Conversations start at (843) 256-2591; a written request starts with the form on the apply page. This page lists questions to put to any lender, questions for the owner before borrowing, questions about one specific offer, and figures to gather before a call.
Questions to Ask Lenders in Horry County, SC About Paying Supplier Invoices
Whether the money comes from a bank, an online lender or a partner reached through this site, the same questions set one offer apart from another. Take a Horry County, SC restaurant that pays its seafood and produce suppliers on net-15 terms and wants cash on hand for a large order:
- Does the price come as an annual rate or as a factor, and can that rate move during the term?
- What does the offer cost in total, fees included, if every payment is made on schedule?
- Are payments daily, weekly or monthly, and does that line up with when card deposits land?
- If the restaurant clears the balance ahead of schedule, how much of the remaining cost falls away?
- Does the offer ask the owner to sign personally, or take a lien on business assets?
Written answers let two offers sit side by side, line by line. The working capital page shows how a supplier-payment loan is priced.
A Myrtle Beach, SC Hotel Covering Payroll: Questions to Ask When Getting a Business Loan
Some questions are for the owner, not the lender. For a Myrtle Beach, SC hotel funding a gap between payroll and the deposits that cover it, these come first:
- How many paydays fall inside the gap, and what does each run cost?
- When does the cash that closes the gap arrive, and how firm is that date?
- Can the new payment be met from current deposits without holding back a supplier?
- Would a line of credit, drawn as each payroll comes due, cost less than a lump sum?
Lodging payroll shows up in the county totals: traveler accommodation employers in Horry County, SC reported $190.6 million of it in 2023 (CBP, NAICS 7211). It is the sum for every such employer in the county and says nothing about one hotel’s payroll.
Questions to Ask About a Business Loan Before a Myrtle Beach, SC Gift Shop Pays a Repair Bill
Once an offer is on the table, the questions narrow to that offer. A Myrtle Beach, SC gift shop holding a repair invoice for its point-of-sale terminals and a glass display case might ask:
- What is the total repaid, and how much of it is interest?
- Does the term run longer than the repair will matter to the shop?
- Is there an origination fee, and is it taken out of the amount funded?
- What happens if a payment is late?
A small repair bill paid off within a few months can also be priced as a draw on a line of credit; the loan payment calculator shows the monthly payment for any amount, rate and term.
Figures to Pull Together Before Calling: A Myrtle Beach, SC Salon Pricing Styling Chairs
A call goes further with numbers in hand. In this case, a Myrtle Beach, SC salon has a dealer quote for styling chairs and a color station:
- The quote itself: the price of each chair and the station, plus delivery
- Card and cash deposits for each of the last few months
- The salon’s time in business and a fair estimate of annual revenue
- Any loan or lease payments the salon already makes
The equipment financing page has a section on salon chairs and color bars, plus separate sections on finance agreements and leases.
The office address is 643 Broadway St, Myrtle Beach, SC 29577. Calling (843) 256-2591 before stopping by lets the office know you are coming.
By Cedarbend Capital · Updated
