10-K/A
Table of Contents
trueFY0001571329Represents 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.All 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. The equity investment is income producing, based on rate disclosed. 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. During the second quarter of 2022, Eastport Holdings, LLC completed a refinancing and recapitalization transaction. Logan Ridge received $16.5 million in cash and $19.3 million in principal of a new debt security in exchange for all of its previous debt and equity securities, which resulted in a realized gain of approximately $16.0 million on the Company’s equity interest. As a result of this transaction, Eastport Holdings, LLC is no longer an affiliate of the Company. All investments valued using unobservable inputs (Level 3), unless otherwise noted.The fair value of each of the Company’s investments is determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).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, 2022.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.Par amount is presented for debt investments, while the number of shares or units owned is presented for equity investments.Percentages are based on net assets as of December 31, 2021.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.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.The Company has an unfunded loan or investment commitment to the portfolio company at December 31, 2021 (See Note 2).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.The Company, excluding its Taxable Subsidiaries, previously did not have, or report in its financial statements, any deferred tax assets and/or liabilities on the basis that it believed it qualified as a RIC under the Code and thus would not be subject to income taxes on its taxable income that the Company distributed timely to shareholders in accordance with Subchapter M of the Code. Accordingly, the restated deferred tax assets and liabilities presented above also represent the corresponding impact of restating the Company’s financial statements to reflect the Company’s tax status as a C-Corporation (the “Restatement Adjustments”).The weighted averages disclosed in the table above were weighted by their relative fair value.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.The Company has an unfunded loan or investment commitment to the portfolio company at December 31, 2022 (See Note 2).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”), SOFR, or alternate base rate, 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 6 month, 3 month, or 1 month L rates. SOFR loans are typically indexed to 6 month, 3 month, or 1 month SOFR rates. As of December 31, 2022, rates for the 6 month, 3 month, and 1 month L are 5.14%, 4.77%, and 4.39%, respectively. As of December 31, 2022, rates for the 6 month, 3 month, and 1 month SOFR are 4.78%, 4.59%, and 4.36%, respectively. 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, 2022.Non-accrual investment.1.0% of interest payable in cash. 9.0% of interest payable in cash or paid-in-kind at borrower’s election.Collateralized loan obligations (“CLO” or “CLO’s”) 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, 2022, qualifying assets represent 97.5% of the Company’s total assets and non-qualifying assets represent 2.5% of the Company’s total assets.Investment is held through our Taxable Subsidiary (See Note 1).The investment has been exited or sold. The residual value reflects estimated earnout, escrow, or other proceeds expected post-closing.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 cash rate equals the approximate current yield on our last-out portion of the unitranche facility.15.0% of interest payable in cash or paid-in-kind at borrower’s election.$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.Based on daily weighted average balance of shares of the Company’s common stock outstanding during the period. 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.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. 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.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.The ratio of waived incentive fees to average net assets was 0.00%, 0.00%, 0.00%, 0.17%, and 0.00%, for the years ended December 31, 2022, 2021, 2020, 2019 and 2018, respectively. 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. The Company, excluding its Taxable Subsidiaries, previously did not have, or report in its financial statements, any a deferred tax provision (benefit) on the basis that it believed it qualified as a RIC under the Code and thus would not be subject to income taxes on its taxable income that the Company distributed timely to shareholders in accordance with Subchapter M of the Code. Accordingly, the restated balances presented in the table above also represent the corresponding impact of the Restatement Adjustments.Delayed-draw term loan.$1.0 million in equity was valued using the asset approach.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. The Company, excluding its Taxable Subsidiaries, previously did not have, or report in its financial statements, any income tax expense (benefit) on its taxable income on the basis that it believed it qualified as a RIC under the Code and thus would not be subject to income taxes on its taxable income that the Company distributed timely to shareholders in accordance with Subchapter M of the Code. Accordingly, the restated balances presented in the table above also represent the corresponding impact of the Restatement Adjustments.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 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. 0001571329 2020-01-01 2020-12-31 0001571329 2022-01-01 2022-12-31 0001571329 2021-01-01 2021-12-31 0001571329 2021-12-31 0001571329 2022-12-31 0001571329 2020-12-31 0001571329 2021-07-01 2021-09-30 0001571329 2021-04-01 2021-06-30 0001571329 2021-01-01 2021-03-31 0001571329 2021-10-01 2021-12-31 0001571329 2022-07-01 2022-09-30 0001571329 2022-04-01 2022-06-30 0001571329 2022-01-01 2022-03-31 0001571329 2022-10-01 2022-12-31 0001571329 2020-08-21 2020-08-21 0001571329 2019-01-01 2019-12-31 0001571329 2018-01-01 2018-12-31 0001571329 2013-09-24 2013-09-24 0001571329 2022-09-30 0001571329 2022-06-30 0001571329 2022-03-31 0001571329 2021-09-30 0001571329 2021-06-30 0001571329 2021-03-31 0001571329 2020-07-30 2020-07-30 0001571329 2020-08-03 0001571329 2019-12-31 0001571329 2018-12-31 0001571329 2023-03-03 0001571329 2018-12-20 0001571329 2013-09-24 0001571329 2017-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AP Core Holdings II, LLC | Information Technology | 9.88% | L + 5.50% | 0.75% | 07/21/2027 | 1 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Beta Plus Technologies | Financials | 8.87% | SOFR + 4.75% | 07/02/2029 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accurate