Sun Capital Group Offers An Alternate Business Funding Solution To The Credit Crunch At The Turnaround Management Association
Annual Convention 2008 October 27-29, 2008 New Orleans Marriott.
Boca Raton, FL (PRWEB) October 13, 2008 -- Sun Capital Group (SCG), a nationwide financial services company specializing in an alternate business funding solution, accounts receivable funding, for commercial companies, government contractors and healthcare providers, will exhibit at the Turnaround Management Association (TMA)'s annual convention at Booth 221 from October 27 - 29, 2008 at the New Orleans Marriott, announced Jim Beutel, SCG's Senior Vice President, Sales and Business Development.
The Turnaround Management Association is the premier professional community dedicated to the corporate renewal, turnaround management, restructuring and distressed investing industry. With more than 8,100 TMA members in 43 regional chapters, this year's convention will represent an unparalleled gathering of the leading turnaround firms and professionals in the industry and will provide them with a unique opportunity for networking and education.
"As liquidity continues to constrict, the turnaround industry is ripe for a major increase in activity," says Beutel. "Many businesses are in jeopardy and lack the objectivity to thoroughly evaluate and restructure their business. This is where TMA professionals step in."
Beutel went on to say, "SCG is a strategic funding source when TMA professionals are in both preventative and reactive client counseling modes. Our program enables TMA professionals to provide an alternate business funding solution for their clients that accelerates their cash flow and makes their balance sheet healthier."
"Whether in growth mode or fiscal stress, our accounts receivable funding programs successfully utilize a currently available and nonperforming asset - accounts receivable - to generate debt-free working capital," notes Beutel.
With SCG's accounts receivable funding programs, companies in turnaround mode can count on immediate and predictable cash flow without having to worry about tying up other assets or fluctuating interest rates.
"The cost of accounts receivable funding does not vary with changing interest rates like asset-based lending. When borrowing money from any debt-based financing provider, interest rates can fluctuate constantly since they are dependent on the credit market," says Beutel. "And with the credit market being the way it is now, it is certainly not in a company's best interest to rely on asset-based lending or any other type of debt-based financing as their only source of funding."
Beutel added he recently shared the benefits of SCG's Accounts Receivable Funding programs at a TMA New Jersey regional event. Attendees immediately saw the value of including SCG as an alternate business funding source.
"By sharing SCG's track record and case studies on how our funding programs have successfully supported businesses in turnaround mode, TMA attendees quickly recognized how accounts receivable funding can be used within their restructuring recommendations to their clients, both to resolve fiscal stress and, when applicable, to support 'renewed' growth," remarks Beutel.
SCG is headquartered at 999 Yamato Road, Third Floor, Boca Raton, FL 33431. For more information on SCG's accounts receivable funding programs or to set up a one-on-one meeting with Jim Beutel while at the show, call (800) 880-1709 or email Jim at jim @ suncapital.com.
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