Loan Officer

Jersey Digs; Cranford (NJ); On-site; USD 65,000 - 80,000; Full time

Job summary

UCEDC, a nonprofit economic development corporation in New Jersey, seeks an experienced loan underwriter for small business lending. You will review applications, analyze credit and financial statements, underwrite loans, and prepare closing documents while staying current with SBA lending requirements and UCEDC SOPs.

The role reports to the Director of Microlending and offers a compensation range aligned with market norms in New Jersey.

Qualifications

• 3+ years small business lending experience at a bank or other financial institution.
• Experience analyzing credit reports and business tax returns/financial statements.
• Attention to detail and ability to handle multiple projects.
• Familiarity with SBA lending program requirements considered a plus.
• Good presentation skills, both verbal and written.

Responsibilities

• Review applications and discuss with potential borrowers.
• Analyze personal credit reports and business/personal cash flow and financial statements.
• Underwrite loan applications and submit for internal approval.
• Prepare loan documentation and follow up on closing.
• Maintain current knowledge of the SBA lending program requirements and SOPs as well as UCEDC lending program requirements.

Skills

Small business lending

Credit analysis

SBA lending requirements

Attention to detail

Verbal and written presentation

Job description

Company Description

UCEDC is a private, nonprofit economic development corporation dedicated to fostering small business growth and job creation across New Jersey since 1977. Specializing in providing financing options, including SBA microloans, we support entrepreneurs who may face challenges accessing conventional funding. As a Community Development Financial Institution (CDFI) and SBA lender, we focus on serving women, minority entrepreneurs, and those with limited credit or collateral. UCEDC also offers free and low-cost training programs, mentorship opportunities, and assistance with government procurement through our APEX office. Over the past decade, we have provided more than $20 million in loans, trained over 10,000 entrepreneurs, and helped clients secure $1.5 billion in government contracts.

Job Duties and Responsibilities

• Review applications and discuss with potential borrowers.
• Analyze personal credit reports and business / personal cash flow and financial statements.
• Underwrite loan applications and submit for internal approval.
• Prepare loan documentation and follow up on closing.
• Maintain current knowledge of the SBA lending program requirements and SOPs as well as UCEDC lending program requirements.

Job Skills/Requirements

• 3+ years small business lending experience at a bank or other financial institution.
• Experience analyzing credit reports and business tax returns/financial statements.
• Attention to detail and ability to handle multiple projects.
• Familiarity with SBA lending program requirements considered a plus.
• Good presentation skills, both verbal and written.

Accountability

• This position reports to the Director of Microlending.

Compensation

$65,000 – $80,000 / year