Medallion Financial Corp. operates as a specialty finance company that originates and services taxicab medallion loans in the United States. Its medallion loan portfolio consists of fixed-rate loans, collateralized by first security interests in taxicab medallions and related assets. It also originates consumer loans collateralized by recreational vehicles, boats, and trailers. Additionally, the company, through its subsidiaries, originates SBA Section 7(a) loans, commercial and consumer loans, and loans to small businesses for the purpose of financing inventory and receivables; conducts a mezzanine financing business; and raises deposits and engages in other banking activities. The company is headquartered in New York City.
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