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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:700px;"></td>
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<tr><td><img style="width:700px;" src="http://assetenhancement.com/images/logo-2020-dark.jpg" alt="Asset Enhancement Solutions" width="700"></td></tr>
<tr><td><h1 style="text-align:center; font-size:26px; color:#346633; font-weight; 600;">PPP Round 2: Latest Information</h1></td></tr>
<tr><td><p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;">Small businesses and other qualified loan applicants are now anxiously awaiting the start of the next round of PPP Loans, probably sometime this week. No one knows exactly what day the application process will begin.
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<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;"><strong>BUT</strong></p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;">We <strong>DO</strong> know that there will be very high demand for these loans, and a rush of applications.</p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;">We <strong>DO</strong> know that federal funds will be awarded to applicants on a first come/first served basis.</p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;">Therefore, we want to help you, your business, your employer or your clients be ready as soon as possible. By pre-registering with our banking partner, you will be at the head of the line. Once the application process goes live, you will be contacted to continue your application.</p>
<p style="text-align:center;font-family:arial;color:#000000;font-size:18px;width:700px;"><a style="color:#346633;font-weight:700;" href="http://assetenhancement.com/redirect3.html"><strong> CLICK HERE TO PRE-REGISTER FOR A PPP LOAN </strong></a></p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;">There is NO COST to you, your company or your clients for our services.</p>
<h1 style="text-align:center; font-size:26px; color:#346633; font-weight; 600;">During the first round of the Paycheck Protection Program ("PPP"), AES helped many members of The FENG obtain PPP loans.</h1>
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<li>AES offered complimentary, no-fee VIP service to those seeking a loan </li>
<li> We helped get loans approved for those previously turned down multiple times </li>
<li> We engaged with PPP lenders to quickly resolve applicants' problems</li>
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<tr><td ><br><br><img src="http://assetenhancement.com/disaster-relief-loans/PPp-2021.jpg" width="680" height="166" style="align:left; border:solid 2px #000000; margin-top:30px;margin-bottom:30px;margin-left:20px;">
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<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;">We are committed to our clients and work tirelessly to get PPP loans approved. AES is <strong>not competing</strong> with the services that Accounting and Law firms are providing to their clients in connection with the PPP Program. </p>
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<h1 style="text-align:center; font-size:26px; color:#346633; font-weight; 600;">Some of the details of the new PPP program include:</h1>
<p style="font-size:20px;text-align:left;font-family:arial;color:#000000;"><Strong>For 2nd Draw Loans:</strong></p>
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<li>To be eligible for a 2nd Draw, applicant must have used or will use the full amount of its First Draw PPP loan on or before the expected date on which the 2nd Draw will be disbursed.</li>
<li>Maximum PPP loan amount is $2 million, up to $4 million for businesses that are part of a single corporate group.</li>
<ol type="a" style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;">
<li>Calculation of loan amount is average payroll x 2.5, however,</li>
<li>For applicants in the hospitality industry with a NAICS code beginning with 72, the calculation is average payroll x 3.5</li></ol>
<li>To maximize PPP loan amount, applicant can use the average payroll for 2020 or 2019.</li>
<li>First Draw applicants are eligible if they have 300 or less employees unless it is in the hospitality industry with a NAICS code beginning with 72. </li>
<li>If applicant has more than 300 employees, they need to meet the Alternative Standard of having both Net Worth of less than $15 million and average after tax net income of less than $5 million for the past two years.</li>
<li>To be eligible, must have experienced a revenue reduction of at least 25% in 2020 compared to 2019 for at least one quarter or on an annual basis.</li>
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<li>If applicant was in business for only part of 2019 there are additional guidelines that discuss how these applicants can be eligible. <a style="color:#346633href="http://assetenhancement.com" target="_blank">Please see our website.</a></li>
<li>For PPP loans greater than $150,000, the applicant must submit adequate documentation to prove the 25% or more reduction in revenue.<br>(Documentation may include relevant tax forms such as annual tax forms, sales tax returns, quarterly financial statements, bank statements or other documentation that accomplishes the same purpose.)</li>
<li>For PPP loans less than $150,000, the lender may not require this documentation at the time you submit your PPP application, but it must be submitted on or before the daouL>
<li>Applicants including employer paid health insurance and retirement benefits in the calculation of the PPP loan must now provide documentation for these expenses.ion for these expenses.</li>
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<p style="font-size:20px;text-align:left;font-family:arial;color:#000000;"><strong>For 1st Draw Loans:</strong></p>
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<li>Maximum PPP loan amount is $10 million, up to $20 million for businesses that are part of a single corporate group.
<li>To maximize PPP loan amount, applicant can use the average payroll for 2020 or 2019.</li>
<li>First Draw applicants are eligible if they have 500 or less employees.</li>
<li>If applicant has more than 500 employees, they need to meet the Alternative Standard of having both Net Worth of less than $15 million and average after tax net income of less than $5 million for the past two years.</li>
<li>In addition to those that were eligible for PPP Round 1, the following additional entity types are now eligible: Certain 501 (c) ( 6 ) organizations such as chambers of commerce, housing cooperatives (as defined in section 216(b) of the IRS Code of 1986) and destination marketing companies are now eligible.</li>
<li>Faith based organizations are eligible and they are exempt from the SBA�s affiliation rules.</li>
<li>A portfolio company of a private equity firm is eligible if it meets the affiliation rules.</li>
<li>Applicants including employer paid health insurance and retirement benefits in the calculation of the PPP loan must now provide documentation for these expenses.</li>
<li>A payroll report or similar documentation from the pay period that covered February 15, 2020 must be provided to establish you were in operation on that date.</li>
<li>Independent contractors and sole proprietors that use Form 1040 Schedule C as the basis to calculate their PPP loan amount will not have to substantiate the revenue amount with some of the following documentation: IRS Form 1099-MISC, invoices, bank statements or books of record.</li>
<li>Expenses available for Forgiveness have been expanded to include the following: software that facilities business operations, property damage from public disturbances that occurred during 2020, certain purchases from suppliers and expenses related to PPE and social distancing. However, at least 60% of PPP loan proceeds must be used for payroll costs to achieve 100% Forgiveness.</li></ol>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;">AES was proud to step up and help so many people and businesses during the first round of the Paycheck Protection Program. We are excited to have another opportunity to help those in need.</p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;"><strong>To discuss how we can help you, your company or your clients, please reach out to us.<br>
<a style="color:#346633" href="mailto:[email protected]" target="_blank">[email protected]</a><br/>
516-767-0100</strong></p>
<p style="text-align:left;font-family:arial;color:#000000;font-size:15px;width:700px;"><strong>Other financing needs? Yes, we can help with those, as well.</strong><br/>
Review many of our other <a style="color:#346633" href="http://assetenhancement.com/debtEquity.html" target="_blank"><strong>debt & equity solutions</strong></a>. </p>
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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:700px;">
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:700px;">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:700px;">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:700px;">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></p>
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