Marlin Business Services amends, extends loan facility via Wells Fargo

By Susanna Moon

Chicago, April 8 – Marlin Business Services Corp.’s affiliate Marlin Receivables Corp. amended its loan facility with Wells Fargo Capital Finance, LLC on Wednesday, extending the term to July 7, 2015.

The amendment also changed the fee structure and dropped the amount available under the facility to $50 million from $75 million, according to an 8-K filing with the Securities and Exchange Commission.

The company entered into its loan and security agreement on Oct. 9, 2009.

Marlin provides lending and deposit products to small businesses and is based in Mount Laurel, N.J.

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