Taxi Business Loans UK
Get up to £6000 funding within 24-48 hours
Get quick and flexible funding for your taxi business. Whether you need new vehicles, system upgrades, or seasonal cash flow, an MCA can help you grow.
- Low Interest
- Low deduction
- Maximum time
- Multiple loan positions
Types of Taxi Business Loans
Understanding your funding options is essential for growth. Here are five popular loan options for taxi businesses:
1. Merchant Cash Advance (MCA)
Receive upfront funding based on your daily card sales. Repayments adjust automatically, so you pay more during busy times and less when it's quieter.
2. Vehicle Financing
Purchase or lease new vehicles with fixed monthly repayments, making it easier to budget.
3. Short-Term Loans
Quick, one-time funding for urgent needs, like fleet repairs, stock replenishment, or marketing.
4. Business Lines of Credit
Access flexible funds that you can use when needed. Pay interest only on what you borrow—ideal for emergency repairs or cash flow gaps.
5. SBA Loans
Government-backed loans with low-interest rates and long repayment terms, perfect for long-term investments like fleet expansion.
What is Merchant Cash Advance?
A Merchant Cash Advance (MCA) offers upfront funds to businesses in exchange for a percentage of future card sales. It’s a fast, flexible solution designed for businesses with fluctuating revenue, providing funding without the need for collateral or perfect credit.
How MCA Works?
A Merchant Cash Advance provides a lump sum upfront, which you repay through a small percentage of your daily card sales. Payments adjust automatically based on how much your business earns—when sales are high, you pay more, and during slower periods, you pay less. No fixed schedules or complex terms.
Benefits of a Merchant Cash Advance for Taxi Businesses
Merchant Cash Advances (MCA) provide Taxi Businesses with a fast, flexible, and hassle-free funding solution tailored to their unique needs. Whether you’re expanding, upgrading equipment, or managing seasonal cash flow, an MCA offers several advantages:
Flexible Repayments – Aligned with Your Sales
Repay a small percentage of your daily card sales automatically. No fixed monthly payments mean you pay more during busy periods and less when sales slow down, ensuring stable cash flow.
Compatible with Your Card Machine
No need for additional equipment or setup. MCA integrates with your existing PDQ card machine, making repayment effortless and convenient through your card sales.
Get Funded in Just 24 Hours
Access funding quickly with streamlined approvals. Once approved, your funds—ranging from £3,000 to £300,000—can be in your account within 24 hours, so you can act fast on business opportunities.
Unsecured and Stress-Free
MCAs are unsecured, so your business assets remain safe. Approval is based on your sales history, not your credit score or collateral, making it a stress-free option for funding.
Keep 100% of Cash Transactions
Only card sales are used for repayment. Your cash earnings remain untouched, allowing you to manage cash flow effectively and without added strain.
No Hidden Fees
All costs are clearly outlined upfront. You’ll know exactly what you’re paying, with no hidden charges, confusing APRs, or surprises.
Apply Anytime
Submit your application online 24/7. With a quick and straightforward process, you can apply at your convenience and get a decision in hours.
How to Apply for a Taxi Businesses Loan
Flexible Funding to Help Your Taxi Business Grow
The UK taxi industry is valued at over £5.3 billion, with more than 250,000 licensed taxis operating across the country. Demand for reliable transportation continues to rise, driven by urban growth and the increasing popularity of ride-hailing services. Whether it’s expanding your fleet to meet demand, upgrading your booking systems to improve efficiency, or covering unexpected costs during slower months, flexible funding is essential to staying competitive.
A Merchant Cash Advance (MCA) allows taxi businesses to access quick funding based on daily card sales, with repayments that adjust to your income. This flexibility means you can invest in your fleet, technology, and customer experience without the pressure of fixed monthly payments. With quick approvals and funding available within 24-48 hours, you can seize growth opportunities and navigate fluctuations in demand more easily.
FAQs About Taxi Business Loans
You can borrow up to 150% of your average monthly card sales. For example, if your business earns £10,000 per month through card payments, you could access up to £15,000 in funding.
Repayments are flexible and based on a percentage of your daily card takings. This means you’ll repay more when business is busy and less during quieter periods, helping to manage your cash flow.
Yes! As long as you’ve been trading for at least 3 months and process regular card payments, you’re eligible to apply.
The cost of an MCA is based on a transparent factor rate. There are no hidden charges or confusing terms like APR. Everything is clearly explained upfront, so you’ll know exactly what to expect.
You can use the funding for vehicle purchases, repairs, marketing, operational expenses, or business needs.
Get a Merchant Cash Advance quote today
- Low Interest
- Low deduction
- Maximum time
