Business Loan Officer Salaries in Arkansas
How Much Does a Business Loan Officer Make in Arkansas?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Business Loan Officer in Arkansas is $86,053.
While Salary.com is seeing that Business Loan Officer salary in AR can go up to $111,557
or down to $58,812, but most earn between $71,794 and $99,403.
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 |
|---|---|---|
|
Mutual of Omaha Mortgage
Loan Officer
|
$50,148/yr
|
RANGE: $45,734 - $54,562
|
|
Lennar
Loan Officer Associate
|
$67,009/yr
|
RANGE: $59,921 - $74,098
|
|
Farm Credit Mid-America
Rural 1st Loan Officer
|
$71,295/yr
|
RANGE: $64,068 - $78,523
|
|
First Horizon Mortgage
Mortgage Loan Officer
|
$69,662/yr
|
RANGE: $62,600 - $76,724
|
|
Generations Bank
Commercial Loan Officer - Rogers, AR
|
$93,342/yr
|
RANGE: $81,656 - $105,027
|
|
Southern Bancorp
Consumer Loan Officer I - West Memphis, AR
|
$72,128/yr
|
RANGE: $64,640 - $79,616
|
|
Oxford Bank
Business Banking Loan Officer
|
$98,044/yr
|
RANGE: $87,893 - $108,196
|
|
Gershman Mortgage
Loan Officer Business Developer
|
$77,253/yr
|
RANGE: $69,115 - $85,391
|
|
First Bank
Loan and Business Development Officer
|
$86,491/yr
|
RANGE: $76,608 - $96,373
|
Top 10 Highest Paying Cities For Business Loan Officer Jobs in Arkansas
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Business Loan Officer 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 Loan Officer job salaries in Arkansas.
Some cities can pay higher salaries for Business Loan Officer jobs, which can indicate that there is a large demand for Business Loan Officer positions in this city.
The following table shows top 10 cities where the Business Loan Officer salary is higher than other cities in Arkansas.
Jonesboro takes first place in this list, followed by Texarkana, Fayetteville.
The Business Loan Officer salary is $88,558 in Jonesboro,
which is lower than the national average. There is 0 city's Business Loan Officer salary higher than national average in Arkansas.
The average salary for a Business Loan Officer in Arkansas is $86,053,
but we found that the city with the highest salary for Business Loan Officer jobs is Jonesboro, AR, and it is higher than Texarkana.
Business Loan Officer jobs in Jonesboro can have the opportunity to earn higher salaries than in other cities in Arkansas.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Jonesboro | $88,558 | $7,380 | $1,703 | $43 |
| Texarkana | $86,625 | $7,219 | $1,666 | $42 |
| Fayetteville | $86,530 | $7,211 | $1,664 | $42 |
| Springdale | $86,530 | $7,211 | $1,664 | $42 |
| Little Rock | $86,129 | $7,177 | $1,656 | $41 |
| Jacksonville | $86,015 | $7,168 | $1,654 | $41 |
| Rogers | $86,015 | $7,168 | $1,654 | $41 |
| Bentonville | $85,844 | $7,154 | $1,651 | $41 |
| Conway | $85,272 | $7,106 | $1,640 | $41 |
| Pine Bluff | $85,253 | $7,104 | $1,639 | $41 |
What Does a Business Loan Officer Do?
If the loan is approved, the loan officer is responsible for preparing the appropriate documentation and the loan closing documents.
Updated September 27, 2021
Commercial loan officers must carefully examine loan applications and verify financial information provided on the application to determine whether the business applying for the loan is capable of meeting monthly loan payments on time.
Updated September 24, 2021
– 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
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Explore JobArchitectFrequently Asked Questions About a Business Loan Officer Salaries
What is the average of a Business Loan Officer in Arkansas?
The Business Loan Officer salary range is from $71,794 to $99,403, and the average Business Loan Officer salary is $86,053/year in Arkansas.
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.
