Business Loans in Murrells Inlet, SC: Covering Payroll and Kegerators

ZIP 29576, the ZIP that bears the Murrells Inlet postal name, counted 1,050 employer establishments in 2023, and 58.2% had fewer than five employees (ZIP Code Business Patterns). The ZIP is much larger than the community: Murrells Inlet covers 24.0% of ZIP 29576’s land, and the ZIP also takes in land in Horry County, SC, so these counts describe parts of two counties.

By sector, health care and social assistance had the most ZIP 29576 employer establishments (147), followed by retail trade (144) and accommodation and food services (125); real estate and rental and leasing (115) and construction (114) came next.

Self-employment is a resident measure, not a business count. The 2020-2024 American Community Survey puts it at 27.5% (±6.6) of employed Murrells Inlet CDP residents, with owners of incorporated businesses at 17.9% (±5.9) and owners of unincorporated ones at 9.6% (±3.8). A request names the business the way its bank account does, whether that is an LLC, a corporation or the owner’s own name.

For a funding request, the names need to agree: the company name the owner enters on the request form is the name the business bank account is held under.

Illustration only, invented figures: a clothing and gift shop in Murrells Inlet, SC adds a part-time sales associate at $1,240 per biweekly payroll. In this invented example, 5 paydays of that added cost come to $6,200 before the extra hours on the floor show up in sales; a working capital loan or a draw on a line of credit can carry that stretch. In ZIP 29576, 50.0% of the 144 retail trade employer establishments counted for 2023 had fewer than five people on the payroll (ZBP).

Buying a commercial building or lot in Murrells Inlet, SC is a real estate purchase, and real estate purchases are outside this site. A gift shop that relocates, into a building it buys or one it leases, still has business costs that a request can cover:

• Moving the stock and the freestanding display fixtures from the old space to the new one
• Display cases or shelving units sized to the new sales floor
• A point-of-sale terminal and card reader for the new counter
• Extra stock to fill a larger floor, through the inventory financing page
• Payroll for the days the shop is closed for the move

Signs on the building, wiring, walls and any other work on the property itself are property work outside this site. The equipment financing page covers the fixtures and the terminal; the working capital page covers payroll and moving costs.

Commercial real estate in Murrells Inlet, SC, bought or leased, stays outside this site; what a bar can fund is the equipment inside the space. Bars belong to the accommodation and food services sector, which had 125 employer establishments with ZIP 29576 addresses in 2023; 21.6% of those had fewer than five employees (ZBP).

Illustration only, invented figures: a bar in Murrells Inlet, SC prices 3 freestanding kegerators at $2,870 each and a back-bar bottle cooler at $3,140, $11,750 together. In this invented example equipment financing at 11.65% over 30 months has a payment of $453.35; the 30 payments total $13,600.50, of which $1,850.50 is interest.

Any draft line run through a wall or a counter, and the electrical work behind the units, is property work outside this site. The units themselves plug in and can move with the bar.

• Measure what the salon needs: styling stations, a dryer area, retail shelving and storage
• Compare listings on rent per square foot, the length of the term and any renewal option
• Ask the landlord in writing what comes with the space, including which plumbing is already in place at the shampoo area
• Line up the new lease’s start date with the end of the current one
• Have the lease reviewed before signing it

Illustration only, invented figures: a Murrells Inlet, SC salon’s new lease starts while a month and a half remains on its old one. At $3,950 a month for the new space, that overlap costs $5,925 in this invented example, a working capital cost.

Styling chairs, hood dryers and rolling color carts for the added stations can go through equipment financing. Shampoo bowls and their plumbing are building work outside this site. The nearby places page has lease notes for shops, restaurants and offices, and the Myrtle Beach, SC page covers the office city.

1. Start by phoning (843) 256-2591 or send the request form, which asks for full name, phone, email, company name, time in business, annual revenue and requested amount.
2. After that, partners get the details so a partner can assess the request.
3. Any partner may check the details first; an offer, or none, is the partner's choice.
4. If an offer is made, look hard at its cost and conditions; the decision to accept stays with you.

Businesses around Murrells Inlet, SC can make a request over the phone or on the web.

Owners in Murrells Inlet, SC can read this site's separate trade pages; four of them cover dental practices, cafes and coffee shops, medical practices and hotels and motels. The partner assessing the request reaches its own verdict on the request.

• The most recent return the company filed, and owners' personal returns where asked
• Profit and loss figures through the latest month and a balance sheet dated the same
• An ID with a photo that has not expired for each owner and co-owner
• The state filing that formed the business and the EIN notice the IRS sent
• Details of the business's open debts, with lender names and payment amounts
• For equipment you plan to buy, the written quote with price, model and seller details

Any records a partner may ask for are its own choice; this list is a general outline.