How much does a Commercial Loan Officer I make at companies like Block, Inc. in the United States? The average salary for Commercial Loan Officer I at companies like Block, Inc. in the United States is $93,268 as of December 27, 2022, but the range typically falls between $81,307 and $105,708. 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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Commercial Loan Officer I solicits and services a variety of smaller commercial loans. Interviews applicants and obtains information regarding earnings and financial condition to evaluate the applicant's creditworthiness. Being a Commercial Loan Officer I approves or denies loan within established limits, or refers loan to loan committee for approval. May assist more senior loan officers with larger or more complex loans. Additionally, Commercial Loan Officer I requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Commercial Loan Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Officer I typically requires 0-2 years of related experience. (Copyright 2023 Salary.com)
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