As of March 01, 2025, the average annual salary for a Small Business Administration Loan Officer II in Sioux Falls, SD is $96,080. Salary.com reports that pay typically ranges from $85,840 to $110,930, with most professionals earning between $76,517 and $124,450.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $110,930 | $9,244 | $2,133 | $53 |
| Average | $96,080 | $8,007 | $1,848 | $46 |
| 25th Percentile | $85,840 | $7,153 | $1,651 | $41 |
An entry-level Small Business Administration Loan Officer II with under 1 year experience makes about $91,680. With less than 2 years of experience, a mid-level Small Business Administration Loan Officer II makes around $91,982. After 2-4 years, the Small Business Administration Loan Officer II pay rises to about $93,946. Those senior Small Business Administration Loan Officer II with 5-8 years of experience earn roughly $100,486, and those Small Business Administration Loan Officer II having 8 years or more experience are expected to earn about $102,679 on average.
| Levels | Salary |
|---|---|
| Entry Level Small Business Administration Loan Officer II | $91,680 |
| Intermediate Level Small Business Administration Loan Officer II | $91,982 |
| Senior Level Small Business Administration Loan Officer II | $93,946 |
| Specialist Level Small Business Administration Loan Officer II | $100,486 |
| Expert Level Small Business Administration Loan Officer II | $102,679 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 7% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Communicates Effectively: Effective communication is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose.
Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
| Skill | Salary | Demand |
|---|---|---|
|
Coordination
|
$111,453 |
16%
|
|
Regulatory Compliance
|
$107,610 |
12%
|
|
Credit Risk
|
$106,649 |
11%
|
|
Coaching
|
$105,688 |
10%
|
|
Accountability
|
$104,727 |
9%
|
|
Integrity
|
$103,766 |
8%
|
