As of April 01, 2025, the average annual salary for a SBA Loan Officer in Palmer, AK is $108,985. According to Salary.com, salaries can range from a low of $84,291 to a high of $120,536, with most professionals earning between $96,059 and $115,031.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $106,294 | $8,858 | $2,044 | $51 |
| Average | $100,707 | $8,392 | $1,937 | $48 |
| 25th Percentile | $88,763 | $7,397 | $1,707 | $43 |
An entry-level SBA Loan Officer with under 1 year experience makes about $104,741. With less than 2 years of experience, a mid-level SBA Loan Officer makes around $105,127. After 2-4 years, the SBA Loan Officer pay rises to about $107,635. Those senior SBA Loan Officer with 5-8 years of experience earn roughly $111,241, and those SBA Loan Officer having 8 years or more experience are expected to earn about $112,144 on average.
| Levels | Salary |
|---|---|
| Entry Level SBA Loan Officer | $104,741 |
| Intermediate Level SBA Loan Officer | $105,127 |
| Senior Level SBA Loan Officer | $107,635 |
| Specialist Level SBA Loan Officer | $111,241 |
| Expert Level SBA Loan Officer | $112,144 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 7% |
| Top Level | 10% |
| Experienced | 11% |
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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
|
$126,423 |
16%
|
|
Regulatory Compliance
|
$122,063 |
12%
|
|
Credit Risk
|
$120,973 |
11%
|
|
Coaching
|
$119,884 |
10%
|
|
Accountability
|
$118,794 |
9%
|
|
Integrity
|
$117,704 |
8%
|
