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

Business Lenders Jumps Into Top Ten

CLIFTON, NJ - December 8, 1998 - Less than one year after being given preferred lender status by the U.S. Small Business Administration (SBA), Business Lenders, LLC today announced that it was ranked third overall among non-bank lenders in New Jersey.

Of all Small Business Administration lenders in New Jersey, Business Lenders ranked in the top twelve.

"This is a milestone for Business Lenders," said Larry Kneip, vice president and team leader. "These rankings reflect our team's tremendous dedication to small- and mid-sized business owners in New Jersey, and to helping them realize their professional goals. It's their vision and eventual success that is most rewarding for us."

Headquartered in Hartford, Connecticut, Business Lenders, LLC operates offices in Clifton and Somers Point, New Jersey, as well as Massachusetts, Rhode Island, New York, Arizona, and Illinois. As the nation's tenth largest non-bank Small Business Administration (SBA) lender, the company provides conventional commercial loans and start-up loans to small- and mid-sized businesses. A member of the Medallion Financial Group (Nasdaq: TAXI), Business Lenders is committed to finding creative solutions for clients. Business Lenders can be reached at (800) 646-7689

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