Economies are powered by innovation. Much of that innovation derives from forward-thinking individuals who possess the drive, skills, and background to turn a business vision into reality. The importance of entrepreneurs extends beyond the effect those individuals have on their own companies, however. They impact their broader communities, and, in some cases, even the world.
Entrepreneurs improve the lives of individuals and communities, as well as the overall economy. They have been instrumental in spurring social change and improving the way people live and work. Entrepreneurs develop new markets by introducing new and improved products, services and technology. Thus, they help generate new wealth and add more to the national income.
That’s the case of Chris Groves, the owner and CEO of Groves Capital, a residential and commercial lending company. Chris and his wife, Aleyna, run the fastest growing mortgage company in the United States. What’s more, the company has helped thousands of people and families to enjoy their dream home!
Groves Capital offers over 200 lenders and 1000 loan products. With over 630 loan officers, this family owned business is a national leader within the industry. It began in San Diego, California, but now has expanded across all 50 states in the US.
2023 may be an uncertain year for many people, but not for Chris Groves. Despite rumors of a possible recession and although large companies are laying off much of his staff, Chris is doing just the opposite. How is this possible?, you may ask.
“There is always money to be made in any economic environment. Some of the biggest wealth is built during downturns and changing markets. The key is change, the one constant to stay on top of any industry, is the ability to change and move quickly”, Chris explains.
In addition, in order to stay on top of the industry, they have created new product lines to enhance their abilities to lend into new spaces that are doing well in this new market. Also, they focus on staying as virtual as possible and creating opportunities for their partners to make money for their families and help their clients with a 5 star focus with every transaction.
“We developed new commercial platforms in all 50 states, we have seen an increase in investors looking to build their portfolios and a down-turn market is perfect to do just that. In addition, we have brought on private billion dollar funds in the commercial and hard money space that gives our clients lending opportunities that most big banks would turn down”, he shares.
With over 200 lenders they have access to, Groves Capital is able to help 98% of borrowers that most would decline. Without a doubt, this company is having a huge impact on the US economy and on the lives of thousands of people, who can now enjoy their dream homes.
“We have also partnered with a new solar company called Solar-Vision, with which we are able to help clients save money on their monthly utilities bills. With recession looming it’s always a smart play to lower your monthly living expenses!” Chris adds.
He also understands the importance of combining forces so he’s always looking for other entrepreneurs and successful companies to partner with. In fact, strategic business partnerships are of huge benefit to businesses by providing them the window to increase their customer base and thereby expanding their business and help more people.
“We are proud to announce that Glenn Stearns, owner of Kind Lending, has made Groves Capital their first focus group. This will help us have new and unique product options with the sharpest pricing over our competitors in our space!”, Chris reveals.