Magnifi Financial CU: SBA Lending Profile
Magnifi Financial CU is a credit union, headquartered in MELROSE, MN. It is a national lender, with SBA loans on record in 41 states and territories. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes Magnifi Financial CU actually approves
The median SBA approval at Magnifi Financial CU is $233,850. The middle 80% of its loans fall between $94,170 and $500,000. The smallest approval on record since 2020 is $14,000 and the largest is $1,603,500. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| SBA 7(a) | 223 | $234K | 10.25% | 10 years |
| 504 first mortgage (third party) | 3 | $643K | n/a | 20 years |
Industries it funds most
| Industry | Loans since 2020 | Share |
|---|---|---|
| Fitness and Recreational Sports Centers | 25 | 6.4% |
| Limited-Service Restaurants | 22 | 5.6% |
| Janitorial Services | 15 | 3.8% |
| Snack and Nonalcoholic Beverage Bars | 13 | 3.3% |
| Residential Remodelers | 12 | 3.1% |
| Home Health Care Services | 11 | 2.8% |
| Full-Service Restaurants | 10 | 2.6% |
| Other Personal Care Services | 10 | 2.6% |
| Painting and Wall Covering Contractors | 9 | 2.3% |
| General Freight Trucking, Local | 8 | 2.1% |
| All Other Amusement and Recreation Industries | 8 | 2.1% |
| Drywall and Insulation Contractors | 7 | 1.8% |
Borrower profile
- Beyond SBA lending, NCUA call reports show $76M in commercial loans granted in the first quarter of 2026 alone, on a total commercial portfolio of $1.2B (as of 2026-03-31).
- 70.6% of its recent SBA loans went to startups or businesses under two years old, which is high, most SBA lenders skew heavily toward established companies.
- Collateral was taken on 99.5% of its recent SBA loans.
- 2.6% of its loans carry fixed rates; the rest are variable.
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Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. Commercial lending figures from NCUA 5300 call report data. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by Magnifi Financial CU.