Question: I own a 117RG that’s free & clear and seeking to finance up to $80K w my plane as security....do you all offer this service?
Answer: Equity financing of an aircraft can be challenging. Lenders will need a good understanding of how the funds are to be used. If the funds are to be put back into the aircraft for upgrades, improvements, etc. we have plenty of options. This would be treated like any other purchase or refinance. If the funds are to be used to invest elsewhere or to increase cash flow, the lending options are much more limited. Generally, we would expect a lower advance and increased rates for this type of financing. Please give us a call, we would be happy to discuss your unique situation.
Have questions for Adam? He is happy to answer them. Submit your questions here. Great rates. Great terms. Helpful and responsive reps. Three good reasons to turn to AOPA Aviation Finance when you are buying an airplane. If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (75263) or click here to request a quote.