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Magyar Bank
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Magyar Bank Google Play App Icon

Magyar Bank
Free in Google Play

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Magyar Bank
Free in the App Store

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Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

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SBA Programs & Opportunities 

Magyar Bank is ready to help your small business get the financing it needs, and our team of Lenders are up-to-date on all the recent changes to the SBA program. To learn how you can take advantage of these government programs, call Craig Sinon at 732-342-7600, ext. 370.

Magyar Bank is a Preferred SBA Lender

Magyar Bank has received Preferred Lender status from the Small Business Administration, one of a few select lenders in New Jersey to receive this designation. Loan decisions are made locally by experienced Lenders who are familiar with local economic conditions, and the Preferred Lender status allows Magyar to expedite the approval and application process for SBA Loans and return a decision back fast.

Basic 7(A) Loan

This, the SBA's primary loan program, helps qualified small businesses obtain financing when they might not be eligible for business loans through normal lending channels. Financing under this program may be used for a variety of general business purposes including working capital machinery and equipment, furniture and fixtures, land and building (including purchase, renovation and new construction), leasehold improvements, and debt refinancing (under special conditions). The maximum amount of this loan is $5,000,000.

SBA Preliminary Loan AppPersonal Financial StatementStatement of Personal History

504 Certified Development Company (CDC)

504 Certified Development Company (CDC): provides long-term fixed-rate "brick and mortar" financing to small businesses to acquire real estate, machinery or equipment for expansion or modernization. Typically a 504 project requires a 10 percent contribution from the borrower. Maximum amount of this loan is $5,000,000.

SBA Preliminary Loan AppPersonal Financial StatementStatement of Personal History

Loans subject to credit approval.

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