Job Information
Sound Credit Union SBA Business Loan Officer in Tacoma, Washington
Job Details Level Experienced Job Location Pacific Plaza - Tacoma, WA Position Type Full Time Education Level Bachelor's Degree or equivalent exp Salary Range $108,800.00 - $163,200.00 Salary Travel Percentage Up to 25% Job Shift M-F, Varies - Evenings and Weekends Job Category Business Development Description Sound is looking for... A SBA Business Loan Officer to join our team! As the SBA Business Loan Officer you will work with business owners to help generate business loans from current and potential members on loan requests exceeding $500,000, with an emphasis on Small Business Administration (SBA) 7(a) loans (Owner-Occupied Commercial Real Estate, Commercial Lines of Credit (LOC) and Commercial Term Loans). In this role you will be responsible for partnering with the Business Services team to assist business members with Business Deposit Accounts and other Business Services product offerings. At Sound you will experience... Our purpose which is "to stand with you through all waves of life". Every day, our employees help us to live this purpose. We believe in empowering our employees to do the right thing. A diverse workforce with an inclusive and supportive environment. Besides competitive pay, we offer career growth, and we hold a benefits package that's consistent with our purpose, personalities, and values. Teams that are living out the credit union philosophy of "people helping people". Fellow employees who are dependable, genuine, inclusive, and resourceful. Leaders of Sound Credit Union who embrace our Brand Purpose. At Sound, we recognize our actions strongly impact our Brand-led culture. Therefore, we commit to consistently serve as Brand Advocates by modeling desired behaviors to inspire others through being Supportive, Open, Unified, iNclusive, and by Doing the right thing. As a SBA Business Loan Officer you will... Develop and implement calling efforts for business members, focusing on new relationship creation, relationship expansion and external referral sources. Generate leads through branch network and referrals, calling existing contacts and internal partners to develop loans and deposits. Participate in local and community activities, and cold calling, if necessary, to generate business. Maintain a list of referral sources and COI's such as brokers and maintain an active and progressing pipeline of loans. Solicit new small business members in assigned territory, identify needs, and make appropriate product recommendations to prospects. Identify and develop contacts and leads to generate Member Business Loans using such programs as Small Business Administration (SBA) loan financing for small businesses. Develop loan packages and gather pertinent financial information. Upon approval, deliver terms and review details with the Borrower. Collaborate with branch staff, along with the use of networking and referral activities to identify small business prospects as well as generating new leads. This includes attending SBA events, engaging with the local SBA district office and networking with local business advisors (SCORE and Washington Small Business Development Center(s)). On a case-by-case basis, this position will be able to work on non-SBA loans, particularly when it comes to relationship management and when part of an SBA request may require a conventional loan. Assist and train branch employees on the basics of SBA business lending (i.e., taking in new loan referrals). Conduct efficient and thorough credit pre-screen analysis on loan requests to determine credit worthiness. Prepare credit memoranda with corresponding attachments to accurately present pertinent credit risks and provide applicable recommendations to Business Credit Team and pre