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MAGMA DIAMOND TOOLS, INC. - Florida Company Profile

Company Details

Entity Name: MAGMA DIAMOND TOOLS, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

MAGMA DIAMOND TOOLS, 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: 10 Oct 2002 (23 years ago)
Document Number: P02000109587
FEI/EIN Number 134215137

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

Address: 401 Gordon St, Sanford, FL, 32771, US
Mail Address: 401 Gordon St, Sanford, FL, 32771, US
ZIP code: 32771
County: Seminole
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
Proctor Young President 401 Gordon St, Sanford, FL, 32771
Proctor Young Secretary 401 Gordon St, Sanford, FL, 32771
Proctor Young Director 401 Gordon St, Sanford, FL, 32771
PROCTOR YOUNG C Agent 401 Gordon St, Sanford, FL, 32771

Events

Event Type Filed Date Value Description
CHANGE OF PRINCIPAL ADDRESS 2020-01-20 401 Gordon St, Sanford, FL 32771 -
CHANGE OF MAILING ADDRESS 2020-01-20 401 Gordon St, Sanford, FL 32771 -
REGISTERED AGENT ADDRESS CHANGED 2020-01-20 401 Gordon St, Sanford, FL 32771 -

Documents

Name Date
ANNUAL REPORT 2025-01-21
ANNUAL REPORT 2024-01-19
AMENDED ANNUAL REPORT 2023-06-28
AMENDED ANNUAL REPORT 2023-06-07
AMENDED ANNUAL REPORT 2023-02-07
ANNUAL REPORT 2023-01-04
ANNUAL REPORT 2022-01-18
AMENDED ANNUAL REPORT 2021-11-15
AMENDED ANNUAL REPORT 2021-10-12
AMENDED ANNUAL REPORT 2021-08-13

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
7255037105 2020-04-14 0491 PPP 401 Gordon Street N/A, SANFORD, FL, 32771
Loan Status Date 2021-03-06
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 135000
Loan Approval Amount (current) 117000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 117723
Servicing Lender Name SouthState Bank, National Association
Servicing Lender Address 1101 First St South, WINTER HAVEN, FL, 33880-3908
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address SANFORD, SEMINOLE, FL, 32771-0001
Project Congressional District FL-07
Number of Employees 11
NAICS code 423810
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 117723
Originating Lender Name SouthState Bank, National Association
Originating Lender Address WINTER HAVEN, FL
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 117696.83
Forgiveness Paid Date 2021-02-16

Date of last update: 02 Apr 2025

Sources: Florida Department of State