Summary:

The SBA Disbursement Coordinator is responsible for coordinating the post-approval phase of SBA-backed loans by managing construction and multi-advance disbursements, documentation, collateral perfection, and regulatory compliance. This role works closely with Business Development Officers, Loan Operations, borrowers, contractors, title companies, and third-party vendors to ensure complete, accurate, and timely disbursement and servicing of SBA and other government-guaranteed loan types.

Job Functions:

• Process SBA 7(a), 504, SBA Express, and other government-guaranteed loan types from initial disbursement through final funding.
• Set up and maintain loan disbursement files for construction and multi-advanced loans, ensuring documentation meets FBOL, SBA, and regulatory procedures.
• Review, analyze, and disburse loan draws in accordance with guidelines, obtaining necessary approvals from management.
• Monitor loan and equity budgets against bank records for construction and multi-advance loans, ensuring accuracy, proper allocation, and timeline adherence.
• Collect, track and maintain all required insurance documentation; process loan modification requests as needed.
• Maintain and organize loan documentation — both electronic and physical — ensuring readiness for audits, quality control, and compliance reviews.
• Order and assess third-party inspection reports and title endorsements for construction projects, addressing discrepancies with borrowers, contractors, title companies, or internal stakeholders.
• Collaborate with borrowers, contractors, and vendors to resolve deficiencies in documentation and remove disbursement barriers.
• Ensure all disbursement and documentation activities comply with SBA SOPs, banking regulations, and internal policies.
• Record loans into the bank’s loan servicing system, ensuring accuracy of loan terms, collateral records, data entry, and system details.
• Work collaboratively with all internal departments to support effective servicing of the loan portfolio.
• Communicate loan status, outstanding requirements, draw schedules, and timelines to borrowers, internal teams, and external partners.
• Coordinate with Business Development Officers, credit, operations, title companies, attorneys, and third-party service providers.
• Must complete all required training, including Bank Secrecy Act/Anti-money Laundering training, suitable to their position within the bank.
• Perform other duties as assigned.

Education/Experience:

• High school diploma or GED; bachelor’s degree preferred.
• 1+ years of experience in commercial loan operations, SBA processing/servicing, loan documentation, or similar lending environment.
• Proficiency in Microsoft Office Suite; ability to work within loan documentation and servicing systems.

Skills and Competencies:

• Strong organizational skills and exceptional attention to detail.
• Excellent written and verbal communication skills.
• Ability to manage multiple deadlines in a fast-paced, high-volume environment.
• Strong analytical and problem-solving skills.
• Effective communicator with strong customer service orientation.
• Team collaboration and cross-department relationship building.
• Strong understanding of compliance, regulatory requirements, and operational controls.

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 25 pounds at times.

Work Arrangement:

• This position is remote.
• Occasional travel may be required for training or meetings. 

EEO Statement:

We are an equal-opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status, or any other protected category. All offers of employment shall be subject to the successful completion of all pre-employment screenings, verifications, and processes. Failure to comply with these processes or failure to successfully pass all phases of the pre-employment screening will result in a withdrawal of the employment offer.

Other Duties:

Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, obligations, and activities may change at any time, with or without notice.

Compensation is based on geographic location and individual pay decisions will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.

Benefits:

• 401(k)
• 401(k) matching
• Health insurance
• Dental insurance
• Life insurance
• Paid time off
• Vision insurance
• Short- and Long-term disability
• Company-paid holidays