Credit Officer, VSBA Credit Department

Velocity Vehicle Group•Costa Mesa, CA

14h•$95,000 - $115,000

About The Position

VelocitySBA provides small business owners with access to growth capital through the SBA loan program. Having access to small business financing can give you the security and freedom to focus on other aspects of running your business. We can help you purchase commercial real estate and equipment, provide growth capital financing, deliver debt refinance solutions, aide with business acquisition/partner buyout, and assist small business owners with their startups. VelocitySBA is one of the fastest growing SBA lending institutions in the country and is actively seeking motivated individuals interested in a career in business finance. Areas of opportunity include sales/business development, underwriting, closing, servicing, marketing and more as our organization very actively implements our national growth strategy. VelocitySBA offers distinctly a team culture that is more synergistic and collaborative than typical for financial institutions, creating a stimulating and enjoyable workplace environment. Candidates joining the VelocitySBA team can expect professional development and growth working alongside the best SBA professionals in the industry. Become a part of our team and immerse yourself in a company that fosters a Great Place to Work™ culture!

Requirements

Minimum 3-5 years of underwriting and spreading of SBA 7(a) loans
Professional speaking and presentation skills
Basic understanding and knowledge of SBA eligibility and guidelines
Ability to identify and mitigate credit risks
Ability to analyze and interpret financial statements, business reports and legal documents
Good judgment and problem-solving skills
Proficient business writing skills

Responsibilities

Responsible for underwriting and conducting due diligence of SBA 7a loan transactions under the supervision of the Credit Team Lead and/or Credit Manager.
Spread and analyze financial information of loan applicants and evaluate the information according to internal Credit Policies & Procedures.
Order 3rd party reports (e.g. Appraisal, Environmental, or Business Valuation) with approval from Credit Team Lead and/or Credit Manager.
Prepare Credit Memorandum and ensure it is underwritten to the policies and procedures of Crossroads Small Business Solutions and the SBA.
Coordinates processing of approved loans and ensuring that loans are processed according to customer needs and conforming to internal lending policies.
Exercise discretionary and independent judgment in preparing and recommending credit approval to the Management Loan Committee.
Coordinate with the Closing Team to efficiently process transactions.