How to Own a Transaction: GreenSky Credit

GreenSky, Inc., was founded back in 2006 and its headquarters are in Atlanta, Georgia. The company is in the financial technology market and partners with banks and other merchants to provide consumers with loans for healthcare, home improvement and other vital purposes through GreenSky credit. The company’s primary customer base is home remodeling contractors and homeowners.

GreenSky credit provides its services through a mobile app which it markets to contractors who in turn introduce it to homeowners as a tool to enable them to apply for loans. The main selling point for the contractors is that it helps them attract more customers to their business. GreenSky credit doesn’t, however, use its capital to finance the loans. Instead, it partners with banks that provide the loans. The contractors and the banks pay a certain percentage of the loan amount to GreenSky. This is a genius business plan since the company transfers most of the risk and work to the other parties and still benefits from both sides.

The company’s CEO and co-founder David Zalik is an Israeli immigrant who was raised in Alabama since he was four years old. He never graduated high school or college. His father was a mathematics professor at Auburn University where Zalik attended part-time classes after turning thirteen and later enrolled full time instead of going to high school. At some point, he started buying computer parts and assembling them to PC’s and then selling them. He later dropped out to focus on his company MicroTech which he later sold when he was twenty-two for a couple of million dollars.

After starting the company in 2006, it wasn’t until around 2013 that the GreenSky credit model that involved contractors began showing some promise. Over the years the company has sold some of its stock to other investors, but Zalik still owns the majority of the company which puts him on the mark of billionaires with a net worth of about 2.5 billion.

The GreenSky Credit provides the loans in a matter of hours in a few simple steps; a contractor is chosen, approved and trained and later chooses the type of loans he wants to offer his customers, he then pitches it to a potential customer and helps them apply and when approved receives an account number. If the customer accepts the terms of the loan, the payment is approved to the contractor by providing the account number and paying a percentage of the amount to the contractor according to their agreement. The contactor then receives the loan within 24 hours.

https://www.glassdoor.com/Reviews/Greensky-Reviews-E937061.htm

Orange Coast College – article recap

The prestigious California Orange Coast College has recently cut a ceremonial ribbon for its brand new recycling center. This affordable college was opened in 1947 in Costa Mesa. People come from all over to prepare for various careers. For at least 30 years, Orange Coast College has been leading the communities efforts in environmental waste reduction. They had a smaller recycling center that served the public for many years. The new structure is beautiful, as well as functional. It boasts eco-friendly photovoltaic lighting that is cost effective and reduces expensive fuel costs necessary for electricity plants. The enlarged parking lot can hold 45 vehicles easily.

 

This college continues to promote their recycling cause within the community. They team up with other area environmental groups to provide many terrific environmental services. People can drop off unwanted junk every week day. The center pays standard California rates to residents of 5+ cents for each glass bottle. They also pay per pound for other items like aluminum cans, HEPA bottles and various forms of paper products. This college takes used appliances and electronics including televisions, computers and printers. California’s landfill trash is being vastly reduced by recycling efforts such as this one.

 

The College has been awarded funds from several private and government environmental conservation organizations. They are using these monies to improve the college dorms, education programs, building upgrades, better student parking and increased campus safety. They are also finding ways to cut operational costs to keep student tuition and fees down at reasonable prices. Orange Coast County provides education in approximately 135 career/job educational fields, and many of its students continue on to other public and private top-notch state universities when their studies at Orange Coast College are complete. The school recently remodeled and modernized their popular science building.

 

Individuals can find out more regarding specific recycling limits by contacting the college (https://www.glassdoor.com/Reviews/Orange-Coast-College-Reviews-E129415.htm). They can’t take hazardous waste, chemicals, motor oils or furniture among other things. This is a fantastic way for the area residence to clean out trash and earn some coins. The environment is important to Orange Coast College.