Hanover Community Bank
NY
SBA-approved lender offering 6 loan programs across 28 industries.
Key Metrics
Interest Rate
9.33%
2.58% over prime
Average Loan
$1.0M
Per approval
Total Approvals
111
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Industries Served (28)
Administration of Education ProgramsAdministrative Management and General Management Consulting ServicesAll Other Amusement and Recreation IndustriesAll Other Business Support ServicesAll Other Personal ServicesAll Other Professional, Scientific, and Technical ServicesBaked Goods StoresCommercial Gravure PrintingDance CompaniesDistilleriesEducational Support ServicesFitness and Recreational Sports CentersFull-Service RestaurantsHome Health Care ServicesHomes for the ElderlyHotels (except Casino Hotels) and MotelsIce Cream and Frozen Dessert ManufacturingInsurance Agencies and BrokeragesLandscaping ServicesLimited-Service RestaurantsMotor Vehicle TowingOffices of All Other Miscellaneous Health PractitionersOffices of ChiropractorsOffices of Mental Health Practitioners (except Physicians)Other Management Consulting ServicesPassenger Car RentalSnack and Nonalcoholic Beverage BarsSports Teams and Clubs
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.58%
- Effective Rate
- 9.33%
- Fiscal Year
- 2025
- States Served
- NY
- Website
- hanoverbank.com
Ready to apply with Hanover Community Bank?
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