Restaurant Loans in Myrtle Beach, SC: Dish Machines, Handheld Ordering and a Distributor Invoice

A restaurant request starts with one bill and its due date. The product that fits depends on whether the money buys something the kitchen keeps for years, pays for food and drink that sells within weeks, or covers a cost that repeats every month. The table sorts the bills a dining room or counter kitchen in Myrtle Beach, SC may be holding.

The table is a starting point. A funding partner may suggest a different product after reviewing bank statements, time in business, revenue and credit, and every partner sets its own terms. Other food and drink trades are grouped on the industries page, and the Myrtle Beach, SC page carries ZIP 29577 counts for other trades.

Illustration only, invented figures: a sit-down restaurant in Myrtle Beach, SC replaces its door-type dish machine for $16,850, delivered. Put on a 42-month schedule at 11.85%, the machine costs $492.07 a month, or $20,666.94 over the schedule, and interest accounts for $3,816.94 of that (our arithmetic).

In this invented example, the quote covers the machine and its racks. Connecting it to the water supply and the drain, and running a dedicated electrical circuit if it needs one, is property work outside this site, so the restaurant pays the plumber and the electrician apart from the financed amount. Asking the vendor to list installation as its own line keeps the two costs from blurring together on the request.

A 42-month schedule ends while the machine is still in service, so the restaurant is not paying for a unit it has already retired. The equipment financing page has a calculator that takes price, down payment, rate and term, which makes it simple to test a 36- or 48-month version of the same quote before calling.

Among employer establishments with a ZIP 29577 address in 2023, 178 were full-service restaurants and 99 were limited-service restaurants (ZIP Code Business Patterns).

Across Horry County, SC, County Business Patterns counted 588 full-service and 389 limited-service restaurant employer establishments the same year. Fewer than five people worked at 87 of the limited-service restaurants, 22.4% of them.

Nonemployer Statistics, a separate Census program that counts businesses with no paid employees, listed 119 full-service and 78 limited-service restaurants in the county for 2024. Those owners are not part of the employer counts above, and the two programs are never added together.

The counts describe the restaurant trade, not who sends requests to this site. A restaurant with a full kitchen crew and a counter operation run by its owner can request the same products.

Illustration only, invented figures: a Horry County, SC restaurant replaces its POS terminals and adds handheld ordering devices for $14,300. Taken as an 18-month term loan at 12.9%, the purchase runs $878.03 a month; eighteen of those add to $15,804.54, which puts the interest at $1,504.54 (our arithmetic).

In the same invented case, a cash advance of $14,300 at a 1.31 factor means the funding source collects $18,733.00 from future card sales. With an 11% holdback on $2,180 of daily card sales, $239.80 goes to the funding source each business day, and the balance clears in about 79 business days (rounded up, our arithmetic).

In this invented case, the advance costs $4,433.00 against $1,504.54 of loan interest, $2,928.46 more, in exchange for remittances that follow card sales instead of a fixed monthly date. Because the advance buys a share of future card receipts rather than lending a sum, the merchant cash advance page explains the factor and the holdback; it is the only revenue-based option on this site.

Illustration only, invented figures: a Myrtle Beach, SC restaurant receives a $12,400 invoice from its produce and seafood distributor, due before the dining room has sold through the order. The owner draws $12,400 from the restaurant’s credit line at 13.9% and pays the draw down in three monthly payments of $4,229.46, $12,688.38 in all, so carrying the invoice costs $288.38 (our arithmetic).

In this invented example, the paid-down part of the limit opens back up under the line’s agreement, so the next distributor invoice can be drawn the same way. How a draw reduces and then restores the limit is set out on the line of credit page.

A working capital loan is the other route: one lump sum on a fixed schedule. It can suit a one-time gap, such as a large order for a private event, while a line suits invoices that arrive every few weeks. The working capital page works through payment timing on a fixed term.

The article on comparing restaurant funding in Myrtle Beach, SC lines up a kitchen equipment loan, a line draw and a card-sales advance in one table.