-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 PmLVS2Vrk5TpIwszHNXgjpJEv/SyiMzLwUjsTtyzEV2mHdx3hTuTdYX3t2mzX2wS
 d7gFi+3IKqUQ2mSqVLMMjw==

<SEC-DOCUMENT>0001100455-09-000004.txt : 20090612
<SEC-HEADER>0001100455-09-000004.hdr.sgml : 20090612
<ACCEPTANCE-DATETIME>20090612122520
ACCESSION NUMBER:		0001100455-09-000004
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090612
DATE AS OF CHANGE:		20090612
EFFECTIVENESS DATE:		20090612

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BENEFIT FINANCIAL GROUP INC
		CENTRAL INDEX KEY:			0001100455
		IRS NUMBER:				710824896
		STATE OF INCORPORATION:			AR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-117038
		FILM NUMBER:		09888912

	BUSINESS ADDRESS:	
		STREET 1:		8300 PHOENIX AVENUE
		CITY:			FORT SMITH
		STATE:			AR
		ZIP:			72903
		BUSINESS PHONE:		479-484-7000

	MAIL ADDRESS:	
		STREET 1:		8300 PHOENIX AVENUE
		CITY:			FORT SMITH
		STATE:			AR
		ZIP:			72903
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001100455</cik>
        <entityName>BENEFIT FINANCIAL GROUP INC</entityName>
        <issuerAddress>
            <street1>8300 PHOENIX AVENUE</street1>
            <street2></street2>
            <city>FORT SMITH</city>
            <stateOrCountry>AR</stateOrCountry>
            <zipCode>72903</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>479-484-7000</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>ARKANSAS</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOE</firstName>
                <middleName>B.</middleName>
                <lastName>EDWARDS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7305 KENSINGTON COURT</street1>
                <street2></street2>
                <city>FORT SMITH</city>
                <stateOrCountry>AR</stateOrCountry>
                <zipCode>72903</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>EARNEST</firstName>
                <middleName>R.</middleName>
                <lastName>COLEMAN, JR.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9405 MOODY ROAD</street1>
                <street2></street2>
                <city>FORT SMITH</city>
                <stateOrCountry>AR</stateOrCountry>
                <zipCode>72903</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>LEO</firstName>
                <middleName>A.</middleName>
                <lastName>ANHALT</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>934 SOUTH 68</street1>
                <street2></street2>
                <city>FORT SMITH</city>
                <stateOrCountry>AR</stateOrCountry>
                <zipCode>72903</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>CARL</firstName>
                <middleName>R.</middleName>
                <lastName>FRIDDLE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6104 PARK AVENUE</street1>
                <street2></street2>
                <city>FORT SMITH</city>
                <stateOrCountry>AR</stateOrCountry>
                <zipCode>72903</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>MICHAEL</firstName>
                <middleName>K.</middleName>
                <lastName>GIBSON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10009 FOXBORO ROAD</street1>
                <street2></street2>
                <city>FORT SMITH</city>
                <stateOrCountry>AR</stateOrCountry>
                <zipCode>72903</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>GEORGE</firstName>
                <middleName>R.</middleName>
                <lastName>JACOBS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>304 RIVERCREST DRIVE</street1>
                <street2></street2>
                <city>FORT SMITH</city>
                <stateOrCountry>AR</stateOrCountry>
                <zipCode>72903</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOHN</firstName>
                <middleName>R.</middleName>
                <lastName>TAYLOR</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2401 CROSS HILL ROAD</street1>
                <street2></street2>
                <city>FORT SMITH</city>
                <stateOrCountry>AR</stateOrCountry>
                <zipCode>72908</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial Banking</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1,000,001 - $5,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-04-28</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>85000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>NONE</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>N/A</street1>
                    <street2></street2>
                    <city>N/A</city>
                    <stateOrCountry>AR</stateOrCountry>
                    <zipCode>00000</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AR</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>3000000</totalOfferingAmount>
            <totalAmountSold>2240580</totalAmountSold>
            <totalRemaining>759420</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>36</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>BENEFIT FINANCIAL GROUP INC</issuerName>
                <signatureName>JOE EDWARDS</signatureName>
                <nameOfSigner>JOE EDWARDS</nameOfSigner>
                <signatureTitle>PRESIDENT</signatureTitle>
                <signatureDate>2009-05-04</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----