SBA Business Development Officer jobs in United States
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Cross River · 1 day ago

SBA Business Development Officer

Cross River builds the infrastructure behind the world’s most innovative financial products. The BDO or Loan Officer role is responsible for identifying, developing, and maintaining relationships with small business clients seeking financing through the SBA 7(a) loan program.

BankingFinancial ServicesFinTech
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Comp. & Benefits

Responsibilities

Client Acquisition: Help Identify early a potential small business loan through the banks networking, referrals, and direct outreach
Relationship Management: Build and maintain strong relationships with clients, providing ongoing support and advice
Market Analysis: Conduct market research to identify trends and opportunities in the small business lending sector
Compliance: Ensure all loan applications and documentation comply with SBA regulations and company policies
Collaboration: Work closely with internal teams, including underwriting, credit, and legal, to facilitate loan processing and approval
Reporting: Maintain accurate records of client interactions and loan progress, providing regular updates to management

Qualification

SBA loan programsFinancial analysisRelationship managementComplianceNegotiationCommunicationSelf-motivatedGoal-orientedTeam player

Required

Proficiency in analyzing financial statements and assessing creditworthiness
Excellent verbal and written communication skills for client interactions and internal collaboration
Strong negotiation skills to secure mutually favorable loan terms for clients and the lender
Ability to build and maintain strong relationships
Understanding of regulatory requirements and compliance related to SBA loans
Ability to work independently and drive results
Focused on achieving targets and contributing to business growth
Collaborative mindset to work effectively with internal teams

Preferred

SBA Business Development or Accounting background, or a background focused on SBA 7(a) loans being highly preferred
Familiarity with SBA loan programs and small business financing

Company

Cross River

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Cross River Bank provides technology infrastructure powering the future of financial services.

Funding

Current Stage
Late Stage
Total Funding
$908M
2023-11-01Secondary Market
2022-03-30Series D· $620M
2020-05-11Debt Financing· $106M

Leadership Team

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Gilles Gade
Founder, Chief Executive Officer, Chairman
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Christopher Kelm
Chief Compliance Officer and Chief Operating Officer, CRB Securities
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Company data provided by crunchbase