XML 68 R58.htm IDEA: XBRL DOCUMENT v3.23.2
SBA-GUARANTEED DEBENTURES (Details)
6 Months Ended
Oct. 02, 2019
Oct. 01, 2019
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jun. 30, 2022
USD ($)
Aug. 12, 2014
USD ($)
Debt Instrument [Line Items]            
SBA-guaranteed debentures     $ 313,600,000   $ 293,600,000  
Increase in debt regulatory limit           $ 325,000,000
SBIC Assets     901,772,557 $ 898,182,782    
SBA-guaranteed Debentures            
Debt Instrument [Line Items]            
SBA-guaranteed debentures     $ 308,519,553 307,895,195    
Debt securities maturity     10 years      
Upfront fee 3.435 3.425        
Commitment fee 1.00% 1.00%        
Issuance discount 2.435 2.425        
Deferred financing cost     $ 10,871,160 10,871,160    
Prepaid loan structure fees and administration fees     $ 5,080,447 5,704,805    
SBIC Subsidiary            
Debt Instrument [Line Items]            
Leverage limit     2      
SBIC subsidiary regulatory capital     $ 75,000,000 75,000,000    
SBA-guaranteed debentures     150,000,000 150,000,000    
SBIC Assets     $ 482,542,641 $ 470,659,123    
Percentage of subsidiary assets in consolidated assets     53.5 52.4    
SBIC Subsidiary II            
Debt Instrument [Line Items]            
SBIC subsidiary regulatory capital     $ 87,500,000 $ 87,500,000    
SBA-guaranteed debentures     $ 163,600,000