SBA Closing Officer

Company: Cathay General Bancorp
Location: El Monte
Posted on: January 16, 2026

Job Description:

Under the supervision of the SBA Closing Manager, the SBA Closing Officer supports various functions of SBA lending, including loan packaging, and primarily the closing and post-closing process, as well as ensuring compliance with SBA rules and regulations. Under minimal supervision and following established department policies and procedures, prepares and analyzes loan closing, servicing, liquidation; and participates in problem resolution. ESSENTIAL FUNCTIONS • Prepare and review the SBA, GP, CLP, and PLP loan submission packages. • Ensure SBA Terms and Conditions are consistent with approved credit memo. • Prepare and review Closing Checklist and SBA closing documents. • Prepare and review Lender’s Escrow Instructions. • Review Prelim Title Report, Purchase Agreement and Escrow Instructions. • Review loan file for any missing items and follow up with loan officer/borrower. • Coordinate with borrower, broker, title, escrow, CDC and outside counsel for loan closing. • Review entity formation documents and submit the loan doc request to DCF via nCino. • Collect all pending items, including insurance, upload all executed loan documents to nCino, and coordinate funding with DCF. • Fund and service in compliance with SBA, SOP, and Bank approval conditions in a timely and accurate manner. • Issue cashiers check to pay all necessary loan related fees and costs. • Generate monthly production reports and prepare the G/L Account & SBA Bank Control Account Certifications. • Track loan referrals within the Bank and prepare loan broker referral fee after loan closing. • Assists in operational duties of the division, including supporting the required paperwork for secondary market sales. • May provide training and coaching to less experienced team members in the department. QUALIFICATIONS • Education: College degree in accounting, finance, or business preferred but not mandatory. • Experience: Minimum 2 years independently closing and packaging SBA 7(a) and 504 loans. • Skills/Ability: PC proficient and detail oriented. Strong verbal and written communication skills. Bilingual (English/ Mandarin or Cantonese) is a plus.

Keywords: Cathay General Bancorp, Cathedral City , SBA Closing Officer, Accounting, Auditing , El Monte, California