Magnifi Financial CU
14 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 14
- Total approved
- $3.8M
- Median loan
- $196K
- Middle half of loans
- $150K to $340K
- Median starting rate
- 10.38%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 8 industries and 10 states and territories. The largest industry by count was Full-Service Restaurants (4 of 14 approvals). North Carolina had the highest count among recorded project locations (2).
The median approved loan was $196K versus $707K across the index for FY2024–FY2026. This profile is based on a small sample. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 4 | 29% | $325K | $1.5M |
| 2 | Limited-Service Restaurants | 4 | 29% | $206K | $1.1M |
| 3 | Fitness and Recreational Sports Centers | 1 | 7% | $355K | $355K |
| 4 | Snack and Nonalcoholic Beverage Bars | 1 | 7% | $296K | $296K |
| 5 | All Other Amusement and Recreation Industries | 1 | 7% | $198K | $198K |
| 6 | Other Personal Care Services | 1 | 7% | $150K | $150K |
| 7 | Florists | 1 | 7% | $130K | $130K |
| 8 | Retail Bakeries | 1 | 7% | $94K | $94K |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | North Carolina | 2 | 14% | $453K | $906K |
| 2 | Georgia | 2 | 14% | $398K | $796K |
| 3 | Florida | 2 | 14% | $172K | $343K |
| 4 | Minnesota | 2 | 14% | $112K | $224K |
| 5 | California | 1 | 7% | $512K | $512K |
| 6 | Texas | 1 | 7% | $355K | $355K |
| 7 | Vermont | 1 | 7% | $218K | $218K |
| 8 | Ohio | 1 | 7% | $198K | $198K |
| 9 | Indiana | 1 | 7% | $150K | $150K |
| 10 | Alabama | 1 | 7% | $122K | $122K |