Construction financing for contractors and builders in Horry County.
Construction contractors throughout Horry County and the Grand Strand region require specialized financing that understands the unique demands of the building industry. Our hard money construction loans provide the working capital, project funding, and equipment financing that general contractors, home builders, and specialty trade contractors need to grow their operations and complete projects successfully. The construction business moves quickly, with opportunities arising from developer requests, homeowner renovations, and commercial build-outs that require immediate capital commitment. Traditional bank financing simply cannot keep pace with these demands, often requiring months of processing for loans that contractors need within days. Our asset-based lending approach evaluates your construction expertise, project viability, and available collateral rather than focusing solely on credit scores and tax returns. Whether you're a custom home builder in Carolina Forest, a commercial contractor working on retail developments, or a remodeling specialist serving beachfront properties, our construction loan programs deliver the flexible financing needed to succeed in South Carolina's competitive building market.
Our hard money construction loans support contractors across the full spectrum of building activities in the Myrtle Beach area. General contractors utilize our financing for new home construction, residential additions, and whole-house renovation projects throughout Horry County. Commercial contractors depend on our loans for office build-outs, retail store construction, restaurant renovations, and tenant improvement projects in shopping centers and business parks. Specialty contractors including electricians, plumbers, HVAC technicians, and roofing contractors use our equipment financing to purchase trucks, trailers, tools, and specialized machinery needed to expand service capabilities.
Land developers and site contractors access capital for land clearing, infrastructure installation, and preliminary development work before permanent financing is secured. Custom home builders leverage our construction loans to acquire lots, begin construction on spec homes, and complete build-to-suit projects for clients. Remodeling contractors finance kitchen and bathroom renovations, whole-house updates, and historic property restorations in established neighborhoods. Concrete contractors, framing crews, and finishing trades utilize our working capital loans to manage cash flow between project billing cycles and material purchases. Additionally, contractors seeking to expand their operations use our business acquisition loans to purchase competitor businesses, equipment fleets, and established customer relationships. Each loan features draw schedules aligned with construction milestones and interest-only payment options during the construction period.
Construction contractors in Myrtle Beach face significant financing challenges that hinder growth and operational efficiency. The industry's payment structure creates inherent cash flow problems, with contractors typically paying for materials and labor weeks or months before receiving payment from property owners or general contractors. Traditional banks view construction as a high-risk industry, making loan approval difficult even for established contractors with strong track records. Bonding requirements for public projects and large commercial jobs often exceed the financial capacity of growing contractors who lack significant liquid assets. Equipment financing through conventional channels requires extensive documentation and perfect credit, excluding many skilled tradespeople who have invested heavily in their businesses. Seasonal fluctuations in construction activity create revenue instability that banks misinterpret as business weakness. Additionally, the need for quick capital to secure materials at bulk pricing or take advantage of supplier discounts is impossible with traditional loan timeframes.
Our construction lending approach recognizes the realities of the building industry and structures loans that support contractor success. We evaluate loan requests based on your construction experience, project pipeline, contractor license status, and available collateral rather than applying rigid credit score requirements. Our draw schedule process releases funds as construction milestones are completed and verified, protecting both the borrower and lender while ensuring adequate capital for each project phase. We maintain relationships with local appraisers and inspectors who understand construction valuations and can quickly verify completed work. Our loan terms include interest-only payment options during construction periods, reducing monthly obligations when projects are underway. We work with contractors to structure loans that accommodate the timing of project payments and seasonal business patterns.
We provide construction financing for licensed contractors throughout the Grand Strand building market, including Myrtle Beach, North Myrtle Beach, Conway, Little River, Socastee, Carolina Forest, and surrounding areas in Horry County.
Construction loan funds are disbursed through a draw schedule tied to project milestones. After completing specific phases such as foundation work, framing, rough-in, and finishing, we disburse portions of the loan based on verified completion. This ensures adequate funding throughout the project while protecting both the borrower and lender.
Yes, our construction loans typically feature interest-only payment options during the construction period, which reduces your monthly obligations while projects are underway. Once construction is complete, the loan can either be paid off through sale or refinancing, or convert to amortizing payments if holding the property long-term.
We finance residential new construction, custom home building, remodeling and renovation projects, commercial build-outs, tenant improvements, multi-family construction, and land development projects. Both ground-up construction and substantial renovation projects qualify for our hard money construction loans.
Yes, we offer equipment financing for construction vehicles, heavy machinery, tools, and specialized equipment. These loans can be structured as stand-alone financing or combined with construction project funding depending on your business needs and available collateral.
Required documentation typically includes your South Carolina contractor license, proof of insurance, project plans and specifications, detailed cost estimates, contractor references, personal and business financial statements, and information about your construction experience and completed projects.
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