Grow America (formerly NDC) · 1 week ago
SBA BDO/Lending Manager (2)
United States
Full-time
Remote
Senior Level
$135K/yr - $135K/yr
5+ years expGrow America is a company focused on delivering business lending services, including SBA 7(a) guarantee funding and non-SBA loan products. The Lending Manager will be responsible for sourcing and structuring loans for businesses across the United States, while maintaining a network of referral sources and performing credit analysis.
GovernmentNon Profit
Responsibilities
Develop and maintain a network of referral sources for prospective businesses in need of financing. In general, through normal travel and networking, market GA loan products to ensure a viable pipeline of leads. Note, GA offers a generous travel budget to both develop business and to be able to travel nationally to build pipeline
Screen prospective loan applicants to determine if minimal loan qualification standards are met. Ensure that the foundation for any long-term credit or closing items (to include environmental concerns, appraisals, equity substantiation, lease length to be co-terminus with length of loan and site control etc.) are met
With assistance from the Director of Lending, market and structure GA business lending products along the capital continuum. To that end, if an applicant is not eligible for an SBA 7(a) loan under the Grow America Fund program, leverage other GA small business lending products, at any given time, to include a loan under any of GA’s non-SBA guarantee programs. Again, a client should be able to receive funding from as little as $150,000 up to $5,000,000 depending on their need and sophistication
Gather necessary data to complete an application package and source documents for credit analysis of all qualified applicants (tax returns, interim financials, PFS and other items as needed)
Perform high-level credit analysis to include spreading of business financials, construction of business and personal cash flows, and collateral analysis. Thereafter, in line with the second bullet above, appropriately structure client financing needs with the correct loan product, competitive rate, appropriate term and issue term sheets
Upon acceptance of signed term sheets and receipt of deposit, write the initial story of the business through completion of a project summary and business history/background, management summary and discussion of strengths/weaknesses (a pre-screen) in preparation for submission to Credit. Ensure a smooth hand off from Originations into Credit. Note, our credit culture within GA is common-sense and driven by reasonable determinations around an applicant’s character, the business capacity, a reasonable existing cash flow margin (1.15:1 and lower in some cases with allowance for projections based lending and start-ups), and reasonable determinations across collateral (i.e. if there is strong existing cash flow, but a lack of collateral, we generally will move forward with a deal)
Qualification
Required
Bachelor's degree from an accredited four-year college or university with major course work in finance, business administration, economics or a related field
Minimum five years in SBA 7(a) lending and strong knowledge of SBA lending to include a mastery of the SBA SOP
Strong sales and calling skills
Effective written and verbal communication skills with the ability to be persuasive one-on-one as well as in group settings
Strong analytical, time management and organizational skills as well as a high level of attention to detail
Strong intra-personal skills
Impeccable personal integrity and ability to maintain confidentiality of borrower data
Computer literacy in contact management, word processing, spreadsheet and database programs
Presentation skills to small and large groups (5-100)
Ability to work remotely and independently
Ability to travel occasionally, both locally and nationally, to attend meetings, conferences or site visits
Preferred
Candidates with existing networks of business within the states of Ohio, North Carolina, Texas, New Jersey, New York, and Connecticut will be looked upon favorably
A degree in history, English or political science could be deemed favorable as it develops strong analytic and writing skills
Benefits
Comprehensive benefits package.
Company
Grow America (formerly NDC)
Grow America (formerly NDC) acts as partner, teacher, advisor, investor, developer and lender, bringing together technical know-how and capital for community and economic investment.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$3.53MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $3.53M
Leadership Team
Daniel Marsh III
President & CEO
Antonio Palumbo
Chief Technology Officer
Recent News
2025-05-26
AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
2025-04-03
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