Item 1.01. Entry into Material Definitive Agreement.

On November 21, 2008, the Registrant's operating subsidiary, Anchor Funding Services, LLC ("Anchor') reported entering into a Loan and Security Agreement with Textron Financial Corporation (the "Credit Facility"). On May 20, 2009, the Registrant amended its Credit Facility to modify certain financial covenants which modifications the Registrant believes are favorable to it. These modifications will immediately increase our leverage to borrow based on our tangible net worth and allow us to use the Credit Facility for factoring portfolio acquisitions. However, the amendment accelerates the expiration date of the Credit Facility from November 21, 2011 to December 31, 2009 and decreases the facility from $15,000,000 to $5,000,000. The Credit Facility continues to contain customary representations and warranties, covenants, events of default and limitations, among other provisions. Morry F. Rubin, Chief Executive Officer, and Brad Bernstein, President, each personally guaranteed $250,000 of the line of credit.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibit.

The following exhibit is filed with this Form 8-K.

10.1 Amendment to Loan and Security Agreement with Textron Financial Corporation

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