Asset finance allows businesses to spread the cost of equipment over an agreed period instead of paying the full purchase price upfront. This helps preserve cash flow while accessing the equipment needed to grow.

Hire Purchase is a finance agreement where a funder buys the equipment and  rents it to the customer for business use. The customer makes the rental payments set out in the payment schedule and, where the agreement includes a purchase option, may buy the equipment at the end of the rental period once all amounts due have been paid.

equipal supports UK-based limited companies seeking asset finance for business equipment. Finance is subject to status, approval, the asset, the customer profile, and the funder’s requirements.

equipal can finance a wide range of business equipment, including manufacturing machinery, vehicles, transport assets, printing equipment, construction equipment, recycling machinery and other hard assets used by UK businesses. Equipment must be a maximum of 6 months old.

equipal combines asset finance expertise with a streamlined digital platform. Instead of relying on lengthy email chains, phone calls, paper forms and manual follow-up, customers and vendors can manage key steps online, including registration, equipment details, finance options, document signing and status updates. Everyone involved can view the same finance timeline, so customers, vendors, and equipal can see where the agreement is up to and what happens next. This helps make the process quicker, clearer, and easier to track.

No. equipal is a technology platform that empowers businesses to source funding on equipment and machinery. We adhere to UK law and provide a high level of transparency to our users, with documents presented in plain English.

equipal has invested considerable time and money in protecting user data. We are registered with the Information Commissioner's Office under registration number ZA284955, have a data policy in place and ensure strict segregation of personal data.

No. Funders on the equipal platform offer Hire Purchase Agreements and loans secured against equipment and machinery.

Yes. The equipal online app is accessible on your PC, laptop or mobile. If you've already got an account, you can login here. Here you are able to manage every part of your asset finance journey, without having to send an email or pick up a phone.

If the agreement includes a purchase option, the customer can usually purchase the equipment at the end of the rental period by giving the required notice and paying the purchase option price, provided all sums due under the agreement have been paid. If the option is not exercised, the equipment must be returned in line with the agreement.