Saratoga Investment Corp 8.00% (SAJ) 10-K6 May 242024 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Feb. 29, 2024	May 03, 2024	Aug. 31, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Amendment Flag	false
Document Period End Date	Feb. 29, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Information [Line Items]
Entity Registrant Name	SARATOGA INVESTMENT CORP.
Entity Central Index Key	0001377936
Securities Act File Number	814-00732
Entity Tax Identification Number	20-8700615
Entity Incorporation, State or Country Code	MD
Current Fiscal Year End Date	--02-28
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Public Float			$ 271.2
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	535 Madison Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
Entity Phone Fax Numbers [Line Items]
City Area Code	(212)
Local Phone Number	906-7800
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		13,698,966
Common Stock, par value $0.001 per share
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	SAR
Security Exchange Name	NYSE
6.00% Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	6.00% Notes due 2027
Trading Symbol	SAT
Security Exchange Name	NYSE
8.00% Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	8.00% Notes due 2027
Trading Symbol	SAJ
Security Exchange Name	NYSE
8.125% Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	8.125% Notes due 2027
Trading Symbol	SAY
Security Exchange Name	NYSE
8.50% Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	8.50% Notes due 2027
Trading Symbol	SAZ
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
Audit Information	Feb. 29, 2024
Auditor [Table]
Auditor Name	Ernst & Young LLP
Auditor Firm ID	42
Auditor Location	New York

Consolidated Statements of Asse

Consolidated Statements of Assets and Liabilities - USD ($)	Feb. 29, 2024	Feb. 28, 2023
Investments at fair value
Non-control/Non-affiliate investments (amortized cost of $1,035,879,751 and $819,966,208, respectively)	$ 1,019,774,616	$ 828,028,800
Affiliate investments (amortized cost of $26,707,415 and $25,722,320, respectively)	27,749,137	28,305,871
Control investments (amortized cost of $117,196,571 and $120,800,829, respectively)	91,270,036	116,255,582
Total investments at fair value (amortized cost of $1,179,783,737 and $966,489,357, respectively)	1,138,793,789	972,590,253
Cash and cash equivalents	8,692,846	65,746,494
Cash and cash equivalents, reserve accounts	31,814,278	30,329,779
Interest receivable (net of reserve of $9,490,340 and $2,217,300, respectively)	10,298,998	8,159,951
Management fee receivable	343,023	363,809
Other assets	1,163,225	531,337
Current tax receivable	99,676	436,551
Total assets	1,191,205,835	1,078,158,174
LIABILITIES
Revolving credit facility	35,000,000	32,500,000
Base management and incentive fees payable	8,147,217	12,114,878
Deferred tax liability	3,791,150	2,816,572
Accounts payable and accrued expenses	1,337,542	1,464,343
Interest and debt fees payable	3,582,173	3,652,936
Directors fees payable		14,932
Due to Manager	450,000	10,935
Total liabilities	820,981,727	731,200,132
Commitments and contingencies (See Note 9)
NET ASSETS
Common stock, par value $0.001, 100,000,000 common shares authorized, 13,653,476 and 11,890,500 common shares issued and outstanding, respectively	13,654	11,891
Capital in excess of par value	371,081,199	321,893,806
Total distributable earnings (deficit)	(870,745)	25,052,345
Total net assets	370,224,108	346,958,042
Total liabilities and net assets	$ 1,191,205,835	$ 1,078,158,174
NET ASSET VALUE PER SHARE (in Dollars per share)	$ 27.12	$ 29.18
Debentures payable
LIABILITIES
Deferred debt financing costs	$ (5,779,892)	$ (4,923,488)
Notes Payable	214,000,000	202,000,000
8.75% Notes Payable 2024
LIABILITIES
Deferred debt financing costs	(4,777)
Notes Payable	20,000,000
Discount on notes payable	(112,894)
7.00% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(24,210)	(40,118)
Notes Payable	12,000,000	12,000,000
Discount on notes payable	(193,175)	(304,946)
7.75% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(74,531)	(129,528)
Notes Payable	5,000,000	5,000,000
4.375% Notes Payable 2026
LIABILITIES
Deferred debt financing costs	(1,708,104)	(2,552,924)
Notes Payable	175,000,000	175,000,000
Premium on 4.375% notes payable 2026	564,260	830,824
4.35% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,033,178)	(1,378,515)
Notes Payable	75,000,000	75,000,000
Discount on notes payable	(313,010)	(408,932)
6.25% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(273,449)	(344,949)
Notes Payable	15,000,000	15,000,000
6.00% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(2,224,403)	(2,926,637)
Notes Payable	105,500,000	105,500,000
Discount on notes payable	(123,782)	(159,334)
8.00% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,274,455)	(1,622,376)
Notes Payable	46,000,000	46,000,000
8.125% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,563,594)	(1,944,536)
Notes Payable	60,375,000	60,375,000
8.50% Notes Payable 2028
LIABILITIES
Deferred debt financing costs	(1,680,039)
Notes Payable	57,500,000
Revolving credit facility
LIABILITIES
Deferred debt financing costs	$ (882,122)	$ (1,344,005)

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Parentheticals) - USD ($)	Feb. 29, 2024	Feb. 28, 2023
Amortized cost (in Dollars)	$ 1,179,783,737	$ 966,489,357
Net reserve of interest receivable (in Dollars)	$ 9,490,340	$ 2,217,300
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in Shares)	100,000,000	100,000,000
Common stock, shares issued (in Shares)	13,653,476	11,890,500
Common stock, shares outstanding (in Shares)	13,653,476	11,890,500
7.00% Notes Payable 2025
Notes payable discount, percentage	7%
Debt financing costs, percentage	7%
7.75% Notes Payable 2025
Notes payable discount, percentage	7.75%
Debt financing costs, percentage	7.75%
4.375% Notes Payable 2026
Notes payable discount, percentage	4.375%
Debt financing costs, percentage	4.375%
Notes payable premium, percentage	4.375%
4.35% Notes Payable 2027
Notes payable discount, percentage	4.35%
Debt financing costs, percentage	4.35%
6.25% Notes Payable 2027
Notes payable discount, percentage	6.25%
Debt financing costs, percentage	6.25%
6.00% Notes Payable 2027
Notes payable discount, percentage	6%
Debt financing costs, percentage	6%
8.00% Notes Payable 2027
Notes payable discount, percentage	8%
Debt financing costs, percentage	8%
8.125% Notes Payable 2027
Notes payable discount, percentage	8.125%
Debt financing costs, percentage	8.125%
8.50% Notes Payable 2028
Notes payable discount, percentage	8.50%
Debt financing costs, percentage	8.50%
Non-control/Non-affiliate investments [Member]
Amortized cost (in Dollars)	$ 1,035,879,751	$ 819,966,208
Affiliated Investments [Member]
Amortized cost (in Dollars)	26,707,415	25,722,320
Control investments [Member]
Amortized cost (in Dollars)	$ 117,196,571	$ 120,800,829

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)		12 Months Ended
Consolidated Statements of Operations - USD ($)		Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Interest income:
Non-control/Non-affiliate investments		$ 113,521,652	$ 72,677,237	$ 46,369,544
Affiliate investments		3,299,816	4,773,527	3,308,471
Control investments		8,507,909	6,602,594	7,345,691
Payment-in-kind interest income:
Non-control/Non-affiliate investments		766,697	359,910	1,150,695
Affiliate investments		874,226	416,711
Control investments		814,925	386,889	327,171
Total interest from investments		127,785,225	85,216,868	58,501,572
Interest from cash and cash equivalents		2,512,416	1,368,489	3,584
Management fee income		3,270,232	3,269,820	3,262,591
Dividend income(*):
Non-control/Non-affiliate investments	[1]	621,398	2,104,355	1,379,182
Affiliate investments	[1]		615,917	546,609
Control investments	[1]	5,911,564
Total dividend from investments	[1]	6,532,962	2,720,272	1,925,791
Structuring and advisory fee income		2,149,751	3,585,061	4,307,647
Other income		1,469,320	2,943,610	2,739,372
Total investment income		143,719,906	99,104,120	70,740,557
OPERATING EXPENSES
Interest and debt financing expenses		49,179,899	33,498,489	19,880,693
Base management fees		19,212,337	16,423,960	11,901,729
Incentive management fees expense (benefit)		8,025,468	5,057,117	11,794,208
Professional fees		1,767,015	1,812,259	1,378,134
Administrator expenses		3,872,917	3,160,417	2,906,250
Insurance		322,323	347,483	348,671
Directors fees and expenses		351,297	360,000	335,596
General and administrative		2,241,579	2,328,672	1,661,932
Income tax expense (benefit)		42,926	(152,956)	(39,649)
Excise tax expense (benefit)		1,829,837	1,067,532	630,183
Total operating expenses		86,845,598	63,902,973	50,797,747
NET INVESTMENT INCOME		56,874,308	35,201,147	19,942,810
Net realized gain (loss) from investments:
Non-control/Non-affiliate investments		153,583	7,446,596	6,209,737
Affiliate investments				7,328,457
Control investments				(139,867)
Net realized gain (loss) from investments		153,583	7,446,596	13,398,327
Income tax (provision) benefit from realized gain on investments			548,568	(2,886,444)
Net change in unrealized appreciation (depreciation) on investments:
Non-control/Non-affiliate investments		(24,167,727)	(5,330,880)	14,775,190
Affiliate investments		(1,541,829)	574,354	(26,836)
Control investments		(21,381,288)	(10,461,606)	2,271,639
Net change in unrealized appreciation (depreciation) on investments		(47,090,844)	(15,218,132)	17,019,993
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments		(893,166)	(1,715,333)	694,908
Net realized and unrealized gain (loss) on investments		(47,830,427)	(8,938,301)	28,226,784
Realized losses on extinguishment of debt		(110,056)	(1,587,083)	(2,434,410)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS		$ 8,933,825	$ 24,675,763	$ 45,735,184
WEIGHTED AVERAGE - BASIC EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share)		$ 0.71	$ 2.06	$ 3.99
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares)		12,670,939	11,963,533	11,456,631

[1] Certain prior period amounts have been reclassified to conform to current year presentation.

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - $ / shares	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Income Statement [Abstract]
WEIGHTED AVERAGE - DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share)	$ 0.71	$ 2.06	$ 3.99
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED	12,670,939	11,963,533	11,456,631

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets - USD ($)		12 Months Ended
Consolidated Statements of Changes in Net Assets - USD ($)		Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
INCREASE (DECREASE) FROM OPERATIONS:
Net investment income		$ 56,874,308	$ 35,201,147	$ 19,942,810
Net realized gain from investments		153,583	7,446,596	13,398,327
Realized losses on extinguishment of debt		(110,056)	(1,587,083)	(2,434,410)
Income tax (provision) benefit from realized gain on investments			548,568	(2,886,444)
Net change in unrealized appreciation (depreciation) on investments		(47,090,844)	(15,218,132)	17,019,993
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments		(893,166)	(1,715,333)	694,908
Net increase in net assets resulting from operations		8,933,825	24,675,763	45,735,184
DECREASE FROM SHAREHOLDER DISTRIBUTIONS:
Total distributions to shareholders		(35,635,955)	(27,313,402)	(22,033,235)
Net decrease in net assets from shareholder distributions		(35,635,955)	(27,313,402)	(22,033,235)
CAPITAL SHARE TRANSACTIONS:
Proceeds from issuance of common stock	[1]	44,539,387		26,835,203
Capital contribution from Manager		4,475,297
Stock dividend distribution		3,582,345	4,648,262	3,875,206
Repurchases of common stock		(2,157,605)	(10,824,340)	(2,545,037)
Repurchase fees		(1,772)	(8,764)	(1,992)
Offering costs		(469,456)		(270,576)
Net increase (decrease) in net assets from capital share transactions		49,968,196	(6,184,842)	27,892,804
Total increase (decrease) in net assets		23,266,066	(8,822,481)	51,594,753
Net assets at beginning of year		346,958,042	355,780,523	304,185,770
Net assets at end of year		$ 370,224,108	$ 346,958,042	$ 355,780,523

[1] See Note 11 to the Consolidated Financial Statements contained herein for more information on share issuance.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Statement of Cash Flows [Abstract]
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ 8,933,825	$ 24,675,763	$ 45,735,184
FROM OPERATIONS TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Payment-in-kind and other adjustments to cost	4,910,320	1,882,734	349,292
Net accretion of discount on investments	(2,221,257)	(1,816,934)	(2,043,088)
Amortization of deferred debt financing costs	5,171,249	3,587,139	2,164,761
Realized losses on extinguishment of debt	110,056	1,587,083	2,434,410
Income tax expense (benefit)	42,926	(152,956)	21,260
Net realized (gain) loss from investments	(153,583)	(7,446,596)	(13,398,327)
Net change in unrealized (appreciation) depreciation on investments	47,090,844	15,218,132	(17,019,993)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	893,166	1,715,333	(694,908)
Proceeds from sales and repayments of investments	30,271,047	222,215,062	226,931,104
Purchases of investments	(246,100,906)	(385,075,296)	(458,073,629)
(Increase) decrease in operating assets:
Interest receivable	(2,139,047)	(3,066,390)	(869,931)
Due from affiliate		90,968	2,628,032
Management fee receivable	20,786	(1,260)	(327,905)
Other assets	(631,887)	(276,357)	692,335
Current income tax receivable	336,875	(436,551)
Increase (decrease) in operating liabilities:
Base management and incentive fees payable	(3,967,661)	(832,147)	6,390,351
Accounts payable and accrued expenses	(126,801)	665,285	(951,208)
Current tax payable		(2,820,036)	2,820,036
Interest and debt fees payable	(70,763)	851,315	155,837
Directors fees payable	(14,932)	(55,068)	(500)
Excise tax payable		(630,183)	(61,489)
Due to manager	439,065	(252,879)	(15,251)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(157,206,679)	(130,373,839)	(203,133,627)
Financing activities
Borrowings on debt	71,500,000	113,000,000	135,000,000
Paydowns on debt	(57,000,000)	(76,000,000)	(95,500,000)
Issuance of notes	77,500,000	223,875,000	250,000,000
Repayments of notes		(43,125,000)	(60,000,000)
Payments of deferred debt financing costs	(4,694,711)	(10,135,986)	(10,008,424)
Discount on debt issuance, 6.00% notes 2027		(176,000)
Discount on debt issuance, 7.00% notes 2025		(360,000)
Premium on debt issuance, 4.375% notes 2026			1,250,000
Discount on debt issuance, 4.35% notes 2027			(512,250)
Proceeds from issuance of common stock	44,539,387		26,835,203
Capital contribution from Manager	4,475,297
Payments of cash dividends	(32,053,610)	(22,665,140)	(18,158,029)
Repurchases of common stock	(2,157,605)	(10,824,340)	(2,545,037)
Repurchases fees	(1,772)	(8,764)	(1,992)
Payments of offering costs	(469,456)		(270,576)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	101,637,530	173,579,770	226,088,895
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS	(55,569,149)	43,205,931	22,955,268
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, BEGINNING OF YEAR	96,076,273	52,870,342	29,915,074
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, END OF PERIOD (See Note 2)	40,507,124	96,076,273	52,870,342
Supplemental information:
Interest paid during the year	44,079,413	28,904,198	17,560,094
Cash paid for taxes	748,721	2,770,984	1,355,083
Supplemental non-cash information:
Payment-in-kind interest income and other adjustments to cost	(4,910,319)	(1,882,734)	(349,292)
Net accretion of discount on investments	2,221,257	1,816,934	2,043,088
Amortization of deferred debt financing costs	5,171,249	3,587,139	2,164,761
Stock dividend distribution	$ 3,582,345	$ 4,648,262	$ 3,875,206

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals)	12 Months Ended
Consolidated Statements of Cash Flows (Parentheticals)	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Notes 2027
Discount on debt issuance percentage	6%	6%	6%
Notes 2025
Discount on debt issuance percentage	7%	7%	7%
Notes 2026
Premium on debt issuance percentage	4.375%	4.375%	4.375%
Notes 2027
Discount on debt issuance percentage	4.35%	4.35%	4.35%

Consolidated Schedule of Invest

Consolidated Schedule of Investments - USD ($)		12 Months Ended
Consolidated Schedule of Investments - USD ($)		Feb. 29, 2024		Feb. 28, 2023
Total Alternative Investment Management Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		2.90%	[1],[2]	3%
Fair Value		$ 10,779,336	[1],[2],[3]	$ 10,459,372
Cost		$ 9,840,328	[1],[2]	$ 9,907,457
Total Alternative Investment Management Software [Member] \| Altvia MidCo, LLC. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.10%		2.30%
Fair Value	[1],[2],[3]	$ 7,884,990		$ 7,911,372
Cost	[1],[2]	7,840,328		7,907,457
Principal/ Number of Shares	[1],[2]	$ 7,900,000		$ 7,980,000
Original Acquisition Date	[1],[2]	Jul. 18, 2022		Jul. 18, 2022
Total Alternative Investment Management Software [Member] \| Altvia MidCo, LLC. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0.80%	[1],[2],[4]	0.70%
Fair Value		$ 2,894,346	[1],[2],[3],[4]	$ 2,548,000
Cost		2,000,000	[1],[2],[4]	2,000,000
Principal/ Number of Shares		$ 2,000,000	[1],[2],[4]	$ 2,000,000
Original Acquisition Date		Jul. 18, 2022	[1],[2],[4]	Jul. 18, 2022
Total Architecture & Engineering Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		6.80%
Fair Value	[3]	$ 25,247,475
Cost		$ 25,029,150
Total Architecture & Engineering Software [Member] \| BQE Software, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	6.60%
Fair Value	[1],[2],[3]	$ 24,497,550
Cost	[1],[2]	24,285,669
Principal/ Number of Shares	[1],[2]	$ 24,500,000
Original Acquisition Date	[1],[2]	Apr. 13, 2023
Total Architecture & Engineering Software [Member] \| BQE Software, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]	0.20%
Fair Value	[1],[2],[3],[5]	$ 749,925
Cost	[1],[2],[5]	743,481
Principal/ Number of Shares	[1],[2],[5]	$ 750,000
Original Acquisition Date	[1],[2],[5]	Apr. 13, 2023
Total Association Management Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	6.50%
Fair Value	[1],[2],[3]	$ 24,088,940
Cost	[1],[2]	$ 23,364,477
Total Association Management Software [Member] \| GrowthZone, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	6.20%
Fair Value	[1],[2],[3]	$ 22,934,808
Cost	[1],[2]	22,292,083
Principal/ Number of Shares	[1],[2]	$ 22,649,425
Original Acquisition Date	[1],[2]	May 10, 2023
Total Association Management Software [Member] \| Golden TopCo LP [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.30%
Fair Value	[1],[2],[3],[4]	$ 1,154,132
Cost	[1],[2],[4]	1,072,394
Principal/ Number of Shares	[1],[2],[4]	$ 1,072,394
Original Acquisition Date	[1],[2],[4]	May 10, 2023
Total Consumer Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		17.50%		18.30%	[1],[2]
Fair Value	[3]	$ 64,689,071		$ 63,642,327	[1],[2]
Cost		$ 60,208,255		$ 60,059,057	[1],[2]
Total Consumer Services [Member] \| Artemis Wax Corp.[Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5],[6]	15.70%		16.60%
Fair Value	[1],[2],[3],[5],[6]	$ 58,149,750		$ 57,500,000
Cost	[1],[2],[5],[6]	57,208,255		57,059,057
Principal/ Number of Shares	[1],[2],[5],[6]	$ 57,500,000		$ 57,500,000
Original Acquisition Date	[1],[2],[5],[6]	May 20, 2021		May 20, 2021
Total Consumer Services [Member] \| Artemis Wax Corp. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	1.30%		1.30%
Fair Value	[1],[2],[3],[4]	$ 4,822,941		$ 4,642,322
Cost	[1],[2],[4]	1,500,000		1,500,000
Principal/ Number of Shares	[1],[2],[4]	$ 934,463		$ 934,463
Original Acquisition Date	[1],[2],[4]	May 20, 2021		May 20, 2021
Total Consumer Services [Member] \| Artemis Wax Corp. Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.50%		0.40%
Fair Value	[1],[2],[4]	$ 1,716,380		$ 1,500,005	[3]
Cost	[1],[2],[4]	1,500,000		1,500,000
Principal/ Number of Shares	[1],[2],[4]	$ 290,595		$ 278,769
Original Acquisition Date	[1],[2],[4]	Dec. 22, 2022		Dec. 22, 2022
Total Consumer Services [Member] \| Destiny Solutions Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[7]	2.70%
Fair Value	[1],[2],[3],[4],[7]	$ 9,894,736
Cost	[1],[2],[4],[7]	3,969,291
Principal/ Number of Shares	[1],[2],[4],[7]	$ 3,068
Original Acquisition Date	[1],[2],[4],[7]	May 16, 2018
Total Corporate Education Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.20%		1.10%
Fair Value	[1],[2],[3]	$ 4,426,630		$ 3,809,091
Cost	[1],[2]	$ 475,698		$ 475,698
Total Corporate Education Software [Member] \| Schoox, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[7]	1.20%		1.10%
Fair Value	[1],[2],[3],[4],[7]	$ 4,426,630		$ 3,809,091
Cost	[1],[2],[4],[7]	475,698		475,698
Principal/ Number of Shares	[1],[2],[4],[7]	$ 1,050		$ 1,050
Original Acquisition Date	[1],[2],[4],[7]	Dec. 08, 2020		Dec. 08, 2020
Total Corporate Education Software [Member] \| ETU Holdings, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[8]			0.90%
Fair Value	[1],[2],[3],[4],[8]			$ 3,072,504
Cost	[1],[2],[4],[8]			3,000,000
Principal/ Number of Shares	[1],[2],[4],[8]			$ 3,000,000
Original Acquisition Date	[1],[2],[4],[8]			Aug. 18, 2022
Total Cyber Security [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	0.80%		0.70%
Fair Value	[1],[2],[3]	$ 2,826,009		$ 2,509,210
Cost	[1],[2]	$ 1,906,275		$ 1,906,275
Total Cyber Security [Member] \| GreyHeller LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.80%		0.70%
Fair Value	[1],[2],[3],[4]	$ 2,826,009		$ 2,509,210
Cost	[1],[2],[4]	1,906,275		1,906,275
Principal/ Number of Shares	[1],[2],[4]	$ 7,857,689		$ 7,857,689
Original Acquisition Date	[1],[2],[4]	Nov. 10, 2021		Nov. 10, 2021
Total Dental Practice Management [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	10.90%		3.50%
Fair Value	[1],[2],[3]	$ 40,234,843		$ 12,151,216
Cost	[1],[2]	$ 40,418,843		$ 12,046,965
Total Dental Practice Management [Member] \| Gen4 Dental Partners Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		3%	[1],[2],[5]	0%
Fair Value	[1],[2],[5]	$ 11,110,000	[3]
Cost	[1],[2],[5]	10,979,958		(94,504)
Principal/ Number of Shares	[1],[2],[5]	$ 11,000,000			[3]
Original Acquisition Date	[1],[2],[5]	Feb. 08, 2023		Feb. 08, 2023
Total Dental Practice Management [Member] \| Gen4 Dental Partners Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	0.30%	[4]	0.30%	[7]
Fair Value	[1],[2],[3]	$ 1,111,499	[4]	$ 1,000,000	[7]
Cost	[1],[2]	1,027,519	[4]	1,000,000	[7]
Principal/ Number of Shares	[1],[2]	$ 493,999	[4]	$ 480,769	[7]
Original Acquisition Date	[1],[2]	Feb. 08, 2023	[4]	Feb. 08, 2023	[7]
Total Dental Practice Management [Member] \| New England Dental Partners [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.70%		1.90%
Fair Value	[1],[2],[3]	$ 6,198,408		$ 6,523,536
Cost	[1],[2]	6,526,643		6,514,437
Principal/ Number of Shares	[1],[2]	$ 6,555,000		$ 6,555,000
Original Acquisition Date	[1],[2]	Nov. 25, 2020		Nov. 25, 2020
Total Dental Practice Management [Member] \| New England Dental Partners One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.20%		1.30%
Fair Value	[1],[2],[3]	$ 4,397,040		$ 4,627,680
Cost	[1],[2]	4,635,903		4,627,032
Principal/ Number of Shares	[1],[2]	$ 4,650,000		$ 4,650,000
Original Acquisition Date	[1],[2]	Nov. 25, 2020		Nov. 25, 2020
Total Dental Practice Management One [Member] \| Modis Dental Partners OpCo, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[8]	1.90%
Fair Value	[1],[2],[3],[8]	$ 7,113,400
Cost	[1],[2],[8]	6,906,453
Principal/ Number of Shares	[1],[2],[8]	$ 7,000,000
Original Acquisition Date	[1],[2],[8]	Apr. 18, 2023
Total Dental Practice Management One [Member] \| Modis Dental Partners OpCo, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		2.10%
Fair Value		$ 7,621,500
Cost		7,392,367
Principal/ Number of Shares		$ 7,500,000
Original Acquisition Date		Apr. 18, 2023
Total Dental Practice Management One [Member] \| Modis Dental Partners OpCo, LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.70%
Fair Value	[1],[2],[3],[4]	$ 2,682,996
Cost	[1],[2],[4]	2,950,000
Principal/ Number of Shares	[1],[2],[4]	$ 2,950,000
Original Acquisition Date	[1],[2],[4]	Apr. 18, 2023
Total Direct Selling Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	6.60%		7.50%
Fair Value	[1],[2],[3]	$ 24,073,455		$ 25,770,150
Cost	[1],[2]	$ 25,209,021		$ 25,882,494
Total Direct Selling Software [Member] \| Exigo, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	6.30%		7.10%
Fair Value	[1],[2],[3],[6]	$ 23,165,555		$ 24,504,825
Cost	[1],[2],[6]	24,167,354		24,632,494
Principal/ Number of Shares	[1],[2],[6]	$ 24,313,135		$ 24,812,500
Original Acquisition Date	[1],[2],[6]	Mar. 16, 2022		Mar. 16, 2022
Total Direct Selling Software [Member] \| Exigo, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%		0%
Fair Value		$ (49,167)		$ (51,667)
Cost	[1],[2],[5]				[7]
Principal/ Number of Shares	[1],[2],[3],[5]				[7]
Original Acquisition Date	[1],[2],[5]	Mar. 16, 2022		Mar. 16, 2022	[7]
Total Direct Selling Software [Member] \| Exigo, LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	0.30%	[4],[7]	0.10%	[5]
Fair Value	[1],[2],[3]	$ 957,067	[4],[7]	$ 195,417	[5]
Cost	[1],[2]	1,041,667	[4],[7]	208,333	[5]
Principal/ Number of Shares	[1],[2]	$ 1,041,667	[4],[7]	$ 208,334	[5]
Original Acquisition Date	[1],[2]	Mar. 16, 2022	[4],[7]	Mar. 16, 2022	[5]
Total Direct Selling Software [Member] \| Exigo, LLC Three [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[7]			0.30%
Fair Value	[1],[2],[3],[4],[7]			$ 1,121,575
Cost	[1],[2],[4],[7]			1,041,667
Principal/ Number of Shares	[1],[2],[4],[7]			$ 1,041,667
Original Acquisition Date	[1],[2],[4],[7]			Mar. 16, 2022
Total Education Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	7%		9.90%
Fair Value	[1],[2],[3]	$ 25,819,196		$ 34,488,718
Cost	[1],[2]	$ 39,927,391		$ 35,649,689
Total Education Services [Member] \| C2 Educational Systems, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	5.80%
Fair Value	[1],[2],[3],[6]	$ 21,459,150
Cost	[1],[2],[6]	21,478,821
Principal/ Number of Shares	[1],[2],[6]	$ 21,500,000
Original Acquisition Date	[1],[2],[6]	May 31, 2017
Total Education Services [Member] \| C2 Educational Systems, Inc.One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%
Fair Value	[1],[2],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[3],[5]	Apr. 28, 2023
Total Education Services [Member] \| C2 Education Systems, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.20%		0.20%
Fair Value	[1],[2],[3],[4]	$ 576,118		$ 629,892
Cost	[1],[2],[4]	499,904		499,904
Principal/ Number of Shares	[1],[2],[4]	$ 3,127		$ 3,127
Original Acquisition Date	[1],[2],[4]	May 18, 2021		May 18, 2021
Total Education Services [Member] \| Zollege PBC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	0.90%	[9]	4.30%
Fair Value	[1],[2],[3]	$ 3,493,509	[9]	$ 14,827,200
Cost	[1],[2]	16,340,466	[9]	15,905,830
Principal/ Number of Shares	[1],[2]	$ 16,409,153	[9]	$ 16,000,000
Original Acquisition Date	[1],[2]	May 11, 2021	[9]	May 11, 2021
Total Education Services [Member] \| Zollege PBC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]	0.10%	[9]	0.10%
Fair Value	[1],[2],[3],[5]	$ 290,419	[9]	$ 390,050
Cost	[1],[2],[5]	1,358,200	[9]	496,809
Principal/ Number of Shares	[1],[2],[5]	$ 1,364,109	[9]	$ 500,000
Original Acquisition Date	[1],[2],[5]	May 11, 2021	[9]	May 11, 2021
Total Education Services [Member] \| Zollege PBC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0%		0%
Fair Value	[1],[2],[3],[4]			$ 115,676
Cost	[1],[2],[4]	250,000		250,000
Principal/ Number of Shares	[1],[2],[4]	$ 250,000		$ 250,000
Original Acquisition Date	[1],[2],[4]	May 11, 2021		May 11, 2021
Total Education Services [Member] \| GoReact One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]	0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Jan. 18, 2022
Total Education Services [Member] \| C2 Educational Systems [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]			5.30%
Fair Value	[1],[2],[3],[6]			$ 18,525,900
Cost	[1],[2],[6]			18,497,146
Principal/ Number of Shares	[1],[2],[6]			$ 18,500,000
Original Acquisition Date	[1],[2],[6]			May 31, 2017
Total Education Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	12.40%		13.10%
Fair Value	[1],[2],[3]	$ 45,579,262		$ 44,955,219
Cost	[1],[2]	$ 39,231,039		$ 40,077,843
Total Education Software [Member] \| Destiny Solutions Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[7]			2.60%
Fair Value	[1],[2],[3],[4],[7]			$ 8,941,350
Cost	[1],[2],[4],[7]			3,969,291
Principal/ Number of Shares	[1],[2],[4],[7]			$ 3,068
Original Acquisition Date	[1],[2],[4],[7]			May 16, 2018
Total Education Software [Member] \| GoReact [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.20%		2.30%
Fair Value	[1],[2],[3]	$ 8,087,775		$ 7,982,783
Cost	[1],[2]	8,060,498		7,952,042
Principal/ Number of Shares	[1],[2]	$ 8,087,775		$ 8,006,000
Original Acquisition Date	[1],[2]	Jan. 17, 2020		Jan. 17, 2020
Total Education Software [Member] \| GoReact One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]			0.30%
Fair Value	[1],[2],[3],[5]			$ 997,848
Cost	[1],[2],[5]			1,000,750
Principal/ Number of Shares	[1],[2],[5]			$ 1,000,750
Original Acquisition Date	[1],[2],[5]			Jan. 18, 2022
Total Education Software [Member] \| Identity Automation Systems One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.20%		0.10%
Fair Value	[1],[2],[3],[4]	$ 569,355		$ 218,168
Cost	[1],[2],[4]	232,616		232,616
Principal/ Number of Shares	[1],[2],[4]	$ 232,616		$ 232,616
Original Acquisition Date	[1],[2],[4]	Aug. 25, 2014		Aug. 25, 2014
Total Education Software [Member] \| Identity Automation Systems Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.10%		0.10%
Fair Value	[1],[2],[3],[4]	$ 235,296		$ 217,370
Cost	[1],[2],[4]	171,571		171,571
Principal/ Number of Shares	[1],[2],[4]	$ 43,715		$ 43,715
Original Acquisition Date	[1],[2],[4]	Mar. 06, 2020		Mar. 06, 2020
Total Education Software [Member] \| Ready Education [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	7.20%		7.70%
Fair Value	[1],[2],[3]	$ 26,792,100		$ 26,597,700
Cost	[1],[2]	26,797,063		26,751,573
Principal/ Number of Shares	[1],[2]	$ 27,000,000		$ 27,000,000
Original Acquisition Date	[1],[2]	Aug. 05, 2022		Aug. 05, 2022
Total Facilities Maintenance [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	0.10%		0.10%
Fair Value	[1],[2],[3]	$ 231,181		$ 407,760
Cost	[1],[2]	$ 488,148		$ 488,148
Total Facilities Maintenance [Member] \| TG Pressure Washing Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.10%		0.10%
Fair Value	[1],[2],[3],[4]	$ 231,181		$ 407,760
Cost	[1],[2],[4]	488,148		488,148
Principal/ Number of Shares	[1],[2],[4]	$ 488,148		$ 488,148
Original Acquisition Date	[1],[2],[4]	Aug. 12, 2019		Aug. 12, 2019
Total Field Service Management [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.90%		2.80%
Fair Value	[1],[2],[3]	$ 10,708,480		$ 9,957,834
Cost	[1],[2]	$ 10,705,638		$ 9,923,727
Total Field Service Management [Member] \| Davisware, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.60%		1.70%
Fair Value	[1],[2],[3]	$ 5,989,200		$ 5,988,000
Cost	[1],[2]	5,991,382		5,972,735
Principal/ Number of Shares	[1],[2]	$ 6,000,000		$ 6,000,000
Original Acquisition Date	[1],[2]	Sep. 06, 2019		Sep. 06, 2019
Total Field Service Management [Member] \| Davisware, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.30%	[5]	1.10%
Fair Value	[1],[2],[3]	$ 4,719,280	[5]	$ 3,969,834
Cost	[1],[2]	4,714,256	[5]	3,950,992
Principal/ Number of Shares	[1],[2]	$ 4,727,790	[5]	$ 3,977,790
Original Acquisition Date	[1],[2]	Sep. 06, 2019	[5]	Sep. 06, 2019
Total Financial Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	7.10%		7.40%
Fair Value	[1],[2],[3]	$ 26,275,804		$ 26,218,290
Cost	[1],[2]	$ 26,136,433		$ 26,276,568
Total Financial Services [Member] \| GDS Software Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	6.10%		6.40%
Fair Value	[1],[2],[3]	$ 22,545,843		$ 22,311,890
Cost	[1],[2]	22,624,322		22,603,970
Principal/ Number of Shares	[1],[2]	$ 22,713,926		$ 22,713,926
Original Acquisition Date	[1],[2]	Dec. 30, 2021		Dec. 30, 2021
Total Financial Services [Member] \| GDS Software Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	0.90%		0.90%
Fair Value	[1],[2],[3]	$ 3,261,757		$ 3,227,910
Cost	[1],[2]	3,262,111		3,257,297
Principal/ Number of Shares	[1],[2]	$ 3,286,074		$ 3,286,074
Original Acquisition Date	[1],[2]	Dec. 30, 2021		Dec. 30, 2021
Total Financial Services [Member] \| GDS Software Holdings, LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[2],[4]	0.10%		0.10%	[1]
Fair Value	[2],[3],[4]	$ 468,204		$ 518,413	[1]
Cost	[2],[4]	250,000		250,000	[1]
Principal/ Number of Shares	[2],[4]	$ 250,000		$ 250,000	[1]
Original Acquisition Date	[2],[4]	Aug. 23, 2018		Aug. 23, 2018	[1]
Total Financial Services [Member] \| B. Riley Financial, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[10]			0%
Fair Value	[1],[2],[3],[10]			$ 160,077
Cost	[1],[2],[10]			165,301
Principal/ Number of Shares	[1],[2],[10]			$ 165,301
Original Acquisition Date	[1],[2],[10]			Oct. 18, 2022
Total Financial Services Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.70%		2.60%
Fair Value	[1],[2],[3]	$ 9,916,335		$ 9,096,250
Cost	[1],[2]	$ 9,990,834		$ 9,221,637
Total Financial Services Software [Member] \| Ascend Software LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.60%		1.70%
Fair Value	[1],[2],[3]	$ 5,920,200		$ 5,902,200
Cost	[1],[2]	5,961,680		5,952,354
Principal/ Number of Shares	[1],[2]	$ 6,000,000		$ 6,000,000
Original Acquisition Date	[1],[2]	Dec. 15, 2021		Dec. 15, 2021
Total Financial Services Software [Member] \| Ascend Software, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]	1.10%		0.90%
Fair Value	[1],[2],[3],[5]	$ 3,996,135		$ 3,194,050
Cost	[1],[2],[5]	4,029,154		3,269,283
Principal/ Number of Shares	[1],[2],[5]	$ 4,050,000		$ 3,300,000
Original Acquisition Date	[1],[2],[5]	Dec. 15, 2021		Dec. 15, 2021
Total Fire Inspection Business Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.70%
Fair Value	[1],[2],[3]	$ 9,916,000
Cost	[1],[2]	$ 9,908,861
Total Fire Inspection Business Software [Member] \| Inspect Point Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.70%
Fair Value	[1],[2],[3]	$ 9,916,000
Cost	[1],[2]	9,908,861
Principal/ Number of Shares	[1],[2]	$ 10,000,000
Original Acquisition Date	[1],[2]	Jul. 19, 2023
Total Fire Inspection Business Software [Member] \| Inspect Point Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%
Fair Value	[1],[2],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[3],[5]	Jul. 19, 2023
Total Health/Fitness Franchisor [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	8.70%
Fair Value	[1],[2],[3]	$ 32,032,331
Cost	[1],[2]	$ 31,740,931
Total Health/Fitness Franchisor [Member] \| Stretch Zone Franchising, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	8.10%
Fair Value	[1],[2],[3]	$ 29,970,000
Cost	[1],[2]	29,740,931
Principal/ Number of Shares	[1],[2]	$ 30,000,000
Original Acquisition Date	[1],[2]	Mar. 31, 2023
Total Health/Fitness Franchisor [Member] \| Stretch Zone Franchising, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%
Fair Value	[1],[2],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[3],[5]	Mar. 31, 2023
Total Health/Fitness Franchisor [Member] \| Stretch Zone Franchising, LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.60%
Fair Value	[1],[2],[3],[4]	$ 2,062,331
Cost	[1],[2],[4]	2,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 20,000
Original Acquisition Date	[1],[2],[4]	Mar. 31, 2023
Total Healthcare Services One [Member] \| Alpha Aesthetics Partners OpCo, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[8]	1.20%
Fair Value	[1],[2],[3],[8]	$ 3,959,670
Cost	[1],[2],[8]	3,847,845
Principal/ Number of Shares	[1],[2],[8]	$ 3,900,000
Original Acquisition Date	[1],[2],[8]	Mar. 20, 2023
Total Healthcare Services One [Member] \| Alpha Aesthetics Partners OpCo, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5],[8]	2.40%
Fair Value	[1],[2],[3],[5],[8]	$ 8,731,580
Cost	[1],[2],[5],[8]	8,482,841
Principal/ Number of Shares	[1],[2],[5],[8]	$ 8,600,000
Original Acquisition Date	[1],[2],[5],[8]	Mar. 20, 2023
Total Healthcare Services One [Member] \| Alpha Aesthetics Partners OpCo, LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.80%
Fair Value	[1],[2],[3],[4]	$ 2,859,121
Cost	[1],[2],[4]	2,850,000
Principal/ Number of Shares	[1],[2],[4]	$ 2,850,000
Original Acquisition Date	[1],[2],[4]	Mar. 20, 2023
Total Healthcare Services [Member] \| Axiom Medical Consulting, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.70%
Fair Value	[1],[2],[3]	$ 9,913,000
Cost	[1],[2]	9,917,367
Principal/ Number of Shares	[1],[2]	$ 10,000,000
Original Acquisition Date	[1],[2]	Sep. 11, 2023
Total Healthcare Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]			7.60%
Fair Value	[1],[2],[3]			$ 26,286,156
Cost	[1],[2]			$ 25,338,666
Total Healthcare Services [Member] \| Axiom Medical Consulting, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]	0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Sep. 11, 2023
Total Healthcare Services [Member] \| Axiom Parent Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.20%		0.40%
Fair Value	[1],[2],[4]	$ 630,740		$ 1,286,156	[3]
Cost	[1],[2],[4]	258,389		400,000
Principal/ Number of Shares	[1],[2],[4]	$ 400,000		$ 400,000
Original Acquisition Date	[1],[2],[4]	Jun. 19, 2018		Jun. 19, 2018
Total Healthcare Services [Member] \| ComForCare Health Care [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	6.80%
Fair Value	[1],[2],[3],[6]	$ 25,000,000
Cost	[1],[2],[6]	24,973,000
Principal/ Number of Shares	[1],[2],[6]	$ 25,000,000
Original Acquisition Date	[1],[2],[6]	Jan. 31, 2017
Total Healthcare Services [Member] \| ComForCare Health Care One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]			7.20%
Fair Value	[1],[2],[3],[6]			$ 25,000,000
Cost	[1],[2],[6]			24,938,666
Principal/ Number of Shares	[1],[2],[6]			$ 25,000,000
Original Acquisition Date	[1],[2],[6]			Jan. 31, 2017
Total Healthcare Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	14.10%
Fair Value	[1],[2],[3]	$ 51,094,111
Cost	[1],[2]	$ 50,329,442
Total Healthcare Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	32.50%		34.30%
Fair Value	[1],[2],[3]	$ 120,496,489		$ 119,123,921
Cost	[1],[2]	$ 116,918,187		$ 116,448,819
Total Healthcare Software [Member] \| HemaTerra Holding Company, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	14.90%		16%
Fair Value	[1],[2],[3],[6]	$ 55,087,003		$ 55,445,104
Cost	[1],[2],[6]	54,624,303		55,105,372
Principal/ Number of Shares	[1],[2],[6]	$ 54,927,713		$ 55,483,943
Original Acquisition Date	[1],[2],[6]	Apr. 15, 2019		Apr. 15, 2019
Total Healthcare Software [Member] \| HemaTerra Holding Company, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	3.70%		4%
Fair Value	[1],[2],[3]	$ 13,795,767		$ 13,885,448
Cost	[1],[2]	13,710,513		13,829,142
Principal/ Number of Shares	[1],[2]	$ 13,755,875		$ 13,895,175
Original Acquisition Date	[1],[2]	Apr. 15, 2019		Apr. 15, 2019
Total Healthcare Software [Member] \| TRC HemaTerra, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	1.40%		1.30%
Fair Value	[1],[2],[3],[4]	$ 5,362,439		$ 4,606,741
Cost	[1],[2],[4]	2,816,693		2,816,693
Principal/ Number of Shares	[1],[2],[4]	$ 2,487		$ 2,487
Original Acquisition Date	[1],[2],[4]	Apr. 15, 2019		Apr. 15, 2019
Total Healthcare Software [Member] \| Procurement Partners, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	9.50%		10.10%
Fair Value	[1],[2],[3]	$ 35,125,000		$ 35,103,925
Cost	[1],[2]	34,965,458		34,906,981
Principal/ Number of Shares	[1],[2]	$ 35,125,000		$ 35,125,000
Original Acquisition Date	[1],[2]	Nov. 12, 2020		Nov. 12, 2020
Total Healthcare Software [Member] \| Procurement Partners, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]	2.80%		2.70%
Fair Value	[1],[2],[3],[5]	$ 10,300,000		$ 9,294,420
Cost	[1],[2],[5]	10,230,001		9,219,412
Principal/ Number of Shares	[1],[2],[5]	$ 10,300,000		$ 9,300,000
Original Acquisition Date	[1],[2],[5]	Nov. 12, 2020		Nov. 12, 2020
Total Healthcare Software [Member] \| Procurement Partners Holdings LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.20%		0.20%
Fair Value	[1],[2],[3],[4]	$ 826,280		$ 788,283
Cost	[1],[2],[4]	571,219		571,219
Principal/ Number of Shares	[1],[2],[4]	$ 571,219		$ 571,219
Original Acquisition Date	[1],[2],[4]	Nov. 12, 2020		Nov. 12, 2020
Total Healthcare Supply [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%		0%
Fair Value	[1],[2]
Cost	[1],[2],[3]	$ 508,077		$ 508,077
Total Healthcare Supply [Member] \| Roscoe Medical, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[4]	0%
Fair Value	[1],[2],[4]
Cost	[1],[2],[3],[4]	508,077
Principal/ Number of Shares	[1],[2],[4]	$ 5,081
Original Acquisition Date	[1],[2],[4]	Mar. 26, 2014
Total Healthcare Supply [Member] \| Roscoe Medical, Inc. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets				0%
Fair Value	[1],[2],[4]
Cost	[1],[2],[3],[4]			508,077
Principal/ Number of Shares	[1],[2],[4]			$ 5,081
Original Acquisition Date	[1],[2],[4]			Mar. 26, 2014
Total Hospitality/Hotel [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	11.10%		11%
Fair Value	[1],[2],[3]	$ 41,447,199		$ 37,972,116
Cost	[1],[2]	$ 43,983,696		$ 43,943,239
Total Hospitality/Hotel [Member] \| Book4Time, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6],[10]	0.80%		0.90%
Fair Value	[1],[2],[3],[6],[10]	$ 3,136,517		$ 3,136,517
Cost	[1],[2],[6],[10]	3,122,542		3,116,896
Principal/ Number of Shares	[1],[2],[6],[10]	$ 3,136,517		$ 3,136,517
Original Acquisition Date	[1],[2],[6],[10]	Dec. 22, 2020		Dec. 22, 2020
Total Hospitality/Hotel [Member] \| Book4Time, Inc. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[10]	0.50%		0.60%
Fair Value	[1],[2],[3],[10]	$ 2,000,000		$ 2,000,000
Cost	[1],[2],[10]	1,989,839		1,984,212
Principal/ Number of Shares	[1],[2],[10]	$ 2,000,000		$ 2,000,000
Original Acquisition Date	[1],[2],[10]	Dec. 22, 2020		Dec. 22, 2020
Total Hospitality/Hotel [Member] \| Book4Time, Inc. Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[7],[10]	0.10%		0.10%
Fair Value	[1],[2],[3],[4],[7],[10]	$ 389,531		$ 281,778
Cost	[1],[2],[4],[7],[10]	156,826		156,826
Principal/ Number of Shares	[1],[2],[4],[7],[10]	$ 200,000		$ 200,000
Original Acquisition Date	[1],[2],[4],[7],[10]	Dec. 22, 2020		Dec. 22, 2020
Total Hospitality/Hotel [Member] \| Knowland Group, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	3.40%		2.80%	[9]
Fair Value	[1],[2],[3],[4]	$ 12,642,851		$ 9,760,821	[9]
Cost	[1],[2],[4]	15,878,989		15,878,989	[9]
Principal/ Number of Shares	[1],[2],[4]	$ 15,878,989		$ 15,878,989	[9]
Original Acquisition Date	[1],[2],[4]	Nov. 09, 2018		Nov. 09, 2018	[9]
Total Hospitality/Hotel [Member] \| Sceptre Hospitality Resources, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	6.30%		6.60%
Fair Value	[1],[2],[3]	$ 23,278,300		$ 22,793,000
Cost	[1],[2]	22,835,500		22,806,316
Principal/ Number of Shares	[1],[2]	$ 23,000,000		$ 23,000,000
Original Acquisition Date	[1],[2]	Apr. 27, 2020		Apr. 27, 2020
Total Hospitality/Hotel [Member] \| Sceptre Hospitality Resources, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%		0%
Fair Value	[1],[2],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[3],[5]	Sep. 02, 2021		Sep. 02, 2021
Total HVAC Services and Sales [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	16%		15.70%
Fair Value	[1],[2],[3]	$ 59,207,805		$ 54,450,000
Cost	[1],[2]	$ 58,841,345		$ 54,589,008
Total HVAC Services and Sales [Member] \| Granite Comfort, LP [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	11.60%		12.30%
Fair Value	[1],[2],[3],[6]	$ 43,000,000		$ 42,570,000
Cost	[1],[2],[6]	42,781,757		42,694,831
Principal/ Number of Shares	[1],[2],[6]	$ 43,000,000		$ 43,000,000
Original Acquisition Date	[1],[2],[6]	Nov. 16, 2020		Nov. 16, 2020
Total HVAC Services and Sales [Member] \| Granite Comfort, LP One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]	4.40%		3.40%
Fair Value	[1],[2],[3],[5]	$ 16,207,805		$ 11,880,000
Cost	[1],[2],[5]	16,059,588		11,894,177
Principal/ Number of Shares	[1],[2],[5]	$ 16,207,805		$ 12,000,000
Original Acquisition Date	[1],[2],[5]	Nov. 16, 2020		Nov. 16, 2020
Total Industrial Products [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.40%		2.80%
Fair Value	[1],[2],[3]	$ 9,095,121		$ 9,607,909
Cost	[1],[2]	$ 923,886		$ 3,089,986
Total Industrial Products [Member] \| Vector Controls Holding Co., LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	0.20%		0.90%
Fair Value	[1],[2],[3],[6]	$ 923,886		$ 3,089,986
Cost	[1],[2],[6]	923,886		3,089,986
Principal/ Number of Shares	[1],[2],[6]	$ 923,886		$ 3,089,986
Original Acquisition Date	[1],[2],[6]	Mar. 06, 2013		Mar. 06, 2013
Total Industrial Products [Member] \| Vector Controls Holding Co., LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		2.20%		1.90%
Fair Value	[1],[2],[4]	$ 8,171,235		$ 6,517,923
Cost	[1],[2],[3],[4]
Principal/ Number of Shares	[1],[2],[4]	$ 343		$ 343
Original Acquisition Date	[1],[2],[4]	May 31, 2015		May 31, 2015
Total Insurance Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	5.40%		4.90%
Fair Value	[1],[2],[3]	$ 19,821,100		$ 16,760,556
Cost	[1],[2]	$ 18,186,250		$ 15,876,121
Total Insurance Software [Member] \| AgencyBloc, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	4.30%		3.90%
Fair Value	[1],[2],[3]	$ 15,806,231		$ 13,449,114
Cost	[1],[2]	15,686,250		13,376,121
Principal/ Number of Shares	[1],[2]	$ 15,788,864		$ 13,469,318
Original Acquisition Date	[1],[2]	Oct. 01, 2021		Oct. 01, 2021
Total Insurance Software [Member] \| Panther ParentCo LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	1.10%
Fair Value	[1],[2],[3],[4]	$ 4,014,869
Cost	[1],[2],[4]	2,500,000
Principal/ Number of Shares	[1],[2],[4]	$ 2,500,000
Original Acquisition Date	[1],[2],[4]	Oct. 01, 2021
Total Insurance Software [Member] \| Panther ParentCo LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]			1%
Fair Value	[1],[2],[3],[4]			$ 3,311,442
Cost	[1],[2],[4]			2,500,000
Principal/ Number of Shares	[1],[2],[4]			$ 2,500,000
Original Acquisition Date	[1],[2],[4]			Oct. 01, 2021
Total IT Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	11.60%		12.40%
Fair Value	[1],[2],[3]	$ 43,000,000		$ 43,000,000
Cost	[1],[2]	$ 42,967,165		$ 42,953,087
Total IT Services [Member] \| LogicMonitor, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	11.60%		12.40%
Fair Value	[1],[2],[3],[6]	$ 43,000,000		$ 43,000,000
Cost	[1],[2],[6]	42,967,165		42,953,087
Principal/ Number of Shares	[1],[2],[6]	$ 43,000,000		$ 43,000,000
Original Acquisition Date	[1],[2],[6]	Mar. 20, 2020		Mar. 20, 2020
Total IT Services [Member] \| Netreo Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[11]			1.60%
Original Acquisition Date	[1],[2],[11]			Jul. 03, 2018
Total IT Services [Member] \| Netreo Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6],[11]			6.30%
Original Acquisition Date	[1],[2],[6],[11]			May 26, 2020
Total IT Services [Member] \| Netreo Holdings, LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[11]			4.90%
Original Acquisition Date	[1],[2],[4],[11]			Jul. 03, 2018
Total Lead management Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	3.30%		3.50%
Fair Value	[1],[2],[3]	$ 12,120,000		$ 12,090,000
Cost	[1],[2]	$ 11,920,834		$ 11,906,362
Total Lead management Software [Member] \| ActiveProspect, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	3.30%
Fair Value	[1],[2],[3],[6]	$ 12,120,000
Cost	[1],[2],[6]	11,920,834
Principal/ Number of Shares	[1],[2],[6]	$ 12,000,000
Original Acquisition Date	[1],[2],[6]	Aug. 08, 2022
Total Lead management Software [Member] \| ActiveProspect, Inc. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%
Fair Value	[1],[2],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[3],[5]	Aug. 08, 2022
Total Lead management Software [Member] \| ActiveProspect, Inc Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]			3.50%
Fair Value	[1],[2],[3],[6]			$ 12,090,000
Cost	[1],[2],[6]			11,906,362
Principal/ Number of Shares	[1],[2],[6]			$ 12,000,000
Original Acquisition Date	[1],[2],[6]			Aug. 08, 2022
Total Lead management Software [Member] \| ActiveProspect, Inc Three [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets				0%
Fair Value	[1],[2],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[3],[5]			Aug. 08, 2022
Total Legal Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	5.60%		6%
Fair Value	[1],[2],[3]	$ 20,709,446		$ 20,699,256
Cost	[1],[2]	$ 20,882,496		$ 21,055,931
Total Legal Software [Member] \| Centerbase, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	5.60%		6%
Fair Value	[1],[2],[3]	$ 20,709,446		$ 20,699,256
Cost	[1],[2]	20,882,496		21,055,931
Principal/ Number of Shares	[1],[2]	$ 21,033,360		$ 21,247,440
Original Acquisition Date	[1],[2]	Jan. 18, 2022		Jan. 18, 2022
Total Marketing Orchestration Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	5%		5.40%
Fair Value	[1],[2],[3]	$ 18,420,006		$ 18,715,000
Cost	[1],[2]	$ 18,544,720		$ 18,626,777
Total Marketing Orchestration Software [Member] \| Madison Logic, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	5%		5.40%
Fair Value	[1],[2],[6]	$ 18,420,006		$ 18,715,000	[3]
Cost	[1],[2],[6]	18,544,720		18,626,777
Principal/ Number of Shares	[1],[2],[6]	$ 18,857,500		$ 19,000,000
Original Acquisition Date	[1],[2],[6]	Dec. 30, 2022		Dec. 10, 2021
Total Mental Healthcare Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	10.20%		4.90%
Fair Value	[1],[2],[3]	$ 37,377,120		$ 16,921,769
Cost	[1],[2]	$ 37,512,347		$ 17,097,115
Total Mental Healthcare Services [Member] \| ARC Health OpCo LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	1.80%		1.90%
Fair Value	[1],[2],[3],[6]	$ 6,490,900		$ 6,461,000
Cost	[1],[2],[6]	6,438,832		6,427,296
Principal/ Number of Shares	[1],[2],[6]	$ 6,500,000		$ 6,500,000
Original Acquisition Date	[1],[2],[6]	Aug. 05, 2022		Aug. 05, 2022
Total Mental Healthcare Services [Member] \| ARC Health OpCo LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5],[6]	7.30%		2.20%
Fair Value	[1],[2],[3],[5],[6]	$ 26,876,897		$ 7,680,616
Cost	[1],[2],[5],[6]	26,903,916		7,634,711
Principal/ Number of Shares	[1],[2],[5],[6]	$ 26,914,577		$ 7,726,978
Original Acquisition Date	[1],[2],[5],[6]	Aug. 05, 2022		Aug. 05, 2022
Total Mental Healthcare Services [Member] \| ARC Health OpCo LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	1.10%		0.80%
Fair Value	[1],[2],[3],[4]	$ 4,009,323		$ 2,780,153
Cost	[1],[2],[4]	4,169,599		3,035,108
Principal/ Number of Shares	[1],[2],[4]	$ 3,818,400		$ 2,808,236
Original Acquisition Date	[1],[2],[4]	Aug. 05, 2022		Aug. 05, 2022
Total Mentoring Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	5.90%		6.20%
Fair Value	[1],[2],[3]	$ 22,068,881		$ 21,359,003
Cost	[1],[2]	$ 22,874,859		$ 20,861,414
Total Mentoring Software [Member] \| Chronus LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	4%		4.30%
Fair Value	[1],[2],[3]	$ 14,841,000		$ 14,890,500
Cost	[1],[2]	14,911,921		14,887,780
Principal/ Number of Shares	[1],[2]	$ 15,000,000		$ 15,000,000
Original Acquisition Date	[1],[2]	Aug. 26, 2021		Aug. 26, 2021
Total Mentoring Software [Member] \| Chronus LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.30%		0.90%
Fair Value	[1],[2],[3]	$ 4,947,000		$ 2,978,100
Cost	[1],[2]	4,962,938		2,973,634
Principal/ Number of Shares	[1],[2]	$ 5,000,000		$ 3,000,000
Original Acquisition Date	[1],[2]	Aug. 26, 2021		Aug. 26, 2021
Total Mentoring Software [Member] \| Chronus LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.60%		1%
Fair Value	[1],[2],[3],[4]	$ 2,280,881		$ 3,490,403
Cost	[1],[2],[4]	3,000,000		3,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 3,000		$ 3,000
Original Acquisition Date	[1],[2],[4]	Aug. 26, 2021		Aug. 26, 2021
Total Non-profit Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	4.40%		3.80%
Fair Value	[1],[2],[3]	$ 16,266,938		$ 13,095,223
Cost	[1],[2]	$ 16,239,922		$ 13,091,197
Total Non-profit Services [Member] \| Omatic Software, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	4.40%		3.80%
Fair Value	[1],[2],[3]	$ 16,266,938		$ 13,095,223
Cost	[1],[2]	16,239,922		13,091,197
Principal/ Number of Shares	[1],[2]	$ 16,270,192		$ 13,122,781
Original Acquisition Date	[1],[2]	May 29, 2018		May 29, 2018
Total Office Supplies [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.90%		1.80%
Fair Value	[1],[2],[3]	$ 7,180,874		$ 6,372,555
Cost	[1],[2]	$ 6,392,437		$ 6,374,379
Total Office Supplies [Member] \| Emily Street Enterprises, L.L.C. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.60%		1.70%
Fair Value	[1],[2],[3]	$ 6,027,000		$ 5,965,800
Cost	[1],[2]	5,992,437		5,974,379
Principal/ Number of Shares	[1],[2]	$ 6,000,000		$ 6,000,000
Original Acquisition Date	[1],[2]	Dec. 28, 2012		Dec. 28, 2012
Total Office Supplies [Member] \| Emily Street Enterprises, L.L.C. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.30%		0.10%
Fair Value	[1],[2],[3],[4]	$ 1,153,874		$ 406,755
Cost	[1],[2],[4]	400,000		400,000
Principal/ Number of Shares	[1],[2],[4]	$ 49,318		$ 49,318
Original Acquisition Date	[1],[2],[4]	Dec. 28, 2012		Dec. 28, 2012
Total Real Estate Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	14.10%		15.40%
Fair Value	[1],[2],[3]	$ 52,350,445		$ 53,406,469
Cost	[1],[2]	$ 53,665,591		$ 53,554,581
Total Real Estate Services [Member] \| Buildout, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	3.70%	[6]	4%
Fair Value	[1],[2],[3]	$ 13,631,800	[6]	$ 13,855,800
Cost	[1],[2]	13,950,236	[6]	13,924,435
Principal/ Number of Shares	[1],[2]	$ 14,000,000	[6]	$ 14,000,000
Original Acquisition Date	[1],[2]	Jul. 09, 2020	[6]	Jul. 09, 2020
Total Real Estate Services [Member] \| Buildout, Inc. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	10.10%		11%
Fair Value	[1],[2],[3]	$ 37,487,450		$ 38,103,450
Cost	[1],[2]	38,342,798		38,257,589
Principal/ Number of Shares	[1],[2]	$ 38,500,000		$ 38,500,000
Original Acquisition Date	[1],[2]	Feb. 12, 2021		Feb. 12, 2021
Total Real Estate Services [Member] \| Buildout, Inc. Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[7]	0.30%		0.40%
Fair Value	[1],[2],[3],[4],[7]	$ 1,231,195		$ 1,447,219
Cost	[1],[2],[4],[7]	1,372,557		1,372,557
Principal/ Number of Shares	[1],[2],[4],[7]	$ 1,250		$ 1,250
Original Acquisition Date	[1],[2],[4],[7]	Jul. 09, 2020		Jul. 09, 2020
Total Research Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	7.20%		3%
Fair Value	[1],[2],[3]	$ 26,254,706		$ 10,676,983
Cost	[1],[2]	$ 26,176,748		$ 10,628,283
Total Research Software [Member] \| Wellspring Worldwide Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.60%		2.70%
Fair Value	[1],[2],[3]	$ 9,483,226		$ 9,540,480
Cost	[1],[2]	9,474,084		9,503,123
Principal/ Number of Shares	[1],[2]	$ 9,552,000		$ 9,600,000
Original Acquisition Date	[1],[2]	Jun. 27, 2022		Jun. 27, 2022
Total Research Software [Member] \| Wellspring Worldwide Inc. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		3.90%
Fair Value		$ 14,296,320
Cost		14,227,504
Principal/ Number of Shares		$ 14,400,000
Original Acquisition Date		Jun. 27, 2022
Total Research Software [Member] \| Archimedes Parent LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.70%		0.30%
Fair Value	[1],[2],[3],[4]	$ 2,475,160		$ 1,136,503
Cost	[1],[2],[4]	2,475,160		1,125,160
Principal/ Number of Shares	[1],[2],[4]	$ 2,475,160		$ 1,125,160
Original Acquisition Date	[1],[2],[4]	Jun. 27, 2022		Jun. 27, 2022
Total Restaurant [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	6.20%		7.10%
Fair Value	[1],[2],[3]	$ 22,580,272		$ 24,826,161
Cost	[1],[2]	$ 21,861,817		$ 25,051,847
Total Restaurant [Member] \| LFR Chicken LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	3.30%		3.40%
Fair Value	[1],[2],[3]	$ 12,104,400		$ 11,866,800
Cost	[1],[2]	11,926,272		11,906,864
Principal/ Number of Shares	[1],[2]	$ 12,000,000		$ 12,000,000
Original Acquisition Date	[1],[2]	Nov. 19, 2021		Nov. 19, 2021
Total Restaurant [Member] \| LFR Chicken LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	2.50%		2.60%	[5]
Fair Value	[1],[2],[3]	$ 9,078,300		$ 8,900,100	[5]
Cost	[1],[2]	8,935,545		8,927,326	[5]
Principal/ Number of Shares	[1],[2]	$ 9,000,000		$ 9,000,000	[5]
Original Acquisition Date	[1],[2]	Nov. 19, 2021		Nov. 19, 2021	[5]
Total Restaurant [Member] \| LFR Chicken LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4]	0.40%		0.30%
Fair Value	[1],[2],[3],[4]	$ 1,397,572		$ 1,177,373
Cost	[1],[2],[4]	1,000,000		1,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 497,183		$ 497,183
Original Acquisition Date	[1],[2],[4]	Nov. 19, 2021		Nov. 19, 2021
Total Restaurant [Member] \| TMAC Acquisition Co., LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]			0.80%
Fair Value	[1],[2],[3]			$ 2,881,888
Cost	[1],[2]			3,217,657
Principal/ Number of Shares	[1],[2]			$ 3,217,657
Original Acquisition Date	[1],[2]			Mar. 01, 2018
Total Roofing Contractor Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	5.10%
Fair Value	[1],[2],[3]	$ 19,014,055
Cost	[1],[2]	$ 18,624,294
Total Roofing Contractor Software [Member] \| JobNimbus LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	5.10%
Fair Value	[1],[2],[3]	$ 19,014,055
Cost	[1],[2]	18,624,294
Principal/ Number of Shares	[1],[2]	$ 18,777,459
Original Acquisition Date	[1],[2]	Mar. 28, 2023
Total Specialty Food Retailer [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	0.70%		7%
Fair Value	[1],[2],[3]	$ 2,488,682		$ 24,410,861
Cost	[1],[2]	$ 35,437,789		$ 34,255,863
Total Specialty Food Retailer [Member] \| Pepper Palace, Inc [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	0.70%	[9]	7%
Fair Value	[1],[2],[3],[6]	$ 2,409,036	[9]	$ 24,410,861
Cost	[1],[2],[6]	33,148,332	[9]	33,255,863
Principal/ Number of Shares	[1],[2],[6]	$ 33,320,000	[9]	$ 33,490,000
Original Acquisition Date	[1],[2],[6]	Jun. 30, 2021	[9]	Jun. 30, 2021
Total Specialty Food Retailer [Member] \| Pepper Palace, Inc. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%	[1],[2],[5],[9]	0%
Fair Value	[1],[2],[5]	$ 79,646	[3],[9]
Cost	[1],[2],[5]	1,092,422	[9]
Principal/ Number of Shares	[1],[2],[5]	$ 1,101,600	[9]
Original Acquisition Date	[1],[2],[5]	Jun. 30, 2021	[9]	Jun. 30, 2021	[3]
Total Specialty Food Retailer [Member] \| Pepper Palace, Inc. Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%		0%
Fair Value	[1],[2],[5]		[9]
Cost	[1],[2],[5]		[9]
Principal/ Number of Shares	[1],[2],[5]		[9]
Original Acquisition Date	[1],[2],[3],[5]	Jun. 30, 2021	[9]	Jun. 30, 2021
Total Specialty Food Retailer [Member] \| Pepper Palace, Inc. Three [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%		0%
Fair Value	[1],[2],[4]
Cost	[1],[2],[3],[4]	1,000,000		1,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 1,000,000		$ 1,000,000
Original Acquisition Date	[1],[2],[4]	Jun. 30, 2021		Jun. 30, 2021
Total Specialty Food Retailer [Member] \| Pepper Palace, Inc Four [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%
Fair Value	[1],[2],[4]
Cost	[1],[2],[3],[4]	197,035
Principal/ Number of Shares	[1],[2],[4]	$ 197,035
Original Acquisition Date	[1],[2],[4]	Jun. 30, 2021
Total Sports Management [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	7.30%		7.70%
Fair Value	[1],[2],[3]	$ 27,000,000		$ 26,711,100
Cost	[1],[2]	$ 26,945,071		$ 26,894,505
Total Sports Management [Member] \| ArbiterSports, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6]	7%		7.40%
Fair Value	[1],[2],[3],[6]	$ 26,000,000		$ 25,721,800
Cost	[1],[2],[6]	25,945,071		25,894,505
Principal/ Number of Shares	[1],[2],[6]	$ 26,000,000		$ 26,000,000
Original Acquisition Date	[1],[2],[6]	Feb. 21, 2020		Feb. 21, 2020
Total Sports Management [Member] \| ArbiterSports, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	0.30%
Fair Value	[1],[2],[3]	$ 1,000,000
Cost	[1],[2]	1,000,000
Principal/ Number of Shares	[1],[2]	$ 1,000,000
Original Acquisition Date	[1],[2]	Feb. 21, 2020
Total Staffing Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0.90%		0.60%	[1],[2]
Fair Value		$ 3,287,970		$ 2,079,325	[1],[2],[3]
Cost		$ 100,000		$ 100,000	[1],[2]
Total Staffing Services [Member] \| Avionte Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0.90%		0.60%	[1],[2],[4]
Fair Value		$ 3,287,970		$ 2,079,325	[1],[2],[3],[4]
Cost		100,000		100,000	[1],[2],[4]
Principal/ Number of Shares		$ 100,000		$ 100,000	[1],[2],[4]
Original Acquisition Date		Jan. 08, 2014		Jan. 08, 2014	[1],[2],[4]
Total Talent Acquisition Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	7.50%		7.50%
Fair Value	[1],[2],[3]	$ 26,896,000		$ 25,999,000
Cost	[1],[2]	$ 26,822,857		$ 25,805,393
Total Talent Acquisition Software [Member] \| JDXpert [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		1.60%		1.70%	[1],[2]
Fair Value		$ 6,060,000		$ 6,045,000	[1],[2],[3]
Cost		5,955,935		5,947,780	[1],[2]
Principal/ Number of Shares		$ 6,000,000		$ 6,000,000	[1],[2]
Original Acquisition Date		May 02, 2022		May 02, 2022	[1],[2]
Total Talent Acquisition Software [Member] \| JDXpert One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0.30%	[1],[2],[5]	0%
Fair Value	[1],[2]	$ 1,010,000	[3],[5]
Cost	[1],[2]	991,649	[5]
Principal/ Number of Shares	[1],[2],[5]	$ 1,000,000
Original Acquisition Date	[1],[2]	May 02, 2022	[5]	May 02, 2022	[3]
Total Talent Acquisition Software [Member] \| Jobvite, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[2]	5.60%		5.80%	[1],[6]
Fair Value	[2]	$ 19,826,000		$ 19,954,000	[1],[3],[6]
Cost	[2]	19,875,273		19,857,613	[1],[6]
Principal/ Number of Shares	[2]	$ 20,000,000		$ 20,000,000	[1],[6]
Original Acquisition Date	[2]	Aug. 05, 2022		Aug. 05, 2022	[1],[6]
Total Veterinary Services [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	1.30%
Fair Value	[1],[2],[3]	$ 4,753,048
Cost	[1],[2]	$ 4,638,599
Total Veterinary Services [Member] \| VetnCare MSO, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5]	1.30%
Fair Value	[1],[2],[3],[5]	$ 4,753,048
Cost	[1],[2],[5]	4,638,599
Principal/ Number of Shares	[1],[2],[5]	$ 4,680,505
Original Acquisition Date	[1],[2],[5]	May 12, 2023
Sub Total Non-control/Non-affiliate investments [Member] \| Jobvite, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]			238.60%
Fair Value	[1],[2],[3]			$ 828,028,800
Cost	[1],[2]			$ 819,966,208
Sub Total Non-control/Non-affiliate investments [Member] \| VetnCare MSO, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	276.50%
Fair Value	[1],[2],[3]	$ 1,019,774,616
Cost	[1],[2]	$ 1,035,879,751
Total Corporate Education Software [Member] \| ETU Holdings, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[8]	1.90%		1.50%
Fair Value	[1],[2],[3],[8]	$ 6,983,200		$ 5,175,327
Cost	[1],[2],[8]	6,945,060		5,235,433
Principal/ Number of Shares	[1],[2],[8]	$ 7,000,000		$ 5,282,563
Original Acquisition Date	[1],[2],[8]	Aug. 18, 2022		Aug. 18, 2022
Total Corporate Education Software [Member] \| ETU Holdings, Inc. One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[8]	1.50%
Fair Value	[1],[2],[3],[8]	$ 5,454,290
Cost	[1],[2],[8]	6,089,408
Principal/ Number of Shares	[1],[2],[8]	$ 6,130,483
Original Acquisition Date	[1],[2],[8]	Aug. 18, 2022
Total Corporate Education Software [Member] \| ETU Holdings, Inc Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[8]	0.30%
Fair Value	[1],[2],[3],[4],[8]	$ 1,162,040
Cost	[1],[2],[4],[8]	3,000,000
Principal/ Number of Shares	[1],[2],[4],[8]	$ 3,000,000
Original Acquisition Date	[1],[2],[4],[8]	Aug. 18, 2022
Total Corporate Education Software [Member] \| ETU Holdings, Inc. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[8]			2%
Fair Value	[1],[2],[3],[8]			$ 7,006,300
Cost	[1],[2],[8]			6,935,556
Principal/ Number of Shares	[1],[2],[8]			$ 7,000,000
Original Acquisition Date	[1],[2],[8]			Aug. 18, 2022
Total Corporate Education Software One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	3.70%		4.40%
Fair Value	[1],[2],[3]	$ 13,599,530		$ 15,254,131
Cost	[1],[2]	$ 16,034,468		$ 15,170,989
Total Employee Collaboration Software [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	3.80%		3.70%
Fair Value	[1],[2],[3]	$ 14,149,607		$ 13,051,740
Cost	[1],[2]	$ 10,672,947		$ 10,551,331
Total Employee Collaboration Software [Member] \| Axero Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[8]	1.50%		1.60%
Fair Value	[1],[2],[3],[8]	$ 5,555,000		$ 5,513,200
Cost	[1],[2],[8]	5,468,859		5,460,448
Principal/ Number of Shares	[1],[2],[8]	$ 5,500,000		$ 5,500,000
Original Acquisition Date	[1],[2],[8]	Jun. 30, 2021		Jun. 30, 2021
Total Employee Collaboration Software [Member] \| Axero Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[8]	0.30%		0.30%
Fair Value	[1],[2],[3],[8]	$ 1,111,000		$ 1,102,640
Cost	[1],[2],[8]	1,092,870		1,090,883
Principal/ Number of Shares	[1],[2],[8]	$ 1,100,000		$ 1,100,000
Original Acquisition Date	[1],[2],[8]	Jun. 30, 2021		Jun. 30, 2021
Total Employee Collaboration Software [Member] \| Axero Holdings, LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		0%		0%
Fair Value					[1],[2],[5],[8]
Cost					[1],[2],[5],[8]
Principal/ Number of Shares					[1],[2],[5],[8]
Original Acquisition Date		Feb. 03, 2022		Feb. 03, 2022	[1],[2],[3],[5],[8]
Total Employee Collaboration Software [Member] \| Axero Holdings, LLC Three [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[8]	0.80%		0.70%
Fair Value	[1],[2],[3],[4],[8]	$ 2,877,000		$ 2,498,000
Cost	[1],[2],[4],[8]	2,055,609		2,000,000
Principal/ Number of Shares	[1],[2],[4],[8]	$ 2,055,609		$ 2,000,000
Original Acquisition Date	[1],[2],[4],[8]	Jun. 30, 2021		Jun. 30, 2021
Total Employee Collaboration Software [Member] \| Axero Holdings, LLC Four [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[8]	1.20%		1.10%
Fair Value	[1],[2],[3],[4],[8]	$ 4,606,607		$ 3,937,900
Cost	[1],[2],[4],[8]	2,055,609		2,000,000
Principal/ Number of Shares	[1],[2],[4],[8]	$ 2,055,609		$ 2,000,000
Original Acquisition Date	[1],[2],[4],[8]	Jun. 30, 2021		Jun. 30, 2021
Sub Total Affiliate investments [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	7.50%		8.10%
Fair Value	[1],[2],[3]	$ 27,749,137		$ 28,305,871
Cost	[1],[2]	$ 26,707,415		$ 25,722,320
Total IT Services One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	9.60%		12.80%
Fair Value	[1],[2],[3]	$ 35,421,889
Cost	[1],[2]	$ 39,224,743
Total IT Services One [Member] \| Netreo Holdings, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[11]	1.50%
Fair Value	[1],[2],[3],[11]	$ 5,582,719
Cost	[1],[2],[11]	5,686,791
Principal/ Number of Shares	[1],[2],[11]	$ 5,693,748
Original Acquisition Date	[1],[2],[11]	Jul. 03, 2018
Total IT Services One [Member] \| Netreo Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[6],[11]	6.70%
Fair Value	[1],[2],[3],[6],[11]	$ 24,778,425
Cost	[1],[2],[6],[11]	25,193,452
Principal/ Number of Shares	[1],[2],[6],[11]	$ 25,271,214
Original Acquisition Date	[1],[2],[6],[11]	May 26, 2020
IT Services [Member] \| Netreo Holdings, LLC Two [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[4],[11]	1.40%
Fair Value	[1],[2],[3],[4],[11]	$ 5,060,745
Cost	[1],[2],[4],[11]	8,344,500
Principal/ Number of Shares	[1],[2],[4],[11]	$ 4,600,677
Original Acquisition Date	[1],[2],[4],[11]	Jul. 03, 2018
Structured Finance Securities [Member] \| Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[10],[11],[12]	2.60%
Fair Value	[1],[2],[3],[10],[11],[12]	$ 9,500,627
Cost	[1],[2],[10],[11],[12]	22,001,887
Principal/ Number of Shares	[1],[2],[10],[11],[12]	$ 111,000,000
Original Acquisition Date	[1],[2],[10],[11],[12]	Jan. 22, 2008
Structured Finance Securities [Member] \| Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[10],[11]	2.40%
Fair Value	[1],[2],[3],[10],[11]	$ 8,875,227
Cost	[1],[2],[10],[11]	9,375,000
Principal/ Number of Shares	[1],[2],[10],[11]	$ 9,375,000
Original Acquisition Date	[1],[2],[10],[11]	Aug. 09, 2021
Structured Finance Securities Two [Member] \| Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[10],[11]	3.30%
Fair Value	[1],[2],[3],[10],[11]	$ 12,250,000
Cost	[1],[2],[10],[11]	11,392,500
Principal/ Number of Shares	[1],[2],[10],[11]	$ 12,250,000
Original Acquisition Date	[1],[2],[10],[11]	Oct. 28, 2022
Total Structured Finance Securities [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	8.30%		11.90%
Fair Value	[1],[2],[3]	$ 30,625,854
Cost	[1],[2]	$ 42,769,387
Total Structured Finance Securities [Member] \| Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[10],[11],[12]			6.10%
Original Acquisition Date	[1],[2],[10],[11],[12]			Jan. 22, 2008
Total Structured Finance Securities [Member] \| Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[10],[11]			2.50%
Original Acquisition Date	[1],[2],[10],[11]			Aug. 09, 2021
Total Structured Finance Securities [Member] \| Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[10],[11]			3.30%
Original Acquisition Date	[1],[2],[10],[11]			Oct. 28, 2022
Total Investment Fund [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]			8.90%
Total Investment Fund [Member] \| Saratoga Senior Loan Fund I JV, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5],[10],[11]	4.30%
Fair Value	[1],[2],[3],[5],[10],[11]	$ 15,818,297
Cost	[1],[2],[5],[10],[11]	17,618,954
Principal/ Number of Shares	[1],[2],[5],[10],[11]	$ 17,618,954
Original Acquisition Date	[1],[2],[5],[10],[11]	Dec. 17, 2021
Total Investment Fund [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets		6.80%
Fair Value		$ 25,222,293
Cost		$ 35,202,441
Total Investment Fund [Member] \| Saratoga Senior Loan Fund I JV, LLC [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2],[5],[10],[11]			5.10%
Original Acquisition Date	[1],[2],[5],[10],[11]			Feb. 17, 2022
Total Investment Fund [Member] \| Saratoga Senior Loan Fund I JV, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[10],[11]	2.50%		3.80%	[1],[2],[4]
Fair Value	[10],[11]	$ 9,403,996
Cost	[10],[11]	17,583,487
Principal/ Number of Shares	[10],[11]	$ 17,583,486
Original Acquisition Date	[10],[11]	Dec. 17, 2021		Feb. 17, 2022	[1],[2],[4]
Sub Total Control investments [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	24.70%		33.60%
Fair Value	[1],[2],[3]	$ 91,270,036
Cost	[1],[2]	$ 117,196,571
Total Investments [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]	308.70%		280.30%
Fair Value	[1],[2],[3]	$ 1,138,793,789
Cost	[1],[2]	$ 1,179,783,737
ArbiterSports, LLC One [Member] \| ArbiterSports, LLC One [Member]
Non-control/Non-affiliate investments - 276.5% (b)
% of Net Assets	[1],[2]			0.30%
Fair Value	[1],[2],[3]			$ 989,300
Cost	[1],[2]			1,000,000
Principal/ Number of Shares	[1],[2]			$ 1,000,000
Original Acquisition Date	[1],[2]			Feb. 21, 2020

