Lenders › Hanover Community Bank
7(a) lenderMineola, New YorkFDIC-insured bank79th of 2,184 by approvals
Hanover Community Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Hanover Community Bank, based in Mineola, New York, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 496 of its 7(a) loans worth $572M in FY2021 to FY2025, which places it 79th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 111 approvals totalling $113M, down 30% on FY2024 (158). FY2026 to 30 Jun 2026 adds 12 more.
The median approval was $563K, against $190K for the 7(a) program as a whole; 13.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 40 states and territories and 186 counties, led by New York (29.8%), New Jersey (16.5%) and Florida (10.1%). The largest industry group was accommodation and food services at 25.0% of approvals, and 18.3% of approvals were to franchise businesses.
Of 222 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (2.7%), 113 as paid in full and 103 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 12 | $12.0M | $516K | $1.0M | 108 |
| FY2025 | 111 | $113M | $414K | $1.0M | 1,440 |
| FY2024 | 158 | $182M | $620K | $1.1M | 2,507 |
| FY2023 | 119 | $139M | $514K | $1.2M | 2,099 |
| FY2022 | 46 | $76.2M | $1.2M | $1.7M | 615 |
| FY2021 | 62 | $62.3M | $600K | $1.0M | 1,167 |
| FY2020 | 49 | $52.2M | $745K | $1.1M | 722 |
| FY2019 | 51 | $82.5M | $1.0M | $1.6M | 828 |
| FY2018 | 33 | $48.0M | $700K | $1.5M | 654 |
| FY2017 | 22 | $58.5M | $3.0M | $2.7M | 593 |
| FY2016 | 11 | $29.5M | $2.1M | $2.7M | 119 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 166 approvals. First approval on file: FY2015.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | New York | 7(a) program |
|---|---|---|---|
| Approvals in these years | 243 | 39,899 | 639,905 |
| Cancelled or never disbursed | 21 | 5,223 | 79,313 |
| Disbursed loans | 222 | 34,676 | 560,592 |
| Paid in full | 113 | 26,873 | 435,813 |
| Charged off | 6 | 2,802 | 36,891 |
| Still outstanding (status exempt from disclosure) | 103 | 5,001 | 87,888 |
| Charged off, share of disbursed loans | 2.7% | 8.1% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.4% | 3.2% | 2.5% |
| Dollars charged off | $4.9M | $312M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 56 | 16 | 1 | 1.8% | 2.8% |
| FY2020 | 47 | 23 | 0 | 0.0% | 4.0% |
| FY2019 | 44 | 33 | 0 | 0.0% | 6.7% |
| FY2018 | 31 | 15 | 2 | 6.5% | 7.9% |
| FY2017 | 21 | 12 | 1 | — | 7.7% |
| FY2016 | 11 | 3 | 2 | — | 7.2% |
| FY2015 | 12 | 11 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $563K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 13.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 44.2% | 34.3% |
| Approvals to franchise businesses | 18.3% | 11.5% |
| Jobs supported per approval, as reported | 15.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.7% | 6.6% |
States served
| # | State of the business (40 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New York | 148 | $144M | 29.8% | |
| 2 | New Jersey | 82 | $106M | 16.5% | |
| 3 | Florida | 50 | $33.2M | 10.1% | |
| 4 | Texas | 31 | $27.8M | 6.3% | |
| 5 | California | 30 | $34.1M | 6.0% | |
| 6 | Pennsylvania | 24 | $24.4M | 4.8% | |
| 7 | Connecticut | 9 | $17.1M | 1.8% | |
| 8 | Georgia | 9 | $15.1M | 1.8% | |
| 9 | Massachusetts | 9 | $6.3M | 1.8% | |
| 10 | Maryland | 8 | $21.4M | 1.6% | |
| 11 | Virginia | 8 | $15.4M | 1.6% | |
| 12 | North Carolina | 7 | $12.2M | 1.4% |
In New York the lender accounts for 0.8% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (186 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Miami-Dade County, FL | 29 | $8.7M | 5.8% | |
| 2 | New York County, NY | 28 | $23.8M | 5.6% | |
| 3 | Suffolk County, NY | 27 | $27.1M | 5.4% | |
