Feasibility Study Data for the Myrtle Beach-Conway-North Myrtle Beach, SC Metro Area

Myrtle Beach-Conway-North Myrtle Beach, SC in the national count, 467 loans

SBA files rank Myrtle Beach 175 of 928 by loans: 467 approvals in FY2017 to FY2026, $312.1 million gross. Median loan: $280,100 in Myrtle Beach, 1.35x the national median. That makes Myrtle Beach a larger-ticket market. In Myrtle Beach, the middle half of loans runs from $58,750 to $725,500. Because $58,750 and $725,500 frame the middle half, a Myrtle Beach borrower should weigh any Myrtle Beach request against $280,100 in Myrtle Beach.

Program mix in Myrtle Beach: 438 under SBA 7(a) in Myrtle Beach and 29 under SBA 504. As SBA flags them, 21.4% of Myrtle Beach loans are franchise loans. Asset by asset, Myrtle Beach shows full-service restaurant with 33, hotel and motel with 24 and fitness center with 18. A further 312 Myrtle Beach loans fall outside every named class. The class lines for Myrtle Beach therefore never sum to 467. All Myrtle Beach loans trace to Horry County, SC, with 467 approvals, so Myrtle Beach behaves as a one-county market in Myrtle Beach.

Myrtle Beach-Conway-North Myrtle Beach, SC lender names, as SBA lists them in Myrtle Beach

In Myrtle Beach, the holder lists draw on SBA's record of loans each lender holds or once held in Myrtle Beach, per holder field, which tells volume, not practice. Myrtle Beach holders should be read that way. The Myrtle Beach SBA 7(a) table opens with TD Bank, National Association with 89 loans worth $12.7 million; Wells Fargo Bank National Association holds 28, worth $4.8 million; The Huntington National Bank with 23 loans worth $19.5 million. Under SBA 504, Myrtle Beach lists Provident Business Financial Services, Inc. with 16 loans worth $19.9 million; Certified Development Corporation of South Carolina with 5 loans worth $6.4 million first. In Myrtle Beach, the top holder leads the rest. A Myrtle Beach borrower may still approach any lender in Myrtle Beach.

Of Myrtle Beach approvals from FY2017 to FY2024 in Myrtle Beach, at least 9.4% were cancelled after approval. In Myrtle Beach, the ceiling, which would count approvals that never received funds as cancelled, is withheld at source for Myrtle Beach. For the Myrtle Beach disbursed cohort of 164 loans, FY2017 to FY2021, the floor is 11.6%. 5.5% were charged off inside five years. Myrtle Beach's busiest printed year was FY2024, with 75 loans. Placement in Myrtle Beach hinges upon that county as SBA records it with the July 2023 delineation, and any loan whose county is unplaceable is left out of every area. The 467 loans in Myrtle Beach-Conway-North Myrtle Beach, SC include those in no named class.

Myrtle Beach-Conway-North Myrtle Beach, SC: questions a study has to answer for Myrtle Beach

Myrtle Beach demand comes first. Study the market around the parcel itself, never the metropolitan area, and stress the first year in Myrtle Beach. Then cost in Myrtle Beach. Tickets cluster near $280,100 at the median, though every line should rest on bids, with Myrtle Beach fees and reserves itemised. Finally, Myrtle Beach debt service coverage. Show coverage at the requested loan as well as in Myrtle Beach under a downside case, to find the Myrtle Beach breakeven revenue. The value view meets a Myrtle Beach appraisal, so the comparables the study cites must be documented for Myrtle Beach. In Myrtle Beach, 467 loans spread over many neighbourhoods, and a Myrtle Beach study must say which it targets. With Myrtle Beach at 1.35x the national median in Myrtle Beach, projects run large in Myrtle Beach. The study must justify its project for Myrtle Beach against $280,100.