The average salary for a Loan Officer, Commercial is $61,973 per year. People in this job generally don't have more than 20 years' experience. Experience has a moderate effect on income for this job. The skills that increase pay for this job the most are Portfolio Management and Sales.
Loan Officer, Commercial Total Pay (?
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.
)
$40,396 - $97,432
(Median)
40K
49K
62K
80K
97K
MEDIAN: $61,973
10%
25%
50%
75%
90%
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Loan Officer, Commercial Total Pay (?
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.
)
$12.55 - $28.82
(Median)
13
19
25
29
MEDIAN: $18.00
10%
50%
75%
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
$40,396 - $97,432  
   
Bonus
$910 - $19,000  
Profit Sharing
$881 - $8,557  
Commission
$0.00 - $25,168  
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).
)
$41,028 - $107,119  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 1,103
National Hourly Rate 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$25$50$75
Hourly Rate
$12.55 - $28.82  
   
Overtime
$10.69 - $39.63  
National Annualized 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
Bonus
$910 - $19,000  
   
Commission
$0.00 - $25,168  
Profit Sharing
$881 - $8,557  
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).
)
$41,028 - $107,119  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 1,103
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Job Description for Loan Officer, Commercial
A commercial loan officer works with current business clients and individuals looking to start small businesses. Much of the loan officer's duties entail maintaining and administering these loan accounts for the bank, following standard procedures and protocols.
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Loan Officer, Commercial 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.
Read more about: Loan Officers
Popular Skills for Loan Officer, Commercial
Pay by Experience Level for Loan Officer, Commercial
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Related Job Salaries

Experience Affects Loan Officer, Commercial Salaries

National Average
$66,000

Skills That Affect Loan Officer, Commercial Salaries

up arrow 19%
Business Analysis
up arrow 3%
National Average
$66,000
Job Satisfaction
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Extremely satisfied
Rated 5 out of 5 based on 296 votes.
Gender
Female
17%
female alumni
 
Male
83%
male alumni
Years of Experience
Less than 1 year
2%
1-4 years
28%
5-9 years
37%
10-19 years
22%
20 years or more
11%
Common Health Benefits
medical benefits Medical: 92% dental benefits Dental: 77%
vision benefits Vision: 54% employee benefits None: 6%
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