LOANS RECEIVABLE (Tables)

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Schedule of Loans Receivable

Loans receivable consist of the following:

	September 30, 2020		December 31, 2019
	(in thousands)
SBA 7(a) loans receivable, subject to credit risk	$	31,629	$	25,689
SBA 7(a) loans receivable, subject to loan-backed notes	24,218		27,598
SBA 7(a) loans receivable, paycheck protection program	16,016		—
SBA 7(a) loans receivable, subject to secured borrowings	8,888		12,644
SBA 7(a) loans receivable, held for sale	8,563		1,601
Loans receivable	89,314		67,532
Deferred capitalized costs	832		1,145
Loan loss reserves	(832)		(598)
Loans receivable, net	$	89,314	$	68,079