We Specialize in SBA Loans

SBA (Small Business Administration) loans, partially guaranteed by the U.S. Government, allow small business owners to obtain funding with less equity or collateral than a conventional loan requires. 

Preferred SBA Lender 

As a leading, National SBA Lending team we are here to support you through the loan application process, striving to close your loan within 30 – 60 days.

Hanover Changed My Business Life

”For years, I ran my business while banking with a well-known national institution, receiving minimal support for my growth plans. I thought this was just how it worked for small businesses—limited help, limited possibilities. That all changed when a friend introduced me to Hanover. With Hanover’s partnership, I’ve grown from a single 6,000 sq ft squash facility in Manhattan to a 20,000 sq ft, multi-racquet sports complex in New Jersey. The difference? Hanover truly took the time to understand not just my business, but me. Their team welcomed me to events, built a relationship based on care and compassion, and believed in my vision.
I never knew a banking partnership could feel like this. I’m deeply grateful—and incredibly excited about the future locations we’ll build together as a Hanover-fueled business”.

Jessica Nicol
Co-Founder & CEO, Nicol

SBA Loan Uses

Linking a savings account to your checking account helps you stay on top of your finances and reach your savings goals faster.

We are pleased to offer our clients the following
SBA business loan options1:

SBA 7(a) Small Loans

Ideal for business owners that need access to funding quickly for working capital, equipment purchases, or refinancing qualified debt.

  • Loans from $75,000 to $250,000.
  • 10-year terms.
  • Lower down payment where applicable.

SBA 7(a) Standard Loans

Ideal for eligible real estate purchases, business acquisitions, partner buyouts, refinancing debt, and other business uses.

  • Loan amounts up to $5 million.
  • 25-year terms.
  • Limited prepayment penalties.

SBA 504 Loans

Another viable option for real estate and equipment purchases under which borrowers contribute as little as 10% equity, and banks and SBA designated certified development companies contribute up to 90% of project costs. 

  • Loans up to $13.75 million, depending on eligibility.
  • Up to 10-year terms (or useful life) for machinery and equipment purchases.
  • Up to 25-year terms for real estate.

 Disclaimer: 1This is not an offer of credit. All credit applications are subject to our normal underwriting and credit approval process. Terms and Conditions apply.

Ready to take the next step.

Discover flexible financing solutions designed to help your small business grow. Our SBA Loan Specialists are ready to guide you through every step.

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Growing Your Small Business
With SBA loans to meet your needs.
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Tailored to Your Needs
Your Commercial and Industrial loan specialists are right here.
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