How much does a SBA Loan Officer make in Mississippi? The average SBA Loan Officer salary in Mississippi is $92,054 as of March 26, 2024, but the range typically falls between $82,250 and $106,295. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

SBA Loan Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile SBA Loan Officer Salary $73,324 MS March 26, 2024
25th Percentile SBA Loan Officer Salary $82,250 MS March 26, 2024
50th Percentile SBA Loan Officer Salary $92,054 MS March 26, 2024
75th Percentile SBA Loan Officer Salary $106,295 MS March 26, 2024
90th Percentile SBA Loan Officer Salary $119,261 MS March 26, 2024
25% $82,250 10% $73,324 90% $119,261 75% $106,295 $92,054 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does a SBA Loan Officer need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Communicates Effectively: Effective communication is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose.

2.

Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

3.

Accounting: Creating financial statements and reports based on the summary of financial and business transactions.

Communicates Effectively 5.88%
Economics 1.89%
Accounting 1.47%
Others 90.76%

Job Description for SBA Loan Officer

SBA Loan Officer develops and structures Small Business Administration (SBA) government-guaranteed loans and lines of credit to eligible business customers. Collects and reviews required customer financial information, structures the SBA loan proposals, completes initial underwriting, and prepares credit package that complies with all applicable regulations and SBA guidelines. Being a SBA Loan Officer builds working relationships and open communication with customers to clearly understand the customer's ongoing business needs. Develops relationships with a network of financial professionals and other referral sources to identify new prospects. Additionally, SBA Loan Officer maintains an up-to-date knowledge of SBA products, rules, and regulations. Requires a bachelor's degree in finance, business or equivalent. Typically reports to a manager. The SBA Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a SBA Loan Officer typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for SBA Loan Officer.

Salary.com job board provides millions of SBA Loan Officer information for you to search for. Click on search button below to see SBA Loan Officer job openings or enter a new job title here.

Job Openings for SBA Loan Officer in Mississippi

Select a city to view specific salary and bonus information for SBA Loan Officer

Loading results...
Location Avg. Salary Date Updated
Location Olive Branch, MS Avg. Salary $96,286 Date Updated March 26, 2024
Location Abbeville, MS Avg. Salary $95,976 Date Updated March 26, 2024
Location Aberdeen, MS Avg. Salary $87,410 Date Updated March 26, 2024
Location Ackerman, MS Avg. Salary $87,101 Date Updated March 26, 2024
Location Algoma, MS Avg. Salary $87,101 Date Updated March 26, 2024
Location Alligator, MS Avg. Salary $90,816 Date Updated March 26, 2024
Location Amory, MS Avg. Salary $87,101 Date Updated March 26, 2024
Location Anguilla, MS Avg. Salary $90,919 Date Updated March 26, 2024
Location Arcola, MS Avg. Salary $91,745 Date Updated March 26, 2024
Location Arkabutla, MS Avg. Salary $95,976 Date Updated March 26, 2024
Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for SBA Loan Officer

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
SBA Loan Officer Salary in Mississippi
SBA Loan Officer Salary Graph, Regional Distribution and Summary