When it comes to starting up a business it not only requires an idea but it also requires the funding of the idea to be able to execute the business that you want to try and this has become a challenge especially for small businesses while starting up. 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. 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 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 talk we have been able to see how Curt Kramer is able to involve himself in small business funding.