General Topics Recreation

Positive Momentum for the Outdoor Recreation Economy

by Brenda | December 19, 2019

Positive Momentum for the Outdoor Recreation Economy

The outdoor recreation sliver of the economy has found renewed interest at the federal level, with legislators in both chambers of Congress turning their attention to the industry. Recently, both the House and Senate have been focused on revitalizing outdoor recreation. Some recent legislative efforts include:

  • A House Committee on Small Business hearing exploring the role small businesses play in the nation’s overall recreational infrastructure;
  • A Senate Energy and Natural Resources Committee hearing examining opportunities to improve access, infrastructure, and permitting for outdoor recreation;
  • The passage of a Senate spending bill that would increase federal investment in outdoor recreation opportunities throughout the nation;
  • And, finally, the passage of several House conservation bills that would positively impact the outdoor recreation industry.

Impact of the Outdoor Recreation Economy

The U.S. outdoor recreation industry has a gross annual output of nearly $778 billion, according to the Outdoor Recreation Roundtable. In fact, this sector in the U.S. currently employs nearly 5.2 million people. At the state level, the outdoor recreation industry plays a significant role in the overall economy. In Florida alone, the industry accounts for $42.2 billion in value-added revenue, amounting to nearly 503,000 jobs. 

It’s no wonder, then, that legislators on both sides of the aisle continue to show great interest in this sector. 

Recently, a bipartisan effort to create the first-ever Recreation Package was proposed in the Senate. The Recreation Package would bundle key outdoor recreation legislation into one bill, further advancing the impact of these measures. Additionally, a recent amendment launched a study of federal recreation spending, which may result in future outdoor recreation investments. 

Recreational Financing

The renewed legislative interest in the outdoor recreation market has positive implications for small and large businesses alike. However, many Americans — nearly 56 percent, according to ‘Prosperity Now’ — have little to no access to financing based on poor credit. 

That’s where Medallion Bank can help.

Medallion Bank, a national leader in the recreation lending industry, works with franchised and independent marine dealers, RV dealers, and other outdoor recreation dealers throughout the U.S. to offer non-prime recreation loans to customers. As one of the nation’s most reputable lenders, we work directly with dealers to help them finance their customer purchases and close more deals.

Medallion Bank non-prime recreation loans:

  • Can be offered to customers with past credit challenges, including those with bankruptcies, collections, and judgments
  • Offer competitive terms and loan advances 
  • Provide fast funding to support dealer sales
  • Come without hidden costs or fees to our dealer clients

If you are a current RV dealer, boat dealer, or financial service provider looking to present non-prime financing options to your clients, contact us today.

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

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