10-K/A
Table of Contents
trueFY0001571329--12-31All debt investments are income producing. Equity and warrant investments are non-income producing, unless otherwise noted. Gross reductions include decreases in the cost basis of investments resulting from principal repayments and sales. Gross reductions also include transfers out of Affiliate or Control classification. Represents the total amount of interest, original issue discount, fees and dividends credited to income for the portion of the year an investment was included in Affiliate or Control categories, respectively. Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments, accrued PIK and accretion of original issue discount. Gross additions also include transfers into Affiliate or Control classification. Shares and amount per share have been adjusted for the periods shown to reflect the one-for-six reverse stock split effected on August 21, 2020 on a retroactive basis, as described in Note 1.The ratio of waived incentive fees to average net assets was 0.00%, 0.00%, 0.17%, 0.00%, and 0.40%, for the years ended December 31, 2021, 2020, 2019, 2018 and 2017, respectively.All investments valued using unobservable inputs (Level 3), unless otherwise noted.All investments valued by Logan Ridge Finance Corporation’s (the “Company”) board of directors.All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.Percentages are based on net assets as of December 31, 2021.The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.As defined in the Investment Company Act, the investment is deemed to be a “controlled affiliated person” of the Company because the Company owns, either directly or indirectly, 25% or more of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.Par amount is presented for debt investments, while the number of shares or units owned is presented for equity investments.As defined in the Investment Company Act, the investment is deemed to be an “affiliated person” of the Company because the Company owns, either directly or indirectly, 5% or more of the portfolio company’s outstanding voting securities.Percentages are based on net assets of $108,947 as of December 31, 2020.Investment is valued using observable inputs (Level 1). The stock of the company is traded on the NASDAQ Capital Market under the ticker “USWS.”Represents the actual interest rate for partially or fully funded debt in effect as of the reporting date. Variable rate loans bear interest at a rate that may be determined by the larger of the floor of the reference to either LIBOR (“L”) or alternate base rate (commonly known as the U.S. Prime Rate (“P”), unless otherwise noted) at the borrower’s option, which reset periodically based on the terms of the credit agreement. L loans are typically indexed to 12 month, 6 month, 3 month, 2 month, or 1 month L rates. As of December 31, 2020, rates for the 12 month, 6 month, 3 month, 2 month and 1 month L are 0.34%, 0.26%, 0.24%, 0.19% and 0.14%, respectively. As of December 31, 2020, P was 3.25%. For investments with multiple reference rates or alternate base rates, the interest rate shown is the weighted average interest rate in effect at December 31, 2020.The maturity date of the original investment has been extended.The cash rate equals the approximate current yield on our last-out portion of the unitranche facility.Represents the actual interest rate for partially or fully funded debt in effect as of the reporting date. Variable rate loans bear interest at a rate that may be determined by the larger of the floor of the reference to either LIBOR (“L”) or alternate base rate (commonly known as the U.S. Prime Rate (“P”), unless otherwise noted) at the borrower’s option, which reset periodically based on the terms of the credit agreement. L loans are typically indexed to 12 month, 6 month, 3 month, 2 month, or 1 month L rates. As of December 31, 2021, rates for the 12 month, 6 month, 3 month, 2 month and 1 month L are 0.58%, 0.34%, 0.21%, 0.15% and 0.10%, respectively. As of December 31, 2021, P was 3.25%. For investments with multiple reference rates or alternate base rates, the interest rate shown is the weighted average interest rate in effect at December 31, 2021. All or a portion of this security is pledged as collateral under the KeyBank Credit Facility and held through the Company’s wholly-owned subsidiary, Capitala Business Lending, LLC. 15.0% of interest payable in cash or paid-in-kind at borrower’s election.Shares of the Company’s common stock and shares issued under the Company’s dividend reinvestment plan have been adjusted for the periods shown to reflect the one-for-six reverse stock split effected on August 21, 2020 on a retroactive basis, as described in Note 1. The Consolidated Statement of Operations for the year ended December 31, 2021 has been restated to incorporate the financial statement line item “Total federal tax provision (benefit), net (Note 9)” which was zero. There were no changes to Total investment income, Total expenses, Total net realized and change in unrealized (loss) gain on investments, or the Net decrease in net assets resulting from operations. See Notes 1 and 9 for additional information.CLO Subordinated Investments are entitled to periodic distributions which are generally equal to the remaining cash flow of the payments made by the underlying fund’s investments less contractual payments to debt holders and fund expenses. The estimated annualized effective yield indicated is based upon a current projection of the amount and timing of these distributions. Such projections are updated on a quarterly basis and the estimated effective yield is adjusted prospectively. The investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets. As of December 31, 2021, qualifying assets represent 96.2% of the Company’s total assets and non-qualifying assets represent 3.2% of the Company’s total assets.The investment has a $4.0 million unfunded commitment.Indicates assets that the Company believes do not represent “qualifying assets” under Section 55(a) of the Investment Company Act of 1940, as amended. Qualifying assets must represent at least 70% of the Company’s total assets at the time of acquisition of any additional non-qualifying assets. As of December 31, 2020, 1.1% of the Company’s total assets were non-qualifying assets.The equity investment is income producing, based on rate disclosed. The weighted averages disclosed in the table above were weighted by their relative fair value.1.0% of interest payable in cash. 9.0% of interest payable in cash or paid-in-kind at borrower’s election.9.0% of interest payable in cash. 2.0% of interest payable in cash or paid-in-kind at borrower’s election. Non-accrual investment.The investment has a $1.0 million unfunded commitment.The investment has a $3.0 million unfunded commitment.The investment has been exited or sold. The residual value reflects estimated earnout, escrow, or other proceeds expected post-closing.The investment has a $1.3 million unfunded commitment. Basic and diluted shares of the Company’s common stock have been adjusted for the periods shown to reflect the one-for-six reverse stock split effected on August 21, 2020 on a retroactive basis, as described in Note 1.Investment is held through our Taxable Subsidiary (See Note 1).The investment has a $3.5 million unfunded commitment.Based on principal amount outstanding at period end.The investment has a $0.3 million unfunded commitment.The investment has a $3.3 million unfunded commitment.The investment has a $1.9 million unfunded commitment.The investment has a $2.5 million unfunded commitment.The investment has a $0.9 million unfunded commitment.The investment has a $2.0 million unfunded commitment.The investment has a $0.7 million unfunded commitment.The Company is in liquidation. The fair value represents Management’s estimate of future expected proceeds on the term loan, which Management believes approximates the exit price. The Company received a cash payment of $0.5 million during the fourth quarter of 2021, which reduced the cost basis of the term loan.The investment has a $5.0 million unfunded commitment.Dividends paid per share of the Company’s common stock have been adjusted for the periods shown to reflect the one-for-six reverse stock split effected on August 21, 2020 on a retroactive basis, as described in Note 1. Shares and per share data have been adjusted for the periods shown to reflect the one-for-six reverse stock split effected on August 21, 2020 on a retroactive basis, as described in Note 1.Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value.Based on daily weighted average balance of debt outstanding during the period.Based on daily weighted average balance of shares of the Company’s common stock outstanding during the period.Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. Also includes the impact of shares of the Company’s common stock issued under the Company’s DRIP.Total investment return is calculated assuming a purchase of common shares at the current market value on the first day and a sale at the current market value on the last day of the period reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the Company’s DRIP. Total investment return does not reflect brokerage commissions.$0.6 million in first lien debt, less than $0.1 million in second lien debt, and $0.6 million in equity and warrants were valued using the asset approach.$4.8 million in first lien debt, $0.9 million in second lien debt, and $4.4 million in equity and warrants were valued using the asset approach. 