Aviation Lending FAQs
Once your aircraft loan application is submitted and all required documents have been received, a credit decision can be made within one to two business days.
After approval, aircraft funding may be accomplished in as few as three business days, which will include sending loan documents that require your signature and gathering documents required for full aircraft funding.
You will need to provide:
- Proof of U.S. citizenship
- Requested loan amount
- Two (2) years of most recent signed federal tax returns
- Two (2) years of most recent W-2 forms
- Recent pay stub(s)
- Current bank statements
- Aircraft specifications
For details, visit our Process & Requirements page.
Down payment requirements vary based on use. For personal-use aircraft, down payments can be as low as 15%.
No, sales tax is not eligible to be included in the loan amount.
We offer affordable aircraft lending to residents of the 48 contiguous U.S. states.
We offer aviation financing for a wide variety of aircraft including single and twin engine piston, turboprop, jets, vintage, and experimental. If you have a specific plane in mind and are unsure if it qualifies (especially for vintage and experimental planes), contact us and we’ll be happy to talk to you about your options.
We offer loan programs for engine overhauls and avionics upgrades.
Yes. We can incorporate additional funds into the loan for the purchase to be used for upgrades. Upgrades must be completed within 1 calendar year from date of closing.
Yes. To qualify for financing, we do require that an aircraft be airworthy and in annual. If you have questions, please contact us.
We require full/in-motion insurance coverage, bound and effective as of the loan funding date, with a lien holder endorsement. The amount of your coverage will depend on your loan amount. The full loan amount will need to be covered after the breach of warranty. If you have any questions, please contact us.
Yes, you will be required to set up an escrow closing with an FAA title company. We will coordinate with your escrow agent to gather all necessary documentation for ownership transfer and clear title. Escrow will receive all funds and disburse them accordingly on the closing day. The escrow fee is in addition to our closing fee and is paid directly to escrow before closing. Sometimes this fee is split between the buyer and seller if both parties agree to it. If you have any questions, please contact us.