[1]Percentages are based on net assets of $370,224,108 as of February 29, 2024.[2]Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities.[3]Because there is no “readily available market quotations” (as defined in the 1940 Act) for these investments, the fair values of these investments were determined using significant unobservable inputs and approved in good faith by our board of directors. These investments have been included as Level 3 in the Fair Value Hierarchy (see Note 3 to the consolidated financial statements).[4]Non-income producing at February 29, 2024.[5]All or a portion of this investment has an unfunded commitment as of February 29, 2024. (See Note 9 to the consolidated financial statements).[6]These securities are either fully or partially pledged as collateral under the Company’s senior secured revolving credit facility (see Note 8 to the consolidated financial statements).[7]Includes securities issued by an affiliate of the company.[8]As defined in the 1940 Act, this portfolio company is an “affiliate” as we own between 5.0% and 25.0% of the outstanding voting securities. Modis Dental Partners OpCo, LLC and Alpha Aesthetics Partners OpCo, LLC are no longer affiliates as of February 29, 2024. Transactions during the year ended February 29, 2024 in which the issuer was an affiliate are as follows:[9]As of February 29, 2024, the investment was on non-accrual status. The fair value of these investments was approximately $18.9 million, which represented 1.7% of the Company’s portfolio (see Note 2 to the consolidated financial statements).[10]Represents an investment that is not a “qualifying asset” under Section 55(a) of the Investment Company Act of 1940, as amended (the 1940 Act”). As of February 29, 2024, non-qualifying assets represent 6.2% of the Company’s portfolio at fair value. As a BDC, the Company generally has to invest at least 70% of its total assets in qualifying assets.[11]As defined in the 1940 Act, we “control” this portfolio company because we own more than 25% of the portfolio company’s outstanding voting securities. Transactions during the year ended February 29, 2024 in which the issuer was both an affiliate and a portfolio company that we control are as follows:[12]This investment does not have a stated interest rate that is payable thereon. As a result, the 0.00% interest rate in the table above represents the effective interest rate currently earned on the investment cost and is based on the current cash interest and other income generated by the investment.

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (Parentheticals)		Feb. 29, 2024		Feb. 28, 2023
Total Alternative Investment Management Software [Member] \| Altvia MidCo, LLC. [Member]
Investment variable rate	[1],[2]	8.50%		8.50%
Investment interest rate	[1],[2]	13.83%		13.39%
Investment maturity date	[1],[2]	Jul. 18, 2027		Jul. 18, 2027
Total Architecture & Engineering Software [Member] \| BQE Software, Inc. [Member]
Investment variable rate	[1],[2]	6.75%
Investment interest rate	[1],[2]	12.08%
Investment maturity date	[1]	Apr. 13, 2028
Total Architecture & Engineering Software [Member] \| BQE Software, Inc. [Member]
Investment variable rate	[1],[2],[3]	6.75%
Investment interest rate	[1],[2],[3]	12.08%
Investment maturity date	[1],[2],[3]	Apr. 13, 2028
Total Association Management Software [Member] \| GrowthZone, LLC [Member]
Investment variable rate	[1],[2]	8.25%
Investment interest rate	[1],[2]	13.58%
Investment maturity date	[1],[2]	May 10, 2028
Total Consumer Services [Member] \| Artemis Wax Corp.[Member]
Investment variable rate	[1],[2],[5]	6.75%	[4]	6.75%	[3]
Investment interest rate	[1],[2],[3],[5]	12.07%		11.41%
Investment maturity date	[1],[2],[3],[5]	May 20, 2026		May 20, 2026
Total Dental Practice Management [Member] \| Gen4 Dental Partners Holdings, LLC [Member]
Investment variable rate	[1],[2],[3]	10.22%		10.35%
Investment interest rate	[1],[2],[3]	15.55%		15.24%
Investment maturity date	[1],[2],[3]	Apr. 29, 2026		Apr. 29, 2026
Total Dental Practice Management [Member] \| New England Dental Partners [Member]
Investment variable rate	[1],[2]	8%		8%
Investment interest rate	[1],[2]	13.48%		12.97%
Investment maturity date	[1],[2]	Nov. 25, 2025		Nov. 25, 2025
Total Dental Practice Management [Member] \| New England Dental Partners One [Member]
Investment variable rate	[1],[2]	8%		8%
Investment interest rate	[1],[2]	13.48%		12.97%
Investment maturity date	[1],[2]	Nov. 25, 2025		Jan. 25, 2025
Total Dental Practice Management One [Member] \| Modis Dental Partners OpCo, LLC [Member]
Investment variable rate	[1],[2]	9.48%
Investment interest rate	[1],[2]	14.80%
Investment maturity date	[1],[2]	Apr. 18, 2028
Total Dental Practice Management One [Member] \| Modis Dental Partners OpCo, LLC One [Member]
Investment variable rate		9.48%
Investment interest rate		14.80%
Investment maturity date		Apr. 18, 2028
Total Direct Selling Software [Member] \| Exigo, LLC [Member]
Investment variable rate	[1],[2],[5]	5.75%		5.75%
Investment interest rate	[1],[2],[5]	11.17%		10.42%
Investment maturity date	[1],[2],[5]	Mar. 16, 2027		Mar. 16, 2027
Total Direct Selling Software [Member] \| Exigo, LLC One [Member]
Investment variable rate	[1],[2],[3]	5.75%		5.75%
Investment interest rate	[1],[2],[3]	11.17%		10.42%
Investment maturity date	[1],[2],[3]	Mar. 16, 2027		Mar. 16, 2027
Total Direct Selling Software [Member] \| Exigo, LLC Two [Member]
Investment variable rate	[2],[3]			5.75%
Investment interest rate	[2],[3]			10.42%
Investment maturity date	[2],[3]			Mar. 16, 2027
Total Education Services [Member] \| C2 Educational Systems [Member]
Investment variable rate	[1],[2],[5]	8.50%
Investment interest rate	[1],[2],[5]	13.83%
Investment maturity date	[1],[2],[5]	May 31, 2025
Total Education Services [Member] \| C2 Educational Systems, Inc.One [Member]
Investment variable rate	[1],[2],[3]	8.50%
Investment interest rate	[1],[2],[3]	13.83%
Investment maturity date	[1],[2],[3]	May 31, 2025
Total Education Services [Member] \| Zollege PBC [Member]
Investment variable rate	[2]	7%	[1],[6]	7%
Investment interest rate	[2]	12.33%	[1],[6]	11.97%
Investment maturity date	[2]	May 11, 2026	[1],[6]	May 11, 2026
PIK rate	[1],[2],[6]	2%
Total Education Services [Member] \| Zollege PBC One [Member]
Investment variable rate	[2],[3]	7%	[1],[6]	7%
Investment interest rate	[2],[3]	12.33%	[1],[6]	11.97%
Investment maturity date	[2],[3]	May 11, 2026	[1],[6]	May 11, 2026
PIK rate	[1],[2],[3],[6]	2%
Total Education Services [Member] \| C2 Educational Systems [Member]
Investment variable rate	[2],[5]			8.50%
Investment interest rate	[2],[5]			13.47%
Investment maturity date	[2],[5]			May 31, 2023
Total Education Software [Member] \| GoReact [Member]
Investment variable rate	[2]	7.50%	[1]	7.50%
Investment interest rate	[2]	13.03%	[1]	13.59%
Investment maturity date	[2]	Jan. 17, 2025	[1]	Jan. 17, 2025
PIK rate	[1],[2]	1%
Total Education Software [Member] \| GoReact One [Member]
Investment variable rate	[2],[3]	7.50%	[1]	7.50%
Investment interest rate	[2],[3]	13.03%	[1]	13.59%
Investment maturity date	[2],[3]	Jan. 17, 2025	[1]	Jan. 17, 2025
PIK rate	[1],[2],[3]	1%
Total Education Software [Member] \| Ready Education [Member]
Investment variable rate	[2]	7%	[1]	6%
Investment interest rate	[2]	12.33%	[1]	10.89%
Investment maturity date	[2]	Aug. 05, 2027	[1]	Aug. 05, 2027
Total Field Service Management [Member] \| Davisware, LLC [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.33%	[1]	11.89%
Investment maturity date	[2]	Jul. 31, 2024	[1]	Jul. 31, 2024
Total Field Service Management [Member] \| Davisware, LLC One [Member]
Investment variable rate	[2]	7%	[1],[3]	7%
Investment interest rate	[2]	12.33%	[1],[3]	11.89%
Investment maturity date	[2]	Jul. 31, 2024	[1],[3]	Jul. 31, 2024
Total Financial Services [Member] \| GDS Software Holdings, LLC [Member]
Investment variable rate	[2]	7%	[7]	7%
Investment interest rate	[2]	12.33%	[7]	11.97%
Investment maturity date	[2]	Dec. 30, 2026	[7]	Dec. 30, 2026
Total Financial Services [Member] \| GDS Software Holdings, LLC One [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.33%		11.97%
Investment maturity date	[2]	Dec. 30, 2026	[3]	Dec. 30, 2026
Total Financial Services [Member] \| B. Riley Financial, Inc. [Member]
Investment interest rate	[2],[8]			6.75%
Investment maturity date	[2],[8]			May 31, 2024
Total Financial Services Software [Member] \| Ascend Software LLC [Member]
Investment variable rate	[2]	7.50%	[1]	7.50%
Investment interest rate	[2]	13.10%	[1]	12.47%
Investment maturity date	[2]	Dec. 15, 2026	[1]	Dec. 15, 2026
Total Financial Services Software [Member] \| Ascend Software, LLC One [Member]
Investment variable rate	[2]	7.50%	[1],[3]	7.50%	[9]
Investment interest rate	[2],[3]	13.10%	[1]	12.47%
Investment maturity date	[2],[3]	Dec. 15, 2026	[1]	Dec. 15, 2026
Total Fire Inspection Business Software [Member] \| Inspect Point Holdings, LLC [Member]
Investment variable rate	[1],[2]	6.50%
Investment interest rate	[1],[2]	11.82%
Investment maturity date	[1],[2]	Jul. 19, 2028
Total Fire Inspection Business Software [Member] \| Inspect Point Holdings, LLC One [Member]
Investment variable rate	[1],[2],[3]	6.50%
Investment interest rate	[1],[2],[3]	11.82%
Investment maturity date	[1],[2],[3]	Jul. 19, 2028
Total Health/Fitness Franchisor [Member] \| Stretch Zone Franchising, LLC [Member]
Investment variable rate	[1],[2]	7%
Investment interest rate	[1],[2]	12.33%
Investment maturity date	[1],[2]	Mar. 31, 2028
Total Health/Fitness Franchisor [Member] \| Stretch Zone Franchising, LLC One [Member]
Investment variable rate	[1],[2],[3]	7%
Investment interest rate	[1],[2],[3]	12.33%
Investment maturity date	[1],[2],[3]	Mar. 31, 2028
Total Healthcare Services One [Member] \| Alpha Aesthetics Partners OpCo, LLC [Member]
Investment variable rate	[1],[2],[10]	9.98%
Investment interest rate	[1],[2],[10]	15.30%
Investment maturity date	[1],[2],[10]	Mar. 20, 2028
Total Healthcare Services One [Member] \| Alpha Aesthetics Partners OpCo, LLC One [Member]
Investment variable rate	[1],[2],[3]	9.98%
Investment interest rate	[1],[2],[3]	15.30%
Investment maturity date	[1],[2],[3]	Mar. 20, 2028
Total Healthcare Services [Member] \| Axiom Medical Consulting, LLC [Member]
Investment variable rate	[1],[2]	6%
Investment interest rate	[1],[2]	11.33%
Investment maturity date	[1],[2]	Sep. 11, 2028
Total Healthcare Services [Member] \| ComForCare Health Care [Member]
Investment variable rate	[1],[2],[5]	6.25%
Investment interest rate	[1],[2],[5]	11.58%
Investment maturity date	[1],[2],[5]	Jan. 31, 2025
Total Healthcare Services [Member] \| ComForCare Health Care One [Member]
Investment variable rate	[2],[5]			6.25%
Investment interest rate	[2],[5]			11.22%
Investment maturity date	[2],[5]			Jan. 31, 2025
Total Healthcare Services [Member] \| Axiom Medical Consulting, LLC One [Member]
Investment variable rate	[1],[2],[9]	6%
Total Healthcare Services [Member] \| Axiom Medical Consulting, LLC One [Member]
Investment interest rate	[1],[2],[3]	11.33%
Investment maturity date	[1],[2],[3],[4]	Sep. 11, 2028
Total Healthcare Software [Member] \| HemaTerra Holding Company, LLC [Member]
Investment variable rate	[2],[5]	8.25%	[1]	8.25%
Investment interest rate	[2],[5]	13.57%	[1]	12.91%
Investment maturity date	[2],[5]	Jan. 31, 2027	[1]	Jan. 31, 2027
Total Healthcare Software [Member] \| HemaTerra Holding Company, LLC One [Member]
Investment variable rate	[2]	8.25%	[1]	8.25%
Investment interest rate	[2]	13.57%	[1]	12.91%
Investment maturity date	[2]	Jan. 31, 2027	[1]	Jan. 31, 2027
Total Healthcare Software [Member] \| Procurement Partners, LLC [Member]
Investment variable rate	[2]	6.50%	[1]	6.50%
Investment interest rate	[2]	11.83%	[1]	11.39%
Investment maturity date	[2]	May 12, 2026	[1]	May 12, 2026
Total Healthcare Software [Member] \| Procurement Partners, LLC [Member]
Investment variable rate	[2]	6.50%	[1],[3]	6.50%	[9]
Investment interest rate	[2],[3]	11.83%	[1]	11.39%
Investment maturity date	[2],[3]	May 12, 2026	[1]	May 12, 2026
Total Hospitality/Hotel [Member] \| Book4Time, Inc. [Member]
Investment variable rate	[2],[5],[8]	7.50%	[1]	7.50%
Investment interest rate	[2],[5],[8]	12.83%	[1]	12.47%
Investment maturity date	[2],[5],[8]	Dec. 22, 2025	[1]	Dec. 22, 2025
Total Hospitality/Hotel [Member] \| Book4Time, Inc. One [Member]
Investment variable rate	[2],[8]	7.50%	[1]	7.50%
Investment interest rate	[2],[8]	12.83%	[1]	12.47%
Investment maturity date	[2],[8]	Dec. 22, 2025	[1]	Dec. 22, 2025
Total Hospitality/Hotel [Member] \| Knowland Group, LLC [Member]
Investment variable rate	[2],[4]	8%	[1]	8%	[6]
Investment interest rate	[2],[4]	13.48%	[1]	13.97%	[6]
Investment maturity date	[2],[4]	Dec. 31, 2024	[1]	May 09, 2024	[6]
PIK rate	[2],[4]	3%	[1]	1%	[6]
Total Hospitality/Hotel [Member] \| Sceptre Hospitality Resources, LLC [Member]
Investment variable rate	[2]	7.25%	[1]	7.25%
Investment interest rate	[2]	12.58%	[1]	12.14%
Investment maturity date	[2]	Nov. 15, 2027	[1]	Nov. 15, 2027
Total Hospitality/Hotel [Member] \| Sceptre Hospitality Resources, LLC One [Member]
Investment variable rate	[2],[3]	7.25%	[1]	7.25%
Investment interest rate	[3]	12.58%	[1],[2]	12.14%
Investment maturity date	[2],[3]	Nov. 15, 2027	[1]	Nov. 15, 2027
Total HVAC Services and Sales [Member] \| Granite Comfort, LP [Member]
Investment variable rate	[2],[5]	7.46%	[1]	7.86%
Investment interest rate	[2],[5]	12.79%	[1]	12.75%
Investment maturity date	[2],[5]	May 16, 2027	[1]	Nov. 16, 2025
Total HVAC Services and Sales [Member] \| Granite Comfort, LP One [Member]
Investment variable rate	[2],[3]	7.46%	[1]	7.86%
Investment interest rate	[2],[3]	12.79%	[1]	12.75%
Investment maturity date	[2],[3]	May 16, 2027	[1]	Nov. 16, 2025
Total Industrial Products [Member] \| Vector Controls Holding Co., LLC [Member]
Investment variable rate	[2],[5]	6.50%	[1]	6.50%
Investment interest rate	[2],[5]	11.75%	[1]	11.47%
Investment maturity date	[2],[5]	Mar. 06, 2025	[1]	Mar. 06, 2025
Total Industrial Products [Member] \| Vector Controls Holding Co., LLC One [Member]
Investment maturity date	[2],[4]	Nov. 30, 2027	[1]	Nov. 30, 2027
Total Insurance Software [Member] \| AgencyBloc, LLC [Member]
Investment variable rate	[2]	7.76%	[1]	8%
Investment interest rate	[2]	13.09%	[1]	12.58%
Investment maturity date	[2]	Oct. 01, 2026	[1]	Oct. 01, 2026
Total IT Services [Member] \| LogicMonitor, Inc. [Member]
Investment variable rate	[2],[5]	6.50%	[1]	6.50%
Investment interest rate	[2],[5]	11.83%	[1]	11.39%
Investment maturity date	[2],[5]	May 17, 2026	[1]	May 17, 2026
Total IT Services [Member] \| Netreo Holdings, LLC [Member]
Investment variable rate				6.50%
Investment interest rate				13.47%
Investment maturity date				Dec. 31, 2025
PIK rate				2%
Total IT Services [Member] \| Netreo Holdings, LLC One [Member]
Investment variable rate				6.50%
Investment interest rate				13.47%
Investment maturity date				Dec. 31, 2025
PIK rate				2%
Total Lead management Software [Member] \| ActiveProspect, Inc. [Member]
Investment variable rate	[1],[2],[5]	6%
Investment interest rate	[1],[2],[5]	11.53%
Investment maturity date	[1],[2],[5]	Aug. 08, 2027
Total Lead management Software [Member] \| ActiveProspect, Inc. One [Member]
Investment variable rate	[1],[2],[3]	6%
Investment interest rate	[1],[2],[3]	11.53%
Investment maturity date	[1],[2],[3]	Aug. 08, 2027
Total Lead management Software [Member] \| ActiveProspect, Inc Two [Member]
Investment variable rate	[2],[5]			6%
Investment interest rate	[2],[5]			10.97%
Investment maturity date	[2],[5]			Aug. 08, 2027
Total Lead management Software [Member] \| ActiveProspect, Inc Three [Member]
Investment variable rate	[2],[3]			6%
Investment interest rate	[2],[3]			10.97%
Investment maturity date	[2],[3]			Aug. 08, 2027
Total Legal Software [Member] \| Centerbase, LLC [Member]
Investment variable rate	[2]	7.75%	[1]	7.75%
Investment interest rate	[2]	13.08%	[1]	12.41%
Investment maturity date	[2]	Jan. 18, 2027	[1]	Jan. 18, 2027
Total Marketing Orchestration Software [Member] \| Madison Logic, Inc. [Member]
Investment variable rate	[2],[5]	7%	[1]	7%
Investment interest rate	[2],[5]	12.33%	[1]	11.89%
Investment maturity date	[2],[5]	Dec. 30, 2028	[1]	Dec. 30, 2028
Total Mental Healthcare Services [Member] \| ARC Health OpCo LLC [Member]
Investment variable rate	[2],[5]	8.47%	[1]	8.48%
Investment interest rate	[2],[5]	13.81%	[1]	13.37%
Investment maturity date	[2],[5]	Aug. 05, 2027	[1]	Aug. 05, 2027
Total Mental Healthcare Services [Member] \| ARC Health OpCo LLC One [Member]
Investment variable rate	[2],[3],[5]	8.47%	[1]	8.48%
Investment interest rate	[2],[3],[5]	13.81%	[1]	13.37%
Investment maturity date	[2],[3],[5]	Aug. 05, 2027	[1]	Aug. 05, 2027
Total Mentoring Software [Member] \| Chronus LLC [Member]
Investment variable rate	[1],[2]	5.25%
Investment interest rate	[1],[2]	10.73%
Investment maturity date	[1],[2]	Aug. 26, 2026
Total Mentoring Software [Member] \| Chronus LLC One [Member]
Investment variable rate	[2]	6%	[1]	6%
Investment interest rate	[2]	11.48%	[1]	10.97%
Investment maturity date	[2]	Aug. 26, 2026	[1]	Aug. 26, 2026
Total Mentoring Software [Member] \| Chronus LLC [Member]
Investment variable rate	[2]			5.25%
Investment interest rate	[2]			10.22%
Investment maturity date	[2]			Aug. 26, 2026
Total Non-profit Services [Member] \| Omatic Software, LLC [Member]
Investment variable rate	[2]	8%	[1]	8%
Investment interest rate	[2]	13.59%	[1]	14.15%
Investment maturity date	[2]	Jun. 30, 2025	[1]	Jan. 31, 2024
PIK rate	[2]	1%	[1]	1%
Total Office Supplies [Member] \| Emily Street Enterprises, L.L.C. [Member]
Investment variable rate	[2]	7.50%	[1]	7.50%
Investment interest rate	[2]	12.83%	[1]	12.39%
Investment maturity date	[2]	Dec. 31, 2025	[1]	Dec. 31, 2025
Total Office Supplies [Member] \| Emily Street Enterprises, L.L.C. One [Member]
Investment maturity date	[2],[4]	Dec. 31, 2025	[1]	Dec. 31, 2025
Total Real Estate Services [Member] \| Buildout, Inc. [Member]
Investment variable rate	[2]	7%	[1],[5]	7%
Investment interest rate	[2]	12.43%	[1],[5]	11.97%
Investment maturity date	[2]	Jul. 09, 2025	[1],[5]	Jul. 09, 2025
Total Real Estate Services [Member] \| Buildout, Inc. One [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.47%	[1]	11.97%
Investment maturity date	[2]	Jul. 09, 2025	[1]	Jul. 09, 2025
Total Research Software [Member] \| Wellspring Worldwide Inc. [Member]
Investment variable rate	[2]	6%	[1]	7.25%
Investment interest rate	[2]	11.32%	[1]	11.83%
Investment maturity date	[2]	Dec. 22, 2028	[1]	Jun. 27, 2027
Total Restaurant [Member] \| LFR Chicken LLC [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.32%	[1]	11.67%
Investment maturity date	[2]	Nov. 19, 2026	[1]	Nov. 19, 2026
Total Restaurant [Member] \| LFR Chicken LLC One [Member]
Investment variable rate	[2]	7%	[1]	7%	[3]
Investment interest rate	[2]	12.32%	[1]	11.67%	[3]
Investment maturity date	[2]	Nov. 19, 2026	[1]	Nov. 19, 2026	[3]
Total Restaurant [Member] \| TMAC Acquisition Co., LLC [Member]
Investment maturity date	[2]			Mar. 01, 2024
PIK rate	[2]			8%
Total Roofing Contractor Software [Member] \| JobNimbus LLC [Member]
Investment variable rate	[1],[2]	8.75%
Investment interest rate	[1],[2]	14.17%
Investment maturity date	[1],[2]	Sep. 20, 2026
Total Specialty Food Retailer [Member] \| Pepper Palace, Inc [Member]
Investment variable rate	[2],[5]	6.25%	[1],[6]	6.25%
Investment interest rate	[2],[5]	11.73%	[1],[6]	11.22%
Investment maturity date	[2],[5]	Jun. 30, 2026	[1],[6]	Jun. 30, 2026
Total Specialty Food Retailer [Member] \| Pepper Palace, Inc. One [Member]
Investment variable rate	[2],[3]	6.25%	[1],[6]	6.25%
Investment interest rate	[2],[3]	11.73%	[1],[6]	11.22%
Investment maturity date	[2]	Jun. 30, 2026	[1],[3],[6]	Jun. 30, 2026
Total Specialty Food Retailer [Member] \| Pepper Palace, Inc. Two [Member]
Investment variable rate	[2],[3]	6.25%	[1],[6]	6.25%
Investment interest rate	[2],[3]	11.73%	[1],[6]	11.22%
Investment maturity date	[2],[3]	Jun. 30, 2026	[1],[6]	Jun. 30, 2026
Total Sports Management [Member] \| ArbiterSports, LLC [Member]
Investment variable rate	[2],[5]	6%	[1]	6.50%
Investment interest rate	[2],[5]	11.33%	[1]	11.47%
Investment maturity date	[2],[5]	Feb. 21, 2025	[1]	Feb. 21, 2025
Total Sports Management [Member] \| ArbiterSports, LLC One [Member]
Investment variable rate	[2]	6%	[1]	6.50%
Investment interest rate	[2]	11.33%	[1]	11.47%
Investment maturity date	[2]	Feb. 21, 2025	[1]	Feb. 21, 2025
Total Talent Acquisition Software [Member] \| JDXpert One [Member]
Investment variable rate	[2],[3]	8.50%	[1]	8.50%
Investment interest rate	[2],[3]	14.10%	[1]	13.47%
Investment maturity date	[2],[3]	May 02, 2027	[1]	May 02, 2027
Total Talent Acquisition Software [Member] \| Jobvite, Inc. [Member]
Investment variable rate	[5]	8%	[2]	8%
Investment interest rate	[5]	13.27%	[2]	12.89%
Investment maturity date	[5]	Aug. 05, 2028	[2]	Aug. 05, 2028
Total Talent Acquisition Software [Member] \| JDXpert [Member]
Investment variable rate	[2]			8.50%
Investment interest rate	[2]			13.47%
Investment maturity date	[2]			May 02, 2027
Total Veterinary Services [Member] \| VetnCare MSO, LLC [Member]
Investment variable rate	[1],[2],[3]	5.75%
Investment interest rate	[1],[2],[3]	11.08%
Investment maturity date	[1],[2],[3]	May 12, 2028
Total Corporate Education Software [Member] \| ETU Holdings, Inc. [Member]
Investment variable rate	[1],[2],[10]	9%
Investment interest rate	[1],[2],[10]	14.48%
Investment maturity date	[10]	Aug. 18, 2027	[1],[2]	Feb. 18, 2028
PIK rate	[10]			15%
Total Corporate Education Software [Member] \| ETU Holdings, Inc. One [Member]
Investment maturity date	[1],[2],[10]	Feb. 18, 2028
PIK rate	[1],[2],[10]	15%
Total Corporate Education Software [Member] \| ETU Holdings, Inc. [Member]
Investment variable rate	[10]			9%
Investment interest rate	[10]			13.97%
Investment maturity date	[10]			Aug. 18, 2027
Total Employee Collaboration Software [Member] \| Axero Holdings, LLC [Member]
Investment variable rate	[2],[10]	8%	[1]	8%
Investment interest rate	[2],[10]	13.48%	[1]	13.04%
Investment maturity date	[2],[10]	Jun. 30, 2026	[1]	Jun. 30, 2026
Total Employee Collaboration Software [Member] \| Axero Holdings, LLC One [Member]
Investment variable rate	[2],[10]	8%	[1]	8%
Investment interest rate	[2],[10]	13.48%	[1]	13.04%
Investment maturity date	[2],[10]	Jun. 30, 2026	[1]	Jun. 30, 2026
Total Employee Collaboration Software [Member] \| Axero Holdings, LLC Two [Member]
Investment variable rate	[2],[3],[10]	8%	[1]	8%
Investment interest rate	[2],[3],[10]	13.48%	[1]	13.04%
Investment maturity date	[2],[3],[10]	Jun. 30, 2026	[1]	Jun. 30, 2026
Total IT Services One [Member] \| Netreo Holdings, LLC [Member]
Investment variable rate	[1],[2],[11]	6.50%
Investment interest rate	[1],[2],[11]	11.98%
Investment maturity date	[1],[2],[11]	Dec. 31, 2025
PIK rate	[1],[2],[11]	3.50%
Total IT Services One [Member] \| Netreo Holdings, LLC One [Member]
Investment variable rate	[1],[2],[5],[11]	6.50%
Investment interest rate	[1],[2],[5],[11]	11.98%
Investment maturity date	[1],[2],[5],[11]	Dec. 31, 2025
PIK rate	[1],[2],[5],[11]	3.50%
Structured Finance Securities [Member] \| Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Investment interest rate	[1],[2],[8],[11],[12]	0%
Investment maturity date	[1],[2],[8],[11],[12]	Apr. 20, 2033
Structured Finance Securities [Member] \| Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Investment variable rate	[1],[2],[8],[11]	10%
Investment interest rate	[1],[2],[8],[11]	15.60%
Investment maturity date	[1],[2],[8],[11]	Apr. 20, 2033
Structured Finance Securities Two [Member] \| Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
Investment variable rate	[1],[2],[8],[11]	8.55%
Investment interest rate	[1],[2],[8],[11]	13.88%
Investment maturity date	[1],[2],[8],[11]	Oct. 20, 2033
Total Investment Fund [Member] \| Saratoga Senior Loan Fund I JV, LLC [Member]
Investment variable rate		10%	[1],[2],[3],[8],[11]	10%
Investment maturity date		Oct. 20, 2033	[1],[2],[8],[9],[11]	Jun. 15, 2023
Total Structured Finance Securities [Member] \| Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Investment interest rate				0%
Investment maturity date				Apr. 20, 2033
Total Structured Finance Securities [Member] \| Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Investment variable rate				10%
Investment interest rate				14.97%
Investment maturity date				Apr. 20, 2033
Total Structured Finance Securities [Member] \| Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
Investment variable rate				8.55%
Investment interest rate				13.44%
Investment maturity date				Oct. 20, 2033

[1]Percentages are based on net assets of $370,224,108 as of February 29, 2024.[2]Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities.[3]All or a portion of this investment has an unfunded commitment as of February 29, 2024. (See Note 9 to the consolidated financial statements).[4]Non-income producing at February 29, 2024.[5]These securities are either fully or partially pledged as collateral under the Company’s senior secured revolving credit facility (see Note 8 to the consolidated financial statements).[6]As of February 29, 2024, the investment was on non-accrual status. The fair value of these investments was approximately $18.9 million, which represented 1.7% of the Company’s portfolio (see Note 2 to the consolidated financial statements).[7]Because there is no “readily available market quotations” (as defined in the 1940 Act) for these investments, the fair values of these investments were determined using significant unobservable inputs and approved in good faith by our board of directors. These investments have been included as Level 3 in the Fair Value Hierarchy (see Note 3 to the consolidated financial statements).[8]Represents an investment that is not a “qualifying asset” under Section 55(a) of the Investment Company Act of 1940, as amended (the 1940 Act”). As of February 29, 2024, non-qualifying assets represent 6.2% of the Company’s portfolio at fair value. As a BDC, the Company generally has to invest at least 70% of its total assets in qualifying assets.[9]Includes securities issued by an affiliate of the company.[10]As defined in the 1940 Act, this portfolio company is an “affiliate” as we own between 5.0% and 25.0% of the outstanding voting securities. Modis Dental Partners OpCo, LLC and Alpha Aesthetics Partners OpCo, LLC are no longer affiliates as of February 29, 2024. Transactions during the year ended February 29, 2024 in which the issuer was an affiliate are as follows:[11]As defined in the 1940 Act, we “control” this portfolio company because we own more than 25% of the portfolio company’s outstanding voting securities. Transactions during the year ended February 29, 2024 in which the issuer was both an affiliate and a portfolio company that we control are as follows:[12]This investment does not have a stated interest rate that is payable thereon. As a result, the 0.00% interest rate in the table above represents the effective interest rate currently earned on the investment cost and is based on the current cash interest and other income generated by the investment.

Schedule of Cash and Cash Equiv

Schedule of Cash and Cash Equivalents and Cash and Cash Equivalents - USD ($)		Feb. 29, 2024	[1]	Feb. 28, 2023	[2]
Cost		$ 40,507,124		$ 96,076,273
Number of Shares (in Shares)		40,507,124		96,076,273
% of Net Assets		10.90%		27.70%
Fair Value		$ 40,507,124		$ 96,076,273
U.S. Bank Money Market [Member]
Cost	[3]	$ 40,507,124		$ 96,076,273
Number of Shares (in Shares)	[3]	40,507,124		96,076,273
% of Net Assets	[3]	10.90%		27.70%
Fair Value	[3]	$ 40,507,124		$ 96,076,273

[1]Percentages are based on net assets of $370,224,108 as of February 29, 2024.[2]Percentages are based on net assets of $346,958,042 as of February 28, 2023.[3]Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities.

