Small Business Loan Officer

Company: Washington Area Community Investment Fund (Wacif)

Location: Washington, DC

Job Function: Lending/Loan Operations


The Washington Area Community Investment Fund (Wacif) advances equity and opportunity in the Washington, D.C. area’s underserved communities by providing financial capital, business advisory services, and strategic networking support to underinvested entrepreneurs. Since its inception in 1987, Wacif has deployed more than $50 million in capital, served more than 3,500 entrepreneurs with business advisory services, and helped create or retain more than 20,000 local jobs. To learn more about Wacif’s work, visit


TITLE: Small Business Loan Officer


The Washington Area Community Investment Fund (Wacif) seeks a full-time Small Business Loan Officer, whom will be responsible for identifying, acquiring, and expanding lending opportunities in target markets with a focus on providing loan financing and technical assistance to small businesses. The Small Business Loan Officer will analyze, structure, and negotiate credit requests. In addition, the position works closely with existing Wacif clients and other key stakeholders to find solutions, effectively manage the loan process from origination through closing, and actively manage the borrower relationship throughout the term of the loan.

REPORTS TO: Chief Lending Officer (CLO)



  • Conduct proactive outreach to target underserved markets and communities to cultivate new lending opportunities.
  • Respond to referrals (internal and external) in a timely, professional manner.
  • Promote Wacif loan services and products and business services resources to prospective borrowers, community organizations, and other community partners.
  • Represent Wacif in public forums, facilitate community outreach efforts, and participate in other activities that promote lending products and services.

Loan Origination

  • Gather necessary data about business owners to ensure that informed decisions are made.
  • Analyze and verify borrower loan applications to determine creditworthiness and probability of repayment.
  • Provide guidance to prospective borrowers on loan products and specific requirements associated with each loan product.


  • Conduct comprehensive industry, financial analysis, and risk assessments to determine appropriate loan terms and repayment schedules.
  • Insure loan requests comply with loan underwriting, product and program policies and procedures.
  • Prepare and submit credit memorandums to CLO and/or loan committee for approval.
  • Assist with loan closing functions, including preparation of loan documents in consultation with appropriate staff members and legal counsel.

 Portfolio Management

  • Maintain accurate files of borrowers assigned.
  • Monitor borrower financial and organizational health, recommend action(s) and restructure loans when necessary.
  • Work closely with the Portfolio Manager to maintain…, contact borrowers with delinquent loan accounts to help them find a method of repayment to avoid defaulting on the loan.
  • Assist with impact data collection and reporting on borrowers.

Other Duties as Assigned 

  • Provide business consulting services/technical assistance to improve the financial capacity of prospective applicants and existing borrowers.
  • Prepare internal and external reports as required for executive management and Board of Directors.
  • Support Chief Lending Officer and other Team members, on various projects and assignments.


  • Bachelor’s degree from an accredited institution required.
  • Minimum of 2+ years of lending experience required; formal credit training is a plus.
  • Minimum of 1 year of mall business lending experience required. (Residential mortgage origination  and processing are not considered as small business lending experience).
  • Prior work-related experience and knowledge of community development lending, Small Business Administration (SBA) loans, and traditional and alternative loan programs is beneficial.
  • Strong financial skills required, including ability to develop and interpret financial statements prepared in compliance with business accounting and finance principles.
  • Hands-on experience working with small business owners is a plus.
  • Excellent verbal, written, and interpersonal communication skills.
  • Must possess the ability to meet performance goals.
  • Must possess ability to generate leads and develop a strong referral network.
  • Detail–oriented, with ability to work independently and collaboratively with a team.
  • Fluency in MS Office suite (Excel, Word, PowerPoint), and superior analytical skills are required.
  • Occasional evening and weekend hours may be required.
  • Bilingual (English/Spanish) a plus.

Compensation and Benefits

Competitive salary commensurate with experience. Medical, Dental, Vision, Life & Disability coverages available. 401(k) retirement plan (employer matching contribution eligible); paid time off (increased with tenure), paid holidays and sick leave days, transportation benefits, and education assistance benefits (professional development, tuition reimbursement, and student loan repayment).


How to Apply

Interested candidates should email a resume/CV, thoughtful cover letter that outlines how your skills and experience meet the qualifications of the position, and salary requirements to with “Small Business Loan Officer” in the subject line.

Wacif is an equal opportunity employer and welcomes candidates from diverse backgrounds.

Wacif provides a flexible and hybrid working environment with the opportunity to work remotely.

* Candidates must be fully vaccinated for COVID-19 as a condition of employment; Reasonable accommodations will be considered.