Loan Officer

Job Type

Full Time




4548 Market Street
United States


Organizational Background

The Enterprise Center (TEC) provides access to capital, capacity building, business education and economic development opportunities to high potential minority entrepreneurs. TEC’s Capital affiliate’s mission is to provide debt and equity that businesses need to start, grow, and succeed. 

TEC Capital team manages two current fund initiatives: Micro Loan Fund (loans under $50,000) and Performance Fund (loans between $50,000 and $200,000). The team provides three services:

1) Commercial financial services including pre- and post-loan technical assistance

2) Development services that assist clients with financial education and business technical assistance in partnership with its affiliate TEC

3) Financial products for microenterprises and small businesses



The Loan Officer will be responsible for the following:

  • Managing relationships with borrowers through all stages of the financing process
  • Coordinating the receipt of loan applications and supporting documents
  • Underwriting financing requests and conducting financial analysis
  • Preparing materials for staff, loan committee and board review and presenting loan requests for approval
  • Communicating with borrowers about loan approvals and closing process
  • Drafting loan commitments and supporting the drafting of loan documents
  • Coordinating loan closing activities with staff, borrowers and attorney
  • Coordinating compilation of closing documents and maintaining loan files
  • Maintaining accurate loan information in the data management system
  • Communicating with borrowers about loan disbursements, loan payments, and loan monitoring requirements
  • Following up on non-performing loans as necessary
  • Evaluating borrowers and project performance and analyzing updated financial information
  • Coordinating/conducting site visits for loan projects which require them
  • Assisting with aggregated portfolio analysis
  • Maintaining data for social outcomes and beneficiary analysis for reporting and grant writing
  • Other duties as assigned

The ideal candidate will have the following qualifications and background:

  • Bachelor's degree in a relevant field such as finance, business, and/or public administration, graduate degree in one of these fields is highly beneficial.
  • At least three (3) years of direct lending or portfolio management experience, ideally at a community development financial institution, a commercial bank or other financial institution.
  • Strong knowledge of loan structuring and underwriting, including solid financial analysis skills and familiarity with nonprofit accounting and housing and community facility subsidy programs.
  • Demonstrated success in building and managing individual and organizational relationships, and strong interpersonal and communication skills, both written and verbal.
  • Sound time management and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
  • Outstanding attention to detail.
  • Broad, active curiosity with strong interest in ongoing learning about community development finance. Openness to learning new skills and systems.
  • Demonstrated self-starter that can work independently and take initiative.
  • Great communicator and team player.
  • Proficiency with Microsoft Office applications, including Word and Excel. Familiarity with loan management software.
  • Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor.
  • Ability and willingness to travel to meet with borrowers and conduct site visits. Applicants must have a valid driver's license.

Salary: Negotiable 


Professional Level


Minimum Education Required

4-year degree

How To Apply

How to Apply: Please email a cover letter and resume with salary requirements to . Please put “Loan Officer, TEC Capital Corporation” in the subject heading. No phone calls, please.