SBA Closing Specialist

Lenders Cooperative; United States; Remote; USD 75,000 - 115,000; Full time

Benefits offered by this job

Competitive salary

Health coverage (dental & vision)

Remote work options

Unlimited PTO and holidays

Growth-minded environment

Job summary

Lenders Cooperative seeks an SBA Closing Specialist to prepare and review SBA 7(a) loan closing documents, coordinate with borrowers and third parties, and ensure all closing packages meet SOP and lender standards.

The role emphasizes meticulous documentation, timely closing, and regulatory compliance, with opportunities to mentor teammates and improve processing workflows. Remote work options may be available.

Qualifications

• Bachelor’s degree or equivalent work experience in business/finance.
• Experience with SBA loan closings and document preparation.
• Knowledge of SBA 7(a) guidelines and SOP 50 10.

Responsibilities

• Prepare and review SBA loan closing documents for compliance with SBA guidelines and lender requirements.
• Compile loan packages and ensure completeness for SBA submission and review.
• Coordinate with borrowers, lenders, and third parties (title companies, attorneys).
• Analyze borrower information and documents to validate loan purposes and sources/uses of funds.
• Manage closing timelines and ensure conditions are met; coordinate final documents for signatures.
• Perform compliance checks (CAIVRS, SAM.gov) to verify eligibility to do business with the federal government.
• Collaborate with underwriters to address pre-closing requirements and issues.
• Maintain organized loan files and ensure proper record-keeping for compliance.
• Assist with post-closing activities and transition to loan servicing.
• Identify process improvements to enhance efficiency and borrower satisfaction.
• Mentor new team members on SBA requirements and best practices.

Skills

SBA closing knowledge

Attention to detail

Organizational skills

Communication skills

Team collaboration

Problem-solving

Education

Bachelor’s degree in business/finance

Tools

SBA loan processing software

Job description

Lenders Cooperative is a forward-thinking group of former bankers, investment bankers, and technologists who recognize the need for better innovation and solutions to support financial institutions’ commercial lending efforts. Our core mission is to help these institutions focus on their true strengths. Joining Lenders means being part of a mission-driven team that values innovation, collaboration, and a commitment to excellence. If you thrive in high-pressure environments where urgency meets creativity and where every challenge is an opportunity to create impact, then continue reading.

Lenders Cooperative seeks an SBA Closing Specialist who will assist the lender by preparing and reviewing loan closing documentation for compliance with SBA 7(a) guidelines, policies, and procedures. This role involves verifying that all loan approval conditions have been met, coordinating with borrowers and third parties, and ensuring the accuracy and completeness of closing packages. The SBA Closing Specialist ensures all documents align with SBA SOP requirements and lender standards. Strong attention to detail, organizational skills, and knowledge of the SBA 7(a) program are essential for success in this position.

Key Objectives

• Loan Documentation Preparation: Prepare and review SBA loan closing documents for compliance with SBA guidelines and lender requirements, ensuring accuracy and completeness in every document.
• Loan Processing and Packaging: Compile and organize loan application documents, such as financial statements, tax returns, and personal financial statements, into complete and compliant loan packages for SBA submission and review. Ensure packages meet SBA standards and address any documentation gaps or inconsistencies.
• Coordination and Communication: Act as a primary contact for borrowers, lenders, and third parties (e.g., title companies, attorneys) throughout the loan process. Provide updates, answer questions, and coordinate documentation to ensure smooth transitions across application, processing, and closing stages.
• Review and Analysis of Loan Packages: Analyze borrower information and supporting documents, including purchase agreements, budgets, and FF&E costs, to validate the loan’s intended purpose and sources/uses of funds.
• Closing Process Management: Manage the closing timeline by tracking loan status and following up with internal and external parties to ensure closing deadlines are met. Confirm all closing conditions are satisfied and coordinate the preparation of final closing documents for borrower signatures.
• Compliance and Regulatory Checks: Perform and/or review compliance checks, including CAIVRS for federal debt delinquencies and SAM.gov reports for debarment status. Ensure all parties involved are eligible to conduct business with the federal government.
• Coordination with Underwriting Team: Collaborate with underwriters to address pre-closing requirements, including handling additional documentation requests or issues to maintain compliance with SBA and lender policies.
• File Management and Record-Keeping: Maintain organized and complete loan files, ensuring all closing and processing documentation is accurately recorded and retained for compliance purposes.
• Post-Closing Support: Assist with post-closing procedures, including submitting final disbursement documentation and ensuring all documents are properly transitioned to loan servicing.
• Process Improvement: Identify opportunities to enhance the efficiency and accuracy of loan processing, packaging, and closing procedures. Provide feedback to the management team to help improve processes and lender/borrower satisfaction.
• Training and Mentorship: Serve as a resource and mentor for new team members, offering guidance on SBA requirements, documentation standards, and best practices for efficient loan processing and closing.

What We’re Looking For:

• Candidate must be within a 3 hour driving distance from the Birmingham Office.
• Bachelor’s degree in business, finance, or related field or relevant work experience
• Minimum 2-4 years of experience in SBA loan closing or commercial lending
• In-depth knowledge of SBA 7(a) loan program guidelines and regulations (SOP 50 10)
• Strong understanding of loan documentation, closing procedures, and legal terms
• Experience with SBA loan processing software and document management systems preferred
• Excellent attention to detail and accuracy in document preparation and review
• Strong organizational skills with the ability to manage multiple priorities and deadlines
• Excellent communication and interpersonal skills to collaborate with clients, lenders, and third-party vendors
• Ability to work independently and as part of a team in a fast-paced environment
• Strong problem-solving skills and ability to resolve issues promptly
• Knowledge of legal and regulatory requirements related to loan closings

Benefits:

• Competitive salary and performance-based bonuses
• Comprehensive health coverage, plus free dental and vision
• Flexible hours and fully remote work options
• Unlimited PTO and company holidays
• Collaborative, inclusive, and growth-minded environment

Lenders is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate our employees' unique differences because that drives curiosity, innovation, and the success of our business. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, disability status, pregnancy, parental status, genetic information, political affiliation, or any other status protected by the laws or regulations in the locations where we operate. Accommodations are available for applicants with disabilities.