Recreation

Non-Prime Recreation Loans

by Brenda | April 2, 2019

Are you offering non-prime recreation loans to your customers with credit challenges? If not, you’re missing out on a big opportunity to increase sales and improve your bottom line.

According to a report from Prosperity Now, 56% of consumers have a low credit score that disqualifies them from prime interest rates and possibly financing altogether. The report also states that many Americans earning between $55,000 and $90,000 annually have less than three months savings set aside.

The reality is that many Americans are one disaster away from major financial struggles. Your customers with credit challenges may have already experienced one of these disasters in their own life. That’s why it’s important for your dealership to offer financing options that benefit people trying to build or improve their credit, especially if they’re recovering from harder times.

     FINANCE MORE CUSTOMERS

Medallion Bank is a national leader in providing boat loans, RV loans and horse/utility trailer loans to customers with past credit challenges. We work directly with dealerships to help close more deals and finance more customers. Medallion Bank brings unparalleled experience and stability to the non-prime lending market.

We know many of your potential customers have started rebuilding their credit history. But low credit scores often prevent them from qualifying for a loan on a discretionary purchase. Working with Medallion, you can provide an affordable payment option for many of your customers to help them purchase a boat, RV or horse/utility trailer as they rebuild their credit.

As a dealer, here are a few reasons to offer non-prime recreation loans:

  • Close more deals on customers with low credit scores
  • We can finance customers with previous bankruptcies, charge offs, collections, or judgements
  • Your participation is paid at funding
  • No hidden costs or fees for our recreation dealers
  • You get competitive terms and advance
  • Fast fundings to support dealer success
  • Non-prime recreation loans are non-recourse to you as a dealer

     ABOUT MEDALLION BANK

Our recreation lending program is for franchised marine dealers, RV dealers and horse/utility trailer dealers. We also work with approved Financial Service Providers. If you are a marine RV or horse/utility trailer dealer, please contact us today to maximize sales opportunities for your customers with past credit challenges.

Home Improvement

Hours of Operation Monday – Friday
8am – 6pm MT
Saturday
9am – 4pm MT

Holiday Closures

Please note: Holiday closures are not the same for the Recreation and Home Improvement Departments.

  • New Year’s Day
  • Labor Day
  • Memorial Day
  • Thanksgiving
  • Independence Day
  • Christmas
  • New Year’s Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving
  • Christmas
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT
  • Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT

    Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    Saturday after Christmas,
    December 27, 2025
    – Closed
  • New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

    Saturday After New Years,
    January 3, 2026
    – Closed

Home Improvement Application Processing Open as Follows

Home Improvement loan application processing is open on the following holidays. All other departments are closed.

  • Martin Luther King Jr. Day
  • Columbus Day/Indigenous Peoples’ Day
  • Presidents’ Day
  • Veterans Day
  • Juneteenth
  • Martin Luther King Jr. Day
  • Presidents’ Day
  • Juneteenth
  • Columbus Day/Indigenous Peoples’ Day
  • Veterans Day

Recreation

Hours of Operation Monday – Friday
8am – 5pm MT
Closed Weekends

Holiday Closures

  • New Year’s Day
  • Labor Day
  • Martin Luther King Jr. Day
  • Columbus/Indigenous Peoples’ Day
  • Presidents' Day
  • Veterans Day
  • Memorial Day
  • Thanksgiving
  • Juneteenth
  • Christmas Day
  • Independence Day
  • New Year’s Day
  • Martin Luther King Jr. Day
  • Presidents' Day
  • Memorial Day
  • Juneteenth
  • Independence Day
  • Labor Day
  • Columbus/Indigenous Peoples’ Day
  • Veterans Day
  • Thanksgiving
  • Christmas Day
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT

    Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT
  • Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

Borrower Services

Hours of Operation Monday - Friday
8am-11pm MT
Saturday
9am-1pm MT

Holiday Closures

:
  • New Year's Day
  • Thanksgiving
  • Memorial Day
  • Christmas
  • Independence Day
  • New Year's Day
  • Memorial Day
  • Independence Day
  • Thanksgiving
  • Christmas

Welcome to Our New Website

Welcome to the newly redesigned MedallionBank.com. Our website now features a fresh look and includes a dedicated FAQ page for borrowers, as well as new content for strategic partners.

We would like to hear from you.

We value your feedback and always want to learn how we can improve. Please submit thoughts about your experience with Medallion Bank here:

Submit Feedback

Give us a review

We invite you to share your experience with Medallion Bank on one of the websites listed below. Your reviews and feedback are important to us!