NewtekOne, Inc. - Interim / Quarterly Report 2017

497 1 tv479399_497.htm 497

Filed Pursuant to Rule 497

Securities Act File No. 333-212436

NEWTEK BUSINESS SERVICES CORP.

Supplement No. 2, dated November 13, 2017

Prospectus Supplement, dated September 6, 2017

This supplement contains information which amends, supplements or modifies certain information contained in the Prospectus of Newtek Business Services Corp. (the “Company”), dated August 29, 2017 (the “Prospectus”), as supplemented by the Prospectus Supplement dated September 6, 2017 and the Prospectus Supplement dated October 20, 2017 (together, the “Prospectus Supplements”), which relate to the sale of shares of common stock of the Company in an “at the market” offering pursuant to an equity distribution agreement, dated as of September 6, 2017, with JMP Securities LLC, Compass Point Research & Trading, LLC, Ladenburg Thalmann & Co. Inc., and D.A. Davidson & Co. Capitalized terms used but not defined herein shall have the same meaning given them in the Prospectus Supplements or Prospectus, as applicable.

You should carefully consider the “Risk Factors” beginning on page 23 of the Prospectus before you decide to invest.

Status of Our Offerings

On March 20, 2017, we established an at the market program to which this Supplement No. 2, dated November 8, 2017, and the Prospectus Supplements relate, and through which we may sell, from time to time at our sole discretion, up to 2,900,000 shares of our common stock. As of the date hereof, we have sold 700,746 shares of our common stock for net proceeds of approximately $11,889,000, after sales commissions to the Placement Agents of $243,000 and offering costs, under the at the market program. As a result, 2,199,254 shares of our common stock remain available for sale under the at the market program.

Form 10-Q

On November 7, 2017, we filed our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2017 (“Form 10-Q”) with the Securities and Exchange Commission. On November 8, 2017, we filed Amendment No. 1 on Form 10-Q/A (“Form 10-Q/A”) to amend our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2017. Form 10-Q/A was filed to correct typographical errors related to portfolio company names in the Consolidated Schedule of Investments as of September 30, 2017 in the Form 10-Q. In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended, Item 1. “Financial Statements,” of Part I. “Financial Information,” of the Form 10-Q was amended and restated in its entirety. The 10-Q/A did not amend or otherwise update any other information in the Form 10-Q. Therefore, Form 10-Q/A should be read in conjunction with the Form 10-Q. Form 10-Q/A has not been updated to reflect events that occurred after the date of the Form 10-Q.

We have attached Form 10-Q/A as Annex A to this supplement.

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Recent Developments

Newtek Declares Fourth Quarter Dividend of $0.44 per Share

Meets 2017 Annual Dividend Guidance of $1.64 per share

On November 9, 2017, the Company announced that its Board of Directors declared a fourth quarter 2017 cash dividend (1) of $0.44 per share, payable on December 28, 2017 to shareholders of record as of December 18, 2017. The payment of the fourth quarter dividend is in line with the Company’s 2017 annual dividend guidance of $1.64 per share, which represents an approximate 7.2% increase over the 2016 annual cash dividend of $1.53 per share.

Note regarding Dividend Payments: The Company’s Board of Directors expects to maintain a dividend policy with the objective of making quarterly distributions in an amount that approximates 90 - 100% of the Company’s annual taxable income. (2) The determination of the tax attributes of the Company’s distributions is made annually as of the end of the Company’s fiscal year based upon its taxable income for the full year and distributions paid for the full year.

(1) The dividend will be paid in cash, or shares of the Company’s Common Stock through participation in the Company’s dividend reinvestment program (“DRIP”), at the election of shareholders.

(2) Amount and timing of dividends, if any, remain subject to the discretion of the Company’s Board of Directors.

Newtek Business Services Corp. Assigned “A-” Rating from Egan-Jones

On November 9, 2017, the Company announced that it has been assigned a rating of “A-” from Egan-Jones Ratings Co. (“Egan-Jones”). Egan-Jones noted that its credit rating rationale was supported by, among other things, the Company’s strong loan portfolio, unique business model, state-of-the-art technology, and flexible, customizable financing solutions for seasoned small businesses.

Egan-Jones is a Nationally Recognized Statistical Rating Organization and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Egan-Jones is also certified by the European Securities and Markets Authority.

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Annex A

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

(AMENDMENT NO.1)

(Mark One)

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

For the quarterly period ended September 30, 2017

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

For the transition period from _to___

Commission file number: 814-01035

NEWTEK BUSINESS SERVICES CORP.

(Exact name of registrant as specified in its charter)

Maryland	46-3755188
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1981 Marcus Avenue, Suite 130, Lake Success, New York	11042
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 356-9500

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 and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted 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 (all as defined in Rule 12b-2 of the Exchange Act).

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨	Smaller reporting company	¨
		Emerging growth company	¨

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. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

As of November 7, 2017 there were 18,004,247 shares issued and outstanding of the registrant’s Common Stock, par value $0.02 per share.

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EXPLANATORY NOTE

Newtek Business Services Corp. is filing this Amendment No. 1 on Form 10-Q/A (the “Form 10-Q/A”) to amend its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2017 (the “Form 10-Q”), originally filed with the Securities and Exchange Commission on November 7, 2017. This Form 10-Q/A is being filed to correct typographical errors related to portfolio company names in the Consolidated Schedule of Investments as of September 30, 2017 in the Form 10-Q. In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended, Item 1. “Financial Statements,” of Part I. “Financial Information,” of the Form 10-Q is hereby amended and restated in its entirety. This 10-Q/A does not amend or otherwise update any other information in the Form 10-Q. This Form 10-Q/A should be read in conjunction with the Form 10-Q. This Form 10-Q/A has not been updated to reflect events that occurred after the date of the Form 10-Q.

Updated certifications of our principal executive officer and principal financial officer are included as exhibits to this Form 10-Q/A.

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TABLE OF CONTENTS

		Page
PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements:
	Condensed Consolidated Statements of Assets and Liabilities as of September 30, 2017 (Unaudited) and December 31, 2016	1
	Condensed Consolidated Statements of Operations (Unaudited) for the three and nine months ended September 30, 2017 and 2016	2
	Condensed Consolidated Statement of Changes in Net Assets (Unaudited) for the nine months ended September 30, 2017	3
	Condensed Consolidated Statements of Cash Flows (Unaudited) for the nine months ended September 30, 2017 and 2016	4
	Consolidated Schedule of Investments as of September 30, 2017 (Unaudited) and December 31, 2016	6
	Notes to Condensed Consolidated Financial Statements (Unaudited)	154
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	179
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	203
Item 4.	Controls and Procedures	204
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	205
Item 1A.	Risk Factors	205
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	205
Item 3.	Defaults Upon Senior Securities	205
Item 4.	Mine Safety Disclosures	205
Item 5.	Other Information	205
Item 6.	Exhibits	205

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Defined Terms

We have used “we,” “us,” “our”, “our company”, and “the Company” to refer to Newtek Business Services Corp. and its subsidiaries in this report. We also have used several other terms in this report, which are explained or defined below:

Terms
1940 Act	Investment Company Act of 1940, as amended
2016-1 Trust	Newtek Small Business Loan Trust, Series 2016-1
2021 Notes	7% Notes due 2021
2022 Notes	7.5% Notes due 2022
ASC	Accounting Standards Codification, as issued by the FASB
ASU	Accounting Standards Updates, as issued by the FASB
ATM Equity Distribution Agreement	At the Market equity distribution agreement dated March 20, 2017 with JMP Securities, LLC, Compass Point Research & Trading, LLC and Ladenburg Thalman & Co., Inc., each Placement Agents. Amended and restated on September 6, 2017 to include D.A. Davidson as a Placement Agent
BDC	Business Development Company under the 1940 Act
Board	The Company's board of directors
Capital One	Capital One Bank, N.A.
Code	Internal Revenue Code of 1986, as amended
DRIP	Dividend reinvestment plan
EBITDA	Earnings before interest, taxes, depreciation and amortization
Equity Incentive Plan	The Company's 2015 Equity Incentive Plan
Exchange Act	Securities and Exchange Act of 1934, as amended
FASB	Financial Accounting Standards Board
Goldman Facility	Credit and Guaranty Agreement between UPSW and NTS and GS Bank; amended on September 18, to include Premier as a borrower; amended on June 21, 2017 to include BSP and SBL as borrowers
Goldman Sachs	Goldman Sachs Bank
LIBOR	London Interbank Offered Rate
Related Party RLOC	Unsecured revolving line of credit agreement between UPSW, NTS, Premier, BSP and SBL as lenders and Newtek as borrower
PLP	Preferred Lender Program, as authorized by the SBA
RIC	Regulated investment company under the Code
S&P	Standard and Poor's
SBA	United States Small Business Administration
SEC	Securities and Exchange Commission
SMB	Small-and-medium sized businesses
Sterling	Sterling National Bank
Sterling 504 Facility	Loan and Security Agreement between NBCS and Sterling, as lender to fund SBA 504 loans
Sterling Receivable and Inventory Facility	Loan and Security Agreement between NBCS and Sterling, as lender to fund accounts receivable and inventory financing arrangements
Taxable Subsidiaries	Companies formed by Newtek which are taxed as corporations for income tax purposes
Trustee	U.S. Bank, N.A.
U.S. GAAP	Generally accepted accounting principles in the United States

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Portfolio Companies and Subsidiaries
NSBF	Newtek Small Business Finance, LLC, a consolidated subsidiary which operates as a nationally licensed SBA lender under the federal Section 7(a) program with PLP status
UPSW	Universal Processing Services of Wisconsin, LLC dba Newtek Merchant Solutions, a wholly-owned controlled portfolio company which markets credit and debit card processing services, check approval services, processing equipment and software
Premier	Premier Payments LLC, a wholly-owned controlled portfolio company which markets credit and debit card processing services, check approval services, processing equipment and software
NTS	Newtek Technology Solutions, Inc., a wholly-owned controlled 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
IPM	International Professional Marketing, Inc., a wholly-owned controlled portfolio company which provides consulting, design and implementation of technology solutions for enterprise and commercial clients
SIDCO	SIDCO, LLC dba Cloud Nine, a wholly-owned controlled portfolio company which provides consulting, design and implementation of technology solutions for enterprise and commercial clients
EWS	Excel WebSolutions, LLC, a controlled portfolio company which provides web design services to SMB's
NBCS	CDS Business Services, Inc. dba Newtek Business Credit Solutions, a wholly-owned controlled portfolio company which provides receivable and inventory financing, management services and managerial assistance to SMBs and originates loans under the SBA 504 loan program
SBL	Small Business Lending, LLC, a wholly-owned controlled portfolio company which provides third-party loan services for SBA and non-SBA loans
BSP	ADR Partners, LLC dba banc-serv Partners, LLC, a wholly-owned controlled portfolio company which provides lending institutions with outsourced solutions for the entire SBA lending process, including credit analysis, structuring and eligibility, packaging, closing compliance and servicing
NPS	PMTWorks Payroll, LLC dba Newtek Payroll and Benefits Solutions, a wholly-owned controlled portfolio company which provides payroll management, payment and tax reporting services to SMBs
NIA	Newtek Insurance Agency, LLC, a wholly-owned controlled portfolio company which specializes in the sale of commercial and health/benefits insurance products to the SMB market as well as various personal lines of insurance
TAM	Titanium Asset Management LLC, a wholly-owned controlled portfolio company which provides 24/7 customer service and call center support

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(In Thousands, except for Per Share Data)

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	September 30, 2017 — (Unaudited)	(Note 1)
ASSETS
Investments, at fair value
SBA unguaranteed non-affiliate investments (cost of $265,132 and $219,784, respectively; includes $176,934 and $197,927, respectively, related to securitization trusts)	$ 257,136	$	211,471
SBA guaranteed non-affiliate investments (cost of $21,637 and $10,262, respectively)	24,088		11,512
Controlled investments (cost of $58,891 and $41,001, respectively)	136,949		121,302
Non-control/non-affiliate investments (cost of $0 and $904, respectively)	—		904
Investments in money market funds (cost of $9 and $35, respectively)	9		35
Total investments at fair value	418,182		345,224
Cash and cash equivalents	3,915		2,051
Restricted cash	26,602		20,845
Broker receivable	25,003		2,402
Due from related parties	2,553		3,748
Servicing assets, at fair value	19,092		16,246
Other assets	10,980		10,934
Total assets	$ 506,327	$	401,450
LIABILITIES AND NET ASSETS
Liabilities:
Bank notes payable	$ 66,146	$	5,100
Notes due 2022 (Note 7)	7,915		7,853
Notes due 2021 (Note 7)	39,027		38,767
Notes payable - Securitization trusts (Note 7)	95,376		118,122
Notes payable - related parties	20,541		1,400
Due to related parties	812		1,227
Deferred tax liabilities	5,240		5,983
Accounts payable, accrued expenses and other liabilities	15,658		13,904
Total liabilities	250,715		192,356
Commitments and contingencies (Note 8)
Net Assets:
Preferred stock (par value $0.02 per share; authorized 1,000 shares, no shares issued and outstanding)	—		—
Common stock (par value $0.02 per share; authorized 200,000 shares, 17,730 and 14,624 issued and outstanding, respectively)	355		293
Additional paid-in capital	234,955		188,472
(Distributions in excess of)/undistributed net investment income	(3,069	)	8,092
Net unrealized appreciation, net of deferred taxes	11,347		13,008
Net realized gains/(losses)	12,024		(771	)
Total net assets	255,612		209,094
Total liabilities and net assets	$ 506,327	$	401,450
Net asset value per common share	$ 14.40	$	14.30

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See accompanying notes to unaudited condensed consolidated financial statements.

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(In Thousands, except for Per Share Data)

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	Three Months Ended September 30, 2017		Three Months Ended September 30, 2016		Nine Months Ended September 30, 2017		Nine Months Ended September 30, 2016
Investment income:
From non-affiliate investments:
Interest income	$ 4,363		$ 2,583		$ 13,233		$ 7,404
Servicing income	1,794		1,551		5,163		4,581
Other income	705		692		2,266		1,913
Total investment income from non-affiliate investments	6,862		4,826		20,662		13,898
From controlled investments:
Interest income	188		92		456		251
Dividend income	2,551		2,933		7,326		7,719
Other income	—		—		54		—
Total investment income from controlled investments	2,739		3,025		7,836		7,970
Total investment income	9,601		7,851		28,498		21,868
Expenses:
Salaries and benefits	4,776		3,665		14,407		10,638
Interest	2,986		2,341		8,133		5,804
Depreciation and amortization	107		84		292		209
Professional fees	605		807		2,054		2,519
Origination and servicing	1,433		1,537		4,086		4,190
Change in fair value of contingent consideration liabilities	(748	)	—		(748	)	—
Other general and administrative costs	1,634		1,542		5,239		6,094
Total expenses	10,793		9,976		33,463		29,454
Net investment loss	(1,192	)	(2,125	)	(4,965	)	(7,586	)
Net realized and unrealized gains (losses):
Net realized gain on non-affiliate investments	9,938		8,716		27,537		22,536
Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments	1,151		(78	)	1,201		690
Net unrealized (depreciation) appreciation on SBA unguaranteed non-affiliate investments	(1,023	)	1,418		238		869
Net unrealized (depreciation) appreciation on controlled investments	(500	)	4,638		(2,243	)	10,362
Change in provision for deferred taxes on unrealized depreciation (appreciation) on investments	335		(2,028	)	745		(4,469	)
Net unrealized depreciation on non-control/non-affiliate investments	—		—		—		(43	)
Net unrealized depreciation on servicing assets	(632	)	(500	)	(1,601	)	(1,341	)
Net unrealized depreciation on credits in lieu of cash and notes payable in credits in lieu of cash	—		(1	)	—		(2	)
Net realized and unrealized gains	9,269		12,165		25,877		28,602
Net increase in net assets	$ 8,077		$ 10,040		$ 20,912		$ 21,016
Net increase in net assets per share	$ 0.46		$ 0.69		$ 1.22		$ 1.45
Net investment loss per share	$ (0.07	)	$ (0.15	)	$ (0.29	)	$ (0.52	)
Dividends declared per common share	$ 0.44		$ 0.43		$ 1.20		$ 1.13
Weighted average shares outstanding	17,487		14,556		17,076		14,515

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See accompanying notes to unaudited condensed consolidated financial statements.

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS (UNAUDITED)

(In Thousands)

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	Nine Months Ended September 30, 2017
Increase in net assets:
Net investment loss	$ (4,965	)
Net realized gains on investments	27,537
Net change in unrealized depreciation on investments	(59	)
Net change in unrealized depreciation on servicing assets	(1,601	)
Net increase in net assets	20,912
Distributions to common stockholders:
Dividends to common stockholders from net investment income	(6,151	)
Distributions to stockholders from net realized gains	(14,686	)
Total distributions to stockholders	(20,837	)
Capital share transactions:
Issuance of common stock under dividend reinvestment plan	475
Stock-based compensation expense	904
Issuance of common stock in connection with investment in International Professional Marketing, Inc.	1,000
Purchase of vested stock for employee payroll tax withholding	(644	)
Issuance of common stock, net of offering costs	44,708
Net increase in net assets from capital share transactions	46,443
Total increase in net assets	46,518
Net assets at beginning of period	209,094
Net assets at end of period (includes $3,069 of distributions in excess of net investment income)	$ 255,612
Common shares outstanding at end of period	17,750
Capital share activity:
Shares issued under dividend reinvestment plan	30
Shares issued in connection with public offerings	3,043
Shares issued in connection with investment in International Professional Marketing, Inc.	61
Purchase of vested stock for employee payroll tax withholding	(38	)
Restricted shares issued under Equity Incentive Plan, net of forfeitures	10
Net increase in capital activity	3,106

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See accompanying notes to unaudited condensed consolidated financial statements.

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(In Thousands)

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	Nine Months Ended September 30, 2017
Cash flows from operating activities:
Net increase in net assets	$ 20,912	$	21,016
Adjustments to reconcile net increase in net assets to net cash used in operating activities:
Net unrealized depreciation (appreciation) on controlled investments	2,243		(10,362	)
Net unrealized appreciation on non-affiliate investments	(1,438	)	(1,516	)
Net unrealized depreciation on servicing assets	1,602		1,341
Realized gains on non-affiliate investments	(27,668	)	(23,299	)
Realized losses on non-affiliate investments	131		763
Loss on lease	249		1,335
Amortization of deferred financing costs	1,075		921
Change in fair value of contingent consideration liabilities	748		—
Deferred income taxes	(745	)	4,469
Depreciation and amortization	292		209
Purchase of loan from SBA	(3,821	)	(2,057	)
Purchase of SBA 7(a) loan portfolio	(175	)	—
Funding of controlled investments	(27,000	)	(6,175	)
Funding of non-control/non-affiliate investments	(3,255	)	(1,020	)
Originations of SBA guaranteed non-affiliate investments	(200,620	)	(166,212	)
Principal payments received from controlled investments	12,332		1,800
Principal payments received from non-control/non-affiliate investments	3,255		910
Return of investment from controlled investment	50		—
Proceeds from sale of SBA guaranteed non-affiliate investments	217,016		183,452
Originations of SBA unguaranteed non-affiliate investments	(62,185	)	(51,567	)
Payments received on SBA non-affiliate investments	20,327		15,336
Other, net	1,139		527
Changes in operating assets and liabilities:
Net decrease in investments in money market funds	26		—
Broker receivable	(22,601	)	10,588
Due to/from related parties	780		542
Other assets	437		470
Accounts payable, accrued expenses and other liabilities	(133	)	1,300
Change in restricted cash	(4,585	)	(1,923	)
Capitalized servicing assets	(4,447	)	(3,919	)
Other, net	(80	)	23
Net cash used in operating activities	(76,139	)	(23,048	)
Cash flows from investing activities:
Purchase of fixed assets	(345	)	(294	)

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See accompanying notes to unaudited condensed consolidated financial statements.

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(In Thousands)

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	Nine Months Ended September 30, 2017
Cash flows from financing activities:
Net borrowings on bank lines of credit	61,046		20,819
Net borrowings on related party line of credit	19,141		1,753
Repurchase of common stock under share repurchase plan	—		(866	)
Proceeds from common shares sold, net of offering costs	44,708		—
Purchase of vested stock for employee payroll tax withholding	(644	)	—
Proceeds from Notes due 2021	—		40,250
Dividends paid	(20,836	)	(22,168	)
Payments on Notes Payable - Securitization Trusts	(23,414	)	(16,297	)
Change in restricted cash related to securitization trusts	(1,172	)	11
Additions to deferred financing costs	(480	)	(1,740	)
Other, net	(1	)	(10	)
Net cash provided by financing activities	78,348		21,752
Net increase (decrease) in cash and cash equivalents	1,864		(1,590	)
Cash and cash equivalents—beginning of period	2,051		4,308
Cash and cash equivalents—end of period	$ 3,915	$	2,718
Supplemental disclosure of cash flow activities:
Non-cash operating, investing and financing activities:
Reduction of credits in lieu of cash and notes payable in credits in lieu of cash balances due to delivery of tax credits	$ —	$	652
Foreclosed real estate acquired	$ 212	$	387
Issuance of common shares in connection with investment in International Professional Marketing, Inc.	$ 1,000	$	—
Issuance of common stock under dividend reinvestment plan	$ 477	$	588
Fixed assets acquired from tenant improvement allowance	$ —	$	1,288

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See accompanying notes to unaudited condensed consolidated financial statements.

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

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Portfolio Company	Industry	Type of Investment	Interest Rate (2)	Maturity	Principal	Cost	Fair Value
Performing SBA Unguaranteed Investments (1)
Dan Cline Transport Inc.	Truck Transportation	Term Loan	Prime plus 2.75%	9/29/2030	$ 1,005.5	$ 1,005.5	$ 895.1	0.35 %
Lone Star Hardware and Home Decor, LLC	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	9/29/2027	72.5	72.5	62.8	0.02 %
Threads of Time LLC	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	9/29/2042	137.5	137.5	136.6	0.05 %
Miechella Suzette Decker	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	9/29/2042	100.0	100.0	105.6	0.04 %
Harco Metal Products Inc	Primary Metal Manufacturing	Term Loan	Prime plus 2.75%	9/29/2042	489.0	489.0	467.3	0.18 %
SSN GROUP LLC and Dockside Steel Processing LLC	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	9/29/2042	1,250.0	1,250.0	1,264.9	0.49 %
Sashshel Corporation	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/29/2042	212.5	212.5	224.4	0.09 %
Dr Richard Rolle JR, PLLC dba Rolle Oral & Facial Surgery PLLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	9/29/2042	875.0	875.0	864.0	0.34 %
Cagwin Trucking LLC	Truck Transportation	Term Loan	Prime plus 2.75%	9/29/2042	325.0	325.0	336.8	0.13 %
Pets A Go Go LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/28/2042	198.1	198.1	202.6	0.08 %
Rhode Island Tennis Management LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/28/2042	550.0	550.0	545.3	0.21 %
Nicholson Lumber Co Inc.	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	9/28/2030	215.0	215.0	211.5	0.08 %
National Media Services, Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/28/2027	18.8	18.8	16.2	0.01 %
Rhode Island Tennis Management LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/28/2042	383.0	383.0	379.7	0.15 %
Moreno Brother's Inc.	Food and Beverage Stores	Term Loan	Prime plus 2.75%	9/28/2027	15.0	15.0	12.9	0.01 %
Complete Care IT LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/27/2027	15.0	15.0	12.9	0.01 %
Technologist Inc	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	9/27/2027	434.5	434.5	411.9	0.16 %

Field: Page; Sequence: 14

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 6 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Inspirations Food Design, Inc	Industry — Food Services and Drinking Places	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 9/26/2042	466.0	466.0	468.5	0.18 %
Rollins Construction & Trucking LLC	Construction of Buildings	Term Loan	Prime plus 2.75%	9/26/2027	341.3	341.3	332.0	0.13 %
JPS Arthur Kill Rd Bakery Corp dba Aunt Butches of Brooklyn	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/22/2027	22.5	22.5	19.6	0.01 %
KB Waterjet Cutting LLC	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	9/22/2027	10.2	10.2	9.3	— %
Magnation Corporation	Utilities	Term Loan	Prime plus 2.75%	9/22/2027	50.0	50.0	50.8	0.02 %
Sallee Pro-Custom Fabrication Shop LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	9/21/2027	9.0	9.0	9.2	— %
Excel, RP Inc.	Machinery Manufacturing	Term Loan	Prime plus 2.75%	9/20/2027	100.0	100.0	92.2	0.04 %
Denek Contracting Inc and Denek Leasing LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	9/20/2042	209.8	209.8	221.5	0.09 %
Max Home Deliveries, Inc	Couriers and Messengers	Term Loan	Prime plus 2.75%	9/20/2027	80.8	80.8	73.8	0.03 %
CR Park Incorporated dba Define Body and Mind	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/20/2027	100.0	27.5	26.8	0.01 %
Sound Manufacturing, Inc. & Monster Power Equipment, Inc.	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	9/20/2027	200.0	200.0	189.1	0.07 %
Alpha Preparatory Academy LLC	Social Assistance	Term Loan	Prime plus 2.75%	9/20/2042	162.5	162.5	160.7	0.06 %
Montessori Community School	Social Assistance	Term Loan	Prime plus 2.75%	9/20/2042	391.5	391.5	380.8	0.15 %
NY Tent LLC & NY Tent Parent, LLC dba Tent Company of New York	Rental and Leasing Services	Term Loan	Prime plus 2.75%	9/20/2027	1,027.5	1,027.5	978.6	0.38 %
Imagine By Carleen, Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/20/2027	7.5	7.5	7.3	— %
Alexander Pierce Corporation	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	9/20/2042	625.0	625.0	621.9	0.24 %
Venus Pizza, Inc.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/20/2042	91.3	91.3	96.3	0.04 %
Insight Diagnostic Technologist Services	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/20/2027	302.8	302.8	271.7	0.11 %
Commonwealth Diagnostics International, Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/20/2027	1,250.0	1,250.0	1,271.2	0.50 %
Stone's Construction and Remodeling, LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	9/19/2027	5.3	5.3	4.5	— %

Field: Page; Sequence: 15

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 7 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — CIS BIG DOG, LLC	Industry — Administrative and Support Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 9/19/2027	61.3	61.3	61.1	0.02 %
Party By Design Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/18/2042	1,205.0	1,205.0	1,188.4	0.46 %
Li Family Spokane LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/15/2042	384.5	384.5	395.6	0.15 %
SD Kickboxing LLC dba CKO Kickboxing Dan Diego	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/15/2027	40.0	40.0	36.0	0.01 %
Clark Realty LLC	Real Estate	Term Loan	Prime plus 2.75%	9/15/2027	62.5	62.5	57.3	0.02 %
Inglis Food Mart Inc.	Food and Beverage Stores	Term Loan	Prime plus 2.75%	9/15/2027	22.5	22.5	22.3	0.01 %
Clinton Food Market LLC	Gasoline Stations	Term Loan	Prime plus 2.75%	9/15/2042	262.5	262.5	262.1	0.10 %
Tarleton & Family Landscaping, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/15/2027	83.8	83.8	74.7	0.03 %
Alaska Motor Home Inc	Rental and Leasing Services	Term Loan	Prime plus 2.75%	9/13/2027	331.5	331.5	285.7	0.11 %
Fox Valley Rentals & Investments, LLC	Food Services and Drinking Places	Term Loan	Prime plus 3.75%	9/13/2027	7.5	7.5	7.5	— %
Nails By Mercede LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/13/2027	14.3	14.3	13.3	0.01 %
Town & Country Transportation Co. and Popco, LLC.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	9/12/2042	168.8	168.8	178.2	0.07 %
Rajbai Maa Inc. dba Nara Lounge	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/12/2042	388.1	388.1	375.6	0.15 %
Morgan Lynn Kerstetter dba Catherine School of Dance	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	9/11/2027	7.5	7.5	7.6	— %
Health & Performance Center, LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	9/11/2027	20.4	20.4	17.6	0.01 %
Foxtail, LLC and Tottly New Services Corp	Social Assistance	Term Loan	Prime plus 2.75%	9/8/2042	291.3	291.3	291.8	0.11 %
Desert Ribs, LLC and Famous Charlie, LLC and Famous Freddie, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/8/2042	1,250.0	1,250.0	1,177.4	0.46 %
Echelon Planning Group, LLC dba Echelon Financial Services	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	9/8/2027	7.5	7.5	7.3	— %
South Fulton Landscape & Nursery, Inc.	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	9/7/2042	100.0	100.0	105.6	0.04 %

Field: Page; Sequence: 16

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 8 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Crazy Beatz Productions LLC	Industry — Motion Picture and Sound Recording Industries	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 3.75%	Maturity — 9/7/2027	5.3	5.3	5.0	— %
Dreaming Big Learning Center Inc	Social Assistance	Term Loan	Prime plus 2.75%	9/5/2042	367.8	367.8	368.2	0.14 %
Big Coop's Trucking LLC	Truck Transportation	Term Loan	Prime plus 2.75%	9/1/2027	100.0	100.0	93.8	0.04 %
Blue Eagel Transport Inc	Couriers and Messengers	Term Loan	Prime plus 2.75%	8/31/2027	383.5	383.5	330.6	0.13 %
Evernook Valley Milk LLC	Animal Production and Aquaculture	Term Loan	Prime plus 2.75%	8/31/2042	642.5	642.5	639.5	0.25 %
Bark Life, Inc.	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	8/31/2027	22.5	22.5	19.4	0.01 %
The Pink Alli, LLC dba The Alli	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	8/30/2027	18.0	18.0	16.1	0.01 %
Busby Outdoor LLC	Real Estate	Term Loan	Prime plus 2.75%	8/29/2042	700.0	700.0	631.0	0.25 %
Busby Outdoor LLC	Real Estate	Term Loan	Prime plus 2.75%	8/29/2042	550.0	550.0	495.8	0.19 %
Lake County Tow LLC	Support Activities for Transportation	Term Loan	Prime plus 2.75%	8/25/2042	87.5	87.5	87.0	0.03 %
Parlay Disributors LLC	Educational Services	Term Loan	Prime plus 2.75%	8/25/2027	112.5	112.5	98.5	0.04 %
InUSA Ventures Inc dba InUSA Services	Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Term Loan	Prime plus 2.75%	8/24/2027	25.0	25.0	21.5	0.01 %
Genuine Ventures LLC and Seaweed Ventures LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/24/2030	557.8	557.8	521.4	0.20 %
R & R Strength & Conditioning Corp dba Crossfit Light House Point	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	8/23/2042	82.5	82.5	87.1	0.03 %
Delicias de Minas Restaurant, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/22/2027	206.3	206.3	201.2	0.08 %
The Holder Grooup LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	8/22/2027	7.5	7.5	6.5	— %
L&V Auto Sales, Inc.	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	8/21/2027	18.0	18.0	18.3	0.01 %
M.E. Interiors LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	8/21/2027	16.5	16.5	14.2	0.01 %
Damiano Global Corp	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	8/21/2027	22.5	22.5	21.1	0.01 %

Field: Page; Sequence: 17

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 9 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Tier1Solutions, LLC	Industry — Professional, Scientific, and Technical Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 8/18/2027	18.8	18.8	16.8	0.01 %
Tony Herring & Associates, Inc	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	8/17/2027	7.5	7.5	6.5	— %
Chester's World Enterprise LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	8/16/2027	22.5	22.5	20.3	0.01 %
D'Amato & Sons Construction, Inc.	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	8/11/2027	8.3	8.3	7.5	— %
HTP LLC dba Hot Tomatoes Pizza	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/11/2027	11.3	11.3	10.5	— %
Roundhay Partners LLC and Roundhay Farming LLC	Crop Production	Term Loan	Prime plus 2.75%	8/8/2042	912.5	912.5	830.5	0.32 %
Splashlight LLC, Splashlight Photographic and Digital Studios, LLC	Management of Companies and Enterprises	Term Loan	Prime plus 2.75%	8/7/2027	500.0	500.0	446.8	0.17 %
L & J Corporate Services Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	8/4/2027	7.5	7.4	6.5	— %
Furniture Masters Limited Liability Company	Repair and Maintenance	Term Loan	Prime plus 2.75%	8/3/2027	9.0	9.0	7.8	— %
HMG Strategy LLC,	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	8/2/2027	50.0	50.0	43.1	0.02 %
Hope Health Care, LLC	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	7/31/2027	10.5	10.4	9.0	— %
Bowl Mor LLC dba Bowl Mor Lanes	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	7/31/2027	7.5	7.5	6.4	— %
Royal Blue Investments, Inc. and Cleland Pharmacy LLC	Health and Personal Care Stores	Term Loan	Prime plus 2.75%	7/31/2042	53.0	52.9	54.7	0.02 %
Raffi's Inc dba Atlantic Auto Center	Repair and Maintenance	Term Loan	Prime plus 2.75%	7/31/2027	14.3	14.2	14.1	0.01 %
Sharon G McMillen, MA Psychologist, Inc.	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	7/28/2027	18.6	18.5	15.9	0.01 %
Work of Heart Inc.dba Little Nest Portraits	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	7/28/2027	50.0	21.4	18.7	0.01 %
HQTRONIC LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	7/27/2027	22.5	22.4	19.3	0.01 %
Oberon IT, Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	7/26/2027	218.7	217.5	198.7	0.08 %

Field: Page; Sequence: 18

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 10 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Gilles Peress Studio LLC	Industry — Professional, Scientific, and Technical Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 7/25/2027	62.5	62.1	53.6	0.02 %
Ocean Trans LLC	Truck Transportation	Term Loan	Prime plus 2.75%	7/21/2027	37.5	37.3	32.1	0.01 %
Obok LLC	Food Manufacturing	Term Loan	Prime plus 2.75%	7/21/2027	12.0	11.9	11.1	— %
Lil Tots' Learning Center LLC	Social Assistance	Term Loan	Prime plus 2.75%	7/21/2042	47.5	47.4	47.2	0.02 %
Nova Solutions, Inc.	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	7/19/2027	25.0	24.9	24.3	0.01 %
Webb Eye Associates, PA	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	7/19/2027	73.8	73.3	69.5	0.03 %
Matrix Z LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 3.75%	7/19/2027	7.5	7.5	7.6	— %
Aitheras Aviation Group, LLC, Aitheras Aviation Group, LLC	Air Transportation	Term Loan	Prime plus 2.75%	7/18/2027	825.0	819.9	711.5	0.28 %
Wildflour Bakery & Cafe, LLC	Food Manufacturing	Term Loan	Prime plus 2.75%	7/17/2027	22.5	22.4	22.7	0.01 %
Florida Home and Kitchen LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	7/14/2027	12.0	11.9	10.3	— %
Koep Companies dba Pipestone True value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	7/14/2042	326.5	326.1	318.4	0.12 %
Rocks Auto Exchange LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	7/13/2027	15.0	14.9	12.9	0.01 %
McCord Holdings, Inc. dba Fast Signs 176101	Administrative and Support Services	Term Loan	Prime plus 2.75%	7/7/2027	18.7	18.6	16.4	0.01 %
Thrifty Market Inc dba Thrifty Foods	Food and Beverage Stores	Term Loan	Prime plus 2.75%	7/6/2027	102.5	101.9	92.1	0.04 %
New Chicago Wholesale Bakery Inc.	Food Manufacturing	Term Loan	Prime plus 2.75%	6/30/2027	15.0	14.8	14.2	0.01 %
The Country House Restaurant, LLC and Pelton Real Estate, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/30/2042	50.0	49.9	51.4	0.02 %
Qycell Corporation	Plastics and Rubber Products Manufacturing	Term Loan	Prime plus 2.75%	6/30/2027	76.3	75.4	76.6	0.03 %
Bone Bar & Grill LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/30/2042	73.5	73.4	75.0	0.03 %
J. T. O'Neill Company, L.L.C	Real Estate	Term Loan	Prime plus 2.75%	6/30/2027	15.0	14.8	12.8	0.01 %
Hamilton & Associates Real Estate and Investments Firm LLC	Real Estate	Term Loan	Prime plus 2.75%	6/30/2042	54.0	53.9	54.5	0.02 %

Field: Page; Sequence: 19

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 11 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — J&M Civil Construction Services LLC	Industry — Specialty Trade Contractors	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/30/2027	100.0	98.8	85.1	0.03 %
BQRS, Inc. DBA Gresham Meineke Car Care Center	Repair and Maintenance	Term Loan	Prime plus 2.75%	6/30/2027	62.5	61.8	54.3	0.02 %
JWH Designs, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/30/2027	106.3	105.0	90.4	0.04 %
Safeguard Construction Company, Inc.	Construction of Buildings	Term Loan	Prime plus 2.75%	6/30/2027	76.3	75.4	64.9	0.03 %
Veola's Day Spa and Wellness Center Inc.	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	6/30/2027	9.1	9.0	8.1	— %
Steigelbauer Associates Inc.	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/29/2027	309.0	305.4	310.4	0.12 %
Best Bees Company	Animal Production and Aquaculture	Term Loan	Prime plus 2.75%	6/29/2027	22.5	22.2	19.2	0.01 %
Greensboro Plastic Surgical Associates, PA	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	6/29/2042	578.0	576.9	572.0	0.22 %
Ocean Trans LLC and Dehal Trucking LLC	Truck Transportation	Term Loan	Prime plus 2.75%	6/29/2027	602.5	595.5	512.9	0.20 %
HG Ventures, Inc. dba Diamond Head Trucking	Truck Transportation	Term Loan	Prime plus 2.75%	6/29/2030	1,006.7	1,000.4	870.4	0.34 %
Malhame & Company Publishers & Importers Inc.	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	6/29/2027	90.0	89.1	76.9	0.03 %
Intellixion LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/29/2027	3.7	3.7	3.2	— %
Oakhill Farms, LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/29/2030	100.0	99.2	101.0	0.04 %
ElKareh Brothers Investment, LLC (OC) Best Choice Meats Inc	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	6/29/2027	448.7	443.5	450.8	0.18 %
Miguel Fernando Borda PA dba BGR Dental	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	6/29/2027	50.0	49.4	44.2	0.02 %
Foxhop Fitness, LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	6/28/2027	91.3	91.3	79.4	0.03 %
Akal Express Inc. dba Truck Trailer Service Stop	Repair and Maintenance	Term Loan	Prime plus 2.75%	6/28/2042	60.0	59.8	61.9	0.02 %
Old Dominion Transportation Group, Inc.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	6/28/2027	1,133.9	1,121.1	987.3	0.39 %
Citibin, Inc.	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	6/27/2027	125.0	123.5	106.4	0.04 %

Field: Page; Sequence: 20

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 12 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Auxiliary Systems Inc.,Sharrick Company, LLC & KMN, LLC	Industry — Transportation Equipment Manufacturing	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/27/2030	245.3	243.3	241.9	0.09 %
WB Cleaners Inc. DBA $2.75 Cleaners	Personal and Laundry Services	Term Loan	Prime plus 2.75%	6/27/2027	22.5	22.2	21.9	0.01 %
Four Seasons Laser Center Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	6/26/2042	216.3	216.3	215.8	0.08 %
Ains Holding Company, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/26/2027	1,175.0	1,161.7	1,023.7	0.40 %
Rustic LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	6/23/2042	18.8	18.7	16.8	0.01 %
Vella Construction Enterprises, Inc. dba Vella Construction	Construction of Buildings	Term Loan	Prime plus 2.75%	6/23/2027	22.5	22.2	19.2	0.01 %
Northern Industries, LLC	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	6/23/2042	57.8	57.6	60.8	0.02 %
Birches Group, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/22/2027	50.0	49.4	42.6	0.02 %
Tarver-Henley Inc. and Tar-Hen LLC	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	6/21/2042	320.0	319.2	316.6	0.12 %
704 Meat Center Inc. dba El Mercado and La Plaza Mercado	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/20/2042	175.0	174.5	180.4	0.07 %
Sanabi Investment ,,LLC dba Oscar's Moving and Storage	Truck Transportation	Term Loan	Prime plus 2.75%	6/20/2027	124.0	122.6	111.2	0.04 %
Scarlet Spartan Inc.dba FastSigns of Brighton	Administrative and Support Services	Term Loan	Prime plus 2.75%	6/19/2027	55.0	55.0	48.5	0.02 %
Don G. Timpton DDS & Associates PA and Indsaad Properties,LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	6/16/2042	400.0	399.0	383.4	0.15 %
JAM Media Solutions, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/15/2027	62.5	61.8	53.2	0.02 %
All Regional Recyclers of Wood LLC dba ARROW,Superior Carting, LLC	Waste Management and Remediation Services	Term Loan	Prime plus 2.75%	6/15/2042	314.0	313.3	309.2	0.12 %
Tele Tax Express Inc., El Rancho Paiso, LLC and Nestor Romero	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/14/2042	92.5	92.3	94.9	0.04 %
Susan Hughes dba Aloha Junction B and B	Accommodation	Term Loan	Prime plus 2.75%	6/14/2042	62.5	61.9	65.3	0.03 %
ESA 365 Corp and Lucathor Realty LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	6/14/2042	22.5	22.4	22.7	0.01 %
Hull's Kitchen, LLC and HK Too, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/14/2042	96.3	96.2	100.8	0.04 %

Field: Page; Sequence: 21

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 13 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Yachting Solutions LLC	Industry — Motor Vehicle and Parts Dealers	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/12/2027	118.8	117.4	110.2	0.04 %
Refoleen Inc dba Spice and Tea Exchange	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/8/2027	3.5	3.5	3.0	— %
Earth First Recycling, LLC and 191 Clark Road, LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	6/5/2027	354.5	352.3	351.6	0.14 %
Skydive California, LLC	Educational Services	Term Loan	Prime plus 2.75%	6/2/2027	55.0	54.5	55.4	0.02 %
SCW, LLC dba Arthur Murray Dance Studio	Educational Services	Term Loan	Prime plus 2.75%	6/2/2042	146.0	145.6	145.6	0.06 %
Speaker City, Inc.and Speaker Town, LLC dba Rollin Thunder	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	6/1/2042	45.6	45.5	46.3	0.02 %
Sage Oil LLC	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	5/31/2027	22.5	22.1	19.0	0.01 %
Impact Grounds Maintenance and Design, Inc.dba Impact Landscaping	Administrative and Support Services	Term Loan	Prime plus 2.75%	5/31/2042	79.4	79.2	82.1	0.03 %
Ricnet III, Inc. dba Edible Arrangements	Food and Beverage Stores	Term Loan	Prime plus 2.75%	5/31/2027	15.0	14.6	12.8	0.01 %
Funtime, LLC and Universal Entertainment Group LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	5/31/2027	66.2	65.1	57.0	0.02 %
Haroon Baig,Inc.dba US1 Petrol	Gasoline Stations	Term Loan	Prime plus 2.75%	5/31/2042	264.0	263.0	277.5	0.11 %
Eagle Wood Works LLC	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	5/26/2027	12.0	11.8	10.8	— %
Hurricane Group, Inc.	Other Information Services	Term Loan	Prime plus 2.75%	5/26/2027	75.0	73.7	63.5	0.02 %
Mitchell Auto Repair, LLC and and C&M Mitchell, LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/26/2042	193.2	193.0	197.3	0.08 %
Swantown Inn & Spa LLC	Accommodation	Term Loan	Prime plus 2.75%	5/26/2042	116.0	28.4	30.0	0.01 %
Chet Lemon Enterprises LLC dba All American Sports	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	5/26/2042	792.5	789.4	833.0	0.33 %
Demand Printing Solutions Inc.	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	5/25/2027	213.3	209.5	197.3	0.08 %
Beyond Waves A Unique Salon LLC and Lori Ann Carlson	Personal and Laundry Services	Term Loan	Prime plus 2.75%	5/25/2027	15.0	14.7	12.8	0.01 %
Jung Design Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	5/25/2027	9.0	8.8	7.6	— %
Locavore LLC dba Paloma Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/25/2027	50.0	49.1	43.9	0.02 %

Field: Page; Sequence: 22

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 14 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Abdul Naushad MD PC dba Advanced Pain Centers	Industry — Ambulatory Health Care Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 5/25/2042	393.8	392.2	403.0	0.16 %
Shaffer Automotive Repair, LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/24/2030	135.8	134.1	125.5	0.05 %
Juliador Resources LLC DBA Cue Hair Salon and Skin Care	Personal and Laundry Services	Term Loan	Prime plus 2.75%	5/24/2027	22.5	22.1	19.0	0.01 %
Innovim, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	5/24/2027	337.5	331.5	285.5	0.11 %
Southeast Recycling, LLC and Southeast Land Holdings LLC dba 67 Motor	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	5/23/2042	181.4	180.7	188.8	0.07 %
Gill Express Inc. and Gill Express 2 LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/23/2042	338.7	337.4	333.6	0.13 %
Prestige Construction of Florida, LLC	Construction of Buildings	Term Loan	Prime plus 2.75%	5/23/2042	336.4	335.1	326.1	0.13 %
Enfield Tractor & Equipment Co.	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	5/19/2027	296.3	291.2	278.7	0.11 %
PS Camping, Inc. dba Prospectors RV Resort	Accommodation	Term Loan	Prime plus 2.75%	5/19/2042	257.7	256.7	269.3	0.11 %
GEM2K, LLC dba Precision Precast Group	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	5/19/2027	162.5	159.6	143.2	0.06 %
Hayden Trucking LLC	Truck Transportation	Term Loan	Prime plus 2.75%	5/19/2027	262.5	257.9	237.8	0.09 %
Tres K Deli,Grocery,Fruit and Meat Inc.	Food and Beverage Stores	Term Loan	Prime plus 2.75%	5/19/2027	8.3	8.1	7.5	— %
Iron Men Home Repair, Inc. and Ironmen House Lifting Inc.	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	5/19/2042	582.5	580.2	585.6	0.23 %
J Harris Trucking LLC	Truck Transportation	Term Loan	Prime plus 2.75%	5/19/2027	19.5	19.2	18.2	0.01 %
New Image Building Services, Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	5/18/2027	150.8	148.1	132.4	0.05 %
Bay Car Wash LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/18/2042	120.7	120.3	121.7	0.05 %
Mr. B's Bicycles & Mopeds, Inc.	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	5/18/2042	146.7	146.2	146.7	0.06 %
Waterford Plumbing Co, Inc.	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	5/18/2027	50.0	49.1	43.1	0.02 %
Computech Computers Inc.	Educational Services	Term Loan	Prime plus 2.75%	5/17/2027	50.0	49.1	42.3	0.02 %
Arco Electrical Contractors Inc. dba Arco Construction Group	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	5/16/2027	360.0	353.6	325.1	0.13 %

Field: Page; Sequence: 23

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 15 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — 5 Stars Learning Center Inc	Industry — Social Assistance	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 5/16/2042	61.8	61.5	61.9	0.02 %
Batter & Company,LLC dba Batter Co. Dessert Collection	Food and Beverage Stores	Term Loan	Prime plus 2.75%	5/16/2027	53.8	52.8	46.5	0.02 %
Band Sawn Lumber,LLC and Nathan Ryan Adams	Wood Product Manufacturing	Term Loan	Prime plus 2.75%	5/15/2042	113.8	113.3	111.6	0.04 %
Keys Armored Express, Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	5/12/2027	40.0	39.3	35.3	0.01 %
Sanderson Distribution Inc.	Truck Transportation	Term Loan	Prime plus 2.75%	5/12/2027	10.5	10.3	8.9	— %
SG Linke LLC	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	5/12/2027	108.3	108.3	106.3	0.04 %
B G F Bobby Q's Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/11/2027	7.5	7.4	7.2	— %
Estelle Finkel Educational Associates,LLC	Educational Services	Term Loan	Prime plus 2.75%	5/11/2027	118.7	117.8	101.5	0.04 %
Labmates,LLC	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	5/10/2027	100.0	98.2	93.9	0.04 %
NHS, LLC	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	5/9/2027	88.5	86.9	78.2	0.03 %
NHS, LLC	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	5/9/2042	21.9	21.8	20.5	0.01 %
Innovation Transport, LLC	Truck Transportation	Term Loan	Prime plus 2.75%	5/9/2027	86.3	84.7	80.0	0.03 %
1872 Rosecrans, LLC dba Goodbar	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/9/2027	62.5	62.2	54.0	0.02 %
Arclay ,LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	5/5/2030	145.9	144.1	132.8	0.05 %
Benchmark Building, Inc.	Construction of Buildings	Term Loan	Prime plus 2.75%	5/5/2027	22.5	22.1	19.0	0.01 %
Cable Management LLC	Waste Management and Remediation Services	Term Loan	Prime plus 2.75%	5/3/2027	59.6	58.5	54.9	0.02 %
Fine Arts Center of Easley, Inc. dba Midtown Music	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	5/2/2042	116.3	116.1	122.5	0.05 %
Zahmel Restaurant Suppliers Corp dba Cash & Carry	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	4/28/2027	88.8	86.6	75.6	0.03 %
Love and Glory Learning Center, Inc.	Social Assistance	Term Loan	Prime plus 2.75%	4/28/2042	78.0	77.6	77.1	0.03 %

Field: Page; Sequence: 24

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 16 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Georgia Productions Services LLC	Industry — Rental and Leasing Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 4/28/2027	91.2	89.1	81.8	0.03 %
JMA Inc. dba Primecut and Mezzo; Primecut at Marquee	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	4/27/2042	222.5	221.3	233.6	0.09 %
Sneads Ferry Foods, Inc. dba DQ Grill & Chill	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	4/27/2042	618.3	330.0	348.2	0.14 %
Asheville's Fun Depot, LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/26/2027	87.5	85.4	86.8	0.03 %
Carl Joseph Johnston dba Viking Transport	Truck Transportation	Term Loan	Prime plus 2.75%	4/26/2027	53.3	31.8	30.1	0.01 %
Resident Research, LLC	Other Information Services	Term Loan	Prime plus 2.75%	4/24/2027	100.0	97.6	84.1	0.03 %
Getting Even LLC dba The Zoo Health Club	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/21/2027	7.5	7.3	6.6	— %
Ralph's Hair Salon, Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	4/21/2042	50.0	49.7	50.6	0.02 %
M.E. Interiors LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	4/20/2027	139.2	135.9	117.0	0.05 %
MJ and M Home Improvements LLC DBA House Doctors	Repair and Maintenance	Term Loan	Prime plus 2.75%	4/20/2027	20.5	20.0	17.6	0.01 %
Condron Brothers LLC DBA Luv 2 Play	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/19/2027	116.0	116.0	105.0	0.04 %
Affordable Auto Transport LLC	Truck Transportation	Term Loan	Prime plus 2.75%	4/17/2027	12.8	12.4	11.6	— %
Carpeteria (Markarian) Co.	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	4/13/2027	132.8	129.7	128.6	0.05 %
Bloomer Machine & Fab, Inc and Dale Stertz Properties	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	4/13/2042	205.5	204.4	210.6	0.08 %
Butternuts Beer and Ale LLC	Beverage and Tobacco Product Manufacturing	Term Loan	Prime plus 2.75%	4/12/2027	73.7	72.0	73.2	0.03 %
Citizens Lanes, LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/31/2042	619.4	616.1	648.1	0.25 %
The Altitude Group, LLC and Core Home Security, LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/31/2027	50.0	48.6	41.4	0.02 %
Golden Hen Inc. dba Cafe	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/31/2027	64.8	62.9	54.4	0.02 %
Shelter Harbor Inn, Inc.	Accommodation	Term Loan	Prime plus 2.75%	3/31/2042	207.5	206.4	217.1	0.08 %

Field: Page; Sequence: 25

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 17 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Landmark Ventures USA, Inc.	Industry — Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/31/2027	187.5	182.1	155.4	0.06 %
MIT LLC	Publishing Industries (except Internet)	Term Loan	Prime plus 2.75%	3/31/2042	87.5	87.0	91.6	0.04 %
Applied Integrated Technologies, Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/31/2027	125.0	121.4	103.7	0.04 %
Bear Trail Lodge LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/31/2042	552.5	549.6	571.2	0.22 %
KWG Industries LLC dba Peterson & Marsh Metal Industries	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	3/30/2027	30.0	29.1	28.4	0.01 %
Sea Smoke Barbeque, Corp and Danwen LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/30/2042	236.5	233.6	235.0	0.09 %
Signature Rooms, Inc dba Gallery Furniture	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	3/30/2042	495.8	493.1	514.8	0.20 %
Schafer Fisheries Inc.	Food Manufacturing	Term Loan	Prime plus 2.75%	3/30/2042	258.6	251.5	257.2	0.10 %
Douglas K. Soderblom . dba Loma Linda Optometry	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	3/29/2027	100.0	97.1	87.3	0.03 %
Discount Price, LLC dba Robert's Market	Gasoline Stations	Term Loan	Prime plus 2.75%	3/29/2042	206.3	205.2	208.2	0.08 %
First Sail Group Inc. and Omen Board Industires LLC	Nonstore Retailers	Term Loan	Prime plus 2.75%	3/29/2027	20.0	19.4	17.8	0.01 %
Gauri Hospitality Group LLC dba Microtel Inns & Suites by Wyndham	Accommodation	Term Loan	Prime plus 2.75%	3/29/2042	1,056.3	1,050.6	1,096.2	0.43 %
H and H Hotshot Services, Inc. dba AA Hotshot & Logistics	Couriers and Messengers	Term Loan	Prime plus 2.75%	3/29/2030	97.5	95.6	82.5	0.03 %
New England Country Day School, Inc. and Thomas D. Walker	Social Assistance	Term Loan	Prime plus 2.75%	3/28/2042	362.8	362.6	364.1	0.14 %
American Pharmaceutical Innovation Company, LLC	Chemical Manufacturing	Term Loan	Prime plus 2.75%	3/28/2027	30.0	29.1	25.0	0.01 %
Heil & Hornik LLC dba Elysium Tennis	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/27/2042	928.6	923.6	921.1	0.36 %
Pecos Entertainment LLC dba State Theater and Pecos Inn LLC	Motion Picture and Sound Recording Industries	Term Loan	Prime plus 2.75%	3/27/2042	582.9	137.2	144.3	0.06 %
Ericon Inc. dba Quik Pik	Gasoline Stations	Term Loan	Prime plus 2.75%	3/24/2027	62.5	60.7	58.3	0.02 %

Field: Page; Sequence: 26

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 18 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Robert Dixon PA dba Law Offices of Robert Dixon	Industry — Professional, Scientific, and Technical Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/24/2042	435.5	424.2	443.0	0.17 %
Denton Bio Fuels LLC and American Bio Source LLC	Waste Management and Remediation Services	Term Loan	Prime plus 2.75%	3/23/2027	59.3	57.5	52.3	0.02 %
Color Graphic Press, Inc.	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	3/23/2027	120.0	116.5	118.0	0.05 %
JBK Truck Trailer and Bus Inc.	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/23/2042	88.8	78.8	79.5	0.03 %
Executive Fitness & Nutrition Inc.	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/23/2027	20.3	19.7	19.2	0.01 %
Baton Rouge Cargo Services Inc. and 6507 Westport, LLC	Truck Transportation	Term Loan	Prime plus 2.75%	3/22/2042	643.0	639.6	656.4	0.26 %
Vehicle Safety supply LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	3/21/2027	22.5	21.8	18.7	0.01 %
J Sivilis LLC dba Pet Wants	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/17/2027	12.3	12.0	10.5	— %
Reservoir International LLC	Educational Services	Term Loan	Prime plus 2.75%	3/16/2027	100.0	97.1	89.8	0.04 %
The Purple Cow House of Pancake Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/16/2042	162.5	160.9	169.2	0.07 %
Texcor, Inc.dba Texas Corral,Texas Coral Restaurants II, Inc.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/16/2027	300.0	291.4	295.2	0.12 %
Alive Design, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/13/2027	22.5	22.0	18.8	0.01 %
1MTX LLC and Sunrise Transportation and Logistics, LLC	Truck Transportation	Term Loan	Prime plus 2.75%	3/13/2027	702.8	683.0	583.0	0.23 %
Dwayne Bernard Tate	Truck Transportation	Term Loan	Prime plus 2.75%	3/10/2027	10.5	10.2	9.3	— %
Elegant Occasions, LLC dba E Productions	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/10/2042	588.2	586.1	587.5	0.23 %
Anthony LLC dba Star of Woodward Market	Food and Beverage Stores	Term Loan	Prime plus 2.75%	3/9/2042	115.0	114.5	120.4	0.05 %
E & P Holdings 1 LLC and Evans & Paul Unlimited Corp.	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	3/9/2027	125.0	121.4	106.1	0.04 %
Allegro Assisted Living Of Texas	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	3/6/2027	96.0	93.2	94.4	0.04 %
Robbie E. Bakery and Cafe LLC	Food and Beverage Stores	Term Loan	Prime plus 2.75%	3/3/2027	62.5	60.7	51.8	0.02 %

Field: Page; Sequence: 27

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 19 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Podium Auto Sales Inc and RRS Property, LLC	Industry — Motor Vehicle and Parts Dealers	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/3/2042	90.7	90.3	89.8	0.04 %
SSI Refrigerated Express Inc. and Robert M Stallone dba SSI Express	Truck Transportation	Term Loan	Prime plus 2.75%	2/28/2027	235.5	227.3	194.1	0.08 %
Weeping Willow Kennels, Inc and Aileen N Black	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/28/2042	140.0	139.1	141.5	0.06 %
Getting Even LLC dba The Zoo Health Club	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	2/28/2027	96.3	92.9	82.7	0.03 %
Total Document Solutions Inc and,TDS Services, LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	2/27/2030	312.5	305.1	279.9	0.11 %
Teracore Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	2/27/2027	163.7	158.0	134.9	0.05 %
John Finn Associates LLC, Greenslate LLC, Finn Technology, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	2/27/2027	675.0	651.3	623.5	0.24 %
McNally Enterprises Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	2/27/2027	65.0	62.7	55.8	0.02 %
B & J Bicycle Shop Inc.	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	2/24/2027	15.0	14.5	14.7	0.01 %
3W Enterprises LLC	Textile Product Mills	Term Loan	Prime plus 2.75%	2/24/2042	81.8	81.2	81.5	0.03 %
TMJ Pizza Mesa LLC dba Rosati's Pizza Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/24/2027	106.3	103.7	96.4	0.04 %
Victorian Restaurant and Tavern, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/22/2042	107.5	106.8	104.7	0.04 %
DER Services, LLC dba A.K.A. Sports	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	2/17/2042	40.0	39.8	41.8	0.02 %
Bike Slug, LLC, Bike Slug Holdings Inc. and Seven Rivers Group ,LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	2/17/2027	19.5	18.8	16.1	0.01 %
Ameritube, LLC and Ravone Properties, LLC	Primary Metal Manufacturing	Term Loan	Prime plus 2.75%	2/14/2042	185.0	183.8	193.4	0.08 %
R&S Barnes Enterprises, Inc. dba Massage Envy Spa	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/10/2027	93.8	90.5	78.2	0.03 %
Baton Rouge Cargo Services Inc. and 2808 Court Street, LLC	Truck Transportation	Term Loan	Prime plus 2.75%	2/10/2042	247.5	245.8	252.3	0.10 %
Sushiya Inc.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/10/2027	18.8	18.1	16.0	0.01 %
Select Propane & Fuel Inc. and Select Fuel & Convenience LLC	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	2/10/2030	1,250.0	1,222.6	1,121.1	0.44 %

Field: Page; Sequence: 28

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 20 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Maximo Canot dba Wash and Dry Laundrymat	Industry — Personal and Laundry Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 2/10/2042	137.5	136.7	140.7	0.06 %
Marvic Enterprises Inc dba Jordan's Liquor	Food and Beverage Stores	Term Loan	Prime plus 2.75%	2/10/2042	219.0	217.6	221.8	0.09 %
Harrison Logging Company LLC	Forestry and Logging	Term Loan	Prime plus 2.75%	2/9/2027	106.3	102.5	92.6	0.04 %
8 Minute Oil Change Auto Repair & Tire Center and Jumir L.L.C.	Repair and Maintenance	Term Loan	Prime plus 2.75%	2/7/2042	327.5	325.5	319.9	0.13 %
Christopher Borgia	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/6/2027	12.9	12.5	10.8	— %
Splashlight LLC, Splashlight Photographic & Digital Studios LLC	Management of Companies and Enterprises	Term Loan	Prime plus 2.75%	2/2/2027	750.0	723.8	641.9	0.25 %
DBMS Consulting, Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	2/1/2042	185.0	183.8	180.6	0.07 %
Brandco, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	1/31/2027	43.7	41.9	35.8	0.01 %
Chidlren's House Learning, Inc and Tarps Investment Group	Social Assistance	Term Loan	Prime plus 2.75%	1/31/2042	321.3	319.1	319.5	0.12 %
Grand Center Inn L.P. dba Grand Center Inn	Accommodation	Term Loan	Prime plus 2.75%	1/31/2027	15.0	14.4	14.6	0.01 %
AP6 LLC and Amishp LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/30/2042	127.5	107.8	113.4	0.04 %
Fave Realty, Inc.	Real Estate	Term Loan	Prime plus 2.75%	1/30/2042	54.5	54.1	54.8	0.02 %
ZMKNY Tires Inc dba Houston International Tires	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	1/27/2042	107.5	106.8	112.3	0.04 %
House of Bread & Coffee Corp dba Casa Do Pao	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/27/2042	176.0	135.7	131.9	0.05 %
SRC Publishing LLC	Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Term Loan	Prime plus 2.75%	1/27/2027	22.5	21.6	18.4	0.01 %
Return to Excellence Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	1/27/2027	17.7	17.0	17.2	0.01 %
Sideways Sports Lounge and Jonathan E. McGrew and Patricia C. McGrew	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/23/2027	18.0	17.3	14.7	0.01 %
Fox Valley Rentals & Investments LLC and Brian M Tomaszewski	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/20/2042	42.5	42.2	42.0	0.02 %
Rhone Wolf Vineyard LLC, Goldline Brands Inc. and Myka Cellars, Inc.	Beverage and Tobacco Product Manufacturing	Term Loan	Prime plus 2.75%	1/19/2030	250.4	243.4	224.5	0.09 %

Field: Page; Sequence: 29

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Field: Sequence; Type: Arabic; Name: PageNo 21 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Jolibe LLC and Jolibe Atelier LLC	Industry — Professional, Scientific, and Technical Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 1/18/2027	10.5	10.1	8.9	— %
Eickmann Management Group LLC dba Jimmy Johns of Dundee	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/17/2027	93.7	93.0	91.3	0.04 %
Ramjay Inc.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	1/13/2027	435.0	420.4	381.1	0.15 %
Fullbro Trust dba Menemsha Blues	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	1/13/2027	22.5	21.6	21.9	0.01 %
Echelon Enterprises, Inc	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	1/10/2027	50.0	48.0	48.6	0.02 %
Fort Smith Wings Inc. dba Wing Stop	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/28/2026	19.5	18.6	16.6	0.01 %
Sand Hill Associates, Ltd. dba Charlie O's Tavern on the Point	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/27/2041	419.9	417.1	412.2	0.16 %
Joshua L. Baker	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	12/23/2026	15.7	15.0	12.8	0.01 %
Jacliff Investments Inc. dba International health Technologies	Publishing Industries (except Internet)	Term Loan	Prime plus 2.75%	12/23/2026	125.0	119.1	101.6	0.04 %
New Image Building Services, Inc.dba The Maids Servicing Oakland	Administrative and Support Services	Term Loan	Prime plus 2.75%	12/21/2026	43.8	41.7	37.0	0.01 %
Chestnut Street Associates, LLC and Metropolitan Solutions, Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/19/2041	275.0	272.3	261.6	0.10 %
Means Enterprises LLC dba FastFrame Frisco	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	12/16/2026	22.5	21.4	18.6	0.01 %
Soon Im. Chin dba Stan C-Store	Gasoline Stations	Term Loan	Prime plus 2.75%	12/15/2041	212.5	210.4	217.6	0.09 %
Sempco, Inc.	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	12/15/2041	42.0	41.6	43.7	0.02 %
Allied Welding Inc.	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	12/15/2041	750.0	744.7	731.9	0.29 %
Ericon, Inc. dba Quik Pik	Gasoline Stations	Term Loan	Prime plus 2.75%	12/15/2041	332.2	329.5	328.3	0.13 %
White Hawk Inc.	Truck Transportation	Term Loan	Prime plus 2.75%	12/15/2026	1,097.7	1,047.7	893.6	0.35 %
Elita 7, LLC	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	12/15/2041	712.5	705.5	718.9	0.28 %
New Chicago Wholesale Bakery, Inc.	Food Manufacturing	Term Loan	Prime plus 2.75%	12/15/2041	452.7	448.3	442.6	0.17 %

Field: Page; Sequence: 30

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 22 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Techni-Pro Institute LLC	Industry — Educational Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 12/15/2026	190.0	181.0	159.2	0.06 %
Trison Enterprises Inc.dba Lee's Automotive	Repair and Maintenance	Term Loan	Prime plus 2.75%	12/14/2041	407.5	403.5	407.7	0.16 %
Cardinal Homes Inc. and Bret A Berneche	Wood Product Manufacturing	Term Loan	Prime plus 2.75%	12/14/2041	121.3	120.0	125.9	0.05 %
HMG Strategy, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/14/2026	50.0	47.6	40.6	0.02 %
D and E Hardware Co. and D and E Pump Sales and Service	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	12/14/2041	528.6	523.4	520.2	0.20 %
Cardinal Homes Inc,.Alouette Holdings Inc.	Wood Product Manufacturing	Term Loan	Prime plus 2.75%	12/14/2026	1,071.3	1,020.5	1,032.9	0.40 %
AGG Management Team LLC dba Chevron	Gasoline Stations	Term Loan	Prime plus 2.75%	12/14/2041	287.5	284.7	299.3	0.12 %
Wayfarer Bicycle LLC	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	12/13/2041	92.5	91.6	89.1	0.03 %
Success Advertising Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/13/2041	466.5	461.9	478.5	0.19 %
Roast Beef Levittown LLC dba Arby's	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/13/2026	465.0	447.7	453.1	0.18 %
Queen Express LLC	Gasoline Stations	Term Loan	Prime plus 2.75%	12/13/2041	187.5	185.6	192.5	0.08 %
Recycling Revolution,LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	12/9/2041	92.2	91.3	90.7	0.04 %
Myndshft Technologies LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/9/2026	775.0	738.3	657.7	0.26 %
Mack Team Enterprises Inc.dba The UPS Store #6815	Couriers and Messengers	Term Loan	Prime plus 2.75%	12/9/2026	20.4	19.4	17.4	0.01 %
^New Life Hospital LLC	Hospitals	Term Loan	Prime plus 2.75%	12/8/2041	1,195.5	1,184.9	1,245.8	0.49 %
Imagine By Carleen Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	12/8/2041	52.5	52.0	52.1	0.02 %
Hanson's Greeks LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/8/2026	11.3	10.7	10.8	— %
Yachting Solutions LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	12/7/2029	71.2	68.9	65.1	0.03 %
T and B Boots Inc dba Takken's Shoes	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	12/7/2026	100.0	95.7	89.5	0.04 %