Schedule of transactions relate

Schedule of transactions related to affiliates - USD ($)	12 Months Ended
Schedule of transactions related to affiliates - USD ($)	Feb. 29, 2024	Feb. 28, 2023
Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)	$ (1,541,829)	$ 574,354
Net Realized Gain (Loss) from Investments
Sales		6,162,526
Purchases	19,343,789	43,409,000
Management Fee Income
Total Interest from Investments	4,174,042	5,190,237
Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(21,381,288)	(10,461,606)
Net Realized Gain (Loss) from Investments
Management Fee Income	3,270,232	3,269,820
Total Interest from Investments	9,322,834	6,989,483
Sales
Purchases	2,475,000	28,634,940
Total Dividends from Investments	5,911,564
Axero Holdings, LLC [Member] \| Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)	976,251	1,951,499
Net Realized Gain (Loss) from Investments
Sales
Purchases		1,089,000
Management Fee Income
Total Interest from Investments	931,008	848,422
ETU Holdings, Inc. [Member] \| Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)	(2,518,080)
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	1,915,718
Modis Dental Partners OpCo, LLC [Member] \| Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)
Net Realized Gain (Loss) from Investments
Sales
Purchases	8,845,000
Management Fee Income
Total Interest from Investments	656,579
Alpha Aesthetics Partners OpCo, LLC [Member] \| Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)
Net Realized Gain (Loss) from Investments
Sales
Purchases	10,498,789
Management Fee Income
Total Interest from Investments	670,737
Netreo Holdings, LLC [Member] \| Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(12,083,067)	(2,363,302)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	4,374,804	2,529,483
Sales
Purchases	2,475,000	8,290,000
Total Dividends from Investments
Saratoga Investment Corp. CLO 2013-1, Ltd. [Member] \| Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(4,733,934)	(4,149,106)
Net Realized Gain (Loss) from Investments
Management Fee Income	3,270,232	3,269,820
Total Interest from Investments		1,228,486
Sales
Purchases
Total Dividends from Investments
Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member] \| Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	895,505	(38,005)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	1,696,890	552,330
Sales
Purchases		11,392,500
Total Dividends from Investments
Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member] \| Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	43,821	(543,594)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	1,469,668	1,195,662
Sales
Purchases
Total Dividends from Investments
Saratoga Senior Loan Fund I JV, LLC [Member] \| Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(1,800,657)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	1,781,472	1,483,522
Sales
Purchases		4,493,954
Total Dividends from Investments
Saratoga Senior Loan Fund I JV, LLC One [Member] \| Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(3,702,956)	(3,367,599)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments
Sales
Purchases		4,458,486
Total Dividends from Investments	$ 5,911,564
Artemis Wax Corp.[Member] \| Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)		(1,460,287)
Net Realized Gain (Loss) from Investments
Sales		6,162,526
Purchases		27,440,000
Management Fee Income
Total Interest from Investments		3,418,378
ETU Holdings, Inc. [Member] \| Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)		83,142
Net Realized Gain (Loss) from Investments
Sales
Purchases		14,880,000
Management Fee Income
Total Interest from Investments		$ 923,437

Organization

Organization	12 Months Ended
Organization	Feb. 29, 2024
Organization [Abstract]
Organization	Note 1. Organization Saratoga Investment Corp. (the “Company”, “we”, “our” and “us”) is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering (“IPO”) on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments. GSC Investment, LLC (the “LLC”) was organized in May 2006 as a Maryland limited liability company. On March 21, 2007, the Company was incorporated and concurrently therewith the LLC was merged with and into the Company, with the Company as the surviving entity, in accordance with the procedure for such merger in the LLC’s limited liability company agreement and Maryland law. In connection with such merger, each outstanding limited liability company interest of the LLC was converted into a share of common stock of the Company. On July 30, 2010, the Company changed its name from “GSC Investment Corp.” to “Saratoga Investment Corp.” in connection with the consummation of a recapitalization transaction. The Company is externally managed and advised by the investment adviser, Saratoga Investment Advisors, LLC (the “Manager” or “Saratoga Investment Advisors”), pursuant to an investment advisory and management agreement (the “Management Agreement”). The Company has established wholly owned subsidiaries, SIA-AAP, Inc., SIA-ARC, Inc., SIA-Avionte, Inc., SIA-AX, Inc., SIA-G4, Inc., SIA-GH, Inc., SIA-MAC, Inc., SIA-MDP, Inc., SIA-PP Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT, Inc., SIA-Vector, Inc. and SIA-VR, Inc., which are structured as Delaware entities that are treated as corporations for U.S. federal income tax purposes and are intended to facilitate its compliance with the requirements to be treated as a RIC under the Code by holding equity or equity-like investments in portfolio companies organized as limited liability companies, or LLCs (or other forms of pass through entities). These entities are consolidated for accounting purposes, but are not consolidated for U.S. federal income tax purposes and may incur U.S. federal income tax expenses as a result of their ownership of portfolio companies. In February 2022, SIA-GH, Inc., SIA-TT Inc. and SIA-VR, Inc. received an approved plan of liquidation following the sale of equity held by each of the portfolio companies. Our wholly owned subsidiaries, Saratoga Investment Corp. SBIC LP (“SBIC LP”), Saratoga Investment Corp. SBIC II LP (“SBIC II LP”), and Saratoga Investment Corp. SBIC III LP (“SBIC III LP”, and together with SBIC LP and SBIC II LP, the “SBIC Subsidiaries”), received SBIC licenses from the SBA on March 28, 2012, August 14, 2019, and September 29, 2022, respectively. SBIC LP’s license provided up to $150.0 million in additional long-term capital in the form of SBA debentures, while SBIC II LP’s and SBIC III LP’s SBIC licenses provide up to $175.0 million each. Under current SBIC regulations, for two or more SBICs under common control, the maximum amount of outstanding SBA debentures cannot exceed $350.0 million with at least $175.0 million in combined regulatory capital. Following the debentures being fully repaid to the SBA, SBIC LP surrendered its license on January 3, 2024, providing the Company access to all undistributed capital of SBIC LP, and SBIC LP subsequently merged with and into the Company. The Company has formed a wholly owned special purpose entity, Saratoga Investment Funding II LLC (“SIF II”), a Delaware limited liability company, for the purpose of entering into the senior secured revolving credit facility with Encina Lender Finance, LLC (the “Lender”), supported by loans held by SIF II and pledged to the Lender under the credit facility (the “Encina Credit Facility”). On October 26, 2021, the Company and TJHA JV I LLC (“TJHA”) entered into a Limited Liability Company Agreement to co-manage Saratoga Senior Loan Fund I JV LLC (“SLF JV”). SLF JV is under joint control and is not consolidated. SLF JV is invested in Saratoga Investment Corp Senior Loan Fund 2022-1 Ltd. (“SLF 2022”), which is a wholly owned subsidiary of SLF JV. SLF 2022 was formed for the purpose of making investments in a diversified portfolio of broadly syndicated first lien and second lien term loans or bonds in the primary and secondary markets. On October 28, 2022, SLF 2022 issued $402.1 million of debt (the “2022 JV CLO Notes”) through a collateralized loan obligation trust (the “JV CLO trust”). The 2022 JV CLO Notes were issued pursuant to an indenture, dated October 28, 2022 (the “JV Indenture”), with U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) (the “Trustee”) servicing as the trustee.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Feb. 29, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), are stated in U.S. Dollars and include the accounts of the Company and its wholly owned special purpose financing subsidiaries, Saratoga Investment Funding, LLC (previously known as GSC Investment Funding LLC), SIF II, SBIC LP, SBIC II LP, SBIC III LP, SIA-AAP, Inc., SIA-ARC, Inc., SIA-Avionte, Inc., SIA-AX, Inc., SIA-G4, Inc., SIA-GH, Inc., SIA-MDP, Inc., SIA-MAC, Inc., SIA-PP, Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., SIA-Vector, Inc. and SIA-VR, Inc. All intercompany accounts and transactions have been eliminated in consolidation. All references made to the “Company,” “we,” and “us” herein include Saratoga Investment Corp. and its consolidated subsidiaries, except as stated otherwise. The Company, SBIC LP, SBIC II LP, and SBIC III LP are all considered to be investment companies for financial reporting purposes and have applied the guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies Principles of Consolidation Under the investment company rules and regulations pursuant to ASC 946, the Company is precluded from consolidating any entity other than another investment company or controlled operating company whose business consists of providing services to the Company. As a result, the consolidated financial statements of the Company include only the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company has determined that SLF JV is an investment company under ASC 946; however, in accordance with such guidance the Company will generally not consolidate its investment in a company other than a wholly owned investment company subsidiary. SLF JV is not a wholly owned investment company subsidiary as the Company and TJHA each have an equal 50% voting interest in SLF JV and thus neither party has a controlling financial interest. Furthermore, FASB ASC Topic 810, Consolidation Use of Estimates in the Preparation of Financial Statements The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and income, gains (losses) and expenses during the period reported. Actual results could differ materially from those estimates. Operating Segment The Company invests in various industries. The Company separately evaluates the performance of each of its investment relationships. However, because each of these investment relationships has similar business and economic characteristics, they have been aggregated into a single investment segment. All applicable segment disclosures are included in or can be derived from the Company’s consolidated financial statements (See “Note 3. Investments”). Cash and Cash Equivalents Cash and cash equivalents include short-term, liquid investments in a money market fund. The Company places its cash in financial institutions and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits. Cash and cash equivalents are carried at cost which approximates fair value. Pursuant to Section 12(d)(1)(A) of the 1940 Act, the Company may not invest in another investment company, such as a money market fund, if such investment would cause the Company to: ● own more than 3.0% of the investment company’s total outstanding voting stock; ● hold securities in the investment company having an aggregate value in excess of 5.0% of the value of the Company’s total assets; or ● hold securities in investment companies having an aggregate value in excess of 10.0% of the value of the Company’s total assets. As of February 29, 2024, the Company did not exceed any of these limitations. Cash and Cash Equivalents, Reserve Accounts Cash and cash equivalents, reserve accounts include amounts held in designated bank accounts in the form of cash and short-term liquid investments in money market funds, and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits, representing payments received on secured investments or other reserved amounts associated with the Encina Credit Facility held by the Company’s wholly owned subsidiary, SIF II. The Company is required to use these amounts to pay interest expense, reduce borrowings, or pay other amounts in accordance with the terms of the Encina Credit Facility. In addition, cash and cash equivalents, reserve accounts also include amounts held in designated bank accounts, in the form of cash and short-term liquid investments in money market funds, within the Company’s wholly owned subsidiaries, SBIC LP, SBIC II LP and SBIC III LP. The statements of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents when reconciling the beginning-of-period and end-of-period total amounts. The following table provides a reconciliation of cash and cash equivalents and cash and cash equivalents, reserve accounts reported within the consolidated statements of assets and liabilities that sum to the total of the same such amounts shown in the consolidated statements of cash flows: February 29, February 28, February 28, Cash and cash equivalents $ 8,692,846 $ 65,746,494 $ 47,257,801 Cash and cash equivalents, reserve accounts 31,814,278 30,329,779 5,612,541 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 40,507,124 $ 96,076,273 $ 52,870,342 Investment Classification The Company classifies its investments in accordance with the requirements of the 1940 Act. Under the 1940 Act, “control investments” are defined as investments in companies in which the Company owns more than 25.0% of the voting securities or maintains greater than 50.0% of the board representation. Under the 1940 Act, “affiliated investments” are defined as those non-control investments in companies in which the Company owns between 5.0% and 25.0% of the voting securities. Under the 1940 Act, “non-affiliated investments” are defined as investments that are neither control investments nor affiliated investments. Investment Valuation The Company accounts for its investments at fair value in accordance with the FASB ASC Topic 820, Fair Value Measurement Investments for which market quotations are readily available are fair valued at such market quotations obtained from independent third-party pricing services and market makers subject to any decision by the Company’s board of directors to approve a fair value determination to reflect significant events affecting the value of these investments. The Company values investments for which market quotations are not readily available at fair value as approved, in good faith, by the Company’s board of directors based on input from the Manager, the audit committee of the board of directors and a third-party independent valuation firm. The Company undertakes a multi-step valuation process each quarter when valuing investments for which market quotations are not readily available, as described below: ● Each investment is initially valued by the responsible investment professionals of the Manager and preliminary valuation conclusions are documented, reviewed and discussed with our senior management; and ● An independent valuation firm engaged by the Company’s board of directors independently reviews a selection of these preliminary valuations each quarter so that the valuation of each investment for which market quotes are not readily available is reviewed by the independent valuation firm at least once each fiscal year. The Company uses a third-party independent valuation firm to value its investment in the subordinated notes of Saratoga Investment Corp. CLO 2013-1, Ltd. (“Saratoga CLO”), the Class F-2-R-3 Notes of the Saratoga CLO, and the Class E Notes of the SLF 2022 every quarter. In addition, all investments are subject to the following valuation process: ● The audit committee of the Company’s board of directors reviews and approves each preliminary valuation and the Manager and independent valuation firm (if applicable) will supplement the preliminary valuation to reflect any comments provided by the audit committee; and ● The Company’s board of directors discusses the valuations and approves the fair value of each investment, in good faith, based on the input of the Manager, independent valuation firm (to the extent applicable) and the audit committee of the board of directors. The Company uses multiple techniques for determining fair value based on the nature of the investment and experience with those types of investments and specific portfolio companies. The selections of the valuation techniques and the inputs and assumptions used within those techniques often require subjective judgements and estimates. These techniques include market comparables, discounted cash flows and enterprise value waterfalls. Fair value is best expressed as a range of values from which the Company determines a single best estimate. The types of inputs and assumptions that may be considered in determining the range of values of the Company’s investments include the nature and realizable value of any collateral, the portfolio company’s ability to make payments, market yield trend analysis and volatility in future interest rates, call and put features, the markets in which the portfolio company does business, comparison to publicly traded companies, discounted cash flows and other relevant factors. The Company’s investments in the subordinated notes of Saratoga CLO, Class F-2-R-3 Notes of the Saratoga CLO and the Class E Notes of SLF 2022 are carried at fair value, which is based on a discounted cash flow valuation technique that utilizes prepayment, re-investment and loss inputs based on historical experience and projected performance, economic factors, the characteristics of the underlying cash flow, and comparable yields for equity interests in collateralized loan obligation funds, when available, as determined by the Manager and recommended to the Company’s board of directors. Specifically, the Company uses Intex cash flows, or an appropriate substitute, to form the basis for the valuation of its investment in the subordinated notes of Saratoga CLO, Class F-2-R-3 Notes of the Saratoga CLO and the Class E Notes of SLF 2022. The inputs are based on available market data and projections provided by third parties as well as management estimates. The Company uses the output from the Intex models (i.e., the estimated cash flows) to perform a discounted cash flow analysis on expected future cash flows to determine the valuation for our investment in Saratoga CLO. The Company’s equity investment in SLF JV is measured using the proportionate share of the net asset value (“NAV”), or equivalent, of SLF JV as a practical expedient for fair value, provided by ASC 820. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. Because such valuations, and particularly valuations of private investments and private companies, are inherently uncertain, they may fluctuate over short periods of time and may be based on estimates. The determination of fair value may differ materially from the values that would have been used if a ready market for these investments existed. The Company’s NAV could be materially affected if the determinations regarding the fair value of its investments were materially higher or lower than the values that the Company ultimately realizes upon the disposal of such investments. Rule 2a-5 under the 1940 Act (“Rule 2a-5”) establishes a regulatory framework for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits boards of directors, subject to board oversight and certain other conditions, to designate the investment adviser to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must determine the fair value of a security. Rule 31a-4 under the 1940 Act (“Rule 31a-4”) provides for certain recordkeeping requirements associated with fair value determinations. Finally, the Securities and Exchange Commission (the “SEC”) rescinded previously issued guidance on related issues, including the role of the board in determining fair value and the accounting and auditing of fund investments. While the Company’s board of directors has not elected to designate Saratoga Investment Advisors as the valuation designee, the Company has established policies and procedures in compliance with the applicable requirements of Rule 2a-5 and Rule 31a-4. Derivative Financial Instruments The Company accounts for derivative financial instruments in accordance with FASB ASC Topic 815, Derivatives and Hedging Investment Transactions and Income Recognition Purchases and sales of investments and the related realized gains or losses are recorded on a trade-date basis. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis to the extent that such amounts are expected to be collected. The Company stops accruing interest on its investments when it is determined that interest is no longer collectible. Discounts and premiums on investments purchased are accreted/amortized using the effective yield method. The amortized cost of investments represents the original cost adjusted for the accretion of discounts over the life of the investment and amortization of premiums on investments up to the earliest call date. Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected. Accrued interest is generally reserved when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as a reduction in principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although management may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection. At February 29, 2024 our investment in three portfolio companies were on non-accrual status with a fair value of approximately $18.9 million, or 1.7% of the fair value of our portfolio. At February 28, 2023, our investment in one portfolio company was on non-accrual status with a fair value of approximately $9.8 million, or 1.0% of the fair value of our portfolio. Interest income on our investment in the subordinated note of Saratoga CLO is recorded using the effective interest method in accordance with the provisions of ASC Topic 325-40, Investments-Other, Beneficial Interests in Securitized Financial Assets Payment-in-Kind Interest The Company holds debt and preferred equity investments in its portfolio that contain a payment-in-kind (“PIK”) interest provision. The PIK interest, which represents contractually deferred interest added to the investment balance that is generally due at maturity, is generally recorded on an accrual basis to the extent such amounts are expected to be collected. The Company stops accruing PIK interest if it is expected that the issuer will not be able to pay all principal and interest when due. The Company restores to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although management may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection. Dividend Income Dividend income is recorded in the consolidated statements of operations when earned. Structuring and Advisory Fee Income Structuring and advisory fee income represents various fee income earned and received for performing certain investment structuring and advisory activities during the closing of new investments. Other Income Other income includes prepayment income fees, and monitoring, administration, redemption and amendment fees and is recorded in the consolidated statements of operations when earned. Deferred Debt Financing Costs Financing costs incurred in connection with our credit facility and notes are deferred and amortized using the straight-line method over the life of the respective facility and debt securities. Financing costs incurred in connection with the SBA debentures of SBIC LP, SBIC II LP, and SBIC III LP are deferred and amortized using the straight-line method over the life of the debentures. Any discount or premium on the issuance of any debt is accreted and amortized using the effective interest method over the life of the respective debt security. The Company presents deferred debt financing costs on the balance sheet as a contra-liability, which is a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Realized Loss on Extinguishment of Debt Upon the repayment of debt obligations that are deemed to be extinguishments, the difference between the principal amount due at maturity adjusted for any unamortized debt issuance costs is recognized as a loss (i.e., the unamortized debt issuance costs are recognized as a loss upon extinguishment of the underlying debt obligation). Contingencies In the ordinary course of business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company. Based on its history and experience, management reasonably believes that the likelihood of such an event is remote. Therefore, the Company has not accrued any liabilities in connection with such indemnifications. In the ordinary course of business, the Company may directly or indirectly be a defendant or plaintiff in legal actions with respect to bankruptcy, insolvency or other types of proceedings. Such lawsuits may involve claims that could adversely affect the value of certain financial instruments owned by the Company. Income Taxes The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a RIC under Subchapter M of the Code. By meeting these requirements, the Company generally will not be subject to U.S. federal income tax on ordinary income or capital gains timely distributed to stockholders. Therefore, no provision has been recorded for federal income taxes, except as related to the Corporate Blockers (as defined below) and long-term capital gains, when applicable. In order to qualify as a RIC, among other requirements, the Company generally is required to timely distribute to its stockholders at least 90% of its “investment company taxable income”, as defined by the Code, for each fiscal tax year. The Company will be subject to U.S. federal income tax imposed at corporate rates on its investment company taxable income and net capital gains that it does not timely distribute to shareholders. The Company will be subject to a non-deductible U.S. federal excise tax of 4% on undistributed income if it does not distribute at least (1) 98% of its net ordinary income in any calendar year, (2) 98.2% of its capital gain net income for each one-year period ending on October 31and (3) any net ordinary income and capital gain net income that it recognized for preceding years, but were not distributed during such year, and on which the Company paid no U.S federal income tax. Depending on the level of investment company taxable income earned in a tax year and the amount of net capital gains recognized in such tax year, the Company may choose to carry forward investment company taxable income and net capital gains in excess of current year dividend distributions into the next tax year and pay U.S. federal income tax, and possibly the 4% U.S. federal excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual investment company taxable income will be in excess of estimated current year dividend distributions for U.S. federal excise tax purposes, the Company accrues the U.S. federal excise tax, if any, on estimated excess taxable income as taxable income is earned. For the years ended February 29, 2024, 2023 and 2022, the excise tax accrual on estimated excess taxable income was $1.8 million, $1.1 million and $0.6 million, respectively. In accordance with U.S. Treasury regulations and published guidance issued by the Internal Revenue Service (“IRS”), a publicly offered RIC may treat a distribution of its own stock as counting toward its RIC distribution requirements if each stockholder may elect to receive his, her, or its entire distribution in either cash or stock of the RIC. This published guidance indicates that the rule will apply where the aggregate amount of cash to be distributed to all stockholders is not at least 20% of the aggregate declared distribution. Under the published guidance, if too many stockholders elect to receive cash, the cash available for distribution must be allocated among the stockholders electing to receive cash (with the balance of the distribution paid in stock). In no event will any stockholder, electing to receive cash, receive less than 20% of his or her entire distribution in cash. If these and certain other requirements are met, for U.S. federal income tax purposes, the amount of the dividend paid in stock will be equal to the amount of cash that could have been received instead of stock. The Company may utilize wholly owned holding companies that are treated as corporations for U.S. federal income tax purposes when making equity investments in portfolio companies taxed as pass-through entities to meet its source-of-income requirements as a RIC (“Corporate Blockers”). Corporate Blockers are consolidated in the Company’s U.S. GAAP financial statements and may result in current and deferred U.S. federal and state income tax expense with respect to income derived from those investments. Such income, net of applicable income taxes, is not included in the Company’s tax-basis net investment income until distributed by the Corporate Blocker, which may result in timing and character differences between the Company’s U.S. GAAP and tax-basis net investment income and realized gains and losses. Income tax expense or benefit from Corporate Blockers related to net investment income are included in total operating expenses, while any expense or benefit related to federal or state income tax originated for capital gains and losses are included together with the applicable net realized or unrealized gain or loss line item. Deferred tax assets of the Corporate Blockers are reduced by a valuation allowance when, in the opinion of management, it is more-likely than-not that some portion or all of the deferred tax assets will not be realized. FASB ASC Topic 740, Income Taxes Dividends Dividends to common stockholders are recorded on the ex-dividend date. The amount to be paid out as a dividend is determined by the board of directors. Net realized capital gains, if any, are generally distributed at least annually, although we may decide to retain some or all of our net capital gains for reinvestment. We have adopted a dividend reinvestment plan (“DRIP”) that provides for reinvestment of our dividend distributions on behalf of our stockholders unless a stockholder elects to receive cash. As a result, if our board of directors authorizes, and we declare, a cash dividend, then our stockholders who have not “opted out” of the DRIP by the dividend record date will have their cash dividends automatically reinvested into additional shares of our common stock, rather than receiving the cash dividends. We have the option to satisfy the share requirements of the DRIP through the issuance of new shares of common stock or through open market purchases of common stock by the DRIP plan administrator. Capital Gains Incentive Fee The Company records an expense accrual on the consolidated statements of operations relating to the capital gains incentive fee payable to the Manager, as recorded on the consolidated statements of assets and liabilities when the net realized and unrealized gain on its investments exceed all net realized and unrealized capital losses on its investments, as a capital gains incentive fee would be owed to the Manager if the Company were to liquidate its investment portfolio at such time. The actual incentive fee payable to the Manager related to capital gains will be determined and payable in arrears at the end of each fiscal year and only reflect those realized capital gains net of realized and unrealized losses for the period. Recent Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (Topic 820) , . In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures Risk Management In the ordinary course of its business, the Company manages a variety of risks, including market and credit risk. Market risk is the risk of potential adverse changes to the value of investments because of changes in market conditions such as interest rate movements and volatility in investment prices. Credit risk is the risk of default or non-performance by portfolio companies, equivalent to the investment’s carrying amount. The Company is also exposed to credit risk related to maintaining all of its cash and cash equivalents, including those in reserve accounts, at a major financial institution and credit risk related to any of its derivative counterparties. The Company has investments in lower rated and comparable quality unrated high yield bonds and bank loans. Investments in high yield investments are accompanied by a greater degree of credit risk. The risk of loss due to default by the issuer is significantly greater for holders of high yield securities, because such investments are generally unsecured and are often subordinated to other creditors of the issuer.

Investments

Investments	12 Months Ended
Investments	Feb. 29, 2024
Investments [Line Items]
Investments	Note 4. Investment in Saratoga CLO On January 22, 2008, the Company entered into a collateral management agreement with Saratoga CLO, pursuant to which the Company acts as its collateral manager. The Saratoga CLO was initially refinanced in October 2013 with its reinvestment period extended to October 2016. On November 15, 2016, the Company completed a second refinancing of the Saratoga CLO with its reinvestment period extended to October 2018. On December 14, 2018, the Company completed a third refinancing and upsize of the Saratoga CLO (the “2013-1 Reset CLO Notes”). The third Saratoga CLO refinancing, among other things, extended its reinvestment period to January 2021, and extended its legal maturity date to January 2030. Following this refinancing, the Saratoga CLO portfolio increased its aggregate principal amount from approximately $300.0 million to approximately $500.0 million of predominantly senior secured first lien term loans. On February 11, 2020, the Company entered into an unsecured loan agreement (“CLO 2013-1 Warehouse 2 Loan”) with Saratoga Investment Corp. CLO 2013-1 Warehouse 2, Ltd. (“CLO 2013-1 Warehouse 2”), a wholly owned subsidiary of Saratoga CLO. During the fourth quarter ended February 28, 2021, the CLO 2013-1 Warehouse 2 Ltd. was repaid in full. On February 26, 2021, the Company completed the fourth refinancing of the Saratoga CLO. This refinancing, among other things, extended the Saratoga CLO reinvestment period to April 2024, extended its legal maturity to April 2033, and added a non-call period of February 2022. In addition, and as part of the refinancing, the Saratoga CLO was upsized from $500 million in assets to approximately $650 million. As part of this refinancing and upsizing, the Company invested an additional $14.0 million in all of the newly issued subordinated notes of the Saratoga CLO, and purchased $17.9 million in aggregate principal amount of the Class F-R-3 Notes tranche at par. Concurrently, the existing $2.5 million of Class F-R-2 Notes, $7.5 million of Class G-R-2 Notes and $25.0 million of the CLO 2013-1 Warehouse 2 Loan were repaid. The Company also paid $2.6 million of transaction costs related to the refinancing and upsizing on behalf of the Saratoga CLO, to be reimbursed from future equity distributions. At August 31, 2021, the outstanding receivable of $2.6 million was repaid in full. On August 9, 2021, the Company exchanged its existing $17.9 million Class F-R-3 Note for $8.5 million Class F-1-R-3 Notes and $9.4 million Class F-2-R-3 Notes at par. On August 11, 2021, the Company sold its Class F-1-R-3 Notes to third parties, resulting in a realized loss of $0.1 million. The Saratoga CLO remains effectively 100.0% owned and managed by the Company. The Company receives a base management fee of 0.10% per annum and a subordinated management fee of 0.40% per annum of the outstanding principal amount of Saratoga CLO’s assets, paid quarterly to the extent of available proceeds. Following the third refinancing and the issuance of the 2013-1 Reset CLO Notes on December 14, 2018, the Company is no longer entitled to an incentive management fee equal to 20.0% of excess cash flow to the extent the Saratoga CLO subordinated notes receive an internal rate of return paid in cash equal to or greater than 12.0%. For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, we accrued management fee income of $3.3 million, $3.3 million and $3.3 million, respectively, and interest income of $0.0 million, $1.2 million and $4.9 million, respectively, from the Saratoga CLO. As of February 29, 2024, the Company determined that the fair value of its investment in the subordinated notes of Saratoga CLO was $9.5 million. As of February 29, 2024, the fair value of its investment in the Class F-R-3 Notes of Saratoga CLO was $8.9 million. As of February 29, 2024, Saratoga CLO had investments with a principal balance of $640.8 million and a weighted average spread over LIBOR of 3.8% and had debt with a principal balance of $611.0 million with a weighted average spread over LIBOR of 2.2%. As of February 29, 2024, the present value of the projected future cash flows of the subordinated notes, was approximately $9.5 million, using a 22.0% discount rate. The Company’s total investment in the subordinate notes of Saratoga CLO is $57.8 which consists of additional investments of $30 million in January 2008, $13.8 million in December 2018 and $14.0 million in February 2021. To date the Company has since received distributions of $84.6 million, management fees of $35.1 million and incentive fees of $1.2 million. As of February 28, 2023, the Company determined that the fair value of its investment in the subordinated notes of Saratoga CLO was $21.2 million. As of February 28, 2023, the fair value of its investment in the Class F-R-3 Notes of Saratoga CLO was $8.8 million. As of February 28, 2023, Saratoga CLO had investments with a principal balance of $645.6 million and a weighted average spread over LIBOR of 3.8% and had debt with a principal balance of $611.0 million with a weighted average spread over LIBOR of 2.2%. As of February 28, 2023, the present value of the projected future cash flows of the subordinated notes, was approximately $21.2 million, using a 22.0% discount rate. The Company’s total investment in the subordinate notes of Saratoga CLO is $57.8 million, which consists of additional investments of $30 million in January 2008, $13.8 million in December 2018 and $14.0 million in February 2021. As of February 28, 2023, the Company has received distributions of $77.7 million, management fees of $31.9 million and incentive fees of $1.2 million. The separate audited financial statements of the Saratoga CLO as of February 29, 2024 and February 28, 2023, pursuant to Rule 3-09 of SEC rules Regulation S-X, and for the years ended February 29, 2024, February 28, 2023 and February 28, 2022, are presented on page S-1.
Saratoga Investment Corp. [Member]
Investments [Line Items]
Investments	Note 3. Investments As noted above, the Company values all investments in accordance with ASC 820. As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between independent market participants at the measurement date. ASC 820 establishes a hierarchal disclosure framework which prioritizes and ranks the level of market price observability of inputs used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Based on the observability of the inputs used in the valuation techniques, the Company is required to provide disclosures on fair value measurements according to the fair value hierarchy. The fair value hierarchy ranks the observability of the inputs used to determine fair values. Investments carried at fair value are classified and disclosed in one of the following three categories: ● Level 1—Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. ● Level 2— Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date. Such inputs may be quoted prices for similar assets or liabilities, quoted markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full character of the financial instrument, or inputs that are derived principally from, or corroborated by, observable market information. Investments that are generally included in this category include illiquid debt securities and less liquid, privately held or restricted equity securities, for which some level of recent trading activity has been observed. ● Level 3—Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs may be based on the Company’s own assumptions about how market participants would price the asset or liability or may use Level 2 inputs, as adjusted, to reflect specific investment attributes relative to a broader market assumption. Even if observable market data for comparable performance or valuation measures (earnings multiples, discount rates, other financial/valuation ratios, etc.) are available, such investments are grouped as Level 3 if any significant data point that is not also market observable (private company earnings, cash flows, etc.) is used in the valuation technique. We use multiple techniques for determining fair value based on the nature of the investment and experience with those types of investments and specific portfolio companies. The selections of the valuation techniques and the inputs and assumptions used within those techniques often require subjective judgements and estimates. These techniques include market comparables, discounted cash flows and enterprise value waterfalls. Fair value is best expressed as a range of values from which the Company determines a single best estimate. The types of inputs and assumptions that may be considered in determining the range of values of our investments include the nature and realizable value of any collateral, the portfolio company’s ability to make payments, market yield trend analysis and volatility in future interest rates, call and put features, the markets in which the portfolio company does business, comparison to publicly traded companies, discounted cash flows and other relevant factors. In addition to using the above inputs in investment valuations, the Company continues to employ the valuation policy approved by the board of directors that is consistent with ASC 820 and the 1940 Act (see Note 2). Consistent with our valuation policy, the Company evaluates the source of inputs, including any markets in which its investments are trading, in determining fair value. The following table presents fair value measurements of investments, by major class, as of February 29, 2024 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Net Asset Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 976,423 $ - $ 976,423 Second lien term loans - - 18,097 - 18,097 Unsecured loans - - 15,818 - 15,818 Structured finance securities - - 30,626 - 30,626 Equity interests - - 88,426 9,404 97,830 Total $ - $ - $ 1,129,390 $ 9,404 $ 1,138,794 * The Company’s equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. The following table presents fair value measurements of investments, by major class, as of February 28, 2023 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Net Asset Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 798,534 $ - $ 798,534 Second lien term loans - - 14,936 - 14,936 Unsecured loans - - 20,661 - 20,661 Structured finance securities - - 41,362 - 41,362 Equity interests - - 83,990 13,107 97,097 Total $ - $ - $ 959,483 $ 13,107 $ 972,590 * The Company’s equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended February 29, 2024 (dollars in thousands): First lien Second lien Unsecured Structured Equity Total Balance as of February 28, 2023 $ 798,534 $ 14,936 $ 20,661 $ 41,362 $ 83,990 $ 959,483 Payment-in-kind and other adjustments to cost 1,479 848 - (6,941 ) (296 ) (4,910 ) Net accretion of discount on investments 2,215 6 - - - 2,221 Net change in unrealized appreciation (depreciation) on investments (33,325 ) 2,307 (1,460 ) (3,795 ) (7,115 ) (43,388 ) Purchases 234,408 - - - 11,693 246,101 Sales and repayments (26,888 ) - (3,383 ) - - (30,271 ) Net realized gain (loss) from investments - - - - 154 154 Balance as of February 29, 2024 $ 976,423 $ 18,097 $ 15,818 $ 30,626 $ 88,426 $ 1,129,390 Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year $ (33,307 ) $ 2,307 $ 1,801 $ (3,795 ) $ (7,115 ) $ (40,109 ) Purchases, PIK and other adjustments to cost include purchases of new investments at cost, effects of refinancing/restructuring, accretion/amortization of income from discount/premium on debt securities, and PIK interests. Sales and repayments represent net proceeds received from investments sold and principal paydowns received during the period. Transfers and restructurings, if any, are recognized at the beginning of the period in which they occur. There were no transfers or restructurings in or out of Levels 1, 2, or 3 during the year ended February 29, 2024. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended February 28, 2023 (dollars in thousands): First lien Second lien Unsecured Structured Equity Total Balance as of February 28, 2022 $ 631,572 $ 44,386 $ 15,931 $ 38,030 $ 75,632 $ 805,551 Payment-in-kind and other adjustments to cost 391 283 238 (3,329 ) 535 (1,882 ) Net accretion of discount on investments 1,831 (14 ) - - - 1,817 Net change in unrealized appreciation (depreciation) on investments (10,465 ) (703 ) (167 ) (4,731 ) 4,215 (11,851 ) Purchases 345,955 4,950 4,659 11,392 13,660 380,616 Sales and repayments (170,913 ) (33,966 ) - - (17,336 ) (222,215 ) Net realized gain (loss) from investments 163 - - - 7,284 7,447 Balance as of February 28, 2023 $ 798,534 $ 14,936 $ 20,661 $ 41,362 $ 83,990 $ 959,483 Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year $ (10,575 ) $ (892 ) $ (167 ) $ (4,731 ) $ 6,111 $ (10,254 ) Transfers and restructurings, if any, are recognized at the beginning of the period in which they occur. There were no transfers or restructurings in or out of Levels 1, 2, or 3 during the year ended February 28, 2023 The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of February 29, 2024 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted First lien term loans $ 976,423 Market Comparables Market Yield (%) 10.6% - 17.2% 13.0% Revenue Multiples (x) 4.6x - 9.4x 6.6x EBITDA Multiples (x) 5.0x - 6.0x 5.6x Third-party bid (x) 3.9x - 4.2x 4.0x Second lien term loans 18,097 Market Comparables Market Yield (%) 19.0% - 28.3% 25.5% EBITDA Multiples (x) 7.0x 7.0x Third-party bid (x) 29.7x 29.7x Unsecured term loans 15,818 Discounted Cash Flow Discount Rate (%) 10.5% 10.5% Structured finance securities 30,626 Discounted Cash Flow Discount Rate (%) 8.5% - 22.0% 15.1% Recovery Rate (%) 35.0% - 70.0% 70.0% Prepayment Rate (%) 20.0% 20.0% Equity interests 88,426 Enterprise Value Waterfall EBITDA Multiples (x) 4.7x - 20.4x 10.4x Revenue Multiples (x) 1.3x - 10.4x 6.3x Third-party bid (x) 3.9x 3.9x Total $ 1,129,390 * The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input, excluding the recovery rate for Structured finance securities. The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of February 28, 2023 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted First lien term loans $ 798,534 Market Comparables Market Yield (%) 10.5% - 23.1% 12.8% Revenue Multiples (x) 4.1x 4.1x EBITDA Multiples (x) 8.0x 8.0x Second lien term loans 14,936 Market Comparables Market Yield (%) 15.6% - 61.8% 45.8% Unsecured term loans 20,661 Market Comparables Market Yield (%) 10.0% - 28.8% 12.6% Market Comparables Market Quote (%) 100.0% 100% Collateral Value Coverage Net Asset Value (%) 100.0% 100% Structured finance securities 41,362 Discounted Cash Flow Discount Rate (%) 12.0% - 22.0% 17.6% Recovery Rate (%) 35.0% - 70.0% 70.0% Prepayment Rate (%) 20.0% 20.0% Equity interests 83,990 Enterprise Value Waterfall EBITDA Multiples (x) 5.5x - 28.6x 11.0x Revenue Multiples (x) 1.3x - 11.2x 6.4x Total $ 959,483 * The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input, excluding the recovery rate for Structured finance securities. For investments utilizing a market comparables valuation technique, a significant increase (decrease) in the market yield, in isolation, would result in a significantly lower (higher) fair value measurement, and a significant increase (decrease) in any of the earnings before interest, tax, depreciation and amortization (“EBITDA”) or revenue valuation multiples, in isolation, would result in a significantly higher (lower) fair value measurement. For investments utilizing a discounted cash flow valuation technique, a significant increase (decrease) in the discount rate, and prepayment rate, in isolation, would result in a significantly lower (higher) fair value measurement while a significant increase (decrease) in recovery rate, in isolation, would result in a significantly higher (lower) fair value measurement. For investments utilizing a market quote, third party bid or net asset value in deriving a value, a significant increase (decrease) in the market quote, bid or net asset value in isolation, would result in a significantly higher (lower) fair value measurement. The composition of our investments as of February 29, 2024 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Investments Fair Value First lien term loans $ 1,019,678 86.4 % $ 976,423 85.7 % Second lien term loans 21,968 1.9 18,097 1.6 Unsecured loans 17,619 1.5 15,818 1.4 Structured finance securities 42,769 3.6 30,626 2.7 Equity interests 77,750 6.6 97,830 8.6 Total $ 1,179,784 100.0 % $ 1,138,794 100.0 % The composition of our investments as of February 28, 2023 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Investments Fair Value First lien term loans $ 808,464 83.7 % $ 798,534 82.1 % Second lien term loans 21,114 2.2 14,936 1.5 Unsecured loans 21,001 2.2 20,661 2.1 Structured finance securities 49,711 5.1 41,362 4.3 Equity interests 66,199 6.8 97,097 10.0 Total $ 966,489 100.0 % $ 972,590 100.0 % For loans and debt securities for which market quotations are not readily available, the Company determines their fair value based on third party indicative broker quotes, where available, or the inputs that a hypothetical market participant would use to value the security in a current hypothetical sale using a market comparables valuation technique. In applying the market comparables valuation technique, the Company determines the fair value based on such factors as market participant inputs including synthetic credit ratings, estimated remaining life, current market yield and interest rate spreads of similar securities as of the measurement date. If, in the Company’s judgment, the market comparables technique is not sufficient or appropriate, the Company may use additional techniques such as an asset liquidation or expected recovery model. For equity securities of portfolio companies and partnership interests, the Company determines the fair value using an enterprise value waterfall valuation technique. Under the enterprise value waterfall valuation technique, the Company determines the enterprise fair value of the portfolio company and then waterfalls the enterprise value over the portfolio company’s securities in order of their preference relative to one another. To estimate the enterprise value of the portfolio company, the Company weighs some or all of the traditional market valuation techniques and factors based on the individual circumstances of the portfolio company in order to estimate the enterprise value. The techniques for performing investments may be based on, among other things: valuations of comparable public companies, recent sales of private and public comparable companies, discounting the forecasted cash flows of the portfolio company, third party valuations of the portfolio company, considering offers from third parties to buy the company, estimating the value to potential strategic buyers and considering the value of recent investments in the equity securities of the portfolio company. For non-performing investments, the Company may estimate the liquidation or collateral value of the portfolio company’s assets and liabilities. The Company also takes into account historical and anticipated financial results. The Company’s investments in Saratoga CLO and SLF 2022 are carried at fair value, which is based on a discounted cash flow valuation technique that utilizes prepayment, re-investment and loss inputs based on historical experience and projected performance, economic factors, the characteristics of the underlying cash flow, and comparable yields for equity interests in collateralized loan obligation funds similar to Saratoga CLO and SLF 2022, when available, as determined by the Manager and recommended to the Company’s board of directors. Specifically, the Company uses Intex cash flows, or an appropriate substitute, to form the basis for the valuation of the investment in Saratoga CLO and SLF 2022. The cash flows use a set of inputs including projected default rates, recovery rates, reinvestment rates and prepayment rates in order to arrive at estimated valuations. The inputs are based on available market data and projections provided by third parties as well as management estimates. The Company ran Intex models based on inputs about the refinanced Saratoga CLO’s structure and the SLF 2022 structure, including capital structure, cost of liabilities and reinvestment period. The Company uses the output from the Intex models (i.e., the estimated cash flows) to perform a discounted cash flow analysis on expected future cash flows to determine a valuation for our investments in Saratoga CLO and SLF 2022 at February 29, 2024. The inputs at February 29, 2024 for the valuation model include: ● Default rate: 2.0% ● Recovery rate: 35%-70% ● Discount rate: 8.5%-22.0% ● Prepayment rate: 20.0% ● Reinvestment rate / price: S+365bps / $99.00 Investment Concentration Set forth is a brief description of each portfolio company in which the fair value of the Company’s investment represents greater than 5% of the Company’s total assets as of February 29, 2024, excluding Saratoga CLO, SLF JV and SLF 2022 (see Note 4 and Note 5 for more information on Saratoga CLO, SLF JV and SLF 2022, respectively). HemaTerra Holdings Company, LLC HemaTerra Holding Company, LLC (“HemaTerra”) provides SaaS-based software solutions addressing complex supply chain issues across a variety of medical environments, including blood, plasma, tissue, implants and DNA sample management, to customers in blood centers, hospitals, pharmaceuticals, and law enforcement settings. Artemis Wax Corp. Artemis Wax Corporation is a U.S. based retail aggregator of European Wax Center (“EWC”) franchise locations with a concentration in the northeast. Founded in 2004, EWC is the largest U.S. body waxing national chain with more than 800 locations across the country. Granite Comfort, LP Granite Comfort, LP is a U.S. based heating, ventilation and air conditioning (“HVAC”) company. The company provides traditional service and replacement of HVAC / plumbing systems, as well as a rental model that is in the early stages of implementation.
SLF JV [Member]
Investments [Line Items]
Investments	Note 5. Investment in SLF JV On October 26, 2021, the Company and TJHA entered into the LLC Agreement to co-manage SLF JV. SLF JV is invested in Saratoga Investment Corp Senior Loan Fund 2022-1, Ltd (“SLF 2021”), which is a wholly owned subsidiary of SLF JV. SLF 2021 was formed for the purpose of making investments in a diversified portfolio of broadly syndicated first lien and second lien term loans or bonds in the primary and secondary markets. On September 30, 2022, SLF 2021 was renamed to Saratoga Investment Corp Senior Loan Fund 2022-1, Ltd. (“SLF 2022”). The Company and TJHA have equal voting interest on all material decisions with respect to SLF JV, including those involving its investment portfolio, and equal control of corporate governance. No management fee is charged to SLF JV as control and management of SLF JV is shared equally. The Company and TJHA have committed to provide up to a combined $50.0 million of financing to SLF JV through cash contributions, with the Company providing $43.75 million and TJHA providing $6.25 million, resulting in an 87.5% and 12.5% ownership between the two parties. The financing is issued in the form of an unsecured note and equity. The unsecured note pays a fixed rate of 10% per annum and is due and payable in full on October 20, 2033. As of February 29, 2024, the Company and TJHA’s investment in SLF JV consisted of an unsecured note of $17.6 million and $2.5 million, respectively; and membership interest of $17.6 million and $2.5 million, respectively. As of February 28, 2023, the Company and TJHA’s investment in SLF JV consisted of an unsecured note of $17.6 million and $2.5 million, respectively; and membership interest of $17.6 million and $2.5 million, respectively. As of February 29, 2024, and February 28, 2023, the Company’s investment in the unsecured note of SLF JV had a fair value of $15.8 million and $17.6 million, respectively, and the Company’s investment in the membership interests of SLF JV had a fair value of $9.4 million and $13.1 million, respectively. The Company has determined that SLF JV is an investment company under ASC 946; however, in accordance with such guidance the Company will generally not consolidate its investment in a company other than a wholly owned investment company subsidiary. SLF JV is not a wholly owned investment company subsidiary as the Company and TJHA each have an equal 50% voting interest in SLF JV and thus neither party has a controlling financial interest. Furthermore, ASC 810 concludes that in a joint venture where both members have equal decision making authority, it is not appropriate for one member to consolidate the joint venture since neither has control. Accordingly, the Company does not consolidate SLF JV. For the year ended February 29, 2024, the Company earned approximately $1.8 million of interest income related to SLF JV, which is included in interest income on the Statement of Operations. As of February 29, 2024, approximately $0.2 million of interest income related to SLF JV was included in interest receivable on the Statements of Assets and Liabilities. For the year ended February 28, 2023 the Company earned approximately $1.5 million of interest income related to SLF JV, which is included in interest income on the Statements of Operations. As of February 28, 2023, approximately $0.4 million of interest income related to SLF JV was included in interest receivable on the Statements of Assets and Liabilities. For the period from October 26, 2021, through February 28, 2022, the Company earned approximately $0.1 million of interest income related to SLF JV, which is included in interest income on the Statement of Operations. As of February 28, 2022, approximately $0.1 million of interest income related to SLF JV was included in interest receivable. For the years ended February 29, 2024, and February 28, 2023 and 2022, the Company earned approximately $5.9 million, $0.0 million and $0.0 million of dividend related to SLF JV, which is included in dividend income on control investments. SLF JV’s initial investment in SLF 2022 was in the form of an unsecured loan. The unsecured loan paid a floating rate of LIBOR plus 7.00% per annum and was paid in full on June 9, 2023. The unsecured loan was repaid in full on October 28, 2022, as part of the CLO closing. On October 28, 2022, SLF 2022 issued $402.1 million of the 2022 JV CLO Notes through the JV CLO trust. The 2022 JV CLO Notes were issued pursuant to the JV Indenture, with the Trustee. As part of the transaction, the Company purchased 87.50% of the Class E Notes from SLF 2022 with a par value of $12.25 million. As of February 29, 2024 and February 28, 2023, the fair value of these Class E Notes were $12.3 million and $11.4 million, respectively.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Feb. 29, 2024
Income Taxes [Abstract]
Income Taxes	Note 6. Income Taxes The Company has elected and intends to operate so as to qualify annually to be taxed as a RIC under Subchapter M of the Code and, as such, will not be subject to U.S. federal income tax on the portion of taxable income and gains timely distributed to stockholders. The Company owns 100% of Saratoga CLO, an exempted company incorporated in the Cayman Islands. For financial reporting purposes, the Saratoga CLO is not included as part of the consolidated financial statements. For U.S. federal income tax purposes, the Company has requested and received approval from the IRS to treat the Saratoga CLO as a disregarded entity. As such, for U.S. federal income tax purposes and for purposes of meeting the RIC qualification and diversification tests, the results of operations of the Saratoga CLO are included with those of the Company to qualify as a RIC. Generally, the Company is required to meet certain income and asset diversification tests in addition to timely distributing at least 90% of its investment company taxable income, as defined by the Code. Because U.S. federal income tax regulations differ from U.S. GAAP, distributions as required in accordance with tax regulations may differ from net investment income and realized gains recognized for financial reporting purposes. Differences between these distributions and U.S. GAAP financial results may be permanent or temporary in nature. Permanent differences are reclassified among capital accounts in the consolidated financial statements to reflect their tax character. Differences in classification may also result from the treatment of short-term gains as ordinary income for U.S. federal income tax purposes. As of February 29, 2024 and February 28, 2023, the Company reclassified for book purposes amounts arising from permanent book/tax differences primarily related to nondeductible U.S. federal excise and capital gains tax and worthless securities losses (dollars in thousands): February 29, February 28, Capital in excess of par value $ (779 ) $ 16 Total distributable earnings (loss) 779 (16 ) For U.S federal income tax purposes, distributions paid to shareholders are reported as ordinary income, return of capital, long term capital gains or a combination thereof. The tax character of distributions paid for the years ended February 29, 2024, February 28, 2023 and February 28, 2022 was as follows (dollars in thousands): February 29, February 28, February 28, Ordinary income $ 35,636 $ 27,313 $ 22,033 Capital gains - - - Total $ 35,636 $ 27,313 $ 22,033 For U.S. federal income tax purposes, as of February 29, 2024, the aggregate net unrealized depreciation for all securities was $39.7 million. The aggregate cost of securities for U.S. federal income tax purposes was $1.8 billion. For U.S. federal income tax purposes, as of February 28, 2023, the aggregate net unrealized depreciation for all securities was $15.5 million. The aggregate cost of securities for U.S. federal income tax purposes was $1.6 billion. As of February 29, 2024 and February 28, 2023, the components of accumulated losses on a tax basis as detailed below differ from the amounts reflected per the Company’s consolidated statements of assets and liabilities by temporary book/tax differences primarily arising from the consolidation of the Saratoga CLO for U.S federal tax purposes, market discount and original issue discount income, interest income accrual on defaulted bonds, write-off of investments, and amortization of organizational expenditures and partnership interests (dollars in thousands). February 29, February 28, Post October loss deferred $ - $ - Accumulated capital losses (19,900 ) (1,580 ) Other temporary differences 6,855 1,971 Undistributed Long Term Gain - - Undistributed ordinary income 46,215 19,771 Unrealized appreciation (depreciation) (39,685 ) (15,500 ) Total components of accumulated losses $ (6,515 ) $ 4,662 At February 29, 2024, the Company had a short-term capital loss of $0.0 million and a long-term capital loss of $19.9 million, available to offset future capital gains. At February 29, 2024 the company did not utilize any short-term capital losses or long-term capital losses. Post RIC-modernization act losses are deemed to arise on the first day of the fund’s following fiscal year and there is no expiration for these losses. As of February 28, 2023, the Company had net long-term capital losses of $1.6 million. Depending on the level of taxable income earned in a tax year, the Company may choose to carry forward taxable income in excess of current year dividend distributions into the next tax year and pay a 4.0% U.S. federal excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year dividend distributions for excise tax purposes, the Company accrues excise tax, if any, on estimated excess taxable income as taxable income is earned. For the calendar years ended December 31, 2023 and December 31, 2022, the Company did not distribute at least 98% of its ordinary income and 98.2% of its capital gains and accrued $1.8 million and $1.1 million in U.S. federal excise taxes on undistributed taxable income for the years ended February 29, 2024 and February 28, 2023, respectively. Management has analyzed the Company’s tax positions taken on U.S. federal income tax returns for all open years (fiscal years 2020- 2023) and has concluded that no provision for uncertain income tax positions is required in the Company’s consolidated financial statements. SIA-AAP, Inc., SIA-ARC, Inc., SIA-Avionte, Inc., SIA-AX, Inc., SIA-G4, Inc., SIA-GH, Inc., SIA-MAC, Inc., SIA-MDP, Inc., SIA-PP Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., SIA-Vector, Inc., and SIA-VR, Inc., each 100% owned by the Company, are each filing standalone C Corporation tax returns for U.S. federal and state tax purposes. As separately regarded entities for tax purposes, these entities are subject to U.S. federal income tax at corporate rates. For tax purposes, any distributions by the entities to the parent company would generally need to be distributed to the Company’s shareholders. Generally, such distributions of the entities’ income to the Company’s shareholders will be considered as qualified dividends for tax purposes. The entities’ taxable net income will differ from U.S. GAAP net income because of deferred tax temporary differences arising from net operating losses and unrealized appreciation and deprecation of securities held. Deferred tax assets and liabilities are measured using enacted corporate federal and state tax rates expected to apply to taxable income in the years in which those net operating losses are utilized and the unrealized gains and losses are realized. Deferred tax assets and deferred tax liabilities are netted off by entity, as allowed. The recoverability of deferred tax assets is assessed and a valuation allowance is recorded to the extent that it is more likely than not that any portion of the deferred tax asset will not be realized on the basis of a history of operating losses combined with insufficient projected taxable income or other taxable events in the Corporate Blockers. In February 2022, SIA-GH, Inc., SIA-TT Inc. and SIA-VR, Inc. received an approved plan of liquidation following the sale of equity held by each of the portfolio companies. The Company’s V Rental Holdings LLC Class A-1 membership units were sold during the year ended February 28, 2022. The entity which held this investment, SIA-VR, Inc. will remain in existence for a period of time until all ongoing indemnification obligations are settled, after which it will be dissolved. For purposes of tax accounting, the Company had an $0.0 million current tax receivable as of February 29, 2024. The Company’s Texas Teachers of Tomorrow, LLC common stock was sold during the year ended February 28, 2022. The entity which held this investment, SIA-TT, Inc. will remain in existence for a period of time until all ongoing indemnification obligations are settled, after which it will be dissolved. For purposes of tax accounting, the Company had an $0.01 million current tax receivable as of February 29, 2024. The Company’s GreyHeller LLC Series A preferred units was sold during the year ended February 28, 2022. The entity which held this investment, SIA-TT, Inc. will remain in existence for a period of time until all ongoing indemnification obligations are settled, after which it will be dissolved. For purposes of tax accounting, the Company had an $0.09 million current tax receivable as of February 29, 2024. The Company may distribute a portion of its realized net long term capital gains in excess of realized net short term capital losses to its stockholders, but may also decide to retain a portion, or all, of its net capital gains and elect to pay the 21% U.S. federal tax on the net capital gain, potentially in the form of a “deemed distribution” to its stockholders. Income tax (provision) relating to an election to retain its net capital gains, including in the form of a deemed distribution, is included as a component of income tax (provision) benefit from realized gains on investments, depending on the character of the underlying taxable income (ordinary or capital gains), on the consolidated statements of operations. Deferred tax assets and liabilities, and related valuation allowances, as of February 29, 2024 and February 28, 2023, were as follows: February 29, February 28, Total deferred tax assets $ 2,650,580 $ 2,542,373 Total deferred tax liabilities (3,901,995 ) (3,008,829 ) Valuation allowance on net deferred tax assets (2,539,735 ) (2,350,116 ) Net deferred tax liability $ (3,791,150 ) $ (2,816,572 ) As of February 29, 2024, the valuation allowance on deferred tax assets was $2.5 million, which represents the federal and state tax effect of net operating losses and unrealized losses that we do not believe we will realize through future taxable income. Any adjustments to the Company’s valuation allowance will depend on estimates of future taxable income and will be made in the period such determination is made. Net deferred tax expense (benefit) for the year ended February 29, 2024 includes $0.9 million net change in unrealized appreciation (depreciation) on investments and $0.04 million net change in total operating expense (benefit), in the consolidated statement of operations, respectively. Net deferred tax expense (benefit) for the year ended February 28, 2023 includes $1.7 million net change in unrealized appreciation (depreciation) on investments and $(0.2) million net change in total operating expense, in the consolidated statement of operations, respectively. Net deferred tax expense (benefit) for the year ended February 28, 2022 includes $(0.7) million net change in unrealized appreciation (depreciation) on investments and $0.0 million net change in total operating expense, in the consolidated statement of operations, respectively. Deferred tax temporary differences may include differences for state taxes and joint venture interests. Federal and state income tax provisions (benefits) on investments are as follows: February 29, February 28, February 28, Current Federal $ - $ (473,475 ) $ 2,498,515 State - (80,273 ) 327,021 Net current expense - (553,748 ) 2,825,536 Deferred Federal 990,920 1,467,975 (444,628 ) State (16,343 ) 99,582 (227,737 ) Net deferred expense 974,577 1,567,557 (672,365 ) Net tax provision $ 974,577 $ 1,013,809 $ 2,153,171 The Company has remaining federal net operating loss carryforwards of $ Income tax expense was computed by applying the U.S. federal statutory rate of 21% combined with the weighted average state tax rate applicable to each Corporate Blocker based on the states they operate in.

