Commercial Lender Salary

Commercial Lenders in the United States can expect to earn an average of $73K per year. With some bonuses approaching $20K and certain profit sharing proceeds approaching $8K, overall incomes of Commercial Lenders spread between $42K and $125K depending on individual performance. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Men account for the majority of Commercial Lenders who responded to the questionnaire — 81 percent to be exact. Work is enjoyable for Commercial Lenders, who typically claim high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
Read More
$42,424 - $113,964
(Median)
$42K
$73K
$110K
MEDIAN: $73,070
10%
50%
90%

Add this chart to your site: 640px    300px

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
$42,424 - $113,964  
   
Bonus
$805 - $20,292  
Profit Sharing
$750 - $7,530  
Commission
$0.00 - $20,089  
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).
)
$41,834 - $124,720  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 481
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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.

Loan Officer, Commercial Job Listings

Search for more jobs:

Popular Skills for Commercial Lender


Typical Commercial Lenders report a focused set of job skills. Most notably, skills in Business Development, Financial Analysis, Loan Underwriting, and Sales are correlated to pay that is above average, with boosts between 6 percent and 8 percent. Those familiar with Financial Analysis also tend to 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.


For many Commercial Lenders, more experience generally translates to higher pay. The average worker who claims fewer than five years of experience earns around $55K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $76K. On average, Commercial Lenders make $90K following one to two decades on the job. Professionals who boast more than 20 years of experience reap the fruits of their labor to the six-figure tune of $115K — the plum median salary in this group.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Commercial Lender Salaries



National Average
$78,000



Skills That Affect Commercial Lender Salaries




Sales
up arrow 4%

National Average
$78,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 113 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
4%
1-4 years
19%
5-9 years
30%
10-19 years
31%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 80%
vision benefits Vision: 59% employee benefits None: 7%
ADVERTISEMENT