Field: Page; Sequence: 31

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 23 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Lan Doctors, Inc.	Industry — Professional, Scientific, and Technical Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 12/7/2026	237.5	226.2	222.1	0.09 %
Lilo Holdings LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/5/2026	15.9	15.1	13.7	0.01 %
^The Lake Shore Hospitality Inc dba Dowagiac Baymont Inn & Suites	Accommodation	Term Loan	Prime plus 2.75%	12/5/2041	352.5	349.6	360.6	0.14 %
^Ericon, Inc.	Gasoline Stations	Term Loan	Prime plus 2.75%	12/1/2041	726.0	720.2	721.4	0.28 %
Noso Development LLC	Construction of Buildings	Term Loan	Prime plus 2.75%	12/1/2026	75.0	71.4	60.9	0.02 %
^Quick Ship, LLC	Couriers and Messengers	Term Loan	Prime plus 2.75%	11/30/2026	10.5	9.9	8.5	— %
^Pebble Wood Lane, LLC and Good Sam's Assisted Living Resiidence,LLC	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	11/30/2041	67.5	66.7	70.2	0.03 %
Sharaz Shah DBA Thomas Jewelers	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	11/30/2026	8.1	7.7	6.5	— %
Choe Trading Group, Inc.dba Rapid Printers of Monterey	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	11/30/2026	22.5	21.3	20.9	0.01 %
Studio Find It Georgia, Inc.	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	11/30/2026	7.5	7.1	6.2	— %
RD Management, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/30/2026	213.8	202.3	174.8	0.07 %
Imaginarium Foods LLC,	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/28/2042	376.7	370.5	376.2	0.15 %
B4 Fitness LLC dba The Zoo Health Club	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	11/30/2026	22.5	21.3	19.0	0.01 %
^Usman Jalil, LLC dba Food Mart	Gasoline Stations	Term Loan	Prime plus 2.75%	11/29/2041	233.2	230.7	223.6	0.09 %
Honor Mansion, Inc.	Accommodation	Term Loan	Prime plus 2.75%	11/29/2026	87.5	82.8	83.8	0.03 %
Access Staffing, LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	11/29/2026	1,125.0	1,064.6	908.0	0.36 %
Merchant Coterie, Inc.	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	11/23/2026	125.0	118.3	100.9	0.04 %
CRK Mens, LLC dba Spiff for Men	Personal and Laundry Services	Term Loan	Prime plus 2.75%	11/23/2026	106.3	100.7	87.8	0.03 %
WPN Recycling Company LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	11/23/2026	22.5	21.3	21.5	0.01 %

Field: Page; Sequence: 32

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 24 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — Hafa Adai Signs and Graphics LLC dba Fastsigns of Auburn -#281901	Industry — Administrative and Support Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 11/23/2026	60.0	56.8	49.1	0.02 %
Rognes Corp dba RTS	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	11/22/2026	389.2	366.9	335.5	0.13 %
Bouquet Restaurant LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/22/2041	125.0	123.6	124.6	0.05 %
^J.B.K Truck Trailer and Bus Inc	Repair and Maintenance	Term Loan	Prime plus 2.75%	11/22/2041	435.0	430.1	428.7	0.17 %
6E Technologies LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	11/22/2026	175.0	163.8	150.9	0.06 %
Broms Asset Management LLC	Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Term Loan	Prime plus 2.75%	11/22/2026	125.0	118.3	100.9	0.04 %
Skaggs RV Outlet LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	11/21/2026	100.0	94.6	95.8	0.04 %
Catherine Christine Morin dba Purr-Fect Pets	Personal and Laundry Services	Term Loan	Prime plus 2.75%	11/17/2026	18.7	17.7	15.1	0.01 %
Stratmar Systems Inc dba Stratmar Retail Services	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	11/16/2026	68.5	64.8	65.6	0.03 %
Hoosier Health Plus, LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	11/15/2026	125.0	118.3	111.4	0.04 %
^J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	11/10/2041	446.0	440.9	451.4	0.18 %
Hackensack Steel Corporation and Luzerne Ironworks Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	11/10/2026	239.2	226.3	228.9	0.09 %
^Panther Ironworks and Rigging Solutions LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	11/10/2026	151.3	143.1	131.2	0.05 %
^J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	11/10/2026	188.7	178.6	176.9	0.07 %
MIK LLC dba Firehouse Subs	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/9/2026	200.0	192.9	166.8	0.07 %
^Rich's Food Stores LLC dba Hwy 55 of Wallace	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/9/2026	43.7	41.4	38.6	0.02 %
^Dyer Properties, LLC	Health and Personal Care Stores	Term Loan	Prime plus 2.75%	11/9/2041	240.3	237.5	234.5	0.09 %
^Big Apple Entertainment Partners LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	11/9/2026	175.0	165.6	141.2	0.06 %

Field: Page; Sequence: 33

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 25 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Bovill Creative,LLC	Industry — Real Estate	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 11/9/2041	281.2	278.2	292.5	0.11 %
Surgarloaf Concepts LLC dba Fat Biscuit	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/8/2026	168.8	165.0	167.0	0.07 %
^Fine Line Interiors, Inc.	Repair and Maintenance	Term Loan	Prime plus 2.75%	11/4/2041	87.5	82.4	86.7	0.03 %
131 Miles LLC and Ohm Shubh Laxmi, LLC. dba Mr Hero	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/3/2041	127.5	125.1	127.8	0.05 %
^Veracruz Shabo, LLC; Waterfalls Quick Lube LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	11/1/2041	118.7	117.9	120.3	0.05 %
Glocecol LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	11/1/2026	75.0	70.9	71.8	0.03 %
Middlesex Auto Sales Corp	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	10/31/2041	125.0	123.5	126.3	0.05 %
^Moolchan Enterprises LLC dba Staying Green	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	10/31/2026	18.1	17.1	16.1	0.01 %
^Bloomquist Communications Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	10/31/2026	60.0	56.4	48.1	0.02 %
^Woodstock Enterprises Corp dba True Scent Candle Co.	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	10/31/2041	88.8	87.7	85.4	0.03 %
^Patina Investment, Inc and Ram & Sons, Inc.	Repair and Maintenance	Term Loan	Prime plus 2.75%	10/27/2041	175.0	172.8	181.6	0.07 %
Elite Structures Inc	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	10/27/2029	225.0	218.3	212.7	0.08 %
^FibAire Communications, LLC	Telecommunications	Term Loan	Prime plus 2.75%	10/27/2026	107.5	101.0	92.7	0.04 %
^Bonita Stone LLC and Castone Creations Inc	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	10/25/2041	264.4	261.0	259.9	0.10 %
^Empire Processor Services Inc. and Verrazano Wholesale Dist., Inc.	Nonstore Retailers	Term Loan	Prime plus 2.75%	10/25/2026	131.2	123.4	124.9	0.05 %
Blakeslee Arpaia Chapman Inc and Chapman Construction Services LLC	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	10/24/2026	425.0	399.5	398.7	0.16 %
Eco Vehicle Systems LLC	Transportation Equipment Manufacturing	Term Loan	Prime plus 2.75%	10/21/2026	955.5	898.9	900.9	0.35 %
Worldwide Estate, Inc. dba Washington Heights Manor	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	10/21/2041	225.0	221.7	233.1	0.09 %
^Gold Wind Logistics LLC	Truck Transportation	Term Loan	Prime plus 2.75%	10/20/2041	175.0	173.4	182.3	0.07 %
^Speaker City, Inc. dba Rollin Thunder	Electronics and Appliance Stores	Term Loan	Prime plus 2.75%	10/14/2041	125.0	123.4	125.6	0.05 %

Field: Page; Sequence: 34

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 26 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Maine Service Corp	Industry — Merchant Wholesalers, Durable Goods	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 10/13/2026	206.3	192.5	180.6	0.07 %
^Justin Partlow	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	10/13/2026	19.5	18.3	15.6	0.01 %
^Reliable Recovery Services LLC	Support Activities for Transportation	Term Loan	Prime plus 2.75%	10/7/2026	112.5	105.7	96.3	0.04 %
^Ailky Corporation	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	10/3/2026	250.0	235.0	206.0	0.08 %
^Wyspen Corporation dba Charlestown Ace	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	10/3/2026	36.0	33.8	28.9	0.01 %
^MegaPhase, LLC	Computer and Electronic Product Manufacturing	Term Loan	Prime plus 2.75%	9/30/2026	150.0	139.9	135.1	0.05 %
^Seaway LLC and Reklaw LLC dba Allure Lounge	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/30/2041	137.5	135.4	142.3	0.06 %
^JJA Transportation Management Inc.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	9/30/2026	52.5	49.0	41.7	0.02 %
^Adelwerth Bus Corp.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	9/30/2041	242.8	239.3	237.0	0.09 %
Adelwerth Bus Corporation, Transportation Leasing Corp.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	9/30/2029	654.0	624.3	601.6	0.24 %
Vision Automotive LLC dba Vision Chrysler Jeep Dodge Ram of Defiance	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	9/29/2029	671.5	640.3	600.1	0.23 %
^Las Casuelas Del Este Inc.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/29/2041	800.0	791.6	814.7	0.32 %
^Thunderdome Racing Inc.	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/29/2026	19.0	17.8	17.6	0.01 %
^Graphics,Type and Color Enterprises Inc dba Clubflyers.com and GTC Med	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	9/28/2041	850.0	836.9	879.5	0.34 %
^Paragon Global, LLC and Paragon Fabricators Inc and Paragon Field Services	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	9/28/2041	405.8	400.1	382.5	0.15 %
^Beadon Inc	Food and Beverage Stores	Term Loan	Prime plus 2.75%	9/28/2026	22.5	21.0	21.0	0.01 %
^CNC Precision Machine, Inc.	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	9/28/2041	1,250.0	1,235.9	1,236.2	0.48 %
^CD Game Exchange Inc.	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	9/28/2026	22.5	21.0	17.9	0.01 %
Paragon Fabricators Inc, Paragon Field Services, Inc and Paragon Global	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	9/28/2026	648.0	608.3	559.8	0.22 %

Field: Page; Sequence: 35

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 27 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Kyle M Walker DDS,PC	Industry — Ambulatory Health Care Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 9/27/2026	217.8	204.7	180.1	0.07 %
Reynolds Fence & Guardrail Inc.	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	9/27/2026	629.6	587.1	560.5	0.22 %
^Luna Nueva LLC dba Bio Builders	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	9/27/2026	15.0	14.0	12.4	— %
^Luv 2 Play Nor Cal, LLC dba Luv 2 Play	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/27/2026	52.5	49.0	43.8	0.02 %
^Sarah S Olelewe MD Inc	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	9/26/2041	292.4	288.5	289.4	0.11 %
^TPFC,LLC dbaThe Picture Frame Company	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	9/26/2041	58.8	57.9	58.1	0.02 %
^Ridge Road Equestrian LLC dba Ricochet Ridge Ranch	Support Activities for Agriculture and Forestry	Term Loan	Prime plus 2.75%	9/26/2026	9.0	8.4	8.3	— %
^PeopleBest Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	9/26/2026	15.0	14.0	11.9	— %
^Mr. Mulch, Inc	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	9/23/2041	405.7	399.5	375.3	0.15 %
^B4 Fitness LLC dba The Zoo Health Club	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/23/2026	87.5	81.6	72.7	0.03 %
^InformationTelevision Network Inc	Motion Picture and Sound Recording Industries	Term Loan	Prime plus 2.75%	9/22/2041	836.8	825.5	858.5	0.34 %
^GRA Financial Services Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/22/2026	12.0	11.2	9.5	— %
^Wrecking Crew Media LLC	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	9/21/2026	50.0	46.6	39.7	0.02 %
^Cuppiecakes LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/21/2041	22.5	22.2	22.2	0.01 %
^Benoit's Towing and Recovery LLC	Support Activities for Transportation	Term Loan	Prime plus 2.75%	9/20/2026	12.0	11.2	9.7	— %
^Consulting Solutions Inc. and Mark Luciani	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/20/2026	22.5	21.0	19.8	0.01 %
^Brittany Burns LLC dba Dreams Come True	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/19/2026	12.9	12.0	12.2	— %
^Eyncon LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/16/2041	50.0	49.2	49.9	0.02 %

Field: Page; Sequence: 36

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 28 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Tresa S.Parris dba Wagging Tails Grooming	Industry — Personal and Laundry Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 9/16/2026	8.0	7.6	6.5	— %
^The Merrin Group LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/15/2026	175.0	163.2	157.0	0.06 %
^Rich's Food Stores LLC dba Hwy 55 of Wallace	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/14/2026	145.5	135.9	126.7	0.05 %
^Atlantic Alarm Systems and Services LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	9/14/2026	15.4	14.4	12.7	— %
^Metropet Dog Center, Inc	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/13/2041	109.2	107.6	109.3	0.04 %
^Marquis Cattle Company	Animal Production and Aquaculture	Term Loan	Prime plus 2.75%	9/13/2026	50.0	47.1	47.6	0.02 %
^Bingham Enterprises, Inc and Full Belli Deli and Sausage Company	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/12/2041	82.5	81.2	79.6	0.03 %
^Artisan Infrastructure Holdings, LLC	Data Processing, Hosting, and Related Services	Term Loan	Prime plus 2.75%	9/7/2026	125.0	116.6	99.3	0.04 %
^SRA Mechanicial Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	9/6/2041	43.8	43.1	45.1	0.02 %
^Sandia Enterprises Inc dba Massage Envy Spa	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/6/2026	62.5	58.3	49.7	0.02 %
^Animal Intrusion Prevention Systems Holding Company, LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	8/30/2026	125.0	115.9	101.5	0.04 %
^Suncrest Stone Products LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	8/29/2026	586.7	543.4	487.2	0.19 %
^Suncrest Stone Products LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	8/29/2041	649.6	638.7	595.9	0.23 %
^Clark Realty LLC	Real Estate	Term Loan	Prime plus 2.75%	8/29/2041	237.5	233.5	224.8	0.09 %
^Raem Corporation dba Dryclean Express	Personal and Laundry Services	Term Loan	Prime plus 2.75%	8/29/2041	72.5	71.3	74.0	0.03 %
^Warren Dale Warrington dba Custom Paint and Body	Repair and Maintenance	Term Loan	Prime plus 2.75%	8/26/2041	101.2	99.5	101.8	0.04 %
^TAGR Inc dba Miami Grill 137and John Nakis	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/26/2026	106.8	98.9	86.6	0.03 %
^Albert Basse Associates Inc	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	8/25/2026	62.5	57.9	58.4	0.02 %
^Avery Management Inc. dba Whetstone Upholstery	Repair and Maintenance	Term Loan	Prime plus 2.75%	8/25/2026	10.6	9.9	8.4	— %
^Dean Technology Inc	Electrical Equipment, Appliance, and Component Manufacturing	Term Loan	Prime plus 2.75%	8/25/2041	387.1	380.6	397.1	0.16 %

Field: Page; Sequence: 37

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 29 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Rosmel Pools Inc	Industry — Repair and Maintenance	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 8/25/2026	22.5	20.8	18.2	0.01 %
^Tabadesa Associates Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	8/25/2026	22.5	20.8	17.8	0.01 %
^TR Companies LLC dba True Value Rental and Liberty Rental 4 U	Rental and Leasing Services	Term Loan	Prime plus 2.75%	8/25/2026	90.0	83.4	71.1	0.03 %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	12/24/2041	500.0	492.0	513.3	0.20 %
^Tim's Tire & Automotive Center, LLC	Support Activities for Transportation	Term Loan	Prime plus 2.75%	8/16/2026	816.6	768.3	697.1	0.27 %
^Luv 2 Play Temecula, LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	8/15/2026	60.0	55.6	47.4	0.02 %
Bear Creek Entertainment LLC dba The Woods at Bear Creek	Accommodation	Term Loan	Prime plus 2.75%	8/12/2041	437.5	390.8	387.5	0.15 %
^2 Cool Beans LLC dba Menchies's Frozen Yogurt	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/11/2026	82.5	76.4	65.1	0.03 %
^Grayson O Company	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	8/10/2041	625.0	614.5	641.0	0.25 %
^Charal Investments LLC dba Orange Theory Fitness	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	8/10/2026	87.5	81.0	69.1	0.03 %
^PCNKC Inc dba Plato's Closet	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	8/10/2026	18.7	3.0	2.9	— %
^Paul Belanger dba Paul Belanger Landscaping	Administrative and Support Services	Term Loan	Prime plus 2.75%	8/9/2026	15.0	13.9	11.8	— %
^Nicolette Reiser dba Comfort & Balance	Personal and Laundry Services	Term Loan	Prime plus 2.75%	7/29/2041	75.0	73.6	75.2	0.03 %
^USA General Investment LLC dba Braniff Paint and Body Shop	Repair and Maintenance	Term Loan	Prime plus 2.75%	7/29/2026	22.5	20.7	18.2	0.01 %
^The Hungry Rhino LLC	Real Estate	Term Loan	Prime plus 2.75%	7/29/2041	76.2	74.9	74.9	0.03 %
^303 Tower Drive LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	7/29/2041	400.3	392.9	404.0	0.16 %
^Little Tree Huggers Child Care LLC	Social Assistance	Term Loan	Prime plus 2.75%	7/29/2041	140.0	137.4	144.2	0.06 %
^676 Club LP dba The Green Door Tavern/The Drifter	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/28/2041	670.0	657.7	682.3	0.27 %
^KJCKD Inc dba Camelot Print & Copy Centers/Copy A Second	Administrative and Support Services	Term Loan	Prime plus 2.75%	7/28/2041	587.0	576.2	579.4	0.23 %

Field: Page; Sequence: 38

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 30 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Big Apple Entertainment Partners LLC dba Ripley's Believe It or Not	Industry — Amusement, Gambling, and Recreation Industries	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 7/28/2026	300.0	275.9	235.1	0.09 %
^MacIver Corporation dba Division Camera	Rental and Leasing Services	Term Loan	Prime plus 2.75%	7/28/2026	1,250.0	1,149.6	1,086.0	0.42 %
^J And G Group Services LLC and United Vending of Florida Inc.	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	7/28/2026	31.5	29.6	26.5	0.01 %
^Intrepid Trinity LLC	Nonstore Retailers	Term Loan	Prime plus 2.75%	7/28/2041	62.5	61.4	62.5	0.02 %
^Apple Tree NC Inc dba Williams Farm & Garden Center	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	7/28/2041	337.0	330.8	327.9	0.13 %
^Kidtastic LLC dba The Little Gym of Audubon	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	7/27/2026	53.8	52.2	44.5	0.02 %
^GF Libations Inc dba Minuteman Press	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	7/27/2041	40.5	38.8	34.6	0.01 %
^EPEC Juice LLC dba Jamba Juice	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/27/2026	82.5	76.8	65.5	0.03 %
^Pinco Pizza LLC dba Jet's Pizza	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/27/2026	72.9	68.0	67.2	0.03 %
^Peckett's Inc	Crop Production	Term Loan	Prime plus 2.75%	7/27/2041	225.0	219.6	230.7	0.09 %
^JAG Unit 1, LLC dba Arooga's Grille House and Sports Bar	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/27/2026	125.0	115.0	98.0	0.04 %
^The Grasso Companies, LLC and Grasso Pavement Maintenance, LLC	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	7/26/2026	91.0	83.6	76.4	0.03 %
^Gino Italian American Deli and Meat Market Inc	Food and Beverage Stores	Term Loan	Prime plus 2.75%	7/25/2041	536.8	530.2	527.9	0.21 %
^My Sainath Inc dba Motel 6	Accommodation	Term Loan	Prime plus 2.75%	7/22/2041	305.4	299.8	309.1	0.12 %
^Robert G Larson State Farm Insurance	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	7/22/2026	22.5	20.7	17.6	0.01 %
^J and D Resources LLC dba Aqua Science	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	7/19/2026	130.5	120.0	103.4	0.04 %
^Robert P Daniels dba Ginger and Friend's Peppermint Village Gift Shop	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	7/18/2026	15.8	14.5	12.3	— %
Franklin Firm LLC dba Luv 2 Play	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	7/15/2041	173.3	170.6	171.7	0.07 %
^Billingsworks LLC dba Spoon Shine Cafe	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/15/2026	9.7	8.9	9.0	— %

Field: Page; Sequence: 39

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 31 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Be Beautiful LLC	Industry — Personal and Laundry Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 7/14/2041	66.5	65.3	67.3	0.03 %
^Takeuchi Commercial Cleaning Services, LLC dba We Clean San Diego	Administrative and Support Services	Term Loan	Prime plus 2.75%	7/13/2026	46.2	42.5	36.2	0.01 %
^Jacob Rugs LLC dba Rugs Outlet	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	7/13/2026	65.6	60.4	61.0	0.02 %
^RM Hawkins LLC dba Pure Water Tech West	Nonstore Retailers	Term Loan	Prime plus 2.75%	7/7/2026	50.0	46.0	44.2	0.02 %
^Dino Smiles Children's Cosmetic Dentistry	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	7/7/2026	14.3	13.1	11.5	— %
Nevey's LLC dba Stark Food III	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/30/2041	293.9	289.1	299.1	0.12 %
^Soregard Inc	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	6/30/2041	278.8	273.2	262.0	0.10 %
^P L H Pharmaco Inc dba Farmacia San Jose	Health and Personal Care Stores	Term Loan	Prime plus 2.75%	6/30/2026	175.0	159.8	158.4	0.06 %
^Martin Inventory Management LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	6/30/2026	105.8	96.6	97.6	0.04 %
^Desert Tacos LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/30/2026	98.8	92.6	87.3	0.03 %
^VMA Technologies LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/30/2026	22.5	20.5	17.5	0.01 %
^Corning Lumber Company Inc and Frank R Close and Son Inc	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	6/30/2029	195.5	183.8	187.5	0.07 %
^Castone Creations Inc	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	6/29/2026	87.5	79.9	71.3	0.03 %
^WGI, LLC dba Williams Grant Inn	Accommodation	Term Loan	Prime plus 2.75%	6/29/2041	131.2	128.6	129.5	0.05 %
^KWG Industries, LLC dba Peterson & Marsh Metal Industries	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	6/29/2041	304.5	299.0	305.7	0.12 %
^O.D.S. Inc dba Four Seasons Health & Racquet and Step 'N' Motion, Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	6/29/2026	140.0	127.8	112.0	0.04 %
^Ninsa LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/29/2041	112.5	110.3	115.8	0.05 %
^E & P Holdings 1 LLC and Evans & Paul LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	6/28/2026	125.0	114.3	101.0	0.04 %
^MaidPro Marin dba MaidPro	Administrative and Support Services	Term Loan	Prime plus 2.75%	6/28/2026	17.6	16.0	13.6	0.01 %

Field: Page; Sequence: 40

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 32 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^All Printing Solutions, Inc. dba Pryntcomm	Industry — Printing and Related Support Activities	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/27/2041	545.6	535.4	517.5	0.20 %
^Edge Pest Control LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	6/27/2026	750.0	684.9	583.2	0.23 %
^Jumbomarkets Inc dba Rines Jumbomarkets	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/24/2026	50.0	45.7	38.9	0.02 %
^El Basha Inc dba RPM West San Fernando Valley	Real Estate	Term Loan	Prime plus 2.75%	6/24/2026	22.5	17.8	15.1	0.01 %
^Island Time Investments, LLC dba Swantown Inn Bed & Breakfast	Accommodation	Term Loan	Prime plus 2.75%	6/24/2041	101.2	99.2	104.2	0.04 %
^Yellow Cab Company of Kissimmee Inc	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	6/24/2041	56.8	55.7	53.5	0.02 %
Shooting Sports Academy LLC and Jetaa LLC dba Shooting Sports Academy	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	6/23/2041	494.8	488.4	478.5	0.19 %
^Visual Advantage LLC dba Signs Now Perryberg	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/23/2041	91.2	89.4	89.2	0.03 %
^Long Island Comedy LLC dba Governors and New York Comedy, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/23/2041	187.5	183.8	185.5	0.07 %
^SNS of Central Alabama, LLC dba Steak N Shake dba Steak N Shake	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/21/2026	57.5	52.5	47.9	0.02 %
^Evergreen Investment & Property Management LLC ,Universal Kidney Center	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	6/20/2041	1,250.0	1,229.1	1,269.8	0.50 %
^Italian Heritage Tile and Stone Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/20/2026	62.5	57.1	48.6	0.02 %
^Bagelicious, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/17/2026	54.5	49.8	42.7	0.02 %
^T and B Boots Inc dba Takken's Shoes	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	6/17/2026	225.0	206.1	208.3	0.08 %
^NKJ Lusby Donuts LLC	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/16/2026	22.5	20.5	17.5	0.01 %
^Winegirl Wines LLC	Beverage and Tobacco Product Manufacturing	Term Loan	Prime plus 2.75%	6/16/2026	11.3	10.3	10.4	— %
^Blue Eagle Transport Inc, Greeneagle Transport Inc and Golden Eagle Transport	Couriers and Messengers	Term Loan	Prime plus 2.75%	6/16/2026	583.0	524.9	447.0	0.17 %
^Jai-Alexia Consulting, Inc.	Couriers and Messengers	Term Loan	Prime plus 2.75%	6/15/2026	11.8	10.8	9.2	— %
^Pumpkin Patch Child Care of Southington, LLC and Giuseppe Pugliares	Social Assistance	Term Loan	Prime plus 2%	6/15/2041	515.2	503.9	487.6	0.19 %

Field: Page; Sequence: 41

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 33 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Strag Industries LLC dba Meineke Car Care Center 841	Industry — Repair and Maintenance	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/15/2026	15.0	13.7	12.7	— %
^Luv 2 Play AZ LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	6/10/2026	62.5	57.1	56.0	0.02 %
^Refoleen Inc dba Spice and Tea Exchange	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/10/2026	85.0	79.1	67.3	0.03 %
^VBGB Uptown, LLC dba VBGB Beer Hall & Garden	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/8/2026	84.0	76.7	65.3	0.03 %
^ScimTech Industries Inc dba Archer Aerospace	Computer and Electronic Product Manufacturing	Term Loan	Prime plus 2.75%	6/6/2026	12.0	11.0	9.3	— %
^Larry H. Patterson and Rainbow Movers, Inc	Truck Transportation	Term Loan	Prime plus 2.75%	6/6/2026	22.5	20.5	17.6	0.01 %
^Solvit Inc and Solvit North Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/3/2026	250.0	229.5	206.0	0.08 %
^AP5 LLC dba Krauser's Food Store	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/2/2041	242.5	237.7	240.5	0.09 %
^ATI Jet Inc	Air Transportation	Term Loan	Prime plus 2.75%	5/31/2026	518.8	470.4	421.1	0.16 %
^Farmer Boy Diner Inc dba Farmer Boy Diner & Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/31/2026	50.0	45.3	45.8	0.02 %
Angelo Faia dba AVF Construction	Construction of Buildings	Term Loan	Prime plus 2.75%	5/27/2041	100.0	97.4	97.8	0.04 %
^Premier Athletic Center of Ohio, Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	5/27/2026	87.5	79.3	80.2	0.03 %
^Mersada Holdings LLC	Nonstore Retailers	Term Loan	Prime plus 2.75%	5/26/2026	337.5	306.0	309.3	0.12 %
^Jack Frost Firewood Inc. and David Dubinsky	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	5/26/2041	206.2	201.8	201.3	0.08 %
^Southwest Division Inc	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	5/26/2026	8.3	7.5	6.8	— %
^PennyLion LLC dba Creamistry	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/25/2026	81.0	74.4	65.3	0.03 %
^International Kitchen Supply LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	5/25/2026	186.7	169.3	152.9	0.06 %
^Groth Lumber Co. Inc. dba True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	5/25/2026	22.5	20.4	20.6	0.01 %
^Island Life Graphics Inc dba FASTSIGNS #576	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	5/24/2026	22.5	20.4	17.7	0.01 %

Field: Page; Sequence: 42

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 34 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Powerspec Inc	Industry — Professional, Scientific, and Technical Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 5/24/2026	87.5	79.4	67.6	0.03 %
^Horseshoe Barbecue, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/23/2029	15.0	12.8	13.1	0.01 %
^Elderfriend Inc dba Granny Nannies dba GN Live Scan	Social Assistance	Term Loan	Prime plus 2.75%	5/20/2026	12.7	11.6	9.8	— %
^National Air Cargo Holdings Inc	Air Transportation	Term Loan	Prime plus 2.75%	5/20/2026	1,250.0	1,133.4	1,123.0	0.44 %
^Pro Auto Repair LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/20/2026	7.5	6.7	6.6	— %
^HBA LLC dba Palmetto Twist-Vista	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/18/2026	22.5	17.7	15.5	0.01 %
^J&A Laundromat Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	5/18/2026	67.5	61.2	53.7	0.02 %
^Dedicated Incorporated	Administrative and Support Services	Term Loan	Prime plus 2.75%	5/18/2041	46.5	45.5	46.2	0.02 %
^J Harris Trucking, LLC	Truck Transportation	Term Loan	Prime plus 2.75%	5/13/2026	60.0	39.2	35.7	0.01 %
^FJN Catering Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/13/2041	262.5	257.3	268.3	0.10 %
^LED Lighting Enterprises LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	5/13/2026	22.5	20.4	17.9	0.01 %
^Studio Find It Georgia Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	5/13/2026	22.5	20.4	18.0	0.01 %
^Luv 2 Play OC Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	5/12/2026	62.5	60.8	51.8	0.02 %
^Pumpkin Patch Inc and Christine Feliciano and Antonio Feliciano	Social Assistance	Term Loan	Prime plus 2.75%	5/12/2041	132.5	129.7	129.9	0.05 %
^The Delon Group LLC dba I Love Juice Bar	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/12/2026	55.0	19.8	16.9	0.01 %
^Sabir Inc. dba Bear Diner	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/11/2041	123.8	121.3	124.8	0.05 %
^Gator D'Lites LLC dba D'Lites Emporium	Food and Beverage Stores	Term Loan	Prime plus 2.75%	5/5/2026	22.5	20.4	17.4	0.01 %
^Warner Home Comfort, LLC dba Smith Piping	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	4/29/2041	82.5	80.6	80.9	0.03 %
^Keller, Fishback & Jackson LLP	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	4/29/2026	131.7	117.6	118.9	0.05 %

Field: Page; Sequence: 43

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 35 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Marc S. Rosenberg P.C. dba Mammuth and Rosenberg	Industry — Professional, Scientific, and Technical Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 4/29/2026	22.5	20.3	17.2	0.01 %
^Euro Car Miami LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	4/29/2026	62.5	56.3	56.9	0.02 %
^Hard Exercise Works Winter Park LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/29/2026	40.8	36.7	31.2	0.01 %
^Loriet LLC	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	4/29/2026	7.5	6.8	5.8	— %
^La Nopalera Mexicano 2, Inc.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	4/29/2026	125.5	84.7	85.6	0.03 %
^May-Craft Fiberglass Products Inc	Transportation Equipment Manufacturing	Term Loan	Prime plus 2.75%	4/29/2041	247.5	241.8	254.0	0.10 %
^Alpha Omega Trucking LLC	Truck Transportation	Term Loan	Prime plus 2.75%	4/29/2041	175.7	171.9	180.6	0.07 %
^Empowerschool LLC and Empower Autism Academy, LLC	Social Assistance	Term Loan	Prime plus 2.75%	4/29/2041	151.9	148.4	155.9	0.06 %
^Scoler LLC dba Gold's Gym	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/29/2026	262.5	236.3	211.8	0.08 %
^Inner Beauty Salon and Suite LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	4/28/2041	65.0	63.5	66.1	0.03 %
^Atlantic Restaurant Associates LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/28/2041	262.5	256.5	264.4	0.10 %
^Costume World Inc	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	4/28/2041	1,250.0	1,225.3	1,287.0	0.50 %
^Pecos Inn LLC dba Econo Lodge	Accommodation	Term Loan	Prime plus 2.75%	4/28/2041	677.5	659.9	679.8	0.27 %
^North American Manufacturing Company	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	4/28/2026	160.0	144.0	145.6	0.06 %
^Shepherd Appraisal Services LLC dba Property Damage Appraisers of Oklahoma	Real Estate	Term Loan	Prime plus 2.75%	4/28/2026	9.0	8.1	6.9	— %
^Knowledge First Inc dba Magic Years of Learning	Social Assistance	Term Loan	Prime plus 2.75%	4/27/2026	80.0	72.1	68.7	0.03 %
^Green Country Filter Manufacturing LLC	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	4/27/2026	84.2	76.6	67.1	0.03 %
^Accent Comfort Services, LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	4/26/2026	90.0	81.0	69.0	0.03 %
^Homecare Casa Rhoda 123 Inc	Ambulatory Health Care Services	Term Loan	Prime plus 2%	4/26/2041	675.0	657.8	645.8	0.25 %

Field: Page; Sequence: 44

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 36 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Automotive Core Recycling, LLC and 828 Old Colony Road, LLC	Industry — Merchant Wholesalers, Durable Goods	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 4/22/2041	250.0	244.3	235.7	0.09 %
^McIntosh Trail Management Services Organization Inc	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	4/22/2041	425.0	415.3	436.2	0.17 %
^Jande Graphics LLC dba FastSigns #103201	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	4/21/2026	56.0	50.4	42.9	0.02 %
^AAA Mill Direct, Inc. dba Carpet Mill Outlets	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	4/21/2026	7.9	7.1	7.2	— %
^Miguel Fernando Borda, P.A. dba BGR Dental	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	4/15/2026	22.5	20.3	17.9	0.01 %
^LE & JS dba Laredo Mercado Y Carniceria	Food and Beverage Stores	Term Loan	Prime plus 2.75%	4/13/2026	19.9	18.5	15.8	0.01 %
^Sushiya Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	4/12/2026	87.5	78.8	70.1	0.03 %
^Sierra Foothill Cremation & Funeral Service, Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	4/7/2026	53.0	47.8	40.7	0.02 %
^Waterfalls Quick Lube LLC and Veracruz Shabo LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	4/6/2041	271.3	268.2	274.0	0.11 %
^KNS Early Learning Academy LLC	Social Assistance	Term Loan	Prime plus 2.75%	4/6/2041	51.0	49.9	49.7	0.02 %
^Vehicle Safety Supply LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	3/31/2026	22.5	20.1	18.4	0.01 %
^Men of Steel Enterprises LLC and Vogelbacher Properties LLC	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	3/31/2041	393.5	383.9	384.3	0.15 %
^Gill Express Inc and Blue Speed LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/31/2041	518.0	505.4	524.2	0.21 %
^Dana A. Farley dba Independent Cabinets	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	3/31/2041	67.5	65.9	70.2	0.03 %
^Christian Soderquist dba Soderquist Plumbing and Heating LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/31/2041	56.8	55.4	59.0	0.02 %
^Duke's Cleaners Inc	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/31/2026	47.0	42.0	40.7	0.02 %
^Cameo Carter, MD A Professional Corporation dba The Garden Pediatric Group	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	3/31/2026	75.0	67.0	61.4	0.02 %
^Farhad Brothers LLC dba Lulu's Pizzeria & Family Restaurant and Marvin	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/31/2026	66.8	56.0	51.3	0.02 %
^Gordon Rogers and Heidi Rogers dba Stone House Motor Inn	Accommodation	Term Loan	Prime plus 2.75%	3/30/2026	22.5	20.4	20.8	0.01 %
^MTS Car Service LLC	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	3/30/2026	10.5	9.4	8.6	— %

Field: Page; Sequence: 45

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 37 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^NOSO Development, LLC	Industry — Construction of Buildings	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/30/2026	187.5	167.5	153.5	0.06 %
^Wyldewood Cellars, Inc.	Beverage and Tobacco Product Manufacturing	Term Loan	Prime plus 2.75%	3/30/2041	986.7	974.2	987.2	0.39 %
^Tom Sawyer Country Restaurant LLC and AM 3208 LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/30/2041	257.5	252.0	266.1	0.10 %
^Beale Street Blues Company-West Palm Beach, LLC	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	3/30/2026	93.7	83.8	78.2	0.03 %
^Barrocas Gym LLC dba Snap Fitness	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/29/2026	22.5	17.8	17.2	0.01 %
^Lust for Life Footwear, LLC	Leather and Allied Product Manufacturing	Term Loan	Prime plus 2.75%	3/29/2026	375.0	335.1	307.0	0.12 %
^Vinmar Inc. dba Locanda Portofino	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/29/2026	81.3	72.6	66.5	0.03 %
^Atlantis of Daytona LLC and Pierre Mamane and Eva Mamane	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2%	3/29/2041	525.0	495.2	500.5	0.20 %
^Marathon Engineering Corporation	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	3/28/2041	45.0	43.9	46.1	0.02 %
^ReNew Interior Surface Cleaning LLC dba Randy's Carpet Care and Upholstry	Administrative and Support Services	Term Loan	Prime plus 2.75%	3/28/2026	12.4	11.1	11.2	— %
^PHCDC1 LLC dba Quarter + Glory and Public House Collective, Corp.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/28/2026	50.0	44.7	42.5	0.02 %
^Revolution Physical Therapy LLC dba Apex Network Physical Therapy	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	3/25/2026	22.5	20.4	19.0	0.01 %
^RCB Enterprises, Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	3/25/2026	56.3	50.3	46.1	0.02 %
^Excel RP Inc	Machinery Manufacturing	Term Loan	Prime plus 2.75%	3/25/2026	125.0	111.7	106.7	0.04 %
^ActKnowledge, Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/24/2026	125.0	111.7	113.9	0.04 %
^International Construction Inc	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	3/24/2041	50.0	48.9	50.4	0.02 %
^Lowgap Grocery & Grill LLC	General Merchandise Stores	Term Loan	Prime plus 2.75%	3/24/2041	167.5	163.4	174.2	0.07 %
^Flooring Liquidators Inc and Premier Flooring Yonkers Inc and Flooring	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/24/2026	50.0	44.8	45.0	0.02 %
^Acton Hardware LLC and Mark Allgood & Jamie Allgood	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	3/24/2041	498.6	486.8	496.1	0.19 %

Field: Page; Sequence: 46

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 38 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Magnation Corporation and Misha Family Trust	Industry — Merchant Wholesalers, Durable Goods	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/22/2041	101.3	99.1	105.6	0.04 %
^growth.period LLC and Potomac Recruiting LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/21/2026	156.3	139.6	127.9	0.05 %
^Precious Care LLC and Precious Care Management LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	3/21/2026	557.5	498.9	459.2	0.18 %
^Media Capital Partners, Inc	Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Term Loan	Prime plus 2.75%	3/21/2026	22.5	20.5	18.8	0.01 %
^Taylors Zinn Enterprises Inc dba Eons Auto Care Inc	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/18/2041	80.7	78.8	83.5	0.03 %
^ERT Group Inc and Curt's Tools Inspection Inc	Support Activities for Mining	Term Loan	Prime plus 2.75%	3/18/2041	1,250.0	1,229.9	1,272.0	0.50 %
^Kekoa Enterprises Inc dba Signarama Sandy	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/18/2026	49.5	44.2	40.5	0.02 %
^Mariam Diner Inc dba Country Kitchen Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/18/2026	52.5	46.9	43.0	0.02 %
^Brian T Rice dba BD Logging	Forestry and Logging	Term Loan	Prime plus 2.75%	3/17/2026	15.8	14.1	13.5	0.01 %
^Auto and Property Insurance Solutions	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	3/16/2026	16.4	14.5	13.2	0.01 %
^Demand Printing Solutions Inc.	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	3/16/2026	21.8	19.4	19.2	0.01 %
^LAN Doctors Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/16/2026	55.0	49.2	50.2	0.02 %
^Evergreen Pallet LLC and Evergreen Recycle LLC	Wood Product Manufacturing	Term Loan	Prime plus 2.75%	3/16/2026	1,039.2	931.4	886.2	0.35 %
^K Soles Corp dba Max Collections	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	3/16/2026	22.5	20.1	18.4	0.01 %
^R & D Enterprises Inc dba My Pool Man	Administrative and Support Services	Term Loan	Prime plus 2.75%	3/15/2026	50.0	44.7	40.9	0.02 %
^Mustafa Inc and Raouf Properties LLC	Food and Beverage Stores	Term Loan	Prime plus 2.75%	3/14/2041	75.0	73.2	77.4	0.03 %
^HEWZ, LLC dba Hard Exercise Works	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/14/2026	22.5	20.1	18.4	0.01 %
^Country Paint and Hardware Inc	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	3/11/2026	87.4	78.1	72.6	0.03 %

Field: Page; Sequence: 47

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 39 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Wilban LLC	Industry — Food Services and Drinking Places	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/11/2026	105.0	95.0	93.8	0.04 %
^Dupre Capital LLC dba Fastsigns	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	3/11/2026	58.4	52.2	47.8	0.02 %
^Magill Truck Line LLC and Jeff J. Ralls	Truck Transportation	Term Loan	Prime plus 2.75%	3/11/2029	210.8	195.3	187.6	0.07 %
^Accuair Control Systems LLC dba Accuair Suspension	Transportation Equipment Manufacturing	Term Loan	Prime plus 2.75%	3/11/2026	150.0	134.0	124.7	0.05 %
^ABCs & 123s Infant and Child Care Center LP	Social Assistance	Term Loan	Prime plus 2.75%	3/11/2026	11.2	10.1	9.2	— %
^State Painting & Decorating Co., Inc.	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/10/2026	103.8	92.7	84.9	0.03 %
^B.P.T.M. of NV LLC and Agentis Bros., LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/9/2041	525.0	512.2	532.4	0.21 %
^Step Up Academy of the Arts LLC	Educational Services	Term Loan	Prime plus 2.75%	3/9/2026	8.0	7.2	6.6	— %
^A & A Auto Care LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/9/2026	12.1	10.9	10.9	— %
^Faith Summit Supply Inc dba Summit Supply and Summit True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	3/9/2026	22.5	20.1	19.3	0.01 %
^Swerve Salon LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/8/2026	79.0	70.6	64.7	0.03 %
^J & W Hardwood Flooring Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/7/2026	7.5	6.7	6.1	— %
^Labmates LLC and POV Holdings LLC	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	3/4/2041	109.3	106.6	113.6	0.04 %
^Hueston and Company CPA LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/4/2026	8.3	7.3	6.8	— %
^Almost Home Daycare LLC	Social Assistance	Term Loan	Prime plus 2.75%	3/3/2026	50.0	45.0	45.3	0.02 %
^Miles of Smiles Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/2/2026	93.5	85.1	79.1	0.03 %
^Living Essentials HVAC Corp	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	2/28/2026	15.0	13.3	12.3	— %
^Consulting Solutions, Inc. and Mark Luciani	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	2/28/2026	11.2	10.0	10.1	— %
^Powerpits CS1, LLC dba Pita Pit	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/28/2026	18.8	16.6	15.8	0.01 %
^Drug Detection Laboratories, Inc. and Minh Tran	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	2/28/2026	19.8	17.5	16.3	0.01 %

Field: Page; Sequence: 48

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 40 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Doxa Deo Inc dba Luv 2 Play	Industry — Amusement, Gambling, and Recreation Industries	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 2/28/2026	105.0	97.3	91.2	0.04 %
^The River Beas, LLC dba Subway and Punam Singh	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/28/2041	135.9	132.7	140.4	0.05 %
^Blackstones Hairdressing LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/23/2026	52.0	46.5	42.9	0.02 %
^Aaradhya LLC dba Market Square Laundry	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/23/2026	80.0	70.9	65.0	0.03 %
^R-No-Landscaping LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/19/2026	8.3	7.3	6.8	— %
^BER Enterprise 332 Inc dba Edible Arrangements	Food and Beverage Stores	Term Loan	Prime plus 2.75%	2/19/2026	22.5	20.0	18.4	0.01 %
^R & K Contracting Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	2/18/2026	15.8	14.1	14.1	0.01 %
^Pacific Coast Medical Group LLC dba Celebrity Laser Spa and Advanced	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	2/17/2026	245.0	217.3	221.6	0.09 %
^B for Blonde, LLC dba Blo Blow Dry Bar	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/12/2026	62.0	55.7	51.1	0.02 %
^Gilmore Heights Dental Holdings, LTD and Chas Rob LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	2/12/2029	310.3	286.3	277.9	0.11 %
^Ei3 Corporation	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	2/12/2026	326.9	289.9	295.7	0.12 %
^Jersey Shore Marina & Boat Sales, Inc.	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	2/12/2041	625.0	609.7	650.0	0.25 %
^Base USA, Inc.	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	2/2/2026	50.0	44.4	45.3	0.02 %
^Zouk Ltd dba Palma	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/29/2026	22.5	19.8	20.2	0.01 %
^Tammy Lavertue	Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Term Loan	Prime plus 2.75%	1/28/2026	11.3	9.9	9.9	— %
^SuzyQue's LLC dba SuzyQue's	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/28/2026	22.5	19.8	20.2	0.01 %
^Wildflour Bakery & Cafe LLC	Social Assistance	Term Loan	Prime plus 2.75%	1/28/2026	62.5	55.0	55.5	0.02 %
^New Image Building Services, Inc. dba The Maids serving Oakland	Administrative and Support Services	Term Loan	Prime plus 2.75%	1/19/2026	83.1	73.2	69.3	0.03 %
^Oak Tree Storage LLC	Other Information Services	Term Loan	Prime plus 2.75%	1/19/2026	78.8	69.3	64.3	0.03 %

Field: Page; Sequence: 49

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 41 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Gendron Funeral and Cremation Services, Inc.	Industry — Personal and Laundry Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 1/11/2041	112.5	108.0	115.1	0.05 %
^Dolarian Realty LLC and OV's Restaurant Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/5/2041	67.8	66.0	70.4	0.03 %
^Lemonberry Food Stores Inc dba Lemonberry Frozen Yogurt	Food and Beverage Stores	Term Loan	Prime plus 2.75%	12/29/2025	112.5	98.3	92.4	0.04 %
^MCF Forte LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/29/2025	18.8	16.4	15.1	0.01 %
^Panditos LLC dba White Lotus Home	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	12/28/2025	15.9	13.9	12.7	— %
^Bright Dialysis LLC and Ft Pierce Kidney Care LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	12/28/2025	1,250.0	1,092.1	1,002.2	0.39 %
^V2 Tango LLC dba Palette 22	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/23/2025	250.0	218.4	204.3	0.08 %
^Ridge Road Equestrian LLC dba Ricochet Ridge Ranch Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	12/23/2040	102.5	99.5	103.9	0.04 %
^Optima Health Care Inc	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	12/23/2025	62.5	54.6	55.7	0.02 %
^800 on the Trax LLC and Matrix Z LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	12/23/2040	240.0	234.1	243.4	0.10 %
^Joyce Outdoor Advertising Chicago LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/22/2040	300.0	293.1	303.6	0.12 %
^The LAX Shop Inc	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	12/22/2025	125.0	85.4	87.1	0.03 %
^Premier Athletic Center of Ohio Inc. and Gates Investments	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	12/22/2028	882.0	804.8	829.2	0.32 %
^Hattingh Incorporated dba Prosthetic Care Facility	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	12/21/2025	18.0	15.7	14.9	0.01 %
^G.W. Fitness Centers, LLC and J.G. Fitness LLC and NP Gym LLC and ANA	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	12/18/2040	1,025.0	994.8	1,060.0	0.41 %
^Trip Consultants U.S.A. Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/18/2025	175.0	152.9	140.0	0.05 %
^Jay Kevin Gremillion dba Dino Smiles Children’s Cosmetic Dentistry	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	12/18/2025	73.0	65.4	61.1	0.02 %
^Capital Scrap Metal LLC	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	12/18/2025	36.0	30.4	28.2	0.01 %
^Accent Tag and Label Inc	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	12/18/2040	665.8	644.4	671.7	0.26 %

Field: Page; Sequence: 50

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 42 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Labmates LLC	Industry — Miscellaneous Store Retailers	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 12/18/2040	162.5	157.7	168.0	0.07 %
^Abbondanza Market LLC dba Hampton Falls Village Market	Food and Beverage Stores	Term Loan	Prime plus 2.75%	12/18/2025	73.7	58.8	55.0	0.02 %
^Mustafa Inc dba Adiba Grocery	Food and Beverage Stores	Term Loan	Prime plus 2.75%	12/17/2025	103.8	91.2	92.9	0.04 %
^Learning Skills LLC and Christopher Shrope	Educational Services	Term Loan	Prime plus 2.75%	12/17/2025	10.8	9.4	8.6	— %
^New York Home Health Care Equipment, LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	12/16/2025	875.0	767.0	775.6	0.30 %
^Moments to Remember USA LLC dba Retain Loyalty	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/16/2025	75.0	65.6	64.2	0.03 %
^Swalm Sreet LLC and New York Home Health Care Equipment LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	12/16/2040	375.0	365.3	385.8	0.15 %
^Abitino's JFK LLC dba Abitino's	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/16/2022	125.0	102.0	96.2	0.04 %
^JAG Unit 1, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/16/2025	250.0	218.4	200.0	0.08 %
^SDA Holdings LLC and Les Cheveux Salon Inc	Personal and Laundry Services	Term Loan	Prime plus 2.75%	12/15/2040	428.8	418.2	431.3	0.17 %
^Evans & Paul LLC and E&P Holdings I LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	12/15/2025	125.0	109.2	102.3	0.04 %
^Basista Family Limited Partnership and UPE, Inc.	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	12/14/2040	342.5	332.4	345.5	0.14 %
^DC Enterprises Ltd. dba Lakeview True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	12/14/2025	22.5	19.7	19.5	0.01 %
^Tri-State Remodeling & Investments, LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	12/11/2025	15.9	13.9	13.9	0.01 %
^AGR Foodmart Inc dba Nashua Road Mobil	Gasoline Stations	Term Loan	Prime plus 2.75%	12/11/2025	22.5	19.7	19.4	0.01 %
^Alexandra Afentoulides dba Vi's Pizza Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/11/2040	46.3	44.9	47.8	0.02 %
^Cares, Inc. dba Dumpling Grounds Day Care Center	Social Assistance	Term Loan	Prime plus 2.75%	12/10/2025	7.5	6.6	6.7	— %
^Custom Exteriors, Inc.	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	12/9/2025	100.0	87.4	82.0	0.03 %
^Sushiya, Inc.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/8/2025	108.7	95.0	89.4	0.03 %
^My Jewels, LLC dba The UPS Store #6712	Administrative and Support Services	Term Loan	Prime plus 2.75%	12/7/2025	56.3	30.9	28.3	0.01 %

Field: Page; Sequence: 51

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 43 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Food & Fuel Company LLC dba Lowery Food Mart	Industry — Food and Beverage Stores	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 12/4/2040	122.5	118.9	126.7	0.05 %
^Blue Ox Trucking Inc.	Truck Transportation	Term Loan	Prime plus 2.75%	12/4/2025	12.3	4.7	4.7	— %
^LC Blvd Holdings LLC and Mt Pleasant Wash & Wax LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	12/4/2040	502.5	488.4	512.4	0.20 %
^American Campgrounds LLC dba Whit’s End Campground	Accommodation	Term Loan	Prime plus 2.75%	12/4/2040	293.0	284.4	298.8	0.12 %
^Tariq, LLC dba 76 Food Mart	Gasoline Stations	Term Loan	Prime plus 2.75%	12/2/2040	375.0	363.9	382.2	0.15 %
^401 JJS, Corp and G. Randazzo's Trattoria Corporation	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/1/2040	52.7	51.5	53.5	0.02 %
^Delta Aggregate, LLC	Mining (except Oil and Gas)	Term Loan	Prime plus 2.75%	11/30/2025	100.0	90.8	92.6	0.04 %
^Block and Grinder LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/30/2025	200.0	55.3	56.4	0.02 %
^Hurshell Leon Dutton dba High Jump Party Rentals	Rental and Leasing Services	Term Loan	Prime plus 2.75%	11/30/2025	17.6	15.2	15.4	0.01 %
^Japp Business Inc dba Pick and Eat and Japp Drink Corp.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/30/2025	125.0	108.9	103.3	0.04 %
^Smokeyard Inc dba Smokeyard BBQ and Chop Shop	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/30/2025	125.0	108.4	100.7	0.04 %
^Medeiros Holdings Inc dba Outdoor Lighting Perspectives of the Triad	Electrical Equipment, Appliance, and Component Manufacturing	Term Loan	Prime plus 2.75%	11/25/2025	22.5	19.5	17.9	0.01 %
^DWeb Studio, Inc.	Educational Services	Term Loan	Prime plus 2.75%	11/25/2025	11.3	9.8	8.9	— %
^State Painting and Decorating Co Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	11/25/2025	100.0	62.7	57.4	0.02 %
^Sambella Holdings, LLC and Strike Zone Entertainment Center LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	11/23/2040	750.0	738.3	782.8	0.31 %
^Play and Learn Child Care and School Inc	Social Assistance	Term Loan	Prime plus 2.75%	11/23/2025	11.1	9.6	9.8	— %
^Ronny Ramirez RX Corp dba Naturxheal Family Pharmacy	Health and Personal Care Stores	Term Loan	Prime plus 2.75%	11/20/2025	89.0	78.2	72.6	0.03 %
^Haven Hospitality Group Inc. dba Haven Gastropub	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/20/2025	132.5	114.9	106.5	0.04 %
^CNYP 717 Irondequoit LLC and CNYP 2002 Ontario LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/20/2040	244.4	237.1	238.0	0.09 %

Field: Page; Sequence: 52

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 44 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^S.B.B. Enterprises Inc dba Williamston Hardware	Industry — Building Material and Garden Equipment and Supplies Dealers	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 11/19/2040	108.8	105.1	105.8	0.04 %
^Key Pix Productions Inc. dba Air Bud Entertainment	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	11/18/2040	839.8	813.6	867.0	0.34 %
^RDT Enterprises, L.L.C.	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	11/12/2025	22.5	19.5	19.2	0.01 %
^E.S.F.P. LLC dba Volusia Van and Storage	Truck Transportation	Term Loan	Prime plus 2.75%	11/11/2025	91.3	77.2	71.8	0.03 %
^Green Life Lawnscapes LLC dba Green Life Lawn Care	Administrative and Support Services	Term Loan	Prime plus 2.75%	11/6/2025	127.3	110.3	111.1	0.04 %
^Jumbomarkets Inc dba Rines Jumbomarkets	Food and Beverage Stores	Term Loan	Prime plus 2.75%	11/4/2025	306.2	265.5	266.6	0.10 %
^Bisson Transportation Inc dba I & R Associates and Document Secutiry	Truck Transportation	Term Loan	Prime plus 2.75%	10/30/2025	22.5	19.3	19.0	0.01 %
^L.M. Jury Enterprises, Inc dba Midwest Monograms	Textile Product Mills	Term Loan	Prime plus 2.75%	10/28/2025	77.0	66.2	61.5	0.02 %
^Top Cat Ready Mix, LLC, Ples Investments LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	10/28/2025	711.3	611.6	574.7	0.22 %
^Financial Network Recovery	Administrative and Support Services	Term Loan	Prime plus 2.75%	10/26/2025	40.0	34.4	31.5	0.01 %
^Windsor Direct Distribution LLC	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	10/26/2025	14.2	12.3	11.2	— %
^Tannehill Enterprises Inc dba Hobbytown USA Folsom	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	10/14/2025	87.4	75.1	68.8	0.03 %
^ADMO Inc dba Mid States Equipment	Plastics and Rubber Products Manufacturing	Term Loan	Prime plus 2.75%	10/8/2025	22.5	19.3	18.0	0.01 %
^Recycling Consultants, Inc. and Prairie State Salvage and Recycling Inc.	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	9/30/2027	767.5	679.9	651.9	0.26 %
^Bat Bridge Investments Inc dba Kalologie 360 Spa	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/30/2025	85.5	74.4	68.1	0.03 %
^Binky's Vapes LLC	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	9/30/2025	22.5	19.2	17.6	0.01 %
^SCJEN Management Inc dba Bowl of Heaven	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/30/2025	71.2	61.4	56.2	0.02 %
^Naeem Khan LTD	Apparel Manufacturing	Term Loan	Prime plus 2.75%	9/30/2025	125.0	106.6	97.5	0.04 %
^Accent Homes Services LLC dba Benjamin Franklin Plumbing of Kansas City	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	9/30/2028	66.5	59.7	60.1	0.02 %

Field: Page; Sequence: 53

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 45 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Barub Realty LLC and Barub LLC dba Woodlawn Cabinets	Industry — Furniture and Home Furnishings Stores	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 9/30/2040	143.0	138.1	146.9	0.06 %
^R.H. Hummer Jr., Inc.	Truck Transportation	Term Loan	Prime plus 2.75%	9/30/2025	375.0	335.1	332.6	0.13 %
^Greensward of Marco Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	9/28/2040	87.5	84.5	87.5	0.03 %
^RIM Investments LLC and RIM Architects LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/28/2040	399.0	385.3	397.8	0.16 %
^The Grasso Companies LLC and Grasso Pavement Maintenance LLC	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	9/28/2025	518.7	438.2	446.2	0.17 %
^South Towne Dental Center, P.C.	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	9/25/2025	50.0	42.7	43.5	0.02 %
^Sandlot Ventures LLC and Sandbox Ventures LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/25/2040	442.5	430.0	439.6	0.17 %
^Yachting Solutions LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	9/25/2040	962.5	929.5	949.4	0.37 %
^Prestigious LifeCare for Seniors LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	9/25/2025	9.8	8.4	8.1	— %
^Daniel W. Stark dba Mountain Valley Lodge and RV Park	Accommodation	Term Loan	Prime plus 2.75%	9/25/2040	13.5	13.0	13.9	0.01 %
^J.R. Wheeler Corporation dba Structurz Exhibits and Graphics	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	10/24/2025	21.0	18.0	18.3	0.01 %
^St Lawrence Hotel Corp and Oheka Catering Inc dba Quality Inn	Accommodation	Term Loan	Prime plus 2.75%	9/24/2040	625.0	603.5	628.6	0.25 %
^Hagerstown Muffler, Inc. and JMS Muffler, Inc	Repair and Maintenance	Term Loan	Prime plus 2.75%	9/24/2040	327.5	316.3	336.8	0.13 %
^Rutledge Enterprises Inc dba BLC Property Management	Administrative and Support Services	Term Loan	Prime plus 2.75%	9/23/2040	62.5	59.9	62.4	0.02 %
^Finish Strong Inc dba FASTSIGNS St Peters	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	9/23/2025	50.0	42.7	39.0	0.02 %
^J3K LLC dba Ronan True Value Hardware	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	9/23/2025	152.5	130.1	119.0	0.05 %
^Nova Solutions Inc	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	9/22/2040	320.0	309.0	322.1	0.13 %
^Pine Belt Wood Products LLC	Forestry and Logging	Term Loan	Prime plus 2.75%	9/22/2040	163.7	158.1	156.6	0.06 %
^IIoka Inc dba New Cloud Networks	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/21/2025	665.0	570.1	521.4	0.20 %

Field: Page; Sequence: 54

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 46 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Sound Manufacturing Inc	Industry — Fabricated Metal Product Manufacturing	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 9/21/2025	50.0	42.7	40.5	0.02 %
^MiJoy Inc dba Imo's Pizza	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/18/2025	8.2	7.0	6.4	— %
^Vanderhoof LLC dba Soxfords	Apparel Manufacturing	Term Loan	Prime plus 2.75%	9/18/2025	15.9	13.6	12.4	— %
^Naeem Khan LTD	Apparel Manufacturing	Term Loan	Prime plus 2.75%	9/17/2025	125.0	106.6	97.5	0.04 %
^Import Car Connection Inc dba Car Connection	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	9/16/2040	407.5	393.5	416.2	0.16 %
^FirstVitals Health and Wellness Inc	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	9/15/2025	150.0	128.0	117.0	0.05 %
^Almost Home Daycare LLC	Social Assistance	Term Loan	Prime plus 2.75%	9/11/2025	62.5	53.7	54.5	0.02 %
^Veliu LLC dba FASTSIGNS #15901	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	9/10/2025	50.0	43.2	40.3	0.02 %
^B and A Friction Materials Inc	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	9/9/2025	102.5	85.2	77.9	0.03 %
^Gardner's Wharf Holdings LLC and Gardner's Wharf Seafood Inc	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	9/8/2040	140.0	135.2	144.0	0.06 %
^AIG Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	9/4/2040	363.8	351.3	356.0	0.14 %
^Empower Autism Academy	Social Assistance	Term Loan	Prime plus 2.75%	9/4/2040	685.0	661.5	704.4	0.28 %
^Higher Grounds Community Coffeehouse, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/2/2025	8.3	7.0	6.6	— %
^Delray Scrap Recycling LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	8/31/2025	22.5	18.8	17.2	0.01 %
^The Camera House Inc	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	8/31/2025	1,250.0	1,057.8	1,022.6	0.40 %
^LAN Doctors Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	8/28/2025	81.2	68.8	66.1	0.03 %
^Elite Institute LLC dba Huntington Learning Center	Educational Services	Term Loan	Prime plus 2.75%	8/28/2025	15.0	12.9	11.8	— %
^J and K Fitness L.L.C. dba Physiques Womens Fitness Center	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	2/28/2041	93.7	91.5	96.2	0.04 %
^Zephyr Seven Series LLC dba 18/8 Fine Men's Salon	Personal and Laundry Services	Term Loan	Prime plus 2.75%	8/28/2025	81.3	71.3	66.2	0.03 %
^B and J Catering Inc dba Culinary Solutions	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/27/2040	547.5	532.9	546.2	0.21 %

Field: Page; Sequence: 55

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 47 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^3000 CSI Property LLC and Consulting Solutions Inc	Industry — Professional, Scientific, and Technical Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 8/20/2040	137.5	132.6	140.0	0.05 %
^God Be Glorified Inc dba GBG Inc	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	8/20/2025	53.0	44.9	41.0	0.02 %
^GDP Gourmet LLC dba Joe and John's Pizza Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/19/2040	145.0	139.8	145.0	0.06 %
^Gold Jet Corp.	Couriers and Messengers	Term Loan	Prime plus 2.75%	8/14/2025	68.3	61.0	58.6	0.02 %
^SKJ Inc dba Subway	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/13/2025	84.8	71.7	66.2	0.03 %
^LP Industries Inc dba Childforms	Plastics and Rubber Products Manufacturing	Term Loan	Prime plus 2.75%	7/29/2025	125.0	105.2	103.1	0.04 %
^Pauley Tree and Lawn Care Inc	Administrative and Support Services	Term Loan	Prime plus 2.75%	7/28/2025	65.8	56.1	53.4	0.02 %
^Beale Street Blues Company-West Palm Beach LLC	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	7/24/2025	66.3	55.6	52.2	0.02 %
^Forever & Always of Naples Inc dba Island Animal Hospital	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	7/24/2025	107.5	82.9	80.2	0.03 %
^Smart Artists Inc.	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	7/23/2025	22.5	18.9	17.3	0.01 %
^Pooh's Corner Realty LLC and Pooh's Corner Inc	Social Assistance	Term Loan	Prime plus 2.75%	7/23/2040	103.8	100.3	106.4	0.04 %
^Free Ion Advisors LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	7/21/2025	64.3	53.9	49.3	0.02 %
^Murrayville Donuts, Inc dba Dunkin' Donuts	Food and Beverage Stores	Term Loan	Prime plus 2.75%	7/15/2040	344.5	335.4	343.5	0.13 %
^Union 2 LLC dba The Standard	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/10/2025	91.5	82.9	80.2	0.03 %
^BJ's Tavern LLC and BJ's Cabana Bar Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/30/2040	212.5	204.2	212.6	0.08 %
^Jonathan E Nichols and Nichols Fire and Security LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	6/30/2025	75.0	62.4	61.9	0.02 %
^Thrifty Market, Inc. dba Thrifty Foods	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/30/2030	262.5	237.8	228.2	0.09 %
^Danny V, LLC dba Hugo's Taproom	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/30/2040	54.0	45.7	46.1	0.02 %
^Anglin Cultured Stone Products LLC dba Anglin Construction	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/30/2025	281.7	234.5	221.3	0.09 %

Field: Page; Sequence: 56

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 48 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Advanced Skincare Medcenter Inc dba Advanced Skincare Surgery	Industry — Ambulatory Health Care Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/29/2025	337.5	280.9	260.0	0.10 %
^Summit Beverage Group LLC	Beverage and Tobacco Product Manufacturing	Term Loan	Prime plus 2.75%	8/29/2030	291.9	264.9	257.8	0.10 %
^Myclean Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	6/29/2025	15.9	13.2	12.1	— %
^E & G Enterprises LLC dba Comfort Keepers	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	6/26/2025	22.5	18.7	17.2	0.01 %
^SofRep, Inc dba Force 12 Media	Other Information Services	Term Loan	Prime plus 2.75%	6/26/2025	66.3	55.1	50.4	0.02 %
^TJU-DGT Inc dba The Lorenz Cafe	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/26/2029	20.6	18.5	19.1	0.01 %
^Jihan Inc dba ARCO AM/PM and Diana Inc dba Diana's Recycling	Gasoline Stations	Term Loan	Prime plus 2.75%	6/26/2040	380.0	365.1	378.2	0.15 %
^CEM Autobody LLC dba Dawn's Autobody	Repair and Maintenance	Term Loan	Prime plus 2.75%	6/26/2040	135.5	130.2	133.9	0.05 %
^Wolf Enviro Interests, LLC and Enviromax Services Inc	Administrative and Support Services	Term Loan	Prime plus 2.75%	6/25/2040	246.5	237.2	237.4	0.09 %
^Ohs Auto Body, Inc. dba Ohs Body Shop	Repair and Maintenance	Term Loan	7.47%	6/25/2040	1,207.5	1,172.3	1,204.2	0.47 %
^Evinger PA One, Inc. dba Postal Annex, Falcon	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	6/24/2025	22.5	18.7	17.9	0.01 %
^Amboy Group, LLC dba Tommy's Moloney's	Food Manufacturing	Term Loan	Prime plus 2.75%	6/24/2025	454.0	387.4	394.2	0.15 %
^Richards Plumbing and Heating Co., Inc. dba Richards Mechanical	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/23/2040	551.7	530.1	564.2	0.22 %
^RJI Services, Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/23/2025	22.5	18.6	17.0	0.01 %
^Real Help LLC dba Real Help Decorative Concrete	Administrative and Support Services	Term Loan	Prime plus 2.75%	6/22/2025	53.1	44.2	44.7	0.02 %
^PM Cassidy Enterprises, Inc. dba Junk King	Waste Management and Remediation Services	Term Loan	Prime plus 2.75%	6/19/2025	14.9	12.4	11.3	— %
^KRN Logistics, LLC and Newsome Trucking, Inc	Truck Transportation	Term Loan	Prime plus 2.75%	6/19/2025	543.5	455.7	438.7	0.17 %
^Inverted Healthcare Staffing of Florida LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	6/18/2025	61.3	51.0	46.6	0.02 %
^Flooring Liquidators Inc and Flooring Liquidators of Mt Kisco LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/17/2025	437.5	378.7	383.3	0.15 %
^AM PM Properties, LLC and AM PM Willington, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/17/2040	87.1	83.4	88.1	0.03 %

