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The Process
Applicants should provide:
- Completed Madison Capital credit application (via mail, fax, or email)
- Description of Equipment or Vehicles to be leased and cost
- Terms of lease desired
- Financial statement(s) for leases over $35,000
After information is received, Madison Capital will:
- Verify bank account information
- Confirm status with trade references
- Access CBI, TRW, & D&B, and other electronic credit rating agencies as appropriate
- Review Application
We will respond, usually within 24-48 hours (weekends excluded) and:
- Notify you of approval status or request additional information, if needed
- Prepare lease documents
Original lease documents will be sent to the customer or dealer (whichever preferred)
- Please sign in the appropriate places
- Return all of the lease documents to us with either the security deposit or advance payment and documentation fee
- After receipt of the executed lease, we will issue a purchase order to the vendor/dealer
- After receipt of customer’s certificate of acceptance and verbal confirmation of the equipment delivery, we will pay the vendor. The billing process begins immediately after the vendor is paid
“The energy that you expended made the difference between success and ‘who knows what’ in a timeframe that allowed no margin for delay or error. I felt totally taken care of, and what you provided was a complete and seamless process. THANKS! I look forward to letting you provide all of our equipment requirements.”
Dennis Garvey,
Manager of Finance, Deluxe Catering, Inc.
