In Brief: Medallion Buys Minn. Investment Company

Medallion Financial Corp. last week closed its $30 million acquisition of Capital Dimensions Inc., a Minneapolis-based specialized small-business investment company.

Medallion, which is in New York, also said its Business Lenders subsidiary has been approved as a participating lender in the U.S. business and industry guaranteed loan program. The program guarantees up to 80% of a loan's amount, up to a maximum of $10 million, for loans that meet certain criteria.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER