SBA Construction Loan Admin

U.S. Bank; Charlotte (NC); On-site; USD 69,000 - 81,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) plan

Paid vacation

Sick leave

Holiday pay

Parental leave

Adoption assistance

Job summary

U.S. Bank is seeking a professional to review, coordinate, and administer SBA construction and renovation loan transactions from approval through final servicing.

You will ensure compliance with SBA 7(a) / 504 requirements, and oversee disbursements and lien perfection for owner-occupied small business projects. You will partner with Relationship Managers, SBA Underwriters, and Loan Administrators, coordinating with borrowers, attorneys, and title companies while meeting authorization terms and

Qualifications

• Experience with SBA 7(a) and/or 504 construction/renovation loan transactions.
• Understanding of SBA eligibility, use-of-proceeds, lien and collateral requirements.
• Experience with loan closing, documentation review and post-closing loan management.

Responsibilities

• Review, coordinate, and administer SBA construction/renovation loan transactions.
• Ensure compliance with SBA program requirements, bank policy, and loan docs.
• Serve as liaison with borrowers, attorneys, title companies, and SBA service providers.

Skills

SBA lending knowledge

Construction loan admin

Relationship coordination

Notary Public readiness

Education

High school diploma

Bachelor's degree preferred

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

Job Description

Responsible for reviewing, coordinating, and administering Small Business Administration (SBA) construction and renovation loan transactions, ensuring compliance with SBA 7(a) and/or 504 program requirements, bank credit policy, and loan documentation standards. Protects the bank's interest by overseeing construction loan documentation, lien perfection, and the analysis, approval, and administration of construction draw disbursements from loan approval through project completion and final servicing conversion.

Construction loan activities support owner-occupied small business projects, including new construction, renovations, tenant improvements, and expansions for properties such as retail, office, industrial, mixed-use, and special-purpose facilities eligible under SBA guidelines. Residential exposure may include mixed-use properties where permitted by SBA program rules.

Works in close partnership with Relationship Managers, SBA Underwriters, and Loan Administrators, serving as the primary liaison with borrowers, attorneys, construction consultants, title companies, and SBA service providers throughout all phases of the construction and disbursement process. Ensures adherence to SBA authorization terms, eligibility requirements, use-of-proceeds limitations, and post-approval conditions. Must meet requirements to be commissioned as a Notary Public.

Basic Qualifications

High school diploma or equivalent

Typically two to three years of experience in commercial real estate loan administration, OR at least five years of transferable experience in commercial loan administration

Preferred Skills / Experience

Working knowledge of SBA lending programs (7(a) and/or 504), including construction, renovation, and leasehold improvement financing

Familiarity with SBA authorization terms, use-of-proceeds rules, lien and collateral requirements, and disbursement controls

Experience with construction draw administration, including budget review, third-party inspections, lien waivers, and title updates

Basic knowledge of commercial lending concepts such as collateral structures, multi-phase construction, and loans secured by multiple collateral properties

Technical expertise in loan closing, documentation review, and post-closing loan management

Basic knowledge of commercial finance, lending law, documentation, accounting principles, and loan data systems

Ability to meet requirements to be commissioned as a Notary Public

Bachelor's degree preferred

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants https://careers.usbank.com/global/en/disability-accommodations-for-applicants .

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)


• Basic term and optional term life insurance


• Short-term and long-term disability


• Pregnancy disability and parental leave


• 401(k) and employer-funded retirement plan


• Paid vacation (from two to five weeks depending on salary grade and tenure)


• Up to 11 paid holiday opportunities


• Adoption assistance


• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here https://careers.usbank.com/global/en/benefits/us .

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program https://careers.usbank.com/verification-of-eligibility-for-employment .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $68,850.00 - $81,000.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.