0001571329 2020-12-31 0001571329 2021-12-31 0001571329 2021-01-01 2021-12-31 0001571329 2020-01-01 2020-12-31 0001571329 2019-01-01 2019-12-31 0001571329 2019-12-31 0001571329 2021-01-01 2021-03-31 0001571329 2021-04-01 2021-06-30 0001571329 2021-07-01 2021-09-30 0001571329 2021-10-01 2021-12-31 0001571329 2020-10-01 2020-12-31 0001571329 2020-07-01 2020-09-30 0001571329 2020-04-01 2020-06-30 0001571329 2020-01-01 2020-03-31 0001571329 2020-08-21 2020-08-21 0001571329 2018-01-01 2018-12-31 0001571329 2017-01-01 2017-12-31 0001571329 2013-09-24 2013-09-24 0001571329 2020-07-30 2020-07-30 0001571329 2020-08-03 0001571329 2017-12-31 0001571329 2018-12-31 0001571329 2022-01-01 2022-12-31 0001571329 2022-03-07 0001571329 2021-06-30 0001571329 2013-09-24 0001571329 2015-04-13 2015-04-13 0001571329 2021-09-30 0001571329 2021-03-31 0001571329 2020-09-30 0001571329 2020-06-30 0001571329 2020-03-31 0001571329 2016-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerMember 2021-12-31 0001571329 us-gaap:InvestmentUnaffiliatedIssuerMember 2021-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerControlledMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:AssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:AssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:AssetApproachValuationTechniqueMember 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC First Lien Debt 2021-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt 2021-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt One 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC Second Lien Debt 2021-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Second Lien Debt 2021-12-31 0001571329 Control investments Vology, Inc. First Lien Debt 2021-12-31 0001571329 Affiliate investments Eastport Holdings, LLC Second Lien Debt 2021-12-31 0001571329 srt:MinimumMember lrfc:ControlInvestmentsMember 2021-12-31 0001571329 lrfc:ControlInvestmentsMember 2021-12-31 0001571329 srt:MinimumMember lrfc:NonControlledAffiliatedInvestmentsMember 2021-12-31 0001571329 lrfc:FirstLienDebtMember 2021-12-31 0001571329 lrfc:SecondLienDebtMember 2021-12-31 0001571329 us-gaap:SubordinatedDebtMember 2021-12-31 0001571329 us-gaap:EquitySecuritiesMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:SubordinatedDebtMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember 2021-12-31 0001571329 Affiliate investments Eastport Holdings, LLC ship Units 2021-12-31 0001571329 Affiliate investments GA Communications, Inc. Series A-1 Preferred Stock 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class B 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings LLC Common Stock Class A 2021-12-31 0001571329 Control investments Vology, Inc. Class A Preferred Units 2021-12-31 0001571329 Control investments Vology, Inc. ship Units 2021-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Common Stock 2021-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC ship Units 2021-12-31 0001571329 Affiliate investments RAM Payment, LLC Preferred Units 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Class A Preferred Stock 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Common Stock 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC Preferred Units 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC Common ship Units 2021-12-31 0001571329 Affiliate investments GA Communications, Inc. Series B-1 Common Stock 2021-12-31 0001571329 Affiliate investments LJS Partners, LLC Preferred Units 2021-12-31 0001571329 Affiliate investments LJS Partners, LLC Common ship Units 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember us-gaap:MeasurementInputRevenueMultipleMember lrfc:EnterpriseMarketValueApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:SubordinatedDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputRevenueMultipleMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember lrfc:MeasurementInputRequiredRateOfReturnMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputBrokerDealerQuotesMember us-gaap:MarketApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputRevenueMultipleMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember lrfc:IncomeAndAssetMember 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2021-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2021-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2021-12-31 0001571329 lrfc:ExcludingTaxableSubsidiariesMember 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | First Lien/Senior Secured Debt 2021-12-31 0001571329 Investments in Controlled Portfolio Companies 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | Investments 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | Preferred Stock and Units 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001571329 us-gaap:FairValueInputsLevel1Member 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001571329 us-gaap:FairValueInputsLevel2Member 2021-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember us-gaap:FairValueInputsLevel3Member 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember us-gaap:FairValueInputsLevel3Member 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:WeightedAverageMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MinimumMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MaximumMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MinimumMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MaximumMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MinimumMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MaximumMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputEbitdaMultipleMember srt:WeightedAverageMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputRevenueMultipleMember srt:MinimumMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputRevenueMultipleMember srt:MaximumMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputRevenueMultipleMember srt:WeightedAverageMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:WeightedAverageMember us-gaap:IncomeApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MinimumMember lrfc:IncomeAndAssetMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MaximumMember lrfc:IncomeAndAssetMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:WeightedAverageMember lrfc:IncomeAndAssetMember 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. First Lien Debt 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC First Lien Debt 2021-12-31 0001571329 lrfc:ControlledAffiliatedInvestmentsMember srt:MinimumMember 2021-12-31 0001571329 lrfc:NonControlledAffiliatedInvestmentsMember srt:MinimumMember 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accordion Partners LLC | Industrials | 6.50% | L+5.50% | 0.01% | 09/24/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accurate Background, LLC | Information Technology | 7.00% | L+6.00% | 0.01 | 03/26/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Alternative Biomedical Solutions, LLC | Healthcare | 8.00% | 12/18/2022 | 1 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Clinical Solutions, LLC | Healthcare | 7.00% | 12/31/2022 | 1 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AP Core Holdings II, LLC | Information Technology | 6.25% | L+5.50% | 0.0075% | 07/21/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AP Core Holdings II, LLC | Information Technology | 6.25% | L+5.50% | 0.0075% | 07/21/2027 | One 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | BLST Operating Company, LLC | Online Merchandise Retailer | 10.00% | L+8.50% | 0.015% | 08/28/2025 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | Ivanti Software, Inc. | Information Technology | 7.75% | L+7.25% | 0.005% | 12/01/2028 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | Mandolin Technology Intermediate Holdings, Inc. | Information Technology | 7.00% | L+6.50% | 0.005% | 07/23/2029 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | Tubular Textile Machinery, Inc. | Textile Equipment Manufacturer | 5.00% | 10/29/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Marble Point Credit Management LLC (Revolver) | Financials | 7.00% | L+6.00% | 0.01% | 08/11/2028 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Premier Imaging, LLC | Healthcare | 7.00% | L+6.00% | 0.01% | 12/29/2028 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Rotolo Consultants, Inc. | Industrials | 9.00% | L+8.00% | 0.01% | 12/21/2026 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Sequoia Healthcare Management, LLC | Healthcare Management | 12.80% | 01/14/2022 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Wealth Enhancement Group, LLC | Financials | 6.75% | L+5.75% | 0.01% | 10/02/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Wealth Enhancement Group, LLC (Revolver) | Financials | 6.75% | L+5.75% | 0.01% | 10/02/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | JO ET Holdings Limited | Information Technology | 14.00% | L+6.00%, 7 PIK | 1.00% | 12/15/2026 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Jurassic Quest Holdings, LLC | Entertainment | 9.50% | L+7.50% | 0.02% |05/01/2024 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Keg Logistics LLC | Consumer Discretionary | 7.00% | L+6.00% | 0.01% | 11/23/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Keg Logistics LLC (Revolver) | Consumer Discretionary | 7.00% | L+6.00% | 0.01% | 11/23/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Lucky Bucks, LLC | Consumer Discretionary | 6.25% | L+5.50% | 0.0075% | 07/21/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Marble Point Credit Management LLC | Financials | 7.00% | L+6.00% | 0.01% | 08/11/2028 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Bradshaw International, Inc. | Consumer Discretionary | 6.75% | L+5.75% | 0.01% | 10/21/2027 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Bradshaw International, Inc. (Revolver) | Consumer Discretionary | 6.75% | L+5.75% | 0.01% | 10/21/2026 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Critical Nurse Staffing, LLC | Healthcare | 7.00% | L+6.00% | 0.01% | 10/30/2026 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Freedom Electronics, LLC (First Out) | Electronic Machine Repair | 7.00% | L+5.00% | 0.02% | 12/20/2023 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Freedom Electronics, LLC (Last Out) | Electronic Machine Repair | 8.67% | 12/20/2023 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | HUMC Opco, LLC | Healthcare | 9.00% | 01/14/2022 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | JMP CLO IV Ltd. | Financials | 07/17/2029 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | JMP CLO V Ltd. | Financials | 07/17/2030 2021-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2021-12-31 0001571329 us-gaap:LineOfCreditMember 2021-12-31 0001571329 lrfc:DividendDeclaredAprilOneTwoThousandNineteenMember 2021-12-31 0001571329 lrfc:DividendDeclaredJulyOneTwoThousandNineteenMember 2021-12-31 0001571329 lrfc:DividendDeclaredOctoberOneTwoThousandNineteenMember 2021-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandTwentyMember 2021-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandNineteenMember 2021-12-31 0001571329 country:US 2021-12-31 0001571329 lrfc:OnlineMerchandiseRetailerMember lrfc:BLSTOperatingCompanyLLCMember 2021-12-31 0001571329 lrfc:KeyBankCreditFacilityMember 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accordion Partners LLC (Revolver) | Industrials | L+5.50% | 0.01% | 09/30/2026 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Critical Nurse Staffing, LLC (Revolver) | Healthcare | L+6.00% | 0.01% | 10/30/2026 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | J5 Infrastructure Partners, LLC (Revolver) | Wireless Deployment Services | L+6.50% | 0.018% | 12/20/2024 2021-12-31 0001571329 lrfc:OilAndGasEngineeringAndConsultingServicesMember lrfc:SierraHamiltonHoldingsCorporationMember 2021-12-31 0001571329 srt:MinimumMember 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | BigMouth, Inc. | Consumer Products | 11/14/2021 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Freedom Electronics, LLC | Electronic Machine Repair 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Burke America Parts Group, LLC | Home Repair Parts Manufacturer 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series B | Healthcare 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series A | Healthcare 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | MicroHoldco, LLC | General Industrial | 1 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | U.S. BioTek Laboratories, LLC - Class C | Testing Laboratories 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC - Class A | Testing Laboratories 