Commercial Lender Salary

Commercial Lenders in the United States pull down an average of $73K per year. Cash earnings for Commercial Lenders — which occasionally include more than $20K from bonuses and more than $8K from profit sharing — stretch from around $42K to approximately $124K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. The vast majority (81 percent) of Commercial Lenders who answered the questionnaire are male. Work is enjoyable for Commercial Lenders, who typically claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Respondents to the PayScale salary survey provided the data for this report.
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$42,843 - $113,218

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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
$42,843 - $113,218  
   
Bonus
$800 - $20,236  
Profit Sharing
$750 - $7,530  
Commission
$0.00 - $19,627  
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).
)
$42,459 - $124,261  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 481
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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


Commercial Lenders only report a few specific skills. Most notably, skills in Business Development, Financial Analysis, Loan Underwriting, and Sales are correlated to pay that is above average, with boosts in pay of 7 percent. Those educated in Financial Analysis tend to be well versed in 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 with a lot of experience tend to enjoy higher earnings. Those in the early stages of their career can expect to make around $54K; however, individuals with five to 10 years of experience bring in $76K on average — a distinctly larger sum. People with 10 to 20 years of experience make an average of about $90K in this role. Professionals who have racked up more than two decades of experience enjoy comfortable salaries; at this stage, median wages are a cushy $113K.

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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 107 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
17%

Common Health Benefits

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