SBA 7(a) Loans up to $500k Now Available

Loan Processor

Location:  Chicago, IL (on-site)

NEWITY is America’s Source for Small Business Capital, focused on empowering entrepreneurs with access to loan solutions. We are looking for a Loan Processor to join our Operations team.

We are seeking a customer-centric Loan Processor to join our team. The ideal candidate will have 1-2 years of work experience in call center settings. Experience in lending or finance is a must. This role requires strong organizational skills, a high level of attention to detail, and the ability to communicate effectively over the phone and through email. This is a great opportunity for someone who is interested in working on a fast-paced dynamic team and who is passionate about helping others.

Qualifications

  • • Proficient in Microsoft Suite including SharePoint, Teams, OneNote, and Excel on a day-to-day basis
  • • Proficient doing basic mathematical calculations
  • • Comfortable in dynamic, high-volume environments
  • • Exceptional interpersonal, written, and verbal communication skills
  • • Ability to handle a wide range of situations over the phone with tact and diplomacy
  • • Ability to read and understand financial documents
  • • Comfortable using HubSpot or other CRMs is a plus
  • • Able to multi-task under time pressure
  • • Entrepreneurial spirit and willingness to take on challenges
  • • Ability to adapt to changing circumstances and priorities
  • • Comfortable working and learning independently

Description & Responsibilities

  • • Build working relationships with members to facilitate loan review process
  • • Determine loan feasibility and borrower credit worthiness
  • • Perform analysis for loan requests and submit timely completion of credit review for new and renewing loans
  • • Prepare and present loan requests to credit managers
  • • Manage borrower relationship and actively and ensure positive customer experience
  • • Maintain current and in-depth knowledge of SBA regulations and lending requirements

Benefits

  • • Competitive salary and performance-based bonuses
  • • Comprehensive health, dental, and vision insurance
  • • Retirement plan with company match
  • • Paid time off and holidays
  • • Professional development opportunities
  • • Collaborative and innovative work environment

Salary

  • • $50,000 – $60,000 per year

NEWITY is an Equal Opportunity Employer and consider applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws.

To qualify for an SBA 7(a) small business loan, your business must be:

  1. U.S.-based and operated
  2. Owner supported / owner funded
  3. Eligible per the SBA’s requirements

Your loan amount will determined by the business’ average annual revenue, FICO score, and years in business