As of July 01, 2026, the average salary for a Commercial Lender in Michigan is $50,693 per year, which breaks down to an hourly rate of $24.
However, a Commercial Lender's salary can vary significantly. Here’s a look at the typical salary range:
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Commercial Lender Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $55,807 | $4,651 | $1,073 | $27 |
| Average | $50,693 | $4,224 | $975 | $24 |
| 25th Percentile | $46,842 | $3,904 | $901 | $23 |
Isabella Bank - Mount Pleasant, MI
Sturgis Bank & Trust Co - Portage, MI
Sturgis Bank & Trust Co - Sturgis, MI
Focus Staff - RAPID CITY, SD
A Commercial Lender's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Commercial Lender's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Commercial Lender | $48,152 |
| Intermediate Level Commercial Lender | $48,437 |
| Senior Level Commercial Lender | $50,843 |
| Specialist Level Commercial Lender | $54,228 |
| Expert Level Commercial Lender | $54,453 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Commercial Lenders. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Commercial Lender roles, the industry you choose can impact your earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 10% above the average. Conversely, Commercial Lender positions in Business Services typically offer lower base pay, as this sector often view Commercial Lender as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $55,762 | $27.0 | 10% |
| Edu., Gov't. & Nonprofit | $53,228 | $26.0 | 5% |
Understanding how a Commercial Lender's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $55,807 | $4,651 | $1,073 | $27 |
| Average | $50,693 | $4,224 | $975 | $24 |
| 25th Percentile | $46,842 | $3,904 | $901 | $23 |
Ready to take the next step in your career? Browse thousands of current Commercial Lender job openings on our job board. Use the search bar below to find your perfect match.
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