What are the responsibilities and job description for the SBA Business Development Officer position at iBusiness Funding?
About iBusiness Funding
iBusiness Funding is a software and lender service provider specializing in small business lending. Our technology, team, and process enable us to support loans from $10,000 to $25 million for our lending partners. Our technology solutions have been proven to quickly scale our clients’ portfolios without the need for additional overhead. Our flagship product, LenderAI, features end-to-end lending functionality from sales all the way through servicing
To date, we’ve processed over $11 billion in SBA and non-SBA volume and handle more than 1,000 business loan applications daily. Our team is driven by our core values of innovation, integrity, enjoyment, and family.
Join us and be part of a team that’s transforming the finance industry and empowering businesses to thrive!
Position Description:
We are looking for an experienced SBA Business Development Officer (“BDO”) to join our growing and dynamic team. In this role, you will be responsible for generating new SBA loans nationwide.
Major Areas of Responsibility
- Generate new SBA 7a loans in accordance with established goals and objectives.
- Prescreen applications for appropriate structure, conformity and eligibility with SBA SOP and lenders credit risk policies.
- Maintain relationships with referral sources and COI network.
- Responsible for assisting clients through the SBA loan process and assisting team members with obtaining all necessary documentation needed for the transaction.
- Attend industry conferences
Required Knowledge, Skills, and Abilities
- Minimum 5 years’ experience in SBA Lending
- Established referral sources and COI network to self-source deals
- Strong knowledge of SBA SOP and ability to quickly understand various lenders credit policies
- Strong working knowledge of financial analysis including cash flow, collateral and industry analysis.
- Ability to work effectively with individuals and groups in managing customer relationships
- Strong verbal and written communication skills
- Bachelor's Degree preferably in Finance
- Must have the ability to work autonomously
The anticipated salary range for this position is $75,000 - $125,000 annually, depending on experience and qualifications. iBusiness Funding provides a comprehensive benefits package, including medical, dental, and vision coverage; 401(k) with company match, and paid time off.
Conclusion:
This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities, or working conditions associated with the position.
The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, genetic information, or any other characteristic protected by law.