FlexShopper subsidiary defaults triggered; short forbearance to Aug 22, 2025

FlexShopper, Inc.

FlexShopper 2, LLC received Notice of Events of Default on Aug 12 for misrepresentations and false info in financial statements.
Forbearance agreement runs through Aug 22, 2025; lenders forbear from exercising remedies during that period.
Borrower paid $180k in legal fees and acknowledged defaults have triggered obligations under the Validity Guaranty.
Parties exploring long-term financing solutions; any additional default ends forbearance immediately.

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