PPP Loan information for Budget inns inc

$463,768

Budget inns inc was initially approved for PPP Loan of amount $463,768, the current approved amount is $463,768. The loan was approved on 02/02/2021 by The BankPlus reported 73 jobs and $463,768 was used to fund payroll.

Budget inns inc is Existing or more than 2 years old

PPP Loan Search / MS / Meridian / Budget inns inc

BUDGET INNS INC

Date Approved

02/02/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

BUDGET INNS INC

Borrower Address

512 22nd Ave Ste 511

Borrower City

Meridian

Borrower State

MS

Borrower Zip

39301-5800

Loan Status Date

04/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

463767.50

Current Approval Amount

463767.50

Undisbursed Amount

0.00

Franchise Name

Hampton Inn

Servicing Lender Location Id

39099

Servicing Lender Name

BankPlus

Servicing Lender Address

202 E Jackson St

Servicing Lender City

BELZONI

Servicing Lender State

MS

Servicing Lender Zip

39038-3524

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Meridian

Project County Name

LAUDERDALE

Project State

MS

Project Zip

39301-5800

CD

MS-03

Jobs Reported

73

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

463763.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

39099

Originating Lender

BankPlus

Originating Lender City

BELZONI

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

468791.65

Forgiveness Date

03/03/2022

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