Borrowings (Details) - USD ($)																						1 Months Ended																		6 Months Ended	12 Months Ended
	Dec. 13, 2022	Nov. 10, 2022	Sep. 08, 2022	Aug. 15, 2022	Jul. 14, 2022	May 10, 2022	Oct. 04, 2021	Sep. 13, 2021	Jul. 15, 2021	Mar. 10, 2021	Jan. 28, 2021	Jan. 28, 2021	Sep. 14, 2020	Jul. 09, 2020	Jul. 06, 2020	Feb. 07, 2020	Dec. 21, 2019	Apr. 16, 2019	Apr. 16, 2019	Feb. 05, 2019	Apr. 16, 2018	Jan. 27, 2023	Dec. 21, 2022	Oct. 27, 2022	Apr. 27, 2022	Jan. 19, 2022	Aug. 31, 2021	Jan. 28, 2021	Dec. 29, 2020	Jun. 24, 2020	Apr. 24, 2020	Dec. 21, 2019	Aug. 28, 2018	Mar. 23, 2018	May 18, 2017	Dec. 21, 2016	May 29, 2015	Sep. 17, 2014	Feb. 24, 2012	Aug. 31, 2021	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021	May 01, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	May 10, 2013	Jul. 30, 2010	May 01, 2007	Apr. 11, 2007
Borrowings (Details) [Line Items]
Interest rate, description																																									The Revolving Credit Facility, SBA Debentures, 7.00% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2026, 7.75% Notes Payable 2025 and 6.25% Notes Payable 2027 are not registered for public trading.
Loss on the extinguishment of debt																																									$ (1,587,083)	$ (2,434,410)	$ (128,617)
Administrative agent fee																																									3,160,417	2,906,250	2,545,833
Securitized credit facility																																									$ 32,500,000	12,500,000
Encina Credit Facility percentage																																									50.00%
Outstanding amount																				$ 20,000,000
Financing costs																																									$ 10,135,986	10,008,424	3,435,749
Amortization of deferred financing cost																																									$ 1,000,000	700,000	600,000
Debt instrument, description																																									Our wholly owned SBIC Subsidiaries are able to borrow funds from the SBA against regulatory capital (which approximates equity capital in respective SBIC) and is subject to customary regulatory requirements including but not limited to, a periodic examination by the SBA.
Additional long-term capital																																									$ 175,000,000
Outstanding principal amount					$ 43,100,000											$ 74,450,000	$ 74,450,000															$ 74,450,000									$ 350,000,000		74,450,000	$ 10,000,000				$ 48,300,000
SBA guaranteed debentures, description																																									With the third license approval, Saratoga can continue to grow its SBA relationship from $150.0 million to $350.0 million of committed capital.
Net income taxes																																									$ 2,770,984	1,355,083	4,140,241
Investment percentage																						0.10%
Borrowing amount																																									325,000,000
principal amount Percentage					7.25%																						6.25%													6.25%								7.50%
Debt distribution agreement, description					On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE.											On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.5 million, respectively, in aggregate principal amount of the $74.5 million in aggregate principal amount of issued and outstanding 2023 Notes and are no longer listed on the NYSE.											On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes and, as a result of the full redemption, the 6.25% 2025 Notes are no longer listed on the NYSE.					On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.5 million, respectively, in aggregate principal amount of the $74.5 million in aggregate principal amount of issued and outstanding 2023 Notes and are no longer listed on the NYSE.					On May 29, 2015, the Company entered into a Debt Distribution Agreement with Ladenburg Thalmann & Co. through which the Company may offer for sale, from time to time, up to $20.0 million in aggregate principal amount of the 2020 Notes through an At-the-Market (“ATM”) offering. Prior to the 2020 Notes being redeemed in full, the Company had sold 539,725 units of the 2022 Notes with a principal of $13.5 million at an average price of $25.31 for aggregate net proceeds of $13.4 million (net of transaction costs).
Net proceeds																				19,200,000
Underwriting commissions																				600,000																					3,585,061	4,307,647	2,157,405
Discount amount																				$ 200,000
Fair value																																										11,500,000	61,200,000
Fixed interest, description						Interest on the 6.00% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.00% per year.
