Summary: The SBA Closer is responsible for preparing SBA forms, submission to the SBA, and ensuring compliance and adherence to SBA SOP and First Bank of the Lake policies, procedures, and regulatory requirements. Knowledge of commercial lending and SBA lending processes is required to assist in preparing this information.

The ideal candidate must have extensive Government Guaranteed Lending experience.

Job Requirements:

• Minimum of 3 years’ experience in Small Business Administration industry with a focus on packaging and closing loans
• Knowledge of commercial lending documentation and/or operations in banking, law firm, title company or other related industry
• Detailed knowledge of the SBA SOP is required.
• Fundamental knowledge of business financial statements and credit factors relating to commercial loans
• Skilled with Microsoft Word, Excel, Outlook, and related software applications (LaserPro, nCino, Fiserv, and Portal is a plus)
• Excellent verbal and written communication skills
• Well organized, ability to multi-task and attention to detail
• Ability to prioritize, work well under pressure and meet deadlines.
• Must be able to work in a team environment and adapt to change.
• Must complete all required training, including Bank Secrecy Act/Anti-money Laundering training, suitable to his or her position within the bank.

Job Functions:

• Manage 4-6 SBA active loans in closing stage with an average of 2 closings per month based upon product and complexity.
• Prepare and submit Non-Delegated ‘GP’ and Preferred Lending ‘PLP’ loan requests via ETRAN.
• Generate Closing Checklist and coordinate initial call with the borrower, BDO and attorneys.
• Work closely with the borrower, BDO and attorney to ensure a smooth closing process.
• Responsible for timely communication with Borrower of missing items needed to complete loan closing.
• Maintains control over loans in process to detect any potential and/or developing problems and ensure all department managers are informed of the issues
• Order flood certifications, tax transcripts, UCC/Federal/State/County preliminary lien searches, title commitments and request from borrower the essential loan documentation as indicated by Underwriter, First Bank of the Lake, SBA procedures to ensure completeness of loan files.
• Reconcile equity injection and make final verification determination.
• Knowledge of AIA contracts, permits, builder’s risk and other construction documents so that you may coordinate a smooth handoff to the SBA Construction Coordinator
• Build electronic loan folder and scans loan documents into FBOL system of record.
• Follow internal audit procedures to ensure files are properly documented.
• Must complete all required training, including Bank Secrecy Act/Anti-money Laundering training, suitable to their position within the bank.
• Other projects as assigned by management.

Physical Requirements:

Prolonged periods sitting at a desk and working on a computer.

Must be able to lift up to 25 pounds at times.

Travel as required for in-person meetings and / or training.

EEO Statement

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status or any other protected category.

All offers of employment shall be subject to successful completion of all pre-employment screenings, verifications, and processes. Failure to comply with these processes, or failure to successfully pass all phases of the pre-employment screening will result in a withdrawal of employment offer.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.