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Jurassic Quest Holdings, LLC | Entertainment 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series C | Healthcare 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC - Class D | Testing Laboratories 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC | Healthcare 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | American Clinical Solutions, LLC - Class A | Healthcare 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC - ship Unit Warrants | Healthcare 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | BLST Operating Company, LLC - Class A | Online Merchandise Retailer 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Taylor Precision Products, Inc. - Series C | Household Product Manufacturer 2021-12-31 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember 2021-12-31 0001571329 lrfc:TaxableSubsidiariesMember 2021-12-31 0001571329 lrfc:AdjustmentOfTaxableSubsidiariesMember 2021-12-31 0001571329 lrfc:PremierImagingLLCMember 2021-12-31 0001571329 lrfc:MarblePointCreditManagementLLCMember 2021-12-31 0001571329 lrfc:WealthEnhancementGroupMember 2021-12-31 0001571329 lrfc:CriticalNurseStaffingMember 2021-12-31 0001571329 lrfc:J5InfraStructurePartnersMember 2021-12-31 0001571329 lrfc:KegLogisticsLLCMember 2021-12-31 0001571329 lrfc:AccordionPartnersMember 2021-12-31 0001571329 lrfc:BradshawInternationalIncMember 2021-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | First Lien/Senior Secured Debt | Vology, Inc. | Information Technology | 10.50% | L + 8.50% | 2.00% | 03/31/2022 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services | 15.00% | 09/12/2023 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 6.00% | 01/31/2022 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Eastport Holdings, LLC | Business Services | 13.50% | L + 13.00% | 0.50% | 04/30/2022 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC (Last Out) | Financial Services | 9.86% | 01/04/2024 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC (First Out) | Financial Services | 6.50% | L + 5.00% | 1.50% | 01/04/2024 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 12.00% | 01/31/2022 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | RAM Payment, LLC | Financial Services | 8.00% PIK 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | MMI Holdings, LLC | Medical Device Distributor | 6.00% PIK 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | V12 Holdings, Inc. | Data Processing & Digital Marketing 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | LJS Partners LLC | QSR Franchisor | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GA Communications, Inc. - Series A-1 | Advertising & Marketing Services 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC - Class B | Automobile Part Manufacturer 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC - Class A | Automobile Part Manufacturer 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | Preferred Stock and Units | Vology, Inc. - Class A | Information Technology 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Nth Degree Investment Group, LLC | Business Services 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | GA Communications, Inc. - Series B-1 | Advertising & Marketing Services 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | LJS Partners, LLC | QSR Franchisor 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | MMI Holdings, LLC | Medical Device Distributor 2021-12-31 0001571329 Total Investments 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Eastport Holdings, LLC | Business Services 2021-12-31 0001571329 lrfc:MarblePointCreditManagementLLCRevolverMember 2021-12-31 0001571329 lrfc:WealthEnhancementGroupLLCMember 2021-12-31 0001571329 lrfc:WealthEnhancementGroupLlcRevolverMember 2021-12-31 0001571329 lrfc:KegLogisticsLLCRevolverMember 2021-12-31 0001571329 lrfc:AccordionPartnersLLCMember 2021-12-31 0001571329 lrfc:J5InfrastructurePartnersLLCRevolverMember 2021-12-31 0001571329 lrfc:CriticalNurseStaffingLLCRevolverMember 2021-12-31 0001571329 lrfc:CriticalNurseStaffingLLCMember 2021-12-31 0001571329 lrfc:BradshawInternationalIncRevolverMember 2021-12-31 0001571329 lrfc:AccordionPartnersLLCRevolverMember 2021-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerMember 2020-12-31 0001571329 us-gaap:InvestmentUnaffiliatedIssuerMember 2020-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerControlledMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:AssetApproachValuationTechniqueMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:AssetApproachValuationTechniqueMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:AssetApproachValuationTechniqueMember 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt One 2020-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Second Lien Debt 2020-12-31 0001571329 Affiliate investments Navis Holdings, Inc. First Lien Debt 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC First Lien Debt 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC Second Lien Debt 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt 2020-12-31 0001571329 Affiliate investments Eastport Holdings, LLC Second Lien Debt 2020-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC First Lien Debt 2020-12-31 0001571329 Control investments Vology, Inc. First Lien Debt 2020-12-31 0001571329 lrfc:FirstLienDebtMember 2020-12-31 0001571329 lrfc:SecondLienDebtMember 2020-12-31 0001571329 us-gaap:EquitySecuritiesMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel1Member 2020-12-31 0001571329 Control investments Vology, Inc. ship Units 2020-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class B 2020-12-31 0001571329 Affiliate investments Burgaflex Holdings LLC Common Stock Class A 2020-12-31 0001571329 Control investments Vology, Inc. Class A Preferred Units 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC Preferred Units 2020-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Common Stock 2020-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Class A Preferred Stock 2020-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Common Stock 2020-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC ship Units 2020-12-31 0001571329 Affiliate investments LJS Partners, LLC Preferred Units 2020-12-31 0001571329 Affiliate investments LJS Partners, LLC Common ship Units 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC Preferred Units 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC Common ship Units 2020-12-31 0001571329 Affiliate investments GA Communications, Inc. Series A-1 Preferred Stock 2020-12-31 0001571329 Affiliate investments GA Communications, Inc. Series B-1 Common Stock 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember us-gaap:IncomeApproachValuationTechniqueMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:EnterpriseValueWaterfallAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember lrfc:IncomeAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:EquityAndWarrantsMember us-gaap:MeasurementInputEbitdaMultipleMember lrfc:EnterpriseValueWaterfallAndAssetMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2020-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2020-12-31 0001571329 lrfc:ExcludingTaxableSubsidiariesMember 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Investments 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Common Stock and ship Units 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Preferred Stock and Units 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | First Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Controlled Portfolio Companies 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember us-gaap:FairValueInputsLevel1Member 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember us-gaap:FairValueInputsLevel1Member 2020-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember us-gaap:FairValueInputsLevel3Member 2020-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember us-gaap:FairValueInputsLevel2Member 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember us-gaap:FairValueInputsLevel2Member 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember us-gaap:FairValueInputsLevel3Member 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember us-gaap:FairValueInputsLevel3Member 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember us-gaap:FairValueInputsLevel2Member 2020-12-31 0001571329 us-gaap:FairValueInputsLevel2Member 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:EquityAndWarrantsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MinimumMember lrfc:EnterpriseValueWaterfallAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:EquityAndWarrantsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MaximumMember lrfc:EnterpriseValueWaterfallAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:EquityAndWarrantsMember us-gaap:MeasurementInputEbitdaMultipleMember srt:WeightedAverageMember lrfc:EnterpriseValueWaterfallAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:EquityAndWarrantsMember us-gaap:MeasurementInputRevenueMultipleMember srt:MinimumMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:EquityAndWarrantsMember us-gaap:MeasurementInputRevenueMultipleMember srt:MaximumMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:EquityAndWarrantsMember us-gaap:MeasurementInputRevenueMultipleMember srt:WeightedAverageMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputRevenueMultipleMember srt:MinimumMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputRevenueMultipleMember srt:MaximumMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputRevenueMultipleMember srt:WeightedAverageMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MinimumMember lrfc:IncomeAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MaximumMember lrfc:IncomeAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:WeightedAverageMember lrfc:IncomeAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MinimumMember us-gaap:IncomeApproachValuationTechniqueMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:MaximumMember us-gaap:IncomeApproachValuationTechniqueMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember srt:WeightedAverageMember us-gaap:IncomeApproachValuationTechniqueMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MinimumMember lrfc:EnterpriseValueWaterfallAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MaximumMember lrfc:EnterpriseValueWaterfallAndAssetMember 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember us-gaap:MeasurementInputEbitdaMultipleMember srt:WeightedAverageMember lrfc:EnterpriseValueWaterfallAndAssetMember 2020-12-31 0001571329 Control investments Capitala Senior Loan Fund II, LLC Second Lien Debt 2020-12-31 0001571329 lrfc:NonControlledAffiliatedInvestmentsMember srt:MinimumMember 2020-12-31 0001571329 lrfc:ControlledAffiliatedInvestmentsMember srt:MinimumMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2020-12-31 0001571329 us-gaap:LineOfCreditMember 2020-12-31 0001571329 Control investments Capitala Senior Loan Fund II, LLC ship Units 2020-12-31 0001571329 Affiliate investments