For 2010, Small Business Continues to Experience Challenges- Valcor Business Debt Mediation Can Help

Vancouver, Canada, February 14, 2010 --(PR.com)-- U.S. unemployment rates are supposedly slowly decreasing, yet indicators show that the reason isn’t because people are being hired… it may be the new way unemployment is actually calculated: Discouraged workers who no longer seek employment (given up) are no longer counted in the total unemployed pool. In fact the real unemployment rate is technically at 16.5%. "The the ranks of the long-term unemployed swelled to over 6 million and the number of "discouraged" job seekers rose to 1.1 million vs. 734,000 a year ago" (Yahoo! Finance Mixed Bad Unemployment - February 5, 2010)

Historically in previous recessions, what created jobs in a recovery was small business. It is widely accepted that small business is the lifeblood of the economy. However, economists are now in a panic. We are not seeing the growth necessary for a true recovery to take place. As reported this week in Bloomberg (No Job Growth for Small Business Spurs Recovery Doubt February 8, 2010). Small businesses are becoming the Achilles heel of the U.S. recovery by limiting growth and job creation. "They continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New Jersey-based Automatic Data Processing Inc., the world’s largest payroll processor."

At Valcor, they see an increasing number of cases where the small business owner is under siege. From slowdowns in account receivables, credit line decreases which affect working capital and a general pessimistic outlook for the future, the number of small business owners in trouble are growing.

As a Business Debt Mediation and Small Business Restructuring firm with Licensees throughout North America, each day they are in contact with small businesses that are looking for ways to reduce and restructure their debt levels with existing creditors. The account receivables are slowing and in many cases are disappearing. AR is lifeblood for small business and quickly turns a once viable business creditor into a non-paying business debtor.

If your business has been affected by the continuing troubles we see in the economy, allow one of their professionally trained Licensees to provide you with local support. At Valcor, there is No Fee is there isn't a successful resolution of a business debt portfolio. In most cases, businesses are able to reduce debt levels by 30-70% and maintain ongoing relationships with their existing creditors.

For more details, contact Jennifer Sloan at 1-877-2VALCOR ext 130.

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