Background, LLC | Information Technology | 10.03% | L + 6.00% | 1.00% | 03/26/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AIDC Intermediateco 2, LLC (Peak Technologies) | Information Technology | 10.44% | SOFR + 6.40% | 1.00% | 07/22/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Alternative Biomedical Solutions, LLC | Healthcare | 8.00% | 12/18/2022 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Academy Holdings, LLC | Healthcare | 15.38% | L + 4.75%, 6.25% PIK | 1.00% | 01/01/2025 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Clinical Solutions, LLC | Healthcare | 11.27% | L + 7.00%, 4.27% PIK | 12/31/2024 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AP Core Holdings II, LLC | Information Technology | 9.88% | L + 5.50% | 0.75% | 07/21/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accordion Partners LLC | Industrials | 10.83% | SOFR + 6.25% | 0.75% | 08/29/2029 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accordion Partners LLC (Revolver) | Industrials | SOFR + 6.25% | 0.75% | 08/31/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Bradshaw International, Inc. (Revolver) | Consumer Discretionary | L + 5.75% | 1.00% | 10/21/2026 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Bradshaw International, Inc. | Consumer Discretionary | 10.19% | L + 5.75% | 1.00% | 10/21/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Beta Plus Technologies (Revolver) | Financials | SOFR + 4.25% | 07/02/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Epic Staffing Group | Industrials | 10.4% | SOFR + 6.00% | 06/28/2029 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Dodge Data & Analytics LLC | Information Technology | 9.79% | SOFR + 4.75% | 1.00% | 02/12/2029 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Dentive, LLC (Revolver) | Healthcare | SOFR + 7.00% | 1.00% | 12/26/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Dentive, LLC | Healthcare | 11.53% | SOFR + 7.00% | 1.00% | 12/26/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Datalink, LLC | Healthcare | 11.48% | L + 6.75% | 1.00% | 11/23/2026 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Critical Nurse Staffing, LLC (Revolver) | Healthcare | 10.7% | L + 6.00% | 1.00% | 10/30/2026 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | HUMC Opco, LLC | Healthcare | 12.22% | SOFR + 8.00% | 3.00% | 11/04/2023 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Hudson Hospital OpCo, LLC | Healthcare | 12.22% | SOFR + 8.00% | 3.00% | 11/04/2023 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Heads Up Technologies | Industrials | 10.14% | SOFR + 5.50% | 0.75% | 08/10/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Grindr Capital, LLC | Information Technology | 12.52% | SOFR + 8.00% | 11/14/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Fortis Payment Solutions | Financials | 9.93% | SOFR + 5.25% | 1.00% | 02/13/2026 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Florida Food Products, LLC | Consumer Staples | 9.32% | SOFR + 5.00% | 0.75% | 10/18/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Lucky Bucks, LLC | Consumer Discretionary | 10.43% | L + 5.50% | 0.75% | 07/21/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Keg Logistics LLC (Revolver) | Consumer Discretionary | 10.32% | L + 6.00% | 1.00% | 11/23/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Keg Logistics LLC | Consumer Discretionary | 10.7% | L + 6.00% | 1.00% | 11/23/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Jurassic Quest Holdings, LLC | Entertainment | 11.62% | L + 7.50% | 2.00% | 05/01/2024 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | JO ET Holdings Limited | Information Technology | 17.53% | SOFR + 6.00%, 7.00% PIK | 1.00% | 12/15/2026 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | IJKG OpCo, LLC | Healthcare | 12.22% | SOFR + 8.00% | 3.00% | 11/04/2023 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Patriot Pickle, Inc. | Consumer Staples | 10.16% | SOFR + 5.43% | 04/13/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Neptune BidCo US Inc. | Communication Services | 8.82% | SOFR + 5.00% | 04/11/2029 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Money Transfer Acquisition Inc. | Financials | 12.67% | SOFR + 8.25% | 1.00% | 12/14/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Material Handling Systems, Inc. | Industrials | 10.08% | SOFR + 5.50% | 1.00% | 06/08/2029 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Marble Point Credit Management LLC (Revolver) | Financials | L + 6.00% | 1.00% | 08/11/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Marble Point Credit Management LLC | Financials | 10.75% | L + 6.00% | 1.00% | 08/11/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | STG Logistics | Industrials | 10.32% | SOFR + 6.00% | 0.75% | 03/24/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | South Street Securities Holdings, Inc. | Financials | 9.00% | 09/20/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Shock Doctor, Inc. | Consumer Discretionary | 9.37% | SOFR + 5.00% | 1.00% | 05/14/2024 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Sequoia Healthcare Management, LLC | Healthcare Management | 11/04/2023 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | RN Enterprises, LLC | Healthcare | 10.78% | SOFR + 6.50% | 1.00% | 12/23/2025 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Premier Imaging, LLC | Healthcare | 10.13% | L+5.75% | 1.00% | 01/02/2025 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | Ivanti Software, Inc. | Information Technology | 12.01% | L + 7.25% | 0.50% | 12/01/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | BLST Operating Company, LLC | Online Merchandise Retailer | 12.94% | L + 8.50% | 0.50% | 08/28/2025 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | American Academy Holdings, LLC | Healthcare | 14.5% PIK | 03/01/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Wealth Enhancement Group, LLC (Revolver) | Financials | SOFR + 6.00% | 1.00% | 10/02/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Wealth Enhancement Group, LLC | Financials | 10.00% | SOFR + 6.00% | 1.00% | 10/02/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Symplr Software, Inc. | Healthcare | 8.69% | SOFR + 4.50% | 0.75% | 12/22/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series A | Healthcare 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Collateralized Loan Obligations | JMP Credit Advisors CLO V Ltd. | Financials | 2.16% | 07/17/2030 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Collateralized Loan Obligations | JMP Credit Advisors CLO IV Ltd. | Financials | 24.43% | 07/17/2029 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | Tubular Textile Machinery, Inc. | Textile Equipment Manufacturer | 5.00% | 10/29/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | Lucky