The positive relationship of Curt Kramer and Small Business Loans
When it comes to starting up a business it not only requires an idea but it also requires the funding of the idea to be able to execute the business that you want to try and this has become a challenge especially for small businesses while starting up. A larger part of entrepreneurs and small businesses are normally restricted to family and friends when it comes to looking for funding, and this is because they are not able to prove their concept of business well in advance since they are still new in the market and therefore most investors tend to shy off from funding them. Curt kramer who used to be a private investor is able to understand the difficulties that small businesses and startups go through and for this reason he founded Asher enterprises to be able to provide funding to small businesses. When it comes to dealing with Asher enterprises, small businesses and startups need not worry because they understand the situation and are able to offer them funding even to those who have already been rejected by banks or simply do not want to go to the banks to get the loans.
The process which is used by Asher enterprises involves providing small businesses with loans and then exchanging them with convertible promissory notes. The way this works is that have been approved a loan and you are provided the funds to put in your business, Asher enterprises with the convertible promissory notes as security, have the right to exchange these notes to equity which means having shares in your small business. The situation is seen as positive for both the person applying for the loan because he is able to be assisted by the enterprise in order to ensure that the small business becomes a success since the enterprise has interest of converting the promissory notes into equity to the business.
Curt Kramer is able to understand that startups and small businesses are not able to put so much on the table when it comes to creditworthiness because they are just new businesses and for this reason they do not put so much emphasis when it comes to creditworthiness of small businesses. Asher enterprises look at this differently because they see it as a way to give back to the community in order for the community to grow. In this discussion, we have been able to see the positive relationship between Curt Kramer and small business funding.