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Press Release

Asher Enterprises Assists Small Businesses Facing Major Costs

It is growing more expensive all the time just to keep doors open and operations moving forward--but a New York investment company called Asher Enterprises is seeking to help small businesses that are unable to obtain conventional loans.
NEW YORK, NY, May 08, 2012 /24-7PressRelease/ -- It is often said that small businesses are the backbone of the American economy, yet for many small business owners, it does not always feel that way. Some small business owners can feel as though they are taken advantage of, particularly by larger corporations that seek to exploit tax loopholes. A recent CNBC report draws attention to this phenomenon. According to the report, small business pay the price, literally, when larger corporations don't pay their fair share; in light of this, more and more small businesses are seeking financial assistance, not just from conventional lenders but also from small business investors like Asher Enterprises, Inc.
According to the report, many large corporations choose to use offshore tax havens to shield some of their assets. While this tactic may save them money, it is ultimately bad news for the smaller companies that are left to pick up part of the tax burden. In fact, the report indicates that, if small businesses had to make up the full tax dollar amount lost to big corporations abusing offshore tax havens, the amount would total more than two thousand dollars per company--a tremendous expense that could prove detrimental to some startup companies and small businesses.
The increasingly high taxes that many small businesses are forced to pay come on top of their regular operational expenses, which can themselves prove quite high. Because of this, many small business seek financial aid. Some turn to banks, but Asher Enterprises, Inc. offers an alternative. In fact, the investment company, which seeks to help promising, small companies, specifically courts those small businesses that have either been rejected by banks, or choose not to partner with conventional lenders.
The company says as much in a statement just released to the press. "Asher Enterprises, Inc. prides itself on providing capital to all those companies that are ineligible or rejected from conventional banks and/or investment firms," goes the statement. Ultimately, this is good news for small companies struggling to get by, but especially for those that are facing higher-than-expected tax payments.
The CNBC report, meanwhile, quotes Dan Smith, an executive with U.S. PIRG, the group that conducted the new study on corporate tax havens; Smith's conclusion is that small businesses and consumers are the ones penalized by the abusive actions of bigger companies. "When corporations shirk their tax burden by shifting profits legitimately made in the United States to offshore tax havens like the Caymans, the rest of us must pick up the tab through either cuts to public spending priorities, higher taxes, or more debt," notes Smith.
ABOUT:
Asher Enterprises, Inc. in Great Neck, New York, is a privately owned investment company devoted to lending money to small-cap businesses. These loans are tremendously beneficial to small businesses seeking to keep up with growth and development costs. The company provides funding derived solely from its own assets and accounts, not from third parties or conventional lenders. Asher Enterprises is committed to its vision of being an important financial ally to its borrowers, helping them to grow their companies and ultimately reach their full potential, all while maximizing shareholder values.
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