ADVERTISEMENT
  • About
  • Contact
  • Testimonials
  • Demographics & Advertising Rates
Thursday, April 15, 2021
Search
    Generic filters
    California Business Journal
    51 °f
    Los Angeles
    62 ° Fri
    62 ° Sat
    70 ° Sun
    72 ° Mon
    67 ° Tue
    63 ° Wed
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      bitcoin of america

      The power of Bitcoin of America intensifies

      venture-capital-investment

      Silicon Valley and Tel Aviv Firm NextLeap Ventures Rising To The Next Level

      stock-market-3

      How the Inflow of Retail Traders is Changing Stock Market Dynamics

      Bitcoin

      Big Changes May Be Coming For Cryptocurrency

    • People
    • Featured
      Dr. Chris Harts4

      Oventus Medical Is Revolutionizing the Treatment of Sleep Apnea

      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      bitcoin of america

      The power of Bitcoin of America intensifies

      alone at beach

      One Fine Outlook

      Graham-Michael-Byers No. 4

      The Prince of Puerto Rico

    • Technology
      Higher Education Adapts to Covid Using IT

      How Higher Education Has Adapted to Covid-19 Using IT Tools

      NEC X Figure 3_Shige Ihara

      Fast Tracking Technologies … To The World

      Welcome to the construction industry’s automated augment

      Tech Future Healthcare1

      Technology and the Future of Health Care

    • Law
      Doctor getting second opinion on patients x-ray

      What To Do If You’ve Received Improper Medical Treatment

      Mediation-For-Couples (1)

      What is Mediation and How It Can Help?

      What are the legal obligations of businesses and what happens when these duties are breached?

      Nicole Kuklok-Waldman Headshot

      Commentary: How to Bounce Back from a Canceled Career 

    • News
      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      Negative Google reviews1

      How to Handle Negative Google Reviews

      SleepScore Labs

      The Final Score

      Passports on a map of the world

      If Your Employees with U.S. Passports are Traveling in 2021, Start Planning Now

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Charles Smith

      Commentary: Executive Team Alignment is More Essential Now Than Ever

      payroll expenditure or revenue

      How Can a Business Carry Out Payroll Effectively?

      Jean-Paul Gravel, founder of ThroughConversation3

      5 Relationship Challenges That High-Achievers Face (and How to Fix Them)

      self hypnotic2

      The UpNow Self-Hypnosis App: Making Mental Health Affordable and Accessible

    • Health & Fitness
      Woman climber on a Klettersteig (Via Ferrata)

      6 Unique Ways to Stay Fit Outdoors This Summer

      WOMAN WORKING OUT

      Taking the Gym Home: Hot Selling Items During the Pandemic

      silhouette-of-man-and-woman-running

      3 Reasons to Start Working Out … This Month

      The Surprising Link between Gut Health and Mental Health

    California Business Journal
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      bitcoin of america

      The power of Bitcoin of America intensifies

      venture-capital-investment

      Silicon Valley and Tel Aviv Firm NextLeap Ventures Rising To The Next Level

      stock-market-3

      How the Inflow of Retail Traders is Changing Stock Market Dynamics

      Bitcoin

      Big Changes May Be Coming For Cryptocurrency

    • People
    • Featured
      Dr. Chris Harts4

      Oventus Medical Is Revolutionizing the Treatment of Sleep Apnea

      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      bitcoin of america

      The power of Bitcoin of America intensifies

      alone at beach

      One Fine Outlook

      Graham-Michael-Byers No. 4

      The Prince of Puerto Rico

    • Technology
      Higher Education Adapts to Covid Using IT

      How Higher Education Has Adapted to Covid-19 Using IT Tools

      NEC X Figure 3_Shige Ihara

      Fast Tracking Technologies … To The World

      Welcome to the construction industry’s automated augment

      Tech Future Healthcare1

      Technology and the Future of Health Care

    • Law
      Doctor getting second opinion on patients x-ray

      What To Do If You’ve Received Improper Medical Treatment

      Mediation-For-Couples (1)

      What is Mediation and How It Can Help?

      What are the legal obligations of businesses and what happens when these duties are breached?

      Nicole Kuklok-Waldman Headshot

      Commentary: How to Bounce Back from a Canceled Career 

    • News
      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      Negative Google reviews1

      How to Handle Negative Google Reviews

      SleepScore Labs

      The Final Score

      Passports on a map of the world

      If Your Employees with U.S. Passports are Traveling in 2021, Start Planning Now

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Charles Smith

      Commentary: Executive Team Alignment is More Essential Now Than Ever

      payroll expenditure or revenue

      How Can a Business Carry Out Payroll Effectively?

