---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-078003"
form_type: "8-K"
ticker: null
cik: "0001397047"
company_name: "FlexShopper, Inc."
filed_at: "2025-08-18T23:59:59+00:00"
generated_at: "2026-05-17T11:50:24.149209+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-078003
- form_type: 8-K
- cik: 0001397047
- company_name: FlexShopper, Inc.
- filed_at: 2025-08-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397047/000121390025078003/0001213900-25-078003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397047/000121390025078003/ea0253760-8k_flex.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-078003
- JSON: https://secwatch.observer/filing/0001213900-25-078003.json
- Plain text: https://secwatch.observer/filing/0001213900-25-078003.txt

## Key facts
- Debt Financings
  FlexShopper, Inc. reported a default on credit facility with Powerscourt Investments 50, LP.
  - Instrument: credit facility
  - Counterparty: Powerscourt Investments 50, LP
  - Event: default
  source text: On August 12, 2025, the Relevant Parties (as defined below) received a Notice of Events of Default and Reservation of Rights from the Administrative Agent (the “Notice”), asserting that a number of Events of Default (as defined in the Credit Agreement) and Servicer Defaults (as defined in the Servicing Agreement described below) and have occurred and are continuing under the provisions of the Credit Agreement and the Servicing Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397047/000121390025078003/0001213900-25-078003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.