Financing cost																																									3,587,139	2,164,761	1,372,662
Indebtedness																																									1,000,000,000
Redeem percentage																											6.25%
Minimum [Member]
Borrowings (Details) [Line Items]
Asset coverage ratio																																		150.00%
Encina Credit Facility																																									12,500,000
Outstanding principal amount																$ 24,450,000	24,450,000															$ 24,450,000
Borrowing amount																						$ 50,000,000
Borrowing interest rate																						4.00%
Maximum [Member]
Borrowings (Details) [Line Items]
Encina Credit Facility																																									25,000,000
Outstanding principal amount																50,000,000	50,000,000															50,000,000
Borrowing amount																						$ 65,000,000
Borrowing interest rate																						4.25%
2025 [Member]
Borrowings (Details) [Line Items]
principal amount Percentage																				6.25%
Smaller Enterprise [Member]
Borrowings (Details) [Line Items]
Tangible net																																									6,000,000
Net income taxes																																									2,000,000
SBA Debentures [Member]
Borrowings (Details) [Line Items]
Interest expense																																									6,400,000	4,700,000	$ 5,500,000
Additional long-term capital																																									150,000,000
6.25% 2025 Notes [Member]
Borrowings (Details) [Line Items]
principal amount Percentage																											6.25%													6.25%
4.375% Notes 2026 [Member]
Borrowings (Details) [Line Items]
Interest expense																																										5,500,000
Deferred financing costs																																									$ 800,000
Level 3 Liability [Member]
Borrowings (Details) [Line Items]
Debt instrument, description																																									At February 28, 2023 and February 28, 2022, there was $202.0 million and $185.0 million outstanding of SBA debentures, respectively. The carrying amount of the amount outstanding of SBA debentures approximates its fair value, which is based on a waterfall analysis showing adequate collateral coverage and would be classified as a Level 3 liability within the fair value hierarchy. Financing costs of $5.0 million, $6.0, and $0.4 million related to the SBA debentures issued by SBIC LP, SBIC II LP and SBIC III LP, respectively, have been capitalized and are being amortized over the term of the commitment and drawdown. During the year ended February 28, 2023, the Company repaid $59.0 million of SBA debentures, resulting in a realized loss on extinguishment of $0.6 million related to the acceleration of deferred debt financing costs.
Encina Credit Facility [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																									$ 32,500,000	$ 12,500,000
SBIC LP [Member]
Borrowings (Details) [Line Items]
Aggregate cost of capital																																									75,000,000
Debentures outstanding amount																																									27,000,000
SBIC II LP [Member]
Borrowings (Details) [Line Items]
Aggregate cost of capital																																									87,500,000
Debentures outstanding amount																																									175,000,000
SBIC III LP [Member]
Borrowings (Details) [Line Items]
Aggregate cost of capital																																									2,500,000
Debentures outstanding amount																																									0
SBA-Guaranteed Debentures [Member]
Borrowings (Details) [Line Items]
Debentures outstanding amount																																									202,000,000
SBIC [Member]
Borrowings (Details) [Line Items]
Tangible net																																									24,000,000
Net income taxes																																									$ 8,000,000
Investment percentage																																									25.00%
SBA Debentures [Member]
Borrowings (Details) [Line Items]
Asset coverage ratio																																									150.00%
SBA Debentures [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Borrowing interest rate																																									2.78%	2.60%	3.25%
SBA Debentures [Member] | Three Months Ended [Member]
Borrowings (Details) [Line Items]
Outstanding principal amount																																									$ 229,900,000	$ 180,400,000
6.75% 2023 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding principal amount																																				$ 74,500,000
principal amount Percentage																																				6.75%
Due date																																				2023
Net proceeds amount																																				$ 71,700,000
Deducting underwriting commissions amount																																				2,300,000
Offering costs																																				$ 500,000
6.25% Notes 2027 [Member]
Borrowings (Details) [Line Items]
Financing costs																												$ 400,000	$ 100,000
Interest expense																																									900,000	900,000
Outstanding principal amount											$ 10,000,000	$ 10,000,000				74,500,000	74,500,000											$ 10,000,000	5,000,000			74,500,000									15,000,000
Debentures outstanding amount																																									15,000,000	15,000,000
principal amount Percentage											6.25%	6.25%																6.25%
Net proceeds amount											$ 9,700,000
Deducting underwriting commissions amount											300,000
Offering costs											$ 100,000	$ 100,000																$ 100,000	$ 100,000
Per share (in Dollars per share)												$ 25
Fair value																																									13,700,000
Deferred financing costs																																									$ 70,000.00	70,000.00
Fixed interest, description																													Interest on the 6.25% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.25% per year.
