SBA Construction Loan Admin

About the role

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

Responsible for reviewing, coordinating, and administering Small Business Administration (SBA) construction and renovation loan transactions, ensuring compliance with SBA 7(a) and/or 504 program requirements, bank credit policy, and loan documentation standards. Protects the bank’s interest by overseeing construction loan documentation, lien perfection, and the analysis, approval, and administration of construction draw disbursements from loan approval through project completion and final servicing conversion. Construction loan activities support owner‑occupied small business projects, including new construction, renovations, tenant improvements, and expansions for properties such as retail, office, industrial, mixed‑use, and special‑purpose facilities eligible under SBA guidelines. Residential exposure may include mixed‑use properties where permitted by SBA program rules. Works in close partnership with Relationship Managers, SBA Underwriters, and Loan Administrators, serving as the primary liaison with borrowers, attorneys, construction consultants, title companies, and SBA service providers throughout all phases of the construction and disbursement process. Ensures adherence to SBA authorization terms, eligibility requirements, use‑of‑proceeds limitations, and post‑approval conditions. Must meet requirements to be commissioned as a Notary Public.

Responsibilities

• Review, coordinate, and administer SBA construction and renovation loan transactions (7(a) and/or 504 programs)
• Ensure compliance with SBA program requirements, bank credit policy, and loan documentation standards
• Oversee construction loan documentation, lien perfection, and construction draw disbursement analysis, approval, and administration
• Manage construction loan activities from loan approval through project completion and final servicing conversion
• Support owner‑occupied small business projects: new construction, renovations, tenant improvements, expansions for retail, office, industrial, mixed‑use, and special‑purpose facilities
• Serve as primary liaison with borrowers, attorneys, construction consultants, title companies, and SBA service providers
• Partner with Relationship Managers, SBA Underwriters, and Loan Administrators
• Ensure adherence to SBA authorization terms, eligibility requirements, use‑of‑proceeds limitations, and post‑approval conditions
• Meet requirements to be commissioned as a Notary Public

Requirements

• High school diploma or equivalent
• Typically two to three years of experience in commercial real estate loan administration, OR at least five years of transferable experience in commercial loan administration
• Ability to meet requirements to be commissioned as a Notary Public

Qualifications

• Working knowledge of SBA lending programs (7(a) and/or 504), including construction, renovation, and leasehold improvement financing
• Familiarity with SBA authorization terms, use‑of‑proceeds rules, lien and collateral requirements, and disbursement controls
• Experience with construction draw administration, including budget review, third‑party inspections, lien waivers, and title updates
• Basic knowledge of commercial lending concepts such as collateral structures, multi‑phase construction, and loans secured by multiple collateral properties
• Technical expertise in loan closing, documentation review, and post‑closing loan management
• Basic knowledge of commercial finance, lending law, documentation, accounting principles, and loan data systems
• Bachelor’s degree preferred

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Pay

Pay Range: $68,850.00 - $81,000.00