Socastee, SC · South · Allowed
Payday loans in Socastee
Socastee is governed by South Carolina's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in South Carolina. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Socastee
20,496 residents · Horry County Median household income is $39,384 — below the South Carolina median of $47,139.
| Nearest storefronts | Town | Phone |
|---|---|---|
| 1st Franklin Financial | Myrtle Beach 6 mi | (843) 294-1212 |
| Advance America | Myrtle Beach 6 mi | (843) 293-0184 |
| 1st Franklin Financial | Conway 11 mi | (843) 365-9056 |
| Advance America | Conway 11 mi | (843) 381-0678 |
| Coastal Member Services, LLC | North Myrtle Beach 20 mi | (843) 272-3001 |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the South Carolina page before visiting. Spot an error? Report it.
The online route in Socastee
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in South Carolina follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the South Carolina regulator.
The rules behind the numbers
Deferred presentment service agreements are short-term loans and are not intended to solve long-term financial problems.
In practice: borrow $300 for a standard term and the finance charge is $45 — $345 repaid at the end, about 391% APR. Every compliant lender in Socastee has to fit inside that schedule.
Statute: S.C. Code Ann. § 34-39-110 et seq.
Regulator: South Carolina State Board of Financial Institutions · bofi.sc.gov
Questions people ask in Socastee
Are payday loans legal in Socastee, SC?
Yes. Storefront payday lending is permitted across South Carolina, and Socastee runs under the same state rules: maximum loan $550, fees capped at 15% of face value of check ($15 per $100). A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Socastee?
The same as anywhere in South Carolina: state law sets the schedule. On a typical $300 loan the finance charge is about $45 — $345 repaid at the end of the standard term.
Which lenders have stores in Socastee?
Our 2022-02-20 directory snapshot lists no storefront lenders in Socastee — the closest listed locations are in Myrtle Beach, Conway, North Myrtle Beach.
Who regulates lenders in Socastee?
Complaints about a lender go to the South Carolina State Board of Financial Institutions (bofi.sc.gov) — keep the loan agreement and every fee disclosure you were given.