Valcor in the media
2013 Small Business Influencer Champion!
Valcor is honored to receive the 2013 Champion Small Business Influencer in NYC. The Small Business Influencer Awards honor those who are influential to small businesses in North America.
Recent TV, Radio & Newspaper Coverage
Government Shutdown 2013: Small business not getting loans.
Watch Fox Business Networks’ Lauren Simonetti welcome back Valcor CEO David Sussman to discuss how the U.S. Government shutdown is effecting small business and possible solutions.
Small business lending growing scarce: Which loan alternative is right for your company?
Since the credit crisis began, small businesses have found it tough to get loans from traditional banks. In this Washington Post article, Valcor CEO David Sussman explains which type of company should pursue each loan alternative.
The bank may not be your only option for business loans
Watch Lauren Simonetti interview David Sussman about small business loan options and alternatives in the current credit environment.
Two economies: Why small business may be on the losing end
Fox Business Networks’ Robert Gray interviews Valcor CEO David Sussman about small business, lending, capital, commercial real estate, the increasing concern over regulations and the challenges in the economy.
Valcor Named a 2011 Small Business Influencer
VALCOR is proud to have been listed alongside Apple, HP, & Yelp! as 2011 SMB Influencers!
Money Matters radio interview with David Sussman
Business Today Radio Interview
News Coverage Excerpts
“As a debt arbitrator, Blumenfeld [a Valcor Licensee] sorts through the situation to negotiate a settlement. He works on a contingency basis for debtors, earning a percentage of the savings he creates. For example, if you owed a creditor $100,000 and Blumenfeld settles the debt for $30,000, you would pay him about 35 percent of the $70,000 you saved.”
From “Small Business News Journal – Business Monday” – The Los Angeles Times
“Valcor kept us out of court and negotiated the deal down by $130,000,” said the pharmacist. “Our payments went from $5,600 a month to about $900 a month. We aren’t out of the woods yet, but we’re OK.” Valcor also negotiated new terms with the drug wholesaler who had lent the pharmacist some of the cash to buy the pharmacy. The wholesaler agreed to take 20 percent of the pharmacy’s stock and forgave part of the debt. “Without the wholesaler’s help, we would have been underwater,” said the pharmacist. He said he spent about $50,000 on Valcor’s fee, but it was worth it to save his business. Sussman, who emigrated from England is trying to popularize debt mediation. He has trained affiliates in the United States and Britain since 1994.
From the Denver Post: “Business Mediation Can Save a Firm”
A Valcor Affiliate, Peter Connors in Dallas, helped a mortgage banker negotiate a deal with eight radio stations he owed $140,000. “We negotiated that debt down to 38 cents on the dollar with six months to pay,” Connors said, adding that he believes his negotiations saved the man’s business.
From the Washington Business Journal – Small Business Strategies
To promote mediation, Valcor sponsors an intense two-day training course for people who want to become mediators. Valcor also provides graduates with proprietary software and helps to set them up to handle clients. On any given day, about 5 million U.S. small business owners are behind on their bills.
From the Columbus Dispatch: “Mediation has helped many small business stay afloat”
“Mediation is a much better alternative than bankruptcy,” said John Karpac, a CPA and Valcor trained mediator in Langhorne, PA. “Creditors are usually able to get more than they would in a bankruptcy situation.” Karpac said one of his most rewarding cases involved a couple whose office manager had embezzled $100,000 a year for 10 straight years. When he was finally caught and indicted, their car dealership was $400,000 in debt. Karpac worked with creditors to reduce the debt by $100,000 and found them a new source of financing. “Their business is their life,” he said.