Business Loan Officer: Driving Financial Growth

5 days ago


Clinton, New Jersey, United States Unity Bank Full time

Job Summary

We are seeking a highly skilled Business Loan Officer to join our team at Unity Bank. As a Business Loan Officer, you will play a crucial role in driving financial growth by identifying and developing business opportunities, building strong relationships with clients, and providing expert advice on loan products.

About the Role

The ideal candidate will have a minimum of 3 years of commercial lending experience, with a focus on SBA lending. A bachelor's degree in business or a related field is required, and formal bank credit training is preferred. Strong knowledge of SBA SOP 50 10 and SBA ETRAN system is essential, as well as excellent communication and interpersonal skills.

Main Responsibilities

  • Solicit new SBA 7(a), SBA Express, and SBA 504 loan requests from existing and prospective customers, including attorneys, accountants, loan brokers, and other professionals.
  • Interview loan applicants, collect and analyze financial data, and determine the general creditworthiness of the applicant.
  • Evaluate and structure loan requests, negotiate terms and conditions, and package required loan documentation.
  • Prepare and submit draft loan proposals, assist the credit and closing departments, and cross-sell other Unity Bank products and business partner services.
  • Monitor and report assigned loan portfolio activity, maintain active membership in outside organizations, and travel locally within NJ and PA as necessary.

Requirements

  • Bachelor's degree in business or a related field.
  • Minimum 3 years of commercial lending experience, with a focus on SBA lending.
  • Formal bank credit training preferred.
  • Strong knowledge of SBA SOP 50 10 and SBA ETRAN system.

Estimated Salary: $80,000 - $120,000 per year, depending on experience.

Benefits: Comprehensive benefits package, including medical, dental, and vision insurance, 401(k) plan, and paid time off.

About Unity Bank: Unity Bank is committed to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans. We are an equal opportunity employer and welcome applications from diverse candidates.



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