Medallion Capital says SBA notifies unit it has cured default on SBA debentures pending background checks

Medallion Financial Corp.

Medallion Financial Corp.

MFIN

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  • Medallion Financial’s Medallion Capital submitted two candidates to the SBA, curing a previously disclosed default on SBA debentures.
  • The cure remains subject to satisfactory completion of the candidates’ background checks.
  • Medallion Capital expects the background checks to be completed satisfactorily.


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