Hanover Community Bank
Headquartered in Mineola, NY. Analysis based on 552 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $630.7M.
Total 7(a) loans
552
Total approved
$630.7M
Average loan
$1.1M
States funded in
41
Charge-off rate
0.36%
FY2020–FY2023 cohort
Paid-in-full rate
16.67%
Average rate
9.30%
Average term
179 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 68 |
| 722511 | Full-Service Restaurants | 26 |
| 722513 | Limited-Service Restaurants | 22 |
| 713940 | Fitness and Recreational Sports Centers | 19 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 18 |
| 621610 | Home Health Care Services | 17 |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 12 |
| 524210 | Insurance Agencies and Brokerages | 10 |
| 484110 | General Freight Trucking, Local | 9 |
| 561730 | Landscaping Services | 8 |
Top 10 states
| State | Loans |
|---|---|
| NY | 158 |
| NJ | 113 |
| FL | 51 |
| TX | 33 |
| CA | 30 |
| PA | 29 |
| CT | 11 |
| VA | 9 |
| MD | 9 |
| MA | 9 |
Top franchise brands financed
100 franchise loans across 67 distinct brands.
| Franchise | Loans |
|---|---|
| Rita's Ice-Custard-Happiness | 5 |
| Red Roof Inn | 4 |
| Oola Bowls | 4 |
| Dunkin' Donuts | 4 |
| Matto Expresso | 4 |
| Motel 6 | 3 |
| Carpet One Floor & Home®, by C | 3 |
| Maaco | 3 |
| Rodeway Inn by Choice Hotels/R | 2 |
| Quality Inn by Choice Hotels / | 2 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.