleston Dr, Mooresville, NC 28117Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%7/29/202572.3 72.3 75.3 0.02 %
Beale Street Blues Company-West Palm Beach LLC dba Lafayette's-West Pa(#,^)550 Rosemary Ave, Ste 236, West Palm Beach, FL 33401Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%7/24/202534.7 34.7 36.0 0.01 %
Free Ion Advisors LLC(#,^)322 Evandale Rd, Scarsdale, NY 10583Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/21/202533.7 33.7 34.9 0.01 %
Murrayville Donuts, Inc dba Dunkin' Donuts(#,^)2304 N College Rd, Wilmington, NC 28405Food and Beverage Stores Term LoanPrime plus 2.75%7/15/2040329.1 329.1 387.0 0.11 %
Union 2 LLC dba The Standard(#,^)1520 BRdway, Fort Myers, FL 33901Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/10/202557.8 57.8 60.1 0.02 %
Jonathan E Nichols and Nichols Fire and Security LLC(#,^)1906 Vanderhorn Dr, Memphis, TN 38134Administrative and Support ServicesTerm LoanPrime plus 2.75%6/30/202538.7 38.7 40.3 0.01 %
Thrifty Market, Inc. dba Thrifty Foods(#,^)702 10th St, Wheatland, WY 82201Food and Beverage Stores Term LoanPrime plus 2.75%6/30/2030206.2 206.2 223.8 0.06 %
Summit Beverage Group LLC(#,^)211 Washington Ave, Marion, VA 24354Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%8/29/2030215.7 215.7 234.3 0.06 %
CEM Autobody LLC dba Dawn's Autobody(#,^)7 Division St, Keyport, NJ 07735Repair and MaintenanceTerm LoanPrime plus 2.75%6/26/2040121.0 121.0 142.3 0.04 %
TJU-DGT Inc dba The Lorenz Cafe(#,^)714-718 Lorenz Ave, Pittsburgh, PA 15220Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/26/202914.5 14.5 15.6 — %
SofRep, Inc dba Force 12 Media(#,^)930 Tahoe Blvd Ste 802-543, Incline Village, NV 89451Other Information ServicesTerm LoanPrime plus 2.75%6/26/202535.7 35.7 36.9 0.01 %
Jihan Inc dba ARCO AM/PM and Diana Inc dba Diana's Recycling(#,^)13886 Campo Rd, Jamul, CA 91935Gasoline Stations Term LoanPrime plus 2.75%6/26/2040339.7 339.7 399.8 0.11 %
E & G Enterprises LLC dba Comfort Keepers(#,^)220 Middle St., Franklin, VA 23851Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/26/202511.6 11.6 12.0 — %
Ohs Auto Body, Inc. dba Ohs Body Shop(#,^)3560 Hwy 93 South, Kalispell, MT 59901Repair and MaintenanceTerm Loan7.22%6/25/20401,093.3 1,093.3 1,026.2 0.28 %
Wolf Enviro Interests, LLC and Enviromax Services Inc(#,^)18002 Mueschke Rd, Cypress, TX 77433Administrative and Support ServicesTerm LoanPrime plus 2.75%6/25/2040220.3 220.3 258.4 0.07 %
Evinger PA One, Inc. dba Postal Annex, Falcon(#,^)7661 McLaughlin Rd, Falcon, CO 80831Miscellaneous Store Retailers Term LoanPrime plus 2.75%6/24/202511.6 11.6 12.0 — %
RJI Services, Inc.(#,^)353 E Angeleno Ste G, Burbank, CA 91502Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/23/202511.6 11.6 12.0 — %
Real Help LLC dba Real Help Decorative Concrete(#,^)2221 BRdway St., Buffalo, NY 14212Administrative and Support ServicesTerm LoanPrime plus 2.75%6/22/202527.4 27.4 28.4 0.01 %
PM Cassidy Enterprises, Inc. dba Junk King(#,^)960 Matley Lane, Ste 20 & 21, Bldg B, Reno, NV 89502Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%6/19/20256.2 6.2 6.4 — %
KRN Logistics, LLC and Newsome Trucking, Inc(#)2262 Hwy 53 W, Jasper, GA 30143Truck TransportationTerm LoanPrime plus 2.75%6/19/2025265.8 265.8 275.8 0.08 %
Inverted Healthcare Staffing of Florida LLC dba Interim Healthcare Tra(#,^)111 N Pompano Beach Blvd., Pompano Beach, FL 33062Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/18/202524.0 24.0 24.8 0.01 %
AM PM Properties, LLC and AM PM Willington, LLC(#,^)1308 Stafford Rd, Storrs Mansfield, CT 06268Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/17/204077.6 77.6 91.3 0.02 %
103
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Mirage Plastering Inc and Mpire LLC and Mpire II LLC(#,^)1802 W Grant Rd Ste 114, Tucson, AZ 85745Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/12/2040124.0 124.0 145.3 0.04 %
Eldredge Tavern LLC dba Gonyea's Tavern(#,^)150 Main St., Pascoag, RI 02859Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/8/204050.3 50.3 59.1 0.02 %
ViAr Visual Communications, Inc. dba Fastsigns 281701(#,^)4721 University Way NE, Seattle, WA 98105Miscellaneous ManufacturingTerm LoanPrime plus 2.75%6/5/202532.0 32.0 33.1 0.01 %
Video Vault & Tanning LLC and Mosaic Salon LLC(#)W7003 Parkview Dr, Ste A & B, Greenville, WI 54942Rental and Leasing ServicesTerm LoanPrime plus 2.75%6/4/204060.3 60.3 70.9 0.02 %
Medworxs LLC(#,^)10901 W. Toller Dr, Littleton, CO 80127Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/3/202564.4 64.4 66.6 0.02 %
XCESSIVE THROTTLE, INC dba Jake's Roadhouse(#,^)5980 Lamar St., Arvada, CO 80003Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/29/20254.1 4.1 4.3 — %
Villela CPA PL(#,^)777 Brickell Ave, Ste 500, Miami, FL 33131Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/27/20254.6 4.6 4.7 — %
Douglas Posey and Sally Watkinson dba Audrey's Farmhouse(#,^)2188 Brunswyck Rd, Wallkill, NY 12589AccommodationTerm LoanPrime plus 2.75%5/20/2040155.3 155.3 182.6 0.05 %
15 McArdle LLC and No Other Impressions Inc(#,^)15 McArdle St., Rochester, NY 14611Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%5/15/2040164.2 164.2 192.9 0.05 %
Guard Dogs MFS LLC(#,^)9460 Mistwater Close, Roswell, GA 30076Repair and MaintenanceTerm LoanPrime plus 2.75%5/8/202531.2 31.2 32.3 0.01 %
South Park Properties LLC and Midlothian Hardware LLC(#,^)4751 147th St., Midlothian, IL 60445Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/6/204042.6 42.6 50.1 0.01 %
Matthew Taylor and Landon Farm LLC(#,^)6103 N Church St, Greensboro, NC 27455Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/4/204089.5 89.5 104.9 0.03 %
Cares Inc dba Dumpling Grounds Day Care Center(#,^)4508 Blakiston St., Philadelphia, PA 19136Social AssistanceTerm LoanPrime plus 2.75%5/1/204072.3 72.3 85.0 0.02 %
Diamond Solutions LLC(#,^)7655 E Gelding Dr, Ste B2, Scottsdale, AZ 85260Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%4/21/20259.6 9.6 10.0 — %
Giacchino Maritime Consultants Inc(#,^)5219 Tamiami Court, Cape Coral, FL 33904Personal and Laundry ServicesTerm LoanPrime plus 2.75%4/17/202511.2 11.2 11.6 — %
Sound Coaching Inc(#,^)4749 Main St. Ste 3, Bridgeport, CT 06606Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%4/14/202522.1 22.1 22.9 0.01 %
Faramarz Nikourazm dba Car Clinic Center(#,^)10707 Shady Trail, Dallas, TX 75220Repair and MaintenanceTerm LoanPrime plus 2.75%4/3/204065.4 65.4 76.8 0.02 %
Copper Beech Financial Group LLC(#,^)1223 North Church St., Moorestown, NJ 08057Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%3/30/202561.1 61.1 63.3 0.02 %
Foresite Realty Partners LLC and Foresite Real Estate Holdings LLC(#,^)5600 N. River Rd #925, Rosemont, IL 60018Real EstateTerm LoanPrime plus 2.75%3/27/2025605.5 605.5 624.3 0.17 %
Shellhorn and Hill Inc dba Total Fleet Service(#,^)501 South Market St, Wilmington, DE 19801Nonstore Retailers Term LoanPrime plus 2.75%3/27/2040919.8 919.8 1,078.9 0.29 %
104
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Sunset Marine Resort LLC and GoXpeditions LLC and Lavon Gomes and Trac(#,^)40 Buzzard Ridge Rd, Sequim, WA 98382AccommodationTerm LoanPrime plus 2.75%3/27/2040267.9 267.9 315.1 0.09 %
Shorr Enterprises Inc dba New Design Furniture Manufacturers(#,^)3033 NW 28 St., Lauderdale Lakes, FL 33311Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%3/27/202552.1 52.1 54.0 0.01 %
Joyce Outdoor Advertising NJ LLC and Joyce Outdoor Advertising LLC(#,^)800 James Ave, Scranton, PA 18510Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/26/204047.9 47.9 56.3 0.02 %
Zero-In Media Inc(#,^)1123 BRdway Ste 704, New York, NY 10010Data Processing, Hosting, and Related ServicesTerm LoanPrime plus 2.75%3/25/202511.0 11.0 11.3 — %
Loriet LLC(#,^)5001 Vivienda Way, Sarasota, FL 34235Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%3/24/20255.9 5.9 6.0 — %
Jaymie Hazard dba Indigo Hair Studio and Day Spa(#,^)2016 Warwick Ave, Warwick, RI 02889Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/20/204038.0 38.0 44.5 0.01 %
Shelton Incorporated dba Mrs. Winners(#,^)4509 N. Henry Blvd., Stockbridge, GA 30281Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/20/204099.9 99.9 117.3 0.03 %
R & R Security and Investigations Inc dba Pardners Lake Buchanan(#,^)15615 State Route 29, Buchanan Dam, TX 78609Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/19/204075.7 75.7 88.8 0.02 %
MMS Realty, LLC and Molecular MS Diagnostics LLC(#,^)1224 Greenwich Ave, Warwick, RI 02886Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/18/2040142.7 142.7 167.3 0.05 %
Royal Crest Motors LLC(#,^)769 Amesbury Rd, Haverhill, MA 01830Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%3/16/204081.0 81.0 95.0 0.03 %
Luigi's on Main LLC and Luigi's Main Street Pizza Inc(#,^)491 Montauk Hwy, Eastport, NY 11941Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/4/20255.5 5.5 5.7 — %
Baystate Firearms and Training, LLC(#)215 Newbury St., Peabody, MA 01960Educational ServicesTerm LoanPrime plus 2.75%2/27/202528.1 28.1 29.0 0.01 %
Pace Motor Lines, Inc.(#,^)1425 Honeyspot Rd Extension, Stratford, CT 06615Truck TransportationTerm LoanPrime plus 2.75%2/26/202531.4 31.4 32.6 0.01 %
Kingseal LLC dba Desoto Health and Rehab Center(#,^)475 Nursing Home Dr, Arcadia, FL 34266Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%2/26/20401,131.8 1,131.8 1,328.6 0.36 %
Nelson Financial Services LLC(#,^)20015 N 83rd Place, Scottsdale, AZ 85255Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/24/20256.0 6.0 6.2 — %
Kiddie Steps 4 You Inc.(#,^)1700 West 63rd St., Chicago, IL 60636Social AssistanceTerm LoanPrime plus 2.75%2/19/204054.7 54.7 64.1 0.02 %
Triangle Trash LLC dba Bin There Dump That(#,^)188 Northbend Dr, Youngsville, NC 27596Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%2/18/202535.7 35.7 36.9 0.01 %
Dean 1021 LLC dba Pure Pita(#,^)106 Central Ave, Westfield, NJ 07090Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/29/202542.0 42.0 43.4 0.01 %
Limameno LLC dba Sal's Italian Ristorante(#,^)861 Yamato Rd, Bay #2, Boca Raton, FL 33431Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/23/202539.2 39.2 40.5 0.01 %
Palmabak Inc dba Mami Nora's(#,^)4614 Capital Blvd, Raleigh, NC 27604Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/22/20251.6 1.6 1.7 — %
Jung Design Inc(#,^)10857 Pine Bluff Dr, Fishers, IN 46037Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/20/20221.2 1.2 1.2 — %
105
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Grand Blanc Lanes, Inc. and H, H and H, LLC(#,^)5301 S Saginaw Rd, Flint, MI 48507Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/31/2039117.1 117.1 137.4 0.04 %
First Prevention and Dialysis Center, LLC(#)17940 NW 27th Ave, Miami Gardens, FL 33056Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/30/2024128.9 128.9 133.6 0.04 %
Bowlerama Inc(#,^)3031 New Castle Ave, New Castle, DE 19720Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/24/20391,072.3 1,072.3 1,256.6 0.34 %
The Lodin Group LLC and Lodin Health Imaging Inc dba Highlands Breast(#,^)114-115 Medical Center Ave, Sebring, FL 33870Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/23/2039473.3 473.3 553.2 0.15 %
Thermoplastic Services Inc and Paragon Plastic Sheet, Inc(#,^)1700 W 4th St., Dequincy, LA 70633Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%12/23/2039440.7 440.7 516.4 0.14 %
Beale Street Blues Company-West Palm Beach, LLC dba Lafayette Music Ha(#,^)550 South Rosemary Ave Ste 236, West Palm Beach, FL 33401Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%12/22/202486.6 86.6 89.4 0.02 %
B.S. Ventures LLC dba Dink's Market(#,^)48649 Hwy 58, Oakridge, OR 97463Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/19/203947.4 47.4 55.5 0.02 %
The Jewelers Inc. dba The Jewelers of Las Vegas(#,^)2400 Western Ave, Las Vegas, NV 89102Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%12/19/2024571.9 571.9 588.7 0.16 %
Will Zac Management LLC dba Papa John's(#)2410 West Jefferson St., Ste B, Joliet, IL 60435Food Services and Drinking PlacesTerm Loan6.25%12/19/202456.8 56.8 55.7 0.02 %
MM and M Management Inc dba Pizza Artista(#,^)5409 Johnston St., Lafayette, LA 70503Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/19/202522.9 22.9 23.7 0.01 %
B & W Towing, LLC and Boychucks Fuel LLC(#,^)701 Addison Rd, Painted Post, NY 14870Repair and MaintenanceTerm LoanPrime plus 2.75%12/17/2039140.4 140.4 164.2 0.04 %
Kemmer LLC and Apples Tree Top Liquors LLC(#)1300 S Jackson St., Salem, IN 47167Food and Beverage Stores Term LoanPrime plus 2.75%12/4/2039121.6 121.6 142.2 0.04 %
Teamnewman Enterprises LLC dba Newmans at 988 and John H. Newman(#,^)988 Hemlock St., Cannon Beach, OR 97110Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/25/2039104.4 104.4 122.3 0.03 %
Legacy Estate Planning Inc dba American Casket Enterprises(#,^)2176 Route 119 North, Greensburg, PA 15601Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/21/202419.0 19.0 19.6 0.01 %
DC Real LLC and DC Enterprises LTD dba Lakeview True Value(#,^)318 North F St., Lakeview, OR 97630Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%11/20/2039105.5 105.5 123.6 0.03 %
Heartland American Properties LLC and Skaggs RV Outlet LLC(#,^)301 Commerce Dr, Elizabethtown, KY 42701Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%10/31/2039420.1 420.1 492.0 0.13 %
DNT Storage and Properties LLC(#,^)38 Old National Pike, West Alexander, PA 15376Real EstateTerm LoanPrime plus 2.75%10/10/203989.3 89.3 104.6 0.03 %
Sound Manufacturing Inc(#,^)51 Donnelley Rd, Old Saybrook, CT 06475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%10/10/202481.7 81.7 84.3 0.02 %
Smith Spinal Care Center P.C. and James C. Smith(#,^)1103 Russell Parkway, Warner Robins, GA 31088Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/8/203925.2 25.2 29.6 0.01 %
Doctors Express Management of Central Texas LLC(#,^)3614 SW HK Dodgen Loop, Ste F, Temple, TX 76504Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/8/20242.9 2.9 3.0 — %
106
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Michael Rey Jr. and Lynn J. Williams (EPC) and GIG Petcare dba Hickory(#,^)900 Alpine Rd, Bridgeville, PA 15017Personal and Laundry ServicesTerm LoanPrime plus 2.75%10/3/2039108.1 108.1 126.6 0.03 %
Sumad LLC dba BrightStar Care of Encinitas(#,^)680 Fletcher Pkwy, Ste 206, El Cajon, CA 92020Administrative and Support ServicesTerm LoanPrime plus 2.75%10/2/202423.6 23.6 24.4 0.01 %
Roccos LLC and Sullo Pantalone Inc dba Rocco's(#,^)79 Beach Rd Units B13 and B14, Vineyard Haven, MA 02568Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/2039223.9 223.9 262.9 0.07 %
Gordon E Rogers dba Stonehouse Motor Inn(#,^)162 Danielson Pike, Foster, RI 02825AccommodationTerm LoanPrime plus 2.75%9/26/203950.3 50.3 59.1 0.02 %
Andrene's LLC dba Andrene's Caribbean Soul Food Carry Out(#,^)308 Kennedy St. NW, Washington, DC 20011Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/23/202411.1 11.1 11.4 — %
Ryan Crick and Pamela J. Crick and Crick Enterprises Inc(#,^)3390 W. Andrew Johnson Hwy, Greeneville, TN 37743Repair and MaintenanceTerm LoanPrime plus 2.75%9/17/2039127.4 127.4 149.4 0.04 %
Modern Leather Goods Repair Shop Inc(#,^)2 West 32nd St., Ste 401, New York, NY 10001Repair and MaintenanceTerm LoanPrime plus 2.75%9/17/202425.1 25.1 25.9 0.01 %
Animal Intrusion Prevention Systems Holding Company, LLC(#,^)3330 N Beach St., Fort Worth, TX 76111Administrative and Support ServicesTerm LoanPrime plus 2.75%9/15/2024132.6 132.6 136.8 0.04 %
Tavern Properties LLC and Wildwood Tavern LLC(#,^)6480 West Touhy Ave, Niles, IL 60714Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/15/2039374.5 374.5 439.2 0.12 %
Indy East Smiles Youth Dentistry LLC dba Prime Smile East(#,^)5430 E. Washington St., Indianapolis, IN 46219Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/11/2024274.0 274.0 282.5 0.08 %
B&P Diners LLC dba Engine House Restaurant(#,^)71 Lafayette St.,, Salem, MA 01970Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/10/202434.8 34.8 35.9 0.01 %
Lamjam LLC (EPC) Goldsmith Lambros Inc (OC)(#)7137 Little River Turnpike, Annandale, VA 22003Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%8/27/202450.0 50.0 51.6 0.01 %
Atlas Auto Body Inc dba Atlas Auto Sales(#,^)20 Providence St., West Warwick, RI 02893Repair and MaintenanceTerm LoanPrime plus 2.75%8/22/203945.0 45.0 52.8 0.01 %
Katie Senior Care LLC dba Home Instead Senior Care(#,^)222E Eufaula St Ste 220, Norman, OK 73069Social AssistanceTerm LoanPrime plus 2.75%8/15/202445.3 45.3 46.7 0.01 %
Alpha Preparatory Academy LLC(#,^)4462 Mink Livsey Rd, Snellville, GA 30039Social AssistanceTerm LoanPrime plus 2.75%8/15/2039127.4 127.4 149.4 0.04 %
Hamer Road Auto Salvage, LLC and Scott T. Cook and Nikki J. Cook(#,^)10463 Hamer Rd, Georgetown, OH 45121Motor Vehicle and Parts Dealers Term Loan6%8/8/2039120.7 120.7 113.7 0.03 %
Almost Home Property LLC and Almost Home Daycare LLC(#,^)35 Copps Hill Rd, Ridgefield, CT 06877Social AssistanceTerm LoanPrime plus 2.75%8/7/2039659.5 659.5 773.5 0.21 %
iFood, Inc. dba Steak N Shake(#,^)5900 Duraleigh Rd, Raleigh, NC 27612Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/31/2024164.0 164.0 169.3 0.05 %
575 Columbus Avenue Holding Company, LLC and LA-ZE LLC dba EST EST EST(#,^)575 Columbus Ave, New Haven, CT 06519Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/30/203917.8 17.8 20.8 0.01 %
107
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Honeyspot Investors LLP and Pace Motor Lines Inc(#,^)1425 Honeyspot Rd Extension, Stratford, CT 06615Truck TransportationTerm LoanPrime plus 2.75%7/24/2039130.4 130.4 153.0 0.04 %
Miss Cranston Diner II, LLC and Miss Cranston II Realty LLC(#,^)15 Stonebridge, Cranston, RI 02921Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/17/203983.2 83.2 97.5 0.03 %
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP(#,^)4920 Lincoln Ave Route 53, Lisle, IL 60532Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/30/202440.2 40.2 41.5 0.01 %
AMG Holding, LLC and Stetson Automotive, Inc(#,^)309 Route 9, Waretown, NJ 08758Repair and MaintenanceTerm LoanPrime plus 2.75%6/30/2039178.8 178.8 209.7 0.06 %
iFood, Inc. dba Steak N Shake(#,^)2840 E Millbrook Rd, Raleigh, NC 27604Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/30/2039546.4 546.4 640.3 0.17 %
Honeyspot Investors LLP and Pace Motor Lines Inc(#,^)1425 Honeyspot Rd Extension, Stratford, CT 06615Truck TransportationTerm LoanPrime plus 2.75%6/30/2039760.5 760.5 892.0 0.24 %
Nikobella Properties LLC and JPO Inc dba Village Car Wash(#)1372 South US Route 12, Fox Lake, IL 60020Repair and MaintenanceTerm LoanPrime plus 2.75%6/25/2039442.3 442.3 517.7 0.14 %
Big Sky Plaza LLC and Strickland, Incorporated dba Livingston True Val(#,^)1313 West Park St. #1, Livingston, MT 59047Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/20/2039202.9 202.9 237.4 0.06 %
Sico & Walsh Insurance Agency Inc and The AMS Trust(#)106 Concord Ave, Belmont, MA 02478Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%6/6/203980.4 80.4 94.2 0.03 %
Sujata Inc dba Stop N Save Food Mart and Dhruvesh Patel(#,^)15637 St Clair Ave, Cleveland, OH 44110Food and Beverage Stores Term LoanPrime plus 2.75%6/3/20246.7 6.7 6.9 — %
Long Island Barber Institute Inc(#,^)266 Greenwich St., Hempstead, NY 11550Educational ServicesTerm LoanPrime plus 2.75%6/2/203948.2 48.2 56.4 0.02 %
Pocono Coated Products, LLC(#,^)100 Sweetree St., Cherryville, NC 28021Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%5/30/20248.9 8.9 9.2 — %
Jonesboro Health Food Center LLC(#,^)1321 Stone St., Jonesboro, AR 72401Health and Personal Care Stores Term LoanPrime plus 2.75%5/27/202425.2 25.2 25.9 0.01 %
The River Beas LLC and Punam Singh(#,^)11704 Centurion Way, Potomac, MD 20854Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/8/203978.2 78.2 91.5 0.02 %
AS Boyals LLC dba Towne Liquors(#,^)117 South BRd St., Woodbury City, NJ 08096Food and Beverage Stores Term LoanPrime plus 2.75%4/29/203994.1 94.1 110.2 0.03 %
Gerami Realty, LC (EPC) Sherrill Universal City Corral, LP dba Golden(#,^)2301 Pat Booker Rd, Universal City, TX 78148Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/23/202748.7 48.7 51.6 0.01 %
Complete Body & Paint, Inc.(#,^)32220 Michigan Ave, Wayne, MI 48184Repair and MaintenanceTerm LoanPrime plus 2.75%4/23/203917.8 17.8 20.9 0.01 %
Island Wide Realty LLC and Long Island Partners, Inc. dba Realty Execu(#,^)201-203-205 West Merrick Rd, Valley Stream, NY 11580Real EstateTerm LoanPrime plus 2.75%4/22/203989.6 89.6 104.9 0.03 %
Wilshire Media Systems Inc(#,^)2649 Townsgate Rd. Ste 500, Westlake Village, CA 91361Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/17/202470.7 70.7 72.7 0.02 %
108
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

1899 Tavern & Tap LLC and Ale House Tavern & Tap LLC(#,^)1899 State Route 35, South Amboy, NJ 08879Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/9/203996.9 96.9 113.5 0.03 %
Kemmer, LLC (EPC) and Pitts Package Store, Inc.(OC)(#,^)201 S. Main St., Salem, IN 47167Food and Beverage Stores Term LoanPrime plus 2.75%3/31/2039101.0 101.0 118.1 0.03 %
Little People's Village II LLC (OC) and Iliopoulos Realty LLC (EPC)(#,^)6522 Haverford Ave, Philadelphia, PA 19151Social AssistanceTerm LoanPrime plus 2.75%3/31/203987.9 87.9 102.9 0.03 %
Eagle Aggregate Transportation, LLC and Eagle Pneumatic Transport LLC(#,^)4401 N I-35 #113, Denton, TX 76207Truck TransportationTerm LoanPrime plus 2.75%3/31/2024305.8 305.8 314.9 0.09 %
Little People's Village II LLC (OC) and Iliopoulos Realty LLC (EPC)(#,^)6522 Haverford Ave, Philadelphia, PA 19151Social AssistanceTerm LoanPrime plus 2.75%3/31/203979.7 79.7 93.3 0.03 %
Hodges Properties LLC and Echelon Enterprises Inc dba Treads Bicycle(#,^)16701 E. Iliff Ave, Aurora, CO 80013Sporting Goods, Hobby, Musical Instrument, and Book Stores Term LoanPrime plus 2.75%3/31/2039387.4 387.4 453.5 0.12 %
Cormac Enterprises and Wyoming Valley Beverage Incorporated(#,^)63 S Wyoming Ave, Edwardsville, PA 18704Food and Beverage Stores Term LoanPrime plus 2.75%3/20/203995.4 95.4 111.5 0.03 %
636 South Center Holdings, LLC and New Mansfield Brass and Aluminum Co(#)636 South Center St., New Washington, OH 44854Primary Metal ManufacturingTerm LoanPrime plus 2.75%3/20/203967.6 67.6 79.0 0.02 %
Kinisi, Inc. dba The River North UPS Store(#,^)301 West Grand Ave, Chicago, IL 60654Administrative and Support ServicesTerm LoanPrime plus 2.75%3/18/20242.3 2.3 2.3 — %
R & R Boyal LLC dba Cap N Cat Clam Bar and Little Ease Tavern(#,^)3111 and 3135 Delsea Dr, Franklinville, NJ 08322Food and Beverage Stores Term LoanPrime plus 2.75%2/28/2039359.4 359.4 419.9 0.11 %
Summit Beverage Group LLC(#,^)211 Washington Ave, Marion, VA 24354Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%2/28/2024129.5 129.5 133.0 0.04 %
Faith Memorial Chapel LLC(#,^)600 9th Ave North, Bessemer, AL 35020Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/28/2039184.1 184.1 215.0 0.06 %
952 Boston Post Road Realty, LLC and HNA LLC dba Styles International(#,^)952 Boston Post Rd, Milford, CT 06460Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/28/2039178.1 178.1 208.0 0.06 %
96 Mill Street LLC, Central Pizza LLC and Jason Bikakis George Bikaki(#,^)96 Mill St., Berlin, CT 06037Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/12/2039121.1 121.1 141.6 0.04 %
JWB Industries, Inc. dba Carteret Die Casting(#,^)74 Veronica Ave, Somerset, NJ 08875Primary Metal ManufacturingTerm LoanPrime plus 2.75%2/11/2024103.4 103.4 106.2 0.03 %
986 Dixwell Avenue Holding Company, LLC(EPC) and Mughali Foods, LLC db(#,^)986 Dixwell Ave, Hamden, CT 06510Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/7/203985.7 85.7 100.1 0.03 %
Sarah Sibadan dba Sibadan Agency(#,^)102-05 101st Ave, Ozone Park, NY 11416Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%1/27/2039111.0 111.0 129.8 0.04 %
Icore Enterprises Inc dba Air Flow Filters Inc(#,^)151 W 24th St, Hialeah, FL 33010Miscellaneous ManufacturingTerm LoanPrime plus 2.75%1/15/20247.8 7.8 8.0 — %
109
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Nutmeg North Associates LLC (OC) Steeltech Building Products Inc(#,^)636 Nutmeg Rd North, South Windsor, CT 06074Construction of BuildingsTerm LoanPrime plus 2.75%12/31/2038782.9 782.9 914.4 0.25 %
Amboy Woodbridge Realty LLC and United Premium Foods LLC(#)One Amboy Ave, Woodbridge, NJ 07095Food ManufacturingTerm Loan6.5%6/14/20241,813.7 1,813.7 1,783.4 0.49 %
KK International Trading Corporation(#,^)219 Lafayette Dr, Syosset, NY 11791Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/23/2028122.0 122.0 131.1 0.04 %
Kurtis Sniezek dba Wolfe's Foreign Auto(#,^)712 5th St., New Brighton, PA 15066Repair and MaintenanceTerm LoanPrime plus 2.75%12/20/203876.1 76.1 88.7 0.02 %
TAK Properties LLC and Kinderland Inc(#,^)1157 Commerce Ave, Longview, WA 98632Social AssistanceTerm LoanPrime plus 2.75%12/18/2038346.2 346.2 403.7 0.11 %
920 CHR Realty LLC (EPC) V. Garofalo Carting Inc (OC)(#,^)920 Crooked Hill, Brentwood, NY 11717Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%12/10/2038357.8 357.8 417.3 0.11 %
DKB Transport Corp(#,^)555 Water Works Rd, Old Bridge, NJ 08857Truck TransportationTerm LoanPrime plus 2.75%12/5/2038118.8 118.8 138.6 0.04 %
Firm Foundations Inc David S Gaitan Jr and Christopher K Daigle(#,^)1455 S Richland Creek Rd, Sugar HIll, GA 30518Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/3/203888.9 88.9 103.6 0.03 %
Spectrum Development LLC and Solvit Inc & Solvit North, Inc(#,^)65 Farmington Valley Dr, Plainville, CT 06062Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/2/2023130.8 130.8 134.0 0.04 %
BVIP Limousine Service LTD(#,^)887 W Liberty, Medina, OH 44256Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%11/27/203865.3 65.3 76.2 0.02 %
AcuCall LLC(#,^)824 U.S Hwy 1, Ste 335, North Palm Beach, FL 33408Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/21/20235.4 5.4 5.5 — %
Kids in Motion of Springfield LLC dba The Little Gym of Springfield IL(#,^)3039-3043 Hedley, Springfield, IL 62704Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%11/18/202315.3 15.3 15.7 — %
Polpo Realty, LLC(EPC) Polpo Restaurant, LLC (OC)(#,^)554 Old Post Rd #3, Greenwich, CT 06830Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/6/203854.4 54.4 63.4 0.02 %
Janice B. McShan and The Metropolitan Day School, LLC(#,^)2817 Lomb Ave, Birmingham, AL 35208Social AssistanceTerm LoanPrime plus 2.75%10/31/202314.3 14.3 14.7 — %
1 North Restaurant Corp dba 1 North Steakhouse(#,^)322 W. Montauk Hwy, Hampton Bays, NY 11946Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/31/2038179.1 179.1 209.0 0.06 %
Master CNC Inc & Master Properties LLC(#,^)11825 29 Mile Rd, Washington, MI 48095Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/31/2038508.1 508.1 592.3 0.16 %
Mid-Land Sheet Metal Inc(#,^)125 E Fesler St., Santa Maria, CA 93454Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/31/2038116.9 116.9 136.4 0.04 %
Clairvoyant Realty Corp. and Napoli Marble & Granite Design, Ltd(#,^)77 Mill Rd, Freeport, NY 11520Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/24/2038124.1 124.1 144.8 0.04 %
Greenbrier Technical Services, Inc(#,^)407 E. Edgar Ave, Ronceverte, WV 24970Repair and MaintenanceTerm LoanPrime plus 2.75%10/24/202341.1 41.1 42.1 0.01 %
Discount Wheel and Tire of Broken Bow Inc(#,^)1202 S Park Dr, Broken Bow, OK 74728Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%9/30/2038189.9 189.9 221.7 0.06 %
110
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Lenoir Business Partners LLC (EPC) LP Industries, Inc dba Childforms(#,^)2040 Norwood, Lenoir, NC 28645Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%9/30/2038254.0 254.0 296.6 0.08 %
LP Industries, Inc dba Childforms(#,^)110 Charleston Dr, Ste 105-107, Morresville, NC 28117Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%9/30/2038103.5 103.5 120.9 0.03 %
Cencon Properties LLC and Central Connecticut Warehousing Company, In(#,^)37 Commons Court, Waterbury, CT 06704Warehousing and StorageTerm LoanPrime plus 2.75%9/30/2038292.9 292.9 342.0 0.09 %
Mitchellville Family Dentistry, Dr. Octavia Simkins-Wiseman DDS PC(#,^)12150 Annapolis Rd, Ste 301, Glenn Dale, MD 20769Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/27/2038284.4 284.4 332.0 0.09 %
Anthony C Dinoto and Susan S P Dinoto and Anthony C Dinoto Funeral Ho(#,^)17 Pearl St., Mystic, CT 06355Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/26/203884.9 84.9 99.1 0.03 %
Eastside Soccer Dome, Inc .(#,^)11919 S Ave O, Chicago, IL 60617Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/26/2038393.7 393.7 459.6 0.13 %
Southeast Chicago Soccer, Inc.(#,^)10232 S Ave N, Chicago, IL 60617Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/26/203843.5 43.5 50.8 0.01 %
Kiddie Steps 4 You Inc.(#,^)1700 West 63rd St., Chicago, IL 60636Social AssistanceTerm LoanPrime plus 2.75%9/25/203876.9 76.9 89.6 0.02 %
Serious-Fun in Alpharetta, LLC dba The Little Gym of Alpharetta(#,^)11585 Jones Bridge Rd, Ste 4G, Johns Creek, GA 30022Educational ServicesTerm LoanPrime plus 2.75%9/20/202314.9 14.9 15.3 — %
Faith Memorial Chapel LLC(#,^)600 9th Ave North, Bessemer, AL 35020Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/20/2038227.2 227.2 264.8 0.07 %
Maynard Enterprises Inc dba Fastsigns of Texarkana(#,^)3735 Mall Dr, Texarkana, TX 75501Miscellaneous Store Retailers Term LoanPrime plus 2.75%9/18/20235.2 5.2 5.3 — %
Grafio Inc dba Omega Learning Center-Acworth(#,^)5330 Brookstone Dr, Ste 320, Acworth, GA 30101Educational ServicesTerm LoanPrime plus 2.75%9/13/202353.3 53.3 54.5 0.01 %
The Berlerro Group, LLC dba Sky Zone(#,^)111 Rodeo Dr, Edgewood, NY 11717Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/12/2023162.7 162.7 166.4 0.05 %
Sound Manufacturing Inc(#,^)51 Donnelley Rd, Old Saybrook, CT 06475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/12/202834.1 34.1 36.5 0.01 %
Prospect Kids Academy Inc(#,^)532 St Johns Place, Brooklyn, NY 11238Educational ServicesTerm LoanPrime plus 2.75%9/11/2038105.5 105.5 122.9 0.03 %
Schmaltz Holdings, LLC (EPC) and Schmaltz Operations, LLC dba Companio(#,^)3408 Castle Rock Farm Rd, Pittsboro, NC 27312Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/4/2038189.1 189.1 220.3 0.06 %
ACI Northwest Inc.(#,^)6600 N Government Way, Coeur D Alene, ID 83815Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%8/30/2023168.2 168.2 172.1 0.05 %
IlOKA Inc dba Microtech Tel and NewCloud Networks(#,^)160 Inverness Dr W Ste 100, Englewood, CO 80112Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/30/2023202.4 202.4 207.0 0.06 %
Gulfport Academy Child Care and Learning Center, Inc. and Jennifer Sis(#,^)15150 Evans St., Gulfport, MS 39503Social AssistanceTerm LoanPrime plus 2.75%8/30/202313.5 13.5 13.8 — %
Ramard Inc and Advanced Health Sciences Inc(#,^)4561 Ironworks Pike, Ste 161, Lexington, KY 40511Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%8/28/202358.4 58.4 59.7 0.02 %
111
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

RM Hawkins LLC dba Pure Water Tech West and Robert M Hawkins(#,^)1815 De Paul St., Colorado Springs, CO 80909Nonstore Retailers Term LoanPrime plus 2.75%8/26/202324.8 24.8 25.4 0.01 %
JSIL LLC dba Blackstones Hairdressing(#,^)19 East 7th St., New York, NY 10003Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/16/20236.0 6.0 6.1 — %
Caribbean Concepts, Inc. dba Quick Bleach(#,^)120 East 56th St., St.#730, New York, NY 10022Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%8/12/20236.9 6.9 7.1 — %
Daniel W and Erin H Gordon and Silver Lining Stables CT, LLC(#,^)38 Carmen Lane, Monroe, CT 06468Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/24/20233.6 3.6 3.7 — %
Angkor Restaurant Inc(#,^)10 Traverse St., Providence, RI 02903Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/19/203878.4 78.4 91.4 0.02 %
Tri County Heating and Cooling Inc.(#,^)509 East Park St., Livingston, MT 59047Specialty Trade ContractorsTerm LoanPrime plus 2.75%7/19/202326.4 26.4 27.0 0.01 %
Harbor Ventilation Inc and Estes Investment, LLC(#,^)509 East Park St., Livingston, MT 59047Specialty Trade ContractorsTerm LoanPrime plus 2.75%7/19/20382.0 2.0 2.3 — %
Morning Star Trucking LLC and Morning Star Equipment and Leasing LLC(#,^)1 Poppy Ave, Neptune, NJ 07753Truck TransportationTerm LoanPrime plus 2.75%7/17/202316.2 16.2 16.6 — %
Maxiflex LLC(#,^)512 Verret St., New Orleans, LA 70114Miscellaneous ManufacturingTerm LoanPrime plus 2.75%6/28/202313.0 13.0 13.3 — %
GIA Realty LLC and VRAJ GIA LLC dba Lakeview Laundromat(#,^)411 Sharp St., Millville, NJ 08332Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/28/203881.9 81.9 95.4 0.03 %
2161 Highway 6 Trail, LLC, (EPC) R. H. Hummer JR., Inc. (Co-Borrower)(#,^)2141 P Ave, Williamsburg, IA 52361Truck TransportationTerm LoanPrime plus 2.75%6/19/2026332.3 332.3 349.1 0.10 %
Blakeslee Arpaia Chapman, Inc. dba Blakeslee Industrial Services(#,^)200 North Branford Rd, Branford, CT 06405Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%6/18/2028533.2 533.2 570.6 0.16 %
KDP LLC and KDP Investment Advisors, Inc and KDP Asset Management, Inc(#,^)24 Elm St., Montpelier, VT 05602Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%6/14/2023100.3 100.3 102.3 0.03 %
Elite Structures Inc(#,^)401 Old Quitman Rd, Adel, GA 31620Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%6/12/2038721.4 721.4 838.9 0.23 %
(EPC) Absolute Desire LLC and Mark H. Szierer (OC) Sophisticated Smile(#,^)85 Reaville Ave, Flemington, NJ 08822Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/5/2038158.2 158.2 184.0 0.05 %
Gregory P Jellenek OD and Associates PC dba Gregory P Jellenek OD and(#,^)4640 Monticello Ave, Ste 8A, Williamsburg, VA 23188Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/28/202317.5 17.5 17.8 — %
Ryan D. Thornton and Thornton & Associates LLC(#,^)800 Bethel St., Ste 200, Honolulu, HI 96813Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%5/24/202314.1 14.1 14.4 — %
Peanut Butter & Co., Inc.(#,^)250 West 54th St., New York, NY 10019Food ManufacturingTerm LoanPrime plus 2.75%4/30/202327.0 27.0 27.6 0.01 %
1258 Hartford TPKE, LLC (EPC) and Phelps and Sons, Inc (OC)(#,^)1258 Hartford Turnpike, Vernon, CT 06066Miscellaneous Store Retailers Term LoanPrime plus 2.75%3/29/2038104.1 104.1 121.0 0.03 %
112
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Xela Pack, Inc. and Aliseo and Catherine Gentile(#,^)8300 Boettner Rd, Saline, MI 48176Paper ManufacturingTerm LoanPrime plus 2.75%3/27/2028169.4 169.4 180.9 0.05 %
A & M Commerce, Inc. dba Cranberry Sunoco(#,^)398 Baltimore Blvd, Westminster, MD 21157Gasoline Stations Term LoanPrime plus 2.75%3/27/2038271.7 271.7 315.4 0.09 %
American Diagnostic Imaging, Inc. dba St. Joseph Imaging Center(#,^)3937 Sherman Ave, Saint Joseph, MO 64506Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/25/2038455.5 455.5 528.7 0.14 %
Michael A.and HeatherR. Welsch dba Art & FrameEtc.(#,^)2819 West T C Jester Blvd., Houston, TX 77018Miscellaneous Store Retailers Term LoanPrime plus 2.75%3/22/203856.4 56.4 65.4 0.02 %
Truth Technologies Inc dba Truth Technologies Inc.(#,^)2341 Cheshire Lane, Naples, FL 34109Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/21/202322.6 22.6 23.0 0.01 %
Sound Manufacturing, Inc. and Monster Power Equipment Inc.(#,^)51 Donnelley Rd, Old Saybrook, CT 06475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/15/2023125.2 125.2 127.4 0.03 %
Bakhtar Group LLC dba Malmaison(#,^)3401 K St. NW, Washington, DC 20007Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/202324.1 24.1 24.5 0.01 %
Osceola River Mill, LLC(EPC) Ironman Machine, Inc.(OC)(#,^)27 Hungerford St., Pittsfield, MA 01201Machinery ManufacturingTerm LoanPrime plus 2.75%2/20/203871.8 71.8 83.4 0.02 %
Retain Loyalty LLC(#,^)1250 Sanders Ave SW, Massillon, OH 44647Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%2/15/203893.7 93.7 108.8 0.03 %
Sherill Universal City dba Golden Corral LP(#,^)2301 Pat Booker Rd, Universal City, TX 78148Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/28/2038372.8 372.8 432.8 0.12 %
Macho LLC (EPC) Madelaine Chocolate Novelties Inc(OC) dba The Madelai(#,^)96-03 Beach Channel Dr, Rockaway Beach, NY 11693Food ManufacturingTerm LoanPrime plus 2.75%12/31/2037416.1 416.1 483.1 0.13 %
Babie Bunnie Enterprises Inc dba Triangle Mothercare(#,^)8516 Swarthmore Dr, Raleigh, NC 27615Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/28/202724.1 24.1 25.6 0.01 %
Polpo Realty LLC (EPC) & Polpo Restaurant LLC (OC) dba Polpo Restauran(#,^)554 Old Post Rd #3, Greenwich, CT 06830Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/27/2037438.7 438.7 509.3 0.14 %
Daniel Gordon and Erin Gordon and Silver Lining Stables CT, LLC(#,^)38 Carmen Lane, Monroe, CT 06468Support Activities for Agriculture and ForestryTerm LoanPrime plus 2.75%11/28/2037188.8 188.8 218.8 0.06 %
D&L Rescources, Inc. dba The UPS Store(#,^)8958 W State Rd # 84, Davie, FL 33324Miscellaneous Store Retailers Term LoanPrime plus 2.75%11/27/20222.2 2.2 2.2 — %
Richmond Hill Mini Market, LLC(#,^)101 Richmond Hill Ave, Stamford, CT 06902Food and Beverage Stores Term LoanPrime plus 2.75%11/27/2037152.6 152.6 176.8 0.05 %
DRV Enterprise, Inc. dba Cici's Pizza # 339(#,^)5771 East Fowler Ave, Temple Terrace, FL 33617Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/26/202213.4 13.4 13.6 — %
U & A Food and Fuel, Inc. dba Express Gas & Food Mart(#,^)1345 Wampanoag Trail, East Providence, RI 02915Gasoline Stations Term LoanPrime plus 2.75%11/21/203779.5 79.5 92.1 0.03 %
R & J Petroleum LLC (EPC) Manar USA, Inc. (OC)(#,^)305 Quincy Shore Dr, Quincy, MA 02107Gasoline Stations Term LoanPrime plus 2.75%11/20/2037148.7 148.7 172.3 0.05 %
St Judes Physical Therapy P.C.(#,^)7712 Fourth Ave, Brooklyn, NY 11209Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%11/19/20224.6 4.6 4.6 — %
113
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Hi-Def Imaging, Inc. dba SpeedPro Imaging(#,^)3580 Progress Dr, Unit Q, Bensalem, PA 19020Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%11/9/20224.9 4.9 5.0 — %
Reidville Hydraulics Mfg Inc dba Summit(#,^)175 Industrial Lane, Torrington, CT 06790Machinery ManufacturingTerm LoanPrime plus 2.75%11/2/2037216.2 216.2 250.5 0.07 %
University Park Retreat, LLC dba Massage Heights(#,^)5275 University Parkway # 110, Bradenton, FL 34201Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/27/202220.0 20.0 20.3 0.01 %
O'Rourkes Diner LLC dba O'Rourke's Diner(#,^)728 Main St., Middletown, CT 06457Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/19/203753.8 53.8 62.2 0.02 %
AJK Enterprise LLC dba AJK Enterprise LLC(#)1901 Naylor Rd, SE, Washington, DC 20020Truck TransportationTerm LoanPrime plus 2.75%8/27/20222.8 2.8 2.8 — %
Suncoast Aluminum Furniture, Inc(#,^)6291 Thomas Rd, Fort Myers, FL 33912Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%8/17/2037294.9 294.9 341.3 0.09 %
Hofgard & Co., Inc. dba HofgardBenefits(#,^)400 S McCaslin Blvd Ste 201, Louisville, CO 80027Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%7/27/202219.2 19.2 19.5 0.01 %
Central Tire, Inc. dba Cooper Tire & Auto Services(#,^)1111 S Tillotson Ave, Muncie, IN 47304Repair and MaintenanceTerm LoanPrime plus 2.75%6/29/2037234.6 234.6 271.4 0.07 %
KIND-ER-ZZ Inc dba Kidville(#,^)30 Maple St., Summit, NJ 07901Educational ServicesTerm LoanPrime plus 2.75%6/15/20228.4 8.4 8.5 — %
Graphish Studio, Inc. and Scott Fishoff(#,^)231 Main St., Stanford, CT 06901Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/14/20223.3 3.3 3.4 — %
ALF, LLC Mulit-Service Eagle Tires(#,^)1985 B St., Colorado Springs, CO 80906Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%5/31/203750.9 50.9 58.7 0.02 %
Tracey Vita-Morris dba Tracey Vita's School of Dance(#,^)4181 9th Ave West, Bradenton, FL 34025Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%5/10/20223.6 3.6 3.6 — %
Tanner Optical, Inc. dba Murphy Eye Care(#,^)305 Shirley Ave, Douglas, GA 31533Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/27/20221.1 1.1 1.1 — %
Access Staffing, LLC(#,^)360 Lexington Ave, 8th Floor, New York, NY 10017Administrative and Support ServicesTerm LoanPrime plus 2.75%3/30/202231.1 31.1 31.4 0.01 %
Manuel P. Barrera and Accura Electrical Contractor, Inc.(#,^)6187 NW 167th St. Unit H3, Miami, FL 33015Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/23/202858.6 58.6 62.6 0.02 %
Shweiki Media, Inc. dba Study Breaks Magazine(#,^)4954 Space Center Dr, San Antonio, TX 78218Publishing Industries (except Internet)Term LoanPrime plus 2.75%3/22/2027660.6 660.6 699.0 0.19 %
ATI Jet, Inc.(#)7007 Boeing Dr, El Paso, TX 79925Air TransportationTerm LoanPrime plus 2.75%12/28/2026284.2 284.2 300.0 0.08 %
J. Kinderman & Sons, Inc. dba Brite Star Manufacturing Company(#,^)2900 South 20th St., Philadelphia, PA 19145Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/22/2036135.1 135.1 155.4 0.04 %
K's Salon, LLC d/b/a K's Salon(#,^)162 West 84th St., New York, NY 10024Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/20/20217.6 7.6 7.7 — %
K9 Bytes, Inc & Epazz, Inc dba K9 Bytes, Inc(#)325 N. Milwaukee Ave, Ste G1, Wheeling, IL 60090Publishing Industries (except Internet)Term LoanPrime plus 2.75%10/26/20218.3 8.3 8.4 — %
39581 Garfield, LLC and Tricounty Neurological Associates, P.C.(#,^)39581 Garfield Rd, Clinton Township, MI 48038Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/30/203621.2 21.2 24.4 0.01 %
39581 Garfield, LLC and Tri County Neurological Associates, P.C.(#,^)39581 Garfield Rd, Clinton Township, MI 48038Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/30/203662.3 62.3 71.7 0.02 %
114
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Michael S. Decker & Janet Decker dba The Hen House Cafe(#)401 Caribou St., Simla, CO 80835Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/30/203612.8 12.8 14.8 — %
Valiev Ballet Academy, Inc(#,^)635 - 637 Londonderry Lane, Denton, TX 76205Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%8/12/203633.4 33.4 38.4 0.01 %
LaHoBa, LLC d/b/a Papa John's(#,^)3001 Pontchartrain Dr, Slidell, LA 70458Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/3/203660.6 60.6 69.6 0.02 %
Lavertue Properties LLP dba Lavertue Properties(#,^)24 Wakefield St., Rochester, NH 13867Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%6/29/203635.1 35.1 40.2 0.01 %
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP(#,^)4920 Lincoln Ave Route 53, Lisle, IL 60532Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/29/2036274.3 274.3 315.0 0.09 %
Peanut Butter & Co., Inc. d/b/a Peanut Butter & Co.(#,^)1790 BRdway Ste 716, New York, NY 10019Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%6/3/20211.6 1.6 1.6 — %
Profile Performance, Inc. and Eidak Real Estate, L.L.C.(#,^)44600 Michigan Ave, Canton, MI 48188Repair and MaintenanceTerm LoanPrime plus 2.75%4/20/203698.8 98.8 113.2 0.03 %
Northwind Outdoor Recreation, Inc. dba Red Rock Wilderness Store(#,^)2267 Fernberg Trail, Ely, MN 55731Nonstore Retailers Term LoanPrime plus 2.75%4/18/2036111.5 111.5 127.8 0.03 %
Michael S. Korfe dba North Valley Auto Repair(#,^)7516 B 2nd St., NW, Albuquerque, NM 87107Repair and MaintenanceTerm LoanPrime plus 2.75%3/24/203612.0 12.0 13.7 — %
SuzyQue’s LLC dba Suzy Que’s(#,^)34 South Valley Rd, West Orange, NJ 07052Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/11/203647.1 47.1 53.9 0.01 %
Little People’s Village, LLC dba Little People’s Village(#,^)904 North 66th St., Philadelphia, PA 19151Social AssistanceTerm LoanPrime plus 2.75%1/31/203623.8 23.8 27.3 0.01 %
Seagate Group Holdings, Inc. dba Seagate Logistics, Inc.(#,^)64-68 North Central Ave, Valley Stream, NY 11580Support Activities for TransportationTerm LoanPrime plus 2.75%1/28/203687.2 87.2 99.8 0.03 %
Robert F. Schuler and Lori A. Schuler dba Bob’s Service Center(#,^)2879 Limekiln Pike, Glenside, PA 19038Repair and MaintenanceTerm LoanPrime plus 2.75%11/30/203525.9 25.9 29.5 0.01 %
Elan Realty, LLC and Albert Basse Asociates, Inc.(#,^)175 Campanelli Park Way, Stroughton, MA 02072Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%9/30/2035172.1 172.1 196.4 0.05 %
Rudy & Louise Chavez dba Clyde's Auto and Furniture Upholstery(#,^)2320 2nd St., Albuquerque, NM 87107Repair and MaintenanceTerm LoanPrime plus 2.75%9/2/203537.8 37.8 43.1 0.01 %
Newsome Trucking Inc and Kevin Newsome(#,^)2262 HWY 53W, Jasper, GA 30143Truck TransportationTerm LoanPrime plus 2.75%9/2/2035184.2 184.2 209.9 0.06 %
I-90 RV & Auto Supercenter(#,^)4505 South I-90 Service Rd, Rapid City, SD 57703Motor Vehicle and Parts Dealers Term LoanPrime plus 2.75%6/29/203556.0 56.0 63.8 0.02 %
Tanner Optical Inc. dba Murphy Eye Care(#,^)305 Shirley Ave, Douglas, GA 31533Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/22/203567.4 67.4 76.6 0.02 %
Lahoba,LLC dba Papa John's Pizza(#,^)620 W. Judge Perez Dr, Chalmette, LA 70163Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/30/203431.3 31.3 35.5 0.01 %
Animal Intrusion Prevention Systems Holding Company, LLC(#,^)3330 North Beach St., Haltom City, TX 76111Administrative and Support ServicesTerm LoanPrime plus 2.75%3/29/202415.7 15.7 16.2 — %
115
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

KMC RE, LLC & B&B Kennels(#,^)6004 City Park Rd, Austin, TX 78730Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/19/203442.6 42.6 48.2 0.01 %
ROVER REPAIRS(#,^)301 MACDADE BLVD, COLLINGDALE, PA 19023Repair and MaintenanceTerm LoanPrime plus 2.5%11/28/202941.2 41.2 44.2 0.01 %
The Alba Financial Group, Inc.(#,^)1420 Spring Hill Rd, McLain, VA 22102Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm Loan6%3/10/20210.4 0.4 — — %
D & D's Divine Beauty School of Esther, LLC(#,^)5524 Germantown Ave, Philadelphia, PA 19144Educational ServicesTerm Loan6%8/1/203140.6 40.6 39.0 0.01 %
Bliss Coffee and Wine Bar, LLC(#)1402-A Handlir Dr, Bel Air, MD 21015Food Services and Drinking PlacesTerm Loan6%11/30/202260.2 60.2 59.6 0.02 %
Connect Litigation Technology, Inc.(#,^)1101 Ivy Hill Rd, #4, Philadelphia, PA 19150Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2%10/18/202515.9 15.9 16.3 — %
1911 East Main Street Holdings, Corp(#,^)1911 East Main St., Endicott, NY 13760Repair and MaintenanceTerm LoanPrime plus 2.75%5/18/20329.3 9.3 10.4 — %
Water Works Laundromat, LLC(#)968-970 Bergen St., Newark, NJ 07104Personal and Laundry ServicesTerm LoanPrime plus 2.25%9/7/2027122.1 122.1 127.8 0.03 %
Dave Kris, and MDK Ram Corp.(#,^)15 Elm Park, Groveland, MA 01930Food and Beverage Stores Term LoanPrime plus 2.75%2/5/202617.9 17.9 18.7 0.01 %
Head To Toe Personalized Pampering, Inc.(#,^)2331 North State Rd 7, Lauderhill, FL 33313Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/27/20317.1 7.1 7.8 — %
Christopher F. Bohon & Pamela D. Bohon(#,^)11600 County Rd 71, Lexington, AL 35648Social AssistanceTerm LoanPrime plus 2.75%10/28/20262.1 2.1 2.2 — %
Mogas Limited(#,^)47 Chestnut St., Elmer, NJ 08318Gasoline Stations Term LoanPrime plus 2.75%5/31/203051.1 51.1 55.7 0.02 %
Moonlight Multi Media Production, Inc.(#,^)2700 West Cypress Creek Rd, Fort Lauderdale, FL 33309Other Information ServicesTerm Loan5.3%2/1/20250.8 0.8 0.8 — %
David M. Goens dba Superior Auto Paint & Body, Inc.(#)1912 Manhattan Ave, Harvey, LA 70058Repair and MaintenanceTerm Loan6%8/26/20248.8 8.8 8.6 — %
McCallister Venture Group, LLC and Maw's Vittles, Inc.(#,^)511 South BRd St., Brooksville, FL 34601Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/30/20298.9 8.9 9.6 — %
Whirlwind Car Wash, Inc.(#)1370 Le Anne Marie Circle, Columbus, OH 43026Repair and MaintenanceTerm LoanPrime plus 2%4/9/202911.5 11.5 12.1 — %
Shuttle Car Wash, Inc. dba Shuttle Car Wash(#,^)745 Cheney Hwy, Ttitusville, FL 32780Repair and MaintenanceTerm LoanPrime plus 2.25%11/10/202812.0 12.0 12.6 — %
Min Hui Lin(#,^)1916 BRd St., Lanett, AL 36863Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/30/202812.3 12.3 13.2 — %
Auto Sales, Inc.(#,^)1925 State St., Hamden, CT 06417Motor Vehicle and Parts Dealers Term Loan6%8/17/20233.2 3.2 3.1 — %
Ralph Werner dba Werner Transmission Inc(#,^)259 East Central Ave, Bangor, PA 18013Gasoline Stations Term LoanPrime plus 2.75%12/29/20210.3 0.3 0.3 — %
Robin C. & Charles E. Taylor & Brigantine Aquatic Center LLC(#,^)3118 Bayshore Ave, Brigantine, NJ 08203Amusement, Gambling, and Recreation IndustriesTerm Loan6%9/14/202322.5 22.5 22.2 0.01 %
116
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

OrthoQuest, P.C.(#,^)2336 Wisteria Dr, Ste 430, Snellville, GA 30078Ambulatory Health Care ServicesTerm LoanPrime plus 2%3/12/20220.4 0.4 0.4 — %
Track Side Collision & Tire, Inc.(#,^)98-16 160 Ave, Ozone Park, NY 11414Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%6/16/20252.8 2.8 2.9 — %
Deesha Corporation, Inc. dba Best Inn & Suites(#,^)9225 Parkway East, Birmingham, AL 35206AccommodationTerm LoanPrime plus 2.25%2/14/202514.9 14.9 15.3 — %
Randall D. & Patricia D. Casaburi dba Pat's Pizzazz(#,^)386 Winsted Rd, Torrington, CT 06790Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%3/13/20232.6 2.6 2.7 — %
Gain Laxmi, Inc. dba Super 8 Motel(#,^)14341 U.S. Hwy 431 South, Gunterville, AL 35976AccommodationTerm LoanPrime plus 2.25%5/31/20237.8 7.8 7.9 — %
Naseeb Corporation(#,^)1696 North BRd St., Meriden, CT 06450AccommodationTerm LoanPrime plus 2.25%3/31/202414.0 14.0 14.3 — %
Stillwell Ave Prep School(#,^)1990 Stillwell Ave, Brooklyn, NY 11214Social AssistanceTerm LoanPrime plus 2.75%1/14/20232.2 2.2 2.3 — %
Alyssa Corp dba Knights Inn(#,^)1105 Columbus Parkway, Opelika, AL 36801AccommodationTerm LoanPrime plus 2.25%9/30/202328.0 28.0 28.5 0.01 %
Bhailal Patel dba New Falls Motel(#,^)201 Lincoln Hwy, Fairless Hills, PA 19030AccommodationTerm LoanPrime plus 2.75%3/27/20230.9 0.9 0.9 — %
Pegasus Automotive, Inc.(#,^)3981 Hylan Blvd, Staten Island, NY 10308Gasoline Stations Term LoanPrime plus 2.75%12/23/20222.6 2.6 2.6 — %
Total SBA Unguaranteed Accrual Investments$370,413.9 $370,413.9 $384,798.2 104.89 %
117
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 19601Food ManufacturingTerm Loan6.25%5/4/2028$165.1 $165.1 $119.1 0.03 %
15 Frederick Place LLC & Pioneer Windows Holdings Inc & Subs dba Pion(*,#,^)3 Expressway Plaza, Ste 221, Roslyn Heights, NY 11577Fabricated Metal Product ManufacturingTerm LoanPrime plus 0%12/16/202144.8 44.8 43.8 0.01 %
Pioneer Windows Manufacturing Corp, Pioneer Windows(*,#,^)3 Expressway Plaza, Suuite 221, Roslyn Heights, NY 11577Fabricated Metal Product ManufacturingTerm LoanPrime plus 0%11/21/202280.7 80.7 78.9 0.02 %
2 Cool Beans LLC dba Menchies's Frozen Yogurt(*,#,^)11331 Thienes Ave, South El Monte, CA 91733Food Services and Drinking PlacesTerm LoanPrime plus 0%8/11/202649.9 49.9 48.8 0.01 %
3SIXO Motorsports LLC dba 3SIXO Motorsports Shop(*,#,^)217 W Main St., Centralia, WA 98531Motor Vehicle and Parts Dealers Term Loan7.75%1/6/202994.6 94.6 51.4 0.01 %
Acton Hardware LLC and Mark Allgood & Jamie Allgood(*,#,^)31814 Crown Valley Rd, Acton, CA 93510Building Material and Garden Equipment and Supplies Dealers Term Loan8%3/24/2041117.1 117.1 39.3 0.01 %
Advance Case Parts RE Holdings LLC and Advance Case Parts Inc(*,#)12485-12489 NW 44th St., Coral Springs, FL 33071Repair and MaintenanceTerm Loan7.75%3/31/2040318.3 318.3 — 0.00 %
Albas Bar & Grill LLC(*,#,^)221 Self Main St., Homer City, PA 15748Food Services and Drinking PlacesTerm Loan6%10/13/204243.9 43.9 7.6 0.00 %
Alive Design, LLC(*,#)234 Middle St., Middletown, CT 06457Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/13/202710.8 10.8 9.5 0.00 %
All About Kids and Families Medical Center, Inc.(*,#,^)12086 FT Caroline Rd, Ste. 102,103,401,402,403, 501,502, Jacksonville, FL 32225Ambulatory Health Care ServicesTerm Loan8.25%1/13/2029364.9 364.9 277.5 0.08 %
All Printing Solutions, Inc. dba Pryntcomm(*,#,^)303 E. Sioux Ave., Pierre, SD 57501Printing and Related Support ActivitiesTerm Loan7.75%6/27/2041491.8 491.8 80.8 0.02 %
Allied Welding Inc.(*,#,^)1820 N. Santa Fe Ave, Chillicothe, IL 61523Fabricated Metal Product ManufacturingTerm Loan5.25%12/15/2041707.4 707.4 707.4 0.19 %
Amboy Group, LLC dba Tommy Moloney's(*,#)1 Amboy Ave, Woodbridge, NJ 07095Food ManufacturingTerm Loan6.5%6/14/20241,458.1 1,458.1 1,458.1 0.40 %
Anglin Cultured Stone Products LLC(*,#,^)877 Salem Church Rd, Newark, DE 19702Construction of BuildingsTerm Loan8.25%12/27/2042630.5 630.5 175.2 0.05 %
Anglin Cultured Stone Products LLC dba Anglin Construction(*,#)877 Salem Church Rd, Newark, DE 19702Specialty Trade ContractorsTerm Loan8.25%6/30/2025193.3 193.3 150.1 0.04 %
Arclay ,LLC(*,#,^)49 Geyser Rd Ste 100, Saratoga Springs, NY 12866Nonmetallic Mineral Product ManufacturingTerm Loan8%5/5/2030137.1 137.1 34.3 0.01 %
Arrow Freight Inc(*,#,^)1000 Jorie Blvd Ste 250, Oak Brook, IL 60523Truck TransportationTerm Loan8.25%3/30/2028652.9 652.9 — 0.00 %
Auto Shine Carwash Inc and AKM R. Hossain and Jessica F. Masud(*,#)2646 South Rd, Poughkeepsie, NY 12601Gasoline Stations Term Loan7.75%9/26/202415.7 15.7 15.3 0.00 %
AWA Fabrication & Construction, L.L.C.(*,#)811 Country Rd #99, Headland, AL 36345Fabricated Metal Product ManufacturingTerm Loan6%4/30/202534.4 34.4 1.3 0.00 %
B&B Fitness and Barbell, Inc. dba Elevations Health Club(*,#)Route 611 North, Scotrun, PA 18355Amusement, Gambling, and Recreation IndustriesTerm Loan6%6/22/20351,385.8 1,385.8 234.7 0.06 %
118
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

B for Brunette dba Blo(*,#,^)50 Glen Cove Rd, Greenvale, NY 11548Personal and Laundry ServicesTerm LoanPrime plus 0%9/10/202320.5 20.5 20.0 0.01 %
B for Blonde, LLC dba Blo Blow Dry Bar(*,#,^)142 East 49th St., New York, NY 10017Personal and Laundry ServicesTerm Loan6%2/12/202639.7 39.7 38.8 0.01 %
D for Dream LLC dba Blo Blow Dry Bar Inc(*,#,^)460 East 3rd Ave, New York, NY 10016Personal and Laundry ServicesTerm Loan6%5/13/202966.7 66.7 7.9 0.00 %
B4 Fitness LLC dba The Zoo Health Club(*,#,^)4 Beehive Dr, Epping, NH 03042Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%9/23/202658.8 58.8 31.0 0.01 %
Baker Sales, Inc. d/b/a Baker Sales, Inc.(*,#)60207 Camp Villere Rd, Slidell, LA 70460Nonstore Retailers Term Loan6%3/29/2036177.4 177.4 62.7 0.02 %
Band Sawn Lumber,LLC and Nathan Ryan Adams(*,#,^)1873 State Hwy 29, Johnstown, NY 12095Wood Product ManufacturingTerm Loan7.75%5/15/204290.0 90.0 28.8 0.01 %
Fieldstone Quick Stop LLC(OC) Barber Investments LLC (EPC) Thadius M B(*,#)190 Route 3, South China, ME 04358Gasoline Stations Term Loan6%9/30/2038362.9 362.9 — 0.00 %
Bear Creek Entertainment LLC dba The Woods at Bear Creek(*,#,^)3510 Bear Creek Rd, Franklinville, NY 14737AccommodationTerm LoanPrime plus 2.75%8/12/20411,608.1 1,608.1 750.2 0.20 %
Bear Creek Entertainment, LLC dba The Woods at Bear Creek(*,#)3510 Bear Creek Rd, Franklinville, NY 14737AccommodationTerm Loan7.25%12/30/202485.4 85.4 83.6 0.02 %
The Woods at Bear Creek LLC and Bear Creek Entertainment LLC dba The(*,#)3510 Bear Creek Rd, Franklinville, NY 14737AccommodationTerm Loan7%9/29/2039489.6 489.6 479.0 0.13 %
Bebos Inc dba Pizza Hut & Sunoco(*,#)2003 West 5th St., Clifton, TX 76634Gasoline Stations Term Loan7.75%3/28/2028214.1 214.1 30.1 0.01 %
Benevolent International Inc(*,#,^)2781 Saturn St. Ste F, Brea, CA 82821Administrative and Support ServicesTerm Loan6%4/26/202966.8 66.8 61.2 0.02 %
Bev's Sweets LLC(*,#,^)3778 Hwy 254, Cleveland, GA 30528Administrative and Support ServicesTerm LoanPrime plus 0%9/30/2044210.5 210.5 174.1 0.05 %
Bone Bar & Grill LLC(*,#)3547 &3551 Philipsburg Bigler Hwy, West Decatur, PA 16878Food Services and Drinking PlacesTerm Loan7%6/30/204273.4 73.4 63.3 0.02 %
Bowl Mor, LLC dba Bowl Mor Lanes / Spare Lounge, Inc.(*,#)201 Highland Ave, East Syracuse, NY 13057Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%3/13/2039201.2 201.2 194.6 0.05 %
BQRS, Inc. DBA Gresham Meineke Car Care Center(*,#,^)18081 SE Division St., Portland, OR 97236Repair and MaintenanceTerm Loan8.25%6/30/202753.1 53.1 47.6 0.01 %
Brandywine Picnic Park, Inc. and B.Ross Capps & Linda Capps(*,#)690 South Creek Rd, West Chester, PA 19382Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%3/30/2031145.7 145.7 142.5 0.04 %
Calhoun Satellite Communications, Inc.(*,#)1914 Tigertail Blvd, Dania Beach, FL 33004TelecommunicationsTerm Loan7%12/2/2026333.8 333.8 239.4 0.07 %
Capstone Pediatrics PLLC and Capstone Healthcare Consulting LLC(*,#)310 25th Ave N. St. Ste. 201, Nashville, TN 37203Ambulatory Health Care ServicesTerm Loan7.75%5/15/2025556.4 556.4 55.1 0.02 %
Carl R. Bieber, Inc. dba Bieber Tourways/Bieber Transportation/Bieber(*,#)320 Fair St., Kutztown, PA 19530Transit and Ground Passenger TransportationTerm Loan7.5%9/30/2027366.2 366.2 149.3 0.04 %
119
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

CD Game Exchange Inc.(*,#,^)3719 N Mississippi, Portland, OR 97227Merchant Wholesalers, Durable Goods Term Loan8.25%9/28/202610.4 10.4 10.3 0.00 %
Central Medical Clinic, PLLC- Clinica Central(*,#)393 North Dunlap St. Ste LL26, LL34, LL38, St Paul, MN 55104Ambulatory Health Care ServicesTerm Loan8.25%6/7/2029171.9 171.9 166.3 0.05 %
Chickamauga Properties, Inc., MSW Enterprises, LLP(*,#)214 Sutherland Way, Rocky Face, GA 30740Amusement, Gambling, and Recreation IndustriesTerm Loan6.25%12/22/203559.0 59.0 57.1 0.02 %
Children First Home Health Care Inc(*,#,^)1220 BRdcasting Rd Ste 202, Wyomissing, PA 19610Ambulatory Health Care ServicesTerm Loan7.5%12/27/2028282.4 282.4 73.5 0.02 %
CK Heating and Cooling LLC(*,#,^)10017 Pebble Beach Dr, St. Louis, MO 63114Specialty Trade ContractorsTerm Loan6%4/12/202911.4 11.4 — 0.00 %
Clark Realty LLC(*,#,^)4 Walker Way, Albany, NY 12205Real EstateTerm Loan8%8/29/204173.3 73.3 37.6 0.01 %
Clearwater Transportation LTD dba Thrifty Car Rental, Dollar Rent A Ca(*,#,^)8790 Crownhill Blvd, San Antonio, TX 78209Rental and Leasing ServicesTerm Loan8.25%11/29/2027153.7 153.7 17.3 0.00 %
Colts V LLC and Nowatzke Service Center, Inc dba Nowatzke Truck & Trai(*,#)6900 Whitmore Lake Rd, Whitmore Lake, MI 48189Repair and MaintenanceTerm Loan6.75%9/26/2039553.3 553.3 451.9 0.12 %
Conference Services International ETC LLC(*,#,^)4802 West Van Buren St., Phoenix, AZ 85007Administrative and Support ServicesTerm Loan8%8/14/2028597.0 597.0 404.3 0.11 %
Custom Software, Inc. a Colorado Corporation dba M-33 Access(*,#)380 E. Borden Rd, Rose City, MI 48654Professional, Scientific, and Technical ServicesTerm Loan6.25%6/17/2021199.2 199.2 112.7 0.03 %
CZAR Industries, Inc.(*,#,^)1424 Heath Ave, Ewing, NJ 08638Machinery ManufacturingTerm Loan8.25%12/19/2027141.3 141.3 40.7 0.01 %
D&G Capital LLC dba Miami Grill 277(*,#,^)2521 North Federal Hwy, Unit C, Boca Raton, FL 33431Food Services and Drinking PlacesTerm Loan6.5%12/16/202543.7 43.7 19.2 0.01 %
Darian L Hampton DDS PA and Darian L. Hampton(*,#)3610 N Josey Lane Ste 104, Carrollton, TX 75007Ambulatory Health Care ServicesTerm Loan8.25%12/20/2028292.6 292.6 2.9 0.00 %
David D. Sullivan dba DMS Construction(*,#,^)6400 Charwood Place, Bakersfield, CA 93306Specialty Trade ContractorsTerm Loan6%8/9/202811.5 11.5 8.6 0.00 %
Destination Hope, Inc, TrilogyTreatment & Wellness Center, Inc, The Ac(*,#)6555 NW 9th Ave, Fort Lauderdale, FL 33309Ambulatory Health Care ServicesTerm LoanPrime plus 0%12/30/2029220.6 220.6 213.4 0.06 %
Destination Hope, Inc. and The Academy for Addiction Professionals, In(*,#)6555 NW 9th Ave, Fort Lauderdale, FL 33309Ambulatory Health Care ServicesTerm Loan6%12/30/2044102.1 102.1 98.8 0.03 %
Dixie Transport, Inc. & Johnny D. Brown & Jimmy Brown & Maudain Brown(*,#,^)2685 US Hwy 41, Calhoun, GA 30701Support Activities for TransportationTerm Loan5.25%12/28/20351,316.8 1,316.8 524.7 0.14 %
Douglas Printy Motorsports, Inc. dba Blackburn Trike(*,#)1410 Medina Rd, Medina, OH 44256Motor Vehicle and Parts Dealers Term Loan8.25%3/9/204074.2 74.2 3.3 0.00 %
Doxa Deo Inc dba Luv 2 Play(*,#,^)1600 Village Market Blvd, Leesburg, VA 20175Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%2/28/202681.1 81.1 78.5 0.02 %
Dr. Richard Rolle JR, PLLC dba Rolle Oral & Facial Surgery PLLC(*,#,^)1515 Shopton Rd, Charlotte, NC 28217Ambulatory Health Care ServicesTerm Loan7.5%9/29/2042234.8 234.8 196.7 0.05 %
120
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Driven Warehouse/Distribution LLC(*,#)271 East North Ave, Glendale, IL 60139Truck TransportationTerm Loan8%12/22/2027726.2 726.2 375.4 0.10 %
DTM Parts Supply Inc.(*,#)31 Sageman St, Mount Vernon, NY 10550Merchant Wholesalers, Durable Goods Term Loan7%6/2/202540.5 40.5 40.5 0.01 %
DuCharme Realty LLC and DuCharme Enterprises LLC dba Specialty(*,#)1717 Hwy 200, Noxon, MT 59853Wood Product ManufacturingTerm Loan8%2/2/2040163.2 163.2 39.8 0.01 %
Dynamic Dental Corporation(*,#,^)3760 NW 126th Ave, Coral Springs, FL 33065Merchant Wholesalers, Durable Goods Term Loan7.5%5/31/202960.4 60.4 22.0 0.01 %
E & I Holdings, LP & PA Farm Products, LLC(*,#)1095 Mt Airy Rd, Stevens, PA 17578Food ManufacturingTerm Loan6%4/30/20304,705.2 4,705.2 3,798.0 1.04 %
E.S.F.P. LLC dba Volusia Van and Storage(*,#,^)1203 N US 1, Ormond Beach, FL 32174Truck TransportationTerm Loan6%11/11/202554.4 54.4 6.3 0.00 %
Earth First Recycling LLC(*,#,^)400 Island Park Rd, Easton, PA 18040Merchant Wholesalers, Durable Goods Term Loan8%12/6/202772.8 72.8 — 0.00 %
Earth First Recycling, LLC and 191 Clark Road, LLC(*,#,^)400 Island Park Rd, Easton, PA 18040Merchant Wholesalers, Durable Goods Term Loan8%6/5/2027338.0 338.0 296.8 0.08 %
Elegant Fireplace Mantels, Inc. dba Elegant Fireplace Mantels(*,#,^)11949 Borden Ave, San Fernando, CA 91340Specialty Trade ContractorsTerm Loan8.25%12/31/202243.9 43.9 43.5 0.01 %
Ericon, Inc.(*,#,^)740 Davenport Ave, Fremont, NE 68025Gasoline Stations Term Loan8.25%12/1/2041705.6 705.6 570.6 0.16 %
ERT Group Inc and Curt's Tools Inspection Inc(*,#,^)5229 142nd Dr. NW, Williston, ND 58801Support Activities for MiningTerm LoanPrime plus 2.75%3/18/2041863.4 863.4 654.9 0.18 %
Europlast Ltd(*,#)100 Industrial Lane, Endeavor, WI 53930Plastics and Rubber Products ManufacturingTerm Loan6%9/26/2022312.9 312.9 44.4 0.01 %
Evergreen Pallet LLC and Evergreen Recycle LLC(*,#,^)302 W 53rd St N., Wichita, KS 67204Wood Product ManufacturingTerm Loan7.25%3/16/2026884.8 884.8 317.5 0.09 %
Magill Truck Line LLC and Jeff J. Ralls(*,#,^)211 West 53rd St. N., Park City, KS 67204Truck TransportationTerm Loan7.25%3/11/2029181.6 181.6 38.8 0.01 %
Evernook Valley Milk LLC(*,#,^)7448 Emmerson Rd, Everson, WA 98247Animal Production and AquacultureTerm Loan7.5%8/31/2042637.5 637.5 441.8 0.12 %
Excel RP Inc(*,#,^)6531 Park Ave, Allen Park, MI 48101Machinery ManufacturingTerm Loan8.25%8/30/202366.8 66.8 65.4 0.02 %
Excel RP Inc(*,#,^)6531 Park Ave, Allen Park, MI 48101Machinery ManufacturingTerm Loan8.25%3/25/202695.2 95.2 25.9 0.01 %
Excel RP, Inc./Kevin and Joann Foley(*,#)6531 Park Ave, Allen Park, MI 48101Machinery ManufacturingTerm Loan8.25%7/8/202832.4 32.4 31.0 0.01 %
Florida Apnea Diagnostics LLC(*,#,^)2664 Cypress Ridge Blvd Ste. 101 & 102 A, Wesley Chapel, FL 33544Ambulatory Health Care ServicesTerm Loan8.25%10/20/2027143.4 143.4 67.1 0.02 %
Frontier Sand LLC(*,#,^)305 Country Hwy AA, New Auburn, WI 54757Mining (except Oil and Gas)Term Loan8.25%11/30/2027463.6 463.6 323.1 0.09 %
Galaforo Construction and Companies LLC(*,#,^)1770 Stumpf Blvd, Terrytown, LA 70056Construction of BuildingsTerm Loan7.5%12/15/204212.1 12.1 11.0 0.00 %
GEM2K, LLC dba Precision Precast Group(*,#,^)4150 E Magnolia St., Phoenix, AZ 85034Miscellaneous ManufacturingTerm Loan8.25%5/19/2027140.4 140.4 23.2 0.01 %
121
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Grand Manor Realty, Inc. & Kevin LaRoe(*,#)318 S. Halsted St., Chicago, IL 60661Real EstateTerm Loan6%2/20/202319.0 19.0 18.4 0.01 %
Graphics,Type and Color Enterprises Inc dba Clubflyers.com and GTC Med(*,#,^)2300 NW 7th Ave, Miami, FL 33127Printing and Related Support ActivitiesTerm Loan8.25%9/28/2041821.5 821.5 803.6 0.22 %
Gratitude Training, LLC(*,#,^)1901 N Federal Hwy, Ste 212, Pompano Beach, FL 33062Administrative and Support ServicesTerm LoanPrime plus 0%5/22/202968.2 68.2 66.7 0.02 %
H.M.C, Incorporated(*,#,^)7190 Oakland Mills Rd Ste 10, Columbia, MD 21046Furniture and Related Product ManufacturingTerm Loan8.25%7/3/2028183.8 183.8 179.8 0.05 %
Hagerstown Muffler, Inc. and JMS Muffler, Inc(*,#)1390 Dual Hwy, Hagerstown, MD 21740Repair and MaintenanceTerm Loan8%9/24/204058.6 58.6 30.1 0.01 %
Hana Pastries Enterprises LLC dba Hana Kitchens, Hana Pastries, Inc. d(*,#,^)34 35th St., Brooklyn, NY 11232Food ManufacturingTerm LoanPrime plus 0%12/14/202777.2 77.2 75.5 0.02 %
Harrelson Materials Management,Inc(*,#)1101 Russell Rd, Shreveport, LA 71107Waste Management and Remediation ServicesTerm Loan6%6/24/2021465.2 465.2 3.9 0.00 %
HDD Solutions, LLC(*,#)6550 Progress Parkway, Cedar Hill, MO 63016Heavy and Civil Engineering ConstructionTerm Loan8.25%12/31/2028552.8 552.8 340.2 0.09 %
HG Ventures, Inc. dba Diamond Head Trucking(*,#,^)100 Phoenix Dr, Finleyville, PA 15332Truck TransportationTerm Loan7.5%6/29/2030807.7 807.7 47.6 0.01 %
Home Again Restaurant LLC(*,#)9524 Camp Lake Rd, Salem, WI 53168Food Services and Drinking PlacesTerm Loan6.25%6/30/20400.4 0.4 — 0.00 %
IHC Hardware Inc.(*,#,^)614 BRd St., Story City, IA 50248Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 0%12/6/204295.7 95.7 68.9 0.02 %
Insight Vision Care, PC, CRMOD Lubbock, P.C.,Vielm Vision Eyecare Inc(*,#,^)4899 Griggs Rd, Houston, TX 77021Ambulatory Health Care ServicesTerm Loan7.75%12/27/20431,084.6 1,084.6 255.6 0.07 %
J&K Fitness, LLC dba Physiques Womens Fitness Center(*,#)2505 Verot School Rd, Lafayette, LA 70508Amusement, Gambling, and Recreation IndustriesTerm Loan8%6/8/203614.6 14.6 11.7 0.00 %
J Olson Enterprises LLC and Olson Trucking Direct, Inc.(*,#)311 Ryan St, Holmen, WI 54636Truck TransportationTerm Loan6%6/28/2025628.4 628.4 71.2 0.02 %
J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value(*,#,^)640 Dubois St., Du Bois, PA 15801Building Material and Garden Equipment and Supplies Dealers Term Loan6%11/10/2026161.6 161.6 120.5 0.03 %
J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value(*,#,^)640 Dubois St., Dubois, PA 15801Building Material and Garden Equipment and Supplies Dealers Term Loan6%11/10/2041438.5 438.5 414.2 0.11 %
Jay Carlton's, LLC dba Jay Birds Rotisserie & Grill(*,#,^)24480 W 10 Mile RD, Southfield, MI 48033Food Services and Drinking PlacesTerm Loan6%1/4/202934.8 34.8 25.5 0.01 %
JNP Delivery Inc(*,#,^)4500 North Providence # 7, Appleton, WI 54913Couriers and MessengersTerm Loan6%11/7/20278.4 8.4 8.2 0.00 %
JP Dhillon's Foods LLC(*,#,^)840 El Paseo de Saratoga, San Jose, CA 95130Food Services and Drinking PlacesTerm Loan6%6/1/202986.5 86.5 — 0.00 %
JVLS LLC dba Vaccines 2 Go(*,#,^)4060 Johns Creek Parkway, Ste H, Suwanee, GA 30024Ambulatory Health Care ServicesTerm Loan6%12/7/202712.0 12.0 — 0.00 %
122
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

JVLS LLC dba Vaccines 2 Go(*,#,^)4060 Johns Creek Parkway, Ste H,, Suwanee, GA 30024Ambulatory Health Care ServicesTerm Loan6%5/17/20286.9 6.9 — 0.00 %
K Soles Corp dba Max Collections(*,#,^)3208 Oakcliff Industrial St., Doraville, GA 30340Merchant Wholesalers, Nondurable Goods Term Loan6%3/16/202614.4 14.4 — 0.00 %
Kantz LLC and Kantz Auto LLC dba Kantz's Hometown Auto(*,#)200 West Adams St, Cochranton, PA 16314Motor Vehicle and Parts Dealers Term Loan6.25%10/29/203911.1 11.1 3.3 0.00 %
Kids at Heart,LLC dba Monster Mini Golf(*,#,^)10 Newbury St., Danvers, MA 01923Amusement, Gambling, and Recreation IndustriesTerm Loan6.75%9/22/202618.5 18.5 16.7 0.00 %
Kidtastic LLC dba The Little Gym of Audubon(*,#,^)2850 Audubon Dr, Audubon, PA 19403Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%7/27/202644.9 44.9 16.0 0.00 %
Kneading Dough LLC dba NY Bagel Cafe & Deli,NY Bagle, New York Bagle,N(*,#)10287 Okeechobee Blvd #13, Royal Palm Beach, FL 33411Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/23/202917.7 17.7 17.1 0.00 %
Kostekos Inc dba New York Style Pizza(*,#)10 South King St., Gloucester, NJ 08030Food Services and Drinking PlacesTerm Loan8%2/6/204061.9 61.9 27.7 0.01 %
LAN Doctors Inc(*,#)14 Pierson Court, Mahwah, NJ 07430Professional, Scientific, and Technical ServicesTerm Loan8.25%8/28/202559.3 59.3 58.0 0.02 %
LAN Doctors Inc(*,#,^)14 Pierson Court, Mahwah, NJ 07430Professional, Scientific, and Technical ServicesTerm Loan8.25%3/16/202643.4 43.4 36.3 0.01 %
Legacy Roof Contractors LLC(*,#,^)32091 Broken Branch Circle, Spanish Fort, AL 36527Specialty Trade ContractorsTerm Loan6%2/28/2044294.0 294.0 193.5 0.05 %
Lilo Holdings LLC(*,#,^)1000 Roosevelt Ave., Cartaret, NJ 07008Food Services and Drinking PlacesTerm Loan6%12/5/202611.6 11.6 — 0.00 %
Linqserv Inc.(*,#,^)1555 Lyell Ave, Rochester, NY 14606Transit and Ground Passenger TransportationTerm Loan7.5%11/9/2027264.0 264.0 22.2 0.01 %
Lowgap Grocery & Grill LLC(*,#,^)8773 West Pine St., Lowgap, NC 27024General Merchandise Stores Term Loan7.25%3/24/204148.0 48.0 19.2 0.01 %
M & H Pine Straw Inc and Harris L. Maloy(*,#)526 Perry House Rd, Fitzgerald, GA 31750Merchant Wholesalers, Nondurable Goods Term Loan7.5%3/21/2023197.4 197.4 — 0.00 %
M & H Pine Straw, Inc and Harris L. Maloy(*,#)526 Perry House Rd, Fitzgerald, GA 31750Support Activities for Agriculture and ForestryTerm Loan6%4/30/202027.9 27.9 — 0.00 %
M & H Pine Straw, Inc.and Harris Maloy(*,#)526 Perry House Rd, Fitzgerald, GA 31750Merchant Wholesalers, Nondurable Goods Term Loan7.5%7/10/202027.4 27.4 — 0.00 %
M & H Pinestraw, Inc. and Harris L. Maloy(*,#)526 Perry House Rd, Fitzgerald, GA 31750Merchant Wholesalers, Nondurable Goods Term Loan7.5%12/15/2021133.8 133.8 — 0.00 %
Mariam Diner Inc dba Country Kitchen Restaurant(*,#,^)17393 Main St., Hesperia, CA 92345Food Services and Drinking PlacesTerm Loan8%3/18/202642.8 42.8 16.3 0.00 %
Marlin Lighting LLC(*,#,^)7207 B Lockport Pl, Lorton, VA 22079Specialty Trade ContractorsTerm Loan6%12/19/202890.9 90.9 89.9 0.02 %
Matchless Transportation LLC dba First Class Limo(*,#)31525 Aurora Rd # 5, Solon, OH 44139Transit and Ground Passenger TransportationTerm Loan6.25%5/31/2020119.2 119.2 36.4 0.01 %
MB Xpress Inc(*,#,^)159 D'Arcy Parkway, Lathrop, CA 95330Truck TransportationTerm Loan8.25%9/19/20281,035.1 1,035.1 — 0.00 %
Medeiros Holdings Inc dba Outdoor Lighting Perspectives of the Triad(*,#,^)780 S Peace Haven Rd, Winston Salem, NC 27103Electrical Equipment, Appliance, and Component ManufacturingTerm Loan7%11/25/202510.5 10.5 9.7 0.00 %
123
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

MIT LLC(*,#,^)11 North Peach ST., Medford, OR 97504Publishing Industries (except Internet)Term LoanPrime plus 2.75%3/31/204284.9 84.9 69.7 0.02 %
Mojo Brands Media, LLC(*,#)3260 University Blvd., Ste 100, Winter Park, FL 32792Broadcasting (except Internet)Term Loan6%8/28/2023725.0 725.0 115.2 0.03 %
Morris Glass and Construction Inc(*,#)40058 Hwy 30, Astoria, OR 97103Specialty Trade ContractorsTerm Loan15%10/1/2023351.7 351.7 172.5 0.05 %
MTV Bowl, Inc. dba Legend Lanes(*,#)4190 State Rd, Cuyahoga Falls, OH 44223Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%6/30/2036188.3 188.3 112.9 0.03 %
Murf & Sons LLC(*,#,^)3821 Pleasant Hill Rd, Store #B-107, Kissimmee, FL 34746Food Services and Drinking PlacesTerm Loan6%11/16/202789.2 89.2 86.3 0.02 %
N Transport LLC(*,#,^)5348 W Brown Ave, Fresno, CA 93722Truck TransportationTerm Loan8%11/20/2027385.5 385.5 86.4 0.02 %
N Transport LLC(*,#,^)294 N. Fruit Ave, Fresno, CA 93706Truck TransportationTerm Loan8.25%11/20/2042175.3 175.3 140.4 0.04 %
Nando LLC dba Tall Timbers Banquet and Conference Center(*,#,^)13831 National Rd SW, Reynoldsburg, OH 43068Food Services and Drinking PlacesTerm Loan6%4/20/202812.7 12.7 12.6 0.00 %
Neville Galvanizing, Inc(*,#)2983 Grand Ave, Pittsburgh, PA 15225Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/15/2042235.7 235.7 — 0.00 %
Olsen Bros. Transportation, Inc. & Golden Spike Leasing, LLC(*,#,^)2520 Pennsylvania Ave, Ogden, UT 84401Truck TransportationTerm Loan8.25%6/20/2028513.2 513.2 45.4 0.01 %
P & M Entertainment, LLC dba Luv 2 Play(*,#,^)35 Lafayette Rd Ste #8, North Hampton, NH 03862Amusement, Gambling, and Recreation IndustriesTerm Loan6%5/10/202878.5 78.5 77.6 0.02 %
Panther Ironworks and Rigging Solutions LLC(*,#,^)1028 Washburn Switch Rd, Shelby, NC 28150Specialty Trade ContractorsTerm Loan6%11/10/2026112.7 112.7 70.1 0.02 %
Paragon Fabricators Inc, Paragon Field Services, Inc and Paragon Globa(*,#)412 and 500 Main St., La Marque, TX 77568Heavy and Civil Engineering ConstructionTerm Loan7%9/28/2026570.7 570.7 3.1 0.00 %
Paragon Global, LLC and Paragon Fabricators Inc and Paragon Field Serv(*,#,^)412 and 500 Main St., La Marque, TX 77568Heavy and Civil Engineering ConstructionTerm Loan7%9/28/2041110.1 110.1 35.3 0.01 %
Peter K Lee MD, PC dba Atlanta Primary Care(*,#,^)211 Roberson Mill Rd, Milledgeville, GA 31061Ambulatory Health Care ServicesTerm Loan8.25%9/13/2043859.6 859.6 831.7 0.23 %
Peter K Lee MD, PC dba Atlanta Primary Care LLC(*,#,^)5 Ashford Way, Hawkinsville, GA 31061Ambulatory Health Care ServicesTerm Loan8.25%9/13/2028381.0 381.0 368.7 0.10 %
Picon Motors LLC dba The New Young's Motors(*,#,^)199-211 Central Ave, Orange, NJ 07080Motor Vehicle and Parts Dealers Term LoanPrime plus 0%6/12/2029213.8 213.8 176.4 0.05 %
Play4Fun dba Luv 2 Play(*,#,^)13722 Jamboree Rd, Irvine, CA 92602Amusement, Gambling, and Recreation IndustriesTerm Loan7.5%3/7/2028148.1 148.1 87.9 0.02 %
PLES Investements, LLC and John Redder, Pappy Sand & Gravel, Inc., T(*,#,^)2040 Dowdy Ferry, Dallas, TX 75218Specialty Trade ContractorsTerm Loan8.25%12/19/2038488.4 488.4 472.6 0.13 %
Top Cat Ready Mix, LLC, Ples Investments LLC, and Pappy's Sand and(*,#,^)13851 S State HWY 34, Scurry, TX 75158Specialty Trade ContractorsTerm Loan8.25%10/28/2025479.9 479.9 277.1 0.08 %
124
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Tables and Bars Services, Inc and Tables and Bars Rentals, LLC(*,#,^)5051 Peachtree Corners Circle Ste #200, Norcross, GA 30092Administrative and Support ServicesTerm Loan6%9/20/202815.5 15.5 — 0.00 %
Providence Management Environmental, LLC, Tindol Energy Group, LLC(*,#,^)6570 W Hwy 67, Cleburne, TX 76033Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%6/19/2029255.9 255.9 250.4 0.07 %
Purely Seed LLC(*,#,^)11515 Lake Lane, Ste 102, Chisago, MN 55013Merchant Wholesalers, Nondurable Goods Term Loan6%2/26/2028101.7 101.7 — 0.00 %
Ramjay Inc.(*,#,^)85 S. Bragg St. Ste 303, Alexandria, VA 22312Transit and Ground Passenger TransportationTerm Loan8.25%1/13/2027375.6 375.6 63.5 0.02 %
Recovery Boot Camp, LLC, Rule 62, Inc. and Healing Properties, LLC(*,#,^)85 SW 5th Ave, Delray Beach, FL 33444Ambulatory Health Care ServicesTerm Loan7.75%12/28/2028111.1 111.1 9.2 0.00 %
Return to Excellence Inc(*,#,^)176 Country Club Dr, Waynesville, NC 28786Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%1/27/202715.6 15.6 15.4 0.00 %
Return to Excellence, Inc. dba The Waynesville Inn Golf & Spa(*,#)176 Country Club Dr, Waynesville, NC 28786Amusement, Gambling, and Recreation IndustriesTerm Loan8%10/10/20391,141.5 1,141.5 1,129.0 0.31 %
RG Productions LLC(*,#,^)2414 W Battlefield Ste H, Springfield, MO 65807Rental and Leasing ServicesTerm Loan6%3/28/2029102.5 102.5 72.8 0.02 %
Robert E. Caves, Sr. and American Plank dba Caves Enterprises(*,#,^)40515 Pumpkin Center Rd, Hammond, LA 70403Merchant Wholesalers, Durable Goods Term Loan6%9/30/202140.1 40.1 38.4 0.01 %
Roundhay Partners LLC and Roundhay Farming LLC(*,#,^)6160 Granite Spring Rd, Somerset, CA 95684Crop ProductionTerm Loan8.25%8/8/2042898.1 898.1 869.0 0.24 %
Rhone Wolf Vineyard LLC, Goldline Brands Inc. and Myka Cellars, Inc.(*,#,^)5245 Bucks Bar Rd, Placerville, CA 95667Beverage and Tobacco Product ManufacturingTerm Loan8.25%1/19/2030229.5 229.5 222.0 0.06 %
Rich's Food Stores LLC dba Hwy 55 of Wallace(*,#,^)611 East Southerland St., Wallace, NC 28466Food Services and Drinking PlacesTerm Loan8.25%9/14/202699.3 99.3 6.8 0.00 %
Route 130 SCPI Holdings LLC (EPC) Route 130 SCPI Operations LLC (OC) d(*,#)423-429 Route 156, Trenton, NJ 08620Food Services and Drinking PlacesTerm Loan6.25%9/30/2039279.5 279.5 33.8 0.01 %
Sanabi Investment, LLC dba Oscar's Moving and Storage(*,#,^)11421 N W 107th St., #13, Miami, FL 33178Truck TransportationTerm Loan7.5%6/20/202795.9 95.9 14.0 0.00 %
Sandlot Ventures LLC and Sandbox Ventures LLC(*,#,^)1857A Elmdale Ave, Glenview, IL 60025Amusement, Gambling, and Recreation IndustriesTerm Loan6%9/25/204088.1 88.1 61.2 0.02 %
Sandbox Ventures LLC(*,#,^)1857 A Elmdale Ave, Glenview, IL 60026Amusement, Gambling, and Recreation IndustriesTerm Loan6%10/11/202715.4 15.4 — 0.00 %
SDA Holdings LLC and Les Cheveux Salon Inc(*,#,^)306 McClanahan St., Roanoke, VA 24014Personal and Laundry ServicesTerm Loan7.5%12/15/2040108.5 108.5 51.0 0.01 %
Select Propane & Fuel Inc. and Select Fuel & Convenience LLC(*,#)3822 State Route 3, Red Bud, IL 62278Merchant Wholesalers, Nondurable Goods Term Loan7.5%2/10/2030523.9 523.9 16.6 0.00 %
Shaffer Automotive Repair, LLC(*,#)1485 North McQueen Rd #1, Gilbert, AZ 85233Repair and MaintenanceTerm Loan7%5/24/2030132.8 132.8 39.1 0.01 %
Shane M. Howell and Buck Hardware and Garden Center, LLC(*,#)1007 Lancaster Pike, Quarryville, PA 17566Building Material and Garden Equipment and Supplies Dealers Term Loan7.5%12/27/203894.8 94.8 18.5 0.01 %
125
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Shining Star Kids, Inc. dba Brain Balance(*,#,^)17323 Ventura Blvd, Encino, CA 91316Educational ServicesTerm LoanPrime plus 0%1/7/202977.2 77.2 76.4 0.02 %
Smith and Son Plumbing, LLC(*,#,^)15922 Eldorado Parkway, Ste 500-1579, Frisco, TX 75035Specialty Trade ContractorsTerm Loan6%6/10/202976.0 76.0 34.5 0.01 %
Southside BBQ Corp(*,#,^)16032 South Hwy 16, Cherokee, TX 76832Food Services and Drinking PlacesTerm LoanPrime plus 0%1/25/202815.7 15.7 15.6 0.00 %
Sovereign Communications LLC(*,#)26 E 3 Mile Rd,, Sault Sainte Marie, MI 49783Broadcasting (except Internet)Term Loan6.75%2/7/2024627.4 627.4 116.7 0.03 %
Specialty Surgery Center, Inc.(*,#,^)5505 Peachtree Dunwoody Rd Stes 640,645, Atlanta, GA 30342Ambulatory Health Care ServicesTerm Loan6%6/28/20291,158.8 1,158.8 142.7 0.04 %
Street Magic Enterprise LLC dba New Lisbon Travel Mart(*,#,^)1700 East Bridge St., New Lisbon, WI 53950Gasoline Stations Term Loan7.5%11/7/2042375.1 375.1 62.7 0.02 %
Studio Find It Georgia Inc(*,#,^)3399 Peachtree Rd NE, Ste 400, Atlanta, GA 30326Amusement, Gambling, and Recreation IndustriesTerm Loan6%5/13/202614.8 14.8 5.3 0.00 %
Suncrest Stone Products LLC(*,#,^)341 County Farm Rd, Ashburn, GA 31714Nonmetallic Mineral Product ManufacturingTerm Loan7.25%8/29/2041493.3 493.3 86.3 0.02 %
Suncrest Stone Products LLC(*,#,^)341 County Farm Rd, Ashburn, GA 31714Nonmetallic Mineral Product ManufacturingTerm Loan7.5%8/29/2026535.4 535.4 156.6 0.04 %
T and B Boots Inc dba Takken's Shoes(*,#)72 South Main St., Templeton, CA 93465Clothing and Clothing Accessories Stores Term Loan7.25%12/7/202695.2 95.2 80.6 0.02 %
Tarver-Henley Inc. and Tar-Hen LLC(*,#,^)2125 College Ave, Jackson, AL 36545Building Material and Garden Equipment and Supplies Dealers Term Loan7.75%6/21/204297.8 97.8 50.3 0.01 %
The Jig, LLC(*,#,^)3115 Camp Phillips Rd, Wausau, WI 54403Food Services and Drinking PlacesTerm Loan8.25%10/24/204224.4 24.4 24.1 0.01 %
The Lake Shore Hospitality Inc dba Dowagiac Baymont Inn & Suites(*,#,^)29291 Amerihost Dr, Dowagiac, MI 49047AccommodationTerm Loan8.25%12/5/2041335.1 335.1 331.5 0.09 %
United States Plastic Equipment LLC(*,#,^)4447 OH-303, Mantua, OH 44255Merchant Wholesalers, Durable Goods Term Loan8.25%12/13/2028110.5 110.5 — 0.00 %
Victorian Restaurant and Tavern, LLC(*,#,^)226 Maple Ave, Cheshire, CT 06410Food Services and Drinking PlacesTerm Loan8.25%2/22/2042104.4 104.4 46.3 0.01 %
Webb Eye Associates, PA(*,#,^)1720 S W W White Rd, San Antonio, TX 78220Ambulatory Health Care ServicesTerm Loan7.25%7/19/202771.2 71.2 33.4 0.01 %
White Hawk Inc.(*,#,^)2101 Dr. Martin Luther King Jr. Blvd, Stockton, CA 95205Truck TransportationTerm Loan8.25%12/15/2026917.5 917.5 104.0 0.03 %
Wilban LLC(*,#,^)454 US Hwy 22, Whitehouse Station, NJ 08889Food Services and Drinking PlacesTerm Loan7.5%3/11/202625.5 25.5 24.6 0.01 %
Wilban LLC(*,#)454 US Hwy 22, Whitehouse Station, NJ 08889Food Services and Drinking PlacesTerm Loan7.25%3/28/2039238.6 238.6 101.2 0.03 %
LA Diner Inc dba Loukas L A Diner(*,#)3205 Route 22 East, Branchburg, NJ 08876Food Services and Drinking PlacesTerm Loan7.25%9/28/203792.8 92.8 80.4 0.02 %
Zeeba Company, Inc dba Zeeba Rent-A-Van & 5 Star Rent- A-Van(*,#,^)3200 Wilshire Blvd Ste 1000, Los Angeles, CA 90010Transit and Ground Passenger TransportationTerm Loan7.75%9/27/2028589.5 589.5 369.8 0.10 %
126
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Non-Accrual Investments (3) (22)

Zahmel Restaurant Suppliers Corp dba Cash & Carry;Zahners Hardware;Zan(*,#,^)33-51 11th St., Astoria, NY 11106Merchant Wholesalers, Nondurable Goods Term Loan8.25%4/28/202775.8 75.8 74.9 0.02 %
Total Unguaranteed Non-Accrual SBA Investments52,873.8 52,873.8 $27,221.5 7.42 %
Total Unguaranteed SBA Investments$423,287.7 $423,287.7 $412,019.7 112.31 %

127
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)