Eastport Holdings, LLC ship Units 2020-12-31 0001571329 lrfc:DividendDeclaredAprilOneTwoThousandNineteenMember 2020-12-31 0001571329 lrfc:DividendDeclaredJulyOneTwoThousandNineteenMember 2020-12-31 0001571329 lrfc:DividendDeclaredOctoberOneTwoThousandNineteenMember 2020-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandTwentyMember 2020-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandNineteenMember 2020-12-31 0001571329 country:US 2020-12-31 0001571329 lrfc:OnlineMerchandiseRetailerMember lrfc:BLSTOperatingCompanyLLCMember 2020-12-31 0001571329 lrfc:SalesAndMarketingServicesMember lrfc:CorporateVisionsIncMember 2020-12-31 0001571329 lrfc:KeyBankCreditFacilityMember 2020-12-31 0001571329 srt:MinimumMember 2020-12-31 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember 2020-12-31 0001571329 lrfc:TaxableSubsidiariesMember 2020-12-31 0001571329 lrfc:AdjustmentOfTaxableSubsidiariesMember 2020-12-31 0001571329 lrfc:RapidFireProtectionMember 2020-12-31 0001571329 lrfc:J5InfraStructurePartnersMember 2020-12-31 0001571329 lrfc:FreedomElectronicsLlcMember 2020-12-31 0001571329 lrfc:U.s.BiotekLaboratoriesLlcMember 2020-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoDebenturesTwoMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyOneDebenturesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyThreeDebenturesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoDebenturesOneMember 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Chicken Soup for the Soul, LLC | Multi-platform media and consumer products | 10.00% | L + 8.5% | 1.50%| 2/22/2022 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Chief Fire Intermediate, Inc. | Security System Services | 8.60% | L + 7.0% | 1.60%| 11/8/2024 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | CIS Secure Computing, Inc. | Government Services | 9.50% | L + 8.5%, 1.0% PIK | 1.00% | 9/14/2022 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Currency Capital, LLC | Financial Services | 12.5% | L + 12.0%, 4.0% PIK | 0.50%| 7/20/2021 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | Corporate Visions, Inc. | Sales & Marketing Services | 11.00% | 11/29/2021 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | BLST Operating Company, LLC | Online Merchandise Retailer | 10.00% | L + 8.5% | 1.50%| 8/28/2025 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Rapid Fire Protection, Inc. | Security System Services | 5.50% | L + 3.8% | 1.70%| 11/22/2024 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Rapid Fire Protection, Inc. | Security System Services | 8.90% | 11/22/2024 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Seitel, Inc. | Data Services | 9.30% | L + 8.3%, 2.0% PIK 1.00%| 3/15/2023 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Sequoia Healthcare Management, LLC | Healthcare Management | 12.80% | 1/11/2021 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | U.S. BioTek Laboratories, LLC | Testing Laboratories | 7.00% | L + 5.0% | 2.00%| 12/14/2023 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | U.S. BioTek Laboratories, LLC | Testing Laboratories | 9.30% | 12/14/2023 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Freedom Electronics, LLC | Electronic Machine Repair | 7.00% | L + 5.0% | 2 | 12/20/2023 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Freedom Electronics, LLC | Electronic Machine Repair | 8.70% | 12/20/2023 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | HUMC Opco, LLC | Healthcare | 9.00% | 01-11-2021 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | J5 Infrastructure Partners, LLC | Wireless Deployment Services | 8.30% | L + 6.5% | 1.80%| 12/20/2024 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | J5 Infrastructure Partners, LLC | Wireless Deployment Services | 8.30% | L + 6.5% | 1.80%| 12/20/2024 One 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Jurassic Quest Holdings, LLC | Entertainment | 9.50% | L + 7.5% | 2.00%| 12/20/2023 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | 3 Bridge Solutions, LLC | IT Consulting | 13.00% | 12/4/2022 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Alternative Biomedical Solutions, LLC | Healthcare | 8.00% | 12/18/2022 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Clinical Solutions, LLC | Healthcare | 7.00% | 12/31/2022 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Clinical Solutions, LLC | Healthcare | 7.00% | 6/30/2021 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AmeriMark Direct, LLC | Consumer Products | 14.00%| 1.3% PIK | 9/8/2021 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | BigMouth, Inc. | Consumer Products | 9.00% | L + 8.5% | 0.50%| 11/14/2021 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 12.00% | 9/30/2021 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | Burgaflex Holdings, LLC | Automobile Part Manufacturer | 12.00% | 3.0% PIK | 3/23/2021 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Total First Lien/Senior Secured Debt | Vology, Inc. | Information Technology | 10.50% | L + 8.5% | 2.00% | 12/31/2021 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 6.00% | 9/30/2021 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Eastport Holdings, LLC | Business Services | 13.50% | L + 13.0% | 0.50% | 12/29/2021 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC | Financial Services | 9.80% | 1/4/2024 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC | Financial Services | 6.50% | L + 5.0% | 1.50% | 1/4/2024 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | Navis Holdings, Inc. | Textile Equipment Manufacturer | 9.00% | 2.0% PIK | 6/30/2023 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | MMI Holdings, LLC | Medical Device Distributor | 6.0% PIK 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | RAM Payment, LLC | Financial Services | 8.0% PIK 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services | 15.0% PIK | 45269 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | V12 Holdings, Inc. | Data Processing & Digital Marketing | 11/21/2016 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | LJS Partners LLC | QSR Franchisor 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GA Communications, Inc. Series A1 | Advertising & Marketing Services 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Unit | LJS Partners, LLC | QSR Franchisor 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | GA Communications, Inc. Series B1 | Advertising & Marketing Services 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC Class A | Automobile Part Manufacturer 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC Class B | Automobile Part Manufacturer 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC - ship Unit Warrants| Healthcare 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | Navis Holdings, Inc. - Class A | Textile Equipment Manufacturer 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Sierra Hamilton Holdings Corporation | Oil and Gas Engineering and Consulting Services 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Unit | Nth Degree Investment Group, LLC | Business Services 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Navis Holdings, Inc. | Textile Equipment Manufacturer 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Unit | MMI Holdings, LLC | Medical Device Distributor 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Common Stock and ship Units | Vology, Inc. | Information Technology 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Total Preferred Stock and Units | Vology, Inc. - Class A | Information Technology 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Chief Fire Intermediate, Inc. - Class B | Security System Services 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | U.S. Well Services, Inc. - Class A | Oil & Gas Services 2020-12-31 0001571329 Investments in Non Control, Non Affiliate Portfolio Companies | Common Stock and ship Units | U.S. BioTek Laboratories, LLC - Class C | Testing Laboratories 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Rapid Fire Protection, Inc. | Security System Services 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Freedom Electronics, LLC | Electronic Machine Repair 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Corporate Visions, Inc. | Sales & Marketing Services 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | CIS Secure Computing, Inc. | Government Services 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Xirgo Technologies, LLC | Information Technology 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series A | Healthcare 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | 3 Bridge Solutions, LLC | IT Consulting 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | MicroHoldco, LLC | General Industrial 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Jurassic Quest Holdings, LLC | Entertainment 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Currency Capital, LLC - Class A | Financial Services 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Chief Fire Intermediate, Inc.- Series C | Security System Services 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series C | Healthcare 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series B | Healthcare 2020-12-31 0001571329 Investments in Non Control, Non Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC - Class D | Testing Laboratories 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | 3 Bridge Solutions, LLC | IT Consulting 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC | Healthcare 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | American Clinical Solutions, LLC - Class A | Healthcare 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | BLST Operating Company, LLC - Class A | Online Merchandise Retailer 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Burke America Parts Group, LLC | Home Repair Parts Manufacturer 2020-12-31 0001571329 Investments in Non Control, Non Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC - Class A | Testing Laboratories 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Taylor Precision Products, Inc. - Series C | Household Product Manufacturer 2020-12-31 0001571329 Total Investments in Non-Control, Non-Affiliate Portfolio Companies 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Total Common Stock and ship Units 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Total First Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Total Second Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Total Preferred Stock and Units 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Total Preferred Stock and Units 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Total Second Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Total Common Stock and ship Units 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Eastport Holdings, LLC | Business Services 2020-12-31 0001571329 Total Investments in Affiliated Portfolio Companies 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Total First Lien/Senior Secured Debt 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Total First Lien/Senior