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Loan Payable Under Credit Agreement (Tables)

12 Months Ended

Dec. 31, 2022

Loan Payable Under Credit Agreement [Abstract]

Schedule of covenant requirements, and flexshopper's actual results

		December 31, 2022
		Required Covenant				Actual Position
Equity Book Value not less than		$	9,636,387			$	31,034,673
Liquidity greater than			1,500,000				6,051,713
Cash greater than			500,000				6,173,350
Consolidated Total Debt to Equity Book Value ratio not to exceed			5.25				3.14

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- Definition

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

+ References

No definition available.

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