Exhibit 99.3


FOR
IMMEDIATE RELEASE – November 16, 2009





Anchor
Funding Services, Inc. reports third quarter fiscal 2009 results.





Boca Raton, Fl. (PR Newswire)November 16, 2009 – Anchor Funding Services, Inc. (OTC Bulletin Board
Symbol “AFNG”) announced today its results of operations for the quarter ended
September 30, 2009. The company reported third quarter 2009 net finance revenues
of $390,555 as compared to $338,356 for the comparable period of the prior year.
The company reported nine month ended September 30, 2009 net finance revenues of
$1,188,035, as compared to $823,533 for the comparable period of the prior
year.  The company also reported a third quarter 2009 net loss of
$396,922 as compared to a net loss of $240,427 for the comparable period of the
prior year.  The company reported a nine month 2009 net loss of
$1,070,575, as compared to $947,680 for the comparable period of the prior
year.  The increase in net financing revenues for each reporting
period is attributable to the company’s investments in launching various sales
initiatives. The net loss for each reporting period is attributable to costs
associated with our sales initiatives, marketing and operations personnel, and
increases in general and administrative costs. In September 2009, the Company
began implementing certain cost reducing initiatives which are expected to
reduce annual operating expenses by approximately $500,000.




Morry F.
Rubin, CEO stated that “While building upon our organic growth initiatives we
continue to explore acquisition opportunities of other U.S. factoring and
related finance firms which would enhance our ability to increase revenues and
profits, add additional services and increase our geographic footprint and
clients.”  In 2008 U.S. factoring volume (the dollar volume of
invoices purchased) was approximately $136 billion.  Acquisitions of
regional factoring and specialty finance firms present a significant opportunity
to capitalize on the current credit contraction and turmoil in U.S. credit
markets.





Anchor
provides accounts receivable financing to most types of U.S. businesses where
the performance of a service or the delivery of a product can be
verified.  We have the ability to check a company’s credit and
evaluate its ability to pay invoices.  Typically, small businesses do
not have adequate resources to manage the credit and A/R collection functions
internally and cannot afford to provide their customers extended credit
terms.





Anchor is
continuing to benefit from the current credit problems experienced by banks and
other financial institutions.  Banks face continued pressure to exit
troubled loans and rebuild their balance sheets.   As a result,
lending criteria have tightened making it increasingly difficult for small
businesses to obtain working capital.  Through our sales and marketing
efforts we are implementing various ways to obtain business opportunities from
bank rejections.  Anchor is often able to provide working capital to
small businesses when banks cannot.





We are
excited about our future expansion and acquisition opportunities and will
continue to communicate important developments as they occur.





About
Anchor





Anchor
provides innovative accounts receivable funding and credit management services
to small and mid-size U.S. businesses.  Our funding program which is
based upon creditworthiness of accounts receivable, provides rapid and flexible
financing to support small businesses’ daily working capital needs.




Additional
Information




For
additional information, a copy of Anchor’s Form 10-Q can be obtained on the
Internet by going to www.sec.gov, clicking “Search for Company filings,” then
clicking “Companies & Other Filers,” typing in our company name and clicking
“find Companies.”




Safe
Harbor Statement Under the Private Securities Litigation Reform Act of
1995.




Certain
statements in this press release constitute “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995.  Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different from any
future results, performances or achievements express or implied by such
forward-looking statements.  The forward-looking statements are
subject to risks and uncertainties including, without limitation, changes in
levels of competition, possible loss of customers, and the company’s ability to
attract and retain key personnel.





Contact
Morry F. Rubin, Chairman and C.E.O. (866) 950- 6669 EXT 302


Email:
mrubin@anchorfundingservices.com