Even as many commercial lenders have exited New York City’s transportation sector or shut down their equipment finance divisions altogether in recent years, Long Island-based TransCapital Funding doubled down on their efforts to help sustain black car, yellow cab and paratransit fleets in 2025. As of November, TransCapital had already supported companies in the tri-state area with more than $5 million in funding for fleet acquisitions.
Launched in 2017, TransCapital quickly became a trusted partner for operators seeking to grow or upgrade their fleets with purpose-built vehicles. The company’s “Smart, Fast, Easy!” philosophy has been a crucial component of their success, according to President Don Coolbaugh, whose history in the industry dates all the way back to 1995.
“Whether you’re acquiring a luxury sedan, SUV, sprinter van or executive coach, our process is designed to make financing simple and efficient,” Coolbaugh explained. “We offer streamlined, flexible financing solutions tailored specifically for black car, limousine, livery and taxi fleets looking to grow their businesses. Our team understands the unique needs of the luxury transportation market – from seasonal demand to regulatory compliance and brand image. We’re here to help operators stay competitive by making fleet upgrades accessible and hassle-free.”
TransCapital’s sales and service staff works closely with clients to provide financing that fits their specific business model – whether they’re a small fleet or managing thousands of vehicles – and includes both new and used vehicles.
For more information, TransCapital invites you to speak with their VP of Business Development, Michael Shank by calling (616) 292-6475 or emailing mshank@transcapfunding.com.
