Sr. Closing Officer, VSBA Closing Department - USA

Who We Are

VelocitySBA provides small business owners with access to growth capital through the SBA loan program. Having access to small business financing can give you the security and freedom to focus on other aspects of running your business. We can help you purchase commercial real estate and equipment, provide growth capital financing, deliver debt refinance solutions, aide with business acquisition/partner buyout, and assist small business owners with their startups.

What’s in it for You

VelocitySBA is one of the fastest growing SBA lending institutions in the country and is actively seeking motivated individuals interested in a career in business finance. Areas of opportunity include sales/business development, underwriting, closing, servicing, marketing and more as our organization very actively implements our national growth strategy. VelocitySBA offers distinctly a team culture that is more synergistic and collaborative than typical for financial institutions, creating a stimulating and enjoyable workplace environment. Candidates joining the VelocitySBA team can expect professional development and growth working alongside the best SBA professionals in the industry. Become a part of our team and immerse yourself in a company that fosters a Great Place to Work culture!

What You’ll Do

The Senior Closing Officer is responsible for leading the closing process for complex SBA loans, ensuring full compliance with SBA SOPs, internal credit policy, closing standards, eligibility rules, and regulatory requirements. This role serves as a subject-matter expert and provides guidance to junior closing staff, sales team, underwriters, and external partners throughout the closing cycle.

Principal Responsibilities

Loan Closing & Documentation

• Lead the closing of SBA transactions from credit approval through funding.
• Review SBA Terms & Conditions, credit memos, underwriting analyses, and closing conditions to confirm accuracy and eligibility.
• Prepare closing documents including Note, Guarantee, Security Instruments, UCC filings, Compliance Agreements, and SBA‑required forms.
• Ensure proper execution of all SBA-required documents and verify consistency across all closing packages.
• Review settlement statements, escrow instructions, and wire requests for accuracy.

Compliance & SBA SOP Adherence

• Confirm every loan meets SBA SOP requirements, including use of proceeds, collateral, equity injection, franchise documentation, and eligibility.
• Validate borrower and guarantor compliance with OFAC, Flood, Environmental, and Know‑Your‑Customer requirements.
• Verify proper completion of SBA forms (including 1919, 1920, 159, 912 requirements, financial statement updates, and authorization compliance).
• Ensure all conditions precedent to funding are met and documented according to SOP and internal policy.

Coordination & Communication

• Serve as primary point of contact for borrowers, brokers, attorneys, title/escrow officers, lenders, underwriters, and internal credit personnel.
• Provide clear guidance to all parties regarding requirements, timelines, additional documentation, and any issues impacting closing.
• Coordinate with internal teams—Underwriting, Credit, Servicing, and Post‑Closing—to ensure accurate handoff and successful funding.

Pipeline & Workflow Management

• Independently manage a high-volume pipeline of SBA loan closings with varied complexity.
• Identify bottlenecks, escalate risks, and proactively drive files toward completion.
• Assist with departmental workflow improvements and process refinements.
• Track deadlines to ensure loans close within approval and eligibility timeframes.

Quality Assurance & Leadership

• Serve as a subject-matter expert for SBA closing, mentoring and assisting junior closing officers.
• Review junior staff files for accuracy and compliance, offering coaching and feedback.
• Assist with internal audits, SBA reviews, and quality-control initiatives.
• Maintain up‑to‑date knowledge of SBA SOP changes and disseminate updates as needed

Required Qualifications

• 5–7+ years of SBA Closing experience (7(a) required; 504 preferred).
• Advanced knowledge of SBA SOPs, 7(a) and 504 program rules, and closing procedures.
• Strong understanding of business financials, collateral documentation, title/escrow procedures, and legal documentation.
• High attention to detail with strong organizational and deadline-management skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple closings simultaneously with minimal supervision.

Compensation:

• Base Salary: $80,000-$100,000/year (based on experience and qualifications)
• Plus Bonus Incentive

Physical Requirements

• Must be able to pass post offer drug test and background check

Benefits Velocity Vehicle Group Offers: Fantastic Culture

• 401k + match
• Health, Dental & Vision Insurance + HSA & FSA
• Employer paid Life Insurance
• Paid Vacation Days
• Sick Leave
• Company perks such as employee discounts, company events and training programs
• Excellent Training and Career Advancement Opportunities

Velocity Vehicle Group is an equal opportunity employer. Velocity Vehicle Group prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.