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  5. BUDGET INNS, INC.

BUDGET INNS, INC.

Company Details

Name: BUDGET INNS, INC.
Jurisdiction: MISSISSIPPI
Business Type: Profit Corporation
Status: Good Standing
Effective Date: 26 Nov 1974 (50 years ago)
Business ID: 105805
ZIP code: 39302
County: Lauderdale
State of Incorporation: MISSISSIPPI
Principal Office Address: 111 Hwy 11 & 80, P O Box 5248Meridian, MS 39302

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
BUDGET INNS, INC. PROFIT SHARING PLAN 2017 640576819 2018-12-17 BUDGET INNS, INC. 65
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1991-01-01
Business code 541600
Sponsor’s telephone number 6014822380
Plan sponsor’s address P. O. BOX 5248, MERIDIAN, MS, 39302

Signature of
Role Plan administrator
Date 2018-08-03
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2018-08-03
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
BUDGET INNS, INC. PROFIT SHARING PLAN 2015 640576819 2016-06-23 BUDGET INNS, INC. 62
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1991-01-01
Business code 541600
Sponsor’s telephone number 6014822380
Plan sponsor’s address PO BOX 5248, MERIDIAN, MS, 393025248

Signature of
Role Plan administrator
Date 2016-06-23
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2016-06-23
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
BUDGET INNS, INC. PROFIT SHARING PLAN 2014 640576819 2015-07-09 BUDGET INNS, INC. 63
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1991-01-01
Business code 541600
Sponsor’s telephone number 6014822380
Plan sponsor’s address P. O. BOX 5248, MERIDIAN, MS, 39302

Signature of
Role Plan administrator
Date 2015-07-08
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2015-07-08
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
BUDGET INNS, INC. PROFIT SHARING PLAN 2013 640576819 2014-07-18 BUDGET INNS, INC. 67
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1991-01-01
Business code 541600
Sponsor’s telephone number 6014822380
Plan sponsor’s address P. O. BOX 5248, MERIDIAN, MS, 39302

Plan administrator’s name and address
Administrator’s EIN 640576819
Plan administrator’s name BUDGET INN, INC.
Plan administrator’s address P. O. BOX 5248, MERIDIAN, MS, 39302
Administrator’s telephone number 6014822380

Signature of
Role Plan administrator
Date 2014-07-18
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2014-07-18
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
BUDGET INNS, INC. PROFIT SHARING PLAN 2012 640576819 2013-07-30 BUDGET INNS, INC. 73
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1991-01-01
Business code 541600
Sponsor’s telephone number 6014822380
Plan sponsor’s address P. O. BOX 5248, MERIDIAN, MS, 39302

Plan administrator’s name and address
Administrator’s EIN 640576819
Plan administrator’s name BUDGET INNS, INC.
Plan administrator’s address P. O. BOX 5248, MERIDIAN, MS, 39302
Administrator’s telephone number 6014822380

Signature of
Role Plan administrator
Date 2013-07-29
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2013-07-29
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
BUDGET INNS, INC. PROFIT SHARING PLAN 2011 640576819 2012-07-18 BUDGET INNS, INC. 72
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1991-01-01
Business code 541600
Sponsor’s telephone number 6014822380
Plan sponsor’s mailing address P. O. BOX 5248, MERIDIAN, MS, 39302
Plan sponsor’s address 512 22ND AVENUE, MERIDIAN, MS, 39301

Plan administrator’s name and address
Administrator’s EIN 640576819
Plan administrator’s name BUDGET INNS, INC.
Plan administrator’s address P. O. BOX 5248, MERIDIAN, MS, 39302
Administrator’s telephone number 6014822380

Number of participants as of the end of the plan year
Active participants 73
Number of participants with account balances as of the end of the plan year 73
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 13

Signature of
Role Plan administrator
Date 2012-07-18
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
BUDGET INNS, INC. PROFIT SHARING PLAN 2010 640576819 2011-07-27 BUDGET INNS, INC. 63
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1991-01-01
Business code 541600
Sponsor’s telephone number 6014822380
Plan sponsor’s mailing address P. O. BOX 5248, MERIDIAN, MS, 39302
Plan sponsor’s address 512 22ND AVENUE, MERIDIAN, MS, 39301

Plan administrator’s name and address
Administrator’s EIN 640576819
Plan administrator’s name BUDGET INNS, INC.
Plan administrator’s address P. O. BOX 5248, MERIDIAN, MS, 39302
Administrator’s telephone number 6014822380

Number of participants as of the end of the plan year
Active participants 72
Number of participants with account balances as of the end of the plan year 72

Signature of
Role Plan administrator
Date 2011-07-25
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2011-07-25
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
BUDGET INNS, INC. PROFIT SHARING PLAN & TRUST 2009 640576819 2010-10-08 BUDGET INNS, INC. 50
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1991-01-01
Business code 541600
Sponsor’s telephone number 6014822380
Plan sponsor’s mailing address P. O. BOX 5248, MERIDIAN, MS, 39302
Plan sponsor’s address P. O. BOX 5248, MERIDIAN, MS, 39302

