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 meetsthe 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.
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.
There is nothing as frustrating as being subjected to tedious processes of loan application, especially when you need the fund for emergency purposes. This has happened to many people during their borrowing process, which in some instances have distracted the progress of the borrower’s projects. If this has ever happened to you or your friend, or even a relative, then your worries should cease immediately. This is because GreenSky Credit has invented a new online platform that connects the customers directly to theirfinancial lenders, which enables their loans to get processed and approved within the platform and within a short period, their borrowed funds remitted into their banks. All this happens without the customers moving an inch. They only need to have a smartphone or a computer and some internet and all the processes done in the comfort of their houses.
GreenSky Credit has been in operation for more than a decade, and since its foundation, the organization has continued to show remarkable growth that can be attributed to many factors. The company, being a financial institution, does not offer credit facilities to individual customers. Instead, they support thelending institutions and other creditors in their operations by offering financial support to them, hence boosting their capacity to lend more to their borrowers and also to a larger number of customers. The most impressive bit about the new platform that GreenSky Credit has adopted is that customers of the individual lending firms do not need to visit the firms for them to access the credit. They have provided a utility that enables them to visit GreenSky Credit’s website, and all the required processes and approvalsare done online.
The current CEO of the firm has also been a critical success factor for the firm. Through his proficiency in credit and debt management, David Zalik, who also owns more than half of GreenSky Credit, has managed to spearhead the company’s growth to the extent that it has been named one of the best lenders in the US. Zalik has also motivated his junior staff to establish strong relationships with the small financial lenders so that they can leverage on their customer base.