Marlin Business Services CORP: management transactions · United States · SEC (Form 4)

About Marlin Business Services CORP

Marlin Business Services Corp. (ticker MRLN) is a U.S. specialty finance company focused on serving small and mid-sized businesses. The company was founded in 1997 and incorporated in Pennsylvania in 2003, and its headquarters has been located in Mount Laurel, New Jersey. Historically, Marlin positioned itself as a nationwide provider of credit products and services, with particular strength in financing commercial equipment and, over time, working-capital lending. In public filings, the company was listed on the NASDAQ under the symbol MRLN, underscoring its status as a U.S.-listed issuer before later ownership changes. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1260968/000156276221000280/mrln-20210630.htm)) Marlin’s business model was built around fast, point-of-sale financing solutions for small businesses. Its core products included equipment leases and loans for business-critical assets, working capital loans, and related credit services distributed through a network of manufacturers, distributors, dealers, and brokers. The company also operated AssuranceOne, a Bermuda-based captive insurance subsidiary, which supported insurance-related activities tied to financed equipment. Another important milestone in the company’s corporate evolution came in 2008, when it opened Marlin Business Bank, a Utah-chartered commercial bank that became the primary funding source through FDIC-insured deposits. In 2009, Marlin became a bank holding company, and in 2010 it was approved as a financial holding company, broadening its regulatory and strategic flexibility. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1260968/000156276221000280/mrln-20210630.htm)) From a competitive standpoint, Marlin competed in a fragmented U.S. specialty lending market where speed, simplicity, and distribution access matter. Its niche was small-ticket commercial finance, an area where it competed with banks, captive finance providers, independent equipment lessors, and alternative lenders. The company’s historical value proposition centered on underwriting smaller transactions efficiently and providing financing solutions at the point of sale, particularly for small businesses looking to preserve liquidity while acquiring essential equipment. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1260968/000119312520072460/d875863d10k.htm?utm_source=openai)) The most important recent corporate developments were strategic rather than operational. In April 2021, Marlin announced an agreement to be acquired by funds managed by affiliates of HPS Investment Partners. The transaction was completed in January 2022, at which point Marlin became a wholly owned subsidiary of those funds and its common stock was delisted from NASDAQ. That means current public-market coverage of MRLN is largely historical or reference-based, with the SEC filings preserving the company’s legacy business profile rather than signaling an independently traded equity today. ([nasdaq.com](https://www.nasdaq.com/press-release/marlin-business-services-corp.-enters-into-definitive-agreement-to-be-acquired-by?utm_source=openai)) For French-speaking investors, the key takeaway is that Marlin was a specialized U.S. finance platform with a long history in equipment lending and SME credit, a headquarters in New Jersey, and a national distribution footprint across the United States. Its legacy remains relevant for understanding niche U.S. credit underwriting models, but the company is no longer an active standalone NASDAQ-listed stock following the HPS acquisition. ([nasdaq.com](https://www.nasdaq.com/press-release/marlin-completes-acquisition-by-funds-managed-by-affiliates-of-hps-investment?utm_source=openai))