by Medallion Bank | Jul 11, 2022 | Finance, Recreation
Understanding Your Customer’s Credit Scores WHAT IS BAD CREDIT? The recreation industry uses slightly different terminology, but if your customers have a FICO score between 600 and 650, they are considered to have poor credit. According to Credit.com, anything lower...
by Medallion Bank | Jun 13, 2022 | Finance, General Topics
How to Handle an Indecisive Customer and Increase Your Sales Anyone who has ever worked in sales can attest to the fact that indecisive customers can be frustrating to deal with. No matter what, winning them over will take lots of patience and a willingness to help...
by Medallion Bank | Jan 11, 2022 | Finance, General Topics
What to Know About Higher Interest Rates from the Federal Reserve In recent months, there has been a lot of speculation around the Federal Reserve increasing interest rates. According to a forecast from Goldman Sachs, the combination of rising inflation and a labor...
by Medallion Bank | Dec 21, 2021 | Finance, General Topics
Supply and Demand: The Labor Market No doubt by now you’ve noticed the U.S. job market is somewhat tumultuous, as businesses grapple with the combination of labor shortages and the Great Resignation. Half of U.S. businesses describe their workplaces as understaffed,...
by Medallion Bank | Nov 30, 2021 | Finance, General Topics
The Cost of Gasoline It’s common for energy costs to fluctuate with various economic circumstances. The demands for gas were lower as the pandemic raged and as travel became far more limited. Employees were working from home, avoiding a commute. Travelers stayed home...
by Medallion Bank | Sep 23, 2021 | Finance, General Topics
What to Expect from a Financing Provider When it comes to financing your recreation or home improvement customers, it’s important to do business with a lender that understands your unique needs. Although it may be tempting to use a different type of lender, it is much...
