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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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Debt Instrument [Line Items]        
Interest expense $ 2,637,331 $ 2,559,727 $ 7,860,045 $ 7,403,454
Debenture fee amortization 234,704 313,889 784,763 938,247
Total interest and financing expenses $ 2,872,035 $ 2,873,616 $ 8,644,808 $ 8,341,701
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 $ 323,017,391 $ 325,000,000 $ 316,773,626
Cash paid for interest $ 5,268,363 $ 4,965,850 $ 10,470,211 $ 9,646,849