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Sun Capital Group Presented an Alternative Source to Debt or Loan Financing for Funding a Business at the 24th Annual AIRA (Association of Insolvency
Boca Raton, FL (PRWEB) June 24, 2008 -- Sun Capital Group (SCG), a leading nationwide financial services company specializing in accounts receivable funding as an alternative source to debt or loan financing for funding a business (http://www.suncapital.com/newsletter/AIRA_press_Release_Final.asp) and as a working capital strategy for commercial companies, government vendors and healthcare providers ; exhibited at the recent 24th Annual AIRA Conference at the JW Marriott Resort and Spa Las Vegas. Attendees showed great interest in how SCG's strategic business receivables funding (http://www.suncapital.com/newsletter/AIRA_press_Release_Final.asp) approaches have successfully helped resolve or minimize challenges due to bankruptcy and support restructuring endeavors for SCG's clients in a variety of businesses, noted SCG Senior Vice President, Business Development Jim Beutel.
The Association of Insolvency and Restructuring Advisors (AIRA) is a national not-for-profit organization serving the needs of business turnaround, restructuring and bankruptcy professionals. Its members consist of financial advisors, attorneys, business turnaround consultants, accountants, crisis managers, investment bankers, lenders, trustees and other individuals in the business turnaround, restructuring and bankruptcy practice areas. "Interest was extremely high for SCG's funding program at this year's AIRA Conference," confirmed Beutel. "Many of the attendees had clients currently in dire situations, either in the midst of bankruptcy proceedings and/or a restructuring transition, or with these challenges closely looming. Due to the specialized legal and financial
complexities involved in fiscal 'rescue' planning for commercial businesses, government contractors and healthcare providers, AIRA attendees agreed that SCG can be a strategic funding source (http://www.suncapital.com/newsletter/AIRA_press_Release_Final.asp) when in both preventative and reactive client counseling modes."
Beutel added that as he shared SCG's track record and case studies on how SCG's working capital strategies have successfully supported businesses in turnaround mode,. attendees immediately saw the value of including SCG as an alternative source to debt or loan financing for funding a business and for using accounts receivable funding within their restructuring recommendations to their clients, both to resolve fiscal stress and, when applicable, to support "renewed" growth. He said that several attendees also noted that by adding SCG's working capital strategy to their portfolio, they would have a distinct business development advantage for increasing their own client growth.
SCG's accounts receivable funding program utilizes a currently available and nonperforming asset -- a business's accounts receivable (A/R) -- to provide the immediate working capital needed to create a monthly cash flow plan, meet payroll and overhead, reduce debt and cut costs by using cash discounts. Businesses and healthcare providers can also use accounts receivable funding as a working capital strategy that provides cash infusion to purchase new equipment, increase inventory, upgrade systems and software, enhance employee development, expand existing facilities or fund the construction or purchase of a new building.
Not only is SCG's accounts receivable funding debt-free, the availability of funds grows as the A/R grows, whether the increase comes from customers, patients, government contracts, commercial invoices, or healthcare claims. Beutel added that SCG's accounts receivable funding program offers businesses flexibility and an immediate cash infusion which increases their purchasing power, provides a predictable and steady cash stream and reduces dependency on debt-incurring bank loans and lines of credit as sole forms of financing.. . Because A/R funding is not dependent on the availability of credit or limited by caps on credit lines, SCG's industry-specialized accounts receivable funding programs are an alternative source to debt or loan financing for funding a business and become an important tool in business financing and working capital strategies.
SCG is headquartered at 999 Yamato Road, Third Floor, Boca Raton, FL 33431. For more information on SCG's business receivable funding (http://www.suncapital.com/newsletter/AIRA_press_Release_Final.asp) programs, please contact Jim Beutel at jim(at)suncapital.com, his mobile office (609) 221-1394, or corporate office (800) 880-1709.
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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