Brad Bernstein, President of Anchor Funding Services, was quoted in a recent Smart Answers question about "Landing a Business Loan After A Bankruptcy" Smart Answers for Entrepeneurs covers entrepeneurship and small-business issues that gets specific advice from experts in a twice weekly column.

The question raised was how to does a small business get funding after its been turned from several banks because of a personal bankruptcy. The author mentions that banks have been tightening lending standards and that there are other options including bootstrapping, strategic investors, but the majority of the column is about factoring.

If your company has business-to-business commercial invoices, factoring is an option, Brad Bernstein was quoted, "Unlike a bank where a small business goes to get a loan, we don't care whether the client has poor personal credit, is profitable, is new, or is growing fast."

Anchor Funding Services finances product and services companies in many industries, including IT, staffing, manufacturing, security and transportation. If your business could potentially be a candidate for factoring, get a no obligation quote, or call one of our Account Executives at 866-950-6669.

Labels: anchor funding services, brad bernstein, small business factoring

Many small and medium sized business owners are not familiar with factoring and do not know that through AR funding, they can get cash for their Accounts Receivables. The cash can then be used to expand their business, pay suppliers or meet payroll.

In the brief video below, Anchor Funding Services explains factoring and shows how easy it can be to get cash for your receivables using Joe Biz, a small business owner as an example. Anchor Funding buys Joe's accounts receivable and gives Joe cash for those receivables. Anchor then collects the funds from Joe's suppliers, gets a small fee and wires the rest of the money to Joe's business. Anchor Funding Services also provided credit checks free of charge on all of Joe's clients and prospects, so Joe can feel confident with who he does business with.

If you think your business would benefit from Anchor Funding Services accounts receivable factoring services, please do not hesitate to call 866-950-MONY (6669) to talk to one of our friendly Account Managers, or you can get a quick quote here.

Labels: accounts receivable funding, anchor funding services, factoring, Joe Biz video

Welcome to the Anchor Funding Services Factoring Blog-

Anchor Funding Services is a factoring company based in Charlotte, NC with a sales office in Boca Raton, FL and a satellite office in the Odessa/Midland area of Texas to serve the unique needs of small and medium sized businesses in the Oil and Gas Industries. This blog will keep you up to date on the latest news and trends in factoring, tips and tools for small businesses, as well as financial news that potentially could effect you, our partners and our clients.

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Labels: anchor funding services, factoring