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Rockbridge Search & Recruitment 28/11/2022

SBA Business Development Officer

Ref #: 152
Location: Colorado Colorado 80012
Salary: $100k-$120k
Sector: Banking
Type: Permanent

Denver, CO

The SBA Business Development Officer identifies, solicits, and closes new SBA loans through business development activity within assigned markets.

  • Conduct new business development activities to generate new fee income to meet department and individual goals.
  • Prospect, market, structure and originate new SBA 7(a) and 504 loans.
  • Identify, refer, and introduce other business opportunities to internal product partners.
  • Establish and maintain a network of referral sources able to bring potential SBA borrowers to the bank.
  • Obtain complete financial packages from borrowers and prepare submission packages required for credit analysis. Follow up with borrowers to obtain additional information or clarification to ensure timely loan decisions.
  • Deliver approved loan packages to borrowers to obtain required signatures and facilitate funding.
  • Maintain an in-depth knowledge of SBA products as well as knowledge of competitors and competitive products.
  • Understand what differentiates Enterprise Bank & Trust and develop a unique sales approach that differentiates you in the marketplace.
  • Critically think, formulate, and support credit decisions, and logically defend position.
  • Negotiate on behalf of the bank the borrower while appropriately balancing risk and shareholder value.
  • Demonstrate a satisfactory understanding of and adherence to Bank operational policies and applicable compliance regulations as they relate to the specific job duties assigned.
  • Demonstrate a satisfactory understanding of and adherence to EEO/AA policy; promote a working environment free of harassment of any type.
  • Perform the job safely and report potentially unsafe conditions.
Job Requirements
  • Bachelor’s degree in business, finance, economics or other related field.
  • 5-10 years related experience in a similar lending environment or financial institution.
  • Maintain a current understanding of Bank underwriting guidelines, procedures, policies, and compliance issues. Maintain a working knowledge of regulatory requirements for documentation and regulations relating to SBA lending.
  • Ability to protect and maintain confidential information.
  • Excellent written and verbal communication skills.
  • Excellent organizational skills.
  • Proficiency with personal computers and related software.
  • Work involves sitting, occasional walking, and lifting up to 10 pounds.