Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WILSON LOYAL W
  2. Issuer Name and Ticker or Trading Symbol
MARLIN BUSINESS SERVICES CORP [MRLN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O PRIMUS VENTURE PARTNERS, INC., 5900 LANDERBROOK DR, STE 200
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2005
(Street)

CLEVELAND, OH 44124
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/26/2005   A   1,365 (1) A (2) 1,365 D  
Common Stock               1,905,612 (3) I Shares directly owned by Primus Capital Fund IV Limited Partnership (3)
Common Stock               79,401 (3) I Shares directly owned by Primus Executive Fund Limited Partnership (3)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options to Purchase Common Stock $ 19.78 05/26/2005   A   1,161   05/26/2006(4) 05/25/2012 Common Stock 1,161 (2) 1,161 D  
Options to Purchase Common Stock $ 16.01             05/26/2005(5) 05/25/2014 Common Stock 1,500   1,500 D  
Options to Purchase Common Stock $ 14             11/11/2007(6) 11/10/2013 Common Stock 5,000   5,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WILSON LOYAL W
C/O PRIMUS VENTURE PARTNERS, INC.
5900 LANDERBROOK DR, STE 200
CLEVELAND, OH 44124
  X   X    

Signatures

 Loyal W. Wilson   05/31/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents grant of restricted stock as part of the Company's Director compensation plan. The restrictions on these shares shall lapse upon the earlier of (i) seven years from the grant date and (ii) six months following the Director's termination of Board service.
(2) N/A
(3) Mr. Wilson shares voting power and investment power with respect to the shares with four other officers of Primus Venture Partners IV, Inc. Mr. Wilson disclaims beneficial ownership of the shares held by Primus Capital Fund IV Limited Partnership and by Primus Executive Fund Limited Partnership except to the extent of his pecuniary interest therein.
(4) Grant of options pursuant to the Company's Director compensation plan. Date listed is the date of full vesting (which is one year from the date of grant). The options cliff vest on the first anniversary of the grant date.
(5) Grant of options pursuant to the Company's Director compensation plan. Date listed is the date of full vesting (whiich is one year from the date of the grant). The grant vests in equal quarterly installments over the one year vesting period. The date of the grant was May 26, 2004.
(6) Date listed is the date of full vesting. The grant vests 25% per year beginning on the first anniversary of the date of the grant. The date of the grant was November 11, 2003.

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