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The Latino Economic Development Center (LEDC) is a private, non-profit 501(c)(3) community development corporation founded in 1991. LEDC’s mission is to drive the economic and social advancement of low- to moderate-income Latinos and other DMV area and Puerto Rico residents by equipping them with the skills and tools to achieve financial independence and become leaders in their communities.
Position Summary: The Small Business Lending Officer and Underwriter act as a single point of contact between LEDC and our prospective borrowers, and is responsible for the origination, processing, and underwriting of the loan.
The goal of the Lending program is to provide financing to promising entrepreneurs who are often unable to access credit with traditional banks and lenders. Without access to financing many of the entrepreneurs we serve experience significant challenges to start, sustain, and grow their businesses. Our financial support increases the capacity of our entrepreneurial clients to create wealth and economic opportunity for the communities they serve.
LEDC is a US Treasury certified Community Development Financial Institution (CDFI) and a Small Business Administration (SBA) Microloan Intermediary and Community Advantage lender. The Senior Small Business Loan Officer currently processes loans between $2,500- $250,000 for small or emerging businesses unable to obtain financing from mainstream banks.
Essential Job Duties and Responsibilities:
Required Education and Experience Qualifications
Nice-to-haves
If you…
…we strongly encourage you to apply!
Location & Schedule
This position reports to our White Oak office, located at: 2520 Prosperity Drive, Suite 200 Silver Spring, MD 20904.
This is a full-time, exempt role which typically requires 40 hours per week, and requires the incumbent to work a hybrid schedule which typically requires at least two days in the office (subject to change). Some travel is required.
Compensation and Benefits
The salary range for this position is $50,929 - $59,111 annually, dependent on experience and team budget. LEDC is proud to offer a generous benefit package including healthcare, vision, dental, disability and life insurance plans available to employees at no cost, sick, vacation, personal days and more!
How to Apply
Send your cover letter and resume to fquiroz@ledcmetro.org, with a subject line of: Small Business Loan Officer and Underwriter- MD. No phone calls please!
Full Time
Civic & Environmental Advocacy
$53k-73k (estimate)
06/02/2024
11/05/2024
ledcmetro.org
ARLINGTON, VA
25 - 50
1991
$5M - $10M
Civic & Environmental Advocacy
Working families deserve to live in affordable homes and own successful small businesses -- but too many are unable to turn these dreams into reality. The Latino Economic Development Center (LEDC) equips Latinos and other underserved DC, MD, VA, and Puerto Rico residents with the skills and financial tools to create a better future for their families and communities. Participants in our programs learn how to buy and stay in their homes, take control of decisions affecting their apartment buildings, and start or expand small businesses. Communities are stronger when all families have the power ...
to achieve financial independence and join with their neighbors to improve their quality of life. Stable housing, thriving businesses, strong communities - that's LEDC.
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