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Small Business Loan Processor Jobs (NOW HIRING)

Northwest

$70 - $75/hr

Daily management of the small business loan servicing team members to ensure timely completion of all tasks/workflows Ensure total document and data integrity attributes to comply with CECL data ...

Sound, LLC

Loan Processor

Gilbert, AZ · On-site

$18.75 - $25/hr

Vision insurance We are seeking an experienced Small Business Hard Money Loan Processor to manage business-purpose loan files from application through funding. The ideal candidate is organized ...

Small Business Administration

Loan Processor

Fort Worth, TX · On-site +1

$54K - $71K/yr

Summary This position is located in the Small Business Administration, Processing and Disbursement ... The incumbent processes disaster loan, reconsideration and modification requests, and limited ...

Small Business Administration

Loan Processor

Fort Worth, TX · On-site +1

$44K - $57K/yr

Summary This position is located in the Small Business Administration, Processing and Disbursement ... Reviews loan applications and supporting documents for completeness and eligibility. * Contacts ...

Lendistry

Business Loan Consultant

Lumberton, NC · On-site

$65K - $85K/yr

Coordinate with internal teams including credit, processing, and closing * Identify opportunities ... Working knowledge of small business lending and loan structures (SBA experience preferred)

Lendistry

Business Loan Consultant

Dallas, TX · On-site

$65K - $85K/yr

Coordinate with internal teams including credit, processing, and closing * Identify opportunities ... Working knowledge of small business lending and loan structures (SBA experience preferred)

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How much do small business loan processor jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for small business loan processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

What does a small business loan processor do?

A Small Business Loan Processor is responsible for managing and organizing the documentation and information needed for small business loan applications. They review loan applications, verify applicant information, ensure compliance with lending regulations, and coordinate with applicants, underwriters, and other financial professionals to process loans efficiently. Their role is crucial in helping small businesses secure the financing they need to operate and grow.

What are some common challenges faced by small business loan processors when reviewing applications?

Small Business Loan Processors often encounter challenges such as incomplete or inconsistent documentation, tight processing deadlines, and navigating complex lending regulations. They may need to communicate frequently with applicants to clarify financial details or request additional paperwork. Staying organized and detail-oriented helps ensure loans are processed efficiently and in compliance with industry standards. Additionally, collaboration with underwriters and relationship managers is crucial to resolving any issues that arise during the review process.

What are the key skills and qualifications needed to thrive as a small business loan processor, and why are they important?

To thrive as a Small Business Loan Processor, you need strong analytical skills, attention to detail, and a solid understanding of lending regulations and financial documentation, often supported by experience in banking or finance. Familiarity with loan origination systems (LOS), credit analysis tools, and compliance software is typically required. Excellent communication, organizational skills, and customer service orientation help build trust with applicants and facilitate smooth loan processing. These skills are vital for ensuring accurate, compliant, and efficient loan approvals that support both the lender and small business clients.

What is the difference between Small Business Loan Processor vs Commercial Loan Processor?

AspectSmall Business Loan ProcessorCommercial Loan Processor
CredentialsLoan processing certifications, basic financial knowledgeSimilar certifications, often with additional commercial finance training
Work EnvironmentBanking or lending institutions, office settingCommercial banks, financial firms, office setting
Employer & IndustrySmall business lenders, community banksCommercial lenders, large financial institutions
Search & Comparison IntentUnderstanding roles in small business lendingComparing roles in commercial finance

Small Business Loan Processors and Commercial Loan Processors share similar responsibilities, such as reviewing financial documents and preparing loan packages. However, Small Business Loan Processors focus on loans for small businesses, often requiring knowledge of small business financials, while Commercial Loan Processors handle larger, more complex commercial loans. Both roles typically require similar certifications and work in office environments within financial institutions.

Is a small business loan processor a difficult job?

