Madison Capital will no longer offer direct financing for new equipment and vehicles, effective Dec. 31, 2024. The company will continue to service existing clients and active accounts, while also working as an intermediary for those clients seeking additional financing for new transactions.
“After 40 years as a direct funder and careful consideration, we have made the difficult decision to no longer provide direct financing,” Nancy Pistorio, president of Madison Capital, said. “Changes in the competitive landscape and the significant, ongoing investments required in technology and for regulatory compliance were some of the key factors that contributed to our decision. We value our many great referral partners who have contributed to our success over the years, and we are grateful for the loyalty, trust and deep relationships we have built.”
Madison Capital’s clients have been notified directly about the upcoming changes and will continue to have access to the company’s expertise servicing their existing loans as well as assisting them in securing sources for new funding needs.
