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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 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Debt Instrument [Line Items]        
Interest expense $ 2,608,663 $ 2,443,009 $ 5,222,714 $ 4,843,727
Debenture fee amortization 236,004 306,850 550,059 624,358
Total interest and financing expenses $ 2,844,667 $ 2,749,859 $ 5,772,773 $ 5,468,085
Weighted average interest rate 3.20% 3.10% 3.20% 3.10%
Effective interest rate (including fee amortization) 3.50% 3.50% 3.60% 3.50%
Average debt outstanding $ 325,000,000 $ 313,600,000 $ 325,000,000 $ 313,600,000
Cash paid for interest     $ 5,201,848 $ 4,680,999