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Commercial & Industrial

Approximately 40% of Beneficial State Banks (Beneficial State) historic commercial lending activity has been Commercial & Industrial loans to non-profit and for-profit borrowers. These commercial loans may be secured (other than by real estate) or unsecured, single-payment or installment; the loans include term loans and revolving lines of credit. The loans may be in the form of direct or purchased loans but predominantly they are direct. The primary use of the C&I loans is to accommodate cash flow and working capital, support the purchase of equipment, or provide accounts receivable financing. Term loans could be used to finance the purchase of business entities, business equipment, leasehold improvements, or for working capital. Commercial & Industrial create jobs and can also create wealth for entrepreneurs in the communities of greatest concern and elsewhere.

Small and medium-sized businesses are often under-capitalized and lack adequate collateral to support traditional commercial lending standards, thus limiting their growth opportunities. To unlock this challenge, Beneficial State utilizes all the government guarantee programs -- to date, federal program like SBA, USDA, and FSA, state programs like Norcal, and local ones like OBDC. Beneficial State is also applying for an allocation of New Market Tax Credits to finance clients who would otherwise not meet the Banks commercial underwriting standards.

 

To unlock this challenge, Beneficial State Bank utilizes all the government guarantee programs ‐‐
to date:

Our Philosophy

Beneficial-Banking-Directional-Street-Sign-One-PacificCoast-BankOur profits, when distributed, can only be distributed to our Foundation to support our community and environment. We believe this innovative structure will allow us to achieve our vision of Beneficial Banking.

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Customer-Ecologic-Bottle-One-PacificCoast-BankWe strive to provide capital to businesses & nonprofits that produce meaningful social justice and environmental outcomes. Learn more about our customers here!

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