How to Become a SBA Business Development Officer

Step 1: Understand the job description and responsibilities of a SBA Business Development Officer

What does a SBA Business Development Officer do?

A SBA Business Development Officer develops and structures loans and markets other banking products and services to Small Business Administration (SBA) eligible small and medium sized businesses. Reviews required customer financial information and coordinates with SBA to provide a lending solution for the customer. Being a SBA Business Development Officer structures the SBA loan proposals, completes initial underwriting, and prepares credit package that complies with all applicable regulations and SBA guidelines. Requires a bachelor's degree. Additionally, SBA Business Development Officer typically reports to a manager or head of a unit/department. The SBA Business Development Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a SBA Business Development Officer typically requires 2 to 4 years of related experience.

People's Opinions on SBA Business Development Officer responsibilities

Wholesale Banking provides financial solutions to businesses across the United.

12/25/2019: Johnstown, PA

Responsible for generating new SBA loans in an assigned local market.

02/09/2020: Melbourne, FL

VP BDO Role ResponsibilitiesOriginate SBA business for the bank with a focus on 504 loans originated.

01/09/2020: Petersburg, VA

Responsible for marketing a full range of banking services to Small Business Administration.

01/20/2020: Poughkeepsie, NY

As an employee of Citizens Bank you become part of an organization committed to serving customers, colleagues and communities in which we do business.

12/20/2019: Rockford, IL
Read all People's Opinions Submit your opinion

Step 2: Learn best tips to become a SBA Business Development Officer

Best tips for those who want to become a SBA Business Development Officer

Here are some tips to become a SBA Business Development Officer.

People's Opinions on best tips

Have Some Standout Projects Portfolios.

12/19/2019: New Orleans, LA

Be Ready To Handle Technical Interviews.

12/29/2019: Fairbanks, AK

Ensure You Know The Role Kind You Need.

01/12/2020: San Bernardino, CA
Read all People's Opinions Submit your opinion

Step 3: View best colleges and universities for SBA Business Development Officer

Best colleges and universities for SBA Business Development Officer

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a SBA Business Development Officer

Is being a SBA Business Development Officer Worth it?

People's Opinions on lifestyles

His results-driven experience, along with his extensive industry knowledge and exceptional service, will play a key role in the growth of the Bank's SBA portfolio.".

01/13/2020: Billings, MT

Calls on and develops a referral network with commercial real estate brokers, business brokers, business/professional associations, accountants, lawyers, etc.

01/10/2020: Pocatello, ID

Structures SBA loan proposals, completes initial underwriting and prepares credit package.

01/06/2020: Pine Bluff, AR

3+ years of experience in SBA 7a & 504 lending, selling business related financial services products, or a combination of both.

02/11/2020: Winston Salem, NC

Work with Loss Mitigation Officer to devise and implement strategy for adverse credits.

01/08/2020: Montgomery, AL
Read all People's Opinions Submit your opinion

Step 5: Prepare relevant skills for being a SBA Business Development Officer

What skills do you need to be a SBA Business Development Officer?

Management often looks to professional level roles for execution on their visions and goals, as such some specific skills are required.  The workload of this role requires knowledge of: Banking Products, Business Banking Services, Cross-Selling, Loan Underwriting, Specialty Lending.  Sometimes for this role, knowledge of the following is helpful: Banking Software.  If you highlight these skills during your interview process, you will be more likely to land the job!

People's Opinions on SBA Business Development Officer skills

A minimum of 5 years of SBA loan and or Business and or Commercial lending experience.

11/27/2019: Reno, NV

Complete understanding of SBA- government type business loans.

12/02/2019: Helena, MT

Demonstrated prior business success in SBA Lending/Sales.

02/08/2020: Lafayette, LA

3+ years of experience in Small Business Administration, selling business related financial services products, or a combination of both.

01/03/2020: Binghamton, NY

Knowledge and understanding of business banking sales or credit.

01/13/2020: Harlingen, TX
Read all People's Opinions Submit your opinion

Step 6: View average salary for SBA Business Development Officer

How much does a SBA Business Development Officer make?

The average salary range for a SBA Business Development Officer is from $83,779 to $108,260. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a SBA Business Development Officer
$83,779 to $108,260

Step 7: Find relevant SBA Business Development Officer jobs, and apply.

Looking for SBA Business Development Officer jobs?

Here are some SBA Business Development Officer jobs in the United States.

Search SBA Business Development Officer Jobs in the United States

Step 8: Explore Career Path of SBA Business Development Officer