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<title>Asset Enhancement Solutions</title>
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<td><img src="http://assetenhancement.com/images/FENG-Sponsor-042214.gif" width="700"alt="Asset Enhancement Solutions" style="width:900px;"></td>
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<tr><td><img style="width:900px;" src="http://assetenhancement.com/images/logo-2020-dark.jpg" alt="Asset Enhancement Solutions" width="700"></td></tr>
<tr><td><img style="width:900px;" src="http://assetenhancement.com/images/FENG-ERC-tombstone.jpg" alt="Asset Enhancement Solutions" width="700"></td></tr>
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<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;"><span style="font-size:18px;"><strong>ERC Challenge</strong></span><br>
A $40 million West Coast based service company got hammered by COVID-19. Most of the Company's customers were shut down during the height of the Pandemic. The Company reported a loss from operations in 2019, but implemented a turnaround plan in early 2000 to bring the Company back to profitability. The Pandemic killed the Company's ability to right the ship and the Company reported an even larger loss in 2020. Unfortunately, the lingering effects of the Pandemic continued to adversely affect the Company and the loss reported in 2021 was four times as large as the loss in 2020. The Company’s payables were mostly past due and the Company was forced to take on expensive short-term debt in 2021 in order to survive.</p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">The Company was fortunate to have received 2 PPP loans which helped the Company make it through 2020 and 2021. However, the Company quickly depleted these PPP funds and was then forced to sell off one of its divisions to raise cash to offset its 3 years of consecutive operating losses. </p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">The one asset the Company had on its books that could be converted into cash was the Employee Retention Credit Receivable (“ERC”). The Company filed its 941x's for the 1st, 2nd and 3rd quarters of 2021 in July 2022. The Company learned that it was taking the IRS approximately 12 months to send out ERC refund checks and that the wait could even be longer for ERC claims over $1 million. The Company was in desperate need of additional working capital and learned that Asset Enhancement Solutions, LLC (“AES”) was helping companies monetize their ERC receivable.</p>
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<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;"><span style="font-size:18px;"><strong>ERC Solution</strong></span><br>
Asset Enhancement Solutions, LLC ("AES") performed an assessment of the Company and learned that the Company’s existing senior and junior debt were secured by all of the assets of the Company and that refinancing these credit facilities would probably not result in additional liquidity for the Company. The Company's existing lenders were not willing to lend funds against the ERC receivable as they did not understand this asset and deemed it to be too risky.</p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">Thus, the only asset that could potentially provide the Company with some liquidity was the Company's ERC receivable. AES provided the Company with a few options for monetizing its ERC receivable. These options ranged from borrowing against this receivable to selling the receivable to a fund that was purchasing ERC claims at a discount. </p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">The Company decided to sell its ERC as it was able to maximize the amount of funds it received at the closing of the transaction. The ERC Buyer as able to close the transaction in approximately 30 days. The proceeds the Company received from selling its ERC provided the Company with the funds that were urgently needed to keep the Company operating.</p>
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<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">
<h1 style="text-align:center; font-size:26px; color:#346633; font-weight; 600;">Monetize your ERC Refund Claim Now<br>
Loan Advance or Sale of your ERC Claim
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<tr><td><p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">In lieu of waiting 9 to 12 months to receive your ERC refund from the IRS, Asset Enhancement Solutions, LLC ("AES") has teamed up with a few lenders and hedge funds that will either advance funds against ERC Refund Claims or purchase ERC Claims at a discount. Funding can be received in approximately <u>2 to 4 </u>weeks depending on the financial institution.</p>
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<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Minimum ERC claim of $250,000
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> No cap on the maximum ERC claim amount that can be sold at a discount
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Company can receive advances or net proceeds from the sale of claims of 75% to 85%</ul> </p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">As the IRS is backed up and taking a long time to process ERC claims, this financing solution can be a lifeline for many companies.</p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">If a company does not qualify for the ERC but needs additional liquidity, AES has many other creative financing solutions. What looks bad to one lender might look good to others, who can be more creative and flexible. An experienced financial advisory firm knows the Beholders most appropriate for each financing situation. Asset Enhancement Solutions, LLC is that financial advisory firm.
