Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

Related Party Transactions	12 Months Ended
Dec. 31, 2021
Related Party Transactions
Related Party Transactions	12. 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 adheres to prevailing 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 December 31, 2021, and 2020, loans to known shareholders totaled $16,629,844 and $9,356,336, respectively. Interest income earned on these loans totaled $830,925 and $649,159 for the years ended December 31, 2021 and 2020, respectively. During the years ended December 31, 2021 and 2020, the wife of the Company’s chief executive officer was employed by the Company as its director of finance. She received a salary of $120,000 for 2021 and $108,000 for 2020. During the year ended December 31, 2021, the Company hired the daughter of the Company’s chief executive officer to perform certain internal audit and compliance services. For 2021, she received compensation of $10,962.

Related Party Transactions

12 Months Ended

Dec. 31, 2021

12. 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 adheres to prevailing 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 December 31, 2021, and 2020, loans to known shareholders totaled $16,629,844 and $9,356,336, respectively. Interest income earned on these loans totaled $830,925 and $649,159 for the years ended December 31, 2021 and 2020, respectively.

During the years ended December 31, 2021 and 2020, the wife of the Company’s chief executive officer was employed by the Company as its director of finance. She received a salary of $120,000 for 2021 and $108,000 for 2020. During the year ended December 31, 2021, the Company hired the daughter of the Company’s chief executive officer to perform certain internal audit and compliance services. For 2021, she received compensation of $10,962.