Sba Loan Specialist Salaries in Michigan
How Much Does a Sba Loan Specialist Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Sba Loan Specialist in Michigan is $42,617.
While Salary.com is seeing that Sba Loan Specialist salary in MI can go up to $66,438
or down to $32,493, but most earn between $37,317 and $55,085.
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 |
|---|---|---|
|
U.S. Bank
SBA Loan Doc Specialist
|
$91,178/yr
|
RANGE: $82,744 - $99,613
|
|
W3Global
SBA Loan Processing Specialist
|
$84,476/yr
|
RANGE: $76,715 - $92,237
|
|
PONCE BANK
SBA Loan Processing Specialist
|
$84,476/yr
|
RANGE: $76,715 - $92,237
|
|
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
|
|
Waterstone LSP, LLC
SBA Underwriter & SBA Loan Packager
|
$85,041/yr
|
RANGE: $77,798 - $92,284
|
|
OneMain Financial
Loan Sales Specialist
|
$61,007/yr
|
RANGE: $54,810 - $67,203
|
|
Rocket Mortgage
Loan Structure Operations Specialist
|
$61,744/yr
|
RANGE: $55,624 - $67,864
|
Top 10 Highest Paying Cities For Sba Loan Specialist Jobs in Michigan
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 Michigan.
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 Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Sba Loan Specialist salary is $43,504 in Ann Arbor,
which is higher than the national average. There are 6 cities' Sba Loan Specialist salary higher than national average in Michigan.
The average salary for a Sba Loan Specialist in Michigan is $42,617,
but we found that the city with the highest salary for Sba Loan Specialist jobs is Ann Arbor, MI, and it is higher than Canton.
Sba Loan Specialist jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Ann Arbor | $43,504 | $3,625 | $837 | $21 |
| Canton | $43,435 | $3,620 | $835 | $21 |
| Novi | $43,296 | $3,608 | $833 | $21 |
| Detroit | $43,279 | $3,607 | $832 | $21 |
| Warren | $43,279 | $3,607 | $832 | $21 |
| Dearborn | $43,279 | $3,607 | $832 | $21 |
| Dearborn Heights | $43,257 | $3,605 | $832 | $21 |
| Royal Oak | $43,231 | $3,603 | $831 | $21 |
| Westland | $43,218 | $3,602 | $831 | $21 |
| Taylor | $43,210 | $3,601 | $831 | $21 |
What Does a Sba Loan Specialist Do?
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
SBA Paycheck Protection Program (PPP) loan forgiveness applications for first and second draw borrowers are now being processed.
Updated December 14, 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 Michigan?
The Sba Loan Specialist salary range is from $37,317 to $55,085, and the average Sba Loan Specialist salary is $42,617/year in Michigan.
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.
