Magnifi Financial CU
MN
SBA-approved lender offering 6 loan programs across 30 industries.
Key Metrics
Interest Rate
9.49%
2.74% over prime
Average Loan
$249K
Per approval
Total Approvals
144
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Fixed Rates
Industries Served (30)
All Other Amusement and Recreation IndustriesAll Other Specialty Trade ContractorsAutomotive Glass Replacement ShopsContinuing Care Retirement CommunitiesDrywall and Insulation ContractorsElectrical ContractorsExterminating and Pest Control ServicesFitness and Recreational Sports CentersFlooring ContractorsFull-Service RestaurantsHome Health Care ServicesInterior Design ServicesJanitorial ServicesLimited-Service RestaurantsMeat Processed from CarcassesMobile Food ServicesOther Building Finishing ContractorsOther Personal Care ServicesOther Services to Buildings and DwellingsPainting and Wall Covering ContractorsPesticide and Other Agricultural Chemical ManufacturingPlumbing, Heating, and Air-Conditioning ContractorsRemediation ServicesResidential Property ManagersResidential RemodelersServices for the Elderly and Persons with DisabilitiesSiding ContractorsSnack and Nonalcoholic Beverage BarsSurgical Appliance and Supplies ManufacturingTrusts, Estates, and Agency Accounts
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.74%
- Effective Rate
- 9.49%
- Fiscal Year
- 2025
- States Served
- MN
- Website
- mymagnifi.org
Ready to apply with Magnifi Financial CU?
Let Cassian help you prepare your application and connect you with the right loan officer.