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Compensation

Full Description

Who We Are: VelocitySBA provides small business owners with access to growth capital through the SBA loan program. Having access to small business financing can give you the security and freedom to focus on other aspects of running your business. We can help you purchase commercial real estate and equipment, provide growth capital financing, deliver debt refinance solutions, aide with business acquisition/partner buyout, and assist small business owners with their startups. What’s in it for You: VelocitySBA is one of the fastest growing SBA lending institutions in the country and is actively seeking motivated individuals interested in a career in business finance. Areas of opportunity include sales/business development, underwriting, closing, servicing, marketing and more as our organization very actively implements our national growth strategy. VelocitySBA offers distinctly a team culture that is more synergistic and collaborative than typical for financial institutions, creating a stimulating and enjoyable workplace environment. Candidates joining the VelocitySBA team can expect professional development and growth working alongside the best SBA professionals in the industry. Become a part of our team and immerse yourself in a company that fosters a Great Place to Work™ culture! What You’ll Do: The SBA Franchise Business Development Officer is responsible for generating new business opportunities for the VelocitySBA Franchise Division. This includes building and maintaining relationships with franchisors, franchise brokers, and prospective franchisees. The primary goal is to drive growth by securing financing deals within the franchise sector. Job Duties & Responsibilities: • Generate viable SBA 7(a) loan opportunities via external direct and indirect marketing channels and meet annual loan volume and pricing targets. • Establish and maintain direct relationships with Franchisors and Franchise Aggregators and Referral Sources. • Manage loan workflow, financial analysis and closing requirements. • Determine 7(a) loan eligibility under SBA SOP and general prudent lending practices. • Responsible to prepare and deliver accurate loan applications and loan prescreen form. • Update pipeline report and attend weekly pipeline meeting attended by the senior leadership team including the President, Sales Manager, Chief Credit Officer, Credit Administrator, Operation Manager and Closing/Documentation Manager. • Collaborate with Credit and Closing teams to efficiently process transactions. • Ensure all loan requests are compliant to the policies and procedures of VelocitySBA. • Manage new and existing 3rd party loan agents and ensure the agents meet VelocitySBA standards. • Responsible for working with multiple parties to ensure information is obtained/received at various stages throughout the loan process, and assisting with ordering appraisals and environmental reports, as applicable. • Oversee multiple transactions concurrently to ensure all active loan applications are moving forward and current status is reported on the Pipeline Report. • Maintain a working knowledge of VelocitySBA’s written policies and procedures regarding Regulation B, Bank Secrecy Act, Bank Security and all other regulations applicable to this job description. • Actively learns, demonstrates, and fosters VelocitySBA corporate culture in all actions and words. • Takes personal initiative and is a positive example for others to emulate. • Embraces all goals and objectives of VelocitySBA. • May perform other duties as assigned. Required Qualifications: • 3 years of SBA lending experience with US based bank or non-bank lending institution. • Bachelor’s degree preferred or equivalent experience. • Ability to understand financial/credit policies, financial statements and structure credit facilities of targets • Ability to maintain efficient workflow • Professional speaking and presentation skills • Full understanding and knowledge of SBA eligibility and guidelines • Ability to identify and mitigate credit risks • Ability to analyze and interpret financial statements, business reports and legal documents • Good judgment and problem-solving skills • Proficient business writing skills Compensation: • Base Salary: $90,000-$120,000/year (based on experience and qualifications) • Plus Bonus Incentive Physical Requirements: • Must be able to pass post offer drug test Benefits Velocity Vehicle Group Offers: Fantastic Culture • 401k + match • Health, Dental & Vision Insurance + HSA & FSA • Employer paid Life Insurance • Paid Vacation Days • Sick Leave • Company perks such as employee discounts, company events and training programs • Excellent Training and Career Advancement Opportunities Velocity Vehicle Group is an equal opportunity employer. Velocity Vehicle Group prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.