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Frequently Asked Questions
Q: How long does it typically take to get an answer on my loan request
A: Usually 1-3 business days depending on the loan size and complexity
Q: How much money can I borrow on an airplane?
A: You can finance up to 90% of purchase price or retail market value, whichever is less.
Q: Can you finance all types of airplanes
A: Most general aviation airplanes qualify. Most lenders have
age restrictions and prefer airplanes less than 30 years old that
are FAA certified under Normal or Utility categories with a current
certificate of airworthiness
Q: What financial information is required in addition to the application?
A: There is a checklist attached to our application outlining
all required documents based on the type of entity you are applying under.
The following FAQ’s pertain to the new International Registry Q: Which airplanes and engines must be registered with the International Registry? A: They are: - Airframes that are type certificated to transport at least eight persons including crew or goods in excess of 6063 pounds
- Helicopters that are type certificated to transport at least five persons including crew or goods in excess of 990 pounds.
- Jet engines that have at least 1750 pounds of thrust or its equivalent
- Turbine or piston engines that have at least 550 horsepower or its equivalent
Q: Who must register with the International Registry?
A: Each party to a qualifying International Registry transaction must register as a Transactional User Entity (TUE) including borrower, debtor, seller and buyer to give consent to registration.
Q: How can I register as a Transactional User Entity (TUE) on the International Registry? A: This can be done at www.internationalregistry.aero
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