Credit union · Melrose, MN
Magnifi Financial CU
Made 14 SBA 7(a) change-of-ownership loans totaling $3.8M in FY2024 to FY2026: #196 of 1,054 lenders by loans and #418 by dollars. Lends in 10 states.
#196by loans, FY24–26
14loans
$3.8Mapproved
$196Kmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 6 | $1.2M | $150K | 0.1% |
| FY2025 | 5 | $1.2M | $198K | 0.1% |
| FY2026 | 3 | $1.4M | $512K | 0.0% |
Loan size
Deal size mix
0% of its loans were $1M or more.
- Under $350K10 loans · 71% · $1.7M
- $350K to $1M4 loans · 29% · $2.1M
- $1M to $2M0 loans · 0% · $0K
- $2M to $5M0 loans · 0% · $0K
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 9 | $2.9M |
| Arts, Entertainment & Recreation | 2 | $553K |
| Manufacturing | 1 | $94K |
| Retail Trade | 1 | $130K |
| Other Services | 1 | $150K |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Georgia | 2 | $796K |
| Florida | 2 | $343K |
| Minnesota | 2 | $224K |
| North Carolina | 2 | $906K |
| California | 1 | $512K |
| Alabama | 1 | $122K |
| Indiana | 1 | $150K |
| Ohio | 1 | $198K |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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