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SOUTH PALM ELECTRIC, INC. - Florida Company Profile

Company Details

Entity Name: SOUTH PALM ELECTRIC, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

SOUTH PALM ELECTRIC, 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: 16 Jan 1992 (33 years ago)
Last Event: REINSTATEMENT
Event Date Filed: 24 Oct 1994 (30 years ago)
Document Number: V07246
FEI/EIN Number 650307501

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

Address: 621 NW 53 ST, STE 125, BOCA RATON, FL, 33487, US
Mail Address: 8130 GLADES ROAD, #385, BOCA RATON, FL, 33434, US
ZIP code: 33487
County: Palm Beach
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
SCLAFANI STEPHAN T President 2859 SW 11 PLACE, DEERFIELD BEACH, FL, 33442
BAYER DAVID Vice President 5610 RANCHES ROAD, LAKE WORTH, FL, 33463
BAYER DAVID Secretary 5610 RANCHES ROAD, LAKE WORTH, FL, 33463
SCLAFANI STEPHEN Agent 2859 SW 11 PLACE, DEERFIELD BEACH, FL, 33442

Events

Event Type Filed Date Value Description
CHANGE OF PRINCIPAL ADDRESS 2021-10-06 621 NW 53 ST, STE 125, BOCA RATON, FL 33487 -
REGISTERED AGENT NAME CHANGED 2017-04-27 SCLAFANI, STEPHEN -
REGISTERED AGENT ADDRESS CHANGED 2017-04-27 2859 SW 11 PLACE, DEERFIELD BEACH, FL 33442 -
CHANGE OF MAILING ADDRESS 2009-04-16 621 NW 53 ST, STE 125, BOCA RATON, FL 33487 -
REINSTATEMENT 1994-10-24 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 1994-08-26 - -

Documents

Name Date
ANNUAL REPORT 2024-03-13
ANNUAL REPORT 2023-03-13
ANNUAL REPORT 2022-04-29
ANNUAL REPORT 2021-04-29
ANNUAL REPORT 2020-05-29
ANNUAL REPORT 2019-04-29
ANNUAL REPORT 2018-04-29
ANNUAL REPORT 2017-04-27
ANNUAL REPORT 2016-04-29
ANNUAL REPORT 2015-04-28

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5147957702 2020-05-01 0455 PPP 2859 WATERFORD DR N, DEERFIELD BEACH, FL, 33442-5960
Loan Status Date 2021-04-16
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 10845
Loan Approval Amount (current) 10845
Undisbursed Amount 0
Franchise Name -
Lender Location ID 9551
Servicing Lender Name Bank of America, National Association
Servicing Lender Address 100 N Tryon St, Ste 170, CHARLOTTE, NC, 28202-4024
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description New Business or 2 years or less
Project Address DEERFIELD BEACH, BROWARD, FL, 33442-5960
Project Congressional District FL-23
Number of Employees 3
NAICS code 238210
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 10938
Forgiveness Paid Date 2021-03-11

Date of last update: 02 Apr 2025

Sources: Florida Department of State