      Jean-Paul Gravel, founder of ThroughConversation3

      5 Relationship Challenges That High-Achievers Face (and How to Fix Them)

      self hypnotic2

      The UpNow Self-Hypnosis App: Making Mental Health Affordable and Accessible

    • Health & Fitness
      Woman climber on a Klettersteig (Via Ferrata)

      6 Unique Ways to Stay Fit Outdoors This Summer

      WOMAN WORKING OUT

      Taking the Gym Home: Hot Selling Items During the Pandemic

      silhouette-of-man-and-woman-running

      3 Reasons to Start Working Out … This Month

      The Surprising Link between Gut Health and Mental Health

    Search
      Generic filters
      California Business Journal

      DEBT HAPPENS: IT’S HOW YOU GET OUT THAT MATTERS

      by Daniel Coats, Staff Writer, California Business Journal
      A A
      Share on FacebookShare on Twitter

      Irvine-based Americor provides affordable and accessible debt consolidation and funding solutions to today’s consumers. CEO Benny Ganatra considers his company a social enterprise focusing on improving the lives of others by alleviating the burden of consumer debt.

      By Daniel Coats, California Business Journal

      With more than $1 trillion in credit card debt, American consumers are certainly spending at a healthy rate. But for many, the magic of swiping a card and getting the latest must-have items or desired services comes at an unnoticed cost.

      “People fall behind because they are unaware of how credit works and get swamped with the bills. Then they don’t know how to get out,” says Benny Ganatra, CEO of Americor. “We are a next-generation finance technology company that built a proprietary platform designed to help consumers get out of debt. Our technology allows our consumers to restructure their debt and provides them with lower-cost debt consolidation loans.”

      Benny Ganatra, CEO of Americor

      Ganatra recently sold BrandRep, a digital marketing company also based in Irvine, Calif., and the sale provided him with the capital to fuel Americor’s growth for 2018 and continue to create a path of financial stability for consumers. The company is adding 250 jobs and securing an additional 20,000 square feet of warehouse lines at its Irvine headquarters, while utilizing the latest technology to provide automated loan processes, including underwriting, for best efficiency and consumer protection. There are plans to provide fully automatic loans within 12 months.

      “Businesses are about solving problems,” Ganatra says. “We are utilizing technology to address one of the great challenges I see right now — consumer debt. Our mission is helping consumers find better ways to get out of debt.”

      The social enterprise is committed to designing loan products without extensive fees and providing full transparency, including credit monitoring for all clients, to give individuals a boost in today’s complex financial world. Americor does not have any hidden fees unlike its competitors – it does not charge application, late or prepayment fees.

      While the economy has soared and the fundamentals of finance and real estate remain strong, Ganatra foresees inevitable downturns in the future.

      “We believe there will be some pockets in the industry where lenders have been aggressive, and over the next few years, we will have the opportunity to see which lenders thrive,” Ganatra says.

      ADVERTISEMENT

      Americor is well-prepared for difficult times, when competitors’ loans may begin to default. “We have invested millions of dollars in building our proprietary technology before we even made our first loan, so that we could have a competitive advantage and lower-cost loans that will perform better in challenging markets,” Ganatra says. “The ability to better position our clients during difficult times will be on display during the next downturn.”

      After graduating from San Diego State University in 2001, Ganatra embarked on his first entrepreneurial venture – a mortgage company – in 2002. When the housing market crashed in 2008, he retooled to focus on debt consolidation.

      Initially emphasizing business lending, he made a commitment to consumer lending in 2012, recognizing that the aggressive and reckless practices of competitors were making the corporate market less sustainable. “I have a passion for this industry because we are truly making a positive impact and changing people’s lives,” he says. “We have the opportunity to show people a way to correct this problem in a short period of time and help to get them back on track.”

      As Americor expands, career positions in data science, funding, operations, underwriting and compliance will be available at the company, which is located in the heart of the Southland’s hub of innovation and economic dynamism.

      Ganatra says a familial yet diverse atmosphere that values employees has created a unique company culture at Americor.

      “We recognize when people show good work ethic and discipline and thus we are strong at promoting from within, but we also like to bring in outside talent that will grow with the company,” he says. Some members of the Americor team have risen from $12 per hour entry-level roles to six-figure senior positions.

