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     Judy Hart
     Senior Vice President
     Director of Marketing
     (860) 244-9202

BUSINESS LENDERS ADDS ADDITIONAL LENDER IN PHOENIX
Hires Former VP from Union Bank

PHOENIX, Ariz. - April 4, 2000 - Business Lenders, LLC, a non-bank, Preferred Small Business Administration (SBA) lender, continues its nationwide growth -- and its commitment to the Arizona market -- by adding an additional lender to its Phoenix office.

Alan Jewells, who brings more than 10 years of experience in commercial lending and retail banking, comes to Business Lenders from Union Bank of Arizona, where he served as vice president of lending, responsible for the bank's SBA/Government Guaranteed lending programs. He previously had served in senior positions at Pacific Coast Mortgage, RMR Group, Century Bank, and the National Bank of North East.

"Alan's written just about every kind of loan and managed just about every kind of lending program you can imagine," says Business Lenders' President Gary Mullin. "When Arizona lenders come to our Phoenix office, they'll find a knowing friend in Alan. As a complement to our office in Scottsdale, he'll be an asset to Arizona's small businesses as well as to us. We're very pleased to welcome Alan to Business Lenders."

Jewells, who has a bachelor of arts degree from Messiah College in Grantham, PA, has completed several post-graduate programs at the American Institute of Banking and the Central Atlantic School of Commercial Lending. He resides in Upper Peoria.

Headquartered in Hartford, Connecticut, Business Lenders is one of the nation's top-ten, non-bank, SBA lenders, with approval to lend in 47 states. A member of the Medallion Financial Group, a New York-based specialty finance company (NASDAQ symbol: TAXI), Business Lenders received the SBA's Gold Award for its volume of approved loans in 1999 and can be reached toll free at (877) 345-6267

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Business Lenders, a member of the Medallion Financial Group Why Business Lenders?
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