SBA Disbursement Coordinator

ConnectOne Bank is a growth-oriented commercial bank focused on putting people first and empowering employees. The SBA Disbursement Coordinator plays a key role in managing SBA-backed loan disbursements, ensuring compliance and documentation accuracy while collaborating with various stakeholders to facilitate timely funding.

Responsibilities

• Support the Bank’s 'People First' focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing clients excellent service, always striving to make CNOB 'A Better Place to Be'
• Process SBA 7(a), 504, and SBA Express loans from initial disbursement through full funding
• Set up and maintain construction and multi-advance loan disbursement files, ensuring all documentation meets SBA, CNOB, and regulatory standards
• Review, analyze, and disburse loan draws in accordance with guidelines, securing required approvals from management
• Collect, track, and maintain required insurance documentation; process updates or modifications as needed
• Maintain organized, audit-ready loan files to support quality control, internal audits, and SBA compliance reviews
• Order and review third-party inspection reports and title endorsements; resolve discrepancies with borrowers, contractors, title companies, or internal stakeholders
• Serve as a primary point of contact for borrowers and vendors throughout the disbursement process
• Support SBA Operations with additional duties and special projects as assigned

Skills

• Strong “People First” interest and ability
• Strong understanding of SBA 7(a), 504, and SBA Express loan programs
• Experience with construction lending, multi-advance disbursements, or loan servicing preferred
• Familiarity with collateral perfection requirements and regulatory compliance
• Strong organizational skills with the ability to maintain audit-ready files
• Ability to manage multiple loans and deadlines simultaneously
• Problem-solving mindset with the ability to resolve issues with borrowers and vendors
• Minimum 1-3 years of SBA experience
• High attention to detail capable of identifying discrepancies in documentation

Benefits

• World class health, vision, and dental benefits on day one
• 401k with employer match
• Hybrid work from home (depending on role)
• Employee appreciation events (team building, softball games, food truck days, etc..)
• Employee assistance programs (EAP)
• Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
• Tuition reimbursement
• Employee Discount perks
• CNOB Community Service Events….and much, much more!

Company Overview