| 4 | Nassau County, NY | 24 | $24.8M | 4.8% | |
| 5 | Queens County, NY | 19 | $11.3M | 3.8% | |
| 6 | Kings County, NY | 17 | $16.2M | 3.4% | |
| 7 | Monmouth County, NJ | 14 | $8.5M | 2.8% | |
| 8 | Union County, NJ | 10 | $19.5M | 2.0% | |
| 9 | Bronx County, NY | 8 | $10.0M | 1.6% | |
| 10 | Middlesex County, NJ | 8 | $9.9M | 1.6% | |
| 11 | Los Angeles County, CA | 8 | $9.9M | 1.6% | |
| 12 | San Diego County, CA | 7 | $9.2M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 124 | 25.0% | |
| 2 | Retail Trade | 68 | 13.7% | |
| 3 | Health Care and Social Assistance | 53 | 10.7% | |
| 4 | Other Services (except Public Administration) | 41 | 8.3% | |
| 5 | Professional, Scientific, and Technical Services | 35 | 7.1% | |
| 6 | Construction | 35 | 7.1% | |
| 7 | Arts, Entertainment, and Recreation | 30 | 6.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 22 | 4.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 59 | 11.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 57 | 11.5% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 25 | 5.0% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 19 | 3.8% | |
| 5 | Home Health Care ServicesNAICS 6216 | 16 | 3.2% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 11 | 2.2% | |
| 7 | General Freight TruckingNAICS 4841 | 10 | 2.0% | |
| 8 | Specialty Food StoresNAICS 4452 | 10 | 2.0% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 10 | 2.0% | |
| 10 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 10 | 2.0% |
Approval sizes
- $50,000 or less1.4%7
- $50,001 to $150,00012.5%62
- $150,001 to $350,00023.0%114
- $350,001 to $1 million29.2%145
- $1 million to $2 million14.3%71
- Over $2 million19.6%97
Loan terms
- Over 5 to 10 years56.3%279
- Over 10 to 20 years12.9%64
- Over 20 years30.8%153
Age of the businesses
- Existing, more than 2 years old47.0%233
- New business, 2 years or less13.1%65
- Startup, loan funds will open the business31.0%154
- Change of ownership8.7%43
- Not answered0.2%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 396 | 79.8% | |
| 2 | 7a General | 59 | 11.9% | |
| 3 | SBA Express Program | 38 | 7.7% | |
| 4 | International Trade Loans | 2 | 0.4% | |
| 5 | Working Capital CAPLine | 1 | 0.2% |
Franchise share
91 of 496 approvals in FY2021–FY2025 (18.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Rita's Ice-Custard-Happiness | 5 | 1.0% | |
| 2 | Red Roof Inn | 4 | 0.8% | |
| 3 | Oola Bowls | 4 | 0.8% | |
| 4 | Matto Expresso | 4 | 0.8% | |
| 5 | Motel 6 | 3 | 0.6% | |
| 6 | Dunkin' | 3 | 0.6% | |
| 7 | Carpet One Floor & Home | 3 | 0.6% | |
| 8 | Maaco | 3 | 0.6% |
Questions and answers
How many SBA loans does Hanover Community Bank make?
SBA approved 111 7(a) loans through Hanover Community Bank in FY2025, worth $113M, and 496 over FY2021 to FY2025. That ranks 79th of 2,184 active 7(a) lenders by number of approvals.
How large are Hanover Community Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $563K and the average $1.2M. The program-wide median was $190K.
What is Hanover Community Bank's charge-off rate?
Of 222 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (2.7%), 113 as paid in full and 103 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Hanover Community Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (59); traveler accommodation (57); other amusement and recreation industries (25); automotive repair and maintenance (19).
Where does Hanover Community Bank make SBA loans?
In 40 states and territories. New York 148, New Jersey 82, Florida 50, Texas 31, California 30. In New York it accounts for 0.8% of all 7(a) approvals.
Is Hanover Community Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 388, against 157 in the three before: rising (+147%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error