Bucks, LLC | Consumer Discretionary | 12.5% PIK | 05/29/2028 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | Eastport Holdings, LLC | Business Services | 13.17% | SOFR + 8.50% | 1.00% | 09/29/2027 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Taylor Precision Products, Inc. - Series C | Household Product Manufacturer 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | MicroHoldco, LLC | General Industrial 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Jurassic Quest Holdings, LLC | Entertainment 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | American Academy Holdings, LLC | Healthcare 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series C | Healthcare 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series B | Healthcare 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Aperture Dodge 18 LLC | Financials 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | American Clinical Solutions, LLC-Class A | Healthcare 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | American Academy Holdings, LLC | Healthcare 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC-ship Unit Warrants | Healthcare 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC | Healthcare 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC-Class A | Testing Laboratories 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Freedom Electronics, LLC | Electronic Machine Repair 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | BLST Operating Company, LLC-Class A | Online Merchandise Retailer 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | U.S. BioTek Laboratories, LLC-Class C | Testing Laboratories 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | South Street Securities Holdings, Inc. - Warrants | Financials 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Critical Nurse Staffing, LLC | Healthcare | 10.48% | L + 6.00% | 1.00% | 10/30/2026 2022-01-01 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | CIMSense | Financials | 9.92% | SOFR + 5.50% | 1.00% | 12/17/2026 2022-01-01 2022-12-31 0001571329 us-gaap:InvestmentUnaffiliatedIssuerMember 2022-01-01 2022-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerMember 2022-01-01 2022-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerControlledMember 2022-01-01 2022-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 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0001571329 lrfc:TaxableSubsidiariesMember 2022-01-01 2022-12-31 0001571329 lrfc:ExcludingTaxableSubsidiariesMember 2022-01-01 2022-12-31 0001571329 lrfc:ChairmanOfAnyOtherCommitteeMember 2022-01-01 2022-12-31 0001571329 srt:DirectorMember 2022-01-01 2022-12-31 0001571329 lrfc:ChairmanMember 2022-01-01 2022-12-31 0001571329 us-gaap:ConvertibleDebtSecuritiesMember lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2022-01-01 2022-12-31 0001571329 us-gaap:ConvertibleDebtSecuritiesMember lrfc:TwoThousandAndThirtyTwoConvertibleNotesMember 2022-01-01 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC Second Lien Debt 2022-01-01 2022-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation 2022-01-01 2022-12-31 0001571329 Affiliate investments Great Lakes Funding II LLC Series A 2022-01-01 2022-12-31 0001571329 Affiliate investments Great Lakes Funding II LLC 2022-01-01 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC First Lien Debt 2022-01-01 2022-12-31 0001571329 Affiliate investments RAM Payment, LLC Preferred Units 2022-01-01 2022-12-31 0001571329 Affiliate investments RAM Payment, LLC 2022-01-01 2022-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Second Lien Debt 2022-01-01 2022-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt One 2022-01-01 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC Preferred Units 2022-01-01 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC 2022-01-01 2022-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt 2022-01-01 2022-12-31 0001571329 Affiliate investments Total Affiliate investments 2022-01-01 2022-12-31 0001571329 Control investments Vology, Inc. First Lien Debt 2022-01-01 2022-12-31 0001571329 Control investments Total Control investments 2022-01-01 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:CollateralizedLoanObligationsMember 2022-01-01 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:SubordinatedDebtMember 2022-01-01 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:SecondLienDebtMember 2022-01-01 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember 2022-01-01 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member 2022-01-01 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2022-01-01 2022-12-31 0001571329 lrfc:SixMonthMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2022-01-01 2022-12-31 0001571329 lrfc:ThreeMonthMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2022-01-01 2022-12-31 0001571329 lrfc:OneMonthMember 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lrfc:InvestmentTypeConcentrationRiskMember lrfc:JointVentureMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:JointVentureMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:EquitySecuritiesMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:CollateralizedLoanObligationsMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:CollateralizedLoanObligationsMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:SubordinatedDebtMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:SubordinatedDebtMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:SecondLienDebtMember 2022-01-01 2022-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember lrfc:SixPointZeroFixedRateNotesDueMayThirtyOneTwoThousandTwentyTwoMember 2022-01-01 2022-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember lrfc:FivePointSevenFiveFixedRateConvertibleNotesDueMayThirtyOneTwoThousandTwentyTwoMember 2022-01-01 2022-12-31 0001571329 Affiliate investments GreenPark Infrastructure, LLC 2022-01-01 2022-12-31 0001571329 Affiliate investments GreenPark Infrastructure, LLC Series A 2022-01-01 2022-12-31 0001571329 Affiliate investments GreenPark Infrastructure, LLC Series M-1 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionTwoMember 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionOneMember 2022-01-01 2022-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember us-gaap:DebtInstrumentRedemptionPeriodOneMember 2022-01-01 2022-12-31 0001571329 lrfc:TwoThousandAndThirtyTwoConvertibleNotesMember lrfc:PurchaseAgreementMember 2022-01-01 2022-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember lrfc:FivePointTwoFiveFixedRateConvertibleNotesDueOctoberThirtyTwoThousandTwentySixMember 2022-01-01 2022-12-31 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:OneMTermSOFRMember 2022-01-01 2022-12-31 0001571329 srt:MaximumMember lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionOneMember 2022-01-01 2022-12-31 0001571329 srt:MinimumMember lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionTwoMember 2022-01-01 2022-12-31 0001571329 Affiliate investments LJS Partners, LLC Preferred Units 2022-01-01 2022-12-31 0001571329 Affiliate investments LJS Partners, LLC Common ship Units 2022-01-01 2022-12-31 0001571329 Affiliate investments LJS Partners, LLC 2022-01-01 2022-12-31 0001571329 Control investments Vology, Inc. Class A Preferred Units 2022-01-01 2022-12-31 0001571329 srt:MinimumMember lrfc:InvestmentAdvisoryAgreementMember lrfc:ConditionOneMember 2022-01-01 2022-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC 2022-01-01 2022-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class A 2022-01-01 2022-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Common Stock 2022-01-01 2022-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class B 2022-01-01 2022-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC 2022-01-01 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC Common ship Units 2022-01-01 2022-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC ship Units 2022-01-01 2022-12-31 0001571329 Affiliate investments GA Communications, Inc. 2022-01-01 2022-12-31 0001571329 Affiliate investments GA Communications, Inc. Series B-1 Common Stock 2022-01-01 2022-12-31 0001571329 Affiliate investments GA Communications, Inc. Series A-1 Preferred Stock 2022-01-01 2022-12-31 0001571329 country:US 2022-01-01 2022-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2022-01-01 2022-12-31 0001571329 srt:MinimumMember lrfc:InvestmentAdvisoryAgreementMember 2022-01-01 2022-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001571329 lrfc:AdministrationAgreementMember 2022-01-01 2022-12-31 0001571329 srt:MaximumMember 2022-01-01 2022-12-31 0001571329 srt:MinimumMember 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | MMI Holdings, LLC | Medical Device Distributor 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | GreenPark Infrastructure, LLC-Series M-1 | Industrials 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | GA Communications, Inc. - Series B-1 | Advertising & Marketing Services 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Sierra Hamilton Holdings Corporation | Oil & Engineering and Consulting Services | 15.00% PIK | 09/12/2023 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | V12 Holdings, Inc. | Data Processing & Digital Marketing 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Joint Ventures | Great Lakes Funding II LLC-Series A | Financials 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GA Communications, Inc. Series A-1 | Advertising & Marketing Services 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GreenPark Infrastructure, LLC-Series A | Industrials 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | MMI Holdings, LLC | Medical Device Distributor | 8.00% PIK 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | RAM Payment, LLC | Financial Services | 6.00% PIK 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC Class A | Automobile Part Manufacturer 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC Class B | Automobile Part Manufacturer 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 6.00% | 04/01/2022 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Nth Degree Investment Group, LLC | Business Services 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 12.00% | 04/01/2022 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC (First Out) | Financial Services | 9.12% | L + 5.00% | 1.50% | 01/04/2024 2022-01-01 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC (Last Out) | Financial Services | 12.45% | 1.50% | 01/04/2024 2022-01-01 2022-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2020-12-31 0001571329 lrfc:ExcludingTaxableSubsidiariesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2020-12-31 0001571329 lrfc:KeyBankCreditFacilityMember 2020-12-31 0001571329 lrfc:TaxableSubsidiariesMember 2020-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember lrfc:BondRepurchaseProgramMember 2020-12-31 0001571329 lrfc:BondRepurchaseProgramMember 2020-12-31 0001571329 us-gaap:InvestmentUnaffiliatedIssuerMember 2021-01-01 2021-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerMember 2021-01-01 2021-12-31 0001571329 us-gaap:InvestmentAffiliatedIssuerControlledMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2021-01-01 2021-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2021-01-01 2021-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2021-01-01 2021-12-31 0001571329 lrfc:KeyBankCreditFacilityMember 2021-01-01 2021-12-31 0001571329 lrfc:TaxableSubsidiariesMember 2021-01-01 2021-12-31 0001571329 lrfc:ExcludingTaxableSubsidiariesMember 2021-01-01 2021-12-31 0001571329 us-gaap:ConvertibleDebtSecuritiesMember lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC Preferred Units 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC 2021-01-01 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. First Lien Debt 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 LJS Partners, LLC Common ship Units 2021-01-01 2021-12-31 0001571329 Affiliate investments LJS Partners, LLC 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC First Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments MMI Holdings, LLC Second Lien Debt 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 RAM Payment, LLC Preferred Units 2021-01-01 2021-12-31 0001571329 Affiliate investments RAM Payment, LLC 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 Navis Holdings, Inc. 2021-01-01 2021-12-31 0001571329 Control investments Total Control investments 2021-01-01 2021-12-31 0001571329 Control investments Vology, Inc. First Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments Total Affiliate investments 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 Affiliate investments Eastport Holdings, LLC Second Lien Debt 2021-01-01 2021-12-31 0001571329 Affiliate investments Eastport Holdings, LLC 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 us-gaap:FairValueInputsLevel3Member us-gaap:SubordinatedDebtMember 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 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 us-gaap:AccumulatedOtherComprehensiveIncomeMember 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 lrfc:SecondLienDebtMember 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:FirstLienDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember lrfc:FirstLienDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:EquitySecuritiesMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:SubordinatedDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember us-gaap:SubordinatedDebtMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtFairValueMember lrfc:InvestmentTypeConcentrationRiskMember 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentOwnedAtCostMember