Senior SBA Credit Underwriter

(Multiple states)

Full Time

Mid Level

Lenders Cooperative is a fast-paced and growing banking technology solution dedicated to building loan origination systems designed by bankers. We have a career opportunity for a Senior SBA Credit Underwriter, reporting to the SBA Underwriting Manager.

The Senior SBA Credit Underwriter will lead the evaluation, analysis, and underwriting of SBA loan applications to ensure compliance with SBA Program requirements, SBA SOP guidelines, and the lender’s credit policies and procedures. This role is responsible for assessing borrower creditworthiness through detailed analysis of business and personal financial information, tax returns, cash flow, collateral, and overall repayment capacity to support sound lending decisions.

The Senior SBA Credit Underwriter prepares comprehensive SBA credit memorandums with well-supported recommendations for loan approvals, denials, or modifications while identifying and mitigating potential credit risks. The position also collaborates closely with lending, processing, and closing teams, provides guidance to junior underwriters, and contributes to maintaining underwriting quality and operational efficiency. Strong analytical skills, sound credit judgment, attention to detail, and extensive knowledge of SBA lending programs are essential for success in this role.

As a Senior SBA Credit Underwriter, You Will:

Independently evaluate, analyze, and underwrite SBA loan applications, including complex commercial lending transactions.
Assist in resolving underwriting conditions and outstanding credit-related matters prior to closing.
Partner with closing and processing teams to ensure seamless transition of approved loans through closing and funding.
Participate in departmental initiatives focused on process improvement, operational efficiency, and portfolio quality enhancement.
Support credit addendums, screen-out responses, policy exceptions, and internal loan committee presentations as needed.
Collaborate closely with underwriting, processing, closing, and lending teams to improve workflow efficiency and enhance the borrower and lender experience.
Serve as a senior underwriting resource and mentor to junior underwriters and support staff.
Maintain thorough and accurate underwriting documentation supporting all credit decisions and recommendations.
Verify compliance with SBA and federal regulations related to sanctions, debarment, and delinquent federal debt requirements.
Ensure completion and review of all required federal compliance checks, including CAIVRS, SAM.gov, and OFAC screenings.
Analyze affiliated business relationships and determine potential impact on borrower repayment ability and financial strength.
Assess NAICS classifications, franchise affiliations, and industry benchmarks to determine overall business stability and performance expectations.
Review and evaluate borrower business operations, management experience, ownership structure, industry trends, competitive positioning, and customer concentration.
Evaluate financial projections and assumptions for reasonableness and conduct break-even and trend analyses.
Prepare global cash flow analyses and sensitivity analyses for borrowers and affiliated entities to ensure compliance with SBA minimum debt service coverage requirements.
Analyze debt service coverage, liquidity, leverage, profitability, and repayment capacity to determine credit viability.
Perform advanced financial statement spreading and analysis, including historical and projected cash flow assessments.
Interpret and apply SBA policies and procedures to complex credit scenarios and provide guidance to internal and external stakeholders.
Review and analyze sources and uses of funds, debt refinance requests, business acquisition structures, partner buyouts, inventory schedules, budgets, and purchase agreements.
Advise lenders and referral partners on SBA program requirements, loan structure, repayment terms, collateral considerations, and pricing parameters.
Ensure all loan requests comply with SBA SOP 50 10 requirements, SBA eligibility standards, and internal credit policy guidelines.
Exercise independent judgment and discretion in evaluating matters of significance impacting loan quality and organizational risk.
Identify strengths, weaknesses, and potential risks associated with each transaction and provide sound credit recommendations.
Assess borrower and guarantor creditworthiness through detailed analysis of business and personal financial statements, tax returns, credit reports, and related documentation.

Education & Experience:

Bachelor’s degree in Finance, Accounting, Business Administration, or related field; equivalent relevant experience may be considered
Minimum 5–7 years of experience in commercial lending, SBA underwriting, or credit analysis, including experience with complex SBA 7(a) loan transactions
Advanced knowledge of SBA lending programs, SOP 50 10 guidelines, and SBA eligibility requirements
Strong expertise in commercial credit analysis, financial statement analysis, and global cash flow analysis
Demonstrated ability to independently underwrite and structure complex credit transactions
Excellent analytical, problem-solving, and risk assessment skills
Strong written and verbal communication skills with the ability to present and defend credit recommendations
High attention to detail, organization, and accuracy in documentation review
Ability to manage multiple priorities in a fast-paced environment while meeting deadlines
Experience mentoring or training junior underwriting staff preferred

What We Bring:

Flexible Work Schedule, remote work
Competitive Salary
Spot Bonuses
Health, FREE dental, and FREE vision insurance
401(k) matching
Employer Paid Life-AD&D, Short-Term Disability, Long-Term Disability
Unlimited & Flexible Vacation Policy
Culture of Learning & Growing
Awesome team members!

If you're ready to take your career to the next level and join a team that values creativity and innovation, apply now! We can't wait to meet you and see how you'll contribute to our success.

Lenders is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate our employees' unique differences because that drives curiosity, innovation, and the success of our business. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, disability status, pregnancy, parental status, genetic information, political affiliation, or any other status protected by the laws or regulations in the locations where we operate. Accommodations are available for applicants with disabilities.

Apply for this position

Required*

First Name*

Last Name*

Email Address*

Phone*

Address

Resume*

We've received your resume. Click here to update it.

Attach resume or Paste resume

Attach resume as .pdf, .doc, .docx, .odt, .txt, or .rtf (limit 5MB) or Paste resume

Paste your resume here or Attach resume file

Cover Letter

Who referred you to this position? Enter their first and last name here.

Do you have a valid driver's license?

Are you willing to relocate?

What's your citizenship / employment eligibility?*

Are you 18 years of age or older?*

LinkedIn Profile URL:

Website, blog or portfolio:

Desired salary*

In 150 characters or fewer, tell us what makes you unique. Try to be creative and say something that will catch our eye!*

150

Do you have at least five (5) years of experience of commercial loan underwriting, analysis, or portfolio management?* YES!No

This role requires occasional in-person meetings in the Birmingham area. Are you located within a reasonable driving distance (approximately 3 hours) or willing to travel as needed?* NoYes

What state do you live in?*

The following questions are entirely optional.

To comply with government Equal Employment Opportunity and/or Affirmative Action reporting regulations, we are requesting (but NOT requiring) that you enter this personal data. This information will not be used in connection with any employment decisions, and will be used solely as permitted by state and federal law. Your voluntary cooperation would be appreciated. Learn more.

Gender

Race/Ethnicity

Voluntary Self-Identification of Disability

Voluntary Self-Identification of Disability Form CC-305
OMB Control Number 1250-0005
Expires 05/31/2026

Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

Alcohol or other substance use disorder (not currently using drugs illegally)
Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
Blind or low vision
Cancer (past or present)
Cardiovascular or heart disease
Celiac disease
Cerebral palsy
Deaf or serious difficulty hearing
Diabetes
Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
Epilepsy or other seizure disorder
Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
Intellectual or developmental disability
Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
Missing limbs or partially missing limbs
Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
Partial or complete paralysis (any cause)
Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
Short stature (dwarfism)
Traumatic brain injury

Please check one of the boxes below:

YES, I HAVE A DISABILITY, OR HAVE HAD ONE IN THE PAST NO, I DO NOT HAVE A DISABILITY AND HAVE NOT HAD ONE IN THE PAST I DO NOT WANT TO ANSWER

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.

You must enter your name and date
Name	Date

Human Check*

Submit Application