Commercial Lender Salary

For Commercial Lenders, annual average wages total $73K per year. Total incomes of Commercial Lenders incorporate potential for, in a few cases, more than $20K from bonuses and close to $7K from profit sharing; these performance components cause packages to range between $44K and $123K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Most workers in this position report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$43,543 - $112,172
(Median)
$44K
$73K
$110K
MEDIAN: $72,586
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
$43,543 - $112,172  
   
Bonus
$770 - $20,160  
Profit Sharing
$881 - $7,479  
Commission
$0.00 - $20,273  
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).
)
$43,717 - $123,329  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 501

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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 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 5 percent and 9 percent. Most people experienced in Financial Analysis also know Sales and Business Development. People who know Loan Underwriting usually 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.


Commercial Lenders generally obtain higher compensation for more plentiful past experience. Respondents with less than five years' experience take home $56K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $76K. After working for 10 to 20 years, Commercial Lenders make a median salary of $91K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $109K.

Related Job Salaries

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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 138 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
3%
1-4 years
20%
5-9 years
30%
10-19 years
30%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 78%
vision benefits Vision: 56% employee benefits None: 8%