SBA Loan Officer Salary in Richmond, Virginia
SBA Loan Officer Salary in Richmond, VA
How much does a SBA Loan Officer make in Richmond, VA? The average SBA Loan Officer salary in Richmond, VA is $100,414 as of March 26, 2024, but the range typically falls between $89,719 and $115,948. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile SBA Loan Officer Salary | $79,982 | Richmond,VA | March 26, 2024 |
| 25th Percentile SBA Loan Officer Salary | $89,719 | Richmond,VA | March 26, 2024 |
| 50th Percentile SBA Loan Officer Salary | $100,414 | Richmond,VA | March 26, 2024 |
| 75th Percentile SBA Loan Officer Salary | $115,948 | Richmond,VA | March 26, 2024 |
| 90th Percentile SBA Loan Officer Salary | $130,091 | Richmond,VA | March 26, 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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CapCenter - Richmond, VACapCenter is looking for a Loan Advisor to help pursue our mission: simplifying the homeownership journey with consolidated services, transparent pricing, ...- 5 Days Ago
What does a SBA Loan Officer do?
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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.
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About Richmond, Virginia
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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 Richmond, Virginia Richmond (/ˈrɪtʃmənd/) is the capital of the Commonwealth of Virginia in the United States. It is the center of the Richmond Metropolitan Statistical ....More
Richmond, Virginia area prices were up 1.2% from a year ago View the Cost of Living in Richmond, Virginia
SBA Loan Officer Salary in popular cities: Virginia Beach, Norfolk, Chesapeake
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