PRIVATE LOAN FOR TAXI
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.
- 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.