Magnifi Financial CU: SBA loans in this registry
3companies
3loans
$1.8Mtotal approved
$589Kaverage loan
About this lender
- Type
- Credit union
- Headquarters
- Melrose, MN
- NCUA charter number
- 68604
- Acquisition loans (7(a))
- 3 loans, $1.8M total, $589K average
- Approval dates
- Dec 23, 2023 to Feb 19, 2026
- Typical term (median)
- acquisition loans: 10 years
- Initial interest rate (7(a))
- 9.5% to 11.25%, median 9.75%
- Rate type (7(a))
- 100% variable, 0% fixed
Top industries
- Full-Service Restaurants: 2 loans
- Limited-Service Restaurants: 1 loan
Top states
- North Carolina: 1 loan
- California: 1 loan
- Georgia: 1 loan
Largest deals
- Mano Bella Clt LLC, Charlotte, NC: $755,500 (7(a) acquisition, Feb 19, 2026)
- Redwood Foods Corporation, Riverside, CA: $512,000 (7(a) acquisition, Nov 18, 2025)
- Hayes Eateries LLC, Ringgold, GA: $500,000 (7(a) acquisition, Dec 23, 2023)
Lender details come from the SBA loan files. Counts cover loans on this site only.
Companies
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| Company | Location | Industry | Type | Latest approval | Approved |
|---|---|---|---|---|---|
| Mano Bella Clt LLC | Charlotte, NC | Full-Service Restaurants | Acquisition | Feb 19, 2026 | $756K |
| Redwood Foods Corporation | Riverside, CA | Limited-Service Restaurants | Acquisition | Nov 18, 2025 | $512K |
| Hayes Eateries LLC | Ringgold, GA | Full-Service Restaurants | Acquisition | Dec 23, 2023 | $500K |