Business Loan Officer Salaries in Rhode Island
How Much Does a Business Loan Officer Make in Rhode Island?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Business Loan Officer in Rhode Island is $98,760.
While Salary.com is seeing that Business Loan Officer salary in RI can go up to $128,030
or down to $67,496, but most earn between $82,396 and $114,081.
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 |
|---|---|---|
|
Jobot
Loan Officer
|
$110,244/yr
|
RANGE: $98,780 - $121,709
|
|
Beeline Loans
Loan Officer
|
$63,579/yr
|
RANGE: $57,342 - $69,816
|
|
Mutual of Omaha Mortgage
Retail Mortgage Loan Officer
|
$79,470/yr
|
RANGE: $71,414 - $87,526
|
|
Century 21 Limitless PRG
Senior Loan Officer
|
$91,024/yr
|
RANGE: $82,734 - $99,314
|
|
Primary Residential Branding
Loan Officer Exempt
|
$76,444/yr
|
RANGE: $68,357 - $84,531
|
|
Primary Residential Mortgage Inc
Loan Officer Exempt
|
$76,444/yr
|
RANGE: $68,357 - $84,531
|
|
Citizens
Virtual HM Consumer Direct Loan Officer
|
$64,607/yr
|
RANGE: $57,578 - $71,635
|
|
Citizens
Business Banking Commercial Operations Loan Closer II
|
$64,069/yr
|
RANGE: $57,157 - $70,980
|
|
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
|
Top 10 Highest Paying Cities For Business Loan Officer Jobs in Rhode Island
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 Rhode Island.
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 Rhode Island.
Westerly takes first place in this list, followed by Tiverton, Newport.
The Business Loan Officer salary is $100,818 in Westerly,
which is higher than the national average. There are 12 cities' Business Loan Officer salary higher than national average in Rhode Island.
The average salary for a Business Loan Officer in Rhode Island is $98,760,
but we found that the city with the highest salary for Business Loan Officer jobs is Westerly, RI, and it is higher than Tiverton.
Business Loan Officer jobs in Westerly can have the opportunity to earn higher salaries than in other cities in Rhode Island.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Westerly | $100,818 | $8,401 | $1,939 | $48 |
| Tiverton | $100,408 | $8,367 | $1,931 | $48 |
| Newport | $99,799 | $8,317 | $1,919 | $48 |
| Narragansett | $99,770 | $8,314 | $1,919 | $48 |
| Providence | $98,713 | $8,226 | $1,898 | $47 |
| Warwick | $98,713 | $8,226 | $1,898 | $47 |
| Cranston | $98,713 | $8,226 | $1,898 | $47 |
| Pawtucket | $98,713 | $8,226 | $1,898 | $47 |
| East Providence | $98,713 | $8,226 | $1,898 | $47 |
| Cumberland | $98,713 | $8,226 | $1,898 | $47 |
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 Rhode Island?
The Business Loan Officer salary range is from $82,396 to $114,081, and the average Business Loan Officer salary is $98,760/year in Rhode Island.
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.
