Beneficial State Bank and online alternative lender LendUp have partnered to bring a new type of loan to customers in California, Oregon and Washington. The new product, the Personal Builder Loan, is a responsible alternative to traditional payday loans. It is intended to help customers meet their short-term liquidity needs while building their credit. The product features higher loan amounts than typical payday loans, repaid over multiple months with payments reported to credit bureaus. "This is the next step in Beneficial State Bank's five year exploration of an alternative to predatory loans that is sustainable for both the provider and the borrower," explained Kat Taylor, Co-Founder and Co-CEO of Beneficial State.