Description
Position at First Business Bank
Join the growing team at First Business Bank as a
Senior SBA Loan Closer - Pacific Time Zone
At the heart of First Business Bank, we believe success comes down to putting people first. Our people are our priority - they embody ambition, experience, and client focus. The result is extremely engaged employees who provide unmatched client satisfaction. With comprehensive total rewards to support our team members, a commitment to valuing each other's differences, and a focus on improving our communities, we are confident you'll find the experience is your advantage. We're delighted you're considering joining us!
The Senior SBA Loan Closer manages complex SBA loan closings from approval to completion, ensuring accuracy and compliance. This role works directly with borrowers to collect documents, satisfy credit requirements, and resolve issues, while reviewing files for adherence to SBA and bank policies.
Work Model:
This is a fully remote position,
requiring
the employee to be in Pacific Time Zone, preferably California.
Core Objectives:
Loan Processing
- Manage multiple SBA loan files and meet tight closing deadlines.
- Close complex SBA commercial loans independently.
- Maintain organized, accurate loan files and prepare required SBA forms.
- Create and share borrower closing checklist; host kickoff calls.
- Act as SME for various SBA loan types (Acquisitions, Construction, CRE, Refinances, Start-ups, ROBS).
- Verify closing conditions comply with SBA SOPs and update Material Change Form.
- Coordinate Landlord Waiver approvals and order necessary searches.
- Prepare collateral descriptions, file UCCs, and work with attorneys to meet legal requirements.
- Input data into origination systems (Etran, Salesforce) and clear compliance exceptions.
- Review attorney documentation, ensure proper execution, and prepare for funding.
- Disburse funds per SBA approval and complete post-closing review for submission.
Communication
- Clearly communicate closing requirements and changes to borrowers and stakeholders.
- Escalate issues promptly and manage communication among all involved teams.
- Send due diligence items for approval and communicate realistic closing timelines.
Quality
- Maintain accurate client and Salesforce files.
- Review documentation for SBA compliance and address pre-closing review findings.
- Collaborate with Compliance Team to improve processes as SBA guidelines evolve.
Lender Support
- Provide weekly pipeline updates to SBA team.
- Work with BDOs and Credit Team to ensure documentation and requirements are met.
Qualifications
- Associate degree required, Bachelor's degree preferred.
- 5-7 years specific SBA closing experience in a heavy-volume closing department.
- 5-7 years of general banking/finance industry experience, preferably in the commercial lending area.
- Demonstrated aptitude and curiosity for technology and systems, including emerging tools such as AI; ability to quickly learn, adapt, and leverage digital solutions to drive efficiency and innovation.
- Strong organizational skills; high level of accuracy and attention to detail.
- Ability to work in fast-paced, high intensity work environment.
- Excellent time management and multi-tasking skills and ability to set goals, prioritize work, meet deadlines, and handle interruptions while maintaining focus on results and quality.
Experience the Total Rewards Great People Deserve
As a recognized Top Workplace, we know taking care of our employees and their families directly impacts their success and the success of our company. As part of the Total Rewards package, we take pride in offering eligible employee benefits which include:
- Comprehensive Health, Dental, and Vision plans
- Competitive compensation, with a focus on professional development and internal mobility
- Paid vacation time (15 days minimum per year)
- Paid sick leave (6 days per year)
- 1 day paid volunteer time
- 10 paid holidays (annually)
- Paid parental leave
- 401(k) program with company matching, plus additional profit sharing contribution
- Performance based annual incentive program
- Free and confidential Employee Assistance Program
- Wellness programs
- Education Assistance Program
- Employee Stock Purchase Program
- Plus many other perks and benefits!
Compliance Statement
First Business Bank participates in the E-Verify program. Know Your Right to Work English and Spanish.
First Business Bank is an Equal Opportunity Employer, including Veterans and Individuals with Disabilities.
If you require a reasonable accommodation for any part of the employment process, please email [emailprotected].