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THE NETWORK GROUP, INC. - Florida Company Profile

Company Details

Entity Name: THE NETWORK GROUP, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

THE NETWORK GROUP, 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: 23 Jun 1993 (32 years ago)
Date of dissolution: 26 Aug 1994 (31 years ago)
Last Event: ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed: 26 Aug 1994 (31 years ago)
Document Number: P93000044219
Address: 240 W PALMETTO PARK RD, SUITE 300, BOCA RATON, FL, 33432
Mail Address: 240 W PALMETTO PARK RD, SUITE 300, BOCA RATON, FL, 33432
ZIP code: 33432
County: Palm Beach
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
TALBOTT D. REEL Agent 240 W PALMETTO PARK RD, BOCA RATON, FL, 33432

Events

Event Type Filed Date Value Description
ADMIN DISSOLUTION FOR ANNUAL REPORT 1994-08-26 - -

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
3275397107 2020-04-11 0455 PPP 937 Dixon Boulevard, Cocoa, FL, 32922-6806
Loan Status Date 2022-02-23
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 169726
Loan Approval Amount (current) 169726
Undisbursed Amount 0
Franchise Name -
Lender Location ID 122749
Servicing Lender Name Key Community Bank
Servicing Lender Address 5684 Bishop Ave, INVER GROVE HEIGHTS, MN, 55076-1403
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Cocoa, BREVARD, FL, 32922-6806
Project Congressional District FL-08
Number of Employees 19
NAICS code 515210
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 122749
Originating Lender Name Key Community Bank
Originating Lender Address INVER GROVE HEIGHTS, MN
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 171869.66
Forgiveness Paid Date 2021-07-27

Date of last update: 03 Apr 2025

Sources: Florida Department of State