Business Loan Officer Salaries in Portland, ME
How Much Does a Business Loan Officer Make in Portland, ME?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Business Loan Officer in Portland, ME is $95,884.
While Salary.com is seeing that Business Loan Officer salary in Portland, ME can go up to $124,301
or down to $65,530, but most earn between $79,996 and $110,758.
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 |
|---|---|---|
|
Lincoln Maine Federal Credit Union
Loan Officer
|
$93,388/yr
|
RANGE: $74,450 - $112,327
|
|
Builders Capital
Loan Officer - Hybrid
|
$90,129/yr
|
RANGE: $70,935 - $109,324
|
|
Auburn Savings Bank
Mortgage Loan Officer
|
$98,186/yr
|
RANGE: $78,275 - $118,098
|
|
Northpoint Mortgage
Mortgage Loan Officer
|
$146,558/yr
|
RANGE: $107,412 - $185,704
|
|
Maine State Housing Authority
Multifamily Loan Officer I
|
$85,075/yr
|
RANGE: $68,163 - $101,986
|
|
Maine Family FCU
Mortgage Originator and Business Loan Specialist
|
$98,186/yr
|
RANGE: $78,275 - $118,098
|
|
Merck Sharp & Dohme FCU
Business Loan Officer
|
$188,414/yr
|
RANGE: $155,955 - $220,873
|
|
Oxford Bank
Business Banking Loan Officer
|
$100,992/yr
|
RANGE: $81,750 - $120,234
|
|
Azura Credit Union
Business Loan Officer
|
$96,261/yr
|
RANGE: $76,904 - $115,618
|
|
Prudential Financial
Chief Growth Officer - Business Development
|
$267,674/yr
|
RANGE: $204,537 - $330,811
|
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 Portland, ME?
The Business Loan Officer salary range is from $79,996 to $110,758, and the average Business Loan Officer salary is $95,884/year in Portland, 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 $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.
