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PROPEL BUILDERS, INC. - Florida Company Profile

Company Details

Entity Name: PROPEL BUILDERS, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

PROPEL BUILDERS, 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: 28 Nov 2016 (8 years ago)
Date of dissolution: 17 May 2021 (4 years ago)
Last Event: VOLUNTARY DISSOLUTION
Event Date Filed: 17 May 2021 (4 years ago)
Document Number: P16000094320
FEI/EIN Number 81-4559209

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

Address: 111 MAITLAND AVENUE SOUTH, #200, MAITLAND, FL, 32751, US
Mail Address: 111 MAITLAND AVENUE SOUTH, #200, MAITLAND, FL, 32751, US
ZIP code: 32751
County: Orange
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
CAIRNEY PAUL Director 111 MAITLAND AVENUE SOUTH, #200, MAITLAND, FL, 32751
BITMAN RONNIE ESQ Agent 255 Primera Blvd, Lake Mary, FL, 32746

Events

Event Type Filed Date Value Description
VOLUNTARY DISSOLUTION 2021-05-17 - -
CHANGE OF PRINCIPAL ADDRESS 2021-04-08 111 MAITLAND AVENUE SOUTH, #200, MAITLAND, FL 32751 -
CHANGE OF MAILING ADDRESS 2021-04-08 111 MAITLAND AVENUE SOUTH, #200, MAITLAND, FL 32751 -
AMENDMENT 2021-01-04 - -
AMENDMENT 2020-09-15 - -
REGISTERED AGENT ADDRESS CHANGED 2019-04-29 255 Primera Blvd, Suite 128, Lake Mary, FL 32746 -

Documents

Name Date
VOLUNTARY DISSOLUTION 2021-05-17
Amendment 2021-01-04
Amendment 2020-09-15
ANNUAL REPORT 2020-05-29
ANNUAL REPORT 2019-04-29
ANNUAL REPORT 2018-04-15
ANNUAL REPORT 2017-05-15
Domestic Profit 2016-11-28

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
2757367205 2020-04-16 0491 PPP 1057 maitland center commons blvd, MAITLAND, FL, 32751-7205
Loan Status Date 2020-12-04
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 95000
Loan Approval Amount (current) 95000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 39232
Servicing Lender Name Hancock Whitney Bank
Servicing Lender Address 2510 14th St One Hancock Plz, GULFPORT, MS, 39501
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address MAITLAND, ORANGE, FL, 32751-7205
Project Congressional District FL-10
Number of Employees 10
NAICS code 236115
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Subchapter S Corporation
Originating Lender ID 39232
Originating Lender Name Hancock Whitney Bank
Originating Lender Address GULFPORT, MS
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 95511.94
Forgiveness Paid Date 2020-11-05

Date of last update: 01 Apr 2025

Sources: Florida Department of State