Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

Related Party Transactions	3 Months Ended
Mar. 31, 2021
Related Party Transactions
Related Party Transactions	9. Related Party Transactions In the ordinary course of business, the Company may originate, fund, manage and service loans to shareholders. The underwriting process on these loans is consistent with Company policy. The terms of such loans, including the interest rate, income, origination fees and other closing costs are the same as those applicable to loans made to unrelated third parties in the portfolio. As of March 31, 2021, and 2020, loans to known shareholders totaled $10,589,641 and $5,922,692, respectively, and interest income earned on these loans totaled $231,609 and $180,107, respectively. For the three-month periods ended March 31, 2021 and 2020, the wife of the Company’s chief executive officer was paid $28,206 and $25,000, respectively, for accounting and financial reporting services provided to the Company.

Related Party Transactions

3 Months Ended

Mar. 31, 2021

9. Related Party Transactions

In the ordinary course of business, the Company may originate, fund, manage and service loans to shareholders. The underwriting process on these loans is consistent with Company policy. The terms of such loans, including the interest rate, income, origination fees and other closing costs are the same as those applicable to loans made to unrelated third parties in the portfolio. As of March 31, 2021, and 2020, loans to known shareholders totaled $10,589,641 and $5,922,692, respectively, and interest income earned on these loans totaled $231,609 and $180,107, respectively.

For the three-month periods ended March 31, 2021 and 2020, the wife of the Company’s chief executive officer was paid $28,206 and $25,000, respectively, for accounting and financial reporting services provided to the Company.