How Much Does a Business Loan Officer Make in Bangor, ME?

Updated March 01, 2025
As of March 01, 2025, the average annual pay of Business Loan Officer in Bangor, ME is $91,130. While Salary.com is seeing that Business Loan Officer salary in Bangor, ME can go up to $118,173 or down to $62,277, but most earn between $76,027 and $105,285. 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
Small Business Loan Officer
$64,055
Bangor, ME
Per Year
SBA Loan Officer
$101,361
Bangor, ME
Per Year
Commercial Loan Officer V
$163,417
Bangor, ME
Per Year
Loan Officer I
$50,330
Bangor, ME
Per Year
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Similar Job Salaries to Business Loan Officer by Company

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Company average base salary in (usd) range
US Mortgage Corporation
Mortgage Loan Originator (Loan Officer)
$94,792/yr
$75,561
$114,024
RANGE: $75,561 - $114,024
MaineHousing
Multifamily Loan Officer
$0/yr
$0
$0
RANGE: $0 - $0
Mortgage Equity Partners
Mortgage Loan Officer
$97,351/yr
$77,601
$117,102
RANGE: $77,601 - $117,102
$94,300/yr
$75,168
$113,432
RANGE: $75,168 - $113,432
1st Community Federal Credit Union
Business Loan Officer
$104,760/yr
$87,087
$122,434
RANGE: $87,087 - $122,434
gpac
Business Loan Officer
$114,847/yr
$93,556
$136,138
RANGE: $93,556 - $136,138
Marquee Staffing
Business Services Officer-Loan Servicing
$125,016/yr
$100,146
$149,887
RANGE: $100,146 - $149,887
Get It - Real Estate
Remote Loan Officer - Commercial/Business Purpose | WFH
$91,680/yr
$72,147
$111,213
RANGE: $72,147 - $111,213
Get It - Real Estate
Remote Loan Officer - Business Purpose / Commercial | WFH
$91,680/yr
$72,147
$111,213
RANGE: $72,147 - $111,213
Global Technical Talent, an Inc. 5000 Company
Loan Operations Representative
$71,269/yr
$60,550
$81,988
RANGE: $60,550 - $81,988

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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

Frequently Asked Questions About a Business Loan Officer Salaries

What is the average of a Business Loan Officer in Bangor, ME?

The Business Loan Officer salary range is from $76,027 to $105,285, and the average Business Loan Officer salary is $91,130/year in Bangor, ME. 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 $119,382 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.