How Much Does a Business Loan Officer Make in North Dakota?

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

Normal Confidence
$93,443/yr
Average Base Pay
Low $76,873
Average $93,443
High $108,771
The average salary for Business Loan Officer is $93,443 per year in North Dakota.

Related Job Titles to Business Loan Officer

Small Business Loan Officer
$64,204
North Dakota
Per Year
SBA Loan Officer
$102,405
North Dakota
Per Year
Loan Officer I
$54,660
North Dakota
Per Year
Commercial Loan Officer V
$164,664
North Dakota
Per Year

Similar Job Salaries to Business Loan Officer by Company

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Company average base salary in (usd) range
Benchmark Mortgage
Loan Officer
$70,890/yr
$57,705
$84,075
RANGE: $57,705 - $84,075
$101,625/yr
$84,781
$118,469
RANGE: $84,781 - $118,469
STOCK GROWERS BANK
Loan Officer
$100,037/yr
$83,457
$116,618
RANGE: $83,457 - $116,618
The Union Bank
Loan Officer
$103,636/yr
$86,459
$120,813
RANGE: $86,459 - $120,813
Opportunities
Business Loan Servicing Specialist
$41,742/yr
$35,982
$47,502
RANGE: $35,982 - $47,502
Choice Bank
Business Loan Servicing Specialist
$42,382/yr
$36,534
$48,230
RANGE: $36,534 - $48,230
Bell Bank
Loan Business Analyst
$59,451/yr
$52,132
$66,769
RANGE: $52,132 - $66,769
Dakota Legacy Advisors
Agriculture / Commercial Loan Officer
$91,196/yr
$75,412
$106,981
RANGE: $75,412 - $106,981
First Community Credit Union
Ag/Commercial Loan Officer
$94,742/yr
$77,296
$112,187
RANGE: $77,296 - $112,187

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Top 10 Highest Paying Cities For Business Loan Officer Jobs in North Dakota

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 North Dakota. 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 North Dakota. Bismarck takes first place in this list, followed by Mandan, Minot. The Business Loan Officer salary is $93,820 in Bismarck, which is lower than the national average. There is 0 city's Business Loan Officer salary higher than national average in North Dakota.
The average salary for a Business Loan Officer in North Dakota is $93,443, but we found that the city with the highest salary for Business Loan Officer jobs is Bismarck, ND, and it is higher than Mandan. Business Loan Officer jobs in Bismarck can have the opportunity to earn higher salaries than in other cities in North Dakota.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Bismarck $93,820 $7,818 $1,804 $45
Mandan $93,820 $7,818 $1,804 $45
Minot $92,405 $7,700 $1,777 $44
Williston $92,405 $7,700 $1,777 $44
Dickinson $92,405 $7,700 $1,777 $44
Fargo $90,611 $7,551 $1,743 $44
West Fargo $90,611 $7,551 $1,743 $44
Grand Forks $88,724 $7,394 $1,706 $43

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 North Dakota?

The Business Loan Officer salary range is from $76,873 to $108,771, and the average Business Loan Officer salary is $93,443/year in North Dakota. 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 $118,455 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.