AJN Innovations LLC 6704 Main St., Miami Lakes, FL 33014Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/15/2031$329.5 $329.5 $371.4 0.10 %
NJ Floats327 Route 202/206, Bedminster Township, NJ 07921Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%6/12/2046614.3 614.3 692.3 0.19 %
Emmalina LLC 3602 Rock Bay Dr, Louisville, KY 40245Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/21/203033.4 33.4 37.6 0.01 %
Sherwood Sporthorses20502 Forestview, Magnolia, TX 77355Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/21/2046923.7 923.7 1,059.9 0.29 %
Chet Lemon Enterprises1544 Lane Park Cut off, Tavares, FL 32778Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/3/2031659.0 659.0 742.7 0.20 %
Jones Roger Shermann Inn Inc.195 Oenoke Ridge, New Canaan, CT 06840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/4/203081.0 81.0 91.3 0.02 %
The Hall at the Yard1412 Alden Rd, Orlando, FL 32803Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/2/20311,579.0 1,579.0 1,779.5 0.49 %
Tapia Auto Care LLC2 Center Road, Old Saybrook, CT 06475Repair and MaintenanceTerm LoanPrime plus 2.75%1/12/2031279.1 279.1 314.6 0.09 %
Little Angels Daycare4551 Summit Blvd, West Palm Beach, FL 33415Social AssistanceTerm LoanPrime plus 2.75%10/3/2046125.2 125.2 143.6 0.04 %
Clean Energyz LLC881 Alma Real Drive Suite T-16, Pacific Palisades, CA 90272Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/11/2031180.1 180.1 202.9 0.06 %
ALG Health520 West Mulberry Street, Bryon, OH 43506Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%6/29/20312,085.5 2,085.5 2,350.3 0.64 %
RH All Around Repair2008 Coahuila Rd, Odessa, TX 79763Repair and MaintenanceTerm LoanPrime plus 2.75%6/30/2046387.0 387.0 444.1 0.12 %
La Dolce Vita LLC408 Kelly Plantation Dr, Destin, FL 32541Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/31/2031811.5 811.5 914.5 0.25 %
Moon Group, Inc.145 Moon Rd, Chesapeake City, MD 21915Merchant Wholesalers, Nondurable GoodsTerm LoanPrime plus 2.75%6/27/20293,274.4 3,274.4 3,560.9 0.97 %
Beau & HB Inc. dba Beau’s Billard, Bowling & Arcade100 Village Rd, Port Lavaca, TX 77979Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/16/2029109.4 109.4 120.4 0.03 %
Hackstaff Restaurants 248 W 1st. St. Ste 201, Reno, NV 89501Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/2029418.8 418.8 460.7 0.13 %
Lulubelle's Mountain Banana Bread LLC1063 Carousel Rd, Lake Arrowhead, CA 92352Food ManufacturingTerm LoanPrime plus 2.75%12/21/2045750.0 750.0 852.7 0.23 %
American Pharmaceutical Innovation Company, LLC1425 Centre Circle, Downers Grove, IL 60515Chemical ManufacturingTerm LoanPrime plus 2.75%3/28/202743.8 43.8 43.8 0.01 %
Auburn Analytical Labs210 Bay City Road, Midland, MI 48642Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/26/2031225.0 225.0 254.3 0.07 %
Ground Breakers Construction Inc2292 a/k/a 2274 Hayride Road, Lebec, CA 93243Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%3/26/2031983.7 983.7 1,111.6 0.30 %
New Image Window & Door Inc705 Hennis Road, Winter Garden, FL 34787Administrative and Support ServicesTerm LoanPrime plus 2.75%3/26/2031237.6 237.6 268.5 0.07 %
QXC Communications3785 North Federal Highway, Suite 205, Boca Raton, FL 33431TelecommunicationsTerm LoanPrime plus 2.75%3/29/2031945.0 945.0 1,067.9 0.29 %
128
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Signet Media630 S.1st Street, San Jose, CA 95113Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/29/2031720.0 720.0 813.6 0.22 %
Markell Construction6248 N Woodstock Street, Philadelphia, PA 19138Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/29/2031214.2 214.2 242.0 0.07 %
Kidz Choice Services Inc14-34 110th Street, Flushing, NY 11356Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/20311,890.0 1,890.0 2,131.0 0.58 %
Jason Watt Pictures110 Broadway #507, Brooklyn, NY 11249Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%3/29/2031166.5 166.5 188.1 0.05 %
The Sign Company of Wilmington Inc428 Landmark Drive, Wilmington, NC 28412Miscellaneous ManufacturingTerm LoanPrime plus 2.75%3/30/2046923.4 923.4 1,071.1 0.29 %
Empire State Adjuster’s dba Frankie M’s Auto419 West Main Street, Smithtown, NY 11787Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/20461,579.5 1,579.5 1,826.3 0.50 %
Drake Dance Academy5790 Marble Creek Stree, Dublin, OH 43016Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%7/30/20461,234.8 1,234.8 1,429.3 0.39 %
Underground Toys USA LLC7626 Miramar Rd, San Diego, CA 92126Merchant Wholesalers, Durable GoodsTerm LoanPrime plus 2.75%3/30/20312,790.0 2,790.0 3,135.3 0.85 %
Bojax Auto Collision Inc4712 Fernlee Avenue, Royal Oak, MI 48073Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/2031343.8 343.8 388.5 0.11 %
Bojax Auto Collision Inc4712 Fernlee Avenue, Royal Oak, MI 48073Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/2046214.2 214.2 248.5 0.07 %
Barrett Enterprises920 N Columbia St, Milledgeville, GA 31061Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/31/2046400.5 400.5 464.6 0.13 %
Barrett Enterprises2920 N Columbia St, Milledgeville, GA 31061Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/31/2031189.0 189.0 213.6 0.06 %
Walking Urgent Care Inc10308 West Sample Road, Coral Springs, FL 33065Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/31/20312,250.0 2,250.0 2,531.3 0.69 %
Tober Building Company3351 Brecksville Road, Richfield, OH 44286Construction of BuildingsTerm LoanPrime plus 2.75%3/31/20313,639.5 3,639.5 4,067.2 1.11 %
Batteries in a Flash.com Inc720 W Cheyenne Ave, North Las Vegas, NV 89030Nonstore RetailersTerm LoanPrime plus 2.75%3/31/2046925.2 925.2 1,073.2 0.29 %
Suncoast Premier Medical LLC1239 US-27, Clermont, FL 34714Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/31/2046913.5 913.5 1,059.7 0.29 %
Statewide Healthcare Inc102 Oglethorpe Professional Court, Savannah, GA 31406Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/31/2031558.0 558.0 630.5 0.17 %
Quality Sound Communications Inc1551 North Tustin Avenue, Suite 960, Santa Ana, CA 92705TelecommunicationsTerm LoanPrime plus 2.75%3/31/20311,206.0 1,206.0 1,362.0 0.37 %
Triple B’s Inc dba Crews Door Company12189 Livingston Road, Manassas, VA 20109Building Material and Garden Equipment and Supplies DealersTerm LoanPrime plus 2.75%3/31/2046835.9 835.9 969.7 0.26 %
Knight Settlement Sand & Gravel LLC7291 Knight Settlement Rd, Bath, NY 14810Mining (except Oil and Gas)Term LoanPrime plus 2.75%3/31/20311,494.0 1,494.0 1,684.5 0.46 %
Trailer Marketing Services Inc4560 State Route 233, Clinton, NY 13323Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/31/2046202.5 202.5 234.9 0.06 %
Thomson Holdings Enterprises LLC345 8th Street, Daytona Beach, FL 32117Support Activities for TransportationTerm LoanPrime plus 2.75%3/31/2046995.4 995.4 1,154.7 0.31 %
129
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
TK Cleaning & Lawn Service LLC4449 Beechaven Drive, Rock Hill, SC 29732Administrative and Support ServicesTerm LoanPrime plus 2.75%3/31/20311,080.0 1,080.0 1,219.7 0.33 %
TK Cleaning & Lawn Service LLC4449 Beechaven Drive, Rock Hill, SC 29732Administrative and Support ServicesTerm LoanPrime plus 2.75%3/31/2046225.0 225.0 261.0 0.07 %
Diamond Ridge Professionals LLC,8629 Mesquite Circle, Magna, UT 84044Construction of BuildingsTerm LoanPrime plus 6.5%1/19/203118.7 18.7 21.5 0.01 %
Centre for Autism Treatment LLC13090 Sundown Road, Victorville, CA 92392Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%1/20/203118.7 18.7 21.5 0.01 %
LONDERPASS, INC.108 N Fiore Parkway, Vernon Hills, IL 60061Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%1/21/203118.7 18.7 21.5 0.01 %
Travis D. Long dba Pasture Clearing Fencing1205 N Street, Belleville, KS 66935Construction of BuildingsTerm LoanPrime plus 6.5%1/22/203118.7 18.7 21.5 0.01 %
WILD THING ACCOUNTING & TAX LLC805 NE 190th Avenue, Portland, OR 97230Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%1/22/203118.7 18.7 21.5 0.01 %
Andrew's Spotless Cleaning, LLC1604 Marcella Drive, Covington, KY 41011Administrative and Support ServicesTerm LoanPrime plus 6.5%1/22/203118.7 18.7 21.5 0.01 %
Wild Wellness LLC151 Lake Street, Lancaster, OH 43130Ambulatory Health Care ServicesTerm LoanPrime plus 6.5%1/22/20318.2 8.2 9.4 — %
Skypie Studio & Crafts LLC933 Mary Ave, Opelousas, LA 70570Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%1/22/203117.9 17.9 20.6 0.01 %
VIIXVII Sewing Studio, LLC277 E Girard Avenue, Philadelphia, PA 19125Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 6.5%1/22/203113.8 13.8 15.9 — %
Jazma Deaungilae Wise110 Golden Pine Rd SW, Austell, GA 30168Personal and Laundry ServicesTerm LoanPrime plus 6.5%1/28/203111.9 11.9 13.7 — %
UniGuide Media,LLC105 Pearl Street, Sausalito, CA 94965Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%2/11/203118.8 18.8 21.6 0.01 %
Alima Mandiang, dba Mandiang Hair Braiding242 E. Claremont Rd, Philadelphia, PA 19120Personal and Laundry ServicesTerm LoanPrime plus 6.5%2/17/20317.5 7.5 8.6 — %
Benevolent Family Services LLC522 S Independence Boulevard, Suite 201, Virginia Beach, VA 23452Ambulatory Health Care ServicesTerm LoanPrime plus 6.5%3/15/203118.8 18.8 21.6 0.01 %
INB Enterprise LLC7761 Diamondback Drive, College Park, MD 20742Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%3/15/203118.8 18.8 21.6 0.01 %
Blasco Tire960 Memorial Drive, Griffin, GA 30223Motor Vehicle and Parts DealersTerm LoanPrime plus 6.5%3/24/203118.8 18.8 21.6 0.01 %
Matrix Z LLC800 SW 21st Terrace, Ft Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 6.5%2/27/202910.9 10.9 10.9 — %
Rello Inc.8063 Jericho Turnpike, Woodbury, NY 11797Personal and Laundry ServicesTerm LoanPrime plus 6.5%4/17/20295.3 5.3 5.3 — %
2Choice2Friends LLC901 W Braker Lane, Austin, TX 78758Food Services and Drinking PlacesTerm LoanPrime plus 6.5%4/17/202911.1 11.1 11.1 — %
NYM Solutions Inc.12150 SW 128th St. CT Ste 209, Miami, FL 33186Insurance Carriers and Related ActivitiesTerm LoanPrime plus 6.5%5/6/202911.1 11.1 11.1 — %
Crystal Cleaning Service 26 Cooper Rd, Byhalia, MS 38611Administrative and Support ServicesTerm LoanPrime plus 6.5%5/9/20299.0 9.0 9.0 — %
130
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Clowers Trucking by Faith LLC705 E Brookwood PL, Valdosta, GA 31601Truck TransportationTerm LoanPrime plus 6.5%5/23/202911.0 11.0 11.0 — %
MCM Design LLC5926 Vinings Vintage Way, Mableton, GA 30126Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%5/23/20298.7 8.7 8.7 — %
Still Photography195 Terrace Place, Apt. 2, Brooklyn, NY 11218Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%6/6/202911.2 11.2 11.2 — %
Archer Cleaners Inc.1514 W. 33rd St., Chicago, IL 60608Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/10/202911.2 11.2 11.2 — %
Law Office of Paula Padilla PLLC2211 E Highland Ave Ste 130, Phoenix, AZ 85016Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%6/13/20294.5 4.5 4.5 — %
Bonadi Inc.9858 W Sample Rd, Coral Springs, FL 33065Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/17/202911.2 11.2 11.2 — %
Campuscuts LLC930 Robtrice Ct, Edmond, OK 73430Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/21/20296.7 6.7 6.7 — %
Port Diesel LLC3212 Alex Trask Dr, Castle Hayne, NC 28429Repair and MaintenanceTerm LoanPrime plus 6.5%6/21/202911.2 11.2 11.2 — %
Menshka Inc.88 High St., Mountclair, NJ 07042Ambulatory Health Care ServicesTerm LoanPrime plus 6.5%7/10/202911.3 11.3 11.3 — %
The Bean Coffee Company, LLC112 South Main St., Spring Hill, KS 66083Food Services and Drinking PlacesTerm LoanPrime plus 6.5%7/17/202911.3 11.3 11.3 — %
Lawrence Adeyemo & Co LLC209-34 112 Ave, Queens Village, NY 11429Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%7/19/20299.0 9.0 9.0 — %
Gradstreet LLC2437 Corinth Ave Apt 130, Los Angeles, CA 90064Nonstore RetailersTerm LoanPrime plus 6.5%7/30/20297.0 7.0 7.0 — %
A&S Services LLC3888 Lightner Rd, Vandalia, OH 45377Food Services and Drinking PlacesTerm LoanPrime plus 6.5%8/7/202911.3 11.3 11.3 — %
Crystal Clear Accounting34099 Tuscan Creek Way, Temecula, CA 92592Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%8/26/20292.9 2.9 2.9 — %
Doghouse Sport Fishing Charters Inc.83413 Overseas Hwy, Islamorada, FL 33036Scenic and Sightseeing TransportationTerm LoanPrime plus 6.5%8/30/202911.3 11.3 11.3 — %
No Push Back LLC2223 Dungan Ave, Bensalem, PA 19020Personal and Laundry ServicesTerm LoanPrime plus 6.5%8/30/202911.0 11.0 11.0 — %
Host Marketing LLC206 Bell Lane, Ste B, West Monroe, LA 71291Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%9/18/202911.4 11.4 11.4 — %
Standard Real Estate Services LLC500 West Silver Spring Dr, Ste K 200,, Glendale, WI 53217Real EstateTerm LoanPrime plus 6.5%9/19/202911.4 11.4 11.4 — %
Bargain Store107 Tabernacle Church Rd, Candor, NC 27229General Merchandise StoresTerm LoanPrime plus 6.5%10/11/202911.5 11.5 11.5 — %
Powerlift Dumbwaiters Inc.2444 Georgia Slide Rd, Georgetown, CA 95634Machinery ManufacturingTerm LoanPrime plus 6.5%10/16/202911.0 11.0 11.0 — %
Pine Mountain Residential LLC10240 Cosmopolitan Circle, Parker, CO 80134Specialty Trade ContractorsTerm LoanPrime plus 6.5%10/16/202911.5 11.5 11.5 — %
James Clark and Company Inc.8885 Haven Ave, Ste 120, Rancho Cucamonga, CA 91730Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%10/22/202911.5 11.5 11.5 — %
Sean McNamara5639 Wood Lane, Allentown, PA 18106Nonstore RetailersTerm LoanPrime plus 6.5%11/14/202911.5 11.5 11.5 — %
131
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
The Pinnacle Group105 Springside Dr, Akron, OH 44333Social AssistanceTerm LoanPrime plus 6.5%11/14/202911.5 11.5 11.5 — %
Pen’s Electric Company, Inc504 Fairfax Ave, Nashville, TN 37212Specialty Trade ContractorsTerm LoanPrime plus 6.5%11/21/202911.9 11.9 11.9 — %
Standard Capital Corp. 2349 Wessington Dr, Virginia Beach, VA 23456Insurance Carriers and Related ActivitiesTerm LoanPrime plus 6.5%12/5/202911.6 11.6 11.6 — %
Scott’s Hardware Inc200 Tuckerton Rd, Medford, NJ 08055Building Material and Garden Equipment and Supplies DealersTerm LoanPrime plus 6.5%12/6/202911.6 11.6 11.6 — %
HADD Corp364 Rugby Rd, Cedarhurst, NY 11516Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/17/202911.6 11.6 11.6 — %
La Tradicion Cubana Inc.9357 S.W. 40th St., Miami, FL 33165Miscellaneous Store RetailersTerm LoanPrime plus 6.5%12/20/202911.6 11.6 11.6 — %
This is a Fly Closet LLC  12408 Kingsview St., Bowie, MD 20721Clothing and Clothing Accessories StoresTerm LoanPrime plus 6.5%1/30/203011.7 11.7 11.7 — %
2 N 1 Home and Lawn LLC1300 Ridenour Blvd, Kennesaw, GA 30152Administrative and Support ServicesTerm LoanPrime plus 6.5%2/3/203011.7 11.7 11.7 — %
All Modes Transportation and Logistics4313 Collingtree Dr, Rockledge, FL 32955Support Activities for TransportationTerm LoanPrime plus 6.5%2/14/203011.7 11.7 11.7 — %
 Green Farm Inc. 1018 W SR 424 Ste 100, Longwood, FL 32750Food and Beverage StoresTerm LoanPrime plus 6.5%11/19/203012.3 12.3 12.3 — %
 Kendra Leigh Boyer CPA 5068 Dupont Court E, Santa Rosa, CA 95409Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%11/20/203012.3 12.3 12.3 — %
 Flex Beauty Labs LLC   7512 Dr. Phillip Blvd, Orlando, FL 32819Merchant Wholesalers, Nondurable GoodsTerm LoanPrime plus 6.5%11/24/203012.3 12.3 12.3 — %
 Dearly Loved Counseling LLC   14052 N Dale Mabry Hwy, Ste 215, Tampa, FL 33618Social AssistanceTerm LoanPrime plus 6.5%11/24/203012.3 12.3 12.3 — %
Diane's Accounting Service119 E Haywood St, England, AR 72046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/3/203012.4 12.4 12.4 — %
Combs Creative LLC157 Antler Ridge Circle,, Nashville, TN 37214Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/4/20305.4 5.4 5.4 — %
Travel with Love, LLC8465 W Sahara Ave, Ste 111, Las Vegas, NV 89117Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/4/20305.0 5.0 5.0 — %
R. JOHNSON CRAFTSMANSHIP346 Spring Garden Rd, Milford, NJ 08848Specialty Trade ContractorsTerm LoanPrime plus 6.5%12/4/203010.0 10.0 10.0 — %
Jamali LLC2741 Raceway Fairfield West, Pensacola, FL 32505Food Services and Drinking PlacesTerm LoanPrime plus 6.5%12/11/203012.4 12.4 12.4 — %
Donald W. Harris1625 US-59 N, Linden, TX 75563Warehousing and StorageTerm LoanPrime plus 6.5%12/11/203012.4 12.4 12.4 — %
David Benson LLC1422 Euclid Ave, Cleveland, OH 44115Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/16/203012.4 12.4 12.4 — %
Savannah Area Language & Culture Exchange, LLC6 Dovetail Crossing, Savannah, GA 31419Educational ServicesTerm LoanPrime plus 6.5%12/16/203012.4 12.4 12.4 — %
Vege Investments, LLC26400 SW 177th Ave, Homestead, FL 33031Gasoline StationsTerm LoanPrime plus 6.5%12/16/203012.4 12.4 12.4 — %
132
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
ASIL Ventures, LLC444 N Michigan Ave, Ste 1200, Chicago, IL 60611Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/22/20304.2 4.2 4.2 — %
SPECTRUM DYNAMICS, INC27727 Dalton Bluff Court, Katy, TX 77494Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.4 — %
Pittman Holdings LLC DBA Maple Bourbon1116 E Main St., Richmond, VA 23219Food Services and Drinking PlacesTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.4 — %
KCL Business Service Inc1042 San Fernando Rd., San Fernando, CA 91340Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.4 — %
Chris' Angels Cleanning Service LLC2090 Dunwoody Club Dr, Sandy Springs, GA 30350Administrative and Support ServicesTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.4 — %
Tiki Torch Liquors101 Dallas St., Talihima, OK 74571Food and Beverage StoresTerm LoanPrime plus 6.5%12/23/203012.4 12.4 12.4 — %
Austen Felder Holdings23642 Highway 25, Franklinton, LA 70438Personal and Laundry ServicesTerm LoanPrime plus 6.5%1/18/203112.4 12.4 12.4 — %
Edel Family Management Corp2207 Coney Island Ave, Brooklyn, NY 11223PPPTerm Loan1.0%4/30/202239.2 39.2 39.2 0.01 %
Surf Cup Sports2037 Park Dale Ln, Encinitas, CA 92024PPPTerm Loan1.0%4/30/202219.0 19.0 19.0 0.01 %
Eat Here LLC500 S Main St, Las Vegas, NV 89101PPPTerm Loan1.0%4/30/20224.8 4.8 4.8 — %
Glynwood Center, Inc.362 Glynwood Rd, Cold Spring, NY 10516PPPTerm Loan1.0%5/4/202230.3 30.3 30.3 0.01 %
San Basilio, LLC12305 SW 38th St., Ocala, FL 34481PPPTerm Loan1.0%5/4/20222.5 2.5 2.5 — %
Asthma & Allergy Medical Care, P.C.68 Nassau Rd, Huntington, NY 11743PPPTerm Loan1.0%5/4/202216.1 16.1 16.1 — %
SK8CLICK INC17062 Westport Dr, Huntington Beach, CA 92649PPPTerm Loan1.0%5/4/20221.9 1.9 1.9 — %
Provino's South, Inc.14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%5/5/202218.2 18.2 18.2 — %
Kore Surgical Inc26636 Fond Du Lac Rd, Rancho Palos Verdes, CA 90275PPPTerm Loan1.0%5/5/20228.0 8.0 8.0 — %
MacLeod and Company3161 Michelson Dr, Irvine, CA 92612PPPTerm Loan1.0%5/5/20227.5 7.5 7.5 — %
Dance Daly Studio, LLC24000 Alicia Parkway, #33, Mission Viejo, CA 92691PPPTerm Loan1.0%5/5/20225.2 5.2 5.2 — %
Soudan Metals Co319 W 40th Pl, Chicago, IL 60609PPPTerm Loan1.0%5/5/202264.3 64.3 64.3 0.02 %
Swirnow Capital Management Corp500 Harborview Dr, Third Floor, Baltimore, MD 21230PPPTerm Loan1.0%5/5/202210.0 10.0 10.0 — %
GMS Racing LLC1980 Festival Plaza Dr, Ste 770, Las Vegas, NV 89135PPPTerm Loan1.0%5/6/2022130.0 130.0 130.0 0.04 %
D Bober LLC dba the Public Private Network445 Hamilton Ave, Ste 1102, White Plains, NY 10601PPPTerm Loan1.0%5/6/20222.8 2.8 2.8 — %
133
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Ntrepid LLC12801 Worldgate Dr, Ste 800, Herndon, VA 20170PPPTerm Loan1.0%5/6/2022720.2 720.2 720.2 0.20 %
Basic L Corporation dba Action Industries1120 Olympic Dr, Corona, CA 92881PPPTerm Loan1.0%5/7/202243.1 43.1 43.1 0.01 %
Fernway Solutions Inc.34 Tidal Way, San Mateo, CA 94401PPPTerm Loan1.0%5/7/20223.8 3.8 3.8 — %
Care Values, Inc.1905 Woodstock Rd, Ste 1250, Roswell, GA 30075PPPTerm Loan1.0%5/7/202214.1 14.1 14.1 — %
Fried Chicken Kitchen LLC1750 Market St, San Francisco, CA 94102PPPTerm Loan1.0%5/7/202242.7 42.7 42.7 0.01 %
Fleming Island Dental Care1590 Island Ln, Ste 12, Fleming Island, FL 32003PPPTerm Loan1.0%5/8/20226.9 6.9 6.9 — %
Dominion Glass & Mirror Inc.14707-B Willard Rd, Chantilly, VA 20151PPPTerm Loan1.0%5/8/202220.4 20.4 20.4 0.01 %
Allergy & Asthma Associates of Murray Hill, P.C.35 E 35th St, Ste 202, New York, NY 10016PPPTerm Loan1.0%5/8/202217.1 17.1 17.1 — %
J.P. Makhlouf, M.D., F.A.A.P., & Tiziana Anello, M.D., F.A.A.P., P.A. d/b/a Roseland Pediatrics556 Eagle Rock Ave, Ste 106, Roseland, NJ 07068PPPTerm Loan1.0%5/11/202212.8 12.8 12.8 — %
Legg's Welding Inc.5871 Clay Hwy, Bickmore, WV 25019PPPTerm Loan1.0%5/11/20229.5 9.5 9.5 — %
Urban Clarity13 S Elliott Pl, Brooklyn, NY 11217PPPTerm Loan1.0%5/11/20222.1 2.1 2.1 — %
Scott Zucker P.A.633 S Andrews Ave, #203, Fort Lauderdale, FL 33301PPPTerm Loan1.0%5/11/20221.0 1.0 1.0 — %
Landmark IV Realty Inc.3990 Sheridan St, Ste 105, Hollywood, FL 33021PPPTerm Loan1.0%5/11/20220.9 0.9 0.9 — %
Rodney and Bernstein P.A.1925 Brickell Ave, Ste D-207, Miami, FL 33129PPPTerm Loan1.0%5/11/202217.1 17.1 17.1 — %
Temple Emanu-El2100 Highland Ave, Birmingham, AL 35205PPPTerm Loan1.0%5/12/202228.0 28.0 28.0 0.01 %
American Automotive Aftermarket Inc.50 Dunham Rd, Billerica, MA 01821PPPTerm Loan1.0%5/12/202222.0 22.0 22.0 0.01 %
Ernst Architect, PLLC177 W BRdway, 3rd Floor, New York, NY 10013PPPTerm Loan1.0%5/12/202217.6 17.6 17.6 — %
Dental Designs of Fort Myers, LLC3220 Forum Blvd, #104, Fort Myers, FL 33905PPPTerm Loan1.0%5/12/202234.8 34.8 34.8 0.01 %
RX Psychological Services, LLC5300 McNutt Rd, Ste 12, Santa Teresa, NM 88008PPPTerm Loan1.0%5/12/20222.1 2.1 2.1 — %
HL Group Inc.16690 Swingley Ridge Rd, Ste 100, Chesterfield, MO 63017PPPTerm Loan1.0%5/13/202216.0 16.0 16.0 — %
Child Welfare League of America Inc.727 15th St NW, Ste 1200, Washington, DC 20005PPPTerm Loan1.0%5/13/202220.0 20.0 20.0 0.01 %
Z Valet, Inc.4221 Wilshire blvd, Ste 170-11, Los Angeles, CA 90010PPPTerm Loan1.0%5/13/202233.9 33.9 33.9 0.01 %
134
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Quality Pool Management161 Rombout Rd, Poughkeepsie, NY 12603PPPTerm Loan1.0%5/13/20226.4 6.4 6.4 — %
Weisner Steel Products77 Moraga Way, Ste F, Orinda, CA 94563PPPTerm Loan1.0%5/13/202224.2 24.2 24.2 0.01 %
Fairview Ford Sales, Inc.292 N G St, San Bernardino, CA 92410PPPTerm Loan1.0%5/13/2022143.9 143.9 143.9 0.04 %
Deep Ellum Art Co.3200 Commerce St, Dallas, TX 75226PPPTerm Loan1.0%5/14/20228.0 8.0 8.0 — %
Stress Analysis Services, Inc.3920 Ira Rd, Akron, OH 44333PPPTerm Loan1.0%5/14/202219.0 19.0 19.0 0.01 %
Retrotope, Inc.4300 El Camino Real, Ste 201, Los Altos, CA 94022PPPTerm Loan1.0%5/14/202228.3 28.3 28.3 0.01 %
Tuckahoe Animal Hospital PLLC20 Depot Square, Tuckahoe, NY 10707PPPTerm Loan1.0%5/14/202214.0 14.0 14.0 — %
Melbourne United Laser Vision1478 Highland Ave, Ste A, Melbourne, FL 32935PPPTerm Loan1.0%5/14/20227.6 7.6 7.6 — %
D. R. Horne & Company117 Mercer St., Princeton, NJ 08540PPPTerm Loan1.0%5/14/20220.4 0.4 0.4 — %
Dominic Orfitelli, LLC7101 Elizabeth Dr, McLean, VA 22101PPPTerm Loan1.0%5/15/20223.1 3.1 3.1 — %
Temecula Hot Yoga, LLC DBA Hot Yoga Healthy You31773 Temecula Pkwy, Temecula, CA 92592PPPTerm Loan1.0%5/15/20221.7 1.7 1.7 — %
Alpine Metal Products, Inc.2000 St John St, Easton, PA 18042PPPTerm Loan1.0%5/15/202225.0 25.0 25.0 0.01 %
Ranco Construction LLC2 Coleman Ct, Southampton, NJ 08088PPPTerm Loan1.0%5/15/202252.9 52.9 52.9 0.01 %
Rumi K. Lakha D.O., Inc.7136 Pacific Blvd, Ste 225, Huntington Park, CA 90255PPPTerm Loan1.0%5/15/202221.7 21.7 21.7 0.01 %
Chatham Pathology and Associates5353 Reynolds St, Savannah, GA 31405PPPTerm Loan1.0%5/15/202216.8 16.8 16.8 — %
Kevin C. McWilliams225 W 35th St 14th Floor, New York, NY 10001PPPTerm Loan1.0%5/15/20223.0 3.0 3.0 — %
Timothy G Greco, MD A Prof Corp1260 Crestview Dr, Fullerton, CA 92833PPPTerm Loan1.0%5/15/20223.4 3.4 3.4 — %
F T Brooks Inc.1206 Powhatan St., Alexandria, VA 22314PPPTerm Loan1.0%5/15/20222.1 2.1 2.1 — %
Brookhollow Management Company151 Kalmus Dr, F-1, Costa Mesa, CA 92626PPPTerm Loan1.0%5/15/202230.6 30.6 30.6 0.01 %
Mayer Fayes18800 NE 29th Ave., Apt 114, Aventura, FL 33180PPPTerm Loan1.0%5/15/20220.6 0.6 0.6 — %
Hotel Cheval, LLC1021 Pine St, Paso Robles, CA 93446PPPTerm Loan1.0%5/18/202217.5 17.5 17.5 — %
Kohcoon LLC4060 Woodridge Rd, Miami, FL 33133PPPTerm Loan1.0%5/18/20222.9 2.9 2.9 — %
Michael J Scherb DMD PA2143 South Us Hwy 1, Jupiter, FL 33477PPPTerm Loan1.0%5/18/202214.2 14.2 14.2 — %
McGee Media LLC156 Katonah Ave., Ste #202, Katonah, NY 10536PPPTerm Loan1.0%5/18/2022106.0 106.0 106.0 0.03 %
135
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
South City Construction1111 Rancho Conejo Blvd, #205, Newbury Park, CA 91320PPPTerm Loan1.0%5/18/202224.0 24.0 24.0 0.01 %
Lisa Stransky Real Estate LLC10000 Falls Rd, Ste 300, Potomac, MD 20854PPPTerm Loan1.0%5/18/20224.7 4.7 4.7 — %
Aldene Industrial Park204 Sinclair Pl, Westfield, NJ 07090PPPTerm Loan1.0%5/18/20222.2 2.2 2.2 — %
John Woody Inc.754 Harrison St, Jacksonville, FL 32220PPPTerm Loan1.0%5/19/202227.6 27.6 27.6 0.01 %
Chophouse 1311362 San Jose Blvd, Ste 1, Jacksonville, FL 32223PPPTerm Loan1.0%5/19/202220.4 20.4 20.4 0.01 %
Shorstein & Shorstein PA8265 Bayberry Rd, Jacksonville, FL 32256PPPTerm Loan1.0%5/19/202242.3 42.3 42.3 0.01 %
Doctors Medical Center of Walton County, PA21 W Main Ave, Defuniak Springs, FL 32435PPPTerm Loan1.0%5/19/202221.9 21.9 21.9 0.01 %
Mecca Resources Inc3033 Riviera Dr, Ste 101, Naples, FL 34103PPPTerm Loan1.0%5/19/20226.3 6.3 6.3 — %
Robert Giarrusso9 Sabine Lane, Hardyston, NJ 07416PPPTerm Loan1.0%5/19/20220.6 0.6 0.6 — %
Sharrets, Paley, Carter & Blauvelt, PC75 BRd St, New York, NY 10004PPPTerm Loan1.0%5/19/202213.8 13.8 13.8 — %
CCG Advisors817 W Peachtree St., Ste 205, Atlanta, GA 30308PPPTerm Loan1.0%5/19/202221.5 21.5 21.5 0.01 %
Laura Billon1286 El Mercado Way,, Unit C, Oceanside, CA 92057PPPTerm Loan1.0%5/19/20220.1 0.1 0.1 — %
Gregory A. Ebenfeld PA11011 Sheridan St, Ste 113, Hollywood, FL 33026PPPTerm Loan1.0%5/20/20222.2 2.2 2.2 — %
Caveonix7777 Leesburg Pike, Ste 303 South, Falls Church, VA 22043PPPTerm Loan1.0%5/20/202231.0 31.0 31.0 0.01 %
Sunren International, LLC1141 Orange Ave, Monrovia, CA 91016PPPTerm Loan1.0%5/20/20224.2 4.2 4.2 — %
Melanie L Kemmerer, DMD, PLLC110 SW Suwannee Ave, Branford, FL 32008PPPTerm Loan1.0%5/20/20222.9 2.9 2.9 — %
Sierra Music Publications, Inc.2711 N Idaho Rd, Liberty Lake, WA 99019PPPTerm Loan1.0%5/20/20221.6 1.6 1.6 — %
AllianceRad LLC425 N Ocean Blvd, Unit 4, Boca Raton, FL 33432PPPTerm Loan1.0%5/20/20222.1 2.1 2.1 — %
Testicular Cancer Commons5415 SW 149th Ave, Beaverton, OR 97007PPPTerm Loan1.0%5/20/20221.0 1.0 1.0 — %
GARDEN LTC LLC10 EVANS Dr, BROOKVILLE, NY 11545PPPTerm Loan1.0%5/20/20221.3 1.3 1.3 — %
RTP Corp.2832 Center Port Cir, Pompano Beach, FL 33064PPPTerm Loan1.0%5/20/202239.2 39.2 39.2 0.01 %
Brandy Cox, Inc11818 Cupworth Ct, Huntersville, NC 28078PPPTerm Loan1.0%5/20/20220.8 0.8 0.8 — %
Mark E Haddad MD IncPO Box 791507, Paia, HI 96779PPPTerm Loan1.0%5/20/20221.5 1.5 1.5 — %
136
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Direct Resources Group1520 4th Ave, Ste 500, Seattle, WA 98101PPPTerm Loan1.0%5/21/202231.3 31.3 31.3 0.01 %
Patricia Margolin551 Spring Valley Rd, Paramus, NJ 07652PPPTerm Loan1.0%5/21/20220.9 0.9 0.9 — %
Herion Productions LLC95 Thomas Rd, Valatie, NY 12184PPPTerm Loan1.0%5/21/20221.2 1.2 1.2 — %
Gwendolyn Luce4065 Laguna Way, Palo Alto, CA 94306PPPTerm Loan1.0%5/21/20220.8 0.8 0.8 — %
Hamilton Technology Services14115 West 59th Place, Arvada, CO 80004PPPTerm Loan1.0%5/21/202215.3 15.3 15.3 — %
Michelle Euler1709 Forest Bend Lane, Keller, TX 76248PPPTerm Loan1.0%5/21/20221.2 1.2 1.2 — %
KKAP ELA Laundry, LLC3845 East 3rd St, Los Angeles, CA 90063PPPTerm Loan1.0%5/21/20221.8 1.8 1.8 — %
North Carolina Baptist Foundation, Inc.201 Convention Dr, Cary, NC 27511PPPTerm Loan1.0%5/21/202227.6 27.6 27.6 0.01 %
Carrie Risatti307 Montana Ave, #201, Santa Monica, CA 90403PPPTerm Loan1.0%5/21/20221.7 1.7 1.7 — %
Ultracare of Manhattan Ltd800 Second Ave, Ste 905, New York, NY 10017PPPTerm Loan1.0%5/21/202290.0 90.0 90.0 0.02 %
Frank Betz Associates, Inc.12045 Hwy 92, Woodstock, GA 30188PPPTerm Loan1.0%5/21/202220.9 20.9 20.9 0.01 %
S & L Paper Corporation3500 Hampton Rd, Oceanside, NY 11572PPPTerm Loan1.0%5/22/202212.9 12.9 12.9 — %
Utility Consulting Group LLC23679 Calabasas Rd, #263, Calabasas, CA 91302PPPTerm Loan1.0%5/22/202253.0 53.0 53.0 0.01 %
Fybr LLC640 Cepi Dr, Ste C, Chesterfield, MO 63005PPPTerm Loan1.0%5/22/202227.3 27.3 27.3 0.01 %
Schlemmer Farms LLC6167 State Line Rd., Convoy, oh 45832PPPTerm Loan1.0%5/22/20223.0 3.0 3.0 — %
Black Hawk IncPO BOX 476, BRISTOL, IN 46507PPPTerm Loan1.0%5/22/202214.4 14.4 14.4 — %
Steeplechase Amusement Inc11540 Clover Ave, Los Angeles, CA 90066PPPTerm Loan1.0%5/22/20224.2 4.2 4.2 — %
JK Belz & Associates Inc10580 N McCarran Blvd, #115-222, Reno, NV 89503PPPTerm Loan1.0%5/22/20224.8 4.8 4.8 — %
South Florida Imaging Consultants LLC10754 Versailles Blvd, Wellington, FL 33449PPPTerm Loan1.0%5/22/20224.4 4.4 4.4 — %
BanzaiFly Inc3861 Reklaw Dr, Studio City, CA 91604PPPTerm Loan1.0%5/22/20222.0 2.0 2.0 — %
P3s Corp21526 Privada Avila, San Antonio, TX 78257PPPTerm Loan1.0%5/22/202260.8 60.8 60.8 0.02 %
Youth Tennis San Diego Foundation4490 W Point Loma Blvd, San Diego, CA 92107PPPTerm Loan1.0%5/22/20220.7 0.7 0.7 — %
Cinema Vehicles12580 Saticoy St, North Hollywood, CA 91605PPPTerm Loan1.0%5/22/202259.0 59.0 59.0 0.02 %
Provino's Italian Restaurant, Inc.14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%5/26/202225.8 25.8 25.8 0.01 %
137
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Bethany L. LaFlam9 Acacia Tree Ln, Irvine, CA 92612PPPTerm Loan1.0%5/26/20221.7 1.7 1.7 — %
Easy Content Media LLC706 Van Nest Dr, Martinsville, NJ 08836PPPTerm Loan1.0%5/26/20225.8 5.8 5.8 — %
The Desai Foundation209 Burlington Rd, Ste 217, Bedford, MA 01730PPPTerm Loan1.0%5/26/20225.3 5.3 5.3 — %
Kenneth R. Hughes3620 Mt Diablo Blvd, Ste 203, Lafayette, CA 94549PPPTerm Loan1.0%5/26/20222.1 2.1 2.1 — %
163rd Avenue Investors, LLC1435 163rd Ave, San Leandro, CA 94578PPPTerm Loan1.0%5/26/20222.9 2.9 2.9 — %
Quickway Metal Fabricators9 Murran Rd, P.O. Box 1378, Monticello, NY 12701PPPTerm Loan1.0%5/26/20225.9 5.9 5.9 — %
TK Food Concepts LLC107 North 3rd St, Ste 3D, Brooklyn, NY 11249PPPTerm Loan1.0%5/26/202215.4 15.4 15.4 — %
Jennifer Leigh Cobb303 Port Royal Way, Pensacola, FL 32502PPPTerm Loan1.0%5/26/20220.2 0.2 0.2 — %
Jennie Kwon Designs643 S Olive St, Los Angeles, CA 90014PPPTerm Loan1.0%5/26/20225.4 5.4 5.4 — %
Pacific CCI, Inc880 W 1st St, #520, Los Angeles, CA 90012PPPTerm Loan1.0%5/27/202236.4 36.4 36.4 0.01 %
Onchip Systems1953 O'Toole Way, San Jose, CA 95131PPPTerm Loan1.0%5/27/202212.8 12.8 12.8 — %
Scalini's, Inc.14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%5/27/202217.7 17.7 17.7 — %
Phillip Thomas Inc210 E 68th St, Ste 9G, New York, NY 10065PPPTerm Loan1.0%5/27/20228.4 8.4 8.4 — %
X-Pest100 N Hill Dr, #40, Brisbane, CA 94005PPPTerm Loan1.0%5/27/20220.4 0.4 0.4 — %
Evalyn Mosser Bookkeeping and Consulting2436 N Federal Hwy, Ste 474, Lighthouse Point, FL 33064PPPTerm Loan1.0%5/27/20221.4 1.4 1.4 — %
Hauser Family Foundation10617 Charleston Dr, Vero Beach, FL 32963PPPTerm Loan1.0%5/27/20221.3 1.3 1.3 — %
Robert Frantz MD, Inc1730 San Ysidro Dr, Beverly Hills, CA 90210PPPTerm Loan1.0%5/27/20222.1 2.1 2.1 — %
Sports Academy Integrated Sports Medicine, LLC1011 Rancho Conejo Blvd, Newbury Park, CA 91320PPPTerm Loan1.0%5/27/202231.4 31.4 31.4 0.01 %
Aqua Flies LLCPO Box 2216, Sebastopol, CA 95473PPPTerm Loan1.0%5/27/20221.0 1.0 1.0 — %
Bent Tail, Inc.824 Brooks Ave, Venice, CA 90291PPPTerm Loan1.0%5/27/20222.1 2.1 2.1 — %
Actors and Others for Animals11523 Burbank Blvd, North Hollywood, CA 91601PPPTerm Loan1.0%5/27/20225.6 5.6 5.6 — %
AMAN PC181 Westfield Ave, Clark, NJ 07066PPPTerm Loan1.0%5/27/20229.9 9.9 9.9 — %
Joped, Inc.1411 SE Indian St, Stuart, FL 34997PPPTerm Loan1.0%5/27/202214.4 14.4 14.4 — %
138
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Frenchy's1460 3rd St S, Jacksonville Beach, FL 32250PPPTerm Loan1.0%5/28/20228.6 8.6 8.6 — %
Hoaka Property Company LLCPO Box 670, Kailua Kona, HI 96745PPPTerm Loan1.0%5/28/202240.0 40.0 40.0 0.01 %
Daniel I Richman, MD429 E 75th St, 6th Floor, New York, NY 10021PPPTerm Loan1.0%5/28/202216.8 16.8 16.8 — %
SANDLER SEARCH ASSOCIATES, LLC132 E 35th St, Apt 5E, New York, NY 10016PPPTerm Loan1.0%5/28/20228.7 8.7 8.7 — %
Yoga Connection of Pembroke Pines, Inc12592 Pines Blvd, #103, Pembroke Pines, FL 33027PPPTerm Loan1.0%5/28/20222.3 2.3 2.3 — %
richard noren llc2101 Waukegan Rd, Ste 110, Bannockburn, IL 60015PPPTerm Loan1.0%5/28/20222.8 2.8 2.8 — %
Tinny Corporation100 Bradley St, Middletown, CT 06457PPPTerm Loan1.0%5/28/202250.2 50.2 50.2 0.01 %
PPJ2 Carsha Dr, Natick, MA 01760PPPTerm Loan1.0%5/28/202233.6 33.6 33.6 0.01 %
Emeco805 W Elm Ave, Hanover, PA 17331PPPTerm Loan1.0%5/28/202250.7 50.7 50.7 0.01 %
George Chien12898 Woodmont Dr, Saratoga, CA 95070PPPTerm Loan1.0%5/28/20222.6 2.6 2.6 — %
Mamba and Mamacita Sports Foundation1011 Rancho Conejo Blvd, Newbury Park, CA 91320PPPTerm Loan1.0%5/28/20223.3 3.3 3.3 — %
Julia Obadiah, PC6370 SW Borland, Ste 200, Tualatin, OR 97062PPPTerm Loan1.0%5/28/20223.1 3.1 3.1 — %
Jaron Presant, Inc.752 Juanita Ave, Santa Barbara, CA 93109PPPTerm Loan1.0%5/28/20222.0 2.0 2.0 — %
Dawn Coleman-Hyman2505 E 7 st, Long Beach, CA 90804PPPTerm Loan1.0%5/29/20221.2 1.2 1.2 — %
Don Dietrich Inc.240 Main St, Nyack, NY 10960PPPTerm Loan1.0%5/29/20223.3 3.3 3.3 — %
Shalik, Morris & Company, LLC80 Crossways Park Dr W, Woodbury, NY 11797PPPTerm Loan1.0%5/29/2022108.3 108.3 108.3 0.03 %
Strategic Code Solutions LLC182 Summer St, Box 355, Kingston, MA 02364PPPTerm Loan1.0%5/29/20221.7 1.7 1.7 — %
Elizabeth W. Shull2600 Wamath Dr, Charlotte, NC 28210PPPTerm Loan1.0%5/29/20221.7 1.7 1.7 — %
MANHATTAN RETINA & EYE CONSULTANTS67 E 78th St., Unit 1c, New York, NY 10075PPPTerm Loan1.0%5/29/20222.8 2.8 2.8 — %
Michael E. Cindrich, Attorney At Law225 BRdway, Ste 2100, San Diego, CA 92101PPPTerm Loan1.0%5/29/20225.0 5.0 5.0 — %
HCMA Consultants, Inc.1802 Harper Rd, Ste 102, Beckley, WV 25801PPPTerm Loan1.0%5/29/202214.5 14.5 14.5 — %
7D Surgical USA Inc.2711 Centerville Rd, Ste 400, Wilmington, DE 19808PPPTerm Loan1.0%5/29/202225.2 25.2 25.2 0.01 %
BY BABBA Inc6 St Johns Ln, New York, NY 10013PPPTerm Loan1.0%5/29/20226.9 6.9 6.9 — %
Joseph W Robb DDS Inc A Dental Corp56 Penny Lane, Ste A, Watsonville, CA 95076PPPTerm Loan1.0%5/29/20229.5 9.5 9.5 — %
139
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Stix,LLC7805 NW Beacon Square Blvd, Ste 201, Boca Raton, FL 33487PPPTerm Loan1.0%5/29/20223.3 3.3 3.3 — %
Steve Kupfer Consulting290 6th Ave, Brooklyn, NY 11215PPPTerm Loan1.0%5/29/20222.1 2.1 2.1 — %
Hawk Management LLC2305 W Horizon Ridge Pkwy, #2024, Henderson, NV 89052PPPTerm Loan1.0%5/29/202218.9 18.9 18.9 0.01 %
Lenat & Partners, Inc.1633 Old Bayshore Hwy, Ste 220, Burlingame, CA 94010PPPTerm Loan1.0%5/29/20221.5 1.5 1.5 — %
Knock Out Productions Inc.21425 Dumetz Rd, Woodland Hills, CA 91364PPPTerm Loan1.0%5/29/20222.3 2.3 2.3 — %
Southside Cleaning Service, Inc.2969 Riverwood Terrace, Birmingham, AL 35242PPPTerm Loan1.0%5/29/20220.6 0.6 0.6 — %
Atlanta Consulting Engineers, Inc.500 Sun Valley Dr, Unit G2, Roswell, GA 30076PPPTerm Loan1.0%5/29/20229.3 9.3 9.3 — %
Scelsi & Associates LLC76 E Euclid Ave, Haddonfield, NJ 08033PPPTerm Loan1.0%5/29/20229.9 9.9 9.9 — %
Headhunter Inc3380 SW 11th AVE, FT LAUDERDALE, FL 33315PPPTerm Loan1.0%5/29/202278.2 78.2 78.2 0.02 %
Construction Solutions and Services LLC7698 Hoffy Cir, Lake Worth, FL 33467PPPTerm Loan1.0%5/29/20221.1 1.1 1.1 — %
Curtis A Mellon, ReMax Anchor, MLS Detectives Group3941 Tamiami Trail, Ste 3121, Punta Gorda, FL 33950PPPTerm Loan1.0%5/29/20224.1 4.1 4.1 — %
Vicarious Music LLC70 Berry St, Ste 2C, Brooklyn, NY 11249PPPTerm Loan1.0%5/29/20220.6 0.6 0.6 — %
Raidah Hudson Dentistry4374 S Laburnum Ave, Richmond, VA 23231PPPTerm Loan1.0%5/29/20222.5 2.5 2.5 — %
Benton Oil & Gas LLC2700 Post Oak Blvd, #2700, Houston, TX 77056PPPTerm Loan1.0%5/29/2022— — — — %
TLM Equities LLC8 Saddle Ridge Rd, Old Westbury, NY 11568PPPTerm Loan1.0%5/29/20222.0 2.0 2.0 — %
Xtreme Acro and Cheer Inc.14702 Southlawn Ln, Rockville, MD 20850PPPTerm Loan1.0%5/29/20225.0 5.0 5.0 — %
Jeffrey Bayer CPA, P.C.240 Kent Ave, Brooklyn, NY 11249PPPTerm Loan1.0%5/29/20222.2 2.2 2.2 — %
Calgo Mfg Inc9930 Research Dr, Ste 100, Irvine, CA 92618PPPTerm Loan1.0%5/29/20222.0 2.0 2.0 — %
Haley Glazer Geriatric Care Management, LLC40 Bradway Ave, Ewing Township, NJ 08618PPPTerm Loan1.0%6/1/20223.3 3.3 3.3 — %
Snipers Lacrosse Inc1024 W Heritage Club Cir, Delray Beach, FL 33483PPPTerm Loan1.0%6/1/20222.6 2.6 2.6 — %
Makena Tech Solutions, Inc232 N Lone Hill Ave, Glendora, CA 91741PPPTerm Loan1.0%6/1/20223.9 3.9 3.9 — %
Michael A Friedman, MD2675 N Decatur Rd, Decatur, GA 30033PPPTerm Loan1.0%6/1/20221.7 1.7 1.7 — %
140
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Triple Aught Foundation24052 Watergap Rd, Hiko, NV 89017PPPTerm Loan1.0%6/1/20226.7 6.7 6.7 — %
Bonsecours Productions Inc.420 Riverside Dr, New York, NY 10025PPPTerm Loan1.0%6/1/20221.2 1.2 1.2 — %
Exclusive 30A Rentals, LLC20 Mark Twain lane, Inlet Beach, FL 32461PPPTerm Loan1.0%6/1/20228.7 8.7 8.7 — %
Eric Fischl3724 24th St, #113, Long Island City, NY 11101PPPTerm Loan1.0%6/1/20221.9 1.9 1.9 — %
Lori B. Birndorf, D.O., A Medical Corporation12139 Riverside Dr, Valley Village, CA 91607PPPTerm Loan1.0%6/1/20223.0 3.0 3.0 — %
VCSC11627 Versailles Lakes Ln, Houston, TX 77082PPPTerm Loan1.0%6/1/20222.4 2.4 2.4 — %
MRV Associates19 Fox Meadow Rd, Scarsdale, NY 10583PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
Welles & Montgomery LLC770 Wildwood Rd NE, Atlanta, GA 30324PPPTerm Loan1.0%6/1/20220.7 0.7 0.7 — %
Lubin & Meyer, PC100 City Hall Plaza, Boston, MA 02108PPPTerm Loan1.0%6/1/202263.0 63.0 63.0 0.02 %
Broomstick Productions Inc10866 Wilshire Blvd, 10th Floor, Los Angeles, CA 90024PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
LAUREL RACQUET AND HEALTH CLUB INC204 Fort Meade Rd, Laurel, MD 20707PPPTerm Loan1.0%6/1/20225.3 5.3 5.3 — %
Special Events Staffing1015 N Lake Ave, Ste 205, Pasadena, CA 91104PPPTerm Loan1.0%6/1/202254.6 54.6 54.6 0.01 %
BOWIE RACQUET AND FITNESS CLUB, INC100 White Marsh Park Dr, Bowie, MD 20715PPPTerm Loan1.0%6/1/202228.1 28.1 28.1 0.01 %
CATHY FRANKLIN124 EAST 92ND St., NEW YORK, NY 10128PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
R.E. Hazard Contracting Company401 B St, Ste 2400, San Diego, CA 92101PPPTerm Loan1.0%6/1/20226.3 6.3 6.3 — %
Get Wired Tec, Inc.2192 Lysander Ave, Simi Valley, CA 93065PPPTerm Loan1.0%6/1/20224.0 4.0 4.0 — %
Colgate McCallum Advisors Inc5440 Harvest Hill Rd., #253, Dallas, TX 75230PPPTerm Loan1.0%6/1/202214.6 14.6 14.6 — %
Hafner Research Associates LLC12 Quarry Ridge Rd, Sandy Hook, CT 06482PPPTerm Loan1.0%6/1/20221.8 1.8 1.8 — %
Bailey and Owens Construction2649 Valleydale Rd, Birmingham, AL 35244PPPTerm Loan1.0%6/1/202217.5 17.5 17.5 — %
Levin's Crosstown Supply Corp.1347 Boston Rd, Bronx, NY 10456PPPTerm Loan1.0%6/1/20226.5 6.5 6.5 — %
Egan-Wagner Corporation2929 Two Paths Dr, Woodridge, IL 60517PPPTerm Loan1.0%6/1/20224.4 4.4 4.4 — %
Fedbiz Consulting Inc.47522 Coldspring Pl, Sterling, VA 20165PPPTerm Loan1.0%6/1/20224.3 4.3 4.3 — %
The On The Line Company, Inc101 Arch St, Ste 225, Boston, MA 02110PPPTerm Loan1.0%6/1/20229.7 9.7 9.7 — %
141
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
LG Networks Inc8111 Lyndon B Johnson Fwy, Ste 700, Dallas, TX 75251PPPTerm Loan1.0%6/1/202215.1 15.1 15.1 — %
Orange Park Travel3657 St Johns Ave, Jacksonville, FL 32205PPPTerm Loan1.0%6/2/20226.3 6.3 6.3 — %
Alessandra Santopietro88 Leonard St, Apt 517, New York, NY 10013PPPTerm Loan1.0%6/2/20221.8 1.8 1.8 — %
Pacific Design Directions, Inc.8171 E Kaiser Blvd, Anaheim, CA 92808PPPTerm Loan1.0%6/2/202244.6 44.6 44.6 0.01 %
Trapwire Inc.1818 Library St, Reston, VA 20190PPPTerm Loan1.0%6/2/202224.4 24.4 24.4 0.01 %
Chitra Kumar MD5311 John F. Kennedy Blvd, West New York, NJ 07093PPPTerm Loan1.0%6/2/20222.9 2.9 2.9 — %
Innervision Technology Relocation Company3780 Kilroy Airport Way, Ste 200-300, Long Beach, CA 90806PPPTerm Loan1.0%6/2/20227.4 7.4 7.4 — %
Marilyn Ontell Management14 W 17th St, Ste 5S, New York, NY 10011PPPTerm Loan1.0%6/2/20220.3 0.3 0.3 — %
Residential Origination Capital Mortgage Corp.5698 Pirrone Rd, Salida, CA 95368PPPTerm Loan1.0%6/2/20224.5 4.5 4.5 — %
TK Digital Corporation107 North 3rd St, Ste 3D, Brooklyn, NY 11249PPPTerm Loan1.0%6/2/202210.8 10.8 10.8 — %
Provino's of North Gwinnett, Inc.14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%6/2/202224.0 24.0 24.0 0.01 %
Zola Electric Labs, Inc.555 De Haro St, San Francisco, CA 94107PPPTerm Loan1.0%6/2/202250.0 50.0 50.0 0.01 %
St. Jude Emergency Medical Group Inc.9930 Research Dr, Irvine, CA 92618PPPTerm Loan1.0%6/2/202224.5 24.5 24.5 0.01 %
Spruce Street TapPO Box 1636, Asheville, NC 28802PPPTerm Loan1.0%6/2/202268.5 68.5 68.5 0.02 %
ICVM Group, INC.PO Box 761, Mattituck, NY 11952PPPTerm Loan1.0%6/2/20227.2 7.2 7.2 — %
Black Orchard Studios, LLC521 Eayrestown Rd, Southampton, NJ 08088PPPTerm Loan1.0%6/2/20221.0 1.0 1.0 — %
Wavecrest Sales LLC501 NE Wavecrest Way, Boca Raton, FL 33432PPPTerm Loan1.0%6/2/20222.0 2.0 2.0 — %
Alarm Specialist Inc333 Old Tarrytown Rd, White Plains, NY 10603PPPTerm Loan1.0%6/2/202220.0 20.0 20.0 0.01 %
RBR Associates, LLC11720 Dancliff Trce, Alpharetta, GA 30009PPPTerm Loan1.0%6/2/20222.1 2.1 2.1 — %
Joseph B. Krauss, DDS3351 El Camino Real, Ste 235, Atherton, CA 94027PPPTerm Loan1.0%6/2/20229.4 9.4 9.4 — %
Flynn Gallagher Associates LLC1980 Festival Plaza Dr, Ste 770, Las Vegas, NV 89135PPPTerm Loan1.0%6/2/202223.2 23.2 23.2 0.01 %
FGR Automation, LLC1800 Sunset Harbor, Unit 1202, Miami Beach, FL 33139PPPTerm Loan1.0%6/3/20227.1 7.1 7.1 — %
142
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Law Offices of Rajiv S Khanna PC5225 N. Wilson Blvd, Arlington, VA 22205PPPTerm Loan1.0%6/3/202231.3 31.3 31.3 0.01 %
El Tigre Productions LLC14 West 17th St., New York, NY 10011PPPTerm Loan1.0%6/3/20221.8 1.8 1.8 — %
Solomon Construction Consulting LLC38 Turtle Cove Ln, Huntington, NY 11743PPPTerm Loan1.0%6/3/20220.7 0.7 0.7 — %
New York Construction Associates LLC242 West 36th St., Ste 704, New York, NY 10018PPPTerm Loan1.0%6/3/20229.8 9.8 9.8 — %
Ultimate Sports Medicine3727 Buchanan St., Ste 203, San Francisco, CA 94123PPPTerm Loan1.0%6/3/20222.1 2.1 2.1 — %
Princeton Van Service92 north main St. bldg 4, WINDSOR, NJ 08561PPPTerm Loan1.0%6/3/20221.7 1.7 1.7 — %
Crescent Oil and Gas, LLC4925 Greenville Ave, Ste 600, Dallas, TX 75206PPPTerm Loan1.0%6/3/20222.1 2.1 2.1 — %
David H.C. King, M.D., Inc.320 Dardanelli Ln, Ste 23B, Los Gatos, CA 95032PPPTerm Loan1.0%6/3/20223.8 3.8 3.8 — %
Renuart Enterprises Inc. (REI)16950 SW 90th Ave, Palmetto Bay, FL 33157PPPTerm Loan1.0%6/3/20227.3 7.3 7.3 — %
Subterranean Hair263 W 7th St, San Pedro, CA 90731PPPTerm Loan1.0%6/3/20220.9 0.9 0.9 — %
Apache Behavioral Health Services, Inc.249 W Ponderosa St, Whiteriver, AZ 85941PPPTerm Loan1.0%6/3/2022241.1 241.1 241.1 0.07 %
HAssan Medical Pain Relief and Wellness Center. DBA: Hassan Spine and Sports Medicine316 Tennent Rd, Ste 202A, Morganville, NJ 07751PPPTerm Loan1.0%6/3/20221.5 1.5 1.5 — %
Mazco Ventures LLC3410 Montrose Blvd, Houston, TX 77006PPPTerm Loan1.0%6/3/20220.3 0.3 0.3 — %
Parenteau Guidance132 E 35th St, Apt 3J, New York, NY 10016PPPTerm Loan1.0%6/3/20220.9 0.9 0.9 — %
Paul Leitner MD8540 S Sepulveda Blvd, Ste 910, Los Angeles, CA 90045PPPTerm Loan1.0%6/3/20223.9 3.9 3.9 — %
Innovative Waste Solutions LLC10300 W Charleston Blvd, Ste 13-B4, Las Vegas, NV 89135PPPTerm Loan1.0%6/3/20220.3 0.3 0.3 — %
Mohlar Hurley Partners608 Santa Monica Blvd, Santa Monica, CA 90401PPPTerm Loan1.0%6/4/20221.8 1.8 1.8 — %
G2 Computers LLC1116 Taylorsville Rd, Washington Crossing, PA 18977PPPTerm Loan1.0%6/4/20222.4 2.4 2.4 — %
Children's Dispensary & Hospital Association812 E Lasalle Ave, South Bend, IN 46617PPPTerm Loan1.0%6/4/20222.2 2.2 2.2 — %
Realign by Randee, Inc.730 Crystal Ct, Weston, FL 33326PPPTerm Loan1.0%6/4/20220.4 0.4 0.4 — %
Chris Soukas Furs LLC1050 Point Seaside Dr, Crystal Beach, FL 34681PPPTerm Loan1.0%6/4/20224.2 4.2 4.2 — %
Metal Oxide Technologies LLC8807 Emmott Rd, Ste 100, Houston, TX 77040PPPTerm Loan1.0%6/4/202225.2 25.2 25.2 0.01 %
143
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Social Leadia427 Country Ln, Louisville, KY 40207PPPTerm Loan1.0%6/4/20220.6 0.6 0.6 — %
Prime Sales & Marketing, Inc.3211 University Blvd SE, Ste A, Albuquerque, NM 87106PPPTerm Loan1.0%6/4/202224.7 24.7 24.7 0.01 %
Vreeke & Associates845 E Easy St., Ste 101, Simi Valley, CA 93065PPPTerm Loan1.0%6/4/20228.8 8.8 8.8 — %
Lisa Segmiller17211 Bellhaven Walk Ct, Charllote, NC 28277PPPTerm Loan1.0%6/4/20221.2 1.2 1.2 — %
MAYATEX, INC.5015 S IH 35, Georgetown, TX 78626PPPTerm Loan1.0%6/4/20224.7 4.7 4.7 — %
Cartoon Collections, LLC155 E 44th St, 29th Floor, New York, NY 10017PPPTerm Loan1.0%6/4/20224.4 4.4 4.4 — %
Farrell Remodeling, Inc.148 2nd St, Los Altos, CA 94022PPPTerm Loan1.0%6/4/202215.4 15.4 15.4 — %
Aircel LLC3033 Riviera Dr, Ste 101, Naples, FL 34103PPPTerm Loan1.0%6/4/202235.0 35.0 35.0 0.01 %
Make 3 Architecture1075 Brady Ave NW, Atlanta, GA 30318PPPTerm Loan1.0%6/4/20224.0 4.0 4.0 — %
Eva Davis4403 Chase Ave, Bethesda, MD 20814PPPTerm Loan1.0%6/4/20222.1 2.1 2.1 — %
Unity Worldwide Ministries Eastern Region800 Blanton Ave, Richmond, VA 23221PPPTerm Loan1.0%6/4/20220.8 0.8 0.8 — %
Amanda Lopez23411 aliso viejo parkway, Aliso Viejo, CA 92656PPPTerm Loan1.0%6/4/20220.5 0.5 0.5 — %
Charm City Cakes2936 Remington Ave, Baltimore, MD 21211PPPTerm Loan1.0%6/4/20225.5 5.5 5.5 — %
James Reinish & Associates, Inc.25 E 73rd St, New York, NY 10021PPPTerm Loan1.0%6/5/20223.4 3.4 3.4 — %
Moody Creek Farms LLC31257 VIA MARIA ELENA, Bonsall, CA 92003PPPTerm Loan1.0%6/5/202235.4 35.4 35.4 0.01 %
YMCA of West San Gabriel Valley401 East Corto St., Alhambra, CA 91801PPPTerm Loan1.0%6/5/202215.7 15.7 15.7 — %
Laura A. Brevetti575 5th Ave, 14th Floor, New York, NY 10017PPPTerm Loan1.0%6/5/20223.0 3.0 3.0 — %
CATWALK, LLC fka VITRINE LLC4300 Stevens Creek Blvd, Ste 126, San Jose, CA 95129PPPTerm Loan1.0%6/5/20220.6 0.6 0.6 — %
Nezhat Medical Center P.C.5555 Peachtree Dunwoody Rd, Ste #276, Atlanta, GA 30342PPPTerm Loan1.0%6/5/20228.3 8.3 8.3 — %
MS-IR LLC88 Morningside Ave, Ste 7A, New York, NY 10027PPPTerm Loan1.0%6/5/20222.1 2.1 2.1 — %
PDT LLC2812 Rivers Edge Rd, Louisville, KY 40222PPPTerm Loan1.0%6/5/20223.3 3.3 3.3 — %
Hrach Khudatyan MD, Inc134 N Glendale Ave, Glendale, CA 91206PPPTerm Loan1.0%6/5/20223.3 3.3 3.3 — %
Corona Jackson Refrigeration Service, Inc.59-6 Central Ave, Farmingdale, NY 11735PPPTerm Loan1.0%6/5/20222.8 2.8 2.8 — %
144
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Seattle Ventures LLC2215 3rd Ave W, Seattle, WA 98119PPPTerm Loan1.0%6/5/20222.1 2.1 2.1 — %
CT Business Enterprises14703 Lyon Hill Ln, Huntersville, NC 28078PPPTerm Loan1.0%6/5/20220.5 0.5 0.5 — %
Statewide Interpreters63 Milland Dr, Mill Valley, CA 94941PPPTerm Loan1.0%6/5/202211.7 11.7 11.7 — %
The Fiedler Companies, Inc.408 E 134th St, Bronx, NY 10454PPPTerm Loan1.0%6/5/20225.9 5.9 5.9 — %
Precision Landscape Management Inc3130 Carter Jones Rd, Groveland, FL 34736PPPTerm Loan1.0%6/5/202219.0 19.0 19.0 0.01 %
Stonecrop Gardens Inc81 Stonecrop Ln, Cold Spring, NY 10516PPPTerm Loan1.0%6/5/202216.7 16.7 16.7 — %
Justin W McClung d/b/a The McClung Group55 N Altwood Cir, Spring, TX 77382PPPTerm Loan1.0%6/5/20224.2 4.2 4.2 — %
Grandview Advisors Inc.100 RIVERSIDE LN, Riverside, CT 06878PPPTerm Loan1.0%6/5/20221.5 1.5 1.5 — %
Andrew S. Gaffney Foundation245 South St, Morristown, NJ 07960PPPTerm Loan1.0%6/5/20221.4 1.4 1.4 — %
Ash Health Corp316 Tennent Rd, Ste 202A, Morganville, NJ 07751PPPTerm Loan1.0%6/5/20221.7 1.7 1.7 — %
SDG Engineering PC121 Huntington Rd, Port Washington, NY 11050PPPTerm Loan1.0%6/5/20228.5 8.5 8.5 — %
Landmark Technologies LLC4806 S St Andrews Ln, Spokane, WA 99223PPPTerm Loan1.0%6/5/20222.8 2.8 2.8 — %
LaFlower Construction, Inc.23888 Madison St, Torrance, CA 90505PPPTerm Loan1.0%6/5/20220.1 0.1 0.1 — %
Katherine W Luce1220 University Dr, Ste 104, Menlo Park, CA 94025PPPTerm Loan1.0%6/5/20221.3 1.3 1.3 — %
HYPRLABS INC.400 Concar Dr, San Mateo, CA 94402PPPTerm Loan1.0%6/5/202210.4 10.4 10.4 — %
Tmack Property Maintenance LLC14 Knollwood Dr, East Hanover, NJ 07936PPPTerm Loan1.0%6/5/20221.6 1.6 1.6 — %
Sea-Est Incorporated1741 W Beaver St, Jacksonville, FL 32209PPPTerm Loan1.0%6/8/202225.6 25.6 25.6 0.01 %
Gwinnett Cemeteries, LLC103 Crestview Church Rd, Warner Robins, GA 31088PPPTerm Loan1.0%6/8/202216.5 16.5 16.5 — %
Morgan Blakeley LLC255 Saint Paul St, Apt #220, Denver, CO 80206PPPTerm Loan1.0%6/8/20220.7 0.7 0.7 — %
John Merrick3209 Centenary Ave, Dallas, TX 75225PPPTerm Loan1.0%6/8/20222.0 2.0 2.0 — %
Music Center Inc. dba Haight Ashbury Music Center; dba Gelb Music722 El Camino Real, Redwood City, CA 94063PPPTerm Loan1.0%6/8/20229.5 9.5 9.5 — %
Korhan Beba17 Oak Hill Rd, Branchburg, NJ 08853PPPTerm Loan1.0%6/8/20220.5 0.5 0.5 — %
Grenville Owners Corp.225 Bennett Ave, Ste 1K, New York, NY 10040PPPTerm Loan1.0%6/8/20223.2 3.2 3.2 — %
145
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Camfed U.S.A. Foundation466 Geary St, Ste 400, San Francisco, CA 94102PPPTerm Loan1.0%6/8/202218.2 18.2 18.2 — %
National Roofing1237 Circle Ave, Forest Park, IL 60130PPPTerm Loan1.0%6/8/202252.5 52.5 52.5 0.01 %
Dental Designs of Naples5048 Tamiami Trail N, Naples, FL 34103PPPTerm Loan1.0%6/9/202221.1 21.1 21.1 0.01 %
HERBERT CHARLES SCHWAT1940 Biltmore St NW, Apt 32, Washington, DC 20009PPPTerm Loan1.0%6/9/20220.1 0.1 0.1 — %
ATL Advisory LLC76 Bellefair Rd, Rye Brook, NY 10573PPPTerm Loan1.0%6/9/20222.1 2.1 2.1 — %
Kushnika, Inc.14766 Live Oak Ln, Saratoga, CA 95070PPPTerm Loan1.0%6/9/20220.7 0.7 0.7 — %
G&A Rehab, Inc3333 Skypark Dr, Ste 220, Torrance, CA 90505PPPTerm Loan1.0%6/9/202215.8 15.8 15.8 — %
OCC installations12102 Manley St, Garden Grove, CA 92845PPPTerm Loan1.0%6/9/20220.7 0.7 0.7 — %
Charm City Cakes West8302 Melrose Ave, Los Angeles, CA 90069PPPTerm Loan1.0%6/9/20226.6 6.6 6.6 — %
Solstice Adventure, LLC1521 Alton Rd, #802, Miami Beach, FL 33139PPPTerm Loan1.0%6/9/20220.9 0.9 0.9 — %
Intrepid7 Quail Ridge Rd S, Rolling Hills, CA 90274PPPTerm Loan1.0%6/10/20226.9 6.9 6.9 — %
Cassidy Holdings, LLC7712 Hillside Dr, La Jolla, CA 92037PPPTerm Loan1.0%6/10/20221.2 1.2 1.2 — %
Mora Investment Management9 W Star Island Dr, Miami Beach, FL 33139PPPTerm Loan1.0%6/10/20221.2 1.2 1.2 — %
Mark Friedman210 W 101st St, Ste 5E, New York, NY 10025PPPTerm Loan1.0%6/10/20222.1 2.1 2.1 — %
Statement Lawn and Landscape, Inc.19520 W 95th St, Lenexa, KS 66220PPPTerm Loan1.0%6/11/20221.1 1.1 1.1 — %
Alexis D. Bodenheimer205 East 92nd St., Apt 27A, New York, NY 10128PPPTerm Loan1.0%6/11/20222.1 2.1 2.1 — %
Birdie Golf Ball Company208 Margate Ct, Margate, FL 33063PPPTerm Loan1.0%6/11/20220.9 0.9 0.9 — %
Amanda Reynal Interiors1417 Walnut St, Ste D, Des Moines, IA 50309PPPTerm Loan1.0%6/11/20221.8 1.8 1.8 — %
Clark A Miller Sales LTD1205 Tuscany Ct, Alpharetta, GA 30004PPPTerm Loan1.0%6/11/20220.6 0.6 0.6 — %
The Great Escape Room Tampa LLC300 E Madison St, #301, Tampa, FL 33602PPPTerm Loan1.0%6/11/20224.7 4.7 4.7 — %
Woodrow Orlando LLC DBA The Great Escape Room Orlando525 Woodstead Ct, Longwood, FL 32779PPPTerm Loan1.0%6/11/20222.0 2.0 2.0 — %
Mary Jane Marchisotto dba MJM Advisory, LLC245 E 87th St, Apt 9F, New York, NY 10128PPPTerm Loan1.0%6/11/20220.6 0.6 0.6 — %
Copperfield Investment & Development Company1721 Crystal Ann Ave, Las Vegas, NV 89106PPPTerm Loan1.0%6/12/20221.2 1.2 1.2 — %
146
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Score OKC18509 N Meridian Ave, Edmond, OK 73012PPPTerm Loan1.0%6/12/20223.0 3.0 3.0 — %
Lead Tek Plating27555 SW Boones Ferry Rd, Wilsonville, OR 97070PPPTerm Loan1.0%6/12/202220.0 20.0 20.0 0.01 %
Dan Counts & Associates, Inc.1780 Prescott Ave, Monterey, CA 93940PPPTerm Loan1.0%6/12/20221.1 1.1 1.1 — %
Diamondback Golf Course, LLC500 Harborview Dr, Third Floor, Baltimore, MD 21230PPPTerm Loan1.0%6/12/20227.6 7.6 7.6 — %
Orloff Eye Group, Inc.1 Plume Grass Way, Westhampton, NY 11977PPPTerm Loan1.0%6/15/20224.8 4.8 4.8 — %
The Great Escape Room New York LLC1150 University Ave Bldg 5, Ste 12A, Rochester, NY 14607PPPTerm Loan1.0%6/15/20222.2 2.2 2.2 — %
Bobbie Baron Inc.1633 BRdway, New York, NY 10019PPPTerm Loan1.0%6/15/20222.1 2.1 2.1 — %
DEAFLINK INC57 Ludlow Ln, Palisades, NY 10964PPPTerm Loan1.0%6/15/20221.3 1.3 1.3 — %
Joseph L. Lester, M.D., P.C.2201 Evans Dr, Opelika, AL 36801PPPTerm Loan1.0%6/15/20225.5 5.5 5.5 — %
Robert M. Tudisco, Esq.90 Stebbins Ave, Eastchester, NY 10709PPPTerm Loan1.0%6/16/20221.4 1.4 1.4 — %
Propel A Charter Management Group Inc5200 Irwindale Ave, Irwindale, CA 91706PPPTerm Loan1.0%6/16/202229.8 29.8 29.8 0.01 %
Sunburst Decorative Rock, Inc282 Live Oak Ave, Irwindale, CA 91706PPPTerm Loan1.0%6/16/202218.3 18.3 18.3 — %
Nancy R. Reinish336 Central Park West, New York, NY 10025PPPTerm Loan1.0%6/16/20222.1 2.1 2.1 — %
The Great Escape Room Chicago160 E Grand Ave, #400, Chicago, IL 60611PPPTerm Loan1.0%6/16/20223.9 3.9 3.9 — %
Daydream Reels LLC3615 N Kenilworth St, Arlington, VA 22207PPPTerm Loan1.0%6/16/20221.3 1.3 1.3 — %
C Sensei Group LLC1730 S Federal Hwy, Ste 280, Delray Beach, FL 33483PPPTerm Loan1.0%6/16/20222.1 2.1 2.1 — %
306 Hollywood LLC14 West 17th St., New York, NY 10011PPPTerm Loan1.0%6/17/20221.2 1.2 1.2 — %
The Nashville Dermatology And Skin Cancer Clinic, P.C.2222 State St, Ste A, Nashville, TN 37203PPPTerm Loan1.0%6/17/20224.4 4.4 4.4 — %
Harper Road Treatment Center1802 Harper Rd, Ste 202, Beckley, WV 25801PPPTerm Loan1.0%6/18/20222.6 2.6 2.6 — %
Sense Education, Inc.1 W 85th St, New York, NY 10024PPPTerm Loan1.0%6/18/202212.0 12.0 12.0 — %
PR Realty Management LLC2207 Coney Island Ave, Brooklyn, NY 11223PPPTerm Loan1.0%6/18/202219.2 19.2 19.2 0.01 %
Roadtrip Productions IncOne Penn Plaza, Ste 3500, New York, NY 10119PPPTerm Loan1.0%6/19/20222.1 2.1 2.1 — %
NTR Partners Administration LLC11726 San Vicente Blvd, Ste 290, Los Angeles, CA 90049PPPTerm Loan1.0%6/22/20223.5 3.5 3.5 — %
147
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Accrual Investments (4a)
Bartman Bros.11777 San Vicente Blvd, Ste 600, Los Angeles, CA 90049PPPTerm Loan1.0%6/22/20225.8 5.8 5.8 — %
Rajan Shah MD PA1060 BRd St, Newark, NJ 07102PPPTerm Loan1.0%6/22/20224.1 4.1 4.1 — %
Surco Products, Inc.14001 S Main St, Los Angeles, CA 90061PPPTerm Loan1.0%6/23/20227.5 7.5 7.5 — %
Joel Diaz Training Camp, LLC.40795 Adriatico Ct, Indio, CA 92203PPPTerm Loan1.0%6/23/20221.4 1.4 1.4 — %
John Berry Turbidy1501 Silver King Dr, Aspen, CO 81611PPPTerm Loan1.0%6/29/20222.1 2.1 2.1 — %
Debra L. Holt233 NW 36th St, Miami, FL 33127PPPTerm Loan1.0%6/30/20222.1 2.1 2.1 — %
Model Partner, LLC19 William Close Ct, Warwick, NY 10990PPPTerm Loan1.0%6/30/20222.1 2.1 2.1 — %
David Raksin1010 16th St, #543, San Francisco, CA 94107PPPTerm Loan1.0%7/9/20222.1 2.1 2.1 — %
JP Davis Farms10100 Suzanne Dr, River Ridge, LA 70123PPPTerm Loan1.0%7/15/20221.2 1.2 1.2 — %
Total SBA Guaranteed Accrual Investments$46,019.8 $46,019.8 $51,275.6 13.98 %


148
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Guaranteed Non-Accrual Investments (4b)
MIT LLC(*)11 North Peach ST., Medford, OR 97504Publishing Industries (except Internet)Term LoanPrime plus 2.75%3/31/2042254.7 254.7 254.7 0.07 %
Neville Galvanizing, Inc(*)2983 Grand Ave, Pittsburgh, PA 15225Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/15/2042707.1 707.1 707.1 0.19 %
Kneading Dough LLC dba NY Bagel Cafe & Deli,NY Bagle, New York Bagle,N(*)10287 Okeechobee Blvd #13, Royal Palm Beach, FL 33411Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/23/2029100.1 100.1 100.1 0.03 %
Chavero's Auto Mart LLC(*)1364 E Palma Vista Dr, Palmview, TX 78572Motor Vehicle and Parts DealerTerm LoanPrime plus 6.5%10/11/202912.5 12.5 12.5 — %
Softcare247 LLC(*)4191 Naco Perrin Blvd, San Antonio, TX 78217Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%9/11/202911.8 11.8 11.8 — %
Deer Valley Sport Shop LLC(*)507 Bamboo Rd, Boone, NC 28607Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 6.5%11/7/202912.0 12.0 12.0 — %
Total SBA Guaranteed Non-Accrual Investments$1,098.2 $1,098.2 $1,098.2 0.32 %
Total SBA Guaranteed Investments$47,118.0 $47,118.0 $52,373.8 14.28 %
Total SBA Unguaranteed and Guaranteed Investments$470,405.7 $470,405.7 $464,393.5 126.59 %
149
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
Controlled Investments (5) (22)
Advanced Cyber Security Systems, LLC(*,#) (6) (21)3880 Veterans Memorial Hwy. Suite 201, Bohemia, NY 11716Data processing, Hosting, and Related Services50% Membership Interest—%— — — — — %
Term Loan3%Dec 2014381.0 381.0 — — %
Automated Merchant Services, Inc.(*,#) (7) (21)12230 Forest Hill Blvd., Wellington, FL 33414Data processing, Hosting, and Related Services100% Common Stock—%— — — — — %
CDS Business Services, Inc.(*,#) (8)1985 Marcus Ave., Lake Success, NY 11042Securities, Commodity Contracts, and Other Financial Investments and Related Activities100% Common Stock—%— — 4,428.0 — — %
Line of Credit10%Dec 202118,460.0 18,460.0 14,800.0 4.03 %
Newtek Technology Solutions, Inc.(*,#) (25)1904 W. Parkside Lane Phoenix, AZ 85027Data processing, Hosting, and Related Services100% Common Stock—%— — 19,503.7 31,500.0 8.59 %
Line of Credit10%Nov 202810,361.0 10,821.0 10,821.0 2.95 %
Line of CreditPrime plus 0.5%April 2021750.0 750.0 750.0 0.20 %
Line of CreditPrime plus 0.5%July 2022100.0 225.0 225.0 0.06 %
Newtek Insurance Agency, LLC(*,#) (13)1981 Marcus Ave., Lake Success, NY 11042Insurance Carriers and Related Activities100% Membership Interest—%— — 135.0 2,150.0 0.59 %
PMTWorks Payroll, LLC(*,#) (9)1981 Marcus Ave., Lake Success, NY 11042Data processing, Hosting, and Related Services100% Membership Interest—%— — 1,878.1 — — %
Term Loan10%Oct 2021435.0 435.0 — — %
Term Loan10%May 2022750.0 750.0 — — %
Term Loan12%May 2022500.0 500.0 — — %
Term Loan10%July 20221,000.0 1,000.0 — — %
Small Business Lending, LLC(*,#) (12)1981 Marcus Ave., Lake Success, NY 11042Securities, Commodity Contracts, and Other Financial Investments and Related Activities100% Membership Interest—%— — 598.0 9,348.0 2.55 %
Term Loan10%June 2021400.0 400.0 400.0 0.11 %
ADR Partners, LLC dba banc-serv Partners, LLC(*,#) (26)8777 Purdue Rd, Indianapolis, IN 46268Securities, Commodity Contracts, and Other Financial Investments and Related Activities100% Membership Interest—%— — 7,085.2 — — %
Newtek Merchant Solutions, LLC(#) (11)1981 Marcus Ave., Lake Success, NY 11042Data processing, Hosting, and Related Services100% Membership Interest—%— — 16,438.0 111,500.0 30.39 %
Mobil Money, LLC(#) (17)1981 Marcus Ave., Lake Success, NY 11042Data processing, Hosting, and Related Services100% Membership Interest—%— — 2,980.0 2,500.0 0.68 %
150
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 Activities100% Membership Interest—%— — 44,262.0 49,262.0 13.43 %
Newtek Conventional Lending, LLC(#) (18) (23)1981 Marcus Ave., Lake Success, NY 11042Securities, Commodity Contracts, and Other Financial Investments and Related Activities50% Membership Interest—%— — 19,002.0 19,835.0 5.41 %
Titanium Asset Management, LLC(*,#) (14)1981 Marcus Ave., Lake Success, NY 11042Administrative and Support ServicesTerm Loan10%March 2023900.0 900.0 655.0 0.18 %
100% Membership Interest—%— — — — — %
Excel WebSolutions, LLC(*,#) (15)888 East Brighton Ave. Syracuse, NY 13205Data processing, Hosting, and Related ServicesTerm Loan10%Sept 2021159.2 159.2 — — %
100% Membership Interest—    — %
POS on Cloud, LLC(#) (20)1981 Marcus Ave., Lake Success, NY 11042Data processing, Hosting, and Related ServicesTerm Loan10%Sept 2023850.0 1,050.0 1,050.0 0.29 %
50.14% Membership Interest— — — — — %
Total Controlled Investments$35,046.2 $152,141.0 $254,796.0 69.45 %
151
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
MARCH 31, 2021
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
Non-Control Investments (22)
EMCAP Loan Holdings, LLC(+,#) (19) (16)1140 Reservoir Ave., Cranston, RI 02920Securities, Commodity Contracts, and Other Financial Investments and Related Activities6.04% Membership Interest—%— $— $1,000.0 $1,000.0 0.27 %
ARC Metal Stamping, LLC(#)4111 Munson Hwy, Hudson, MI 49247Machinery ManufacturingTerm Loan5 Yr Tr plus 7.43%1/1/20455,430.2 5,430.2 5,957.0 1.62 %
Total Non-Control Investments$5,430.2 $6,430.2 $6,957.0 1.90 %
Total Investments$510,882.1 $628,976.9 $726,146.5 197.94 %

^ 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 March 31, 2021 are based off a Prime Rate equal to 3.25% and 1 month LIBOR equal to 0.11113%, 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 three months ended March 31, 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 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.
152
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) 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.
153
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 March 31, 2021, 7.9% 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.
(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”) 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.
(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 March 31, 2021, the federal tax cost of investments was $629.0 million resulting in estimated gross unrealized gains and losses of $162.9 million and $57.4 million, respectively.


