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Commercial Lender Salary

An average Commercial Lender in the United States can expect to take home roughly $73K annually. In the world of Commercial Lenders, overall income ranges from $43K near the bottom to $124K at the top; this can include more than $20K from bonuses and more than $8K from profit sharing in exceptional cases. Career duration is the biggest factor affecting pay for this group, followed by geography. Male Commercial Lenders far outnumber their female contemporaries among those who completed the questionnaire. The majority of workers are highly satisfied with their job. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. This report is based on responses to the PayScale salary survey.
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$43,288 - $113,288
(Median)
$43K
$73K
$110K
MEDIAN: $72,524
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
$43,288 - $113,288  
   
Bonus
$774 - $20,168  
Profit Sharing
$750 - $7,530  
Commission
$0.00 - $20,426  
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).
)
$43,190 - $124,020  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 498

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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.

Loan Officer, Commercial Job Listings

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Popular Skills for Commercial Lender


Just a handful of professional skills are reported by Commercial Lenders who took the survey. 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.


Experience is an important factor influencing the compensation of Commercial Lenders. Survey participants with less than five years' experience pocket $55K on average, but those with five to 10 years of experience enjoy a much bigger median of $76K. On average, Commercial Lenders make $91K following one to two decades on the job. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $111K.

Related Job Salaries

United States (change)

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
4%
1-4 years
20%
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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