Business Loan Processor III Salary in the United States
How much does a Business Loan Processor III make in the United States?
As of September 01, 2026, the average salary for a Business Loan Processor III in the United States is $61,990 per year, which breaks down to an hourly rate of $30.
However, a Business Loan Processor III's salary can vary significantly. Here’s a look at the typical salary range:
Top Earners (90th percentile): $71,733
Majority Range (25th-75th percentile): $57,790 to $67,090
Entry-Level (10th percentile): $53,966
10%$53,966
50% (Median)$61,990
90%$71,733
Business Loan Processor III Salaries by Percentile
Key Factors That Influence Business Loan Processor III Salaries
A Business Loan Processor III's salary isn't a fixed number. It's shaped by several important factors.
Below, we'll explore how your years of experience, geographic location
and company size
can directly affect your earning potential.
How Experience Level Affects Business Loan Processor Salaries?
Experience is a primary driver of a Business Loan Processor III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
How Do Business Loan Processor III Salaries Vary from State to State?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Business Loan Processor IIIs. For example, consider the average annual salaries in these key locations:
Top Paying Cities for Business Loan Processor IIIs
Salaries can also vary between different cities.
Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay.
Here are a few examples of average annual salaries in different U.S. cities:
San Jose: $78,090
San Francisco: $77,290
Oakland: $75,590
San Jose, CA$78,090
San Francisco, CA$77,290
Oakland, CA$75,590
New York, NY$71,290
Paramus, NJ$70,490
Queens Village, NY$70,490
Passaic, NJ$70,390
Bergenfield, NJ$70,390
Stamford, CT$70,290
Huntington, NY$70,190
Newark, NJ$69,790
Bridgeport, CT$69,590
Vallejo, CA$69,490
New Brunswick, NJ$69,490
Petaluma, CA$69,490
Middlesex, NJ$69,290
Somerset, NJ$69,290
Santa Cruz, CA$69,190
Boston, MA$68,790
Monterey, CA$68,590
Seattle, WA$68,490
Santa Rosa, CA$68,490
Los Angeles, CA$68,390
Juneau, AK$68,290
Washington, DC$68,190
Orange, CA$67,990
Long Beach, CA$67,790
Anaheim, CA$67,790
Santa Ana, CA$67,790
Anchorage, AK$67,690
Santa Maria, CA$67,490
Everett, WA$67,490
Danbury, CT$67,290
Bremerton, WA$67,190
Sacramento, CA$66,990
Tacoma, WA$66,990
New Suffolk, NY$66,990
Trenton, NJ$66,890
San Diego, CA$66,890
Santa Barbara, CA$66,890
Brockton, MA$66,790
Fairbanks, AK$66,590
Lompoc, CA$66,490
Lowell, MA$66,390
Ventura, CA$66,390
Nashua, NH$66,390
Stockton, CA$66,390
Modesto, CA$65,890
Poughkeepsie, NY$65,790
Olympia, WA$65,690
Kennewick, WA$65,690
New Haven, CT$65,690
Lawrence, MA$65,390
Hartford, CT$65,390
Riverside, CA$65,390
New Bedford, MA$65,290
Richland, WA$65,290
New London, CT$65,190
Atlantic City, NJ$65,190
San Bernardino, CA$65,190
Bakersfield, CA$65,190
New Britain, CT$65,190
Norwich, CT$65,090
Portsmouth, NH$65,090
Boulder, CO$64,990
Portland, OR$64,890
Worcester, MA$64,890
Minneapolis, MN$64,690
Philadelphia, PA$64,590
Honolulu, HI$64,390
Saint Paul, MN$64,390
Vineland, NJ$64,390
Providence, RI$64,190
Chicago, IL$63,990
Springfield, MA$63,890
Baltimore, MD$63,890
Bellingham, WA$63,890
Chico, CA$63,690
Pittsfield, MA$63,590
Manchester, NH$63,390
Spokane, WA$63,190
Denver, CO$63,190
Albany, NY$62,890
Troy, NY$62,790
Nassau, NY$62,790
Schenectady, NY$62,690
Wilmington, DE$62,690
Salem, OR$62,590
Burlington, VT$62,590
Portland, ME$62,390
Yakima, WA$62,290
