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PROPEL ENGINEERING, LLC - Florida Company Profile

Company Details

Entity Name: PROPEL ENGINEERING, LLC
Jurisdiction: FLORIDA
Filing Type: Florida Limited Liability Co.

PROPEL ENGINEERING, 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: 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: 10 Sep 2024 (7 months ago)
Last Event: LC AMENDMENT
Event Date Filed: 11 Oct 2024 (6 months ago)
Document Number: L24000388611
Address: 2711 VISTA PARKWAY SUITE B-7, WEST PALM BEACH, FL, 33411, US
Mail Address: 2711 VISTA PARKWAY SUITE B-7, WEST PALM BEACH, FL, 33411, US
ZIP code: 33411
County: Palm Beach
Place of Formation: FLORIDA

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
PROPEL ENGINEERING 401(K) PLAN 2020 463316950 2021-06-21 PROPEL ENGINEERING 9
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2017-01-01
Business code 541330
Sponsor’s telephone number 5618665730
Plan sponsor’s address 2711 VISTA PARKWAY, SUITE B-7, WEST PALM BEACH, FL, 33411

Signature of

Role Plan administrator
Date 2021-06-21
Name of individual signing MAJHARUL ALAM
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2021-06-21
Name of individual signing MAJHARUL ALAM
Valid signature Filed with authorized/valid electronic signature
PROPEL ENGINEERING 401(K) PLAN 2019 463316950 2020-09-30 PROPEL ENGINEERING 12
Three-digit plan number (PN) 001
Effective date of plan 2017-01-01
Business code 541330
Sponsor’s telephone number 5618665730
Plan sponsor’s address 6685 FOREST HILL BLVD, STE 205, GREENACRES, FL, 334133357

Signature of

Role Plan administrator
Date 2020-09-30
Name of individual signing MAJHARUL ALAM
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2020-09-30
Name of individual signing MAJHARUL ALAM
Valid signature Filed with authorized/valid electronic signature
PROPEL ENGINEERING 401(K) PLAN 2019 463316950 2020-10-08 PROPEL ENGINEERING 12
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2017-01-01
Business code 541330
Sponsor’s telephone number 5618665730
Plan sponsor’s address 2711 VISTA PARKWAY, SUITE B-7, WEST PALM BEACH, FL, 33411

Signature of

Role Plan administrator
Date 2020-10-08
Name of individual signing MAJHARUL ALAM
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2020-10-08
Name of individual signing MAJHARUL ALAM
Valid signature Filed with authorized/valid electronic signature
PROPEL ENGINEERING 401(K) PLAN 2018 463316950 2019-09-24 PROPEL ENGINEERING 8
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2017-01-01
Business code 541330
Sponsor’s telephone number 5618665730
Plan sponsor’s address 6685 FOREST HILL BLVD, STE 205, GREENACRES, FL, 334133357

Signature of

Role Plan administrator
Date 2019-09-24
Name of individual signing MAJHARUL ALAM
Valid signature Filed with authorized/valid electronic signature
PROPEL ENGINEERING 401(K) PLAN 2017 463316950 2018-09-28 PROPEL ENGINEERING 6
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2017-01-01
Business code 541330
Sponsor’s telephone number 5618665730
Plan sponsor’s address 6685 FOREST HILL BLVD, STE 205, GREENACRES, FL, 334133357

Signature of

Role Plan administrator
Date 2018-09-28
Name of individual signing MAJHARUL ALAM
Valid signature Filed with authorized/valid electronic signature

Key Officers & Management

Name Role Address
ABDALLAH MOHAMMED Chief Executive Officer 3101 MAGUIRE BLVD STE 265, OLRANDO, FL, 32803
ALAM MAJHARUL President 2711 VISTA PARKWAY STE B-7, WEST PALM BEACH, FL, 33411
BERGIN MATT Authorized Person 501 S FLAGLER DR STE 110B, WEST PALM BEACH, FL, 33401
VARGAS ALEX Authorized Person 501 S FLAGLER DR STE 110B, WEST PALM BEACH, FL, 33401
RUSS CAROL Authorized Person 3101 MAGUIRE BLVD STE 265, ORLANDO, FL, 32803
ALVAREZ DE BIASE Agent 595 S. FEDERAL HWY. SUITE 620, BOCA RATON, FL, 33432

Events

Event Type Filed Date Value Description
LC AMENDMENT 2024-10-11 - -
CONVERSION 2024-09-10 - CORPORATION WAS A CONVERSION RESULT. CONVERTING CORPORATION WAS P13000063236. CONVERSION NUMBER 300000258183

Documents

Name Date
LC Amendment 2024-10-11
Florida Limited Liability 2024-09-10

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
7320017902 2020-06-17 0455 PPP 2711 VISTA PKWY, WEST PALM BEACH, FL, 33411-2703
Loan Status Date 2021-02-20
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 190486
Loan Approval Amount (current) 190486
Undisbursed Amount 0
Franchise Name -
Lender Location ID 225134
Servicing Lender Name Truist Bank
Servicing Lender Address 214 N Tryon St, CHARLOTTE, NC, 28202-1078
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address WEST PALM BEACH, PALM BEACH, FL, 33411-2703
Project Congressional District FL-21
Number of Employees 11
NAICS code 541330
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 225134
Originating Lender Name Truist Bank
Originating Lender Address CHARLOTTE, NC
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 191665.95
Forgiveness Paid Date 2021-01-28

Date of last update: 01 Apr 2025

Sources: Florida Department of State