Choosing Medallion Bank as your non-prime lending partner allows your dealership to increase sales by closing more deals.
We require the following as part of the approval process:
- Minimum of 3 years in business
- Dealers with less than 5 years in business must provide financial statements
- Amount of inventory credit line or flooring line including name of lending institution
- Dealership should carry a manufacturer’s new product line
- Personal credit will be pulled on owner/owners