SBRG Success Stories

The Magyar Bank was able to help with funds provided by the FHLBNY.

Here are two more organizations that Magyar Bank was able to help with funds provided by the Federal Home Loan Bank of NY’s Small Business Recovery Grant Program. A total of $100,000 was distributed through this program, including $7,500 to The Arc of Somerset County and $3,000 to the Middlesex County Regional Chamber of Commerce.

The Arc of Somerset County received $7500 from SBRG Program grant.

Middlesex County Regional Chamber of Commerce received $3000 from SBRG Program grant.

The SBRG Program is intended to support the financial security and health of workers employed by organizations that have suffered a decrease in revenue as a result of the ongoing COVID-19 crisis.