Agreements and Related Party Tr

Agreements and Related Party Transactions	12 Months Ended
Agreements and Related Party Transactions	Feb. 29, 2024
Agreements and Related Party Transactions [Abstract]
Agreements and Related Party Transactions	Note 7. Agreements and Related Party Transactions Investment Advisory and Management Agreement On July 30, 2010, the Company entered into the Management Agreement with the Manager. The initial term of the Management Agreement was two years from its effective date, with one-year renewals thereafter subject to certain approvals by the Company’s board of directors and/or the Company’s stockholders. Most recently, on July 6, 2023, the Company’s board of directors approved the renewal of the Management Agreement for an additional one-year term. Pursuant to the Management Agreement, the Manager implements the Company’s business strategy on a day-to-day basis and performs certain services for the Company, subject to oversight by the board of directors. The Manager is responsible for, among other duties, determining investment criteria, sourcing, analyzing and executing investments transactions, asset sales, financings and performing asset management duties. Under the Management Agreement, the Company pays the Manager a management fee for investment advisory and management services consisting of a base management fee and an incentive management fee. Base Management Fee and Incentive Management Fee The base management fee of 1.75% per year is calculated based on the average value of our gross assets (other than cash or cash equivalents, but including assets purchased with borrowed funds) at the end of the two most recently completed fiscal quarters. The base management fee is paid quarterly following the filing of the most recent quarterly report on Form 10-Q. The incentive management fee consists of the following two parts: The first, payable quarterly in arrears, equals 20% of the Company’s pre-incentive fee net investment income, expressed as a rate of return on the value of our net assets at the end of the immediately preceding quarter, that exceeds a 1.875% quarterly hurdle rate measured as of the end of each fiscal quarter, subject to a “catch-up” provision. Under this provision, in any fiscal quarter, the Manager receives no incentive fee unless our pre-incentive fee net investment income exceeds the hurdle rate of 1.875%. The Manager will receive 100% of pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than or equal to 2.344% in any fiscal quarter; and 20% of the amount of our pre-incentive fee net investment income, if any, that exceeds 2.344% in any fiscal quarter. There is no accumulation of amounts on the hurdle rate from quarter to quarter, and accordingly there is no claw back of amounts previously paid if subsequent quarters are below the quarterly hurdle rate, and there is no delay of payment if prior quarters are below the quarterly hurdle rate. The second part of the incentive fee is determined and payable in arrears as of the end of each fiscal year (or upon termination of the Management Agreement) and equals 20% of the Company’s “incentive fee capital gains,” which equals the Company’s realized capital gains on a cumulative basis from May 31, 2010 through the end of the fiscal year, if any, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis on each investment in the Company’s portfolio, less the aggregate amount of any previously paid capital gain incentive fee. Importantly, the capital gains portion of the incentive fee is based on realized gains and realized and unrealized losses from May 31, 2010. Therefore, realized and unrealized losses incurred prior to such time will not be taken into account when calculating the capital gains portion of the incentive fee, and the Manager will be entitled to 20.0% of incentive fee capital gains that arise after May 31, 2010. In addition, for the purpose of the “incentive fee capital gains” calculations, the cost basis for computing realized gains and losses on investments held by us as of May 31, 2010 will equal the fair value of such investments as of such date. For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, the Company incurred $19.2 million, $16.4 million and $11.9 million in base management fees, respectively. For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, the Company incurred $13.0 million, $6.8 million and $6.4 million in incentive fees related to pre-incentive fee net investment income. For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, the Company accrued $(8.3) million, $(1.8) million and $5.5 million, respectively, in incentive fees related to capital gains. The accrual is calculated using both realized and unrealized capital gains for the period. The actual incentive fee related to capital gains will be determined and payable in arrears at the end of the fiscal year and will include only realized capital gains for the period. As of February 29, 2024, the base management fees accrual was $5.0 million and the incentive fees accrual was $3.2 million and are included in base management and incentive fees payable in the accompanying consolidated statements of assets and liabilities. As of February 28, 2023, the base management fees accrual was $4.3 million and the incentive fees accrual was $7.9 million and are included in base management and incentive fees payable in the accompanying consolidated statements of assets and liabilities. Administration Agreement On July 30, 2010, the Company entered into a separate administration agreement (the “Administration Agreement”) with the Manager, pursuant to which the Manager, as the Company’s administrator, has agreed to furnish the Company with the facilities and administrative services necessary to conduct day-to-day operations and provide managerial assistance on the Company’s behalf to those portfolio companies to which the Company is required to provide such assistance. The initial term of the Administration Agreement was two years from its effective date, with one-year renewals thereafter subject to certain approvals by the Company’s board of directors and/or the Company’s stockholders. The amount of expenses payable or reimbursable thereunder by the Company was capped at $1.0 million for the initial two-year term of the Administration Agreement and subsequent renewals. Most recently, on July 6, 2023, the Company’s board of directors approved the renewal of the Administration Agreement for an additional one-year term and subsequently increased the cap on the payment or reimbursement of expenses by the Company from $3.275 million to $4.3 million, effective August 1, 2023. For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, we recognized $3.9 million, $3.2 million and $2.9 million in administrator expenses, respectively, pertaining to bookkeeping, recordkeeping and other administrative services provided to us in addition to our allocable portion of rent and other overhead related expenses. As of February 29, 2024, $0.5 million of administrator expenses were accrued and included in due to Manager in the accompanying consolidated statements of assets and liabilities. As of February 28, 2023, $0.001 million of administrator expenses were accrued and included in due to Manager in the accompanying consolidated statements of assets and liabilities. Saratoga CLO On December 14, 2018, the Company completed the third refinancing and issuance of the 2013-1 Reset CLO Notes. This refinancing, among other things, extended the Saratoga CLO reinvestment period to January 2021, and extended its legal maturity to January 2030. In addition, and as part of the refinancing, the Saratoga CLO has also been upsized from $300 million in assets to approximately $500 million. In conjunction with the third refinancing and issuance of the 2013-1 Reset CLO Notes on December 14, 2018, the Company is no longer entitled to receive an incentive management fee from Saratoga CLO. See Note 4 for additional information. On February 26, 2021, the Company completed the fourth refinancing of the Saratoga CLO. This refinancing, among other things, extended the Saratoga CLO reinvestment period to April 2024, extended its legal maturity to April 2033, and extended the non-call period to February 2022. In addition, and as part of the refinancing, the Saratoga CLO was upsized from $500 million in assets to approximately $650 million. As part of this refinancing and upsizing, the Company invested an additional $14.0 million in all of the newly issued subordinated notes of the Saratoga CLO, and purchased $17.9 million in aggregate principal amount of the Class F-R-3 Notes tranche at par. Concurrently, the existing $2.5 million of Class F-R-2 Notes, $7.5 million of Class G-R-2 Notes and $25.0 million CLO 2013-1 Warehouse 2 Loan were repaid. The Company also paid $2.6 million of transaction costs related to the refinancing and upsizing on behalf of the Saratoga CLO, to be reimbursed from future equity distributions. At November 30, 2021, the outstanding receivable of 2.6 million was repaid in full. On August 9, 2021, the Company exchanged its existing $17.9 million Class F-R-3 Notes for $8.5 million Class F-1-R-3 Notes and $9.4 million Class F-2-R-3 Notes at par. On August 11, 2021, the Company sold its Class F-1-R-3 Notes to third parties, resulting in a realized loss of $0.1 million. As of February 29, 2024, and February 28, 2023, the Company’s investment in the Class F-2-R-3 Note of the Saratoga CLO had a fair value of $8.9 million and $8.8 million, respectively. In addition, the Company has no outstanding receivable balance from the Class F-2-R-3 Note of the Saratoga CLO, as of February 29, 2024. For the years ended February 29, 2024, February 28, 2023, and February 28, 2022, we recognized $1.5 million, $1.2 million and $0.5 million in interest income, respectively, related to the Class F-2-R-3 Note of the Saratoga CLO. As of February 29, 2024, and February 28, 2023, the Company’s investment in the Subordinated Note of the Saratoga CLO had a fair value of $9.5 million and $21.2 million, respectively. In addition, the Company has no outstanding receivable balance from the Subordinated Note of the Saratoga CLO, as of February 29, 2024. For the years ended February 29, 2024, February 28, 2023, and February 28, 2022, we recognized $3.3 million, $3.3 million and $3.3 million in management fee income, respectively, related to the Subordinated Note of the Saratoga CLO. For the years ended February 29, 2024, February 28, 2023, and February 28, 2022, we recognized $0.0 million, $1.2 million and $4.4 million in interest income, respectively, related to the Subordinated Note of the Saratoga CLO. For the years ended February 29, 2024, February 28, 2023, and February 28, 2022, the Company neither bought nor sold any investments from the Saratoga CLO. SLF JV On October 26, 2021, the Company and TJHA entered into an LLC Agreement to co-manage the SLF JV. SLF JV is a joint venture that invests in the debt or equity interests of collateralized loan obligations, loan, notes and other debt instruments. The Company records interest income from its investment in an unsecured loan with SLF JV on an accrual basis and records dividend income from its membership interest when earned. All operating decisions are shared with a 50% voting interest in SLF JV. On October 28, 2022, SLF 2022 issued $402.1 million of the 2022 JV CLO Notes through the JV CLO trust. The 2022 JV CLO Notes were issued pursuant to the JV Indenture, with the Trustee. As of February 29, 2024 and February 28, 2023 respectively, the Company’s investment in the SLF JV had a fair value of $25.2 million and $30.7 million, consisting of an unsecured loan of $15.8 million and $17.6 million, and membership interest of $9.4 million and $13.1 million. In addition, approximately $0.3 million and $0.4 million of interest income related to SLF JV was included in interest receivable on the Statement of Assets and Liabilities. For the years ended February 29, 2024, February 28, 2023, and February 28, 2022, we recognized $1.8 million, $1.5 million and $0.1 million in interest income on the consolidated statement of operations, respectively, related to the SLF JV. For the years ended February 29, 2024, and February 28, 2023 and 2022, the we recognized $5.9 million, $0.0 million and $0.0 million of dividend income on the consolidated statement of operations, respectively, related to the SLF JV. As part of the JV CLO trust transaction, the Company purchased 87.50% of the Class E Notes from SLF 2022 with a par value of $12.25 million.

Borrowings

Borrowings	12 Months Ended
Borrowings	Feb. 29, 2024
Borrowings [Abstract]
Borrowings	Note 8. Borrowings Credit Facility As a BDC, we are only allowed to employ leverage to the extent that our asset coverage, as defined in the 1940 Act, equals at least 200% after giving effect to such leverage, or, 150% if certain requirements under the 1940 Act are met. On April 16, 2018, as permitted by the Small Business Credit Availability Act, which was signed into law on March 23, 2018, our board of directors, including a majority of our directors who are not “interested persons” (as defined in Section 2(a)(19) of the 1940 Act”) of the Company (“independent directors”), approved a minimum asset coverage ratio of 150%. The 150% asset coverage ratio became effective on April 16, 2019. The amount of leverage that we employ at any time depends on our assessment of the market and other factors at the time of any proposed borrowing. Our asset coverage ratio, as defined in the 1940 Act, was 161.1% as of February 29, 2024 and 165.9% as of February 28, 2023. On April 11, 2007, we entered into a $100.0 million revolving securitized credit facility (the “Revolving Facility”). On May 1, 2007, we entered into a $25.7 million term securitized credit facility (the “Term Facility” and, together with the Revolving Facility, the “Facilities”), which was fully drawn at closing. In December 2007, we consolidated the Facilities by using a draw under the Revolving Facility to repay the Term Facility. In response to the market wide decline in financial asset prices, which negatively affected the value of our portfolio, we terminated the revolving period of the Revolving Facility effective January 14, 2009 and commenced a two-year amortization period during which all principal proceeds from the collateral were used to repay outstanding borrowings. A significant percentage of our total assets had been pledged under the Revolving Facility to secure our obligations thereunder. Under the Revolving Facility, funds were borrowed from or through certain lenders and interest was payable monthly at the greater of the commercial paper rate and our lender’s prime rate plus 4.00% plus a default rate of 2.00% or, if the commercial paper market was unavailable, the greater of the prevailing LIBOR rates and our lender’s prime rate plus 6.00% plus a default rate of 3.00%. On July 30, 2010, we used the net proceeds from (i) the stock purchase transaction and (ii) a portion of the funds available to us under the $45.0 million senior secured revolving credit facility with Madison Capital Funding LLC (the “Madison Credit Facility”), in each case, to pay the full amount of principal and accrued interest, including default interest, outstanding under the Revolving Facility. As a result, the Revolving Facility was terminated in connection therewith. Substantially all of our total assets, other than those held by SBIC LP, SBIC II LP and SBIC III LP, were pledged under the Madison Credit Facility to secure our obligations thereunder. On October 4, 2021, all outstanding amounts on the Madison Credit Facility were repaid and the Madison Credit Facility was terminated. The repayment and termination of the Madison Credit Facility resulted in a realized loss on the extinguishment of debt of $0.8 million. Encina Credit Facility On October 4, 2021, the Company entered into the Credit and Security Agreement (the “Encina Credit Agreement”) relating to a $50.0 million senior secured revolving credit facility with the Lender, supported by loans held by SIF II and pledged to the Encina Credit Facility. The terms of the Encina Credit Facility required a minimum drawn amount of $12.5 million at all times during the first six months following the closing date, which increased to the greater of $25.0 million or 50% of the commitment amount in effect at any time thereafter. Advances under the Encina Credit Facility originally bore interest at a floating rate per annum equal to LIBOR plus 4.0%, with LIBOR having a floor of 0.75%, with customary provisions related to the selection by the Lender and the Company of a replacement benchmark rate. On January 27, 2023, we entered into the first amendment to the Encina Credit Agreement to, among other things: ● increase the borrowings available under the Encina Credit Facility from up to $50.0 million to up to $65.0 million; ● change the underlying benchmark used to compute interest under the Encina Credit Agreement from LIBOR to Term SOFR for a one-month tenor plus a 0.10% credit spread adjustment; ● increase the applicable effective margin rate on borrowings from 4.00% to 4.25%; ● extend the revolving period from October 4, 2024 to January 27, 2026; ● extend the period during which the borrower may request one or more increases in the borrowings available under the Encina Credit Facility (each such increase, a “Facility Increase”) from October 4, 2023 to January 27, 2025, and increased the maximum borrowings available pursuant to the Encina Facility Increase from $75.0 million to $150.0 million; ● revise the eligibility criteria for eligible collateral loans to exclude certain industries in which an obligor or related guarantor may be involved; and ● amend the provisions permitting the borrower to request an extension in the Commitment Termination Date (as defined in the Encina Credit Agreement) to allow requests to extend any applicable Commitment Termination Date, rather than a one-time request to extend the original Commitment Termination Date, subject to a notice requirement. In addition to any fees or other amounts payable under the terms of the Encina Credit Facility, an administrative agent fee per annum equal to $0.1 million is payable in equal monthly installments in arrears. As of February 29, 2024 and February 28, 2023, there were $35.0 million and $32.5 million outstanding borrowings under the Encina Credit Facility. During the applicable periods, the Company was in compliance with all of the limitations and requirements under the Encina Credit Agreement. Financing costs of $2.0 million related to the Encina Credit Facility have been capitalized and are being amortized over the term of the facility, with all existing financing costs amortized through January 27, 2026 from the date of the amendment and extension . For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, we recorded $0.5 million, $0.5 million and $0.3 million of amortization of deferred financing costs related to the Encina Credit Facility and Madison Credit Facility, respectively. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expenses on the consolidated statements of operations. For the fiscal year ended February 29, 2024, the average borrowings outstanding and the weighted average interest rate on outstanding borrowings under the Encina Credit Facility was approximately $37.9 million and 9.66%, respectively. For the fiscal year ended February 28, 2023, the average borrowings outstanding and the weighted average interest rate on outstanding borrowings under the Encina Credit Facility and the Madison Credit Facility were approximately $26.3 million and 6.72%, respectively. For the fiscal year ended February 28, 2022, the average borrowings outstanding and the weighted average interest rate on outstanding borrowings under the Encina Credit Facility and the Madison Credit Facility were approximately $8.7 million and 5.22%, respectively. The Encina Credit Facility contains limitations as to how borrowed funds may be used, such as restrictions on industry concentrations, asset size, weighted average life, currency denomination and collateral interests. The Encina Credit Facility also includes certain requirements relating to portfolio performance, the violation of which could result in the limit of further advances and, in some cases, result in an event of default, allowing the lenders to accelerate repayment of amounts owed thereunder. Availability on the Encina Credit Facility will be subject to a borrowing base calculation, based on, among other things, applicable advance rates (which vary from 50.0% to 75.0% of par or fair value depending on the type of loan asset) and the value of certain “eligible” loan assets included as part of the borrowing base. Funds may be borrowed at the greater of the prevailing one-month SOFR rate, plus an applicable effective margin of 4.25%. In addition, the Company will pay the lender a commitment fee of 0.75% per year (or 0.50% if the ratio of advances outstanding to aggregate commitments is greater than or equal to 50%) on the unused amount of the Encina Credit Facility. Our borrowing base under the Encina Credit Facility was $35.0 million subject to the Encina Credit Facility cap of $65.0 million at February 29, 2024. For purposes of determining the borrowing base, most assets are assigned the values set forth in our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (“SEC”). Accordingly, the February 29, 2024 borrowing base relies upon the valuations set forth in the Quarterly Report on Form 10-Q for the period ended November 30, 2023. The valuations presented in this Quarterly Report on Form 10-Q will not be incorporated into the borrowing base until after this Annual Report on Form 10-K is filed with the SEC. SBA Debentures The Company’s wholly owned subsidiaries, SBIC LP, SBIC II LP, and SBIC III LP, received SBIC licenses from the SBA on March 28, 2012, August 14, 2019, and September 29, 2022, respectively. SBIC LP’s license provides up to $150.0 million in additional long-term capital in the form of SBA debentures, while SBIC II LP’s and SBIC III LP’s SBIC licenses each provide up to $175.0 million. Under current SBIC regulations, for two or more SBICs under common control, the maximum amount of outstanding SBA debentures cannot exceed $350.0 million. Following the debentures being fully repaid to the SBA, SBIC LP surrendered its license on January 3, 2024, providing the Company access to all undistributed capital of SBIC LP. SBICs are designed to stimulate the flow of private equity capital to eligible small businesses. Under SBA regulations, SBICs may make loans to eligible small businesses and invest in the equity securities of small businesses. Under present SBA regulations, eligible small businesses include businesses that have a tangible net worth not exceeding $24.0 million and have average annual fully taxed net income not exceeding $8.0 million for the two most recent fiscal years. In addition, an SBIC must devote 25.0% of its investment activity to “smaller enterprises” as defined by the SBA. A smaller enterprise is one that has a tangible net worth not exceeding $6.0 million and has average annual fully taxed net income not exceeding $2.0 million for the two most recent fiscal years. SBA regulations also provide alternative size standard criteria to determine eligibility, which depend on the industry in which the business is engaged and are based on such factors as the number of employees and gross sales. According to SBA regulations, SBICs may make long-term loans to small businesses, invest in the equity securities of such businesses and provide them with consulting and advisory services. The Company’s wholly owned SBIC Subsidiaries are able to borrow funds from the SBA against each SBIC’s regulatory capital (which generally approximates equity capital in the respective SBIC). The SBIC Subsidiaries are subject to customary regulatory requirements including but not limited to, a periodic examination by the SBA and requirements to maintain certain minimum financial ratios and other covenants. Receipt of an SBIC license does not assure that the SBIC Subsidiaries will receive SBA-guaranteed debenture funding, which is dependent upon the SBIC Subsidiaries complying with SBA regulations and policies. The SBA, as a creditor, will have a superior claim to each SBIC Subsidiaries’ assets over the Company’s stockholders and debtholders in the event that the Company liquidates such SBIC Subsidiary or the SBA exercises its remedies under the SBA-guaranteed debentures issued by the SBIC Subsidiary upon an event of default. The Company received exemptive relief from the SEC to permit it to exclude the debt of the SBIC subsidiaries guaranteed by the SBA from the definition of senior securities in the asset coverage test under the 1940 Act. This allows the Company increased flexibility under the asset coverage requirement by permitting it to borrow up to $350.0 million more than it would otherwise be able to absent the receipt of this exemptive relief. As of February 29, 2024, we have funded SBIC II LP and SBIC III LP with an aggregate total of equity capital of $87.5 million and $66.7 million, respectively, and have $214.0 million in SBA-guaranteed debentures outstanding, of which $175.0 million was held by SBIC II LP and $39.0 million held in SBIC III LP. At February 29, 2024 and February 28, 2023, there was $214.0 million and $202.0 million outstanding of SBA debentures, respectively. The carrying amount of the amount outstanding of SBA debentures approximates its fair value, which is based on a waterfall analysis showing adequate collateral coverage and would be classified as a Level 3 liability within the fair value hierarchy. Financing costs of $5.0 million, $6.0, and $0.4 million related to the SBA debentures issued by SBIC LP, SBIC II LP and SBIC III LP, respectively, have been capitalized and are being amortized over the term of the commitment and drawdown. During the year ended February 29, 2024, the Company repaid $27.0 million of SBA debentures, resulting in a realized loss on extinguishment of $0.1 million related to the acceleration of deferred debt financing costs. For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, we recorded $6.2 million, $6.4 million and $4.7 million of interest expense related to the SBA debentures, respectively. For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, we recorded $1.0 million, $1.0 million and $0.7 million of amortization of deferred financing costs related to the SBA debentures, respectively. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. The weighted average interest rate during the years ended February 29, 2024, February 28, 2023 and February 28, 2022 on the outstanding borrowings of the SBA debentures was 3.08%, 2.78% and 2.60%, respectively. During the years ended February 29, 2024 and February 28, 2023, the average dollar amount of SBA debentures outstanding was $202.5 million and $229.9 million, respectively. Notes 6.25% 2025 Notes On August 28, 2018, the Company issued $40.0 million in aggregate principal amount of 6.25% fixed-rate notes due 2025 (the “6.25% 2025 Notes”) for net proceeds of $38.7 million after deducting underwriting commissions of approximately $1.3 million. Offering costs incurred were approximately $0.3 million. The issuance included the full exercise of the underwriters’ option to purchase an additional $5.0 million in aggregate principal amount of 6.25% 2025 Notes within 30 days. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.6 million related to the 6.25% 2025 Notes have been capitalized and were amortized over the term of the 6.25% 2025 Notes. On February 5, 2019, the Company issued an additional $20.0 million in aggregate principal amount of the 6.25% 2025 Notes for net proceeds of $19.2 million after deducting underwriting commissions of approximately $0.6 million and discount of $0.2 million. Offering costs incurred were approximately $0.2 million. The issuance included the full exercise of the underwriters’ option to purchase an additional $2.5 million in aggregate principal amount of 6.25% 2025 Notes within 30 days. The additional 6.25% 2025 Notes were treated as a single series with the existing 6.25% 2025 Notes under the indenture and have the same terms as the existing 6.25% 2025 Notes. The net proceeds from this offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. The financing costs and discount of $1.0 million related to the 6.25% 2025 Notes have been capitalized and were amortized over the term of the 6.25% 2025 Notes. On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of issued and outstanding 6.25% 2025 Notes. The 6.25% 2025 Notes were listed on the NYSE under the trading symbol of “SAF” and have been delisted following the full redemption on August 31, 2021. As such, it was not fair valued with market quotes and is not fair value leveled. The repayment of the 6.25% 2025 Notes resulted in a realized loss on the extinguishment of debt of $1.5 million. 7.25% 2025 Notes On June 24, 2020, the Company issued $37.5 million in aggregate principal amount of 7.25% fixed-rate notes due 2025 (the “7.25% 2025 Notes”) for net proceeds of $36.3 million after deducting underwriting commissions of approximately $1.2 million. Offering costs incurred were approximately $0.3 million. On July 6, 2020, the underwriters exercised their option in full to purchase an additional $5.625 million in aggregate principal amount of its 7.25% 2025 Notes. Net proceeds to the Company were $5.4 million after deducting underwriting commissions of approximately $0.2 million. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.6 million related to the 7.25% 2025 Notes have been capitalized and were amortized over the term of the 7.25% 2025 Notes. On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the issued and outstanding 7.25% 2025 Notes. The 7.25% 2025 Notes were listed on the NYSE under the trading symbol of “SAK” and have been delisted following the full redemption on July 14, 2022. As such, it was not fair valued with market quotes and is not fair value leveled. The repayment of the 7.25% 2025 Notes resulted in a realized loss on the extinguishment of debt of $1.0 million. For the years ended February 29, 2024 and February 28, 2023, we recorded $0.0 million and $1.2 million, respectively, of interest expense and $0.0 million and $0.1 million, respectively, of amortization of deferred financing costs related to the 7.25% 2025 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. For the year ended February 29, 2024 and February 28, 2023, the average dollar amount of 7.25% 2025 Notes outstanding was $0.0 million and $13.5 million, respectively. 7.75% 2025 Notes On July 9, 2020, the Company issued $5.0 million in aggregate principal amount of 7.75% fixed-rate notes due in 2025 (the “7.75% 2025 Notes”) for net proceeds of $4.8 million after deducting underwriting commissions of approximately $0.2 million. Offering costs incurred were approximately $0.1 million. Interest on the 7.75% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.75% per year. The 7.75% 2025 Notes mature on July 9, 2025 and may be redeemed in whole or in part at any time or from time to time at the Company’s option subject to a fee depending on the date of repayment. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $0.3 million related to the 7.75% 2025 Notes have been capitalized and are being amortized over the term of the 7.75% 2025 Notes. As of February 29, 2024, the total 7.75% 2025 Notes outstanding was $5.0 million. The 7.75% 2025 Notes are not listed and have a par value of $25.00 per note. The carrying amount of the outstanding 7.75% 2025 Notes had a fair value of $5.0 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, the total 7.75% 2025 Notes outstanding was $5.0 million, and they had a fair value of $5.0 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. For the years ended February 29, 2024 and February 28, 2023, we recorded $0.4 million and $0.4 million, respectively, of interest expense and $0.05 million and $0.05 million, respectively, of amortization of deferred financing costs related to the 7.75% 2025 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. For the year ended February 29, 2024 and February 28, 2023, the average dollar amount of 7.75% 2025 Notes outstanding was $5.0 million and $5.0 million, respectively. 6.25% 2027 Notes On December 29, 2020, the Company issued $5.0 million in aggregate principal amount of 6.25% fixed-rate notes due in 2027 (the “6.25% 2027 Notes”). Offering costs incurred were approximately $0.1 million. Interest on the 6.25% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.25% per year. The 6.25% 2027 Notes mature on December 29, 2027 and may be redeemed in whole or in part at any time or from time to time at the Company’s option, on or after December 29, 2024. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $0.1 million related to the 6.25% 2027 Notes have been capitalized and are being amortized over the term of the Notes. On January 28, 2021, the Company issued an additional $10.0 million in aggregate principal amount of the 6.25% 2027 Notes for net proceeds of $9.7 million after deducting underwriting commissions of approximately $0.3 million (the “Additional 6.25% 2027 Notes”). Offering costs incurred were approximately $0.1 million. The Additional 6.25% 2027 Notes are treated as a single series with the existing 6.25% 2027 Notes under the indenture and have the same terms as the existing 6.25% 2027 Notes. Interest on the 6.25% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.25% per year. The 6.25% 2027 Notes mature on January 28, 2027 and commencing January 28, 2023, may be redeemed in whole or in part at any time or from time to time at the Company’s option. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $0.4 million related to the 6.25% 2027 Notes have been capitalized and are being amortized over the term of the 6.25% 2027 Notes. The 6.25% 2027 Notes are not listed and have a par value of $25.00 per note. As of February 29, 2024, the total 6.25% 2027 Notes outstanding was $15.0 million. The 6.25% 2027 Notes are not listed and have a par value of $25.00 per note. The carrying amount of the outstanding 6.25% 2027 Notes had a fair value of $14.2 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, the total 6.25% 2027 Notes outstanding was $15.0 million, and they had a fair value of $13.7 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. For the years ended February 29, 2024 and February 28, 2023, we recorded $0.9 million and $0.9 million, respectively, of interest expense and $0.07 million and $0.07 million, respectively, of amortization of deferred financing costs related to the 6.25% 2027 Notes. Interest expense and amortization of deferred financing cost are reported as interest and debt financing expense on the consolidated statements of operations. For the year ended February 29, 2024 and February 28, 2023, the average dollar amount of 6.25% 2027 Notes outstanding was $15.0 million and $15.0 million, respectively. 4.375% 2026 Notes On March 10, 2021, the Company issued $50.0 million in aggregate principal amount of 4.375% fixed-rate notes due in 2026 (the “4.375% 2026 Notes”) for net proceeds of $49.0 million after deducting underwriting commissions of approximately $1.0 million. Offering costs incurred were approximately $0.3 million. Interest on the 4.375% 2026 Notes is paid semi-annually in arrears on February 28 and August 28, at a rate of 4.375% per year. The 4.375% 2026 Notes mature on February 28, 2026 and may be redeemed in whole or in part at any time on or after November 28, 2025 at par plus a “make-whole” premium, and thereafter at par. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.3 million related to the 4.375% 2026 Notes have been capitalized and are being amortized over the term of the 4.375% 2026 Notes. On July 15, 2021, the Company issued an additional $125.0 million in aggregate principal amount of the 4.375% 2026 Notes (the “Additional 4.375% 2026 Notes”) for net proceeds for approximately $123.8 million, based on the public offering price of 101.00% of the aggregate principal amount of the Additional 4.375% 2026 Notes, after deducting the underwriting commissions of $2.5 million. Offering costs incurred were approximately $0.2 million. The Additional 4.375% 2026 Notes are treated as a single series with the existing 4.375% 2026 Notes under the indenture and have the same terms as the existing 4.375% 2026 Notes. The net proceeds from the offering were used to redeem all of the outstanding 6.25% 2025 Notes (as described above), and for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $2.7 million have been capitalized and are being amortized over the term of the additional 4.375% 2026 Notes. As of February 29, 2024, the total 4.375% 2026 Notes outstanding was $175.0 million. The 4.375% 2026 Notes are not listed and are issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The carrying amount of the outstanding 4.375% 2026 Notes had a fair value of $163.4 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, the total 4.375% 2026 Notes outstanding was $175.0 million, and they had a fair value of $156.1 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, there was $175.0 million outstanding. For the years ended February 29, 2024 and February 28, 2023, we recorded $7.7 million and $7.7 million, respectively, of interest expense, $0.8 million and $0.8 million, respectively, of amortization of deferred financing costs and $0.3 million and $0.3 million, respectively, of amortization of premium on issuance of 4.375% Notes due 2026 (inclusive of the issuance of the Additional 4.375% 2026 Notes). Interest expense, amortization of deferred financing costs and amortization of premium on issuance of notes are reported as interest and debt financing expense on the consolidated statements of operations. During the years ended February 29, 2024 and February 28, 2023, the average dollar amount of 4.375% 2026 Notes outstanding was $175.0 million and $175.0 million respectively. 4.35% 2027 Notes On January 19, 2022, the Company issued $75.0 million in aggregate principal amount of 4.35% fixed-rate notes due in 2027 (the “4.35% 2027 Notes”) for net proceeds of $73.0 million, based on the public offering price of 99.317% of the aggregate principal amount of the 4.35% 2027 Notes, after deducting the underwriting commissions of approximately $1.5 million. Offering costs incurred were approximately $0.3 million. Interest on the 4.35% 2027 Notes is paid semi-annually in arrears on February 28 and August 28, at a rate of 4.35% per year. The 4.35% 2027 Notes mature on February 28, 2027 and may be redeemed in whole or in part at the Company’s option at any time prior to November 28, 2026, at par plus a “make-whole” premium, and thereafter at par. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.8 million related to the 4.35% 2027 Notes have been capitalized and are being amortized over the term of the 4.35% 2027 Notes. As of February 29, 2024, the total 4.35% 2027 Notes outstanding was $75.0 million. The 4.35% 2027 Notes are not listed. The carrying amount of the outstanding 4.35% 2027 Notes had a fair value of $67.8 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, the total 4.35% 2027 Notes outstanding was $75.0 million, and they had a fair value of $64.5 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, there was $75.0 million outstanding. For the years ended February 29, 2024 and February 28, 2023, we recorded $3.3 million and $3.3 million, respectively, of interest expense, $0.3 million and $0.3 million, respectively, of amortization of deferred financing costs and $0.10 million and $0.09 million, respectively, of amortization of discount on issuance of 4.35% Notes due 2027 (inclusive of the issuance of the Additional 4.35% 2027 Notes). Interest expense, amortization of deferred financing costs and amortization of discount on issuance of notes are reported as interest and debt financing expense on the consolidated statements of operations. During the years ended February 29, 2024 and February 28, 2023, the average dollar amount of 4.35% 2027 Notes outstanding was $75.0 million and $75.0 million respectively. 6.00% 2027 Notes On April 27, 2022, the Company issued $87.5 million in aggregate principal amount of 6.00% fixed-rate notes due 2027 (the “6.00% 2027 Notes”) for net proceeds of $84.8 million after deducting underwriting commissions of approximately $2.7 million. Offering costs incurred were approximately $0.1 million. On May 10, 2022, the underwriters partially exercised their option to purchase an additional $10.0 million in aggregate principal amount of the 6.00% 2027 Notes. Net proceeds to the Company were $9.7 million after deducting underwriting commissions of approximately $0.3 million. Interest on the 6.00% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.00% per year. The 6.00% 2027 Notes mature on April 30, 2027 and commencing April 27, 2024, may be redeemed in whole or in part at any time or from time to time at the Company’s option. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $3.3 million related to the 6.00% 2027 Notes have been capitalized and are being amortized over the term of the 6.00% 2027 Notes. The 6.00% 2027 Notes are listed on the NYSE under the trading symbol “SAT” with a par value of $25.00 per note. On August 15, 2022, the Company issued an additional $8.0 million in aggregate principal amount of the 6.00% 2027 Notes (the “Additional 6.00% 2027 Notes”) for net proceeds of $7.8 million, based on the public offering price of 97.80% of the aggregate principal amount of the 6.00% 2027 Notes. Additional offering costs incurred were approximately $0.2 million. The Additional 6.00% 2027 Notes are treated as a single series with the existing 6.00% 2027 Notes under the indenture and have the same terms as the existing 6.00% 2027 Notes. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Additional financing costs of $0.3 million related to the 6.00% 2027 Notes have been capitalized and are being amortized over the term of the 6.00% 2027 Notes. As of February 29, 2024, the total 6.00% 2027 Notes outstanding was $105.5 million. The 6.00% 2027 Notes are listed on the NYSE under the trading symbol “SAT” with a par value of $25.00 per note. As of February 29, 2024, the carrying amount and fair value of the 6.00% 2027 Notes was $10

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Feb. 29, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies Contractual Obligations The following table shows our payment obligations for repayment of debt and other contractual obligations at February 29, 2024: Payment Due by Period Long-Term Debt Obligations Total Less Than 1 - 3 3 - 5 More Than ($ in thousands) Encina credit facility $ 35,000 $ - $ 35,000 $ - $ - SBA debentures 214,000 - - - 214,000 8.75% 2025 Notes 20,000 - 20,000 - - 7.00% 2025 Notes 12,000 - 12,000 - - 7.75% 2025 Notes 5,000 - 5,000 - - 4.375% 2026 Notes 175,000 - 175,000 - - 4.35% 2027 Notes 75,000 - 75,000 - - 6.00% 2027 Notes 105,500 - - 105,500 - 6.25% 2027 Notes 15,000 - - 15,000 - 8.00% 2027 Notes 46,000 - - 46,000 - 8.125% 2027 Notes 60,375 - - 60,375 - 8.50% 2028 Notes 57,500 - - 57,500 - Total Long-Term Debt Obligations $ 820,375 $ - $ 322,000 $ 284,375 $ 214,000 Off-balance Sheet Arrangements At February 29, 2024 and February 28, 2023, the Company’s off-balance sheet arrangements consisted of $132.4 million and $108.8 million, respectively, of unfunded commitments outstanding to provide debt financing to its portfolio companies or to fund limited partnership interests. Such commitments are generally up to the Company’s discretion to approve, or the satisfaction of certain financial and nonfinancial covenants and involve, to varying degrees, elements of credit risk in excess of the amount recognized in the Company’s consolidated statements of assets and liabilities and are not reflected in the Company’s consolidated statements of assets and liabilities. A summary of the unfunded commitments outstanding as of February 29, 2024 and February 28, 2023 is shown in the table below (dollars in thousands): February 29, February 28, At Company’s discretion ActiveProspect, Inc. $ 10,000 $ 10,000 Artemis Wax Corp. 23,500 - Ascend Software, LLC 5,000 5,000 Granite Comfort, LP 750 15,000 JDXpert 5,000 5,000 LFR Chicken LLC - 4,000 Pepper Palace, Inc. 1,898 3,000 Procurement Partners, LLC 4,250 4,250 Saratoga Senior Loan Fund I JV, LLC 8,548 8,548 Sceptre Hospitality Resources, LLC 5,000 5,000 Stretch Zone Franchising, LLC 3,750 - VetnCare MSO, LLC 10,000 - Total $ 77,696 $ 59,798 At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required Alpha Aesthetics Partners OpCo, LLC $ 6,500 $ - ARC Health OpCo LLC 2,585 10,773 Artemis Wax Corp. - 8,500 Ascend Software, LLC - 3,200 Axero Holdings, LLC - Revolver 500 500 Axiom Medical Consulting, LLC 2,000 - BQE Software, Inc. 3,250 - C2 Educational Systems 3,000 - Davisware, LLC 750 - Exigo, LLC - 4,167 Exigo, LLC - Revolver 1,042 833 Gen4 Dental Partners Holdings, LLC - 11,000 GoReact 2,500 2,500 Granite Comfort, LP 11,637 - JDXpert - 1,000 Inspect Point Holding, LLC 1,500 - Pepper Palace, Inc. - Delayed Draw Term Loan - 2,000 Pepper Palace, Inc. - Revolver 2,500 2,500 Procurement Partners, LLC - 1,000 Stretch Zone Franchising, LLC 1,500 - VetnCare MSO, LLC 15,319 - Zollege PBC 150 1,000 54,733 48,973 Total $ 132,429 $ 108,771 The Company believes its assets will provide adequate coverage to satisfy these unfunded commitments. As of February 29, 2024, the Company had cash and cash equivalents of $8.7 million and $31.8 million in available borrowings under the Encina Credit Facility.

Directors Fees

Directors Fees	12 Months Ended
Directors Fees	Feb. 29, 2024
Directors Fees [Abstract]
Directors Fees	Note 10. Directors Fees The independent directors each receive an annual fee of $70,000. They also receive $3,000 plus reimbursement of reasonable out-of-pocket expenses incurred in connection with attending each board meeting and receive $1,500 plus reimbursement of reasonable out-of-pocket expenses incurred in connection with attending each committee meeting. In addition, the chairman of the Audit Committee receives an annual fee of $12,500 and the chairman of each other committee of the board of directors receives an annual fee of $6,000 for their additional services in these capacities. In addition, we have purchased directors’ and officers’ liability insurance on behalf of our directors and officers. Independent directors have the option to receive their directors’ fees in the form of our common stock issued at a price per share equal to the greater of NAV or the market price at the time of payment. No compensation is paid to directors who are “interested persons” of the Company (as defined in Section 2(a)(19) of the 1940 Act). No compensation is paid to directors who are “interested persons” of the Company (as defined in Section 2(a)(19) of the 1940 Act). For the years ended February 29, 2024, February 28, 2023 and February 28, 2022, we incurred $0.4 million, $0.4 million and $0.3 million for directors’ fees and expenses, respectively. As of February 29, 2024 and February 28, 2023, $0.0 million and $0.01 million in directors’ fees and expenses were accrued and unpaid, respectively. As of February 29, 2024, we had not issued any common stock to our directors as compensation for their services.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Feb. 29, 2024
Stockholders' Equity [Abstract]
Stockholders’ Equity	Note 11. Stockholders’ Equity Share Repurchases On September 24, 2014, the Company announced the approval of an open market share repurchase plan that originally allowed it to repurchase up to 200,000 shares of its common stock at prices below its NAV as reported in its then most recently published consolidated financial statements (the “Share Repurchase Plan”). Since September 24, 2014, the Share Repurchase Plan has been extended annually, and the Company has periodically increased the amount of shares of common stock that may be purchased under the Share Repurchase Plan, most recently to 1.7 million shares of common stock. On January 8, 2024, the Company’s board of directors extended the Share Repurchase Plan for another year to January 15, 2025. As of February 29, 2024, the Company purchased 1,035,203 shares of common stock, at the average price of $22.05 for approximately $22.8 million pursuant to the Share Repurchase Plan. During the three months ended February 29, 2024, the Company did not purchase any shares of common stock pursuant to the Share Repurchase Plan. During the year ended February 29, 2024, the Company purchased 88,576 shares of common stock, at the average price $24.36 for approximately $2.2 million pursuant to the Share Repurchase Plan. Public Equity Offering On July 13, 2018, the Company issued 1,150,000 shares of its common stock priced at $25.00 per share (par value $0.001 per share) at an aggregate total of $28.75 million. The net proceeds, after deducting underwriting commissions of $1.15 million and offering costs of approximately $0.2 million, amounted to approximately $27.4 million. The Company also granted the underwriters a 30-day option to purchase up to an additional 172,500 shares of its common stock, which was not exercised. Equity ATM Program On March 16, 2017, the Company entered into an equity distribution agreement with Ladenburg Thalmann & Co. Inc., through which the Company offered for sale, from time to time, up to $30.0 million of the Company’s common stock through an ATM offering. Subsequent to this, BB&T Capital Markets and B. Riley FBR, Inc. were also added to the agreement. On July 11, 2019, the amount of the common stock to be offered was increased to $70.0 million, and on October 8, 2019, the amount of the common stock to be offered was increased to $130.0 million. This agreement was terminated as of July 29, 2021, and as of that date, the Company had sold 3,922,018 shares for gross proceeds of $97.1 million at an average price of $24.77 for aggregate net proceeds of $95.9 million (net of transaction costs). On July 30, 2021, the Company entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Ladenburg Thalmann & Co. Inc. and Compass Point Research and Trading, LLC (collectively the “Agents”), through which the Company may offer for sale, from time to time, up to $150.0 million of the Company’s common stock through the Agents, or to them, as principal for their account (the “ATM Program”). On July 6, 2023, the Equity Distribution Agreement was amended to increase the maximum amount of shares of our common stock to be sold through the ATM Program to $300.0 million from $150.0 million, and on July 19, 2023, the Equity Distribution Agreement was amended to add an additional distribution agent, Raymond James & Associates. The sales price per share of the Company’s common stock offered under the ATM Program, less the Agents’ commission, will not be less than the NAV per share of the Company’s common stock at the time of such sale. Consistent with the terms of the ATM Program, the Manager may, from time to time and in its sole discretion, contribute proceeds necessary to ensure that no sales are made at a price below the then-current NAV per share. As of February 29, 2024 the Company sold 6,543,878 shares for gross proceeds of $172.5 million at an average price of $26.37 for aggregate net proceeds of $171.0 million (net of transaction costs). During the three months ended February 29, 2024, the Company sold 501,105 shares for gross proceeds of $14.3 million at an average price of $28.44 for aggregate net proceeds of $14.3 million (net of transaction costs). During the year ended February 29, 2024, the Company sold 1,703,517 shares for gross proceeds of $49.0 million at an average price of $28.51 for aggregate net proceeds of $49.0 million (net of transaction costs). The Manager agreed to reimburse the Company to the extent the per share price of the shares to the public, less underwriting fees, was less than net asset value per share. For the three months ended February 29, 2024, the Manager reimbursed the Company $1.4 million. For the year ended February 29, 2024, the Manager reimbursed the Company $4.5 million. The Company adopted Rule 3-04/Rule 8-03(a)(5) under Regulation S-X (Note 2). Pursuant to Regulation S-X, the Company has presented a reconciliation of the changes in each significant caption of stockholders’ equity as shown in the tables below: Total Common Stock Capital Distributable Shares Amount of Par Value (Loss) Net Assets Balance at February 28, 2022 12,131,350 $ 12,131 $ 328,062,246 $ 27,706,146 $ 355,780,523 Increase (Decrease) from Operations: Net investment income - - - 7,976,222 7,976,222 Net realized gain (loss) from investments - - - 162,509 162,509 Income tax (provision) benefit from realized gain on investments - - - 69,250 69,250 Net change in unrealized appreciation (depreciation) on investments - - - (9,333,449 ) (9,333,449 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (361,951 ) (361,951 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,428,817 ) (6,428,817 ) Capital Share Transactions: Stock dividend distribution 42,825 43 1,108,637 - 1,108,680 Repurchases of common stock (142,177 ) (142 ) (3,734,174 ) - (3,734,316 ) Repurchase fees - - (2,840 ) - (2,840 ) Balance at May 31, 2022 12,031,998 $ 12,032 $ 325,433,869 $ 19,789,910 $ 345,235,811 Increase (Decrease) from Operations: Net investment income - - - 7,698,014 7,698,014 Net realized gain (loss) from investments - - - 7,943,838 7,943,838 Realized losses on extinguishment of debt - - - (1,204,809 ) (1,204,809 ) Net change in unrealized appreciation (depreciation) on investments - - - (13,258,456 ) (13,258,456 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (230,154 ) (230,154 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,369,981 ) (6,369,981 ) Capital Share Transactions: Stock dividend distribution 48,590 49 1,088,139 - 1,088,188 Repurchases of common stock (153,350 ) (154 ) (3,685,951 ) - (3,686,105 ) Repurchase fees - - (3,071 ) - (3,071 ) Balance at August 31, 2022 11,927,238 $ 11,927 $ 322,832,986 $ 14,368,362 $ 337,213,275 Total Common Stock Capital Distributable Shares Amount of Par Value (Loss) Net Assets Increase (Decrease) from Operations: Net investment income - - - 9,877,437 9,877,437 Net realized gain (loss) from investments - - - (740,434 ) (740,434 ) Income tax (provision) benefit from realized gain on investments - - - 479,318 479,318 Net change in unrealized appreciation (depreciation) on investments - - - (3,176,208 ) (3,176,208 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (425,848 ) (425,848 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,433,298 ) (6,433,298 ) Capital Share Transactions: Stock dividend distribution 52,312 53 1,150,881 - 1,150,934 Repurchases of common stock (94,071 ) (95 ) (2,179,600 ) - (2,179,695 ) Repurchase fees - - (1,881 ) - (1,881 ) Balance at November 30, 2022 11,885,479 $ 11,885 $ 321,802,386 $ 13,949,329 $ 335,763,600 Increase (Decrease) from Operations: Net investment income - - - 9,649,474 9,649,474 Net realized gain (loss) from investments - - - 80,683 80,683 Realized losses on extinguishment of debt - - - (382,274 ) (382,274 ) Net change in unrealized appreciation (depreciation) on investments - - - 10,549,981 10,549,981 Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (697,380 ) (697,380 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,081,306 ) (8,081,306 ) Capital Share Transactions: Stock dividend distribution 53,615 55 1,300,405 - 1,300,460 Repurchases of common stock (48,594 ) (49 ) (1,224,175 ) - (1,224,224 ) Repurchase fees - - (972 ) - (972 ) Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles - - 16,162 (16,162 ) - Balance at February 28, 2023 11,890,500 $ 11,891 $ 321,893,806 $ 25,052,345 $ 346,958,042 Total Common Stock Capital Distributable Shares Amount of Par Value (Loss) Net Assets Increase (Decrease) from Operations: Net investment income - - - 15,958,950 15,958,950 Net realized gain (loss) from investments - - - 90,691 90,691 Net change in unrealized appreciation (depreciation) on investments - - - (16,322,307 ) (16,322,307 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - 59,407 59,407 Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,193,402 ) (8,193,402 ) Capital Share Transactions: Stock dividend distribution 45,818 47 1,058,797 - 1,058,844 Repurchases of common stock (88,576 ) (90 ) (2,157,515 ) - (2,157,605 ) Repurchase fees - - (1,772 ) - (1,772 ) Balance at May 31, 2023 11,847,742 $ 11,848 $ 320,793,316 $ 16,645,684 $ 337,450,848 Increase (Decrease) from Operations: Net investment income - - - 13,964,784 13,964,784 Realized losses on extinguishment of debt - - - (110,056 ) (110,056 ) Net change in unrealized appreciation (depreciation) on investments - - - (5,737,571 ) (5,737,571 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (221,206 ) (221,206 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,352,335 ) (8,352,335 ) Capital Share Transactions: Proceeds from issuance of common stock 852,412 852 22,497,265 - 22,498,117 Capital contribution from Manager - - 2,050,288 - 2,050,288 Stock dividend distribution 29,627 30 749,283 - 749,313 Offfering costs - - (213,427 ) - (213,427 ) Balance at August 31, 2023 12,729,781 $ 12,730 $ 345,876,725 $ 16,189,300 $ 362,078,755 Increase (Decrease) from Operations: Net investment income - - - 14,166,063 14,166,063 Net realized gain (loss) from investments - - - 60,565 60,565 Net change in unrealized appreciation (depreciation) on investments - - - (17,866,353 ) (17,866,353 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (415,894 ) (415,894 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,286,642 ) (9,286,642 ) Capital Share Transactions: Proceeds from issuance of common stock 350,000 350 9,012,150 - 9,012,500 Capital contribution from Manager - - 1,043,000 - 1,043,000 Stock dividend distribution 35,196 35 858,960 - 858,995 Offering costs - - (92,240 ) - (92,240 ) Balance at November 30, 2023 13,114,977 $ 13,115 $ 356,698,595 $ 2,847,039 $ 359,558,749 Increase (Decrease) from Operations: Net investment income - - - 12,784,511 12,784,511 Net realized gain (loss) from investments - - - 2,328 2,328 Net change in unrealized appreciation (depreciation) on investments - - - (7,164,613 ) (7,164,613 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (315,473 ) (315,473 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,803,576 ) (9,803,576 ) Capital Share Transactions: Proceeds from issuance of common stock 501,105 501 13,028,269 - 13,028,770 Capital contribution from Manager - - 1,382,009 - 1,382,009 Stock dividend distribution 37,394 38 915,155 - 915,193 Offering costs - - (163,789 ) - (163,789 ) Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles - - (779 ) 779 - Balance at February 29, 2024 13,653,476 $ 13,654 $ 371,081,199 $ (870,745 ) $ 370,224,108

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Feb. 29, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 12. Earnings Per Share In accordance with the provisions of FASB ASC Topic 260, Earnings per Share The following information sets forth the computation of the weighted average basic and diluted net increase in net assets resulting from operations per share for the years ended February 29, 2024, February 28, 2023 and February 28, 2022 (dollars in thousands except share and per share amounts): Basic and Diluted February 29, February 28, February 28, Net increase in net assets resulting from operations $ 8,934 $ 24,676 $ 45,735 Weighted average common shares outstanding 12,670,939 11,963,533 11,456,631 Weighted average earnings per common share $ 0.71 $ 2.06 $ 3.99

