Cedarbend Capital: How a Myrtle Beach, SC Funding Request Travels to Partner Review

On this site, business funding runs in three moves. The owner names the cost and the amount; the cost is matched to a working capital loan, a term loan, a line of credit, inventory or equipment financing, or a merchant cash advance; and a funding partner reviews the request and sets any terms. The owner then weighs any offer and decides. Each stage gets its own explanation on the how it works page.

Illustration only, invented figures: a Myrtle Beach, SC shop selling clothing and gifts pays its staff every two weeks, $7,940 a run. It has just paid for a wholesale order that should take about 44 days to sell through, and that window holds 3 or 4 paydays depending on where the first one falls, so the payroll gap runs $23,820 to $31,760. Requested as a 12-month working capital loan of $31,760 at 12.65%, each monthly installment is $2,831.50; the 12 installments total $33,978.00, of which $2,218.00 is interest (our arithmetic).

The real figures behind that trade are county totals. Clothing and clothing accessories stores across Horry County, SC reported $104.4 million of annual payroll in 2023 (County Business Patterns, NAICS 448), summed over every such establishment rather than describing one shop, and 131 of those establishments had fewer than 5 employees.

A line of credit could carry the same gap if the shop plans to pay it back as the goods sell; the line of credit page works through a draw and the interest on it.

A hotel owner with linen, breakfast-food and cleaning-supply invoices due has two routes worth setting side by side:

• A supplier that offers longer payment terms on the invoice itself
• A request through Cedarbend Capital, which goes to funding partners; for invoices like these the matching products are a working capital loan or a line of credit

Supplier invoices are short-lived costs, so the term of the funding can match how long the cash stays out. The working capital page prices a supplier-payment loan from start to finish.

A repair bill is an operating cost: the invoice for fixing a walk-in cooler’s compressor, a guest-room television or a front-desk computer. It can be paid with a working capital loan or a draw on a line of credit; replacing the machine outright is an equipment financing question instead. Fixing the building itself, as opposed to the machines in it, is property work this site leaves aside.

• Line of credit draw: pay the invoice, then pay the draw down as cash comes in; interest runs only on the amount drawn
• Working capital loan: a fixed amount on a fixed schedule, for a bill that will take several months to absorb
• Equipment financing: for a replacement machine rather than a repair, where the machine can serve as collateral
• Merchant cash advance: an amount collected from future card sales, priced by a factor instead of an annual rate; it is not a loan

Through Cedarbend Capital, the answer to where is a funding partner: the request goes to partners, and the partner that reviews it sets any amount, rate and term.

Here, the place to apply is the request form on the apply page, or a call to (843) 256-2591 first. A hotel’s trade-show costs, such as booth space, travel and printed sales kits for a group-sales show, are a one-time cost with a known amount and due date, which fits a short working capital loan with a fixed schedule.

Before applying, gather the booth contract, the travel quotes and recent bank statements; a funding partner may ask for those during its review. The form stays short: contact details, the company name, time in business, annual revenue and the amount, with the booth contract saved for the partner’s review.

Cedarbend Capital works from 643 Broadway St in Myrtle Beach, SC 29577, and the phone line, (843) 256-2591, is the place to begin. The contact page lists the same details, and the Myrtle Beach, SC page carries ZIP 29577 trade counts and a salon supplier order worked through.