FlexShopper, Inc. — Major Shareholding Notification 2009

Jul 15, 2009

SC 13D/A 1 form13da.htm ANCHOR FUNDING SERVICES, INC. FORM SC 13D/A MARC MALAGA form13da.htm Licensed to: parh21er Document Created using EDGARizer 4.0.7.0 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

OMB APPROVAL

OMB Number: 3235-0145

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1 )*

ANCHOR FUNDING SERVICES, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

032904 10 4

(CUSIP Number)

Steven Morse, Esq., Morse & Morse, PLLC., 1400 Old Country Road, Westbury, NY 11590 (516-487-1446)

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 8, 2009

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box 9.

Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.)

Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act ("ACT") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 032904 Schedule 13D Page 2 of 5 Pages

| 1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Marc Malaga | | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) | | 3 | SEC USE ONLY | | 4 | SOURCE OF FUNDS* PF | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA |

| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 1,306,226 *** | | --- | --- | | 8 | SHARED VOTING POWER | | 9 | SOLE DISPOSITIVE POWER 1,256,474 *** | | 10 | SHARED DISPOSITIVE POWER |

CUSIP No. 032904 Schedule 13D Page 3 of 5 Pages

| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,256,474**** | | --- | --- | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%

• Common* (6.4% voting capital stock)** | | 14 | TYPE OF REPORTING PERSON* IN |

• Based upon 12,940,378 common shares outstanding as reported in the Registrant’s Form 10-Q for the quarter ended March 31, 2009.

** Based upon 12,940,378 common shares outstanding and 1,314,369 preferred shares outstanding, with the voting rights of 5.7877 shares or a total of 7,607,173 voting shares.

*** Mr. Malaga owns (i) 63,161 preferred shares (exclusive of accrued and undeclared dividends) convertible into 315,805 common shares but with the voting rights of 365,557 shares plus (ii) 940,669 common shares.

**** Based upon economic ownership and not voting rights.

CUSIP No. 032904 Schedule 13D Page 4 of 5 Pages

Item 1 . Security and Issuer

This statement relates to the Common Stock of Anchor Funding Services, Inc. (the “Issuer”). The Issuer’s executive office is located at 10801 Johnston Road, Suite 210, Charlotte, NC 28226.

Item 2 . Identity and Background

| (a) | Marc Malaga | | --- | --- | | (b) | 6434 Via Rosa, Boca Raton, FL 33433 | | (c) | Consultant. | | (d) | Not applicable. | | (e) | Not applicable. | | (f) | USA |

Item 3. Source and Amount of Funds or Other Consideration

Personal Funds.

CUSIP No. 032904 Schedule 13D Page 5 of 5 Pages

Item 4. Purpose of Transactions

| (a) | - (j) Not applicable. | | --- | --- | | | The Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions required to be described in item 4 of Schedule 13D. The Reporting Person may at any time review or reconsider his position with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but has no present intention of doing so. | | Item 5. | Interest in Securities of the Issuer | | | (a)

• (b) As of May 31, 2009, the Issuer has outstanding 12,940,378 shares of Common Stock and 1,314,369 shares of Series 1 Preferred Stock with the voting rights of 7,607,173 common shares. Of the foregoing shares of Common Stock, the reporting person beneficially owns 940,669 shares of Common Stock as of May 31, 2009 and 63,161 preferred shares convertible into 315,825 common shares (but with the voting rights of 365,557 shares), representing 9.5% of the outstanding Common Stock, and 4% of the voting capital stock. The reporting person has the sole power to dispose and vote of 940,669 shares of Common Stock and 63,161 preferred shares owned by him. The foregoing information is exclusive of accrued and undeclared dividends on Mr. Malaga’s preferred share ownership which has an annual dividend through December 31, 2009 of 8% payable in cash or in additional shares of Preferred Stock, based upon an assumed value of $5.00 per share of Preferred Stock. (c) Since March 2009, Mr. Malaga has purchased 940,669 shares of the Company’s Common Stock at prices ranging from $.60 to $1.25 per share. In May 2009, the reporting person entered into agreements to acquire an aggregate of 63,161 share of Preferred Stock in four private transactions at approximately $4.54 per Preferred Share (equal to approximately $.91 per Common Share). This transaction closed on July 8, 2009. (d)
• (e) Not Applicable | | Item

1. | Contracts, Arrangements, Understandings or Relationships with Respect to the Securities of the Issuer. | | | Not Applicable | | Item
2. | Materials to be filed as Exhibits | | | Not Applicable. |

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: July15, 2009

Signature By: /s/ Marc Malaga

Marc Malaga