Boca Raton, FL (PRWEB) September 25, 2008
As part of its annual dinner celebration, Sun Capital Group, Inc. (SCG) presented their employees with a gift to commemorate their dedication and loyalty to the company. A total of 22 employees received brass pins decorated with white stones symbolizing the number of years each employee has been with SCG, one of the leaders in providing working capital solutions for commercial businesses, government vendors, and healthcare providers.
"12 years ago, we started this company in an effort to make a difference for other companies who were on the brink of financial disaster. It is rewarding to know that through all the trials and successes, our management team has been blessed with a staff that is truly on board with our vision and many that have been with us for as long as 10 years," says Peter Baronoff, Chairman and Co-founder of SCG.
Sun Capital, Inc. (SCI) was established in 1996 as a specialized funding source providing factoring services to commercial businesses and government vendors. Shortly after SCI's launch, the management team quickly recognized the healthcare industry had unique fiscal challenges and could also benefit from a similar accounts receivable funding tool. Consequently, Sun Capital HealthCare, Inc. (SCH) was launched in 1999 as a specialized funding source exclusively for healthcare businesses in need of working capital. Sun Capital Group, Inc. (SCG) is the marketing organization for Sun Capital, Inc. and Sun Capital HealthCare, Inc.
Having funded billions of dollars of accounts receivables for their clients, Sun Capital Group has reached a significant milestone in its history. Glenn Robinson, President of Iron Bridge Tools, Inc., a full service design and manufacturer of all types of hand tools, credits SCG as playing a critical part in his company's success.
"I can honestly say we would not have been successful without Sun Capital. Their team has become an extension of our team." Robinson continues, "Thanks to Sun Capital's guidance and utilizing their business factoring and accounts receivable funding program, our business has grown 200% and our work force has tripled in two years."
According to Jim Beutel, SVP of Sales and Business Development for SCG, it is not unusual for SCG clients to yield similar results when accounts receivable funding is incorporated as part of an overall financial plan.
"Our clients can best utilize our accounts receivable funding program when included as a component within a comprehensive financial strategy," notes Beutel. "Healthcare and commercial companies employ our accounts receivable funding program as a source to generate debt-free working capital which can be used for business growth, expansion or survival."
Sun Capital Group's funding programs' flexibility and immediate cash infusion reduces dependency on debt-incurring bank loans and lines of credit as a business's sole form for acquiring working capital. It provides a predictable and steady cash stream and the amount of A/R funding is not limited by a bank's often undervalued assessment of a company's assets.
Baronoff says Sun Capital's accounts receivable funding program's effectiveness as a cash flow solution coupled with his staff's commitment to client satisfaction, has made SCI and SCH industry leaders with the resources and expertise to support the growth and success of their clients' businesses.
"In another 10 years, we are confident Sun Capital Group will continue to be a leading force in accounts receivable funding and will continue to attract outstanding personnel who are willing to go above and beyond the expectations of our clients," Baronoff concludes.
Sun Capital Group, Inc. is headquartered at 999 Yamato Road, Third Floor, Boca Raton, FL 33431. For more information on SCH's medical accounts receivable funding program or on SCI's accounts receivable funding program for commercial industries, call (800) 880-1709 to speak with one of our senior funding specialists.