PRIVATE LOAN FOR TAXI

PRIVATE FINANCING FOR TAXI BUSINESS PLATE

A private loan for taxi is defined by a credit facility granted through private investors who provide with funding for a taxi driver or an independent person who wants to be a taxi owner.

A private loan for taxi is mainly dedicated to give access to fresh cash to an independent professional who wants to establish its own taxi business.

A private funding for taxi business is covering a large range of costs and expenses related to setting up a taxi venture and they consist of:

  • Acquisition of car or vehicle.
  • Taxi plate or license.
  • Taxi meter and payment equipment.
  • Taxi driver training and certification.

The private financing of a taxi business once the taxi driver has settled, variable costs and expenses remain such as:

  • Fuel costs and car maintenance.
  • Insurance.
  • Contribution fee to call centers.

A private loan for a taxi business should be secured through a loan agreement which determine the role of a lender as cash provider with debt or as investor becoming shareholder of the new taxi company.


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