FINANCING PROGRAMS
Recreation
Loan Programs
We specialize in helping recreation dealerships finance customers with past credit challenges, including bankruptcy and other credit issues. Our loan officers consider the merits of each deal, not just the score, to give you the highest approval rate.
INDUSTRY LEADERS
Non-prime recreation loans for your customers
RVs
Quality non-prime financing for new and used towable RVs, motorhomes, and truck campers, according to NADA guides.
Marine
We provide loans for new and used boats 15 feet and larger & outboard engines, according to NADA guides.
Trailers
Our non-prime lending program also extends to horse trailers, cargo trailers, and utility trailers.
SIGN UP AS A NEW DEALER
We focus on every detail
to get you results
With our fast, simple, and easy non-prime financing, we help recreation dealers close more sales and serve more buyers. Some of the benefits of our programs include:
Financing for units up to 15 years old, 20 years old for boats
Fixed rate contracts & no prepayment penalties
Generous advance, including backend product financing
Reliable customer service from experienced professionals
WHY MEDALLION BANK?
More than
a score
We work directly with dealerships and financial service providers to offer quality recreation financing for your customers, including those with past credit challenges. Loans in this sector are one of our specialties, so we know what it takes to help get the customer approved and the deals done.
Make More Money in More Ways
The more you use Medallion Bank, the more you earn. Whether it's approvals you wouldn’t get otherwise, generous incentives, or customers for life that buy again and again, you can earn more with Medallion Bank.
Finance Your Credit-Challenged Customers
We are a market leader in the non-prime lending space. We often finance credit-challenged customers that other lenders won’t. People have unexpected events in their lives, and we specialize in financing fun when those events are in the past.
White-Glove Treatment on Every Deal
You will never talk to a robot with Medallion Bank. Every time you call in, you’ll be directed to a real person to help resolve the issue. With fast, friendly and focused service, we strive to help your business succeed.
Info & Insights
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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.
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