154
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
M2 Lumber LLC(#)110 Brick House Rd, Laurens, SC 29360Wood Product ManufacturingTerm LoanPrime 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 11753Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%12/31/2030691.5 691.5 583.2 0.17 %
LV Nails & SPA, LLC(#)10050 S Eastern Ave, Henderson, NV 89052Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/31/203067.5 67.5 56.9 0.02 %
TNJ Products, Inc.(#)4912 N Lincoln Ave, Ste 101, Chicago, IL 60625Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/31/2030215.0 215.0 187.3 0.06 %
LEILA ZAMIRI, DDS, INC.(#)5828 Cherry Ave., Long Beach, CA 90805Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/31/203075.0 75.0 76.2 0.02 %
Moran Tax & Accounting LLC(#)128 N Franklin St, Brazil, IN 47834Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/31/204518.0 18.0 19.3 0.01 %
Tissue Plus LLC F/K/A Soft Touch Tissue &Paper, LLC(#)491 Hammond St, Bangor, ME 4401Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/31/2045350.0 350.0 393.9 0.12 %
Seven C's Manufacturing, Inc(#)3895 Corsair St, Reno, NV 89502Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/31/2030550.0 550.0 508.1 0.15 %
The Spot Bar & Restaurant LLC(#)10540 State Rte 195, Killeen, TX 76542Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/31/204587.5 87.5 91.1 0.03 %
Hawthorne Food Company dba Eastern Standard Provis(#)117 Beaver St, Waltham, MA 2452Food ManufacturingTerm LoanPrime plus 2.75%12/31/2030875.0 875.0 739.1 0.22 %
Leila Zamiri, DDS, Inc(#)5828 Cherry Ave, Long Beach, CA 90805Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/31/2045156.3 156.3 175.9 0.05 %
Performance Online, Inc(#)1550 Melissa Ct, Corona, CA 92879Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%12/30/2030262.5 262.5 222.1 0.07 %
George Family Cremation and Burial LLC(#)1260 W Mission Ave, Escondido, CA 92029Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/30/2031102.3 102.3 91.6 0.03 %
Lightstat Inc.(#)22 W West Hill Rd, Barkhamsted, CT 6063Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/30/2030375.0 375.0 370.8 0.11 %
Eppy's Tool & Equipment Warehouse, Inc(#)809 East 42nd St, Brooklyn, NY 11210Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/30/2030261.0 261.0 220.2 0.06 %
Trident E&P, LLC(#)320 Circle of Progress, Pottstown, PA 19464Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/30/20301,250.0 1,250.0 1,131.4 0.33 %
NDRS Construction Inc.dba Disaster(#)18730 Cortez Blvd, Brooksville, FL 34601Construction of BuildingsTerm LoanPrime plus 2.75%12/30/203087.5 87.5 74.1 0.02 %
Shlama Two LLC dba Village Park Daycare(#)7440 Broadway, Merrillville, IN 46410Social AssistanceTerm LoanPrime plus 2.75%12/30/2045250.0 250.0 267.5 0.08 %
Educare Early Intervention, Corporation(#)4557 S Calumet Ave, Chicago, IL 60653Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/30/203058.8 58.8 49.5 0.01 %
Bourque Sales and Service Inc.(#)9160 Linwood Ave, Shevport, LA 71106Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/30/2045143.0 143.0 160.9 0.05 %
Vacation Link of Florida, Inc., Island Vacation and Cruises, Inc(#)501 N Wymore Rd, Winter Park, FL 32789Administrative and Support ServicesTerm LoanPrime plus 2.75%12/30/2030400.0 400.0 419.5 0.12 %
Petroleum Equipment & Services, Inc.(#)5631 Silverado Way, Anchorage, AK 99518Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/30/2030421.3 421.3 361.2 0.11 %
United Security Specialists, Inc.(#)275 Saratoga Ave. Ste 200, Santa Clara, CA 95050Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/30/2030116.5 116.5 98.3 0.03 %
155
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Bourque Sales and Service Inc(#)9160 Linwood Ave, Shreveport, LA 71106Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/30/2045145.8 145.8 164.0 0.05 %
Center of New England Primary Care Inc(#)775 Center of New New England Blvd, Coventry, RI 2816Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/30/2045421.8 421.8 474.8 0.14 %
Perfect Game Incorporated(#)850 Twixt Town Rd NE, Cedar Rapids, IA 52402Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/30/20301,250.0 1,250.0 1,161.9 0.34 %
Real Estate Personnel, Inc., Tara Matta and Sara Pierce(#)1758 Emerson St, Denver, CO 80218Administrative and Support ServicesTerm LoanPrime plus 2.75%12/30/20301,000.0 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 2816Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/30/2045454.7 454.7 511.7 0.15 %
SDI Black 011, LLC(#)1091 YONKERS AVE, YONKERS, NY 10704Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/30/20301,000.0 1,000.0 858.4 0.25 %
Bojax Auto Collision Inc(#)4706 Fernlee Ave., Royal Oak, MI 48073Repair and MaintenanceTerm LoanPrime plus 2.75%12/29/2045343.8 343.8 348.9 0.10 %
Khangri Sourcing Inc.(#)6021 129th. Ave SE, Bellevue, WA 98006Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/29/2030187.5 187.5 157.9 0.05 %
Litchy Electric L.L.C.(#)4495 W Hacienda Ave, #2, Las Vegas, NV 89118Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/29/2030100.0 100.0 86.0 0.03 %
The Mattress Center "LLC"(#)960 Los Vallecitos Blvd, San Marcos, CA 92069Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/29/203022.5 22.5 18.9 0.01 %
E R Kilpatrick, LLC dba Jefferson Street True Value(#)212 Greenwood St, La Grande, OR 97850Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/28/2030143.8 143.8 126.0 0.04 %
Sondra Gayle Insurance Agency Inc.(#)2107 Veterans Memorial Blvd, Metaire, LA 70002Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%12/24/20307.5 7.5 7.4 — %
Pittman Holdings LLC DBA Maple Bourbon(#)1116 E Main St, Richmond, VA 23219Food Services and Drinking PlacesTerm LoanPrime plus 6.5%12/23/203012.5 12.5 12.3 — %
Title2Land,LLC(#)11851 Wentling Ave, Baton Rouge, LA 70816Real EstateTerm LoanPrime plus 2.75%12/23/2045112.5 112.5 126.5 0.04 %
Spectrum Dynamics, Inc dba Clean Water Works(#)27727 Dalton Bluff Court, Katy, TX 77494Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/23/203012.5 12.5 12.3 — %
Summerfield Farm, Inc(#)24 Baker Rd, Pittstown, NJ 8867Support Activities for Agriculture and ForestryTerm LoanPrime plus 2.75%12/23/204558.8 58.8 66.1 0.02 %
SLCP Transport, LLC(#)111 Brentwood Drive, College Station, TX 77840Repair and MaintenanceTerm LoanPrime plus 2.75%12/23/203061.1 61.1 53.3 0.02 %
Terry A. Humphreys dba Tiki Torch Liquors(#)101 Dallas St., Talihima, OK 74571Food and Beverage Stores Term LoanPrime plus 6.5%12/23/203012.5 12.5 12.3 — %
NetLevel5 LLC dba Moutain Air Duct(#)4724 Poleplant Drive, Colorado Springs, CO 80918Administrative and Support ServicesTerm LoanPrime plus 2.75%12/23/203016.2 16.2 14.1 — %
KCL Business Service Inc.(#)1042 San Fernando Rd., San Fernando, CA 91340Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/23/203012.5 12.5 12.3 — %
Southeastern Esthetics Institute, LLC and Pura Medical Spa, Corp, LLC(#)1644 Main St Ste 1, Columbia, SC 29201Educational ServicesTerm LoanPrime plus 2.75%12/23/2030581.3 581.3 515.6 0.15 %
UBIF 86 CO dba UBREAKIFIX(#)1539 Town Center Drive, Lakeland, FL 33803Repair and MaintenanceTerm LoanPrime plus 2.75%12/23/203057.3 57.3 48.2 0.01 %
156
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Chris' Angels Cleaning Service LLC(#)2090 Dunwoody Club Drive, Sandy Springs, GA 30350Administrative and Support ServicesTerm LoanPrime plus 6.5%12/23/203012.5 12.5 12.3 — %
ASIL Ventures, LLC(#)444 N Michigan Ave, Ste 1200, Chicago, IL 60611Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/22/20304.3 4.3 4.2 — %
US Dedicated LLC(#)13410 SE 26th Cir, Vancouver, WA 98683Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/22/2030218.8 218.8 184.1 0.05 %
Price Educational Services, LLC dba Manthnasium of South OKC(#)10740 S May Ave, Oklahoma City, OK 73170Educational ServicesTerm LoanPrime plus 2.75%12/21/20308.4 8.4 7.4 — %
Lynch Mining LLC(#)7262 West Hunt Hwy, Queen Creek, AZ 85142Mining (except Oil and Gas)Term LoanPrime plus 2.75%12/21/2045364.5 364.5 383.0 0.11 %
N.W.F.F., Inc.(#)687 E. Central Ave, Sutherlin, OR 97479Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/204543.8 43.8 47.9 0.01 %
N.W.F.F., Inc. and Environmental Contracting Solutions, Inc.(#)687 E Central Ave, Sutherlin, OR 97479Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/2030775.0 775.0 684.4 0.20 %
Tahzoo LLC(#)1015 7th St NW, Washington, DC 20001Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/2030775.0 775.0 653.9 0.19 %
REST Enterprises Inc dba Upstyled Properties(#)1440 W Taylor St Unit 595, Chicago, IL 60607Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/203015.0 15.0 15.7 — %
Allied Molded Products, LLC, Clancy 15 LLC, and Crusader 5088, LLC(#)1145 13th Ave East, Palmetto, FL 34221Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/18/2030204.3 204.3 171.9 0.05 %
Code 3 Apps LLC.(#)843 Tempted Ways Dr, Longmont, CO 80504Publishing Industries (except Internet)Term LoanPrime plus 2.75%12/18/20307.5 7.5 6.3 — %
Katie Cox & Co. LLC(#)6605 Longshore ST, Ste 240, Dublin, OH 43017Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/20307.5 7.5 6.3 — %
RJL Texas International Corporation(#)17401 Triton,, Schertz, TX 78154Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/18/2030275.0 275.0 247.7 0.07 %
Neeld Rentals Inc dba Mills True Value Hardware(#)205 Clinton Blvd, Clinton, MS 39056Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/18/203012.0 12.0 10.1 — %
AccountPics, LLC(#)903 S WW White Rd, San Antonio, TX 78220Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/204580.0 80.0 87.6 0.03 %
Yu Chun Chic Naeng Myun Restaurant Inc.(#)1159 Kapiolani Blvd, Honolulu, HI 96814Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/18/203015.0 15.0 12.6 — %
Giant Development Inc and Crabtree Development Corp(#)509 Pylon Dr, Ste 110, Raleigh, NC 27606Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/18/20301,250.0 1,250.0 1,101.2 0.32 %
Pumpkin Patch Child Care and Early Education Center, LLC(#)310 Grove Beach Rd N, Westbrook, CT 6498Social AssistanceTerm LoanPrime plus 2.75%12/18/2045115.0 115.0 123.0 0.04 %
Yinlink International Inc(#)2 Corporate Drive, Suiite A, East Windsor, NJ 8512Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/18/2030125.0 125.0 113.7 0.03 %
R. LInda D. Herrera and Edgar E Herrera dba Integral Delivery(#)3100 Delaware Ave, Des Moines, IA 50313Truck TransportationTerm LoanPrime plus 2.75%12/18/2045225.0 225.0 241.4 0.07 %
Horne Chiropractic Center, P.A(#)3820 Mountain Rd, Stes B & C, Pasadena, MD 21122Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/18/2030100.0 100.0 84.2 0.02 %
157
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Last Touch LLC(#)927 E 10th St, Fairmont, MN 56031Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/18/204551.8 51.8 58.2 0.02 %
Splashlight Photographic & Digital Studios LLC ,Splashlight Technologies(#)75 Varick St, 3rd Floor, New York, NY 10013Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/20301,250.0 1,250.0 1,060.4 0.31 %
People United of Louisiana LLC(#)1401 Hudson Lane, Monroe, LA 71201Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/18/2030150.0 150.0 132.8 0.04 %
Flower City Customs Inc.(#)1805 Tebor Rd, Unit 4, Webster, NY 14580Repair and MaintenanceTerm LoanPrime plus 2.75%12/17/203010.5 10.5 8.8 — %
Anthony Connelly Holdings LLC(#)7260 Dean Martin Drive, Ste 800, Las Vegas, NV 89118Nonstore Retailers Term LoanPrime plus 2.75%12/17/2030250.0 250.0 210.4 0.06 %
Carolina Roofing Siding Painting LLC(#)204 Depot St, Camponbello, SC 29322Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/17/204515.0 15.0 15.8 — %
Savannah Area Language & Culture Exchange, LLC(#)6 Dovetail Crossing, Savannah, GA 31419Educational ServicesTerm LoanPrime plus 6.5%12/16/203012.5 12.5 12.3 — %
David M. Benson LLC(#)1422 Euclid Ave, Cleveland, OH 44115Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/16/203012.5 12.5 12.3 — %
Signature Graphic LLC(#)14425 N 79th St, Ste B, Scottsdale, AZ 85260Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/16/203085.0 85.0 71.6 0.02 %
McFarlin, LLP(#)4 Park Plz Ste 1025, Irvine, CA 92614Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/16/2030175.0 175.0 147.3 0.04 %
Highstar Travel Group, LLC(#)2869 Wilshire Drive, Ste 204, Orlando, FL 32835Administrative and Support ServicesTerm LoanPrime plus 2.75%12/16/203022.5 22.5 18.9 0.01 %
Vege Investments, LLC dba Sunoco Homestead(#)26400 SW 177th Ave, Homestead, FL 33031Gasoline Stations Term LoanPrime plus 6.5%12/16/203012.5 12.5 12.3 — %
Last Minute Effects Inc.(#)1016 Hamline Place, Burbank, CA 91504Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%12/15/203015.0 15.0 13.0 — %
Droplette Marketing Co(#)6481 Orangethorpe Ave. Ste. 12, Buena Park, CA 90620Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/14/20306.8 6.8 6.1 — %
Vector Utilities LLC(#)8501 San Gabriel Drive, Laredo, TX 78045Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/14/2030375.0 375.0 358.5 0.11 %
Efficient, Fast & Good Cleaning Services Inc(#)2444 NW 177th Terrace, Miami Gardens, FL 33056Administrative and Support ServicesTerm LoanPrime plus 2.75%12/14/20307.5 7.5 6.6 — %
Corple Enterprisees Inc(#)17887 US Hwy 380 West, Ponder, TX 76259Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%12/14/203062.5 62.5 53.0 0.02 %
Accommodating Financial & Tax Services, LLC(#)1642 Ralston Circle, Toledo, OH 43623Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/14/204542.3 42.3 46.5 0.01 %
Aeromax Industries Inc(#)1310 Ranchers Legacy Trail, Fort Worth, TX 76126Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%12/14/2030175.0 175.0 147.3 0.04 %
Jamali LLC dba Saahten(#)2741 Raceway Fairfield West, Pensacola, FL 32505Food Services and Drinking PlacesTerm LoanPrime plus 6.5%12/11/203012.5 12.5 12.3 — %
TJ Pant LLC and Tailored Cartage LLC(#)25993 US 12, Sturgis, MI 49091Truck TransportationTerm LoanPrime plus 2.75%12/11/203086.3 86.3 84.1 0.02 %
Premium Marketing Co. Inc. dba Vera Moore Cosmetics(#)4 Shadow Lane, Woodbury, NY 11797Health and Personal Care StoresTerm LoanPrime plus 2.75%12/11/203022.5 22.5 19.4 0.01 %
158
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Shattered Prism LLC(#)3333 Broadway, New York, NY 10031Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%12/11/20307.5 7.5 7.9 — %
Donald W. Harris dba Bowman Creek Mini Storage(#)1625 US-59 N, Linden, TX 75563Warehousing and StorageTerm LoanPrime plus 6.5%12/11/203012.5 12.5 12.3 — %
LTD Broadband, LLC(#)69 Teahouse St, Las Vegas, NV 89138TelecommunicationsTerm LoanPrime plus 2.75%12/10/20301,250.0 1,250.0 1,138.4 0.34 %
Just In Time Refrigeration LLC(#)6400 EDNA TAYLOR PKWY, MONONA, WI 53716Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/10/2045233.0 233.0 239.9 0.07 %
Inner Beauty Salon and Suite LLC(#)825 Beecher St SW, Atlanta, GA 30310Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/10/204565.0 65.0 73.1 0.02 %
M-Den, Inc(#)315 S. Main St, Ann Arbor, MI 48104Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%12/10/20301,150.0 1,150.0 1,106.1 0.33 %
LBR Partners LLC dba Techy(#)16430 Good Hearth Blouvard, Clermont, FL 34711Repair and MaintenanceTerm LoanPrime plus 2.75%12/9/203045.0 45.0 38.0 0.01 %
HWH Unlimited, Inc.(#)43386 Business Park Drive, Temecula, CA 92590Real EstateTerm LoanPrime plus 2.75%12/9/203075.0 75.0 78.5 0.02 %
Zebra House Coffee, LLC(#)1001 S El Camino Real, San Clemente, CA 92672Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/9/203045.0 45.0 37.9 0.01 %
Tortuga Backpacks LLC(#)340 South Lemon Ave, 7616, Walnut, CA 91789Nonstore Retailers Term LoanPrime plus 2.75%12/8/203050.0 50.0 42.1 0.01 %
CashLine Solutions, LLC(#)467741 E 1050 Rd, Sallisaw, OK 74955Administrative and Support ServicesTerm LoanPrime plus 2.75%12/7/203012.0 12.0 10.1 — %
Northeast Coverages Inc. and Southeast Coverages Inc.(#)910 Franklin Ave, Ste 210, Garden City, NY 11530Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%12/7/2030170.0 170.0 178.0 0.05 %
Travel with Love, LLC dba Style & The Storyteller(#)8465 W Sahara Ave, Ste 111, Las Vegas, NV 89117Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/4/20305.0 5.0 4.9 — %
Robert F. Johnson, Jr., dba R. Johnson Craftsmanship(#)346 Spring Garden Rd, Milford, NJ 8848Specialty Trade ContractorsTerm LoanPrime plus 6.5%12/4/203010.0 10.0 9.8 — %
Paradise RV Sales and Rentals LLC(#)7960 Dorchester Rd, North Charleston, SC 29418Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/4/20306.9 6.9 5.8 — %
Combs Creative LLC(#)157 Antler Ridge Circle,, Nashville, TN 37214Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/4/20305.5 5.5 5.4 — %
Perez Law Office, PLLC(#)80 N McClintock Dr, Chandler,, AZ 85226Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/4/204567.5 67.5 75.9 0.02 %
Indecon Builders Inc(#)1382 Valencia Ave, Ste N, Tustin, CA 92780Construction of BuildingsTerm LoanPrime plus 2.75%12/4/203050.0 50.0 42.1 0.01 %
Pacific Contours Corp(#)5340 E Hunter Ave, Anaheim, CA 92807Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%12/4/2030975.0 975.0 988.5 0.29 %
SME Business Services LLC(#)930 Chesaco Ave, Rosedale, MD 21237Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/3/203022.5 22.5 18.9 0.01 %
Tina D. Coker DBA Diane's Accounting Service(#)119 E Haywood St, England, AR 72046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/3/203012.5 12.5 12.3 — %
Moxie Marketing, LLC(#)51 Lee Dr, Palm Coast, FL 32137Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/3/2030125.0 125.0 105.2 0.03 %
159
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Staffhink Limited dba Owl Drone Services(#)4283 Deerfield Hills Rd, Colorado Springs, CO 80916Data Processing, Hosting, and Related ServicesTerm LoanPrime plus 2.75%12/3/20305.3 5.3 4.9 — %
American Retail Properties, Inc.(#)125 Main St 2nd Floor, Reading, MA 1867Real EstateTerm LoanPrime plus 2.75%11/30/203022.5 22.5 19.0 0.01 %
Jonathan J Klaczik LLC dba Veterans Fence Company(#)7417 Dover Lane, Parma, OH 44130Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/27/203022.5 22.5 20.2 0.01 %
Segreti Law Office, A Professional Corporation(#)350 10th Ave,Ste 1000, San Diego, CA 92101Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/27/203018.8 18.8 15.9 — %
Hartley S Johnson & Son, Inc. dba Mark T. Wendell Tea(#)14a Craig Rd, Acton, MA 1720Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/27/203040.0 40.0 34.0 0.01 %
LIAISON STAINLESS INC(#)630 James Lee Dr NW, Suwanee, GA 30024Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/25/203075.0 75.0 63.1 0.02 %
The Alder SmokeHouse LLC(#)1055 Virginia Ave, North Bend, OR 97459Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/25/203011.3 11.3 11.8 — %
Flex Beauty Labs, LLC(#)7512 Dr. Phillip Blvd, Orlando, FL 32819Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 6.5%11/24/203012.5 12.5 12.3 — %
Ellis Apex LLC dba Inage360 Marietta(#)2060 Franklin Way SE, Ste 150, Marietta, GA 30067Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%11/24/203092.3 92.3 78.1 0.02 %
Next Level Detailing, LLC(#)3235 Odeon Way, Ste 201-203, Acworth, GA 30102Repair and MaintenanceTerm LoanPrime plus 2.75%11/24/20307.5 7.5 6.3 — %
Dearly LOved Counseling, L.L.C(#)14052 N Dale Mabry Hwy, Ste 215, Tampa, FL 33618Social AssistanceTerm LoanPrime plus 6.5%11/24/203012.5 12.5 12.3 — %
Kendra Leigh Boyer, CPA(#)5068 Dupont Court E, Santa Rosa, CA 95409Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%11/20/203012.5 12.5 12.3 — %
Craniologie, LLC(#)225 Wall St, Ste 102A, Vail, CO 81657General Merchandise Stores Term LoanPrime plus 6.5%11/20/203012.5 12.5 12.3 — %
Thompson Enterprises of Florida LLC dba TCBY FROZEN YOGURT(#)14543 SW 5th St, Pembroke Pines, FL 33027Food and Beverage Stores Term LoanPrime plus 2.75%11/20/203014.7 14.7 12.4 — %
Prosperity Tool, Inc(#)2006 National Guard Drive, Plant City, FL 33563Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/19/2045300.0 300.0 335.4 0.10 %
Green Farm Inc dba Farmers Outlet(#)1018 W SR 424 Ste 100, Longwood, FL 32750Food and Beverage Stores Term LoanPrime plus 6.5%11/19/203012.5 12.5 12.3 — %
The Number Masters(#)3325 Highland St, Grove City, OH 43123Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/18/203017.4 17.4 14.6 — %
Italian Heritage Tile and Stone Inc(#)4725 Morgan Territory Rd, Clayton, CA 94517Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/18/203078.8 78.8 66.3 0.02 %
T.S.I.-VA, LLC and Alpha Business Services Inc.(#)2525 Pointe Center Court, Ste 200, Dumfries, VA 22026Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/17/2030109.5 109.5 92.2 0.03 %
Master Printing and Signs Corp & Artishirt Co.(#)386 Squire Rd, Revere, MA 2151Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%11/10/2045200.9 200.9 218.5 0.06 %
Modutech Marine Inc(#)2218 Marine View Drive, Tacoma, WA 98422Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%11/9/2030400.0 400.0 418.9 0.12 %
Paws For Health of Florida LLC(#)4588 Ashton Rd, Sarasota, FL 34233Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/5/203057.5 57.5 48.5 0.01 %
160
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 33467Administrative and Support ServicesTerm LoanPrime plus 2.75%11/4/203052.5 52.5 46.1 0.01 %
GoodGuyS Enterprises Inc dba Goodguys;Good Guy Enterprises;Good Guys(#)1071 Serpentine Lane, Pleasanton, CA 94566Administrative and Support ServicesTerm LoanPrime plus 2.75%11/4/2030500.0 500.0 523.6 0.15 %
Supersonic Cleaning Services Inc(#)36 Seitz Terrace, Arlington, NY 12603Administrative and Support ServicesTerm LoanPrime plus 2.75%10/29/203038.5 38.5 33.0 0.01 %
Third Day Lubes, Inc.(#)450 GA- 53, Calhoun, GA 30701Repair and MaintenanceTerm LoanPrime plus 2.75%10/28/203022.4 22.4 23.4 0.01 %
Marcus Horn dba Versatile Styles and Cuts(#)2018 24th Ave, Meridian, MS 39301Personal and Laundry ServicesTerm LoanPrime plus 2.75%10/15/204510.5 10.5 11.2 — %
RYAN & CONLON, LLP(#)2 Wall St, Apt 710, New York, NY 10005Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/14/2030521.8 521.8 439.2 0.13 %
Shades of U, Inc. dba Diva by Cindy(#)15212 Hanover Pike, Upperco, MD 21155Health and Personal Care StoresTerm LoanPrime plus 2.75%10/9/204589.9 89.9 96.4 0.03 %
Snow Lodge, LLC(#)115 County Rd 725, Sweeny, TX 77480AccommodationTerm LoanPrime plus 2.75%10/8/204549.9 49.9 55.1 0.02 %
VIP Lawn Care Services LLC dba VIP Services(#)3875 Fay Blvd, Cocoa, FL 32927Administrative and Support ServicesTerm LoanPrime plus 2.75%10/8/203018.9 18.9 16.1 — %
KTF Consulting Corp(#)2471 N Geneva Terrace, Chicago, IL 60614Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/6/203074.5 74.5 78.1 0.02 %
The Hall at the Yard LLC dba The Hall on the Yard(#)1412 Alden Rd, Orlando, FL 32803Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/2/2031253.9 253.9 218.2 0.06 %
Hazleton Oil & Environmental, Inc(#)300 Tamaqua St, Hazleton, PA 18201Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/25/20451,081.9 1,081.9 1,203.3 0.35 %
South Park Hardware, LLC(#)16074 South Park Ave, South Holland, IL 60473Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%9/25/204573.8 73.8 83.0 0.02 %
7PSolutions, LLC(#)136 North Van Buren St, Nashville, IN 47448Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/25/203049.4 49.4 41.8 0.01 %
Babys on Broadway LLC(#)47 East Broadway, Little Falls, MN 56345Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%9/25/203074.1 74.1 63.8 0.02 %
Blakeslee Arpaia Chapman, Inc and Chapman Construction Services, LLC(#)200 North Branford Rd, Branford, CT 6405Construction of BuildingsTerm LoanPrime plus 2.75%9/24/2030370.4 370.4 358.2 0.11 %
Resolve Tech Solutions Inc(#)15851 Dallas Pkwy, Ste 1103, Addison, TX 75001Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/24/2030741.0 741.0 674.5 0.20 %
 BulkMore LLC(#)12741 Ocean Gateway, Ocean City, MD 21842Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/18/2030149.1 149.1 130.2 0.04 %
Mister Dexters LTD dba Shuga's(#)702 S. Cascade Ave, Colorado Springs, CO 80903Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/28/204557.3 57.3 60.9 0.02 %
Mister Dexters LTD dba Shuga's(#)702 S Cascade Ave, Colorado Springs, CO 80903Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/28/2030180.4 180.4 151.6 0.04 %
Heriz Gallery Inc dba Pineville Rug Gallery(#)312 Main St, Pineville, NC 28134Textile Product MillsTerm LoanPrime plus 2.75%4/6/204598.6 98.6 105.8 0.03 %
Alliance Heating & Air Conditioning, Inc.(#)10 Brookfield Ave, Bridgeport, CT 6610Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/6/2030726.1 726.1 607.0 0.18 %
161
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Terry and Tammy Jacobsen, Inc dba Appliance Recycling(#)10105 Airport Way, Snohomish, WA 98296Electronics and Appliance StoresTerm LoanPrime plus 2.75%4/3/2030325.1 325.1 270.4 0.08 %
Terry & Tammy Jacobsen, Inc.dba Appliance Recycling Outlet(#)10105 Airport Way, Snohomish, WA 98296Electronics and Appliance StoresTerm LoanPrime plus 2.75%4/3/2045839.8 839.8 863.0 0.25 %
Profit Stewards, LLC(#)458 Schuylkill Rd, Phoenixville, PA 19460Repair and MaintenanceTerm LoanPrime plus 2.75%4/2/203041.7 41.7 35.7 0.01 %
AOC Key Solutions, Inc(#)14420 Albemarle Point Place, Ste 200, Chantilly, VA 20151Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/2/2030722.5 722.5 670.3 0.20 %
Caplan Home Care, LLC(#)6029 Berkshire Lane, Dallas, TX 75225Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/1/2045868.5 868.5 906.8 0.27 %
JS Randhawa, Inc. dba Deli Delicious 34, SK Randhawa Inc. HSR Inc(#)570 W Olive Ave,, Merced, CA 95348Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/31/203095.0 95.0 85.5 0.03 %
Montana Custom Log Homes, Inc.(#)2036 US Hwy 93 North, Victor, MT 59875Wood Product ManufacturingTerm LoanPrime plus 2.75%3/31/2045361.8 361.8 397.7 0.12 %
Blackwater Diving LLC(#)112 Forrest Rd, Morgan City, LA 70380Support Activities for MiningTerm LoanPrime plus 2.75%3/30/2030352.0 352.0 311.0 0.09 %
Suburban Transmission of Northern Illinois, Inc.(#)1714 E Oakton St, Des Plaines, IL 60018Repair and MaintenanceTerm LoanPrime plus 2.75%3/27/2045148.2 148.2 163.7 0.05 %
Tomco Inc. dba Rental City dba Tomco Equiptment Sales(#)6470 State St, Saginaw, MI 48603Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/27/203021.4 21.4 17.7 0.01 %
Dunaway and Hart, Inc(#)575 Harkrider St, Conway, AR 72032Real EstateTerm LoanPrime plus 2.75%3/26/203047.5 47.5 39.4 0.01 %
Supermarket Source, Inc(#)2741 West 76th St, Hialeah, FL 33016Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/24/2030201.9 201.9 209.7 0.06 %
Kris-Leigh Catered Living at Severna Park,LLC(#)831 Richie Hwy, Severna Park, MD 21146Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%3/20/2030504.3 504.3 523.9 0.15 %
Patoruzu Inc dba Sharkey's Cuts for Kids(#)18121 Tuckerton Rd, Ste 130, Cypress, TX 77433Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/20/203012.9 12.9 10.8 — %
Firefly Developement LLC dba Firefly Earthworks(#)4810 Vicksburg St, Dallas, TX 75207Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/19/2045294.9 294.9 299.1 0.09 %
Coffeestamp LLC(#)2511 S Jefferson Ave, St. Louis, MO 63104Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/17/20304.3 4.3 3.9 — %
Mid Ohio Hospitality, LLC dba Bucks Bar and Grill(#)192 E Main St, Mansfield, OH 44904Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/17/2045226.5 226.5 252.9 0.07 %
Forest Scientific Corporation(#)668 Elm St, Tionesta, PA 16353Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/17/203071.2 71.2 74.0 0.02 %
Kanga Lean, Inc. dba F45 Training Trinity(#)3139 Little Rd Space A-5, Trinity, FL 34655Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/16/203055.0 55.0 48.0 0.01 %
Integrated Equipment Inc; Intergrated Elastomers Inc(#)5701 Brittmoore Rd, Houston, TX 77041Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/13/20451,238.7 1,238.7 1,383.1 0.41 %
Stretch of NW Georgia, LLC dba Stretch Zone(#)1430 Towne Lake Parkway, Ste 26100, Woodstock, GA 30189Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/13/203014.0 14.0 11.6 — %
Signet Media dba Signet Media inc.(#)630 S 1st St, San Jose, CA 95113Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/13/2030327.5 327.5 340.2 0.10 %
162
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Astoria-Pacific Inc(#)15130 SE 82nd Dr, Clackamas, OR 97015Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%3/13/2030118.7 118.7 123.4 0.04 %
Mark Allen Taylor dba Taylor Auction(#)20 & 68 Westfield Rd, Nicholls, GA 31554Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/13/2030132.0 132.0 116.9 0.03 %
Rapid Trucking and(#)4225 W Capitol Ave, West Sacramento, CA 95691Truck TransportationTerm LoanPrime plus 2.75%3/13/2045753.2 753.2 841.1 0.25 %
Native Fields Landscaping LLC and My Two Girls LLC(#)73 Taylor Rd, Wharton, NJ 7885Administrative and Support ServicesTerm LoanPrime plus 2.75%12/13/2045531.3 531.3 547.7 0.16 %
GQ Investments LLC(#)5772 Miami Lakes Drive, Miami Lakes, FL 33014Electrical Equipment, Appliance, and Component ManufacturingTerm LoanPrime plus 2.75%3/12/2030142.5 142.5 118.3 0.03 %
C3 Capital, Inc(#)10010 North Hampton Cove Lane, Indianapolis, IN 46236Nonstore Retailers Term LoanPrime plus 2.75%3/11/2030537.9 537.9 531.4 0.16 %
Quarles Service Systems, Inc.(#)1740 September Ave, Memphis, TN 38116Administrative and Support ServicesTerm LoanPrime plus 2.75%3/10/204595.0 95.0 99.7 0.03 %
Blue Dot Trading Inc(#)3100 NW 72nd Ave, Miami, FL 33122Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/10/203053.4 53.4 44.4 0.01 %
The Ugly Mug's Coffee and Tea Inc.(#)1390 Broadway Ste C, Placerville, CA 95667Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/9/203036.2 36.2 30.1 0.01 %
Peter & Suzanne Scott, Inc., Phillip Showen & Bryan Phelan(#)2342 NY- 37, Port Covington, NY 12937Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/6/2030133.0 133.0 130.4 0.04 %
KR Enterprises, Inc. dba Carriage Inn(#)1065 Tower Hill Rd, North Kingstown, RI 2852AccommodationTerm LoanPrime plus 2.75%3/6/2045316.1 316.1 328.2 0.10 %
Outcome Driven Innovation dba Spracht; Celltek, ODI, ODI Security(#)974 Commercial St, Palo Alto, CA 94303Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/6/2030364.3 364.3 302.4 0.09 %
Advans IT Services, Inc.(#)65 Boston Post Rd W Ste 390, Marlborough, MA 1752Other Information ServicesTerm LoanPrime plus 2.75%3/6/2030118.1 118.1 98.1 0.03 %
Big Brand Management LTD. CO. dba Ivox Media(#)512 E 11th St, Houston, TX 77008Real EstateTerm LoanPrime plus 2.75%3/6/203063.0 63.0 59.4 0.02 %
Minifox Inc. dba Pho Hoa and Jazen Tea(#)10624 South Eastern Ave Stes R & S, Hendersen, NV 89502Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/5/203071.2 71.2 60.2 0.02 %
Jones Roger Sherman Inn, Inc. dba Jones Roger Sherman Inn(#)195 Oenoke Ridge, New Canaan, CT 6840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/4/203028.8 28.8 29.9 0.01 %
Chet Lemon Enterprises, Inc. dba All American Sports(#)1544 Lane Park Cut off, Tavares, FL 32778Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/3/2031207.3 207.3 216.7 0.06 %
14th State Learning, LLC dba Sylvan Learning, LLC(#)1 Market Pl #10, Essex Junction, VA 5452Educational ServicesTerm LoanPrime plus 2.75%3/2/203048.3 48.3 40.6 0.01 %
LCSM Logistics Inc(#)15735 Spectrum Drive, Addison, TX 75001Couriers and MessengersTerm LoanPrime plus 2.75%2/28/203080.2 80.2 66.6 0.02 %
Toju Bay Inc. dba Fiesta Americana Restaurand and Club(#)1622-1624 N. Mannheim Rd, Stone Park, IL 60165Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/2045450.0 450.0 489.2 0.14 %
Custom Garages(#)110 2nd Ave South, Pacheco, CA 94553Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/28/2030131.0 131.0 113.8 0.03 %
163
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Breakers Electric, LLC dba Merrill Sports(#)13600 Mustang Drive, Mead, CO 80542Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/27/20309.9 9.9 8.2 — %
Crux Solutions LLC dba Waddell's Riverside Funeral Directors(#)6938 Westover St, Houston, TX 77087Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/27/204579.9 79.9 85.0 0.03 %
GRSC, Inc.(#)1643 NW Dove Ct, Stuart, FL 34994Construction of BuildingsTerm LoanPrime plus 2.75%2/27/203021.2 21.2 19.0 0.01 %
Feras Alshadaida dba Allura Dairy(#)8809 N Grove Ave, Rancho Cucamonga, CA 91730Food and Beverage Stores Term LoanPrime plus 2.75%2/26/203057.1 57.1 49.4 0.01 %
M & L ENTERPRIZES, LLC(#)2401 Wrightsville Ave, Wilmington, NC 28403Food and Beverage Stores Term LoanPrime plus 2.75%2/26/203047.1 47.1 49.0 0.01 %
Abe Chahrour Investment, LLC(#)4001 S Wayne Rd, Wayne, MI 48154Administrative and Support ServicesTerm LoanPrime plus 2.75%2/25/204521.9 21.9 24.4 0.01 %
Bora Enterprises, LLC(#)44255-B Fremont Blvd,, Fremont, CA 94538Truck TransportationTerm LoanPrime plus 2.75%2/21/203012.0 12.0 10.0 — %
Skimino Enterprises LLC(#)197 Ewell Rd, Williamsburg, VA 23188Support Activities for TransportationTerm LoanPrime plus 2.75%2/21/203070.7 70.7 58.8 0.02 %
Bell Oak LLC dba Bell Oak Academy & Paradise Strategics LLC(#)7215 Waelti Drive, Melbourne, FL 32940Social AssistanceTerm LoanPrime plus 2.75%2/21/2045374.1 374.1 376.7 0.11 %
Sherwood Sporthorses Inc.(#)20502 Forestview, Magnolia, TX 77355Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/21/2046205.3 205.3 229.6 0.07 %
Alex Roit Chiropractic, P. C(#)55 Northern Blvd, Ste 103, Great Neck, NY 11021Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/19/203018.8 18.8 15.6 — %
Little Feet Academy of Jacksonville, LLC(#)10265 Normandy Blvd, Jacksonville, FL 32221Social AssistanceTerm LoanPrime plus 2.75%2/17/204546.6 46.6 47.8 0.01 %
Romo Medical Equiptment LLC(#)3453 North Panam Expressway, San Antonio, TX 78219Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%2/14/2030471.5 471.5 391.4 0.12 %
All Modes Transportation & Logistics LLC(#)4313 Collingtree Drive, Rockledge, FL 32955Support Activities for TransportationTerm LoanPrime plus 6.5%2/14/203011.9 11.9 11.4 — %
Lesher Transportation and Shipping, LLC(#)116 North Austin St, Oak Grove, MO 64075Truck TransportationTerm LoanPrime plus 2.75%2/13/203013.5 13.5 12.8 — %
Red Rock Government Serviice, LLC(#)45240 Business Court, Sterling, VA 20166Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/13/2030161.7 161.7 149.2 0.04 %
Shaw, Ltd dba Fitness 1440 North Coventry(#)54-58 Glocker Way, Pottstown, PA 19465Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/13/203057.3 57.3 50.3 0.01 %
Damiano Global Corp.(#)333 Birch Hills Dr, Rochester, NY 14622Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/10/203047.1 47.1 39.1 0.01 %
Fortson Janitorial Inc(#)462-482 Chattahoochee St, Cornelia, GA 30531Nonstore Retailers Term LoanPrime plus 2.75%2/5/2045106.0 106.0 118.4 0.03 %
2'N1 Home and lawn LLC dba N1 Home an Lawn LLC(#)1300 Ridenour Blvd, Kennesaw, GA 30152Administrative and Support ServicesTerm LoanPrime plus 6.5%2/3/203011.9 11.9 11.4 — %
A1 Radon Services, LLC(#)9980 Dell Rd, Eden Prairie, MN 55347Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%1/31/203084.1 84.1 69.8 0.02 %
Thisaflycloset, LC(#)12408 Kingsview St, Bowie, MD 20721Clothing and Clothing Accessories Stores Term LoanPrime plus 6.5%1/30/203011.8 11.8 11.3 — %
164
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Adorable Home Heath Care LLC(#)6110 W Capitol Drive, Milwaukee, WI 53216Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/30/203039.4 39.4 32.7 0.01 %
3 Fat Labs Inc. and Energy Conservation Solution Inc.(#)2001 S County Rd 400 W, Greencastle, IN 46135Rental and Leasing ServicesTerm LoanPrime plus 2.75%1/30/2045277.0 277.0 286.9 0.08 %
AA WST LLC(#)321 White Dogwood Lane, Ocoee, FL 34761Nonstore Retailers Term LoanPrime plus 2.75%1/30/203020.8 20.8 19.1 0.01 %
Daftarnow Inc dba Venture X Parsippany(#)8 Campus Drive. Ste 105, Parsippany, NJ 7054Real EstateTerm LoanPrime plus 2.75%7/30/2030181.8 181.8 151.5 0.04 %
Spinnaker PSL Inc., Spinnaker Subs- N-Shine& Spinnaker Vero Inc(#)6967 Hancock Drive, Port St Lucie, FL 34952Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%1/30/2045312.2 312.2 317.2 0.09 %
Codame Enterprises LLC dba Firehouse Subs(#)1547 Main St, Dunedin, FL 34698Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/29/203099.1 99.1 82.3 0.02 %
Havana Knights LLC(#)65 Lindsey Lane, Havana, FL 32333Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/27/203037.0 37.0 33.3 0.01 %
Amina Financial Solutions LLC dba Expat Tax Solutions(#)1433 Chestnut St, Macon, GA 31201Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/24/203019.7 19.7 16.3 — %
Affinity Integrated Solutions Inc.(#)115 Pomona Drive, Greensboro, NC 27402Administrative and Support ServicesTerm LoanPrime plus 2.75%1/23/2045295.5 295.5 305.8 0.09 %
Affinity Integrated Solutions Inc(#)115 Pomona Drive, Greensboro, NC 27407Administrative and Support ServicesTerm LoanPrime plus 2.75%1/23/2030210.8 210.8 175.0 0.05 %
Align Sports Management, LLC(#)15822 Caminito Cantaras, Del Mar, CA 92014Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%1/22/203021.1 21.1 17.6 0.01 %
Emmalina LLC(#)3602 Rock Bay Drive, Louisville, KY 40245Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/21/20306.2 6.2 5.8 — %
Motorsport Imagery, Inc(#)16362 Cherokee Rd, Brooksville, FL 34601Apparel ManufacturingTerm LoanPrime plus 2.75%1/17/203021.1 21.1 18.8 0.01 %
Lyon Cubs LLC dba Dayton Valley Learning Center(#)357 Dayton Valley Rd, Dayton, NV 89403Social AssistanceTerm LoanPrime plus 2.75%1/16/2045165.3 165.3 171.6 0.05 %
VetMed LLC(#)908 4th Ave, Decatur, AL 35601Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/10/203082.0 82.0 68.1 0.02 %
Jordi X Kellogg, M.D.,P.C(#)9200 SE 91st Ave STE 340, Happy Valley, OR 97086Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/10/203058.6 58.6 48.6 0.01 %
Luster Custom Homes LLC(#)18801 North Thompson Peak Parkway, Ste 240, Scottsdale, AZ 85255Construction of BuildingsTerm LoanPrime plus 2.75%1/10/203043.3 43.3 36.0 0.01 %
CV Flores LLC dba A All Animal Control(#)2140 E Southlake Blvd L-503, Southlake, TX 76092Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/9/20305.2 5.2 4.5 — %
Global Information Technology, Inc(#)1 Cragwood Rd, Ste 101, South Plainfield, NJ 7080Administrative and Support ServicesTerm LoanPrime plus 2.75%12/31/2029528.3 528.3 438.6 0.13 %
Nick's Country Kitchen, LLC(#)3 Flanders Rd, Bethlehem, CT 6751Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/31/2044282.8 282.8 298.0 0.09 %
Bearwaters Brewing Company(#)101 Park St, Canton, NC 28716Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/31/2044253.3 253.3 273.0 0.08 %
Pecos Entertainment LLC dba State Theater(#)421 South Oak St, Pecos, TX 79772Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%12/31/2029123.6 123.6 128.4 0.04 %
165
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Kwik Stop dba Dilpreet Hundai(#)1001 Sacramento Ave, West Sacramento, CA 95605Gasoline Stations Term LoanPrime plus 2.75%12/30/2044238.0 238.0 245.0 0.07 %
Jauchem & Meeh Inc.dba Gregory Meeh Design;Jermy Chernick Design(#)524 Sackett St, Brooklyn, NY 11217Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/30/2029256.0 256.0 239.7 0.07 %
VIP Construction Group Inc.(#)3332 W Mulberry Drive, Mequon, WI 53092Construction of BuildingsTerm LoanPrime plus 2.75%12/30/202958.2 58.2 60.4 0.02 %
Kiddie Garden Child Development Center, LLC(#)2809 W. Atkinson Ave, Milwaukee, WI 53209Social AssistanceTerm LoanPrime plus 2.75%12/30/204442.3 42.3 45.6 0.01 %
Spinnaker Vero Inc.(#)983 12th St, Vero Beach, FL 32960Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%12/30/2044775.8 775.8 779.8 0.23 %
Larry J. Frick dba L & S Trucking(#)157571 E Wausau Ave, Wausau, WI 54403Truck TransportationTerm LoanPrime plus 2.75%12/30/202946.1 46.1 41.4 0.01 %
Home Decor Liquidators, LLC dba Home Decor Outlets;Home Decor Mattress(#)8780 Pershall Rd, Hazelwood, MO 63042Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/30/2029930.6 930.6 804.1 0.24 %
Vance Ewing LLC(#)22940 Harlan Ln, St. Robert, MO 65584Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/30/2029104.7 104.7 108.8 0.03 %
Mankamana Holdings, LLc dba Perfect Brow Art, Mankamana Holdings, LLC(#)7302 Kirby Ave, Lubbock, TX 79424Gasoline Stations Term LoanPrime plus 2.75%12/27/2029128.0 128.0 119.5 0.04 %
Irony LLC dba Mulberry’s Garment Care(#)2579 Fairview Ave North, Roseville, MN 55113Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/27/2029977.4 977.4 817.3 0.24 %
QXC Communications, Inc(#)4541 N Dixie Hwy, Boca Raton, FL 33431TelecommunicationsTerm LoanPrime plus 2.75%12/27/2029488.8 488.8 405.0 0.12 %
Tatoo Tony's Under My Skin LLC(#)73 Memorial Parkway, Atlantic Highlands, NJ 7716Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/27/204498.4 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 33467Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2029173.4 173.4 151.7 0.04 %
313 Air Duck LLC dba Jouny Cleaning Services, M & J Restoration Emerge(#)25150 W Warren Ave., Dearborn Heights, MI 48127Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2029150.8 150.8 135.0 0.04 %
313 Air Duct LLC Dba Jouny Cleaning Services, M & J Restoration Emerge(#)25150 W Warren Ave., Dearborn Heights, MI 48127Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2044245.9 245.9 261.0 0.08 %
American Landscaping Company(#)6151 S St, Anchorage, AK 99518Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2029300.4 300.4 290.5 0.09 %
American Landscaping Company and Ground Effects Landscaping, LLC(#)6151 A St, Anchorage, AK 99518Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2044636.1 636.1 695.3 0.20 %
Watearth Inc(#)3371 Glendale Blvd Ste 208, Los Angeles, CA 90039Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/27/202943.5 43.5 36.1 0.01 %
Protek Pest Control, Inc. Pro-tek Nurseries LLC, Pro-Tek Irrigation(#)8712 60TH TER South, Lake Worth, FL 33467Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2044140.2 140.2 153.4 0.05 %
166
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 33065Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/27/2044117.0 117.0 120.9 0.04 %
K&S Hardware LLC dba Gopher Ace(#)1865 Wayzata Blvd, Long Lake, MN 55356Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/27/202958.2 58.2 55.9 0.02 %
Icebox Cafe L.C. and Icebox Pantry, LLC(#)219 NE 3rd St, Hallendale Beach, FL 33009Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/26/2030418.5 418.5 366.2 0.11 %
Bhatti LLC 2, Bhatti LLC(#)1451 Coral Ridge Ave, Coralville, IA 52241Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/26/2029105.1 105.1 89.7 0.03 %
Ink! Coffee Company(#)2851 Larimer St, Denver, CO 80205Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/24/2029483.1 483.1 400.3 0.12 %
Synergistic-Designs, LLC(#)493 Wilson Mill Rd, New Wilmington, PA 16142Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/24/20297.0 7.0 5.8 — %
Richwood Enterprises, LLC, Richwood Transport LLC, Richwood Transport(#)2564 Branch St, Middleton, WI 53562Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%12/24/2029328.4 328.4 295.8 0.09 %
Aitheras Aviation Group, LLC and International Aviation Sales, Ltd.(#)2301 N Marginal Rd, Cleveland, OH 44114Air TransportationTerm LoanPrime plus 2.75%12/23/2029491.1 491.1 427.4 0.13 %
Food Civilization Services LLC and 1701 W 15th St LLC(#)512 E 11th St, Houston, TX 77008Real EstateTerm LoanPrime plus 2.75%12/23/2044147.8 147.8 163.7 0.05 %
512 E 11th Street LLC and Big Brand Management Ltd. Co.(#)512 E 11th St, Houston, TX 77008Real EstateTerm LoanPrime plus 2.75%12/23/2044328.8 328.8 356.5 0.11 %
The Lamkin Group LLC and National Championship Enterprises LLC(#)901 Lily Creek Rd, Ste 102, Louisville, KY 40243Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/23/2029622.3 622.3 516.5 0.15 %
Shaddai Aesthetics Inc(#)706 W. 34th St, Austin, TX 78705Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/20/202917.6 17.6 14.6 — %
Romain Tower Inc.(#)215 S Persimmon St, Tomball, TX 77375Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/20/2044888.1 888.1 887.2 0.26 %
Chris Farley DVM PA. dba Farley Veterinary Clinic(#)6487 Taft St, Hollywood, FL 33024Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/20/202912.6 12.6 13.0 — %
Freedom Enterprises, Inc(#)2431 14th Ave SE, Watertown, SD 57201Truck TransportationTerm LoanPrime plus 2.75%12/20/2029302.7 302.7 261.9 0.08 %
La Tradicion Cubana Inc(#)9357 S.W. 40th St, Miami, FL 33165Miscellaneous Store RetailersTerm LoanPrime plus 6.5%12/20/202911.8 11.8 11.2 — %
Freedom Enterprises, Inc(#)2431 14th Ave SE, Watertown, SD 57201Truck TransportationTerm LoanPrime plus 2.75%12/20/2044204.7 204.7 220.0 0.06 %
Macon Arts Center LLC(#)4570 Pio Nono Ave, Macon, GA 31206Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/20/2044617.8 617.8 668.6 0.20 %
ACC International LLC(#)200 N Furnace St, Birdsboro, PA 19508Administrative and Support ServicesTerm LoanPrime plus 2.75%12/20/2044317.2 317.2 321.2 0.09 %
MBK IT Services Inc.(#)626 Trailwood Ct., Garland, TX 75043Nonstore Retailers Term LoanPrime plus 2.75%12/19/202920.1 20.1 20.9 0.01 %
Kuros, LLC(#)21221 Baron Lake Drive, Cedaredge, CO 81413AccommodationTerm LoanPrime plus 2.75%11/19/204582.3 82.3 92.1 0.03 %
167
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Kuros, LLC(#)21221 Baron Lake Drive, Cedaredge, CO 81413AccommodationTerm LoanPrime plus 2.75%12/19/2044391.0 391.0 436.1 0.13 %
United Capital Group LLC(#)23022 La Cadena Dr, Laguna Hills, CA 92653Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/19/2029299.7 299.7 263.0 0.08 %
GDIM Enterprises Inc dba AAMCO(#)1657 Whiskey Rd., Aiken, SC 29803Repair and MaintenanceTerm LoanPrime plus 2.75%12/19/202918.5 18.5 16.9 — %
Nebulos, LLC(#)5428 Twilight Way, Parker, CO 80134Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/19/202958.2 58.2 54.0 0.02 %
RWBB LLC(#)4120 7th Ave, Kenosha, WI 53140Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/19/202915.6 15.6 14.0 — %
New Casa Technologies, LLC(#)7928 S 70th Lane, Laveen, AZ 85339Truck TransportationTerm LoanPrime plus 2.75%12/19/20297.6 7.6 6.4 — %
Premier Gaming Solutions Inc(#)17 South Grand Ave, Pasadena, CA 91105Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/18/202910.5 10.5 10.9 — %
Skyfall LLC dba EZ Self Storage(#)2705 US Hwy 45 North, Henderson, TN 38340Real EstateTerm LoanPrime plus 2.75%12/18/2044143.9 143.9 160.5 0.05 %
The Burlington Academy of Learning LLC(#)10 Covey Rd, Burlington, CT 6013Social AssistanceTerm LoanPrime plus 2.75%12/18/202947.5 47.5 49.3 0.01 %
Sago Technologies Inc. dba Jak Ecig(#)785 Woodfern Drive, Hampshire, IL 60140Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/17/2029218.8 218.8 226.9 0.07 %
HADD Corp(#)364 Rugby Rd, Cedarhurst, NY 11516Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/17/202911.8 11.8 11.2 — %
Signco America LP & Sparkle corporation Inc.(#)7938 Wright Rd, Houston, TX 77041Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/16/20441,229.6 1,229.6 1,371.6 0.40 %
J and K Project Management Consultants LLC(#)350 Mc Donnell St, Lewisville, TX 75057Construction of BuildingsTerm LoanPrime plus 2.75%12/16/2044308.2 308.2 342.1 0.10 %
J and K Project Management Consultants dba A. C. T. Construction(#)350 Mc Donnell St, Lewisville, TX 75057Construction of BuildingsTerm LoanPrime plus 2.75%12/16/2029193.4 193.4 199.8 0.06 %
Farain Saremi dba USA Produce(#)461 G St, Los Banos, CA 93635Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/16/2044467.2 467.2 495.0 0.15 %
Dr Steven J Seidel(#)42 Campeau Place, Bergenfield, NJ 7621Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/13/202975.6 75.6 62.8 0.02 %
The Crane Guys, LLC(#)14480 Alondra Blvd, La Mirada, CA 90638Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/13/20291,174.9 1,174.9 1,060.9 0.31 %
Math Enrichment, LLC(#)1009 E Capitol Expressway, San Jose, CA 95121Educational ServicesTerm LoanPrime plus 2.75%12/13/2029187.5 187.5 155.4 0.05 %
Jen Macias LLC dba Duende(#)2301 NW Thurman St, Portland, OR 97210Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/13/20297.5 7.5 6.2 — %
Nulane Entertainment LLC(#)4100 W. Alameda Ave # 300, Burbank, CA 91505Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/13/20297.0 7.0 5.8 — %
Essex Indoor Golf Center LLC(#)23 Saybrook Rd, Essex, CT 6426Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/13/202973.3 73.3 65.9 0.02 %
The Floor Covering Warehouse, Inc(#)112 Orchard St, Stamford, CT 6902Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/13/2044236.1 236.1 263.3 0.08 %
WURA LLC dba Dickey's Barbecue Pit(#)4325 E. University Drive, Ste 40, Prosper, TX 75078Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/13/202985.7 85.7 73.6 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Belle Properties Northwest, Inc.(#)223 Ave B, Snohomish, WA 98290Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/12/2044129.1 129.1 138.6 0.04 %
Abylex, Inc and Worpex LLC(#)7473 Reese Rd #2, Sacramento, CA 95828Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/12/204493.8 93.8 85.7 0.03 %
Joyner5, Inc.dba British Swim School(#)1000 Settlers Landing Court, Wake Forest, NC 27587Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/12/202920.9 20.9 17.4 0.01 %
Stockton TRI Industries, LLC(#)2141 E Anderson St, Stockton, CA 95205Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/12/20441,089.6 1,089.6 1,159.9 0.34 %
CCD Construction Services LLC dba Clearwater Outdoor Design, CCD(#)175 W Borgfeld Drive, San Antonio, TX 78260Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/11/2044110.7 110.7 117.0 0.03 %
Professional Plumbing Services of Nela, LLC(#)99 Plum St, West Monroe, LA 71292Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/11/202916.8 16.8 16.2 — %
Vaughn Chiropractic, PLLC dba Catalyst Chiropractic and Rehab(#)10904 Baltimore St NE, Blaine, MN 55449Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/11/202938.6 38.6 32.1 0.01 %
Chambers Funeral Home & Crematorium PA & Riverdale Park Crematory, LLC(#)5801 Cleveland Ave, Riverdale, MD 20737Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/11/2044295.1 295.1 329.2 0.10 %
Ciel Du Mel LLC dba Lala's Creamery(#)134 Petaluma Blvd North, Petalumaca, CA 94952Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/10/202915.4 15.4 13.4 — %
Helping Hands Group Daycare dba Dawn to Dusk Learning and Child Care(#)10 Tremont Rd, Tremont, PA 17981Social AssistanceTerm LoanPrime plus 2.75%12/10/204438.4 38.4 41.0 0.01 %
SLCP Transport, LLC dba Aamco(#)1407 Lomaland Drive, El Paso, TX 79935Repair and MaintenanceTerm LoanPrime plus 2.75%12/10/202958.2 58.2 54.0 0.02 %
Elita 7, LLC and Behavioral Nutrition Inc.(#)16 Marble St, Worchester, MA 1603Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%12/9/2029285.1 285.1 269.5 0.08 %
DB Talak LLC(#)2018 SE 6th Ave, Portland, OR 97214Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/6/2044151.5 151.5 169.0 0.05 %
Scott's Hardware, Inc., dba Medford Inc(#)200 Tuckerton Rd, Medford, NJ 8055Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 6.5%12/6/202911.8 11.8 11.2 — %
Bay Area Metal Fabricarion LLC(#)510 -512 Stone Rd, Benicia, CA 94510Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/6/2029127.3 127.3 113.7 0.03 %
The Stout Group LLC(#)10850 NW 138th St, Hialeah Gardens, FL 33018Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/6/2029223.4 223.4 198.4 0.06 %
Glen Lamb dba Lambs Tree And Plant Health Care(#)413 Pond Meadow Rd, Westbrook, CT 6498Administrative and Support ServicesTerm LoanPrime plus 2.75%12/6/202917.5 17.5 15.7 — %
Ohanyan LLC dba Nestle Toll House Caf'e By Chip(#)14006 Riverside Drive, Store No. 9270, Sherman Oaks, CA 91423Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/6/202939.5 39.5 35.2 0.01 %
Mazhar Family, Inc dba Edible Arrangements(#)601 Portion Rd, Store #17, Lake Ronkonkoma, NY 11779Nonstore Retailers Term LoanPrime plus 2.75%12/6/202962.8 62.8 52.7 0.02 %
Wolf Pack, LLC(#)939 South 25th East, Ste. 115, Ammon, ID 83406Management of Companies and EnterprisesTerm LoanPrime plus 2.75%3/6/2030211.8 211.8 185.8 0.05 %
169
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 49548Truck TransportationTerm LoanPrime plus 2.75%12/6/20291,025.4 1,025.4 866.4 0.26 %
Natalie Enterprise Inc(#)2500 Grand Ave, Billings, MT 59102Administrative and Support ServicesTerm LoanPrime plus 2.75%12/6/202918.9 18.9 19.6 0.01 %
Used Tire Express 1, Corp(#)437 N. Battlefield, Chesapeake, VA 23320Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%12/5/202980.3 80.3 69.9 0.02 %
Standard Capital Corp(#)2349 Wessington Drive, Virginia Beach, VA 23456Insurance Carriers and Related ActivitiesTerm LoanPrime plus 6.5%12/5/202911.8 11.8 11.3 — %
Clearwater Engineering Inc(#)301 N River St, Derby, KS 67037Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%12/5/2029549.3 549.3 490.3 0.14 %
Hook Line and Schooner Vinings LLC(#)400 West Village Way #3009, Smyrna, GA 30008Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/4/202920.9 20.9 18.9 0.01 %
Soto Injury Law Firm, PA and My Attorney Inc(#)2050 Capital Circle NE Ste B, Tallahassee, FL 32308Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/3/202958.2 58.2 48.3 0.01 %
Mega Sales Detergent Distributor, LLC(#,^)1 Ackerman Ave, Clifton, NJ 7011Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/29/202946.2 46.2 38.3 0.01 %
Loading Arms Plus Inc(#)5401 Mitchelldale St, Ste B4, Houston, TX 77092Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/27/202973.3 73.3 62.0 0.02 %
Behind the Scenes Chicago, LLC dba Paramount Events(#)1750 W Lake St, Chicago, IL 60612Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/27/2029431.5 431.5 379.2 0.11 %
American Bio Source, LLC dba Dieselgreen Fuels(#)2522 N Hwy 287, Decatur, TX 76234Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%11/27/202953.7 53.7 55.7 0.02 %
Codorado, Inc. dba Dentalmart(#,^)10 Glorieta Rd, Sante Fe, NM 87508Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/27/20299.7 9.7 8.1 — %
Alice's Tea Cup, ATC !! LLC and ATC 111, LLC(#)102 W 73rd St, New York, NY 10023Food ManufacturingTerm LoanPrime plus 2.75%11/27/2029255.9 255.9 216.0 0.06 %
Haversack Holdings LLC(#)7930 W Kenton Circle, Ste 260, Huntersville, NC 28078Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/27/2029115.6 115.6 95.8 0.03 %
Roots'n Shoots, LLC(#)86 Boston Rd, Chelmsford, MA 1824Administrative and Support ServicesTerm LoanPrime plus 2.75%11/27/20299.9 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 33312Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/27/2029142.6 142.6 120.2 0.04 %
Ultra Flow Dispense, LLC(#)820 Prospect Hill Rd, Windsor, CT 6095Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/26/202996.8 96.8 81.0 0.02 %
Ford Custom Renovation LLC(#,^)405 Broadway St, Muncy, PA 17756Construction of BuildingsTerm LoanPrime plus 2.75%11/26/20297.6 7.6 6.4 — %
Fullmer's Landscaping, Inc.(#)9547 W Third St, Dayton, OH 45417Administrative and Support ServicesTerm LoanPrime plus 2.75%11/26/2029177.7 177.7 154.8 0.05 %
B.S Carrier LLC and United Truck & Trailer Repair LLC(#)3716 Garman Rd, Salem, VA 24153Truck TransportationTerm LoanPrime plus 2.75%11/25/2029218.5 218.5 210.6 0.06 %
Hurricane Group, Inc.dba Crate Club Group(#)101 San Patricio Ave, Ste 860, Guaynabo, PR 968Other Information ServicesTerm LoanPrime plus 2.75%11/25/202946.6 46.6 38.6 0.01 %
S&C Cookies, Inc(#,^)1969 Jericho Turnpike, East Northport, NY 11731Miscellaneous Store RetailersTerm LoanPrime plus 2.75%11/22/202952.2 52.2 43.4 0.01 %
A&N Design Studios Inc dba Door3 Business Application(#)22 Cortlandt St, New York, NY 10007Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/22/2029113.3 113.3 100.2 0.03 %
170
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Best Choice Meats, Inc,(#,^)12646 S Springfield Ave, Alsip, IL 60803Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/22/20441,321.1 1,321.1 1,412.3 0.42 %
ZUMI LLC dba Allstate Insurance(#,^)1537 W 79th St, Chicago, IL 60620Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%11/22/202911.1 11.1 11.4 — %
Cum Laude Enterprises, LLC(#)15218 Penn Hills Lane, Houston, TX 77062Nonstore Retailers Term LoanPrime plus 2.75%11/22/202917.8 17.8 16.5 — %
Peanut Butter & Co Inc(#,^)119 West 57th St, Ste 300, New York, NY 10019Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/22/2029173.4 173.4 143.7 0.04 %
Place Vendome Holding Co. Inc.dba R&F Marketing(#)308 Glenwood Rd, Swainsboro, GA 30401Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/22/2044427.7 427.7 409.7 0.12 %
Place Vendome Holding Co Inc.dba R&F Marketing(#)610 East Main St, Swainsboro, GA 30401Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/22/2029218.8 218.8 202.7 0.06 %
Weeping Willow Kennel Inc(#,^)6041 Hammond School Rd, Salisbury, MD 21804Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/21/20294.2 4.2 4.3 — %
Coral Springs Family Wellness LLC(#)2902 North University Drive, Coral Springs, FL 33065Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/21/2030118.3 118.3 99.1 0.03 %
Semplice Cafe LLC(#,^)209 N Main St, Breckenridge, CO 80424Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/21/202916.6 16.6 14.2 — %
Cobb Roofing LLC(#,^)8101 NW 10th St, Oklahoma City, OK 73127Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/21/202950.7 50.7 42.0 0.01 %
Pen's Electric Company(#)504 Fairfax Ave, Nashville, TN 37212Specialty Trade ContractorsTerm LoanPrime plus 6.5%11/21/202911.9 11.9 11.3 — %
The Rollin' Trapp LLC(#,^)1731 Prevatt Rd, Dothan, AL 36301Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/21/20297.4 7.4 6.7 — %
AMH Construction, Inc.(#,^)30 South Ivey Lane, Orlando, FL 32811Construction of BuildingsTerm LoanPrime plus 2.75%11/20/2044270.2 270.2 290.5 0.09 %
AMH Construction, Inc.(#,^)30 South Ivey Lane, Orlando, FL 32811Construction of BuildingsTerm LoanPrime plus 2.75%11/20/202969.4 69.4 67.1 0.02 %
Cable Management LLC(#,^)290 Pratt St, Meriden, CT 6450Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/20/2029127.2 127.2 112.7 0.03 %
AD Learning Group, LLC dba The Learning Experience & AD Learning NH(#,^)181 Shunpike Rd, Cromwell, CT 6416Social AssistanceTerm LoanPrime plus 2.75%11/18/2029128.2 128.2 106.3 0.03 %
Ryan & Selena LLC dba Head of the Class Learning Center(#,^)1836 Kathleen Rd, Lakeland, FL 33805Social AssistanceTerm LoanPrime plus 2.75%11/18/2044439.8 439.8 462.5 0.14 %
Lindsley Excavating LLC(#,^)92 Town Line Rd, Fulton, NY 13069Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/15/2029178.3 178.3 168.2 0.05 %
MToxins Venom Lab LLC(#,^)717 Oregon St, Oshkosh, WI 54902Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/15/204499.9 99.9 102.4 0.03 %
Champions Of Diversity Media Inc dba Champions of Diversity: Politics(#,^)5100 Transamerica Drive, Columbus, OH 43228Administrative and Support ServicesTerm LoanPrime plus 2.75%11/15/204471.3 71.3 77.2 0.02 %
SSH Princeton LLC dba Stumpy's Hatchet House of Princeton(#)745 Alexander Rd, Ste 1-3, Princeton, NJ 8540Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/15/203087.6 87.6 72.7 0.02 %
171
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Winning Sales Plan Inc(#,^)17811 Fairhaven Gateway, Cypress, TX 77433Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/14/202946.2 46.2 48.0 0.01 %
Ninth Avenue, LLC(#)Empire Mall, 5000 W Empire Place, Room 916, Sioux Falls, SD 57106Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/14/203059.5 59.5 51.1 0.02 %
Sean McNamara(#)5639 Wood Lane, Allentown, PA 18106Nonstore Retailers Term LoanPrime plus 6.5%11/14/202911.7 11.7 11.1 — %
Rockin Robin Music Lessons LLC(#,^)9029 Hwy 6, Ste 160, Missouri City, TX 77459Educational ServicesTerm LoanPrime plus 2.75%11/14/20298.6 8.6 7.2 — %
The Pinnacle Development Group Inc dba The Goddard School(#)105 Springside Drive, Akron, OH 44333Social AssistanceTerm LoanPrime plus 6.5%11/14/202911.7 11.7 11.1 — %
HH Wireless Connect LLC(#,^)48267 Deer Trail Drive, Canton, MI 48187Electronics and Appliance StoresTerm LoanPrime plus 2.75%11/12/20297.6 7.6 6.3 — %
NJ Floats, Inc(#)327 Route 202/206, Bedminster Township, NJ 7921Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%2/12/2046145.7 145.7 163.3 0.05 %
SSD Designs LLC(#,^)486 Vance St, Forest City, NC 28043Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%1/12/2030328.8 328.8 299.7 0.09 %
Adrienne's Gourmet Foods, Imagine Baking, Inc(#,^)1034 Hancock St, Sandusky, OH 44870Food ManufacturingTerm LoanPrime plus 2.75%11/12/2029489.6 489.6 475.4 0.14 %
James Richard Farkas Jr. dba Lil Black Bear Inn(#,^)8072 State Rd 46 East, Nashville, TN 47448AccommodationTerm LoanPrime plus 2.75%11/12/2044107.3 107.3 111.1 0.03 %
Ameen Enterprises, LLC dba Bargain Town(#,^)1111 E Washington St, Stephenville, TX 76401Gasoline Stations Term LoanPrime plus 2.75%11/12/2029115.6 115.6 117.1 0.03 %
Steven French dba French Woodworking(#,^)1101 Horizon Drive Ste 101, Fairfield, CA 94533Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/12/204461.4 61.4 68.5 0.02 %
Adrienne's Gourmet Foods, Imagine Baking Inc(#,^)1034 Hancock St, Sandusky, OH 44870Food ManufacturingTerm LoanPrime plus 2.75%11/12/2044399.1 399.1 445.2 0.13 %
Potomac Nail Spa Corporation(#,^)14901 Potomac Town Place,, Woodbridge, VA 22191Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/12/202949.2 49.2 41.1 0.01 %
Two Roses Salon 1, Inc.dba National Fluid Power Institute and NFPI(#,^)908 S Jefferson St, Amarillo, TX 79101Educational ServicesTerm LoanPrime plus 2.75%11/12/2029365.3 365.3 330.9 0.10 %
Airbar Inc(#,^)5 N Station Plaza, Great Neck, NY 11021Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/8/202920.4 20.4 16.9 — %
Integrated Vascular Services LLC(#,^)1452 Franklin Ave, Salem, OR 44460Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%11/8/202974.0 74.0 61.8 0.02 %
East River Plumbing, LLC(#,^)997 E Loop, Priest River, ID 83856Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/8/204449.1 49.1 52.7 0.02 %
Link Recreational, Inc(#,^)304 Business Hwy 53, Minong, WI 54859Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%11/7/2044386.8 386.8 419.2 0.12 %
Link Recreational, Inc(#,^)304 Business Hwy 53, Minong, WI 54859Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%11/7/2029792.0 792.0 668.5 0.20 %
WE MAKE DIFFERENCES, LLC(#,^)1380 Main St, Waltham, MA 2451Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/7/20295.9 5.9 5.8 — %
Lake Pontchartrain Properties, LLC(#,^)6001-6201 France Rd, New Orleans, LA 70126AccommodationTerm LoanPrime plus 2.75%11/7/20441,133.7 1,133.7 1,264.6 0.37 %
172
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 33166Air TransportationTerm LoanPrime plus 2.75%11/6/2029961.7 961.7 797.0 0.23 %
Sunburst Trout Farm, LLC(#,^)314 Industrial Park Drive, Waynesville, NC 28786Fishing, Hunting and TrappingTerm LoanPrime plus 2.75%10/31/2044228.3 228.3 251.2 0.07 %
C&P Trading and Sales Inc(#,^)950 Peninsula Corporate Circle Ste 3016, Boca Raton, FL 33487Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%10/31/2029230.0 230.0 190.8 0.06 %
11900 Marshfield Station Inc(#,^)11900 S Marshfield Ave, Calumet Park, IL 60827Gasoline Stations Term LoanPrime plus 2.75%10/31/20441,229.9 1,229.9 1,332.6 0.39 %
Guru Kirpa, Inc(#,^)3006 New Castle Ave, New Castle, DE 19720Gasoline Stations Term LoanPrime plus 2.75%10/31/2044191.8 191.8 198.0 0.06 %
Jessie's Radiator and Automotive(#,^)1777 N Ventura Ave, Ventura, CA 93001Repair and MaintenanceTerm LoanPrime plus 2.75%10/31/202914.9 14.9 13.8 — %
Fave Realty, Inc.(#,^)217-84 Hempstead Ave, Jamaica, NY 11429Real EstateTerm LoanPrime plus 2.75%10/31/2044114.8 114.8 128.1 0.04 %
Kerzner Contracting Corp(#,^)1620 Ocean Ave, Bohemia, NY 11716Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/31/2029103.4 103.4 85.8 0.03 %
ABC Sandblasting, LLC(#,^)14029 56th St NW, Williston, ND 58801Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/31/2029226.8 226.8 194.1 0.06 %
Dub Industries LLC(#,^)4112 Veiled Falls Drive, Pflugerville, TX 78660Nonstore Retailers Term LoanPrime plus 2.75%10/31/202965.2 65.2 61.1 0.02 %
The Committed Pig LLC(#,^)28 West Park Place, Morristown, NJ 7090Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/31/2029261.7 261.7 271.5 0.08 %
L& F Gullo Service Corp(#,^)520 Main St, Westbury, NY 11590Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%10/31/2029160.8 160.8 133.3 0.04 %
D & H Construction Services, Inc.(#,^)711 Hospital St, Richmond, VA 23219Construction of BuildingsTerm LoanPrime plus 2.75%10/31/2029128.7 128.7 112.4 0.03 %
Automotive Solutions, LLC(#,^)1910 W. Dupont Rd, Fort Wayne, IN 46818Repair and MaintenanceTerm LoanPrime plus 2.75%10/31/2044292.7 292.7 312.5 0.09 %
Sunburst Trout Farm, LLC(#,^)314 Industrial Park Dr, Waynesville, NC 28786Fishing, Hunting and TrappingTerm LoanPrime plus 2.75%10/31/202962.0 62.0 64.4 0.02 %
Automotive Standard, LLC(#,^)4028 Coldwater Rd, Fort Wayne, IN 46805Repair and MaintenanceTerm LoanPrime plus 2.75%10/31/2044135.3 135.3 145.7 0.04 %
MJ Group, Inc(#,^)26691 Loma Verde, Mission Viejo, CA 92691Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/31/202919.6 19.6 16.4 — %
Maine Service Corp(#,^)59-24 55th St, Maspeth, NY 11378Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%10/31/2029114.9 114.9 119.2 0.04 %
Mariscos El Oceano, Inc.(#,^)5960 S Archer Ave, Chicago, IL 60638Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/31/2044123.3 123.3 134.8 0.04 %
BGB Leasing Inc and BGB Leasing Co.(#,^)50 Industrial Park Rd, Princeton, KY 42445Truck TransportationTerm LoanPrime plus 2.75%10/30/20291,066.1 1,066.1 964.2 0.28 %
Paul Wintner dba P & R Props(#,^)23901 Calabasas Rd, Calabasas, CA 91302Miscellaneous Store RetailersTerm LoanPrime plus 2.75%10/30/202951.7 51.7 42.9 0.01 %
Blue Agave & Brothers, LLC dba Blue Apachie Mexican Restaurant(#,^)905 Savoy Rd, Youngsville, LA 70592Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/30/202980.4 80.4 68.0 0.02 %
173
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 86440Miscellaneous Store RetailersTerm LoanPrime plus 2.75%10/30/202959.7 59.7 50.7 0.01 %
BGB Leasing Co.(#,^)50 Industrial Park Rd, Princeton, KY 42445Truck TransportationTerm LoanPrime plus 2.75%10/30/204488.3 88.3 98.5 0.03 %
Plastic Depot, Inc(#,^)363 East Alondra Blvd, Gardena, CA 90248Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%10/30/2029145.4 145.4 120.7 0.04 %
OWL Inc,(#,^)5300 S Orange Blossom Trail, Orlando, FL 32839Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%10/28/2029198.2 198.2 164.3 0.05 %
Corple Enterprises, Inc(#,^)17887 US-380, Ponder, TX 76259Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%10/28/2029147.2 147.2 145.4 0.04 %
Perisseia Physicians LLC(#,^)1644 Lebanon Rd, Lawrenceville, GA 30043Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/28/2044392.5 392.5 402.5 0.12 %
Proximo Consulting Services Inc(#,^)2500 Plaza 5, Jersey City, NJ 7311Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/28/202968.9 68.9 57.1 0.02 %
Marnon Vending LLC dba Naturals 2 Go San Antonio(#,^)6713 Biscay Hbr, San Antonio, TX 78249Nonstore Retailers Term LoanPrime plus 2.75%10/28/20297.3 7.3 6.7 — %
Landmark Ventures USA, Inc(#,^)475 Park Ave S, 25th Floor, New York, NY 10016Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%10/25/202996.5 96.5 80.0 0.02 %
iLoka Inc. dba NewCloud Networks(#,^)160 Inverness Drive W, Ste 150, Englewood, CO 80112Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%10/25/202991.9 91.9 95.3 0.03 %
Four Ace Electrical Services Corporation(#,^)3723 Far Niente Way, Sacramento, CA 95834Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/25/202911.0 11.0 9.3 — %
Diamond Solutions LLC(#,^)8321 E Gelding Drive, Scottsdale, AZ 85260Machinery ManufacturingTerm LoanPrime plus 2.75%10/25/202911.7 11.7 9.7 — %
Jbang LLC, WM Bang LLC, Bang Investments LLC(#)125 Westchester Ave, White Plains, NY 10601Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/25/202969.6 69.6 68.8 0.02 %
IV Purpose Inc(#)1489 Fulton St, Brooklyn, NY 11216Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/25/202935.4 35.4 31.0 0.01 %
Sultan's Palace L.L.C.(#,^)8125 West Sahara Ave, Ste 300, Las Vegas, NV 89117Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/24/202919.6 19.6 17.2 0.01 %
Fimac Inc dba American Educational Services(#,^)26300 La Alameda, Ste 200, Mission Viejo, CA 92691Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/23/202920.7 20.7 17.4 0.01 %
James Clark and Company, Inc.(#)8885 Haven Ave, Ste 120, Rancho Cucamonga, CA 91730Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%10/22/202911.6 11.6 11.1 — %
Pyle Garage Doors OKC, INC dba Precision Door Service OKC(#,^)8860 S Sunnylane Rd, Oklahoma City, OK 73135Repair and MaintenanceTerm LoanPrime plus 2.75%10/22/202913.5 13.5 11.2 — %
Todd's Car Wash, LLC(#,^)5505 Johnston St, Lafayette, LA 70506Repair and MaintenanceTerm LoanPrime plus 2.75%10/18/2044337.3 337.3 376.2 0.11 %
Roughcut LLC(#,^)41540 National Rd, Belmont, OH 43718Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/17/2029442.5 442.5 459.0 0.14 %
UNIQUE PAVER INSTALLATIONS, INC.(#,^)4930 Mars Hill Rd, Bogart, GA 30622Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/17/202920.8 20.8 18.4 0.01 %
174
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Owens Family and Cosmetic Dentistry PLLC(#,^)403 E College St, Pulaski, TN 38478Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/17/2029249.1 249.1 216.3 0.06 %
Pine Mountain Residential LLC(#)10240 Cosmopolitan Circle, Parker, CO 80134Specialty Trade ContractorsTerm LoanPrime plus 6.5%10/16/202911.6 11.6 11.1 — %
Powerlift Dumbwaiters, Inc(#)2444 Georgia Slide Rd, Georgetown, CA 95634Machinery ManufacturingTerm LoanPrime plus 6.5%10/16/202911.3 11.3 10.8 — %
The Cow Harbor Beer Company LLC dba Sand City Brewing Co.(#)19 Scudder Ave, Northport, NY 11768Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%2/11/2031292.7 292.7 257.3 0.08 %
Glenda D Brewer dba Bargain Store(#)107 Tabernacle Church Rd, Candor, NC 27229General Merchandise Stores Term LoanPrime plus 6.5%10/11/202911.6 11.6 11.1 — %
S&D Beauty Spa Inc dba Elite Nails, dba Bella's Nails &dba Onyx Nail(#,^)5604 Slide Rd, Lubbock, TX 79414Personal and Laundry ServicesTerm LoanPrime plus 2.75%10/11/2029145.7 145.7 123.3 0.04 %
Q2 Ventures, LLC(#,^)2805 W Arimo Rd, Arimo, ID 83214Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%10/8/2029163.1 163.1 162.2 0.05 %
Paketo LLC dba West Loop UPS Store(#,^)623 W Lake St, Chicago, IL 60661Couriers and MessengersTerm LoanPrime plus 2.75%10/4/202915.2 15.2 12.9 — %
Heart and Vascular Associates of Tampa, LLC(#,^)17 David Blvd, Tampa, FL 33606Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/30/2044759.1 759.1 765.9 0.23 %
A Child's Dream Educational Center LLC(#,^)4127 NW 34th St, Gainsville, FL 32605Social AssistanceTerm LoanPrime plus 2.75%9/30/2029175.8 175.8 146.4 0.04 %
DG Business Solutions, Inc(#,^)11008 Rene St, Lenexa, KS 66215Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/30/2029209.9 209.9 175.9 0.05 %
A Child's Dream Educational Center LLC(#,^)4127 NW 34th St, Gainesville, FL 32605Social AssistanceTerm LoanPrime plus 2.75%9/30/2044177.3 177.3 189.3 0.06 %
Atlantic Pacific Hospitality Solutions Inc dba North Beach Bistro(#,^)725 Atlantic Blvd, Atlantic Beach, FL 32233Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/20298.6 8.6 7.2 — %
SPIRE Manufacturing Solutions LLC(#,^)1440 Newport Rd, Colorado Springs, CO 80916Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/30/2044996.0 996.0 1,111.0 0.33 %
Meldi Maa, Inc dba The River Complex(#,^)74 S Main St, Woonsocket, RI 2895Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/2044416.6 416.6 451.1 0.13 %
Joseph P Fusco DDS PC(#,^)77 N Centre Ave, Rockville Centre, NY 11570Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/30/202960.6 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 85009Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%9/30/2044612.4 612.4 630.9 0.19 %
International Protection Group, LLC(#,^)481 8th Ave Ste 1130, New York, NY 10001Administrative and Support ServicesTerm LoanPrime plus 2.75%9/30/202975.3 75.3 73.1 0.02 %
AV Strategy, Inc(#,^)9468 American Eagle Way Ste 100, Orlando, FL 32837Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/30/2029242.6 242.6 219.8 0.06 %
50 Taps, LLC dba Colorado Taproom & Grill(#,^)19539 Hess Rd Ste Ste #101, Parker, CO 80134Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/202970.7 70.7 59.6 0.02 %
Crown Waste Corp(#,^)1 Plainview Rd, Bethpage, NY 11714Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%9/30/202945.7 45.7 41.0 0.01 %
Zima Dining Inc. dba Country Kitchen(#,^)1497 N Mt. Vernon Ave, Colton, CA 92324Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/27/202957.5 57.5 59.6 0.02 %
175
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hoagie Barmichaels Inc(#,^)1101 River Rd, New Windsor, NY 12553Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/27/2044110.7 110.7 110.3 0.03 %
Universe Appliance Repairs Inc.(#,^)3790 Merrick Rd, Seaford, NY 11783Repair and MaintenanceTerm LoanPrime plus 2.75%9/27/2044575.7 575.7 576.6 0.17 %
Wagner & Sons Inc(#,^)22365 Alydar Drive, Lexington Park, MO 20653Nonstore Retailers Term LoanPrime plus 2.75%9/27/202917.1 17.1 14.3 — %
Aztec Machine & Repair Inc, Cranrd & Material(#,^)1715 N 1st St, Bloomfield, NM 87413Repair and MaintenanceTerm LoanPrime plus 2.75%9/27/2044698.1 698.1 713.8 0.21 %
Double H Services, LLC, C&T Oil Field Services, LLC and Brian S. Holma(#,^)3721 North 162nd St, Garber, OK 73701Support Activities for MiningTerm LoanPrime plus 2.75%9/27/2029956.2 956.2 866.3 0.26 %
Titan Laser Screed Concrete Services, LLC(#,^)8908 Wildlife Lane, Sanford, FL 32771Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/27/202945.6 45.6 39.3 0.01 %
Zmetra Clearspan Structures LLC(#,^)2 Old Worcester Rd, Webster, MA 1571Miscellaneous ManufacturingTerm LoanPrime plus 2.75%9/27/2044428.7 428.7 478.2 0.14 %
Universe Appliance Repairs Inc.(#,^)3790 Merrick Rd, Seaford, NY 11783Repair and MaintenanceTerm LoanPrime plus 2.75%9/27/2029604.8 604.8 537.9 0.16 %
Cherry and Candlewood Inc dba Aamco(#,^)3029 South St, Long beach, CA 90805Repair and MaintenanceTerm LoanPrime plus 2.75%9/27/2044424.0 424.0 473.0 0.14 %
Stiegelbauer Associates Inc.(#,^)63 Flushing Ave Unit 342, Brooklyn, NY 11205Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/27/2029182.8 182.8 152.0 0.04 %
Santa Fe Flooring LLC(#,^)3711 Paseo Del Norte NE, Albuquerque, NM 87113Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%9/26/2029462.5 462.5 402.3 0.12 %
Adam's Construction & General Contracting LLC(#,^)7808 N Custer Rd, Freesoil, MI 49411Construction of BuildingsTerm LoanPrime plus 2.75%9/26/202963.8 63.8 55.7 0.02 %
Anderson's Outdoor Adventures, LLC(#,^)4060 SW County Rd 232, Bell, FL 32619Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/25/202920.5 20.5 20.6 0.01 %
Byler, Wolfe, Lutsch and Kampfer CPAs, Inc(#,^)360 East State St, Salem, OH 44460Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/25/204452.4 52.4 51.4 0.02 %
Quality Machine of Iowa, Inc(#,^)1040 4th Ave, Audubon, IA 50025Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/25/202961.7 61.7 63.9 0.02 %
Luv 2 Play Nor Cal, LLC(#,^)82 Clarksville Rd, Folsom, CA 95682Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/25/2029105.0 105.0 89.3 0.03 %
Flamingo Bowl, Inc(#,^)3301 N 23rd St, McAllen, TX 78501Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/24/2029188.7 188.7 172.5 0.05 %
Unified Utility Services LLC(#,^)206 Frankie Lane, Ladson, SC 29456Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%9/20/2044154.8 154.8 172.5 0.05 %
Standard Real Estate Services LLC(#)500 West Silver Spring Drive, Ste K 200,, Glendale, WI 53217Real EstateTerm LoanPrime plus 6.5%9/19/202911.6 11.6 11.0 — %
Payne's Enviromental Service, LLC dba Bamaco(#,^)5617 Causeway Blvd, Tampa, FL 33619Administrative and Support ServicesTerm LoanPrime plus 2.75%9/18/2044511.5 511.5 522.7 0.15 %
Host Marketing, LLC(#)206 Bell Lane, Ste B, West Monroe, LA 71291Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%9/18/202911.6 11.6 11.0 — %
Vancole Investments, Inc. dba Smoothie King #913 &;Dream Development(#,^)876 Virginia Ave, Hapeville, GA 30354Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/17/202911.0 11.0 9.1 — %
176
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Win Health Institute, LLC(#,^)711 E Valley Rd, Basalt, CO 81621Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/17/20296.8 6.8 6.0 — %
Natalie Hart LLC dba Lady of Luxury &dba Country Sugar Events(#)1702 Fawn Gate St, San Antonio, TX 78248Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/17/202952.8 52.8 49.0 0.01 %
Game Station, Inc.(#,^)2917 1st Ave SE, Cedar Rapids, IA 52402Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/16/202918.5 18.5 16.9 — %
Bay Bowl Inc dba Shasta Lanes(#,^)11093 Black Marble Way, Redding, CA 96003Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/13/2044526.7 526.7 586.9 0.17 %
The Steel Method LLC dba Sneeze It(#,^)250 Passaic Ave Ste 200, Fairfield, NJ 7004Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/12/2029154.0 154.0 128.1 0.04 %
Oak Park Social LLC(#)14691 W 11 Mile Rd, Oak Park, MI 48237Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/12/2045133.5 133.5 137.4 0.04 %
New Flow Plumbing and Rooter Inc.(#,^)6718 Katherin Ave, Van Nuys, CA 91405Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/12/202943.6 43.6 36.6 0.01 %
ACSS CPA, LLC(#,^)1016 S Texas Blvd, Weslaco, TX 78599Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/12/204439.2 39.2 41.1 0.01 %
Prime Precision Machining, LLC(#,^)845 Mandoline Ave, Madison Heights, MI 48071Real EstateTerm LoanPrime plus 2.75%9/11/2044267.9 267.9 278.8 0.08 %
Prime Precision Machining, LLC(#,^)845 Mandoline Ave, Madison Heights, MI 48071Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/11/2029200.8 200.8 176.4 0.05 %
Family Insight, P.C.(#,^)3433 Brambleton Ave, Ste 104A, Roanoke, VA 24018Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/11/2029226.6 226.6 226.5 0.07 %
Miami Squeeze Inc dba Miami Squeeze, LLC(#,^)18315 W. Dixie Hwy, North Miami Beach, FL 33160Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/11/2029105.4 105.4 94.2 0.03 %
Covert Recordings LLC(#,^)31-65 138th St Apartment 3K, Flushing, NY 11354Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/11/202910.8 10.8 10.9 — %
Body on Cue Health and Fitness LLC(#,^)129 A Orpha Drive, Middlebury, IN 46840Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/6/202941.1 41.1 34.8 0.01 %
Eco Electric LLC(#,^)5380 Cameron St, Las Vegas, NV 89118Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/5/202960.7 60.7 50.3 0.01 %
Philly Games Inc.dba Queen & Rock Game Cafe(#,^)607-609 S 2nd St, Philadelphia, PA 19147Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/5/202957.0 57.0 47.5 0.01 %
SVT Masonry Limited Liability Company(#,^)1208 Houghton Lane, Bennington, VT 5201Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/5/202963.5 63.5 62.5 0.02 %
Thawk LLC(#,^)1110 Willow Glen Drive, Yuba City, CA 95991Administrative and Support ServicesTerm LoanPrime plus 2.75%8/30/20297.5 7.5 6.2 — %
No Push Backs, LLC(#)2223 Dungan Ave, Bensalem, PA 19020Personal and Laundry ServicesTerm LoanPrime plus 6.5%8/30/202911.2 11.2 10.6 — %
Dog House Sportfishing Charters Inc(#)83413 Overseas Hwy, Islamorada, FL 33036Scenic and Sightseeing TransportationTerm LoanPrime plus 6.5%8/30/202911.5 11.5 10.9 — %
3C Consumer Network & Designs LLC(#,^)7676 Hillmont St, Ste 109, Houston, TX 77040Real EstateTerm LoanPrime plus 2.75%8/29/202913.6 13.6 11.9 — %
Double Scoop Ice Cream, LLC(#,^)2970 Stonecrest Pass, Lithonia, GA 30038Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/29/204494.7 94.7 98.9 0.03 %
Camror LTD dba Jersey Mike's(#,^)5946 Meijer Drive, Cincinnati, OH 45150Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/29/203081.5 81.5 84.6 0.02 %
177
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
The BMF Media Group LLC(#,^)50 West 23rd St, 7th floor, New York, NY 10010Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/29/2029340.6 340.6 281.8 0.08 %
Crown Heights Bunch O Bagels & More Inc & 361 Bagel Holding LLC(#,^)361 Troy Ave, Brooklyn, NY 11213Food and Beverage Stores Term LoanPrime plus 2.75%8/29/202936.3 36.3 37.6 0.01 %
Esquire Mini Mart LLC & Morgan Store Building LLC(#,^)12595 S Somerton Ave, Yuma, AZ 85365Food and Beverage Stores Term LoanPrime plus 2.75%8/29/202946.5 46.5 44.2 0.01 %
Groton Bowling Center and Entertainment Inc(#,^)27 Kings Hwy, Groton, CT 6340Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/29/2044930.1 930.1 979.4 0.29 %
HRS2, LLC(#,^)5410 Pipers Creek Court, Sugar Land, TX 77479Nonstore Retailers Term LoanPrime plus 2.75%8/28/2029209.9 209.9 203.5 0.06 %
DB Talak LLC(#,^)2018 SE 6th Ave, Portland, OR 97214Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/28/202980.1 80.1 82.9 0.02 %
Khari E. J. Myers dba Khari Imagery & 190 Minerva LLC(#,^)190 Minerva St, Tonawanda, NY 14150Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/28/204458.8 58.8 65.5 0.02 %
Linsey Schwertdfeger,, Inc.(#,^)740 Dennery Rd, San Diego, CA 92154Repair and MaintenanceTerm LoanPrime plus 2.75%8/28/202964.3 64.3 54.5 0.02 %
Blue Eagle Transport Inc.,Golden Eagle Tran and Green Eagle Transport(#,^)377 Boston Post Rd, Milford, CT 6460Couriers and MessengersTerm LoanPrime plus 2.75%8/28/2029416.9 416.9 365.3 0.11 %
The Hometown Welcome Program, Inc & Fredric Anthony Gushwa(#,^)107 S Nottawa St, Sturgis, MI 49091Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/27/202988.4 88.4 80.1 0.02 %
Maryland Urgent Care, Inc.(#,^)9831 Greenbelt Rd Ste 208 (Unit H-2), Lanham, MD 20706Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%8/27/204445.1 45.1 48.3 0.01 %
ADA Internacional Inc(#,^)10891 La Reina Rd, Ste 100, Delray Beach, FL 33446Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%8/26/202920.4 20.4 16.9 — %
Crystal S. Prado dba Crystal Clear Accounting(#)34099 Tuscan Creek Way, Temecula, CA 92592Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%8/26/20292.9 2.9 2.8 — %
The Pet Stop, LLC(#,^)106 South Washington St, Pleasantville, IA 50225Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/23/20296.8 6.8 5.8 — %
Elite Motors LLC(#,^)1046-1050 Orange Ave, West Haven, CT 6516Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%8/23/202979.4 79.4 82.2 0.02 %
PJT Logistics, Inc.(#,^)2-4 Commerce Way, Auburn, NY 13021Truck TransportationTerm LoanPrime plus 2.75%8/23/202945.3 45.3 47.0 0.01 %
JLT Foods, LLC(#,^)3294 Long Meadow Court, West Bloomfield Township, MI 48324Food ManufacturingTerm LoanPrime plus 2.75%8/23/202919.5 19.5 16.2 — %
SRJ construction Corp(#,^)8358 W Oakland Park Blvd. #203E, Sunrise, FL 33351Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/23/202910.4 10.4 8.9 — %
MS Integrated Psychotherapy & Counseling, LLC(#,^)1157 Main St, Clifton, NJ 7011Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%8/22/202967.3 67.3 61.3 0.02 %
The Roux Southern Kitchen, LLC(#,^)252 FM 3162, Sandia, TX 78383Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/22/202916.5 16.5 17.0 — %
MB Nursery LLC dba The Garden Center(#,^)15562 HWY-South, Whitehouse, TX 75791Administrative and Support ServicesTerm LoanPrime plus 2.75%8/21/202984.0 84.0 87.0 0.03 %
178
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Metro R Services Inc. and Metal & Roof Supplies, Inc.(#,^)20 Universal Place, Carlstadt, NJ 7072Repair and MaintenanceTerm LoanPrime plus 2.75%8/21/2029175.7 175.7 166.9 0.05 %
Auto Unique LLC(#,^)305 W Main St, Mayo, FL 32066Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%8/20/204412.0 12.0 13.4 — %
William Martinez dba Bad Ass Coffee of Hawaii(#)14101 Main St, Ste 4101, Hesperia, CA 92345Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/20/202920.8 20.8 17.7 0.01 %
Signature Rooms, Inc.(#,^)2066 Route 112, Medford, NY 11763Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%8/19/2029153.0 153.0 158.5 0.05 %
Accent Home Services LLC dba Benjamin Franklin Plumbing of Kansas City(#,^)7748 Troost Ave, Kansas City, MO 64131Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/15/2029102.0 102.0 95.0 0.03 %
AJN Innovations LLC dba Burgerim(#)6704 Main St, Miami Lakes, FL 33014Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/15/2031109.8 109.8 93.0 0.03 %
American Healthy Vending, Inc(#,^)5951 NW 151 St, Hialeah, FL 33014Nonstore Retailers Term LoanPrime plus 2.75%8/15/202996.4 96.4 85.5 0.03 %
Accelerate Educational Solutions, LLC dba Tutor My Success(#,^)135 Clove Branch Rd, Hopewell Junction, NY 12533Educational ServicesTerm LoanPrime plus 2.75%8/14/202915.6 15.6 13.0 — %
Ranson Excavating, Inc(#,^)8343 Kaula Drive, Fair Oaks, CA 95628Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/13/202913.6 13.6 11.2 — %
KM Electrical Services, Inc(#,^)4348 Waialae Ave Unit 315, HONOLULU, HI 96816Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/12/202970.3 70.3 58.4 0.02 %
Love Playing LLC(#)2200 Eastridge Loop, San Jose, CA 95122Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/9/2030165.4 165.4 145.5 0.04 %
Elixir Enterprises, LLC dba Guilford Renee's(#,^)637 Boston Post Rd, Guilford, CT 6437Food and Beverage Stores Term LoanPrime plus 2.75%8/8/202917.7 17.7 14.7 — %
A & S Services LLC dba Kona Ice of Troy(#)3888 Lightner Rd, Vandalia, OH 45377Food Services and Drinking PlacesTerm LoanPrime plus 6.5%8/7/202911.5 11.5 10.9 — %
Accord Law, APC(#,^)82555 Grass Flat Lane, Indio, CA 92203Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/2/20296.8 6.8 5.6 — %
Leader Engineering-Fabrication, Inc.(#,^)695 Independence DrIive, Napoleon, OH 43545Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%8/2/2029113.5 113.5 117.6 0.03 %
Billy Auto Inc(#,^)632 N Broadway, Amityville, NY 11701Repair and MaintenanceTerm LoanPrime plus 2.75%7/31/2044317.7 317.7 320.1 0.09 %
East Coast Flight Services, Inc and Aviation Consulting Enterprise(#,^)27603 Parkway Rd, Easton, MD 21601Air TransportationTerm LoanPrime plus 2.75%7/31/2029518.1 518.1 454.8 0.13 %
Genecco Produce, Inc. & Leo Genecco & Sons, Inc.(#,^)1850 Rochester Rd, Canadaigua, NY 14424Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%7/31/2029707.5 707.5 667.4 0.20 %
Joseph Centonze dba Off Kilter Kilts(#,^)27720 Ave Scott, Santa Clarita, CA 91355Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%7/31/20294.7 4.7 3.9 — %
St. Francis Home Health Inc(#,^)5246 SW 8th St 103B, Coral Gables, FL 33134Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/31/202967.6 67.6 55.9 0.02 %
Humd, LLC dba La Rosa Chicken and Grill(#)3111 N. University Drive, Coral Springs, FL 33065Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/31/2030128.3 128.3 111.3 0.03 %
Gray Rock Quarry, LLC and William E Dailey III(#,^)54 West Milton Rd, Milton, VT 5468Mining (except Oil and Gas)Term LoanPrime plus 2.75%7/31/2044440.6 440.6 410.9 0.12 %
179
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
La Mount Group LLC(#,^)3111 Princeton Rd, Hamilton, OH 45011Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/31/2029229.8 229.8 190.1 0.06 %
Living Spring Home Health Inc.(#,^)18350 Kedzie Ave Ste 204, Homewood, IL 60430Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/31/2029121.7 121.7 110.5 0.03 %
Canyon Lake Kids Academy, LLC(#,^)130 Charter Oak Drive, Canyon Lake, TX 78133Social AssistanceTerm LoanPrime plus 2.75%7/31/204496.0 96.0 101.8 0.03 %
Quick and Quality Services dba Bella Roma Pasta & Pizza & Farshad(#,^)28940 Golden Lantern, Laguna Niguel, CA 92677Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/31/202910.3 10.3 9.2 — %
Dant A Sandras, D.D.S. LLC(#,^)13373 Hwy 3235, Larose, LA 70373Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/30/2029197.1 197.1 169.1 0.05 %
Jbelis Stop N' Go, LLC dba Planet Smoothie(#,^)2565 E 17th St, Ammons, ID 83406Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/30/202917.7 17.7 14.9 — %
Platt & Associates, LLC dba Flag Staff Apparel, Platt & Associates, LL(#,^)288 North Industrial Park Drive, Liberty, MS 39645Apparel ManufacturingTerm LoanPrime plus 2.75%7/30/204455.0 55.0 60.1 0.02 %
Grad Street LLC(#)2437 Corinth Ave Apt 130, Los Angeles, CA 90064Nonstore Retailers Term LoanPrime plus 6.5%7/30/20297.3 7.3 6.9 — %
Aeromax Industries, Inc, HITM, Inc and TMCB LLC(#,^)9027 Canoga Ave, Canoga Park, CA 91301Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%7/30/2044770.8 770.8 775.2 0.23 %
Micheal Birch and Tracy M. Pierce(#,^)E 2947 H-44, Traunik, MI 49891Gasoline Stations Term LoanPrime plus 2.75%7/29/204453.1 53.1 57.3 0.02 %
Moore Chiropractic Center, P.A.(#,^)936 Roosevelt Trail Unit 1 & 2, Windham, ME 4062Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/26/20298.2 8.2 8.3 — %
Sou's LLC(#,^)739 NE MLK Blvd, Portland, OR 97221Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/26/20295.4 5.4 4.9 — %
Power Associates Inc.(#,^)2766 West Good CT, Boise, ID 83702Real EstateTerm LoanPrime plus 2.75%7/26/202913.5 13.5 11.2 — %
Dan Dahlin Inc.(#,^)16465 MN-65, Ham Lake, MN 55304Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/26/2044399.7 399.7 445.4 0.13 %
Franklin Care Pharmacy Incorporated(#,^)520 N Franklintown Rd, Baltimore, MD 21223Health and Personal Care StoresTerm LoanPrime plus 2.75%7/25/202948.9 48.9 50.6 0.01 %
A&W ALF, LLC dba A & W Assisted Living Facility(#,^)6600 Liberty Rd, Gwynn Oak, MD 21207Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%7/24/204498.1 98.1 107.3 0.03 %
Hardrock Alpha Enterprises, LLC(#,^)5101 Stine Rd, Bakersfield, CA 93313Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/19/202914.2 14.2 12.1 — %
700 Services Inc.dba 700 Credit Repair(#,^)1201 N Goliad St, Rockwall, TX 75087Credit Intermediation and Related ActivitiesTerm LoanPrime plus 2.75%7/19/20296.8 6.8 5.6 — %
Lawrence Adeyemo & Co LLC(#)209-34 112 Ave, Queens Village, NY 11429Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%7/19/20299.2 9.2 8.7 — %
Ameritube, LLC(#,^)1000 North Hwy 77, Hillsboro, TX 76645Primary Metal ManufacturingTerm LoanPrime plus 2.75%7/18/2029108.9 108.9 112.8 0.03 %
JDM2 Water Station LLC(#,^)125 Chestnut Hill Drive, York, PA 17408Nonstore Retailers Term LoanPrime plus 2.75%7/18/2029188.5 188.5 173.7 0.05 %
Bonfire Hot Yoga LLC(#,^)3665 SW Hall Blvd, Beaverton, OR 97005Educational ServicesTerm LoanPrime plus 2.75%7/18/20297.4 7.4 6.3 — %
Baton Rouge Cargo Services Inc(#,^)6013 McRaven Rd, Jackson, MS 39209Support Activities for TransportationTerm LoanPrime plus 2.75%7/17/2044286.4 286.4 296.9 0.09 %
180
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
The Bean Coffee Co. LLC(#)112 South Main St, Spring Hill, KS 66083Food Services and Drinking PlacesTerm LoanPrime plus 6.5%7/17/202911.5 11.5 10.8 — %
Garage Floor Coating of MN.com,LLC(#,^)6701 West 23rd St, St. Louis Park, MN 55426Specialty Trade ContractorsTerm LoanPrime plus 2.75%7/16/2044976.1 976.1 992.6 0.29 %
Bouquet Canyon Kennels(#,^)29973 Bouquet Canyon Rd, Santa Clarita, CA 91390Personal and Laundry ServicesTerm LoanPrime plus 2.75%7/16/2044294.5 294.5 294.8 0.09 %
Adam Family Bowl Inc(#,^)1504 Chestnut St, Mishawaka, IN 46545Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/16/2044130.0 130.0 137.9 0.04 %
Beacon Metal Fabricators, Inc.(#,^)5425-D Hamilton Ave, Cleveland, OH 44114Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%7/12/202963.1 63.1 58.8 0.02 %
Last Touch, LLC(#,^)1612 Jackson St, Spirit Lake, IA 51360Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%7/11/204499.4 99.4 101.6 0.03 %
D DeGregoria LLC dba The UPS Store 4235 Massapequa(#,^)4940 Merrick Rd, Massapequa Park, NY 11762Couriers and MessengersTerm LoanPrime plus 2.75%7/10/202971.4 71.4 60.8 0.02 %
Menskha Inc(#)88 High St, Mountclair, NJ 7042Ambulatory Health Care ServicesTerm LoanPrime plus 6.5%7/10/202911.5 11.5 10.8 — %
Nash-Delphia LLC(#,^)2135 Gallatin Pike N, Store 4, Madison, TN 37115Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%7/2/202913.4 13.4 12.2 — %
Advance Transit LLC(#,^)574-614 Tonnelle Ave, Jersey City, NJ 7307Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%6/28/2044746.0 746.0 827.9 0.24 %
Anderson Companies LLC(#,^)3015 S White Horse Pike, Hammonton, NJ 8037Administrative and Support ServicesTerm LoanPrime plus 2.75%6/28/2044203.1 203.1 222.7 0.07 %
Port Huron Ophthalmology, PLLC dba Black River Optical(#,^)1033 River St, Port Huron, MI 48060Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/28/202913.4 13.4 12.2 — %
Kim Howard Corp dba NPN Machine Tools(#,^)9130 Wayfarer Ln, Houston, TX 77075Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%6/28/2029197.2 197.2 206.7 0.06 %
Jian Yang and Kanger House LLC(#,^)48 Horse Hill Rd, Cedar Knolls, NJ 7927Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%6/27/2029107.5 107.5 97.9 0.03 %
Nevada Recycling and Salvage LTD, AMCB LLC(#,^)1085 Telegraph St, Reno, NV 89502Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/28/20441,222.1 1,222.1 1,308.9 0.39 %
Sundown Audio, LLC(#,^)514 West 21St St, Newton, NC 28658Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%6/28/2044887.4 887.4 955.0 0.28 %
Balboa Fashion LLC(#,^)1016 S. Towne Ave, Unit 123, Los Angeles, CA 90021Apparel ManufacturingTerm LoanPrime plus 2.75%6/28/20296.7 6.7 6.1 — %
Baobab Asset Management LLC(#,^)2 Greenwich Office Park, Ste 260, Greenwich, CT 6831Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/28/202945.8 45.8 41.5 0.01 %
Southern Specialties Transportation LLC(#,^)116 Toledo Drive, Lafayette, LA 70506Truck TransportationTerm LoanPrime plus 2.75%6/28/2029131.0 131.0 134.3 0.04 %
Richmond Street Partners, LLC(#,^)200 E Chestnut St, Chicago, IL 60611Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%6/28/202987.4 87.4 79.9 0.02 %
Crestview Ridge Farms LLC(#,^)1172 Co Rd 956, Ashland, OH 44805Crop ProductionTerm LoanPrime plus 2.75%6/28/2044526.0 526.0 579.3 0.17 %
K & K Restaurant LLC(#,^)6607 S Central Ave, Phoenix, AZ 85042Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/28/2044131.8 131.8 148.2 0.04 %
Big Picture Group LLC(#,^)935 N La Jolla, Los Angeles, CA 90046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/28/2029137.2 137.2 124.6 0.04 %
181
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
5161 LLC(#,^)1478 E Mountain Drive, Santa Barbara, CA 93108Nonstore Retailers Term LoanPrime plus 2.75%6/28/2029566.7 566.7 584.4 0.17 %
Upul's Travel Service & Tours Inc(#,^)654 Shoppers Lane, Covina, CA 91723Administrative and Support ServicesTerm LoanPrime plus 2.75%6/28/2029251.7 251.7 228.6 0.07 %
Upul's Travel Service & Tours Inc(#,^)654 Shopping Lane, Covina, CA 91723Administrative and Support ServicesTerm LoanPrime plus 2.75%6/28/2044343.5 343.5 358.5 0.11 %
Good News Cafe, LLC(#,^)694 Main St South, Woodbury, CT 6798Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/28/2044244.1 244.1 262.6 0.08 %
NJ Floats Inc(#,^)66 Twin Oaks Rd, Bridgewater, NJ 8807Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/28/2044172.6 172.6 197.2 0.06 %
Ailky Corporation & Wyspen(#,^)352 Bedford St, Lakeville, MA 2347Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/27/202943.6 43.6 39.6 0.01 %
Pawfection Pet Services LLC(#,^)177 W Cottonwood Ln, Ste 12, Casa Grande, AZ 85122Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/27/20299.4 9.4 8.6 — %
Boucherie US Inc(#,^)251 Little Falls Drive, Wilmington, DE 19807Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/27/20291,077.8 1,077.8 978.7 0.29 %
Tim's Truck Capital & Auto Sales, Inc(#,^)904 Suncook Valley Hwy, Epsom, NH 3234Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%6/27/2029190.2 190.2 199.3 0.06 %
S & T Hardware Inc(#,^)2300 Nooseneck Hill, Coventry, RI 2816Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/27/2044196.7 196.7 224.8 0.07 %
Moon Landscaping, Inc, Moon Group, Inc moon Nursery, Inc, Moon Site(#,^)145 Moon Rd, Chesapeake City, MD 21915Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%6/27/20291,128.4 1,128.4 1,125.1 0.33 %
Shooter's Gun Club, LLC(#)2429 Iowa St Stes B, C and D, Lawrence, KS 66046Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/27/2030174.0 174.0 162.2 0.05 %
BB Services, LLC(#,^)580 39 Rd, Palisade, CO 81526Truck TransportationTerm LoanPrime plus 2.75%6/27/2029103.7 103.7 96.7 0.03 %
Crescent Event Productions, Inc(#,^)1327 Wood Branch Drive, Charlotte, NC 28273Administrative and Support ServicesTerm LoanPrime plus 2.75%6/27/2029313.3 313.3 292.6 0.09 %
Selective Automotive & Accessories Group, Inc(#,^)2221 Pelham Parkway, Pelham, AL 35124Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%6/26/2029223.7 223.7 214.7 0.06 %
Tekoa Enterpises, Inc(#,^)1033 Cannon Bridge Rd, Cordova, SC 29039Truck TransportationTerm LoanPrime plus 2.75%6/26/202951.7 51.7 49.0 0.01 %
Soft Touch Tissue & Paper LLC(#,^)1491 Hammond St, Bangor, ME 4401Paper ManufacturingTerm LoanPrime plus 2.75%6/26/2044229.9 229.9 262.6 0.08 %
RWBB Enterprises, LLC(#,^)4120 7th Ave, Kenosha, WI 53140Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/26/204474.3 74.3 82.7 0.02 %
Lynx Inspection Technologies LLC(#,^)8101 Miller Rd 2, Houston, TX 77049Support Activities for MiningTerm LoanPrime plus 2.75%6/26/2044564.1 564.1 644.5 0.19 %
JFK Transportation Inc(#,^)4 Mechanic St, Natick, MA 1760Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%6/26/202993.0 93.0 87.3 0.03 %
Child Care Ventures LLC dba Childcare Adventures ELC(#,^)3542 Glendale Ave, Toledo, OH 43614Social AssistanceTerm LoanPrime plus 2.75%6/26/2044144.0 144.0 152.3 0.04 %
All-City Towing LLC, Jeffrey James Piller(#,^)1213 W Mallory Ave, Milwaukee, WI 53221Support Activities for TransportationTerm LoanPrime plus 2.75%6/26/2029362.3 362.3 356.3 0.10 %
182
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Soft Touch Tissue & Paper LLC(#)1491 Hammond, Bangor, MA 4401Paper ManufacturingTerm LoanPrime plus 2.75%12/26/2029104.9 104.9 110.3 0.03 %
Paradise Towing & Recovery Inc(#,^)1115 S Homer Blvd, Sanford, NC 27330Repair and MaintenanceTerm LoanPrime plus 2.75%6/25/202995.1 95.1 94.2 0.03 %
Vanchoc Transport Inc(#,^)137 3rd St, Brooklyn, NY 11231Rental and Leasing ServicesTerm LoanPrime plus 2.75%6/25/202939.0 39.0 37.6 0.01 %
Spartan Technology Solutions, Inc(#,^)125 Venture Blvd, Spartanburg, SC 29306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/25/2044477.0 477.0 511.3 0.15 %
Worldwide Capital Management Inc.(#,^)6 Venture Ste 305, Irvine, CA 92618Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/25/2029129.8 129.8 117.9 0.03 %
Professional Tire Limited Liability Company(#,^)6655 Country Rd 32, Norwich, NY 13815Repair and MaintenanceTerm LoanPrime plus 2.75%6/25/2044136.2 136.2 147.8 0.04 %
567 Logistics, LLC(#,^)1924 Ruffin Mill Rd, Colonial Heights, VA 23834Support Activities for TransportationTerm LoanPrime plus 2.75%6/25/202944.7 44.7 42.1 0.01 %
Paradise Towing & Recovery Inc(#,^)1115 S. Horner Blvd, Sanford, NC 27330Repair and MaintenanceTerm LoanPrime plus 2.75%6/25/204471.7 71.7 81.8 0.02 %
Krsto, LLC dba Italian Butter Breadsticks(#,^)34683 Nova Dr, Clinton Twp, MI 48035Food ManufacturingTerm LoanPrime plus 2.75%6/24/2044186.3 186.3 205.5 0.06 %
Sweets By Karla LLC(#,^)3273 South John Young Parkway, Kissimmee, FL 34746Food ManufacturingTerm LoanPrime plus 2.75%6/24/202911.5 11.5 10.4 — %
Scissor Kids Inc(#,^)63 Hebron Ave, Ste F, Glastonbury, CT 6033Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/24/202914.5 14.5 13.3 — %
Peninsula Self Defense LLC(#,^)2766 Bay Rd, Redwood City, CA 94063Educational ServicesTerm LoanPrime plus 2.75%6/21/20294.7 4.7 4.4 — %
Small Batch Creations Inc. dba The Office Bar & Grill(#,^)295 E WASHINGTON AVE, SUNNYVALE, CA 94086Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/21/202954.3 54.3 49.4 0.01 %
Port Diesel L.L.C.(#)3212 Alex Trask Drive, Castle Hayne, NC 28429Repair and MaintenanceTerm LoanPrime plus 6.5%6/21/202911.4 11.4 11.8 — %
LuLuBelle's Mountain Banana Bread LLC(#)1063 Carousel Rd, Lake Arrowhead, CA 92352Food ManufacturingTerm LoanPrime plus 2.75%12/21/2045250.0 250.0 272.6 0.08 %
William Rose Inc(#,^)1 Grace Cove Rd, New Shoreham, RI 2807Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/21/204485.4 85.4 85.9 0.03 %
Campuscuts LLC(#)930 Robtrice Ct, Edmond, OK 73430Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/21/20296.8 6.8 7.1 — %
Central Texas Hygiene, LLC.(#,^)10201 McKalla Place, Austin, TX 78758Administrative and Support ServicesTerm LoanPrime plus 2.75%6/20/202977.5 77.5 70.4 0.02 %
International Institute for Learning Inc.(#,^)110 E 59th St ,31st floor, New York, NY 10022Educational ServicesTerm LoanPrime plus 2.75%6/19/2029268.5 268.5 243.8 0.07 %
Beck's Pub & Grill LLC(#,^)N6630 WI-49, Weyauwega, WI 54983Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/19/204468.4 68.4 76.0 0.02 %
Zion Motors Inc(#,^)6949 Wall Triana Hwy, Madison, AL 35757Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%6/19/204459.3 59.3 64.2 0.02 %
Bader Furniture Company Inc.(#,^)704 N Liberty St, Shamokin, PA 17872Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%6/19/20296.7 6.7 7.0 — %
Bonadi Inc. dba Polished Salon(#)9858 W Sample Rd, Coral Springs, FL 33065Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/17/202911.4 11.4 11.8 — %
183
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
American Demolition, Inc(#,^)401 N Kuner Rd, Brighton, CO 80601Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/17/2029174.0 174.0 182.4 0.05 %
JLM Consulting LP(#,^)3981 E Dunrobin Dr., Springfield, MO 65809Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/17/202917.7 17.7 16.1 — %
Comarco Quality Pork Products Inc, Comarco Pork Products of FL LLC(#,^)501 Jackson St, Camden, NJ 8104Food ManufacturingTerm LoanPrime plus 2.75%6/14/2029277.7 277.7 267.5 0.08 %
Kego 2 LLC dba Jon Smith Subs 80025(#,^)2001 W. Southlake Blvd Ste 143, Southlake, TX 76092Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/14/202998.4 98.4 91.8 0.03 %
A & S Services LLC dba Kona Ice of Troy(#,^)3888 Lightner Rd, Vandalia, OH 45377Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/14/204443.9 43.9 48.7 0.01 %
Law Office of Paula Padilla PLLC(#)2211 E Highland Ave Ste 130, Phoenix, AZ 85016Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%6/13/20294.6 4.6 4.7 — %
Picon Motors LLC dba The New Young's Motors(#,^)199-211 Central Ave, Orange, NJ 7080Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%6/12/2029213.8 213.8 217.3 0.06 %
GT Performance Plus Inc(#,^)4210 College St, Beaumont, TX 77707Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%6/11/204496.8 96.8 107.5 0.03 %
Ivesters Transportation, Inc(#,^)4299 South 2675 West, Roy, UT 84067Truck TransportationTerm LoanPrime plus 2.75%6/11/2029223.5 223.5 208.7 0.06 %
GT Performance Plus Inc(#,^)4210 College St, Beaumont, TX 77707Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%6/11/202968.2 68.2 62.7 0.02 %
Independent Transport, LLC dba Independent Water(#,^)3739 E Ridgeway Rd, Orange, CA 92867Nonstore Retailers Term LoanPrime plus 2.75%6/10/2029182.8 182.8 177.9 0.05 %
Archer Cleaners Inc(#)1514 W. 33rd St, Chicago, IL 60608Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/10/202911.4 11.4 11.8 — %
J&A Elliott Company(#,^)1118 Thornberry Dr, Clarksville, TN 37043Nonstore Retailers Term LoanPrime plus 2.75%6/7/20299.4 9.4 9.8 — %
Neely Motorsports, Inc dba Earl's Store #1;Earl's Performance Plumbing(#,^)15825-15827 Hawthorne Blve, Lawndale, CA 90260Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/7/2044236.4 236.4 260.0 0.08 %
Throop Family Holding Inc dba Klamath Basin Metals and Supply(#,^)7130 Crater Lake Hwy, White City, OR 97503Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/7/202935.8 35.8 34.1 0.01 %
Johnny's Boy LLC(#,^)127 East King St, Martinsburg, WV 25401Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/7/204499.4 99.4 108.6 0.03 %
Allison K. Chipak dba Still Photography(#)195 Terrace Place, Apt. 2, Brooklyn, NY 11218Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%6/6/202911.4 11.4 11.8 — %
Skin Beauty Bar Inc(#,^)749 8th St, Washington, DC 20003Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/6/20294.7 4.7 4.3 — %
Jamestown Quick Stop LLC(#,^)3097 24th Ave, Hudsonville, MI 49426Food and Beverage Stores Term LoanPrime plus 2.75%6/5/204468.2 68.2 73.7 0.02 %
Preferred Manufacturing Services Inc(#,^)4261 Business Drive, Cameron Park, CA 95682Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%6/5/2029425.1 425.1 445.4 0.13 %
Oasis Senior Advisors Franchise Systems, LLC(#,^)24870 Burnt Pine Drive, Bonita Springs, FL 34134Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)Term LoanPrime plus 2.75%6/4/2029272.5 272.5 281.6 0.08 %
Evoke Growth Advisory LLC(#,^)2600 Brookwood Way Drive, Unit 311, Rolling Meadows, IL 60008Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/3/20296.7 6.7 6.1 — %
184
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 30093Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/31/2029104.5 104.5 97.0 0.03 %
V & M Transportation LLC(#,^)1307 27th St Apt B, North Bergen, NJ 7047Truck TransportationTerm LoanPrime plus 2.75%5/31/202911.7 11.7 10.6 — %
Martin Inventory Management, LLC(#,^)304 1/2 Main St, Edgefield, SC 29824Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/31/202944.4 44.4 46.2 0.01 %
Morey Publishing LLC(#,^)575 Underhill Blvd, Ste 216, Syosset, NY 11791Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/31/202955.6 55.6 50.8 0.01 %
SSD Designs, LLC(#,^)486 Vance St, Forest City, NC 28043Chemical ManufacturingTerm LoanPrime plus 2.75%5/30/2044415.8 415.8 470.4 0.14 %
Aspen Welding LLC(#,^)28803 US-6, Rifle, CO 81650Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%5/30/2044399.4 399.4 439.0 0.13 %
Inside & Out Maintenance LLC(#,^)1698 SW Pancoast St, Port St Lucie, FL 34987Administrative and Support ServicesTerm LoanPrime plus 2.75%5/30/202989.0 89.0 81.3 0.02 %
AGR, Inc(#,^)2-255555 Kaumualii Hwy, Kalaheo, HI 96741Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/29/2044770.8 770.8 868.4 0.26 %
Brooklyn Breakfast Shop LLC(#,^)7707 S IH 35 Frontage Rd #730, Austin, TX 78744Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/29/20294.4 4.4 4.2 — %
Canela Media Inc(#,^)2715 Palomino Circle, La Jolla, CA 92037Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/29/2029105.6 105.6 99.2 0.03 %
PD Financial LLC(#,^)364 Parsippany Rd, Unit 7-B, Parsippany, NJ 7054Credit Intermediation and Related ActivitiesTerm LoanPrime plus 2.75%5/28/204435.7 35.7 40.4 0.01 %
SV Enterprise LLC dba Haagen-Dazs(#,^)1885 Briargate Pkwy, Space D-413, Colorado Springs, CO 80920Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/24/202982.5 82.5 75.1 0.02 %
MCM Design LLC(#)5926 Vinings Vintage Way, Mableton, GA 30126Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%5/23/20298.8 8.8 9.1 — %
Top Notch Roofing, Inc(#,^)46 Cherry St, Milton, VT 5468Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/23/2029109.3 109.3 101.9 0.03 %
2820 US HWY 98 N LLC dba Total Package Car Wash(#)2820 US Hwy 98 N, Lakeland, FL 33805Repair and MaintenanceTerm LoanPrime plus 2.75%5/23/2029118.6 118.6 123.2 0.04 %
McGuckin & Pyle Inc(#,^)120 Corporate Ln, New Bern, NC 28562Machinery ManufacturingTerm LoanPrime plus 2.75%5/23/2044301.1 301.1 331.1 0.10 %
Clowers Trucking By Faith LLC(#)705 E Brookwood PL, Valdosta, GA 31601Truck TransportationTerm LoanPrime plus 6.5%5/23/202911.2 11.2 11.6 — %
Gratitude Training, LLC(#,^)1901 N Federal Hwy, Ste 212, Pompano Beach, FL 33062Administrative and Support ServicesTerm LoanPrime plus 2.75%5/22/202968.2 68.2 62.0 0.02 %
ES&A, INC., A LAW CORPORATION(#,^)1003 Bishop St, Honolulu, HI 96813Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/22/2029100.0 100.0 91.5 0.03 %
Bloomquist Communications Inc. dba FastSigns(#,^)131 East Trinity Place, Decatur, GA 30030Miscellaneous ManufacturingTerm LoanPrime plus 2.75%5/22/202913.3 13.3 12.3 — %
Anchor Up Fitness and Nutrition, LLC(#,^)2464 US-29, Pensacola, FL 32505Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/21/202918.0 18.0 17.4 0.01 %
Kappa Investments LLC dba Buddy's Home Furnishings(#,^)365 Lowe's Drive, Ste H, Danville, VA 24540Rental and Leasing ServicesTerm LoanPrime plus 2.75%5/17/2029385.6 385.6 351.4 0.10 %
185
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Covalent Holding LLC(#,^)18 West Chestnut St,Unit 2F, Chicago, IL 60610Nonstore Retailers Term LoanPrime plus 2.75%5/17/2029219.8 219.8 214.8 0.06 %
BD Branson Victorian LLC dba Branson Surrey Inn(#,^)430 a/k/a 450 South Hwy 165, Branson, MO 65616AccommodationTerm LoanPrime plus 2.75%5/17/2029227.0 227.0 237.8 0.07 %
CJNR LLC dba Chenney Bear Cafe, Elma Lodge & Suites, Parkhurst Motel(#,^)208 East Main St, Elma, WA 98541AccommodationTerm LoanPrime plus 2.75%5/16/202916.7 16.7 17.5 0.01 %
Cut To The Chase 502 LLC(#,^)6903 Lakegreen Ct, Louisville, KY 40291Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/16/20293.0 3.0 2.9 — %
AMP Trucking Inc(#,^)1030 Gettysburg Ave, Clovis, CA 93161Truck TransportationTerm LoanPrime plus 2.75%5/16/2029231.9 231.9 210.6 0.06 %
Two Pie Lovers LLC dba Pizza Outpost(#,^)302 E. Millitary Hwy U1122, Brackettville, TX 78832Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/10/204442.7 42.7 47.5 0.01 %
The Lobster Pot Inc(#,^)119 Hope St, Bristol, RI 2809Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/10/2044360.6 360.6 401.9 0.12 %
Aloha To Go LLC(#,^)5903 Seminole Blvd, Seminole, FL 33772Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/9/202913.8 13.8 12.6 — %
Crystal D. Walls dba Crystal's Cleaning Service(#)26 Cooper Rd, Byhalia, MS 38611Administrative and Support ServicesTerm LoanPrime plus 6.5%5/9/20299.1 9.1 9.4 — %
Blue Country Firearms LLC(#,^)221 N Main St, Kingsfisher, OK 73750Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/8/204420.5 20.5 21.7 0.01 %
NYM Solutions Inc.dba NYM Solutions, Inc(#)12150 SW 128th St CT Ste 209, Miami, FL 33186Insurance Carriers and Related ActivitiesTerm LoanPrime plus 6.5%5/6/202911.3 11.3 11.7 — %
Folklore Music Exchange LLC(#,^)617 Tennessee Ave, Charleston, WV 25302Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%5/6/20294.6 4.6 4.1 — %
EPIFAB,LLC(#,^)1341 Brooks St Unit D, Ontario, CA 91762Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%5/3/202918.9 18.9 18.0 0.01 %
Global Enterprises LLC dba Verdi Pizza(#,^)3111 S Valley View Blvd, Las Vegas, NV 89102Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/3/202918.5 18.5 16.8 — %
Life View Prenatal Imagery, LLC(#,^)312 79th Ave North, Myrtle Beach, SC 29572Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/3/20295.4 5.4 5.1 — %
Mark Garvin dba Tipsy Canyon Winery(#,^)150 Upper Joe Creek Rd, Manson, WA 98831Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%5/3/2044103.6 103.6 118.2 0.03 %
Art Amore Studios, LLC(#,^)6507 Jester Blvd, Ste #107, Austin, TX 78750Educational ServicesTerm LoanPrime plus 2.75%5/3/20294.9 4.9 4.5 — %
Modern Trousseau, LLC(#,^)125 Bradley Rd, Woodbridge, CT 6525Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%5/1/2029277.8 277.8 279.9 0.08 %
DeVega Juice Co, - East Cobb, LLC dba Clean Juice Johnson Ferry(#,^)1205 Johnson Ferry Rd Ste 124, Marietta, GA 30068Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/202957.0 57.0 58.0 0.02 %
Midlothian Hardware, Inc dba Grills True Value(#,^)475 West 147th St, Midlothian, IL 60445Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%4/29/202935.3 35.3 37.0 0.01 %
Sona USA, Inc(#,^)15280 NW 79th Ct Ste 109, Miami Lakes, FL 33016TelecommunicationsTerm LoanPrime plus 2.75%4/26/2029145.7 145.7 139.1 0.04 %
Pellegrin Marine Transportation, LLC(#,^)117 Country Village Drive, Raceland, LA 70394Support Activities for TransportationTerm LoanPrime plus 2.75%4/26/2029116.8 116.8 111.0 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
ASM Partners LLC(#,^)1619 Roberts Drive SE, Mableton, GA 30126Nonstore Retailers Term LoanPrime plus 2.75%4/26/2029215.6 215.6 209.7 0.06 %
Jones Roger Sherman Inn, Inc.(#,^)195 Oenoke Ridge, New Canaan, CT 6840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/25/2029132.1 132.1 138.5 0.04 %
La Dolce Vita LLC.(#,^)196 N. Holiday Rd, Miramar Beach, FL 32550Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/25/2044459.1 459.1 514.8 0.15 %
La Dolce Vita, LLC, La Dolce Vita Watersports LLC, LDV Golf Cart(#,^)196 N. Holiday Rd, Miramar Beach, FL 32550Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/25/2029441.5 441.5 419.4 0.12 %
Quality Living Medical Alert, LLC(#,^)1882 Capital Circle NE, Ste 104, Tallahassee, FL 32308Social AssistanceTerm LoanPrime plus 2.75%4/24/202948.6 48.6 47.1 0.01 %
ER & DC McPherson Holdings, LLC(#,^)6957 W Broward Blvd., Plantation, FL 33317Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/19/202942.9 42.9 39.4 0.01 %
All My Best Inc.(#,^)4320 Anthony Court Stes 1,2,3, Rocklin, CA 95677Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%4/19/202955.3 55.3 51.8 0.02 %
2Choice2Friends dba 2 N 1 Salad Bar and Grill(#)901 W Braker Lane, Austin, TX 78758Food Services and Drinking PlacesTerm LoanPrime plus 6.5%4/17/202911.3 11.3 11.7 — %
Modern Demo & Services LLC(#,^)10161 W Park Run Drive, Las Vegas, NV 89145Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/17/2029110.4 110.4 101.4 0.03 %
Expert Building Services LLC(#,^)74 Roosevelt St, Pequannock Township, NJ 7440Administrative and Support ServicesTerm LoanPrime plus 2.75%4/17/202918.0 18.0 16.4 — %
Bottles on Broadway, LLC(#,^)1083 North Broadway, North Massapequa, NY 11758Food and Beverage Stores Term LoanPrime plus 2.75%4/17/2029113.7 113.7 104.8 0.03 %
Rello, Inc. dba ID Salon(#)8063 Jericho Turnpike, Woodbury, NY 11797Personal and Laundry ServicesTerm LoanPrime plus 6.5%4/17/20295.4 5.4 5.6 — %
Cormac Enterprises, Inc(#,^)1205 38th Ave North, Myrtle Beach, SC 29577Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%4/16/202919.9 19.9 18.3 0.01 %
Pranamji Inc dba Ohara's Beverage Spot(#,^)2300 Levit Rd, Lorain, OH 44052Food and Beverage Stores Term LoanPrime plus 2.75%4/16/204446.0 46.0 49.6 0.01 %
Bill Berger LLC(#,^)8728 Tireman Ave, Detroit, MI 48204Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%4/12/20297.9 7.9 7.2 — %
Samco Food Corp dba C-Town Supermarket(#,^)1761 Nostrand Ave, Brooklyn, NY 11226Food and Beverage Stores Term LoanPrime plus 2.75%4/12/202988.3 88.3 80.2 0.02 %
P. Moss Enterprises, LLC dba Garage Experts-Mid Atlantic(#,^)3563 South River Terrace, Edgewater, MD 21037Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/12/202938.8 38.8 36.3 0.01 %
Gilpin Enterprises, LLC dba Jon Smith Subs(#,^)17790 State Rd 54, Lutz, FL 33458Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/12/202970.2 70.2 65.3 0.02 %
Southern Gulf Construction, Inc.(#,^)367 Pine Island Rd, North Fort Myers, FL 33903Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/12/202998.2 98.2 97.8 0.03 %
J.T. ONeill Company, LLC(#,^)19972 Willowin Farm Lane, Purceville, VA 20132Real EstateTerm LoanPrime plus 2.75%4/12/20298.6 8.6 7.8 — %
Maxiflex LLC(#,^)512 Verret St, New Orleans, LA 70114Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%4/11/202955.2 55.2 57.8 0.02 %
VRGE Strategies LLC(#,^)1155 15th St NW, Washington, DC 20005Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/10/202987.5 87.5 79.5 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Georgetown Milling Co, LLC(#,^)9001 Wentworth Springs Rd, Georgetown, CA 95634Wood Product ManufacturingTerm LoanPrime plus 2.75%4/9/202911.3 11.3 10.6 — %
FRAJOVI Urban Air, LLC dba Urban Air Trampoline& Adventure Park(#,^)1256 Indian Head Rd, Toms River, NJ 8755Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%1/8/2030535.0 535.0 553.9 0.16 %
Bose and Avinder, Inc.and Carmel and Preet Inc(#,^)28201 Date Palm Drive, Cathedral City, CA 92234Gasoline Stations Term LoanPrime plus 2.75%4/5/202952.0 52.0 54.4 0.02 %
Marnon Enterprise LLC(#,^)6713 Biscay Hbr, San Antonio, TX 78249Administrative and Support ServicesTerm LoanPrime plus 2.75%4/5/20294.2 4.2 3.8 — %
Ren Investment Group Inc dba True Positon Manufacturing(#,^)40 Sandra Drive, South Windsor, CT 6074Machinery ManufacturingTerm LoanPrime plus 2.75%3/29/2029702.9 702.9 647.6 0.19 %
J Brothers Enterprises, LLC(#,^)1101 NW 12TH Ave, Ava, MO 65608Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/29/2044627.6 627.6 666.5 0.20 %
La Favorita Radio Network(#,^)4043 Geer Rd, Hughson, CA 95326Broadcasting (except Internet)Term LoanPrime plus 2.75%3/29/2029329.3 329.3 307.8 0.09 %
Royalty Freight Inc.(#,^)3728 W McKinley Ave, Fresno, CA 93772Truck TransportationTerm LoanPrime plus 2.75%3/29/2029375.1 375.1 361.1 0.11 %
Key HR Associates, Inc dba Parents Choice for Kids(#,^)3150 West Park Drive, Burnsville, MN 55306Social AssistanceTerm LoanPrime plus 2.75%3/29/2044443.8 443.8 475.8 0.14 %
Hamsons Inc.(#,^)4900 Hopyard Rd, Pleasanton, CA 94588Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%3/29/2029164.4 164.4 149.0 0.04 %
EJ & James Transport LLC(#,^)3100 Drewsky Lane Unit 108, Fort Mills, SC 29715Truck TransportationTerm LoanPrime plus 2.75%3/29/20298.3 8.3 8.0 — %
Bhatti LLC dba Auntie Ann's & Bhatti LLC 1(#,^)7219 Silver Mist Ave, North Chesterfield, VA 23237Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/29/2029145.0 145.0 131.5 0.04 %
Reliable Power Group Inc. dba Batteries + bulbs Pensacola(#,^)6895 N. 9th Ave Ste B, Pensacola, FL 32504Repair and MaintenanceTerm LoanPrime plus 2.75%3/29/202987.7 87.7 79.7 0.02 %
Bright Freight Solution, LLC(#,^)1112 N Main St, Manteca, CA 95336Truck TransportationTerm LoanPrime plus 2.75%3/29/20291,039.9 1,039.9 985.5 0.29 %
Pizzaplex L3C(#,^)4458 West Vernor Hwy, Detroit, MI 48209Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/29/202939.2 39.2 36.2 0.01 %
Raven's Place LLC(#,^)13031 S Western Ave, Blue Island, IL 60406Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/29/2044672.4 672.4 727.6 0.21 %
Bayco Enterprises, Inc(#,^)128 Cowesett Ave, West Warwick, RI 2893Gasoline Stations Term LoanPrime plus 2.75%3/29/2044193.4 193.4 220.7 0.07 %
Stillwater Ventures, LLC(#,^)8272 W. Sunset Blvd, Los Angeles, CA 90048Nonstore Retailers Term LoanPrime plus 2.75%3/29/2029339.8 339.8 333.1 0.10 %
NuBe Business Group LLC(#,^)2140 44th St SE, Ste 201, Grand Rapids, MI 49508Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/29/204439.9 39.9 45.5 0.01 %
Iredell Oral & Facial Surgery, P.C. dba Johnson Oral Surgery(#,^)229 Medical Park Rd, Ste 310, Mooresville, NC 28117Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/2044820.8 820.8 873.3 0.26 %
Felipe Antonio Del Valle M.D. P.A.(#,^)7190 SW 87th Ave Ste 203, Miami, FL 33173Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/202913.2 13.2 11.9 — %
StillBasi Holdings, Inc. dba Buxton Auto Transport(#,^)9371 Jackson Rd, Sacramento, CA 95826Truck TransportationTerm LoanPrime plus 2.75%3/29/2029267.2 267.2 252.2 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Knoxville Room Service(#,^)10670 Parkside Drive, Knoxville, TN 37922Food and Beverage Stores Term LoanPrime plus 2.75%3/29/20295.9 5.9 5.5 — %
Outtasight Careers, LLC dba Gecko Hospitality(#,^)109 W Fern St, Tampa, FL 33604Administrative and Support ServicesTerm LoanPrime plus 2.75%3/29/202945.6 45.6 41.3 0.01 %
Peak Performance Associates LLC dba Nova Hypnosis and Wellnes(#,^)10420 Hunter View Rd, Vienna, VA 22181Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/29/202952.6 52.6 47.7 0.01 %
Complete Care IT LLC(#,^)4801 South University Drive Ste 125, Davie, FL 33328Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/29/202946.0 46.0 41.8 0.01 %
Turtle Shirts, LLC(#,^)10241 Metro Pkwy# 108, Ft Myers, FL 33966Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/29/202947.6 47.6 43.9 0.01 %
Skaggs RV Outlet ,LLC(#,^)301 Commerce Drive, Elizabethtown, KY 42701Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/28/2029218.9 218.9 229.0 0.07 %
Cleland Pharmacy LLC(#,^)202 S First St, Wakeeney, KS 67672Health and Personal Care StoresTerm LoanPrime plus 2.75%3/28/202919.7 19.7 20.6 0.01 %
J.C. Pallet Company, Inc.(#,^)18427 New Kent Hwy, Barhamsville, VA 23011Wood Product ManufacturingTerm LoanPrime plus 2.75%3/28/2029394.6 394.6 389.2 0.11 %
Planet X Tobacco & Gift, LLC(#,^)900 West Northern Lights Blvd, Anchorage, AK 99503Miscellaneous Store RetailersTerm LoanPrime plus 2.75%3/28/2044175.8 175.8 200.6 0.06 %
GS Bath Inc(#,^)5335 E. Kaviland Ave, Fresno, CA 93725Truck TransportationTerm LoanPrime plus 2.75%3/28/2029274.2 274.2 262.5 0.08 %
Four Seasons Laser Center Inc.(#,^)4720 NW 2nd Ave Unit D104 and Unit D-105, Boca Raton, FL 33498Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/28/202912.9 12.9 12.9 — %
Custom Vinyl Products LLC(#,^)260 Enterprise Drive, Newport News, VA 23603Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/28/2044985.2 985.2 1,075.1 0.32 %
Cocomo Joe's LLC(#,^)3949 New Rd, Youngstown, OH 44515Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/28/20293.0 3.0 2.9 — %
PA Sobol Partners LLC dba Sobal(#,^)206 Rohrerstown Rd, Lancaster, PA 17603Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/28/202945.1 45.1 42.1 0.01 %
Cinco Fit LLC dba Cinco Fit(#,^)23010 Highland Knolls Blvd, Ste G, Katy, TX 77494Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/27/2029144.7 144.7 131.1 0.04 %
Ocean Trans LLC and Dehal Trucking LLC(#,^)1415 W Anderson St, Stockton, CA 95206Truck TransportationTerm LoanPrime plus 2.75%3/27/202965.9 65.9 68.9 0.02 %
Danielle Vance LPC, LLC dba Danielle Vance MA, LPC(#,^)2543 Eliot St, Denver, CO 80211Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/27/20295.0 5.0 4.5 — %
DC AG, LLC dba Big B Sales(#,^)674 LA- 8, Sicily Island, LA 71368Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/27/2044572.0 572.0 615.5 0.18 %
Heritage Hills Athletics 1, LLC and Heritage Hills Athletics 1, LLC(#,^)2880 Carol Rd, East York, PA 17402Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/26/20441,220.5 1,220.5 1,327.9 0.39 %
District 5 Boutique LLC(#,^)317 N Farview Ave, Paramus, NJ 7652Nonstore Retailers Term LoanPrime plus 2.75%3/26/2029109.6 109.6 99.3 0.03 %
Gary Krause dba Gary Krause Landscaping & Design(#,^)489 Hamilton Rd, Jacksonville, OR 97530Administrative and Support ServicesTerm LoanPrime plus 2.75%3/22/20295.3 5.3 5.1 — %
189
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Virginia Industrial Plastics, Inc.(#,^)2454 N East Side Hwy,, Elkton, VA 22827Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%3/22/2044290.0 290.0 330.5 0.10 %
Skyways, LTD(#,^)350 15th St NW, Huron, SD 57350Support Activities for TransportationTerm LoanPrime plus 2.75%3/22/2029740.7 740.7 676.2 0.20 %
J & C May Properties, LLC(#,^)315 Sylamore Ave, Mountain View, AR 72560Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/22/20441,103.2 1,103.2 1,140.7 0.34 %
Virginia Industrial Plastics, Inc.(#,^)2454 North East Side Hwy, Elkton, VA 22827Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%3/22/2029243.0 243.0 254.2 0.07 %
Dependable Lawn Care, Inc.(#,^)2320 138TH ST, Blue Island, IL 60406Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/21/2029467.2 467.2 443.6 0.13 %
Dependable Lawn Care, Inc.(#,^)2320 138th St, Blue Island, IL 60406Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/21/2044186.3 186.3 210.0 0.06 %
Pitman Holding LLC(#,^)1116 E Main St, Richmond, VA 23219Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/21/20296.6 6.6 6.2 — %
American Trails Transport, LLC(#,^)8704 Grand Ave, Billings, MT 59106Truck TransportationTerm LoanPrime plus 2.75%3/21/202948.1 48.1 45.8 0.01 %
Michigan Neurosurgical Institute P.C.(#,^)9400 South Saginaw St, Unit 1, Grand Blanc, MI 48439Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/20/2029158.9 158.9 144.6 0.04 %
Mega Trucking LLC and Olyimpian Industries LLC(#,^)5979 NW 151st St, Miami Lakes, FL 33014Truck TransportationTerm LoanPrime plus 2.75%3/20/2029351.0 351.0 340.9 0.10 %
Sound Manufacturing Inc(#,^)1 Williams Lane, Old Saybrook, CT 6475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/20/202943.8 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 48439Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/20/2044345.4 345.4 369.6 0.11 %
Marvellous Print & Ship LLC(#,^)605 W Main St, Oxford, KS 67119Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/19/20293.0 3.0 2.7 — %
Frontline Selling LLC(#,^)6505 Shiloh Rd,Units 300,310 and 320, Alpharetta, GA 30005Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/19/2029274.0 274.0 286.6 0.08 %
Game Station, Inc.(#,^)2917 1st Ave SE, Cedar Rapids, IA 52402Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/19/2029230.2 230.2 218.9 0.06 %
B & W Towing LLC(#,^)701 Addison Rd, Painted Post, NY 14870Support Activities for TransportationTerm LoanPrime plus 2.75%3/15/202950.4 50.4 52.7 0.02 %
Panetcarne Inc.dba Jersey Mike's Subs Greenfield(#,^)23077 Greenfield Rd, Southfield, MI 48075Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/202981.7 81.7 75.5 0.02 %
Vanchoc Transport Inc(#,^)137 3rd St, Brooklyn, NY 11231Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/15/202976.7 76.7 69.5 0.02 %
Stepping Stones Children's Academy LLC(#,^)1655 E Warm Springs Rd, Las Vegas, NV 89119Social AssistanceTerm LoanPrime plus 2.75%3/15/2044364.9 364.9 400.2 0.12 %
Screening Services Group, LLC(#,^)8670 Wilshire Blvd, Beverly Hills, CA 90211Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%3/14/2029250.7 250.7 232.5 0.07 %
Space Express, LLC(#,^)2775 Burris Rd, Davie, FL 33314Truck TransportationTerm LoanPrime plus 2.75%3/12/2029126.6 126.6 117.3 0.03 %
Mill Creek Early Childhood Program LLC(#,^)510 South Batavia Ave, Batavia, IL 60510Social AssistanceTerm LoanPrime plus 2.75%8/11/202955.8 55.8 50.7 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 80403Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/8/202976.8 76.8 74.0 0.02 %
Kalloren Provel LLC(#,^)6919 Oak Ridge Commerce Way, Austell, GA 30168Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/8/2044274.0 274.0 300.7 0.09 %
Precise Air Systems, Inc(#,^)5467 W San Fernando Rd, Los Angeles, CA 90039Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/8/2029231.0 231.0 211.8 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 84762Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/8/2044196.2 196.2 218.4 0.06 %
Wildflour Bakery & Cafe LLC(#,^)5137 Clareton Dr Ste 100,110 & 120, Agoura Hills, CA 91301Food ManufacturingTerm LoanPrime plus 2.75%3/8/202976.8 76.8 69.6 0.02 %
SG Welch Inc dba Sparks Auto Service(#,^)19138 Molalla Ave, Oregon City, OR 97045Repair and MaintenanceTerm LoanPrime plus 2.75%3/8/202954.9 54.9 50.6 0.01 %
Seeds of Knowledge Creative Learning Center LLC(#,^)15101 West McNichols Rd, Detroit, MI 48235Social AssistanceTerm LoanPrime plus 2.75%3/7/204421.9 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 48328Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/4/2029138.1 138.1 125.2 0.04 %
NY Scoops LLC dba Cool Suppliers and Breakneck Road LLC(#,^)20 Silver Fox Lane, Sussex, NJ 7461Food ManufacturingTerm LoanPrime plus 2.75%2/28/202944.0 44.0 43.6 0.01 %
Wooter Apparel, Inc(#,^)727 Page Ave., Staten Island, NY 10307Nonstore Retailers Term LoanPrime plus 2.75%2/28/202943.5 43.5 40.1 0.01 %
