SBA Business Lending Specialist
Location
North Carolina + 1 moreAll locations: North Carolina | Virginia
Posted
1 day ago
Salary
0
Seniority
Senior
Job Description
SBA Business Lending Specialist
TowneBank
• Develops new loan volume via the SBA and USDA B&I Loan Programs. • Requires continuous marketing efforts to establish contacts and leads to generate a strong referral network. • Establishes effective work processes with external/internal partners to identify new SBA prospects, convert prospects to applications, and manage loans through the credit and closing processes. • Reads and understands the SBA Standard Operating Procedures (SOP). • Develops a successful business plan. • Works independently without daily supervision. • Develops marketing strategies using all available tools and resources to identify markets to penetrate new business. • Builds a contact base of at least 1,000 current and potential referral sources. • Reviews the entire loan process from application to closing, sets and manages expectations. • Develops and nurtures effective working relationships with internal partners. • Provides a complete and well-thought-out package to credit. • Ability to source over $2,500,000 per month in new loan application volume. • Implements excellent time management. • Keeps borrowers/business partners and referral sources well informed and sets/maintains the proper expectations. • Works in conjunction with conventional bankers for referrals and supports their customers’ needs. • Analyzes business and personal tax returns, financial statements, and financial data required for loan applications. • Ability to identify closing issues that may negatively impact a loan request. • Assists in closing and in the collection of needed documentation.
Job Requirements
- Bachelor’s degree in business, finance, or equivalent experience.
- A minimum of 5+ years’ banking experience in Guaranteed Government lending.
- Previous business development experience is essential.
- Deep knowledge of the SBA’s SOP, and related regulations.
- Network of people and resources within the SBA and related organizations.
- Knowledge and ability to use SBA systems are necessary to perform under the bank’s PLP SBA status.
- Ability to coach and develop staff.
- Ability to think strategically about staff, competitive position relative to a market, and plan actions accordingly.
- Knowledge of business development planning and management at an office level.
- Skilled in managing the risk management controls and activities of a lending office.
- Thorough knowledge of lending policies and procedures.
- Extensive knowledge of commercial banking services.
- Excellent managerial, communication, and sales skills.
- Proficient in computer software, fulfilling the principal responsibilities of the job.
- Familiarity with online computer systems.
- Proficient with statement spreading programs.
Benefits
- Health insurance
- 401(k) matching
- Flexible work hours
- Paid time off
- Professional development opportunities
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