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Get filing alertsMedallion Capital cures SBA debenture default after background checks clear
Filed June 12, 2026 · Period ending June 11, 2026 · ~1 min read
Key Changes
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SBA confirmed satisfactory completion of background checks for two candidates on June 11, curing a previously disclosed event of default on Medallion Capital's outstanding SBA debentures.
Item 8.01 verify on EDGAR →
Summary
Medallion Capital received notification from the Small Business Administration that background checks for two submitted candidates were satisfactorily completed, resolving a technical default on its SBA debentures. The default had stemmed from compliance requirements tied to personnel background checks, placing the company's SBA debt in technical breach until the checks cleared.
With the SBA's June 11 confirmation, the event of default is now cured, removing a regulatory overhang on the company's SBA-backed financing. For holders, this closes a compliance matter that could have complicated the company's access to SBA funding or triggered acceleration provisions had it remained unresolved.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 11, 2026, the Small Business Administration notified Medallion Capital, Inc. that there was a satisfactory completion of the background checks for the two submitted candidates, which cures the previously disclosed event of default with respect to its outstanding SBA debentures.
The Small Business Administration confirmed that background checks for two candidates submitted by Medallion Capital were satisfactorily completed. This notification cures a previously disclosed event of default related to the company's outstanding SBA debentures. The resolution removes a compliance issue that had placed the SBA debt in technical default.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 29, 2026 · How we verify