The Three Steps Involved in the Application of GreenSky Credit

  • Introduction

Apparently, every industry is very competitive, which means that owners of the business have to ensure that their organizations are competent enough to operate in the sector efficiently irrespective of the prevailing competition. The level of competition has forced companies to use innovative methods to attract and retain customers and help their businesses to move to the next level. Contractors and builders have been accessing various mobile solutions with the aim of making their markets more efficient and customer oriented.

  • GreenSky Credit Program

One of the innovative method that builders and contractors are using is GreenSky Credit program, a technological solution that is geared towards offering quality financial services to the members of the public. However, the strategy ensures that borrowers and lenders are brought together through a credit platform that helps borrowers to access money with ease. Builders are using this platform to help their customers to get immediate funding for their projects.

How GreenSky Credit Works

The mobile-based credit platform ensures that any business, irrespective of its size, gets a maximum of $55,000 which will be used in offering credit services and goods to the consumers. The money is acquired through a faster speed that does not involve the traditional filing of papers and other bureaucratic procedures. The following are three steps that one requires to undertake in order to acquire credit from GreenSky LLC.

  1. Application

This is the first step where the borrower is required to apply for the loan through the company website or through the mobile app. An individual is needed to fill critical personal details for identification and loan retrieval process. Additionally, any person applying for this loan is necessary to highlight that purpose of the loan, i.e., construction.

  1. Application Review

The lending institutions will review the application process upon which they will determine whether a person has qualified for the loan applied or not. If lenders have approved the loan application, the customer will get an account number.

  1. 3. Loan Processing

The processing stage takes less than forty-eight hours upon which an individual will get the requested amount of money. Note that the funds will be deposited in the GreenSky Credit Account.

Source

The Balance Small Business- https://www.thebalancesmb.com/greensky-credit-mobile-solution-844894

https://www.wsj.com/articles/whos-the-most-valuable-online-lender-after-this-deal-its-greensky-1514911495