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COASTAL MARINE PROPULSION, INC. - Florida Company Profile

Company Details

Entity Name: COASTAL MARINE PROPULSION, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

COASTAL MARINE PROPULSION, 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: 25 Jul 2008 (17 years ago)
Document Number: P08000070357
FEI/EIN Number 263061172

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

Address: 1502 - 53RD STREET, MANGONIA PARK, FL, 33407, US
Mail Address: 1502 - 53rd Street, Mangonia Park, FL, 33407, US
ZIP code: 33407
County: Palm Beach
Place of Formation: FLORIDA

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
COASTAL MARINE PROPULSION INC. 401K 2012 263061172 2013-08-30 COASTAL MARINE PROPULSION, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2010-01-01
Business code 811310
Sponsor’s telephone number 5618486667
Plan sponsor’s mailing address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407
Plan sponsor’s address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407

Number of participants as of the end of the plan year

Active participants 1
Number of participants with account balances as of the end of the plan year 1

Signature of

Role Plan administrator
Date 2013-08-05
Name of individual signing ALLISON PEREIRA
Valid signature Filed with authorized/valid electronic signature
COASTAL MARINE PROPULSION INC. 401K 2011 263061172 2012-08-13 COASTAL MARINE PROPULSION, INC. 10
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2010-01-01
Business code 811310
Sponsor’s telephone number 5618486678
Plan sponsor’s mailing address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407
Plan sponsor’s address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407

Plan administrator’s name and address

Administrator’s EIN 263061172
Plan administrator’s name COASTAL MARINE PROPULSION, INC.
Plan administrator’s address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407
Administrator’s telephone number 5618486678

Number of participants as of the end of the plan year

Active participants 1
Number of participants with account balances as of the end of the plan year 1

Signature of

Role Plan administrator
Date 2012-06-26
Name of individual signing ALLISON PERIERA
Valid signature Filed with authorized/valid electronic signature
COASTAL MARINE PROPULSION INC. 401K 2010 263061172 2011-08-11 COASTAL MARINE PROPULSION, INC. 1
Three-digit plan number (PN) 001
Effective date of plan 2010-01-01
Business code 811310
Sponsor’s telephone number 5618486678
Plan sponsor’s mailing address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407
Plan sponsor’s address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407

Plan administrator’s name and address

Administrator’s EIN 263061172
Plan administrator’s name COASTAL MARINE PROPULSION, INC.
Plan administrator’s address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407
Administrator’s telephone number 5618486678

Number of participants as of the end of the plan year

Active participants 10
Number of participants with account balances as of the end of the plan year 1

Signature of

Role Plan administrator
Date 2011-08-05
Name of individual signing ALLISON PERIERA
Valid signature Filed with incorrect/unrecognized electronic signature
COASTAL MARINE PROPULSION INC. 401K 2010 263061172 2011-08-12 COASTAL MARINE PROPULSION, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2010-01-01
Business code 811310
Sponsor’s telephone number 5618486678
Plan sponsor’s mailing address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407
Plan sponsor’s address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407

Plan administrator’s name and address

Administrator’s EIN 263061172
Plan administrator’s name COASTAL MARINE PROPULSION, INC.
Plan administrator’s address 1730 HILL AVENUE, WEST PALM BEACH, FL, 33407
Administrator’s telephone number 5618486678

Number of participants as of the end of the plan year

Active participants 10
Number of participants with account balances as of the end of the plan year 1

Signature of

Role Plan administrator
Date 2011-08-05
Name of individual signing ALLISON PERIERA
Valid signature Filed with authorized/valid electronic signature

Key Officers & Management

Name Role Address
PEREIRA ALLISON L President 15667 67TH COURT NORTH, LOXAHATCHEE, FL, 33470
EDGE JAMES D Secretary 15667 67TH COURT NORTH, LOXATCHEE, FL, 33470
PEREIRA ALLISON L Agent 1502 - 53rd Street, Mangonia Park, FL, 33407

Fictitious Names

Registration Number Fictitious Name Status Filed Date Expiration Date Cancellation Date Mailing Address
G08275900216 BOBBY SOLES PROPELLER ACTIVE 2008-10-01 2028-12-31 - 1502 53RD STREET, MANGONIA PARK, FL, 33407

Events

Event Type Filed Date Value Description
CHANGE OF MAILING ADDRESS 2021-04-05 1502 - 53RD STREET, MANGONIA PARK, FL 33407 -
REGISTERED AGENT ADDRESS CHANGED 2021-04-05 1502 - 53rd Street, Mangonia Park, FL 33407 -
CHANGE OF PRINCIPAL ADDRESS 2020-10-09 1502 - 53RD STREET, MANGONIA PARK, FL 33407 -

Documents

Name Date
ANNUAL REPORT 2024-03-21
ANNUAL REPORT 2023-03-13
ANNUAL REPORT 2022-03-16
ANNUAL REPORT 2021-04-05
ANNUAL REPORT 2020-06-29
ANNUAL REPORT 2019-04-10
ANNUAL REPORT 2018-02-07
ANNUAL REPORT 2017-04-25
ANNUAL REPORT 2016-04-28
ANNUAL REPORT 2015-04-02

USAspending Awards. Financial Assistance

FAIN Awarding Agency Assistance Listings Start Date End Date Description
3192065006 Small Business Administration 59.012 - 7(A) LOAN GUARANTEES - - TO AID SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING IN THE PRIVATE CREDIT MARKETPLACE
Recipient COASTAL MARINE PROPULSION INC
Recipient Name Raw COASTAL MARINE PROPULSION INC
Recipient DUNS 032843708
Recipient Address 1730 HILL AVENUE, WEST PALM BEACH, PALM BEACH, FLORIDA, 33407-0000, UNITED STATES
Obligated Amount 0.00
Non-Federal Funding 0.00
Original Subsidy Cost 0.00
Face Value of Direct Loan 825000.00
Link View Page
3192095004 Small Business Administration 59.012 - 7(A) LOAN GUARANTEES - - TO AID SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING IN THE PRIVATE CREDIT MARKETPLACE
Recipient COASTAL MARINE PROPULSION INC
Recipient Name Raw COASTAL MARINE PROPULSION INC
Recipient Address 1730 HILL AVENUE, WEST PALM BEACH, PALM BEACH, FLORIDA, 33407-0000, UNITED STATES
Obligated Amount 0.00
Non-Federal Funding 0.00
Original Subsidy Cost 0.00
Face Value of Direct Loan 50000.00
Link View Page

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5645517702 2020-05-01 0455 PPP 1730 HILL AVE, MANGONIA PARK, FL, 33407-2237
Loan Status Date 2021-01-21
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 78047
Loan Approval Amount (current) 78047
Undisbursed Amount 0
Franchise Name -
Lender Location ID 9551
Servicing Lender Name Bank of America, National Association
Servicing Lender Address 100 N Tryon St, Ste 170, CHARLOTTE, NC, 28202-4024
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description New Business or 2 years or less
Project Address MANGONIA PARK, PALM BEACH, FL, 33407-2237
Project Congressional District FL-20
Number of Employees 7
NAICS code 811310
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Female Owned
Veteran Non-Veteran
Forgiveness Amount 78515.28
Forgiveness Paid Date 2020-12-10

Date of last update: 02 Apr 2025

Sources: Florida Department of State