As a responsible non-prime recreation lender, Medallion Bank has avoided the worst effects of financial crises through the years in order to consistently help recreation dealerships succeed. However, we understand that many of your customers have been affected by past economic turmoil, resulting in a low credit score. We’ve helped recreation product dealerships finance tens of thousands of these customers, including those with:
- Past credit challenges
- Tax liens
- Collections, and
- Other credit issues
FINANCING BEST PRACTICES
Putting in place lending best practices has helped Medallion Bank become a reliable source of funding for 15 years. Our first priority is to ensure you and your customers are always taken care of. Our loan officers look at each customer individually to provide you with the highest approval rate. Although these loans usually have increased interest rates and costs, a non-prime recreation lender can help borrowers who are on their way to prime credit.
FINDING A GOOD NON-PRIME RECREATION LENDER
As a recreation dealer, you should work with a finance partner invested in your long-term success. Having financing options available for customers with past credit challenges will allow them to purchase a boat, RV, horse trailer or any other recreation product you may sell.
Here are a few things we offer at Medallion Bank support our dealers:
- We work directly with dealerships and financial service providers to offer quality financing for your customers
- We provide a unique level of customer service that makes us stand out from other lenders in the recreation industry
- Dealer incentives are paid on every funded loan
- Generous loan advances provide room to finance back-end products
- Fast and easy application submission and document preparation
- Fax funding availability
We can provide financing options for new and used motorhomes, towable RVs, truck campers, boats (15 feet and larger), outboard engines, cargo trailers, utility trailers, horse trailers and powersport vehicles. We work with thousands of RV Dealers, Boat Dealers, Trailer Dealers and Financial Service Providers to offer you the best customer service experience.
Sign up as a new dealer today to start enjoying the benefits of Medallion Bank.