Debt par value of per share (in Dollars per share)																																									$ 25
6.25% Notes 2027 [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Outstanding principal amount																24,500,000	24,500,000															24,500,000
6.25% Notes 2027 [Member] | Maximum [Member]
Borrowings (Details) [Line Items]
Outstanding principal amount																$ 50,000,000	$ 50,000,000															$ 50,000,000
6.25% Notes 2027 [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
principal amount Percentage																													6.25%
2023 Notes [Member]
Borrowings (Details) [Line Items]
Per share (in Dollars per share)																	$ 25
6.25% 2025 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding principal amount																											$ 60,000,000													$ 60,000,000
principal amount Percentage																											6.25%													6.25%			6.25%
Borrowing note, description																				Offering costs incurred were approximately $0.2 million. The issuance included the full exercise of the underwriters’ option to purchase an additional $2.5 million aggregate principal amount of 6.25% 2025 Notes within 30 days. The additional 6.25% 2025 Notes were treated as a single series with the existing 6.25% 2025 Notes under the indenture and had the same terms as the existing 6.25% 2025 Notes. The net proceeds from this offering were used for general corporate purposes in accordance with our investment objective and strategies. The financing costs and discount of $1.0 million related to the 6.25% 2025 Notes have been capitalized and are being amortized over the term of the 6.25% 2025 Notes.													On August 28, 2018, the Company issued $40.0 million in aggregate principal amount of our 6.25% fixed-rate notes due 2025 (the “6.25% 2025 Notes”) for net proceeds of $38.7 million after deducting underwriting commissions of approximately $1.3 million. Offering costs incurred were approximately $0.3 million. The issuance included the full exercise of the underwriters’ option to purchase an additional $5.0 million aggregate principal amount of 6.25% 2025 Notes within 30 days. The net proceeds from the offering were used for general corporate purposes in accordance with our investment objective and strategies. Financing costs of $1.6 million related to the 6.25% 2025 Notes have been capitalized and were amortized over the term of the 6.25% 2025 Notes.
Fair value																																											$ 60,000,000
Loss on extinguishment of debt																																								$ 1,500,000
7.25% 2025 Notes [Member]
Borrowings (Details) [Line Items]
Loss on the extinguishment of debt					$ 1,000,000
Financing costs														$ 300,000
Debt instrument, description															On July 6, 2020, the underwriters exercised their option in full to purchase an additional $5.625 million in aggregate principal amount of its 7.25% 2025 Notes. Net proceeds to the Company were $5.4 million after deducting underwriting commissions of approximately $0.2 million. Interest on the 7.25% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.25% per year, beginning August 31, 2020. The 7.25% 2025 Notes mature on June 30, 2025 and commencing June 24, 2022, may be redeemed in whole or in part at any time or from time to time at our option. The net proceeds from the offering were used for general corporate purposes in accordance with our investment objective and strategies. Financing costs of $1.6 million related to the 7.25% 2025 Notes have been capitalized and were being amortized over the term of the 7.25% 2025 Notes.															Offering costs incurred were approximately $0.2 million.
Outstanding principal amount														$ 5,000,000																$ 37,500,000
principal amount Percentage														7.75%																7.25%
Due date																														2025
Net proceeds amount														$ 4,800,000																$ 36,300,000
Deducting underwriting commissions amount														200,000																$ 1,200,000
Offering costs														$ 100,000
Deferred financing costs																																									$ 100,000	300,000
Fixed interest, description														Interest on the 7.75% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.75% per year.
