SBA Business Development Officer jobs in Colorado

SBA Business Development Officer develops and structures loans and markets other banking products and services to Small Business Administration (SBA) eligible small and medium sized businesses. Reviews required customer financial information and coordinates with SBA to provide a lending solution for the customer. Being a SBA Business Development Officer structures the SBA loan proposals, completes initial underwriting, and prepares credit package that complies with all applicable regulations and SBA guidelines. Requires a bachelor's degree. Additionally, SBA Business Development Officer typically reports to a manager or head of a unit/department. The SBA Business Development Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a SBA Business Development Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Business Development Officer, SBA
  • Alerus Financial
  • Denver, CO FULL_TIME
  • Description

    Position Summary:
    The Small Business Administration (SBA) Business Development Officer is responsible for developing, soliciting, and promoting new SBA loans independently by working and maintaining relationships primarily with outside referral partners. The role will be responsible for developing and maintaining strong relationships with SBA oriented centers of influence, generate new loan applications, negotiate terms, prepare loan proposals, present complete credit requests to executive management, assist with closing approved loans and maintain a working relationship with current and potential borrowers.

    Essential Responsibilities:
    Job Function 1: Client Consultation & Service - 50%

    • Prospect, structure and originate new SBA 7(a) loans and SBA 504 loans.
    • Obtain complete financial statements and other required documents from prospective borrowers.
    • Assists with detailed analysis of financial data to determine whether proposed application meets lending criteria outlined in the bank's business banking policy and procedures.
    • Prepares and submits complete SBA loan packages for credit approval through the bank's SPARK SBA workflow platform.
    • Present loan for approval using the bank's established credit policy and procedures. This includes structuring the loan for sale on the secondary market, if applicable.
    • Generate and close a minimum of $10 million in SBA 7(a) loans each calendar year. Goals may change at bank's discretion.
    • Maintains and applies a thorough understanding of the bank's credit policy, SBA eligibility, and all necessary practices to ensure the submission of accurate and complete loan packages.

    Job Function 2: Development and maintenance of targeted referral sources and direct SBA clients - 30%

    • Place calls to prospective clients to discuss their financial needs and objectives by making outside sales calls, channel contacts, and through other forms of network building.
    • Actively represent Alerus in the marketplace by establishing a network of influencers, active involvement in community organizations (i.e. Chamber, Rotary, industry trade groups, etc.) and participation in networking organizations.
    • Utilize CRM software to track new opportunities and schedule prospecting follow-up communication.

    Job Function 3: Professional & Personal Development - 20%

    • Maintain an advanced level of knowledge encompassing the financial services industry, stay current on trends that impact Alerus' relevancy in its competitive space.
    • Maintain a current expert level knowledge of changing SBA Standard Operating Procedures
    • Assume responsibility for career growth and development. Actively pursue continuing education, reading, and self-development to enhance skills.
    • Build solid working relationships with team members, acting as a resource for others including a commitment to professional development of personal financial guides, business advisors, and associates.

    Position Requirements:
    Qualifications:

    • Bachelor's degree in Business, Finance or related field or equivalent work experience required.
    • Minimum 5 years of Business/Commercial lending experience, along with credit underwriting and credit administration.
    • Minimum of 3 years of SBA specific sales experience.
    • Demonstrated expert level knowledge of SBA Standard Operating Procedures.
    • Demonstrated expertise in assessing a client's financial needs and making proactive recommendations.
    • Demonstrated ability to deliver solutions in a team based approach.
    • Previous experience utilizing CRM software to track and manage sales opportunities.
    • Demonstrated record of proven sales ability and client service abilities.
    • Demonstrated ability to present to business leaders and executives.
    • Proven written and verbal communication skills.
    • Established interpersonal and negotiating skills.

    Personal Characteristics:

    • Self-motivated with demonstrated initiative, creativity and enthusiasm to develop sales strategy, prospects and client relationships.
    • Effective communication skills and willingness to work with a team.
    • Strong organizational and time management skills.
    • Ability to manage multiple phases of the sales process.
    • Passionate about serving clients to positive impact their financial wellness.
    • Proven problem-solver.
    • Ability to manage the stressful nature of the work and maintain professional composure, attitude, and behavior at all events.

    Physical Demands - Must be met with or without a reasonable accommodation:

    • Extended periods of time at a desk and using office equipment.
    • Ability to operate a personal computer/laptop for approximately 8 hours per day.
    • Extended time is spent reviewing physical and electronic documents.
    • The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision.
    • Periodically, may also do light lifting of supplies and materials which weighs in at approximately 20 lbs.
    • Will spend most of time in an indoor environment.
    • Ability to travel as needed to other markets and locations.

    Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.



    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

     

  • Just Posted

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SBA Business Development Officer
  • Adams, Inc.
  • Denver, CO FULL_TIME
  • CMCO67407 – SBA Business Development Officer – Denver, CO Our client is a Regional Bank Holding Company that is seeking an SBA New Business Development Officer for the Denver, Colorado area. This indi...
  • 9 Days Ago

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Business Development Officer
  • Roofing Company
  • Denver, CO FULL_TIME
  • This is a great position for an individual who is: Disciplined Organized Connected to the Industry High Energy Sales Motivated Great Communicator Likes to Engage & Entertain Responsibilities: Responsi...
  • 22 Days Ago

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Fractional CFO and Business Development Officer
  • Ascent CFO Solutions
  • Denver, CO FULL_TIME
  • If you’re excited to join an established Fractional CFO firm and work on a flexible schedule for a variety of interesting companies, then this role could be for you! Ascent CFO Solutions is looking fo...
  • 28 Days Ago

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Business Development Representative
  • FRONTIER BUSINESS PRODUCTS
  • Denver, CO FULL_TIME
  • Are you ready to start a career in Tech Sales? Do you thrive on success and the ability to help local businesses succeed? Ready to earn top dollar with a company who you can stand behind, and service ...
  • Just Posted

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Business Development Representative
  • FRONTIER BUSINESS PRODUCTS
  • Commerce, CO FULL_TIME
  • Are you ready to start a career in Tech Sales? Do you thrive on success and the ability to help local businesses succeed? Ready to earn top dollar with a company who you can stand behind, and service ...
  • Just Posted

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Business Development Officer (SBA)
  • Valley Bank
  • Fort Lauderdale, FL
  • The Small Business Administration (SBA) Business Development Officer will identify, market, and sell SBA Products in the...
  • 3/28/2024 12:00:00 AM

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Business Development Officer (SBA)
  • Valley Bank
  • Fort Lauderdale, FL
  • The Small Business Administration (SBA) Business Development Officer will identify, market, and sell SBA Products in the...
  • 3/27/2024 12:00:00 AM

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SBA Business Development Officer
  • CrossFirst Bank
  • Dallas, TX
  • Overview The SBA Business Development Officer builds a customer base of new clients through prospecting, community invol...
  • 3/27/2024 12:00:00 AM

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SBA Business Development Officer (Work from Home)
  • Careerbuilder
  • Fort Lauderdale, FL
  • Job Description Job Description Salary: iBusiness Funding, LLC is a technology company focused on our mission to provide...
  • 3/27/2024 12:00:00 AM

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VP, Healthcare Business Development Officer - Fort Lauderdale/Miami
  • Citigroup Inc.
  • Fort Lauderdale, FL
  • The Healthcare Business Development officer will execute integrated sales, service and relationship strategies to suppor...
  • 3/26/2024 12:00:00 AM

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SBA Underwriter
  • CrossFirst Bank
  • Phoenix, AZ
  • Overview: The SBA Underwriter delivers detailed quantitative and qualitative credit analysis and underwriting for SBA 7a...
  • 3/25/2024 12:00:00 AM

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SBA Business Development Officer
  • Meridian Bank
  • Philadelphia, PA
  • Position summary: Responsible for the origination of SBA loans for the SBA Lending Department; Employee will work direct...
  • 3/24/2024 12:00:00 AM

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VP, Healthcare Business Development Officer - Fort Lauderdale/Miami
  • Citigroup
  • Fort Lauderdale, FL
  • The Healthcare Business Development officer will execute integrated sales, service and relationship strategies to suppor...
  • 3/24/2024 12:00:00 AM

Colorado (/ˌkɒləˈrædoʊ, -ˈrɑːdoʊ/ (listen), other variants) is a state of the Western United States encompassing most of the southern Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains. It is the 8th most extensive and 21st most populous U.S. state. The estimated population of Colorado was 5,695,564 on July 1, 2018, an increase of 13.25% since the 2010 United States Census. The state was named for the Colorado River, which early Spanish explorers named the Río Colorado for the ruddy silt the river carried from the mountains. The...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for SBA Business Development Officer jobs
$80,396 to $115,974

SBA Business Development Officer in Port Arthur, TX
You’re someone who wants to influence your own development.
February 03, 2020
SBA Business Development Officer in Oakland, CA
Barot brings proven success in SBA production to Seacoast’s SBA Division and will be helping small businesses facilitate the acquisition, development, and refinance of their commercial real estate properties.
February 23, 2020
SBA Business Development Officer in Hialeah, FL
Proper tracking of internal referrals from the Bank team and Loan Officers, communicate/update referral source throughout the process.
December 17, 2019