As of March 01, 2025, the average annual salary for a SBA Loan Officer in South Dakota is $95,119. According to Salary.com, salaries can range from a low of $75,749 to a high of $123,217, with most professionals earning between $84,980 and $109,827.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $122,165 | $10,180 | $2,349 | $59 |
| Average | $105,805 | $8,817 | $2,035 | $51 |
| 25th Percentile | $94,527 | $7,877 | $1,818 | $45 |
An entry-level SBA Loan Officer with under 1 year experience makes about $90,765. With less than 2 years of experience, a mid-level SBA Loan Officer makes around $91,064. After 2-4 years, the SBA Loan Officer pay rises to about $93,009. Those senior SBA Loan Officer with 5-8 years of experience earn roughly $99,484, and those SBA Loan Officer having 8 years or more experience are expected to earn about $101,655 on average.
| Levels | Salary |
|---|---|
| Entry Level SBA Loan Officer | $90,765 |
| Intermediate Level SBA Loan Officer | $91,064 |
| Senior Level SBA Loan Officer | $93,009 |
| Specialist Level SBA Loan Officer | $99,484 |
| Expert Level SBA Loan Officer | $101,655 |
| Entry Level | 14% |
| Mid Level | 14% |
| Senior Level | 12% |
| Top Level | 6% |
| Experienced | 4% |
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SBA Loan Officer salary varies from city to city. Compared with national average salary of SBA Loan Officer, the highest SBA Loan Officer salary is in San Francisco, CA, where the SBA Loan Officer salary is 25.0% above. The lowest SBA Loan Officer salary is in Miami, FL, where the SBA Loan Officer salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $132,256 |
25.0%
|
| Washington, DC | $117,761 |
11.3%
|
| Miami, FL | $102,102 |
|
| Chicago, IL | $110,990 |
4.9%
|
| Boston, MA | $118,608 |
12.1%
|
| New York, NY | $123,580 |
16.8%
|
