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PROFESSIONAL GRADE DESIGNS LLC - Florida Company Profile

Company Details

Entity Name: PROFESSIONAL GRADE DESIGNS LLC
Jurisdiction: FLORIDA
Filing Type: Florida Limited Liability Co.

PROFESSIONAL GRADE DESIGNS LLC is structured as a Limited Liability Company (LLC), a common business structure that offers its members limited liability protection, separating their personal assets from the company's debts and obligations.
In Florida, LLCs are governed by Title XXXVI, Chapter 605, Florida Revised Limited Liability Company 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: 16 Apr 2019 (6 years ago)
Date of dissolution: 27 Sep 2024 (6 months ago)
Last Event: ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed: 27 Sep 2024 (6 months ago)
Document Number: L19000104118
FEI/EIN Number 84-1876203

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

Address: 7355 35th CT, VERO BEACH, FL, 32967, US
Mail Address: 7355 35th CT, VERO BEACH, FL, 32967, US
ZIP code: 32967
County: Indian River
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
BARRANCO MAGDIEL Manager 191 10TH AVE, VERO BEACH, FL, 32962
BARRANCO MAGDIEL Agent 7355 35th Ct, VERO BEACH, FL, 32967

Events

Event Type Filed Date Value Description
ADMIN DISSOLUTION FOR ANNUAL REPORT 2024-09-27 - -
REINSTATEMENT 2023-06-15 - -
CHANGE OF PRINCIPAL ADDRESS 2023-06-15 7355 35th CT, VERO BEACH, FL 32967 -
REGISTERED AGENT ADDRESS CHANGED 2023-06-15 7355 35th Ct, VERO BEACH, FL 32967 -
CHANGE OF MAILING ADDRESS 2023-06-15 7355 35th CT, VERO BEACH, FL 32967 -
REGISTERED AGENT NAME CHANGED 2023-06-15 BARRANCO, MAGDIEL -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2020-09-25 - -

Documents

Name Date
REINSTATEMENT 2023-06-15
Florida Limited Liability 2019-04-16

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5748838910 2021-04-30 0455 PPS 191 10th Ave, Vero Beach, FL, 32962-2817
Loan Status Date 2023-02-08
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 72385
Loan Approval Amount (current) 72385
Undisbursed Amount 0
Franchise Name -
Lender Location ID 456756
Servicing Lender Name Cross River Bank
Servicing Lender Address 885 Teaneck Rd, TEANECK, NJ, 07666-4546
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Vero Beach, INDIAN RIVER, FL, 32962-2817
Project Congressional District FL-08
Number of Employees 4
NAICS code 236115
Borrower Race White
Borrower Ethnicity Hispanic or Latino
Business Type Limited Liability Company(LLC)
Originating Lender ID 456756
Originating Lender Name Cross River Bank
Originating Lender Address TEANECK, NJ
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 73642.32
Forgiveness Paid Date 2023-01-25
8847628404 2021-02-14 0455 PPP 191 10th Ave, Vero Beach, FL, 32962-2817
Loan Status Date 2021-09-28
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 69220
Loan Approval Amount (current) 69220
Undisbursed Amount 0
Franchise Name -
Lender Location ID 529471
Servicing Lender Name Itria Ventures LLC
Servicing Lender Address One Penn Plaza, Suite 4530, New York, NY, 10119
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Vero Beach, INDIAN RIVER, FL, 32962-2817
Project Congressional District FL-08
Number of Employees 4
NAICS code 236118
Borrower Race White
Borrower Ethnicity Hispanic or Latino
Business Type Limited Liability Company(LLC)
Originating Lender ID 529471
Originating Lender Name Itria Ventures LLC
Originating Lender Address New York, NY
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 69556.49
Forgiveness Paid Date 2021-08-23

Date of last update: 02 Mar 2025

Sources: Florida Department of State