SBA lender profile
Magyar Bank
Magyar Bank appears in the public SBA loan data with 83 funded 7(a) loans totaling $75.9M, an average of $914K per loan, and an estimated 1,105 jobs supported. Its SBA lending concentrates in New Jersey and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
83
Total volume
$75.9M
Average loan size
$914K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
1,105
Programs
7(a)
Bank profile
via FDIC- Total assets
- $1.1B
- Headquarters
- New Brunswick, NJ
- FDIC cert
- #30704
- Status
- Active
Where Magyar Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| New Jersey | 75 | $69.8M |
| New York | 5 | $4.0M |
| Pennsylvania | 3 | $2.1M |
What Magyar Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 24 | $25.3M |
| Manufacturing | 9 | $11.0M |
| Construction | 12 | $8.8M |
| Retail Trade | 7 | $6.4M |
| Other Services | 7 | $5.9M |
| Health Care and Social Assistance | 5 | $4.1M |
Magyar Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 8 | $6.7M |
| 2021 | 14 | $14.2M |
| 2022 | 11 | $6.9M |
| 2023 | 8 | $6.6M |
| 2024 | 18 | $15.2M |
| 2025 | 16 | $20.8M |
| 2026 | 8 | $5.5M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Magyar Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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