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SOUTH ATLANTIC ELECTRIC, INC. - Florida Company Profile

Company Details

Entity Name: SOUTH ATLANTIC ELECTRIC, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

SOUTH ATLANTIC ELECTRIC, 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: 21 Nov 2003 (21 years ago)
Last Event: AMENDMENT
Event Date Filed: 11 Jul 2013 (12 years ago)
Document Number: P03000137308
FEI/EIN Number 900125060

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

Address: 1253 Old Okeechobee Rd, Ste B4, West Palm Beach, FL, 33401, US
Mail Address: 1253 Old Okeechobee Rd, Ste B4, West Palm Beach, FL, 33401, US
ZIP code: 33401
County: Palm Beach
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
KUTSCHER FRED K Secretary 5328 TORONTO ROAD, HAVERHILL, FL, 33415
ROBINSON DAVID T Vice President 950 WOODLAND AVENUE, WEST PALM BEACH, FL, 33415
KUTSCHER JANETTE M President 5328 TORONTO ROAD, HAVERHILL, FL, 33415
Kutscher Janette M Agent 1253 Old Okeechobee Rd, West Palm Beach, FL, 33401

Events

Event Type Filed Date Value Description
CHANGE OF MAILING ADDRESS 2023-02-28 1253 Old Okeechobee Rd, Ste B4, West Palm Beach, FL 33401 -
REGISTERED AGENT ADDRESS CHANGED 2023-02-28 1253 Old Okeechobee Rd, Ste B4, West Palm Beach, FL 33401 -
CHANGE OF PRINCIPAL ADDRESS 2022-10-05 1253 Old Okeechobee Rd, Ste B4, West Palm Beach, FL 33401 -
REGISTERED AGENT NAME CHANGED 2020-06-05 Kutscher, Janette Marie -
AMENDMENT 2013-07-11 - -
CANCEL ADM DISS/REV 2004-10-27 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2004-10-01 - -

Documents

Name Date
ANNUAL REPORT 2025-01-21
ANNUAL REPORT 2024-03-04
ANNUAL REPORT 2023-02-28
AMENDED ANNUAL REPORT 2022-10-05
ANNUAL REPORT 2022-01-31
ANNUAL REPORT 2021-02-25
AMENDED ANNUAL REPORT 2020-06-05
ANNUAL REPORT 2020-03-24
ANNUAL REPORT 2019-04-02
ANNUAL REPORT 2018-01-16

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
9533577005 2020-04-09 0455 PPP 5328 TORONTO RD, HAVERHILL, FL, 33415-1259
Loan Status Date 2021-06-17
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 129100
Loan Approval Amount (current) 119600
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 HAVERHILL, PALM BEACH, FL, 33415-1259
Project Congressional District FL-20
Number of Employees 15
NAICS code 221111
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Subchapter S Corporation
Originating Lender ID 225134
Originating Lender Name Truist Bank
Originating Lender Address CHARLOTTE, NC
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 120905.63
Forgiveness Paid Date 2021-05-20

Date of last update: 03 Apr 2025

Sources: Florida Department of State