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.