Secured Debt 2020-12-31 0001571329 Total Investments 2020-12-31 0001571329 Total Investments in Controlled Portfolio Companies 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Total Preferred Stock and Units 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | City Gear, LLC - ship Unit Warrants | Footwear Retail 2020-12-31 0001571329 lrfc:SecuritySystemServicesMember lrfc:RapidFireProtectionInc.Member 2020-12-31 0001571329 lrfc:J5InfrastructurePartnersLLCRevolverMember 2020-12-31 0001571329 lrfc:FreedomElectronicsLlcAndUSBioTekLaboratoriesLlcMember 2020-12-31 0001571329 lrfc:RapidFireProtectionInc.Member 2020-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerControlledMember 2021-01-01 2021-12-31 0001571329 us-gaap:InvestmentUnaffiliatedIssuerMember 2021-01-01 2021-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerMember 2021-01-01 2021-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Critical Nurse Staffing, LLC | Healthcare | 7.00% | L+6.00% | 0.01% | 10/30/2026 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Bradshaw International, Inc. (Revolver) | Consumer Discretionary | 6.75% | L+5.75% | 0.01% | 10/21/2026 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Bradshaw International, Inc. | Consumer Discretionary | 6.75% | L+5.75% | 0.01% | 10/21/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | BigMouth, Inc. | Consumer Products | 11/14/2021 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AP Core Holdings II, LLC | Information Technology | 6.25% | L+5.50% | 0.0075% | 07/21/2027 | One 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AP Core Holdings II, LLC | Information Technology | 6.25% | L+5.50% | 0.0075% | 07/21/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | JO ET Holdings Limited | Information Technology | 14.00% | L+6.00%, 7 PIK | 1.00% | 12/15/2026 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | J5 Infrastructure Partners, LLC (Revolver) | Wireless Deployment Services | L+6.50% | 0.018% | 12/20/2024 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | HUMC Opco, LLC | Healthcare | 9.00% | 01/14/2022 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Freedom Electronics, LLC (Last Out) | Electronic Machine Repair | 8.67% | 12/20/2023 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Freedom Electronics, LLC (First Out) | Electronic Machine Repair | 7.00% | L+5.00% | 0.02% | 12/20/2023 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Critical Nurse Staffing, LLC (Revolver) | Healthcare | L+6.00% | 0.01% | 10/30/2026 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Marble Point Credit Management LLC (Revolver) | Financials | 7.00% | L+6.00% | 0.01% | 08/11/2028 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Marble Point Credit Management LLC | Financials | 7.00% | L+6.00% | 0.01% | 08/11/2028 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Lucky Bucks, LLC | Consumer Discretionary | 6.25% | L+5.50% | 0.0075% | 07/21/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Keg Logistics LLC (Revolver) | Consumer Discretionary | 7.00% | L+6.00% | 0.01% | 11/23/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Keg Logistics LLC | Consumer Discretionary | 7.00% | L+6.00% | 0.01% | 11/23/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Jurassic Quest Holdings, LLC | Entertainment | 9.50% | L+7.50% | 0.02% |05/01/2024 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | BLST Operating Company, LLC | Online Merchandise Retailer | 10.00% | L+8.50% | 0.015% | 08/28/2025 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Wealth Enhancement Group, LLC (Revolver) | Financials | 6.75% | L+5.75% | 0.01% | 10/02/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Wealth Enhancement Group, LLC | Financials | 6.75% | L+5.75% | 0.01% | 10/02/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Sequoia Healthcare Management, LLC | Healthcare Management | 12.80% | 01/14/2022 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Rotolo Consultants, Inc. | Industrials | 9.00% | L+8.00% | 0.01% | 12/21/2026 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Premier Imaging, LLC | Healthcare | 7.00% | L+6.00% | 0.01% | 12/29/2028 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series C | Healthcare 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series B | Healthcare 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series A | Healthcare 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | Tubular Textile Machinery, Inc. | Textile Equipment Manufacturer | 5.00% | 10/29/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | Mandolin Technology Intermediate Holdings, Inc. | Information Technology | 7.00% | L+6.50% | 0.005% | 07/23/2029 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | Ivanti Software, Inc. | Information Technology | 7.75% | L+7.25% | 0.005% | 12/01/2028 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Clinical Solutions, LLC | Healthcare | 7.00% | 12/31/2022 | 1 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Alternative Biomedical Solutions, LLC | Healthcare | 8.00% | 12/18/2022 | 1 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accurate Background, LLC | Information Technology | 7.00% | L+6.00% | 0.01 | 03/26/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accordion Partners LLC (Revolver) | Industrials | L+5.50% | 0.01% | 09/30/2026 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accordion Partners LLC | Industrials | 6.50% | L+5.50% | 0.01% | 09/24/2027 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC - Class D | Testing Laboratories 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC - Class A | Testing Laboratories 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Taylor Precision Products, Inc. - Series C | Household Product Manufacturer 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | MicroHoldco, LLC | General Industrial | 1 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Jurassic Quest Holdings, LLC | Entertainment 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC - ship Unit Warrants | Healthcare 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | American Clinical Solutions, LLC - Class A | Healthcare 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | BLST Operating Company, LLC - Class A | Online Merchandise Retailer 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Burke America Parts Group, LLC | Home Repair Parts Manufacturer 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Freedom Electronics, LLC | Electronic Machine Repair 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | JMP CLO IV Ltd. | Financials | 07/17/2029 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | JMP CLO V Ltd. | Financials | 07/17/2030 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | U.S. BioTek Laboratories, LLC - Class C | Testing Laboratories 2021-01-01 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC | Healthcare 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2021-01-01 2021-12-31 0001571329 lrfc:IngCreditFacilityMember 2021-01-01 2021-12-31 0001571329 lrfc:KeyBankCreditFacilityMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2021-01-01 2021-12-31 0001571329 lrfc:AdvisoryAgreementMember 2021-01-01 2021-12-31 0001571329 lrfc:ExpiringIn2025To2026Member 2021-01-01 2021-12-31 0001571329 lrfc:ExpiringInTwoThousandAndTwentySixMember 2021-01-01 2021-12-31 0001571329 lrfc:ExpiringInTwoThousandAndTwentyFiveMember 2021-01-01 2021-12-31 0001571329 lrfc:AdjustmentOfTaxableSubsidiariesMember 2021-01-01 2021-12-31 0001571329 lrfc:ExcludingTaxableSubsidiariesMember 2021-01-01 2021-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandNineteenMember 2021-01-01 2021-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandTwentyMember 2021-01-01 2021-12-31 0001571329 lrfc:DividendDeclaredOctoberOneTwoThousandNineteenMember 2021-01-01 2021-12-31 0001571329 lrfc:DividendDeclaredJulyOneTwoThousandNineteenMember 2021-01-01 2021-12-31 0001571329 lrfc:DividendDeclaredAprilOneTwoThousandNineteenMember 2021-01-01 2021-12-31 0001571329 srt:DirectorMember 2021-01-01 2021-12-31 0001571329 lrfc:ChairmanOfAnyOtherCommitteeMember 2021-01-01 2021-12-31 0001571329 lrfc:ChairmanMember 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC Second Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC First Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments LJS Partners, LLC 2021-01-01 2021-12-31 0001571329 Affiliate investments LJS Partners, LLC Common ship Units 2021-01-01 2021-12-31 0001571329 Affiliate investments Eastport Holdings, LLC 2021-01-01 2021-12-31 0001571329 Affiliate investments Eastport Holdings, LLC Second Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments RAM Payment, LLC Preferred Units 2021-01-01 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. 2021-01-01 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Class A Preferred Stock 2021-01-01 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. First Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC Preferred Units 2021-01-01 2021-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt One 2021-01-01 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC First Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC 2021-01-01 2021-12-31 0001571329 Control investments Total Control investments 2021-01-01 2021-12-31 0001571329 Affiliate investments Total Affiliate investments 2021-01-01 2021-12-31 0001571329 Control investments Vology, Inc. First Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Second Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation 2021-01-01 2021-12-31 0001571329 Affiliate investments RAM Payment, LLC 2021-01-01 2021-12-31 0001571329 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001571329 lrfc:TwelveMonthMember lrfc:LIBORMember 2021-01-01 2021-12-31 0001571329 lrfc:SixMonthMember lrfc:LIBORMember 2021-01-01 2021-12-31 0001571329 lrfc:ThreeMonthMember lrfc:LIBORMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoMonthMember lrfc:LIBORMember 2021-01-01 2021-12-31 0001571329 lrfc:OneMonthMember lrfc:LIBORMember 2021-01-01 2021-12-31 0001571329 lrfc:LIBORMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:FirstLienDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:FirstLienDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:SecondLienDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:SecondLienDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:EquitySecuritiesMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:SubordinatedDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:SubordinatedDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:EquitySecuritiesMember 2021-01-01 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember 2021-01-01 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember 2021-01-01 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member 2021-01-01 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember lrfc:FivePointSevenFiveFixedRateConvertibleNotesDueMayThirtyOneTwoThousandTwentyTwoMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember lrfc:SixPointZeroFixedRateNotesDueMayThirtyOneTwoThousandTwentyTwoMember 