SBA lender profile
Hanover Community Bank
Hanover Community Bank appears in the public SBA loan data with 685 funded 7(a) loans since FY2010, totaling $881.7M, an average of $1.3M per loan, and an estimated 11,152 jobs supported. Its SBA lending concentrates in New York and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 1.2%. 74.5% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 86
- Scale 91
- Activity 97
- Consistency 68
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Hanover Community Bank the right lender for you?
Lenders fund what they know. Hanover Community Bank's SBA lending concentrates in New York (213 loans) and Accommodation and Food Services (211 loans), at an average loan of $1.3M. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $2.4B
- Headquarters
- Garden City Park, NY
- FDIC cert
- #58675
- Status
- Active
Where Hanover Community Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| New York | 213 | $257.2M |
| New Jersey | 163 | $219.5M |
| Pennsylvania | 42 | $67.5M |
| Connecticut | 20 | $38.9M |
| California | 29 | $33.8M |
| Florida | 51 | $33.3M |
Metro areas where Hanover Community Bank funds
What Hanover Community Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 211 | $422.6M |
| Retail Trade | 99 | $113.7M |
| Other Services | 53 | $47.4M |
| Health Care and Social Assistance | 60 | $43.9M |
| Professional and Technical Services | 44 | $39.2M |
| Administrative and Support | 30 | $36.4M |
Hanover Community Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2015 | 15 | $30.9M |
| 2016 | 11 | $29.5M |
| 2017 | 22 | $58.5M |
| 2018 | 33 | $48.0M |
| 2019 | 51 | $82.5M |
| 2020 | 49 | $52.2M |
| 2021 | 62 | $62.3M |
| 2022 | 46 | $76.2M |
| 2023 | 119 | $139.0M |
| 2024 | 158 | $181.6M |
| 2025 | 111 | $112.7M |
| 2026 | 8 | $8.3M |
Related SBA lenders
Other lenders active in New York or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
Hanover Community Bank: frequently asked questions
Does Hanover Community Bank offer SBA loans?
Yes. Hanover Community Bank appears in the public SBA data with 685 funded SBA 7(a) loans totaling $881.7M.
How many SBA loans has Hanover Community Bank made?
Hanover Community Bank is associated with 685 SBA 7(a) loans totaling $881.7M in the public SBA data (as of 2026-03-31).
What is Hanover Community Bank's SBA charge-off rate?
About 1.2% of Hanover Community Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Hanover Community Bank do most of its SBA lending?
Hanover Community Bank's SBA lending in the data is most concentrated in New York, and by industry in Accommodation and Food Services.
Is Hanover Community Bank an SBA Preferred Lender (PLP)?
The loan record shows Hanover Community Bank operating under PLP delegated authority: 510 of its 7(a) loans (74.5%) were processed through the Preferred Lenders Program, including 256 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Hanover Community Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/hanover-community-bank/
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