How Much Does a Sba Loan Closer Make in Minneapolis, MN?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Sba Loan Closer in Minneapolis, MN is $56,007. While Salary.com is seeing that Sba Loan Closer salary in Minneapolis, MN can go up to $67,549 or down to $42,369, but most earn between $48,868 and $62,049. 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
Loan Closer
$51,200
Minneapolis, MN
Per Year
SBA Loan Officer
$105,400
Minneapolis, MN
Per Year
Sba Loan Processor
$54,918
Minneapolis, MN
Per Year
Sba Loan Specialist
$45,291
Minneapolis, MN
Per Year
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Similar Job Salaries to Sba Loan Closer by Company

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Company average base salary in (usd) range
Robert Half
Loan Closer
$59,081/yr
$53,333
$64,829
RANGE: $53,333 - $64,829
FIRST INTERNET BANK
SBA Loan Closer II
$48,508/yr
$44,106
$52,909
RANGE: $44,106 - $52,909
FIRST INTERNET BANK
SBA Loan Closer I
$94,739/yr
$86,224
$103,254
RANGE: $86,224 - $103,254
Dogwood State Bank
SBA Loan Closer
$61,361/yr
$55,599
$67,122
RANGE: $55,599 - $67,122
Texas Capital Bank
SBA Loan Closer
$71,666/yr
$64,852
$78,481
RANGE: $64,852 - $78,481
Magnifi Financial Credit Union
SBA Loan Closing Document Specialist
$96,212/yr
$87,565
$104,859
RANGE: $87,565 - $104,859
Magnifi Financial
SBA Loan Closing Document Specialist
$96,212/yr
$87,565
$104,859
RANGE: $87,565 - $104,859
Magnifi Financial Credit Union
Commercial Loan Post Closer
$58,330/yr
$51,814
$64,845
RANGE: $51,814 - $64,845
Magnifi Financial
Commercial Loan Post Closer
$58,330/yr
$51,814
$64,845
RANGE: $51,814 - $64,845
MBFC, SBA 504 Lending!
Vice President, Commercial Loan Officer / SBA Lender
$149,235/yr
$131,976
$166,494
RANGE: $131,976 - $166,494

Open Sba Loan Closer Jobs in Minneapolis, MN

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What Does a Sba Loan Closer Do?

If your business meets the qualifications for SBA loans, use SmartBiz to streamline your application process.
Updated October 10, 2021
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

Frequently Asked Questions About a Sba Loan Closer Salaries

What is the average of a Sba Loan Closer in Minneapolis, MN?

The Sba Loan Closer salary range is from $48,868 to $62,049, and the average Sba Loan Closer salary is $56,007/year in Minneapolis, MN. 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 $67,497 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.