Taxi Medallion & Vehicle Financing Application

Finance Your Taxi Medallion and Vehicle with Confidence

Starting or expanding your taxi business requires significant capital investment, and navigating the financing process can feel overwhelming. Our Taxi Medallion & Vehicle Financing Application template streamlines the entire application process, making it easier for taxi operators, fleet owners, and aspiring drivers to secure the funding they need.

Why Use This Template?

Whether you're purchasing your first medallion, upgrading your vehicle, or expanding your fleet, this form captures all the essential information lenders need to evaluate your application—from medallion costs and vehicle specifications to licensing verification and insurance documentation. Built specifically for the taxi and transportation industry, this template understands the unique requirements of medallion financing.

Paperform makes the financing application process smooth and professional. Instead of juggling multiple PDFs, email chains, and phone calls, you can collect complete applications online with a form that looks professional and works seamlessly on any device. Your applicants can save progress and return later, upload documents directly, and receive instant confirmation when their application is submitted.

Perfect for Taxi Industry Lenders and Operators

This template is designed for:

• Commercial lenders and credit unions specializing in taxi medallion financing
• Taxi fleet owners helping drivers with owner-operator financing programs
• Transportation finance companies offering specialized vehicle and medallion loans
• Taxi associations providing financing assistance to members
• Independent drivers transitioning to medallion ownership

The form collects everything needed for underwriting: personal and business information, medallion purchase details, vehicle specifications, existing licenses and permits, insurance coverage, financial history, and supporting documentation.

Key Features of This Template

Comprehensive Application Sections: The form is organized into logical sections that guide applicants through personal information, business details, medallion acquisition costs, vehicle requirements, licensing verification, financial information, and insurance documentation. Each section builds a complete picture for lenders.

Document Upload Made Easy: Multiple file upload fields let applicants attach their driver's license, taxi license, insurance certificates, bank statements, tax returns, and vehicle inspection reports—all in one submission. No more chasing documents through email.

Smart Conditional Logic: The form adapts based on answers. New applicants see different questions than existing medallion owners looking to refinance. Vehicle purchase questions appear only when relevant. This keeps the form focused and efficient.

Financial Calculations: Built-in calculations can help applicants understand total project costs by adding medallion purchase price, vehicle costs, licensing fees, and insurance deposits. This transparency helps both parties start conversations with realistic numbers.

Professional Brand Experience: Customize colors, fonts, and logos to match your lending institution's brand. Add your company's trust signals, testimonials from successful borrowers, or information about your competitive rates. First impressions matter in financial services.

Streamline Your Workflow with Automation

Beyond collecting applications, Paperform helps you process them faster:

Instant Notifications: Get email or Slack alerts the moment a new application arrives. Route applications to the right loan officer based on location, medallion type, or loan amount using conditional logic.

CRM Integration: Automatically send application data to your loan management system, Salesforce, HubSpot, or other CRM. Keep your pipeline updated without manual data entry.

Workflow Automation with Stepper: Use Stepper to build automated workflows that kick in after submission. Create tasks for document verification, schedule applicant interviews, request additional information, or send status updates—all without manual intervention. Stepper keeps your lending process moving efficiently from application to approval.

Document Management: Collect and organize all supporting documents in one place. Integrate with Google Drive, Dropbox, or your document management system to automatically file applications and attachments for easy retrieval during underwriting.

E-Signature Integration: Once approved, use Papersign to send loan agreements, security agreements, and disclosure documents for electronic signature. Keep the entire process—from application to signed contract—digital and traceable, with a complete audit trail linked to the original application.

Built for the Unique Needs of Medallion Financing

Taxi medallion financing has specific requirements that generic loan applications miss. This template captures:

• Medallion-specific details: Medallion number, jurisdiction, transfer type (new purchase vs. transfer), and current medallion values
• Vehicle specifications: Make, model, year, VIN, accessibility features, and compliance with local taxi commission requirements
• Licensing verification: Taxi license numbers, expiration dates, endorsements, and clean driving record confirmation
• Insurance requirements: Commercial auto coverage, liability limits, medallion insurance, and gap coverage options
• Business structure: Whether applying as an individual owner-operator, partnership, or fleet corporation

This level of industry specificity shows applicants you understand their business and gives underwriters the exact information they need without follow-up requests.

Compliance and Security You Can Trust

Financial applications contain sensitive personal and business information. Paperform is SOC 2 Type II compliant and built with bank-level security to protect applicant data. All submissions are encrypted, and you control who on your team can access applications through role-based permissions.

Add required consent checkboxes for credit checks, terms and conditions, and privacy policy acknowledgments. Capture electronic consent that holds up in regulatory reviews.

Easy to Customize for Your Lending Program

Every lender has slightly different requirements. Paperform's intuitive editor lets you add, remove, or modify questions without any coding. Adjust the form to match your:

• Minimum credit score requirements
• Down payment percentages
• Geographic lending area
• Medallion types (individual, corporate, mini-fleet)
• Vehicle age restrictions
• Required documentation

Make changes in minutes and publish updates instantly. Your form evolves as your lending programs change.

Who Benefits Most?

This template is ideal for commercial lenders, credit unions, transportation finance companies, and taxi associations serving the taxi and for-hire vehicle industry. It's particularly valuable for lenders who:

• Process multiple medallion loan applications per month
• Want to reduce application processing time and follow-up requests
• Need to collect standardized information for underwriting
• Serve both individual owner-operators and fleet businesses
• Require extensive documentation upfront

The template is also helpful for taxi fleet owners who facilitate financing for their drivers transitioning to ownership, and taxi associations that provide financing assistance or referral services to members.

Get Started in Minutes

This template is ready to use out of the box, or customize it to match your exact requirements. Add your logo, adjust the questions, set up your integrations, and start collecting professional loan applications today.

Paperform's flexible pricing scales with your business, from small regional lenders to large transportation finance companies. With generous submission limits and powerful features at every tier, you get enterprise-grade functionality with SMB-friendly pricing.

Transform your taxi medallion financing process from paperwork chaos to digital efficiency. Start with this template and discover why over 500,000 teams trust Paperform for their most important forms.