Commercial Lender Salary

Commercial Lenders in the United States take home an average $81K annually. Overall compensation packages to Commercial Lenders range from $50K on the low end to $136K on the high end; this includes bonuses that peak near $25K and profit sharing that approaches $11K, with some high rollers snagging commissions as high as $40K. Career length is the biggest factor affecting pay for this group, followed by geography. Making up 77 percent of those who took the survey, male Commercial Lenders greatly outnumber their female counterparts. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Work is enjoyable for Commercial Lenders, who typically claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$51,212 - $124,575
$51K
$82K
$120K
MEDIAN: $82,395
10%
50%
90%

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$13.37 - $28.19
$13
$20
$28
MEDIAN: $20.39
10%
50%
90%

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$0$136K
Salary $51,212 - $124,575
Bonus $1,541 - $24,088
Profit Sharing $1,016 - $11,030
Commission $993 - $41,604
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).
)
$51,279 - $136,764
  • Country: United States
  • Currency: USD
  • Updated: 5 Oct 2017
  • Individuals Reporting: 327
Hourly Data $0$32
Hourly Rate $13.37 - $28.19
Overtime $30.58
Annual Data $0$136K
Bonus $1,541 - $24,088
Commission $993 - $41,604
Profit Sharing $1,016 - $11,030
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).
)
$51,279 - $136,764
  • Country: United States
  • Currency: USD
  • Updated: 5 Oct 2017
  • Individuals Reporting: 13

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

  • 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.

Common Career Paths for Commercial Lender


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Commercial Lender Job Listings

Popular Skills for Commercial Lender


Survey results imply that Commercial Lenders put a diverse skill set to use. Most notably, skills in Sales, Business Development, Loan Underwriting, and Commercial Loans are correlated to pay that is above average. Most people experienced in Financial Analysis also know Business Development and Sales.

Pay by Experience Level for Commercial Lender

Pay by Experience for a Commercial Lender has a positive trend. An entry-level Commercial Lender with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 114 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Lender with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $84,000 based on 105 salaries. An experienced Commercial Lender which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $94,000 based on 114 salaries. A Commercial Lender with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $107,000 based on 55 salaries.

Related Job Salaries

Key Stats for Commercial Lender

Gender

Female
23 %
Male
77 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.
Less than 1 year
1%
1-4 years
25%
5-9 years
24%
10-19 years
29%
20 years or more
20%

Experience Affects Commercial Lender Salaries

▲22%

▲8%

National Average
$87,000

▼4%

▼34%

Skills That Affect Commercial Lender Salaries

▲3%



National Average
$87,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
24%
10-19 years
29%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
vision benefits
Vision: 71%
no benefits
None: 7%