• Carefully examine loan applications and verify financial information: Determine whether the business applying for the loan is capable of meeting monthly loan payments on time.

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• Evaluate the credit history of the applicant: Review Credit Information: finding all possible financial assets belonging to the company and evaluating their worth as it relates to the loan amount being requested.

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• Recommend approval or disapproval of the loan application based on the information provided by the business and the data they uncover during the application process.

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• Once a loan has been approved and money given to a commercial client, the loan officer is responsible for making sure that loan payments are made on time. This may require making follow-up phone calls and checking in with borrowers to ensure they are paying off their line of credit. Should loan payments fail to be made regularly, loan officers may need to take action by reporting borrowers to collection agents.