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PALM VALLEY RACING, INC. - Florida Company Profile

Company Details

Entity Name: PALM VALLEY RACING, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

PALM VALLEY RACING, 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: 15 Jun 2000 (25 years ago)
Document Number: P00000058232
FEI/EIN Number 593667058

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

Address: 4960 NW CR 152, JENNINGS, FL, 32053
Mail Address: P.O. BOX 551576, Jacksonville, FL, 32255, US
ZIP code: 32053
County: Hamilton
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
LARSEN BORGE Director 4960 NW CR 152, JENNINGS, FL, 32053
BANKSTON JEFFREY R Agent 2215 S 3RD ST, STE 101, JACKSONVILLE BEACH, FL, 32250

Fictitious Names

Registration Number Fictitious Name Status Filed Date Expiration Date Cancellation Date Mailing Address
G02358900048 JENNINGS GP ACTIVE 2002-12-24 2027-12-31 - PO BOX 551576, JACKSONVILLE, FL, 32255

Events

Event Type Filed Date Value Description
CHANGE OF MAILING ADDRESS 2015-01-14 4960 NW CR 152, JENNINGS, FL 32053 -
CHANGE OF PRINCIPAL ADDRESS 2009-10-19 4960 NW CR 152, JENNINGS, FL 32053 -

Documents

Name Date
ANNUAL REPORT 2024-02-13
ANNUAL REPORT 2023-01-20
ANNUAL REPORT 2022-01-28
ANNUAL REPORT 2021-02-03
ANNUAL REPORT 2020-01-29
ANNUAL REPORT 2019-04-04
ANNUAL REPORT 2018-01-22
ANNUAL REPORT 2017-01-16
ANNUAL REPORT 2016-01-28
ANNUAL REPORT 2015-01-14

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8243087008 2020-04-08 0491 PPP 4960 NW CR 152, JENNINGS, FL, 32053-3865
Loan Status Date 2021-06-10
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 34285.37
Loan Approval Amount (current) 34285.37
Undisbursed Amount 0
Franchise Name -
Lender Location ID 123975
Servicing Lender Name Madison County Community Bank
Servicing Lender Address 301 E Base St, MADISON, FL, 32340-2405
Rural or Urban Indicator R
Hubzone N
LMI Y
Business Age Description Existing or more than 2 years old
Project Address JENNINGS, HAMILTON, FL, 32053-3865
Project Congressional District FL-03
Number of Employees 21
NAICS code 711212
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 123975
Originating Lender Name Madison County Community Bank
Originating Lender Address MADISON, FL
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 34654.89
Forgiveness Paid Date 2021-05-25

Date of last update: 01 Apr 2025

Sources: Florida Department of State