Hanover Community Bank
34 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 34
- Total approved
- $80.7M
- Median loan
- $2.1M
- Middle half of loans
- $1.0M to $3.4M
- Median starting rate
- 9.75%
- Median term
- 15 yrs
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Where the approvals cluster
The SBA file shows approvals across 20 industries and 17 states and territories. The largest industry by count was Hotels (except Casino Hotels) and Motels (7 of 34 approvals). New York had the highest count among recorded project locations (8).
The median approved loan was $2.1M versus $707K across the index for FY2024–FY2026. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 7 | 21% | $2.6M | $21.7M |
| 2 | Gasoline Stations with Convenience Stores | 3 | 9% | $2.2M | $8.8M |
| 3 | Assisted Living Facilities for the Elderly | 3 | 9% | $2.1M | $5.6M |
| 4 | Beer, Wine, and Liquor Retailers | 3 | 9% | $790K | $4.9M |
| 5 | Full-Service Restaurants | 2 | 6% | $3.4M | $6.9M |
| 6 | Limited-Service Restaurants | 2 | 6% | $810K | $1.6M |
| 7 | Collection Agencies | 1 | 3% | $5.0M | $5.0M |
| 8 | Engineering Services | 1 | 3% | $5.0M | $5.0M |
| 9 | All Other Miscellaneous Retailers | 1 | 3% | $4.0M | $4.0M |
| 10 | General Line Grocery Merchant Wholesalers | 1 | 3% | $3.2M | $3.2M |
| 11 | Other Services to Buildings and Dwellings | 1 | 3% | $3.0M | $3.0M |
| 12 | General Freight Trucking, Local | 1 | 3% | $2.3M | $2.3M |
| 13 | Cosmetology and Barber Schools | 1 | 3% | $2.0M | $2.0M |
| 14 | Pharmacies and Drug Retailers | 1 | 3% | $1.3M | $1.3M |
| 15 | Fitness and Recreational Sports Centers | 1 | 3% | $1.2M | $1.2M |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | New York | 8 | 24% | $1.2M | $14.3M |
| 2 | New Jersey | 5 | 15% | $3.5M | $15.3M |
| 3 | California | 4 | 12% | $1.2M | $5.1M |
| 4 | Indiana | 2 | 6% | $4.4M | $8.7M |
| 5 | Illinois | 2 | 6% | $2.4M | $4.8M |
| 6 | Arkansas | 2 | 6% | $1.9M | $3.8M |
| 7 | North Carolina | 1 | 3% | $5.0M | $5.0M |
| 8 | Texas | 1 | 3% | $5.0M | $5.0M |
| 9 | Utah | 1 | 3% | $4.0M | $4.0M |
| 10 | Georgia | 1 | 3% | $3.2M | $3.2M |
| 11 | Virginia | 1 | 3% | $2.6M | $2.6M |
| 12 | Florida | 1 | 3% | $2.5M | $2.5M |
| 13 | Alabama | 1 | 3% | $2.1M | $2.1M |
| 14 | Michigan | 1 | 3% | $2.1M | $2.1M |
| 15 | Oklahoma | 1 | 3% | $739K | $739K |