SBA Construction Loan Admin

Job Title

Responsible for reviewing, coordinating, and administering Small Business Administration (SBA) construction and renovation loan transactions, ensuring compliance with SBA 7(a) and/or 504 program requirements, bank credit policy, and loan documentation standards. Protects the bank's interest by overseeing construction loan documentation, lien perfection, and the analysis, approval, and administration of construction draw disbursements from loan approval through project completion and final servicing conversion.

Construction loan activities support owner-occupied small business projects, including new construction, renovations, tenant improvements, and expansions for properties such as retail, office, industrial, mixed-use, and special-purpose facilities eligible under SBA guidelines. Residential exposure may include mixed-use properties where permitted by SBA program rules.

Works in close partnership with Relationship Managers, SBA Underwriters, and Loan Administrators, serving as the primary liaison with borrowers, attorneys, construction consultants, title companies, and SBA service providers throughout all phases of the construction and disbursement process. Ensures adherence to SBA authorization terms, eligibility requirements, use-of-proceeds limitations, and post-approval conditions. Must meet requirements to be commissioned as a Notary Public.

• High school diploma or equivalent
• Typically two to three years of experience in commercial real estate loan administration, OR at least five years of transferable experience in commercial loan administration

• Working knowledge of SBA lending programs (7(a) and/or 504), including construction, renovation, and leasehold improvement financing
• Familiarity with SBA authorization terms, use-of-proceeds rules, lien and collateral requirements, and disbursement controls
• Experience with construction draw administration, including budget review, third-party inspections, lien waivers, and title updates
• Basic knowledge of commercial lending concepts such as collateral structures, multi-phase construction, and loans secured by multiple collateral properties
• Technical expertise in loan closing, documentation review, and post-closing loan management
• Basic knowledge of commercial finance, lending law, documentation, accounting principles, and loan data systems
• Ability to meet requirements to be commissioned as a Notary Public
• Bachelor's degree preferred

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $68,850.00 - $81,000.00