Applicants should provide:
- Completed Madison Capital credit application (via mail,
fax, or online)
- Description of Equipment or Vehicles to be leased and
cost
- Terms of lease desired
- Financial statement(s) for leases over $20,000
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 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
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