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Hanover Community Bank provides personal, commercial, and business banking services across Long Island, NYC, and New Jersey. The bank offers comprehensive financial solutions including multi-family mortgages, commercial real estate loans, residential loans, and business lending with personalized service.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
contracting
As Of March 31, 2026
Median
$2.4M
Average
$2.8M
Sweet Spot
$4M-$5M
Industries with highest loan volume
Hotels (except Casino Hotels) and Motels
7
loans
$3.3M
avg. amount
Hotels (except Casino Hotels) and Motels
Loans
7
Avg. Amount
$3.3M
Gasoline Stations with Convenience Stores
5
loans
$3.8M
avg. amount
Gasoline Stations with Convenience Stores
Loans
5
Avg. Amount
$3.8M
Beer, Wine, and Liquor Retailers
4
loans
$1.4M
avg. amount
Beer, Wine, and Liquor Retailers
Loans
4
Avg. Amount
$1.4M
Assisted Living Facilities for the Elderly
3
loans
$1.5M
avg. amount
Assisted Living Facilities for the Elderly
Loans
3
Avg. Amount
$1.5M
Collection Agencies
3
loans
$5.0M
avg. amount
Collection Agencies
Loans
3
Avg. Amount
$5.0M
General Freight Trucking, Local
2
loans
$2.3M
avg. amount
General Freight Trucking, Local
Loans
2
Avg. Amount
$2.3M
Automotive Body, Paint, and Interior Repair and Maintenance
2
loans
$1.1M
avg. amount
Automotive Body, Paint, and Interior Repair and Maintenance
Loans
2
Avg. Amount
$1.1M
Baked Goods Retailers
2
loans
$1.1M
avg. amount
Baked Goods Retailers
Loans
2
Avg. Amount
$1.1M
Pharmacies and Drug Retailers
1
loans
$1.3M
avg. amount
Pharmacies and Drug Retailers
Loans
1
Avg. Amount
$1.3M
General Line Grocery Merchant Wholesalers
1
loans
$3.2M
avg. amount
General Line Grocery Merchant Wholesalers
Loans
1
Avg. Amount
$3.2M
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $500K-$1M | Prime + 2.38% |
| $1M-$2M | Prime + 2.32% |
| $2M-$3M | Prime + 2.06% |
| $3M-$4M | Prime + 2.06% |
| $4M-$5M | Prime + 1.77% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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