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BINARY OCTANE OF FLORIDA, INC. - Florida Company Profile

Company Details

Entity Name: BINARY OCTANE OF FLORIDA, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

BINARY OCTANE OF FLORIDA, 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: 18 Nov 2019 (5 years ago)
Document Number: P19000089007
FEI/EIN Number 84-3703977

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

Address: 420 BEACH PARK LANE, CAPE CANAVERAL, FL, 32920
Mail Address: 595 MUIRFIELD LOOP, REUNION, FL, 34747
ZIP code: 32920
County: Brevard
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
BABAIAN MATTHEW President 595 MUIRFIELD LOOP, REUNION, FL, 34747
BABAIAN MATTHEW Agent 595 MUIRFIELD LOOP, REUNION, FL, 34747

Documents

Name Date
ANNUAL REPORT 2024-04-28
ANNUAL REPORT 2023-04-23
ANNUAL REPORT 2022-03-14
ANNUAL REPORT 2021-04-08
Domestic Profit 2019-11-18

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5592757100 2020-04-13 0455 PPP 420 Beach Park Lane, CAPE CANAVERAL, FL, 32920-5018
Loan Status Date 2021-05-14
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 130816
Loan Approval Amount (current) 130816
Undisbursed Amount 0
Franchise Name -
Lender Location ID 45120
Servicing Lender Name Valley National Bank
Servicing Lender Address 615 Main Ave, PASSAIC, NJ, 07055-5066
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address CAPE CANAVERAL, BREVARD, FL, 32920-5018
Project Congressional District FL-08
Number of Employees 6
NAICS code 561311
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 45120
Originating Lender Name Valley National Bank
Originating Lender Address PASSAIC, NJ
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 132120.53
Forgiveness Paid Date 2021-04-15
5970958302 2021-01-26 0455 PPS 420 Beach Park Ln, Cape Canaveral, FL, 32920-5018
Loan Status Date 2021-10-15
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 130817
Loan Approval Amount (current) 130817
Undisbursed Amount 0
Franchise Name -
Lender Location ID 45120
Servicing Lender Name Valley National Bank
Servicing Lender Address 615 Main Ave, PASSAIC, NJ, 07055-5066
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Cape Canaveral, BREVARD, FL, 32920-5018
Project Congressional District FL-08
Number of Employees 6
NAICS code 561311
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 45120
Originating Lender Name Valley National Bank
Originating Lender Address PASSAIC, NJ
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 131634.61
Forgiveness Paid Date 2021-09-15

Date of last update: 02 Apr 2025

Sources: Florida Department of State