Monkey Bones LLC(#,^)3361 Dayton Xenia Rd, Beavercreek, OH 45432Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/28/204419.0 19.0 21.6 0.01 %
Woodard Electric Services, Inc.(#,^)1600 Carter Cove Rd, Hayesville, NC 28904Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/28/202918.8 18.8 17.3 0.01 %
Shah Medical Center SC & Heeena Shyamani(#,^)484 Summit St, Elgin, IL 60120HospitalsTerm LoanPrime plus 2.75%2/28/2044246.6 246.6 255.5 0.08 %
Matrix Z LLC(#)800 SW 21st Terrace, Ft Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 6.5%2/27/202911.1 11.1 11.5 — %
Merdad Dentistry PLLC dba Easy Dental Care(#,^)7522 Old Linton Hall Rd, Gainesville, VA 20155Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/26/202913.7 13.7 12.4 — %
Harbor Management Company Inc dba Jamba Juice(#,^)5501 Josh Birmingham Pkwy Concourse A, Charlotte, NC 28208Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/22/2029130.6 130.6 119.6 0.04 %
Mia Restoration Inc dba PuroClean and Puroclean of Morristown NJ(#,^)3633 B Hill Rd, Parsippany, NJ 7054Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%2/21/202935.9 35.9 33.4 0.01 %
Citiline Cafe At Jacobs Plaza, LLC dba Citiline Cafe(#,^)12140 Wickchester Ln STE 130, Houston, TX 77079Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/20/202942.3 42.3 38.4 0.01 %
Bowl 360 Inc.(#,^)98-18 Rockaway Blvd, Ozone Park, NY 11417Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/19/2029141.6 141.6 136.6 0.04 %
Rob Barletta's Hockey School, Inc(#,^)2130 Providence Hwy, Walpole, MA 2081Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%2/19/202994.8 94.8 99.2 0.03 %
191
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Bowl 360 Inc.(#,^)98-18 Rockaway Blvd, Far Rockaway, NY 11417Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/19/2029121.4 121.4 110.5 0.03 %
Outler Transportation Services,LLC(#,^)3775 Carriage Downs CT SW, Snellville, GA 30039Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%2/19/202939.8 39.8 36.6 0.01 %
M & M Burgers Inc dba Checkers(#,^)530 Willis Ave, Bronx, NY 10455Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/2029100.8 100.8 93.1 0.03 %
Integris Roofing, Inc(#,^)1174 Yellostone Drive, Lake Arrowhead, CA 92532Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/15/202919.6 19.6 17.8 0.01 %
Tony Herring & Associates, Inc(#,^)211 West Camellia Drive, Slidell, LA 70458Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%2/14/202913.1 13.1 13.7 — %
Gateway Veterinary Services, P.C. dba Liberty Animal Clinic(#,^)9212 Liberty Ave, Ozone Park, NY 11417Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/14/2044134.4 134.4 153.2 0.05 %
Par-Man, Inc. dba Rockstar Tattoo(#,^)450 Fremont St #109 and 113, Las Vegas, NV 89101Health and Personal Care StoresTerm LoanPrime plus 2.75%2/14/202954.5 54.5 49.8 0.01 %
KHSE Parks, Inc.(#,^)600 West Charles St, Matthews, NC 28105Administrative and Support ServicesTerm LoanPrime plus 2.75%2/14/202969.9 69.9 63.4 0.02 %
Precedence Enterprises LLC dba Spartan Junk Removal(#,^)8101 Sandy Spring Rd Ste 250N, Laurel, MD 20707Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%2/8/202913.8 13.8 13.2 — %
Pamletics LLC dba F45(#,^)22015 IH 10 West, San Antonio, TX 78249Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/8/20293.3 3.3 3.2 — %
Shepherd Fitness, LLC dba Workout Anytime Ooltewah(#,^)9408 Apison Pike, Ste 11, Ooltewah, TN 37363Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/8/2029147.3 147.3 140.1 0.04 %
EJGR Corp dba Brite Energy Solutions(#,^)87 Main St Upper Level, Hastings-on-Hudson, NY 10706UtilitiesTerm LoanPrime plus 2.75%2/8/202954.4 54.4 49.5 0.01 %
Creative Counseling Nashville PLLC(#,^)4119 Gallatin Pike, Nashville, TN 37216Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/7/20291.9 1.9 1.8 — %
RIHAHN INC dba RDBL, INC.(#,^)1397 McGuire Rd, Lamar, AR 72846Forestry and LoggingTerm LoanPrime plus 2.75%2/5/20296.0 6.0 6.3 — %
Hernando Beach Motel Inc.,The Purple Cow House of Pancake Inc(#,^)4291 Shoal Line Blvd, Hernando Beach, FL 34607AccommodationTerm LoanPrime plus 2.75%2/1/202913.1 13.1 13.7 — %
Jesus and Son's Landscape Contractors, LLC(#,^)4371 Durham Court, Denver, CO 80239Administrative and Support ServicesTerm LoanPrime plus 2.75%2/1/202950.1 50.1 46.5 0.01 %
Employer Resource Services LLC dba Data Pool(#,^)500 Research Rd, Richmond, VA 23236Administrative and Support ServicesTerm LoanPrime plus 2.75%1/31/202931.3 31.3 28.4 0.01 %
MYC Motors Inc(#,^)3808 Vegas Drive, Las Vegas, NV 89108Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%1/30/204472.9 72.9 83.0 0.02 %
FNF LLC dba WineStyles(#,^)11109 Old Seward Hwy, Anchorage, AK 99515Food and Beverage Stores Term LoanPrime plus 2.75%1/22/2029214.1 214.1 194.2 0.06 %
IGWT Coffee, LLC dba PJ's Coffee of New Orleans(#,^)414 Union St, Nashville, TN 37219Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/18/202971.4 71.4 64.7 0.02 %
MMC Investors, LLC dba Clean Juice(#,^)2879 W 95th St Ste 195, Naperville, IL 60564Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/18/202976.9 76.9 71.0 0.02 %
Hilco Athletics & Graphics Inc(#,^)55 Green Hill St, West Warwick, RI 2816Apparel ManufacturingTerm LoanPrime plus 2.75%1/16/204466.9 66.9 76.2 0.02 %
192
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Fluid Connections LLC dba BurgerIM(#,^)174 El Cerrito Plaza, El Cerrito, CA 94530Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/11/202954.1 54.1 51.7 0.02 %
CMLCLEARWATERBEACH.LLC dba Cousins Maine Lobster(#,^)309 Coronado Drive, Clearwater Beach, FL 33767Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/11/202978.1 78.1 71.7 0.02 %
HSR Tacos LLC dba California Tortilla(#,^)11694 Sudley Manor Drive, Manassas, VA 20109Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/11/202947.2 47.2 42.8 0.01 %
Rashed and Shabila LLC(#,^)14865 Hwy 92, Woodstock, GA 30188Gasoline Stations Term LoanPrime plus 2.75%1/4/202919.5 19.5 18.7 0.01 %
Romain Tower Inc. David Romaine, Sugar Land Crane and Rigging, LLC(#,^)215 S Persimmon St,, Tomball, TX 77375Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/31/2028210.6 210.6 190.9 0.06 %
The Chop House Inc.(#,^)191 Old Tower Hill Rd., South Kingstown, RI 2879Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/31/2043541.6 541.6 584.0 0.17 %
Capitol Fitness Inc. dba Anytime Fitness Shelby(#,^)49045 Van Dyke Ave, Shelby Charter Township, MI 48317Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/28/202810.1 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 34135Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%12/28/204318.2 18.2 20.7 0.01 %
Superior Concepts Acquisition Corp(#,^)1710 Tiles Court, Grand Haven, MI 49417Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/28/2043497.4 497.4 525.1 0.15 %
Nix and Nix Funeral Home North Inc,(#,^)1621 W. Dauphin St, Philadelphia, PA 8065Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/28/2043556.7 556.7 622.4 0.18 %
Superior Concepts Acquisition Corp(#,^)1710 Tiles Ct, Grand Haven, MI 49417Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/28/2028105.5 105.5 99.6 0.03 %
American Rewinding of NC Inc dba MTS(#,^)1825 N Rocky River Rd, Monroe, NC 28110Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/28/2028376.5 376.5 356.4 0.11 %
Omega Funeral and Cremation Services,LLC(#,^)9503 Kenwood Rd, Cincinnati, OH 45242Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/28/2043331.9 331.9 359.4 0.11 %
Medworxs Inc.(#,^)6857 Timbers Drive, Evergreen, CO 80439Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/27/20289.0 9.0 8.2 — %
East Breeze LLC dba Historic Springdale Pub and Eatery(#,^)32302 East Historic Columbia River Hwy, Corbett, OR 97019Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/27/2043124.5 124.5 137.8 0.04 %
Fave Realty Inc.(#,^)74 Larkfield Rd, East Northport, NY 11731Real EstateTerm LoanPrime plus 2.75%12/27/2043119.9 119.9 136.7 0.04 %
Green Valley Landscape Management Inc. dba Apopka Mower and Equipment(#,^)2975 W Orange Blossom Trail, Apopka, FL 32712Administrative and Support ServicesTerm LoanPrime plus 2.75%12/27/2043450.7 450.7 483.5 0.14 %
Reservations Unlimited LLC(#)312 W Main St, Red River, NM 87558Real EstateTerm LoanPrime plus 2.75%12/26/2043138.1 138.1 152.9 0.05 %
BD Branson Victorian LLC dba Branson Victorian Inn(#,^)450 South Hwy 165, Branson, MO 65616AccommodationTerm LoanPrime plus 2.75%12/24/2043483.3 483.3 536.9 0.16 %
RM Hawkins LLC(#,^)5141 Topaz Drive, Colorado Springs, CO 80918Nonstore Retailers Term LoanPrime plus 2.75%12/24/2028257.6 257.6 246.2 0.07 %
193
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Timios Enterprises Corp dba Palm Court(#,^)1912 N Arlington Heights Rd., Arlington Heights, IL 60004Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/24/2043688.3 688.3 752.4 0.22 %
LP Industries, Inc and Playground Packages, LLC(#,^)2040 Norwood, Lenoir, NC 28645Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/21/202883.1 83.1 75.4 0.02 %
D.A.F.S Transport, LLC(#,^)207 S. Teresa St, Monahans, TX 79756Truck TransportationTerm LoanPrime plus 2.75%12/21/2028564.1 564.1 571.3 0.17 %
Sesolinc GRP, Inc.(#,^)806 Randy Lowery Rd, Statesboro, GA 30461Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/21/2028322.2 322.2 311.3 0.09 %
The Law Office of Jared E. Shapiro, P.A(#,^)7777 Glades Rd, Ste 100, Boca Raton, FL 33434Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/20289.7 9.7 8.7 — %
Royalty Freight Inc(#,^)3728 W McKinley Ave, Fresno, CA 93722Truck TransportationTerm LoanPrime plus 2.75%12/21/202883.8 83.8 75.9 0.02 %
Fifth Wheel Truck Stop 001, Inc.(#,^)3767 South Golden State Blvd, Fresno, CA 93725Gasoline Stations Term LoanPrime plus 2.75%12/21/202888.5 88.5 80.1 0.02 %
Burgess and Dudley, Incorporated(#,^)24462 NW 9th Place, Newberry, FL 32669Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/21/2028204.3 204.3 192.4 0.06 %
Diamond Estates LLC(#,^)110 Court St Ste 1, Cromwell, CT 6416Construction of BuildingsTerm LoanPrime plus 2.75%12/21/202864.4 64.4 58.3 0.02 %
Kyle M Walker DDS, PC(#,^)1402 W Park Ave, Orange, TX 77630Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/21/202898.6 98.6 89.2 0.03 %
Baseline Health, LLC & Baseline Health Management, LLC(#,^)1101 Stewart Ave Ste 104, Garden City, NY 11530Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/21/2028102.2 102.2 94.2 0.03 %
Precision Bytes LLC dba Tower Connect(#,^)607 West Magnolia Ave, Fort Worth, TX 76104Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/2028112.0 112.0 101.3 0.03 %
Cammarata Associates LLC(#,^)5 Greentree Center, Marlton, NJ 8053Credit Intermediation and Related ActivitiesTerm LoanPrime plus 2.75%12/21/202864.4 64.4 58.3 0.02 %
Accel Compression Inc.,Accel Workover Services Inc dba Mica Tool (#,^)4500 S Country Rd, Odessa, TX 79768Rental and Leasing ServicesTerm LoanPrime plus 2.75%6/21/2044166.2 166.2 189.7 0.06 %
C&D Trucking & Equipment Service, Inc.(#,^)4015 Jennings Rd, Cleveland, OH 44109Repair and MaintenanceTerm LoanPrime plus 2.75%12/21/2043113.6 113.6 129.4 0.04 %
ETS Tree Service Inc and Eastern Tree Service, Inc(#,^)4813 Pinson Valley Parkway, Birmingham, AL 35215Administrative and Support ServicesTerm LoanPrime plus 2.75%12/21/2028197.6 197.6 189.4 0.06 %
Local Liberty Inc dba The Wardsboro Country Store(#,^)23 Main St, Wardsboro, VT 5355Food and Beverage Stores Term LoanPrime plus 2.75%12/20/2043150.7 150.7 166.9 0.05 %
Graff Excavating, Inc(#,^)803 E State St, Toledo, IA 52342Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/20/2028168.0 168.0 154.1 0.05 %
Alaska Motor Home Inc(#,^)6633 Brayton Drive, Anchorage, AK 99507Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/20/2028259.0 259.0 250.3 0.07 %
Flashii App, Inc.(#,^)75 E Santa Clara St, San Jose, CA 95113Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/20/202853.7 53.7 56.1 0.02 %
CK Green Partners, LLC dba Reis and Irvy"s Columbus(#,^)5010 Augusta Drive, Westerville, OH 43082Nonstore Retailers Term LoanPrime plus 2.75%3/20/2029167.5 167.5 162.8 0.05 %
Hotel Compete, LLC(#,^)223 W Jackson Blvd, Chicago, IL 60606Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/20/202853.7 53.7 48.6 0.01 %
194
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 29464Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/20/202939.6 39.6 37.0 0.01 %
Yellow Fin Marine Services LLC, K Marine XI, LLC K Marine VIII, LLC(#,^)2043 Coteau Rd, Houma, LA 70364Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/20/2028401.9 401.9 417.5 0.12 %
Roots N Shoots, LLC & Yardplus LLC(#,^)86 Boston Rd, Chelmsford, MA 1824Administrative and Support ServicesTerm LoanPrime plus 2.75%12/20/202846.4 46.4 42.8 0.01 %
Accent Comfort Services, LLC(#,^)5035 W. W.T. Harris Blvd Ste C, Mecklenburg, NC 28269Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/19/202859.1 59.1 53.9 0.02 %
The Cromer Company(#,^)9800 NW 78th Ave, Hialeah Gardens, FL 33016Miscellaneous Store RetailersTerm LoanPrime plus 2.75%12/19/2028440.2 440.2 399.5 0.12 %
JejoJesi Corp dba Dukunoo Jamaican Kitchen, Dunkunoo(#,^)316 NW 24th St, Miami, FL 33180Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/19/202964.5 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 48505Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/19/2044410.7 410.7 455.0 0.13 %
Ventures TBD LLC dba The Bottle Tree(#,^)102 Davis St, Belmont, NC 28012Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/14/204395.9 95.9 103.0 0.03 %
Cordoba Foods LLC, Multi Logistics Network Inc, Karina Mena(#,^)4477 E 11th Ave, Hialeah, FL 33013Food ManufacturingTerm LoanPrime plus 2.75%12/14/2028272.8 272.8 257.5 0.08 %
Alpha Omega Trucking LLC(#,^)14432-14452 Stateline Rd, Brookings, OR 97415Truck TransportationTerm LoanPrime plus 2.75%12/14/202860.2 60.2 62.9 0.02 %
YBL Restaurant Group LLC dba Tropisueno(#,^)75 Yerba Buena Lane, San Francisco, CA 94103Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/14/2029336.5 336.5 307.3 0.09 %
Healthy Human, LLC(#,^)1007 Johnnie Dodds Blvd., Ste 123, Mount Pleasant, SC 29464Nonstore Retailers Term LoanPrime plus 2.75%12/14/2028107.3 107.3 97.1 0.03 %
Fitness Orlando LLC & Fitness Orlando Oviedo, LLC(#,^)160 Tuskawilla Rd Ste 1214, Winter Springs, FL 32708Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/14/2028236.5 236.5 222.5 0.07 %
Aero Consulting and Engineering Inc(#,^)7941 NW 3rd St, Plantation, FL 33324Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/14/202813.2 13.2 12.0 — %
Peanut Butter & Co., Inc.(#,^)119 West 57th St, Ste 300, New York, NY 10019Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/14/2028214.8 214.8 194.4 0.06 %
Alpha Landscape Contractors, Inc(#,^)2823 Fllintstone Rd, Millers, MD 21102Administrative and Support ServicesTerm LoanPrime plus 2.75%1/14/2029286.8 286.8 272.2 0.08 %
Mediterranean Tastes Inc dba Mediterranean Tastes Since 1974(#,^)196-15 Northern Blvd, Flushing, NY 11318Food and Beverage Stores Term LoanPrime plus 2.75%12/14/202813.5 13.5 12.3 — %
L&M Services, LLC(#,^)560 Main St, Milford, UT 84751Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/14/2043194.2 194.2 211.9 0.06 %
Sound Contracting LLC(#,^)148 Holmgren Place, Girdwood, AK 99587Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/14/2043191.5 191.5 207.4 0.06 %
Sound Contracting LLC(#,^)148 Holmgren Place, Girdwood, AK 99587Construction of BuildingsTerm LoanPrime plus 2.75%12/14/202835.9 35.9 34.5 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Stony Creek Wellness Group, LLC(#,^)264 Church St, Guilford, CT 6437Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/14/204395.9 95.9 106.3 0.03 %
The Miller Center for Esthetic Excellence,(#,^)22 Old Short Hills Rd,, Livingston, NJ 7039Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/13/2043378.2 378.2 391.2 0.12 %
OC Helicopters LLC(#,^)19711 Campus Drive Ste 260, Santa Ana, CA 92707Air TransportationTerm LoanPrime plus 2.75%12/13/202877.1 77.1 80.5 0.02 %
Plan B Burger LLC(#,^)484 Farmington Ave, Hartford, CT 6105Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/13/2029903.4 903.4 854.1 0.25 %
Burton Realty Co., Inc dba Anchor Realty, Northeast(#,^)2200 Michener St, Ste 12, Philadelphia, PA 19115Real EstateTerm LoanPrime plus 2.75%12/13/2028260.4 260.4 235.6 0.07 %
D for Dream LLC dba Blo Blow Dry Bar Inc(#,^)460 East 3rd Ave, New York, NY 10016Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/13/202966.7 66.7 60.6 0.02 %
Tapia Auto Care, LLC dba Shoreline Quick Lube and Car Wash(#,^)2 Center Rd,, Old Saybrook, CT 6475Repair and MaintenanceTerm LoanPrime plus 2.75%12/13/2043948.9 948.9 1,014.3 0.30 %
Tier1 Solutions LLC(#,^)1000 Essington Rd, Ste 111, Joliet, IL 60435Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/12/20298.8 8.8 8.0 — %
Mateo Enterprise Inc dba El Milagro Market(#,^)575 Panama Lane, Bakersfield, CA 93307Food and Beverage Stores Term LoanPrime plus 2.75%12/12/2043116.5 116.5 125.2 0.04 %
Behind The Scenes Chicago, LLC dba Paramount Events(#,^)1750 W Lake St, Chicago, IL 60612Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/12/2029221.4 221.4 221.7 0.07 %
Ashwood Food Services Inc. dba Jake Rooney's(#,^)119 Brooks Rd, Harwich Port, MA 2646Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/12/2043208.8 208.8 233.4 0.07 %
Airstrike Firefighters LLC(#,^)18115 62nd Ave NE, Kenmore, WA 98028Support Activities for Agriculture and ForestryTerm LoanPrime plus 2.75%12/12/20281,074.1 1,074.1 1,047.9 0.31 %
Mateo Enterprise Inc dba El Milagro Market(#,^)575 Panama Lane, Bakerfield, CA 93307Food and Beverage Stores Term LoanPrime plus 2.75%1/12/202951.6 51.6 46.8 0.01 %
Ashwood Food Services, Incorporated dba Jake Rooney's(#,^)119 Brooks Rd, Harwich Port, MA 2646Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/12/202958.1 58.1 55.0 0.02 %
EMES Supply, LLC(#,^)35622 Vine St, EastLake, OH 44095General Merchandise Stores Term LoanPrime plus 2.75%1/11/2029107.4 107.4 99.4 0.03 %
White Wilson & Associates LLC(#,^)16238 Louis Ave., South Holland, IL 60473Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/11/204341.3 41.3 44.3 0.01 %
B&B Bodega of Delray LLC(#,^)190 NE 2nd Ave, Delray Beach, FL 33444Food and Beverage Stores Term LoanPrime plus 2.75%1/11/202913.0 13.0 11.8 — %
Googlyoogly, LLC dba Bi-Rite Supermarket(#,^)10867 W Jefferson Ave, River Rouge, MI 46218Food and Beverage Stores Term LoanPrime plus 2.75%12/11/2043197.1 197.1 211.9 0.06 %
Hilltop Wine Shop, Inc dba Hiltop Wine Shop(#,^)7505 Highland Rd, White Lake, MI 48383Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/11/2043124.3 124.3 135.5 0.04 %
Duck's Nuts Inc dba Pet Place Market(#,^)212 Bendigo Blvd. N, North Bend, WA 98045Miscellaneous Store RetailersTerm LoanPrime plus 2.75%1/11/202937.3 37.3 35.9 0.01 %
TFE Resources ,LTD(#,^)11 Easter Court Ste G, Owings Mills, MD 21117UtilitiesTerm LoanPrime plus 2.75%1/11/2029514.1 514.1 479.5 0.14 %
Oregon Medical Training Private Career School Inc.(#,^)1126 Gateway Loop, Ste 108, Springfield, OR 97702Educational ServicesTerm LoanPrime plus 2.75%1/11/202934.4 34.4 31.2 0.01 %
ZLM Services LLC(#,^)51343 Oro Rd, Shelby Township, MI 33444Administrative and Support ServicesTerm LoanPrime plus 2.75%1/10/202934.4 34.4 31.2 0.01 %
196
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Team Henry, LLC dba Kelly Automotive of Deltona(#,^)1290 Doyle Rd, Deltona, FL 32725Repair and MaintenanceTerm LoanPrime plus 2.75%12/10/2043379.9 379.9 407.1 0.12 %
Food Service Industry Consultants Inc.(#,^)1465 Kelly Johnson Blvd, Colorado Springs, CO 80920Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/7/202962.0 62.0 56.4 0.02 %
CET Inc(#,^)4709 N El Capitan Ave. Ste 205, Fresno, CA 93722Truck TransportationTerm LoanPrime plus 2.75%1/6/20291,057.3 1,057.3 993.2 0.29 %
Metro R Services Inc. and Metal & Roof Supplies Inc.(#,^)20 Universal Place, Carlstadt, NJ 7072Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/6/2029178.5 178.5 186.7 0.06 %
Unique Home Solutions Inc. and Unique Home Solutions of Ohio(#,^)5550 Progress Rd, Indianapolis, IN 46241Construction of BuildingsTerm LoanPrime plus 2.75%1/5/2029218.6 218.6 228.6 0.07 %
Consulting Solutions, Inc and Mark Luciani(#,^)3000 N Federal Hwy, Ste 1, Fort Lauderdale, FL 33306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/5/202950.4 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 90036Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/5/202977.1 77.1 70.6 0.02 %
Levine Daycare Inc dba Kids R Kids(#,^)415 Woodbury Rd, Orlando, FL 32828Social AssistanceTerm LoanPrime plus 2.75%1/5/2029232.3 232.3 221.4 0.07 %
The Altitude Group LLC(#,^)949 A Clint Moore Rd, Boca Raton, FL 33487Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/4/2029122.5 122.5 111.6 0.03 %
Access Staffing, LLC(#,^)360 Lexington Ave 8th Floor, New York, NY 10017Administrative and Support ServicesTerm LoanPrime plus 2.75%1/4/2029167.1 167.1 151.5 0.04 %
York Concrete Corp(#,^)1 Plumb CT., Huntington Station, NY 11746Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/3/2043194.2 194.2 219.5 0.06 %
Swantown Inn and Spa, LLC(#,^)1431 11th Ave SE, Olympia, WA 98501AccommodationTerm LoanPrime plus 2.75%1/3/202911.6 11.6 12.1 — %
Hernando Beach Motel LLC,The Purple Cow House o APancake AInc.(#,^)4291 Shoal Line Blvd, Hernando Beach, FL 34607AccommodationTerm LoanPrime plus 2.75%11/30/2043218.2 218.2 248.4 0.07 %
Water Station Holdings LLC(#,^)1104 N Keystone Ave, Indianapolis, IN 46201Nonstore Retailers Term LoanPrime plus 2.75%12/30/2028592.1 592.1 578.2 0.17 %
Cabrera's Auto Services LLC(#,^)2206 N Central Ave, Chicago, IL 60639Repair and MaintenanceTerm LoanPrime plus 2.75%11/30/204378.7 78.7 86.5 0.03 %
Microplex Co, Third Market LLC(#,^)244 Spokane Ave, Whitefish, MT 59937Food and Beverage Stores Term LoanPrime plus 2.75%12/30/2028140.9 140.9 127.7 0.04 %
Luxury Furniture, Inc.dba Venicasa & Luxe Home Interiors(#,^)13762 W State Rd 84, Davie, FL 33325Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/30/2028106.8 106.8 108.1 0.03 %
Tammy's Place LLC(#,^)235 North Mosby Ave, Littleton, NC 27850Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/30/2044426.6 426.6 483.9 0.14 %
JJB Production LLC(#,^)458 N 7th St, Newark, NJ 7107Administrative and Support ServicesTerm LoanPrime plus 2.75%12/29/20286.3 6.3 5.7 — %
Albert M Quashie, DDS, PC(#,^)3331 Toledo Terrace Ste 308, Hyattsville, MD 20782Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/29/202874.8 74.8 73.1 0.02 %
Albert M. Quashie, DDS, PC(#,^)3331 Toledo Terrace Ste 308, Hyattsville, MD 20782Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%11/29/204363.1 63.1 68.3 0.02 %
Sky Wonder Pyrotechnics, LLC dba Sky Wonder Fire and Safety Gear Up (#,^)3626 CR 203, Liverpool, TX 77577Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%11/28/2043419.9 419.9 477.9 0.14 %
197
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Extreme Granite Corp(#,^)251 NW 1st St, Deerfield Beach, FL 33441Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/28/2043181.9 181.9 204.5 0.06 %
True Love Christian Academy LLC(#,^)466 E Raines Rd, Memphis, TN 38109Social AssistanceTerm LoanPrime plus 2.75%12/28/204340.7 40.7 45.9 0.01 %
Level Up Gaming, Inc(#,^)1132 Creighton Rd, Pensacola, FL 32504Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%11/28/204387.3 87.3 92.6 0.03 %
BEK Holdings LLC, Veseli Fine Art Galleries, LLC, Trusted.com LLC(#,^)12930 Worldgate Drive, Herndon, VA 20170Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/21/20281,109.5 1,109.5 1,158.1 0.34 %
Best Global Alternative North, LLC(#,^)69 Lewis Ave, Atlantic Beach, NY 11509Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/21/202875.0 75.0 67.8 0.02 %
M.A.W. Enterprises LLC dbaY-Not Pizza(#,^)45 E Main St, New Palestine, IN 46163Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/21/202819.2 19.2 18.4 0.01 %
Thames Aquatic Club, LLC(#,^)14 Iron St, Ledyard, CT 6339Educational ServicesTerm LoanPrime plus 2.75%10/21/202939.6 39.6 41.7 0.01 %
On Call Electrical of Georgia LLC(#,^)2120 Plaster Bridge Rd NE, Atlanta, GA 30324Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/20/2043644.4 644.4 695.7 0.21 %
Commonwealth Warehouse Inc(#,^)11013 Kenwood Rd., Cincinnati, OH 45242Warehousing and StorageTerm LoanPrime plus 2.75%12/20/2028361.7 361.7 350.1 0.10 %
K & A Automotive Inc(#,^)2070 Nooseneck Hill Rd, Coventry, RI 2816Gasoline Stations Term LoanPrime plus 2.75%11/19/2043118.5 118.5 132.5 0.04 %
High Desert Transport, Inc.(#,^)2015 Woodspring Terrace, Henderson, NV 89012Truck TransportationTerm LoanPrime plus 2.75%12/19/202866.5 66.5 62.2 0.02 %
Saunders Management LLC dba Northern Light Espresso Bar and Cafe(#,^)536 Spruce St, Scranton, PA 18503Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/16/202834.6 34.6 36.1 0.01 %
Cali Fit Meals(#,^)3450 East Orangethrope Ave, Anaheim, CA 92806Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/16/202853.4 53.4 48.5 0.01 %
Cocomo Joe's LLC(#,^)3949 New Rd, Youngstown, OH 44515Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/16/20280.6 0.6 0.5 — %
Beau & HB Inc dba Beau's Billiard, Bowling & Arcade(#,^)100 Village Rd, Port Lavaca, TX 77979Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/16/202937.6 37.6 38.1 0.01 %
Beau & HB Inc dba Beau's Billard, Bowling & Arcade(#,^)100 Village RD, Port Lavaca, TX 77979Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/16/204368.4 68.4 74.5 0.02 %
Allegro Assisted Living Services of Texas LLC(#,^)3400 Remington Dr, Plano, TX 75023Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%11/15/204358.9 58.9 67.0 0.02 %
Schafer Fisheries Inc.(#,^)21985 Waller Rd, Fulton, IL 61252Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%11/14/202843.7 43.7 45.6 0.01 %
US Dedicated LLC(#,^)13410 SE 26th Circle, Vancouver, WA 98683Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/9/2028374.3 374.3 344.2 0.10 %
Salon Femi LLC(#,^)1107 BRd St, Bloomfield, NJ 7003Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/9/20286.4 6.4 6.3 — %
McNeill Stokes(#,^)5372 Whitehall Pl SE, Mableton, GA 30126Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/8/20285.8 5.8 5.2 — %
Vancole Investments, Inc. dba Smoothie King #913(#,^)876 Virginia Ave, Hapeville, GA 30354Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/7/2044406.1 406.1 436.5 0.13 %
198
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 10022Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/1/2028277.6 277.6 251.1 0.07 %
Modutech Marine Inc(#,^)2218 Marine View Drive, Tacoma, WA 98422Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%12/1/2028320.5 320.5 334.6 0.10 %
Steele Security, LLC dba Signal 88 Security of San Antonio(#,^)11230 West Ave, Ste 2210, San Antonio, TX 78213Administrative and Support ServicesTerm LoanPrime plus 2.75%10/31/202894.2 94.2 86.2 0.03 %
Abington Caregivers, LLC(#,^)7804 Montgomery Ave Unit 3-6, Elkins Park, PA 19027Social AssistanceTerm LoanPrime plus 2.75%11/30/2043121.9 121.9 134.3 0.04 %
C.A.T.I. Armor, LLC(#,^)435 Packard Hwy, Charlotte, MI 48813Apparel ManufacturingTerm LoanPrime plus 2.75%10/30/2043203.9 203.9 220.7 0.07 %
Organic Juice Bar Wexford LLC dba The OJB "The Organic Juice Bar"(#,^) 1500 Village Run Rd, Wexford, PA 15090Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/30/202970.0 70.0 64.6 0.02 %
UK, LLC dba Pita Pit(#,^)20038 West Valley HWY, Kent, WA 98032Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/30/202953.2 53.2 49.4 0.01 %
Ohio Gold & Pawn LLC, Our New Building LLC and Corey Fischer(#,^)3970 Everhard Rd, NW, Canton, OH 44709Miscellaneous Store RetailersTerm LoanPrime plus 2.75%10/26/2028124.8 124.8 130.3 0.04 %
The Face Place, LLC dba Classic Aesthetics(#,^)4268 Cahaba Heights CT Ste 115, Vestavia, AL 35243Personal and Laundry ServicesTerm LoanPrime plus 2.75%10/25/20288.5 8.5 7.7 — %
Bellas Sports Pub, Inc dba Brewmasters Tavern(#,^)1152 Main St, Coventry, RI 2816Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/24/204367.2 67.2 76.1 0.02 %
Shovels and Whiskey LLC(#,^)446 SE Washington St, Hillsboro, OR 97123Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%10/16/204374.2 74.2 82.8 0.02 %
Hackstaff Restaurants LLC(#,^)248 W 1st. St Ste 201, Reno, NV 89501Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/2029141.9 141.9 131.1 0.04 %
TA Coleman, LLC dba Tom's Truck Shop(#,^)2101 Route 610, Woodbine, NJ 8270Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/12/20285.0 5.0 4.8 — %
Cater To You Agency, LLC, dba Cater To You(#,^)1319 Sherrick Rd SE, Canton, OH 44707Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/11/204321.8 21.8 23.7 0.01 %
Faydon, Inc(#,^)1905 W Baker St, Ste A, Plant City, FL 33567Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%10/10/202863.7 63.7 66.5 0.02 %
MB Click It Photography, LLC(#,^)100 Manchester Ranch Place, Aynor, SC 29511Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/10/204337.1 37.1 41.2 0.01 %
Wellfleet Consulting Inc.(#,^)2275 Research Blvd Ste # 500, Rockville, MD 20850Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/9/202812.7 12.7 11.5 — %
Apps Inc and Market Share Inc.(#,^)80 Main St, Old Saybrook, CT 6475TelecommunicationsTerm LoanPrime plus 2.75%10/5/202875.8 75.8 68.6 0.02 %
Moore Care LLC(#,^)8550 United Plaza Blvd., Baton Rouge, LA 79809Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/4/202844.0 44.0 39.8 0.01 %
JAM Media Solutions LLC(#,^)11 Netherwood Terrace, East Orange, NJ 7017Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/28/2028768.2 768.2 714.2 0.21 %
Throop Family Holdings, Inc(#,^)7130 Crater Lake, White City, OR 97603Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/28/2043621.5 621.5 672.2 0.20 %
A-1 Van Sevices, Inc.(#,^)154 Sandy Creek Rd, Verona, PA 15147Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%9/28/202890.7 90.7 90.4 0.03 %
199
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
SwabCo Inc.(#,^)2341 East Ellis St, Leveland, TX 79336Support Activities for MiningTerm LoanPrime plus 2.75%9/28/2043908.2 908.2 991.4 0.29 %
Rami Technology USA, LLC(#,^)10400 NW 33rd St, Miami, FL 33172Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%9/28/2028151.2 151.2 137.9 0.04 %
Burd Brothers Inc.(#,^)4005 Borman Drive, Batavia, OH 45103Truck TransportationTerm LoanPrime plus 2.75%9/28/2028450.5 450.5 441.7 0.13 %
La Venezia Corporation dba La Venezia Ballroom & Robertos Lounge(#,^)4646 SE 11th Place, Cape Coral, FL 33904Food and Beverage Stores Term LoanPrime plus 2.75%9/28/2043320.1 320.1 353.8 0.10 %
Blackwater Diving, LLC(#,^)112 Forrest Rd, Morgan City, LA 70380Support Activities for MiningTerm LoanPrime plus 2.75%9/27/2028670.7 670.7 622.2 0.18 %
Quality Electric & Data(#,^)85 Franklin Rd Unit 9B, Dover, NJ 7801Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/27/202883.8 83.8 82.4 0.02 %
Blue Seven, LLC(#,^)11111 San Jose Blvd, Ste 70, Jacksonville, FL 32223Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%1/27/202950.9 50.9 48.0 0.01 %
Quality Electric & Data Inc.(#,^)85 Franklin RD Unit 9B, Dover, NJ 7801Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/27/2043125.3 125.3 134.0 0.04 %
Action Barricade Company, LLC and Barricade Holding LLC(#,^)1802 N 27th Ave, Phoenix, AZ 85009Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/27/2028259.0 259.0 255.6 0.08 %
LG Law Center, Inc(#,^)15452 Amar Rd, La Puente, CA 91744Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/27/202812.6 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 33401Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%9/27/2028104.8 104.8 101.3 0.03 %
Catherine Brandon, PSY.D., Inc dba Kenneth A Deluca, PH.D., & Assoc(#,^)35888 Center Ridge Rd, Ste 5 & 6, North Ridgeville, OH 44039Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/27/202899.3 99.3 90.2 0.03 %
US Shipping Trans Inc, Esteem Trucking Inc(#,^)16102 Sweetwater Court, Lathrop, CA 95330Truck TransportationTerm LoanPrime plus 2.75%9/26/2028706.6 706.6 709.3 0.21 %
Dentistry By Design, P.C(#,^)315 Walt Whitman Rd Ste 204-205, South Huntington, NY 11746Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/26/202812.6 12.6 11.7 — %
Ace Auto Recovery, Inc.(#,^)1209 North Lane Ave, Jacksonville, FL 32254Administrative and Support ServicesTerm LoanPrime plus 2.75%9/26/2043154.1 154.1 170.2 0.05 %
LTS School, Inc.(#,^)3731 NW 9th Ave, Deerfield Beach, FL 33064Educational ServicesTerm LoanPrime plus 2.75%9/26/204397.7 97.7 111.2 0.03 %
Above and Beyond Preschool LLC(#,^)672-678 Camellia Drive, Royal Palm Beach, FL 33411Social AssistanceTerm LoanPrime plus 2.75%9/26/2043533.8 533.8 593.3 0.17 %
Newsome Mobile Notary LLC(#,^)8153 12th Ave SW, Seattle, WA 98106Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/25/20284.4 4.4 4.0 — %
Bhatti LLC, Bhatti 3 LLC, dba Auntie Annes(#,^)7219 Silver Mist Ave, North Chesterfield, VA 23237Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/25/2028105.1 105.1 98.3 0.03 %
Phillip Ramos Upholstery Inc.(#,^)3835 Elm St, Denver, CO 80207Repair and MaintenanceTerm LoanPrime plus 2.75%9/24/202813.0 13.0 11.7 — %
 D & D Optics Inc dba Sterling Optical(#,^)1487 East LaSalle Drive, Bismark, ND 58503Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/21/202845.4 45.4 41.7 0.01 %
200
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
DC Lofty, LLC,(#,^)301 I St NW, Washington, DC 20001AccommodationTerm LoanPrime plus 2.75%9/21/202818.9 18.9 17.2 0.01 %
Southern Services and Equipment, Inc(#,^)321 Bayou Rd, Saint Bernard, LA 70085Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/21/2028357.3 357.3 349.3 0.10 %
Southern Services and Equipment, Inc.(#,^)321 Bayou Rd, Saint Bernard, LA 70085Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/21/2043202.3 202.3 214.8 0.06 %
MillClem Corporation & Monticello Corporation(#,^)16660 Oak St, Dillwyn, VA 22936Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%9/21/2043319.6 319.6 363.3 0.11 %
The Garden Club, LLC(#,^)125 South DuBuque St, Iowa City, IA 52240Miscellaneous Store RetailersTerm LoanPrime plus 2.75%9/21/20285.7 5.7 5.1 — %
Tables and Bars Services, Inc and Tables and Bars Rentals, LLC(#,^)5051 Peachtree Corners Circle Ste #200, Norcross, GA 30092Administrative and Support ServicesTerm LoanPrime plus 2.75%9/20/202815.5 15.5 14.8 — %
Watearth Inc(#,^)445 South Figuerora Ste 3128, Los Angeles, CA 90071Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/19/202818.9 18.9 17.1 0.01 %
Lewis River Golf Course, Inc.(#,^)3209 Lewis River Rd, Woodland, WA 98674Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/19/2043482.4 482.4 548.5 0.16 %
Super Station Inc(#,^)8855 N Country Rd 25A, Pique, OH 45356Gasoline Stations Term LoanPrime plus 2.75%9/19/2043202.1 202.1 229.8 0.07 %
Dash Point Distributing LLC, Dash Point Logistics LLC and Sara Consal(#,^)35000 Pacific Hwy, Federal Way, WA 98003Truck TransportationTerm LoanPrime plus 2.75%9/19/2028406.5 406.5 367.2 0.11 %
C3 Capital, Inc(#,^)10010 N. Hampton Cove Lane, Indianapolis, IN 46236Nonstore Retailers Term LoanPrime plus 2.75%9/19/2028535.8 535.8 533.0 0.16 %
M&P RV LLC dba M&P RV(#,^)10 Century Lane, Dillsburg, PA 17019Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%9/19/2043105.4 105.4 119.8 0.04 %
DB Talak LLC(#,^)2018 SE 6th Ave, Portland, OR 97214Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/18/2043147.2 147.2 160.4 0.05 %
E & G Enterprises LLC dba Comfort Keepers(#,^)220 Middle St, Franklin, VA 23851Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/18/20285.0 5.0 4.6 — %
Pastel de Feira LLC dba Original Pastel De Feira(#,^)4244 Pine Ridge CT, Weston, FL 33331Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/17/20285.1 5.1 4.9 — %
Glendale Grill Inc, Roddy Cameron, Jr & John K Symasko(#,^)65 Glendale St, Easthampton, MA 1027Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/17/2043168.9 168.9 184.9 0.05 %
Culmination Motorsports, Inc.(#,^)160 W 91st Ave, Unit B, Anchorage, AK 99515Repair and MaintenanceTerm LoanPrime plus 2.75%9/17/2043539.9 539.9 611.7 0.18 %
L&M Equipment, Inc(#,^)Mile 2.5 Alaska Peninsula Hwy, Naknek, AK 99633Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/14/20431,206.1 1,206.1 1,330.7 0.39 %
J & C Garcia LLC(#,^)26 BRd St, Alexander City, AL 35010Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/14/202862.0 62.0 57.3 0.02 %
Baby's on Broadway LLC(#,^)47 East Broadway, Little Falls, MN 56345Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%9/14/202841.9 41.9 40.4 0.01 %
Rihahn Inc. dba RDBL, Inc(#,^)1397 McGuire Rd, Lamar, AR 72846Forestry and LoggingTerm LoanPrime plus 2.75%9/14/2028117.4 117.4 112.7 0.03 %
QBS, LLC dba Sterling Optical Exton(#,^)211 W Lincoln Hwy, Exton, PA 19341Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/14/202868.1 68.1 62.1 0.02 %
201
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Innovim LLC(#,^)6401 Golden Triangle Drive Ste 200, Greenbelt, MD 20770Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/14/202895.4 95.4 86.2 0.03 %
Innovative Network Solutions Inc(#,^)31567 West 10 Mile Rd, Farmington Hills, MI 48336Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/13/2028105.1 105.1 97.6 0.03 %
Underground Productions LLC dba 31 Escape(#,^)1731 Decatur Hwy, Fultandale, AL 35068Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/13/204395.4 95.4 108.4 0.03 %
Rancho Paving, Inc(#,^)339 Cypress Lane, El Cajon, CA 92020Repair and MaintenanceTerm LoanPrime plus 2.75%9/10/2028157.2 157.2 159.0 0.05 %
Pool Guard of LA(#,^)10866 Washington Blvd, Apartment #24, Culver City, CA 90232Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/7/202818.8 18.8 17.1 0.01 %
MurlinComputerCompany LLC dba Murlin Computer,(#,^)1014 Thompson Blvd Ste 38B, Sedalia, MO 65301Repair and MaintenanceTerm LoanPrime plus 2.75%9/7/202813.1 13.1 12.1 — %
Pelican Executives Suites, LLC(#,^)2200 Colorado Ave Sutie 131, Santa Monica, CA 90404Administrative and Support ServicesTerm LoanPrime plus 2.75%9/7/2028268.9 268.9 242.8 0.07 %
NY Tent, LLC dba Tent Company of New York LLC, NY Tent Parent LLC(#,^)140141 Lakeland Ave, Bohemia, NY 11716Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/7/2028270.2 270.2 263.6 0.08 %
Dr. G's Urgent Care LLC(#,^)1425 S Congress Ave, Delray Beach, FL 33445Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/7/202818.8 18.8 17.0 0.01 %
Asheville Spine and Nerve Institute PC(#,^)190 Broadway St Ste 205, Asheville, NC 28801Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/7/204387.2 87.2 98.7 0.03 %
Trolley Express Philly, Inc dba Shuttlebee &Honeybee Transportation(#,^)3401 Market St Ste 200, Philadelphia, PA 19104Support Activities for TransportationTerm LoanPrime plus 2.75%9/6/20287.6 7.6 7.3 — %
Living Centers Inc. dba Veranda House Senior Living(#,^)5129 E 5th St, Katy, TX 77493Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%8/31/2043406.4 406.4 462.0 0.14 %
LACCRB LLC dba PostNet(#,^)3250 Retail Dr Ste 120, Carson City, NV 89706Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%11/30/202812.7 12.7 11.7 — %
XL Soccer World Orlando. LLC, XL Soccer World Saco LLC, XL Sports World(#,^)825 Courtland St., Orlando, FL 32804Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/30/2043433.5 433.5 492.9 0.15 %
Stat Constructor L.P(#,^)9573 US Hwy 220, Stoneville, NC 27048Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/30/202888.1 88.1 91.8 0.03 %
ARVAmethod LLC(#,^)516 N Ogden Ave # 150, Chicago, IL 60642Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/29/20282.0 2.0 1.8 — %
Greenfield Hill Wines & Spirits, LLC(#,^)65 Hillside Rd, Fairfield, CT 6824Food and Beverage Stores Term LoanPrime plus 2.75%8/29/202876.5 76.5 69.8 0.02 %
Extreme Engineering, Inc.(#,^)598 Oliver Dr, Troy, MI 48084Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/29/2028103.9 103.9 94.7 0.03 %
Kotyark LLC dba Gibsonton Motel(#,^)11545 US Hwy 41S, Gibsonton, FL 33534AccommodationTerm LoanPrime plus 2.75%8/29/204379.5 79.5 90.4 0.03 %
Graphish Studio, Inc.(#,^)231 Main St, Stamford, CT 6901Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/28/20286.2 6.2 5.6 — %
JFK Transportation Inc(#,^)4 Mechanic St, Natick, MA 1760Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%8/28/2028129.3 129.3 119.0 0.04 %
202
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Atlas Geo-Constructors LLC(#,^)3466 Thomasville Rd Winston, Winston-Salem, NC 27107Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/24/202862.9 62.9 64.0 0.02 %
Montana Life Group, LLC(#,^)8 N 9th Ave, Bozeman, MT 59715Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%8/24/20286.2 6.2 5.6 — %
Finn & Emma LLC(#,^)1275 Bloomfield Ave Building 5 Unit 28B, Fairfield, NJ 7004Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%8/24/2028101.7 101.7 91.9 0.03 %
Wearware Inc dba FlyWire Cameras(#,^)2204 Blackmoor Park Lane, Lexington, KY 40509Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%8/24/202818.7 18.7 17.2 0.01 %
Zash LLC dba Papa Murphy's take 'N' Bake Pizza(#,^)2303 White Bear Ave, Maplewood, MN 55025Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/23/202835.1 35.1 33.4 0.01 %
Buffalo Biodiesel Inc.(#,^)225 Sawyer Ave, Tonawanda, NY 14150Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%8/21/20281,053.1 1,053.1 1,066.9 0.31 %
 Ginekis Enterprises, Inc dba Locanda Veneta(#,^)8638 W Third St, Los Angeles, CA 90048Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/20/202872.0 72.0 65.4 0.02 %
Geo Tek Alaska, Inc(#,^)2756 Commercial Drive, Anchorage, AK 99501Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/17/2044123.4 123.4 135.7 0.04 %
ATI Jet, Inc.(#,^)7007 Boeing Drive, El Paso, TX 79925Air TransportationTerm LoanPrime plus 2.75%8/16/2028169.6 169.6 167.2 0.05 %
Lewins Law, P.C.(#,^)7920 Belt Line Rd Ste 650, Dallas, TX 75254Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/16/202815.0 15.0 13.5 — %
GS Bath Inc(#,^)5335 E Kaviland Ave, Fresno, CA 93725Truck TransportationTerm LoanPrime plus 2.75%8/15/2028478.2 478.2 485.1 0.14 %
Pamletics LLC dba F45(#,^)22015 IH 10 West, San Antonio, TX 78257Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%11/14/202836.7 36.7 34.8 0.01 %
L.A. Insurance Agency GA 10 LLC(#,^)6655 Tara Blvd. Ste 401, Jonesboro, GA 30236Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%8/10/20289.4 9.4 8.4 — %
Crystal Shores Inc. dba Shorewood Laundromat(#,^)700 West Jefferson St, Shorewood, IL 60404Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/9/202818.6 18.6 17.5 0.01 %
Palanuk & Associates, Inc.dba Wolfpk(#,^)28110 SE Fern Drive, Boring, OR 97009Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/8/202885.2 85.2 77.6 0.02 %
CJNR, LLC(#,^)208 East Main St, Elma, WA 98541AccommodationTerm LoanPrime plus 2.75%8/7/2043117.3 117.3 133.4 0.04 %
Mercedes Cab Company, Inc(#,^)35 Alden St, Province Town, MA 2657Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%8/7/2028108.1 108.1 100.8 0.03 %
Ron's Pool and Spa Services LLC(#,^)1419 NE 30th St., Pompano, FL 33064Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/3/20283.1 3.1 2.8 — %
Alma Jacobsen,ODD Family Eye Care & Contact Lens LLC(#,^)1700 Nottingham Way Ste 12A, Hamilton, NJ 8619Health and Personal Care StoresTerm LoanPrime plus 2.75%8/3/202850.1 50.1 45.9 0.01 %
20th Century Lanes, Inc dba West Seattle Bowl(#,^)4505 39 Ave SW, Seattle, WA 98116Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/3/202896.0 96.0 96.1 0.03 %
Millwork Unlimited, Incorporated(#,^)8264 Pine Cay Rd, Wellington, FL 33414Wholesale Electronic Markets and Agents and BrokersTerm LoanPrime plus 2.75%8/2/20286.2 6.2 5.6 — %
Accel Compression Inc., Accel Workover Services, Inc(#,^)4500 S Country Rd, Odessa, TX 79765Rental and Leasing ServicesTerm LoanPrime plus 2.75%8/1/2043289.6 289.6 312.5 0.09 %
203
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 79765Rental and Leasing ServicesTerm LoanPrime plus 2.75%8/1/2028388.8 388.8 386.4 0.11 %
Samy Optical LLC dba Site for Sore Eyes(#,^)1350 Travis Blvd Ste 1507A, Fairfield, CA 94533Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%8/1/202888.6 88.6 80.1 0.02 %
CSL Services Inc(#,^)7905 Browning Rd, Ste.312,314,316, Pennsauken, NJ 8109Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/27/2028451.8 451.8 432.3 0.13 %
Nunez Enterprises Corporation dba La Casa(#,^)3330 Piedmont RD NE, Atlanta, GA 30305Miscellaneous Store RetailersTerm LoanPrime plus 2.75%7/26/20286.3 6.3 5.7 — %
Relevant Elephant ,LLC(#,^)ON320 Woodvale St, Winfield, IL 60190Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/25/20284.9 4.9 4.4 — %
TR Nails, LLC dba Simple Nails(#,^)158 Great Rd, Bedford, MA 1730Personal and Laundry ServicesTerm LoanPrime plus 2.75%7/20/202852.0 52.0 46.9 0.01 %
ZA Trucking LLC(#,^)5945 York Way, East Lansing, MI 48823Truck TransportationTerm LoanPrime plus 2.75%7/17/20288.5 8.5 8.2 — %
674 Club LLC(#,^)674 N Orleans, Chicago, IL 60654Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/17/2043253.2 253.2 287.9 0.08 %
Mother's Cantina LLC dba Mother's Cantina(#,^)2810 Philadephia Ave Unit #10, Ocean City, MD 21842Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/13/202856.7 56.7 52.1 0.02 %
Smart-tel Communications LLC(#,^)9720 W. Colfax Ave Ste 100, Lakewood, CO 80215Administrative and Support ServicesTerm LoanPrime plus 2.75%7/13/202817.4 17.4 18.2 0.01 %
HQTRONICS LLC(#,^)10135 South Roberts Rd Ste 209, Palos Hills, IL 60465Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%7/13/202851.6 51.6 46.6 0.01 %
Smoove Move Productions, LLC dba Smoove Move Productions(#,^)3932 North 16th St, Omaha, NE 68110Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%7/12/20288.9 8.9 9.2 — %
Talent Logistix, LLC, Pinpoint Staffing LLC & ITC 2.0 LLC(#,^)6350 Shadeland Ave, Indianpolis, IN 46220Administrative and Support ServicesTerm LoanPrime plus 2.75%7/3/202851.6 51.6 48.2 0.01 %
Vital Inspection Professionals, Inc. dba VIP(#,^)180 Airpark Industrial Rd, Alabaster, AL 35007Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/3/2028256.8 256.8 254.2 0.07 %
US Cargo Express, LLC(#,^)4735 22 Mile Rd, Utica, MI 48317Support Activities for TransportationTerm LoanPrime plus 2.75%7/2/204381.5 81.5 94.9 0.03 %
Bio-Haz Solutions, Inc(#,^)23 Tonolli Rd, Nesquehoning, PA 18240Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/29/2029217.3 217.3 226.2 0.07 %
Bio-Haz Solutions, Inc.(#,^)23 Tonoli Rd, Nesquehoning, PA 18240Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%5/29/2044358.2 358.2 399.3 0.12 %
M J Losito Electrical Contractor's, Inc(#,^)98 Wooster St, Bethel, CT 6801Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/29/202818.8 18.8 18.8 0.01 %
Corptek Solutions LLC(#,^)2363 N. Hwy # 287 Ste # 111, Mansfield, TX 76063Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/28/202838.9 38.9 37.9 0.01 %
Critter Cabana, LLC dba Critter Cabana(#,^)516 East Main St, Newberg, OR 97132Miscellaneous Store RetailersTerm LoanPrime plus 2.75%6/28/202856.9 56.9 55.5 0.02 %
National Dredging Services of North Florida, Inc.(#,^)1537 Northwest Main Blvd., Lake City, FL 32055Repair and MaintenanceTerm LoanPrime plus 2.75%6/27/204327.6 27.6 32.1 0.01 %
National Dredging Services of North Florida, Inc.(#,^)1537 Northwest Main Blvd., Lake City, FL 32055Repair and MaintenanceTerm LoanPrime plus 2.75%6/27/202843.5 43.5 45.8 0.01 %
204
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Julie Cooper-Bierman dba Forever Shopper(#,^)7435 Piute Creek Dr, Corona, CA 92881Nonstore Retailers Term LoanPrime plus 2.75%6/27/202813.1 13.1 12.8 — %
Darnoc Enterprises Inc, Setira Paul Inc dba Conrad's Famous Bakery(#,^)299 Utica Ave, Brooklyn, NY 11203Food ManufacturingTerm LoanPrime plus 2.75%6/27/2043341.7 341.7 392.8 0.12 %
InUSA Ventures, Inc(#,^)508 Hyacinthus Court, San Ramon, CA 94582Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%6/27/202840.9 40.9 39.9 0.01 %
Nick's Country Kitchen, LLC(#,^)3 Flanders RD, Building #1, Bethlehem, CT 6751Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/27/202818.4 18.4 18.1 0.01 %
Bengals, Inc. dba Royal Liquor Mart(#,^)3714 E State St, Rockford, IL 61108Food and Beverage Stores Term LoanPrime plus 2.75%6/26/2043102.1 102.1 115.8 0.03 %
Peter Thomas Roth Labs LLC, & June Jacobs Labs, LLC,(#,^)460 Park Ave, Floor 16, New York, NY 10022Health and Personal Care StoresTerm LoanPrime plus 2.75%6/26/2028757.1 757.1 750.0 0.22 %
Sun Pools, Inc(#,^)130 Holiday LN, Albany, KY 42602Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%6/25/2043294.0 294.0 323.5 0.10 %
Sun Pools, Inc dba Sun Fiberglass Pools(#,^)130 Holiday Lane, Albany, KY 42602Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%6/25/2028639.6 639.6 635.8 0.19 %
DPF Filters Inc.(#,^)2832 Golden State Blvd., Madera, CA 93637Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/25/202856.3 56.3 55.6 0.02 %
Martha Beauty Supply And Braiding, Inc.(#,^)538 E Boughton Rd, Bolingbrook, IL 60440Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/22/2043134.1 134.1 155.9 0.05 %
Sushi Prime, LLC and Vasilia Investments(#,^)32 SE 2nd Ave, Delray Beach, FL 33444Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/22/2028224.9 224.9 226.0 0.07 %
Mr. Lube, Inc(#,^)721 E Westpoint Drive., Wasilla, AK 99654Repair and MaintenanceTerm LoanPrime plus 2.75%6/22/2043654.6 654.6 734.9 0.22 %
Mr. Lube, Inc.(#,^)721 E. West Point Drive, Wasilla, AK 99654Repair and MaintenanceTerm LoanPrime plus 2.75%6/22/2028516.8 516.8 526.1 0.16 %
The Desert House Assisted Living ,LLC dba The Desert House Assisted (#,^)11055 E Grove St, Mesa, AZ 85208Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%6/22/204375.6 75.6 86.8 0.03 %
York Woods Tree Service, LLC dba York Woods Tree and Products, LLC(#,^)300 Harold Dow Hwy, Eliot, ME 3903Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/21/2028116.6 116.6 120.0 0.04 %
Independent Life LLC(#,^)4955 S Durango Drive, Ste124, Las Vegas, NV 89113Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/21/2028100.7 100.7 98.2 0.03 %
York Woods Tree Service, LLC dba York Woods Tree and Products, LLC(#,^)300 Harold Dow Hwy, Elliot, ME 3903Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/21/2043233.9 233.9 264.7 0.08 %
Mid America Motorworks, Inc and Yager Holdings L.P(#,^)2900 North 3rd St, Effingham, IL 62401Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/19/2043273.3 273.3 317.7 0.09 %
Colovic Hackettstown Dairy LLC(#,^)22 Route 57, Hackettstown, NJ 7840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/19/2043264.0 264.0 306.6 0.09 %
Jones Roger Sherman Inn, Inc.(#,^)195 Oenoke Ridge, New Canaan, CT 6840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/19/2028369.0 369.0 388.5 0.11 %
205
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Allen Theatre and Back Stage Cafe LLC(#,^)36 East. Main St, Annville, PA 17003Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%6/18/2043121.1 121.1 139.6 0.04 %
Schumacker Recreation, LLC(#,^)5325 S University Drive, Davie, FL 33328Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/18/2028122.9 122.9 129.5 0.04 %
Softrol Systems Inc dba Softrol Systems(#,^)1100 Northpoint Pkwy SE, Acworth, GA 30102Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%6/15/2028721.6 721.6 709.0 0.21 %
Northway Exit 29 Campground, Inc dba Adirondacks Jellystone Parks (#,^)4035 Blue Ridge Rd, North Hudson, NY 12855AccommodationTerm LoanPrime plus 2.75%6/15/2043207.8 207.8 241.5 0.07 %
Oil Palace Inc.(#,^)10408 Hwy 64 East, Tyler, TX 75707Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%9/15/2043139.5 139.5 162.4 0.05 %
Venzix Ventures Inc. dba Venzix(#,^)750 Legend Oak Drive, Fountain, CO 80817Nonstore Retailers Term LoanPrime plus 2.75%6/15/202810.8 10.8 11.1 — %
Dianne Williams and Louis Williams dba Sweetlips Store(#,^)3870 Sweet Lips Rd, Henderson, TN 38340Food and Beverage Stores Term LoanPrime plus 2.75%6/15/204344.4 44.4 50.9 0.01 %
Tele Tax Express Inc(#,^)166 Getty Ave, Paterson, NJ 7503Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/14/202818.4 18.4 19.0 0.01 %
Team Sandy Blanton Realty, Inc(#,^)1225 West Gregory St, Pensacola, FL 32502Real EstateTerm LoanPrime plus 2.75%6/14/204393.1 93.1 104.2 0.03 %
E & J Sims Co. LLC(#,^)28 BRd St, Bloomfield, NJ 7003Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/14/202840.9 40.9 40.6 0.01 %
Mastiff Studios LLC(#,^)2919 West Colorado Ave, Colorado Springs, CO 80904Educational ServicesTerm LoanPrime plus 2.75%6/13/204341.1 41.1 47.6 0.01 %
Ciasom LLC dba Mosaic(#,^)1040-1042 Richard Ave, Santa Clara, CA 95050Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/11/2028147.3 147.3 144.1 0.04 %
Beyond Grooming LLC and Michelle McWatters(#,^)1200 Old Martindale Rd, San Marcos, TX 78666Miscellaneous Store RetailersTerm LoanPrime plus 2.75%6/8/204341.3 41.3 47.8 0.01 %
Camp K-9 Pet Resort & Spa, Inc.(#,^)18501 Le Claire Ave, Tinley Park, IL 60478Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/8/20286.8 6.8 6.6 — %
Skyways LTD,Jet 60 LLC,Mendean Jonath, Inc,Jet AOG, Inc & Jonathan Men(#,^)426 15th St NW, Huron, SD 57350Support Activities for TransportationTerm LoanPrime plus 2.75%6/8/2043365.3 365.3 411.3 0.12 %
Icebox Cafe, L.C. and Icebox Cafe at Doral,LLC(#,^)1855 Purdy Ave, Miami Beach, FL 33139Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/8/2028665.1 665.1 655.4 0.19 %
Applied Behavioral Consulting, Inc(#,^)422 Blooming Grove Tpke, New Windsor, NY 12553Social AssistanceTerm LoanPrime plus 2.75%6/7/204348.0 48.0 55.5 0.02 %
H S Corporation dba Lake Anna Lodge(#,^)5152 Courthouse Rd, Spotsylvania, VA 22551AccommodationTerm LoanPrime plus 2.75%6/7/2043126.1 126.1 146.6 0.04 %
Anurag, LLC dba Oakwood Package Store(#,^)191-195 Oakwood Ave, West Hartford, CT 6107Food and Beverage Stores Term LoanPrime plus 2.75%6/6/2043132.7 132.7 149.4 0.04 %
Hardway Inc and A F C Leasing, Inc(#,^)12533 S. 73rd East Place, Bixby, OK 74008Rental and Leasing ServicesTerm LoanPrime plus 2.75%6/6/2028246.8 246.8 240.6 0.07 %
Sowells Consulting Engineers, LLC(#,^)13430 Northwest Freeway #260, Houston, TX 77040Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/6/202818.4 18.4 18.0 0.01 %
206
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Funtime ,LLC dba Indoor Playgrounds International(#,^)13200 West Foxfire Drive Ste 144, Surprise, AZ 85378Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/5/2028211.2 211.2 206.0 0.06 %
SSD Designs LLC(#,^)10840 Bay Hill Club Drive, Charlotte, NC 28277Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%6/5/202861.4 61.4 60.2 0.02 %
Mastrocinque Restaurant Management Company LLC dba Santionii's (#,^)3535 Hwy 17 Unit 14 &15, Fleming Island, FL 32003Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/1/202851.3 51.3 53.5 0.02 %
BTD Feed & Nutrition, LLC dba Thomaston Feed Cheshire(#,^)943 South Main St, Cheshire, CT 6410Miscellaneous Store RetailersTerm LoanPrime plus 2.75%6/1/202839.4 39.4 38.4 0.01 %
Awan Business Management Group LLC, Awan Sign Company LLC(#,^)14429 South Wallin Drive, Plainfield, IL 60544Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/31/2043264.8 264.8 303.2 0.09 %
Seraj Wireless, LLC(#,^)132 Madison Ave, Albany, NY 12202Electronics and Appliance StoresTerm LoanPrime plus 2.75%5/31/2028101.5 101.5 106.8 0.03 %
Eagle Aggregate Transportation, LLC(#,^)4401 N I-35 Ste #113, Denton, TX 76207Truck TransportationTerm LoanPrime plus 2.75%5/30/202872.9 72.9 72.9 0.02 %
Crowley Ventures, LLC(#,^)665 Worthington Rd, Westerville, OH 43082Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/29/202860.6 60.6 59.6 0.02 %
Iloka, Inc dba New Cloud Networks(#,^)160 Inverness Drive. W Ste 150, Englewood, CO 80112Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/25/2028202.9 202.9 204.3 0.06 %
Adow Pools LLC(#,^)393 Glenbrook Rd, Stamford, CT 6906Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/25/2028141.9 141.9 140.2 0.04 %
Ocean Breeze Holdings, LLC, Ocean Beach Resort LLC & Ocean Breeze(#,^)3 Williams Ave, Mystic, CT 6355AccommodationTerm LoanPrime plus 2.75%5/25/20431,245.1 1,245.1 1,447.4 0.43 %
Broadalbin Properties LLC dba Broadalbin Hotel & 1854 Pub & Eatery(#,^)59 West Main St, Broadalbin, NY 12025AccommodationTerm LoanPrime plus 2.75%10/25/2043195.5 195.5 228.0 0.07 %
Dream Spa LLC and Dream Spa Greenwich LLC(#,^)1220 Post Rd East, Westport, CT 6880Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/25/202883.5 83.5 81.9 0.02 %
Starship, LLC dba Tint World Smyrna(#,^)2274 S Atlanta Rd SE, Smyrna, GA 30080Repair and MaintenanceTerm LoanPrime plus 2.75%5/25/204394.5 94.5 109.1 0.03 %
DMA Equipment LLC(#,^)700 Lee St, Elk Grove Village, IL 60007Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/24/2043251.5 251.5 284.2 0.08 %
Chem-Flotronics, Inc.(#,^)195 Paterson Ave, Little Falls, NJ 7424Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%5/22/202881.2 81.2 80.1 0.02 %
Yakov Levy M.D., P.C.(#,^)70-31 108th St, Forest Hills, NY 11375Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/18/202827.4 27.4 26.9 0.01 %
Mark A Espinoza, DDS PLLC dba Central Dental Care(#,^)9315 N Central Ave, Phoenix, AZ 85020Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/18/202851.0 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 89118Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%5/17/2028205.2 205.2 200.0 0.06 %
JVLS LLC dba Vaccines 2 Go(#,^)4060 Johns Creek Parkway, Ste H,, Suwanee, GA 30024Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/17/20286.9 6.9 6.7 — %
207
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 18940Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/16/2043308.0 308.0 346.7 0.10 %
Clore Construction LLC(#,^)21220 FM 1420, Harlingen, TX 78550Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%5/16/2028121.5 121.5 122.1 0.04 %
James T. Hendel dba Autotexx Mobile Auto Repair(#,^)5857 Hwy101 North, Rockmart, GA 30153Repair and MaintenanceTerm LoanPrime plus 2.75%5/15/20286.1 6.1 6.4 — %
Fireplace Outlet Inc(#,^)8216 Main St, Williamsville, NY 14221Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%5/15/202814.8 14.8 15.5 — %
Galore Salon & Extension Lounge Inc dba Pretty Chic Hair & Lashes(#,^)5714 Edmondson Pike Ste 24, Nashville, TN 37211Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/14/20283.7 3.7 3.6 — %
Circle and Square, Inc dba Stamford Kumon(#,^)50 Forest St Ste 902, Stamford, CT 6901Educational ServicesTerm LoanPrime plus 2.75%5/11/202835.4 35.4 34.6 0.01 %
Bote Virginia Beach, Inc. dba Bote Virginia Beach(#,^)1080 Nimmo Pkwy, Ste 104, Virginia Beach, VA 23454Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%5/11/20289.1 9.1 8.9 — %
Daniel Woodward, DC PLLC dba Doc's Body Shop(#,^)3084 N Goliad St, Ste 114, Rockwall, TX 75087Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/11/202828.4 28.4 27.6 0.01 %
Adhara, LLC(#,^)18123 E Appleway Ave, Spokane Valley, WA 99016Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/11/204341.9 41.9 47.8 0.01 %
Baby Gentry's Childcare & Learning Academy(#,^)4203 Shenandoah Drive, Dayton, OH 45417Social AssistanceTerm LoanPrime plus 2.75%5/10/20289.1 9.1 8.9 — %
Buy Gitomer Inc., Gitgo LLC.,GitGo Archives, LLC, and Jeffrey Gitomer(#,^)310 Arlington Ave Unit 329, Charlotte, NC 28203Educational ServicesTerm LoanPrime plus 2.75%5/9/2043696.7 696.7 809.9 0.24 %
Schmaltz Operations LLC dba Companion Camp(#,^)3408 Castle Rock Farm Rd, Pittsboro, NC 27312Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/7/202848.7 48.7 49.8 0.01 %
Container Shipping, LLC(#,^)533 Nova Rd Ste 213B, Ormond Beach, FL 32174Support Activities for TransportationTerm LoanPrime plus 2.75%5/4/202840.6 40.6 39.6 0.01 %
Wilbur Standford Jr Trucking and Excavating, LLC(#,^)7505 North Chases Lake Rd, Watson, NY 13343Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/3/2028194.8 194.8 201.2 0.06 %
Olmsted LLC and 626 Van LLC dba Maison Yaki(#,^)659 Vanderbilt Ave, Brooklyn, NY 11238Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/1/2029202.0 202.0 200.9 0.06 %
Metropolitan Solutions Inc.(#,^)1420 Chestnut St, Portsmouth, VA 23704Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/30/2043169.8 169.8 187.0 0.06 %
Brenden Kehren Development LLC(#,^)14689 Gemara Rd, Sparta, WI 54656Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/30/20282.4 2.4 2.4 — %
Sunlinc Inc(#,^)170 Canterbury Court, East Windsor, NJ 8520Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/30/20287.8 7.8 7.7 — %
Corona Dance, LLC dba Huracan Dance Studio(#,^)480 West Main St, Stamford, CT 6902Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%4/30/20289.6 9.6 9.4 — %
Saltamontes Tire Company, LLC(#,^)1955 Boston Ave, Brodgeport, CT 6604Repair and MaintenanceTerm LoanPrime plus 2.75%4/30/204398.2 98.2 112.2 0.03 %
Rory James Contracting LLC(#,^)33 Bennett Place, Amityville, NY 11701Construction of BuildingsTerm LoanPrime plus 2.75%4/27/202812.9 12.9 12.6 — %
208
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Kastoria Inc. dba Bantam Pizza(#,^)768 Bantam Rd, Bantam, CT 6750Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/27/202812.1 12.1 11.8 — %
Suraj Enterprises, Inc.(#,^)11720 W. Airport Rd, Meadows Place, TX 77477Food and Beverage Stores Term LoanPrime plus 2.75%4/27/2028251.1 251.1 255.0 0.08 %
Little Angels Daycare and Learning Center LLC(#,^)4551 Summit Blvd, West Palm Beach, FL 33415Social AssistanceTerm LoanPrime plus 2.75%4/27/2043153.9 153.9 179.0 0.05 %
RWT Corporation dba Welding Works(#,^)32 New Rd, Madison, CT 6443Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%4/26/2028343.5 343.5 344.8 0.10 %
Pledge 4 Hope LLC(#,^)53 Bayberry Loop South, Purvis, MS 39475Data Processing, Hosting, and Related ServicesTerm LoanPrime plus 2.75%4/26/202812.1 12.1 11.8 — %
LMH Optics LLC dba Sterling Optical(#,^)1272 Smallwood Dr West, Waldorf, MD 20603Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/26/202840.2 40.2 39.3 0.01 %
K&S Hardware LLC(#,^)1865 W Wayzata Blvd, Long Lake, MN 55356Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%4/26/202818.1 18.1 17.7 0.01 %
Matrix Z, LLC(#,^)800 SW 21st Terrace, Ft Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%4/26/202865.3 65.3 67.8 0.02 %
RWT Corporation dba Welding Works(#,^)32 New Rd, Madison, CT 6443Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%4/26/2043204.0 204.0 225.2 0.07 %
Joe & Sons Service, Inc(#,^)855 Atwood Ave, Cranston, RI 2920Repair and MaintenanceTerm LoanPrime plus 2.75%4/24/202884.2 84.2 88.7 0.03 %
Just for Boats LLC(#,^)459 Dupre Rd, McClellanville, SC 29458Repair and MaintenanceTerm LoanPrime plus 2.75%4/20/204316.8 16.8 19.5 0.01 %
Spitnale's Garage LLC(#,^)3761 Mahoning Ave, Youngstown, OH 44515Repair and MaintenanceTerm LoanPrime plus 2.75%4/20/204357.8 57.8 65.7 0.02 %
Rosemarie Products Company LLC(#,^)5400 Crooked Tree Drive, Mason, OH 45040Health and Personal Care StoresTerm LoanPrime plus 2.75%4/18/202812.1 12.1 11.8 — %
Means Enterprises LLC(#,^)4150 Legacy Drive N Ste # 412, Frisco, TX 75034Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%4/18/20285.7 5.7 5.5 — %
James L Shoemaker APCC(#,^)221 W Judge Perez Drive, Chalmette, LA 70043Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/18/202812.9 12.9 12.6 — %
Veterinary Preventive Care, LLC(#,^)945 Riverview Ct, Xenia, OH 45385Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/18/202837.7 37.7 37.5 0.01 %
A New Dawn Psychotherapy Associates, LLC(#,^)308 E BRd St, Bethlehem, PA 18018Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/18/204383.8 83.8 94.2 0.03 %
Southern HVAC LLC(#,^)119 Ouachita 212, Camden, AZ 71701Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/17/204321.6 21.6 24.1 0.01 %
Southern Oaks Athletic Club, LLC(#,^)15253 Shenandoah Ave, BATON ROUGE, LA 70817Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/17/2043351.2 351.2 405.2 0.12 %
Southern HVAC LLC(#,^)119 Ouachita 212, Camden, AR 71701Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/17/202831.8 31.8 32.4 0.01 %
Patricia A. Freeman & Samuel C. Freeman dba Teenas Pizza(#,^)35 E Main St, Pekin, IN 47165Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/13/204340.2 40.2 45.9 0.01 %
Precision Components Group Inc(#,^)190 Doty Circle, West Springfield, MA 1089Miscellaneous ManufacturingTerm LoanPrime plus 2.75%4/11/202818.1 18.1 18.5 0.01 %
Sexy Nails Center LLC(#,^)57 Passaic St, Garfield, NJ 7026Personal and Laundry ServicesTerm LoanPrime plus 2.75%4/10/2043194.0 194.0 224.3 0.07 %
209
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Mark Baker(#,^)1653 Evalie Dr, Fairfield, OH 45014Truck TransportationTerm LoanPrime plus 2.75%4/9/20287.9 7.9 7.8 — %
Innovation Transport LLC(#,^)1 International Blvd, Ste 400, Mahwah, NJ 7495Truck TransportationTerm LoanPrime plus 2.75%4/6/202841.2 41.2 42.2 0.01 %
Newsome Mobile Notary LLC(#,^)8153 12th Ave SW, Seattle, WA 98106Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/5/20284.2 4.2 4.1 — %
Shree Lakshminarayyn Grocery Stores LLC(#,^)3307 Charles St, Rockford, IL 61108Gasoline Stations Term LoanPrime plus 2.75%4/5/2043114.9 114.9 131.6 0.04 %
Bean City Bar and Grill LLC(#,^)N 2505 Bean City Rd, New London, WI 54961Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/4/204371.6 71.6 83.2 0.02 %
B&C Texas Leasing Inc.,M & W Hot Oill, Inc(#,^)8124 Sprague Rd, Odessa, TX 79764Truck TransportationTerm LoanPrime plus 2.75%3/30/2043259.7 259.7 291.8 0.09 %
Master Roofing and Siding Inc.(#,^)25 Robert Pitt Dr Ste 213, Monsey, NY 10952Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/30/2028211.5 211.5 205.8 0.06 %
Fifth Wheel Truck Stop 001(#,^)3767 S Golden State Blvd, Fresno, CA 93725Gasoline Stations Term LoanPrime plus 2.75%3/30/20431,094.4 1,094.4 1,221.9 0.36 %
Michael S Brown Physical Therapy, P.C(#,^)300 Hempstead Tpke Ste. 3 & 4, Hempstead, NY 11552Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/30/202878.0 78.0 75.9 0.02 %
Alaska Industrial Paint LLC(#,^)229 Whitney Rd, Unit B, Anchorage, AK 99501Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/202899.6 99.6 103.8 0.03 %
Romancing the Stone(#,^)140 Centre of New England Blvd, Coventry, RI 2816Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/30/2043333.7 333.7 378.6 0.11 %
America's Little Leaders Academy, Inc(#,^)2570 NW 152nd Terrace, Opa-Locka, FL 33054Social AssistanceTerm LoanPrime plus 2.75%3/30/204321.5 21.5 24.7 0.01 %
Payne's Environmental Services LLC(#,^)5617 Causeway Blvd, Tampa, FL 33619Administrative and Support ServicesTerm LoanPrime plus 2.75%3/30/2028180.9 180.9 183.8 0.05 %
Technical Ordnance Solutions,LLC(#,^)9950 Business Circle, Ste 13, Naples, FL 34112Fabricated Metal Product ManufacturingTerm Loan7.75%3/30/20281,060.0 1,060.0 946.7 0.28 %
GQ Investments,LLC(#,^)5772 Miami Lakes Drive East, Miami, FL 33014Electrical Equipment, Appliance, and Component ManufacturingTerm LoanPrime plus 2.75%3/30/2028168.0 168.0 165.5 0.05 %
Alaska Industrial Paint LLC(#,^)229 Whitney Rd Unit B, Anchorage, AK 99501Repair and MaintenanceTerm LoanPrime plus 2.75%3/30/2043213.3 213.3 243.8 0.07 %
B&C Texas Leasing Inc and M&W Hot Oil, Inc.(#,^)8124 Sprague Rd, Odessa, TX 73764Truck TransportationTerm LoanPrime plus 2.75%3/30/2028780.9 780.9 796.9 0.23 %
Kaz Wellness, LLC dba Grounded Wellness Center(#,^)104 Clover Court, Bartlett, IL 60103Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/202812.7 12.7 12.7 — %
Lou & Choo Enterprises Inc.(#,^)2101 West Hunting Park Ave, Philadelphia, PA 19140Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/28/2044104.0 104.0 117.3 0.03 %
Cartwright Termite & Pest Control Inc. and Cartwright Termite &Pest Co(#,^)1376 Broadway, El Cajon, CA 92021Administrative and Support ServicesTerm LoanPrime plus 2.75%3/28/2028178.2 178.2 180.7 0.05 %
Clancy 15 LLC and Allied Molded Products LLC(#,^)1145 13th Ave East, Palmetto, FL 34221Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%3/28/2043207.0 207.0 232.1 0.07 %
Corning Lumber Company Inc & Frank R Close & Son Inc dba True Valley(#,^)111 E. Laurel St, Willows, CA 95988Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/28/202869.8 69.8 73.4 0.02 %
210
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Montage Mountain Resorts, LP(#,^)1000 Montage Mountain Rd, Scranton, PA 18505Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/28/20431,195.6 1,195.6 1,389.8 0.41 %
Clancy 15 LLC and Allied Molded Products LLC(#,^)1145 13th Ave East, Palmetto, FL 34221Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%3/28/2028126.3 126.3 128.3 0.04 %
K.C. Communications, Inc.(#,^)2715 Saturn St, Brea, CA 92821TelecommunicationsTerm LoanPrime plus 2.75%3/27/202849.9 49.9 52.4 0.02 %
Towing Professionals of Arizona Inc dba Shamrock Towing & All Valley(#,^)2801 W Osborn Rd, Phoenix, AZ 85017Support Activities for TransportationTerm LoanPrime plus 2.75%3/26/2043515.3 515.3 568.0 0.17 %
Cable Management, LLC(#,^)200 Pratt St, Meriden, CT 6450Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/23/202864.1 64.1 66.1 0.02 %
Aque Investment Group LLC(#,^)3838 N. Sam Houston Parkway E, Houston, TX 77032Real EstateTerm LoanPrime plus 2.75%3/23/2028211.9 211.9 222.7 0.07 %
Shweiki Media Inc dba Study Breaks Magazine(#,^)4954 Space Center Drive, San Antonio, TX 78218Publishing Industries (except Internet)Term LoanPrime plus 2.75%3/23/202859.9 59.9 62.9 0.02 %
Denton BioFuels LLC and Amercian BioSource, LLC(#,^)624 W. University Drive.#359, Denton, TX 76201Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/23/202872.5 72.5 73.1 0.02 %
All Regional Recyclers of Wood LLC dba ARROW(#,^)104 Wooster St, Bethal, CT 6801Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/23/2028104.7 104.7 106.7 0.03 %
Sunshine Tents and Event Rentals LLC(#,^)2322 SW 58th Terrace, West Park, FL 33023Rental and Leasing ServicesTerm LoanPrime plus 2.75%3/23/202849.5 49.5 52.0 0.02 %
Kajun Martial Arts LLC(#,^)36546 Mission St, Prairieville, LA 70769Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/23/202818.0 18.0 17.7 0.01 %
Sofasco, Inc(#,^)182 Garber Lane, Winchester, VA 22602Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%3/23/204395.6 95.6 106.8 0.03 %
New York Label & Box Corp(#,^)50 Oval Drive, Islandia, NY 11749Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/23/20431,197.8 1,197.8 1,362.0 0.40 %
GeoTek Alaska, Inc(#,^)2756 Commercial Drive, Anchorage, AK 99501Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/21/2043813.0 813.0 925.8 0.27 %
Rexco Foods LLC dba Papa John's(#,^)18640 Fm 1488 Ste C, Magnolia, TX 77354Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/20/202833.9 33.9 33.0 0.01 %
RTSP Union LLC(#,^)2438 Route 22 East, Union, NJ 7083Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%9/20/20281,009.2 1,009.2 1,019.4 0.30 %
Cest Chic Concepts, LLC dba Salon Cest Chic(#,^)15231 Hall Station Rd Unit 104, Bowie, MD 20721Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/19/20289.0 9.0 8.9 — %
Camerabots Media, LLC(#,^)4501 Ford Ave Ste 207, Alexandria, VA 22302Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%3/16/202812.0 12.0 11.8 — %
Petroleum Equipment & Services, Inc(#,^)5631 Silverado Way Unit G, Anchorage, AK 99518Support Activities for MiningTerm LoanPrime plus 2.75%3/16/2028199.8 199.8 210.0 0.06 %
Rojenco II,Inc.(#,^)4357 Shore Drive, Virginia Beach, VA 23455Repair and MaintenanceTerm LoanPrime plus 2.75%9/15/204373.8 73.8 84.7 0.02 %
Bear Bones, Inc.(#,^)43 Libson St, Lewiston, ME 4240Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%3/15/204321.5 21.5 24.8 0.01 %
CTD Operations Inc(#,^)219 Saint Nazaire Rd STE G, Broussard, LA 70518Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/202853.3 53.3 52.6 0.02 %
211
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 23188Repair and MaintenanceTerm LoanPrime plus 2.75%3/15/2043496.4 496.4 568.5 0.17 %
Rojenco, Inc. dba The Buggy Bathe Auto Wash Lube & Detail Shoppe(#,^)2217 Richmond Rd, Williamsburg, VA 23188Repair and MaintenanceTerm LoanPrime plus 2.75%9/15/204373.8 73.8 84.7 0.02 %
Rojenco II, Inc.(#,^)4357 Shore Drive, Virginia Beach, VA 23455Repair and MaintenanceTerm LoanPrime plus 2.75%3/15/2043384.9 384.9 440.8 0.13 %
Summit Insights Group LLC(#,^)19 Briant Parkway, Summit, NJ 7901Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%3/14/202836.2 36.2 35.2 0.01 %
Dante Ultimate Cleaning Service LLC(#,^)16969 River Park Dr, Covington, LA 70345Administrative and Support ServicesTerm LoanPrime plus 2.75%3/9/20288.1 8.1 8.2 — %
SRG Waterfront LLC(#,^)88 District Square SW, Washington, DC 20005Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/9/2028232.0 232.0 227.6 0.07 %
2b Mom Inc dba Mom's the Word Maternity(#,^)3150 18th St, Ste 435, San Francisco, CA 94110Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%3/9/202826.2 26.2 25.5 0.01 %
Treft Systems Inc(#,^)1050 Kings Hwy North Ste #107, Cherry HIll, NJ 8034Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/8/202812.0 12.0 11.7 — %
Unpainted Arizona, LLC dba Westside Bowl(#,^)2617 Mahoning Ave, Youngstown, OH 44509Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/7/2043100.3 100.3 113.9 0.03 %
Espinoza & Salinas Group Ltd dba Credit 360 Consulting(#,^)17806 IH 10Ste 300, SAN ANTONIO, TX 78257Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/2/20283.9 3.9 3.9 — %
Stepping Stones Childrens Academy(#,^)720 Rancho Del Norte Drive, Las Vegas, NV 89031Social AssistanceTerm LoanPrime plus 2.75%3/2/2043243.4 243.4 279.9 0.08 %
BC Bishop Enterprises LLC dba 9Round Pooler(#,^)105-107 Grand Central Blvd, Pooler, GA 31322Educational ServicesTerm LoanPrime plus 2.75%3/2/20286.7 6.7 6.6 — %
Connie Engelbrecht(#,^)20640 Raven Drive, Eagle River, AK 99577Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%2/28/20282.4 2.4 2.3 — %
The Law Offices of Samuel R Miller LLC(#,^)7405 Lake Worth Rd, Lake Worth, FL 33467Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/28/2043113.6 113.6 131.9 0.04 %
Merciful Heavenly Homes, LLC(#,^)401 Dillar's Mill Rd, Tyner, NC 27980Nursing and Residential Care FacilitiesTerm Loan8%2/28/204362.9 62.9 58.9 0.02 %
Urban Fitness Group LLC dba Crunch Fitness Group LLC(#,^)2800 S IH-35, Ste 220, Round Rock, TX 78681Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/28/2028177.2 177.2 186.2 0.05 %
Carey Collision Repairs Inc.(#,^)295 D Bucheimer Rd, Fredrick, MD 21701Repair and MaintenanceTerm LoanPrime plus 2.75%2/27/202859.3 59.3 58.6 0.02 %
Betty's Catering Corp, Betty's Decoration & Wedding Center Inc.(#,^)94-33 Corona Ave, Corona, NY 11373Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/26/2043340.0 340.0 394.7 0.12 %
Carries Cakes and Catering, Inc dba Carrie's Cakes and Confections(#,^)4308 Holland Rd, Virginia Beach, VA 23452Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/23/20283.8 3.8 3.7 — %
Jackpine Technologies Corporation(#,^)1 Mill & Main Pl., Ste 330, Maynard, MA 1754Publishing Industries (except Internet)Term LoanPrime plus 2.75%2/22/202829.3 29.3 30.8 0.01 %
212
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Crossfit iQ LLC(#,^)346 Pike Rd, Bay 8 & 9, West Palm Beach, FL 33411Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/21/202833.6 33.6 33.2 0.01 %
Wellfleet Consulting Inc.(#,^)2275 Research Blvd Ste 500, Rockville, MD 20850Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/21/202811.9 11.9 11.5 — %
New View Media Group LLC(#,^)1 Old Wolfe Rd Ste 205, Budd Lake, NJ 7828Publishing Industries (except Internet)Term LoanPrime plus 2.75%2/16/202865.3 65.3 68.6 0.02 %
Town & Country Transportation Co.(#,^)191-193 Arch St, New Britain, CT 6051Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%2/16/202852.3 52.3 54.9 0.02 %
Lulinjett LLC dba All American Printing & Design(#,^)4621 Bayshore Rd, Fort Myers, FL 33917Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%2/14/2043101.5 101.5 117.9 0.03 %
Margab Inc dba Smoothie King(#,^)14200 SW 8th St Unit #102, Miami, FL 33184Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/13/202810.1 10.1 10.0 — %
JumboMarkets, Inc.(#,^)15500 SW Trail Drive, Indiantown, FL 34956Food and Beverage Stores Term LoanPrime plus 2.75%2/13/2028164.2 164.2 163.0 0.05 %
Tony Herring & Associates, Inc.(#,^)211 West Camellia Drive, Slidell, LA 70458Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%2/9/20286.5 6.5 6.9 — %
Start "UP "Dreams, Inc dba SDC Concrete and Start"UP" Dream Construct(#,^)30521 134th St SE, Sultan, WA 98294Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/9/202858.9 58.9 59.2 0.02 %
Quality Machine of Iowa, Inc(#,^)1040 4th Ave, Audubon, IA 50025Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%2/9/20281,107.1 1,107.1 1,127.0 0.33 %
Apps Inc., Market Share, and Singular Leaseholdings LLC(#,^)800 Village Walk #159, Guilford, CT 6437TelecommunicationsTerm LoanPrime plus 2.75%2/8/2028413.6 413.6 402.4 0.12 %
De La Vega LLC dba De La Vega Deland and De La Vega Oviedo(#,^)128 North Woodland Blvd, Deland, FL 32720Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/7/202864.1 64.1 63.7 0.02 %
Macrotech Integrated Management Solutions dba Extreme Lawn Care(#,^)2425 Durrance LN, Ormond Beach, FL 32174Repair and MaintenanceTerm LoanPrime plus 2.75%2/5/20289.5 9.5 10.0 — %
Midlothian Hardware Inc dba Grills True Value(#,^)4751 West 147th St, Midlothian, IL 60445Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%2/2/202811.9 11.9 12.5 — %
Chace Building Supply of CT Inc.,(#,^)90 Route 171, Woodstock, CT 6281Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%1/31/2043286.1 286.1 332.1 0.10 %
USA General Investment LLC dba Braniff Paint and Body Shop(#,^)2290 NW 21st Terrace, Miami, FL 33142Repair and MaintenanceTerm LoanPrime plus 2.75%1/31/202811.8 11.8 11.6 — %
Rocco'sLandscaping LLC(#,^)151 Kitts Lane, Newington, CT 6111Administrative and Support ServicesTerm LoanPrime plus 2.75%1/31/204371.5 71.5 83.0 0.02 %
WydeBodi, LLC dba Wyde Bodi Auto Tags(#,^)706 North 37th St, Philadelphia, PA 19104Support Activities for TransportationTerm LoanPrime plus 2.75%1/30/204345.3 45.3 51.8 0.02 %
New Phaze Packaging Inc(#,^)9533 Irondale Ave, Los Angeles, CA 91311Paper ManufacturingTerm LoanPrime plus 2.75%1/26/2043914.6 914.6 1,061.0 0.31 %
Concrete Services LLC and James Ward(#,^)24 County Rd 901, Jemison, AL 35085Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/25/202878.4 78.4 78.9 0.02 %
Parati USA Inc(#,^)1018 Wilt Ave, Ridgefield, NJ 7657Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%1/25/202813.3 13.3 12.9 — %
213
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 99502Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%1/24/2028107.8 107.8 113.3 0.03 %
Tier1 Solutions LLC(#,^)1000 Essington Rd, Juliet, IL 60435Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/23/20285.9 5.9 5.8 — %
Friend Contractors, LLC(#,^)1950 Mill Bay Rd, Kodiak, AK 99615Construction of BuildingsTerm LoanPrime plus 2.75%1/19/2043221.7 221.7 251.7 0.07 %
Weeping Willow Kennels, Inc.(#,^)6041 Hammond School Rd, Salisbury,, MD 21804Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/19/20288.2 8.2 8.6 — %
Lavish Specs Inc(#,^)262 Glen St, Glen Cove, NY 11542Machinery ManufacturingTerm LoanPrime plus 2.75%1/19/20285.9 5.9 5.7 — %
MedWorxs Inc.(#,^)6857 Timbers Dr., Evergreen, CO 80439Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/18/202861.7 61.7 60.1 0.02 %
Lou & Choo Enterprises Inc dba Lou & Choo Lounge(#,^)2101,2103 & 2105 West Hunting Park Ave, Philadelphia, PA 19140Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/18/2043109.8 109.8 124.2 0.04 %
Specialized Dairy Processors LLC and Nathaly Zapata(#,^)2200 N Commerce Parkway, Weston, FL 33326Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/16/202851.0 51.0 49.6 0.01 %
Work of Heart Inc dba Little Nest Portraits(#)1000 Merdian Blvd, Ste 112, Franklin, TN 37067Professional, Scientific, and Technical ServicesTerm Loan7.5%1/10/20285.0 5.0 4.4 — %
Human Resource Time Manager LLC(#,^)2737 Humphrey St, East Elmhurst, NY 11369Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/8/202812.1 12.1 12.7 — %
Sandfree Systems LLC(#,^)116 Cricket Ave Ste B, Ardmore, PA 19003Specialty Trade ContractorsTerm LoanPrime plus 2.75%1/5/20285.9 5.9 6.2 — %
Crad Holding LLC dba Neighborhood Laundry of Bloomfield(#,^)60 Dodd St, Bloomfield, NJ 7003Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/5/202849.0 49.0 47.9 0.01 %
Social Link LLC(#,^)41Peabody St, Nashville, TN 37210Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/29/20278.7 8.7 8.5 — %
Farec, Inc(#)30250 W Nine Mile Rd, Farmington, MI 48336Amusement, Gambling, and Recreation IndustriesTerm Loan7.5%12/29/2042242.4 242.4 223.0 0.07 %
Morrocco Method, Inc(#,^)800 Farroll Rd, Grover Beach, CA 93433Chemical ManufacturingTerm LoanPrime plus 2.75%12/27/2042692.8 692.8 796.1 0.23 %
Salida Family Chiropractic-PPLC dba Salida Sport and Spine(#,^)203 G St, Salida, CO 81201Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/22/20279.3 9.3 9.1 — %
O'Rourke's Diner, LLC(#,^)728 Main St, Middleton, CT 6457Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/22/20273.0 3.0 3.1 — %
Medical Plaza of Boro Park PC(#,^)1266 51St 1st Floor, Brooklyn, NY 11219Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/22/202729.7 29.7 28.8 0.01 %
Anderson Farms Inc(#)271 West Hwy 30, Burley, ID 83318Truck TransportationTerm Loan7.5%12/22/20274,214.0 4,214.0 3,770.6 1.11 %
Landmark Ventures USA Inc(#,^)475 Park Ave South 25th Floor, New York, NY 10016Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%12/22/202748.6 48.6 47.2 0.01 %
Lab Partner, LLC and Beechtree Diagnostics, LLP and Cottonwood (#,^)12351 Gateway Park Place, Draper, UT 84020Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/22/2027604.8 604.8 591.8 0.17 %
214
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Muckamuck Trucks, Inc.(#,^)510 S Spring St, Ukiah, CA 95482Truck TransportationTerm LoanPrime plus 2.75%12/22/202710.7 10.7 10.9 — %
CT Auto Spa LLC(#,^)39 Albany Turnpike, West Simsbury, CT 6092Repair and MaintenanceTerm LoanPrime plus 2.75%12/21/2027167.2 167.2 175.4 0.05 %
DHD Enterprise LLC dba Edible Arrangements #1699(#,^)828 Washington Ave, Miami Beach, FL 33139Miscellaneous Store RetailersTerm LoanPrime plus 2.75%12/21/202717.8 17.8 17.7 0.01 %
Blue Lagoon Resort, LLC dba Hill View Cottages(#,^)3670 Lake Shore Drive, Lake George, NY 12845AccommodationTerm LoanPrime plus 2.75%12/21/2042179.3 179.3 207.8 0.06 %
DBMS Consulting, Inc.(#,^)164 West 83rd St- Units CF1 and CF2, New York, NY 10024Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/20/202758.3 58.3 59.5 0.02 %
Best Quality Home Care LLC(#,^)317 S Berry St, Centralia, WA 98531Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%12/19/20275.2 5.2 5.0 — %
Auto Excellance of Fort Myers Inc.(#,^)3105 Fowler St, Fort Myers, FL 33901Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%12/19/2042101.1 101.1 117.2 0.03 %
Ocean Trans LLC & Dehal Trucking LLC(#,^)1415 W. Anderson St, Stockton, CA 95206Truck TransportationTerm LoanPrime plus 2.75%12/15/2042595.7 595.7 661.8 0.20 %
JMD Aviation Holdings, LLC(#,^)8050 North West 90th St, Medley, FL 33166Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/15/2027399.8 399.8 419.3 0.12 %
Capital Containers LLC(#,^)7610 Auburn Blvd #4B, Citrus Heights, CA 95610Truck TransportationTerm LoanPrime plus 2.75%12/15/202711.8 11.8 11.7 — %
Peanut Butter & Co., Inc(#,^)119 West 57th St, Ste 300, New York, NY 10019Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/15/2027174.8 174.8 169.8 0.05 %
1-0 Granny's Helpful Hands, LLC(#,^)705 East Lake St, Minneapolis, MN 55407Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%12/15/202717.5 17.5 17.1 0.01 %
Legion Bowl, Inc & Legion Pub Inc(#,^)661 Park St, Cranston, RI 2910Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/15/2042318.4 318.4 369.1 0.11 %
LP Industries Inc. dba Childforms(#,^)2040 Norwood St. SW, Lenoir, NC 28645Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%12/14/202760.3 60.3 62.0 0.02 %
Hana Pastries Enterprises LLC dba Hana Kitchens, Hana Pastries, Inc.(#,^)34 35th St, Brooklyn, NY 11232Food ManufacturingTerm LoanPrime plus 2.75%12/14/202777.2 77.2 80.2 0.02 %
Beale Street Blues Company Inc.dba B.B. King's Club-Memphis(#,^)149 Monroe Ave, Memphis, TN 38103Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/14/2027782.9 782.9 763.8 0.23 %
Barcade Holdings, LLC ,Barcade LLC,& Barcade New Haven LLC(#,^)148 West 24th St, New York, NY 10011Management of Companies and EnterprisesTerm LoanPrime plus 2.75%12/14/202746.3 46.3 45.4 0.01 %
Royalty Freight Inc(#,^)3728 W Mckinley Ave, Fresno, CA 93722Truck TransportationTerm LoanPrime plus 2.75%12/14/2027518.2 518.2 503.2 0.15 %
Atlas Geo-Constructors, LLC(#,^)3466 Thomasville Rd, Winston Salem, NC 27107Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/14/2027238.6 238.6 244.7 0.07 %
KR Calvert & Co, LLC(#,^)113 Seaboard Lane #C-270, Franklin, TN 37067Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%12/14/2027406.8 406.8 395.9 0.12 %
AADJ Empire Inc and AADJ Galaxy Inc.(#,^)1599 Post Rd, Warwick, RI 2888Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/14/2042172.5 172.5 193.5 0.06 %
Heung Kyun Im(#,^)6235 Conlan Bay Drive, Houston, TX 77041Nonstore Retailers Term LoanPrime plus 2.75%12/14/202712.0 12.0 11.7 — %
215
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hardway Inc & AFC Leasing Inc(#,^)12533 S. 73rd E. Place, Bixby, OK 74008Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/13/2027720.9 720.9 700.0 0.21 %
Nichols Fire and Security LLC(#,^)1906 Vanderhorn Drive, Memphis, TN 38134Administrative and Support ServicesTerm LoanPrime plus 2.75%12/13/204283.3 83.3 94.3 0.03 %
LPB LPB Property Management Inc dba Wilderness View Cabins & Ellijay (#,^)498 Wilderness View, Chatsworth, GA 30705Real EstateTerm LoanPrime plus 2.75%12/12/204295.1 95.1 110.3 0.03 %
Jai Ganeshai LLC, Mahiveera 1 LLC, Mahiveera 2 LLC & KSVP LLC(#,^)1120 Wren School Rd, Piedmont, SC 29673Gasoline Stations Term LoanPrime plus 2.75%12/12/202738.7 38.7 37.6 0.01 %
Sky Way Enterprises, Inc, A-Liner-8-Aviation, Inc, Kissimmee Aviation(#,^)3031 Patrick St, Kissimmee, FL 34741Air TransportationTerm Loan8.25%12/12/2027430.9 430.9 383.4 0.11 %
Clore Construction LLC(#,^)21220 FM 1420, Harlingen, TX 78550Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%12/12/2027358.5 358.5 366.1 0.11 %
A-1 Van Services Inc(#,^)154 Sandy Creek Rd, Verona, PA 15147Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%12/12/2027575.1 575.1 589.3 0.17 %
Big Picture Group LLC(#,^)935 N La Jolla, Los Angeles, CA 90046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/12/2027299.7 299.7 298.0 0.09 %
Clear Sound Communications, Inc(#,^)680 Old Medford Ave, Medford, NY 11763Administrative and Support ServicesTerm LoanPrime plus 2.75%12/8/20272.9 2.9 2.8 — %
AV Strategy Inc(#,^)9468 American Eagle Way Ste 100, Orlando, FL 32837Rental and Leasing ServicesTerm LoanPrime plus 2.75%12/8/2027353.8 353.8 356.7 0.11 %
JVLS LLC dba Vaccines 2 Go(#,^)4060 Johns Creek Parkway, Ste H, Suwanee, GA 30024Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/7/202712.0 12.0 11.6 — %
Kim Howard Corp dba NPN Machine Tools(#,^)9130 Wayfarer Lane, Houston, TX 77075Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/7/2042562.5 562.5 651.5 0.19 %
IHC Hardware Inc.(#,^)614 BRd St, Story City, IA 50248Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/6/204295.7 95.7 106.6 0.03 %
ODS Inc(#,^)626 N Delsea Drive, Glassboro, NJ 8028Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/6/202738.1 38.1 38.3 0.01 %
Healthcare Interventions, Inc dba Brightstar Healthcare (#,^)5300 W. Atlantic Ave. Ste 501, Delray Beach, FL 33484Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/4/202711.7 11.7 11.3 — %
Oil Palace, Inc.(#,^)10408 Hwy 64 East, Tyler, TX 75707Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%12/4/2042945.4 945.4 1,095.9 0.32 %
Linda Jean Howard Riley dba The Rusty Bolt(#,^)22345 W. Rt 66, Seligman, AZ 86337Miscellaneous Store RetailersTerm LoanPrime plus 2.75%12/1/204220.0 20.0 23.2 0.01 %
Salud Bar & Grill LLC(#,^)1413 Bushwick Ave, Brooklyn, NY 11207Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/1/202743.7 43.7 42.6 0.01 %
Utara LLC(#,^)214 Pine St, Sandpoint, ID 83864Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/1/202718.1 18.1 18.1 0.01 %
Square1 Partners, LLC(#,^)1088 Greenbriar Lane, Northbrook, IL 60062Publishing Industries (except Internet)Term LoanPrime plus 2.75%12/1/202748.4 48.4 47.0 0.01 %
216
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
WTI Distribution Inc(#,^)5491 E Francis St, Ontario, CA 91761Support Activities for TransportationTerm LoanPrime plus 2.75%11/30/202730.8 30.8 31.3 0.01 %
Fortress Verve Inc, Maurice R. Margules and Antonie C. Reinhard(#,^)1 Jackson St, Troy, NY 12180Miscellaneous Store RetailersTerm LoanPrime plus 2.75%11/30/202780.8 80.8 84.8 0.02 %
Skin Beauty Bar Inc. and Tameka J. Mathis(#,^)749 8th St SE 2nd Floor, Washington, DC 20003Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/30/20276.9 6.9 6.8 — %
J. Venture Holdings, LLC(#,^)2285 St. Andrews Ave, Zachary, LA 70791Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/30/20279.6 9.6 10.1 — %
Our Playhouse Preschool, LLC(#,^)3501 NC Hwy 54 W, Chapel hill, NC 27516Social AssistanceTerm LoanPrime plus 2.75%11/29/2042223.1 223.1 258.6 0.08 %
OPH Lexington, Inc(#,^)235 Walton Ave, Lexington, KY 40502Social AssistanceTerm LoanPrime plus 2.75%11/29/2042181.5 181.5 210.4 0.06 %
Beacon Brewing LLC and C' Sons, LLC(#,^)700 Lincoln St, Lagrange, GA 30204Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/27/2042120.6 120.6 139.8 0.04 %
JMD Corporation dba Dart's True Value(#,^)121 South Main St, Payette, ID 83661Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%11/22/202714.4 14.4 14.6 — %
Webtez Inc dba Mod Vans(#,^)1673 Donlon St, Ste 202, Ventura, CA 93003Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%11/22/202753.9 53.9 52.5 0.02 %
Step Up Academy of the Arts, LLC(#,^)2258A Wigwam Parkway, Henderson, NV 89074Educational ServicesTerm LoanPrime plus 2.75%11/22/202712.1 12.1 11.8 — %
Grumpy's Restaurant Company, LLC(#,^)834 Kingsley Ave, Orange Park, FL 32073Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/21/202754.7 54.7 53.2 0.02 %
PB Market LLC dba Pure Barre(#,^)164-C Market St, Charleston, SC 29401Educational ServicesTerm LoanPrime plus 2.75%11/21/202783.5 83.5 81.2 0.02 %
Cali Fit Meals(#,^)3450 East Orangethrope Ave, Anaheim, CA 92806Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/21/202717.3 17.3 17.6 0.01 %
B Lam LLC(#,^)9419 Kenwood Rd, Cincinnati, OH 45242Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/20/2042172.3 172.3 197.8 0.06 %
Maya Motel, LLC dba Town House Motel(#,^)1701 Washington Ave, Waco, TX 76701AccommodationTerm LoanPrime plus 2.75%11/17/204254.3 54.3 62.9 0.02 %
Southern Specialty Contractor, LLC & Ronald David Holbrook Jr.(#,^)1990 Flippen Rd, Stockbridge, GA 30281Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/17/202740.8 40.8 39.9 0.01 %
SSI Refrigerated Express Inc. and Robert M Stallone(#,^)1001 E. Cooley Drive Ste 102, Colton, CA 92324Truck TransportationTerm LoanPrime plus 2.75%11/17/202748.4 48.4 47.7 0.01 %
H & H Hotshot Services, Inc.(#,^)5455 N. 51st Ave Ste 30, Glendale, AZ 85301Couriers and MessengersTerm LoanPrime plus 2.75%11/16/202753.9 53.9 53.7 0.02 %
J R Wholesale Tires & Auto Center, LLC(#,^)822 Cameron Lane, Lugoff, SC 29078Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%11/15/204212.8 12.8 14.9 — %
Auto Rx LLC,J&P Auto Repair Inc(#,^)91 & 95 Woodbury Rd, Hicksville, NY 11801Repair and MaintenanceTerm LoanPrime plus 2.75%11/15/2042186.5 186.5 216.0 0.06 %
Marcaco LLC(#,^)124 Lincoln Ave, Colonie, NY 12205Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%11/15/2042498.6 498.6 578.0 0.17 %
Paramount Dance Studios Inc. and Homestead Dance Supply(#,^)112 N Krome Ave, Homestead, FL 33030Educational ServicesTerm LoanPrime plus 2.75%10/14/2043448.5 448.5 512.8 0.15 %
217
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 89147Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/10/20277.5 7.5 7.3 — %
Hofgard & Co, Inc dba Hofgard Benefits and James Marsh(#,^)400 S. McCaslin Blvd, Ste 201, Louisville, CO 80027Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%11/8/202711.5 11.5 11.2 — %
His Loving Hands Christian Academy, Inc.(#,^)15020 Harrison St, Miami, FL 33176Social AssistanceTerm LoanPrime plus 2.75%11/6/204287.2 87.2 100.1 0.03 %
S & S Auto Body Shop Inc.(#,^)5001 W. Clay St, Richmond, VA 23230Repair and MaintenanceTerm LoanPrime plus 2.75%11/3/2042146.6 146.6 170.0 0.05 %
Sterling Campbell Insurance Agency, Inc(#,^)36359 North Gantzel Rd Ste 102, San Tan Valley, AZ 85140Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%11/3/20275.8 5.8 5.6 — %
Top Quality Dent Service LLC(#,^)1541 Vapor Trail, Colorado Springs, CO 80905Repair and MaintenanceTerm LoanPrime plus 2.75%11/2/20274.6 4.6 4.5 — %
 Edge Studios Inc Radiant Yoga LLC(#,^)448 Howe Ave, Sacramento, CA 95825Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%11/1/202752.4 52.4 51.5 0.02 %
Rachael Reel dba Rachel Reel Insurance Age(#,^)208 Bank St, Lenoir, TN 37771Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%10/31/20275.7 5.7 5.6 — %
Berza TLG,LLC dba The Little Gym of Lake Charles(#,^)1301 E McNeese St, Ste 201, Lake Charles, LA 70607Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%10/31/202732.4 32.4 31.8 0.01 %
Die Hard Used Car Sales(#,^)1668 West Grand Ave, Phoenix, AZ 85007Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%10/30/204253.6 53.6 62.1 0.02 %
The Five Lakes LLC(#,^)13705 Holmes Rd, Kansas City, MO 64154Educational ServicesTerm LoanPrime plus 2.75%10/30/2042450.7 450.7 522.5 0.15 %
Blue Eagle Transport Inc , Golden Eagle Transport, Inc & Green Eagle(#,^)377 Boston Post Rd Unit B, Milford, CT 6460Couriers and MessengersTerm LoanPrime plus 2.75%10/27/202729.2 29.2 28.8 0.01 %
Sage Oil LLC(#,^)8913 Egyptian Ave, Las Vegas, NV 89143Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%10/27/20277.6 7.6 7.5 — %
Ashore Ventures Inc dba PuroClean Professional Restoration(#,^)909 SE Everett Mall Way Ste A-140, Everett, WA 98208Repair and MaintenanceTerm LoanPrime plus 2.75%10/27/202711.1 11.1 11.0 — %
Suzie LLC dba Tony D's Restaurant(#,^)92 Huntington St, New London, CT 6320Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/25/204283.0 83.0 95.8 0.03 %
Grand Blanc Lanes, Inc.(#,^)5301 S. Saginaw Rd, Flint, MI 48507Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%10/25/202711.4 11.4 12.0 — %
Schafer Fisheries Inc(#,^)21985 Waller Rd, Fulton, IL 61252Food ManufacturingTerm LoanPrime plus 2.75%10/25/202727.4 27.4 28.7 0.01 %
Island Refrigeration & AC Inc(#,^)3201 Flagler Ave, Unit 510 & 511, Key West, FL 33040Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/18/2042125.7 125.7 143.3 0.04 %
Looky Enterprises, LLC(#,^)1175 Surlington Ave, Ste 101, Leland, NC 28451Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/18/202750.7 50.7 50.0 0.01 %
Blueridge Armor LLC(#,^)1495 Hwy 74-A Bypass, Ste 150192, Spindale, NC 28160Miscellaneous ManufacturingTerm LoanPrime plus 2.75%10/17/20276.3 6.3 6.4 — %
H and K Dry Cleaning LLC ,Quintero Shopping Center LLC,Aqua Laundry(#,^)1227 Burnside Ave, East Hartford, CT 6108Electronics and Appliance StoresTerm Loan7.5%10/17/204261.3 61.3 57.4 0.02 %
218
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Cortez Landscaping, LLC(#,^)4 Powder Rd, Norwalk, CT 6854Administrative and Support ServicesTerm LoanPrime plus 2.75%10/13/202714.6 14.6 14.7 — %
On Call Services LLC(#,^)15060 281St Ave NW, Zimmerman, MN 55398Construction of BuildingsTerm LoanPrime plus 2.75%10/13/202713.7 13.7 14.4 — %
Pro Anderson, LLC(#,^)1092 Hampton Inn Way, Ste 400, Jacksonville, NC 28546Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%10/11/202741.2 41.2 40.4 0.01 %
Sandbox Ventures LLC(#,^)1857 A Elmdale Ave, Glenview, IL 60026Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%10/11/202715.4 15.4 15.8 — %
Eye Optique Inc.(#,^)10800 Alpharetta Hwy, Ste 220, Roswell, GA 30076Health and Personal Care StoresTerm LoanPrime plus 2.75%10/5/202711.4 11.4 11.1 — %
Ains Holding Company LLC(#,^)121 Fulton St, New York, NY 10038Management of Companies and EnterprisesTerm LoanPrime plus 2.75%10/2/202769.2 69.2 68.2 0.02 %
Becky Lou Corp dba Rent A Center(#,^)3578 Route 611, Ste 210, Bartonsville, PA 18321Rental and Leasing ServicesTerm LoanPrime plus 2.75%10/2/202769.3 69.3 69.8 0.02 %
Dan Cline Transport Inc.(#,^)501 State Drive, Mount Vernon, MO 65712Truck TransportationTerm LoanPrime plus 2.75%9/29/2030823.9 823.9 829.2 0.24 %
Harco Metal Products Inc(#,^)7895 East Acoma Drive Ste 102, Scottsdale, AZ 85260Primary Metal ManufacturingTerm LoanPrime plus 2.75%9/29/2042466.7 466.7 518.0 0.15 %
Chicago American Manufacturing LLC, Dockside Steel ProcessingLLC(#,^)4500 W 47th St, Chicago, IL 60632Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/29/20421,174.4 1,174.4 1,339.6 0.39 %
Sashshel Corporation(#,^)676 Franklin Blvd, Somerset, NJ 8873Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/29/2042201.4 201.4 233.5 0.07 %
Miechella Suzette Decker(#,^)3515 Main St, Exmore, VA 23350Miscellaneous Store RetailersTerm LoanPrime plus 2.75%9/29/204293.9 93.9 108.8 0.03 %
Threads of Time LLC(#,^)207 S Buchanan St, Danville, IL 61832Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%9/29/2042130.3 130.3 147.3 0.04 %
Rhode Island Tennis Management LLC(#,^)636 Centerville Rd, Warwick, RI 2886Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/28/2042524.0 524.0 591.7 0.17 %
National Media Services, Inc(#,^)5091 Lexington Blvd, Fort Meyers, FL 33919Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/28/202714.2 14.2 13.7 — %
Pets A Go Go LLC(#,^)589 North State Rd, Briarcliff Manor, NY 10510Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/28/2042188.1 188.1 215.5 0.06 %
Rhode Island Tennis Management LLC(#,^)636 Centerville Rd, Warwick, RI 2886Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/28/2042364.9 364.9 412.0 0.12 %
Nicholson Lumber Co Inc.(#,^)377 Main St, Nicholson, PA 18446Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%9/28/2030178.9 178.9 189.8 0.06 %
Complete Care IT LLC(#,^)4801 South University Drive, Ste 125, Davie, FL 33328Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/27/202711.1 11.1 10.8 — %
Technologist Inc(#,^)3120 Farview Drive, Ste 610, Falls Church, VA 22042Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%9/27/2027187.1 187.1 195.8 0.06 %
Inspirations Food Design, Inc(#,^)1338 Memorial Ave, West Springfield, MA 1089Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/26/2042443.3 443.3 503.8 0.15 %
219
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 10309Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/22/202716.9 16.9 16.5 — %
KB Waterjet Cutting LLC(#,^)4330 Parker Lane, Addis, LA 70710Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/22/20277.7 7.7 7.7 — %
Sallee Pro-Custom Fabrication Shop LLC(#,^)8865 North County Rd 600 W, Scipio, IN 47273Repair and MaintenanceTerm LoanPrime plus 2.75%9/21/20276.8 6.8 7.1 — %
Insight Diagnostic Technologist Services(#,^)2030 Forest Ave, Ste 110, San Jose, CA 95128Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/20/2027245.5 245.5 243.3 0.07 %
Commonwealth Diagnostics International, Inc(#,^)39 Norman St a/k/a 1 Holyoke Square, Salem, MA 1970Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/20/2027982.5 982.5 1,028.4 0.30 %
NY Tent LLC & NY Tent Parent, LLC dba Tent Company of New York(#,^)1401 Lakeland Ave, Bohemia, NY 11716Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/20/2027776.8 776.8 799.3 0.24 %
Imagine By Carleen, Inc.(#,^)1404 Del Prado Blvd. South, Units 100 & 105, Cape Coral, FL 33904Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/20/20275.7 5.7 5.9 — %
CR Park Incorporated dba Define Body and Mind(#,^)49 W. Allandale Ave, Allendale, NJ 7401Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/20/202750.3 50.3 50.3 0.01 %
Denek Contracting Inc and Denek Leasing LLC(#,^)451 E. Wilson Ave, Pontiac, MI 48341Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/20/2042198.7 198.7 230.0 0.07 %
Montessori Community School(#,^)123 South Navarra Drive, Scotts Valley, CA 95066Social AssistanceTerm LoanPrime plus 2.75%9/20/2042259.1 259.1 293.9 0.09 %
Sound Manufacturing, Inc. & Monster Power Equipment, Inc.(#,^)51 Donnelley Rd, Old Saybrook, CT 6475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/20/2027150.4 150.4 154.1 0.05 %
CIS BIG DOG, LLC(#,^)8920 US HWY, 62 WEST, Cynthiana, KY 41031Administrative and Support ServicesTerm LoanPrime plus 2.75%9/19/202749.5 49.5 51.8 0.02 %
Stone's Construction and Remodeling, LLC(#,^)5210 Kaylin Drive, Akron, OH 44319Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/19/20274.0 4.0 3.8 — %
Party By Design Inc.(#,^)61 Strafello Drive, Avon, MA 2322Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/18/20421,142.2 1,142.2 1,284.8 0.38 %
Li Family Spokane LLC(#,^)21 E. Lincoln Rd, Spokane, WA 99208Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/15/2042364.3 364.3 418.0 0.12 %
Clinton Food Market LLC(#,^)196 East Main St, Clinton, CT 6413Gasoline Stations Term LoanPrime plus 2.75%9/15/2042242.3 242.3 274.4 0.08 %
Tarleton & Family Landscaping, LLC(#,^)125 E Center St, Midland Park, NJ 7432Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/15/202762.9 62.9 62.2 0.02 %
Alaska Motor Home Inc(#,^)6633 Brayton Dr, Anchorage, AK 99507Rental and Leasing ServicesTerm LoanPrime plus 2.75%9/13/2027251.6 251.6 243.9 0.07 %
Fox Valley Rentals & Investments, LLC(#,^)2906 E. Newberry St, Appleton, WI 54915Food Services and Drinking PlacesTerm LoanPrime plus 3.75%9/13/20275.7 5.7 6.1 — %
Nails By Mercede LLC(#,^)2994 and 2996 Edgewater Drive, Orlando, FL 32804Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/13/202710.8 10.8 10.9 — %
Town & Country Transportation Co. and Popco, LLC.(#,^)191 Arch St, New Britain, CT 6051Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%9/12/2042159.8 159.8 185.0 0.05 %
220
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Rajbai Maa Inc. dba Nara Lounge(#,^)244-252 Atwells Ave, Providence, RI 2903Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/12/2042369.1 369.1 411.5 0.12 %
Morgan Lynn Kerstetter dba Catherine School of Dance(#,^)315 Mill St 3rd Floor, Danville, PA 17821Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%9/11/20275.7 5.7 5.9 — %
Health & Performance Center, LLC(#,^)1862 Craigshire Rd, Saint Louis, MO 63146Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/11/202715.4 15.4 14.9 — %
Foxtail, LLC and Tottly New Services Corp(#,^)1481 Highland Ave, Cheshire, CT 6410Social AssistanceTerm LoanPrime plus 2.75%9/8/2042275.9 275.9 312.7 0.09 %
Echelon Planning Group, LLC dba Echelon Financial Services and Echelon(#,^)5 Greenleaf Drive, Unit 201, Portsmouth, NH 3801Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%9/8/20275.7 5.7 5.9 — %
Crazy Beatz Productions LLC(#,^)20014 NE 138th St, Kearney, MO 64060Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 3.75%9/7/20274.1 4.1 4.1 — %
South Fulton Landscape & Nursery, Inc.(#,^)3415 Enon Rd, College Park, GA 30349Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%9/7/204294.8 94.8 109.7 0.03 %
Dreaming Big Learning Center Inc(#,^)3301 W Oak St, Kissimmee, FL 34741Social AssistanceTerm LoanPrime plus 2.75%9/5/2042359.9 359.9 407.2 0.12 %
Big Coop's Trucking LLC(#,^)3066 Misty Creek Drive., Swartz, MI 48473Truck TransportationTerm LoanPrime plus 2.75%9/1/202775.5 75.5 77.0 0.02 %
Blue EagleTransport Inc, Greeneagle Transport Inc & Golden Eagle Tran(#,^)377 Boston Post Rd, Milford, CT 6460Couriers and MessengersTerm LoanPrime plus 2.75%8/31/2027293.3 293.3 289.1 0.09 %
Parlay Disributors LLC(#,^)20 Medford Ave, Ste 104, Patchogue, NY 11772Educational ServicesTerm LoanPrime plus 2.75%8/25/202783.2 83.2 81.4 0.02 %
Lake County Tow LLC(#,^)15409 Country Rd 565A, Clermont, FL 34711Support Activities for TransportationTerm LoanPrime plus 2.75%8/25/204282.8 82.8 93.5 0.03 %
InUSA Ventures Inc dba InUSA Services(#,^)3015 San Pablo Ave, Ste 511, Berkeley, CA 94702Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%8/24/202718.7 18.7 18.1 0.01 %
Genuine Ventures LLC and Seaweed Ventures LLC(#,^)432 S Franklin St, Juneau, AK 99801Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/24/2030469.9 469.9 484.4 0.14 %
Delicias de Minas Restaurant, LLC(#,^)168-170 McWhorter St, Newark, NJ 7105Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/22/2027151.9 151.9 158.9 0.05 %
Damiano Global Corp(#,^)333 Birch Hills Drive, Rochester, NY 14622Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/21/202716.8 16.8 17.2 0.01 %
L&V Auto Sales, Inc.(#,^)1504 West Franklin Blvd., Gastonia, NC 28052Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%8/21/202713.5 13.5 14.1 — %
Tier1 Solutions LLC(#,^)1000 Essington Rd Ste. 109 & 111, Joliet, IL 60435Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/18/202714.0 14.0 13.9 — %
Tony Herring & Associates, Inc(#,^)211 West Camellia Drive, Slidell, LA 70458Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%8/17/20275.6 5.6 5.4 — %
Chester's World Enterprise LLC(#,^)140 W Alameda Drive, Ste 104, Tempe, AZ 85282Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/16/202716.9 16.9 16.8 — %
D'Amato & Sons Construction, Inc.(#,^)117 Oak St, Amityville, NY 11701Specialty Trade ContractorsTerm LoanPrime plus 2.75%8/11/20276.2 6.2 6.2 — %
221
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
L & J Corporate Services Inc(#,^)866 NW 110th Ave, Coral Springs, FL 33071Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/4/20274.7 4.7 4.6 — %
HMG Strategy LLC,(#,^)191 Post Rd W., Westport, CT 6880Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/2/202735.5 35.5 34.4 0.01 %
Royal Blue Investments, Inc. and Cleland Pharmacy LLC(#,^)202 S. 1st St, Wakeeny, KS 67672Health and Personal Care StoresTerm LoanPrime plus 2.75%7/31/204250.0 50.0 57.6 0.02 %
Sharon G McMillen, MA Psychologist, Inc.(#,^)216 West Main St, Kingwood, WV 26537Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%7/28/202713.8 13.8 13.4 — %
Work of Heart Inc dba Little Nest Portraits(#,^)1000 Merdian Blvd, Ste 112, Franklin, TN 37067Professional, Scientific, and Technical ServicesTerm Loan7.5%7/28/202743.5 43.5 38.8 0.01 %
HQTRONIC LLC(#,^)10135 S. Roberts Rd, Ste. 209, Palos Hills, IL 60465Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%7/27/202716.7 16.7 16.2 — %
Oberon IT, Inc.(#,^)1404 W. Walnut Hill Lane, Irving, TX 75038Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/26/2027162.1 162.1 162.8 0.05 %
Gilles Peress Studio LLC(#,^)76 Lafayette Ave, Brooklyn, NY 11217Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/25/202746.0 46.0 44.5 0.01 %
Obok LLC(#,^)2720 S. Havana St., Unit H, Aurora, CO 80014Food ManufacturingTerm LoanPrime plus 2.75%7/21/20278.9 8.9 9.0 — %
Lil Tots' Learning Center LLC(#,^)3042 S 78th St, Tampa, FL 33619Social AssistanceTerm LoanPrime plus 2.75%7/21/204228.3 28.3 32.8 0.01 %
Ocean Trans LLC(#,^)1415 W Andersonr Way, Stockton, CA 95206Truck TransportationTerm LoanPrime plus 2.75%7/21/202729.1 29.1 28.2 0.01 %
Matrix Z LLC(#,^)800 SW 21st Terrace, Fort Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 3.75%7/19/20275.8 5.8 6.2 — %
Aitheras Aviation Group, LLC , Aitheras Aviation Group, LLC(#,^)2301 N Marginal Rd, Cleveland, OH 44114Air TransportationTerm LoanPrime plus 2.75%7/18/2027611.0 611.0 594.5 0.18 %
Wildflour Bakery & Cafe, LLC(#,^)5137 Clareton Drive, Ste 100,110 & 120, Agoura Hills, CA 91301Food ManufacturingTerm LoanPrime plus 2.75%7/17/202716.7 16.7 17.4 0.01 %
Koep Companies dba Pipestone True value(#,^)207 East Main St, Pipestone, MN 56164Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%7/14/2042308.3 308.3 345.2 0.10 %
McCord Holdings, Inc. dba Fast Signs 176101(#,^)7640 N. Wickham Rd, Melbourne, FL 32940Administrative and Support ServicesTerm LoanPrime plus 2.75%7/7/202713.9 13.9 13.7 — %
Thrifty Market Inc dba Thrifty Foods(#,^)702 10th St, Wheatland, WY 82201Food and Beverage Stores Term LoanPrime plus 2.75%7/6/202779.6 79.6 79.2 0.02 %
Hamilton & Associates Real Estate and Investments Firm LLC(#,^)11776 West Sample Rd, Coral Springs, FL 33065Real EstateTerm LoanPrime plus 2.75%6/30/204251.0 51.0 59.4 0.02 %
The Country House Restaurant, LLC and Pelton Real Estate, LLC(#,^)677 US Route 7, Pittsford, VT 5763Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/30/204248.1 48.1 56.3 0.02 %
J&M Civil Construction Services LLC(#,^)1221 County Rd 4371, Decatur, TX 76234Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/30/202772.5 72.5 73.4 0.02 %
J. T. O'Neill Company, L.L.C(#,^)19972 Willowin Farm Lane, Purcellville, VA 20132Real EstateTerm LoanPrime plus 2.75%6/30/202711.0 11.0 11.2 — %
New Chicago Wholesale Bakery Inc.(#,^)795 Touhy Ave, Elk Grove Village, IL 60007Food ManufacturingTerm LoanPrime plus 2.75%6/30/202711.3 11.3 11.8 — %
222
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Oakhill Farms, LLC(#,^)15 Carl St, Johnston, RI 2919Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/29/203081.8 81.8 88.2 0.03 %
Best Bees Company(#,^)839 Albany St, Boston, MA 2119Animal Production and AquacultureTerm LoanPrime plus 2.75%6/29/202716.5 16.5 16.7 — %
Stiegelbauer Associates Inc.(#,^)63 Flushing Ave, Unit 101, Building 280, Brooklyn, NY 11205Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/29/2027226.2 226.2 238.0 0.07 %
Intellixion LLC(#,^)7447 Egan Dr, Ste 110 A, Savage, MN 55378Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/29/20272.7 2.7 2.8 — %
Malhame & Company Publishers & Importers Inc.(#,^)180 Orville Rd, Bohemia, NY 11780Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/29/202768.4 68.4 69.4 0.02 %
Greensboro Plastic Surgical Associates, PA(#,^)2716 Henry St, Greensboro, NC 27405Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/29/2042545.4 545.4 632.9 0.19 %
Ocean Trans LLC and Dehal Trucking LLC(#,^)760 W. Charter Way, Stockton, CA 95206Truck TransportationTerm LoanPrime plus 2.75%6/29/2027452.3 452.3 458.3 0.14 %
Foxhop Fitness, LLC(#,^)4211 NW Federal Hwy, Jensen Beach, FL 34957Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/28/202766.8 66.8 67.9 0.02 %
Old Dominion Transportation Group, Inc.(#,^)1308 Devils Reach Rd, Woodbridge, VA 22192Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%6/28/2027765.1 765.1 780.7 0.23 %
Akal Express Inc. dba Truck Trailer Service Stop(#,^)2901 I 40 West, Vega, TX 79092Repair and MaintenanceTerm LoanPrime plus 2.75%6/28/204226.4 26.4 31.1 0.01 %
Citibin, Inc.(#,^)254 36th St, Ste B519, Brooklyn, NY 11232Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%6/27/202791.7 91.7 92.9 0.03 %
Auxiliary Systems Inc.,Sharrick Company, LLC & KMN, LLC(#,^)211 East 25th St, Norfolk, VA 23504Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%6/27/2030201.0 201.0 216.5 0.06 %
Four Seasons Laser Center Inc.(#,^)4720 NW 2nd Ave Unit D-104 and Unit D-105, Boca Raton, FL 33498Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/26/2042211.4 211.4 245.1 0.07 %
Ains Holding Company, LLC(#,^)122 West 26th St, New York, NY 10011Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/26/2027841.7 841.7 858.7 0.25 %
Northern Industries, LLC(#,^)W 5585 Dehart Drive, Tomahawk, WI 54484Miscellaneous ManufacturingTerm LoanPrime plus 2.75%6/23/204254.4 54.4 63.8 0.02 %
Vella Construction Enterprises, Inc. dba Vella Construction(#,^)318 28th Ave, San Mateo, CA 94403Construction of BuildingsTerm LoanPrime plus 2.75%6/23/202716.5 16.5 16.7 — %
Birches Group, LLC(#,^)228 East 45th St. 12th FL South, New York, NY 10017Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/22/202736.7 36.7 37.2 0.01 %
Scarlet Spartan Inc.dba FastSigns of Brighton(#,^)533 W. Grand River Ave, Brighton, MI 48116Administrative and Support ServicesTerm LoanPrime plus 2.75%6/19/202716.0 16.0 16.5 — %
Don G. Timpton DDS & Associates PA and Indsaad Properties,LLC(#,^)11535 Carmel Commons Blvd. Ste 200, Charlotte, NC 28226Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/16/2042377.5 377.5 434.3 0.13 %
All Regional Recyclers of Wood LLC dba ARROW,Superior Carting,LLC(#,^)104 Wooster St, Bethel, CT 6801Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%6/15/2042292.7 292.7 338.8 0.10 %
JAM Media Solutions, LLC(#,^)4744 Tackawanna St, Philadelphia, PA 19124Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/15/202724.5 24.5 24.8 0.01 %
223
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
ESA 365 Corp and Lucathor Realty LLC(#,^)2420 Grand Ave, Baldwin, NY 11520Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/14/204221.2 21.2 24.7 0.01 %
Hull's Kitchen, LLC and HK Too, LLC(#,^)19 Hull Shore Dr, Hull, MA 2045Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/14/204291.3 91.3 107.1 0.03 %
Tele Tax Express Inc., El Rancho Paiso, LLC and Nestor Romero(#,^)577 Main Ave, Paterson, NJ 7055Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/14/204287.2 87.2 101.9 0.03 %
Susan Hughes dba Aloha Junction B and B(#,^)19-4037 Olapalapa Rd, Volcano, HI 96785AccommodationTerm LoanPrime plus 2.75%6/14/204258.9 58.9 69.1 0.02 %
Refoleen Inc dba Spice and Tea Exchange(#,^)849 E Commerce St Ste 121, San Antonio, TX 78205Food and Beverage Stores Term LoanPrime plus 2.75%6/8/20272.6 2.6 2.6 — %
Skydive California, LLC(#,^)25001 S Kasson Rd, Tracy, CA 95301Educational ServicesTerm LoanPrime plus 2.75%6/2/202740.3 40.3 42.4 0.01 %
SCW, LLC dba Arthur Murray Dance Studio(#,^)2383 Old Dixwell Ave, Hamden, CT 6518Educational ServicesTerm LoanPrime plus 2.75%6/2/2042137.6 137.6 159.7 0.05 %
Speaker City, Inc.and Speaker Town, LLC dba Rollin Thunder(#,^)246 East Belt Blvd, Richmond, VA 23224Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%6/1/204243.0 43.0 50.1 0.01 %
Sage Oil LLC(#,^)8913 Egyptian Ave, Las Vegas, NV 89143Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%5/31/202716.3 16.3 16.6 — %
Ricnet III, Inc. dba Edible Arrangements(#,^)716 Foxcroft Ave, Martinsburg, WV 25401Food and Beverage Stores Term LoanPrime plus 2.75%5/31/202710.9 10.9 11.1 — %
Funtime, LLC and Universal Entertainment Group LLC(#,^)13200 W. Foxfire Dr #144, Surprise, AZ 85387Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/31/202750.0 50.0 50.9 0.01 %
Haroon Baig,Inc.dba US1 Petrol(#,^)1280-1290 Dixwell Ave, Hamden, CT 6514Gasoline Stations Term LoanPrime plus 2.75%5/31/2042248.4 248.4 291.4 0.09 %
Chet Lemon Enterprises LLC dba All American Sports(#,^)1544 Lane Park Cutoff, Tavares, FL 32778Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/26/2042746.7 746.7 876.1 0.26 %
Eagle Wood Works LLC(#,^)1448 Horsehead Rd, Lugoff, SC 29078Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%5/26/20278.7 8.7 9.0 — %
Hurricane Group, Inc.(#,^)312 West Fourth St, Carson City, NV 89703Other Information ServicesTerm LoanPrime plus 2.75%5/26/202755.1 55.1 55.8 0.02 %
Swantown Inn & Spa LLC(#,^)1431 11th Ave SE, Olympia, WI 98501AccommodationTerm LoanPrime plus 2.75%5/26/2042119.6 119.6 140.2 0.04 %
Beyond Waves A Unique Salon LLC and Lori Ann Carlson(#,^)2290 Foxon Rd Route 80, North Branford, CT 6471Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/25/20279.1 9.1 9.2 — %
Jung Design Inc.(#,^)10857 Pine Bluff Drive, Fisher, IN 46037Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/25/20276.5 6.5 6.6 — %
Abdul Naushad MD PC dba Advanced Pain Centers(#,^)2865 James Blvd, Poplar Bluff, MO 63901Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/25/2042372.3 372.3 434.9 0.13 %
Locavore LLC dba Paloma Restaurant(#,^)401 S. Guadalupe St, Santa Fe, NM 87501Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/25/202736.3 36.3 37.2 0.01 %
Innovim, LLC(#,^)6401 Golden Triangle Drive Ste 200, Greenbelt, MD 20770Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/24/2027219.9 219.9 222.8 0.07 %
224
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Prestige Construction of Florida, LLC(#,^)1404 Yorktown St Ste E, Deland, FL 34944Construction of BuildingsTerm LoanPrime plus 2.75%5/23/2042317.0 317.0 365.7 0.11 %
Hayden Trucking LLC(#,^)11540 Eagle Vista Drive, Fort Worth, TX 76179Truck TransportationTerm LoanPrime plus 2.75%5/19/202799.9 99.9 105.2 0.03 %
Tres K Deli,Grocery,Fruit and Meat Inc.(#,^)125 West Tremont Ave, Bronx, NY 10453Food and Beverage Stores Term LoanPrime plus 2.75%5/19/20276.0 6.0 6.2 — %
 Iron Men Home Repair, Inc. and Ironmen House Lifting Inc.(#,^)132 North Wellwood Ave, Lindenhurst, NY 11757Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/19/2042548.0 548.0 637.5 0.19 %
Waterford Plumbing Co, Inc.(#,^)2425 W. Cuyler Ave, Chicago, IL 60618Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/18/202736.3 36.3 37.0 0.01 %
Mr. B's Bicycles & Mopeds, Inc.(#,^)1870 S. 4th Ave, Yuma, AZ 85364Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%5/18/2042138.1 138.1 160.4 0.05 %
Bay Car Wash LLC(#,^)952 South Commercial St and West Magnolia, Aransas Pass, TX 78336Repair and MaintenanceTerm LoanPrime plus 2.75%5/18/2042113.9 113.9 132.5 0.04 %
Computech Computers Inc.(#,^)40-24 76th St, Office #2B, Elmhurst, NY 11373Educational ServicesTerm LoanPrime plus 2.75%5/17/202736.3 36.3 36.8 0.01 %
5 Stars Learning Center Inc(#,^)14 Paine Ave, Irvington, NJ 7111Social AssistanceTerm LoanPrime plus 2.75%5/16/204258.1 58.1 67.5 0.02 %
Arco Electrical Contractors Inc. dba Arco Construction Group(#,^)22-24 South Seventh St, Elizabeth, NJ 7202Specialty Trade ContractorsTerm LoanPrime plus 2.75%5/16/2027262.0 262.0 270.7 0.08 %
Sanderson Distribution Inc.(#,^)100 Daniel Drive, Alamo, CA 94507Truck TransportationTerm LoanPrime plus 2.75%5/12/20277.6 7.6 7.7 — %
B G F Bobby Q's Inc(#,^)447 N. Main St, Freeport, NY 11520Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/11/20275.4 5.4 5.7 — %
Estelle Finkel Educational Associates,LLC(#,^)125 West Mount Pleasant Ave, Livingston, NJ 7039Educational ServicesTerm LoanPrime plus 2.75%5/11/202788.6 88.6 89.8 0.03 %
Labmates,LLC(#,^)141 Watertown Rd, Thomaston, CT 6787Miscellaneous Store RetailersTerm LoanPrime plus 2.75%5/10/202772.6 72.6 75.9 0.02 %
NHS, LLC(#,^)212 N Douglas Ave, Ellsworth, KS 67439Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/9/202764.3 64.3 66.0 0.02 %
NHS, LLC(#,^)212 N Douglas Ave, Ellsworth, KS 67439Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/9/204220.6 20.6 23.6 0.01 %
Innovation Transport, LLC(#,^)1 International Blvd, Mahwah, NJ 7495Truck TransportationTerm LoanPrime plus 2.75%5/9/202756.8 56.8 59.4 0.02 %
Benchmark Building, Inc.(#,^)1439 Stargazer Terrace, Sanford, FL 32771Construction of BuildingsTerm LoanPrime plus 2.75%5/5/202716.3 16.3 16.6 — %
Cable Management LLC(#,^)290 Pratt St, Meriden, CT 6450Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%5/3/202741.6 41.6 43.3 0.01 %
Fine Arts Center of Easley, Inc. dba Midtown Music(#,^)117 S. Pendleton St, Easley, SC 29640Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%5/2/2042112.5 112.5 132.0 0.04 %
Love and Glory Learning Center, Inc.(#,^)4911 N. 42nd St., Tampa, FL 33610Social AssistanceTerm LoanPrime plus 2.75%4/28/204273.3 73.3 84.9 0.03 %
225
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Sneads Ferry Foods, Inc. dba DQ Grill & Chill(#,^)920 Hwy 210, Sneads Ferry, NC 28460Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/27/2042611.4 611.4 707.7 0.21 %
JMA Inc. dba Primecut and Mezzo; Primecut at Marquee(#,^)393 Charles St, Providence, RI 2904Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/27/2042208.3 208.3 244.4 0.07 %
Resident Research, LLC(#,^)4400 Morris Park Drive Ste M, Charlotte, NC 28277Other Information ServicesTerm LoanPrime plus 2.75%4/24/202763.5 63.5 64.3 0.02 %
Getting Even LLC dba The Zoo Health Club(#,^)377 South Willow St, Ste B 2-1, Manchester, NH 3103Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/21/20275.4 5.4 5.5 — %
Ralph's Hair Salon, Inc.(#,^)175 NW 14th St, Homestead, FL 33030Personal and Laundry ServicesTerm LoanPrime plus 2.75%4/21/204247.0 47.0 54.7 0.02 %
Condron Brothers LLC DBA Luv 2 Play(#,^)4790 La Sierra Ave, Riverside, CA 92505Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/19/202785.9 85.9 88.4 0.03 %
Butternuts Beer and Ale LLC(#,^)4021 Hwy 51, Garrattsville, NY 13342Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%4/12/202753.1 53.1 55.8 0.02 %
The Altitude Group, LLC and Core Home Security, LLC(#,^)949 Clint Moore Rd, Unit 949A, Boca Raton, FL 33487Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/31/202731.7 31.7 32.1 0.01 %
Bear Trail Lodge LLC(#,^)Mile 1 Bear Trail Rd, King Salmon, AK 99613Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/31/2042519.4 519.4 608.9 0.18 %
Citizens Lanes, LLC(#,^)5100 Goodson Connector Rd, Union City, GA 30291Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%3/31/2042607.2 607.2 568.7 0.17 %
Applied Integrated Technologies, Inc.(#,^)7120 Samuel Morse Drive #150, Columbia, MD 21046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/31/202789.1 89.1 90.1 0.03 %
Landmark Ventures USA, Inc.(#,^)475 Park Ave South 25th Floor, New York, NY 10016Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%3/31/2027133.6 133.6 135.1 0.04 %
Golden Hen Inc. dba Cafe(#,^)468 W. Cheltenham Ave, Philadelphia, PA 19126Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/31/202746.1 46.1 46.8 0.01 %
KWG Industries LLC dba Peterson & Marsh Metal Industries(#,^)330 Roycefield Rd Unit B, Hillsborough, NJ 8844Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/30/202721.4 21.4 22.4 0.01 %
Sea Smoke Barbeque, Corp and Danwen LLC(#,^)20 Island Farm Rd, Oak Bluffs, MA 2557Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/30/2042222.3 222.3 258.6 0.08 %
Schafer Fisheries Inc.(#,^)21985 Waller Rd, Fulton, IL 61252Food ManufacturingTerm LoanPrime plus 2.75%3/30/2042233.9 233.9 274.5 0.08 %
Discount Price, LLC dba Robert's Market(#,^)2 Hill Rd, Franklin, NH 3235Gasoline Stations Term LoanPrime plus 2.75%3/29/2042193.9 193.9 226.1 0.07 %
Douglas K. Soderblom . dba Loma Linda Optometry(#,^)25815 Barton Rdad, Unit C104, Loma Linda, CA 92354Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/29/202771.2 71.2 73.1 0.02 %
Gauri Hospitality Group LLC dba Microtel Inns & Suites by Wyndham(#,^)1221 Kentucky Mills Drive, Louisville, KY 40299AccommodationTerm LoanPrime plus 2.75%3/29/2042993.0 993.0 1,165.0 0.34 %
H and H Hotshot Services, Inc. dba AA Hotshot & Logistics(#,^)5455 N 51st St, # 30, Glendale, AZ 85301Couriers and MessengersTerm LoanPrime plus 2.75%3/29/203078.5 78.5 81.4 0.02 %
226
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 6810Social AssistanceTerm LoanPrime plus 2.75%3/28/2042356.3 356.3 414.0 0.12 %
American Pharmaceutical Innovation Company, LLC(#,^)1425 Centre Circle, Downers Grove, IL 60515Chemical ManufacturingTerm LoanPrime plus 2.75%3/28/20275.0 5.0 5.1 — %
Pecos Entertainment LLC dba State Theater and Pecos Inn LLC dba Econo(#,^)421 S. Oak St, Pecos, TX 79772Motion Picture and Sound Recording IndustriesTerm LoanPrime plus 2.75%3/27/2042388.0 388.0 454.5 0.13 %
Heil & Hornik LLC dba Elysium Tennis(#,^)7637 C. Commerce Place, Plain City, OH 43064Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/27/2042873.1 873.1 1,012.3 0.30 %
Color Graphic Press, Inc.(#,^)42 Main St, Nyack, NY 10960Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%3/23/202785.5 85.5 89.8 0.03 %
JBK Truck Trailer and Bus Inc.(#,^)8669 South State Rd 67, Camby, IN 46113Repair and MaintenanceTerm LoanPrime plus 2.75%3/23/204283.6 83.6 96.9 0.03 %
Denton Bio Fuels LLC and American Bio Source LLC(#,^)624 W. University Dr. Ste 359, TX, TX 76201Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%3/23/202743.3 43.3 44.6 0.01 %
Executive Fitness & Nutrition Inc.(#,^)8610 Roosevelt Ave Ste 2, Jackson Heights, NY 11372Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/23/202714.3 14.3 15.1 — %
Baton Rouge Cargo Services Inc. and 6507 Westport, LLC(#,^)6507 Westport Ave, Shreveport, LA 71129Truck TransportationTerm LoanPrime plus 2.75%3/22/2042605.5 605.5 706.6 0.21 %
Vehicle Safety Supply LLC(#,^)707 Femimore Rd, Mamaroneck, NY 10543Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/21/202716.0 16.0 16.2 — %
The Purple Cow House of Pancake Inc(#,^)6 & 10 Skowhegan Rd, Fairfield, ME 4937Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/16/2042150.9 150.9 176.8 0.05 %
Texcor, Inc.dba Texas Corral,Texas Coral Restaurants II, Inc. T.C. of(#,^)5880 US Hwy6, Portage, IN 46368Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/16/2027220.6 220.6 231.7 0.07 %
1MTX LLC and Sunrise Transportation and Logistics, LLC and Mustafa M(#,^)6510 North Broadway, Saint Louis, MO 63147Truck TransportationTerm LoanPrime plus 2.75%3/13/2027468.9 468.9 474.1 0.14 %
Dwayne Bernard Tate(#,^)1238 Woodcliff Court SW, Lilburn, GA 30047Truck TransportationTerm LoanPrime plus 2.75%3/10/20277.5 7.5 7.7 — %
Elegant Occasions, LLC dba E Productions(#,^)3650 Coral Ridge Drive Units 103-104, Coral Springs, FL 33065Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/10/2042555.1 555.1 644.3 0.19 %
Anthony LLC dba Star of Woodward Market(#,^)5730 Woodward Ave, Detroit, MI 48202Food and Beverage Stores Term LoanPrime plus 2.75%3/9/2042108.4 108.4 127.0 0.04 %
Allegro Assisted Living Of Texas(#,^)3400 Remington Drive, Plano, TX 75023Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%3/6/202768.4 68.4 71.8 0.02 %
Podium Auto Sales Inc and RRS Property, LLC(#,^)246 S. Dixie Hwy, Pompano Beach, FL 33060Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/3/204285.3 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 92324Truck TransportationTerm LoanPrime plus 2.75%2/28/2027166.3 166.3 168.2 0.05 %
Weeping Willow Kennels, Inc and Aileen N Black(#,^)6041 Hammond School Rd, Salisbury, MD 21804Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/28/2042131.4 131.4 153.1 0.05 %
Getting Even LLC dba The Zoo Health Club(#,^)377 South Willow St Unit B2-1, Manchester, NH 3103Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/28/202767.9 67.9 69.5 0.02 %
227
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Total Document Solutions Inc and,TDS Services, LLC(#,^)2515 North Shiloh Drive, Fayetteville, AR 72704Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%2/27/2030249.2 249.2 262.5 0.08 %
McNally Enterprises Inc.(#,^)1010 N. Grove St, Anaheim, CA 92806Administrative and Support ServicesTerm LoanPrime plus 2.75%2/27/202745.4 45.4 46.4 0.01 %
Teracore Inc.(#,^)3300 Holcomb Bridge Rd, Ste 226, Norcross, GA 30092Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/27/2027115.4 115.4 116.7 0.03 %
B & J Bicycle Shop Inc.(#,^)1620 E. Sample Rd, Pompano Beach, FL 33064Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%2/24/20274.4 4.4 4.6 — %
TMJ Pizza Mesa LLC dba Rosati's Pizza Restaurant(#,^)2235 S. Power Rd Ste 118, Mesa, AZ 85209Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/24/202753.0 53.0 55.5 0.02 %
3W Enterprises LLC(#,^)2727 Industrial Parkway, Elkhart, IN 46516Textile Product MillsTerm LoanPrime plus 2.75%2/24/204260.9 60.9 71.1 0.02 %
Ameritube, LLC and Ravone Properties, LLC(#,^)1000 North State. Hwy 77, Hillsboro, TX 76645Primary Metal ManufacturingTerm LoanPrime plus 2.75%2/14/2042173.1 173.1 202.8 0.06 %
