GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
STRONG
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
464
2010–2026
Total Volume
$145M
Gross loan amounts
States Active
41
With recorded loans
Programs
7(a) & 504
464 total segments
Magnifi Financial CU has a strong focus on startups, with 62% of their SBA deals going to new businesses. This makes them a great option for first-time borrowers looking to launch their ventures.
With an average 7(a) spread of P+2.44%, Magnifi Financial CU offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
The lender has shown impressive growth, increasing their SBA deal volume by 140% year-over-year. This trend suggests they are actively expanding and may be more willing to consider new applications.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 52 504 loans, which use fixed SBA debenture rates.
Top 15 of 41 states where Magnifi Financial CU has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Specialty Trade Contractors
Construction
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Administrative & Waste Services
Administrative & Waste Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Transportation & Warehousing
Transportation & Warehousing
Other Health Practitioners
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
+ 7 more
All recorded SBA lending activity for Magnifi Financial CU, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Transportation & Warehousing · Under $150K | 7(a) | 12 | P+2.50% | $80K | Q1 2022 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 12 | P+2.13% | $116K | Q2 2024 |
| Minnesota · Manufacturing · Under $150K | 7(a) | 12 | P+2.38% | $74K | Q4 2023 |
| Minnesota · Manufacturing · $150K – $350K | 7(a) | 11 | P+1.50% | $302K | Q3 2023 |
| Minnesota · Administrative & Waste Services · $150K – $350K | 7(a) | 7 | P+1.00% | $295K | Q4 2021 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 7 | P+2.75% | $81K | Q2 2024 |
| Minnesota · Hotels & Accommodation · $500K – $1M | 504 | 6 | — | $690K | Q2 2021 |
| Minnesota · Agriculture & Forestry · Under $150K | 7(a) | 6 | P+1.00% | $79K | Q1 2021 |
| Texas · Other Health Practitioners · Under $150K | 7(a) | 5 | P+2.75% | $128K | Q4 2025 |
| Minnesota · Other Health Practitioners · Under $150K | 7(a) | 5 | P+1.75% | $86K | Q2 2021 |
| Minnesota · Manufacturing · $150K – $350K | 504 | 5 | — | $269K | Q4 2015 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 5 | P+2.25% | $299K | Q1 2024 |
| Minnesota · Real Estate · Under $150K | 7(a) | 5 | P+2.75% | $111K | Q1 2023 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 4 | P+2.85% | $280K | Q3 2020 |
| Minnesota · Finance & Insurance · Under $150K | 7(a) | 4 | P+2.00% | $94K | Q4 2022 |
| Minnesota · Retail Trade · Under $150K | 7(a) | 4 | P+2.75% | $67K | Q1 2022 |
| Minnesota · General Merchandise · Under $150K | 7(a) | 4 | P+1.50% | $58K | Q2 2022 |
| Minnesota · Real Estate · $500K – $1M | 7(a) | 4 | P+1.63% | $695K | Q3 2023 |
| Texas · Administrative & Waste Services · Under $150K | 7(a) | 4 | P+2.88% | $123K | Q4 2025 |
| Minnesota · Nursing & Residential Care · $500K – $1M | 504 | 3 | — | $674K | Q1 2018 |
| Texas · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+2.75% | $145K | Q1 2025 |
| Texas · Restaurants & Food Service · $350K – $500K | 7(a) | 3 | P+2.75% | $441K | Q3 2025 |
| Texas · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 3 | P+2.75% | $276K | Q4 2025 |
| Minnesota · Agriculture & Forestry · $500K – $1M | 7(a) | 3 | P+1.00% | $681K | Q3 2021 |
| Minnesota · Manufacturing · $350K – $500K | 7(a) | 3 | P+2.25% | $429K | Q1 2025 |
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Real experiences from borrowers who closed SBA loans with Magnifi Financial CU.
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