Dividend

Dividend	12 Months Ended
Dividend	Feb. 29, 2024
Dividend [Abstract]
Dividend	Note 13. Dividend We have distributed or intend to distribute sufficient dividends to eliminate our U.S. federal taxable income for our completed tax years. If we fail to satisfy the 90% distribution requirement or otherwise fail to qualify as a RIC in any tax year, we would be subject to U.S. federal income tax in that year on all of our taxable income, regardless of whether we made any distributions to our shareholders. Shareholders have the option to receive payment of the dividend in cash, or receive shares of common stock. Our distributions for the tax years ended February 29, 2024 to inception were as follows: Payment date Cash Dividend Tax Year Ended February 28, 2025 March 28, 2024 $ 0.73 (45) $ 0.73 Tax Year Ended February 29, 2024 December 28, 2023 $ 0.72 (44) September 28, 2023 0.71 (43) June 29, 2023 0.70 (42) March 30, 2023 0.69 (1) $ 2.82 Tax Year Ended February 28, 2023 January 4, 2023 $ 0.68 (2) September 29, 2022 0.54 (3) June 29, 2022 0.53 (4) March 28, 2022 0.53 (5) $ 2.28 Tax Year Ended February 28, 2022 January 19, 2022 $ 0.53 (6) September 28, 2021 0.52 (7) June 29, 2021 0.44 (8) April 22, 2021 0.43 (9) $ 1.92 Tax Year Ended February 28, 2021 February 10, 2021 $ 0.42 (10) November 10, 2020 0.41 (11) August 12, 2020 0.40 (12) $ 1.03 Tax Year Ended February 29, 2020 February 6, 2020 $ 0.56 (13) September 26, 2019 0.56 (14) June 27, 2019 0.55 (15) March 28, 2019 0.54 (16) $ 2.21 Tax Year Ended February 28, 2019 January 2, 2019 $ 0.53 (17) September 27, 2018 0.52 (18) June 27, 2018 0.51 (19) March 26, 2018 0.50 (20) $ 2.06 Tax Year Ended February 28, 2018 December 27, 2017 $ 0.49 (21) September 26, 2017 0.48 (22) June 27, 2017 0.47 (23) March 28, 2017 0.46 (24) $ 1.90 Payment date Cash Dividend Tax Year Ended February 28, 2017 February 9, 2017 $ 0.45 (25) November 9, 2016 0.44 (26) September 5, 2016 0.20 (27) August 9, 2016 0.43 (28) April 27, 2016 0.41 (29) $ 1.93 Tax Year Ended February 29, 2016 February 29, 2016 $ 0.40 (30) November 30, 2015 0.36 (31) August 31, 2015 0.33 (32) June 5, 2015 1.00 (33) May 29. 2015 0.27 (34) $ 2.36 Tax Year Ended February 28, 2015 February 27, 2015 $ 0.22 (35) November 28, 2014 0.18 (36) $ 0.40 Tax Year Ended February 28. 2014 December 27, 2013 $ 2.65 (37) $ 2.65 Tax Year Ended February 28, 2013 December 31, 2012 $ 4.25 (38) $ 4.25 Tax Year Ended February 29, 2012 December 30, 2011 $ 3.00 (39) $ 3.00 Tax Year Ended February 28, 2011 December 29, 2010 $ 4.40 (40) $ 4.40 Tax Year Ended February 28, 2010 December 31, 2009 $ 18.25 (41) $ 18.25 (1) Based on shareholder elections, the dividend consisted of approximately $7.1 million in cash and 45,818 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.11 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on March 17, 20, 21, 22, 23, 24, 27, 28, 29, and 30, 2023. (2) Based on shareholder elections, the dividend consisted of approximately $6.8 million in cash and 53,615 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.26 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on December 20, 21, 22, 23, 27, 28, 29 and 30 2022 and January 3 and 4, 2023. (3) Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 52,312 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.00 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 16, 19, 20, 21, 22, 23, 26, 27, 28 and 29, 2022. (4) Based on shareholder elections, the dividend consisted of approximately $5.1 million in cash and 48,590 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.40 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on June 15, 16, 17, 21, 22, 23, 24, 27, 28 and 29, 2022. (5) Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 42,825 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.89 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on March 15, 16, 17, 18, 21, 22, 23, 24, 25 and 28, 2022. (6) Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 41,520 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $26.85 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on January 5, 6, 7, 10, 11, 12, 13, 14, 18 and 19, 2022. (7) Based on shareholder elections, the dividend consisted of approximately $4.9 million in cash and 38,016 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $26.77 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 15, 16, 17, 20, 21, 22, 23, 24, 27 and 28, 2021. (8) Based on shareholder elections, the dividend consisted of approximately $4.1 million in cash and 33,100 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.03 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on June 16, 17, 18, 21, 22, 23, 24, 25, 28 and 29, 2021. (9) Based on shareholder elections, the dividend consisted of approximately $3.9 million in cash and 38,580 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.69 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on April 9,12, 13, 14, 15, 16, 19, 20, 21 and 22, 2021. (10) Based on shareholder elections, the dividend consisted of approximately $3.8 million in cash and 41,388 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.75 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on January 28, 29 and February 1, 2, 3, 4, 5, 8, 9 and 10, 2021. (11) Based on shareholder elections, the dividend consisted of approximately $3.8 million in cash and 45,706 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.63 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on October 28, 29, 30 and November 2, 3, 4, 5, 6, 9 and 10, 2020. (12) Based on shareholder elections, the dividend consisted of approximately $3.7 million in cash and 47,098 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.45 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on July 30, 31 and August 3, 4, 5, 6, 7, 10, 11 and 12, 2020. (13) Based on shareholder elections, the dividend consisted of approximately $5.4 million in cash and 35,682 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.44 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on January 24, 27, 28, 29, 30, 31 and February 3, 4, 5 and 6, 2020. (14) Based on shareholder elections, the dividend consisted of approximately $4.5 million in cash and 34,575 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.34 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 13, 16, 17, 18, 19, 20, 23, 24, 25 and 26, 2019. (15) Based on shareholder elections, the dividend consisted of approximately $3.6 million in cash and 31,545 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.65 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 17, 18, 19, 20, 21, 24, 25, 26 and 27, 2019. (16) Based on shareholder elections, the dividend consisted of approximately $3.5 million in cash and 31,240 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.36 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 15, 18, 19, 20, 21, 22, 25, 26, 27 and 28, 2019. (17) Based on shareholder elections, the dividend consisted of approximately $3.4 million in cash and 30,796 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $18.88 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on December 18, 19, 20, 21, 24, 26, 27, 28, 31, 2018 and January 2, 2019. (18) Based on shareholder elections, the dividend consisted of approximately $3.3 million in cash and 25,862 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.35 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 14, 17, 18, 19, 20, 21, 24, 25, 26 and 27, 2018. (19) Based on shareholder elections, the dividend consisted of approximately $2.7 million in cash and 21,562 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.72 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 15, 18, 19, 20, 21, 22, 25, 26 and 27, 2018. (20) Based on shareholder elections, the dividend consisted of approximately $2.6 million in cash and 25,354 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $19.91 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 13, 14, 15, 16, 19, 20, 21, 22, 23 and 26, 2018. (21) Based on shareholder elections, the dividend consisted of approximately $2.5 million in cash and 25,435 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.14 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on December 13, 14, 15, 18, 19, 20, 21, 22, 26 and 27, 2017. (22) Based on shareholder elections, the dividend consisted of approximately $2.2 million in cash and 33,551 newly issued shares of common stock, or 0.6% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.19 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 13, 14, 15, 18, 19, 20, 21, 22, 25 and 26, 2017. (23) Based on shareholder elections, the dividend consisted of approximately $2.3 million in cash and 26,222 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.04 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 15, 16, 19, 20, 21, 22, 23, 26 and 27, 2017. (24) Based on shareholder elections, the dividend consisted of approximately $2.0 million in cash and 29,096 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.38 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 15, 16, 17, 20, 21, 22, 23, 24, 27 and 28, 2017. (25) Based on shareholder elections, the dividend consisted of approximately $1.6 million in cash and 50,453 newly issued shares of common stock, or 0.9% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.25 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on January 27, 30, 31 and February 1, 2, 3, 6, 7, 8 and 9, 2017. (26) Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 58,548 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.12 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on October 27, 28, 31 and November 1, 2, 3, 4, 7, 8 and 9, 2016. (27) Based on shareholder elections, the dividend consisted of approximately $0.7 million in cash and 24,786 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.06 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on August 22, 23, 24, 25, 26, 29, 30, 31 and September 1 and 2, 2016. (28) Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 58,167 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.32 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on July 27, 28, 29 and August 1, 2, 3, 4, 5, 8 and 9, 2016. (29) Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 56,728 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.43 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on April 14, 15, 18, 19, 20, 21, 22, 25, 26 and 27, 2016. (30) Based on shareholder elections, the dividend consisted of approximately $1.4 million in cash and 66,765 newly issued shares of common stock, or 1.2% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $13.11 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on February 16, 17, 18, 19, 22, 23, 24, 25, 26 and 29, 2016. (31) Based on shareholder elections, the dividend consisted of approximately $1.1 million in cash and 61,029 newly issued shares of common stock, or 1.1% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.53 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on November 16, 17, 18, 19, 20, 23, 24, 25, 27 and 30, 2015. (32) Based on shareholder elections, the dividend consisted of approximately $1.1 million in cash and 47,861 newly issued shares of common stock, or 0.9% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.28 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on August 18, 19, 20, 21, 24, 25, 26, 27, 28 and 31, 2015. (33) Based on shareholder elections, the dividend consisted of approximately $3.4 million in cash and 126,230 newly issued shares of common stock, or 2.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.47 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on May 22, 26, 27, 28, 29 and June 1, 2, 3, 4, and 5, 2015. (34) Based on shareholder elections, the dividend consisted of approximately $0.9 million in cash and 33,766 newly issued shares of common stock, or 0.6% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.78 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on May 15, 18, 19, 20, 21, 22, 26, 27, 28 and 29, 2015. (35) Based on shareholder elections, the dividend consisted of approximately $0.8 million in cash and 26,858 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.97 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on February 13, 17, 18, 19, 20, 23, 24, 25, 26 and 27, 2015. (36) Based on shareholder elections, the dividend consisted of approximately $0.6 million in cash and 22,283 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.37 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on November 14, 17, 18, 19, 20, 21, 24, 25, 26 and 28, 2014. (37) Based on shareholder elections, the dividend consisted of approximately $2.5 million in cash and 649,500 shares of common stock, or 13.7% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.439 per share, which equaled the volume weighted average trading price per share of the common stock on December 11, 13 and 16, 2013. (38) Based on shareholder elections, the dividend consisted of $3.3 million in cash and 853,455 shares of common stock, or 22.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.444 per share, which equaled the volume weighted average trading price per share of the common stock on December 14, 17 and 19, 2012. (39) Based on shareholder elections, the dividend consisted of $2.0 million in cash and 599,584 shares of common stock, or 18.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $13.117067 per share, which equaled the volume weighted average trading price per share of the common stock on December 20, 21 and 22, 2011. (40) Based on shareholder elections, the dividend consisted of $1.2 million in cash and 596,235 shares of common stock, or 22.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 10.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.8049 per share, which equaled the volume weighted average trading price per share of the common stock on December 20, 21 and 22, 2010. (41) Based on shareholder elections, the dividend consisted of $2.1 million in cash and 864,872 shares of common stock, or 104.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 13.7% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $1.5099 per share, which equaled the volume weighted average trading price per share of the common stock on December 24 and 28, 2009. (42) Based on shareholder elections, the dividend consisted of approximately $7.6 million in cash and 29,627 newly issued shares of common stock, or 0.2% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.29 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on June 15, 16, 20, 21, 22, 23, 26, 27, 28, and 29, 2023. (43) Based on shareholder elections, the dividend consisted of approximately $8.4 million in cash and 35,196 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.41 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 15, 18, 19, 20, 21, 22, 25, 26, 27, and 28, 2023. (44) Based on shareholder elections, the dividend consisted of approximately $8.9 million in cash and 37,394 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.47 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on December 14, 15, 18, 19, 20, 21, 22, 26, 27, and 28, 2023. (45) Based on shareholder elections, the dividend consisted of approximately $9.0 million in cash and 45,490 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.85 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on March 15, 18, 19, 20, 21, 22, 25, 26, 27, and 28, 2024. The following tables summarize dividends declared for the years ended February 29, 2024, February 28, 2023, February 28, 2022, February 28, 2021 and February 29, 2020 (dollars in thousands except for share amounts): Date Declared Record Date Payment Date Amount per Share Total Amount* February 15, 2024 March 13, 2024 March 28, 2024 $ 0.73 $ 9,967 November 15, 2023 December 11, 2023 December 28, 2023 0.72 9,803 August 14, 2023 September 14, 2023 September 28, 2023 0.71 9,287 May 22, 2023 June 13, 2023 June 29, 2023 0.70 8,352 Total dividends declared $ 2.86 $ 37,409 Date Declared Record Date Payment Date Amount per Share Total Amount* February 28, 2023 March 14, 2023 March 28, 2023 $ 0.69 $ 8,193 November 15, 2022 December 15, 2022 January 4, 2023 0.68 8,081 August 29, 2022 September 14, 2022 September 29, 2022 0.54 6,433 May 26, 2022 June 14, 2022 June 29, 2022 0.53 6,370 Total dividends declared $ 2.44 $ 29,077 Date Declared Record Date Payment Date Amount per Share Total Amount* February 24, 2022 March 14, 2022 March 28, 2022 $ 0.53 $ 6,434 August 26, 2021 September 14, 2021 September 28, 2021 0.52 5,889 May 27, 2021 June 15, 2021 June 29, 2021 0.44 4,910 March 22, 2021 April 8, 2021 April 22, 2021 0.43 4,799 Total dividends declared $ 1.92 $ 22,032 Date Declared Record Date Payment Date Amount per Share Total Amount* January 5, 2021 January 26, 2021 February 10, 2021 $ 0.42 $ 4,679 October 7, 2020 October 26, 2020 November 10, 2020 0.41 4,581 July 7, 2020 July 27, 2020 August 12, 2020 0.40 4,487 Total dividends declared $ 1.23 $ 13,747 Date Declared Record Date Payment Date Amount per Share Total Amount* January 7, 2020 January 24, 2020 February 6, 2020 $ 0.56 $ 6,262 August 27, 2019 September 13, 2019 September 26, 2019 0.56 5,323 May 28, 2019 June 13, 2019 June 27, 2019 0.55 4,336 February 26, 2019 March 14, 2019 March 28, 2019 0.54 4,176 Total dividends declared $ 2.21 $ 20,097 * Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights

Financial Highlights	12 Months Ended
Financial Highlights	Feb. 29, 2024
Investment Company, Financial Highlights [Abstract]
Financial Highlights	Note 14. Financial Highlights The following is a schedule of financial highlights as of and for the years ended February 29, 2024, February 28, 2023, February 28, 2022, February 28, 2021 and February 29, 2020: Per share data February 29, February 28, February 28, February 28, February 29, Net asset value at beginning of period $ 29.18 $ 29.33 $ 27.25 $ 27.13 $ 23.62 Net investment income(1) 4.49 2.94 1.74 2.07 1.59 Net realized and unrealized gain and losses on investments(1) (3.77 ) (0.75 ) 2.46 (0.74 ) 4.56 Realized losses on extinguishment of debt* (0.01 ) (0.13 ) (0.21 ) (0.01 ) (0.17 ) Net increase in net assets resulting from operations 0.71 2.06 3.99 1.32 5.98 Distributions declared from net investment income (2.82 ) (2.28 ) (1.93 ) (1.23 ) (2.21 ) Total distributions to stockholders (2.82 ) (2.28 ) (1.93 ) (1.23 ) (2.21 ) Issuance of common stock above net asset value(2) (0.40 ) (2.28 ) (1.93 ) (1.23 ) (2.21 ) Capital contribution from Manager for the issuance of common stock(8) 0.48 - - - - Repurchases of common stock(3) 0.03 0.17 0.01 0.13 - Dilution(4) (0.06 ) (0.10 ) - (0.10 ) (0.26 ) Net asset value at end of period $ 27.12 $ 29.18 $ 29.33 $ 27.25 $ 27.13 Net assets at end of period $ 370,224,108 $ 346,958,042 $ 355,780,523 $ 304,185,770 $ 304,286,853 Shares outstanding at end of period 13,653,476 11,890,500 12,131,350 11,161,416 11,217,545 Per share market value at end of period $ 23.61 $ 27.55 $ 27.47 $ 23.08 $ 22.91 Total return based on market value(5) -3.92 % 10.35 % 28.19 % 7.63 % 9.28 % Total return based on net asset value(6) 4.20 % 9.46 % 15.88 % 7.31 % 26.22 % Ratio/Supplemental data: Ratio of net investment income to average net assets 16.01 % 10.23 % 6.05 % 7.77 % 6.31 % Ratio of loss on extinguishment of debt to average net assets 0.03 % 0.46 % 0.74 % 0.04 % 0.67 % Expenses: Ratios of operating expenses and income taxes to average net assets* 8.59 % 7.71 % 6.48 % 6.90 % 6.10 % Ratio of incentive management fees to average net assets 2.26 % 1.47 % 3.58 % 1.65 % 6.01 % Ratio of interest and debt financing expenses to average net assets 13.84 % 9.73 % 6.03 % 4.56 % 6.23 % Ratio of total expenses and income taxes to average net assets* 24.70 % 18.91 % 16.09 % 13.11 % 18.34 % Portfolio turnover rate(7) 2.80 % 24.05 % 33.59 % 25.26 % 36.82 % Asset coverage ratio per unit(8) 1,610 1,659 2,092 3,471 6,071 Average market value per unit Revolving Credit Facility(9) N/A N/A N/A N/A N/A SBA Debentures Payable(9) N/A N/A N/A N/A N/A 6.75% Notes Payable 2023(10) N/A N/A N/A N/A N/A 8.75% Notes Payable 2025(9) N/A N/A N/A N/A N/A 6.25% Notes Payable 2025(11) N/A N/A N/A $ 24.24 $ 25.75 7.00% Notes Payable 2025(9) N/A N/A N/A N/A N/A 7.25% Notes Payable 2025(12) N/A N/A $ 26.18 25.77 N/A 7.75% Notes Payable 2025(9) N/A N/A N/A N/A N/A 4.375% Notes Payable 2026(9) N/A N/A N/A N/A N/A 4.35% Notes Payable 2027(9) N/A N/A N/A N/A N/A 6.00% Notes Payable 2027 $ 23.51 $ 23.97 N/A N/A N/A 6.25% Notes Payable 2027(9) N/A N/A N/A N/A N/A 8.00% Notes Payable 2027 $ 25.00 $ 25.08 N/A N/A N/A 8.125% Notes Payable 2027 $ 25.05 $ 25.10 N/A N/A N/A 8.50% Notes Payable 2028 $ 25.17 N/A N/A N/A N/A * Certain prior period amounts have been reclassified to conform to current period presentation. (1) Per share amounts are calculated using the weighted average shares outstanding during the period. (2) The continuous issuance of common stock may cause an incremental increase in NAV per share due to the sale of shares at the then prevailing public offering price and the receipt of net proceeds per share by the Company in excess of NAV per share on each subscription closing date. The per share data was derived by computing (i) the sum of (A) the number of shares issued in connection with subscriptions and/or distribution reinvestment on each share transaction date multiplied by (B) the differences between the net proceeds per share and the NAV per share on each share transaction date, divided by (ii) the total shares outstanding during the period. (3) Represents the anti-dilutive impact on the NAV of the Company due to the repurchase of common shares. (4) Represents the dilutive effect of issuing common stock below NAV per share during the period in connection with the satisfaction of the Company’s annual RIC distribution requirement and may include the impact of the different share amounts used for different items (weighted average basic common shares outstanding for the corresponding year and actual common shares outstanding at the end of the year) in the per common share data calculation and rounding impacts. See Note 13, Dividend. (5) 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 periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. (6) Total investment return is calculated assuming a purchase of common shares at the current NAV on the first day and a sale at the current NAV on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. (7) 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. (8) Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. Asset coverage ratio per unit does not include unfunded commitments. The inclusion of unfunded commitments in the calculation of the asset coverage ratio per unit would not cause us to be below the required amount of regulatory coverage. (9) The Revolving Credit Facility, SBA Debentures, 8.75 Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2026, 7.00% Notes Payable 2025 and 6.25% Notes Payable 2027 are not registered for public trading. (10) On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.5 million, respectively, in aggregate principal amount of the $74.5 million in aggregate principal amount of issued and outstanding 2023 Notes and are no longer listed on the NYSE. (11) On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes and, as a result of the full redemption, the 6.25% 2025 Notes are no longer listed on the NYSE. (12) On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE.

Selected Quarterly Data (Unaudi

Selected Quarterly Data (Unaudited)	12 Months Ended
Selected Quarterly Data (Unaudited)	Feb. 29, 2024
Selected Quarterly Data (Unaudited) [Abstract]
Selected Quarterly Data (Unaudited)	Note 15. Selected Quarterly Data (Unaudited) 2024 ($ in thousands, except per share numbers) Qtr 4 Qtr 3 Qtr 2 Qtr 1 Total investment income $ 37,233 $ 36,340 $ 35,514 $ 34,632 Net investment income $ 12,785 $ 14,166 $ 13,965 $ 15,959 Net realized and unrealized gain (loss) $ (7,478 ) $ (18,222 ) $ (5,959 ) $ (16,172 ) Realized losses on extinguishment of debt* $ - $ - $ (110 ) $ - Net increase in net assets resulting from operations $ 5,307 $ (4,056 ) $ 7,896 $ (213 ) Net investment income per common share $ 0.94 $ 1.09 $ 1.15 $ 1.35 Net realized and unrealized gain (loss) per common share $ (0.55 ) $ (1.40 ) $ (0.49 ) $ (1.36 ) Dividends declared per common share $ 0.72 $ 0.71 $ 0.70 $ 0.69 Net asset value per common share $ 27.12 $ 27.42 $ 28.44 $ 28.48 2023 ($ in thousands, except per share numbers) Qtr 4 Qtr 3 Qtr 2 Qtr 1 Total investment income $ 32,315 $ 26,257 $ 21,853 $ 18,679 Net investment income $ 9,650 $ 9,877 $ 7,698 $ 7,976 Net realized and unrealized gain (loss) $ 9,934 $ (3,863 ) $ (5,545 ) $ (9,464 ) Realized losses on extinguishment of debt* $ (382 ) $ - $ (1,205 ) $ - Net increase in net assets resulting from operations $ 19,202 $ 6,014 $ 948 $ (1,488 ) Net investment income per common share $ 0.81 $ 0.83 $ 0.64 $ 0.66 Net realized and unrealized gain (loss) per common share $ 0.81 $ (0.32 ) $ (0.46 ) $ (0.78 ) Dividends declared per common share $ 0.68 $ 0.54 $ 0.53 $ 0.53 Net asset value per common share $ 29.18 $ 28.25 $ 28.27 $ 28.69 2022 ($ in thousands, except per share numbers) Qtr 4 Qtr 3 Qtr 2 Qtr 1 Total investment income $ 18,980 $ 16,502 $ 18,442 $ 16,816 Net investment income $ 5,796 $ 5,197 $ 6,393 $ 2,556 Net realized and unrealized gain (loss) $ 2,725 $ 3,908 $ 3,101 $ 18,493 Realized losses on extinguishment of debt* $ (2,434 ) $ (118 ) $ (1,552 ) $ - Net increase in net assets resulting from operations $ 8,404 $ 8,340 $ 7,942 $ 21,049 Net investment income per common share $ 0.48 $ 0.45 $ 0.57 $ 0.23 Net realized and unrealized gain (loss) per common share $ 0.23 $ 0.34 $ 0.29 $ 1.66 Dividends declared per common share $ 0.53 $ 0.52 $ 0.44 $ 0.43 Net asset value per common share $ 29.33 $ 29.17 $ 28.97 $ 28.70 * Certain prior period amounts have been reclassified to conform to current period presentation.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Feb. 29, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events The Company has evaluated subsequent events through the filing of this Form 10-K and determined that there have been no events that have occurred that would require adjustments to the Company’s consolidated financial statements and disclosures in the consolidated financial statements except for the following: Live Oak Facility On March 27, 2024, the Company and its wholly owned special purpose subsidiary, Saratoga Investment Funding III LLC (“SIF III”), entered into a credit and security agreement (the “Live Oak Credit Agreement”), by and among SIF III, as borrower, the Company, as collateral manager and equityholder, the lenders from time to time parties thereto, Live Oak Banking Company (“Live Oak”), as administrative agent and collateral agent, U.S. Bank National Association, as custodian, and U.S. Bank Trust Company, National Association, as collateral administrator, relating to a special purpose vehicle financing credit facility (the “Live Oak Credit Facility”). The Live Oak Credit Facility provides for borrowings in U.S. dollars in an aggregate amount of up to $50.0 million. During the first two years following the closing date, SIF III may request one or more increases in the commitment amount from $50.0 million to an amount not to exceed $150.0 million, subject to certain terms and conditions and a customary fee. The terms of the Live Oak Credit Agreement require a minimum drawn amount of $12.5 million at all times during the period ending March 27, 2025 and, thereafter, the greater of: (i) $25.0 million and (ii) 50% of the facility amount in effect at such time. The Live Oak Credit Facility matures on March 27, 2027. Advances are available during the term of the Live Oak Credit Facility and must be repaid in full at maturity. SIF III may request an extension of the maturity date by an additional one year, subject to the agreement of the lenders and an extension fee. Advances under the Live Oak Credit Facility are subject to a borrowing base calculation, and the Live Oak Credit Facility has various eligibility criteria for loans to be included in the borrowing base. Advances under the Live Oak Credit Facility bear interest at a floating rate per annum equal to Adjusted Term SOFR plus an applicable margin between 3.50% and 4.25% based on the Live Oak Credit Facility’s utilization. The Live Oak Credit Agreement also provides for an unused fee of 0.50% on the unused commitments. SIF III’s obligations to the lenders under the Live Oak Credit Facility are secured by a first priority security interest in substantially all of SIF III’s assets. In addition, SIF III’s obligations to the lenders under the Live Oak Credit Facility are secured by a pledge by the Company of its equity interests in SIF III, which is evidenced by the equity pledge agreement, dated as of March 27, 2024, by and between the Company, as pledgor, and Live Oak, as collateral agent for the benefit of the secured parties. In connection with the Live Oak Credit Agreement, the Company entered into a loan sale and contribution agreement with SIF III, dated as of March 27, 2024, by and between the Company, as seller, and SIF III, as purchaser, pursuant to which the Company will sell or contribute certain loans held by the Company to SIF III to be used to support the borrowing base under the Live Oak Credit Facility. The Live Oak Credit Facility permits loan proceeds and excess cash in SIF III’s collection accounts to be distributed to us at any time based on three business days advance notice, subject to compliance with various conditions, including the absence of a default or event of default, the absence of an over-advance against the borrowing base and the absence of a violation of the financial covenants.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
Pay vs Performance Disclosure - USD ($)	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 8,933,825	$ 24,675,763	$ 45,735,184

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Feb. 29, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

N-2

N-2 - $ / shares	12 Months Ended
N-2 - $ / shares	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2019
Cover [Abstract]
Entity Central Index Key	0001377936
Amendment Flag	false
Securities Act File Number	814-00732
Document Type	10-K
Entity Registrant Name	SARATOGA INVESTMENT CORP.
Entity Address, Address Line One	535 Madison Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	(212)
Local Phone Number	906-7800
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
General Description of Registrant [Abstract]
Investment Objectives and Practices [Text Block]	OVERVIEW We are a Maryland corporation that has elected to be treated as a BDC under the Investment Company Act of 1940, as amended (the “1940 Act”). Our investment objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from our investments. We invest primarily in senior and unitranche leveraged loans and mezzanine debt issued by private U.S. middle-market companies, which we define as companies having earnings before interest, tax, depreciation and amortization (“EBITDA”) of between $2 million and $50 million, both through direct lending and through participation in loan syndicates. We may also invest up to 30.0% of the portfolio in opportunistic investments in order to seek to enhance returns to stockholders. Such investments may include investments in distressed debt, which may include securities of companies in bankruptcy, foreign debt, private equity, securities of public companies that are not thinly traded and structured finance vehicles such as collateralized loan obligation funds. Although we have no current intention to do so, to the extent we invest in private equity funds, we will limit our investments in entities that are excluded from the definition of “investment company” under Section 3(c)(1) or Section 3(c)(7) of the 1940 Act, which includes private equity funds, to no more than 15.0% of our net assets. We have elected and qualified to be treated as a RIC under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”).
Risk Factors [Table Text Block]	ITEM 1A. RISK FACTORS Investing in our securities involves a number of significant risks. In addition to other information contained in this Annual Report on Form 10-K, you should consider carefully the following information before making an investment in our securities. The risks set forth below are the principal risks with respect to the Company generally and with respect to BDCs, they may not be the only risks we face. This section nonetheless describes the principal risk factors associated with investment in the Company specifically, as well as those factors generally associated with investment in a company with investment objectives, investment policies, capital structure or trading markets similar to the Company’s. If any of the risks occur, our business, financial condition and results of operations could be materially adversely affected. In such case, our NAV and the trading price of our securities could decline and you may lose all or part of your investment. SUMMARY OF RISK FACTORS The following is a summary of the principal risks that you should carefully consider before investing in our securities. These and other risk factors are described more fully in this “Item 1A. Risk Factors.” Risks Related to Our Business and Structure ● We employ leverage, which magnifies the potential for gain or loss on amounts invested and may increase the risk of investing in us. ● We are exposed to risks associated with changes in interest rates including potential effects on our cost of capital and net investment income. ● The alternative reference rates that have replaced LIBOR in our credit arrangements and other financial instruments may not yield the same or similar economic results as LIBOR over the life of such transactions. Risks Related to the Current Environment ● Global economic, political and market conditions may adversely affect our business, results of operations and financial condition, including our revenue growth and profitability. ● Inflation may adversely affect the business results of operations and financial condition of our portfolio companies, which may, in turn, impact the valuation of such portfolio companies. ● We are currently operating in a period of capital markets disruption and economic uncertainty. ● Economic recessions or downturns could impair the ability of our portfolio companies to repay loans and harm our operating results. Risks Related to Our Adviser and Its Affiliates ● We may be obligated to pay Saratoga Investment Advisors incentive fees even if we incur a net loss, or there is a decline in the value of our portfolio. ● The way in which the base management and incentive fees under the Management Agreement is determined may encourage Saratoga Investment Advisors to take actions that may not be in our best interests. ● Saratoga Investment Advisors’ liability is limited under the Management Agreement and we will indemnify Saratoga Investment Advisors against certain liabilities, which may lead it to act in a riskier manner on our behalf than it would when acting for its own account. ● Our ability to enter into transactions with our affiliates is restricted. Risks Related to Our Investments ● A majority of our debt investments are not required to make principal payments until the maturity of such debt securities and are generally riskier than other types of loans. ● The lack of liquidity in our investments may adversely affect our business. ● Our investment in Saratoga CLO constitutes a leveraged investment in a portfolio of subordinated notes representing the lowest-rated securities issued by a pool of predominantly senior secured first lien term loans and is subject to additional risks and volatility. All losses in the pool of loans will be borne by our subordinated notes and only after the value of our subordinated notes is reduced to zero will the higher-rated notes issued by the pool bear any losses. ● Investments in equity securities involve a substantial degree of risk. Risks Related to Our Common Stock ● We may choose to pay dividends in our own stock, in which case you may be required to pay tax in excess of the cash you receive. ● Due to the current market conditions, we may defer our dividends and choose to incur U.S. federal excise tax in order preserve cash and maintain flexibility. ● The market price of our common stock may fluctuate significantly. ● There is a risk that you may not receive distributions or that our distributions may not grow over time. Risks Related to Our Notes ● The Notes are unsecured and therefore are effectively subordinated to any existing and future secured indebtedness, including indebtedness under our Encina Credit Facility and our Live Oak Credit Facility. ● An active trading market for the Public Notes may not develop or be sustained, which could limit the market price of the Public Notes or the ability to sell them. RISKS RELATED TO OUR BUSINESS AND STRUCTURE We employ leverage, which magnifies the potential for gain or loss on amounts invested and may increase the risk of investing in us. Borrowings, also known as leverage, magnify the potential for gain or loss on amounts invested and, therefore, increase the risks associated with investing in us. We borrow from and issue senior debt securities to banks and other lenders that is secured by a lien on our assets. Holders of these senior securities have fixed dollar claims on our assets that are superior to the claims of the holders of our securities. Leverage is generally considered a speculative investment technique. Any increase in our income in excess of interest payable on our outstanding indebtedness would cause our net income to increase more than it would have had we not incurred leverage, while any decrease in our income would cause net income to decline more sharply than it would have had we not incurred leverage. Such a decline could negatively affect our ability to make common stock distributions or scheduled debt payments, including with respect to the Notes, as defined below. There can be no assurance that our leveraging strategy will be successful. Our outstanding indebtedness imposes, and additional debt we may incur in the future will likely impose, financial and operating covenants that restrict our business activities, including limitations that could hinder our ability to finance additional loans and investments or to make the distributions required to maintain our status as a RIC. A failure to add new debt facilities or issue additional debt securities or other evidences of indebtedness in lieu of or in addition to existing indebtedness could have a material adverse effect on our business, financial condition or results of operations. As of February 29, 2024, there were $35.0 million outstanding borrowings under the Encina Credit Facility. As of February 29, 2024, we had issued $214.0 million in SBA-guaranteed debentures and our $20.0 million principal amount of 8.75% fixed-rate notes due 2025 (the “8.75% 2025 Notes”), $12.0 million principal amount of 7.00% fixed-rate notes due 2025 (the “7.00% 2025 Notes”), our $5.0 million principal amount of 7.75% fixed-rate notes due in 2025 (the “7.75% 2025 Notes”), our $175.0 million principal amount of 4.375% fixed-rate notes due in 2026 (the “4.375% 2026 Notes”), our $75.0 million principal amount of 4.35% fixed-rate notes due in 2027 (the “4.35% 2027 Notes”), our $105.5 million principal amount of 6.00% fixed-rate notes due in 2027 (the “6.00% 2027 Notes”), our $15.0 million principal amount of 6.25% fixed-rate notes due in 2027 (the “6.25% 2027 Notes”) our $46.0 million principal amount of 8.00% fixed-rate notes due 2027 (the “8.00% 2027 Notes”), our $60.375 million principal amount of 8.125% fixed-rate notes due 2027 (the “8.125% 2027 Notes”) and our $57.5 million principal amount of 8.50% fixed-rate notes due 2028 (the “8.50% 2028 Notes” and together with the 6.00% 2027 Notes, the 8.00% 2027 Notes, and the 8.125% 2027 Notes, the “Public Notes”). Together, the 8.75% 2025 Notes, 7.00% 2025 Notes, the 7.75% 2025 Notes, the 4.35% 2027 Notes, the 6.00% 2027 Notes, the 6.25% 2027 Notes, the 8.00% 2027 Notes, the 8.125% 2027 Notes, and the 8.50% 2028 Notes are referred to as the “Notes”. We may incur additional indebtedness in the future, including, but not limited to, borrowings under the Encina Credit Facility, the Live Oak Credit Facility, or the issuance of additional debt securities in one or more public or private offerings, although there can be no assurance that we will be successful in doing so. Our ability to service our debt depends largely on our financial performance and is subject to prevailing economic conditions and competitive pressures. The amount of leverage that we employ at any particular time will depend on our management’s and our board of directors’ assessment of market and other factors at the time of any proposed borrowing. As a BDC, we are generally permitted to issue senior securities only in amounts such that our asset coverage ratio equals at least 150% of total assets to total borrowings and other senior securities, which include all of our borrowings (other than the senior securities of SBIC II LP’s and SBIC III LP’s under the terms of our SEC exemptive relief) and any preferred stock we may issue in the future. If this ratio declines below 150%, we may not be able to incur additional debt and may need to sell a portion of our investments to repay some debt when it is disadvantageous to do so, and we may not be able to make distributions to our stockholders. The following table illustrates the effect of leverage on returns from an investment in our common stock assuming various annual returns, net of expenses. The calculations in the table below are hypothetical and actual returns may be higher or lower than those appearing in the table below. Assumed Return on Our Portfolio (net of expenses) -10.0% -5.0% 0% 5% 10% Assumed Return on Portfolio (Net of Expenses) Corresponding Return to Common Stockholder (1) -46% -30% -14% 2% 18% (1) Assumes $1,148.7 billion in average total assets, $792.8 million in average debt outstanding, $355.3 million in average net assets and an average interest rate of 6.2%. Actual interest payments may be different. The various return scenarios above exclude borrowing costs, which are then separately deducted from the net return to common stockholders calculated based on average debt outstanding and average interest rate. Substantially all of the assets of SIF II and SIF III are subject to security interests under our Encina Credit Facility and our Live Oak Facility, respectively, and all of each SBIC Subsidiary’s assets are subject to claims of the SBA with respect to SBA-guaranteed debentures we issue and if we default on our obligations thereunder, we may suffer adverse consequences, including the foreclosure on our assets. Substantially all of the assets of SIF II and SIF III are pledged as collateral under the Encina Credit Facility and the Live Oak Credit Facility, respectively, and all of each SBIC Subsidiary’s assets are subject to a superior claim by the SBA pursuant to the SBA-guaranteed debentures. If we default on our obligations under the Encina Credit Facility, the Live Oak Credit Facility, or the SBA-guaranteed debentures, Encina Lender Finance, LLC, Live Oak Banking Company, and/or the SBA may have the right to foreclose upon and sell, or otherwise transfer, the collateral subject to their security interests or superior claim. In such event, we may be forced to sell our investments to raise funds to repay our outstanding borrowings in order to avoid foreclosure and these forced sales may be at times and at prices we would not consider advantageous. Moreover, such deleveraging of our company could significantly impair our ability to effectively operate our business in the manner in which we have historically operated. In addition, if Encina Lender Finance, LLC, the lender under the Encina Credit Facility, or the Live Oak Banking Company, the lender under the Live Oak Credit Facility, exercise their right to sell the assets pledged under the Encina Credit Facility or the Live Oak Credit Facility, respectively, such sales may be completed at distressed sale prices, thereby diminishing or potentially eliminating the amount of cash available to us after repayment of the amounts outstanding under the Encina Credit Facility or the Live Oak Credit Facility. We are exposed to risks associated with changes in interest rates including potential effects on our cost of capital and net investment income. General interest rate fluctuations and changes in credit spreads on floating rate loans may have a substantial negative impact on our investments and investment opportunities and, accordingly, may have a material adverse effect on our rate of return on invested capital. In addition, in response to market indicators showing a rise in inflation, since March 2022, the Federal Reserve has been rapidly increasing interest rates. Although the Federal Reserve left its benchmark rates steady in the fourth quarter of 2023, it has indicated that additional rate increases in the future may be necessary to mitigate inflationary pressures and there can be no assurance that the Federal Reserve will not make upwards adjustments to the federal funds rate in the future. However, there are reports that the Federal Reserve may begin to cut the benchmark rates in 2024. An increase in interest rates would make it more expensive to use debt to finance our investments. Decreases in credit spreads on debt that pays a floating rate of return would have an impact on the income generation of our floating rate assets. Trading prices for debt that pays a fixed rate of return tend to fall as interest rates rise. Trading prices tend to fluctuate more for fixed rate securities that have longer maturities. Although we have no policy governing the maturities of our investments, under current market conditions we expect that we will invest in a portfolio of debt generally having maturities of up to ten years. This means that we will be subject to greater risk (other things being equal) than an entity investing solely in shorter-term securities. Because we may borrow to fund our investments, a portion of our net investment income may be dependent upon the difference between the interest rate at which we borrow funds and the interest rate at which we invest these funds. A portion of our investments will have fixed interest rates, while a portion of our borrowings will likely have floating interest rates. As a result, a significant change in market interest rates could have a material adverse effect on our net investment income. In periods of rising interest rates, our cost of funds could increase, which would reduce our net investment income if there is not a corresponding increase in interest income generated by our investment portfolio. Further, rising interest rates could also adversely affect our performance if we hold investments with floating interest rates, subject to specified minimum (or “floor”) interest rates, while at the same time engaging in borrowings subject to floating interest rates not subject to such minimums. In such a scenario, rising interest rates may temporarily increase our interest expense, even though our interest income from investments is not increasing in a corresponding manner if market rates remain lower than the existing floor rate. If general interest rates rise, there is also a risk that the portfolio companies in which we hold floating rate securities will be unable to pay escalating interest amounts, which could result in a default under their loan documents with us. Rising interest rates could also cause portfolio companies to shift cash from other productive uses to the payment of interest, which may have a material adverse effect on their business and operations and could, over time, lead to increased defaults. In addition, rising interest rates may increase pressure on us to provide fixed rate loans to our portfolio companies, which could adversely affect our net investment income, as increases in our cost of borrowed funds would not be accompanied by increased interest income from such fixed-rate investments. We may hedge against such interest rate fluctuations by using standard hedging instruments such as futures, options and forward contracts, subject to applicable legal requirements, including without limitation, all necessary registrations (or exemptions from registration) with the Commodity Futures Trading Commission. These activities may limit our ability to participate in the benefits of lower interest rates with respect to the hedged borrowings. Adverse developments resulting from changes in interest rates or hedging transactions could have a material adverse effect on our business, financial condition and results of operations. The alternative reference rates that have replaced LIBOR in our credit arrangements and other financial instruments may not yield the same or similar economic results as LIBOR over the life of such transactions. LIBOR, the London Interbank Offered Rate, is an index rate that historically was widely used in lending transactions and was a common reference rate for setting the floating interest rate on private loans. Prior to June 30, 2023, LIBOR was typically the reference rate used in floating-rate loans identified by the Investment Adviser. The ICE Benchmark Administration (“IBA”) (the entity that is responsible for calculating LIBOR) ceased providing overnight, one, three, six and twelve months USD LIBOR tenors on June 30, 2023. In addition, the United Kingdom’s Financial Conduct Authority (“FCA”), which oversees the IBA, now prohibits entities supervised by the FCA from using LIBORs, including USD LIBOR, except in very limited circumstances. In the United States, the Secured Overnight Financing Rate (“SOFR”) is the preferred alternative rate for LIBOR. SOFR is a measure of the cost of borrowing cash overnight, collateralized by U.S. Treasury securities, and is based on directly observable U.S. Treasury-backed repurchase transactions. SOFR is published by the Federal Reserve Bank of New York each U.S. Government Securities Business Day, for transactions made on the immediately preceding US. Government Securities Business Day. Alternative reference rates that may replace LIBOR, including SOFR for USD transactions, may not yield the same or similar economic results as LIBOR over the lives of such transactions. All of our loans that referenced LIBOR have been amended to reference the forward-looking term rate published by CME Group Benchmark Administration Limited based on the secured overnight financing rate (“CME Term SOFR”), or a similarly accepted alternative rate. CME Term SOFR rates are forward-looking rates that are derived by compounding projected overnight SOFR rates over one, three, and six months taking into account the values of multiple consecutive, executed, one-month and three-month CME Group traded SOFR futures contracts and, in some cases, over-the-counter SOFR Overnight Indexed Swaps as an indicator of CME Term SOFR reference rate values. CME Term SOFR and the inputs on which it is based are derived from SOFR. Since CME Term SOFR is a relatively new market rate, there will likely be no established trading market for credit agreements or other financial instruments when they are issued, and an established market may never develop or may not be liquid. Market terms for instruments referencing CME Term SOFR rates may be lower than those of later-issued CME Term SOFR indexed instruments. Similarly, if CME Term SOFR does not prove to be widely used, the trading price of instruments referencing CME Term SOFR may be lower than those of instruments indexed to indices that are more widely used. Uncertainty about U.S. Presidential Administration initiatives could negatively impact our business, financial condition and results of operations. The U.S. government periodically calls for significant changes to U.S. trade, healthcare, immigration, foreign and government regulatory policy. In this regard, there is significant uncertainty with respect to legislation, regulation and government policy at the federal level, as well as the state and local levels. Recent events have created a climate of heightened uncertainty and introduced new and difficult-to-quantify macroeconomic and political risks with potentially far-reaching implications. There has been a corresponding meaningful increase in the uncertainty surrounding interest rates, inflation, foreign exchange rates, trade volumes and fiscal and monetary policy. To the extent the U.S. Congress or the current presidential administration implements changes to U.S. policy, those changes may impact, among other things, the U.S. and global economy, international trade and relations, unemployment, immigration, corporate taxes, healthcare, the U.S. regulatory environment, inflation and other areas. Although we cannot predict the impact, if any, of these changes to our business, they could adversely affect our business, financial condition, operating results and cash flows. Until we know what policy changes are made and how those changes impact our business and the business of our competitors over the long term, we will not know if, overall, we will benefit from them or be negatively affected by them. There are significant potential conflicts of interest which could adversely impact our investment returns. Our executive officers and directors, and the members of our Investment Adviser, serve or may serve as officers, directors or principals of entities that operate in the same or a related line of business as we do or of investment funds managed by our affiliates. Accordingly, they may have obligations to investors in those entities, the fulfillment of which might not be in the best interests of us or our stockholders. For example, Christian L. Oberbeck, our chief executive officer and managing member of our Investment Adviser, is the managing partner of Saratoga Partners, a middle-market private equity investment firm. In addition, the principals of our Investment Adviser may manage other funds which may from time to time have overlapping investment objectives with those of us and accordingly invest in, whether principally or secondarily, asset classes similar to those targeted by us. If this should occur, the principals of our Investment Adviser will face conflicts of interest in the allocation of investment opportunities to us and such other funds. Although our investment professionals will endeavor to allocate investment opportunities in a fair and equitable manner, we and our common stockholders could be adversely affected in the event investment opportunities are allocated among us and other investment vehicles managed or sponsored by, or affiliated with, our executive officers, directors and Investment Adviser, and the members of our Investment Adviser. Changes in laws or regulations governing our operations, or changes in the interpretation thereof, and any failure by us to comply with laws or regulations governing our operations may adversely affect our business. We are subject to regulation at the local, state and federal level. New legislation may be enacted or new interpretations, rulings or regulations could be adopted, including those governing the types of investments we are permitted to make, any of which could harm us and our stockholders, potentially with retroactive effect. For example, the current U.S. presidential administration could support an enhanced regulatory agenda that imposes greater costs on all sectors and on financial services companies in particular. In addition, any change to the SBA’s current debenture program could have a significant impact on our ability to obtain low-cost leverage and, therefore, our competitive advantage over other funds. Legal, tax and regulatory changes could occur that may adversely affect us. For example, from time to time the market for private equity transactions has been (and is currently being) adversely affected by a decrease in the availability of senior and subordinated financings for transactions, in part in response to credit market disruptions and/or regulatory pressures on providers of financing to reduce or eliminate their exposure to the risks involved in such transactions. Additionally, any changes to the laws and regulations governing our operations related to permitted investments may cause us to alter our investment strategy in order to meet our investment objectives. Such changes could result in material differences to the strategies and plans set forth in this Annual Report and may shift our investment focus from the areas of expertise of our Investment Adviser to other types of investments in which our Investment Adviser may have little or no expertise or experience. Any such changes, if they occur, could have a material adverse effect on our results of operations and the value of your investment. Legislative or other actions relating to taxes could have a negative effect on the Company. Legislative or other actions relating to taxes could have a negative effect on the Company and its investors. The rules dealing with U.S. federal income taxation are constantly under review by persons involved in the legislative process and by the IRS and the U.S. Treasury Department. We cannot predict with certainty how any changes in the tax laws might affect the Company, its investments or its investors. New legislation and any U.S. Treasury regulations, administrative interpretations or court decisions interpreting such legislation could significantly and negatively affect the Company’s ability to qualify for tax treatment as a RIC or the U.S. federal income tax consequences to the Company and its investors of such qualification or could have other adverse consequences. You are urged to consult with your tax advisor with respect to the impact of the status of any legislative, regulatory or administrative developments and proposals and their potential effect on your investment in our securities. There is uncertainty surrounding potential legal, regulatory and policy changes by the current presidential administration and Congress in the United States that may directly affect financial institutions and the global economy. Following the November 2022 elections in the United States, the Democratic Party controls the Presidency and the Senate, with the Republican Party controlling the House of Representatives. Despite political tensions and uncertainty in a divided legislature, changes in federal policy, including tax policies, and at regulatory agencies are expected to occur over time through policy and personnel changes, which may lead to changes involving the level of oversight and focus on the financial services industry or the tax rates paid by corporate entities. The nature, timing and economic and political effects of potential changes to the current legal and regulatory framework affecting financial institutions remain highly uncertain. Uncertainty surrounding future changes may adversely affect our operating environment and therefore our business, financial condition, results of operations and growth prospects. Changes to United States tariff and import/export regulations may have a negative effect on our portfolio companies and, in turn, harm us. There has been ongoing discussion and commentary regarding potential significant changes to United States trade policies, treaties and tariffs. The current U.S. presidential administration, along with Congress, has created significant uncertainty about the future relationship between the United States and other countries with respect to the trade policies, treaties and tariffs. These developments, or the perception that any of them could occur, may have a material adverse effect on global economic conditions and the stability of global financial markets, and may significantly reduce global trade and, in particular, trade between the impacted nations and the United States. Any of these factors could depress economic activity and restrict our portfolio companies’ access to suppliers or customers and have a material adverse effect on their business, financial condition and results of operations, which in turn would negatively impact us. We are dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our common stock and our ability to pay dividends. Our business is dependent on our and third parties’ communications and information systems. Any failure or interruption of those systems, including as a result of the termination of an agreement with any third-party service providers, could cause delays or other problems in our activities. Our financial, accounting, data processing, backup or other operating systems and facilities may fail to operate properly or become disabled or damaged as a result of a number of factors including events that are wholly or partially beyond our control and adversely affect our business. There could be: ● sudden electrical or telecommunications outages; ● natural disasters such as earthquakes, tornadoes and hurricanes; ● disease pandemics or other serious public health events, such as the ongoing COVID-19 pandemic; ● events arising from local or larger scale political or social matters, including terrorist acts; ● acts of war; and ● cyber-attacks. These events, in turn, could have a material adverse effect on our operating results and negatively affect the market price of our common stock and our ability to pay dividends to our stockholders. Our ability to enter into transactions involving derivatives and financial commitment transactions may be limited. In 2020, the SEC adopted Rule 18f-4 under the 1940 Act, which relates to the use of derivatives and other transactions that create future payment or delivery obligations by BDCs (and other funds that are registered investment companies). Under Rule 18f-4, for which compliance was required beginning in August 2022, Internal and external cyber threats, as well as other disasters, could impair our ability to conduct business effectively. We, and others in our industry, are the targets of malicious cyber activity. A successful cyber-attach, whether perpetrated by criminal or state-sponsored actors, against us or our service providers, or an accidental disclosure of non-public information, could have an adverse effect on our ability to communicate or conduct business, negatively impacting our operations and financial condition. This adverse effect can become particularly acute if those events affect our electronic data processing, transmission, storage, and retrieval systems, or impact the availability, integrity, or confidentiality of our data, especially personal and other confidential information. Saratoga Investment Advisors and third-party service providers with which we do business depend heavily upon computer systems to perform necessary business functions. Despite our implementation of a variety of security measures, our computer systems, networks, and data, like those of other companies, could be subject to unauthorized access, acquisition, use, alteration, or destruction, such as from the insertion of malware (including ransomware) physical and electronic break-ins or unauthorized tampering, unauthorized access, or system failures and disruptions of our computer systems, networks and date. If one or more of these events occurs, it could potentially jeopardize the confidential, proprietary, personal and other information processed, stored in, and transmitted through our computer systems and networks. Such an attack could cause interruptions or malfunctions in our operations, which could result in financial losses, misappropriation of assets, loss of personal information, litigation, regulatory enforcement action and penalties, client dissatisfaction or loss, reputational damage, and increased costs associated with mitigation of damages and remediation. We may have to make a significant investment to fix or replace any inoperable or compromised systems or to modify or enhance its cybersecurity controls, procedures and measures. Similarly, the public perception that we or our affiliates may have been the target of a cybersecurity threat, whether successful or not, also could have a material adverse effect on our reputation and lead to financial losses from loss of business, depending on the nature and severity of the threat. If unauthorized parties gain access to such information and technology systems, they may be able
NAV Per Share	$ 27.12	$ 29.18	$ 29.33	$ 27.25	$ 27.13	$ 23.62

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
Accounting Policies, by Policy (Policies)	Feb. 29, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), are stated in U.S. Dollars and include the accounts of the Company and its wholly owned special purpose financing subsidiaries, Saratoga Investment Funding, LLC (previously known as GSC Investment Funding LLC), SIF II, SBIC LP, SBIC II LP, SBIC III LP, SIA-AAP, Inc., SIA-ARC, Inc., SIA-Avionte, Inc., SIA-AX, Inc., SIA-G4, Inc., SIA-GH, Inc., SIA-MDP, Inc., SIA-MAC, Inc., SIA-PP, Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., SIA-Vector, Inc. and SIA-VR, Inc. All intercompany accounts and transactions have been eliminated in consolidation. All references made to the “Company,” “we,” and “us” herein include Saratoga Investment Corp. and its consolidated subsidiaries, except as stated otherwise. The Company, SBIC LP, SBIC II LP, and SBIC III LP are all considered to be investment companies for financial reporting purposes and have applied the guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies
Principles of Consolidation	Principles of Consolidation Under the investment company rules and regulations pursuant to ASC 946, the Company is precluded from consolidating any entity other than another investment company or controlled operating company whose business consists of providing services to the Company. As a result, the consolidated financial statements of the Company include only the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company has determined that SLF JV is an investment company under ASC 946; however, in accordance with such guidance the Company will generally not consolidate its investment in a company other than a wholly owned investment company subsidiary. SLF JV is not a wholly owned investment company subsidiary as the Company and TJHA each have an equal 50% voting interest in SLF JV and thus neither party has a controlling financial interest. Furthermore, FASB ASC Topic 810, Consolidation
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and income, gains (losses) and expenses during the period reported. Actual results could differ materially from those estimates.
Operating Segment	Operating Segment The Company invests in various industries. The Company separately evaluates the performance of each of its investment relationships. However, because each of these investment relationships has similar business and economic characteristics, they have been aggregated into a single investment segment. All applicable segment disclosures are included in or can be derived from the Company’s consolidated financial statements (See “Note 3. Investments”).
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include short-term, liquid investments in a money market fund. The Company places its cash in financial institutions and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits. Cash and cash equivalents are carried at cost which approximates fair value. Pursuant to Section 12(d)(1)(A) of the 1940 Act, the Company may not invest in another investment company, such as a money market fund, if such investment would cause the Company to: ● own more than 3.0% of the investment company’s total outstanding voting stock; ● hold securities in the investment company having an aggregate value in excess of 5.0% of the value of the Company’s total assets; or ● hold securities in investment companies having an aggregate value in excess of 10.0% of the value of the Company’s total assets. As of February 29, 2024, the Company did not exceed any of these limitations.
Cash and Cash Equivalents, Reserve Accounts	Cash and Cash Equivalents, Reserve Accounts Cash and cash equivalents, reserve accounts include amounts held in designated bank accounts in the form of cash and short-term liquid investments in money market funds, and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits, representing payments received on secured investments or other reserved amounts associated with the Encina Credit Facility held by the Company’s wholly owned subsidiary, SIF II. The Company is required to use these amounts to pay interest expense, reduce borrowings, or pay other amounts in accordance with the terms of the Encina Credit Facility. In addition, cash and cash equivalents, reserve accounts also include amounts held in designated bank accounts, in the form of cash and short-term liquid investments in money market funds, within the Company’s wholly owned subsidiaries, SBIC LP, SBIC II LP and SBIC III LP. The statements of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents when reconciling the beginning-of-period and end-of-period total amounts. The following table provides a reconciliation of cash and cash equivalents and cash and cash equivalents, reserve accounts reported within the consolidated statements of assets and liabilities that sum to the total of the same such amounts shown in the consolidated statements of cash flows: February 29, February 28, February 28, Cash and cash equivalents $ 8,692,846 $ 65,746,494 $ 47,257,801 Cash and cash equivalents, reserve accounts 31,814,278 30,329,779 5,612,541 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 40,507,124 $ 96,076,273 $ 52,870,342
Investment Classification	Investment Classification The Company classifies its investments in accordance with the requirements of the 1940 Act. Under the 1940 Act, “control investments” are defined as investments in companies in which the Company owns more than 25.0% of the voting securities or maintains greater than 50.0% of the board representation. Under the 1940 Act, “affiliated investments” are defined as those non-control investments in companies in which the Company owns between 5.0% and 25.0% of the voting securities. Under the 1940 Act, “non-affiliated investments” are defined as investments that are neither control investments nor affiliated investments.
Investment Valuation	Investment Valuation The Company accounts for its investments at fair value in accordance with the FASB ASC Topic 820, Fair Value Measurement Investments for which market quotations are readily available are fair valued at such market quotations obtained from independent third-party pricing services and market makers subject to any decision by the Company’s board of directors to approve a fair value determination to reflect significant events affecting the value of these investments. The Company values investments for which market quotations are not readily available at fair value as approved, in good faith, by the Company’s board of directors based on input from the Manager, the audit committee of the board of directors and a third-party independent valuation firm. The Company undertakes a multi-step valuation process each quarter when valuing investments for which market quotations are not readily available, as described below: ● Each investment is initially valued by the responsible investment professionals of the Manager and preliminary valuation conclusions are documented, reviewed and discussed with our senior management; and ● An independent valuation firm engaged by the Company’s board of directors independently reviews a selection of these preliminary valuations each quarter so that the valuation of each investment for which market quotes are not readily available is reviewed by the independent valuation firm at least once each fiscal year. The Company uses a third-party independent valuation firm to value its investment in the subordinated notes of Saratoga Investment Corp. CLO 2013-1, Ltd. (“Saratoga CLO”), the Class F-2-R-3 Notes of the Saratoga CLO, and the Class E Notes of the SLF 2022 every quarter. In addition, all investments are subject to the following valuation process: ● The audit committee of the Company’s board of directors reviews and approves each preliminary valuation and the Manager and independent valuation firm (if applicable) will supplement the preliminary valuation to reflect any comments provided by the audit committee; and ● The Company’s board of directors discusses the valuations and approves the fair value of each investment, in good faith, based on the input of the Manager, independent valuation firm (to the extent applicable) and the audit committee of the board of directors. The Company uses multiple techniques for determining fair value based on the nature of the investment and experience with those types of investments and specific portfolio companies. The selections of the valuation techniques and the inputs and assumptions used within those techniques often require subjective judgements and estimates. These techniques include market comparables, discounted cash flows and enterprise value waterfalls. Fair value is best expressed as a range of values from which the Company determines a single best estimate. The types of inputs and assumptions that may be considered in determining the range of values of the Company’s investments include the nature and realizable value of any collateral, the portfolio company’s ability to make payments, market yield trend analysis and volatility in future interest rates, call and put features, the markets in which the portfolio company does business, comparison to publicly traded companies, discounted cash flows and other relevant factors. The Company’s investments in the subordinated notes of Saratoga CLO, Class F-2-R-3 Notes of the Saratoga CLO and the Class E Notes of SLF 2022 are carried at fair value, which is based on a discounted cash flow valuation technique that utilizes prepayment, re-investment and loss inputs based on historical experience and projected performance, economic factors, the characteristics of the underlying cash flow, and comparable yields for equity interests in collateralized loan obligation funds, when available, as determined by the Manager and recommended to the Company’s board of directors. Specifically, the Company uses Intex cash flows, or an appropriate substitute, to form the basis for the valuation of its investment in the subordinated notes of Saratoga CLO, Class F-2-R-3 Notes of the Saratoga CLO and the Class E Notes of SLF 2022. The inputs are based on available market data and projections provided by third parties as well as management estimates. The Company uses the output from the Intex models (i.e., the estimated cash flows) to perform a discounted cash flow analysis on expected future cash flows to determine the valuation for our investment in Saratoga CLO. The Company’s equity investment in SLF JV is measured using the proportionate share of the net asset value (“NAV”), or equivalent, of SLF JV as a practical expedient for fair value, provided by ASC 820. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. Because such valuations, and particularly valuations of private investments and private companies, are inherently uncertain, they may fluctuate over short periods of time and may be based on estimates. The determination of fair value may differ materially from the values that would have been used if a ready market for these investments existed. The Company’s NAV could be materially affected if the determinations regarding the fair value of its investments were materially higher or lower than the values that the Company ultimately realizes upon the disposal of such investments. Rule 2a-5 under the 1940 Act (“Rule 2a-5”) establishes a regulatory framework for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits boards of directors, subject to board oversight and certain other conditions, to designate the investment adviser to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must determine the fair value of a security. Rule 31a-4 under the 1940 Act (“Rule 31a-4”) provides for certain recordkeeping requirements associated with fair value determinations. Finally, the Securities and Exchange Commission (the “SEC”) rescinded previously issued guidance on related issues, including the role of the board in determining fair value and the accounting and auditing of fund investments. While the Company’s board of directors has not elected to designate Saratoga Investment Advisors as the valuation designee, the Company has established policies and procedures in compliance with the applicable requirements of Rule 2a-5 and Rule 31a-4.
Derivative Financial Instruments	Derivative Financial Instruments The Company accounts for derivative financial instruments in accordance with FASB ASC Topic 815, Derivatives and Hedging
Investment Transactions and Income Recognition	Investment Transactions and Income Recognition Purchases and sales of investments and the related realized gains or losses are recorded on a trade-date basis. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis to the extent that such amounts are expected to be collected. The Company stops accruing interest on its investments when it is determined that interest is no longer collectible. Discounts and premiums on investments purchased are accreted/amortized using the effective yield method. The amortized cost of investments represents the original cost adjusted for the accretion of discounts over the life of the investment and amortization of premiums on investments up to the earliest call date. Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected. Accrued interest is generally reserved when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as a reduction in principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although management may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection. At February 29, 2024 our investment in three portfolio companies were on non-accrual status with a fair value of approximately $18.9 million, or 1.7% of the fair value of our portfolio. At February 28, 2023, our investment in one portfolio company was on non-accrual status with a fair value of approximately $9.8 million, or 1.0% of the fair value of our portfolio. Interest income on our investment in the subordinated note of Saratoga CLO is recorded using the effective interest method in accordance with the provisions of ASC Topic 325-40, Investments-Other, Beneficial Interests in Securitized Financial Assets
Payment-in-Kind Interest	Payment-in-Kind Interest The Company holds debt and preferred equity investments in its portfolio that contain a payment-in-kind (“PIK”) interest provision. The PIK interest, which represents contractually deferred interest added to the investment balance that is generally due at maturity, is generally recorded on an accrual basis to the extent such amounts are expected to be collected. The Company stops accruing PIK interest if it is expected that the issuer will not be able to pay all principal and interest when due. The Company restores to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although management may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection.
Dividend Income	Dividend Income Dividend income is recorded in the consolidated statements of operations when earned.
Structuring and Advisory Fee Income	Structuring and Advisory Fee Income Structuring and advisory fee income represents various fee income earned and received for performing certain investment structuring and advisory activities during the closing of new investments.
Other Income	Other Income Other income includes prepayment income fees, and monitoring, administration, redemption and amendment fees and is recorded in the consolidated statements of operations when earned.
Deferred Debt Financing Costs	Deferred Debt Financing Costs Financing costs incurred in connection with our credit facility and notes are deferred and amortized using the straight-line method over the life of the respective facility and debt securities. Financing costs incurred in connection with the SBA debentures of SBIC LP, SBIC II LP, and SBIC III LP are deferred and amortized using the straight-line method over the life of the debentures. Any discount or premium on the issuance of any debt is accreted and amortized using the effective interest method over the life of the respective debt security. The Company presents deferred debt financing costs on the balance sheet as a contra-liability, which is a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.
Realized Loss on Extinguishment of Debt	Realized Loss on Extinguishment of Debt Upon the repayment of debt obligations that are deemed to be extinguishments, the difference between the principal amount due at maturity adjusted for any unamortized debt issuance costs is recognized as a loss (i.e., the unamortized debt issuance costs are recognized as a loss upon extinguishment of the underlying debt obligation).
Contingencies	Contingencies In the ordinary course of business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company. Based on its history and experience, management reasonably believes that the likelihood of such an event is remote. Therefore, the Company has not accrued any liabilities in connection with such indemnifications. In the ordinary course of business, the Company may directly or indirectly be a defendant or plaintiff in legal actions with respect to bankruptcy, insolvency or other types of proceedings. Such lawsuits may involve claims that could adversely affect the value of certain financial instruments owned by the Company.
Income Taxes	Income Taxes The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a RIC under Subchapter M of the Code. By meeting these requirements, the Company generally will not be subject to U.S. federal income tax on ordinary income or capital gains timely distributed to stockholders. Therefore, no provision has been recorded for federal income taxes, except as related to the Corporate Blockers (as defined below) and long-term capital gains, when applicable. In order to qualify as a RIC, among other requirements, the Company generally is required to timely distribute to its stockholders at least 90% of its “investment company taxable income”, as defined by the Code, for each fiscal tax year. The Company will be subject to U.S. federal income tax imposed at corporate rates on its investment company taxable income and net capital gains that it does not timely distribute to shareholders. The Company will be subject to a non-deductible U.S. federal excise tax of 4% on undistributed income if it does not distribute at least (1) 98% of its net ordinary income in any calendar year, (2) 98.2% of its capital gain net income for each one-year period ending on October 31and (3) any net ordinary income and capital gain net income that it recognized for preceding years, but were not distributed during such year, and on which the Company paid no U.S federal income tax. Depending on the level of investment company taxable income earned in a tax year and the amount of net capital gains recognized in such tax year, the Company may choose to carry forward investment company taxable income and net capital gains in excess of current year dividend distributions into the next tax year and pay U.S. federal income tax, and possibly the 4% U.S. federal excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual investment company taxable income will be in excess of estimated current year dividend distributions for U.S. federal excise tax purposes, the Company accrues the U.S. federal excise tax, if any, on estimated excess taxable income as taxable income is earned. For the years ended February 29, 2024, 2023 and 2022, the excise tax accrual on estimated excess taxable income was $1.8 million, $1.1 million and $0.6 million, respectively. In accordance with U.S. Treasury regulations and published guidance issued by the Internal Revenue Service (“IRS”), a publicly offered RIC may treat a distribution of its own stock as counting toward its RIC distribution requirements if each stockholder may elect to receive his, her, or its entire distribution in either cash or stock of the RIC. This published guidance indicates that the rule will apply where the aggregate amount of cash to be distributed to all stockholders is not at least 20% of the aggregate declared distribution. Under the published guidance, if too many stockholders elect to receive cash, the cash available for distribution must be allocated among the stockholders electing to receive cash (with the balance of the distribution paid in stock). In no event will any stockholder, electing to receive cash, receive less than 20% of his or her entire distribution in cash. If these and certain other requirements are met, for U.S. federal income tax purposes, the amount of the dividend paid in stock will be equal to the amount of cash that could have been received instead of stock. The Company may utilize wholly owned holding companies that are treated as corporations for U.S. federal income tax purposes when making equity investments in portfolio companies taxed as pass-through entities to meet its source-of-income requirements as a RIC (“Corporate Blockers”). Corporate Blockers are consolidated in the Company’s U.S. GAAP financial statements and may result in current and deferred U.S. federal and state income tax expense with respect to income derived from those investments. Such income, net of applicable income taxes, is not included in the Company’s tax-basis net investment income until distributed by the Corporate Blocker, which may result in timing and character differences between the Company’s U.S. GAAP and tax-basis net investment income and realized gains and losses. Income tax expense or benefit from Corporate Blockers related to net investment income are included in total operating expenses, while any expense or benefit related to federal or state income tax originated for capital gains and losses are included together with the applicable net realized or unrealized gain or loss line item. Deferred tax assets of the Corporate Blockers are reduced by a valuation allowance when, in the opinion of management, it is more-likely than-not that some portion or all of the deferred tax assets will not be realized. FASB ASC Topic 740, Income Taxes
Dividends	Dividends Dividends to common stockholders are recorded on the ex-dividend date. The amount to be paid out as a dividend is determined by the board of directors. Net realized capital gains, if any, are generally distributed at least annually, although we may decide to retain some or all of our net capital gains for reinvestment. We have adopted a dividend reinvestment plan (“DRIP”) that provides for reinvestment of our dividend distributions on behalf of our stockholders unless a stockholder elects to receive cash. As a result, if our board of directors authorizes, and we declare, a cash dividend, then our stockholders who have not “opted out” of the DRIP by the dividend record date will have their cash dividends automatically reinvested into additional shares of our common stock, rather than receiving the cash dividends. We have the option to satisfy the share requirements of the DRIP through the issuance of new shares of common stock or through open market purchases of common stock by the DRIP plan administrator.
Capital Gains Incentive Fee	Capital Gains Incentive Fee The Company records an expense accrual on the consolidated statements of operations relating to the capital gains incentive fee payable to the Manager, as recorded on the consolidated statements of assets and liabilities when the net realized and unrealized gain on its investments exceed all net realized and unrealized capital losses on its investments, as a capital gains incentive fee would be owed to the Manager if the Company were to liquidate its investment portfolio at such time. The actual incentive fee payable to the Manager related to capital gains will be determined and payable in arrears at the end of each fiscal year and only reflect those realized capital gains net of realized and unrealized losses for the period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (Topic 820) , . In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures
Risk Management	Risk Management In the ordinary course of its business, the Company manages a variety of risks, including market and credit risk. Market risk is the risk of potential adverse changes to the value of investments because of changes in market conditions such as interest rate movements and volatility in investment prices. Credit risk is the risk of default or non-performance by portfolio companies, equivalent to the investment’s carrying amount. The Company is also exposed to credit risk related to maintaining all of its cash and cash equivalents, including those in reserve accounts, at a major financial institution and credit risk related to any of its derivative counterparties. The Company has investments in lower rated and comparable quality unrated high yield bonds and bank loans. Investments in high yield investments are accompanied by a greater degree of credit risk. The risk of loss due to default by the issuer is significantly greater for holders of high yield securities, because such investments are generally unsecured and are often subordinated to other creditors of the issuer.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Feb. 29, 2024
Accounting Policies [Abstract]
Schedule of Reconciliation of Cash and Cash Equivalents and Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents and cash and cash equivalents, reserve accounts reported within the consolidated statements of assets and liabilities that sum to the total of the same such amounts shown in the consolidated statements of cash flows: February 29, February 28, February 28, Cash and cash equivalents $ 8,692,846 $ 65,746,494 $ 47,257,801 Cash and cash equivalents, reserve accounts 31,814,278 30,329,779 5,612,541 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 40,507,124 $ 96,076,273 $ 52,870,342

