GreenSky Credit, a popular lending program supported by GreenSky of Atlanta, Georgia, has connected about $13 billion in funding for relatively small projects – ranging anywhere in size from $1,000 to $55,000 – to roughly 1.9 million customers, with all such financing agreements hailing from just 13,000 financial institutions that GreenSky Credit partners with.
GreenSky Credit is highly reputable
The company has quite a bit of credibility thanks to its relationships with financial institutions with lending programs that are insured by the federal government, chartered by the federal government and relevant state governments, as well as direct financing agreements with customers – although GreenSky Credit hooks the pairs of customers and lenders up, the company doesn’t have its name on any financing agreements, making such deals between lenders and borrowers that much easier.
Home improvement projects and construction companies often call for funding from GreenSky
Contractors – their full legal identification is independent contractors – typically can’t be guaranteed to complete jobs they claim they can take care of because most contractors are self-employed. Countless times throughout the years – this has happened all over the world, as well – contractors have promised customers to complete jobs at a certain date with various agreed-upon terms to make sure such specifications are up to both of their expectations just to run off with customers’ money.
As such, home improvement customers typically only pay their bills according to an installment schedule; for example, most of them are paid in four or five parts.
Often times, customers aren’t always around to keep a close watch over the progress of contractors, sometimes being forced to take long trips just to check on the progress of what they’re paying to be built.
This leaves builders out of money for longer than what’s necessary. Rather than having to wait around for customers to release upcoming disbursements, many contractors look to GreenSky Credit to pay their employees and secure building supplies to keep their projects on schedule.
This leaves builders out of work for d