As of December 01, 2024, the average annual pay of SBA Loan Officer in Towson, MD is $108,032. While Salary.com is seeing that the highest pay for SBA Loan Officer in Towson, MD can go up to $139,964 and the lowest down to $86,049, but most earn between $96,525 and $124,746. 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 $103,789. With less than 2 years of experience, a mid-level SBA Loan Officer makes around $104,131. After 2-4 years, the SBA Loan Officer pay rises to about $106,356. Those senior SBA Loan Officer with 5-8 years of experience earn roughly $113,759, and those SBA Loan Officer having 8 years or more experience are expected to earn about $116,241 on average.
| Levels | Salary |
|---|---|
| Entry Level SBA Loan Officer | $103,789 |
| Intermediate Level SBA Loan Officer | $104,131 |
| Senior Level SBA Loan Officer | $106,356 |
| Specialist Level SBA Loan Officer | $113,759 |
| Expert Level SBA Loan Officer | $116,241 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 1% |
| Top Level | 8% |
| 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
|
$125,317 |
16%
|
|
Regulatory Compliance
|
$120,996 |
12%
|
|
Credit Risk
|
$119,916 |
11%
|
|
Coaching
|
$118,835 |
10%
|
|
Accountability
|
$117,755 |
9%
|
|
Integrity
|
$116,675 |
8%
|
