Neil Seiden is co-founder of Asset Enhancement Solutions LLC (“AES”), 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.
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 $700 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.
When AES saw the problems that businesses were having during the beginning of the Payroll Protection Program in April 2020 with respect to communication, confusion and anxiety we decided to get actively involved in the PPP Program and try to help solve all these issues and focus on providing VIP service and hold people’s hands every step of the process.
AES processed PPP applications for 1,500 businesses, non-profits and independent contractors totaling $150 million in 35 states across the country. In addition to our role as an agent for various lenders, our team was able to troubleshoot many issues and provide advice to our clients as well. We helped save many companies around the country that were turned down for PPP loans by other lenders.
Another program arising from the Cares Act was the Employee Retention Credit. The good news is that this program provides tax credits up to $28,000 for each employee. The bad news is that it is taking many companies over 12 months to receive refund checks from the IRS.
Understanding that many companies adversely affected by COVID-19 need these refund checks to survive, AES is currently actively involved with assisting companies to monetize this ERC receivable.
Since October 2022, AES has successfully facilitated the monetization of over $20 million of ERC receivables for a number of companies throughout the country.
Mr. Seiden is periodically quoted in the New York Times, Newsday and Long Island Business News and is a frequent panelist at symposiums focused on financing. Mr. Seiden has spoken often about the different types of financing available for different stages of the business life cycle.
Mr. Seiden is a past president of the Long Island Chapter of the Turnaround Management Association, a past president of the Long Island Chapter of the Institute of Management Accountants, and on the board of the Middle Market Alliance of Long Island.
In April 2021 the Queens Chamber of Commerce launched an initiative with Asset Enhancement Solutions to assist more than 1,100 Chamber member businesses.
Per Tom Grech, president and CEO of the Queens Chamber, “Our members have many challenges both good and bad, and Asset Enhancement Solutions LLC has many creative financing solutions that can assist our members survive or thrive.”
Mr. Seiden began his career at KPMG after graduating Summa Cum Laude from Boston University with a BS in Accounting.
Mr. Seiden is a member of the Beta Gamma Sigma Honor Society. Mr. Seiden is a certified public accountant.