Working Capital for Taxi & Rideshare Fleets
Taxi and rideshare fleet owners manage vehicle financing, insurance and driver turnover on a business that runs around the clock. Working capital smooths cash flow between platform payouts and fleet expenses.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so taxi & rideshare fleets never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Commercial auto insurance and medallion or permit costs for a fleet are large, recurring expenses due well ahead of the fares that cover them.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Vehicles taken out of service for repairs stop earning immediately, so delaying maintenance costs more in lost fares than the repair itself.
One approval, draw what you need, and return for additional funding as your taxi & rideshare fleets business performs. Driver turnover means fleet owners are often financing vehicle downtime and onboarding costs for a new driver before that vehicle earns again.
Cover the financing, repair and insurance costs that keep fleet vehicles earning.
Add vehicles or drivers to capture more rides during peak demand.
Bridge the gap between platform payout schedules and daily fleet expenses.
Yes. Qualification is based on monthly revenue and time in business, not fleet size, so a fleet of a few vehicles with $10,000 or more in monthly revenue can qualify.
Approval can happen in as little as 24 hours, with funds available soon after, which is fast enough to get a vehicle back on the road after a breakdown.
No. Paz Working Capital is a purchase of your future receivables and does not require collateral, so your medallion, permits or vehicles are never pledged.
Paz funds taxi & rideshare fleets from $2,500 to $5,000,000. Most taxi & rideshare fleets qualify for $15,000 - $150,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Taxi & Rideshare Fleets funding, approved in as little as 24 hours