Let Us Help You Navigate Through the Finance Process

Application & Approval Process

Application Process

We want to provide AOPA members with the fastest possible turnaround for their financing. In order to do this, we strongly recommend that a completed application be submitted with all the requested detail and supporting financial documents listed here:

Self-Employed Applicants - Co-Applicants

    • Complete AAF Application and Personal Financial Statement
    • Last 2 years signed personal tax returns to include all schedules
    • Last 2 years signed business tax returns to include all schedules
    • Current year interim statements
    • Brief written history of the company
    • Aircraft specification sheet 
    • Brief statement about your personal aircraft ownership history 
    • Copy of photo ID

Non Self-Employed Applicants - Co-Applicants

    • Complete AAF Application and Personal Financial Statement
    • Current pay stub
    • Last 2 year’s W-2
    • Last 2 year's signed personal tax returns to include all schedules
    • Aircraft specification sheet 
    • Brief statement about your personal aircraft ownership history
    • Copy of photo ID

 

A completed application and supporting documents can be uploaded to our secure site

Click Here to Upload

After Approval Process
  1. An AAF loan administrator will contact you via phone and/or e-mail to communicate the Lender’s approval decision.
  2. The AAF loan administrator will send you a Pre-Closing Checklist to be completed.

    Samples of the required documents listed in the Pre-Closing Checklist:
    • Purchase Agreement
    • Bill of Sale 
    • If registering the aircraft in a Business Name or LLC Name, Articles of Incorporation or other appropriate organizational documents will be required.
  3. When the purchase agreement, appropriate organizational documents and Bill of Sale have been received, the Loan Administrator will order a title search on the aircraft.
  4. Once a clear title search has been verified and received, the Loan Administrator will create your loan documents and overnight them to you to the address on the application.
  5. You will sign and notarize the loan documents and send them back to us via the pre-paid envelope.
  6. You need to provide proof of insurance information that meet lender requirements (Lender requirements will be provided.)
  7. You/the seller will need to provide wiring instructions.
  8. As soon as the AAF loan administrator has received all of the above documents and the documents are executed properly, the loan package will be sent to Funding/Escrow.

All financial information may be emailed to info@aopafinance.com or faxed to: 877-314-6448. Please call 1-800-62-PLANE to speak to a loan specialist if you have questions.

The above information is provided for informational purposes only. Your specific application may require more information. Please consult your loan specialist if you have any questions by calling 1-800-627-5263 or send an email to info@aopafinance.com.

 

California Residents, click here for more information.

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