We Offer THREE Loans to Upgrade Your Aircraft!
1) Aircraft Refinance (Secured)
Aircraft maintenance and upgrade loans can be carried out through an aircraft refinance. The aircraft is used as collateral for refinancing maintenance loans.
2) personal Loan (Unsecured)
3) Line of Credit (Unsecured)
Maintenance loans can also be issued as an unsecured line of credit and for this option, the aircraft is not used as collateral. Line of credit (LOC) amounts range from $5,000 to $30,000 and can be used for any maintenance. Access your line of credit anytime and have the convenience of paying the maintenance shop directly.
A line of credit can be issued quickly, which is a great benefit if you need emergency maintenance and do not have the immediate funds to cover it. Usually, a line of credit can be closed in a day or two, compared to an aircraft refinance that can take anywhere between 5 and 7 business days.
Let’s Get The Engine Running
Don’t ground the conversation, get in contact with us!
To learn more about what We Florida Financial has to offer, contact our aviation loan expert:
Director of Aviation Lending
Note: We Florida Financial does not finance helicopters, seaplanes, experimental or jet-powered aircraft. The aircraft must be 1960 or newer, fully assembled and certified for flight and in full compliance with FAA airworthiness directives. The aircraft and borrower must be located within the 48 contiguous United States. Borrowers must meet credit union eligibility criteria.