SBA Construction Funding Expert

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

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.