FlexShopper, Inc. (NASDAQ:FPAY) Files An 8-K Entry into a Material Definitive Agreement

Item1.01. Entry into a Material Definitive Agreement.

On January 27, 2017, FlexShopper, Inc. (the Company), through a
wholly-owned indirect subsidiary (the Borrower), entered into an
amendment (the Omnibus Amendment) to the Credit Agreement
originally entered into on March 6, 2015 by and among the
Borrower and WE 2014-1, LLC, an affiliate of Waterfall Asset
Management, LLC, and certain other lenders thereunder from time
to time (as amended from time to time, the Credit Agreement). The
Omnibus Amendment amended the Credit Agreement to, among other
things, (1) extend the Commitment Termination Date (as defined in
the Credit Agreement) from May 6, 2017 to April 1, 2018 (with a
one-time right of extension by the lenders up to August 31,
2018), (2) require the Borrower to refinance the debt under the
Credit Agreement upon a Permitted Change of Control (as defined
in the Credit Agreement), subject to the payment of an early
termination fee, and (3) modify certain permitted debt and
financial covenants.

A copy of the Omnibus Amendment is filed with this report as
Exhibit 10.1 and is hereby incorporated by reference herein. The
foregoing description of the Omnibus Amendment does not purport
to be complete and is qualified in its entirety by reference to
the full text of such document.

Item2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

The disclosures set forth in Item 1.01 above are incorporated by
reference into this Item 2.03.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits.

About FlexShopper, Inc. (NASDAQ:FPAY)

FlexShopper, Inc. is a holding company. The Company, through FlexShopper, LLC (FlexShopper), is engaged in the business of providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. FlexShopper and its online LTO products provide consumers the ability to acquire durable goods, including electronics, computers and furniture on a payment, lease basis. Concurrently, FlexShopper’s model provides e-tailers and retailers an opportunity to upturn their sales by utilizing FlexShopper’s online channels to connect with consumers that want to acquire products on an LTO basis. FlexShopper processes LTO transactions using its LTO Engine. The LTO Engine is FlexShopper’s technology that automates the process of consumers receiving spending limits and entering into leases for durable goods within a few minutes. FlexShopper owns two subsidiaries: FlexShopper 1, LLC and FlexShopper 2, LLC.

FlexShopper, Inc. (NASDAQ:FPAY) Recent Trading Information

FlexShopper, Inc. (NASDAQ:FPAY) closed its last trading session down -0.11 at 5.36 with 3,075 shares trading hands.