Our Solutions
Our Solutions
AIRCRAFT FINANCING
Whether you’re an aviation enthusiast or a business professional seeking aircraft financing to acquire an aircraft, we’re here to guide you through the process. There is a wide range of financing options available, we can help you determine the most suitable funding solution for your aviation needs. From private aircraft purchases to commercial fleet expansions, our expertise and resources will assist you in securing the necessary funds.
Why Aircraft Financing?
The process to obtain Aircraft financing, whether it’s for personal use, business purposes, or other aviation-related needs, involves the following steps:
How does it work?
To obtain a loan based on your assets, the following steps need to be taken in consideration:
- Determine your financing needs: start the process by assessing your aircraft financing requirements. Consider factors such as the type of aircraft, its cost, your budget, and your long-term financial goals.
- Loan application and documentation: The lender will request specific documentation, such as personal financial statements, tax returns, aircraft purchase agreement, aircraft specifications, and any other relevant information they require to assess your creditworthiness.
- Evaluation and approval: The lender will evaluate your creditworthiness by reviewing your financial documents, credit history, and other relevant factors.
- Negotiation and Closing: After loan approval, we'll work with the lender to negotiate the loan terms. This includes determining the loan amount, interest rate, loan duration (term), and any additional fees or charges associated with the loan. Once the loan terms are agreed, the lender will prepare the loan documents for closing.
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AIRCRAFT FINANCING
FAQ
The requirement for collateral in aircraft financing can vary depending on the lender and the specific terms of the loan. In many cases, collateral is necessary to secure the financing. Aircraft are considered high-value assets, and lenders often seek collateral to mitigate their risk in case of default.
There are several financing options available for aircraft purchases. The specific options may vary depending on factors such as the type of aircraft, its intended use (personal or commercial), and the borrower’s financial situation. Here are some common financing options:
Traditional Bank Loans typically have competitive interest rates and flexible repayment terms. They may require a down payment and collateral, such as the aircraft itself or other assets, to secure the loan.
Aircraft Financing Companies: There are specialized financing companies that focus on aviation lending. They offer tailored financing solutions for individuals and businesses. They may provide both secured and unsecured loan options.
Aircraft Leasing: Leasing is an alternative to purchasing an aircraft outright. It involves renting the aircraft for a specified period, with monthly lease payments.
The requirements or qualifications the lenders require are documents such as personal financial statements, tax returns, bank statements, aircraft purchase agreements, and appraisals.
The duration of the aircraft financing process can vary depending on various factors, including the complexity of the transaction. Overall, the aircraft financing process can range from a few weeks to several months, depending on various factors including how quickly all the required background financial documents are submitted.
Yes, it is possible to refinance an existing aircraft loan to obtain better terms or lower interest rates. Refinancing an aircraft loan involves paying off the existing loan with a new loan that offers more favorable terms.
Why Amrock Financial?
AmRock Financial hasprovided $1 billion + in financing to more than 400+ small and mid-sized businesses in the US and Canada over the last 16 years, working with a pre-approved network of 1700+banks and non-bank lenders nationwide.
If you are looking for a business loan, refinancing, or additional working capital, we provide Debt Structures from $1 million to $100 million.
Although banks have reduced lending in today’s market there are many other funding options available to you.
If you’re interested in scheduling a 30 min introductory call, book a meeting here:
Overview of our
Financial Solutions
If you’re in need of financing for your business, asset-based lending provides a unique and flexible solution leveraging your company’s tangible assets.
If you’re a small business owner seeking financing, the U.S. Small Business Administration (SBA) offers a range of loan programs to access affordable capital with favorable terms and flexible repayment options.
Factoring can be a valuable financing solution to improve cash flow. Convert your accounts receivable into immediate cash to optimize your cash flow.
Whether you’re an aviation enthusiast or a business professional seeking to acquire an aircraft, we’re here to guide you through the process.
A specialized financing option designed to help businesses cover the costs of fulfilling customer orders without depleting their working capital.
Trade financing can provide you with the necessary working capital solutions, and risk management tools to navigate the complexities of the global marketplace.
- 1001 Brickell Bay Drive 27th Floor Miami, Florida 33131
- 305-440-8480
- applications@amrockfinancial.com