Average Entry-Level Loan Officer, Commercial Salary

$48,485
Avg. SalaryShow Hourly Rate
$4,832
Bonus
$7,500
Commission
$2,000
Profit Sharing
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The average salary for an Entry-Level Loan Officer, Commercial is $48,485.
10%
$34k
10%
$48k
50%
$67k
90%
90%
MEDIAN $48,485
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United States (change)
Salary
$34k - $67k
Bonus
$504 - $14k
Profit Sharing
$1k - $3k
Commission
$0 - $8k
Total Pay
$34k - $71k

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 Loan Underwriting and Sales are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis and Commercial Loans.

Pay by Experience Level for Loan Officer, Commercial

An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $58,874 based on 240 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $73,011 based on 224 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $89,078 based on 245 salaries. In their late career (20 years and higher), employees earn an average total compensation of $99,610.

Years of Experience

This data is based on 842 survey responses.
Early Career
28.5%
Mid Career
26.6%
Experienced
29.1%
Late Career
15.8%