Field: Page; Sequence: 57

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 49 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Nelson Sargsyan dba HDA Trucking	Industry — Support Activities for Transportation	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/16/2025	130.5	108.6	99.2	0.04 %
^Mirage Plastering Inc and Mpire LLC and Mpire II LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/12/2040	338.8	133.3	130.4	0.05 %
^Bizzare Foods Inc dba Trooper Foods	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	6/12/2025	125.0	99.0	90.5	0.04 %
^Anturio Marketing Inc dba Logic Consulting	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/12/2040	290.2	278.9	296.8	0.12 %
^Eldredge Tavern LLC dba Gonyea's Tavern	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/8/2040	56.3	54.0	57.5	0.02 %
^Nicor LLC dba Fibrenew Sacramento	Repair and Maintenance	Term Loan	Prime plus 2.75%	6/5/2022	13.8	10.1	9.2	— %
^Chitalian Fratelli LLC dba Francesca Brick Oven Pizza and Pasta	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/5/2025	16.0	13.1	11.9	— %
^ViAr Visual Communications, Inc. dba Fastsigns 281701	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	6/5/2025	62.0	51.6	48.0	0.02 %
^Video Vault & Tanning LLC and Mosaic Salon LLC	Rental and Leasing Services	Term Loan	Prime plus 2.75%	6/4/2040	90.5	87.1	92.7	0.04 %
^Medworxs LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/3/2025	125.0	104.0	95.7	0.04 %
^XCESSIVE THROTTLE, INC dba Jake's Roadhouse	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/29/2025	8.2	6.8	6.2	— %
^God is Good LLC dba BurgerFi	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/27/2025	67.2	11.7	11.9	— %
^Villela CPA PL	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	5/27/2025	9.0	7.4	7.0	— %
^Pen Tex Inc dba The UPS Store	Administrative and Support Services	Term Loan	Prime plus 2.75%	5/20/2025	22.0	18.2	16.6	0.01 %
^Douglas Posey and Sally Watkinson dba Audrey's Farmhouse	Accommodation	Term Loan	Prime plus 2.75%	5/20/2040	174.1	167.0	175.2	0.07 %
^Capstone Pediatrics PLLC and Capstone Healthcare Consulting LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	5/15/2025	717.2	594.5	553.0	0.22 %
^15 McArdle LLC and No Other Impressions Inc	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	5/15/2040	257.1	246.6	250.3	0.10 %
^Guard Dogs MFS LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/8/2025	65.0	53.6	49.3	0.02 %
^George S Cochran DDS Inc	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	5/7/2025	130.0	107.9	98.8	0.04 %

Field: Page; Sequence: 58

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 50 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^South Park Properties LLC and Midlothian Hardware LLC	Industry — Building Material and Garden Equipment and Supplies Dealers	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 5/6/2040	170.5	162.4	172.9	0.07 %
^Matthew Taylor and Landon Farm LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	5/4/2040	100.0	96.6	95.1	0.04 %
^Cares Inc dba Dumpling Grounds Day Care Center	Social Assistance	Term Loan	Prime plus 2.75%	5/1/2040	81.9	77.7	82.7	0.03 %
^Orchid Enterprises Inc dba Assisting Hands of Sussex County	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	4/24/2025	15.0	12.3	11.2	— %
^Ragazza Restaurant Group, Inc. dba Bambolina	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	4/21/2025	22.5	18.2	17.2	0.01 %
^Diamond Solutions LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	4/21/2025	22.5	17.6	16.0	0.01 %
^Giacchino Maritime Consultants Inc	Personal and Laundry Services	Term Loan	Prime plus 2.75%	4/17/2025	22.5	18.4	16.8	0.01 %
^Sound Coaching Inc	Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Term Loan	Prime plus 2.75%	4/14/2025	44.4	36.3	33.2	0.01 %
^Faramarz Nikourazm dba Car Clinic Center	Repair and Maintenance	Term Loan	Prime plus 2.75%	4/3/2040	73.8	70.4	72.9	0.03 %
^Advance Case Parts RE Holdings LLC and Advance Case Parts Inc	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/31/2040	758.3	707.0	751.3	0.29 %
^T and B Boots Inc dba Takken's Shoes	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	3/31/2025	807.8	130.3	134.1	0.05 %
^HAVANA CENTRAL NJ1, LLC dba Havana Central	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/31/2025	250.0	218.9	225.1	0.09 %
^Mid-South Lumber Co. of Northwest Florida, Inc.	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	3/31/2040	428.7	409.8	434.7	0.17 %
^Copper Beech Financial Group LLC	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	3/30/2025	125.0	101.4	102.4	0.04 %
^Delta Aggregate LLC	Mining (except Oil and Gas)	Term Loan	Prime plus 2.75%	3/30/2025	90.0	79.2	81.5	0.03 %
^Sunset Marine Resort LLC and GoXpeditions LLC and Lavon Gomes and Trac	Accommodation	Term Loan	Prime plus 2.75%	3/27/2040	301.8	288.4	312.6	0.12 %
^Shorr Enterprises Inc dba New Design Furniture Manufacturers	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	3/27/2025	106.5	86.4	87.6	0.03 %
^Foresite Realty Partners LLC and Foresite Real Estate Holdings LLC	Real Estate	Term Loan	Prime plus 2.75%	3/27/2025	1,238.3	1,004.5	993.7	0.39 %
^Shellhorn and Hill Inc dba Total Fleet Service	Nonstore Retailers	Term Loan	Prime plus 2.75%	3/27/2040	1,040.2	990.4	1,050.6	0.41 %

Field: Page; Sequence: 59

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 51 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Geo Los Angeles LLC dba Geo Film Group	Industry — Rental and Leasing Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/26/2025	130.0	105.5	106.8	0.04 %
^Joyce Outdoor Advertising NJ LLC and Joyce Outdoor Advertising LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/26/2040	54.0	51.6	55.8	0.02 %
^Zero-In Media Inc	Data Processing, Hosting, and Related Services	Term Loan	Prime plus 2.75%	3/25/2025	22.5	18.3	18.1	0.01 %
^Carpet Exchange of North Texas Inc and Clyde E. Cumbie Jr	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	3/25/2040	810.0	774.2	838.2	0.33 %
^Loriet LLC	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	3/24/2025	12.0	9.7	9.6	— %
^Shelton Incorporated dba Mrs. Winners	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/20/2040	112.5	107.5	116.5	0.05 %
^Jaymie Hazard dba Indigo Hair Studio and Day Spa	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/20/2040	42.9	41.1	44.0	0.02 %
^R & R Security and Investigations Inc dba Pardners Lake Buchanan	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/19/2040	85.4	81.7	88.5	0.03 %
^MMS Realty, LLC and Molecular MS Diagnostics LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/18/2040	160.7	153.6	164.3	0.06 %
^Royal Crest Motors LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	3/16/2040	91.2	87.2	93.6	0.04 %
^BND Sebastian Limited Liability Company and Sebastian Fitness	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/16/2040	172.5	164.9	177.7	0.07 %
^Douglas Printy Motorsports, Inc. dba Blackburn Trike	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	3/9/2040	191.8	183.3	196.0	0.08 %
^Luigi's on Main LLC and Luigi's Main Street Pizza Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/4/2025	11.3	9.1	9.4	— %
^Baystate Firearms and Training, LLC	Educational Services	Term Loan	Prime plus 2.75%	2/27/2025	63.4	50.8	50.4	0.02 %
^Kingseal LLC dba Desoto Health and Rehab Center	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	2/26/2040	1,250.0	1,192.7	1,292.8	0.51 %
^Pace Motor Lines, Inc.	Truck Transportation	Term Loan	Prime plus 2.75%	2/26/2025	66.2	53.1	54.7	0.02 %
^Nelson Financial Services LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	2/24/2025	12.4	10.0	9.9	— %
^Kiddie Steps 4 You Inc.	Social Assistance	Term Loan	Prime plus 2.75%	2/19/2040	61.7	59.0	63.0	0.02 %
^Triangle Trash LLC dba Bin There Dump That	Waste Management and Remediation Services	Term Loan	Prime plus 2.75%	2/18/2025	74.4	59.7	60.2	0.02 %

Field: Page; Sequence: 60

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 52 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^Silva Realty Holdings, LLC and MF-Silva Enterprises, Inc.	Industry — Food Services and Drinking Places	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 12/31/2018	171.5	163.8	162.1	0.06 %
^740 Barry Street Realty LLC and Wild Edibles Inc	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	2/10/2040	492.5	469.9	509.4	0.20 %
^Kostekos Inc dba New York Style Pizza	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/6/2040	66.2	63.3	67.9	0.03 %
^DuCharme Realty LLC and DuCharme Enterprises LLC	Wood Product Manufacturing	Term Loan	Prime plus 2.75%	2/2/2040	225.1	214.8	228.8	0.09 %
^Dean 1021 LLC dba Pure Pita	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	4/29/2025	80.0	64.3	64.0	0.03 %
^Limameno LLC dba Sal's Italian Ristorante	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/23/2025	83.3	66.3	66.1	0.03 %
^Palmabak Inc dba Mami Nora's	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	1/22/2025	21.5	13.3	13.7	0.01 %
^Jung Design Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	1/20/2022	8.4	5.7	5.6	— %
^Grand Blanc Lanes, Inc. and H, H and H, LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	12/31/2039	133.0	126.9	137.1	0.05 %
^Bear Creek Entertainment, LLC dba The Woods at Bear Creek	Accommodation	Term Loan	Prime plus 2.75%	12/30/2024	106.3	86.2	88.6	0.03 %
^Evans and Paul LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	12/30/2024	223.7	176.7	180.8	0.07 %
^FHJE Ventures LLC and Eisenreich II Inc dba Breakneck Tavern	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/30/2039	245.5	234.8	249.5	0.10 %
^First Prevention and Dialysis Center, LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	12/30/2024	273.3	228.1	232.2	0.09 %
^Bowlerama Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	12/24/2039	1,202.5	1,145.0	1,240.3	0.49 %
^The Lodin Group LLC and Lodin Health Imaging Inc dba Highlands Breast	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	12/23/2039	530.3	504.1	534.8	0.21 %
^401 JJS Corporation and G. Randazzo Corporation	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/23/2039	473.5	454.9	490.3	0.19 %
^Thermoplastic Services Inc and Paragon Plastic Sheet, Inc	Plastics and Rubber Products Manufacturing	Term Loan	Prime plus 2.75%	12/23/2039	500.0	475.4	515.0	0.20 %
^Atlantis of Daytona LLC and Ocean Club Sportswear Inc	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	12/23/2039	240.0	197.2	213.6	0.08 %
^Beale Street Blues Company-West Palm Beach, LLC dba Lafayette Music Hall	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	12/22/2024	187.5	148.1	148.3	0.06 %

Field: Page; Sequence: 61

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 53 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

Portfolio Company — ^MM and M Management Inc dba Pizza Artista	Industry — Food Services and Drinking Places	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 4/19/2025	46.3	37.6	37.4	0.01 %
^The Jewelers Inc. dba The Jewelers of Las Vegas	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	12/19/2024	1,250.0	987.5	978.5	0.38 %
^B.S. Ventures LLC dba Dink's Market	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	12/19/2039	53.8	51.1	55.4	0.02 %
^B & W Towing, LLC and Boychucks Fuel LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	12/17/2039	164.5	156.7	167.2	0.07 %
^All American Games, LLC and Sportslink - The Game, LLC	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	12/10/2024	400.0	315.8	317.0	0.12 %
^Kemmer LLC and Apples Tree Top Liquors LLC	Food and Beverage Stores	Term Loan	Prime plus 2.75%	12/4/2039	138.4	131.6	139.9	0.05 %
^The Red Pill Management, Inc. dba UFC Gym Matthews	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	11/26/2024	54.3	43.2	43.2	0.02 %
^Teamnewman Enterprises LLC dba Newmans at 988 and John H. Newman	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/25/2039	148.7	141.7	151.5	0.06 %
^DeRidder Chiropractic LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	11/25/2024	13.2	10.3	10.6	— %
^Modern Manhattan LLC	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	11/25/2024	220.0	172.1	170.8	0.07 %
^Legacy Estate Planning Inc dba American Casket Enterprises	Personal and Laundry Services	Term Loan	Prime plus 2.75%	11/21/2024	42.0	32.9	32.5	0.01 %
^J&D Resources, LLC dba Aqua Science	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	11/21/2024	767.9	594.9	591.1	0.23 %
^DC Real LLC and DC Enterprises LTD dba Lakeview True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	11/20/2039	119.4	113.8	122.6	0.05 %
^MLM Enterprises LLC and Demand Printing Solutions Inc	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	11/18/2024	70.5	55.2	56.0	0.02 %
^JEJE Realty LLC and La Familia Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/10/2039	205.8	172.3	185.0	0.07 %
^Joey O's LLC and Jennifer Olszewski	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	11/7/2024	13.1	0.7	0.7	— %
^Heartland American Properties LLC and Skaggs RV Outlet LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	10/31/2039	479.0	453.8	488.4	0.19 %
^Golden Transaction Corporation dba Bleh Sunoco	Gasoline Stations	Term Loan	Prime plus 2.75%	10/30/2039	156.7	148.4	160.2	0.06 %
^Seelan Inc dba Candleridge Market	Gasoline Stations	Term Loan	Prime plus 2.75%	10/27/2039	90.5	85.7	91.7	0.04 %

Field: Page; Sequence: 62

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 54 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Navdeep B Martins and Busy Bubbles LLC dba Wishy Washy | Industry — Personal and Laundry Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 10/24/2039 | 89.0 | 84.5 | 89.8 | 0.04 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^One Hour Jewelry Repair Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/14/2024 | 20.6 | 15.9 | 15.7 | 0.01 % |
| ^DNT Storage and Properties LLC | Real Estate | Term Loan | Prime plus 2.75% | 10/10/2039 | 101.7 | 96.4 | 104.1 | 0.04 % |
| ^Sound Manufacturing Inc | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 10/10/2024 | 187.5 | 145.3 | 145.4 | 0.06 % |
| ^Return to Excellence, Inc. dba The Waynesville Inn Golf & Spa | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 10/10/2039 | 1,250.0 | 1,198.8 | 1,298.6 | 0.51 % |
| ^Smith Spinal Care Center P.C. and James C. Smith | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 10/8/2039 | 60.0 | 56.8 | 61.1 | 0.02 % |
| ^Doctors Express Management of Central Texas LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 10/8/2024 | 105.0 | 72.0 | 73.6 | 0.03 % |
| ^Michael Rey Jr. and Lynn J. Williams and GIG Petcare | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 10/3/2039 | 126.9 | 117.7 | 126.9 | 0.05 % |
| ^Sumad LLC dba BrightStar Care of Encinitas | Administrative and Support Services | Term Loan | Prime plus 2.75% | 10/2/2024 | 92.5 | 41.2 | 42.3 | 0.02 % |
| ^Roccos LLC and Sullo Pantalone Inc dba Rocco's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/30/2039 | 255.8 | 241.8 | 258.0 | 0.10 % |
| ^Keller Holdings LLC and David H Keller III and Carie C Keller | Scenic and Sightseeing Transportation | Term Loan | Prime plus 2.75% | 9/30/2039 | 100.0 | 94.6 | 102.3 | 0.04 % |
| ^Orange County Insurance Brokerage Inc dba Beaty Insurance Agency | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 9/29/2039 | 325.1 | 308.9 | 334.4 | 0.13 % |
| ^The Woods at Bear Creek LLC and Bear Creek Entertainment LLC | Accommodation | Term Loan | Prime plus 2.75% | 9/29/2039 | 513.3 | 489.6 | 530.0 | 0.21 % |
| ^Keys Phase One LLC dba The Grand Guesthouse | Accommodation | Term Loan | Prime plus 2.75% | 9/26/2039 | 736.2 | 696.2 | 749.8 | 0.29 % |
| ^Gordon E Rogers dba Stonehouse Motor Inn | Accommodation | Term Loan | Prime plus 2.75% | 9/26/2039 | 57.5 | 54.4 | 58.9 | 0.02 % |
| ^Auto Shine Carwash Inc and AKM R. Hossain and Jessica F. Masud | Gasoline Stations | Term Loan | Prime plus 2.75% | 9/26/2024 | 22.5 | 17.3 | 17.2 | 0.01 % |
| ^6 Price Avenue, LLC and Pauley Tree & Lawn Care, Inc | Administrative and Support Services | Term Loan | Prime plus 2.75% | 9/24/2039 | 452.5 | 432.6 | 457.1 | 0.18 % |
| ^North Columbia LLC and Loop Liquor and Convenience Store LLC | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 9/24/2039 | 159.2 | 150.7 | 162.2 | 0.06 % |
| ^R A Johnson Inc dba Rick Johnson Auto and Tire | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/23/2039 | 301.2 | 284.9 | 308.4 | 0.12 % |
| ^Andrene's LLC dba Andrene's Caribbean Soul Food Carry Out | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/23/2024 | 37.7 | 25.6 | 25.3 | 0.01 % |

Field: Page; Sequence: 63

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 55 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Ryan Crick and Pamela J. Crick and Crick Enterprises Inc | Industry — Repair and Maintenance | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/17/2039 | 145.5 | 137.8 | 149.2 | 0.06 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Modern Leather Goods Repair Shop Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/17/2024 | 58.8 | 44.6 | 44.1 | 0.02 % |
| ^RDT Enterprises LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 9/15/2027 | 162.7 | 136.9 | 141.8 | 0.06 % |
| ^Tavern Properties LLC and Wildwood Tavern LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/15/2039 | 425.0 | 404.5 | 435.0 | 0.17 % |
| ^Animal Intrusion Prevention Systems Holding Company, LLC | Administrative and Support Services | Term Loan | Prime plus 2.75% | 9/15/2024 | 272.5 | 211.9 | 212.5 | 0.08 % |
| ^KW Zion, LLC and Key West Gallery Inc | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 9/12/2039 | 1,250.0 | 1,182.1 | 1,272.7 | 0.50 % |
| ^Indy East Smiles Youth Dentistry LLC dba Prime Smile East | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/11/2024 | 630.2 | 484.0 | 478.5 | 0.19 % |
| ^B&P Diners LLC dba Engine House Restaurant | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/10/2024 | 80.0 | 61.4 | 60.6 | 0.02 % |
| ^Feel The World Inc dba Xero Shoes and Invisible Shoes | Leather and Allied Product Manufacturing | Term Loan | Prime plus 2.75% | 9/5/2024 | 51.9 | 39.9 | 39.6 | 0.02 % |
| ^Delta Aggregate LLC | Mining (except Oil and Gas) | Term Loan | Prime plus 2.75% | 8/28/2039 | 911.2 | 859.0 | 929.9 | 0.36 % |
| ^Lamjam LLC (EPC) Goldsmith Lambros Inc | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 8/27/2024 | 133.8 | 102.7 | 105.5 | 0.04 % |
| ^Orange County Cleaning Inc | Administrative and Support Services | Term Loan | Prime plus 2.75% | 8/27/2024 | 41.2 | 24.3 | 24.0 | 0.01 % |
| ^Qycell Corporation | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 8/26/2024 | 121.0 | 92.0 | 92.7 | 0.04 % |
| ^Atlas Auto Body Inc dba Atlas Auto Sales | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/22/2039 | 51.6 | 48.7 | 52.0 | 0.02 % |
| ^Katie Senior Care LLC dba Home Instead Senior Care | Social Assistance | Term Loan | Prime plus 2.75% | 8/15/2024 | 124.3 | 94.5 | 93.3 | 0.04 % |
| ^Alpha Preparatory Academy LLC | Social Assistance | Term Loan | Prime plus 2.75% | 8/15/2039 | 145.2 | 137.6 | 149.0 | 0.06 % |
| ^S&P Holdings of Daytona LLC S&P Corporation of Daytona Beach | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 8/15/2039 | 433.5 | 388.3 | 420.3 | 0.16 % |
| ^Hamer Road Auto Salvage, LLC and Scott T. Cook and Nikki J. Cook | Motor Vehicle and Parts Dealers | Term Loan | 6% | 8/8/2039 | 188.4 | 177.0 | 191.6 | 0.07 % |
| ^Almost Home Property LLC and Almost Home Daycare LLC | Social Assistance | Term Loan | Prime plus 2.75% | 8/7/2039 | 715.8 | 677.8 | 731.8 | 0.29 % |
| ^AGV Enterprises LLC dba Jet's Pizza #42 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/31/2024 | 54.8 | 41.3 | 41.0 | 0.02 % |

Field: Page; Sequence: 64

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 56 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^iFood, Inc. dba Steak N Shake | Industry — Food Services and Drinking Places | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 7/31/2024 | 379.1 | 296.7 | 298.8 | 0.12 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^575 Columbus Avenue Holding Company, LLC and LA-ZE LLC dba EST EST EST | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/30/2039 | 22.5 | 20.6 | 22.3 | 0.01 % |
| ^Honeyspot Investors LLP and Pace Motor Lines Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 7/24/2039 | 150.0 | 141.3 | 152.9 | 0.06 % |
| ^Miss Cranston Diner II, LLC and Miss Cranston II Realty LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/17/2039 | 100.0 | 96.3 | 103.4 | 0.04 % |
| ^AMG Holding, LLC and Stetson Automotive, Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/30/2039 | 208.0 | 195.6 | 211.6 | 0.08 % |
| ^Highway Striping Inc | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 6/30/2024 | 53.1 | 39.6 | 39.6 | 0.02 % |
| ^Lisle Lincoln II Limited Partnership dba Lisle Lanes LP | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/30/2024 | 100.0 | 74.5 | 76.5 | 0.03 % |
| ^iFood, Inc. dba Steak N Shake | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/30/2039 | 629.8 | 594.0 | 628.4 | 0.25 % |
| ^Honeyspot Investors LLP and Pace Motor Lines Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 6/30/2039 | 875.3 | 824.3 | 891.5 | 0.35 % |
| ^FHJE Ventures LLC and Eisenreich II Inc. dba Breakneck Tavern | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/27/2039 | 321.8 | 302.7 | 324.9 | 0.13 % |
| ^Zinger Hardware and General Merchant Inc | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 6/26/2024 | 110.5 | 82.4 | 83.5 | 0.03 % |
| ^JPM Investments LLC and Carolina Family Foot Care P.A. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/26/2039 | 136.1 | 132.6 | 142.6 | 0.06 % |
| ^Nikobella Properties LLC and JPO Inc dba Village Car Wash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/25/2039 | 476.3 | 449.3 | 482.8 | 0.19 % |
| ^Big Sky Plaza LLC and Strickland, Incorporated dba Livingston True Value | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 6/20/2039 | 233.4 | 219.5 | 235.6 | 0.09 % |
| ^510 ROK Realty LLC dba ROK Health and Fitness and Robert N. D'urso | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/19/2024 | 332.0 | 256.2 | 262.9 | 0.10 % |
| ^Nirvi Enterprises LLC dba Howard Johnson / Knights Inn | Accommodation | Term Loan | Prime plus 2.75% | 6/17/2039 | 920.3 | 865.5 | 936.2 | 0.37 % |
| ^Hotels of North Georgia LLC dba Comfort Inn and Suites | Accommodation | Term Loan | Prime plus 2.75% | 6/17/2039 | 837.5 | 787.6 | 852.0 | 0.33 % |
| ^Global Educational Delivery Services LLC | Educational Services | Term Loan | Prime plus 2.75% | 6/16/2024 | 60.0 | 45.3 | 46.5 | 0.02 % |
| ^Rainbow Dry Cleaners | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/13/2024 | 122.5 | 91.4 | 91.5 | 0.04 % |

Field: Page; Sequence: 65

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 57 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^NVR Corporation dba Discount Food Mart | Industry — Food and Beverage Stores | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 6/11/2039 | 68.3 | 62.1 | 67.2 | 0.03 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Sico & Walsh Insurance Agency Inc and The AMS Trust | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 6/6/2039 | 250.0 | 88.4 | 95.6 | 0.04 % |
| ^Sujata Inc dba Stop N Save Food Mart and Dhruvesh Patel | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 6/3/2024 | 22.5 | 16.8 | 16.7 | 0.01 % |
| ^Long Island Barber + Beauty LLC | Educational Services | Term Loan | Prime plus 2.75% | 6/2/2039 | 55.5 | 52.2 | 55.9 | 0.02 % |
| ^CJR LLC and PowerWash Plus, Inc. | Repair and Maintenance | Term Loan | Prime plus 2.75% | 5/30/2024 | 53.0 | 39.1 | 39.9 | 0.02 % |
| ^Pocono Coated Products, LLC | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 5/30/2024 | 22.5 | 16.6 | 17.0 | 0.01 % |
| ^Wilton Dental Care P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 5/29/2024 | 128.1 | 96.5 | 95.5 | 0.04 % |
| ^EGM Food Services Inc dba Gold Star Chili | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/29/2024 | 19.2 | 14.2 | 14.2 | 0.01 % |
| ^R. A. Johnson, Inc. dba Rick Johnson Auto & Tire | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 5/29/2039 | 943.8 | 522.0 | 564.6 | 0.22 % |
| ^Jonesboro Health Food Center LLC | Health and Personal Care Stores | Term Loan | Prime plus 2.75% | 5/27/2024 | 60.0 | 44.3 | 43.8 | 0.02 % |
| ^Bay State Funeral Services, LLC and Riley Funeral Home Inc | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 5/21/2039 | 134.9 | 127.0 | 137.4 | 0.05 % |
| ^Hae M. and Jin S. Park dba Buford Car Wash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 5/15/2039 | 166.5 | 155.6 | 166.0 | 0.06 % |
| ^Moochie's LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/13/2024 | 100.5 | 75.1 | 74.6 | 0.03 % |
| ^The River Beas LLC and Punam Singh | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/8/2039 | 90.3 | 85.3 | 91.5 | 0.04 % |
| ^AS Boyals LLC dba Towne Liquors | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 4/29/2039 | 117.5 | 102.0 | 110.4 | 0.04 % |
| ^Complete Body & Paint, Inc. | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/23/2039 | 20.8 | 19.5 | 21.1 | 0.01 % |
| ^Gerami Realty, LC Sherrill Universal City Corral, LP | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/23/2027 | 78.7 | 64.0 | 66.5 | 0.03 % |
| ^Island Wide Realty LLC and Long Island Partners, Inc. | Real Estate | Term Loan | Prime plus 2.75% | 4/22/2039 | 103.8 | 97.3 | 105.3 | 0.04 % |
| ^Wilshire Media Systems Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 4/17/2024 | 186.2 | 136.2 | 135.5 | 0.05 % |
| ^1899 Tavern & Tap LLC and Ale House Tavern & Tap LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/9/2039 | 137.5 | 127.9 | 137.7 | 0.05 % |

Field: Page; Sequence: 66

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 58 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Little People's Village II LLC and Iliopoulos Realty LLC | Industry — Social Assistance | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 3/31/2039 | 92.1 | 86.7 | 93.9 | 0.04 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Dantanna's Tavern LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/30/2024 | 164.3 | 121.2 | 124.0 | 0.05 % |
| ^Hodges Properties LLC and Echelon Enterprises Inc dba Treads Bicycle | Sporting Goods, Hobby, Musical Instrument, and Book Stores | Term Loan | Prime plus 2.75% | 3/31/2039 | 449.0 | 419.9 | 456.5 | 0.18 % |
| ^RDT Enterprises, LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/31/2028 | 141.2 | 119.0 | 125.0 | 0.05 % |
| ^Little People's Village II LLC and Iliopoulos Realty LLC | Social Assistance | Term Loan | Prime plus 2.75% | 3/31/2039 | 101.5 | 95.6 | 103.5 | 0.04 % |
| ^Eagle Aggregate Transportation, LLC and Eagle Pneumatic Transport LLC | Truck Transportation | Term Loan | Prime plus 2.75% | 3/31/2024 | 750.0 | 542.5 | 556.8 | 0.22 % |
| ^Kemmer, LLC and Pitts Package Store, Inc. | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 3/31/2039 | 117.5 | 110.1 | 118.8 | 0.05 % |
| ^Lake Area Autosound LLC and Ryan H. Whittington | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 7/28/2039 | 125.0 | 118.6 | 128.9 | 0.05 % |
| ^Wilban LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/28/2039 | 427.5 | 402.7 | 437.5 | 0.17 % |
| ^Hascher Gabelstapler Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/26/2024 | 143.2 | 107.7 | 110.6 | 0.04 % |
| ^Knowledge First Inc dba Magic Years of Learning and Kimberly Knox | Social Assistance | Term Loan | Prime plus 2.75% | 3/21/2039 | 145.0 | 135.8 | 147.2 | 0.06 % |
| ^636 South Center Holdings, LLC and New Mansfield Brass and Aluminum Co | Primary Metal Manufacturing | Term Loan | Prime plus 2.75% | 3/20/2039 | 497.5 | 74.9 | 81.5 | 0.03 % |
| ^Cormac Enterprises and Wyoming Valley Beverage Incorporated | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 3/20/2039 | 110.8 | 103.7 | 113.0 | 0.04 % |
| ^Kinisi, Inc. dba The River North UPS Store | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/18/2024 | 41.3 | 21.5 | 22.1 | 0.01 % |
| ^SE Properties 39 Old Route 146, LLC SmartEarly Clifton Park LLC | Social Assistance | Term Loan | Prime plus 2.75% | 3/14/2039 | 408.0 | 382.7 | 416.7 | 0.16 % |
| ^Tortilla King Inc. | Food Manufacturing | Term Loan | Prime plus 2.75% | 3/14/2039 | 216.9 | 203.7 | 220.5 | 0.09 % |
| ^Tortilla King, Inc. | Food Manufacturing | Term Loan | Prime plus 2.75% | 3/14/2029 | 1,033.1 | 888.4 | 929.4 | 0.36 % |
| ^Bowl Mor, LLC dba Bowl Mor Lanes / Spare Lounge, Inc. | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 3/13/2039 | 223.5 | 209.0 | 227.6 | 0.09 % |
| ^Avayaan2 LLC dba Island Cove | Gasoline Stations | Term Loan | Prime plus 2.75% | 3/7/2039 | 157.5 | 147.3 | 160.0 | 0.06 % |
| ^Onofrio's Fresh Cut Inc | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 3/6/2024 | 75.0 | 54.2 | 55.8 | 0.02 % |

Field: Page; Sequence: 67

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 59 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^R & R Boyal LLC dba Cap N Cat Clam Bar and Little Ease Tavern | Industry — Food and Beverage Stores | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 2/28/2039 | 417.5 | 389.8 | 423.1 | 0.17 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Summit Beverage Group LLC | Beverage and Tobacco Product Manufacturing | Term Loan | Prime plus 2.75% | 2/28/2024 | 350.6 | 251.0 | 257.5 | 0.10 % |
| ^Faith Memorial Chapel LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 2/28/2039 | 214.2 | 200.3 | 217.1 | 0.08 % |
| ^952 Boston Post Road Realty, LLC and HNA LLC dba Styles International | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 2/28/2039 | 211.0 | 197.0 | 213.6 | 0.08 % |
| ^Choe Trade Group Inc dba Rapid Printers of Monterey | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 2/28/2024 | 159.3 | 114.0 | 117.5 | 0.05 % |
| ^96 Mill Street LLC, Central Pizza LLC and Jason Bikakis George Bikaki | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/12/2039 | 141.2 | 132.4 | 144.2 | 0.06 % |
| ^JWB Industries, Inc. dba Carteret Die Casting | Primary Metal Manufacturing | Term Loan | Prime plus 2.75% | 2/11/2024 | 280.0 | 200.4 | 204.4 | 0.08 % |
| ^Awesome Pets II Inc dba Mellisa's Pet Depot | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 2/7/2024 | 83.2 | 60.3 | 61.5 | 0.02 % |
| ^986 Dixwell Avenue Holding Company, LLC and Mughali Foods, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/7/2039 | 99.1 | 92.9 | 100.9 | 0.04 % |
| ^Sarah Sibadan dba Sibadan Agency | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 1/27/2039 | 129.4 | 120.5 | 131.1 | 0.05 % |
| ^JDR Industries Inc dba CST-The Composites Store, JetCat USA | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 1/21/2024 | 140.3 | 99.3 | 101.6 | 0.04 % |
| ^Icore Enterprises Inc dba Air Flow Filters Inc | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 1/15/2024 | 21.8 | 15.4 | 15.9 | 0.01 % |
| ^Carl R. Bieber, Inc. dba Bieber Tourways/Bieber Transportation/Bieber | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 9/30/2027 | 712.5 | 587.9 | 614.6 | 0.24 % |
| ^Nutmeg North Associates LLC; Steeltech Building Products Inc | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/31/2038 | 897.8 | 853.3 | 924.3 | 0.36 % |
| ^Shane M. Howell and Buck Hardware and Garden Center, LLC | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 12/27/2038 | 322.5 | 300.4 | 325.2 | 0.13 % |
| ^CLU Amboy, LLC and Amboy Group, LLC dba Tommy Moloney's | Food Manufacturing | Term Loan | Prime plus 2.75% | 12/27/2023 | 656.2 | 481.1 | 495.0 | 0.19 % |
| ^KK International Trading Corporation | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/23/2028 | 190.0 | 158.1 | 165.7 | 0.06 % |
| ^Kurtis Sniezek dba Wolfe's Foreign Auto | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/20/2038 | 88.9 | 82.6 | 89.9 | 0.04 % |
| ^Mosley Auto Group LLC dba America's Automotive | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/20/2038 | 221.5 | 206.0 | 223.9 | 0.09 % |
| ^PLES Investements, LLC and John Redder, Pappy Sand & Gravel, Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/19/2038 | 555.2 | 516.3 | 559.6 | 0.22 % |

Field: Page; Sequence: 68

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 60 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Lefont Theaters Inc. | Industry — Performing Arts, Spectator Sports, and Related Industries | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 12/19/2023 | 14.4 | 10.1 | 10.3 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^TAK Properties LLC and Kinderland Inc | Social Assistance | Term Loan | Prime plus 2.75% | 12/18/2038 | 405.0 | 377.1 | 409.0 | 0.16 % |
| ^TOL LLC dba Wild Birds Unlimited | Sporting Goods, Hobby, Musical Instrument, and Book Stores | Term Loan | Prime plus 2.75% | 12/13/2023 | 18.0 | 13.0 | 13.3 | 0.01 % |
| ^920 CHR Realty LLC and V. Garofalo Carting Inc | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 12/10/2038 | 418.1 | 388.8 | 423.0 | 0.17 % |
| ^DKB Transport Corp | Truck Transportation | Term Loan | Prime plus 2.75% | 12/5/2038 | 138.8 | 129.0 | 140.4 | 0.05 % |
| ^Firm Foundations Inc David S Gaitan Jr and Christopher K Daigle | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/3/2038 | 104.2 | 96.9 | 104.7 | 0.04 % |
| ^Spectrum Development LLC and Solvit Inc & Solvit North, Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/2/2023 | 387.3 | 276.2 | 282.5 | 0.11 % |
| ^BVIP Limousine Service LTD | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 11/27/2038 | 76.5 | 71.0 | 77.1 | 0.03 % |
| ^Eco-Green Reprocessing LLC and Denali Medical Concepts, LLC | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 11/27/2023 | 67.2 | 46.6 | 47.4 | 0.02 % |
| ^Wallace Holdings LLC and GFA International Inc | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.5% | 11/25/2023 | 125.0 | 86.3 | 87.2 | 0.03 % |
| ^AcuCall LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 11/21/2023 | 15.8 | 10.9 | 11.0 | — % |
| ^Kids in Motion of Springfield LLC dba The Little Gym of Springfield IL | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 11/18/2023 | 45.0 | 31.8 | 32.4 | 0.01 % |
| ^Yousef Khatib dba Y&M Enterprises | Wholesale Electronic Markets and Agents and Brokers | Term Loan | Prime plus 2.75% | 11/15/2023 | 75.0 | 52.0 | 52.9 | 0.02 % |
| ^Howell Gun Works LLC | Sporting Goods, Hobby, Musical Instrument, and Book Stores | Term Loan | Prime plus 2.75% | 11/14/2023 | 8.3 | 4.6 | 4.7 | — % |
| ^Polpo Realty, LLC and Polpo Restaurant, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/6/2038 | 62.5 | 57.8 | 62.9 | 0.02 % |
| ^Twinsburg Hospitality Group LLC dba Comfort Suites | Accommodation | Term Loan | Prime plus 2.75% | 10/31/2038 | 945.0 | 878.8 | 952.4 | 0.37 % |
| ^Mid-Land Sheet Metal Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 10/31/2038 | 137.5 | 127.6 | 138.6 | 0.05 % |

Field: Page; Sequence: 69

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 61 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Master CNC Inc & Master Properties LLC | Industry — Professional, Scientific, and Technical Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 10/31/2038 | 596.6 | 552.6 | 597.6 | 0.23 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Janice B. McShan and The Metropolitan Day School, LLC | Social Assistance | Term Loan | Prime plus 2.75% | 10/31/2023 | 42.7 | 30.1 | 31.0 | 0.01 % |
| ^1 North Restaurant Corp dba 1 North Steakhouse | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 10/31/2038 | 212.5 | 196.8 | 213.9 | 0.08 % |
| ^New Image Building Services Inc. dba New Image Repair Services | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/29/2023 | 331.2 | 227.0 | 231.5 | 0.09 % |
| ^Greenbrier Technical Services, Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/24/2023 | 240.1 | 150.0 | 154.3 | 0.06 % |
| ^Clairvoyant Realty Corp. and Napoli Marble & Granite Design, Ltd | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 10/24/2038 | 246.3 | 228.1 | 247.0 | 0.10 % |
| ^Kelly Auto Care LLC dba Shoreline Quick Lube and Car Wash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/18/2023 | 87.5 | 60.0 | 61.2 | 0.02 % |
| ^First Steps Real Estate Company, LLC and First Steps Preschool | Social Assistance | Term Loan | Prime plus 2.75% | 9/30/2038 | 97.6 | 90.2 | 97.5 | 0.04 % |
| ^Lenoir Business Partners LLC (EPC) LP Industries, Inc dba Childforms | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 9/30/2038 | 322.7 | 273.2 | 296.6 | 0.12 % |
| ^Top Properties LLC and LP Industries, Inc dba Childforms | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 9/30/2038 | 120.0 | 111.4 | 121.1 | 0.05 % |
| ^Onofrios Enterprises LLC and Onofrios Fresh Cut, Inc | Food Manufacturing | Term Loan | Prime plus 2.75% | 9/30/2038 | 312.5 | 289.9 | 314.6 | 0.12 % |
| ^Discount Wheel and Tire | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 9/30/2038 | 223.8 | 206.7 | 223.9 | 0.09 % |
| ^Cencon Properties LLC and Central Connecticut Warehousing Company, Inc | Warehousing and Storage | Term Loan | Prime plus 2.75% | 9/30/2038 | 344.5 | 318.7 | 346.5 | 0.14 % |
| ^Gabrielle Realty, LLC | Gasoline Stations | Term Loan | Prime plus 2.75% | 9/27/2038 | 757.6 | 699.8 | 757.9 | 0.30 % |
| ^Mitchellville Family Dentistry, Dr. Octavia Simkins-Wiseman DDS PC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/27/2038 | 335.1 | 309.5 | 335.6 | 0.13 % |
| ^Anthony C Dinoto and Susan S P Dinoto and Anthony C Dinoto Funeral Home | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/26/2038 | 100.0 | 92.4 | 100.4 | 0.04 % |
| ^Eastside Soccer Dome, Inc . | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/26/2038 | 463.7 | 428.3 | 465.7 | 0.18 % |
| ^HJ & Edward Enterprises, LLC dba Sky Zone | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/26/2023 | 262.5 | 183.7 | 188.3 | 0.07 % |
| ^Southeast Chicago Soccer, Inc. | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/26/2038 | 51.3 | 47.3 | 51.5 | 0.02 % |

Field: Page; Sequence: 70

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 62 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Kiddie Steps 4 You Inc. | Industry — Social Assistance | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/25/2038 | 89.2 | 83.5 | 90.3 | 0.04 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Diamond Memorials Incorporated | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/25/2023 | 14.2 | 8.5 | 8.6 | — % |
| ^Serious-Fun in Alpharetta, LLC dba The Little Gym of Alpharetta | Educational Services | Term Loan | Prime plus 2.75% | 9/20/2023 | 46.2 | 31.5 | 32.1 | 0.01 % |
| ^Faith Memorial Chapel LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/20/2038 | 268.4 | 248.3 | 269.2 | 0.11 % |
| ^Westville Seafood LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/19/2038 | 112.3 | 103.7 | 112.4 | 0.04 % |
| ^Maynard Enterprises Inc dba Fastsigns of Texarkana | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 9/18/2023 | 16.0 | 11.0 | 11.2 | — % |
| ^Grafio Inc dba Omega Learning Center-Acworth | Educational Services | Term Loan | Prime plus 2.75% | 9/13/2023 | 156.2 | 112.4 | 114.5 | 0.04 % |
| ^Sound Manufacturing Inc | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/12/2028 | 54.8 | 44.9 | 46.8 | 0.02 % |
| ^The Berlerro Group, LLC dba Sky Zone | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/12/2023 | 421.3 | 295.0 | 300.3 | 0.12 % |
| ^Prospect Kids Academy Inc | Educational Services | Term Loan | Prime plus 2.75% | 9/11/2038 | 124.3 | 114.8 | 124.6 | 0.05 % |
| ^Alma J. and William R. Walton (EPC) and Almas Child Day Care Center | Social Assistance | Term Loan | Prime plus 2.75% | 9/11/2038 | 39.5 | 36.5 | 39.7 | 0.02 % |
| ^B for Brunette dba Blo | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/10/2023 | 53.4 | 36.6 | 37.2 | 0.01 % |
| ^Schmaltz Holdings, LLC and Schmaltz Operations, LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/4/2038 | 224.2 | 205.8 | 223.0 | 0.09 % |
| ^Excel RP Inc | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 8/30/2023 | 130.2 | 87.3 | 89.7 | 0.04 % |
| ^IlOKA Inc dba Microtech Tel and NewCloud Networks | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/30/2023 | 687.5 | 460.7 | 470.0 | 0.18 % |
| ^ACI Northwest Inc. | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 8/30/2023 | 906.3 | 410.9 | 422.2 | 0.17 % |
| ^Gulfport Academy Child Care and Learning Center, Inc. and Jennifer Sis | Social Assistance | Term Loan | Prime plus 2.75% | 8/30/2023 | 43.3 | 29.0 | 29.8 | 0.01 % |
| ^Ramard Inc and Advanced Health Sciences Inc | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 8/28/2023 | 187.5 | 125.7 | 127.4 | 0.05 % |
| ^RM Hawkins LLC dba Pure Water Tech West and Robert M Hawkins | Nonstore Retailers | Term Loan | Prime plus 2.75% | 8/26/2023 | 85.8 | 54.3 | 55.8 | 0.02 % |

Field: Page; Sequence: 71

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 63 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^JSIL LLC dba Blackstones Hairdressing | Industry — Personal and Laundry Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 8/16/2023 | 19.5 | 12.9 | 13.1 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Island Nautical Enterprises, Inc. and Ingwall Holdings, LLC | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 8/14/2038 | 445.0 | 320.9 | 347.1 | 0.14 % |
| ^Caribbean Concepts, Inc. dba Quick Bleach | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 8/12/2023 | 22.5 | 15.1 | 15.4 | 0.01 % |
| ^Majestic Contracting Services, Inc. dba Majestic Electric and Majestic | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 7/26/2038 | 190.0 | 174.8 | 189.3 | 0.07 % |
| ^Daniel W and Erin H Gordon and Silver Lining Stables CT, LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 7/24/2023 | 11.2 | 7.7 | 7.9 | — % |
| ^Angkor Restaurant Inc | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/19/2038 | 93.0 | 85.7 | 93.1 | 0.04 % |
| ^Harbor Ventilation Inc and Estes Investment, LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 7/19/2038 | 92.1 | 3.8 | 4.1 | — % |
| ^Tri County Heating and Cooling Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 7/19/2023 | 87.8 | 58.1 | 59.7 | 0.02 % |
| ^Morning Star Trucking LLC and Morning Star Equipment and Leasing LLC | Truck Transportation | Term Loan | Prime plus 2.75% | 7/17/2023 | 53.7 | 35.6 | 36.1 | 0.01 % |
| ^Maxiflex LLC | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 6/28/2023 | 153.5 | 100.0 | 102.7 | 0.04 % |
| ^GIA Realty LLC and VRAJ GIA LLC dba Lakeview Laundromat | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/28/2038 | 97.5 | 89.5 | 97.2 | 0.04 % |
| ^JRA Holdings LLC (EPC) Jasper County Cleaners Inc dba Superior Cleaner | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/28/2038 | 121.0 | 109.6 | 119.1 | 0.05 % |
| ^2161 Highway 6 Trail, LLC and R. H. Hummer JR., Inc. | Truck Transportation | Term Loan | Prime plus 2.75% | 6/19/2026 | 1,250.0 | 722.4 | 751.3 | 0.29 % |
| ^Blakeslee Arpaia Chapman, Inc. dba Blakeslee Industrial Services | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 6/18/2028 | 875.0 | 705.0 | 739.2 | 0.29 % |
| ^KDP LLC and KDP Investment Advisors, Inc and KDP Asset Management, Inc | Securities, Commodity Contracts, and Other Financial Investments and Related Activities | Term Loan | Prime plus 2.75% | 6/14/2023 | 343.8 | 225.0 | 228.4 | 0.09 % |
| ^Elite Structures Inc | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 6/12/2038 | 932.8 | 835.3 | 907.4 | 0.35 % |
| ^Willowbrook Properties LLC Grove Gardens Landscaping Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/5/2038 | 186.3 | 171.1 | 185.5 | 0.07 % |
| ^Absolute Desire LLC and Mark H. Szierer Sophisticated Smile | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/5/2038 | 188.3 | 173.0 | 186.9 | 0.07 % |
| ^RXSB, Inc dba Medicine Shoppe | Health and Personal Care Stores | Term Loan | Prime plus 2.75% | 5/30/2023 | 186.3 | 120.5 | 122.1 | 0.05 % |

Field: Page; Sequence: 72

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 64 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Gregory P Jellenek OD and Associates PC dba Gregory P Jellenek OD | Industry — Ambulatory Health Care Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 5/28/2023 | 63.5 | 41.6 | 42.5 | 0.02 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Ryan D. Thornton and Thornton & Associates LLC | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 5/24/2023 | 68.7 | 32.2 | 32.6 | 0.01 % |
| ^PowerWash Plus, Inc. and CJR, LLC | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/30/2038 | 550.0 | 503.8 | 545.2 | 0.21 % |
| ^Peanut Butter & Co., Inc. | Food Manufacturing | Term Loan | Prime plus 2.75% | 4/30/2023 | 100.0 | 63.5 | 64.4 | 0.03 % |
| ^Brothers International Desserts | Food Manufacturing | Term Loan | Prime plus 2.75% | 4/26/2023 | 230.0 | 146.9 | 150.2 | 0.06 % |
| ^Kidrose, LLC dba Kidville Riverdale | Educational Services | Term Loan | Prime plus 2.75% | 4/22/2023 | 78.7 | 50.9 | 51.9 | 0.02 % |
| ^1258 Hartford TPKE, LLC and Phelps and Sons, Inc | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 3/29/2038 | 124.6 | 113.7 | 123.8 | 0.05 % |
| ^Capital Scrap Metal, LLC and Powerline Investment, LLC | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 3/29/2038 | 500.0 | 434.7 | 474.2 | 0.19 % |
| ^MRM Supermarkets Inc dba Constantins Breads; Dallas Gourmet Breads | Food Manufacturing | Term Loan | Prime plus 2.75% | 3/29/2038 | 336.0 | 307.2 | 334.1 | 0.13 % |
| ^Neyra Industries, Inc. and Edward Neyra | Nonmetallic Mineral Product Manufacturing | Term Loan | Prime plus 2.75% | 3/27/2023 | 217.5 | 137.2 | 140.9 | 0.06 % |
| ^A & M Commerce, Inc. dba Cranberry Sunoco | Gasoline Stations | Term Loan | Prime plus 2.75% | 3/27/2038 | 330.3 | 301.3 | 328.4 | 0.13 % |
| ^Xela Pack, Inc. and Aliseo and Catherine Gentile | Paper Manufacturing | Term Loan | Prime plus 2.75% | 3/27/2028 | 271.8 | 215.4 | 226.5 | 0.09 % |
| ^American Diagnostic Imaging, Inc. dba St. Joseph Imaging Center | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 3/25/2038 | 537.4 | 490.6 | 534.2 | 0.21 % |
| ^Michael A.and HeatherR. Welsch dba Art & FrameEtc. | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 3/22/2038 | 67.5 | 61.6 | 67.1 | 0.03 % |
| ^M & H Pine Straw Inc and Harris L. Maloy | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 3/21/2023 | 288.7 | 198.8 | 204.1 | 0.08 % |
| ^Truth Technologies Inc dba Truth Technologies Inc. | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/21/2023 | 79.5 | 50.1 | 51.3 | 0.02 % |
| ^J. Kinderman & Sons Inc., dba BriteStar Inc. | Electrical Equipment, Appliance, and Component Manufacturing | Term Loan | Prime plus 2.75% | 3/20/2023 | 181.2 | 116.7 | 119.9 | 0.05 % |
| ^Stellar Environmental LLC | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 3/18/2023 | 56.3 | 35.5 | 36.5 | 0.01 % |
| ^Sound Manufacturing, Inc. and Monster Power Equipment Inc. | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 3/15/2023 | 523.0 | 328.5 | 336.9 | 0.13 % |

Field: Page; Sequence: 73

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 65 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Golden Gate Lodging LLC | Industry — Accommodation | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 3/12/2038 | 115.0 | 105.0 | 114.4 | 0.04 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Bakhtar Group LLC dba Malmaison | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/28/2023 | 103.8 | 65.2 | 66.6 | 0.03 % |
| ^River Club Golf Course Inc dba The River Club | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 2/28/2038 | 475.2 | 432.8 | 471.5 | 0.18 % |
| ^Osceola River Mill, LLC and Ironman Machine, Inc. | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 2/20/2038 | 86.2 | 78.6 | 85.6 | 0.03 % |
| ^Java Warung, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/19/2038 | 51.0 | 46.5 | 50.7 | 0.02 % |
| ^Nancy & Karl Schmidt(EPC) Moments to Remember USA, LLC | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 2/15/2038 | 106.2 | 96.8 | 105.5 | 0.04 % |
| ^Outcome Driven Innovation, Inc. dba ODI | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 2/12/2023 | 84.9 | 52.2 | 53.3 | 0.02 % |
| ^Knits R Us, Inc. dba NYC Sports / Mingle | Textile Mills | Term Loan | Prime plus 2.75% | 2/11/2038 | 125.0 | 114.0 | 124.4 | 0.05 % |
| ^North Country Transport, LLC | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 2/6/2023 | 15.0 | 9.3 | 9.6 | — % |
| ^MJD Investments, LLC dba The Community Day School | Social Assistance | Term Loan | Prime plus 2.75% | 1/31/2038 | 258.2 | 234.8 | 255.7 | 0.10 % |
| ^Sherill Universal City dba Golden Corral | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/28/2038 | 440.5 | 402.0 | 437.8 | 0.17 % |
| ^Macho LLC Madelaine Chocolate Novelties Inc | Food Manufacturing | Term Loan | Prime plus 2.75% | 12/31/2037 | 500.0 | 455.9 | 497.0 | 0.19 % |
| ^Elegant Fireplace Mantels, Inc. dba Elegant Fireplace Mantels | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/31/2022 | 97.5 | 59.2 | 60.5 | 0.02 % |
| ^Babie Bunnie Enterprises Inc dba Triangle Mothercare | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/28/2027 | 46.3 | 32.8 | 34.2 | 0.01 % |
| ^John Duffy Fuel Co., Inc. | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/28/2022 | 513.8 | 312.2 | 320.4 | 0.13 % |
| ^Polpo Realty LLC & Polpo Restaurant LLC dba Polpo Restaurant | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/27/2037 | 517.5 | 470.2 | 512.6 | 0.20 % |
| ^Martin L Hopp, MD PHD A Medical Cor dba Tower ENT | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/21/2022 | 66.3 | 40.0 | 40.9 | 0.02 % |
| ^Ezzo Properties, LLC and Great Lakes Cleaning, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/20/2027 | 389.6 | 303.6 | 317.4 | 0.12 % |
| ^United Woodworking, Inc | Wood Product Manufacturing | Term Loan | 6% | 12/20/2022 | 17.2 | 11.1 | 11.4 | — % |
| ^Pioneer Window Holdings, Inc and Subsidiaries dba Pioneer Windows | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 12/20/2022 | 225.0 | 136.1 | 139.4 | 0.05 % |

Field: Page; Sequence: 74

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 66 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Cheryle A Baptiste and Cheryle Baptiste DDS PLLC | Industry — Ambulatory Health Care Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 11/30/2037 | 286.5 | 262.0 | 285.4 | 0.11 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Daniel Gordon and Erin Gordon and Silver Lining Stables CT, LLC | Support Activities for Agriculture and Forestry | Term Loan | Prime plus 2.75% | 11/28/2037 | 223.8 | 204.2 | 222.6 | 0.09 % |
| ^D&L Rescources, Inc. dba The UPS Store | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 11/27/2022 | 9.8 | 5.8 | 6.0 | — % |
| ^Richmond Hill Mini Market, LLC | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 11/27/2037 | 185.3 | 167.8 | 182.7 | 0.07 % |
| ^DRV Enterprise, Inc. dba Cici's Pizza # 339 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/26/2022 | 65.0 | 36.2 | 37.2 | 0.01 % |
| ^U & A Food and Fuel, Inc. dba Express Gas & Food Mart | Gasoline Stations | Term Loan | Prime plus 2.75% | 11/21/2037 | 96.2 | 87.1 | 95.0 | 0.04 % |
| ^Pioneer Windows Manufacturing Corp, Pioneer Windows | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 11/21/2022 | 275.0 | 164.2 | 168.1 | 0.07 % |
| ^R & J Petroleum LLC Manar USA, Inc. | Gasoline Stations | Term Loan | Prime plus 2.75% | 11/20/2037 | 180.0 | 162.9 | 177.5 | 0.07 % |
| ^St Judes Physical Therapy P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 11/19/2022 | 21.0 | 12.6 | 12.9 | 0.01 % |
| ^Hi-Def Imaging, Inc. dba SpeedPro Imaging | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 11/9/2022 | 22.2 | 13.3 | 13.6 | 0.01 % |
| ^Reidville Hydraulics Mfg Inc dba Summit | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 11/2/2037 | 265.9 | 240.7 | 261.5 | 0.10 % |
| ^Big Apple Entertainment Partners, LLC dba Ripley's Believe It or Not | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 10/26/2022 | 180.0 | 108.9 | 111.1 | 0.04 % |
| ^LA Diner Inc dba Loukas L A Diner | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/28/2037 | 677.5 | 618.7 | 673.8 | 0.26 % |
| ^University Park Retreat, LLC dba Massage Heights | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/27/2022 | 76.0 | 44.2 | 45.3 | 0.02 % |
| ^Forno Italiano Di Nonna Randazzo, LLC dba Nonna Randazzo's Bakery | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 9/26/2037 | 183.8 | 166.9 | 181.5 | 0.07 % |
| ^LaSalle Market and Deli EOK Inc and Rugen Realty LLC dba LaSalle Mark | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/21/2037 | 252.3 | 227.3 | 247.2 | 0.10 % |
| ^O'Rourkes Diner LLC dba O'Rourke's Diner | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/19/2037 | 65.5 | 59.0 | 64.1 | 0.03 % |
| ^AJK Enterprise LLC dba AJK Enterprise LLC | Truck Transportation | Term Loan | Prime plus 2.75% | 8/27/2022 | 16.5 | 9.4 | 9.7 | — % |
| ^New Image Building Services, Inc. dba New Image Repair Services | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/23/2037 | 285.7 | 257.0 | 278.9 | 0.11 % |
| ^Suncoast Aluminum Furniture, Inc | Furniture and Related Product Manufacturing | Term Loan | Prime plus 2.75% | 8/17/2037 | 360.0 | 323.9 | 352.8 | 0.14 % |

Field: Page; Sequence: 75

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 67 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Georgia Safe Sidewalks LLC | Industry — Specialty Trade Contractors | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 7/27/2022 | 15.0 | 8.4 | 8.6 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Hofgard & Co., Inc. dba HofgardBenefits | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 7/27/2022 | 107.2 | 60.7 | 62.1 | 0.02 % |
| ^Central Tire, Inc. dba Cooper Tire & Auto Services | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/29/2037 | 288.5 | 258.1 | 280.4 | 0.11 % |
| ^WPI, LLC | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 6/29/2024 | 129.5 | 84.8 | 87.5 | 0.03 % |
| ^Havana Central (NY) 5, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/29/2022 | 1,166.8 | 736.2 | 753.5 | 0.29 % |
| ^Jenkins-Pavia Corporation dba Victory Lane Quick Oil Change | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/27/2037 | 69.7 | 62.4 | 67.8 | 0.03 % |
| ^KIND-ER-ZZ Inc dba Kidville | Educational Services | Term Loan | Prime plus 2.75% | 6/15/2022 | 50.0 | 27.6 | 28.1 | 0.01 % |
| ^Graphish Studio, Inc. and Scott Fishoff | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/14/2022 | 20.2 | 11.3 | 11.5 | — % |
| ^ALF, LLC (EPC) Mulit-Service Eagle Tires | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 5/31/2037 | 62.9 | 56.2 | 61.1 | 0.02 % |
| ^Craig R Freehauf dba Lincoln Theatre | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 5/31/2022 | 47.9 | 19.4 | 19.9 | 0.01 % |
| ^Lefont Theaters, Inc. | Motion Picture and Sound Recording Industries | Term Loan | Prime plus 2.75% | 5/30/2022 | 137.0 | 75.3 | 77.0 | 0.03 % |
| ^Christou Real Estate Holdings LLC dba Tops American Grill | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/17/2037 | 284.0 | 253.2 | 275.5 | 0.11 % |
| ^Tracey Vita-Morris dba Tracey Vita's School of Dance | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 5/10/2022 | 22.5 | 12.4 | 12.6 | — % |
| ^Bisson Transportation, Inc. | Truck Transportation | Term Loan | Prime plus 2.75% | 5/7/2037 | 588.1 | 550.0 | 597.0 | 0.23 % |
| ^Bisson Moving & Storage Company Bisson Transportation Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 5/7/2022 | 528.7 | 331.6 | 339.3 | 0.13 % |
| ^Fair Deal Food Mart Inc dba Neighbors Market | Gasoline Stations | Term Loan | Prime plus 2.75% | 5/3/2037 | 381.3 | 340.3 | 370.3 | 0.14 % |
| ^Tanner Optical, Inc. dba Murphy Eye Care | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 4/27/2022 | 8.2 | 4.4 | 4.5 | — % |
| ^Zane Filippone Co Inc dba Culligan Water Conditioning | Nonstore Retailers | Term Loan | Prime plus 2.75% | 4/12/2022 | 558.2 | 302.4 | 309.3 | 0.12 % |
| ^Indoor Playgrounds Limited Liability Company dba Kidville | Educational Services | Term Loan | Prime plus 2.75% | 4/5/2022 | 19.5 | 5.8 | 6.0 | — % |

Field: Page; Sequence: 76

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 68 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Access Staffing, LLC | Industry — Administrative and Support Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 3/30/2022 | 187.5 | 99.9 | 101.9 | 0.04 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Brandywine Picnic Park, Inc. and B.Ross Capps & Linda Capps | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 3/30/2031 | 231.5 | 189.5 | 201.9 | 0.08 % |
| ^Willow Springs Golf Course, Inc. & JC Lindsey Family Limited Partners | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 3/29/2037 | 755.4 | 674.1 | 734.2 | 0.29 % |
| ^DC Realty, LLC dba FOGO Data Centers | Professional, Scientific, and Technical Services | Term Loan | 6% | 3/23/2037 | 3,133.8 | 2,623.4 | 2,857.6 | 1.12 % |
| ^DC Realty, LLC dba FOGO Data Centers | Professional, Scientific, and Technical Services | Term Loan | 6.25% | 3/23/2022 | 1,540.0 | 771.7 | 789.6 | 0.31 % |
| ^Manuel P. Barrera and Accura Electrical Contractor, Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 3/23/2028 | 103.7 | 78.9 | 82.8 | 0.03 % |
| ^Shweiki Media, Inc. dba Study Breaks Magazine | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 3/22/2027 | 1,178.8 | 868.8 | 908.9 | 0.36 % |
| ^ATI Jet, Inc. | Air Transportation | Term Loan | Prime plus 2.75% | 12/28/2026 | 852.8 | 604.2 | 631.8 | 0.25 % |
| ^J. Kinderman & Sons, Inc. dba Brite Star Manufacturing Company | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 12/22/2036 | 495.0 | 443.5 | 482.7 | 0.19 % |
| ^K's Salon, LLC d/b/a K's Salon | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/20/2021 | 73.6 | 37.4 | 38.0 | 0.01 % |
| ^15 Frederick Place LLC & Pioneer Windows Holdings Inc & Subs | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 12/16/2021 | 250.0 | 125.1 | 127.7 | 0.05 % |
| ^M & H Pinestraw, Inc. and Harris L. Maloy | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/15/2021 | 238.2 | 135.5 | 138.3 | 0.05 % |
| ^Taylor Transport, Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 12/8/2021 | 515.5 | 157.7 | 161.2 | 0.06 % |
| ^MRM Supermarkets, Inc. dba Constantin's Breads | Food Manufacturing | Term Loan | Prime plus 2.75% | 11/10/2021 | 137.5 | 68.5 | 70.0 | 0.03 % |
| ^K9 Bytes, Inc & Epazz, Inc dba K9 Bytes, Inc | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 10/26/2021 | 58.7 | 29.2 | 29.8 | 0.01 % |
| ^28 Cornelia Street Properties, LLC and Zouk, Ltd. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 10/25/2021 | 22.5 | 11.0 | 11.2 | — % |

Field: Page; Sequence: 77

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 69 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^39581 Garfield, LLC and Tri County Neurological Associates, P.C. | Industry — Ambulatory Health Care Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/30/2036 | 83.3 | 72.9 | 79.2 | 0.03 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^PTK, Incorporated dba Night N Day 24 HR Convenience Store | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 9/30/2036 | 137.5 | 120.5 | 131.0 | 0.05 % |
| ^Robert E. Caves, Sr. and American Plank dba Caves Enterprises | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 9/30/2021 | 302.5 | 145.3 | 148.3 | 0.06 % |
| ^39581 Garfield, LLC and Tricounty Neurological Associates, P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/30/2036 | 28.4 | 24.8 | 26.9 | 0.01 % |
| ^Big Apple Entertainment Partners, LLC dba Ripley's Believe it or Not | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/28/2021 | 1,070.0 | 507.7 | 516.6 | 0.20 % |
| ^Equity National Capital LLC & Chadbourne Road Capital, LLC | Securities, Commodity Contracts, and Other Financial Investments and Related Activities | Term Loan | Prime plus 2.75% | 9/26/2021 | 62.5 | 30.1 | 30.7 | 0.01 % |
| ^Bryan Bantry Inc. | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 9/8/2021 | 400.0 | 40.3 | 41.0 | 0.02 % |
| ^Michael S. Decker & Janet Decker dba The Hen House Cafe | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/30/2036 | 16.4 | 14.3 | 15.5 | 0.01 % |
| ^Qycell Corporation | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 8/19/2021 | 187.5 | 83.7 | 85.3 | 0.03 % |
| ^Trademark Equipment Company Inc and David A. Daniel | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 8/19/2036 | 133.6 | 116.8 | 126.9 | 0.05 % |
| ^Valiev Ballet Academy, Inc | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 8/12/2036 | 91.5 | 37.1 | 40.3 | 0.02 % |
| ^A & A Auto Care, LLC dba A & A Auto Care, LLC | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/12/2036 | 101.0 | 89.0 | 96.8 | 0.04 % |
| ^LaHoBa, LLC dba Papa John's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/3/2036 | 77.5 | 67.3 | 73.2 | 0.03 % |
| ^Kelly Chon LLC dba Shi-Golf | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 7/29/2021 | 17.5 | 4.7 | 4.8 | — % |
| ^MTV Bowl, Inc. dba Legend Lanes | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/30/2036 | 248.5 | 218.4 | 237.0 | 0.09 % |
| ^Lavertue Properties LLP dba Lavertue Properties | Securities, Commodity Contracts, and Other Financial Investments and Related Activities | Term Loan | Prime plus 2.75% | 6/29/2036 | 44.7 | 39.1 | 42.5 | 0.02 % |
| ^Lisle Lincoln II Limited Partnership dba Lisle Lanes LP | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/29/2036 | 338.1 | 305.9 | 332.2 | 0.13 % |
| ^Pierce Developments, Inc. dba Southside Granite | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/13/2036 | 256.1 | 222.7 | 241.5 | 0.09 % |
| ^Major Queens Body & Fender Corp | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/10/2021 | 28.6 | 13.0 | 13.2 | 0.01 % |
| ^J&K Fitness, LLC dba Physiques Womens Fitness Center | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/8/2036 | 449.3 | 401.0 | 435.4 | 0.17 % |

Field: Page; Sequence: 78

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 70 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Peanut Butter & Co., Inc. d/b/a Peanut Butter & Co. | Industry — Merchant Wholesalers, Nondurable Goods | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 6/3/2021 | 65.5 | 28.5 | 29.0 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Demand Printing Solutions, Inc. and MLM Enterprises, LLC | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 5/27/2021 | 16.5 | 7.3 | 7.5 | — % |
| ^Modern on the Mile, LLC dba Ligne Roset | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 5/25/2021 | 212.5 | 93.5 | 95.1 | 0.04 % |
| ^Profile Performance, Inc. and Eidak Real Estate, L.L.C. | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/20/2036 | 127.5 | 110.3 | 119.9 | 0.05 % |
| ^Northwind Outdoor Recreation, Inc. dba Red Rock Wilderness Store | Nonstore Retailers | Term Loan | Prime plus 2.75% | 4/18/2036 | 129.5 | 114.1 | 124.0 | 0.05 % |
| ^Michael S. Korfe dba North Valley Auto Repair | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/24/2036 | 15.5 | 13.4 | 14.5 | 0.01 % |
| ^Actknowledge,Inc dba Actknowledge | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 3/21/2021 | 57.3 | 24.5 | 25.0 | 0.01 % |
| ^Key Products I&II, Inc. dba Dunkin' Donuts/Baskin-Robbins | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 3/10/2021 | 153.0 | 65.6 | 66.8 | 0.03 % |
| ^Stephen Frank, Patricia Frank and Suds Express LLC dba Frank Chiropra | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 2/25/2023 | 63.0 | 32.5 | 33.5 | 0.01 % |
| ^SuzyQue’s LLC dba Suzy Que’s | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/11/2036 | 61.0 | 52.7 | 57.3 | 0.02 % |
| ^Little People’s Village, LLC dba Little People’s Village | Social Assistance | Term Loan | Prime plus 2.75% | 1/31/2036 | 31.1 | 26.7 | 29.0 | 0.01 % |
| ^Seagate Group Holdings, Inc. dba Seagate Logistics, Inc. | Support Activities for Transportation | Term Loan | Prime plus 2.75% | 1/28/2036 | 113.4 | 97.4 | 105.9 | 0.04 % |
| ^Patrageous Enterprises, LLC dba Incredibly Edible Delites of Laurel | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 12/29/2020 | 7.6 | 2.9 | 3.0 | — % |
| Dixie Transport, Inc. & Johnny D. Brown & Jimmy Brown & Maudain Brown | Support Activities for Transportation | Term Loan | 5.25% | 12/28/2035 | 145.9 | 131.7 | 143.0 | 0.06 % |
| Groundworks Unlimited LLC | Specialty Trade Contractors | Term Loan | 6% | 12/17/2023 | 120.0 | 74.1 | 76.6 | 0.03 % |
| ^Shree OM Lodging, LLC dba Royal Inn | Accommodation | Term Loan | Prime plus 2.75% | 12/17/2035 | 27.7 | 23.7 | 25.8 | 0.01 % |
| ^Lodin Medical Imaging, LLC dba Watson Imaging Center | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/1/2020 | 66.4 | 26.2 | 26.6 | 0.01 % |
| ^Robert F. Schuler and Lori A. Schuler dba Bob’s Service Center | Repair and Maintenance | Term Loan | Prime plus 2.75% | 11/30/2035 | 34.0 | 29.1 | 31.6 | 0.01 % |
| ^West Cobb Enterprises, Inc and Advanced Eye Associates, L.L.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 11/12/2035 | 148.7 | 127.2 | 138.1 | 0.05 % |
| ^Lincoln Park Physical Therapy | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 10/20/2020 | 43.5 | 14.2 | 14.5 | 0.01 % |

