Best SBA Lenders in Myrtle Beach, SC (2026)
2025 FOIA data: top lenders, rates & industries for Myrtle Beach SBA loans
SBA Loans in Myrtle Beach, South Carolina
Looking for an SBA loan in Myrtle Beach, South Carolina? Based on 2025 FOIA data, 37 SBA 7(a) loans were funded in Myrtle Beach totaling $25.5M, supporting an estimated 473 jobs. With 22 active lenders competing for business in the Myrtle Beach market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Myrtle Beach is $689K at an average rate of 10.48%. The top lender in Myrtle Beach is GBank, with the most-funded industry being Hotels (except Casino Hotels) and Motels. See all South Carolina SBA lenders for statewide rankings.
SBA Loans in Myrtle Beach by Business Type
Whether you’re starting a new business in Myrtle Beach, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 9% of SBA loans in Myrtle Beach (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 25% (4 loans) — if you’re looking to buy a business in Myrtle Beach, this is a proven use case for SBA financing. Existing businesses make up 30% and typically receive the most favorable terms.
Top SBA Lenders in Myrtle Beach, SC (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Myrtle Beach businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | GBank | $5.0M | 1 | 8.5% |
| 2 | Wallis Bank | $3.6M | 2 | 9% |
| 3 | PromiseOne Bank | $3.1M | 1 | 9.5% |
| 4 | Pathward National Association | $2.6M | 1 | 9.5% |
| 5 | First National Bank of Pennsylvania | $1.9M | 1 | 8% |
| 6 | First Internet Bank of Indiana | $1.4M | 2 | 10% |
| 7 | Truliant FCU | $1.0M | 1 | 10.5% |
| 8 | Bank of America, National Association | $965K | 2 | 7.86% |
| 9 | TD Bank, National Association | $838K | 5 | 9.79% |
| 10 | Truist Bank | $835K | 1 | 10% |
The top lenders in Myrtle Beach have direct experience with local businesses and understand the Myrtle Beach market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Myrtle Beach and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Myrtle Beach
One 5-minute application. 22+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Myrtle Beach
These are the industries that received the most SBA 7(a) funding in Myrtle Beach in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 4 | $11.8M |
| Limited-Service Restaurants | 1 | $2.6M |
| Pet Care (except Veterinary) Services | 1 | $1.9M |
| Janitorial Services | 3 | $1.5M |
| Full-Service Restaurants | 3 | $1.2M |
| General Automotive Repair | 1 | $835K |
| Offices of Dentists | 1 | $765K |
| All Other Automotive Repair and Maintenance | 2 | $705K |
| Remediation Services | 2 | $659K |
| Other Personal Care Services | 1 | $622K |
Lenders with experience funding your specific industry in Myrtle Beach understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Myrtle Beach
Option 1: Apply directly to one of the top Myrtle Beach lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Myrtle Beach-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
