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Medallion Financial Corp.

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Medallion Financial Corp.

Mission statement:

Medallion's motto is "In Niches There are Riches".

As a specialty finance company Medallion Financial strives to obtain above average yields, and below average losses. Historically, we have identified markets that are underserved, and by working hard, we service these markets in the best possible fashion. We value our customers and have a deep understanding of the challenges that face our entrepreneurial borrowers, and how best to meet their needs. After all, not that long ago Medallion was a small business!

Overview:

Medallion Financial Corp. is comprised of a unique combination of businesses. First and foremost, the Company holds a leading position in the origination and servicing of loans to finance the purchase of taxicab medallions. In New York City, the country's largest market, taxi medallions sell for more than $225,000 each and the value of all taxi medallions exceeds $3.0 Billion! Medallion has an estimated 25% market share of this market, and is rapidly expanding into other major metropolitan areas.

A second leading segment is the Company's commercial and consumer loan business that caters to small businesses in targeted industries. These markets include Asset Based loans extended by Medallion Business Credit, Mezzanine Lending and Sub-Debt loans extended by Medallion Capital, and Consumer Lending for recreational vehicles and boats extended by Medallion Bank.

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