Loan Officer

Job Type

Full Time


Minimum: $55,000
Maximum: $65,000
Details: Salary commensurate with experience and qualifications.




120 Broadway,
Suite 230
New York
New York
United States



The Business Center for New Americans (BCNA) is an award winning Small Business Administration (SBA) Approved Microloan Intermediary Lender and is certified as a Community Development Financial Institution (CDFI) by the CDFI Fund at the US Department of Treasury. To date, we have made over $22 million in micro and small business loans which range from $500 to $250,000.

BCNA is a 401(c)(3) non-profit with the mission of creating a a pathway to self-sufficiency for immigrant and refugee entrepreneurs in New York City by providing access to affordable credit, empowering them with financial education, and offering training in best business practices. More information is available at

We are currently looking to expand our lending services and have an excellent opportunity for a Loan Officer to be based in our main office in downtown Manhattan, with some work at our Jackson Heights office.

Job Description Summary 

Reporting to the Director of Lending, the Loan Officer will share in the management of BCNA loan accounts, including underwriting; pre and post loan technical assistance to individual clients; collections, file management and reporting; outreach and marketing. The goal of BCNA’s microloan program is to help under-served small business entrepreneurs by providing access to micro-loans in order to help participants increase assets, income, and independence through their successful ownership of businesses.


  • Underwrite small business loans up to $50,000.
  • Prepare comprehensive credit memoranda for Loan Committee review, based on loan application data and other pertinent information collected from the loan applicant(s) and various sources.
  • Prepare spreadsheet and analyze loan client financial statements and tax returns using internal computer systems and files.
  • Ensure that all credit memoranda are accurate and complete with proper loan structuring, identify risk analysis and risk mitigation strategies, and adhere to BCNA’s Loan Policy and Procedures.
  •  Attend Loan Committee meetings and, as needed, participate in credit discussions with Loan Committee members.
  • Participate in marketing and outreach.


  •  Minimum 2-3 years experience in credit analysis of small business loans in a non-profit or for-profit environment. CDFI experience a plus.
  • Bachelor's degree, preferably in business, finance or economics
  • Strong English verbal and written communications skills.. Proficiency in Spanish is strongly preferred.
  • Working knowledge of credit principles, policies, practices and financial / cash flow analysis. Excellent mathematical, analytical and computer skills, including strong proficiency with Excel and databases.   
  •  Desire to work in a multicultural environment; commitment to working with immigrants. Ability to work with clients in a respectful and understanding manner, to maintain confidentiality and to coordinate and prioritize to meet specified deadlines.
  •  Knowledge of NYC with willingness and ability to travel to engage in marketing and outreach activities. Normal office hour are 9:00 a.m. to 5:00 p.m Availability to work occasional evenings and weekend days to attend meetings, seminars and community events and to travel for multi-day conferences.


Competitive benefits package including 3 weeks’ vacation with increase to 4 weeks after one year; 12 paid holidays, 8 sick days, 2 personal days; medical and dental insurance; 403(b) Plan. Opportunities for professional development.

Level of Language Proficiency

Excellent English verbal and written communication skills; Proficiency in Spanish strongly preferred.

Professional Level


Minimum Education Required

4-year degree

How To Apply

Please include a cover letter with your resume and respond with the subject line: Loan Officer- Idealist.