Business Loan Specialist

COALITION FOR RESPONSIBLE COMMUNITY DEVELOPMENT•Los Angeles, CA

81d•$70,000 - $85,000

About The Position

Under the direction of the Director of Economic Development and/or manager, the Business Loan Specialist provides business loan packaging and business consulting and training in business finance to micro enterprises and small business owners leading to job creation.

Requirements

Five (5) years of professional experience in loan packaging, preferably alternative capital loans
Experience in working with small businesses from diverse cultural backgrounds.
Knowledge of business planning, general business practices and business financing a must
Ability to Develop pro forma statements, cash flows and credit analysis.
Reliable, flexible team player who works well with minimal supervision, who has a good work ethic, and an ability to set and maintain personal boundaries.
Ability to strategically utilize time and resources to manage priorities, timelines, deadlines, and details under pressure, with accuracy, and to a high level of proficiency.
Must display professional and appropriate email etiquette
Comfortable in a fast-paced, changing environment and the ability to modify actions, direction or approach to changing situations and expectations in a respectful and professional manner.
Extensive knowledge of various funding sources a must
BA in Business Administration or relevant field
Working knowledge of MS Office
Aptitude in decision-making and problem-solving
Reliable transportation, valid driver license, and car insurance as required by law, as appropriate.
Willing to travel to multiple locations in Southeast LA
Ability to occasionally work after office hours and/or weekends, if necessary
Proficient in Microsoft Office (Excel, Word, Power Point)
Familiarity with CRM platforms and cloud-based software applications
Ability to provide quality customer service and demonstrate a commitment to professionalism and client satisfaction.
Proficient written and oral communication skills

Nice To Haves

Bilingual (Spanish) a plus
Experience in working with economic development program, a plus.

Responsibilities

Provide business consulting to business owners, on a one-on-one or in small groups, in the areas of business and financial planning and general business practices that will result in economic impact within realistic timeframes and resources.
Assist businesses by preparing loan packages for various financing sources including bank and credit union loans, SBA’s, 7a and microloan programs.
To direct businesses to appropriate business resources and refer to alternative financing programs such as CDFI Export, Community Advantage and state loan guarantee programs.
Assist client in gathering documentation application requirements, and preparing financial projections, as needed.
Analyze credit reports, business plans and tax returns to assess loan feasibility.
Develop and conduct training programs in the area of financing for small businesses.
Prepare and submit report, as required.
Coordinate and build relationships with the SBA, State and Banks to ensure successful facilitation of the loan funding process, which includes tracking and on-going client support.
Assist in the development of partnerships with other service providers to increase services to small business clients.
Development and presentation of business finance workshops
Represent the SELA BSC within the community to public and private entities.
Engage in marketing and community and outreach activities.
Assist the Director/Manager in other areas as needed.
Support strategic priorities and goals established in CRCD’s 5-year strategic plan.
Uphold CRCD’s Mission/Vision and 5 Year Strategic Plan.