When starting a business, getting financing can be one of the most crucial steps.
You'll want to work with a financial institution that understands your business plan and all of your financing needs. As one of the largest commercial-lending credit unions in Minnesota, Magnifi Financial is able to provide many solutions to your business financing needs. Our Commercial Lending team is friendly, knowledgeable, and local. We develop relationships with business owners that last for many years.
In addition, Magnifi Financial partners with several agencies to obtain GAP financing and low-cost solutions for your business' needs. Participation with these agencies help provide cost-effective solutions to your business. Some of the agencies Magnifi Financial participates with include:
- Small Business Administration (SBA) - Click here to learn about our SBA Preferred Lender status
- The Initiative Foundation
- Local Economic Development Associations
- US Department of Agriculture (USDA)
Competitive Rates
As the largest commercial-lending credit union in Minnesota, we are able to provide our business members with low loan rates.
Low Fees
Magnifi Financial has very competitive terms for businesses which include low fees. We make sure you're comfortable with all of the terms of your loan or deposit account.
SBA Loans
SBA has great programs available for new businesses and our preferred lender status helps you get that financing faster and easier.
Your Possibilities Are Endless
Magnifi Financial has financed many business ventures, from Accounting firms to Zoos. Our team is ready to learn more about your business adventure and provide solutions for your financial needs.
Law and Accounting (CPA) Firm
Healthcare
Multi-Family Housing
Utility or Service Companies
Small Business
Cooperatives
Get Started
Click here to learn more about what you'll need for your new business account.
Get In Touch Online
Fill out our online form with some information about your business and the products or services of interest. Your local Commercial Officer will be in touch within 1-2 business days.
Visit in Person
You can open a business account or loan at any Magnifi Financial location. Each location has a designated Commercial Officer, but we recommend you call ahead to make an appointment.
Call Us
We have a dedicated phone line for business members, which will help you reach someone who can help faster and save you precious time.
Business and Commercial Loan Options
Check out all of your other options you can utilize with Magnifi Financial's suite of business products and services! Our business team will work with you individually to ensure you're on track to reach your business goals.