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DESIGN TRENDS, INC. - Florida Company Profile

Company Details

Entity Name: DESIGN TRENDS, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

DESIGN TRENDS, INC. is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act.

Status: Inactive

The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders.

Date Filed: 01 Feb 1984 (41 years ago)
Date of dissolution: 22 Sep 2023 (2 years ago)
Last Event: ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed: 22 Sep 2023 (2 years ago)
Document Number: G82662
FEI/EIN Number 592391794

Federal Employer Identification (FEI) Number assigned by the IRS.

Address: 5011 N. DIXIE HWY., BOCA RATON, FL, 33431
Mail Address: 5011 N. DIXIE HWY., BOCA RATON, FL, 33431
ZIP code: 33431
County: Palm Beach
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
PANARELLO THOMAS K President 1447 n w 50 th drive, boca raton, FL, 33431
PANARELLO THOMAS K Director 1447 n w 50 th drive, boca raton, FL, 33431
PANARELLO DONNA M Chief Financial Officer 1447 n w 50 th drive, bova raton, FL, 33431
PANARELLO THOMAS K Agent 1447 n w 50 th drive, boca raton, FL, 33431

Events

Event Type Filed Date Value Description
ADMIN DISSOLUTION FOR ANNUAL REPORT 2023-09-22 - -
REGISTERED AGENT NAME CHANGED 2019-10-10 PANARELLO, THOMAS K -
REINSTATEMENT 2019-10-10 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2017-09-22 - -
REGISTERED AGENT ADDRESS CHANGED 2014-04-17 1447 n w 50 th drive, boca raton, FL 33431 -
REINSTATEMENT 1994-10-04 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 1994-08-26 - -
CHANGE OF PRINCIPAL ADDRESS 1990-03-21 5011 N. DIXIE HWY., BOCA RATON, FL 33431 -
CHANGE OF MAILING ADDRESS 1990-03-21 5011 N. DIXIE HWY., BOCA RATON, FL 33431 -

Documents

Name Date
ANNUAL REPORT 2022-01-26
ANNUAL REPORT 2021-02-01
ANNUAL REPORT 2020-05-22
REINSTATEMENT 2019-10-10
ANNUAL REPORT 2016-04-06
ANNUAL REPORT 2015-03-18
ANNUAL REPORT 2014-04-17
ANNUAL REPORT 2013-04-08
ANNUAL REPORT 2012-04-17
ANNUAL REPORT 2011-03-24

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
6998717703 2020-05-01 0455 PPP 5011 N DIXIE HWY, BOCA RATON, FL, 33431-4922
Loan Status Date 2021-08-19
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 5209
Loan Approval Amount (current) 5209
Undisbursed Amount 0
Franchise Name -
Lender Location ID 9551
Servicing Lender Name Bank of America, National Association
Servicing Lender Address 100 N Tryon St, Ste 170, CHARLOTTE, NC, 28202-4024
Rural or Urban Indicator U
Hubzone N
LMI Y
Business Age Description New Business or 2 years or less
Project Address BOCA RATON, PALM BEACH, FL, 33431-4922
Project Congressional District FL-23
Number of Employees 1
NAICS code 423220
Borrower Race White
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Unanswered
Veteran Non-Veteran
Forgiveness Amount 5272.22
Forgiveness Paid Date 2021-07-22

Date of last update: 01 Apr 2025

Sources: Florida Department of State