FlexShopper Enters Forbearance and Amendments to Credit Agreement With Basepoint, Secures Extended Loan Access Through October 2025
**FlexShopper Inc. Announces Amendment to Credit Agreement with BP Fundco, LLC** FlexShopper Inc. announced that on September 30, 2025, it entered into a Forbearance and Sixth Amendment to its existing Credit Agreement with BP Fundco, LLC (Basepoint), through its wholly owned subsidiary, Flex Revolution, LLC. Under the amended terms, Basepoint has agreed to continue to forbear from exercising remedies related to certain defaults by Flex Revolution-including failures to deliver financial statements and maintain required liquidity-through October 27, 2025, or until other specified conditions are triggered. The amendment also extends the period during which Flex Revolution can draw on the credit facility and allows for over-advances of up to $750,000, subject to specific conditions and repayment terms. Basepoint is providing these additional funds to support Flex Revolution's operations until an Article 9 UCC Sale of collateral scheduled for October 24, 2025. Following this sale, Flex Revolution's remaining obligations under the agreement will either be assumed by the purchaser or extinguished, and the subsidiary will cease operations.
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