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Credit union · Melrose, MN

Magnifi Financial CU: SBA lending profile

SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026
323
SBA loans approved
$91.0M
Total approved
$245,500
Median loan
41
States lent in
76%
To startups
#135
National rank by loans

Magnifi Financial CU approved 323 SBA loans worth $91.0M between October 2021 and June 2026, ranking #135 of 2,283 SBA lenders nationally by loan count. Its median loan was $245,500, and 76% went to startups or businesses under two years old. It lent in 41 states, most often in Minnesota, and its most financed industry was construction.

SBA loans per fiscal year

067133200FY14FY15: 1 loansFY15FY16: 7 loansFY16FY17: 9 loansFY17FY18: 18 loansFY18FY19: 8 loansFY19FY20: 31 loansFY20FY21: 47 loansFY21FY22: 28 loansFY22FY23: 27 loansFY23FY24: 45 loansFY24FY25: 144 loansFY25144FY26 (Oct to Jun): 79 loansFY2679
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

Where Magnifi Financial CU lends

StateLoansApprovedMedian loanRank in state
Minnesota60$17.7M$250,000#33
Texas46$11.5M$182,150#85
Florida32$9.0M$262,900#89
North Carolina16$5.5M$228,500#62
Georgia15$3.9M$253,000#96
California13$3.4M$229,000#160
Pennsylvania11$3.4M$325,000#90
Tennessee9$2.8M$350,000#59
Virginia9$2.9M$400,000#80
New Jersey8$2.3M$276,500#92
Ohio7$2.8M$340,000#100
New York7$1.5M$172,000#127
South Carolina6$1.9M$301,000#67
Michigan6$1.9M$285,000#109
Indiana6$906K$141,500#88

Industries Magnifi Financial CU finances

IndustryLoansShareMedian loan
Construction57
18%
$230,000
Restaurants and hotels53
16%
$300,000
Administrative and support services38
12%
$150,000
Arts, entertainment and recreation37
11%
$365,000
Retail30
9%
$245,500
Other services (repair, personal care)29
9%
$304,000
Health care and social assistance27
8%
$169,700
Manufacturing13
4%
$250,000
Transportation and warehousing10
3%
$132,800
Education7
2%
$280,000
Loan size mix
  • Under $150,00028%
  • $150,000 to $500,00062%
  • $500,000 to $2 million11%
  • $2 million and up0%
Loan programs used
  • Preferred Lender (PLP)95%
  • SBA Express3%
  • Standard 7(a)1%
  • CAPLines0%
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.