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v3.20.4

Loan Payable Under Credit Agreement (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of covenant requirements, and FlexShopper's actual results |
|  | December 31, 2020 |
|  | Required Covenant |  |  | Actual Position |
Equity Book Value not less than |  | $ | 8,000,000 |  |  | $ | 11,154,046 |
Unrestricted Cash greater than |  |  | 1,500,000 |  |  |  | 8,541,232 |
Consolidated Total Debt to Equity Book Value ratio not to exceed |  |  | 4.75 |  |  |  | 3.93 |

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