Deerbank Capital Group, a small-business funding service in Conway, South Carolina, explains grocery store loans for Horry County owners: refrigeration, inventory, credit lines, remodels and buying a store, with county grocery and convenience store counts from the Census Bureau. Grocers' requests are reviewed and decided by funding partners.
At a glance
- Grocery store employers, Horry County, SC
113 (CBP 2023, includes convenience stores)
- Paid employees
4,844 (CBP 2023)
- Convenience stores within that count
37 (CBP 2023)
Grocery and Convenience Stores in Horry County, SC, 2023
| Industry (NAICS) | Employer establishments | Paid employees | Annual payroll | Under 5 employees | ZIP 29526 |
|---|---|---|---|---|---|
| Grocery stores, all (4451) | 113 | 4,844 | $128.9 million | 41.6% | 15 |
| of which convenience stores (445120) | 37 | 93 | $2.7 million | 83.8% | 8 |
NAICS 4451 includes convenience stores, so the 113 grocery employers include 37 convenience stores, leaving 76 other grocery employers (our arithmetic). Dividing payroll by paid employees gives about $26,612 per grocery-store employee in 2023, against $42,014 across all Horry County, SC employers (our arithmetic; a simple division that counts part-time and full-time workers alike, not an average wage). Nonemployer Statistics, a separate Census program, counted 107 grocery stores without paid employees in Horry County, SC in 2024, with $13 million in receipts; those owners are not part of the employer counts above.
Grocery Store Financing for Conway, SC Firms
Grocery store financing for a Conway, SC store follows the bill: equipment financing for coolers, freezers and checkout systems; inventory financing or a credit line for stock; a term loan for a remodel or purchase. Grocery store loans are read from register sales and supplier history. Deerbank Capital Group matches your request with funding partners, who review it and make their own decision.
Grocery Store Business Loan in Horry County, SC: What Changes Locally
Horry County's grocery employers had 4,844 paid employees and $128.9 million in payroll in 2023 (County Business Patterns), and 15 had a ZIP 29526 address (ZIP Code Business Patterns). A store in a city needs the city's license; one in unincorporated county land needs the county's.
Grocery Store Line of Credit: What Partners Review in Conway, SC
A grocery store line of credit is read against supplier terms and sales: the ordering schedule, how much each order costs and how fast deposits follow. The line of credit page explains limits and draw periods.
Grocery Store Cash Flow Records Across Horry County, SC
- Daily or weekly register sales reports.
- Card processing and EBT deposit records, if the store accepts them.
- Supplier statements and delivery invoices.
- Bank statements showing the gap between paying suppliers and collecting sales.
Grocery Store Financial Statements: What Partners Read in Conway, SC
A profit and loss with gross margin by department, a balance sheet with inventory at cost, and an aging of supplier payables. Spoiled or expired stock should be written off in the reports, not carried at cost; a partner reading inventory values will ask about it.
How to Get a Loan for a Grocery Store: A Checklist for Horry County, SC Owners
- Decide what the money is for: refrigeration, stock, a remodel or a purchase.
- Get quotes or the supplier order.
- Pull bank statements, sales reports and tax returns.
- Check the lease and any license the work affects.
- Send the request and compare offers on total cost.
Grocery Store Business Loan Requirements: A Conway, SC Primer
Requirements are the partner's to set, but grocery requests are read from the same core: sales history, supplier relationships, the lease and the owner's credit. A store that sells beer and wine adds its state license to the list.
Walk-In Coolers and Refrigerated Cases on Payment Terms
Illustration only, invented figures: a store replaces a walk-in cooler and four refrigerated cases for $54,000. Financed at a 10% annual rate over 60 months in this invented example, the payment is about $1,147 a month and the payments total about $68,840 (our arithmetic).
Buying an Existing Grocery or Convenience Store in Horry County, SC
A buyer reads the seller's sales reports, supplier accounts, inventory count at closing and the lease. Any fuel, lottery or beer and wine licenses need their own transfer answers, and a partner will want them before funding.
Generators, Point-of-Sale Systems and Store Security Equipment
Checkout lanes, scales, point-of-sale software, security cameras and backup power are financed as equipment, each on its own quote. Bundling them on one agreement keeps a single payment; splitting them lets each piece be paid off on its own schedule. Ask the partner which it prefers and whether installation is included in the amount financed.
Payroll and Deliveries Between Deposits
Deliveries arrive several times a week and are paid on the supplier's terms; payroll runs on its own schedule. Grocery stores sit within the retail page; county figures are on the Conway, SC page and other trades on the industries page.
By Deerbank Capital Group ยท Updated
