ConnectOne Bank is a growth-oriented commercial bank focused on putting people first and empowering employees. The SBA Disbursement Coordinator plays a key role in managing SBA-backed loan disbursements, ensuring compliance and documentation accuracy while working closely with various stakeholders throughout the process.
Responsibilities
- Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing clients excellent service, always striving to make CNOB “A Better Place to Be”
- Process SBA 7(a), 504, and SBA Express loans from initial disbursement through full funding
- Set up and maintain construction and multi-advance loan disbursement files, ensuring all documentation meets SBA, CNOB, and regulatory standards
- Review, analyze, and disburse loan draws in accordance with guidelines, securing required approvals from management
- Collect, track, and maintain required insurance documentation; process updates or modifications as needed
- Maintain organized, audit-ready loan files to support quality control, internal audits, and SBA compliance reviews
- Order and review third-party inspection reports and title endorsements; resolve discrepancies with borrowers, contractors, title companies, or internal stakeholders
- Serve as a primary point of contact for borrowers and vendors throughout the disbursement process
- Support SBA Operations with additional duties and special projects as assigned
Skills
- Strong 'People First' interest and ability
- Strong understanding of SBA 7(a), 504, and SBA Express loan programs
- Experience with construction lending, multi-advance disbursements, or loan servicing preferred
- Familiarity with collateral perfection requirements and regulatory compliance
- Strong organizational skills with the ability to maintain audit-ready files
- Ability to manage multiple loans and deadlines simultaneously
- Problem-solving mindset with the ability to resolve issues with borrowers and vendors
- Minimum 1-3 years of SBA experience
- High attention to detail capable of identifying discrepancies in documentation
Benefits
- World class health, vision, and dental benefits on day one
- 401k with employer match
- Hybrid work from home (depending on role)
- Employee appreciation events (team building, softball games, food truck days, etc..)
- Employee assistance programs (EAP)
- Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
- Tuition reimbursement
- Employee Discount perks
- CNOB Community Service Events
Company Overview
ConnectOne Bank provides creative financial products and customized solutions. It was founded in 2005, and is headquartered in Englewood Cliffs, New Jersey, USA, with a workforce of 201-500 employees. Its website is https://www.connectonebank.com/.