      The ability to be financially successful while making a difference in the lives of others is a motivating factor. Looking to the future, Ganatra says he is committed to staying ahead in providing innovation that will ensure a strong market share for the company, but also socially responsible solutions for the consumer.

      “We believe being as transparent as possible will enable the next generation to be more aware of their credit and what it takes to improve it,” he says.



      Benny Ganatra

      Americor

      18200 Von Karman Ave, Irvine, CA 92612

      info@americorfunding.com

      866-333-8686

      americorfunding.com

       

       

      Tags: 2018AmericanAmericorBenny GanatraCACaliforniaCalifornia mediaCEOcompany culturecomplianceConsumer debtconsumersculturedata sciencedebt consolidationDiegodigital marketingeconomyemployeesEstateFeetfinancefocusfundingfunding solutionshealthyinnovationIrvinejobslendersloanloansmarketingmortgagereal estateSan Diegosciencesustainabletechnologytransparency
      ADVERTISEMENT
      Daniel Coats, Staff Writer, California Business Journal

      Daniel Coats, Staff Writer, California Business Journal

      WHAT TO READ NEXT

      Dr. Chris Harts4
      Featured

      Oventus Medical Is Revolutionizing the Treatment of Sleep Apnea

      April 10, 2021
      bitcoin of america
      Featured

      The power of Bitcoin of America intensifies

      April 5, 2021
      alone at beach
      Featured

      One Fine Outlook

      April 3, 2021
      Graham-Michael-Byers No. 4
      Featured

      The Prince of Puerto Rico

      March 30, 2021
      electric-car-charging-station
      Featured

      Charging the Future of Electric Vehicles

      March 26, 2021
      E'Ian West3
      Education

      A Montage of Creative Content

      March 24, 2021
      Next Post

      WEALTH IN WEED

      Follow Us

      ADVERTISEMENT

      Categories

      • Art & Culture
      • Business
      • Editor's Choice
      • Education
      • Featured
      • Finance
      • Food & Dining
      • Health & Fitness
      • Human Interest
      • Insurance
      • Law
      • Marketing
      • Medical
      • News
      • People
      • Popular
      • Real Estate
      • Social Media
      • Technology
      • Uncategorized

      CBJ Partner Firebrand Media

      Laguna Beach Independent Newspaper

      Laguna Beach Magazine

      Laguna Beach City Guide

      On The Menu Laguna Beach

      Newport Beach Independent Newspaper

      Newport Beach Magazine

      Newport Beach Country Club Magazine

      Coastal Real Estate Guide (NB,LB, CDM)

      Montage Magazine

      Monarch Beach Resort Magazine

      Pacific Coast Magazine (SoCal)

      Omni Escapes Hotel Magazine

      Sea Island Life Magazine

      Salamander Hotel & Resorts Magazine

      Bespoke Concierge New York

      Evans Hotels

      View our entire portfolio here

      ADVERTISEMENT
      ADVERTISEMENT
      Facebook Twitter LinkedIn LinkedIn Instagram
      C B J   LOGO  SVG-01
      • About
      • Contact
      • Testimonials
      • Demographics & Advertising Rates

      Newsletter

      Most Viewed

      • Judge gavel, scales of justice and law books in court

        Lawsuit Basics: How Much Does It Cost to Sue Someone?

        0 shares
        Share 0 Tweet 0
      • THE ONLY WAY

        0 shares
        Share 0 Tweet 0
      • REPORT: TECH GIANT CISCO ABOUT TO LAY OFF 14,000

        0 shares
        Share 0 Tweet 0

      Latest Articles

      Charles Smith

      Commentary: Executive Team Alignment is More Essential Now Than Ever

      April 14, 2021
      payroll expenditure or revenue

      How Can a Business Carry Out Payroll Effectively?

      April 14, 2021
      Jean-Paul Gravel, founder of ThroughConversation3

      5 Relationship Challenges That High-Achievers Face (and How to Fix Them)

      April 12, 2021

      California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
      ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
      Site Design by 1REALTOUR

      Search
        Generic filters
        • Front Page
        • Business
          • Insurance
          • Real Estate
        • Finance
        • People
        • Featured
        • Technology
        • Law
        • News
        • Human Interest
          • Food
          • Art & Culture
        • Education
        • Health & Fitness

        California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
        ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
        Site Design by 1REALTOUR