The article then goes into detail about one avenue of financing that is readily available, factoring or accounts receivable financing. Morry Rubin discusses the tightening of the current credit markets and that clients who normally paid in 15 days are extending to 30 and those that paid in 30 are well past 60. Anchor Funding Services, a factoring company has seen a significant increase in business over the last couple months and expects that to continue as "the crisis was not created in one day - it will take time to heal."

If you are a small or medium sized business that has been turned down by bank lenders and are having a difficult time meeting payroll or your clients have been slow to pay contact one of our Business Development Officers at 866-950-6669 or go to our website and get a no obligation quote to learn if accounts receivable financing would help your business.

Another advantage of factoring your accounts receivable with Anchor Funding Services, is we provide Bank and Trade References free of charge to all of our customers. Before you do business with a company simply let your Account Executive know the name of the business and a contact and we will run a check on that company to see if they are likely to pay their bills and make a recommendation if you should do business with them. In these difficult economic times, it is essential for a small business to know who they are doing business with. To talk with one of our Business Development Officers about factoring your invoices and our free bank and trade reference checks, please call us at 866-950-6669 or visit our website and get a no obligation quote.