How Much Does a Sba Loan Specialist Make in Chicago, IL?

Updated December 01, 2024
As of December 01, 2024, the average annual pay of Sba Loan Specialist in Chicago, IL is $44,585. While Salary.com is seeing that Sba Loan Specialist salary in Chicago, IL can go up to $69,718 or down to $34,007, but most earn between $39,048 and $57,740. 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 Specialist
SBA Loan Officer
$110,239
Chicago, IL
Per Year
Sba Loan Processor
$54,707
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Sba Loan Closer
$55,302
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Sba Loan Assistant
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Similar Job Salaries to Sba Loan Specialist by Company

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Company average base salary in (usd) range
Banner Bank
SBA Loan Specialist
$60,789/yr
$52,003
$69,574
RANGE: $52,003 - $69,574
Regional Management Corp
Loan Specialist
$62,376/yr
$53,714
$71,037
RANGE: $53,714 - $71,037
Get It - Real Estate
Remote SBA Loan Support Specialist | Work From Home
$66,548/yr
$56,995
$76,100
RANGE: $56,995 - $76,100
First Internet Bank
SBA Loan Underwriter I
$79,608/yr
$67,901
$91,316
RANGE: $67,901 - $91,316
Magnifi Financial
SBA Loan Processor II
$74,925/yr
$63,294
$86,557
RANGE: $63,294 - $86,557
FIRST INTERNET BANK
SBA Loan Underwriter II
$86,673/yr
$73,914
$99,432
RANGE: $73,914 - $99,432
GBC International Bank
SBA Loan Officer
$160,381/yr
$118,813
$201,949
RANGE: $118,813 - $201,949
First Internet Bank
SBA Loan Packager
$65,761/yr
$53,933
$77,589
RANGE: $53,933 - $77,589
$91,190/yr
$73,012
$109,367
RANGE: $73,012 - $109,367

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What Does a Sba Loan Specialist Do?

The SBA Loan Specialist knows the process, procedures and will often work with a variety of SBA lenders to find just the right match for a particular borrower’s needs.
Updated October 27, 2021
SBA is developing a process to collect the information necessary for eligible borrowers to reapply or request an increase in their PPP loan amount as described in this interim final rule.
Updated December 22, 2021
The Small Business Administration (SBA) received funding and authority through the Act to modify existing loan programs and establish a new loan program to assist small businesses nationwide adversely impacted by the COVID-19 emergency.
Updated December 21, 2021
When disbursing loans, lenders must send any amount of loan proceeds designated for the refinance of an EIDL loan directly to SBA and not to the borrower.
Updated December 21, 2021
SBA, in consultation with Treasury, has determined that for purposes of loans made under the PPP, the additional requirements set forth in 120.434 shall also not apply.
Updated December 16, 2021

Frequently Asked Questions About a Sba Loan Specialist Salaries

What is the average of a Sba Loan Specialist in Chicago, IL?

The Sba Loan Specialist salary range is from $39,048 to $57,740, and the average Sba Loan Specialist salary is $44,585/year in Chicago, IL. The Sba Loan Specialist's salary will change in different locations.

Which location pays the highest Sba Loan Specialist salary in the United States?

The Sba Loan Specialist salary in San Jose, CA is $53,340 which is the highest in the US.

What kinds of reasons will influence the Sba Loan Specialist'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 Specialist.

What is the growth rate of the Sba Loan Specialist's salary?

If you are thinking of becoming a Sba Loan Specialist or planning the next step in your career, find the detailed salary report of a Sba Loan Specialist.