SBA Business Lending Specialist

Location

North Carolina + 1 moreAll locations: North Carolina | Virginia

Posted

1 day ago

Salary

0

Seniority

Senior

Bachelor Degree5 yrs expEnglish

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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