Baton Rouge Cargo Services Inc. and 2808 Court Street, LLC(#,^)2808 Court St, Port Allen, LA 70767Truck TransportationTerm LoanPrime plus 2.75%2/10/2042232.6 232.6 271.5 0.08 %
Sushiya Inc.(#,^)72 S. Main St, Hanover, NH 3755Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/10/202713.2 13.2 13.5 — %
Maximo Canot dba Wash and Dry Laundrymat(#,^)34 Morningside Ave, Yonkers, NY 10703Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/10/2042129.2 129.2 150.9 0.04 %
Marvic Enterprises Inc dba Jordan's Liquor(#,^)199 Taunton Ave, East Providence, RI 2914Food and Beverage Stores Term LoanPrime plus 2.75%2/10/2042205.6 205.6 239.5 0.07 %
Harrison Logging Company LLC(#,^)255 Ray Crain Rd, Indian Mound, TN 37079Forestry and LoggingTerm LoanPrime plus 2.75%2/9/202774.9 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 7081Repair and MaintenanceTerm LoanPrime plus 2.75%2/7/2042307.8 307.8 355.7 0.10 %
DBMS Consulting, Inc.(#,^)164 West 83rd St. Units CF1 and CF2, New York, NY 10024Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/1/2042173.8 173.8 200.9 0.06 %
Chidlren's House Learning, Inc and Tarps Investment Group(#,^)720 Wilbraham Rd, Springfield, MA 1109Social AssistanceTerm LoanPrime plus 2.75%1/31/2042301.1 301.1 349.5 0.10 %
Brandco, LLC(#,^)2151 Consulate Drive Ste 21, Orlando, FL 32837Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/31/202730.5 30.5 30.8 0.01 %
Fave Realty Inc.(#,^)1875 Grand Ave, Baldwin, NY 11510Real EstateTerm LoanPrime plus 2.75%1/30/204251.1 51.1 59.4 0.02 %
SRC Publishing LLC(#,^)8690 Waterford Bend St, Las Vegas, NV 89123Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%1/27/202715.7 15.7 15.9 — %
Fox Valley Rentals & Investments LLC and Brian M Tomaszewski(#,^)2906 E. Newberry St., Appleton, WI 54915Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/20/204239.8 39.8 46.1 0.01 %
Jolibe LLC and Jolibe Atelier LLC(#,^)357 w 36th #401, New York, NY 10018Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/18/20277.3 7.3 7.5 — %
228
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Eickmann Management Group LLC dba Jimmy Johns of Dundee(#,^)568 Techumseh St, Dundee, MI 48131Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/17/202769.5 69.5 73.0 0.02 %
Fullbro Trust dba Menemsha Blues(#,^)2 Basin Rd, Chilmark, MA 2535Miscellaneous Store RetailersTerm LoanPrime plus 2.75%1/13/202715.7 15.7 16.5 — %
Echelon Enterprises, Inc(#,^)16701 E. Iliff Ave, Aurora, CO 80013Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%1/10/202734.1 34.1 35.8 0.01 %
Metropolitan Solutions Group Inc.(#,^)1420 Chestnut St, Portsmouth, VA 23704Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/19/2041257.0 257.0 295.1 0.09 %
Means Enterprises LLC dba FastFrame Frisco(#,^)4112-4150 Legacy Drive/5729 Leabanon Rd Unit 412, Frisco, TX 75034Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/16/202614.4 14.4 14.6 — %
Soon Im. Chin dba Stan C-Store(#,^)4014 E Stan Schlueter Loop, Killeen, TX 76542Gasoline Stations Term LoanPrime plus 2.75%12/15/2041198.6 198.6 231.8 0.07 %
Sempco, Inc.(#,^)51 -55 Lake St Unit #2-6, Nashua, NH 3060Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/15/204139.2 39.2 45.9 0.01 %
New Chicago Wholesale Bakery, Inc.(#,^)795 Touhy Ave, Elk Grove Village, IL 60007Food ManufacturingTerm LoanPrime plus 2.75%12/15/2041426.1 426.1 492.2 0.15 %
Techni-Pro Institute LLC(#,^)414 NW 35th St, Boca Raton, FL 33431Educational ServicesTerm LoanPrime plus 2.75%12/15/2026130.8 130.8 133.1 0.04 %
Elita 7, LLC(#,^)16 Marble St, Worcester, MA 1603Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%12/15/2041669.9 669.9 779.3 0.23 %
HMG Strategy, LLC(#,^)191 Post Rd West, Westport, CT 6880Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/14/202632.6 32.6 32.9 0.01 %
Trison Enterprises Inc.dba Lee's Automotive(#,^)13281 Aurora Ave N, Seattle, WA 98311Repair and MaintenanceTerm LoanPrime plus 2.75%12/14/2041380.8 380.8 442.2 0.13 %
AGG Management Team LLC dba Chevron(#,^)2615 S Dixie Hwy, West Palm Beach, FL 33401Gasoline Stations Term LoanPrime plus 2.75%12/14/2041267.8 267.8 313.2 0.09 %
Roast Beef Levittown LLC dba Arby's(#,^)2080 Hempstead Turnpike, East Meadow, NY 11554Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/13/2026146.3 146.3 153.3 0.05 %
Success Advertising Inc. dba Success Communivstion Gr(#,^)26 Eastmans Rd, Parsippany, NJ 7054Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/13/2041435.9 435.9 509.1 0.15 %
Wayfarer Bicycle LLC(#,^)118-120 Ocean Ave, New London, CT 6320Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%12/13/204186.4 86.4 99.5 0.03 %
Mack Team Enterprises Inc.dba The UPS Store #6815(#,^)38200 Ave of the States, Fort Gordon, GA 30905Couriers and MessengersTerm LoanPrime plus 2.75%12/9/202614.1 14.1 14.4 — %
Recycling Revolution,LLC(#,^)4190 Collins Rd, Unadilla, GA 31091Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/9/204185.3 85.3 98.7 0.03 %
eCommerce Direct, LLC(#,^)3440 Gannett Ave, Des Moines, IA 50321Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/9/2026534.4 534.4 546.0 0.16 %
New Life Hospital LLC(#,^)17400 Red Oak Drive, Houston, TX 77090HospitalsTerm LoanPrime plus 2.75%12/8/20411,139.8 1,139.8 1,333.1 0.39 %
Imagine By Carleen Inc.(#,^)1404 Del Prado Blvd. Units 100 & 105, Cape Coral, FL 33990Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/8/204149.1 49.1 56.9 0.02 %
229
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hanson's Greeks LLC(#,^)8132 N. 87th Place, Ste A, Scottsdale, AZ 85258Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/8/20267.7 7.7 8.1 — %
Noso Development LLC(#,^)4 Walker Way, Albany, NY 12205Construction of BuildingsTerm LoanPrime plus 2.75%12/1/202653.5 53.5 54.0 0.02 %
Quick Ship, LLC(#,^)448 W. 19th St, Houston, TX 77008Couriers and MessengersTerm LoanPrime plus 2.75%11/30/20267.2 7.2 7.2 — %
Imaginarium Foods LLC,(#,^)751 N. Cable Rd, Lima, OH 45805Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/2042349.1 349.1 406.5 0.12 %
RD Management, LLC(#,^)2302 N. Kings Hwy, Myrtle Beach, SC 29572Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/30/2026145.7 145.7 147.6 0.04 %
Pebble Wood Lane, LLC and Good Sam's Assisted Living Resiidence,LLC(#,^)1 Pebble Wood Lane, Palm Coast, FL 32164Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%11/30/204163.4 63.4 74.2 0.02 %
Usman Jalil, LLC dba Food Mart(#,^)147 N Washington St, Plainville, CT 6062Gasoline Stations Term LoanPrime plus 2.75%11/29/2041217.9 217.9 250.7 0.07 %
Access Staffing, LLC(#,^)360 Lexington Ave 8th Floor, New York, NY 10017Administrative and Support ServicesTerm LoanPrime plus 2.75%11/29/2026841.0 841.0 848.6 0.25 %
CRK Mens, LLC dba Spiff for Men(#,^)750 Third Ave, New York, NY 10017Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/23/202671.1 71.1 72.2 0.02 %
WPN Recycling Company LLC(#,^)5101 Andard Ave, Baltimore, MD 21226Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%11/23/202615.3 15.3 16.1 — %
Hafa Adai Signs and Graphics LLC dba Fastsigns of Auburn(#,^)1835 Auburn Way N Ste B, Auburn, WA 98002Administrative and Support ServicesTerm LoanPrime plus 2.75%11/23/202640.9 40.9 41.4 0.01 %
Bouquet Restaurant LLC(#,^)519 Main St, Covington, KY 41011Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/22/204190.6 90.6 105.9 0.03 %
JBK Truck Trailer and Bus Inc.(#,^)8669 S. State Rd 67, Camby, IN 46113Repair and MaintenanceTerm LoanPrime plus 2.75%11/22/2041388.2 388.2 449.9 0.13 %
6E Technologies LLC(#,^)11001 West 120th Ave, Ste 400, Broomfield, CO 80020Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/22/2026105.4 105.4 109.1 0.03 %
Broms Asset Management LLC(#,^)215 East 79th St Apt 9E, New York, NY 10075Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%11/22/202684.8 84.8 85.6 0.03 %
Skaggs RV Outlet LLC(#,^)301 Commerce Drive, Elizabethtown, KY 42701Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%11/21/202668.2 68.2 71.4 0.02 %
Catherine Christine Morin dba Purr-Fect Pets(#,^)1915 North Austin Ave, Georgetown, TX 78626Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/17/202612.8 12.8 12.9 — %
Stratmar Systems Inc dba Stratmar Retail Services(#,^)109 Willett Ave, Port Chester, NY 10573Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/16/202646.8 46.8 49.0 0.01 %
Hoosier Health Plus, LLC(#,^)520 East 8th St, Anderson, IN 46012Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%11/15/202663.1 63.1 66.1 0.02 %
Hackensack Steel Corporation and Luzerne Ironworks Inc(#,^)300 Sly St, Swoyersville, PA 18709Specialty Trade ContractorsTerm LoanPrime plus 2.75%11/10/2026176.0 176.0 184.4 0.05 %
Dyer Properties, LLC and Bayview Pharmacy, Inc.(#,^)3844 Post Rd, Warwick, RI 2886Health and Personal Care StoresTerm LoanPrime plus 2.75%11/9/2041224.3 224.3 259.1 0.08 %
MIK LLC dba Firehouse Subs(#,^)17250 Royalton Rd, Strongsville, OH 44136Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/9/2026151.9 151.9 153.8 0.05 %
230
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Fine Line Interiors, Inc.(#,^)2530 SW 30th Ave, Hallandale Beach, FL 33009Repair and MaintenanceTerm LoanPrime plus 2.75%11/4/204160.3 60.3 70.5 0.02 %
131 Miles LLC and Ohm Shubh Laxmi, LLC. dba Mr Hero(#,^)13215 Miles Ave, Cleveland, OH 44105Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/3/2041111.5 111.5 130.0 0.04 %
Veracruz Shabo, LLC Waterfalls Quick Lube LLC(#,^)1325 BRd St, Central Falls, RI 2863Repair and MaintenanceTerm LoanPrime plus 2.75%11/1/2041110.8 110.8 128.9 0.04 %
Glocecol LLC(#,^)10302 NW South River Drive, Bay #18, Miami, FL 33178Administrative and Support ServicesTerm LoanPrime plus 2.75%11/1/202651.1 51.1 53.5 0.02 %
Bloomquist Communications Inc.(#,^)131 East Trinity Place, Decatur, GA 30030Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/31/202640.4 40.4 40.8 0.01 %
Moolchan Enterprises LLC dba Staying Green(#,^)2650 S.W. 154 Ave, Davie, FL 33331Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/31/20267.4 7.4 7.7 — %
Woodstock Enterprises Corp dba True Scent Candle Co(#,^)191 2nd Ave, Warwick, RI 2888Miscellaneous ManufacturingTerm LoanPrime plus 2.75%10/31/204182.6 82.6 95.2 0.03 %
Elite Structures Inc(#,^)401 Old Quitman Rd, Abel, GA 31620Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%10/27/2029176.7 176.7 188.8 0.06 %
Blakeslee Arpaia Chapman Inc and Chapman Construction Services LLC(#,^)200 North Branford Rd, Branford, CT 6405Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%10/24/2026286.4 286.4 300.1 0.09 %
Worldwide Estate, Inc. dba Washington Heights Manor(#,^)10620 W. Greenwood Terrace, Milwaukee, WI 53224Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%10/21/2041208.9 208.9 244.4 0.07 %
Gold Wind Logistics LLC(#,^)2830 Beech Daly Rd, Inkster, MI 48141Truck TransportationTerm LoanPrime plus 2.75%10/20/2041162.9 162.9 190.5 0.06 %
Speaker City, Inc. dba Rollin Thunder(#,^)246 East Belt Blvd, Richmond, VA 23224Electronics and Appliance StoresTerm LoanPrime plus 2.75%10/14/2041116.4 116.4 135.4 0.04 %
Maine Service Corp(#,^)59-22 55th St, Maspeth, NY 11378Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%10/13/2026110.7 110.7 115.7 0.03 %
Justin Partlow(#,^)100 Independence Place, Ste 414, Tyler, TX 75703Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%10/13/202613.1 13.1 13.3 — %
Reliable Recovery Services LLC(#,^)2401 West Mcdowell Rd, Phoenix, AZ 85009Support Activities for TransportationTerm LoanPrime plus 2.75%10/7/202675.8 75.8 78.0 0.02 %
Wyspen Corporation dba Charlestown Ace(#,^)5 Austin St, Charlestown, MA 2129Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%10/3/202624.3 24.3 24.5 0.01 %
Ailky Corporation(#,^)352 Beford St, Lakeville, MA 2347Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%10/3/2026159.6 159.6 162.4 0.05 %
JJA Transportation Management Inc.(#,^)15 Church St, Upland, PA 19015Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%9/30/202633.6 33.6 33.9 0.01 %
Seaway LLC and Reklaw LLC dba Allure Lounge(#,^)415 -417 Halsey Drive, Newark, NJ 7102Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/2041127.4 127.4 149.0 0.04 %
Beadon Inc(#,^)2601 Old Ocean City Rd, Salisbury, MD 21804Food and Beverage Stores Term LoanPrime plus 2.75%9/28/202614.9 14.9 15.6 — %
CNC Precision Machine, Inc.(#,^)18360 Industrial Circle, Burton, OH 44021Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/28/20411,188.7 1,188.7 1,376.8 0.41 %
231
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Reynolds Fence & Guardrail Inc.(#,^)9320 Machado Drive, Indian Trail, NC 28079Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%9/27/2026418.4 418.4 435.8 0.13 %
Kyle M Walker DDS, PC(#,^)1402 West Park Ave, Orange, TX 77630Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/27/2026157.1 157.1 159.5 0.05 %
Luv 2 Play Nor Cal, LLC dba Luv 2 Play(#,^)82 Clarksville Rd, Folsom, CA 95630Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/27/202636.2 36.2 36.9 0.01 %
TPFC,LLC dbaThe Picture Frame Company(#,^)5957 Glenway Ave, Cincinnati, OH 45238Miscellaneous Store RetailersTerm LoanPrime plus 2.75%9/26/204154.5 54.5 63.2 0.02 %
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch(#,^)24201 North Hwy 1, Fort Bragg, CA 95437Support Activities for Agriculture and ForestryTerm LoanPrime plus 2.75%9/26/20266.0 6.0 6.3 — %
PeopleBest Inc.(#,^)19442 Mesa Drive, Villa Park, CA 92861Administrative and Support ServicesTerm LoanPrime plus 2.75%9/26/202610.0 10.0 10.0 — %
Cuppiecakes LLC(#,^)313 S Main St, McGregor, TX 76557Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/21/204120.9 20.9 24.1 0.01 %
Wrecking Crew Media LLC(#,^)229 Commercial Ave, Pittsburgh, PA 15212Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%9/21/202633.2 33.2 33.5 0.01 %
Consulting Solutions Inc. and Mark Luciani(#,^)3000 N Federal Hwy 1-1A, Fort Lauderdale, FL 33306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/20/202616.2 16.2 16.8 — %
Benoit's Towing and Recovery LLC(#,^)301 Tabor Rd, Swanton, VT 5488Support Activities for TransportationTerm LoanPrime plus 2.75%9/20/20265.6 5.6 5.7 — %
Marquis Cattle Company(#,^)805 US Hwy 87, Belt, MT 59412Animal Production and AquacultureTerm LoanPrime plus 2.75%9/13/202633.5 33.5 35.1 0.01 %
Metropet Dog Center, Inc(#,^)2057 West Shore Rd, Warwick, RI 2889Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/13/2041101.3 101.3 117.6 0.03 %
Animal Intrusion Prevention Systems Holding Company, LLC dba Critter C(#,^)1362-1366 W. Carrier Parkway, Grand Prairie, TX 75050Administrative and Support ServicesTerm LoanPrime plus 2.75%8/30/202689.8 89.8 91.1 0.03 %
Raem Corporation dba Dryclean Express(#,^)557 West Whitney Rd, Fairport, NY 14450Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/29/204167.1 67.1 78.3 0.02 %
Warren Dale Warrington dba Custom Paint and Body(#,^)705 S Market Ave, Fort Pierce, FL 34982Repair and MaintenanceTerm LoanPrime plus 2.75%8/26/204193.7 93.7 108.9 0.03 %
Albert Basse Associates Inc(#,^)175 Campanelli Parkway, Stoughton, MA 2072Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%8/25/202640.6 40.6 42.4 0.01 %
Rosmel Pools Inc(#,^)9300 NW 25th St Ste 103, Miami, FL 33172Repair and MaintenanceTerm LoanPrime plus 2.75%8/25/202614.8 14.8 15.0 — %
Avery Management Inc. dba Whetstone Upholstery(#,^)1122 N Bloulevard, Richmond, VA 23230Repair and MaintenanceTerm LoanPrime plus 2.75%8/25/20266.7 6.7 6.7 — %
TR Companies LLC dba Liberty Rental 4 U(#,^)410 N Church Rd, Liberty, MO 64068Rental and Leasing ServicesTerm LoanPrime plus 2.75%8/25/202632.6 32.6 32.8 0.01 %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC(#,^)726-740 South Fleming St, Sebastian, FL 32958Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/24/2041492.0 492.0 574.4 0.17 %
Luv 2 Play Temecula, LLC(#,^)26469 Ynez Rd, Temecula, CA 92591Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%8/15/202640.9 40.9 41.1 0.01 %
Grayson O Company(#,^)6509 Newell Ave, Kannapolis, NC 28082Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%8/10/2041578.2 578.2 675.1 0.20 %
232
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Paul Belanger dba Paul Belanger Landscaping(#,^)2595 Military Ave, Los Angeles, CA 90064Administrative and Support ServicesTerm LoanPrime plus 2.75%8/9/20269.8 9.8 9.9 — %
The Hungry Rhino LLC(#,^)47 South Main St, Windsor Locks, CT 6096Real EstateTerm LoanPrime plus 2.75%7/29/204170.4 70.4 81.5 0.02 %
Little Tree Huggers Child Care LLC(#,^)38620 9 Mile Rd, Farmington Hills, MI 48335Social AssistanceTerm LoanPrime plus 2.75%7/29/2041129.3 129.3 150.9 0.04 %
303 Tower Drive LLC(#,^)303 Tower Drive, Ste A, Middletown, NY 10941Repair and MaintenanceTerm LoanPrime plus 2.75%7/29/2041369.5 369.5 430.3 0.13 %
USA General Investment LLC dba Braniff Paint and Body Shop(#,^)2290 NW 21st Terrace, Miami, FL 33142Repair and MaintenanceTerm LoanPrime plus 2.75%7/29/202614.6 14.6 14.8 — %
676 Club LP dba The Green Door Tavern/The Drifter(#,^)676 and 678 North Orleans ST, Chicago, IL 60654Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/28/2041622.6 622.6 726.2 0.21 %
Apple Tree NC Inc dba Williams Farm & Garden Center(#,^)1309 Old Cherry Point Rd, New Bern, NC 28560Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%7/28/2041319.9 319.9 369.1 0.11 %
Intrepid Trinity LLC(#,^)680 Douglas Ave, Providence, RI 2908Nonstore Retailers Term LoanPrime plus 2.75%7/28/204157.7 57.7 67.0 0.02 %
EPEC Juice LLC dba Jamba Juice(#,^)810 Ninth St, Ste 128, Durham, NC 27705Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/27/202654.2 54.2 54.5 0.02 %
Pinco Pizza LLC dba Jet's Pizza(#,^)10845 N. Tatum Blvd Ste A 100, Phoenix, AZ 85028Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/27/202647.7 47.7 49.9 0.01 %
JAG Unit 1, LLC dba Arooga's Grille House and Sports Bar(#,^)1 West Main St, Patchogue, NY 11772Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/27/202682.1 82.1 82.7 0.02 %
Robert G Larson State Farm Insurance(#,^)7922 Jamaica Ave, Woodhaven, NY 11421Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%7/22/202614.6 14.6 14.7 — %
My Sainath Inc dba Motel 6(#,^)1008 E Crest Drive, Waco, TX 76705AccommodationTerm LoanPrime plus 2.75%7/22/2041282.9 282.9 329.6 0.10 %
Robert P Daniels dba Ginger and Friend's Peppermint Village Gift Sho(#,^)1502 Hwy 157, Mansfield, TX 76063Miscellaneous Store RetailersTerm LoanPrime plus 2.75%7/18/202610.2 10.2 10.3 — %
Franklin Firm LLC dba Luv 2 Play(#,^)1310 East Stan Schleuter Loop, Killeen, TX 76542Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/15/2041149.5 149.5 173.6 0.05 %
RM Hawkins LLC dba Pure Water Tech West(#,^)5140 Topaz Drive, Colorado Springs, CO 80918Nonstore Retailers Term LoanPrime plus 2.75%7/7/202632.3 32.3 33.7 0.01 %
Nevey's LLC dba Stark Food III(#,^)6315 W. Fond Du Lac Ave, Milwaukee, WI 53218Food and Beverage Stores Term LoanPrime plus 2.75%6/30/2041271.8 271.8 320.9 0.09 %
Corning Lumber Company Inc and Frank R Close and Son Inc dba Close Pai(#,^)1314 Sixth St, Orland, CA 95963Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/30/2029147.5 147.5 159.1 0.05 %
VMA Technologies LLC(#,^)120 South Serenata Drive Unit 332, Ponte Vedra Beach, FL 32082Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/30/202614.3 14.3 14.8 — %
P L H Pharmaco Inc dba Farmacia San Jose(#,^)149 48th St, Union City, NJ 7087Health and Personal Care StoresTerm LoanPrime plus 2.75%6/30/2026106.7 106.7 111.9 0.03 %
Martin Inventory Management LLC(#,^)304 1/2 Main St, Edgefield, SC 29824Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%6/30/202615.8 15.8 16.6 — %
233
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Desert Tacos LLC(#,^)245 East Bell Rd Ste A-2, Phoenix, AZ 85022Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/30/202664.9 64.9 67.9 0.02 %
WGI, LLC dba Williams Grant Inn(#,^)154 High St, Bristol, RI 2809AccommodationTerm LoanPrime plus 2.75%6/29/2041113.3 113.3 133.6 0.04 %
O.D.S. Inc dba Four Seasons Health & Racquet and Step 'N' Motion, Inc(#,^)626 Delsea Drive N, Glassboro, NJ 8028Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/29/202689.8 89.8 93.0 0.03 %
KWG Industries, LLC dba Peterson & Marsh Metal Industries(#,^)330 Roycefield Rd, Unit B, Hillsborough, NJ 8844Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%6/29/2041280.6 280.6 331.0 0.10 %
JumboMarkets Inc dba Rines Jumbomarkets(#,^)15500 SW Trail Drive, Indiantown, FL 34956Food and Beverage Stores Term LoanPrime plus 2.75%6/24/202632.0 32.0 33.0 0.01 %
Island Time Investments, LLC dba Swantown Inn Bed & Breakfast(#,^)1431 11th Ave SE, Olympia, WA 98501AccommodationTerm LoanPrime plus 2.75%6/24/204193.3 93.3 110.0 0.03 %
Shooting Sports Academy LLC and Jetaa LLC dba Shooting Sports Academy(#,^)27 Main St, Monroe, CT 6468Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/23/2041459.2 459.2 538.4 0.16 %
Visual Advantage LLC dba Signs Now Perryberg(#,^)23248 Dunbridge Rd, Perrysburg, OH 43443Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/23/204184.1 84.1 98.8 0.03 %
Long Island Comedy LLC dba Governors and New York Comedy, LLC(#,^)90 A Division Ave, Levittown, NY 11756Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/23/2041173.5 173.5 204.0 0.06 %
Bagelicious, LLC(#,^)945 S Main St, Cheshire, CT 6410Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/17/202634.9 34.9 36.1 0.01 %
Blue Eagle Transport Inc, Greeneagle Transport Inc and Golden Eagle Tr(#,^)377 Boston Post Rd, Milford, CT 6460Couriers and MessengersTerm LoanPrime plus 2.75%6/16/2026352.9 352.9 364.1 0.11 %
NKJ Lusby Donuts LLC(#,^)174 Village Center Drive, Lusby, MD 20657Food and Beverage Stores Term LoanPrime plus 2.75%6/16/202614.4 14.4 14.9 — %
Jai-Alexia Consulting, Inc.(#,^)14660 Paddock Drive, Wellington, FL 33414Couriers and MessengersTerm LoanPrime plus 2.75%6/15/20267.6 7.6 7.8 — %
Pumpkin Patch Child Care of Southington, LLC and Giuseppe Pugliares(#,^)1137 West St, Southington, CT 6489Social AssistanceTerm LoanPrime plus 2%6/15/2041470.9 470.9 521.8 0.15 %
Luv 2 Play AZ LLC(#,^)15495 Bell Rd, Surprise, AZ 85374Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/10/202641.9 41.9 43.9 0.01 %
Refoleen Inc dba Spice and Tea Exchange(#,^)849 East Commerce St, Ste 121, San Antonio, TX 78205Food and Beverage Stores Term LoanPrime plus 2.75%6/10/202655.4 55.4 57.1 0.02 %
Larry H. Patterson and Rainbow Movers, Inc(#,^)2325 Hollers Ave, Bronx, NY 10475Truck TransportationTerm LoanPrime plus 2.75%6/6/202614.4 14.4 14.9 — %
Solvit Inc and Solvit North Inc(#,^)65 Farmington Valley Drive, Plainville, CT 6062Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/3/2026158.5 158.5 164.6 0.05 %
AP5 LLC dba Krauser's Food Store(#,^)5 Pond Point Rd, Milford, CT 6460Food and Beverage Stores Term LoanPrime plus 2.75%6/2/2041178.5 178.5 210.6 0.06 %
ATI Jet Inc(#,^)7007 Boeing Drive, El Paso, TX 79925Air TransportationTerm LoanPrime plus 2.75%5/31/2026370.7 370.7 384.6 0.11 %
Angelo Faia dba AVF Construction(#,^)55 Arbour Lane, Sewell, NJ 8080Construction of BuildingsTerm LoanPrime plus 2.75%5/27/204191.5 91.5 107.6 0.03 %
234
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Premier Athletic Center of Ohio, Inc(#,^)8957 Kingsridge Drive, Centerville, OH 45459Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%5/27/202655.3 55.3 58.0 0.02 %
Jack Frost Firewood Inc. and David Dubinsky(#,^)3168 Holland Rd, Virginia Beach, VA 23453Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/26/2041189.7 189.7 222.8 0.07 %
Southwest Division Inc(#,^)2103 NE 3rd Terrace, Cape Coral, FL 33909Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%5/26/20265.2 5.2 5.4 — %
International Kitchen Supply LLC(#,^)3466 North Hwy 11, West Union, SC 29696Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%5/25/2026119.9 119.9 124.6 0.04 %
Groth Lumber Co. Inc. dba True Value(#,^)6747 Pacific Ave, Wright, MN 55798Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/25/202614.2 14.2 14.9 — %
Island Life Graphics Inc dba FASTSIGNS #576(#,^)1925 S 14th St No. 7, Amelia Island, FL 32034Miscellaneous ManufacturingTerm LoanPrime plus 2.75%5/24/202614.2 14.2 14.7 — %
Powerspec Inc(#,^)1 Linsley Place, Metuchen, NJ 8840Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/24/202655.0 55.0 56.8 0.02 %
Horseshoe Barbecue, LLC(#,^)6555, 6565, 6575 N. Sandario Rd, Tucson, AZ 85743Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/23/20296.8 6.8 7.3 — %
Pro Auto Repair LLC(#,^)204 F St SW, Quincy, WA 98848Repair and MaintenanceTerm LoanPrime plus 2.75%5/20/20264.6 4.6 4.9 — %
National Air Cargo Holdings Inc(#,^)5955 TG Lee Blvd., Ste 500, Orlando, FL 32822Air TransportationTerm LoanPrime plus 2.75%5/20/202671.5 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 33486Social AssistanceTerm LoanPrime plus 2.75%5/20/20268.1 8.1 8.3 — %
Dedicated Incorporated(#,^)2916 North 39th St, Phoenix, AZ 85019Administrative and Support ServicesTerm LoanPrime plus 2.75%5/18/204142.8 42.8 50.3 0.01 %
J&A Laundromat Inc.(#,^)225 East Park Ave, Long Beach, NY 11561Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/18/202642.7 42.7 44.2 0.01 %
HBA LLC dba Palmetto Twist-Vista(#,^)1225-1229 Lincoln St, Columbia, SC 29201Repair and MaintenanceTerm LoanPrime plus 2.75%5/18/202612.3 12.3 12.7 — %
FJN Catering Inc(#,^)106 Main St, Mineola, NY 11951Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/13/2041243.1 243.1 286.7 0.08 %
Pumpkin Patch Inc and Christine Feliciano and Antonio Feliciano(#,^)11 Kirby Rd, Cromwell, CT 6419Social AssistanceTerm LoanPrime plus 2.75%5/12/2041121.9 121.9 143.2 0.04 %
Sabir Inc. dba Bear Diner(#,^)603 Pulaski Hwy, Bear, DE 19701Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/11/2041113.8 113.8 134.1 0.04 %
Keller, Fishback & Jackson LLP(#,^)28720 Canwood St, Agoura Hills, CA 91301Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/29/202680.8 80.8 84.8 0.02 %
Loriet LLC(#,^)5001 Vivienda Way, Sarasota, FL 34235Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%4/29/20264.7 4.7 4.8 — %
Hard Exercise Works Winter Park LLC(#,^)11551 University Blvd, Ste. 4C Building 1, Orlando, FL 32817Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%4/29/202625.4 25.4 26.2 0.01 %
Marc S. Rosenberg P.C. dba Mammuth and Rosenberg(#,^)401 East City Ave Ste 122, Bala Cynwyd, PA 19004Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%4/29/202614.0 14.0 14.5 — %
235
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Warner Home Comfort, LLC dba Smith Piping(#,^)1571 Canton Rd., NW, Carrollton, OH 44615Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/29/204175.7 75.7 89.0 0.03 %
Alpha Omega Trucking LLC(#,^)14432-52 State Line Rd, Brookings, OR 97415Truck TransportationTerm LoanPrime plus 2.75%4/29/2041161.2 161.2 190.2 0.06 %
May-Craft Fiberglass Products Inc(#,^)96 Hillsboro Rd, Four Oaks, NC 27524Transportation Equipment ManufacturingTerm LoanPrime plus 2.75%4/29/2041227.2 227.2 267.9 0.08 %
Empowerschool LLC and Empower Autism Academy, LLC(#,^)1250 South A. W. Grimes Rd, Round Rock, TX 78665Social AssistanceTerm LoanPrime plus 2.75%4/29/2041139.4 139.4 164.4 0.05 %
Pecos Inn LLC dba Econo Lodge(#,^)2207 W Third St, Pecos, TX 79772AccommodationTerm LoanPrime plus 2.75%4/28/2041621.9 621.9 732.8 0.22 %
Costume World Inc(#,^)950 South Federal Hwy, Deerfield Beach, FL 33441Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%4/28/20411,153.3 1,153.3 1,360.3 0.40 %
Accent Comfort Services, LLC(#,^)5035-C West W. T. Harris Blvd, Charlotte, NC 28269Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/26/202656.2 56.2 58.0 0.02 %
Automotive Core Recycling, LLC and 828 Old Colony Road, LLC(#,^)27-29 Cooper St, Meriden, CT 6053Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%4/22/2041229.5 229.5 268.6 0.08 %
AAA Mill Direct, Inc. dba Carpet Mill Outlets(#,^)1 North Armistead Ave, Hampton, VA 23669Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%4/21/20264.9 4.9 5.2 — %
Sushiya Inc(#,^)72 South Main St, Hanover, NH 3755Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/12/202654.7 54.7 56.7 0.02 %
Waterfalls Quick Lube LLC and Veracruz Shabo LLC(#,^)1325 BRd St, Central Falls, RI 2863Repair and MaintenanceTerm LoanPrime plus 2.75%4/6/2041249.9 249.9 294.3 0.09 %
KNS Early Learning Academy LLC(#,^)57 Merritt St SE, Marietta, GA 30060Social AssistanceTerm LoanPrime plus 2.75%4/6/204146.9 46.9 55.0 0.02 %
Christian Soderquist dba Soderquist Plumbing and Heating LLC(#,^)7 Oak Drive, Sandy Hook, CT 6482Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/31/204152.0 52.0 61.3 0.02 %
Vehicle Safety Supply LLC(#,^)15 East 72nd St, Ste 14-H, New York, NY 10021Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/31/202613.9 13.9 14.3 — %
Dana A. Farley dba Independent Cabinets(#,^)5805 NE Minder Rd, Poulsbo, WA 98370Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%3/31/204159.5 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 92373Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/31/202646.2 46.2 47.6 0.01 %
Men of Steel Enterprises LLC and Vogelbacher Properties LLC(#,^)2039 US Route 130, Burlington, NJ 8016Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/31/2041360.4 360.4 421.4 0.12 %
MTS Car Service LLC(#,^)9 Gibson Court Apt# 1, Norwalk, CT 6854Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%3/30/20266.5 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 33410Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%3/30/202657.8 57.8 59.7 0.02 %
Tom Sawyer Country Restaurant LLC and AM 3208 LLC(#,^)3208 Forest Hills Blvd, Palm Springs, FL 33406Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/30/2041236.1 236.1 278.4 0.08 %
Wyldewood Cellars, Inc.(#,^)951 East 119th St, Mulvane, KS 67120Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%3/30/2041960.1 960.1 1,124.2 0.33 %
236
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
NOSO Development, LLC(#,^)4 Walker Way, Albany, NY 12205Construction of BuildingsTerm LoanPrime plus 2.75%3/30/2026120.2 120.2 123.8 0.04 %
Gordon Rogers and Heidi Rogers dba Stone House Motor Inn(#,^)162 Danielson Pike, Foster, RI 2825AccommodationTerm LoanPrime plus 2.75%3/30/202614.0 14.0 14.7 — %
Barrocas Gym LLC dba Snap Fitness(#,^)260 West Main St, Avon, CT 6001Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/29/202611.6 11.6 12.1 — %
Marathon Engineering Corporation(#,^)5615 2nd St W, Lehigh Acres, FL 33971Miscellaneous ManufacturingTerm LoanPrime plus 2.75%3/28/204141.2 41.2 48.5 0.01 %
PHCDC1 LLC dba Quarter + Glory and Public House Collective, Corp.(#,^)2017 14th St NW, Washington, DC 20009Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/28/202631.6 31.6 32.8 0.01 %
Revolution Physical Therapy LLC dba Apex Network Physical Therapy(#,^)2705 Dougherty Ferry Rd Ste 104, St. Louis, MO 63122Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/25/202614.0 14.0 14.5 — %
International Construction Inc(#,^)53955 Gratiot Ave, Chesterfield, MI 48051Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%3/24/204143.5 43.5 51.0 0.02 %
ActKnowledge, Inc(#,^)365 5th Ave, New York, NY 10016Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/24/202677.0 77.0 80.6 0.02 %
Precious Care LLC and Precious Care Management LLC(#,^)186-06 Union Turnpike, Fresh Meadows, NY 11364Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/21/2026342.2 342.2 352.6 0.10 %
Taylors Zinn Enterprises Inc dba Eons Auto Care Inc(#,^)330 West Harden St, Graham, NC 27253Repair and MaintenanceTerm LoanPrime plus 2.75%3/18/204174.0 74.0 87.1 0.03 %
Kekoa Enterprises Inc dba Signarama Sandy(#,^)8942 South 700 East, Sandy, UT 84070Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/18/202630.5 30.5 31.4 0.01 %
Brian T Rice dba BD Logging(#,^)800 3rd St Apt B, St Marys, WV 26170Forestry and LoggingTerm LoanPrime plus 2.75%3/17/20261.1 1.1 1.2 — %
R & D Enterprises Inc dba My Pool Man(#,^)291 North Texas Ave., Orlando, FL 32805Administrative and Support ServicesTerm LoanPrime plus 2.75%3/15/202630.8 30.8 31.7 0.01 %
HEWZ, LLC dba Hard Exercise Works(#,^)5684 West Sample Rd, Coral Springs, FL 33071Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/14/202613.8 13.8 14.2 — %
Mustafa Inc and Raouf Properties LLC(#,^)3538 Pin Oak Dr, San Antonio, TX 78229Food and Beverage Stores Term LoanPrime plus 2.75%3/14/204168.5 68.5 80.6 0.02 %
Dupre Capital LLC dba Fastsigns(#,^)215 Quartermaster Court, Jeffersonville, IN 47130Miscellaneous ManufacturingTerm LoanPrime plus 2.75%3/11/202636.0 36.0 37.0 0.01 %
ABCs & 123s Infant and Child Care Center LP(#,^)13419 Hwy 290E., Bldg 5, Manor, TX 78653Social AssistanceTerm LoanPrime plus 2.75%3/11/20266.9 6.9 7.1 — %
Step Up Academy of the Arts LLC(#,^)2558 Wigwam Pkwy Ste A, Henderson, NV 89074Educational ServicesTerm LoanPrime plus 2.75%3/9/20264.9 4.9 5.1 — %
Faith Summit Supply Inc dba Summit Supply and Summit True Value(#,^)8584 US Business Hwy 277, Haskell, TX 79521Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%3/9/202613.9 13.9 14.4 — %
Swerve Salon LLC(#,^)1419 N Wells St, Chicago, IL 60610Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/8/202648.7 48.7 50.1 0.01 %
J & W Hardwood Flooring Inc(#,^)14967 Madison St, Brighton, CO 80602Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/7/20264.6 4.6 4.8 — %
Labmates LLC and POV Holdings LLC(#,^)141 Watertown Rd, Thomaston, CT 6787Miscellaneous Store RetailersTerm LoanPrime plus 2.75%3/4/2041100.1 100.1 117.8 0.03 %
237
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hueston and Company CPA LLC(#,^)8792 East State Rd 70, Ste B, Bradenton, FL 34202Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/4/20265.0 5.0 5.2 — %
Almost Home Daycare LLC(#,^)35 Copps Hill Rd, Ridgefield, CT 6877Social AssistanceTerm LoanPrime plus 2.75%3/3/202634.5 34.5 36.1 0.01 %
The River Beas, LLC dba Subway and Punam Singh(#,^)5516 Baltimore Ave, Hyattsville, MD 20781Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/2041124.2 124.2 146.2 0.04 %
Consulting Solutions, Inc. and Mark Luciani(#,^)3000 N Federal Hwy, STE 1, Fort Lauderdale, FL 33306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/28/20267.5 7.5 7.8 — %
Living Essentials HVAC Corp(#,^)42 West St, Apt 24, Randolph, MA 2368Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/28/20269.1 9.1 9.4 — %
Powerpits CS1, LLC dba Pita Pit(#,^)2008 S Texas Ave, College Station, TX 77840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/20261.4 1.4 1.5 — %
Drug Detection Laboratories, Inc. and Minh Tran(#,^)9700 Business Park Drive, Sacramento, CA 95827Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/28/202612.0 12.0 12.4 — %
Aaradhya LLC dba Market Square Laundry(#,^)7727 Crittenden St, Philadelphia, PA 19118Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/23/202647.1 47.1 48.5 0.01 %
Blackstones Hairdressing LLC(#,^)2 Ave of the Americas, New York, NY 10013Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/23/202631.8 31.8 32.8 0.01 %
R & K Contracting Inc(#,^)3605 NW 31st Ave, Fort Lauderdale, FL 33309Specialty Trade ContractorsTerm LoanPrime plus 2.75%2/18/20269.6 9.6 10.1 — %
Jersey Shore Marina & Boat Sales, Inc.(#,^)841 Route 70 East, Brick, NJ 8724Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%2/12/2041572.4 572.4 674.0 0.20 %
Ei3 Corporation(#,^)136 Summit Ave, Montvale, NJ 7645Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/12/2026198.7 198.7 207.9 0.06 %
Gilmore Heights Dental Holdings, LTD and Chas Rob LLC(#,^)2250 Warrensville Center Rd, University Heights, OH 44118Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%2/12/2029227.3 227.3 242.4 0.07 %
B for Blonde, LLC dba Blo Blow Dry Bar(#,^)142 East 49th St, New York, NY 10017Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/12/202639.7 39.7 40.9 0.01 %
Base USA, Inc.(#,^)2215 NW 2nd Ave, Miami, FL 33127Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%2/2/202630.4 30.4 31.8 0.01 %
Zouk Ltd dba Palma(#,^)28 Cornelia St, New York, NY 10014Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/29/202613.5 13.5 14.1 — %
SuzyQue's LLC dba SuzyQue's(#,^)34 South Valley Rd, West Orange, NJ 7052Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/28/202613.4 13.4 14.0 — %
Wildflour Bakery & Cafe LLC(#,^)5137 Clareton Dr., Ste 100, Agoura Hills, CA 91301Social AssistanceTerm LoanPrime plus 2.75%1/28/202637.5 37.5 39.3 0.01 %
Tammy Lavertue(#,^)24 Wakefield St, Rochester, NH 3867Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%1/28/20266.7 6.7 7.0 — %
Gendron Funeral and Cremation Services, Inc.(#,^)135 North Lime Ave, Sarasota, FL 34237Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/11/2041102.8 102.8 121.0 0.04 %
Dolarian Realty LLC and OV's Restaurant Inc(#,^)34 Old Colony Ave, East Taunton, MA 2718Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/5/204161.8 61.8 72.8 0.02 %
Lemonberry Food Stores Inc dba Lemonberry Frozen Yogurt(#,^)1196 Inverness Lane, Stow, OH 44224Food and Beverage Stores Term LoanPrime plus 2.75%12/29/202566.6 66.6 68.7 0.02 %
238
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
MCF Forte LLC(#,^)1245 W Baseline Rd Unit 105, Mesa, AZ 85202Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/29/202511.1 11.1 11.4 — %
Panditos LLC dba White Lotus Home(#,^)431 Raritan Ave, Highland Park, NJ 8904Miscellaneous ManufacturingTerm LoanPrime plus 2.75%12/28/20259.4 9.4 9.7 — %
Ridge Road Equestrian LLC dba Ricochet Ridge Ranch Inc(#,^)24201 North Hwy 1, Fort Bragg, CA 95437Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/23/204093.3 93.3 109.4 0.03 %
800 on the Trax LLC and Matrix Z LLC(#,^)800 SW 21st Terrace, Fort Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 2.75%12/23/2040228.7 228.7 268.0 0.08 %
Premier Athletic Center of Ohio Inc. and Gates Investments and Wade Ga(#,^)8957 Kingsridge Drive, Centerville, OH 45459Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/22/2028635.3 635.3 681.1 0.20 %
Joyce Outdoor Advertising Chicago LLC(#,^)2443 West 16th St, Chicago, IL 60608Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/22/2040274.3 274.3 321.4 0.09 %
Hattingh Incorporated dba Prosthetic Care Facility(#,^)4415 Woodridge Pkwy, Ste 180, Leesburg, VA 20176Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/21/202510.6 10.6 11.0 — %
Trip Consultants U.S.A. Inc.(#,^)311 85th St, Brooklyn, NY 11209Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/18/202598.4 98.4 101.0 0.03 %
Accent Tag and Label Inc(#,^)2201 Rittenhouse St, Des Moines, IA 50321Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%12/18/2040603.3 603.3 707.4 0.21 %
Labmates LLC(#,^)141 Watertown Rd, Thomaston, CT 6787Miscellaneous Store RetailersTerm LoanPrime plus 2.75%12/18/2040147.9 147.9 173.8 0.05 %
Sourceco Limited Liability Company(#,^)17 Palmer Ave, West Long Branch, NJ 7764Merchant Wholesalers, Nondurable Goods Term Loan6.5%12/17/202524.5 24.5 23.7 0.01 %
Moments to Remember USA LLC dba Retain Loyalty(#,^)1250 Sanders Ave SW, Massillon, OH 44646Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%12/16/202551.3 51.3 53.3 0.02 %
New York Home Health Care Equipment, LLC(#,^)30 Hopper St, Westbury, NY 11590Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/16/2025610.4 610.4 637.0 0.19 %
Swalm Street LLC and New York Home Health Care Equipment LLC(#,^)30 Hopper St, Westbury, NY 11590Ambulatory Health Care ServicesTerm Loan7.5%12/16/2040363.0 363.0 340.4 0.10 %
Abitino's JFK LLC dba Abitino's(#,^)Terminal 8 JFK ExpressWay Airport, Jamaica, NY 11430Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/16/202246.3 46.3 46.5 0.01 %
JAG Unit 1, LLC(#,^)1 West Main St, Patchogue, NY 11772Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/16/2025150.1 150.1 154.1 0.05 %
DC Enterprises Ltd. dba Lakeview True Value(#,^)318 North F St, Lakeview, OR 97630Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%12/14/202513.3 13.3 13.9 — %
Basista Family Limited Partnership and UPE, Inc.(#,^)3401 Brecksville Rd, Richfield, OH 44286Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%12/14/2040311.6 311.6 365.3 0.11 %
Cares, Inc dba Dumpling Grounds Day Care Center(#,^)4508 Blakiston St, Philadelphia, PA 19136Social AssistanceTerm LoanPrime plus 2.75%12/10/20254.4 4.4 4.6 — %
Custom Exteriors, Inc.(#,^)2142 Rheem Drive, Ste E, Pleasanton, CA 94588Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/9/202559.2 59.2 61.1 0.02 %
Sushiya, Inc.(#,^)72-74 South Main St, Hanover, NH 3755Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/8/202564.3 64.3 66.5 0.02 %
239
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 29464Repair and MaintenanceTerm LoanPrime plus 2.75%12/4/2040457.4 457.4 536.9 0.16 %
Japp Business Inc dba Pick and Eat and Japp Drink Corp.(#,^)4179 Broadway, New York, NY 10033Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/30/202575.7 75.7 78.3 0.02 %
DWeb Studio, Inc.(#,^)10800 E. Bethany Drive, Ste 275, Aurora, CO 80014Educational ServicesTerm LoanPrime plus 2.75%11/25/20256.6 6.6 6.7 — %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC(#,^)726-740 South Fleming St, Sebastian, FL 32958Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%11/23/2040738.3 738.3 692.8 0.20 %
Ronny Ramirez RX Corp dba Naturxheal Family Pharmacy(#,^)3105 107th Ave, Doral, FL 33178Health and Personal Care StoresTerm LoanPrime plus 2.75%11/20/202552.5 52.5 54.1 0.02 %
S.B.B. Enterprises Inc dba Williamston Hardware(#,^)139 S Putnam St, Williamston, MI 48895Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%11/19/204098.5 98.5 114.9 0.03 %
Key Pix Productions Inc. dba Air Bud Entertainment(#,^)22525 Pacific Coast Hwy, Malibu, CA 90265Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%11/18/2040499.7 499.7 587.4 0.17 %
Green Life Lawnscapes LLC dba Green Life Lawn Care(#,^)1820 NE Jensen Beach Blvd, Jensen Beach, FL 34957Administrative and Support ServicesTerm LoanPrime plus 2.75%11/6/202580.1 80.1 83.6 0.02 %
JumboMarkets Inc dba Rines Jumbomarkets(#,^)15500 SW Trail Drive, Indiantown, FL 34956Food and Beverage Stores Term LoanPrime plus 2.75%11/4/2025178.6 178.6 186.4 0.05 %
Financial Network Recovery Inc(#,^)250 E Easy St Ste 1, Simi Valley, CA 93065Administrative and Support ServicesTerm LoanPrime plus 2.75%10/26/202523.0 23.0 23.6 0.01 %
ADMO Inc dba Mid States Equipment(#,^)16180 Westwoods Business Park, Ellisville, MO 63021Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%10/8/202512.9 12.9 13.3 — %
SCJEN Management Inc dba Bowl of Heaven(#,^)43958 Pacific Common Blvd, Fremont, CA 94538Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/202540.8 40.8 41.9 0.01 %
Accent Homes Services LLC dba Benjamin Franklin Plumbing of Kansas Cit(#,^)7748 Troost Ave, Kansas City, MO 64131Specialty Trade ContractorsTerm LoanPrime plus 2.75%9/30/202846.7 46.7 50.1 0.01 %
Binky's Vapes LLC(#,^)10539 Greenbelt Rd Ste 102, Lanham, MD 20706Miscellaneous Store RetailersTerm LoanPrime plus 2.75%9/30/202512.7 12.7 13.1 — %
Barub Realty LLC and Barub LLC dba Woodlawn Cabinets(#,^)1838 Adee Ave, Baychester, NY 10469Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%9/30/2040129.1 129.1 151.8 0.04 %
R.H. Hummer Jr., Inc.(#,^)2141 P Ave, Williamsburg, IA 52361Truck TransportationTerm LoanPrime plus 2.75%9/30/2025230.8 230.8 240.9 0.07 %
RIM Investments LLC and RIM Architects LLC(#,^)645 G St Ste 400, Anchorage, AK 99501Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/28/2040360.7 360.7 422.4 0.12 %
Greensward of Marco Inc.(#,^)54 Marco Lake Drive, Marco Island, FL 34146Administrative and Support ServicesTerm LoanPrime plus 2.75%9/28/204079.6 79.6 93.3 0.03 %
Sandlot Ventures LLC and Sandbox Ventures LLC(#,^)1857A Elmdale Ave, Glenview, IL 60025Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/25/2040413.0 413.0 482.0 0.14 %
Prestigious LifeCare for Seniors LLC(#,^)5701 North Pine Island Rd, Tamarac, FL 33321Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/25/20255.6 5.6 5.8 — %
240
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 88056AccommodationTerm LoanPrime plus 2.75%9/25/204012.2 12.2 14.3 — %
St Lawrence Hotel Corp and Oheka Catering Inc dba Quality Inn(#,^)10 West Orvis St, Massena, NY 13662AccommodationTerm LoanPrime plus 2.75%9/24/2040565.1 565.1 661.5 0.19 %
Finish Strong Inc dba FASTSIGNS St Peters(#,^)98 North Hillview Drive, St Peters, MO 63376Miscellaneous ManufacturingTerm LoanPrime plus 2.75%9/23/202528.3 28.3 29.0 0.01 %
Sound Manufacturing Inc(#,^)51 Donnelley Rd, Old Saybrook, CT 6475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/21/202528.1 28.1 29.0 0.01 %
IIoka Inc dba New Cloud Networks(#,^)160 Inverness Drive W Ste 150, Englewood, CO 80112Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/21/2025378.5 378.5 387.8 0.11 %
Vanderhoof LLC dba Soxfords(#,^)11 Sellecks Walk, Pound Ridge, NY 10576Apparel ManufacturingTerm LoanPrime plus 2.75%9/18/20258.6 8.6 8.8 — %
MiJoy Inc dba Imo's Pizza(#,^)215 South Kirkwood Rd, Kirkwood, MO 63122Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/18/20254.7 4.7 4.8 — %
Naeem Khan LTD(#,^)260 West 36h St, New York, NY 10018Apparel ManufacturingTerm LoanPrime plus 2.75%9/17/202570.8 70.8 72.6 0.02 %
FirstVitals Health and Wellness Inc(#,^)1288 Ala Moana Blvd Ste 27E, Honolulu, HI 96814Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/15/202587.6 87.6 89.7 0.03 %
Almost Home Daycare LLC(#,^)35 Copps Hill Rd, Ridgefield, CT 6877Social AssistanceTerm LoanPrime plus 2.75%9/11/20256.4 6.4 6.7 — %
Gardner's Wharf Holdings LLC and Gardner's Wharf Seafood Inc(#,^)170 Main St, North Kingstown, RI 2852Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%9/8/2040126.7 126.7 148.7 0.04 %
Empower Autism Academy(#,^)1250 South A. W. Grimes Rd, Round Rock, TX 78665Social AssistanceTerm LoanPrime plus 2.75%9/4/2040619.3 619.3 726.8 0.21 %
Elite Institute LLC dba Huntington Learning Center(#,^)13526 Village Park Drive Ste 214, Orlando, FL 32837Educational ServicesTerm LoanPrime plus 2.75%8/28/20258.5 8.5 8.7 — %
3000 CSI Property LLC and Consulting Solutions Inc(#,^)3000 N Federal Hwy, Ste 1, Fort Lauderdale, FL 33306Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/20/2040127.8 127.8 149.9 0.04 %
God Be Glorified Inc dba GBG Inc(#,^)40 West. 162nd St, South Holland, IL 60473Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%8/20/202529.6 29.6 30.3 0.01 %
GDP Gourmet LLC dba Joe and John's Pizza Restaurant(#,^)136 New Jersey Ave, Absecon, NJ 8201Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/19/2040130.9 130.9 153.1 0.05 %
Gold Jet Corp.(#,^)2472 Broadway, New York, NY 10025Couriers and MessengersTerm LoanPrime plus 2.75%8/14/202539.9 39.9 41.3 0.01 %
SKJ Inc dba Subway(#,^)401 S Woodlawn Ave, Bloomington, IN 47401Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/13/202548.4 48.4 49.7 0.01 %
LP Industries Inc dba Childforms(#,^)110 Charleston Drive, Mooresville, NC 28117Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%7/29/202572.3 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 33401Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%7/24/202536.4 36.4 37.5 0.01 %
Free Ion Advisors LLC(#,^)322 Evandale Rd, Scarsdale, NY 10583Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%7/21/202535.3 35.3 36.2 0.01 %
Murrayville Donuts, Inc dba Dunkin' Donuts(#,^)2304 N College Rd, Wilmington, NC 28405Food and Beverage Stores Term LoanPrime plus 2.75%7/15/2040330.7 330.7 385.9 0.11 %
241
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Union 2 LLC dba The Standard(#,^)1520 Broadway, Fort Myers, FL 33901Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/10/202561.1 61.1 63.4 0.02 %
Jonathan E Nichols and Nichols Fire and Security LLC(#,^)1906 Vanderhorn Drive, Memphis, TN 38134Administrative and Support ServicesTerm LoanPrime plus 2.75%6/30/202540.6 40.6 42.2 0.01 %
Thrifty Market, Inc. dba Thrifty Foods(#,^)702 10th St, Wheatland, WY 82201Food and Beverage Stores Term LoanPrime plus 2.75%6/30/2030210.1 210.1 228.6 0.07 %
Summit Beverage Group LLC(#,^)211 Washington Ave, Marion, VA 24354Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%8/29/2030219.4 219.4 238.9 0.07 %
SofRep, Inc dba Force 12 Media(#,^)930 Tahoe Blvd Ste 802-543, Incline Village, NV 89451Other Information ServicesTerm LoanPrime plus 2.75%6/26/202535.7 35.7 37.0 0.01 %
TJU-DGT Inc dba The Lorenz Cafe(#,^)714-718 Lorenz Ave, Pittsburgh, PA 15220Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/26/202914.8 14.8 16.0 — %
Jihan Inc dba ARCO AM/PM and Diana Inc dba Diana's Recycling(#,^)13886 Campo Rd, Jamul, CA 91935Gasoline Stations Term LoanPrime plus 2.75%6/26/2040341.3 341.3 401.7 0.12 %
CEM Autobody LLC dba Dawn's Autobody(#,^)7 Division St, Keyport, NJ 7735Repair and MaintenanceTerm LoanPrime plus 2.75%6/26/2040121.7 121.7 143.2 0.04 %
E & G Enterprises LLC dba Comfort Keepers(#,^)220 Middle St, Franklin, VA 23851Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/26/202512.1 12.1 12.6 — %
Ohs Auto Body, Inc. dba Ohs Body Shop(#,^)3560 Hwy 93 South, Kalispell, MT 59901Repair and MaintenanceTerm Loan7.22%6/25/20401,097.8 1,097.8 1,029.7 0.30 %
Wolf Enviro Interests, LLC and Enviromax Services Inc(#,^)18002 Mueschke Rd, Cypress, TX 77433Administrative and Support ServicesTerm LoanPrime plus 2.75%6/25/2040221.6 221.6 260.3 0.08 %
Evinger PA One, Inc. dba Postal Annex, Falcon(#,^)7661 McLaughlin Rd, Falcon, CO 80831Miscellaneous Store RetailersTerm LoanPrime plus 2.75%6/24/202512.2 12.2 12.6 — %
RJI Services, Inc.(#,^)353 E Angeleno Ste G, Burbank, CA 91502Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/23/202512.0 12.0 12.4 — %
Real Help LLC dba Real Help Decorative Concrete(#,^)2221 Broadway St, Buffalo, NY 14212Administrative and Support ServicesTerm LoanPrime plus 2.75%6/22/202528.7 28.7 29.9 0.01 %
PM Cassidy Enterprises, Inc. dba Junk King(#,^)960 Matley Lane, Ste 20 & 21, Bldg B, Reno, NV 89502Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%6/19/20256.8 6.8 7.1 — %
KRN Logistics, LLC and Newsome Trucking, Inc(#)2262 Hwy 53 W, Jasper, GA 30143Truck TransportationTerm LoanPrime plus 2.75%6/19/2025279.4 279.4 290.6 0.09 %
Inverted Healthcare Staffing of Florida LLC dba Interim Healthcare Tra(#,^)111 N Pompano Beach Blvd., Pompano Beach, FL 33062Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/18/202525.2 25.2 26.1 0.01 %
AM PM Properties, LLC and AM PM Willington, LLC(#,^)1308 Stafford Rd, Storrs Mansfield, CT 6268Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/17/204078.0 78.0 91.8 0.03 %
Mirage Plastering Inc and Mpire LLC and Mpire II LLC(#,^)1802 W Grant Rd Ste 114, Tucson, AZ 85745Specialty Trade ContractorsTerm LoanPrime plus 2.75%6/12/2040124.6 124.6 146.2 0.04 %
Eldredge Tavern LLC dba Gonyea's Tavern(#,^)150 Main St, Pascoag, RI 2859Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/8/204050.8 50.8 59.8 0.02 %
ViAr Visual Communications, Inc. dba Fastsigns 281701(#,^)4721 University Way NE, Seattle, WA 98105Miscellaneous ManufacturingTerm LoanPrime plus 2.75%6/5/202533.5 33.5 34.8 0.01 %
Video Vault & Tanning LLC and Mosaic Salon LLC(#)W7003 Parkview Dr, Ste A & B, Greenville, WI 54942Rental and Leasing ServicesTerm LoanPrime plus 2.75%6/4/204060.5 60.5 71.3 0.02 %
242
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Medworxs LLC(#,^)10901 W. Toller Drive, Littleton, CO 80127Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/3/202567.6 67.6 70.1 0.02 %
XCESSIVE THROTTLE, INC dba Jake's Roadhouse(#,^)5980 Lamar St, Arvada, CO 80003Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/29/20254.4 4.4 4.5 — %
Villela CPA PL(#,^)777 Brickell Ave, Ste 500, Miami, FL 33131Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%5/27/20254.8 4.8 5.0 — %
Douglas Posey and Sally Watkinson dba Audrey's Farmhouse(#,^)2188 Brunswyck Rd, Wallkill, NY 12589AccommodationTerm LoanPrime plus 2.75%5/20/2040156.1 156.1 183.8 0.05 %
15 McArdle LLC and No Other Impressions Inc(#,^)15 McArdle St, Rochester, NY 14611Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%5/15/2040165.1 165.1 194.3 0.06 %
Guard Dogs MFS LLC(#,^)9460 Mistwater Close, Roswell, GA 30076Repair and MaintenanceTerm LoanPrime plus 2.75%5/8/202533.1 33.1 34.3 0.01 %
South Park Properties LLC and Midlothian Hardware LLC(#,^)4751 147th St, Midlothian, IL 60445Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%5/6/204042.8 42.8 50.4 0.01 %
Matthew Taylor and Landon Farm LLC(#,^)6103 N Church St, Greensboro, NC 27455Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/4/204090.1 90.1 105.7 0.03 %
Cares Inc dba Dumpling Grounds Day Care Center(#,^)4508 Blakiston St, Philadelphia, PA 19136Social AssistanceTerm LoanPrime plus 2.75%5/1/204072.6 72.6 85.5 0.03 %
Diamond Solutions LLC(#,^)7655 E Gelding Drive, Ste B2, Scottsdale, AZ 85260Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%4/21/202510.1 10.1 10.5 — %
Giacchino Maritime Consultants Inc(#,^)5219 Tamiami Court, Cape Coral, FL 33904Personal and Laundry ServicesTerm LoanPrime plus 2.75%4/17/202511.8 11.8 12.2 — %
Sound Coaching Inc(#,^)4749 Main St Ste 3, Bridgeport, CT 6606Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%4/14/202523.3 23.3 24.1 0.01 %
Faramarz Nikourazm dba Car Clinic Center(#,^)10707 Shady Trail, Dallas, TX 75220Repair and MaintenanceTerm LoanPrime plus 2.75%4/3/204065.7 65.7 77.3 0.02 %
Copper Beech Financial Group LLC(#,^)1223 North Church St, Moorestown, NJ 8057Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%3/30/202564.3 64.3 66.8 0.02 %
Sunset Marine Resort LLC and GoXpeditions LLC and Lavon Gomes and Trac(#,^)40 Buzzard Ridge Rd, Sequim, WA 98382AccommodationTerm LoanPrime plus 2.75%3/27/2040269.2 269.2 316.6 0.09 %
Foresite Realty Partners LLC and Foresite Real Estate Holdings LLC(#,^)5600 N. River Rd #925, Rosemont, IL 60018Real EstateTerm LoanPrime plus 2.75%3/27/2025637.4 637.4 658.8 0.19 %
Shellhorn and Hill Inc dba Total Fleet Service(#,^)501 South Market St, Wilmington, DE 19801Nonstore Retailers Term LoanPrime plus 2.75%3/27/2040924.3 924.3 1,084.1 0.32 %
Shorr Enterprises Inc dba New Design Furniture Manufacturers(#,^)3033 NW 28 St, Lauderdale Lakes, FL 33311Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%3/27/202554.9 54.9 57.0 0.02 %
Joyce Outdoor Advertising NJ LLC and Joyce Outdoor Advertising LLC(#,^)800 James Ave, Scranton, PA 18510Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/26/204048.2 48.2 56.7 0.02 %
Zero-In Media Inc(#,^)1123 Broadway Ste 704, New York, NY 10010Data Processing, Hosting, and Related ServicesTerm LoanPrime plus 2.75%3/25/202511.6 11.6 12.0 — %
243
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Loriet LLC(#,^)5001 Vivienda Way, Sarasota, FL 34235Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%3/24/20256.2 6.2 6.4 — %
Shelton Incorporated dba Mrs. Winners(#,^)4509 N. Henry Blvd., Stockbridge, GA 30281Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/20/2040100.4 100.4 118.0 0.03 %
Jaymie Hazard dba Indigo Hair Studio and Day Spa(#,^)2016 Warwick Ave, Warwick, RI 2889Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/20/204038.4 38.4 45.1 0.01 %
R & R Security and Investigations Inc dba Pardners Lake Buchanan(#,^)15615 State Route 29, Buchanan Dam, TX 78609Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/19/204076.1 76.1 89.5 0.03 %
MMS Realty, LLC and Molecular MS Diagnostics LLC(#,^)1224 Greenwich Ave, Warwick, RI 2886Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/18/2040143.4 143.4 168.4 0.05 %
Royal Crest Motors LLC(#,^)769 Amesbury Rd, Haverhill, MA 1830Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%3/16/204081.4 81.4 95.6 0.03 %
Luigi's on Main LLC and Luigi's Main Street Pizza Inc(#,^)491 Montauk Hwy, Eastport, NY 11941Food Services and Drinking PlacesTerm LoanPrime plus 2.75%3/4/20255.8 5.8 6.0 — %
Baystate Firearms and Training, LLC(#)215 Newbury St, Peabody, MA 1960Educational ServicesTerm LoanPrime plus 2.75%2/27/202530.3 30.3 31.4 0.01 %
Pace Motor Lines, Inc.(#,^)1425 Honeyspot Rd Extension, Stratford, CT 6615Truck TransportationTerm LoanPrime plus 2.75%2/26/202533.1 33.1 34.4 0.01 %
Kingseal LLC dba Desoto Health and Rehab Center(#,^)475 Nursing Home Drive, Arcadia, FL 34266Nursing and Residential Care FacilitiesTerm LoanPrime plus 2.75%2/26/20401,137.8 1,137.8 1,338.1 0.39 %
Nelson Financial Services LLC(#,^)20015 N 83rd Place, Scottsdale, AZ 85255Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%2/24/20256.3 6.3 6.5 — %
Kiddie Steps 4 You Inc.(#,^)1700 West 63rd St., Chicago, IL 60636Social AssistanceTerm LoanPrime plus 2.75%2/19/204055.1 55.1 64.7 0.02 %
Triangle Trash LLC dba Bin There Dump That(#,^)188 Northbend Drive, Youngsville, NC 27596Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%2/18/202537.6 37.6 39.0 0.01 %
Dean 1021 LLC dba Pure Pita(#,^)106 Central Ave, Westfield, NJ 7090Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/29/202544.4 44.4 46.0 0.01 %
Limameno LLC dba Sal's Italian Ristorante(#,^)861 Yamato Rd, Bay #2, Boca Raton, FL 33431Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/23/202541.4 41.4 42.8 0.01 %
Palmabak Inc dba Mami Nora's(#,^)4614 Capital Blvd, Raleigh, NC 27604Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/22/20252.1 2.1 2.2 — %
Jung Design Inc(#,^)10857 Pine Bluff Drive, Fishers, IN 46037Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%1/20/20221.6 1.6 1.6 — %
Grand Blanc Lanes, Inc. and H, H and H, LLC(#,^)5301 S Saginaw Rd, Flint, MI 48507Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/31/2039117.8 117.8 138.5 0.04 %
First Prevention and Dialysis Center, LLC(#)17940 NW 27th Ave, Miami Gardens, FL 33056Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/30/2024133.9 133.9 138.7 0.04 %
Bowlerama Inc(#,^)3031 New Castle Ave, New Castle, DE 19720Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%12/24/20391,072.3 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 33870Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/23/2039473.3 473.3 554.2 0.16 %
Thermoplastic Services Inc and Paragon Plastic Sheet, Inc(#,^)1700 W 4th St, Dequincy, LA 70633Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%12/23/2039443.1 443.1 520.1 0.15 %
244
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 33401Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%12/22/202491.6 91.6 94.7 0.03 %
MM and M Management Inc dba Pizza Artista(#,^)5409 Johnston St, Lafayette, LA 70503Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/19/202524.1 24.1 24.9 0.01 %
B.S. Ventures LLC dba Dink's Market(#,^)48649 Hwy 58, Oakridge, OR 97463Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/19/203947.6 47.6 55.9 0.02 %
The Jewelers Inc. dba The Jewelers of Las Vegas(#,^)2400 Western Ave, Las Vegas, NV 89102Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%12/19/2024605.3 605.3 624.5 0.18 %
Will Zac Management LLC dba Papa John's(#)2410 West Jefferson St, Ste B, Joliet, IL 60435Food Services and Drinking PlacesTerm Loan6.25%12/19/202463.3 63.3 62.1 0.02 %
B & W Towing, LLC and Boychucks Fuel LLC(#,^)701 Addison Rd, Painted Post, NY 14870Repair and MaintenanceTerm LoanPrime plus 2.75%12/17/2039140.8 140.8 165.0 0.05 %
Kemmer LLC and Apples Tree Top Liquors LLC(#)1300 S Jackson St, Salem, IN 47167Food and Beverage Stores Term LoanPrime plus 2.75%12/4/2039122.2 122.2 143.2 0.04 %
Teamnewman Enterprises LLC dba Newmans at 988 and John H. Newman(#,^)988 Hemlock St, Cannon Beach, OR 97110Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/25/2039105.0 105.0 123.2 0.04 %
Legacy Estate Planning Inc dba American Casket Enterprises(#,^)2176 Route 119 North, Greensburg, PA 15601Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/21/202420.1 20.1 20.8 0.01 %
DC Real LLC and DC Enterprises LTD dba Lakeview True Value(#,^)318 North F St, Lakeview, OR 97630Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%11/20/2039106.0 106.0 124.4 0.04 %
Heartland American Properties LLC and Skaggs RV Outlet LLC(#,^)301 Commerce Drive, Elizabethtown, KY 42701Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%10/31/2039422.3 422.3 495.4 0.15 %
DNT Storage and Properties LLC(#,^)38 Old National Pike, West Alexander, PA 15376Real EstateTerm LoanPrime plus 2.75%10/10/203989.7 89.7 105.3 0.03 %
Sound Manufacturing Inc(#,^)51 Donnelley Rd, Old Saybrook, CT 6475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%10/10/202486.9 86.9 89.9 0.03 %
Doctors Express Management of Central Texas LLC(#,^)3614 SW HK Dodgen Loop, Ste F, Temple, TX 76504Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/8/20243.0 3.0 3.2 — %
Smith Spinal Care Center P.C. and James C. Smith(#,^)1103 Russell Parkway, Warner Robins, GA 31088Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%10/8/203925.4 25.4 29.8 0.01 %
Michael Rey Jr. and Lynn J. Williams and GIG Petcare dba Hickory(#,^)900 Alpine Rd, Bridgeville, PA 15017Personal and Laundry ServicesTerm LoanPrime plus 2.75%10/3/2039108.5 108.5 127.4 0.04 %
Sumad LLC dba BrightStar Care of Encinitas(#,^)680 Fletcher Pkwy, Ste 206, El Cajon, CA 92020Administrative and Support ServicesTerm LoanPrime plus 2.75%10/2/202425.0 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 2568Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/30/2039225.0 225.0 263.7 0.08 %
Gordon E Rogers dba Stonehouse Motor Inn(#,^)162 Danielson Pike, Foster, RI 2825AccommodationTerm LoanPrime plus 2.75%9/26/203950.6 50.6 59.3 0.02 %
Andrene's LLC dba Andrene's Caribbean Soul Food Carry Out(#,^)308 Kennedy St NW, Washington, DC 20011Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/23/202412.0 12.0 12.4 — %
245
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 37743Repair and MaintenanceTerm LoanPrime plus 2.75%9/17/2039128.1 128.1 150.1 0.04 %
Modern Leather Goods Repair Shop Inc(#,^)2 West 32nd St, Ste 401, New York, NY 10001Repair and MaintenanceTerm LoanPrime plus 2.75%9/17/202426.1 26.1 26.9 0.01 %
Animal Intrusion Prevention Systems Holding Company, LLC(#,^)3330 N Beach St, Fort Worth, TX 76111Administrative and Support ServicesTerm LoanPrime plus 2.75%9/15/2024140.9 140.9 145.4 0.04 %
Tavern Properties LLC and Wildwood Tavern LLC(#,^)6480 West Touhy Ave, Niles, IL 60714Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/15/2039376.9 376.9 441.4 0.13 %
Indy East Smiles Youth Dentistry LLC dba Prime Smile East(#,^)5430 E. Washington St, Indianapolis, IN 46219Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/11/2024290.8 290.8 299.3 0.09 %
B&P Diners LLC dba Engine House Restaurant(#,^)71 Lafayette St,, Salem, MA 1970Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/10/202436.9 36.9 38.0 0.01 %
Lamjam LLC Goldsmith Lambros Inc(#)7137 Little River Turnpike, Annandale, VA 22003Clothing and Clothing Accessories Stores Term LoanPrime plus 2.75%8/27/202457.7 57.7 59.6 0.02 %
Atlas Auto Body Inc dba Atlas Auto Sales(#,^)20 Providence St, West Warwick, RI 2893Repair and MaintenanceTerm LoanPrime plus 2.75%8/22/203945.2 45.2 53.0 0.02 %
Alpha Preparatory Academy LLC(#,^)4462 Mink Livsey Rd, Snellville, GA 30039Social AssistanceTerm LoanPrime plus 2.75%8/15/2039128.0 128.0 150.0 0.04 %
Katie Senior Care LLC dba Home Instead Senior Care(#,^)222E Eufaula St Ste 220, Norman, OK 73069Social AssistanceTerm LoanPrime plus 2.75%8/15/202448.2 48.2 49.6 0.01 %
Hamer Road Auto Salvage, LLC and Scott T. Cook and Nikki J. Cook(#,^)10463 Hamer Rd, Georgetown, OH 45121Motor Vehicle and Parts DealersTerm Loan6%8/8/2039121.6 121.6 114.5 0.03 %
Almost Home Property LLC and Almost Home Daycare LLC(#,^)35 Copps Hill Rd, Ridgefield, CT 6877Social AssistanceTerm LoanPrime plus 2.75%8/7/2039659.5 659.5 772.7 0.23 %
iFood, Inc. dba Steak N Shake(#,^)5900 Duraleigh Rd, Raleigh, NC 27612Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/31/2024174.7 174.7 180.4 0.05 %
575 Columbus Avenue Holding Company, LLC and LA-ZE LLC dba EST EST EST(#,^)575 Columbus Ave, New Haven, CT 6519Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/30/203917.8 17.8 20.9 0.01 %
Honeyspot Investors LLP and Pace Motor Lines Inc(#,^)1425 Honeyspot Rd Extension, Stratford, CT 6615Truck TransportationTerm LoanPrime plus 2.75%7/24/2039131.1 131.1 153.7 0.05 %
Miss Cranston Diner II, LLC and Miss Cranston II Realty LLC(#,^)15 Stonebridge, Cranston, RI 2921Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/17/203985.7 85.7 100.4 0.03 %
AMG Holding, LLC and Stetson Automotive, Inc(#,^)309 Route 9, Waretown, NJ 8758Repair and MaintenanceTerm LoanPrime plus 2.75%6/30/2039179.8 179.8 211.2 0.06 %
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP(#,^)4920 Lincoln Ave Route 53, Lisle, IL 60532Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/30/202443.0 43.0 44.4 0.01 %
iFood, Inc. dba Steak N Shake(#,^)2840 E Millbrook Rd, Raleigh, NC 27604Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/30/2039550.6 550.6 646.4 0.19 %
246
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Honeyspot Investors LLP and Pace Motor Lines Inc(#,^)1425 Honeyspot Rd Extension, Stratford, CT 6615Truck TransportationTerm LoanPrime plus 2.75%6/30/2039764.5 764.5 898.4 0.26 %
Zinger Hardware and General Merchant Inc(#)4001 North Lamar Blvd Ste 300, Austin, TX 78756Building Material and Garden Equipment and Supplies Dealers Term Loan7.25%6/26/202435.7 35.7 35.1 0.01 %
Nikobella Properties LLC and JPO Inc dba Village Car Wash(#)1372 South US Route 12, Fox Lake, IL 60020Repair and MaintenanceTerm LoanPrime plus 2.75%6/25/2039444.1 444.1 520.7 0.15 %
Big Sky Plaza LLC and Strickland, Incorporated dba Livingston True Val(#,^)1313 West Park St #1, Livingston, MT 59047Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 2.75%6/20/2039203.9 203.9 239.1 0.07 %
Sico & Walsh Insurance Agency Inc and The AMS Trust(#)106 Concord Ave, Belmont, MA 2478Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%6/6/203980.9 80.9 94.9 0.03 %
Sujata Inc dba Stop N Save Food Mart and Dhruvesh Patel(#,^)15637 St Clair Ave, Cleveland, OH 44110Food and Beverage Stores Term LoanPrime plus 2.75%6/3/20247.2 7.2 7.4 — %
Long Island Barber Institute Inc(#,^)266 Greenwich St, Hempstead, NY 11550Educational ServicesTerm LoanPrime plus 2.75%6/2/203948.5 48.5 56.8 0.02 %
Pocono Coated Products, LLC(#,^)100 Sweetree St, Cherryville, NC 28021Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%5/30/20249.6 9.6 9.9 — %
Jonesboro Health Food Center LLC(#,^)1321 Stone St, Jonesboro, AR 72401Health and Personal Care StoresTerm LoanPrime plus 2.75%5/27/202426.9 26.9 27.7 0.01 %
The River Beas LLC and Punam Singh(#,^)11704 Centurion Way, Potomac, MD 20854Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/8/203978.7 78.7 92.2 0.03 %
AS Boyals LLC dba Towne Liquors(#,^)117 South BRd St, Woodbury City, NJ 8096Food and Beverage Stores Term LoanPrime plus 2.75%4/29/203994.6 94.6 111.0 0.03 %
Gerami Realty, LC Sherrill Universal City Corral, LP dba Golden(#,^)2301 Pat Booker Rd, Universal City, TX 78148Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/23/202748.7 48.7 51.7 0.02 %
Complete Body & Paint, Inc.(#,^)32220 Michigan Ave, Wayne, MI 48184Repair and MaintenanceTerm LoanPrime plus 2.75%4/23/203918.1 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 11580Real EstateTerm LoanPrime plus 2.75%4/22/203990.1 90.1 105.7 0.03 %
Wilshire Media Systems Inc(#,^)2649 Townsgate Rd. Ste 500, Westlake Village, CA 91361Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/17/202475.8 75.8 78.2 0.02 %
1899 Tavern & Tap LLC and Ale House Tavern & Tap LLC(#,^)1899 State Route 35, South Amboy, NJ 8879Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/9/203997.4 97.4 114.3 0.03 %
Little People's Village II LLC and Iliopoulos Realty LLC(#,^)6522 Haverford Ave, Philadelphia, PA 19151Social AssistanceTerm LoanPrime plus 2.75%3/31/203980.3 80.3 94.1 0.03 %
Hodges Properties LLC and Echelon Enterprises Inc dba Treads Bicycle(#,^)16701 E. Iliff Ave, Aurora, CO 80013Sporting Goods, Hobby, Musical Instrument, and Book StoresTerm LoanPrime plus 2.75%3/31/2039389.4 389.4 456.7 0.13 %
Kemmer, LLC and Pitts Package Store, Inc.(#,^)201 S. Main St, Salem, IN 47167Food and Beverage Stores Term LoanPrime plus 2.75%3/31/2039101.5 101.5 118.9 0.04 %
247
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 19151Social AssistanceTerm LoanPrime plus 2.75%3/31/203988.5 88.5 103.8 0.03 %
Eagle Aggregate Transportation, LLC and Eagle Pneumatic Transport LLC(#,^)4401 N I-35 #113, Denton, TX 76207Truck TransportationTerm LoanPrime plus 2.75%3/31/2024305.8 305.8 314.9 0.09 %
636 South Center Holdings, LLC and New Mansfield Brass and Aluminum Co(#)636 South Center St, New Washington, OH 44854Primary Metal ManufacturingTerm LoanPrime plus 2.75%3/20/203968.1 68.1 79.8 0.02 %
Cormac Enterprises and Wyoming Valley Beverage Incorporated(#,^)63 S Wyoming Ave, Edwardsville, PA 18704Food and Beverage Stores Term LoanPrime plus 2.75%3/20/203996.0 96.0 112.4 0.03 %
Kinisi, Inc. dba The River North UPS Store(#,^)301 West Grand Ave, Chicago, IL 60654Administrative and Support ServicesTerm LoanPrime plus 2.75%3/18/20243.2 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 8322Food and Beverage Stores Term LoanPrime plus 2.75%2/28/2039361.3 361.3 422.9 0.12 %
Summit Beverage Group LLC(#,^)211 Washington Ave, Marion, VA 24354Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%2/28/2024139.3 139.3 143.5 0.04 %
Faith Memorial Chapel LLC(#,^)600 9th Ave North, Bessemer, AL 35020Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/28/2039185.3 185.3 216.9 0.06 %
952 Boston Post Road Realty, LLC and HNA LLC dba Styles International(#,^)952 Boston Post Rd, Milford, CT 6460Personal and Laundry ServicesTerm LoanPrime plus 2.75%2/28/2039179.0 179.0 209.5 0.06 %
96 Mill Street LLC, Central Pizza LLC and Jason Bikakis George Bikaki(#,^)96 Mill St, Berlin, CT 6037Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/12/2039122.0 122.0 142.9 0.04 %
JWB Industries, Inc. dba Carteret Die Casting(#,^)74 Veronica Ave, Somerset, NJ 8875Primary Metal ManufacturingTerm LoanPrime plus 2.75%2/11/2024111.2 111.2 114.5 0.03 %
986 Dixwell Avenue Holding Company, LLC and Mughali Foods, LLC(#,^)986 Dixwell Ave, Hamden, CT 6510Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/7/203986.1 86.1 100.8 0.03 %
Sarah Sibadan dba Sibadan Agency(#,^)102-05 101st Ave, Ozone Park, NY 11416Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%1/27/2039111.6 111.6 130.7 0.04 %
Icore Enterprises Inc dba Air Flow Filters Inc(#,^)151 W 24th St, Hialeah, FL 33010Miscellaneous ManufacturingTerm LoanPrime plus 2.75%1/15/20248.4 8.4 8.7 — %
Nutmeg North Associates LLC Steeltech Building Products Inc(#,^)636 Nutmeg Rd North, South Windsor, CT 6074Construction of BuildingsTerm LoanPrime plus 2.75%12/31/2038788.2 788.2 922.3 0.27 %
Amboy Woodbridge Realty LLC and United Premium Foods LLC(#)One Amboy Ave, Woodbridge, NJ 7095Food ManufacturingTerm Loan6%6/14/20241,813.7 1,813.7 1,782.3 0.53 %
KK International Trading Corporation(#,^)219 Lafayette Drive, Syosset, NY 11791Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%12/23/2028124.8 124.8 134.4 0.04 %
Kurtis Sniezek dba Wolfe's Foreign Auto(#,^)712 5th St, New Brighton, PA 15066Repair and MaintenanceTerm LoanPrime plus 2.75%12/20/203876.5 76.5 89.4 0.03 %
TAK Properties LLC and Kinderland Inc(#,^)1157 Commerce Ave, Longview, WA 98632Social AssistanceTerm LoanPrime plus 2.75%12/18/2038348.5 348.5 407.1 0.12 %
248
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
920 CHR Realty LLC V. Garofalo Carting Inc(#,^)920 Crooked Hill, Brentwood, NY 11717Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%12/10/2038359.7 359.7 420.3 0.12 %
DKB Transport Corp(#,^)555 Water Works Rd, Old Bridge, NJ 8857Truck TransportationTerm LoanPrime plus 2.75%12/5/2038119.5 119.5 139.6 0.04 %
Firm Foundations Inc David S Gaitan Jr and Christopher K Daigle(#,^)1455 S Richland Creek Rd, Sugar HIll, GA 30518Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/3/203889.5 89.5 104.5 0.03 %
Spectrum Development LLC and Solvit Inc & Solvit North, Inc(#,^)65 Farmington Valley Drive, Plainville, CT 6062Specialty Trade ContractorsTerm LoanPrime plus 2.75%12/2/2023142.1 142.1 145.9 0.04 %
BVIP Limousine Service LTD(#,^)887 W Liberty, Medina, OH 44256Transit and Ground Passenger TransportationTerm LoanPrime plus 2.75%11/27/203865.8 65.8 76.8 0.02 %
AcuCall LLC(#,^)824 U.S Hwy 1, Ste 335, North Palm Beach, FL 33408Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%11/21/20235.8 5.8 6.0 — %
Kids in Motion of Springfield LLC dba The Little Gym of Springfield IL(#,^)3039-3043 Hedley, Springfield, IL 62704Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%11/18/202316.7 16.7 17.1 0.01 %
Polpo Realty, LLC Polpo Restaurant, LLC (#,^)554 Old Post Rd #3, Greenwich, CT 6830Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/6/203854.8 54.8 64.0 0.02 %
Mid-Land Sheet Metal Inc(#,^)125 E Fesler St, Santa Maria, CA 93454Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/31/2038117.8 117.8 137.6 0.04 %
1 North Restaurant Corp dba 1 North Steakhouse(#,^)322 W. Montauk Hwy, Hampton Bays, NY 11946Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/31/2038180.2 180.2 210.6 0.06 %
Master CNC Inc & Master Properties LLC(#,^)11825 29 Mile Rd, Washington, MI 48095Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%10/31/2038511.0 511.0 596.7 0.18 %
Janice B. McShan and The Metropolitan Day School, LLC(#,^)2817 Lomb Ave, Birmingham, AL 35208Social AssistanceTerm LoanPrime plus 2.75%10/31/202315.6 15.6 16.0 — %
Greenbrier Technical Services, Inc(#,^)407 E. Edgar Ave, Ronceverte, WV 24970Repair and MaintenanceTerm LoanPrime plus 2.75%10/24/202344.7 44.7 45.9 0.01 %
Clairvoyant Realty Corp. and Napoli Marble & Granite Design, Ltd(#,^)77 Mill Rd, Freeport, NY 11520Specialty Trade ContractorsTerm LoanPrime plus 2.75%10/24/2038126.9 126.9 148.3 0.04 %
Discount Wheel and Tire of Broken Bow Inc(#,^)1202 S Park Drive, Broken Bow, OK 74728Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%9/30/2038191.0 191.0 223.1 0.07 %
Lenoir Business Partners LLC LP Industries, Inc dba Childforms(#,^)2040 Norwood, Lenoir, NC 28645Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%9/30/2038254.0 254.0 296.8 0.09 %
LP Industries, Inc dba Childforms(#,^)110 Charleston Drive, Ste 105-107, Morresville, NC 28117Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%9/30/2038103.5 103.5 121.0 0.04 %
Cencon Properties LLC and Central Connecticut Warehousing Company, In(#,^)37 Commons Court, Waterbury, CT 6704Warehousing and StorageTerm LoanPrime plus 2.75%9/30/2038294.6 294.6 344.2 0.10 %
Mitchellville Family Dentistry, Dr. Octavia Simkins-Wiseman DDS PC(#,^)12150 Annapolis Rd, Ste 301, Glenn Dale, MD 20769Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/27/2038286.0 286.0 334.2 0.10 %
Anthony C Dinoto and Susan S P Dinoto and Anthony C Dinoto Funeral Ho(#,^)17 Pearl St, Mystic, CT 6355Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/26/203885.4 85.4 99.6 0.03 %
249
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Eastside Soccer Dome, Inc .(#,^)11919 S Ave O, Chicago, IL 60617Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/26/2038395.9 395.9 461.8 0.14 %
Southeast Chicago Soccer, Inc.(#,^)10232 S Ave N, Chicago, IL 60617Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/26/203843.7 43.7 51.0 0.02 %
Kiddie Steps 4 You Inc.(#,^)1700 West 63rd St., Chicago, IL 60636Social AssistanceTerm LoanPrime plus 2.75%9/25/203877.5 77.5 90.4 0.03 %
Diamond Memorials Incorporated(#,^)800 BRd St, Clifton, NJ 7013Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%9/25/20230.9 0.9 1.0 — %
Faith Memorial Chapel LLC(#,^)600 9th Ave North, Bessemer, AL 35020Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/20/2038228.9 228.9 266.9 0.08 %
Serious-Fun in Alpharetta, LLC dba The Little Gym of Alpharetta(#,^)11585 Jones Bridge Rd, Ste 4G, Johns Creek, GA 30022Educational ServicesTerm LoanPrime plus 2.75%9/20/202316.3 16.3 16.7 — %
Maynard Enterprises Inc dba Fastsigns of Texarkana(#,^)3735 Mall Drive, Texarkana, TX 75501Miscellaneous Store RetailersTerm LoanPrime plus 2.75%9/18/20235.7 5.7 5.8 — %
Grafio Inc dba Omega Learning Center-Acworth(#,^)5330 Brookstone Drive, Ste 320, Acworth, GA 30101Educational ServicesTerm LoanPrime plus 2.75%9/13/202358.1 58.1 59.5 0.02 %
The Berlerro Group, LLC dba Sky Zone(#,^)111 Rodeo Drive, Edgewood, NY 11717Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%9/12/2023162.7 162.7 166.7 0.05 %
Sound Manufacturing Inc(#,^)51 Donnelley Rd, Old Saybrook, CT 6475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%9/12/202834.9 34.9 37.5 0.01 %
Prospect Kids Academy Inc(#,^)532 St Johns Place, Brooklyn, NY 11238Educational ServicesTerm LoanPrime plus 2.75%9/11/2038106.1 106.1 123.7 0.04 %
B for Brunette dba Blo(#,^)50 Glen Cove Rd, Greenvale, NY 11548Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/10/202320.5 20.5 21.0 0.01 %
Schmaltz Holdings, LLC and Schmaltz Operations, LLC dba Companio(#,^)3408 Castle Rock Farm Rd, Pittsboro, NC 27312Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/4/2038190.2 190.2 221.7 0.07 %
ACI Northwest Inc.(#,^)6600 N Government Way, Coeur D Alene, ID 83815Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%8/30/2023183.9 183.9 188.5 0.06 %
Gulfport Academy Child Care and Learning Center, Inc. and Jennifer Sis(#,^)15150 Evans St, Gulfport, MS 39503Social AssistanceTerm LoanPrime plus 2.75%8/30/202314.7 14.7 15.1 — %
IlOKA Inc dba Microtech Tel and NewCloud Networks(#,^)160 Inverness Dr W Ste 100, Englewood, CO 80112Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%8/30/2023221.3 221.3 226.7 0.07 %
Ramard Inc and Advanced Health Sciences Inc(#,^)4561 Ironworks Pike, Ste 161, Lexington, KY 40511Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%8/28/202363.9 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 80909Nonstore Retailers Term LoanPrime plus 2.75%8/26/202327.2 27.2 27.9 0.01 %
JSIL LLC dba Blackstones Hairdressing(#,^)19 East 7th St, New York, NY 10003Personal and Laundry ServicesTerm LoanPrime plus 2.75%8/16/20236.6 6.6 6.7 — %
Caribbean Concepts, Inc. dba Quick Bleach(#,^)120 East 56th St, St.#730, New York, NY 10022Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%8/12/20237.6 7.6 7.8 — %
Daniel W and Erin H Gordon and Silver Lining Stables CT, LLC(#,^)38 Carmen Lane, Monroe, CT 6468Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%7/24/20233.9 3.9 4.0 — %
Harbor Ventilation Inc and Estes Investment, LLC(#,^)509 East Park St., Livingston, MT 59047Specialty Trade ContractorsTerm LoanPrime plus 2.75%7/19/20382.0 2.0 2.3 — %
250
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Angkor Restaurant Inc(#,^)10 Traverse St, Providence, RI 2903Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/19/203879.0 79.0 92.1 0.03 %
Tri County Heating and Cooling Inc.(#,^)509 East Park St., Livingston, MT 59047Specialty Trade ContractorsTerm LoanPrime plus 2.75%7/19/202329.0 29.0 29.7 0.01 %
Morning Star Trucking LLC and Morning Star Equipment and Leasing LLC(#,^)1 Poppy Ave, Neptune, NJ 7753Truck TransportationTerm LoanPrime plus 2.75%7/17/202317.8 17.8 18.2 0.01 %
GIA Realty LLC and VRAJ GIA LLC dba Lakeview Laundromat(#,^)411 Sharp St, Millville, NJ 8332Personal and Laundry ServicesTerm LoanPrime plus 2.75%6/28/203882.4 82.4 96.2 0.03 %
Maxiflex LLC(#,^)512 Verret St, New Orleans, LA 70114Miscellaneous ManufacturingTerm LoanPrime plus 2.75%6/28/202314.3 14.3 14.7 — %
2161 Highway 6 Trail, LLC, R. H. Hummer JR., Inc.(#,^)2141 P Ave, Williamsburg, IA 52361Truck TransportationTerm LoanPrime plus 2.75%6/19/2026352.6 352.6 371.3 0.11 %
Blakeslee Arpaia Chapman, Inc. dba Blakeslee Industrial Services(#,^)200 North Branford Rd, Branford, CT 6405Heavy and Civil Engineering ConstructionTerm LoanPrime plus 2.75%6/18/2028546.5 546.5 586.2 0.17 %
KDP LLC and KDP Investment Advisors, Inc and KDP Asset Management, Inc(#,^)24 Elm St, Montpelier, VT 5602Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%6/14/2023110.4 110.4 112.9 0.03 %
Elite Structures Inc(#,^)401 Old Quitman Rd, Adel, GA 31620Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%6/12/2038735.7 735.7 857.2 0.25 %
Absolute Desire LLC and Mark H. Szierer Sophisticated Smile(#,^)85 Reaville Ave, Flemington, NJ 8822Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/5/2038159.4 159.4 185.7 0.05 %
Gregory P Jellenek OD and Associates PC dba Gregory P Jellenek OD and(#,^)4640 Monticello Ave, Ste 8A, Williamsburg, VA 23188Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%5/28/202319.3 19.3 19.8 0.01 %
Ryan D. Thornton and Thornton & Associates LLC(#,^)800 Bethel St, Ste 200, Honolulu, HI 96813Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%5/24/202315.6 15.6 15.9 — %
Peanut Butter & Co., Inc.(#,^)250 West 54th St, New York, NY 10019Food ManufacturingTerm LoanPrime plus 2.75%4/30/202330.0 30.0 30.7 0.01 %
1258 Hartford TPKE, LLC and Phelps and Sons, Inc(#,^)1258 Hartford Turnpike, Vernon, CT 6066Miscellaneous Store RetailersTerm LoanPrime plus 2.75%3/29/2038104.7 104.7 122.0 0.04 %
Xela Pack, Inc. and Aliseo and Catherine Gentile(#,^)8300 Boettner Rd, Saline, MI 48176Paper ManufacturingTerm LoanPrime plus 2.75%3/27/2028174.5 174.5 186.7 0.06 %
A & M Commerce, Inc. dba Cranberry Sunoco(#,^)398 Baltimore Blvd, Westminster, MD 21157Gasoline Stations Term LoanPrime plus 2.75%3/27/2038273.4 273.4 318.0 0.09 %
American Diagnostic Imaging, Inc. dba St. Joseph Imaging Center(#,^)3937 Sherman Ave, Saint Joseph, MO 64506Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%3/25/2038455.5 455.5 529.7 0.16 %
Michael A.and HeatherR. Welsch dba Art & FrameEtc.(#,^)2819 West T C Jester Blvd., Houston, TX 77018Miscellaneous Store RetailersTerm LoanPrime plus 2.75%3/22/203856.7 56.7 66.0 0.02 %
Truth Technologies Inc dba Truth Technologies Inc.(#,^)2341 Cheshire Lane, Naples, FL 34109Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/21/202325.2 25.2 25.7 0.01 %
Sound Manufacturing, Inc. and Monster Power Equipment Inc.(#,^)51 Donnelley Rd, Old Saybrook, CT 6475Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%3/15/2023140.6 140.6 143.5 0.04 %
251
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Bakhtar Group LLC dba Malmaison(#,^)3401 K St NW, Washington, DC 20007Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/28/202327.0 27.0 27.5 0.01 %
Osceola River Mill, LLC Ironman Machine, Inc.(#,^)27 Hungerford St, Pittsfield, MA 1201Machinery ManufacturingTerm LoanPrime plus 2.75%2/20/203872.3 72.3 84.0 0.02 %
Retain Loyalty LLC(#,^)1250 Sanders Ave SW, Massillon, OH 44647Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%2/15/203893.7 93.7 109.0 0.03 %
Sherill Universal City dba Golden Corral LP(#,^)2301 Pat Booker Rd, Universal City, TX 78148Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/28/2038372.8 372.8 433.6 0.13 %
Macho LLC Madelaine Chocolate Novelties Inc dba The Madelai(#,^)96-03 Beach Channel Drive, Rockaway Beach, NY 11693Food ManufacturingTerm LoanPrime plus 2.75%12/31/2037418.9 418.9 487.3 0.14 %
Babie Bunnie Enterprises Inc dba Triangle Mothercare(#,^)8516 Swarthmore Drive, Raleigh, NC 27615Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/28/202724.8 24.8 26.4 0.01 %
Polpo Realty LLC & Polpo Restaurant LLC dba Polpo Restauran(#,^)554 Old Post Rd #3, Greenwich, CT 6830Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/27/2037442.4 442.4 513.6 0.15 %
Daniel Gordon and Erin Gordon and Silver Lining Stables CT, LLC(#,^)38 Carmen Lane, Monroe, CT 6468Support Activities for Agriculture and ForestryTerm LoanPrime plus 2.75%11/28/2037190.2 190.2 220.8 0.07 %
D&L Rescources, Inc. dba The UPS Store(#,^)8958 W State Rd # 84, Davie, FL 33324Miscellaneous Store RetailersTerm LoanPrime plus 2.75%11/27/20222.5 2.5 2.5 — %
Richmond Hill Mini Market, LLC(#,^)101 Richmond Hill Ave, Stamford, CT 6902Food and Beverage Stores Term LoanPrime plus 2.75%11/27/2037153.8 153.8 178.5 0.05 %
DRV Enterprise, Inc. dba Cici's Pizza # 339(#,^)5771 East Fowler Ave, Temple Terrace, FL 33617Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/26/202215.2 15.2 15.5 — %
U & A Food and Fuel, Inc. dba Express Gas & Food Mart(#,^)1345 Wampanoag Trail, East Providence, RI 2915Gasoline Stations Term LoanPrime plus 2.75%11/21/203780.0 80.0 92.9 0.03 %
R & J Petroleum LLC Manar USA, Inc.(#,^)305 Quincy Shore Drive, Quincy, MA 2107Gasoline Stations Term LoanPrime plus 2.75%11/20/2037149.6 149.6 173.7 0.05 %
St Judes Physical Therapy P.C.(#,^)7712 Fourth Ave, Brooklyn, NY 11209Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%11/19/20225.2 5.2 5.3 — %
Hi-Def Imaging, Inc. dba SpeedPro Imaging(#,^)3580 Progress Drive, Unit Q, Bensalem, PA 19020Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%11/9/20225.6 5.6 5.7 — %
Reidville Hydraulics Mfg Inc dba Summit(#,^)175 Industrial Lane, Torrington, CT 6790Machinery ManufacturingTerm LoanPrime plus 2.75%11/2/2037219.0 219.0 254.1 0.07 %
University Park Retreat, LLC dba Massage Heights(#,^)5275 University Parkway # 110, Bradenton, FL 34201Personal and Laundry ServicesTerm LoanPrime plus 2.75%9/27/202220.0 20.0 20.3 0.01 %
O'Rourkes Diner LLC dba O'Rourke's Diner(#,^)728 Main St, Middletown, CT 6457Food Services and Drinking PlacesTerm LoanPrime plus 2.75%9/19/203754.6 54.6 63.3 0.02 %
AJK Enterprise LLC dba AJK Enterprise LLC(#)1901 Naylor Rd, SE, Washington, DC 20020Truck TransportationTerm LoanPrime plus 2.75%8/27/20223.5 3.5 3.6 — %
Suncoast Aluminum Furniture, Inc(#,^)6291 Thomas Rd, Fort Myers, FL 33912Furniture and Related Product ManufacturingTerm LoanPrime plus 2.75%8/17/2037297.3 297.3 344.5 0.10 %
Hofgard & Co., Inc. dba HofgardBenefits(#,^)400 S McCaslin Blvd Ste 201, Louisville, CO 80027Insurance Carriers and Related ActivitiesTerm LoanPrime plus 2.75%7/27/202222.6 22.6 23.0 0.01 %
Central Tire, Inc. dba Cooper Tire & Auto Services(#,^)1111 S Tillotson Ave, Muncie, IN 47304Repair and MaintenanceTerm LoanPrime plus 2.75%6/29/2037236.1 236.1 273.7 0.08 %
252
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
KIND-ER-ZZ Inc dba Kidville(#,^)30 Maple St, Summit, NJ 7901Educational ServicesTerm LoanPrime plus 2.75%6/15/20229.9 9.9 10.1 — %
Graphish Studio, Inc. and Scott Fishoff(#,^)231 Main St, Stanford, CT 6901Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%6/14/20223.9 3.9 4.0 — %
ALF, LLC Mulit-Service Eagle Tires(#,^)1985 B St, Colorado Springs, CO 80906Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%5/31/203751.3 51.3 59.3 0.02 %
Tracey Vita-Morris dba Tracey Vita's School of Dance(#,^)4181 9th Ave West, Bradenton, FL 34025Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%5/10/20224.3 4.3 4.3 — %
Tanner Optical, Inc. dba Murphy Eye Care(#,^)305 Shirley Ave, Douglas, GA 31533Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%4/27/20221.4 1.4 1.5 — %
Access Staffing, LLC(#,^)360 Lexington Ave, 8th Floor, New York, NY 10017Administrative and Support ServicesTerm LoanPrime plus 2.75%3/30/202238.5 38.5 39.0 0.01 %
Manuel P. Barrera and Accura Electrical Contractor, Inc.(#,^)6187 NW 167th St Unit H3, Miami, FL 33015Specialty Trade ContractorsTerm LoanPrime plus 2.75%3/23/202860.2 60.2 64.4 0.02 %
Shweiki Media, Inc. dba Study Breaks Magazine(#,^)4954 Space Center Drive, San Antonio, TX 78218Publishing Industries (except Internet)Term LoanPrime plus 2.75%3/22/2027660.6 660.6 700.6 0.21 %
ATI Jet, Inc.(#)7007 Boeing Drive, El Paso, TX 79925Air TransportationTerm LoanPrime plus 2.75%12/28/2026292.3 292.3 309.3 0.09 %
J. Kinderman & Sons, Inc. dba Brite Star Manufacturing Company(#,^)2900 South 20th St, Philadelphia, PA 19145Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%12/22/2036136.4 136.4 157.3 0.05 %
K's Salon, LLC d/b/a K's Salon(#,^)162 West 84th St, New York, NY 10024Personal and Laundry ServicesTerm LoanPrime plus 2.75%12/20/202110.1 10.1 10.2 — %
K9 Bytes, Inc & Epazz, Inc dba K9 Bytes, Inc(#)325 N. Milwaukee Ave, Ste G1, Wheeling, IL 60090Publishing Industries (except Internet)Term LoanPrime plus 2.75%10/26/202111.8 11.8 11.9 — %
28 Cornelia Street Properties, LLC and Zouk, Ltd.dba Palma(#,^)28-28 1/2 Cornelia St, New York, NY 10014Food Services and Drinking PlacesTerm LoanPrime plus 2.75%10/25/20212.4 2.4 2.4 — %
39581 Garfield, LLC and Tricounty Neurological Associates, P.C.(#,^)39581 Garfield Rd, Clinton Township, MI 48038Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/30/203621.9 21.9 25.2 0.01 %
Robert E. Caves, Sr. and American Plank dba Caves Enterprises(#,^)40515 Pumpkin Center Rd, Hammond, LA 70403Merchant Wholesalers, Durable Goods Term LoanPrime plus 2.75%9/30/202140.1 40.1 40.4 0.01 %
39581 Garfield, LLC and Tri County Neurological Associates, P.C.(#,^)39581 Garfield Rd, Clinton Township, MI 48038Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%9/30/203664.3 64.3 74.1 0.02 %
Michael S. Decker & Janet Decker dba The Hen House Cafe(#)401 Caribou St, Simla, CO 80835Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/30/203613.0 13.0 14.9 — %
Valiev Ballet Academy, Inc(#,^)635 - 637 Londonderry Lane, Denton, TX 76205Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 2.75%8/12/203633.7 33.7 38.7 0.01 %
LaHoBa, LLC d/b/a Papa John's(#,^)3001 Pontchartrain Drive, Slidell, LA 70458Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/3/203661.1 61.1 70.3 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Lavertue Properties LLP dba Lavertue Properties(#,^)24 Wakefield St, Rochester, NH 13867Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm LoanPrime plus 2.75%6/29/203635.4 35.4 40.7 0.01 %
Lisle Lincoln II Limited Partnership dba Lisle Lanes LP(#,^)4920 Lincoln Ave Route 53, Lisle, IL 60532Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%6/29/2036277.3 277.3 319.1 0.09 %
Peanut Butter & Co., Inc. d/b/a Peanut Butter & Co.(#,^)1790 Broadway Ste 716, New York, NY 10019Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%6/3/20213.1 3.1 3.1 — %
Profile Performance, Inc. and Eidak Real Estate, L.L.C.(#,^)44600 Michigan Ave, Canton, MI 48188Repair and MaintenanceTerm LoanPrime plus 2.75%4/20/203699.7 99.7 114.5 0.03 %
Northwind Outdoor Recreation, Inc. dba Red Rock Wilderness Store(#,^)2267 Fernberg Trail, Ely, MN 55731Nonstore Retailers Term LoanPrime plus 2.75%4/18/2036112.5 112.5 129.2 0.04 %
Michael S. Korfe dba North Valley Auto Repair(#,^)7516 B 2nd St, NW, Albuquerque, NM 87107Repair and MaintenanceTerm LoanPrime plus 2.75%3/24/203612.1 12.1 13.8 — %
Actknowledge, Inc dba Actknowledge(#,^)365 Fifth Ave, New York, NY 10016Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/21/20212.1 2.1 2.1 — %
SuzyQue’s LLC dba Suzy Que’s(#,^)34 South Valley Rd, West Orange, NJ 7052Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/11/203647.5 47.5 54.5 0.02 %
Little People’s Village, LLC dba Little People’s Village(#,^)904 North 66th St, Philadelphia, PA 19151Social AssistanceTerm LoanPrime plus 2.75%1/31/203624.1 24.1 27.6 0.01 %
Seagate Group Holdings, Inc. dba Seagate Logistics, Inc.(#,^)64-68 North Central Ave, Valley Stream, NY 11580Support Activities for TransportationTerm LoanPrime plus 2.75%1/28/203687.9 87.9 100.8 0.03 %
Lodin Medical Imaging, LLC dba Watson Imaging Center(#,^)3915 Watson Rd, St. Louis, MO 63109Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%12/1/20201.2 1.2 — — %
Robert F. Schuler and Lori A. Schuler dba Bob’s Service Center(#,^)2879 Limekiln Pike, Glenside, PA 19038Repair and MaintenanceTerm LoanPrime plus 2.75%11/30/203526.2 26.2 30.0 0.01 %
Elan Realty, LLC and Albert Basse Asociates, Inc.(#,^)175 Campanelli Park Way, Stroughton, MA 2072Printing and Related Support ActivitiesTerm LoanPrime plus 2.75%9/30/2035173.4 173.4 198.4 0.06 %
Newsome Trucking Inc and Kevin Newsome(#,^)2262 HWY 53W, Jasper, GA 30143Truck TransportationTerm LoanPrime plus 2.75%9/2/2035187.6 187.6 214.1 0.06 %
Rudy & Louise Chavez dba Clyde's Auto and Furniture Upholstery(#,^)2320 2nd St, Albuquerque, NM 87107Repair and MaintenanceTerm LoanPrime plus 2.75%9/2/203538.1 38.1 43.5 0.01 %
I-90 RV & Auto Supercenter(#,^)4505 South I-90 Service Rd, Rapid City, SD 57703Motor Vehicle and Parts DealersTerm LoanPrime plus 2.75%6/29/203556.5 56.5 64.5 0.02 %
Tanner Optical Inc. dba Murphy Eye Care(#,^)305 Shirley Ave, Douglas, GA 31533Ambulatory Health Care ServicesTerm LoanPrime plus 2.75%6/22/203568.9 68.9 78.5 0.02 %
Lahoba,LLC dba Papa John's Pizza(#,^)620 W. Judge Perez Drive, Chalmette, LA 70163Food Services and Drinking PlacesTerm LoanPrime plus 2.75%12/30/203431.6 31.6 35.9 0.01 %
Animal Intrusion Prevention Systems Holding Company, LLC(#,^)3330 North Beach St, Haltom City, TX 76111Administrative and Support ServicesTerm LoanPrime plus 2.75%3/29/202416.9 16.9 17.4 0.01 %
KMC RE, LLC & B&B Kennels(#,^)6004 City Park Rd, Austin, TX 78730Personal and Laundry ServicesTerm LoanPrime plus 2.75%11/19/203443.0 43.0 48.8 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
ROVER REPAIRS(#,^)301 MACDADE BLVD, COLLINGDALE, PA 19023Repair and MaintenanceTerm LoanPrime plus 2.5%11/28/202942.0 42.0 45.2 0.01 %
The Alba Financial Group, Inc.(#,^)1420 Spring Hill Rd, McLain, VA 22102Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesTerm Loan6%3/10/20211.2 1.2 1.2 — %
D & D's Divine Beauty School of Esther, LLC(#,^)5524 Germantown Ave, Philadelphia, PA 19144Educational ServicesTerm Loan6%8/1/203141.2 41.2 39.6 0.01 %
Bliss Coffee and Wine Bar, LLC(#)1402-A Handlir Drive, Bel Air, MD 21015Food Services and Drinking PlacesTerm Loan6%11/30/202261.8 61.8 61.0 0.02 %
Connect Litigation Technology, Inc.(#,^)1101 Ivy Hill Rd, #4, Philadelphia, PA 19150Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2%10/18/202517.0 17.0 17.5 0.01 %
1911 East Main Street Holdings, Corp(#,^)1911 East Main St, Endicott, NY 13760Repair and MaintenanceTerm LoanPrime plus 2.75%5/18/20329.5 9.5 10.5 — %
Water Works Laundromat, LLC(#)968-970 Bergen St, Newark, NJ 7104Personal and Laundry ServicesTerm LoanPrime plus 2.25%9/7/2027126.0 126.0 132.1 0.04 %
Dave Kris, and MDK Ram Corp.(#,^)15 Elm Park, Groveland, MA 1930Food and Beverage Stores Term LoanPrime plus 2.75%2/5/202619.2 19.2 20.1 0.01 %
Head To Toe Personalized Pampering, Inc.(#,^)2331 North State Rd 7, Lauderhill, FL 33313Personal and Laundry ServicesTerm LoanPrime plus 2.75%1/27/20317.2 7.2 8.0 — %
Christopher F. Bohon & Pamela D. Bohon(#,^)11600 County Rd 71, Lexington, AL 35648Social AssistanceTerm LoanPrime plus 2.75%10/28/20262.2 2.2 2.3 — %
Mogas Limited(#,^)47 Chestnut St, Elmer, NJ 8318Gasoline Stations Term LoanPrime plus 2.75%5/31/203053.0 53.0 57.9 0.02 %
Moonlight Multi Media Production, Inc.(#,^)2700 West Cypress Creek Rd, Fort Lauderdale, FL 33309Other Information ServicesTerm Loan5.3%2/1/20251.0 1.0 1.0 — %
David M. Goens dba Superior Auto Paint & Body, Inc.(#)1912 Manhattan Ave, Harvey, LA 70058Repair and MaintenanceTerm Loan6%8/26/20249.4 9.4 9.2 — %
McCallister Venture Group, LLC and Maw's Vittles, Inc.(#,^)511 South BRd St, Brooksville, FL 34601Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/30/20299.0 9.0 9.8 — %
Whirlwind Car Wash, Inc.(#)1370 Le Anne Marie Circle, Columbus, OH 43026Repair and MaintenanceTerm LoanPrime plus 2%4/9/202911.8 11.8 12.4 — %
Shuttle Car Wash, Inc. dba Shuttle Car Wash(#,^)745 Cheney Hwy, Ttitusville, FL 32780Repair and MaintenanceTerm LoanPrime plus 2.25%11/10/202812.6 12.6 13.4 — %
Min Hui Lin(#,^)1916 BRd St, Lanett, AL 36863Food Services and Drinking PlacesTerm LoanPrime plus 2.75%1/30/202812.7 12.7 13.6 — %
Auto Sales, Inc.(#,^)1925 State St, Hamden, CT 6417Motor Vehicle and Parts DealersTerm Loan6%8/17/20233.5 3.5 3.4 — %
Ralph Werner dba Werner Transmission Inc(#,^)259 East Central Ave, Bangor, PA 18013Gasoline Stations Term LoanPrime plus 2.75%12/29/20210.5 0.5 0.5 — %
Robin C. & Charles E. Taylor & Brigantine Aquatic Center LLC(#,^)3118 Bayshore Ave, Brigantine, NJ 8203Amusement, Gambling, and Recreation IndustriesTerm Loan6%9/14/202323.1 23.1 22.8 0.01 %
OrthoQuest, P.C.(#,^)2336 Wisteria Drive, Ste 430, Snellville, GA 30078Ambulatory Health Care ServicesTerm LoanPrime plus 2%3/12/20220.8 0.8 0.8 — %
Track Side Collision & Tire, Inc.(#,^)98-16 160 Ave, Ozone Park, NY 11414Plastics and Rubber Products ManufacturingTerm LoanPrime plus 2.75%6/16/20253.0 3.0 3.1 — %
255
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Deesha Corporation, Inc. dba Best Inn & Suites(#,^)9225 Parkway East, Birmingham, AL 35206AccommodationTerm LoanPrime plus 2.25%2/14/202515.7 15.7 16.2 — %
Randall D. & Patricia D. Casaburi dba Pat's Pizzazz(#,^)386 Winsted Rd, Torrington, CT 6790Furniture and Home Furnishings Stores Term LoanPrime plus 2.75%3/13/20232.9 2.9 3.0 — %
Gain Laxmi, Inc. dba Super 8 Motel(#,^)14341 U.S. Hwy 431 South, Gunterville, AL 35976AccommodationTerm LoanPrime plus 2.25%5/31/20238.6 8.6 8.8 — %
Naseeb Corporation(#,^)1696 North BRd St, Meriden, CT 6450AccommodationTerm LoanPrime plus 2.25%3/31/202415.0 15.0 15.4 — %
Stillwell Ave Prep School(#,^)1990 Stillwell Ave, Brooklyn, NY 11214Social AssistanceTerm LoanPrime plus 2.75%1/14/20232.5 2.5 2.6 — %
Alyssa Corp dba Knights Inn(#,^)1105 Columbus Parkway, Opelika, AL 36801AccommodationTerm LoanPrime plus 2.25%9/30/202329.1 29.1 29.7 0.01 %
Bhailal Patel dba New Falls Motel(#,^)201 Lincoln Hwy, Fairless Hills, PA 19030AccommodationTerm LoanPrime plus 2.75%3/27/20231.0 1.0 1.0 — %
Pegasus Automotive, Inc.(#,^)3981 Hylan Blvd, Staten Island, NY 10308Gasoline Stations Term LoanPrime plus 2.75%12/23/20223.0 3.0 3.1 — %
P. Agrino, Inc. dba Andover Diner(#,^)193 Main St, Andover, NJ 7860Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/18/20210.1 0.1 0.1 — %
Total SBA Unguaranteed Accrual Investments$364,957.1 $364,957.1 $378,329.4 111.49 %
256
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 19601Food ManufacturingTerm Loan6.25%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 11577Fabricated Metal Product ManufacturingTerm LoanPrime plus 0%12/16/202144.8 44.8 43.3 0.01 %
Pioneer Windows Manufacturing Corp, Pioneer Windows(*,#,^)3 Expressway Plaza, Suuite 221, Roslyn Heights, NY 11577Fabricated Metal Product ManufacturingTerm LoanPrime plus 0%11/21/202280.7 80.7 78.1 0.02 %
2 Cool Beans LLC dba Menchies's Frozen Yogurt(*,#,^)11331 Thienes Ave, South El Monte, CA 91733Food Services and Drinking PlacesTerm LoanPrime plus 0%8/11/202654.1 54.1 53.0 0.02 %
3SIXO Motorsports LLC dba 3SIXO Motorsports Shop(*,#,^)217 W Main St, Centralia, WA 98531Motor Vehicle and Parts DealersTerm Loan7.75%1/6/202994.6 94.6 59.6 0.02 %
6 Price Avenue, LLC and Pauley Tree & Lawn Care, Inc(*,#)6 Price Ave, Norwalk, CT 6840Administrative and Support ServicesTerm Loan8%9/24/2039237.3 237.3 192.6 0.06 %
Acton Hardware LLC and Mark Allgood & Jamie Allgood(*,#,^)31814 Crown Valley Rd, Acton, CA 93510Building Material and Garden Equipment and Supplies Dealers Term Loan8%3/24/2041117.1 117.1 37.9 0.01 %
Advance Case Parts RE Holdings LLC and Advance Case Parts Inc(*,#)12485-12489 NW 44th St, Coral Springs, FL 33071Repair and MaintenanceTerm Loan7.75%3/31/2040318.3 318.3 131.4 0.04 %
Albas Bar & Grill LLC(*,#,^)221 Self Main St, Homer City, PA 15748Food Services and Drinking PlacesTerm LoanPrime plus 0%10/13/204243.9 43.9 17.1 0.01 %
Alive Design, LLC(*,#)234 Middle St, Middletown, CT 6457Professional, Scientific, and Technical ServicesTerm LoanPrime plus 2.75%3/13/202711.4 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 32225Ambulatory Health Care ServicesTerm Loan8.25%1/13/2029364.9 364.9 262.9 0.08 %
All Printing Solutions, Inc. dba Pryntcomm(*,#,^)303 E. Sioux Ave., Pierre, SD 57501Printing and Related Support ActivitiesTerm Loan7.75%6/27/2041491.8 491.8 81.7 0.02 %
Allied Welding Inc.(*,#,^)1820 N. Santa Fe Ave, Chillicothe, IL 61523Fabricated Metal Product ManufacturingTerm Loan8.25%12/15/2041713.5 713.5 713.5 0.21 %
Amboy Group, LLC dba Tommy Moloney's(*,#)1 Amboy Ave, Woodbridge, NJ 7095Food ManufacturingTerm Loan6%6/14/20241,458.1 1,458.1 1,458.1 0.43 %
Anglin Cultured Stone Products LLC(*,#,^)877 Salem Church Rd, Newark, DE 19702Construction of BuildingsTerm Loan8.25%12/27/2042630.5 630.5 324.4 0.10 %
Anglin Cultured Stone Products LLC dba Anglin Construction(*,#)877 Salem Church Rd, Newark, DE 19702Specialty Trade ContractorsTerm Loan8.25%6/30/2025193.3 193.3 185.2 0.05 %
Arclay ,LLC(*,#,^)49 Geyser Rd Ste 100, Saratoga Springs, NY 12866Nonmetallic Mineral Product ManufacturingTerm Loan8%5/5/2030137.1 137.1 30.1 0.01 %
Arrow Freight Inc(*,#,^)1000 Jorie Blvd Ste 250, Oak Brook, IL 60523Truck TransportationTerm Loan8.25%3/30/2028653.0 653.0 — 0.00 %
Auto Shine Carwash Inc and AKM R. Hossain and Jessica F. Masud(*,#)2646 South Rd, Poughkeepsie, NY 12601Gasoline Stations Term Loan7.75%9/26/202415.7 15.7 15.2 0.00 %
AWA Fabrication & Construction, L.L.C.(*,#)811 Country Rd #99, Headland, AL 36345Fabricated Metal Product ManufacturingTerm Loan6%4/30/202534.4 34.4 2.5 0.00 %
257
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 18355Amusement, Gambling, and Recreation IndustriesTerm Loan6%6/22/20351,385.8 1,385.8 334.3 0.10 %
B4 Fitness LLC dba The Zoo Health Club(*,#,^)4 Beehive Dr, Epping, NH 3042Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%9/23/202659.8 59.8 31.6 0.01 %
Baker Sales, Inc. d/b/a Baker Sales, Inc.(*,#)60207 Camp Villere Rd, Slidell, LA 70460Nonstore Retailers Term Loan6%3/29/2036177.4 177.4 62.1 0.02 %
Band Sawn Lumber,LLC and Nathan Ryan Adams(*,#,^)1873 State Hwy 29, Johnstown, NY 12095Wood Product ManufacturingTerm Loan7.75%5/15/2042110.8 110.8 33.5 0.01 %
Fieldstone Quick Stop LLC Barber Investments LLC Thadius M B(*,#)190 Route 3, South China, ME 4358Gasoline Stations Term Loan6%9/30/2038400.4 400.4 33.2 0.01 %
Bear Creek Entertainment LLC dba The Woods at Bear Creek(*,#,^)3510 Bear Creek Rd, Franklinville, NY 14737AccommodationTerm LoanPrime plus 2.75%8/12/20411,608.1 1,608.1 742.4 0.22 %
Bear Creek Entertainment, LLC dba The Woods at Bear Creek(*,#)3510 Bear Creek Rd, Franklinville, NY 14737AccommodationTerm Loan7.25%12/30/202485.4 85.4 82.7 0.02 %
Bebos Inc dba Pizza Hut & Sunoco(*,#)2003 West 5th St, Clifton, TX 76634Gasoline Stations Term Loan7.75%3/28/2028214.1 214.1 29.8 0.01 %
Benevolent International Inc(*,#,^)2781 Saturn St Ste F, Brea, CA 82821Administrative and Support ServicesTerm Loan6%4/26/202971.6 71.6 68.6 0.02 %
Bev's Sweets LLC(*,#,^)3778 Hwy 254, Cleveland, GA 30528Administrative and Support ServicesTerm LoanPrime plus 0%9/30/2044210.5 210.5 201.6 0.06 %
Bone Bar & Grill LLC(*,#)3547 &3551 Philipsburg Bigler Hwy, West Decatur, PA 16878Food Services and Drinking PlacesTerm Loan7%6/30/204273.4 73.4 62.6 0.02 %
Bowl Mor, LLC dba Bowl Mor Lanes / Spare Lounge, Inc.(*,#)201 Highland Ave, East Syracuse, NY 13057Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%3/13/2039201.2 201.2 148.4 0.04 %
BQRS, Inc. DBA Gresham Meineke Car Care Center(*,#,^)18081 SE Division St, Portland, OR 97236Repair and MaintenanceTerm Loan8.25%6/30/202753.9 53.9 47.8 0.01 %
Brandywine Picnic Park, Inc. and B.Ross Capps & Linda Capps(*,#)690 South Creek Rd, West Chester, PA 19382Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%3/30/2031145.7 145.7 144.1 0.04 %
Calhoun Satellite Communications, Inc.(*,#)1914 Tigertail Blvd, Dania Beach, FL 33004TelecommunicationsTerm Loan7%12/2/202637.2 37.2 24.0 0.01 %
Capstone Pediatrics PLLC and Capstone Healthcare Consulting LLC(*,#)310 25th Ave N. St Ste. 201, Nashville, TN 37203Ambulatory Health Care ServicesTerm Loan7.75%5/15/2025556.4 556.4 55.7 0.02 %
Carl R. Bieber, Inc. dba Bieber Tourways/Bieber Transportation(*,#)320 Fair St, Kutztown, PA 19530Transit and Ground Passenger TransportationTerm Loan7.5%9/30/2027366.2 366.2 354.6 0.10 %
CD Game Exchange Inc.(*,#,^)3719 N Mississippi, Portland, OR 97227Merchant Wholesalers, Durable Goods Term Loan8.25%9/28/202610.4 10.4 10.2 0.00 %
Central Medical Clinic, PLLC- Clinica Central(*,#)393 North Dunlap St Ste LL26, LL34, LL38, St Paul, MN 55104Ambulatory Health Care ServicesTerm Loan8.25%6/7/2029171.9 171.9 166.4 0.05 %
Chickamauga Properties, Inc., MSW Enterprises, LLP(*,#)214 Sutherland Way, Rocky Face, GA 30740Amusement, Gambling, and Recreation IndustriesTerm Loan6.25%12/22/203559.0 59.0 56.5 0.02 %
258
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Children First Home Health Care Inc(*,#,^)1220 Broadcasting Rd Ste 202, Wyomissing, PA 19610Ambulatory Health Care ServicesTerm Loan7.5%12/27/2028282.4 282.4 51.7 0.02 %
CK Heating and Cooling LLC(*,#,^)10017 Pebble Beach Drive, St. Louis, MO 63114Specialty Trade ContractorsTerm LoanPrime plus 2.75%4/12/202918.5 18.5 1.3 0.00 %
Clark Realty LLC(*,#,^)4 Walker Way, Albany, NY 12205Real EstateTerm Loan8%8/29/204173.3 73.3 37.1 0.01 %
Clearwater Transportation LTD dba Thrifty Car Rental,(*,#,^)8790 Crownhill Blvd, San Antonio, TX 78209Rental and Leasing ServicesTerm Loan8.25%11/29/2027153.7 153.7 17.5 0.01 %
CNYP 717 Irondequoit LLC and CNYP 2002 Ontario LLC(*,#,^)717 Titus Ave, Rochester, NY 14617Food Services and Drinking PlacesTerm Loan8.25%11/20/2040158.0 158.0 60.2 0.02 %
Colts V LLC and Nowatzke Service Center, Inc dba Nowatzke Truck (*,#)6900 Whitmore Lake Rd, Whitmore Lake, MI 48189Repair and MaintenanceTerm Loan6.75%9/26/2039553.3 553.3 450.0 0.13 %
Conference Services International ETC LLC(*,#,^)4802 West Van Buren St, Phoenix, AZ 85007Administrative and Support ServicesTerm Loan8%8/14/2028597.0 597.0 408.2 0.12 %
Custom Software, Inc. a Colorado Corporation dba M-33 Access(*,#)380 E. Borden Rd, Rose City, MI 48654Professional, Scientific, and Technical ServicesTerm Loan6.25%6/17/2021210.6 210.6 112.7 0.03 %
CZAR Industries, Inc.(*,#,^)1424 Heath Ave, Ewing, NJ 8638Machinery ManufacturingTerm Loan8.25%12/19/2027141.3 141.3 45.1 0.01 %
D&G Capital LLC dba Miami Grill 277(*,#,^)2521 North Federal Hwy, Unit C, Boca Raton, FL 33431Food Services and Drinking PlacesTerm Loan6.5%12/16/202544.1 44.1 20.8 0.01 %
Darian L Hampton DDS PA and Darian L. Hampton(*,#)3610 N Josey Lane Ste 104, Carrollton, TX 75007Ambulatory Health Care ServicesTerm Loan8.25%12/20/2028292.6 292.6 3.2 0.00 %
David D. Sullivan dba DMS Construction(*,#,^)6400 Charwood Place, Bakersfield, CA 93306Specialty Trade ContractorsTerm LoanPrime plus 0%8/9/202811.5 11.5 4.3 0.00 %
Destination Hope, Inc, TrilogyTreatment & Wellness Center, Inc(*,#)6555 NW 9th Ave, Fort Lauderdale, FL 33309Ambulatory Health Care ServicesTerm LoanPrime plus 0%12/30/2029345.6 345.6 338.2 0.10 %
Destination Hope, Inc. and The Academy for Addiction Professionals(*,#)6555 NW 9th Ave, Fort Lauderdale, FL 33309Ambulatory Health Care ServicesTerm Loan6%12/30/2044371.2 371.2 363.3 0.11 %
Dixie Transport, Inc. & Johnny D. Brown & Jimmy Brown & Maudain Brown(*,#,^)2685 US Hwy 41, Calhoun, GA 30701Support Activities for TransportationTerm Loan5.25%12/28/20351,316.8 1,316.8 522.2 0.15 %
Douglas Printy Motorsports, Inc. dba Blackburn Trike(*,#)1410 Medina Rd, Medina, OH 44256Motor Vehicle and Parts DealersTerm Loan8.25%3/9/204074.2 74.2 3.2 0.00 %
Doxa Deo Inc dba Luv 2 Play(*,#,^)1600 Village Market Blvd, Leesburg, VA 20175Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%2/28/202681.3 81.3 79.5 0.02 %
Dr. Richard Rolle JR, PLLC dba Rolle Oral & Facial Surgery PLLC(*,#,^)1515 Shopton Rd, Charlotte, NC 28217Ambulatory Health Care ServicesTerm Loan7.5%9/29/2042243.0 243.0 211.2 0.06 %
Driven Warehouse/Distribution LLC(*,#)271 East North Ave, Glendale, IL 60139Truck TransportationTerm Loan8%12/22/2027726.2 726.2 371.6 0.11 %
DTM Parts Supply Inc.(*,#)31 Sageman St, Mount Vernon, NY 10550Merchant Wholesalers, Durable Goods Term Loan7%6/2/202542.6 42.6 42.6 0.01 %
259
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
DuCharme Realty LLC and DuCharme Enterprises LLC dba Specialty(*,#)1717 Hwy 200, Noxon, MT 59853Wood Product ManufacturingTerm Loan8%2/2/2040163.2 163.2 47.5 0.01 %
Dynamic Dental Corporation(*,#,^)3760 NW 126th Ave, Coral Springs, FL 33065Merchant Wholesalers, Durable Goods Term Loan7.5%5/31/202960.4 60.4 22.2 0.01 %
E & I Holdings, LP & PA Farm Products, LLC(*,#)1095 Mt Airy Rd, Stevens, PA 17578Food ManufacturingTerm Loan6%4/30/20304,705.2 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 32174Truck TransportationTerm LoanPrime plus 0%11/11/202554.4 54.4 46.6 0.01 %
Earth First Recycling LLC(*,#,^)400 Island Park Rd, Easton, PA 18040Merchant Wholesalers, Durable Goods Term Loan8%12/6/202772.8 72.8 72.0 0.02 %
Earth First Recycling, LLC and 191 Clark Road, LLC(*,#,^)400 Island Park Rd, Easton, PA 18040Merchant Wholesalers, Durable Goods Term Loan8%6/5/2027338.0 338.0 334.4 0.10 %
Elegant Fireplace Mantels, Inc. dba Elegant Fireplace Mantels(*,#,^)11949 Borden Ave, San Fernando, CA 91340Specialty Trade ContractorsTerm Loan8.25%12/31/202243.9 43.9 43.0 0.01 %
Ericon, Inc.(*,#,^)740 Davenport Ave, Fremont, NE 68025Gasoline Stations Term Loan8.25%12/1/2041705.6 705.6 652.0 0.19 %
ERT Group Inc and Curt's Tools Inspection Inc(*,#,^)5229 142nd Dr. NW, Williston, ND 58801Support Activities for MiningTerm LoanPrime plus 2.75%3/18/2041932.4 932.4 902.7 0.27 %
Europlast Ltd(*,#)100 Industrial Lane, Endeavor, WI 53930Plastics and Rubber Products ManufacturingTerm Loan6%9/26/2022312.9 312.9 44.0 0.01 %
Evergreen Pallet LLC and Evergreen Recycle LLC(*,#,^)302 W 53rd St N., Wichita, KS 67204Wood Product ManufacturingTerm Loan7.25%3/16/2026898.3 898.3 409.0 0.12 %
Evernook Valley Milk LLC(*,#,^)7448 Emmerson Rd, Everson, WA 98247Animal Production and AquacultureTerm Loan7.5%8/31/2042637.5 637.5 446.8 0.13 %
Excel RP Inc(*,#,^)6531 Park Ave, Allen Park, MI 48101Machinery ManufacturingTerm Loan8.25%8/30/202366.8 66.8 64.7 0.02 %
Excel RP Inc(*,#,^)6531 Park Ave, Allen Park, MI 48101Machinery ManufacturingTerm Loan8.25%3/25/202695.2 95.2 25.7 0.01 %
Excel RP, Inc./Kevin and Joann Foley(*,#)6531 Park Ave, Allen Park, MI 48101Machinery ManufacturingTerm Loan8.25%7/8/202832.4 32.4 31.4 0.01 %
Florida Apnea Diagnostics LLC(*,#,^)2664 Cypress Ridge Blvd Ste. 101 & 102 A, Wesley Chapel, FL 33544Ambulatory Health Care ServicesTerm Loan8.25%10/20/2027143.4 143.4 62.7 0.02 %
Frontier Sand LLC(*,#,^)305 Country Hwy AA, New Auburn, WI 54757Mining (except Oil and Gas)Term Loan8.25%11/30/2027463.6 463.6 319.8 0.09 %
Galaforo Construction and Companies LLC(*,#,^)1770 Stumpf Blvd, Terrytown, LA 70056Construction of BuildingsTerm Loan7.5%12/15/204212.1 12.1 11.1 0.00 %
GEM2K, LLC dba Precision Precast Group(*,#,^)4150 E Magnolia St, Phoenix, AZ 85034Miscellaneous ManufacturingTerm Loan8.25%5/19/2027140.4 140.4 23.8 0.01 %
Grand Manor Realty, Inc. & Kevin LaRoe(*,#)318 S. Halsted St, Chicago, IL 60661Real EstateTerm Loan6%2/20/202319.0 19.0 18.2 0.01 %
Graphics,Type and Color Enterprises Inc dba Clubflyers.com(*,#,^)2300 NW 7th Ave, Miami, FL 33127Printing and Related Support ActivitiesTerm Loan8.25%9/28/2041821.5 821.5 795.3 0.23 %
H.M.C, Incorporated(*,#,^)7190 Oakland Mills Rd Ste 10, Columbia, MD 21046Furniture and Related Product ManufacturingTerm Loan8.25%7/3/2028183.8 183.8 177.9 0.05 %
260
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hagerstown Muffler, Inc. and JMS Muffler, Inc(*,#)1390 Dual Hwy, Hagerstown, MD 21740Repair and MaintenanceTerm Loan8%9/24/204058.6 58.6 37.0 0.01 %
Harrelson Materials Management,Inc(*,#)1101 Russell Rd, Shreveport, LA 71107Waste Management and Remediation ServicesTerm Loan6%6/24/2021465.2 465.2 4.7 0.00 %
HDD Solutions, LLC(*,#)6550 Progress Parkway, Cedar Hill, MO 63016Heavy and Civil Engineering ConstructionTerm Loan8.25%12/31/2028552.8 552.8 336.6 0.10 %
HG Ventures, Inc. dba Diamond Head Trucking(*,#,^)100 Phoenix Drive, Finleyville, PA 15332Truck TransportationTerm Loan7.5%6/29/2030807.7 807.7 47.1 0.01 %
Home Again Restaurant LLC(*,#)9524 Camp Lake Rd, Salem, WI 53168Food Services and Drinking PlacesTerm Loan6.25%6/30/20400.4 0.4 0.4 0.00 %
Insight Vision Care, PC, CRMOD Lubbock, P.C., Vielm Vision Eyecare Inc(*,#,^)4899 Griggs Rd, Houston, TX 77021Ambulatory Health Care ServicesTerm Loan7.75%12/27/20431,084.6 1,084.6 222.9 0.07 %
J&K Fitness, LLC dba Physiques Womens Fitness Center(*,#)2505 Verot School Rd, Lafayette, LA 70508Amusement, Gambling, and Recreation IndustriesTerm Loan8%6/8/203614.6 14.6 9.2 0.00 %
J Olson Enterprises LLC and Olson Trucking Direct, Inc.(*,#)311 Ryan St, Holmen, WI 54636Truck TransportationTerm Loan6%6/28/2025628.4 628.4 40.6 0.01 %
J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value(*,#,^)640 Dubois St, Du Bois, PA 15801Building Material and Garden Equipment and Supplies Dealers Term Loan6%11/10/2026161.6 161.6 121.9 0.04 %
J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value(*,#,^)640 Dubois St, Dubois, PA 15801Building Material and Garden Equipment and Supplies Dealers Term Loan6%11/10/2041438.5 438.5 419.0 0.12 %
Jay Carlton's, LLC dba Jay Birds Rotisserie & Grill(*,#,^)24480 W 10 Mile RD, Southfield, MI 48033Food Services and Drinking PlacesTerm Loan6%1/4/202934.8 34.8 22.5 0.01 %
JN Thompson Ent,Inc.(*,#,^)400 5th Ave S Ste 100, Naples, FL 34102Construction of BuildingsTerm Loan7.75%12/7/2028329.7 329.7 39.8 0.01 %
JNP Delivery Inc(*,#,^)4500 North Providence # 7, Appleton, WI 54913Couriers and MessengersTerm LoanPrime plus 0%11/7/202747.5 47.5 46.4 0.01 %
JP Dhillon's Foods LLC(*,#,^)840 El Paseo de Saratoga, San Jose, CA 95130Food Services and Drinking PlacesTerm LoanPrime plus 0%6/1/202986.5 86.5 1.3 0.00 %
K Soles Corp dba Max Collections(*,#,^)3208 Oakcliff Industrial St, Doraville, GA 30340Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 0%3/16/202614.4 14.4 1.5 0.00 %
Kantz LLC and Kantz Auto LLC dba Kantz's Hometown Auto(*,#)200 West Adams St, Cochranton, PA 16314Motor Vehicle and Parts DealersTerm Loan6.25%10/29/203911.1 11.1 2.5 0.00 %
Kids at Heart,LLC dba Monster Mini Golf(*,#,^)10 Newbury St, Danvers, MA 1923Amusement, Gambling, and Recreation IndustriesTerm Loan6.75%9/22/202618.8 18.8 14.7 0.00 %
Kidtastic LLC dba The Little Gym of Audubon(*,#,^)2850 Audubon Drive, Audubon, PA 19403Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%7/27/202644.9 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 33411Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/23/202917.8 17.8 17.1 0.01 %
Kostekos Inc dba New York Style Pizza(*,#)10 South King St, Gloucester, NJ 8030Food Services and Drinking PlacesTerm Loan8%2/6/204061.9 61.9 28.1 0.01 %
LA Diner Inc dba Loukas L A Diner(*,#)3205 Route 22 East, Branchburg, NJ 8876Food Services and Drinking PlacesTerm Loan7.25%9/28/203792.8 92.8 67.0 0.02 %
261
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
LAN Doctors Inc(*,#)14 Pierson Court, Mahwah, NJ 7430Professional, Scientific, and Technical ServicesTerm Loan8.25%8/28/202559.8 59.8 58.5 0.02 %
LAN Doctors Inc(*,#,^)14 Pierson Court, Mahwah, NJ 7430Professional, Scientific, and Technical ServicesTerm Loan8.25%3/16/202643.4 43.4 36.3 0.01 %
Legacy Roof Contractors LLC(*,#,^)32091 Broken Branch Circle, Spanish Fort, AL 36527Specialty Trade ContractorsTerm Loan6%2/28/2044294.0 294.0 170.8 0.05 %
Lilo Holdings LLC(*,#,^)1000 Roosevelt Ave., Cartaret, NJ 7008Food Services and Drinking PlacesTerm Loan6%12/5/202611.6 11.6 3.7 0.00 %
Linqserv Inc.(*,#,^)1555 Lyell Ave, Rochester, NY 14606Transit and Ground Passenger TransportationTerm Loan7.5%11/9/2027264.0 264.0 22.2 0.01 %
Lowgap Grocery & Grill LLC(*,#,^)8773 West Pine St, Lowgap, NC 27024General Merchandise Stores Term Loan7.25%3/24/204148.0 48.0 20.3 0.01 %
M & H Pine Straw Inc and Harris L. Maloy(*,#)526 Perry House Rd, Fitzgerald, GA 31750Merchant Wholesalers, Nondurable Goods Term Loan7.5%3/21/2023197.4 197.4 59.4 0.02 %
M & H Pine Straw, Inc and Harris L. Maloy(*,#)526 Perry House Rd, Fitzgerald, GA 31750Support Activities for Agriculture and ForestryTerm Loan6%4/30/202044.6 44.6 43.6 0.01 %
M & H Pine Straw, Inc.and Harris Maloy(*,#)526 Perry House Rd, Fitzgerald, GA 31750Merchant Wholesalers, Nondurable Goods Term Loan7.5%7/10/202027.4 27.4 26.8 0.01 %
M & H Pinestraw, Inc. and Harris L. Maloy(*,#)526 Perry House Rd, Fitzgerald, GA 31750Merchant Wholesalers, Nondurable Goods Term Loan7.5%12/15/2021133.8 133.8 49.5 0.01 %
Magill Truck Line LLC and Jeff J. Ralls(*,#,^)211 West 53rd St N., Park City, KS 67204Truck TransportationTerm Loan7.25%3/11/2029183.5 183.5 82.7 0.02 %
Mariam Diner Inc dba Country Kitchen Restaurant(*,#,^)17393 Main St, Hesperia, CA 92345Food Services and Drinking PlacesTerm Loan8%3/18/202642.8 42.8 16.5 0.00 %
Marlin Lighting LLC(*,#,^)7207 B Lockport Pl, Lorton, VA 22079Specialty Trade ContractorsTerm Loan6%12/19/202890.9 90.9 89.0 0.03 %
Matchless Transportation LLC dba First Class Limo(*,#)31525 Aurora Rd # 5, Solon, OH 44139Transit and Ground Passenger TransportationTerm Loan6.25%5/31/2020119.2 119.2 12.4 0.00 %
MB Xpress Inc(*,#,^)159 D'Arcy Parkway, Lathrop, CA 95330Truck TransportationTerm Loan8.25%9/19/20281,110.1 1,110.1 — 0.00 %
Medeiros Holdings Inc dba Outdoor Lighting Perspectives of the Triad(*,#,^)780 S Peace Haven Rd, Winston Salem, NC 27103Electrical Equipment, Appliance, and Component ManufacturingTerm Loan7%11/25/202510.5 10.5 10.2 0.00 %
MIT LLC(*,#,^)11 North Peach ST., Medford, OR 97504Publishing Industries (except Internet)Term LoanPrime plus 2.75%3/31/204284.9 84.9 63.2 0.02 %
Mojo Brands Media, LLC(*,#)3260 University Blvd., Ste 100, Winter Park, FL 32792Broadcasting (except Internet)Term Loan6%8/28/2023725.0 725.0 114.0 0.03 %
Morris Glass and Construction Inc(*,#)40058 Hwy 30, Astoria, OR 97103Specialty Trade ContractorsTerm Loan15%10/1/2023365.9 365.9 188.5 0.06 %
MTV Bowl, Inc. dba Legend Lanes(*,#)4190 State Rd, Cuyahoga Falls, OH 44223Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%6/30/2036189.6 189.6 126.7 0.04 %
Murf & Sons LLC(*,#,^)3821 Pleasant Hill Rd, Store #B-107, Kissimmee, FL 34746Food Services and Drinking PlacesTerm LoanPrime plus 2.75%11/16/2027129.3 129.3 126.6 0.04 %
N Transport LLC(*,#,^)5348 W Brown Ave, Fresno, CA 93722Truck TransportationTerm Loan8%11/20/2027385.5 385.5 79.8 0.02 %
N Transport LLC(*,#,^)294 N. Fruit Ave, Fresno, CA 93706Truck TransportationTerm Loan8.25%11/20/2042175.3 175.3 143.3 0.04 %
262
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 43068Food Services and Drinking PlacesTerm Loan6%4/20/202812.7 12.7 12.4 0.00 %
Neville Galvanizing, Inc(*,#)2983 Grand Ave, Pittsburgh, PA 15225Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/15/2042235.7 235.7 — 0.00 %
North Country Transport, LLC(*,#,^)10 LaCrosse St, Ste 14, Hudson Falls, NY 12839Transit and Ground Passenger TransportationTerm Loan6%2/6/20234.9 4.9 4.8 0.00 %
Olsen Bros. Transportation, Inc. & Golden Spike Leasing, LLC(*,#,^)2520 Pennsylvania Ave, Ogden, UT 84401Truck TransportationTerm Loan8.25%6/20/2028513.2 513.2 53.3 0.02 %
P & M Entertainment, LLC dba Luv 2 Play(*,#,^)35 Lafayette Rd Ste #8, North Hampton, NH 3862Amusement, Gambling, and Recreation IndustriesTerm Loan6%5/10/202896.1 96.1 76.1 0.02 %
Panther Ironworks and Rigging Solutions LLC(*,#,^)1028 Washburn Switch Rd, Shelby, NC 28150Specialty Trade ContractorsTerm Loan6%11/10/2026112.7 112.7 75.4 0.02 %
Paragon Fabricators Inc, Paragon Field Services, Inc and Paragon Globa(*,#)412 and 500 Main St, La Marque, TX 77568Heavy and Civil Engineering ConstructionTerm Loan7%9/28/2026570.7 570.7 3.1 0.00 %
Paragon Global, LLC and Paragon Fabricators Inc and Paragon Field Serv(*,#,^)412 and 500 Main St, La Marque, TX 77568Heavy and Civil Engineering ConstructionTerm Loan7%9/28/2041110.1 110.1 48.7 0.01 %
Peter K Lee MD, PC dba Atlanta Primary Care(*,#,^)211 Roberson Mill Rd, Milledgeville, GA 31061Ambulatory Health Care ServicesTerm Loan8.25%9/13/2043859.6 859.6 823.3 0.24 %
Peter K Lee MD, PC dba Atlanta Primary Care LLC(*,#,^)5 Ashford Way, Hawkinsville, GA 31061Ambulatory Health Care ServicesTerm Loan8.25%9/13/2028381.0 381.0 364.9 0.11 %
Play4Fun dba Luv 2 Play(*,#,^)13722 Jamboree Rd, Irvine, CA 92602Amusement, Gambling, and Recreation IndustriesTerm Loan7.5%3/7/2028148.1 148.1 88.9 0.03 %
PLES Investements, LLC and John Redder, Pappy Sand & Gravel, Inc., T(*,#,^)2040 Dowdy Ferry, Dallas, TX 75218Specialty Trade ContractorsTerm Loan8.25%12/19/2038494.7 494.7 473.8 0.14 %
Top Cat Ready Mix, LLC, Ples Investments LLC, and Pappy's Sand and(*,#,^)13851 S State HWY 34, Scurry, TX 75158Specialty Trade ContractorsTerm Loan8.25%10/28/2025479.9 479.9 314.0 0.09 %
Providence Management Environmental, LLC, Tindol Energy Group, LLC(*,#,^)6570 W Hwy 67, Cleburne, TX 76033Waste Management and Remediation ServicesTerm LoanPrime plus 2.75%6/19/2029255.9 255.9 245.1 0.07 %
PS Camping Inc.(*,#,^)43595 US Hwy 50, Canon City, CO 81212AccommodationTerm Loan8.25%12/1/202718.2 18.2 17.4 0.01 %
PS Camping, Inc. dba Prospectors RV Resort(*,#,^)43659&43595 US Hwy 50, Canon City, CO 81212AccommodationTerm Loan8.25%5/19/2042227.3 227.3 217.7 0.06 %
Purely Seed LLC(*,#,^)11515 Lake Lane, Ste 102, Chisago, MN 55013Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 0%2/26/2028101.7 101.7 — 0.00 %
Ramjay Inc.(*,#,^)85 S. Bragg St Ste 303, Alexandria, VA 22312Transit and Ground Passenger TransportationTerm Loan8.25%1/13/2027375.6 375.6 81.6 0.02 %
Randall Miller Company, Inc and Boyz Transportation Services, LLC(*,#,^)256 Blackley Rd, Bristole, TN 37620Truck TransportationTerm Loan7.75%7/31/2029772.8 772.8 18.8 0.01 %
Recovery Boot Camp, LLC, Rule 62, Inc. and Healing Properties, LLC(*,#,^)85 SW 5th Ave, Delray Beach, FL 33444Ambulatory Health Care ServicesTerm Loan7.75%12/28/2028112.6 112.6 9.4 0.00 %
263
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Return to Excellence Inc(*,#,^)176 Country Club Drive, Waynesville, NC 28786Amusement, Gambling, and Recreation IndustriesTerm Loan8.25%1/27/202715.6 15.6 15.3 0.00 %
Return to Excellence, Inc. dba The Waynesville Inn Golf & Spa(*,#)176 Country Club Drive, Waynesville, NC 28786Amusement, Gambling, and Recreation IndustriesTerm Loan8%10/10/20391,154.0 1,154.0 1,129.4 0.33 %
RG Productions LLC(*,#,^)2414 W Battlefield Ste H, Springfield, MO 65807Rental and Leasing ServicesTerm LoanPrime plus 0%3/28/2029139.5 139.5 127.4 0.04 %
Rhone Wolf Vineyard LLC, Goldline Brands Inc. and Myka Cellars, Inc.(*,#,^)5245 Bucks Bar Rd, Placerville, CA 95667Beverage and Tobacco Product ManufacturingTerm Loan8.25%1/19/2030230.9 230.9 221.2 0.07 %
Roundhay Partners LLC and Roundhay Farming LLC(*,#,^)6160 Granite Spring Rd, Somerset, CA 95684Crop ProductionTerm Loan8.25%8/8/2042902.1 902.1 781.4 0.23 %
Rich's Food Stores LLC dba Hwy 55 of Wallace(*,#,^)611 East Southerland St, Wallace, NC 28466Food Services and Drinking PlacesTerm Loan8.25%9/14/202699.3 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 8620Food Services and Drinking PlacesTerm Loan6.25%9/30/2039279.5 279.5 33.5 0.01 %
Sanabi Investment, LLC dba Oscar's Moving and Storage(*,#,^)11421 N W 107th St, #13, Miami, FL 33178Truck TransportationTerm Loan7.5%6/20/202795.9 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 2882Food Services and Drinking PlacesTerm Loan8.25%12/27/2041413.0 413.0 197.9 0.06 %
SDA Holdings LLC and Les Cheveux Salon Inc(*,#,^)306 McClanahan St, Roanoke, VA 24014Personal and Laundry ServicesTerm Loan7.5%12/15/2040108.5 108.5 50.5 0.01 %
Select Propane & Fuel Inc. and Select Fuel & Convenience LLC(*,#)3822 State Route 3, Red Bud, IL 62278Merchant Wholesalers, Nondurable Goods Term Loan7.5%2/10/2030524.2 524.2 28.4 0.01 %
Shaffer Automotive Repair, LLC(*,#)1485 North McQueen Rd #1, Gilbert, AZ 85233Repair and MaintenanceTerm Loan7%5/24/2030132.8 132.8 38.7 0.01 %
Shane M. Howell and Buck Hardware and Garden Center, LLC(*,#)1007 Lancaster Pike, Quarryville, PA 17566Building Material and Garden Equipment and Supplies Dealers Term Loan7.5%12/27/2038113.4 113.4 11.5 0.00 %
Shining Star Kids, Inc. dba Brain Balance(*,#,^)17323 Ventura Blvd, Encino, CA 91316Educational ServicesTerm LoanPrime plus 0%1/7/202977.2 77.2 75.6 0.02 %
Smith and Son Plumbing, LLC(*,#,^)15922 Eldorado Parkway, Ste 500-1579, Frisco, TX 75035Specialty Trade ContractorsTerm Loan6%6/10/202976.0 76.0 34.1 0.01 %
Southside BBQ Corp(*,#,^)16032 South Hwy 16, Cherokee, TX 76832Food Services and Drinking PlacesTerm LoanPrime plus 0%1/25/202815.7 15.7 15.4 0.00 %
Sovereign Communications LLC(*,#)26 E 3 Mile Rd,, Sault Sainte Marie, MI 49783Broadcasting (except Internet)Term Loan6.75%2/7/2024627.4 627.4 118.1 0.03 %
Specialty Surgery Center, Inc.(*,#,^)5505 Peachtree Dunwoody Rd Stes 640,645, Atlanta, GA 30342Ambulatory Health Care ServicesTerm LoanPrime plus 0%6/28/20291,158.8 1,158.8 186.1 0.05 %
Street Magic Enterprise LLC dba New Lisbon Travel Mart(*,#,^)1700 East Bridge St, New Lisbon, WI 53950Gasoline Stations Term Loan7.5%11/7/2042419.0 419.0 139.8 0.04 %
Studio Find It Georgia Inc(*,#,^)3399 Peachtree Rd NE, Ste 400, Atlanta, GA 30326Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 0%5/13/202614.8 14.8 5.3 0.00 %
264
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Suncrest Stone Products LLC(*,#,^)341 County Farm Rd, Ashburn, GA 31714Nonmetallic Mineral Product ManufacturingTerm Loan7.25%8/29/2041608.6 608.6 116.1 0.03 %
Suncrest Stone Products LLC(*,#,^)341 County Farm Rd, Ashburn, GA 31714Nonmetallic Mineral Product ManufacturingTerm Loan7.5%8/29/2026535.4 535.4 129.7 0.04 %
T and B Boots Inc dba Takken's Shoes(*,#)72 South Main St, Templeton, CA 93465Clothing and Clothing Accessories Stores Term Loan7.25%12/7/202695.2 95.2 79.8 0.02 %
Tarver-Henley Inc. and Tar-Hen LLC(*,#,^)2125 College Ave, Jackson, AL 36545Building Material and Garden Equipment and Supplies Dealers Term Loan7.75%6/21/204297.8 97.8 49.7 0.01 %
The Jig, LLC(*,#,^)3115 Camp Phillips Rd, Wausau, WI 54403Food Services and Drinking PlacesTerm Loan8.25%10/24/204225.0 25.0 24.4 0.01 %
The Lake Shore Hospitality Inc dba Dowagiac Baymont Inn & Suites(*,#,^)29291 Amerihost Drive, Dowagiac, MI 49047AccommodationTerm Loan8.25%12/5/2041335.1 335.1 328.0 0.10 %
The Woods at Bear Creek LLC and Bear Creek Entertainment LLC dba The(*,#)3510 Bear Creek Rd, Franklinville, NY 14737AccommodationTerm Loan7%9/29/2039489.6 489.6 474.0 0.14 %
TX Superior Communications, LLC(*,#,^)6223 Krempen Ave, San Antonio, TX 78233Specialty Trade ContractorsTerm Loan8%3/19/202885.5 85.5 15.1 0.00 %
United States Plastic Equipment LLC(*,#,^)4447 OH-303, Mantua, OH 44255Merchant Wholesalers, Durable Goods Term Loan8.25%12/13/2028110.5 110.5 26.4 0.01 %
Victorian Restaurant and Tavern, LLC(*,#,^)226 Maple Ave, Cheshire, CT 6410Food Services and Drinking PlacesTerm Loan8.25%2/22/2042104.4 104.4 27.9 0.01 %
Webb Eye Associates, PA(*,#,^)1720 S W W White Rd, San Antonio, TX 78220Ambulatory Health Care ServicesTerm Loan7.25%7/19/202771.2 71.2 33.8 0.01 %
White Hawk Inc.(*,#,^)2101 Dr. Martin Luther King Jr. Blvd, Stockton, CA 95205Truck TransportationTerm Loan8.25%12/15/2026917.5 917.5 99.4 0.03 %
Wilban LLC(*,#,^)454 US Hwy 22, Whitehouse Station, NJ 8889Food Services and Drinking PlacesTerm Loan7.5%3/11/202644.2 44.2 43.7 0.01 %
Wilban LLC(*,#)454 US Hwy 22, Whitehouse Station, NJ 8889Food Services and Drinking PlacesTerm Loan7.25%3/28/2039238.6 238.6 103.5 0.03 %
Zeeba Company, Inc dba Zeeba Rent-A-Van & 5 Star Rent- A-Van(*,#,^)3200 Wilshire Blvd Ste 1000, Los Angeles, CA 90010Transit and Ground Passenger TransportationTerm Loan7.75%9/27/2028638.9 638.9 450.9 0.13 %
Zahmel Restaurant Suppliers Corp dba Cash & Carry;Zahners Hardware;Zan(*,#,^)33-51 11th St, Astoria, NY 11106Merchant Wholesalers, Nondurable Goods Term Loan8.25%4/28/202775.8 75.8 74.2 0.02 %
Total Unguaranteed Non-Accrual SBA Investments55,442.8 55,442.8 $29,418.5 8.67 %
Total Unguaranteed SBA Investments$420,399.9 $420,399.9 $407,747.9 120.15 %