7.25% 2025 Notes [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Outstanding principal amount					$ 43,100,000
7.25% 2025 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																									13,500,000	43,100,000
Interest expense																																									1,200,000	3,100,000
7.75% Notes 2025 [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																									5,000,000	5,000,000
Interest expense																																									400,000	400,000
Amortization of deferred financing cost																																									50,000.00	50,000.00
Fair value																																									$ 4,900,000
Debt par value of per share (in Dollars per share)																																									$ 25
7.75% Notes 2025 [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Outstanding principal amount																																									$ 5,000,000
4.375% Notes 2026 [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																									175,000,000	130,800,000
Financing costs									$ 2,700,000	$ 1,300,000
Interest expense																																									7,700,000
Outstanding principal amount									125,000,000	$ 50,000,000																															175,000,000	175,000,000
principal amount Percentage										4.375%
Net proceeds amount									$ 123,500,000	$ 49,000,000
Deducting underwriting commissions amount										1,000,000
Offering costs										$ 200,000
Deferred financing costs																																										400,000
Public offering price percentage									101.00%
Underwriting discount									$ 2,500,000
Minimum denominations amount																																									2,000
Integral multiples of excess																																									1,000
Amortization of premium on issuances																																									300,000	200,000
4.375% Notes 2026 [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
principal amount Percentage										4.375%
8.00% 2027 Notes [Member]
Borrowings (Details) [Line Items]
Financing costs																																									1,700,000
Outstanding principal amount																								$ 40,000,000																	$ 46,000,000
principal amount Percentage																								8.00%																	8.00%
Net proceeds amount		$ 5,800,000																						$ 38,700,000
Deducting underwriting commissions amount		$ 200,000
Offering costs																								300,000
Fair value																																									$ 46,400,000
Deferred financing costs																								$ 1,300,000
Fixed interest, description		Interest on the 8.00% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.00% per year, beginning February 28, 2023.
Debt par value of per share (in Dollars per share)																																									$ 25
Additional aggregate principal amount		$ 6,000,000
Carrying amount																																									$ 46,000,000
8.00% 2027 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Debt par value of per share (in Dollars per share)																																									$ 25
4.375% 2026 [Member]
Borrowings (Details) [Line Items]
Fair value																																										156,100,000
4.35% Notes 2027 [Member]
Borrowings (Details) [Line Items]
Financing costs																										$ 1,800,000
Interest expense																																									$ 3,300,000	400,000
Outstanding principal amount																										$ 75,000,000															75,000,000	75,000,000
principal amount Percentage																										4.35%
Net proceeds amount																										$ 73,000,000
Deducting underwriting commissions amount																										1,500,000
Offering costs																										$ 100,000
Fair value																																										64,500,000
Deferred financing costs																																									300,000	50,000.00
Fixed interest, description																										Interest on the 4.35% 2027 Notes is paid semi-annually in arrears on February 28 and August 28, at a rate of 4.35% per year.
Public offering price percentage																										99.317%
Amortization of discount on issuance																																									90,000.00	70,000.00
4.35% Notes 2027 [Member] | Maximum [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																									75,000,000	$ 8,400,000
8.125% Notes 2027 [Member]
Borrowings (Details) [Line Items]
Financing costs																																									2,000,000
Outstanding principal amount	$ 52,500,000																																								$ 60,400,000
principal amount Percentage	8.125%																						8.125%																		8.125%	8.125%			8.125%	8.125%	8.125%
Deducting underwriting commissions amount																							$ 200,000
Offering costs	$ 300,000
Deferred financing costs	1,600,000
Debt par value of per share (in Dollars per share)																																									$ 25
Additional aggregate principal amount																							7,900,000
8.125% Notes 2027 [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Net proceeds amount																							$ 7,600,000
Fair value																																									$ 60,400,000
8.125% Notes 2027 [Member] | Maximum [Member]
Borrowings (Details) [Line Items]
Net proceeds amount	$ 50,800,000
Fair value																																									$ 61,100,000
8.125% Notes 2027 [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Debt par value of per share (in Dollars per share)																																									$ 25
6.00% 2027 Notes [Member]
Borrowings (Details) [Line Items]
Financing costs						$ 3,300,000
Outstanding principal amount				$ 8,000,000																					$ 87,500,000																$ 105,500,000
principal amount Percentage																									6.00%
Net proceeds amount				$ 7,800,000		9,700,000																			$ 84,800,000
Deducting underwriting commissions amount						$ 300,000																			$ 2,700,000
Offering costs																													$ 100,000
Fair value																																									$ 100,400,000
Debt par value of per share (in Dollars per share)						$ 25																																			$ 25
Public offering price percentage				97.80%
Additional aggregate principal amount						$ 10,000,000
Incurred cost				$ 200,000
Financing cost				$ 200,000
Carrying amount																																									$ 105,500,000
7.00% 2025 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																									5,800,000	$ 0
Financing costs			$ 50,000.00
Interest expense																																									400,000	0
Outstanding principal amount			$ 12,000,000
principal amount Percentage			7.00%
Net proceeds amount			$ 11,600,000
Deferred financing costs																																									10,000.00	0
Fixed interest, description			Interest on the 7.00% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.00% per year.
