How much does an SBA Loan Officer make at companies like 1ST FINANCIAL BANK USA in the United States? The average salary for SBA Loan Officer at companies like 1ST FINANCIAL BANK USA in the United States is $71,285 as of June 27, 2024, but the range typically falls between $62,679 and $79,892. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities
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Title: SBA Loan Officer
Job Overview:
1st Financial Bank USA (“1FBUSA”), a full-service community bank located in South Dakota, and its wholly-owned subsidiary, Builder Finance Inc. (“BFI”), a lender serving home builders and rental property investors from coast-to-coast, is looking to hire a motivated commercial lender to help build and expand the Bank’s existing credit offerings through his or her knowledge of the U.S. Small Business Administration (“SBA”) loan guaranty programs. The ideal candidate will have knowledge in all facets of the SBA loan guaranty programs, including, originating, underwriting, packaging, closing, and servicing of the loans. A successful hire will be an individual who identifies as a self-starter with a drive to succeed.
The SBA Loan Officer will work with management to expand its portfolio of quality loans to existing and new customers through the utilization of SBA’s 7(a) loan programs. Through collaboration with the other lending teams at the Bank, this role will be integral in the creation and implementation of policies and processes surrounding the delivery of government guaranty lending program offerings to the Bank’s customers. Existing lending teams will work closely with the SBA Loan Officer to facilitate successful loan closings. The Bank intends to continue growing the SBA lending team as the portfolio grows, allowing the SBA Loan Officer to prioritize originations.
Qualifications:
Applicants must have experience with SBA lending and a thorough understanding of the SBA’s Standard Operating Procedures (“SOP”). The ideal candidate will demonstrate the ability to work well within a small, collegial team. Preferred additional qualities include entrepreneurial ambition, self-reliant work ethic, adaptable, great attention to detail, and a “commercial” disposition.
Essential Job Functions:
Underwriting:
Packaging:
Closing and Servicing:
Compensation is generous and commensurate with experience.
Experience: At least 3 years doing SBA lending
Education: Bachelor’s degree with a preferred 3.5 GPA or better
We provide a highly competitive and comprehensive compensation and benefits program including affordable medical/dental/vision insurance, generous paid leave program, 401(k), health savings account, tuition reimbursement, financial childcare assistance and much more!
1st Financial Bank USA is an EO employer - M / F / Vets / Disabled.
Includes base and annual incentives
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