A small business loan processor's job involves reviewing loan applications, verifying financial information, and ensuring compliance with lending policies. It requires attention to detail, strong organizational skills, and familiarity with loan processing software, but the difficulty level varies based on experience and workload.
More about Small Business Loan Processor jobs

What job categories do people searching Small Business Loan Processor jobs look for?

The top searched job categories for Small Business Loan Processor jobs are:

Small Business Loan Processor jobs near you
Infographic showing various Small Business Loan Processor job openings in the United States as of August 2026, with employment types broken down into 83% Full Time, 14% Part Time, and 3% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Small Business Loan Workout Specialist

First Technology Federal Credit Union

Marlborough, MA • Hybrid

$59K - $71K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 23 days ago

Job description

Description

The Small Business Loan Workout Specialist is responsible for managing a portfolio of delinquent, criticized, classified, non-performing, and special asset small business loans. This role develops and executes workout and recovery strategies, conducts financial and collateral analysis, coordinates legal and recovery actions, and partners with internal and external stakeholders to maximize loan recovery while minimizing credit losses and ensuring regulatory compliance.

Here’s what you can expect from the job and what you need to be successful:  

What You'll Do: 

  • Manage a portfolio of criticized, classified, delinquent, non-performing, and SBA-guaranteed small business loans while maintaining appropriate risk ratings and portfolio monitoring practices.
  • Analyze borrower financial statements, tax returns, cash flow, collateral values, and repayment capacity to assess risk and develop effective workout strategies.
  • Negotiate and document loan modifications, restructures, extensions, payment arrangements, settlements, and forbearance agreements designed to maximize recovery and minimize loss exposure.
  • Coordinate repossessions, collateral liquidations, vehicle remarketing activities, asset recovery efforts, and vendor relationships associated with problem loan resolution.
  • Partner with legal counsel, trustees, collection agencies, and recovery specialists regarding bankruptcies, litigation, judgments, and collateral enforcement actions.
  • Prepare comprehensive credit memoranda, action plans, impairment analyses, and recovery recommendations for management review and approval.
  • Maintain complete, accurate, and audit-ready loan files while ensuring compliance with lending regulations, SBA requirements, credit union policies, and accounting guidance.
  • Support audits, examinations, regulatory reviews, and special projects by providing timely documentation, analysis, and subject matter expertise.

Essential Skills:

  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field, or equivalent combination of education and experience.
  • 2+ years of progressive experience in consumer, small business, commercial lending, credit analysis, collections, loan workouts, or special assets management.
  • Demonstrated knowledge of loan structures, credit risk analysis, financial statement interpretation, and borrower cash flow analysis.
  • Strong negotiation, problem-solving, and decision-making skills with the ability to develop practical workout and recovery solutions.
  • Working knowledge of regulatory requirements, loan recovery processes, collateral liquidation practices, and SBA program requirements.
  • Excellent written and verbal communication skills with the ability to effectively collaborate with members, attorneys, vendors, and internal stakeholders.
  • Proficiency with spreadsheet applications, financial analysis tools, and loan servicing systems.
  • Strong organizational skills with the ability to manage multiple priorities, maintain detailed documentation, and work independently.

Location: Hillsboro, OR | Marlborough/Chelmsford, MA

Target Compensation: $59,000 - $71,000

Schedule: Monday – Friday | 8am-5pm (Hybrid)


Who We Are:
What makes First Tech different? Click here to learn more!
Every great journey begins with a bold idea—and ours is no different. First Tech and DCU were founded on the belief that financial solutions should put people first. That belief has fueled decades of innovation and service, rooted in the tech sector and expanding to support members from all walks of life.
Employees are eligible for:
• Traditional medical, dental, and vision coverage
• Generous 401(k) match
• Paid Time Off: You'll accrue up to 15 days in your first year. In addition, you'll receive 40 hours of sick time and 3 personal days, which refresh annually
• Paid federal holidays
• Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility subject to standard account requirements and underwriting criteria)
Employment Statements:
First Tech is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
If you're applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to recruiters@firsttechfed.com and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.
First Tech is not currently offering Visa transfer/sponsorship for this position.