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Beneficial State Bancorp, Inc.
Beneficial State Bancorp, Inc.
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 days
Can you get this?
✓Open to small businesses and nonprofits
✓501(c)(3) nonprofits served with tailored offerings
✓SBA Preferred Lender for qualifying businesses
Your real odds
Your approval depends on creditworthiness and mission alignment, not on beating out a fixed pool of competitors.
Beneficial State Bank is a CDFI that prioritizes borrowers in underserved communities and sectors like affordable housing, green energy, and small business, and applications are reviewed on a rolling basis the way standard commercial lending works.
What it takes
Connect with a banker about your needs1 to 2 days
Prepare loan documentation1 to 2 weeks
Submit application and undergo underwriting review2 to 4 weeks
Worth knowing
Beneficial State Bank holds SBA Preferred Lender status, which speeds up SBA loan approvals relative to non-preferred lenders, so if you are a B Corp or otherwise mission-driven, make that explicit in your conversations because it is part of who they are built to serve.
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