Valcor in the media
Small Business Influencer Champion!
Valcor is honored to receive the Small Business Influencer Champion in New York City. The Small Business Influencer Awards honor those who are influential to and help small businesses in North America.
TV, Radio & Newspaper Coverage
Valcor CEO David Sussman is a frequent contributor to business television and radio shows on several media outlets across the country. As a small business advocate, he is seen on Fox Business Network and is featured in numerous print publications, such as The Washington Post, Real Clear Markets, among others.
How Small Business Owners Can Cope with Inflation and a Possible Recession
Helpful tips for the small business owner to survive a bear market, rising inflation and a possible recession.
Small business want confidence & certainty
Valcor’s David Sussman joins Fox Business Network to discuss the issues of the day, the Federal Reserve, Regulations and Healthcare and their impact on Small Business. What can the small business community expect?
Will another COVID-19 stimulus package will be available for small business?
Valcor Worldwide CEO on The Covid-19 Stimulus Bill for Small Business.
Government issues leading to small business not getting loans.
Watch Fox Business Network welcome back Valcor CEO David Sussman to discuss how the U.S. Government shutdown is affecting small business and possible solutions.
The bank may not be your only option for business loans
Watch David Sussman discuss 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.
The Coming Economic Storm – Valcor’s David Sussman on COVID-19 Small Business Economic Impact in 2021
AMA 371: COVID-19 Economic Impact David Sussman, Valcor Worldwide
Welcome To The Hotel Apocalypse
COVID-19’s impact on the small business has and continues to be dire, but one of the most devastating hit categories of business has been hospitality. VALCOR CEO David Sussman writes about the vast number of hotels, both small independents and brand name flagships, that will not survive.
Small Business Owners: It’s Time to Return to Both Economic and Psychological Normalcy
With mixed messages about unemployment and larger corporations rebounding from the COVID-19 pandemic, many of the 32 Million small businesses will not make it. VALCOR CEO David Sussman voices the concerns heard from exasperated clients.
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.
To Raise or Not to Raise: Minimum Wage Spurs Debate
How is the Minimum Wage debate effecting small business. In this Capital One Spark Business IQ, Valcor CEO David Sussman discusses the impact.
- Cut Personal Credit Ties to a Failing Business
- Business Card Benefits Outweigh Limitations for Most Businesses
Why You Should Care About the Debt Ceiling Debate
Valcor Named a Small Business Influencer
VALCOR is proud to have been listed alongside Apple, HP, & Yelp! as SMB Influencers!
News Coverage Excerpts
From CNNMoney Small Business – Hire a Debt Arbitrator
“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.