The requirement is that there are at least 25 of the same make and model registered with the FAA. Our lenders will establish the loan amount of each experimental aircraft based on your experience, credit credentials of the applicant(s) and through valuation guides and/or by way of reviewing at least three comparable aircraft that are for sale in the United States.
If you are an experimental manufacturer looking to find financing for your airplane, please call 800.627.5263 to discuss options.
AOPA finance helped me to acquire one of my dream planes and made the entire process feel like I was dealing with my small home town bank. The bank President personally made herself available to me and her loan officer made me feel like I lived in their town and had known them forever. They have my business for life!
Rick F.
Lenders will need at least three current market listings to determine value. Borrowers also have the option to order an appraisal at their own expense if market comps are not currently available.
Lenders will also need to see a minimum of 25 of the make/model registered with the FAA.
Another way to get a lender comfortable with financing an experimental or LSA is to have the manufacturer and lender work together to develop a specific program for their aircraft. Please contact AAF directly if you are an experimental or LSA manufacturer and would like to speak with one of our lenders.
Have additional questions? Feel free to contact us or call us at 800.627.5263