Home > Vendor FAQs
Why develop a vendor relationship with Madison Capital?
Is Madison Capital a broker or direct funding source?
How do my customers apply for leasing?
Does Madison lease anywhere in the U.S.?
Can I offer “private label” financing through Madison Capital?
My customers pay cash. Why should I offer leasing?
My customers think leasing is too expensive. What should I tell them?
Does it cost anything for me to offer leasing?
Am I liable if lessee stops paying?
What if my customers want to finance additional equipment?
How do you calculate monthly payment?
What dollar amount limits (high or low) does Madison Capital have?
What minimum credit score do you desire?
What credit information do you require?
What are Madison Capital’s interest rates?
Madison Capital offers the same basic vendor benefits as other leasing companies; however, when deciding on a leasing company for your product you must consider the leasing company’s reputation. This is true because when you partner with a leasing company it affects your reputation because leasing becomes part of your business. Madison Capital has been in the leasing business for 31 years. We are very reputable, offer knowledgeable support, quick turnaround, and a personal relationship. We commit to your business for the success of both of our businesses.
• Fast Turnaround
• Flexibility
• Financial Strength
• Experience
• Diversification
• One Source
• Credit Independence
• Competitive pricing
• Partnership
• Value added service to client
• Consolidation of sales effort
• Overall cost reduction
• Increased profitability
We are a direct funding source for equipment transactions up to $500,000 and all types of vehicles. For transactions exceeding $500,000, Madison Capital has brokerage capability and experience for transactions up to $10,000,000.
We will provide you with lease applications for your customers. They can also go online to madisoncapital.com to complete an application or to download an application.
Companies of any size, organizations and associations
Yes. We will lease equipment and vehicles in the U.S., Canada, and Puerto Rico
Yes. Private label leasing allows you to provide a leasing option to your customer in your company’s name with funding from Madison Capital.
Offering leasing gives customers options. Many of your customers may pay cash, but how much more could they afford if you offered leasing. Also, if those that paid cash leased instead they would have more capital to grow their business thus needing more and more equipment. Another thing you have to consider is, how many potential customers notice that you do not offer leasing and choose another vendor?
There are many benefits of leasing and it is not expensive. Leasing is simply an alternative source of funds that helps to free up capital for business expenses. 80% of businesses use leasing for some or all of their equipment. We are available to offer training to your sales staff. Or most simply, just direct the customer to Madison for a detailed explanation. We know leasing as well as you know your products. We are here to assist you.
No. Offering leasing will never cost you anything. It will only increase revenue and speed up our payments. We overnight your check within 24 hours of acceptance of your equipment from the end user.
As soon as the equipment is delivered and accepted, we will pay within 24 hours.
No, once you deliver the equipment and the customer finds everything acceptable we pay you and you are no longer liable.
If your customer would like to add equipment to their lease, we will do what is called a master lease. A master lease is a continuing lease arrangement whereby additional equipment can be added from time to time merely by describing that equipment in a new lease schedule executed by the parties. The original lease contract terms and conditions apply to all subsequent schedules. To be contrasted with a lease contract for a single transaction involving a specific unit of equipment, a Master Lease is essentially a line of credit to draw from over time in order to purchase equipment
Monthly payment is calculated by equipment price, lease term and credit level. If you would like an estimate on your monthly payment, use our lease payment calculator.
Madison Capital will fund transactions from $5,000 to $10,000,000.
Customers will have to put down a 10% security deposit or the first and last payments, depending on the type of lease.
We prefer to see credit scores above 650; however, if the customer provides adequate financial information we will consider lower credit scores. We will do everything we can to get a deal funded for your customer.
For smaller transactions we usually only require a completed credit application. For larger transactions and story credits, we may ask for financial statements, tax returns, and personal or corporate guarantees
This would be an appropriate question to ask in the case of a loan. It is not the primary question to ask when considering a lease. The interest rate is just one of the factors when figuring the monthly rate on a lease. We use a factor rate that takes equipment price, lease term, and credit score into consideration when calculating the monthly payment. When considering leasing companies you should compare the bottom line, which is the monthly payment.
“I was greatly pleased with all Madison Capital's flexibility in working with the needs of a small business like mine. They followed through on all aspects of the transaction and the customer support has been excellent.”
–K.C. Hopson, www.EventRebels.com