An increase in the non-accrual ratio is Hercules Capital's biggest risk.

Source: https://seekingalpha.com/article/4579827-hercules-capital-stock-12-5-percent-yielder-buy?source=feed_all_articles

If rates continue to rise and stay elevated, the BDC could see more companies placed on a non-accrual status.

Source: https://seekingalpha.com/article/4637848-runway-growth-finance-stock-consider-this-12-yield-your-portfolio?source=feed_all_articles

Nolan has been yellow for a while now since COVID being more dependent on in-person business interaction and has been on non-accrual status since last year.

Source: https://seekingalpha.com/article/4616374-saratoga-investment-corp-sar-q1-2024-earnings-call-transcript?source=feed_all_articles

So it didn't have any -- that was not connected to the decrease in our non-accrual loans.

Source: https://seekingalpha.com/article/4573694-heartland-financial-usa-inc-htlf-q4-2022-earnings-call-transcript?source=feed_all_articles