Home → New Jersey → Magyar Bank
Magyar Bank
NEW BRUNSWICK, NJ 8901
⭐ SBA Preferred Lender78
Loans Approved
$71.8M
Total Volume
$920K
Avg Loan Size
3
States Served
States Served
Top Industries Financed
- Full-Service Restaurants
- Limited-Service Restaurants
- Plumbing, Heating, and Air-Conditioning Contractors
- All Other Specialty Trade Contractors
- Retail Bakeries
About Magyar Bank
Magyar Bank is an SBA-approved lender headquartered in NEW BRUNSWICK, New Jersey. Since 2020, they have approved 78 SBA 7(a) loans totaling $71.8M, with an average loan size of $920K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 3 states.
Ready to Apply for an SBA Loan?
Check if you qualify in minutes — no impact to your credit score.
SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days