Field: Page; Sequence: 79

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 71 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^K9 Bytes, Inc & Epazz, Inc | Industry — Publishing Industries (except Internet) | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/30/2020 | 18.5 | 7.0 | 7.1 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Elan Realty, LLC and Albert Basse Asociates, Inc. | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 9/30/2035 | 228.2 | 194.1 | 210.6 | 0.08 % |
| ^Success Express,Inc. dba Success Express | Couriers and Messengers | Term Loan | Prime plus 2.75% | 9/29/2020 | 91.8 | 33.6 | 34.1 | 0.01 % |
| ^Modern Manhattan, LLC | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 9/20/2020 | 204.0 | 76.2 | 77.4 | 0.03 % |
| ^Dirk's Trucking, L.L.C. dba Dirk's Trucking | Truck Transportation | Term Loan | Prime plus 2.75% | 9/17/2020 | 17.7 | 6.4 | 6.5 | — % |
| ^Rudy & Louise Chavez dba Clyde's Auto and Furniture Upholstery | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/2/2035 | 50.1 | 42.5 | 46.1 | 0.02 % |
| ^Newsome Trucking Inc and Kevin Newsome | Truck Transportation | Term Loan | Prime plus 2.75% | 9/2/2035 | 423.1 | 206.1 | 223.6 | 0.09 % |
| ^California College of Communications, Inc. | Educational Services | Term Loan | Prime plus 2.75% | 11/2/2020 | 172.5 | 66.0 | 67.1 | 0.03 % |
| ^DDLK Investments LLC dba Smoothie King | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/30/2020 | 7.5 | 1.7 | 1.7 | — % |
| ^Members Only Software | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/30/2020 | 40.2 | 14.3 | 14.5 | 0.01 % |
| ^ActKnowledge,Inc dba ActKnowledge | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/30/2020 | 50.0 | 17.3 | 17.6 | 0.01 % |
| ^I-90 RV & Auto Supercenter | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 6/29/2035 | 74.9 | 63.1 | 68.5 | 0.03 % |
| ^Zouk, Ltd. dba Palma | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/25/2020 | 27.5 | 9.9 | 10.1 | — % |
| ^CJ Park Inc. dba Kidville Midtown West | Educational Services | Term Loan | Prime plus 2.75% | 6/25/2020 | 26.4 | 7.2 | 7.3 | — % |
| ^Tanner Optical Inc. dba Murphy Eye Care | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/22/2035 | 94.6 | 80.2 | 86.9 | 0.03 % |
| ^M & H Pine Straw, Inc.and Harris Maloy | Support Activities for Agriculture and Forestry | Term Loan | Prime plus 2.75% | 7/10/2020 | 67.5 | 28.2 | 28.6 | 0.01 % |
| ^Excel RP, Inc./Kevin and Joann Foley | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 7/8/2028 | 50.0 | 36.2 | 38.2 | 0.01 % |
| ValleyStar, Inc. dba BrightStar HealthCare | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/28/2020 | 6.1 | 2.1 | 2.1 | — % |
| ^ValleyStar, Inc. dba BrightStar Healthcare | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/28/2020 | 7.5 | 2.6 | 2.6 | — % |
| ^Diag, LLC dba Kidville | Educational Services | Term Loan | Prime plus 2.75% | 6/21/2020 | 37.5 | 12.5 | 12.7 | — % |

Field: Page; Sequence: 80

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 72 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^M & H Pine Straw, Inc and Harris L. Maloy | Industry — Support Activities for Agriculture and Forestry | Type
of Investment — Term Loan | Interest Rate (2) — 6% | Maturity — 4/30/2020 | 183.3 | 57.0 | 57.9 | 0.02 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^New Economic Methods LLC dba Rita's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/15/2020 | 24.8 | 0.6 | 0.6 | — % |
| ^Cocoa Beach Parasail Corp. dba Cocoa Beach Parasail | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 4/26/2020 | 6.3 | 2.0 | 2.0 | — % |
| ^Lahoba,LLC dba Papa John's Pizza | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/30/2034 | 42.5 | 35.4 | 38.3 | 0.01 % |
| ^Animal Intrusion Prevention Systems Holding Company, LLC | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/29/2024 | 126.5 | 26.6 | 27.5 | 0.01 % |
| ^David A. Nusblatt, D.M.D, P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/11/2019 | 9.0 | 2.5 | 2.6 | — % |
| ^CMA Consulting dba Construction Management Associates | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/11/2019 | 58.5 | 14.9 | 15.1 | 0.01 % |
| ^KMC RE, LLC & B&B Kennels | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 11/19/2034 | 58.3 | 48.4 | 52.4 | 0.02 % |
| ^Demand Printing Solutions, Inc. | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 12/12/2019 | 10.0 | 2.8 | 2.8 | — % |
| ^Demand Printing Solutions, Inc | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 10/29/2034 | 147.5 | 122.0 | 132.1 | 0.05 % |
| Rover Repairs | Repair and Maintenance | Term Loan | Prime plus 2.5% | 11/28/2029 | 72.5 | 52.1 | 37.8 | 0.01 % |
| ^Supreme Screw Products | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 4/17/2019 | 308.2 | 60.8 | 61.3 | 0.02 % |
| ^Gray Tree Service, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/18/2018 | 50.0 | 7.4 | 7.5 | — % |
| ^Gourmet to You, Inc. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/28/2019 | 12.1 | 2.4 | 2.4 | — % |
| ^The Alba Financial Group, Inc. | Securities, Commodity Contracts, and Other Financial Investments and Related Activities | Term Loan | 6% | 1/10/2019 | 22.5 | 10.2 | 10.3 | — % |
| ^Grapevine Professional Services, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/22/2019 | 8.2 | 1.3 | 1.3 | — % |
| ^Inflate World Corporation | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/30/2018 | 7.5 | 0.7 | 0.8 | — % |
| ^Peter Thomas Roth Labs LL | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 9/26/2018 | 425.0 | 54.5 | 54.8 | 0.02 % |
| ^CBA D&A Pope, LLC dba Christian Brothers Automotive | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/14/2018 | 144.9 | 15.5 | 15.6 | 0.01 % |

Field: Page; Sequence: 81

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 73 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Gilbert Chiropractic Clinic, Inc. | Industry — Ambulatory Health Care Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 6/7/2018 | 22.5 | 0.5 | 0.5 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^D & D's Divine Beauty School of Esther, LLC | Educational Services | Term Loan | 6% | 8/1/2031 | 57.7 | 49.6 | 53.0 | 0.02 % |
| Bwms Management, LLC | Food Services and Drinking Places | Term Loan | —% | 3/1/2018 | 5.1 | 0.2 | 0.2 | — % |
| Bliss Coffee and Wine Bar, LLC | Food Services and Drinking Places | Term Loan | 6% | 8/31/2019 | 87.5 | 68.6 | 69.4 | 0.03 % |
| ^Zog Inc. | Other Information Services | Term Loan | 6% | 3/17/2018 | 97.5 | 52.0 | 52.2 | 0.02 % |
| ^Saan M.Saelee dba Saelee's Delivery Service | Truck Transportation | Term Loan | Prime plus 2.75% | 3/12/2018 | 9.8 | 0.7 | 0.7 | — % |
| Integrity Sports Group, LLC | Performing Arts, Spectator Sports, and Related Industries | Term Loan | 6% | 3/6/2018 | 75.0 | 30.9 | 31.0 | 0.01 % |
| ^Enewhere Custom Canvas, LLC | Textile Product Mills | Term Loan | Prime plus 2.75% | 2/15/2018 | 12.0 | 0.8 | 0.8 | — % |
| ^A & A Acquisition, Inc. dba A & A International | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 2/15/2018 | 100.0 | 4.3 | 4.3 | — % |
| ^All American Printing | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 10/26/2032 | 69.7 | 36.5 | 39.3 | 0.02 % |
| ^Seo's Paradise Cleaners, Inc. | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 1/19/2018 | 9.7 | 0.2 | 0.2 | — % |
| Connect Litigation Technology, Inc. | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2% | 10/18/2025 | 150.6 | 25.8 | 18.4 | 0.01 % |
| ^Margab, Inc. dba Smoothie King | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/28/2017 | 44.0 | 1.4 | 1.4 | — % |
| ^RCB Enterprises, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/18/2017 | 21.1 | 0.9 | 0.9 | — % |
| ^Tammy's Bakery, Inc. dba Tammy's Bakery | Food Manufacturing | Term Loan | Prime plus 2.75% | 12/10/2017 | 71.8 | 3.1 | 3.1 | — % |
| ^Kings Laundry,LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 10/30/2017 | 64.5 | 0.7 | 0.7 | — % |
| ^1911 East Main Street Holdings, Corp | Repair and Maintenance | Term Loan | Prime plus 2.75% | 5/18/2032 | 15.8 | 12.0 | 12.9 | 0.01 % |
| ^Water Works Laundromat, LLC | Personal and Laundry Services | Term Loan | Prime plus 2.25% | 9/7/2027 | 267.3 | 173.3 | 178.1 | 0.07 % |
| ^Dave Kris, and MDK Ram Corp. | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 2/5/2026 | 52.6 | 30.2 | 31.6 | 0.01 % |
| ^Gill Express Inc. dba American Eagle Truck Wash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 1/5/2027 | 286.9 | 177.3 | 186.0 | 0.07 % |

Field: Page; Sequence: 82

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 74 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Smooth Grounds, Inc. | Industry — Food Services and Drinking Places | Type
of Investment — Term Loan | Interest Rate (2) — 7.75% | Maturity — 12/31/2018 | 64.5 | 28.3 | 28.5 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Fran-Car Corporation dba Horizon Landscape Management | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/3/2028 | 244.7 | 65.7 | 69.2 | 0.03 % |
| ^Head To Toe Personalized Pampering, Inc. | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 1/27/2031 | 12.0 | 8.7 | 9.3 | — % |
| ^Christopher F. Bohon & Pamela D. Bohon | Social Assistance | Term Loan | Prime plus 2.75% | 10/28/2026 | 5.1 | 3.1 | 3.2 | — % |
| Mogas Limited | Gasoline Stations | Term Loan | Prime plus 2.75% | 5/31/2030 | 100.0 | 70.7 | 54.0 | 0.02 % |
| ^Shree Om Lodging, LLC dba Royal Inn | Accommodation | Term Loan | Prime plus 2.75% | 5/2/2030 | 76.9 | 62.4 | 66.3 | 0.03 % |
| ^Pedzik's Pets, LLC | Support Activities for Agriculture and Forestry | Term Loan | Prime plus 2.75% | 3/31/2030 | 12.3 | 8.7 | 9.2 | — % |
| ^Nancy Carapelluci & A & M Seasonal Corner Inc. | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 3/1/2025 | 25.1 | 13.5 | 14.0 | 0.01 % |
| Patricia Hughes Jones, MD PC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 1/13/2020 | 18.0 | 4.1 | 2.9 | — % |
| ^Moonlight Multi Media Production, Inc. | Other Information Services | Term Loan | 5.3% | 2/1/2025 | 7.0 | 2.9 | 3.0 | — % |
| David M. Goens dba Superior Auto Paint & Body, Inc. | Repair and Maintenance | Term Loan | 6% | 8/26/2024 | 32.2 | 16.3 | 16.9 | 0.01 % |
| ^McCallister Venture Group, LLC and Maw's Vittles, Inc. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/30/2029 | 17.2 | 11.1 | 11.8 | — % |
| ^Computer Renaissance dba Dante IT Services, Inc. | Electronics and Appliance Stores | Term Loan | Prime plus 3.75% | 3/1/2018 | 13.5 | 0.6 | 0.6 | — % |
| ^Chong Hun Im dba Kim's Market | Food and Beverage Stores | Term Loan | Prime plus 2.5% | 2/27/2024 | 18.3 | 8.6 | 8.8 | — % |
| Whirlwind Car Wash, Inc. | Repair and Maintenance | Term Loan | Prime plus 2% | 4/9/2029 | 76.9 | 65.2 | 66.5 | 0.03 % |
| ^West Experience,Inc/West Mountain Equipment Rental,Inc/Ski West Lodge | Amusement, Gambling, and Recreation Industries | Term Loan | 6% | 6/5/2026 | 1,076.7 | 836.0 | 874.3 | 0.34 % |
| ^Center-Mark Car Wash, Ltd | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 5/18/2024 | 52.3 | 25.6 | 26.5 | 0.01 % |
| ^Shuttle Car Wash, Inc. dba Shuttle Car Wash | Repair and Maintenance | Term Loan | Prime plus 2.25% | 11/10/2028 | 25.3 | 16.4 | 17.0 | 0.01 % |
| ^Min Hui Lin | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/30/2028 | 28.8 | 16.6 | 17.5 | 0.01 % |
| ^Delta Partners, LLC dba Delta Carwash | Repair and Maintenance | Term Loan | Prime plus 2.5% | 4/5/2029 | 61.1 | 40.8 | 42.6 | 0.02 % |
| ^Auto Sales, Inc. | Motor Vehicle and Parts Dealers | Term Loan | 6% | 8/17/2023 | 17.2 | 7.0 | 7.3 | — % |

Field: Page; Sequence: 83

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 75 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^B & J Manufacturing Corporation and Benson Realty Trust | Industry — Fabricated Metal Product Manufacturing | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2% | Maturity — 3/30/2021 | 57.2 | 16.6 | 16.7 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^RAB Services, Inc. & Professional Floor Installations | Specialty Trade Contractors | Term Loan | Prime plus 2.5% | 1/31/2023 | 14.3 | 6.3 | 6.4 | — % |
| ^Taste of Inverness, Inc. dba China Garden | Food Services and Drinking Places | Term Loan | Prime plus 2% | 6/29/2025 | 16.9 | 8.2 | 8.3 | — % |
| ^Ralph Werner dba Werner Transmissions | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/29/2021 | 6.0 | 2.0 | 2.1 | — % |
| ^M. Krishna, Inc. dba Super 8 Motel | Accommodation | Term Loan | Prime plus 2% | 3/20/2025 | 53.2 | 8.8 | 8.9 | — % |
| ^Robin C. & Charles E. Taylor & Brigantine Aquatic Center LLC | Amusement, Gambling, and Recreation Industries | Term Loan | 6% | 9/14/2023 | 39.8 | 30.1 | 31.1 | 0.01 % |
| ^OrthoQuest, P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2% | 3/12/2022 | 13.0 | 3.7 | 3.7 | — % |
| ^CPN Motel, L.L.C. dba American Motor Lodge | Accommodation | Term Loan | Prime plus 2.25% | 4/30/2024 | 68.1 | 28.2 | 28.8 | 0.01 % |
| ^Track Side Collision & Tire, Inc. | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 6/16/2025 | 10.2 | 4.6 | 4.7 | — % |
| ^Duttakrupa, LLC dba Birmingham Motor Court | Accommodation | Term Loan | Prime plus 2.25% | 9/8/2023 | 22.6 | 11.1 | 11.3 | — % |
| ^Deesha Corporation, Inc. dba Best Inn & Suites | Accommodation | Term Loan | Prime plus 2.25% | 2/14/2025 | 53.2 | 25.4 | 26.0 | 0.01 % |
| ^Maruti, Inc | Accommodation | Term Loan | Prime plus 2.25% | 11/25/2024 | 50.4 | 23.5 | 24.0 | 0.01 % |
| Willington Hills Equestrian Center LLC | Animal Production and Aquaculture | Term Loan | Prime plus 2.75% | 10/19/2022 | 19.5 | 12.5 | 12.9 | 0.01 % |
| ^LABH, Inc. t/a Ramada Ltd. | Accommodation | Term Loan | Prime plus 2.25% | 9/27/2024 | 85.1 | 37.7 | 38.5 | 0.02 % |
| ^Randall D. & Patricia D. Casaburi dba Pat's Pizzazz | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 3/13/2023 | 15.7 | 6.3 | 6.5 | — % |
| ^Gain Laxmi, Inc. dba Super 8 Motel | Accommodation | Term Loan | Prime plus 2.25% | 5/31/2023 | 46.4 | 18.1 | 18.4 | 0.01 % |
| ^Naseeb Corporation | Accommodation | Term Loan | Prime plus 2.25% | 3/31/2024 | 62.9 | 27.3 | 27.8 | 0.01 % |
| ^Stillwell Ave Prep School | Social Assistance | Term Loan | Prime plus 2.75% | 1/14/2023 | 17.1 | 5.7 | 5.9 | — % |
| ^Karis, Inc. | Accommodation | Term Loan | Prime plus 2% | 12/22/2023 | 34.1 | 12.2 | 12.3 | — % |
| ^Five Corners, Ltd. | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/11/2019 | 19.5 | 3.6 | 3.7 | — % |
| ^Alyssa Corp dba Knights Inn | Accommodation | Term Loan | Prime plus 2.25% | 9/30/2023 | 65.7 | 39.5 | 40.2 | 0.02 % |

Field: Page; Sequence: 84

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 76 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company | Industry | Type
of Investment | Interest Rate (2) | Maturity | | Cost | Fair Value | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Bhailal Patel dba New Falls Motel | Accommodation | Term Loan | Prime plus 2.75% | 3/27/2023 | 22.9 | 3.2 | 3.3 | — % |
| ^Pegasus Automotive, Inc. | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/23/2022 | 25.8 | 9.8 | 10.1 | — % |
| ^Delyannis Iron Works | Fabricated Metal Product Manufacturing | Term Loan | 6% | 12/8/2022 | 68.4 | 12.1 | 12.5 | — % |
| ^P. Agrino, Inc. dba Andover Diner | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/18/2021 | 32.6 | 7.5 | 7.6 | — % |
| ^RJS Service Corporation | Gasoline Stations | Term Loan | Prime plus 2.75% | 8/20/2021 | 18.1 | 5.3 | 5.4 | — % |
| Total Performing SBA Unguaranteed Investments | | | | $ | 276,970.7 | $ 245,799.2 | $ 247,346.8 | 96.77 % |
| Non-Performing SBA Unguaranteed Investments (3) | | | | | | | | |
| ^200 North 8th Street Associates LLC and Enchanted Acres Farm | Food Manufacturing | Term Loan | 6.25% | 5/4/2028 | 468.8 | 469.3 | 450.4 | 0.18 % |
| ^214 North Franklin, LLC and Winter Ventures, Inc. | Nonstore Retailers | Term Loan | 6% | 11/29/2037 | 81.7 | 81.7 | — | — % |
| ^A + Quality Home Health Care, Inc. | Ambulatory Health Care Services | Term Loan | 6% | 8/1/2016 | 1.1 | 1.1 | 1.0 | — % |
| ^Advanced Machine & Technology, Inc. | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 7/29/2025 | 67.1 | 67.3 | 37.7 | 0.01 % |
| ^Aegis Creative Communications, Inc. | Professional, Scientific, and Technical Services | Term Loan | 6.5% | 11/30/2022 | 245.9 | 246.5 | 243.1 | 0.10 % |
| ^Alejandro Rico dba Rico Motors and Golden West Motel and Alrima Co Inc | Motor Vehicle and Parts Dealers | Term Loan | 6.75% | 11/25/2040 | 68.3 | 68.4 | 42.0 | 0.02 % |
| ^Al-Mustafa Enterprise, Inc. and Al-Mustafa Enterprise Inc | Motor Vehicle and Parts Dealers | Term Loan | 6.25% | 9/18/2040 | 129.3 | 129.5 | 106.9 | 0.04 % |
| ^AUM Estates, LLC and Sculpted Figures Plastic Surgery Inc. | Ambulatory Health Care Services | Term Loan | 6% | 3/14/2038 | 305.3 | 305.7 | — | — % |
| AWA Fabrication & Construction, L.L.C. | Fabricated Metal Product Manufacturing | Term Loan | 6% | 4/30/2025 | 34.7 | 34.8 | — | — % |
| ^B&B Fitness and Barbell, Inc. dba Elevations Health Club | Amusement, Gambling, and Recreation Industries | Term Loan | 6% | 6/22/2035 | 187.9 | 188.2 | 193.2 | 0.08 % |
| Baker Sales, Inc. dba Baker Sales, Inc. | Nonstore Retailers | Term Loan | 6% | 3/29/2036 | 177.0 | 177.4 | 77.1 | 0.03 % |
| ^Fieldstone Quick Stop LLC Barber Investments LLC Thadius M B | Gasoline Stations | Term Loan | 6% | 9/30/2038 | 406.2 | 407.3 | 4.7 | — % |
| ^Barber Investments LLC and Fieldstone Quickstop LLC and Maine Dollar | Gasoline Stations | Term Loan | 6.25% | 8/15/2039 | 146.0 | 146.3 | — | — % |
| ^Calhoun Satellite Communications Inc and Transmission Solutions Group | Broadcasting (except Internet) | Term Loan | Prime plus 2.75% | 2/27/2025 | 809.7 | 811.7 | 437.2 | 0.17 % |

Field: Page; Sequence: 85

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 77 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — Calhoun Satellite Communications, Inc. | Industry — Telecommunications | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 12/2/2026 | 188.7 | 189.1 | 170.2 | 0.07 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Carolina Beefs, LLC dba Beef O'Brady's | Food Services and Drinking Places | Term Loan | 6.75% | 4/13/2025 | 16.5 | 16.5 | — | — % |
| ^Chickamauga Properties, Inc., MSW Enterprises, LLP | Amusement, Gambling, and Recreation Industries | Term Loan | 6.25% | 12/22/2035 | 59.0 | 59.0 | 56.6 | 0.02 % |
| ^Chickamauga Properties, Inc. and MSW Enterprises, LLP | Amusement, Gambling, and Recreation Industries | Term Loan | 6.25% | 10/19/2022 | 43.4 | 43.5 | — | — % |
| ^CM Lab Inc | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/20/2026 | 165.7 | 166.1 | 155.1 | 0.06 % |
| ^Custom Software, Inc. a Colorado Corporation dba M-33 Access | Professional, Scientific, and Technical Services | Term Loan | 6.25% | 6/17/2021 | 274.0 | 274.7 | 241.4 | 0.09 % |
| ^Custom Software, Inc. a Colorado Corporation dba M-33 Access | Broadcasting (except Internet) | Term Loan | 6.25% | 4/30/2022 | 94.1 | 94.3 | — | — % |
| ^D&G Capital LLC dba Miami Grill 277 | Food Services and Drinking Places | Term Loan | 6.5% | 12/16/2025 | 81.8 | 82.0 | 53.3 | 0.02 % |
| ^Daniel S. Fitzpatrick dba Danny's Mobile Appearance Reconditioning Service | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/29/2018 | 0.7 | 0.7 | 0.6 | — % |
| ^Danjam Enterprises, LLC dba Ariel Dental Care | Ambulatory Health Care Services | Term Loan | 6% | 3/31/2035 | 125.8 | 126.0 | 119.2 | 0.05 % |
| ^Danjam Enterprises, LLC dba Ariel Dental Care | Ambulatory Health Care Services | Term Loan | 6% | 3/29/2023 | 64.7 | 64.8 | 61.3 | 0.02 % |
| ^Dill Street Bar and Grill Inc and WO Entertainment, Inc | Food Services and Drinking Places | Term Loan | 6% | 9/27/2027 | 78.2 | 78.4 | — | — % |
| Dr. Francis E. Anders, DVM | Professional, Scientific, and Technical Services | Term Loan | 6% | 8/9/2015 | 1.6 | 1.6 | 1.5 | — % |
| ^DTM Parts Supply Inc. | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/2/2025 | 54.7 | 54.8 | 42.0 | 0.02 % |
| ^E & I Holdings, LP & PA Farm Products, LLC | Food Manufacturing | Term Loan | 6% | 4/30/2030 | 4,874.0 | 4,923.2 | 2,836.0 | 1.11 % |
| ^ENI Inc, Event Networks Inc, ENI Worldwide LLC and Spot Shop Inc | Professional, Scientific, and Technical Services | Term Loan | 6.75% | 4/25/2024 | 386.4 | 386.8 | 87.2 | 0.03 % |
| ^ENI Inc. dba ENI Group, Inc | Other Information Services | Term Loan | 6.75% | 12/11/2025 | 32.8 | 32.8 | — | — % |
| ^Europlast Ltd | Plastics and Rubber Products Manufacturing | Term Loan | 6% | 9/26/2022 | 315.0 | 315.8 | 48.5 | 0.02 % |
| *^Europlast Ltd | Plastics and Rubber Products Manufacturing | Term Loan | 6% | 5/31/2023 | 107.2 | 107.4 | 64.4 | 0.03 % |

Field: Page; Sequence: 86

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 78 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^Event Mecca LLC | Industry — Other Information Services | Type
of Investment — Term Loan | Interest Rate (2) — 6% | Maturity — 4/10/2023 | 12.3 | 12.3 | 9.5 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^EZ Towing, Inc. | Support Activities for Transportation | Term Loan | 6% | 1/31/2023 | 86.2 | 86.4 | 8.3 | — % |
| ^Gator Communications Group LLC dba Harvard Printing Group | Printing and Related Support Activities | Term Loan | 6.25% | 3/30/2022 | 232.9 | 233.5 | 25.8 | 0.01 % |
| ^Gator Communications Group LLC dba Harvard Printing Group | Printing and Related Support Activities | Term Loan | 6.25% | 4/25/2022 | 157.4 | 157.8 | — | — % |
| ^Gator Communications Group, LLC dba Harvard Printing Group | Printing and Related Support Activities | Term Loan | 6.25% | 3/27/2023 | 13.3 | 13.3 | — | — % |
| ^Grand Manor Realty, Inc. & Kevin LaRoe | Real Estate | Term Loan | 6% | 2/20/2023 | 18.9 | 19.0 | 17.7 | 0.01 % |
| Guzman Group,LLC | Rental and Leasing Services | Term Loan | 6% | 9/30/2019 | 182.8 | 183.3 | 167.6 | 0.07 % |
| Harrelson Materials Management,Inc | Waste Management and Remediation Services | Term Loan | 6% | 6/24/2021 | 464.0 | 465.2 | 25.0 | 0.01 % |
| ^Hartford Cardiology Group LLC and Ideal Nutrition of Connecticut LLC | Ambulatory Health Care Services | Term Loan | 6.25% | 6/30/2026 | 476.5 | 477.6 | 45.6 | 0.02 % |
| ^Hemingway Custom Cabinetry LLC | Furniture and Related Product Manufacturing | Term Loan | 6.5% | 9/25/2025 | 198.1 | 198.6 | 71.7 | 0.03 % |
| ^Home Again Restaurant LLC | Food Services and Drinking Places | Term Loan | 6.25% | 6/30/2040 | 58.7 | 58.8 | 47.6 | 0.02 % |
| ^J Olson Enterprises LLC and Olson Trucking Direct, Inc. | Truck Transportation | Term Loan | 6% | 6/28/2025 | 626.9 | 628.4 | 79.0 | 0.03 % |
| ^J&M Concessions, Inc.dba A-1 Liquors | Food and Beverage Stores | Term Loan | 6.25% | 3/3/2039 | 130.2 | 130.6 | 64.7 | 0.03 % |
| ^J&M Concessions Inc dba A 1 Liquors | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 2/27/2025 | 79.8 | 80.0 | 20.2 | 0.01 % |
| ^Jacksonville Beauty Institute Inc. dba Beauty Institute's | Educational Services | Term Loan | Prime plus 2.75% | 10/23/2025 | 43.6 | 43.7 | 40.8 | 0.02 % |
| Jenny's Wunderland, Inc. | Social Assistance | Term Loan | 6% | 6/29/2036 | 128.5 | 128.8 | 32.0 | 0.01 % |
| ^Karykion, Corporation dba Karykion Corporation | Professional, Scientific, and Technical Services | Term Loan | 6% | 6/28/2022 | 144.4 | 144.8 | 135.2 | 0.05 % |
| ^Kantz LLC and Kantz Auto LLC dba Kantz's Hometown Auto | Motor Vehicle and Parts Dealers | Term Loan | 6.25% | 10/29/2039 | 64.1 | 64.2 | 57.5 | 0.02 % |
| ^Kids at Heart,LLC dba Monster Mini Golf | Amusement, Gambling, and Recreation Industries | Term Loan | 6.75% | 9/22/2026 | 21.5 | 21.6 | 12.5 | — % |
| Krishna of Orangeburg, Inc. | Accommodation | Term Loan | 6% | 2/20/2032 | 10.3 | 10.3 | 5.7 | — % |
| ^Kup's Auto Spa Inc | Repair and Maintenance | Term Loan | 6.25% | 11/15/2038 | 365.9 | 366.8 | 342.5 | 0.13 % |
| Kup’s Auto Spa, Inc. | Repair and Maintenance | Term Loan | 6.25% | 10/23/2025 | 54.6 | 54.7 | 51.1 | 0.02 % |
| *^Las Torres Development LLC dba Houston Event Centers | Real Estate | Term Loan | 6% | 8/27/2028 | 51.0 | 51.0 | — | — % |

Field: Page; Sequence: 87

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 79 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company — ^M and C Renovations Inc | Industry — Construction of Buildings | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 10/31/2024 | 13.7 | 13.8 | 10.7 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Matchless Transportation LLC dba First Class Limo | Transit and Ground Passenger Transportation | Term Loan | 6.25% | 8/3/2022 | 125.6 | 125.9 | 111.8 | 0.04 % |
| ^Milliken and Milliken, Inc. dba Milliken Wholesale Distribution | Merchant Wholesalers, Durable Goods | Term Loan | 6% | 6/10/2036 | 25.6 | 25.6 | — | — % |
| ^Mojo Brands Media, LLC | Broadcasting (except Internet) | Term Loan | 6% | 8/28/2023 | 723.1 | 725.0 | 340.6 | 0.13 % |
| Morris Glass and Construction | Specialty Trade Contractors | Term Loan | 6% | 3/7/2021 | 44.8 | 44.8 | 2.7 | — % |
| Municipal Hydro Sevices Inc. | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 3/30/2027 | 258.4 | 259.0 | 159.0 | 0.06 % |
| ^New Paltz Dental Care, PLLC dba Ariel Dental Care | Ambulatory Health Care Services | Term Loan | 6% | 6/19/2025 | 97.3 | 97.5 | 59.8 | 0.02 % |
| ^Colts V LLC and Nowatzke Service Center, Inc | Repair and Maintenance | Term Loan | 6.75% | 9/26/2039 | 576.2 | 577.6 | 546.7 | 0.21 % |
| ^Nowatzke Service Center Inc dba Nowatzke Truck and Trailer | Repair and Maintenance | Term Loan | Prime plus 2.75% | 1/29/2026 | 96.7 | 96.9 | 91.8 | 0.04 % |
| Our Two Daughters L.L.C. dba Washington's Restaurant | Food Services and Drinking Places | Term Loan | 6% | 6/18/2026 | 674.2 | 681.0 | 65.3 | 0.03 % |
| ^Planet Verte, LLC dba Audio Unlimited | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/20/2020 | 16.4 | 16.4 | 13.9 | 0.01 % |
| Professional Systems, LLC and Professional Cleaning | Administrative and Support Services | Term Loan | 6% | 7/30/2020 | 131.6 | 131.8 | 2.4 | — % |
| ^Route 130 SCPI Holdings LLC Route 130 SCPI Operations LLC | Food Services and Drinking Places | Term Loan | 6.25% | 9/30/2039 | 535.1 | 536.4 | 306.4 | 0.12 % |
| ^Scoville Plumbing & Heating Inc and Thomas P. Scoville | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 7/25/2022 | 32.0 | 32.1 | 30.4 | 0.01 % |
| ^Shivsakti, LLC dba Knights Inn | Accommodation | Term Loan | 6.25% | 12/20/2032 | 8.0 | 8.0 | — | — % |
| ^Sourceco Limited Liability Company | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/17/2025 | 44.9 | 45.0 | 43.2 | 0.02 % |
| ^Sovereign Communications LLC | Broadcasting (except Internet) | Term Loan | Prime plus 2.75% | 2/7/2024 | 707.3 | 709.1 | 671.2 | 0.26 % |
| ^Square Deal Siding Company, LLC dba Square Deal Siding Company | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/18/2025 | 20.2 | 20.3 | 19.4 | 0.01 % |
| ^STK Ventures Inc dba JP Dock Service & Supply | Specialty Trade Contractors | Term Loan | 6% | 5/9/2037 | 31.6 | 31.6 | — | — % |
| ^Stormrider Inc dba Shirley's Stormrider Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 9/23/2025 | 60.2 | 60.3 | — | — % |
| ^Stormrider Inc dba Shirley's Stormrider, Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 11/25/2024 | 119.1 | 119.4 | 43.4 | 0.02 % |
| Stormwise South Florida dba Stormwise Shutters | Specialty Trade Contractors | Term Loan | 6% | 11/7/2036 | 110.9 | 111.2 | — | — % |

Field: Page; Sequence: 88

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 80 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company | Industry | Type
of Investment | Interest Rate (2) | Maturity | | Cost | Fair Value | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| The Law Office of Joseph A. Foistner Esquire and Affiliates,PC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/26/2027 | 62.3 | 62.5 | — | — % |
| ^Thomas P. Scoville dba Scoville Plumbing & Heating, Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/16/2021 | 34.3 | 34.3 | 32.5 | 0.01 % |
| Transmission Solutions Group, Inc. and Calhoun Satellite Communications | Telecommunications | Term Loan | Prime plus 2.75% | 12/2/2041 | 140.9 | 141.3 | 72.0 | 0.03 % |
| ^Will Zac Management LLC dba Papa John's | Food Services and Drinking Places | Term Loan | 6.25% | 12/19/2024 | 42.4 | 42.5 | 39.7 | 0.02 % |
| ^Winter Ventures Inc and 214 N Franklin LLC | Nonstore Retailers | Term Loan | 6% | 4/29/2024 | 56.5 | 56.6 | — | — % |
| ^Winter Ventures Inc dba Qualitybargainbooks and Qualitybargainmall | Nonstore Retailers | Term Loan | 6% | 12/23/2024 | 149.1 | 149.3 | — | — % |
| ^Winter Ventures Inc dba Qualitybargainbooks and Qualitybargainmall | Nonstore Retailers | Term Loan | 6% | 4/3/2029 | 134.4 | 134.5 | — | — % |
| ^Wired LLC and Moulison North Corporation | Specialty Trade Contractors | Term Loan | 6.25% | 6/30/2024 | 320.6 | 321.4 | 312.7 | 0.12 % |
| *^Wired LLC and Moulison North Corporation | Specialty Trade Contractors | Term Loan | 6.25% | 7/3/2024 | 137.9 | 138.3 | 23.0 | 0.01 % |
| Total Non-Performing Unguaranteed SBA Investments | | | | $ | 19,246.5 | $ 19,332.8 | $ 9,789.2 | 3.83 % |
| Total Unguaranteed SBA Investments | | | | $ | 296,217.2 | $ 265,132.0 | $ 257,136.0 | 100.60 % |
| Performing SBA Guaranteed Investments (4) | | | | | | | | |
| Party By Design Inc. | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/18/2042 | 3,615.0 | 3,615.0 | 4,075.9 | 1.59 % |
| NY Tent LLC & NY Tent Parent, LLC dba Tent Company of New York | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 9/20/2027 | 3,082.5 | 3,082.5 | 3,391.5 | 1.33 % |
| SSN GROUP LLC and Dockside Steel Processing LLC | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/29/2042 | 3,750.0 | 3,750.0 | 4,125.9 | 1.61 % |
| Dan Cline Transport Inc. | Truck Transportation | Term Loan | Prime plus 2.75% | 9/29/2030 | 3,016.5 | 3,016.5 | 3,272.9 | 1.28 % |
| Harco Metal Products Inc | Primary Metal Manufacturing | Term Loan | Prime plus 2.75% | 9/29/2042 | 4,401.0 | 4,401.0 | 4,945.6 | 1.93 % |
| JBK Truck Trailer and Bus Inc. | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/23/2042 | 236.3 | 236.3 | 269.0 | 0.11 % |
| Pecos Entertainment LLC dba State Theater and Pecos Inn LLC | Motion Picture and Sound Recording Industries | Term Loan | Prime plus 2.75% | 3/27/2042 | 411.5 | 411.5 | 465.8 | 0.18 % |
| Swantown Inn & Spa LLC | Accommodation | Term Loan | Prime plus 2.75% | 5/26/2042 | 85.3 | 85.3 | 97.1 | 0.04 % |
| Bear Creek Entertainment LLC dba The Woods at Bear Creek | Accommodation | Term Loan | Prime plus 2.75% | 8/12/2041 | 1,172.3 | 1,172.3 | 1,329.1 | 0.52 % |

Field: Page; Sequence: 89

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company | Industry | Type
of Investment | Interest Rate (2) | Maturity | | Cost | Fair Value | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| House of Bread & Coffee Corp dba Casa Do Pao | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/27/2042 | 407.1 | 407.1 | 463.5 | 0.18 % |
| CR Park Incorporated dba Define Body and Mind | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/20/2027 | 82.5 | 82.5 | 91.6 | 0.04 % |
| AP6 LLC and Amishp LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/30/2042 | 323.3 | 323.3 | 368.1 | 0.14 % |
| Sneads Ferry Foods, Inc. dba DQ Grill & Chill | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/27/2042 | 989.9 | 989.9 | 1,120.7 | 0.44 % |
| Work of Heart Inc.dba Little Nest Portraits | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 7/28/2027 | 64.1 | 64.1 | 71.2 | 0.03 % |
| Total SBA Guaranteed Performing Investments | | | | $ | 21,637.3 | $ 21,637.3 | $ 24,088.0 | 9.42 % |
| Total SBA Unguaranteed and Guaranteed Investments | | | | $ | 317,854.5 | $ 286,769.3 | $ 281,224.0 | 110.02 % |
| Controlled Investments (5) | | | | | | | | |
| Advanced Cyber Security Systems, LLC (6), (18) | Data processing, hosting and related services. | 50% Membership Interest | —% | — | — | — | — | — % |
| | | Term Loan | 3% | December 2014 | 1,120.0 | 381.0 | — | — % |
| Automated Merchant Services, Inc. (7), (18) | Data processing, hosting and related services. | 100% Common Stock | —% | — | — | — | — | — % |
| CDS Business Services, Inc. (8) | Securities, Commodity Contracts, and Other Financial Investments and Related Activities | 100% Common Stock | —% | — | — | 4,428.0 | 5,500.0 | 2.15 % |
| | | Line of Credit | Prime plus 2.5% | August 2018 | 7,895.0 | 7,895.0 | 7,895.0 | 3.09 % |
| Newtek Technology Solutions, Inc. (11) | Data processing, hosting and related services. | 100% Common Stock | —% | — | — | 8,384.0 | 16,000.0 | 6.26 % |
| Fortress Data Management, LLC (18) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | — | — | — % |
| Newtek Insurance Agency, LLC (13), (18) | Insurance Carriers and Related Activities | 100% Membership Interest | —% | — | — | — | 2,500.0 | 0.98 % |
| PMTWorks Payroll, LLC (9) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | 725.1 | — | — % |
| | | Term Loan | 10%-12% | Various maturities through July 2019 | 2,685.0 | 2,685.0 | — | — % |
| Secure CyberGateway Services, LLC (10), (18) | Data processing, hosting and related services. | 66.7% Membership Interest | —% | — | — | — | — | — % |
| | | Term Loan | 7% | June 2017 | 2,400.0 | 300.0 | — | — % |

Field: Page; Sequence: 90

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Field: Sequence; Type: Arabic; Name: PageNo 82 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS SEPTEMBER 30, 2017 (UNAUDITED) (In Thousands)

Field: /Page

| Portfolio
Company | Industry | Type
of Investment | Interest Rate (2) | Maturity | | Cost | Fair Value | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Small Business Lending, LLC (12), (18) | Securities, Commodity Contracts, and Other Financial
Investments and Related Activities | 100% Membership Interest | —% | — | — | — | 2,500.0 | 0.98 % |
| *Summit Systems and Designs, LLC (14), (18) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | — | — | — % |
| ADR Partners, LLC dba banc-serv Partners, LLC (12) | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | 100% Membership Interest | —% | — | — | 5,260.3 | 3,400.0 | 1.33 % |
| Premier Payments LLC (11) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | 16,438.0 | 21,000.0 | 8.22 % |
| International Professional Marketing, Inc. (17) | Professional, Scientific, and Technical Services | 100% Common Stock | —% | — | — | 8,800.0 | 8,800.0 | 3.44 % |
| | | Line of Credit | Prime plus 0.5% | April 2018 | 200.0 | 200.0 | 200.0 | 0.08 % |
| SIDCO, LLC (17) | Professional, Scientific, and Technical Services | 100% Membership Interest | —% | — | — | 2,320.0 | 2,320.0 | 0.91 % |
| | | Line of Credit | Prime plus 0.5% | — | 345.0 | 345.0 | 345.0 | 0.13 % |
| Universal Processing Services of Wisconsin, LLC (11) (18) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | — | 66,000.0 | 25.82 % |
| Titanium Asset Management, LLC (15) | Administrative and Support Services | Term Loan | 3% | July 2017 | 2,200.0 | 193.9 | — | — % |
| | | 100% Membership Interest | —% | — | — | — | — | — % |
| Excel WebSolutions, LLC (16) | Data processing, hosting and related services. | Term Loan | 10% | September 2018 | 1,020.2 | 535.4 | 489.0 | 0.19 % |
| | | 50% Membership Interest | —% | — | — | — | — | — % |
| Total Controlled Investments | | | | $ | 17,865.2 | $ 58,890.7 | $ 136,949.0 | 53.58 % |
| Investments
in Money Market Funds | | | | | | | | |
| UBS Select Treasury Institutional Fund -
0.84% yield | | | | $ | 9.4 | $ 9.4 | $ 9.4 | — % |
| Total Investments | | | | $ | 335,729.1 | $ 345,669.4 | $ 418,182.4 | 163.60 % |

^ Denotes investment has been pledged as collateral under the Securitization Trusts.

Denotes non-income producing security.

Field: Page; Sequence: 91

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Field: Sequence; Type: Arabic; Name: PageNo 83 Field: /Sequence

Field: /Page

(1) Newtek values each unguaranteed portion of SBA 7(a) performing 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. The 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) Prime Rate is equal to 4.25% as of September 30, 2017.

(3) Newtek values non-performing SBA 7(a) loans using a discounted cash flow analysis of the underlying collateral which supports the loan. 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.

(4) Newtek values guaranteed performing SBA 7(a) loans using the secondary SBA 7(a) market as a reference point. Newtek routinely sells performing 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.

(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.

(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) 18.35% owned by Wilshire New York Partners IV, LLC (a subsidiary of Newtek Business Services Corp.), 31.8% owned by Wilshire New York Partners V, LLC (a subsidiary of Newtek Business Services Corp.) and 49.85% owned by Wilshire Holdings 1, Inc. (a subsidiary of Newtek Business Services Corp.).

(9) 25% owned by Wilshire New York Partners V, LLC (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) 66.7% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.), 33.3% owned by non-affiliate.

(11) 100% owned by Newtek Business Services Holdco 1, Inc. (a subsidiary of Newtek Business Services Corp.).

(12) 100% owned by Newtek LSP Holdco, LLC (a subsidiary of Wilshire Holdings I, Inc. and Banc-Serv Acquisition, Inc., both subsidiaries of Newtek Business Services Corp.).

(13) 100% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.).

(14) 100% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.).

(15) 50% owned by Exponential Business Development Co., Inc. (a subsidiary of Newtek Business Services Corp.), 30% owned by Wilshire New York Partners V, LLC (a subsidiary of Newtek Business Services Corp.), 17.8% owned by Wilshire New York Partners IV, LLC (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.).

(16) 36.2% owned by Wilshire New York Partners V, LLC and 13.8% owned by Wilshire New York Partners IV, LLC (both subsidiaries of Newtek Business Services Corp.), 50% owned by non-affiliate.

(17) 100% owned by Newtek Business Services Holdco 2, Inc. (a subsidiary of Newtek Business Services Corp.). During the three months ended September 30, 2017, a portion of IPM’s business was spun off into a new wholly-owned controlled portfolio company, SIDCO. As a result, the underlying IPM business has not changed. The Company determined the cost basis of its investments in IPM and SIDCO to be $8,800,000 and $2,320,000, respectively. Refer to Note 3.

(18) 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.

(19) 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.

(20) Under the Investment Company Act of 1940, as amended, the Company may not acquire any non-qualifying assets unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. At September 30, 2017, 4.9% of total assets are non-qualifying assets.

Field: Page; Sequence: 92

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company	Industry	Type of Investment	Interest Rate (2)	Maturity
Performing SBA Unguaranteed Investments (1)
Fort Smith Wings Inc. dba Wing Stop	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/28/2026	19.5	19.5	17.4	0.01 %
Sand Hill Associates, Ltd. dba Charlie O's Tavern on the Point	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/27/2041	419.9	419.9	409.7	0.20 %
Joshua L. Baker	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	12/23/2026	15.8	15.8	13.4	0.01 %
Jacliff Investments Inc. dba International health Technologies	Publishing Industries (except Internet)	Term Loan	Prime plus 2.75%	12/23/2026	125.0	125.0	106.7	0.05 %
New Image Building Services, Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	12/21/2026	43.8	43.8	38.7	0.02 %
Chestnut Street Associates, LLC and Metropolitan Solutions, Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/19/2041	275.0	275.0	261.1	0.12 %
Means Enterprises LLC dba FastFrame Frisco	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	12/16/2026	22.5	22.5	19.5	0.01 %
New Chicago Wholesale Bakery, Inc.	Food Manufacturing	Term Loan	Prime plus 2.75%	12/15/2041	452.8	452.8	443.6	0.21 %
Soon Im. Chin dba Stan C-Store	Gasoline Stations	Term Loan	Prime plus 2.75%	12/15/2041	212.5	212.5	216.6	0.10 %
Sempco, Inc.	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	12/15/2041	42.0	42.0	43.6	0.02 %
Allied Welding Inc.	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	12/15/2041	750.0	750.0	727.9	0.35 %
Ericon, Inc. dba Quik Pik	Gasoline Stations	Term Loan	Prime plus 2.75%	12/15/2041	332.2	332.2	328.4	0.16 %
White Hawk Inc.	Truck Transportation	Term Loan	Prime plus 2.75%	12/15/2026	1,097.8	1,097.8	937.2	0.45 %
Elita 7, LLC	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	12/15/2041	712.5	712.5	716.0	0.34 %
Techni-Pro Institute LLC	Educational Services	Term Loan	Prime plus 2.75%	12/15/2026	190.0	190.0	166.9	0.08 %
HMG Strategy, LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/14/2026	50.0	50.0	42.7	0.02 %
Cardinal Homes Inc. and Bret A Berneche	Wood Product Manufacturing	Term Loan	Prime plus 2.75%	12/14/2041	121.3	121.3	125.3	0.06 %
Trison Enterprises Inc.dba Lee's Automotive	Repair and Maintenance	Term Loan	Prime plus 2.75%	12/14/2041	407.5	407.5	406.2	0.19 %
AGG Management Team LLC dba Chevron	Gasoline Stations	Term Loan	Prime plus 2.75%	12/14/2041	287.5	287.5	298.3	0.14 %

Field: Page; Sequence: 93

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — Cardinal Homes Inc,.Alouette Holdings Inc.	Industry — Wood Product Manufacturing	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 12/14/2026	1,071.3	1,071.3	1,074.5	0.51 %
D and E Hardware Co. and D and E Pump Sales and Service	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	12/14/2041	528.6	528.6	518.6	0.25 %
Wayfarer Bicycle LLC	Sporting Goods, Hobby, Musical Instrument, and Book Stores	Term Loan	Prime plus 2.75%	12/13/2041	92.5	92.5	88.9	0.04 %
Success Advertising Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/13/2041	466.5	466.5	476.4	0.23 %
Roast Beef Levittown LLC dba Arby's	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/13/2026	465.0	54.6	55.0	0.03 %
Queen Express LLC	Gasoline Stations	Term Loan	Prime plus 2.75%	12/13/2041	187.5	187.5	191.6	0.09 %
Mack Team Enterprises Inc.dba The UPS Store #6815	Couriers and Messengers	Term Loan	Prime plus 2.75%	12/9/2026	20.4	20.4	18.2	0.01 %
Recycling Revolution,LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	12/9/2041	92.2	92.2	90.4	0.04 %
Myndshft Technologies LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/9/2026	775.0	775.0	731.8	0.35 %
^New Life Hospital LLC	Hospitals	Term Loan	Prime plus 2.75%	12/8/2041	1,195.5	1,195.5	1,240.3	0.59 %
Imagine By Carleen Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	12/8/2041	52.5	52.5	53.3	0.03 %
Hanson's Greeks LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/8/2026	11.3	11.3	11.3	0.01 %
Yachting Solutions LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	12/7/2029	71.3	71.3	67.4	0.03 %
T & B Boots, Inc. dba Takken's Shoes	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	12/7/2026	100.0	100.0	93.0	0.04 %
Lan Doctors, Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	12/7/2026	237.5	237.5	230.8	0.11 %

Field: Page; Sequence: 94

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^The Lake Shore Hospitality Inc dba Dowagiac Baymont Inn & Suites	Industry — Accommodation	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 12/5/2041	352.5	352.5	358.5	0.17 %
Lilo Holdings LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	12/5/2026	15.9	15.9	14.3	0.01 %
Transmission Solutions Group, Inc. and Calhoun Satellite Communications	Telecommunications	Term Loan	Prime plus 2.75%	12/2/2041	141.3	141.3	130.2	0.06 %
Calhoun Satellite Communications, Inc.	Telecommunications	Term Loan	Prime plus 2.75%	12/2/2026	192.5	192.5	171.7	0.08 %
Noso Development LLC	Construction of Buildings	Term Loan	Prime plus 2.75%	12/1/2026	75.0	75.0	64.0	0.03 %
^Ericon, Inc.	Gasoline Stations	Term Loan	Prime plus 2.75%	12/1/2041	726.1	726.1	717.8	0.34 %
^Pebble Wood Lane, LLC and Good Sam's Assisted Living Resiidence,LLC	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	11/30/2041	67.5	67.5	70.0	0.03 %
Sharaz Shah DBA Thomas Jewelers	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	11/30/2026	8.1	8.1	6.9	— %
Choe Trading Group, Inc.dba Rapid Printers of Monterey	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	11/30/2026	22.5	22.5	21.9	0.01 %
Studio Find It Georgia, Inc.	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	11/30/2026	7.5	7.5	6.5	— %
^Quick Ship, LLC	Couriers and Messengers	Term Loan	Prime plus 2.75%	11/30/2026	10.5	10.5	9.0	— %
B4 Fitness LLC dba The Zoo Health Club	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	11/30/2026	22.5	22.5	20.0	0.01 %
Imaginarium Foods LLC,	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/28/2042	376.7	124.4	129.2	0.06 %
RD Management, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/30/2026	213.8	213.8	184.7	0.09 %
^Usman Jalil, LLC dba Food Mart	Gasoline Stations	Term Loan	Prime plus 2.75%	11/29/2041	233.3	233.3	223.3	0.11 %
Honor Mansion, Inc.	Accommodation	Term Loan	Prime plus 2.75%	11/29/2026	87.5	87.5	88.1	0.04 %
Access Staffing, LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	11/29/2026	1,125.0	1,125.0	960.4	0.46 %
WPN Recycling Company LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	11/23/2026	22.5	22.5	22.7	0.01 %
Hafa Adai Signs and Graphics LLC dba Fastsigns of Auburn -#281901	Administrative and Support Services	Term Loan	Prime plus 2.75%	11/23/2026	60.0	60.0	51.9	0.02 %

Field: Page; Sequence: 95

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — CRK Mens, LLC dba Spiff for Men	Industry — Personal and Laundry Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 11/23/2026	106.3	106.3	92.5	0.04 %
Merchant Coterie, Inc.	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	11/23/2026	125.0	125.0	106.7	0.05 %
6E Technologies LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	11/22/2026	175.0	175.0	160.2	0.08 %
Broms Asset Management LLC	Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Term Loan	Prime plus 2.75%	11/22/2026	125.0	125.0	106.7	0.05 %
Rognes Corp dba RTS	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	11/22/2026	389.3	389.3	354.1	0.17 %
Bouquet Restaurant LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/22/2041	125.0	125.0	124.9	0.06 %
^J.B.K Truck Trailer and Bus Inc	Repair and Maintenance	Term Loan	Prime plus 2.75%	11/22/2041	435.0	435.0	427.8	0.20 %
Skaggs RV Outlet LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	11/21/2026	100.0	100.0	100.7	0.05 %
Catherine Christine Morin dba Purr-Fect Pets	Personal and Laundry Services	Term Loan	Prime plus 2.75%	11/17/2026	18.8	18.8	16.0	0.01 %
Stratmar Systems Inc dba Stratmar Retail Services	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	11/16/2026	68.5	68.5	69.0	0.03 %
Hoosier Health Plus, LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	11/15/2026	125.0	125.0	116.8	0.06 %
^J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	11/10/2041	446.0	446.0	450.1	0.22 %
Hackensack Steel Corporation and Luzerne Ironworks Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	11/10/2026	239.2	239.2	238.8	0.11 %
^Panther Ironworks and Rigging Solutions LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	11/10/2026	151.3	151.3	138.0	0.07 %
^J. A. Kohlhepp Sons, Inc. dba Kohlhepp's True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	11/10/2026	188.8	188.8	184.8	0.09 %
^Bovill Creative,LLC	Real Estate	Term Loan	Prime plus 2.75%	11/9/2041	281.2	281.1	291.7	0.14 %
^Big Apple Entertainment Partners LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	11/9/2026	175.0	175.0	149.4	0.07 %
^Dyer Properties, LLC and Bayview Pharmacy, Inc.	Health and Personal Care Stores	Term Loan	Prime plus 2.75%	11/9/2041	240.3	240.3	234.1	0.11 %

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Rich's Food Stores LLC dba Hwy 55 of Wallace	Industry — Food Services and Drinking Places	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 11/9/2026	43.8	43.8	40.5	0.02 %
MIK LLC dba Firehouse Subs	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/9/2026	200.0	163.3	141.6	0.07 %
Surgarloaf Concepts LLC dba Fat Biscuit	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/8/2026	168.8	95.9	96.6	0.05 %
^Fine Line Interiors, Inc.	Repair and Maintenance	Term Loan	Prime plus 2.75%	11/4/2041	87.5	87.5	90.8	0.04 %
^Pig-Sty BBQ, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/3/2026	71.3	71.3	71.8	0.03 %
131 Miles LLC and Ohm Shubh Laxmi, LLC. dba Mr Hero	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	11/3/2041	127.5	35.8	37.2	0.02 %
^Veracruz Shabo, LLC, Waterfalls Quick Lube LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	11/1/2041	118.8	118.8	119.6	0.06 %
Glocecol LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	11/1/2026	75.0	75.0	75.5	0.04 %
Middlesex Auto Sales Corp	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	10/31/2041	125.0	47.5	49.3	0.02 %
^Bloomquist Communications Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	10/31/2026	60.0	59.6	50.9	0.02 %
^Moolchan Enterprises LLC dba Staying Green	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	10/31/2026	18.2	18.0	16.9	0.01 %
^Woodstock Enterprises Corp dba True Scent Candle Company	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	10/31/2041	88.8	88.6	85.2	0.04 %
^Patina Investment, Inc and Ram & Sons, Inc.	Repair and Maintenance	Term Loan	Prime plus 2.75%	10/27/2041	175.0	174.8	181.3	0.09 %
Elite Structures Inc	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	10/27/2029	225.0	225.0	217.4	0.10 %
^FibAire Communications, LLC	Telecommunications	Term Loan	Prime plus 2.75%	10/27/2026	107.5	106.8	97.6	0.05 %
^Bonita Stone LLC and Castone Creations Inc	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	10/25/2041	264.4	264.0	259.4	0.12 %
^Empire Processor Services Inc. and Verrazano Wholesale Dist., Inc.	Nonstore Retailers	Term Loan	Prime plus 2.75%	10/25/2026	131.3	130.5	131.4	0.06 %
Blakeslee Arpaia Chapman Inc and Chapman Construction Services LLC	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	10/24/2026	425.0	422.4	416.6	0.20 %
Eco Vehicle Systems LLC	Transportation Equipment Manufacturing	Term Loan	Prime plus 2.75%	10/21/2026	955.5	949.8	940.4	0.45 %
Worldwide Estate, Inc. dba Washington Heights Manor	Nursing and Residential Care Facilities	Term Loan	Prime plus 2.75%	10/21/2041	225.0	155.8	161.6	0.08 %

Field: Page; Sequence: 97

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Field: Sequence; Type: Arabic; Name: PageNo 89 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Gold Wind Logistics LLC	Industry — Truck Transportation	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 10/20/2041	175.0	175.0	181.6	0.09 %
^Speaker City, Inc. dba Rollin Thunder	Electronics and Appliance Stores	Term Loan	Prime plus 2.75%	10/14/2041	125.0	124.8	125.3	0.06 %
^Maine Service Corp	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	10/13/2026	206.3	204.3	190.3	0.09 %
^Justin Partlow	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	10/13/2026	19.5	19.4	16.5	0.01 %
^Reliable Recovery Services LLC	Support Activities for Transportation	Term Loan	Prime plus 2.75%	10/7/2026	112.5	111.8	101.4	0.05 %
^Ailky Corporation	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	10/3/2026	250.0	248.5	217.5	0.10 %
^Wyspen Corporation dba Charlestown Ace	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	10/3/2026	36.0	35.8	30.5	0.01 %
^JJA Transportation Management Inc.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	9/30/2026	52.5	51.9	44.3	0.02 %
^MegaPhase, LLC	Computer and Electronic Product Manufacturing	Term Loan	Prime plus 2.75%	9/30/2026	150.0	148.2	141.8	0.07 %
^Seaway LLC and Reklaw LLC dba Allure Lounge	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/30/2041	137.5	137.1	142.2	0.07 %
^Adelworth Bus Corp.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	9/30/2041	242.8	242.1	236.6	0.11 %
Adelwerth Bus Corporation, Transportation Leasing Corp.	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	9/30/2029	654.0	648.5	619.6	0.30 %
^Las Casuelas Del Este Inc.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/29/2041	800.0	799.4	811.3	0.39 %
^Thunderdome Racing Inc.	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/29/2026	19.1	18.8	18.4	0.01 %
Vision Automotive LLC dba Vision Chrysler Jeep Dodge Ram of Defiance	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	9/29/2029	671.5	665.8	619.7	0.30 %
Paragon Fabricators Inc, Paragon Field Services, Inc and Paragon Global	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	9/28/2026	648.0	640.1	586.2	0.28 %
^Paragon Global, LLC and Paragon Fabricators Inc and Paragon Field Service	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	9/28/2041	405.8	404.6	382.3	0.18 %
^Graphics,Type and Color Enterprises Inc dba Clubflyers.com and GTC Med	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	9/28/2041	850.0	847.6	879.0	0.42 %

Field: Page; Sequence: 98

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Field: Sequence; Type: Arabic; Name: PageNo 90 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Beadon Inc	Industry — Food and Beverage Stores	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 9/28/2026	22.5	22.2	22.0	0.01 %
^CD Game Exchange Inc.	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	9/28/2026	22.5	22.2	19.0	0.01 %
^CNC Precision Machine, Inc.	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	9/28/2041	1,250.0	1,246.5	1,230.6	0.59 %
^Kyle M Walker DDS,PC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	9/27/2026	217.8	215.1	189.0	0.09 %
^Luna Nueva LLC dba Bio Builders	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	9/27/2026	15.0	14.8	13.0	0.01 %
Reynolds Fence & Guardrail Inc.	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	9/27/2026	629.6	621.9	596.4	0.29 %
^Luv 2 Play Nor Call, LLC dba Luv 2 Play	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/27/2026	52.5	51.9	46.3	0.02 %
^Sarah S Olelewe MD Inc	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	9/26/2041	292.4	292.2	289.2	0.14 %
^TPFC,LLC dbaThe Picture Frame Company	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	9/26/2041	58.8	58.6	58.1	0.03 %
^Ridge Road Equestrian LLC dba Ricochet Ridge Ranch	Support Activities for Agriculture and Forestry	Term Loan	Prime plus 2.75%	9/26/2026	9.0	8.9	8.7	— %
^PeopleBest Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	9/26/2026	15.0	14.8	12.6	0.01 %
^Mr. Mulch, Inc	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	9/23/2041	405.8	404.6	375.8	0.18 %
^B4 Fitness LLC dba The Zoo Health Club	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/23/2026	87.5	86.4	76.8	0.04 %
^InformationTelevision Network Inc	Motion Picture and Sound Recording Industries	Term Loan	Prime plus 2.75%	9/22/2041	836.8	835.6	856.4	0.41 %
^Kids at Heart,LLC dba Monster Mini Golf	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	9/22/2026	22.5	22.3	19.3	0.01 %
^GRA Financial Services Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/22/2026	12.0	11.9	10.1	— %
^Wrecking Crew Media LLC	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	9/21/2026	50.0	49.4	42.1	0.02 %
^Cuppiecakes LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/21/2041	22.5	22.4	22.1	0.01 %

Field: Page; Sequence: 99

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 91 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Benoit's Towing and Recovery LLC	Industry — Support Activities for Transportation	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 9/20/2026	12.0	11.9	10.3	— %
^Consulting Solutions Inc. and Mark Luciani	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/20/2026	22.5	22.3	20.8	0.01 %
^Brittany Burns LLC dba Dreams Come True	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/19/2026	12.9	12.7	12.8	0.01 %
^Eyncon LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	9/16/2041	50.0	49.9	49.8	0.02 %
^Tresa S.Parris dba Wagging Tails Grooming	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/16/2026	8.0	7.9	6.8	— %
^The Merrin Group LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/15/2026	175.0	172.9	164.8	0.08 %
^Rich's Food Stores LLC dba Hwy 55 of Wallace	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/14/2026	145.5	143.7	133.2	0.06 %
^Atlantic Alarm Systems and Services LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	9/14/2026	15.5	15.3	13.4	0.01 %
^Metropet Dog Center, Inc	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/13/2041	109.3	108.9	109.2	0.05 %
^Marquis Cattle Company	Animal Production and Aquaculture	Term Loan	Prime plus 2.75%	9/13/2026	50.0	49.7	50.1	0.02 %
^Bingham Enterprises, Inc and Full Belli Deli and Sausage Company	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	9/12/2041	82.5	82.3	79.6	0.04 %
^Artisan Infrastructure Holdings, LLC	Data Processing, Hosting, and Related Services	Term Loan	Prime plus 2.75%	9/7/2026	125.0	123.5	105.4	0.05 %
^SRA Mechanicial Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	9/6/2041	43.8	43.6	45.0	0.02 %
^Sandia Enterprises Inc dba Massage Envy Spa	Personal and Laundry Services	Term Loan	Prime plus 2.75%	9/6/2026	62.5	61.7	52.7	0.03 %
^Animal Intrusion Prevention Systems Holding Company, LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	8/30/2026	125.0	123.0	107.7	0.05 %
^Suncrest Stone Products LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	8/29/2026	586.8	576.0	514.8	0.25 %
^Clark Realty LLC	Real Estate	Term Loan	Prime plus 2.75%	8/29/2041	237.5	236.5	225.0	0.11 %
^Raem Corporation dba Dryclean Express	Personal and Laundry Services	Term Loan	Prime plus 2.75%	8/29/2041	72.5	72.2	73.9	0.04 %
^Suncrest Stone Products LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	8/29/2041	649.6	646.9	596.9	0.29 %
^TAGR Inc dba Miami Grill 137and John Nakis	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/26/2026	106.8	104.8	91.7	0.04 %

Field: Page; Sequence: 100

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 92 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Warren Dale Warrington dba Custom Paint and Body	Industry — Repair and Maintenance	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 8/26/2041	101.3	100.8	101.6	0.05 %
^Albert Basse Associates Inc	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	8/25/2026	62.5	61.4	61.1	0.03 %
^Dean Technology Inc	Electrical Equipment, Appliance, and Component Manufacturing	Term Loan	Prime plus 2.75%	8/25/2041	387.1	385.5	396.3	0.19 %
^Rosmel Pools Inc	Repair and Maintenance	Term Loan	Prime plus 2.75%	8/25/2026	22.5	22.1	19.3	0.01 %
^Avery Management Inc. dba Whetstone Upholstery	Repair and Maintenance	Term Loan	Prime plus 2.75%	8/25/2026	10.7	10.5	8.9	— %
^TR Companies LLC dba True Value Rental and Liberty Rental 4 U	Rental and Leasing Services	Term Loan	Prime plus 2.75%	8/25/2026	90.0	88.4	75.4	0.04 %
^Tabadesa Associates Inc.	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	8/25/2026	22.5	22.1	18.8	0.01 %
Sambella Holdings, LLC and Strike Zone Entertainment Center LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	12/24/2041	500.0	366.5	380.2	0.18 %
^Tim's Tire & Automotive Center, LLC	Support Activities for Transportation	Term Loan	Prime plus 2.75%	8/16/2026	816.6	797.7	721.6	0.35 %
^Luv 2 Play Temecula, LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	8/15/2026	60.0	58.9	50.3	0.02 %
Bear Creek Entertainment LLC dba The Woods at Bear Creek	Accommodation	Term Loan	Prime plus 2.75%	8/12/2041	437.5	279.1	284.3	0.14 %
^2 Cool Beans LLC dba Menchies's Frozen Yogurt	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	8/11/2026	82.5	81.0	69.1	0.03 %
^Grayson O Company	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	8/10/2041	625.0	622.4	639.7	0.31 %
^Charal Investments LLC dba Orange Theory Fitness	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	8/10/2026	87.5	85.9	73.3	0.04 %
^PCNKC Inc dba Plato's Closet	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	8/10/2026	18.8	18.5	16.2	0.01 %
^Paul Belanger dba Paul Belanger Landscaping	Administrative and Support Services	Term Loan	Prime plus 2.75%	8/9/2026	15.0	14.7	12.6	0.01 %
^R Performance LLC dba Performance Automotive of San Diego	Repair and Maintenance	Term Loan	Prime plus 2.75%	7/29/2026	15.0	14.6	12.8	0.01 %
^The Hungry Rhino LLC	Real Estate	Term Loan	Prime plus 2.75%	7/29/2041	76.3	75.8	74.9	0.04 %
^Nicolette Reiser dba Comfort & Balance	Personal and Laundry Services	Term Loan	Prime plus 2.75%	7/29/2041	75.0	74.6	75.1	0.04 %

