Commercial Lender Salary

Earnings for Commercial Lenders in the United States come in at around $77K per year on average. Overall incomes of Commercial Lenders — including $23K bonuses, $13K profit sharing proceeds, and $31K commissions on the more lucrative end — generally ranges between $47K and $130K. Career length and the particular city each impact pay for this group, with the former having the largest influence. Making up 73 percent of those who took the survey, male Commercial Lenders greatly outnumber their female counterparts. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Most workers in this position report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.
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$48,889 - $116,701
$49K
$77K
$120K
MEDIAN: $77,114
10%
50%
90%

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$11.84 - $27.81
$12
$19
$28
MEDIAN: $18.66
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$48,889 - $116,701  
   
Bonus
$1,226 - $22,570  
Profit Sharing
$500 - $13,000  
Commission
$970 - $30,913  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$46,712 - $129,685  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 313
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$11.84 - $27.81  
   
Overtime
$28.99  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$1,226 - $22,570  
   
Commission
$970 - $30,913  
Profit Sharing
$500 - $13,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$46,712 - $129,685  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 17

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Commercial Lender

A commercial lender works at a banking institution and creates sales and growth for the company by granting loans to large commercial entities. The lender will offer products and services to various companies. The lender may work with current clients, follow leads, and carry out research in order to obtain new clients. The lender will meet with clients, present products, explain the loan process, and obtain the documentation necessary. The lender will also make determinations in order to decide whether a client should be granted a loan. It is important to obtain clients that are not likely to default on loans, so adequate research needs to be carried out before granting loans. The commercial lender may also have collections duties in order to minimize loss and maximize profits for the banking institution.

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Commercial Lender Tasks

  • Develop, maintain, and grow the commercial loan portfolio of private loan companies, government agencies, and non-profit organizations.
  • Solicit new business by developing marketing strategies.
  • Oversee handling of advances, payments, and wire transfers.
  • Negotiate credit terms, and prepare credit analysis and repayment plan for approvals.
  • Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.

Loan Officer, Commercial Job Listings

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Popular Skills for Commercial Lender


Commercial Lenders usually report a few specific skills. Most notably, skills in Sales, Business Development, Commercial Loans, and Loan Underwriting are correlated to pay that is above average, with boosts in pay of 7 percent. The majority of those who know Financial Analysis also know Business Development and Sales.

Pay by Experience Level for Commercial Lender

Median of all compensation (including tips, bonus, and overtime) by years of experience.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Those in the early stages of their career can expect to make around $58K; however, individuals with five to 10 years of experience bring in $83K on average — a distinctly larger sum. The average pay reported by folks with 10 to 20 years of experience is around $92K. Seasoned veterans with 20 years under their belts enjoy a median income of $110K.

Related Job Salaries

Key Stats for Commercial Lender

Gender

Female
27 %
Male
73 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 49 votes.
Less than 1 year
2%
1-4 years
27%
5-9 years
25%
10-19 years
32%
20 years or more
15%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Lender Salaries

▲36%

▲14%

▲2%

National Average
$81,000

▼29%

Skills That Affect Commercial Lender Salaries


▲7%




National Average
$81,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 49 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
25%
10-19 years
32%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 81%
vision benefits
Vision: 67%
dental benefits
None: 7%
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