Most everyday consumers probably haven’t heard of GreenSky Credit. But this quiet company is shaking up the home improvement, retail, and healthcare industries. What started as a simple concept has turned into a multi-billion dollar business.
David Zalik, CEO of GreenSky Credit, came here as an immigrant when he was 4. He loved paging through math textbooks, and at age 13 he aced the SATs. College followed and many innovative ideas for earning money. His different experiences led him to offer a unique way for home contractors to receive a bigger bid while giving homeowners a chance to pay for the project of their dreams.
GreenSky Credit is a relatively simple premise. It simply links homeowners to banks that are willing to take on construction loans. The application process is fast and easy and the contractor has access to the money as soon as the homeowner is approved. Instead of a couple saving $5,000 for new windows, they can pay that money out over time in the form of an installment loan. This gives the homeowners better options of paying and often increases the size of the project, which benefits the contractor.
Today, GreenSky Credit has also branched out to include healthcare loans for those who are facing medical bills they cannot pay and furniture retailers. Business owners, as well as the consumers who have gotten a loan through GreenSky Credit, have been impressed with the smooth process.
In what many financial experts consider a smart move, David Zalik stays out of the public eye as much as possible. He isn’t ready for an IPO as of yet, as he likes to be in control of his own company. You won’t see him doing TV commercials and interviews and he doesn’t raise money for his business. He put $10 million of his own money into the business to start out with and has avoided the need for investors ever since.
GreenSky Credit has earned a rating of A+ from the Better Business Bureau. As the company expands, be prepared to start hearing their name more often.