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SBA-GUARANTEED DEBENTURES - Schedule of interest expense and amortized fees on the SBA-guaranteed debentures (Details) - SBA-guaranteed Debentures - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Debt Instrument [Line Items]        
Interest expense $ 2,076,751 $ 1,661,946 $ 5,743,011 $ 4,644,014
Debenture fee amortization 316,274 299,373 905,294 801,258
Total interest and financing expenses $ 2,393,025 $ 1,961,319 $ 6,648,305 $ 5,445,272
Weighted average interest rate 2.80% 2.70% 2.70% 2.80%
Effective interest rate (including fee amortization) 3.20% 3.20% 3.20% 3.30%
Average debt outstanding $ 299,556,522 $ 246,173,913 $ 280,681,996 $ 220,354,579
Cash paid for interest $ 3,955,224 $ 3,201,057 $ 7,360,295 $ 5,907,676