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. 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. 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 way this works is that have been approved a loan and you are provided the funds to put in your business, Asher enterprises with the convertible promissory notes as security, have the right to exchange these notes to equity which means having shares in your small business. 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.
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. 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 talk we have been able to see how Curt Kramer is able to involve himself in small business funding.