Working capital financing in Myrtle Beach, SC pays for the costs that keep a shop or a kitchen running between deposits: payroll, rent, supplier bills, stock and the odd repair. One invented pizza kitchen is followed through a four-week cash calendar here; its gap is sized, priced as a working capital loan and as a line of credit draw, and then set out as weekly payments beside monthly ones.
An invented pizza kitchen ends week 1 $5,320 short when rent, payroll, a distributor bill and an $8,960 oven repair land together. In this invented case, keeping $5,000 on hand takes $10,320, so it asks for $10,500, priced here over 9 months as a loan, over 3 months as a line draw, and in 39 weekly payments.
Working Capital Financing for the Week Bills Land Before the Deposits Do
Card deposits arrive every day, but bills arrive in lumps. A cash calendar puts both on one grid by week, so the week that runs short shows up before it comes. Payroll is one of those lumps for any shop or kitchen with staff: retail employers in Horry County, SC paid $938.7 million in annual payroll in 2023 and accommodation and food services employers $797.7 million (CBP), totals for every establishment in each sector rather than a figure for one business.
Illustration only, invented figures: a Myrtle Beach, SC pizza kitchen starts the month with $6,200. In this invented case, rent of $4,250 and a biweekly payroll of $7,180 both fall in week 1, the flour, cheese and produce distributor bills $2,930 every week, and an oven repair invoice of $8,960 arrives in week 1 as well.
| Week | Opening balance | Deposits | Bills paid | Closing balance |
|---|---|---|---|---|
| Week 1 | $6,200 | $11,800 | $23,320 | $5,320 short |
| Week 2 | $5,320 short | $12,300 | $2,930 | $4,050 |
| Week 3 | $4,050 | $11,400 | $10,110 | $5,340 |
| Week 4 | $5,340 | $12,050 | $2,930 | $14,460 |
In this invented calendar week 1 closes $5,320 short and the later weeks recover. Keeping at least $5,000 in the account through week 1 takes $10,320 (our arithmetic), so the kitchen asks for $10,500. Working capital loans are the product built for a gap like this one, and the business loans hub lists every product on this site.
Working Capital Loan or Credit Line for an Invented $10,500 Gap: The Interest Both Ways
A working capital loan pays the full amount once and takes it back in fixed payments. A line of credit lets the owner draw what the week needs and pay it down as deposits recover.
| Option | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| Working capital loan, 9 months | $1,232.77 | $11,094.93 | $594.93 |
| Line draw, 3 months | $3,588.74 | $10,766.22 | $266.22 |
In this invented case the line costs $266.22 in interest against $594.93 for the loan, despite the higher rate, because the balance is gone in three months instead of nine. The price of that, in the same invented case, is the payment: $3,588.74 a month on the line against $1,232.77 on the loan, and the larger payment comes out of the same deposits that ran short in week 1.
A shop paying for a stock order faces the same trade: a line of credit costs less only while the stock sells and the paydowns keep pace.
Weekly Versus Monthly Payments on the Same Working Capital Loan
Some working capital loans collect weekly instead of monthly, which spreads the same amount over smaller, more frequent payments.
Illustration only, invented figures: the same $10,500 at a 13.4% annual rate is collected in 39 weekly payments of $283.33 instead of 9 monthly payments of $1,232.77. The weekly payments total $11,049.87, so this invented schedule carries $549.87 of interest, $45.06 less than the monthly one, because the balance falls a little every week.
The trade is timing. A weekly debit lands four or five times a month, so it has to fit the weeks with the smallest deposits, not the average week. A card-sales advance takes a share of each day’s card sales instead; the merchant cash advance page explains how that holdback works.
Bank Statements a Lending Partner May Review for a Working Capital Request
A lending partner may review recent business bank statements to see how deposits and bills move through the account. Before sending a request, read your own statements the way a reviewer might:
- The average daily balance, and the smallest balance in each month
- Deposit totals by month, with a one-line note on any month well below the others
- Returned items or overdraft fees, and what caused each one
- Transfers between the owner’s accounts, which are not sales
- Payments on existing loans, leases or advances, and who receives them
Each partner sets its own list, and some may also ask for a profit and loss statement or tax returns. When the calendar shows a short week, call (843) 256-2591 or fill in the request form; the articles page carries the other cases.
By Cedarbend Capital · Updated