2021-01-01 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:SubordinatedDebtMember 2021-01-01 2021-12-31 0001571329 Affiliate investments City Gear, LLC 2021-01-01 2021-12-31 0001571329 Affiliate investments City Gear, LLC ship Unit Warrants 2021-01-01 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Common Stock 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionOneMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionTwoMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember lrfc:FivePointTwoFiveFixedRateConvertibleNotesDueOctoberThirtyTwoThousandTwentySixMember 2021-01-01 2021-12-31 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember 2021-01-01 2021-12-31 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:OneMonthLiborMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember us-gaap:DebtInstrumentRedemptionPeriodOneMember 2021-01-01 2021-12-31 0001571329 srt:MaximumMember lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionOneMember 2021-01-01 2021-12-31 0001571329 srt:MinimumMember lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionTwoMember 2021-01-01 2021-12-31 0001571329 Affiliate investments GA Communications, Inc. Series A-1 Preferred Stock 2021-01-01 2021-12-31 0001571329 Affiliate investments LJS Partners, LLC Preferred Units 2021-01-01 2021-12-31 0001571329 Affiliate investments Eastport Holdings, LLC ship Units 2021-01-01 2021-12-31 0001571329 Affiliate investments GA Communications, Inc. Series B-1 Common Stock 2021-01-01 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class B 2021-01-01 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings LLC Common Stock Class A 2021-01-01 2021-12-31 0001571329 Control investments Vology, Inc. Class A Preferred Units 2021-01-01 2021-12-31 0001571329 Affiliate investments V12 Holdings, Inc. Second Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments V12 Holdings, Inc. 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC Common ship Units 2021-01-01 2021-12-31 0001571329 Affiliate investments GA Communications, Inc. 2021-01-01 2021-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Common Stock 2021-01-01 2021-12-31 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember lrfc:OneMonthLiborMember 2021-01-01 2021-12-31 0001571329 srt:MinimumMember lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionOneMember 2021-01-01 2021-12-31 0001571329 country:US 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2021-01-01 2021-12-31 0001571329 srt:MinimumMember lrfc:InvestmentAdvisoryAgreementMember 2021-01-01 2021-12-31 0001571329 lrfc:AdministrationAgreementMember 2021-01-01 2021-12-31 0001571329 lrfc:TaxableSubsidiariesMember 2021-01-01 2021-12-31 0001571329 srt:MinimumMember 2021-01-01 2021-12-31 0001571329 lrfc:FivePointSevenFiveConvertibleNotesDue2022Member 2021-01-01 2021-12-31 0001571329 lrfc:SixPointZeroZeroNotesDue2022Member 2021-01-01 2021-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001571329 lrfc:IngCapitalLlcMember lrfc:IngCreditFacilityMember 2021-01-01 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | First Lien/Senior Secured Debt | Vology, Inc. | Information Technology | 10.50% | L + 8.50% | 2.00% | 03/31/2022 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Eastport Holdings, LLC | Business Services 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Nth Degree Investment Group, LLC | Business Services 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | MMI Holdings, LLC | Medical Device Distributor 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | LJS Partners, LLC | QSR Franchisor 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services 2021-01-01 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | Preferred Stock and Units | Vology, Inc. - Class A | Information Technology 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services | 15.00% | 09/12/2023 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GA Communications, Inc. - Series A-1 | Advertising & Marketing Services 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC - Class B | Automobile Part Manufacturer 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | GA Communications, Inc. - Series B-1 | Advertising & Marketing Services 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Eastport Holdings, LLC | Business Services | 13.50% | L + 13.00% | 0.50% | 04/30/2022 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC (Last Out) | Financial Services | 9.86% | 01/04/2024 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 12.00% | 01/31/2022 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | RAM Payment, LLC | Financial Services | 8.00% PIK 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC (First Out) | Financial Services | 6.50% | L + 5.00% | 1.50% | 01/04/2024 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC - Class A | Automobile Part Manufacturer 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | LJS Partners LLC | QSR Franchisor | 1 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | MMI Holdings, LLC | Medical Device Distributor | 6.00% PIK 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | V12 Holdings, Inc. | Data Processing & Digital Marketing 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 6.00% | 01/31/2022 2021-01-01 2021-12-31 0001571329 lrfc:BigMouchIncMember 2021-01-01 2021-12-31 0001571329 us-gaap:InvestmentUnaffiliatedIssuerMember 2020-01-01 2020-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerMember 2020-01-01 2020-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerControlledMember 2020-01-01 2020-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2020-01-01 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2020-01-01 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2020-01-01 2020-12-31 0001571329 lrfc:KeyBankCreditFacilityMember 2020-01-01 2020-12-31 0001571329 lrfc:AdjustmentOfTaxableSubsidiariesMember 2020-01-01 2020-12-31 0001571329 lrfc:ExcludingTaxableSubsidiariesMember 2020-01-01 2020-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandNineteenMember 2020-01-01 2020-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandTwentyMember 2020-01-01 2020-12-31 0001571329 lrfc:DividendDeclaredOctoberOneTwoThousandNineteenMember 2020-01-01 2020-12-31 0001571329 lrfc:DividendDeclaredJulyOneTwoThousandNineteenMember 2020-01-01 2020-12-31 0001571329 lrfc:DividendDeclaredAprilOneTwoThousandNineteenMember 2020-01-01 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-01-01 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember 2020-01-01 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember 2020-01-01 2020-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Second Lien Debt 2020-01-01 2020-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation 2020-01-01 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt One 2020-01-01 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC 2020-01-01 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC Second Lien Debt 2020-01-01 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt 2020-01-01 2020-12-31 0001571329 Affiliate investments Navis Holdings, Inc. 2020-01-01 2020-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Class A Preferred Stock 2020-01-01 2020-12-31 0001571329 Affiliate investments Navis Holdings, Inc. First Lien Debt 2020-01-01 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC 2020-01-01 2020-12-31 0001571329 Affiliate investments Eastport Holdings, LLC Second Lien Debt 2020-01-01 2020-12-31 0001571329 Affiliate investments Eastport Holdings, LLC 2020-01-01 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC First Lien Debt 2020-01-01 2020-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC First Lien Debt 2020-01-01 2020-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC 2020-01-01 2020-12-31 0001571329 Affiliate investments Total Affiliate investments 2020-01-01 2020-12-31 0001571329 Control investments Vology, Inc. First Lien Debt 2020-01-01 2020-12-31 0001571329 Control investments Total Control investments 2020-01-01 2020-12-31 0001571329 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-12-31 0001571329 lrfc:TwelveMonthMember lrfc:LIBORMember 2020-01-01 2020-12-31 0001571329 lrfc:SixMonthMember lrfc:LIBORMember 2020-01-01 2020-12-31 0001571329 lrfc:ThreeMonthMember lrfc:LIBORMember 2020-01-01 2020-12-31 0001571329 lrfc:TwoMonthMember lrfc:LIBORMember 2020-01-01 2020-12-31 0001571329 lrfc:OneMonthMember lrfc:LIBORMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:FirstLienDebtMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:FirstLienDebtMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:SecondLienDebtMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:SecondLienDebtMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:EquitySecuritiesMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:EquitySecuritiesMember 2020-01-01 2020-12-31 0001571329 us-gaap:FairValueInputsLevel3Member 2020-01-01 2020-12-31 0001571329 Affiliate investments LJS Partners, LLC Preferred Units 2020-01-01 2020-12-31 0001571329 Affiliate investments LJS Partners, LLC 2020-01-01 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC Preferred Units 2020-01-01 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC Preferred Units 2020-01-01 2020-12-31 0001571329 Affiliate investments City Gear, LLC ship Unit Warrants 2020-01-01 2020-12-31 0001571329 Affiliate investments City Gear, LLC 2020-01-01 2020-12-31 0001571329 Affiliate investments V12 Holdings, Inc. Second Lien Debt 2020-01-01 2020-12-31 0001571329 Control investments Capitala Senior Loan Fund II, LLC 2020-01-01 2020-12-31 0001571329 Affiliate investments V12 Holdings, Inc. 2020-01-01 2020-12-31 0001571329 Control investments Capitala Senior Loan Fund II, LLC ship Units 2020-01-01 2020-12-31 0001571329 Affiliate investments Eastport Holdings, LLC ship Units 2020-01-01 2020-12-31 0001571329 Affiliate investments GA Communications, Inc. Series A-1 Preferred Stock 2020-01-01 2020-12-31 0001571329 Affiliate investments GA Communications, Inc. 2020-01-01 2020-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class B 2020-01-01 2020-12-31 0001571329 Control investments Vology, Inc. Class A Preferred Units 2020-01-01 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC Common ship Units 2020-01-01 2020-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC 2020-01-01 2020-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Common Stock 2020-01-01 2020-12-31 0001571329 Affiliate investments GA Communications, Inc. Series B-1 Common Stock 2020-01-01 2020-12-31 0001571329 Affiliate investments LJS Partners, LLC Common ship Units 2020-01-01 2020-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC ship Units 2020-01-01 2020-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Common Stock 2020-01-01 2020-12-31 0001571329 Control investments Capitala Senior Loan Fund II, LLC Second Lien Debt 2020-01-01 2020-12-31 0001571329 us-gaap:CommonStockMember 2020-01-01 2020-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2020-01-01 2020-12-31 0001571329 lrfc:AdministrationAgreementMember 2020-01-01 2020-12-31 