SBA Loan Underwriter
Monterey County Bank, California, MO, United States
Be Part of Something Bigger: SBA Careers at MCB Powered by Purpose, Progress, and Possibility!
Job Summary The SBA Underwriter plays a key role in supporting the Bank’s SBA lending growth through independent credit analysis, underwriting, and recommendation of SBA loan requests. This position ensures all underwriting decisions align with SBA Standard Operating Procedures (SOP), Bank credit policy, and regulatory standards, while balancing prudent risk management with relationship‑driven lending.
Working closely with SBA Business Development Officers, Loan Processing, Credit Administration, and Senior Management, the SBA Underwriter contributes to thoughtful loan structuring, timely decision‑making, and strong portfolio quality. This role is ideal for a credit professional who brings sound judgment, risk awareness, and documentation excellence, and who thrives in a collaborative environment focused on supporting small businesses and sustainable loan growth.
Key Responsibilities The SBA Underwriter is responsible for underwriting SBA loan requests, primarily supporting SBA 7(a), Express, and related programs, in accordance with SBA Standard Operating Procedures (SOP), Bank credit policy, and regulatory requirements. This role performs comprehensive financial analysis, including cash flow, global debt service coverage, liquidity, leverage, collateral adequacy, and overall repayment capacity. The Underwriter analyzes borrower and guarantor financial statements, tax returns, business plans, projections, and relevant industry trends, while also evaluating management experience, business viability, and operating risks. Clear, well‑structured credit memoranda with thoughtful risk assessments and recommendations for approval or decline are prepared to support sound credit decisions. The role also includes preparing credit memoranda for post‑closing loan servicing actions, ensuring ongoing portfolio quality and regulatory compliance.
SBA Compliance & Documentation The SBA Underwriter ensures all underwriting activities fully comply with current SBA Standard Operating Procedures (SOP), eligibility requirements, and documentation standards, while proactively identifying and mitigating SBA eligibility, credit, and structural risks early in the underwriting process. This role partners closely with SBA Loan Processing to ensure loan files are complete, accurate, and audit‑ready in support of SBA purchase and ongoing servicing requirements. The Underwriter also supports SBA loan closings by reviewing final loan terms and conditions to confirm consistency with approved credit structures and underwriting decisions.
Collaboration & Relationship Support The SBA Underwriter works closely with SBA Business Development Officers to structure bankable, SBA‑compliant loan requests, providing thoughtful credit insight early in the deal process. While serving as a trusted resource to lending staff, the Underwriter offers clear credit guidance while maintaining appropriate independence in underwriting decisions. This role participates in deal discussions, pipeline meetings, and pre‑screening conversations as needed, and communicates underwriting decisions clearly, constructively, and professionally to support strong relationships, timely execution, and sound credit outcomes.
The SBA Underwriter actively identifies emerging risks within the SBA loan portfolio and escalates concerns appropriately to support sound credit oversight. This role supports ongoing portfolio management efforts, including annual credit reviews, covenant monitoring, and ensuring risk ratings remain accurate and timely. The Underwriter also assists with internal audits, loan reviews, and regulatory examinations related to SBA lending, and contributes to the continuous improvement of SBA underwriting processes and credit policy enhancements to strengthen portfolio performance and operational discipline.
Qualifications
Minimum 3–5 years of commercial credit underwriting experience, with direct SBA underwriting experience strongly preferred.
Working knowledge of SBA SOP guidelines, eligibility requirements, and SBA loan structures.
Strong financial analysis skills, including cash flow and global debt service analysis.
Ability to independently assess credit risk and make sound underwriting recommendations.
The ideal candidate will have prior experience underwriting SBA loans within a community or regional banking environment, along with working knowledge of SBA loan purchase, guaranty, and post‑closing requirements. This role is best suited for a credit professional who has experience operating in a growth‑oriented yet risk‑disciplined lending environment, and who understands how to balance relationship‑driven lending with sound credit judgment and regulatory expectations.
As required by state‑specific laws, we must include the salary range for this role when hiring residents in applicable locations. The annual salary range for this position is $95,000.00 to $115,000.00 Compensation within this range may vary based on factors such as geographic location, candidate experience, and skills.
