| Market Capitalization (Millions $) |
219 |
| Shares
Outstanding (Millions) |
24 |
| Employees |
10 |
| Revenues (TTM) (Millions $) |
142 |
| Net Income (TTM) (Millions $) |
44 |
| Cash Flow (TTM) (Millions $) |
-11 |
| Capital Exp. (TTM) (Millions $) |
0 |
Medallion Financial Corp
Medallion Financial Corp is a financial services company headquartered in New York that provides specialized lending services for the taxicab and other transportation industries. The company has been in operation since 1995 and has gained a reputation as a leader in the field of taxi medallion financing.
The company's primary business is medallion lending, which involves providing loans to taxi drivers who are purchasing or refinancing their medallion. A medallion is a license that allows a taxi driver to operate in a certain city, and it is required by law. Medallions are expensive, and many taxi drivers need financing to be able to purchase them. Medallion Financial offers loans to qualifying drivers, with collateral in the form of the medallion itself.
In addition to medallion lending, Medallion Financial also provides loans to other transportation businesses, such as car service companies, limousine operators, and paratransit companies. The company has a deep understanding of the unique needs and challenges faced by these businesses and tailors its lending services accordingly.
Medallion Financial also offers insurance services to taxi and other transportation businesses. This includes liability insurance, physical damage insurance, and workers' compensation insurance. Having these types of insurance is essential for businesses in these industries, and Medallion Financial makes it easy for its clients to obtain the coverage they need.
The company has experienced significant growth since it was founded, with its loan portfolio increasing from $50 million in 1999 to over $1 billion today. Medallion Financial's success can be attributed in part to its expertise in the transportation industry, as well as its focus on providing exceptional customer service to its clients.
Overall, Medallion Financial Corp is a reputable financial services company that has carved out a niche in the transportation industry. Its specialization in medallion lending and other transportation financing, as well as its insurance services, has made the company a leader in the industry.
Company Address: 437 MADISON AVENUE, 38th Floor NEW YORK 10022 NY
Company Phone Number: 328-2100 Stock Exchange / Ticker: NASDAQ MFIN
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