Business Development Officer

LoanBud; New York (NY); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

401(k) matching

Dental insurance

Health insurance

Paid time off

Vision insurance

Job summary

A financial services company in New York City is seeking a Business Development Officer to develop and maintain relationships with referral partners and originate new business loans. The ideal candidate should have a Bachelor's degree, at least 3 years in business development, and knowledge of SBA lending. They will work in a collaborative and fast-paced environment focused on empowering small businesses across the country.

Qualifications

• Minimum 3 years of experience in business development or a similar sales field.
• Knowledge of SBA lending is a significant advantage.
• Knowledge of SBA lending is a significant advantage.

Responsibilities

• Develop and maintain relationships with referral partners.
• Prospect, market, structure, and originate new SBA and other business loans.
• Establish and maintain a network of referral sources to attract potential SBA borrowers.
• Maintain in-depth knowledge of SBA products and competitors.

Skills

Excellent communication skills

Sales persuasion

Organizational skills

Active listening

Time management

Strong product knowledge

Relationship-building skills

Critical thinking

Strategic planning

Familiarity with SBA loan programs

Education

Bachelor's degree

Job description

Benefits

• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Company Overview

LoanBud is a dynamic and growing company dedicated to empowering small businesses through financial support. Our mission is to provide essential financing, focusing on SBA and other business loans, to help small businesses thrive. We pride ourselves on our team-oriented colleagues, opportunities for growth, and a strong commitment to supporting the backbone of the economy - small businesses.

Role Specifics

As a Business Development Officer at LoanBud, your primary responsibilities will include:

• Developing and maintaining relationships with referral partners.
• Actively prospecting, marketing, structuring, and originating new SBA and other business loans.
• Establishing and maintaining a network of referral sources to attract potential SBA borrowers.
• Maintaining in-depth knowledge of SBA products and staying informed about competitors and competitive products.

Target Goals: Achieve a minimum funded volume of $1MM per month.

Client Focus: Assist small businesses nationwide in securing funding for their ventures.

Qualifications and Experience

• Preferred educational background: Bachelor’s degree.
• Minimum 3 years of experience in business development or a similar sales field.
• Knowledge of SBA lending is a significant advantage.

Skills and Competencies

• Excellent communication and organizational skills.
• Proficiency in sales persuasion, active listening, and time management.
• Strong product knowledge and relationship-building skills.
• Critical thinking and strategic planning abilities.
• Familiarity with SBA loan programs and business loans.

Location and Travel Requirements

• This is an in-office position based in New York City.
• Occasional travel for conferences and trade shows.

Compensation and Benefits

• Competitive base salary plus commission.
• Bi-monthly commission based on funded loan volume.
• Comprehensive benefits package including health, dental, and vision insurance.
• Paid time off and 401(k) with company match.

Company Culture and Work Environment

LoanBud offers a welcoming, collaborative, and innovative work environment. Our culture is fast-paced, friendly, and team-oriented, with a positive atmosphere. We are committed to internal growth and actively promote from within as the company expands.

Join LoanBud in our journey to become the nation’s leading lender for SBA and other small business loans. This is an exciting opportunity to play a pivotal role in the success of small businesses across the country.