MCB is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
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Job Summary The SBA Underwriter plays a key role in supporting the Bank’s SBA lending growth through independent credit analysis, underwriting, and recommendation of SBA loan requests. This position ensures all underwriting decisions align with SBA Standard Operating Procedures (SOP), Bank credit policy, and regulatory standards, while balancing prudent risk management with relationship‑driven lending.
Working closely with SBA Business Development Officers, Loan Processing, Credit Administration, and Senior Management, the SBA Underwriter contributes to thoughtful loan structuring, timely decision‑making, and strong portfolio quality. This role is ideal for a credit professional who brings sound judgment, risk awareness, and documentation excellence, and who thrives in a collaborative environment focused on supporting small businesses and sustainable loan growth.
Key Responsibilities The SBA Underwriter is responsible for underwriting SBA loan requests, primarily supporting SBA 7(a), Express, and related programs, in accordance with SBA Standard Operating Procedures (SOP), Bank credit policy, and regulatory requirements. This role performs comprehensive financial analysis, including cash flow, global debt service coverage, liquidity, leverage, collateral adequacy, and overall repayment capacity. The Underwriter analyzes borrower and guarantor financial statements, tax returns, business plans, projections, and relevant industry trends, while also evaluating management experience, business viability, and operating risks. Clear, well‑structured credit memoranda with thoughtful risk assessments and recommendations for approval or decline are prepared to support sound credit decisions. The role also includes preparing credit memoranda for post‑closing loan servicing actions, ensuring ongoing portfolio quality and regulatory compliance.
SBA Compliance & Documentation The SBA Underwriter ensures all underwriting activities fully comply with current SBA Standard Operating Procedures (SOP), eligibility requirements, and documentation standards, while proactively identifying and mitigating SBA eligibility, credit, and structural risks early in the underwriting process. This role partners closely with SBA Loan Processing to ensure loan files are complete, accurate, and audit‑ready in support of SBA purchase and ongoing servicing requirements. The Underwriter also supports SBA loan closings by reviewing final loan terms and conditions to confirm consistency with approved credit structures and underwriting decisions.
Collaboration & Relationship Support The SBA Underwriter works closely with SBA Business Development Officers to structure bankable, SBA‑compliant loan requests, providing thoughtful credit insight early in the deal process. While serving as a trusted resource to lending staff, the Underwriter offers clear credit guidance while maintaining appropriate independence in underwriting decisions. This role participates in deal discussions, pipeline meetings, and pre‑screening conversations as needed, and communicates underwriting decisions clearly, constructively, and professionally to support strong relationships, timely execution, and sound credit outcomes.
The SBA Underwriter actively identifies emerging risks within the SBA loan portfolio and escalates concerns appropriately to support sound credit oversight. This role supports ongoing portfolio management efforts, including annual credit reviews, covenant monitoring, and ensuring risk ratings remain accurate and timely. The Underwriter also assists with internal audits, loan reviews, and regulatory examinations related to SBA lending, and contributes to the continuous improvement of SBA underwriting processes and credit policy enhancements to strengthen portfolio performance and operational discipline.
Qualifications
Minimum 3–5 years of commercial credit underwriting experience, with direct SBA underwriting experience strongly preferred.
Working knowledge of SBA SOP guidelines, eligibility requirements, and SBA loan structures.
Strong financial analysis skills, including cash flow and global debt service analysis.
Ability to independently assess credit risk and make sound underwriting recommendations.
The ideal candidate will have prior experience underwriting SBA loans within a community or regional banking environment, along with working knowledge of SBA loan purchase, guaranty, and post‑closing requirements. This role is best suited for a credit professional who has experience operating in a growth‑oriented yet risk‑disciplined lending environment, and who understands how to balance relationship‑driven lending with sound credit judgment and regulatory expectations.
As required by state‑specific laws, we must include the salary range for this role when hiring residents in applicable locations. The annual salary range for this position is $95,000.00 to $115,000.00 Compensation within this range may vary based on factors such as geographic location, candidate experience, and skills.
MCB is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
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