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The Lender Report built this page from public records. Magnifi Financial Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about Magnifi Financial Credit Union itself. Each figure shows its source and date. Work at Magnifi Financial Credit Union? You can claim this page for free.
SBA 7(a) record
Magnifi Financial Credit Union: SBA 7(a) loans made
Magnifi Financial Credit Union, a credit union based in Melrose, MN, made 286 SBA 7(a) loans in the 36 months ending September 30, 2026, $81.1M in all, net of cancelled approvals. The typical loan was about $250K, and 103 were in the last 12 months. Most were in Texas.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 286
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $81.1M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $250K
- SBA FOIA,
- Largest loan
- $1.3M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 103
- SBA FOIA,
Cite this
Source: The Lender Report, Magnifi Financial Credit Union: SBA 7(a) loans made, https://lender.report/lender/magnifi-financial-credit-union-mn/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Tennessee | SBA 7(a), Limited-Service Restaurants | $740K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), Pet and Pet Supplies Retailers | $350K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Connecticut | SBA 7(a), Transportation and Warehousing | $350K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Georgia | SBA 7(a), All Other Specialty Trade Contractors | $290K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Maryland | SBA 7(a), Diet and Weight Reducing Centers | $280K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Missouri | SBA 7(a), Hobby, Toy, and Game Retailers | $270K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Wisconsin | SBA 7(a), Fitness and Recreational Sports Centers | $240K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Colorado | SBA 7(a), Pet and Pet Supplies Retailers | $230K | 9.5% | 9 yr | SBA FOIA | |
| Sep 2026 | Florida | SBA 7(a), Janitorial Services | $180K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Georgia | SBA 7(a), Limited-Service Restaurants | $410K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Florida | SBA 7(a), Janitorial Services | $350K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | New Mexico | SBA 7(a), All Other Amusement and Recreation Industries | $350K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Oklahoma | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $350K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Tennessee | SBA 7(a), Interior Design Services | $340K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Florida | SBA 7(a), All Other Amusement and Recreation Industries | $300K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Florida | SBA 7(a), Hobby, Toy, and Game Retailers | $280K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Georgia | SBA 7(a), Fitness and Recreational Sports Centers | $260K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Georgia | SBA 7(a), Landscaping Services | $250K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Illinois | SBA 7(a), Limited-Service Restaurants | $250K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | California | SBA 7(a), Private Mail Centers | $230K | 9.5% | 10 yr | SBA FOIA | |
| Jul 2026 | California | SBA 7(a), Fitness and Recreational Sports Centers | $440K | 9.25% | 10 yr | SBA FOIA | |
| Jul 2026 | Texas | SBA 7(a), Offices of Physical, Occupational and Speech Therapists, and Audiologists | $340K | 9.5% | 10 yr | SBA FOIA | |
| Jul 2026 | Arkansas | SBA 7(a), Retail Trade | $280K | 9.5% | 10 yr | SBA FOIA | |
| Jul 2026 | California | SBA 7(a), Full-Service Restaurants | $230K | 9.5% | 10 yr | SBA FOIA | |
| Jul 2026 | Florida | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $230K | 9.5% | 10 yr | SBA FOIA | |
| 286 SBA 7(a) loans since October 2023, net of cancelled | $81.1M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Texas | 48 | $12.0M |
| Florida | 31 | $9.20M |
| Georgia | 19 | $5.17M |
| California | 16 | $4.33M |
| North Carolina | 16 | $5.53M |
| Minnesota | 15 | $5.32M |
| Pennsylvania | 11 | $3.49M |
| Tennessee | 11 | $3.53M |
| Virginia | 9 | $2.93M |
| New York | 7 | $1.50M |
| Ohio | 7 | $2.85M |
| Colorado | 6 | $1.86M |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 63 | $7.37M |
| $150K to $350K | 137 | $31.8M |
| $350K to $1M | 84 | $39.5M |
| $1M to $2.5M | 2 | $2.40M |
| $2.5M or more | 0 | $0 |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 3 | $744K |
| 2024 Q1 | 8 | $2.01M |
| 2024 Q2 | 13 | $3.44M |
| 2024 Q3 | 18 | $7.58M |
| 2024 Q4 | 22 | $5.18M |
| 2025 Q1 | 50 | $12.7M |
| 2025 Q2 | 33 | $8.00M |
| 2025 Q3 | 36 | $9.56M |
| 2025 Q4 | 27 | $7.99M |
| 2026 Q1 | 27 | $8.79M |
| 2026 Q2 | 20 | $6.60M |
| 2026 Q3 | 29 | $8.48M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Preferred Lenders Program | 283 |
| SBA Express Program | 2 |
| Working Capital CAPLine | 1 |
- Magnifi Financial Credit Union made 286 SBA 7(a) loans totaling $81.1M in the 36 months ending September 30, 2026, net of cancelled approvals, in 42 states. SBA FOIA,
- 103 of them were in the 12 months to September 30, 2026, and 141 in the 12 months before. SBA FOIA,
- The typical loan was about $250K, with the middle half between $150K and $360K. SBA FOIA,
- The largest was about $1.3M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 63 loans were under $150K, and 2 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 10.25% on 286 loans, with the middle half between 9.50% and 10.25%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Fitness and Recreational Sports Centers, with 24. SBA FOIA,
- The SBA file lists 283 of its loans as processed under Preferred Lenders Program. SBA FOIA,
- Its loans were most often in Texas (48), Florida (31) and Georgia (19). SBA FOIA,
What we don't know
- Whether Magnifi Financial Credit Union is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.