Borrowings (Tables)

6 Months Ended

Jun. 30, 2023

Borrowings [Abstract]

Debt Obligations

Debt obligations consisted of the following as of June 30, 2023:

Total Debt Outstanding	$	13,500,000
Average Debt Outstanding	$	1,616,667
Effective Interest Rate		8.49	%
Weighted Average Interest Rate		8.49	%
Asset Coverage Ratio		1,679	%

Interest Expense Related to Secured Credit Facility

For the three and six months ended June 30, 2023, the components of interest expense related to the Secured Credit Facility were as follows:

	Three Months Ended June 30, 2023		For the Six Months Ended June 30, 2023
Borrowing interest expense	$	22,875	$	22,875
Unused facility fee		505,639		505,639
Amortization of deferred financing costs		133,881		133,881
Total interest and debt financing expense	$	662,395	$	662,395