Magyar Bank
Headquartered in NEW BRUNSWICK, NJ. Analysis based on 78 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $71.8M.
Total 7(a) loans
78
Total approved
$71.8M
Average loan
$920K
States funded in
3
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
41.46%
Average rate
8.60%
Average term
243 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 9 |
| 722513 | Limited-Service Restaurants | 8 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 4 |
| 323111 | Commercial Gravure Printing | 3 |
| 311811 | Retail Bakeries | 3 |
| 721110 | Hotels (except Casino Hotels) and Motels | 3 |
| 621210 | Offices of Dentists | 3 |
| 238990 | All Other Specialty Trade Contractors | 3 |
| 531390 | Other Activities Related to Real Estate | 2 |
| 236220 | Commercial and Institutional Building Construction | 2 |
Top 10 states
| State | Loans |
|---|---|
| NJ | 71 |
| NY | 4 |
| PA | 3 |
Top franchise brands financed
9 franchise loans across 8 distinct brands.
| Franchise | Loans |
|---|---|
| Dairy Queen Operating Agreemen | 2 |
| Cold Stone Creamery | 1 |
| USA Ninja Challenge | 1 |
| F45 Training | 1 |
| Popeyes Louisiana Kitchen | 1 |
| Tapville Social | 1 |
| Super 8 by Wyndhan | 1 |
| Red Carpet Inn/Red Carpet Suit | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.