Beneficial State Bank
OAKLAND, CA 94612
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Lessors of Nonresidential Buildings (except Miniwarehouses)
- Full-Service Restaurants
- Lessors of Other Real Estate Property
- Services for the Elderly and Persons with Disabilities
- Specialized Freight (except Used Goods) Trucking, Local
Quick Summary
Beneficial State Bank is an SBA-approved lender headquartered in OAKLAND, California. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 51 SBA 7(a) loans totaling $46.0M, with an average loan size of $903K. They serve businesses across 3 states.
About Beneficial State Bank
Beneficial State Bank is an SBA-approved lender headquartered in OAKLAND, California. Since 2020, they have approved 51 SBA 7(a) loans totaling $46.0M, with an average loan size of $903K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 3 states.
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Frequently Asked Questions
Is Beneficial State Bank an SBA Preferred Lender?
Yes, Beneficial State Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Beneficial State Bank approved?
According to SBA FOIA public records, Beneficial State Bank has approved 51 SBA 7(a) loans totaling $46.0M since 2020. Their average loan size is $903K.
What states does Beneficial State Bank serve?
Beneficial State Bank serves businesses in 3 states: California, Oregon, Washington.
How do I apply for an SBA loan with Beneficial State Bank?
To apply for an SBA 7(a) loan with Beneficial State Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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