The Officer – SBA Business Development reviews required customer financial information and coordinates with SBA to provide a lending solution for the customer. Develops and structures loans and markets other banking products and services to Small Business Administration (SBA) eligible small and medium sized businesses. Being an Officer – SBA Business Development requires a bachelor’s degree. Structures the SBA loan proposals, completes initial underwriting, and prepares credit package that complies with all applicable regulations and SBA guidelines. In addition, Officer – SBA Business Development typically reports to a manager or head of a unit/department. Being an Officer – SBA Business Development works on projects/matters of limited complexity in a support role. Work is closely managed. Working as an Officer – SBA Business Development typically requires 0-2 years of related experience.
SBA Business Development Officer Job Description Template
Our company is looking for a SBA Business Development Officer to join our team.
Responsibilities:
- Responsible for the sales life cycle, including lead generation and sourcing, loan policies and structure, product knowledge and financial analysis;
- Structures SBA loan proposals, completes initial underwriting and prepares credit package;
- Responsible for the success and growth of assigned sales territory;
- Presents the company’s loan capabilities;
- Develops strategies to originate SBA loans in the marketplace.
Requirements:
- Excellent verbal, written, and interpersonal communication skills;
- 5+ years’ experience in the financial services industry;
- 3+ years of experience in SBA 7a & 504 lending, selling business related financial services products, or a combination of both;
- Knowledge and understanding of underwriting or evaluating commercial credit;
- Established network of COIs and brokers in the local market.