Beneficial State Bank
Beneficial State Bank is a community development bank founded in 2007 by Tom Steyer and Kat Taylor, headquartered in Oakland, CA. The FDIC-insured bank serves individuals and businesses in low-to-moderate income communities throughout California, Oregon, and Washington, with a mission focused on economic justice and environmental sustainability.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (3 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Beneficial State Bank ranks #330 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Beneficial State Bank’s 7(a) acquisition lending falls in the $0-$500K range: 1 loans, 33.3% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 1 | 33.3% | |
| $500K-$1M | 1 | 33.3% | |
| $1M-$2M | 1 | 33.3% |
Industries with highest loan volume
Offices of Optometrists
1
loans
$1.5M
avg. amount
Full-Service Restaurants
1
loans
$406K
avg. amount
Other Accounting Services
1
loans
$785K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Beneficial State Bank’s median variable rate is + 0.75%, against a market median of Prime + 1.88%, 113 below market.
1 of the 3 loans in its trailing three-year book carried a fixed rate; the rest were variable.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 0.75% |
| $500K-$1M | Prime + 0.75% |
over at time of loan origination
Beneficial State Bank has originated 7(a) acquisition loans in 2 states, most actively in California (2) and Oregon (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| California | 2 | 66.7% |
| Oregon | 1 | 33.3% |
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