Banking Operations, Business Loans, Communication Skills, Documentation, Documentation Standards, High School Diploma, Loan Origination, Loan Processing, Loan Regulations, Loans, Microsoft Office, Organizational Skills, Post Closing, Presentation/Verbal Skills, Record Keeping, Small Business, Standard Operating Procedures (SOP), Support Documentation, Time Management, Underwriting, Willing to Travel, Writing Skills
SUMMARY:
The SBA Loan Assistant is a critical part of the SBA lending team, providing direct support to SBA Relationship Managers through the full loan lifecycle from application through closing.
ESSENTIAL JOB FUNCTIONS:
- Assist Relationship Managers in gathering and organizing borrower documentation required for SBA loan applications
- Prepare and review loan files for completeness and compliance with SBA SOP and internal checklists
- Track loan pipeline activity and communicate status updates to RMs, borrowers, and internal stakeholders
- Coordinate with underwriting and closing teams to facilitate timely loan processing
- Maintain accurate records in the loan origination system throughout the loan lifecycle
- Assist with correspondence between borrowers, lenders, and third-party vendors (appraisers, title companies, etc.)
- Support file documentation for SBA authorization, closing packages, and post-closing requirements
- Flag compliance issues or documentation gaps to Relationship Managers or the Credit Administrator
JOB REQUIREMENTS:
- High school diploma or equivalent required
- Prior experience in a loan support, loan processing, or banking operations role
KNOWLEDGE/SKILLS REQUIRED:
- Intermediate written and verbal communication skills
- Intermediate understanding of SBA lending SOP and regulations
- Intermediate organizational skills
- Intermediate proficiency with loan origination systems
- Intermediate proficiency with Microsoft Office
- Intermediate understanding of SBA SOP documentation standards
- Basic analysis skills
- Basic understanding of credit underwriting guidelines
- Basic understanding of financial documents
PHYSICAL AND MENTAL QUALIFICATIONS:
- Standing, walking, bending and stooping required
- Must be able to sit at a desk for long periods of time and use a computer
- Must be able to occasionally move or lift up to 10 pounds
- May be asked to work supplemental hours periodically
- Limited travel required occasionally during and after business hours