top of page
WHAT WE LEND ON
Three ways to borrow.
Purchase
Financing a medallion you're buying, first-time or repeat.
Buying a medallion
Paired with our own transfer desk
Refinance
Restructuring an existing loan to lower the monthly payment.
Already carrying a loan
Payment relief, legacy debt
Small loan
Cash borrowed against a medallion you already own outright.
Medallion paid off
No sale, no full refinance
HOW IT GOES
Four steps, one office.
01
Call us
Tell us the medallion and the number you need.
02
We review
Underwritten in-house, not sent to a bank.
03
Terms
Structured around your situation, in writing.
04
Close
Transfer and insurance handled down the hall.
BEFORE YOU CALL
Questions we get every week.
What down payment do I need?
It depends on the medallion and your situation. Call with the purchase price and we'll tell you the range the same day.
How long does approval take?
Because we underwrite in-house, you're not waiting on a bank committee. Most answers come back in days, not weeks.
Can I refinance a loan I have elsewhere?
Yes. Bringing an outside medallion loan to us to lower the monthly payment is one of the most common things we do.
Do I have to buy through Westway to finance through Westway?
No. We finance medallions bought anywhere, though doing both here means one office handles the loan, the transfer, and the insurance.
My medallion is paid off. Can I borrow against it?
Yes — that's a small loan. You keep the medallion in your name, and there's no sale and no full refinance.
I've been turned down before. Is it worth calling?
Banks price medallions off a model. We've valued them for nearly 50 years, and we look at the whole picture rather than one number.
bottom of page