Flex Revolution LLC Secures $20 Million Credit Facility Through Basepoint Credit Agreement Amendment
Flex Revolution LLC, a wholly owned subsidiary of FlexShopper Inc., has entered into a significant financial agreement through a Joinder Agreement to a Credit Agreement known as the Basepoint Credit Agreement. This agreement, effective June 7, 2023, includes Flex Revolution LLC, Revolution Financial, Inc., and other involved parties. The agreement facilitates a credit facility of up to $20 million, designated for the origination of consumer loans, with an annual interest rate of 13.42%. The principal balance under this agreement is set to be repaid by June 7, 2026. Additionally, the Draw Period, which allows the Borrowers to access funds, has been extended to July 31, 2025, with the possibility of a further one-year extension.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FlexShopper Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-054039), on June 13, 2025, and is solely responsible for the information contained therein.
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