Loan & DebtJun 12, 2026, 08:36 AM
Medallion Financial Cures SBA Debenture Default
AI Summary
Medallion Financial Corp. announced that its subsidiary, Medallion Capital, Inc., received notification from the Small Business Administration (SBA) regarding the satisfactory completion of background checks for two submitted candidates. This development effectively cures a previously disclosed event of default concerning Medallion Capital's outstanding SBA debentures.
Key Highlights
- Small Business Administration (SBA) notified Medallion Capital, Inc. of satisfactory completion of background checks.
- Background checks were for two submitted candidates.
- This action cures the previously disclosed event of default.
- The default was related to Medallion Capital's outstanding SBA debentures.
Price Impact
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