How much does a SBA Loan Officer make in Maryland? The average SBA Loan Officer salary in Maryland is $106,399 as of March 26, 2024, but the range typically falls between $95,067 and $122,859. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile SBA Loan Officer Salary | $84,750 | MD | March 26, 2024 |
25th Percentile SBA Loan Officer Salary | $95,067 | MD | March 26, 2024 |
50th Percentile SBA Loan Officer Salary | $106,399 | MD | March 26, 2024 |
75th Percentile SBA Loan Officer Salary | $122,859 | MD | March 26, 2024 |
90th Percentile SBA Loan Officer Salary | $137,846 | MD | March 26, 2024 |
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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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Location | Avg. Salary | Date Updated |
---|---|---|
Location Dundalk, MD | Avg. Salary $106,090 | Date Updated March 26, 2024 |
Location Abell, MD | Avg. Salary $114,346 | Date Updated March 26, 2024 |
Location Aberdeen, MD | Avg. Salary $103,922 | Date Updated March 26, 2024 |
Location Aberdeen Proving Ground, MD | Avg. Salary $104,542 | Date Updated March 26, 2024 |
Location Abingdon, MD | Avg. Salary $104,026 | Date Updated March 26, 2024 |
Location Accident, MD | Avg. Salary $92,364 | Date Updated March 26, 2024 |
Location Accokeek, MD | Avg. Salary $114,655 | Date Updated March 26, 2024 |
Location Adamstown, MD | Avg. Salary $112,178 | Date Updated March 26, 2024 |
Location Allen, MD | Avg. Salary $109,702 | Date Updated March 26, 2024 |
Location Andrews Air Force Base, MD | Avg. Salary $114,862 | Date Updated March 26, 2024 |
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Agricultural Loan Officer | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the SBA Loan Officer salary of your education level.
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About Maryland Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the....More
Skills associated with SBA Loan Officer: Cross-Selling, Prospecting, Banking Software, Specialty Lending ...More
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Salary estimation for SBA Loan Officer at companies like : 913 South College, Central Coast Chapter of the California Council Of, Lakonia Holdings LLC