SBA Business Development Officer develops and structures loans and markets other banking products and services to Small Business Administration (SBA) eligible small and medium sized businesses. Reviews required customer financial information and coordinates with SBA to provide a lending solution for the customer. Being a SBA Business Development Officer structures the SBA loan proposals, completes initial underwriting, and prepares credit package that complies with all applicable regulations and SBA guidelines. Requires a bachelor's degree. Additionally, SBA Business Development Officer typically reports to a manager or head of a unit/department. The SBA Business Development Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a SBA Business Development Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
POSITION SUMMARY
Responsible for developing, growing and servicing small business administration (SBA) relationships that include loan and deposit accounts with new and existing businesses. Creates sales opportunities and partners with others to cross sell appropriate business products and services and increase membership. Responsible for pre-flighting and structuring SBA transactions, along with working with the Credit team to complete underwriting, and working with the Loan Processors to close SBA accounts.
ESSENTIAL DUTIES AND RESPONSIBILITIES
EDUCATION AND EXPERIENCE
Bachelor’s degree in Business, Sales or Finance plus eight years commercial lending or credit experience in a financial institution; or equivalent knowledge and skills gained through a minimum of ten years related lending experience. Five years of experience working with SBA loans, as well as community development lending, traditional and alternative loan programs.
The Benefits
We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential. Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions):
Who We Are:
At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. Magnifi Financial has received the special recognition of being named a Top 200 Workplace, voted on by our employees, for the 9th year in a row. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth.
Magnifi Financial has grown to more than 90,000 members, over $2 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota. But what hasn’t changed is our focus on the members and communities we serve.
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