lrfc:InvestmentTypeConcentrationRiskMember 2021-01-01 2021-12-31 0001571329 Affiliate investments City Gear, LLC ship Unit Warrants 2021-01-01 2021-12-31 0001571329 Affiliate investments City Gear, LLC 2021-01-01 2021-12-31 0001571329 Affiliate investments Navis Holdings, Inc. Common Stock 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. Series B-1 Common Stock 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 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 Affiliate investments V12 Holdings, Inc. 2021-01-01 2021-12-31 0001571329 Affiliate investments V12 Holdings, Inc. Second Lien Debt 2021-01-01 2021-12-31 0001571329 Control investments Vology, Inc. Class A 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 Burgaflex Holdings, LLC Common Stock Class A 2021-01-01 2021-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class B 2021-01-01 2021-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2021-01-01 2021-12-31 0001571329 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001571329 lrfc:AdministrationAgreementMember 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 | 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 | LJS Partners, LLC | QSR Franchisor 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | MMI Holdings, LLC | Medical Device Distributor | 1 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 | GA Communications, Inc. Series A-1 | Advertising & Marketing Services | 1 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | V12 Holdings, Inc. | Data Processing & Digital Marketing | 1 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 | Second Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 6.00% | 01/31/2022 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% | 1.5 | 01/04/2024 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 | Common Stock and ship Units | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services | 1 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 | 1 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 | Preferred Stock and Units | RAM Payment, LLC | Financial Services | 8 PIK% 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | MMI Holdings, LLC | Medical Device Distributor | 6 PIK% 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 | 1 2021-01-01 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | First Lien/Senior Secured Debt | Vology, Inc. | Information Technology | 10.5% | L+8.50% | 2 | 03/31/2022 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Nth Degree Investment Group, LLC | Business Services | 1 2021-01-01 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | LJS Partners, LLC | QSR Franchisor 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 Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | JMP CLO V Ltd. | Financials | 20.89% | 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 | Freedom Electronics, LLC | Electronic Machine Repair | 1 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 | 17.72% | 07/17/2029 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 | 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 | U.S. BioTek Laboratories, LLC Class D | 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 | 1 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% | 0.5% | 07/23/2029 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 | Taylor Precision Products, Inc. Series C | Household Product Manufacturer 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% | 1.5% | 08/28/2025 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% | 0.5% | 12/01/2028 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 | Subordinated Debt | Tubular Textile Machinery, Inc. | Textile Equipment Manufacturer | 5.00% |10/29/2027 | 1 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% | 0.75% | 07/21/2027 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% | 0.75% | 07/21/2027 | 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 | 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 | American Clinical Solutions, LLC | Healthcare | 7.00% | 12/31/2022 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% | 1.00% | 09/30/2026 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% | 1.00% | 03/26/2027 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% | 1.00% | 10/30/2026 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% | 1.00% | 09/24/2027 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 | 8.67.00% | 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% | 2.00% | 12/20/2023 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% | 1.8% | 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 | 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 | Wealth Enhancement Group, LLC | Financials | 6.75% | L + 5.75% | 1.00% | 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 (Revolver) | Financials | 6.75% | L + 5.75% | 1.00% | 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 | 12.8% | 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% | 1.00% | 12/21/2026 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% | 0.75% | 07/21/2027 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% | 1.00% | 10/21/2027 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% | 1.00% | 08/11/2028 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% | 1.00% | 12/29/2028 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% | 1.00% | 10/21/2026 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 | 9.5% | L + 7.50% | 2.00% | 05/01/2024 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% | 1.00% | 08/11/2028 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%, 7.00 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 | Critical Nurse Staffing, LLC | Healthcare | 7.00% | L + 6.00% | 1.00% | 10/30/2026 2021-01-01 2021-12-31 0001571329 Investments 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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:MeasurementInputEbitdaMultipleMember srt:MaximumMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputEbitdaMultipleMember srt:MinimumMember lrfc:EnterpriseMarketValueAndAssetApproachValuationTechniqueMember 2021-12-31 0001571329 Affiliate investments Eastport Holdings, LLC ship Units 2021-12-31 0001571329 country:US 2021-12-31 0001571329 lrfc:OilAndGasEngineeringAndConsultingServicesMember lrfc:SierraHamiltonHoldingsCorporationMember 2021-12-31 0001571329 Affiliate investments Total Affiliate investments 2021-12-31 0001571329 srt:MinimumMember 2021-12-31 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember 2021-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2021-12-31 0001571329 lrfc:TaxableSubsidiariesMember 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% | 1.5% | 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% | 0.5% | 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% | 0.5% | 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 | 1 