As of December 01, 2024, the average annual pay of SBA Loan Officer in Evanston, IL is $110,239. While Salary.com is seeing that the highest pay for SBA Loan Officer in Evanston, IL can go up to $142,823 and the lowest down to $87,807, but most earn between $98,497 and $127,295. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of SBA Loan Officer in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $121,349 | $10,112 | $2,334 | $58 |
| Average | $105,090 | $8,757 | $2,021 | $51 |
| 25th Percentile | $93,896 | $7,825 | $1,806 | $45 |
An entry-level SBA Loan Officer with under 1 year experience makes about $105,909. With less than 2 years of experience, a mid-level SBA Loan Officer makes around $106,258. After 2-4 years, the SBA Loan Officer pay rises to about $108,528. Those senior SBA Loan Officer with 5-8 years of experience earn roughly $116,083, and those SBA Loan Officer having 8 years or more experience are expected to earn about $118,616 on average.
| Levels | Salary |
|---|---|
| Entry Level SBA Loan Officer | $105,909 |
| Intermediate Level SBA Loan Officer | $106,258 |
| Senior Level SBA Loan Officer | $108,528 |
| Specialist Level SBA Loan Officer | $116,083 |
| Expert Level SBA Loan Officer | $118,616 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 10% |
| Experienced | 13% |
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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
|
$127,877 |
16%
|
|
Regulatory Compliance
|
$123,468 |
12%
|
|
Credit Risk
|
$122,365 |
11%
|
|
Coaching
|
$121,263 |
10%
|
|
Accountability
|
$120,161 |
9%
|
|
Integrity
|
$119,058 |
8%
|
