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MEDALLION FIN CP, (TAXI) Stock Research Free Stock Rating
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Medallion Financial, Corp., through its wholly owned subsidiaries, provides loans to finance taxicab medallions and commercial businesses. It also operates a taxicab rooftop advertising business. Medallions loans are collateralized by taxicab medallions in New York City, Chicago, Boston, Newark, Cambridge, and other cities within the United States. Its commercial loans finance either the purchase of the equipment and related assets necessary to open a new business or the purchase or improvement of an existing business. These loans include secured mezzanine loans, asset based loans, SBA Section 7(a) loans, and other secured commercial Loans. The company operates a taxicab rooftop advertising business, Medallion Taxi Media, Inc., which provides advertising space in 18 metropolitan areas in the United States and in two cities in Japan. The companys principal executive offices are located in New York City, New York.
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