PPP Loan information for Budget inns inc.

$331,200

Budget inns inc. was initially approved for PPP Loan of amount $331,200, the current approved amount is $331,200. The loan was approved on 04/09/2020 by The BankPlus reported 88 jobs and $331,200 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

04/09/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

BUDGET INNS INC.

Borrower Address

109 HIGHWAY 11 AND 80

Borrower City

MERIDIAN

Borrower State

MS

Borrower Zip

39301-4592

Loan Status Date

05/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

331200.00

Current Approval Amount

331200.00

Undisbursed Amount

0.00

Franchise Name

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MERIDIAN

Project County Name

LAUDERDALE

Project State

MS

Project Zip

39301-4592

CD

MS-03

Jobs Reported

88

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

37430.00

Payroll Proceed

265010.00

Mortgage Interest Proceed

14502.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

14258.00

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

334640.80

Forgiveness Date

04/27/2021

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