SBA Business Development Officer

M&F Bank NC; Raleigh (NC); On-site; USD 60,000 - 90,000; Full time

Job summary

A leading bank in North Carolina is seeking an SBA Business Development Officer I to originate and manage SBA loans. This role involves assessing applications, ensuring compliance, and providing exceptional service to small business clients. The ideal candidate will have a strong background in SBA lending and business development, contributing to the bank's growth and client success.

Qualifications

• 5 years SBA lending experience or equivalent.
• Minimum 3 years in business, commercial lending.
• Excellent knowledge of SBA loan processing and regulations.

Responsibilities

• Originate, underwrite, and close SBA loans.
• Manage and market loan products to eligible businesses.
• Analyze and segment SBA portfolios for risk evaluation.

Skills

Business development strategies

SBA loan processing

Networking and sales

Education

Bachelor’s degree

Job description

The SBA Business Development Officer I is responsible for originating, underwriting, and closing Small Business Administration (SBA) loans to support local businesses in achieving their financial goals. This role involves assessing loan applications, conducting due diligence, and ensuring compliance with SBA regulations while providing exceptional customer service. The SBA Lender collaborates with internal teams and external partners to develop tailored financing solutions that meet the needs of small business clients.

• Conceptualizes, develops, and implements strategies for developing perspective business accounts to achieve loan goals.
• Manages and markets loan products and services to Small Business Administration (SBA) loan eligible businesses with emphasis on client contact, origination, and analysis.
• Leverages effective networking and sales capabilities to meet bank goals.
• Responsible for analyzing and segmenting SBA portfolios to evaluate risk and performance to risk expectations.
• Monitors the SBA loan portfolio to identify problem loans and loans with deteriorating credit situation. Takes immediate action to address and correct the situation. In addition, maintains close knowledge of each client’s business accounts, and loans to avoid and minimize associated risk.
• Ensure compliance with applicable federal, state and local laws and regulations, agency guidelines and organization policies.
• Advises Chief Lending Officer on external factors that may affect establishment of lending policies, such as new or revised legislation and regulations. Recommends and implements appropriate changes to established policies and procedures.

GENERAL QUALIFICATIONS

Knowledge: Bachelor’s degree or equivalent of 5 years SBA lending experience. Excellent knowledge and understanding of SBA loan processing, procedures, and due diligence is required. Comprehensive understanding of business development strategies, techniques, and business operations required. Knowledge of all applicable lending and other regulations governing business loans.

Experience: A minimum of three years of experience in business, commercial lending is required.