The positive relationship of Curt Kramer and Small Business Loans
Starting businesses is one of the most challenging activities that entrepreneurs and other startup business individuals have to face due to the capital that may be required for them to start up the business. 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. Asher enterprises has been able to provide funding to small businesses and startups that have not been able to get funding from traditional banks or simply that do not want to go and get funding from banks probably because of the protocol that is required.
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 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 really understands small businesses limitations when it comes to funding and this is why they do not look at the creditworthiness of the business because they know it is a small business or a startup and therefore the only thing that you may be having are your assets and this is something that you would not want u risk in the name of a loan. 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 guide we have been able to see the relationship of Curt Kramer and small businesses which is a positive one.