GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
249
2010–2026
Total Volume
$161M
Gross loan amounts
States Active
3
With recorded loans
Programs
7(a) & 504
249 total segments
Magyar Bank has a strong focus on existing businesses, with 55% of their deals serving this category. This could be beneficial if you're looking to expand or refinance an established operation.
With an average 7(a) spread of P+2.47%, Magyar Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money over the life of your loan.
Magyar Bank has a notable presence in New Jersey, with 241 of their 249 deals originating from this state. If you're based in NJ, this lender may have a better understanding of local market conditions.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 20 504 loans, which use fixed SBA debenture rates.
States where Magyar Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Wholesale Trade
Wholesale Trade
Physician & Dental Offices
Health Care & Social Assistance
Auto Repair & Maintenance
Other Services
Food & Beverage Stores
Retail Trade
Other Health Practitioners
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for Magyar Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| New Jersey · Restaurants & Food Service · $500K – $1M | 7(a) | 12 | P+2.00% | $758K | Q3 2025 |
| New Jersey · Specialty Trade Contractors · Under $150K | 7(a) | 11 | P+2.50% | $79K | Q3 2015 |
| New Jersey · Wholesale Trade · Under $150K | 7(a) | 8 | P+2.38% | $104K | Q2 2017 |
| New Jersey · Manufacturing · Under $150K | 7(a) | 8 | P+2.25% | $88K | Q2 2011 |
| New Jersey · Restaurants & Food Service · $150K – $350K | 7(a) | 7 | P+2.25% | $292K | Q4 2022 |
| New Jersey · Wholesale Trade · $150K – $350K | 7(a) | 6 | P+2.50% | $236K | Q1 2016 |
| New Jersey · Restaurants & Food Service · $1M – $2M | 7(a) | 6 | P+2.63% | $1.5M | Q3 2025 |
| New Jersey · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+2.75% | $115K | Q1 2022 |
| New Jersey · Manufacturing · $500K – $1M | 7(a) | 5 | P+2.50% | $858K | Q3 2024 |
| New Jersey · Other Services · $500K – $1M | 7(a) | 5 | P+2.25% | $643K | Q4 2018 |
| New Jersey · Other Health Practitioners · $150K – $350K | 7(a) | 4 | P+2.50% | $331K | Q4 2015 |
| New Jersey · Physician & Dental Offices · $1M – $2M | 7(a) | 4 | P+2.50% | $1.1M | Q2 2020 |
| New Jersey · Restaurants & Food Service · $350K – $500K | 7(a) | 4 | P+2.75% | $443K | Q4 2021 |
| New Jersey · Specialty Trade Contractors · $150K – $350K | 7(a) | 4 | P+2.50% | $255K | Q1 2024 |
| New Jersey · Manufacturing · $150K – $350K | 7(a) | 4 | P+2.38% | $232K | Q1 2021 |
| New Jersey · Specialty Trade Contractors · $350K – $500K | 7(a) | 3 | P+2.50% | $453K | Q3 2024 |
| New Jersey · Physician & Dental Offices · $350K – $500K | 7(a) | 3 | P+2.75% | $477K | Q4 2010 |
| New Jersey · Other Health Practitioners · Under $150K | 7(a) | 3 | P+2.50% | $38K | Q2 2012 |
| New Jersey · Specialty Trade Contractors · $1M – $2M | 7(a) | 3 | P+2.75% | $1.2M | Q2 2025 |
| New Jersey · Building Construction · $500K – $1M | 7(a) | 3 | P+2.75% | $706K | Q2 2024 |
| New Jersey · Accounting & Tax · Under $150K | 7(a) | 3 | P+2.25% | $93K | Q1 2015 |
| Pennsylvania · Restaurants & Food Service · $500K – $1M | 7(a) | 3 | P+2.75% | $685K | Q3 2023 |
| New Jersey · Food & Beverage Stores · $150K – $350K | 7(a) | 3 | P+2.75% | $232K | Q1 2017 |
| New Jersey · Specialty Trade Contractors · $500K – $1M | 7(a) | 3 | P+2.75% | $833K | Q1 2025 |
| New Jersey · General Merchandise · Under $150K | 7(a) | 3 | P+2.50% | $117K | Q2 2017 |
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