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Loan Payable Under Credit Agreement (Tables)

12 Months Ended

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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- Definition

Schedule of covenant requirements, and FlexShopper’s actual results.

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