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<h1 style="text-align:center; font-size:24px; color:#346633; font-weight; 600;">When it comes to financing, Beauty is in the Eye of the Beholder </p>
<img style="width:322px; height:214px;" src="http://assetenhancement.com/images/eye2.jpg" alt="Asset Enhancement Solutions">
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<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">Following are just some of the situations where AES can help your firm:</p>
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<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Provide options to increase liquidity while keeping existing lender(s) in place
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Overcome the financial challenges caused by COVID-19 with tailored financing solutions
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Find out how an SBA loan can solve your liquidity problems
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Help to increase borrowing availability with a new, more aggressive lender
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Borrow funds significantly greater than available collateral
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Utilize Inventory Financing
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<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;margin-top:10px;"> To obtain product from vendors that require prepayment or deposits
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> That can increase the amount and variety of inventory available for sale to customers
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> For the products located at Amazon warehouses currently excluded from your existing borrowing base</ul></p>
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Provide Purchase Order financing options to help you
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<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;margin-top:10px;"> Conserve cash instead of having to prepay for goods made overseas
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Bid on new business opportunities you thought were too big for your company </ul></p>
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Fulfill manufacturers' large orders with Work-in-Process financing to pay for material and labor costs
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Reduce the fear and exposure extending credit to customers with creative options to protect your firm
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Defer payments to vendors using accounts payable financing without the filing of a UCC-1
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Improve direct-to-consumer sales offering alternative, bespoke payment methods
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Assist contractors with difficulty financing projects due to progress and % of completion billing
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Borrow against Milestone Billings, and other deliverables, if you provide services based on contracts
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Leverage your equity in real estate and equipment in order borrow against those assets
<li style="text-align:left;font-family:arial;color:#000000;font-size:15px;margin-bottom:10px;"> Explore opportunities to purchase competitors, product lines or assets with multiple financing scenarios</ul>
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<h1 style="text-align:center;margin-top:40px;font-size:24px; color:#346633; font-weight; 600;">About Asset Enhancement Solutions, LLC</h1>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">
Asset Enhancement Solutions, LLC ("AES"), is a financial advisory firm that provides both Investment Banking and Consulting Services to companies considering important transactions such as buying or selling a company and raising capital. AES specializes in arranging debt and equity financing for companies with challenges, both favorable and unfavorable. Unfavorable challenges include operational, legal, tax, financial or liquidity issues and positive challenges consist of opportunities for growth, acquisitions and long-term success. AES works with middle market companies, public companies, and small businesses. </p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">AES arranges financing for businesses when many traditional banks say "no", and as such, is a resource for companies, their accountants, and attorneys. In addition, AES can help banks maintain customer relationships by arranging financing for its customers with non-traditional funding sources. Asset Enhancement Solutions, LLC has arranged over $500 million in financing for both private and public companies in a variety of industries and geographical areas. AES can manage the process of sourcing debt or equity financing which businesses need for short or long-term growth and survival. AES never will never shy away from adversity, but instead, embrace and thrive on it. AES has the experience and expertise needed to find creative solutions to financial challenges.</p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">To learn more about how Asset Enhancement Solutions, LLC can assist you with your transaction, please contact: </p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:900px;">Neil Seiden, President<br/>
Asset Enhancement Solutions, LLC<br/>
405 RXR Plaza<br/>
Uniondale, NY 11556<br/>
(516) 767-0100<br/>
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<a style="color:#346633" href="http://www.assetenhancement.com" target="_blank">www.assetenhancement.com</a><br/>
<a style="color:#346633" href="mailto:[email protected]" target="_blank">[email protected]</a></p>
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