SBA Credit Underwriter

Primary Job Duties

• Perform eligibility analysis for SBA loan requests (7(a)) to ensure compliance with current SBA Standard Operating Procedures (SOP 50 10).
• Prepare comprehensive SBA credit memorandums addressing specific SBA requirements, including business valuation analysis, equity injection verification, and refinance eligibility.
• Aid in the structuring of SBA loans to maximize the government guarantee while managing risk to the Bank.
• Underwrite new and existing commercial real estate loans, focusing on complex requests, to assess financial condition, repayment capacity, and risks associated with the transaction.
• Conduct real estate cash flow analysis, global cash flow analysis, and evaluate the financial condition of guarantors involved in such transactions.
• Underwrite new and existing business loans, focusing on complex requests, to assess financial condition, operating performance, and repayment capacity of such loans.
• Perform financial analysis, projections, and industry analysis.
• Obtain necessary information in a timely manner from lending officers and other bank officers.
• Comply and adhere to the Bank’s Credit Policy and SBA processing requirements.
• Complete the annual training program assigned.
• Perform other functions and/or duties as assigned.

Job Requirements

• Education: Bachelor’s degree in business and/or Finance or equivalent experience.
• Experience: One (1) to Three (3) years of experience in the Banking industry as a Credit Underwriter with a preferred specific focus on SBA 7a, C&I, CRE, and ABL lending.
• SBA Knowledge: Demonstrated knowledge of SBA Standard Operating Procedures (SOP), eligibility requirements, and E-Tran logic preferred. Advanced underwriting knowledge of commercial real estate and commercial and industrial loans, as well as specialized loans which include but are not limited to SBA loans, Asset Based Loans, Construction Loans, etc.