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SBA-GUARANTEED DEBENTURES - Schedule of Interest Expense and Amortized Fees on SBA-guaranteed Debentures (Details) - SBA-guaranteed Debentures - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Debt Instrument [Line Items]    
Interest expense $ 2,614,051 $ 2,400,718
Debenture fee amortization 314,055 317,508
Total interest and financing expenses $ 2,928,106 $ 2,718,226
Weighted average interest rate 3.20% 3.10%
Effective interest rate (including fee amortization) 3.60% 3.50%
Average debt outstanding $ 325,000,000 $ 313,600,000
Cash paid for interest $ 5,201,848 $ 4,680,999