SBA Loan Officer Salary in Rhode Island
SBA Loan Officer Salary in Rhode Island
How much does a SBA Loan Officer make in Rhode Island? The average SBA Loan Officer salary in Rhode Island is $107,991 as of April 24, 2024, but the range typically falls between $96,488 and $124,690. 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 | $86,015 | RI | April 24, 2024 |
| 25th Percentile SBA Loan Officer Salary | $96,488 | RI | April 24, 2024 |
| 50th Percentile SBA Loan Officer Salary | $107,991 | RI | April 24, 2024 |
| 75th Percentile SBA Loan Officer Salary | $124,690 | RI | April 24, 2024 |
| 90th Percentile SBA Loan Officer Salary | $139,894 | RI | April 24, 2024 |
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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.
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.
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.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
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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Northpointe Bank - , RIThe POWER of a CAREER. Northpointe Bank is seeking a detail oriented, customer service minded individual to join our Retail Lending Team. This position req...- 4 Days Ago
Select a city to view specific salary and bonus information for SBA Loan Officer
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Coventry, RI | Avg. Salary $108,301 | Date Updated April 24, 2024 |
| Location Cumberland, RI | Avg. Salary $108,508 | Date Updated April 24, 2024 |
| Location East Providence, RI | Avg. Salary $108,508 | Date Updated April 24, 2024 |
| Location Narragansett, RI | Avg. Salary $109,129 | Date Updated April 24, 2024 |
| Location Tiverton, RI | Avg. Salary $109,439 | Date Updated April 24, 2024 |
| Location Westerly, RI | Avg. Salary $110,060 | Date Updated April 24, 2024 |
| Location Woonsocket, RI | Avg. Salary $108,405 | Date Updated April 24, 2024 |
| Location Adamsville, RI | Avg. Salary $109,439 | Date Updated April 24, 2024 |
| Location Albion, RI | Avg. Salary $108,508 | Date Updated April 24, 2024 |
| Location Ashaway, RI | Avg. Salary $110,266 | Date Updated April 24, 2024 |
What does a SBA Loan Officer do?
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Level of Education for SBA Loan Officer
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 Rhode Island Rhode Island (/ˌroʊd -/ (listen)), officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United....More
Skills associated with SBA Loan Officer: Banking Products, Prospecting, Lending Regulatory Compliance, Loan Software ...More
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