265
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)

Lulubelle's Mountain Banana Bread LLC1063 Carousel Rd, Lake Arrowhead, CA 92352Food ManufacturingTerm LoanPrime plus 2.75%12/21/2045$750.0 $750.0 $848.0 0.25 %
Moon Group, Inc.145 Moon Rd, Chesapeake City, MD 21915Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 2.75%6/27/20293,385.0 3,385.0 3,634.3 1.07 %
Beau & HB Inc. dba Beau’s Billard, Bowling & Arcade100 Village Rd, Port Lavaca, TX 77979Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 2.75%3/16/2029113.0 113.0 122.0 0.04 %
Hackstaff Restaurants 248 W 1st. St Ste 201, Reno, NV 89501Food Services and Drinking PlacesTerm LoanPrime plus 2.75%7/15/2029426.0 426.0 461.0 0.14 %
American Pharmaceutical Innovation Company, LLC1425 Centre Circle, Downers Grove, IL 60515Chemical ManufacturingTerm LoanPrime plus 2.75%3/28/202745.2 45.2 45.2 0.01 %
Matrix Z LLC800 SW 21st Terrace, Ft Lauderdale, FL 33312Nonmetallic Mineral Product ManufacturingTerm LoanPrime plus 6.5%2/27/202911.1 11.1 11.1 — %
Rello Inc.8063 Jericho Turnpike, Woodbury, NY 11797Personal and Laundry ServicesTerm LoanPrime plus 6.5%4/17/20295.4 5.4 5.4 — %
2Choice2Friends LLC901 W Braker Lane, Austin, TX 78758Food Services and Drinking PlacesTerm LoanPrime plus 6.5%4/17/202911.3 11.3 11.3 — %
NYM Solutions Inc.12150 SW 128th St CT Ste 209, Miami, FL 33186Insurance Carriers and Related ActivitiesTerm LoanPrime plus 6.5%5/6/202911.3 11.3 11.3 — %
Crystal Cleaning Service 26 Cooper Rd, Byhalia, MS 38611Administrative and Support ServicesTerm LoanPrime plus 6.5%5/9/20299.1 9.1 9.1 — %
Clowers Trucking by Faith LLC705 E Brookwood PL, Valdosta, GA 31601Truck TransportationTerm LoanPrime plus 6.5%5/23/202911.2 11.2 11.2 — %
MCM Design LLC5926 Vinings Vintage Way, Mableton, GA 30126Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%5/23/20298.8 8.8 8.8 — %
Still Photography195 Terrace Place, Apt. 2, Brooklyn, NY 11218Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%6/6/202911.4 11.4 11.4 — %
Archer Cleaners Inc.1514 W. 33rd St, Chicago, IL 60608Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/10/202911.4 11.4 11.4 — %
Law Office of Paula Padilla PLLC2211 E Highland Ave Ste 130, Phoenix, AZ 85016Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%6/13/20294.6 4.6 4.6 — %
Bonadi Inc.9858 W Sample Rd, Coral Springs, FL 33065Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/17/202911.4 11.4 11.4 — %
Campuscuts LLC930 Robtrice Ct, Edmond, OK 73430Personal and Laundry ServicesTerm LoanPrime plus 6.5%6/21/20296.8 6.8 6.8 — %
Port Diesel LLC3212 Alex Trask Drive, Castle Hayne, NC 28429Repair and MaintenanceTerm LoanPrime plus 6.5%6/21/202911.4 11.4 11.4 — %
Menshka Inc.88 High St, Mountclair, NJ 07042Ambulatory Health Care ServicesTerm LoanPrime plus 6.5%7/10/202911.5 11.5 11.5 — %
The Bean Coffee Company, LLC112 South Main St, Spring Hill, KS 66083Food Services and Drinking PlacesTerm LoanPrime plus 6.5%7/17/202911.5 11.5 11.5 — %
Lawrence Adeyemo & Co LLC209-34 112 Ave, Queens Village, NY 11429Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%7/19/20299.2 9.2 9.2 — %
Gradstreet LLC2437 Corinth Ave Apt 130, Los Angeles, CA 90064Nonstore Retailers Term LoanPrime plus 6.5%7/30/20297.3 7.3 7.3 — %
A&S Services LLC3888 Lightner Rd, Vandalia, OH 45377Food Services and Drinking PlacesTerm LoanPrime plus 6.5%8/7/202911.5 11.5 11.5 — %
266
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Crystal Clear Accounting34099 Tuscan Creek Way, Temecula, CA 92592Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%8/26/20292.9 2.9 2.9 — %
Doghouse Sport Fishing Charters Inc.83413 Overseas Hwy, Islamorada, FL 33036Scenic and Sightseeing TransportationTerm LoanPrime plus 6.5%8/30/202911.5 11.5 11.5 — %
No Push Back LLC2223 Dungan Ave, Bensalem, PA 19020Personal and Laundry ServicesTerm LoanPrime plus 6.5%8/30/202911.2 11.2 11.2 — %
Softcare247 LLC4191 Naco Perrin Blvd, San Antonio, TX 78217Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%9/11/202911.8 11.8 11.8 — %
Host Marketing LLC206 Bell Lane, Ste B, West Monroe, LA 71291Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%9/18/202911.6 11.6 11.6 — %
Standard Real Estate Services LLC500 West Silver Spring Drive, Ste K 200,, Glendale, WI 53217Real EstateTerm LoanPrime plus 6.5%9/19/202911.6 11.6 11.6 — %
Bargain Store107 Tabernacle Church Rd, Candor, NC 27229General Merchandise Stores Term LoanPrime plus 6.5%10/11/202911.6 11.6 11.6 — %
Powerlift Dumbwaiters Inc.2444 Georgia Slide Rd, Georgetown, CA 95634Machinery ManufacturingTerm LoanPrime plus 6.5%10/16/202911.3 11.3 11.3 — %
Pine Mountain Residential LLC10240 Cosmopolitan Circle, Parker, CO 80134Specialty Trade ContractorsTerm LoanPrime plus 6.5%10/16/202911.6 11.6 11.6 — %
James Clark and Company Inc.8885 Haven Ave, Ste 120, Rancho Cucamonga, CA 91730Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%10/22/202911.6 11.6 11.6 — %
Deer Valley Sport Shop LLC507 Bamboo Rd, Boone, NC 28607Amusement, Gambling, and Recreation IndustriesTerm LoanPrime plus 6.5%11/7/202912.0 12.0 12.0 — %
Sean McNamara5639 Wood Lane, Allentown, PA 18106Nonstore Retailers Term LoanPrime plus 6.5%11/14/202911.7 11.7 11.7 — %
The Pinnacle Group105 Springside Drive, Akron, OH 44333Social AssistanceTerm LoanPrime plus 6.5%11/14/202911.7 11.7 11.7 — %
Pen’s Electric Company, Inc504 Fairfax Ave, Nashville, TN 37212Specialty Trade ContractorsTerm LoanPrime plus 6.5%11/21/202911.9 11.9 11.9 — %
Standard Capital Corp. 2349 Wessington Drive, Virginia Beach, VA 23456Insurance Carriers and Related ActivitiesTerm LoanPrime plus 6.5%12/5/202911.8 11.8 11.8 — %
Scott’s Hardware Inc200 Tuckerton Rd, Medford, NJ 8055Building Material and Garden Equipment and Supplies Dealers Term LoanPrime plus 6.5%12/6/202911.8 11.8 11.8 — %
HADD Corp364 Rugby Rd, Cedarhurst, NY 11516Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/17/202911.8 11.8 11.8 — %
La Tradicion Cubana Inc.9357 S.W. 40th St, Miami, FL 33165Miscellaneous Store RetailersTerm LoanPrime plus 6.5%12/20/202911.8 11.8 11.8 — %
This is a Fly Closet LLC  12408 Kingsview St, Bowie, MD 20721Clothing and Clothing Accessories Stores Term LoanPrime plus 6.5%1/30/203011.8 11.8 11.8 — %
2 N 1 Home and Lawn LLC1300 Ridenour Blvd, Kennesaw, GA 30152Administrative and Support ServicesTerm LoanPrime plus 6.5%2/3/203011.9 11.9 11.9 — %
All Modes Transportation and Logistics4313 Collingtree Drive, Rockledge, FL 32955Support Activities for TransportationTerm LoanPrime plus 6.5%2/14/203011.9 11.9 11.9 — %
 Green Farm Inc. 1018 W SR 424 Ste 100, Longwood, FL 32750Food and Beverage Stores Term LoanPrime plus 6.5%11/19/203012.5 12.5 12.5 — %
267
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
 Caraniologie LLC 225 Wall St, Ste 102A, Vail, CO 81657General Merchandise Stores Term LoanPrime plus 6.5%11/20/203012.5 12.5 12.5 — %
 Kendra Leigh Boyer CPA 5068 Dupont Court E, Santa Rosa, CA 95409Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%11/20/203012.5 12.5 12.5 — %
 Flex Beauty Labs LLC   7512 Dr. Phillip Blvd, Orlando, FL 32819Merchant Wholesalers, Nondurable Goods Term LoanPrime plus 6.5%11/24/203012.5 12.5 12.5 — %
 Dearly Loved Counseling LLC   14052 N Dale Mabry Hwy, Ste 215, Tampa, FL 33618Social AssistanceTerm LoanPrime plus 6.5%11/24/203012.5 12.5 12.5 — %
Diane's Accounting Service119 E Haywood St, England, AR 72046Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/3/203012.5 12.5 12.5 — %
Combs Creative LLC157 Antler Ridge Circle,, Nashville, TN 37214Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/4/20305.5 5.5 5.5 — %
Travel with Love, LLC8465 W Sahara Ave, Ste 111, Las Vegas, NV 89117Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/4/20305.0 5.0 5.0 — %
R. JOHNSON CRAFTSMANSHIP346 Spring Garden Rd, Milford, NJ 8848Specialty Trade ContractorsTerm LoanPrime plus 6.5%12/4/203010.0 10.0 10.0 — %
Jamali LLC2741 Raceway Fairfield West, Pensacola, FL 32505Food Services and Drinking PlacesTerm LoanPrime plus 6.5%12/11/203012.5 12.5 12.5 — %
Donald W. Harris1625 US-59 N, Linden, TX 75563Warehousing and StorageTerm LoanPrime plus 6.5%12/11/203012.5 12.5 12.5 — %
David Benson LLC1422 Euclid Ave, Cleveland, OH 44115Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/16/203012.5 12.5 12.5 — %
Savannah Area Language & Culture Exchange, LLC6 Dovetail Crossing, Savannah, GA 31419Educational ServicesTerm LoanPrime plus 6.5%12/16/203012.5 12.5 12.5 — %
Vege Investments, LLC26400 SW 177th Ave, Homestead, FL 33031Gasoline Stations Term LoanPrime plus 6.5%12/16/203012.5 12.5 12.5 — %
ASIL Ventures, LLC444 N Michigan Ave, Ste 1200, Chicago, IL 60611Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/22/20304.3 4.3 4.3 — %
SPECTRUM DYNAMICS, INC27727 Dalton Bluff Court, Katy, TX 77494Professional, Scientific, and Technical ServicesTerm LoanPrime plus 6.5%12/23/203012.5 12.5 12.5 — %
Pittman Holdings LLC DBA Maple Bourbon1116 E Main St, Richmond, VA 23219Food Services and Drinking PlacesTerm LoanPrime plus 6.5%12/23/203012.5 12.5 12.5 — %
KCL Business Service Inc1042 San Fernando Rd., San Fernando, CA 91340Performing Arts, Spectator Sports, and Related IndustriesTerm LoanPrime plus 6.5%12/23/203012.5 12.5 12.5 — %
Chris' Angels Cleanning Service LLC2090 Dunwoody Club Drive, Sandy Springs, GA 30350Administrative and Support ServicesTerm LoanPrime plus 6.5%12/23/203012.5 12.5 12.5 — %
Tiki Torch Liquors101 Dallas St., Talihima, OK 74571Food and Beverage Stores Term LoanPrime plus 6.5%12/23/203012.5 12.5 12.5 — %
AJN Innocations LLC6704 Main St, Miami Lakes, FL 33014Food Services and Drinking PlacesTerm LoanPrime plus 2.75%2/15/2031329.5 329.5 365.0 0.11 %
The Cow Harbor Beer Company19 Scudder Ave, Northport, NY 11768Beverage and Tobacco Product ManufacturingTerm LoanPrime plus 2.75%2/11/2031878.2 878.2 972.6 0.29 %
NJ Floats327 Route 202/206, Bedminster Township, NJ 7921Computer and Electronic Product ManufacturingTerm LoanPrime plus 2.75%2/12/2046437.0 437.0 494.9 0.15 %
268
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Kuros LLC dba Alexander Lake Lodge21221 Baron Lake Drive, Cedaredge, CO 81413AccommodationTerm LoanPrime plus 2.75%11/19/2045246.8 246.8 279.2 0.08 %
Emmalina LLC3602 Rock Bay Drive, Louisville, KY 40245Food Services and Drinking PlacesTerm LoanPrime plus 2.75%5/21/203034.9 34.9 38.5 0.01 %
Sherwood Sporthorses Inc. 20502 Forestview, Magnolia, TX 77355Personal and Laundry ServicesTerm LoanPrime plus 2.75%5/21/2046615.9 615.9 698.3 0.21 %
Chet Lemon Enterprises1544 Lane Park Cut off, Tavares, FL 32778Personal and Laundry ServicesTerm LoanPrime plus 2.75%3/3/2031622.0 622.0 688.9 0.20 %
Jones Roger Shermann Inn Inc.195 Oenoke Ridge, New Canaan, CT 6840Food Services and Drinking PlacesTerm LoanPrime plus 2.75%6/4/203086.3 86.3 95.3 0.03 %
The Hall at the Yard1412 Alden Rd, Orlando, FL 32803Food Services and Drinking PlacesTerm LoanPrime plus 2.75%4/2/2031761.6 761.6 846.4 0.25 %
Edel Family Management Corp2207 Coney Island Ave, Brooklyn, NY 11223PPPTerm Loan1.0%4/30/202239.2 39.2 39.2 0.01 %
The Rabbi Grafman Endowment Fund for Temple Emanu-El2100 Highland Ave South, Birmingham, AL 35205PPPTerm Loan1.0%4/30/20223.0 3.0 3.0 — %
Surf Cup Sports2037 Park Dale Ln, Encinitas, CA 92024PPPTerm Loan1.0%4/30/202219.0 19.0 19.0 0.01 %
AM House22322 Burton St, Canoga Park, CA 91304PPPTerm Loan1.0%4/30/20227.7 7.7 7.7 — %
Eat Here LLC500 S Main St, Las Vegas, NV 89101PPPTerm Loan1.0%4/30/20224.8 4.8 4.8 — %
Masood A. Rizvi, MD.900 Pompton Ave, Ste B-1, Cedar Grove, NJ 7009PPPTerm Loan1.0%4/30/20223.8 3.8 3.8 — %
Casetabs3333 Michelson Dr, Ste 240, Irvine, CA 92612PPPTerm Loan1.0%4/30/202238.5 38.5 38.5 0.01 %
James D. Paliwoda, A Law Corporation1000 Lakes Dr, Ste 230, West Covina, CA 91790PPPTerm Loan1.0%4/30/202212.3 12.3 12.3 — %
Medical Review Service13400 Marsh Landing, West Palm Beach, FL 33418PPPTerm Loan1.0%4/30/202231.3 31.3 31.3 0.01 %
North Carolina Custom Modulars, LLC1936 US-64, Murphy, NC 27203PPPTerm Loan1.0%4/30/20227.8 7.8 7.8 — %
Thrive TC LLC4888 Town Center Pkwy, Ste 106, Jacksonville, FL 32246PPPTerm Loan1.0%5/4/20225.5 5.5 5.5 — %
Kenco Inc774 Mays Blvd, Ste 10-574, Incline Village, NV 89451PPPTerm Loan1.0%5/4/20222.4 2.4 2.4 — %
Glynwood Center, Inc.362 Glynwood Rd, Cold Spring, NY 10516PPPTerm Loan1.0%5/4/202230.3 30.3 30.3 0.01 %
San Basilio, LLC12305 SW 38th St, Ocala, FL 34481PPPTerm Loan1.0%5/4/20222.5 2.5 2.5 — %
Stephen Binder DDS3900 W Fullerton Ave, Chicago, IL 60647PPPTerm Loan1.0%5/4/20223.0 3.0 3.0 — %
Mto Summerlin10970 Rosemary Park Drive, Ste #100, Las Vegas, NV 89135PPPTerm Loan1.0%5/4/20224.8 4.8 4.8 — %
Asthma & Allergy Medical Care, P.C.68 Nassau Rd, Huntington, NY 11743PPPTerm Loan1.0%5/4/202216.1 16.1 16.1 — %
269
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
SK8CLICK INC17062 Westport Dr, Huntington Beach, CA 92649PPPTerm Loan1.0%5/4/20221.9 1.9 1.9 — %
Provino's South, Inc.14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%5/5/202218.2 18.2 18.2 0.01 %
Kore Surgical Inc26636 Fond Du Lac Rd, Rancho Palos Verdes, CA 90275PPPTerm Loan1.0%5/5/20228.0 8.0 8.0 — %
Buddy's Towing830 Birch St, Daytona Beach, FL 32117PPPTerm Loan1.0%5/5/20224.0 4.0 4.0 — %
EON.AI LLC3401 North Miami Ave, Ste 211, Miami, FL 33127PPPTerm Loan1.0%5/5/20222.5 2.5 2.5 — %
Superior Property Solutions7009 E Country Highlands Dr, Floral City, FL 34436PPPTerm Loan1.0%5/5/20222.5 2.5 2.5 — %
WHO Insurance Agency Inc708 6th Ave SE #A, Decatur, AL 35601PPPTerm Loan1.0%5/5/20220.9 0.9 0.9 — %
Ventum LLC2775 South Hwy 40, Ste 4, Heber City, UT 84032PPPTerm Loan1.0%5/5/20228.1 8.1 8.1 — %
MacLeod and Company3161 Michelson Dr, Irvine, CA 92612PPPTerm Loan1.0%5/5/20227.5 7.5 7.5 — %
Dance Daly Studio, LLC24000 Alicia Parkway, #33, Mission Viejo, CA 92691PPPTerm Loan1.0%5/5/20225.2 5.2 5.2 — %
Julius Schwarz LLC50 Pascack Rd, Hillsdale, NJ 7642PPPTerm Loan1.0%5/5/20224.0 4.0 4.0 — %
West & East Art Group9 N Moore St, New York, NY 10013PPPTerm Loan1.0%5/5/20223.3 3.3 3.3 — %
Soudan Metals Co319 W 40th Pl, Chicago, IL 60609PPPTerm Loan1.0%5/5/202264.3 64.3 64.3 0.02 %
American Showcase Modulars, LLC6281 US-29, Blairs, VA 24527PPPTerm Loan1.0%5/5/20226.7 6.7 6.7 — %
Swirnow Capital Management Corp500 Harborview Drive, Third Floor, Baltimore, MD 21230PPPTerm Loan1.0%5/5/202210.0 10.0 10.0 — %
acaso master fund llc6710 Benjamin Rd, Ste 100, Tampa, FL 33634PPPTerm Loan1.0%5/6/20220.7 0.7 0.7 — %
GMS Racing LLC1980 Festival Plaza Dr, Ste 770, Las Vegas, NV 89135PPPTerm Loan1.0%5/6/2022130.0 130.0 130.0 0.04 %
D Bober LLC dba the Public Private Network445 Hamilton Ave, Ste 1102, White Plains, NY 10601PPPTerm Loan1.0%5/6/20222.8 2.8 2.8 — %
Ntrepid LLC12801 Worldgate Dr, Ste 800, Herndon, VA 20170PPPTerm Loan1.0%5/6/2022720.2 720.2 720.2 0.21 %
South Bay Cable54125 Maranatha Dr, Idyllwild, CA 92549PPPTerm Loan1.0%5/6/202280.4 80.4 80.4 0.02 %
Basic L Corporation dba Action Industries1120 Olympic Dr, Corona, CA 92881PPPTerm Loan1.0%5/7/202243.1 43.1 43.1 0.01 %
Fernway Solutions Inc.34 Tidal Way, San Mateo, CA 94401PPPTerm Loan1.0%5/7/20223.8 3.8 3.8 — %
KJM Medical, LLC3012 Pinehurst Dr., Montgomery, AL 36111PPPTerm Loan1.0%5/7/20221.0 1.0 1.0 — %
270
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Nolan Construction10 Fairway Drive, Deerfield Beach, FL 33441PPPTerm Loan1.0%5/7/20222.1 2.1 2.1 — %
Care Values, Inc.1905 Woodstock Rd, Ste 1250, Roswell, GA 30075PPPTerm Loan1.0%5/7/202214.1 14.1 14.1 — %
Fried Chicken Kitchen LLC1750 Market St, San Francisco, CA 94102PPPTerm Loan1.0%5/7/202242.7 42.7 42.7 0.01 %
Playback, Inc.17 Ridge Ave, Natick, MA 1760PPPTerm Loan1.0%5/7/20224.7 4.7 4.7 — %
Conglomerated Hosts, LTD14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%5/8/202212.7 12.7 12.7 — %
David A Beach, DMD, MS, PA27605 Cashford Circle, Ste 101, Wesley Chapel, FL 33544PPPTerm Loan1.0%5/8/20226.6 6.6 6.6 — %
Fleming Island Dental Care1590 Island Ln, Ste 12, Fleming Island, FL 32003PPPTerm Loan1.0%5/8/20226.9 6.9 6.9 — %
Dominion Glass & Mirror Inc.14707-B Willard Rd, Chantilly, VA 20151PPPTerm Loan1.0%5/8/202220.4 20.4 20.4 0.01 %
Allergy & Asthma Associates of Murray Hill, P.C.35 E 35th St, Ste 202, New York, NY 10016PPPTerm Loan1.0%5/8/202217.1 17.1 17.1 0.01 %
Jeff O. Gonzalez, M.D., P.A.2140 W 68th St, Ste 300, Hialeah, FL 33016PPPTerm Loan1.0%5/11/20222.1 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 Pediatrics556 Eagle Rock Ave, Ste 106, Roseland, NJ 7068PPPTerm Loan1.0%5/11/202212.8 12.8 12.8 — %
Sweet Dreams480 Mondi Dr, Woodstock, GA 30188PPPTerm Loan1.0%5/11/20225.0 5.0 5.0 — %
Legg's Welding Inc.5871 Clay Hwy, Bickmore, WV 25019PPPTerm Loan1.0%5/11/20229.5 9.5 9.5 — %
Drobu Media1010 Brickell Ave Unit 4105, Miami, FL 33131PPPTerm Loan1.0%5/11/20222.1 2.1 2.1 — %
Urban Clarity13 S Elliott Pl, Brooklyn, NY 11217PPPTerm Loan1.0%5/11/20222.1 2.1 2.1 — %
Scott Zucker P.A.633 S Andrews Ave, #203, Fort Lauderdale, FL 33301PPPTerm Loan1.0%5/11/20221.0 1.0 1.0 — %
Landmark IV Realty Inc.3990 Sheridan St, Ste 105, Hollywood, FL 33021PPPTerm Loan1.0%5/11/20220.9 0.9 0.9 — %
Leader, Leader & Zucker, PLLC633 S Andrews Ave, #201, Fort Lauderdale, FL 33301PPPTerm Loan1.0%5/11/20225.0 5.0 5.0 — %
Therapeutic Equestrian Center Inc115 Stonecrop Lane, Cold Spring, NY 10516PPPTerm Loan1.0%5/11/20226.5 6.5 6.5 — %
Rodney and Bernstein P.A.1925 Brickell Ave, Ste D-207, Miami, FL 33129PPPTerm Loan1.0%5/11/202217.1 17.1 17.1 0.01 %
Tyler Pidgeon Sole Proprietor10200 Sporting Club Drive, Raleigh, NC 27617PPPTerm Loan1.0%5/11/20220.9 0.9 0.9 — %
Altea Group LLC4510 Cheltenham Dr, Bethesda, MD 20814PPPTerm Loan1.0%5/12/20221.2 1.2 1.2 — %
271
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Temple Emanu-El2100 Highland Ave, Birmingham, AL 35205PPPTerm Loan1.0%5/12/202228.0 28.0 28.0 0.01 %
American Automotive Aftermarket Inc.50 Dunham Rd, Billerica, MA 1821PPPTerm Loan1.0%5/12/202222.0 22.0 22.0 0.01 %
Stanton Schwartz Design Group LLC346 Congress St, #201, Boston, MA 2210PPPTerm Loan1.0%5/12/20220.6 0.6 0.6 — %
Ernst Architect, PLLC177 W Broadway, 3rd Floor, New York, NY 10013PPPTerm Loan1.0%5/12/202217.6 17.6 17.6 0.01 %
Dental Designs of Fort Myers, LLC3220 Forum Blvd, #104, Fort Myers, FL 33905PPPTerm Loan1.0%5/12/202234.8 34.8 34.8 0.01 %
RX Psychological Services, LLC5300 McNutt Rd, Ste 12, Santa Teresa, NM 88008PPPTerm Loan1.0%5/12/20222.1 2.1 2.1 — %
KKAP El Sereno Laundry, LLC4899 Huntington Drive North, Los Angeles, CA 90032PPPTerm Loan1.0%5/12/20221.8 1.8 1.8 — %
KTF Consulting2471 N Geneva Terrace, Chicago, IL 60614PPPTerm Loan1.0%5/12/20223.3 3.3 3.3 — %
HL Group Inc.16690 Swingley Ridge Rd, Ste 100, Chesterfield, MO 63017PPPTerm Loan1.0%5/13/202216.0 16.0 16.0 — %
Child Welfare League of America Inc.727 15th St NW, Ste 1200, Washington, DC 20005PPPTerm Loan1.0%5/13/202220.0 20.0 20.0 0.01 %
Gray Global Advisors, LLC300 New Jersey Ave NW, 9th Floor, Washington, DC 20001PPPTerm Loan1.0%5/13/20228.1 8.1 8.1 — %
OrtenB Software519 Lori Drive, Benicia, CA 94510PPPTerm Loan1.0%5/13/20220.8 0.8 0.8 — %
Z Valet, Inc.4221 Wilshire blvd, Ste 170-11, Los Angeles, CA 90010PPPTerm Loan1.0%5/13/202233.9 33.9 33.9 0.01 %
Quality Pool Management161 Rombout Rd, Poughkeepsie, NY 12603PPPTerm Loan1.0%5/13/20226.4 6.4 6.4 — %
Weisner Steel Products77 Moraga Way, Ste F, Orinda, CA 94563PPPTerm Loan1.0%5/13/202224.2 24.2 24.2 0.01 %
Myrna Casta1801 Century Park E, Ste 1100, Los Angeles, CA 90067PPPTerm Loan1.0%5/13/20221.8 1.8 1.8 — %
Fairview Ford Sales, Inc.292 N G St, San Bernardino, CA 92410PPPTerm Loan1.0%5/13/2022143.9 143.9 143.9 0.04 %
Deep Ellum Art Co.3200 Commerce St, Dallas, TX 75226PPPTerm Loan1.0%5/14/20228.0 8.0 8.0 — %
Stress Analysis Services, Inc.3920 Ira Rd, Akron, OH 44333PPPTerm Loan1.0%5/14/202219.0 19.0 19.0 0.01 %
Sun Cloud Holdings LLC65 Hemlock Ln, Highland Park, IL 60035PPPTerm Loan1.0%5/14/20220.8 0.8 0.8 — %
Retrotope, Inc.4300 El Camino Real, Ste 201, Los Altos, CA 94022PPPTerm Loan1.0%5/14/202228.3 28.3 28.3 0.01 %
Mastermind Alliance Wealth Solutions Inc.5271 Arnica Way, Santa Rosa, CA 95403PPPTerm Loan1.0%5/14/20220.1 0.1 0.1 — %
272
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Ashford AFH15527 Burke Ave N, Shoreline, WA 98133PPPTerm Loan1.0%5/14/202217.3 17.3 17.3 0.01 %
Meredith Ward Fine Art, Inc.44 East 74th St., Ste G, New York, NY 10021PPPTerm Loan1.0%5/14/20223.2 3.2 3.2 — %
Tuckahoe Animal Hospital PLLC20 Depot Square, Tuckahoe, NY 10707PPPTerm Loan1.0%5/14/202214.0 14.0 14.0 — %
Melbourne United Laser Vision1478 Highland Ave, Ste A, Melbourne, FL 32935PPPTerm Loan1.0%5/14/20227.6 7.6 7.6 — %
Martin Medical Group4422 N 75th St, Unit 4012, Scottsdale, AZ 85251PPPTerm Loan1.0%5/14/20221.7 1.7 1.7 — %
Dalva Bros Inc.53 E 77th St, New York, NY 10075PPPTerm Loan1.0%5/14/20228.5 8.5 8.5 — %
D. R. Horne & Company117 Mercer St, Princeton, NJ 8540PPPTerm Loan1.0%5/14/20224.1 4.1 4.1 — %
Uniglobal Pension Planning, Inc.4114 Legato Rd, Ste 300, Fairfax, VA 22033PPPTerm Loan1.0%5/15/202214.4 14.4 14.4 — %
Dominic Orfitelli, LLC7101 Elizabeth Dr, McLean, VA 22101PPPTerm Loan1.0%5/15/20223.1 3.1 3.1 — %
James Hundshamer CPA223 S Glendora Ave, Glendora, CA 91741PPPTerm Loan1.0%5/15/20227.0 7.0 7.0 — %
Grossman LLP745 5th Ave, Ste 500, New York, NY 10151PPPTerm Loan1.0%5/15/20227.1 7.1 7.1 — %
Temecula Hot Yoga, LLC DBA Hot Yoga Healthy You31773 Temecula Pkwy, Temecula, CA 92592PPPTerm Loan1.0%5/15/20221.7 1.7 1.7 — %
Alpine Metal Products, Inc.2000 St John St, Easton, PA 18042PPPTerm Loan1.0%5/15/202225.0 25.0 25.0 0.01 %
Ranco Construction LLC2 Coleman Ct, Southampton, NJ 8088PPPTerm Loan1.0%5/15/202252.9 52.9 52.9 0.02 %
Rumi K. Lakha D.O., Inc.7136 Pacific Blvd, Ste 225, Huntington Park, CA 90255PPPTerm Loan1.0%5/15/202221.7 21.7 21.7 0.01 %
Chatham Pathology and Associates5353 Reynolds St, Savannah, GA 31405PPPTerm Loan1.0%5/15/202216.8 16.8 16.8 — %
Kevin C. McWilliams225 W 35th St 14th Floor, New York, NY 10001PPPTerm Loan1.0%5/15/20223.0 3.0 3.0 — %
Timothy G Greco, MD A Prof Corp1260 Crestview Drive, Fullerton, CA 92833PPPTerm Loan1.0%5/15/20223.4 3.4 3.4 — %
F T Brooks Inc.1206 Powhatan St, Alexandria, VA 22314PPPTerm Loan1.0%5/15/20222.1 2.1 2.1 — %
3 Options Consulting2215 Palmer Pl, Tustin, CA 92782PPPTerm Loan1.0%5/15/20224.9 4.9 4.9 — %
Marti E. Peck PhD3990 Old Town Ave, Ste B100, San Diego, CA 92110PPPTerm Loan1.0%5/15/20222.3 2.3 2.3 — %
Brookhollow Management Company151 Kalmus Drive, F-1, Costa Mesa, CA 92626PPPTerm Loan1.0%5/15/202230.6 30.6 30.6 0.01 %
Mayer Fayes18800 NE 29th Ave., Apt 114, Aventura, FL 33180PPPTerm Loan1.0%5/15/20220.6 0.6 0.6 — %
Richard C. Watts, Inc.1602 E 4th St, Santa Ana, CA 92701PPPTerm Loan1.0%5/18/20226.1 6.1 6.1 — %
273
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Paradise Shutters Inc4353 Canton CT, Gulf Breeze, FL 32563PPPTerm Loan1.0%5/18/20222.4 2.4 2.4 — %
M&A Services320 East 53rd St, New York, NY 10022PPPTerm Loan1.0%5/18/202212.6 12.6 12.6 — %
BEACHES JET SET PETS INC949 12th Ave South, Jacksonville Beach, FL 32250PPPTerm Loan1.0%5/18/20229.5 9.5 9.5 — %
Hotel Cheval, LLC1021 Pine St, Paso Robles, CA 93446PPPTerm Loan1.0%5/18/202217.5 17.5 17.5 0.01 %
Kohcoon LLC4060 Woodridge Rd, Miami, FL 33133PPPTerm Loan1.0%5/18/20222.9 2.9 2.9 — %
Leader & Leader P.A.633 S Andrews Ave, #201, Fort Lauderdale, FL 33301PPPTerm Loan1.0%5/18/20222.3 2.3 2.3 — %
Michael J Scherb DMD PA2143 South Us Hwy 1, Jupiter, FL 33477PPPTerm Loan1.0%5/18/202214.2 14.2 14.2 — %
McGee Media LLC156 Katonah Ave., Ste #202, Katonah, NY 10536PPPTerm Loan1.0%5/18/2022106.0 106.0 106.0 0.03 %
te Neues Publishing Company LP350 7th Ave, Ste 301, New York, NY 10001PPPTerm Loan1.0%5/18/202212.1 12.1 12.1 — %
South City Construction1111 Rancho Conejo Blvd, #205, Newbury Park, CA 91320PPPTerm Loan1.0%5/18/202224.0 24.0 24.0 0.01 %
Elixir Corporation305 Shawnee North Drive, Ste 250, Suwanee, GA 30024PPPTerm Loan1.0%5/18/202211.3 11.3 11.3 — %
Olivenhain Capital Partners3521 Fortuna Ranch Rd, Encinitas, CA 92024PPPTerm Loan1.0%5/18/20225.4 5.4 5.4 — %
Roselle-Stacy, Inc.204 Sinclair Pl, Westfield, NJ 7090PPPTerm Loan1.0%5/18/20221.3 1.3 1.3 — %
Lisa Stransky Real Estate LLC10000 Falls Rd, Ste 300, Potomac, MD 20854PPPTerm Loan1.0%5/18/20224.7 4.7 4.7 — %
JLR Realty Inc119 Circle Dr, Manhasset, NY 11030PPPTerm Loan1.0%5/18/20223.1 3.1 3.1 — %
Aldene Industrial Park204 Sinclair Pl, Westfield, NJ 7090PPPTerm Loan1.0%5/18/20222.2 2.2 2.2 — %
Yu-Song Yen DDS5222 Balboa Ave, Ste 71, San Diego, CA 92117PPPTerm Loan1.0%5/18/20223.3 3.3 3.3 — %
Wheelhouse Life Science Advisors927 Regalo Way, San Ramon, CA 94583PPPTerm Loan1.0%5/18/202211.6 11.6 11.6 — %
Keldon Paper Company5960 Boxford Ave, Commerce, CA 90040PPPTerm Loan1.0%5/19/202211.9 11.9 11.9 — %
Mark E Goldberg, esq.130 North Main St, Port Chester, NY 10573PPPTerm Loan1.0%5/19/20222.1 2.1 2.1 — %
John Woody Inc.754 Harrison St, Jacksonville, FL 32220PPPTerm Loan1.0%5/19/202227.6 27.6 27.6 0.01 %
Chophouse 1311362 San Jose Blvd, Ste 1, Jacksonville, FL 32223PPPTerm Loan1.0%5/19/202220.4 20.4 20.4 0.01 %
274
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Shorstein & Shorstein PA8265 Bayberry Rd, Jacksonville, FL 32256PPPTerm Loan1.0%5/19/202242.3 42.3 42.3 0.01 %
Doctors Medical Center of Walton County, PA21 W Main Ave, Defuniak Springs, FL 32435PPPTerm Loan1.0%5/19/202221.9 21.9 21.9 0.01 %
Stephen Wang & Associates950 3rd Ave, New York, NY 10022PPPTerm Loan1.0%5/19/202212.5 12.5 12.5 — %
Mecca Resources Inc3033 Riviera Dr, Ste 101, Naples, FL 34103PPPTerm Loan1.0%5/19/20226.3 6.3 6.3 — %
Susan Surell26 Diamond Crest Ct, Baltimore, MD 21209PPPTerm Loan1.0%5/19/20221.0 1.0 1.0 — %
SHAWN KASSMAN ESQ., P.C.110 Carleton Ave, Central Islip, NY 11722PPPTerm Loan1.0%5/19/20221.8 1.8 1.8 — %
Sybil Hill1479 Mossy Branch Way, Mt Pleasant, SC 29464PPPTerm Loan1.0%5/19/20220.8 0.8 0.8 — %
Felica Zwebner Design LLC115 W 29th St, New York, NY 10001PPPTerm Loan1.0%5/19/20220.8 0.8 0.8 — %
Robert Giarrusso9 Sabine Lane, Hardyston, NJ 7416PPPTerm Loan1.0%5/19/20220.6 0.6 0.6 — %
Susan Iannelli26 Court St, Ste 1805, Brooklyn, NY 11242PPPTerm Loan1.0%5/19/20221.0 1.0 1.0 — %
Sharrets, Paley, Carter & Blauvelt, PC75 BRd St, New York, NY 10004PPPTerm Loan1.0%5/19/202213.8 13.8 13.8 — %
CCG Advisors817 W Peachtree St, Ste 205, Atlanta, GA 30308PPPTerm Loan1.0%5/19/202221.5 21.5 21.5 0.01 %
The Croft Offshore, LLC1030 Bayside Ln, Weston, FL 33326PPPTerm Loan1.0%5/19/20221.3 1.3 1.3 — %
ABRAHAM J DANIEL18851 NE 29th Ave, #700, Aventura, FL 33180PPPTerm Loan1.0%5/19/20222.1 2.1 2.1 — %
Sodales Partners LLC11 Random Farms Circle, Chappaqua, NY 10514PPPTerm Loan1.0%5/19/20221.5 1.5 1.5 — %
Mark Allen & Company, LLC450 W 17th St, Unit 738, New York, NY 10011PPPTerm Loan1.0%5/19/20222.2 2.2 2.2 — %
Susan Giarrusso9 Sabine Ln, Franklin, NJ 7416PPPTerm Loan1.0%5/19/20220.3 0.3 0.3 — %
SA Legends Lacrosse LLC1011 Rancho Conejo Blvd, Newbury Park, CA 91320PPPTerm Loan1.0%5/19/202210.1 10.1 10.1 — %
Laura Billon1286 El Mercado Way,, Unit C, Oceanside, CA 92057PPPTerm Loan1.0%5/19/20220.1 0.1 0.1 — %
Serge Loobkoff215 S Santa Fe Ave, Ste 15, Los Angeles, CA 90012PPPTerm Loan1.0%5/19/20220.2 0.2 0.2 — %
Florida Premier Cardiology LLC11195 Jog Rd, Ste 6, Boynton Beach, FL 33437PPPTerm Loan1.0%5/19/20228.0 8.0 8.0 — %
Specialty Coverage Insurance Agency (SPCIA)1 Water St, 2nd Floor, Mystic, CT 6355PPPTerm Loan1.0%5/20/20223.2 3.2 3.2 — %
Gregory A. Ebenfeld PA11011 Sheridan St, Ste 113, Hollywood, FL 33026PPPTerm Loan1.0%5/20/20222.2 2.2 2.2 — %
275
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Caveonix7777 Leesburg Pike, Ste 303 South, Falls Church, VA 22043PPPTerm Loan1.0%5/20/202231.0 31.0 31.0 0.01 %
Seamus Henchy and Associates145 Hudson St, New York, NY 10013PPPTerm Loan1.0%5/20/202210.0 10.0 10.0 — %
Drink Here LLC6410 S DURANGO DR, Ste 100, Las Vegas, NV 89113PPPTerm Loan1.0%5/20/20224.6 4.6 4.6 — %
Sunren International, LLC1141 Orange Ave, Monrovia, CA 91016PPPTerm Loan1.0%5/20/20224.2 4.2 4.2 — %
Melanie L Kemmerer, DMD, PLLC110 SW Suwannee Ave, Branford, FL 32008PPPTerm Loan1.0%5/20/20222.9 2.9 2.9 — %
Sierra Music Publications, Inc.2711 N Idaho Rd, Liberty Lake, WA 99019PPPTerm Loan1.0%5/20/20221.6 1.6 1.6 — %
AllianceRad LLC425 N Ocean Blvd, Unit 4, Boca Raton, FL 33432PPPTerm Loan1.0%5/20/20222.1 2.1 2.1 — %
Testicular Cancer Commons5415 SW 149th Ave, Beaverton, OR 97007PPPTerm Loan1.0%5/20/20221.0 1.0 1.0 — %
Krista Saloom7210 Corporate Ct, Frederick, MD 21703PPPTerm Loan1.0%5/20/20221.3 1.3 1.3 — %
GARDEN LTC LLC10 EVANS DRIVE, BROOKVILLE, NY 11545PPPTerm Loan1.0%5/20/20221.3 1.3 1.3 — %
DIXIE CONTRACT CARPET INC7523 PHILIPS Hwy, Jacksonville, FL 32256PPPTerm Loan1.0%5/20/202242.9 42.9 42.9 0.01 %
KKAP Reseda Laundry LLC18300 Vanowen St, Unit #5, Reseda, CA 91335PPPTerm Loan1.0%5/20/20220.4 0.4 0.4 — %
RTP Corp.2832 Center Port Cir, Pompano Beach, FL 33064PPPTerm Loan1.0%5/20/202239.2 39.2 39.2 0.01 %
KKAP Van Nuys Laundry, LLC16105 Victory Blvd, Unit 9I, Van Nuys, CA 91406PPPTerm Loan1.0%5/20/20220.8 0.8 0.8 — %
Brandy Cox, Inc11818 Cupworth Ct, Huntersville, NC 28078PPPTerm Loan1.0%5/20/20220.8 0.8 0.8 — %
Steven R Wynn Othidonics1901 Westcliff Drive, Ste #1, Newport Beach, CA 92660PPPTerm Loan1.0%5/20/20222.5 2.5 2.5 — %
Mark E Haddad MD IncPO Box 791507, Paia, HI 96779PPPTerm Loan1.0%5/20/20221.5 1.5 1.5 — %
The Duncraggen Realty Corp708 W 192nd St, Ste 1K, New York, NY 10040PPPTerm Loan1.0%5/20/20220.8 0.8 0.8 — %
Direct Resources Group1520 4th Ave, Ste 500, Seattle, WA 98101PPPTerm Loan1.0%5/21/202231.3 31.3 31.3 0.01 %
Patricia Margolin551 Spring Valley Rd, Paramus, NJ 7652PPPTerm Loan1.0%5/21/20220.9 0.9 0.9 — %
Herion Productions LLC95 Thomas Rd, Valatie, NY 12184PPPTerm Loan1.0%5/21/20221.2 1.2 1.2 — %
Fernando Suarez Physical Therapy, PLLC72-15 Grand Ave, Maspeth, NY 11378PPPTerm Loan1.0%5/21/20223.7 3.7 3.7 — %
Gwendolyn Luce4065 Laguna Way, Palo Alto, CA 94306PPPTerm Loan1.0%5/21/20220.8 0.8 0.8 — %
276
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Hamilton Technology Services14115 West 59th Place, Arvada, CO 80004PPPTerm Loan1.0%5/21/202215.3 15.3 15.3 — %
Routable AI Inc32 Chester St, Apt 7, Somerville, MA 2144PPPTerm Loan1.0%5/21/20223.2 3.2 3.2 — %
Michelle Euler1709 Forest Bend Lane, Keller, TX 76248PPPTerm Loan1.0%5/21/20221.2 1.2 1.2 — %
Lisa R. Drake PC3325 Piedmont Rd NE, Unit 3002, Atlanta, GA 30305PPPTerm Loan1.0%5/21/20222.3 2.3 2.3 — %
KKAP ELA Laundry, LLC3845 East 3rd St, Los Angeles, CA 90063PPPTerm Loan1.0%5/21/20221.8 1.8 1.8 — %
North Carolina Baptist Foundation, Inc.201 Convention Drive, Cary, NC 27511PPPTerm Loan1.0%5/21/202227.6 27.6 27.6 0.01 %
Taylor SF Inc333 Bush St, Ste 3705, San Francisco, CA 94104PPPTerm Loan1.0%5/21/20221.3 1.3 1.3 — %
Carrie Risatti307 Montana Ave, #201, Santa Monica, CA 90403PPPTerm Loan1.0%5/21/20221.7 1.7 1.7 — %
Todd Goodman Productions LLC DBA LA Light Photography1112 Montana Ave, #381, Santa Monica, CA 90403PPPTerm Loan1.0%5/21/20221.8 1.8 1.8 — %
INNERCONX641 Ranch Rd, Weston, FL 33326PPPTerm Loan1.0%5/21/20227.7 7.7 7.7 — %
Ultracare of Manhattan Ltd800 Second Ave, Ste 905, New York, NY 10017PPPTerm Loan1.0%5/21/202290.0 90.0 90.0 0.03 %
Frank Betz Associates, Inc.12045 Hwy 92, Woodstock, GA 30188PPPTerm Loan1.0%5/21/202220.9 20.9 20.9 0.01 %
Lemon Tree Entertainment, LLC130 E 94th ST, 9D, New York, NY 10128PPPTerm Loan1.0%5/21/20221.9 1.9 1.9 — %
Hoops 4 Health875 Heather Ln, Winnetka, IL 60093PPPTerm Loan1.0%5/21/20223.4 3.4 3.4 — %
Psychiatry Associates PC1736 Oxmoor Rd, Ste 103, Birmingham, AL 35209PPPTerm Loan1.0%5/21/20225.0 5.0 5.0 — %
YourHQ1592 Union St, #505, San Francisco, CA 94123PPPTerm Loan1.0%5/22/20221.4 1.4 1.4 — %
EAM Partners L.P.3131 Maple Ave, Ste 13B, Dallas, TX 75201PPPTerm Loan1.0%5/22/20223.2 3.2 3.2 — %
S & L Paper Corporation3500 Hampton Rd, Oceanside, NY 11572PPPTerm Loan1.0%5/22/202212.9 12.9 12.9 — %
Javalin Group LLC9735 Rod Rd, Johns Creek, GA 30022PPPTerm Loan1.0%5/22/20221.3 1.3 1.3 — %
A & L Films, Inc.16105 Meadowcrest Rd, Sherman Oaks, CA 91403PPPTerm Loan1.0%5/22/20222.3 2.3 2.3 — %
Inner Pieces171 Vidal Blvd, Decatur, GA 30030PPPTerm Loan1.0%5/22/20220.4 0.4 0.4 — %
Maselan & Jones, P.C.One International Place, 8th Floor, Boston, MA 2110PPPTerm Loan1.0%5/22/20229.4 9.4 9.4 — %
Utility Consulting Group LLC23679 Calabasas Rd, #263, Calabasas, CA 91302PPPTerm Loan1.0%5/22/202253.0 53.0 53.0 0.02 %
277
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Platinum Marketing120 Windermere Drive, Blue Bell, PA 19422PPPTerm Loan1.0%5/22/20223.6 3.6 3.6 — %
Fybr LLC640 Cepi Dr, Ste C, Chesterfield, MO 63005PPPTerm Loan1.0%5/22/202227.3 27.3 27.3 0.01 %
Schlemmer Farms LLC6167 State Line Rd., Convoy, oh 45832PPPTerm Loan1.0%5/22/20223.0 3.0 3.0 — %
Black Hawk IncPO BOX 476, BRISTOL, IN 46507PPPTerm Loan1.0%5/22/202214.4 14.4 14.4 — %
Steeplechase Amusement Inc11540 Clover Ave, Los Angeles, CA 90066PPPTerm Loan1.0%5/22/20224.2 4.2 4.2 — %
Four Paws Animal Hospital PC199 Broadway, Amityville, NY 11701PPPTerm Loan1.0%5/22/20224.4 4.4 4.4 — %
L Corp2190 Talmadge St, Los Angeles, CA 90027PPPTerm Loan1.0%5/22/20223.3 3.3 3.3 — %
JK Belz & Associates Inc10580 N McCarran Blvd, #115-222, Reno, NV 89503PPPTerm Loan1.0%5/22/20224.8 4.8 4.8 — %
South Florida Imaging Consultants LLC10754 Versailles Blvd, Wellington, FL 33449PPPTerm Loan1.0%5/22/20224.4 4.4 4.4 — %
Stoker Construction Inc56471 29 PALMS Hwy, YUCCA VALLEY, CA 92284PPPTerm Loan1.0%5/22/202214.5 14.5 14.5 — %
JB Press LLC82 Flamingo Rd, Roslyn, NY 11576PPPTerm Loan1.0%5/22/20221.4 1.4 1.4 — %
BanzaiFly Inc3861 Reklaw Drive, Studio City, CA 91604PPPTerm Loan1.0%5/22/20222.0 2.0 2.0 — %
Anders Environmental LLC1315 Hartford Dr, Boulder, CO 80305PPPTerm Loan1.0%5/22/20224.0 4.0 4.0 — %
P3s Corp21526 Privada Avila, San Antonio, TX 78257PPPTerm Loan1.0%5/22/202260.8 60.8 60.8 0.02 %
Youth Tennis San Diego Foundation4490 W Point Loma Blvd, San Diego, CA 92107PPPTerm Loan1.0%5/22/20220.7 0.7 0.7 — %
Jewish Community Foundation of the West2130 21st St, Sacramento, CA 95818PPPTerm Loan1.0%5/22/20221.2 1.2 1.2 — %
Cinema Vehicles12580 Saticoy St, North Hollywood, CA 91605PPPTerm Loan1.0%5/22/202259.0 59.0 59.0 0.02 %
Provino's Italian Restaurant, Inc.14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%5/26/202225.8 25.8 25.8 0.01 %
Bethany L. LaFlam9 Acacia Tree Ln, Irvine, CA 92612PPPTerm Loan1.0%5/26/20221.7 1.7 1.7 — %
Easy Content Media LLC706 Van Nest Drive, Martinsville, NJ 8836PPPTerm Loan1.0%5/26/20225.8 5.8 5.8 — %
Bar-Z Anderson LTD Co1408 Wathen Ave, Austin, TX 78703PPPTerm Loan1.0%5/26/20225.0 5.0 5.0 — %
The Desai Foundation209 Burlington Rd, Ste 217, Bedford, MA 1730PPPTerm Loan1.0%5/26/20225.3 5.3 5.3 — %
JM Robson LPCCS4807 Rockside Rd, Ste 300, Independence, OH 44131PPPTerm Loan1.0%5/26/20220.8 0.8 0.8 — %
278
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Improving Communications105 Haven Ave, Port Washington, NY 11050PPPTerm Loan1.0%5/26/20222.1 2.1 2.1 — %
Kenneth R. Hughes3620 Mt Diablo Blvd, Ste 203, Lafayette, CA 94549PPPTerm Loan1.0%5/26/20222.1 2.1 2.1 — %
Drosihn Construction, Inc.749 Atherton Ave, Novato, CA 94945PPPTerm Loan1.0%5/26/20222.6 2.6 2.6 — %
163rd Avenue Investors, LLC1435 163rd Ave, San Leandro, CA 94578PPPTerm Loan1.0%5/26/20222.9 2.9 2.9 — %
2875 Sedgwick Owners Corp708 W 192nd St, Ste 1K, New York, NY 10040PPPTerm Loan1.0%5/26/20221.3 1.3 1.3 — %
KN Artist Management, LLC3924 Poppyseed Place, Calabasas, CA 91302PPPTerm Loan1.0%5/26/20222.1 2.1 2.1 — %
Hunstiger Inc9120 Rock Pond Way, Colorado Springs, CO 80924PPPTerm Loan1.0%5/26/20223.3 3.3 3.3 — %
Larry Lawrence Realty, Inc.PO Box 2365, Olympic Valley, CA 96146PPPTerm Loan1.0%5/26/20224.7 4.7 4.7 — %
Quickway Metal Fabricators9 Murran Rd, P.O. Box 1378, Monticello, NY 12701PPPTerm Loan1.0%5/26/20225.9 5.9 5.9 — %
DANGOLD, INC.138-43 78th Rd, Flushing, NY 11367PPPTerm Loan1.0%5/26/20221.0 1.0 1.0 — %
TK Food Concepts LLC107 North 3rd St, Ste 3D, Brooklyn, NY 11249PPPTerm Loan1.0%5/26/202215.4 15.4 15.4 — %
Jennifer Leigh Cobb303 Port Royal Way, Pensacola, FL 32502PPPTerm Loan1.0%5/26/20220.2 0.2 0.2 — %
44678 Valley Center LLC1417 Antigua Way, Newport Beach, CA 92660PPPTerm Loan1.0%5/26/20223.0 3.0 3.0 — %
Jennie Kwon Designs643 S Olive St, Los Angeles, CA 90014PPPTerm Loan1.0%5/26/20225.4 5.4 5.4 — %
Pacific CCI, Inc880 W 1st St, #520, Los Angeles, CA 90012PPPTerm Loan1.0%5/27/202236.4 36.4 36.4 0.01 %
Onchip Systems1953 O'Toole Way, San Jose, CA 95131PPPTerm Loan1.0%5/27/202212.8 12.8 12.8 — %
J Partners LLC4885 Rebel Trail, Atlanta, GA 30327PPPTerm Loan1.0%5/27/20222.1 2.1 2.1 — %
Craig Iwai848 S Myrtle Ave, Monrovia, CA 91016PPPTerm Loan1.0%5/27/20223.6 3.6 3.6 — %
Scalini's, Inc.14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%5/27/202217.7 17.7 17.7 0.01 %
Phillip Thomas Inc210 E 68th St, Ste 9G, New York, NY 10065PPPTerm Loan1.0%5/27/20228.4 8.4 8.4 — %
X-Pest100 N Hill Dr, #40, Brisbane, CA 94005PPPTerm Loan1.0%5/27/20225.0 5.0 5.0 — %
Evalyn Mosser Bookkeeping and Consulting2436 N Federal Hwy, Ste 474, Lighthouse Point, FL 33064PPPTerm Loan1.0%5/27/20221.4 1.4 1.4 — %
Hauser Family Foundation10617 Charleston Drive, Vero Beach, FL 32963PPPTerm Loan1.0%5/27/20221.3 1.3 1.3 — %
279
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Paige Management LLC254 Corsair Ave, Lauderdale-By-The-Sea, FL 33308PPPTerm Loan1.0%5/27/20221.1 1.1 1.1 — %
AC Diel17 Eton Ct, South Barrington, IL 60010PPPTerm Loan1.0%5/27/20221.0 1.0 1.0 — %
Robert Frantz MD, Inc1730 San Ysidro Dr, Beverly Hills, CA 90210PPPTerm Loan1.0%5/27/20222.1 2.1 2.1 — %
Sports Academy Integrated Sports Medicine, LLC1011 Rancho Conejo Blvd, Newbury Park, CA 91320PPPTerm Loan1.0%5/27/202231.4 31.4 31.4 0.01 %
Jasmine Greenhow4848 E Cactus Rd, Ste 505-473, Scottsdale, AZ 85254PPPTerm Loan1.0%5/27/20220.7 0.7 0.7 — %
Butterfly Sunrise Corp2261 Market St, #418, San Francisco, CA 94114PPPTerm Loan1.0%5/27/20221.3 1.3 1.3 — %
Aqua Flies LLCPO Box 2216, Sebastopol, CA 95473PPPTerm Loan1.0%5/27/20221.0 1.0 1.0 — %
Bent Tail, Inc.824 Brooks Ave, Venice, CA 90291PPPTerm Loan1.0%5/27/20222.1 2.1 2.1 — %
Actors and Others for Animals11523 Burbank Blvd, North Hollywood, CA 91601PPPTerm Loan1.0%5/27/20225.6 5.6 5.6 — %
Cabrillo Capital Group, Inc.15404 Highland Valley Rd, Escondido, CA 92025PPPTerm Loan1.0%5/27/20224.2 4.2 4.2 — %
Julie Evans Realtor4 Hopscotch Ln, Savannah, GA 31411PPPTerm Loan1.0%5/27/20221.7 1.7 1.7 — %
PlayWorks Counseling, LLC4420 NE St Johns Rd, Ste D, Vancouver, WA 98661PPPTerm Loan1.0%5/27/20220.6 0.6 0.6 — %
AMAN PC181 Westfield Ave, Clark, NJ 7066PPPTerm Loan1.0%5/27/20229.9 9.9 9.9 — %
Joped, Inc.1411 SE Indian St, Stuart, FL 34997PPPTerm Loan1.0%5/27/202214.4 14.4 14.4 — %
Marguarite Clark Public Relations2 New Chardon, Laguna Niguel, CA 92677PPPTerm Loan1.0%5/27/20223.4 3.4 3.4 — %
Jenius Solutions2772 Lansdowne Ln SE, Atlanta, GA 30339PPPTerm Loan1.0%5/27/20221.0 1.0 1.0 — %
Frenchy's1460 3rd St S, Jacksonville Beach, FL 32250PPPTerm Loan1.0%5/28/20228.6 8.6 8.6 — %
Hoaka Property Company LLCPO Box 670, Kailua Kona, HI 96745PPPTerm Loan1.0%5/28/202240.0 40.0 40.0 0.01 %
Fourth Church1270 Silverado St, La Jolla, CA 92037PPPTerm Loan1.0%5/28/20223.6 3.6 3.6 — %
Daniel I Richman, MD429 E 75th St, 6th Floor, New York, NY 10021PPPTerm Loan1.0%5/28/202216.8 16.8 16.8 — %
SANDLER SEARCH ASSOCIATES, LLC132 E 35th St, Apt 5E, New York, NY 10016PPPTerm Loan1.0%5/28/20228.7 8.7 8.7 — %
Yoga Connection of Pembroke Pines, Inc12592 Pines Blvd, #103, Pembroke Pines, FL 33027PPPTerm Loan1.0%5/28/20222.3 2.3 2.3 — %
Studio U+A, LLC231 W 29th St, Ste 1402, New York, NY 10001PPPTerm Loan1.0%5/28/20221.6 1.6 1.6 — %
280
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Studio LBV6562 San Vicente Blvd, Los Angeles, CA 90048PPPTerm Loan1.0%5/28/20221.7 1.7 1.7 — %
Naissan O Wesley, MD, Inc - A Medical Corporation9201 W Sunset Blvd, Ste 602, Los Angeles, CA 90069PPPTerm Loan1.0%5/28/202212.3 12.3 12.3 — %
richard noren llc2101 Waukegan Rd, Ste 110, Bannockburn, IL 60015PPPTerm Loan1.0%5/28/20222.8 2.8 2.8 — %
Tinny Corporation100 Bradley St, Middletown, CT 6457PPPTerm Loan1.0%5/28/202250.2 50.2 50.2 0.01 %
PPJ2 Carsha Dr, Natick, MA 1760PPPTerm Loan1.0%5/28/202233.6 33.6 33.6 0.01 %
Dr. Tom Gallant DDS8906 Colesville Rd, Silver Spring, MD 20910PPPTerm Loan1.0%5/28/20221.0 1.0 1.0 — %
MLN Partners LLC550 S Ocean Blvd, Boca Raton, FL 33432PPPTerm Loan1.0%5/28/20224.2 4.2 4.2 — %
Tucker Investment Group, LLC5010 Parkway Calabasas, Ste 105, Calabasas, CA 91302PPPTerm Loan1.0%5/28/20223.4 3.4 3.4 — %
CHANCELLOR CONSULTING GROUP, INC749 Atherton Ave, Novato, CA 94945PPPTerm Loan1.0%5/28/20224.2 4.2 4.2 — %
Emeco805 W Elm Ave, Hanover, PA 17331PPPTerm Loan1.0%5/28/202250.7 50.7 50.7 0.01 %
Sports Academy Venture Lab, Inc.1011 Rancho Conejo Blvd, Newbury Park, CA 91320PPPTerm Loan1.0%5/28/202211.2 11.2 11.2 — %
George Chien12898 Woodmont Dr, Saratoga, CA 95070PPPTerm Loan1.0%5/28/20222.6 2.6 2.6 — %
Law Office of Debrah B. Rosenthal, APC120 Eucalyptus Ln, Costa Mesa, CA 92627PPPTerm Loan1.0%5/28/20222.7 2.7 2.7 — %
Mamba and Mamacita Sports Foundation1011 Rancho Conejo Blvd, Newbury Park, CA 91320PPPTerm Loan1.0%5/28/20223.3 3.3 3.3 — %
TMCG Marketing Inc. dba The Marcom Group1655 N Main St, #390, Walnut Creek, CA 94596PPPTerm Loan1.0%5/28/20225.5 5.5 5.5 — %
TrueCustomerSuccess LLC921 N Idaho St, San Mateo, CA 94401PPPTerm Loan1.0%5/28/20220.7 0.7 0.7 — %
Tectonics Enterprises Inc56471 29 PALMS Hwy, YUCCA VALLEY, CA 92284PPPTerm Loan1.0%5/28/20227.5 7.5 7.5 — %
Julia Obadiah, PC6370 SW Borland, Ste 200, Tualatin, OR 97062PPPTerm Loan1.0%5/28/20223.1 3.1 3.1 — %
Jaron Presant, Inc.752 Juanita Ave, Santa Barbara, CA 93109PPPTerm Loan1.0%5/28/20222.0 2.0 2.0 — %
Pig Will Productions, Inc.1957 N Bronson Ave, Los Angeles, CA 90068PPPTerm Loan1.0%5/29/20221.3 1.3 1.3 — %
Construction Details, LLC5412 Planting Field Lane, Flowery Branch, GA 30542PPPTerm Loan1.0%5/29/20222.1 2.1 2.1 — %
Dawn Coleman-Hyman2505 E 7 st, Long Beach, CA 90804PPPTerm Loan1.0%5/29/20221.2 1.2 1.2 — %
Benjamin Leshin, M.D. P.C.1267 Willis St, Redding, CA 96001PPPTerm Loan1.0%5/29/20222.1 2.1 2.1 — %
281
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Don Dietrich Inc.240 Main St, Nyack, NY 10960PPPTerm Loan1.0%5/29/20223.3 3.3 3.3 — %
Shalik, Morris & Company, LLC80 Crossways Park Dr W, Woodbury, NY 11797PPPTerm Loan1.0%5/29/2022108.3 108.3 108.3 0.03 %
Strategic Code Solutions LLC182 Summer St, Box 355, Kingston, MA 2364PPPTerm Loan1.0%5/29/20221.7 1.7 1.7 — %
Elizabeth W. Shull2600 Wamath Drive, Charlotte, NC 28210PPPTerm Loan1.0%5/29/20221.7 1.7 1.7 — %
MANHATTAN RETINA & EYE CONSULTANTS67 E 78th St, Unit 1c, New York, NY 10075PPPTerm Loan1.0%5/29/20222.8 2.8 2.8 — %
TPR Ent. LTD644 Fayette Ave, Mamaroneck, NY 10543PPPTerm Loan1.0%5/29/20226.0 6.0 6.0 — %
Michael E. Cindrich, Attorney At Law225 Broadway, Ste 2100, San Diego, CA 92101PPPTerm Loan1.0%5/29/20225.0 5.0 5.0 — %
HCMA Consultants, Inc.1802 Harper Rd, Ste 102, Beckley, WV 25801PPPTerm Loan1.0%5/29/202214.5 14.5 14.5 — %
Electric Sales Associates, Inc2121 N Commerce Pkwy, Weston, FL 33326PPPTerm Loan1.0%5/29/202220.0 20.0 20.0 0.01 %
Derco Construction, Inc.1771 Blount Rd, #509, Pompano Beach, FL 33069PPPTerm Loan1.0%5/29/20225.3 5.3 5.3 — %
Brink Design LLC1088 Longley Ave NW, Atlanta, GA 30318PPPTerm Loan1.0%5/29/20222.9 2.9 2.9 — %
7D Surgical USA Inc.2711 Centerville Rd, Ste 400, Wilmington, DE 19808PPPTerm Loan1.0%5/29/202225.2 25.2 25.2 0.01 %
BY BABBA Inc6 St Johns Ln, New York, NY 10013PPPTerm Loan1.0%5/29/20226.9 6.9 6.9 — %
Joseph W Robb DDS Inc A Dental Corp56 Penny Lane, Ste A, Watsonville, CA 95076PPPTerm Loan1.0%5/29/20229.5 9.5 9.5 — %
Stix,LLC7805 NW Beacon Square Blvd, Ste 201, Boca Raton, FL 33487PPPTerm Loan1.0%5/29/20223.3 3.3 3.3 — %
LB Eatery, LLC1781 Village Ln N, Wantagh, NY 11793PPPTerm Loan1.0%5/29/20223.9 3.9 3.9 — %
DRAWINGROOM LLC73 Milland Dr, Mill Valley, CA 94941PPPTerm Loan1.0%5/29/20222.1 2.1 2.1 — %
NOVA Fisheries, Inc.2532 Yale Ave. E, Seattle, WA 98102PPPTerm Loan1.0%5/29/20223.1 3.1 3.1 — %
POTOMAC GLEN DAY SCHOOL9908 S Glen Rd, Potomac, MD 20854PPPTerm Loan1.0%5/29/202213.9 13.9 13.9 — %
SLS Partners Inc6844 Spyglass Ln, Rancho Santa Fe, CA 92067PPPTerm Loan1.0%5/29/20222.7 2.7 2.7 — %
Steve Kupfer Consulting290 6th Ave, Brooklyn, NY 11215PPPTerm Loan1.0%5/29/20222.1 2.1 2.1 — %
Dreyfus Advisors, LLC448 Springer Rd., Fairfield, CT 6824PPPTerm Loan1.0%5/29/20222.1 2.1 2.1 — %
Hawk Management LLC2305 W Horizon Ridge Pkwy, #2024, Henderson, NV 89052PPPTerm Loan1.0%5/29/202218.9 18.9 18.9 0.01 %
282
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Lenat & Partners, Inc.1633 Old Bayshore Hwy, Ste 220, Burlingame, CA 94010PPPTerm Loan1.0%5/29/20221.5 1.5 1.5 — %
Knock Out Productions Inc.21425 Dumetz Rd, Woodland Hills, CA 91364PPPTerm Loan1.0%5/29/20222.3 2.3 2.3 — %
Southside Cleaning Service, Inc.2969 Riverwood Terrace, Birmingham, AL 35242PPPTerm Loan1.0%5/29/20220.6 0.6 0.6 — %
DELUCA MASONRY CONSTRUCTION LLC4 Stone Cir, Norwood, MA 2062PPPTerm Loan1.0%5/29/20223.4 3.4 3.4 — %
Atlanta Consulting Engineers, Inc.500 Sun Valley Drive, Unit G2, Roswell, GA 30076PPPTerm Loan1.0%5/29/20229.3 9.3 9.3 — %
Sirockman Management LLC1600 Northside Dr NW, Ste 100, Atlanta, GA 30318PPPTerm Loan1.0%5/29/20222.1 2.1 2.1 — %
Nicholas Thaler PHD2950 S Bentley Ave, Unit 10, Los Angeles, CA 90064PPPTerm Loan1.0%5/29/20222.2 2.2 2.2 — %
Atlas Compensation Partners , LLC.2200 Anna Mae Drive, Coraopolis, PA 15108PPPTerm Loan1.0%5/29/20221.0 1.0 1.0 — %
Scelsi & Associates LLC76 E Euclid Ave, Haddonfield, NJ 8033PPPTerm Loan1.0%5/29/20229.9 9.9 9.9 — %
Headhunter Inc3380 SW 11th AVE, FT LAUDERDALE, FL 33315PPPTerm Loan1.0%5/29/202278.2 78.2 78.2 0.02 %
Hi Point, LLC10798 LONESOME DOVE TRAIL, Waxahachie, TX 77808PPPTerm Loan1.0%5/29/20222.8 2.8 2.8 — %
Construction Solutions and Services LLC7698 Hoffy Cir, Lake Worth, FL 33467PPPTerm Loan1.0%5/29/20221.1 1.1 1.1 — %
Curtis A Mellon, ReMax Anchor, MLS Detectives Group3941 Tamiami Trail, Ste 3121, Punta Gorda, FL 33950PPPTerm Loan1.0%5/29/20224.1 4.1 4.1 — %
Vicarious Music LLC70 Berry St, Ste 2C, Brooklyn, NY 11249PPPTerm Loan1.0%5/29/20220.6 0.6 0.6 — %
Raidah Hudson Dentistry4374 S Laburnum Ave, Richmond, VA 23231PPPTerm Loan1.0%5/29/20222.5 2.5 2.5 — %
Clifton Triplett90 S Tranquil Path, Spring, TX 77380PPPTerm Loan1.0%5/29/20223.7 3.7 3.7 — %
Benton Oil & Gas LLC2700 Post Oak Blvd, #2700, Houston, TX 77056PPPTerm Loan1.0%5/29/20220.6 0.6 0.6 — %
TLM Equities LLC8 Saddle Ridge Rd, Old Westbury, NY 11568PPPTerm Loan1.0%5/29/20222.0 2.0 2.0 — %
Xtreme Acro and Cheer Inc.14702 Southlawn Ln, Rockville, MD 20850PPPTerm Loan1.0%5/29/20225.0 5.0 5.0 — %
Jeffrey Bayer CPA, P.C.240 Kent Ave, Brooklyn, NY 11249PPPTerm Loan1.0%5/29/20222.2 2.2 2.2 — %
Josefa  F Simkin266 Green Valley Rd, Freedom, CA 95019PPPTerm Loan1.0%5/29/20221.2 1.2 1.2 — %
Calgo Mfg Inc9930 Research Drive, Ste 100, Irvine, CA 92618PPPTerm Loan1.0%5/29/20222.0 2.0 2.0 — %
Haley Glazer Geriatric Care Management, LLC40 Bradway Ave, Ewing Township, NJ 8618PPPTerm Loan1.0%6/1/20223.3 3.3 3.3 — %
283
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Snipers Lacrosse Inc1024 W Heritage Club Cir, Delray Beach, FL 33483PPPTerm Loan1.0%6/1/20222.6 2.6 2.6 — %
Makena Tech Solutions, Inc232 N Lone Hill Ave, Glendora, CA 91741PPPTerm Loan1.0%6/1/20223.9 3.9 3.9 — %
Michael A Friedman, MD2675 N Decatur Rd, Decatur, GA 30033PPPTerm Loan1.0%6/1/20221.7 1.7 1.7 — %
Kevin A. Swersey Wine Consultant, Inc.612 Pondside Dr, White Plains, NY 10607PPPTerm Loan1.0%6/1/20220.2 0.2 0.2 — %
Clozd2801 N Thanksgiving Way, Ste 190, Lehi, UT 84043PPPTerm Loan1.0%6/1/202210.6 10.6 10.6 — %
Triple Aught Foundation24052 Watergap Rd, Hiko, NV 89017PPPTerm Loan1.0%6/1/20226.7 6.7 6.7 — %
Bonsecours Productions Inc.420 Riverside Drive, New York, NY 10025PPPTerm Loan1.0%6/1/20221.2 1.2 1.2 — %
Tova1 Corp21 S Hope Chapel Rd, Jackson Township, NJ 8527PPPTerm Loan1.0%6/1/20228.4 8.4 8.4 — %
Exclusive 30A Rentals, LLC20 Mark Twain lane, Inlet Beach, FL 32461PPPTerm Loan1.0%6/1/20228.7 8.7 8.7 — %
Eric Fischl3724 24th St, #113, Long Island City, NY 11101PPPTerm Loan1.0%6/1/20221.9 1.9 1.9 — %
Senior Resouces Guide LLCPO Box 6027, Denver, CO 80206PPPTerm Loan1.0%6/1/20222.7 2.7 2.7 — %
Lori B. Birndorf, D.O., A Medical Corporation12139 Riverside Drive, Valley Village, CA 91607PPPTerm Loan1.0%6/1/20223.0 3.0 3.0 — %
James E. Schad260 Hampton Farms Ct NE, Marietta, GA 30068PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
VCSC11627 Versailles Lakes Ln, Houston, TX 77082PPPTerm Loan1.0%6/1/20222.4 2.4 2.4 — %
MRV Associates19 Fox Meadow Rd, Scarsdale, NY 10583PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
Welles & Montgomery LLC770 Wildwood Rd NE, Atlanta, GA 30324PPPTerm Loan1.0%6/1/20220.7 0.7 0.7 — %
Lubin & Meyer, PC100 City Hall Plaza, Boston, MA 2108PPPTerm Loan1.0%6/1/202263.0 63.0 63.0 0.02 %
Broomstick Productions Inc10866 Wilshire Blvd, 10th Floor, Los Angeles, CA 90024PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
LAUREL RACQUET AND HEALTH CLUB INC204 Fort Meade Rd, Laurel, MD 20707PPPTerm Loan1.0%6/1/20225.3 5.3 5.3 — %
Special Events Staffing1015 N Lake Ave, Ste 205, Pasadena, CA 91104PPPTerm Loan1.0%6/1/202254.6 54.6 54.6 0.02 %
BOWIE RACQUET AND FITNESS CLUB, INC100 White Marsh Park Dr, Bowie, MD 20715PPPTerm Loan1.0%6/1/202228.1 28.1 28.1 0.01 %
Tiny Transformations222 N Henry St, Apt 2, Brooklyn, NY 11222PPPTerm Loan1.0%6/1/20220.5 0.5 0.5 — %
JAM Marketing, Inc.736 Broadway, 4th Floor, New York, NY 10003PPPTerm Loan1.0%6/1/20221.1 1.1 1.1 — %
284
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Schroeder Arts Consulting LLC35 W 90th St, Ste 9F, New York, NY 10024PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
CATHY FRANKLIN124 EAST 92ND St, NEW YORK, NY 10128PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
R.E. Hazard Contracting Company401 B St, Ste 2400, San Diego, CA 92101PPPTerm Loan1.0%6/1/20226.3 6.3 6.3 — %
Sterling Creek Energy LLC308 N Colorado St, Ste 200, Midland, TX 79701PPPTerm Loan1.0%6/1/20221.6 1.6 1.6 — %
J. B. GOOD RESOURCES, LLC257 Abercorn Circle, Chapel Hill, NC 27516PPPTerm Loan1.0%6/1/20221.1 1.1 1.1 — %
Bull City Sue228 Pineview Rd, Durham, NC 27707PPPTerm Loan1.0%6/1/20221.0 1.0 1.0 — %
Get Wired Tec, Inc.2192 Lysander Ave, Simi Valley, CA 93065PPPTerm Loan1.0%6/1/20224.0 4.0 4.0 — %
A&J Enterprises, Inc.250 Columbine Unit 503, Denver, CO 80206PPPTerm Loan1.0%6/1/20222.2 2.2 2.2 — %
Steven F. Stratton200 E Randolph St, Chicago, IL 60601PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
Colgate McCallum Advisors Inc5440 Harvest Hill Rd., #253, Dallas, TX 75230PPPTerm Loan1.0%6/1/202214.6 14.6 14.6 — %
Hafner Research Associates LLC12 Quarry Ridge Rd, Sandy Hook, CT 6482PPPTerm Loan1.0%6/1/20221.8 1.8 1.8 — %
JD Digital Documentation408 E. 4th St, Ste 301A, Bridgeport, PA 19405PPPTerm Loan1.0%6/1/20223.6 3.6 3.6 — %
Richard A Stevenson DDS6851 Belfort Oaks Pl, Jacksonville, FL 32216PPPTerm Loan1.0%6/1/20224.2 4.2 4.2 — %
Eco Tekk21136 N Andover Rd, Kildeer, IL 60047PPPTerm Loan1.0%6/1/20224.5 4.5 4.5 — %
Franz Weber, Inc.PO Box 34000, Reno, NV 89533PPPTerm Loan1.0%6/1/20222.2 2.2 2.2 — %
Bailey and Owens Construction2649 Valleydale Rd, Birmingham, AL 35244PPPTerm Loan1.0%6/1/202217.5 17.5 17.5 0.01 %
Levin's Crosstown Supply Corp.1347 Boston Rd, Bronx, NY 10456PPPTerm Loan1.0%6/1/20226.5 6.5 6.5 — %
Egan-Wagner Corporation2929 Two Paths Dr, Woodridge, IL 60517PPPTerm Loan1.0%6/1/20224.4 4.4 4.4 — %
MW Engineering2001 W Alameda Dr, Ste 201, Tempe, AZ 85282PPPTerm Loan1.0%6/1/20226.6 6.6 6.6 — %
New Soho Gallery Inc., DBA Julie Saul Projects1133 Broadway, Ste 733, New York, NY 10010PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
Judy DeCanio171 E 77th St, New York, NY 10075PPPTerm Loan1.0%6/1/20222.0 2.0 2.0 — %
Fedbiz Consulting Inc.47522 Coldspring Pl, Sterling, VA 20165PPPTerm Loan1.0%6/1/20224.3 4.3 4.3 — %
Quad Cities Autism Center Inc2430 6th Ave, Moline, IL 61265PPPTerm Loan1.0%6/1/202214.6 14.6 14.6 — %
The On The Line Company, Inc101 Arch St, Ste 225, Boston, MA 2110PPPTerm Loan1.0%6/1/20229.7 9.7 9.7 — %
285
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
FVC Associates Exec.Dev.&Strategy, Inc.97 Aldrich St, Boston, MA 2131PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
Barnhill Chiropractic Clinic5270 Northwest 34th Blvd., Gainesville, FL 32605PPPTerm Loan1.0%6/1/20223.3 3.3 3.3 — %
Guest Associates, Inc.2707 Artie St SW, Bldg 300, Ste 2, Huntsville, AL 35805PPPTerm Loan1.0%6/1/20223.8 3.8 3.8 — %
LG Networks Inc8111 Lyndon B Johnson Fwy, Ste 700, Dallas, TX 75251PPPTerm Loan1.0%6/1/202215.1 15.1 15.1 — %
Steve Solodoff1523 Portola St, Davis, CA 95616PPPTerm Loan1.0%6/1/20222.1 2.1 2.1 — %
Orange Park Travel3657 St Johns Ave, Jacksonville, FL 32205PPPTerm Loan1.0%6/2/20226.3 6.3 6.3 — %
Alessandra Santopietro88 Leonard St, Apt 517, New York, NY 10013PPPTerm Loan1.0%6/2/20221.8 1.8 1.8 — %
Pacific Design Directions, Inc.8171 E Kaiser Blvd, Anaheim, CA 92808PPPTerm Loan1.0%6/2/202244.6 44.6 44.6 0.01 %
Paul T.C. Liu MD Inc.2233 Huntington Dr, San Marino, CA 91108PPPTerm Loan1.0%6/2/20227.5 7.5 7.5 — %
JAB Executive Services11277 Gravitation Dr, Las Vegas, NV 89135PPPTerm Loan1.0%6/2/20222.1 2.1 2.1 — %
Glyphix Studio Inc.6964 Shoup Ave, Canoga Park, CA 91307PPPTerm Loan1.0%6/2/20224.9 4.9 4.9 — %
E & J Frankel Limited612 Pondside Dr, White Plains, NY 10607PPPTerm Loan1.0%6/2/20221.5 1.5 1.5 — %
Trapwire Inc.1818 Library St, Reston, VA 20190PPPTerm Loan1.0%6/2/202224.4 24.4 24.4 0.01 %
Chitra Kumar MD5311 John F. Kennedy Blvd, West New York, NJ 7093PPPTerm Loan1.0%6/2/20222.9 2.9 2.9 — %
Robert M. Worman, P.A1200 S Pine Island Rd, Ste 220, Plantation, FL 33324PPPTerm Loan1.0%6/2/20221.2 1.2 1.2 — %
Innervision Technology Relocation Company3780 Kilroy Airport Way, Ste 200-300, Long Beach, CA 90806PPPTerm Loan1.0%6/2/20227.4 7.4 7.4 — %
Marilyn Ontell Management14 W 17th St, Ste 5S, New York, NY 10011PPPTerm Loan1.0%6/2/20220.3 0.3 0.3 — %
Residential Origination Capital Mortgage Corp.5698 Pirrone Rd, Salida, CA 95368PPPTerm Loan1.0%6/2/20224.5 4.5 4.5 — %
Jessica Weber Design Inc305 7th Ave, New York, NY 10001PPPTerm Loan1.0%6/2/20223.9 3.9 3.9 — %
TK Digital Corporation107 North 3rd St, Ste 3D, Brooklyn, NY 11249PPPTerm Loan1.0%6/2/202210.8 10.8 10.8 — %
Provino's of North Gwinnett, Inc.14485 Hopewell Rd, Alpharetta, GA 30004PPPTerm Loan1.0%6/2/202224.0 24.0 24.0 0.01 %
General Glass3646 23rd Ave S, #105, Lake Worth, FL 33461PPPTerm Loan1.0%6/2/202213.3 13.3 13.3 — %
Zola Electric Labs, Inc.555 De Haro St, San Francisco, CA 94107PPPTerm Loan1.0%6/2/202250.0 50.0 50.0 0.01 %
286
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Elena Napolitano MD, LLC58 Summit Ct, Westfield, NJ 7090PPPTerm Loan1.0%6/2/20221.0 1.0 1.0 — %
T-Cubed Ventures, LLC3317 P St NW, Washington, DC 20007PPPTerm Loan1.0%6/2/20220.3 0.3 0.3 — %
St. Jude Emergency Medical Group Inc.9930 Research Dr, Irvine, CA 92618PPPTerm Loan1.0%6/2/202224.5 24.5 24.5 0.01 %
Breiner Psychological Services LLC5825 Glenridge Dr, Bldg 3, Ste 101C, Atlanta, GA 30328PPPTerm Loan1.0%6/2/20221.2 1.2 1.2 — %
Spruce Street TapPO Box 1636, Asheville, NC 28802PPPTerm Loan1.0%6/2/202268.5 68.5 68.5 0.02 %
ICVM Group, INC.PO Box 761, Mattituck, NY 11952PPPTerm Loan1.0%6/2/20227.2 7.2 7.2 — %
Black Orchard Studios, LLC521 Eayrestown Rd, Southampton, NJ 8088PPPTerm Loan1.0%6/2/20221.0 1.0 1.0 — %
Prime Refrigerant Services, LLC511 Gates Creek Rd, Bradenton, FL 34212PPPTerm Loan1.0%6/2/20221.2 1.2 1.2 — %
Swiet411, Inc.247 Maxwell St, Decatur, GA 30030PPPTerm Loan1.0%6/2/20222.5 2.5 2.5 — %
Wavecrest Sales LLC501 NE Wavecrest Way, Boca Raton, FL 33432PPPTerm Loan1.0%6/2/20222.0 2.0 2.0 — %
Alarm Specialist Inc333 Old Tarrytown Rd, White Plains, NY 10603PPPTerm Loan1.0%6/2/202220.0 20.0 20.0 0.01 %
CLG LLC5108 Baroque Cir NE, Atlanta, GA 30342PPPTerm Loan1.0%6/2/20222.1 2.1 2.1 — %
HIGGINS CONSTRUCTION LLC1626 Dunkirk Ln N, Plymouth, MN 55447PPPTerm Loan1.0%6/2/20224.2 4.2 4.2 — %
RBR Associates, LLC11720 Dancliff Trce, Alpharetta, GA 30009PPPTerm Loan1.0%6/2/20222.1 2.1 2.1 — %
Life Without Fear Chiropractic Clinic LLC1925 Justice Drive, Ste 170, Lexington, KY 40509PPPTerm Loan1.0%6/2/20222.5 2.5 2.5 — %
Joseph B. Krauss, DDS3351 El Camino Real, Ste 235, Atherton, CA 94027PPPTerm Loan1.0%6/2/20229.4 9.4 9.4 — %
Flynn Gallagher Associates LLC1980 Festival Plaza Dr, Ste 770, Las Vegas, NV 89135PPPTerm Loan1.0%6/2/202223.2 23.2 23.2 0.01 %
FGR Automation, LLC1800 Sunset Harbor, Unit 1202, Miami Beach, FL 33139PPPTerm Loan1.0%6/3/20227.1 7.1 7.1 — %
Law Offices of Rajiv S Khanna PC5225 N. Wilson Blvd, Arlington, VA 22205PPPTerm Loan1.0%6/3/202231.3 31.3 31.3 0.01 %
Travel Etcetera, Inc.1107 S Fair Oaks Ave, Pasadena, CA 91105PPPTerm Loan1.0%6/3/20220.6 0.6 0.6 — %
Samantha Hundshamer8223 Leucite Ave, Rancho Cucamonga, CA 91730PPPTerm Loan1.0%6/3/20220.8 0.8 0.8 — %
Porretta/Westenhagen Living Trust6454 Van Nuys Blvd, Ste 150, Van Nuys, CA 91401PPPTerm Loan1.0%6/3/20226.9 6.9 6.9 — %
Monument Management Systems LLC2400 Sisson St, Baltimore, MD 21211PPPTerm Loan1.0%6/3/20228.8 8.8 8.8 — %
287
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Compass Management Services LLC1711 Parklake Village Dr, Katy, TX 77450PPPTerm Loan1.0%6/3/20221.1 1.1 1.1 — %
El Tigre Productions LLC14 West 17th St, New York, NY 10011PPPTerm Loan1.0%6/3/20221.8 1.8 1.8 — %
UVR Sculpture LLC78 Ingraham St, Brooklyn, NY 11237PPPTerm Loan1.0%6/3/20229.8 9.8 9.8 — %
Solomon Construction Consulting LLC38 Turtle Cove Ln, Huntington, NY 11743PPPTerm Loan1.0%6/3/20220.7 0.7 0.7 — %
Fisher Vista, Inc.119 Marina Ave, Ste A, Aptos, CA 95003PPPTerm Loan1.0%6/3/20223.3 3.3 3.3 — %
New York Construction Associates LLC242 West 36th St, Ste 704, New York, NY 10018PPPTerm Loan1.0%6/3/20229.8 9.8 9.8 — %
Ultimate Sports Medicine3727 Buchanan St., Ste 203, San Francisco, CA 94123PPPTerm Loan1.0%6/3/20222.1 2.1 2.1 — %
Princeton Van Service92 north main St bldg 4, WINDSOR, NJ 8561PPPTerm Loan1.0%6/3/20221.7 1.7 1.7 — %
Crescent Oil and Gas, LLC4925 Greenville Ave, Ste 600, Dallas, TX 75206PPPTerm Loan1.0%6/3/20222.1 2.1 2.1 — %
David H.C. King, M.D., Inc.320 Dardanelli Ln, Ste 23B, Los Gatos, CA 95032PPPTerm Loan1.0%6/3/20223.8 3.8 3.8 — %
Renuart Enterprises Inc. (REI)16950 SW 90th Ave, Palmetto Bay, FL 33157PPPTerm Loan1.0%6/3/20227.3 7.3 7.3 — %
Integrated risk management services, llc225 West 34th St, Ste 905, New York, NY 10122PPPTerm Loan1.0%6/3/20220.6 0.6 0.6 — %
Subterranean Hair263 W 7th St, San Pedro, CA 90731PPPTerm Loan1.0%6/3/20220.9 0.9 0.9 — %
Steven R Bateh, DMD, PA1305 N Orange Ave, #116, Green Cove Springs, FL 32043PPPTerm Loan1.0%6/3/20223.7 3.7 3.7 — %
Apache Behavioral Health Services, Inc.249 W Ponderosa St, Whiteriver, AZ 85941PPPTerm Loan1.0%6/3/2022241.1 241.1 241.1 0.07 %
Saecularia LLC1552 N Cahuenga Blvd, Los Angeles, CA 90028PPPTerm Loan1.0%6/3/20223.8 3.8 3.8 — %
Bennett Elia3304 Cole Ave, Ste 171, Dallas, TX 75204PPPTerm Loan1.0%6/3/20224.2 4.2 4.2 — %
HAssan Medical Pain Relief and Wellness Center. DBA: Hassan Spine and Sports Medicine316 Tennent Rd, Ste 202A, Morganville, NJ 7751PPPTerm Loan1.0%6/3/20221.5 1.5 1.5 — %
Mazco Ventures LLC3410 Montrose Blvd, Houston, TX 77006PPPTerm Loan1.0%6/3/20220.3 0.3 0.3 — %
Parenteau Guidance132 E 35th St, Apt 3J, New York, NY 10016PPPTerm Loan1.0%6/3/20220.9 0.9 0.9 — %
Paul Leitner MD8540 S Sepulveda Blvd, Ste 910, Los Angeles, CA 90045PPPTerm Loan1.0%6/3/20223.9 3.9 3.9 — %
Ryan Berman Advisory, LLC161 Falcon Rd, Guilford, CT 6437PPPTerm Loan1.0%6/3/20222.1 2.1 2.1 — %
288
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Linda Lane PR & Marketing280 Edgewood Drive, West Palm Beach, FL 33405PPPTerm Loan1.0%6/3/20221.6 1.6 1.6 — %
Heath Tinsley1595 Sailing Club Rd, Camden, SC 29020PPPTerm Loan1.0%6/3/20220.4 0.4 0.4 — %
Innovative Waste Solutions LLC10300 W Charleston Blvd, Ste 13-B4, Las Vegas, NV 89135PPPTerm Loan1.0%6/3/20220.3 0.3 0.3 — %
over the moon619 Valley Rd, Montclair, NJ 7043PPPTerm Loan1.0%6/3/20223.4 3.4 3.4 — %
Fiber Connect LLC12 Buckingham Lane, Monterey, MA 1245PPPTerm Loan1.0%6/3/20224.7 4.7 4.7 — %
Dr. Stuart Schlisserman, MD211 Quarry Rd, Ste 203 MC5993, Stanford, CA 94304PPPTerm Loan1.0%6/3/20224.5 4.5 4.5 — %
Griffin Land Corp.115 North St, Ste 40, Litchfield, CT 6759PPPTerm Loan1.0%6/4/20222.1 2.1 2.1 — %
Mohlar Hurley Partners608 Santa Monica Blvd, Santa Monica, CA 90401PPPTerm Loan1.0%6/4/20221.8 1.8 1.8 — %
Avlis Partners LLC900 Golf View Ct, Dacula, GA 30019PPPTerm Loan1.0%6/4/20222.6 2.6 2.6 — %
G2 Computers LLC1116 Taylorsville Rd, Washington Crossing, PA 18977PPPTerm Loan1.0%6/4/20222.4 2.4 2.4 — %
Children's Dispensary & Hospital Association812 E Lasalle Ave, South Bend, IN 46617PPPTerm Loan1.0%6/4/20222.2 2.2 2.2 — %
Realign by Randee, Inc.730 Crystal Ct, Weston, FL 33326PPPTerm Loan1.0%6/4/20220.4 0.4 0.4 — %
Breckenridge Technologies, LLC2333 San Ramon Valley Blvd, Ste 460, San Ramon, CA 94583PPPTerm Loan1.0%6/4/20226.9 6.9 6.9 — %
Chris Soukas Furs LLC1050 Point Seaside Dr, Crystal Beach, FL 34681PPPTerm Loan1.0%6/4/20224.2 4.2 4.2 — %
BRAS NW INC317 NW Gilman Blvd, Ste 44, Issaquah, WA 98027PPPTerm Loan1.0%6/4/20221.1 1.1 1.1 — %
Metal Oxide Technologies LLC8807 Emmott Rd, Ste 100, Houston, TX 77040PPPTerm Loan1.0%6/4/202225.2 25.2 25.2 0.01 %
Social Leadia427 Country Ln, Louisville, KY 40207PPPTerm Loan1.0%6/4/20220.6 0.6 0.6 — %
Prime Sales & Marketing, Inc.3211 University Blvd SE, Ste A, Albuquerque, NM 87106PPPTerm Loan1.0%6/4/202224.7 24.7 24.7 0.01 %
Vreeke & Associates845 E Easy St., Ste 101, Simi Valley, CA 93065PPPTerm Loan1.0%6/4/20228.8 8.8 8.8 — %
THE MYOCARDITIS FOUNDATION3518 Echo Mountain Dr, Kingwood, TX 77345PPPTerm Loan1.0%6/4/20222.2 2.2 2.2 — %
Gerald A. Field d/b/a Gerald A. Field, Attorney at Law11 Asylum St, Hartford, CT 6103PPPTerm Loan1.0%6/4/20221.6 1.6 1.6 — %
Lisa Segmiller17211 Bellhaven Walk Ct, Charllote, NC 28277PPPTerm Loan1.0%6/4/20221.2 1.2 1.2 — %
289
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
MAYATEX, INC.5015 S IH 35, Georgetown, TX 78626PPPTerm Loan1.0%6/4/20224.7 4.7 4.7 — %
Rock Bottom Productions1125 E Broadway, #249, Glendale, CA 91205PPPTerm Loan1.0%6/4/20221.4 1.4 1.4 — %
Franciscan Poor Clares720 HENRY CLAY AVE, NEW ORLEANS, LA 70118PPPTerm Loan1.0%6/4/20222.0 2.0 2.0 — %
SKYMINA LLC3105 Cedar Rd, Yorktown Heights, NY 10598PPPTerm Loan1.0%6/4/20222.1 2.1 2.1 — %
Guardian Consulting Services, Inc.3333 New Hyde Park Rd, Ste 202, New Hyde Park, NY 11042PPPTerm Loan1.0%6/4/20228.0 8.0 8.0 — %
Kitty and Vibe, Inc126 13th St, 3rd Floor, Brooklyn, NY 11215PPPTerm Loan1.0%6/4/20220.6 0.6 0.6 — %
Oncology and Hematology Associates of Central Jersey PA2177 OAK TREE RD, Ste 104, Edison, NJ 8820PPPTerm Loan1.0%6/4/202212.0 12.0 12.0 — %
Serlin Consulting LLC1445 Gordon Terrace, Deerfield, IL 60015PPPTerm Loan1.0%6/4/20222.1 2.1 2.1 — %
Amanda Thompson Design4676 Dovefield Ln, Kannapolis, NC 28081PPPTerm Loan1.0%6/4/20220.3 0.3 0.3 — %
Cartoon Collections, LLC155 E 44th St, 29th Floor, New York, NY 10017PPPTerm Loan1.0%6/4/20224.4 4.4 4.4 — %
Farrell Remodeling, Inc.148 2nd St, Los Altos, CA 94022PPPTerm Loan1.0%6/4/202215.4 15.4 15.4 — %
Aircel LLC3033 Riviera Dr, Ste 101, Naples, FL 34103PPPTerm Loan1.0%6/4/202235.0 35.0 35.0 0.01 %
Make 3 Architecture1075 Brady Ave NW, Atlanta, GA 30318PPPTerm Loan1.0%6/4/20224.0 4.0 4.0 — %
Edgewater Services Co Ltd225 Greenfield Pkwy, Ste 202, Liverpool, NY 13088PPPTerm Loan1.0%6/4/20223.7 3.7 3.7 — %
Eva Davis4403 Chase Ave, Bethesda, MD 20814PPPTerm Loan1.0%6/4/20222.1 2.1 2.1 — %
Human Capital Management and Performance, LLC.6506 Mebane Oaks Rd, Mebane, NC 27302PPPTerm Loan1.0%6/4/20222.1 2.1 2.1 — %
Robert Spransy CPA257 Abercorn Cir, Chapel Hill, NC 27516PPPTerm Loan1.0%6/4/20221.5 1.5 1.5 — %
Unity Worldwide Ministries Eastern Region800 Blanton Ave, Richmond, VA 23221PPPTerm Loan1.0%6/4/20220.8 0.8 0.8 — %
Melanie S. Francis, LCSW116 W 23rd St., 5th Floor, New York, NY 10011PPPTerm Loan1.0%6/4/20221.6 1.6 1.6 — %
Fry Investment Company4241 N Winfield Scott Plaza, #201, Scottsdale, AZ 85251PPPTerm Loan1.0%6/4/202213.9 13.9 13.9 — %
RAZL LLC45 Coldstream Cir, Lincolnshire, IL 60069PPPTerm Loan1.0%6/4/20222.1 2.1 2.1 — %
New Experience1029 N Peachtree Parkway 268, Peachtree City, GA 30269PPPTerm Loan1.0%6/4/20226.9 6.9 6.9 — %
290
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Enhanced Affordable Management Company, LLC4221 Wilshire Blvd, Ste 260, Los Angeles, CA 90010PPPTerm Loan1.0%6/4/202212.0 12.0 12.0 — %
Socorro Corp900 Wilshire Blvd, Ste 2400, Los Angeles, CA 90017PPPTerm Loan1.0%6/4/20222.1 2.1 2.1 — %
Amanda Lopez23411 aliso viejo parkway, Aliso Viejo, CA 92656PPPTerm Loan1.0%6/4/20220.5 0.5 0.5 — %
Brodeur Kazanjian Beauty & Fashion LLC dba Queen Beauty1675 E Morten Ave, #4112, Phoenix, AZ 85020PPPTerm Loan1.0%6/4/20225.9 5.9 5.9 — %
Charm City Cakes2936 Remington Ave, Baltimore, MD 21211PPPTerm Loan1.0%6/4/20225.5 5.5 5.5 — %
James Reinish & Associates, Inc.25 E 73rd St, New York, NY 10021PPPTerm Loan1.0%6/5/20223.4 3.4 3.4 — %
Moody Creek Farms LLC31257 VIA MARIA ELENA, Bonsall, CA 92003PPPTerm Loan1.0%6/5/202235.4 35.4 35.4 0.01 %
YMCA of West San Gabriel Valley401 East Corto St, Alhambra, CA 91801PPPTerm Loan1.0%6/5/202215.7 15.7 15.7 — %
National Postdoctoral Association15800 Crabbs Branch Way, Derwood, MD 20855PPPTerm Loan1.0%6/5/20223.7 3.7 3.7 — %
Laura A. Brevetti575 5th Ave, 14th Floor, New York, NY 10017PPPTerm Loan1.0%6/5/20223.0 3.0 3.0 — %
Superius Securities Group Inc94 Grand Ave, Englewood, NJ 7631PPPTerm Loan1.0%6/5/20224.4 4.4 4.4 — %
CATWALK, LLC fka VITRINE LLC4300 Stevens Creek Blvd, Ste 126, San Jose, CA 95129PPPTerm Loan1.0%6/5/20220.6 0.6 0.6 — %
Michelle Frost Real Estate Sales3113 Roswell Rd, Ste 101, Marietta, GA 30062PPPTerm Loan1.0%6/5/20222.1 2.1 2.1 — %
Nezhat Medical Center P.C.5555 Peachtree Dunwoody Rd, Ste #276, Atlanta, GA 30342PPPTerm Loan1.0%6/5/20228.3 8.3 8.3 — %
MS-IR LLC88 Morningside Ave, Ste 7A, New York, NY 10027PPPTerm Loan1.0%6/5/20222.1 2.1 2.1 — %
Michael S. Blank Realty1870 Baldwin Rd. - Unit 69, Yorktown Heights, NY 10598PPPTerm Loan1.0%6/5/20221.3 1.3 1.3 — %
PDT LLC2812 Rivers Edge Rd, Louisville, KY 40222PPPTerm Loan1.0%6/5/20223.3 3.3 3.3 — %
Hrach Khudatyan MD, Inc134 N Glendale Ave, Glendale, CA 91206PPPTerm Loan1.0%6/5/20223.3 3.3 3.3 — %
Corona Jackson Refrigeration Service, Inc.59-6 Central Ave, Farmingdale, NY 11735PPPTerm Loan1.0%6/5/20222.8 2.8 2.8 — %
Hight Accounting Services LLC3209 E Wood Valley Rd NW, Atlanta, GA 30327PPPTerm Loan1.0%6/5/20220.5 0.5 0.5 — %
Seattle Ventures LLC2215 3rd Ave W, Seattle, WA 98119PPPTerm Loan1.0%6/5/20222.1 2.1 2.1 — %
Nottingham Investment Company LLLP1690 Derby Mesa Loop, Burns, CO 80426PPPTerm Loan1.0%6/5/20222.1 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 CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
CT Business Enterprises14703 Lyon Hill Ln, Huntersville, NC 28078PPPTerm Loan1.0%6/5/20220.5 0.5 0.5 — %
Sherman Law Group, a Professional Law Corporation9454 Wilshire Blvd, Beverly Hills, CA 90212PPPTerm Loan1.0%6/5/20224.2 4.2 4.2 — %
Salon Vivace VA, LLC680 Ingomar Rd, Wexford, PA 15090PPPTerm Loan1.0%6/5/202212.7 12.7 12.7 — %
Statewide Interpreters63 Milland Dr, Mill Valley, CA 94941PPPTerm Loan1.0%6/5/202211.7 11.7 11.7 — %
The Fiedler Companies, Inc.408 E 134th St, Bronx, NY 10454PPPTerm Loan1.0%6/5/20225.9 5.9 5.9 — %
Chris Matheos13726 Leadwell St, Van Nuys, CA 91405PPPTerm Loan1.0%6/5/20220.1 0.1 0.1 — %
Custom Trades Company129 Stonehedge Dr N, Greenwich, CT 6831PPPTerm Loan1.0%6/5/20220.5 0.5 0.5 — %
The JW Agency LLC707 Skokie Blvd, Ste 600, Northbrook, IL 60062PPPTerm Loan1.0%6/5/20223.6 3.6 3.6 — %
Precision Landscape Management Inc3130 Carter Jones Rd, Groveland, FL 34736PPPTerm Loan1.0%6/5/202219.0 19.0 19.0 0.01 %
Stonecrop Gardens Inc81 Stonecrop Ln, Cold Spring, NY 10516PPPTerm Loan1.0%6/5/202216.7 16.7 16.7 — %
Panache639 Pilot House Dr, Newport News, VA 23606PPPTerm Loan1.0%6/5/20227.1 7.1 7.1 — %
Justin W McClung d/b/a The McClung Group55 N Altwood Cir, Spring, TX 77382PPPTerm Loan1.0%6/5/20224.2 4.2 4.2 — %
Door Four LLC508 W 26th St, Ste 11A, New York, NY 10001PPPTerm Loan1.0%6/5/202213.2 13.2 13.2 — %
Grandview Advisors Inc.100 RIVERSIDE LN, Riverside, CT 6878PPPTerm Loan1.0%6/5/20221.5 1.5 1.5 — %
Andrew S. Gaffney Foundation245 South St, Morristown, NJ 7960PPPTerm Loan1.0%6/5/20221.4 1.4 1.4 — %
The Law Offices of Bob Camors1501 The Alameda, Ste 210, San Jose, CA 95126PPPTerm Loan1.0%6/5/20223.2 3.2 3.2 — %
Ash Health Corp316 Tennent Rd, Ste 202A, Morganville, NJ 7751PPPTerm Loan1.0%6/5/20221.7 1.7 1.7 — %
Anne T. Carlon M.D. P.C.425 E 58th St, #39A, New York, NY 10022PPPTerm Loan1.0%6/5/202212.4 12.4 12.4 — %
SDG Engineering PC121 Huntington Rd, Port Washington, NY 11050PPPTerm Loan1.0%6/5/20228.5 8.5 8.5 — %
Active Reading Clinic25 Hillcroft Way, Walnut Creek, CA 94597PPPTerm Loan1.0%6/5/20223.2 3.2 3.2 — %
JD Randall group4422 Sea Harbour Dr, Huntington Beach, CA 92649PPPTerm Loan1.0%6/5/20221.5 1.5 1.5 — %
American Friends of the Israel Museum545 5th Ave, Ste 920, New York, NY 10017PPPTerm Loan1.0%6/5/202213.2 13.2 13.2 — %
STSE - DBA Plaza Auto359 E Western Reserve Rd, Youngstown, OH 44514PPPTerm Loan1.0%6/5/20221.1 1.1 1.1 — %
292
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Green Rhino Recycling, LLC2809 Academy Dr SE, Auburn, WA 98092PPPTerm Loan1.0%6/5/20222.2 2.2 2.2 — %
Landmark Technologies LLC4806 S St Andrews Ln, Spokane, WA 99223PPPTerm Loan1.0%6/5/20222.8 2.8 2.8 — %
Jacqueline R. Moroco, D.D.S., M.S., P.A.4600 Linton Blvd, Ste 330, Delray Beach, FL 33445PPPTerm Loan1.0%6/5/202214.3 14.3 14.3 — %
Compacted Recycling Company LLC2809 Academy Dr SE, Auburn, WA 98092PPPTerm Loan1.0%6/5/20221.1 1.1 1.1 — %
LaFlower Construction, Inc.23888 Madison St, Torrance, CA 90505PPPTerm Loan1.0%6/5/20220.1 0.1 0.1 — %
DC Retina Docs PLLC3317 P St NW, Washington, DC 20007PPPTerm Loan1.0%6/5/20220.6 0.6 0.6 — %
Katherine W Luce1220 University Dr, Ste 104, Menlo Park, CA 94025PPPTerm Loan1.0%6/5/20221.3 1.3 1.3 — %
HYPRLABS INC.400 Concar Dr, San Mateo, CA 94402PPPTerm Loan1.0%6/5/202210.4 10.4 10.4 — %
Tmack Property Maintenance LLC14 Knollwood Dr, East Hanover, NJ 7936PPPTerm Loan1.0%6/5/20221.6 1.6 1.6 — %
Sea-Est Incorporated1741 W Beaver St, Jacksonville, FL 32209PPPTerm Loan1.0%6/8/202225.6 25.6 25.6 0.01 %
Gwinnett Cemeteries, LLC103 Crestview Church Rd, Warner Robins, GA 31088PPPTerm Loan1.0%6/8/202216.5 16.5 16.5 — %
Clint Dewey155 E 31st St, Apt 4S, New York, NY 10016PPPTerm Loan1.0%6/8/20222.1 2.1 2.1 — %
KP Auto Repair LLC12917 Percheron Ln, Oak Hill, VA 20171PPPTerm Loan1.0%6/8/20221.3 1.3 1.3 — %
Michael S Chlopak1 Claridge Drive, Apt PH 14, Verona, NJ 7044PPPTerm Loan1.0%6/8/20221.4 1.4 1.4 — %
Morgan Blakeley LLC255 Saint Paul St, Apt #220, Denver, CO 80206PPPTerm Loan1.0%6/8/20220.7 0.7 0.7 — %
Frank Nicholson Inc.360 Massachusetts Ave, Acton, MA 1720PPPTerm Loan1.0%6/8/20228.6 8.6 8.6 — %
John Merrick3209 Centenary Ave, Dallas, TX 75225PPPTerm Loan1.0%6/8/20222.0 2.0 2.0 — %
Music Center Inc. dba Haight Ashbury Music Center; dba Gelb Music722 El Camino Real, Redwood City, CA 94063PPPTerm Loan1.0%6/8/20229.5 9.5 9.5 — %
Korhan Beba17 Oak Hill Rd, Branchburg, NJ 8853PPPTerm Loan1.0%6/8/20220.5 0.5 0.5 — %
Grenville Owners Corp.225 Bennett Ave, Ste 1K, New York, NY 10040PPPTerm Loan1.0%6/8/20223.2 3.2 3.2 — %
Camfed U.S.A. Foundation466 Geary St, Ste 400, San Francisco, CA 94102PPPTerm Loan1.0%6/8/202218.2 18.2 18.2 0.01 %
National Roofing1237 Circle Ave, Forest Park, IL 60130PPPTerm Loan1.0%6/8/202252.5 52.5 52.5 0.02 %
Dental Designs of Naples5048 Tamiami Trail N, Naples, FL 34103PPPTerm Loan1.0%6/9/202221.1 21.1 21.1 0.01 %
293
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Ronald A. Williams Ltd5540 Falmouth St Ste 303, Richmond, VA 23230PPPTerm Loan1.0%6/9/20223.8 3.8 3.8 — %
National Foundation for Infectious Diseases (NFID)7201 Wisconsin Ave, Ste 750, Bethesda, MD 20814PPPTerm Loan1.0%6/9/20229.9 9.9 9.9 — %
The Junior League of Pensacola, Florida, Incorporated2016 W. Garden St., Pensacola, FL 32502PPPTerm Loan1.0%6/9/20220.5 0.5 0.5 — %
David Dee Fine Arts1374 E Arlington Drive, Salt Lake City, UT 84108PPPTerm Loan1.0%6/9/20220.6 0.6 0.6 — %
HERBERT CHARLES SCHWAT1940 Biltmore St NW, Apt 32, Washington, DC 20009PPPTerm Loan1.0%6/9/20222.1 2.1 2.1 — %
ATL Advisory LLC76 Bellefair Rd, Rye Brook, NY 10573PPPTerm Loan1.0%6/9/20222.1 2.1 2.1 — %
Kushnika, Inc.14766 Live Oak Ln, Saratoga, CA 95070PPPTerm Loan1.0%6/9/20220.7 0.7 0.7 — %
Gabriella New York, LLC155 Wooster St., Unit 3W, New York, NY 10012PPPTerm Loan1.0%6/9/20223.1 3.1 3.1 — %
Luxury Destinations151 Melius Rd, Warren, CT 6754PPPTerm Loan1.0%6/9/20221.6 1.6 1.6 — %
G&A Rehab, Inc3333 Skypark Drive, Ste 220, Torrance, CA 90505PPPTerm Loan1.0%6/9/202215.8 15.8 15.8 — %
CCR Investment Group dba Equity Finance Group2271 W. Malvern ave, Ste 424, Fullerton, CA 92833PPPTerm Loan1.0%6/9/20225.1 5.1 5.1 — %
OCC installations12102 Manley St, Garden Grove, CA 92845PPPTerm Loan1.0%6/9/20220.7 0.7 0.7 — %
Charm City Cakes West8302 Melrose Ave, Los Angeles, CA 90069PPPTerm Loan1.0%6/9/20226.6 6.6 6.6 — %
Cape fear kickboxing inc7122 Market St, Ste 120, Wilmington, NC 28411PPPTerm Loan1.0%6/9/20224.9 4.9 4.9 — %
Solstice Adventure, LLC1521 Alton Rd, #802, Miami Beach, FL 33139PPPTerm Loan1.0%6/9/20220.9 0.9 0.9 — %
Standard Wedding Band Co Inc951 Franklin Ave, Garden City, NY 11530PPPTerm Loan1.0%6/10/20223.5 3.5 3.5 — %
Michigan Braille Transcribing Fund3500 N. Elm, Jackson, MI 49201PPPTerm Loan1.0%6/10/20224.7 4.7 4.7 — %
Joy DiNapoli154 Beach Ave, Larchmont, NY 10538PPPTerm Loan1.0%6/10/20221.0 1.0 1.0 — %
PJH Partners LLC455 East Paces Ferry Rd NE, Ste 214, Atlanta, GA 30305PPPTerm Loan1.0%6/10/20220.9 0.9 0.9 — %
Christine Yi111 E 30th St, Ste 8B, New York, NY 10016PPPTerm Loan1.0%6/10/20220.8 0.8 0.8 — %
Intrepid7 Quail Ridge Rd S, Rolling Hills, CA 90274PPPTerm Loan1.0%6/10/20226.9 6.9 6.9 — %
J3 Consulting, LLC1 Mountain Oaks Park, Glendale, CA 91214PPPTerm Loan1.0%6/10/20222.1 2.1 2.1 — %
Don Marshall CPA Inc3427 S Walker Ave, San Pedro, CA 90731PPPTerm Loan1.0%6/10/20221.0 1.0 1.0 — %
294
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Cassidy Holdings, LLC7712 Hillside Dr, La Jolla, CA 92037PPPTerm Loan1.0%6/10/20221.2 1.2 1.2 — %
AUREUS CAPITAL LLC216 E Sheridan Pl, Lake Bluff, IL 60044PPPTerm Loan1.0%6/10/20221.3 1.3 1.3 — %
Timothy F. Lester8 Forest Dr, Westport, CT 6880PPPTerm Loan1.0%6/10/20220.5 0.5 0.5 — %
Hamilton Hill LLC905 W Main St, Durham, NC 27701PPPTerm Loan1.0%6/10/20224.3 4.3 4.3 — %
Rain Wine National Corp2608 SW River Shore Dr, Port St. Lucie, FL 34984PPPTerm Loan1.0%6/10/20222.1 2.1 2.1 — %
Mora Investment Management9 W Star Island Dr, Miami Beach, FL 33139PPPTerm Loan1.0%6/10/20221.2 1.2 1.2 — %
Mark Friedman210 W 101st St, Ste 5E, New York, NY 10025PPPTerm Loan1.0%6/10/20222.1 2.1 2.1 — %
Grunberger Diamonds Incorporated98 Cutter Mill Rd, Great Neck Plaza, NY 11021PPPTerm Loan1.0%6/10/20228.4 8.4 8.4 — %
Examoto LLC125 Booth Ln, Haverford, PA 19041PPPTerm Loan1.0%6/10/20225.3 5.3 5.3 — %
Michael Slayton General Contracting, Inc232 N Lonehill Ave, Glendora, CA 91741PPPTerm Loan1.0%6/11/20221.2 1.2 1.2 — %
Joseph Haraszti2810 East Del Mar Blvd, Ste 8A, Pasadena, CA 91107PPPTerm Loan1.0%6/11/20222.9 2.9 2.9 — %
Statement Lawn and Landscape, Inc.19520 W 95th St, Lenexa, KS 66220PPPTerm Loan1.0%6/11/20221.1 1.1 1.1 — %
Alexis D. Bodenheimer205 East 92nd St, Apt 27A, New York, NY 10128PPPTerm Loan1.0%7/2/20222.1 2.1 2.1 — %
Augusta Grant Travel1428 Hemingway Place, Naples, FL 34103PPPTerm Loan1.0%7/9/20220.7 0.7 0.7 — %
NEUMENTUM, INC.250 Colorado Ave, Palo Alto, CA 94301PPPTerm Loan1.0%7/9/20224.9 4.9 4.9 — %
Paige Hoholik LLC210 St Paul St, Denver, CO 80206PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Birdie Golf Ball Company208 Margate Ct, Margate, FL 33063PPPTerm Loan1.0%7/15/20220.9 0.9 0.9 — %
Rachel Dack Counseling LLC6917 Arlington Rd, #222, Bethesda, MD 20814PPPTerm Loan1.0%7/15/20221.3 1.3 1.3 — %
Law Office of Swati P Mantione, P.C.12 Thadford St, East Northport, NY 11731PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Amanda Reynal Interiors1417 Walnut St, Ste D, Des Moines, IA 50309PPPTerm Loan1.0%7/15/20221.8 1.8 1.8 — %
Clark A Miller Sales LTD1205 Tuscany Ct, Alpharetta, GA 30004PPPTerm Loan1.0%7/15/20220.6 0.6 0.6 — %
Lucy McRae1340 E 6th St, Los Angeles, CA 90021PPPTerm Loan1.0%7/15/20221.7 1.7 1.7 — %
The Great Escape Room Tampa LLC300 E Madison St, #301, Tampa, FL 33602PPPTerm Loan1.0%7/15/20224.7 4.7 4.7 — %
295
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
Woodrow Orlando LLC DBA The Great Escape Room Orlando525 Woodstead Ct, Longwood, FL 32779PPPTerm Loan1.0%7/15/20222.0 2.0 2.0 — %
Mary Jane Marchisotto dba MJM Advisory, LLC245 E 87th St, Apt 9F, New York, NY 10128PPPTerm Loan1.0%7/15/20220.6 0.6 0.6 — %
Copperfield Investment & Development Company1721 Crystal Ann Ave, Las Vegas, NV 89106PPPTerm Loan1.0%7/15/20221.2 1.2 1.2 — %
Score OKC18509 N Meridian Ave, Edmond, OK 73012PPPTerm Loan1.0%7/15/20223.0 3.0 3.0 — %
Lead Tek Plating27555 SW Boones Ferry Rd, Wilsonville, OR 97070PPPTerm Loan1.0%7/15/202220.0 20.0 20.0 0.01 %
Dan Counts & Associates, Inc.1780 Prescott Ave, Monterey, CA 93940PPPTerm Loan1.0%7/15/20221.1 1.1 1.1 — %
Diamondback Golf Course, LLC500 Harborview Drive, Third Floor, Baltimore, MD 21230PPPTerm Loan1.0%7/15/20227.6 7.6 7.6 — %
Josh Madonick Physical Therapy86 Eucalyptus Rd, Petaluma, CA 94952PPPTerm Loan1.0%7/15/20220.3 0.3 0.3 — %
RHBerman Consulting161 Falcon Rd, Guilford, CT 6437PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
MPYRE HOLDING CO1723 23rd Ave, San Francisco, CA 94122PPPTerm Loan1.0%7/15/20221.7 1.7 1.7 — %
NICK A. DEFILIPPIS, PHD, PC990 Hammond Dr, Ste 575, Sandy Springs, GA 30328PPPTerm Loan1.0%7/15/20221.6 1.6 1.6 — %
Orloff Eye Group, Inc.1 Plume Grass Way, Westhampton, NY 11977PPPTerm Loan1.0%7/15/20224.8 4.8 4.8 — %
Protestant Episcopal Church In The Diocese of California2791 Driscoll Rd, Fremont, CA 94539PPPTerm Loan1.0%7/15/20222.5 2.5 2.5 — %
The Great Escape Room New York LLC1150 University Ave Bldg 5, Ste 12A, Rochester, NY 14607PPPTerm Loan1.0%7/15/20222.2 2.2 2.2 — %
K.S.M Enterprises Inc. DBA Michaels Shell2589 N Lakewood Blvd, Long Beach, CA 90815PPPTerm Loan1.0%7/15/20224.0 4.0 4.0 — %
Bobbie Baron Inc.1633 Broadway, New York, NY 10019PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
DEAFLINK INC57 Ludlow Ln, Palisades, NY 10964PPPTerm Loan1.0%7/15/20221.3 1.3 1.3 — %
Joseph L. Lester, M.D., P.C.2201 Evans Drive, Opelika, AL 36801PPPTerm Loan1.0%7/15/20225.5 5.5 5.5 — %
Weber Brands, LLC50 Pine Hill Rd, Great Neck, NY 11020PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Robert M. Tudisco, Esq.90 Stebbins Ave, Eastchester, NY 10709PPPTerm Loan1.0%7/15/20221.4 1.4 1.4 — %
Propel A Charter Management Group Inc5200 Irwindale Ave, Irwindale, CA 91706PPPTerm Loan1.0%7/15/202229.8 29.8 29.8 0.01 %
Sunburst Decorative Rock, Inc282 Live Oak Ave, Irwindale, CA 91706PPPTerm Loan1.0%7/15/202218.3 18.3 18.3 0.01 %
Nancy R. Reinish336 Central Park West, New York, NY 10025PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
296
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
The Great Escape Room Chicago160 E Grand Ave, #400, Chicago, IL 60611PPPTerm Loan1.0%7/15/20223.9 3.9 3.9 — %
Daydream Reels LLC3615 N Kenilworth St, Arlington, VA 22207PPPTerm Loan1.0%7/15/20221.3 1.3 1.3 — %
C Sensei Group LLC1730 S Federal Hwy, Ste 280, Delray Beach, FL 33483PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Dockum Research Lab, Inc844 E Mariposa St, Altadena, CA 91001PPPTerm Loan1.0%7/15/20226.4 6.4 6.4 — %
306 Hollywood LLC14 West 17th St, New York, NY 10011PPPTerm Loan1.0%7/15/20221.2 1.2 1.2 — %
Irvine Optometry17585 Harvard Ave,, Ste E, Irvine, CA 92614PPPTerm Loan1.0%7/15/20224.5 4.5 4.5 — %
Double H Farms, LLC15050 Golden Point Ln, Wellington, FL 33414PPPTerm Loan1.0%7/15/202212.9 12.9 12.9 — %
The Nashville Dermatology And Skin Cancer Clinic, P.C.2222 State St, Ste A, Nashville, TN 37203PPPTerm Loan1.0%7/15/20224.4 4.4 4.4 — %
Harper Road Treatment Center1802 Harper Rd, Ste 202, Beckley, WV 25801PPPTerm Loan1.0%7/15/20222.6 2.6 2.6 — %
Sense Education, Inc.1 W 85th St, New York, NY 10024PPPTerm Loan1.0%7/15/202212.0 12.0 12.0 — %
PR Realty Management LLC2207 Coney Island Ave, Brooklyn, NY 11223PPPTerm Loan1.0%7/15/202219.2 19.2 19.2 0.01 %
Roadtrip Productions IncOne Penn Plaza, Ste 3500, New York, NY 10119PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Hirezi & Hirezi, D.M.D., P.A.4495 Baymeadows Rd, Jacksonville, FL 32217PPPTerm Loan1.0%7/15/20227.4 7.4 7.4 — %
NTR Partners Administration LLC11726 San Vicente Blvd, Ste 290, Los Angeles, CA 90049PPPTerm Loan1.0%7/15/20223.5 3.5 3.5 — %
Bartman Bros.11777 San Vicente Blvd, Ste 600, Los Angeles, CA 90049PPPTerm Loan1.0%7/15/20225.8 5.8 5.8 — %
Kleopatra Productions, Inc.4230 Gardendale, Ste 101, San Antonio, TX 78229PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
PHILIP F. STOTTS4985 Stonehaven Dr., Yorba Linda, CA 92887PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Rajan Shah MD PA1060 BRd St, Newark, NJ 7102PPPTerm Loan1.0%7/15/20224.1 4.1 4.1 — %
Surco Products, Inc.14001 S Main St, Los Angeles, CA 90061PPPTerm Loan1.0%7/15/20227.5 7.5 7.5 — %
Joel Diaz Training Camp, LLC.40795 Adriatico Ct, Indio, CA 92203PPPTerm Loan1.0%7/15/20221.4 1.4 1.4 — %
John J. McMahon80 Main St, West Orange, NJ 7052PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Auto Trim Design of Northeastern New York Inc83 Ellison St, Milton, VT 5468PPPTerm Loan1.0%7/15/20227.0 7.0 7.0 — %
Steven Robert Justman aka Steven Justman54 Banksville Rd, North Castle, NY 10504PPPTerm Loan1.0%7/15/20222.0 2.0 2.0 — %
297
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
J. Li Brand LTD63 Roebling St, #6L, Brooklyn, NY 11211PPPTerm Loan1.0%7/15/20223.5 3.5 3.5 — %
John Berry Turbidy1501 Silver King Dr, Aspen, CO 81611PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Hanson & Schwam Public Relations LLC9350 Wilshire Blvd, #315, Beverly Hills, CA 90212PPPTerm Loan1.0%7/15/20220.8 0.8 0.8 — %
Debra L. Holt233 NW 36th St, Miami, FL 33127PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Kenneth Baer16 Millstone Dr, East Windsor, NJ 8512PPPTerm Loan1.0%7/15/20220.5 0.5 0.5 — %
Model Partner, LLC19 William Close Ct, Warwick, NY 10990PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
ARJ Medical LLC2827 Frontier Trail, Atlanta, GA 30341PPPTerm Loan1.0%7/15/20221.0 1.0 1.0 — %
David Raksin1010 16th St, #543, San Francisco, CA 94107PPPTerm Loan1.0%7/15/20222.1 2.1 2.1 — %
Constance Scharff8584 Blue Grouse Way, Blaine, WA 98230PPPTerm Loan1.0%7/15/20220.7 0.7 0.7 — %
Mazza Real Estate, LLC402 Page St, Cary, NC 27511PPPTerm Loan1.0%7/15/20220.8 0.8 0.8 — %
JP Davis Farms10100 Suzanne Dr, River Ridge, LA 70123PPPTerm Loan1.0%7/15/20221.2 1.2 1.2 — %
Total SBA Guaranteed Accrual Investments$15,888.9 $15,888.9 $16,747.1 4.94 %


