Myrtle beach, SC — PPP Loan Data

Myrtle beach, South Carolina received 5,730 Paycheck Protection Program loans totaling $402.8M. The average loan in the city was $70,299 — above the national program average of approximately $67,000.

95.1% of loans in Myrtle beach — totaling $392.2M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.

Among the largest disclosed recipients in Myrtle beach were CAPITAL VACATIONS, LLC ($9,399,530), CMAC INC. ($5,699,700), and J & L SERVICES INC ($2,507,095).

The most active industry sector in Myrtle beach was Accommodation and Food Services with 553 loans worth $79.5M, followed by Personal Care Services (315 loans).

Applicants in Myrtle beach reported retaining 58,654 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.

Myrtle beach is part of South Carolina, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.