SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 12 — SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events through the date of issuance of the financial statements included herein. There have been no subsequent events that require recognition or disclosure in these financial statements except for the following described below.

Investment Portfolio

The Company invested in the following portfolio companies subsequent to June 30, 2023:

Activity Type	Date	Company Name	Company Description	Investment Amount		Instrument Type
New Investment	July 7, 2023	Madison Logic, Inc.*	Provider of B2B account based marketing services	$	394,767	Equity
Add-On Investment	July 12, 2023	EH Real Estate Services, LLC*	Offers residential property brokerage, title & settlement, and property and casualty insurance brokerage services to home buyers and sellers	$	501,846	Senior Secured – First Lien
New Investment	July 31, 2023	EHI Buyer, Inc.	Provider of design, engineering, installation, and maintenance services for building management systems	$	6,111,343	Senior Secured – First Lien
				$	3,055,671	Delayed Draw Term Loan Commitment
				$	100,000	Revolver Commitment
				$	617,801	Equity
New Investment	August 2, 2023	Compost 360 Acquisition, LLC	Organic waste recycler and producer of compost, mulch, and engineered soils	$	9,595,100	Senior Secured – First Lien
				$	4,096,741	Delayed Draw Term Loan Commitment
				$	100,000	Revolver Commitment
				$	250,761	Equity
New Investment	August 3, 2023	Morgan Electrical Group Intermediate Holdings, Inc.	Provider of commercial electrical services	$	4,439,439	Senior Secured – First Lien
				$	2,864,154	Delayed Draw Term Loan Commitment
				$	100,000	Revolver Commitment
				$	356,800	Equity
Add-On Investment	August 4, 2023	TradePending OpCo Aggregator, LLC*	Provider of vehicle trade-in and merchandising intelligence solutions for auto dealerships	$	2,473,227	Senior Secured – First Lien
				$	687,007	Delayed Draw Term Loan Commitment
				$	325,379	Equity
New Investment	August 7, 2023	The Hardenbergh Group, Inc.	Provider of temporary professional staffing of Medical Services Professionals, external peer review, consulting and physician leadership solutions	$	10,501,898	Senior Secured – First Lien
				$	100,000	Revolver Commitment
				$	434,504	Equity
New Investment	August 8, 2023	Green Intermediateco II, Inc.	Cyber-security focused value-added reseller and associated service provider	$	11,170,252	Senior Secured – First Lien
				$	500,000	Delayed Draw Term Loan Commitment
				$	271,401	Equity

* Existing portfolio company

The Company realized the following portfolio company subsequent to June 30, 2023:

Activity Type	Date	Company Name	Company Description	Proceeds Received	Instrument Type
Full Repayment	July 31, 2023	NuSource Financial, LLC*	Provider of technology integration and installation of Automated Teller Machines/Integrated Teller Machines, maintenance services, and security solutions	$10,984,910	Senior Secured – First Lien

* Existing portfolio company

Effective July 1, 2023, the ArborWorks Acquisition, LLC term loan and revolver were placed on non-accrual status.

Credit Facility

The outstanding balance under the Credit Facility as of August 9, 2023 was $187,200,000.

SBA-guaranteed Debentures

The total balance of SBA-guaranteed debentures outstanding as of August 9, 2023 was $322,720,000.

Dividends Declared

On July 14, 2023, the Board declared a regular monthly dividend for each of July 2023, August 2023, and September 2023 as follows:

	Ex-Dividend	Record	Payment	Amount per
Declared	Date	Date	Date	Share
7/14/2023	7/28/2023	7/31/2023	8/15/2023	$	0.1333
7/14/2023	8/30/2023	8/31/2023	9/15/2023	$	0.1333
7/14/2023	9/28/2023	9/29/2023	10/13/2023	$	0.1333