GOOD
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
STRONG
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
697
2011–2026
Total Volume
$894M
Gross loan amounts
States Active
41
With recorded loans
Programs
7(a) & 504
697 total segments
Hanover Community Bank has a strong focus on existing businesses, with 50% of their deals supporting established companies. This could be beneficial if you're looking to expand or refinance an existing operation.
With an average spread of P+2.45%, Hanover offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
Despite a significant volume of deals, Hanover's growth trend shows a 36% decline year-over-year. This may indicate a tightening in lending standards, which could affect your chances of approval.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 17 504 loans, which use fixed SBA debenture rates.
Top 15 of 41 states where Hanover Community Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Hotels & Accommodation
Accommodation & Food Services
Restaurants & Food Service
Accommodation & Food Services
Food & Beverage Stores
Retail Trade
Specialty Trade Contractors
Construction
Other Health Practitioners
Health Care & Social Assistance
Miscellaneous Retail
Retail Trade
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Administrative & Waste Services
Administrative & Waste Services
+ 7 more
All recorded SBA lending activity for Hanover Community Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| New York · Hotels & Accommodation · $2M – $5M | 7(a) | 20 | P+1.25% | $3.7M | Q2 2025 |
| New Jersey · Hotels & Accommodation · $2M – $5M | 7(a) | 17 | P+1.50% | $3.9M | Q4 2023 |
| Pennsylvania · Hotels & Accommodation · $2M – $5M | 7(a) | 14 | P+1.25% | $3.2M | Q1 2024 |
| New York · Specialty Trade Contractors · $150K – $350K | 7(a) | 10 | P+3.00% | $276K | Q2 2024 |
| New Jersey · Restaurants & Food Service · $500K – $1M | 7(a) | 10 | P+2.50% | $735K | Q3 2023 |
| New York · Restaurants & Food Service · $150K – $350K | 7(a) | 8 | P+2.75% | $232K | Q3 2024 |
| New York · Hotels & Accommodation · $1M – $2M | 7(a) | 8 | P+1.63% | $1.4M | Q2 2024 |
| New York · Restaurants & Food Service · $500K – $1M | 7(a) | 8 | P+2.25% | $729K | Q2 2024 |
| Connecticut · Hotels & Accommodation · $2M – $5M | 7(a) | 8 | P+1.38% | $3.3M | Q3 2023 |
| New York · Food & Beverage Stores · $1M – $2M | 7(a) | 7 | P+2.75% | $1.5M | Q2 2025 |
| New Jersey · Food & Beverage Stores · $500K – $1M | 7(a) | 7 | P+1.50% | $666K | Q2 2025 |
| New Jersey · Hotels & Accommodation · $1M – $2M | 7(a) | 7 | P+1.50% | $1.4M | Q4 2022 |
| New Jersey · Hotels & Accommodation · $500K – $1M | 7(a) | 5 | P+1.50% | $794K | Q1 2020 |
| Maryland · Hotels & Accommodation · $2M – $5M | 7(a) | 5 | P+1.25% | $4.2M | Q4 2023 |
| New Jersey · Auto Repair & Maintenance · $1M – $2M | 7(a) | 4 | P+2.00% | $1.3M | Q2 2023 |
| New York · Education · $500K – $1M | 7(a) | 4 | P+2.75% | $743K | Q2 2023 |
| New Jersey · Auto Repair & Maintenance · $150K – $350K | 7(a) | 4 | P+2.63% | $264K | Q1 2023 |
| New Jersey · Miscellaneous Retail · $350K – $500K | 7(a) | 4 | P+2.25% | $475K | Q1 2025 |
| New Jersey · Specialty Trade Contractors · $150K – $350K | 7(a) | 4 | P+2.00% | $298K | Q1 2022 |
| New York · Arts, Entertainment & Recreation · $1M – $2M | 7(a) | 4 | P+2.63% | $1.3M | Q3 2025 |
| Texas · Restaurants & Food Service · $500K – $1M | 7(a) | 4 | P+2.63% | $612K | Q4 2025 |
| New York · Management & IT Consulting · $150K – $350K | 7(a) | 4 | P+2.88% | $325K | Q1 2025 |
| New York · Manufacturing · $500K – $1M | 7(a) | 4 | P+2.13% | $673K | Q1 2025 |
| Connecticut · Hotels & Accommodation · $500K – $1M | 7(a) | 4 | P+1.38% | $708K | Q4 2023 |
| New York · Administrative & Waste Services · $2M – $5M | 7(a) | 4 | P+2.00% | $3.2M | Q3 2024 |
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