Bank · Garden City Park, NY
Hanover Community Bank: SBA lending profile
#99
National rank by loans
Hanover Community Bank approved 446 SBA loans worth $521.6M between October 2021 and June 2026, ranking #99 of 2,283 SBA lenders nationally by loan count. Its median loan was $555,500, and 47% went to startups or businesses under two years old. It lent in 40 states, most often in New York, and its most financed industry was restaurants and hotels.
SBA loans per fiscal year
0 67 133 200 FY14 FY15: 15 loans FY15 FY16: 11 loans FY16 FY17: 22 loans FY17 FY18: 33 loans FY18 FY19: 51 loans FY19 FY20: 49 loans FY20 FY21: 62 loans FY21 FY22: 46 loans FY22 FY23: 119 loans FY23 FY24: 158 loans FY24 158 FY25: 111 loans FY25 FY26 (Oct to Jun): 12 loans FY26 12 Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Where Hanover Community Bank lends
State Loans Approved Median loan Rank in state
New York 121 $126.5M $500,000 #24 New Jersey 56 $72.6M $675,000 #32 Florida 50 $29.3M $350,000 #69 Texas 33 $28.5M $502,000 #107 California 29 $34.0M $700,000 #112 Pennsylvania 22 $22.1M $435,500 #61 Massachusetts 9 $6.3M $658,400 #80 Georgia 9 $15.1M $435,000 #117 Virginia 9 $18.0M $1,800,000 #77 Colorado 8 $6.5M $512,500 #104 Maryland 8 $19.1M $1,405,500 #66 North Carolina 7 $12.2M $975,000 #93 Connecticut 7 $15.2M $1,500,000 #49 Illinois 7 $7.3M $500,000 #124 South Carolina 7 $7.9M $1,400,000 #63
Industries Hanover Community Bank finances
Industry Loans Share Median loan
Restaurants and hotels 111
$1,140,000 Retail 60
$592,500 Health care and social assistance 49
$200,000 Other services (repair, personal care) 37
$450,000 Professional and technical services 33
$350,000 Arts, entertainment and recreation 29
$707,500 Construction 27
$350,000 Administrative and support services 23
$435,000 Transportation and warehousing 17
$896,000 Manufacturing 15
$989,500
Loan size mix
Under $150,000 10% $150,000 to $500,000 35% $500,000 to $2 million 34% $2 million and up 21% Loan programs used
Preferred Lender (PLP) 85% Standard 7(a) 9% SBA Express 5% International Trade Loans 0%
Bank financials · Q2 2026
Total assets
$2.3B
Return on assets (annualized)
0.63%
Tier 1 capital to assets
9.2%
Business (C&I) loans
$150.4M
Noncurrent loans
1.43%
Uninsured deposits
41%
From the bank's FDIC call report. Shown for context, not as a rating. FDIC certificate 58675.
Loan terms
Median initial rate, FY2025 to date
10.25%
Variable-rate share
99%
Median term
10 years
Startups and new businesses
47%
Charge-off rate, 2010 to 2019 loans now closed
6.3%
Is Hanover Community Bank right for your loan?
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Get a Lender Match Figures come from the SBA's public loan records and describe loans the SBA approved, not applications or the lender's full business.
Methodology