GreenSky Credit Provides Unique Financing Solution

When it comes to providing loans to consumers, many banks have found that providing home improvements loans is challenging and cumbersome. Because of this, consumers need to find another solution to get the loan that they need. For the past 10 years, one of the best providers of home improvement loans in the world has continued to be GreenSky Credit.

When you get a loan from GreenSky Credit, you can be assured that you are working with a company that is knowledgeable about this type of lending product. They have provided hundreds of thousands of loans to people all over the country, which are used for a variety of different purposes.

Unlike other online banking and finance companies, GreenSky Credit is not actually the lender on these loans. Instead, GreenSky Credit partners up with other traditional banks and lenders to originate and service the loans. The company is then paid a fee for the servicing and for the origination of the loans. The banks then collect the rest of the profits, but also take on all of the risk.

Another unique advantage that GreenSky Credit has formed is that they partner with general contractors and home improvement providers. Overall, they have a partnership with more than 15,000 contractors across the country. When working with these contractors, GreenSky is able to provide a loan that the homeowners can use to make the improvements. The contractors are often able to win business by being able to provide these loans to consumers.

Due to the unique product that GreenSky Credit is able to provide, the company and its CEO, David Zalik, have been very successful with investors. Over the past few years, the company has continued to raise capital from outside investors, which have continued to increase their valuation. Now that the company is growing to an even larger size, David Zalik is eyeing opportunities to raise even more capital. One great option for the company may be to raise and IPO and become public. This would provide them with a lot more access to capital, which will prove to be very beneficial in the future.

 

https://cardconnect.com/partner/greensky