SBA Disbursement Coordinator

ConnectOne Bank • Nanuet, NY

12h • Hybrid

About The Position

The SBA Disbursement Coordinator plays a key role in supporting the post-approval and post-closing phases of SBA-backed loans. This position manages construction and multi-advance disbursements, ensures documentation accuracy, and maintains compliance with SBA and bank requirements. The role works closely with borrowers, contractors, inspectors, and internal teams to ensure timely and accurate disbursement of SBA government-guaranteed loan products.

Requirements

• Strong “People First” interest and ability.
• Strong understanding of SBA 7(a), 504, and SBA Express loan programs.
• Experience with construction lending, multi-advance disbursements, or loan servicing preferred.
• Familiarity with collateral perfection requirements and regulatory compliance.
• Strong organizational skills with the ability to maintain audit-ready files.
• Ability to manage multiple loans and deadlines simultaneously.
• Problem-solving mindset with the ability to resolve issues with borrowers and vendors.
• Minimum 1-3 years of SBA experience

Nice To Haves

• High attention to detail capable of identifying discrepancies in documentation

Responsibilities

• Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing clients excellent service, always striving to make CNOB “A Better Place to Be”
• Process SBA 7(a), 504, and SBA Express loans from initial disbursement through full funding.
• Set up and maintain construction and multi-advance loan disbursement files, ensuring all documentation meets SBA, CNOB, and regulatory standards.
• Review, analyze, and disburse loan draws in accordance with guidelines, securing required approvals from management.
• Collect, track, and maintain required insurance documentation; process updates or modifications as needed.
• Maintain organized, audit-ready loan files to support quality control, internal audits, and SBA compliance reviews.
• Order and review third-party inspection reports and title endorsements; resolve discrepancies with borrowers, contractors, title companies, or internal stakeholders.
• Serve as a primary point of contact for borrowers and vendors throughout the disbursement process.
• Support SBA Operations with additional duties and special projects as assigned.

Benefits

• World class health, vision, and dental benefits on day one
• 401k with employer match
• Hybrid work from home (depending on role)
• Employee appreciation events (team building, softball games, food truck days, etc..)
• Employee assistance programs (EAP)
• Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
• Tuition reimbursement
• Employee Discount perks
• CNOB Community Service Events

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 101-250 employees