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | JMP CLO IV Ltd. | Financials | 17.72% | 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 | 20.89% | 07/17/2030 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% | 1.00% | 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% | 1.00% | 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% | 1.00% | 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 | 12.8% | 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% | 1.00% | 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% | 1.00% | 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%, 7.00 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 | 9.5% | L + 7.50% | 2.00% | 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% | 1.00% | 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% | 1.00% | 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% | 0.75% | 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% | 1.00% | 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% | 1.00% | 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% | 1.00% | 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% | 1.00% | 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% | 2.00% | 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 | 8.67.00% | 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 | First Lien/Senior Secured Debt | Accordion Partners LLC | Industrials | 6.50% | L + 5.50% | 1.00% | 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% | 1.00% | 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 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% | 0.75% | 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% | 0.75% | 07/21/2027 | 1 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 | First Lien/Senior Secured Debt | RAM Payment, LLC (First Out) | Financial Services | 6.50% | L+5.00% | 1.5 | 01/04/2024 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 | 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 | 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 | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services | 15.00% | 09/12/2023 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | First Lien/Senior Secured Debt | Vology, Inc. | Information Technology | 10.5% | L+8.50% | 2 | 03/31/2022 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | MMI Holdings, LLC | Medical Device Distributor | 6 PIK% 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | RAM Payment, LLC | Financial Services | 8 PIK% 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | Preferred Stock and Units 2021-12-31 0001571329 Total Investments | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | 1 2021-12-31 0001571329 Investments in Controlled Portfolio Companies 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | First Lien/Senior Secured Debt 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | 1 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | 1 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | 1 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | 1 2021-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | 1 2021-12-31 0001571329 Investments In Non-Control, Non-Affiliate Portfolio Companies | 1 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% | 1.00% | 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% | 1.00% | 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% | 1.8% | 12/20/2024 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 | BLST Operating - Company, LLC Class A | Online Merchandise Retailer 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 | Common Stock and ship Units | Freedom Electronics, LLC | Electronic Machine Repair | 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 | Taylor Precision Products, Inc. Series C | Household Product Manufacturer 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 | 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 | 1 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 | American Clinical - Solutions, LLC Class A | Healthcare 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 | Jurassic Quest Holdings, LLC | Entertainment | 1 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 | 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 | Alternative Biomedical Solutions, LLC Series A | Healthcare 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Sierra Hamilton Holdings Corporation | Oil & Gas Engineering and Consulting Services | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC Class B | Automobile Part Manufacturer | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Burgaflex Holdings, LLC Class A | Automobile Part Manufacturer | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | V12 Holdings, Inc. | Data Processing & Digital Marketing | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | MMI Holdings, LLC | Medical Device Distributor | 1 2021-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GA Communications, Inc. Series A-1 | Advertising & Marketing Services | 1 2021-12-31 0001571329 Investments in Controlled Portfolio Companies | Preferred Stock and Units | Vology, Inc. 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Second Lien Debt 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC First Lien Debt 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC Second Lien Debt 2022-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt One 2022-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Second Lien Debt 2022-12-31 0001571329 Affiliate investments RAM Payment, LLC First Lien Debt 2022-12-31 0001571329 Control investments Vology, Inc. Class A Preferred Units 2022-12-31 0001571329 Control investments Vology, Inc. ship Units 2022-12-31 0001571329 Affiliate investments RAM Payment, LLC Preferred Units 2022-12-31 0001571329 Affiliate investments Sierra Hamilton Holdings Corporation Common Stock 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC Preferred Units 2022-12-31 0001571329 Affiliate investments MMI Holdings, LLC Common ship Units 2022-12-31 0001571329 Affiliate investments Nth Degree Investment Group, LLC ship Units 2022-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class B 2022-12-31 0001571329 Affiliate investments Burgaflex Holdings, LLC Common Stock Class A 2022-12-31 0001571329 Affiliate investments GA Communications, Inc. Series A-1 Preferred Stock 2022-12-31 0001571329 Affiliate investments GA Communications, Inc. Series B-1 Common Stock 2022-12-31 0001571329 Affiliate investments GreenPark Infrastructure, LLC Series A 2022-12-31 0001571329 Affiliate investments GreenPark Infrastructure, LLC Series M-1 2022-12-31 0001571329 Affiliate investments LJS Partners, LLC Preferred Units 2022-12-31 0001571329 Affiliate investments LJS Partners, LLC Common ship Units 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEbitdaMultipleMember lrfc:AssetApproachValuationTechniqueMember 