SBA Business Development Officer (BDO)

Strivector; Phoenix (AZ); Hybrid; USD 70,000 - 100,000; Full time

Job summary

A leading staffing agency is seeking a passionate SBA Business Development Officer in Phoenix, AZ. This full-time role involves developing SBA lending opportunities, building relationships, and ensuring compliance. Ideal candidates have extensive SBA experience and a Bachelor's degree. Competitive compensation based on experience.

Benefits

Full relocation benefits

Qualifications

• Deep experience in SBA 7A and/or 504 programs required.
• 2-25 years of SBA Lending/Sales experience preferred.

Responsibilities

• Develop and cultivate new SBA lending opportunities.
• Generate new SBA 7A and 504 program loans.
• Ensure compliance with job-related laws and regulations.

Skills

SBA Lending

Financial Analysis

Networking

Education

Bachelor's Degree

Job description

Strivector Corp is a National Staffing and Recruiting agency established in 2012 and headquartered in Austin, Texas. We are a preferred partner for several Fortune 500 companies nationwide. Strivector has been consistently rated a rare 4.6 / 5 on Google, Indeed and Glassdoor by our candidates, customers, employees and contractors.

Elevate your professional journey with us. Strivector's premier client (a well-known market leader in their space) is hiring for the following full-time direct hire position.

POSITION OVERVIEW

As a SBA Business Development Officer your roles and responsibilities will include :

Develop and cultivate new SBA lending opportunities including both 7A and 504 loan programs. The BDO will build and network prospects utilizing both internal and external referral resources and follow up on marketing leads we supply. The primary focus includes sourcing and procuring SBA loan clients to drive portfolio growth. The BDO will gather loan applications, perform financial analysis of required cash flow, and present the package within credit policy requirements. This position will also provide financial counsel to current and prospective customers.

This position will establish relationships with an internal Business Banking Relationship Manager to deepen and expand on long term banking relationship(s). If interested, you may also originate non-SBA, C&I commercial business and CRE loans. Duties include :

• Generate new SBA 7a and 504 program loans from small business clients in accordance with established annual goals and objectives.
• Prescreen loans with knowledge of SBA for proper structure, conformity, and eligibility with respect to the applicable loan program.
• Identify opportunities to solve client issues by obtaining sufficient information from applicants to analyze the loan request appropriately.
• Maintain continual dialogue and close working relationship with other bank officers, centers of influence, referral resources, etc.
• Assist Business Banking team to cross-sell deposit, trade, cash management, asset management and other banking services.
• Responsible for developing a loan consideration memo for the credit department based on the information received from the prospect.
• Responsible for assisting client through the end-to-end loan process, assisting internal team members with obtaining all necessary documentation needed to close the transaction, and to follow up on any exceptions or account matters.
• Responsible for ensuring compliance with all aspects of job-related laws and regulations, including timely, and successful completion of all online or in-person training required.
• Participate in community and business functions / groups to provide a positive image for the bank within the marketplace. Establish referral contacts within the community. Attend local COI and SBA functions to establish presence and cultivate CDC relationships.

QUALIFICATIONS

Most importantly, you need to be a passionate SBA Business Development Officer who enjoys his work and is considered to be one of the best within your organization. The ideal SBA Business Development Officer would be someone with deep experience in many (if not all) of the following :

• Bachelor's Degree or equivalent experience preferred.
• SBA 7A and / or 504 experience required

We understand that even if you are a seasoned SBA Business Development Officer you may not have all the skills listed here.

ADDITIONAL INFORMATION

Compensation : Based on Experience. One of the best in the industry

Minimum Education : Bachelor's Degree or equivalent experience preferred.

Minimum Experience : 2-25 years of SBA Lending / Sales experience

Type of position : Full-time Permanent position with benefits

Location : Phoenix, AZ

Remote / Hybrid : Hybrid

Relocation accepted : Yes, Full relocation benefits are provided

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