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| 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. )*
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)
December
31,
2007
(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 10 4
|
Page 2 of 5 Pages | |||
|
1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank
M. DeLape
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
&
#160;
(a) [__]
(b) [X]
|
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS*
NOT
APPLICABLE
|
|
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
|
7
|
SOLE
VOTING POWER
120,000
|
|
8
|
SHARED
VOTING POWER
1,300,000
|
|
|
9
|
SOLE
DISPOSITIVE POWER
120,000
|
|
|
10
|
SHARED
DISPOSITIVE POWER
1,300,000
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,420,000
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
Excludes
options to purchase 60,000 shares which vest on February 28,
2009.
|
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.9%
-
Common [7.2% voting capital stock)
|
|
14
|
TYPE
OF REPORTING PERSON*
IN
|
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE
BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7
(INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
|
CUSIP
No. 032904 10 4
|
Page 3 of 5 Pages | |||
|
1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Benchmark
Equity Group
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP*
(a) [__]
(b) [X]
|
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS*
NOT
APPLICABLE
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d)
OR 2(e)
|
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
COLORADO
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
-0-
|
|
8
|
SHARED
VOTING POWER
700,000
|
|
|
9
|
SOLE
DISPOSITIVE POWER
-0-
|
|
|
10
|
SHARED
DISPOSITIVE POWER
700,000
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,000
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
Excludes
(i) Frank M. DeLape’s options to purchase 120,000 shares plus an
additional 60,000 options which vest on February 28, 2009 and (ii)
three
family trusts which own 600,000 shares in which his wife is the
trustee.
|
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
-
Common [3.6% voting capital stock)
|
|
14
|
TYPE
OF REPORTING PERSON*
OO
|
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE
BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7
(INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
|
CUSIP
No. 032904 10 4
|
Page 4 of 5 Pages | |||
On
June 29, 2007, the Issuer became a
reporting company under Section 12(g) of the Securities and Exchange Act of
1934, as amended, when its Form 10-SB (filed on April 30, 2007) became effective
(File No. 0-52589). This Schedule 13D is being filed for the reporting person
who was a 5% or greater stockholder at the time that the Form 10-SB became
effective in lieu of a Schedule 13G. For this reason, all references
to source of funds have been answered not applicable.
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)
|
Frank
M. DeLape
|
(b) 700
Gemini, Suite 100
Houston,
TX 77058
|
|
(c)
|
Chief
Executive Officer of Benchmark Equity Group and Six Diamond Resorts
International
|
(d) Not
applicable.
|
|
(e)
|
Not
applicable.
|
|
(f)
|
USA
|
|
|
(a)
|
Benchmark
Equity Group
|
(b) 700
Gemini, Suite 100
Houston,
TX 77058
|
|
(c)
|
Private
investment entity engaging in the purchase and sale of
securities.
|
(d) Not
applicable.
|
|
(e)
|
Not
applicable.
|
|
|
(f)
|
USA
|
Item
3. Source
and Amount of Funds or Other Consideration
Not
applicable.
Item
4. Purpose
of Transactions
|
(a)
|
-
(j) Not applicable.
|
This
filing is being made as a result of the effectiveness of the Issuer’s
registration statement on Form 10. Each of the Reporting Persons has acquired
the securities covered by this schedule for investment purposes only,
notwithstanding the fact that Frank M. DeLape is a director of the Issuer.
The
Reporting Persons do 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. However, Frank M. DeLape, as a director of the Issuer, may in
the
future take actions in his fiduciary duty that would otherwise be required
to be
described in Item 4 of Schedule 13-D. Each of the Reporting Persons may at
any
time review or reconsider its 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.
|
CUSIP
No. 032904 10 4
|
Page 5 of 5 Pages | |||
Item
5. Interest
in Securities of the Issuer
(a)
-
(b) As of December 31, 2007, the Issuer has
outstanding 11,820,555 shares of Common Stock and 1,342,500 shares of Series
1
Preferred Stock with the voting rights of 7,770,000 common shares. Of the
foregoing shares of Common Stock, the reporting persons beneficially own
1,320,000 shares of Common Stock (inclusive of outstanding options to purchase
120,000 shares held in the name of Mr. DeLape, but excluding options to purchase
60,000 shares which vest on February 28, 2009), representing 11.9% of the
outstanding Common Stock, and 7.2% of the voting capital stock. Mr. DeLape
has
the sole power to dispose of and vote 120,000 shares of Common Stock owned
by
him upon exercise of his options. Benchmark Equity Group, which is controlled
by
Mr. DeLape and three family trusts in which Mr. DeLape’s wife is trustee, have
the shared power to vote and dispose of 700,000 shares and 600,000 shares,
respectively.
(c) Not
Applicable.
(d)
-
(e) Not Applicable
Item
6. Contracts,
Arrangements, Understandings or Relationships with Respect to the Securities
of
the Issuer.
Mr.
DeLape currently serves as a director of the Company and is entitled to
indemnification and other benefits as a director.
Item
7. 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: January
9,
2008
|
By:
|
/s/ Frank M. DeLape | |
| Frank M. DeLape | |||
| BENCHMARK EQUITY GROUP | |||
|
|
By:
|
/s/ Frank M. DeLape | |
| Frank M. DeLape, Chief Executive Officer | |||