GreenSky Rewarded For Thinking Out of the Box

David Zalik, the Chief Executive Officer (CEO) of GreenSky, is not like other CEOs of a major company.

Zalik, a billionaire, does not talk to the media much. He does not accept invitations to conferences. He has not spent last ten years raising outside capital. His employees don’t get free food or play games.

The latest move by his company is definitely something that other Silicon Valley companies would do. The Wall Street Journal believes that Zalik’s company will do an IPO but it will do it confidentiality. This move is unconventional but it will raise his company $1 billion with a $5 billion valuation.

If Zalik does go public, he would not be doing the same as companies like Credit Karma, Stripe and Uber as they don’t plan to go public. Private companies don’t go public because when they do, they are heavily pressured by investors and quarterly earnings. They can keep the cash to keep the company operating and growing.

Zalik’s company could change its mind and it will not do an IPO. It will not fill out the paperwork with Securities and Exchange Commission (SEC). This move would mean that it can prepare without the public spotlight on it.

Zalik, a 44-year-old, founded GreenSkyin 2006 and has, without fanfare, developed one of the biggest financial technology companies in America. Most companies like GreenSky would complain about banks and suggest to the public that they are a better way to do finance. Zalik has no problem with banks and actually has been working with banks for many years. n

One of the keys to GreenSky’s success that its bank partners are the ones who are taking the financial risk. Some of its bank partners are SunTrust, Regions and Fifth Third and they are the ones that GreenSky loans as part of their balance sheets. Zalik’s company will not be in trouble if any of these loans defaults. GreenSky does benefit from their relationship with their bank partners and they pay 1 percent of the balance from GreenSky loans.

Zalik thinks out of the box and so far, has been rewarded for doing so.

https://www.indeed.com/q-Greensky-Credit-jobs.html

Equities First Holdings Is a Great Option For Obtaining Capital Fast

There are many different reasons why an individual, partnership, or a group of people may need to attain funds. Oftentimes, it is so that they can attain capital to begin a business. If this sounds like something that you can benefit from, then please do not hesitate to look into what Equities First Holdings offers you.

Equities First Holdings is a lending solution for businesses. It is also a lendin solution for those who are high net-worth individuals who may be seeking personal loans. Whether they are wanting to fund a vacation, make payments on a car, or whatever it is that they would like to obtain the money for, they may find that Equities First Holdings is one of the best things that they do proceed with.

Unfortunately, there are many lenders who promise that they will loan   money at low rates, however, end up charging incredibly expensive interest rates. If you have been a victim to such an incident, or witness somebody else get ripped off from high interest rates, then it is highly recommended for either yourself or them to ensure that you are taking advantage of a lending solution that is as cheap as Equities First Holdings. They understand that people need capital from time to time. Whatever it is that they need to fund is totally up to their particular circumstances.

However, one should know that they can depend on Equities First Holdings for whatever it is that they need to fund. Many lenders will often ask several questions and may even end up denying the loan. You will not have to worry about such an incident occurring with the lenders of Equties First Holdings. Some simple questions will be asked and aside from that you will be on your way with a helpful loan.