{"citation":"Magnifi Financial CU SBA loans. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/magnifi-financial-cu/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/sba-express-lenders/magnifi-financial-cu/","title":"Magnifi Financial CU SBA loans","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"},{"label":"13 CFR § 120.214(d)","url":"https://www.ecfr.gov/current/title-13/section-120.214"},{"label":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"NCUA credit union call report data (headquarters and website)","url":"https://ncua.gov/analysis/credit-union-corporate-call-report-data"}],"data":{"lender":{"name":"Magnifi Financial CU","legal_name":"Magnifi Financial CU","type":"credit union","headquarters_city":"Melrose","headquarters_state":"MN","fdic_certificate":null,"ncua_charter":68604,"regulator_status":"active","website":"https://www.mymagnifi.org","rank_by_loans":73,"lenders_ranked":807},"window":{"id":"recent","from":"2023-10-01","to":"2026-06-30"},"loans":260,"dollars_approved":73084500,"median_loan":244250,"loan_25th_percentile":148750,"loan_75th_percentile":378125,"median_term_months":120,"median_starting_rate_pct":10.25,"median_starting_rate_window":{"id":"recent","from":"2023-10-01","to":"2026-06-30"},"median_spread_over_prime_points":2.75,"sba_express_share_pct":null,"line_of_credit_share_pct":null,"loans_by_size":{"$50,000 or less":null,"$50,001 to $150,000":86,"$150,001 to $350,000":101,"$350,001 to $500,000":52,"$500,001 to $1,000,000":18,"$1,000,001 to $2,000,000":null,"Over $2,000,000":0},"loans_by_business_age":{"In business more than 2 years":10,"In business 2 years or less":10,"Startup: the loan opens the business":207,"Change of ownership":14,"Not answered":19},"top_states":{"Texas":46,"Florida":27,"North Carolina":16,"Georgia":15,"Minnesota":15},"top_industries":{"Fitness and Recreational Sports Centers":22,"Janitorial Services":15,"Limited-Service Restaurants":15,"Residential Remodelers":11,"Snack and Nonalcoholic Beverage Bars":11},"loans_by_fiscal_year":{"2020":31,"2021":46,"2022":27,"2023":26,"2024":42,"2025":143,"2026":75},"charge_offs":{"loans_approved_in":"FY2020 to FY2022","loans":104,"charged_off_pct_of_loans":null,"charged_off_pct_of_dollars":null},"all_lenders":{"median_loan":150300,"median_spread_over_prime_points":2.75,"sba_express_share_pct":35.8,"line_of_credit_share_pct":28.1,"charged_off_pct_of_loans":3.6},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials."}}