Rochester, MN$62,090
Reno, NV$62,090
Fresno, CA$62,090
Milwaukee, WI$61,990
Detroit, MI$61,990
Allentown, PA$61,890
Ann Arbor, MI$61,890
Carson City, NV$61,790
Colorado Springs, CO$61,790
Syracuse, NY$61,790
Houston, TX$61,690
Eugene, OR$61,690
Gary, IN$61,590
Springfield, OR$61,590
Bismarck, ND$61,590
Galveston, TX$61,490
Concord, NH$61,390
Fort Collins, CO$61,390
Medford, OR$61,390
Austin, TX$61,290
Mesa, AZ$61,190
Reading, PA$61,190
Phoenix, AZ$61,190
Dallas, TX$61,190
Saint Cloud, MN$61,090
Madison, WI$60,990
Utica, NY$60,890
Raleigh, NC$60,790
Rochester, NY$60,790
Des Moines, IA$60,790
Atlanta, GA$60,690
Battle Creek, MI$60,590
Salt Lake City, UT$60,590
Lancaster, PA$60,490
Columbus, OH$60,390
Fort Worth, TX$60,390
Champaign, IL$60,390
Kansas City, MO$60,390
Harrisburg, PA$60,390
Kansas City, KS$60,390
Boca Raton, FL$60,290
Pittsburgh, PA$60,290
Richmond, VA$60,290
Indianapolis, IN$60,290
Cleveland, OH$60,290
Las Vegas, NV$60,190
Cincinnati, OH$60,190
Petersburg, VA$60,090
Huntsville, AL$59,990
Lansing, MI$59,990
Lebanon, PA$59,990
Pueblo, CO$59,990
Saint Louis, MO$59,890
Racine, WI$59,890
Charlotte, NC$59,890
Buffalo, NY$59,890
Appleton, WI$59,890
Dayton, OH$59,890
Lorain, OH$59,790
York, PA$59,790
Elkhart, IN$59,790
Gastonia, NC$59,790
Billings, MT$59,790
Beaumont, TX$59,790
Benton Harbor, MI$59,790
Springfield, IL$59,690
Rockford, IL$59,690
Rock Hill, SC$59,690
Binghamton, NY$59,690
Toledo, OH$59,690
Elyria, OH$59,590
Fargo, ND$59,590
Flagstaff, AZ$59,590
Fort Lauderdale, FL$59,590
Cheyenne, WY$59,490
Grand Forks, ND$59,490
Duluth, MN$59,490
Miami, FL$59,490
Bangor, ME$59,290
Cedar Rapids, IA$59,290
Durham, NC$59,290
Hialeah, FL$59,190
Louisville, KY$59,190
Grand Rapids, MI$59,190
Scranton, PA$59,090
New Orleans, LA$59,090
Casper, WY$59,090
Virginia Beach, VA$58,990
Akron, OH$58,990
Peoria, IL$58,890
Sarasota, FL$58,890
Nashville, TN$58,890
Omaha, NE$58,890
Green Bay, WI$58,890
Charleston, SC$58,790
Baton Rouge, LA$58,790
Davenport, IA$58,790
Jamestown, NY$58,790
Tucson, AZ$58,790
Port Arthur, TX$58,690
Evansville, IN$58,690
Bradenton, FL$58,690
Saint Petersburg, FL$58,690
Tampa, FL$58,690
Santa Fe, NM$58,490
Clearwater, FL$58,390
Orlando, FL$58,390
La Crosse, WI$58,290
Canton, OH$58,290
Albuquerque, NM$58,290
Newport News, VA$58,190
High Point, NC$58,190
Ogden, UT$58,190
Corpus Christi, TX$58,190
Jacksonville, FL$58,090
Saginaw, MI$58,090
Norfolk, VA$58,090
Laramie, WY$58,090
Rock Island, IL$58,090
Fort Myers, FL$57,990
Salisbury, NC$57,990
Boise, ID$57,990
Moline, IL$57,990
Memphis, TN$57,990
Waterloo, IA$57,890
Tulsa, OK$57,890
Spartanburg, SC$57,790
Lincoln, NE$57,790
Fort Wayne, IN$57,790
Provo, UT$57,790
South Bend, IN$57,690
Cedar Falls, IA$57,690
San Antonio, TX$57,690
Greensboro, NC$57,690
Savannah, GA$57,590
Muskegon, MI$57,590
Birmingham, AL$57,590
Winston Salem, NC$57,490
Anderson, IN$57,390
Lexington, KY$57,390
Lake Charles, LA$57,390
Lima, OH$57,290
Wichita, KS$57,290
Augusta, GA$57,290
Greenville, SC$57,290
Tuscaloosa, AL$57,290
Springfield, OH$57,190
Columbia, SC$57,190
Asheville, NC$57,090
Bloomington, IN$57,090
Knoxville, TN$56,790
Shreveport, LA$56,790
Wilmington, NC$56,790
Roanoke, VA$56,790
Melbourne, FL$56,590
Longview, TX$56,590
Chillicothe, OH$56,590
Oklahoma City, OK$56,590
Frankfort, KY$56,590
Topeka, KS$56,590
Sioux Falls, SD$56,490
Mobile, AL$56,490
Terre Haute, IN$56,390
Altoona, PA$56,390
Amarillo, TX$56,390
Chattanooga, TN$56,290
Fayetteville, AR$56,290
Killeen, TX$56,290
Sioux City, IA$56,190
