Equipping Latinos And Other DC And Baltimore Metro Area Residents With Skills And Financial Tools To Create A Better Future For Their Families And Communities


Small Business Loan Officer and Underwriter

Position Summary: One of LEDC's most important services to small businesses is our micro-loan program. LEDC currently lends up to $50,000 for small or emerging businesses unable to obtain financing from mainstream financial institutions. The goal of the program is to provide first step financing to promising entrepreneurs, and we ultimately seek to "graduate" them to larger loans with traditional lenders, thereby increasing their capacity to create wealth for their owners and economic opportunity for the communities they serve.
Essential Job Duties/Responsibilities:
  • Underwrite small business loan transactions, including business plan reviewing, financial analysis and due diligence
  • Help the organization to generate a constant inflow of new lending clients in to the pipeline
  • Prepare credit analysis and recommendation memo for review and approval.
  • Verify feasibility and structure of proposed loan and the character, capacity, collateral and cash flow of the borrowers
  • Assist our portfolio management team in working with clients whose loans are past due and/or their business is showing signs of trouble.
  • Provide pre and post loan technical assistance for lending clients
  • Develop and maintain relationships with individuals and organizations with strong community ties that are consistent with LEDC's mission. These organizations may include, but are not limited to, credit unions, banks, Certified Development Companies, chambers of commerce, etc.
  • Maintain close customer contact to ensure continued satisfaction, and to follow or anticipate additional financing needs.
  • Monitor and report changes in credit quality.
  • Attend loan closings to ensure loans are properly closed.
  • Effectively track portfolio quality of his/her portfolio including contact clients with past due payments
  • Ensure that LEDC is in possession of current financial information and that the information has been properly analyzed and on file, and that proper and complete credit files are on hand.
  • Participate on promoting LEDC products and services
Education and Experience Qualifications Required:
  • Bachelor's degree, preferably in Business, Accounting or Finance
  • One or more years of experience with a commercial lender
  • Strong verbal and written communication ability and organizational skills
  • Proficient on computer skills using Microsoft Word, Excel, Power Point and Outlook
  • Good level of interpersonal and social skills needed to interact with customers or prospective clients
  • Good time management skills
  • Hands on experience working with small business owners is a plus
  • Bilingual (English/Spanish), and culturally sensitive
  • Demonstrated commitment to working with low income communities
Salary and Benefits:
  • Salary is commensurate with experience, qualifications, and salary history. Salary range: $38,000 to $42,000.
  • Benefits are competitive within the DC area: compensation currently includes, healthcare plan with ZERO employee contribution, 10 observed holidays, and 4 weeks of vacation per year.
To apply, send cover letter and resume to Diana Avellaneda, Lending Program
LEDC is an equal opportunity employer; and does not discriminate on the basis of race, color, religion, sex, national origin, disability or sexual orientation.
Applicant must be authorized to work in the United States.

DC Small Business Coach and Trainer

Position Summary: The Latino Economic Development Corporation (LEDC) is seeking candidates for a DC Small Business Coach and Trainer. This full-time position plays a key role in providing business one-on-one technical assistance and group trainings to small business. This position will report to the Program Manager of Small Business Development and will work alongside a highly motivated team. Qualified candidates must possess a diverse set of skills including fluency in both English and Spanish, small business experience, and experience with immigrant populations.

LEDC's small business services help low-to-moderate income entrepreneurs acquire the skills and knowledge to successfully open and grow their businesses, including assistance obtaining licenses and permits, marketing, recordkeeping and business planning. Our clients range from small start-ups such as cleaning or construction companies to established restaurants with multiple employees and locations. LEDC also operates a microloan fund that works in close collaboration with the small business lending team under one Department: Small Business Services.

Essential Job Duties/Responsibilities:

  • Provide one-on-one coaching and interactive group trainings to aspiring and existing small businesses to help improve their core business skills and navigate the licensing/registration process--both onsite and offsite at partner organizations in the community.
  • Recruit and manage volunteers and consultants to assist with small business consulting and trainings.
  • Develop and improve comprehensive training curriculum, working collaboratively with other team members and consultants.
  • Build client base and fill courses through outreach via partner organizations, newsletters, phone-banking, site visits, public service announcements and community events.
  • Assist in programmatic and organizational advocacy efforts.
  • Perform administrative tasks including intake, contact management, and data entry.
  • May need to work on evenings/weekends, as needed.

