SBA Loan Underwriter

Granite State Development Corporation “GSDC” is non-profit lender authorized to process and service Small Business Administration “SBA” loans utilizing the 504 lending program.

Granite State is the most active Certified Development Company (CDC) in New England and provides financing in the states of Maine, Massachusetts, New Hampshire, and Vermont.

Granite State is one of the largest CDCs nationwide, for volume and dollars; and has been recognized as the most active 504 lender in New England for at least the last 12 years.

Since 1990, in cooperation with our valued bank lending partners, we have participated in more than 5000 transactions for over $20 Billion, helping to create over 30,000 jobs in New England:

https://www.granitestatedev.com/

Job Description:

The SBA Loan Underwriter will work directly with the credit team in analyzing, underwriting and monitoring all credit facilities within the portfolio.

As an SBA Loan Underwriter, the individual will learn the basics of deal making and loan structures while being exposed to other departments within the company.

An in-depth analysis will be performed on the borrower’s ability to repay focusing on the company and owner’s background, recent and historical financial performance, collateral performance, risk rating, risk-adjusted return on capital and several other factors related to underwriting policies and guidelines

Duties and Responsibilities
Analyze financial statements and/or projections for feasibility, cash flow, and liquidity/solvency; check size standard and personal liquid assets test, structure project, determine management’s ability, and determine overall eligibility in accordance with SBA criteria
Coordinate with Third Party Lenders for their approval and third party reports
Review appraisal and environmental reports for SBA submission and review
Communicate directly with the SBA to check status of 504 loan application and to provide additional information needed to complete the credit decision process