Magyar Bank approved 65 SBA loans worth $57.8M between October 2021 and June 2026, ranking #465 of 2,283 SBA lenders nationally by loan count. Its median loan was $630,000, and 48% went to startups or businesses under two years old. It lent in 3 states, most often in New Jersey, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New Jersey | 60 | $54.8M | $713,750 | #31 |
| Pennsylvania | 3 | $2.1M | $630,000 | #151 |
| New York | 2 | $904K | $451,900 | #189 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 19 | $666,000 | |
| Construction | 12 | $750,000 | |
| Manufacturing | 6 | $971,000 | |
| Other services (repair, personal care) | 6 | $582,250 | |
| Real estate and rental | 3 | $215,000 | |
| Health care and social assistance | 3 | $761,500 | |
| Arts, entertainment and recreation | 3 | $400,000 | |
| Retail | 3 | $500,000 | |
| Professional and technical services | 2 | $395,000 | |
| Administrative and support services | 2 | $495,250 |