SBA Loan Officer Salary in Peoria, IL

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What is the salary range of a SBA Loan Officer?

As of August 01, 2025, the average annual salary for a SBA Loan Officer in Peoria, IL ranges from $97,304 (25th percentile) to $104,766 (75th percentile), with a median annual salary of $99,111 and an hourly rate of $48. A SBA Loan Officer's salary is shaped by several key factors, including experience level, specific skills, industry differences, company size, and more. Below, we'll explore how each of these influences compensation.

View as table View as graph 25% $97,304 10% $95,659 90% $109,915 75% $104,766 $99,111 50%(Median) Didn’t find job title? Click

SBA Loan Officer Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $104,766 $8,731 $2,015 $50
Average $99,111 $8,259 $1,906 $48
25th Percentile $97,304 $8,109 $1,871 $47
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Loan Officer

Caliver Beach Mortgage - Aurora, IL

Mortgage Loan Officer

Rate - Downers Grove, IL

Senior Loan Officer, Retail

AmeriHome Mortgage Company, LLC - Chicago, IL

Remote Construction Loan Officer - Nationwide

The Federal Savings Bank - Oak Park, IL

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How much does a SBA Loan Officer make by hour, week, month, and year?

Salary.com provides you with accurate and diversified SBA Loan Officer salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about SBA Loan Officer hourly pay, weekly pay, monthly pay and so on.

Last Updated on August 01, 2025

How does experience level affect a SBA Loan Officer's Salary?

An entry-level SBA Loan Officer with under 1 year experience makes about $98,518. With less than 2 years of experience, a mid-level SBA Loan Officer makes around $98,572. After 2-4 years, the SBA Loan Officer pay rises to about $98,922. Those senior SBA Loan Officer with 5-8 years of experience earn roughly $101,221, and those SBA Loan Officer having 8 years or more experience are expected to earn about $102,065 on average.

Levels Salary
Entry Level SBA Loan Officer $98,518
Intermediate Level SBA Loan Officer $98,572
Senior Level SBA Loan Officer $98,922
Specialist Level SBA Loan Officer $101,221
Expert Level SBA Loan Officer $102,065
$98,518 0 yr
$98,572 < 2 yrs
$98,922 2-4 yrs
$101,221 5-8 yrs
$102,065 > 8 yrs
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Best-Paid Skills and Qualifications for SBA Loan Officer

What skills does a SBA Loan Officer need?

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.

  1. 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.
  2. 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.
  3. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
See More Skills
Skills Demand Percentage
Communicates Effectively 6.64%
Economics 2.14%
Underwriting 1.66%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a SBA Loan Officer higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Coordination, you can get a 16% salary raise. If you are good at Regulatory Compliance, your salary will increase by 12%. If you are expert in Credit Risk, your salary will rise by 11%.
Skill Salary Salary % Increase
Coordination
$114,969
16%
Regulatory Compliance
$111,005
12%
Credit Risk
$110,013
11%
Coaching
$109,022
10%
Accountability
$108,031
9%
Integrity
$107,040
8%

Job openings of SBA Loan Officer

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Cost of Living In Peoria, IL

Cost of Living in Peoria, IL is
-3.1% Lower
than the National Average

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About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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