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. 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. Coming from an entrepreneurial background Curt Kramer who was initially a private investor came out to assist small businesses and startups through funding them since he was able to understand the difficulties that they were going through. 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. This simply means that you are able to be provided with a loan for your small businesses and in order for you to be able to manage your cash flow, you will not have to pay the loan in cash but instead Asher enterprises have the right to convert the loan to equity using the convertible promissory notes. 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 try to improve the growth of its community and it does this through the funding of small businesses. In this talk we have been able to see how Curt Kramer is able to involve himself in small business funding.