Loan Specialist (Commercial)

SBA

About the organization

Are you excited by the idea of helping to support $39 billion in small business financing and setting proper conditions to stimulate America's economic growth? SBA has been a leader in small business development for more than 60 years. In an increasingly globalized economy, we tackle challenges confronted by the small business community across geographic boundaries. Although times have changed since the SBA was founded in 1953, the Agency's mission-to promote the growth of small business-has not. Today, SBA is more vital than ever. We work in collaboration with partner organizations and using cutting-edge technologies and well-tested best practices to multiply our impact on small businesses.

This position is located in the Office of Capital Access in one of the following: Citrus Heights, CA; Fresno, CA; Little Rock, AR; or Hazard, KY.

Appointment type - Temporary - 1 year

Duties

As a Loan Specialist (Commercial), GS-09, you will perform the following duties:
-Evaluates commercial loan requests which might contain limited information and investigates essential application characteristics to determine if the applicant business is eligible for the 7(a)/504 program (e.g., is the loan properly structured; meets collateral and other requirements; and includes all necessary conditions).
-Assesses managements' experience and past performance to determine the potential for successful operation of the business.
-Prepares reports on the merits of applicants' commercial loan request, addressing eligibility and overall credit quality.
-Investigates essential commercial credit factors to determine the merits of granting the loan with the assurance of repayment.
-Makes recommendations to approve or decline commercial loan requests.
-If approval is recommended, structures loan terms and conditions suitable to protect the interests of the Government and prepares a Loan Authorization.
-Explains Small Business Administration's commercial loan programs and associated credit risk factors to lenders.
-Discusses commercial loan eligibility, loan structure, and credit factors with lenders and lending partners.

Qualifications

See application link for additional information.

GS-9: One year (12-months) of specialized work experience equivalent to the GS-07 grade level in the federal service (obtained in either the private or public sector) performing the following: explains commercial loan programs (e.g., SBA 7(a)/504 loan programs or lending institutions loan programs) and associated credit risk factors to lenders and lending partners; AND analyzes less complex commercial loan applications (e.g., SBA 7(a)/504 loan programs or lending institutions loan programs) for program eligibility and creditworthiness.

OR

GS-9: Master's degree or equivalent graduate degree OR 2 full years of progressively higher level graduate education leading to such a degree in the following fields: finance, accounting, banking and credit, or other related coursework; OR LL.B or J.D. if related. (You MUST submit a copy of your transcript(s) if you are basing all or part of your qualifications on education).

OR

COMBINATION OF EDUCATION AND EXPERIENCE

Salary

$52,905 to $77,396 per year

Application instructions

Contact email: [email protected]

Please see link to application.

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