Medallion Bank provides a range of recreation financing services. It provides asset-based loans through Medallion Business Credit, which serves manufacturers, distributors, food processors and finance companies the throughout the New York metropolitan area, New Jersey, Pennsylvania and Florida. The bank also offers consumer loan options. Medallion Bank accepts loan applications through approved recreation dealers. It offers online application process services for its customers. The bank is a part of Medallion Financial Corporation, which is a specialty finance company that specializes in the origination and servicing of loan financing and the purchase of taxicab medallions and related assets. It is a multifaceted small business finance company that provides services to assist the capital needs of small to mid-sized businesses throughout the United States. The bank additionally offers commercial loans that are used to support the operating needs of taxi fleet owners.
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