Medallion Financial Corp is a specialty finance company that provides collateralized lending solutions to consumers and small businesses across the United States. The firm offers a diversified portfolio of secured loans, including taxicab medallion loans, business services financing, equipment leasing, and consumer asset-based lending. By focusing on asset-backed credit, Medallion Financial aims to deliver risk-adjusted returns and consistent cash flow through disciplined underwriting and robust collateral management.
Historically known for its financing of New York City taxicab medallions, the company has expanded its offerings to address broader small business needs and consumer credit demands. Its medallion lending segment continues to serve cab owners in major North American markets, while its secured consumer and small business lending businesses provide short-term loans secured by equipment, inventory, receivables, and other tangible assets. Medallion Financial also selectively acquires performing and non-performing loan portfolios, applying its expertise in workout and recovery strategies.
Founded in the early 2000s and headquartered in New York City, Medallion Financial has built a presence in key metropolitan areas, including Chicago, Miami, and select Canadian markets. The company’s operations blend direct origination with partnerships through brokers and lending platforms, enabling it to reach a broad client base while maintaining rigorous credit standards. Its asset-light business model supports scalability and allows for adaptation to shifting economic conditions.
Led by a seasoned management team with decades of experience in specialty finance, risk management, and capital markets, Medallion Financial is governed by an independent board of directors. The firm’s executive leadership emphasizes prudent balance sheet management, regulatory compliance, and the development of innovative lending products designed to meet evolving customer needs. Through its focused strategy, Medallion Financial seeks to capitalize on niche lending opportunities and deliver long-term value to stakeholders.
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