SBA Loan Coordinator

4 weeks ago


Urbana, Illinois, United States gpac Full time

SBA Loan Coordinator Job Description

The SBA Loan Coordinator is responsible for preparing loan packages for submission to the Small Business Administration and other government agencies for commercial loan approvals.

Key Responsibilities:

  • Process Small SBA 7(a) loan files ($350,000 or less), SBA Express Loans; occasionally SBA 504 and Conventional loan files.
  • Order and track due diligence items such as title policies, environmental reports, etc.
  • Coordinate the collection of required documentation from borrower and/or lender.
  • Contact lenders, title companies, insurance agents, and others to ensure missing post-closing documents have been obtained and make sure that files are complete with all final recorded documents.
  • Order credit reports, as needed.
  • Verify accuracy of documents based on type of loan.
  • Prepare settlement sheets for loan disbursements and verify that documentation supports the original authorization.
  • Supports departmental duties including answering phones, processing incoming and outgoing mail and deliveries, maintaining office equipment, ordering supplies, maintaining filing systems, etc.

Requirements:

  • Bachelor's degree in Business, Accounting, or Finance preferred.
  • 2+ years minimum and in an active lending role currently.
  • Experience working in an environment with individual and team goals preferred.
  • Strong business development and credit risk assessment skills.
  • SBA with revenue to small-middle market companies.
  • Must have a proven track record in business development at a bank or firm.
  • Knowledge of Bank regulations regarding lending and debt collection.

Equal Opportunity Employer:

GPAC is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990.

We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.


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