Business Development – Lending Specialist

This is a fully remote position, open to applicants in Rhode Island.

📋 Description

• Collaborate with entrepreneurs to evaluate the robustness and format of Letters of Intent (LOIs) prior to submission.

• Offer insights on deal structuring, including seller notes that comply with SBA 7a underwriting standards.

• Assist in the creation and assessment of datarooms to guarantee thoroughness and lender readiness.

• Act as a trusted advisor in preparing borrowers for discussions on underwriting and funding.

• Oversee our pipeline of entrepreneurs as they progress through various stages, from review of intake forms to securing countersigned LOIs and term sheets.

• Take ownership of and grow NMC’s network of lenders, particularly SBA 7(a) partners and Community Development Financial Institutions (CDFIs).

• Connect entrepreneurs with suitable lenders based on deal profile, geographic location, and compatibility.

• Stay informed about changes in SBA policies and provide guidance to entrepreneurs accordingly.

• Serve as an intermediary between borrowers and banks, addressing obstacles and discrepancies.

• Represent NMC at lending, ETA, and small business finance events.

• Engage in our bETA accelerator as a speaker and mentor focused on loan preparation and processes.

• Contribute to the development of curriculum related to capital readiness, lender engagement, and SBA literacy.

⛳️ Requirements

• 3–5+ years of experience in SBA 7(a) lending, either in originations or underwriting.

• Strong understanding of deal flow, loan structuring, and credit risk assessment.

• Experience collaborating with small business owners or acquisition entrepreneurs.

• Exceptional relationship-building abilities with both entrepreneurs and lenders.

• A business development mindset complemented by customer service experience.

• Familiarity with self-funded ETA or search funds (Bonus Points).

• Experience in presenting or contributing to educational programs for entrepreneurs (Bonus Points).

• Established connections with lenders or credit officers at SBA-active banks (Bonus Points).

🏝️ Benefits

• 100% company-covered health insurance plans.

• Company-sponsored 401(k) retirement savings plan with a 3% company match.

• New employees receive 15 vacation days, 6 personal days, and 10 sick days.