FlexShopper Inc. Faces Forbearance Due to Delayed Financial Reporting
FlexShopper Inc. has disclosed a delay in delivering its financial statements for the fiscal year ended December 31, 2024. The company, along with its subsidiary Flex Revolution, LLC, entered into a Forbearance and Fifth Amendment to the Credit Agreement with BP Fundco, LLC, on August 29, 2025. The agreement allows the lender to forbear from exercising rights against the borrower due to the late financial reporting, with the forbearance period set to end on September 30, 2025, unless extended or terminated earlier. This disclosure was made in a Form 8-K filing.
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