
Medallion Bank
Medallion Financial Corp. is a commercial finance company specializing in originating and servicing loans across various industries, including consumer loans through its subsidiary, Medallion Bank.
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Medallion Financial Corp. is a commercial finance company that originates and services loans in various industries, primarily through its wholly-owned subsidiary, Medallion Bank. They are a publicly traded company and have been operating since 1996. Their lending solutions include consumer loans for recreational vehicles and home improvements, mezzanine loans to small and medium-sized businesses, and taxicab medallion loans. Their headquarters are located in New York City, with additional offices in Salt Lake City, Utah and Excelsior, Minnesota.
Medallion Bank specializes in consumer loans for recreational vehicles, boats, and trailers, as well as home improvements. The bank does not have any retail branches and operates entirely online. Medallion Capital, another subsidiary, provides mezzanine loans to small and medium-sized businesses, primarily in manufacturing, retail, and food service. Their lending focus is on providing financing to underserved markets.
Mission
Medallion Financial Corp. is a finance company primarily operating through its wholly-owned subsidiary Medallion Bank. The company specializes in originating and servicing loans across various industries, including consumer loans for recreational vehicles, home improvements, and taxicab medallions, as well as commercial loans for small and mid-sized businesses. Medallion Financial aims to provide financial solutions for a wide range of clients, from individuals looking to finance recreational purchases or home renovations to businesses seeking capital for expansion or growth. The company's mission is to leverage its experience and expertise to empower its clients with the financial tools they need to achieve their goals.
Culture
Medallion Financial Corp. promotes a culture of experience and expertise, emphasizing its deep and experienced management team with over 150 years of combined experience in various lending fields. The company prides itself on its average division head having over 30 years of experience in their respective fields, ensuring customers can speak directly to decision-makers who can provide timely and thoughtful responses to credit requests. This focus on experience and expertise cultivates a professional, knowledgeable, and responsive environment.
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