Idaho Falls, ID$56,190
Lynchburg, VA$56,090
Gainesville, FL$56,090
Clarksville, TN$55,990
Youngstown, OH$55,990
Daytona Beach, FL$55,990
Little Rock, AR$55,990
Portsmouth, OH$55,990
Lafayette, LA$55,990
Pensacola, FL$55,890
Temple, TX$55,890
Hopkinsville, KY$55,790
Erie, PA$55,790
Florence, SC$55,690
Charleston, WV$55,590
Great Falls, MT$55,590
Waco, TX$55,490
Tallahassee, FL$55,490
Macon, GA$55,490
Fayetteville, NC$55,490
Helena, MT$55,390
Pine Bluff, AR$55,390
Vincennes, IN$55,290
Lubbock, TX$55,290
Alamogordo, NM$55,290
Twin Falls, ID$55,190
Rapid City, SD$55,190
Greenville, MS$55,090
Huntington, WV$55,090
Jackson, MS$55,090
Parkersburg, WV$54,990
Montgomery, AL$54,990
Wichita Falls, TX$54,890
Springfield, MO$54,890
Biloxi, MS$54,890
Monroe, LA$54,890
Columbus, GA$54,790
Sumter, SC$54,790
Johnstown, PA$54,790
Pascagoula, MS$54,690
Abilene, TX$54,690
Kingsport, TN$54,490
Albany, GA$54,490
Gulfport, MS$54,490
Alexandria, LA$54,290
Fort Smith, AR$54,090
El Paso, TX$53,990
Las Cruces, NM$53,690
Harlingen, TX$53,490
Pocatello, ID$53,490
Florence, AL$53,390
Brownsville, TX$53,390
Mcallen, TX$53,290
Dothan, AL$53,190
Columbus, MS$52,790
Altus, OK$52,490
Lawton, OK$52,390
Pierre, SD$52,190
What Skills Can Increase a Business Loan Processor III's Salary?
Demanded Skills for the Role:
Customer Service (Mentioned in 6.75% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Loan Review (Mentioned in 1.9% Job Postings): Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.
Bank Secrecy Act (Mentioned in 1.23% Job Postings): The Currency and Foreign Transactions Reporting Act of 1970—which legislative framework is commonly referred to as the "Bank Secrecy Act" (BSA)—requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering.
Mastering certain specialized skills can lead to a significant increase in pay.
Here are examples of skills and the potential impact they can have on a Business Loan Processor III's salary.
Credit Risk: Can increase your salary by up to 39%.
Lending Products: Can increase your salary by up to 31%.
Coordination: Can increase your salary by up to 28%.
Business Loan Processor III Salary by Company Size: Startups vs. Enterprise
Business Loan Processor III salary potential scales significantly with company size.
Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $66,782.
While startup companies pay approximate $56,567.
Business Loan Processor III Salary by Company Size
Company Size
Employees
Average Salary
Startup
1~50
$56,567
Growth Stage
51~500
$59,821
Established
501~5000
$64,498
Enterprise
5000+
$66,782
Business Loan Processor III Salary by Industry: Top Paying Sectors
For Business Loan Processor III roles, the industry you choose can affect earning potential
by as much as 50% (the gap between the highest and lowest paying industries).
Data shows that the Financial Services and Insurance
sectors offer the strongest compensation, at 30% above the average.
In contrast, Business Loan Processor positions in Edu., Gov't. & Nonprofit or Business Services typically offer lower base pay,
as these industries often view Business Loan Processor III as a support function rather than a direct revenue driver.
The top paying industry for a Business Loan Processor III
Industry Sector
Average Annual Salary
Average Hourly Rate
Pay vs.Avg
Financial Services
$80,587
$39.0
30%
Business Loan Processor III Salary: Hourly Rate, Weekly Pay, and Monthly Pay
Understanding how a Business Loan Processor III's annual salary breaks down can help with budgeting.