2022-12-31 0001571329 lrfc:SbaGuaranteedDebenturesMember 2022-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoNotesMember 2022-12-31 0001571329 lrfc:TwoThousandAndThirtyTwoConvertibleNotesMember 2022-12-31 0001571329 lrfc:KeyBankCreditFacilityMember 2022-12-31 0001571329 lrfc:ExcludingTaxableSubsidiariesMember 2022-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember us-gaap:FairValueInputsLevel3Member 2022-12-31 0001571329 lrfc:TwoThousandAndThirtyTwoConvertibleNotesMember us-gaap:FairValueInputsLevel3Member 2022-12-31 0001571329 lrfc:KeyBankCreditFacilityMember us-gaap:FairValueInputsLevel3Member 2022-12-31 0001571329 Control investments Vology, Inc. First Lien Debt 2022-12-31 0001571329 lrfc:GreatLakesFundingIILLCSeriesAMember 2022-12-31 0001571329 lrfc:TwoThousandAndTwentySixNotesMember 2022-12-31 0001571329 lrfc:TwoThousandAndThirtyTwoConvertibleNotesMember 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accordion Partners LLC | Industrials | 10.83% | SOFR + 6.25% | 0.75% | 08/29/2029 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accurate Background, LLC | Information Technology | 10.03% | L + 6.00% | 1.00% | 03/26/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AIDC Intermediateco 2, LLC (Peak Technologies) | Information Technology | 10.44% | SOFR + 6.40% | 1.00% | 07/22/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Alternative Biomedical Solutions, LLC | Healthcare | 8.00% | 12/18/2022 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Academy Holdings, LLC | Healthcare | 15.38% | L + 4.75%, 6.25% PIK | 1.00% | 01/01/2025 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | RN Enterprises, LLC | Healthcare | 10.78% | SOFR + 6.50% | 1.00% | 12/23/2025 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Shock Doctor, Inc. | Consumer Discretionary | 9.37% | SOFR + 5.00% | 1.00% | 05/14/2024 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | South Street Securities Holdings, Inc. | Financials | 9.00% | 09/20/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | STG Logistics | Industrials | 10.32% | SOFR + 6.00% | 0.75% | 03/24/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Symplr Software, Inc. | Healthcare | 8.69% | SOFR + 4.50% | 0.75% | 12/22/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Wealth Enhancement Group, LLC | Financials | 10.00% | SOFR + 6.00% | 1.00% | 10/02/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Marble Point Credit Management LLC | Financials | 10.75% | L + 6.00% | 1.00% | 08/11/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Material Handling Systems, Inc. | Industrials | 10.08% | SOFR + 5.50% | 1.00% | 06/08/2029 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Money Transfer Acquisition Inc. | Financials | 12.67% | SOFR + 8.25% | 1.00% | 12/14/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Neptune BidCo US Inc. | Communication Services | 8.82% | SOFR + 5.00% | 04/11/2029 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Patriot Pickle, Inc. | Consumer Staples | 10.16% | SOFR + 5.43% | 04/13/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Premier Imaging, LLC | Healthcare | 10.13% | L+5.75% | 1.00% | 01/02/2025 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | IJKG OpCo, LLC | Healthcare | 12.22% | SOFR + 8.00% | 3.00% | 11/04/2023 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | JO ET Holdings Limited | Information Technology | 17.53% | SOFR + 6.00%, 7.00% PIK | 1.00% | 12/15/2026 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Jurassic Quest Holdings, LLC | Entertainment | 11.62% | L + 7.50% | 2.00% | 05/01/2024 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Keg Logistics LLC | Consumer Discretionary | 10.7% | L + 6.00% | 1.00% | 11/23/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Keg Logistics LLC (Revolver) | Consumer Discretionary | 10.32% | L + 6.00% | 1.00% | 11/23/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Lucky Bucks, LLC | Consumer Discretionary | 10.43% | L + 5.50% | 0.75% | 07/21/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Florida Food Products, LLC | Consumer Staples | 9.32% | SOFR + 5.00% | 0.75% | 10/18/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Fortis Payment Solutions | Financials | 9.93% | SOFR + 5.25% | 1.00% | 02/13/2026 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Grindr Capital, LLC | Information Technology | 12.52% | SOFR + 8.00% | 11/14/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Heads Up Technologies | Industrials | 10.14% | SOFR + 5.50% | 0.75% | 08/10/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Hudson Hospital OpCo, LLC | Healthcare | 12.22% | SOFR + 8.00% | 3.00% | 11/04/2023 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | HUMC Opco, LLC | Healthcare | 12.22% | SOFR + 8.00% | 3.00% | 11/04/2023 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Critical Nurse Staffing, LLC | Healthcare | 10.48% | L + 6.00% | 1.00% | 10/30/2026 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Critical Nurse Staffing, LLC (Revolver) | Healthcare | 10.7% | L + 6.00% | 1.00% | 10/30/2026 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Datalink, LLC | Healthcare | 11.48% | L + 6.75% | 1.00% | 11/23/2026 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Dentive, LLC | Healthcare | 11.53% | SOFR + 7.00% | 1.00% | 12/26/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Dodge Data & Analytics LLC | Information Technology | 9.79% | SOFR + 4.75% | 1.00% | 02/12/2029 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Epic Staffing Group | Industrials | 10.4% | SOFR + 6.00% | 06/28/2029 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | American Clinical Solutions, LLC | Healthcare | 11.27% | L + 7.00%, 4.27% PIK | 12/31/2024 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AP Core Holdings II, LLC | Information Technology | 9.88% | L + 5.50% | 0.75% | 07/21/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | AP Core Holdings II, LLC | Information Technology | 9.88% | L + 5.50% | 0.75% | 07/21/2027 | 1 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Beta Plus Technologies | Financials | 8.87% | SOFR + 4.75% | 07/02/2029 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Bradshaw International, Inc. | Consumer Discretionary | 10.19% | L + 5.75% | 1.00% | 10/21/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | CIMSense | Financials | 9.92% | SOFR + 5.50% | 1.00% | 12/17/2026 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | BLST Operating Company, LLC | Online Merchandise Retailer | 12.94% | L + 8.50% | 0.50% | 08/28/2025 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | Ivanti Software, Inc. | Information Technology | 12.01% | L + 7.25% | 0.50% | 12/01/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Collateralized Loan Obligations | JMP Credit Advisors CLO IV Ltd. | Financials | 24.43% | 07/17/2029 