---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-023132"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:01:52.218025+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Medallion Capital gets SBA commitment for $18.5M in debentures

## Summary
- SBA committed $18.5M in debenture leverage to Medallion Capital (MFIN subsidiary).
- Leverage fee: $185K paid upfront; $370K deducted pro rata on draws.
- Draws allowed in whole or part until September 30, 2028.
- Commitment subject to SBA creditworthiness and compliance with 13 CFR Part 107.

## SEC filing metadata
- accession: 0000950170-24-023132
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000095017024023132/0000950170-24-023132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000095017024023132/mfin-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-023132
- JSON: https://secwatch.observer/filing/0000950170-24-023132.json
- Plain text: https://secwatch.observer/filing/0000950170-24-023132.txt

## Key facts
- Material Agreements
  MEDALLION FINANCIAL CORP entered into Commitment with Small Business Administration valued at $18,500,000 (effective 2024-02-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Small Business Administration
  - Value: $18,500,000
  - Effective: 2024-02-28
  source text: On February 28, 2024, the Small Business Administration committed to reserve leverage in the form of debentures in an amount equal to $18,500,000 (the “Commitment”) to Medallion Capital, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000209/000095017024023132/0000950170-24-023132-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.