Medallion Financial is a specialty finance company that specializes in commercial and taxi medallion lending. The company offers a wide variety of asset-based, commercial lending services to small and mid-sized businesses throughout the United States
Medallion Business Credit, a division of Medallion Financial, was formed in 1998. With offices located in New York and New Jersey, MBC extends credit to customers located throughout the New York City metropolitan area, New Jersey, Pennsylvania, and Florida. Clients include manufacturers, distributors, food processors and financial services companies.
Loans typically range from $500,000 to $5 million and are usually secured by accounts receivable and inventory. In some cases, machinery and equipment are accepted as collateral.