Sba Loan Specialist Salaries in Illinois
How Much Does a Sba Loan Specialist Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Sba Loan Specialist in Illinois is $44,110.
While Salary.com is seeing that Sba Loan Specialist salary in IL can go up to $68,765
or down to $33,631, but most earn between $38,625 and $57,015.
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
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Similar Job Salaries to Sba Loan Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
PONCE BANK
SBA Loan Processing Specialist
|
$84,476/yr
|
RANGE: $76,715 - $92,237
|
|
W3Global
SBA Loan Processing Specialist
|
$84,476/yr
|
RANGE: $76,715 - $92,237
|
|
U.S. Bank
SBA Loan Doc Specialist
|
$91,178/yr
|
RANGE: $82,744 - $99,613
|
|
Mountain Pacific Bank
Assistant SBA Loan Documentation Specialist
|
$53,068/yr
|
RANGE: $47,927 - $58,209
|
|
Magnifi Financial
SBA Loan Closing Document Specialist
|
$96,212/yr
|
RANGE: $87,565 - $104,859
|
|
CrossFirst Bank
Senior SBA Loan Closing Specialist
|
$54,373/yr
|
RANGE: $48,881 - $59,866
|
|
Williams Adley
SBA 7a Loan Compliance Specialist - Remote
|
$96,302/yr
|
RANGE: $87,686 - $104,918
|
|
First Federal Savings Bank Illinois
Loan Collection Specialist/Loan Servicer
|
$40,553/yr
|
RANGE: $37,223 - $43,884
|
|
Waterstone LSP, LLC
SBA Underwriter & SBA Loan Packager
|
$85,041/yr
|
RANGE: $77,798 - $92,284
|
|
Builder Finance Inc
SBA Loan Officer
|
$73,122/yr
|
RANGE: $66,015 - $80,229
|
Top 10 Highest Paying Cities For Sba Loan Specialist 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 Specialist 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 Specialist job salaries in Illinois.
Some cities can pay higher salaries for Sba Loan Specialist jobs, which can indicate that there is a large demand for Sba Loan Specialist positions in this city.
The following table shows top 10 cities where the Sba Loan Specialist salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Sba Loan Specialist salary is $44,720 in Chicago,
which is higher than the national average. There are 20 cities' Sba Loan Specialist salary higher than national average in Illinois.
The average salary for a Sba Loan Specialist in Illinois is $44,110,
but we found that the city with the highest salary for Sba Loan Specialist jobs is Chicago, IL, and it is higher than Cicero.
Sba Loan Specialist 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 | $44,720 | $3,727 | $860 | $21 |
| Cicero | $44,720 | $3,727 | $860 | $21 |
| Oak Park | $44,720 | $3,727 | $860 | $21 |
| Evanston | $44,702 | $3,725 | $860 | $21 |
| Skokie | $44,702 | $3,725 | $860 | $21 |
| Oak Lawn | $44,668 | $3,722 | $859 | $21 |
| Des Plaines | $44,599 | $3,717 | $858 | $21 |
| Mount Prospect | $44,564 | $3,714 | $857 | $21 |
| Aurora | $44,374 | $3,698 | $853 | $21 |
| Hoffman Estates | $44,335 | $3,695 | $853 | $21 |
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
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Explore JobArchitectFrequently Asked Questions About a Sba Loan Specialist Salaries
What is the average of a Sba Loan Specialist in Illinois?
The Sba Loan Specialist salary range is from $38,625 to $57,015, and the average Sba Loan Specialist salary is $44,110/year in Illinois.
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 $54,582
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.
