Loan Specialist (Commercial)


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; Herndon, VA or Hazard, KY.

Appointment type - Temporary - 1 year


As a Loan Specialist you will perform the following duties:
-Reviews routine and standard consumer and commercial loan documents and determines SBA's rights in the collateral.
-Prepares written recommendations for charge off actions on consumer and commercial loans where all collateral has been disposed of or where SBA determines that further liquidation of collateral is not economically feasible.
-Analyzes financial statements of obligor(s).and endeavors to determine their prospects for continued payment on consumer and commercial loans in connection with modifications of payments or other loan terms.
-Investigates and determines financial responsibility of obligor(s). who may be liable for the payment of indebtedness for use in connection with recommending collection procedures, or legal action to enforce payment.
-Performs variety of tasks for servicing, purchasing and liquidating loans. Contacts lenders, borrowers, and third parties to gather information and make recommendations to maximize recovery to the Agency and minimize loss to the obligor(s).
-Analyzes potential "work-outs" in common situations and develops recommendations.


Please see link to application for additional information.

GS-09: One year of specialized experience, equivalent to at least the GS-07 level in federal service, obtained in either the private or public sector: performing initial analysis of obligor's financial statements and earning potential of a variety of business enterprises or performing commercial collateral appraisals; make initial recommendations for commercial/business loan applications or servicing/liquidation actions; and a demonstrated knowledge of a variety of collateral, business types, loan programs and collection experiences.


GS-09: Successful completion of a master's or equivalent graduate degree in the following major field of study: finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position, such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology; or two (2) full years of progressively higher level graduate education leading to such a degree or LL.B. or J.D., if related.


Combination of Experience and Education


$52,905 to $77,396 per year

Application instructions

Contact email: [email protected]

Please see application link for additional information.

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