Sba Loan Processor Salaries in Minnesota
How Much Does a Sba Loan Processor Make in Minnesota?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Sba Loan Processor in Minnesota is $53,351.
While Salary.com is seeing that Sba Loan Processor salary in MN can go up to $66,272
or down to $42,990, but most earn between $47,928 and $60,115.
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 |
|---|---|---|
|
Magnifi Financial
SBA Loan Processor II
|
$74,925/yr
|
RANGE: $63,294 - $86,557
|
|
Bank Midwest
Loan Processor
|
$62,504/yr
|
RANGE: $53,824 - $71,183
|
|
HomeTown Bank
Loan Processor
|
$67,228/yr
|
RANGE: $57,893 - $76,563
|
|
Granite Bank
Mortgage Loan Processor
|
$69,435/yr
|
RANGE: $59,331 - $79,539
|
|
Wells Fargo
Home Loan Processor (SAFE)
|
$65,074/yr
|
RANGE: $55,995 - $74,152
|
|
Manufacturers Bank & Trust
Loan Processor Specialist
|
$61,009/yr
|
RANGE: $52,528 - $69,489
|
|
Blaze Credit Union
Mortgage Loan Processor
|
$68,478/yr
|
RANGE: $58,144 - $78,811
|
|
B10 Wells Fargo Bank, N. A.
Loan Documentation Processor -Home Lending
|
$62,225/yr
|
RANGE: $53,576 - $70,875
|
|
Wells Fargo
Loan Documentation Processor -Home Lending
|
$64,536/yr
|
RANGE: $55,566 - $73,507
|
|
First Internet Bank
SBA Loan Underwriter I
|
$79,608/yr
|
RANGE: $67,901 - $91,316
|
Top 10 Highest Paying Cities For Sba Loan Processor Jobs in Minnesota
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 Minnesota.
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 Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Sba Loan Processor salary is $55,333 in Minneapolis,
which is higher than the national average. There are 7 cities' Sba Loan Processor salary higher than national average in Minnesota.
The average salary for a Sba Loan Processor in Minnesota is $53,351,
but we found that the city with the highest salary for Sba Loan Processor jobs is Minneapolis, MN, and it is higher than Saint Paul.
Sba Loan Processor jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $55,333 | $4,611 | $1,064 | $27 |
| Saint Paul | $55,333 | $4,611 | $1,064 | $27 |
| Minnetonka | $55,333 | $4,611 | $1,064 | $27 |
| Eden Prairie | $55,229 | $4,602 | $1,062 | $27 |
| Burnsville | $55,177 | $4,598 | $1,061 | $27 |
| Lakeville | $54,968 | $4,581 | $1,057 | $26 |
| Rochester | $52,308 | $4,359 | $1,006 | $25 |
| Saint Cloud | $51,422 | $4,285 | $989 | $25 |
| Duluth | $50,379 | $4,198 | $969 | $24 |
What Does a Sba Loan Processor Do?
– The “CARES SBA-PPP: Loan Forgiveness Payroll Cost” report provides the total payroll cost for all pay periods during the covered period.
Updated December 03, 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
Most notably, the SBA said it will accept PPP loan applications only from community financial institutions for at least the first two days when the PPP loan portal reopens.
Updated December 11, 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 Minnesota?
The Sba Loan Processor salary range is from $47,928 to $60,115, and the average Sba Loan Processor salary is $53,351/year in Minnesota.
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 $65,450
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.
