Bank · Garden City Park, NY
Hanover Community Bank
Made 31 SBA 7(a) change-of-ownership loans totaling $77.0M in FY2024 to FY2026: #112 of 1,054 lenders by loans and #57 by dollars. Lends in 16 states. Part of Hanover Bcorp Inc.
#112by loans, FY24–26
31loans
$77.0Mapproved
$2.2Mmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 9 | $30.3M | $3.7M | 0.2% |
| FY2025 | 15 | $36.1M | $2.2M | 0.2% |
| FY2026 | 7 | $10.5M | $991K | 0.1% |
Loan size
Deal size mix
74% of its loans were $1M or more.
- Under $350K0 loans · 0% · $0K
- $350K to $1M8 loans · 26% · $6.1M
- $1M to $2M4 loans · 13% · $5.1M
- $2M to $5M19 loans · 61% · $65.7M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Retail Trade | 10 | $20.9M |
| Accommodation & Food Services | 9 | $27.7M |
| Health Care & Social Assistance | 3 | $5.6M |
| Administrative & Support, Waste Mgmt | 2 | $8.0M |
| Other Services | 2 | $1.3M |
| Wholesale Trade | 1 | $3.2M |
| Professional, Scientific & Technical Services | 1 | $5.0M |
| Finance & Insurance | 1 | $1.0M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| New York | 7 | $13.1M |
| New Jersey | 5 | $15.3M |
| California | 4 | $5.1M |
| Arkansas | 2 | $3.8M |
| Indiana | 2 | $8.7M |
| Georgia | 1 | $3.2M |
| Florida | 1 | $2.5M |
| Alabama | 1 | $2.1M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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