How Curt Kramer assists in 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. 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. As a result of Curt kramer having a background of business he was able to understand the pressures and the stresses that small businesses and startups used to go through as a result of looking for funds and therefore he started Asher enterprises to be able to assist with the funding of 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.
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 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. 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 guide we have been able to see the relationship of Curt Kramer and small businesses which is a positive one.