Business Development – Lending Specialist

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🔥 55 minutes ago

⚓ Rhode Island – Remote

⚓ Rhode Island – Remote

💵 $75k - $95k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

💰 Business Development (BDR)

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New Majority Capital

WebsiteLinkedInAll Job Openings

2 - 10 employees

💸 Finance

🌍 Social Impact

💼 Consulting

💰 Seed on 2022-12

Finance • Social Impact • Consulting

New Majority Capital is an impact investment firm that focuses on closing persistent wealth gaps in the United States by increasing the number of underrepresented business owners through entrepreneurship through acquisition (ETA). The organization provides capital, concierge services, and an accelerator (bETA) to help emerging entrepreneurs acquire and operate proven small businesses; it emphasizes non-extractive financing structures that aim to generate competitive investor returns while building wealth in overlooked communities. New Majority Capital also operates a foundation and partners with investors and community organizations to support its mission.

📋 Description

• Work with entrepreneurs to assess the strength and structure of LOIs before submission • Provide feedback on deal structuring, including seller notes in alignment with SBA 7a underwriting guidelines • Help build and review datarooms to ensure completeness and lender readiness • Serve as a trusted advisor in preparing borrowers for underwriting and funding conversations • Manage our pipeline of entrepreneurs as they go through various stages from intake form reviews to obtaining countersigned LOIs and term sheets • Own and expand NMC’s lender network, especially SBA 7(a) partners and CDFIs • Match entrepreneurs with appropriate lenders based on deal profile, geography, and fit • Stay current on SBA policy changes and guide entrepreneurs accordingly • Act as a go-between for borrowers and banks, smoothing out roadblocks and misalignments • Represent NMC at lending, ETA, and small business finance events • Participate in our bETA accelerator as a speaker and mentor on loan prep and process • Help shape curriculum related to capital readiness, lender engagement, and SBA literacy

🎯 Requirements

• 3–5+ years of experience in SBA 7(a) lending—either in originations or underwriting • Strong grasp of deal flow, loan structuring, and credit risk • Experience working with small business owners or acquisition entrepreneurs • Excellent relationship-building skills with both entrepreneurs and lenders • Business development mindset and customer service experience • Familiarity with self-funded ETA or search funds (Bonus Points) • Experience presenting at or contributing to entrepreneur-facing educational programs (Bonus Points) • Existing relationships with lenders or credit officers at SBA-active banks (Bonus Points)

🏖️ Benefits

• 100% company covered health insurance plans • Company sponsored 401(k) retirement savings plan with 3% company match • New employees start with 15 vacation days, 6 personal days, and 10 sick days