GreenSky Credit is a financial technology entity based in Georgia, in the larger state of Atlanta. The primary purpose of the organization is to offer a credit platform where borrowers and lenders can meet and lend or borrow from one another with ease. However, the organization does not provide a platform for individuals to acquire any loan but mostly focuses on ensuring that the loans provided by the entity are mainly focused on health care, home improvement, and solar energy. You can as well buy other consumer goods if all that’s what you want.
- What is the GreenSky Program?
A GreenSky credit platform is a technology that brings all those who want to borrow in a single platform and all those who want to lend in a single platform. It’s like a market where the seller meets the buyer, and the two can exchange goods and services. The advantage is that no standard loan application procedure blocks many individuals out which means that only people with good credit scores can access credits. Here, every person who is interested in home improvement loans or installing solar panels at home will get loans with ease.
GreenSky Credit lenders are not your usual lender who will sometimes lack the necessary resources to fund your business and tell you to come the next day. All the lenders brought about by this platform are federally insured organizations that have enough cash reserves to provide to all citizens and borrowers who need to buy various goods and services. This explains why the lending institutions have offered more than $5 billion within less than five years.
GreenSky Trading Partners and Merchants
On the other hand, you don’t just need credit, but you also need organizations that will be providing you the goods and services on credit terms. This program has partnered with some of the largest multinational organizations in the industry such as Sears and Home Depot. This is general merchants that have everything that you think you would like to have. This makes it fun and easy for the members to get all the goods and services they want from companies with reputation.