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Financing Challenge:
Asset Enhancement Solutions, LLC had been working with Long Island Boat Rentals to finance the purchase of an expensive yacht they were adding to their fleet of boats. Just as this loan was getting ready to close the COVID-19 pandemic hit. The Company and the various 1099 employees that worked for the Company had applied to some of the large banks for PPP loans and were rejected. They have a complicated situation with a seasonal business and a staff that are paid as independent contractors. They had no idea what to do.

Financing Solution:
Our team of experts worked with the Company and its staff step by step to get their applications into the SBA.

To learn more about how we can assist you with your PPP loan, please contact
Neil Seiden, 516-767-0100

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