The average salary for a Commercial Lender is $81,241.
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What Do Commercial Lenders Do?
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 …Read more
Commercial Lender Tasks
- 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.
- Oversee handling of advances, payments, and wire transfers.
- 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.
Job Satisfaction for Commercial Lender
Popular Employer Salaries for Commercial Lender
Explore the most common career paths for Commercial Lender. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Vice President (VP), Commercial Lending
Somewhat common (8 - 20%)
Commercial Lender Job Listings
What Are Popular Skills for Commercial Lenders?
Skills in Commercial Loans, Business Development, Financial Analysis, Loan Underwriting and Sales are correlated to pay that is above average.
What is the Pay by Experience Level for Commercial Lenders?
An entry-level Commercial Lender with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $54,676 based on 18 salaries. An early career Commercial Lender with 1-4 years of experience earns an average total compensation of $63,929 based on 144 salaries. A mid-career Commercial Lender with 5-9 years of experience earns an average total compensation of $80,323 based on 122 salaries. An experienced Commercial Lender with 10-19 years of experience earns an average total compensation of $98,098 based on 150 salaries. In their late career (20 years and higher), employees earn an average total compensation of $103,609.
Pay Difference by Location
Employees with Commercial Lender in their job title in Washington, District of Columbia earn an average of 43.3% more than the national average. These job titles also find higher than average salaries in Omaha, Nebraska (31.7% more) and Philadelphia, Pennsylvania (24.5% more). The lowest salaries can be found in Springfield, Missouri (37.0% less).
Years of Experience
This data is based on 534 survey responses.