Application-only means a short credit application instead of a full underwriting package — the difference between winning a job and watching the machine sell to someone else.
Application-only financing means you can request funding for construction equipment with a short credit application instead of a full underwriting package. For most contractors, that is the difference between winning a job and watching the machine sell to someone else.
What application-only actually means
Lenders group deals by how much documentation underwriting needs. Application-only programs rely on business credit history, time in business, and the value of the equipment itself as collateral. Because the machine secures the loan, the lender can move quickly and price the deal competitively.
At Accel Business Capital we work application-only from $50,000 up to $750,000 for qualified businesses, on both new and used iron from dealers or private parties.
Who typically qualifies
- Two or more years in business under the same entity
- Reasonable business and owner credit history
- Equipment that holds resale value: excavators, dozers, loaders, cranes, dump and vocational trucks
- A clear invoice or quote from the seller
How the timeline works
A complete application is usually reviewed the same business day. Approvals arrive with term options, and once documents are signed the seller is funded directly. Most deals close in a few business days rather than the multi-week cycle of a traditional bank facility.
Why contractors choose financing over cash
Buying with cash drains the working capital you need for payroll, fuel and mobilization. Financing spreads the cost across the revenue the machine produces, keeps your bank lines open for operations, and often carries tax advantages worth reviewing with your accountant.