Exhibit 21.1

LIST OF SUBSIDIARIES OF MEDALLION FINANCIAL CORP.

Name	Jurisdiction of Incorporation or Formation
Medallion Funding Corp.	New York
Medallion Lending LLC (formerly Business Lenders, LLC for the period up to October 17, 2005)	Delaware
Medallion Capital, Inc.	Minnesota
Medallion Business Credit, LLC	Delaware
Freshstart Venture Capital Corp.	New York
Medallion Bank	Utah
MedOreo Co., Inc.	New York
Generation Outdoor, Inc	Delaware
Medallion Hamptons Holding LLC	Delaware