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Magnifi Financial CU

MELROSE, MN 56352

⭐ SBA Preferred Lender
349
Loans Approved
$96.1M
Total Volume
$275K
Avg Loan Size
40
States Served

States Served

AlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington D.C.FloridaGeorgiaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMichiganMinnesotaMissouriMontanaNorth CarolinaNorth DakotaNebraskaNew JerseyNevadaNew YorkOhioOregonPennsylvaniaRhode IslandSouth CarolinaTennesseeTexasUtahVirginiaVermontWashingtonWisconsin

Top Industries Financed

  • Fitness and Recreational Sports Centers
  • Limited-Service Restaurants
  • Janitorial Services
  • Home Health Care Services
  • Residential Remodelers

About Magnifi Financial CU

Magnifi Financial CU is an SBA-approved lender headquartered in MELROSE, Minnesota. Since 2020, they have approved 349 SBA 7(a) loans totaling $96.1M, with an average loan size of $275K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 40 states.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days