Commercial Lender Salary

Commercial Lenders in the United States can expect wages of $73K annually on average. Final cash compensation to Commercial Lenders varies from around $42K to approximately $125K; choice pay grades include potential for bonuses and profit sharing as high as $20K and $8K, respectively. Experience level is the biggest factor affecting pay for this group, followed by geography. Job satisfaction is high and work is enjoyable for most Commercial Lenders. Male Commercial Lenders far outnumber their female contemporaries among those who completed the questionnaire. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. The data in this summary comes from the PayScale salary survey.
Read More
$42,551 - $113,848
(Median)
$43K
$73K
$110K
MEDIAN: $72,900
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
$42,551 - $113,848  
   
Bonus
$800 - $20,299  
Profit Sharing
$750 - $7,530  
Commission
$0.00 - $20,044  
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).
)
$41,582 - $124,597  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 484
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


Commercial Lenders note just a narrow range 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 of 8 percent, 7 percent, 6 percent, and 6 percent, respectively. 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.


For many Commercial Lenders, experience and pay levels seem to be correlated; more years in the business generally lead to more money. 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. Commercial Lenders who work for 10 to 20 years in their occupation tend to earn about $90K. Survey participants who have worked for more than two decades report bringing in $114K on average.

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 111 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
4%
1-4 years
20%
5-9 years
29%
10-19 years
30%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 79%
vision benefits Vision: 59% employee benefits None: 7%
ADVERTISEMENT