Hanover Community Bank
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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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (28 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Hanover Community Bank ranks #108 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Hanover Community Bank’s 7(a) acquisition lending falls in the $2M-$3M range: 8 loans, 28.6% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $500K-$1M | 4 | 14.3% | |
| $1M-$2M | 6 | 21.4% | |
| $2M-$3M | 8 | 28.6% | |
| $3M-$4M | 4 | 14.3% | |
| $4M-$5M | 6 | 21.4% |
Industries with highest loan volume
Hotels (except Casino Hotels) and Motels
6
loans
$3.5M
avg. amount
Assisted Living Facilities for the Elderly
3
loans
$1.9M
avg. amount
Beer, Wine, and Liquor Retailers
3
loans
$1.6M
avg. amount
Gasoline Stations with Convenience Stores
3
loans
$2.9M
avg. amount
Automotive Body, Paint, and Interior Repair and Maintenance
2
loans
$1.1M
avg. amount
Full-Service Restaurants
1
loans
$5.0M
avg. amount
Collection Agencies
1
loans
$5.0M
avg. amount
Other Services to Buildings and Dwellings
1
loans
$3.0M
avg. amount
Insurance Agencies and Brokerages
1
loans
$1.0M
avg. amount
Engineering Services
1
loans
$5.0M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Hanover Community Bank’s median variable rate is + 2.00%, against a market median of Prime + 1.88%, 13 above market.
It priced below the market median in 5 of the last 8 quarters.
| Loan Size | Avg Rate |
|---|---|
| $500K-$1M | Prime + 2.44% |
| $1M-$2M | Prime + 2.33% |
| $2M-$3M | Prime + 1.97% |
| $3M-$4M | Prime + 2.06% |
| $4M-$5M | Prime + 1.71% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q1 '19 | Prime + 1.25% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q2 '19 | Prime + 1.13% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 4 |
| Q3 '19 | Prime + 1.25% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
| Q1 '21 | Prime + 2.75% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 3 |
| Q2 '24 | Prime + 1.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
| Q4 '24 | Prime + 2.50% | Prime + 2.25% | Prime + 1.50% – Prime + 2.75% | 4 |
| Q2 '25 | Prime + 1.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 5 |
| Q3 '25 | Prime + 2.38% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
Hanover Community Bank has originated 7(a) acquisition loans in 15 states, most actively in New York (5), New Jersey (5) and California (4). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| New York | 5 | 17.9% |
| New Jersey | 5 | 17.9% |
| California | 4 | 14.3% |
| Indiana | 2 | 7.1% |
| Arkansas | 2 | 7.1% |
| Alabama | 1 | 3.6% |
| Pennsylvania | 1 | 3.6% |
| Georgia | 1 | 3.6% |
| North Carolina | 1 | 3.6% |
| Florida | 1 | 3.6% |
| Utah | 1 | 3.6% |
| Texas | 1 | 3.6% |
| Michigan | 1 | 3.6% |
| Illinois | 1 | 3.6% |
| Virginia | 1 | 3.6% |
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