Business Loan Officer Salaries in Ohio
How Much Does a Business Loan Officer Make in Ohio?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Business Loan Officer in Ohio is $92,750.
While Salary.com is seeing that Business Loan Officer salary in OH can go up to $120,238
or down to $63,389, but most earn between $77,381 and $107,138.
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 |
|---|---|---|
|
$95,950/yr
|
RANGE: $76,492 - $115,408
|
|
|
AMERICAN FINANCIAL NETWORK INC
Loan Officer
|
$95,891/yr
|
RANGE: $76,445 - $115,337
|
|
Jobot
Loan Officer
|
$95,930/yr
|
RANGE: $76,476 - $115,385
|
|
FAY Financial, LLC
Loan Officer
|
$95,733/yr
|
RANGE: $76,319 - $115,148
|
|
CrossCountry Mortgage, LLC
Loan Officer
|
$95,044/yr
|
RANGE: $75,769 - $114,318
|
|
NORTHWESTERN FEDERAL CREDIT UNION
Loan Officer
|
$91,319/yr
|
RANGE: $72,800 - $109,839
|
|
L.E.O. CREDIT UNION
LOAN OFFICER
|
$95,024/yr
|
RANGE: $75,753 - $114,294
|
|
Paramount Residential Mortgage Group
Loan Officer
|
$90,015/yr
|
RANGE: $74,790 - $105,239
|
|
Guardian Savings Bank
Loan Officer
|
$95,497/yr
|
RANGE: $76,130 - $114,863
|
Top 10 Highest Paying Cities For Business Loan Officer Jobs in Ohio
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 Ohio.
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 Ohio.
Cleveland takes first place in this list, followed by Lakewood, Columbus.
The Business Loan Officer salary is $92,769 in Cleveland,
which is lower than the national average. There is 0 city's Business Loan Officer salary higher than national average in Ohio.
The average salary for a Business Loan Officer in Ohio is $92,750,
but we found that the city with the highest salary for Business Loan Officer jobs is Cleveland, OH, and it is higher than Lakewood.
Business Loan Officer jobs in Cleveland can have the opportunity to earn higher salaries than in other cities in Ohio.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Cleveland | $92,769 | $7,731 | $1,784 | $45 |
| Lakewood | $92,769 | $7,731 | $1,784 | $45 |
| Columbus | $92,750 | $7,729 | $1,784 | $45 |
| Euclid | $92,693 | $7,724 | $1,783 | $45 |
| Cincinnati | $92,559 | $7,713 | $1,780 | $44 |
| Dayton | $92,188 | $7,682 | $1,773 | $44 |
| Hamilton | $92,178 | $7,682 | $1,773 | $44 |
| Newark | $92,178 | $7,682 | $1,773 | $44 |
| Lorain | $91,892 | $7,658 | $1,767 | $44 |
| Toledo | $91,854 | $7,655 | $1,766 | $44 |
What Does a Business Loan Officer Do?
Commercial loan officers work in credit unions, commercial banks, mortgage companies, and financial institutions of all types.
Updated December 16, 2021
The loan officer then passes the application along to the institution’s underwriter, who assesses the creditworthiness of the potential borrower.
Updated December 07, 2021
To ensure success as a commercial loan officer, you should possess solid knowledge of regulations governing loan applications and experience in a similar role.
Updated November 03, 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 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 Ohio?
The Business Loan Officer salary range is from $77,381 to $107,138, and the average Business Loan Officer salary is $92,750/year in Ohio.
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.
