GreenSky Credit deals with online loan brokerage services. It functions as a third-party programs administer and service provider for state and federally chartered banks that offer consumer loans. The company enables financial organizations to give advances to their customers.
GreenSky has advance programs for furniture retailers, home improvement merchants, and elective medical contractors. It provides revolving credit products and installment loans. Its services are ideal for small, medium, and large consumers and enterprises. The organization operates from Atlanta, Georgia as a GS Holdings LLC subsidiary.
David Zalik determination and connections with potential clients led to the establishment of the loan company. Zalik and Robert Sheft paired to aid small businesses provide instant financing to customers. They first targeted the local contractors for their packages.
Zalik used loans and investors like Nigel Morris to finance GreenSky Credit. Mr. Morris helped GreenSky connect with consumers from other regions. In 2016, Fifth Third was another investor who helped the company raises the needed operational funds. Zalik has transferred the executive offices to a multistory building across town. The organization continues to adhere to its culture even after the move.
About David Zalik
David Zalik is the CEO and Co-Founder of GreenSky Credit. He also serves as chair of the board of directors and chief executive officer of its Financial department. In 1999, Zalik established MicroTech Information Systems while in Auburn University. He was among the founders who started The Resource Institute, The Rockbridge Commercial Bank, and Phoenix, LLC.
Mr. David Zalik worked at RockBridge Commercial Bank as a director. He was a board member of Hands on Atlanta, Marcus Community Center, and Jewish Federation of Greater Atlanta. Zalik won the Catalyst Entrepreneur of the Year title in 2003, Abe Schwartz Young Leadership Award in 2000, and EY Entrepreneur Of The Year in 2016.
The 43-year-old entrepreneur uses his skills and experience to run the online loan entity. GreenSky Credit approves unsecured loans to clients with passable FICO scores. It implements a model that transfers work, risk, and profits to other parties. The entity contractors market the credit products to homeowners and pay GreenSky six percent of the loan amount.