Applicants should provide:
- Completed Madison Capital credit application (via e-mail, fax, or online)
- 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 Credit Bureaus, Paynet, and other electronic credit rating agencies as appropriate
- Review Application
We will respond, usually within 24 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)
- Appropriate parties will execute the documents
- Documents are returned 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
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