Magnifi: SBA record

465 loans for FY2017 to FY2026 stand against Magnifi Financial CU. At Magnifi, gross dollars approved come to $134.2 million. The Magnifi book of 465 is SBA 7(a) business, with Magnifi at 0 SBA 504 loans. Magnifi lists Minnesota as its state. Magnifi holds 465 loans now or at last record. For Magnifi, SBA guarantees 465. Earlier holders of the 465 do not show. Who first financed a Magnifi loan is not shown, nor how Magnifi judges a request.

Magnifi: class mix

The class view leaves 350 of 465 unplaced at Magnifi. Magnifi: fitness center at 28, limited-service restaurant at 27, then coffee shop and snack bar at 17. Also at Magnifi: full-service restaurant at 14. 350 unplaced loans lead the Magnifi table, so Magnifi covers under half of 465 in a class comparison.

Magnifi by state

By state, Minnesota leads Magnifi with 170 loans, then Texas with 48 and Florida with 39. The Magnifi table continues through Georgia at 19, California at 16, North Carolina at 16, Pennsylvania at 12, Tennessee at 12, Virginia at 9 and New Jersey at 8, then smaller counts. Use the Magnifi spread to see how far 465 holdings extend past Minnesota.

Magnifi: cancellations

Magnifi cancellation floor, FY2017 to FY2024: 2.8% of 465 approvals. Our own rule withholds the Magnifi ceiling. The Magnifi charge-off rate is withheld too. Magnifi's cohorts are too small.

Magnifi: reading the record

Magnifi offers borrowers facts about holdings, and 465 loans are those facts. Magnifi has another: the 2.8% floor. At Magnifi, neither fact predicts a decision. A Magnifi project stands on own numbers. The Magnifi study should pick out the 465 loans that resemble it. For Magnifi, it should flag the differences. Magnifi reads the project against 465 loans. A cancellation floor of 2.8% at Magnifi describes the past, not the future.

Magnifi: the study

With Magnifi in view, 465 loans frame the study, not the Magnifi decision. For fitness center, Magnifi has 28 loans, the nearest comparison. Magnifi: the study tests membership depth. Magnifi needs equipment cost tested too. Show Magnifi coverage in a slow year too. Magnifi needs an appraisal that supports it. Magnifi offers just 350 unplaced loans for an unnamed type. Magnifi's study makes the case. Magnifi holds 170 loans in Minnesota. Elsewhere, Magnifi holdings need a reason. The Magnifi floor of 2.8% is a warning. The Magnifi study should allow for delay.

SBA loans held by Magnifi Financial CU

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

Loans approved, FY2017 to FY2026	465
Gross dollars approved	$134.2 million
SBA 7(a) loans	465
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	2.8%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	350
Fitness center	28
Limited-service restaurant	27
Coffee shop and snack bar	17
Full-service restaurant	14

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Loans by project state

State or area	Loans
Minnesota	170
Texas	48
Florida	39
Georgia	19
California	16
North Carolina	16
Pennsylvania	12
Tennessee	12
Virginia	9
New Jersey	8
Colorado	7
New York	7
Ohio	7
Arizona	6
Illinois	6
Indiana	6
Michigan	6
South Carolina	6
Wisconsin	6
Alabama	5
Nebraska	5

States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-ncua-68604.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Magnifi Financial CU or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Magnifi Financial CU: SBA Lending Record