Education and Experience Qualifications Required:

  • Bilingual in English and Spanish required
  • Experience providing small business technical assistance and/or training preferred
  • Excellent communication and presentation skills, both written and verbal
  • Bachelor's in Business Administration or related field
  • Experience running a small business a bonus
  • Available to work occasional nights and weekends as needed
  • Experience and/or familiarity with small business financial management
  • Experience and/or familiarity with small business marketing strategies
  • Excellent organizational skills and ability to manage and multi-task in a fast-paced environment
  • Strong technical skills including Microsoft Excel, Word, PowerPoint and Publisher
  • Self-starter, able to work with limited supervision
  • Demonstrated ability to relate to people from a broad range of socio-economic backgrounds, formal education levels, cultures, etc.
  • Strong knowledge of and sensitivity to Latino culture
  • Understanding of small business development as a tool for community-based economic development
  • Applicant must be authorized to work in the United States.

Salary and Benefits:

  • Salary is negotiable depending on experience, qualifications, and salary history. Salary range is $38-45K.
  • Benefits are competitive within the DC area and include a healthcare plan, 10 observed holidays, and 4 weeks of vacation per year.
To apply, send cover letter and resume to Rossana Espinoza
LEDC is an equal opportunity employer; and does not discriminate on the basis of race, color, religion, sex, national origin, disability or sexual orientation.
Applicant must be authorized to work in the United States.

Bilingual Housing Counselor

Housing Counseling Program LEDC is a HUD-certified housing counseling agency that helps families in the DC area to buy their first home and save their homes from foreclosure. LEDC accomplishes these goals by administering DC's first-time homebuyer program (HPAP), providing financial capability and credit education and counseling, providing foreclosure counseling and technical assistance.

The Housing Counselor will provide group training and direct housing counseling to LEDC clients around home purchase, financial capability, rental counseling, Inclusionary Zoning Program, Affordable Dwelling Units, and foreclosure prevention. The counselor will be responsible for the following:

- Provide housing counseling to support clients in meeting their housing goals including budgeting, establishing or improving credit, pre-purchase, foreclosure prevention, and post-purchase education.

- Package applications for DC's Home Purchase Assistance Program.

- Inclusionary Zoning Program and Affordable Dwelling Units individual counseling

- Issue the Income and Household Size certification for the Inclusionary Zoning program and Affordable Dwelling Units

- Conduct group workshops and presentations on home purchase, foreclosure prevention and financial capability.

- Analyze and discuss clients' financial capacity to buy a home and create financial action plans with clients.

- Provide technical assistance related to housing counseling such as submitting and tracking paperwork for first-time homebuyer programs or foreclosure prevention.

- Document and track data related to housing counseling services utilizing Counselor Max and other applicable tools.

- Conduct community outreach for housing counseling services

- Assist in completion of reports for assigned programs in a timely and efficient manner.

- Participate in District housing counseling and foreclosure prevention efforts.

- Attend trainings as needed for continuing education as a Certified Housing Counselor

Preferred Qualifications:

- LEDC has a strong preference for an experienced, certified housing counselor

- Energetic and detail oriented team player with a deep commitment to high quality housing counseling and service delivery;

- At least two years of previous housing counseling experience;

- Ability to work well with others, be a good listener, think creatively;

- Strong computer skills and proficiency in Microsoft Office as well as CounselorMax or another database platform;

- Flexible work schedule, including ability to work some nights and Saturdays; and

- Bilingual in Spanish and English.

This is a full-time, 40 hour / week position that requires some nights and Saturday hours.

Salary: Negotiable based on experience, plus full benefits and generous vacation.

LEDC is an affirmative action, equal opportunity employer; women and people of color are strongly encouraged to apply.

To apply, send cover letter and resume to Walda Yon at No phone calls please.

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