1ST FINANCIAL BANK USA SBA Loan Officer Salary in the United States

How much does an SBA Loan Officer make at companies like 1ST FINANCIAL BANK USA in the United States? The average salary for SBA Loan Officer at companies like 1ST FINANCIAL BANK USA in the United States is $70,930 as of April 24, 2024, but the range typically falls between $62,366 and $79,493. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities


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What does an SBA Loan Officer do at companies like 1ST FINANCIAL BANK USA?


Title:  SBA Loan Officer

Job Overview: 

1st Financial Bank USA (“1FBUSA”), a full-service community bank located in South Dakota, and its wholly-owned subsidiary, Builder Finance Inc. (“BFI”), a lender serving home builders and rental property investors from coast-to-coast, is looking to hire a motivated commercial lender to help build and expand the Bank’s existing credit offerings through his or her knowledge of the U.S. Small Business Administration (“SBA”) loan guaranty programs.  The ideal candidate will have knowledge in all facets of the SBA loan guaranty programs, including, originating, underwriting, packaging, closing, and servicing of the loans.  A successful hire will be an individual who identifies as a self-starter with a drive to succeed. 

The SBA Loan Officer will work with management to expand its portfolio of quality loans to existing and new customers through the utilization of SBA’s 7(a) loan programs.  Through collaboration with the other lending teams at the Bank, this role will be integral in the creation and implementation of policies and processes surrounding the delivery of government guaranty lending program offerings to the Bank’s customers. Existing lending teams will work closely with the SBA Loan Officer to facilitate successful loan closings.  The Bank intends to continue growing the SBA lending team as the portfolio grows, allowing the SBA Loan Officer to prioritize originations.


Applicants must have experience with SBA lending and a thorough understanding of the SBA’s Standard Operating Procedures (“SOP”). The ideal candidate will demonstrate the ability to work well within a small, collegial team. Preferred additional qualities include entrepreneurial ambition, self-reliant work ethic, adaptable, great attention to detail, and a “commercial” disposition.  

Essential Job Functions: 


  • Responsible for ensuring that the Bank remains in compliance with the SBA’s SOP as well as internal lending policies and procedures.
  • Responsible for document requests from, and interviews with, prospective borrowers 
  • Analyze financial statements, perform cash flow analysis, review other business and      industry data, review collateral availability, and review strength and experience of guarantors in order to determine credit worthiness and SBA eligibility
  • Responsible for compiling the loan request, identifying strengths and weaknesses   of credit, and presenting the loan request to the credit committee. 
  • Responsible for the ordering of 3rd party reports
  • Perform appropriate UCC searches to ensure priority lien


  • Preparation and execution of all relevant SBA documents
  • Uploading and submission of the completed application documents to the SBA
  • Addressing any and all SBA concerns or questions on submitted files
  • Responsibility adhering to conditions in the SBA Authorization

 Closing and Servicing:

  • Coordination with 3rd party vendors on the preparation of the appropriate closing documents
  • Coordination with borrower on closing
  • Ensuring the recording/perfection of relevant liens
  • Managing 1502 Reporting Requirements
  • Set up and maintain tickler to ensure ongoing loan conditions are adhered to, including; relevant inspections and draws, ensuring appropriate insurances are maintained, annual collection and review of financials, loan modifications, and Colson Reporting

Compensation is generous and commensurate with experience.

Experience: At least 3 years doing SBA lending

Education:  Bachelor’s degree with a preferred 3.5 GPA or better


We provide a highly competitive and comprehensive compensation and benefits program including affordable medical/dental/vision insurance, generous paid leave program, 401(k), health savings account, tuition reimbursement, financial childcare assistance and much more!

1st Financial Bank USA is an EO employer - M / F / Vets / Disabled. 


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$62,366 Low Average $70,930 High $79,493

Understand the total compensation opportunity for SBA Loan Officer at companies like 1ST FINANCIAL BANK USA, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

The chart shows total cash compensation for the 1ST FINANCIAL BANK USA SBA Loan Officer in the United States, which includes base, and annual incentives can vary anywhere from $62,366 to $79,493 with an average total cash compensation of $70,930. Total compensation includes the value of any benefits received in addition to your salary and some of the benefits that are most commonly provided within a total compensation package including bonuses, commissions, paid time off, and Insurance. The total cash compensation may get paid differently by industry, location, and other factors.
Job Openings for 1ST FINANCIAL BANK USA SBA Loan Officer

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