SBA Loan Closer

Fifth Third Bank • Virtual - Ohio, OH

1d • $54,400 - $111,500 • Remote

About The Position

Fifth Third Bank is hiring an SBA Loan Closer to manage SBA 7(a) and Express loan closings, including complex structures and multi-facility transactions. The role requires a strong foundation in SBA loan closing and documentation, regulatory compliance, and client service.

The SBA Loan Closer interprets and applies SBA SOP guidelines, reviews loan and supporting documents for SBA compliance and eligibility, and ensures loans are properly collateralized, documented, and disbursed in accordance with SBA and bank standards. The position works with borrowers, advisors, internal teams, legal counsel, and third-party providers to meet closing requirements and communicate conditions and funding timelines clearly.

The role is listed as virtual in Ohio. The annual base pay range is $54,400 to $111,500, and the position is eligible for incentive compensation based on company, business-line, and/or individual performance. Fifth Third describes its benefits as comprehensive and designed to support employees’ physical, financial, emotional, and social well-being; specific benefits are not listed in the posting.

Requirements

• Bachelor’s degree or equivalent work experience.
• Typically 3–5 years of work or practical experience demonstrating proficiency in SBA loan processing, including managing SBA 7(a) and Express loan pipelines with complex structures and multi-facility transactions.
• Proficiency interpreting and applying SBA SOP guidelines during the closing process.
• Proficiency reviewing and validating credit approvals, authorization documents, and closing conditions for SBA eligibility.
• Proficiency ensuring loans are properly collateralized, documented, and disbursed according to SBA and Bank standards.
• Proficiency communicating closing conditions and funding timelines clearly to borrowers and stakeholders.

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 SBA-required and lender-required documentation, such as leases, franchise agreements, purchase/sale agreements, and financials.
• Build trust, resolve concerns, and maintain professionalism in borrower interactions.
• Communicate closing conditions and funding timelines clearly and accurately to borrowers and stakeholders.
• Review and validate credit approvals, authorization documents, and closing conditions for SBA eligibility.
• Ensure loans are properly collateralized, documented, and disbursed according to SBA and Bank standards.
• Collaborate with internal teams, legal counsel, and third-party providers, including title, escrow, appraisal, and environmental providers, to meet SBA closing requirements.
• Perform other assigned duties and adapt to new tasks or shifts in priorities.

Benefits

• Comprehensive benefits programs designed to support employees’ and their families’ physical, financial, emotional, and social well-being.
• Incentive compensation plan eligibility, with payment based on company, line of business, and/or individual performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level