Business Loan Officer Salaries in the United States
How Much Does a Business Loan Officer Make?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Business Loan Officer in the United States is $95,255.
While Salary.com is seeing that Business Loan Officer salary in the US can go up to $123,486
or down to $65,101, but most earn between $79,471 and $110,032.
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 Loan Officer
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Similar Job Salaries to Business Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Oxford Bank
Business Banking Loan Officer
|
$98,044/yr
|
RANGE: $87,893 - $108,196
|
|
Merck Sharp & Dohme FCU
Business Loan Officer
|
$148,710/yr
|
RANGE: $132,419 - $165,001
|
|
Chicanos Por La Causa
Business Development Loan Officer
|
$99,446/yr
|
RANGE: $88,546 - $110,345
|
|
GESA CREDIT UNION
Home Loan Officer - Business Development
|
$90,029/yr
|
RANGE: $80,155 - $99,903
|
|
Sunmark Credit Union
Business Loan Officer (Commercial Lending)
|
$74,124/yr
|
RANGE: $65,515 - $82,733
|
|
CrossState Credit Union Association
Business Loan Officer – Merck Sharp & Dohme FCU
|
$122,614/yr
|
RANGE: $108,780 - $136,447
|
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
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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 $79,471 to $110,032, and the average Business Loan Officer salary is $95,255/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 $120,145
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.
$46
Hourly
A Business Loan Officer in Sterling Heights, MI reported making $46 per hour
Sterling Heights, MI
3,000 - 7,6 employees
Part-Time
Company - Public
$104,135
Yearly
A Business Loan Officer in Auburn, AL reported making $104,135 per year
Auburn, AL
6 - 1,000 employees
Full-Time
Company - Private
$126,544
Yearly
A Business Loan Officer in Orlando, FL reported making $126,544 per year
Orlando, FL
200 - 6 employees
Full-Time
Company - Private
$9,602
Monthly
A Business Loan Officer in Cedar Rapids, IA reported making $9,602 per month
Cedar Rapids, IA
1,000 - 3,000 employees
Full-Time
Company - Public
$86,267
Yearly
A Business Loan Officer in Wayne, NJ reported making $86,267 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
