States Served
Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Full-Service Restaurants
- Limited-Service Restaurants
- Fitness and Recreational Sports Centers
- Snack and Nonalcoholic Beverage Bars
Quick Summary
Hanover Community Bank is an SBA-approved lender headquartered in Mineola, New York. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 552 SBA 7(a) loans totaling $630.7M, with an average loan size of $1.1M. They serve businesses across 41 states.
About Hanover Community Bank
Hanover Community Bank is an SBA-approved lender headquartered in Mineola, New York. Since 2020, they have approved 552 SBA 7(a) loans totaling $630.7M, with an average loan size of $1.1M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 41 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Hanover Community Bank an SBA Preferred Lender?
Yes, Hanover Community Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Hanover Community Bank approved?
According to SBA FOIA public records, Hanover Community Bank has approved 552 SBA 7(a) loans totaling $630.7M since 2020. Their average loan size is $1.1M.
What states does Hanover Community Bank serve?
Hanover Community Bank serves businesses in 41 states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin.
How do I apply for an SBA loan with Hanover Community Bank?
To apply for an SBA 7(a) loan with Hanover Community Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days