INTERVIEW: Kat Taylor, Beneficial State Bank | Beneficial to All, Harmful to None
Tony Loyd
Monday, August 15, 2016
Can a bank be beneficial to all and harmful to none?
Does your bank do only good and no harm? Do you know? Beneficial State Bank aims to bank in a way that is beneficial to all and harmful to none. It’s more than a platitude. They proactively measure themselves against goals such as how many affordable housing units they have financed, how many kilowatt hours of clean energy their loans have produced and how many millions of dollars they have loaned non-profits.
Kat Taylor and her husband set out to create a business that would do social good with a sustainable business model. So far, they seem to be doing quite well.