If you don't find your airplane loan or aircraft finance questions answered here please
contact us.
New Purchases
| Q: |
I am purchasing a helicopter and was wondering if you offered loans to accomplish this?
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| A: |
Yes, we can finance helicopters. Our program allows for loan terms up to 120 months. |
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| Q: |
I am considering purchasing an old taildragger and I was wondering what the maximum age aircraft is that you will finance?
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| A: |
Most lenders will only finance airplanes dating back to 1960. However, we can offer financing on any age airplane with the appropriate documentation. |
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| Q: |
How long does it take to get a credit decision for an aircraft loan?
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| A: |
For loan amounts up to $500,000, and upon receipt of a complete loan package, we can process your request the same day. Loans over $500,000 can be processed within 72 hours. |
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| Q: |
I am purchasing a new airplane and my local bank has approved me for a loan. The only thing is that the loan has a balloon payment in 36 months. Do you offer purchase money loans that do not have balloon payments?
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| A: |
We offer loans that are fully amortized for up to 25 years. We also offer balloon loans, however, we only recommend them if you plan to own the airplane for a short period of time. Specifically, shorter than the balloon period. |
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| Q: |
I am considering buying an LSA (probably an AMD Zenith 601XL) and placing it on leaseback with a local FBO here in Kansas. Do you offer financing and is insurance available for LSA in a rental situation?
Thank you.
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| A: |
We can finance this aircraft and there should be insurance available but he would need to research that for you. If you are interested in financing with Beacon AeroCredit please contact Mark Freeman at 888-656-9400. Thanks. |
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| Q: |
I have considering two different airplanes. Should I apply for my loan now or wait until I decide on which airplane I plan to purchase?
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| A: |
If you are committed to purchasing an airplane, there is no cost to get pre-qualified for your purchase in advance of deciding on which plane to buy. As a matter of fact, knowing how much you qualify for in advance, can assist in making the purchase experience more efficient and eliminate wasting time. |
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| Q: |
What term lengths do offer on new weight shift aircraft purchases?
Chad
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| A: |
Chad,
Thank you for your interest in Beacon AeroCredit. Unfortunately, we do not offer aircraft financing for this typr of aircraft. If your plans change please contact us for future consideration with your aircraft financing needs. |
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| Q: |
Hi,
I am looking at a 1968 310N..It's been owned by an A&P and is in top shape with new pant, interior, and avionics suite. I don't have an issue with qualifiying for a loan...but the major sources don't want to loan on THIS plane because it is older than 1970 and has over 10,000 airframe hours. We are only looking at about a 35K loan...Vref is about 60K..do you have sources for that type loan. Thanks pk
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| A: |
Paul,
Please contact Vicki at 888-7070-3633 ext 16 for more information on your purchase. Thanks.
P.S. I have confirmed that we can finance plane that are this old. Please call us today. |
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