Find the best SBA Rates for your industry by searching our SBA Lender Directory

SBARates.com is a data-driven SBA lending intelligence platform. The site provides industry-specific lending insights, lender analytics, approval trends, and average SBA 7(a) loan rates to help entrepreneurs research SBA lenders and prepare for funding.

SBA Loan Approvals as of Fiscal Year End 2025 16
SBA Loans Total Approval Amount as of Fiscal Year End 2025 $20,782,800
Average SBA Loan Size as of Fiscal Year End 2025 $1,298,925
Average SBA Loan Rate over Prime (Prime is 6.75%) 2.70
Magyar Bank (NJ)

Unlock Your Financial Potential with Magyar Bank (NJ)

Magyar Bank, headquartered in New Brunswick, New Jersey, is a trusted community bank deeply committed to helping local businesses thrive. As an experienced SBA lender, Magyar Bank provides flexible, relationship-focused financing solutions designed to support business growth, expansion, and long-term success.

Key Features of Magyar Bank

  • Full-Service Business Banking: Business checking and savings accounts, merchant services, online banking, and cash management resources to streamline day-to-day financial operations.
  • SBA Loan Programs: Magyar Bank participates in SBA 7(a) and 504 loan programs — offering affordable, long-term financing for equipment, real estate, working capital, and business expansion needs.
  • Commercial Lending Solutions: The bank also provides business term loans, commercial mortgages, and lines of credit tailored to the goals of local business owners.
  • Local Decision-Makers: All lending decisions are made by New Jersey-based bankers who understand the regional market and are committed to supporting community businesses.
  • Relationship-Focused Support: Magyar Bank’s business lending team works hands-on with owners to identify the right financing structure and guide them through every step of the process.

Why Choose Magyar Bank for SBA Loans?

Magyar Bank blends personal, community-based service with the expertise of a proven SBA lending partner. With competitive rates, flexible terms, and a commitment to transparency, Magyar Bank helps business owners obtain financing that aligns with their unique growth plans. Whether purchasing equipment, expanding operations, or acquiring commercial property, Magyar Bank provides the capital and support to move your business forward confidently.

How to Get Started

Ready to explore financing options with Magyar Bank? Visit the
Magyar Bank Business Lending page
to learn more about SBA programs and connect with a local lending professional.

Empower your financial future today with Magyar Bank — where New Jersey businesses find a committed partner for growth, opportunity, and long-term success.

Industry