Amortization of discount on issuance																																									60,000.00	0
Offering expenses			$ 400,000
7.00% 2025 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																										$ 0
Outstanding principal amount																																									$ 12,000,000
6.25% Notes 2025 [Member]
Borrowings (Details) [Line Items]
Outstanding principal amount																											$ 60,000,000													$ 60,000,000
principal amount Percentage																											6.25%													6.25%
Notes offering [Member]
Borrowings (Details) [Line Items]
Redeem percentage																											4.375%
Credit Facility [Member]
Borrowings (Details) [Line Items]
Employ leverage, description																																									As a BDC, we are only allowed to employ leverage to the extent that our asset coverage, as defined in the 1940 Act, equals at least 200% after giving effect to such leverage, or, 150% if certain requirements under the 1940 Act are met.
Asset coverage ratio																		150.00%	150.00%																						165.90%	209.30%
Securitized credit facility																																																		$ 25,700,000	$ 100,000,000
Credit facility, description																																							On February 24, 2012, we amended the Madison Credit Facility to, among other things:    ● expand the borrowing capacity under the Madison Credit Facility from $40.0 million to $45.0 million;     ● extend the period during which we may make and repay borrowings under the Madison Credit Facility from July 30, 2013 to February 24, 2015 (the “Revolving Period”). The Revolving Period may, upon the occurrence of an event of default, by action of the lenders or automatically, be terminated. All borrowings and other amounts payable under the Madison Credit Facility are due and payable five years after the end of the Revolving Period; and     ● remove the condition that we may not acquire additional loan assets without the prior written consent of Madison Capital Funding LLC.
Credit Facility [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Asset coverage ratio																					150.00%
Credit Facility [Member] | Maximum [Member]
Borrowings (Details) [Line Items]
Asset coverage ratio																					200.00%
Credit Facility [Member] | LIBOR [Member]
Borrowings (Details) [Line Items]
Interest rate, description																																									Under the Revolving Facility, funds were borrowed from or through certain lenders and interest was payable monthly at the greater of the commercial paper rate and our lender’s prime rate plus 4.00% plus a default rate of 2.00% or, if the commercial paper market was unavailable, the greater of the prevailing LIBOR rates and our lender’s prime rate plus 6.00% plus a default rate of 3.00%.
