Business Development Vice President
Job Title: Vice President of Business Development – Loan Partnerships & Origination
Location: Midtown, New York City – On-Site, Full time, with travel to prospects as needed
Employment Type: Full-Time
Reports To: Chief Revenue Officer
Company: altbanq
Company Website: https://altbanq.com/
About altbanq
Founded in 2014 as SOS Capital and rebranded as altbanq, our firm specializes in providing fast, flexible financing to small businesses across the United States.
Our Vision: Building a financial ecosystem designed for business success.
Our mission is to refine, enhance, and unify financial products, delivering better solutions for businesses to grow.
Position Overview
altbanq is seeking an experienced and highly motivated Vice President of Business Development to lead our efforts in driving growth and forging strategic partnerships. This senior leadership role will focus on generating loan leads, cultivating high-value relationships with key referral partners, and establishing direct connections with potential borrowers. The VP will play a critical role in shaping altbanq’s revenue strategy and ensuring its continued success in the alternative lending space. This role is based in New York, NY, with a requirement to travel to meet prospects and partners as necessary.
Key Responsibilities

Strategic Partnership Development: Identify, source, initiate, and establish partnerships with investment banks, insurance brokers, private equity funds, financial advisors, trade associations, and other referral sources to build a personal pipeline of commercial loan loads.
Business Borrower Relationships: Oversee and manage efforts to build a robust pipeline of direct business borrowers through relationship-building, outbound strategies, and industry engagement.
Revenue Growth Strategy: Work closely with the Chief Revenue Officer to develop and execute a comprehensive business development strategy aimed at scaling loan origination and maximizing revenue generation.
Co-marketing & Partner Enablement: Collaborate with internal teams to create co-marketing initiatives and partner tools that enhance lead flow and improve overall partner efficiency.
Team Leadership & Collaboration: Lead, mentor, and collaborate with the business development team to achieve individual and collective goals. Partner with the marketing and underwriting teams to ensure alignment and seamless execution.
Industry Expertise: Maintain a deep understanding of industry trends, competitor offerings, and regulatory changes in alternative lending to guide strategy and keep altbanq competitive.
Travel: Travel as necessary to meet with key prospects, partners, and stakeholders in person to strengthen relationships and secure business opportunities.

Qualifications

5-8 years of experience in business development, partnerships, or sales leadership, with a proven track record in fintech, commercial lending, or financial services.
Significant experience in leading business development efforts, building strategic partnerships, and growing loan origination pipelines.
Strong understanding of term loans and cash flow-based financing.
Exceptional leadership, communication, negotiation, and relationship-building skills, with a demonstrated ability to lead cross-functional teams.
Strategic thinker with the ability to develop and execute long-term revenue strategies that align with company goals.
Proficiency with CRM tools (Salesforce) and sales enablement platforms.
Ability to thrive in a fast-paced, results-driven environment.
Willingness to travel as needed to meet with partners and prospects.

Nice to Have

Existing portfolio of referral partners, strategic contacts, or relationships within the SMB lending ecosystem.
Prior experience in a leadership role within fintech or business lending.

Why Join altbanq:

Be part of a growing company with a modern and entrepreneurial culture
Work directly with experienced executives and a team who value clear communication and creative input
Competitive compensation: $90,000 – 110,000 base salary depending on experience plus commission
Comprehensive health, dental, and vision benefits with FSA and commuter benefits
Unlimited PTO policy
401(k) retirement plan
Professional growth opportunities

How We Hire:

Resume Review
First Round — Zoom Interview: We’ll focus on your communication style, experience, and business development mindset
Second Round –Zoom Interview: Meet the relevant team and key stakeholders
Pitch / Final Round — On-Site Interview A deeper conversation with the team at our Midtown NYC office and pitch altbanq to the team

About the company

altbanq is a financial technology company connecting businesses with financing options. The company supports applications and matching for working capital, lines of credit, equipment financing, and other commercial funding products. It serves small and midsize businesses, business owners, lenders, and referral partners. Its operating model centers on a digital intake and finance marketplace supported by underwriting coordination and customer service. Teams work across financial technology, sales, underwriting support, partnerships, operations, compliance, and service. Its work connects business finance expertise with coordinated delivery for small-business owners.

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

2017

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Simplify's Take

What believers are saying

Trustpilot showed 245 reviews and 4.7/5 rating on 2026-10-05.
NerdWallet on 2026-09-23 highlighted 24-month terms and up to $10 million loans.
Altbanq posted March 2026 case studies showing one-day funding for $1.75 million.

What critics are saying

NerdWallet lists up to 40% APR and 2% origination fees, crushing borrower economics.
United Capital Source said Altbanq hides rates upfront, damaging conversion and trust.
Trustpilot shows unresolved negative reviews; predatory-lending complaints threaten Altbanq's reputation.

What makes altbanq unique

Altbanq offers $100,000-$10,000,000 term loans with same-day funding, per 2025-11 website.
Altbanq uses Plaid-linked underwriting and decisions within 24 hours, streamlining origination.
Altbanq rebranded from SOS Capital, preserving a 2014 lending track record.

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Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Commuter Benefits
401(k) Retirement Plan
Health Savings Account/Flexible Spending Account
Performance Bonus

Company News

TipRanks

May 6th, 2024

Precipio Inc Secures High-Interest Loan with Repayment Options

Precipio, Inc. has secured a $250,000 loan from Altbanq Lending LLC, with a steep 20% interest rate and weekly repayments of $5,769.24, totaling $300,000 excluding fees.

altbanq

Vice President of Business Development - Loan Partnerships & Origination

About the job