Beneficial State Hosts Money on a Mission Series
Beneficial State Bank has been giving back to the community with an outreach program called Money on a Mission, which connects local small businesses and entrepreneurs to local capital providers. Demand for the events has been high, with over 200 attending the October gathering. Beneficial Co-CEO Kat Taylor said there is a need for loans many banks simply have to pass on. “Banks need three sources of repayment, which is hard for a start-up to demonstrate... These obstacles are the reasons we started this series—to connect small business owners to alternative, mission-aligned capital, like crowd funding platforms and peer-to-peer lending platforms—to bridge the gap and help them grow their businesses.”