As of May 18, 2021, the average salary for a Sba Loan Processor in Minnesota is $60,976 per year, which breaks down to an hourly rate of $29.
However, a Sba Loan Processor's salary can vary significantly. Here’s a look at the typical salary range:
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Sba Loan Processor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $63,434 | $5,286 | $1,220 | $30 |
| Average | $60,976 | $5,081 | $1,173 | $29 |
| 25th Percentile | $53,394 | $4,450 | $1,027 | $26 |
D.R. Horton, Inc - Lakeville, MN
Manufacturers Bank & Trust - Rochester, MN
Regional Finance Company of California LLC - TEMECULA, CA
Sun Loan Company - LUBBOCK, TX
A Sba Loan Processor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Sba Loan Processor's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Sba Loan ... Level Sba Loan Processor | $61,842 |
| Provision... Level Sba Loan Processor | $74,264 |
| Provision... Level Sba Loan Processor | $101,978 |
| Provision... Level Sba Loan Processor | $119,625 |
| Provision... Level Sba Loan Processor | $135,551 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Sba Loan Processors. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a Sba Loan Processor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $63,434 | $5,286 | $1,220 | $30 |
| Average | $60,976 | $5,081 | $1,173 | $29 |
| 25th Percentile | $53,394 | $4,450 | $1,027 | $26 |
Ready to take the next step in your career? Browse thousands of current Sba Loan Processor job openings on our job board. Use the search bar below to find your perfect match.
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