Exhibit 21.1

List of Subsidiaries of Medallion Financial Corp.



Name                                   Jurisdiction of Incorporation or Formation
- --------------------------------------------------------------------------------
                                   
Medallion Funding Corp.                New York

Medallion Taxi Media, Inc.             Delaware

Business Lenders LLC.                  Delaware

Medallion Capital, Inc.                Delaware

Medallion Business Credit LLC.         Delaware

Freshstart Venture Capital Corp.       New York