Cash advances for UK taxi firms.
For taxi operators, private hire firms, and minicab fleets. Funded against your card takings, app payments, in-car card readers, and account jobs. Built for operators running fleets in a changing mobility market.
A note on the lender panel
Taxi and private hire has a mid-range lender panel. Fixed costs typically 1.25-1.35. Operators with majority app-based card volume fare better than operators with heavy cash-street-hail mix. Licensing status matters, clean licences and operator records are important.
What MCA means for a taxi or private hire firm.
Taxi and private hire card patterns have shifted dramatically. App bookings (Uber, Bolt, in-house apps) are 100% card-paid. In-car card readers are now standard. Fleet card takings come in consistent daily flow. The mixed-mode challenge is operators with a mix of app, phone-booking, and street-hail work, all pay in different ways. MCA uses: fleet expansion, EV conversion, vehicle replacement, dispatch software upgrade, app platform build, licensing costs and preparation for regulatory changes.
Sound familiar?
Fleet refresh or EV conversion.
Modern vehicles £15k to £40k each, often multiple vehicles needed. Licensing authorities increasingly require newer vehicles.
Asset finance wins on cost for named vehicles. MCA for working capital around the fleet change, driver training, downtime cover, charging infrastructure.
Dispatch software or app platform upgrade.
Modern dispatch + booking app + driver app, £15k to £50k for a comprehensive platform.
MCA funds the build. Modern platform lifts booking conversion and driver utilisation; card takings grow alongside.
Licensing or emissions compliance costs.
ULEZ, CAZ, licensing renewal fees, vehicle inspections, compliance documentation, £5k to £25k depending on fleet size.
MCA bridges the compliance cost peak. Compliance enables continued trade; card takings continue funding repayment.
Here's what it actually costs.
A private hire firm borrows £15,000 for dispatch software and licensing costs. Monthly card takings: £28,000. £15,000. Average monthly card takings £28,000. Fixed cost 1.28. 13% daily repayment % on card sales, total cost £4,200.
These figures are illustrative. If a term loan or asset finance fits your situation better, we'll tell you.
Open the fixed cost calculator →Work out the real cost.
New businesses typically start at a higher daily % and a shorter term.
Illustrative only, not a quote.
- Advance£15,000
- vs card takings54%
- Fixed cost1.28
- Daily repayment£120
- Avg monthly£3,640
- Est. term5.3 months
Illustrative. The fixed cost is set on day one; daily repayment varies with takings. Term capped at 18 months.
Illustrative only, not a quote. Every figure here is subject to the funder. Funders advance anywhere from 100% up to 150% of monthly card takings, so 150% is not guaranteed, and the fixed cost is not guaranteed either. Your actual advance, fixed cost and terms depend on the funder and your business profile.
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Apply with these numbersOperators we've helped.
£12,000 funded dispatch software upgrade and driver onboarding, repaid in 5 months.
Illustrative composite. 25-driver private hire firm, £25k/mo card takings split between app and account bookings. MCA at 1.27 factor, 13% daily repayment. New dispatch software live within six weeks, driver utilisation lifted 12%, monthly card takings reached £31k by month four. Advance repaid comfortably.
Illustrative composite scenarioTaxi & private hire firms, quick answers.
Cash fares don't drive MCA capacity, card fares do. If cash is 40%+ of revenue, MCA capacity is proportionally lower than total turnover suggests. If in-car card readers are mandatory and used, card volume is usually strong.
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