SBA Loan Officer Salary in Jamestown, New York

SBA Loan Officer Salary in Jamestown, NY

How much does a SBA Loan Officer make in Jamestown, NY? The average SBA Loan Officer salary in Jamestown, NY is $97,730 as of March 26, 2024, but the range typically falls between $87,322 and $112,849. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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SBA Loan Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile SBA Loan Officer Salary $77,845 Jamestown,NY March 26, 2024
25th Percentile SBA Loan Officer Salary $87,322 Jamestown,NY March 26, 2024
50th Percentile SBA Loan Officer Salary $97,730 Jamestown,NY March 26, 2024
75th Percentile SBA Loan Officer Salary $112,849 Jamestown,NY March 26, 2024
90th Percentile SBA Loan Officer Salary $126,615 Jamestown,NY March 26, 2024
25% $87,322 10% $77,845 90% $126,615 75% $112,849 $97,730 50%(Median) Didn’t find job title? Click
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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.

See More Skills
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

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Job Openings for SBA Loan Officer in Jamestown, NY
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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SBA Loan Officer Pay Difference by Location

SBA Loan Officer salary varies from city to city. Compared with national average salary of SBA Loan Officer, the highest SBA Loan Officer salary is in San Francisco, CA, where the SBA Loan Officer salary is 25.0% above. The lowest SBA Loan Officer salary is in Miami, FL, where the SBA Loan Officer salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

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Understand the total compensation opportunity for a SBA Loan Officer, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
87322
112849
97730

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
99629
169355
136419
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of SBA Loan Officer in Jamestown, NY. The base salary for SBA Loan Officer ranges from $87,322 to $112,849 with the average base salary of $97,730. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $99,629 to $169,355 with the average total cash compensation of $136,419.
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87322
112849

 

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About Jamestown, New York    Jamestown is a city in southern Chautauqua County, New York, United States. The population was 31,146 at the 2010 census and was estimated at 29,591 i....More

Jamestown, New York  area prices were up 1.5% from a year ago    View the Cost of Living in Jamestown, New York

SBA Loan Officer Salary in popular cities: New York, Buffalo, Rochester

Skills associated with SBA Loan Officer: Cross-Selling, Prospecting, Banking Software, Specialty Lending ...More

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