SBA Construction and Funding Specialist

First United Bank; Durant (OK); On-site; USD 60,000 - 90,000; Full time

Job summary

First United Bank in Durant, OK seeks an SBA Construction and Funding Specialist to manage funding for SBA 7(a) and 504 loans, review contractor documentation, and ensure SBA and bank policy compliance.

The role emphasizes coordinating with borrowers, loan officers, vendors, and CDCs, while validating invoices, surveys, and occupancy certificates. A 2-year funding background and knowledge of AIA forms are preferred.

Qualifications

• High School Diploma or GED equivalent.
• College Degree Preferred.
• 2 years of experience construction loan funding.
• Knowledge of AIA documents.
• No SBA experience is required.

Responsibilities

• Reviews all construction documents prior to loan closing to ensure documents are satisfactory.
• Communicates with Borrowers and Loan Officers to gather necessary documents for loan disbursements.
• Examines contractor invoices, AIA documents (G702, G703), lien waivers, and other documentation to ensure alignment with project budgets, timelines, and SBA guidelines.
• Ensures all disbursements comply with the bank approval and SBA requirements.
• Orders and reviews inspection reports to verify project progress or completion.
• Coordinates with third party funds administration company if applicable.
• Communicates with CDCs for 504 loans as necessary during funding process and coordinates the debenture funding.
• Coordinates obtaining items to complete funding process including final surveys, completion certificates, certificates of occupancy, insurance certificates, etc.
• Possesses ability to meticulously review documentation and identify discrepancies.
• Has strong communication and interpersonal skills and ability to effectively communicate with various parties involved in the disbursement process.
• Possesses problem-solving skills and ability to identify and resolve issues related to disbursement requests.
• Possesses an understanding of required permits and permitting , construction required insurances, surveys
• Creates and maintains funding status reports for management.

Skills

Communication

Interpersonal skills

Education

High School Diploma or GED

College Degree Preferred

2 years of experience construction loan funding

Knowledge of AIA documents

Tools

Microsoft Word

Excel

Job description

Join Our Team!

We have a great team of friendly, talented and inspiring people at First United. As a learning organization, we take pride in offering exciting opportunities for employees to grow and follow their passions. That’s one of the many reasons First United has been voted as one of the top places to work in Oklahoma since 2009! Browse this page to find out more about the First United culture and the many benefits of working here. Then, use our “Get Started” section to take your first step to being a part of First United.

The Position

Job Title

SBA Construction and Funding Specialist

Job Description

SUMMARY

This position is responsible for handling the funding process for SBA 7(a) and 504 construction and non-construction loans and for ensuring compliance with Small Business Administration (SBA) requirements and bank loan policy requirements. This involves overseeing the review and qualification of contractor and project analysis, reviewing and processing draw requests, verifying documentation, and coordinating with various parties involved in the construction project.

MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)

• Reviews all construction documents prior to loan closing to ensure documents are satisfactory.
• Communicates with Borrowers and Loan Officers to gather necessary documents for loan disbursements.
• Examines contractor invoices, AIA documents (G702, G703), lien waivers, and other documentation to ensure alignment with project budgets, timelines, and SBA guidelines
• Ensures all disbursements comply with the bank approval and SBA requirements.
• Orders and reviews inspection reports to verify project progress or completion.
• Coordinates with third party funds administration company if applicable.
• Communicates with CDCs for 504 loans as necessary during funding process and coordinates the debenture funding.
• Coordinates obtaining items to complete funding process including final surveys, completion certificates, certificates of occupancy, insurance certificates, etc.
• Possesses ability to meticulously review documentation and identify discrepancies.
• Has strong communication and interpersonal skills and ability to effectively communicate with various parties involved in the disbursement process.
• Possesses problem-solving skills and ability to identify and resolve issues related to disbursement requests.
• Possesses an understanding of required permits and permitting , construction required insurances, surveys
• Creates and maintains funding status reports for management.

ADDITIONAL DUTIES AND RESPONSIBILITIES

• Demonstrates outstanding interpersonal, technical, problem solving, and written communication skills.
• Completes all required compliance exams on a yearly basis.
• Adherence to all First United Policies and Procedures.
• Performs other related duties as required and assigned.
• Dresses Professionally.

EMPLOYEE SPECIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Work Experience

• High School Diploma or GED equivalent.
• College Degree Preferred.
• 2 years of experience construction loan funding.
• Knowledge of AIA documents.
• No SBA experience is required.

Technical/Functional Competencies

• Proficiency in Microsoft Word and Excel.

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by supervisor to meet the ongoing needs of the organization.

All Locations:

Durant-Corporate, Edmond, Moore, Plano-Parkwood

If any applicant is unable to complete an application or respond to a job opening because of a disability, please email us at [e-mail] for assistance.

First United is an Equal Opportunity Employer. To the extent required by Federal or State law, First United does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, or any other characteristic protected by law.