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Magnifi Financial CU
MELROSE, MN · High-Volume Lender · National rank #63
Magnifi Financial CU approved 144 SBA 7(a) loans in FY2025, ranking #63 nationally by loan volume. Its lending was most concentrated in Texas, Florida, and Georgia, with an average loan size of $249,083.
Magnifi Financial CU is a credit union headquartered in Melrose, Minnesota, that participates as a lender in the SBA 7(a) loan program. According to FY2025 SBA 7(a) lender activity data, Magnifi Financial CU approved 144 SBA 7(a) loans totaling $35,868,000 in approved dollars, with SBA guaranty dollars of $27,371,510 across those loans. The average loan size was $249,083. This activity places Magnifi Financial CU at #63 in national ranking by SBA 7(a) loan volume among reporting lenders for the fiscal year.
While headquartered in Minnesota, the credit union's FY2025 SBA lending activity shows a broader geographic footprint, with the top states by loan count being Texas (28 loans), Florida (13 loans), and Georgia (11 loans). Beyond these top three, the data lists loans originated across a wide range of additional states, including California, Virginia, Pennsylvania, South Carolina, New York, North Carolina, New Jersey, Michigan, Arizona, Indiana, Minnesota, Nevada, Nebraska, Ohio, Illinois, Colorado, Connecticut, Washington, Tennessee, Utah, Kentucky, Massachusetts, Missouri, Wisconsin, Idaho, Kansas, Oregon, Alabama, Louisiana, Rhode Island, Maryland, Arkansas, Alaska, and the District of Columbia. This distribution indicates lending activity extending well beyond the lender's home state. All figures cited here are drawn strictly from FY2025 SBA 7(a) lender activity data and do not reflect interest rates, loan terms, or approval likelihood.
Where Magnifi Financial CU lends
| State | Loans | Dollars |
|---|---|---|
| Texas | 28 | $6,364,300 |
| Florida | 13 | $3,671,300 |
| Georgia | 11 | $2,754,000 |
| Pennsylvania | 5 | $1,633,500 |
| South Carolina | 5 | $1,578,700 |
| Virginia | 6 | $1,533,300 |
| California | 7 | $1,403,600 |
| Minnesota | 3 | $1,231,000 |
| New York | 5 | $1,200,000 |
| Nevada | 3 | $1,179,000 |
| New Jersey | 4 | $1,138,000 |
| Michigan | 4 | $1,130,000 |
| Colorado | 2 | $948,000 |
| North Carolina | 5 | $933,000 |
| Nebraska | 3 | $893,000 |
Questions people ask
Is Magnifi Financial CU an SBA lender?
Yes, Magnifi Financial CU participated in the SBA 7(a) loan program in FY2025 according to SBA lender activity data.
How many SBA 7(a) loans did Magnifi Financial CU approve in FY2025?
Magnifi Financial CU approved 144 SBA 7(a) loans in FY2025.
What was the total dollar amount of loans approved?
The total approved dollar amount was $35,868,000 in FY2025.
What is Magnifi Financial CU's average SBA loan size?
The average loan size was $249,083 based on FY2025 data.
Where is Magnifi Financial CU headquartered?
It is headquartered in Melrose, Minnesota.
Where is Magnifi Financial CU most active with SBA lending?
Its top states by loan count in FY2025 were Texas (28 loans), Florida (13 loans), and Georgia (11 loans).
Is Magnifi Financial CU a national or regional SBA lender?
Based on its FY2025 activity across 37 states, it operates more as a national SBA lender rather than one confined to its home state.
How does Magnifi Financial CU rank by SBA loan volume?
It ranked #63 nationally by SBA 7(a) loan volume in FY2025.
What was the SBA guaranty amount on Magnifi Financial CU's loans?
SBA guaranty dollars totaled $27,371,510 in FY2025 for this lender.
Does Magnifi Financial CU lend outside of Minnesota?
Yes, FY2025 data shows loans across states including Texas, Florida, Georgia, California, and many others.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Magnifi Financial CU; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.