Sec Form 13G Filing - Lenders Funding LLC filing for GREAT ELM CAP CORP NT (GECCZ) - 2023-03-27

Great Elm Capital Corp. 

(Name of Issuer)

☐

Rule 13d-1(b)

☒

Rule 13d-1(c)

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Rule 13d-1(d)

1.

Names of Reporting Persons

Lenders Funding, LLC

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ☐

(b) ☐

3.

SEC Use Only

4.

Citizenship or Place of Organization

New York

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5.

Sole Voting Power

0

6.

Shared Voting Power

471,003¹

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

471,003¹

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

471,003¹

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.

Percent of Class Represented by Amount in Row (9)

6.2%

12.

Type of Reporting Person (See Instructions)

OO

Item 1.

Security and Issuer.

(a)

Name of Issuer

Great Elm Capital Corp.

(b)

Address of Issuer's Principal Executive Offices

800 South Street, Suite 230, Waltham, MA 02453

Item 2.

Identity and Background.

(a)

Name of Persons Filing

Lenders Funding, LLC is filing this statement on Schedule 13G (the “Reporting Person”).

(b)

Address of Principal Business Office or, if none, Residence

The principal business address for Lenders Funding, LLC is 9345 Terresina Dr., Naples, FL 34119.  

(c)

Citizenship

For citizenship of Reporting Person, see Item 4 of the cover sheet.

(d)

Title of Class of Securities

Common Stock, Par Value $0.01 per share

(e)

CUSIP No.

390320109

Item 3.

If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

(a)

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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);

(e)

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An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

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An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

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A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

(k)

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Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount beneficially owned:  As of December 31, 2022, Lenders Funding, LLC beneficially owned 471,003 shares of Common Stock of Great Elm Capital Corp.   

(b)

Percent of class: 6.2% (based on 3,397,436 shares of Common Stock outstanding as of February 23, 2023, as disclosed in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2023.)

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote: 0

(ii)

Shared power to vote or to direct the vote: 471,003

(iii)

Sole power to dispose or to direct the disposition of: 0

(iv)

Shared power to dispose or to direct the disposition of: 471,003

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

N/A

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

N/A

Item 8.

Identification and Classification of Members of the Group

N/A

Item 9.

Notice of Dissolution of Group

N/A

Item 10.

Certification

Lenders Funding, LLC

Dated: March 27, 2023

By: 

/s/ John Benkovich

Name:

John Benkovich

Title:

Chief Operating Officer