Deerbank Capital Group, a small-business funding service in Conway, South Carolina, explains restaurant loans for Horry County owners: kitchen equipment, renovations, buying an existing restaurant, food truck financing and payroll gaps, with county restaurant counts from the Census Bureau. Kitchens' requests go to funding partners, who decide.
At a glance
- Restaurant employers, Horry County, SC
977 at the two restaurant codes (our sum, CBP 2023)
- Full-service restaurant employees
13,987 (CBP 2023)
- Limited-service restaurant employees
6,938 (CBP 2023)
Horry County, SC Restaurant Employers at Two Codes, 2023
| Industry (NAICS) | Employer establishments | Paid employees | Annual payroll | Under 5 employees | ZIP 29526 |
|---|---|---|---|---|---|
| Full-service restaurants (722511) | 588 | 13,987 | $347.6 million | 23.3% | 48 |
| Limited-service restaurants (722513) | 389 | 6,938 | $141.1 million | 22.4% | 54 |
The two codes together counted 977 employer establishments (our sum). Dividing payroll by paid employees gives about $24,851 per full-service restaurant 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). Drinking places (NAICS 7224) added 73 employers and snack and nonalcoholic beverage bars (NAICS 722515) 103, counted separately.
Loans for Restaurants: When It Fits in Conway, SC
Loans for restaurants fit three kinds of bill: equipment that has to be replaced or added, a renovation or second location, and payroll and food costs while sales catch up. Deerbank Capital Group matches your request with funding partners, who review it and make their own decision. Restaurant loans in Conway, SC are read from the same records as anywhere else: card processing statements, bank deposits, tax returns and the lease.
Only 23.3% of Horry County's full-service restaurant employers had fewer than five employees in 2023 (County Business Patterns) against the county-wide 54.5% for all employers, so payroll sits close to the middle of a restaurant's costs.
Restaurant Lenders: When It Fits in Conway, SC
Restaurant funding comes from banks, credit unions, equipment finance companies, online lenders and cash advance funders, and each reads a restaurant differently. A bank looks hard at tax returns and the lease term; an equipment lender looks at the quote and the resale value of the machine; a cash advance funder looks at daily card volume. Knowing which funder reads what helps a restaurant owner send the right records first.
Restaurant Cash Advance for Conway, SC Firms
A restaurant cash advance is a purchase of future card receipts, not a loan, and the funder collects a share of daily sales until the agreed amount is delivered. Because restaurants take card payments every day, funders offer them advances. Before agreeing, total the purchased amount in dollars and compare it with a working capital loan for the same need. A factor-rate example worked line by line is on the merchant cash advance page.
Food Truck Loan Across Horry County, SC
A food truck loan finances a vehicle with a commercial kitchen built into it. Partners treat the chassis like a vehicle, with a title and mileage, and the kitchen like equipment, with an invoice from the builder. A used truck needs both checked: the vehicle's condition and the equipment's age.
Mobile food businesses are counted under their own Census code, so the restaurant counts above do not include them.
Food Truck Lender for Conway, SC Firms
A food truck lender may be an equipment finance company, a bank's vehicle department or a specialty lender that finances trucks and trailers. Ask each one whether it funds the vehicle, the kitchen build-out, or both, and whether it will finance a truck bought from a private seller rather than a dealer.
Food Truck Lending for Conway, SC Firms
Food truck lending decisions turn on the operator's records more than on the truck: bank statements showing event and daily sales, any catering contracts and the permits the truck runs under. A new operator with no sales history is read largely through personal credit and a down payment. Equipment financing covers the truck itself; working capital covers the first stock and fuel.
Restaurant Funding: A Conway, SC Primer
Restaurant funding in Horry County, SC comes down to matching the bill to the product. A walk-in cooler or a hood system is equipment; a dining-room remodel or a second location is a term loan; a slow month's payroll is working capital or a credit line; a short need with strong card sales may be offered as a cash advance. The article on financing a restaurant renovation in Conway, SC walks through a remodel in detail.
Kitchen Lines, Hoods and Walk-In Coolers on Payment Terms in Horry County, SC
Illustration only, invented figures: a Conway, SC kitchen replaces a walk-in cooler and a hood system for $42,000. Financed at a 10% annual rate over 60 months in this invented example, the payment is about $892 a month and the payments total about $53,543 (our arithmetic). A lease on the same equipment would be compared on total payments plus any buyout.
Taking Over a Horry County, SC Dining Room That Already Has Regulars
Buying a restaurant that already operates gives a partner something to read: the seller's tax returns, card processing history and the lease. Partners pay close attention to the lease, because a restaurant's value depends on staying in its space. Ask the landlord early whether the lease can be assigned and for how long it runs.
Hospitality tax filings show the seller's reported sales over time; ask to see them along with the returns.
Payroll Weeks and Food Orders Before the Sales Come In
Full-service restaurants in the county paid $347.6 million in wages in 2023 and limited-service restaurants $141.1 million (County Business Patterns). A slow stretch, a closed week for repairs or a large catering order paid on invoice can all leave payroll due before deposits arrive; working capital or a credit line covers that gap. The Conway, SC page sets restaurants against the county's other sectors, and the industry list has nearby trades.
Statements and Contracts a Restaurant Partner Reads in Horry County, SC
- Card processing statements for the last several months.
- Business bank statements, every page.
- Business tax returns and hospitality tax filings.
- The lease, with its remaining term.
- Equipment quotes or the builder's invoice for a truck.
- A list of existing loans and advances.
By Deerbank Capital Group ยท Updated
