Average Loan Officer, Commercial with Sales Skills Salary

$75,127
Avg. SalaryShow Hourly Rate
$8,000
Bonus
$9,000
Commission
$1,977
Profit Sharing
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The average salary for a Loan Officer, Commercial with Sales skills is $75,127.
10%
$49k
10%
$75k
50%
$123k
90%
90%
MEDIAN $75,127
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United States (change)
Salary
$49k - $123k
Bonus
$3k - $26k
Profit Sharing
$1k - $12k
Commission
$3k - $26k
Total Pay
$51k - $136k

Your Market Worth Over Time

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Job Description for Loan Officer, Commercial

Loan Officer, Commercial 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.

Career Paths

Explore the most common career paths for Loan Officer, Commercial. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Loan Officer, Commercial
Vice President (VP), Commercial Lending
Commercial Lender
Loan Officer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Officer, Commercial Job Listings

Popular Skills for Loan Officer, Commercial

Skills in Commercial Loans are correlated to pay that is above average. Skills that pay less than market rate include Business Analysis, Portfolio Management, Loan Underwriting and Financial Analysis.

Pay by Experience Level for Loan Officer, Commercial

An entry-level Loan Officer, Commercial with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $52,457 based on 6 salaries. An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation of $60,667 based on 79 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $77,344 based on 71 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $93,573 based on 85 salaries. In their late career (20 years and higher), employees earn an average total compensation of $111,233.
Employees with Loan Officer, Commercial in their job title in Atlanta, Georgia earn an average of 69.7% more than the national average. These job titles also find higher than average salaries in Springfield, Missouri (0.1% more). The lowest salaries can be found in Newport News, Virginia (34.1% less), Oklahoma City, Oklahoma (6.8% less) and Chicago, Illinois (6.6% less).

Years of Experience

This data is based on 286 survey responses.
Entry Level
2.1%
Early Career
27.6%
Mid Career
24.8%
Experienced
29.7%
Late Career
15.7%