Below, you can see the average hourly rate, weekly pay, and monthly pay for this role.
Use the buttons to switch between different pay periods.
Hourly
Monthly
Weekly
Yearly
Table View
Last Updated on September 01, 2026
$57,790
Average$61,990/year
$67,090
$4,816
Average$5,166/month
$5,591
$1,111
Average$1,192/week
$1,290
$28
Average$30/hour
$32
Annual Salary
Monthly Pay
Weekly Pay
Hourly Wage
75th Percentile
$67,090
$5,591
$1,290
$32
Average
$61,990
$5,166
$1,192
$30
25th Percentile
$57,790
$4,816
$1,111
$28
Business Loan Processor III Salary Growth & Career Path
Promotions are the fastest way to increase your earnings.
As a Business Loan Processor III, you have the following paths for advancement.
The table below compares the salary raises for common next-step roles.
By comparing these figures, you can choose the career path that best meets your financial goals.
Business Loan Processor III Salary Growth and Career Path
Next Step Role
Estimate Salary
Projected Raise
Loan Closing Supervisor
$69,500
12%
Consumer Loan Processing Supervisor
$64,090
3%
Salaries of Jobs related to Business Loan Processor III
Salaries for a Business Loan Processor III can change over time,
reflecting shifts in market demand and the overall economy.
The median salary decreased from $50,760 in 2023
to around $50,294 in 2025,
reflecting changes in demand, location, experience, and the wider economy.
For a detailed analysis of Business Loan Processor III salary trends,
.
Average Annual Salary of Business Loan Processor III Over Time
$???
$50,760
$50,555
$50,294
$???
$???
2022
2023
2024
2025
2026
2027
Year
Average Annual Salary
2022
View More
2023
$50,760
2024
$50,555
2025
$50,294
2026
View More
2027
View More
Most common benefits for Business Loan Processor III
Social Security
401 (k)
Disability
Healthcare
Pension
Time Off (days)
Common company salaries for Business Loan Processor III
Here are companies hiring for Business Loan Processor III and their salaries, click below for more details.
K$114,295/per year
Kpmg Us LLPBusiness Servicesthe United States
W$114,096/per year
Warner Bros DiscoveryBusiness Servicesthe United States
D$111,927/per year
Dentsu International LtdBusiness Servicesthe United States
G$111,873/per year
GroupM Worldwide IncBusiness Servicesthe United States
C$111,651/per year
CoWorx StaffingBusiness Servicesthe United States
C$110,194/per year
Contemporary Services CorpBusiness Servicesthe United States
S$107,128/per year
Showcase CinemasBusiness Servicesthe United States
A$106,429/per year
Amentum Services IncBusiness Servicesthe United States
A$106,199/per year
Allied Universal Security Services LLCBusiness Servicesthe United States
S$106,104/per year
Sodexo USABusiness Servicesthe United States
J$105,192/per year
JLL TechnologiesBusiness Servicesthe United States
I$104,478/per year
Intact Insurance Group USA LLCBusiness Servicesthe United States
N$101,619/per year
NielsenIQBusiness Servicesthe United States
T$101,470/per year
The Leading Edge AllianceBusiness Servicesthe United States
H$101,308/per year
Honeywell UOPBusiness Servicesthe United States
R$97,720/per year
Reeve & AssociatesBusiness Servicesthe United States
M$97,584/per year
ManpowerGroup Global IncBusiness Servicesthe United States
F$95,980/per year
Financial Sys NcoBusiness Servicesthe United States
A$95,314/per year
Arrow Global LtdBusiness Servicesthe United States
C$94,777/per year
CarMax Enterprise Services LLCBusiness Servicesthe United States
D$94,479/per year
DZConneXBusiness Servicesthe United States
A$93,802/per year
Adecco Staffing, USABusiness Servicesthe United States
R$92,937/per year
Resource MFGBusiness Servicesthe United States
Z$92,774/per year
Zachry Brands IncBusiness Servicesthe United States
G$88,138/per year
Greystar Worldwide LLCBusiness Servicesthe United States
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FAQ about Business Loan Processor III
1. What industry pays the highest salary for Business Loan Processor III?
The Financial Services industry offers the highest average compensation for Business Loan Processor III roles,
with salaries approximately 30% above the market median.
Where Does Our Salary Data Come From?
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
