Business Development Officer

Benefits

• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Company Overview

LoanBud is a dynamic and growing company dedicated to empowering small businesses through financial support. Our mission is to provide essential financing, focusing on SBA and other business loans, to help small businesses thrive. We pride ourselves on our team-oriented colleagues, opportunities for growth, and a strong commitment to supporting the backbone of the economy - small businesses.

Role Specifics

• Developing and maintaining relationships with referral partners.
• Actively prospecting, marketing, structuring, and originating new SBA and other business loans.
• Establishing and maintaining a network of referral sources to attract potential SBA borrowers.
• Maintaining in-depth knowledge of SBA products and staying informed about competitors and competitive products.

Target Goals

Achieve a minimum funded volume of $1MM per month.

Client Focus

Aid small businesses nationwide in securing funding for their ventures.

Qualifications and Experience

• PREFERRED EDUCATIONAL BACKGROUND: Bachelor’s degree.
• MINIMUM 3 YEARS OF EXPERIENCE IN BUSINESS DEVELOPMENT OR A SIMILAR SALES FIELD.
• KNOWLEDGE OF SBA LENDING IS A SIGNIFICANT ADVANTAGE.

Skills and Competencies

• EXCELLENT COMMUNICATION AND ORGANIZATIONAL SKILLS.
• PROFICIENCY IN SALES PERSUASION, ACTIVE LISTENING, AND TIME MANAGEMENT.
• STRONG PRODUCT KNOWLEDGE AND RELATIONSHIP-BUILDING SKILLS.
• CORED THINKING AND STRATEGIC PLANNING ABILITIES.
• FAMILIARITY WITH SBA LOAN PROGRAMS AND BUSINESS LOANS.

Location and Travel Requirements

• This is an in-office position based in New York City.
• Occasional travel for conferences and trade shows.

Compensation and Benefits

• COMPETITIVE BASE SALARY PLUS COMMISSION.
• Bi-monthly commission based on funded loan volume.
• COMPREHENSIVE BENEFITS PACKAGE INCLUDING HEALTH, DENTAL, AND VISION INSURANCE.
• Paid time off and 401(k) with company match.

Company Culture and Work Environment

LoanBud offers a welcoming, collaborative, and innovative work environment. Our culture is fast-paced, friendly, and team-oriented, with a positive atmosphere. We are committed to internal growth and actively promote from within as the company expands.

Our Mission

At LoanBud, we believe small businesses are the backbone of the economy, and we exist to empower entrepreneurs by simplifying access to SBA capital so they can achieve their dreams. By partnering with an extensive network of SBA lenders, we offer a wide credit box that opens doors for more business owners—even those turned away by traditional banks. Our streamlined digital application and expert guidance help entrepreneurs navigate what can otherwise be a complex financing process.

Career Opportunities

LoanBud is continuing to grow, and we have an exciting opportunities for the right candidate to join a great team. Join us in the pursuit of our mission to help small businesses get the financing they need to succeed, and enjoy a career filled with professional growth opportunities, team-oriented colleagues, and the satisfaction of supporting small businesses.