Investments (Tables)

Investments (Tables)	12 Months Ended
Investments (Tables)	Feb. 29, 2024
Investments [Abstract]
Schedule of Fair Value Measurements of Investments, by Major Class	The following table presents fair value measurements of investments, by major class, as of February 29, 2024 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Net Asset Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 976,423 $ - $ 976,423 Second lien term loans - - 18,097 - 18,097 Unsecured loans - - 15,818 - 15,818 Structured finance securities - - 30,626 - 30,626 Equity interests - - 88,426 9,404 97,830 Total $ - $ - $ 1,129,390 $ 9,404 $ 1,138,794 * The Company’s equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. Fair Value Measurements Valued Using Net Asset Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 798,534 $ - $ 798,534 Second lien term loans - - 14,936 - 14,936 Unsecured loans - - 20,661 - 20,661 Structured finance securities - - 41,362 - 41,362 Equity interests - - 83,990 13,107 97,097 Total $ - $ - $ 959,483 $ 13,107 $ 972,590 * The Company’s equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique.
Schedule of Reconciliation of the Beginning and Ending Balances for Investments	The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended February 29, 2024 (dollars in thousands): First lien Second lien Unsecured Structured Equity Total Balance as of February 28, 2023 $ 798,534 $ 14,936 $ 20,661 $ 41,362 $ 83,990 $ 959,483 Payment-in-kind and other adjustments to cost 1,479 848 - (6,941 ) (296 ) (4,910 ) Net accretion of discount on investments 2,215 6 - - - 2,221 Net change in unrealized appreciation (depreciation) on investments (33,325 ) 2,307 (1,460 ) (3,795 ) (7,115 ) (43,388 ) Purchases 234,408 - - - 11,693 246,101 Sales and repayments (26,888 ) - (3,383 ) - - (30,271 ) Net realized gain (loss) from investments - - - - 154 154 Balance as of February 29, 2024 $ 976,423 $ 18,097 $ 15,818 $ 30,626 $ 88,426 $ 1,129,390 Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year $ (33,307 ) $ 2,307 $ 1,801 $ (3,795 ) $ (7,115 ) $ (40,109 ) First lien Second lien Unsecured Structured Equity Total Balance as of February 28, 2022 $ 631,572 $ 44,386 $ 15,931 $ 38,030 $ 75,632 $ 805,551 Payment-in-kind and other adjustments to cost 391 283 238 (3,329 ) 535 (1,882 ) Net accretion of discount on investments 1,831 (14 ) - - - 1,817 Net change in unrealized appreciation (depreciation) on investments (10,465 ) (703 ) (167 ) (4,731 ) 4,215 (11,851 ) Purchases 345,955 4,950 4,659 11,392 13,660 380,616 Sales and repayments (170,913 ) (33,966 ) - - (17,336 ) (222,215 ) Net realized gain (loss) from investments 163 - - - 7,284 7,447 Balance as of February 28, 2023 $ 798,534 $ 14,936 $ 20,661 $ 41,362 $ 83,990 $ 959,483 Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year $ (10,575 ) $ (892 ) $ (167 ) $ (4,731 ) $ 6,111 $ (10,254 )
Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements of Assets	The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of February 29, 2024 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted First lien term loans $ 976,423 Market Comparables Market Yield (%) 10.6% - 17.2% 13.0% Revenue Multiples (x) 4.6x - 9.4x 6.6x EBITDA Multiples (x) 5.0x - 6.0x 5.6x Third-party bid (x) 3.9x - 4.2x 4.0x Second lien term loans 18,097 Market Comparables Market Yield (%) 19.0% - 28.3% 25.5% EBITDA Multiples (x) 7.0x 7.0x Third-party bid (x) 29.7x 29.7x Unsecured term loans 15,818 Discounted Cash Flow Discount Rate (%) 10.5% 10.5% Structured finance securities 30,626 Discounted Cash Flow Discount Rate (%) 8.5% - 22.0% 15.1% Recovery Rate (%) 35.0% - 70.0% 70.0% Prepayment Rate (%) 20.0% 20.0% Equity interests 88,426 Enterprise Value Waterfall EBITDA Multiples (x) 4.7x - 20.4x 10.4x Revenue Multiples (x) 1.3x - 10.4x 6.3x Third-party bid (x) 3.9x 3.9x Total $ 1,129,390 * The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input, excluding the recovery rate for Structured finance securities. Fair Value Valuation Technique Unobservable Input Range Weighted First lien term loans $ 798,534 Market Comparables Market Yield (%) 10.5% - 23.1% 12.8% Revenue Multiples (x) 4.1x 4.1x EBITDA Multiples (x) 8.0x 8.0x Second lien term loans 14,936 Market Comparables Market Yield (%) 15.6% - 61.8% 45.8% Unsecured term loans 20,661 Market Comparables Market Yield (%) 10.0% - 28.8% 12.6% Market Comparables Market Quote (%) 100.0% 100% Collateral Value Coverage Net Asset Value (%) 100.0% 100% Structured finance securities 41,362 Discounted Cash Flow Discount Rate (%) 12.0% - 22.0% 17.6% Recovery Rate (%) 35.0% - 70.0% 70.0% Prepayment Rate (%) 20.0% 20.0% Equity interests 83,990 Enterprise Value Waterfall EBITDA Multiples (x) 5.5x - 28.6x 11.0x Revenue Multiples (x) 1.3x - 11.2x 6.4x Total $ 959,483 * The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input, excluding the recovery rate for Structured finance securities.
Schedule of Amortized Cost and Fair Value	The composition of our investments as of February 29, 2024 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Investments Fair Value First lien term loans $ 1,019,678 86.4 % $ 976,423 85.7 % Second lien term loans 21,968 1.9 18,097 1.6 Unsecured loans 17,619 1.5 15,818 1.4 Structured finance securities 42,769 3.6 30,626 2.7 Equity interests 77,750 6.6 97,830 8.6 Total $ 1,179,784 100.0 % $ 1,138,794 100.0 % Investments at Amortized Investments Fair Value First lien term loans $ 808,464 83.7 % $ 798,534 82.1 % Second lien term loans 21,114 2.2 14,936 1.5 Unsecured loans 21,001 2.2 20,661 2.1 Structured finance securities 49,711 5.1 41,362 4.3 Equity interests 66,199 6.8 97,097 10.0 Total $ 966,489 100.0 % $ 972,590 100.0 %

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Feb. 29, 2024
Income Taxes [Abstract]
Schedule of U.S. Federal Excise and Capital Gains Tax and Worthless Securities Losses	As of February 29, 2024 and February 28, 2023, the Company reclassified for book purposes amounts arising from permanent book/tax differences primarily related to nondeductible U.S. federal excise and capital gains tax and worthless securities losses (dollars in thousands): February 29, February 28, Capital in excess of par value $ (779 ) $ 16 Total distributable earnings (loss) 779 (16 )
Schedule of Tax Character of Distributions Paid	The tax character of distributions paid for the years ended February 29, 2024, February 28, 2023 and February 28, 2022 was as follows (dollars in thousands): February 29, February 28, February 28, Ordinary income $ 35,636 $ 27,313 $ 22,033 Capital gains - - - Total $ 35,636 $ 27,313 $ 22,033
Schedule of Components of Accumulated Losses on a Tax Basis	As of February 29, 2024 and February 28, 2023, the components of accumulated losses on a tax basis as detailed below differ from the amounts reflected per the Company’s consolidated statements of assets and liabilities by temporary book/tax differences primarily arising from the consolidation of the Saratoga CLO for U.S federal tax purposes, market discount and original issue discount income, interest income accrual on defaulted bonds, write-off of investments, and amortization of organizational expenditures and partnership interests (dollars in thousands). February 29, February 28, Post October loss deferred $ - $ - Accumulated capital losses (19,900 ) (1,580 ) Other temporary differences 6,855 1,971 Undistributed Long Term Gain - - Undistributed ordinary income 46,215 19,771 Unrealized appreciation (depreciation) (39,685 ) (15,500 ) Total components of accumulated losses $ (6,515 ) $ 4,662
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities, and related valuation allowances, as of February 29, 2024 and February 28, 2023, were as follows: February 29, February 28, Total deferred tax assets $ 2,650,580 $ 2,542,373 Total deferred tax liabilities (3,901,995 ) (3,008,829 ) Valuation allowance on net deferred tax assets (2,539,735 ) (2,350,116 ) Net deferred tax liability $ (3,791,150 ) $ (2,816,572 )
Schedule of Federal and State Income Tax Provisions Benefit	Federal and state income tax provisions (benefits) on investments are as follows: February 29, February 28, February 28, Current Federal $ - $ (473,475 ) $ 2,498,515 State - (80,273 ) 327,021 Net current expense - (553,748 ) 2,825,536 Deferred Federal 990,920 1,467,975 (444,628 ) State (16,343 ) 99,582 (227,737 ) Net deferred expense 974,577 1,567,557 (672,365 ) Net tax provision $ 974,577 $ 1,013,809 $ 2,153,171

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
Borrowings (Tables)	Feb. 29, 2024
Borrowings [Abstract]
Schedule of Credit Facility	Information about our senior securities is shown in the following table as of February 28/29 for the fiscal years indicated in the table, unless otherwise noted. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Financial condition, liquidity and capital resources” for more detailed information regarding the senior securities. Class and Year (1)(2) Total Amount Outstanding Exclusive of Treasury Securities(3) Asset Coverage per Unit(4) Involuntary Liquidating Preference per Share(5) Average Market Value per Share(6) (in thousands) Credit Facility with Encina Lender Finance, LLC Fiscal year 2024 (as of February 29, 2024) $ 35,000 $ 1,610 - N/A Fiscal year 2023 (as of February 28, 2023) $ 32,500 $ 1,659 - N/A Fiscal year 2022 (as of February 28, 2022) $ 12,500 $ 2,093 - N/A Credit Facility with Madison Capital Funding(14) Fiscal year 2021 (as of February 28, 2021) $ - $ 3,471 - N/A Fiscal year 2020 (as of February 29, 2020) $ - $ 6,071 - N/A Fiscal year 2019 (as of February 28, 2019) $ - $ 2,345 - N/A Fiscal year 2018 (as of February 28, 2018) $ - $ 2,930 - N/A Fiscal year 2017 (as of February 28, 2017) $ - $ 2,710 - N/A Fiscal year 2016 (as of February 29, 2016) $ - $ 3,025 - N/A Fiscal year 2015 (as of February 28, 2015) $ 9,600 $ 3,117 - N/A Fiscal year 2014 (as of February 28, 2014) $ - $ 3,348 - N/A Fiscal year 2013 (as of February 28, 2013) $ 24,300 $ 5,421 - N/A Fiscal year 2012 (as of February 29, 2012) $ 20,000 $ 5,834 - N/A Fiscal year 2011 (as of February 28, 2011) $ 4,500 $ 20,077 - N/A 7.50% Notes due 2020(7) Fiscal year 2017 (as of February 28, 2017) $ - $ - - N/A Fiscal year 2016 (as of February 29, 2016) $ 61,793 $ 3,025 - $ 25.24 (8) Fiscal year 2015 (as of February 28, 2015) $ 48,300 $ 3,117 - $ 25.46 (8) Fiscal year 2014 (as of February 28, 2014) $ 48,300 $ 3,348 - $ 25.18 (8) 6.75% Notes due 2023(9) Fiscal year 2020 (as of February 29, 2020) $ - $ - - N/A Fiscal year 2019 (as of February 28, 2019) $ 74,451 $ 2,345 - $ 25.74 (10) Fiscal year 2018 (as of February 28, 2018) $ 74,451 $ 2,930 - $ 26.05 (10) Fiscal year 2017 (as of February 28, 2017) $ 74,451 $ 2,710 - $ 25.89 (10) 8.75% Notes due 2025 Fiscal year 2024 (as of February 29, 2024) $ 20,000 $ 1,610 - $ 25.00 (12) 6.25% Notes due 2025(13) Fiscal year 2022 (as of February 28, 2022) - - - N/A Fiscal year 2021 (as of February 28, 2021) $ 60,000 $ 3,471 - $ 24.24 (11) Fiscal year 2020 (as of February 29, 2020) $ 60,000 $ 6,071 - $ 25.75 (11) Fiscal year 2019 (as of February 28, 2019) $ 60,000 $ 2,345 - $ 24.97 (11) Class and Year (1)(2) Total Amount Outstanding Exclusive of Treasury Securities(3) Asset Coverage per Unit(4) Involuntary Liquidating Preference per Share(5) Average Market Value per Share(6) (in thousands) 7.00% Notes due 2025 Fiscal year 2024 (as of February 29, 2024) $ 12,000 $ 1,610 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 12,000 $ 1,659 - $ 25.00 (12) 7.25% Notes due 2025(16) Fiscal year 2023 (as of February 28, 2023) - - - N/A Fiscal year 2022 (as of February 28, 2022) $ 43,125 $ 2,093 - $ 25.46 (11) Fiscal year 2021 (as of February 28, 2021) $ 43,125 $ 3,471 - $ 25.77 (11) 7.75% Notes due 2025 Fiscal year 2024 (as of February 29, 2024) $ 5,000 $ 1,610 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 5,000 $ 1,659 - $ 25.00 (12) Fiscal year 2022 (as of February 28, 2022) $ 5,000 $ 2,093 - $ 25.00 (12) Fiscal year 2021 (as of February 28, 2021) $ 5,000 $ 3,471 - $ 25.00 (12) 4.375% Notes due 2026 Fiscal year 2024 (as of February 29, 2024) $ 175,000 $ 1,610 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 175,000 $ 1,659 - $ 25.00 (12) Fiscal year 2022 (as of February 28, 2022) $ 175,000 $ 2,093 - $ 25.00 (12) 4.35% Notes due 2027 Fiscal year 2024 (as of February 29, 2024) $ 75,000 $ 1,610 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 75,000 $ 1,659 - $ 25.00 (12) Fiscal year 2022 (as of February 28, 2022) $ 75,000 $ 2,093 - $ 25.00 (12) 6.00% Notes due 2027 Fiscal year 2024 (as of February 29, 2024) $ 105,500 $ 1,610 - $ 23.51 (15) Fiscal year 2023 (as of February 28, 2023) $ 105,500 $ 1,659 - $ 23.97 (15) 6.25% Notes due 2027 Fiscal year 2024 (as of February 29, 2024) $ 15,000 $ 1,610 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 15,000 $ 1,659 - $ 25.00 (12) Fiscal year 2022 (as of February 28, 2022) $ 15,000 $ 2,093 - $ 25.00 (12) Fiscal year 2021 (as of February 28, 2021) $ 15,000 $ 3,471 - $ 25.00 (12) 8.00% Notes due 2027 Fiscal year 2024 (as of February 29, 2024) $ 46,000 $ 1,610 - $ 25.00 (15) 8.125% Notes due 2027 Fiscal year 2024 (as of February 29, 2024) $ 60,375 $ 1,610 - $ 25.05 (15) Fiscal year 2023 (as of February 28, 2023) $ 60,375 $ 1,659 - $ 25.10 (15) 8.50% Notes due 2028 Fiscal year 2024 (as of February 29, 2024) $ 57,500 $ 1,610 - $ 25.17 (17) (1) We have excluded our SBA-guaranteed debentures from this table because the SEC has granted us exemptive relief that permits us to exclude such debentures from the definition of senior securities in the 150% asset coverage ratio we are required to maintain under the 1940 Act. (2) This table does not include the senior securities of our predecessor entity, GSC Investment Corp., relating to a revolving securitized credit facility with Deutsche Bank, in light of the fact that the Company was under different management during the time that such credit facility was outstanding. (3) Total amount of senior securities outstanding at the end of the period presented. (4) Asset coverage per unit is the ratio of our total assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness, calculated on a total basis. (5) The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. The “—” indicates information which the Securities and Exchange Commission expressly does not require to be disclosed for certain types of senior securities. (6) Not applicable for credit facility because not registered for public trading. (7) On January 13, 2017, the Company redeemed in full its 2020 Notes. The Company used a portion of the net proceeds from the 2023 Notes offering, which was completed in December 2016, to redeem the 2020 Notes in full. (8) Based on the average daily trading price of the 2020 Notes on the NYSE. (9) On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.45 million, respectively, in aggregate principal amount of the $74.45 million in aggregate principal amount of issued and outstanding 2023 Notes. (10) Based on the average daily trading price of the 2023 Notes on the NYSE. (11) Based on the average daily trading price of the 2025 Notes on the NYSE. (12) The carrying value of this unlisted security approximates its fair value, based on a waterfall analysis showing adequate collateral coverage. (13) On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes. The Company used a portion of the net proceeds from the 4.375% 2026 Notes offering, which was completed in July 2021, to redeem the 6.25% 2025 Notes in full. (14) On October 4, 2021, the Company repaid all remaining amounts outstanding under the Madison Credit Facility and the credit agreement relating to the Madison Credit Facility was terminated. (15) Based on the average daily trading price of the 2027 Notes on the NYSE. (16) On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the issued and outstanding 7.25% 2025 Notes. (17) Based on the average daily trading price of the 2028 Notes on the NYSE.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Feb. 29, 2024
Commitments and Contingencies [Abstract]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations	contractual obligations Payment Due by Period Long-Term Debt Obligations Total Less Than 1 - 3 3 - 5 More Than ($ in thousands) Encina credit facility $ 35,000 $ - $ 35,000 $ - $ - SBA debentures 214,000 - - - 214,000 8.75% 2025 Notes 20,000 - 20,000 - - 7.00% 2025 Notes 12,000 - 12,000 - - 7.75% 2025 Notes 5,000 - 5,000 - - 4.375% 2026 Notes 175,000 - 175,000 - - 4.35% 2027 Notes 75,000 - 75,000 - - 6.00% 2027 Notes 105,500 - - 105,500 - 6.25% 2027 Notes 15,000 - - 15,000 - 8.00% 2027 Notes 46,000 - - 46,000 - 8.125% 2027 Notes 60,375 - - 60,375 - 8.50% 2028 Notes 57,500 - - 57,500 - Total Long-Term Debt Obligations $ 820,375 $ - $ 322,000 $ 284,375 $ 214,000
Schedule of Unfunded Commitments Outstanding	A summary of the unfunded commitments outstanding as of February 29, 2024 and February 28, 2023 is shown in the table below (dollars in thousands): February 29, February 28, At Company’s discretion ActiveProspect, Inc. $ 10,000 $ 10,000 Artemis Wax Corp. 23,500 - Ascend Software, LLC 5,000 5,000 Granite Comfort, LP 750 15,000 JDXpert 5,000 5,000 LFR Chicken LLC - 4,000 Pepper Palace, Inc. 1,898 3,000 Procurement Partners, LLC 4,250 4,250 Saratoga Senior Loan Fund I JV, LLC 8,548 8,548 Sceptre Hospitality Resources, LLC 5,000 5,000 Stretch Zone Franchising, LLC 3,750 - VetnCare MSO, LLC 10,000 - Total $ 77,696 $ 59,798 At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required Alpha Aesthetics Partners OpCo, LLC $ 6,500 $ - ARC Health OpCo LLC 2,585 10,773 Artemis Wax Corp. - 8,500 Ascend Software, LLC - 3,200 Axero Holdings, LLC - Revolver 500 500 Axiom Medical Consulting, LLC 2,000 - BQE Software, Inc. 3,250 - C2 Educational Systems 3,000 - Davisware, LLC 750 - Exigo, LLC - 4,167 Exigo, LLC - Revolver 1,042 833 Gen4 Dental Partners Holdings, LLC - 11,000 GoReact 2,500 2,500 Granite Comfort, LP 11,637 - JDXpert - 1,000 Inspect Point Holding, LLC 1,500 - Pepper Palace, Inc. - Delayed Draw Term Loan - 2,000 Pepper Palace, Inc. - Revolver 2,500 2,500 Procurement Partners, LLC - 1,000 Stretch Zone Franchising, LLC 1,500 - VetnCare MSO, LLC 15,319 - Zollege PBC 150 1,000 54,733 48,973 Total $ 132,429 $ 108,771

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
Stockholders' Equity (Tables)	Feb. 29, 2024
Stockholders' Equity [Abstract]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity	The Company adopted Rule 3-04/Rule 8-03(a)(5) under Regulation S-X (Note 2). Pursuant to Regulation S-X, the Company has presented a reconciliation of the changes in each significant caption of stockholders’ equity as shown in the tables below: Total Common Stock Capital Distributable Shares Amount of Par Value (Loss) Net Assets Balance at February 28, 2022 12,131,350 $ 12,131 $ 328,062,246 $ 27,706,146 $ 355,780,523 Increase (Decrease) from Operations: Net investment income - - - 7,976,222 7,976,222 Net realized gain (loss) from investments - - - 162,509 162,509 Income tax (provision) benefit from realized gain on investments - - - 69,250 69,250 Net change in unrealized appreciation (depreciation) on investments - - - (9,333,449 ) (9,333,449 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (361,951 ) (361,951 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,428,817 ) (6,428,817 ) Capital Share Transactions: Stock dividend distribution 42,825 43 1,108,637 - 1,108,680 Repurchases of common stock (142,177 ) (142 ) (3,734,174 ) - (3,734,316 ) Repurchase fees - - (2,840 ) - (2,840 ) Balance at May 31, 2022 12,031,998 $ 12,032 $ 325,433,869 $ 19,789,910 $ 345,235,811 Increase (Decrease) from Operations: Net investment income - - - 7,698,014 7,698,014 Net realized gain (loss) from investments - - - 7,943,838 7,943,838 Realized losses on extinguishment of debt - - - (1,204,809 ) (1,204,809 ) Net change in unrealized appreciation (depreciation) on investments - - - (13,258,456 ) (13,258,456 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (230,154 ) (230,154 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,369,981 ) (6,369,981 ) Capital Share Transactions: Stock dividend distribution 48,590 49 1,088,139 - 1,088,188 Repurchases of common stock (153,350 ) (154 ) (3,685,951 ) - (3,686,105 ) Repurchase fees - - (3,071 ) - (3,071 ) Balance at August 31, 2022 11,927,238 $ 11,927 $ 322,832,986 $ 14,368,362 $ 337,213,275 Total Common Stock Capital Distributable Shares Amount of Par Value (Loss) Net Assets Increase (Decrease) from Operations: Net investment income - - - 9,877,437 9,877,437 Net realized gain (loss) from investments - - - (740,434 ) (740,434 ) Income tax (provision) benefit from realized gain on investments - - - 479,318 479,318 Net change in unrealized appreciation (depreciation) on investments - - - (3,176,208 ) (3,176,208 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (425,848 ) (425,848 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,433,298 ) (6,433,298 ) Capital Share Transactions: Stock dividend distribution 52,312 53 1,150,881 - 1,150,934 Repurchases of common stock (94,071 ) (95 ) (2,179,600 ) - (2,179,695 ) Repurchase fees - - (1,881 ) - (1,881 ) Balance at November 30, 2022 11,885,479 $ 11,885 $ 321,802,386 $ 13,949,329 $ 335,763,600 Increase (Decrease) from Operations: Net investment income - - - 9,649,474 9,649,474 Net realized gain (loss) from investments - - - 80,683 80,683 Realized losses on extinguishment of debt - - - (382,274 ) (382,274 ) Net change in unrealized appreciation (depreciation) on investments - - - 10,549,981 10,549,981 Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (697,380 ) (697,380 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,081,306 ) (8,081,306 ) Capital Share Transactions: Stock dividend distribution 53,615 55 1,300,405 - 1,300,460 Repurchases of common stock (48,594 ) (49 ) (1,224,175 ) - (1,224,224 ) Repurchase fees - - (972 ) - (972 ) Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles - - 16,162 (16,162 ) - Balance at February 28, 2023 11,890,500 $ 11,891 $ 321,893,806 $ 25,052,345 $ 346,958,042 Total Common Stock Capital Distributable Shares Amount of Par Value (Loss) Net Assets Increase (Decrease) from Operations: Net investment income - - - 15,958,950 15,958,950 Net realized gain (loss) from investments - - - 90,691 90,691 Net change in unrealized appreciation (depreciation) on investments - - - (16,322,307 ) (16,322,307 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - 59,407 59,407 Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,193,402 ) (8,193,402 ) Capital Share Transactions: Stock dividend distribution 45,818 47 1,058,797 - 1,058,844 Repurchases of common stock (88,576 ) (90 ) (2,157,515 ) - (2,157,605 ) Repurchase fees - - (1,772 ) - (1,772 ) Balance at May 31, 2023 11,847,742 $ 11,848 $ 320,793,316 $ 16,645,684 $ 337,450,848 Increase (Decrease) from Operations: Net investment income - - - 13,964,784 13,964,784 Realized losses on extinguishment of debt - - - (110,056 ) (110,056 ) Net change in unrealized appreciation (depreciation) on investments - - - (5,737,571 ) (5,737,571 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (221,206 ) (221,206 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,352,335 ) (8,352,335 ) Capital Share Transactions: Proceeds from issuance of common stock 852,412 852 22,497,265 - 22,498,117 Capital contribution from Manager - - 2,050,288 - 2,050,288 Stock dividend distribution 29,627 30 749,283 - 749,313 Offfering costs - - (213,427 ) - (213,427 ) Balance at August 31, 2023 12,729,781 $ 12,730 $ 345,876,725 $ 16,189,300 $ 362,078,755 Increase (Decrease) from Operations: Net investment income - - - 14,166,063 14,166,063 Net realized gain (loss) from investments - - - 60,565 60,565 Net change in unrealized appreciation (depreciation) on investments - - - (17,866,353 ) (17,866,353 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (415,894 ) (415,894 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,286,642 ) (9,286,642 ) Capital Share Transactions: Proceeds from issuance of common stock 350,000 350 9,012,150 - 9,012,500 Capital contribution from Manager - - 1,043,000 - 1,043,000 Stock dividend distribution 35,196 35 858,960 - 858,995 Offering costs - - (92,240 ) - (92,240 ) Balance at November 30, 2023 13,114,977 $ 13,115 $ 356,698,595 $ 2,847,039 $ 359,558,749 Increase (Decrease) from Operations: Net investment income - - - 12,784,511 12,784,511 Net realized gain (loss) from investments - - - 2,328 2,328 Net change in unrealized appreciation (depreciation) on investments - - - (7,164,613 ) (7,164,613 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (315,473 ) (315,473 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,803,576 ) (9,803,576 ) Capital Share Transactions: Proceeds from issuance of common stock 501,105 501 13,028,269 - 13,028,770 Capital contribution from Manager - - 1,382,009 - 1,382,009 Stock dividend distribution 37,394 38 915,155 - 915,193 Offering costs - - (163,789 ) - (163,789 ) Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles - - (779 ) 779 - Balance at February 29, 2024 13,653,476 $ 13,654 $ 371,081,199 $ (870,745 ) $ 370,224,108

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Feb. 29, 2024
Earnings Per Share [Abstract]
Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets	The following information sets forth the computation of the weighted average basic and diluted net increase in net assets resulting from operations per share for the years ended February 29, 2024, February 28, 2023 and February 28, 2022 (dollars in thousands except share and per share amounts): Basic and Diluted February 29, February 28, February 28, Net increase in net assets resulting from operations $ 8,934 $ 24,676 $ 45,735 Weighted average common shares outstanding 12,670,939 11,963,533 11,456,631 Weighted average earnings per common share $ 0.71 $ 2.06 $ 3.99

Dividend (Tables)

Dividend (Tables)	12 Months Ended
Dividend (Tables)	Feb. 29, 2024
Dividend [Abstract]
Schedule of Payment Date	We have distributed or intend to distribute sufficient dividends to eliminate our U.S. federal taxable income for our completed tax years. If we fail to satisfy the 90% distribution requirement or otherwise fail to qualify as a RIC in any tax year, we would be subject to U.S. federal income tax in that year on all of our taxable income, regardless of whether we made any distributions to our shareholders. Shareholders have the option to receive payment of the dividend in cash, or receive shares of common stock. Our distributions for the tax years ended February 29, 2024 to inception were as follows: Payment date Cash Dividend Tax Year Ended February 28, 2025 March 28, 2024 $ 0.73 (45) $ 0.73 Tax Year Ended February 29, 2024 December 28, 2023 $ 0.72 (44) September 28, 2023 0.71 (43) June 29, 2023 0.70 (42) March 30, 2023 0.69 (1) $ 2.82 Tax Year Ended February 28, 2023 January 4, 2023 $ 0.68 (2) September 29, 2022 0.54 (3) June 29, 2022 0.53 (4) March 28, 2022 0.53 (5) $ 2.28 Tax Year Ended February 28, 2022 January 19, 2022 $ 0.53 (6) September 28, 2021 0.52 (7) June 29, 2021 0.44 (8) April 22, 2021 0.43 (9) $ 1.92 Tax Year Ended February 28, 2021 February 10, 2021 $ 0.42 (10) November 10, 2020 0.41 (11) August 12, 2020 0.40 (12) $ 1.03 Tax Year Ended February 29, 2020 February 6, 2020 $ 0.56 (13) September 26, 2019 0.56 (14) June 27, 2019 0.55 (15) March 28, 2019 0.54 (16) $ 2.21 Tax Year Ended February 28, 2019 January 2, 2019 $ 0.53 (17) September 27, 2018 0.52 (18) June 27, 2018 0.51 (19) March 26, 2018 0.50 (20) $ 2.06 Tax Year Ended February 28, 2018 December 27, 2017 $ 0.49 (21) September 26, 2017 0.48 (22) June 27, 2017 0.47 (23) March 28, 2017 0.46 (24) $ 1.90 Payment date Cash Dividend Tax Year Ended February 28, 2017 February 9, 2017 $ 0.45 (25) November 9, 2016 0.44 (26) September 5, 2016 0.20 (27) August 9, 2016 0.43 (28) April 27, 2016 0.41 (29) $ 1.93 Tax Year Ended February 29, 2016 February 29, 2016 $ 0.40 (30) November 30, 2015 0.36 (31) August 31, 2015 0.33 (32) June 5, 2015 1.00 (33) May 29. 2015 0.27 (34) $ 2.36 Tax Year Ended February 28, 2015 February 27, 2015 $ 0.22 (35) November 28, 2014 0.18 (36) $ 0.40 Tax Year Ended February 28. 2014 December 27, 2013 $ 2.65 (37) $ 2.65 Tax Year Ended February 28, 2013 December 31, 2012 $ 4.25 (38) $ 4.25 Tax Year Ended February 29, 2012 December 30, 2011 $ 3.00 (39) $ 3.00 Tax Year Ended February 28, 2011 December 29, 2010 $ 4.40 (40) $ 4.40 Tax Year Ended February 28, 2010 December 31, 2009 $ 18.25 (41) $ 18.25 (1) Based on shareholder elections, the dividend consisted of approximately $7.1 million in cash and 45,818 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.11 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on March 17, 20, 21, 22, 23, 24, 27, 28, 29, and 30, 2023. (2) Based on shareholder elections, the dividend consisted of approximately $6.8 million in cash and 53,615 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.26 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on December 20, 21, 22, 23, 27, 28, 29 and 30 2022 and January 3 and 4, 2023. (3) Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 52,312 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.00 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 16, 19, 20, 21, 22, 23, 26, 27, 28 and 29, 2022. (4) Based on shareholder elections, the dividend consisted of approximately $5.1 million in cash and 48,590 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.40 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on June 15, 16, 17, 21, 22, 23, 24, 27, 28 and 29, 2022. (5) Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 42,825 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.89 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on March 15, 16, 17, 18, 21, 22, 23, 24, 25 and 28, 2022. (6) Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 41,520 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $26.85 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on January 5, 6, 7, 10, 11, 12, 13, 14, 18 and 19, 2022. (7) Based on shareholder elections, the dividend consisted of approximately $4.9 million in cash and 38,016 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $26.77 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 15, 16, 17, 20, 21, 22, 23, 24, 27 and 28, 2021. (8) Based on shareholder elections, the dividend consisted of approximately $4.1 million in cash and 33,100 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.03 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on June 16, 17, 18, 21, 22, 23, 24, 25, 28 and 29, 2021. (9) Based on shareholder elections, the dividend consisted of approximately $3.9 million in cash and 38,580 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.69 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on April 9,12, 13, 14, 15, 16, 19, 20, 21 and 22, 2021. (10) Based on shareholder elections, the dividend consisted of approximately $3.8 million in cash and 41,388 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.75 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on January 28, 29 and February 1, 2, 3, 4, 5, 8, 9 and 10, 2021. (11) Based on shareholder elections, the dividend consisted of approximately $3.8 million in cash and 45,706 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.63 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on October 28, 29, 30 and November 2, 3, 4, 5, 6, 9 and 10, 2020. (12) Based on shareholder elections, the dividend consisted of approximately $3.7 million in cash and 47,098 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.45 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on July 30, 31 and August 3, 4, 5, 6, 7, 10, 11 and 12, 2020. (13) Based on shareholder elections, the dividend consisted of approximately $5.4 million in cash and 35,682 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.44 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on January 24, 27, 28, 29, 30, 31 and February 3, 4, 5 and 6, 2020. (14) Based on shareholder elections, the dividend consisted of approximately $4.5 million in cash and 34,575 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.34 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 13, 16, 17, 18, 19, 20, 23, 24, 25 and 26, 2019. (15) Based on shareholder elections, the dividend consisted of approximately $3.6 million in cash and 31,545 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.65 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 17, 18, 19, 20, 21, 24, 25, 26 and 27, 2019. (16) Based on shareholder elections, the dividend consisted of approximately $3.5 million in cash and 31,240 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.36 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 15, 18, 19, 20, 21, 22, 25, 26, 27 and 28, 2019. (17) Based on shareholder elections, the dividend consisted of approximately $3.4 million in cash and 30,796 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $18.88 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on December 18, 19, 20, 21, 24, 26, 27, 28, 31, 2018 and January 2, 2019. (18) Based on shareholder elections, the dividend consisted of approximately $3.3 million in cash and 25,862 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.35 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 14, 17, 18, 19, 20, 21, 24, 25, 26 and 27, 2018. (19) Based on shareholder elections, the dividend consisted of approximately $2.7 million in cash and 21,562 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.72 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 15, 18, 19, 20, 21, 22, 25, 26 and 27, 2018. (20) Based on shareholder elections, the dividend consisted of approximately $2.6 million in cash and 25,354 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $19.91 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 13, 14, 15, 16, 19, 20, 21, 22, 23 and 26, 2018. (21) Based on shareholder elections, the dividend consisted of approximately $2.5 million in cash and 25,435 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.14 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on December 13, 14, 15, 18, 19, 20, 21, 22, 26 and 27, 2017. (22) Based on shareholder elections, the dividend consisted of approximately $2.2 million in cash and 33,551 newly issued shares of common stock, or 0.6% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.19 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 13, 14, 15, 18, 19, 20, 21, 22, 25 and 26, 2017. (23) Based on shareholder elections, the dividend consisted of approximately $2.3 million in cash and 26,222 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.04 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 15, 16, 19, 20, 21, 22, 23, 26 and 27, 2017. (24) Based on shareholder elections, the dividend consisted of approximately $2.0 million in cash and 29,096 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.38 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 15, 16, 17, 20, 21, 22, 23, 24, 27 and 28, 2017. (25) Based on shareholder elections, the dividend consisted of approximately $1.6 million in cash and 50,453 newly issued shares of common stock, or 0.9% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.25 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on January 27, 30, 31 and February 1, 2, 3, 6, 7, 8 and 9, 2017. (26) Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 58,548 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.12 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on October 27, 28, 31 and November 1, 2, 3, 4, 7, 8 and 9, 2016. (27) Based on shareholder elections, the dividend consisted of approximately $0.7 million in cash and 24,786 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.06 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on August 22, 23, 24, 25, 26, 29, 30, 31 and September 1 and 2, 2016. (28) Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 58,167 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.32 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on July 27, 28, 29 and August 1, 2, 3, 4, 5, 8 and 9, 2016. (29) Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 56,728 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.43 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on April 14, 15, 18, 19, 20, 21, 22, 25, 26 and 27, 2016. (30) Based on shareholder elections, the dividend consisted of approximately $1.4 million in cash and 66,765 newly issued shares of common stock, or 1.2% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $13.11 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on February 16, 17, 18, 19, 22, 23, 24, 25, 26 and 29, 2016. (31) Based on shareholder elections, the dividend consisted of approximately $1.1 million in cash and 61,029 newly issued shares of common stock, or 1.1% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.53 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on November 16, 17, 18, 19, 20, 23, 24, 25, 27 and 30, 2015. (32) Based on shareholder elections, the dividend consisted of approximately $1.1 million in cash and 47,861 newly issued shares of common stock, or 0.9% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.28 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on August 18, 19, 20, 21, 24, 25, 26, 27, 28 and 31, 2015. (33) Based on shareholder elections, the dividend consisted of approximately $3.4 million in cash and 126,230 newly issued shares of common stock, or 2.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.47 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on May 22, 26, 27, 28, 29 and June 1, 2, 3, 4, and 5, 2015. (34) Based on shareholder elections, the dividend consisted of approximately $0.9 million in cash and 33,766 newly issued shares of common stock, or 0.6% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.78 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on May 15, 18, 19, 20, 21, 22, 26, 27, 28 and 29, 2015. (35) Based on shareholder elections, the dividend consisted of approximately $0.8 million in cash and 26,858 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.97 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on February 13, 17, 18, 19, 20, 23, 24, 25, 26 and 27, 2015. (36) Based on shareholder elections, the dividend consisted of approximately $0.6 million in cash and 22,283 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.37 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on November 14, 17, 18, 19, 20, 21, 24, 25, 26 and 28, 2014. (37) Based on shareholder elections, the dividend consisted of approximately $2.5 million in cash and 649,500 shares of common stock, or 13.7% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.439 per share, which equaled the volume weighted average trading price per share of the common stock on December 11, 13 and 16, 2013. (38) Based on shareholder elections, the dividend consisted of $3.3 million in cash and 853,455 shares of common stock, or 22.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.444 per share, which equaled the volume weighted average trading price per share of the common stock on December 14, 17 and 19, 2012. (39) Based on shareholder elections, the dividend consisted of $2.0 million in cash and 599,584 shares of common stock, or 18.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $13.117067 per share, which equaled the volume weighted average trading price per share of the common stock on December 20, 21 and 22, 2011. (40) Based on shareholder elections, the dividend consisted of $1.2 million in cash and 596,235 shares of common stock, or 22.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 10.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.8049 per share, which equaled the volume weighted average trading price per share of the common stock on December 20, 21 and 22, 2010. (41) Based on shareholder elections, the dividend consisted of $2.1 million in cash and 864,872 shares of common stock, or 104.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 13.7% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $1.5099 per share, which equaled the volume weighted average trading price per share of the common stock on December 24 and 28, 2009. (42) Based on shareholder elections, the dividend consisted of approximately $7.6 million in cash and 29,627 newly issued shares of common stock, or 0.2% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.29 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on June 15, 16, 20, 21, 22, 23, 26, 27, 28, and 29, 2023. (43) Based on shareholder elections, the dividend consisted of approximately $8.4 million in cash and 35,196 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.41 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 15, 18, 19, 20, 21, 22, 25, 26, 27, and 28, 2023. (44) Based on shareholder elections, the dividend consisted of approximately $8.9 million in cash and 37,394 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.47 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on December 14, 15, 18, 19, 20, 21, 22, 26, 27, and 28, 2023. (45) Based on shareholder elections, the dividend consisted of approximately $9.0 million in cash and 45,490 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.85 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on March 15, 18, 19, 20, 21, 22, 25, 26, 27, and 28, 2024.
Schedule of Dividends Declared	The following tables summarize dividends declared for the years ended February 29, 2024, February 28, 2023, February 28, 2022, February 28, 2021 and February 29, 2020 (dollars in thousands except for share amounts): Date Declared Record Date Payment Date Amount per Share Total Amount* February 15, 2024 March 13, 2024 March 28, 2024 $ 0.73 $ 9,967 November 15, 2023 December 11, 2023 December 28, 2023 0.72 9,803 August 14, 2023 September 14, 2023 September 28, 2023 0.71 9,287 May 22, 2023 June 13, 2023 June 29, 2023 0.70 8,352 Total dividends declared $ 2.86 $ 37,409 Date Declared Record Date Payment Date Amount per Share Total Amount* February 28, 2023 March 14, 2023 March 28, 2023 $ 0.69 $ 8,193 November 15, 2022 December 15, 2022 January 4, 2023 0.68 8,081 August 29, 2022 September 14, 2022 September 29, 2022 0.54 6,433 May 26, 2022 June 14, 2022 June 29, 2022 0.53 6,370 Total dividends declared $ 2.44 $ 29,077 Date Declared Record Date Payment Date Amount per Share Total Amount* February 24, 2022 March 14, 2022 March 28, 2022 $ 0.53 $ 6,434 August 26, 2021 September 14, 2021 September 28, 2021 0.52 5,889 May 27, 2021 June 15, 2021 June 29, 2021 0.44 4,910 March 22, 2021 April 8, 2021 April 22, 2021 0.43 4,799 Total dividends declared $ 1.92 $ 22,032 Date Declared Record Date Payment Date Amount per Share Total Amount* January 5, 2021 January 26, 2021 February 10, 2021 $ 0.42 $ 4,679 October 7, 2020 October 26, 2020 November 10, 2020 0.41 4,581 July 7, 2020 July 27, 2020 August 12, 2020 0.40 4,487 Total dividends declared $ 1.23 $ 13,747 Date Declared Record Date Payment Date Amount per Share Total Amount* January 7, 2020 January 24, 2020 February 6, 2020 $ 0.56 $ 6,262 August 27, 2019 September 13, 2019 September 26, 2019 0.56 5,323 May 28, 2019 June 13, 2019 June 27, 2019 0.55 4,336 February 26, 2019 March 14, 2019 March 28, 2019 0.54 4,176 Total dividends declared $ 2.21 $ 20,097 * Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights (Tables)

Financial Highlights (Tables)	12 Months Ended
Financial Highlights (Tables)	Feb. 29, 2024
Investment Company, Financial Highlights [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights as of and for the years ended February 29, 2024, February 28, 2023, February 28, 2022, February 28, 2021 and February 29, 2020: Per share data February 29, February 28, February 28, February 28, February 29, Net asset value at beginning of period $ 29.18 $ 29.33 $ 27.25 $ 27.13 $ 23.62 Net investment income(1) 4.49 2.94 1.74 2.07 1.59 Net realized and unrealized gain and losses on investments(1) (3.77 ) (0.75 ) 2.46 (0.74 ) 4.56 Realized losses on extinguishment of debt* (0.01 ) (0.13 ) (0.21 ) (0.01 ) (0.17 ) Net increase in net assets resulting from operations 0.71 2.06 3.99 1.32 5.98 Distributions declared from net investment income (2.82 ) (2.28 ) (1.93 ) (1.23 ) (2.21 ) Total distributions to stockholders (2.82 ) (2.28 ) (1.93 ) (1.23 ) (2.21 ) Issuance of common stock above net asset value(2) (0.40 ) (2.28 ) (1.93 ) (1.23 ) (2.21 ) Capital contribution from Manager for the issuance of common stock(8) 0.48 - - - - Repurchases of common stock(3) 0.03 0.17 0.01 0.13 - Dilution(4) (0.06 ) (0.10 ) - (0.10 ) (0.26 ) Net asset value at end of period $ 27.12 $ 29.18 $ 29.33 $ 27.25 $ 27.13 Net assets at end of period $ 370,224,108 $ 346,958,042 $ 355,780,523 $ 304,185,770 $ 304,286,853 Shares outstanding at end of period 13,653,476 11,890,500 12,131,350 11,161,416 11,217,545 Per share market value at end of period $ 23.61 $ 27.55 $ 27.47 $ 23.08 $ 22.91 Total return based on market value(5) -3.92 % 10.35 % 28.19 % 7.63 % 9.28 % Total return based on net asset value(6) 4.20 % 9.46 % 15.88 % 7.31 % 26.22 % Ratio/Supplemental data: Ratio of net investment income to average net assets 16.01 % 10.23 % 6.05 % 7.77 % 6.31 % Ratio of loss on extinguishment of debt to average net assets 0.03 % 0.46 % 0.74 % 0.04 % 0.67 % Expenses: Ratios of operating expenses and income taxes to average net assets* 8.59 % 7.71 % 6.48 % 6.90 % 6.10 % Ratio of incentive management fees to average net assets 2.26 % 1.47 % 3.58 % 1.65 % 6.01 % Ratio of interest and debt financing expenses to average net assets 13.84 % 9.73 % 6.03 % 4.56 % 6.23 % Ratio of total expenses and income taxes to average net assets* 24.70 % 18.91 % 16.09 % 13.11 % 18.34 % Portfolio turnover rate(7) 2.80 % 24.05 % 33.59 % 25.26 % 36.82 % Asset coverage ratio per unit(8) 1,610 1,659 2,092 3,471 6,071 Average market value per unit Revolving Credit Facility(9) N/A N/A N/A N/A N/A SBA Debentures Payable(9) N/A N/A N/A N/A N/A 6.75% Notes Payable 2023(10) N/A N/A N/A N/A N/A 8.75% Notes Payable 2025(9) N/A N/A N/A N/A N/A 6.25% Notes Payable 2025(11) N/A N/A N/A $ 24.24 $ 25.75 7.00% Notes Payable 2025(9) N/A N/A N/A N/A N/A 7.25% Notes Payable 2025(12) N/A N/A $ 26.18 25.77 N/A 7.75% Notes Payable 2025(9) N/A N/A N/A N/A N/A 4.375% Notes Payable 2026(9) N/A N/A N/A N/A N/A 4.35% Notes Payable 2027(9) N/A N/A N/A N/A N/A 6.00% Notes Payable 2027 $ 23.51 $ 23.97 N/A N/A N/A 6.25% Notes Payable 2027(9) N/A N/A N/A N/A N/A 8.00% Notes Payable 2027 $ 25.00 $ 25.08 N/A N/A N/A 8.125% Notes Payable 2027 $ 25.05 $ 25.10 N/A N/A N/A 8.50% Notes Payable 2028 $ 25.17 N/A N/A N/A N/A * Certain prior period amounts have been reclassified to conform to current period presentation. (1) Per share amounts are calculated using the weighted average shares outstanding during the period. (2) The continuous issuance of common stock may cause an incremental increase in NAV per share due to the sale of shares at the then prevailing public offering price and the receipt of net proceeds per share by the Company in excess of NAV per share on each subscription closing date. The per share data was derived by computing (i) the sum of (A) the number of shares issued in connection with subscriptions and/or distribution reinvestment on each share transaction date multiplied by (B) the differences between the net proceeds per share and the NAV per share on each share transaction date, divided by (ii) the total shares outstanding during the period. (3) Represents the anti-dilutive impact on the NAV of the Company due to the repurchase of common shares. (4) Represents the dilutive effect of issuing common stock below NAV per share during the period in connection with the satisfaction of the Company’s annual RIC distribution requirement and may include the impact of the different share amounts used for different items (weighted average basic common shares outstanding for the corresponding year and actual common shares outstanding at the end of the year) in the per common share data calculation and rounding impacts. See Note 13, Dividend. (5) 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 periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. (6) Total investment return is calculated assuming a purchase of common shares at the current NAV on the first day and a sale at the current NAV on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. (7) 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. (8) Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. Asset coverage ratio per unit does not include unfunded commitments. The inclusion of unfunded commitments in the calculation of the asset coverage ratio per unit would not cause us to be below the required amount of regulatory coverage. (9) The Revolving Credit Facility, SBA Debentures, 8.75 Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2026, 7.00% Notes Payable 2025 and 6.25% Notes Payable 2027 are not registered for public trading. (10) On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.5 million, respectively, in aggregate principal amount of the $74.5 million in aggregate principal amount of issued and outstanding 2023 Notes and are no longer listed on the NYSE. (11) On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes and, as a result of the full redemption, the 6.25% 2025 Notes are no longer listed on the NYSE. (12) On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE.

