Asset-Based Loans

Asset-based loans are originated in partnership with our affiliate, Medallion Business Credit, with offices in New York and New Jersey. Loans are extended to a diverse group of customers located throughout the New York metropolitan area, New Jersey, Pennsylvania, and Florida, in industries ranging from manufacturers, distributors, food processors and finance companies.

As competitor banks continue to raise their size threshold and consequently abandon service to the small business customer, we are uniquely positioned to fill this void in the marketplace. Loans typically range from $500,000 to $5.0 million and are primarily secured by the borrower's accounts receivable and inventory. In some cases machinery and equipment are accepted as collateral.

For more information regarding our asset-based lending, please feel free to contact Gerry Grossman at (212) 328-2124 or e-mail him at MBC Information Requests.

For information regarding your existing Medallion Bank commercial asset-based loan please contact Connie Mitchko at (212) 328-2177 or via e-mail at: cmitchko@medallion.com.