Beneficial State Bank pursues economic justice and environmental sustainability by focusing on change-makers that need loan capital, such as:
Support Diverse and Distributed Ownership
Businesses and nonprofits that are owned by people from under-served and historically oppressed groups can help build wealth and power for these individuals and communities
Mission-driven Ownership Structures
Nonprofit organizations, worker-owned cooperatives, benefit corporations, Social Purpose corporations, and similar business models put people and planet before profit
Mission-driven Core Products & Services
Nonprofits and businesses whose core products or services are intended to improve the lives of people and communities and/or support environmental sustainability. We’ve articulated several key mission product and service sectors, as shown in the mission chart in this section
Mission-driven Corporate Practices
We seek borrowers that purposefully support people and planet through their corporate practices, such as the provision of living wages and benefits, well-being opportunities for staff, sustainability practices and policies, and community service programs. These practices are often recognized through certifications and labels such as B Corp, Green Business, JUST, LEED, and others
Providing credit to constructive businesses and non-profits -- especially those boosting entrepreneurial activity in inner cities, following and strengthening wellness models, or reconnecting vital rural/urban dependencies -- is our main business. Credit allows these beneficial activities to grow and scale. We also believe that a healthy environment is the only reliable foundation for economic prosperity. Finally, the Bank must be a catalyst for positive change in our communities by providing fair, transparent, and sustainable banking products and services as alternatives to more predatory practices that otherwise unwind the benefits of our lending practice.
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