47 SBA loans worth $16.8M went to businesses in Hanover, MA between October 2021 and June 2026, from 23 lenders. Eastern Bank made the most, 11 loans. The median loan was $120,000, compared with $145,000 across Massachusetts, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 11 | $2.6M | $189,000 | 18% |
| 2 | Rockland Trust Bank · Rockland, MA | 5 | $1.6M | $50,000 | 40% |
| 3 | Huntington National Bank Bank · Columbus, OH | 3 | $556K | $196,000 | 67% |
| 4 | Newtek Bank Bank · Miami, FL | 3 | $140K | $25,000 | 0% |
| 5 | TD Bank Bank · Wilmington, DE | 2 | $2.5M | $1,272,500 | 0% |
| 6 | Live Oak Banking Bank · Wilmington, NC | 2 | $2.5M | $1,250,000 | 0% |
| 7 | Bay Colony Development Certified development company · Waltham, MA | 2 | $484K | $242,000 | 0% |
| 8 | Santander Bank Bank · Wilmington, DE | 2 | $150K | $75,000 | 100% |
| 9 | South Shore Bank Bank · South Weymouth, MA | 2 | $150K | $75,000 | 0% |
| 10 | Salem Five Cents Savings Bank Bank · Salem, MA | 2 | $140K | $70,000 | 0% |
| 11 | Climate First Bank Bank · St. Petersburg, FL | 1 | $1.4M | $1,418,000 | 100% |
| 12 | VelocitySBA Non-bank lender · Irving, TX | 1 | $1.4M | $1,412,000 | 100% |
| 13 | New England Certified Development Certified development company · Wakefield, MA | 1 | $910K | $910,000 | 0% |
| 14 | Hanover Community Bank Bank · Garden City Park, NY | 1 | $629K | $629,000 | 100% |
| 15 | Customers Bank Bank · Malvern, PA | 1 | $418K | $418,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 11 | $300,000 | Eastern Bank | |
| Health care and social assistance | 10 | $82,500 | Eastern Bank | |
| Construction | 7 | $100,000 | Eastern Bank | |
| Arts, entertainment and recreation | 4 | $372,000 | Hanover Community Bank | |
| Manufacturing | 4 | $123,000 | Huntington National Bank | |
| Retail | 3 | $50,000 | Rockland Trust | |
| Professional and technical services | 2 | $1,297,500 | Webster Bank | |
| Real estate and rental | 2 | $242,500 | Celtic Bank |