0001571329 lrfc:TaxableSubsidiariesMember 2020-01-01 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoDebenturesOneMember 2020-01-01 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyThreeDebenturesMember 2020-01-01 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyOneDebenturesMember 2020-01-01 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoDebenturesTwoMember 2020-01-01 2020-12-31 0001571329 lrfc:CapitalaSeniorLoanFundIILLCMember 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | V12 Holdings, Inc. | Data Processing & Digital Marketing | 11/21/2016 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services | 15.0% PIK | 45269 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 6.00% | 9/30/2021 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Eastport Holdings, LLC | Business Services | 13.50% | L + 13.0% | 0.50% | 12/29/2021 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC | Financial Services | 9.80% | 1/4/2024 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC | Financial Services | 6.50% | L + 5.0% | 1.50% | 1/4/2024 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC - ship Unit Warrants| Healthcare 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | RAM Payment, LLC | Financial Services | 8.0% PIK 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | Navis Holdings, Inc. - Class A | Textile Equipment Manufacturer 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | MMI Holdings, LLC | Medical Device Distributor | 6.0% PIK 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | LJS Partners LLC | QSR Franchisor 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GA Communications, Inc. Series A1 | Advertising & Marketing Services 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Unit | LJS Partners, LLC | QSR Franchisor 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | GA Communications, Inc. Series B1 | Advertising & Marketing Services 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Eastport Holdings, LLC | Business Services 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | City Gear, LLC - ship Unit Warrants | Footwear Retail 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC Class A | Automobile Part Manufacturer 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC Class B | Automobile Part Manufacturer 2020-01-01 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Total Preferred Stock and Units | Vology, Inc. - Class A | Information Technology 2020-01-01 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Total First Lien/Senior Secured Debt | Vology, Inc. | Information Technology | 10.50% | L + 8.5% | 2.00% | 12/31/2021 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Sierra Hamilton Holdings Corporation | Oil and Gas Engineering and Consulting Services 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Unit | Nth Degree Investment Group, LLC | Business Services 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Navis Holdings, Inc. | Textile Equipment Manufacturer 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Unit | MMI Holdings, LLC | Medical Device Distributor 2020-01-01 2020-12-31 0001571329 Investments in Controlled Portfolio Companies | Common Stock and ship Units | Vology, Inc. | Information Technology 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | Navis Holdings, Inc. | Textile Equipment Manufacturer | 9.00% | 2.0% PIK | 6/30/2023 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 12.00% | 9/30/2021 2020-01-01 2020-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | Burgaflex Holdings, LLC | Automobile Part Manufacturer | 12.00% | 3.0% PIK | 3/23/2021 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | U.S. BioTek Laboratories, LLC | Testing Laboratories | 7.00% | L + 5.0% | 2.00%| 12/14/2023 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | U.S. BioTek Laboratories, LLC | Testing Laboratories | 9.30% | 12/14/2023 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | BLST Operating Company, LLC | Online Merchandise Retailer | 10.00% | L + 8.5% | 1.50%| 8/28/2025 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | Corporate Visions, Inc. | Sales & Marketing Services | 11.00% | 11/29/2021 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | 3 Bridge Solutions, LLC | IT Consulting 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | J5 Infrastructure Partners, LLC | Wireless Deployment Services | 8.30% | L + 6.5% | 1.80%| 12/20/2024 One 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Jurassic Quest Holdings, LLC | Entertainment | 9.50% | L + 7.5% | 2.00%| 12/20/2023 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Rapid Fire Protection, Inc. | Security System Services | 5.50% | L + 3.8% | 1.70%| 11/22/2024 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Rapid Fire Protection, Inc. | Security System Services | 8.90% | 11/22/2024 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Seitel, Inc. | Data Services | 9.30% | L + 8.3%, 2.0% PIK 1.00%| 3/15/2023 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Sequoia Healthcare Management, LLC | Healthcare Management | 12.80% | 1/11/2021 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | CIS Secure Computing, Inc. | Government Services | 9.50% | L + 8.5%, 1.0% PIK | 1.00% | 9/14/2022 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Currency Capital, LLC | Financial Services | 12.5% | L + 12.0%, 4.0% PIK | 0.50%| 7/20/2021 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Freedom Electronics, LLC | Electronic Machine Repair | 7.00% | L + 5.0% | 2 | 12/20/2023 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Freedom Electronics, LLC | Electronic Machine Repair | 8.70% | 12/20/2023 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | HUMC Opco, LLC | Healthcare | 9.00% | 01-11-2021 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | J5 Infrastructure Partners, LLC | Wireless Deployment Services | 8.30% | L + 6.5% | 1.80%| 12/20/2024 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Clinical Solutions, LLC | Healthcare | 7.00% | 12/31/2022 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Clinical Solutions, LLC | Healthcare | 7.00% | 6/30/2021 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AmeriMark Direct, LLC | Consumer Products | 14.00%| 1.3% PIK | 9/8/2021 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | BigMouth, Inc. | Consumer Products | 9.00% | L + 8.5% | 0.50%| 11/14/2021 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Chicken Soup for the Soul, LLC | Multi-platform media and consumer products | 10.00% | L + 8.5% | 1.50%| 2/22/2022 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Chief Fire Intermediate, Inc. | Security System Services | 8.60% | L + 7.0% | 1.60%| 11/8/2024 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | 3 Bridge Solutions, LLC | IT Consulting | 13.00% | 12/4/2022 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Alternative Biomedical Solutions, LLC | Healthcare | 8.00% | 12/18/2022 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Rapid Fire Protection, Inc. | Security System Services 2020-01-01 2020-12-31 0001571329 Investments in Non Control, Non Affiliate Portfolio Companies | Common Stock and ship Units | U.S. BioTek Laboratories, LLC - Class C | Testing Laboratories 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | U.S. Well Services, Inc. - Class A | Oil & Gas Services 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Xirgo Technologies, LLC | Information Technology 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | BLST Operating Company, LLC - Class A | Online Merchandise Retailer 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Burke America Parts Group, LLC | Home Repair Parts Manufacturer 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Chief Fire Intermediate, Inc. - Class B | Security System Services 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | CIS Secure Computing, Inc. | Government Services 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Corporate Visions, Inc. | Sales & Marketing Services 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Freedom Electronics, LLC | Electronic Machine Repair 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Taylor Precision Products, Inc. - Series C | Household Product Manufacturer 2020-01-01 2020-12-31 0001571329 Investments in Non Control, Non Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC - Class A | Testing Laboratories 2020-01-01 2020-12-31 0001571329 Investments in Non Control, Non Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC - Class D | Testing Laboratories 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | 3 Bridge Solutions, LLC | IT Consulting 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC | Healthcare 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | American Clinical Solutions, LLC - Class A | Healthcare 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series B | Healthcare 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series C | Healthcare 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Chief Fire Intermediate, Inc.- Series C | Security System Services 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Currency Capital, LLC - Class A | Financial Services 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Jurassic Quest Holdings, LLC | Entertainment 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | MicroHoldco, LLC | General Industrial 2020-01-01 2020-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series A | Healthcare 2020-01-01 2020-12-31 0001571329 us-gaap:InvestmentUnaffiliatedIssuerMember 2019-01-01 2019-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerMember 2019-01-01 2019-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerControlledMember 2019-01-01 2019-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2019-01-01 2019-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2019-01-01 2019-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2019-01-01 2019-12-31 0001571329 lrfc:AdjustmentOfTaxableSubsidiariesMember 2019-01-01 2019-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandNineteenMember 2019-01-01 2019-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandTwentyMember 2019-01-01 2019-12-31 0001571329 lrfc:DividendDeclaredOctoberOneTwoThousandNineteenMember 2019-01-01 2019-12-31 0001571329 lrfc:DividendDeclaredJulyOneTwoThousandNineteenMember 2019-01-01 2019-12-31 0001571329 lrfc:DividendDeclaredAprilOneTwoThousandNineteenMember 2019-01-01 2019-12-31 0001571329 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-12-31 0001571329 us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2019-01-01 2019-12-31 0001571329 lrfc:AdministrationAgreementMember 2019-01-01 2019-12-31 0001571329 Investments at Fair Value | Rapid Fire Protection, Inc | Security System Services | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-01-01 2019-12-31 0001571329 Investments at Fair Value | RAM Payment, LLC | Financial Services | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-01-01 2019-12-31 0001571329 Investments at Fair Value | Installs, LLC | Logistics | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-01-01 2019-12-31 0001571329 Investments at Fair Value | Freedom Electronics, LLC | Electronic Machine Repair | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-01-01 2019-12-31 0001571329 Investments at Fair Value | U.S. BioTek Laboratories, LLC | Testing Laboratories | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-01-01 2019-12-31 0001571329 lrfc:CapitalaSeniorLoanFundIILLCMember 2019-01-01 2019-12-31 0001571329 us-gaap:IPOMember 2013-09-24 2013-09-24 0001571329 us-gaap:IPOMember 2013-09-24 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2017-05-26 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember lrfc:FivePointSevenFiveFixedRateConvertibleNotesDueMayThirtyOneTwoThousandTwentyTwoMember 2017-05-26 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2017-06-26 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2017-05-26 2017-05-26 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2020-08-21 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2021-10-29 2021-10-29 0001571329 lrfc:TwoThousandAndTwentySixNotesMember lrfc:FivePointTwoFiveFixedRateConvertibleNotesDueOctoberThirtyTwoThousandTwentySixMember 2021-10-29 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2021-10-29 0001571329 srt:MaximumMember lrfc:BondRepurchaseProgramMember 2020-07-30 0001571329 lrfc:IngCreditFacilityMember 2020-01-01 2020-03-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2019-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2019-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2019-12-31 0001571329 lrfc:DividendDeclaredJulyOneTwoThousandNineteenMember 2019-12-31 0001571329 lrfc:DividendDeclaredAprilOneTwoThousandNineteenMember 2019-12-31 0001571329 lrfc:DividendDeclaredOctoberOneTwoThousandNineteenMember 2019-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandTwentyMember 2019-12-31 0001571329 lrfc:DividendDeclaredJanuaryTwoTwoThousandNineteenMember 2019-12-31 0001571329 lrfc:FirstLienDebtMember lrfc:CapitalaSeniorLoanFundIILLCMember 2019-12-31 0001571329 lrfc:IngCreditFacilityMember 2019-12-31 0001571329 lrfc:IngCapitalLlcMember lrfc:IngCreditFacilityMember 2019-12-31 0001571329 Investments at Fair Value | Freedom Electronics, LLC | Electronic Machine Repair | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-12-31 0001571329 Investments at Fair Value | Installs, LLC | Logistics | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-12-31 0001571329 Investments at Fair Value | RAM Payment, LLC | Financial Services | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-12-31 0001571329 Investments at Fair Value | Rapid Fire Protection, Inc | Security System Services | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-12-31 0001571329 Investments at Fair Value | U.S. BioTek Laboratories, LLC | Testing Laboratories | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-12-31 0001571329 Investments at Fair Value | First Lien Debit | Capitala Senior Loan Fund II LLC 2019-12-31 0001571329 lrfc:CapitalaSeniorLoanFundIILLCMember 2019-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2017-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2017-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2017-12-31 0001571329 lrfc:IngCreditFacilityMember 2017-12-31 0001571329 us-gaap:IPOMember 2014-09-30 0001571329 us-gaap:IPOMember 2015-04-13 0001571329 us-gaap:IPOMember 2015-09-30 2015-09-30 0001571329 us-gaap:IPOMember 2016-09-30 2016-09-30 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2018-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2018-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2018-12-31 0001571329 lrfc:IngCreditFacilityMember 2018-12-31 0001571329 lrfc:CapitalaSeniorLoanFundIILLCMember 2020-06-01 0001571329 us-gaap:RevolvingCreditFacilityMember lrfc:CapitalaSeniorLoanFundIILLCMember 2020-06-01 2020-06-01 0001571329 country:US us-gaap:ScenarioPlanMember 2037-01-01 2037-12-31 0001571329 us-gaap:EquitySecuritiesMember 2018-12-20 0001571329 lrfc:CapitalaSeniorLoanFundIILLCMember 2018-12-20 0001571329 lrfc:TrinityUniversalInsuranceCompanyMember 2018-12-20 0001571329 lrfc:CapitalaSeniorLoanFundIILLCMember 2020-06-12 0001571329 lrfc:CapitalaSeniorLoanFundIILLCMember 2019-09-03 0001571329 us-gaap:SeniorSubordinatedNotesMember 2019-09-03 0001571329 us-gaap:SeniorSubordinatedNotesMember lrfc:CapitalaSeniorLoanFundIILLCMember 2019-09-03 0001571329 lrfc:TrinityUniversalInsuranceCompanyMember us-gaap:SeniorSubordinatedNotesMember 2019-09-03 0001571329 lrfc:CapitalaSeniorLoanFundIILLCMember lrfc:LiborRateMember 2019-09-03 2019-09-03 0001571329 srt:MaximumMember lrfc:CapitalaSeniorLoanFundIILLCMember 2019-09-03 2019-09-03 0001571329 srt:MinimumMember lrfc:CapitalaSeniorLoanFundIILLCMember 2019-09-03 2019-09-03 0001571329 lrfc:SbaGuaranteedDebenturesMember 2019-11-01 2019-11-01 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember lrfc:SixPointZeroFixedRateNotesDueMayThirtyOneTwoThousandTwentyTwoMember 2017-05-16 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2017-05-25 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2021-11-01 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember 2020-10-30 2020-10-30 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember lrfc:MinimumInterestRateMember 2020-10-30 2020-10-30 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember srt:MinimumMember 2020-10-30 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember srt:MaximumMember 2020-10-30 0001571329 lrfc:CapitalaBusinessLendingLLCMember srt:MinimumMember 2020-10-30 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC 2020-12-31 0001571329 Affiliate investments Total Affiliate investments 2020-12-31 0001571329 Affiliate investments V12 Holdings, Inc. Second Lien Debt 2020-12-31 0001571329 Affiliate investments V12 Holdings, Inc. 2020-12-31 0001571329 Control investments Total Control investments 2020-12-31 0001571329 Affiliate investments LJS Partners, LLC 2020-12-31 0001571329 Affiliate investments MMI Holdings, LLC 2020-12-31 0001571329 Affiliate investments Navis Holdings, Inc. 2020-12-31 0001571329 Affiliate investments City Gear, LLC ship Unit Warrants 2020-12-31 0001571329 Affiliate investments City Gear, LLC 2020-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC 2020-12-31 0001571329 Affiliate investments Eastport Holdings, LLC 2020-12-31 0001571329 Affiliate investments GA Communications, Inc. 2020-12-31 0001571329 Affiliate investments RAM Payment, LLC 2021-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC 2021-12-31 0001571329 Affiliate investments Total Affiliate investments 2021-12-31 0001571329 Control investments Total Control investments 2021-12-31 0001571329 Affiliate investments V12 Holdings, Inc. 2021-12-31 0001571329 Affiliate investments V12 Holdings, Inc. Second Lien Debt 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC 2021-12-31 0001571329 Affiliate investments LJS Partners, LLC 2021-12-31 0001571329 Affiliate investments GA Communications, Inc. 2021-12-31 0001571329 Affiliate investments Eastport Holdings, LLC 2021-12-31 0001571329 us-gaap:CommonStockMember 2021-12-31 0001571329 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member 2019-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember 2019-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember 2019-12-31 0001571329 Control investments Vology, Inc. Class A Preferred Units 2019-12-31 0001571329 Control investments Vology, Inc. First Lien Debt 2019-12-31 0001571329 Control investments Total Control investments 2019-12-31 0001571329 Affiliate investments V12 Holdings, Inc. 2019-12-31 0001571329 Affiliate investments V12 Holdings, Inc. Second Lien Debt 2019-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC 2019-12-31 0001571329 Affiliate investments City Gear, LLC ship Unit Warrants 2019-12-31 0001571329 Control investments Capitala Senior Loan Fund II, LLC 2019-12-31 0001571329 Control investments Capitala Senior Loan Fund II, LLC ship Units 2019-12-31 0001571329 Affiliate investments Total Affiliate investments 2019-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC First Lien Debt 2019-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class B 2019-12-31 0001571329 Affiliate investments Eastport Holdings, LLC Second Lien Debt 2019-12-31 0001571329 Affiliate investments Eastport Holdings, LLC ship Units 2019-12-31 0001571329 Affiliate investments City Gear, LLC 2019-12-31 0001571329 Affiliate investments GA Communications, Inc. 2019-12-31 0001571329 Affiliate investments Eastport Holdings, LLC 2019-12-31 0001571329 Affiliate investments GA Communications, Inc. Series A-1 Preferred Stock 2019-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt One 2019-12-31 0001571329 Affiliate investments RAM Payment, LLC Preferred Units 2019-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Common Stock 2019-12-31 0001571329 Affiliate investments RAM Payment, LLC 2019-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation 2019-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Second Lien Debt 2019-12-31 0001571329 Affiliate investments MMI Holdings, LLC Preferred Units 2019-12-31 0001571329 Affiliate investments MMI Holdings, LLC 2019-12-31 0001571329 Affiliate investments MMI Holdings, LLC Common ship Units 2019-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Class A Preferred Stock 2019-12-31 0001571329 Affiliate investments Navis Holdings, Inc. First Lien Debt 2019-12-31 0001571329 Affiliate investments Navis Holdings, Inc. 2019-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Common Stock 2019-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC 2019-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC ship Units 2019-12-31 0001571329 Affiliate investments LJS Partners, LLC 2019-12-31 0001571329 Affiliate investments MMI Holdings, LLC First Lien Debt 2019-12-31 0001571329 Affiliate investments MMI Holdings, LLC Second Lien Debt 2019-12-31 0001571329 Affiliate investments LJS Partners, LLC Preferred Units 2019-12-31 0001571329 Affiliate investments LJS Partners, LLC Common ship Units 2019-12-31 0001571329 Affiliate investments GA Communications, Inc. Series B-1 Common Stock 2019-12-31 0001571329 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001571329 us-gaap:CommonStockMember 2020-12-31 0001571329 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001571329 us-gaap:CommonStockMember 2018-12-31 0001571329 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001571329 us-gaap:CommonStockMember 2019-12-31 iso4217:USD xbrli:pure xbrli:shares utr:Year lrfc:Portfolio iso4217:USD xbrli:shares
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
10-K/A
 
 
(Amendment No. 1)
 
Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the Fiscal Year Ended
December 31, 2021
 
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Commission file number:
814-01022
 
 
Logan Ridge Finance Corporation
(Exact Name of Registrant as Specified in its Charter)
 
 
 
Maryland
 
90-0945675
(State or Other Jurisdiction of Incorporation or Organization)
 
(I.R.S. Employer Identification No.)
 
 
650 Madison Avenue,
3rd Floor
New York,
New York
10022