298
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
MIT LLC(*)11 North Peach ST., Medford, OR 97504Publishing Industries (except Internet)Term LoanPrime plus 2.75%3/31/2042254.7 254.7 254.7 0.08 %
Neville Galvanizing, Inc(*)2983 Grand Ave, Pittsburgh, PA 15225Fabricated Metal Product ManufacturingTerm LoanPrime plus 2.75%12/15/2042707.1 707.1 707.1 0.21 %
Kneading Dough LLC dba NY Bagel Cafe & Deli,NY Bagle, New York Bagle,N(*)10287 Okeechobee Blvd #13, Royal Palm Beach, FL 33411Food Services and Drinking PlacesTerm LoanPrime plus 2.75%8/23/2029101.0 101.0 101.0 0.03 %
Chavero's Auto(*)1364 E Palma Vista Drive, Palmview, TX 78572Motor Vehicle and Parts DealersTerm LoanPrime plus 6.5%10/11/202912.5 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 %
299
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 11716Data processing, Hosting, and Related Services50% Membership Interest—%— — — — — %
Term Loan3%Dec 2014381.0 381.0 — — %
Automated Merchant Services, Inc.(*,#) (7) (21)12230 Forest Hill Blvd., Wellington, FL 33414Data processing, Hosting, and Related Services100% Common Stock—%— — — — — %
CDS Business Services, Inc.(*,#) (8)1985 Marcus Ave., Lake Success, NY 11042Securities, Commodity Contracts, and Other Financial Investments and Related Activities100% Common Stock—%— — 4,428.0 — — %
Line of Credit10%Dec 20219,560.0 9,560.0 5,900.0 1.74 %
Newtek Technology Solutions, Inc.(*,#) (25)1904 W. Parkside Lane Phoenix, AZ 85027Data processing, Hosting, and Related Services100% Common Stock—%— — 19,503.7 29,999.7 8.84 %
Line of Credit10%Nov 202810,821.0 10,821.0 10,821.0 3.19 %
Line of CreditPrime plus 0.5%April 2021750.0 750.0 750.0 0.22 %
Line of CreditPrime plus 0.5%July 2022100.0 225.0 225.0 0.07 %
Newtek Insurance Agency, LLC(*,#) (13)1981 Marcus Ave., Lake Success, NY 11042Insurance Carriers and Related Activities100% Membership Interest—%— — 135.0 2,150.0 0.63 %
PMTWorks Payroll, LLC(*,#) (9)1981 Marcus Ave., Lake Success, NY 11042Data processing, Hosting, and Related Services100% Membership Interest—%— — 1,878.1 — — %
Term Loan10%Oct 2021435.0 435.0 — — %
Term Loan10%May 2022750.0 750.0 — — %
Term Loan12%May 2022500.0 500.0 — — %
Term Loan10%July 20221,000.0 1,000.0 — — %
Small Business Lending, LLC(*,#) (12)1981 Marcus Ave., Lake Success, NY 11042Securities, Commodity Contracts, and Other Financial Investments and Related Activities100% Membership Interest—%— — 598.0 9,650.4 2.84 %
Term Loan10%June 2021400.0 400.0 400.0 0.12 %
ADR Partners, LLC dba banc-serv Partners, LLC(*,#) (26)8777 Purdue Rd, Indianapolis, IN 46268Securities, Commodity Contracts, and Other Financial Investments and Related Activities100% Membership Interest—%— — 7,085.2 — — %
Newtek Merchant Solutions, LLC(#) (11)1981 Marcus Ave., Lake Success, NY 11042Data processing, Hosting, and Related Services100% Membership Interest—%— — 16,438.0 111,500.0 32.86 %
Mobil Money, LLC(#) (17)1981 Marcus Ave., Lake Success, NY 11042Data processing, Hosting, and Related Services100% Membership Interest—%— — 2,980.0 2,500.0 0.74 %
300
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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 Activities100% Membership Interest—%— — 39,912.0 43,541.8 12.83 %
Newtek Conventional Lending, LLC(#) (18) (23)1981 Marcus Ave., Lake Success, NY 11042Securities, Commodity Contracts, and Other Financial Investments and Related Activities50% Membership Interest—%— — 19,002.0 20,028.0 5.90 %
Titanium Asset Management, LLC(*,#) (14)1981 Marcus Ave., Lake Success, NY 11042Administrative and Support ServicesTerm Loan10%March 2021900.0 900.0 655.1 0.19 %
100% Membership Interest—%— — — — — %
Excel WebSolutions, LLC(*,#) (15)888 East Brighton Ave. Syracuse, NY 13205Data processing, Hosting, and Related ServicesTerm Loan10%Sept 2021159.2 159.2 — — %
100% Membership Interest—    — %
POS on Cloud, LLC(#) (20)1981 Marcus Ave., Lake Success, NY 11042Data processing, Hosting, and Related ServicesTerm Loan10%Sept 2023850.0 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 %
301
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair Value% of Net Assets
SBA Unguaranteed Accrual Investments (1) (22)
EMCAP Loan Holdings, LLC(+,#) (19) (16)1140 Reservoir Ave., Cranston, RI 02920Securities, Commodity Contracts, and Other Financial Investments and Related Activities6.04% Membership Interest—%— $— $1,000.0 $1,000.0 0.29 %
ARC Metal Stamping, LLC(#)4111 Munson Hwy, Hudson, MI 49247Machinery ManufacturingTerm Loan5 Yr Tr plus 7.43%1/1/20455,447.4 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 three 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.).
302
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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.
303
See accompanying notes to consolidated financial statements.

