About us

Who we are and what we fund

equipal brings businesses together with equipment vendors and institutional funders in a single digital marketplace.

Whereas most traditional asset finance companies and banks carry transactions with a combination of offline manual processes and online manual processes, our web application carries all the processes digitally, some manual but most automated.

Some of the assets listed on our leasing marketplace that we fund include HGV tractor units, trailers, vans, commercial vehicles, CNC machines, laser cutting machines, 3D printing machines, robotics, forklift trucks and aerial lifting platforms.

What makes us different

An all-in-one tech solution, connecting equipment vendors, users and funders

Vendors

Customer

Funders

After submitting a finance request in just 90 seconds, all finance offers are received in the platform. View and sign documents digitally, before managing all of your documentation online using our portal.

The equipal platform has been engineered from the ground up to specifically address the requirements of growing businesses and equipment vendors. Our technology is constantly developing to meet customer needs and ensure an enhanced digital experience.

Our Values

Clear

We believe in providing a transparent service to help business owners make informed decisions.

Competitive

Our rates are often lower than traditional, high-street banks, starting from 4% flat / 7.75% APR.

Convenient

We strive to make your finance journey hassle-free, so you can spend time on growing your business.

Growing business icon (previously target).png

We help growing businesses access the funding they need to drive growth.

We believe growing businesses should have the same access to fast, fair and affordable equipment finance and tailor our service to provide a solution to all businesses who choose us.

Meet the team

Eamonn McMahon

MD & Founder

Nine years of investment banking focused on asset-backed finance. Traded ABS, arranged funding for portfolios of SME credit and structured funding for lease portfolios.

Has a degree in Economics and Finance from University College Dublin and has passed CFA Level 2.

Matt Price

Product & Operations Associate

While studying for his degree in Automotive Engineering at Loughborough University, Matt first joined equipal in 2020 as an Intern and successfully implemented a proprietary asset tracking system.

Matt successfully founded his own business Mill Bank Coffee a fast-growing, regional leader in coffee roasting.

Iraz Akkus

Marketing & Growth Associate

Iraz is a BSc Politics and Philosophy graduate from the London School of Economics (LSE).

She has previously worked as a marketing intern at another B2B firm focusing on email marketing and content management, with a strong background in editorial work.

Rita Remoaldo

Junior Software Developer

Rita is currently completing her Computer Science undergraduate degree at the University of London and is coming into equipal with a strong background in Software Development at Kaedim and Januus.io.

James Thomson

Consultant CTO

Full stack engineering background and over 12 years professional experience in commercial software development and infrastructure management.

Executed on projects while managing multi-functional teams at EE, Zoopla Property Group and Accenture. BSc in Computer Science (Durham).

Pierre Decla

Advisor

As CFO of GE Capital Industrial Finance Europe, Pierre led the creation of captive finance across Europe for the healthcare equipment business.

Pierre holds a Master in International Business Management from EM Strasbourg and an Executive MBA from HEC Paris.

Contact Us

If you need assistance, use any of the following points of contact:

Intercom

Available on our platform and our website, using Intercom one of the team will pick up any questions Vendors and Customers may have while using the platform and website.

If you have an enquiry your dedicated account manager should be your first point of contact. However, general enquiries can also be directed to info@equipal.co.

Phone

If you would like to speak to one of the team you can call us directly on 07947 540798 or book a meeting using the calendar on the right.

Not looking for equipment right now?

Let's keep in touch

How is our data protected on the equipal platform?

equipal have invested considerable time and money ensuring the best possible protection for your data is in place. We are registered with the Information Commissioner's Office (ZA 284955), have a data policy in place and ensure strict segregation of personal data.
Is equipal authorised by the FCA?

No. equipal is a technology platform that empowers businesses to source funding on heavy equipment and machinery. We do of course adhere to UK law and offer the highest level of transparency to our users. All our documents are presented in plain English.
Can I source operating leases or short-term rentals on the platform?

No. Funders on our platform exclusively offer Finance Leases (minimum two years), Hire Purchase Agreements and loans secured on the equipment and machinery.
How long will it take for me to secure finance on your platform?

Typically we will provide feedback from credit within 3 hours. Once approved, payments will be made within another 3 hours via faster payments. On rare occasions this may not happen and our team will work hard to ensure you are presented with an alternative solution.
Why should I use asset finance over a normal loan?

Two reasons: Firstly, asset finance typically affords the borrower better terms than an unsecured loan because the funding is lower risk. Secondly, asset finance, particularly leasing, helps to keep your credit lines 'clear'. Your primary bank will often not consider the lease as 'overhanging' debt.
How do I receive the funds?

We process the finance agreements using docusign and transactions using faster payments straight to the equipment vendor.
Are we party on the agreement?

We consider equipment suppliers partners and we work closely with them having developed our platform with their feedback in mind. Nonetheless we are not offering vendor finance and the obligor is always the business taking on the asset finance. While equipment suppliers must accept our terms and conditions they are not part of the financing agreement.
Must we commit to exclusively using the equipal platform?

No. While we expect the equipment suppliers to become increasingly comfortable with our range of funders and powerful technology we understand that equipment suppliers may wish to have alternative partnerships in place.
What are the advantages for a vendor of equipment to use the equipal platform?

Equipment vendors benefit from faster, more diverse sources of asset finance for the customers. This helps ensure an easier sale and that the customer will be able to acquire the best equipment possible.
Is there any cost to using the equipal platform?

No there is no cost for the equipment supplier. By using the technology there are in fact, efficiency and time savings to be achieved. Furthermore we plan to offer our partner equipment suppliers data and analysis.

Complaints Procedure

We appreciate your custom and its important that you are satisfied with the service you receive from our platform.

All complaints are handled with care and will be reviewed by the MD.

Should you have any cause for complaint, please contact us in the first instance by email (info@equipal.co), phone (07947 540798) or in writing to equipal, Northway house, 257 Upper St, London, N1 1RU. You will receive a full response within 5 working days.

Should you remain dissatisfied we have an arbitration procedure in place that we can suggest.