GreenSky Is Redefining The Home Improvement LoanNovember 14, 2018 - Author: steph
Did you know that Americans spent hundreds of billions of dollars on home improvements in 2017 alone? The sad fact is that most of those Americans did not have the required funding to do those improvements on their own. They had to find some way to borrow money in order to make those adjustments to their home. That being said, it is well worth the money to most people if they were able to add value to their home in the long run. Finding funding is the hardest part of this entire process. That is where a new app by the name of GreenSky has come into play.
This particular company has not been in business for an extremely long time, but their ideas are fresh and raising a lot of interest both on Main Street and Wall Street. The venture has been so successful up to this point that GreenSky even decided to go public. When they released their initial public offering their expectations were set to sell approximately 34 million shares on their first day of trading. Investors were so excited to buy into this hot new company that they were able to sell more than 4 million additional shares over the amount that they expected. In total this generated hundreds of millions of dollars of much-needed capital to help to continue to grow GreenSky.
You wouldn’t realize all of this by speaking to the CEO and founder of the company, David Zalik. He is the kind of person that is not likely to grab the spotlight for himself. Instead, he was focused for the last decade or so on helping to build this company up from nothing to the multimillion-dollar enterprise that it is today. You have to give the man a lot of credit for all the work that he has been able to accomplish up to this point. There are already nearly 2 million people who can count themselves as customers of GreenSky. Borrowing for a home improvement has never been easier thanks to GreenSky, and this is just the beginning. The same company is preparing to offer more services in the years to come. They have already begun to do so in the healthcare sector. We can only assume what they might reach for next.