SBA Closer

Commercial Bank of California•California City, CA

3d•$75,000 - $95,000•Hybrid

About The Position

The SBA Closer processes, closes, and coordinates SBA loan requests to ensure compliance with SBA regulations and bank policies. The position verifies borrower eligibility, prepares and reviews loan documentation, orders third-party reports, and manages pre- and post-closing requirements. It supports the lending team by ensuring loan closings are timely and accurate. The role handles SBA 7(a), Express, and 504 loans, including E-Tran submissions, documentation, eligibility and compliance checks, collateral and lien review, closing coordination, funding, and post-closing follow-up. It also maintains accurate electronic loan files, tracks collateral documents and lien releases, manages third-party fee records, assists borrowers and bank staff with inquiries, and researches loan or audit exceptions. The position is full-time, exempt, and hybrid/remote eligible in California.

Requirements

Bachelor’s degree in business administration, finance, accounting, or a related field and 5 or more years of related experience, or an equivalent combination of education and experience.
At least three years of SBA or commercial banking experience; client-facing experience is preferred.
Knowledge of SBA loan programs, including 7(a), Express, and 504, and SBA SOP 50 10.
Proficiency with E-Tran for SBA loan submissions and reporting.
Ability to conduct and analyze SAM.gov, CAIVRS, and OFAC searches.
Strong understanding of loan documentation, including title policies, UCC filings, flood documents, and collateral documents.
Experience with loan documentation, including documentation prepared by outside counsel.
Exceptional attention to detail and follow-through on complex transactions.
Excellent written and verbal communication skills.
Ability to manage demanding workloads with strong time-management and organizational skills.
Proficiency with Microsoft Office, particularly Excel and Word.
Strong interpersonal skills and ability to work collaboratively with internal and external partners.
Ability to accept constructive feedback and follow policies, work rules, and directions.
High school diploma or GED equivalent required.
Technological proficiency with Microsoft Office and industry-specific software.
Ability to lead and motivate employees to complete tasks in accordance with established standards.
Research and analysis skills to resolve issues.
Ability to work effectively independently and as part of a team.

Nice To Haves

Three to five years of experience in SBA, commercial banking, or lending.
Client-facing SBA or commercial banking experience.

Responsibilities

Process new and existing SBA 7(a), Express, and 504 loan requests in accordance with SBA SOP guidelines and approved credit memos.
Enter and update loan information in E-Tran and ensure required data is accurate and regulatory requirements are met before submission.
Review approved credit memos, prepare lists of missing items, and verify that required documentation is received, reviewed, and properly executed.
Verify IRS transcripts for borrower tax compliance before closing.
Verify borrower and affiliate eligibility and order or review SAM.gov, CAIVRS, OFAC, and other compliance checks.
Prepare and review loan closing documents and ensure closing conditions are met and documents are fully executed before funding.
Order and track services needed to complete loans, including UCC searches and filings, certificates of good standing, CIP verification, and real estate tax services.
Review UCC searches and preliminary title reports to confirm lien positions and identify existing liens.
Order and track payoff demands and confirm accurate payoff amounts and proper lien releases before funding.
Review flood determination certificates and order and review insurance certificates for compliance with SBA and bank requirements.
Coordinate closings with borrowers, underwriters, BDOs, title companies, and escrow companies; review settlement statements and resolve outstanding pre-closing issues.
Close and disburse loan proceeds in accordance with applicable laws, bank policy, regulations, and approved credit approvals.
Maintain electronic loan files according to SBA and bank standards.
Maintain a tickler system for post-closing collateral documents, including recorded documents, final title policies, UCC filings and post-searches, vehicle titles, and deposit collateral holds.
Track recorded lien releases and payoff confirmations to verify prior obligations have been cleared.
Maintain third-party fee worksheets and logs to support timely vendor payment.
Assist borrowers and bank personnel with loan-document inquiries and related correspondence and telephone inquiries.
Research and correct loan exceptions, including audit exceptions, as directed.
Comply with bank policies, procedures, and regulatory requirements, including BSA/AML, OFAC, the USA PATRIOT Act, the Privacy Act, and the Community Reinvestment Act.
Perform identification and information-gathering duties for parties subject to Customer Information Program and Customer Due Diligence requirements.
Use sound decision-making within assigned approval limits and refer inquiries to appropriate personnel, following through with customers and staff.
Assume department functions during staff absences or workload surges as needed.
Uphold organizational values, ethical conduct, respect, integrity, and EEO policies; support a respectful and harassment-free workplace.
Perform work safely, report potentially unsafe conditions, and comply with applicable occupational safety and health requirements.
Perform other duties as assigned.