---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-185339"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2023-07-11T23:59:59+00:00"
generated_at: "2026-06-13T09:43:32.656354+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Medallion Capital secures $20M SBA debenture commitment; draws available through Sep 2027

## Summary
- SBA committed $20M in debenture leverage to Medallion Capital, a wholly-owned subsidiary of MFIN.
- Commitment accepted July 10, 2023; $200K leverage fee paid, $400K to be deducted pro rata on draws.
- Draws may be made in whole or in part until September 30, 2027, subject to SBA creditworthiness review.
- Proceeds provide additional long-term funding capacity for Medallion Capital's investment activities.

## SEC filing metadata
- accession: 0001193125-23-185339
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2023-07-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000119312523185339/0001193125-23-185339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000119312523185339/d452134d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-185339
- JSON: https://secwatch.observer/filing/0001193125-23-185339.json
- Plain text: https://secwatch.observer/filing/0001193125-23-185339.txt

## Key facts
- Material Agreements
  MEDALLION FINANCIAL CORP entered into Commitment with Small Business Administration valued at $20 million (effective 2023-07-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Small Business Administration
  - Value: $20 million
  - Effective: 2023-07-06
  source text: On July 6, 2023, the Small Business Administration committed to reserve leverage in the form of debentures in an amount equal to $20 million (the “Commitment”) to Medallion Capital, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000209/000119312523185339/0001193125-23-185339-index.htm

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