Lending Intern

Position: Lending Intern

Supervisor: Director of Lending

FLSA Status: Temporary, Nonexempt

Schedule: 40 hours per week for 12 weeks

Location: Combination of remote and office based

*Must be in Twin Cities area*

Start/End Date: June 2nd - August 22nd, 2025 (These dates are flexible depending on student school schedule)

Pay: $20 / hour

Organization Summary:

WomenVenture is a 501(c)(3) nonprofit organization with a mission to empower women to achieve their economic goals by building profitable and sustainable businesses that transform communities. We execute on this mission through providing clients access to business capital, coaching, and community. Our core values are to make meaningful change, to engage with empathy, and to persist boldly, and we seek out candidates who exemplify these characteristics.

Position Summary:

The Lending Intern will support the lending team by providing essential assistance to Loan Officers in managing the active loan application pipeline. This internship provides an opportunity to gain hands-on experience in small business lending and nonprofit financial services, specifically within the context of a Community Development Financial Institution (CDFI).

The intern will be responsible for assisting with client communication, loan status monitoring, and follow-up activities, ensuring that loan applications progress smoothly through the various stages. The intern will also support and contribute to the overall success of the lending team by gaining valuable skills in loan processing, compliance, and client relationship management.

This role is ideal for individuals seeking to develop a strong foundation in financial services, nonprofit lending, and community economic development while making a tangible impact on small businesses. The internship will provide opportunities for skill-building in client communication, loan pipeline management, and professional development in a supportive and collaborative environment.

This internship has been funded through the Associated Bank's Nonprofit Lender Internship Program. As part of this program, ideal candidates will demonstrate how they have overcome socioeconomic barriers during their time as a student or have lived in or graduated from a high school in a low- or moderate-income community. All students are encouraged to apply.

Core Duties:

• Assist Loan Officers in managing client communications, ensuring timely and professional responses to inquiries.
• Monitor and update the status of active loan applications in our pipeline.
• Follow up with clients and internal stakeholders to gather necessary documentation and information for loan processing.
• Support the preparation of loan packages and documentation for submission and review.
• Conduct research and analysis as directed to support loan decision-making processes.
• Maintain accurate and organized records of client interactions and loan application progress.
• Collaborate effectively with team members to ensure efficient workflow and client satisfaction.
• Other duties, tasks, and responsibilities that may be assigned at any time

Required Skills & Experience:

• Currently pursuing in a degree in a business related or IT field with a minimum GPA of 3.0.
• Interest in learning about financial services and small business lending.
• Proficiency in Microsoft Office Suite preferred, with an ability to learn and adapt to proprietary industry software products.
• Excellent customer service skills.
• Excellent cultural competencies and ability to collaborate across diverse perspectives, ideas, and people with diverse backgrounds.
• High level of commitment to issues of gender equality and the social mission of the agency.
• Strong organizational skills with the ability to prioritize tasks and manage time effectively.
• Excellent verbal and written communication skills.
• Detail-oriented with a commitment to accuracy and thoroughness in work.
• Ability to work independently as well as part of a collaborative team environment.
• The intern cannot be a member or relative of WomenVenture's staff or Board of Directors.

Application Procedure

Interested candidates should submit their applications using the link provided and will be contacted via email for next steps.

Benefits

• The intern will receive a minimum of 4 hours of professional development training from Associated Bank. Examples are interviewing and resume writing skills and effective presentation and communications training.
• The intern will be assigned an Associated Bank mentor based on the intern's interest or area of focus.
• Hands-on experience in financial services and small business lending.
• Opportunity to learn from experienced Lending Professionals and gain insight into the loan application, origination, and underwriting process.
• Exposure to an established Nonprofit, Community Development Financial Institution with a recognized 46-year history and reputation for being dedicated to supporting small businesses and underserved communities.

Work Environment/Physical Demands

While performing the duties of this position, the intern is frequently required to sit for extended periods and may be required to stand for an extended period. The employee may occasionally move items weighing up to 25 pounds. Reasonable accommodation will be made to enable individuals with disabilities to perform the essential functions of the position.

This position description is intended to describe the general nature and level of work being performed by people assigned to this position. It is not intended to be an entire list of all activities, tasks, and skills required of people in the position.

WomenVenture is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.