Madison Capital currently offers a variety of equipment leasing and financing programs tailored to your specific objectives. Here are two popular ones:
10% Security Deposit
This program requires a deposit of 10% of the original equipment cost. At the end of the lease term, there are three options:
- Return the equipment and receive the balance of the security deposit, less any refurbishing costs and/ or outstanding taxes and fees
- Continue to lease the equipment on a month-to-month basis
- Purchase the equipment for the Fair Market Value not to exceed 10% of the original financed amount. The initial security deposit may be applied towards this purchase option.
Benefits of 10% Security Deposit Structure:
- Lower monthly payments
- Potential tax savings
- Entire monthly payments may qualify to be deducted as an operating expense (Note: Before making any decisions concerning tax ramifications, you should consult your accountant .)
- Easier credit approval
Full Payout $1.00 Buyout
The purchase option at the end of this program is $1.00. This lease is considered a Capital Equipment Lease and should be treated as a finance purchase.
Equipment Finance Agreement
An Equipment Finance Agreement (E.F.A.) is treated as a loan where the borrower is the title holder and Madison is a lien holder on the financed equipment.
Within the structures outlined above, there are various payment options. Madison Capital offers the ability to have seasonal payments, 90-day deferred payments, step down payments, step up payments, and quarterly payments. These payment options allow you to structure payments to best fit your budget and business goals.
Madison can also offer a master lease. A master lease allows you to get approved for a line of credit to be used as needd. This approval allows you to get multiple pieces of equipment, at different times, without having to fill out another application or sign another lease agreement. If more than three months have passed since the initial credit review the credit file may need to be updated.
The following are examples of equipment Madison Capital will lease: