Head of Credit – SBA

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Company: BlueVine
Location: Salt Lake City, UT

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Small business success begins with better banking. That’s where we come in. BlueVine is a leader in small business banking – providing smart, fast and easy-to-use solutions specifically designed with small business owners in mind. We’ve helped 20,000+ businesses since we started in 2013, funding more than $2.5 billion in working capital through our pioneering online platform. Headquartered in Redwood City, CA (across the RWC CalTrain station), BlueVine is backed by leading investors including Menlo Ventures, Lightspeed Ventures, Citi Ventures, SVB Financial, Nationwide Insurance, M12 (Microsoft’s Venture Arm).
BlueVine Business Lending (BBL) is a Business and Industrial Development Company licensed to make SBA 7(a) loans through the US Small Business Administration. Upon approval from SBA, as the BBL Head of Credit, you will play an essential role in making decisions to fund thousands of small businesses through the SBA 7(a) loan program so that they can access the cash they need to maintain and expand their business.

WHAT YOU’LL DO:

  • Collaborate with the BBL President and Head of Operations (and others) on the BIDCO license application
  • Be responsible for the overall integrity of underwriting, closing and portfolio management in compliance with BBL Credit Policy and Guidelines and within the regulatory framework of the SBA
  • Have direct supervisory responsibility for the underwriting and loan approval functions
  • Develop and maintain BBL credit policy in compliance with Bluevine and SBA guidelines and be direct interface with IT to assure technology accurately reflects this policy
  • Improve existing policies and workflows and help build a strong, scalable process

WHAT WE LOOK FOR:

  • At least 10+ years of experience underwriting / approving / managing SBA 7(a) loans
  • Working knowledge of PowerPoint, Excel, and Word
  • Possess an in-depth understanding of various small business funding products including MCA, short-term loans, long-term loans, SBAs, ABLs, and credit card facilities
  • Ability to understand complex cash flow-based term loans
  • Analytical and detail oriented
  • Quick-thinker, fast learner, problem solver
  • Strong work ethic—gets things done within a strict time frame
  • Collaborative nature
  • Technical inclination

BENEFITS & PERKS:

  • Receive over $1,000 annually for a wellness benefit of your choice
  • Free commuter benefits – CalTrain passes for SF employees and a monthly parking allowance for SF/NJ employees
  • Weekly catered lunches
  • Unlimited snacks in fully stocked kitchens
  • Generous PTO and holidays
  • Excellent health coverage and life insurance benefits
  • Generous, paid parental leave which covers up to 15 weeks
  • Pet-friendly offices
BlueVine’s mission is to help business owners succeed and thrive by making sure they have convenient access to capital for their everyday funding needs. We’ve helped thousands of businesses since we started in 2013, funding more than $2 billion in working capital through our pioneering online platform. Our invoice factoring product allows businesses to receive cash advances on their outstanding invoices, offering factoring lines of up to $5 million. Our business line of credit product, called Flex Credit, offers financing based on 6-month and 12-month payment terms, and credit lines of up to $250,000. Based in Redwood City, Calif., BlueVine is backed by leading venture capital firms.