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The Aircraft Lenders Loan Process

  1. Get in touch! Give us a call at 973-577-4226, shoot us an email at info@theaircraftlenders.com, or complete our inquiry or financing quote forms. We are standing by to answer your questions.
  2. Tell us about your aircraft ownership plans and your aircraft mission, and we will give you a soft quote, pending credit review.
  3. Submit your application and financial documents securely. After our conversation with you, we will email you our application form, our docs request list, and a secure portal to upload your documents to.
  4. We will review your file, ask questions if we have any, and request any missing documents.
  5. We will pre-underwrite your loan to ensure you are a good match for the soft financing quote we gave you. If we need to pivot to a different lender, we will get in touch with you to ensure you want to proceed.
  6. After we submit your application to a lender, you can expect a credit decision within 2-3 business days for a personal loan, and 1.5 – 2 weeks for a commercial loan.
  7. We relay the credit decision upon receipt, and lay out steps to move towards closing.
  8. We stay with the transaction, communicating with all parties, until the loan is closed and you are in possession of your aircraft!
  9. Closing can occur 3 days after receipt of a complete closing package.

What Lenders May Review

Aircraft financing usually involves more than a basic credit check. Lenders may review borrower financials, down payment, aircraft valuation, purchase agreement, intended use, ownership structure, insurance, aircraft records, and closing details. The goal is to understand both the borrower and the aircraft being financed.

What Can Affect Approval Timing

Approval timing can depend on how quickly documents are provided, whether the aircraft information is complete, how the aircraft will be used, and whether valuation or title details require additional review. Clear documents and complete aircraft information help keep the process moving.