Magnifi Financial CU SBA loans in Minnesota
Short answer
SBA's loan file shows Magnifi Financial CU made 132 SBA loans in Minnesota since October 2019. 25.0% went to startups, against 60.8% of its loans nationally. 17.4% went through SBA Express, against 6.4% of its loans nationally.
- SBA loans, Oct 2019 to Jun 2026
- 132
- median loan
- $231,850
- dollars approved
- $39.12M
- went to startups
- 25.0%
This site is not Magnifi Financial CU
sbaexpress.loans is not Magnifi Financial CU, and Magnifi Financial CU did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from Magnifi Financial CU.
These are the 132 SBA 7(a) loans Magnifi Financial CU made in Minnesota approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other.
How Magnifi Financial CU differs in Minnesota
What this means for you. If yours is a new business, Magnifi Financial CU funded startups less often here than it did elsewhere, so ask early whether a lender funds new businesses.
Startups
25.0% of the loans in Minnesota went to startups, where the loan opens the business, against 60.8% of its loans nationally.
SBA Express
17.4% of the loans in Minnesota went through SBA Express, against 6.4% of its loans nationally.
Share of the state's loans
Magnifi Financial CU made 1.4% of the SBA loans approved in Minnesota since October 2019, against 0.12% of loans nationwide. Its share here is 12 times its national share.
We compared 9 measures with the national figure for the same period, and these are the 3 that differ clearly. 2 more differences are in the table.
Minnesota next to the U.S.
| Measure | Minnesota | All its U.S. loans | Reading |
|---|---|---|---|
| Lender's share of all SBA loans | 1.4% | 0.12% | Clearly higher |
| Median loan | $231,850 | $233,850 | No clear gap |
| Middle half of loans | $91,175 to $350,000 | $134,250 to $377,125 | – |
| Startups (the loan opens the business) | 25.0% | 60.8% | Clearly lower |
| In business 2 years or less | 13.6% | 6.4% | No clear gap |
| In business more than 2 years | 53.0% | 20.3% | Clearly higher |
| Change of ownership | 8.3% | 7.7% | No clear gap |
| SBA Express | 17.4% | 6.4% | Clearly higher |
| Lines of credit | 15.9% | 5.9% | Clearly higher |
| Median term | 10 years | 10 years | – |
| Median spread over Prime at approval | 2 points over Prime | 2.75 points over Prime | – |
Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference.
What Magnifi Financial CU lends to in Minnesota
The 2 industries below account for 11 of the 132 loans approved October 2019 to June 2026, or 8.3%. An industry is listed when it has 5 or more of them, five at most.
| Industry | Loans | Share here | U.S. share |
|---|---|---|---|
| General Freight Trucking, Local | 6 | 4.5% | Not in top 5 |
| General Freight Trucking, Long-Distance, Truckload | 5 | 3.8% | Not in top 5 |
Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries.
Other lenders in Minnesota
Other lenders in Minnesota with a clear difference from the national pattern, most loans first.
| Lender | Loans since October 2019 |
|---|---|
| The Huntington National Bank | 630 |
| Old National Bank | 455 |
| Wells Fargo Bank | 301 |
| Platinum Bank | 216 |
| Falcon National Bank | 212 |
| Hiawatha National Bank | 134 |
| Bravera Bank | 107 |
| Stearns Bank | 71 |
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. How we build these pages.
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Cite this page: Magnifi Financial CU SBA loans in Minnesota. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/magnifi-financial-cu/minnesota/
Ask lending partners about your loan in Minnesota
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Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.