SBA 504 Loan Officer

CDC Small Business Finance; Riverside (CA); Remote; USD 92,000 - 110,000; Full time

Job summary

A community-focused financial organization in Riverside, CA is seeking an SBA 504 Loan Officer. The ideal candidate will market the SBA 504 loan program, connect with businesses, and ensure adherence to funding protocols. This role allows for remote work while requiring in-person community engagement. Candidates must have a bachelor's degree and at least 3 years of relevant experience. Competitive salary offered with commission eligibility.

Benefits

Eligible for commission

Professional development opportunities

Qualifications

• Minimum of 3 years of experience with licensed Community Development Corporations in the SBA 504 sector.
• Ability to secure at least $10 million in gross bond debenture approvals annually.
• Familiarity with commercial business and real estate loan structuring.

Responsibilities

• Promote CDC's services to banks, small businesses, and government agencies.
• Develop and maintain a continuous loan pipeline.
• Oversee loan file processing and collaborate across departments.

Skills

Communication skills

Sales and marketing capabilities

Project management skills

Time management

Public speaking

Education

Bachelor's degree in business or public administration

Job description

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Base pay range

$92,660.00/yr - $110,000.00/yr

About The Organization
The Momentus Capital branded family of organizations - which includes Capital Impact Partners, CDC Small Business Finance and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member) - are transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial, knowledge, and social capital, we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions. Our holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents - and our country - thrive.

Position Summary
The SBA 504 Loan Officer (LO) plays a crucial role in the marketing and promotion of the SBA 504 loan program, with a primary focus on designated markets. This position involves not only understanding the intricacies of the financing options available but also actively reaching out to potential candidates and businesses that could benefit from these funding opportunities. While the LO has the wonderful advantage of working remotely, it is important to connect with the community in person. This means we are looking for someone who is proactive and self-driven, able to manage tasks and time without continuous supervision. The ideal candidate will excel in an independent work setting and value being present and engaged with the community. Candidates are ideally located in Southern California.

Essential Responsibilities

• Promote and market CDC's business services to banks, small businesses, brokers, developers, and government agencies in the assigned markets, utilizing the small business lending programs and other lending products offered by CDC
• Develop and sustain a continuous loan pipeline
• Deliver presentations to groups and individuals, representing CDC at various business and industry events
• Identify, engage, and pre-screen potential borrowers to discuss our suite of loan programs and solutions
• Oversee loan file processing while collaborating with support personnel across departments
• Pre-qualify, gather, structure, and evaluate loan applications for eligibility, creditworthiness, and repayment capacity per CDC credit guidelines and SBA SOPs
• Draft narratives on history, economic benefits, collateral, and other components for the Loan Officer sections within CDC's loan program software (Ventures) to populate credit memoranda and SBA 504 loan documents
• Stay informed about and ensure CDC's adherence to SBA program requirements while aiding loan file processing
• Consult with management and legal counsel regarding issues pertaining to CDC loan programs and corporate services
• Collaborate with the Marketing team to enhance COI activities and elevate CDC's marketplace presence
• Facilitate collaboration with internal partners to develop loan solutions by referring business opportunities when suitable

Requirements

• A bachelor's degree in business or public administration, marketing, economics, finance, urban studies, or equivalent relevant experience in business finance or related field
• Minimum of 3 years of direct experience with licensed Community Development Corporations (CDCs) in the SBA 504 sector as a Sales/Business Development Officer, or at least 4 years of lending experience in SBA 504 in a similar capacity
• Ability to secure at least $10 million in gross bond debenture approvals annually
• Excellent communication skills, including proficiency in public speaking
• Familiarity with fundamentals of commercial business and real estate loan structuring and underwriting
• Demonstrated sales and marketing capabilities with ability to educate business owners, brokers, bankers, civic leaders, and financial professionals about lending programs
• Understanding of financial management principles and practices
• Experience presenting economic development and financing information to the public
• Self-motivated, adaptable, with strong time management and teamwork abilities
• Strong project management skills with ability to handle multiple projects under tight deadlines
• Willingness to travel within the market for business development; valid Driver's License in the designated market

Benefits

The salary range for this position is $92,660 - $110,000 and is eligible for commission.

This role is eligible to work remotely.

EEO: Momentus Capital is an equal opportunity employer and is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.

Additional information
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