Business Lender Salaries in Illinois
How Much Does a Business Lender Make in Illinois?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Business Lender in Illinois is $100,795.
While Salary.com is seeing that Business Lender salary in IL can go up to $127,368
or down to $68,434, but most earn between $83,856 and $114,705.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Business Lender
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Similar Job Salaries to Business Lender by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Oklahoma's Credit Union
Business Lender
|
$114,825/yr
|
RANGE: $93,921 - $135,729
|
|
Goodwin Recruiting
Commercial Lender
|
$61,521/yr
|
RANGE: $52,861 - $70,180
|
|
State Street Bank
Commercial Lender
|
$82,191/yr
|
RANGE: $69,020 - $95,361
|
|
The Agency
Commercial Lender
|
$121,334/yr
|
RANGE: $99,387 - $143,280
|
|
Better Banks
Commercial Lender
|
$111,271/yr
|
RANGE: $91,144 - $131,397
|
|
Dieterich Bank
Commercial Lender
|
$90,979/yr
|
RANGE: $75,701 - $106,258
|
|
Newtown Savings Bank
Small Business Lender
|
$132,189/yr
|
RANGE: $108,786 - $155,591
|
|
ELGA Credit Union
Small Business Lender
|
$108,545/yr
|
RANGE: $87,089 - $130,001
|
|
gpac
Small Business Lender
|
$86,536/yr
|
RANGE: $71,007 - $102,066
|
Top 10 Highest Paying Cities For Business Lender Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Business Lender can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Business Lender job salaries in Illinois.
Some cities can pay higher salaries for Business Lender jobs, which can indicate that there is a large demand for Business Lender positions in this city.
The following table shows top 10 cities where the Business Lender salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Business Lender salary is $103,357 in Chicago,
which is higher than the national average. There are 20 cities' Business Lender salary higher than national average in Illinois.
The average salary for a Business Lender in Illinois is $100,795,
but we found that the city with the highest salary for Business Lender jobs is Chicago, IL, and it is higher than Cicero.
Business Lender jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $103,357 | $8,613 | $1,988 | $50 |
| Cicero | $103,357 | $8,613 | $1,988 | $50 |
| Evanston | $103,357 | $8,613 | $1,988 | $50 |
| Oak Park | $103,357 | $8,613 | $1,988 | $50 |
| Skokie | $103,357 | $8,613 | $1,988 | $50 |
| Oak Lawn | $103,259 | $8,605 | $1,986 | $50 |
| Des Plaines | $103,062 | $8,588 | $1,982 | $50 |
| Mount Prospect | $102,963 | $8,580 | $1,980 | $50 |
| Aurora | $102,470 | $8,539 | $1,971 | $49 |
| Hoffman Estates | $102,470 | $8,539 | $1,971 | $49 |
What Does a Business Lender Do?
Unlike many traditional lenders, National Funding provides customized financing solutions for your business.
Updated December 22, 2021
Small-business lenders can be traditional financial institutions — such as banks or credit unions — government agencies or other organizations like online fintech companies.
Updated December 17, 2021
Public and private financial institutions, government agencies and nonprofit organizations can all be small-business lenders.
Updated December 12, 2021
You’ll likely need strong credit, two or more years in business and solid revenue to qualify for a loan from one of these lenders.
Updated December 07, 2021
Banks and credit unions offer some of the most affordable small-business loans, but these lenders also have lengthy application processes and strict eligibility requirements.
Updated November 27, 2021
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Explore JobArchitectFrequently Asked Questions About a Business Lender Salaries
What is the average of a Business Lender in Illinois?
The Business Lender salary range is from $83,856 to $114,705, and the average Business Lender salary is $100,795/year in Illinois.
The Business Lender's salary will change in different locations.
Which location pays the highest Business Lender salary in the United States?
The Business Lender salary in San Jose, CA is $123,654
which is the highest in the US.
What kinds of reasons will influence the Business Lender's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Business Lender.
What is the growth rate of the Business Lender's salary?
If you are thinking of becoming a Business Lender or planning the next step in your career, find the detailed salary report of a Business Lender.