Field: Page; Sequence: 101

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 93 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^USA General Investment LLC dba Braniff Paint and Body Shop	Industry — Repair and Maintenance	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 7/29/2026	22.5	21.9	19.3	0.01 %
^Little Tree Huggers Child Care LLC	Social Assistance	Term Loan	Prime plus 2.75%	7/29/2041	140.0	139.2	143.9	0.07 %
^303 Tower Drive LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	7/29/2041	400.3	398.0	403.4	0.19 %
^KJCKD Inc dba Camelot Print & Copy Centers/Copy A Second	Administrative and Support Services	Term Loan	Prime plus 2.75%	7/28/2041	587.0	583.7	578.9	0.28 %
^Big Apple Entertainment Partners LLC dba Ripley's Believe It or Not	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	7/28/2026	300.0	292.6	249.7	0.12 %
^676 Club LP dba The Green Door Tavern/The Drifter	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/28/2041	670.0	665.0	679.9	0.33 %
^MacIver Corporation dba Division Camera	Rental and Leasing Services	Term Loan	Prime plus 2.75%	7/28/2026	1,250.0	1,219.3	1,143.1	0.55 %
^J And G Group Services LLC and United Vending of Florida Inc	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	7/28/2026	31.5	30.8	27.5	0.01 %
^Intrepid Trinity LLC	Nonstore Retailers	Term Loan	Prime plus 2.75%	7/28/2041	62.5	62.1	62.4	0.03 %
^Apple Tree NC Inc dba Williams Farm & Garden Center	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	7/28/2041	337.0	335.1	327.8	0.16 %
^Kidtastic LLC dba The Little Gym of Audubon	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	7/27/2026	53.8	52.8	45.0	0.02 %
^GF Libations Inc dba Minuteman Press	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	7/27/2041	40.5	39.5	34.9	0.02 %
^EPEC Juice LLC dba Jamba Juice	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/27/2026	82.5	81.5	69.5	0.03 %
^Pinco Pizza LLC dba Jet's Pizza	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/27/2026	72.9	72.0	70.4	0.03 %
^Peckett's Inc	Crop Production	Term Loan	Prime plus 2.75%	7/27/2041	225.0	224.7	233.0	0.11 %
^JAG Unit 1, LLC dba Arooga's Grille House and Sports Bar	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/27/2026	125.0	121.9	104.1	0.05 %
^The Grasso Companies, LLC and Grasso Pavement Maintenance, LLC	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	7/26/2026	91.0	88.9	80.9	0.04 %
^Gino Italian American Deli and Meat Market Inc	Food and Beverage Stores	Term Loan	Prime plus 2.75%	7/25/2041	536.8	534.2	525.0	0.25 %
^My Sainath Inc dba Motel 6	Accommodation	Term Loan	Prime plus 2.75%	7/22/2041	305.4	303.7	308.6	0.15 %

Field: Page; Sequence: 102

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 94 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Robert G Larson State Farm Insurance	Industry — Insurance Carriers and Related Activities	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 7/22/2026	22.5	21.9	18.7	0.01 %
^J and D Resources LLC dba Aqua Science	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	7/19/2026	130.5	127.3	109.7	0.05 %
^Robert P Daniels dba Ginger and Friend's Peppermint Village Gift Shop	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	7/18/2026	15.8	15.4	13.1	0.01 %
Franklin Firm LLC dba Luv 2 Play	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	7/15/2041	173.3	172.9	171.6	0.08 %
^Billingsworks LLC dba Spoon Shine Cafe	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	7/15/2026	9.7	9.4	9.5	— %
^Be Beautiful LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	7/14/2041	66.5	66.1	67.2	0.03 %
^Takeuchi Commercial Cleaning Services, LLC dba We Clean San Diego	Administrative and Support Services	Term Loan	Prime plus 2.75%	7/13/2026	46.3	45.1	38.5	0.02 %
^Jacob Rugs LLC dba Rugs Outlet	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	7/13/2026	65.6	64.0	64.5	0.03 %
^RM Hawkins LLC dba Pure Water Tech West	Nonstore Retailers	Term Loan	Prime plus 2.75%	7/7/2026	50.0	48.9	46.5	0.02 %
^Dino Smiles Children's Cosmetic Dentistry	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	7/7/2026	14.3	13.9	12.2	0.01 %
Nevey's LLC dba Stark Food III	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/30/2041	293.9	246.6	254.5	0.12 %
^P L H Pharmaco Inc dba Farmacia San Jose	Health and Personal Care Stores	Term Loan	Prime plus 2.75%	6/30/2026	175.0	169.7	165.5	0.08 %
^Soregard Inc	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	6/30/2041	278.8	276.8	260.2	0.12 %
^Martin Inventory Management LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	6/30/2026	105.8	102.5	102.8	0.05 %
^Desert Tacos LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/30/2026	98.8	98.3	91.3	0.04 %
^VMA Technologies LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/30/2026	22.5	21.8	18.4	0.01 %
^Corning Lumber Company Inc and Frank R Close and Son Inc	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	6/30/2029	195.5	191.3	193.4	0.09 %
^Castone Creations Inc	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	6/29/2026	87.5	84.8	74.7	0.04 %
^WGI, LLC dba Williams Grant Inn	Accommodation	Term Loan	Prime plus 2.75%	6/29/2041	131.3	130.3	128.8	0.06 %

Field: Page; Sequence: 103

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 95 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^O.D.S. Inc dba Four Seasons Health & Racquet and Step 'N' Motion, Inc	Industry — Amusement, Gambling, and Recreation Industries	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/29/2026	140.0	135.7	117.5	0.06 %
^KWG Industries, LLC dba Peterson & Marsh Metal Industries	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	6/29/2041	304.5	302.8	303.9	0.15 %
^Ninsa LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/29/2041	112.5	111.7	115.5	0.06 %
^E & P Holdings 1 LLC and Evans & Paul LLC	Nonmetallic Mineral Product Manufacturing	Term Loan	Prime plus 2.75%	6/28/2026	125.0	121.4	105.9	0.05 %
^MaidPro Marin dba MaidPro	Administrative and Support Services	Term Loan	Prime plus 2.75%	6/28/2026	17.6	17.0	14.3	0.01 %
^Edge Pest Control LLC	Administrative and Support Services	Term Loan	Prime plus 2.75%	6/27/2026	750.0	726.9	612.0	0.29 %
^All Printing Solutions, Inc. dba Pryntcomm	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	6/27/2041	545.6	542.4	513.8	0.25 %
^Island Time Investments, LLC dba Swantown Inn Bed & Breakfast	Accommodation	Term Loan	Prime plus 2.75%	6/24/2041	101.3	100.5	103.9	0.05 %
^Jumbomarkets Inc dba Rines Jumbomarkets	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/24/2026	50.0	48.5	40.8	0.02 %
^Yellow Cab Company of Kissimmee Inc	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	6/24/2041	56.8	56.4	53.2	0.03 %
^El Basha Inc dba RPM West San Fernando Valley	Real Estate	Term Loan	Prime plus 2.75%	6/24/2026	22.5	20.8	17.5	0.01 %
^Long Island Comedy LLC dba Governors and New York Comedy, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/23/2041	187.5	186.2	184.4	0.09 %
^Visual Advantage LLC dba Signs Now Perryberg	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	6/23/2041	91.3	90.6	88.7	0.04 %
Shooting Sports Academy LLC and Jetaa LLC dba Shooting Sports Academy	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	6/23/2041	375.0	375.0	370.9	0.18 %
^SNS of Central Alabama, LLC dba Steak N Shake	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/21/2026	57.5	55.7	50.2	0.02 %
^Italian Heritage Tile and Stone Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/20/2026	62.5	60.6	51.0	0.02 %
^Evergreen Investment & Property Management LLC ,Universal Kidney Center	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	6/20/2041	1,250.0	1,243.2	1,261.1	0.60 %
^Bagelicious, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/17/2026	54.6	52.9	44.8	0.02 %
^T and B Boots Inc dba Takken's Shoes	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2.75%	6/17/2026	225.0	218.4	217.4	0.10 %

Field: Page; Sequence: 104

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 96 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^NKJ Lusby Donuts LLC	Industry — Food and Beverage Stores	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 6/16/2026	22.5	21.8	18.4	0.01 %
^Winegirl Wines LLC	Beverage and Tobacco Product Manufacturing	Term Loan	Prime plus 2.75%	6/16/2026	11.3	10.9	10.9	0.01 %
^Blue Eagle Transport Inc, Greeneagle Transport Inc	Couriers and Messengers	Term Loan	Prime plus 2.75%	6/16/2026	583.0	560.1	471.5	0.23 %
^Jai-Alexia Consulting, Inc.	Couriers and Messengers	Term Loan	Prime plus 2.75%	6/15/2026	11.8	11.5	9.6	— %
^Pumpkin Patch Child Care of Southington, LLC and Giuseppe Pugliares	Social Assistance	Term Loan	Prime plus 2%	6/15/2041	515.3	511.2	484.8	0.23 %
^Strag Industries LLC dba Meineke Car Care Center 841	Repair and Maintenance	Term Loan	Prime plus 2.75%	6/15/2026	15.0	14.5	13.3	0.01 %
^Luv 2 Play AZ LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	6/10/2026	62.5	60.6	58.5	0.03 %
^Refoleen Inc dba Spice and Tea Exchange	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/10/2026	85.0	83.9	70.7	0.03 %
^VBGB Uptown, LLC dba VBGB Beer Hall & Garden	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	6/8/2026	84.0	81.4	68.5	0.03 %
^ScimTech Industries Inc dba Archer Aerospace	Computer and Electronic Product Manufacturing	Term Loan	Prime plus 2.75%	6/6/2026	12.0	11.6	9.8	— %
^Larry H. Patterson and Rainbow Movers, Inc	Truck Transportation	Term Loan	Prime plus 2.75%	6/6/2026	22.5	21.8	18.5	0.01 %
^Solvit Inc and Solvit North Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	6/3/2026	250.0	242.3	214.7	0.10 %
^AP5 LLC dba Krauser's Food Store	Food and Beverage Stores	Term Loan	Prime plus 2.75%	6/2/2041	242.5	240.8	239.1	0.11 %
^ATI Jet Inc	Air Transportation	Term Loan	Prime plus 2.75%	5/31/2026	518.8	499.9	441.7	0.21 %
^Farmer Boy Diner Inc dba Farmer Boy Diner & Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/31/2026	50.0	48.1	48.3	0.02 %
Angelo Faia dba AVF Construction	Construction of Buildings	Term Loan	Prime plus 2.75%	5/27/2041	100.0	98.7	97.3	0.05 %
^Premier Athletic Center of Ohio, Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	5/27/2026	87.5	84.3	84.6	0.04 %
^MNM Printing and Marketing Solutions LLC dba AlphaGraphics of Saint Louis	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	5/27/2026	18.8	18.1	15.2	0.01 %
^Mersada Holdings LLC	Nonstore Retailers	Term Loan	Prime plus 2.75%	5/26/2026	337.5	325.0	326.1	0.16 %

Field: Page; Sequence: 105

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 97 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Jack Frost Firewood Inc. and David Dubinsky	Industry — Building Material and Garden Equipment and Supplies Dealers	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 5/26/2041	206.3	204.5	200.1	0.10 %
^Southwest Division Inc	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	5/26/2026	8.3	7.9	7.1	— %
^International Kitchen Supply LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	5/25/2026	186.8	179.8	160.3	0.08 %
^PennyLion LLC dba Creamistry	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/25/2026	81.0	81.0	70.1	0.03 %
^Groth Lumber Co. Inc. dba True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	5/25/2026	22.5	21.7	21.7	0.01 %
^Island Life Graphics Inc dba FASTSIGNS #576	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	5/24/2026	22.5	21.7	18.5	0.01 %
^Powerspec Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	5/24/2026	87.5	84.3	71.0	0.03 %
^Horseshoe Barbecue, LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/23/2029	15.0	14.2	14.4	0.01 %
^Pro Auto Repair LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/20/2026	7.5	7.2	6.9	— %
^Elderfriend Inc dba Granny Nannies dba GN Live Scan	Social Assistance	Term Loan	Prime plus 2.75%	5/20/2026	12.8	12.3	10.3	— %
^CM Lab Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	5/20/2026	172.6	169.5	156.1	0.07 %
^National Air Cargo Holdings Inc	Air Transportation	Term Loan	Prime plus 2.75%	5/20/2026	1,250.0	1,205.2	1,174.9	0.56 %
^J&A Laundromat Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	5/18/2026	67.5	65.0	56.3	0.03 %
^HBA LLC dba Palmetto Twist-Vista	Repair and Maintenance	Term Loan	Prime plus 2.75%	5/18/2026	22.5	21.7	18.7	0.01 %
^Dedicated Incorporated	Administrative and Support Services	Term Loan	Prime plus 2.75%	5/18/2041	46.5	46.1	45.9	0.02 %
^Studio Find It Georgia Inc	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	5/13/2026	22.5	21.7	18.9	0.01 %
^FJN Catering Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/13/2041	262.5	260.7	266.9	0.13 %
^LED Lighting Enterprises LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	5/13/2026	22.5	21.7	18.8	0.01 %
^J. Harris Trucking, LLC	Truck Transportation	Term Loan	Prime plus 2.75%	5/13/2026	60.0	41.6	37.4	0.02 %

Field: Page; Sequence: 106

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 98 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Luv 2 Play OC Inc	Industry — Amusement, Gambling, and Recreation Industries	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 5/12/2026	62.5	62.5	52.6	0.03 %
^Pumpkin Patch Inc and Christine Feliciano and Antonio Feliciano	Social Assistance	Term Loan	Prime plus 2.75%	5/12/2041	132.5	131.4	129.1	0.06 %
^The Delon Group LLC dba I Love Juice Bar	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/12/2026	55.0	53.0	44.6	0.02 %
^Sabir Inc. dba Bear Diner	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	5/11/2041	123.8	122.9	124.1	0.06 %
^Gator D'Lites LLC dba D'Lites Emporium	Food and Beverage Stores	Term Loan	Prime plus 2.75%	5/5/2026	22.5	21.7	18.2	0.01 %
^Warner Home Comfort, LLC dba Smith Piping	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	4/29/2041	82.5	81.7	80.4	0.04 %
^Keller, Fishback & Jackson LLP	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	4/29/2026	131.8	125.1	125.5	0.06 %
^Marc S. Rosenberg P.C. dba Mammuth and Rosenberg	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	4/29/2026	22.5	21.5	18.1	0.01 %
^May-Craft Fiberglass Products Inc	Transportation Equipment Manufacturing	Term Loan	Prime plus 2.75%	4/29/2041	247.5	245.0	253.3	0.12 %
^Alpha Omega Trucking LLC	Truck Transportation	Term Loan	Prime plus 2.75%	4/29/2041	175.8	174.7	180.6	0.09 %
^Scoler LLC dba Gold's Gym	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/29/2026	262.5	251.1	222.2	0.11 %
^Loriet LLC	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	4/29/2026	7.5	7.2	6.1	— %
^La Nopalera Mexicano 2, Inc.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	4/29/2026	125.5	123.0	123.5	0.06 %
^Euro Car Miami LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	4/29/2026	62.5	59.9	60.1	0.03 %
^Hard Exercise Works Winter Park LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/29/2026	40.8	39.0	32.8	0.02 %
^Empowerschool LLC and Empower Autism Academy, LLC	Social Assistance	Term Loan	Prime plus 2.75%	4/29/2041	151.9	150.4	155.2	0.07 %
^Inner Beauty Salon and Suite LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	4/28/2041	65.0	64.4	65.8	0.03 %
^Atlantic Restaurant Associates LLC	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	4/28/2041	262.5	259.9	263.0	0.13 %

Field: Page; Sequence: 107

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 99 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Costume World Inc	Industry — Clothing and Clothing Accessories Stores	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 4/28/2041	1,250.0	1,239.6	1,281.2	0.61 %
^Pecos Inn LLC dba Econo Lodge	Accommodation	Term Loan	Prime plus 2.75%	4/28/2041	677.5	670.8	678.0	0.32 %
^North American Manufacturing Company	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	4/28/2026	160.0	153.1	153.6	0.07 %
^Shepherd Appraisal Services LLC dba Property Damage Appraisers of Oklahoma	Real Estate	Term Loan	Prime plus 2.75%	4/28/2026	9.0	8.6	7.2	— %
^Knowledge First Inc dba Magic Years of Learning	Social Assistance	Term Loan	Prime plus 2.75%	4/27/2026	80.0	76.5	71.8	0.03 %
^Green Country Filter Manufacturing LLC	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	4/27/2026	84.3	80.6	69.8	0.03 %
^Accent Comfort Services, LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	4/26/2026	90.0	86.1	72.5	0.03 %
^Homecare Casa Rhoda 123 Inc	Ambulatory Health Care Services	Term Loan	Prime plus 2%	4/26/2041	675.0	667.4	642.3	0.31 %
^McIntosh Trail Management Services Organization Inc	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	4/22/2041	425.0	420.8	434.9	0.21 %
^Automotive Core Recycling, LLC and 828 Old Colony Road, LLC	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	4/22/2041	250.0	247.5	234.1	0.11 %
^AAA Mill Direct, Inc. dba Carpet Mill Outlets	Furniture and Home Furnishings Stores	Term Loan	Prime plus 2.75%	4/21/2026	7.9	7.5	7.6	— %
^Jande Graphics LLC dba FastSigns #103201	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	4/21/2026	56.0	53.6	45.1	0.02 %
^Miguel Fernando Borda, P.A. dba BGR Dental	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	4/15/2026	22.5	21.5	18.7	0.01 %
^LE & JS dba Laredo Mercado Y Carniceria	Food and Beverage Stores	Term Loan	Prime plus 2.75%	4/13/2026	20.0	19.1	16.1	0.01 %
^Sushiya Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	4/12/2026	87.5	83.8	73.6	0.04 %
^Sierra Foothill Cremation & Funeral Service, Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	4/7/2026	53.0	50.8	42.8	0.02 %
^Waterfalls Quick Lube LLC and Veracruz Shabo LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	4/6/2041	271.3	269.3	270.3	0.13 %
^KNS Early Learning Academy LLC	Social Assistance	Term Loan	Prime plus 2.75%	4/6/2041	51.0	50.5	49.4	0.02 %
^Duke's Cleaners Inc	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/31/2026	47.0	44.7	41.0	0.02 %

Field: Page; Sequence: 108

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 100 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Cameo Carter, MD A Professional Corporation	Industry — Ambulatory Health Care Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/31/2026	75.0	71.3	60.0	0.03 %
^Farhad Brothers LLC dba Lulu's Pizzeria & Family Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/31/2026	66.8	59.6	50.1	0.02 %
^Christian Soderquist dba Soderquist Plumbing and Heating LLC	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/31/2041	56.8	56.1	57.7	0.03 %
^Vehicle Safety Supply LLC	Motor Vehicle and Parts Dealers	Term Loan	Prime plus 2.75%	3/31/2026	22.5	21.4	18.0	0.01 %
^Men of Steel Enterprises LLC and Vogelbacher Properties LLC	Fabricated Metal Product Manufacturing	Term Loan	Prime plus 2.75%	3/31/2041	393.5	389.0	362.2	0.17 %
^Gill Express Inc and Blue Speed LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/31/2041	518.0	512.1	505.3	0.24 %
^Dana A. Farley dba Independent Cabinets	Furniture and Related Product Manufacturing	Term Loan	Prime plus 2.75%	3/31/2041	67.5	66.7	68.9	0.03 %
^NOSO Development, LLC	Construction of Buildings	Term Loan	Prime plus 2.75%	3/30/2026	187.5	178.2	149.9	0.07 %
^Wyldewood Cellars, Inc.	Beverage and Tobacco Product Manufacturing	Term Loan	Prime plus 2.75%	3/30/2041	986.8	985.8	936.7	0.45 %
^Gordon Rogers and Heidi Rogers dba Stone House Motor Inn	Accommodation	Term Loan	Prime plus 2.75%	3/30/2026	22.5	21.6	21.7	0.01 %
^Beale Street Blues Company-West Palm Beach, LLC	Performing Arts, Spectator Sports, and Related Industries	Term Loan	Prime plus 2.75%	3/30/2026	93.8	89.1	77.1	0.04 %
^Tom Sawyer Country Restaurant LLC and AM 3208 LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/30/2041	257.5	254.6	258.5	0.12 %
^MTS Car Service LLC	Transit and Ground Passenger Transportation	Term Loan	Prime plus 2.75%	3/30/2026	10.5	10.0	8.4	— %
^Atlantis of Daytona LLC and Pierre Mamane and Eva Mamane	Clothing and Clothing Accessories Stores	Term Loan	Prime plus 2%	3/29/2041	525.0	513.5	505.1	0.24 %
^Barrocas Gym LLC dba Snap Fitness	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/29/2026	22.5	21.1	19.1	0.01 %
^Vinmar Inc. dba Locanda Portofino	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/29/2026	81.3	77.2	65.0	0.03 %
^Lust for Life Footwear, LLC	Leather and Allied Product Manufacturing	Term Loan	Prime plus 2.75%	3/29/2026	375.0	356.4	299.9	0.14 %
^Marathon Engineering Corporation	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	3/28/2041	45.0	44.5	44.7	0.02 %
^PHCDC1 LLC dba Quarter + Glory and Public House Collective, Corp.	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/28/2026	50.0	47.5	42.5	0.02 %

Field: Page; Sequence: 109

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 101 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^ReNew Interior Surface Cleaning LLC dba Randy's Carpet Care and Upholstery	Industry — Administrative and Support Services	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/28/2026	12.4	11.8	11.5	0.01 %
^RCB Enterprises, Inc.	Administrative and Support Services	Term Loan	Prime plus 2.75%	3/25/2026	56.3	53.5	45.0	0.02 %
^Revolution Physical Therapy LLC dba Apex Network Physical Therapy	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	3/25/2026	22.5	21.6	18.7	0.01 %
^Excel RP Inc	Machinery Manufacturing	Term Loan	Prime plus 2.75%	3/25/2026	125.0	118.8	106.7	0.05 %
^Lowgap Grocery & Grill LLC	General Merchandise Stores	Term Loan	Prime plus 2.75%	3/24/2041	167.5	165.6	171.1	0.08 %
^ActKnowledge, Inc.	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/24/2026	125.0	118.8	119.1	0.06 %
^International Construction Inc	Heavy and Civil Engineering Construction	Term Loan	Prime plus 2.75%	3/24/2041	50.0	49.5	48.4	0.02 %
^Flooring Liquidators Inc and Premier Flooring Yonkers Inc and Flooring	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/24/2026	50.0	47.5	46.2	0.02 %
^Acton Hardware LLC and Mark Allgood & Jamie Allgood	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	3/24/2041	498.6	492.9	472.6	0.23 %
^The Youth Fountain LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	3/23/2026	47.5	45.2	38.0	0.02 %
^Magnation Corporation and Misha Family Trust	Merchant Wholesalers, Durable Goods	Term Loan	Prime plus 2.75%	3/22/2041	101.3	100.4	103.7	0.05 %
^growth.period LLC and Potomac Recruiting LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/21/2026	156.3	148.5	124.9	0.06 %
^Precious Care LLC and Precious Care Management LLC	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	3/21/2026	557.5	529.8	449.0	0.21 %
^Media Capital Partners, Inc	Securities, Commodity Contracts, and Other Financial Investments and Related Activities	Term Loan	Prime plus 2.75%	3/21/2026	22.5	21.4	18.0	0.01 %
^Pro Tech Technology LLC	Support Activities for Transportation	Term Loan	Prime plus 2.75%	3/18/2026	7.5	7.1	6.0	— %
^Taylors Zinn Enterprises Inc dba Eons Auto Care Inc	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/18/2041	80.8	79.8	81.5	0.04 %
^ERT Group Inc and Curt's Tools Inspection Inc	Support Activities for Mining	Term Loan	Prime plus 2.75%	3/18/2041	1,250.0	1,237.6	1,216.3	0.58 %
^Kekoa Enterprises Inc dba Signarama Sandy	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/18/2026	49.5	47.0	39.6	0.02 %
^Mariam Diner Inc dba Country Kitchen Restaurant	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/18/2026	52.5	49.9	42.0	0.02 %

Field: Page; Sequence: 110

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 102 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^Brian T Rice dba BD Logging	Industry — Forestry and Logging	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/17/2026	15.8	15.0	13.5	0.01 %
^Auto and Property Insurance Solutions	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	3/16/2026	16.4	15.4	12.9	0.01 %
^Demand Printing Solutions Inc.	Printing and Related Support Activities	Term Loan	Prime plus 2.75%	3/16/2026	21.8	20.7	19.5	0.01 %
^LAN Doctors Inc	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/16/2026	55.0	52.3	52.4	0.03 %
^Evergreen Pallet LLC and Evergreen Recycle LLC	Wood Product Manufacturing	Term Loan	Prime plus 2.75%	3/16/2026	1,039.3	988.2	882.4	0.42 %
^K Soles Corp dba Max Collections	Merchant Wholesalers, Nondurable Goods	Term Loan	Prime plus 2.75%	3/16/2026	22.5	21.4	18.0	0.01 %
^R & D Enterprises Inc dba My Pool Man	Administrative and Support Services	Term Loan	Prime plus 2.75%	3/15/2026	50.0	47.5	40.0	0.02 %
^HEWZ, LLC dba Hard Exercise Works	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	3/14/2026	22.5	21.4	18.0	0.01 %
^Mustafa Inc and Raouf Properties LLC	Food and Beverage Stores	Term Loan	Prime plus 2.75%	3/14/2041	75.0	74.1	75.4	0.04 %
^Country Paint and Hardware Inc	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	3/11/2026	87.4	83.0	71.5	0.03 %
^Wilban LLC	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/11/2026	105.0	100.2	94.8	0.05 %
^ABCs & 123s Infant and Child Care Center LP	Social Assistance	Term Loan	Prime plus 2.75%	3/11/2026	11.3	10.7	9.0	— %
^Accuair Control Systems LLC dba Accuair Suspension	Transportation Equipment Manufacturing	Term Loan	Prime plus 2.75%	3/11/2026	150.0	142.6	122.8	0.06 %
^Dupre Capital LLC dba Fastsigns	Miscellaneous Manufacturing	Term Loan	Prime plus 2.75%	3/11/2026	58.4	55.5	46.7	0.02 %
^Magill Truck Line LLC and Jeff J. Ralls	Truck Transportation	Term Loan	Prime plus 2.75%	3/11/2029	210.8	203.6	183.0	0.09 %
^Fayette Computer Consulting Company	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/10/2026	22.5	21.4	18.9	0.01 %
^State Painting & Decorating Co., Inc.	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/10/2026	103.8	98.6	83.0	0.04 %
^B.P.T.M. of NV LLC and Agentis Bros., LLC	Repair and Maintenance	Term Loan	Prime plus 2.75%	3/9/2041	525.0	519.0	513.8	0.25 %
^Step Up Academy of the Arts LLC	Educational Services	Term Loan	Prime plus 2.75%	3/9/2026	8.0	7.6	6.4	— %

Field: Page; Sequence: 111

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 103 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

Portfolio Company — ^A & A Auto Care LLC	Industry — Repair and Maintenance	Type of Investment — Term Loan	Interest Rate (2) — Prime plus 2.75%	Maturity — 3/9/2026	12.2	11.5	11.0	0.01 %
^Faith Summit Supply Inc dba Summit Supply and Summit True Value	Building Material and Garden Equipment and Supplies Dealers	Term Loan	Prime plus 2.75%	3/9/2026	22.5	21.4	19.4	0.01 %
^Swerve Salon LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	3/8/2026	79.0	75.1	63.2	0.03 %
^J & W Hardwood Flooring Inc	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	3/7/2026	7.5	7.1	6.0	— %
^Labmates LLC and POV Holdings LLC	Miscellaneous Store Retailers	Term Loan	Prime plus 2.75%	3/4/2041	109.3	108.0	111.6	0.05 %
^Hueston and Company CPA LLC	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	3/4/2026	8.3	7.7	6.7	— %
^Almost Home Daycare LLC	Social Assistance	Term Loan	Prime plus 2.75%	3/3/2026	50.0	47.5	46.3	0.02 %
^Miles of Smiles Inc	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	3/2/2026	93.5	90.5	77.9	0.04 %
^Johnson & Dugan Insurance Services Corp	Insurance Carriers and Related Activities	Term Loan	Prime plus 2.75%	2/28/2026	62.5	59.0	49.7	0.02 %
^Living Essentials HVAC Corp	Specialty Trade Contractors	Term Loan	Prime plus 2.75%	2/28/2026	15.0	14.2	12.1	0.01 %
^Consulting Solutions, Inc. and Mark Luciani	Professional, Scientific, and Technical Services	Term Loan	Prime plus 2.75%	2/28/2026	11.3	10.6	10.4	— %
^Doxa Deo Inc dba Luv 2 Play	Amusement, Gambling, and Recreation Industries	Term Loan	Prime plus 2.75%	2/28/2026	105.0	103.5	90.3	0.04 %
^The River Beas, LLC dba Subway and Punam Singh	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/28/2041	135.9	134.1	136.7	0.07 %
^Drug Detection Laboratories, Inc. and Minh Tran	Ambulatory Health Care Services	Term Loan	Prime plus 2.75%	2/28/2026	19.8	18.7	16.0	0.01 %
^Powerpits CS1, LLC dba Pita Pit	Food Services and Drinking Places	Term Loan	Prime plus 2.75%	2/28/2026	18.8	17.7	15.8	0.01 %
^Blackstones Hairdressing LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/23/2026	52.0	49.4	42.0	0.02 %
^Aaradhya LLC dba Market Square Laundry	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/23/2026	80.0	75.5	63.5	0.03 %
^R-No-Landscaping LLC	Personal and Laundry Services	Term Loan	Prime plus 2.75%	2/19/2026	8.3	7.8	6.7	— %
^BER Enterprise 332 Inc dba Edible Arrangements	Food and Beverage Stores	Term Loan	Prime plus 2.75%	2/19/2026	22.5	21.3	18.1	0.01 %

Field: Page; Sequence: 112

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 104 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^R & K Contracting Inc | Industry — Specialty Trade Contractors | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 2/18/2026 | 15.8 | 15.0 | 14.5 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Pacific Coast Medical Group LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 2/17/2026 | 245.0 | 231.3 | 231.9 | 0.11 % |
| ^B for Blonde, LLC dba Blo Blow Dry Bar | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 2/12/2026 | 62.0 | 59.3 | 50.0 | 0.02 % |
| ^Gilmore Heights Dental Holdings, LTD and Chas Rob LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 2/12/2029 | 310.3 | 298.6 | 272.7 | 0.13 % |
| ^Ei3 Corporation | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/12/2026 | 326.9 | 308.6 | 309.5 | 0.15 % |
| ^Jersey Shore Marina & Boat Sales, Inc. | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 2/12/2041 | 625.0 | 617.7 | 638.2 | 0.31 % |
| ^Base USA, Inc. | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 2/2/2026 | 50.0 | 47.2 | 47.4 | 0.02 % |
| ^Nowatzke Service Center Inc dba Nowatzke Truck and Trailer | Repair and Maintenance | Term Loan | Prime plus 2.75% | 1/29/2026 | 105.0 | 98.6 | 98.9 | 0.05 % |
| ^Zouk Ltd dba Palma | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/29/2026 | 22.5 | 21.1 | 21.2 | 0.01 % |
| ^Tammy Lavertue | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | Term Loan | Prime plus 2.75% | 1/28/2026 | 11.3 | 10.5 | 10.2 | — % |
| ^SuzyQue's LLC dba SuzyQue's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/28/2026 | 22.5 | 21.2 | 21.2 | 0.01 % |
| ^Wildflour Bakery & Cafe LLC | Social Assistance | Term Loan | Prime plus 2.75% | 1/28/2026 | 62.5 | 58.6 | 57.2 | 0.03 % |
| ^New Image Building Services, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/19/2026 | 83.1 | 78.0 | 69.1 | 0.03 % |
| ^Oak Tree Storage LLC | Other Information Services | Term Loan | Prime plus 2.75% | 1/19/2026 | 78.8 | 73.8 | 63.4 | 0.03 % |
| ^Gendron Funeral and Cremation Services, Inc. | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 1/11/2041 | 112.5 | 109.4 | 113.0 | 0.05 % |
| ^Dolarian Realty LLC and OV's Restaurant Inc | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/5/2041 | 67.8 | 66.9 | 69.1 | 0.03 % |
| ^Lemonberry Food Stores Inc dba Lemonberry Frozen Yogurt | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 12/29/2025 | 112.5 | 104.8 | 91.8 | 0.04 % |
| ^MCF Forte LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/29/2025 | 18.8 | 17.5 | 14.9 | 0.01 % |
| ^Panditos LLC dba White Lotus Home | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 12/28/2025 | 15.9 | 14.8 | 12.5 | 0.01 % |

Field: Page; Sequence: 113

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 105 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Bright Dialysis LLC and Ft Pierce Kidney Care LLC | Industry — Ambulatory Health Care Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 12/28/2025 | 1,250.0 | 1,164.4 | 982.9 | 0.47 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^V2 Tango LLC dba Palette 22 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/23/2025 | 250.0 | 232.9 | 202.5 | 0.10 % |
| ^Ridge Road Equestrian LLC dba Ricochet Ridge Ranch Inc | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 12/23/2040 | 102.5 | 100.8 | 100.7 | 0.05 % |
| ^800 on the Trax LLC and Matrix Z LLC | Nonmetallic Mineral Product Manufacturing | Term Loan | Prime plus 2.75% | 12/23/2040 | 240.0 | 237.2 | 235.1 | 0.11 % |
| ^Optima Health Care Inc | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/23/2025 | 62.5 | 58.2 | 58.4 | 0.03 % |
| ^B&B Organics LLC | Beverage and Tobacco Product Manufacturing | Term Loan | Prime plus 2.75% | 12/22/2040 | 375.0 | 368.9 | 381.0 | 0.18 % |
| ^Joyce Outdoor Advertising Chicago LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/22/2040 | 300.0 | 297.0 | 292.6 | 0.14 % |
| ^The LAX Shop Inc | Sporting Goods, Hobby, Musical Instrument, and Book Stores | Term Loan | Prime plus 2.75% | 12/22/2025 | 125.0 | 91.4 | 91.6 | 0.04 % |
| ^Premier Athletic Center of Ohio Inc. and Gates Investments and
Wade Gates | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 12/22/2028 | 882.0 | 840.0 | 848.3 | 0.41 % |
| ^Hattingh Incorporated dba Prosthetic Care Facility | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/21/2025 | 18.0 | 16.8 | 14.9 | 0.01 % |
| ^G.W. Fitness Centers, LLC and J.G. Fitness LLC and NP Gym LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 12/18/2040 | 1,025.0 | 1,008.3 | 1,041.3 | 0.50 % |
| ^Trip Consultants U.S.A. Inc. | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/18/2025 | 175.0 | 163.0 | 137.1 | 0.07 % |
| ^Jay Kevin Gremillion dba Dino Smiles Children's Cosmetic Dentistry | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/18/2025 | 73.0 | 69.8 | 60.5 | 0.03 % |
| ^Accent Tag and Label Inc | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 12/18/2040 | 665.8 | 652.2 | 649.1 | 0.31 % |
| ^Abbondanza Market LLC dba Hampton Falls Village Market | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 12/18/2025 | 73.8 | 62.7 | 54.7 | 0.03 % |
| ^Capital Scrap Metal LLC | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/18/2025 | 36.0 | 33.5 | 28.7 | 0.01 % |
| ^Labmates LLC | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 12/18/2040 | 162.5 | 159.9 | 165.1 | 0.08 % |
| ^Sourceco Limited Liability Company | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/17/2025 | 62.5 | 58.3 | 51.0 | 0.02 % |

Field: Page; Sequence: 114

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 106 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Mustafa Inc dba Adiba Grocery | Industry — Food and Beverage Stores | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 12/17/2025 | 103.8 | 96.7 | 96.2 | 0.05 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Learning Skills LLC and Christopher Shrope | Educational Services | Term Loan | Prime plus 2.75% | 12/17/2025 | 10.8 | 10.1 | 8.5 | — % |
| ^New York Home Health Care Equipment, LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/16/2025 | 875.0 | 817.8 | 801.9 | 0.38 % |
| ^Moments to Remember USA LLC dba Retain Loyalty | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/16/2025 | 75.0 | 70.0 | 65.3 | 0.03 % |
| ^Swalm Sreet LLC and New York Home Health Care Equipment LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/16/2040 | 375.0 | 370.1 | 376.1 | 0.18 % |
| ^JAG Unit 1, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/16/2025 | 250.0 | 233.3 | 196.2 | 0.09 % |
| ^D&G Capital LLC dba Miami Grill 277 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/16/2025 | 83.8 | 87.2 | 80.6 | 0.04 % |
| ^Abitino's JFK LLC dba Abitino's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/16/2022 | 125.0 | 113.8 | 100.8 | 0.05 % |
| ^SDA Holdings LLC and Les Cheveux Salon Inc | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/15/2040 | 428.8 | 421.1 | 412.2 | 0.20 % |
| ^Evans & Paul LLC and E&P Holdings I LLC | Nonmetallic Mineral Product Manufacturing | Term Loan | Prime plus 2.75% | 12/15/2025 | 125.0 | 116.4 | 101.5 | 0.05 % |
| ^Basista Family Limited Partnership and UPE, Inc. | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 12/14/2040 | 342.5 | 336.9 | 333.8 | 0.16 % |
| ^DC Enterprises Ltd. dba Lakeview True Value | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 12/14/2025 | 22.5 | 21.0 | 19.9 | 0.01 % |
| ^Tri-State Remodeling & Investments, LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/11/2025 | 15.9 | 14.8 | 14.3 | 0.01 % |
| ^Alexandra Afentoulides dba Vi's Pizza Restaurant | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/11/2040 | 46.3 | 45.5 | 47.0 | 0.02 % |
| ^AGR Foodmart Inc dba Nashua Road Mobil | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/11/2025 | 22.5 | 21.0 | 19.9 | 0.01 % |
| ^ENI Inc. dba ENI Group, Inc | Other Information Services | Term Loan | Prime plus 2.75% | 12/11/2025 | 36.0 | 33.5 | 29.7 | 0.01 % |
| ^Cares, Inc dba Dumpling Grounds Day Care Center | Social Assistance | Term Loan | Prime plus 2.75% | 12/10/2025 | 7.5 | 7.0 | 6.9 | — % |
| ^Custom Exteriors, Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/9/2025 | 100.0 | 93.2 | 81.5 | 0.04 % |
| ^Sushiya, Inc. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/8/2025 | 108.8 | 101.3 | 88.9 | 0.04 % |
| ^My Jewels, LLC dba The UPS Store #6712 | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/7/2025 | 56.3 | 33.2 | 27.9 | 0.01 % |

Field: Page; Sequence: 115

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 107 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Food & Fuel Company LLC dba Lowery Food Mart | Industry — Food and Beverage Stores | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 12/4/2040 | 122.5 | 120.5 | 124.2 | 0.06 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Blue Ox Trucking Inc. | Truck Transportation | Term Loan | Prime plus 2.75% | 12/4/2025 | 12.3 | 11.5 | 11.5 | 0.01 % |
| ^LC Blvd Holdings LLC and Mt Pleasant Wash & Wax LLC | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/4/2040 | 502.5 | 494.3 | 497.1 | 0.24 % |
| ^American Campgrounds LLC dba Whit's End Campground | Accommodation | Term Loan | Prime plus 2.75% | 12/4/2040 | 293.0 | 288.2 | 290.4 | 0.14 % |
| ^Tariq, LLC dba 76 Food Mart | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/2/2040 | 375.0 | 368.9 | 371.4 | 0.18 % |
| ^401 JJS, Corp and G. Randazzo's Trattoria Corporation | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/1/2040 | 52.8 | 52.1 | 51.6 | 0.02 % |
| ^Delta Aggregate, LLC | Mining (except Oil and Gas) | Term Loan | Prime plus 2.75% | 11/30/2025 | 100.0 | 95.4 | 95.7 | 0.05 % |
| ^Block and Grinder LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/30/2025 | 200.0 | 187.5 | 186.6 | 0.09 % |
| ^Hurshell Leon Dutton dba High Jump Party Rentals | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 11/30/2025 | 17.6 | 16.2 | 16.0 | 0.01 % |
| ^Japp Business Inc dba Pick and Eat and Japp Drink Corp. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/30/2025 | 125.0 | 115.6 | 102.7 | 0.05 % |
| ^Smokeyard Inc dba Smokeyard BBQ and Chop Shop | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/30/2025 | 125.0 | 115.6 | 99.6 | 0.05 % |
| ^Alejandro Rico dba Rico Motors and Golden West Motel and Alrima
Co Inc | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 11/25/2040 | 146.3 | 143.9 | 148.4 | 0.07 % |
| ^State Painting and Decorating Co Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/25/2025 | 100.0 | 92.5 | 77.8 | 0.04 % |
| ^Medeiros Holdings Inc dba Outdoor Lighting Perspectives of the
Triad | Electrical Equipment, Appliance, and Component Manufacturing | Term Loan | Prime plus 2.75% | 11/25/2025 | 22.5 | 20.7 | 17.4 | 0.01 % |
| ^DWeb Studio, Inc. | Educational Services | Term Loan | Prime plus 2.75% | 11/25/2025 | 11.3 | 10.4 | 8.7 | — % |
| ^Sambella Holdings, LLC and Strike Zone Entertainment Center LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 11/23/2040 | 750.0 | 747.7 | 764.6 | 0.37 % |
| ^Play and Learn Child Care and School Inc | Social Assistance | Term Loan | Prime plus 2.75% | 11/23/2025 | 11.1 | 10.3 | 10.3 | — % |
| ^Ronny Ramirez RX Corp dba Naturxheal Family Pharmacy | Health and Personal Care Stores | Term Loan | Prime plus 2.75% | 11/20/2025 | 89.0 | 83.4 | 71.7 | 0.03 % |
| ^Haven Hospitality Group Inc. dba Haven Gastropub | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/20/2025 | 132.5 | 122.6 | 105.2 | 0.05 % |

Field: Page; Sequence: 116

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 108 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^CNYP 717 Irondequoit LLC and CNYP 2002 Ontario LLC | Industry — Food Services and Drinking Places | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 11/20/2040 | 244.4 | 240.0 | 224.7 | 0.11 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^S.B.B. Enterprises Inc dba Williamston Hardware | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 11/19/2040 | 108.8 | 106.6 | 100.1 | 0.05 % |
| ^Key Pix Productions Inc. dba Air Bud Entertainment | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 11/18/2040 | 839.8 | 824.8 | 851.8 | 0.41 % |
| ^Holloway & CO. P.L.L.C. | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 11/16/2025 | 75.0 | 69.4 | 69.5 | 0.03 % |
| ^RDT Enterprises, L.L.C. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/12/2025 | 22.5 | 20.8 | 19.5 | 0.01 % |
| ^E.S.F.P. LLC dba Volusia Van and Storage | Truck Transportation | Term Loan | Prime plus 2.75% | 11/11/2025 | 91.3 | 84.4 | 72.8 | 0.03 % |
| ^Green Life Lawnscapes LLC dba Green Life Lawn Care | Administrative and Support Services | Term Loan | Prime plus 2.75% | 11/6/2025 | 127.3 | 117.7 | 114.7 | 0.05 % |
| ^Joseph Nich and Tina M. Nich dba Vic's Greenhouses | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 11/4/2025 | 62.5 | 58.2 | 58.3 | 0.03 % |
| ^Jumbomarkets Inc dba Rines Jumbomarkets | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 11/4/2025 | 306.3 | 283.3 | 274.8 | 0.13 % |
| ^Bisson Transportation Inc dba I & R Associates and Document
Secutiry | Truck Transportation | Term Loan | Prime plus 2.75% | 10/30/2025 | 22.5 | 20.7 | 19.4 | 0.01 % |
| ^Top Cat Ready Mix, LLC, Ples Investments LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 10/28/2025 | 711.3 | 653.6 | 572.5 | 0.27 % |
| ^L.M. Jury Enterprises, Inc dba Midwest Monograms | Textile Product Mills | Term Loan | Prime plus 2.75% | 10/28/2025 | 77.0 | 70.6 | 60.8 | 0.03 % |
| ^Windsor Direct Distribution LLC | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 10/26/2025 | 14.3 | 13.0 | 11.0 | 0.01 % |
| ^Financial Network Recovery | Administrative and Support Services | Term Loan | Prime plus 2.75% | 10/26/2025 | 40.0 | 36.8 | 30.9 | 0.01 % |
| ^Insurance Fire & Water Restorations, LLC | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 10/23/2025 | 22.5 | 20.7 | 19.6 | 0.01 % |
| ^Jacksonville Beauty Institute Inc. | Educational Services | Term Loan | Prime plus 2.75% | 10/23/2025 | 50.0 | 45.9 | 38.6 | 0.02 % |
| ^Werthan Packaging Inc. | Paper Manufacturing | Term Loan | Prime plus 2.75% | 10/14/2025 | 1,162.5 | 1,104.0 | 1,030.3 | 0.49 % |
| ^Tannehill Enterprises Inc dba Hobbytown USA Folsom | Sporting Goods, Hobby, Musical Instrument, and Book Stores | Term Loan | Prime plus 2.75% | 10/14/2025 | 87.4 | 80.2 | 67.5 | 0.03 % |
| ^ADMO Inc dba Mid States Equipment | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 10/8/2025 | 22.5 | 20.7 | 17.9 | 0.01 % |

Field: Page; Sequence: 117

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 109 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^SCJEN Management Inc dba Bowl of Heaven | Industry — Food Services and Drinking Places | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/30/2025 | 71.3 | 65.7 | 55.2 | 0.03 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Naeem Khan LTD | Apparel Manufacturing | Term Loan | Prime plus 2.75% | 9/30/2025 | 125.0 | 114.0 | 95.8 | 0.05 % |
| ^Accent Homes Services LLC dba Benjamin Franklin Plumbing of Kansas
City | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 9/30/2028 | 66.5 | 62.4 | 60.4 | 0.03 % |
| ^Recycling Consultants, Inc. and Prairie State Salvage and Recycling | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 9/30/2027 | 767.5 | 714.8 | 643.3 | 0.31 % |
| ^Barub Realty LLC and Barub LLC dba Woodlawn Cabinets | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 9/30/2040 | 143.0 | 140.0 | 143.9 | 0.07 % |
| ^R.H. Hummer Jr., Inc. | Truck Transportation | Term Loan | Prime plus 2.75% | 9/30/2025 | 375.0 | 354.3 | 338.4 | 0.16 % |
| ^Bat Bridge Investments Inc dba Kalologie 360 Spa | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/30/2025 | 85.5 | 79.5 | 66.8 | 0.03 % |
| ^Binky's Vapes LLC | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 9/30/2025 | 22.5 | 20.5 | 17.2 | 0.01 % |
| ^Joyce Outdoor Advertising LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/29/2040 | 234.8 | 231.0 | 235.0 | 0.11 % |
| ^Greensward of Marco Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 9/28/2040 | 87.5 | 85.7 | 84.4 | 0.04 % |
| ^RIM Investments LLC and RIM Architects LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/28/2040 | 399.0 | 390.7 | 383.0 | 0.18 % |
| ^The Grasso Companies LLC and Grasso Pavement Maintenance LLC | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 9/28/2025 | 518.8 | 469.8 | 469.2 | 0.22 % |
| ^South Towne Dental Center, P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/25/2025 | 50.0 | 45.6 | 45.7 | 0.02 % |
| ^Hemingway Custom Cabinetry LLC | Furniture and Related Product Manufacturing | Term Loan | Prime plus 2.75% | 9/25/2025 | 220.0 | 200.6 | 172.8 | 0.08 % |
| ^Daniel W. Stark dba Mountain Valley Lodge and RV Park | Accommodation | Term Loan | Prime plus 2.75% | 9/25/2040 | 13.5 | 13.2 | 13.6 | 0.01 % |
| ^Sandlot Ventures LLC and Sandbox Ventures LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/25/2040 | 442.5 | 433.9 | 418.9 | 0.20 % |
| ^Yachting Solutions LLC | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 9/25/2040 | 962.5 | 942.4 | 908.0 | 0.43 % |
| ^Prestigious LifeCare for Seniors LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/25/2025 | 9.8 | 9.0 | 8.2 | — % |
| ^St Lawrence Hotel Corp and Oheka Catering Inc dba Quality Inn | Accommodation | Term Loan | Prime plus 2.75% | 9/24/2040 | 625.0 | 611.9 | 608.5 | 0.29 % |

Field: Page; Sequence: 118

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 110 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Hagerstown Muffler, Inc. and JMS Muffler, Inc | Industry — Repair and Maintenance | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/24/2040 | 327.5 | 320.7 | 331.0 | 0.16 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^J.R. Wheeler Corporation dba Structurz Exhibits and Graphics | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 10/24/2025 | 21.0 | 19.2 | 19.2 | 0.01 % |
| ^Rutledge Enterprises Inc dba BLC Property Management | Administrative and Support Services | Term Loan | Prime plus 2.75% | 9/23/2040 | 62.5 | 60.7 | 60.4 | 0.03 % |
| ^Finish Strong Inc dba FASTSIGNS St Peters | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 9/23/2025 | 50.0 | 45.6 | 38.3 | 0.02 % |
| ^J3K LLC dba Ronan True Value Hardware | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 9/23/2025 | 152.5 | 139.1 | 116.9 | 0.06 % |
| ^Stormrider Inc dba Shirley's Stormrider Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 9/23/2025 | 67.5 | 62.6 | 52.6 | 0.03 % |
| ^Frozen Treats of Hollywood FL, LLC dba Sub Zero Ice Cream | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/22/2025 | 15.8 | 14.4 | 12.8 | 0.01 % |
| ^Nova Solutions Inc | Furniture and Related Product Manufacturing | Term Loan | Prime plus 2.75% | 9/22/2040 | 320.0 | 313.3 | 311.9 | 0.15 % |
| ^Pine Belt Wood Products LLC | Forestry and Logging | Term Loan | Prime plus 2.75% | 9/22/2040 | 163.8 | 160.3 | 146.9 | 0.07 % |
| ^IIoka Inc dba New Cloud Networks | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/21/2025 | 665.0 | 609.3 | 512.1 | 0.24 % |
| ^Sound Manufacturing Inc | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/21/2025 | 50.0 | 45.6 | 40.6 | 0.02 % |
| ^MiJoy Inc dba Imo's Pizza | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/18/2025 | 8.3 | 7.5 | 6.3 | — % |
| ^Vanderhoof LLC dba Soxfords | Apparel Manufacturing | Term Loan | Prime plus 2.75% | 9/18/2025 | 15.9 | 14.5 | 12.2 | 0.01 % |
| ^Naeem Khan LTD | Apparel Manufacturing | Term Loan | Prime plus 2.75% | 9/17/2025 | 125.0 | 114.0 | 95.8 | 0.05 % |
| ^Import Car Connection Inc dba Car Connection | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 9/16/2040 | 407.5 | 399.0 | 406.5 | 0.19 % |
| ^FirstVitals Health and Wellness Inc | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 9/15/2025 | 150.0 | 136.8 | 114.9 | 0.05 % |
| ^Johnson Carwash LLC and Johnson Petroleum LLC | Gasoline Stations | Term Loan | Prime plus 2.75% | 9/14/2040 | 340.0 | 334.8 | 345.1 | 0.17 % |
| ^Almost Home Daycare LLC | Social Assistance | Term Loan | Prime plus 2.75% | 9/11/2025 | 62.5 | 57.0 | 56.3 | 0.03 % |
| ^Veliu LLC dba FASTSIGNS #15901 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 9/10/2025 | 50.0 | 46.2 | 40.0 | 0.02 % |

Field: Page; Sequence: 119

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 111 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^B and A Friction Materials Inc | Industry — Merchant Wholesalers, Durable Goods | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/9/2025 | 102.5 | 92.7 | 77.9 | 0.04 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Gardner's Wharf Holdings LLC and Gardner's Wharf Seafood Inc | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 9/8/2040 | 140.0 | 137.1 | 141.5 | 0.07 % |
| ^AIG Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 9/4/2040 | 363.8 | 356.1 | 338.8 | 0.16 % |
| ^Empower Autism Academy | Social Assistance | Term Loan | Prime plus 2.75% | 9/4/2040 | 685.0 | 670.7 | 692.4 | 0.33 % |
| ^Higher Grounds Community Coffeehouse, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/2/2025 | 8.3 | 7.5 | 6.6 | — % |
| ^Delray Scrap Recycling LLC | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 8/31/2025 | 22.5 | 20.1 | 16.9 | 0.01 % |
| ^The Camera House Inc | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 8/31/2025 | 1,250.0 | 1,131.6 | 1,036.9 | 0.50 % |
| ^LAN Doctors Inc | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/28/2025 | 81.3 | 73.6 | 66.8 | 0.03 % |
| ^Elite Institute LLC dba Huntington Learning Center | Educational Services | Term Loan | Prime plus 2.75% | 8/28/2025 | 15.0 | 13.7 | 11.6 | 0.01 % |
| ^Zephyr Seven Series LLC dba 18/8 Fine Men's Salon | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 8/28/2025 | 81.3 | 76.2 | 65.7 | 0.03 % |
| ^J and K Fitness L.L.C. dba Physiques Womens Fitness Center | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 2/28/2041 | 93.8 | 92.7 | 93.5 | 0.04 % |
| ^Trading Group 3 Inc | Nonstore Retailers | Term Loan | Prime plus 2.75% | 8/28/2025 | 50.0 | 45.3 | 38.0 | 0.02 % |
| ^B and J Catering Inc dba Culinary Solutions | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/27/2040 | 547.5 | 540.3 | 523.4 | 0.25 % |
| ^God Be Glorified Inc dba GBG Inc | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 8/20/2025 | 53.0 | 48.0 | 40.3 | 0.02 % |
| ^3000 CSI Property LLC and Consulting Solutions Inc | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/20/2040 | 137.5 | 134.4 | 136.7 | 0.07 % |
| ^GDP Gourmet LLC dba Joe and John's Pizza Restaurant | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/19/2040 | 145.0 | 141.7 | 140.1 | 0.07 % |
| ^Screenmobile Management Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 8/14/2025 | 47.0 | 42.5 | 36.1 | 0.02 % |
| ^Gold Jet Corp. | Couriers and Messengers | Term Loan | Prime plus 2.75% | 8/14/2025 | 68.3 | 65.3 | 59.2 | 0.03 % |
| ^SKJ Inc dba Subway | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/13/2025 | 84.8 | 76.8 | 65.5 | 0.03 % |

Field: Page; Sequence: 120

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 112 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^LP Industries Inc dba Childforms | Industry — Plastics and Rubber Products Manufacturing | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 7/29/2025 | 125.0 | 114.5 | 107.0 | 0.05 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Advanced Machine & Technology, Inc. | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 7/29/2025 | 90.3 | 81.1 | 74.8 | 0.04 % |
| ^Pauley Tree and Lawn Care Inc | Administrative and Support Services | Term Loan | Prime plus 2.75% | 7/28/2025 | 65.8 | 59.2 | 53.0 | 0.03 % |
| ^Beale Street Blues Company-West Palm Beach LLC | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 7/24/2025 | 66.3 | 59.5 | 52.2 | 0.02 % |
| ^Forever & Always of Naples Inc dba Island Animal Hospital | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 7/24/2025 | 107.5 | 96.6 | 88.0 | 0.04 % |
| ^C& D Medical of Naples, Inc and Forever & Always of Naples,
Inc | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 7/24/2040 | 135.0 | 131.8 | 123.2 | 0.06 % |
| ^Pooh's Corner Realty LLC and Pooh's Corner Inc | Social Assistance | Term Loan | Prime plus 2.75% | 7/23/2040 | 103.8 | 101.4 | 103.8 | 0.05 % |
| ^Smart Artists Inc. | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 7/23/2025 | 22.5 | 20.2 | 17.0 | 0.01 % |
| ^Free Ion Advisors LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 7/21/2025 | 64.3 | 57.7 | 48.5 | 0.02 % |
| ^Murrayville Donuts, Inc dba Dunkin' Donuts | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 7/15/2040 | 344.5 | 340.4 | 329.4 | 0.16 % |
| ^Union 2 LLC dba The Standard | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/10/2025 | 91.5 | 85.9 | 79.1 | 0.04 % |
| ^The Smile Place LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/30/2040 | 283.9 | 276.6 | 282.4 | 0.14 % |
| ^BJ's Tavern LLC and BJ's Cabana Bar Inc | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/30/2040 | 212.5 | 207.1 | 210.9 | 0.10 % |
| ^Jonathan E Nichols and Nichols Fire and Security LLC | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/30/2025 | 75.0 | 66.9 | 65.2 | 0.03 % |
| ^Thrifty Market, Inc. dba Thrifty Foods | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 6/30/2030 | 262.5 | 246.5 | 231.3 | 0.11 % |
| ^All About Smiles P A | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/30/2040 | 237.7 | 231.6 | 236.4 | 0.11 % |
| ^Danny V, LLC dba Hugo's Taproom | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/30/2040 | 54.0 | 50.1 | 49.0 | 0.02 % |
| ^Anglin Cultured Stone Products LLC dba Anglin Construction | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/30/2025 | 281.8 | 251.3 | 232.6 | 0.11 % |
| ^Advanced Skincare Medcenter Inc dba Advanced Skincare Surgery | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/29/2025 | 337.5 | 301.0 | 273.0 | 0.13 % |

Field: Page; Sequence: 121

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 113 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Summit Beverage Group LLC | Industry — Beverage and Tobacco Product Manufacturing | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 8/29/2030 | 291.9 | 274.4 | 261.4 | 0.13 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Myclean Inc. | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/29/2025 | 15.9 | 14.2 | 12.7 | 0.01 % |
| ^E & G Enterprises LLC dba Comfort Keepers | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/26/2025 | 22.5 | 20.1 | 18.0 | 0.01 % |
| ^SofRep, Inc dba Force 12 Media | Other Information Services | Term Loan | Prime plus 2.75% | 6/26/2025 | 66.3 | 59.1 | 52.9 | 0.03 % |
| ^Jihan Inc dba ARCO AM/PM and Diana Inc dba Diana's Recycling | Gasoline Stations | Term Loan | Prime plus 2.75% | 6/26/2040 | 380.0 | 370.3 | 374.9 | 0.18 % |
| ^TJU-DGT Inc dba The Lorenz Cafe | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/26/2029 | 20.6 | 19.2 | 19.5 | 0.01 % |
| ^CEM Autobody LLC dba Dawn's Autobody | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/26/2040 | 135.5 | 132.0 | 132.6 | 0.06 % |
| ^Wolf Enviro Interests, LLC and Enviromax Services Inc | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/25/2040 | 246.5 | 240.2 | 234.0 | 0.11 % |
| ^Ohs Auto Body, Inc. dba Ohs Body Shop | Repair and Maintenance | Term Loan | 7.28% | 6/25/2040 | 1,207.5 | 1,187.4 | 1,190.9 | 0.57 % |
| ^Evinger PA One, Inc. dba Postal Annex, Falcon | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 6/24/2025 | 22.5 | 20.1 | 18.8 | 0.01 % |
| ^Amboy Group, LLC dba Tommy's Moloney's | Food Manufacturing | Term Loan | Prime plus 2.75% | 6/24/2025 | 454.0 | 406.2 | 410.1 | 0.20 % |
| ^Richards Plumbing and Heating Co., Inc. dba Richards Mechanical | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/23/2040 | 551.8 | 537.6 | 561.8 | 0.27 % |
| ^RJI Services, Inc. | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/23/2025 | 22.5 | 19.9 | 17.8 | 0.01 % |
| ^Real Help LLC dba Real Help Decorative Concrete | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/22/2025 | 53.1 | 47.4 | 47.1 | 0.02 % |
| ^PM Cassidy Enterprises, Inc. dba Junk King | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 6/19/2025 | 14.9 | 13.3 | 11.9 | 0.01 % |
| ^KRN Logistics, LLC,Newsome Trucking, Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 6/19/2025 | 543.5 | 484.8 | 458.5 | 0.22 % |
| ^Inverted Healthcare Staffing of Florida LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/18/2025 | 61.3 | 54.7 | 49.0 | 0.02 % |
| ^Square Deal Siding Company,LLC dba Square Deal Siding Company | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/18/2025 | 22.5 | 20.4 | 20.6 | 0.01 % |
| ^Flooring Liquidators Inc and Flooring Liquidators of Mt Kisco LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/17/2025 | 437.5 | 390.2 | 390.4 | 0.19 % |
| ^AM PM Properties, LLC and AM PM Willington, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/17/2040 | 87.1 | 84.6 | 87.5 | 0.04 % |

Field: Page; Sequence: 122

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 114 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Nelson Sargsyan dba HDA Trucking | Industry — Support Activities for Transportation | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 6/16/2025 | 130.5 | 117.0 | 104.7 | 0.05 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Mirage Plastering Inc and Mpire LLC and Mpire II LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 6/12/2040 | 338.8 | 135.2 | 128.3 | 0.06 % |
| ^Bizzare Foods Inc dba Trooper Foods | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 6/12/2025 | 125.0 | 108.7 | 97.3 | 0.05 % |
| ^Anturio Marketing Inc dba Logic Consulting | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/12/2040 | 290.3 | 282.8 | 295.5 | 0.14 % |
| ^Eldredge Tavern LLC dba Gonyea's Tavern | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/8/2040 | 56.3 | 54.8 | 57.3 | 0.03 % |
| ^Nicor LLC dba Fibrenew Sacramento | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/5/2022 | 13.8 | 11.4 | 10.2 | — % |
| ^Chitalian Fratelli LLC dba Francesca Brick Oven Pizza and Pasta | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/5/2025 | 16.1 | 14.0 | 12.5 | 0.01 % |
| ^ViAr Visual Communications, Inc. dba Fastsigns 281701 | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 6/5/2025 | 62.0 | 55.3 | 50.4 | 0.02 % |
| ^Video Vault & Tanning LLC and Mosaic Salon LLC | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 6/4/2040 | 90.5 | 88.4 | 92.3 | 0.04 % |
| ^Medworxs LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/3/2025 | 125.0 | 111.5 | 100.4 | 0.05 % |
| ^DTM Parts Supply Inc. | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/2/2025 | 62.8 | 56.0 | 50.1 | 0.02 % |
| ^XCESSIVE THROTTLE, INC dba Jake's Roadhouse | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/29/2025 | 8.3 | 7.3 | 6.5 | — % |
| ^God is Good LLC dba BurgerFi | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/27/2025 | 67.3 | 16.6 | 16.7 | 0.01 % |
| ^Villela CPA PL | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 5/27/2025 | 9.0 | 8.0 | 7.3 | — % |
| ^Pen Tex Inc dba The UPS Store | Administrative and Support Services | Term Loan | Prime plus 2.75% | 5/20/2025 | 22.0 | 19.5 | 17.5 | 0.01 % |
| ^Douglas Posey and Sally Watkinson dba Audrey's Farmhouse | Accommodation | Term Loan | Prime plus 2.75% | 5/20/2040 | 174.1 | 169.4 | 173.9 | 0.08 % |
| ^Capstone Pediatrics PLLC and Capstone Healthcare Consulting LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 5/15/2025 | 717.3 | 638.0 | 581.7 | 0.28 % |
| ^15 McArdle LLC and No Other Impressions Inc | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 5/15/2040 | 257.1 | 250.1 | 247.5 | 0.12 % |
| ^E-Z Box Storage, Inc. | Real Estate | Term Loan | Prime plus 2.75% | 5/11/2025 | 89.3 | 73.3 | 74.0 | 0.04 % |

Field: Page; Sequence: 123

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 115 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Guard Dogs MFS LLC | Industry — Repair and Maintenance | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 5/8/2025 | 65.0 | 57.5 | 51.8 | 0.02 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^George S Cochran DDS Inc | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 5/7/2025 | 130.0 | 115.5 | 103.6 | 0.05 % |
| ^South Park Properties LLC and Midlothian Hardware LLC | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 5/6/2040 | 170.5 | 164.8 | 172.1 | 0.08 % |
| ^Matthew Taylor and Landon Farm LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 5/4/2040 | 100.0 | 98.0 | 93.7 | 0.04 % |
| ^Cares Inc dba Dumpling Grounds Day Care Center | Social Assistance | Term Loan | Prime plus 2.75% | 5/1/2040 | 81.9 | 78.8 | 82.4 | 0.04 % |
| ^RDRhonehouse ENT. LLC dba Chill Skinz | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 4/29/2025 | 88.9 | 79.8 | 71.5 | 0.03 % |
| ^Orchid Enterprises Inc dba Assisting Hands of Sussex County | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 4/24/2025 | 15.0 | 13.2 | 11.8 | 0.01 % |
| ^Ragazza Restaurant Group, Inc. dba Bambolina | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/21/2025 | 22.5 | 19.8 | 18.3 | 0.01 % |
| ^Diamond Solutions LLC | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 4/21/2025 | 22.5 | 19.3 | 17.3 | 0.01 % |
| ^Giacchino Maritime Consultants Inc | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 4/17/2025 | 22.5 | 19.8 | 17.7 | 0.01 % |
| ^Sound Coaching Inc | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | Term Loan | Prime plus 2.75% | 4/14/2025 | 44.4 | 39.0 | 34.9 | 0.02 % |
| ^Carolina Beefs, LLC dba Beef O'Brady's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/13/2025 | 19.5 | 17.1 | 15.3 | 0.01 % |
| ^Faramarz Nikourazm dba Car Clinic Center | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/3/2040 | 73.8 | 71.5 | 72.3 | 0.03 % |
| ^Advance Case Parts RE Holdings LLC and Advance Case Parts Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/31/2040 | 758.3 | 737.4 | 723.8 | 0.35 % |
| ^T and B Boots Inc dba Takkens | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 3/31/2025 | 807.8 | 705.6 | 688.1 | 0.33 % |
| ^HAVANA CENTRAL NJ1, LLC dba Havana Central | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/31/2025 | 250.0 | 225.0 | 225.6 | 0.11 % |
| ^Mid-South Lumber Co. of Northwest Florida, Inc. | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 3/31/2040 | 428.8 | 415.7 | 406.4 | 0.19 % |
| ^Copper Beech Financial Group LLC | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 3/30/2025 | 125.0 | 109.0 | 103.4 | 0.05 % |
| ^Delta Aggregate LLC | Mining (except Oil and Gas) | Term Loan | Prime plus 2.75% | 3/30/2025 | 90.0 | 83.7 | 84.5 | 0.04 % |

