Sba Loan Processor Salaries in Illinois
How Much Does a Sba Loan Processor Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Sba Loan Processor in Illinois is $53,485.
While Salary.com is seeing that Sba Loan Processor salary in IL can go up to $66,430
or down to $43,088, but most earn between $48,043 and $60,261.
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 Processor
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Similar Job Salaries to Sba Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Opportunities
Sr Loan Processor - SBA
|
$65,653/yr
|
RANGE: $59,072 - $72,235
|
|
Fay Financial
Loan Processor
|
$60,046/yr
|
RANGE: $54,001 - $66,090
|
|
American Community Bank & Trust
Commercial Loan Processor
|
$56,789/yr
|
RANGE: $51,448 - $62,130
|
|
LIFESTONE MORTGAGE CORPORATION
Contract loan processor
|
$63,665/yr
|
RANGE: $57,228 - $70,103
|
|
Busey
Mortgage Loan Processor
|
$47,071/yr
|
RANGE: $42,830 - $51,312
|
|
IHMVCU
Commercial Loan Processor
|
$58,830/yr
|
RANGE: $52,882 - $64,778
|
|
IH Mississippi Valley Credit Union
Commercial Loan Processor
|
$58,830/yr
|
RANGE: $52,882 - $64,778
|
Top 10 Highest Paying Cities For Sba Loan Processor Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Sba Loan Processor 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 Processor job salaries in Illinois.
Some cities can pay higher salaries for Sba Loan Processor jobs, which can indicate that there is a large demand for Sba Loan Processor positions in this city.
The following table shows top 10 cities where the Sba Loan Processor salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Sba Loan Processor salary is $54,225 in Chicago,
which is higher than the national average. There are 20 cities' Sba Loan Processor salary higher than national average in Illinois.
The average salary for a Sba Loan Processor in Illinois is $53,485,
but we found that the city with the highest salary for Sba Loan Processor jobs is Chicago, IL, and it is higher than Cicero.
Sba Loan Processor jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $54,225 | $4,519 | $1,043 | $26 |
| Cicero | $54,225 | $4,519 | $1,043 | $26 |
| Oak Park | $54,225 | $4,519 | $1,043 | $26 |
| Evanston | $54,204 | $4,517 | $1,042 | $26 |
| Skokie | $54,204 | $4,517 | $1,042 | $26 |
| Oak Lawn | $54,162 | $4,514 | $1,042 | $26 |
| Des Plaines | $54,078 | $4,507 | $1,040 | $26 |
| Mount Prospect | $54,036 | $4,503 | $1,039 | $26 |
| Aurora | $53,806 | $4,484 | $1,035 | $26 |
| Hoffman Estates | $53,758 | $4,480 | $1,034 | $26 |
What Does a Sba Loan Processor Do?
The lender must issue a decision to SBA on a loan forgiveness application not later than 60 days after receipt of a complete loan forgiveness application from the borrower.
Updated November 17, 2021
Processing times can depend on PPP application volume, internal SBA systems, and the completeness of all documentation you submit to support your loan application.
Updated October 12, 2021
Your deferral period lasts until the date the SBA sends the forgiven amount of your PPP loan to Synovus or notifies us that no forgiveness is allowed.
Updated December 17, 2021
Loans under the PPP will be 100 percent guaranteed by SBA, and the full principal amount of the loans may qualify for loan forgiveness.
Updated December 15, 2021
SBA may, in its discretion, review a borrower's First Draw PPP Loan and Second Draw PPP Loan at the same time or at different times.
Updated December 12, 2021
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Explore JobArchitectFrequently Asked Questions About a Sba Loan Processor Salaries
What is the average of a Sba Loan Processor in Illinois?
The Sba Loan Processor salary range is from $48,043 to $60,261, and the average Sba Loan Processor salary is $53,485/year in Illinois.
The Sba Loan Processor's salary will change in different locations.
Which location pays the highest Sba Loan Processor salary in the United States?
The Sba Loan Processor salary in San Jose, CA is $66,184
which is the highest in the US.
What kinds of reasons will influence the Sba Loan Processor'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 Processor.
What is the growth rate of the Sba Loan Processor's salary?
If you are thinking of becoming a Sba Loan Processor or planning the next step in your career, find the detailed salary report of a Sba Loan Processor.