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
DECEMBER 31, 2020
(In Thousands)
Portfolio CompanyTickmarksCompany AddressIndustryType of InvestmentInterest Rate (2)MaturityPrincipalCostFair 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.

304
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.

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.

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.

305


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.

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 March 31, 2021, cash deposits in excess of insured amounts totaled $28.8 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 March 31, 2021.
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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, and cash reserves associated with securitization transactions. As of March 31, 2021, total restricted cash was $84.4 million.

The following table provides a reconciliation of cash and restricted cash as of March 31, 2021 and 2020 and December 31, 2020 and 2019:
March 31, 2021March 31, 2020December 31, 2020December 31, 2019
Cash$3,716 37,073 2,073 $1,762 
Restricted cash84,351 33,452 49,352 31,445 
Cash and restricted cash$88,067 $70,525 $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.
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.

307


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 three months ended March 31, 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 $12.0 million and $11.4 million at March 31, 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.

In addition, the first round of PPP began in the second quarter of 2020. The SBA reimburses the Company for originating PPP loans and such SBA reimbursements are included as interest income on PPP loans. Such fees are accounted for under ASC-310 Receivables and deferred until the PPP 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 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) may continue to have their PPP loans closed and funded by their lenders. NSBF expects to continue to close and fund the balance of its PPP loans by the end of the second quarter of 2021. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate. See “Recent Developments - Exhaustion of PPP Funding.”

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
308


ratably over the requisite service period or vesting term.

New Accounting Standards

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. While the Company is currently assessing the impact of ASU 2020-04, the Company does not expect the adoption to have a material impact on its 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. No significant changes to our significant subsidiaries were noted.

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. Early application is not permitted. All entities should apply ASU 2020-08 on a prospective basis as of the beginning of the period of adoption for existing or newly purchased callable debt securities. The Company does not expect the adoption to have a material impact on its consolidated financial statements since the Company does not have any convertible debt.

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.

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. Early adoption was permitted. The Company does not expect the adoption of ASU 2019-12 to have a material impact on its 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.

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NOTE 3—INVESTMENTS:

Investments, all of which are in portfolio companies in the United States, consisted of the following at:
March 31, 2021December 31, 2020
CostFair ValueCostFair Value
Non-affiliate debt investments$470,406 $464,394 $437,364 $425,570 
Non-control investments:
Equity1,000 1,000 1,000 1,000 
Debt5,430 5,957 5,447 5,447 
Controlled investments:
Equity97,308 206,260 92,958 199,342 
Equity interest in NCL (Joint Venture)19,002 19,835 19,002 20,028 
Debt35,831 28,701 26,931 19,801 
Total investments$628,977 $726,147 $582,702 $671,188 

SBA unguaranteed investments consisted of the following breakdown of accrual and non-accrual loans at:
March 31, 2021December 31, 2020
CostFair ValueCostFair Value
Accrual$370,414 $384,798 $364,957 $378,329 
Non-Accrual52,874 27,222 55,443 29,419 
Total SBA unguaranteed investments$423,288 $412,020 $420,400 $407,748 

SBA guaranteed investments consisted of the following breakdown of accrual and non-accrual loans at:
March 31, 2021December 31, 2020
CostFair ValueCostFair Value
Accrual$46,020 $51,276 $15,889 $16,747 
Non-Accrual1,098 1,098 1,075 1,075 
Total SBA guaranteed investments$47,118 $52,374 $16,964 $17,822 

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) may continue to have their PPP loans closed and funded by their lenders. NSBF expects to close and fund the balance of its PPP loans by the end of the second quarter 2021. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate. See “Recent Developments - Exhaustion of PPP Funding.”

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 $0.4 billion funded during three months ended ended March 31, 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
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(“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 March 31, 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:

March 31, 2021December 31, 2020
CostFair ValueCostFair Value
7(a)$40,919 $46,175 $9,369 $10,227 
PPP1
5,101 5,101 6,520 6,520 
Accrual SBA guaranteed investments$46,020 $51,276 $15,889 $16,747 
(1) 10% participation interests in 345 SBA guaranteed loans originated under the PPP by NSBF.
The following table shows the Company’s portfolio investments by industry at:

March 31, 2021December 31, 2020
CostFair ValueCostFair Value
Data Processing, Hosting, and Related Services$56,898 $158,373 $56,900 $156,874 
Securities, Commodity Contracts, and Other Financial Investments and Related Activities76,840 75,408 63,635 61,135 
Food Services and Drinking Places38,978 40,170 38,142 38,832 
Professional, Scientific, and Technical Services27,583 27,311 26,571 25,998 
Amusement, Gambling, and Recreation Industries25,847 26,294 25,187 25,509 
Ambulatory Health Care Services27,246 25,297 20,365 17,626 
Truck Transportation29,831 24,314 30,684 24,341 
Repair and Maintenance21,017 22,352 17,650 18,521 
Specialty Trade Contractors18,318 17,924 17,207 16,673 
Administrative and Support Services17,044 16,587 14,612 13,962 
Fabricated Metal Product Manufacturing15,656 16,414 15,834 16,484 
Merchant Wholesalers, Durable Goods15,663 16,140 12,507 12,843 
Personal and Laundry Services13,196 14,157 13,303 14,192 
Food Manufacturing13,670 12,887 13,923 12,990 
Merchant Wholesalers, Nondurable Goods13,184 12,375 13,607 12,853 
Social Assistance10,230 11,392 10,075 11,147 
Accommodation10,983 11,160 11,704 12,072 
Construction of Buildings8,469 8,548 4,615 4,246 
Rental and Leasing Services8,526 8,136 8,955 8,505 
Building Material and Garden Equipment and Supplies Dealers7,491 7,832 6,660 6,862 
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Nonstore Retailers7,163 7,277 6,403 6,319 
Gasoline Stations7,620 7,281 7,928 7,727 
Machinery Manufacturing7,360 7,697 7,119 6,969 
Motor Vehicle and Parts Dealers6,719 6,858 5,838 5,863 
NCL (Joint Venture)19,002 19,835 19,002 20,028 
Other124,443 124,128 114,276 112,617 
Total$628,977 $726,147 $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 following table shows NCL’s individual investments as of March 31, 2021:

Portfolio CompanyIndustryInvestment TypeInterest RateMaturityPrincipalCost
Fair Value1
10 28th Ave SW Associates LLCFitness and Recreational Sport CentersTerm Loan5 Yr Libor plus 5.50%4/1/2045$2,258 $2,213 $2,181 
10 28th Ave SW Associates LLCFitness and Recreational Sport CentersTerm Loan5 Yr Libor plus 5.50%4/1/20451,271 1,242 1,228 
Cocoa Beach Office LLCOther Activities Related to Credit IntermediationTerm Loan2 Yr Libor plus 5.70%8/1/2044427 412 426 
Foxhall Hospitality, LLCHotels (except Casino Hotels) and MotelsTerm Loan5 Yr Libor plus 6.00%11/1/204410,431 10,223 10,729 
Foxhall Hospitality, LLCHotels (except Casino Hotels) and MotelsTerm Loan5 Yr Libor plus 6.00%11/1/20446,101 5,980 6,275 
The Camera Division, LLCCommecial & Industrial Machinery & EquipmentTerm Loan5 Yr Libor plus 7.25%9/1/202911,144 10,808 11,144 
The Emerald Green Group, LLCFull-Service RestaurantTerm Loan2 Yr Libor plus 5.65%8/1/20296,101 5,924 6,071 
XL Soccer World Orlando II LLCFitness and Recreational Sport CentersTerm LoanPrime plus 3.25%11/1/20454,994 4,843 4,994 
XL Sports World NJ LLC and XL Soccer World Orlando LLCFitness and Recreational Sport CentersTerm Loan5 Yr Libor plus 5.50%8/1/20446,164 6,010 6,405 
XL Sports World NJ LLC and XL Soccer World Orlando LLCFitness and Recreational Sport CentersTerm Loan5 Yr Libor plus 5.50%8/1/20444,739 4,622 4,862 
Tricare Unlimited LLC and Geron Enterprises LLCNursing Care Facillities(Skilled Nursing Facilities)Term Loan2 Yr Treasury plus 6.51%1/1/20455,674 5,518 5,994 
E Entities LLCExterminating & Pest Control ServicesTerm Loan5 Yr Treasury plus 7.71%1/1/20305,555 5,417 5,940 
Trinity MCC Realty, LLCMotor Vehicle and Parts Dealers Term Loan5 Yr Treasury plus 6.58%2/1/20455,141 4,997 5,395 
Jaffe Real Estate LLCFull-Service RestaurantTerm Loan5 Yr Treasury plus 7.93%4/1/20452,248 2,186 2,248 
Berry Ventures IncPainting & Wall Covering ContractorsTerm Loan5 Yr Treasury plus 7.25%4/1/2045470 457 495 
Total$72,718 $70,852 $74,387 
(1) Fair value determined using significant unobservable inputs.

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The following table shows NCL’s individual investments as of December 31, 2020:
Portfolio CompanyIndustryInvestment TypeInterest RateMaturityPrincipalCost
Fair Value1
10 28th Ave SW Associates LLCFitness and Recreational Sport CentersTerm Loan5 Yr Libor plus 5.50%4/1/2045$2,268 $2,223 $2,130 
10 28th Ave SW Associates LLCFitness and Recreational Sport CentersTerm Loan5 Yr Libor plus 5.50%4/1/20451,277 1,248 1,199 
Cocoa Beach Office LLCOther Activities Related to Credit IntermediationTerm Loan2 Yr Libor plus 5.70%8/1/2044429 414 430 
Foxhall Hospitality, LLCHotels (except Casino Hotels) and MotelsTerm Loan5 Yr Libor plus 6.00%11/1/204410,470 10,261 10,840 
Foxhall Hospitality, LLCHotels (except Casino Hotels) and MotelsTerm Loan5 Yr Libor plus 6.00%11/1/20446,124 6,002 6,340 
The Camera Division, LLCCommecial & Industrial Machinery & EquipmentTerm Loan5 Yr Libor plus 7.25%9/1/202911,144 10,802 11,144 
The Emerald Green Group, LLCFull-Service RestaurantTerm Loan2 Yr Libor plus 5.65%8/1/20296,127 5,947 6,049 
XL Soccer World Orlando II LLCFitness and Recreational Sport CentersTerm LoanPrime plus 3.25%11/1/20454,557 4,405 4,517 
XL Sports World NJ LLC and XL Soccer World Orlando LLCFitness and Recreational Sport CentersTerm Loan5 Yr Libor plus 5.50%8/1/20446,193 6,039 6,544 
XL Sports World NJ LLC and XL Soccer World Orlando LLCFitness and Recreational Sport CentersTerm Loan5 Yr Libor plus 5.50%8/1/20444,762 4,644 4,970 
JW Aviation LLC and 21 Air LLC and AMN Doral LLCOther Nonscheduled Air TransportationTerm Loan2 Yr Libor plus 8.25%12/1/20442,497 2,410 2,497 
Tricare Unlimited LLC and Geron Enterprises LLCNursing Care Facillities(Skilled Nursing Facilities)Term Loan2 Yr Treasury plus 6.51%1/1/20455,695 5,538 6,145 
E Entities LLCExterminating & Pest Control ServicesTerm Loan5 Yr Treasury plus 7.71%1/1/20305,656 5,515 6,028 
Trinity MCC Realty, LLCMotor Vehicle and Parts DealersTerm Loan5 Yr Treasury plus 6.58%2/1/20455,240 5,096 5,616 
Jaffe Real Estate LLCFull-Service RestaurantTerm Loan5 Yr Treasury plus 7.93%4/1/20452,257 2,195 2,257 
Berry Ventures IncPainting & Wall Covering ContractorsTerm Loan5 Yr Treasury plus 7.25%4/1/2045472 459 513 
Total$75,168 $73,198 $77,219 
(1) Fair value determined using significant unobservable inputs.

The following tables show certain summarized financial information for NCL:
Selected Statement of Assets and Liabilities InformationMarch 31, 2021December 31, 2020
(Unaudited)
Cash$4,258 $1,493 
Investments in loans, at fair value (amortized cost of $70,852 and $73,197, respectively)74,386 77,219 
Other assets1,071 1,274 
Total assets$79,715 $79,986 
Bank notes payable$38,792 $38,792 
Other liabilities1,252 1,138 
Total liabilities40,044 39,930 
Net assets39,671 40,056 
Total liabilities and net assets$79,715 $79,986 
Selected Statements of Operations InformationThree Months Ended March 31,
20212020
Interest and other income$1,570 $1,498 
Total expenses653 884 
Net investment (loss) income917 614 
Net unrealized appreciation (depreciation) on investments(402)(18)
Net increase in net assets resulting from operations$515 $596 

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Non-Control Debt Investments

As of March 31, 2021, the Company holds one loan purchased from NBL, a wholly-owned controlled portfolio company, in September of 2020 at par. During the first quarter of 2021. the Company recognized $0.5 million of unrealized appreciation relating to the loan. 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 three months ended March 31, 2021 were as follows:
Portfolio CompanyFair Value at December 31, 2020Purchases (Cost)Principal ReceivedNet Realized Gains/(Losses)Net Unrealized Gains/(Losses)Fair Value at March 31, 2021Interest and Other IncomeDividend Income
Controlled Investments
Newtek Merchant Solutions, LLC (NMS)$111,500 $— $— $— $— $111,500 $— $— 
Mobil Money, LLC2,500 — — — — 2,500 — — 
Newtek Technology Solutions, Inc. (NTS)1
41,796 — — — 1,500 43,296 288 — 
banc-serv Partners, LLC— — — — — — — — 
CDS Business Services, Inc.5,900 8,900 — — — 14,800 217 — 
Small Business Lending, LLC10,050 — — — (302)9,748 10 — 
Newtek Insurance Agency, LLC2,150 — — — — 2,150 — — 
PMTWorks Payroll, LLC— — — — — — — — 
Titanium Asset Management LLC655 — — — — 655 — — 
POS on Cloud, LLC1,050 — — — — 1,050 26 — 
Excel WebSolutions, LLC— — — — — — — 
Newtek Conventional Lending, LLC20,028 — — — (193)19,835 — — 
Advanced Cyber Security Systems, LLC— — — — — — — — 
Newtek Business Lending, LLC43,542 4,350 — — 1,370 49,262 — — 
Total Controlled Investments$239,171 $13,250 $— $— $2,375 $254,796 $541 $— 
Non-Control Investments
EMCAP Loan Holdings, LLC$1,000 $— $— $— $— $1,000 $— $26 
Total Affiliate Investments$240,171 $13,250 $— $— $2,375 $255,796 $541 $26 
(1) On January 1, 2021, the Company contributed its ownership of IPM and SIDCO to NTS, and IPM and SIDCO became subsidiaries of NTS. 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 March 31, 2021, the Related Party RLOC interest rate was 2.74%. The Related Party RLOC has a maturity date of November 8, 2023. Outstanding borrowings from NMS at March 31, 2021 under the Related Party RLOC were $5.2 million.
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For the three months ended March 31, 2021 and 2020, interest expense was $85,000 and $108,000 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
March 31, 2021March 31, 2020
Managed technology services$459 $377 
Origination and loan processing3,151 2,649 
Loan servicing14 — 
Payroll processing fees
Total$3,632 $3,035 

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
Portfolio CompanyMarch 31, 2021March 31, 2020
Newtek Merchant Solutions, LLC$61 $59 
Newtek Technology Solutions, Inc.
Small Business Lending, LLC69 73 
Newtek Insurance Agency, LLC18 14 
CDS Business Services, Inc.19 17 
PMTWorks Payroll, LLC
Newtek Business Lending, LLC
Total$180 $176 

Amounts due from related parties were $6.9 million and $6.1 million at March 31, 2021 and December 31, 2020, respectively. Amounts due to related parties were $2.1 million and $2.1 million at March 31, 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
Portfolio CompanyMarch 31, 2021March 31, 2020
Newtek Merchant Solutions, LLC$113 $94 
Newtek Technology Solutions, Inc.1
84 128 
PMTWorks Payroll, LLC21 33 
Newtek Insurance Agency, LLC31 32 
CDS Business Services, Inc.42 29 
International Professional Marketing, Inc.1
21 20 
SIDCO, LLC1
19 26 
Mobil Money, LLC29 38 
Newtek Business Lending, LLC38 33 
Small Business Lending, LLC126 128 
Total$524 $561 
(1) On January 1, 2021, IPM and SIDCO became subsidiaries of NTS.
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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 table summarizes the fair value and valuation assumptions related to servicing assets at March 31, 2021 and December 31, 2020:
March 31, 2021December 31, 2020
Fair Value$26,733 $26,061 
Discount factor1
11.24 %11.24 %
Cumulative prepayment rate20.00 %20.00 %
Average cumulative default rate25.00 %25.00 %
(1) Determined based on risk spreads and observable secondary market transactions.

Servicing fee income earned for the three months ended March 31, 2021 and 2020 was $2.7 million and $2.7 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 three months ended March 31, 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.

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

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

The Company’s investments are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments are traded. In addition, the COVID-19 pandemic is an unprecedented circumstance that could further negatively impact the fair value of the Company’s investments after March 31, 2021 by circumstances and events that are not yet known.

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 March 31, 2021 and December 31, 2020:
 Fair Value Measurements at March 31, 2021
TotalLevel 1Level 2Level 3
Assets:
SBA unguaranteed non-affiliate investments$412,020 $— $— $412,020 
SBA guaranteed non-affiliate investments52,374 — 52,374 — 
Controlled investments234,961 — — 234,961 
Other real estate owned1
2,571 — 2,571 — 
Non-control investments6,957 — — 6,957 
Servicing assets26,733 — — 26,733 
Controlled investments measured at NAV2
19,835 — — — 
Total assets$755,451 $— $54,945 $680,671 
(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 change in unrealized appreciation (depreciation) included in the consolidated statements of operations attributable to Level 3 investments held at March 31, 2021 includes $1.4 million in unrealized depreciation on SBA unguaranteed non-affiliate investments, $2.6 million in unrealized appreciation on controlled investments and $0.5 million in unrealized depreciation on servicing assets.
 Fair Value Measurements at December 31, 2020
TotalLevel 1Level 2Level 3
Assets:
SBA unguaranteed non-affiliate investments$407,748 $— $— $407,748 
SBA guaranteed non-affiliate investments17,822 — 17,822 — 
Controlled investments219,143 — — 219,143 
Other real estate owned1
2,717 — 2,717 — 
Non-control investments6,447 — — 6,447 
Servicing assets26,061 — — 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.
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The following tables represents the changes in investments, servicing assets and liabilities measured at fair value using Level 3 inputs for the three months ended March 31, 2021 and 2020:
Three Months Ended March 31, 2021
SBA Unguaranteed InvestmentsControlled InvestmentsServicing AssetsNon-Control Investments
Fair value, December 31, 2020$407,748 $219,143 $26,061 $6,447 
Net change in unrealized appreciation (depreciation)1,387 2,568 (513)527 
Realized loss(1,465)— — — 
SBA unguaranteed non-affiliate investments, funded14,809 — — — 
Foreclosed real estate acquired(402)— — — 
Purchase of investments— 13,250 — — 
Purchase of loans from SBA982 — — — 
Principal payments received on debt investments(11,039)— — (17)
Additions to servicing assets— — 1,185 — 
Fair value, March 31, 2021$412,020 $234,961 $26,733 $6,957 

Three Months Ended March 31, 2020
SBA Unguaranteed InvestmentsControlled InvestmentsServicing AssetsNon-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)(4,511)(10,677)1,088 — — 
Realized loss(447)— — — — 
SBA unguaranteed non-affiliate investments, funded13,042 — — — — 
Foreclosed real estate acquired(196)— — — — 
Purchase of investments— 11,320 — — — 
Purchase of loans from SBA5,522 — — — — 
Change in fair value of contingent consideration liabilities— — — — 54 
Payment of contingent consideration— — — — (675)
Net accretion of premium/discount(2)— — — — 
Return of investment— (700)— — — 
Principal payments received on debt investments(11,144)(425)— — — 
Additions to servicing assets— — 810 — — 
Fair value, March 31, 2020$419,486 $199,212 $26,309 $1,000 $— 
(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 March 31, 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 March 31, 2021 and December 31, 2020.
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Fair Value as ofWeightedRange
March 31, 2021Unobservable Input
Average1
MinimumMaximum
Assets:
SBA unguaranteed non-affiliate investments - accrual loans$384,798 Market yields4.00 %4.00 %4.00 %
SBA unguaranteed non-affiliate investments - non-accrual loans$27,222 Market yields4.42 %4.42 %4.42 %
Controlled equity investments1
$206,260 
EBITDA multiples2
8.90x6.00x9.60x
Revenue multiples2
3.15x1.00x4.00x
Weighted average cost of capital2
11.63 %11.30 %18.70 %
Controlled debt investments$28,701 Market yields7.47 %3.80 %10.00 %
Non-control equity investments$1,000 Asset valueN/AN/AN/A
Non-control debt investments$5,957 Recent transactionN/AN/AN/A
Servicing assets$26,733 Market yields11.24 %11.24 %11.24 %
(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 $61.1 million of investments using only discounted cash flows.
Fair Value as ofWeightedRange
December 31, 2020Unobservable Input
Average1
MinimumMaximum
Assets:
SBA unguaranteed non-affiliate investments - accrual loans$378,329 Market yields4.00 %4.00 %4.00 %
SBA unguaranteed non-affiliate investments - non-accrual loans$29,419 Market yields4.34 %4.34 %4.34 %
Controlled equity investments1
$199,342 
EBITDA multiples2
9.20x6.00x10.00x
Revenue multiples2
1.17x1.0x2.30x
Weighted average cost of capital2
12.73 %11.10 %18.40 %
Controlled debt investments$19,801 Market yields9.69 %3.80 %10.00 %
Non-control equity investments$1,000 Asset valueN/AN/AN/A
Non-control debt investments$5,447 Recent transactionN/AN/AN/A
Servicing assets$26,061 Market yields11.24 %11.24 %11.24 %
(1) Weighted by relative fair value.
(2) The Company valued $143.7 million of investments using an equal weighting of EBITDA and revenue multiples in the overall valuation approach which included the use of market comparable companies. The Company valued $55.7 million of investments using only discounted cash flows.
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NOTE 7—BORROWINGS:

At March 31, 2021 and December 31, 2020, the Company had borrowings comprised of the following:
March 31, 2021December 31, 2020
CommitmentsBorrowings OutstandingWeighted Average Interest RateCommitmentsBorrowings OutstandingWeighted Average Interest Rate
Capital One line of credit - guaranteed1
$150,000 $44,200 2.50 %$150,000 $52,500 2.50 %
Capital One line of credit - unguaranteed1
— 13,722 3.50 %— 33,839 3.50 %
Notes due 2023— — — %57,500 56,505 6.25 %
Notes due 202468,250 66,835 5.75 %63,250 61,774 5.75 %
Notes due 202515,000 14,457 6.85 %5,000 4,735 6.85 %
Notes due 2026115,000 111,589 5.50 %— — — %
Notes payable - related parties50,000 5,150 2.74 %50,000 24,090 2.74 %
Notes payable - Securitization Trusts205,281 202,124 2.35 %221,752 218,339 2.39 %
Total$603,531 $458,077 3.89 %$547,502 $451,782 3.54 %
(1) Total combined commitments of the guaranteed and unguaranteed lines of credit were $150.0 million at March 31, 2021 and December 31, 2020.

As of March 31, 2021, our asset coverage was 179%.

Outstanding borrowings under the 2023 Notes, 2024 Notes, 2025 Notes, 2026 Notes, and Notes payable - Securitization Trusts consisted of the following:
March 31, 2021December 31, 2020
Notes Due 2024Notes Due 2025Notes Due 2026Notes Payable- Securitization TrustsNotes Due 2023Notes Due 2024Notes Due 2025Notes Payable- Securitization Trusts
Principal balance$68,250 $15,000 $115,000 $205,281 $57,500 $63,250 $5,000 $221,752 
Unamortized deferred financing costs(1,415)(543)(3,411)(3,157)(995)(1,476)(265)(3,413)
Net carrying amount$66,835 $14,457 $111,589 $202,124 $56,505 $61,774 $4,735 $218,339 

At March 31, 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 March 31, 2021, the closing price of the 2026 Notes was $26.00 per note, or $119.6 million. On March 31, 2021, the closing price of the 2024 Notes was $25.88 per note, or $70.7 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 March 31, 2021.
Total interest expense including unused line fees and amortization of deferred financing costs related to borrowings for the three months ended March 31, 2021 and 2020 was $5.1 million and $5.2 million, respectively.

NOTE 8—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.
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The following summarizes the Company’s obligations and commitments, as of March 31, 2021 for future minimum cash payments required under operating lease and employment agreements:
YearOperating Leases
Employment Agreements1
Total
2021$1,181 $1,414 $2,595 
20221,576 471 2,047 
20231,619 — 1,619 
20241,663 — 1,663 
20251,708 — 1,708 
Thereafter1,962 — 1,962 
Total$9,709 $1,885 $11,594 
(1) Employment agreements with certain of the Company’s named executive officers
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 March 31, 2021, total principal owed by NBC was $9.6 million. In addition, the Company deposited $0.75 million to collateralize the guarantee. At March 31, 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 March 31, 2021, total principal owed by NBL was $41.1 million. At March 31, 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 March 31, 2021, total principal outstanding was $28.0 million. At March 31, 2021, the Company determined that it is not probable that payments would be required to be made under the guarantee.

Unfunded Commitments

At March 31, 2021, the Company had $4.2 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.

At March 31, 2021, NCL had $91,000 of unfunded commitments in connection with partial funding of certain of its non-conforming conventional commercial and industrial term loan investments. Newtek Commercial Lending, Inc. will fund 50% of NCL’s total unfunded commitments. Newtek Commercial Lending, Inc. will fund these commitments from the same sources it uses to fund its other investment commitments.

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NOTE 9—FINANCIAL HIGHLIGHTS:

The financial highlights for the Company are as follows:
Year Ended December 31,
Three Months Ended March 31,
20212020
Per share data¹
Net asset value at beginning of period$15.45 $15.70 
Net investment income (loss)0.68 (0.01)
Net realized gain on investments0.33 0.22 
Net unrealized appreciation (depreciation) on investments0.39 (0.75)
Net unrealized depreciation on servicing assets(0.02)0.05 
Change in deferred taxes(0.03)0.14 
Net increase in net assets resulting from operations1.35 (0.35)
Distributions to common stockholders(0.50)(0.44)
Stock-based compensation expense0.03 0.01 
Accretive effect of stock offerings (issuing shares above NAV per share)0.09 0.09 
Dilutive effect of purchase of vested stock for employee payroll tax withholding (purchase of shares above NAV)(0.02)— 
Dilutive effect of restricted stock awards(0.12)— 
Other⁴
— (0.01)
Net asset value at end of period$16.28 $15.00 
Per share market value at end of period$26.70 $13.21 
Total return based on market value² ⁷38.27 %(43.62)%
Total return based on change in NAV³ ⁷8.61 %(1.68)%
Shares outstanding at end of period (in thousands)22,530 20,838 
Ratios/Supplemental Data:
Net assets at end of period$366,851$312,465
Ratio of expenses to average net assets⁸21.28 %20.27 %
Ratio of net investment income (loss) to average net assets⁸16.40 %(0.36)%
Portfolio turnover6
69.10 %12.00 %
Average debt outstanding$462,267$393,807
Average debt outstanding per share$20.52 $18.90 
Asset coverage ratio⁵179 %169 %
Senior securities outstanding$466,603$450,113
(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 three months ended March 31, 2021. Loss on extinguishment of debt has not been annualized.

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NOTE 10—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 March 31, 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, 20202,639 
Three months ended March 31, 2021(166,615)
Restricted stock available for issuance as of March 31, 20211,110,231 
(1) A maximum of 20% of total shares of common stock issued and outstanding, calculated on a fully diluted basis, not to exceed 3,000,000 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 March 31, 2021, there was $3.1 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 March 31, 2021.

For the three months ended March 31, 2021 and 2020 the Company recognized total stock-based compensation expense of $0.7 million and $0.2 million, respectively.

NOTE 11—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:
Three Months Ended March 31, 2021Year 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 three months ended March 31, 2021. As of March 31, 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:
Three Months Ended March 31, 2021Year Ended December 31, 2020
Shares sold430,470 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 12—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 months ended March 31, 2021 and 2020:
Three Months Ended March 31,
20212020
Net increase (decrease) in net assets resulting from operations$30,124 $(7,253)
Weighted average shares outstanding22,337 20,738 
Net increase (decrease) in net assets resulting from operations per share$1.35 $(0.35)

NOTE 13—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 March 31,
20212020
Cash paid for amounts included in the measurement of lease liabilities (operating cash flows)$398 $418 
Weighted-average remaining lease term - operating leases6.10 years 6.81 years
Weighted-average discount rate - operating leases4.76 %4.76 %
Total lease costs (included in other general and administrative costs on the consolidated statements of operations)$196 206

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The following table represents the maturity of the Company’s operating lease liabilities as of March 31, 2021:
Maturity of Lease Liabilities
20211,157 
20221,576 
20231,619 
20241,663 
20251,708 
Thereafter1,962 
Total future minimum lease payments$9,685 
Less: Imputed interest$(1,284)
Present value of future minimum lease payments$8,401 

NOTE 14—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 three months ended March 31, 2021 and 2020.
Date DeclaredRecord DatePayment DateAmount Per ShareCash DistributionDRIP Shares IssuedDRIP
Shares Value
Three months ended March 31, 2021
February 23, 2021March 22, 2021March 31, 2021$0.50 $11,025 $140 
Three months ended March 31, 2020
February 5, 2020March 18, 2020March 31, 2020$0.44 $8,882 18 $224 

During the three months ended March 31, 2021 and 2020, an additional 3,700 and 2,600 shares valued at $98,000 and $45,000, respectively, were issued related to dividends on unvested restricted stock awards.

NOTE 15—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, LLCAs of March 31, 2021As of December 31, 2020
Current assets$19,043 $7,119 
Noncurrent assets21,033 40,264 
Total assets$40,076 $47,383 
Current liabilities7,240 16,594 
Noncurrent liabilities24,500 24,954 
Total liabilities$31,740 $41,548 
Total member’s equity$8,336 $5,835 
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Three Months Ended March 31,
Statements of Income - Newtek Merchant Solutions, LLC20212020
Revenue$4,836 $8,271 
Expenses2,344 6,170 
Income from operations$2,492 $2,101 
Interest (expense) income, net(158)(236)
Income before tax$2,334 $1,865 

The Company recorded the following related to its investment in NMS:
Three Months Ended March 31,
20212020
Dividend income$— $3,750 
Unrealized depreciation$— $(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 March 31,
Newtek Technology Solutions, LLC Statements of Income
20211
2020
Revenue$9,697 $3,261 
Expenses8,646 3,414 
Income from operations$1,051 $(153)
Interest expense, net280 267 
Income before tax$771 $(420)
(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 March 31,
20212020
Dividend income$— $— 
Unrealized appreciation (depreciation)$— $— 

NOTE 16—SUBSEQUENT EVENTS:

Joint Venture

On April 23, 2021, the Company’s subsidiary, Newtek Commercial Lending, Inc., and Capital Finance Opportunities 2101C, LP entered into a joint venture, Newtek Conventional Lending II, LLC, and committed to contribute an equal share of equity funding to the joint venture and each will have equal voting rights on all material matters. The joint venture intends to deploy capital over the course of time with additional leverage supported by a warehouse line of credit. The intended purpose of the joint venture will be to originate commercial loans to middle-market companies as well as small businesses.
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Dividends

On May 11, 2021, the Company declared a second quarter 2021 cash dividend of $0.70 per share, which is payable on June 30, 2021 to shareholders of record as of June 15, 2021.

Exhaustion of PPP Funding

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) may continue to have their PPP loans closed and funded. NSBF expects to close and fund the balance of its PPP loans by the end of the second quarter 2021. NSBF continues to shift resources and refocus its efforts on funding SBA 7(a) loans.

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Newtek Business Services Corp. and Subsidiaries
Schedule of Investments In and Advances to Affiliates
Three Months Ended March 31, 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 March 31, 2021
Advanced Cyber Security Systems, LLC
50% Membership Interest2
$— $— $— $— $— $— $— 
Automated Merchant Services, Inc.
100% Common Stock2
— — — — — — — 
CDS Business Services, Inc.
100% Common Stock2
— — — — — — — 
Line of Credit (10%)— — 217 5,900 8,900 — 14,800 
Newtek Technology Solutions, Inc.7
100% Common Stock2
— 1,500 — 30,000 1,500 — 31,500 
Line of Credit (10%)— — 279 10,821 — — 10,821 
Line of Credit (Prime + 0.5%)6
— — 750 — — 750 
Line of Credit (Prime + 0.5%)6
— — 225 — — 225 
Newtek Insurance Agency, LLC
100% Membership Interest2
— — — 2,150 — — 2,150 
PMTWorks Payroll, LLC
100% Membership Interest2
— — — — — — — 
Term Loans (10%-12%)2
— — — — — — — 
Small Business Lending, LLC
100% Membership Interest2
— (302)— 9,650 — (302)9,348 
Term Loan (10%)— — 10 400 — — 400 
banc-serv Partners, LLC
100% Membership Interest2
— — — — — — — 
Newtek Merchant Solutions, LLC100% Membership Interest— — — 111,500 — — 111,500 
Titanium Asset Management, LLC
100% Membership Interest2
— — — — — — — 
Term Loan (10%)2
— — — 655 — — 655 
Newtek Business Lending, LLC
100% Membership Interest2
— 1,370 — 43,542 5,720 — 49,262 
Newtek Conventional Lending, LLC50% Membership Interest— (193)— 20,028 — (193)19,835 
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Portfolio Company
Type of Investment1
Amount of Realized Gain (Loss)Amount of Unrealized Appreciation (Depreciation)
Amount of Interest or Dividends Credited to Income3
Fair Value at December 31, 2020
Gross Additions4
Gross Reductions5
Fair Value at March 31, 2021
Mobil Money, LLC100% Membership Interest— — — 2,500 — — 2,500 
POS on Cloud, LLC
50.1% Membership Interest2
— — — — — — — 
Term Loan (10%)— — 26 1,050 — — 1,050 
Excel WebSolutions LLC
Term Loans (10%)2
— — — — — — — 
100% Membership Interest2
— — — — — — — 
Total Controlled Investments$ $2,375 $541 $239,171 $16,120 $(495)$254,796 
Non-Control Investments
EMCAP Loan Holdings, LLC6.04% Membership Interest— — 26 1,000 — — 1,000 
Total Affiliate Investments$ $2,375 $567 $240,171 $16,120 $(495)$255,796 

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 March 31, 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.
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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 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 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 authorization or reauthorization of the PPP, and our ability to participate in any such program;
our ability to comply with the laws, rules, and guidance regarding the current or 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.
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.

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. 

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

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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. 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.

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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 quarter of 2021, NSBF funded PPP loans totaling $0.4 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) may continue to have their PPP loans closed and funded by their lenders. NSBF expects to continue to close and fund the balance of its PPP loans by the end of the second quarter of 2021. NSBF intends to continue to redeploy resources used to generate PPP loans to the origination of SBA 7(a) loans. We continue to monitor legislative, regulatory, and supervisory developments related to the PPP, but there can be no assurance that the PPP will be further reauthorized, or that NSBF will be qualified to participate in any further reauthorization.

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.

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.
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Price Range
NAV1
Premium of High Sales Price to NAV2
Premium of Low Sales Price to NAV2
HighLow
2019
First Quarter$20.74$17.23$15.3135%13%
Second Quarter$23.83$19.70$15.3355%29%
Third Quarter$23.99$20.21$15.4156%31%
Fourth Quarter$23.73$20.75$15.7051%32%
2020
First Quarter$23.09$7.59$15.0054%(49)%
Second Quarter$18.84$9.03$15.6620%(42)%
Third Quarter$20.50$16.73$15.1335%11%
Fourth Quarter$19.82$16.24$15.4528%5%
2021
First Quarter$28.63$18.77$16.2876%15%
(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) may continue to have their PPP loans closed and funded by their lenders. NSBF expects to continue to close and fund the balance of its PPP loans by the end of the second quarter of 2021. NSBF intends to continue to redeploy resources used to generate PPP loans to the origination of SBA 7(a) loans. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate. See “Recent Developments - Exhaustion of PPP Funding.”
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.
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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 March 31, 2021, total principal owed by NBC was $9.6 million. In addition, the Company deposited $0.75 million to collateralize the guarantee. At March 31, 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 March 31, 2021, total principal owed by NBL was $41.1 million. At March 31, 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 March 31, 2021, total principal outstanding was $28.0 million. At March 31, 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 March 31, 2021.

Unfunded Commitments

At March 31, 2021, the Company had $4.2 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.

At March 31, 2021, NCL had $91,000 of unfunded commitments in connection with partial funding of certain of its non-conforming conventional commercial and industrial term loan investments. Newtek Commercial Lending, Inc. will fund 50% of NCL’s total unfunded commitments. Newtek Commercial Lending, Inc. 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 March 31, 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 March 31, 2021 and December 31, 2020 is $18.2 million and $16.9 million, respectively.
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Distribution by Business Type
As of March 31, 2021
Business Type# of Loans BalanceAverage Balance% of Balance
Existing Business1,949 $344,425 $177 81.4 %
Business Acquisition289 57,407 207 13.6 %
Start-Up Business220 21,453 96 5.1 %
Total2,458 $423,285 $172 100.0 %
As of December 31, 2020
Business Type# of LoansBalanceAverage Balance% of Balance
Existing Business1,850 $342,636 $185 81.5 %
Business Acquisition275 56,797 207 13.5 %
Start-Up Business222 20,965 96 5.0 %
Total2,347 $420,398 $179 100.0 %
Distribution by Borrower Credit Score
March 31, 2021
Credit Score# of Loans BalanceAverage Balance% of Balance
500 to 55019 $4,022 $212 1.0 %
551 to 60060 15,887 265 3.8 %
601 to 650314 64,229 205 15.2 %
651 to 700746 120,616 162 28.4 %
701 to 750765 128,765 168 30.4 %
751 to 800485 81,638 168 19.3 %
801 to 85066 8,023 122 1.9 %
Not available105 35 — %
Total2,458 $423,285 $172 100.0 %
December 31, 2020
Credit Score# of LoansBalanceAverage Balance% of Balance
500 to 55019 $4,038 $213 1.0 %
551 to 60061 16,435 269 3.9 %
601 to 650316 64,564 204 15.4 %
651 to 700704 119,077 169 28.3 %
701 to 750717 125,217 175 29.8 %
751 to 800462 82,507 179 19.6 %
801 to 85065 8,451 130 2.0 %
Not available109 36 — %
Total2,347 $420,398 $179 100.0 %
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Distribution by Primary Collateral Type
March 31, 2021
Collateral Type# of Loans BalanceAverage Balance% of Balance
Commercial Real Estate955 $220,403 $231 52.1 %
Machinery and Equipment418 78,645 188 18.6 %
Accts Receivable and Inventory271 45,198 167 10.7 %
Residential Real Estate541 40,739 75 9.6 %
Other90 29,370 326 6.9 %
Unsecured141 5,481 39 1.3 %
Furniture and Fixtures28 1,857 66 0.4 %
Liquid Assets14 1,592 114 0.4 %
Total2,458 $423,285 $172 100.0 %
December 31, 2020
Collateral Type# of LoansBalanceAverage Balance% of Balance
Commercial Real Estate933 $218,958 $235 52.1 %
Machinery and Equipment403 78,356 194 18.6 %
Residential Real Estate259 44,270 171 10.5 %
Accounts Receivable and Inventory500 39,406 79 9.4 %
Other89 30,653 344 7.3 %
Unsecured124 5,421 44 1.3 %
Furniture and Fixtures25 1,695 68 0.4 %
Liquid Assets14 1,639 117 0.4 %
Total2,347 $420,398 $179 100.0 %
Distribution by Days Delinquent
March 31, 2021
Delinquency Status# of Loans BalanceAverage Balance% of Balance
Accrual
     Current2,213 $351,626 $159 83.0 %
     31 to 60 days39 10,948 281 2.6 %
     61 to 90 days19 7,016 — 1.7 %
     91 days or greater821 821 0.2 %
Non-accrual186 52,874 284 12.5 %
Total2,458 $423,285 $172 100.0 %
December 31, 2020
Delinquency Status# of LoansBalanceAverage Balance% of Balance
Accrual
     Current2,071 $340,756 $165 81.1 %
     31 to 60 days62 12,679 205 3.0 %
     61 to 90 days— — — — %
     91 days or greater32 11,520 360 2.7 %
Non-accrual182 55,443 305 13.2 %
Total2,347 $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 March 31, 2021 and 2020
Investment Income
(in thousands)Three Months Ended March 31, 2021Three Months Ended March 31, 2020Change
Investment income:
Interest income - PPP loans$24,208 $— $24,208 
Interest income - SBA 7(a) loans6,482 7,779 (1,297)
Interest income - non-control investments124 — 124 
Dividend income26 4,402 (4,376)
Servicing income2,740 2,715 25 
Other income1,114 906 208 
Total investment income$34,694 $15,802 $18,892 

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 March 31, 2021, NSBF originated $0.4 billion of PPP loans resulting in $24.2 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) may continue to have their PPP loans closed and funded by their lenders. NSBF expects to continue to close and fund the balance of its PPP loans by the end of the second quarter of 2021. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate. See “Recent Developments - Exhaustion of PPP Funding.”
The decrease in interest income on SBA 7(a) loans was attributable to the decrease in the average Prime Rate in effect on our portfolio from 4.75% to 3.25% over the twelve month period. The decrease was partially offset by an increase in the average outstanding performing portfolio of SBA non-affiliate investments to $402.2 million from $346.0 million for the three months ended March 31, 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 March 31, 2021 and 2020:

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(in thousands)Three Months Ended March 31, 2021Three Months Ended March 31, 2020Change
Newtek Merchant Solutions, LLC (NMS)$— $3,750 $(3,750)
International Professional Marketing, Inc.— 75 (75)
SIDCO, LLC— 250 (250)
Newtek Conventional Lending, LLC— 307 (307)
EMCAP Loan Holdings, LLC26 20 
Total dividend income$26 $4,402 $(4,376)
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.” The Company’s portfolio companies did not declare any first quarter 2021 dividends.
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 March 31, 2021 and 2020:
(in thousands):Three Months Ended March 31, 2021Three Months Ended March 31, 2020 Change
Total NSBF originated servicing portfolio$1,756,022 $1,773,724 $(17,701)
Total average NSBF originated portfolio earning servicing income
$1,103,125 $1,119,269 $(16,144)
Total servicing income earned$2,740 $2,715 $25 
The servicing portfolio and related servicing income was relatively flat period over period. The 1% increase in servicing income resulted from servicing income relating to the transfer of loans from non-accrual to accrual status during the first quarter of 2021, as well as a higher SBA 7(a) guarantee percentage being serviced, offset by a reduction in servicing income from a 1% decrease in total portfolio investments for which we earn servicing income period over period.

Expenses:
(in thousands)Three Months Ended March 31, 2021Three Months Ended March 31, 2020Change
Salaries and benefits$4,450 $3,447 $1,003 
Interest5,072 5,184 (112)
Depreciation and amortization85 115 (30)
Professional fees1,188 964 224 
Origination and loan processing2,971 1,824 1,147 
Origination and loan processing - related party3,143 2,638 505 
Change in fair value of contingent consideration liabilities— 54 (54)
Other general and administrative costs1,635 1,858 (223)
Total expenses$19,499 $16,084 $3,415 
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Interest Expense
The following is a summary of interest expense by facility for the three months ended March 31, 2021 and 2020:
(in thousands)Three Months Ended March 31, 2021Three Months Ended March 31, 2020Change
Notes payable - Securitization Trusts$1,397 $2,796 $(1,398)
Bank notes payable323 251 72 
Notes due 2023549 1,016 (467)
Notes due 20241,050 1,014 36 
Notes due 2025276 — 276 
Notes due 20261,392 — 1,392 
Notes payable - related parties85 108 (23)
Total interest expense$5,072 $5,185 $(113)

The decrease in interest expense period over period is primarily from Notes payable - Securitization Trusts, which relates to a decrease in the average outstanding balance and interest rates period over period. In addition, the redemption of the 2023 Notes on February 22, 2021, resulted in a reduction of $0.5 million of interest expense, offset by additional interest expense on the 2025 and 2026 Notes of $0.3 million and $1.4 million, respectively.

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 (losses) from SBA non-affiliate investments for the three months ended March 31, 2021 and 2020 were a net realized loss of $7.4 million and net realized gain of $4.5 million, respectively. This included realized losses of $1.5 million and $0.4 million, respectively.

Net Realized Gains on SBA 7(a) Non-Affiliate Investments
 Three Months Ended
 March 31, 2021March 31, 2020
# of Debt Investments$ Amount
(in thousands)
# of Debt Investments$ Amount
(in thousands)
SBA non-affiliate investments originated during the quarter153 $104,385 80 $52,841 
SBA guaranteed non-affiliate investments sold during the quarter108 $57,796 67 $38,075 
Realized gains recognized on sale of SBA guaranteed non-affiliate investments— $8,858 — $4,960 
Average sale price as a percent of principal balance1
— 113.28 %— 110.90 %
(1) Realized gains greater than 110.00% must be split 50/50 with the SBA in accordance with SBA regulations. The realized gains recognized above reflects amounts net of split with the SBA.

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Net Unrealized Appreciation (Depreciation) on Investments
(in thousands)Three Months Ended March 31, 2021Three Months Ended March 31, 2020Change
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments$4,393 $(183)$4,576 
Net unrealized appreciation (depreciation) on SBA unguaranteed non-affiliate investments1,387 (4,511)5,898 
Net unrealized appreciation (depreciation) on controlled investments2,375 (10,789)13,164 
Change in deferred taxes(633)2,911 (3,544)
Net unrealized appreciation on non-control investments527 — 527 
Total net unrealized appreciation (depreciation) on investments$8,049 $(12,572)$20,621 

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 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.

Net Unrealized Appreciation (Depreciation) on Controlled Investments

Unrealized appreciation (depreciation) was derived from the following portfolio companies for the three months ended March 31, 2021 and 2020:
(in thousands)Three Months Ended March 31, 2021Three Months Ended March 31, 2020Change
Newtek Merchant Solutions, LLC (NMS)$— $(6,250)$6,250 
Mobil Money, LLC— (750)750 
Newtek Technology Solutions, Inc.1
1,500 — 1,500 
CDS Business Services, Inc. — (750)750 
PMTWorks Payroll, LLC — (50)50 
Small Business Lending, LLC (302)(2,802)2,500 
Newtek Business Lending, LLC1,370 — 1,370 
Newtek Conventional Lending, LLC(193)(112)(81)
Titanium Asset Management LLC— (75)75 
Total net unrealized appreciation (depreciation) on controlled investments$2,375 $(10,789)$13,164 
(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.

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 March 31, 2021 and 2020, we recognized a provision for deferred taxes of $0.6 million and $2.9 million, respectively, related to the net unrealized appreciation and depreciation of controlled portfolio company investments.

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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 March 31, 2021, our asset coverage was 179% based on $466.6 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.

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 March 31, 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 three months ended March 31, 2021. As of March 31, 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%
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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 March 31, 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 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 March 31, 2021, the Company was in compliance with all covenants related to the 2024 Notes.

On February 16, 2021, the Company issued an additional $5.0 million in aggregate principal amount of its 2024 Notes. 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
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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 and payable upon the occurrence of any event of default after expiration of any applicable grace period. At March 31, 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 March 31, 2021, there was $13.7 million and $44.2 million outstanding under the unguaranteed and guaranteed lines of credit, respectively. At March 31, 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%.

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At March 31, 2021, the Related Party RLOC interest rate was 2.74%. The Related Party RLOC has a maturity date of November 8, 2023. Outstanding borrowings due to NMS at March 31, 2021 were $5.2 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.

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.

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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 March 31, 2021. In total, during the three months ended March 31, 2021, NSBF sold participations in $425.0 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 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 $0.4 billion funded during three months ended ended March 31, 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) may continue to have their PPP loans closed and funded by their lenders. NSBF expects to close and fund the balance of its PPP loans by the end of the second quarter 2021. We continue to monitor legislative, regulatory, and supervisory developments related to the PPP, but there can be no assurance that the PPP will be further reauthorized, or that NSBF will be qualified to participate in any further reauthorization.

Cash Flows and Liquidity
As of March 31, 2021, the Company’s unused sources of liquidity consisted of $31.6 million available through the Capital One facility; $17.4 million available through notes payable with related parties; and $3.7 million in unrestricted cash.

Restricted cash of $84.4 million as of March 31, 2021 is primarily held by NSBF. The majority, or $83.6 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.

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The Company generated and used cash as follows:
(in thousands)Three Months Ended March 31, 2021Three Months Ended March 31, 2020
Net cash provided by operating activities$35,231 $29,443 
Net cash used in investing activities— (4)
Net cash provided by financing activities1,411 7,879 
Net increase in cash and restricted cash36,642 37,318 
Cash and restricted cash, beginning of period51,425 33,207 
Cash and restricted cash, end of period$88,067 $70,525 
During the three months ended March 31, 2021, operating activities provided cash of $35.2 million, consisting primarily of (i) $490.5 million of proceeds from the sale of SBA 7(a) guaranteed loan investments, (ii) $12.7 million of principal payments received from SBA non-affiliate investments and (iii) a $32.6 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) $529.4 million of SBA 7(a) and PPP loan investments funded and (ii) $13.3 million of investments in controlled portfolio companies.
Net cash provided by financing activities was $1.4 million consisting primarily of (i) $115.0 million, $10.0 million and $5.0 million of issuances of the 2026 Notes, 2025 Notes, and 2024 Notes, respectively, (ii) $9.0 million of net proceeds from the sale of common shares under the 2020 ATM Equity Distribution Agreement.
These sources were offset by (i) a redemption of $57.5 million of the 2023 Notes; (ii) $16.5 million of principal payments related to securitization notes payable (iii) $28.4 million of net repayments under our bank notes payable, and (iv) net repayments under the Related Party RLOC of $18.9 million and (v) $11.0 million of dividend payments.
Contractual Obligations
The following table represents the Company’s obligations and commitments as of March 31, 2021:
(in thousands)Payments due by period
Contractual ObligationsTotal20212022202320242025Thereafter
Bank notes payable $57,922 $— $— $57,922 $— $— $— 
Securitization notes payable1
205,281 — — — — — 205,281 
Notes due 20241
68,250 — — — 68,250 — — 
Notes due 20251
15,000 — — — — 15,000 — 
Notes due 20261
115,000 — — — — — 115,000 
Notes payable - related parties 5,150 — — 5,150 — — — 
Employment agreements1,885 1,414 471 — — — — 
Operating leases9,709 1,181 1,576 1,619 1,663 1,708 1,962 
Totals$478,197 $2,595 $2,047 $64,691 $69,913 $16,708 $322,243 
(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.
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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:
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 2Observable 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 3Unobservable 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.

Rule 2a-5 under the 1940 Act was recently 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
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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. 

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 March 31, 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
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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) may continue to have their PPP loans closed and funded by their lenders. NSBF expects to continue to close and fund the balance of its PPP loans by the end of the second quarter of 2021. There can be no guarantee that the program will be reauthorized or that, if reauthorized, NSBF will be qualified to participate. See “Recent Developments - Exhaustion of PPP Funding.”

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.
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 three months ended March 31, 2021 and 2020, no U.S. federal excise taxes were due.

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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 $12.0 million and $11.4 million at March 31, 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.

New Accounting Standards

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. While the Company is currently assessing the impact of ASU 2020-04, the Company does not expect the adoption to have a material impact on its 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; however, voluntary compliance with the final amendments will be permitted in advance of the effective date. No significant changes to our significant subsidiaries are expected.

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. Early application is not permitted. All entities should apply ASU 2020-08 on a prospective basis as of the beginning of the period of adoption for existing or newly purchased callable debt securities. The Company does not expect the adoption to have a material impact on its consolidated financial statements since the Company does not have any convertible debt.

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, 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.

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. Early adoption was permitted. The Company does not expect the adoption of ASU 2019-12 to have a material impact on its consolidated financial statements.

Rule 2a-5 under the 1940 Act was recently 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.

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Off Balance Sheet Arrangements
There were no off balance sheet arrangements as of March 31, 2021.
Recent Developments

Joint Venture

On April 23, 2021, the Company’s subsidiary, Newtek Commercial Lending, Inc., and Capital Finance Opportunities 2101C, LP, entered into a joint venture, Newtek Conventional Lending II, LLC, and committed to contribute an equal share of equity funding to the joint venture and each will have equal voting rights on all material matters. The joint venture intends to deploy capital over the course of time with additional leverage supported by a warehouse line of credit. The intended purpose of the joint venture will be to originate commercial loans to middle-market companies as well as small businesses.

Dividends

On May 11, 2021, the Company declared a second quarter 2021 cash dividend of $0.70 per share, which is payable on June 30, 2021 to shareholders of record as of June 15, 2021.

Exhaustion of PPP Funding

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) may continue to have their PPP loans closed and funded. NSBF expects to close and fund the balance of its PPP loans by the end of the second quarter 2021. NSBF continues to shift resources and refocus its efforts on funding SBA 7(a) loans.
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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 $88.1 million at March 31, 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 March 31, 2021, cash deposits in excess of insured amounts totaled approximately $28.8 million.

ITEM 4. CONTROLS AND PROCEDURES.

(a) Evaluation of Disclosure Controls and Procedures:

As of March 31, 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.

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
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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.

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 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.

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.

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
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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 with approved PPP loans (i.e., PPP loans with an assigned SBA loan number) may continue to have their PPP loans closed and funded by lenders. NSBF expects to continue to close and fund the balance of its PPP loans by the end of the second quarter of 2021. During the duration of the PPP through May 12, 2021, NSBF funded approximately 23,430 PPP loans totaling $1.8 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.

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 months ended March 31, 2021 and 2020 we issued 5,500 and 17,800 shares of common stock, respectively, valued at $140,000 and $224,000, 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 months ended March 31, 2021 and 2020 we issued an additional 3,700 and 2,600 shares, respectively, valued at $98,000 and $45,000, respectively, related to dividends on unvested restricted stock awards.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

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Table of Contents
ITEM 4. MINE SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.
NumberDescription
* 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: May 13, 2021By:
/S/    BARRY SLOANE        
Barry Sloane
Chief Executive Officer, President and Chairman of the Board
(Principal Executive Officer)
Date: May 13, 2021By:
/S/    NICHOLAS LEGER       
Nicholas Leger
Chief Accounting Officer
(Principal Financial Officer and Principal Accounting Officer)


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