SBA Loan Specialist

Truliant Federal Credit Union - Matthews, NC

Full-time - Mid Level

Remote - Matthews, NC

Credit Intermediation and Related Activities

About the position

The SBA Loan Specialist is responsible for facilitating the acquisition of Small Business Administration (SBA) loans for clients. This role involves guiding small business owners through the loan application process, assessing their eligibility, and ensuring compliance with SBA regulations. The specialist will analyze financial statements, evaluate creditworthiness, and structure loan packages tailored to the unique needs of each applicant, while also engaging in business development activities to generate loan opportunities.

Responsibilities

• Advises clients on SBA loan programs, eligibility criteria, and documentation requirements.
• Conducts thorough financial analysis of applicants, including reviewing tax returns, balance sheets, and cash flow statements.
• Assesses credit risk and recommends appropriate loan structures based on financial profiles and business plans.
• Prepares loan packages in accordance with SBA guidelines, including completing application forms and compiling supporting documentation.
• Coordinates with underwriters, processors, and other internal stakeholders to expedite loan approvals and closings.
• Acts as a liaison between clients and SBA representatives, providing assistance throughout the application and approval process.
• Stays updated on changes to SBA regulations, policies, and procedures, and ensures compliance in all loan transactions.
• Builds and maintains relationships with clients, providing ongoing support and guidance to foster long-term partnerships.
• Collaborates with sales and marketing teams to promote SBA loan products and expand the client base.
• Contributes to process improvements and best practices to enhance efficiency and customer satisfaction.

Requirements

• Bachelor's degree in finance, business administration, or a related field required.
• Minimum of 5 years of experience in commercial lending, with a focus on SBA loans preferred.
• Excellent communication skills in English, both verbal and written.
• Basic knowledge of loan origination software and Microsoft Office suite.
• Strong understanding of SBA regulations, loan programs, and eligibility requirements.
• Proficient in financial analysis, including interpreting financial statements and assessing credit risk.
• Detail-oriented approach with a commitment to accuracy and compliance.
• Ability to work independently and prioritize tasks in a fast-paced environment.
• Networking skills for building a pipeline of loans.
• Proven track record of meeting or exceeding loan production targets.
• Ability to understand all business processes within the credit union.
• Resourceful and well organized, with strong attention to detail.
• Good reasoning abilities and sound judgment.

Nice-to-haves

• Experience in a general office environment.
• Flexibility to shift resources and priorities as required.

Benefits

• No-cost employee Medical, dental, vision coverage
• Prescription benefits (including mail order)
• Paid holidays and Paid Time Off (PTO)
• 401(k) plan with contribution matching
• Paid community involvement volunteer hours
• Paid group life insurance
• Teammate loan discounts
• Tuition reimbursement
• Short and long-term disability
• Health & Wellness program
• Teledoc (physician video conferencing)
• Onsite fitness facilities or health club reimbursement
• Employee Assistance Program (EAP)
• Medical flexible spending account
• Dependent care flexible spending account