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Commercial Lender Salary

The average Commercial Lender in the United States earns approximately $73K per year. The range in cash compensation to Commercial Lenders (largely between $43K and $125K) includes potential earnings of $20K from bonuses, $8K from profit sharing, and commissions of $20K in exceptional cases. Career length and the particular city each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to almost all, and a fair number earn dental coverage. The vast majority of Commercial Lenders (81 percent) survey respondents are men. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$43,199 - $113,824
(Median)
$43K
$73K
$110K
MEDIAN: $72,782
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$43,199 - $113,824  
   
Bonus
$765 - $20,158  
Profit Sharing
$750 - $7,530  
Commission
$0.00 - $20,482  
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).
)
$43,068 - $124,581  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 494

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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

  • 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.
  • Oversee handling of advances, payments, and wire transfers.
  • 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.

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Popular Skills for Commercial Lender


Survey takers who work as Commercial Lenders usually report a few specific skills. Most notably, skills in Business Development, Financial Analysis, Sales, and Loan Underwriting are correlated to pay that is above average, with boosts between 5 percent and 8 percent. For most people, competency in Financial Analysis indicates knowledge of Business Development and Sales.

Pay by Experience Level for Commercial Lender

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


Commercial Lenders generally obtain higher compensation for more plentiful past experience. Workers in their first five years can expect to earn $55K, but people who have been around for five to 10 years earn a noticeably bigger sum of $76K. After working for 10 to 20 years, Commercial Lenders make a median salary of $91K. Veterans who boast more than two decades of experience make around $113K on average — an ample six-figure paycheck.

Related Job Salaries

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Experience Affects Commercial Lender Salaries



National Average
$78,000



Skills That Affect Commercial Lender Salaries




up arrow 5%

National Average
$78,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 131 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
3%
1-4 years
19%
5-9 years
29%
10-19 years
31%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 80%
vision benefits Vision: 57% employee benefits None: 7%
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