Business Loan Officer Salaries in the United States
How Much Does a Business Loan Officer Make?
Updated March 26, 2024
Filter
SELECT STATE
Select State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
SELECT STATE
Select State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
SELECT CITY
SELECT CITY
Individually reported data submitted by users of our website
Normal Confidence
$94,134/yr
Average Base Pay
Low $77,445
Average $94,134
High $109,579
The average salary for Business Loan Officer is $94,134 per year in the United States.
Related Job Titles to Business Loan Officer
Similar Job Salaries to Business Loan Officer by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
THE BANK OF COMMERCE
Loan Officer
|
$82,047/yr
|
RANGE: $67,942 - $96,152
|
|
FIRST BANK & TRUST
Loan Officer
|
$58,287/yr
|
RANGE: $49,450 - $67,124
|
|
Vision Mortgage Group
Loan Officer
|
$80,331/yr
|
RANGE: $65,915 - $94,747
|
|
Right Start Mortgage
Loan Officer
|
$78,610/yr
|
RANGE: $65,438 - $91,783
|
|
Draper & Kramer Mortgage Corp.
Loan Officer
|
$111,187/yr
|
RANGE: $86,482 - $135,891
|
|
Lennar Homes
Loan Officer
|
$71,589/yr
|
RANGE: $58,272 - $84,906
|
|
Farm Credit Southeast Missouri
Loan Officer
|
$61,619/yr
|
RANGE: $50,706 - $72,532
|
|
State Street
Loan officer
|
$108,135/yr
|
RANGE: $90,245 - $126,024
|
|
Farm Credit Council
Loan officer
|
$89,197/yr
|
RANGE: $73,863 - $104,531
|
|
AgSouth Farm Credit
Loan Officer
|
$69,527/yr
|
RANGE: $56,594 - $82,460
|
What Does a Business Loan Officer Do?
– while commercial loan officers make their decisions based on what they see on paper, customer service is still a big part of the job because they often meet with applicants face to face.
Updated December 20, 2021
Commercial loan officers work in credit unions, commercial banks, mortgage companies, and financial institutions of all types.
Updated December 16, 2021
Commercial loan officers receive health insurance and other job perks, including profit-sharing and bonuses for completing successful loans.
Updated December 15, 2021
In fact, one reason why banks continue to have so many branch offices is that they need to bring loan officers face to face with potential borrowers.
Updated December 11, 2021
A first-class commercial loan officer will be someone who can combine sound judgment with professional expertise in processing commercial loan applications.
Updated December 10, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Business Loan Officer Salaries
What is the average of a Business Loan Officer in the United States?
The Business Loan Officer salary range is from $77,445 to $109,579, and the average Business Loan Officer salary is $94,134/year in the United States.
The Business Loan Officer's salary will change in different locations.
Which location pays the highest Business Loan Officer salary in the United States?
The Business Loan Officer salary in San Jose, CA is $118,138
which is the highest in the US.
What kinds of reasons will influence the Business Loan Officer'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 Loan Officer.
What is the growth rate of the Business Loan Officer's salary?
If you are thinking of becoming a Business Loan Officer or planning the next step in your career, find the detailed salary report of a Business Loan Officer.
Recent Salary Report
Below are the most recent Business Loan Officer salary reports. Employer name has been removed to protect anonymity.
$45
Hourly
A Business Loan Officer in Sterling Heights, MI reported making $45 per hour
Sterling Heights, MI
3,000 - 7,6 employees
Part-Time
Company - Public
$103,421
Yearly
A Business Loan Officer in Auburn, AL reported making $103,421 per year
Auburn, AL
6 - 1,000 employees
Full-Time
Company - Private
$126,820
Yearly
A Business Loan Officer in Orlando, FL reported making $126,820 per year
Orlando, FL
200 - 6 employees
Full-Time
Company - Private
$9,583
Monthly
A Business Loan Officer in Cedar Rapids, IA reported making $9,583 per month
Cedar Rapids, IA
1,000 - 3,000 employees
Full-Time
Company - Public
$84,631
Yearly
A Business Loan Officer in Wayne, NJ reported making $84,631 per year
Wayne, NJ
100 - 200 employees
Full-Time
Company - Private
$46
Hourly
A Business Loan Officer in Clifton, NJ reported making $46 per hour
Clifton, NJ
7,6 - 15,000 employees
Part-Time
Company - Public
