Business Loan Processing Specialist

This is a fully remote position, open to applicants anywhere in the world.

📋 Description

• Process applications for SBA, SBA Express, working capital, business lines of credit, business credit cards, equipment financing, and various other commercial loans/funding.

• Gather, assess, and arrange the necessary documentation from borrowers.

• Compile complete loan files for submission purposes.

• Confirm the accuracy of documentation and adherence to lender requirements.

• Track loan progress and provide internal updates accordingly.

• Ensure that loan files are thorough and comply with lender submission criteria.

• Keep precise records of loan documentation and processing activities.

• Collaborate with lenders, funding partners, and financial institutions as necessary.

• Aid in file management and compliance throughout the funding process.

• Suggest operational enhancements that boost efficiency and scalability.

• Assist in creating repeatable workflows for loan processing.

• Help in documenting procedures and best practices.

• Spot opportunities to automate routine administrative tasks.

• Contribute to the development of scalable operational systems.

• Maintain spreadsheets and reports for tracking the funding pipeline.

• Organize borrower files and supporting documents effectively.

• Provide support for general administrative tasks associated with business loan processing.

• Assist leadership with operational reporting, workflow management, and updates on the pipeline.

⛳️ Requirements

• Prior experience in processing SBA and SBA Express loans is essential.

• Proven experience in processing working capital loans is mandatory.

• Experience in processing business lines of credit is required.

• Familiarity with processing business credit cards is preferred.

• Experience in processing equipment financing is a plus.

• Background in commercial lending, business funding, or business finance companies is required.

• Strong knowledge of lender documentation standards is essential.

• Familiarity with various commercial funding products and underwriting documentation is necessary.

• Proficiency in Microsoft Excel and Google Sheets is required.

• Excellent organizational and administrative skills are a must.

• Experience in supporting a growing lending operation is preferred.

🏝️ Benefits

• Competitive compensation rates.

• Weekly payment schedules.

• A variety of open roles are available.

• Free training and upskilling opportunities.

• Ongoing support and guidance.

• A vibrant community that is always ready to assist you.

• And more!