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<!doctype html public "-//w3c//dtd html 4.0 transitional//en" "http://www.w3.org/tr/rec-html40/loose.dtd"> <!--website by pixellence www.pixellence.com--> <html> <head> <LINK REL="stylesheet" HREF="../aes_styles.css" TYPE="text/css"> <title>Success Story | Gas and Oil</title> <meta name="generator" content="bbedit 5.0"> </head> <body > <div align="center"> <table class="content" cellpadding="0" cellspacing="0" > <tr><td align="center" colspan="2"><a href="../index.html"><img src="../images/aesTop.jpg" width="889" height="173" border="0"></a></td></tr> <tr><td class="Topnav" align="center" colspan="3"> <a class="navTopFirst" href="../About.html">About Us</a> <a class="navTop" href="../NeilSeiden.html">Management</a> <a class="navTop" href="../News.html">In the News</a> <a class="navTop" href="../Success.html">Success Stories</a> <a class="navTop" href="../Contact.html">Contact Us</a> <a class="navTop" href="../payment.html">Payment</a> </td></tr> <tr><td valign="top" width="197"> <div id="leftnav"> <table class="leftTable" width="197" cellpadding="4" cellspacing="0" border="0"> <tr><td align="right"><a href="../debtEquity.html" class="navleft">Debt & Equity Financing</a><br/><img src="images/empty.gif" width="190" height="0" hspace="0" vspace="0" border="0" align="right"> </td></tr> <tr><td align="right"><a href="../M&A.html" class="navleft">Mergers & Acquisitions</a></td></tr> <tr><td align="right"><a href="../strategic-alliance.html" class="navleft">Strategic Alliances</a></td></tr> <tr><td align="right"><a href="../strategic-planning.html" class="navleft">Strategic Planning</a></td></tr> <tr><td align="right"><a href="../Business-plans.html" class="navleft">Business Plans</a></td></tr> <tr><td align="right"><a href="../cfo.html" class="navleft">CFO Services</a></td></tr> <tr><td align="right"><a href="../turnaround.html" class="navleft">Turnaround Consulting</a></td></tr> <tr><td align="right"><a href="../troubled.html" class="navleft">Troubled Company Services</a></td></tr> <tr><td align="right"><a href="../expense-reduction.html" class="navleft">Expense Reduction</a></td></tr> <tr><td align="right"><a href="../disaster-relief-loans/forms.html" class="navleft">Forms</a></td></tr> <tr><td align="right"><a href="../Expedite-IEEPA-Tariff-Claims.html" class="navleft">Expedite IEEPA Tariff Claims </a><br></td></tr> <tr><td align="right"><a href="../ERC-Services.html" class="navleft">Monetization of ERC </a><br></td></tr> </table> </div> </td> <td width="692" valign="top" align="left"> <table class="tomb" cellpadding="5" cellspacing="0"> <tr><td> <p class="tombstones"> <font color="#058063"><b>Financing Challenge:</b></font><br> <img style="margin: 0px 5px 5px -10px;" src="consulting-ppp.gif" width="164" height="129" hspace="0" vspace="0" border="0" align="left" alt="12-store-retail">A company providing services in the gas and oil industry fell victim to a significant slow-down of operations directly caused by the coronavirus pandemic. Dealing with ongoing costs and eventually bringing their employee base back to work was the main focus at hand. </p> <p class="tombstones">After seeing an advertisement included in the newsletter of a networking group, the company reached out. </p> <p class="tombstones"><font color="#058063"><b>Financing Solution:</b></font><br> A bit of background: the business was a new company, having established itself on March 1st. The old business had decided to end the service line, and the new business was a subdivision of the previous. The new owner re-hired the existing employees and took over contracts. AES consultants decided to apply for a PPP loan under the change of ownership eligibility requirements. </p> <p class="tombstones"> Though the first lender rejected the client's application, AES refused to let this setback impede their progress and took the client to a different lender. However, the second lender's requirements were significantly more time-consuming and laborious. Our consultants made a considerable effort analyzing documents, reformatting spreadsheets and determining the proper time period for calculations. A memo describing eligibility had to be drafted as well as a computation of the loan amount. The AES team stuck with the client for over a month in order to wade through the necessary paperwork. </p> <p><font color="#058063"><b>Contact</b></font><br>Neil Seiden, 516-767-0100<br><a href="mailto:[email protected]">[email protected]</a> </p> <p><< <A HREF="../Success.html"><b>Back to index</A></p><br/> </td></tr></table><br/> <br/> </td></tr></table> </td> </tr></table> </div> </body> </html>