SBA Closer

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SBA Loans Full Time Regular Professional California, CA, US

Salary Range: $75,000.00 To $95,000.00 Annually

SBA Closer

Location: California
Job Type: Full-Time | Exempt | Hybrid/Remote Eligible
Salary Range:$75,000 – $95,000 per year

About Commercial Bank of California

Commercial Bank of California (CBC) is the largest Latino-owned bank in California and a certified Minority Depository Institution (MDI). Headquartered in Irvine and founded in 2003, CBC is one of the largest privately held banks in the state, with over $4 billion in assets as of December 2025.

We are a purpose-driven financial institution committed to building long-term relationships and delivering innovative, personalized banking solutions. Our leadership reflects the diverse communities we serve, and our mission is rooted in empowering entrepreneurs, business owners, and community leaders to thrive.

As a certified MDI, CBC is proud to play a vital role in advancing financial inclusion and economic opportunity. We believe in a higher vision for banking—one that prioritizes trust, collaboration, and community impact. Join us and be part of a team that’s redefining what it means to be a community-focused, relationship-driven bank that puts people over profits.

Job Summary

Responsible for processing, closing and coordinating SBA loan requests to ensure compliance with SBA regulations and bank policies. Duties include verifying borrower eligibility, preparing and reviewing loan documentation, ordering third party reports, and managing pre- and post-closing requirements. The SBA Loan Closer plays a key role in supporting the lending team by ensuring timely and accurate loan closings.

Essential Duties and Responsibilities

• Process new and existing SBA loan request, including 7(a), Express, and 504 loans, in accordance with SBA SOP guidelines and approved credit memo.
• Enter and update loan in E-Tran, ensuring accuracy of all required data and loans meet all SBA and federal regulatory requirements before submission.
• Review approved credit memo, prepare checklists of missing items and verify that all required documentation is received, reviewed, and properly executed.
• Verify IRS transcripts for borrower tax compliance before closing.
• Verify borrower and affiliate edibility, order and review compliance checks, including: SAM.gov. CAIVRS Checks, and OFAC searches.
• Prepare and review loan closing documents to ensure all conditions are satisfied and documents are fully executed prior to funding.
• Order and track services needed to complete the loan process, including, but not limited to, UCC Searches and filings, Certificate of Good Standings, CIP Verification, Real Estate Tax Service, etc.
• Review UCC Searches and preliminary title reports to verify lien positions and identify existing liens prior to closing.
• Order and track payoff demands for existing liens, loans, and obligations to ensure accurate payoff amounts and proper lien releases prior to funding.
• Order and review insurance certificates to ensure coverage is compliant with SBA and bank requirements.
• Coordinate the closing borrower, underwriter, BDO, title and escrow companies, review settlement statements to ensure proper disbursement of loan, and resolve outstanding pre-closing issues with internal staff, title and escrow.
• Close and disburse loan proceeds in accordance with federal laws, Bank policy, regulations, and approved credit approval.
• Maintain accurate electronic loan files according to SBA and bank standards.
• Maintain tickler system to ensure timely receipt of collateral documents post loan closing including, but not…