GreenSky credit offers first truly instant loans for amounts in the $10,000s

GreenSky Credit has taken the fintech world by storm. The company was founded just 13 years ago. But in its brief lifespan, it has become the dominant player in the fintech lending business, doing more than $5 billion in new loans each year.

The secret behind the incredible success of GreenSky has been the fact that the company has pioneered a truly novel means of financing big-ticket items, directly at the point of sale. The company is the first to offer truly instantly approved loans for amounts of up to six figures. This means that for the first time, qualifying customers have access to credit facilities that can allow them to immediately begin work on their dream renovations for their home. And GreenSky is now expanding into a large number of other fields, including high-end dental work, cosmetic surgeries, roofing and window replacement.

Bridge financing for all

GreenSky is the first company to do what has always been a critical task in the world of real estate development. Without the ability to secure short-term financing to access the cash needed for their projects, real estate developers the country over would be unable to complete the majority of their developments. This short-term financing is what makes the world of real estate development go round.

GreenSky has now made it possible for individuals who face the same problems with the enormous costs of cash-intensive remodeling projects to access the same types of credit facilities that the biggest players rely on. This short-term bridge financing for retail consumers has added billions of dollars each year to the home improvement economy. And it is helping customers to add value to their homes as well. The types of projects for which the company lends money almost always result in net home-value gains when adjusting for the cost of the projects themselves.

By being first to market with retail bridge financing, GreenSky has gained a long-term competitive advantage in the space that will be very difficult for other entrants to contend with. And this makes the company’s long-term dominance all but assured.

https://www.glassdoor.com/Reviews/Greensky-Reviews-E937061.htm

GreenSky Credit Emerges as One of America’s Top Three Fintech Companies

The emergence of financial technology companies, or commonly referred to as FinTech, has taken the financial industry by the storm. FinTech utilizes technology and innovations to improve financial activities up to the point where traditional financial services will walk the way of the dinosaurs. GreenSky Credit was established in 2006 and has become one of the largest FinTech companies in the United States. Co-founder and CEO David Zalik has turned his tech-based lending firm into a multi-billion dollar company. Based in Atlanta, Georgia, GreenSky Credit offers its services to help fund a wide variety of home improvement projects and healthcare related issues that are not covered by the customer’s insurance. GreenSky Credit has provided reliable payment solutions to over a million consumers and had funded well over 12 billion loans since its inception.

CEO David Zalik has worked in the banking industry for years. His savvy idea for GreenSky Credit was brought into existence after the realization that home remodeling contractors were the key to one of the nation’s most lucrative markets, homeowners. Mr. Zalik, a high school dropout turned self-made billionaire, remarkably started his company in his own basement. The company’s straightforward mobile app and its overall services had become a go-to for many contractors across the nation. GreenSky soon shot up in the ranks as one of America’s most valuable FinTech operations.

The company has partnered with 14 large financial institutions including Regions, Fifth Third and SunTrust. The entire operation works by transferring a chunk of the risk and work to affiliated parties, all the while profiting from both sides involved in the deal. Basically, every time a home improvement contractor successfully markets a loan to a homeowner, GreenSky will receive roughly 6 percent of that loan amount. The company is recognized for its ability to service customers who desire smaller amounts than what a traditional bank would typically lend. David Zalik believes that his scalable business will continue to increase its loan volume by the end of the year.

https://www.bbb.org/atlanta/business-reviews/loan-servicing/greensky-trade-credit-in-atlanta-ga-27259210/reviews-and-complaints