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The Process
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
“Madison Capital has been very flexible this year in accommodating Coinmach’s special needs. Coinmach has been trying out of the box and creative in obtaining fleet vehicles that meet our specifications and Madison has been a partner in helping us do this.”
Lisa Kneggs, Fleet Manager
Coinmach Corporation & Appliance Warehouse
