SBA Business Development Officer

Detroit Metropolitan Area, MI, USA Req #997
Saturday, May 11, 2024

Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of the largest and best managed credit unions in the country. 

The Opportunity: We are seeking a full time SBA Business Development Officer to join our team. The SBA Business Development Officer (BDO) is responsible to develop and structure loans and market other credit union products and services to Small Business Administration (SBA) eligible small and medium sized business. Prospect and network in local markets to identify and develop new SBA client relationships for DFCU Financial. Maintain and build a network of prospects by working with internal and external centers of influence, commercial referral sources, and the Business Banking team to develop new SBA business relationships. Once a relationship is established and the initial transaction is complete, the BDO transfers the client to a Business Banker to deepen and expand the long-term banking relationship. Identify, market and sell SBA loan products. 

What You'll Do:

  • Generate and close a minimum of $10 million in SBA 7(a) loans each calendar year. Goals may change at credit union discretion.
  • Provide exceptional service to internal and external customers in accordance with DFCU Financial values of collaboration and professionalism.
  • Structure loan proposals, complete initial underwriting and prepare a background narrative outlining the request before submitting to underwriting with support of SBA Program Director.
  • Maintain a strong working knowledge of SBA standard operating procedures.
  • Contribute to the success of the SBA department by sharing in all department responsibilities as required or assigned.
  • Attend community networking events, as required.
  • Work occasional Saturday hours or extended weekday hours, as required.

What You'll Need:

  • Bachelor's degree in business, finance or related field.
  • 2+ years of experience as an SBA Business Development Officer.
  • Self-driven with ability to work independently and as part of a team.
  • Demonstrated sales ability; influences with impact.
  • High level of accuracy and attention to detail.
  • Excellent interpersonal skills, including effective verbal and written communication.

What We Offer:

  • Potential for a hybrid work schedule
  • 401k plan match, dollar for dollar up to 4%
  • 401k additional employer contribution after one year at 5%
  • Employee bonus program
  • Medical, dental and vision insurance effective date of hire
  • Health savings account (HSA)
  • Flexible spending accounts for medical and dependent care expenses
  • Wellness initiatives and reimbursements
  • Pre-paid legal services plan
  • Identity protection plan
  • Accident supplemental plan
  • Short & long term disability plans paid for by company
  • Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child
  • Pet Insurance
  • Free financial planning assistance
  • Numerous fun employee events throughout the year
  • Volunteer and community engagement opportunities
  • Discounts with local and national companies through DFCU Perks
  • Service / anniversary awards
  • Employee discounts for company logo wear
  • Employee referral payouts for recruiting your friends and family
  • Paid lunch time
  • Tuition reimbursement / Education assistance
  • Ongoing training opportunities
  • Leadership development program
  • Paid time off
  • Paid holidays (~10 per year)
  • Flexible scheduling for students


Equal Opportunity Employer / Disabled / Veterans

Other details

  • Job Family Commercial
  • Pay Type Salary
This posting is inactive.
Location on Google Maps
  • Detroit Metropolitan Area, MI, USA