Selected Quarterly Data (Unau_2

Selected Quarterly Data (Unaudited) (Tables)	12 Months Ended
Selected Quarterly Data (Unaudited) (Tables)	Feb. 29, 2024
Selected Quarterly Data (Unaudited) [Abstract]
Schedule of selected quarterly data	2024 ($ in thousands, except per share numbers) Qtr 4 Qtr 3 Qtr 2 Qtr 1 Total investment income $ 37,233 $ 36,340 $ 35,514 $ 34,632 Net investment income $ 12,785 $ 14,166 $ 13,965 $ 15,959 Net realized and unrealized gain (loss) $ (7,478 ) $ (18,222 ) $ (5,959 ) $ (16,172 ) Realized losses on extinguishment of debt* $ - $ - $ (110 ) $ - Net increase in net assets resulting from operations $ 5,307 $ (4,056 ) $ 7,896 $ (213 ) Net investment income per common share $ 0.94 $ 1.09 $ 1.15 $ 1.35 Net realized and unrealized gain (loss) per common share $ (0.55 ) $ (1.40 ) $ (0.49 ) $ (1.36 ) Dividends declared per common share $ 0.72 $ 0.71 $ 0.70 $ 0.69 Net asset value per common share $ 27.12 $ 27.42 $ 28.44 $ 28.48 2023 ($ in thousands, except per share numbers) Qtr 4 Qtr 3 Qtr 2 Qtr 1 Total investment income $ 32,315 $ 26,257 $ 21,853 $ 18,679 Net investment income $ 9,650 $ 9,877 $ 7,698 $ 7,976 Net realized and unrealized gain (loss) $ 9,934 $ (3,863 ) $ (5,545 ) $ (9,464 ) Realized losses on extinguishment of debt* $ (382 ) $ - $ (1,205 ) $ - Net increase in net assets resulting from operations $ 19,202 $ 6,014 $ 948 $ (1,488 ) Net investment income per common share $ 0.81 $ 0.83 $ 0.64 $ 0.66 Net realized and unrealized gain (loss) per common share $ 0.81 $ (0.32 ) $ (0.46 ) $ (0.78 ) Dividends declared per common share $ 0.68 $ 0.54 $ 0.53 $ 0.53 Net asset value per common share $ 29.18 $ 28.25 $ 28.27 $ 28.69 2022 ($ in thousands, except per share numbers) Qtr 4 Qtr 3 Qtr 2 Qtr 1 Total investment income $ 18,980 $ 16,502 $ 18,442 $ 16,816 Net investment income $ 5,796 $ 5,197 $ 6,393 $ 2,556 Net realized and unrealized gain (loss) $ 2,725 $ 3,908 $ 3,101 $ 18,493 Realized losses on extinguishment of debt* $ (2,434 ) $ (118 ) $ (1,552 ) $ - Net increase in net assets resulting from operations $ 8,404 $ 8,340 $ 7,942 $ 21,049 Net investment income per common share $ 0.48 $ 0.45 $ 0.57 $ 0.23 Net realized and unrealized gain (loss) per common share $ 0.23 $ 0.34 $ 0.29 $ 1.66 Dividends declared per common share $ 0.53 $ 0.52 $ 0.44 $ 0.43 Net asset value per common share $ 29.33 $ 29.17 $ 28.97 $ 28.70 * Certain prior period amounts have been reclassified to conform to current period presentation.

Organization (Details)

Organization (Details) - USD ($) $ in Millions		12 Months Ended
Organization (Details) - USD ($) $ in Millions	Oct. 28, 2022	Feb. 29, 2024
Collateralized Loan Obligations [Member]
Organization (Details) [Line Items]
Issued of debt	$ 402.1
SBA Debentures [Member]
Organization (Details) [Line Items]
Maximum amount of outstanding SBA debentures		$ 350
Regulatory capital		175
SBA Debentures [Member] \| Minimum [Member]
Organization (Details) [Line Items]
Additional long-term capital		150
SBA Debentures [Member] \| Maximum [Member]
Organization (Details) [Line Items]
Additional long-term capital		$ 175

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Summary of Significant Accounting Policies (Details) [Line Items]
Non-accrual fair value (in Dollars)	$ 18.9	$ 9.8
Fair value percentage	1.70%	1%
Investment company taxable income	90%
Federal excise tax, percentage	4%
Net ordinary income, percentage	98%
Capital gain net income, percentage	98.20%
Percentage of federal excise tax on income	4%
Income tax excess (in Dollars)	$ 1.8	$ 1.1	$ 0.6
Aggregate declared distribution, percentage	20%
Cash declared distribution, percentage	20%
Minimum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Aggregate value in excess percentage	5%
Maximum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Aggregate value in excess percentage	10%
SLF JV [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Percentage of voting interest	50%
Cash and Cash Equivalents [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding voting shares percentage	3%
Control Investments [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding voting shares percentage	25%
Investment owned board representation percentage	50%
Affiliated Investments [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding voting shares percentage	5%
Affiliated Investments [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding voting shares percentage	25%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Reconciliation of Cash and Cash Equivalents and Cash and Cash Equivalents - USD ($)	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Schedule of Reconciliation of Cash and Cash Equivalents and Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 8,692,846	$ 65,746,494	$ 47,257,801
Cash and cash equivalents, reserve accounts	31,814,278	30,329,779	5,612,541
Total cash and cash equivalents and cash and cash equivalents, reserve accounts	$ 40,507,124	$ 96,076,273	$ 52,870,342

Investments (Details)

Investments (Details) - USD ($)									1 Months Ended		3 Months Ended							4 Months Ended	12 Months Ended
Investments (Details) - USD ($)	Feb. 28, 2023	Oct. 28, 2022	Feb. 28, 2022	Aug. 31, 2021	Aug. 11, 2021	Feb. 28, 2021	Feb. 26, 2021	Dec. 14, 2018	Dec. 31, 2018	Jan. 31, 2008	Feb. 29, 2024	Nov. 30, 2023	May 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Feb. 28, 2022	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022	Aug. 09, 2021
Investments (Details) [Line Items]
Description of valuation model rate																			●Default rate: 2.0% ● Recovery rate: 35%-70% ● Discount rate: 8.5%-22.0% ● Prepayment rate: 20.0% ● Reinvestment rate / price: S+365bps / $99.00
Fair value investment, Percentage																			5%
Cash contributions	$ 116,255,582							$ 500,000,000			$ 91,270,036			$ 116,255,582					$ 91,270,036	$ 116,255,582
Interest income																			400,000
Dividend income																			$ 5,900,000	0	$ 0
Purchased of fair value percentage																			87.50%
Aggregate fair value	828,028,800										1,019,774,616			828,028,800					$ 1,019,774,616	828,028,800
Legal maturity date								January 2030
Aggregate principal amount											8,900,000								8,900,000
Additional investments							$ 14,000,000
Transaction of refinancing and upsizing cost paid							2,600,000
Outstanding receivable				$ 2,600,000
Realized loss											2,328	$ 60,565	$ 90,691	80,683	$ (740,434)	$ 7,943,838	$ 162,509		$ 153,583	7,446,596	13,398,327
Percentage owned and managed																			100%
Percentage of management fee																			0.10%
Percentage subordinated management fee																			0.40%
Percentage of excess cash flow																			20%
Percentage of internal rate in greater																			12%
Management fee income																			$ 3,270,232	3,269,820	3,262,591
Investment principal balance	645,600,000										640,800,000			645,600,000					$ 640,800,000	$ 645,600,000
Weighted average spread percentage																			3.80%	3.80%
Debt principal balance																			$ 611,000,000	$ 611,000,000
Percentage of debt weighted average spread																			2.20%	2.20%
Cash flows of the subordinated notes											$ 9,500,000								$ 9,500,000
Discount rate											22%								22%
Total investment	966,489,357										$ 1,179,783,737			966,489,357					$ 1,179,783,737	$ 966,489,357
Management fees																			19,212,337	16,423,960	11,901,729
Incentive fees																			13,000,000	6,800,000	6,400,000
Fair value investment	972,590,253										1,138,793,789			972,590,253					1,138,793,789	972,590,253
Future cash flow amount																				$ 21,200,000
Discount rate																				22%
Maximum [Member]
Investments (Details) [Line Items]
Aggregate principal amount								$ 500,000,000
Minimum [Member]
Investments (Details) [Line Items]
Aggregate principal amount								300,000,000
The Class F-R-3 Notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount							17,900,000
The Class F-R-2 Notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount							2,500,000
The Class G-R-2 Notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount							7,500,000
The CLO 2013-1 [Member]
Investments (Details) [Line Items]
Aggregate principal amount							25,000,000
Class F-R-3 Note [Member]
Investments (Details) [Line Items]
Notes exchanged																						$ 17,900,000
The Class F-1-R-3 Notes [Member]
Investments (Details) [Line Items]
Notes exchanged																						8,500,000
Realized loss					$ 100,000
The Class F-2-R-3 Notes [Member]
Investments (Details) [Line Items]
Notes exchanged																						$ 9,400,000
The subordinated notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount											9,500,000								9,500,000
Fair value investment	21,200,000													21,200,000						$ 21,200,000
Class E [Member]
Investments (Details) [Line Items]
Purchased of fair value percentage		87.50%
Purchased of fair value per value		$ 12,250,000
Aggregate fair value	11,400,000										12,300,000			11,400,000					12,300,000	11,400,000
TJHA [Member]
Investments (Details) [Line Items]
Cash contributions											6,250,000								6,250,000
Unsecured debt											17,600,000								17,600,000
Membership interest											$ 17,600,000								$ 17,600,000
Unsecured note																				17,600,000
Membership interest	17,600,000													17,600,000						17,600,000
TJHA [Member] \| Maximum [Member]
Investments (Details) [Line Items]
Ownership percentage											87.50%								87.50%
TJHA [Member] \| Minimum [Member]
Investments (Details) [Line Items]
Ownership percentage											12.50%								12.50%
Voting Interest in SLF JV [Member]
Investments (Details) [Line Items]
Ownership percentage											50%								50%
Saratoga CLO [Member]
Investments (Details) [Line Items]
Cash contributions								$ 300,000,000
Interest income																			$ 0	1,200,000	4,900,000
Management fee income										$ 30,000,000									3,300,000	3,300,000	$ 3,300,000
Total investment						$ 14,000,000			$ 13,800,000	57,800,000	$ 57,800,000								57,800,000
Additional investments						$ 14,000,000			$ 13,800,000	$ 30,000,000
Received distributions																			84,600,000
Management fees																			35,100,000
Incentive fees																			1,200,000
Fair value investment	8,800,000													8,800,000						8,800,000
Distribution amount received																				77,700,000
Incentive fee income																				1,200,000
Saratoga CLO [Member] \| Maximum [Member]
Investments (Details) [Line Items]
Cash contributions							650,000,000
Saratoga CLO [Member] \| Minimum [Member]
Investments (Details) [Line Items]
Cash contributions							$ 500,000,000
C L O [Member] \| The subordinated notes [Member]
Investments (Details) [Line Items]
Management fee income																				31,900,000
SLF JV [Member]
Investments (Details) [Line Items]
Cash contributions											$ 50,000,000								$ 50,000,000
Fixed interest rate											10%								10%
Unsecured debt											$ 2,500,000								$ 2,500,000
Membership interest											2,500,000								2,500,000
Unsecured note																				2,500,000
Membership interest	2,500,000													2,500,000						2,500,000
Investment unsecured note	17,600,000										15,800,000			17,600,000					15,800,000	17,600,000
Interest income	1,500,000		$ 100,000															$ 100,000	$ 1,800,000	1,500,000
Unsecured percentage																			7%
Collateralized loan obligation trust		$ 402,100,000
SLF JV [Member] \| TJHA [Member]
Investments (Details) [Line Items]
Membership interest	$ 13,100,000										9,400,000			$ 13,100,000					$ 9,400,000	13,100,000
SLF JV One [Member]
Investments (Details) [Line Items]
Cash contributions											$ 43,750,000								43,750,000
Interest income			$ 100,000																$ 200,000	$ 400,000

Investments (Details) - Schedul

Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class - USD ($)		12 Months Ended
		Feb. 29, 2024	Feb. 28, 2023
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans		$ 976,423	$ 798,534
Second lien term loans		18,097	14,936
Unsecured loans		15,818	20,661
Structured finance securities		30,626	41,362
Equity interests		97,830	97,097
Total		1,138,794	972,590
Level 1 [Member]
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans
Second lien term loans
Unsecured loans
Structured finance securities
Equity interests
Total
Level 2 [Member]
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans
Second lien term loans
Unsecured loans
Structured finance securities
Equity interests
Total
Level 3 [Member]
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans		976,423	798,534
Second lien term loans		18,097	14,936
Unsecured loans		15,818	20,661
Structured finance securities		30,626	41,362
Equity interests		88,426	83,990
Total		1,129,390	959,483
Valued Using Net Asset Value [Member]
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans	[1]
Second lien term loans	[1]
Unsecured loans	[1]
Structured finance securities	[1]
Equity interests	[1]	9,404	13,107
Total	[1]	$ 9,404	$ 13,107

[1]The Company’s equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy.

Investments (Details) - Sched_2

Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments - USD ($)	12 Months Ended		24 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 27, 2023
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance		$ 805,551
Payment-in-kind and other adjustments to cost	$ (4,910)		$ (1,882)
Net accretion of discount on investments	2,221		1,817
Net change in unrealized appreciation (depreciation) on investments	(43,388)		(11,851)
Purchases	246,101		380,616
Sales and repayments	(30,271)		(222,215)
Net realized gain (loss) from investments	154		7,447
Ending Balance	1,129,390		959,483
Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year	(40,109)	(10,254)
First lien term loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance		631,572
Payment-in-kind and other adjustments to cost	1,479		391
Net accretion of discount on investments	2,215		1,831
Net change in unrealized appreciation (depreciation) on investments	(33,325)		(10,465)
Purchases	234,408		345,955
Sales and repayments	(26,888)		(170,913)
Net realized gain (loss) from investments			163
Ending Balance	976,423		798,534
Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year	(33,307)	(10,575)
Second lien term loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance		44,386
Payment-in-kind and other adjustments to cost	848		283
Net accretion of discount on investments	6		(14)
Net change in unrealized appreciation (depreciation) on investments	2,307		(703)
Purchases			4,950
Sales and repayments			(33,966)
Net realized gain (loss) from investments
Ending Balance	18,097		14,936
Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year	2,307	(892)
Unsecured term loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance		15,931
Payment-in-kind and other adjustments to cost			238
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	(1,460)		(167)
Purchases			4,659
Sales and repayments	(3,383)
Net realized gain (loss) from investments
Ending Balance	15,818		20,661
Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year	1,801	(167)
Structured finance securities [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance		38,030
Payment-in-kind and other adjustments to cost	(6,941)		(3,329)
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	(3,795)		(4,731)
Purchases			11,392
Sales and repayments
Net realized gain (loss) from investments
Ending Balance	30,626		41,362
Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year	(3,795)	(4,731)
Equity interests [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance		75,632
Payment-in-kind and other adjustments to cost	(296)		535
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	(7,115)		4,215
Purchases	11,693		13,660
Sales and repayments			(17,336)
Net realized gain (loss) from investments	154		7,284
Ending Balance	88,426		$ 83,990
Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the year	$ (7,115)	$ 6,111

Investments (Details) - Sched_3

Investments (Details) - Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements of Assets - USD ($)		12 Months Ended
		Feb. 29, 2024	Feb. 28, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 1,129,390	$ 959,483
First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 976,423	$ 798,534
Valuation Technique		Market Comparables	Market Comparables
Unobservable Input		Market Yield (%)	Market Yield (%)
Weighted Average	[1]	13.0%
Range			10.5% - 23.1%
First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Revenue Multiples (x)	Revenue Multiples (x)
Weighted Average	[1]	6.6x
Range			4.1x
First lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		EBITDA Multiples (x)	EBITDA Multiples (x)
Weighted Average	[1]	5.6x
Range			8.0x
Third-party bid 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Third-party bid (x)
Weighted Average	[1]	4.0x
Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 18,097	$ 14,936
Valuation Technique		Market Comparables	Market Comparables
Unobservable Input		Market Yield (%)	Market Yield (%)
Weighted Average	[1]	25.5%
Range			15.6% - 61.8%
Second lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		EBITDA Multiples (x)
Weighted Average	[1]	7.0x
Range		7.0x
Third-party bid 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Third-party bid (x)
Weighted Average	[1]	29.7x
Range		29.7x
Unsecured Term Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 15,818	$ 20,661
Valuation Technique		Discounted Cash Flow	Market Comparables
Unobservable Input		Discount Rate (%)	Market Yield (%)
Weighted Average	[1]	10.5%
Range		10.5%	10.0% - 28.8%
Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 30,626	$ 41,362
Valuation Technique		Discounted Cash Flow	Discounted Cash Flow
Unobservable Input		Discount Rate (%)	Discount Rate (%)
Weighted Average	[1]	15.1%
Range			12.0% - 22.0%
Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Recovery Rate (%)	Recovery Rate (%)
Weighted Average	[1]	70.0%
Range			35.0% - 70.0%
Structured finance securities 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Prepayment Rate (%)	Prepayment Rate (%)
Weighted Average	[1]	20.0%
Range		20.0%	20.0%
Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 88,426	$ 83,990
Valuation Technique		Enterprise Value Waterfall	Enterprise Value Waterfall
Unobservable Input		EBITDA Multiples (x)	EBITDA Multiples (x)
Weighted Average	[1]	10.4x
Range			5.5x - 28.6x
Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Revenue Multiples (x)	Revenue Multiples (x)
Weighted Average	[1]	6.3x
Range			1.3x - 11.2x
Third-party bid 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Third-party bid (x)
Weighted Average	[1]	3.9x
Range		3.9x
Unsecured term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation Technique			Market Comparables
Unobservable Input			Market Quote (%)
Range			100.0%
Unsecured term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation Technique			Collateral Value Coverage
Unobservable Input			Net Asset Value (%)
Range			100.0%
Minimum [Member] \| First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		12.8%
Range		10.6%
Minimum [Member] \| First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		4.1x
Range		4.6x
Minimum [Member] \| First lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		8.0x
Range		5.0x
Minimum [Member] \| Third-party bid 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		3.9x
Minimum [Member] \| Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		45.8%
Range		19.0%
Minimum [Member] \| Unsecured Term Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		12.6%
Minimum [Member] \| Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		17.6%
Range		8.5%
Minimum [Member] \| Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		70.0%
Range		35.0%
Minimum [Member] \| Structured finance securities 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		20.0%
Minimum [Member] \| Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		11.0x
Range		4.7x
Minimum [Member] \| Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		6.4x
Range		1.3x
Minimum [Member] \| Unsecured term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		100%
Minimum [Member] \| Unsecured term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]		100%
Maximum [Member] \| First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		17.2%
Maximum [Member] \| First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		9.4x
Maximum [Member] \| First lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		6.0x
Maximum [Member] \| Third-party bid 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		4.2x
Maximum [Member] \| Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		28.3%
Maximum [Member] \| Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		22.0%
Maximum [Member] \| Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		70.0%
Maximum [Member] \| Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		20.4x
Maximum [Member] \| Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		10.4x

[1]The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input, excluding the recovery rate for Structured finance securities.

Investments (Details) - Sched_4

Investments (Details) - Schedule of Amortized Cost and Fair Value - USD ($)	Feb. 29, 2024	Feb. 28, 2023
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 1,179,784	$ 966,489
Amortized Cost Percentage of Total Portfolio	100%	100%
Investments at Fair Value	$ 1,138,794	$ 972,590
Fair Value Percentage of Total Portfolio	100%	100%
First lien term loans [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 1,019,678	$ 808,464
Amortized Cost Percentage of Total Portfolio	86.40%	83.70%
Investments at Fair Value	$ 976,423	$ 798,534
Fair Value Percentage of Total Portfolio	85.70%	82.10%
Second lien term loans [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 21,968	$ 21,114
Amortized Cost Percentage of Total Portfolio	1.90%	2.20%
Investments at Fair Value	$ 18,097	$ 14,936
Fair Value Percentage of Total Portfolio	1.60%	1.50%
Unsecured term loans [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 17,619	$ 21,001
Amortized Cost Percentage of Total Portfolio	1.50%	2.20%
Investments at Fair Value	$ 15,818	$ 20,661
Fair Value Percentage of Total Portfolio	1.40%	2.10%
Structured finance securities [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 42,769	$ 49,711
Amortized Cost Percentage of Total Portfolio	3.60%	5.10%
Investments at Fair Value	$ 30,626	$ 41,362
Fair Value Percentage of Total Portfolio	2.70%	4.30%
Equity interests [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 77,750	$ 66,199
Amortized Cost Percentage of Total Portfolio	6.60%	6.80%
Investments at Fair Value	$ 97,830	$ 97,097
Fair Value Percentage of Total Portfolio	8.60%	10%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Income Taxes [Line Items]
Percentage of investment of taxable income	90%
Net unrealized depreciation	$ 39,700,000	$ 15,500,000
Cost of securities for federal income tax purposes	1,800,000,000	1,600,000,000
Short-term capital loss	0
Long-term capital loss	$ 19,900,000
Net long-term capital losses		$ 1,600,000
Percentage of U.S. federal excise tax	4%
Percentage of ordinary income	98%	98%
Percentage of capital gains	98.20%	98.20%
Accrued U.S. federal excise taxes	$ 1,800,000	$ 1,100,000
Owned percentage	100%
Current tax receivable	$ 99,676	436,551
U.S. federal tax percentage	21%
Deferred tax assets	$ 2,500,000
Deferred tax expense	900,000	1,700,000	$ (700,000)
Operating expense	40,000	$ 200,000	$ 0
Federal net operating loss carryforwards
Federal operating loss carryforwards	30,000
Operating loss carryforwards	6,200,000
State operating loss carryforwards	$ 2.5
U.S. federal statutory rate	21%
Saratoga CLO [Member]
Income Taxes [Line Items]
Percentage of voting interest	100%
SIA-VR, Inc. [Member]
Income Taxes [Line Items]
Current tax receivable	$ 0
SIA-TT, Inc. [Member]
Income Taxes [Line Items]
Current tax receivable	10,000
SIA-VR, Inc. One [Member]
Income Taxes [Line Items]
Current tax receivable	$ 90,000

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of U.S. Federal Excise and Capital Gains Tax and Worthless Securities Losses - USD ($) $ in Thousands	Feb. 29, 2024	Feb. 28, 2023
Schedule of US Federal Excise and Capital Gains Tax and Worthless Securities Losses [Abstract]
Capital in excess of par value	$ (779)	$ 16
Total distributable earnings (loss)	$ 779	$ (16)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Tax Character of Distributions Paid - USD ($) $ in Thousands	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Schedule Of Tax Character Of Distributions Paid Abstract
Ordinary income	$ 35,636	$ 27,313	$ 22,033
Capital gains
Total	$ 35,636	$ 27,313	$ 22,033

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of Components of Accumulated Losses on a Tax Basis - USD ($) $ in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Components of Accumulated Losses on a Tax Basis [Abstract]
Post October loss deferred
Accumulated capital losses	(19,900)	(1,580)
Other temporary differences	6,855	1,971
Undistributed Long Term Gain
Undistributed ordinary income	46,215	19,771
Unrealized appreciation (depreciation)	(39,685)	(15,500)
Total components of accumulated losses	$ (6,515)	$ 4,662

Income Taxes (Details) - Sche_4

Income Taxes (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	Feb. 29, 2024	Feb. 28, 2023
Schedule of Deferred Tax Assets and Liabilities [Abstract]
Total deferred tax assets	$ 2,650,580	$ 2,542,373
Total deferred tax liabilities	(3,901,995)	(3,008,829)
Valuation allowance on net deferred tax assets	(2,539,735)	(2,350,116)
Net deferred tax liability	$ (3,791,150)	$ (2,816,572)

Income Taxes (Details) - Sche_5

Income Taxes (Details) - Schedule of Federal and State Income Tax Provisions Benefit - USD ($)	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Current
Federal		$ (473,475)	$ 2,498,515
State		(80,273)	327,021
Net current expense		(553,748)	2,825,536
Deferred
Federal	990,920	1,467,975	(444,628)
State	(16,343)	99,582	(227,737)
Net deferred expense	974,577	1,567,557	(672,365)
Net tax provision	$ 974,577	$ 1,013,809	$ 2,153,171

Agreements and Related Party _2

Agreements and Related Party Transactions (Details) - USD ($)							1 Months Ended			3 Months Ended							4 Months Ended	12 Months Ended
	Feb. 29, 2024	Aug. 01, 2023	Jul. 06, 2023	Feb. 28, 2023	Feb. 28, 2022	Aug. 11, 2021	Feb. 26, 2021	Jul. 30, 2010	May 31, 2010	Feb. 29, 2024	Nov. 30, 2023	May 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Feb. 28, 2022	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022	Oct. 28, 2022	Oct. 26, 2022	Nov. 30, 2021	Aug. 09, 2021	Dec. 14, 2018	Jul. 13, 2018
Agreements and Related Party Transactions [Line Items]
Management agreement																		2 years
Management fee, description																		The base management fee of 1.75% per year is calculated based on the average value of our gross assets (other than cash or cash equivalents, but including assets purchased with borrowed funds) at the end of the two most recently completed fiscal quarters.
Net investment income percentage																		20%
Quarterly hurdle rate measured																		1.875%
Incentive fee description																		Under this provision, in any fiscal quarter, the Manager receives no incentive fee unless our pre-incentive fee net investment income exceeds the hurdle rate of 1.875%. The Manager will receive 100% of pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than or equal to 2.344% in any fiscal quarter; and 20% of the amount of our pre-incentive fee net investment income, if any, that exceeds 2.344% in any fiscal quarter.
Incentive fee capital gains percentage									20%
Management fee																		$ 19,200,000	$ 16,400,000	$ 11,900,000
Incentive fees																		13,000,000	6,800,000	6,400,000
Incentive fees capital																		(8,300,000)	1,800,000	5,500,000
Reimbursement of expenses																		3,900,000
Administrator expenses																		500,000	1,000
Upsized from assets	$ 91,270,036			$ 116,255,582						$ 91,270,036			$ 116,255,582					91,270,036	116,255,582						$ 500,000,000
Aggregate principal amount																					$ 402,100,000
Repaid loan	1,400,000																	4,500,000
Net realized loss from investments										2,328	$ 60,565	$ 90,691	80,683	$ (740,434)	$ 7,943,838	$ 162,509		153,583	7,446,596	13,398,327
Investment fair value	9,500,000			21,200,000						9,500,000			21,200,000					9,500,000	21,200,000
Interest income																		$ 400,000
Voting interest percentage																						50%
Share percentage																		87.50%
Price per share (in Dollars per share)																										$ 25
Maximum [Member]
Agreements and Related Party Transactions [Line Items]
Management fee																		$ 5,000,000
Incentive fees accrual																			7,900,000
Membership interest																			13,100,000
Minimum [Member]
Agreements and Related Party Transactions [Line Items]
Management fee																			4,300,000
Incentive fees accrual																		3,200,000
Membership interest																		9,400,000
Unsecured Loan [Member] \| Maximum [Member]
Agreements and Related Party Transactions [Line Items]
Unsecured loan				17,600,000									17,600,000						17,600,000
Unsecured Loan [Member] \| Minimum [Member]
Agreements and Related Party Transactions [Line Items]
Unsecured loan	15,800,000									15,800,000								15,800,000
Membership Interest [Member] \| Fair Value [Member]
Agreements and Related Party Transactions [Line Items]
Investment fair value				30,700,000									30,700,000						30,700,000
Warehouse [Member]
Agreements and Related Party Transactions [Line Items]
Repaid loan							$ 25,000,000
Management Agreement [Member]
Agreements and Related Party Transactions [Line Items]
Incentive fee capital gains percentage									20%
Administration Agreement [Member]
Agreements and Related Party Transactions [Line Items]
Expenses payable								$ 1,000,000
Reimbursement of expenses																			3,200,000	2,900,000
Administration Agreement [Member] \| Maximum [Member]
Agreements and Related Party Transactions [Line Items]
Reimbursement of expenses		$ 4,300,000
Administration Agreement [Member] \| Minimum [Member]
Agreements and Related Party Transactions [Line Items]
Reimbursement of expenses			$ 3,275,000
Class F-R-3 Notes [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount																								$ 17,900,000
Class F-1-R-3 Notes [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount																								8,500,000
Net realized loss from investments						$ 100,000
Class F-2-R-3 Notes [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount																								$ 9,400,000
SLF JV One [Member]
Agreements and Related Party Transactions [Line Items]
Upsized from assets	43,750,000									43,750,000								43,750,000
Interest income					$ 100,000													200,000	400,000
SLF JV One [Member] \| Interest Receivable [Member]
Agreements and Related Party Transactions [Line Items]
Interest income																		300,000
SLF JV [Member]
Agreements and Related Party Transactions [Line Items]
Upsized from assets	50,000,000									50,000,000								50,000,000
Interest income				1,500,000	100,000												$ 100,000	1,800,000	1,500,000
Unsecured loan	$ 2,500,000									$ 2,500,000								2,500,000
Dividend Income, Operating				0	$ 0													$ 5,900,000
Price per share (in Dollars per share)	$ 12,250,000									$ 12,250,000								$ 12,250,000
Saratoga CLO [Member]
Agreements and Related Party Transactions [Line Items]
Management fee																		$ 3,300,000	3,300,000	3,300,000
Incentive fees																		1,200,000
Upsized from assets																									$ 300,000,000
Newly issued subordinated notes							14,000,000
Transaction cost paid							2,600,000
Outstanding receivable amount																							$ 2,600,000
Interest income																		0	1,200,000	4,900,000
Saratoga CLO [Member] \| Maximum [Member]
Agreements and Related Party Transactions [Line Items]
Upsized from assets							650,000,000
Saratoga CLO [Member] \| Minimum [Member]
Agreements and Related Party Transactions [Line Items]
Upsized from assets							500,000,000
Saratoga CLO [Member] \| Subordinated Note [Member]
Agreements and Related Party Transactions [Line Items]
Interest income																		0	1,200,000	4,400,000
Saratoga CLO [Member] \| Class F-2-R-3 Notes [Member]
Agreements and Related Party Transactions [Line Items]
Investment fair value	$ 8,900,000			$ 8,800,000						$ 8,900,000			$ 8,800,000					8,900,000	8,800,000
Interest income																		1,500,000	$ 1,200,000	$ 500,000
Class F-R-3 Notes Tranche [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount							17,900,000
Class F-R-2 Notes Tranche [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount							2,500,000
Class G-R-2 Notes Tranche [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount							$ 7,500,000
SLF JV [Member] \| Fair Value [Member]
Agreements and Related Party Transactions [Line Items]
Investment fair value	$ 25,200,000									$ 25,200,000								$ 25,200,000

Borrowings (Details) - Details

Borrowings (Details) - Details 1 - USD ($)

1 Months Ended

3 Months Ended

12 Months Ended

Oct. 04, 2021

Mar. 10, 2021

Feb. 05, 2019

Apr. 11, 2007

Jan. 27, 2023

Apr. 16, 2019

Aug. 28, 2018

Mar. 23, 2018

Aug. 31, 2023

Feb. 28, 2023

Aug. 31, 2022

Feb. 29, 2024

Feb. 28, 2023

Feb. 28, 2022

Oct. 28, 2022

Aug. 31, 2021

Jul. 30, 2010

May 01, 2007

Borrowings [Line Items]

Employ leverage, percentage

200%

Asset coverage ratio

161.10%

165.90%

Interest rate, description

The Revolving Credit Facility, SBA Debentures, 8.75 Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2026, 7.00% Notes Payable 2025 and 6.25% Notes Payable 2027 are not registered for public trading.

Loss on the extinguishment of debt

$ (110,056)

$ (382,274)

$ (1,204,809)

$ (110,056)

$ (1,587,083)

$ (2,434,410)

Securitized credit facility

$ 32,500,000

35,000,000

32,500,000

Administrative agent fee

3,872,917

3,160,417

2,906,250

Financing costs

$ 4,694,711

10,135,986

10,008,424

Outstanding percentage rate

50%

Line of credit facility current borrowing capacity

$ 50,000,000

Line of credit facility maximum borrowing capacity

25,000,000

Aggregate principal amount

$ 402,100,000

Net income taxes

$ 748,721

$ 2,770,984

$ 1,355,083

Investment percentage

25%

Borrowing amount

$ 350,000,000

Average interest rate

3.08%

2.78%

2.60%

Underwriting commissions

$ 2,149,751

$ 3,585,061

$ 4,307,647

Aggregate principal amount percentage

7.25%

6.25%

Minimum [Member]

Borrowings [Line Items]

Asset coverage ratio

150%

Encina credit facility

$ 12,500,000

0redit Facility Rate

3.50%

Maximum [Member]

Borrowings [Line Items]

Encina credit facility

25,000,000

0redit Facility Rate

4.25%

Smaller Enterprise [Member]

Borrowings [Line Items]

Tangible net

$ 6,000,000

Net income taxes

2,000,000

SBIC Subsidiaries [Member]

Borrowings [Line Items]

Tangible net

24,000,000

Net income taxes

8,000,000

SBA Debentures [Member]

Borrowings [Line Items]

Amortization of deferred financing cost

1,000,000

$ 1,000,000

700,000

SBA Debentures [Member] | Minimum [Member]

Borrowings [Line Items]

Additional long-term capital

150,000,000

SBA Debentures [Member] | Maximum [Member]

Borrowings [Line Items]

Additional long-term capital

175,000,000

6.25% 2025 Notes [Member]

Borrowings [Line Items]

Aggregate principal amount

$ 20,000,000

$ 60,000,000

Borrowing note, description

Offering costs incurred were approximately $0.2 million. The issuance included
the full exercise of the underwriters’ option to purchase an additional $2.5 million in aggregate principal amount of 6.25% 2025
Notes within 30 days. The additional 6.25% 2025 Notes were treated as a single series with the existing 6.25% 2025 Notes under the indenture
and have the same terms as the existing 6.25% 2025 Notes. The net proceeds from this offering were used for general corporate purposes
in accordance with the Company’s investment objective and strategies. The financing costs and discount of $1.0 million related to
the 6.25% 2025 Notes have been capitalized and were amortized over the term of the 6.25% 2025 Notes.

the Company issued $40.0 million
in aggregate principal amount of 6.25% fixed-rate notes due 2025 (the “6.25% 2025 Notes”) for net proceeds of $38.7 million
after deducting underwriting commissions of approximately $1.3 million. Offering costs incurred were approximately $0.3 million.
The issuance included the full exercise of the underwriters’ option to purchase an additional $5.0 million in aggregate principal
amount of 6.25% 2025 Notes within 30 days. The net proceeds from the offering were used for general corporate purposes in accordance with
the Company’s investment objective and strategies. Financing costs of $1.6 million related to the 6.25% 2025 Notes have been capitalized
and were amortized over the term of the 6.25% 2025 Notes.

Net proceeds

$ 19,200,000

Underwriting commissions

600,000

Discount amount

$ 200,000

Aggregate principal amount percentage

6.25%

Loss on extinguishment of debt

$ 1,500,000

7.25% 2025 Notes [Member]

Borrowings [Line Items]

Principal amount, percentage

6.25%

Aggregate principal amount percentage

6.25%

Level 3 [Member]

Borrowings [Line Items]

Debt instrument, description

The carrying amount of the amount outstanding of SBA
debentures approximates its fair value, which is based on a waterfall analysis showing adequate collateral coverage and would be classified
as a Level 3 liability within the fair value hierarchy. Financing costs of $5.0 million, $6.0, and $0.4 million related to the SBA debentures
issued by SBIC LP, SBIC II LP and SBIC III LP, respectively, have been capitalized and are being amortized over the term of the commitment
and drawdown. During the year ended February 29, 2024, the Company repaid $27.0 million of SBA debentures, resulting in a realized loss
on extinguishment of $0.1 million related to the acceleration of deferred debt financing costs.

Credit Facility [Member]

Borrowings [Line Items]

Asset coverage ratio

150%

Securitized credit facility

$ 100,000,000

$ 25,700,000

Credit Facility [Member] | SBA Debentures [Member]

Borrowings [Line Items]

Outstanding borrowings

$ 202,500,000

$ 229,900,000

Madison Credit Facility [Member]

Borrowings [Line Items]

Senior secured revolving

$ 45,000,000

Credit facility, desciption

On October 4, 2021, all outstanding amounts on
the Madison Credit Facility were repaid and the Madison Credit Facility was terminated.

Loss on the extinguishment of debt

800,000

Encina Credit Facility [Member]

Borrowings [Line Items]

Securitized credit facility

$ 50,000,000

0redit Facility Rate

Benchmark rate

0.75%

Credit facility balance, description

●increase the borrowings available under the Encina Credit Facility from up to $50.0 million to up to $65.0 million;

●
change the underlying benchmark used to compute interest under the Encina Credit Agreement from LIBOR to Term SOFR for a one-month tenor plus a 0.10% credit spread adjustment;

●
increase the applicable effective margin rate on borrowings from 4.00% to 4.25%;

●
extend the revolving period from October 4, 2024 to January 27, 2026;

●
extend the period during which the borrower may request one or more increases in the borrowings available under the Encina Credit Facility (each such increase, a “Facility Increase”) from October 4, 2023 to January 27, 2025, and increased the maximum borrowings available pursuant to the Encina Facility Increase from $75.0 million to $150.0 million;

●
revise the eligibility criteria for eligible collateral loans to exclude certain industries in which an obligor or related guarantor may be involved; and

●
amend the provisions permitting the borrower to request an extension
in the Commitment Termination Date (as defined in the Encina Credit Agreement) to allow requests to extend any applicable Commitment Termination
Date, rather than a one-time request to extend the original Commitment Termination Date, subject to a notice requirement.

Administrative agent fee

$ 100,000

Outstanding borrowings

35,000,000

32,500,000

Financing costs

2,000,000

Interest expense

3,900,000

2,000,000

800,000

Amortization of deferred financing cost

$ 500,000

500,000

300,000

Line of credit facility, borrowing capacity, description

Availability on the Encina Credit Facility will be subject to a borrowing base calculation, based
on, among other things, applicable advance rates (which vary from 50.0% to 75.0% of par or fair value depending on the type of loan asset)
and the value of certain “eligible” loan assets included as part of the borrowing base. Funds may be borrowed at the greater
of the prevailing one-month SOFR rate, plus an applicable effective margin of 4.25%. In addition, the Company will pay the lender a commitment
fee of 0.75% per year (or 0.50% if the ratio of advances outstanding to aggregate commitments is greater than or equal to 50%) on the
unused amount of the Encina Credit Facility.

Line of credit facility current borrowing capacity

$ 35,000,000

Line of credit facility maximum borrowing capacity

65,000,000

Encina Credit Facility and the Madison Credit Facility [Member]

Borrowings [Line Items]

Outstanding borrowings

$ 26,300,000

$ 8,700,000

Outstanding percentage rate

5.22%

6.72%

5.22%

LIBOR [Member] | Credit Facility [Member]

Borrowings [Line Items]

Interest rate, description

Under the Revolving Facility, funds were borrowed from or through
certain lenders and interest was payable monthly at the greater of the commercial paper rate and our lender’s prime rate plus 4.00%
plus a default rate of 2.00% or, if the commercial paper market was unavailable, the greater of the prevailing LIBOR rates and our lender’s
prime rate plus 6.00% plus a default rate of 3.00%.

Encina Credit Facility [Member]

Borrowings [Line Items]

Encina credit facility percentage

50%

Outstanding borrowings

$ 37,900,000

Outstanding percentage rate

9.66%

SBIC LP [Member]

Borrowings [Line Items]

Aggregate principal amount

$ 350,000,000

1940 Act [Member]

Borrowings [Line Items]

Employ leverage, percentage

150%

SBIC LP [Member]

Borrowings [Line Items]

Additional long-term capital

$ 150,000,000

SBIC Subsidiaries [Member]

Borrowings [Line Items]

Additional long-term capital

175,000,000

SBA Debentures [Member]

Borrowings [Line Items]

Outstanding borrowings

$ 202,000,000

Debentures outstanding amount

214,000,000

Interest expense

6,200,000

$ 6,400,000

$ 4,700,000

SBA Debentures [Member] | Maximum [Member]

Borrowings [Line Items]

Aggregate total of equity capital amount

$ 214,000,000

SBA Debentures [Member] | SBIC Subsidiaries [Member]

Borrowings [Line Items]

Debt instrument, description

The Company’s wholly owned SBIC Subsidiaries
are able to borrow funds from the SBA against each SBIC’s regulatory capital (which generally approximates equity capital in the
respective SBIC).

SBIC II LP [Member]

Borrowings [Line Items]

Aggregate total of equity capital amount

$ 87,500,000

Debentures outstanding amount

175,000,000

SBIC III LP [Member]

Borrowings [Line Items]

Aggregate total of equity capital amount

66,700,000

Debentures outstanding amount

$ 39,000,000

Borrowings (Details) - Detail_2

Borrowings (Details) - Details 2 - USD ($)																		1 Months Ended	3 Months Ended			12 Months Ended
Borrowings (Details) - Details 2 - USD ($)	Dec. 21, 2022	Dec. 13, 2022	Nov. 10, 2022	Oct. 27, 2022	Sep. 08, 2022	Aug. 15, 2022	Jul. 14, 2022	May 10, 2022	Apr. 27, 2022	Jan. 19, 2022	Jul. 15, 2021	Mar. 10, 2021	Jan. 28, 2021	Dec. 29, 2020	Jul. 09, 2020	Jul. 06, 2020	Jul. 13, 2018	Jun. 24, 2020	Aug. 31, 2023	Feb. 28, 2023	Aug. 31, 2022	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022	Oct. 28, 2022	Aug. 31, 2021
Borrowings [Line Items]
Aggregate principal amount																									$ 402,100,000
Aggregate principal amount percentage																				7.25%		7.25%	7.25%			6.25%
Loss on the extinguishment of debt																			$ (110,056)	$ (382,274)	$ (1,204,809)	$ (110,056)	$ (1,587,083)	$ (2,434,410)
Financing costs																						4,694,711	10,135,986	$ 10,008,424
Fair value																						5,000,000
Offering costs incurred				$ 200,000						$ 300,000
Carrying amount outstanding																				$ 175,000,000			175,000,000
Incurred offering costs				200,000						300,000
Fair value																						67,800,000
Underwriting commissions																	$ 1,150,000
Maximum [Member]
Borrowings [Line Items]
Deferred financing costs																						$ 800,000	800,000
8.00% 2027 Notes [Member]
Borrowings [Line Items]
Trading symbol per share (in Dollars per share)																						$ 25
Outstanding																						$ 46,000,000
7.25% 2025 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount percentage							7.25%
Repayment realized loss percentage							7.25%
Loss on the extinguishment of debt							$ 1,000,000
Deferred financing costs																						$ 0	$ 1,200,000
Par value, per share (in Dollars per share)																						$ 25
Notes one [Member]
Borrowings [Line Items]
Aggregate principal amount																		$ 37,500,000				$ 74,450,000
Principal amount, percentage																		7.25%
Aggregate principal amount percentage																		7.25%		7.25%		7.25%	7.25%
Net proceeds amount																		$ 36,300,000
Deducting underwriting commissions amount																		$ 1,200,000
Outstanding borrowings																						$ 0	$ 13,500,000
Notes one [Member] \| Minimum [Member]
Borrowings [Line Items]
Aggregate principal amount							$ 43,100,000
4.35% 2027 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount										$ 75,000,000										$ 75,000,000		75,000,000	75,000,000
Principal amount, percentage										4.35%
Net proceeds amount										$ 73,000,000
Deducting underwriting commissions amount										1,500,000
Offering costs										$ 300,000
Deferred financing costs																						3,300,000	3,300,000
Fixed interest, description										Interest on the 4.35% 2027 Notes is paid semi-annually in arrears on February 28 and August 28, at a rate of 4.35% per year.
Financing costs										$ 1,800,000
Public offering price percentage										99.317%
Fair value																				64,500,000			64,500,000
7.25% 2025 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount															$ 5,000,000
Principal amount, percentage															7.75%
Aggregate principal amount percentage															7.75%
Net proceeds amount															$ 4,800,000
Deducting underwriting commissions amount															200,000
Offering costs															$ 100,000
Debt instrument, description																On July 6, 2020, the underwriters exercised their option in full to purchase an additional $5.625 million in aggregate principal amount of its 7.25% 2025 Notes. Net proceeds to the Company were $5.4 million after deducting underwriting commissions of approximately $0.2 million. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.6 million related to the 7.25% 2025 Notes have been capitalized and were amortized over the term of the 7.25% 2025 Notes.
Deferred financing costs																						50,000	50,000
Outstanding borrowings																						5,000,000	5,000,000
Fixed interest, description															Interest on the 7.75% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.75% per year.
Financing costs															$ 300,000
Interest expense																						400,000	400,000
7.25% 2025 Notes [Member] \| Borrowings [Member]
Borrowings [Line Items]
Aggregate principal amount																						5,000,000
7.75% 2025 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount																				5,000,000			5,000,000
Interest expense																						0	100,000
Fair value																				5,000,000			5,000,000
6.25% 2027 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount													$ 10,000,000	$ 5,000,000								15,000,000
Net proceeds amount													9,700,000
Deducting underwriting commissions amount													300,000
Offering costs													100,000	$ 100,000
Deferred financing costs																						70,000	70,000
Outstanding borrowings																						$ 15,000,000	15,000,000
Fixed interest, description														Interest on the 6.25% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.25% per year.
Financing costs													$ 400,000	$ 100,000
Par value, per share (in Dollars per share)																						$ 25
Interest expense																						$ 900,000	900,000
Per share (in Dollars per share)													$ 25
6.25% 2027 Notes [Member] \| Borrowings [Member]
Borrowings [Line Items]
Principal amount, percentage														6.25%
6.25% 2027 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount																				15,000,000			15,000,000
Fair value																				13,700,000		14.2	13,700,000
4.375% 2026 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount											$ 125,000,000	$ 50,000,000								175,000,000		$ 175,000,000	175,000,000
Principal amount, percentage												4.375%										4.375%
Net proceeds amount											123,800,000	$ 49,000,000
Deducting underwriting commissions amount												1,000,000
Outstanding borrowings																						$ 175,000,000	175,000,000
Financing costs											$ 2,700,000	$ 1,300,000
Fair value																				156,100,000			156,100,000
Interest expense																						300,000	300,000
Public offering price percentage											101%
Underwriting discounts											$ 2,500,000
Minimum denominations amount																						2,000
Integral multiples of excess																						1,000
Carrying amount																				163,400,000			163,400,000
Amortization of premium on issuances																						300,000	300,000
Average outstanding amount																						75,000,000	75,000,000
4.375% 2026 Notes [Member] \| Minimum [Member]
Borrowings [Line Items]
Interest expense																							7,700,000
Amortization of premium on issuances																						100,000	90,000
4.375% 2026 Notes [Member] \| Maximum [Member]
Borrowings [Line Items]
Interest expense																						$ 7,700,000	7,700,000
4.375% 2026 Notes [Member] \| Borrowings [Member]
Borrowings [Line Items]
Principal amount, percentage												4.375%
2026 Notes [Member]
Borrowings [Line Items]
Debt instrument, description																						Offering costs incurred were approximately $0.2 million.
6.00% 2027 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount									$ 87,500,000
Aggregate principal amount percentage						6%		6%
Net proceeds amount						$ 7,800,000		$ 9,700,000
Deducting underwriting commissions amount								$ 300,000
Offering costs									100,000
Fixed interest, description								Interest on the 6.00% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.00% per year.
Financing costs						300,000		$ 3,300,000
Per share (in Dollars per share)								$ 25
Offering costs incurred						$ 200,000
Public offering price percentage						97.80%
Net proceeds									84,800,000
Discount amount									$ 2,700,000
Additional aggregate principal amount						$ 8,000,000		$ 10,000,000
Average daily trading price, percentage								6%
Amortized over term percentage								6%
Additional amount percentage						6%
Fair value carrying amount, description																						For the years ended February 29, 2024 and February 28, 2023, we recorded $6.3 million and $5.3 million, respectively, of interest expense, $0.7 million and $0.6 million, respectively, of amortization of deferred financing costs related to the 6.00% Notes due 2027. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the years ended February 29, 2024 and February 28, 2023, the average dollar amount of 6.00% 2027 Notes outstanding was $105.5 million and $100.4 million respectively.
6.00% 2027 Notes [Member]
Borrowings [Line Items]
Trading symbol per share (in Dollars per share)																						$ 25
Outstanding																						$ 105,500,000
6.00% 2027 Notes [Member] \| Minimum [Member]
Borrowings [Line Items]
Fair value																				100,400,000		100,700,000	100,400,000
6.00% 2027 Notes [Member] \| Maximum [Member]
Borrowings [Line Items]
Fair value																				105,500,000		$ 105,500,000	105,500,000
7.00% 2025 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount					$ 12,000,000
Principal amount, percentage					7%
Net proceeds amount					$ 11,600,000
Fixed interest, description					Interest on the 7.00% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.00% per year.
Financing costs					$ 40,000
Underwriting discounts					400,000
Offering expenses					$ 50,000
7.25% 2025 Notes [Member]
Borrowings [Line Items]
Fixed interest, description																						As of February 29, 2024, the total 7.00% 2025 Notes outstanding was $12.0 million. The 7.00% 2025 Notes are not listed. The carrying amount of the outstanding 7.00% 2025 Notes had a fair value of $11.8 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, the total 7.00% 2025 Notes outstanding was $12.0 million, and they had a fair value of $11.5 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, there was $12.0 million outstanding.For the years ended February 29, 2024 and February 28, 2023, we recorded $0.8 million and $0.4 million, respectively, of interest expense, $0.01 million and $0.01 million, respectively, of amortization of deferred financing costs and $0.1 million and $0.06 million, respectively, of amortization of discount on issuance of 7.00% Notes due 2025. Interest expense, amortization of deferred financing costs and amortization of discount on issuance of notes are reported as interest and debt financing expense on the consolidated statements of operations. During the years ended February 29, 2024 and February 28, 2023, the average dollar amount of 7.00% 2025 Notes outstanding was $12.0 million and $5.8 million respectively.
8.125% 2027 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount				40,000,000
Deducting underwriting commissions amount			$ 200,000
Outstanding borrowings																						$ 46,000,000	15,700,000
Fixed interest, description			Interest on the 8.00% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.00% per year
Financing costs			$ 1,700,000
8.125% 2027 Notes [Member] \| Minimum [Member]
Borrowings [Line Items]
Net proceeds amount			5,800,000
8.00% 2027 Notes [Member]
Borrowings [Line Items]
Net proceeds amount				38,700,000
Additional aggregate principal amount			$ 6,000,000
Underwriting commissions				$ 1,300,000
8.00% 2027 Notes [Member] \| Minimum [Member]
Borrowings [Line Items]
Fair value																				46,000,000			46,000,000
8.00% 2027 Notes [Member] \| Maximum [Member]
Borrowings [Line Items]
Fair value																				46,400,000			46,400,000
7.75% 2025 Notes [Member]
Borrowings [Line Items]
Fair value																						46,200,000
Carrying amount																						46,000,000
8.125% 2027 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount		$ 52,500,000																				60,400,000
Principal amount, percentage		8.125%
Net proceeds amount		$ 50,800,000
Deducting underwriting commissions amount		1,600,000
Offering costs		$ 100,000
Debt instrument, description	On December 21, 2022, the underwriters fully exercised their option to purchase an additional $7.9 million in aggregate principal amount of the 8.125% 2027 Notes. Net proceeds to the Company were $7.6 million after deducting underwriting commissions of approximately $0.2 million. Interest on the 8.125% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.125% per year. The 8.125% 2027 Notes mature on December 31, 2027 and commencing December 13, 2024, may be redeemed in whole or in part at any time or from time to time at the Company’s option. The net proceeds from this offering were used to make investments in middle-market companies (including investments made through our SBIC Subsidiaries) in accordance with the Company’s investment objective and strategies and for general corporate purposes. Financing costs of $2.0 million related to the 8.125% 2027 Notes have been capitalized and are being amortized over the term of the 8.125% 2027 Notes.As of February 29, 2024, the total 8.125% 2027 Notes outstanding was $60.4 million. The 8.125% 2027 Notes are listed on the NYSE under the trading symbol “SAY” with a par value of $25.00 per note.
Deferred financing costs																						$ 400,000	90,000
Par value, per share (in Dollars per share)																						$ 25
Average outstanding amount																						$ 17,500,000
8.125% 2027 Notes [Member] \| Minimum [Member]
Borrowings [Line Items]
Deferred financing costs																							100,000
Fair value																				60,400,000		60,400,000	60,400,000
Interest expense																							1,300,000
8.125% 2027 Notes [Member] \| Maximum [Member]
Borrowings [Line Items]
Deferred financing costs																						300,000
Fair value																				61,100,000		60,800,000	$ 61,100,000
Interest expense																						3,700,000
Fair Value, Inputs, Level 3 [Member]
Borrowings [Line Items]
Debt instrument, description																							The carrying amount of the amount outstanding of SBA debentures approximates its fair value, which is based on a waterfall analysis showing adequate collateral coverage and would be classified as a Level 3 liability within the fair value hierarchy. Financing costs of $5.0 million, $6.0, and $0.4 million related to the SBA debentures issued by SBIC LP, SBIC II LP and SBIC III LP, respectively, have been capitalized and are being amortized over the term of the commitment and drawdown. During the year ended February 29, 2024, the Company repaid $27.0 million of SBA debentures, resulting in a realized loss on extinguishment of $0.1 million related to the acceleration of deferred debt financing costs.
Fair Value, Inputs, Level 3 [Member] \| 4.35% 2027 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount																				$ 75,000,000			$ 75,000,000
Notes one [Member] \| 8.125% 2027 Notes [Member]
Borrowings [Line Items]
Interest expense																						4,900,000	1,100,000
Debentures outstanding amount																						$ 60,400,000	$ 13,200,000

Borrowings (Details) - Detail_3

Borrowings (Details) - Details 3 - USD ($) $ / shares in Units, $ in Thousands							12 Months Ended
	May 01, 2023	Apr. 26, 2023	Apr. 14, 2023	Mar. 31, 2023	Dec. 21, 2022	Dec. 13, 2022	Feb. 29, 2024	Feb. 28, 2023
8.75% 2025 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount				$ 10,000				$ 0
Net proceeds amount	$ 9,700			9,700
Deducting underwriting commissions amount	400			$ 400
Outstanding borrowings	10,000						$ 600	0
Debt instrument, description				Interest on the 8.75% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.75% per year. On February 2, 2024, pursuant to the terms of the indenture governing the 8.75% 2025 Notes, the Company elected to exercise its option to extend the maturity date of the 8.75% 2025 Notes from March 31, 2024 to March 31, 2025. Net proceeds from this offering were used to make investments in middle-market companies (including investments made through the SBIC Subsidiaries) in accordance with the Company’s investment objective and strategies and general corporate purposes. Financing costs and discounts of $0.7 million related to the 8.75% 2025 Notes have been capitalized and are being amortized over the term of the 8.75% 2025 Notes.
Fair value							20,100	0
Deferred financing costs							1,500	0
Interest expense								0
Average outstanding amount								0
Offering costs	$ 30
8.50% 2028 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount		$ 7,500	$ 50,000
Net proceeds amount		7,300	48,400
Deducting underwriting commissions amount			1,600
Outstanding borrowings		$ 200	30				50,200	0
Interest expense							4,300	0
Financing costs			$ 2,000
Carrying amount							57,500
Amortization of deferred financing cost							400	0
8.50% 2028 Notes [Member] \| Minimum [Member]
Borrowings [Line Items]
Fair value								0
8.50% 2028 Notes [Member] \| Maximum [Member]
Borrowings [Line Items]
Fair value								0
8.75% 2024 Notes [Member]
Borrowings [Line Items]
Aggregate principal amount						$ 52,500	60,400
Net proceeds amount						50,800
Deducting underwriting commissions amount						1,600
Debt instrument, description					On December 21, 2022, the underwriters fully exercised their option to purchase an additional $7.9 million in aggregate principal amount of the 8.125% 2027 Notes. Net proceeds to the Company were $7.6 million after deducting underwriting commissions of approximately $0.2 million. Interest on the 8.125% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.125% per year. The 8.125% 2027 Notes mature on December 31, 2027 and commencing December 13, 2024, may be redeemed in whole or in part at any time or from time to time at the Company’s option. The net proceeds from this offering were used to make investments in middle-market companies (including investments made through our SBIC Subsidiaries) in accordance with the Company’s investment objective and strategies and for general corporate purposes. Financing costs of $2.0 million related to the 8.125% 2027 Notes have been capitalized and are being amortized over the term of the 8.125% 2027 Notes.As of February 29, 2024, the total 8.125% 2027 Notes outstanding was $60.4 million. The 8.125% 2027 Notes are listed on the NYSE under the trading symbol “SAY” with a par value of $25.00 per note.
Deferred financing costs							400	90
Average outstanding amount							$ 17,500
Offering costs						$ 100
Par value, per share (in Dollars per share)							$ 25
8.75% 2024 Notes [Member] \| Minimum [Member]
Borrowings [Line Items]
Fair value							$ 60,400	60,400
Deferred financing costs								100
Interest expense								1,300
8.75% 2024 Notes [Member] \| Maximum [Member]
Borrowings [Line Items]
Fair value							60,800	61,100
Deferred financing costs							300
Interest expense							$ 3,700
8.50% 2028 Notes [Member]
Borrowings [Line Items]
Par value, per share (in Dollars per share)							$ 25
Fair Value, Inputs, Level 3 [Member] \| 8.75% 2025 Notes [Member]
Borrowings [Line Items]
Fair value								0
Fair Value, Inputs, Level 1 [Member] \| 8.50% 2028 Notes [Member]
Borrowings [Line Items]
Carrying amount							$ 57,500	$ 58,300

