The Fly | MFIN

Unique SBIC Funding Advantage: Access to Small Business Investment Company (SBIC) licensed capital provides a source of low-cost, long-term, government-backed funding not readily available to traditional lenders.

Diversified Lending Portfolio: Successfully transitioned from a primary focus on taxi medallions to a more diversified portfolio including recreational vehicle, marine, home improvement, and other consumer and commercial loans, reducing single-asset risk.

Specialized Underwriting Expertise: Possesses decades of experience and deep expertise in underwriting and servicing secured loans in niche and specialized asset-backed lending markets.

Medallion Loan Portfolio Valuation Risk: The remaining legacy portfolio of taxi medallion loans is susceptible to further declines in medallion values, potentially leading to increased loan losses and impairments.

Credit Risk and Loan Defaults: MFIN's profitability is exposed to the risk of borrower defaults across its diversified loan portfolio, including specialty finance and consumer loans, which could lead to significant write-offs.

Interest Rate Sensitivity Risk: Fluctuations in interest rates can impact MFIN's net interest margin, affecting its profitability as the cost of funds or the yield on its loan portfolio changes.

Specialized Underwriting Expertise: Possesses decades of experience and deep expertise in underwriting and servicing secured loans in niche and specialized asset-backed lending markets.

Interest Rate Sensitivity Risk: Fluctuations in interest rates can impact MFIN's net interest margin, affecting its profitability as the cost of funds or the yield on its loan portfolio changes.