# PPP loan: BUDGET INNS INC.
> **$331K** approved 04/09/2020 · Paid in Full · Loan `9742947005`
## Borrower
- **Name:** BUDGET INNS INC.
- **Address:** 109 HIGHWAY 11 AND 80, MERIDIAN, MS, 39301-4592
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $335K (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $265K
- **Mortgage interest:** $15K
- **Utilities:** $37K
- **Health care:** $14K
- **Jobs reported:** 88
## Lender
- **Originating:** BankPlus
- **Servicing:** BankPlus (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*