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Collateralized Loan Obligations | JMP Credit Advisors CLO V Ltd. | Financials | 2.16% | 07/17/2030 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | Eastport Holdings, LLC | Business Services | 13.17% | SOFR + 8.50% | 1.00% | 09/29/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | Tubular Textile Machinery, Inc. | Textile Equipment Manufacturer | 5.00% | 10/29/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt | American Academy Holdings, LLC | Healthcare | 14.5% PIK | 03/01/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt | Lucky Bucks, LLC | Consumer Discretionary | 12.5% PIK | 05/29/2028 2022-12-31 0001571329 us-gaap:LineOfCreditMember 2022-12-31 0001571329 lrfc:OnlineMerchandiseRetailerMember lrfc:BLSTOperatingCompanyLLCMember 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputRevenueMultipleMember srt:WeightedAverageMember lrfc:EnterpriseMarketValueApproachValuationTechniqueMember 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputExpectedTermMember us-gaap:IncomeApproachValuationTechniqueMember 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember us-gaap:MeasurementInputSharePriceMember us-gaap:IncomeApproachValuationTechniqueMember 2022-12-31 0001571329 us-gaap:FairValueInputsLevel3Member lrfc:FirstLienDebtMember lrfc:MeasurementInputRequiredRateOfReturnMember 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Debt 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt 2022-12-31 0001571329 Investments In Non-Control, Non-Affiliate Portfolio Companies 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Collateralized Loan Obligations 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Beta Plus Technologies (Revolver) | Financials | SOFR + 4.25% | 07/02/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Bradshaw International, Inc. (Revolver) | Consumer Discretionary | L + 5.75% | 1.00% | 10/21/2026 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Dentive, LLC (Revolver) | Healthcare | SOFR + 7.00% | 1.00% | 12/26/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Wealth Enhancement Group, LLC (Revolver) | Financials | SOFR + 6.00% | 1.00% | 10/02/2027 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Marble Point Credit Management LLC (Revolver) | Financials | L + 6.00% | 1.00% | 08/11/2028 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Accordion Partners LLC (Revolver) | Industrials | SOFR + 6.25% | 0.75% | 08/31/2028 2022-12-31 0001571329 srt:MinimumMember 2022-12-31 0001571329 lrfc:TwoThousandAndTwentyTwoConvertibleNotesMember 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt | Sequoia Healthcare Management, LLC | Healthcare Management | 11/04/2023 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | BLST Operating Company, LLC-Class A | Online Merchandise Retailer 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Aperture Dodge 18 LLC | Financials 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | American Clinical Solutions, LLC-Class A | Healthcare 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | American Academy Holdings, LLC | Healthcare 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC-ship Unit Warrants | Healthcare 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | South Street Securities Holdings, Inc. - Warrants | Financials 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | U.S. BioTek Laboratories, LLC-Class C | Testing Laboratories 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Jurassic Quest Holdings, LLC | Entertainment 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | MicroHoldco, LLC | General Industrial 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Taylor Precision Products, Inc. - Series C | Household Product Manufacturer 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | U.S. BioTek Laboratories, LLC-Class A | Testing Laboratories 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Alternative Biomedical Solutions, LLC | Healthcare 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and ship Units | Freedom Electronics, LLC | Electronic Machine Repair 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series A | Healthcare 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series B | Healthcare 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | Alternative Biomedical Solutions, LLC - Series C | Healthcare 2022-12-31 0001571329 Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units | American Academy Holdings, LLC | Healthcare 2022-12-31 0001571329 lrfc:CapitalaBusinessLendingLLCMember lrfc:KeyBankCreditFacilityMember 2022-12-31 0001571329 lrfc:InvestmentAdvisoryAgreementMember 2022-12-31 0001571329 lrfc:TaxableSubsidiariesMember 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC (Last Out) | Financial Services | 12.45% | 1.50% | 01/04/2024 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | RAM Payment, LLC (First Out) | Financial Services | 9.12% | L + 5.00% | 1.50% | 01/04/2024 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 12.00% | 04/01/2022 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | MMI Holdings, LLC | Medical Device Distributor | 6.00% | 04/01/2022 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | RAM Payment, LLC | Financial Services | 6.00% PIK 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | MMI Holdings, LLC | Medical Device Distributor | 8.00% PIK 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | Sierra Hamilton Holdings Corporation | Oil & Engineering and Consulting Services | 15.00% PIK | 09/12/2023 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies 2022-12-31 0001571329 Total Investments 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Joint Ventures 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | First Lien/Senior Secured Debt 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GreenPark Infrastructure, LLC-Series A | Industrials 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Preferred Stock and Units | GA Communications, Inc. Series A-1 | Advertising & Marketing Services 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Joint Ventures | Great Lakes Funding II LLC-Series A | Financials 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Second Lien/Senior Secured Debt | V12 Holdings, Inc. | Data Processing & Digital Marketing 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | Nth Degree Investment Group, LLC | Business Services 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | MMI Holdings, LLC | Medical Device Distributor 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | GreenPark Infrastructure, LLC-Series M-1 | Industrials 2022-12-31 0001571329 Investments in Affiliated Portfolio Companies | Common Stock and ship Units | GA Communications, Inc. - Series B-1 | Advertising & Marketing Services 2022-12-31 0001571329 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