Sahm Adrangi on David Zalik’s Greensky Credit: Entrepreneurial Spirit

David Zalik is a business magnate and CEO of a technology financial institution, GreenSky Credit. Based in Atlanta, Greensky Credit offers an online platform for acquiring loans. The major beneficiaries of these services are homeowners seeking home improvement project funding or loans for their housing industry. Zalik immigrated to the United States from Israel at the age of four. Settling in the US came after the parents separated where he moved with the father to Alabama. His father became a mathematics professor at Auburn; a trend which he too followed.

When he got to the high school level, the founder of Greensky Credit joined Auburn. However he was much of an entrepreneur than a social kid. His skills began at fourteen where he started buying computer parts and assembling them on his own. From his work, he pocketed $900 on every $2000 sales he made in his initial assemblies. In time, he was able to truncate the number of hours he used to assemble into assembling 40 PCs within a period of 30 minutes. From this, Zalik bought himself a Honda Civic. Surprisingly, he didn’t graduate and instead dropped to focus on his firm, MicroTech a computer assembly company. This company was later sold in 1996 with a total of 20 employees.

After selling MicroTech, he moved to Atlanta where real estate business was blooming at the time. Here Zalik invested fully in commercial real estate division. A few years later, he created a consultancy website Outweb. The birth of Rockbridge Commercial Bank came in 2006 with Zalik in the frontline. The start-up was an attraction force for local investors including billionaire Bernie Marcus – the cofounder of Home Depot. Apparently, the bank failed and collapsed which cost him a $500,000 investment and a court case.

Remarkably, it was from all these predicaments that GreenSky Credit was born. Zalik decided on this name with reasoning that green meant energy and growth. The company urged home contractors to try with the small businesses. GreenSky Credit has now moved the managerial headquarters into a glass skyscraper across township. However, now that GreenSky has coursed past unicorn rank, Zalik has no interest in shifting its culture.

 

https://www.greenskycredit.com/markets-we-serve/