SBA Underwriter - Franchise Specialist

Our client is a well known regional bank in the US looking to add an SBA Underwriter specializing in Franchise lending.

Position Overview: As an SBA Underwriter specializing in Franchise 7(a) Loans, you will play a critical role in evaluating and underwriting SBA 7(a) loan applications specifically for franchise businesses. Your expertise will ensure that loan applications are processed efficiently and adhere to SBA guidelines and regulations. This role demands a keen understanding of franchise operations, SBA lending requirements, and a commitment to delivering exceptional service to our clients.

Key Responsibilities:

• Loan Evaluation: Review and analyze SBA 7(a) loan applications for franchise businesses, ensuring compliance with SBA regulations and internal credit policies.
• Financial Analysis: Conduct thorough financial assessments, including evaluating business financial statements, cash flow projections, and creditworthiness of franchise borrowers.
• Risk Assessment: Identify and assess potential risks associated with franchise loans, making recommendations for risk mitigation and ensuring that loans meet the bank's credit criteria.
• Documentation Review: Ensure all required documentation is complete and accurate, including franchise agreements, business plans, and personal financial statements.
• Collaboration: Work closely with loan officers, business development teams, and clients to gather necessary information and provide guidance throughout the loan application process.
• Decision Making: Make informed underwriting decisions based on analysis and assessment, and provide clear rationale for approvals, denials, or additional requirements.
• Compliance: Stay updated on SBA guidelines, franchise industry trends, and changes in regulations to ensure ongoing compliance and best practices.
• Customer Service: Provide exceptional service to franchise clients, addressing inquiries, and providing updates on loan status.

Qualifications:

• Experience: Minimum of 3-5 years of underwriting experience with a focus on SBA 7(a) loans, preferably with experience in franchise lending.
• Knowledge: In-depth understanding of SBA lending guidelines, franchise business models, and credit analysis.
• Skills: Strong analytical skills, attention to detail, and the ability to interpret financial data and make sound underwriting decisions.
• Communication: Excellent verbal and written communication skills with the ability to explain complex financial information in a clear and concise manner.
• Education: Bachelor’s degree in Finance, Business Administration, or a related field. Relevant certifications or training in SBA lending are a plus.