Sba Loan Processor Salaries in Springfield, IL
How Much Does a Sba Loan Processor Make in Springfield, IL?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Sba Loan Processor in Springfield, IL is $50,587.
While Salary.com is seeing that Sba Loan Processor salary in Springfield, IL can go up to $62,839
or down to $40,763, but most earn between $45,445 and $57,000.
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
|
|
Fay Financial
Loan Processor
|
$66,973/yr
|
RANGE: $57,673 - $76,272
|
|
CrossCountry Mortgage, LLC
Loan Processor
|
$68,086/yr
|
RANGE: $58,246 - $77,926
|
|
FCB Banks
Consumer Loan Processor (CLD)
|
$61,677/yr
|
RANGE: $53,095 - $70,259
|
|
ITASCA BANK & TRUST Company
Commercial Loan Processor
|
$68,086/yr
|
RANGE: $58,246 - $77,926
|
|
BMO Bank N.A.
Senior Mortgage Loan Processor - One Close Construction
|
$65,808/yr
|
RANGE: $57,465 - $74,151
|
|
Catholic & Community Credit Union
Member Services Representative II / Loan Processor
|
$46,022/yr
|
RANGE: $40,776 - $51,267
|
|
HealthCare Associates Credit Union
Consumer Loan Processor (Previous Financial Experience Not Required)
|
$65,020/yr
|
RANGE: $55,973 - $74,066
|
|
First Internet Bank
SBA Loan Underwriter I
|
$79,608/yr
|
RANGE: $67,901 - $91,316
|
|
Business Finance Capital (BFC) - SBA 504 Lender
Sba loan committee member
|
$142,882/yr
|
RANGE: $105,849 - $179,915
|
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 Springfield, IL?
The Sba Loan Processor salary range is from $45,445 to $57,000, and the average Sba Loan Processor salary is $50,587/year in Springfield, IL.
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.