Field: Page; Sequence: 124

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 116 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Sunset Marine Resort LLC and GoXpeditions LLC | Industry — Accommodation | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 3/27/2040 | 301.8 | 292.6 | 305.6 | 0.15 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Shorr Enterprises Inc dba New Design Furniture Manufacturers | Furniture and Related Product Manufacturing | Term Loan | Prime plus 2.75% | 3/27/2025 | 106.5 | 92.9 | 89.1 | 0.04 % |
| ^South Florida Air Conditioning and Refrigeration Corp. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 3/27/2040 | 155.5 | 150.8 | 155.8 | 0.07 % |
| ^Shellhorn and Hill Inc dba Total Fleet Service | Nonstore Retailers | Term Loan | Prime plus 2.75% | 3/27/2040 | 1,040.3 | 1,004.8 | 982.4 | 0.47 % |
| ^Foresite Realty Partners LLC and Foresite Real Estate Holdings
LLC | Real Estate | Term Loan | Prime plus 2.75% | 3/27/2025 | 1,238.3 | 1,079.5 | 965.3 | 0.46 % |
| ^Geo Los Angeles LLC dba Geo Film Group | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 3/26/2025 | 130.0 | 113.4 | 108.2 | 0.05 % |
| ^Joyce Outdoor Advertising NJ LLC and Joyce Outdoor Advertising
LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/26/2040 | 54.0 | 52.4 | 54.2 | 0.03 % |
| ^Zero-In Media Inc | Data Processing, Hosting, and Related Services | Term Loan | Prime plus 2.75% | 3/25/2025 | 22.5 | 19.6 | 17.5 | 0.01 % |
| ^Carpet Exchange of North Texas Inc and Clyde E. Cumbie Jr | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 3/25/2040 | 810.0 | 785.4 | 816.3 | 0.39 % |
| ^Loriet LLC | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 3/24/2025 | 12.0 | 10.5 | 9.4 | — % |
| ^Shelton Incorporated dba Mrs. Winners | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/20/2040 | 112.5 | 109.1 | 113.6 | 0.05 % |
| ^Jaymie Hazard dba Indigo Hair Studio and Day Spa | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 3/20/2040 | 42.9 | 41.6 | 41.9 | 0.02 % |
| ^R & R Security and Investigations Inc dba Pardners Lake Buchanan | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/19/2040 | 85.4 | 82.9 | 86.5 | 0.04 % |
| ^MMS Realty, LLC and Molecular MS Diagnostics LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/18/2040 | 160.7 | 155.8 | 156.1 | 0.07 % |
| ^Royal Crest Motors LLC | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 3/16/2040 | 91.3 | 88.5 | 89.8 | 0.04 % |
| ^BND Sebastian Limited Liability Company and Sebastian Fitness | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 3/16/2040 | 172.5 | 167.3 | 171.6 | 0.08 % |
| ^Douglas Printy Motorsports, Inc. dba Blackburn Trike | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 3/9/2040 | 191.8 | 185.9 | 186.2 | 0.09 % |
| ^Luigi's on Main LLC and Luigi's Main Street Pizza Inc | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/4/2025 | 11.3 | 9.8 | 9.9 | — % |
| ^Calhoun Satellite Communications Inc and Transmission Solutions
Group | Broadcasting (except Internet) | Term Loan | Prime plus 2.75% | 2/27/2025 | 952.8 | 825.3 | 763.2 | 0.37 % |

Field: Page; Sequence: 125

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 117 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Road to Sedona Inc dba Thirteen | Industry — Food Services and Drinking Places | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 2/27/2025 | 56.6 | 49.0 | 44.3 | 0.02 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Baystate Firearms and Training, LLC | Educational Services | Term Loan | Prime plus 2.75% | 2/27/2025 | 63.4 | 54.7 | 49.3 | 0.02 % |
| ^Kingseal LLC dba Desoto Health and Rehab Center | Nursing and Residential Care Facilities | Term Loan | Prime plus 2.75% | 2/26/2040 | 1,250.0 | 1,210.1 | 1,263.9 | 0.60 % |
| ^Pace Motor Lines, Inc. | Truck Transportation | Term Loan | Prime plus 2.75% | 2/26/2025 | 66.2 | 57.3 | 57.8 | 0.03 % |
| ^Nelson Financial Services LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 2/24/2025 | 12.5 | 10.8 | 9.6 | — % |
| ^Kiddie Steps 4 You Inc. | Social Assistance | Term Loan | Prime plus 2.75% | 2/19/2040 | 61.8 | 59.7 | 59.6 | 0.03 % |
| ^Triangle Trash LLC dba Bin There Dump That | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 2/18/2025 | 74.4 | 64.3 | 60.6 | 0.03 % |
| ^Silva Realty Holdings, LLC and MF-Silva Enterprises, Inc. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/11/2040 | 171.6 | 166.3 | 166.0 | 0.08 % |
| ^740 Barry Street Realty LLC and Wild Edibles Inc | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 2/10/2040 | 492.5 | 476.7 | 498.0 | 0.24 % |
| ^Kostekos Inc dba New York Style Pizza | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/6/2040 | 66.3 | 64.1 | 64.8 | 0.03 % |
| ^DuCharme Realty LLC and DuCharme Enterprises LLC | Wood Product Manufacturing | Term Loan | Prime plus 2.75% | 2/2/2040 | 225.1 | 217.9 | 215.7 | 0.10 % |
| ^Limameno LLC dba Sal's Italian Ristorante | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/23/2025 | 83.3 | 71.4 | 65.4 | 0.03 % |
| ^Palmabak Inc dba Mami Nora's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/22/2025 | 21.5 | 15.9 | 16.1 | 0.01 % |
| ^Jung Design Inc | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 1/20/2022 | 8.4 | 6.5 | 5.8 | — % |
| ^Grand Blanc Lanes, Inc. and H, H and H, LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 12/31/2039 | 133.0 | 128.5 | 133.0 | 0.06 % |
| ^Bear Creek Entertainment, LLC dba The Woods at Bear Creek | Accommodation | Term Loan | Prime plus 2.75% | 12/30/2024 | 106.3 | 90.7 | 91.4 | 0.04 % |
| ^Evans and Paul LLC | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 12/30/2024 | 223.8 | 190.5 | 188.1 | 0.09 % |
| ^FHJE Ventures LLC and Eisenreich II Inc dba Breakneck Tavern | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/30/2039 | 245.5 | 238.2 | 234.6 | 0.11 % |
| ^First Prevention and Dialysis Center, LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/30/2024 | 273.3 | 248.4 | 241.4 | 0.12 % |

Field: Page; Sequence: 126

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 118 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Bowlerama Inc | Industry — Amusement, Gambling, and Recreation Industries | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 12/24/2039 | 1,202.5 | 1,161.9 | 1,213.0 | 0.58 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^401 JJS Corporation and G. Randazzo Corporation | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/23/2039 | 473.5 | 460.9 | 473.5 | 0.23 % |
| ^The Lodin Group LLC and Lodin Health Imaging Inc dba Highlands
Breast | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/23/2039 | 530.3 | 511.6 | 500.9 | 0.24 % |
| ^Thermoplastic Services Inc and Paragon Plastic Sheet, Inc | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 12/23/2039 | 500.0 | 482.4 | 503.6 | 0.24 % |
| ^Carolina Flicks Inc dba The Howell Theater | Motion Picture and Sound Recording Industries | Term Loan | Prime plus 2.75% | 12/23/2032 | 163.3 | 153.0 | 151.0 | 0.07 % |
| ^Atlantis of Daytona LLC and Ocean Club Sportswear Inc | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 12/23/2039 | 240.0 | 214.8 | 224.3 | 0.11 % |
| ^Beale Street Blues Company-West Palm Beach, LLC | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 12/22/2024 | 187.5 | 159.6 | 148.4 | 0.07 % |
| ^MM and M Management Inc dba Pizza Artista | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/19/2025 | 46.3 | 40.4 | 36.7 | 0.02 % |
| ^The Jewelers Inc. dba The Jewelers of Las Vegas | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 12/19/2024 | 1,250.0 | 1,063.3 | 959.5 | 0.46 % |
| ^B.S. Ventures LLC dba Dink's Market | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/19/2039 | 53.8 | 51.9 | 54.1 | 0.03 % |
| ^B & W Towing, LLC and Boychucks Fuel LLC | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/17/2039 | 164.5 | 160.0 | 159.4 | 0.08 % |
| ^All American Games, LLC and Sportslink - The Game, LLC | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 12/10/2024 | 400.0 | 340.4 | 318.1 | 0.15 % |
| ^Kemmer LLC and Apples Tree Top Liquors LLC | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 12/4/2039 | 138.4 | 133.5 | 131.8 | 0.06 % |
| ^Trading Group 3, Inc. | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 11/26/2024 | 22.5 | 19.0 | 17.0 | 0.01 % |
| ^The Red Pill Management, Inc. dba UFC Gym Matthews | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 11/26/2024 | 54.3 | 46.6 | 43.2 | 0.02 % |
| ^Teamnewman Enterprises LLC dba Newmans at 988 and John H. Newman | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/25/2039 | 148.8 | 143.3 | 143.9 | 0.07 % |
| ^DeRidder Chiropractic LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 11/25/2024 | 13.2 | 11.1 | 11.2 | 0.01 % |
| ^Modern Manhattan LLC | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 11/25/2024 | 220.0 | 185.8 | 167.8 | 0.08 % |

Field: Page; Sequence: 127

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 119 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Stormrider Inc dba Shirley's Stormrider, Inc | Industry — Truck Transportation | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 11/25/2024 | 150.0 | 129.1 | 115.3 | 0.06 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Meridian Hotels, LLC dba Best Western Jonesboro | Accommodation | Term Loan | Prime plus 2.75% | 11/25/2039 | 228.0 | 220.6 | 230.3 | 0.11 % |
| ^Legacy Estate Planning Inc dba American Casket Enterprises | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 11/21/2024 | 42.0 | 35.5 | 31.7 | 0.02 % |
| ^J&D Resources, LLC dba Aqua Science | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/21/2024 | 767.9 | 641.4 | 582.5 | 0.28 % |
| ^DC Real LLC and DC Enterprises LTD dba Lakeview True Value | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 11/20/2039 | 119.4 | 115.5 | 118.5 | 0.06 % |
| ^MLM Enterprises LLC and Demand Printing Solutions Inc | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 11/18/2024 | 70.5 | 59.5 | 57.5 | 0.03 % |
| ^JEJE Realty LLC and La Familia Inc | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/10/2039 | 205.8 | 197.1 | 198.2 | 0.09 % |
| ^Joey O's LLC and Jennifer Olszewski | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/7/2024 | 13.1 | 0.9 | 0.8 | — % |
| ^Heartland American Properties LLC and Skaggs RV Outlet LLC | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 10/31/2039 | 479.0 | 460.6 | 471.0 | 0.23 % |
| ^Golden Transaction Corporation dba Bleh Sunoco | Gasoline Stations | Term Loan | Prime plus 2.75% | 10/30/2039 | 156.7 | 150.7 | 155.4 | 0.07 % |
| ^Seelan Inc dba Candleridge Market | Gasoline Stations | Term Loan | Prime plus 2.75% | 10/27/2039 | 90.5 | 87.0 | 87.3 | 0.04 % |
| ^185 Summerfield Inc and Valcon Contracting Corp | Construction of Buildings | Term Loan | Prime plus 2.75% | 10/24/2039 | 162.3 | 156.0 | 160.5 | 0.08 % |
| ^Navdeep B Martins and Busy Bubbles LLC dba Wishy Washy | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 10/24/2039 | 89.0 | 85.7 | 84.6 | 0.04 % |
| ^3 F Management LLC and ATC Port Charlotte LLC dba Around The Clock
Fitness | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 10/17/2024 | 131.3 | 109.9 | 102.5 | 0.05 % |
| ^One Hour Jewelry Repair Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/14/2024 | 20.6 | 17.2 | 15.4 | 0.01 % |
| ^DNT Storage and Properties LLC | Real Estate | Term Loan | Prime plus 2.75% | 10/10/2039 | 101.8 | 97.8 | 101.0 | 0.05 % |
| ^Capitol Waste and Recycling Services LLC | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 10/10/2024 | 257.8 | 215.8 | 202.7 | 0.10 % |
| ^Sound Manufacturing Inc | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 10/10/2024 | 187.5 | 157.1 | 145.6 | 0.07 % |
| ^Return to Excellence, Inc. dba The Waynesville Inn Golf & Spa | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 10/10/2039 | 1,250.0 | 1,216.5 | 1,270.0 | 0.61 % |

Field: Page; Sequence: 128

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 120 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Boilermaker Industries LLC dba PostNet | Industry — Administrative and Support Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 10/9/2024 | 18.8 | 5.7 | 5.8 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Smith Spinal Care Center P.C. and James C. Smith | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 10/8/2039 | 60.0 | 57.7 | 58.8 | 0.03 % |
| ^Doctors Express Management of Central Texas LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 10/8/2024 | 105.0 | 77.8 | 76.5 | 0.04 % |
| ^Michael Rey Jr. and Lynn J. Williams and GIG Petcare dba Hickory | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 10/3/2039 | 126.9 | 120.2 | 123.6 | 0.06 % |
| ^Sumad LLC dba BrightStar Care of Encinitas | Administrative and Support Services | Term Loan | Prime plus 2.75% | 10/2/2024 | 92.5 | 44.5 | 44.9 | 0.02 % |
| ^Roccos LLC and Sullo Pantalone Inc | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/30/2039 | 255.8 | 245.5 | 244.8 | 0.12 % |
| ^Keller Holdings LLC and David H Keller III and Carie C Keller | Scenic and Sightseeing Transportation | Term Loan | Prime plus 2.75% | 9/30/2039 | 100.0 | 96.0 | 99.7 | 0.05 % |
| ^Orange County Insurance Brokerage Inc dba Beaty Insurance Agency | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 9/29/2039 | 325.1 | 313.1 | 326.7 | 0.16 % |
| ^The Woods at Bear Creek LLC and Bear Creek Entertainment LLC | Accommodation | Term Loan | Prime plus 2.75% | 9/29/2039 | 513.3 | 495.1 | 516.6 | 0.25 % |
| ^Keys Phase One LLC dba The Grand Guesthouse | Accommodation | Term Loan | Prime plus 2.75% | 9/26/2039 | 736.3 | 706.7 | 725.2 | 0.35 % |
| ^Gordon E Rogers dba Stonehouse Motor Inn | Accommodation | Term Loan | Prime plus 2.75% | 9/26/2039 | 57.5 | 55.2 | 57.6 | 0.03 % |
| ^Auto Shine Carwash Inc and AKM R. Hossain and Jessica F. Masud | Gasoline Stations | Term Loan | Prime plus 2.75% | 9/26/2024 | 22.5 | 18.7 | 17.2 | 0.01 % |
| ^Colts V LLC and Nowatzke Service Center, Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/26/2039 | 601.8 | 578.6 | 591.7 | 0.28 % |
| ^North Columbia LLC and Loop Liquor and Convenience Store LLC | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 9/24/2039 | 159.3 | 152.9 | 156.6 | 0.07 % |
| ^6 Price Avenue, LLC and Pauley Tree & Lawn Care, Inc | Administrative and Support Services | Term Loan | Prime plus 2.75% | 9/24/2039 | 452.5 | 435.8 | 422.4 | 0.20 % |
| ^R A Johnson Inc dba Rick Johnson Auto and Tire | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/23/2039 | 301.3 | 289.2 | 301.8 | 0.14 % |
| ^Andrene's LLC dba Andrene's Caribbean Soul Food Carry Out | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/23/2024 | 37.8 | 29.5 | 26.4 | 0.01 % |
| ^Play and Stay LLC dba Zoom Room Tinton Falls | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/18/2024 | 42.1 | 35.4 | 31.6 | 0.02 % |
| ^Ryan Crick and Pamela J. Crick and Crick Enterprises Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/17/2039 | 145.5 | 139.7 | 145.7 | 0.07 % |
| ^Modern Leather Goods Repair Shop Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/17/2024 | 58.8 | 48.3 | 43.2 | 0.02 % |

Field: Page; Sequence: 129

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 121 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Tavern Properties LLC and Wildwood Tavern LLC | Industry — Food Services and Drinking Places | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/15/2039 | 425.0 | 410.7 | 419.6 | 0.20 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^RDT Enterprises LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 9/15/2027 | 162.8 | 143.6 | 143.5 | 0.07 % |
| ^Animal Intrusion Prevention Systems Holding Company, LLC | Administrative and Support Services | Term Loan | Prime plus 2.75% | 9/15/2024 | 272.5 | 226.3 | 211.6 | 0.10 % |
| ^KW Zion, LLC and Key West Gallery Inc | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 9/12/2039 | 1,250.0 | 1,199.9 | 1,230.5 | 0.59 % |
| ^Indy East Smiles Youth Dentistry LLC dba Prime Smile East | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/11/2024 | 630.2 | 523.3 | 469.6 | 0.22 % |
| ^B&P Diners LLC dba Engine House Restaurant | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/10/2024 | 80.0 | 66.4 | 59.3 | 0.03 % |
| ^Feel The World Inc dba Xero Shoes and Invisible Shoes | Leather and Allied Product Manufacturing | Term Loan | Prime plus 2.75% | 9/5/2024 | 51.9 | 43.1 | 39.3 | 0.02 % |
| ^Delta Aggregate LLC | Mining (except Oil and Gas) | Term Loan | Prime plus 2.75% | 8/28/2039 | 911.3 | 862.4 | 900.0 | 0.43 % |
| ^Lamjam LLC, Goldsmith Lambros Inc | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 8/27/2024 | 133.8 | 110.4 | 111.2 | 0.05 % |
| ^Orange County Cleaning Inc | Administrative and Support Services | Term Loan | Prime plus 2.75% | 8/27/2024 | 41.3 | 34.0 | 30.3 | 0.01 % |
| ^Qycell Corporation | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 8/26/2024 | 121.0 | 99.7 | 94.5 | 0.05 % |
| ^Atlas Auto Body Inc dba Atlas Auto Sales | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/22/2039 | 51.6 | 49.4 | 49.6 | 0.02 % |
| ^Katie Senior Care LLC dba Home Instead Senior Care | Social Assistance | Term Loan | Prime plus 2.75% | 8/15/2024 | 124.3 | 102.3 | 91.3 | 0.04 % |
| ^S&P Holdings of Daytona LLC S&P Corporation of Daytona
Beach | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 8/15/2039 | 433.5 | 404.3 | 421.9 | 0.20 % |
| ^Alpha Preparatory Academy LLC | Social Assistance | Term Loan | Prime plus 2.75% | 8/15/2039 | 145.2 | 139.7 | 145.8 | 0.07 % |
| ^Almost Home Property LLC and Almost Home Daycare LLC | Social Assistance | Term Loan | Prime plus 2.75% | 8/7/2039 | 715.8 | 686.9 | 710.4 | 0.34 % |
| ^AGV Enterprises LLC dba Jet's Pizza #42 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/31/2024 | 54.8 | 44.8 | 40.8 | 0.02 % |
| ^iFood, Inc. dba Steak N Shake | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/31/2024 | 379.1 | 321.6 | 304.2 | 0.15 % |
| ^575 Columbus Avenue Holding Company, LLC and LA-ZE LLC dba EST
EST EST | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/30/2039 | 22.5 | 21.2 | 22.1 | 0.01 % |
| ^L&S Insurance & Financial Services Inc | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 7/25/2024 | 22.5 | 18.4 | 16.6 | 0.01 % |

Field: Page; Sequence: 130

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 122 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Honeyspot Investors LLP and Pace Motor Lines Inc | Industry — Truck Transportation | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 7/24/2039 | 150.0 | 143.6 | 149.5 | 0.07 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Miss Cranston Diner II, LLC and Miss Cranston II Realty LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/17/2039 | 100.0 | 96.6 | 98.4 | 0.05 % |
| ^AMG Holding, LLC and Stetson Automotive, Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/30/2039 | 208.0 | 198.7 | 211.2 | 0.10 % |
| ^Highway Striping Inc | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 6/30/2024 | 53.1 | 43.0 | 42.7 | 0.02 % |
| ^Lisle Lincoln II Limited Partnership dba Lisle Lanes
LP | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/30/2024 | 100.0 | 81.0 | 82.6 | 0.04 % |
| ^Honeyspot Investors LLP and Pace Motor Lines Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 6/30/2039 | 875.3 | 837.8 | 890.1 | 0.43 % |
| ^iFood, Inc. dba Steak N Shake | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/30/2039 | 629.8 | 602.1 | 626.0 | 0.30 % |
| ^FHJE Ventures LLC and Eisenreich II Inc. dba Breakneck Tavern | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/27/2039 | 321.8 | 307.3 | 324.1 | 0.16 % |
| ^Zinger Hardware and General Merchant Inc | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 6/26/2024 | 110.5 | 89.4 | 89.9 | 0.04 % |
| ^JPM Investments LLC and Carolina Family Foot Care P.A. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/26/2039 | 136.1 | 132.6 | 140.2 | 0.07 % |
| ^Nikobella Properties LLC and JPO Inc dba Village Car Wash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/25/2039 | 476.3 | 456.1 | 481.5 | 0.23 % |
| ^Big Sky Plaza LLC and Strickland, Incorporated | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 6/20/2039 | 233.4 | 222.9 | 235.1 | 0.11 % |
| ^510 ROK Realty LLC dba ROK Health and Fitness and Robert N. D'urso | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/19/2024 | 332.0 | 269.1 | 274.3 | 0.13 % |
| ^Nirvi Enterprises LLC dba Howard Johnson / Knights Inn | Accommodation | Term Loan | Prime plus 2.75% | 6/17/2039 | 920.3 | 878.8 | 934.4 | 0.45 % |
| ^Hotels of North Georgia LLC dba Comfort Inn and Suites | Accommodation | Term Loan | Prime plus 2.75% | 6/17/2039 | 837.5 | 799.8 | 850.4 | 0.41 % |
| ^Global Educational Delivery Services LLC | Educational Services | Term Loan | Prime plus 2.75% | 6/16/2024 | 60.0 | 49.2 | 50.2 | 0.02 % |
| ^Rainbow Dry Cleaners | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/13/2024 | 122.5 | 99.1 | 98.7 | 0.05 % |
| ^NVR Corporation dba Discount Food Mart | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 6/11/2039 | 68.3 | 63.5 | 67.5 | 0.03 % |
| ^Sico & Walsh Insurance Agency Inc and The AMS Trust | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 6/6/2039 | 250.0 | 89.2 | 94.9 | 0.05 % |

Field: Page; Sequence: 131

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 123 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Sujata Inc dba Stop N Save Food Mart and Dhruvesh Patel | Industry — Food and Beverage Stores | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 6/3/2024 | 22.5 | 18.2 | 18.1 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Long Island Barber + Beauty LLC | Educational Services | Term Loan | Prime plus 2.75% | 6/2/2039 | 55.5 | 53.0 | 55.7 | 0.03 % |
| ^CJR LLC and PowerWash Plus, Inc. | Repair and Maintenance | Term Loan | Prime plus 2.75% | 5/30/2024 | 53.0 | 42.5 | 43.0 | 0.02 % |
| ^Pocono Coated Products, LLC | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 5/30/2024 | 22.5 | 18.0 | 18.3 | 0.01 % |
| ^EGM Food Services Inc dba Gold Star Chili | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/29/2024 | 19.2 | 15.4 | 15.3 | 0.01 % |
| ^R. A. Johnson, Inc. dba Rick Johnson Auto & Tire | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 5/29/2039 | 943.8 | 899.8 | 956.7 | 0.46 % |
| ^Wilton Dental Care P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 5/29/2024 | 128.1 | 105.0 | 103.4 | 0.05 % |
| ^Jonesboro Health Food Center LLC | Health and Personal Care Stores | Term Loan | Prime plus 2.75% | 5/27/2024 | 60.0 | 48.1 | 47.3 | 0.02 % |
| ^USI Properties LLC dba U Store It | Real Estate | Term Loan | Prime plus 2.75% | 5/23/2039 | 144.6 | 137.9 | 146.4 | 0.07 % |
| ^Bay State Funeral Services, LLC and Riley Funeral Home Inc | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 5/21/2039 | 134.9 | 129.0 | 137.1 | 0.07 % |
| ^Hae M. and Jin S. Park dba Buford Car Wash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 5/15/2039 | 166.5 | 158.0 | 165.6 | 0.08 % |
| ^Moochie's LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/13/2024 | 100.5 | 81.6 | 80.6 | 0.04 % |
| ^The River Beas LLC and Punam Singh | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/8/2039 | 90.3 | 86.0 | 90.7 | 0.04 % |
| ^AS Boyals LLC dba Towne Liquors | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 4/29/2039 | 117.5 | 111.8 | 118.9 | 0.06 % |
| ^ENI Inc, Event Networks Inc, ENI Worldwide LLC and Spot Shop Inc | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/25/2024 | 500.0 | 397.5 | 390.5 | 0.19 % |
| ^Gerami Realty, LC Sherrill Universal City Corral, LP | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/23/2027 | 78.8 | 67.5 | 69.6 | 0.03 % |
| ^Complete Body & Paint, Inc. | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/23/2039 | 20.8 | 19.9 | 21.1 | 0.01 % |
| ^Island Wide Realty LLC and Long Island Partners, Inc. | Real Estate | Term Loan | Prime plus 2.75% | 4/22/2039 | 103.8 | 98.8 | 105.1 | 0.05 % |
| ^Wilshire Media Systems Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 4/17/2024 | 186.3 | 148.3 | 146.7 | 0.07 % |
| ^1899 Tavern & Tap LLC and Ale House Tavern & Tap LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/9/2039 | 137.5 | 129.9 | 137.4 | 0.07 % |

Field: Page; Sequence: 132

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 124 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Hodges Properties LLC and Echelon Enterprises Inc dba
Treads Bicycle | Industry — Sporting Goods, Hobby, Musical Instrument, and Book
Stores | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 3/31/2039 | 449.0 | 426.5 | 450.8 | 0.22 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Dantanna's Tavern LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/30/2024 | 164.3 | 131.5 | 130.9 | 0.06 % |
| ^Little People's Village II LLC and Iliopoulos Realty LLC | Social Assistance | Term Loan | Prime plus 2.75% | 3/31/2039 | 92.1 | 88.1 | 91.9 | 0.04 % |
| ^RDT Enterprises, LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/31/2028 | 141.2 | 123.9 | 128.3 | 0.06 % |
| ^Little People's Village II LLC and Iliopoulos Realty LLC | Social Assistance | Term Loan | Prime plus 2.75% | 3/31/2039 | 101.5 | 97.1 | 101.4 | 0.05 % |
| ^Eagle Aggregate Transportation, LLC and Eagle Pneumatic Transport
LLC | Truck Transportation | Term Loan | Prime plus 2.75% | 3/31/2024 | 1,250.0 | 590.9 | 602.4 | 0.29 % |
| ^Kemmer, LLC and Pitts Package Store, Inc. | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 3/31/2039 | 117.5 | 111.8 | 115.7 | 0.06 % |
| ^Wilban LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/28/2039 | 427.5 | 407.2 | 429.7 | 0.21 % |
| ^Lake Area Autosound LLC and Ryan H. Whittington | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 7/28/2039 | 125.0 | 120.5 | 126.7 | 0.06 % |
| ^Hascher Gabelstapler Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/26/2024 | 143.3 | 114.5 | 115.4 | 0.06 % |
| ^Knowledge First Inc dba Magic Years of Learning and Kimberly Knox | Social Assistance | Term Loan | Prime plus 2.75% | 3/21/2039 | 145.0 | 138.0 | 144.6 | 0.07 % |
| ^Cormac Enterprises and Wyoming Valley Beverage Incorporated | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 3/20/2039 | 110.8 | 105.4 | 112.0 | 0.05 % |
| ^636 South Center Holdings, LLC and New Mansfield Brass and Aluminum
Co. | Primary Metal Manufacturing | Term Loan | Prime plus 2.75% | 3/20/2039 | 497.5 | 477.3 | 507.2 | 0.24 % |
| ^Kinisi, Inc. dba The River North UPS Store | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/18/2024 | 41.3 | 26.2 | 26.4 | 0.01 % |
| ^SE Properties 39 Old Route 146, LLC, SmartEarly Clifton Park LLC | Social Assistance | Term Loan | Prime plus 2.75% | 3/14/2039 | 408.0 | 388.7 | 413.0 | 0.20 % |
| ^Tortilla King Inc. | Food Manufacturing | Term Loan | Prime plus 2.75% | 3/14/2039 | 216.9 | 206.9 | 216.0 | 0.10 % |
| ^Tortilla King, Inc. | Food Manufacturing | Term Loan | Prime plus 2.75% | 3/14/2029 | 1,033.1 | 926.1 | 943.6 | 0.45 % |
| ^Bowl Mor, LLC dba Bowl Mor Lanes / Spare Lounge, Inc. | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 3/13/2039 | 223.5 | 212.3 | 225.6 | 0.11 % |
| ^Avayaan2 LLC dba Island Cove | Gasoline Stations | Term Loan | Prime plus 2.75% | 3/7/2039 | 157.5 | 149.6 | 157.8 | 0.08 % |

Field: Page; Sequence: 133

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 125 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Onofrio's Fresh Cut Inc | Industry — Merchant Wholesalers, Nondurable Goods | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 3/6/2024 | 75.0 | 59.1 | 59.9 | 0.03 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^R & R Boyal LLC dba Cap N Cat Clam Bar and Little Ease Tavern | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 2/28/2039 | 417.5 | 396.0 | 416.4 | 0.20 % |
| ^Summit Beverage Group LLC | Beverage and Tobacco Product Manufacturing | Term Loan | Prime plus 2.75% | 2/28/2024 | 350.6 | 273.7 | 275.2 | 0.13 % |
| ^952 Boston Post Road Realty, LLC and HNA LLC dba Styles International | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 2/28/2039 | 211.0 | 200.1 | 209.9 | 0.10 % |
| ^Choe Trade Group Inc dba Rapid Printers of Monterey | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 2/28/2024 | 159.3 | 124.4 | 126.8 | 0.06 % |
| ^Faith Memorial Chapel LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 2/28/2039 | 214.2 | 203.6 | 213.3 | 0.10 % |
| ^96 Mill Street LLC, Central Pizza LLC and Jason Bikakis
George Bikaki | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/12/2039 | 141.3 | 134.5 | 142.9 | 0.07 % |
| ^JWB Industries, Inc. dba Carteret Die Casting | Primary Metal Manufacturing | Term Loan | Prime plus 2.75% | 2/11/2024 | 280.0 | 218.6 | 216.4 | 0.10 % |
| ^Awesome Pets II Inc dba Mellisa's Pet Depot | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 2/7/2024 | 83.2 | 65.7 | 65.2 | 0.03 % |
| ^986 Dixwell Avenue Holding Company, LLC and Mughali Foods, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/7/2039 | 99.1 | 94.4 | 99.5 | 0.05 % |
| ^Sovereign Communications LLC | Broadcasting (except Internet) | Term Loan | Prime plus 2.75% | 2/7/2024 | 907.8 | 712.6 | 702.2 | 0.34 % |
| ^Sarah Sibadan dba Sibadan Agency | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 1/27/2039 | 129.4 | 122.5 | 129.7 | 0.06 % |
| ^3Fmanagement LLC and ATC Fitness Cape Coral, LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 1/24/2024 | 425.0 | 328.7 | 326.6 | 0.16 % |
| ^JDR Industries Inc dba CST-The Composites Store, JetCat USA | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 1/21/2024 | 140.3 | 108.5 | 108.2 | 0.05 % |
| ^Icore Enterprises Inc dba Air Flow Filters Inc | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 1/15/2024 | 21.8 | 16.8 | 17.1 | 0.01 % |
| ^Carl R. Bieber, Inc. dba Bieber Tourways/Bieber Transportation/Bieber | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 9/30/2027 | 712.5 | 616.3 | 635.8 | 0.30 % |
| ^Nutmeg North Associates LLC Steeltech Building Products Inc | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/31/2038 | 897.8 | 868.1 | 909.1 | 0.43 % |
| ^CLU Amboy, LLC and Amboy Group, LLC dba Tommy Moloney's | Food Manufacturing | Term Loan | Prime plus 2.75% | 12/27/2023 | 656.3 | 511.4 | 521.0 | 0.25 % |
| ^Shane M. Howell and Buck Hardware and Garden Center, LLC | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 12/27/2038 | 322.5 | 304.7 | 318.7 | 0.15 % |

Field: Page; Sequence: 134

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 126 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^KK International Trading Corporation | Industry — Merchant Wholesalers, Nondurable Goods | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 12/23/2028 | 190.0 | 165.0 | 169.4 | 0.08 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Kurtis Sniezek dba Wolfe's Foreign Auto | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/20/2038 | 88.9 | 84.0 | 89.2 | 0.04 % |
| ^Mosley Auto Group LLC dba America's Automotive | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/20/2038 | 221.5 | 209.3 | 221.5 | 0.11 % |
| ^Lefont Theaters Inc. | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 12/19/2023 | 14.4 | 11.0 | 11.0 | 0.01 % |
| ^PLES Investements, LLC and John Redder, Pappy Sand & Gravel,
Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/19/2038 | 555.3 | 524.6 | 550.6 | 0.26 % |
| ^TAK Properties LLC and Kinderland Inc | Social Assistance | Term Loan | Prime plus 2.75% | 12/18/2038 | 405.0 | 383.2 | 402.7 | 0.19 % |
| ^Any Garment Cleaner-East Brunswick, Inc. | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/18/2023 | 53.8 | 41.4 | 41.9 | 0.02 % |
| ^TOL LLC dba Wild Birds Unlimited | Sporting Goods, Hobby, Musical Instrument, and Book Stores | Term Loan | Prime plus 2.75% | 12/13/2023 | 18.0 | 14.3 | 14.2 | 0.01 % |
| ^8 Minute Oil Change of Springfield Corporation and John Nino | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/12/2038 | 196.8 | 182.0 | 192.9 | 0.09 % |
| ^920 CHR Realty LLC V. Garofalo Carting Inc | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 12/10/2038 | 418.1 | 395.0 | 419.6 | 0.20 % |
| ^DKB Transport Corp | Truck Transportation | Term Loan | Prime plus 2.75% | 12/5/2038 | 138.8 | 131.1 | 139.2 | 0.07 % |
| ^Firm Foundations Inc David S Gaitan Jr and Christopher K Daigle | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/3/2038 | 104.3 | 98.5 | 102.3 | 0.05 % |
| ^Spectrum Development LLC and Solvit Inc & Solvit North, Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/2/2023 | 387.3 | 296.6 | 296.7 | 0.14 % |
| ^BVIP Limousine Service LTD | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 11/27/2038 | 76.5 | 72.1 | 76.2 | 0.04 % |
| ^Eco-Green Reprocessing LLC and Denali Medical Concepts, LLC | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 11/27/2023 | 67.2 | 51.0 | 50.4 | 0.02 % |
| ^Wallace Holdings LLC,GFA International Inc | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.5% | 11/25/2023 | 125.0 | 94.5 | 92.5 | 0.04 % |
| ^AcuCall LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 11/21/2023 | 15.8 | 11.9 | 11.6 | 0.01 % |
| ^Seven Peaks Mining Inc and Cornerstone Industrial Minerals Corporation | Mining (except Oil and Gas) | Term Loan | Prime plus 2.75% | 11/18/2038 | 1,250.0 | 1,175.6 | 1,218.3 | 0.58 % |

Field: Page; Sequence: 135

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 127 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Kids in Motion of Springfield LLC dba The Little Gym
of Springfield IL | Industry — Amusement, Gambling, and Recreation Industries | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 11/18/2023 | 45.0 | 34.8 | 34.3 | 0.02 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Yousef Khatib dba Y&M Enterprises | Wholesale Electronic Markets and Agents and Brokers | Term Loan | Prime plus 2.75% | 11/15/2023 | 75.0 | 56.9 | 56.2 | 0.03 % |
| ^Howell Gun Works LLC | Sporting Goods, Hobby, Musical Instrument, and Book Stores | Term Loan | Prime plus 2.75% | 11/14/2023 | 8.3 | 6.4 | 6.2 | — % |
| ^Polpo Realty, LLC, Polpo Restaurant, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/6/2038 | 62.5 | 58.9 | 62.5 | 0.03 % |
| ^Twinsburg Hospitality Group LLC dba Comfort Suites | Accommodation | Term Loan | Prime plus 2.75% | 10/31/2038 | 945.0 | 893.7 | 937.8 | 0.45 % |
| ^Mid-Land Sheet Metal Inc | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 10/31/2038 | 137.5 | 129.6 | 136.9 | 0.07 % |
| ^Master CNC Inc & Master Properties LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 10/31/2038 | 596.6 | 561.6 | 585.4 | 0.28 % |
| ^Janice B. McShan and The Metropolitan Day School, LLC | Social Assistance | Term Loan | Prime plus 2.75% | 10/31/2023 | 42.8 | 33.1 | 33.7 | 0.02 % |
| ^1 North Restaurant Corp dba 1 North Steakhouse | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 10/31/2038 | 212.5 | 200.0 | 211.6 | 0.10 % |
| ^Meridian Hotels LLC dba Best Western Jonesboro | Accommodation | Term Loan | Prime plus 2.75% | 10/29/2038 | 664.5 | 625.3 | 664.1 | 0.32 % |
| ^New Image Building Services Inc. dba New Image Repair Services | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/29/2023 | 331.3 | 248.9 | 247.0 | 0.12 % |
| ^Greenbrier Technical Services, Inc | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/24/2023 | 240.1 | 164.4 | 167.5 | 0.08 % |
| ^Clairvoyant Realty Corp. and Napoli Marble & Granite Design,
Ltd | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 10/24/2038 | 246.3 | 231.8 | 242.6 | 0.12 % |
| ^Kelly Auto Care LLC dba Shoreline Quick Lube and Car Wash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 10/18/2023 | 87.5 | 65.7 | 65.3 | 0.03 % |
| ^Cencon Properties LLC and Central Connecticut Warehousing Company | Warehousing and Storage | Term Loan | Prime plus 2.75% | 9/30/2038 | 344.5 | 324.0 | 343.7 | 0.16 % |
| ^Onofrios Enterprises LLC Onofrios Fresh Cut, Inc | Food Manufacturing | Term Loan | Prime plus 2.75% | 9/30/2038 | 312.5 | 294.6 | 310.8 | 0.15 % |
| ^Discount Wheel and Tire | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 9/30/2038 | 223.8 | 210.1 | 220.5 | 0.11 % |
| ^First Steps Real Estate Company, LLC and First Steps Preschool | Social Assistance | Term Loan | Prime plus 2.75% | 9/30/2038 | 97.6 | 91.7 | 95.7 | 0.05 % |
| ^Lenoir Business Partners LLC LP Industries, Inc dba Childforms | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 9/30/2038 | 322.7 | 308.0 | 324.4 | 0.16 % |

Field: Page; Sequence: 136

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 128 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Top Properties LLC and LP Industries, Inc dba Childforms | Industry — Plastics and Rubber Products Manufacturing | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/30/2038 | 120.0 | 114.3 | 121.4 | 0.06 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Mitchellville Family Dentistry, Dr. Octavia Simkins-Wiseman DDS
PC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/27/2038 | 335.1 | 314.6 | 331.2 | 0.16 % |
| ^Gabrielle Realty, LLC | Gasoline Stations | Term Loan | Prime plus 2.75% | 9/27/2038 | 757.6 | 711.3 | 746.0 | 0.36 % |
| ^Anthony C Dinoto and Susan S P Dinoto and Anthony C
Dinoto Funeral Homes | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/26/2038 | 100.0 | 94.0 | 99.8 | 0.05 % |
| ^Eastside Soccer Dome, Inc . | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/26/2038 | 463.8 | 435.4 | 462.1 | 0.22 % |
| ^Southeast Chicago Soccer, Inc. | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/26/2038 | 51.3 | 48.1 | 51.1 | 0.02 % |
| ^HJ & Edward Enterprises, LLC dba Sky Zone | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/26/2023 | 262.5 | 201.7 | 203.3 | 0.10 % |
| ^Kiddie Steps 4 You Inc. | Social Assistance | Term Loan | Prime plus 2.75% | 9/25/2038 | 89.3 | 85.6 | 89.5 | 0.04 % |
| ^Diamond Memorials Incorporated | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/25/2023 | 14.3 | 9.7 | 9.5 | — % |
| ^Serious-Fun in Alpharetta, LLC dba The Little Gym of Alpharetta | Educational Services | Term Loan | Prime plus 2.75% | 9/20/2023 | 46.3 | 34.6 | 34.2 | 0.02 % |
| ^Faith Memorial Chapel LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/20/2038 | 268.4 | 252.8 | 266.1 | 0.13 % |
| ^Westville Seafood LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/19/2038 | 112.3 | 105.4 | 110.7 | 0.05 % |
| ^Maynard Enterprises Inc dba Fastsigns of Texarkana | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 9/18/2023 | 16.1 | 12.1 | 12.0 | 0.01 % |
| ^Grafio Inc dba Omega Learning Center-Acworth | Educational Services | Term Loan | Prime plus 2.75% | 9/13/2023 | 156.3 | 123.3 | 122.2 | 0.06 % |
| ^Sound Manufacturing Inc | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 9/12/2028 | 54.8 | 46.9 | 47.7 | 0.02 % |
| ^The Berlerro Group, LLC dba Sky Zone | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/12/2023 | 421.3 | 323.5 | 320.0 | 0.15 % |
| ^Prospect Kids Academy Inc | Educational Services | Term Loan | Prime plus 2.75% | 9/11/2038 | 124.3 | 116.4 | 122.8 | 0.06 % |
| ^Alma J. and William R. Walton and Almas Child Day Care Center | Social Assistance | Term Loan | Prime plus 2.75% | 9/11/2038 | 39.5 | 37.1 | 39.4 | 0.02 % |
| ^B for Brunette dba Blo | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/10/2023 | 53.4 | 40.3 | 39.5 | 0.02 % |

Field: Page; Sequence: 137

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 129 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Schmaltz Holdings, LLC and Schmaltz Operations, LLC
dba Companio | Industry — Personal and Laundry Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/4/2038 | 224.2 | 208.8 | 219.1 | 0.10 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Excel RP Inc | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 8/30/2023 | 130.3 | 96.0 | 97.5 | 0.05 % |
| ^IlOKA Inc dba Microtech Tel and NewCloud Networks | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/30/2023 | 687.5 | 506.6 | 504.2 | 0.24 % |
| ^ACI Northwest Inc. | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 8/30/2023 | 906.3 | 452.8 | 459.3 | 0.22 % |
| ^Spectrum Radio Fairmont, LLC | Broadcasting (except Internet) | Term Loan | Prime plus 2.75% | 8/30/2023 | 187.5 | 164.3 | 167.0 | 0.08 % |
| ^Gulfport Academy Child Care and Learning Center, Inc. | Social Assistance | Term Loan | Prime plus 2.75% | 8/30/2023 | 43.3 | 31.9 | 32.3 | 0.02 % |
| ^Ramard Inc and Advanced Health Sciences Inc | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 8/28/2023 | 187.5 | 138.2 | 135.3 | 0.06 % |
| ^RM Hawkins LLC dba Pure Water Tech West and Robert M Hawkins | Nonstore Retailers | Term Loan | Prime plus 2.75% | 8/26/2023 | 85.8 | 59.8 | 60.9 | 0.03 % |
| ^JSIL LLC dba Blackstones Hairdressing | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 8/16/2023 | 19.5 | 14.2 | 14.1 | 0.01 % |
| ^Island Nautical Enterprises, Inc. and Ingwall Holdings, LLC | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 8/14/2038 | 445.0 | 326.6 | 341.3 | 0.16 % |
| ^Caribbean Concepts, Inc. dba Quick Bleach | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 8/12/2023 | 22.5 | 16.7 | 16.4 | 0.01 % |
| ^209 North 3rd Street, LLC, Yuster Insurance Group Inc | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 7/29/2038 | 83.9 | 78.5 | 82.7 | 0.04 % |
| ^Majestic Contracting Services, Inc. dba Majestic Electric and Majestic | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 7/26/2038 | 190.0 | 177.7 | 186.2 | 0.09 % |
| ^Daniel W and Erin H Gordon and Silver Lining Stables CT, LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 7/24/2023 | 11.3 | 8.2 | 8.4 | — % |
| ^Angkor Restaurant Inc | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/19/2038 | 93.0 | 87.1 | 92.1 | 0.04 % |
| ^Harbor Ventilation Inc and Estes Investment, LLC | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 7/19/2038 | 92.1 | 22.4 | 23.7 | 0.01 % |
| ^Tri County Heating and Cooling Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 7/19/2023 | 87.8 | 64.0 | 65.0 | 0.03 % |
| ^Morning Star Trucking LLC and Morning Star Equipment and Leasing
LLC | Truck Transportation | Term Loan | Prime plus 2.75% | 7/17/2023 | 53.8 | 39.2 | 38.4 | 0.02 % |
| ^Maxiflex LLC | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 6/28/2023 | 153.5 | 110.5 | 112.9 | 0.05 % |

Field: Page; Sequence: 138

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 130 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^GIA Realty LLC and VRAJ GIA LLC
dba Lakeview Laundromat | Industry — Personal and Laundry Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 6/28/2038 | 97.5 | 91.0 | 97.1 | 0.05 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^JRA Holdings LLC, Jasper County Cleaners Inc dba Superior Cleaner | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/28/2038 | 121.0 | 112.0 | 119.4 | 0.06 % |
| ^2161 Highway 6 Trail, LLC, R. H. Hummer JR., Inc. | Truck Transportation | Term Loan | Prime plus 2.75% | 6/19/2026 | 1,250.0 | 788.0 | 812.6 | 0.39 % |
| ^CBlakeslee Arpaia Chapman, Inc. dba Blakeslee Industrial Services | Heavy and Civil Engineering Construction | Term Loan | Prime plus 2.75% | 6/18/2028 | 875.0 | 737.8 | 765.6 | 0.37 % |
| ^KDP LLC and KDP Investment Advisors, Inc and KDP Asset Management,
Inc | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | Term Loan | Prime plus 2.75% | 6/14/2023 | 343.8 | 248.2 | 249.4 | 0.12 % |
| ^Elite Structures Inc | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 6/12/2038 | 932.8 | 847.9 | 904.0 | 0.43 % |
| ^Willowbrook Properties LLC, Grove Gardens Landscaping Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 6/5/2038 | 186.3 | 173.9 | 184.9 | 0.09 % |
| ^Absolute Desire LLC and Mark H. Szierer, Sophisticated Smile | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/5/2038 | 188.3 | 175.9 | 186.1 | 0.09 % |
| ^RKP Service dba Rainbow Carwash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 5/31/2023 | 300.0 | 216.7 | 218.1 | 0.10 % |
| ^RXSB, Inc dba Medicine Shoppe | Health and Personal Care Stores | Term Loan | Prime plus 2.75% | 5/30/2023 | 186.3 | 133.3 | 133.7 | 0.06 % |
| ^Gregory P Jellenek OD and Associates PC dba Gregory P Jellenek
OD | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 5/28/2023 | 63.5 | 45.3 | 45.8 | 0.02 % |
| ^Ryan D. Thornton and Thornton & Associates LLC | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 5/24/2023 | 68.8 | 37.3 | 37.4 | 0.02 % |
| ^PowerWash Plus, Inc. and CJR, LLC | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/30/2038 | 550.0 | 512.3 | 543.3 | 0.26 % |
| ^Peanut Butter & Co., Inc. | Food Manufacturing | Term Loan | Prime plus 2.75% | 4/30/2023 | 100.0 | 70.3 | 70.6 | 0.03 % |
| ^Brothers International Desserts | Food Manufacturing | Term Loan | Prime plus 2.75% | 4/26/2023 | 230.0 | 162.6 | 164.9 | 0.08 % |
| ^Kidrose, LLC dba Kidville Riverdale | Educational Services | Term Loan | Prime plus 2.75% | 4/22/2023 | 78.8 | 56.3 | 56.9 | 0.03 % |
| ^Vernon & Stephanie Scott and Little Stars Day Care Center,
Inc. | Educational Services | Term Loan | Prime plus 2.75% | 4/18/2038 | 151.0 | 140.5 | 149.8 | 0.07 % |
| ^1258 Hartford TPKE, LLC and Phelps and Sons, Inc | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 3/29/2038 | 124.6 | 115.7 | 122.4 | 0.06 % |
| ^Capital Scrap Metal, LLC and Powerline Investment, LLC | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 3/29/2038 | 500.0 | 441.7 | 470.7 | 0.23 % |

Field: Page; Sequence: 139

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 131 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^MRM Supermarkets Inc dba Constantins Breads; Dallas
Gourmet Breads; | Industry — Food Manufacturing | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 3/29/2038 | 336.0 | 312.5 | 330.0 | 0.16 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Neyra Industries, Inc. and Edward Neyra | Nonmetallic Mineral Product Manufacturing | Term Loan | Prime plus 2.75% | 3/27/2023 | 217.5 | 152.1 | 155.1 | 0.07 % |
| ^A & M Commerce, Inc. dba Cranberry Sunoco | Gasoline Stations | Term Loan | Prime plus 2.75% | 3/27/2038 | 330.3 | 306.4 | 325.7 | 0.16 % |
| ^Xela Pack, Inc. and Aliseo and Catherine Gentile | Paper Manufacturing | Term Loan | Prime plus 2.75% | 3/27/2028 | 271.8 | 225.8 | 234.1 | 0.11 % |
| ^American Diagnostic Imaging, Inc. dba St. Joseph Imaging Center | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 3/25/2038 | 537.5 | 499.0 | 528.7 | 0.25 % |
| ^Michael A.and HeatherR. Welsch dba Art & FrameEtc. | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 3/22/2038 | 67.5 | 62.7 | 66.6 | 0.03 % |
| ^M & H Pine Straw Inc and Harris L. Maloy | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 3/21/2023 | 288.8 | 201.8 | 205.1 | 0.10 % |
| ^Truth Technologies Inc dba Truth Technologies Inc. | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 3/21/2023 | 79.5 | 55.6 | 55.9 | 0.03 % |
| ^J. Kinderman & Sons Inc., dba BriteStar Inc. | Electrical Equipment, Appliance, and Component Manufacturing | Term Loan | Prime plus 2.75% | 12/31/2018 | 181.3 | 129.5 | 129.8 | 0.06 % |
| ^Stellar Environmental LLC | Waste Management and Remediation Services | Term Loan | Prime plus 2.75% | 3/18/2023 | 56.3 | 39.4 | 40.1 | 0.02 % |
| ^Sound Manufacturing, Inc. and Monster Power Equipment Inc. | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 3/15/2023 | 523.0 | 364.8 | 369.5 | 0.18 % |
| ^Golden Gate Lodging LLC | Accommodation | Term Loan | Prime plus 2.75% | 3/12/2038 | 115.0 | 106.8 | 113.4 | 0.05 % |
| ^Bakhtar Group LLC dba Malmaison | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/28/2023 | 103.8 | 72.4 | 72.6 | 0.03 % |
| ^River Club Golf Course Inc dba The River Club | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 2/28/2038 | 475.2 | 440.2 | 467.2 | 0.22 % |
| ^Osceola River Mill, LLC(EPC) Ironman Machine, Inc. | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 2/20/2038 | 86.3 | 79.9 | 84.9 | 0.04 % |
| ^Java Warung, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/19/2038 | 51.0 | 47.3 | 50.3 | 0.02 % |
| ^Nancy & Karl Schmidt(EPC) Moments to Remember USA, LLC | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 2/15/2038 | 106.3 | 98.5 | 104.6 | 0.05 % |
| ^Orient Direct, Inc. dba Spracht, Celltek, ODI | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 2/12/2023 | 84.9 | 58.0 | 58.1 | 0.03 % |
| ^Knits R Us, Inc. dba NYC Sports | Textile Mills | Term Loan | Prime plus 2.75% | 2/11/2038 | 125.0 | 116.0 | 123.6 | 0.06 % |

Field: Page; Sequence: 140

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 132 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^North Country Transport, LLC | Industry — Transit and Ground Passenger Transportation | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 2/6/2023 | 15.0 | 10.4 | 10.6 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^MJD Investments, LLC dba The Community Day School | Social Assistance | Term Loan | Prime plus 2.75% | 1/31/2038 | 258.3 | 238.9 | 253.2 | 0.12 % |
| ^Sherill Universal City dba Golden Corral | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/28/2038 | 440.5 | 409.0 | 433.7 | 0.21 % |
| ^Elegant Fireplace Mantels, Inc. dba Elegant Fireplace Mantels | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 12/31/2022 | 97.5 | 66.0 | 66.2 | 0.03 % |
| ^Macho LLC Madelaine Chocolate Novelties Inc dba The
Madelai | Food Manufacturing | Term Loan | Prime plus 2.75% | 12/31/2037 | 500.0 | 463.9 | 494.1 | 0.24 % |
| ^WI130, LLC & Lakeland Group, Inc dba Lakeland Electrical | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 12/31/2028 | 271.5 | 226.7 | 233.0 | 0.11 % |
| ^Babie Bunnie Enterprises Inc dba Triangle Mothercare | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/28/2027 | 46.3 | 34.4 | 35.0 | 0.02 % |
| ^John Duffy Fuel Co., Inc. | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/28/2022 | 513.8 | 348.0 | 354.7 | 0.17 % |
| ^Polpo Realty LLC & Polpo Restaurant LLC dba Polpo Restauran | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/27/2037 | 517.5 | 479.6 | 510.7 | 0.24 % |
| ^Martin L Hopp, MD PHD A Medical Corp dba Tower ENT | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/21/2022 | 66.3 | 44.7 | 45.1 | 0.02 % |
| ^United Woodworking, Inc | Wood Product Manufacturing | Term Loan | 6% | 12/20/2022 | 17.3 | 11.7 | 11.9 | 0.01 % |
| ^Pioneer Window Holdings, Inc and Subsidiaries dba Pioneer Windows | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 12/20/2022 | 225.0 | 152.3 | 154.0 | 0.07 % |
| ^Ezzo Properties, LLC and Great Lakes Cleaning, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/20/2027 | 389.6 | 318.7 | 326.0 | 0.16 % |
| ^The Amendments Group LLC dba Brightstar | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/17/2022 | 22.5 | 15.2 | 15.5 | 0.01 % |
| ^Cheryle A Baptiste and Cheryle Baptiste DDS PLLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 11/30/2037 | 286.5 | 265.0 | 281.5 | 0.13 % |
| ^Aegis Creative Communications, Inc. | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 11/30/2022 | 387.5 | 252.3 | 252.6 | 0.12 % |
| ^Daniel Gordon and Erin Gordon and Silver Lining Stables CT, LLC | Support Activities for Agriculture and Forestry | Term Loan | Prime plus 2.75% | 11/28/2037 | 223.8 | 206.2 | 219.5 | 0.10 % |
| ^D&L Rescources, Inc. dba The UPS Store | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 11/27/2022 | 9.8 | 6.5 | 6.5 | — % |
| ^Richmond Hill Mini Market, LLC | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 11/27/2037 | 185.3 | 170.7 | 181.3 | 0.09 % |
| ^DRV Enterprise, Inc. dba Cici's Pizza # 339 | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/26/2022 | 65.0 | 40.5 | 41.3 | 0.02 % |

Field: Page; Sequence: 141

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 133 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Clean Brothers Company Inc dba ServPro of North Washington
County | Industry — Repair and Maintenance | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 11/21/2022 | 17.0 | 7.7 | 7.8 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^U & A Food and Fuel, Inc. dba Express Gas & Food Mart | Gasoline Stations | Term Loan | Prime plus 2.75% | 11/21/2037 | 96.3 | 88.7 | 94.4 | 0.05 % |
| ^Pioneer Windows Manufacturing Corp, Pioneer Windows | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 11/21/2022 | 275.0 | 184.0 | 186.0 | 0.09 % |
| ^R & J Petroleum LLC Manar USA, Inc. | Gasoline Stations | Term Loan | Prime plus 2.75% | 11/20/2037 | 180.0 | 165.8 | 176.3 | 0.08 % |
| ^St Judes Physical Therapy P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 11/19/2022 | 21.0 | 14.0 | 14.3 | 0.01 % |
| ^Hi-Def Imaging, Inc. dba SpeedPro Imaging | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 11/9/2022 | 22.2 | 14.9 | 15.0 | 0.01 % |
| ^Reidville Hydraulics Mfg Inc dba Summit | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 11/2/2037 | 265.9 | 245.2 | 258.7 | 0.12 % |
| ^Big Apple Entertainment Partners, LLC dba Ripley's Believe It or
Not | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 10/26/2022 | 180.0 | 121.8 | 122.0 | 0.06 % |
| ^LA Diner Inc dba Loukas L A Diner | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/28/2037 | 677.5 | 625.7 | 666.0 | 0.32 % |
| ^ATC Fitness LLC dba Around the Clock Fitness | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/28/2022 | 180.0 | 120.7 | 122.5 | 0.06 % |
| ^University Park Retreat, LLC dba Massage Heights | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 9/27/2022 | 76.0 | 49.6 | 50.5 | 0.02 % |
| ^Forno Italiano Di Nonna Randazzo, LLC dba Nonna Randazzo's Bakery | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 9/26/2037 | 183.8 | 169.9 | 180.0 | 0.09 % |
| ^LaSalle Market and Deli EOK Inc and Rugen Realty LLC
dba LaSalle Mark | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/21/2037 | 252.3 | 231.4 | 245.0 | 0.12 % |
| ^O'Rourkes Diner LLC dba O'Rourke's Diner | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 9/19/2037 | 65.5 | 60.1 | 63.5 | 0.03 % |
| ^Michael J. Speeney & Joyce Speeney and R2 Tape, Inc. | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 8/31/2037 | 367.5 | 336.4 | 358.1 | 0.17 % |
| ^AJK Enterprise LLC dba AJK Enterprise LLC | Truck Transportation | Term Loan | Prime plus 2.75% | 8/27/2022 | 16.5 | 10.6 | 10.8 | 0.01 % |
| ^New Image Building Services, Inc. dba New Image Repair Services | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/23/2037 | 285.7 | 261.6 | 275.7 | 0.13 % |
| ^Suncoast Aluminum Furniture, Inc | Furniture and Related Product Manufacturing | Term Loan | Prime plus 2.75% | 8/17/2037 | 360.0 | 329.8 | 351.0 | 0.17 % |
| ^Hofgard & Co., Inc. dba HofgardBenefits | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 7/27/2022 | 107.3 | 68.3 | 69.3 | 0.03 % |

Field: Page; Sequence: 142

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 134 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Georgia Safe Sidewalks LLC | Industry — Specialty Trade Contractors | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 7/27/2022 | 15.0 | 9.4 | 9.5 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Scoville Plumbing & Heating Inc and Thomas P. Scoville | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 7/25/2022 | 50.0 | 33.5 | 34.1 | 0.02 % |
| ^Central Tire, Inc. dba Cooper Tire & Auto Services | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/29/2037 | 288.5 | 262.8 | 280.1 | 0.13 % |
| ^WPI, LLC | Transportation Equipment Manufacturing | Term Loan | Prime plus 2.75% | 6/29/2024 | 129.5 | 92.0 | 94.2 | 0.05 % |
| ^Havana Central (NY) 5, LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/29/2022 | 1,166.8 | 766.6 | 780.9 | 0.37 % |
| ^Jenkins-Pavia Corporation dba Victory Lane Quick Oil Change | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/27/2037 | 69.8 | 63.5 | 67.8 | 0.03 % |
| ^KIND-ER-ZZ Inc dba Kidville | Educational Services | Term Loan | Prime plus 2.75% | 6/15/2022 | 50.0 | 31.2 | 31.6 | 0.02 % |
| ^Graphish Studio, Inc. and Scott Fishoff | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 6/14/2022 | 20.3 | 12.7 | 12.9 | 0.01 % |
| ^ALF, LLC, Mulit-Service Eagle Tires | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 5/31/2037 | 62.9 | 57.2 | 61.1 | 0.03 % |
| ^Craig R Freehauf dba Lincoln Theatre | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 5/31/2022 | 47.9 | 22.0 | 22.4 | 0.01 % |
| ^Lefont Theaters, Inc. | Motion Picture and Sound Recording Industries | Term Loan | Prime plus 2.75% | 5/30/2022 | 137.0 | 85.2 | 86.6 | 0.04 % |
| ^Christou Real Estate Holdings LLC dba Tops American Grill | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 5/17/2037 | 284.0 | 257.9 | 275.4 | 0.13 % |
| ^Tracey Vita-Morris dba Tracey Vita's School of Dance | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 5/10/2022 | 22.5 | 14.0 | 14.2 | 0.01 % |
| ^Bisson Transportation, Inc. | Truck Transportation | Term Loan | Prime plus 2.75% | 5/7/2037 | 588.1 | 553.0 | 588.9 | 0.28 % |
| ^Bisson Moving & Storage Company Bisson Transportation Inc and
BTG Real | Truck Transportation | Term Loan | Prime plus 2.75% | 5/7/2022 | 528.8 | 350.0 | 356.3 | 0.17 % |
| ^Fair Deal Food Mart Inc dba Neighbors Market | Gasoline Stations | Term Loan | Prime plus 2.75% | 5/3/2037 | 381.3 | 346.5 | 370.3 | 0.18 % |
| ^Tanner Optical, Inc. dba Murphy Eye Care | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 4/27/2022 | 8.3 | 5.0 | 5.1 | — % |
| ^Zane Filippone Co Inc dba Culligan Water Conditioning | Nonstore Retailers | Term Loan | Prime plus 2.75% | 4/12/2022 | 558.2 | 344.0 | 350.0 | 0.17 % |
| ^Indoor Playgrounds Limited Liability Company dba Kidville | Educational Services | Term Loan | Prime plus 2.75% | 4/5/2022 | 19.5 | 8.4 | 8.6 | — % |

Field: Page; Sequence: 143

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 135 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Brandywine Picnic Park, Inc. and B.Ross Capps &
Linda Capps | Industry — Amusement, Gambling, and Recreation Industries | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 3/30/2031 | 231.5 | 195.9 | 205.8 | 0.10 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Access Staffing, LLC | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/30/2022 | 187.5 | 113.6 | 114.8 | 0.05 % |
| ^Willow Springs Golf Course, Inc. & JC Lindsey Family
Limited Partners | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 3/29/2037 | 755.4 | 696.2 | 743.5 | 0.36 % |
| ^Manuel P. Barrera and Accura Electrical Contractor, Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 3/23/2028 | 103.7 | 82.0 | 84.9 | 0.04 % |
| ^Shweiki Media, Inc. dba Study Breaks Magazine | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 3/22/2027 | 1,178.8 | 916.7 | 947.4 | 0.45 % |
| ^ATC Fitness, LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 2/28/2022 | 10.2 | 6.1 | 6.2 | — % |
| ^ATI Jet, Inc. | Air Transportation | Term Loan | Prime plus 2.75% | 12/28/2026 | 852.8 | 643.1 | 664.9 | 0.32 % |
| ^J. Kinderman & Sons, Inc. dba Brite Star Manufacturing Company | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 12/22/2036 | 495.0 | 452.5 | 482.9 | 0.23 % |
| ^K's Salon, LLC d/b/a K's Salon | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/20/2021 | 73.6 | 42.8 | 43.2 | 0.02 % |
| ^15 Frederick Place LLC & Pioneer Windows Holdings Inc &
Subs | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 12/16/2021 | 250.0 | 144.1 | 146.2 | 0.07 % |
| ^M & H Pinestraw, Inc. and Harris L. Maloy | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 12/15/2021 | 238.3 | 138.6 | 140.5 | 0.07 % |
| ^Taylor Transport, Inc | Truck Transportation | Term Loan | Prime plus 2.75% | 12/8/2021 | 515.5 | 219.2 | 223.1 | 0.11 % |
| ^Thomas P. Scoville dba Scoville Plumbing & Heating, Inc. | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 11/16/2021 | 62.5 | 35.6 | 36.3 | 0.02 % |
| ^MRM Supermarkets, Inc. dba Constantin's Breads | Food Manufacturing | Term Loan | Prime plus 2.75% | 11/10/2021 | 137.5 | 79.0 | 80.2 | 0.04 % |
| ^K9 Bytes, Inc & Epazz, Inc dba K9 Bytes, Inc | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 10/26/2021 | 58.8 | 34.4 | 34.8 | 0.02 % |
| ^28 Cornelia Street Properties, LLC and Zouk, Ltd.dba Palma | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 10/25/2021 | 22.5 | 12.5 | 12.7 | 0.01 % |
| ^PTK, Incorporated dba Night N Day 24 HR Convenience Store | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 9/30/2036 | 137.5 | 122.9 | 131.0 | 0.06 % |
| ^39581 Garfield, LLC and Tricounty Neurological Associates, P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/30/2036 | 28.5 | 25.3 | 26.9 | 0.01 % |
| ^39581 Garfield, LLC and Tri County Neurological Associates, P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 9/30/2036 | 83.3 | 74.3 | 79.1 | 0.04 % |

Field: Page; Sequence: 144

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Field: Sequence; Type: Arabic; Name: PageNo 136 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Robert E. Caves, Sr. and American Plank dba Caves Enterprises | Industry — Merchant Wholesalers, Durable Goods | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 9/30/2021 | 302.5 | 165.5 | 168.3 | 0.08 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Big Apple Entertainment Partners, LLC dba Ripley's Believe it or
Not | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/28/2021 | 1,070.0 | 589.1 | 594.4 | 0.28 % |
| ^Polymer Sciences, Inc. dba Polymer Sciences, Inc. | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 9/28/2036 | 422.6 | 377.3 | 402.4 | 0.19 % |
| ^Equity National Capital LLC & Chadbourne Road Capital, LLC | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | Term Loan | Prime plus 2.75% | 9/26/2021 | 62.5 | 34.8 | 35.2 | 0.02 % |
| ^Bryan Bantry Inc. | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 9/8/2021 | 400.0 | 148.1 | 149.4 | 0.07 % |
| ^SBR Technologies d/b/a Color Graphics | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/31/2021 | 806.2 | 433.9 | 441.2 | 0.21 % |
| ^Michael S. Decker & Janet Decker dba The Hen House Cafe | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/30/2036 | 16.4 | 14.7 | 15.6 | 0.01 % |
| ^Qycell Corporation | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 8/19/2021 | 187.5 | 97.1 | 98.2 | 0.05 % |
| ^Trademark Equipment Company Inc and David A. Daniel | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 8/19/2036 | 133.6 | 119.1 | 126.8 | 0.06 % |
| ^Valiev Ballet Academy, Inc | Performing Arts, Spectator Sports, and Related Industries | Term Loan | Prime plus 2.75% | 8/12/2036 | 91.5 | 37.8 | 40.3 | 0.02 % |
| ^A & A Auto Care, LLC dba A & A Auto Care, LLC | Repair and Maintenance | Term Loan | Prime plus 2.75% | 8/12/2036 | 101.0 | 90.1 | 96.0 | 0.05 % |
| ^LaHoBa, LLC dba Papa John's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/3/2036 | 77.5 | 68.6 | 73.2 | 0.04 % |
| ^Kelly Chon LLC dba Shi-Golf | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 7/29/2021 | 17.5 | 6.9 | 7.0 | — % |
| ^MTV Bowl, Inc. dba Legend Lanes | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/30/2036 | 248.5 | 223.0 | 237.7 | 0.11 % |
| ^Lavertue Properties LLP dba Lavertue Properties | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | Term Loan | Prime plus 2.75% | 6/29/2036 | 44.8 | 39.8 | 42.5 | 0.02 % |
| ^Lisle Lincoln II Limited Partnership dba Lisle Lanes LP | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/29/2036 | 338.1 | 312.0 | 332.9 | 0.16 % |
| ^Pierce Developments, Inc. dba Southside Granite | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 6/13/2036 | 256.1 | 227.3 | 242.2 | 0.12 % |

