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FOR IMMEDIATE RELEASE

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

Edward Burke Named Vice President at Business Lenders

HARTFORD, Conn., September 12, 2001 - Edward Burke, a seasoned SBA lender and former retail business owner, has joined Business Lenders, LLC, as a vice president. Mr. Burke, who has over 15 years commercial lending and business management experience, specializing in start-up operations and organizational procedures, has a strong background in cost analysis and business strategy. In his new position, Mr. Burke will be responsible for business development and serve as an additional lender in the company's Hartford headquarters office.

According to Penn Ritter, president of Business Lenders, "Ed Burke has a substantial amount of business management and lending experience. He knows very well the struggles and pressures of small businesses."

Prior to joining Business Lenders, LLC, a non-bank, SBA-preferred lender, and member of the Medallion Financial Group, Mr. Burke was a key player in the start-up of Commercial Capital Corporation, New York, a nationally licensed U.S. Small Business Administration (SBA) lender, and established Commercial Capital's franchise-lending program. At Commercial Capital, he worked on financing solutions for a wide range of businesses throughout the nation, ranging from a small sandwich truck to a multi-million dollar manufacturing plant. His experience in small business also includes many years in the hospitality industry, managing two Chuck's Steak Houses, in Danbury, Conn., the Bulls Bridge Inn, in Kent. Conn., and the Dobber's Den, in Washington, Conn.

Mr. Burke attended Ohio State University, majoring in aeronautical engineering, with additional specialty training from the New England College of Finance and the National Association of Government Guaranteed Lenders.

Business Lenders, LLC, is a non-bank, SBA-preferred lender offering small to mid-sized companies loans from $100,000 to $2 million, for real estate, debt consolidation, equipment purchases, growth and expansion, acquisitions and cash flow improvement. Business Lenders is a unit of Medallion Financial Corporation, a New York-based specialty finance company, which offers a full spectrum of business lending services through its many subsidiaries. Medallion is listed on NASDAQ with the symbol, TAXI.

For additional information from Business Lenders, write to the company at 15 Lewis Street, Hartford, Conn. 06103, telephone 877-34LOANS, or visit the company website at: www.businesslenders.com.

 

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