Telefix Communications Holdings Inc. (TLFX)

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PPP Loan Information Loan #8491918602
Loan Size: $67,300
Jobs Retained: 2
Loan Approved: 2021-03-25
Loan Status: Ongoing Loan
Lender: First Home Bank

Telefix Technologies LLC in Newark, DE received a Paycheck Protection Loan of $67,300 through First Home Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 2 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 3. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.