AVP/VP, SBA Loan Officer

Cathay Bank•El Monte, CA

About The Position

Following established policies and department procedures, this role is responsible for screening/interviewing SBA loan applicants, underwriting, closing, and servicing SBA Express, Cap Line, and EWCP, as well as SBA 7(a), 504 loans and State guarantee programs. The bank strives to provide a caring culture that supports aspirations and success, believing people are the most valuable asset and fostering growth and development to achieve professional goals. The bank has thrived for 60 years and persevered through many economic cycles due to its team members’ drive and optimism. Together, the team can make a difference in the financial future of the communities.

Requirements

Bachelor’s degree in business, Finance, Accounting, Economics, or related field, or equivalent work experience.
Strong analytical, communication, and organizational skills.
Ability to analyze financial statements and cash flow.
Ability to manage multiple assignments and meet deadlines.
Proficiency in Microsoft Office applications.

Nice To Haves

Previous SBA lending, underwriting, commercial lending, or credit analysis experience.
Knowledge of SBA 7(a), SBA Express, SBA 504, or SBLGP programs.
Experience with commercial real estate and business lending.
Familiarity with loan origination systems and banking operations.
Bilingual skills (English, Mandarin, or Cantonese) are a plus.

Responsibilities

Conduct thorough initial assessments of SBA loan applicants, including evaluating their eligibility based on SBA and bank guidelines.
Perform necessary field visits to gather firsthand knowledge of applicants’ businesses and operations.
Collect and analyze detailed financial statements, including income statements, balance sheets, and cash flow projections.
Spread financial statements into the bank’s financial analysis software to evaluate creditworthiness.
Review and verify supporting documents, such as credit reports, appraisals, business plans, and personal guarantees.
Prepare comprehensive SBA loan credit presentations (CCRs) that outline the risk analysis, loan structure, and repayment capacity.
Present loan recommendations to the bank’s internal credit committee for approval, ensuring compliance with SBA policies and SOP 50 10 requirements.
Prepare detailed SBA loan packages, ensuring all required documentation and certifications are included.
Submit complete packages to the respective US SBA Department for approval, maintaining open communication to address any follow-up requests.
Monitor and manage a portfolio of SBA loans, ensuring timely repayments, adherence to covenants, and resolution of any delinquencies.
Identify potential risk exposures within the portfolio and recommend proactive solutions to mitigate risks.
Analyze and prepare SBA loan servicing requests, such as modifications, deferments, or extensions, in accordance with bank and SBA guidelines.
Collaborate with the loan closing team to ensure timely and accurate loan disbursements while adhering to SBA requirements.
Maintain ongoing communication with borrowers to provide guidance and support throughout the loan lifecycle.
Contact customers for payment collection and proactively address any potential repayment issues to minimize delinquencies.