MF
SBA 7(a) franchise lending portfolio
Magnifi Financial CU
Risk rating: High Risk
- Total loans
- 135
- Loan volume
- $38.0M
- Avg loan size
- $282K
- Charge-off rate
- 20.0%
- vs 16.0% national
Charged off
1
Avg interest
10.29%
Franchises funded
99
Risk rating
High Risk
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Bricks & Minifigs | 5 | $1.2M | N/A |
| Bar-B-Clean | 5 | $654K | N/A |
| The UPS Store (f/k/a Mail Box | 5 | $1.3M | N/A |
| RealClean Aircraft Detailing | 4 | $1.3M | N/A |
| Hotworx | 4 | $1.8M | N/A |
| Mosquito Squad | 3 | $573K | N/A |
| goGlow | 3 | $1.4M | N/A |
| Groovy Hues Peace Love Paint P | 2 | $290K | N/A |
| One Hour Air Conditioning & He | 2 | $430K | N/A |
| Fit Body Boot Camp | 2 | $408K | N/A |
| Koala Insulation | 2 | $943K | N/A |
| Cabinet IQ | 2 | $590K | N/A |
| Voda Cleaning & Restoration | 2 | $556K | N/A |
| Firehouse Subs | 2 | $673K | N/A |
| Seniors Helping Seniors | 2 | $310K | N/A |
| The Back Nine | 2 | $795K | N/A |
| Rita's Ice-Custard-Happiness | 2 | $566K | N/A |
| Home Helpers Home Care | 2 | $222K | N/A |
| Puddle Pool Services | 2 | $241K | N/A |
| The Fresh Monkee | 2 | $396K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2008 | 1 |
| FY2018 | 1 |
| FY2021 | 1 |
| FY2023 | 8 |
| FY2024 | 19 |
| FY2025 | 80 |
| FY2026 | 25 |
Geographic exposure
29100.0% (high risk)
140.0% (excellent)
8N/A
7N/A
6N/A
6N/A
5N/A
5N/A
4N/A
4N/A
Portfolio summary
Total funded$38.0M
Charged off1 of 135
Risk tierHigh Risk
Avg rate10.29%
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), High Risk (>20%).
Frequently asked questions
- How many SBA 7(a) franchise loans has Magnifi Financial CU originated?
- 135 loans totaling $38.0M. The portfolio carries a 20.0% charge-off rate, earning a “High Risk” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Magnifi Financial CU's rate of 20.0% is above the national rate.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.
- Which franchise brands does Magnifi Financial CU fund the most?
- The “Top franchise exposures” table above lists the brands Magnifi Financial CU has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.