Job Description

Company Description UCEDC is a private, nonprofit statewide economic development corporation dedicated to supporting small business growth and job creation across New Jersey. Since 1977, the organization has provided lending, free and low-cost training, and guidance on government procurement opportunities to start-up and established businesses. As a Community Development Financial Institution (CDFI) and SBA lender, UCEDC offers financing from $5,000 to $5 million, including SBA microloans and 504 commercial real estate loans, with a focus on borrowers who may face barriers to conventional credit. Through partnerships and its APEX Accelerator, UCEDC delivers workshops, mentorship, and counseling that help businesses improve financial literacy and access federal, state, and local government contracts. The organization has a strong track record of impact, having loaned over $20 million and supported thousands of entrepreneurs in securing significant government contracts.

Role Description The Loan Officer is a full-time, role based in Cranford, NJ. This position is responsible for originating and underwriting small business loans, including SBA and other UCEDC lending programs, in alignment with organizational policies and community development goals. Day-to-day responsibilities include meeting with prospective borrowers, assessing creditworthiness, analyzing financial statements, and preparing complete loan packages for review and approval. The Loan Officer will guide applicants through the lending process, provide clear explanations of loan terms and requirements, and collaborate with internal teams to ensure timely closing and accurate documentation. The role also involves maintaining relationships with community partners, participating in outreach events, and supporting borrowers with ongoing guidance to promote business growth and successful loan performance. The position reports to Director of Microlending.

Qualifications

• Demonstrated experience in loan origination and Loan Officer responsibilities, preferably in small business or community development lending.
• Strong finance and underwriting skills, including financial analysis, risk assessment, and familiarity with SBA and similar lending programs.
• Excellent customer service skills, with the ability to communicate complex financial information clearly and support borrowers throughout the process.
• Knowledge of loan documentation, regulatory compliance, and internal lending procedures.
• Professional experience in finance, business, economics, or a related field.
• Ability to work on-site in Cranford, NJ with a hybrid schedule, manage multiple cases simultaneously, and meet deadlines in a mission-driven environment.
• Proficiency with standard office software and loan management systems; experience in nonprofit or CDFI settings is a plus.
• Strong interpersonal, organizational, and problem-solving skills, with a commitment to equitable access to capital for diverse entrepreneurs.

Compensation & Benefits

• Hybrid work environment requiring 2 in-office days (Cranford, NJ)
• Salary range from $65,000 - $80,000 annually depending on experience
• Benefits include health, dental and vision insurance (partially subsidized by employer for the employee), 403B, paid vacation time.

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