PREPARE & SUBMIT YOUR AIRCRAFT APPLICATION
We are often asked, “What’s it like to finance an aircraft?” and we typically respond that the finance application process is a cross between buying a car and buying a home. Speed-wise it is much faster than a home purchase. From an underwriting perspective our analysis is based on credit, cash flows, and the borrower’s overall financial picture. Below you’ll find a timetable guide and the steps you can expect to take when financing an aircraft.
Preparing Your Application Package
Our goal is to provide you with the fastest turnaround possible. In order to do this, we strongly recommend the application be submitted with the requested details and supporting financial documents.
Please click here for a detailed list of the information we need to proceed.
Submitting your Application Package
Forward your Application and supporting information to us via one of the following:
- Upload: AirFleet’s Secure Portal: https://www.airfleetcapital.com/apply-for-an-aviation-loan/
- Email: apply@AirFleetCapital.com or to your AirFleet contact (less than 40MB/msg)
- Fax: 703.777.3854 (converts to secure, electronic file)
- Overnight/Mail: AirFleet Capital, 1725 E. Ryan Road, Suite 5, Chandler, AZ 85286
The Underwriting Process
- Upon receiving your application, we will contact you to confirm the receipt.
- After our initial review, we may contact you with questions or to request any missing items.
- When the underwriting is complete, AirFleet will issue a formal Approval Letter with the rates/terms and any additional conditions prior to closing.
At AirFleet, we strive to give you a quick response upon receipt of a complete Application. The turnaround time will vary depending on the complexity of your financial situation and the size of your aircraft purchase. See below as a guide to what you can typically expect in response time as it relates to your specific purchase:
| Individual Buyer | Small Business/Sole Proprietorship | Large/Multiple Business Buyer |
|---|---|---|
| 5 – 7 Business Days* | 5 – 7 Business Days* | 7 – 10 Business Days for loans below $3Million* 7 – 10 Business Days for loans above $3Million* |
*Please note that turnaround times may vary during peak seasons, but we work diligently to accommodate all requests.
Closing times will also vary, but typically can be accommodated within 5 – 7 business days upon receiving the receipt of registration entity paperwork (if applicable) and escrow being set up. Please note that holidays or inclement weather may delay even well-developed plans – please think ahead!
Please Note, AirFleet Capital complies with the USA PATRIOT Act. To help the U.S. government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each borrower. What this means to you: We will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask you for photo identification (valid U.S. driver’s license, passport, etc). We cannot process your loan request unless your identity can be verified.