GreenSky CEO David Zalik makes novel business model work

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When entrepreneur David Zalik went on a roadshow back in 2005 to pitch his idea for a fintech company that would extend instant point-of-sale retail loans, he knew that he had stumbled across a gold mine. But the 32-year-old veteran of the business world had a tough row to hoe when trying to convince banks to loan him the capital that he needed to get his new business off the ground.

Zalik visited dozens of banks in the fall of that year, only to be rebuffed by skeptical looks and promises by bankers to talk to their bosses, meetings that somehow never seemed to materialize. Eventually, Zalik came to terms with the fact that it wasn’t so much the concept behind his new company, which would become known as GreenSky Credit. Instead, it was the revenue model that had bankers spooked. Quite simply, it was a business model that had no historic analogue.

All sides gladly pay when everyone wins

But Zalik would end up being proven right. After being rejected by so many banks, the determined businessman decided to liquidate his entire real estate portfolio and finance the company himself. This would turn out to be a good bet. But even Zalik had doubts in the beginning about whether he could really make the GreenSky revenue model work.

GreenSky would ultimately end up making money from all three of the parties to the transaction although it wouldn’t be advertised that the borrowers themselves are actually paying for some of it. The contractors and retailers who pitch GreenSky loans and with whom the GreenSky borrowers are actually purchasing goods and services pay the highest fee, 6 percent of the principal amount. But these entities are more than happy to pay that fee because the loans are going towards business that they almost certainly would never have otherwise had.

And the fact is that the 6 percent fee that the retailer pays is effectively rolled into the loan itself, meaning that it is really the customer who ends up paying it. But the customers or borrowers couldn’t be happier. That’s because they’re getting to complete projects that otherwise would have fallen through. And the banks themselves pay a 1 percent carrying fee on all loan balances originated by GreenSky.

http://greenskycredit.atsondemand.com/

NewsWatch TV: From Product Reviews to Entertainment News – NewsWatch Has it All

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In today’s world, the average consumer is inundated with an overload of information from every conceivable media source imaginable. And it is commonly known that much of it can be questionable at best. That is why organizations like NewsWatch TV rises above the rest.

What makes NewsWatch special (one might ask)? NewsWatch TV has been providing quality news on a variety of topics since 1990. Throughout the years this stellar news organization has established a reputation for delivering accurate and award-winning broadcasts to the viewing public.

NewsWatch TV video broadcasts are clear and concise, giving the viewer a complete overall understanding of the product or service that is being featured in the given segment. NewsWatch has a trio of hosts that are professional and knowledgeable regarding the subject of the interview. This level of professionalism is why NewsWatch meets or exceeds all industry standards

NewsWatch has provided the much-needed marketing exposure that is desired by companies both large and small. Whether it is a start-up or a Fortune 500 company, NewsWatch gives their customers the same attention to detail in every single broadcast. NewsWatch understands the importance of providing a consistent quality service in every aspect of the production process.

Over the past year, NewsWatch has broadcast a number of interviews featuring high profile celebrities from sports greats to Hollywood icons. NewsWatch has also expanded its broadcasts to include a variety of organizations that include non-profits, national health organizations, automobile manufacturers, and others who have found NewsWatch to be one of the undisputed leaders in the media marketing industry.

Fagali Airport

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Located on the island of Upola near the town of Fagali’i-Uta, the Fagali Airport re-opened in 2009. At one time, the airport was a grass-only airstrip, however with the re-opening it has now been paved and has become an international airport. Currently, Polynesian Airlines flies out of Fagali. This has been a popular airport due to the airport’s proximity to town.

While not a very large airport, there are frequent flights that fly into Fagali. Visitors to the island have a multitude of options for activities once they have landed on the island and have left the airport. The island is an excellent place to learn and experience Samoan culture. Less than three miles from the Fagali airport is the Old Apia Market. A small market, handcrafted Polynesian goods are available for sale and visitors to the market can observe local artisans at work. A variety of art studios are also present on the island. Find out more about Fagali Airport at lonelyplanet.com

For those who love the outdoors, the island offers a variety of tours and opportunities. Visitors can take advantage of rain forest eco tours, as well as day tours to American Samoa. If a visitor would like to take advantage of the beautiful waters surrounding the island, boat tours and snorkeling tours are also available. A popular destination for snorkeling is the Palolo Deep Marine Reserve where countless tropical species can be observed in the water. In addition to the water surrounding the island, beautiful sights to visit include waterfalls and cave pools located around the island.

With the renewal of flights to Fagali, visitors can avail themselves of the natural beauty and distinct island culture. There are many options for things to do just a short distance from the airport. With a wide variety of cultural and natural heritage, the island provides activities for everyone. Read more: https://www.tripadvisor.com/ShowTopic-g294137-i5760-k6924121-Fagali_i_Airport_exchange_hours-Samoa.html