Beacon Aero Credit specializes in making competitive rate loans for general aviation aircraft. Beacon finances new and used airplane purchases, refinances existing aircraft loans, equity take-outs and aircraft upgrades.
Benefits of aircraft finance
Beacon Aero Credit arranges airplane loans with a multitude of investors, ensuring the lowest fixed interest rates in the aircraft finance industry. This allows the airplane loan borrower to receive the most affordable monthly payment with the security of knowing that the rate is fixed and will not increase when interest rates increase.
Beacon understands the exceptional credit profile that most aircraft owners possess. The company’s loan programs allow for minimal down payment (as little as 10% in most instances) and extended loan terms (as much as 25 years, depending upon amount financed).
Beacon’s aircraft loans are simple interest without any prepayment penalty. There is also not any application fee.
Types of aircraft loans made
- Piston Aircraft
- Turbo Props
- Jet Aircraft
- Helicopters
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- Light Sport Aircraft
- Older Collateral (1960 and newer)
- Charter
- Leasebacks
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- Part 91 Usage
- Part 135 Usage
- Personal Usage
- Business Usage
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Apply for an aircraft loan now or obtain a free, personalized rate quote
Beacon offers individuals that are interested in aircraft finance a number of options while visiting the Beacon Aero Credit web site.
- Apply for an airplane loan now, utilizing Beacon’s on-line application. This credit application will accept purchase, refinance and equity take-out loan requests. Completion of the on-line aircraft credit application is the fastest way to begin the loan process, as the application system will begin the approval process immediately.
- Download a print aircraft loan application. Upon completion of the print application, credit applicants can either mail of fax the form to our office.
- Request a personalized rate quote. By completing the requested information, Beacon will provide aircraft enthusiasts with a rate quote that takes into consideration the type of aircraft, usage, collateral age and requested loan amount.
- Pre qualify for an aircraft loan, by utilizing either the on-line aircraft credit application link or the print application link. If you wish to pre qualify, simply complete the application utilizing an aircraft that is similar in nature to the type that would ultimately be purchased. Once an actual aircraft is selected, Beacon will issue a formal aircraft finance commitment.
Factors affecting the interest rate, loan term and advance amount
- Aircraft Make
- Aircraft Model
- Aircraft Modifications
- Avionics
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- Year of Build
- Total Engine(s) Time
- Total Airframe Time
- Time Since Major Overhaul
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- Intended Usage
- Borrowers Credit Profile
- Form of Ownership
- State where located
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Beacon Aero Credit – Making aircraft loans in your best interest!
Beacon Aero Credit is a servicemark of New Beacon, LLC, a company that offers specialty finance products including aircraft, boat and RV loans. Based in Old Lyme, Connecticut, Beacon generates in excess of $300 million of annual loan production. The company presently employs 20 individuals and has regional representation throughout the United States.
Beacon offers fast service. Most aircraft loan applicants obtain a loan approval within 24 hours from the time of application. Once approved Beacon will coordinate a loan closing and arrange to have the loan proceeds available in a timely manner.
Beacon Aero Credit’s aircraft finance team is made up of loan professionals who understand the specific needs of aircraft owners. Loan prospects and the information provided are handled professionally and discreetly. We have experienced lenders and pilots on staff, ensuring that we get the best approval at the best rate and terms available.
Beacon Aero Credit is a servicemark of New Beacon, LLC, a company that offers specialty finance products including aircraft, boat and RV loans. Beased in Old Lyme, Connecticut, Beacon generates in excess of $300 million of annual loan production. The company presently employs 20 individuals and has regional representation throughoput the United States.
Let Beacon Aero Credit put its professional team of aircraft lenders to work for you today!