Borrowings (Details) - Detail_4

Borrowings (Details) - Details 4 - USD ($)						12 Months Ended
Borrowings (Details) - Details 4 - USD ($)	Jul. 14, 2022	Aug. 31, 2021	Jul. 31, 2021	Feb. 07, 2020	Dec. 21, 2019	Feb. 29, 2024	Oct. 28, 2022	Jun. 24, 2020
Borrowings [Line Items]
Aggregate amount indebtedness						$ 1,000
Debt instrument, redemption amount	$ 43,100,000	$ 60,000,000		$ 24,450,000	$ 50,000,000
Aggregate principal amount							$ 402,100,000
Debt instrument redemption percentage			4.375%
SBA Debentures [Member]
Borrowings [Line Items]
Debt instrument, interest rate, stated percentage						150%
Notes one [Member]
Borrowings [Line Items]
Aggregate principal amount						$ 74,450,000		$ 37,500,000
Principal amount, percentage								7.25%
8.50% 2028 Notes [Member] \| 7.25% 2025 Notes [Member]
Borrowings [Line Items]
Principal amount, percentage		6.25%
Notes offering [Member]
Borrowings [Line Items]
Debt instrument redemption percentage			6.25%

Borrowings (Details) - Schedule

Borrowings (Details) - Schedule of Credit Facility $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 29, 2024 USD ($) $ / shares	[1],[3]
Credit Facility with Encina Lender Finance, LLC [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 35,000	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6]
Credit Facility with Encina Lender Finance, LLC [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 32,500	[2]
Asset Coverage per Unit \| $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6]
Credit Facility with Encina Lender Finance, LLC [Member] \| Fiscal yaer 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 12,500	[2]
Asset Coverage per Unit \| $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[7]
Asset Coverage per Unit \| $	$ 3,471	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2020 (as of February 29, 2020) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[7]
Asset Coverage per Unit \| $	$ 6,071	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2019 (as of February 28, 2019) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[7]
Asset Coverage per Unit \| $	$ 2,345	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2018 (as of February 28, 2018) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[7]
Asset Coverage per Unit \| $	$ 2,930	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2017 (as of February 28, 2017) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[7]
Asset Coverage per Unit \| $	$ 2,710	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2016 (as of February 29, 2016) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[7]
Asset Coverage per Unit \| $	$ 3,025	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2015 (as of February 28, 2015) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 9,600	[2],[7]
Asset Coverage per Unit \| $	$ 3,117	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2014 (as of February 28, 2014) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[7]
Asset Coverage per Unit \| $	$ 3,348	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2013 (as of February 28, 2013) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 24,300	[2],[7]
Asset Coverage per Unit \| $	$ 5,421	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2012 (as of February 29, 2012) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 20,000	[2],[7]
Asset Coverage per Unit \| $	$ 5,834	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] \| Fiscal year 2011 (as of February 28, 2011) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 4,500	[2],[7]
Asset Coverage per Unit \| $	$ 20,077	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[7]
7.50% Notes due 2020 [Member] \| Fiscal year 2017 (as of February 28, 2017) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[8]
Asset Coverage per Unit \| $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[8]
7.50% Notes due 2020 [Member] \| Fiscal year 2016 (as of February 29, 2016) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 61,793	[2],[8]
Asset Coverage per Unit \| $	$ 3,025	[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.24	[6],[8],[9]
7.50% Notes due 2020 [Member] \| Fiscal year 2015 (as of February 28, 2015) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 48,300	[2],[8]
Asset Coverage per Unit \| $	$ 3,117	[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.46	[6],[8],[9]
7.50% Notes due 2020 [Member] \| Fiscal year 2014 (as of February 28, 2014) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 48,300	[2],[8]
Asset Coverage per Unit \| $	$ 3,348	[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.18	[6],[8],[9]
6.75% Notes due 2023 [Member] \| Fiscal year 2020 (as of February 29, 2020) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[10]
Asset Coverage per Unit \| $		[4],[10]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[10]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[10]
6.75% Notes due 2023 [Member] \| Fiscal year 2019 (as of February 28, 2019) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 74,451	[2],[10]
Asset Coverage per Unit \| $	$ 2,345	[4],[10]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[10]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.74	[6],[10],[11]
6.75% Notes due 2023 [Member] \| Fiscal year 2018 (as of February 28, 2018) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 74,451	[2],[10]
Asset Coverage per Unit \| $	$ 2,930	[4],[10]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[10]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 26.05	[6],[10],[11]
6.75% Notes due 2023 [Member] \| Fiscal year 2017 (as of February 28, 2017) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 74,451	[2],[10]
Asset Coverage per Unit \| $	$ 2,710	[4],[10]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[10]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.89	[6],[10],[11]
8.75% Notes due 2024 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 20,000	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
6.25% Notes due 2025 [Member] \| Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 60,000	[2],[13]
Asset Coverage per Unit \| $	$ 3,471	[4],[13]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[13]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 24.24	[6],[13],[14]
6.25% Notes due 2025 [Member] \| Fiscal year 2020 (as of February 29, 2020) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 60,000	[2],[13]
Asset Coverage per Unit \| $	$ 6,071	[4],[13]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[13]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.75	[6],[13],[14]
6.25% Notes due 2025 [Member] \| Fiscal year 2019 (as of February 28, 2019) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 60,000	[2],[13]
Asset Coverage per Unit \| $	$ 2,345	[4],[13]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[13]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 24.97	[6],[13],[14]
6.25% Notes due 2025 [Member] \| Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[13]
Asset Coverage per Unit \| $		[4],[13]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[13]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[13]
Fiscal year 2024 (as of February 29, 2024) [Member] \| Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 12,000	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
7.00% Notes due 2025 [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 12,000	[2]
Asset Coverage per Unit \| $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
7.25% Notes due 2025 [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $		[2],[15]
Asset Coverage per Unit \| $		[4],[15]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[15]
Average Market Value per Share (in Dollars per share) \| $ / shares		[6],[15]
7.25% Notes due 2025 [Member] \| Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 43,125	[2],[15]
Asset Coverage per Unit \| $	$ 3,471	[4],[15]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[15]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.77	[6],[14],[15]
7.25% Notes due 2025 [Member] \| Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 43,125	[2],[15]
Asset Coverage per Unit \| $	$ 2,093	[4],[15]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5],[15]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.46	[6],[14],[15]
7.75% Notes due 2025 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 5,000	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
7.75% Notes due 2025 [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 5,000	[2]
Asset Coverage per Unit \| $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
7.75% Notes due 2025 [Member] \| Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 5,000	[2]
Asset Coverage per Unit \| $	$ 3,471	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
7.75% Notes due 2025 [Member] \| Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 5,000	[2]
Asset Coverage per Unit \| $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
4.375% Notes due 2026 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 175,000	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
4.375% Notes due 2026 [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 175,000	[2]
Asset Coverage per Unit \| $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
4.375% Notes due 2026 [Member] \| Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 175,000	[2]
Asset Coverage per Unit \| $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
4.35% Notes due 2027 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 75,000	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
4.35% Notes due 2027 [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 75,000	[2]
Asset Coverage per Unit \| $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
4.35% Notes due 2027 [Member] \| Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 75,000	[2]
Asset Coverage per Unit \| $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
6.00% Notes due 2027 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 105,500	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 23.51	[6],[16]
6.00% Notes due 2027 [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 105,500	[2]
Asset Coverage per Unit \| $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 23.97	[6],[16]
6.25% Notes due 2027 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 15,000	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
6.25% Notes due 2027 [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 15,000	[2]
Asset Coverage per Unit \| $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
6.25% Notes due 2027 [Member] \| Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 15,000	[2]
Asset Coverage per Unit \| $	$ 3,471	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
6.25% Notes due 2027 [Member] \| Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 15,000	[2]
Asset Coverage per Unit \| $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[12]
8.00% Notes due 2027 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 46,000	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25	[6],[16]
8.125% Notes due 2027 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 60,375	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.05	[6],[16]
8.125% Notes due 2027 [Member] \| Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 60,375	[2]
Asset Coverage per Unit \| $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.1	[6],[16]
8.50% Notes due 2028 [Member] \| Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities \| $	$ 57,500	[2]
Asset Coverage per Unit \| $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) \| $ / shares		[5]
Average Market Value per Share (in Dollars per share) \| $ / shares	$ 25.17	[6],[15]

[1]This table does not include the senior securities of our predecessor entity, GSC Investment Corp., relating to a revolving securitized credit facility with Deutsche Bank, in light of the fact that the Company was under different management during the time that such credit facility was outstanding.[2]Total amount of senior securities outstanding at the end of the period presented.[3]We have excluded our SBA-guaranteed debentures from this table because the SEC has granted us exemptive relief that permits us to exclude such debentures from the definition of senior securities in the 150% asset coverage ratio we are required to maintain under the 1940 Act.[4]Asset coverage per unit is the ratio of our total assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness, calculated on a total basis.[5]The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. The “—” indicates information which the Securities and Exchange Commission expressly does not require to be disclosed for certain types of senior securities.[6]Not applicable for credit facility because not registered for public trading.[7]On October 4, 2021, the Company repaid all remaining amounts outstanding under the Madison Credit Facility and the credit agreement relating to the Madison Credit Facility was terminated.[8]On January 13, 2017, the Company redeemed in full its 2020 Notes. The Company used a portion of the net proceeds from the 2023 Notes offering, which was completed in December 2016, to redeem the 2020 Notes in full.[9]Based on the average daily trading price of the 2020 Notes on the NYSE.[10]On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.45 million, respectively, in aggregate principal amount of the $74.45 million in aggregate principal amount of issued and outstanding 2023 Notes.[11]Based on the average daily trading price of the 2023 Notes on the NYSE.[12]The carrying value of this unlisted security approximates its fair value, based on a waterfall analysis showing adequate collateral coverage.[13]On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes. The Company used a portion of the net proceeds from the 4.375% 2026 Notes offering, which was completed in July 2021, to redeem the 6.25% 2025 Notes in full.[14]Based on the average daily trading price of the 2025 Notes on the NYSE.[15]On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the issued and outstanding 7.25% 2025 Notes.[16]Based on the average daily trading price of the 2027 Notes on the NYSE.

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Millions	Feb. 29, 2024	Feb. 28, 2023
Commitments and Contingencies [Line Items]
Off-balance sheet arrangements	$ 132.4	$ 108.8
Cash and cash equivalents	8.7
Encina Credit Facility [Member]
Commitments and Contingencies [Line Items]
Borrowings	$ 31.8

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations	Feb. 29, 2024 USD ($)
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	$ 820,375
Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	35,000
SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	214,000
8.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	20,000
7.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	12,000
7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	5,000
4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	175,000
4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	75,000
6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	105,500
6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	15,000
8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	46,000
8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	60,375
8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	57,500
Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 8.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 7.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Less Than 1 Year [Member] \| 8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	322,000
1 - 3 Years [Member] \| Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	35,000
1 - 3 Years [Member] \| SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
1 - 3 Years [Member] \| 8.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	20,000
1 - 3 Years [Member] \| 7.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	12,000
1 - 3 Years [Member] \| 7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	5,000
1 - 3 Years [Member] \| 4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	175,000
1 - 3 Years [Member] \| 4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	75,000
1 - 3 Years [Member] \| 6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
1 - 3 Years [Member] \| 6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
1 - 3 Years [Member] \| 8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
1 - 3 Years [Member] \| 8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
1 - 3 Years [Member] \| 8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	284,375
3 - 5 Years [Member] \| Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
3 - 5 Years [Member] \| SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
3 - 5 Years [Member] \| 8.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
3 - 5 Years [Member] \| 7.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
3 - 5 Years [Member] \| 7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
3 - 5 Years [Member] \| 4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
3 - 5 Years [Member] \| 4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
3 - 5 Years [Member] \| 6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	105,500
3 - 5 Years [Member] \| 6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	15,000
3 - 5 Years [Member] \| 8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	46,000
3 - 5 Years [Member] \| 8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	60,375
3 - 5 Years [Member] \| 8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	57,500
More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	214,000
More Than 5 Years [Member] \| Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	214,000
More Than 5 Years [Member] \| 8.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 7.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
More Than 5 Years [Member] \| 8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period

Commitments and Contingencies_4

Commitments and Contingencies (Details) - Schedule of Unfunded Commitments Outstanding - USD ($) $ in Thousands	Feb. 29, 2024	Feb. 28, 2023
At Company’s discretion
Off balance sheet arrangements	$ 132,429	$ 108,771
At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	77,696	59,798
At Company’s Discretion [Member] \| ActiveProspect, Inc.[Member]
At Company’s discretion
Off balance sheet arrangements	10,000	10,000
At Company’s Discretion [Member] \| Artemis Wax Corp. [Member]
At Company’s discretion
Off balance sheet arrangements	23,500
At Company’s Discretion [Member] \| Ascend Software, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	5,000	5,000
At Company’s Discretion [Member] \| Granite Comfort, LP [Member]
At Company’s discretion
Off balance sheet arrangements	750	15,000
At Company’s Discretion [Member] \| JDXpert [Member]
At Company’s discretion
Off balance sheet arrangements	5,000	5,000
At Company’s Discretion [Member] \| LFR Chicken LLC [Member]
At Company’s discretion
Off balance sheet arrangements		4,000
At Company’s Discretion [Member] \| Pepper Palace, Inc. [Member]
At Company’s discretion
Off balance sheet arrangements	1,898	3,000
At Company’s Discretion [Member] \| Procurement Partners, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	4,250	4,250
At Company’s Discretion [Member] \| Saratoga Senior Loan Fund I JV, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	8,548	8,548
At Company’s Discretion [Member] \| Sceptre Hospitality Resources, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	5,000	5,000
At Company’s Discretion [Member] \| Stretch Zone Franchising, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	3,750
At Company’s Discretion [Member] \| VetnCare MSO, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	10,000
Alpha Aesthetics Partners OpCo, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	6,500
ARC Health OpCo LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	2,585	10,773
Artemis Wax Corp. [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		8,500
Ascend Software, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		3,200
Axero Holdings, LLC - Revolver [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	500	500
Axiom Medical Consulting, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	2,000
BQE Software, Inc. [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	3,250
C2 Educational Systems, Inc.[Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	3,000
Davisware, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	750
Exigo, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		4,167
Exigo, LLC - Revolver [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	1,042	833
Gen4 Dental Partners Holdings, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		11,000
GoReact [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	2,500	2,500
Granite Comfort, LP [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	11,637
JDXpert [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		1,000
Inspect Point Holding, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	1,500
Pepper Palace, Inc. - Delayed Draw Term Loan [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		2,000
Pepper Palace, Inc. - Revolver [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	2,500	2,500
Procurement Partners, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		1,000
Stretch Zone Franchising, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	1,500
VetnCare MSO, LLC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	15,319
Zollege PBC [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	150	1,000
Defined Benefit Plan Portfolio [Member] \| At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	$ 54,733	$ 48,973

Directors Fees (Details)

Directors Fees (Details) - USD ($)	12 Months Ended
Directors Fees (Details) - USD ($)	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Directors Fee [Line Items]
Annual fee	$ 70,000
Board meeting attending fees	3,000
Committee meeting attending fees	1,500
Audit committee annual fees	12,500
Chairman annual fees	6,000
Directors fees and expenses	351,297	$ 360,000	$ 335,596
Accrued and unpaid amount	$ 0	$ 10,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)									12 Months Ended
Stockholders' Equity (Details) - USD ($)	Feb. 29, 2024	Jul. 06, 2023	Jul. 30, 2021	Jul. 29, 2021	Oct. 08, 2019	Jul. 11, 2019	Jul. 13, 2018	Mar. 16, 2017	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022	Sep. 24, 2014
Stockholders' Equity [Line Items]
Average price (in Dollars per share)				$ 24.77
Amount of share purchased									$ 2,157,605	$ 10,824,340	$ 2,545,037
Shares issued (in Shares)							1,150,000
Stock issued price per share (in Dollars per share)							$ 25
Common stock par value (in Dollars per share)	$ 0.001						$ 0.001		$ 0.001	$ 0.001
Aggregate amount							$ 28,750,000
Underwriting commissions							1,150,000
Offering cost							200,000
Net proceeds				$ 95,900,000			$ 27,400,000		$ 44,539,387		$ 26,835,203
Additional common stock (in Shares)							172,500
Offer for sale			$ 150,000,000					$ 30,000,000
Amount of common stock					$ 130,000,000	$ 70,000,000
Number of shares sold (in Shares)				3,922,018
Gross proceeds				$ 97,100,000
Manager reimbursed	$ 1,400,000								$ 4,500,000
Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Number of share authorized for repurchase (in Shares)												1,700,000
Maximum [Member]
Stockholders' Equity [Line Items]
Sale of stock, amount		$ 300,000,000
Minimum [Member]
Stockholders' Equity [Line Items]
Sale of stock, amount		$ 150,000,000
Common Stock [Member] \| Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Number of share authorized for repurchase (in Shares)												200,000
Share Repurchase Tranche One [Member] \| Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Number of share authorized for repurchase (in Shares)	1,035,203								1,035,203
Share Repurchase Tranche One [Member] \| Common Stock [Member] \| Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Average price (in Dollars per share)	$ 22.05								$ 22.05
Stock repurchased amount	$ 22,800,000								$ 22,800,000
Share Repurchase Tranche Two [Member] \| Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Average price (in Dollars per share)	$ 24.36								$ 24.36
Number of share purchased (in Shares)									88,576
Amount of share purchased									$ 2,200,000
Equity ATM Program Tranche One [Member]
Stockholders' Equity [Line Items]
Average price (in Dollars per share)	$ 26.37								$ 26.37
Net proceeds	$ 171,000,000
Number of shares sold (in Shares)	6,543,878
Gross proceeds	$ 172,500,000
Equity ATM Program Tranche Two [Member]
Stockholders' Equity [Line Items]
Average price (in Dollars per share)	$ 28.44								$ 28.44
Net proceeds	$ 14,300,000
Number of shares sold (in Shares)	501,105
Gross proceeds	$ 14,300,000
Equity ATM Program Tranche Three [Member]
Stockholders' Equity [Line Items]
Number of shares sold (in Shares)									1,703,517
Equity ATM Program Tranche Three [Member] \| Equity ATM Program [Member]
Stockholders' Equity [Line Items]
Average price (in Dollars per share)	$ 28,510,000								$ 28,510,000
Net proceeds	$ 49,000,000
Gross proceeds	$ 49

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity - USD ($)	3 Months Ended								12 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance	$ 359,558,749	$ 362,078,755	$ 337,450,848	$ 346,958,042	$ 335,763,600	$ 337,213,275	$ 345,235,811	$ 355,780,523	$ 346,958,042	$ 355,780,523
Balance	370,224,108	359,558,749	362,078,755	337,450,848	346,958,042	335,763,600	337,213,275	345,235,811	370,224,108	346,958,042	$ 355,780,523
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles
Increase (Decrease) from Operations:
Net investment income	12,784,511	14,166,063	13,964,784	15,958,950	9,649,474	9,877,437	7,698,014	7,976,222
Net realized gain (loss) from investments	2,328	60,565		90,691	80,683	(740,434)	7,943,838	162,509	153,583	7,446,596	13,398,327
Income tax (provision) benefit from realized gain on investments						479,318		69,250		548,568	(2,886,444)
Net change in unrealized appreciation (depreciation) on investments	(7,164,613)	(17,866,353)	(5,737,571)	(16,322,307)	10,549,981	(3,176,208)	(13,258,456)	(9,333,449)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(315,473)	(415,894)	(221,206)	59,407	(697,380)	(425,848)	(230,154)	(361,951)
Decrease from Shareholder Distributions:
Distributions of investment income – net	(9,803,576)	(9,286,642)	(8,352,335)	(8,193,402)	(8,081,306)	(6,433,298)	(6,369,981)	(6,428,817)
Capital Share Transactions:
Stock dividend distribution	915,193	858,995	749,313	1,058,844	1,300,460	1,150,934	1,088,188	1,108,680
Repurchases of common stock				(2,157,605)	(1,224,224)	(2,179,695)	(3,686,105)	(3,734,316)
Repurchase fees				(1,772)	(972)	(1,881)	(3,071)	(2,840)
Increase (Decrease) from Operations:
Realized losses on extinguishment of debt			(110,056)		(382,274)		(1,204,809)		(110,056)	(1,587,083)	(2,434,410)
Capital Share Transactions:
Proceeds from issuance of common stock	13,028,770	9,012,500	22,498,117
Capital contribution from manager	1,382,009	1,043,000	2,050,288
Offering costs	(163,789)	(92,240)	(213,427)						(469,456)		(270,576)
Common Stock [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance	$ 13,115	$ 12,730	$ 11,848	$ 11,891	$ 11,885	$ 11,927	$ 12,032	$ 12,131	$ 11,891	$ 12,131
Balance (in Shares)	13,114,977	12,729,781	11,847,742	11,890,500	11,885,479	11,927,238	12,031,998	12,131,350	11,890,500	12,131,350
Balance	$ 13,654	$ 13,115	$ 12,730	$ 11,848	$ 11,891	$ 11,885	$ 11,927	$ 12,032	$ 13,654	$ 11,891	$ 12,131
Balance (in Shares)	13,653,476	13,114,977	12,729,781	11,847,742	11,890,500	11,885,479	11,927,238	12,031,998	13,653,476	11,890,500	12,131,350
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles
Increase (Decrease) from Operations:
Net investment income
Net realized gain (loss) from investments
Income tax (provision) benefit from realized gain on investments
Net change in unrealized appreciation (depreciation) on investments
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments
Decrease from Shareholder Distributions:
Distributions of investment income – net
Capital Share Transactions:
Stock dividend distribution	$ 38	$ 35	$ 30	$ 47	$ 55	$ 53	$ 49	$ 43
Stock dividend distribution (in Shares)	37,394	35,196	29,627	45,818	53,615	52,312	48,590	42,825
Repurchases of common stock				$ (90)	$ (49)	$ (95)	$ (154)	$ (142)
Repurchases of common stock (in Shares)				(88,576)	(48,594)	(94,071)	(153,350)	(142,177)
Repurchase fees
Increase (Decrease) from Operations:
Realized losses on extinguishment of debt
Capital Share Transactions:
Proceeds from issuance of common stock	$ 501	$ 350	$ 852
Proceeds from issuance of common stock (in Shares)	501,105	350,000	852,412
Capital contribution from manager
Offering costs
Capital in Excess of Par Value [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance	356,698,595	345,876,725	320,793,316	321,893,806	321,802,386	322,832,986	325,433,869	328,062,246	$ 321,893,806	$ 328,062,246
Balance	371,081,199	356,698,595	345,876,725	320,793,316	321,893,806	321,802,386	322,832,986	325,433,869	371,081,199	321,893,806	$ 328,062,246
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles	(779)				16,162
Increase (Decrease) from Operations:
Net investment income
Net realized gain (loss) from investments
Income tax (provision) benefit from realized gain on investments
Net change in unrealized appreciation (depreciation) on investments
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments
Decrease from Shareholder Distributions:
Distributions of investment income – net
Capital Share Transactions:
Stock dividend distribution	915,155	858,960	749,283	1,058,797	1,300,405	1,150,881	1,088,139	1,108,637
Repurchases of common stock				(2,157,515)	(1,224,175)	(2,179,600)	(3,685,951)	(3,734,174)
Repurchase fees				(1,772)	(972)	(1,881)	(3,071)	(2,840)
Increase (Decrease) from Operations:
Realized losses on extinguishment of debt
Capital Share Transactions:
Proceeds from issuance of common stock	13,028,269	9,012,150	22,497,265
Capital contribution from manager	1,382,009	1,043,000	2,050,288
Offering costs	(163,789)	(92,240)	(213,427)
Total Distributable Earnings (Loss) [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance	2,847,039	16,189,300	16,645,684	25,052,345	13,949,329	14,368,362	19,789,910	27,706,146	25,052,345	27,706,146
Balance	(870,745)	2,847,039	16,189,300	16,645,684	25,052,345	13,949,329	14,368,362	19,789,910	$ (870,745)	$ 25,052,345	$ 27,706,146
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles	779				(16,162)
Increase (Decrease) from Operations:
Net investment income	12,784,511	14,166,063	13,964,784	15,958,950	9,649,474	9,877,437	7,698,014	7,976,222
Net realized gain (loss) from investments	2,328	60,565		90,691	80,683	(740,434)	7,943,838	162,509
Income tax (provision) benefit from realized gain on investments						479,318		69,250
Net change in unrealized appreciation (depreciation) on investments	(7,164,613)	(17,866,353)	(5,737,571)	(16,322,307)	10,549,981	(3,176,208)	(13,258,456)	(9,333,449)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(315,473)	(415,894)	(221,206)	59,407	(697,380)	(425,848)	(230,154)	(361,951)
Decrease from Shareholder Distributions:
Distributions of investment income – net	(9,803,576)	(9,286,642)	(8,352,335)	(8,193,402)	(8,081,306)	(6,433,298)	(6,369,981)	(6,428,817)
Capital Share Transactions:
Stock dividend distribution
Repurchases of common stock
Repurchase fees
Increase (Decrease) from Operations:
Realized losses on extinguishment of debt			(110,056)		$ (382,274)		$ (1,204,809)
Capital Share Transactions:
Proceeds from issuance of common stock
Capital contribution from manager
Offering costs

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets [Abstract]
Net increase in net assets resulting from operations	$ 8,934	$ 24,676	$ 45,735
Weighted average common shares outstanding	12,670,939	11,963,533	11,456,631
Weighted average earnings per common share	$ 0.71	$ 2.06	$ 3.99

Dividend (Details)

Dividend (Details) - USD ($) $ / shares in Units, $ in Millions																																														12 Months Ended
	Mar. 15, 2024	Dec. 28, 2023	Sep. 28, 2023	Jun. 29, 2023	Mar. 30, 2023	Jan. 04, 2023	Sep. 29, 2022	Jun. 29, 2022	Mar. 28, 2022	Jan. 19, 2022	Sep. 28, 2021	Jun. 29, 2021	Apr. 22, 2021	Feb. 10, 2021	Nov. 10, 2020	Aug. 12, 2020	Feb. 06, 2020	Sep. 26, 2019	Jun. 27, 2019	Mar. 28, 2019	Jan. 02, 2019	Sep. 27, 2018	Jun. 27, 2018	Mar. 26, 2018	Dec. 27, 2017	Sep. 26, 2017	Jun. 27, 2017	Mar. 28, 2017	Feb. 09, 2017	Nov. 09, 2016	Sep. 02, 2016	Aug. 09, 2016	Apr. 27, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	Jun. 05, 2015	May 29, 2015	Feb. 27, 2015	Nov. 28, 2014	Dec. 16, 2013	Dec. 19, 2012	Dec. 22, 2011	Dec. 22, 2010	Dec. 28, 2009	Feb. 29, 2024
Dividend Disclosure [Line Items]
Distribution percentage																																														90%
Dividend consisted in cash (in Dollars)		$ 8.9	$ 8.4	$ 7.6	$ 7.1	$ 6.8	$ 5.3	$ 5.1	$ 5.3	$ 5.3	$ 4.9	$ 4.1	$ 3.9	$ 3.8	$ 3.8	$ 3.7	$ 5.4	$ 4.5	$ 3.6	$ 3.5	$ 3.4	$ 3.3	$ 2.7	$ 2.6	$ 2.5	$ 2.2	$ 2.3	$ 2	$ 1.6	$ 1.5	$ 0.7	$ 1.5	$ 1.5	$ 1.4	$ 1.1	$ 1.1	$ 3.4	$ 0.9	$ 0.8	$ 0.6	$ 2.5	$ 3.3	$ 2	$ 1.2	$ 2.1
Stock issued for dividend (in Shares)		37,394	35,196	29,627	45,818	53,615	52,312	48,590	42,825	41,520	38,016	33,100	38,580	41,388	45,706	47,098	35,682	34,575	31,545	31,240	30,796	25,862	21,562	25,354	25,435	33,551	26,222	29,096	50,453	58,548	24,786	58,167	56,728	66,765	61,029	47,861	126,230	33,766	26,858	22,283	649,500	853,455	599,584	596,235	864,872
Common stock dividend rate, percentage		0.30%	0.30%	0.20%	0.40%	0.50%	0.40%	0.40%	0.40%	0.30%	0.30%	0.30%	0.30%	0.40%	0.40%	0.40%	0.30%	0.40%	0.40%	0.40%	0.40%	0.30%	0.30%	0.40%	0.40%	0.60%	0.40%	0.50%	0.90%	1%	0.40%	1%	1%	1.20%	1.10%	0.90%	2.30%	0.60%	0.50%	0.40%	13.70%	22%	18%	22%	104%
Stock based share price (in Dollars per share)		$ 24.47	$ 24.41	$ 25.29	$ 23.11	$ 24.26	$ 22	$ 22.4	$ 25.89	$ 26.85	$ 26.77	$ 25.03	$ 23.69	$ 21.75	$ 17.63	$ 16.45	$ 25.44	$ 23.34	$ 22.65	$ 21.36	$ 18.88	$ 22.35	$ 23.72	$ 19.91	$ 21.14	$ 20.19	$ 20.04	$ 21.38	$ 20.25	$ 17.12	$ 17.06	$ 16.32	$ 15.43	$ 13.11	$ 14.53	$ 15.28	$ 16.47	$ 16.78	$ 14.97	$ 14.37	$ 15.439	$ 15.444	$ 13.117067	$ 17.8049	$ 1.5099
Percentage of weighted average trading price		95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%
Aggregate dividend amount percentage																																									20%	20%	20%	10%	13.70%
Subsequent Event [Member]
Dividend Disclosure [Line Items]
Dividend consisted in cash (in Dollars)	$ 9
Stock issued for dividend (in Shares)	45,490
Common stock dividend rate, percentage	0.30%
Stock based share price (in Dollars per share)	$ 22.85
Percentage of weighted average trading price	95%

Dividend (Details) - Schedule o

Dividend (Details) - Schedule of Payment Date - $ / shares

12 Months Ended

Feb. 18, 2025

Feb. 29, 2024

Feb. 28, 2023

Feb. 28, 2022

Feb. 28, 2021

Feb. 29, 2020

Feb. 28, 2019

Feb. 28, 2018

Feb. 28, 2017

Feb. 29, 2016

Feb. 28, 2015

Feb. 28, 2014

Feb. 28, 2013

Feb. 28, 2012

Feb. 28, 2011

Feb. 28, 2010

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

$ 2.82

$ 2.28

$ 1.92

$ 1.03

$ 2.21

$ 2.06

$ 1.9

$ 1.93

$ 2.36

$ 0.4

$ 2.65

$ 4.25

$ 3

$ 4.4

$ 18.25

December 28, 2023 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[1]

0.72

September 28, 2023 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[2]

0.71

June 29, 2023 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[3]

0.7

March 30, 2023 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[4]

$ 0.69

January 4, 2023 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[5]

0.68

September 29, 2022 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[6]

0.54

June 29, 2022 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[7]

0.53

March 28, 2022 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[8]

$ 0.53

January 19, 2022 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[9]

0.53

September 28, 2021 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[10]

0.52

June 29, 2021 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[11]

0.44

April 22, 2021 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[12]

$ 0.43

February 10, 2021 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[13]

0.42

November 10, 2020 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[14]

0.41

August 12, 2020 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[15]

$ 0.4

February 6, 2020 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[16]

0.56

September 26, 2019 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[17]

0.56

June 27, 2019 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[18]

0.55

March 28, 2019 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[19]

$ 0.54

January 2, 2019 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[20]

0.53

September 27, 2018 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[21]

0.52

June 27, 2018 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[22]

0.51

March 26, 2018 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[23]

$ 0.5

December 27, 2017 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[24]

0.49

September 26, 2017 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[25]

0.48

June 27, 2017 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[26]

0.47

March 28, 2017 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[27]

$ 0.46

February 9, 2017 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[28]

0.45

November 9, 2016 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[29]

0.44

September 5, 2016 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[30]

0.2

August 9, 2016 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[31]

0.43

April 27, 2016 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[32]

$ 0.41

February 29, 2016 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[33]

0.4

November 30, 2015 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[34]

0.36

August 31, 2015 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[35]

0.33

June 5, 2015 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[36]

May 29. 2015 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[37]

$ 0.27

February 27, 2015 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[38]

0.22

November 28, 2014 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[39]

$ 0.18

December 27, 2013 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[40]

$ 2.65

December 31, 2012 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[41]

$ 4.25

December 30, 2011 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[42]

$ 3

December 29, 2010 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[43]

$ 4.4

December 31, 2009 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[44]

$ 18.25

Forecast [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

$ 0.73

Forecast [Member] | March 28, 2024 [Member]

Dividend (Details) - Schedule of Payment Date [Line Items]

Payment date

[45]

$ 0.73

[1] Based on shareholder elections, the dividend consisted of approximately $8.9 million in cash and 37,394 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.47 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on December 14, 15, 18, 19, 20, 21, 22, 26, 27, and 28, 2023. Based on shareholder elections, the dividend consisted of approximately $8.4 million in cash and 35,196 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.41 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 15, 18, 19, 20, 21, 22, 25, 26, 27, and 28, 2023. Based on shareholder elections, the dividend consisted of approximately $6.8 million in cash and 53,615 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $24.26 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on December 20, 21, 22, 23, 27, 28, 29 and 30 2022 and January 3 and 4, 2023. Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 52,312 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.00 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 16, 19, 20, 21, 22, 23, 26, 27, 28 and 29, 2022. Based on shareholder elections, the dividend consisted of approximately $5.1 million in cash and 48,590 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.40 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on June 15, 16, 17, 21, 22, 23, 24, 27, 28 and 29, 2022. Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 42,825 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.89 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on March 15, 16, 17, 18, 21, 22, 23, 24, 25 and 28, 2022. Based on shareholder elections, the dividend consisted of approximately $5.3 million in cash and 41,520 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $26.85 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on January 5, 6, 7, 10, 11, 12, 13, 14, 18 and 19, 2022. Based on shareholder elections, the dividend consisted of approximately $4.9 million in cash and 38,016 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $26.77 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on September 15, 16, 17, 20, 21, 22, 23, 24, 27 and 28, 2021. Based on shareholder elections, the dividend consisted of approximately $4.1 million in cash and 33,100 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.03 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on June 16, 17, 18, 21, 22, 23, 24, 25, 28 and 29, 2021. Based on shareholder elections, the dividend consisted of approximately $3.9 million in cash and 38,580 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.69 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on April 9,12, 13, 14, 15, 16, 19, 20, 21 and 22, 2021. Based on shareholder elections, the dividend consisted of approximately $3.8 million in cash and 41,388 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.75 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on January 28, 29 and February 1, 2, 3, 4, 5, 8, 9 and 10, 2021. Based on shareholder elections, the dividend consisted of approximately $3.8 million in cash and 45,706 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.63 per share, which equaled 95% of the volume weighted average trading price per share of the common stock on October 28, 29, 30 and November 2, 3, 4, 5, 6, 9 and 10, 2020. Based on shareholder elections, the dividend consisted of approximately $3.7 million in cash and 47,098 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.45 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on July 30, 31 and August 3, 4, 5, 6, 7, 10, 11 and 12, 2020. Based on shareholder elections, the dividend consisted of approximately $5.4 million in cash and 35,682 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $25.44 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on January 24, 27, 28, 29, 30, 31 and February 3, 4, 5 and 6, 2020. Based on shareholder elections, the dividend consisted of approximately $4.5 million in cash and 34,575 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.34 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 13, 16, 17, 18, 19, 20, 23, 24, 25 and 26, 2019. Based on shareholder elections, the dividend consisted of approximately $3.6 million in cash and 31,545 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.65 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 17, 18, 19, 20, 21, 24, 25, 26 and 27, 2019. Based on shareholder elections, the dividend consisted of approximately $3.5 million in cash and 31,240 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.36 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 15, 18, 19, 20, 21, 22, 25, 26, 27 and 28, 2019. Based on shareholder elections, the dividend consisted of approximately $3.4 million in cash and 30,796 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $18.88 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on December 18, 19, 20, 21, 24, 26, 27, 28, 31, 2018 and January 2, 2019. Based on shareholder elections, the dividend consisted of approximately $3.3 million in cash and 25,862 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $22.35 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 14, 17, 18, 19, 20, 21, 24, 25, 26 and 27, 2018. Based on shareholder elections, the dividend consisted of approximately $2.7 million in cash and 21,562 newly issued shares of common stock, or 0.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $23.72 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 15, 18, 19, 20, 21, 22, 25, 26 and 27, 2018. Based on shareholder elections, the dividend consisted of approximately $2.6 million in cash and 25,354 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $19.91 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 13, 14, 15, 16, 19, 20, 21, 22, 23 and 26, 2018. Based on shareholder elections, the dividend consisted of approximately $2.5 million in cash and 25,435 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.14 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on December 13, 14, 15, 18, 19, 20, 21, 22, 26 and 27, 2017. Based on shareholder elections, the dividend consisted of approximately $2.2 million in cash and 33,551 newly issued shares of common stock, or 0.6% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.19 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on September 13, 14, 15, 18, 19, 20, 21, 22, 25 and 26, 2017. Based on shareholder elections, the dividend consisted of approximately $2.3 million in cash and 26,222 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.04 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on June 14, 15, 16, 19, 20, 21, 22, 23, 26 and 27, 2017. Based on shareholder elections, the dividend consisted of approximately $2.0 million in cash and 29,096 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $21.38 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on March 15, 16, 17, 20, 21, 22, 23, 24, 27 and 28, 2017. Based on shareholder elections, the dividend consisted of approximately $1.6 million in cash and 50,453 newly issued shares of common stock, or 0.9% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $20.25 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on January 27, 30, 31 and February 1, 2, 3, 6, 7, 8 and 9, 2017. Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 58,548 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.12 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on October 27, 28, 31 and November 1, 2, 3, 4, 7, 8 and 9, 2016. Based on shareholder elections, the dividend consisted of approximately $0.7 million in cash and 24,786 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.06 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on August 22, 23, 24, 25, 26, 29, 30, 31 and September 1 and 2, 2016. Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 58,167 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.32 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on July 27, 28, 29 and August 1, 2, 3, 4, 5, 8 and 9, 2016. Based on shareholder elections, the dividend consisted of approximately $1.5 million in cash and 56,728 newly issued shares of common stock, or 1.0% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.43 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on April 14, 15, 18, 19, 20, 21, 22, 25, 26 and 27, 2016. Based on shareholder elections, the dividend consisted of approximately $1.4 million in cash and 66,765 newly issued shares of common stock, or 1.2% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $13.11 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on February 16, 17, 18, 19, 22, 23, 24, 25, 26 and 29, 2016. Based on shareholder elections, the dividend consisted of approximately $1.1 million in cash and 61,029 newly issued shares of common stock, or 1.1% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.53 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on November 16, 17, 18, 19, 20, 23, 24, 25, 27 and 30, 2015. Based on shareholder elections, the dividend consisted of approximately $1.1 million in cash and 47,861 newly issued shares of common stock, or 0.9% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.28 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on August 18, 19, 20, 21, 24, 25, 26, 27, 28 and 31, 2015. Based on shareholder elections, the dividend consisted of approximately $3.4 million in cash and 126,230 newly issued shares of common stock, or 2.3% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.47 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on May 22, 26, 27, 28, 29 and June 1, 2, 3, 4, and 5, 2015. Based on shareholder elections, the dividend consisted of approximately $0.9 million in cash and 33,766 newly issued shares of common stock, or 0.6% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $16.78 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on May 15, 18, 19, 20, 21, 22, 26, 27, 28 and 29, 2015. Based on shareholder elections, the dividend consisted of approximately $0.8 million in cash and 26,858 newly issued shares of common stock, or 0.5% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.97 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on February 13, 17, 18, 19, 20, 23, 24, 25, 26 and 27, 2015. Based on shareholder elections, the dividend consisted of approximately $0.6 million in cash and 22,283 newly issued shares of common stock, or 0.4% of our outstanding common stock prior to the dividend payment. The number of shares of common stock comprising the stock portion was calculated based on a price of $14.37 per share, which equaled 95.0% of the volume weighted average trading price per share of the common stock on November 14, 17, 18, 19, 20, 21, 24, 25, 26 and 28, 2014. Based on shareholder elections, the dividend consisted of approximately $2.5 million in cash and 649,500 shares of common stock, or 13.7% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.439 per share, which equaled the volume weighted average trading price per share of the common stock on December 11, 13 and 16, 2013. Based on shareholder elections, the dividend consisted of $3.3 million in cash and 853,455 shares of common stock, or 22.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $15.444 per share, which equaled the volume weighted average trading price per share of the common stock on December 14, 17 and 19, 2012. Based on shareholder elections, the dividend consisted of $2.0 million in cash and 599,584 shares of common stock, or 18.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 20.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $13.117067 per share, which equaled the volume weighted average trading price per share of the common stock on December 20, 21 and 22, 2011. Based on shareholder elections, the dividend consisted of $1.2 million in cash and 596,235 shares of common stock, or 22.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 10.0% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $17.8049 per share, which equaled the volume weighted average trading price per share of the common stock on December 20, 21 and 22, 2010. Based on shareholder elections, the dividend consisted of $2.1 million in cash and 864,872 shares of common stock, or 104.0% of our outstanding common stock prior to the dividend payment. The amount of cash elected to be received was greater than the cash limit of 13.7% of the aggregate dividend amount, thus resulting in the payment of a combination of cash and stock to shareholders who elected to receive cash. The number of shares of common stock comprising the stock portion was calculated based on a price of $1.5099 per share, which equaled the volume weighted average trading price per share of the common stock on December 24 and 28, 2009.

Dividend (Details) - Schedule_2

Dividend (Details) - Schedule of Dividends Declared - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021	Feb. 29, 2020
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount per Share		$ 2.86	$ 2.44	$ 1.92	$ 1.23	$ 2.21
Total Amount	[1]	$ 37,409	$ 29,077	$ 22,032	$ 13,747	$ 20,097
February 15, 2024 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Mar. 13, 2024
Payment Date		Mar. 28, 2024
Amount per Share		$ 0.73
Total Amount		$ 9,967
November 15, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Dec. 11, 2023
Payment Date		Dec. 28, 2023
Amount per Share		$ 0.72
Total Amount	[1]	$ 9,803
August 14, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Sep. 14, 2023
Payment Date		Sep. 28, 2023
Amount per Share		$ 0.71
Total Amount	[1]	$ 9,287
May 22, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Jun. 13, 2023
Payment Date		Jun. 29, 2023
Amount per Share		$ 0.7
Total Amount	[1]	$ 8,352
February 28, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Mar. 14, 2023
Payment Date			Mar. 28, 2023
Amount per Share			$ 0.69
Total Amount	[1]		$ 8,193
November 15, 2022 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Dec. 15, 2022
Payment Date			Jan. 04, 2023
Amount per Share			$ 0.68
Total Amount	[1]		$ 8,081
August 29, 2022 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Sep. 14, 2022
Payment Date			Sep. 29, 2022
Amount per Share			$ 0.54
Total Amount	[1]		$ 6,433
May 26, 2022 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Jun. 14, 2022
Payment Date			Jun. 29, 2022
Amount per Share			$ 0.53
Total Amount	[1]		$ 6,370
February 24, 2022 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date				Mar. 14, 2022
Payment Date				Mar. 28, 2022
Amount per Share				$ 0.53
Total Amount	[1]			$ 6,434
August 26, 2021 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date				Sep. 14, 2021
Payment Date				Sep. 28, 2021
Amount per Share				$ 0.52
Total Amount	[1]			$ 5,889
May 27, 2021 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date				Jun. 15, 2021
Payment Date				Jun. 29, 2021
Amount per Share				$ 0.44
Total Amount	[1]			$ 4,910
March 22, 2021 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date				Apr. 08, 2021
Payment Date				Apr. 22, 2021
Amount per Share				$ 0.43
Total Amount	[1]			$ 4,799
January 5, 2021 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date					Jan. 26, 2021
Payment Date					Feb. 10, 2021
Amount per Share					$ 0.42
Total Amount	[1]				$ 4,679
October 7, 2020 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date					Oct. 26, 2020
Payment Date					Nov. 10, 2020
Amount per Share					$ 0.41
Total Amount	[1]				$ 4,581
July 7, 2020 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date					Jul. 27, 2020
Payment Date					Aug. 12, 2020
Amount per Share					$ 0.4
Total Amount	[1]				$ 4,487
January 7, 2020 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date						Jan. 24, 2020
Payment Date						Feb. 06, 2020
Amount per Share						$ 0.56
Total Amount	[1]					$ 6,262
August 27, 2019 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date						Sep. 13, 2019
Payment Date						Sep. 26, 2019
Amount per Share						$ 0.56
Total Amount	[1]					$ 5,323
May 28, 2019 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date						Jun. 13, 2019
Payment Date						Jun. 27, 2019
Amount per Share						$ 0.55
Total Amount	[1]					$ 4,336
February 26, 2019 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date						Mar. 14, 2019
Payment Date						Mar. 28, 2019
Amount per Share						$ 0.54
Total Amount	[1]					$ 4,176

[1]Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights (Details)

Financial Highlights (Details) - USD ($)			1 Months Ended		12 Months Ended
Financial Highlights (Details) - USD ($)	Jul. 14, 2022	Feb. 07, 2020	Aug. 31, 2021	Dec. 21, 2019	Feb. 29, 2024
Investment Company, Financial Highlights [Abstract]
Indebtedness amount					$ 1,000
Revolving credit facility, description					The Revolving Credit Facility, SBA Debentures, 8.75 Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2026, 7.00% Notes Payable 2025 and 6.25% Notes Payable 2027 are not registered for public trading.
Debt instrument redemption, description	On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE.	On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.5 million, respectively, in aggregate principal amount of the $74.5 million in aggregate principal amount of issued and outstanding 2023 Notes and are no longer listed on the NYSE.	On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes and, as a result of the full redemption, the 6.25% 2025 Notes are no longer listed on the NYSE.	On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.5 million, respectively, in aggregate principal amount of the $74.5 million in aggregate principal amount of issued and outstanding 2023 Notes and are no longer listed on the NYSE.

Financial Highlights (Details)

Financial Highlights (Details) - Schedule of Financial Highlights - USD ($)		12 Months Ended
		Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021	Feb. 29, 2020
Investment Company, Financial Highlights [Line Items]
Net asset value at beginning of period		$ 29.18	$ 29.33	$ 27.25	$ 27.13	$ 23.62
Net investment income	[1]	4.49	2.94	1.74	2.07	1.59
Net realized and unrealized gain and losses on investments	[1]	(3.77)	(0.75)	2.46	(0.74)	4.56
Realized losses on extinguishment of debt	[2]	(0.01)	(0.13)	(0.21)	(0.01)	(0.17)
Net increase in net assets resulting from operations		0.71	2.06	3.99	1.32	5.98
Distributions declared from net investment income		(2.82)	(2.28)	(1.93)	(1.23)	(2.21)
Total distributions to stockholders		(2.82)	(2.28)	(1.93)	(1.23)	(2.21)
Issuance of common stock above net asset value	[3]	(0.4)	(2.28)	(1.93)	(1.23)	(2.21)
Capital contribution from manager for the issuance of common stock	[4]	0.48
Repurchases of common stock	[5]	0.03	0.17	0.01	0.13
Dilution	[6]	(0.06)	(0.1)		(0.1)	(0.26)
Net asset value at end of period		$ 27.12	$ 29.18	$ 29.33	$ 27.25	$ 27.13
Net assets at end of period (in Dollars)		$ 370,224,108	$ 346,958,042	$ 355,780,523	$ 304,185,770	$ 304,286,853
Shares outstanding at end of period (in Shares)		13,653,476	11,890,500	12,131,350	11,161,416	11,217,545
Per share market value at end of period		$ 23.61	$ 27.55	$ 27.47	$ 23.08	$ 22.91
Total return based on market value	[7]	(3.92%)	10.35%	28.19%	7.63%	9.28%
Total return based on net asset value	[8]	4.20%	9.46%	15.88%	7.31%	26.22%
Ratio/Supplemental data:
Ratio of net investment income to average net assets		16.01%	10.23%	6.05%	7.77%	6.31%
Ratio of loss on extinguishment of debt to average net assets		0.03%	0.46%	0.74%	0.04%	0.67%
Ratios of operating expenses and income taxes to average net assets	[2]	8.59%	7.71%	6.48%	6.90%	6.10%
Ratio of incentive management fees to average net assets		2.26%	1.47%	3.58%	1.65%	6.01%
Ratio of interest and debt financing expenses to average net assets		13.84%	9.73%	6.03%	4.56%	6.23%
Ratio of total expenses and income taxes to average net assets	[2]	24.70%	18.91%	16.09%	13.11%	18.34%
Portfolio turnover rate	[9]	2.80%	24.05%	33.59%	25.26%	36.82%
Asset coverage ratio per unit (in Dollars)	[4]	$ 1,610	$ 1,659	$ 2,092	$ 3,471	$ 6,071
Average market value per unit
Revolving Credit Facility	[10]
SBA Debentures Payable	[10]
6.75% Notes Payable 2023 [Member]
Average market value per unit
Average market value per unit	[11]
8.75% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[10]
6.25% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[12]				24.24	25.75
7.00% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[10]
7.25% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[13]			26.18	25.77
7.75% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[10]
4.375% Notes Payable [Member]
Average market value per unit
Average market value per unit	[10]
4.35% Notes Payable [Member]
Average market value per unit
Average market value per unit	[10]
6.00% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit		23.51	23.97
6.25% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit	[10]
8.00% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit		25	25.08
8.125% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit		25.05	25.1
8.50% Notes Payable 2028 [Member]
Average market value per unit
Average market value per unit		$ 25.17

[1] Per share amounts are calculated using the weighted average shares outstanding during the period. Certain prior period amounts have been reclassified to conform to current period presentation. The continuous issuance of common stock may cause an incremental increase in NAV per share due to the sale of shares at the then prevailing public offering price and the receipt of net proceeds per share by the Company in excess of NAV per share on each subscription closing date. The per share data was derived by computing (i) the sum of (A) the number of shares issued in connection with subscriptions and/or distribution reinvestment on each share transaction date multiplied by (B) the differences between the net proceeds per share and the NAV per share on each share transaction date, divided by (ii) the total shares outstanding during the period. Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. Asset coverage ratio per unit does not include unfunded commitments. The inclusion of unfunded commitments in the calculation of the asset coverage ratio per unit would not cause us to be below the required amount of regulatory coverage. 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 periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. Total investment return is calculated assuming a purchase of common shares at the current NAV on the first day and a sale at the current NAV on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. 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. The Revolving Credit Facility, SBA Debentures, 8.75 Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2026, 7.00% Notes Payable 2025 and 6.25% Notes Payable 2027 are not registered for public trading. On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.5 million, respectively, in aggregate principal amount of the $74.5 million in aggregate principal amount of issued and outstanding 2023 Notes and are no longer listed on the NYSE. On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes and, as a result of the full redemption, the 6.25% 2025 Notes are no longer listed on the NYSE. On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE.

Selected Quarterly Data (Unau_3

Selected Quarterly Data (Unaudited) (Details) - Schedule of Selected Quarterly Data - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Qtr 4 [Member]
Schedule of Selected Quarterly Data [Line Items]
Total investment income		$ 37,233	$ 32,315	$ 18,980
Net investment income		12,785	9,650	5,796
Net realized and unrealized gain (loss)		(7,478)	9,934	2,725
Realized losses on extinguishment of debt	[1]		(382)	(2,434)
Net increase in net assets resulting from operations		$ 5,307	$ 19,202	$ 8,404
Net investment income per common share (in Dollars per share)		$ 0.94	$ 0.81	$ 0.48
Net realized and unrealized gain (loss) per common share (in Dollars per share)		(0.55)	0.81	0.23
Dividends declared per common share (in Dollars per share)		0.72	0.68	0.53
Net asset value per common share (in Dollars per share)		$ 27.12	$ 29.18	$ 29.33
Qtr 3 [Member]
Schedule of Selected Quarterly Data [Line Items]
Total investment income		$ 36,340	$ 26,257	$ 16,502
Net investment income		14,166	9,877	5,197
Net realized and unrealized gain (loss)		(18,222)	(3,863)	3,908
Realized losses on extinguishment of debt	[1]			(118)
Net increase in net assets resulting from operations		$ (4,056)	$ 6,014	$ 8,340
Net investment income per common share (in Dollars per share)		$ 1.09	$ 0.83	$ 0.45
Net realized and unrealized gain (loss) per common share (in Dollars per share)		(1.4)	(0.32)	0.34
Dividends declared per common share (in Dollars per share)		0.71	0.54	0.52
Net asset value per common share (in Dollars per share)		$ 27.42	$ 28.25	$ 29.17
Qtr 2 [Member]
Schedule of Selected Quarterly Data [Line Items]
Total investment income		$ 35,514	$ 21,853	$ 18,442
Net investment income		13,965	7,698	6,393
Net realized and unrealized gain (loss)		(5,959)	(5,545)	3,101
Realized losses on extinguishment of debt	[1]	(110)	(1,205)	(1,552)
Net increase in net assets resulting from operations		$ 7,896	$ 948	$ 7,942
Net investment income per common share (in Dollars per share)		$ 1.15	$ 0.64	$ 0.57
Net realized and unrealized gain (loss) per common share (in Dollars per share)		(0.49)	(0.46)	0.29
Dividends declared per common share (in Dollars per share)		0.7	0.53	0.44
Net asset value per common share (in Dollars per share)		$ 28.44	$ 28.27	$ 28.97
Qtr 1 [Member]
Schedule of Selected Quarterly Data [Line Items]
Total investment income		$ 34,632	$ 18,679	$ 16,816
Net investment income		15,959	7,976	2,556
Net realized and unrealized gain (loss)		(16,172)	(9,464)	18,493
Realized losses on extinguishment of debt	[1]
Net increase in net assets resulting from operations		$ (213)	$ (1,488)	$ 21,049
Net investment income per common share (in Dollars per share)		$ 1.35	$ 0.66	$ 0.23
Net realized and unrealized gain (loss) per common share (in Dollars per share)		(1.36)	(0.78)	1.66
Dividends declared per common share (in Dollars per share)		0.69	0.53	0.43
Net asset value per common share (in Dollars per share)		$ 28.48	$ 28.69	$ 28.7

[1]Certain prior period amounts have been reclassified to conform to current period presentation.

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	12 Months Ended
Subsequent Events (Details) $ in Millions	Feb. 29, 2024 USD ($)
Subsequent Events (Details) [Line Items]
Borrowings amount	$ 50
Minimum drawn amount	12.5
Facility amount	$ 25
Facility, interest rate	50%
Unused commitments fee percentage	0.50%
Minimum [Member]
Subsequent Events (Details) [Line Items]
Commitment amount	$ 50
Credit facility bear interest rate	3.50%
Maximum [Member]
Subsequent Events (Details) [Line Items]
Commitment amount	$ 150
Credit facility bear interest rate	4.25%