Senior SBA Eligibility Coordinator

Overview

This role coordinates the approval and closing of larger, more complex SBA and other government-guaranteed loans. Responsibilities include ensuring assigned loans follow established policies and procedures, packaging credit requests for agency approval, supporting loan closing and funding, maintaining organized loan files for internal and external audits, and managing required reporting.

Responsibilities

• Support the SBA lending Specialist Team Lead in processing SBA loans for agency approval and loan closing for larger, more complex loans.
• Assist in forming policies and procedures for approving and closing SBA loans to help minimize the risk of guaranty repairs and denials within the portfolio.
• Collaborate with internal partners to identify improvement opportunities and loan process efficiencies; make recommendations to the SBA Manager.
• Provide periodic training to internal partners (including Middle Office) on SBA and alternative lending products.
• Approve assigned loans for agency (SBA) approval within designated PLP authority, as well as loans assigned to GGL Loan.
• Serve as a trusted advisor to clients to support strong client experience (internally and externally), retention/penetration, and One Bank execution.
• Interface directly with borrowers approved for SBA loans to secure customer acceptance of terms and conditions.
• Assist SBA 7A Loan Coordinator team members with technical assistance related to program eligibility, compliance with policies and procedures, and closing and funding.
• Review and approve customer-submitted documentation for compliance with SBA program requirements, including:
  • equity injections
  • verification of eligible use of loan proceeds (including SBA refinancing rules)
  • lease agreements and landlord waivers
  • other eligibility requirements
• Complete application packaging and closing requirements for assigned loans, including preparation, review, documentation, and filing.
• Prepare the SBA Authorization on loans approved within the Bank’s PLP authority and ensure all Authorization requirements are met prior to loan closing.
• Coordinate packaging and approval of SBA and other government-guaranteed loans in conformance with SBA, USDA, and state-specific standard operating procedures.
• Ensure assigned loans are closed and funded according to SBA guidelines and internal loan policies.
• Ensure loans are processed according to outlined procedures for 1502 reporting.
• Ensure proper payment of guaranty fee to the U.S. SBA.
• Develop a working knowledge of customers, businesses, and prospect opportunities.
• Prepare and coordinate SBA loan documentation, including third-party document coordination, completion, and review.
• Collect and review required collateral information.
• Maintain reporting on assigned loans regarding status, actions taken, outstanding items needed for approval/loan closing, and solutions to clear obstacles to meet customer deadlines.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree in accounting, finance, or economics or equivalent experience.
• Minimum 5 years of packaging and closing experience in the SBA industry.
• Extensive knowledge of SBA (Small Business Administration) regulations.
• Proficient in basic software applications such as Microsoft Word and Excel.

Preferred Qualifications

• None specified.

Compensation & Benefits

• Total Base Pay Range: $71,100.00 - $145,900.00 USD Annual
• Eligible to participate in an incentive compensation plan, with any payment based upon company, line of business and/or individual performance.
• Comprehensive benefits programs supporting physical, financial, emotional, and social well-being.

Location

• Virtual, Ohio 00000

Additional Information

• No supervisory responsibilities.
• Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.