It does appear that you have developed erectile dysfunction. It would be my advise that you seek evaluation by an erectile dysfunction/Peyronie’s disease expert who could perform the proper studies to see if you may be a candidate for the following medical treatment such as vacuum therapy, intracorporeal injection therapy, intraurethral therapy or, of course surgical correction with and without the above noted therapies or most likely with a penile prosthesis to provide straightening and rigidity when you want it. If you are having problems with maintaining an erection even with a constriction band, it does suggest that you are having more advanced venous leakage, and therefore it is likely you will need placement of a prosthesis as noted above.
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