BLS OEWS May 2025
SBA Loan Processor and Closer salary, Rhode Island
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For a SBA Loan Processor and Closer pay comparison in Rhode Island, BLS reports a median annual wage of $51,560 for Loan Interviewers and Clerks (SOC 43-4131, May 2025). This is the mapped occupation's benchmark, not a separate title-specific survey. That is $1,540 (3.1%) above the U.S. median of $50,020.
Broader occupation
BLS reports SBA Loan Processor and Closer within a broader occupation. It does not publish separate wages for this exact title, credentials, seniority or industry. Compare the listed SOC duties with your actual role before using this range.
| Percentile | Wage | What it means |
|---|---|---|
| 10th | $31,450 | 10% of workers in this occupation and area earned less than this. |
| 25th | $45,140 | 25% earned less than this. |
| Median | $51,560 | Half earned less and half earned more. |
| 75th | $61,280 | 75% earned less than this. |
| 90th | $65,570 | 90% earned less than this. |
| Mean | $52,410 | Average wage across all workers. |
| Percentile | Wage | What it means |
|---|---|---|
| 10th | $37,330 | 10% of workers in this occupation and area earned less than this. |
| 25th | $45,120 | 25% earned less than this. |
| Median | $50,020 | Half earned less and half earned more. |
| 75th | $60,600 | 75% earned less than this. |
| 90th | $69,770 | 90% earned less than this. |
| Mean | $52,520 | Average wage across all workers. |
What BLS wages include and exclude
Wages for the OEWS survey are straight-time, gross pay, exclusive of premium pay. Base rate; cost-of-living allowances; guaranteed pay; hazardous-duty pay; incentive pay, including commissions and production bonuses; and tips are included. Excluded are overtime pay, severance pay, shift differentials, nonproduction bonuses, employer cost for supplementary benefits, and tuition reimbursements.
- Employment, area
- 650
- Location quotient
- 1.23
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, released 2026-05-15. SOC 43-4131 Loan Interviewers and Clerks, Rhode Island, RI. BLS source tables and downloads; release notes. Select this SOC and area in the source files; the tables index is not an exact-row link.
What changed since May 2024
| Release | Median |
|---|---|
| BLS OEWS May 2024 | $52,670 |
| BLS OEWS May 2025 | $51,560 |
The published medians differ by $1,110. Sources: U.S. Bureau of Labor Statistics, OEWS May 2024 and May 2025. This is not an annualized growth claim. Area definitions and the workers represented can change.
What belongs in the pay comparison
OEWS includes straight-time gross wages, guaranteed pay, commissions and production bonuses. It excludes overtime, shift differentials, nonproduction bonuses and employer-paid benefits. It is neither pure base salary nor total compensation. A discretionary annual, retention or sign-on bonus is not the same as a production bonus. Ask what earns each payment before comparing the offer with this table. Equity is separate from the cash wage shown here. State those terms alongside base pay; the BLS percentile does not price them for you.
Recruiter's read
Qualitative view from our desk. Not BLS data.
For SBA Loan Processor and Closer, discuss the work behind these requirements: SBA 7(a) and 504 packaging; E-Tran submission; SOP 50 10 requirements and the SBA authorization closing checklist. Ask what the person completed themselves and what a manager or specialist reviewed. A system name on a resume does not establish depth in that workflow. The BLS figure describes the listed occupation, not a separately measured rate for this exact opening.
Common questions
Which median is used when comparing pay for SBA Loan Processor and Closer?
$51,560 is the annual median for Loan Interviewers and Clerks (SOC 43-4131) in Rhode Island, RI, based on BLS May 2025. It is an occupation benchmark, not a separate compensation survey for this hiring title.
What does the middle half of workers earn?
The 25th percentile is $45,140 and the 75th percentile is $61,280 in Rhode Island, RI. That is where the middle half of workers in this occupation fall.
How many people work in this occupation?
BLS estimates 650 workers in Loan Interviewers and Clerks in Rhode Island, RI.
What does the upper percentile show?
The 90th percentile for Loan Interviewers and Clerks is $65,570. 10% of workers in this occupation and area earned more.
Does BLS publish this exact title?
BLS reports SBA Loan Processor and Closer within a broader occupation. It does not publish separate wages for this exact title, credentials, seniority or industry. Compare the listed SOC duties with your actual role before using this range.
Related areas and roles
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SBA Loan Processor and Closer in Rhode Island, from BLS data.
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BLS OEWS May 2025, released 2026-05-15. These are published occupation estimates, not a quote for an exact niche title. Tool calculations use BLS values or your inputs, not predictions.