PR - Anchor Funding Seeks Small Biz A/Rs

Boca Raton, Fla.-based Anchor Funding Services, Inc. recognizes liquidity pressure impacting small businesses as banks tighten credit across the spectrum. This credit contraction has reduced borrowings available for small businesses from conventional sources and through their home equity lines of credit to finance their small business.

Based upon home values decreasing into the foreseeable future, lenders are requiring more stringent appraisals resulting in credit shortfalls and defaults. The opportunity to use your home equity line to finance your small business is drying up. Additionally, banks are instituting tougher credit criteria for small business funding and business loan products creating a funding void.

Anchor’s "fast cash" accounts receivable ("A/R") funding program is a funding alternative to the scarcity of business debt financing available for small businesses by U.S. banks. Anchor’s program establishes an unlimited A/R funding line of credit for its small business clients by purchasing its clients’ current A/R’s and providing an immediate cash advance to support the businesses’ working capital needs. Anchor relies on the credit quality of the A/R itself and not the financial condition of the business. Anchor’s "fast cash" A/R program will assist mortgage firms and banks in restructuring and replacing home equity lines of credit which are used to fund their clients’ small businesses.

Anchor provides innovative accounts receivable funding to small U.S. businesses. Funding facilities, which are based upon the credit worthiness of the accounts receivable, provides rapid and flexible financing to support small businesses’ daily capital needs.