SBA Loan Officer Salary in Binghamton, New York

SBA Loan Officer Salary in Binghamton, NY

How much does a SBA Loan Officer make in Binghamton, NY? The average SBA Loan Officer salary in Binghamton, NY is $99,485 as of March 26, 2024, but the range typically falls between $88,889 and $114,875. 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 $79,243 Binghamton,NY March 26, 2024
25th Percentile SBA Loan Officer Salary $88,889 Binghamton,NY March 26, 2024
50th Percentile SBA Loan Officer Salary $99,485 Binghamton,NY March 26, 2024
75th Percentile SBA Loan Officer Salary $114,875 Binghamton,NY March 26, 2024
90th Percentile SBA Loan Officer Salary $128,888 Binghamton,NY March 26, 2024
25% $88,889 10% $79,243 90% $128,888 75% $114,875 $99,485 50%(Median) Didn’t find job title? Click
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Check out SBA Loan Officer Job Openings in Binghamton, New York

Mortgage Loan Officer - Homebuilder

StraussGroup - Executive Search Consultants - Rochester, NY

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Mortgage Loan Officer

Royal Business Bank - , NY

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SBA Lending Officer

First Central Savings Bank - Glen Cove, NY

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SBA Business Development Officer

MRINetwork Jobs - New York, NY

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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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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 Binghamton, NY
  • StraussGroup - Executive Search Consultants - Rochester, NY
    As a. Mortgage Loan Officer. you will assume full responsibility to guide new home purchasers through the loan process from loan application to loan approv...
    - 4 Days Ago
  • Royal Business Bank - , NY
    JOB SUMMARY. Responsible for soliciting, negotiating, underwriting and coordinating the closing of mortgage loans in compliance with the Bank’s lending pol...
    - 5 Days Ago
  • First Central Savings Bank - Glen Cove, NY
    Job Description. Job Description. This is not a remote position. Purpose: The SBA Lending Officer is responsible for generating new loan opportunities, wit...
    - 2 Days Ago
  • MRINetwork Jobs - New York, NY
    Job Description. Job Description. Excellent opportunity for a seasoned SBA Business Development Officer with a very successful national financial instituti...
    - 2 Days Ago
  • Interstate Home Loan Center - NMLS 56315 - Melville, NY
    Job Description. Job Description. We are looking to add multiple Inside Licensed Loan Officers to our growing team. Salary, plus commission. Leads provided...
    - 3 Days Ago
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

 
 
 
88889
114875
99485

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
101417
172395
138868
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 Binghamton, NY. The base salary for SBA Loan Officer ranges from $88,889 to $114,875 with the average base salary of $99,485. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $101,417 to $172,395 with the average total cash compensation of $138,868.
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88889
114875

 

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About Binghamton, New York    Binghamton /ˈbɪŋəmtən/ is a city in, and the county seat of, Broome County, New York, United States. It lies in the state's Southern Tier region near ....More

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

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

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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