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. 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. 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.
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 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. 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.