Field: Page; Sequence: 145

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 137 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Major Queens Body & Fender Corp | Industry — Repair and Maintenance | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 6/10/2021 | 28.6 | 15.2 | 15.4 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^J&K Fitness, LLC dba Physiques Womens Fitness Center | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/8/2036 | 449.3 | 407.6 | 434.9 | 0.21 % |
| ^Peanut Butter & Co., Inc. dba Peanut Butter & Co. | Merchant Wholesalers, Nondurable Goods | Term Loan | Prime plus 2.75% | 6/3/2021 | 65.5 | 33.6 | 34.0 | 0.02 % |
| ^Demand Printing Solutions, Inc. and MLM Enterprises, LLC dba Demand | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 5/27/2021 | 16.5 | 8.6 | 8.7 | — % |
| ^Modern on the Mile, LLC dba Ligne Roset | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 5/25/2021 | 212.5 | 110.0 | 111.4 | 0.05 % |
| ^Music Mountain Water Company, LLC | Beverage and Tobacco Product Manufacturing | Term Loan | Prime plus 2.75% | 4/25/2036 | 138.1 | 121.4 | 129.6 | 0.06 % |
| ^Profile Performance, Inc. and Eidak Real Estate, L.L.C. | Repair and Maintenance | Term Loan | Prime plus 2.75% | 4/20/2036 | 127.5 | 112.6 | 120.2 | 0.06 % |
| ^Northwind Outdoor Recreation, Inc. dba Red Rock Wilderness Store | Nonstore Retailers | Term Loan | Prime plus 2.75% | 4/18/2036 | 129.5 | 116.5 | 124.4 | 0.06 % |
| ^Michael S. Korfe dba North Valley Auto Repair | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/24/2036 | 15.5 | 13.7 | 14.6 | 0.01 % |
| ^Actknowledge,Inc dba Actknowledge | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 3/21/2021 | 57.3 | 29.0 | 29.4 | 0.01 % |
| ^Food & Beverage Associates Of N.J. Inc | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/11/2021 | 10.0 | 4.4 | 4.5 | — % |
| ^Key Products I&II, Inc. dba Dunkin' Donuts/Baskin-Robbins | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 3/10/2021 | 153.0 | 77.5 | 78.4 | 0.04 % |
| ^Stephen Frank, Patricia Frank and Suds Express LLC dba Frank Chiropra | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 2/25/2023 | 63.0 | 36.2 | 37.1 | 0.02 % |
| ^SuzyQue’s LLC dba Suzy Que’s | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/11/2036 | 61.0 | 53.8 | 57.4 | 0.03 % |
| ^Little People’s Village, LLC dba Little People’s Village | Social Assistance | Term Loan | Prime plus 2.75% | 1/31/2036 | 31.1 | 27.3 | 29.1 | 0.01 % |
| ^Seagate Group Holdings, Inc. dba Seagate Logistics, Inc. | Support Activities for Transportation | Term Loan | Prime plus 2.75% | 1/28/2036 | 113.4 | 99.4 | 106.1 | 0.05 % |
| ^Patrageous Enterprises, LLC dba Incredibly Edible Delites
of Laurel | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 12/29/2020 | 7.6 | 3.5 | 3.5 | — % |
| Dixie Transport, Inc. & Johnny D. Brown & Jimmy Brown &
Maudain Brown | Support Activities for Transportation | Term Loan | 5.25% | 12/28/2035 | 145.9 | 137.4 | 146.2 | 0.07 % |
| ^Shree OM Lodging, LLC dba Royal Inn | Accommodation | Term Loan | Prime plus 2.75% | 12/17/2035 | 27.7 | 24.2 | 25.8 | 0.01 % |
| Groundworks Unlimited LLC | Specialty Trade Contractors | Term Loan | 6% | 12/17/2023 | 120.0 | 81.2 | 83.4 | 0.04 % |

Field: Page; Sequence: 146

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 138 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Lodin Medical Imaging, LLC dba Watson Imaging Center | Industry — Ambulatory Health Care Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 12/1/2020 | 66.4 | 30.7 | 31.1 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Robert F. Schuler and Lori A. Schuler dba Bob’s Service Center | Repair and Maintenance | Term Loan | Prime plus 2.75% | 11/30/2035 | 34.0 | 29.7 | 31.6 | 0.02 % |
| ^Any Garment Cleaner-East Brunswick, Inc dba Any Garment
Cleaner | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 11/18/2020 | 42.5 | 16.9 | 17.1 | 0.01 % |
| ^West Cobb Enterprises, Inc and Advanced Eye Associates, L.L.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 11/12/2035 | 148.7 | 129.9 | 138.3 | 0.07 % |
| ^Lincoln Park Physical Therapy | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 10/20/2020 | 43.5 | 19.9 | 20.2 | 0.01 % |
| ^K9 Bytes, Inc & Epazz, Inc | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 9/30/2020 | 18.5 | 8.7 | 8.8 | — % |
| ^Elan Realty, LLC and Albert Basse Asociates, Inc. | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 9/30/2035 | 228.2 | 198.3 | 211.3 | 0.10 % |
| ^Success Express,Inc. dba Success Express | Couriers and Messengers | Term Loan | Prime plus 2.75% | 9/29/2020 | 91.8 | 41.1 | 41.4 | 0.02 % |
| ^Modern Manhattan, LLC | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 9/20/2020 | 204.0 | 92.5 | 93.5 | 0.04 % |
| ^Dirk's Trucking, L.L.C. dba Dirk's Trucking | Truck Transportation | Term Loan | Prime plus 2.75% | 9/17/2020 | 17.7 | 7.9 | 8.0 | — % |
| ^Rudy & Louise Chavez dba Clyde's Auto and Furniture Upholstery | Repair and Maintenance | Term Loan | Prime plus 2.75% | 9/2/2035 | 50.1 | 43.4 | 46.3 | 0.02 % |
| ^Newsome Trucking Inc and Kevin Newsome | Truck Transportation | Term Loan | Prime plus 2.75% | 9/2/2035 | 423.1 | 208.3 | 221.6 | 0.11 % |
| ^California College of Communications, Inc. | Educational Services | Term Loan | Prime plus 2.75% | 11/2/2020 | 172.5 | 79.7 | 80.5 | 0.04 % |
| ^DDLK Investments LLC dba Smoothie King | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/30/2020 | 7.5 | 2.6 | 2.6 | — % |
| ^Planet Verte,LLC dba Audio Unlimited | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 9/20/2020 | 40.0 | 17.9 | 18.0 | 0.01 % |
| ^Members Only Software | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 8/30/2020 | 40.3 | 17.6 | 17.8 | 0.01 % |
| ^ActKnowledge,Inc dba ActKnowledge | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 6/30/2020 | 50.0 | 21.4 | 21.6 | 0.01 % |
| ^I-90 RV & Auto Supercenter | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 6/29/2035 | 74.9 | 64.6 | 68.9 | 0.03 % |
| ^WeaverVentures, Inc dba The UPS Store | Postal Service | Term Loan | Prime plus 2.75% | 7/28/2020 | 23.8 | 10.3 | 10.5 | 0.01 % |

Field: Page; Sequence: 147

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 139 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company — ^CJ Park Inc. dba Kidville Midtown
West | Industry — Educational Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 6/25/2020 | 26.4 | 8.9 | 9.0 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Zouk, Ltd. dba Palma | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 8/25/2020 | 27.5 | 12.2 | 12.3 | 0.01 % |
| ^Tanner Optical Inc. dba Murphy Eye Care | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/22/2035 | 94.6 | 81.7 | 87.1 | 0.04 % |
| ^M & H Pine Straw, Inc.and Harris Maloy | Support Activities for Agriculture and Forestry | Term Loan | Prime plus 2.75% | 7/10/2020 | 67.5 | 29.2 | 29.6 | 0.01 % |
| ^Excel RP, Inc., Kevin and Joann Foley | Machinery Manufacturing | Term Loan | Prime plus 2.75% | 7/8/2028 | 50.0 | 37.9 | 39.6 | 0.02 % |
| ValleyStar, Inc. dba BrightStar HealthCare | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/28/2020 | 0.6 | 2.6 | 2.6 | — % |
| ^ValleyStar, Inc. dba BrightStar Healthcare | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/28/2020 | 7.5 | 3.2 | 3.2 | — % |
| ^Diag, LLC dba Kidville | Educational Services | Term Loan | Prime plus 2.75% | 6/21/2020 | 37.5 | 15.6 | 15.8 | 0.01 % |
| ^M & H Pine Straw, Inc and Harris L. Maloy | Support Activities for Agriculture and Forestry | Term Loan | 6% | 4/30/2020 | 183.3 | 59.4 | 60.2 | 0.03 % |
| ^New Economic Methods LLC dba Rita's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/15/2020 | 24.8 | 0.7 | 0.7 | — % |
| ^Cocoa Beach Parasail Corp. dba Cocoa Beach
Parasail | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 4/26/2020 | 6.3 | 2.5 | 2.6 | — % |
| ^Vortex Automotive LLC | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/5/2035 | 76.6 | 65.8 | 70.1 | 0.03 % |
| ^ATC Fitness LLC dba Around the Clock Fitness | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 2/28/2019 | 15.0 | 4.5 | 4.5 | — % |
| ^Lahoba,LLC dba Papa John's Pizza | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/30/2034 | 42.5 | 36.2 | 38.6 | 0.02 % |
| ^Music Mountain Water Company,LLC dba Music
Mountain Water Co. | Beverage and Tobacco Product Manufacturing | Term Loan | Prime plus 2.75% | 12/29/2019 | 185.4 | 69.1 | 69.9 | 0.03 % |
| ^Animal Intrusion Prevention Systems Holding
Company, LLC | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/29/2024 | 126.5 | 29.0 | 29.9 | 0.01 % |
| ^David A. Nusblatt, D.M.D, P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 12/11/2019 | 9.0 | 3.3 | 3.3 | — % |
| ^CMA Consulting dba Construction Management
Associates | Construction of Buildings | Term Loan | Prime plus 2.75% | 12/11/2019 | 58.5 | 19.5 | 19.7 | 0.01 % |
| ^KMC RE, LLC & B&B Kennels | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 11/19/2034 | 58.3 | 49.5 | 52.7 | 0.03 % |
| ^Demand Printing Solutions, Inc. | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 12/12/2019 | 10.0 | 3.6 | 3.7 | — % |

Field: Page; Sequence: 148

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 140 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company — ^Planet Verte, LLC dba Audio Unlimited
of Oceanside | Industry — Administrative and Support Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 11/28/2019 | 57.0 | 20.3 | 20.5 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Demand Printing Solutions, Inc | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 10/29/2034 | 147.5 | 124.9 | 132.9 | 0.06 % |
| ^Supreme Screw Products | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 4/17/2019 | 308.2 | 87.6 | 88.4 | 0.04 % |
| ^Gray Tree Service, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/18/2018 | 50.0 | 12.4 | 12.5 | 0.01 % |
| ^Envy Salon & Spa LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 12/4/2018 | 20.3 | 4.9 | 4.9 | — % |
| ^Gourmet to You, Inc. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/28/2019 | 12.1 | 3.3 | 3.3 | — % |
| ^The Alba Financial Group, Inc. | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | Term Loan | 6% | 1/10/2019 | 22.5 | 12.1 | 12.2 | 0.01 % |
| ^Grapevine Professional Services, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 1/22/2019 | 8.2 | 2.0 | 2.0 | — % |
| ^Inflate World Corporation | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 9/30/2018 | 7.5 | 1.3 | 1.3 | — % |
| ^Peter Thomas Roth Labs LL | Merchant Wholesalers, Durable Goods | Term Loan | Prime plus 2.75% | 9/26/2018 | 425.0 | 93.3 | 93.9 | 0.04 % |
| ^Dream Envy, Ltd. dba Massage Envy | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 11/9/2018 | 88.0 | 20.6 | 20.7 | 0.01 % |
| ^CBA D&A Pope, LLC dba Christian Brothers
Automotive | Repair and Maintenance | Term Loan | Prime plus 2.75% | 6/14/2018 | 144.9 | 28.8 | 28.9 | 0.01 % |
| ^Gilbert Chiropractic Clinic, Inc. | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/7/2018 | 22.5 | 4.0 | 4.1 | — % |
| ^D & D's Divine Beauty School of Esther,
LLC | Educational Services | Term Loan | 6% | 8/1/2031 | 57.7 | 51.3 | 54.1 | 0.03 % |
| ^Daniel S. Fitzpatrick dba Danny's Mobile Appearance
Reconditioning Service | Repair and Maintenance | Term Loan | Prime plus 2.75% | 3/29/2018 | 9.4 | 1.6 | 1.6 | — % |
| ^Burks & Sons Development LLC dba Tropical
Smoothie Cafe | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 3/22/2018 | 49.8 | 8.0 | 8.0 | — % |
| Bliss Coffee and Wine Bar, LLC | Food Services and Drinking Places | Term Loan | 6% | 3/19/2018 | 87.5 | 69.9 | 70.2 | 0.03 % |
| ^Zog Inc. | Other Information Services | Term Loan | 6% | 3/17/2018 | 97.5 | 62.1 | 62.3 | 0.03 % |
| ^Saan M.Saelee dba Saelee's Delivery Service | Truck Transportation | Term Loan | Prime plus 2.75% | 3/12/2018 | 9.8 | 1.6 | 1.6 | — % |

Field: Page; Sequence: 149

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 141 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company — Integrity Sports Group, LLC | Industry — Performing Arts, Spectator Sports, and Related Industries | Type
of Investment — Term Loan | Interest Rate (2) — 6% | Maturity — 3/6/2018 | 75.0 | 31.7 | 31.8 | 0.02 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Enewhere Custom Canvas, LLC | Textile Product Mills | Term Loan | Prime plus 2.75% | 2/15/2018 | 12.0 | 1.9 | 1.9 | — % |
| ^A & A Acquisition, Inc. dba A & A
International | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 2/15/2018 | 100.0 | 14.8 | 14.9 | 0.01 % |
| ^All American Printing | Printing and Related Support Activities | Term Loan | Prime plus 2.75% | 10/26/2032 | 69.8 | 37.6 | 39.8 | 0.02 % |
| ^Seo's Paradise Cleaners, Inc. | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 1/19/2018 | 9.8 | 0.6 | 0.6 | — % |
| ^Margab, Inc. dba Smoothie King | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/28/2017 | 44.0 | 5.7 | 5.7 | — % |
| ^RCB Enterprises, Inc. | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/18/2017 | 21.2 | 3.4 | 3.4 | — % |
| ^Timothy S. Strange dba Strange's Mobile Apperance
Reconditioning Service | Repair and Maintenance | Term Loan | Prime plus 2.75% | 12/17/2017 | 8.4 | 0.8 | 0.8 | — % |
| ^Parties By Pat, Inc. and Jose M. Martinez
Jr. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/11/2017 | 93.1 | 11.8 | 11.8 | 0.01 % |
| ^Tammy's Bakery, Inc. dba Tammy's Bakery | Food Manufacturing | Term Loan | Prime plus 2.75% | 12/10/2017 | 71.8 | 9.9 | 10.0 | — % |
| ^Maria C. Sathre and David N. Sathre dba Black
Forest Liquor Store | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 11/28/2017 | 18.6 | 2.2 | 2.2 | — % |
| ^MJ Mortgage & Tax Services, Inc. | Credit Intermediation and Related Activities | Term Loan | Prime plus 2.75% | 11/14/2017 | 6.9 | 0.4 | 0.4 | — % |
| ^Kings Laundry,LLC | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 10/30/2017 | 64.5 | 7.1 | 7.1 | — % |
| ^Quality Engraving Services Inc. and Ian M.
Schnaitman | Miscellaneous Store Retailers | Term Loan | Prime plus 2.75% | 10/17/2017 | 15.0 | 1.7 | 1.7 | — % |
| ^Louis B. Smith dba LAQ Funeral Coach | Transit and Ground Passenger Transportation | Term Loan | Prime plus 2.75% | 9/15/2017 | 12.6 | 1.2 | 1.2 | — % |
| ^1911 East Main Street Holdings, Corp | Repair and Maintenance | Term Loan | Prime plus 2.75% | 5/18/2032 | 15.8 | 12.3 | 13.1 | 0.01 % |
| ^Metano IBC Services, Inc. and Stone Brook
Leasing, LLC | Rental and Leasing Services | Term Loan | Prime plus 2.75% | 8/17/2017 | 315.0 | 25.2 | 25.3 | 0.01 % |
| ^Mala Iyer, MD dba Child and Family Wellness
Center | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 8/11/2017 | 50.0 | 4.8 | 4.9 | — % |
| ^Twietmeyer Dentistry PA | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/30/2017 | 148.9 | 9.9 | 9.9 | — % |

Field: Page; Sequence: 150

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 142 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company — ^Water Works Laundromat, LLC | Industry — Personal and Laundry Services | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.25% | Maturity — 9/7/2027 | 267.3 | 184.0 | 187.1 | 0.09 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Dave Kris, and MDK Ram Corp. | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 2/5/2026 | 221.0 | 32.3 | 33.4 | 0.02 % |
| ^No Thirst Software LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/26/2017 | 6.8 | 0.2 | 0.2 | — % |
| ^CCIPTA, LLC | Clothing and Clothing Accessories Stores | Term Loan | Prime plus 2.75% | 1/17/2017 | 47.0 | 0.2 | 0.2 | — % |
| ^Gill Express Inc. dba American Eagle Truck
Wash | Repair and Maintenance | Term Loan | Prime plus 2.75% | 1/5/2027 | 286.9 | 187.3 | 194.8 | 0.09 % |
| ^Spain Street LLC | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/29/2017 | 63.0 | 0.9 | 0.9 | — % |
| ^Kyoshi Enterprises, LLC | Educational Services | Term Loan | Prime plus 2.75% | 12/29/2016 | 22.5 | — | — | — % |
| ^Nora A. Palma and Julio O Villcas | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/27/2017 | 56.3 | 0.1 | 0.1 | — % |
| ^Smooth Grounds, Inc. | Food Services and Drinking Places | Term Loan | 7.75% | 12/31/2018 | 64.5 | 30.6 | 30.8 | 0.01 % |
| ^Fran-Car Corporation dba Horizon
Landscape Management | Administrative and Support Services | Term Loan | Prime plus 2.75% | 3/3/2028 | 407.8 | 161.0 | 168.0 | 0.08 % |
| ^Head To Toe Personalized Pampering, Inc. | Personal and Laundry Services | Term Loan | Prime plus 2.75% | 1/27/2031 | 52.0 | 9.0 | 9.5 | — % |
| ^Maxwell Place, LLC | Nursing and Residential Care Facilities | Term Loan | 6.5% | 12/31/2018 | 1,076.8 | 772.5 | 779.2 | 0.37 % |
| ^Christopher F. Bohon & Pamela D. Bohon | Social Assistance | Term Loan | Prime plus 2.75% | 10/28/2026 | 14.2 | 3.2 | 3.4 | — % |
| ^Shree Om Lodging, LLC dba Royal Inn | Accommodation | Term Loan | Prime plus 2.75% | 5/2/2030 | 333.3 | 64.1 | 67.4 | 0.03 % |
| ^Pedzik's Pets, LLC | Support Activities for Agriculture and Forestry | Term Loan | Prime plus 2.75% | 3/31/2030 | 53.5 | 9.0 | 9.4 | — % |
| ^Nancy Carapelluci & A & M Seasonal
Corner Inc. | Building Material and Garden Equipment and Supplies Dealers | Term Loan | Prime plus 2.75% | 3/1/2025 | 106.9 | 14.5 | 15.0 | 0.01 % |
| ^Moonlight Multi Media Production, Inc. | Other Information Services | Term Loan | 5.3% | 2/1/2025 | 19.7 | 3.3 | 3.4 | — % |
| David M. Goens dba Superior Auto Paint &
Body, Inc. | Repair and Maintenance | Term Loan | 6% | 8/26/2024 | 250.0 | 17.5 | 18.1 | 0.01 % |
| ^McCallister Venture Group, LLC and Maw's Vittles,
Inc. | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/30/2029 | 75.0 | 11.6 | 12.1 | 0.01 % |
| ^Computer Renaissance dba Dante IT
Services, Inc. | Electronics and Appliance Stores | Term Loan | Prime plus 3.75% | 3/1/2018 | 100.0 | 1.6 | 1.6 | — % |

Field: Page; Sequence: 151

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Field: Sequence; Type: Arabic; Name: PageNo 143 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company — ^Chong Hun Im dba Kim's Market | Industry — Food and Beverage Stores | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.5% | Maturity — 2/27/2024 | 80.0 | 9.5 | 9.7 | — % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Whirlwind Car Wash, Inc. | Repair and Maintenance | Term Loan | Prime plus 2% | 4/9/2029 | 333.3 | 65.5 | 65.8 | 0.03 % |
| ^West Experience,Inc/West Mountain Equipment
Rental,Inc/Ski West Lodge | Amusement, Gambling, and Recreation Industries | Term Loan | 6% | 6/5/2026 | 1,333.0 | 863.5 | 895.8 | 0.43 % |
| ^Center-Mark Car Wash, Ltd | Specialty Trade Contractors | Term Loan | Prime plus 2.75% | 5/18/2024 | 221.3 | 27.9 | 28.7 | 0.01 % |
| ^Shuttle Car Wash, Inc. dba Shuttle Car Wash | Repair and Maintenance | Term Loan | Prime plus 2.25% | 11/10/2028 | 109.8 | 17.2 | 17.5 | 0.01 % |
| ^Min Hui Lin | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 1/30/2028 | 134.3 | 17.5 | 18.2 | 0.01 % |
| ^Delta Partners, LLC dba Delta Carwash | Repair and Maintenance | Term Loan | Prime plus 2.5% | 4/5/2029 | 280.9 | 42.5 | 44.0 | 0.02 % |
| ^Auto Sales, Inc. | Motor Vehicle and Parts Dealers | Term Loan | 6% | 8/17/2023 | 75.0 | 7.8 | 8.0 | — % |
| ^B & J Manufacturing Corporation and Benson
Realty Trust | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2% | 3/30/2021 | 250.0 | 18.8 | 18.8 | 0.01 % |
| ^RAB Services, Inc. & Professional Floor
Installations | Specialty Trade Contractors | Term Loan | Prime plus 2.5% | 1/31/2023 | 62.5 | 7.0 | 7.1 | — % |
| ^Ralph Werner dba Werner Transmissions | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/29/2021 | 26.6 | 2.3 | 2.4 | — % |
| ^Taste of Inverness, Inc. dba China Garden | Food Services and Drinking Places | Term Loan | Prime plus 2% | 6/29/2025 | 73.8 | 8.8 | 8.8 | — % |
| ^M. Krishna, Inc. dba Super 8 Motel | Accommodation | Term Loan | Prime plus 2% | 3/20/2025 | 250.0 | 9.4 | 9.5 | — % |
| ^Robin C. & Charles E. Taylor & Brigantine
Aquatic Center LLC | Amusement, Gambling, and Recreation Industries | Term Loan | 6% | 9/14/2023 | 185.8 | 31.5 | 32.3 | 0.02 % |
| ^OrthoQuest, P.C. | Ambulatory Health Care Services | Term Loan | Prime plus 2% | 3/12/2022 | 56.8 | 4.3 | 4.3 | — % |
| ^CPN Motel, L.L.C. dba American Motor Lodge | Accommodation | Term Loan | Prime plus 2.25% | 4/30/2024 | 379.0 | 30.8 | 31.1 | 0.01 % |
| ^Track Side Collision & Tire, Inc. | Plastics and Rubber Products Manufacturing | Term Loan | Prime plus 2.75% | 6/16/2025 | 44.8 | 4.9 | 5.0 | — % |
| ^Duttakrupa, LLC dba Birmingham Motor Court | Accommodation | Term Loan | Prime plus 2.25% | 9/8/2023 | 98.8 | 12.2 | 12.3 | 0.01 % |
| ^Deesha Corporation, Inc. dba Best Inn &
Suites | Accommodation | Term Loan | Prime plus 2.25% | 2/14/2025 | 250.0 | 27.4 | 27.8 | 0.01 % |
| ^Maruti, Inc | Accommodation | Term Loan | Prime plus 2.25% | 11/25/2024 | 220.0 | 25.4 | 25.7 | 0.01 % |
| Willington Hills Equestrian Center LLC | Animal Production and Aquaculture | Term Loan | Prime plus 2.75% | 10/19/2022 | 85.0 | 12.8 | 13.1 | 0.01 % |

Field: Page; Sequence: 152

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Field: Sequence; Type: Arabic; Name: PageNo 144 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company | Industry | Type
of Investment | Interest Rate (2) | Maturity | Principal | Cost | Fair Value | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^LABH, Inc. | Accommodation | Term Loan | Prime plus 2.25% | 9/27/2024 | 555.0 | 40.8 | 41.3 | 0.02 % |
| ^Randall D. & Patricia D. Casaburi dba
Pat's Pizzazz | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 3/13/2023 | 68.8 | 7.0 | 7.2 | — % |
| ^Gain Laxmi, Inc. dba Super 8 Motel | Accommodation | Term Loan | Prime plus 2.25% | 5/31/2023 | 202.5 | 20.0 | 20.2 | 0.01 % |
| ^Naseeb Corporation | Accommodation | Term Loan | Prime plus 2.25% | 3/31/2024 | 402.5 | 29.8 | 30.2 | 0.01 % |
| ^Stillwell Ave Prep School | Social Assistance | Term Loan | Prime plus 2.75% | 1/14/2023 | 72.0 | 6.4 | 6.5 | — % |
| ^Karis, Inc. | Accommodation | Term Loan | Prime plus 2% | 12/22/2023 | 148.8 | 13.4 | 13.4 | 0.01 % |
| ^Five Corners, Ltd. | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/11/2019 | 85.0 | 4.7 | 4.8 | — % |
| ^Alyssa Corp dba Knights Inn | Accommodation | Term Loan | Prime plus 2.25% | 9/30/2023 | 350.0 | 42.0 | 42.4 | 0.02 % |
| ^Bhailal Patel dba New Falls Motel | Accommodation | Term Loan | Prime plus 2.75% | 3/27/2023 | 100.0 | 3.7 | 3.8 | — % |
| ^Pegasus Automotive, Inc. | Gasoline Stations | Term Loan | Prime plus 2.75% | 12/23/2022 | 112.5 | 10.9 | 11.2 | 0.01 % |
| ^Delyannis Iron Works | Fabricated Metal Product Manufacturing | Term Loan | 6% | 12/8/2022 | 16.0 | 1.0 | 1.1 | — % |
| ^P. Agrino, Inc. dba Andover Diner | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 7/18/2021 | 150.0 | 8.9 | 9.1 | — % |
| ^Golden Elevator Co., Inc. | Support Activities for Agriculture and Forestry | Term Loan | Prime plus 2.75% | 1/31/2022 | 50.0 | 0.4 | 0.4 | — % |
| ^RJS Service Corporation | Gasoline Stations | Term Loan | Prime plus 2.75% | 8/20/2021 | 79.0 | 6.2 | 6.3 | — % |
| Chez Rurene Bakery | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/20/2017 | 150.0 | 9.2 | 9.2 | — % |
| Total
Performing SBA Unguaranteed Investments | | | | | $ 235,664.6 | $ 204,850.6 | $ 202,886.6 | 97.03 % |
| Non-Performing
SBA Unguaranteed Investments (3) | | | | | | | | |
| ^200 North 8th Street Associates LLC and Enchanted
Acres Fa | Food Manufacturing | Term Loan | Prime plus 2.75% | 5/4/2028 | $ 468.8 | $ 469.3 | $ 441.3 | 0.21 % |
| ^214 North Franklin, LLC and Winter
Ventures, Inc. | Nonstore Retailers | Term Loan | 6% | 11/29/2037 | 81.7 | 81.7 | 29.7 | 0.01 % |
| ^A + Quality Home Health Care, Inc. | Ambulatory Health Care Services | Term Loan | 6% | 8/1/2016 | 1.3 | 1.3 | 1.2 | — % |
| Almeria Marketing 1, Inc. | Personal and Laundry Services | Term Loan | 7.75% | 10/15/2015 | 4.3 | 4.3 | 0.6 | — % |

Field: Page; Sequence: 153

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Field: Sequence; Type: Arabic; Name: PageNo 145 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company — ^Al-Mustafa Enterprise, Inc. and
Al-Mustafa Enterprise Inc | Industry — Motor Vehicle and Parts Dealers | Type
of Investment — Term Loan | Interest Rate (2) — 6.25% | Maturity — 9/18/2040 | 129.3 | 129.5 | 109.0 | 0.05 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^AUM Estates, LLC and Sculpted Figures Plastic
Surgery Inc. | Ambulatory Health Care Services | Term Loan | 6% | 3/14/2038 | 305.3 | 305.7 | 28.8 | 0.01 % |
| AWA Fabrication & Construction, L.L.C. | Fabricated Metal Product Manufacturing | Term Loan | 6% | 4/30/2025 | 34.7 | 34.8 | 19.4 | 0.01 % |
| ^B&B Fitness and Barbell, Inc. dba Elevations
Health Club | Amusement, Gambling, and Recreation Industries | Term Loan | 6% | 6/22/2035 | 206.4 | 206.7 | 201.6 | 0.10 % |
| Baker Sales, Inc. d/b/a Baker Sales, Inc. | Nonstore Retailers | Term Loan | 6% | 3/29/2036 | 177.0 | 177.4 | 80.2 | 0.04 % |
| ^Fieldstone Quick Stop LLC(OC) Barber Investments
LLC (EPC) Thadius M B | Gasoline Stations | Term Loan | 6% | 9/30/2038 | 646.4 | 648.0 | 327.6 | 0.16 % |
| ^Barber Investments LLC and Fieldstone Quickstop
LLC and Maine Dollar D | Gasoline Stations | Term Loan | Prime plus 2.75% | 8/15/2039 | 146.0 | 146.3 | — | — % |
| Bwms Management, LLC | Food Services and Drinking Places | Term Loan | 0% | 3/1/2018 | 5.1 | 5.1 | 4.9 | — % |
| ^Chickamauga Properties, Inc., MSW Enterprises,
LLP | Amusement, Gambling, and Recreation Industries | Term Loan | 6.25% | 12/22/2035 | 59.0 | 59.0 | 56.4 | 0.03 % |
| ^Chickamauga Properties, Inc. and MSW Enterprises,
LLP | Amusement, Gambling, and Recreation Industries | Term Loan | 6.25% | 10/19/2022 | 43.4 | 43.5 | — | — % |
| ^Custom Software, Inc. a Colorado Corporation
dba M-33 Access | Professional, Scientific, and Technical Services | Term Loan | 6.25% | 6/17/2021 | 285.5 | 286.2 | 43.1 | 0.02 % |
| ^Custom Software, Inc. a Colorado Corporation
dba M-33 Access | Broadcasting (except Internet) | Term Loan | 6.25% | 4/30/2022 | 94.1 | 94.3 | — | — % |
| ^Danjam Enterprises, LLC dba Ariel Dental Care | Ambulatory Health Care Services | Term Loan | 6% | 3/31/2035 | 172.8 | 173.0 | 158.3 | 0.08 % |
| ^Danjam Enterprises, LLC dba Ariel Dental Care | Ambulatory Health Care Services | Term Loan | 6% | 3/29/2023 | 64.7 | 64.8 | 58.6 | 0.03 % |
| ^DC Realty, LLC dba FOGO Data Centers | Professional, Scientific, and Technical Services | Term Loan | 6% | 3/23/2037 | 2,646.6 | 2,673.3 | 2,609.4 | 1.25 % |
| ^DC Realty, LLC dba FOGO Data Centers | Professional, Scientific, and Technical Services | Term Loan | 6.25% | 3/23/2022 | 178.9 | 179.3 | 169.4 | 0.08 % |
| ^Dean 1021 LLC dba Pure Pita | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 4/29/2025 | 63.9 | 64.0 | 49.6 | 0.02 % |
| ^Dill Street Bar and Grill Inc and WO Entertainment,
Inc | Food Services and Drinking Places | Term Loan | 6% | 9/27/2027 | 78.2 | 78.4 | 1.2 | — % |
| Dr. Francis E. Anders, DVM | Professional, Scientific, and Technical Services | Term Loan | 6% | 8/9/2015 | 1.6 | 1.6 | 1.5 | — % |

Field: Page; Sequence: 154

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 146 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio Company — ^Europlast Ltd | Industry — Plastics and Rubber Products Manufacturing | Type
of Investment — Term Loan | Interest Rate (2) — 6% | Maturity — 9/26/2022 | 316.1 | 316.9 | 36.5 | 0.02 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Europlast Ltd | Plastics and Rubber Products Manufacturing | Term Loan | 6% | 5/31/2023 | 155.2 | 155.6 | 114.8 | 0.05 % |
| ^Event Mecca LLC | Other Information Services | Term Loan | 6% | 4/10/2023 | 12.6 | 12.6 | 9.4 | — % |
| ^EZ Towing, Inc. | Support Activities for Transportation | Term Loan | 6% | 1/31/2023 | 123.2 | 123.5 | 107.1 | 0.05 % |
| ^Gator Communications Group LLC dba Harvard Printing Group | Printing and Related Support Activities | Term Loan | 6.25% | 3/30/2022 | 232.9 | 233.5 | 22.7 | 0.01 % |
| ^Gator Communications Group LLC dba Harvard Printing Group | Printing and Related Support Activities | Term Loan | 6.25% | 4/25/2022 | 157.4 | 157.8 | — | — % |
| ^Gator Communications Group, LLC dba Harvard Printing Group | Printing and Related Support Activities | Term Loan | 6.25% | 3/27/2023 | 13.3 | 13.3 | — | — % |
| ^Grand Manor Realty, Inc. & Kevin LaRoe | Real Estate | Term Loan | 6% | 2/20/2023 | 18.9 | 19.0 | 17.8 | 0.01 % |
| Guzman Group,LLC | Rental and Leasing Services | Term Loan | 6% | 1/30/2016 | 189.7 | 190.2 | 154.5 | 0.07 % |
| ^Hamer Road Auto Salvage, LLC and Scott T. Cook and Nikki J. Cook | Motor Vehicle and Parts Dealers | Term Loan | 6% | 8/8/2039 | 176.7 | 177.1 | 156.6 | 0.07 % |
| Harrelson Materials Management,Inc | Waste Management and Remediation Services | Term Loan | 6% | 6/24/2021 | 464.2 | 465.4 | 36.4 | 0.02 % |
| ^Hartford Cardiology Group LLC and Ideal Nutrition of Connecticut
LLC | Ambulatory Health Care Services | Term Loan | Prime plus 2.75% | 6/30/2026 | 478.9 | 480.1 | 127.1 | 0.06 % |
| ^Home Again Restaurant LLC | Food Services and Drinking Places | Term Loan | 6.25% | 6/30/2040 | 58.7 | 58.8 | 52.9 | 0.03 % |
| ^J Olson Enterprises LLC and Olson Trucking Direct, Inc. | Truck Transportation | Term Loan | 6% | 6/28/2025 | 647.5 | 649.1 | 226.8 | 0.11 % |
| ^J&M Concessions, Inc.dba A-1 Liquors | Food and Beverage Stores | Term Loan | 6.25% | 3/3/2039 | 130.2 | 130.6 | 91.9 | 0.04 % |
| ^J&M Concessions Inc dba A 1 Liquors | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 2/27/2025 | 79.8 | 80.0 | 11.7 | 0.01 % |
| Jenny's Wunderland, Inc. | Social Assistance | Term Loan | 6% | 6/29/2036 | 149.7 | 150.1 | 52.2 | 0.02 % |
| ^Karykion, Corporation dba Karykion Corporation | Professional, Scientific, and Technical Services | Term Loan | 6% | 6/28/2022 | 144.4 | 144.8 | 140.4 | 0.07 % |
| ^Kantz LLC and Kantz Auto LLC dba Kantz's Hometown Auto | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 10/29/2039 | 63.4 | 63.5 | 57.2 | 0.03 % |
| Krishna of Orangeburg, Inc. | Accommodation | Term Loan | 6% | 2/20/2032 | 10.3 | 10.3 | 5.6 | — % |
| ^Kup's Auto Spa Inc | Repair and Maintenance | Term Loan | 6.25% | 11/15/2038 | 373.2 | 374.1 | 351.8 | 0.17 % |
| Kup’s Auto Spa, Inc. | Repair and Maintenance | Term Loan | 6.25% | 10/23/2025 | 59.1 | 59.3 | 55.7 | 0.03 % |
| ^Las Torres Development LLC dba Houston Event Centers | Real Estate | Term Loan | 6% | 8/27/2028 | 51.0 | 51.0 | 4.0 | — % |

Field: Page; Sequence: 155

See accompanying notes to unaudited condensed consolidated financial statements.

Field: Sequence; Type: Arabic; Name: PageNo 147 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company — ^M and C Renovations Inc | Industry — Construction of Buildings | Type
of Investment — Term Loan | Interest Rate (2) — Prime plus 2.75% | Maturity — 10/31/2024 | 15.9 | 16.0 | 12.1 | 0.01 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Matchless Transportation LLC dba First Class
Limo | Transit and Ground Passenger Transportation | Term Loan | 6.25% | 8/3/2022 | 126.4 | 126.7 | 17.5 | 0.01 % |
| ^Milliken and Milliken, Inc. dba Milliken Wholesale
Distribution | Merchant Wholesalers, Durable Goods | Term Loan | 6% | 6/10/2036 | 152.8 | 152.9 | 140.3 | 0.07 % |
| ^Mojo Brands Media, LLC | Broadcasting (except Internet) | Term Loan | 6% | 8/28/2023 | 723.1 | 725.0 | 486.9 | 0.23 % |
| Morris Glass and Construction | Specialty Trade Contractors | Term Loan | 6% | 3/7/2021 | 44.8 | 44.8 | 3.0 | — % |
| ^New Paltz Dental Care, PLLC dba Ariel Dental
Care | Ambulatory Health Care Services | Term Loan | 6% | 6/19/2025 | 97.3 | 97.5 | 88.4 | 0.04 % |
| Our Two Daughters L.L.C. dba Washington's Restaurant | Food Services and Drinking Places | Term Loan | 6% | 6/18/2026 | 169.8 | 170.3 | 22.7 | 0.01 % |
| ^E & I Holdings, LP & PA Farm Products,
LLC | Food Manufacturing | Term Loan | 6% | 4/30/2030 | 1,227.7 | 1,230.8 | 436.4 | 0.21 % |
| ^NB & T Services, LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 4/27/2026 | 36.5 | 36.6 | — | — % |
| Professional Systems, LLC and Professional
Cleaning | Administrative and Support Services | Term Loan | 6% | 7/30/2020 | 132.0 | 132.1 | 7.2 | — % |
| ^Route 130 SCPI Holdings LLC (EPC) Route 130
SCPI Operations LLC (OC) d | Food Services and Drinking Places | Term Loan | 6.25% | 9/30/2039 | 535.1 | 536.4 | 368.5 | 0.18 % |
| ^Seven Stars Enterprises, Inc. dba Atlanta
Bread Company | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 6/30/2018 | 18.8 | 18.8 | 18.5 | 0.01 % |
| Sheikh M Tariq dba Selbyville Foodrite | Gasoline Stations | Term Loan | 6% | 3/13/2023 | 21.2 | 21.2 | — | — % |
| ^Shivsakti, LLC dba Knights Inn | Accommodation | Term Loan | 6.25% | 12/20/2032 | 69.7 | 69.9 | 62.9 | 0.03 % |
| ^STK Ventures Inc dba JP Dock Service &
Supply | Specialty Trade Contractors | Term Loan | 6% | 5/9/2037 | 31.6 | 31.6 | 2.3 | — % |
| Stormwise South Florida dba Stormwise Shutters | Specialty Trade Contractors | Term Loan | 6% | 11/7/2036 | 403.1 | 404.1 | 324.8 | 0.16 % |
| Stormwise South Florida dba Stormwise Shutters | Specialty Trade Contractors | Term Loan | 6% | 8/26/2024 | 201.1 | 201.6 | — | — % |
| Tequila Beaches, LLC dba Fresco Restaurant | Food Services and Drinking Places | Term Loan | 6% | 9/16/2021 | 0.2 | 0.2 | 0.2 | — % |
| ^The Conibear Corporation and Conibear Trucking,
LLC | Truck Transportation | Term Loan | Prime plus 2.75% | 12/5/2024 | 7.9 | 7.9 | 0.9 | — % |
| The Lucky Coyote, LLC | Miscellaneous Manufacturing | Term Loan | 6% | 5/8/2017 | 6.2 | 6.2 | 2.3 | — % |
| ^Will Zac Management LLC dba Papa John's | Food Services and Drinking Places | Term Loan | 6.25% | 12/19/2024 | 42.4 | 42.5 | 41.3 | 0.02 % |
| ^Winter Ventures Inc and 214 N Franklin LLC | Nonstore Retailers | Term Loan | 6% | 4/29/2024 | 56.5 | 56.6 | — | — % |
| ^Winter Ventures Inc dba Qualitybargainbooks
and Qualitybargainmall | Nonstore Retailers | Term Loan | 6% | 12/23/2024 | 149.1 | 149.3 | — | — % |

Field: Page; Sequence: 156

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Field: Sequence; Type: Arabic; Name: PageNo 148 Field: /Sequence

NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

Field: /Page

| Portfolio
Company | Industry | Type
of Investment | Interest Rate (2) | Maturity | | Cost | Fair Value | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ^Winter Ventures Inc dba Qualitybargainbooks
and Qualitybargainmall | Nonstore Retailers | Term Loan | 6% | 4/3/2029 | 134.4 | 134.5 | — | — % |
| ^Wired LLC and Moulison North Corporation | Specialty Trade Contractors | Term Loan | 6.25% | 6/30/2024 | 325.2 | 326.0 | 306.6 | 0.15 % |
| ^Wired LLC and Moulison North Corporation | Specialty Trade Contractors | Term Loan | 6.25% | 7/3/2024 | 137.9 | 138.3 | 13.8 | 0.01 % |
| Woody's Trucking LLC | Truck Transportation | Term Loan | Prime plus 2.75% | 1/12/2026 | 11.7 | 11.7 | 3.1 | — % |
| Total
Non-Performing SBA Unguaranteed Investments | | | | $ | 14,879.8 | $ 14,933.6 | $ 8,584.6 | 4.11 % |
| Total
SBA Unguaranteed Investments | | | | $ | 250,544.4 | $ 219,784.2 | $ 211,471.2 | 101.14 % |
| Performing
SBA Guaranteed Investments (4) | | | | | | | | |
| HMG Strategy, LLC | Professional, Scientific, and Technical Services | Term Loan | Prime plus 2.75% | 12/14/2026 | 200.0 | 150.0 | 165.9 | 0.08 % |
| Techni-Pro Institute LLC | Educational Services | Term Loan | Prime plus 2.75% | 12/15/2026 | 760.0 | 570.0 | 630.6 | 0.30 % |
| Sempco, Inc. | Miscellaneous Manufacturing | Term Loan | Prime plus 2.75% | 12/15/2041 | 168.0 | 126.0 | 142.3 | 0.07 % |
| Means Enterprises LLC dba FastFrame Frisco | Furniture and Home Furnishings Stores | Term Loan | Prime plus 2.75% | 12/16/2026 | 150.0 | 127.5 | 141.1 | 0.07 % |
| New Image Building Services, Inc.dba The Maids
Servicing Oakland &Maco | Administrative and Support Services | Term Loan | Prime plus 2.75% | 12/21/2026 | 175.0 | 131.3 | 145.2 | 0.07 % |
| Jacliff Investments Inc. dba International
health Technologies | Publishing Industries (except Internet) | Term Loan | Prime plus 2.75% | 12/23/2026 | 500.0 | 375.0 | 414.9 | 0.20 % |
| Joshua L. Baker | Insurance Carriers and Related Activities | Term Loan | Prime plus 2.75% | 12/23/2026 | 105.0 | 89.3 | 98.7 | 0.05 % |
| Sand Hill Associates, Ltd. dba Charlie O's
Tavern on the Point | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/27/2041 | 1,679.5 | 1,259.6 | 1,420.2 | 0.68 % |
| Fort Smith Wings Inc. dba Wing Stop | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/28/2026 | 130.0 | 110.5 | 122.2 | 0.06 % |
| Elite Structures Inc | Fabricated Metal Product Manufacturing | Term Loan | Prime plus 2.75% | 10/27/2029 | 900.0 | 675.0 | 754.3 | 0.36 % |
| Angelo Faia dba AVF Construction | Construction of Buildings | Term Loan | Prime plus 2.75% | 5/27/2041 | 394.9 | 296.1 | 334.3 | 0.16 % |
| Franklin Firm LLC dba Luv 2 Play | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 7/15/2041 | 691.5 | 518.7 | 585.4 | 0.28 % |

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

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| Portfolio
Company | Industry | Type
of Investment | Interest Rate (2) | Maturity | | Cost | Fair Value | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Shooting Sports Academy LLC and
Jetaa LLC dba Shooting Sports Academy | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 6/23/2041 | 1,500.0 | 1,125.0 | 1,268.4 | 0.61 % |
| Worldwide Estate, Inc. dba Washington Heights
Manor | Nursing and Residential Care Facilities | Term Loan | Prime plus 2.75% | 10/21/2041 | 900.0 | 467.3 | 527.7 | 0.25 % |
| Bear Creek Entertainment LLC dba The Woods
at Bear Creek | Accommodation | Term Loan | Prime plus 2.75% | 8/12/2041 | 1,750.0 | 837.3 | 944.0 | 0.45 % |
| Nevey's LLC dba Stark Food III | Food and Beverage Stores | Term Loan | Prime plus 2.75% | 6/30/2041 | 1,175.5 | 739.7 | 833.0 | 0.40 % |
| Sambella Holdings, LLC and Strike Zone Entertainment
Center LLC | Amusement, Gambling, and Recreation Industries | Term Loan | Prime plus 2.75% | 12/24/2041 | 2,000.0 | 1,099.4 | 1,240.3 | 0.59 % |
| Middlesex Auto Sales Corp | Motor Vehicle and Parts Dealers | Term Loan | Prime plus 2.75% | 10/31/2041 | 500.0 | 142.5 | 160.9 | 0.08 % |
| 131 Miles LLC and Ohm Shubh Laxmi, LLC. dba
Mr Hero | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/3/2041 | 510.1 | 107.5 | 121.1 | 0.06 % |
| Surgarloaf Concepts LLC dba Fat Biscuit | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/8/2026 | 675.0 | 287.6 | 317.9 | 0.15 % |
| MIK LLC dba Firehouse Subs | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 11/9/2026 | 800.0 | 490.0 | 542.1 | 0.26 % |
| Roast Beef Levittown LLC dba Arby's | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 12/13/2026 | 1,860.0 | 163.7 | 180.8 | 0.09 % |
| Imaginarium Foods LLC, | Food Services and Drinking Places | Term Loan | Prime plus 2.75% | 2/28/2042 | 1,506.9 | 373.3 | 421.0 | 0.20 % |
| Total
SBA Guaranteed Performing Investments | | | | $ | 19,031.4 | $ 10,262.3 | $ 11,512.3 | 5.51 % |
| Total
SBA Unguaranteed and Guaranteed Investments | | | | $ | 269,575.8 | $ 230,046.5 | $ 222,983.5 | 106.64 % |
| Controlled
Investments (5) | | | | | | | | |
| Advanced Cyber Security Systems, LLC (6)
(16) | Data processing, hosting and related services. | 50% Membership Interest | —% | — | — | — | — | — % |
| | | Term Loan | 3% | December 2014 | 1,120.0 | 381.0 | — | — % |
| *Automated Merchant Services, Inc. (7)
(16) | Data processing, hosting and related services. | 100% Common Stock | —% | — | — | — | — | — % |
| CDS Business Services, Inc. (8) | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | 100% Common Stock | —% | — | — | 4,428.0 | 750.0 | 0.36 % |
| | | Line of Credit | Prime Plus 2.5% | August 2018 | 2,690.0 | 2,690.0 | 2,690.0 | 1.29 % |

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

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| Portfolio
Company | Industry | Type
of Investment | Interest Rate (2) | Maturity | Principal | Cost | Fair Value | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| CrystalTech Web Hosting, Inc. (11) | Data processing, hosting and related services. | 100% Common Stock | —% | — | — | 8,434.0 | 20,109.0 | 9.62 % |
| Fortress Data Management, LLC (16) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | — | — | — % |
| Newtek Insurance Agency, LLC (13) (16) | Insurance Carriers and Related Activities | 100% Membership Interests | —% | — | — | — | 2,500.0 | 1.20 % |
| PMTWorks Payroll, LLC (9) | Data processing, hosting and related services. | 100% Membership Interests | —% | — | — | 725.1 | 860.0 | 0.41 % |
| | | Term Loan | 10%-12% | Various maturities through May 2018 | 1,685.0 | 1,685.0 | 1,185.0 | 0.57 % |
| Secure CyberGateway Services, LLC (10)
(16) | Data processing, hosting and related services. | 66.7% Membership Interests | —% | — | — | — | — | — % |
| | | Term Loan | 7% | June 2017 | 2,400.0 | 300.0 | — | — % |
| Small Business Lending, LLC. (12) (16) | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | 100% Membership Interest | —% | — | — | — | 3,300.0 | 1.58 % |
| Titanium Asset Management LLC (15) (16) | Administrative and Support Services | 100% Membership Interest | —% | — | — | — | — | — % |
| | | Term Loan | 3% | July 2017 | 2,200.0 | 660.4 | 508.1 | 0.24 % |
| ADR Partners, LLC dba banc-serv Partners, LLC (12) | Securities, Commodity Contracts, and Other Financial Investments
and Related Activities | 100% Membership Interest | —% | — | — | 5,260.3 | 5,400.0 | 2.58 % |
| Summit Systems and Designs, LLC (14)
(16) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | — | — | — % |
| Premier Payments LLC (11) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | 16,438.0 | 21,000.0 | 10.04 % |
| Universal Processing Services
of Wisconsin, LLC (11) (16) | Data processing, hosting and related services. | 100% Membership Interest | —% | — | — | — | 63,000.0 | 30.13 % |
| Total
Controlled Investments | | | | | $ 10,095.0 | $ 41,001.8 | $ 121,302.1 | 58.01 % |
| Non-control/Non-affiliate
Investments | | | | | | | | |
| Excel WebSolutions, LLC | Data processing, hosting and related services. | Term Loan | 10% | September 2018 | $ 1,020.2 | $ 903.5 | $ 903.5 | 0.43 % |
| | | Warrants | —% | — | — | — | — | — % |
| | | | | | $ 1,020.2 | $ 903.5 | $ 903.5 | 0.43 % |
| Investments
in Money Market Funds | | | | | | | | |
| UBS Select Treasury Institutional Fund - 0.29%
yield | | | | | $ 9.6 | $ 9.6 | $ 9.6 | — % |

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS DECEMBER 31, 2016 (In Thousands)

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Portfolio Company	Principal	Cost	Fair Value
Peapack Gladstone High Yield IMMA
- 0.30% yield	25.8	25.8	25.8	0.01 %
Total Money Market Funds	$ 35.4	$ 35.4	$ 35.4	0.02 %
Total Investments	$ 280,726.4	$ 271,987.2	$ 345,224.5	165.10 %

^ Denotes investment that has been pledged as collateral under the Securitization Trusts.

Denotes non-income producing security.

(1) Newtek values each unguaranteed portion of SBA 7(a) performing 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 Preferred Lender Program (“PLP”) status from the SBA. The 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) Prime Rate is equal to 3.50% as of December 31, 2016.

(7) 96.11% owned by Wilshire Partners, LLC (a subsidiary of Newtek Business Services Corp.), 3.89% owned by Newtek Business Services Corp.

(8) 18.35% owned by Wilshire New York Partners IV, LLC (a subsidiary of Newtek Business Services Corp.), 31.8% owned by Wilshire New York Partners V, LLC (a subsidiary of Newtek Business Services Corp.) and 49.85% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.).

(9) 25% owned by Wilshire New York Partners V, LLC (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) 66.7% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.), 33.3% owned by non-affiliate.

(11) 100% owned by Newtek Business Services Holdco 1, Inc. (a subsidiary of Newtek Business Services Corp.).

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(12) 100% owned by Newtek LSP Holdco, LLC (a subsidiary of Wilshire Holdings I, Inc. and Banc-Serv Acquisition, Inc., both subsidiaries of Newtek Business Services Corp.).

(13) 100% owned by Wilshire Holdings I, Inc. (a subsidiary of Newtek Business Services Corp.).

(14) 100% owned by The Whitestone Group, LLC (a subsidiary of Wilshire Holdings I, Inc., a subsidiary of Newtek Business Services Corp.).

(16) 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.

(17) 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.

(18) 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, 2016, 5.5% of total assets are non-qualifying assets. As of December 31, 2016, the federal tax cost of investments was $263,179,000 resulting in estimated gross unrealized gains and losses of $99,380,000 and $17,335,000, respectively.

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NEWTEK BUSINESS SERVICES CORP. AND SUBSIDIARIES

NOTES TO CONDENSED 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

• The Whitestone Group, LLC

• Wilshire Colorado Partners, LLC

• Wilshire DC Partners, LLC

• Wilshire Holdings I, Inc.

• Wilshire Louisiana Bidco, LLC

• Wilshire Louisiana Partners II, LLC

• Wilshire Louisiana Partners III, LLC

• Wilshire Louisiana Partners IV, LLC

• Wilshire New York Advisers II, LLC

• Wilshire New York Partners III, LLC

• Wilshire New York Partners IV, LLC

• Wilshire New York Partners V, LLC

• Wilshire Partners, LLC

• CCC Real Estate Holdings, LLC

• Banc-Serv Acquisition, Inc.

• Exponential Business Development Co., Inc.

• Newtek LSP Holdco, LLC

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• Newtek Business Services Holdco 1, Inc.

• Newtek Business Services Holdco 2, Inc.

The accompanying notes to the unaudited condensed consolidated financial statements should be read in conjunction with Newtek’s Annual Report for the year ended December 31, 2016 on Form 10-K. 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, 2016 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. Certain prior period amounts have been reclassified to conform to the current period presentation.

Except as otherwise noted, all financial information included in the tables in the following footnotes is stated in thousands, except per share data.

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.

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Consolidation

As provided under Regulation S-X and ASC Topic 946, 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 condensed consolidated statements of assets and liabilities as investments. Those assets are owned by the securitization trusts, and are included in the Company’s condensed 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.

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 taxable earnings estimated by management.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less when purchased to be cash equivalents. Invested cash is held almost exclusively at financial institutions of high credit quality. The Company invests cash not held in interest free checking accounts or bank money market accounts mainly in U.S. Treasury only money market instruments. As of September 30, 2017, cash deposits in excess of insured amounts totaled $11,068,000. The Company has not experienced any losses with respect to cash balances in excess of insured amounts and management does not believe there was a significant concentration of risk with respect to cash balances as of September 30, 2017.

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 September 30, 2017, total restricted cash was $26,602,000.

Broker Receivable

Broker receivable represents amounts due from third parties for loans which have been traded at period end but have not yet settled.

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 2014 are generally closed, and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings.

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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 and nine months ended September 30, 2017 and 2016, 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 $5,240,000 and $5,983,000 at September 30, 2017 and December 31, 2016, respectively, and are recorded as a deferred tax liabilities on the condensed 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 condensed consolidated statements of operations.

Investment Income

Interest on debt investments is accrued and included in income based on contractual rates applied to principal amounts outstanding. Interest income is determined using a method that results in a level rate of return on principal amounts outstanding. When a loan becomes 90 days or more past due, or if we otherwise do not expect to receive interest and principal repayments, the loan is placed on non-accrual status and the recognition of interest income is discontinued. Interest payments received on loans that are on non-accrual status are treated as reductions of principal until the principal is repaid.

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 daily and recorded when earned. 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 condensed consolidated statements of operations.

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Stock – Based Compensation

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

New Accounting Standards

In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force),” which requires that the statement of cash flow explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. This ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those periods. Early adoption is permitted. The Company does not believe this ASU will have a material impact on its consolidated financial statements and disclosures.

In February 2016, the FASB issued ASU 2016-02, “Leases,” which amends various aspects of existing accounting guidance for leases, including the recognition of a right of use asset and a lease liability for leases with a duration of greater than one year. The ASU is effective for annual reporting periods beginning after December 15, 2018, and interim periods within those periods. Early adoption is permitted. The Company has not completed its review of the new guidance; however, the Company anticipates that upon adoption of the standard it will recognize additional assets and corresponding liabilities related to leases on its consolidated statements of assets and liabilities.

In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”, which, among other things, requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. Additionally, the ASU changes the disclosure requirements for financial instruments. This ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those periods, and early adoption is permitted for certain provisions. The Company does not believe this ASU will have a material impact on its consolidated financial statements and disclosures.

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:

	September 30, 2017 — Cost	Fair Value	December 31, 2016 — Cost	Fair Value
Money market funds	$ 9	$ 9	$ 35	$ 35
Non-affiliate debt investments	286,769	281,224	230,950	223,887
Controlled investments
Equity	46,356	128,020	35,285	116,919
Debt	12,535	8,929	5,716	4,383
Total investments	$ 345,669	$ 418,182	$ 271,986	$ 345,224

In April 2017, the Company invested in 100% of the common stock of a new wholly-owned, controlled portfolio company, IPM. IPM provides consulting, design and implementation of technology solutions for enterprise and commercial clients. Total consideration for the investment was $11,120,000 and consisted of $1,000,000 in restricted shares of Newtek common stock, $8,752,000 in cash and $1,368,000 to be paid in cash in two equal installments in 2018 and 2019 based on IPM attaining specific EBITDA levels for 2017 and 2018. As of September 30, 2017, the fair value of the contingent consideration liabilities was $620,000 and is included in Accounts Payable, Accrued Expenses and other liabilities on the condensed consolidated statement of assets and liabilities.

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The following table shows the Company’s portfolio investments by industry at September 30, 2017 and December 31, 2016:

	September 30, 2017 — Cost	Fair Value	December 31, 2016 — Cost	Fair Value
Data processing, hosting and related services	$ 29,583	$ 103,605	$ 29,010	$ 107,180
Food Services and Drinking Places	28,314	27,752	21,941	21,702
Amusement, Gambling, and Recreation Industries	19,452	20,037	18,486	18,995
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	18,302	19,966	12,909	12,649
Ambulatory Health Care Services	14,474	13,645	13,068	11,976
Repair and Maintenance	12,990	13,391	12,066	12,228
Professional, Scientific, and Technical Services	27,676	27,171	12,240	11,582
Accommodation	10,566	11,243	9,455	9,849
Specialty Trade Contractors	9,029	8,712	8,311	7,595
Merchant Wholesalers, Durable Goods	6,404	6,330	6,211	5,989
Truck Transportation	15,483	14,615	7,469	6,938
Food and Beverage Stores	5,187	5,160	5,221	5,194
Heavy and Civil Engineering Construction	4,530	4,430	4,328	4,209
Fabricated Metal Product Manufacturing	11,113	11,511	5,922	5,961
Administrative and Support Services	5,873	5,268	6,379	5,727
Social Assistance	6,869	7,013	4,903	4,905
Motor Vehicle and Parts Dealers	5,059	5,156	5,059	5,051
Food Manufacturing	9,437	7,507	5,596	4,873
Transit and Ground Passenger Transportation	3,482	3,302	1,836	1,703
Clothing and Clothing Accessories Stores	3,600	3,675	4,221	4,134
Personal and Laundry Services	10,333	10,861	4,255	4,206
Gasoline Stations	6,136	5,807	5,938	5,570
Printing and Related Support Activities	3,790	3,495	3,547	3,183
Insurance Carriers and Related Activities	833	3,366	1,126	3,631
Other	77,154	75,164	62,489	60,194
Total	$ 345,669	$ 418,182	$ 271,986	$ 345,224

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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 companies for the nine months ended September 30, 2017 were as follows:

Portfolio Company	Fair Value at December 31, 2016	Purchases (Cost)	Principal Received (Cost)		Net Realized Gains/(Losses)	Net Unrealized Gains/(Losses)		Fair Value at September 30, 2017	Interest and Other Income	Dividend Income
Controlled Investments
Universal Processing Services of
Wisconsin, LLC	$ 63,000	$ —	$ —		$ —	$ 3,000		$ 66,000	$ —	$ 5,250
Premier Payments LLC	21,000	—	—		—	—		21,000	—	1,200
Newtek Technology Solutions, Inc.	20,109	—	(50	)	—	(4,059	)	16,000	—	—
International Professional Marketing, Inc. (1)	—	10,000	(1,000	)	—	—		9,000	6	550
banc-serv Partners, LLC	5,400	—	—		—	(2,000	)	3,400	—	—
CDS Business Services, Inc.	3,440	15,703	(10,498	)	—	4,750		13,395	376	200
Small Business Lending, LLC	3,300	—	—		—	(800	)	2,500	—	100
Newtek Insurance Agency, LLC	2,500	—	—		—	—		2,500	—	—
PMTWorks Payroll, LLC	2,045	1,000	—		—	(3,045	)	—	—	—
Titanium Asset Management LLC	508	—	(466	)	—	(42	)	—	6	—
Excel WebSolutions, LLC	904	—	(368	)	—	(47	)	489	56	—
SIDCO, LLC	—	2,665	—		—	—		2,665	2	—
Summit Systems and Designs, LLC	—	—	—		—	—		—	54	—
Secure CyberGateway Services,
LLC	—	—	—		—	—		—	10	26
Total
Controlled Investments	$ 122,206	$ 29,368	$ (12,382	)	$ —	$ (2,243	)	$ 136,949	$ 510	$ 7,326

(1) Refer to Note 3 for discussion of investment in IPM.

Prior to January 2017, EWS was a non-control/non-affiliate investment. During the nine months ended September 30, 2017, the Company exercised warrants to purchase a 50% membership interest in EWS. Interest, fees, and dividends attributable to the investment in EWS that were credited to income prior to January 2017 are included in investment income from non-affiliate investments on the condensed consolidated statements of operations.

During the three months ended September 30, 2017, a portion of IPM’s business was spun off into a new wholly-owned controlled portfolio company, SIDCO. As a result, the underlying IPM business has not changed. The Company determined the cost basis of its investments in IPM and SIDCO to be $8,800,000 and $2,320,000, respectively. Refer to Note 3.

Related Party Transactions

Note Payable - Related Parties

In June 2015, the Company entered into a Related Party RLOC. Maximum borrowings under the Related Party RLOC were $38,000,000.

In June 2017, the Related Party RLOC was amended to increase maximum borrowings to $50,000,000. The outstanding balance bears interest at a rate equal to (a) LIBOR (with a floor of 0.50%) plus (b) 6% or at a rate equal to (y) the greater of the Prime Rate or 3.5% plus (z) 5%. At September 30, 2017, the Related Party RLOC bears interest at a rate of 7.31%. The Related Party RLOC has a maturity date of June 21, 2021. Outstanding borrowings from UPSW and NTS at September 30, 2017 were $20,541,000.

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Interest expense incurred under the Related Party RLOC for the three months ended September 30, 2017 and 2016 was $378,000 and $19,000, respectively. Interest expense incurred under the Related Party RLOC for the nine months ended September 30, 2017 and 2016 was $418,000 and $196,000, respectively.

Expenses Incurred from Controlled Portfolio Companies

The Company incurs expenses from certain controlled portfolio companies including managed technology services from NTS, loan processing and closing expenses from various related parties and payroll processing fees from NPS.

	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016
Managed technology services	$ 186	$ 297	$ 656	$ 747
Loan related processing and auditing fees	101	6	139	21
Referral fees	54	8	82	8
Payroll processing	10	9	29	26
Total	$ 351	$ 320	906	802

Beginning in April 2016, the Company began sub-leasing portions of its office space in Lake Success, New York to certain portfolio companies. Amounts charged were as follows:

Portfolio Company	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016
Universal Processing Services of Wisconsin, LLC	$ 39	$ 6	$ 110	$ 17
Small Business Lending, LLC	19	34	61	76
Newtek Insurance Agency, LLC	23	23	63	31
CDS Business Services, Inc.	15	25	47	59
Premier Payments LLC	10	19	35	40
PMTWorks Payroll, LLC	12	8	37	19
Titanium Asset Management LLC	6	—	13	—
Total	$ 124	$ 115	$ 366	$ 242

Amounts due from related parties were $2,553,000 and $3,748,000 at September 30, 2017 and December 31, 2016, respectively. Amounts due to related parties were $812,000 and $1,227,000 at September 30, 2017 and December 31, 2016, 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. Amounts are charged based on estimates of time and effort spent by certain employees providing managerial services for certain controlled portfolio companies. Fees are recorded on a quarterly basis, are recurring in nature and are charged at an arm’s length basis. The table below summarizes amounts charged to each controlled portfolio company for the three and nine months ended September 30, 2017 and 2016. The amounts are recorded as a credit to salaries and benefits in the condensed consolidated statements of operations.

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Portfolio Company	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016
Universal Processing Services of Wisconsin, LLC	$ 101	$ 112	$ 314	$ 347
Newtek Technology Solutions, Inc.	138	160	407	519
Newtek Insurance Agency, LLC	57	52	161	187
Small Business Lending, LLC	85	108	279	427
Premier Payments LLC	38	56	135	142
International Professional Marketing, Inc.	33	—	52	—
banc-serv Partners, LLC	52	58	150	58
CDS Business Services, Inc.	9	—	19	—
SIDCO, LLC	20	—	35	—
Summit Systems and Designs, LLC	—	5	10	15
Secure CyberGateway Services, LLC	—	—	2	—
PMTWorks Payroll, LLC	18	26	63	79
Total	$ 551	$ 577	$ 1,627	$ 1,774

NOTE 5—SERVICING ASSETS:

At September 30, 2017 and December 31, 2016, 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 September 30, 2017 and December 31, 2016:

	September 30, 2017	December 31, 2016
Fair Value	$ 19,092	$ 16,246
Discount factor (1)	12.20 %	12.03 %
Cumulative prepayment rate	18.50 %	15.50 %
Average cumulative default rate	20.00 %	20.00 %

(1) Determined based on risk spreads and observable secondary market transactions.

Servicing fee income earned for the three months ended September 30, 2017 and 2016 was $1,794,000 and $1,551,000, respectively. Servicing fee income earned for the nine months ended September 30, 2017 and 2016 was $5,163,000 and $4,581,000, 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). An asset or liability’s classification within the fair value hierarchy is based on the lowest level of significant input to its valuation. The levels of the fair value hierarchy are as follows:

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Level 1

Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain U.S. Treasury, other U.S. Government and agency mortgage-backed debt securities that are highly liquid and are actively traded in over-the-counter markets.

Level 2

Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes certain U.S. Government and agency mortgage-backed debt securities, corporate debt securities, derivative contracts and residential mortgage loans held-for-sale.

Level 3

Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category generally includes certain private equity investments, retained residual interests in securitizations, residential mortgage servicing rights, and highly structured or long-term derivative contracts.

In 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, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfers. There were no transfers among Level 1, 2 and 3 of the fair value hierarchy for assets and liabilities during the nine months ended September 30, 2017 or 2016. The following section describes the valuation techniques used by the Company to measure different assets and liabilities at fair value and includes the level within the fair value hierarchy in which the assets and liabilities are categorized.

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

When determining fair value of Level 3 debt and equity investments, the Company may take into account the following factors, where relevant: the enterprise value of a portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons to publicly traded securities, 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.

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

The Company’s investments are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments are traded.

