Business Development Officer

Job Description

Job Description

Company Overview: LoanBud is a dynamic and growing company dedicated to empowering small businesses through financial support. Our mission is to provide essential financing, focusing on SBA and other business loans, to help small businesses thrive. We pride ourselves on our team-oriented colleagues, opportunities for growth, and a strong commitment to supporting the backbone of the economy - small businesses. 

Role Specifics: As a Business Development Officer at LoanBud, your primary responsibilities will include: 

• Developing and maintaining relationships with referral partners. 
• Actively prospecting, marketing, structuring, and originating new SBA and other business loans. 
• Establishing and maintaining a network of referral sources to attract potential SBA borrowers. 
• Maintaining in-depth knowledge of SBA products and staying informed about competitors and competitive products. 

Target Goals: Achieve a minimum funded volume of $1MM per month. 

Client Focus: Assist small businesses nationwide in securing funding for their ventures. 

Qualifications and Experience:  

• Preferred educational background: Bachelor’s degree. 
• Minimum 3 years of experience in business development or a similar sales field. 
• Knowledge of SBA lending is a significant advantage. 

Skills and Competencies:  

• Excellent communication and organizational skills. 
• Proficiency in sales persuasion, active listening, and time management. 
• Strong product knowledge and relationship-building skills. 
• Critical thinking and strategic planning abilities. 
• Familiarity with SBA loan programs and business loans. 

Location and Travel Requirements:  

• This is an in-office position based in New York City. 
• Occasional travel for conferences and trade shows. 

Compensation and Benefits:  

• Competitive base salary plus commission. 
• Bi-monthly commission based on funded loan volume. 
• Comprehensive benefits package including health, dental, and vision insurance. 
• Paid time off and 401(k) with company match. 

Company Culture and Work Environment: LoanBud offers a welcoming, collaborative, and innovative work environment. Our culture is fast-paced, friendly, and team-oriented, with a positive atmosphere. We are committed to internal growth and actively promote from within as the company expands. 

Join LoanBud in our journey to become the nation’s leading lender for SBA and other small business loans. This is an exciting opportunity to play a pivotal role in the success of small businesses across the country.