GetFundedUSA › SBA Lenders › Hanover Community Bank
Hanover Community Bank
Mineola, NY · High-Volume Lender · National rank #80
Hanover Community Bank approved 111 SBA 7(a) loans in FY2025, ranking #80 nationally by loan volume. Its average loan size was about $1,015,745, with the most activity in Florida, New York, and Texas.
Hanover Community Bank, headquartered in Mineola, NY, is an active participant in the SBA 7(a) loan program. According to FY2025 SBA 7(a) lender activity data, Hanover Community Bank approved 111 SBA 7(a) loans totaling $112,747,700 in gross approved dollars during the fiscal year. Of that amount, $84,825,615 was backed by SBA guaranty, reflecting the government-guaranteed portion of the loans issued through this program.
The average loan size approved by Hanover Community Bank in FY2025 was $1,015,745, which places the bank among lenders issuing larger-than-average SBA 7(a) loans relative to many community lenders. Nationally, Hanover Community Bank ranked #80 by SBA 7(a) loan volume in FY2025, indicating a mid-tier position among all participating SBA lenders that year.
Geographically, Hanover Community Bank's SBA lending activity in FY2025 was most concentrated in Florida (20 loans), New York (13 loans), and Texas (11 loans). Beyond these top three states, the bank's FY2025 SBA loan activity extended across a broad footprint of states, including New Jersey, California, Georgia, Virginia, Massachusetts, Pennsylvania, Colorado, Montana, North Carolina, Utah, Arkansas, Illinois, Minnesota, Ohio, Connecticut, Indiana, Kansas, Maine, South Carolina, Washington, Michigan, Tennessee, Oklahoma, Arizona, and Louisiana. This distribution suggests the bank operates as a multi-state SBA lender rather than being confined solely to its New York headquarters region. All figures above are drawn exclusively from FY2025 SBA 7(a) lender activity data.
Where Hanover Community Bank lends
| State | Loans | Dollars |
|---|---|---|
| New Jersey | 9 | $24,620,000 |
| New York | 13 | $13,621,000 |
| Florida | 20 | $10,755,000 |
| Georgia | 6 | $8,967,000 |
| California | 9 | $7,014,600 |
| Virginia | 5 | $5,626,500 |
| Texas | 11 | $4,746,800 |
| North Carolina | 2 | $4,215,000 |
| Utah | 2 | $4,200,000 |
| Connecticut | 1 | $3,997,000 |
| Arkansas | 2 | $3,823,200 |
| Indiana | 1 | $3,348,900 |
| Massachusetts | 5 | $2,971,000 |
| Colorado | 3 | $2,905,000 |
| Montana | 3 | $2,304,000 |
Questions people ask
Is Hanover Community Bank an SBA lender?
Yes, Hanover Community Bank participated in the SBA 7(a) loan program in FY2025.
How many SBA 7(a) loans did Hanover Community Bank approve in FY2025?
According to FY2025 SBA data, Hanover Community Bank approved 111 SBA 7(a) loans.
What was the total dollar amount of loans approved?
Hanover Community Bank approved a total of $112,747,700 in SBA 7(a) loans in FY2025.
What is Hanover Community Bank's average SBA loan size?
The average SBA 7(a) loan size for Hanover Community Bank in FY2025 was $1,015,745.
How much of the loan volume was SBA-guaranteed?
SBA guaranty dollars totaled $84,825,615 of the approved loan volume in FY2025.
Where is Hanover Community Bank headquartered?
Hanover Community Bank is headquartered in Mineola, NY.
Where is Hanover Community Bank most active with SBA lending?
In FY2025, the bank's top states were Florida (20 loans), New York (13 loans), and Texas (11 loans).
Is Hanover Community Bank a national or regional SBA lender?
Based on FY2025 data showing loans across 28 states, Hanover Community Bank operates as a multi-state, broadly national SBA lender rather than a strictly regional one.
How does Hanover Community Bank rank by SBA loan volume?
Hanover Community Bank ranked #80 nationally by SBA 7(a) loan volume in FY2025.
How many states did Hanover Community Bank serve in FY2025?
FY2025 SBA data shows Hanover Community Bank issued loans in 28 states.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Hanover Community Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.