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DYNOMAG CORPORATION - Florida Company Profile

Company Details

Entity Name: DYNOMAG CORPORATION
Jurisdiction: FLORIDA
Filing Type: Florida Profit Corporation

DYNOMAG CORPORATION is structured as a Profit Corporation, also known as a C-Corporation, a business structure recognized as a separate legal entity from its owners. This structure offers the benefit of potential tax advantages and ease of raising capital through the issuance of stock.
In Florida, 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 Jan 2021 (4 years ago)
Document Number: P21000012829
FEI/EIN Number 47-3112631

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

Address: 16789 MAYFAIR EAST, LOXAHATCHEE, FL 33470
Mail Address: 1173 STONEHAVEN CIR, AURORA, IL 60504
ZIP code: 33470
County: Palm Beach
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
RAGHU, MYTHREYE Agent 16789 MAYFAIR EAST, LOXAHATCHEE, FL 33470
BALASUBRAMANIAN, RAGHU President 1173 STONEHAVEN CIR, AURORA, IL 60504
BALASUBRAMANIAN, RAGHU Chief Executive Officer 1173 STONEHAVEN CIR, AURORA, IL 60504
Raghu, Mythreye Chief Operating Officer 1173 STONEHAVEN CIR, AURORA, IL 60504

Documents

Name Date
ANNUAL REPORT 2025-01-31
ANNUAL REPORT 2024-02-11
ANNUAL REPORT 2023-01-25
ANNUAL REPORT 2022-02-09
Domestic Profit 2021-01-21

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
3843478908 2021-04-28 0455 PPP 16789 E Mayfair Dr, Loxahatchee, FL, 33470-4049
Loan Status Date 2021-08-11
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 62495
Loan Approval Amount (current) 62495
Undisbursed Amount 0
Franchise Name -
Lender Location ID 25901
Servicing Lender Name Small Business Bank
Servicing Lender Address 13423 W 92nd St, LENEXA, KS, 66215-3636
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Loxahatchee, PALM BEACH, FL, 33470-4049
Project Congressional District FL-20
Number of Employees 3
NAICS code 541511
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Subchapter S Corporation
Originating Lender ID 25901
Originating Lender Name Small Business Bank
Originating Lender Address LENEXA, KS
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 62619.99
Forgiveness Paid Date 2021-07-26

Date of last update: 14 Feb 2025

Sources: Florida Department of State