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PALM ISLAND TRANSIT, INC. - Florida Company Profile

Company Details

Entity Name: PALM ISLAND TRANSIT, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

PALM ISLAND TRANSIT, 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: Active

The business entity is active. This status indicates that the business is currently operating and compliant with state regulations, suggesting a lower risk profile for lenders and potentially better creditworthiness.

Date Filed: 28 Oct 1988 (36 years ago)
Document Number: K41836
FEI/EIN Number 650142530

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

Address: 7092 PLACIDA RD., PLACIDA, FL, 33946
Mail Address: 7092 PLACIDA RD., PLACIDA, FL, 33946
ZIP code: 33946
County: Charlotte
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
McFarland Kathryn Director 7092 Placida Road, Placida, FL, 33946
BECKSTEAD ADAM Agent 7092 PLACIDA ROAD, CAPE HAZE, FL, 33946
BECKSTEAD, ADAM President 7092 PLACIDA RD, CAPE HAZE, FL
BECKSTEAD, ADAM Director 7092 PLACIDA RD, CAPE HAZE, FL

Events

Event Type Filed Date Value Description
REGISTERED AGENT NAME CHANGED 2018-05-03 BECKSTEAD, ADAM -
CHANGE OF PRINCIPAL ADDRESS 2003-03-17 7092 PLACIDA RD., PLACIDA, FL 33946 -
CHANGE OF MAILING ADDRESS 2003-03-17 7092 PLACIDA RD., PLACIDA, FL 33946 -
REGISTERED AGENT ADDRESS CHANGED 2002-04-10 7092 PLACIDA ROAD, CAPE HAZE, FL 33946 -

Documents

Name Date
ANNUAL REPORT 2024-03-12
AMENDED ANNUAL REPORT 2023-05-22
ANNUAL REPORT 2023-04-12
ANNUAL REPORT 2022-02-24
ANNUAL REPORT 2021-03-30
ANNUAL REPORT 2020-02-12
ANNUAL REPORT 2019-04-25
AMENDED ANNUAL REPORT 2018-05-03
ANNUAL REPORT 2018-03-30
ANNUAL REPORT 2017-01-26

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5521297107 2020-04-13 0455 PPP 7092 Placida road, Cape Haze, FL, 33946
Loan Status Date 2021-02-20
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 101900
Loan Approval Amount (current) 101900
Undisbursed Amount 0
Franchise Name -
Lender Location ID 17774
Servicing Lender Name Crews Bank and Trust
Servicing Lender Address 106 E Main St, WAUCHULA, FL, 33873-2716
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Cape Haze, CHARLOTTE, FL, 33946-0001
Project Congressional District FL-17
Number of Employees 21
NAICS code 487210
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 112136
Originating Lender Name Crews Bank and Trust
Originating Lender Address Englewood, FL
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 102623.07
Forgiveness Paid Date 2021-01-07

Date of last update: 02 Apr 2025

Sources: Florida Department of State