GreenSky Credit Looking for New Financing Options

Being able to gain access to credit when you need it is very important. One company that has been providing consumers with access to reliable loans for more than a decade is GreenSky Credit. This company entered the lending industry just as the financial crisis was hitting. While other lenders were closing down consumer lending wings, this company was continuing to provide new loans. Over the past decade, the company has continued to grow at a very fast rate. They are now a leading provider of consumer loans, which are generally used by people to complete home renovations, repairs, and property expansions.

There are many ways that GreenSky Credit is able to differentiate themselves from other lenders. While there are other private lenders available for online loan, GreenSky Credit has been able to grow at a quick rate due to the partnerships that they have with other lenders. When the company provides you with a loan, they are actually receiving the majority of the capital from a traditional bank. The company then is paid to originate and service the loan going forward. Since they are not required to raise their own capital, the company has been able to grow at a very fast rate.

Due to the great service and growth that the company has been able to achieve, they are continuing to gain interest from investors. GreenSky has gone through several rounds of venture capital and private equity raises. In this time, the company has been able to achieve a valuation that is well in excess of several billion dollars. Due to the continued growth, they are now looking for other ways to raise capital as well.

One of the main strategies that the company is considering today is taking the company public. The CEO, David Zalik, is looking into a variety of strategies that could be used to raise capital in the public markets. If they are able to raise more money through the public markets, it would free up a lot more ability for the company to grow, offer new services, and market to a broader audience.

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

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