Pros

One of Anchor Funding Services’s best qualities is they will frequently provide funding on factored invoices within 24 hours. This speed of deposit can really help protect the revenue stream of your business, and ensures you have the capital you need to complete projects and grow.

Anchor Funding Services has the added benefit of the fact that they can help many different companies find the right factoring solution for their specific needs. This is because their service is very flexible and can accomadate the issues that many different businesses face.

Finally, they work in many different industries. This gets them a few extra points in our review because it increaes the range of companies that can use their services.

Cons

However, there are some issues with Anchor Funding Services. The first is their website isn’t very easy to use and lacks much of the information that a potential customer might want, including explanations of factoring and other elements of their service.

Anchor Funding Services also loses points because they lack the information that businesses interested in factoring need to be able to compare their services to their competitors. As a result, we don’t have the information we need to do a fair apples apples comparison, costing them points in our review.

Finally, their fees are on the high end of what we expect in the industry. This brings them down a few marks because fees can be a red flag for other pricing transparency issues. Greater fees also relate to lower customer satisfaction in our research.