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Loan Officer Small Business Administration Salary in Woodbury, TN

How much does a Loan Officer Small Business Administration make in Woodbury, TN?

$81,506 (USD)/year

Average Bonus

$3,692 (USD)

per Year
Total Compensation

$84,123.22

As of July, 23, 2026, the average loan officer small business administration gross salary in Woodbury, Tennessee is $81,506 or an equivalent hourly rate of $39. In addition, loan officer small business administrations earn an average bonus of $3,692. An entry level loan officer small business administration with 1-3 years of experience earns an average salary of $57,213. At the higher end of the pay range, a senior level loan officer small business administration with 8+ years of experience earns an average salary of $92,605. Salary estimates are based on salary survey data collected directly from employers in Woodbury, Tennessee.
Data powered by ERI

Salary Potential for a Loan Officer Small Business Administration

Explore the estimated salary growth for a Loan Officer Small Business Administration in Woodbury, TN for up to 5 years. The estimated salary of a Loan Officer Small Business Administration will be $83,609 in 1 year and $92,579 in 5 years.
View Salary by Year
Estimated Salary
$85,767
Average Growth
5.2 %
The estimated salary for a Loan Officer Small Business Administration in 2 years is $85,767, which is 5.2 % average growth. This information is based on ERI's compensation database.

Typical Loan Officer Small Business Administration Education

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Popular Skills for a Loan Officer Small Business Administration

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Cost of Living in Woodbury, TN

The cost of living in Woodbury, TN is 10% lower than the national average.
Cost of living trend lower
10% lower
than the national average
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Frequently Asked Questions

What does a Loan Officer Small Business Administration do?
Identifies and develops relationships with small business prospects, such as builders, doctors, lawyers, accountants, dentists, key business owners, and real estate vendors; finds opportunities to convert them into qualified referrals; and maintains business relationships with them. Interviews applicants, acquires specific information for loan applications, and studies, evaluates, and authorizes or recommends approval of customer applications for secured or unsecured small business loans and lines of credit. Analyzes applicants' financial status, credit, and property evaluation to determine feasibility of granting a loan; or may submit application to credit analyst for verification and recommendation.
How much does a Loan Officer Small Business Administration make in Woodbury, TN?
The average salary for a Loan Officer Small Business Administration is $81,506 per year or $39.19 per hour in Woodbury, TN. Top earners have reported making up to $92,605. However, the typical pay range in Woodbury, TN is between $57,213 and $92,605 annually.
What is the salary trajectory for a Loan Officer Small Business Administration?
Loan Officer Small Business Administration is projected to see a 13.6 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer? 
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career. 
What are some factors that impact Loan Officer Small Business Administration salaries? 
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.

About Our Data

This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.

ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.

Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.

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