Business Loans Around Myrtle Beach, SC: Murrells Inlet, SC Plus Lease Costs for Shops, Restaurants and Offices

Myrtle Beach is an incorporated city in Horry County, SC and the home of the Cedarbend Capital office. The Myrtle Beach, SC page carries ZIP 29577 counts by trade, including 178 full-service restaurants, a records list for a sit-down restaurant, what a bar’s lease leaves outside this site, a salon’s distributor order worked through, and the office address.

The census counts Murrells Inlet, SC as an unincorporated place in Georgetown County, SC, which keeps Horry County, SC totals off its page. The Murrells Inlet, SC page uses ZIP 29576 counts and Census self-employment figures for the community, 27.5% (±6.6) of employed residents, and works through a new hire, kegerators for a bar and a salon’s move.

The 2020-2024 American Community Survey gives each nearby place its own self-employment share among employed residents: 13.7% (±5.3) in the town of Surfside Beach, SC, 12.8% (±3.5) in Carolina Forest, SC, 12.4% (±2.6) in Socastee, SC and 10.7% (±4.5) in Garden City, SC, the last three being Census Designated Places in Horry County, SC. The margins overlap, so the shares do not rank the places; they describe residents, not business counts.

Illustration only, invented figures: a Myrtle Beach, SC gift shop with 34 months left on its lease weighs $21,400 of new display fixtures. On a 36-month schedule at 11.2%, the shop would owe $702.64 monthly, $25,295.04 across the term, of which $3,895.04 is interest.

Stretched to 60 months in this invented example, the payment falls to $467.43, $235.21 less each month, but the 60 payments total $28,045.80, so interest rises by $2,750.76 to $6,645.80, and 26 of those payments would fall after the current lease ends. The shorter term finishes 2 months after the lease does.

Before choosing, the shop can find out whether the landlord offers a renewal and whether any fixture attached to the space stays with it when the lease ends. Freestanding fixtures leave with the business.

A boutique moving to new retail space in Horry County, SC reads the same rent and term figures as any tenant, plus clauses that matter most to a store:

• Sign rights: what the lease allows on the building (installing the sign is property work outside this site)
• Operating clauses: any hours the shop must keep open
• Percentage rent, where part of the rent is tied to the store’s sales
• Common-area charges: what they cover and how the landlord estimates them
• Assignment: whether the lease can pass to a buyer if the boutique is ever sold

The move itself is a business cost. Packing and moving stock, new freestanding racks and a larger first order for the bigger floor fit the inventory financing page and the equipment financing page.

• The lease deposit: the amount, who holds it and the conditions for getting it back
• The rent start date compared with the date the keys are handed over
• Taxes, insurance and common-area charges passed through to the tenant
• Which kitchen equipment, if any, stays with the space, and in what condition
• Who pays for any construction work, and whether the landlord offers an allowance
• Renewal options and the notice dates for using them
• Assignment terms if the restaurant is sold

The deposit and any rent due at signing are working capital costs. A range, fryer or refrigeration purchase goes through equipment financing, with the gas and electrical hookups as property work outside this site. The working capital page and the equipment financing page cover each side.

• Usable versus rentable square feet: rentable area includes a share of hallways and other common space
• Gross, modified gross or net rent, and which costs each leaves to the tenant
• Parking for agents and clients, and access after hours
• Network and phone wiring already in place; new wiring is property work outside this site
• The term, renewal options and any early-exit terms

For a real estate office adding agents, computers, printers and a phone system can go through equipment financing, and payroll for added office staff through a working capital loan. The term loans page covers a larger one-time cost with a fixed schedule.