How Curt Kramer assists in 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. Most business entrepreneurs and startups normally have limited sources of funding because they do not have previous experience to show how the business can perform and for this reason they normally look for money from family and friends. 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.
Curt Kramer’s company which is the Asher enterprises has been able to provide small businesses with loans which in turn they have been able to exchange the loans 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.
We can say that Curt Kramer really gets what small businesses and startups to go through when it comes to funding for their business and this is why they do not pay much attention to the creditworthiness of the business because they know that the business is just starting and is not able to prove much when it comes to creditworthiness. When Asher enterprises involves itself in funding of the small businesses, they do not see it as an investment alone but also as growth for their community because new businesses means growth to the community. In this talk we have been able to see how Curt Kramer is able to involve himself in small business funding.