Tag Archives: Silicon Valley company

GreenSky Credit And David Zalik Do it – And They Do It Big

David Zalik is best known as the co-founder and Chief Executive Officer of GreenSky LLC. Mr. Zalik has an incredibly bright mind, so truly bright that he dropped out of high school at just 13 years of age – and by “dropped out,” I mean he immediately graduated high school by passing secondary school exit exams in the state of Alabama and used his near-perfect SAT scores to end up on Auburn University’s campus, one of the brightest in terms of academics in the state.

GreenSky Credit is another common name for GreenSky – the company essentially acts as a broker between lenders with tens upon hundreds of millions of dollars in capital and tens of thousands of loan applicants hoping to become approved customers. However, unlike true brokers who simply act as middlemen or third-party marketing services that attract customers and initialize transactions before shipping them onto their creditor or debtor destinations.

Without the juice Mr. David Zalik brings to the table through his strategy and personality, GreenSky Credit wouldn’t have set up transactions worth $10 million, let alone upwards of $12 billion since its inception in 2006.

Zalik, a billionaire known for his entrepreneurial skill, was even able to take GreenSky LLC public to raise even more capital for its operations. Less than two years ago, GreenSky LLC reeled in some $50 million on an independent valuation of $3.6 billion in total assets. This happens quite frequently at the Atlanta, Georgia-based business; it’s known as one of hottest investment raisers in the Southeast.

Since David Zalik has such a high personal wealth, he’s able to solicit hefty investments in his co-founded corporate creation of GreenSky Credit from long-term business partners that often invest in GreenSky Credit, newbies who quickly find out they can trust Mr. Zalik with whatever they desire.

Here’s how Greensky Credit reels in the dough – the contractors that send out the loans to customers through the intermediary of GreenSky Credit break off about 5 to 6 percent of the loan’s value; GreenSky, under David Zalik’s expert leadership, is also able to double dip on commissions earned by taxing customers.

https://www.forbes.com/sites/laurengensler/2017/08/08/greensky-billionaire-david-zalik-home-improvement-loans/#4bee93c16876