South Carolina micro-market
Healthcare practice financing in North Myrtle Beach, South Carolina
Direct answer
Horry County carries 8 SBA healthcare approvals worth $3,694,500, and inside North Myrtle Beach the census shows 169 enumerated clinicians against 20,798 residents, 81.3 per 10,000, 27 percent of them in physical, occupational, and speech therapy. Myrtle Beach-Conway-North Myrtle Beach, SC lies 13 miles away.
A location page indicates that Practition Finance is taking clients in that market. It does not represent a physical office, storefront, or licensed presence in that city or state. All services are delivered remotely by our US-based team. How a referral works in South Carolina, and how many partners see it, is set out on the South Carolina page.
- Population: 20,798 residents (10K-25K band)1
- Healthcare providers registered here: 169 across 22 fields2
- Median household income: $72,1113
- Largest provider field: Physical, occupational, and speech therapy: 46 registered providers2
- Medicare-certified providers in town: 2 across 2 categories4
- Nearest metro: Myrtle Beach-Conway-North Myrtle Beach, SC, 13 miles1
Fields practicing inside North Myrtle Beach
81.3 providers per 10,000 residents is what 169 enumerations across 22 fields works out to in a town of 20,798
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 46 | 22.1 | NPPES [2] |
| Chiropractic | 27 | 13.0 | NPPES [2] |
| General dentistry | 16 | 7.7 | NPPES [2] |
| Primary care and family medicine | 13 | 6.3 | NPPES [2] |
| Non-medical home care | 10 | 4.8 | NPPES [2] |
| DME and HME suppliers | 8 | 3.8 | NPPES [2] |
| Optometry and ophthalmology | 8 | 3.8 | NPPES [2] |
| Specialty physician groups | 7 | 3.4 | NPPES [2] |
| Independent pharmacy | 5 | 2.4 | NPPES [2] |
| Home health | 3 | 1.4 | NPPES [2] |
| Urgent care | 3 | 1.4 | NPPES [2] |
| Dental specialties | 3 | 1.4 | NPPES [2] |
| Audiology and hearing centers | 3 | 1.4 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 3 | 1.4 | NPPES [2] |
| Behavioral and mental health group practices | 3 | 1.4 | NPPES [2] |
| Telehealth and virtual clinics | 3 | 1.4 | NPPES [2] |
| Podiatry | 2 | 1.0 | NPPES [2] |
| ABA and autism therapy | 2 | 1.0 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.5 | NPPES [2] |
| Plastic and cosmetic surgery | 1 | 0.5 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.5 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.5 | NPPES [2] |
| Medical equipment suppliers | 6 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Several of the 46 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
What Horry County credit files already show
8 healthcare approvals sit in the county file, so an appraiser here works from a short comparable set
| Measure | Published figure | What sits behind it |
|---|---|---|
| Approvals on record | 8 | Counted for the fiscal year the SBA publishes [5] |
| Total approved capital | $3,694,500 | Everything approved to healthcare borrowers, added up [5] |
| Mean deal size | $461,813 | The dollar column over the approval column [5] |
| Lenders sited in the county | 259 | Places that write credit locally, NAICS 522 [6] |
What the two tables above change about a file
Density of 81.3 per 10,000 sets the patient draw a projection can claim without an argument. Horry County has 8 approvals to compare against, so plan for extra appraisal time and a conservative valuation. With $72,111 as the median household income, the payer mix in a projection has to match what North Myrtle Beach households actually spend.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
- Expansion, relocation, and build-out
Weighted by how often each of the 22 local fields reaches for a program, not by what is easiest to refer. South Carolina rules and the partner decide availability.
The first pages of a North Myrtle Beach file
physical, occupational, and speech therapy, chiropractic, general dentistry account for most of what is enumerated in North Myrtle Beach, so those are the files funders see from this town
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (46) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (27) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| General dentistry (16) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
Counts in the first column are North Myrtle Beach providers from NPPES. The other two columns describe how funders read that field across markets like North Myrtle Beach, not what any funder will do with your file.
How North Myrtle Beach prices against its neighbors
Density is the number that moves an appraisal: 81.3 per 10,000 here
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| North Myrtle Beach (current) | 20,798 | 169 | 81.3 | |
| Myrtle Beach | 40,535 | 1,238 | 305.4 | 13 |
| Conway | 29,656 | 510 | 172.0 | 20 |
| Florence | 40,923 | 1,223 | 298.9 | 67 |
| Moncks Corner | 18,359 | 214 | 116.6 | 85 |
| Goose Creek | 50,352 | 297 | 59.0 | 94 |
| Hanahan | 21,983 | 71 | 32.3 | 96 |
What the geography does to a North Myrtle Beach projection
13 miles separate North Myrtle Beach from Myrtle Beach-Conway-North Myrtle Beach, SC. Lease pricing follows Myrtle Beach-Conway-North Myrtle Beach, SC, while revenue stays capped by the 20,798 residents here. At $72,111 median household income, the elective and cash-pay share of a projection is the line that gets tested first. Referral flow comes from outside North Myrtle Beach, which a projection needs to state plainly.
Nearby South Carolina towns
- Myrtle Beach 40,535 residents
- Conway 29,656 residents
- Florence 40,923 residents
- Moncks Corner 18,359 residents
- Goose Creek 50,352 residents
- Hanahan 21,983 residents
Questions from North Myrtle Beach
01How many providers practice in North Myrtle Beach, and in what?
NPPES lists 169 providers at a North Myrtle Beach practice address, 81.3 per 10,000 residents across 22 tracked fields. Physical, occupational, and speech therapy accounts for 46 of them, 27 percent of the total, with chiropractic next at 27. Read that as clinicians: 169 enumerations, not 169 owners.
02What does Horry County's shortage designation change?
Horry County holds a HRSA designation covering primary care, dental, mental health. A pro forma for North Myrtle Beach can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
03Why does Horry County show so little SBA activity?
Horry County shows 8 approvals in the SBA healthcare file, which means an appraiser reaches outside the county for comparables. Few sales, not weak credit, is the usual reason. 259 lending establishments operate locally.
04Is North Myrtle Beach underwritten as part of Myrtle Beach-Conway-North Myrtle Beach, SC?
Partly. Myrtle Beach-Conway-North Myrtle Beach, SC is 13 miles out, so rent and equipment comparables travel in from there while patients still come from the 20,798 residents around North Myrtle Beach. Cost side metro, revenue side local.
05Is there local lending capacity in Horry County?
County Business Patterns records 259 credit intermediation establishments in Horry County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen North Myrtle Beach rents and resale before or by somebody working from a screen.
06What does the underserved designation in Horry County support?
Horry County carries a medically underserved designation. It evidences unmet demand behind a capacity build, and it opens recruitment programs that make a staffing line in a projection easier to defend than local wage data alone would.
Sources
- 1U.S. Census Bureau, Population Estimates, vintage 2024
- 2CMS NPPES, monthly full replacement file
- 3U.S. Census Bureau, ACS 5-year 2023, table B19013
- 4CMS Care Compare provider datasets
- 5U.S. Small Business Administration, 7(a) and 504 approvals
- 6U.S. Census Bureau, County Business Patterns 2022
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