Small Business Loan Officer Salaries in Tennessee
How Much Does a Small Business Loan Officer Make in Tennessee?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Small Business Loan Officer in Tennessee is $62,531.
While Salary.com is seeing that Small Business Loan Officer salary in TN can go up to $81,603
or down to $44,676, but most earn between $53,185 and $72,514.
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 Small Business Loan Officer
Small Business Administration Loan Officer II
$94,120
Tennessee
Per Year
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Similar Job Salaries to Small Business Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Jobleads-US
Commercial Loan Officer with Small Business Focus
|
$133,588/yr
|
RANGE: $118,032 - $149,144
|
|
Mortgage Investors Group
Loan Officer
|
$49,731/yr
|
RANGE: $45,194 - $54,268
|
|
Jobot
Loan Officer
|
$93,223/yr
|
RANGE: $83,529 - $102,918
|
|
gpac
Loan Officer
|
$65,513/yr
|
RANGE: $58,872 - $72,155
|
|
Mutual of Omaha Mortgage
Loan Officer
|
$57,333/yr
|
RANGE: $51,709 - $62,957
|
|
Paramount Residential Mortgage Group
Loan Officer
|
$66,052/yr
|
RANGE: $58,800 - $73,304
|
|
River Valley AgCredit
Loan Officer
|
$76,912/yr
|
RANGE: $68,922 - $84,902
|
Top 10 Highest Paying Cities For Small Business Loan Officer Jobs in Tennessee
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Small Business Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Small Business Loan Officer job salaries in Tennessee.
Some cities can pay higher salaries for Small Business Loan Officer jobs, which can indicate that there is a large demand for Small Business Loan Officer positions in this city.
The following table shows top 10 cities where the Small Business Loan Officer salary is higher than other cities in Tennessee.
Nashville takes first place in this list, followed by Hendersonville, Franklin.
The Small Business Loan Officer salary is $63,521 in Nashville,
which is lower than the national average. There is 0 city's Small Business Loan Officer salary higher than national average in Tennessee.
The average salary for a Small Business Loan Officer in Tennessee is $62,531,
but we found that the city with the highest salary for Small Business Loan Officer jobs is Nashville, TN, and it is higher than Hendersonville.
Small Business Loan Officer jobs in Nashville can have the opportunity to earn higher salaries than in other cities in Tennessee.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Nashville | $63,521 | $5,293 | $1,222 | $31 |
| Hendersonville | $63,428 | $5,286 | $1,220 | $30 |
| Franklin | $63,301 | $5,275 | $1,217 | $30 |
| Murfreesboro | $63,053 | $5,254 | $1,213 | $30 |
| Memphis | $62,678 | $5,223 | $1,205 | $30 |
| Germantown | $62,524 | $5,210 | $1,202 | $30 |
| Jackson | $62,210 | $5,184 | $1,196 | $30 |
| Knoxville | $61,393 | $5,116 | $1,181 | $30 |
| Chattanooga | $60,698 | $5,058 | $1,167 | $29 |
| Clarksville | $60,430 | $5,036 | $1,162 | $29 |
What Does a Small Business Loan Officer Do?
Loan officers must have a comprehensive knowledge of lending products, banking industry rules and regulations, and the required documentation for obtaining a loan.
Updated November 17, 2021
The loan officer is responsible for the initial screening process and is unlikely to proceed with an application from someone who does not meet the lender's qualifications.
Updated December 15, 2021
For example, if a bank loan requires three years of business tax returns and you've only been in business for six months, you'll need to look elsewhere.
Updated December 13, 2021
Getting your credit scores in tip-top shape before you apply for a business loan will help to boost your chances of success.
Updated December 12, 2021
The loan officer is responsible for collecting the appropriate closing documents for a mortgage or other loan.
Updated December 12, 2021
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Explore JobArchitectFrequently Asked Questions About a Small Business Loan Officer Salaries
What is the average of a Small Business Loan Officer in Tennessee?
The Small Business Loan Officer salary range is from $53,185 to $72,514, and the average Small Business Loan Officer salary is $62,531/year in Tennessee.
The Small Business Loan Officer's salary will change in different locations.
Which location pays the highest Small Business Loan Officer salary in the United States?
The Small Business Loan Officer salary in San Jose, CA is $84,398
which is the highest in the US.
What kinds of reasons will influence the Small Business Loan Officer'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 Small Business Loan Officer.
What is the growth rate of the Small Business Loan Officer's salary?
If you are thinking of becoming a Small Business Loan Officer or planning the next step in your career, find the detailed salary report of a Small Business Loan Officer.
