Hanover Community Bank: SBA Lending Record

Hanover Community Bank: loans and programs

Hanover Community Bank has 665 approved loans in SBA's files, $826.7 million gross, FY2017 to FY2026. Hanover Community Bank holds or held these 665 loans, as SBA records them. The guarantee on 665 loans of Hanover Community Bank is SBA's alone. The figures for Hanover Community Bank are loan records only. NY is the lender state SBA records for Hanover Community Bank. All 665 loans at Hanover Community Bank are 7(a); 0 are 504.

Classes and places for Hanover Community Bank

366 of Hanover Community Bank's 665 loans sit outside the classes tracked here. Class by class, the record of Hanover Community Bank opens Hotel and motel (109), Full-service restaurant (34), Limited-service restaurant (26), Fitness center (19), Coffee shop and snack bar (18), Liquor store (16), Grocery store (11), Automotive mechanical repair (car and truck) (10), Gas station and truck stop (8). The smallest followed class is Medical office (physicians), at 5. Hotel and motel borrowers can set a project beside 109 such loans at Hanover Community Bank. Hanover Community Bank shows 34 loans in Full-service restaurant, the next class. In Limited-service restaurant, Hanover Community Bank shows 26 loans. New Jersey follows with 155 loans in the Hanover Community Bank record. The state column for Hanover Community Bank opens New York (203), New Jersey (155), Florida (51), Pennsylvania (42), Texas (33), California (30), Connecticut (17), Maryland (12), Massachusetts (10), Georgia (9), Virginia (9). The state list ends with Ohio, 6 loans. SBA records the lender state as NY, while the largest state by loans is New York.

Hanover Community Bank: cancellations and losses

For Hanover Community Bank approvals from FY2017 to FY2024, 10.2% are known cancelled, a floor. Above 10.2%, the ceiling for Hanover Community Bank is not printed under Loan Analytics' threshold of fewer than 30 loans, and a withheld rate never means zero. Among 665 loans, the Hanover Community Bank charge-off floor for FY2017 to FY2021 disbursements is held back on a cohort under 30 loans, and withheld should not be read as no loan was charged off. Hanover Community Bank shows floors, not final rates, because loans can still be written off after the file was drawn.

Using the Hanover Community Bank record in a study

Hotel and motel at Hanover Community Bank opens with a read of demand. After that, a study of Full-service restaurant tests cost, with 34 such loans on Hanover Community Bank's record. Debt service coverage follows, and $826.7 million across 665 loans at Hanover Community Bank never settles it for any one project. At the end stands the appraisal, which no count of 26 Limited-service restaurant loans at Hanover Community Bank can replace. A borrower in New York can compare with 203 loans in the Hanover Community Bank record, and one in New Jersey, 155. Hanover Community Bank alone knows what it requires. Nothing guarantees approval, and Hanover Community Bank sets its own terms.