SBA Loan Closer

Fifth Third Bank • Virtual - Ohio, OH

2d • $54,400 - $111,500 • Remote

About The Position

The SBA Loan Closer is responsible for guiding clients and their professional teams through the SBA lending process, ensuring full compliance with SBA Standard Operating Procedures (SOP) and internal policies. This role manages the closing cycle from structure review to final funding, providing accurate and timely communication to deliver exceptional client experience. Acting as the primary facilitator, the SBA Loan Closer ensures loans are documented, collateralized, and funded in accordance with SBA requirements while meeting workflow deadlines and service level agreements.

Requirements

• Bachelor’s degree or equivalent work experience.
• Strong foundation in SBA loan closing and documentation.
• Commitment to regulatory compliance and client service.
• High degree of proficiency (typically from 3–5 years of work or practical experience) in SBA Loan Processing: Managing an active pipeline of SBA 7(a) and Express loans, including complex structures and multi-facility transactions.
• High degree of proficiency in Regulatory Compliance: Interpreting and applying SBA SOP guidelines throughout the closing process to ensure compliance.
• High degree of proficiency in Credit Review: Reviewing and validating credit approvals, authorization documents, and closing conditions for SBA eligibility.
• High degree of proficiency in Documentation Management: Ensuring loans are properly collateralized, documented, and disbursed per SBA and Bank standards.
• High degree of proficiency in Client Communication: Communicating closing conditions and funding timelines clearly to borrowers and stakeholders.
• High degree of proficiency in Collaboration: Partnering with clients, advisors, internal teams, legal counsel, and third-party providers (e.g., title, escrow, appraisers, environmental) to meet SBA closing requirements.
• High degree of proficiency in Document Review: Conducting detailed document reviews to confirm SBA compliance and resolve issues with minimal oversight.
• High degree of proficiency in Organization & Prioritization: Managing multiple transactions and deadlines with strong attention to detail.
• High degree of proficiency in Technology Proficiency: Using Microsoft Office tools (Outlook, Word, Excel, PowerPoint) effectively.
• High degree of proficiency in Customer Service: Demonstrating professionalism, responsiveness, and trust-building in client interactions.

Responsibilities

• Manage an active pipeline of SBA 7(a) and Express loans, including complex structures and multi-facility transactions.
• Interpret and apply SBA SOP guidelines throughout the closing process to ensure compliance.
• Conduct detailed document reviews to confirm SBA compliance and resolve issues with minimal oversight.
• Partner with clients and advisors to collect and review both SBA-required and lender required documentation (e.g., leases, franchise agreements, purchase/sale agreements, financials).
• Building trust, resolving concerns, and maintaining a high standard of professionalism in all borrower interactions.
• Communicate closing conditions and funding timelines clearly to borrowers and stakeholders, ensuring accuracy and professionalism.
• Review and validate credit approvals, authorization documents, and closing conditions for SBA eligibility.
• Ensure loans are properly collateralized, documented, and disbursed per SBA and Bank standards.
• Collaborate with internal teams, legal counsel, and third-party providers (title, escrow, appraisers, environmental) to meet SBA closing requirements.
• Performing other duties as assigned, adapting to new tasks or shifts in priorities as necessary to support your team’s and the company’s mission.

Benefits

• Comprehensive benefits
• Differentiated compensation offerings
• Incentive compensation plan
• Extensive benefits programs designed to support the individual needs of employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree