How Much Does a Business Lender Make in Michigan?

Updated April 24, 2024
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Individually reported data submitted by users of our website

Low Confidence
$96,674/yr
Average Base Pay
Low $80,355
Average $96,674
High $109,609
The average salary for Business Lender is $96,674 per year in Michigan.

Related Job Titles to Business Lender

Small Business Lender
$41,957
Michigan
Per Year
Lender
$57,164
Michigan
Per Year
Commercial Lender
$51,826
Michigan
Per Year
Consumer Lender
$76,443
Michigan
Per Year

Similar Job Salaries to Business Lender by Company

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Company average base salary in (usd) range
$38,969/yr
$34,937
$43,001
RANGE: $34,937 - $43,001
County National Bank
Commercial Lender
$83,718/yr
$75,202
$92,233
RANGE: $75,202 - $92,233
Mercantile Bank
Mortgage Lender - Michigan
$72,884/yr
$59,328
$86,439
RANGE: $59,328 - $86,439
Charter Communications
Business to Business Sales
$115,549/yr
$94,152
$136,946
RANGE: $94,152 - $136,946
Charter Communications
Business to Business Sales Representative
$124,332/yr
$101,552
$147,113
RANGE: $101,552 - $147,113
Maurer's Textile Rental Services
Sales Representative - Business to Business
$120,919/yr
$98,221
$143,617
RANGE: $98,221 - $143,617
Donn Palms
Business to Business Sales Representative
$99,056/yr
$83,567
$114,545
RANGE: $83,567 - $114,545
Bloom Industries, LLC
Summer Business to Business Sales
$95,014/yr
$76,555
$113,473
RANGE: $76,555 - $113,473
Pyrovio
Business Analyst
$104,843/yr
$93,636
$116,051
RANGE: $93,636 - $116,051

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Top 10 Highest Paying Cities For Business Lender Jobs in Michigan

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 Michigan. 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 Michigan. Ann Arbor takes first place in this list, followed by Canton, Novi. The Business Lender salary is $100,494 in Ann Arbor, which is higher than the national average. There are 18 cities' Business Lender salary higher than national average in Michigan.
The average salary for a Business Lender in Michigan is $96,674, but we found that the city with the highest salary for Business Lender jobs is Ann Arbor, MI, and it is higher than Canton. Business Lender jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Ann Arbor $100,494 $8,374 $1,933 $48
Canton $100,298 $8,358 $1,929 $48
Novi $100,004 $8,334 $1,923 $48
Westland $99,220 $8,268 $1,908 $48
West Bloomfield $98,829 $8,236 $1,901 $48
Detroit $98,731 $8,228 $1,899 $47
Warren $98,731 $8,228 $1,899 $47
Dearborn $98,731 $8,228 $1,899 $47
Waterford $98,731 $8,228 $1,899 $47
Dearborn Heights $98,633 $8,219 $1,897 $47

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

Frequently Asked Questions About a Business Lender Salaries

What is the average of a Business Lender in Michigan?

The Business Lender salary range is from $80,355 to $109,609, and the average Business Lender salary is $96,674/year in Michigan. 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 $122,924 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.