Sba Loan Closer Salaries in Michigan
How Much Does a Sba Loan Closer Make in Michigan?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Sba Loan Closer in Michigan is $52,687.
While Salary.com is seeing that Sba Loan Closer salary in MI can go up to $63,542
or down to $39,851, but most earn between $45,968 and $58,369.
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 Sba Loan Closer
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Similar Job Salaries to Sba Loan Closer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Milestone Bank
Senior Loan Closer, SBA
|
$66,899/yr
|
RANGE: $57,504 - $76,293
|
|
The Goddard School
SBA Loan Closer
|
$203,972/yr
|
RANGE: $158,943 - $249,000
|
|
First Internet Bank
SBA Loan Closer I
|
$134,524/yr
|
RANGE: $99,657 - $169,392
|
|
Staff Financial Group
SBA Loan Processor/Closer.
|
$99,576/yr
|
RANGE: $76,765 - $122,387
|
|
Northeast Bank
National SBA 7a Loan Closer
|
$65,779/yr
|
RANGE: $58,194 - $73,364
|
|
Sistar Mortgage
Mortgage Loan Closer
|
$66,843/yr
|
RANGE: $59,136 - $74,551
|
|
Colliers
Agency Loan Closer
|
$64,383/yr
|
RANGE: $56,959 - $71,806
|
|
Michigan First
Mortgage Loan Closer
|
$66,910/yr
|
RANGE: $59,195 - $74,625
|
|
Vanderbilt Mortgage
Loan Closer
|
$48,689/yr
|
RANGE: $42,790 - $54,588
|
Top 10 Highest Paying Cities For Sba Loan Closer Jobs in Michigan
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Sba Loan Closer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Sba Loan Closer job salaries in Michigan.
Some cities can pay higher salaries for Sba Loan Closer jobs, which can indicate that there is a large demand for Sba Loan Closer positions in this city.
The following table shows top 10 cities where the Sba Loan Closer salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Sba Loan Closer salary is $54,769 in Ann Arbor,
which is higher than the national average. There are 18 cities' Sba Loan Closer salary higher than national average in Michigan.
The average salary for a Sba Loan Closer in Michigan is $52,687,
but we found that the city with the highest salary for Sba Loan Closer jobs is Ann Arbor, MI, and it is higher than Canton.
Sba Loan Closer jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Ann Arbor | $54,769 | $4,564 | $1,053 | $26 |
| Canton | $54,662 | $4,555 | $1,051 | $26 |
| Novi | $54,502 | $4,542 | $1,048 | $26 |
| Westland | $54,075 | $4,506 | $1,040 | $26 |
| West Bloomfield | $53,862 | $4,488 | $1,036 | $26 |
| Detroit | $53,808 | $4,484 | $1,035 | $26 |
| Warren | $53,808 | $4,484 | $1,035 | $26 |
| Dearborn | $53,808 | $4,484 | $1,035 | $26 |
| Waterford | $53,808 | $4,484 | $1,035 | $26 |
| Dearborn Heights | $53,755 | $4,480 | $1,034 | $26 |
What Does a Sba Loan Closer Do?
While SBA-PPP loans continued to support overall net interest income, the contribution from these loans is declining as forgiveness activity continues.
Updated December 16, 2021
3 On Your Side also found loans tied to five lawmakers that might warrant a closer look -- two with false information.
Updated December 15, 2021
If you are purchasing an existing business, you may be able to get an SBA loan or other type of financing based in part on the current success of the business.
Updated November 22, 2021
SBA loans require that your business "owner occupy" at least 51% of an existing building or 60% of a building you would construct, but you can lease out the rest of the space, so your tenant(s) can help offset your costs - possibly dramatically.
Updated November 21, 2021
Individual lenders are approved by the SBA to make loans under SBA programs, and these generally offer lower interest rates.
Updated November 19, 2021
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Explore JobArchitectFrequently Asked Questions About a Sba Loan Closer Salaries
What is the average of a Sba Loan Closer in Michigan?
The Sba Loan Closer salary range is from $45,968 to $58,369, and the average Sba Loan Closer salary is $52,687/year in Michigan.
The Sba Loan Closer's salary will change in different locations.
Which location pays the highest Sba Loan Closer salary in the United States?
The Sba Loan Closer salary in San Jose, CA is $66,994
which is the highest in the US.
What kinds of reasons will influence the Sba Loan Closer'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 Sba Loan Closer.
What is the growth rate of the Sba Loan Closer's salary?
If you are thinking of becoming a Sba Loan Closer or planning the next step in your career, find the detailed salary report of a Sba Loan Closer.
