Deerbank Capital Group, a small-business funding service in Conway, South Carolina, explains hotel and motel financing for Horry County owners: room renovations, furniture, fixtures and equipment, working capital and buying an operating motel, with county lodging counts. Property mortgages are outside its options. Funding partners review each request and decide.
At a glance
- Hotel and motel employers, Horry County, SC
177 (CBP 2023)
- Paid employees
5,468 (CBP 2023)
- Lodging payroll
$190.6 million (CBP 2023)
Hotels and Motels in Horry County, SC, 2023
| Industry (NAICS) | Employer establishments | Paid employees | Annual payroll | Under 5 employees | ZIP 29526 |
|---|---|---|---|---|---|
| Traveler accommodation (7211) | 177 | 5,468 | $190.6 million | 26.6% | 10 |
Dividing payroll by paid employees gives about $34,863 per lodging 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). Accommodation and food services together counted 1,408 employers and 30,879 paid employees in the county (County Business Patterns 2023). Nonemployer Statistics, a separate Census program, counted 146 traveler accommodation businesses without paid employees in Horry County, SC in 2024, with $12.6 million in receipts; those owners are not part of the employer counts above.
Hotel Lenders: What Partners Review in Conway, SC
Hotel lenders split into two groups: commercial real estate lenders that finance the building, and business lenders that finance what goes inside it and the cash to run it. Deerbank Capital Group matches your request with funding partners on the business side, who review it and make their own decision. Hotel loans in Conway, SC for renovations, FF&E and working capital are read from occupancy and revenue records, bank statements and returns.
Hotels Loans for Conway, SC Owners
Hotels loans for Horry County, SC owners cover room refreshes, new beds and case goods, HVAC units, laundry equipment, property management software and lobby work. Horry County had 177 hotel and motel employers with 5,468 paid employees in 2023 (County Business Patterns).
Motel Loans Across Horry County, SC
Motel loans for smaller, owner-run properties lean on the owner's credit and the property's deposits. 26.6% of the county's lodging employers had fewer than five employees in 2023 (County Business Patterns). Partners read monthly room revenue from bank statements and accommodations tax filings together.
Motel Financing Across Horry County, SC
Motel financing for a renovation is a term loan sized to the contractor's bid and the furniture quotes, with a payment schedule the room revenue can carry. Some partners fund the renovation in stages as rooms come back into service.
Hotel Motel Loans: When It Fits in Conway, SC
Hotel and motel loans for equipment, such as PTAC units, washers and dryers, ice machines and key-card systems, can be financed as equipment with the machine as security. Separating equipment from the renovation keeps each payment tied to what it bought.
Hotel Financing for Conway, SC Firms
Hotel financing for working capital covers payroll, linens and supplies, and the months when room revenue is lower than the bills. Working capital or a credit line fits; a partner reads a full year of deposits to see the pattern.
Loan to Buy Motel: A Conway, SC Primer
A loan to buy a motel can include the real estate, which needs a commercial real estate lender. Deerbank's partners can look at the business side of a purchase: FF&E, renovation after closing and working capital for the first months. The article on financing a motel in Horry County, SC sets out how the pieces fit.
Refreshing Forty Rooms: An FF&E Example
Illustration only, invented figures: a motel refreshes 40 rooms at $6,500 a room for beds, case goods and soft goods, $260,000 in total (our arithmetic). Financed at a 10% annual rate over 84 months in this invented example, the payment is about $4,316 a month, and the payments total about $362,570 (our arithmetic).
Accommodations Tax Filings and Room Revenue
Lodging businesses file accommodations tax returns on room revenue, and a partner may compare them with bank deposits. The Conway, SC page explains the county's lodging tax records, and the industries page covers restaurants and other hospitality trades.
Renovating Rooms in Stages While the Property Stays Open
An owner-run property can renovate a floor or a wing at a time so the rest keeps earning. A partner may fund in matching stages, releasing money as each group of rooms is finished and inspected. Give the partner a schedule showing which rooms are out of service and when, so the room revenue in the bank statements can be read against it.
Occupancy Reports a Lodging Partner Reads in Horry County, SC
- Monthly room revenue and occupancy reports.
- Accommodations and hospitality tax filings.
- Bank statements and tax returns.
- Renovation bids and FF&E quotes.
- Franchise agreement and any required improvement plan, if branded.
By Deerbank Capital Group ยท Updated
