Business Development Officer

Business Development Officer Work to Improve and Increase Economic Opportunities in the St. Louis Region

The St. Louis Economic Development Partnership (STL Partnership) is a Missouri non‑profit corporation organized for the purposes of advancing the social welfare, health, and economic interests of the St. Louis region and its residents. In furtherance of its organizational purposes, STL Partnership provides governmental economic development services to both St. Louis County and the City of St. Louis.

STL Partnership aligns regional efforts in business development, business finance, entrepreneurial support, and international trade services and provides a broad range of services to boost innovation and entrepreneurship, support business retention and expansion, enhance the region’s global relevance, and revitalize communities. STL Partnership is a key facilitator of initiatives to encourage equitable economic prosperity and resiliency in the St. Louis region.

The Business Development Officer in the Business Finance Department is responsible for marketing the many loan programs of the St. Louis Economic Development Partnership, including the SBA 504 loan program, throughout St. Louis City and County and for managing the loan application process for the 504 and other STL Partnership loan programs from receipt of the application through the approval process.

The Business Development Officer reports to the Vice President of Business Finance.

• Market the 504 loan program, and the other STL Partnership loan and bond programs, to various groups including, but not limited to bankers, accountants, attorneys, real estate agents, chambers of commerce, business associations, and trade groups; provide guidance to St. Louis County and City businesses who need assistance with financing options, and act as a resource center to provide them with the information they need.
• Meet with applicants to assist with the application including providing a detailed explanation of the programs, assist with completing the application, gather the necessary supporting documentation and required fees.
• Provide essential information to St. Louis County and City businesses who are in search of vital information, be it for starting a business, reviewing business plans, providing direction to alternative financing sources, or making referrals to other St. Louis County and City business assistance providers.
• Assist the senior leadership with developing marketing programs for the entire division.
• Evaluate, process, and recommend loans by analyzing both business and personal financial statements, credit reports, company history, and collateral/guaranty values; prepares loan officer report and complete loan package for credit committee and board review, and in some instances, final review by third party. This includes entering all 504 loan information or other loan product information into the specialized software utilized for all loan programs.
• Engage in customer service by talking with clients (e.g., bankers, attorneys, accountants) about loan application, loan requirements, manage issues regarding the approval process with BFC Board and SBA and in expediting paperwork with the client.
• Assist loan closing officer with project changes and client meetings during the closing process.
• Assist with various BF projects including production of some reports, provide input in updates to policy changes, input on various marketing plans and general division planning.
• Monitor federal, state, and local regulations and changes to loan programs and disseminate information to staff and public, as needed.
• Monitor internal guidelines, policies and procedures; update systems as necessary and disseminate information to appropriate parties.
• Community involvement required to facilitate a positive image is maintained of the organization to the community.
• Must display a positive attitude within and outside of the organization.
• Perform various other duties and functions as required or assigned within area of expertise or scope of the position.

Bachelor’s degree from an accredited institution with major…