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Broker FAQs
Who we are:
We are an equipment and vehicle Lessor with over 50 years of combined experience. We provide financing in the United States, Canada, and Puerto Rico. Madison Capital accepts equipment applications from brokers in the range of $5,000 - $300,000 and vehicle/fleet applications from $10,000 - $2,000,000. We provide direct funding and hold the transactions in our own portfolio.
What we do:
- Transactions from $5,000.00 - $35,000.00: Generally, no financials or tax returns required for credit review; lessee needs a minimum of two years in business; Equifax credit scores of 680 or better.
- Transactions over $35,000.00: Minimum 3 years in business; two years financial statements or tax returns; prefer credit scores of 700 or better.
- App only: See “50K application only” program parameters under Credit Guidelines.
- Corp only: 10 or more years incorporated; 15 or more employees; strong D&B; comparable borrowing (50%); not a closely held entity.
- Titled Vehicles: Madison Capital will fund titled equipment, new and used. We will not accept owner-operators. Trucking companies must have a fleet of 5 or more. For other businesses, there are no minimum size fleet requirements.
- Used Equipment and Vehicles: Madison Capital will fund used equipment/vehicles. Maximum age of equipment is flexible providing pricing and condition of equipment are acceptable (at our discretion). Equipment over 5 years old requires stronger credit.
- Expansion or New Locations: We will consider these transactions on a deal-by-deal basis: credit must be strong and requirements may be more stringent.
- Start-up: We will consider this type of transaction for professional industries such as physicians, dentists, attorneys, etc; personal credit must be clean with strong personal financial statements.
- Software only: Acceptable for strong credits.
What we don't do:
- Applications with excessive leasing inquires.
- Sub prime transactions.
- Sale-leasebacks – unless titled equipment/vehicles with clean title.
- Tanning beds, owner operators, chiropractors, route ATM’s and vending, HVAC, start-up restaurants (with no prior experience), logging.
- Re-brokered transactions.
