Small business loans in Myrtle Beach, SC
Short answer
The most active SBA lenders in Myrtle Beach, SC since FY2024 are TD Bank (20 loans) and Wells Fargo Bank (10). The median loan was $300,000, and half fell between $70,000 and $658,000. For free help, see the South Carolina Small Business Development Centers. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 93
- approved since FY2024
- $58.4M
- median loan
- $300,000
- through SBA Express
- 31.2%
Lenders making SBA loans in Myrtle Beach
No lender made more than 22% of the loans in Myrtle Beach, and TD Bank made the most. The five largest lenders together made 53%.
| Lender | Loans | Share |
|---|---|---|
| TD Bank | 20 | 21.5% |
| Wells Fargo Bank | 10 | 10.8% |
| The Huntington National Bank | 9 | 9.7% |
| Newtek Bank | 5 | 5.4% |
| SouthState Bank | 5 | 5.4% |
Share is the percent of all Myrtle Beach loans in that period. Each name links to that lender's page for South Carolina where one exists.
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Local help near Myrtle Beach
Myrtle Beach borrowers can start with SBA's district office for South Carolina, an SBDC or SCORE.
46% of Myrtle Beach borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
SBA has one district office for South Carolina. Its page points to state and federal resources and to lenders in the area. The South Carolina Small Business Development Centers gives free counseling across South Carolina.
- SBA South Carolina District OfficeSBA district office
- South Carolina Small Business Development CentersSmall Business Development Center
- SCORE mentors in South CarolinaBusiness mentoring
Alongside SBA loans, South Carolina runs a loan program. The South Carolina page describes it, and the official page is linked here.
Loan counts and sizes in Myrtle Beach
Myrtle Beach ranks 4th by loans since FY2024 among the 10 South Carolina cities with 100 or more SBA loans since FY2020. Nationally it is the 236th busiest of the 580 cities that reach 100 loans.
The 93 loans, 5.0% of the 1,878 in South Carolina, were approved for $58.4 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $300,000, 100% above the national median of $150,300. Half of the loans fell between $70,000 and $658,000. The Myrtle Beach median is 20% above the South Carolina median of $250,000.
| Measure | Myrtle Beach | South Carolina | U.S. |
|---|---|---|---|
| Loans | 93 | 1,878 | 162,355 |
| Median loan | $300,000 | $250,000 | $150,300 |
| 25th percentile | $70,000 | $75,000 | $50,000 |
| 75th percentile | $658,000 | $609,375 | $500,000 |
| Via SBA Express | 31.2% | 28.6% | 35.8% |
| Lines of credit | 28.0% | 25.2% | 28.1% |
| Startups | 20.4% | 21.4% | 16.1% |
| Ownership changes | 14.0% | 13.2% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | 0.0% | 3.6% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
69% of the loans were $500,000 or less, the size SBA Express covers. 31.2% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 28.0% of loans, close to the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 39.8% of loans went to businesses more than two years old and 25.8% to businesses two years old or younger. Startups received 20.4% and changes of ownership 14.0%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 32% from FY2024 (47 loans) to FY2025 (32), the two latest full years. The busiest full year in the file was FY2024, with 47 loans. FY2026 already shows 14 loans through June 30.
Of the 40 loans Myrtle Beach borrowers received in FY2020 to FY2022, 0.0% were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 1,310 jobs supported across the 93 loans since FY2024, about 14.1 per loan. SBA does not audit these estimates.
What businesses in Myrtle Beach borrow for
Full-Service Restaurants was the largest borrower group in Myrtle Beach, with 6 loans or 6.5% of the total.
The three largest industries made up 17% of all Myrtle Beach loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 6 | 6.5% | 4.6% |
| Fitness and Recreational Sports Centers | 5 | 5.4% | 2.1% |
| Limited-Service Restaurants | 5 | 5.4% | 3.3% |
Share is the percent of all Myrtle Beach loans in that period. Industry is the NAICS code on each loan. A name links to the South Carolina page for that industry where one exists.
A typical loan payment in Myrtle Beach
The median Myrtle Beach loan was $300,000 with a median term of 10 years.
The median variable-rate loan in Myrtle Beach was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $300,000 over 10 years, principal and interest would come to about $3,923 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $70,000 | $915 |
| Median loan | $300,000 | $3,923 |
| 75th percentile loan | $658,000 | $8,605 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $300,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 1.8 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Myrtle Beach loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $300,000 loan and SBA Express payment calculator.
SBA 504 loans near Myrtle Beach
Myrtle Beach has 10 SBA 504 loans since FY2024, with $14.8 million in SBA and CDC dollars.
The median 504 loan in Myrtle Beach was $1,037,500 in SBA and CDC dollars, 21% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Provident Business Financial Services, Inc. is the one Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on five or more loans, 10 since FY2020.
| Certified Development Company | 504 loans |
|---|---|
| Provident Business Financial Services, Inc. | 10 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
South Carolina cities near Myrtle Beach
Myrtle Beach made up 5.0% of South Carolina's SBA loans since FY2024.
Myrtle Beach is one of 10 South Carolina cities with 100 or more SBA loans since FY2020. The South Carolina page covers all 1,878 loans in South Carolina. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Myrtle Beach
Which lenders make the most SBA loans in Myrtle Beach?
TD Bank leads with 20 loans in Myrtle Beach since FY2024. Wells Fargo Bank (10) and The Huntington National Bank (9) follow. Only lenders with five or more Myrtle Beach loans are counted.
Which industries get SBA loans in Myrtle Beach?
Full-Service Restaurants leads with 6 loans in Myrtle Beach since FY2024. Fitness and Recreational Sports Centers (5) and Limited-Service Restaurants (5) follow.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA South Carolina District Office
- South Carolina Small Business Development Centers
- SCORE, South Carolina
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Myrtle Beach, SC. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/south-carolina-small-business-loans/myrtle-beach/
Ask lending partners about a loan in Myrtle Beach
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.