SBA Closing Specialist

Chinatown, Los Angeles, CA, USA Req #1734
Monday, October 2, 2023
People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic?  If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success.  We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.

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 Responsible for supporting all functions of SBA lending, including loan packaging, overseeing the closing and post-closing process, and ensuring compliance with SBA rules and regulations.





  1. Prepares SBA application documents and submission to SBA for approval (GP and PLP submission). 
  2. Prepares SBA Authorization.
  3. Collects and reviews documents required for closing.
  4. Prepares Lender’s Instructions.
  5. Prepares and maintains credit files through to loan closing.
  6. Upload all necessary documents to CLX for Loan Docs Preparations.
  7. Assists in tickler maintenance.
  8. Works closely with escrow, title, marketing and loan administration personnel to ensure timely and efficient loan closing.
  9. Prepares various monthly reports
  10. Assists in payment of referral fees and associated vendors fee such as appraisal, environmental, title fee etc.  
  11. Prepares G/L ticket and wire transfers on funding date and/or loan disbursement.
  12. Images Loan Files after closing and all post funding docs are in files.
  13. Collects daily incoming mails for distributions.
  14. Orders and maintains office supplies
  15. Interact with customers to assist in collecting necessary information for loan processing, loan underwriting, and loan servicing. 
  16. Assists in operational duties of the division, including secondary market sales.
  17. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
  18. Performs duties specific to the position and other functions as assigned.





  • Education: College degree in accounting, finance, or business preferred but not mandatory.
  • Experience: 1-2 years’ experience in loan administration preferably in commercial lending.  Some knowledge and experience in Accounting and Bookkeeping related field, experience in Banking related field is a plus.
  • Skills/Ability: PC proficient and detail oriented.  Strong verbal and written communication skills. Bilingual (English/Mandarin or Cantonese) is a plus.


$16.82 – $21.64 / hour


Pay determined based on job-related knowledge, skills, experience, and location.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k). 


Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.


Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.


Click here to view the EEO is the Law poster in English. Poster- English
Click here to view the EEO is the Law supplement in English.Supplement- English


Clic aquí para ver la EEO es la Ley póster en español. Poster- Spanish 

Clic aquí para ver la EEO es la Ley suplemento en español.Supplement- Spanish


点击这里查看EEO是法律海报的中文Poster- Chinese

点击这里查看EEO是法律和补充條例的中文"Supplement- Chinese



Cathay Bank endeavors to make accessible to any and all users.  If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.comThis contact information is for accommodation requests only and cannot be used to inquire about the status of applications.