Credit

Hanover Community Bank offers a variety of credit products for Small Business clients. Your locally based Relationship Banker will work with you to establish the loan structure to best suit your needs. Whether you seek to finance working capital, capital expenditures, business expansion, or acquisitions, we have the right product to meet your needs. We offer the following credit facility options:

Line of Credit

A Hanover line of credit is designed to offer maximum flexibility for financing working capital, seasonal cash flow purposes, and other short term needs. You can borrow and repay the line and then re-borrow again.

Term Loan

Term loans are offered for longer term capital needs, such as financing equipment, expanding your business, or improving your plant. Different maturities are offered to meet the useful life of the asset you are financing.

Revolving Credit

Revolving credits combine the flexibility of a line of credit with the commitment of a longer term facility. It can be used for working capital, cyclical cash flow needs, and other medium term uses.

Business Credit Cards

Track your business expenses and manage cash flow with a TIB Business Credit Card.

Standard Card

  • Visa branded card
  • No intro rate
  • Prime + 10.99% APR
  • No Annual Fee
  • 25 day grace period on all purchases

Preferred Points Card

  • Visa branded card
  • No Intro Rate
  • Prime  + 10.99% APR
  • $49 Annual Fee
  • 25 day grace period on all purchases
  • Rewards earned for purchases:

Reward Types Offered:

  • Travel
  • Cash
  • Retail Gift Cards
  • Electronics
  • Business Products
  • AND MORE!

Call Hanover Community Bank at (516) 248-4868 or (646) 569-3600 for more information on our banking products and services. Branch location, hours of operation and other related information can be found on our Contact page.

All Hanover Community Bank accounts are insured by the FDIC for at least $250,000.

Have more questions? Check out our FAQs page for additional information.