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Welcome! |
7300 Chapman Highway
Knoxville, TN 37920
Email: credit@ladco.com
Vendor Phone: (888) GO LADCO
Customer Service: (800) 678-8666
Fax: (877) 460-1814
 Equipment Leasing Features
 
Standard Leasing Factors
Grade 12th Month 24th Month 36th Month 48th Month 60th Month
Platinum 0.0000 0.0000 0.0000 0.0000 0.0000
A Rate 0.0888 0.0463 0.0325 0.0261 0.0000
B Rate 0.0916 0.0500 0.0374 0.0313 0.0000

Leasing Factors for $1.00 Buy Out
Grade 12th Month 24th Month 36th Month 48th Month 60th Month
Platinum 0.0000 0.0000 0.0000 0.0000 0.0000
A Rate 0.1171 0.0528 0.0353 0.0276 0.0000
B Rate 0.1208 0.0570 0.0406 0.0331 0.0000

Up Front Commissions:
Standard Leasing Factors

No commission paid.
Up Front Commissions:
$1.00 Buy Out Factors
$1 Buyout.
On - Going Payments N/A
Guaranteed Lease Approvals N/A
Key Contact A representative from our Vendor Relations Department will be assigned to your account. A designated Program Manager will expedite all aspects of your lease funding needs - from scoring, documentation, lease verification and trouble-shooting a deal, to ongoing portfolio management. To ensure consistency, whenever you have a question or problem, you deal with the same person all the time.
Application Submission Application can be submitted via fax.
Verifications LADCO handles lease verifications until 7 p.m. (CST) Monday through Friday.
Funding If your leased equipment is installed and verified by 4 p.m (CST) we can initiate the ACH credit of your funding amount into your office checking account the same day.
Confirmation Prior to Funding
Advance Payment None Required. The first payment will be collected via ACH within 10 days of funding.
End of Lease As per the amount(s) for the applicable Residual Value Category on the Lease Price Guide for all equipment specified on the lease document. The residual value amount stated on lease document must match this amount. No sharing of end of term payments with MSP.
Document Fees None
Recourse 1st ACH payment - Full recourse through successful collection of 1st ACH payment. Full recourse for duration of lease term for reasons of fraud, forgery, or misrepresentation.
Equipment Type Approved POS Processing Hardware, limited to equipment included on Lease Price Guide.
Insurance Proof of Insurance required prior to funding on all Leases where the invoice exceeds $2,500.00
Notes LADCO will make every commercial effort to approve merchant leases but reserves all rights to decline leases for non-credit qualified merchants. The minimum acceptable fico score will be 630. Funding amounts are subject to Ladco maximum funding limits based on equipment types. No additional fees can be charged to the customer by the MSP relating to the lease if they are not explicitly permitted in the agreement, lease, or plan

Background

LADCO is a wholly owned subsidiary of US Bank. US Bank is headquartered in Minneapolis MN and is publicly traded on the NYSE (USB). Business lines - Wholesale Banking, Consumer Banking, Payment Services, Private Client & Trust Management and Treasury & Corporate Management.

Enrollment

Complete and submit the faxable application and a Business Development Representative will contact you within the next 24 hours, Monday through Friday, 8 a.m. to 5 p.m. CST.