SBA Construction Loan Admin

Job TitleAt 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 DescriptionResponsible 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 QualificationsHigh school diploma or equivalentTypically two to three years of experience in commercial real estate loan administration, OR at least five years of transferable experience in commercial loan administrationPreferred Skills / ExperienceWorking knowledge of SBA lending programs (7(a) and/or 504), including construction, renovation, and leasehold improvement financingFamiliarity with SBA authorization terms, use-of-proceeds rules, lien and collateral requirements, and disbursement controlsExperience with construction draw administration, including budget review, third-party inspections, lien waivers, and title updatesBasic knowledge of commercial lending concepts such as collateral structures, multi-phase construction, and loans secured by multiple collateral propertiesTechnical expertise in loan closing, documentation review, and post-closing loan managementBasic knowledge of commercial finance, lending law, documentation, accounting principles, and loan data systemsAbility to meet requirements to be commissioned as a Notary PublicBachelor's degree preferredIf 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.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 insuranceShort-term and long-term disabilityPregnancy disability and parental leave401(k) and employer-funded retirement planPaid vacation (from two to five weeks depending on salary grade and tenure)Up to 11 paid holiday opportunitiesAdoption assistanceSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by lawU.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.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 - $81,000.00U.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.Apply now