Aircraft Loan Solutions for Piston Planes

Why Choose Aircraft Financing?

Aircraft financing allows you to preserve capital while enjoying the benefits of aircraft ownership. Rather than tying up hundreds of thousands of dollars in a depreciating asset, you can finance your aircraft purchase and use your capital for other investments or business needs.

Financing Benefits

• Preserve Liquidity: Keep your capital available for other opportunities
• Tax Advantages: Potential tax deductions on interest and depreciation (consult your tax advisor)
• Build Credit: Establish or improve your credit profile with responsible payments
• Predictable Payments: Fixed monthly payments make budgeting easier

Loan Terms & Rates

Piston aircraft loans typically offer:

• Loan Terms: 5 to 20 years, depending on aircraft age and value
• Interest Rates: Competitive rates starting around 6-10% for qualified buyers
• Down Payment: 10-20% typical, though higher down payments can secure better rates
• Loan Amounts: $50,000 minimum up to several million for eligible aircraft

Credit Requirements

While each lender has different requirements, general guidelines include:

• Credit Score: 680+ preferred, though options exist for 620+ with compensating factors
• Income Verification: Proof of stable income and ability to repay
• Debt-to-Income Ratio: Typically should be below 43%
• Down Payment: Ability to provide 10-20% down payment

Required Documentation

To streamline your application, prepare:

• Last 2 years of tax returns (personal and business if applicable)
• Recent pay stubs or proof of income
• Bank statements (last 2-3 months)
• Pilot certificate and medical certificate
• Aircraft specifications and pre-buy inspection report
• Bill of sale or purchase agreement

Eligible Aircraft

We finance a wide range of piston aircraft including:

• Single-Engine: Cessna, Piper, Beechcraft, Cirrus, Diamond, Mooney, and more
• Twin-Engine: Cessna 310/340, Piper Aztec/Seneca, Beechcraft Baron, etc.
• High-Performance: Bonanza, Cirrus SR22, Mooney Acclaim, etc.
• Vintage/Classic: Select aircraft with strong valuations

Aircraft typically must be:

• In airworthy condition with current annual inspection
• Have clear title with no liens
• Be properly insured with lender as loss payee