I forecast a situation where the demand for capital and default rates will both increase. Inflation is hitting businesses hard by driving up their production costs and bank rates are increasing due to the Federal Reserve's attempt to drive off this inflation by increasing the federal funds rate. What this means is that bank loans will dry up and a lot more merchants will be forced into alternative funding solutions like MCAs. Until the economics of production become more favorable to merchants, though, defaults will correspondingly rise with this demand for capital. Try to make sure the clients you take on are solvent enough, not overly leveraged, and go with a funder that doesn't use clawbacks if the worst-case scenario of default does occur.