OUR BLOG
Enjoy information and insights
from the experts
Is 30% of Your Business Walking Out the Door?
Medallion Bank has spoken with thousands of recreation dealers over the years, and we have learned that at successful dealerships, often as much as 25% to 30% of financed retail sales are considered non-prime credit.
Advocating on Capitol Hill
Medallion Bank recently sent three of its employees to Washington DC to advocate on behalf of the banking and recreation industries. Medallion Bank feels strongly about making communities and businesses better. The Federal government plays a big role in banking and in our clients’ businesses, and that is why we send our people to advocate on behalf of our respective industries.
Our Deposits Don’t Run
Medallion Bank has a specialized deposit model. The deposits that fund our loans are CDs held for specified terms, meaning they cannot be withdrawn before maturity. This makes our deposit base very stable and not susceptible to the classic bank run.
Reinvesting in Our Local Community
Medallion Bank believes in people and works to help low- and moderate-income individuals,...
Understanding Your Customer’s Credit Scores
Understanding Your Customer’s Credit ScoresWHAT IS BAD CREDIT? The recreation industry uses...
How to Handle an Indecisive Customer and Increase Your Sales
How to Handle an Indecisive Customer and Increase Your SalesAnyone who has ever worked in sales...
Recreational Vehicle Financing Programs
Recreational Vehicle Financing ProgramsSometimes we just need a break… a break from school, or...
5 Benefits of Boat Ownership
5 Benefits of Boat OwnershipOwning a boat can bring up new options that those who are confined on...
Common Myths About Home Improvement Financing
Common Myths About Home Improvement FinancingCustomer financing has been shown to increase sales...
3 Ways Contractors Can Sell More Home Improvement Loans to Customers
3 Ways Contractors Can Sell More Home Improvement Loans to CustomersWhen contractors work with...
RV Financing for Dealerships
RV Financing for DealershipsThe goal of recreational dealerships is to sell as much inventory as...
Why Recreation Dealers Need an Experienced Non-Prime Lender
Why Recreation Dealers Need an Experienced Non-Prime LenderIt takes a lot of effort to run a...
What to Know About Higher Interest Rates from the Federal Reserve
What to Know About Higher Interest Rates from the Federal ReserveIn recent months, there has been...
Why Home Improvement Contractors Need an Experienced Lender
Why Home Improvement Contractors Need an Experienced LenderThe Lender's Role buy a home often...
Supply and Demand: The Labor Market
Supply and Demand: The Labor MarketNo doubt by now you’ve noticed the U.S. job market is somewhat...
Top 5 Home Improvement Trends for 2022
Top 5 Home Improvement Trends for 2022Despite inflation, labor shortages and many other obstacles,...
Helping Dealers Understand Non-Prime Recreation Lending
Helping Dealers Understand Non-Prime Recreation LendingWhen it comes to lending to customers with...
The Cost of Gasoline
The Cost of GasolineIt’s common for energy costs to fluctuate with various economic circumstances....
Financing Programs
Recreation
1100 East 6600 South
Suite 510
Salt Lake City, Utah 84121
866.688.6983
Home Improvement
1100 East 6600 South
Suite 510
Salt Lake City, Utah 84121
888.833.8570
