XML 79 R68.htm IDEA: XBRL DOCUMENT v3.25.2
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, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Debt Instrument [Line Items]        
Interest expense $ 2,492,308 $ 2,608,663 $ 5,032,668 $ 5,222,714
Debenture fee amortization 182,276 236,004 371,260 550,059
Total interest and financing expenses $ 2,674,584 $ 2,844,667 $ 5,403,928 $ 5,772,773
Weighted average interest rate 3.20% 3.20% 3.20% 3.20%
Effective interest rate (including fee amortization) 3.50% 3.50% 3.50% 3.60%
Average debt outstanding $ 308,750,000 $ 325,000,000 $ 312,700,276 $ 325,000,000
Cash paid for interest     $ 5,188,661 $ 5,201,848