LuxuryOS7
895 posts







Private credit is broken. I spent the last year talking to people who lend to working businesses. Equipment distributors, solar installers, industrial contractors. The companies that fund the physical economy. Same story in every conversation. A contractor in Phoenix lands a $400k solar install. The supplier wants payment before the panels leave the warehouse. The customer pays net 60 once the system is on the roof. The contractor sits in the middle, fronting capital they don't have, waiting on a credit decision that takes weeks. Sometimes months. Six months is not unusual. And the credit itself is fine. The Federal Reserve has commercial and industrial delinquencies under 2%, chargeoffs under 1%. This is some of the most predictable lending in the country. The real friction here is paperwork. So while we wait, capital sits in money market funds earning a few basis points. Deals fall through. Working businesses lose growth they would have captured. The supplier eats the float. The customer eats the delay. Everyone pays for the inefficiency, and nobody is collecting. A trillion-dollar market in this US alone, moving at the speed of fax machines. This is fixable. @w3arew3

