SBA Eligibility Specialist Job Opening

SBA Eligibility Specialist

Choice Financial Group

Fargo, North Dakota
Category: Financial Analyst

Premier Experience

Choice Bank team members are inspired to promote and enhance the Choice Bank brand; Provide the personal touch that exemplifies our Premier customer Experience; Maintain strict confidentiality when it comes to our customer’s personal and financial information; Maintain a positive, productive, and enjoyable work environment compatible with our Vision and Core Values.


The SBA Eligibility Specialist is responsible for making eligibility determination with regards to Small Business Administration (SBA) eligibility rules. He/she verifies due diligence, approval, and determinations of SBA loans to ensure loan closure in accordance with approval. He/she is responsible for the approval of servicing actions and liquidations of SBA loans. Additionally, he/she will act as a backup for the underwriting process of SBA loans. This position utilizes SBA generalist knowledge and serves as a liaison for all parties contributing to the SBA loan transaction.

Core Responsibilities

SBA Eligibility Determination and Documentation

  • Determines eligibility of SBA application abiding by SOP rules

  • Serves as a point of contact for lenders and clients in need of eligibility expertise

  • Disseminates accurate and consistent information on eligibility requirements; deals directly with client to communicate the terms and benefits of SBA approval

  • Creatively seeks solutions to eligibility challenges and reviews with manager when not fitting within normal protocol

  • Completes loan packages in compliance with bank credit policies, SBA SOP’s and regulations;

  • Ensures loan files contain the documentation needed to avoid SBA repairs or denials of SBA liability;

  • Oversees the SBA process from borrower list to closing to ensure a smooth process;

  • Notifies lenders and clients of missing information; keeps abreast of changes to SBA SOP’s and recommends/implements changes needed to ensure compliance

SBA Portfolio Servicing

  • Work directly with lenders to obtain SBA approval on any servicing actions, including modifications to terms on existing SBA loans.

  • Prepares packages for obtaining SBA guaranty payment.

  • Completes file reviews and downgrade file reviews to help ensure the overall soundness of the SBA loan files, SBA portfolio and to ensure a positive outcome on onsite lender reviews.

  • Serves as a backup for SBA Administrator for handling loan closings and disbursing

  • Works with lenders and clients on loan accounting and payment issues.

  • Performs file reviews and audits as assigned.

  • Assists in maintaining an up-to-date SBA procedures

SBA Underwriting

  • Acts as backup to SBA underwriting team as needed

  • Ensures SBA credit requirements are in the file

  • Offer general consultative and technical support to lenders and analysts in regard to all SBA programs, including SBA 7a and 504 loans


  • Maintain a high level of knowledge on all SBA loan products along with policy and procedures.

  • Attend training provided by SBA, NAGGL, or any other applicable resource on SBA loan programs.


  • 2 - 3 years: Years of credit analysis/underwriting experience


  • Bachelors or better in Business Administration or related field


  • Embraces change and encourages innovation
  • Commits to customers with undivided attention
  • Keeps confidentiality
  • Has a little fun
  • Knows when to offer and ask for help
  • Fosters direct and honest communication
  • Solves problems & makes decisions
  • Respects self and others
  • Does the right thing
  • Completes work timely and accurately
  • Works hard


  • Functional Expert: Considered a thought leader on a subject
  • Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
  • Team Player: Works well as a member of a group
  • Dedicated: Devoted to a task or purpose with loyalty or integrity

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.