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Sbl Underwriter Jobs (NOW HIRING)

FIRST MERCHANTS

SBL Business Development Officer

Columbus, OH · On-site

$80K - $111K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

SBL Business Development Officer

LA · Remote

$85K - $117K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

SBL Business Development Officer

KS · Remote

$85K - $117K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

SBL Business Development Officer

KY · Remote

$85K - $117K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

SBL Business Development Officer

WI · Remote

$85K - $117K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

$74K - $102K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

SBL Business Development Officer

IL · Remote

$85K - $117K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

SBL Business Development Officer

IN · Remote

$85K - $117K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

SBL Business Development Officer

TX · Remote

$85K - $117K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

FIRST MERCHANTS

$82K - $113K/yr

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position ... Participate in initial "kick-off" call with borrower and Underwriter for each loan. * Assist ...

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Sbl Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do sbl underwriter jobs pay per year?

As of Sep 10, 2026, the average yearly pay for sbl underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What is an SBL underwriter?

An SBL Underwriter is a financial professional who evaluates and approves small business loans (SBLs) for banks or lending institutions. Their responsibilities include assessing a borrower's creditworthiness, analyzing financial statements, reviewing business plans, and ensuring compliance with lending policies. SBL Underwriters play a crucial role in determining the risk of lending and approving or denying loan applications based on their findings. Their work helps ensure that only qualified businesses receive loans, minimizing financial risk for the lender.

What are the key skills and qualifications needed to thrive as an SBL underwriter?

To thrive as an SBL (Small Business Lending) Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of credit risk assessment, typically backed by a degree in finance, business, or a related field. Proficiency with loan origination systems, credit scoring tools, and financial analysis software is commonly required, along with relevant certifications like Certified Commercial Loan Officer (CCLO) if applicable. Excellent communication, negotiation, and decision-making skills help you stand out when interacting with clients and collaborating with lending teams. These skills are crucial for accurately assessing loan applications, minimizing risk, and ensuring sound lending decisions that support business growth.

What are some common challenges faced by SBL underwriters, and how can they be addressed?

SBL Underwriters often face the challenge of accurately assessing risk for small business loans with limited financial data or inconsistent documentation. To overcome this, underwriters need strong analytical skills and experience interpreting diverse financial statements. Collaboration with relationship managers and credit analysts is also key to obtaining additional context or clarifying information from applicants. Staying updated on industry trends and regulatory changes ensures that risk assessments remain thorough and compliant.

What is the difference between Sbl Underwriter vs Commercial Underwriter?

AspectSbl UnderwriterCommercial Underwriter
CredentialsTypically requires a bachelor's degree in finance, business, or related field; certifications like CPCU or ARM are commonSimilar credentials; often holds degrees in finance, economics, or business; certifications like CPCU or RPLU are valued
Work EnvironmentWorks primarily in banking or financial institutions focusing on small business loansWorks in banks, insurance companies, or lending institutions focusing on commercial or business loans
Industry UsageCommonly used in small business lending within banking sectorsUsed across banking, insurance, and lending sectors for larger or more complex commercial loans

The Sbl Underwriter and Commercial Underwriter roles share similar educational backgrounds and certifications, but differ mainly in their focus areas. Sbl Underwriters specialize in small business loan assessments, while Commercial Underwriters handle larger, more complex commercial loans. Both roles require analytical skills and industry knowledge, but their work environments and loan types distinguish them.

Is underwriting a high stress job?

Underwriting as a SBL Underwriter can be stressful due to the responsibility of assessing risk and making approval decisions that impact the company's financial health. The job often requires attention to detail, meeting deadlines, and managing workload, which can contribute to stress levels, especially during busy periods or complex cases.

What states have the most Sbl Underwriter jobs?

States with the most job openings for Sbl Underwriter jobs include:

What are popular job titles related to Sbl Underwriter jobs?

For Sbl Underwriter jobs, the most frequently searched job titles are:

Infographic showing various Sbl Underwriter job openings in the United States as of September 2026, with employment types broken down into 96% Full Time, 2% Part Time, and 2% Contract. Highlights an 61% Physical, 10% Hybrid, and 29% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

SBL Business Development Officer

Columbus, OH • On-site

FIRST MERCHANTS
Finance and Insurance • 1 - 5K employees
Learn more about FIRST MERCHANTSexternal

$80K - $111K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 19 days ago

First Merchants Bank rating

7.8

Company rating: 7.8 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

90th of 176 rated banks

Job description

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position will be responsible for originating and managing a quality, profitable portfolio of SBA loans. Manages all aspects of loan origination; including marketing and networking, document collection, financial analysis, and customer service in support of helping SBL achieve its growth goals.

As part of this role, you will: 

  • Identify and cultivate relationships with external referral sources to maintain a consistent pipeline of high-quality new SBA loan transactions.
  • Tell the SBL story while highlighting competitive advantages in the marketplace.
  • Actively manage pipeline, following up on new leads in a timely manner and providing detailed feedback to prospective borrowers. Update pipeline tracker weekly to provide management with activity data.
  • Understand and have working knowledge of FMB-SBL credit guidance. Source new loans that match SBL’s credit parameters and enhance SBL’s loan portfolio.
  • Assemble standard loan packages; prepare income-statement-only spread and brief credit memo for each loan to ensure alignment with credit policy and eligibility requirements prior to submission to Underwriting.
  • Work with prospective borrowers to collect required documents; organize and save documents per team protocols ensuring proper security measures of any sensitive or personally identifiable information.
  • Work with borrowers to address any character issues by obtaining written explanations and any additional documentation required by the SOP.
  • Participate in initial “kick-off” call with borrower and Underwriter for each loan.
  • Assist Underwriters and Closers, as necessary, to gather required documentation and ensure borrower cooperation.
  • Maintain positive, productive relationships with clients, external referral sources, SBL team members, and other internal stakeholders.
  • Responsible for being compliant with all regulations and compliance requirements pertaining to job function.
  • Carry out such other duties as may be assigned or requested.

To be successful in this position, we require the following:

  • Bachelor’s degree in Business, Finance, Accounting or relevant field, or equivalent related experience.
  • Five or more (5+) years successfully originating SBA loans required.
  • Excellent sales acumen / ability to market and network.
  • Understanding of SBA SOP and loan eligibility requirements.
  • Ability to spread loans, appropriate credit underwriting knowledge.
  • Strong communication skills, and client service orientation.

First Merchants offers the following:

  • Base Pay PLUS Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

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