SBA Underwriter

Description

About Us

Capital Bank N.A. is headquartered in Maryland, and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ : CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 5 out of 6 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

Position Purpose

The SBA Underwriter will assist the lender with their SBA Loan request by preparing a pre-assessment for eligibility, borrower checklist, lender checklist, document collection, spreading the tax returns and other financial documents, and preparing a Credit Summary for SBA Eligibility. The Credit Summary for SBA Eligibility is written in compliance with the SBA SOP and lender loan policy and guidelines. The Credit Summary is reviewed for quality control prior to forwarding to the lender

Position Responsibilities

• Prepare, review, and analyze the creditworthiness of all applicant's loan requests by spreading company and personal financial statements.
• Inform Lender of the SBA guidelines for loan structure maximum rate and term depending on the loan requested. Assist lender in preparing the sources and uses of the loan request. Review construction budget, inventory list, FF&E costs estimate / invoices, purchase agreements, debt refinance analysis, business acquisition / partner buyout, and working capital needs.
• Prepare a collateral table to assess the adequacy of all business assets and apply the SBA liquidation percentage to result in the net value for the assets. If there is a collateral shortfall, SBA may require personal and / or affiliate assets for coverage.
• Business Overview to discuss the business description and history, locations, products / services, business model, management, succession plan, competition, vendors, define market area, customer base, strengths, and weaknesses of the business. Compare business NAICS and Franchise to Coleman statistics and FRAN data for trends and success rates of the business or franchise.
• Spread historical and projected financial documents to determine cash flow and repayment to show the applicant meets SOP guideline for DSC of 1.15x or better. Analyze projection assumptions for reasonableness in obtaining the level of sales and net profit. Determine the projected break-even and what if scenarios.
• Discuss RMA Common Size ratios in comparison to the borrower's revenues and expenses.
• Analyze and spread affiliate businesses to show these entities will not be a strain on the applicant / borrower.
• Analyze the principals' and guarantors' personal financial statement, personal tax returns and credit report.
• Prepare a global cash flow and rate sensitivity spreads to determine the business and its affiliates meet the SOP guideline for DSC of 1x.
• Spread historical balance sheet to compare with the common size ratios of RMA. Based on the sources and uses, prepare a pro-forma balance sheet to show how the transaction will affect the balance sheet. Discuss the current and debt to tangible net worth ratios and compare to RMA ratios.
• SBA 7a eligibility requirements include size standard analysis or alternate size standard analysis to show the applicant and its affiliates meets the SBA determinates for the Small Business.
• If applicable, review CAIVRS that check for delinquent Federal debt and prior loss to the Federal Government. Sam.gov reports are obtained for the business, for all principals, affiliate businesses, broker / agent, LSP employees and SBA Lender that show none of these entities are debarred from conducting business with the Federal Government.
• Work with the Underwriting Team daily to improve the underwriting process and Lender / Borrower experience.
• Able to exercise discretion and work independently to make judgements with respect to matters of significance, and able to discern items that can impact risk to the Bank.

Minimum Education and Experience

Technical Knowledge and Skills

Additional Details

Compensation :

Working Arrangements

Why Join Us?

Supporting Businesses. Helping People. Strengthening Communities.

Capital Bank, N.A. is an Affirmative Action, E-Verify, and Equal Opportunity Employer.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.