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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)   December 10, 2014 (December 8, 2014)

 

FlexShopper, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   0-52589   20-5456087
(State or other jurisdiction of incorporation   (Commission File Number)   (IRS Employer Identification No.)
         

 

2700 North Military Trail, Ste. 200 Boca Raton, FL   33431
(Address of principal executive offices)   (Zip Code)
     
     
Registrant's telephone number, including area code   (561) 419-2923

 

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

Item 1.01 Entry into Material Definitive Agreement

 

See Item 2.03 below.

  

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

 

On December 8, 2014, the Issuer entered into a demand promissory note in the amount of $1 million with a principal stockholder. Such stockholder advanced $500,000 to the Issuer and may at the lender’s discretion advance an additional $500,000 upon the Issuer’s request. This is a secured loan, payable with interest at the rate of 15% per annum.

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  FlexShopper, Inc.
   
December 10, 2014 By:  /s/ Brad Bernstein
    Brad Bernstein, President and Chief Financial Officer

 

 

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