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PRECISION PAYMENTS, INC. - Florida Company Profile

Company Details

Entity Name: PRECISION PAYMENTS, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

PRECISION PAYMENTS, 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: Inactive

The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders.

Date Filed: 17 Aug 2010 (15 years ago)
Date of dissolution: 02 Oct 2024 (7 months ago)
Last Event: CONVERSION
Event Date Filed: 02 Oct 2024 (7 months ago)
Document Number: P10000067511
FEI/EIN Number 273281873

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

Address: 6441 ROOKERY CIRCLE, BRADENTON, FL, 34203
Mail Address: 6441 ROOKERY CIRCLE, BRADENTON, FL, 34203
ZIP code: 34203
County: Manatee
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
KING JOEL W Chief Executive Officer 6441 ROOKERY CIRCLE, BRADENTON, FL, 34203
KING JOEL W Agent 6441 ROOKERY CIRCLE, BRADENTON, FL, 34203

Events

Event Type Filed Date Value Description
CONVERSION 2024-10-02 - CONVERSION MEMBER. NON-QUALIFIED CORPORATION WAS PRECISION PAYMENTS, LLC. CONVERSION NUMBER 500000258875

Documents

Name Date
Conversion 2024-10-02
ANNUAL REPORT 2024-01-23
ANNUAL REPORT 2023-01-30
ANNUAL REPORT 2022-01-31
ANNUAL REPORT 2021-02-04
ANNUAL REPORT 2020-01-20
ANNUAL REPORT 2019-02-12
ANNUAL REPORT 2018-01-10
ANNUAL REPORT 2017-02-11
ANNUAL REPORT 2016-01-24

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
7915397104 2020-04-14 0455 PPP 6441 ROOKERY CIR, BRADENTON, FL, 34203-7108
Loan Status Date 2021-02-19
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 97146.67
Loan Approval Amount (current) 97146.67
Undisbursed Amount 0
Franchise Name -
Lender Location ID 19248
Servicing Lender Name Synovus Bank
Servicing Lender Address 1148 Broadway, COLUMBUS, GA, 31901-2429
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address BRADENTON, MANATEE, FL, 34203-7108
Project Congressional District FL-16
Number of Employees 5
NAICS code 424120
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 19248
Originating Lender Name Synovus Bank
Originating Lender Address COLUMBUS, GA
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 97851.98
Forgiveness Paid Date 2021-01-07

Date of last update: 01 Apr 2025

Sources: Florida Department of State