Plan administrator’s name and address
Administrator’s EIN 640576819
Plan administrator’s name BUDGET INNS, INC.
Plan administrator’s address P. O. BOX 5248, MERIDIAN, MS, 39302
Administrator’s telephone number 6014822380

Number of participants as of the end of the plan year
Active participants 63
Number of participants with account balances as of the end of the plan year 63
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 1

Signature of
Role Plan administrator
Date 2010-10-07
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2010-10-07
Name of individual signing MICHAEL CROSBY
Valid signature Filed with authorized/valid electronic signature

Director

Name Role Address
James G Wilbourn Director 16281 Perdido Key Dr 802 East, Pensacola, FL 32507
James W Vise Director 2435 Sand Ridge Drive, Jackson, MS 39211
Richard E Wilbourn III Director 206 Jefferson Ridge, Ridgeland, MS 39157

President

Name Role Address
James G Wilbourn President 16281 Perdido Key Dr 802 East, Pensacola, FL 32507

Vice President

Name Role Address
James W Vise Vice President 2435 Sand Ridge Drive, Jackson, MS 39211

Secretary

Name Role Address
Richard E Wilbourn III Secretary 206 Jefferson Ridge, Ridgeland, MS 39157

Agent

Name Role Address
Rogers, Don O Agent 512 22Nd Avenue Suite 520;P O Box 1389, Meridian, MS 39302-1389

Treasurer

Name Role Address
Richard E Wilbourn III Treasurer 206 Jefferson Ridge, Ridgeland, MS 39157

Filings

Type Status Filed Date Description
Annual Report Filed 2025-02-10 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2024-03-11 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2023-01-27 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2022-03-09 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2021-03-17 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2020-05-12 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2019-04-29 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2018-07-31 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2017-04-13 Annual Report For BUDGET INNS, INC.
Annual Report Filed 2016-05-06 Annual Report For BUDGET INNS, INC.

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
1891738408 2021-02-02 0470 PPS 512 22nd Ave Ste 511, Meridian, MS, 39301-5800
Loan Status Date 2022-04-14
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 463767.5
Loan Approval Amount (current) 463767.5
Undisbursed Amount 0
Franchise Name Hampton Inn
Lender Location ID 39099
Servicing Lender Name BankPlus
Servicing Lender Address 202 E Jackson St, BELZONI, MS, 39038-3524
Rural or Urban Indicator R
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Meridian, LAUDERDALE, MS, 39301-5800
Project Congressional District MS-03
Number of Employees 73
NAICS code 721110
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 39099
Originating Lender Name BankPlus
Originating Lender Address BELZONI, MS
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 468791.65
Forgiveness Paid Date 2022-03-03
9742947005 2020-04-09 0470 PPP 109 HIGHWAY 11 AND 80, MERIDIAN, MS, 39301-4592
Loan Status Date 2021-05-15
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 331200
Loan Approval Amount (current) 331200
Undisbursed Amount 0
Franchise Name -
Lender Location ID 39099
Servicing Lender Name BankPlus
Servicing Lender Address 202 E Jackson St, BELZONI, MS, 39038-3524
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address MERIDIAN, LAUDERDALE, MS, 39301-4592
Project Congressional District MS-03
Number of Employees 88
NAICS code 721110
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 39099
Originating Lender Name BankPlus
Originating Lender Address BELZONI, MS
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 334640.8
Forgiveness Paid Date 2021-04-27

Related by officers

James G Wilbourn

LOVELAND, INC. NORTHEAST INN OF MERIDIAN, INC. INN OF VICKSBURG, INC. INN SERVE CORP. JG3 FARMS, INC. LE FARMS, INC. JL FARMS, INC. JR3 FARMS, INC. LW FARMS, INC. RM FARMS, INC.

James W Vise

NORTHEAST INN OF MERIDIAN, INC. INN OF VICKSBURG, INC. INN SERVE CORP. BUDGET INN OF VICKSBURG, INC.

Richard E Wilbourn III

Richard Wilbourn & Associates, PLLC Wilbourn Providence LLC

Rogers, Don O

NORTHEAST INN OF MERIDIAN, INC. FIRST PRESBYTERIAN CHURCH OF MERIDIAN BAUMGARDNER/LAUDERDALE SPRINGS PRESERVATION, INC. INN SERVE CORP. BUDGET INN OF VICKSBURG, INC. GLENDALE PROPERTIES, L.L.C. The Nehemiah Management Group, LLC Hundred Acre Woods Properties, LLC

Related by address

No related companies by address

Date of last update: 11 Apr 2025

Sources: Mississippi Secretary of State

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