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PROPET DISTRIBUTORS, INC. - Florida Company Profile

Company Details

Entity Name: PROPET DISTRIBUTORS, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

PROPET DISTRIBUTORS, 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: 18 Mar 2021 (4 years ago)
Document Number: P21000027416
Address: FILED IN ERROR, X, US
Mail Address: FILED IN ERROR, X, US
Place of Formation: FLORIDA

Key Officers & Management

Name Role
X LLC Agent

Events

Event Type Filed Date Value Description
AMENDED AND RESTATEDARTICLES 2021-03-31 - -

Documents

Name Date
Domestic Profit 2021-03-18

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
1512937207 2020-04-15 0491 PPP 5340 Young Pine Road, Suite 8, ORLANDO, FL, 32829
Loan Status Date 2021-06-16
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 93535
Loan Approval Amount (current) 93535
Undisbursed Amount 0
Franchise Name -
Lender Location ID 121536
Servicing Lender Name Customers Bank
Servicing Lender Address 40 General Warren Blvd, Malvern, PA, 19355
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address ORLANDO, ORANGE, FL, 32829-7200
Project Congressional District FL-10
Number of Employees 16
NAICS code 454110
Borrower Race White
Borrower Ethnicity Unknown/NotStated
Business Type Subchapter S Corporation
Originating Lender ID 121536
Originating Lender Name Customers Bank
Originating Lender Address Malvern, PA
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 94495.98
Forgiveness Paid Date 2021-05-05

Date of last update: 02 Apr 2025

Sources: Florida Department of State