The relevance of Curt Kramer and Small Business Loans
Entrepreneurs and individuals who want to start new businesses or startups normally find it difficult because of the capital that may be acquired and they may not be in a position to acquire any capital for them to start up the business that they would like. Majority of small businesses and startups find it strenuous to look for capital in order to boost or start their businesses and this is because they do not have enough base that they can be able to show proof of their business success and for this reason nobody is willing to risk their money and so they end up being restricted to only friends and relatives who can be able to assist them to get capital. 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. Due to the pressures that small businesses and startups have been going through, Asher enterprises have been able to provide a solution for them especially for those who have been rejected by the banks or just simply do not want to go to the banks because they know they will not qualify for a loan.
The process which is used by Asher enterprises involves providing small businesses with loans and then exchanging them with convertible promissory notes. The use of the convertible promissory notes as security means that after you have been funded with a loan to boost your small business the company has the right to change the amount that you are expected to pay to equity and therefore this would mean that they will have shares to your company. The situation is seen to be a win-win situation because the individual applying for the loan is able to be assisted by the enterprise to be able to make the small business to be successful so that the enterprise can convert the loan into equity and they can both work together to try and improve the company.
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.
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