The following tables present fair value measurements of the Company’s assets and liabilities measured at fair value and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values as of September 30, 2017 and December 31, 2016:

	Fair Value Measurements at September 30, 2017 Using: — Total	Level 1	Level 2	Level 3
Assets:
Investments in money market funds	$ 9	$ 9	$ —	$ —
SBA unguaranteed non-affiliate investments	257,136	—	—	257,136
SBA guaranteed non-affiliate investments	24,088	—	24,088	—
Controlled investments	136,949	—	—	136,949
Other real estate owned (1)	890	—	890	—
Servicing assets	19,092	—	—	19,092
Total assets	$ 438,164	$ 9	$ 24,978	$ 413,177
Liabilities:
Contingent consideration liabilities (2)	$ 620	$ —	$ —	$ 620

(1) Included in Other Assets on the Condensed Consolidated Statements of Assets and Liabilities

(2) Included in Accounts Payable, Accrued Expenses and Other Liabilities on the Condensed Consolidated Statements of Assets and Liabilities. Refer to Note 3.

The change in unrealized appreciation (depreciation) included in the condensed consolidated statements of operations attributable to Level 3 investments held at September 30, 2017 includes $238,000 in unrealized appreciation on SBA unguaranteed non-affiliate investments, $2,243,000 in unrealized depreciation on controlled investments and $1,601,000 in unrealized depreciation on servicing assets.

	Fair Value Measurements at December 31, 2016 Using: — Total	Level 1	Level 2	Level 3
Assets:
Investments in money market funds	$ 35	$ 35	$ —	$ —
SBA unguaranteed non-affiliate investments	211,471	—	—	211,471
SBA guaranteed non-affiliate investments	11,512	—	11,512	—
Controlled investments	121,302	—	—	121,302
Other real estate owned (1)	875	—	875	—
Non-control/Non-affiliate investments	904	—	—	904
Servicing assets	16,246	—	—	16,246
Total assets	$ 362,345	$ 35	$ 12,387	$ 349,923

(1) Included in Other Assets on the Condensed Consolidated Statements of Assets and Liabilities

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The following table represents the changes in investments and servicing assets measured at fair value using Level 3 inputs for the nine months ended September 30, 2017 and 2016:

	Nine Months Ended September 30, 2017 — SBA Unguaranteed Investments	Controlled Investments		Servicing Assets		Non- Control/Non- Affiliate Investments		Contingent Consideration Liabilities
Fair value, December 31, 2016	$ 211,471	$	121,302	$	16,246	$	904	$	—
Net change in unrealized appreciation (depreciation)	238		(2,243	)	(1,601	)	—
Realized loss	(131	)	—		—		—		—
SBA unguaranteed non-affiliate investments, funded	62,185		—		—		—		—
Foreclosed real estate acquired	(212	)	—		—		—		—
Purchase of investments	—		29,366		—		3,255		—
Purchase of loan from SBA	3,821		—		—		—		—
Transfer of Excel WebSolutions, LLC from Non-control/Non-affiliate to Controlled Investments	—		904		—		(904	)	—
Record fair value of contingent consideration liabilities	—		—		—		—		1,368
Change in fair value of contingent consideration liabilities	—		—		—		—		(748	)
Purchase of loan portfolio	175		—		—		—		—
Net accretion of premium/discount	19		—		—		—		—
Return of investment	—		(50	)	—		—		—
Principal payments received on debt investments	(20,430	)	(12,330	)	—		(3,255	)	—
Additions to servicing assets	—		—		4,447		—		—
Fair value, September 30, 2017	$ 257,136	$	136,949	$	19,092	$	—	$	620

	Nine Months Ended September 30, 2016 — SBA Unguaranteed Investments	Controlled Investments		Non- Control/Non- Affiliate Investments		Servicing Assets
Fair value, December 31, 2015	$ 158,355	$	104,376	$	1,824	$	13,042
Net change in unrealized appreciation (depreciation)	869		10,362		(43	)	(1,341	)
Realized loss	(763	)	—		—		—
SBA unguaranteed non-affiliate investments, funded	51,567		—		—		—
Foreclosed real estate acquired	(387	)	—		—		—
Purchase of investments	—		6,275		1,020		—
Transfer from due from related parties	—		435		—		—
Transfer of Titanium Asset Management LLC from Non-control/Non-affiliate to Controlled Investments	—		1,146		(1,146	)	—
Purchase of loan from SBA	2,057		—		—		—
Principal payments received on debt investments	(15,074	)	(2,174	)	(635	)	—
Additions to servicing assets	—		—		—		3,918
Fair value, September 30, 2016	$ 196,624	$	120,420	$	1,020	$	15,619

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The following tables provide a summary of quantitative information about the Company’s Level 3 fair value measurements as of September 30, 2017 and December 31, 2016. In addition to the techniques and inputs noted in the table below, according to our valuation policy we may also use other valuation techniques and methodologies when determining our fair value measurements. The tables below are not intended to be all-inclusive, but rather provide information on the significant Level 3 inputs as they relate to the Company’s fair value measurements at September 30, 2017 and December 31, 2016.

	Fair Value as of September 30, 2017	Valuation Techniques	Unobservable Input	Weighted Average	Minimum		Maximum
Assets:
SBA unguaranteed non-affiliate investments - performing loans	$ 247,347	Discounted cash flow	Market yields	5.50	%	5.50	%	5.50	%
SBA unguaranteed non-affiliate investments - non-performing loans	$ 9,789	Discounted cash flow	Market yields	5.53	%	5.53	%	5.53	%
Controlled equity investments (A)(B)	$ 128,020	Market comparable companies	EBITDA multiples (B)	5.80	x	3.50	x	6.62	x
		Market comparable companies	Revenue multiples (B)	1.11	x	0.22	x	2.49	x
		Discounted cash flow	Weighted average cost of capital (B)	12.68	%	10.30	%	22.50	%
Controlled debt investments	$ 8,441	Discounted cash flow	Market yields	6.62	%	4.75	%	10.00	%
	$ 488	Liquidation value	Asset value	N/A		N/A		N/A
Servicing assets	$ 19,092	Discounted cash flow	Market yields	12.20	%	12.20	%	12.20	%
Contingent consideration liabilities	$ 620	Discounted cash flow	Projected EBITDA and probability of achievement	N/A		N/A		N/A

(A) In determining the fair value of the Company’s controlled equity investments as of September 30, 2017, the proportion of the market comparable companies valuation technique and the discounted cash flow valuation technique were 45.5% and 54.5%, respectively, on a weighted average basis.

(B) The Company valued $116,620,000 of investments using an equal weighting of EBITDA and revenue multiples and none of its investments using only revenue multiples in the overall valuation approach which included the use of market comparable companies. The Company valued $11,400,000 of investments using only discounted cash flows.

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	Fair Value as of December 31, 2016	Valuation Techniques	Unobservable Input	Weighted Average	Minimum		Maximum
Assets:
SBA unguaranteed non-affiliate investments - performing loans	$ 202,887	Discounted cash flow	Market yields	5.50	%	5.50	%	5.50	%
SBA unguaranteed non-affiliate investments - non-performing loans	$ 8,584	Discounted cash flow	Market yields	6.19	%	6.19	%	6.19	%
Controlled equity investments (A)(B)	$ 116,919	Market comparable companies	EBITDA multiples (B)	6.10	x	3.01	x	6.99	x
		Market comparable companies	Revenue multiples (B)	1.21	x	0.62	x	3.08	x
		Discounted cash flow	Weighted average cost of capital (B)	12.57	%	11.00	%	15.30	%
Controlled debt investments	$ 3,875	Discounted cash flow	Market yields	7.05	%	5.75	%	10.00	%
	$ 508	Liquidation value	Asset value	N/A		N/A		N/A
Non-control/non-affiliate debt investments	$ 904	Liquidation value	Asset value	N/A		N/A		N/A
Servicing assets	$ 16,246	Discounted cash flow	Market yields	12.20	%	12.20	%	12.20	%

(A) In determining the fair value of the Company’s controlled equity investments as of December 31, 2016, the proportion of the market comparable companies valuation technique and the discounted cash flow valuation technique were 46.1% and 53.9%, respectively, on a weighted average basis.

(B) The Company valued $106,609,000 of investments using an equal weighting of EBITDA and revenue multiples and $860,000 of investments using only revenue multiples in the overall valuation approach which included the use of market comparable companies. The Company valued $9,450,000 of investments using only discounted cash flows.

NOTE 7—BORROWINGS:

At September 30, 2017 and December 31, 2016, the Company had borrowings comprised of the following:

	September 30, 2017 — Commitments	Borrowings Outstanding	Weighted Average Interest Rate	December 31, 2016 — Commitments	Borrowings Outstanding	Weighted Average Interest Rate
Capital One line of credit - guaranteed (1)	$ 100,000	$ 36,926	4.00 %	$ 50,000	$ 5,100	4.50 %
Capital One line of credit - unguaranteed (1)	—	29,220	5.00 %	—	—	— %
Notes due 2021	40,250	39,027	7.00 %	40,250	38,767	7.00 %
Notes due 2022	8,324	7,915	7.50 %	8,324	7,853	7.50 %
Notes payable - related parties	50,000	20,541	7.31 %	38,000	1,400	7.67 %
Notes payable - Securitization trusts	97,607	95,376	4.41 %	120,945	118,122	3.79 %
Total	$ 296,181	$ 229,005	5.23 %	$ 257,519	$ 171,242	4.75 %

(1) Total combined commitments of the guaranteed and unguaranteed lines of credit are $100,000,000 at September 30, 2017 and $50,000,000 December 31, 2016.

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Outstanding borrowings under the Notes due 2022, Notes due 2021 and Notes payable - Securitization trusts consisted of the following:

	September 30, 2017 — Notes Due 2022	Notes Due 2021		Notes Payable- Securitization Trusts		Notes Due 2022		Notes Due 2021		Notes Payable- Securitization Trusts
Principal	$ 8,324	$	40,250	$	97,607	$	8,324	$	40,250	$	120,945
Unamortized deferred financing costs	(409	)	(1,223	)	(2,231	)	(471	)	(1,483	)	(2,823	)
Net carrying amount	$ 7,915	$	39,027	$	95,376	$	7,853	$	38,767	$	118,122

At September 30, 2017 and December 31, 2016, 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 value of the fixed rate Notes due 2022 and Notes due 2021 is based on the closing public share price on the date of measurement. On September 30, 2017, the closing price of the Notes due 2022 was $26.36 per note, or $8,777,000. On September 30, 2017, the closing price of the Notes due 2021 was $25.50 per note, or $41,055,000. These borrowings are not recorded at fair value on a recurring basis.

Total interest expense including unused line fees and amortization of deferred financing costs related to borrowings for the three months ended September 30, 2017 and 2016 was $2,981,000 and $2,328,000, respectively. Total interest expense for the nine months ended September 30, 2017 and 2016 on all Company borrowings was $8,118,000 and $5,764,000, respectively.

NOTE 8—COMMITMENTS AND CONTINGENCIES:

Legal Matters

From time to time, the Company may be involved in litigation arising out of its operations in the normal course of business or otherwise. Furthermore, third parties may try to seek to impose liability on the Company in connection with the activities of its portfolio companies. While the outcome of any current legal proceedings cannot at this time be predicted with certainty, the Company does not expect that any current matters will materially affect its financial condition or results of operations; however, there can be no assurance whether any pending legal proceedings will have a material adverse effect on its financial condition or results of operations in any future reporting period.

On October 13, 2017, the Company announced that its portfolio company, BSP, was served with a search warrant by the Federal Bureau of Investigation on October 12, 2017 at BSP’s offices in Westfield, Indiana. The Company closed on its $5,400,000 investment in BSP in June 2016. The Company is monitoring the situation and is cooperating fully with the authorities. While the outcome of this situation cannot at this time be predicted with certainty, the Company does not expect that the matter will materially affect the Company’s financial condition or results of operations.

Guarantees

The Company is a guarantor on the Sterling Receivable and Inventory Facility at NBCS. Maximum borrowings under the Sterling Receivable and Inventory Facility are $15,000,000. The Sterling Receivable and Inventory Facility matures in February 2018. At September 30, 2017, total principal owed by NBCS was $10,041,000. In addition, the Company deposited $750,000 to collateralize the guarantee. At September 30, 2017, the Company determined that it is not probable that payments would be required to be made under the guarantee.

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The Company is also a guarantor on the Sterling 504 Facility at NBCS. Maximum borrowings under the 504 Facility are $35,000,000, depending upon syndication. The Sterling 504 Facility matures in August 2018. At September 30, 2017, total principal owed by NBCS was $2,609,000. At September 30, 2017, 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 Goldman Facility, a term loan facility between UPSW, NTS, Premier, BSP and SBL with Goldman Sachs with an aggregate principal amount up to $50,000,000. The Goldman Facility matures in June 2021. At September 30, 2017, total principal outstanding was $40,000,000. At September 30, 2017, the Company determined that it is not probable that payments would be required to be made under the guarantee.

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NOTE 9—FINANCIAL HIGHLIGHTS:

The financial highlights for the Company are as follows:

	Nine Months Ended September 30, 2017
Per share data (1)
Net asset value at beginning of period	$ 14.30	$	14.06
Net investment loss	(0.29	)	(0.52	)
Net realized gain	1.61		1.55
Net unrealized (depreciation) appreciation on investments	(0.05	)	0.82
Net unrealized depreciation on servicing assets	(0.09	)	(0.09	)
Change in provision for deferred taxes	0.04		(0.31	)
Net increase in net assets	1.22		1.45
Dividends to common stockholders from net investment income	(0.36	)	—
Distributions to common stockholders from capital gains	(0.84	)	(1.13	)
Total dividends paid	(1.20	)	(1.13	)
Stock-based compensation expense	0.05		0.02
Consolidation of Exponential Business Development Co., Inc.	—		(0.03	)
Accretive effect of stock offerings (issuing shares above NAV per share)	0.05		—
Accretive effect of shares issued in connection with investments (issuing shares above NAV per share)	0.01		—
Dilutive effect of purchase of vested stock for employee payroll tax withholding (purchase of shares above NAV)	(0.01	)	—
Impact of restricted stock awards	—		(0.11	)
Other (5)	(0.02	)	—
Net asset value at end of period	$ 14.40	$	14.26
Per share market value at end of period	$ 17.82	$	14.26
Total return based on market value (3)	19.62	%	10.27	%
Total return based on average net asset value (2)(3)(4)	12.12	%	12.61	%
Shares outstanding at end of period (in thousands)	17,750		14,594
Ratios/Supplemental Data:
Net assets at end of period	$ 255,612	$	208,172
Ratio of expenses to average net assets (2)	19.2	%	19.06	%
Ratio of net investment loss to average net assets	(2.85	)%	(3.68	)%
Portfolio turnover	81.49	%	89.03	%
Average debt outstanding	$ 200,124	$	154,640
Average debt outstanding per share	$ 11.27	$	10.60
Asset coverage ratio	212	%	217	%

(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) Annualized.

(3) Assumes dividends are reinvested.

(4) Total return based on average net asset value was calculated using the sum of ending net asset value plus dividends to stockholders during the period, divided by the beginning net asset value.

(5) 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.

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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 or two year period from the grant date. The fair value is expensed over the service period, starting on the grant date. The following table summarizes the restricted stock issuances under the Equity Incentive Plan, net of shares forfeited, if any, and the remaining shares of restricted stock available for issuance as of September 30, 2017.

Restricted stock authorized under the plan (1)	1,500,000
Less restricted stock granted during:
Year ended December 31, 2016	(120,933	)
Nine months ended September 30, 2017	(5,007	)
Restricted stock available for issuance as of September 30, 2017	1,374,060

(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.

For the three months ended September 30, 2017 and 2016, the Company recognized total stock-based compensation expense of $152,000 and $226,000, respectively. For the nine months ended September 30, 2017 and 2016, the Company recognized total stock-based compensation expense of $904,000 and $226,000, respectively.

As of September 30, 2017, there was $276,000 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 1.49 years as of September 30, 2017.

NOTE 11—COMMON STOCK:

The following table summarizes the total shares issued and proceeds received net of underwriting and offering costs in public offerings of the Company’s common stock since conversion to a BDC:

	Nine Months Ended September 30, 2017	Year Ended — December 31, 2016	December 31, 2015	December 31, 2014
Shares issued	2,587,500	—	2,300,000	2,530,000
Offering price per share	$ 15.25	$ —	$ 16.50	$ 12.50
Proceeds net of underwriting discounts and offering costs	$ 37,042	$ —	$ 35,290	$ 27,883

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In January 2017 the Company priced a public offering of 2,250,000 shares of its common stock at a public offering price of $15.25 per share. The Company also sold an additional 337,500 shares of its common stock at a public offering price of $15.25 per share pursuant to the underwriter’s full exercise of the over-allotment option.

ATM Program

On March 20, 2017, the Company entered into an ATM Equity Distribution Agreement. The ATM Equity Distribution Agreement provides that the Company may offer and sell up to 2,900,000 shares of common stock from time to time through the Placement Agents. On September 6, 2017, the Company entered into an amended ATM Equity Distribution Agreement for the purpose of adding D.A. Davidson as placement agent. During the nine months ended September 30, 2017, the Company sold 455,000 shares of its common stock at a weighted average price of $17.19 per share. Proceeds, net of offering costs and expenses were $7,666,000. As of September 30, 2017, there were 20,000 shares traded that had not settled and are not included in shares issued and outstanding on the face of the condensed consolidated balance sheet, but are included in the weighted average share outstanding in the condensed consolidated statement of operations and in the shares used to calculate net asset value per share. As of September 30, 2017, there were 2,445,000 shares of common stock available for sale under the ATM Equity Distribution Agreement.

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

Investment in IPM

In connection with its investment in IPM, the Company issued 60,490 restricted common shares valued at $1,000,000.

Share Repurchase Plan

On November 21, 2016 the Company announced that its Board approved a new share repurchase program under which the Company may repurchase up to 200,000 of the Company’s outstanding common shares on the open market. This program terminated on May 21, 2017.

On May 11, 2016, the Company announced that its Board approved a share repurchase program under which the Company could repurchase up to 150,000 of the Company’s outstanding common shares on the open market. This program terminated on November 11, 2016.

During the nine months ended September 30, 2016, the Company repurchased and retired 70,000 common shares in open market transactions for $866,000 as detailed in the table below. This program terminated on June 3, 2016

Purchase date		Price per Share	Total
March 10, 2016	10	$ 12.34	$ 123
March 18, 2016	20	$ 12.45	249
March 18, 2016	30	$ 12.48	375
March 23, 2016	10	$ 11.88	119
Total	70		$ 866

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NOTE 12—EARNINGS PER SHARE:

The following table summarizes the calculations for the net increase in net assets per common share for the three and nine months ended September 30, 2017 and 2016:

	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016
Net increase in net assets	$ 8,077	$ 10,040	$ 20,912	$ 21,016
Weighted average shares outstanding	17,487	14,556	17,076	14,515
Net increase in net assets per common share	$ 0.46	$ 0.69	$ 1.22	$ 1.45

NOTE 13—DIVIDENDS AND DISTRIBUTIONS:

The Company’s dividends and distributions are recorded on the declaration date. The following table summarizes the Company’s dividend declarations and distributions during the nine months ended September 30, 2017 and 2016.

Date Declared	Record Date	Payment Date	Amount Per Share	Cash Distribution		DRIP Shares Value
September 30, 2017
March 6, 2017	March 20, 2017	March 31, 2017	$ 0.36	$ 6,062	6	$ 89
May 4, 2017	May 31, 2017	June 30, 2017	$ 0.40	$ 6,804	7	$ 112
August 21, 2017	September 22, 2017	September 29, 2017	$ 0.44	$ 7,585	11	$ 184
September 30, 2016
February 25, 2016	March 22, 2016	March 31, 2016	$ 0.35	$ 4,708	29	$ 362
June 9, 2016	June 20, 2016	June 30, 2016	$ 0.35	$ 4,985	7	$ 83
September 7, 2016	September 20, 2016	September 30, 2016	$ 0.43	$ 6,152	6	$ 77

During the nine months ended September 30, 2017, an additional 6,591 shares valued at $110,000 were issued related to dividends from unvested restricted stock awards.

NOTE 14—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 company that is 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 as of September 30, 2017 and 2016.

Universal Processing Services of Wisconsin, LLC

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

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

Balance Sheets - Universal Processing Services of Wisconsin, LLC — Current assets	As of September 30, 2017 — $ 8,014		As of December 31, 2016 — $ 11,522
Noncurrent assets	19,265		4,907
Total assets	$ 27,279		$ 16,429
Current liabilities	3,500		5,619
Noncurrent liabilities	30,499		16,432
Total liabilities	$ 33,999		$ 22,051
Total deficit	$ (6,720	)	$ (5,622	)

Statements of Income - Universal Processing Services of Wisconsin, LLC — Revenue	Three Months Ended September 30, 2017 — $ 27,119	$	26,466	$	82,879	$	76,947
Expenses	24,925		24,553		76,559		71,410
Income from operations	$ 2,194	$	1,913	$	6,320	$	5,537
Interest (expense) income, net	(328	)	(384	)	(1,115	)	(1,048	)
Income before tax	$ 1,866	$	1,529	$	5,205	$	4,489

The Company recorded the following related to its investment in UPSW:

	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016
Dividend income	$ 1,750	$ 1,700	$ 5,250	$ 4,500
Unrealized appreciation	$ 2,000	$ 5,900	$ 3,000	$ 9,600

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NOTE 15—SUBSEQUENT EVENTS:

Portfolio Company Developments

On October 24, 2017, the Company invested in 100% of the membership interests of a new wholly-owned, controlled portfolio company, United Capital Source, LLC (“UCS”), which is a lead generator for commercial financing companies. Total consideration paid by the Company was $3,050,000 and consisted of $500,000 in restricted shares of Newtek common stock and $1,950,000 in cash, with the $600,000 balance to be paid in cash and Newtek common stock, in two equal installments in 2018 and 2019 based on UCS attaining specific EBITDA targets for 2019 and 2020.

Common Stock

From October 1, 2017 through November 6, 2017 the Company sold 245,746 shares of its common stock at a weighted average price of $17.54 per share under the ATM Equity Distribution Agreement. Proceeds, net of offering costs and expenses were $4,223,000. As of November 6, 2017, there were 2,199,000 shares of common stock available for sale under the ATM Equity Distribution Agreement.

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Newtek Business Services Corp. and Subsidiaries

Schedule of Investments In and Advances to Affiliates

Nine Months Ended September 30, 2017

| Portfolio
Company | Type
of Investment (1) | Amount
of Realized Gain (Loss) | Amount
of Unrealized Appreciation (Depreciation) | | | Fair
Value at December 31, 2016 | Gross Additions (4) | Gross Reductions (5) | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Advanced Cyber Security Systems, LLC | 50% Membership Interest (2) | $ — | $ — | $ | — | $ — | $ — | $ — | $ | — |
| | Term Loan (3%) (2) | — | — | | — | — | — | — | | — |
| Automated Merchant Services, Inc. | 100% Common Stock (2) | — | — | | — | — | — | — | | — |
| CDS Business Services, Inc. | 100% Common Stock | — | 4,750 | | 200 | 750 | 4,750 | — | | 5,500 |
| | Line of Credit (Prime + 2.5%) (6) | — | — | | 376 | 2,690 | 15,703 | (10,498 | ) | 7,895 |
| Newtek Technology Solutions, Inc. | 100% Common Stock | — | (4,059 | ) | — | 20,109 | — | (4,109 | ) | 16,000 |
| Fortress Data Management, LLC | 100% Membership Interest (2) | — | — | | — | — | — | — | | — |
| Newtek Insurance Agency, LLC | 100% Membership Interest (2) | — | — | | — | 2,500 | — | — | | 2,500 |
| PMTWorks Payroll, LLC | 100% Membership Interest (2) | — | (860 | ) | — | 860 | — | (860 | ) | — |
| | Term Loans (10%-12%) (2) | — | (2,185 | ) | — | 1,185 | 1,000 | (2,185 | ) | — |
| Secure CyberGateway Services, LLC | 66.7% Membership Interest | — | — | | 26 | — | — | — | | — |
| | Term Loan (7%) | — | — | | 10 | — | — | — | | — |
| Premier Payments LLC | 100% Membership Interest | — | — | | 1,200 | 21,000 | — | — | | 21,000 |
| Small Business Lending, LLC | 100% Membership Interest | — | (800 | ) | 100 | 3,300 | — | (800 | ) | 2,500 |
| banc-serv Partners, LLC | 100% Membership Interest | — | (2,000 | ) | — | 5,400 | — | (2,000 | ) | 3,400 |

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| Portfolio
Company | Type
of Investment (1) | | Amount
of Unrealized Appreciation (Depreciation) | | Amount
of Interest or Dividends Credited to Income (3) | Fair
Value at December 31, 2016 | Gross Additions (4) | Gross Reductions (5) | | Fair
Value at September 30, 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| International Professional Marketing,
Inc. (8) | 100% Common Stock | — | — | | 550 | — | 8,800 | — | | 8,800 |
| | Line of Credit (Prime + 0.5%) (6) | — | — | | 6 | — | 1,200 | (1,000 | ) | 200 |
| SIDCO, LLC (8) | 100% Membership Interest (2) | — | — | | — | — | 2,320 | — | | 2,320 |
| | Line of Credit (Prime + 0.5%) (6) | — | — | | 2 | — | 345 | — | | 345 |
| Excel WebSolutions LLC (7) | Term Loans (10%) | — | (47 | ) | 56 | 904 | — | (415 | ) | 489 |
| | 50% Membership Interest (2) | — | — | | — | — | — | — | | — |
| Titanium Asset Management, LLC | 100% Membership Interest (2) | — | (42 | ) | — | — | — | — | | — |
| | Term Loans (3%) (2) | — | — | | 6 | 508 | — | (508 | ) | — |
| Summit Systems and Designs, LLC | 100% Membership Interest (2) | — | — | | 54 | — | — | — | | — |
| Universal Processing Services of Wisconsin, LLC | 100% Membership Interest | — | 3,000 | | 5,250 | 63,000 | 3,000 | — | | 66,000 |
| Total Controlled Investments | $ | — | $ (2,243 | ) | $ 7,836 | $ 122,206 | $ 37,118 | $ (22,375 | ) | $ 136,949 |

This schedule should be read in connection with the Company’s Condensed Consolidated Financial Statements, including the Consolidated Schedule of Investments and Notes to the Condensed 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 includes 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 includes net increases in unrealized appreciation or net decreases in unrealized depreciation.

(5) Gross reductions include decreases in the cost basis of investments resulting from principal payments or sales and exchanges of one or more existing securities for one or more new securities. Gross reductions also include net increases in unrealized depreciation or net decreases in unrealized appreciation.

(6) Index based floating rate debt investments bear interest at rate of Prime plus a contractual spread which typically resets monthly. At September 30, 2017, the Prime rate was 4.25%.

(7) Prior to January 2017, EWS was a non-control/non-affiliate investment. Refer to Note 4.

(8) During the three months ended September 30, 2017, a portion of IPM’s business was spun off into a new wholly-owned controlled portfolio company, SIDCO. As a result, the underlying IPM business has not changed. The Company determined the cost basis of its investments in IPM and SIDCO to be $8,800,000 and $2,320,000, respectively. Refer to Note 3.

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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, 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;

• the impact of investments that we expect to make;

• our informal relationships with third parties;

• the dependence of our future success on the general economy and its impact on the industries in which we invest;

• our ability to access debt markets and equity markets;

• the ability of our portfolio companies to achieve their objectives;

• our expected financings and investments;

• our regulatory structure and tax status;

• our ability to operate as a BDC and a RIC;

• our ability to maintain our license under the SBA 7(a) program;

• the adequacy of our cash resources and working capital;

• the timing of cash flows, if any, from the operations of our portfolio companies;

• the timing, form and amount of any dividend distributions;

• the impact of fluctuations in interest rates on our business;

• the valuation of any investments in portfolio companies, particularly those having no liquid trading market; and

• our ability to recover unrealized losses.

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 13, 2017 and under “Forward-Looking Statements” of this Item 2.

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 products to SMBs. Newtek's products and services include: Business Lending, including the SBA’s 7(a) and 504 lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), Technology Consulting, eCommerce, Accounts Receivable and Inventory Financing, The Secure Gateway, The Newtek Advantage®, personal and commercial Insurance Services, Web Services, Data Backup, Store 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 U.S 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 than the system popularized by Salesforce.com. We believe that this technology and business model distinguishes us from our competitors.

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We consolidate the following wholly-owned subsidiaries:

• Newtek Small Business Finance, LLC

• Newtek Asset Backed Securities, LLC

• The Whitestone Group, LLC

• Wilshire Colorado Partners, LLC

• Wilshire DC Partners, LLC

• Wilshire Holdings I, Inc.

• Wilshire Louisiana Bidco, LLC

• Wilshire Louisiana Partners II, LLC

• Wilshire Louisiana Partners III, LLC

• Wilshire Louisiana Partners IV, LLC

• Wilshire New York Advisers II, LLC

• Wilshire New York Partners III, LLC

• Wilshire New York Partners IV, LLC

• Wilshire New York Partners V, LLC

• Wilshire Partners, LLC

• CCC Real Estate Holdings, LLC

• Banc-Serv Acquisition, Inc.

• Exponential Business Development Co., Inc.

• Newtek LSP Holdco, LLC

• Newtek Business Services Holdco 1, Inc.

• Newtek Business Services Holdco 2, Inc.

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We are an internally-managed, closed-end, non-diversified investment company that has elected to be regulated as a BDC under the 1940 Act. In addition, for U.S. federal income tax purposes, we have elected to be treated as a RIC under the Code beginning in our 2015 tax year ended December 31, 2015. As a BDC and a RIC, we are also subject to certain constraints, including limitations imposed by the 1940 Act and the Code. We converted to a BDC in November 2014. 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) program.

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

NSBF has been granted PLP status and originates, sells and services SBA 7(a) small business loans and is authorized to place SBA guarantees on loans without seeking prior SBA review and approval. Being a national lender, 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 could adversely impact our marketing efforts and ultimately our loan origination volume which could 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 small business finance platform and our equity investments in certain portfolio companies that we control.

We target our debt investments, which are principally made through our small business finance platform under the SBA 7(a) program, to produce a coupon rate of prime plus 2.75% which enables us to generate rapid sales of 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.

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 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 immediate 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. 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.

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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 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.

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 condensed consolidated statements of operations.

Expenses

Our primary operating expenses are salaries and benefits, interest expense and other general and administrative costs, such as professional fees, marketing, loan related 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

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Loan Portfolio Asset Quality and Composition

The following tables set forth distribution by business type of the Company’s SBA 7(a) loan portfolio at September 30, 2017 and December 31, 2016, respectively (in thousands):

As of September 30, 2017

Distribution by Business Type — Business Type	# of Loans	Balance	Average Balance	% of Balance
Existing Business	1,139	$ 216,247	$ 190	81.6 %
Business Acquisition	182	35,237	194	13.3 %
Start-Up Business	134	13,648	102	5.1 %
Total	1,455	$ 265,132	$ 182	100.0 %

As of December 31, 2016

Distribution by Business Type — Business Type	# of Loans	Balance	Average Balance	% of Balance
Existing Business	921	$ 177,430	$ 193	80.7 %
Business Acquisition	169	30,454	180	13.9 %
Start-Up Business	138	11,900	86	5.4 %
Total	1,228	$ 219,784	$ 179	100.0 %

The following tables set forth distribution by borrower’s credit score of the Company’s SBA 7(a) loan portfolio at September 30, 2017 and December 31, 2016, respectively (in thousands):

As of September 30, 2017

Distribution by Borrower Credit Score — Credit Score	# of Loans	Balance	Average Balance	% of Balance
500 to 550	17	$ 2,657	$ 156	1.0 %
551 to 600	45	10,021	223	3.8 %
601 to 650	209	41,938	201	15.8 %
651 to 700	429	82,185	192	31.0 %
701 to 750	433	78,979	182	29.8 %
751 to 800	271	43,835	162	16.5 %
801 to 850	41	3,740	91	1.4 %
Not available	10	1,777	178	0.7 %
Total	1,455	$ 265,132	$ 182	100.0 %

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As of December 31, 2016

Distribution by Borrower Credit Score — Credit Score	# of Loans	Balance	Average Balance	% of Balance
500 to 550	17	$ 2,036	$ 120	0.9 %
551 to 600	38	6,748	178	3.1 %
601 to 650	160	32,912	206	15.0 %
651 to 700	344	64,923	189	29.5 %
701 to 750	372	67,006	180	30.5 %
751 to 800	250	39,600	158	18.0 %
801 to 850	40	4,124	103	1.9 %
Not available	7	2,435	348	1.1 %
Total	1,228	$ 219,784	$ 179	100.0 %

The following tables set forth distribution by primary collateral type of the Company’s SBA 7(a) loan portfolio at September 30, 2017 and December 31, 2016, respectively (in thousands):

As of September 30, 2017

Distribution by Primary Collateral Type — Collateral Type	# of Loans	Balance	Average Balance	% of Balance
Commercial Real Estate	704	$ 157,940	$ 224	59.6 %
Machinery and Equipment	227	43,374	191	16.4 %
Residential Real Estate	307	25,255	82	9.5 %
Other	60	21,693	362	8.2 %
Accounts Receivable and Inventory	103	13,359	130	5.0 %
Liquid Assets	13	645	50	0.2 %
Furniture and Fixtures	12	1,822	152	0.7 %
Unsecured	29	1,044	36	0.4 %
Total	1,455	$ 265,132	$ 182	100.0 %

As of December 31, 2016

Distribution by Primary Collateral Type — Collateral Type	# of Loans	Balance	Average Balance	% of Balance
Commercial Real Estate	589	$ 133,263	$ 226	60.6 %
Machinery and Equipment	201	37,426	186	17.0 %
Residential Real Estate	264	21,211	80	9.7 %
Other	45	13,822	307	6.3 %
Accounts Receivable and Inventory	80	12,075	151	5.5 %
Liquid Assets	15	667	44	0.3 %
Unsecured	23	883	38	0.4 %
Furniture and Fixtures	11	437	40	0.2 %
Total	1,228	$ 219,784	$ 179	100.0 %

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The following tables set forth distribution by days delinquent of the Company’s SBA 7(a) loan portfolio at September 30, 2017 and December 31, 2016, respectively (in thousands):

As of September 30, 2017

Distribution by Days Delinquent — Delinquency Status	# of Loans	Balance	Average Balance	% of Balance
Current	1,289	$ 226,704	$ 176	85.5 %
1 to 30 days	54	13,126	243	5.0 %
31 to 60 days	23	5,058	220	1.9 %
61 to 90 days	—	—	—	— %
91 days or greater	89	20,244	227	7.6 %
Total	1,455	$ 265,132	$ 182	100.0 %

As of December 31, 2016

Distribution by Days Delinquent — Delinquency Status	# of Loans	Balance	Average Balance	% of Balance
Current	1,119	$ 199,170	$ 178	90.6 %
1 to 30 days	35	3,680	105	1.7 %
31 to 60 days	7	1,570	224	0.7 %
61 to 90 days	—	—	—	— %
91 days or greater	67	15,364	229	7.0 %
Total	1,228	$ 219,784	$ 179	100.0 %

Consolidated Results of Operations

As a BDC and a RIC, we are subject to certain constraints on our operations, including limitations imposed by the 1940 Act and the Code.

Comparison of the three months ended September 30, 2017 and 2016

Investment Income

(in thousands)	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Change
Investment income:
Interest income	$ 4,551	$ 2,675	$ 1,876
Dividend income	2,551	2,933	(382	)
Servicing income	1,794	1,551	243
Other income	705	692	13
Total investment income	$ 9,601	$ 7,851	$ 1,750

Interest Income

The increase in interest income was attributable to the average outstanding performing portfolio of SBA non-affiliate investments increasing to $233,535,000 from $196,481,000 for the three months ended September 30, 2017 and 2016, respectively, combined with an increase in the Prime Rate from 3.50% to 4.25%. The increase in the average outstanding performing portfolio resulted from the origination of new SBA non-affiliate investments period over period.

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Dividend Income

(in thousands)	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Change
Universal Processing Services of Wisconsin, LLC	$ 1,750	$ 1,700	$ 50
Premier Payments LLC	375	450	(75	)
Newtek Technology Solutions, Inc.	—	330	(330	)
International Professional Marketing, Inc.	200	—	200
Small Business Lending, LLC	—	200	(200	)
banc-serv Partners, LLC	—	240	(240	)
CDS Business Services, Inc.	200	—	200
The Secure CyberGateway, LLC	26	13	13
Total dividend income	$ 2,551	$ 2,933	$ (382	)

Dividend income decreased $382,000 period over period. During the three months ended September 30, 2017, we earned $200,000 of dividend income from NBCS, as compared to zero during the three months ended September 30, 2016. We also earned $200,000 of dividend income from IPM, a new wholly-owned controlled portfolio company that we invested in on April 6, 2017. These increases were offset by decreases in dividend income earned from NTS, SBL and BSP. Dividend income is dependent on portfolio company earnings. Current quarter dividend income may not be indicative of future period dividend income.

NSBF Servicing Portfolio and Related Servicing Income

The following table represents the NSBF originated servicing portfolio and servicing income earned for the three months ended September 30, 2017 and 2016:

(in thousands):	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Change
Total NSBF originated servicing portfolio (1)	$ 1,127,760	$ 902,604	$ 225,156
Total servicing income earned	$ 1,794	$ 1,551	$ 243

(1) Of this amount, the total average NSBF originated portfolio earning servicing income was $791,536,000 and $645,906,000 for the three months ended September 30, 2017 and 2016, respectively.

The increase in servicing income was attributable to the increase in total portfolio investments for which we earn servicing income. The portfolio earning servicing income increased $145,630,000 period over period. The increase was a direct result of increased investments in SBA non-affiliate investments from September 30, 2017 to September 30, 2016.

Other Income

Other income relates primarily to legal, packaging, and late fees earned from the origination of SBA 7(a) loans. The $13,000 increase period over period was related to an increase in legal and packaging fees earned.

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Expenses:

(in thousands)	Three Months Ended September 30, 2017			Change
Expenses:
Salaries and benefits	$ 4,776	$	3,665	$ 1,111
Interest	2,986		2,341	645
Depreciation and amortization	107		84	23
Professional fees	605		807	(202	)
Origination and servicing	1,433		1,537	(104	)
Change in fair value of contingent consideration liabilities	(748	)	—	(748	)
Other general and administrative costs	1,634		1,542	92
Total expenses	$ 10,793	$	9,976	$ 817

Salaries and Benefits

Salaries and benefits increased $1,111,000 primarily due to an increase in headcount at NSBF. The additional headcount relates primarily to employees performing loan processing, loan closing or loan servicing functions as a result of the increase in loan originations.

Interest Expense

The following is a summary of interest expense by facility for the three months ended September 30, 2017 and 2016:

(in thousands)	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016	Change
Notes payable - Securitization trusts	$ 1,294	$ 929	$ 365
Bank notes payable	341	393	(52	)
Notes due 2022	177	177	—
Notes due 2021	792	810	(18	)
Notes payable - related parties	378	19	359
Other	4	13	(9	)
Total interest expense	$ 2,986	$ 2,341	$ 645

The increase in interest expense period over period is primarily related to interest from the Notes payable - Securitization trusts and Notes payable - related parties. The increase from Notes payable - Securitization trusts was the result of an additional securitization transaction completed in November 2016. The increase from Notes payable - related parties was related to the increase in the average outstanding balance during each period.

Change in Fair Value of Contingent Consideration

A portion of our investment in IPM consisted of contingent consideration based on IPM attaining specific EBITDA levels for 2017 and 2018. During the three months ended September 30, 2017, we reduced the contingent consideration liability by $748,000 based on the probability of IPM attaining specific EBITDA levels for 2017 and 2018.

Net Realized Gains and Net Unrealized Appreciation and Depreciation

Net realized gains or losses on investments are measured by the difference between the net proceeds from the repayment or sale and the cost basis of our investments without regard to unrealized appreciation or depreciation previously recognized and includes investments charged off during the period, net of recoveries. Net realized gains for the three months ended September 30, 2017 and 2016 were $9,938,000 and $8,716,000, respectively. Realized losses were $87,000 and $777,000 during the three months ended September 30, 2017 and 2016, respectively. The net change in unrealized appreciation or depreciation on investments primarily reflects the change in portfolio investment fair values during the reporting period, including the reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized.

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Net Realized Gains on SBA Non-Affiliate Investments

	Three Months Ended — September 30, 2017		September 30, 2016
(in thousands)	# of Debt Investments	$ Amount	# of Debt Investments	$ Amount
SBA non-affiliate investments originated during the quarter	122	$ 103,635	96	$ 85,895
SBA guaranteed non-affiliate investments sold during the quarter	117	$ 68,461	98	$ 66,453
Realized gains recognized on sale of SBA guaranteed non-affiliate investments	—	$ 10,025	—	$ 9,489
Average sale price as a percent of principal balance (1)	—	112.31 %	—	111.84 %

(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.

Net Unrealized Appreciation (Depreciation) on Investments

(in thousands) — Net unrealized appreciation (depreciation) on SBA guaranteed non-affiliate investments	Three Months Ended September 30, 2017 — $ 1,151		Three Months Ended September 30, 2016 — $ (78	)	Change — $ 1,229
Net unrealized (depreciation) appreciation on SBA unguaranteed non-affiliate investments	(1,023	)	1,418		(2,441	)
Net unrealized (depreciation) appreciation on controlled investments	(500	)	4,638		(5,138	)
Change in benefit (provision) for deferred taxes on unrealized (depreciation) appreciation on investments	335		(2,028	)	2,363
Net unrealized loss in credits in lieu of cash and notes payable in credits in lieu of cash	—		(1	)	1
Total net unrealized (depreciation) appreciation on investments	$ (37	)	$ 3,949		$ (3,986	)

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

For the three months ended September 30, 2017, net unrealized depreciation on SBA unguaranteed non-affiliate investments consisted of $303,000 and $720,000 of unrealized depreciation on performing and non-performing SBA unguaranteed non-affiliate investments, respectively.

For the three months ended September 30, 2016, net unrealized appreciation on SBA unguaranteed non-affiliate investments consisted of $1,852,000 of unrealized appreciation and $434,000 of unrealized depreciation on performing and non-performing SBA unguaranteed non-affiliate investments, respectively.

The change in unrealized appreciation (depreciation) on performing SBA unguaranteed non-affiliate investments related to an increase in the discount rate from 5.05% to 5.50% period over period.

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Net Unrealized Appreciation (Depreciation) on Controlled Investments

(in thousands) — Universal Processing Services of Wisconsin, LLC	Three Months Ended September 30, 2017 — $ 2,000		Three Months Ended September 30, 2016 — $ 5,852	$	(3,852	)
Newtek Technology Solutions, Inc.	(1,500	)	(1,305	)	(195	)
Premier Payments LLC	—		750		(750	)
CDS Business Services, Inc.	2,000		(700	)	2,700
PMTWorks Payroll, LLC	(1,000	)	(25	)	(975	)
banc-serv Partners, LLC	(2,000	)	—		(2,000	)
Titanium Asset Management LLC	—		66		(66	)
Total net unrealized (depreciation) appreciation on controlled investments	$ (500	)	$ 4,638	$	(5,138	)

Unrealized appreciation related to our investment in UPSW was primarily related to a decrease in the weighted average cost of capital during the three months ended September 30, 2017. Unrealized appreciation related to our investment in NBCS was the result of continued growth in EBITDA.

Unrealized depreciation related to our investment in NTS was related to continued weak financial performance. During the three months ended September 30, 2017, we made a $1,000,000 debt investment in NPS. Due to NPS’ continued negative cash flows, we recorded an unrealized loss of $1,000,000 on our debt investment in NPS due to the unlikelihood of collection. During the three months ended September 30, 2017, the Company recorded a $2,000,000 unrealized loss on its investment in BSP to reflect the potential impact to the business and tradename as a result of the FBI investigation discussed in Note 8.

Provision for Deferred Taxes on Unrealized Appreciation of Investments

Certain consolidated subsidiaries are subject to U.S. federal and state income taxes. These taxable subsidiaries are not consolidated with the Company for income tax purposes, but are consolidated for GAAP purposes, and may generate income tax liabilities or assets from temporary differences in the recognition of items for financial reporting and income tax purposes at the subsidiaries. During the three months ended September 30, 2017, we recognized a benefit from deferred taxes of $335,000 related to unrealized depreciation of certain controlled portfolio company investments. During the three months ended September 30, 2016, we recognized a provision for deferred taxes of $2,028,000 related to unrealized appreciation of certain controlled portfolio company investments.

Comparison of the nine months ended September 30, 2017 and 2016

Investment Income

(in thousands)	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016	Change
Investment income:
Interest income	$ 13,689	$ 7,655	$ 6,034
Dividend income	7,326	7,719	(393	)
Servicing income	5,163	4,581	582
Other income	2,320	1,913	407
Total investment income	$ 28,498	$ 21,868	$ 6,630

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Interest Income

The increase in interest income was attributable to the average outstanding performing portfolio of SBA non-affiliate investments increasing to $220,367,000 from $182,637,000 for the nine months ended September 30, 2017 and 2016, respectively combined with an increase in the Prime Rate from 3.50% to 4.25%. The increase in the average outstanding performing portfolio resulted from the origination of new SBA non-affiliate investments period over period. In addition, during the nine months ended September 30, 2017, we recognized $1,493,000 of interest income related to accrued non-performing interest owed by two borrowers who paid their accrued interest balance in full.

Dividend Income

(in thousands)	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016	Change
Universal Processing Services of Wisconsin, LLC	$ 5,250	$ 4,500	$ 750
Premier Payments LLC	1,200	1,350	(150	)
Newtek Technology Solutions, Inc.	—	990	(990	)
International Professional Marketing, Inc.	550	—	550
Small Business Lending, LLC	100	600	(500	)
banc-serv Partners, LLC	—	240	(240	)
CDS Business Services, Inc.	200	—	200
The Secure CyberGateway, LLC	26	39	(13	)
Total dividend income	$ 7,326	$ 7,719	$ (393	)

Dividend income decreased $393,000 period over period. During the nine months ended September 30, 2017, we earned $200,000 of dividend income from NBCS and $550,000 of dividend income from IPM, a new wholly-owned controlled portfolio company that we invested in on April 6, 2017. Dividend income earned from UPSW increased $750,000 period over period. These increases were offset by decreases in dividend income earned from NTS, SBL and BSP. Dividend income is dependent on portfolio company earnings. Current period dividend income may not be indicative of future period dividend income.

NSBF Servicing Portfolio and Related Servicing Income

The following table represents NSBF originated servicing portfolio and servicing income earned for the nine months ended September 30, 2017 and 2016:

(in thousands):	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016	Change
Total NSBF originated servicing portfolio (1)	$ 1,127,760	$ 902,604	$ 225,156
Total servicing income earned	$ 5,163	$ 4,581	$ 582

(1) Of this amount, the total average NSBF originated portfolio earning servicing income was $758,700,000 and $613,817,000 for the nine months ended September 30, 2017 and 2016, respectively.

The increase in servicing income was attributable to the increase in total portfolio investments for which we earn servicing income. The portfolio earning servicing income increased $144,883,000 period over period. The increase was a direct result of increased investments in SBA non-affiliate investments from September 30, 2017 to September 30, 2016.

Other Income

Other income relates primarily to legal, packaging, prepayment, and late fees earned from SBA loans. The increase was related to an increase in legal and packaging fees earned as a result of the larger dollar volume of loans funded.

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Expenses:

(in thousands)	Nine Months Ended September 30, 2017			Change
Expenses:
Salaries and benefits	$ 14,407	$	10,638	$ 3,769
Interest	8,133		5,804	2,329
Depreciation and amortization	292		209	83
Professional fees	2,054		2,519	(465	)
Origination and servicing	4,086		4,190	(104	)
Change in fair value of contingent consideration liabilities	(748	)	—	(748	)
Other general and administrative costs	5,239		6,094	(855	)
Total expenses	$ 33,463	$	29,454	$ 4,009

Salaries and Benefits

Salaries and benefits increased $3,769,000 primarily due to an increase in headcount at NSBF. The additional headcount relates primarily to employees performing loan processing, loan closing or loan servicing functions as a result of the increase in loan originations. The increase in salaries and benefits was also related to a $678,000 increase in stock-based compensation expense period over period.

Interest Expense

The following is a summary of interest expense by facility for the nine months ended September 30, 2017 and 2016:

(in thousands)	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016	Change
Notes payable - Securitization trusts	$ 4,096	$ 2,808	$ 1,288
Bank notes payable	700	840	(140	)
Notes due 2022	530	531	(1	)
Notes due 2021	2,372	1,389	983
Notes payable - related parties	418	196	222
Other	17	40	(23	)
Total interest expense	$ 8,133	$ 5,804	$ 2,329

The increase in interest expense period over period is primarily related to interest from the Notes payable - Securitization trusts, 2021 Notes and Notes payable - related parties. The increase from Notes payable - Securitization trusts was the result of an additional securitization transaction completed in November 2016.

In April 2016, we issued $40,250,000 of 2021 Notes. During the nine months ended September 30, 2017, we incurred $2,372,000 of interest expense. During the nine months ended September 30, 2016, we incurred only a partial period worth of interest expense.

The increase from Notes payable - related parties was related to the increase in the average outstanding balance during each period.

Change in Fair Value of Contingent Consideration

A portion of our investment in IPM consisted of contingent consideration based on IPM attaining specific EBITDA levels for 2017 and 2018. During the nine months ended September 30, 2017, we reduced the contingent consideration liability by $748,000 based on the probability of IPM attaining specific EBITDA levels for 2017 and 2018.

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Other General and Administrative Costs

Other general and administrative costs include managed IT services, marketing, rent and other costs. In April 2016, we moved our headquarters to Lake Success, New York and vacated our space in West Hempstead, New York. During the nine months ended September 30, 2016, we incurred a loss of $1,487,000 related to the remaining liabilities under the lease. No such expense was incurred during the nine months ended September 30, 2017. This was offset by $979,000 of bad debt expense related to amounts owed from a related party.

Net Realized Gains and Net Unrealized Appreciation and Depreciation

Net realized gains or losses on investments are measured by the difference between the net proceeds from the repayment or sale and the cost basis of our investments without regard to unrealized appreciation or depreciation previously recognized and includes investments charged off during the period, net of recoveries. Net realized gains for the nine months ended September 30, 2017 and 2016 were $27,537,000 and $22,536,000, respectively. Realized losses were $131,000 and $763,000 during the nine months ended September 30, 2017 and 2016, respectively. The net change in unrealized appreciation or depreciation on investments primarily reflects the change in portfolio investment fair values during the reporting period, including the reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized.

Net Realized Gains on SBA Non-Affiliate Investments

	Nine Months Ended — September 30, 2017		September 30, 2016
(in thousands)	# of Debt Investments	$ Amount	# of Debt Investments	$ Amount
SBA non-affiliate investments originated during the period	324	$ 262,804	295	$ 217,779
SBA guaranteed non-affiliate investments sold during the period	322	$ 189,349	287	$ 160,171
Realized gains recognized on sale of SBA guaranteed non-affiliate investments	—	$ 27,668	—	$ 23,280
Average sale price as a percent of principal balance (1)		112.21 %		112.09 %

(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.

Net Unrealized Appreciation (Depreciation) on Investments

(in thousands) — Net unrealized appreciation on SBA guaranteed non-affiliate investments	Nine Months Ended September 30, 2017 — $ 1,201		Nine Months Ended September 30, 2016 — $ 690	$	511
Net unrealized appreciation on SBA unguaranteed non-affiliate investments	238		869		(631	)
Net unrealized (depreciation) appreciation on controlled investments	(2,243	)	10,362		(12,605	)
Change in benefit (provision) for deferred taxes on unrealized (depreciation) appreciation on investments	745		(4,469	)	5,214
Net unrealized depreciation on non-control/non-affiliate investments	—		(43	)	43
Net unrealized depreciation in credits in lieu of cash and notes payable in credits in lieu of cash	—		(2	)	2
Total net unrealized (depreciation) appreciation on investments	$ (59	)	$ 7,407	$	(7,466	)

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Net Unrealized Appreciation (Depreciation) on Controlled Investments

(in thousands) — Universal Processing Services of Wisconsin, LLC	Nine Months Ended September 30, 2017 — $ 3,000		Nine Months Ended September 30, 2016 — $ 9,552	$	(6,552	)
Newtek Technology Solutions, Inc.	(4,059	)	(1,305	)	(2,754	)
Premier Payments LLC	—		3,997		(3,997	)
CDS Business Services, Inc.	4,750		(925	)	5,675
PMTWorks Payroll, LLC	(3,045	)	(25	)	(3,020	)
banc-serv Partners, LLC	(2,000	)	—		(2,000	)
Small Business Lending, LLC	(800	)	(1,000	)	200
The Secure CyberGateway, LLC	—		2		(2	)
Titanium Asset Management LLC	(42	)	66		(108	)
Excel WebSolutions, LLC	(47	)	—		(47	)
Total net unrealized (depreciation) appreciation on controlled investments	$ (2,243	)	$ 10,362	$	(12,605	)

Unrealized appreciation related to our investment in UPSW was related to an increase in EBITDA projections combined with a decrease in the discount rate during the nine months ended September 30, 2017. Unrealized appreciation related to our investment in NBCS was related to continued growth in its SBA 504 lending program and growth in its accounts receivable and inventory financing programs.

Unrealized depreciation related to our investment in NTS was related to weaker than projected financial performance. During the nine months ended September 30, 2017, we made an additional $1,000,000 debt investment in NPS. Due to NPS’ continued negative cash flows, we recorded an unrealized loss of $3,045,000 on our total investment in NPS. During the nine months ended September 30, 2017, the Company recorded a $2,000,000 unrealized loss on its investment in BSP to reflect the potential impact to the business and tradename as a result of the FBI investigation discussed in Note 8.

Provision for Deferred Taxes on Unrealized Appreciation of Investments

Certain consolidated subsidiaries of ours are subject to U.S. federal and state income taxes. These taxable subsidiaries are not consolidated with the Company for income tax purposes, but are consolidated for GAAP purposes, and may generate income tax liabilities or assets from temporary differences in the recognition of items for financial reporting and income tax purposes at the subsidiaries. During the nine months ended September 30, 2017, we recognized a benefit from deferred taxes of $745,000 related to unrealized depreciation of certain controlled portfolio company investments. During the nine months ended September 30, 2016, we recognized a provision for deferred taxes of $4,469,000 related to unrealized appreciation of certain 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, 2021 Notes, 2022 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.

Public Offerings

ATM Program

The ATM Equity Distribution Agreement provides that we may offer and sell up to 2,900,000 shares of common stock from time to time through the Placement Agents. During the nine months ended September 30, 2017, we sold 455,000 shares of our common stock at a weighted average price of $17.19 per share. Proceeds, net of offering costs and expenses were $7,666,000. The Company may offer up to an additional 2,445,000 shares of common stock under the ATM Equity Distribution Agreement as of September 30, 2017.

We intend to use the net proceeds for funding investments in debt and equity securities in accordance with our investment objective and strategies. Additionally, we may use net proceeds for general corporate purposes, which include funding investments, repaying any outstanding indebtedness, acquisitions and other general corporate purposes.

Equity Offerings

In January 2017 we completed a public offering of 2,250,000 shares of our common stock at a public offering price of $15.25 per share and an additional 337,500 shares of common stock at a public offering price of $15.25 per share pursuant to the underwriter's full exercise of the over-allotment option. Proceeds, net of offering costs and expenses were $37,042,000.

Debt Offerings

In April 2016, the Company and the Trustee, entered into the Second Supplemental Indenture to the Base Indenture between the Company and the Trustee, relating to the Company’s issuance, offer and sale of $35,000,000 aggregate principal amount of 7.0% Notes due 2021. The Company granted an overallotment option of up to $5,250,000 in aggregate principal amount of the 2021 Notes. The sale of the Notes generated proceeds of approximately $33,750,000, net of underwriter's fees and expenses. In May 2016, the underwriters exercised their option to purchase $5,250,000 in aggregate principal amount of notes for an additional $5,066,000 in net proceeds. The 2021 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 2021 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 2021 Notes will mature on March 31, 2021 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 April 22, 2017, 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 2021 Notes bear interest at a rate of 7.0% per year payable quarterly on March 31, June 30, September 30, and December 31 of each year, commencing on June 30, 2016, and trade on the Nasdaq Global Market under the trading symbol “NEWTL.”

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The Base Indenture, as supplemented by the Second Supplemental Indenture, 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)(1) of the 1940 Act, 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)(1) of the 1940 Act as in effect immediately prior to the issuance of the 2021 Notes, and to provide financial information to the holders of the 2021 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 the First Supplemental Indenture. 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 2021 Notes may declare such 2021 Notes immediately due and payable upon the occurrence of any event of default after expiration of any applicable grace period. At September 30, 2017, the Company was in compliance with all covenants related to the 2021 Notes.

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 $8,324,000, 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. The 2022 Notes will mature on September 30, 2022 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 September 23, 2018, 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. Proceeds net of offering costs and expenses were $7,747,000.

The Base Indenture, as supplemented by the First Supplemental Indenture, 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)(1) of the 1940 Act, to comply with 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)(1) of the 1940 Act, and to provide financial information to the holders of the 2022 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 the Second Supplemental Indenture. 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 2022 Notes may declare such 2022 Notes immediately due and payable upon the occurrence of any event of default after expiration of any applicable grace period. At September 30, 2017, the Company is in compliance with all covenants related to the 2022 Notes.

Capital One Facilities

In May 2017, NSBF amended its Capital One facility to increase the facility from $50,000,000 to $100,000,000 and provided a reduction in interest rates. The interest rate on the portion of the facility, collateralized by the government guaranteed portion of SBA 7(a) loans, is set at Prime minus 0.25% (previously Prime plus 1.00%), and there is a quarterly facility fee equal to 0.25% on the unused portion of the revolving credit calculated as of the end of each calendar quarter. The interest rate on the portion of the facility, collateralized by the non-guaranteed portion of SBA 7(a) loans, is set at Prime plus 0.75% (previously Prime plus 1.875%), and there is a quarterly facility fee equal to 0.25% on the unused portion of the revolving credit calculated as of the end of each calendar quarter. 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.

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In June 2015, NSBF amended the existing facility to eliminate the fixed charge coverage ratio in exchange for a debt service ratio, new EBITDA minimums, the elimination of restrictions on the our ability to pay dividends to shareholders, as well as the release of the guarantees of our former subsidiaries (now treated as portfolio companies).

At September 30, 2017, we had $29,220,000 and $36,926,000 outstanding under the unguaranteed and guaranteed lines of credit, respectively. At September 30, 2017, 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. Maximum borrowings under the Related Party RLOC were $38,000,000.

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.

In November 2016, NSBF completed its seventh securitization which resulted in the transfer of $56,073,000 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 $53,444,000, consisting of $43,632,000 Class A notes and $9,812,000 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.

Share Repurchase Plan

During the nine months ended September 30, 2017, the Company repurchased and retired 70,000 common shares in open market transactions for approximately $866,000 as detailed in the table below. This program terminated on June 3, 2016.

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Purchase date		Price per Share	Total
March 10, 2016	10	$ 12.34	$ 123
March 18, 2016	20	12.45	249
March 18, 2016	30	12.48	375
March 23, 2016	10	11.88	119
Total	70		$ 866

Note Repurchase Plan

The Company had a program which allowed it to repurchase up to 10%, or $832,400 in aggregate principal amount, of its 7.5% Notes due 2022 and up to 10%, or $4,025,000 in aggregate principal amount, of its 7.0% Notes due 2021 through open market purchases, including block purchases, in such manner as will comply with the provisions of the 1940 Act and the Exchange Act. The program terminated on May 21, 2017. The Company did not make any repurchases under this program during the nine months ended September 30, 2017.

Cash Flows and Liquidity

As of September 30, 2017, the Company’s unused sources of liquidity consisted of $20,966,000 available through the Capital One facility; $13,159,000 available through notes payable with related parties; $3,915,000 in unrestricted cash and $9,000 in money market funds.

Restricted cash of $26,602,000 as of September 30, 2017 is primarily held in NSBF. The majority, or $25,851,000 of restricted cash includes reserves in the event payments are insufficient to cover interest and/or principal with respect to securitizations, loan principal and interest collected which are due to loan participants and a reserve established as part of voluntary agreement with SBA.

The Company generated and used cash as follows:

(in thousands) — Net cash used in operating activities	Nine months ended September 30, 2017 — $ (76,139	)	Nine months ended September 30, 2016 — $ (23,048	)
Net cash used in investing activities	(345	)	(294	)
Net cash provided by financing activities	78,348		21,752
Net increase (decrease) in cash and cash equivalents	1,864		(1,590	)
Cash and cash equivalents, beginning of period	2,051		4,308
Cash and cash equivalents, end of period	$ 3,915		$ 2,718

During the nine months ended September 30, 2017, operating activities used cash of $76,139,000, consisting primarily of (i) an increase in broker receivables which arise from the guaranteed portions of SBA 7(a) loans that were traded but had not settled before period end and represent the amount of cash due from the purchasing broker; the amount varies depending on loan origination volume and timing of sales at period end, (ii) $262,804,000 of SBA 7(a) loan investments (iii) $15,703,000 of advances to NBCS under a revolving line of credit (iv) $9,952,000 of cash paid in connection with our investment in IPM, (v) a $3,821,000 purchase of an SBA 7(a) loan from the SBA, (vi) a $3,255,000 non-control/non-affiliate investment and (vii) an increase in restricted cash of $4,585,000. These decreases were offset by (i) $217,016,000 of proceeds from the sale of SBA 7(a) investments and (ii) $35,914,000 of principal payments received consisting of $20,327,000 from SBA non-affiliate investments, $3,255,000 from non-control/non-affiliate investments and $12,332,000 from controlled investments, including $10,497,000 from NBCS.

Net cash provided by financing activities was $78,348,000 consisting primarily of (i) net proceeds $37,042,000 from the sale of 2,857,500 shares of common stock, (ii) net proceeds of $7,666,000 from the sale of 455,000 shares of common stock under the ATM Equity Distribution Agreement, (iii) net borrowings of $61,046,000 from our Capital One lines of credit and (iv) $19,141,000 of proceeds under the related party revolving line of credit. These increases were offset by (i) $20,836,000 of dividend payments and (ii) $23,414,000 of principal payments related to securitizations.

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Contractual Obligations

The following chart represents the Company’s significant obligations and commitments as of September 30, 2017:

(in thousands) — Contractual Obligations	Payments due by period — Total	Less than 1 year	1-3 years	3-5 years	More than 5 years
Bank notes payable	$ 66,146	$ 36,926	$ 29,220	$ —	$ —
Securitization notes payable (1)	97,607	—	—	—	97,607
Notes due 2022 (1)	8,324	—	—	8,324	—
Notes due 2021 (1)	40,250	—	—	40,250	—
Notes payable - related parties	20,541	—	—	20,541	—
Employment agreements	600	300	300	—	—
Operating leases (2)	12,565	502	3,153	2,298	6,612
Totals	$ 246,033	$ 37,728	$ 32,673	$ 71,413	$ 104,219

(1) Amounts represent principal only and are not shown net of unamortized debt issuance costs. See Note 7.

(2) Minimum payments have not been reduced by minimum sublease rentals of $550,000 due in the future under non-cancelable subleases.

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Critical Accounting Policies and Estimates

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

Fair Value Measurements

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

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

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

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

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Level 1

Level 2

Level 3

Valuation of Investments

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 method for determining enterprise value uses 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.

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Income Recognition

Interest on loan investments is accrued and included in income based on contractual rates applied to principal amounts outstanding. Interest income is determined using a method that results in a level rate of return on principal amounts outstanding. When a loan becomes 90 days or more past due, or if we otherwise do not expect to receive interest and principal repayments, the loan is placed on non-accrual status and the recognition of interest income is discontinued. Interest payments received on loans that are on non-accrual status are treated as reductions of principal until the principal is repaid.

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 daily and recorded when earned. 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.

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

The Company’s U.S. federal and state income tax returns prior to fiscal year 2013 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 beginning with the 2015 tax year under the Code 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 return. The Company will evaluate and record any deferred tax assets and liabilities of the subsidiaries that are not part of the RIC. 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 shareholders 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 shareholders, which will generally relieve the Company from U.S. federal income taxes with respect to all income distributed to its shareholders as dividends.

The Company’s Taxable Subsidiaries accrue income taxes payable based on the applicable corporate rates on the unrealized gains generated by the investments held by the Taxable Subsidiaries. Such deferred tax liabilities were $5,240,000 and $5,983,000 at September 30, 2017 and December 31, 2016, respectively and are recorded as deferred tax liabilities on the condensed consolidated statements of assets and liabilities. The change in deferred tax liabilities is included as a component of net realized and unrealized gains in the condensed consolidated statements of operations.

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New Accounting Standards

Off Balance Sheet Arrangements

There were no off balance sheet arrangements as of September 30, 2017.

Recent Developments

Portfolio Company Developments

Common Stock

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

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 as well as the securitization notes are on a prime plus a fixed factor basis. 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 made; 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. At this time the secondary market for the guaranteed portions of SBA loans is robust but during the 2008 and 2009 financial crisis the Company had difficulty selling its loans for a premium; although not expected at this time, if such conditions did recur NSBF would most likely cease making new loans and could experience a substantial reduction in profitability.

We do not have significant exposure to changing interest rates on invested cash (includes cash and cash equivalents, restricted cash and money market funds) which was approximately $30,527,000 at September 30, 2017. 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. Invested cash is held almost exclusively at financial institutions of high credit quality. The Company invests cash not held in interest free checking accounts or bank money market accounts mainly in U.S. Treasury only money market instruments or funds and other investment-grade securities. As of September 30, 2017, cash deposits in excess of insured amounts totaled approximately $11,068,000.

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ITEM 4. CONTROLS AND PROCEDURES.

As 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) under the Securities Exchange Act of 1934, as amended, or the Exchange Act). Based on our evaluation, our management, including the chief executive officer and chief accounting officer, concluded that our disclosure controls and procedures were effective in timely alerting management, including the chief executive officer and chief accounting officer, of material information about us required to be included in our periodic SEC filings. However, in evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, are based upon certain assumptions about the likelihood of future events and 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. 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 - OTHER INFORMATION

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.

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, 2016, 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. There have been no material changes from the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2016.

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

In connection with the investment in IPM, the Company issued 60,490 restricted common shares in a private transaction as a portion of the consideration, as discussed herein.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

Number	Description
11	Computation of Per Share Earnings (included in the notes to the condensed consolidated financial
statements in this report).
31.1	Certification by Principal Executive Officer required by Rule 13a-14 under the Securities
Exchange Act of 1934, as amended, filed herewith.
31.2	Certification by Principal Financial Officer required by Rule 13a-14 under the Securities
Exchange Act of 1934, as amended, filed herewith.
32.1	Certification by Principal Executive and Principal Financial Officer pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 filed herewith.

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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.

Date: November 8, 2017	NEWTEK BUSINESS SERVICES CORP. — By:	/S/ Barry Sloane
		Barry Sloane
		Chairman and Chief Executive Officer (Principal Executive Officer)
Date: November 8, 2017	By:	/ S / J ennifer E ddelson
		Jennifer Eddelson
		Chief Accounting Officer (Principal Financial Officer and Principal
Accounting Officer)

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NewtekOne, Inc. Interim / Quarterly Report 2017

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NewtekOne, Inc. — Interim / Quarterly Report 2017

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NewtekOne, Inc. Interim / Quarterly Report 2017