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. A larger part of entrepreneurs and small businesses are normally restricted to family and friends when it comes to looking for funding, and this is because they are not able to prove their concept of business well in advance since they are still new in the market and therefore most investors tend to shy off from funding them. 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. 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. 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 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. Asher enterprises try to improve the growth of its community and it does this through the funding of small businesses. In this discussion, we have been able to see the positive relationship between Curt Kramer and small business funding.