SBA Closer

SBA Closer

Location: California Job Type: Full-Time | Exempt | Hybrid/Remote Eligible Salary Range: $75,000 – $105,000 per year

Commercial Bank of California (CBC) is the largest Latino-owned bank in California and a certified Minority Depository Institution (MDI). Headquartered in Irvine and founded in 2003, CBC is one of the largest privately held banks in the state, with over $3.5 billion in assets as of December 2025.

We are a purpose-driven financial institution committed to building long-term relationships and delivering innovative, personalized banking solutions. Our leadership reflects the diverse communities we serve, and our mission is rooted in empowering entrepreneurs, business owners, and community leaders to thrive.

As a certified MDI, CBC is proud to play a vital role in advancing financial inclusion and economic opportunity. We believe in a higher vision for banking—one that prioritizes trust, collaboration, and community impact. Join us and be part of a team that's redefining what it means to be a community-focused, relationship-driven bank that puts people over profits.

Job Summary

Responsible for processing, closing and coordinating SBA loan requests to ensure compliance with SBA regulations and bank policies. Duties include verifying borrower eligibility, preparing and reviewing loan documentation, ordering third party reports, and managing pre- and post-closing requirements. The SBA Loan Closer plays a key role in supporting the lending team by ensuring timely and accurate loan closings.

Essential Duties and Responsibilities

• Process new and existing SBA loan request, including 7(a), Express, and 504 loans, in accordance with SBA SOP guidelines and approved credit memo.
• Enter and update loan in E-Tran, ensuring accuracy of all required data and loans meet all SBA and federal regulatory requirements before submission.
• Review approved credit memo, prepare checklists of missing items and verify that all required documentation is received, reviewed, and properly executed.
• Verify IRS transcripts for borrower tax compliance before closing.
• Verify borrower and affiliate eligibility, order and review compliance checks, including: SAM.gov. CAIVRS Checks, and OFAC searches.
• Prepare and review loan closing documents to ensure all conditions are satisfied and documents are fully executed prior to funding.
• Order and track services needed to complete the loan process, including, but not limited to, UCC Searches and filings, Certificate of Good Standings, CIP Verification, Real Estate Tax Service, etc.
• Review UCC Searches and preliminary title reports to verify lien positions and identify existing liens prior to closing.
• Order and track payoff demands for existing liens, loans, and obligations to ensure accurate payoff amounts and proper lien releases prior to funding.
• Review flood determination certificates.
• Order and review insurance certificates to ensure coverage is compliant with SBA and bank requirements.
• Coordinate the closing borrower, underwriter, BDO, title and escrow companies, review settlement statements to ensure proper disbursement of loan, and resolve outstanding pre-closing issues with internal staff, title and escrow.
• Close and disburse loan proceeds in accordance with federal laws, Bank policy, regulations, and approved credit approval.
• Maintain accurate electronic loan files according to SBA and bank standards.
• Maintain tickler system to ensure timely receipt of collateral documents post loan closing including, but not limited to recorded documents, final title policy, UCC filings/post searches, vehicle titles and deposit collateral hold.
• Track receipt of recorded lien releases and payoff confirmations to confirm all prior obligations have been cleared.
• Maintain third-party fee worksheets/logs to ensure vendors are paid promptly
• Assist borrowers and Bank personnel with inquiries pertaining to loan documents; and handle related correspondence and telephone inquiries related to same.
• Research and correct loan exceptions as directed, including audit exceptions.
• Comply with bank policies/procedures and regulatory requirements including Bank Secrecy Act – Anti Money Laundering, OFAC, USA Patriot Act, Privacy Act, and Community Reinvestment Act
• Perform duties to ensure proper identification and information gathering of all parties subject to Customer Information Program (CIP) and Customer Due Diligence Programs.
• Perform other duties as assigned.
• Consistently applies good decision making techniques pertaining to inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
• Responds to inquiries or refers inquiries to the appropriate department or person and exhibiting the necessary follow-through with customers and/or staff involved.
• Assumes responsibility for various department functions in the absence of staff members or in overload situations as needed.
• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
• Demonstrates knowledge of and adherence to Equal Employment Opportunity (EEO) policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one's own actions and conduct.

Minimum Qualifications

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

Education/Training/Experience:

Required: Bachelor's degree in business administration/finance, Accounting or related field and 5+ years related experience, or equivalent combination of education and experience

Knowledge:

• Knowledge of SBA loan programs (7(a), Express, 504) and SBA SOP 50 10.
• Minimum of three years of SBA or commercial banking experience, preferably client-facing.
• Proficiency with E-Tran for SBA loan submissions and reporting.
• Ability to conduct and analyze SAM.gov, CAIVRS, and OFAC searches.
• Strong understanding of loan documentation, including title policies, UCC filings, flood and collateral documents.
• Experience with loan documentation, including outside counsel-prepared loan documentation.
• Exceptional attention to detail and follow-through on complex transactions.
• Excellent written and verbal communication skills.
• Ability to handle demanding workloads with strong time management and organizational skills.
• Proficiency with Microsoft Office, particularly Excel and Word.
• Strong interpersonal skills and the ability to work collaboratively with internal and external partners.
• Ability to accept constructive feedback and follow policies, work rules, and directions.
• High school diploma or GED equivalent required.
• Three to five years' experience in SBA/commercial banking/lending area preferred.

Abilities:

• Technologically proficient in MS Office software and industry specific software.
• Detail oriented with strong organizational and follow-through.
• Lead and motivate employees to complete tasks in accordance with established standards
• Research and analysis techniques to resolve issues
• Ability to work effectively in a team or independently

Benefits & Perks

• Competitive employer contribution to medical, dental and vision coverage
• 401k plan with employer match
• Flexible Spending Accounts (FSA) and Dependent Care Accounts
• Employee Assistance Program (EAP)
• Employer provided Calm subscription
• Employer provided mental health benefits through Teladoc
• Life, AD&D and disability insurance
• Minimum 15 Days of Vacation, 11 Paid Federal Holidays, Paid Time off to Volunteer
• Online discount program
• Tuition Reimbursement Program