SBA lender profile
Magnifi Financial CU
Magnifi Financial CU appears in the public SBA loan data with 444 funded 7(a) loans since FY2010, totaling $125.0M, an average of $281K per loan, and an estimated 3,670 jobs supported. Its SBA lending concentrates in Minnesota and the Construction sector. Across its 7(a) loans, the charge-off rate is 0.9%. 81.8% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 88
- Scale 77
- Activity 83
- Consistency 74
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Magnifi Financial CU the right lender for you?
Lenders fund what they know. Magnifi Financial CU's SBA lending concentrates in Minnesota (196 loans) and Construction (74 loans), at an average loan of $281K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Where Magnifi Financial CU lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 196 | $57.5M |
| Texas | 45 | $11.0M |
| Florida | 31 | $8.2M |
| North Carolina | 15 | $5.4M |
| Georgia | 14 | $3.6M |
| Pennsylvania | 10 | $2.9M |
Metro areas where Magnifi Financial CU funds
What Magnifi Financial CU funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 74 | $20.1M |
| Accommodation and Food Services | 60 | $19.3M |
| Retail Trade | 41 | $13.4M |
| Arts, Entertainment, Recreation | 34 | $12.6M |
| Administrative and Support | 46 | $11.2M |
| Other Services | 34 | $10.0M |
Magnifi Financial CU SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 8 | $1.4M |
| 2011 | 6 | $2.0M |
| 2012 | 5 | $791K |
| 2013 | 1 | $148K |
| 2015 | 1 | $155K |
| 2016 | 7 | $1.4M |
| 2017 | 9 | $2.8M |
| 2018 | 18 | $7.3M |
| 2019 | 8 | $2.4M |
| 2020 | 31 | $9.3M |
| 2021 | 47 | $13.0M |
| 2022 | 28 | $7.0M |
| 2023 | 27 | $8.9M |
| 2024 | 45 | $14.1M |
| 2025 | 144 | $35.9M |
| 2026 | 59 | $18.5M |
Related SBA lenders
Other lenders active in Minnesota or in Construction.
Comparing lenders? See how to choose an SBA lender by track record.
Magnifi Financial CU: frequently asked questions
Does Magnifi Financial CU offer SBA loans?
Yes. Magnifi Financial CU appears in the public SBA data with 444 funded SBA 7(a) loans totaling $125.0M.
How many SBA loans has Magnifi Financial CU made?
Magnifi Financial CU is associated with 444 SBA 7(a) loans totaling $125.0M in the public SBA data (as of 2026-03-31).
What is Magnifi Financial CU's SBA charge-off rate?
About 0.9% of Magnifi Financial CU's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Magnifi Financial CU do most of its SBA lending?
Magnifi Financial CU's SBA lending in the data is most concentrated in Minnesota, and by industry in Construction.
Is Magnifi Financial CU an SBA Preferred Lender (PLP)?
The loan record shows Magnifi Financial CU operating under PLP delegated authority: 363 of its 7(a) loans (81.8%) were processed through the Preferred Lenders Program, including 244 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Magnifi Financial CU SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/magnifi-financial-cu/
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