Madison Credit Facility [Member]
Borrowings (Details) [Line Items]
Senior secured revolving																																																	$ 45,000,000
Credit facility, description								On September 13, 2021, we entered into a sixth amendment to the Madison Credit Facility to, among other things:    ● Extend the commitment termination date of the Madison Credit Facility from September 17, 2021 to October 1, 2021, with no change to maturity date of September 17, 2025.					On September 14, 2020, we entered into a fifth amendment to the Madison Credit Facility to, among other things:    ● extend the commitment termination date of the Madison Credit Facility from September 17, 2020 to September 17, 2021, with no change to the maturity date of September 17, 2025.     ● provide for the transition away from the LIBOR Rate in the market, and     ● expand the definition of “Eligible Loan Asset” to allow investments with certain recurring revenue features to qualify as collateral and be included in the borrowing base.																		On April 24, 2020, we entered into a fourth amendment to the Madison Credit Facility to, among other things:    ● permit certain amendments related to the Paycheck Protection Program (“Permitted PPP Amendment”) to Loan Asset Documents;     ● exclude certain debt and interest amounts allowed by the Permitted PPP Amendments from certain calculations related to Net Leverage Ratio, Interest Coverage Ratio and EBITDA; and				On May 18, 2017, we entered into a third amendment to the Madison Credit Facility to, among other things:    ● extend the commitment termination date from September 17, 2017 to September 17, 2020;     ● extend the final maturity date of the Madison Credit Facility from September 17, 2022 to September 17, 2025 (unless terminated sooner upon certain events);     ● reduce the floor on base rate borrowings from 2.25% to 2.00%;     ● reduce the floor on LIBOR borrowings from 1.25% to 1.00%; and     ● reduce the commitment fee rate from 0.75% to 0.50% for any period during which the ratio of advances outstanding to aggregate commitments, expressed as a percentage, is greater than or equal to 50%.			●extend the commitment termination date from February 24, 2015 to September 17, 2017;   ● extend the maturity date of the Madison Credit Facility from February 24, 2020 to September 17, 2022 (unless terminated sooner upon certain events);     ● reduce the applicable margin rate on base rate borrowings from 4.50% to 3.75%, and on LIBOR borrowings from 5.50% to 4.75%; and     ● reduce the floor on base rate borrowings from 3.00% to 2.25%, and on LIBOR borrowings from 2.00% to 1.25%.
Loss on the extinguishment of debt							$ 800,000
Administrative agent fee																																									$ 100,000
Average interest rate																																									6.72%	5.22%	0.17%
Average borrowings outstanding																																											$ 1,800,000
Encina Credit Facility [Member]
Borrowings (Details) [Line Items]
Credit facility, description							The terms of the Encina Credit Facility required a minimum drawn amount of $12.5 million at all times during the first six months following the closing date, which increased to the greater of $25.0 million or 50% of the commitment amount in effect at any time thereafter. The term of the Encina Credit Facility is three years. Advances under the Encina Credit Facility originally bore interest at a floating rate per annum equal to LIBOR plus 4.0%, with LIBOR having a floor of 0.75%, with customary provisions related to the selection by the Lender and the Company of a replacement benchmark rate. The commitment termination date was October 4, 2024.															On January 27, 2023, we entered into the first amendment to the Credit Agreement to, among other things:     ● increased the borrowings available under the Encina Credit Facility from up to $50.0 million to up to $65.0 million;     ● changed the underlying benchmark used to compute interest under the Credit Agreement from LIBOR to Term SOFR for a one-month tenor plus a 0.10% credit spread adjustment;     ● increased the applicable effective margin rate on borrowings from 4.00% to 4.25%;     ● extended the revolving period from October 4, 2024 to January 27, 2026;     ● extended the period during which the borrower may request one or more increases in the borrowings available under the Encina Credit Facility (each such increase, a “Facility Increase”) from October 4, 2023 to January 27, 2025, and increased the maximum borrowings available pursuant to such Facility Increase from $75.0 million to $150.0 million;
Administrative agent fee																																									$ 100,000
Securitized credit facility							$ 50,000,000
Outstanding amount																																									26,300,000	$ 8,700,000
Financing costs																																									2,000,000
Interest expense																																									2,000,000	800,000	500,000
Amortization of deferred financing cost																																									$ 500,000	$ 300,000	$ 100,000
Line of credit facility, borrowing capacity, description																																									Availability on the Encina Credit Facility will be subject to a borrowing base calculation, based on, among other things, applicable advance rates (which vary from 50.0% to 75.0% of par or fair value depending on the type of loan asset) and the value of certain “eligible” loan assets included as part of the borrowing base. Funds may be borrowed at the greater of the prevailing one-month SOFR rate, plus an applicable effective margin of 4.25%. In addition, the Company will pay the lender a commitment fee of 0.75% per year (or 0.50% if the ratio of advances outstanding to aggregate commitments is greater than or equal to 50%) on the unused amount of the Encina Credit Facility.
Line of credit facility current borrowing capacity																																									$ 63,600,000
Line of credit facility maximum borrowing capacity																																									$ 65,000,000